As if a pandemic isn't enough to deal with, Trump's calling

Page 2 of 12 [ 180 posts ]  Go to page Previous  1, 2, 3, 4, 5 ... 12  Next

EzraS
Veteran
Veteran

User avatar

Joined: 24 Sep 2013
Gender: Male
Posts: 27,828
Location: Twin Peaks

18 Apr 2020, 5:29 am

magz wrote:
EzraS wrote:
The US dollar is flat currency. When the US economy collapses the US dollar will no longer be worth 1.00 it will be worth $000.1 The same goes for the British sterling pond and the Canadian dollar. Farms will go out of business, water companies will go out of business, oil companies will go out of business, electric companies will go out of business

Why?
The economy collapsed here in 1980s, we had 1000000% inflation and the farms are still producing food, water is still in pipes, electricity is still in place. There were shortages but none of them as catastrophic as you picture and the recovery was swift.


Poland had been though a lot between 1939 and 1980, had 1/10th the population of the US, probably not a good economy the whole time, and was therefore probably better equipped to deal with such 40 years ago. I imagine it was more on the agrarian side back then.

Do you think an economic collapse is going to make for a better situation with which to deal with covid19?

Like a devastating economic collapse is just the right thing to happen during a pandemic?



magz
Forum Moderator
Forum Moderator

User avatar

Joined: 1 Jun 2017
Age: 39
Gender: Female
Posts: 16,283
Location: Poland

18 Apr 2020, 6:27 am

EzraS wrote:
magz wrote:
EzraS wrote:
The US dollar is flat currency. When the US economy collapses the US dollar will no longer be worth 1.00 it will be worth $000.1 The same goes for the British sterling pond and the Canadian dollar. Farms will go out of business, water companies will go out of business, oil companies will go out of business, electric companies will go out of business

Why?
The economy collapsed here in 1980s, we had 1000000% inflation and the farms are still producing food, water is still in pipes, electricity is still in place. There were shortages but none of them as catastrophic as you picture and the recovery was swift.

Poland had been though a lot between 1939 and 1980, had 1/10th the population of the US, probably not a good economy the whole time, and was therefore probably better equipped to deal with such 40 years ago. I imagine it was more on the agrarian side back then.

Why do you assume a more damaged country is better equipped to deal with economical problems than a less damaged one?

EzraS wrote:
Do you think an economic collapse is going to make for a better situation with which to deal with covid19?

Like a devastating economic collapse is just the right thing to happen during a pandemic?

First of all, in my experience, economic collapses are not as catastrophic as you seem to imagine them, unless there is additional strong damage from the side of political influence (wars, regimes - not necessarily state politics, mafia and warlords are just as good).
Second, the economy must be quite rigid and fragile to collapse massively because of prolonged partial lockdowns - otherwise it would adapt to them instead of collapsing.
If the US economy is indeed so rigid and fragile, then it needs a massive reconfiguration anyway.


_________________
Let's not confuse being normal with being mentally healthy.

<not moderating PPR stuff concerning East Europe>


Last edited by magz on 18 Apr 2020, 6:35 am, edited 1 time in total.

kraftiekortie
Veteran
Veteran

Joined: 4 Feb 2014
Gender: Male
Posts: 87,510
Location: Queens, NYC

18 Apr 2020, 6:34 am

I don’t see the worst-case scenario happening.

I see a gradual normalization of the world economy within six months. Antibodies tests will become readily available.

Here in the US, we will have to deal with budget deficits, and how to deal with trillions of dollars extra circulating. There might be inflation. There will be pitfalls. But we will not allow collapse. We will be resilient.

But the world will not allow a catastrophe to happen. We will prevail from this mess.



kraftiekortie
Veteran
Veteran

Joined: 4 Feb 2014
Gender: Male
Posts: 87,510
Location: Queens, NYC

18 Apr 2020, 6:36 am

There won’t be a “socialist utopia,” a “new world order,” or anything like that.

We’re not that stupid. We won’t let the inmates take over the asylum.



magz
Forum Moderator
Forum Moderator

User avatar

Joined: 1 Jun 2017
Age: 39
Gender: Female
Posts: 16,283
Location: Poland

18 Apr 2020, 6:43 am

^^ Yes, as easily affordable antibody tests and effective - both medically and logistically - routines for treating the most serious cases are developed, the lockdowns can be gradually eased until "normal" even without a vaccine.


_________________
Let's not confuse being normal with being mentally healthy.

<not moderating PPR stuff concerning East Europe>


EzraS
Veteran
Veteran

User avatar

Joined: 24 Sep 2013
Gender: Male
Posts: 27,828
Location: Twin Peaks

18 Apr 2020, 6:47 am

magz wrote:
EzraS wrote:
magz wrote:
EzraS wrote:
The US dollar is flat currency. When the US economy collapses the US dollar will no longer be worth 1.00 it will be worth $000.1 The same goes for the British sterling pond and the Canadian dollar. Farms will go out of business, water companies will go out of business, oil companies will go out of business, electric companies will go out of business

Why?
The economy collapsed here in 1980s, we had 1000000% inflation and the farms are still producing food, water is still in pipes, electricity is still in place. There were shortages but none of them as catastrophic as you picture and the recovery was swift.

