Message from @Sq crcl
Discord ID: 691744978287722546
I have to work on keeping my car a green zone as well since I work out of it.
But this means to me, and I could be totally misunderstanding it so correct me if I'm wrong that in effect they are only delaying and intensifying a *no-gear extended, engines on fire landing* instead of taking the major brunt of the negative consequences of the accumulated bad decisions since 1928... @Comando
@Sq crcl Yes. <:smugon:512048583806025739> prepare depression.
What's more than a depression? Sublimation?
I know some companies will never come back already
@Sq crcl <:Communist:462285823824494592> <:Commie_Corbyn:462286635166334986> <:pepelaugh:544857300179877898>
@Sq crcl pretty much. Imagine climbing up an unstable chinese tier bamboo ladder, and every time you realize something is going wrong you climb up a few dozen more rungs so the fall is that much worse when (not if) it comes crashing down.
"chinese tier bamboo ladder" what is this an RPG? @AdamBv1
Yes
Oblivion - Corona DLC
http://virological.org/t/first-african-sars-cov-2-genome-sequence-from-nigerian-covid-19-case/421 it is tiem for africa <:smugon:512048583806025739>
I was gonna say fallout but anything Bethesda with goofy physics works I guess.
http://virological.org/t/response-to-on-the-origin-and-continuing-evolution-of-sars-cov-2/418/12 they are still shittalking each other <:pepelaugh:544857300179877898> hahaha
20% AIDS indemic in the population
http://virological.org/t/sars-cov-2-samples-from-same-early-covid-19-patients-were-sequenced-repeatedly-with-errors-distorting-phylogenetic-trees/434 just gonna post this also from my fav place to lurk,
TL;DR all that praise for the chineese genome. Nah not really good sequencing from the chinese.
@Sq crcl Not 1928, but 2008. Basically we solved the 1928 problem accidentally via Keynesian Government spending, and squeezing away the debt via war bonds.
But otherwise entirely correct. We're just delaying the crisis.
Ah, I see. Gotcha
So food for now
Hard assets and precious metals for later, maybe just maybe crypto too
Since crypto dropped so much I bought a bit myself just because.
Not gonna lie I was hoping it would tank again today like last Monday.
Wait, I thought there was the Brexit 'war-chest' https://uk.finance.yahoo.com/news/coronavirus-covid-19-uk-supermarket-shortages-accidental-stockpilers-kantar-171734990.html
Still waiting for shitcoin to get back to 1k <:smugon:512048583806025739>
why invest in crypto like a spaz in a pandemic?
@AdamBv1
The reason why I've been worried going all in on crypto is because I am a fearful individual, fearful of the government regulating it (it already does in Poland for example) and now with the push for the practical abolishing of public encryption... I don't think it's as safe as it used to be. Definitely don't feel (yes, feel ik) it'll be a stable storage of value.
Oh I'm hardly going all in, tossing a few sheckels that way that I can afford to lose but since I had some cash I figured it was a possible opportunity.
I'm also playing the long game.
Tossing extra withholding into my 401k too.
Ofc, I didn't mean it that way exactly. Going all in rather meant making serious investments. Sorry.
I'm still treating it more as a novelty, somewhat hard to take it seriously yet.
But slightly easier to get into for me than prescious metals since I have basically know knowledge of that market or how to break in.
And that's reasonable since no government has made any serious moves in legitimising it really.
Currently hearing that buying gold or silver is nearly impossible right now anyways.
I've just started a couple moths ago <:why:462286147473637407>
Yes. it's true
Be very careful if you see it otherwise
The sharks are multiplying
Coronavirus: PM announcing strict new curbs on life in UK https://www.bbc.co.uk/news/uk-52012432
Hope it's enough, it's certainly too late.
@Sq crcl If you want a name to tag to the current problem then the best is Debt Deflation.
Summary, when banks create a loan, they create money, due to fractional reserve lending. However, banks create larger obligations to repay. This means that if Credit creation EVER goes negative then money becomes in short supply because people need that money to repay debt, rather than spend it in the economy. This further slows the economy, and boom, 2008.
Thanks, makes it easier for me to understand.
I chose sublimation because there's a skip of a state. It seems to me in this scenario some actors in the economy won't even have time to see their value deflate but rather they'll be straight knocked out. (still reading, digesting)
It also seems 'unfair' to 'help' in such manner. How can anyone sanely expect a capped market to suddenly produce more value than what they're capable of and on top of that expect them to have trust in futures afterwards. I really don't get it. But also, economy isn't my strongest suite.