Too many unemployment claims to handle

[Anonymous No.18262490]

>Nearly 10 million people filing for unemployment claims in just two weeks due to the economic crisis
>Almost half of all states literally do not have enough funding to provide for them

We are about to put this system to the test, and it looks like it won’t hold. Oh well, guess unemployed wagies are just gonna have to starve while mr shekelburg and mr landlord bleed them dry.

https://www.nbcnews.com/business/economy/nearly-half-states-do-not-have-enough-funds-pay-all-n1175246

[Anonymous No.18262530]

Apologize.

[Anonymous No.18262553]

>>18262490
More and more jobs are starting to go now. It's a chain reaction as everything is linked. For now some of them are just "temporary" lay offs, but in reality many will never come back. Kek most western countries will be fully authoritarian communist within a year. It's over. Time to learn Mandarin or Russian.

[Anonymous No.18262660]

>>18262530
No.

[Anonymous No.18262754]

>>18262490
wont this just mean that they'll have to give up the social distancing meme and have everybody go back to work. even if 10% of the pop dies, you can slow down an economy built on consumerism

[Anonymous No.18262810]

>>18262754
Nah that’s just how you choose to interpret it. You’re blinded by your wishful thinking, or you’re just not very imaginative.

[Anonymous No.18262837]

Implying this wasn't about revealing the essentials and the disposables. 6 million starving nonessentials, into the trash they go.

[Anonymous No.18262845]

>>18262754
They aren't going to give it up. A mayor in Georgia tried it and they tore him a new asshole. Only way its getting dropped is if people mass rebel, which isn't going to happen.

We're essentially fucked.

[Anonymous No.18262881]

>>18262490
>states literally don't have enough money to pay people unemployment
holy fucking shit. we are going 3rd world status by the end of summer

[Anonymous No.18262895]

>>18262837
asian qt?

[Anonymous No.18262908]

USA has already spent nearly as much on this epidemic as they spent on the entirety of world war 2(adjusted for inflation), and we've barely gotten started.

Go, confirm for yourself. Let it sink in.

[Anonymous No.18262909]

>>18262881
The absolute state of muttistan

[Anonymous No.18262930]

>>18262908
>USA has already spent nearly as much on this epidemic as they spent on the entirety of world war 2(adjusted for inflation), and we've barely gotten started.
It's just a flu, bro. Things will be humming along by May.

[Anonymous No.18262936]

>>18262881
of course states dont have enough money. unemployment is a pyramid scheme like most government programs. it depends on most people not using it or dying off before they can

[Anonymous No.18262944]

>>18262530
For what?Keynes caused this shit , not capitalism.

The fact that the accumulation of capital has been punished under keynsian economics means now people, companies and central banks lack reserves to endure 3 fucking weeks of quarantine.

[Anonymous No.18262971]

>>18262881
Keynsianism has collapsed , now the fight will be between true capitalism with cryptocurrencies and marxist neofeudal shitholes.

The rubicon has been crossed at this rate european/ latin american welfare states will go broke by june.
Burgerstan is actually in a better position because the companies will still stand altough there will be a lot of inflation.

[Anonymous No.18262989]

>>18262837
source

[Anonymous No.18263046]

>>18262944
>>18262971
>real capitalism has never been tried!
kys

[Anonymous No.18263057]

>>18262490
Bullish as fuck
Expect DOW +10% today

[Anonymous No.18263128]

I need a gun

[Anonymous No.18263136]

>>18263057
Kek

[Anonymous No.18263184]

>>18263136
You do not understand the economy, my friend.
Uneployment IS bullish

[Anonymous No.18263201]

>>18263184
You gave me brain twist. Never thought about it that way before

[Anonymous No.18263219]

>>18263057
long $CLOWN

[Anonymous No.18263240]

>>18262971
Bingo

[Anonymous No.18263315]

>>18263046
Capitalism is the accumulation of capital.

Keynsianism punish the accumulation of capital in favor of spending.
Now that you can't spend on shit no one has reserves , not even governments.
Before keynsian dominance they had gold so the economies could stop for a certain time due to having reserves so did companies.

Now governmetns reserves are other fiat unbacked by nothing but taxes that depend on growth.
Companies are not allowed to have reserves they must keep the money flowing or buy stocks so now they can't stop neither.

It's the end of keynsian economics commie if you think marxism will be able to sustain modern civilization then you will be for a rude awakening soon.
Marxist nations will become neofeudal shitholes , procrypto nations prosperous enclaves in a world going to shit.

Screencap this.

And here is one of my threads from a few months ago.

