Was just crunching some numbers and figured I’d share some with you.
This is not Covidophobia or any of that
fun stuff, but its obliquely related since it deals with the CARES Act.
$1200 stimulus check, right?
Ok, current population of US approximately: 330,000,000.
CARES Act was 3 TRILLION.
Total, assuming every mouthbreather or animated corpse in the US got a check is $396 Billion.
Thats only one tenth(roughly) of the total amount approved.
Now, not everyone gets that check. Entrepreneurs are likely to get skipped. Like my boss said, “if ya pay quarterly, ya ain’t ever gonna see a dime of a government handout!” No big bro love for the people that actually make the gears of the economy move. Ooh, but big corps get a guarantee for payroll (a portion of that $3T debt bomb) Small business’s of 50 employees or more can apply for it (could, the funds are now gone, and from what I understand, had a waiting list before the bill was even SIGNED) but small fry like my boss and his 4-5 employees, meh, suffer biotch!
And ya know, I haven’t seen “mine” yet either, and to be franklin about it, STFW! If I see it, I have a place for it to go: the same place ALL of my windfalls go. The reason I, of all of my bosses employees, has money come 2 days AFTER payday. The reason I CAN take a week off and not freak out about “what won’t get paid.”
Oh yeah, another reason we don’t have that many employees? They get these windfalls and disappear,,, then when they are flat busted and the bill collectors are calling, they crawl back to work. Not all of ’em mind you, but enough that its ‘not a joke’. Far harder to find ppl like myself and T, the other hard charger (he leads the crews in the field, I’m the welder/tech/programmer/? or like I told another guy, everything else.)
I’m watching the unemployment climb, tax revenues plummet, and businesses closing, in many cases forever, and crunch those numbers,,,
I just can not see how it adds up to anything other than the onset of hyper-inflation. Seeing prices rise now, though that is in no small part to demand being higher than supply thanks to the shutdown. An economy the size of ours is a very robust machine, if left alone. You start monkeying with it and things go to shit with a quickness. And the only entity capable of monkeying with it at that level is Fed.Gov. The CARES act was/is a damned big monkeywrench. And they are talking about a repeat of it already. (Tell me it ain’t pork! I laugh! Its ALL pork, with a bribe to help the littles swallow it easier. )
Another slant on the same subject: when Oblammy-oh-boy left office, direct deficits were roughly $3T dollars. (That didnt include future obligations to the tune of $27T) I’m not sure how much had changed, up or, not as likely, down since Trump took over, but, that CARES act effectively doubled the National Debt, with a penstroke. Do it again and its tripled it.
That, is insanity. That is what AOC and her Ilk believe when they talk about New Monetary Theory.
Money is a representation of value, not the value itself. More of it, does NOT increase value. It just takes more of it to purchase said value. Its why a man in 1913 could buy a brand new Colt 1911 .45 for $20 and in 2020 it cost closer to a grand. In 1913, a $20 coin was an ounce of gold. An ounce of gold now is ‘worth’ around $1800. The disparity in value is in the production cycle. Its cheaper to produce now with modern equipment and computer aided machines, but the object is the same (nearly) as over 100 years ago.
Now we’ve doubled the amount of dollars in circulation, but we have not added any value to the world: quite the opposite seeing how so many businesses are shuttered with many destined to never reopen. More money floating around but less ‘earning’ it with being out of work. I would not be surprised by one in three out of work permanently by this time next year.
Even with that thought, I’m optimistic. It may not happen fast, but I see our society on the edge of an evolution for the better. So long as people start questioning things that is. Without questions, there is no learning. No learning means no growth. And we need to grow
up as a society.
And the biggest question to ask at this stage is this; ” just where are our ‘leaders’ leading us? And do I really want to go there?” ( Immediately followed by ” why the f#@k do I need a leader anyways?” IMO)
Good examples of questions to be asking.
- Why is it Media spends a huge amount of effort to promote fear items, ignoring, for the most part, positive changes?
- Why do we hear constant variations on climate change, but solar cycles and their effects are buried information?
- Why is changing the future path everyones responsibility, when the path we are on was chosen by a small handful against the wishes of a majority?