The deaths from poverty in a global depression will make the Coronavirus deaths look insignificant.
Because all the corporations will need a good "excuse" when all the layoffs worldwide begin. People being sent to work from home right now, have no idea what is coming. |
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Anyone else getting random unexpected CLIs on their CCs?
They trying to con me into spending more money or something?
My 2 biggest limit cards each got about 50% limit increases, just now, since last I checked them... For basically no reason..
2 different banks even..
It's like they are trying to get more money out there, and want me to do it for them..
When this covid shit first started I expected more of a credit crunch, limit decreases, but maybe with this fed rate dropping and money pumping, they will actually try to hand out more credit?
GF got a pretty big CLI too just the other day, from yet another bank..
3 banks.. Must be a coincidence?
No, not a coincidence. That's exactly what they want you to do. The banks only have liquidity problems in the repo and other high-risk markets. (In the states we can get 0% interest for 18 months CCs all day long no problem). With the Average Joe, it's inflation they want. They want Joe to spend more money, but they also know that Joe is broke and tapped out with debt. So they want Joe to spend either through direct helicopter money, and/or by raising his debt limit. Either way works for them.  |
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Revised: Trump is seeking $1,000 per head to plow into Bitcoin  Ur goddamn right that's what I'll be doing with it |
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Cue the helicopter money https://www.cnbc.com/2020/03/17/mnuchin-says-trump-administration-is-looking-to-get-cash-to-americans-immediately.htmlMarket economy?
Airlines spent 39 billions on buybacks, now looking for a handout of 50bil.
How about this: you did not have cash cushion (like AAPL, Berkshire, google, amazon, facebook), spent all your extra money on buybacks, then your equity goes bust, your stock is worth zero, bondholders get the planes, restructure. All money to help should be there to support the company, NOT the stock price.
^^^^ This |
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Guys, I want you to remember something...and remember it well.
It only took ~4 weeks for the U.S. to go from the sentiment of "greatest, strongest economy evar!", "fully recovered!", "stock market at ATH!", to frantically needing another Fed $1.5T BAILOUT that's actually larger than the one need during the 2008 Financial Crisis that nearly collapsed the world economy.
Does that really sound like things have recovered and the U.S. economy is strong? Does that sound like the U.S. has gotten things under control? That the U.S. isn't a zombie economy just like every other country in the world?
People need to get their heads out of their asses, and start buying Bitcoin, Gold, Silver, really ANYTHING deflationary instead of fkn toilet paper and Purell.
Because it won't be the coronavirus that kills them. It'll be the massive heart attack they have when the world economic reset comes, and 1 or 2 zeros get lopped off their entire fiat-measured net worth and they go bankrupt overnight.
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The one thing the public ISN'T talking about right now, because they are too distracted and bamboozled by bullshit: https://twitter.com/NorthmanTrader/status/1239604208292200449"How fragile must our financial system be that it requires zero rates, $700B in QE, $500B in repos not even 4 weeks from all time highs and still it is not enough?"
Yes, it *has* been that bad ever since the '08 financial crisis: A complete zombie economy hanging by a string. |
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Guys, check out silver price.  It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium. Would honestly love to own physical gold & silver, purely for the ‘being in awe’ , magpie, shiny, shiny type hypnosis of it but not at the expense of buying corn. It's cool to own some as a hedge, but I have way more invested in Bitcoin because I believe BTC will continue to outperform PM's as a store of value. |
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Bitcoin crashed because the wall street types dumped it to cover margin calls on their other crap. They are dumping everything to prop up their leveraged garbage. Bitcoin held up pretty well given the payouts it had to make.
Actually Bitcoiners should be thanking their stars that this isn't Nov/Dec 2017, and WS traders aren't invested/trading in this market as much as back then. Or this drop would be WAAAYY worse than it has been (think like a 98% retrace from $19K) |
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Guys, check out silver price. It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium. |
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Ok guys, that's it. I'm done with the WO for a few months.
There's enough overblown lunacy in the MSM over this coronavirus, I don't need to come here and read the same panicky bullshit (it's the fkn flu guys).
I'll probably log back in sometime in May or June when this whole thing has blown over.
And when it has, I'll surely raz the shit out of some of you hypochondriacs daily when I come back (you know who you are).
But then who will tell us that it's just the flu bro? Maybe good timing tho. Let's see how the absolute numbers compare when you come back. You're the first one I'll be razzing. Remember how you spent a few years arguing about the Bitcoin blocksize urgently needed to be raised? Remember that? You were DEAD wrong, Ibian. |
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Ok guys, that's it. I'm done with the WO for a few months.
