Who will survive this and be here in 6 months ?
Joined: May 2004
Posts: 1,040
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From: 3.5 from TD
If governments stop all the QE assistance the consequences would be unthinkable.
If central banks and Fiat money would go away, most of the world’s problems would disappear. No more printing money by governments would allow the global economy to self correct, which is normal and should be allowed to play out. Life has ups and down, you can’t get rid of the downs without severely distorting the balance, only making the next down a lot worse.
In the US, the government (which includes the private Fed) have been doing this since 2001. Destroying the purchasing power of currency, and creating a global race to the bottom by all the world’s Fiat currencies.
Well, this is bottom. And they have committed to start digging deeper and redefine the bottom. For the sake of all of us, especially our offspring, let’s hope they’ve hit rock and this opportunity is not wasted to get rid of this ridiculous Banking system.
Joined: Jun 2008
Aviation Qualifications: PPL
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From: Outer space
In about 500-700 million years, C3 photosynthesis will likely stop to work, because there won't be enough CO2 in the atmosphere, despite all climate change and rising CO2 levels we currently have, CO2 will drop significantly with increasing solar radiation over the next few hundred million years until there is not enough left to keep photosynthesis running. At some point, most plant life will be dead, which will in turn lead to a massive change in available oxygen. And then it's probably game over for any higher life form.
Still plenty of time though for recovery from the human mishap and maybe even a new try to establish intelligent life through further evolution.
N4790P
Joined: Jun 2002
Posts: 2,558
Likes: 233
From: Asia
It's actually "only" just a few hundred million years until the Sun will have changed enough to have massive impact on our planet, including all life forms (like us, in case we would still be here, which I doubt). The atmosphere will change significantly due to increasing radiation and luminosity of our star. The balance within the so-called habitable zone that allows carbon-based life forms to exist is surprisingly delicate and does not allow significant variation in most parameters.
In about 500-700 million years, C3 photosynthesis will likely stop to work, because there won't be enough CO2 in the atmosphere, despite all climate change and rising CO2 levels we currently have, CO2 will drop significantly with increasing solar radiation over the next few hundred million years until there is not enough left to keep photosynthesis running. At some point, most plant life will be dead, which will in turn lead to a massive change in available oxygen. And then it's probably game over for any higher life form.
Still plenty of time though for recovery from the human mishap and maybe even a new try to establish intelligent life through further evolution.
In about 500-700 million years, C3 photosynthesis will likely stop to work, because there won't be enough CO2 in the atmosphere, despite all climate change and rising CO2 levels we currently have, CO2 will drop significantly with increasing solar radiation over the next few hundred million years until there is not enough left to keep photosynthesis running. At some point, most plant life will be dead, which will in turn lead to a massive change in available oxygen. And then it's probably game over for any higher life form.
Still plenty of time though for recovery from the human mishap and maybe even a new try to establish intelligent life through further evolution.
Joined: May 2011
Posts: 1,358
Likes: 3
From: NEW YORK
If we did nothing, this virus would kill about 1-3% of the people, skewed towards the aged. That was routine 'business as usual' during the middle ages.
Pepys did pretty well during the Great Plague and surely he was not alone. So life continues, just a little different.
Joined: Feb 2020
Posts: 14
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From: The full half of the glass
Thank you for restoring a bit of perspective.
If we did nothing, this virus would kill about 1-3% of the people, skewed towards the aged. That was routine 'business as usual' during the middle ages.
Pepys did pretty well during the Great Plague and surely he was not alone. So life continues, just a little different.
If we did nothing, this virus would kill about 1-3% of the people, skewed towards the aged. That was routine 'business as usual' during the middle ages.
Pepys did pretty well during the Great Plague and surely he was not alone. So life continues, just a little different.
We need to help each other to learn faster.
Joined: Jan 2008
Posts: 1,549
Likes: 63
From: UK
Thank you for restoring a bit of perspective.
If we did nothing, this virus would kill about 1-3% of the people, skewed towards the aged. That was routine 'business as usual' during the middle ages.
Pepys did pretty well during the Great Plague and surely he was not alone. So life continues, just a little different.
If we did nothing, this virus would kill about 1-3% of the people, skewed towards the aged. That was routine 'business as usual' during the middle ages.
Pepys did pretty well during the Great Plague and surely he was not alone. So life continues, just a little different.
Joined: Dec 2010
Posts: 22
Likes: 0
From: KIR
The timeline, a la Angela, clever Muti, is when
when the infection doubling rate is every 10 days..
I enjoy my consumption of the Earth's resources as much as any privileged Boomer. Should we go on? Is there, without universal Authoritarianism another way ? I'm thinking not,
Without food, a crazy habit I've developed over my years of knocking 'round this planet, I just won't stay here any longer. So food production, not coming from China, yet!
Diese Zeitspanne müsse sehr viel weiter gestreckt werden, "in Richtung von zehn Tagen". Das Ziel der Maßnahmen sei es, dass das Gesundheitssystem nicht überlastet werde.