>>/biz/thread/S15329753

I know how the world works anon , better buy bitcoin asap.

[Anonymous No.18263361]

>>18262490
>Pay social security out your measly wagie check FOR DECADES
>lmao get fucked goy, no shekels for you

[Anonymous No.18263602]

>>18263315
>It wasn't my specific form capitalism!

[Anonymous No.18263641]

Don't worry the fed will simply print more money

[Anonymous No.18263707]

[Anonymous No.18263738]

>>18263707
Definition of communist utopia = country with no state, money or social class. No it has never been achieved. Governments sweep to power on the back of its populist notions and then the state becomes super powerful and then you basically get state capitalism.

[Anonymous No.18263769]

>>18262837
>6 million

[Anonymous No.18263781]

What we need is a base level AI which performs all the essential work. Basically all the work that's happening right now to keep society running while we're locked indoors. Get an AI to do that. Also calculate the most sustainable lifestyles based on carrying capacity of the Earth, carbon emissions etc. Devote maximum labour to scientific research etc. People are given automated payments per month and only have enough to spend based on their carbon footprint etc. Everyone works like 10 hours a week and enjoys socialising, drugs and production/consumption of art the rest of the time

[Anonymous No.18263818]

>>18263602
Keynsianism is not capitalism , keynes literally praised hitler and stalin.

Fascism is the the closest thing to his economic model.

https://wtfhappenedin1971.com/

[Anonymous No.18263847]

>>18263046
Actually it has and it worked sweetheart

[Anonymous No.18263862]

>>18263818
>Keynsianism is not capitalism

[Anonymous No.18263890]

>>18263781
>What we need is a base level AI which performs all the essential work
We/capitalism are already slowly doing that. Just look at how much work is now automated through the internet instead of hand-writing forms or getting appointments. Not to mention all the robots in factories and Elon's push for driverless trucks. If anything, this quarantine will only speed up the push for automation in companies.

[Anonymous No.18263920]

>>18263890
At some point the economic system will need to adapt to this. Atm automoation is only serving the owners of the corporations to make them more efficient and help their profit margins.

[Anonymous No.18263922]

>>18263315
Agree with your analysis. It's the part about Shitcoin that I don't agree with. Cryptos are also fiat

>but nooooooooooooo, Shitcoin is immune to inflation, because the supply is limited. Trust me, it's totally not fiat

Sure, Moonboy Montgomery: Shitcoin in itself isn't inflatable. But what's stopping someone from creating another Shitcoin? And then another. And then another. Woilà, soon you have what amounts to a hyperinflated basket of cryptos. Crypto IS fiat.

[Anonymous No.18263952]

>>18262490
Communism is inevitable
>>18262944
>For what?Keynes caused this shit , not capitalism.
OHNONONONO

[Anonymous No.18263953]

>>18263818
Fascism literally has nothing to do with economics dumbass

[Anonymous No.18263958]

>>18263315
>blah blah blah
>just buy bitcoin
EPIC

[Anonymous No.18263966]

>>18263953
idiot

[Anonymous No.18264004]

>>18263922
>>18263315

Also, let me add this to clarify:

To make something immune from inflation you have to make it difficut expand it's supply. And by that I mean actually difficult, as in PHYSICALLY difficult. While there are swings in gold, you can't hyperinflate it, because to do so, you'd have to physically add more gold. You can't do that without actually opening new mines and digging it from the ground. This requires a shitton of work.
Now compare that to typing on a keybord and creating a new crypto.

Also, let me throw this in: in a real apocalypse, you'll have no internet, so forget crypto transactions

[Anonymous No.18264273]

>Atm automoation is only serving the owners of the corporations to make them more efficient and help their profit margins.
Nothing wrong with that, that's how automation will grow in the first place. But yeah, we are going to need to evolve a new kind of economy, not the current system and sure as fuck not communism or where everyone is on welfare, something in between. Like a sort of gig economy combined with top-up UBI, or even going back to the past where capitalism was in it's rawer form and having far more independent businesses and creative individuals rather than everyone relying on a big company for a job like now.

This form of debt, corporatism, brands and chain stores are relatively new, we have hundreds of years of capitalism before that to draw from. With a new slave class of robots doing the menial works, I see people being more free and creative in getting their income, such as opening up small independent stores that will fill a niche, making things again instead of rotting in some 9 to 5 office job. We can already see evidence of this with the explosion of products and businesses on ebay, patreon, steam and the like catering for everything. Combine this with some ("SOME"! leftists always go too far and want the state to be their parent) rights and guarantees, such as minimum wage/UBI, rent control, etc to control inflation and allow money that people earn actually to be worth something.