by Reverse Engineer, Doomstead Diner
Discuss this article at the Economics Table inside the Diner
A few weeks ago with much Fanfare & Hoopla, it was announced by Da Goobermint that a “Bipartisan” agreement had been reached to send “stimulus” money to every Amerikan Citizen who could Fog a Mirror, including the kids as long as they were under 16. Somehow, the 17-18 year old HS Seniors got left out of this Bonanza though.
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In aggregate, the amount tallies up into the $TRILLIONS, but for you Joe-6-Pack it is supposed to be $1200, and $500 for each of your kids too! Not that this amount of money will even cover a month worth of bills for anyone living in any major metro in the FSoA, hell it won’t even pay a month’s rent in NY Shity or Seattle! But still… Better than Nothing right?
So I am Joyful about this, I am only used to getting Free Money from Alaska once a year when they issue the PFD (Permanent Fund Dividend) to the residents. This is money from Big Oil paid to Alaskans just to live here and well…fog a mirror. lol.
However, some 3 weeks or so after this announcement, I STILL have not received my Stimulus Mailbox Money! Nor has anyone I know who lives in my complex, nor have any of the clerks and stockers at 3 Bears I talk to when I shop there. I am very recognizable by my All-Black outfit and the fact I ride around on a Cripple Cart which is the only one of its kind in Alaska. lol. Everybody knows me who works at 3 Bears, ESPECIALLY the butchers in the Meat Dept!
So none of us poor J6Ps, neither the Working Poor or the old crippled guys living at Poverty Level on a Fixed Income have received our Stimulus! Meanwhile, however, Da Fedral Reserve has revved up the Printing Press some more to dish out still more Funny Money to the Oil Majors, since they are sinking rapidly along with the price of Oil, now cratering to levels not seen since the Oil Shocks of the 1970s and 1980s, after the Collapse of the original Bretton Woods agreement following the end of WWII, the emergence of the “Petrodollar”, and the EXPLOSION of Irredeemable Debt, which has been on an ever-upward spiral really since Capitalism began in the ~1500s but has really taken on the Hockey Stick graph shape of an Exponential function over the last 30 years.
So the first question here is: Just exactly how much longer can an Economy based on absolutely NOTHING utilizing fictitious money created out of Thin Air continue to function?
The second question I have is, who among the readers of the Diner or Viewers of the Collapse Cafe videos has actually RECEIVED your stimulus funny money? Please let us know in the Comments Inside the Diner on the Forum, or in the Comments on the Collapse Cafe YouTube channel.. Inquiring minds want to know.
Editor’s note: The video below is compromized by wind and other background noise drowning out RE’s voice much of the time. But on a positive note, you get a good idea of the local traffic volume near where he lives, both at the gas pumps at Three Bears and on the bordering highway. You also get a good Alaska mountain scenery view in the background.
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