• $5 TRILLION IN DEBT PER YEAR, AND A FORBEARANCE - ONLY WAY TO STOP COVI

    From Intelligent Party@21:1/5 to All on Thu Jul 2 22:56:31 2020
    XPost: fl.politics, houston.politics, tx.politics
    XPost: az.politics, alt.abortion

    The stimulus payments should come in the form of Bonds or T-Bills, so that those
    who don't spend them, will hold Bonds or T-Bills, and not inflate the currency.

    $1,250 per month to every man, woman, and child.


    COVID WILL KEEP COMING AND COMING, right back after you open, in a matter of weeks
    or months. This is a TRUE FACT. It is not disputable. It is not going away, it
    is not gone, it will infect 1/2 our population potentially by the end of January.

    People cannot stay at home from work, without money from the government.

    You cannot consider yourself a success without eradication, cause it can come right back, and you cannot consider COVID eradicated without at least 30-45 days
    of no new cases.

    As soon as one new guy gets off a plane with it BAM! We could have it spreading
    again!


    Temperance could also buy us time until there's a vaccine or a cure.

    What about infecting people with a very very light dose of COVID purposefully, to
    test that, to see if they don't get sick, or very sick, and yet develop antibodies?



    Hardship, and the need for socialism become all the more acute during a crisis. The government must respond, if it is to call us "united."

    "On May 14, 2020 Bright testified before the Health Subcommittee of the House Committee on Energy and Commerce. In a written statement issued the day before, he
    warned that 2020 could be "the darkest winter in modern history" if the country does not undertake a vigorous response to fight the virus. "Our window of opportunity is closing. If we fail to develop a national coordinated response, based in science, I fear the pandemic will get far worse and be prolonged, causing
    unprecedented illness and fatalities," he said." https://www.youtube.com/watch?v=9NDnc8YY674


    Personally, I predict 1,000,000 - 2,000,000 new cases daily December-February, if
    nothing is done, topping out in January. Then herd immunity may take over, and within 10 months - 1 year it could all be over.

    Other countries have rather beat it in their own ways... only for the moment.

    We can stay at home, and move everything online, and temper it until there's a vaccine, which may come in 5 months or 5 years, or never.

    Are you betting on never, and immediate infection is the fastest way to get our country over it? No, no one is, no, you're not. There's been no such mandate, ever. There's been "stay-at-home" orders at gunpoint which respect only our First
    Amendment rights, while implying the Government owns all other "privileges," while
    it should be threat enough that COVID would kill you, they don't need a gun threat.

    "The Spanish flu, also known as the 1918 flu pandemic, was an unusually deadly influenza pandemic caused by the H1N1 influenza A virus. Lasting February 1918 to
    April 1920, it infected 500 million people–about a third of the world's population
    at the time–in four successive waves. The death toll may have been anything from
    17 million to 50 million, and possibly as high as 100 million, making it one of the deadliest pandemics in human history.
    The first observations of illness and mortality were documented in the United States..." https://en.wikipedia.org/wiki/Spanish_flu

    According to Wikipedia, the Spanish Flu had a Basic Reproduction Ro Number of 1.4-2.8. The Basic Ro Number of COVID is 5.7. This is not a disease that won't
    spread, without stay-at-home. https://en.wikipedia.org/wiki/Basic_reproduction_number



    As to the Forbearance; No one is going to re-rent out Shopping Malls, Strip Malls,
    nor Movie Theaters, if tenants are evicted because they don't have revenues or patrons, whether an "order" is in place or not. Shopping Mall Owners will subsequently default on their debt to the Bank, and the Bank will gain nothing either.

    These homes in the ghetto of Detroit Michigan, for instance, were built in 1929,
    and defaulted on in 2008, during the mortgage crisis. They were worth $40,000 then. They are worth $1,400 now, or $1/sqft: The Bank now owns land worth approximately $10,000/acre, less than 1/10 acre plots = $1,000 a parcel for the land, or so. The houses have fallen into disrepair and apparently need to be demolished:

    https://www.youtube.com/watch?v=kfRnbILk3XE

    https://tinyurl.com/zillowhomesdetroit

    https://www.google.com/maps/@42.432533,-83.0214158,3a,75y,320.02h,91.81t/data=!3m6!1e1!3m4!1sw3UhmUgu6Tkngk9myvEBHw!2e0!7i16384!8i8192

    This one shows a current tax assessment of $700. If you check the Price and Tax
    History and "See complete tax history," it says it sold in 1998 for $19,000: https://www.zillow.com/homedetails/8127-E-Hollywood-St-Detroit-MI-48234/88362668_zpid/

    This one has a Zestimate of $1,387, and sold in 2004 for $65,000: https://www.zillow.com/homedetails/8233-E-Hollywood-St-Detroit-MI-48234/88118541_zpid/

    The homes are for sale at auction. There are lots of homes of every price for sale at auctions. I guess they weren't successfully auctioned during a recession.
    Without upkeep, they've apparently fallen to pieces. The Bank could still own a
    debt against more valuable homes.

    I haven't been to Detroit.

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