[rustyp]

Originally Posted by ffresh

You can pray all that you want but it won't help a bit. Pumping all of that fiat currency, aka "funny money" into the US economy is going to result in only one thing and that is horrendous inflation, possibly hyper-inflation; it's Econ 101. There's no getting around it. Welcome to 2008 Zimbabwe, 1921 Weimar republic of Germany, 2018 Venezuela. That is the aspect of this Covid debacle that many people are either ignoring or, more likely, don't understand. Many of these folks think there are no ramifications and all we have to do is "stay indoors". Others realize that the US economy cannot possibly survive, in a form we have come to know, after so many businesses will have closed, permanently, due to this travesty. Wait until much of this "printed out of thin air" currency, eventually, enters the marketplace and shoppers witness the price of a gallon of milk, a loaf of bread, a gallon of gas, etc., then there will be some enlightenment and a day of reckoning for shutting down most of the economy, while the Federal Reserve floods it with trillions of dollars of "funny money". Those on fixed incomes and the younger families with "mouths to feed" will suffer heavily as the purchasing power of the dollar is destroyed irreconcilably! Good luck to us all

Fred

Right on. You can not believe how many people believe simply print more money. We are this far in debt what's another couple trillion is their attitude. Do these people realize if and when we get to the other side of this pandemic there will be economic casualties. It will be measured in unemployment. There are going to be many companies that can't survive this. Hopefully someone else picks up the slack and creates new businesses or add to theirs (another evil I see coming but that's a different subject of "driving out the middle class"). However this will take time. Don't believe for a New York minute it is going to be like turning a light switch back on. This increase in unemployment equals less tax revenue for the government which is already running a yearly deficit game which projections were based upon tax revenue of the best economy in the world. To make matters worse when people realize flipping the switch isn't going to turn the lights back on to full brilliance the stock market will have a double bottom which will add to loss of revenue for the government. Thus a very good question how are we going to pay for this ? How long will it take ?