May 7 Status Check - Who's gotten stimulus?

[46and2]

Don't spend it all in one place... .scratch that. Go spend it all at the gun store.

It's gone.
It paid for half a box of 500 Berger 200.20x.

 

[ronsatspokane]

It did but that i quoted was the yearly averages. It costs quite a bit to even sell it ironically.

That's the problem I've always had with metals. The fees for buying and selling really into any upside even for the purchase and sales of small amounts. And that upside only exists for as long as the market deems it needs a hedge. It doesn't pay dividends or multiply the way stock does. It goes up and down within a fixed range with the range being determined by the degree of pessimism or optimism in the broader economy. Now if you're buying by the metric ton, not so much of an issue.

 

[littlebuddybr]

Haven't received it yet

 

[garandman]

Got it !

And sent it to Visa to pay for my Pelosi Special.

 

[IdahoSharpshooter]

yeah, the wife and I got ours last Tuesday. I promised her I would wait at least 24 hours before spending mine. So, it was Thursday after lunch before going to the bank, getting 1000cash and buying a SIG 320 Legion. I spent half of the rest a few minutes ago. SIG sent me a Legion Member discount on one of their OWB holsters, which I was unable to resist. Got to have something to carry it in, right?

 

[284winner]

Nothing yet. Wife was laid off a month ago and still no unemployment either. Luckily I have a pension and it hasn't been suspended during this thing. Figured with our state staying closed, our Governor would report that the state pensions are history due to over spending. Still waiting for her announcement of that. Funny how 18 year olds without jobs living at home with parents have gotten 1200.00 checks but they can't get them out to the parents that pay for those 18 year olds to live at home. Luckily my kids are self sufficient so one less worry.

 

[Riverine]

Received $1200.00 check two days ago.

Nice to get that... it will pay 85% of my current $1420/mo Blue Shield monthly cost. Yes, that's over $17K per year on medical insurance alone.

Of course, that same plan cost about $340/mo before Obamacare. Oh, with lower deductibles, and a $25 fee for office visits, instead of $75 now.

 

[butchlambert]

Not yet!

 

[R.Morehouse]

Not Yet !

 

[Tommie]

Got mine Tuesday

 

[Rustytigwire]

Today

 

[redrockranger]

That's the problem I've always had with metals. The fees for buying and selling really into any upside even for the purchase and sales of small amounts. And that upside only exists for as long as the market deems it needs a hedge. It doesn't pay dividends or multiply the way stock does. It goes up and down within a fixed range with the range being determined by the degree of pessimism or optimism in the broader economy. Now if you're buying by the metric ton, not so much of an issue.

Yep my mutual funds multiplied for 6 years. In 6 weeks the cost basis is gone plus another few thousand $$$ My guess is the 401k will ruin the market. To much money chasing stocks. The Wall Street employees love it so far.

 

[redrockranger]

Public Pensions are Un-Constitutional. We pay their Social Security. Required by all employers.

 

[ronsatspokane]

Yep my mutual funds multiplied for 6 years. In 6 weeks the cost basis is gone plus another few thousand $$$ My guess is the 401k will ruin the market. To much money chasing stocks. The Wall Street employees love it so far.

That's been an issue for a long time, depending on the state of world economies. Too much money in the world chasing too few assets. Applies not only to stocks and gold but treasuries, toilet paper and hand sanitizer as well. When treasuries go to negative interest rates, as happened in 2008, you've got way to much money seeking safety. When PE ratios climb toward the moon, the opposite is the case. Money flows like water.

 

[redrockranger]

That's been an issue for a long time, depending on the state of world economies. Too much money in the world chasing too few assets. Applies not only to stocks and gold but treasuries, toilet paper and hand sanitizer as well. When treasuries go to negative interest rates, as happened in 2008, you've got way to much money seeking safety. When PE ratios climb toward the moon, the opposite is the case. Money flows like water.

To much money normally leads to inflation. Low % rates on various banking investment products has forced many seeking a supplement to SS into high risk investment. I remember getting 15 % CD's in the early 1980"s. The various governments in our society are not suppose to pick winners and losers. The people we send to Washington work for the bankers. The bankers save their political ass when things get tough. FIAT and debt and politicians is a joke. They drank the Keynes kool aid. It's been awhile but there were study's of the great depression would have been much shorter induration if the government did nothing. FIAT $$$$ is power.thus they defend it.