Poland had been though a lot between 1939 and 1980, had 1/10th the population of the US, probably not a good economy the whole time, and was therefore probably better equipped to deal with such 40 years ago. I imagine it was more on the agrarian side back then.

Why do you assume a more damaged country is better equipped to deal with economical problems than a less damaged one?

EzraS wrote:
Do you think an economic collapse is going to make for a better situation with which to deal with covid19?

Like a devastating economic collapse is just the right thing to happen during a pandemic?

First of all, in my experience, economic collapses are not as catastrophic as you seem to imagine them, unless there is additional strong damage from the side of political influence (wars, regimes - not necessarily state politics, mafia and warlords are just as good).
Second, the economy must be quite rigid and fragile to collapse massively because of prolonged partial lockdowns - otherwise it would adapt to them instead of collapsing.
If the US economy is indeed so rigid and fragile, then it needs a massive reconfiguration anyway.


Okay so meh no biggie like water off a duck's back. I get it.



EzraS
Veteran
Veteran

User avatar

Joined: 24 Sep 2013
Gender: Male
Posts: 27,828
Location: Twin Peaks

18 Apr 2020, 6:51 am

There was really no point in business existing and people having jobs in the first place. That was all just an illusion. Nothing will really change if there was a year of shutdown. Everything would be hunky dory coming up like roses. I feel so much better about it now.



kraftiekortie
Veteran
Veteran

Joined: 4 Feb 2014
Gender: Male
Posts: 87,510
Location: Queens, NYC

18 Apr 2020, 7:08 am

There won’t be a year of shutdown. Most of the US will probably open up in May.

Parts of Europe are already opening up.



magz
Forum Moderator
Forum Moderator

User avatar

Joined: 1 Jun 2017
Age: 39
Gender: Female
Posts: 16,283
Location: Poland

18 Apr 2020, 7:10 am

EzraS wrote:
There was really no point in business existing and people having jobs in the first place. That was all just an illusion. Nothing will really change if there was a year of shutdown. Everything would be hunky dory coming up like roses. I feel so much better about it now.

Sure, either everything collapses or everything is perfect.


_________________
Let's not confuse being normal with being mentally healthy.

<not moderating PPR stuff concerning East Europe>


EzraS
Veteran
Veteran

User avatar

Joined: 24 Sep 2013
Gender: Male
Posts: 27,828
Location: Twin Peaks

18 Apr 2020, 7:14 am

Well it seems like things opening up by May means millions will die to a lot of people going on about a death cult and all that. Everything needs to be shutdown and people locked down much longer than May. If we start opening back up in May half of the US will be dead by August.



EzraS
Veteran
Veteran

User avatar

Joined: 24 Sep 2013
Gender: Male
Posts: 27,828
Location: Twin Peaks

18 Apr 2020, 7:17 am

magz wrote:
EzraS wrote:
There was really no point in business existing and people having jobs in the first place. That was all just an illusion. Nothing will really change if there was a year of shutdown. Everything would be hunky dory coming up like roses. I feel so much better about it now.

Sure, either everything collapses or everything is perfect.


It doesn't matter either way. No matter what it will work out alright.



kraftiekortie
Veteran
Veteran

Joined: 4 Feb 2014
Gender: Male
Posts: 87,510
Location: Queens, NYC

18 Apr 2020, 7:19 am

Even the “progressive liberal” Cuomo sees the impending need to open the economy as soon as possible.



magz
Forum Moderator
Forum Moderator

User avatar

Joined: 1 Jun 2017
Age: 39
Gender: Female
Posts: 16,283
Location: Poland

18 Apr 2020, 7:22 am

So, understanding the risks and risk limits on both sides, we need to adjust to balance them off and adapt to minimize both.
Going politically tribal about it sells well but does not really help.


_________________
Let's not confuse being normal with being mentally healthy.

<not moderating PPR stuff concerning East Europe>


EzraS
Veteran
Veteran

User avatar

Joined: 24 Sep 2013
Gender: Male
Posts: 27,828
Location: Twin Peaks

18 Apr 2020, 7:22 am

kraftiekortie wrote:
Even the “progressive liberal” Cuomo sees the impending need to open the economy as soon as possible.


I know, I pointed that out to those going on about the death cult. Apparently according to them it is only death cult trumpsters that want a timely end to the lockdown and don't care how many millions will die because of it.



kraftiekortie
Veteran
Veteran

Joined: 4 Feb 2014
Gender: Male
Posts: 87,510
Location: Queens, NYC

18 Apr 2020, 7:25 am

We’ve got to get the antibodies test in mass circulation.

That would help matters greatly.



magz
Forum Moderator
Forum Moderator

User avatar

Joined: 1 Jun 2017
Age: 39
Gender: Female
Posts: 16,283
Location: Poland

18 Apr 2020, 7:34 am

Back to the OP - this rhetorics of "liberating" peoples brings very bad memories here.


_________________
Let's not confuse being normal with being mentally healthy.

<not moderating PPR stuff concerning East Europe>