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Thread: Bailout 2020: The Great Bipartisan Bribe

  1. #1

    Bailout 2020: The Great Bipartisan Bribe

    By Brian4Liberty - March 26, 2020

    (RPF) - Who remembers TARP 2008 and the related bailouts and stimulus? You might not remember, but the government remembers. Politicians remember. And they learned from that experience.

    The outrage was nearly universal. The common people of the left and the right were vocally opposed. The phone lines at Congress were flooded. A new movement was started called Occupy Wall Street, which in the beginning included people from across the political spectrum, opposed to crony corporatism, Oligarchy and Plutocracy. “Too big to fail” and “socialism for the rich, rugged capitalism for the masses” were popular war cries.

    Fast forward to 2020. It’s time again for bailouts. But this time, there is a bipartisan twist. Democrat and Republican leaders alike support payments to every American. Some find this strange. Many people don't want or need it. Not everyone is one check away from the streets. Why is the establishment pushing this, and in such a bipartisan manner? McConnell and Pelosi agree, this is the most important and urgent action they can take.

    The answer is simple. They learned from the past. Call it stimulus. Call it relief to people who have lost income. Call it redistribution of wealth. Call it a step towards Universal Basic Income. Call it the benevolence of McConnell, Schumer, Pelosi, Trump and Mnuchin.

    It is being called many things, except for the one thing that it is above all else. It’s a bribe. America is being paid to be silent. Here’s some cash. Don't protest, don't complain, don't say you didn't get anything this time.

    Now step aside while trillions of dollars once again flow to special interests and the murky shadows and corners of the crony corporatist world. You took your bribe, now sit down and shut up.
    Last edited by Brian4Liberty; 03-26-2020 at 05:55 PM.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.



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  3. #2
    Quote Originally Posted by Brian4Liberty View Post
    By Brian4Liberty - March 26, 2020

    (RPF) - Who remembers TARP 2008 and the related bailouts and stimulus? You might not remember, but the government remembers. Politicians remember. And they learned from that experience.

    The outrage was nearly universal. The common people of the left and the right were vocally opposed. The phone lines at Congress were flooded. A new movement was started called Occupy Wall Street, which in the beginning included people from across the political spectrum, opposed to crony corporatism, Oligarchy and Plutocracy. “Too big to fail” and “socialism for the rich, rugged capitalism for the masses” were popular war cries.

    Fast forward to 2020. It’s time again for bailouts. But this time, there is a bipartisan twist. Democrats and Republicans alike support payments to every American. Some find this strange. Many people don't want or need it. Not everyone is one check away from the streets. Why is the establishment pushing this, and in such a bipartisan manner? McConnell and Pelosi agree, this is the most important and urgent action they can take.

    The answer is simple. They learned from the past. Call it stimulus. Call it relief to people who have lost income. Call it redistribution of wealth. Call it a step towards Universal Basic Income. Call it the benevolence of McConnell, Schumer, Pelosi, Trump and Mnuchin.

    It is being called many things, except for the one thing that it is above all else. It’s a bribe. America is being paid to be silent. Here’s some cash. Don't protest, don't complain, don't say you didn't get anything this time.

    Now step aside while trillions of dollars once again flow to special interests and the murky shadows and corners of the crony corporatist world. You took your bribe, now sit down and shut up.
    Truth +1 rep

  4. #3
    Treasury Secretary Steve Mnuchin reveals the inspiration for his “cash now” program...

    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  5. #4
    JEFF DEIST: Against the coronavirus corporate bailout

    Americans should oppose the nearly $2 trillion corporate bailout bill masquerading as “stimulus” … This profligate spending will do little to help the American economy or average citizens in the long run. But the additional debt added to an already whopping $1 trillion 2020 federal deficit will plague taxpayers for years. …

    with vast parts of the U.S. economy shut down … More money and more cheap credit can’t stimulate anything in such an environment, because money and credit aren’t goods and services. It can and will, however, saddle future generations of Americans with more debt misery and entrench a standard of moral hazard for corporations from which free markets may never recover.

