They create that money out of thin air. I believe in free market capitalism - I'm an entrepreneur and I study economics but the big banks are just scamming if you understand there business model. Citizens should be able to pay off a home in about 10-15 years, not 25-30. Banks are stealing the labour of the people through obscene interest payments , it's organized theft.
OT: COVID-19-No politics! Read post #1
- Thread starter Warden of the North
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They create that money out of thin air. I believe in free market capitalism - I'm an entrepreneur and I study economics but the big banks are just scamming if you understand there business model. Citizens should be able to pay off a home in about 10-15 years, not 25-30. Banks are stealing the labour of the people through obscene interest payments , it's organized theft.
Mark Stones Spleen
Registered User
I'm watching a live stream of someone living and streaming from Tokyo and while the Japanese have about double the number of known people infected with the virus and they of course are living in much more densely populated cities, its pretty interesting to see how they don't seem to be nearly as panicked and worried about the virus as many other nations are.
I mean some places like Italy definitely need to be more worried than elsewhere, but Japanese people seem to be taking safety measures while at the same time are just going on living their lives without freaking out, panic buying and thinking its the end of the world it seems.
I'm not saying this virus isn't serious by any means, but it seems like many people have swung far too much the other way and are making it seem like this virus is civilization ending or something. Should people be careful and concerned? Of course. But at the same time this isn't ebola where if you get it you're quite screwed and you need to avoid getting it at all costs. So while people definitely need to take precautions, I can't help but feel we're now freaking out abit too much over something that isn't an end of the world event, not even close.
I mean some places like Italy definitely need to be more worried than elsewhere, but Japanese people seem to be taking safety measures while at the same time are just going on living their lives without freaking out, panic buying and thinking its the end of the world it seems.
I'm not saying this virus isn't serious by any means, but it seems like many people have swung far too much the other way and are making it seem like this virus is civilization ending or something. Should people be careful and concerned? Of course. But at the same time this isn't ebola where if you get it you're quite screwed and you need to avoid getting it at all costs. So while people definitely need to take precautions, I can't help but feel we're now freaking out abit too much over something that isn't an end of the world event, not even close.
Don't get me wrong, I think the big banks absolutely suck and have way to much influence in the political process as well as being price gouging *****
That doesn't mean I think they should be the ones giving people financial bailouts though, that's something that is and should remain a governmental decision and responsibility
We've given the big banks way to much protection over the years imo and have helped them cripple any potential competition that could compete with them, we've helped them monopolize the market basically
DenisSamson3
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My mom is working at a carehome in Vancouver. Told me there are 2 residents sick and they have been waiting 3 days for test results. Said the health ministry replied it would take 4 to 8 days.
DenisSamson3
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Los Angeles has let go 600 prisoners and lowered its arrest averages from 300 a day down to 60. That will probably start occuring more commonly in the USA. Iran has let 90 000 prisoners out so far.
Ratboy
I made a funny!
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DenisSamson3
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ShameOnYouZidlicky
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Despite multiple recommendations that we should be undergoing any non urgent medical care, both of the physiotherapy clinics I work for have their doors open for business. This is also with many major Toronto clinics being closed yesterday as well.
Blue Nate
Registered User
I'd bet just locking down bars, restaurants, and daycares officially for today. As in consequences for those who don't.
I don't see full lockdown yet.
I'm also assuming Ford is just shutting down bars and setting a curfew or something.
If that's the case, police would have a nightmare dealing with house parties and such.
College kids are still gonna drink.
If that's the case, police would have a nightmare dealing with house parties and such.
College kids are still gonna drink.
A glimmer of hope .
Was watching Good Morning America and they are saying a drug (Remdesivir) that was created for the Ebola outbreak but failed .
Is now being offered to the most serious Coronavirus virus .
One man was administered a 5 day within 48 hrs was seeing noticeable changes.
Very few side effects.
A glimmer of hope
Was watching Good Morning America and they are saying a drug (Remdesivir) that was created for the Ebola outbreak but failed .
Is now being offered to the most serious Coronavirus virus .
One man was administered a 5 day within 48 hrs was seeing noticeable changes.
Very few side effects.
A glimmer of hope
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Yeah not sure of the reliability of the site... but I did see this... With the coronavirus, drug that once raised global hopes gets another shot
BertCorbeau
F*ck cancer - RIP Fugu and Buffaloed
This.
Given it's St Patrick's Day, it's actually a very critical and timely thing to announce this and put these measures into place.
Peasy
Registered User
Yup. Queen's students were still out partying all weekend.
The infamous Ezra street party that had 30k students last year in Waterloo is still expected to take place today with the municipality scared to do anything about it.
Warden of the North
Ned Stark's head
mapleleafs34
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- Apr 7, 2011
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this is probably just what their policy should be. They have ridiculous arrest rates in the US and you can get big prison sentences for pretty minor things. If you are carrying a small amount of weed in some states it can lead to prison time. These 600 prisoners aren’t going to be rapists, murderers and bank robbers. More like a kid who sold a small amount of weed, or someone with too many dui’s type.
arrest quotas are an inherently flawed way of police work, if you are doing a good job in reality you’d have no arrests at all due to such good work, ok that’s the extreme end. But quotas help no one puts pressure on officers to “get their numbers” and it means some of the most vulnerable will be put in court for offences that really only need a fine or even a talking to
DenisSamson3
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My gym is closing down. Does anyone know what usually happens with refunds? I got one month left but checked the website and it says to contact the community centre for refunds. Or will the computers freeze it and rollover the month when the gym opens?
ULF_55
Moderator
Actually, all the banks would have to do is give a payment holiday for a few months, but not reduce the debt.
If they wanted to be really generous they could forgive some interest, but really a payment holiday doesn't really do any harm, as they just recoup the money later.
Now if there is a housing crash the banks are going to be stuck with huge debt anyway, so a payment holiday could work in their favor, rather than have customers handing over their house keys like in the early 80's, they'd just push the pain out further, they could just "flatten the curve."
Pookie
Wear a mask
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