iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,691 Blog Posts

ARE YOU CONSUMING?

With lockdowns in place and furloughs being dished out like candy, my question to you is — are you consuming enough? Have you taken some of your savings and directed it towards unneeded things in order to satiate yourselves from the pangs of boredom?

Gone are sports, new movies/shows, plays, any form of theatre and gatherings in large groups. We’ve been relegated to hermit-hood where we sneak outside to isolate a piece of meat and if we’re lucky a roll of toilet paper, fully masked, and then we hurry back home to pretend life is exciting online.

Another question for you is — are you at all concerned that the shortages we faced in March and April might soon repeat, especially if COVID-20 busts loose early next year? Having said that, are you consuming more than usual to stockpile flour, papered towels and rolls upon rolls of toilet paper?

Have you, by chance, taken the opportune to SEIZE UPON clothing sales, now that they’re destitute and pathetic — unable to sell their wares in large shopping malls?

Are you consuming enough? Have you decided upon a new STAYCATION — where upon you will sit idle in someone else’s home, via AirBnB in order to find a morsel of variation?

I understand there is a shortage of cars now, since they’re not being made anymore. Are you plotting a new car?

Markets have priced in record consumerism and pent up demand for all items. It has long been known to me that poor people do not mean much to America or the ruling class. They are, more or less, non active players in all of this and easily assuaged to riot and cause mayhem in order to destabilize things. Through this instability, new order will be established and new winners made. The divergence of wealth between the rich and the poor have never been this wide and the overall impact on the economy from poor people have never been so meaningless. Most poors offer a negative equity situation to the country — strong enough reason to not care so much as to SHORTEN their life expectancy.

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18 comments

  1. rassoodock

    Why doesn’t the ruling class institute some type of “Hunger Games” between variegated oppressed factions of society, occasionally deifying some chosen “tragic hero” to satiate the masses, paving the way for new policies to quietly and subtly further consolidate the remaining acquired resources in the face of a declining empire? Oh wait..

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  2. CoinSpeak

    I talked to several motorcycle dealers and they say it’s their best year ever. People are buying motorcycles and other toys with reckless abandon.

    There is a certain % of the population who is unaffected by the trifling problems of the middle’d class. They will always have money, and they will spend it on $20,000 three wheeled motorized tricycles to cart their diabetic partner to the nearest frappucino.

    ‘Murica.

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  3. barbee

    In answer to your question: Er…Um….no. Not yet.
    Putting every penny, nickle and dollar (including stimulus) into SMkt.
    LATER will use that money to put in a new deck and covered hot tub/spa for winter use. 🙂
    That’s why I’m here w/ you, Dr Fly. (BIG KISS!)

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    • Po Pimp

      If you qualified for a stimulus check then you need to stop being poor.

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  4. zusch

    saving money is illegal and severely punished in Amerika

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  5. soupbone

    It is what it is. The second wave of epidemic will appear and then diminish and the third wave will be less even. Chance.

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  6. narwhal

    People with money or access to credit are saying screw it, I want a boat, a motorcycle, a new car, whatever. Why wait years to save up for a new bass boat? My city will likely be burnt and the Pig flu 2.0 will double bog us before then. The system will likely be overthrown cuz racism anyway, spend your money and use your credit to improve your life while you can.

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    • barbee

      Oh wait. There’s a middle group out there. My group.
      The freaks who pay cash for appliances to avoid interest.
      The freaks who pay cash for engagement rings to avoid paying interest.
      The freaks who pay cash for cars so to avoid interest.
      ….and yes…many years later…
      These same freaks pay cash for a house to avoid paying interest.

      You borrow money for anything… from appliances, boats to houses, you wind up paying double. (Unless it’s at ZERO percent-snatch that puppy up!) Cash is cheaper. You save on interest and you save on insurance.
      Build wealth that way: CASH. I strongly encourage it at every chance you get.
      Best of luck to you-your long and happy future is ahead of you.

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  7. edge

    The whole problem is that the wealth of the bottom 2/3 has been cannibalized by the billionaires.
    No healthy middle, no healthy economy. The wealthy know that but don’t care; life has never been so easy for them. The peasants can’t figure it out so they’re fucked.

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    • barbee

      Then don’t let THEM win.
      Don’t play their game.
      Go and succeed just to spite them
      Prove them WRONG.

      You can do it-you have already proven that you can see through it all.
      Tell your friends, tell your loved ones. Go. Succeed. WIN!
      Sincerely, Barbee

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      • edge

        I aready won but…There isn’t enough available for the 2/3 these days.
        It will take more than rah rah.

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  8. moosh

    How many children and sadly some parents would be at concerts and sports games now instead of. Thanks china, right after the trade deal too

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  9. heckler

    I’ve been letting the fed to all the spending and I’ve been investing (and smoking weed on the couch) instead. FLY rewatch some classics I recommend RoboCop.

    Although, groceries are such a pain in the ass now I do order food a little more often plus my BBQ exploded

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  10. soupbone

    “Chimerica” was good while it lasted for corporate profits. Plus it kept inflation subdued, in part with technology developments worldwide. Great for Wall St and stocks but which did henceforth lead to zero interest rates and doom for retirees pensions and many others.
    Globalization is corporate America talking, nobody else to my knowledge.

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  11. soupbone

    It’s all about money. The big money is bilingual and speaks both republican and democrat, as needed it adapts and controls. La tee da, I’ll fuck off now.

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  12. richardweiner

    I have been jacking off into tissues five to ten times a day since the virus outbreak. I watch Pornhub which is free to me but paid for by having to watch ads on how to make my pee pee longer or produce more penis milk.

    What I am getting at is GDP rises everytime my pee pee does.

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  13. overseas investor
    overseas investor

    I’m a consuming whilst sitting on the beach living the Dream… course that will change come November…

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