    The correct response to the current economic crisis is simple and painful. First, get America back to work as soon as possible. …
    Second, allow existing bankruptcy and insolvency processes to run their course. Bailouts are not the answer, new owners who can turn companies around are. Corporate assets, contracts and products don’t disappear in bankruptcy. … executives and boards of failing companies should lose their jobs first and foremost, and new shareholders should seek clawbacks of ill-deserved bonuses and stock compensation. … shareholders, not taxpayers, must bear the economic burden when companies fail. …

    this proposed bill is lengthy and its details are fuzzy. But today’s Wall Street Journal sums up the whole sordid process nicely: “Lobbyists Pile On to Get Wins for Clients Into Coronavirus Stimulus Package.” …
    $500 billion in business “loans” from the U.S. Treasury, which means backed by you and me. Seventy billion dollars is earmarked for airlines and their suppliers, including Boeing, Delta, United and General Electric. Airlines … reportedly spent more than 95 percent of their free cash flow in recent years on stock buybacks. … If they need money now, they have several choices: Borrow, sell stock or sell airplanes. … don’t executives remember the falloff of travel after 9/11? Why don’t they hold more operating cash? …

    How do we pay for it all? Congress doesn’t have $2 trillion to spend, and 2020 tax receipts won’t begin to cover the bill. This means the federal government will effectively “print” the money, … by issuing new Treasury debt and using the Federal Reserve Bank as a backstop … what sort of investor wants to loan Uncle Sam money for 10 years at less than 1 percent interest anyway? …
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

  6. #5

    https://twitter.com/USAB4L/status/1243677247405297665
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  7. #6
    There has been such a massive buildup in private sector corporate debt. If you do nothing, you could have years of 20% unemployment. That situation won't hold. The bolded part in the article below is why I favor the nuclear weapons the Fed and government are using but I think we are in for a lot pain and potential systemic risk. The problem is this is a Faustian bargain. These actions just get us through the short term This whole thing is a massive experiment for high stakes and I am not so sure we are going to come out it as a great country.

    The country needs to reduce leverage to survive. This isn't over when the virus abates.

    The ultimate policy goal is to stabilize the economy by salvaging industries that will need to provide employment when the pandemic ends. Given the high level of leverage in these companies, any gaps in cashflow will make it impossible for many companies to service their debt. The total debt of U.S. nonfinancial businesses has grown by about $6 trillion since 2007, while cash on hand has only grown by $1.7 trillion. A big driver of that debt growth has been buying back stock.

    Lending these companies more money will only compound the long run problem resulting from over-leverage and make the companies even more vulnerable to failure in the long run.

    We are experiencing the end game of the great debt super cycle. As the private sector has become increasingly over-levered, the baton is being passed to the public sector where resources are so strained that the printing press has become the last resort

    In the normal course, companies reorganize and creditors haircut debts on a case by case basis. This process, however, is time consuming and expensive. Given the systemic nature of the current crisis, the sheer volume of reorganizations would swamp the financial and legal systems and large defaults would be followed by asset liquidations that would depress the value of collateral backing other loans and likely set off a downward spiral.

    By quickly turning up the printing presses, global central banks would need to provide reserves at a faster rate than the collapse in the velocity of money. This is a delicate exercise and one that would be difficult to execute successfully.
    The risks on both sides is not moving quickly enough and overdoing it. If there is too little money made available, the prices of assets used as collateral backing loans will spiral downward. If there is too much, inflation will spiral out of control.
    https://www.guggenheiminvestments.co...ustian+bargain
    Last edited by Krugminator2; 03-27-2020 at 05:56 PM.

  8. #7
    I basically agree with his analysis. It is a nice critique of the problems with all of this intervention. But the problem is he thinks things will just work themselves out if you do nothing. He thinks the Great Depression was just some accident from tariffs or whatever. If you just let everyone go bankrupt right now, you will have a spiral that will take years if not a decade or more to get through. I heard the stories from grandparents of the Great Depression. That is something that I don't want to experience. There is no good solution to this.

