Financial collapse
- Thread starter Goose cock
- Start date
There are some good thoughts in there and I hope the world is a better place because I am and was here. Some failures, to be sure, but trying to make a positive contribution is the aim. As to your last point, it should be enlightening to see how expenditures of our resources on war preparations and its demands compare to any medical preparedness we have done. Then there is the financial aftermath results of our lack of medical preparedness to consider. Bill Gates is damn straight in his assessment of these.
They tried that In Germany about 80 years ago.
I’d certainly love to see what the estimated cost per quality years of life saved is from this debacle and compare that to other policy choices going forward. And I am as frustrated as much as anything about our lack of preparedness from a foreseeable problem even while we run trillion dollar deficits. I’d like to think we’ll learn from this how to be more sustainable and efficient but I’m just not optimistic based on our track record.
I remain short of the knowledge to know what the outcome of COVID 19 virus attack is but I am also certain that the state we find us in is not a debacle. I understand what a graphs is, what the mathematics behind the graph show and how to interpret its significance. We have been exposed to opposing versions of the seriousness of COVID 19. However the graphs do not lie and the direction is unmistakably to anyone willing to study them.
How many human lives is a country willing to accept if such loss can be avoided or limited? Perhaps we are in disagreement about how many that is. Some government agencies and staffs were set in place to prepare for such a calamity as this virus and they were eliminated or unfunded by an administration bent on getting rid of any expenditure they saw as unnecessary in furthering their agenda. These agencies would not have been able to eliminate this virus but they would have recognized it and a receptive administration would have had the USA far better prepared for the result.
I'm starting to believe the tinfoil hat conspiracy folks more than the folks with blindfolds and earmuffs. Not really but some conspiracies dont seem so crazy these days. Not saying you're blindfolded and earmuffed, just replying to your foil comment.
You must be on the younger side. I've had the great privilege to know numerous folks who came through the Great Depression as well as WWII. Some within my own family.
70 million died during world war 2 and the world survived. I think it will survive this. Throw away your tinfoil and stay positive. Stock brokers are worse than lawyers. Cash out and wait a while and let the panic subside. Everything’s going to be ok. The only wars you hear about now on the news are between the democrats and republicans.
Younger? You are confused. Herbert Hoover was president when I was born. Don't just know people who came through the great depression, I experienced it directly and from the lower strata.
Many people did not have a positive financial experience of the roaring 20's. Much of the country was in relative depression even before the stock market crash which just made it worse.
Many peoples vision of the financial state of preWW2 USA is completely warped by their current relative richness. Not necessarily your fault but that is how it is.
Not buying your evasive comment. You original comment is baseless and not a historical fact.
Quit making sh_t up.
Excellent. And very true. There was (as there is now) an enormous wealth disparity in the 1920s with most of the wealth in just a few hands. The stock market crash just extended the financial hardship to the 1% of that era.
Stock brokers are worse than lawyers? WOW! I can't speak for any "stock brokers" as there aren't really any left, but as for me, I put my clients best interest at the forefront of every decision I make. If you cash out now, you've lost roughly 20-30% YTD (if you're in indexed funds). Getting out on the bad days, means you miss the good days. But, by all means, keep DIYing and reacting through emotion versus years of studying and knowledge of how the markets work.
What do you mean by historical fact? Will you find it recorded in a history book? As I said, it goes beyond just regurgitating what you read in a book.
Those who came up through the depression developed an amazing fortitude and unbreakable resolve. They had to because that was the only way to survive it.
It was those exact attributes that led to our boys having the iron will to storm of the boats on D-Day into near certain death, among the many other heroic feats they performed.
It was Divine providence, really, that allowed the events of the Great Depression to proceed and run into WW2.
Why does this trouble you so? It's just rather self-evident that their character and resolve was developed and shaped by the Great Depression. It's part of our American greatness that instead of succumbing to it, they used it make themselves stronger people.
BS. Go find one historian who will agree with you claims. If anything, the depression is what led to WWII and to the US being poorly prepared for it. It certainly gave rise to the Nazis.
For starters...go do some research on Pearl Harbor, the war in the N. Atlantic, Operation Barbarossa, and finally the A bomb.
If there's any claim to divine providence....it's Hitler being stupid enough to open up a 2 front war and a group of foreign nationals convincing FDR to pursue building the bomb.
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I think the translation means “new order of the ages”. I’ve read that it is to denote our Declaration of Independence as a new American era. My comments are not meant to rebuke your idea of a New World Order. Personally I believe the idea of it does exist.
I'm not going to read the comments. So, maybe this has already been addressed. I understand the concern about an economic collapse due to the "cure". On the other hand, if we lose 100,000 -250,000 U.S. people due to this virus or 2 million U.S. people, as a study by the Brits suggests could happen, what does that do to the economy?
