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75
The $600 "Stimulus Check" is the biggest slap in the face. This bill alone should cause a another Occupy Movement. (twitter.com)
posted 4 years ago by Transfer 4 years ago by Transfer +81 / -6
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▲ 9 ▼
– FontagoBay 9 points 4 years ago +9 / -0

No. What should cause another occupy wall street is the fact that they are printing $900,000,000,000 more dollars(meaning debt), that each of us will have to pay for when the inevitable catastrophic inflation hits and destroys the value of our savings and future earnings.

NO AMOUNT OF STIMULUS CAN MAKE UP FOR THE DAMAGE THE STIMULUS ITSELF IS DOING.

35% of all US dollars were printed in the last ten months.

The Federal Reserve printed more money in June than the US did in it's first 200 years.

By October the federal deficit was already over $3,100,000,000,000 (THAT'S TRILLION), this pushes it past 4 TRILLION DOLLARS.

Nothing in history even comes close to the situation we are in but apparently as long as the Fed keeps hiding the calamity behind phony low interest rates(0-.25) everyone's gonna pretend it's not happening...

COVID DIDN'T DO THIS, GOVERNMENT LOCKDOWNS AND FEDERAL RESERVE SCUM DID.

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▲ 6 ▼
– Everythings 6 points 4 years ago +6 / -0

run to real assets. gold, silver, monero

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▲ 2 ▼
– RussianAssetCykaBlya 2 points 4 years ago +2 / -0

Gold, crypto Buy with spare money periodically, long term, Stop wasting money on useless sht and consooming

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▲ 3 ▼
– FontagoBay 3 points 4 years ago +4 / -1

NOO lol crypto is worse than fiat money! It's like sprinting in the opposite direction of the finish line. Crypto is a few levels further removed from anything resembling value than the worthless funny-money we have today. It's pure speculation and can never not be, incredibly unstable and easy to manipulate by those ruling elites in silicon valley. CRYPTO IS THE SIREN SONG OF CURRENCY.

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▲ 4 ▼
– RussianAssetCykaBlya 4 points 4 years ago +4 / -0

Dont agree but respect the opinion I think its foolish not to own any crypto ať this point.its Also foolish to be All in crypto hypeboi. Save every month, diversify, stop wasting money consooming, stash the bucks :) good luck

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▲ 2 ▼
– BustaSlug 2 points 4 years ago +2 / -0

Upvoted both, good points

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– quixotewpg 1 point 4 years ago +1 / -0

Unstable? Not Bitcoin. The network is very solid.

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▲ 6 ▼
– deleted 6 points 4 years ago +8 / -2
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– deleted 1 point 4 years ago +2 / -1
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– FontagoBay 2 points 4 years ago +2 / -0

Because Covid stimulus is literally destroying the near-mid term future of this country.

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▲ -1 ▼
– deleted -1 points 4 years ago +2 / -3
▲ 0 ▼
– FontagoBay 0 points 4 years ago +2 / -2

No dude, what don't you understand? They printed TO spend it, AS spending, It didn't exist until they decided to spend it. And realistically it doesn't actually exist and never will because it's not real money. It's literally just debt from thin air that the (((Federal Reserve))) scum decided we owe them and assigned us. They didn't have to do it at all. Personally, I don't plan on giving a dime to the IRS this year and noone else in this country should either.

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▲ -2 ▼
– deleted -2 points 4 years ago +1 / -3
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– nc777 3 points 4 years ago +3 / -0

If the people united against the oligarchs and uniparty.
They have us divided so well.

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▲ 2 ▼
– FontagoBay 2 points 4 years ago +2 / -0

Mass tax protest is the only way they will ever take us(the human American people) seriously. Voting is meaningless and protest marches accomplish literally nothing. If 50% withheld paying income taxes this year the govt truly have to seek the consent of the people to rule. They wouldn't have a choice but to listen to and act upon the will of the people they represent in order to have a functioning govt apparatus.

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▲ 2 ▼
– RussellShackleford 2 points 4 years ago +2 / -0

lmao mcconnell won relection by like 30 points

he was always going to determine how much you get, peasant

what difference does it make to him

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▲ 5 ▼
– Jammyjams 5 points 4 years ago +5 / -0

Mitch is a deep state demon. did you see the photos of him completely fucked up with bruises? He got his ass beat. These people are completely controlled via blackmail, threats, and ass beatings. It really is a mafia. The most violent, powerful, and richest mafia ever in the history of the world.

What Trump needs to do is to allow an out for these people. Think about if you were in that situation?

The deep state, all powerful, smartest, richest org has your balls by the fire, how do I get out of this? No one wants to die, or have their family die. It's too convenient for us to criticize these people, but it's one of those situations where there is legit fear and punishment. They know what they are doing, but they have no choice.

Good guys need to provide an out for these compromised people.

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▲ 2 ▼
– some_crypto_guy 2 points 4 years ago +2 / -0

Stop begging for government handouts and creating dependence on the state.

Disregard their bullshit lockdowns and make some money.

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▲ 1 ▼
– Transfer [S] 1 point 4 years ago +1 / -0

if you give me a small loan of a million dollars, I can flip it to a billion in 1 week

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– ikuyas 2 points 4 years ago +2 / -0

You can easily make $600 by driving around for food delivery service. The bill contains 5000 pages, you have no idea what other fucked up things in there. Any politicains who voted yes should be *#$#@#$ on the street.

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– FishStickIsles 2 points 4 years ago +2 / -0

They destroy jobs and businesses and call $600 in the midst of it "significant".

Trump built up the economy and gave much larger tax cuts and they called them "crumbs".

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– KennyLiquorbush 1 point 4 years ago +2 / -1

This only ends one way.

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– quixotewpg 1 point 4 years ago +1 / -0

As a Canadian, you guys south of the border have been pounded in the ass hard. In Canada, those without work or who can't work because of covid have been getting 2K a month since March. Really, in the long run, we are all taking it in the ass as they inflate the dollar. Buy Bitcoin and Gold and Silver

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– Transfer [S] 1 point 4 years ago +1 / -0

I feel like Bitcoin is too mainstream to be actually viable as it is not as secure as Monero and others

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– Everythings 1 point 4 years ago +1 / -0

https://tradingeconomics.com/united-states/money-supply-m0

30+% of dollars were printed this year.

valueless

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– arjunas1 1 point 4 years ago +1 / -0

feds just committed to buying 80bil of bad debt per month, every month, for the unseeable future.

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– Everythings 1 point 4 years ago +1 / -0

this is good for any asset not fiat

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– deleted -5 points 4 years ago +1 / -6
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– Everythings 4 points 4 years ago +4 / -0

it's not money it's fiat. they're creating bullshit and convincing people it has value

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– FontagoBay 3 points 4 years ago +3 / -0

They're not handing out money they're handing out debt. And every single one of us is gonna pay dearly for it.

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– deleted -1 points 4 years ago +1 / -2
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– FontagoBay 2 points 4 years ago +2 / -0

Well I'd say get rid of your "money" by turning it into value preserving or appreciating assets while your "money" is still capable of doing so... Gold and silver are kind of traditional in that role but there are other options, like pick what's right for you but don't let yourself get stuck sitting on a bunch of "money" that won't buy a quarter of what it once did.

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– PizzaExpressInWoking 1 point 4 years ago +1 / -0

When the financial system collapses everybody's money will be worth exactly nothing.

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