COVID-19 / Coronavirus Pandemic


FBnil

Mundus vult Pyra, ergo Pyratur
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We meet under the bridge at 1600 to discuss this existential matter. I bring the Beaujolais.
brie.jpg
The Pandora brings the Brie.

Wait, the river-under-the-bridge says it already brings debris (from Germany)
 
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Phlyra

Electric
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Decades of epidemiology about a virus that exists no longer than 1.5 years?
Again, clues for transmission methods of respiratory virii are kinda in the name...
Obviously, a mask isn’t going to prevent transmission via contact with contaminated surfaces, if you don’t clean the now contaminated body part/ingestable object before removing your mask, but the “masks/filters help prevent spread” principle still applies.
 
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JDTAY

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I'm not sure how to handle Lambda (the forum user), because I take COVID-19 seriously, but also don't think the current precautions we're using will matter that much in the long run. I'm still waiting on the thing that will beat COVID-19.
 

ZXDunny

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I'm not sure how to handle Lambda (the forum user), because I take COVID-19 seriously, but also don't think the current precautions we're using will matter that much in the long run. I'm still waiting on the thing that will beat COVID-19.

You don't need to handle them, just ignore. Their opinion is is as worthless as yours and mine and no policy or procedure will be affected by their talking about their beliefs on a forum dedicated to a minor Linux handheld.

Be at peace.
 

JDTAY

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USA is currently observing inflation levels not seen since 1980.
According to who?

I ask, because they keep changing how they measure inflation. There was no Consumer Price Index in 1980.

Edit: Actually, maybe there was. Wikipedia says it officially started around WW1.
 

JDTAY

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My problem with measuring inflation though, is that they keep adding stuff to the "basket of goods" that no-one actually truly needs.
 

netcat

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My source is the economist magazine. "core inflation reached 8.3% on an annualized basis. the highest rate since 1980 ... consumer prices later rose by 13.3%".

Agree these types of figures aren't one-size-fits-all. The objective is a reliable economic barometer so it will included things raw materials.
Post automatically merged:

Happy Freedom Day.........

Basic. Freedoms.

Something no-so-joyous about this occasion.

I feel tricked.
 

JDTAY

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Yeah, I just always get weary when people mention inflation, because that's how Reagan got into office. Also H*****. There's no telling who's up next.
 

λ the β-Redex Reducer

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Inflation is one of the methods utilised by banks to steal value from society's producers. We call this process "currency supply regulation". When the working class produces more than they consume then the prices of goods would naturally go down due to a general increase of wealth, thus rewarding the working class because they saved money. This is when the banks use "money supply regulation" to keep the prices more stable while increasing their own money supply. That way a great part of the excess wealth that the working class produced goes to the bankers instead.

This process is what banks refer to when they say that they "pump money into the economy to keep it healthy". Currency supply regulation, and thus inflation, will probably stay for about as long as banks are corrupt leeches.
 

λ the β-Redex Reducer

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On March 26, 2020, in response to coronavirus pandemic, the Fed reduced reserve requirement ratios to 0%—eliminating reserve requirements for all U.S. depository institutions, in other words.

So basically, if you give money to an USA bank, then they have to keep nothing of it back in case you want it back. They can lend all of it out again, at interest of course, and then when it comes back to them again they can lend it all out again, ad infinitum. IMO this is a good time to flee from the sinking ship that are the Dollar and all currencies anchored to it, if you have not done so already.
 

levi

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What about deflation? It's much more vicious.
As far as I know, historically speaking at least, deflation is just extreme inflation. It's called that because it looks at a different thing; inflation considers the price of goods in shops going up, but deflation considers the buying power of the money in your bank going down, but that's only because everything in the shops is getting more expensive.
 

λ the β-Redex Reducer

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Deflation is the currency supply shrinking, inflation is the currency supply growing. The changing of prices is just a side-effect and not the defining property. E.g. it is possible to have inflation while prices go up if people hoard the currency.

What about deflation? It's much more vicious.
Why is deflation worse? Because people start hoarding? If it is really that bad, then I wonder what would happen to Bitcoin once deflation kicks in.
 
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