Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8099. (Read 26713425 times)

Trump is a genius.

*TRUMP SAYS ‘WE’RE GOING BIG’ ON VIRUS RELIEF MONEY

XTP making big moves!

#mainstreamadoption



(Photo credit - https://twitter.com/pharmawine/status/1239682611770884096?s=21)

 Come on Searing!  You remember the good old days before internet, colour TV, cell phones, ATMs and dare I say modern plumbing? (at camp I mean)  You're going to have to stay positive - people are going to be looking to guys like us when they need to know how to set up a TV antenna, write a check, use a rotary dial phone and possibly the Sears catalogue as TP!

Trump Wants To Send Americans More Than $1,000 in Two Weeks
Mnuchin says ‘Americans need cash now’ to weather shut downs
Tax payments can be delayed and stock market will stay openBy Josh Wingrove, Laura Davison and Saleha Mohsin

(Bloomberg) -- Treasury Secretary Steven Mnuchin said the administration is pushing to send direct payments to Americans within two weeks, and the White House wants the checks to be larger than $1,000, according to people familiar with the matter.
“Americans need cash now, and the president wants to give cash now. And I mean now, in the next two weeks,” Mnuchin said Tuesday at a White House briefing alongside President Donald Trump.
The cash payments would be part of an $850 billion stimulus plan Mnuchin is negotiating with lawmakers to deal with the coronavirus outbreak. The administration has not decided on how much to send Americans, but wants the checks to exceed $1,000, according to two people familiar with the matter.
Mnuchin said the administration will aim not to send checks to millionaires but stressed the need for urgency. He was due to meet Republican lawmakers after the briefing.
“I think we’re going to do something that gets money to them as quickly as possible,” Trump said.
Mnuchin also said the government intends to keep stock markets open.
‘Practical Limitations’
It may not be practical to get money to Americans as fast as Trump desires. When Congress sent stimulus checks in 2009 to combat the financial crisis it took more than two months from the signing of the bill to checks hitting the mail.

It’s quickest and simplest for Congress to send the same amount to every individual person, but still will take months to happen, Marc Gerson, a former tax counsel for the House Ways and Means Committee, said. If lawmakers decide to give more money to lower-income workers, it becomes even more complicated.

“There are practical limitations with cutting checks,” he said.
In a further move to relieve financial stress on average Americans, Mnuchin said that individual taxpayers can get a deadline extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million. The deferments can total as much as $300 billion, Mnuchin said, up from $200 billion he proposed last week.
The 90-day delay gives taxpayers additional time to pay their outstanding tax liabilities without interest or penalties. The White House is encouraging taxpayers to still file by April 15 if they don’t owe the IRS any money.
‘Substantial Reduction’
Trump on Monday advised Americans not to meet in groups larger than 10, avoid restaurants and bars and to educate their children at home if practicable. Vice President Mike Pence said that if those social-distancing guidelines are followed, the U.S. may see “a substantial reduction in the spread of the coronavirus.”
There have been more than 5,000 cases of the virus in the U.S. and 91 deaths, according to Johns Hopkins University.
Pence also said Tuesday the White House is asking construction companies to donate their supplies of N95 air-filtering masks to hospitals and to “forego making additional orders” in order to ensure health-care workers have sufficient access to the gear.

Guys, I want you to remember something...and remember it well.

It only took ~4 weeks for the U.S. to go from the sentiment of "greatest, strongest economy evar!", "fully recovered!", "stock market at ATH!", to frantically needing another Fed $1.5T BAILOUT that's actually larger than the one need during the 2008 Financial Crisis that nearly collapsed the world economy.

Does that really sound like things have recovered and the U.S. economy is strong? Does that sound like the U.S. has gotten things under control? That the U.S. isn't a zombie economy just like every other country in the world?

People need to get their heads out of their asses, and start buying Bitcoin, Gold, Silver, really ANYTHING deflationary instead of fkn toilet paper and Purell.

Because it won't be the coronavirus that kills them. It'll be the massive heart attack they have when the world economic reset comes, and 1 or 2 zeros get lopped off their entire fiat-measured net worth and they go bankrupt overnight.

Yeah guess one is better off in a country where its leader cannot be ousted: Russia, China, Middle East, most African Nations....  The average law abiding citizen has never faced any hardships in such nations at all. Let alone... not being able to buy Bitcoin.  

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