Thu Mar 12 20:45:36 2020
<6707bcd9> I see something different. The economy is psychologically driven. The economy has been doing well because people are optimistic. What’s changed?
<8f79fcda> <@U3TK24FU1> how is china NOT to blame for this???
<6707bcd9> The administration promises relief for businesses being affected
<9e126bf3> I think it is fair. They are openly weaponizing it now, saying that they can allow the virus to spread unchecked in our country because we are morons and gave them our productive capacity for so many things including medicine. Also, they are blaming US for creating this bioweapon against the world! They are fucking kings of gaslighting
<6707bcd9> Again, wuflu is an event that has a timer. It’s eventually going to be over and things will return to normal. What’s going to be different in the post wuflu world?
<6707bcd9> What if this causes people to see the problems with foreign supply chains, and it causes a resurgence in domestic manufacturing?
<6707bcd9> Then jobs galore
<9e126bf3> war could be the difference
<8f79fcda> “oops we released an aerosolized bioweapon” better thank us for it
<9e126bf3> I hope you’re right that we start rebuilding our productive capacity.
<9e126bf3> But that means taking away leverage from China. This deviates from the script
<8f79fcda> <@U3TK24FU1> people are sitting on a boatload of cash and going to be putting it into basic goods like toilet paper. production remains the same, but people are now going to be putting that money into acquiring more raw materials, increased production (capex), and new companies/investment vehicles
<5547a085> Theres not enough pain, fear and misery
<5547a085> I dont actually see enough visible panic
<5547a085> Where is the blood in the streets?
<8f79fcda> on one hand, i agree, we should be at readiness for this, but to blame “tromp” for this is ridiculous. don’t start shit, there won’t be no shit
<5547a085> A flag is forming around 6000
<5547a085> We need to send the economists to the guillotine and hang all the central bankers lol
<6707bcd9> Why does there have to be blood on the streets of?
<8f79fcda> coinbase is showing 5600
<9e126bf3> is it a white flag? :try_not_to_cry:
<8f79fcda> doge at 30
<75f07d61> Yes it started in china, but not blaming trump specifically Obama and leadership prior contributed to the mess
<773ab1f1> <https://www.coindesk.com/defi-leader-makerdao-weighs-emergency-shutdown-following-eth-price-drop|https://www.coindesk.com/defi-leader-makerdao-weighs-emergency-shutdown-following-eth-price-drop>
— DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop – CoinDesk
— A large drop in the price of ether is testing the feasibility of Ethereum’s entire system of lending and borrowing.
<9e126bf3> lol damn
— “This Is Worse Than Lehman”
— While the absolute size of the decline overall is not as bad as during the great financial crisis, the velocity of the moves are unprecedented.
<9e126bf3> this event is literally what ZH has been alluding to its whole existence lol, this central bank fueled epic crash