PERSPECTIVE

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39 Comments
hardscrabble farmer
hardscrabble farmer
March 29, 2020 12:49 pm

No one is getting any money.

Man, this was way easier than they thought it was going to be.

Mygirl...maybe
Mygirl...maybe
  hardscrabble farmer
March 29, 2020 1:13 pm

Yup. Big Short redux times two trillion….ain’t it great? Hopefully there will be enough cardboard for the citizens to construct new under-the-bridge shelters.

gman
gman
  hardscrabble farmer
March 29, 2020 3:24 pm

“No one is getting any money”

but we will get the bill ….

theOtherDan
theOtherDan
  gman
March 30, 2020 7:41 am

as in….BOHICA

Solutions Are Obvious
Solutions Are Obvious
March 29, 2020 12:51 pm

When folks have spent their massively huge beautiful $1,200 and more bills come due, what’s going to happen?

As the noise of the restless peasants starts to be heard in the palaces of the empire, will more helicopter money be allocated as a palliative to not cause a revolt? Will a permanent UBI be established to put the whole country on welfare?

What happens to all the businesses stupid enough to take out recourse loans in a desperate attempt to stave off the inevitable, that being the Greater Depression that we’re witnessing the start of?

The shit show thus far is just the warm up act. Wait till the real show starts. Give it a few months. By late Autumn, early Winter is when things get real. That’s when the cold will focus everyone’s mind.

gman
gman
  Solutions Are Obvious
March 29, 2020 3:25 pm

“When folks have spent their massively huge beautiful $1,200 and more bills come due, what’s going to happen?”

more money.

“By late Autumn, early Winter is when things get real.”

dunno, people were saying that in 2012 ….

Anonymous
Anonymous
March 29, 2020 1:03 pm

Even a third-grader would question the math.

2T / 330M = 6060

So for a $1200 handout we’re each dinged for $6060 ?

Gloriously Deplorable Paul
Gloriously Deplorable Paul
  Anonymous
March 29, 2020 1:47 pm

Nah, you’re not dinged. Well maybe just a little.
Your kids, grandkids, great grandkids, great great grandkids however……………………..

overthecliff
overthecliff
  Anonymous
March 29, 2020 3:14 pm

Oh no. The average American will be left alone and only the rich will be dinged for the money

gman
gman
  Anonymous
March 29, 2020 3:26 pm

“So for a $1200 handout we’re each dinged for $6060 ?”

yes. that’s how the federal reserve system has always worked.

Anonymous
Anonymous
March 29, 2020 1:05 pm

I’m giving all of my check to the Kennedy Center.
/sarc/

musket
musket
  Anonymous
March 29, 2020 2:20 pm

I saw the Free Beacon note that they will not pay the musicians their pay on the 3rd of April. If the money has not been obligated yet (I e sent to the agency involved in getting it to the JFK Center in budget speak) then refuse to allow obligation and stop them in their tracks…..

Steve
Steve
March 29, 2020 1:07 pm

Maybe we get $1200 but for every $2trillion (((they))) borrow our debt is $13,300 not including interest.
Please Sir, may I have another…

'Reality' Doug
'Reality' Doug
March 29, 2020 1:08 pm

If Americans won’t wash away the perversion soon, it festers. You will be washed away too. Those of you who advocate protecting ‘our institutions’ are fucking perverts. You redeem perverts and the perversion grows. Great work.

I wonder what ‘home defense’ can be had for $1,200.

splurge
splurge
  'Reality' Doug
March 29, 2020 1:35 pm
gman
gman
  'Reality' Doug
March 29, 2020 3:33 pm

“I wonder what ‘home defense’ can be had for $1,200”

it’ll buy a pallet of rice ….

(at today’s prices, don’t know about next week’s ….)

Anonymous
Anonymous
  gman
March 29, 2020 6:36 pm

I was thinking a cow with calf(+milk)

gman
gman
  Anonymous
March 29, 2020 6:56 pm

much better, but I couldn’t keep a cow in the garage.

Pequiste
Pequiste
March 29, 2020 1:16 pm

Serfs up!

hardscrabble farmer
hardscrabble farmer
  Pequiste
March 29, 2020 1:36 pm

That’s a brilliant line.

I’m jealous.

Pequiste
Pequiste
  hardscrabble farmer
March 29, 2020 5:58 pm

Just for you HSF (and the rest of the resilient TBPers )– the soundtrack:

TN Patriot
TN Patriot
March 29, 2020 1:27 pm

I do not think the tsunami wave is high enough to reflect reality.

