After the Pandemic

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After the Pandemic

LEP
Mar 30, 2020 | 18:19 1 Seeing as everyone has some extra time on their hands (my apologies to those calving). What are the opinions regarding what things will look like after we are quarantine free. Here are my random thoughts.

I think people will struggle to get control of their finances because a lot of them won't have jobs. Catching up on rent, credit card payments, mortgage and consumer credit will mean low discretionary spending for months if not years.

Those nearing retirement will have to work a few extra years. Those recently retired will wish they had.

Many small businesses, if they survive will be in survival mode for months or years. They will want to increase prices but likely will have to drop them in order to encourage customer spending. Some businesses may fair ok. They provide a needed service but their business will narrow to more needed products. Ie. power steering pump vs lift kits, etc.

Both business and personal bankruptcies will reach unheard of levels. The real estate bubble will pop.

But I think for all involved, when things do regain a semblance of normal, people work toward a greater slush fund. Some will create one however small, when they didn't have one before, and the ones that did have one will likely build a bigger one.

I think tourist destinations will definitely feel the pinch. Airlines will sell fewer flights, cruise ships may as well mothball half their fleet.

Then we come to governments. There will be taxes created that we have never seen or heard of before. Effectively the amount of cash being thrown around means that we can never expect to get our debt levels in line in my lifetime.

Sorry for the ramblings. Anybody have a cheerier outlook? Reply With Quote
  • 1 Like

    GDR

  • blackpowder's Avatar Mar 30, 2020 | 18:23 2 An Alberta bumper sticker once said,
    "Lord, let there be another boom,I promise not to screw this one up"
    And we did anyway. Reply With Quote
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  • Ab7
    Mar 30, 2020 | 18:48 3
    Quote Originally Posted by blackpowder View Post
    An Alberta bumper sticker once said,
    "Lord, let there be another boom,I promise not to screw this one up"
    And we did anyway.
    I feel bad for people falling on hard times,
    But man have we witnessed a lot of money being pissed awAy during the oil boom. Reply With Quote
  • 1 Like

    LEP

  • blackpowder's Avatar Mar 30, 2020 | 19:12 4 In no way did I intend to be critical of anyone today.
    My intention was that as humans, we will definitely repeat history.
    Our short memories will spend it if we have it and vote in the govts that promise the most free stuff.
    The exceptions are the generations that survive a great setback like the Great Depression. That shaped my parents and grandparents for life.
    Is this 1929???? I don't think so? Reply With Quote
  • 4 Likes


  • GDR
    Mar 30, 2020 | 19:14 5 LEP, my vision is similar to yours unfortunately.

    I think the biggest mistake that is being made is the government is trying to make the "citizens" whole too soon. All the deferrals on utilities, rent, taxes etc, then add in the $2000/month, or the 75% wage reimbursement or EI whatever people qualify for. Problem is people need to pinch their pennies and adjust their spending. While staying at home in quarantine the costs of living are substantially less, yet people will find a way to spend every dollar available to them and take every opportunity to defer, just compounding the problem for a later date. So all of a sudden the lockdown ends, government assistance is cancelled and people go back to work. They dont get a paycheck until the end of their pay period, at which time now they have all their deferred payments to make plus their regular payments and their increased costs of going to work. Gonna create huge personal bankruptcy issues.

    Gonna be huge tax dollars to be paid back, actually wish they would do that as a surcharge over the next couple years, with a standard rate for everyone, but a double rate for those that took asistance. Otherwise just adding to the national debt is just gonna destroy any prosperity for a generation. Perhaps even a ultra low rate loan instead of handouts to citizens may have been better for everyone.

    Hopefully we beat this thing soon, otherwise there will come a day that we have to say we just cant do it anymore and get back to work. Reply With Quote
  • 2 Likes


  • Mar 30, 2020 | 19:30 6 Brother had his house sold in Kelowna a couple days before shit hit the fan. Buyer backed out. Now this last week, all his neighbors have sale signs on their lawns. All paycheck to paycheck. All laid off. All fuucked.

    "Welcome to the Hunger Games...may the odds be ever in your favor" Reply With Quote
  • 1 Like

    LEP

  • Mar 30, 2020 | 19:47 7 depends a lot on how long they keep us in lock down to me it looks a lot like 1929 stocks are going down further yet. companies have all lost money for a month already and it might become 6 months. governments think they can spent out of this mesh but I think not. I think a lot of pain is coming yet. I hope I am wrong government are really good at kicking the can down the road which means a lot more pain later. Reply With Quote
  • 1 Like

    LEP

  • LEP
    Mar 30, 2020 | 20:18 8
    Quote Originally Posted by gdr View Post
    lep, my vision is similar to yours unfortunately.