  9. #8
    Quote Originally Posted by Krugminator2 View Post
    I basically agree with his analysis. It is a nice critique of the problems with all of this intervention. But the problem is he thinks things will just work themselves out if you do nothing. He thinks the Great Depression was just some accident from tariffs or whatever. If you just let everyone go bankrupt right now, you will have a spiral that will take years if not a decade or more to get through. I heard the stories from grandparents of the Great Depression. That is something that I don't want to experience. There is no good solution to this.
    Bush stimulus act in 2008 DIDN'T WORK.

    Obama's stimulus act in 2009 DIDN'T WORK.

    Tthis one won't work... it will make things worse just like Bush and Obama's.

    Enjoy your check and spend it soon because they're going to destroy the dollar.



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  11. #9
    Quote Originally Posted by Warlord View Post
    Bush stimulus act in 2007 DIDNT WORK.

    Obama's stimulus act in 2009 DIDN'T WORK.

    Tthis one won't work... it will make things worse just like Bush and Obama's.

    Enjoy your check and spend it soon because they're going to destroy the dollar.
    Safe to say I won't be getting a check so nothing to spend. The fact that you are comparing this to interventions of Bush and Obama (both of which I would oppose) shows you don't understand the situation at all.

  12. #10
    Quote Originally Posted by Krugminator2 View Post
    Safe to say I won't be getting a check so nothing to spend. The fact that you are comparing this to interventions of Bush and Obama (both of which I would oppose) shows you don't understand the situation at all.
    The point is they did a stimulus under Bush and Obama and all it did was create an even bigger problem.

    And all the stimulus does is lead to more debt/deficits/moral hazard/malinvestment/crowding out private finance/more welfare, etc etc etc.

    in other words IT DOES NOT WORK.

    So why do you insist on supporting this 2 trillion monstrosity ?

    It does nothing to help the economy, in fact it makes it worse because now people will figure out they can make more over the next 4 months by claiming unemployment than taking a job when things open again.

    How is that sensible ?

  13. #11
    Quote Originally Posted by Warlord View Post
    The point is they did a stimulus under Bush and Obama and all it did was create an even bigger problem.

    And all the stimulus does is lead to more debt/deficits/moral hazard/malinvestment/crowding out private finance/more welfare, etc etc etc.

    in other words IT DOES NOT WORK.

    So why do you insist on supporting this 2 trillion monstrosity ?

    It does nothing to help the economy, in fact it makes it worse because now people will figure out they can make more over the next 4 months by claiming unemployment than taking a job when things open again.

    How is that sensible ?
    This isn't a stimulus like public works projects. Obama's plan was just a bunch of programs like short term tax cuts and programs like cash for clunkers. It was Keynesian stimulus (which has a mixed record) to boost spending. This bill has little to do with stimulus and everything to do with avoiding the systemic risk of bankruptcies. That is why most of it is loans to backstop businesses and the remainder is checks to keep people paying bills.

    We had a depression in the 1930's called the Great Depression. It was caused by letting banks fail which caused depositors not to be able to pays debts which caused more bank failures and a money supply collapse which caused people throughout the economy not be able to service debt. It was a never ending spiral. Those bankruptcies took years to settle. How did the let things go to hell method work? The Peter Schiff method was a decade of pain.

    What happens if you just let things work themselves out right now? Think hard. If people don't pay rent, the property management companies can't pay their mortgage and they fold. If corporations in vulnerable industries like hospitality start folding, you are talking about tens of millions of people whose jobs are at stake. Bankruptcies mean layoffs and they also mean a complete halt to new investment. What happens if investment halts throughout the entire economy for years while bankruptcies get settled?
    Last edited by Krugminator2; 03-27-2020 at 06:33 PM.

  14. #12
    Quote Originally Posted by Krugminator2 View Post
    This isn't a stimulus like public works projects. Obama's plan was just a bunch of programs like short term tax cuts and programs like cash for clunkers. It was Keynesian stimulus (which has a mixed record) to boost spending. This bill has little to do with stimulus and everything to do with avoiding the systemic risk of bankruptcies. That is why most of it is loans to backstop businesses and the remainder is checks to keep people paying bills.

