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You should be looking at borrowing from a bank. The Fed does not lend to individuals.
So step one is "found a bank"?
People are acting as though we're going back to a pre-industrial economy with this. It's not true. The power isn't going out. The water will continue to come out of the tap. So my suggestion short term is: learn to cook if you don't know how to. Not fancy, haute cuisine, but how to take whatever's in the pantry and make something tasty out of it. Learn how to grow some produce in small spaces, even if it's just herbs…
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which gives you the opportunity to make billions in profits while everybody else is suffering. And hopefully utilize those profits to help fewer suffer.
This is what Gates is doing now, and I appreciate his choice, he's doing really great things now.
And, now that that exact pandemic is underway, he’s kind enough to offer us ID2020[2], which he has been working on for some time now, coincidentally just in time for the pandemic; invisible tattoos so that our vaccination status can be tracked, to help prevent those who don’t want to take part in this scheme from having access to business resources, etc.
It’s funny; it’s almost as if Bill Gates can see the future. He really is amazing.
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Yes, but perhaps not in the way that you might think. There were a number of structural factors that led to the great depression: gold standard currency and restrictive monetary policy at the Fed, overly restrictive tariff laws, simultaneous drought that destroyed a lot of farmland, rampant financial fraud, lack of deposit insurance at banks causing numerous bank runs and failures. Basically all of the above is diffe…
This reads like someone unleashed GPT2 on a bunch of CNBC interviews with a bunch of hedge fund managers making the case for why their portfolio deserves a "fair share" of the bailout pie.
I am struggling to see why you think that, since I don't watch CNBC and was not thinking of hedge funds or the stock market at all when I wrote the above post.
I didn't get into what I think should happen, which is this:
- immediate expansion of unemployment insurance to 75-100% of income for at least 12 months, with no shenanigans allowed at the state level
- for tip and gig workers and self-employed, 1040 income should be used to qualify for unemployment benefits up to a capped amount ($100k or whatever)
- immediate expansion of Medicare to anyone who qualifies for the ACA
- immediate open enrollment so people can switch to Medicare via the exchanges
- immediate expansion of SNAP and WIC
- 6 month moratorium on evictions nationwide
- any bailouts should be patterned on the Obama administration's auto bailout, which is to say the capital structure should be rewritten so that workers are given a piece of the company, and the public should benefit once the economy improves
My thought is that this virus will have passed through the world, one way or another, in 4-8 months. After that, the world reverts back to what it was doing. My point is that this is no underlying weakness in the global economy. It's more like a slow moving natural disaster. I'll admit I don't feel super confident that this is how things work. Happy to be corrected!
If you're well off now you'll be fine. If you're decently off in a wealthy country you'll be fine too. If you're one of the precariously employed and healthcare-less workers in a country like the US you will suffer and might die. If you are a precariously employed person in a poor country you'll watch many friends and family die.
Think what happens in Italy, a country with one of the best healthcare systems in the world, hitting South Sudan. Don't confuse your reality with how it will hit the rest of the world.
Learn to learn. And then practice learning. Our brains have very high capacity to learn, adapt and forget quite a lot - just believe that you can, and you will. All you need is focused effort. You only need to prove that belief once to yourself. I know this sounds philosophical, but it works. Becoming an expert in an area is quite another thing. For that you need to evaluate the benefits. > new state of things Nobody…
Math and physics carried me through two recessions so far. I never got rich, but also never poor.
It's a bit of a tangent, but do you have any advice on how to self-learn math? I'd like to complete some CLEP classes so I can meet the prerequisites for a CS program, but it's tough to learn on my own.
One possible idea is to get started learning math through physics. The reason is that physics is more applied than pure theoretical math, but the typical way of learning it makes use of similar math principles. Perhaps seeing this stuff in use will help pull you along when working through the pure math subjects.
Math and physics carried me through two recessions so far. I never got rich, but also never poor.
Add CS to Math and Physics, and you’ll go through the next one very rich
A second issue (note the time period) was that I saw what the CS students were learning, and I also had a summer internship in a computer facility, and I formed the impression that over the long haul, a programming job would be rather dull. The people who were doing things with computers that seemed "cool" to me, were in the math and physics departments. That included the use of microcomputers rather than mainframes.
I've certainly done a lot of programming throughout my career, but have not been employed as a programmer per se. Most physicists program, because it's our most efficient and flexible problem solving tool.
I could probably claim to be a "data scientist" right now, if push came to shove, but am in fact working through some training on that and machine learning, to fill in gaps and make me conversant in the terminology. It could propel my next career move, or at least serve as a bit of career insurance.
the #1 thing is how to build community online... effectively, relationships. this is actually harder to do for a lot of folks... especially the millions who are now forced to do it. im training a few folks a week: http://yen.camp
I'd like to set something up but as this has just occurred to me I'm vague on specifics as yet. At a minimum I'd like easy-to-use community forums. Discourse is obviously a possibility.