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Muh Muh Muh My Corona (virus)

Discussion in 'Sports and News' started by Twirling Time, Jan 21, 2020.

  1. Roscablo

    Roscablo Well-Known Member

    Honestly, though, this is a big thing with the flu vaccine too, which is why it is important and works. When you read stories of people dying from the flu, especially people who you didn't fit the typical flu death type, they almost always didn't get a flu shot. People who get flu shots are much more likely, obviously, to not get the flu at all effective rate or not (I love the arguments against getting it when it's only 50 percent effective or whatever, I mean, that's better than zero, right?), not have complications from it if they do get it, and best of all, more likely to not die from it. If all this happens with a COVID19 vaccine it means it's working.
     
    OscarMadison and Neutral Corner like this.
  2. The Big Ragu

    The Big Ragu Moderator Staff Member

    The money isn't fake. It's real.

    But let's say there are X dollars circulating and I just make more of them. What would you expect that to do to the value of the dollars that already existed?

    The mechanism by which they are doing this is through debt creation. Forget about what they are doing now to buy junk corporate debt that nobody would want in a free market (companies that are in trouble that would need to pay loanshark rates on their borrowing, if they could borrow at all anymore. ... and most wouldn't be able to now, because they don't have the minimal earnings to make high interest payments and stay on that treadmill). ... just look at their effect on US Sovereign debt. Our government had already been running up huge deficits and taking our cumulative Federal debt load to $20+ trillion. Without the Fed being given price fixing powers, we would have never gotten there. Through all the "quantitative easing" over a decade, our politicians were not forced to act responsibility, because they could spend more and more, and the Fed just created money and bought the debt the government issued. That kept yields down, which kept the amount of interest our government had to pay lower, which in turn robbed savers to fund the debt, and forced those savers into riskier and riskier behavior -- sending the valuations of companies without earnings or even good business models to crazy places.

    But think about it in terms of what we are doing. Our government spends beyond its means. And our government is essentially printing more money to pay for the debt it is taking on. You can't even call that a Ponzi scheme, because it makes a Ponzi scheme sound legit. It also leaves all of us with a huge bill that has to come due -- our debt to our GDP has skyrocketed, and worse, the debt is like an anchor that makes it so there is no way to ever grow out of it, the way people delude themselves.

    Worse, too, they ran up their balance sheet to more than $4 trillion over a decade doing that. ... and in the last 2 months, have already added another $2 trillion to the tally and are not nearly done if you believe Powell (and the stock market was certainly listening). Of course stocks are completely divorced from economic reality in that environment.

    No, they can not do that forever. They have managed to do it way longer than I would have ever imagined, but this is a story that goes back thousands of years. The term "debasing your currency" came about because coins in ancient times were made out of precious metals, which provided the scarcity to make sure that a king or queen could not do what we are now doing. Inevitably, though, kings would want to wage another war that they couldn't pay for, or something similar, and they'd start to add base metals (i.e -- debasing) to those coins -- to create more money out of thin air, and expand the money supply.

    It always ended predictably, and it will this time, too. It brought down every empire. Despite Jay Powell's BS, and his banking on 99 percent of people having no understanding about what his job is, he is running a confidence game at this point. The longer he manages to keep that confidence, the worse he will hurt the dollar and the bigger the price we are ultimately going to pay. We fucked ourselves by acting like idiots. But the politicians he benefits will sell out a hundred years for a day of acting like they have saved the world, and that is what we are getting an insane amount of right now.
     
    Last edited: May 18, 2020
    misterbc and Neutral Corner like this.
  3. Roscablo

    Roscablo Well-Known Member

    The South Carolina news is kind of strange to me. It's obvious to say it will be bad in December. Can't fault them for planning. But it's so far off how do they know? And how do they know it won't be bad in October? It's just interesting planning. While I know planning needs to happen for everyone, we don't even know what next month is going to look like but you're going to go as normal in the fall and then call things off?
     
  4. FileNotFound

    FileNotFound Well-Known Member

    football. They now have the argument in favor of going forward with football.
     
  5. Roscablo

    Roscablo Well-Known Member

    It certainly plays a role.
     
  6. Neutral Corner

    Neutral Corner Well-Known Member

    Flu vac is somewhat problematic because flu mutates so easily. No one knows what strains of flu will be infecting us come the fall. The manufacturers have to make an educated guess and begin the manufacturing process months in advance. They pick the three that seem most likely and put it out. I worked up close with sick people all the time, and I got the shot every year. It's a no-brainer. You should also see if you have had a pneumonia shot or if it needs a booster, particularly if you get a lot of upper respiratory infections or are over forty. It's cheap insurance, and it's something that you can do to help your odds. Why wouldn't you?
     
  7. qtlaw

    qtlaw Well-Known Member

    This is what's so maddening to me; WE DON'T KNOW how to fight/stop this virus; as my buddy in ICU just told me yesterday, all they can do is give anti-inflammatories, which is just masking it.

    That should have been priority Number 1 from our federal government, devote all our resources to FINDING OUT; yet, even today, that has yet to happen.

    Why has that NATIONAL effort not happened?

    In WW II they built a naval ship a day, we should have made the same effort with COVID 19.

    Voters, wake up!
     
  8. Neutral Corner

    Neutral Corner Well-Known Member

    No. We DO know how to fight it. It worked in China and South Korea. Test a lot. Isolate the positive. Trace their contacts. Monitor them closely, and if they spike a fever isolate them and trace contacts. Simple public health measures will go a long way toward smothering outbreaks. We don't have an effective treatment yet, that's true. We do all we can to minimize infections while the research for treatment and vaccines goes forward.
     
    HanSenSE and lakefront like this.
  9. tapintoamerica

    tapintoamerica Well-Known Member

    There's more to it than that. Roughly one of every six undergrads is from Maryland, New Jersey, Pennsylvania or Massachusetts. If you're going to disperse them to their home turf for Thanksgiving, you run the risk that some of them will be infected while on break and will bring it back with them. So you have to give them time to get sick and hopefully recover by the time you bring them back.
     
  10. Spartan Squad

    Spartan Squad Well-Known Member

    The vaccine helps you to either not get it or it quickens recovery, which is useful. I got the flu vaccine at the beginning of March and got really sick a short time later, but it only took a few days to get over rather than weeks that I usually have to endure with a sickness (usually sinuses and coughing after dealing with the initial round of fever and body aches). Could also have been stress mixed with diseased children. But getting over Covid in the matter of days rather than weeks will mean much fewer deaths and hospitals are not as overrun. I'll take that.
     
  11. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    If I was building in Russia, I think I would import windows from somewhere else. Domestic Russian windows are still having QC issues.

     
  12. Jerry-atric

    Jerry-atric Well-Known Member

    There are many people who believe that China lied about their COVID 19 deaths or perhaps even originated COVID 19.
     
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