Iâm not so optimistic. The future economy is;
- Farmers,
- metal workers,
- farm tool equipment producers,
- ammo / weapons producers &
- mechanics.
On the way out are doctors, lawyers, teachers and office workers. Buckle up. This ends no time soon.
1 Like
The way you frame isnât actually bad, itâs probably a good thing. Itâs reshuffling the deck sort of speak. Lawyers? How useful are them? Teachers? They come back. Doctors are currently on the front line.
Moodyâs Says 30% of the Economy is Already Gone
This is cute.
RT:
As stay-at-home orders to battle the coronavirus are effective in most states, the virus-related restrictions have already shed 29 percent of US daily output, Moodyâs Analytics warns as cited by the Wall Street Journal.
The full scale of economic disaster stemming from almost countrywide closures of businesses in various industries â from entertainment to retail â will not be seen for years. However, the first estimates have already started to emerge, and the picture is quite gloomy.
According to Moodyâs study, which was carried when 41 states shut down non-essential businesses, California alone lost $2.8 billion a day, equivalent of more than 31.5 percent of the stateâs daily gross domestic product (GDP).
The drop of output in 15 other states, responsible for almost 70 percent of all the US daily GDP, is $12.5 billion, while 30 other states together with Washington DC are losing a total of $4.9 billion of GDP per day.
The economic fallout (in terms of output drop) of the coronavirus crisis has already turned worse that the consequences of the 9/11 terrorist attacks, according to the agencyâs data. As the result of three weeks of government-imposed closures, US output tumbled by around $350 billion, while the attacks had cut it by an estimated $111 billion in current dollars.
âItâs like if Indiana disappeared for an entire year,â the chief economist of Moodyâs Analytics, Mark Zandi, told the WSJ. âThis is a natural disaster. Thereâs nothing in the Great Depression that is analogous to what weâre experiencing now.â
This is not only not comparable to the Great Depression, it is not comparable to anything that has ever happened in any country at any time in history.
Iâm sure itâs a lot worse than 30% already.
But what youâre looking at is 70% of the economy disappearing. There is just no way to even explain how bad this is going to be. Everyone who does not have an essential job is going to lose their job.
You see, it was the brilliant idea of someone (â â â â â to design Americaâs economy around people selling each other things.
The thing is, if Joey doesnât have money to buy his comic books, then Timmy loses his job at the comic book store (and the entire comic book industry and everyone that works in it loses their job). Then Timmy doesnât have money to buy Nike tracksuits, and Jimmy loses his job selling Nike tracksuits (and everyone who works in the non-essential and fashion-oriented clothing industry loses their job). Then Jimmy doesnât have money to go to the movies, and Billy loses his job at the movie theater (and everyone in Hollywood loses their job).
This means that the entire machine of the US economy collapses, pretty much completely.
People who work in medicine will still have jobs. But only people who work in essential jobs. The people who work in plastic surgery, or injecting trannies, will not have jobs. People who work maintaining infrastructure will have jobs. A small portion of truck drivers will have jobs. I donât know what percentage of them deliver food, but I assume it is a small percentage, and everyone else is getting fired.
We are entering into a hell type scenario.
You just canât even possibly imagine how bad it is going to be. In fact, no one can. It is going to be much worse than the situation in any third world country, because they already have everything set up to run the way it should run in a place with no money. Weâre going to have to figure out how to adapt to having no money.
Again, I must say, there is going to be no solution to this other than starting a massive war. I donât really understand how it will be possible to start a massive war, given that we do not have any manufacturing capacity. Because not only do we not have manufacturing capacity, we donât have the capacity to develop a manufacturing capacity, because all of the machines that you would use to build factories and to build the machines in factories are all in China.
I am pretty confident that China will just assume that Americaâs solution to this crisis will be to build up a war machine to use against them, so I donât think theyâre going to provide America with the machinery it needs to build such a war machine.
Like, I mean â what is even the extent of our ability to mine and process raw materials?
If we tried to build a manufacturing industry without the aid of China, we would basically have to start from the stone age.
What we do have is a massive military, so I guess the US Government could just immediately declare war on China by blaming them for this flu and then send in an invasion team.
But then⊠man, I donât know.
I literally do not know.
No one knows.
The most frustrating part is that no one is even talking about it. Everywhere I go on the internet, it is just a bunch of hysterical dumbasses talking about how this virus â which is literally just the flu â is going to kill millions. Theyâre still saying that.
/pol/ keeps saying that âeconomic collapseâ only means boomer stocks.
âWork,â theyâre saying. I literally canât even.
The only large group of people that isnât pushing this retarded gibberish are some of the Magapede conservatives, and theyâre too simple to even think about what is going to happen when this is over.
Itâs really frustrating and lonely to be the only person saying âthis is all a hoax, and we need to start figuring out what is going to happen when the hysteria fadesâŠâ
2 Likes
They want us, the non-elite, to starve.
Here are some interesting factsâŠ
- The 2019 food harvest was terrible
- Trump cannot be defeated in 2020
- World population has become unmanageable (Hong Kong protest, France yellow vest, Spain protest and others)
- Too many uneducated and unproductive people to care for. The welfare system is buckling under the stress - ie: homeless, refugees, economic migrants
- The middle east cannot be controlled from the west.
Solution:
- Panic the world with a virus
- End constitutional rights
- Kill off the unproductive and unwanted people (starve them, make them fight each other)
- Start a war for food with countries that are competitors for resources where you can kill off the ones that did not starve.
- Reform society and government so that a dictatorial elite calls the shots.
- Rewrite history
- Promote the âNew Normalâ
3 Likes
You know the Democrats are being completely disingenuous because if they really wanted to âprotect workersâ, they would have immediately proposed to split the bailout bill into two separate bills: one to give money to the regular people, and one to give money to corporations. Everybody pretty much agrees on the former, so the bill would have been passed immediately. Then they could hash out the details of the corporate and financial bailouts separately. But obviously doing it that way would help Trump, so no go.
Of course, you could then ask why the Republicans arenât making this move to put the Democrats on the spot. But of course, AIPAC, corporate interests, and chamber-of-commerce-types who own the Republicans will forbid that because they want to hold the common manâs welfare hostage to ensure they get their money first. They have to do it that way because giving hedge funds, banks, and corporations massive amounts of free money is extremely unpopular with the voters.
This is why our dumbocracy is doomed.
Yeah, and for the past 40 years they have trained people that âpartisanshipâ is something only Republicans can do.
All it would take is âthe shooting of an unarmed black manâ anywhere in the country, for shit to break loose all over the country. [Never mind that said âunarmed black manâ was trying to run down a cop with a car or engaging in a home invasion].
Or some sort of scarcity. The only scarcity weâve experienced so far is TP, which is really not scarce, only hoarded.
Things will be back much sooner than predicted.
Cities are experiencing tax starvation. Sales tax collections are way way down.
Yes they will reopen things based on taxes.
But what youâre looking at is 70% of the economy disappearing.
NoâŠthat is not what it saysâŠ
Putting this in the Economic Thread because it has to do with money.
Trump is going to take a look at and put hold on funding to WHO.
Clearly, they messed up and are in Chinaâs pocket.
Good for Trump!
Will the issue of the UN admitting China to the Human rights council be impetus to cut funding to them too? That to me was a pretty egregious move considering Chinaâs recent human rights violations.
IDK⊠watch and wait. 
Is it exactly dollar for dollar? No. Is it in the same ballpark? Yes.
Not from that dataâŠ
But if you work the math itâs about 37%
The Chinese are really this greedy?
1 Like
1 Like
