2008 Global financial crisis VS Covid19: Which is worse?

yes, they can keep printing and give out money. MMT is correct, if people need the money the fed will provide it, as they should.

Also the yield curve inversion last year

You're missing the point. Let's pretend you lose your job tomorrow. Rent is due and you don't quite have enough. Now, what's your next plan? How are you going to get all that free printed money?

by check in mail

we never got over 2008 it was swept under the rug by qe and it's coming back with a vengeance of course situation now is undoubtedly worse.

>yes, they can keep printing and give out money.
yes they can however when total productivity collapses and the money printer revs up you get venezuela.

can't wait for people to make handbags out of $100 bills.
nocoiners will find ways to entertain us i'm sure.

UBI needs to be in place right now to prevent that. The fed needs to set up accounts for every citizen over the age of 18, and send them funds every month to get through this tough time

08 crisis by a long shot. Covid19 is a meme (albeit very effective propaganda)

for ubi to be possible 20% of the population needs to be able to support the 80% unproductives.
however automation is still not there yet. so this would be a suicide to implement full ubi just yet. unemployment/walfare is a better option in the short run. but in the end we are heading there.

also this. let’s put it this way: if 08 never happened, Covid wouldn’t have happened

I 100% agree, a UBI is the only solution right now. But Socialism = Communism to the general public and the propaganda is strong. People will vote against it, because they believe "bootstraps" and "sweat on your brow" all this work to live bullshit.

"Why should I pay for the lefties??"I can guarantee it

UBI is for poor lazy niggers with no capital
Your kind will get gassed like the subhumans you are

Case in point

This.

>because they believe "bootstraps" and "sweat on your brow" all this work to live bullshit
well multi generational propaganda is hard to get by

Covid 19 crisis will be much worse, because it's a controlled crash of the economy with few survivors. The Great Reset.

it doesnt, the people have figured out that they can vote themselves money. the productive class is going to rapidly shrink and be overwhelmed by the horde. this situation is one of the reasons the founders provided us with the second amendment.

no

Ok. Europe is preparing for lockdowns 2.0. USA will be forced to do a proper lockdown and your economy will implode and be surpassed by China.

no

Sheep

thats more than half the population

You're right I forgot about that huge indicator
Yep

We will not get that kind of consumer stuff inflation, if we look at CPI we are in deflation. It’s much more subtle, because we are talking about asset hyperinflation, so we will still be able to buy food, but never be able own a house anymore

And you will wear the mask and bake the faggot a cake and accept millions of migrants
It's all a businesses deal where you have no freedom without a free market

Covid will be worse once its all said and done. Im just another user but this is what I see comming.

- more job loss across the globe
- more countries national currency gets thier slaughtered in purchasing power.
- more civil unrest due to division through political views, race, wealth inequality, and increased militarization of the police forces

- increased lack of privacy

- forced vacccines

- anxiety and depression epidemic will become a suicide epidemic

- elimination of paper cash

- social credit system and digital health cards.

- those who stayed employed during the pandemic ( work from home) will be competing to with a global payscale adjustment, meaning your 6 figure salary in USA will need to come down to the standard of ones pay who will gladly take over your role in china and India which is probably 80% cheaper.

- most likely 90% of crypto goes to zero while a top 5-10% of the top performers become adopted

>so we will still be able to buy food
until productivity declines you are ignoring that in the end money is just a umber but the goods and services are actually traded worldwide and internally.

once there is a scarcity of gods and services and an over abundance of money you get hyperinflation and a fiat death spiral.

>be surpassed by China
this already happened

>QE since 2009 and no inflation
things that count (rent, medical bills, school tuition) went up. who cares if an iphone got a bit cheaper

crypto is not big enough nor widely accepted to substitute the dollar (or any other major currency) you dumb fuck and it won't be for years or maybe ever. So gloat about your bitcoins, but if things take a turn for the worst - and it looks like they will soon - it's gonna be a race for the fucking exit on both markets and crypto

you're a retard if you dont understand the covid shutdowns are used to destroy the economy so we can have the great reset and new monetary policies

Richard feynman IQ