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[–] agitatedwhiteguy [S] 1 point 52 points (+53|-1) ago  (edited ago)

I have a foreboding suspicion this is just the beginning.

As Saxo Bank's Christopher Dembik also warns, keep in mind that an undefined number of claims went unreported as states’ unemployment insurance program offices were overwhelmed by the massive number of applications both by phone and online. Some states even informed that their phone lines was saturated and their website crashed due to high demand. It means that next week’s data might be very ugly as well, or even worse.

[–] [deleted] 0 points 37 points (+37|-0) ago 

[Deleted]

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[–] fluxzup 2 points 34 points (+36|-2) ago 

Most of us just want this all to burn to ash and start over. You can't fix what we've become, and this Country is no longer unified for any single issue or even definable ideology. America has been fractured beyond repair.

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[–] agitatedwhiteguy [S] 0 points 3 points (+3|-0) ago 

Both seem to have similar outcomes, no?

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[–] Goys-R-Yus 0 points 2 points (+2|-0) ago 

At this point, what are the realistic recovery outcomes, anyway?

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[–] HistoryRhymes 0 points 1 point (+1|-0) ago 

Opening of the floodgates. Decisions have consequences.

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[–] Glory_Beckons 0 points 14 points (+14|-0) ago  (edited ago)

It is just the beginning.

This Covid thing will blow over soon. Half the people who bought into the fear mongering will feel really stupid. The other half is too stupid to feel stupid. But the consequences of the collective knee-jerk overreaction will continue escalating, like a domino chain reaction gone out of control.

You cannot replace 1+ months of 90% of the entire planet throwing up its arms and shutting themselves away, crippling productivity. You can never gain what is lost by doing that back. It's just gone. And the void it leaves behind starts a cascade of failures that cannot be stopped.

The number pushing that banks and governments will attempt to do to compensate will accomplish nothing, because that's all it is: pushing numbers around. Fiddling with numbers in a spreadsheet cannot change the reality of the situation. You can glaze over it, make it look better, on paper. But underneath that, the reality remains unchanged:

We have lost all of the value that should have been created, and at the same time severely crippled future production by throwing previously well-organized workers and businesses into crisis and disarray.

And the people responsible will probably never be held to account, because most people just can't seem to connect the dots.

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[–] hatrickpatrick 0 points 8 points (+8|-0) ago 

None of this would matter if we weren't using the idiotic, nonsensical money creation via interest bearing loans from banks model. There would be no need for incessant growth if there wasn't always more debt owed than there is money in existence. If that system collapses during the Coronacrisis, then all of the problems you've cited stop being problems. Production resumes when the crisis ends and everything carries on without any problems.

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[–] Goys-R-Yus 0 points 3 points (+3|-0) ago 

Just wait for the 6-month "corrected" numbers. Or even better, the final 18-month "corrected" numbers.. since that's how Government hides data past the point of anyone caring about it anymore. It's all so tiresome.

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[–] DEA-AgentTally 0 points 3 points (+3|-0) ago 

It's curious to note that a few State's are so technologically inept they have to estimate numbers. In 2020. Fascinating.

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[–] clamhurt_legbeard_ 3 points 41 points (+44|-3) ago 

Just pointing out it happened at the same time as guns and ammo got cleaned out of stores and online shops during the same week.

You might not get the Revolution you want, but we're primed for the Revolution we need.

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[–] agitatedwhiteguy [S] 0 points 16 points (+16|-0) ago 

Hadn't even thought of that.

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[–] Broc_Lia 0 points 7 points (+7|-0) ago 

I think it's likely that if this continues it'll lead to a collapse in social security.

If that happens I see two scenarios (or possibly both):

  • Civil war

  • Trump announces a new deal type scheme with more borrowing and socialism.

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[–] FBI-AgentJohnson 0 points 9 points (+9|-0) ago  (edited ago)

Civil war

You could only get so lucky. I imagine it'll just be more control, censorship, and elimination of rights. Indefinitely.

That's our job, after all.

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[–] Neongreen ago 

Oh no they will just mint out a few more Trillion Dollar coins. Don't stress that being the death rattle.

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[–] knightgal0015 0 points 2 points (+2|-0) ago 

I'm on board

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[–] AR47 4 points 2 points (+6|-4) ago 

I want to start by saying my allegiance lies with the nation, and not it's leaders.

I can assure you the fucks that have all the ammo are faggot tier boomers that cashed out savings bonds and robbed grand children's college funds to get it all. Watched many at academy before the limits went into play.

Buying several thousands of dollars worth of ammo...just to horde and protect themselves. Really man that is what happened. It didn't go to militatias. Or neighborhood watches, none of that.....was dusty old fucks that wouldn't kill someone if they had to....however they would pay their NRA dues every month and wave at each cop they see.

I have given much of my ammo to fellow Americans that share my views on the state we currently face. But these boomers got to go.

[–] [deleted] 1 point 12 points (+13|-1) ago  (edited ago)

[Deleted]

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[–] NukeRedditFromOrbit 0 points 1 point (+1|-0) ago 

I have given much of my ammo to fellow Americans that share my views on the state we currently face.