    We had a depression in the 1930's called the Great Depression. It was caused by letting banks fail which caused depositors not to be able to pays debts which caused more bank failures and a money supply collapse which caused people throughout the economy not be able to service debt. It was a never ending spiral. Those bankruptcies took years to settle. How did the let things go to hell method work? A decade of pain.

    What happens if you just let things work themselves out right now? Think hard. If people don't pay rent, the property management companies can't pay their mortgage and they fold. If corporations in vulnerable industries like hospitality start folding, you are talking about tens of millions of people whose jobs are at stake. Bankruptcies mean layoffs and they also mean a complete halt to new investment. What happens if investment halts throughout the entire economy for years while bankruptcies get settled?
    The point you dont seem to accept is that bankruptcy is a good thing as it gets rid of the incompetent management team who put the firms in peril in the FIRST place!

    Bailing them out is not going to FIX the problem..

    Do you follow?

    Bailouts don't work and neither will going into 2 trillion debt to send everyone a check will not work.

    The Great depression was made worse because of government intervention in the economy. I suggest you read and learn.

  15. #13
    if you can't survive 2 weeks without a paycheck, especially with a 50k+ year job idk what to even say to be honest
    A savage barbaric tribal society where thugs parade the streets and illegally assault and murder innocent civilians, yeah that is the alternative to having police. Oh wait, that is the police

    We cannot defend freedom abroad by deserting it at home.
    - Edward R. Murrow

    ...I think we have moral obligations to disobey unjust laws, because non-cooperation with evil is as much as a moral obligation as cooperation with good. - MLK Jr.

    How to trigger a liberal: "I didn't get vaccinated."

  16. #14
    Quote Originally Posted by Warlord View Post
    The point you dont seem to accept is that bankruptcy is a good thing as it gets rid of the incompetent management team who put the firms in peril in the FIRST place!

    Bailouts don't work and neither will going into 2 trillion debt to send everyone a check will not work.
    I am sure telling people in towns of boarded up restaurants and small businesses that a new management team is all that is needed to get things started will be real effective.

    The Great depression was made worse because of government intervention in the economy. I suggest you read and learn.
    Given that this is the single most interesting topic to me and I have thought about this very topic and debated it for the last decade, I suspect I have read any author you could mention and have considered their opinion. I strongly suspect you have read exactly zero people that I have mentioned. Start with listening to what Milton Friedman said about the depression and then try to refute.

  17. #15
    Quote Originally Posted by Warrior_of_Freedom View Post
    if you can't survive 2 weeks without a paycheck, especially with a 50k+ year job idk what to even say to be honest
    I bet I'll end up with 6 weeks and then several months of lost rental income right while I have to pay property tax and I'll survive . Probably won't be having any lobster at any closed restaurants but i'll make it . The real question is will I survive this now that they'll be doing it every year ? I would not even want to try so I'll be doing things differently.

  18. #16
    Quote Originally Posted by oyarde View Post
    I bet I'll end up with 6 weeks and then several months of lost rental income right while I have to pay property tax and I'll survive . Probably won't be having any lobster at any closed restaurants but i'll make it . The real question is will I survive this now that they'll be doing it every year ? I would not even want to try so I'll be doing things differently.
    What about all the illegal immigrants working jobs in closed restaurants. How will people eat?



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  20. #17
    Quote Originally Posted by nikcers View Post
    What about all the illegal immigrants working jobs in closed restaurants. How will people eat?
    Ya , I don't know . People are going to be cooking more for themselves . Peoples gross income for this yr will be down.

  21. #18
    Quote Originally Posted by oyarde View Post
    Ya , I don't know . People are going to be cooking more for themselves . Peoples gross income for this yr will be down.
    How long will the illegal immigrants savings last without a federal bailout? Is the state going to bail them out and then the federal government bails out the state?

