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The VIRUS has got me !!!!

I wonder how much less we'd have had to print had the virus been tackled head on from the git go. This country was certainly caught with its pants down as far as preparedness goes. Lack of a testing plan, shortage of PPE and too much dependence upon foreign entities for crucial supplies, medicines, drug intermediates, etc.
prior administrations and both sides of the aisle are to blame for this........
 
No not my body, I'm OK, but the virus
economy has brought my business to a halt.
I havent mailed a trigger in 6 days. I'm sure this
is just the beginning w/the worst yet to come.
Ya'll stay safe. LDS

I've been meaning to buy a new Jewell for a back up trigger for quite awhile now. What better time than now to help support a site sponser. Just got my order in.
 
Being a history nut especially about WW1, I always informed that the 1918 influenza started in Camp Funston, Kansas. 48 soldiers died from the Spanish influenza in that camp. When our troops were transported to europe by ship, the virus spread and more people were dying of the virus than from bullets. Then the returning troops spread the virus thru America, again pointing to the ships used in transporting the troops. Records show the 1918 influenza struck in 3 waves, USA, France and China. New records have been found pointing to 94,00 chinese laborers used by France and Britain behind the lines. That were moved from China to Canada then to Europe. During the 1918 influenza, a northern region of China had a lower mortality rate than other nations, due to early exposure to the virus. All this information still needs to be confirmed but a lot historians are finding this new information convincing. But there are still questions about the Pandemic of 1918. I hope people find this history lesson interesting. nilebartram
 
Larry I am hoping to order a trigger from you very soon. Watching my $$ on a build but will need a good trigger.

Its not when you buy, or how many you buy, its just that you buy them all
at the same place. I want to be your JEWELL, your TriggerTech
or your Geissele trigger dealer. LDS
 
Hyper inflation and the end of the dollar isn’t coming anytime soon. There’s still a big shortage of dollars in the world. What many don’t understand is that the dollar is the world’s currency. There’s been a shortage of dollars for many years and our printing money just eases the shortage a little. In times of uncertainty the demand for dollars soar and there’s even greater appetite for dollars. There is no viable alternative to the dollar. The Euro is the next biggest tradable currency and it’s in danger of going away if the EU breaks up which is ever more likely.
 
Hyper inflation and the end of the dollar isn’t coming anytime soon. There’s still a big shortage of dollars in the world. What many don’t understand is that the dollar is the world’s currency. There’s been a shortage of dollars for many years and our printing money just eases the shortage a little. In times of uncertainty the demand for dollars soar and there’s even greater appetite for dollars. There is no viable alternative to the dollar. The Euro is the next biggest tradable currency and it’s in danger of going away if the EU breaks up which is ever more likely.


I wonder how much it actually costs us to print a billion dollars worth of $100 bills when some country wants to be paid for their oil in cash with U. S. Bens. I would think that the U. S. Treasury would want to be reimbursed for that.Ever seen pics of drug lords' stashes of U. S paper bills?
 
LARRY IN THE NEXT 2-3 WEEKS THINGS WILL PICK UP AS THE PRESIDENT IS GOING TO REOPEN THE ECONOMY QUICKER THAN WE THINK. Sorry caps were locked.
 
I wonder how much it actually costs us to print a billion dollars worth of $100 bills when some country wants to be paid for their oil in cash with U. S. Bens. I would think that the U. S. Treasury would want to be reimbursed for that.Ever seen pics of drug lords' stashes of U. S paper bills?
Most of this money isn’t printed. It exists electronically only. The gov deposits $1200 in your account it doesn’t send the bank $1200 cash. When you write a check or pay a bill online there’s no actual cash involved. Same with the huge loans to the banks or their market intervention buying. All electronic transfer. The real reason Obama shipped the payment to the Iranians in cash was that we’ve cut them off from our banking facilities so there was no legal way to just wire them money. We’re more than the 800lb gorilla of finance we’re the King Kong of finance ! When we sanction someone and cut them off from our banking system the whole world basically has to cut them off.
 
Most of this money isn’t printed. It exists electronically only. The gov deposits $1200 in your account it doesn’t send the bank $1200 cash. When you write a check or pay a bill online there’s no actual cash involved. Same with the huge loans to the banks or their market intervention buying. All electronic transfer. The real reason Obama shipped the payment to the Iranians in cash was that we’ve cut them off from our banking facilities so there was no legal way to just wire them money. We’re more than the 800lb gorilla of finance we’re the King Kong of finance ! When we sanction someone and cut them off from our banking system the whole world basically has to cut them off.


I understand that and wasn't talking about that. Right before the start of the Iraq War, the Hussein brothers went to the bank of Baghdad and with a note from dad withdrew $1 billion IN CASH $100 UNITED STATES BILLS. How much did it cost the U. S. Treasury to print those and would or should we get reimbursed for that? It's not an insignificant expense which IMO does nothing for us. I assume the dollar shortage referred to earlier was about physical cash.
 
