SBA releases Paycheck Protection details-
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  1. #1
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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.

  2. #2
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    Quote Originally Posted by Winning View Post
    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.
    Somehow, Someway.... someone has to PAY for printing money. If we keep printing money because "oh well...the funds were not used properly" we will have much larger issues.
    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

  3. #3
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    Quote Originally Posted by Kevin Henry-Seacoast View Post
    Somehow, Someway.... someone has to PAY for printing money. If we keep printing money because "oh well...the funds were not used properly" we will have much larger issues.
    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.

  4. #4
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    Quote Originally Posted by WestCoastFunding View Post
    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.
    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

  5. #5
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    Quote Originally Posted by Kevin Henry-Seacoast View Post
    Somehow, Someway.... someone has to PAY for printing money. If we keep printing money because "oh well...the funds were not used properly" we will have much larger issues.
    And therein lies the rub of fiat currency. There a circles of people that have been preaching what you are saying for decades.

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