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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) 3
#26538146 - 03/16/20 08:38 AM (3 years, 10 months ago) |
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Its no secret, one does not need a crystal ball, the US economy and stock market react very badly in particular to this COVID-19 crisis.
Trump has made lots of tests available starting today, and they WILL show that the disease is much more widespread than it was according to the underreported estimates.
This will INTENSIFY the panic 
This will INTENSIFY the run on the stores
This will INTENSIFY social unrest
This will INTENSIFY adverse effects on the economy.
What will happen?
What do you think will happen? A crash, a recession, a quarantine, a perfect storm for the people.
This looms in all nations but ESPECIALLY in the United States because everything is streamlined there, there are no reserves, no buffers, as shown by a bunch of banks cascading in a fall in 2008.
Like that, but on a much bigger scale.
SHIT IS HITTING THE FAN IN THE USA IN THE SHORT TERM 
You might want to step up your stocking efforts, and capital safeguarding efforts, on the short term, but entirely in your own way and ON YOUR OWN RESPONSIBILITY.
You can't blame crazy Asante for hand cranking the ole Carter siren here to warn you guys for an imprending worsening of the crisis.
GET READY FOR ACTION, YOUR FAMILY AND YOUR COUNTRY NEED YOU 
-------------------- Omnicyclion.org higher knowledge starts here
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evlyshrooms
willi weilii



Registered: 08/08/19
Posts: 2,272
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: Asante]
#26538147 - 03/16/20 08:41 AM (3 years, 10 months ago) |
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Yeah corona is completely shitting on the market right now. Negative rates inbound? only time will tell how this all pans out. scary stuff especially for soon to be retirees
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Edited by evlyshrooms (03/16/20 08:48 AM)
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trees


Registered: 02/08/09
Posts: 9,194
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: evlyshrooms]
#26538153 - 03/16/20 08:46 AM (3 years, 10 months ago) |
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retirees I know balance their money with like 60% bonds and 40% stocks so they haven't freaked out much yet
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: Asante] 5
#26538163 - 03/16/20 08:52 AM (3 years, 10 months ago) |
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Don't forget there was also an oil-related crash happening anyway due to the Saudis tanking the price. So that on top of the Covid thing is like a perfect storm.
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feevers


Registered: 12/28/10
Posts: 8,546
Loc:
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: psi] 4
#26538170 - 03/16/20 08:57 AM (3 years, 10 months ago) |
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Maybe the complete decimation of retirement accounts will give boomers a little empathy to the future they're leaving the rest of us.
JK, let's see what kind of short term fix they come up with that gets them through this and passes the buck to us.
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evlyshrooms
willi weilii



Registered: 08/08/19
Posts: 2,272
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: trees] 1
#26538173 - 03/16/20 08:59 AM (3 years, 10 months ago) |
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True. I know most barely have enough saved to sustain even a no frills life style post retirement. Any notable loss, even if the portion of their portfolio exposed to this drop is small, I feel is significant.
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InfiniteDreams


Registered: 10/25/19
Posts: 1,224
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: feevers] 2
#26538232 - 03/16/20 09:36 AM (3 years, 10 months ago) |
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Quote:
feevers said: Maybe the complete decimation of retirement accounts will give boomers a little empathy to the future they're leaving the rest of us.
JK, let's see what kind of short term fix they come up with that gets them through this and passes the buck to us.
But the elderly always make sure to vote in such a way as to benefit the young, selfless compassion is the goal, never self preservation at all costs.
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: InfiniteDreams] 1
#26538328 - 03/16/20 10:27 AM (3 years, 10 months ago) |
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InfiniteDreams


Registered: 10/25/19
Posts: 1,224
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: psi] 4
#26538365 - 03/16/20 10:53 AM (3 years, 10 months ago) |
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That's why they must be protected at all costs, so they can continue to vote...
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larry.fisherman
shoulda died already


Registered: 11/03/12
Posts: 36,294
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: Asante] 9
#26538386 - 03/16/20 11:10 AM (3 years, 10 months ago) |
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Worst case scenario the prepper psychos go full on apocalypse retard. That scares me more than anything, all those "mah freedums" hillbillies with the mullets gathering together
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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: larry.fisherman]
#26538401 - 03/16/20 11:19 AM (3 years, 10 months ago) |
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Quote:
larry.fisherman said: Worst case scenario the prepper psychos go full on apocalypse retard. That scares me more than anything, all those "mah freedums" hillbillies with the mullets gathering together
This is so fucking true!
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,332
Loc: The Inexpressible...
Last seen: 37 seconds
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: Asante]
#26538422 - 03/16/20 11:32 AM (3 years, 10 months ago) |
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America's about to get hit HARD. I feel sorta prepared but i guess i can do more. Sound the Alarm, its Full Panic Mode and store shelves are feeling it!!!!
Its about to get nasty out there. Hopefully not too bad (yikes).
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spirit_shadow
Feature not a bug



