Bitcoin Forum
May 10, 2024, 07:33:34 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: US economy wouldn't be shut down again despite the rising case count  (Read 825 times)
Wexnident
Hero Member
*****
Offline Offline

Activity: 2520
Merit: 665


I don't take loans, ask for sig if I ever do.


View Profile
June 15, 2020, 07:10:08 AM
 #41

I honestly would just pray for the US citizens right now and hope that Trump actually makes a move worthy enough for the title of President. You can basically describe the position of the government as stuck between a rock and a hard place, and continuing, the government instead of trying to get out, is actually just making it basically worse for them by making themselves more and more stuck in there. It's like a juggling act where they're forced to use one hand cause they tied the other hand up themselves.

I don't think this is a question of protests, racism, and police brutality.  Those things won't cause a shutdown, but serious health risks like COVID-19 already did cause one and certainly could again.  Imagine if the mortality rate of the virus was higher and people were absolutely terrified of physical contact with each other.  Imagine if the government had to force people to go back to work.  We'd be in some serious shit at that point, and IMO we lucked out with the coronavirus because it could have been much, much worse.
If the virus was actually worse than it is right now, I doubt governments of various countries would have allowed it to spread this badly. But sadly, it wasn't, and that was probably the point that allowed it to spread this wide. They probably thought they could curb it easily, considering how it is transmitted.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|
██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄
▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██
||.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI
|
1715326414
Hero Member
*
Offline Offline

Posts: 1715326414

View Profile Personal Message (Offline)

Ignore
1715326414
Reply with quote  #2

1715326414
Report to moderator
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715326414
Hero Member
*
Offline Offline

Posts: 1715326414

View Profile Personal Message (Offline)

Ignore
1715326414
Reply with quote  #2

1715326414
Report to moderator
exstasie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1521


View Profile
June 16, 2020, 10:43:33 AM
Merited by Darkoth89 (1)
 #42

I actually think that Oct the true second wave of virus will hit and be worse then the first wave.
I see 2-3 million dead world wide by new years.

Rather grim. I don't disagree. The experience of the Spanish Flu (where the second wave was much deadlier than the first) seems to apply here. Everybody is sort of acting like the pandemic is over even as the data tells the opposite.

Here in Germany we have something called 'Kurzarbeitergeld' where the government basically pays (a part) of the salary so that the employer doesn't have to fire his employees. In May 7.3 million employees received this Kurzarbeitergeld. What will happen with them when the government won't pay their salaray anymore?!

Payrolls in the US have been maintained through a similar program of forgivable loans to eligible companies. Funds for that program are about to run out, and the extended unemployment benefits passed in March are set to expire next month. It'll be interesting to see what happens since Senate Republicans don't want to renew that unemployment provision and generally want to phase out earlier stimulus benefits.

bearexin
Full Member
***
Offline Offline

Activity: 1162
Merit: 168


View Profile
June 16, 2020, 02:47:28 PM
 #43

It’s getting difficult. You can’t be in your house doing nothing, even if you Netflix and do all those things they tell you to do you will eventually get bored, no matter what. People will want to go out, being indoors is becoming really annoying for them. Do you know the most annoying thing? We are staying in our houses to stop the Coronavirus, but the cases are not even going down, you check online and the numbers are still counting and that includes the number of people that dying. This is nonsense, it’s best we go back to work than stay hungry and die out of hunger. Doesn’t make any sense Roll Eyes.

