Russia and Saudi Arabia cancelled their OPEC trade conference on Monday, looks like United States domestic corporate shale is about to go through the shitter in a big way. It’s going to be a shitty Monday economically bigly…
Well, sure…if. But then we can start working again if the damage has not gone too deep. Forgiving loans and rent prolongs the time businesses can continue and people can hang on to where they live. It is a redistribution of money, and doing it in relation to very low labor ways of earning money being less respected. So, these capital based incomes get eliminated for a while, which allows people who work to manage to get by longer. Even some people who lose their jobs may manage to hang on. Of course, if the whole thing goes on too long then you reach the same point. But it does create some slack in the line for a while. And it might get some thinking, as a society, about the priviledge of earning money forever, often without labor, for rent, and then also the ability to create money, with a keystroke - loans. those are things we might want to look at.
But sure if the lockdown goes on and on this will only delay the destruction.
Sitting here in rural United States as I read the news and watch commentators on mainstream media or through various channels of neoconservative political propaganda it is clear that the propaganda against China is in overdrive.
Many political commentators are calling for war against China or for Beijing to be nuked for the virus. Some are saying China should be dragged to an international tribunal and be sued for economic damages of the virus.
So few remember that in the 2008 economic crisis it was China that bailed out the entire world and the United States financially. That seems to be lost on most Americans since most have extremely short memories.
Indeed there is a virtual epidemic of hostility towards China everywhere and many of it is based upon fictitious accusations or hearsay. Let’s just add a world war on top of a global viral pandemic and global economy crashing, yeah, that’s the winning ticket. Going to war with a nation that has billions of people many of them who are innocent and a country that has half of the world’s population combined.
This nation has only been locked down for four weeks and people are already starting to lose their minds unable to contain their bloodlust. Truly a remarkable period we’re living in.
From time to time you’ll hear a comment like, “Why are we worried about a few old people dying that we must lock down entire nations?” Good question, here’s my response.
The west for all intents and purposes are boomer geriatric economies where the old control most of the consumer purchasing power. Generation X, Generation Z, and my generation of Millennials for all intents or purposes are a bunch of indebted broke indentured wage slaves living on the economic geriatric corporate crony capitalistic plantation.
If a virus threatens the lives of a majority of our older boomer geriatrics our economies would simply shut down and collapse overnight because with them having all the money being the largest consumers nothing is allowed to threaten them. Also, this is where we’re at as a society in the west ever since a majority of women thought it was a good idea not to have children, get married, or reproduce in large numbers. With that in mind these current trends seem pretty irreversible. [ I sometimes wonder if it would take nothing short of a global nuclear war to get women in mass to open their legs and vaginas up for reproduction since nothing else other than being wealthy seems to do the trick anymore given stringent sexual hypergamy or prevailing radical feminism everywhere.]
So with all that in mind, Covid-19 is a boomer remover and without our older geriatrics consuming spending money our economies would never survive, with this lockdown we’re just protecting our largest financial consumer base in the general population. With all that in mind I think this explains our dying western societies quite adequately.
Sure, and I am not saying you are wrong. ACtually I think we’ll be very lucky if 1) the lockdown is not extended beyond that and or 2) the lockdown comes back in second and possibly third waves of the disease. One thing the lockdowns do is slow down the spread. End the lockdown and it can speed up again.
Lol where do you find this shit? Like do you go looking for it with something in mind, or do you come across it accidentally, find it funny, and then decide to post it?
Only five more Carnival Cruise ships left stranded at sea with passengers unable to port and set anchor. Gosh, I really hope those people that decided to go for an international vacation knowingly through a global viral pandemic are alright.
[b]'With astonishing swiftness, the pandemic has shut down both longstanding and new businesses, leaving veteran workers and recent hires in nearly every type of industry without a paycheck. In just three weeks, more than 16 million Americans have lost their jobs — more losses than the most recent recession produced over two years.
‘It’s as if “the economy as a whole has fallen into some sudden black hole,” said Kathy Bostjancic, chief U.S. financial economist at Oxford Economics. Many Wall Street analysts concede that at this point, forecasts are not much more than gussied-up guesses: The purposeful and sudden halt in economic activity has no precedent, and no one knows when the restrictions on movement and commerce will be lifted.’[/b] NYT