Registered: 08/15/11
Posts: 25,665
Last seen: 57 minutes, 23 seconds
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: LogicaL Chaos] 1
#26538466 - 03/16/20 12:01 PM (3 years, 10 months ago) |
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I'll bring the tunes for the occasion 
Edit: its already in my town
-------------------- ERROR 418 IM A TEAPOT.....(this account is automated, all posts related to illegal activities or advice thereof are strictly from numerous online sites and are for informational purposes only)- Circa 2011 Ban lotto
Edited by spirit_shadow (03/16/20 12:06 PM)
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: LogicaL Chaos] 3
#26538468 - 03/16/20 12:01 PM (3 years, 10 months ago) |
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If foreign nations, like China, which hasnt been treated nicely by the Trump regime,, start dumping dollars, its curtains for the US as a world power, and for the purchasing power of the Dollar. Trump has ordered printing 50 billion for the COVID emergency plan and God knows how much to "fill up on cheap oil.
They just might, or OPEC might say "fuck the mickey mouse dollars you're printing to grab our oil"
-------------------- Omnicyclion.org higher knowledge starts here
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audiophoenix
Find Peace


Registered: 08/28/09
Posts: 4,107
Loc: Upstate NY
Last seen: 2 years, 8 months
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: larry.fisherman]
#26538663 - 03/16/20 01:46 PM (3 years, 10 months ago) |
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Quote:
larry.fisherman said: Worst case scenario the prepper psychos go full on apocalypse retard. That scares me more than anything, all those "mah freedums" hillbillies with the mullets gathering together
there are so many trigger happy lunatics out there waiting for the opportunity to start the hunger games.
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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,712
Last seen: 2 minutes, 38 seconds
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: larry.fisherman] 1
#26538672 - 03/16/20 01:52 PM (3 years, 10 months ago) |
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Quote:
larry.fisherman said: Worst case scenario the prepper psychos go full on apocalypse retard. That scares me more than anything, all those "mah freedums" hillbillies with the mullets gathering together
  
Uhhhhh yee haw, compradres! Let's ride our tractors into town and shoot up that god damn hippy gathering center.
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,332
Loc: The Inexpressible...
Last seen: 37 seconds
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: Asante] 1
#26538675 - 03/16/20 01:54 PM (3 years, 10 months ago) |
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I heard about that Zimbabwe dollar. Its like 1 Million Zimbabwe equals like $1 dollar or something crazy.
Its gonna get crazy for America real soon. Full economic disruption. Monetary Chaos.
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Randalf the Grey
Woodland Creature


Registered: 06/11/19
Posts: 1,237
Last seen: 3 years, 3 months
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: LogicaL Chaos] 1
#26538799 - 03/16/20 03:06 PM (3 years, 10 months ago) |
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Dried food, check. Myco supplies, check. Long-term camping gear (if needed), check. Ammo, check. The only thing I don't have is money but that's nothing new.
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morrowasted
Worldwide Stepper


Registered: 10/30/09
Posts: 31,377
Loc: House of Mirrors
Last seen: 3 days, 22 hours
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: Randalf the Grey] 2
#26538900 - 03/16/20 03:46 PM (3 years, 10 months ago) |
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honestly a recession will be good for me
this virus makes me profession more in demand than ever. our collective bargaining power will increase
housing and stock prices will drop to the point where hopefully I can afford to invest
the market will bounce back eventually and I will have joined the capitalist class
assuming I don't die
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trees


Registered: 02/08/09
Posts: 9,194
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Re: AMERICA IS ON THE BRINK OF A COVID-19 INDUCED ECONOMIC CRISIS (COLLAPSE 101) [Re: morrowasted] 2
#26538918 - 03/16/20 03:52 PM (3 years, 10 months ago) |
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I don't think it's going to get so insane. I'm willing to bet money that things won't go apocalyptic or even close. The market will normalize faster than we think. Nobody's going to have needed their stock pile.
I'm willing to admit full wrong and idiocy if my predictions turn out to be wrong.
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