In my country also government is slowly lifting out the restrictions on lockdown. There is lockdown is on force but we can do some more things other than going for shops and hospitals. Industry and vehicles are allowed to operate which might get chances for people to earn rather than starving.
Nhor1011
Member
**
Offline Offline

Activity: 994
Merit: 11

Daxetoken.net


View Profile
June 16, 2020, 03:36:35 PM
 #44

Community quarantine is a torture to everyone because you can't go out if you wan't ,you can't buy what you want and you can't go to work or school because you need to follow the government "Stay at Home" for the sake of the people. US economy is stronger than this covid-19 virus but if the US government or even the other country remove quarantine and allow people to go out to buy or to work,i think it become more worst for the virus to spread unceasing.
Even the government impose another law to follow just minimize the virus spreading,it could be difficult because people always needs foods and other necessities which i think government can't supply for a long period of time if pandemic can't be stopped.
People are literally hard headed which always find a way to do what they want despite of government law.
So,i think much better if Government will allow even one person per family to work in order to survive and provide their needs.
In my country,there is a financial assistance from the government and to give to the poorest of the poor but sadly not all who's in need received it. IMO, instead of financial aid,much better for the government to supply foods and other necessities rather than a cash,so that they will not argue to the government and forced to go out to work. If people has their needs i think they will follow the Stay at home and we can control the spread of the virus.

Darkoth89
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 646


View Profile
June 16, 2020, 04:09:49 PM
 #45

Here in Germany we have something called 'Kurzarbeitergeld' where the government basically pays (a part) of the salary so that the employer doesn't have to fire his employees. In May 7.3 million employees received this Kurzarbeitergeld. What will happen with them when the government won't pay their salaray anymore?!

Payrolls in the US have been maintained through a similar program of forgivable loans to eligible companies. Funds for that program are about to run out, and the extended unemployment benefits passed in March are set to expire next month. It'll be interesting to see what happens since Senate Republicans don't want to renew that unemployment provision and generally want to phase out earlier stimulus benefits.

Had no idea that the US had something similar to this but I must admit I wasn't following the situation in the United States very closely. With this in mind, headlines like 'Unemployment rose higher in three months of COVID-19 than it did in two years of the Great Recession' (Source) even look more worrisome. And that the umemployment rate, against all expectations, dropped in May is already confirmed to be just an calculation error (https://www.washingtonpost.com/business/2020/06/10/unemployment-error-fix/).

As you said, it will be now crucial how the government decides to go on with the unemployment provision. If they don't renew it and the lockdown restrictions still have to stay in place, there'll be even more employees getting layed off I am afraid.
shield132
Hero Member
*****
Offline Offline

Activity: 2212
Merit: 854



View Profile
June 16, 2020, 05:41:32 PM
 #46

Without doubt, they shouldn't shut down economy. Did it had any benefit? Why no one is looking for adverse effect that this economic shut down gave to us? Nowadays it's very hard to get blood for transfusion for those who really need it. A lot of people had lost their jobs and in overall life of quality is decreasing because of fall in economics and I want to mention again that your health and wellbeing depends on economic situation too, they are linked on each other so saying that why do I need good economy if I die because of corona virus, then I want to remind you what I said above + you can build immunity to COVID-19, not to hunger.

So it doesn't worth to shut down US economy again, in any way it's not a deal and majority of people won't be able to handle it and on long term this pause will bring us a bad future.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
PavelMed
Full Member
***
Offline Offline

Activity: 560
Merit: 106


View Profile WWW
June 17, 2020, 09:57:24 AM
 #47

Without doubt, they shouldn't shut down economy. Did it had any benefit? Why no one is looking for adverse effect that this economic shut down gave to us? Nowadays it's very hard to get blood for transfusion for those who really need it. A lot of people had lost their jobs and in overall life of quality is decreasing because of fall in economics and I want to mention again that your health and wellbeing depends on economic situation too, they are linked on each other so saying that why do I need good economy if I die because of corona virus, then I want to remind you what I said above + you can build immunity to COVID-19, not to hunger.

So it doesn't worth to shut down US economy again, in any way it's not a deal and majority of people won't be able to handle it and on long term this pause will bring us a bad future.
Do not close the economy. This will only lead to more decline in the economy. And people will be sick. I think that the authorities understand the complexity of the situation, and what decision they did not make (leave quarantine or leave it), everyone will condemn their action.

▶▶  BTCitcoin 2  ◀◀    Scalable Bitcoin Fork with instant verified payments
██████████████████████████████
Low Fees! Truly Anonymous Transactions Join the discussion thread
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!