Coronavirus Kills 30,000/Month; Unemployment from Lockdown Kills 1,200 Month

Claudius: Also, stimulus can’t go on forever. It’s borrowed money.

It can go on for some time. We print our own money you know. And if we are borrowing it from ourselves as Japan does, it’s not important.

And what about business who can’t service their debt.

I don’t know. Maybe we can freeze the payments for a while. It’s all owned to bankscum anyway, right. Fuck em.

Claudius: I care about household mortgage payments and businesses making loan payments.

Mortgages can be frozen and loan payments can be frozen too. They both just go to banks anyway. The banksters can go fuck themselves.

Claudius: Credit is what fuels the economy to a large degree.

Last time I checked, they’re still loaning out money. It’s not 2008.

Claudius: Yes, we can hold out the whole summer if need be. But what good does that do? The virus won’t go away. We’re going to reopen sooner or later.

Easy. We get it down to where it’s not killing so many people.

Claudius: We might as well do it now and not destroy three more months of the economy.

The economy’s opened up anyway. What’s not open?

Claudius: I doubt we can save any more lives at this point.

We are saving lives.

Corona kills 30,000/month.
Unemployment from lockdown kills 1,200/month.

Claudius: All we can do is kill, hurt and maim people through economic disaster.

But it doesn’t kill, hurt, or maim many people. The virus kills 30X more. You do what kills less.

Claudius: It seems mostly restaurants

I believe they are open now in California in some way or other. They’ve been open for takeout for some time and business has been pretty good.

Claudius: gathering venue employees

What’s that?

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3 thoughts on “Coronavirus Kills 30,000/Month; Unemployment from Lockdown Kills 1,200 Month”

  1. Gathering venue employees are clubs, bars, theaters and places where people hang out for fun.

    “I don’t know. Maybe we can freeze the payments for a while. It’s all owned to bankscum anyway, right.”

    No not really. The big banks already made their money on the loans. It’s small banks, credit unions, depositors and investors that can get fucked. It’s complicated but it depends. Mortgages are insured and backed by the Feds like 2008. Regardless, they are securitized (turned into an investment for others) and resold. Small business loans are often securitized as well.

    Banks make sure they aren’t holding onto the hot potato for too long. Lehman and Bear Sterns were allowed to die. That’s not happening again. Not since the bulge bracket banks consolidated after 2008. I worked in finance for a bit at a few different global evil banskter banks. I wasn’t in investment, commercial or personal banking, but I know how it generally works.

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