OT: Coronavirus XXI: School is Back in Session

[Drivesaitl]

And you don't realize that the effects of economic collapse could have a significantly higher death rate, and long term effects for the vast majority of people. Theres a direct correlation between youth unemployment and revolution. So you might find yourself sitting in the middle of a war zone, if things don't change quick. Also worth mentioning that Canada has almost doubled its money supply since March basically. If we look back in history increases in the money supply, with a decrease in productivity usually leads to inflation. Enjoy the decline... https://sites.insead.edu/facultyresearch/research/doc.cfm?did=47411

The last time we suffered so much with inflation was the 1970s and me being a construction punk making money and stuffing it into a bank that was earning 17% interest. lol, such hardship. Rent was 425/mth, including heat, satellite cable.

Back then I could work 4mths a year and live and go to University and pay for it.

There was no end of jobs here either. That was inflation and an economy that was pumping.

Anecdotal I realize and I don't know enough about economics except that it isn't an irrefutable Science.

 

[DaGap]

Thanks for clarifying. Sorry for calling you eat. Moving on.

You couldn't pick a more solid skillbase. Guaranteed employment anywhere, I imagine.

*Like* (My like privilege's have been removed for an unspecified time)

 

[Raab]

The last time we suffered so much with inflation was the 1970s and me being a construction punk making money and stuffing it into a bank that was earning 17% interest. lol, such hardship. Rent was 425/mth, including heat, satellite cable.

Back then I could work 4mths a year and live and go to University and pay for it.

There was no end of jobs here either. That was inflation and an economy that was pumping.

Anecdotal I realize and I don't know enough about economics except that it isn't an irrefutable Science.

The inflation of the 70's and early 80's was directly caused by the US going off the gold standard and increasing the money supply. Basically what the government has done is if you had $100 in the bank, it's now worth $50. We haven't seen the effects of that yet, but its coming.

 

[Drivesaitl]

The inflation of the 70's and early 80's was directly caused by the US going off the gold standard and increasing the money supply. Basically what the government has done is if you had $100 in the bank, it's now worth $50. We haven't seen the effects of that yet, but its coming.

Just saying. Also anybody with coin in the 70's built up MUCH of their portfolio in a 10yr period of high interest rates, non existent banking fees, and massive employment and out of this world standard of living. Any sensible adult I know then was making a killing. Contrast to today where its very difficult to save money and theres a good ol market crash every decade to stunt your investment portfolio.

The contrast is that low interest rates are problematic in their own way. The lead to massive inflation in major cost acquisitions like Real Estate, Automobiles, any major purchase people make. They don't talk about that rampant, and out of control inflation.

Inflation is more dangerous when out of control. But interest rates that sink to zero are as harmful as anything it would seem.

 

[GretzkytoKurri9917]

You guys are funny. You're all worried about a disease that kills less then .1% of the total population, but not seriously worried about the coming economic collapse, and where that could lead.

You mean where we see Houses cost $1 as in Detroit?

 

[LaGu]

You guys are funny. You're all worried about a disease that kills less then .1% of the total population, but not seriously worried about the coming economic collapse, and where that could lead.

0.1% is not nothing, it's a lot. Also where I am we are at 0.2% out of the whole population, and cases are still going up by the day.

0.5-0.6% of the world pop die every year, 1/6th to covid19 is significant.

 

[GretzkytoKurri9917]

The last time we suffered so much with inflation was the 1970s and me being a construction punk making money and stuffing it into a bank that was earning 17% interest. lol, such hardship. Rent was 425/mth, including heat, satellite cable.

Back then I could work 4mths a year and live and go to University and pay for it.

There was no end of jobs here either. That was inflation and an economy that was pumping.

Anecdotal I realize and I don't know enough about economics except that it isn't an irrefutable Science.

Makes me wish we're living in the 70's right now.

Better times back then.

 

[GretzkytoKurri9917]

Thousands of Alberta Health Services jobs to be cut in effort to save $600M annually

 

[nabob]

Sure thing. I wake up at 6:30, shower, go to my desk and work until about 4:30. Have supper, then chill out watching sports or playing video games until I sleep around 11:30.

He calls himself an essential worker then goes on about a vacation in the hotbed of the Coronavirus outbreak. If he was there because he had to work, then fine. If he was taking a leisurely vacation there then that's another issue.

Looks like all your huffing and puffing was for nothing. The guy is allowed to work and if they needed him to travel that far for the job I’m guessing he’s a hell of a lot more essential than some self righteous person who works from home and looks down on anyone who is essential to their job or industry.

 

[LaGu]

When my parents were kids they still had rations. I think I said this in March or April on these boards, if they would have seen us now they'd be astonished. Of course you deal with hardship, of course you do what you can to avoid people dying. Economy not going great, try being born just before WWI, living through the spanish flu, the great depression and top it off with WWII just when your kids are growing up.

