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Joined: 10/31/2005 Posts: 64
Likes: 62

Board Member 15+ Years

What's this?

Seems like the wrong question

What if we don't supports States and cities - then they cut teachers, Police, Fire, Healthcare. States must balance budgets. Reduced employment causes near term vicious cycle as furloughed employees reduce spending and businesses lose customers; and long term productivity is cut. Don't worry about the debt, since interest rates are below inflation, people are actually paying uncle Sam to borrow. As for FIAT money concerns, we always have gold, Bitcoin, or Tulips to move to if need be

(In response to this post by ColoVT82)

Posted: 05/13/2020 at 5:17PM

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Current Thread:

Fiat money has zero intrinsic value. Wonder what happens when every -- ColoVT82 05/13/2020 2:41PM

If we know the inevitable is that certain companies or industries will not -- Vtskier1 05/13/2020 10:48PM

Seems like the wrong question -- armyhokie88 05/13/2020 5:17PM

Wait... why is a tulip worth so much? -- King Jaffe Joffer 05/13/2020 8:42PM

OK. Let's discuss that - -- ColoVT82 05/13/2020 6:16PM

There will be economic hell to pay in the next 20 years -- Hokie1992 05/14/2020 07:24AM

But all of this is for shutting down the entire country, and now the -- fordham 05/13/2020 5:25PM

Treasury has to finance 3 trillion dollars starting this week -- lchoro 05/13/2020 4:28PM

Back in March, I guessed 2.5T. I was too conservative... ** -- ColoVT82 05/13/2020 5:05PM

Thank goodness for china, right ** -- fordham 05/13/2020 4:42PM

Maybe that's the goal....sell all that debt to China and default on it ** -- Vienna_Hokie 05/13/2020 6:17PM

We have a diabolical plan after all, (evil laugh) ** -- fordham 05/14/2020 10:23AM

I think we already know what happens -- Tafkam Hokie 05/13/2020 3:22PM

Long Pb eh? ** -- ColoVT82 05/13/2020 4:08PM

Already being seen, grocery prices up in april by a large percentage -- fordham 05/13/2020 3:13PM

That's not inflation-induced, that's demand. The supply didn't change -- jmanatVT 05/13/2020 4:03PM

I learned a new twist on food supply - stuff for restaurants goes a differe -- ColoVT82 05/13/2020 4:10PM

I agree supply/demand is part of it but we are increasing costs and -- fordham 05/13/2020 4:08PM

What could go wrong? -- MP4VT2004 05/13/2020 3:11PM

It already did. ** -- HokieJay 05/13/2020 4:13PM

Deflation? ** -- ColoVT82 05/13/2020 4:08PM

I feel that is a foregone conclusion. Especially, if there is another -- VTMONEY94 05/13/2020 4:10PM

The helter skelter ....foreign fx will blow first. Grabs hbomb goggles ** -- ColoVT82 05/13/2020 4:14PM

Not socialism, but chaos is possible ** -- fordham 05/13/2020 3:16PM