To combat the virus by spending
- Duncan
- Sir Duncan
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Re: To combat the virus by spending
glennb6 wrote: ↑Sat May 23, 2020 9:03 amwell seeing as I posted about Thailand, from Thailand as an expat, in the Thailand news and discussion forum Jay, what I said IS about Thailand borrowing 1 trillion baht for the sake of only 56 people dead and 99.94% totally unaffected, but I'm repeating myself.jaynewcastle wrote: ↑Sat May 23, 2020 2:59 am I think you may have to look at the bigger global picture to actually have a clue to be honest, ie over 5 million people infected and over 300000 people dead so far
Global tourism halted in its tracks, hundreds of thousands of business around the world closing & hundreds of millions of people losing their jobs
Its not just about apparently only "56" people dead in Thailand
If you wish to review the ussa and trillions of dollars being conjured up and spent vs 0.03% fatalities (of or WITH CV) and and only 0.5% infected... with half the deaths being very old people in nursing homes (which statistically have a 6 month expectancy after admittance to NH) many with one or more co-morbidities, and the US CDC document pushing docs/hospitals to check the "died of/with CV" box on death cert with the reward of 19 or 39 thousand dollars each death. And, the fact that the top 7 states ranked by CV deaths are heavily democratic/socialist/commie governed which account for 64% of CV deaths (it's a huge money grab). There's a lot more supporting evidence of this scam being run in the ussa, but I'm ranting already.
Point is, where's all this money going to come from??? It's not sitting in govt accounts just waiting to be spent, it's going to come from higher taxes and inflating the money supply, and selling bonds (which have significant interest coupons) that the taxpayers will have to pay for.
Someone,,, and it's not me or you,, has a machine that prints money and it is probably working 24/7 right now.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Re: To combat the virus by spending
One poor decision begets another and then another. Money purchasing power will be going down at an accelerating rate as governments print themselves out of the mess they created. A good account of what happens at the final stages is given in the book “When Money Dies“ about Germany of the 1920s, recommended read to those who never lived in countries with fast depreciating currencies in modern times. Time to buy hard assets was yesterday but today is not too late either.
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