There's enough overblown lunacy in the MSM over this coronavirus, I don't need to come here and read the same panicky bullshit (it's the fkn flu guys).
I'll probably log back in sometime in May or June when this whole thing has blown over.
And when it has, I'll surely raz the shit out of some of you hypochondriacs daily when I come back (you know who you are...the ones predicting hundreds of thousands or millions of people dead).
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Guys I have been telling you since weeks, but I will reiterate again. I will use Italian numbers, adjust downwards by the percentage you think it is correct because Italian population is old, Italians are not good at hospital or whatever reason you think it is correct, but the final reasoning do not change much: As of today: TOTAL INFECTED 17660
DEATHS 1266 7.17%
RECOVERED 1439
TOTAL POSITIVE 14955
HOSPITALISED 7426 50%
ICU 1328 9%
RECOVERED 1439
Here's the estimated worldwide numbers for the regular flu virus from October to today:  |
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PSA: If you get sick, do yourself a favor, unless you are absolutely dying, don't go to the doctor to get tested... 'cause how would you know that their 'tests' aren't completely rigged?  |
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I've held Bitcoin since 2013, that's gone through 1K, 3K, 7K, up to 19K, down to 7,6,4,3K, then back up to 13K, through 10K, and now back to 4K. True story.  |
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We now have friends whom have caught and recovered (not official tested), myself and my SO included. If that's accurate, it was a weak ass flu that takes you down for 2-3 days then low level energy for a few days, but a slow full recovery and if you've got any existing (respiratory for example) compromises, it'll hang out there until the immune system finally kicks which could take weeks (which was my case) 2 other friends also became sick, 40's and 50's during my stay on Phu Quy in January where I caught it from, they recovered within a week.
The friend who we suspect caught it in Milan, traveled to S.Africa before showing symptoms, he passed it on to another friend but not his SO, he's living a very healthy lifestyle but living with HIV and a cancer survivor in his early 60's. He recovered within a week.
My SO caught it early on, before the announcement in January, actually we believe she caught it in late November in S.Vietnam around many Chinese travelers. She's healthy without pre-existing compromises to the immunity system. She describes it as the strongest flu she's ever encountered and and felt like death. She ,early 40's recovered within 10 days with ginger tea.
I've been tracking known flu results of several others as well.
My hypothesis is that this is the fucking flu,
It's getting weaker and weaker as time moves on but contagion remains easy because this is a completely foreign strain.
Sorry, no factual proof as usual from me on ground 0 but this is the only virus I've seen in the wild this year and I move a fair bit so I believe its probable that I've already been exposed and have account of other experiences. As more personal accounts appear and recover, I expect the panic to subside significantly once people realize its not gonna kill them.
Funny thing is, my SO and I got hit with a Norovirus in the spring of last year, and we both had symptoms exactly as you described. Actually for one of us it started as out-of-the-blue vomiting. Then we were both laid up in bed for a 2-3 days, high fever and cough, low energy, felt like complete death. Then about 10-14 days to full recovery. So how is this 'coronavirus' any different from that? And it wasn't like entire countries were shutting down over it. I believe Torque is correct, Our overlords will absolutely blame the virus on the market movements and the FED's reaction to printing 1.5 trillion to prop it up longer. One must wonder if it was entirely engineered and timed, the virus, the panic, the markets, the money printing. Idunno Exactly. |
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I don’t want to see anybody moaning about not having enough BTC ever again. This is literally like buying free money.
Buy what you can afford to in the next day or two. Chances like this don’t come around offen.
There are a few major Bitcoin investors that have enough free cash to buy this market back up to $8K in literally a day. Or borrow it at 0%. |
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Italy has a 3.5% mortality rate with one of the best health systems in the world. It’s not the fucking flu.
I guess you personally confirmed all those "deaths", huh? Or did you read that in the NYT too? |
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Read the article I posted above from the NY times. This isn’t the flu.
When the Chinese say 80% of cases are “mild” they include pneumonia in “mild”. Mild does not mean having a scratchy throat. “Mild” means you do not require intubation.
It's the fucking flu, dude. Quit drinking the koolaid. It's the flu, and never in the history of the world has a flu bug required entire fucking nations to completely shut down everything. It's not the fucking plague. It's literally a flu bug that tons of people are recovering from. And it's just a cover for the market crash. Take the red pill: https://www.youtube.com/watch?v=VkVccr1lzMo |
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