ECONOMIC IMPLOSION: 25% Of NYC Renters Haven't Paid Since March

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[–]magnora7 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

That's insane. And the landlords aren't getting paid, so they're going to default on their mortgages too.

It's like Jon Stewart said in 2008... why bailout the banks when you could just bail out the loanholders, which would make the whole system solvent again, at a fraction of the cost of pumping up the stock market, because it addresses the base assets rather than the derivatives?

Apparently the Federal Reserve's answer to this was "It creates a moral hazard".

But them somehow giving literally trillions to their buddy banks for completely failing, is not a moral hazard? They're literally incentivizing failure at the trillion-dollar level with these giant banks, who now price these bail-outs in to their expected budgets! The whole thing has gone off the rails and could be fixed with a little but of unconditional basic income. That $1200 everyone got, should be every month until the end of the year. And that money comes out of what would be given to the banks, since that money will immediately go towards paying rent and mortgages anyway!

It's ridiculous!

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

US-american might-people define caring for their sheep as socialism or even communism, don't they ?

To me it smells like the USA administration ONLY lets hardcore-assholes and -trolls or sociopaths and psychopaths IN on the upper end of their food chain.

They betrayed and compromised themselves so hard: They let themselves elect a fkn natural CLOWN ! FREE smiles for the whole world on all meta-levels i can imagine.

Black snakes eating themselves in the background constantly: Nice.

It makes me very feel very, very sad for all the diligent and hard-working sheeps and herding dogs trying just to survive this bs-system, though. So much white energy is transformed into red one in this, that i believe it is a dilemma grandeur.

Especially for those character's that can only think with their BIG heart.

Its a self-referencing problem of ideology because US-American black snakes consequently killed all their big dreamers that tried to rise up.

It is most DEF neither "another" WAR nor another "medication" problem.

AND: They still don't understand, where their own progressive and REAL value is hidden, because the fiscus spends most of his money for weapons, made to attack. The military elite a have ALL read Sun Tzi at least ONCE but nobody seems to have understood from this very old book that the best fight is the one you don't have to actually fight and the ultimate goal of every war is PEACE ! Take that one fkn numbnuts.

Almost all countries that you define to be your enemies know cloak-and-dagger better than you, because you lost way too many times in this, so finally draw some natural consequences, please. This problem can't be solved by technology because people and countries are able to build bigger walls than you can imagine !

We progressive ppl. here in Europe have stopped using hardware you BOTH try to sell to us a long time ago some even never started to use them !

The Chinese will carry on fucking USA really well for this till USA likes it, i believe, because they already validated that they can pull off this one by ex pulsing your ideological fathers and showed them their place in the world hierarchy really well and nicely. The joke in this is: These guys now try to COPY this system because they started to believe they still can push anyone else around that obviously has way more weight.

An Ex from me on this one: Would god have send the Englishman on an island, if he really liked them ?

This is my personal saturday big smile for you: Ying and Yang...

Its a multipolar world: Just accept this TRUTH.

Hitler went finally completely insane by forgetting this simple fact and for Napoleon there exists proof that he knew sun tzi and lost ONLY when ignoring this book.