  22. #19
    Quote Originally Posted by nikcers View Post
    How long will the illegal immigrants savings last without a federal bailout? Is the state going to bail them out and then the federal government bails out the state?
    I do not think they are going to get bailed out . Pretty much only people with social security numbers that file yearly taxes are getting anything best I can tell.

  23. #20
    Quote Originally Posted by oyarde View Post
    I do not think they are going to get bailed out . Pretty much only people with social security numbers that file yearly taxes are getting anything best I can tell.
    I haven't read the bill but as I understand it the Dems got language in there to give the immigrants a check.

  24. #21

    Because People Mismanage Money

    Quote Originally Posted by Warlord View Post
    The point you dont seem to accept is that bankruptcy is a good thing as it gets rid of the incompetent management team who put the firms in peril in the FIRST place!

    Bailing them out is not going to FIX the problem..

    Do you follow?

    Bailouts don't work and neither will going into 2 trillion debt to send everyone a check will not work.

    The Great depression was made worse because of government intervention in the economy. I suggest you read and learn.
    Quote Originally Posted by Warrior_of_Freedom View Post
    if you can't survive 2 weeks without a paycheck, especially with a 50k+ year job idk what to even say to be honest
    I am convinced that those two problems (one on a collective level, and the other on an individual level) are the main reasons why an economy fails, and it causes people to run to the central government for aid.
    "Diverse weights are an abomination unto the LORD, and a false balance is not good." - Proverbs 20:23

    "Lowering interest rates punishes people for saving, thus encouraging consumers and businesses to spend every penny they make...The Federal Reserve’s inflationary policies harm the average American by eroding the dollar’s purchasing power." - Dr. Ron Paul

  25. #22
    Quote Originally Posted by Warlord View Post
    I haven't read the bill but as I understand it the Dems got language in there to give the immigrants a check.
    I do not see how , the treasury is going to use the IRS to direct deposit checks based on 2018 or 2019 tax filing .

  26. #23
    Believe it or not there are a lot of people who pay taxes and don't file too . They're out as well.

  27. #24
    Quote Originally Posted by oyarde View Post
    I do not see how , the treasury is going to use the IRS to direct deposit checks based on 2018 or 2019 tax filing .
    They won't get a check directly but there;s $350 million in there for the State Dept for 'migration assistance'



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  29. #25
    Quote Originally Posted by Warlord View Post
    They won't get a check directly but there;s $350 million in there for the State Dept for 'migration assistance'
    Oh that is to bring in new dem voters , they don't care about the dumbass ones that are already here .They get those votes for nothing .

  30. #26
    If I was treasury sec I would not release the migrant money . If I had to it would go to border patrol.

  31. #27
    Quote Originally Posted by oyarde View Post
    If I was treasury sec I would not release the migrant money . If I had to it would go to border patrol.
    This covers the treasury's and the Fed's latest scheme to do a socialist take over:

    http://www.ronpaulforums.com/showthr...the-Democrats!

  32. #28
    Quote Originally Posted by Krugminator2 View Post
    I am sure telling people in towns of boarded up restaurants and small businesses that a new management team is all that is needed to get things started will be real effective.



    Given that this is the single most interesting topic to me and I have thought about this very topic and debated it for the last decade, I suspect I have read any author you could mention and have considered their opinion. I strongly suspect you have read exactly zero people that I have mentioned. Start with listening to what Milton Friedman said about the depression and then try to refute.
    Perhaps what they should be told is that the economic model their leaders have imposed upon them was fundamentally unsound, and those leaders (corporate and 'public') should be divested of all power--forever.

    Since debt seems to be ubiquitous in bubbles--great depression, recession, or whatever euphemism comes next (the great regression? the great obsession? the great object lesson) it doesn't seem to me (neophyte that I am) to make sense to pump more debt into a bubble and expect anything except a stay of execution. Maybe it wasn't a good idea to offshore all of the value producing labor and embrace an economy wherein the vast majority of the labor force seems to merely drive each-other around in Ubers.
    Last edited by bv3; 03-28-2020 at 01:42 AM.

