Quote:
Originally Posted by svandamme
People do not want to hear the hard truth, they want a good lie.
Politicians have long stopped holding mandates and executing their responsibilities with objective goals and logic.. They lie to get the job, then lie to keep the job..
The same applies with everything, economics, ecological, social problems.
People do not want to hear the truth, so politicians don't say it.
Economies are all based on growth, because anything else would require telling people it is going to be a rough time again.. which they do not want to hear anyway.
So they don't
And everybody lives in bliss
Till something unexpected happens like natural disaster, or this "pandemic" thing
In my opinion we were long over due for a big economic crash.
2000
2008
2020 was bound to happen if nothing else had happend.
And it would have been a very bad one.
This pandemic is actually a saving grace for the economy.
It gives the politicians and economists a thing to blame rather then "the economy collapses on it's own"
Now they can work on the symptoms, and there's a common understanding that this is temporary and managable.
This will cause a bit of impact, but MUCH less then a real crash would have done.
It buys us 5-10 years 2yrs stagnation> 3 years recovery> 3-5 years booming business > crash
Any politician that comes out with such statements, won't get elected.
Cannot say anything that implies people will have less prosperity in the future.
Cannot even say anything that suggest prosperity will remain at current levels.
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Your prognosis is rather optimistic..
This is going to send all the marginal people who were living pay check to pay check over the edge into poverty. The govt is going to have to send them money or equivalents to keep them from causing civil unrest...starving people will do that ya know..
When the wave of debt defaults hits the banks etc we shall see if anything is left standing.
Do any of you think that the FED would think twice about BKing Bezos Gates or Buffet if it meant that the economic system would remain stable?
With FED and govt action ..the people who have where with all have just been fked in the azz.. they have been taxed..as ole Bunkie Hunt said decades ago a Billion ain't what it used to be...
Anyway we are mostly on the same page...