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It's possible that the government had to make sure that the Coronavirus would take hold in the US first. Otherwise the Fed would not have had a sufficiently goo

It's possible that the government had to make sure that the Coronavirus would take hold in the US first. Otherwise the Fed would not have had a sufficiently good excuse to justify their $1.5 trillion cash injection into the financial system.

shadowgovt 7y ago
[citation needed]
- cryptica 7y ago
  Citations require studies. Studies require funding. Funding requires institutional support. These kinds of accusations against institutions are not fundable; does that mean they're not worth discussing? Speculation is better than silence because there are gaps in the system which can easily be exploited by institutions to serve their own interests.
  - shadowgovt 7y ago
    In an era where people have demonstrated an inability to responsibly fact-check for themselves, I think it's actually an open question whether speculation is better than silence (depending on what forum one is operating in).
axxxx 7y ago
Not sure why this is downvoted. Crony capitalism needs these events to redirect more money to the beneficiaries. All hidden losses from the past 4 years will be booked in the Coronavirus quarter and then it is bailout time again.
- cryptica 7y ago
  Exactly, it would be naive to assume that the Fed didn't indentify and take advantage of this opportunity to bail out their cronies. The boom has lasted 10 years, that's about as long as these things typically last. Other countries will also follow suite. But it's good to see that countries like Australia are doing cash injections the right way. In the Australia, they did a much smaller AUD $17 billion cash injection but they gave money to senior citizens instead of big financial institutions. Welfare is meant for the poor and vulnerable, not for the rich.
  - shadowgovt 7y ago
    I think I misinterpreted your original statement. When you said "It's possible that the government had to make sure that the Coronavirus would take hold in the US first," I thought you meant "An agent of the US government literally dropped a vial of victim spit in JFK airport, 12-Monkeys style." Apologies if I misunderstood you.

shadowgovt 7y ago

[citation needed]

cryptica 7y ago
Citations require studies. Studies require funding. Funding requires institutional support. These kinds of accusations against institutions are not fundable; does that mean they're not worth discussing? Speculation is better than silence because there are gaps in the system which can easily be exploited by institutions to serve their own interests.
- shadowgovt 7y ago
  In an era where people have demonstrated an inability to responsibly fact-check for themselves, I think it's actually an open question whether speculation is better than silence (depending on what forum one is operating in).

axxxx 7y ago

Not sure why this is downvoted. Crony capitalism needs these events to redirect more money to the beneficiaries. All hidden losses from the past 4 years will be booked in the Coronavirus quarter and then it is bailout time again.

cryptica 7y ago
Exactly, it would be naive to assume that the Fed didn't indentify and take advantage of this opportunity to bail out their cronies. The boom has lasted 10 years, that's about as long as these things typically last. Other countries will also follow suite. But it's good to see that countries like Australia are doing cash injections the right way. In the Australia, they did a much smaller AUD $17 billion cash injection but they gave money to senior citizens instead of big financial institutions. Welfare is meant for the poor and vulnerable, not for the rich.
- shadowgovt 7y ago
  I think I misinterpreted your original statement. When you said "It's possible that the government had to make sure that the Coronavirus would take hold in the US first," I thought you meant "An agent of the US government literally dropped a vial of victim spit in JFK airport, 12-Monkeys style." Apologies if I misunderstood you.