Job Losses Spike, 1/3 Can't Pay Rent, Depression Imminent

There is that, and also the political Left is still DEMANDING that states remain economically shut down for just so that they can blame Trump for the economic impact that . . . they . . . caused.

 

Those are cute buzz words kids on campus say. Be a little more adult, please.

 

That certainly explains the slavery level sweat shops cultivated by the COMMUNIST Chinese. That explains the same thing in the former Soviet empire and the literal leftist crap hole that became Venezuela . . . and the Marxist feces pit called . . . Cuba.

 

Yep and the continuing demand for a $15 an hour minimum wage even though it has proven to fail every time.

 

Is Arizona a Democrat state??Is Texas a Democrat state ?? Is Florida A Democrat state ?? Is Georgia a Democrat State ?? Some of the states where Covid is rampant.

 

Employers make more money when labor costs are low and workers aren't unionizing or asking for better pay and benefits.

 

The only way a business can stay in business is to keep costs low. Common sense and basic economics.

 

It's the end result of decades of leftist control of the educational system. They really do think that economics is just words on paper, and really means nothing. That's why they can actually push and promote socialism as better than capitalism; because their sodding leftist controlled education in public school is a freaking damn joke.

 

None of them have ever owned a business. It's easy for a tenured professor to think like this when he is protected

 

That's why the problem is the hierarchical business model. It needs to be democratized.

 

Really? Costs should be high? How would the company stay in business if it pays out in costs more than it takes in?

 

Absolute nonsense. Neither 'socialism' nor 'capitalism' will produce an economy that works for all, if the fundamentals of the economy are corrupt. As Krystal Ball explains brilliantly here:

 

Sigh . . . if you want to remain a super power then you have to embrace capitalism. You can flirt here and there with the occasional socialitc program, but there comes a point past which you have to give up being a super power because a socialistic economy will not support one. Thus . . . endeth the fundamental lesson in economics.

 

Oh yes they do. Particularly amongst young people in larger metropolitan centres.

 

Let's hope they work with that $18k, instead of against it.

 

You didn't watch the video. That's why you completely ignored the problem of our corrupt neoliberal system.

Hint: China does "embrace capitalism" but it is funded by the state, not self-interested private financiers and banksters, but that is another story which you can read here:

https://ellenbrown.com/2019/06/14/the-american-dream-is-alive-and-well-in-china/

Now watch the video, if you want to progress past the phony capitalist v. socialist debate.

 

Sure, but that minimum wage can be torqued into capital by anyone who wants it badly enough - which removes the 'servile' part.

 

So be an employer.

 

Yes the word is gold is going to go to $5000/ounce. Did you hear about China's fake gold scandal?

I have been looking at gold/silver & bitcoin, historically it has always been gold & silver people return to when fiat currency fail. What is interesting to me is the free market characteristics of crypto, as well as the tech savvy generations that will go through this depression. It is as if the youngsters (my teens & their peers) trust crypto far more than currency..and are not familiar with precious metals, likely they prefer it for the anonymity & ease of use aspect more than the fact bankers & government are not involved. I can't help thinking it will play an important role moving forward. There is also no point in government or bankers producing their own crypto (like Pelosi wants to)... no one will trust them, certainly I wouldn't touch it. Either way, what I also noticed in South Africa, where whites were fired because they were white and their jobs given to blacks, they used crypto trading to carve out a living... it is a way to earn income if you know how, where gold & silver are mainly long term investments & not subject to price fluctuations that create the opportunities.

 

So what is your solution?

 

Corporatism has been selling us out with excessive foreign outsourcing and excessive foreign imports.... time to create some speed limits for the Corps

 

And what of those without employment, eg, those on poverty level unemployment benefits eg, the old 'newstart'?

Meanwhile the current neoliberal system - which mandates a level of unemployment (posited by the NAIRU) - is creating a handful of individuals with as much wealth as entire countries, while millions starve as this pandemic ravages economies and lives.

A corrupt system brilliantly exposed by Krystal:

Now there's a profound insight (if ever I saw one) which many people will be able to run with, in the current pandemic....

 

Raise taxes on all imported goods.

As a bonus, we can then offer to lower them as a diplomatic bargaining chip. 100% tax if you use slave labor, 50% tax if you agree to X minimum wage, 25% tax if we can co-oversee your elections and find them to be democratic, etc. We could leverage our wealthy consumer class as both revenue and a diplomatic resource, and it would all be completely voluntary.

 

MMT.

Sovereign currency-issuing governments can issue debt-free money, the constraint for such governments being the nation's available resources and productive capacity, NOT money.

[Our current corrupt neoliberal system confines money creation to the private sector, funded by corrupt private financiers and banksters (plus taxes); whereas public sector wealth creation, eg via public education and public infrastructure, ought to be funded directly by the public sector (ie the 'state'), consistent with the sentence above].

Are you ready to learn?

http://www.politicalforum.com/index.php?threads/mmt-overcoming-the-political-divide.569365/