My grandfather used to trade his alcohol rations for flour, and ended up never forgiving himself for it. He did what was necessary to feed his family, but never got over the fact that the people trading for his alcohol rations could not care for theirs.

Edit: I know that probably many other posters on here have similar stories.

 

[nabob]

Thousands of Alberta Health Services jobs to be cut in effort to save $600M annually

crazy that many jobs can be cut and not a single front line worker will lose their job. AHS had become so incredibly inefficient over the last half a decade. Hundreds of managers hired that literally only manage one other person from a lot of reports.

 

[Fourier]

Why not compare Sweden to Quebec, who had lockdown restrictions?

Quebec did a horrid job in the beginning in part because of travel from the US associated with their spring break. When they moved into lockdown their death rate per capita was significantly higher than Sweden's. The lockdown brought their death rate to a point substantially below that of Sweden's. So a lockdown is not going to overcome all other factors. Ontario on the other hand had much better results.

 

[LaGu]

Quebec did a horrid job in the beginning in part because of travel from the US associated with their spring break. When they moved into lockdown their death rate per capita was significantly higher than Sweden's. The lockdown brought their death rate to a point substantially below that of Sweden's. So a lockdown is not going to overcome all other factors. Ontario on the other hand had much better results.

This is a bit the same as I have heard about Italy, "they locked down and look where it got them". The lockdown was a hammer on the spread here, it was just before that that it was peaking. The spread took a nose dive weeks after it was enforced and it ended up relieving the health care workers, they were completely overwhealmed.

 

[GretzkytoKurri9917]

Alberta records highest number of mortgage deferrals in the country

 

[Raab]

You mean where we see Houses cost $1 as in Detroit?

No, no, more like Portland where everyone lives together in harmony and watches the homes and businesses burn.

 

[GretzkytoKurri9917]

No, no, more like Portland where everyone lives together in harmony and watches the homes and businesses burn.

Can't wait for the Show to start.

 

[KeithIsActuallyBad]

Looks like all your huffing and puffing was for nothing. The guy is allowed to work and if they needed him to travel that far for the job I’m guessing he’s a hell of a lot more essential than some self righteous person who works from home and looks down on anyone who is essential to their job or industry.

That's quite the straw man you put forth there. I said if he was there to work (and he was), then fine. He didn't clarify that until I asked him to. I didn't know what his job was or what it entailed. Sheesh.

 

[Raab]

0.1% is not nothing, it's a lot. Also where I am we are at 0.2% out of the whole population, and cases are still going up by the day.

0.5-0.6% of the world pop die every year, 1/6th to covid19 is significant.

Is 0.2% the death rate, or total infected? We've learned from H1N1 that you can't watch cases, you need to watch the underlying numbers on hospitalizations, ICU admits, and deaths. Also with more testing and a 1% false positive rating cases will undoubtedly be higher.

The 1/6th of world population is also misleading, as most people who die of covid have a comorbidity. I haven't seen the stats on the number of people who were projected to die in the next 6 months, but I'm guessing that number would be relatively high.

 

[nabob]

That's quite the straw man you put forth there. I said if he was there to work (and he was), then fine. He didn't clarify that until I asked him to. I didn't know what his job was or what it entailed. Sheesh.

You went off on the guy, and then at the very end added a little disclaimer. He shouldn’t have to clarify anything to you...

 

[Raab]

Can't wait for the Show to start.

Socialist utopia, lets hope it doesn't happen here

 

[KeithIsActuallyBad]

You went off on the guy, and then at the very end added a little disclaimer. He shouldn’t have to clarify anything to you...

Which of course means I'm looking down on essential workers because I'm not one myself, right?

 

[nabob]

Which of course means I'm looking down on essential workers because I'm not one myself, right?

that’s quite the straw man. I didn’t say it was because you’re non essential, I simply pointed out that he was an essential worker and that you work from home. You were looking down on him and judging him because that’s what what you do apparently, not because your non essential.

 

[GretzkytoKurri9917]

Socialist utopia, lets hope it doesn't happen here

I'll be sure to have ACDC Hell's Bells cranked when it happens.

 

[KeithIsActuallyBad]

that’s quite the straw man. I didn’t say it was because you’re non essential. You were looking down on him and judging him because that’s what what you do apparently.

I would've judged him had he taken a careless vacation into a Corona hotbed, yes. That's the difference here. He was working there, so as I said, it's fine.

But I'm just a lazy liberal cheque casher, so what do I know.

 

[Sensmileletsgo]

You shouldn't be, and you don't grasp some of the inherent difficulties in this. Why would you be behind this?

I’ve gotten behind the idea ever since I started a company 3 years ago. The amount we pay in remittance fees is insane. It’s a lot more expensive to send money over the internet then people think because the consumer doesn’t pay for it directly.

With the emergence of blockchain this can solve this problem. I should clarify, I am not as much for a “cashless society” as I am for implementing a more modern way to exchange value.