SeeBee
SeeBee
March 29, 2020 1:27 pm

In NYC, there is “free” for all pre-k program. I was astonished by how many parents were thrilled with this “benefit.” When I asked them, “do you really think it’s free.?” Doe-Eyed. Sheep-Sheared. Cow-Dung.
(no insult intended to all those wonderful animals)

'Reality' Doug
'Reality' Doug
  SeeBee
March 29, 2020 2:49 pm

It means freedom from watching children, a moment of peace or at least a chance to focus on financial concerns. I have a friend who was thrilled to get pre-kindergarden. I did not argue. His tone said it all.

gman
gman
  'Reality' Doug
March 29, 2020 3:28 pm

“freedom from watching children”

short term benefit, long term cost.

gman
gman
  SeeBee
March 29, 2020 3:29 pm

“do you really think it’s free.?”

short term benefit, long term cost.

Donkey
Donkey
March 29, 2020 1:38 pm

I’ll bet we see Dow 30,000 before we see sub 18,000

Gloriously Deplorable Paul
Gloriously Deplorable Paul
  Donkey
March 29, 2020 1:50 pm

Maybe. But sub 18,000 will follow closely on the heels of 30,000.

Dan
Dan
  Donkey
March 29, 2020 2:18 pm

That’s what a hamburger will cost as well.

gman
gman
  Dan
March 29, 2020 3:48 pm

if you’re able to find a hamburger ….

Anonymous
Anonymous
  Donkey
March 29, 2020 4:19 pm

Maybe. But what it takes to make it get there will put gold north of 100k/oz.

gman
gman
  Anonymous
March 29, 2020 4:59 pm

“will put gold north of 100k/oz”

sure. but GLD will still be chugging along at $1100/oz.

M G
M G
March 29, 2020 1:52 pm

https://www.youtube.com/watch?v=BvUZijEuNDQ

I just saw the most amazing thing at a little Methodist church out in the middle of nowhere!

They Had Church!

Anonymous
Anonymous
March 29, 2020 2:19 pm

Welcome to the new world order, replacing that previous version that the govt. shut down. Destroyed using the cover of fear, about a cold virus that might affect some folks, and might not affect other folks.

A virus that has probably been on this planet since 2019, just not useful until the price of oil destroyed the derivatives market,and caused yet another banking crisis, just like the last banking crisis.

This version will be so much better than the last one:
we will get to replace cash with digital, for the virus remains on “surfaces”

this alone will allow for the advancement of certain industries, and the end of those deemed “political incorrect” aka all cash enterprises, and other assorted businesses that might provide some sort of tools that might be useful during a time like this,

tools that use high pressured gas to deliver copper jacketed lolly pops.

oh, there will be some tough times ahead, forget about getting a new ICE car, those plants have been converted to making ventilators, and when they start up again, in a year, they will be making only electric golf carts, for you to commute with.

State boarders will now be closed, you will require a pass to go between states, but you car won’t work, as there are never enough charging stations, we’ll be passing laws to get those built, but right now, we need to stop this virus.

TaDa! presto chango, please thank Bill Gates your your way to the vaccination center, because without proof of a vaccination , you will not be allowed in any public place, including grocery stores.

Bill Gates has a patent on Corona Virus: (oh its a benign version, designed for vaccines, so its OK with me)
Bill Gates and John Hopkins institute simulated this exact scenario, just last year, (strictly a coincidence)

Thank Bill,

“your welcome, now please go off somewhere an die”

overthecliff
overthecliff
March 29, 2020 3:18 pm

Every one likes free shit. Only the rich have to pay.

None Ya Biz
None Ya Biz
March 29, 2020 4:09 pm

But, what happens when no one spends the stimulus funds? What happens if they just hoard it along with the funds they already have? This action is to induce people to buy but when there are no necessities available why spend? If I receive any funds from the fedgov it will most likely go to pay off debt. Not to buy necessities. I have enough to last a few months. Thank the merciful God I was wise enough to buy a 22 cubic foot chest freezer years ago. The debt I have now is for buying other necessities for my progeny. So what ever I get will go toward the bail out of the banks! LOL!

StackingStock
StackingStock
  None Ya Biz
March 29, 2020 4:46 pm

They’re spending like drunken sailors at my work, double digit comps. I just walk around in complete shock at them. I go in late everyday, take a long ass lunch and I leave 5 minutes after the boss leaves. I got my travel papers yesterday, can’t wait to see how that shit works.

flash
flash
March 29, 2020 5:08 pm

We’re gonna need a bigger check.