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04-08-2020, 02:27 PM #1
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- Aug 2016
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Please keep in mind the important fact that the fed can print unlimited money.. what does it matter if some funds go to the wrong place and is misused if they can hold off a complete collapse.
Long term the value of our fiat currency will take a hit, as more people wake up but that is an entirely diffrent conversation regarding currency manipulation, the gold standard, bitcoin, fiat currency, and the old world bartering and trading system.
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04-08-2020, 02:41 PM #2
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- Mar 2015
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- Boynton Beach
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- 3,481
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-08-2020, 02:55 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
When facing a sudden stop in the economy, “waste fraud and abuse” doesn’t even matter. I could see 30% of the businesses evaporating next Friday. ****, that’s probably a conservative estimate. When facing a sudden stop and deflation like we’ve never had in history you’ve literally got to throw dollars at the problem. You worry about hyper-inflation when things are somewhat stabilized.
The way I view it, the patient (US economy) is having a massive heart attack, and the rescue as of right now is equivalent of having the doctors arguing about what lightbulbs should be used in the ER to make sure the hospital captures $5 that year in energy efficiency savings.
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04-08-2020, 03:00 PM #4
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- Mar 2015
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- Boynton Beach
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- 3,481
I agree somewhat, but you need to have the right doctors in the room. If the goal is to float the payroll ....then float the payroll. It's a hell of a lot easier than making these small business apply for the funds for payroll through banks. Also.....they don't have to float the payroll all at once. They can do so on a regular basis for the next several months. Keep in mind, most business owners are on the same payroll.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-08-2020, 03:11 PM #5
- Join Date
- Aug 2016
- Posts
- 486
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