$10,000 EIDL GRANT

Well, life insurance, and retirement accounts are safe from Bankruptcy. I’m just sayin.

 

No one knows, but I do think they’ll modify these loans in some form. Just looking at all the fraud taking place. It’s a black eye on the Government. There’s no way to investigate it all. They’re going to make it all go away, just like the bail outs, the Mortgage Debacle,S+L, etc. Right now, the Banks are making money, closing the loans, and they’re being sold into the secondary market. When the defaults start, it will be like the Mortgage mess. And the Government will be on the hook. Since the loans are backed by them. Future financial disaster, waiting to happen. Might affect the credit markets. That’s why they’ll wipe it clean, to avoid the fall out, and that’s why, you might as well take it, especially if credit tightens up in the near future. Somethings got to give. Credit sucks, not having access to it, really sucks. I survived for years without it. In this Business, with some of big costs involved, it’s pretty much a necessary evil.

 

We yet to see the effects of all this injected money on such a unprecedented scale - where common folks get to feel a fat wallet too. Blessed is America with its Dollar being the World's currency. I imagine, that any other country with their own currency would turn into Wiemar Republic already and people would be paid by a weight of paper money. I wonder where the threshold of money supply saturation here is, beyond which people have money in their wallets but can buy little with it - or the price tags are drastically climbing. I already noticed quite a price increase on meat products, or was told by a local Lowe's associate that there is a palpable shortage of appliances - microwaves and refrigerators and for quite a few models you have to wait weeks, for instance. People don't mind spending.
In a way, and perhaps quite coincidentally, all these Covid - 19 relief monetary measures could prove quite effective in the war against Chinese yen - whether it was officially declared or not.

 

Well, since a bunch of other Countries injected cash into their systems, like we did. It’s all the same anyway. We’re lucky inflations been low now for about 30 yrs. A little inflation is a good thing. Keeps property values up, makes debt decrease. If inflation goes above 4%, the loan is basically free. I wouldn’t count on it. It’s all manipulated. Designed to keep things rolling, steady, not too fast, not too slow. As long as We remain The # 1 World Power, our Banking system will remain #1. Biggest Industry in the Country, is Banking. We hold a lot of money, for others. Because it’s safe here. Protected by our Military Might.

 

I think we are feeling it right now actually. The economy should be crap but it’s booming for everyone. I know some people in service industries like electrician for example and all feedback I get is people have more money then ever. Hell the real estate market should be choked to death but values around me continue to soar and new homes are being built everywhere.

I got an email today reminding me of the 150k the gov wants to loan me. I’ll feel silly when even the EIDL gets forgiven but I just can’t make myself pay thousands in interest while it’s parked hoping it’ll be forgiven.

I just hope the economy stays open and we can have a nice full recovery from this mess like the stimulus has intended.

Even the local Lowe’s is completely sold out of things like deck boards and such. At this point it’s anyone’s guess where we go from here.

 

That’s what I’ve been seeing. A friend of mines Plumbing Business is booming. This whole thing sideswiped everyone. I remember seeing it in China, thinking, oh another Chinese virus. Glad it’s not here. Unprecedented times. One things for sure, time will pass. Soon it will be history.

 

How quickly did they take to deposit it? I

 

Next business day after signing documents.

 

Jamie Dimon said
“In a normal recession unemployment goes up, delinquencies go up, charge-offs go up, home prices go down; none of that’s true here,” Dimon said. “Savings are up, incomes are up, home prices are up. So you will see the effect of this recession; you’re just not going to see it right away because of all the stimulus.”