  33. #29
    I basically agree with his analysis. It is a nice critique of the problems with all of this intervention. But the problem is he thinks things will just work themselves out if you do nothing. He thinks the Great Depression was just some accident from tariffs or whatever. If you just let everyone go bankrupt right now, you will have a spiral that will take years if not a decade or more to get through. I heard the stories from grandparents of the Great Depression. That is something that I don't want to experience. There is no good solution to this.
    This erroneous superstition that bailouts will “save us from another great depression” is but a mindless delusion. Not surprising, as it is the product of years of false teaching in the public indoctrination (government school system).

    Saying you want the socialist bailouts because you don’t want a great depression, is like saying you want to redistribute food to save plague infested rats in order to try to stop a plaque.

    Redistribution bailouts and further currency destruction can’t stop the collapse. Such crony socialism can only make it worse. The crony socialist bailouts fuel and exacerbate and prolong a great depression. They only further collapse the dollar, destroy the savings, reward the corrupt and the incompetent, encourage malinvestment, expand moral hazard, increase the debt, etc.

    All the crony socialist bailout does is shift some of the consequences of the bad actions from the bad actors onto the backs of the working class, and general populace at large. It is crony socialism to redistribute the losses onto the masses.

    It’s too late to stop the collapse. The causes for this collapse has been Fed and government intervention for many decades. The fed’s artificial booms and bust cycles, the artificial low interest rates that distort market signals and discourage savings and encourage irresponsible debt loads, the fed backstopping risky behavior and over-leveraging, the artificial credit expansion, the currency creation, the inflation shifting wealth from workers and saver to speculators, the national debt, the redistribution of wealth, the government regulations, taxes, and on and on …

    The crony socialist bailouts are just more of the same redistribution of wealth from workers and savers to bad management, and bad speculators. The bailouts just adding more fuel to an already burning in fire.

    Bailouts won’t stop a great depression, but rather fuel and exacerbate a great depression. Contrary to the deceitful dogma taught in the public indoctrination centers, Government intervention did not “save us” from the great depression. Government intervention caused the depression and then fueled, prolonged and exacerbated the great depression. (First under Hoover with the fair trade and fair labor policies, the high wage policies, the increased taxes, the massive pork spending projects, the federal levies, the artificial price supports, the Norris-Laguardia Act, the Federal Reconstruction Finance Corporation, the artificial public credit extensions, the public works projects, the Smoot-Hawley tariffs, the bailouts, and other redistributions and market distortions, followed by the FDR’s equally disastrous New Deal projects).

    The collapse of 1920 was deeper. But most people don’t learn about it in the public indoctrination system (aka public education). The 1920 collapse, although deeper, did not last long precisely because the government did not prolong it with intervention. In fact government did the opposite and actually cut spending. The bad businesses were allowed to go bankrupt. The assets were sold off from the bad management to new startups, creative innovators, and better managers. The bad management, the malinvestment, the bad debt, the excess leverage, the economic infections and poisons were purged from the system through bankruptcy liquidation rather than prolonged and propped up. The whole process took less than two years.

    By contrast in the great depression, government intervened to prop up the bad companies and the reward the bad management and keep all the toxic poisons in the system. The intervention converted what should have been a short process (just like 1920) into a prolonged and more severe disease.
    Last edited by AZJoe; 03-28-2020 at 03:32 AM.
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

  34. #30
    One thing they can't do is black mail the general public so what is left but to bribe? As we all should know and most have been writing about here is that this system is going to crash. It has done a good job of showing what is really valuable. Nothing is valuable in this system.

    I suppose most of us are going to accept the bribe. I hope some of us will benefit from it. It won't change my life in any significant way because I have created my own value system. I like the convenience of toilet paper but I can live without it. I found it ironic that the toilet paper aisle was empty while there was still plenty of rice and beans and fresh foods at the grocery store. Some people might come to realize what is important and become winners.

    I think some smart people could come out on the good side of this. It will largely depend on what they value. Morales will win the day. People who are willing to take responsibility will be the ones most free in the end.

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