I'd personally never got that far, as I do need ammo for my own defense and home/loved ones/family. However, I DO agree with/am intrigued by the neighborhood watch idea. That is something you would need to be armed for at least, or at least CC.

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[–] toobaditworks 0 points 1 point (+1|-0) ago 

Thousands of dollars worth of ammo isn't that much ammo. You ever been to a shooting range? You can go through $500 worth of ammo in one hour. Now go back once and oops that's a $1000.

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[–] SquishedSpam 0 points 1 point (+1|-0) ago 

This is exactly what my friend reported when he went get ammo last week, lines of grays buying up all the ammo.

But now I know I need to have a fucking crossbow. So there is that.

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[–] changz 0 points 18 points (+18|-0) ago  (edited ago)

And the number is way higher because thats just before March 21? Other companies are going to make big layoffs and a lot of people have struggled to file unemployment or have yet to do it.

There is no way in hell this doesn't create massive social and economic problems across the Western world.

When the big Corps start having their debt going to junk status expect massive layoffs. Ford has been downgraded already.

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[–] agitatedwhiteguy [S] 1 point 12 points (+13|-1) ago 

I think what will really blow your mind is if you consider how you can evaluate the number of people who quit for fear of their own safety in hazardous working conditions.

If you quit, you don't get to file for unemployment. Only those fired can.

This feels like a mortal blow to America.

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[–] Nosfewratsjews 1 point 3 points (+4|-1) ago 

Came here to add this. We're fucked.

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[–] klobos 1 point 17 points (+18|-1) ago 

Bwahaha. This is why you shouldn't actually let the government make decisions or run anything. Incompetent, short sighted, and they constantly come the same same conclusions as a room full of mentally disturbed feminists.

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[–] agitatedwhiteguy [S] 0 points 13 points (+13|-0) ago 

Isn't it interesting we still use words like "let"? This system of control is voluntary, after all.

Do we really let them, or are we just a bunch of sheep convinced we're wolves?

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[–] klobos 0 points 8 points (+8|-0) ago 

Well yes of course, way too many sheep. You can actually count how many each election by adding up the amount of votes for any republican or democrat. Democracy requires an informed and intelligent population and most of ours are neither of those.

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[–] ViperCarbz 0 points 12 points (+12|-0) ago 

That's how many were processed. Imagine the backlog.

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[–] agitatedwhiteguy [S] 1 point 3 points (+4|-1) ago 

This roller coaster just started it's first decline. Buckle up.

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[–] Firevine 1 point 9 points (+10|-1) ago 

All for 1000 dead people who were probably already sick.

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[–] Had 0 points 3 points (+3|-0) ago 

Yes and no. This is just a measure of how fragile we have become as an economy where everybody is working service jobs. The shut down was the trigger, but the problem is much more systemic. But it's fine, Donald Pump is putting trillions of $$$ into the stock market to keep boomer retirement accounts good while fucking us with massive inflation. Seems good.

The pump of the market is going to make things so much worse than it would be, but it kicks the can down the road to after the election. Hope you guys have precious metals already, because gold is about to climb hard over the next 12-18 months (assuming the fed releases honest numbers about how hard they are fucking us with inflation....which they probably won't actually).

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[–] onezeno ago 

They're won't be massive inflation. I doubt this will even prevent a deflationary spiral. However, they are effectively nationalizing private debt, which moves us that much closer to the collapse of the American financial system.

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[–] UberMenschen 1 point 7 points (+8|-1) ago 

I think this just kicked the move to AI and automation for most jobs into hyper drive. You don't have to remind a computer to wash its hands before returning to work after a restroom break.

We all knew this was coming in some shape or form. Corona Virus was the perfect cover for so many things to happen all at once, that is why it is all moving so quickly. Never let a good tragedy go to waste.

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[–] AndrewBlazeIt 0 points 4 points (+4|-0) ago 

Corona virus

I dunno what that is. Do you mean Chinavirus/chinkbola?

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[–] UberMenschen ago 

yes, sorry, my computer must have auto corrected from Chinkbola (I like that one)

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[–] totes_magotes 0 points 5 points (+5|-0) ago 

Love all the lefties screaming that this is Trump's fault. Really? Does that motherfucker run every single company in the US? FFS.

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[–] agitatedwhiteguy [S] 0 points 9 points (+9|-0) ago 

Red team, blue team. It's all pretty irrelevant when the real game is all of Government (them) vs. us.

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[–] Sir_Ebral 0 points 3 points (+3|-0) ago 

Red jews vs. Blue jews, as I always say.

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[–] knightgal0015 ago 

Exactly, it is all a fucking illusion that red better than blue or blue better than red. Anyone that thinks it is that cut and dry is delusional.

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[–] Ghetto_Shitlord 1 point 0 points (+1|-1) ago 

Yes really, they were tipped off in December, and it was "fake" for the administration, until like a week ago.

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