The stimulus checks they have kept the system from exploding are now in limbo, as the senate is out of town on a 3 day weekend. We have to believe they know how urgent and volatile this – of course they do.
Turns out the Democrats and the Republicans cannot reach an agreement. And surely a halfwit could have seen this train smash coming. Looks like politics is the order of the day, with both parties playing high stakes games with each other. They knew this deadline was coming, and I can imagine there are now millions of Americans more anxious than ever. And make no mistake, the rest of the world is going to feel it too. If America burns we will all suffer.
Sustaining the entire US economy is currently about unemployment checks and putting money in the hands of Americans, so they can spend. This is what the news keeps telling us.
The word “desperation” is something else that comes to mind, and it is bad for everyone, including you and me. Leadership in America is lacking.
Simply extending the stimulus is not a sustainable solution but right now, as you read this, they need to do something. Too many Americans are out of work, and the job market is bad bad bad. The number of job applicants for each job available is accelerating. There are more people looking for jobs then there are jobs on offer. People are typically not lazy and waiting for their stimulus checks. They are trying to survive and right now millions could be evicted and very soon without money for food. And the government leaders have gone away and we are all left wondering. What about the urgency. Again, they must know this. So, WTF?!
We are in the middle of a pandemic, and we are in the thick of things. The economy is getting hammered. Where is the vision, and long term view. This is not about people waiting for unemployment benefits. Sure, there will be some tales of people who are getting more than their actual previous salaries, but that is not the story here. The story is that the GDP dropped more in the last quarter than ever before in America’s history, and tens of millions of Americans may soon have no money for food. Big shit is coming. To everyone.
I recently posted a new article on Medium : https://medium.com/@ronnieapteker/imagine-if-these-guys-all-left-the-planet-20dd9b0d1b0f
I got a bunch of feedback. Some positive, some negative.
That new piece of text is my perspective. Perhaps I am onto something, or perhaps I am talking shit. It is the way I see things. I am not saying that all financial folk and money managers are full of shit. As I point out in the article, I know some good money people. But in general, in my experience, most of these money managers are parasites.
I would be keen to hear your views on this. Please email me if you want to share your perspective. You can email me on firstname.lastname@example.org
This year is like none other. I think it is safe to say that 2020 is exposing so much of the rot in the world. The corona virus is not nearly as destructive as greed. The biggest disease in the world today, in my view, is greed.
I have been writing a bit these past few months. You can check out the articles on Medium. The subject of “greed” is one of things I have been discussing. And also, I have been writing about “purpose”. To me, these two subjects need to be explored together. When someone lives their purpose and puts their heart into something, then the universe often rewards them for their efforts. But if someone is just a parasite, then this has nothing to do with purpose. When it comes to simply trying to take as much money off the table, without adding anything of value of to the world, then this is about being a parasite. Hedge fund managers, in my view, are a prime example.
One of the other articles I wrote was about Uber. Yesterday I saw this news item : https://edition.cnn.com/2020/07/21/tech/uber-uk-court-case-blm/index.html
“I think all Uber cares about is money. The way the [business] model is set, it’s all about mass-recruiting drivers. It’s all about exploiting the workforce,” he told CNN Business in an interview.