Covid - 19

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By all accounts a and e in Morriston last night was like a war zone with drunks druggies etc fighting with polic3 that had helped to bring the injured in....when the hell are the idiots out there going to learn. We are still in lockdown aren’t we?
At this rate will we ever get back to some normality?
My wife is in lockdown because of underlying conditions but she would dearly love to go to a beach and just stand for a fe2 minutes breathing in the sea air. She can’t and won’t in case she is stopped by our over worked police force......grr!!!!
 
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You cannot be serious guys! MILK!!...........<laugh>


Will Covid be the fall guy for the collapse of the world economy? Looks like it was set up to be so. USA debt to GDP stands at 110% as we speak, that is past the tipping point, and I cannot see it being recovered, to put it politely the Yanks are screwed, and I can only see them defaulting on their national debt, I think what is coming will dwarf the great depression of the 1920's. The UK has purchased $255 Billion, but China has purchased $1.5 Trillion.......<laugh>


Word of advise to you all get out of the Stock market, because it is ready to have it's biggest meltdown ever, I'm not even sure Bitcoin Crypto currencies are safe, which leaves Gold and silver Bullion coins?.....................<ok>
 
DragonPhilljack said:
Will Covid be the fall guy for the collapse of the world economy? Looks like it was set up to be so. USA debt to GDP stands at 110% as we speak, that is past the tipping point, and I cannot see it being recovered, to put it politely the Yanks are screwed, and I can only see them defaulting on their national debt, I think what is coming will dwarf the great depression of the 1920's. The UK has purchased $255 Billion, but China has purchased $1.5 Trillion.......<laugh>
Click to expand...

Probably a daft naive question :grin: .... but couldn't all the world's governments agree to wipe off the debt and start again at pre Covid levels?
 
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daimungeezer said:
Probably a daft naive question :grin: .... but couldn't all the world's governments agree to wipe off the debt and start again at pre Covid levels?
Click to expand...



A certain amount of write off can occur, but just look at the conditions that get imposed for example on Greece? Of course the USA economy is far too big for this to happen in my opinion anyway, just look at what the level of QE that the Fed is into at the minute it is at $7 Trillion and will be at $10 Trillion by June/July they are pushing the national debt to unsustainable levels, very worrying times for those that have heavily invested in the stock market, this bubble will just have to burst, they are printing money at a criminal level it's crazy all this fake money they are using to prop up the US Stock exchange, the $ is worthless in my view, soon be junk......<ok>

PS: Forget about the kitchen sink, the Fed are throwing the whole bloody kitchen at this virus!! QE to infinity and beyond!!......<laugh>
 
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