I enjoy my consumption of the Earth's resources as much as any privileged Boomer. Should we go on? Is there, without universal Authoritarianism another way ? I'm thinking not,
Without food, a crazy habit I've developed over my years of knocking 'round this planet, I just won't stay here any longer. So food production, not coming from China, yet!
Joined: May 2011
Posts: 1,358
Likes: 3
From: NEW YORK
The difference today is that we have not had a real crisis for about 75 years, two full generations, so we forget how hard it really is
Fwiw, they are putting up emergency hospital tents in NYC Central Park a few blocks from my place. Blase is not my state of mind under these circumstances.
Joined: Feb 2020
Posts: 14
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From: The full half of the glass
Joined: Aug 2004
Posts: 29
Likes: 2
From: Lynden, WA
America's finest narrow-body? Boeing screwed the pooch on the 737 enhancements. Big Time. It was a great two hour airplane. Now it carries more than a 767-200. Sardine packing for passengers...very high ref speeds and poor runway performance. I'd pick an A320 anyday over the 737!
Joined: Dec 2018
Posts: 170
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From: Canada
Shark = 400 million years.
H. sapien = 250,000 years.
It ain't lookin' good. 🤔
Joined: Jul 2010
Aviation Qualifications: ATPL
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From: Asia
If airlines are nationalised or put on government support for a while, I can't see stratospheric salaries and bonuses being paid to directors. Previously the main interests were shareholder return and dividends, short term thinking regarding cost cutting in order to get a bonus rather than the long term good of the company. Strip out value by selling off core assets, make the numbers look good and you'd be long gone by the time the chickens came home to roost.
Privatisation under Mrs Thatcher was a good thing, inefficient state run companies were transformed, workers could own a piece of their employer and the general public got to participate in an area previously dominated by the financial elite. Now we have a new generation of robber barons pulling the financial strings, quite happy to take all the profits when it pays off but expecting a state bail out when they come short.
Privatisation under Mrs Thatcher was a good thing, inefficient state run companies were transformed, workers could own a piece of their employer and the general public got to participate in an area previously dominated by the financial elite. Now we have a new generation of robber barons pulling the financial strings, quite happy to take all the profits when it pays off but expecting a state bail out when they come short.
Joined: Dec 2018
Posts: 170
Likes: 0
From: Canada
If airlines are nationalised or put on government support for a while, I can't see stratospheric salaries and bonuses being paid to directors. Previously the main interests were shareholder return and dividends, short term thinking regarding cost cutting in order to get a bonus rather than the long term good of the company. Strip out value by selling off core assets, make the numbers look good and you'd be long gone by the time the chickens came home to roost.
Privatisation under Mrs Thatcher was a good thing, inefficient state run companies were transformed, workers could own a piece of their employer and the general public got to participate in an area previously dominated by the financial elite. Now we have a new generation of robber barons pulling the financial strings, quite happy to take all the profits when it pays off but expecting a state bail out when they come short.
Privatisation under Mrs Thatcher was a good thing, inefficient state run companies were transformed, workers could own a piece of their employer and the general public got to participate in an area previously dominated by the financial elite. Now we have a new generation of robber barons pulling the financial strings, quite happy to take all the profits when it pays off but expecting a state bail out when they come short.
Add to that the propensity for "next quarter" management thinking.
It's the American Way. 😏
Joined: Dec 2006
Posts: 708
Likes: 103
From: Mauritius,soon or latter
@krismiler, 10/10
how we run into situation that very successfull bussiness, with profits and bonuses, and all of sudden 15 days of interuption and we are out of money. Where is reserve gone?
could you imagine house, decent one, with healty and functional family, cars, Bora Bora holidays- and they could not survive without dayli fresh cash a few days?
how we run into situation that very successfull bussiness, with profits and bonuses, and all of sudden 15 days of interuption and we are out of money. Where is reserve gone?
could you imagine house, decent one, with healty and functional family, cars, Bora Bora holidays- and they could not survive without dayli fresh cash a few days?
Thread Starter
Pegase Driver
Joined: May 1997
Aviation Qualifications: ATCO
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From: Europe
In France, the economy minister said yesterday that in any private business where the State has a share ( e.g Like in AF or Airbus ) and who will be applying for State financial aid, whether loan or grant, will be requested not to pay dividends to its shareholders in 2020.
Some of those companies already agreed ( incl. Airbus) but not all yet .
Some of those companies already agreed ( incl. Airbus) but not all yet .
Joined: May 2011
Posts: 1,358
Likes: 3
From: NEW YORK
The crisis is producing a de facto nationalization of industry. With a little more time, expect rationing as the supply chains buckle.
It is truly a wonderful opportunity for a comprehensive reset of the western economies. What is missing is any indication of the desired outcome.
It is truly a wonderful opportunity for a comprehensive reset of the western economies. What is missing is any indication of the desired outcome.
