$10,000 EIDL GRANT

China is in debt herself.

We broke the USSR when Reagan dreamed up a sea story based on imaginary new technology to blast all their ICBM's in space. It was laughed off here in the USA (Not so impossible today...) then USSR started getting deep into debt trying to build out military and failed as a Nation in the 90's

As a side note, Russia has a budget the size of that of California. However she has paid careful attention to America's failings and has herself become extremely dangerous. IF you thought old time nukes in 30 minutes is bad back then growing up, wait until you understand the transonics and hypersonics can reach the President and our Command networks here in a few minutes so fast there is no point in telling the president or the people we are under attack. We are working on defenses in a hurry but it's a day late and a dollar short.

China had at one time for thousands of her existance in years not to be in debt. Always down to every individual to have assets instead of debt. Unfortuantely they realized after our Desert Storm destroyed the Soviet style Iraqi Military how much of a *&^% their then military really was. Flying for example Korean war era Mig 21's Thats all got scrapped as China went into debt big time and 20 years later began to devalue the Yuan to build carriers and ship killing dong feng missiles which at that time were capable of either vaporizing DC from their homeland or vaporizing in particular any Carrier battle group within 1200 miles of China. Which created new problems of which the recent Commandant Dainel Burgess ordered a total scrapping of all Tank Regiments in the corps and a shift to a total anti ship and other assets to kill warships at sea from any island in the pacific out to 1000 miles among other changes that will be pernament.

China had doubled down on her devalued currency a couple of years ago.

And you wonder why that 10.00 chinese made coffee pot in the Walmart is suddenly now 50.00 with tax.

Enter Covid. Put the whole of China out of work. The rest of the world USA in particular realized how much China has us all by the short hairs in say medicines. 98% of blood thinners, paralyzing drugs and other really important pain killers etc come only from China.

We are spooling up to begin production under wartime orders to make our own medicine. Rest of the world is scrambling to do the same among other things.

When China realizes that no one wants their crap anymore very much they will have to find a way to make money every day. THAT for them is going to be hard. Enter Africa.

 

I received a similar email then looked in my bank account and there was $1,000 deposit from the US Treasury. No credit check yet

 

I remember in 1980 or so give or take CD's paid 15% in Baltimore.

That bank failed soon after. HA....

 

I signed up on the 5th and just got an email saying they were processing the application checked bank account and there was $1,000 deposit no credit check

 

From what i understand about 125 billion or so of loans round two has gone out already. Not hardly a week after that round got going again with more money.

I think many small business owners see it as a loan trap and decide eh forget it. They got this far without it. And almost dont care if they still have a business or not.

 

Unlike PPP, the EIDL application was all too easy. People were sending themselves links on their phones and were able to fill out the application fields without much thinking. PPP seems more of a task, therefore much fewer decided to go for it.
Some folks don't even know what they were applying for, or they don't know any difference between the two...Some were disappointed about not receiving 10Gs but just 1 thousand.
They don't even realize that it was merely an advance towards a loan. It is amazing how frivolously they disbursed that EIDL money for advances. Anybody. Anywhere.

 

They never checked my credit and they do not have a copy of my 2019 tax return and I received my $1,000 on 4/23.

 

Maybe those who have read your educational thread would know that , but I know at least two o/os who I speak with on daily basis they have no understanding of EIDL or PPP, not to mention what their abbreviations mean. All they know is that they received 1 000 all of a sudden. I bet, there are more than the two of them. They are tip of the iceberg.