I understand that and wasn't talking about that. Right before the start of the Iraq War, the Hussein brothers went to the bank of Baghdad and with a note from dad withdrew $1 billion IN CASH $100 UNITED STATES BILLS. How much did it cost the U. S. Treasury to print those and would or should we get reimbursed for that? It's not an insignificant expense which IMO does nothing for us. I assume the dollar shortage referred to earlier was about physical cash.
The dollar shortage isn’t about physical cash. It’s about trading and holding in dollars and the available dollars. Just about every trader in the world would hold all of their reserves solely in dollars but there isn’t enough to hold everything they would like in dollars. Dollars are needed for actual trade so everyone is trading in and out of dollars to do deals. I don’t know where the limit is of how much we’d have to print for the dollar market to actually saturate and the value of the dollar fall precipitously which is hyper inflation. It’s a self fulfilling cycle of the more the dollar becomes the sole currency of trade the more secure it’s position becomes.
And to answer about the actual cost of printed dollars I would say we’re well compensated by way of the highest standards of living. The dollar buys a whole lot in this world by virtue of being the world currency. American poor live better than most of the developed countries middle class. Americans for the most part have no idea how well off we are. A poor person in America is poor mostly in relation to Americans.
 
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I wonder why the government sent "Stimulus Checks" to people that are still working and shouldn't need them. Seems like that adds to the debt burden.
how about sending checks to those getting disability when their "income" was never stopped or affected?
 
Well you Donothingcrats finally got what you wanted today. Barrel of oil is worthless at -$37. So now you donothingcrats be happy as this economy collapses around us!
 
Our intelligence people notified others on or about January 5th that things were going on in China, but just in case that you've forgotten donnie doesn't read intelligence briefings. He doesn't need to since he knows it all.

At that point I would have put Maddog Mattis [assuming that he'd still give donnie the time of day] in charge of organizing a team and making sure that essential supplies were being accounted for or amassed as need. But that's just me.
December 18th... House begins fake impeachment effort.

December 31st... China begins treating first Covid-19 cases, but tell world it is just flu/pneumonia.

January 14th... WHO issues statement that the virus cannot be passed from human to human.

January 21st... First Corona case in U.S.

Jan 31st... Trump institues travel ban from China.

February 1st... Biden, Schumer, Pelosi denounce the travel ban as racist and Xenophobic.

February 5th... President Trump aquitted of fake impeachment effort.

February 24th...Nancy Pelosi goes to China Town with press in tow to show off her anti-racist, anti-xenophobe, "hug a Chinese person" campaign.

March 20th...President Trump closes U.S. land borders to casual traffic.

April 1st... Democrat leaders denounce President Trump for not acting SOON ENOUGH!

The Democrats on April 10th of last year (2019), introduced HR 2214, the NO BAN Act, which would have hamstrung the Presidents powers to do exactly what they accused him of first, doing at all...and then doing too late.

https://www.congress.gov/bill/116th...?searchResultViewType=expanded&KWICView=false



 
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Well you Donothingcrats finally got what you wanted today. Barrel of oil is worthless at -$37. So now you donothingcrats be happy as this economy collapses around us!
I “bought” that contract today! Can’t beat getting paid $37 a barrel to “buy” oil. I’m having my rubber lined pond drained tomorrow and having the oil delivered next week. Sold a August delivery contract at $25 or so, made $62 per barrel! Just kidding, but someone did.
 
Hyper inflation and the end of the dollar isn’t coming anytime soon. There’s still a big shortage of dollars in the world. What many don’t understand is that the dollar is the world’s currency. There’s been a shortage of dollars for many years and our printing money just eases the shortage a little. In times of uncertainty the demand for dollars soar and there’s even greater appetite for dollars. There is no viable alternative to the dollar. The Euro is the next biggest tradable currency and it’s in danger of going away if the EU breaks up which is ever more likely.

I hope you're right.

In the short term stuff will be cheap, then expensive when it's all gone and the supply chain lags. All this new money will just make these limited items even more expensive. And the longer the economy is shut the down the worse this cycle will be and the longer to recover.

If we get lucky the porkulus bill will truly help cover the gap and businesses will be able to quickly get back up to speed, but that would be the best case scenario.

More likely, in the long term we will lose many businesses and many of the items we are used to getting quickly and cheaply recently will be limited and expensive. Whether or not that remains the new normal or we return to where we were before the COVID overreaction is not yet written.

As to the dollar devaluation......Given many other nations will have to take similar actions as the US, I doubt the dollar loses standing. I don't think hyperinflation is likely, and I don't think we will even see the inflation rate of the late 70s.

I will consider it fortunate if by the end of the year unemployment is less that 8% and housing values have only dropped 10%. We can recover from that but we need to start opening things now.
 

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