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Thread: U.S. economy shrank 4.8 percent in first quarter, the biggest decline since the Great

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    carolina73's Avatar Senior Member
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    That is 19.2% on an annual basis, so we better start growing when we start to open up.

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    texan's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    I agree in the short term.

    In the long term (unless there is a game-changer) our debt will crush us. We never never pay off a cent of it. It will just continue to grow.
    That is what they have said since I heard it at 20 years old. So far nothing. Maybe it will and I don't like it but it feels like climate change. Warning Will Rogers, but nada ever happens.

    People will tell you that we can service a certain amount of debt. It appears we can. I can also tell you the entire world is in the same situation right now. So that's all even Steven. We will see!
    I am tired of everyone fighting with each other. This is all by design.

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    Just AnotherPerson's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    I agree in the short term.

    In the long term (unless there is a game-changer) our debt will crush us. We never never pay off a cent of it. It will just continue to grow.
    It's crazy to think that some simple N95 masks could be that game changer. We could open up today. I am certain we can produce enough masks to make it happen. Everyone should contact the President and suggest it. I already have but one voice is not enough.

    The second wave has potential to be worse, but it doesn't have to be. We could hand out free masks to everyone in the nation and open it back up. We only need to wear them until the virus subsides, and it will. The masks will keep virus particles out of the air and will keep people from breathing them in, it is as simple as that.
    We are all brothers and sisters in humanity. We are all made from the same dust of stars. We cannot be separated because all life is interconnected.

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    carolina73's Avatar Senior Member
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    Quote Originally Posted by texan View Post
    That is what they have said since I heard it at 20 years old. So far nothing. Maybe it will and I don't like it but it feels like climate change. Warning Will Rogers, but nada ever happens.

    People will tell you that we can service a certain amount of debt. It appears we can. I can also tell you the entire world is in the same situation right now. So that's all even Steven. We will see!
    We should settle out the law suit with China by erasing their portion of the US debt they hold as a down payment. We have to start a rapid withdrawal on their exports to our country. So we have to pay a little more.

    China is now threatening Australia as a trading partner. Time to crush China.
    Last edited by carolina73; 04-29-2020 at 04:59 PM.

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    Quote Originally Posted by texan View Post
    That is what they have said since I heard it at 20 years old. So far nothing. Maybe it will and I don't like it but it feels like climate change. Warning Will Rogers, but nada ever happens.

    People will tell you that we can service a certain amount of debt. It appears we can. I can also tell you the entire world is in the same situation right now. So that's all even Steven. We will see!
    The reason it has not happened yet is because the USD is the main global reserve currency. Other nations and people buy US debt to operate on the global financial scene.

    I will give you one guess at what will happen once the USD is no longer the reserve currency,.
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    We could, and this has been proposed, simply end all taxes and just issue debt to cover all bills in the US.

    How is that going to work out?
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    Quote Originally Posted by carolina73 View Post
    We should settle out the law suit with China by erasing their portion of the US debt they hold as a down payment. We have to start a rapid withdrawal on their exports to our country. So we have to pay a little more.

    China is now threatening Australia as a trading partner. Time to crush China.
    China has an Ace. We have zero antibiotic manufacturers in the US. Guess where we get them and many other meds? China. China can cripple our health care with the snap of their fingers
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    Quote Originally Posted by Peter1469 View Post
    We could, and this has been proposed, simply end all taxes and just issue debt to cover all bills in the US.

    How is that going to work out?
    It would create hyper inflation.
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    carolina73's Avatar Senior Member
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    Quote Originally Posted by Just AnotherPerson View Post
    It's crazy to think that some simple N95 masks could be that game changer. We could open up today. I am certain we can produce enough masks to make it happen. Everyone should contact the President and suggest it. I already have but one voice is not enough.

    The second wave has potential to be worse, but it doesn't have to be. We could hand out free masks to everyone in the nation and open it back up. We only need to wear them until the virus subsides, and it will. The masks will keep virus particles out of the air and will keep people from breathing them in, it is as simple as that.
    But t isn't completely. N-95 was named because it only let 5% of the particles of over the range of 1/10 to 1 micron. The Virus cells are about 3/10s of a micron in diameter. So if you wear a mask for 20 days then something will pass through once on average the smallest size pores and 70% will pass through the largest of the pores all the time. That is one of the reasons for the folds in the mask, because it denies you the opportunity to draw in the virus in a straight line through the pore. That is why they tell you to fold the bandana 2 to 3 times if you do not have a mask. It still has the same porosity but you can't suck it straight through the top pores.

    So wear the mask but all you are doing is reducing the odds. Eventually the odds are going to catch up to you.

    • N95, N99, N100 – These respirators are not resistant to oil (think N for “not resistant”) and filter 95%, 99% or 99.97% of airborne particles.
    • R95, R99, R100 – These respirators are somewhat resistant to oil (think R for “resistant”) and filter 95%, 99% or 99.97% of airborne particles.
    • P95, P99, P100 – These respirators are highly oil resistant (think P for “oil proof”) and filter 95%, 99% or 99.97% of airborne particles.
    • HE (High Efficiency Particulate Air) – These filters are only used in powered air purifying respirators (PAPRs). These devices filter 99.97% of airborne particles.
    N-95 mask are used in factories all over the USA and I was surprised when this story broke and I realized that this was what our doctors were using for particles measured in nano-meters.

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    carolina73's Avatar Senior Member
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    Quote Originally Posted by Cotton1 View Post
    China has an Ace. We have zero antibiotic manufacturers in the US. Guess where we get them and many other meds? China. China can cripple our health care with the snap of their fingers
    And who knows what they are really sending us.
    Last edited by carolina73; 04-29-2020 at 08:01 PM.

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