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that society needs to calm the buck down?
Okay almost 3 months later. How do the riots and everything else that’s going on factor in this now?
I’m curious.
Exactly. I’m in agreement with 90% of what you just said. I think though, that while the stock market doesn’t have nearly as much of a “trickle down effect” in wealth when it’s high and doing well as right wingers say, I do think the converse is true, that when it does poorly, companies start laying more people off and the economy does fuck over the middle and lower classes a lot more than usual.
Oh, also, I don’t think the Republicans are completely honest about it. It’s obvious to people like us that they’re full of shit, so much so that it’s like they don’t even try to hide it. But if you talk to a republican redneck why he thinks that republicans have his back more than the Democrats (yes I know they both suck) he’ll often tell you that it’s trickle down economics where when the rich do well it passes the wealth down to everyone else, which is (mostly) a lie. Again, I think there is a difference between the theory that the stock market doing well helps people in a significant way vs. the stock market doing poorly and having a correlation with everyone being fucked over more than usual. It’s not causation, but it is generally correlation, which can still be helpful to understand during this time. You feel me?
That’s just my interpretation. I mean, feel free to disagree, but I just, ya know I’m just trying to warn people that this isn’t over and we all need to be extra responsible with our money because we don’t have nearly as much as the rich assholes who are screwing us, and we won’t even have this much in the coming years.
Edited
The stock market is but a glance at the wealthys feelings. Wealthy corporations and people are not going to suffer. That’s been pretty clear for a long time. It’s poor people and people in low income jobs that will take the brunt of a depression. Living you life irresponsibility taking on more debt than a person can manage. Living above a persons means is a recipe for disaster. It’s like people see the train wreck coming, but they just keep going full steam ahead. Foolishness and stupidity is what causes these instances. It’s also laughable to think people believe that either side of the political party, Democrat or republican is going to come save them. Democrats like to be the wolf in sheep’s clothing. They tell you lies and pump up the emotional response all the while they pass 1800+ page bills to sneakily make the wealthy more wealthy. The republicans are completely honest, forthright and out in your face about it. No lies or deceit there. Tax breaks for the wealthy and major corporations. Oh and multi billion dollar tax payer bail outs. Then a trickle feed of stimulus to the plebs to shut them up.
Edited
Okay so, I don’t fully understand it yet, but among other factors, it’s basically a liquidity thing. That combined with the stimulus and bailout money is driving this temporary recovery.
There was a few months of post-crash recovery before the real tanking and the roughly-decade long great depression set in, in which millions of people became or stayed unemployed, and many became homeless.
I know there are many things that are different here, and I know there’s a lot I don’t yet understand, but I think there are going to be a lot of parallels. You can’t have rampant runaway billionaires not paying their fair share of taxes for decades and not have it come to a head with years of economic damage as a a consequence. The coronavirus is just gonna turn a 5 foot hole into a 20 foot hole.
I’m no expert, so someone who is can please correct me if I’m wrong about any of this or oversimplifying things, but it’s just how I see it.
Buffet indicator’s been crazy for years.
Edited
Hahaha yeah. Seriously, the Buffet Indicator (Total stock market value divided by GDP) has been off the charts for a good couple years now. IRL, I’ve been quietly mentioning us being in a bubble and the economy not being nearly as good as people think for years now. You can’t blame everything that’s going on now on Covid-19. I’d say it’s going to exascerbate what was going to happen anyway by several times… But we were having petrodollar problems in early January before the coronavirus was anything more than a blip on the radar. Honestly, I can’t believe the stock market is still rebounding. There’s no fricking way this rebound is sustainable. The growth we had leading up to this point was the antithesis of sustainable. The economy is going to tank a lot more than it already has. There are reasons my pantry looked like a scene from Cloverfield before the pandemic, let alone now.
Edited
Well currently its coronavirus they are blaming everything on.
They literally blame cancer on everything
If a spider bites you, then you must dance to cure the venom!
I remember back when more advanced cellphones came out, there used to be all kinds of rumors that they “give people cancer/tumors,” and people were afraid to use them. Nowadays, people spend hours watching Youtube, or trying to unlock all the “Sonic Dash” characters on their phones. (Guilty here.)
Edited
pretty sure it was proven that phone signals do not do harm
@Beau Skunky
it’s like these people are time Travellers from the Middle Ages
This.
Ignorance can be a dangerous thing too, probably more then 5G.
Some people actually thought drinking Bleech, (a deadly liquid) would cure them of COVID19… I think I’d be more concerned about that then 5G.
Well the scientists I heard about said it has fewer risks than the previous generations of networking. Dihydrogen monoxide is a toxic chemical if it builds up too much in your body. But it’s in our food, and it’s in our bodies, and the government doesn’t seem to care about trying to stop it. Sounds pretty scary doesn’t it?
You can make anything sound scary if you don’t have the proper context. A few scientists warning about the dangers of 5G is like a few scientists warning that you can drink too much water and get organ damage if you don’t relieve yourself quickly enough afterwards. Have some scientists warned about it? Yes. Does it matter and it is it relevant to the vast majority of the public? No. By stating that scientists have warned about 5G, you’ve stated a non-sequitur masquerading as an argument.
What conspiracy theorists have essentially done is found a few things that sound pretty damning if you don’t have the proper context and expertise to fully understand them. They don’t try to learn enough about networking. They don’t try to learn about the proximities and extended periods of time you would have to be exposed to microwave radiation at the levels and distances that are used in 5G masts to suffer health consequences. They don’t try to learn enough to realize that there is more they still need to know. It’s classic Dunning-Kreuger.
Edited
[Citation needed]
Not to put too fine a point on it, the “G” stands for “generation”. Things like 2G, 3G, 4G and 5G (there’s more, like 3.5G, but you get the picture so let’s not go into those brambles) are just the major cell phone communication standards, 5G being the newest one so far. Aaaand that’s pretty much it - it’s just the same old, simply with some new software, hardware and radio frequencies in use to make data flow faster and smoother (lower pings) between your phone (or whatever else you connect) and the towers. The hope is that once 5G is rolled out properly it will be a similar massive jump as when we got LTE (which is what people know 4G as and which enabled serious mobile internet usage), but ehhhhh, we’ll see.
It’s good to see that Poe’s law is in effect.
Phone network
People were even burning gas masks and stuff with 5g radios built in. So something that literally would protect you from the virus, is something that people were burning. Covidiots are unreal.
Edited
No, this was just supposed to be a silly joke.