I've had some time to think, as I'm sure everyone has, about A LOT of things lately. However, my focus in on the economy or lack thereof as of
I started to take into consideration the propaganda (either way), the fear, the panic, the ridiculous responses by the citizenry (the run on toilet
paper of all things) and I'm a bit concerned about this "helicopter money".
How will it be dispersed?
We keep hearing the term "checks", but I think that would be disastrous on a biblical scale. Not only because of potential fraud, but who's going to
run the complaint desk?
Some questions that one might want to consider being answered are:
Will these checks be sent out at the same time or in blocks?
Banks are no where near flush enough with cash to handle the cash withdrawals, so what's that going to look like for those who don't bank or choose to
"get it and go"? (Smartest option IMO).
Is the National Guard on standby to "manage" the amount of turmoil a six block long line to cash it can cause?
Direct deposit would be like a neverending Christmas morning for the banks, no doubt. However, you can't force people to have direct deposit, or can
Do you think banks will impose a new round of fees for transactions to profit off of the incredible influx of liquidity? Sort of an ancillary bailout
to appease their investors?
Businesses are beginning to "ban" cash/coin transactions because the virus can somehow persist on our currency🤷🏽♂️.
South Korea's central bank took all their banknotes out of circulation for two weeks or in some cases burned paper money.
Is it even feasible to do that here or, literally, launder the money??
Is this the next hammer to fall, a swift transfer to a cashless society??
If the FED, or most likely the Treasury, sends out somewhere between 150 to 200 million Treasury Direct Debit Cards, (which would make the most
sense), would you still believe this wasn't preplanned???
How would that be received by the citizenry?
I think the Treasury cards or something similar is the only feasible way to ensure individual accounting.
The US Census hasn't even finished yet, and that amount of cards are going to be sent out to every address in the book??
Another thought is to those who may not receive it; not qualified or its sent the wrong address or stolen, or CLAIMED to have been stolen...
What's that going to look like? Everyone is on edge at this point, I'm not sure most will handle it very well.
There's a lot to consider if this is implemented, and saying its going to definitely happen in April is a bit overoptimistic or very PREPLANNED.
ETA: PLEASE don't make this political. This is about us this time, not them.
Thanks in advance.
edit on 3/22/2020 by EternalShadow because: ETA