The solution to the coronavirus pandemic has been nothing short of economic suicide. As this lockdown drags into the fourth month for most of the country, a new survey is revealing the bleak costs that Americans are paying in order to comply with the government’s commands to shut down the economy.
Some are saying social distancing is the “new normal”, but we’d beg to differ. The new normal is going to be poverty for most of the country.
Almost 60 percent of Americans say they’d be unable to meet their basic financial needs in one month or less of quarantine, according to a survey. The Society for Humane Resource Management (SHRM) surveyed American workers between 12 and 16 March, according to a report by Newsweek. One in five people said they’d no longer be able to afford rent, bills or groceries after just one week of quarantine.
Unfortunately, it’s too late to start preparing for an economic meltdown if you haven’t already. If you don’t have 3-6 months worth of expenses in a savings account or otherwise liquid form, you may already also be experiencing the pain of the government’s solution.
How To Best Prepare Yourself For The Coming Financial Crisis
If Donald Trump does not want to be known as the authoritarian tyrant the mainstream media and leftists have made him out to be, he’ll step up and admit this lockdown was wrong and devastating and take immediate steps to reopen the economy. Don’t hold your breath, however. It’s our guess that he’s looking to get a phase 4 stimulus package done before people will be allowed to have some of their basic human rights back. At this point, it’s unlikely we’ll get all of our rights back.
Fifty-eight percent of workers say they won’t be able to pay rent, buy groceries, or take care of essential bills (such as electricity and water) if quarantined for 30 days or less, according to a new survey from the Society for Human Research Management (SHRM) released Wednesday morning. One in five workers said they’d be unable to meet those basic financial needs in less than one week under quarantine.
That’s devastating considering we’ve already been under quarantine for going on four weeks, three weeks for some parts of the country. “This has a real impact on people’s lives and it’s creating a level of stress that cannot be overstated,” said Johnny C. Taylor Jr., the president and CEO of SHRM, noting that many Americans live “right on the margins of paycheck to paycheck.”
The survey was conducted before Congress passed the historic $2 trillion stimulus package on March 27. SHRM acknowledged that some aspects of the CARES Act may “help mitigate” some of these problems for workers, according to Newsweek. But $1200 isn’t going to be enough for most people to survive on for one month, let alone longer. And in the face of mounting job losses, the solution has become the biggest problem of our collective human history.
SHRM also found that small businesses will be greatly impacted by the coronavirus outbreak. Half of small businesses in the U.S. can’t afford to pay employees for a full month under quarantine conditions. More than half of small businesses expect to see a loss in revenue somewhere between 10 and 30 percent. The group surveyed a sample of 512 small business owners from March 13 to March 16, 2020.
The stimulus package includes nearly $350 billion for a small business loan program called the Paycheck Protection Program. Treasury Secretary Steven Mnuchin told Fox Business Network on Monday that small business loans will be made available starting Friday.
President Donald Trump has said that the United States was “not built to be shut down” and at one point had expressed a desire to reopen the nation by Easter, which is on April 12. He has since backed away from that goal and has enforced social distancing guidelines until the end of the month. Newsweek
If Trump was concerned about the well-being of Americans, he’d lift all the restrictions now and potentially salvage what’s left of humanity and his reputation.
President Trump is not mandating or enforcing any lockdown. He has left that to the Governors of each individual State. At least in this he is abiding by the Constitution by leaving the lockdown decisions and enforcement to the States.
Some people are visibly ill. So, we quarantine the healthy.
“In the Bizarro world of “Htrae” [Earth spelled backwards], society is ruled by the Bizarro Code which states “Us do opposite of all Earthly things! Us hate beauty! Us love ugliness! Is big crime to make anything perfect on Bizarro World!” In one episode, for example, a salesman is doing a brisk trade selling Bizarro bonds: “Guaranteed to lose money for you”. Later, the mayor appoints Bizarro No. 1 to investigate a crime, “Because you are stupider than the entire Bizarro police force put together”. This is intended and taken as a great compliment.”
Is this still Constitutional? idc. I don’t literally need any form of authority, which will not acknowledge absolute truth, nor protect my natural rights.
It doesn’t make any difference if you need it or not, you have it and aren’t going to be able to do anything about it (other than die or otherwise destroy your life if you try).
For the time being, my [bizarro] state is quarantining the healthy, leniently.
But, it in light of fake drug tests, and fake CV tests, [bizarro] tests, trains, boats, and furnaces, I would hesitate to be tested.
ELE. Extinction Level Event.
The economy is wrecked. You can’t shut Industrial Civilization down and expect it to restart just like that. Every company shut down relies on a supply chain for inputs. Many of these are global supply chains. It’s like the chicken and the egg…which one will be able to start up first. None of them will. When one of them depends on payments from another and none have any free cash flow left, no one can start back up. Letters of credit for overseas supply shipping will dry up because of no cash flow.
Businesses are wiped out. Especially in the restaurant business it takes an enormous amount of investment to restock the coolers to restart. No cash flow and the coolers never come back on. The business is finished. Multiply this by hundreds of thousands and you have a total collapse of Industrial Civilization.
It will be worse than the Great Depression. If you are not self sufficient by now you will starve, as the shelves will eventually stay empty. Sure, a lot of food is grown here in the states, but the packaging and a lot of parts for the infrastructure to move it are made overseas…and as you know, they are shut down mostly, too.
The oil industry is collapsing because of low prices and no demand. Sure, gas is cheap, but no one needs it when they are at home. When that shuts down so does everything else.
Remember years ago, the YouTube videos of the stacks of FEMA coffins. Now you know some of what they had planned.
How about “preppers” being conspiracy theorist?
How does that troll comment fly now?
Remember: You Must Understand
There are no “good” times. The so called “good” times are a “Lull quite calm in the tide” to allow you to prepare and get ready for “normal” bad times.
Earthquakes, Storms, Blizzards, Hurricanes, Tornado, Drought, Famine, ALL of these are normal times. These events are historically “normal” for planet earth.
You are in a “good” time today. Understanf that. 6 March 2020 is a “good” time. So get to work preparing for bad times near term or far future. Do what you can. Pray for God’s help.
God wins in the end.
Note: George Washington lost most of his battles until he won the war.
use it up wear it out make due or go without. people need to quit pissin and moaning. deal with your situation. you 10 years to prepare. if people gave up drinking smoking dope gambling doing coke paying hookers they could have savings months of rent put back supplies gun ammo good vehicle. what ever happened to personal responsibility. ten years is a long time to get your house in order. if you fucked up own it. change your lifestyle now there is still hope.
The majority of the population have their priorities assbackwards, and have for a very long time.
We are witnessing the direct result of too many people trying to live ABOVE their means.
Live at,or better yet,slightly below your means, and you’ll be alright.
Keep trying to live like “the Jones’s” on the average salary, and chances are,when all is said and done, you won’t have a pot to pi$$ in,or a window to throw it out.
Maybe this is because preppers are considered hoarders and their supplies are subject to confiscation by the government?
It’s time to do what I do …. as I wrote all the above comments …. throw your legs over your head. Eat and drink all you want.
Ah … the privilege to be the above troll who writes all the above comments … so overall my advice is for all you to throw your legs over your head and eat and drink.
Best currency 3 months from now: meat,ammo, silver and gold. People have no idea how screwed the global situation is. My buddy in the army said they closed the doors at Cheyenne Mountain until August and COG is in place. You realize they have never closed the bunker before long term? Not even during the Cold War. Shits about to get real folks.