XPost: alt.politics.usa.congress, alt.atheism, talk.politics.misc   
   XPost: alt.politics.usa.democrats, alt.politics.usa.republicans   
   From: Intelligent@savetheworldmsn.com   
      
   or the economy will implode...   
      
   1. Congress needs to start with the Banks, and make them not accept payments on   
   debt nor mortgages, nor credit cards, nor charge any interest, nor pay any   
   interest.   
      
   2. Congress needs to make Landlords not accept payments of rent, nor   
   accumulate rent.   
      
   3. Congress needs to make Bondholders not accept payments on Bonds, nor   
   accumulate   
   interest, but the Bond Terms will be lengthened.   
      
   People who work during this time will make extra money.  Everyone else will   
   live   
   rent and interest free.   
      
      
   So, what if the above is followed, and you need a loan?  Will banks lend on   
   credit   
   cards?  I for one, need to go into a debt a couple hundred a month to make ends   
   meet, at the moment.  Will you currently be able to buy a house or car?  Will   
   businesses be able to get loans for industry, be they Amazon or Walmart,   
   another   
   Supermarket, or anyone doing business from home or on the internet?  To finance   
   the purchases of ventilators for COVID - I'm sure if they think things through,   
   COVID loans could be government supported - but will stopping all debt merely   
   reduce the economy even farther?  Just pointing this out.  $1,200 is not going   
   to   
   be enough to live on.  Could you get all loans at zero percent to be adjusted   
   when   
   the economy starts up again?  I presume you can't rent for free, until COVID is   
   over.  Nor will you be able to get a home mortgage then?  And on Commercial or   
   Corporate properties?  But Tom Barrack asked for a 90 day forbearance, making   
   me   
   presume this is not a problem.  This is in L.A.  New York is even more shut   
   down,   
   though there are other cities.  This whole plan could last a year and three   
   months, but it might only last three months.  Not being able to borrow on   
   credit   
   cards is obviously a big deal during this time, when people have expenses   
   others   
   don't know about or don't understand.  Unless Congress makes them keep lending   
   and   
   extending credit with no payments, and no interest, for now.  But why would   
   they   
   lend, unless the lending is insured.   
      
      
   If Congress does not act, Banks will fail.  Businesses will fail by the   
   1,000s.  A   
   Great Depression will ensue.  Instead, Congress needs to act now to save this   
   economy.   
      
      
   All in government in any capacity should take steps to begin this plan to   
   influence Congress to take it.  Contact your Representatives now, and send them   
   this message.   
      
      
   The whole world economy is likewise at risk.  You can't let the bondholders   
   foreclose on the businesses, you can't let the banks foreclose on the   
   homeowners   
   and rental properties, you can't let the landlords evict the tenants.  People's   
   savings should not continue to be transferred to the banks to the point that   
   they   
   are bankrupt.   
      
      
   4. I guess Congress can maybe stop payment on autos.   
      
      
   Does anyone really think the above is not advisable?  I think a Great   
   Depression   
   is likely to otherwise occur, and since people are not working, why should   
   they be   
   paying interest and rent?  They shouldn't.  So why are they.  There will be no   
   dividends.  There are no revenues.   
      
   Why would you get interest then.  The point isn't to transfer the companies   
   equity   
   to the bondholders while the economy is on pause for the moment.   
      
      
   THE POINT ISN'T TO TRANSFER THE COMPANIES' EQUITY TO THE BONDHOLDERS WHILE THE   
   ECONOMY IS ON PAUSE FOR THE MOMENT!   
   - Which is what is about to happen if you don't stop all debt!   
      
      
   And what happens next after a great depression?  World War III!  Poverty leads   
   to   
   war. Just a heads up, for the wise.   
      
        AVERT IT TODAY.  And stand up and advise all the nations of the world.    
   For   
   instance France.   
      
      
   https://www.worldometers.info/coronavirus/   
      
   You can sort by "Total Cases per 1M population," and see which nations are   
   most at   
   risk by that: (as of 4/8/2020), USA is 1288.  In order, Spain 3170, Italy,   
   Belgium, France, Austria, Germany, & Portugal are worse than USA 1288, and   
   Ireland, Netherlands, Norway and Israel 1086 are right behind USA.  UK is 895,   
   Iran 769. These nations are most at risk, and ought to consider stopping all   
   debt   
   and interest payments while their economies are on pause, but insuring new   
   lending!   
      
   We don't need a worldwide depression!   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)