The first U.S. layoffs from the coronavirus are here

I still think it's possible that the money printing game could keep the system afloat through this crisis if it gets under control within a couple of months but I wouldn't bet on it. I liquidated my IRA on the dead-cat bounce (I realize it won't be worth much if there's hyper-inflation). And I'm not saying others should do this. I could miss out if it's a V shaped recovery and I don't get back in at the right time.

There will probably be two more 3tril stimulus relief bills over the course of the next few months. Then, if things don't start to turn around (in the economy, not the virus), then the dangers of hyper-inflation and a total collapse of the system are very possible.

You can't just flip a switch and turn the economy back on. Maybe if we could do it right now but that's not going to happen. Also, the whole world is going through this. All the economies are interconnected.

You don't know exactly what's going to happen. But it's possible there could be break-downs in social order. Things could get real bad. At least it would be interesting to live (or die) through one of the greatest global catastrophes ever. Economic and social catastrophe, not the virus.

 

"There's No Gold" - COMEX Report Exposes Conditions Behind Physical Crunch

"There's No Gold" - COMEX Report Exposes Conditions Behind Physical Crunch

 

"It's A Different World Now" - The Global Solvency Issue Is Becoming Systemic

 

The funny thing is, I've been swimming in debt for years now. Couple of emergency repairs, some unpaid credit cards.

If I cut up all my cards now and we had an insane bout of hyper inflation? Those debts that are crushing me now would become trifles.