New coronavirus in/from China

Default0ptions · Post by **Default0ptions** » 29 Mar 2020, 21:49

V2 - youi only pension is whatever you prepped for.

We all knew that business as usual was a dead duck in the long run.

What's really interesting is seeing how well we can manage to turn this covid fast crash into a slow crash...

fuzzy · Post by **fuzzy** » 29 Mar 2020, 21:56

I didn't follow that, but it didn't sound good

Here is the news:

https://www.youtube.com/watch?v=de0w8tU0j1U

Vortex2 · Post by **Vortex2** » 29 Mar 2020, 21:59

Points from today's HMG speech and media questions:

* Reported HMG death rates are too low according to some hospitals .. not really disputed by HMG.

* Lock-down could worst case last up to 6 months ... to prevent premature lifting of safety measures.

* Current deaths occur even 'tho all patients are currently receiving full care - no shortages yet.

Vortex2 · Post by **Vortex2** » 29 Mar 2020, 22:01

Default0ptions wrote:V2 - youi only pension is whatever you prepped for.

We all knew that business as usual was a dead duck in the long run.

What's really interesting is seeing how well we can manage to turn this covid fast crash into a slow crash...

So will most private sector pensions be reduced in value?

(Government pensions of course will be safe.)

Post by **clv101** » 29 Mar 2020, 22:02

Default0ptions wrote:We all knew that business as usual was a dead duck in the long run.

Exactly, the only real uncertainty has concerned mechanism and timing. Viral Pandemic and 2020 is looking like a pretty strong contender - which shouldn't come as a big surprise as it was sitting atop the National Risk Register for years.

Vortex2 · Post by **Vortex2** » 29 Mar 2020, 22:07

713K global cases now.

The growth curve is still exponential.

The growth curves for most countries are also exponential ... or at least not decaying.

Not much sign of major turn-arounds.

ReserveGrowthRulz · Post by **ReserveGrowthRulz** » 29 Mar 2020, 22:16

Default0ptions wrote: We all knew that business as usual was a dead duck in the long run.

Doomers gotta doom...I'll give you that one.

Default0ptions · Post by **Default0ptions** » 29 Mar 2020, 22:20

V2

All 'pensions' are toast.

What you have and can physically hold is all you have right now.

Vortex2 · Post by **Vortex2** » 29 Mar 2020, 22:23

Default0ptions wrote:V2

All 'pensions' are toast.

What you have and can physically hold is all you have right now.

So for once I didn't screw up financially, by cashing them in? Hurrah!

Default0ptions · Post by **Default0ptions** » 29 Mar 2020, 22:25

ReserveGrowthRulz wrote:
Default0ptions wrote: We all knew that business as usual was a dead duck in the long run.
Doomers gotta doom...I'll give you that one.

Thank you.

I hope you and your family get through this ok.

Default0ptions · Post by **Default0ptions** » 29 Mar 2020, 22:32

Vortex2 wrote:
Default0ptions wrote:V2

All 'pensions' are toast.

What you have and can physically hold is all you have right now.
So for once I didn't screw up financially, by cashing them in? Hurrah!

Hmm...

Its best to go into this future debt free. That way no one has a hold over you. I'd pay off whatever you can before fiat money debts become a claim on your liberty.

Vortex2 · Post by **Vortex2** » 29 Mar 2020, 22:39

Default0ptions wrote:
Vortex2 wrote:
Default0ptions wrote:V2

All 'pensions' are toast.

What you have and can physically hold is all you have right now.
So for once I didn't screw up financially, by cashing them in? Hurrah!
Hmm...

Its best to go into this future debt free. That way no one has a hold over you. I'd pay off whatever you can before fiat money debts become a claim on your liberty.

70% of the population will be in debt within a couple of weeks, so I won't be alone with my overdraught.

UndercoverElephant · Post by **UndercoverElephant** » 29 Mar 2020, 22:40

New plan for finishing the football season:

https://www.independent.co.uk/sport/foo ... reddit.com

vtsnowedin · Post by **vtsnowedin** » 29 Mar 2020, 22:49

Well I have no debt and am drawing both USA social security and a State government pension. I suppose both of those could get reduced or eliminated in the future but if that happens every other senior citizen will be in the same boat and the price of golf in Florida will come way down.
The winners will be those with little or no debt and the losers will be those still paying off mortgages on overpriced Mcmansions they bought as trophies late in their career. There will now be a surplus of such housing stock and they will be lucky to get out from under them for what they still owe and many will not be lucky.

Default0ptions · Post by **Default0ptions** » 29 Mar 2020, 22:52

Vortex2 wrote:
Default0ptions wrote:
Vortex2 wrote: So for once I didn't screw up financially, by cashing them in? Hurrah!
Hmm...

Its best to go into this future debt free. That way no one has a hold over you. I'd pay off whatever you can before fiat money debts become a claim on your liberty.
70% of the population will be in debt within a couple of weeks, so I won't be alone with my overdraught.

Debt Jubilees will only apply to the big boys. Its your liberty on the line here.