 

[afret]

Got a check in the mail for my deceased mom last week. The check had "DECD" after her name and "c/o" my name. The envelope has a printed statement to return if recipient deceased. Typical government efficiency. I put the envelope with the check in it in another envelope and put in the mail collection box at the local post office to return to the US Treasury.

 

[rjtfroggy]

Public Pensions are Un-Constitutional. We pay their Social Security. Required by all employers.

NOT TRUE.
I worked for over 20 years for the F.D. and the city did not pay ONE CENT towards my SS or Medicare. I also worked another full time job doing oil burner repair made close to plumbers hourly wage ( good money) and paid into the fund for over 30 years all told, and when I retired I was cut 54% of my SS because I had a municipal pension and then the $134 monthly for medicare for a total 73% cut. Do some research before you bad mouth the municipal employees who took those jobs when nobody else would work for the minimum wage we earned keeping your ass safe.

 

[ronsatspokane]

To much money normally leads to inflation. Low % rates on various banking investment products has forced many seeking a supplement to SS into high risk investment. I remember getting 15 % CD's in the early 1980"s. The various governments in our society are not suppose to pick winners and losers. The people we send to Washington work for the bankers. The bankers save their political ass when things get tough. FIAT and debt and politicians is a joke. They drank the Keynes kool aid. It's been awhile but there were study's of the great depression would have been much shorter induration if the government did nothing. FIAT $$$$ is power.thus they defend it.

Yeah, I remember when savings actually earned interest as well. Low interest rates, increasing money supply, historically low unemployment and yet, low inflation (except in stocks). I was an economics student back during the inflation/unemployment crisis of the 70's. Conditions these days are precisely the opposite. Lot of theories as to why that is but I don't really buy any of them. Arguably, prior to Cronavirus this economy was a wet dream. The best economy I have ever seen in my life. Hopefully it returns.

When it comes to Keynes, Keynes did not hold a gun to the head of politicians and force them to accumulate debt beyond GDP. We did, as in you and I. We voted for the dumb sons-a-bitches who consistently spend more than the country takes in and that is true for both parties. The debt currently being accumulated will be the burden of future generations and if you have looked at the bill the Dems are pushing, that burden is going to be significant. Keynes didn't do that. Our representatives may not pass that bill but they will pass a bill that will add burden to future generations and likely a significant burden like the last one they passed. Make no mistake, you and I let it happen.

 

[338 Mollett]

YEP ! Got Mine a week ago but pales in comparison to what my beloved Americans STOLE FROM ME !!!!

 

[redrockranger]

Yeah, I remember when savings actually earned interest as well. Low interest rates, increasing money supply, historically low unemployment and yet, low inflation (except in stocks). I was an economics student back during the inflation/unemployment crisis of the 70's. Conditions these days are precisely the opposite. Lot of theories as to why that is but I don't really buy any of them. Arguably, prior to Cronavirus this economy was a wet dream. The best economy I have ever seen in my life. Hopefully it returns.

When it comes to Keynes, Keynes did not hold a gun to the head of politicians and force them to accumulate debt beyond GDP. We did, as in you and I. We voted for the dumb sons-a-bitches who consistently spend more than the country takes in and that is true for both parties. The debt currently being accumulated will be the burden of future generations and if you have looked at the bill the Dems are pushing, that burden is going to be significant. Keynes didn't do that. Our representatives may not pass that bill but they will pass a bill that will add burden to future generations and likely a significant burden like the last one they passed. Make no mistake, you and I let it happen.

The politicians have figured out they can buy elections with freebies and handouts. I quit voting for 26 years. The choices are the lessor of two evils. Hell of a choice. I enquire to our Senator Joni Ernst on term limitations, got a song and dance. Check her background. Farm girl i think, raised on farm subsidies , career military + the pension {no problem with that} Served in Iowa legislature { another pension?} Now a U S Senator{another pension ?} 49 yrs old. I ask if she ever had a honest job. No response. Classifies self as a Republican ? I won't vote for her.

Everyone on this forum should read the book The Law by Fredrick Basteite {SP} written around the Civil Warmth man knew the road we travel today.