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The Dawning of America’s Post Pandemic Age
YellowSnow
Moderator, Swaye's Wigwam Posts: 34,236
in Tug Tavern
YellowSnow
Moderator, Swaye's Wigwam Posts: 34,236
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There will be a continuing cascade of layoffs.
Half the people won't be paying their mortgage or rent.
Most of the restaurants and bars will close down for good,
Commercial real estate will crash.
Big retailers that were already on the ropes will disappear.
By then there will be cracks on the facade of the biggest banks. And then there will be a run on said Banks.
The Feds will print more fake money to "bail them out" but they won't be lending any more out. Inflation will begin to take hold, Goods and food will start to be more scarce due to supply chains breaking down and truckers not being paid on time.
Big corporations, like 2008, are even now learning how to do more with less body count. Corporations that were on the fence with A/I software will suddenly be receptive to it, now, wiping out whole departments once it's time to go back to "biz as usual".
But other than that, I think we'll be just fine.
I expect the USofA to just shut down for 3-4 months every flu/Wuhan/contagion season for now on.
Everyone will be on mandatory staycation during Contagion Season. CS will replace the late winter early spring time frame. Mortgages, Rent, standard utility bills will be prorated for the remaining 8-9 month non-contagion seasons giving the masses financial security.
I actually think he's somewhat holding his tongue so as not to incite even worse hysteria and panic than the MSM has already stoked up. He's sparred a little bit with Cuomo and Inslee and Newsom but it's going to be way, way more intense after the public is calmed down.
If there's one thing about Trump, he doesn't forget. He does NOT forget who fucks with him.
Except 70% of the population lives month to month and over half the population pays half of their take home income to rent and mortgage.
So how are over half of these folks going to be able to plow forward as before on 3/4 of what they made before?
And how are restaurants, bars, gyms, shops going to be able to pull off the same thing?
Oh all with higher taxes btw to pay for the Trillions given out with little roi.
Spoiler alert: They won't be able to. They will close. For good.
Nope. Anything after June 1st and its the point of no return. Really May 1st to be back on our feet within a year.
End of may is still probably the timeline for hotels and certain industries though.
WEA is good at negotiating contracts where the workers aren't there for 3 months.
Problem solved, everyone will have to join a union to receive salaries but the government will be happy. That will also open up $100,000 government positions for each new union.
lol