    I think the biggest mistake that is being made is the government is trying to make the "citizens" whole too soon. All the deferrals on utilities, rent, taxes etc, then add in the $2000/month, or the 75% wage reimbursement or ei whatever people qualify for. Problem is people need to pinch their pennies and adjust their spending. While staying at home in quarantine the costs of living are substantially less, yet people will find a way to spend every dollar available to them and take every opportunity to defer, just compounding the problem for a later date. So all of a sudden the lockdown ends, government assistance is cancelled and people go back to work. They dont get a paycheck until the end of their pay period, at which time now they have all their deferred payments to make plus their regular payments and their increased costs of going to work. Gonna create huge personal bankruptcy issues.

    Gonna be huge tax dollars to be paid back, actually wish they would do that as a surcharge over the next couple years, with a standard rate for everyone, but a double rate for those that took asistance. Otherwise just adding to the national debt is just gonna destroy any prosperity for a generation. Perhaps even a ultra low rate loan instead of handouts to citizens may have been better for everyone.

    Hopefully we beat this thing soon, otherwise there will come a day that we have to say we just cant do it anymore and get back to work.
    Bingo Reply With Quote
    Mar 30, 2020 | 21:09 9 After our country opens back up there will be 1000’s of businesses that will not survive more than a year if that. Therefore a lot of people will not have a job and once the unemployment runs out then we will see the real effect of all this. Thanks to the current government’s environmental policies we will have no resource or energy sector jobs. Not to mention the lost revenue from oil and gas. Canada is in serious trouble and I would not be surprised to see things get so bad, for a very large portion of society, that we see civil unrest. I believe Canada is entering a very dark time in its history. This is shaping up to be the perfect storm. We have weak leadership that has made some very bad policy decisions which has crippled our country’s ability to weather any kind of storm.
    Last edited by cuban_assassin; Mar 30, 2020 at 21:13.
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  • Mar 30, 2020 | 21:10 10 Black market and bartering will flourish to avoid taxes. Oh wait we'll all be like Quebec!!! Reply With Quote

  • SASKFARMER's Avatar Mar 30, 2020 | 21:43 11 China is waiting and skippy will hand us over for peanuts and get free and safe passage out of canada. Reply With Quote
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  • Mar 30, 2020 | 21:50 12 Canada may crack involuntarily. Without our oil rvenue there is no way Canada can climb back out of this. And if Trudeau tries to hit it harder that wont help.

    Everyone is sayin Ab cant seperate now because oil is too low. Well I know a way to increase our oil price by 40% and save 13B a year at the same time and all it takes is the stroke of a pen. But I suspect with the fear around now, seperation is a step too far for most albertans. I guess that movement died for good. We go down with the ship.

    I suspect we will have the IMF looking in here in a few years time. Reply With Quote
  • 1 Like


  • Mar 30, 2020 | 22:11 13
    Quote Originally Posted by jazz View Post
    Canada may crack involuntarily. Without our oil rvenue there is no way Canada can climb back out of this. And if Trudeau tries to hit it harder that wont help.

    Everyone is sayin Ab cant seperate now because oil is too low. Well I know a way to increase our oil price by 40% and save 13B a year at the same time and all it takes is the stroke of a pen. But I suspect with the fear around now, seperation is a step too far for most albertans. I guess that movement died for good. We go down with the ship.

    I suspect we will have the IMF looking in here in a few years time.



    Better check out what happened to Argentina with the IMF. Reply With Quote
    LEP
    Mar 30, 2020 | 22:23 14
    Quote Originally Posted by cuban_assassin View Post
    After our country opens back up there will be 1000’s of businesses that will not survive more than a year if that. Therefore a lot of people will not have a job and once the unemployment runs out then we will see the real effect of all this. Thanks to the current government’s environmental policies we will have no resource or energy sector jobs. Not to mention the lost revenue from oil and gas. Canada is in serious trouble and I would not be surprised to see things get so bad, for a very large portion of society, that we see civil unrest. I believe Canada is entering a very dark time in its history. This is shaping up to be the perfect storm. We have weak leadership that has made some very bad policy decisions which has crippled our country’s ability to weather any kind of storm.
    Weak Leadership causes alot of problems Reply With Quote
  • 1 Like


  • RTK
    Mar 30, 2020 | 22:25 15 Put someone in Ottawa that has a vision and wants to lead this country. What we have there now is an utter embarrassment and a waste of skin. Push forward with a carbon tax on April 1st to save us from pollution and create real meaningful green economy.... really that’s the plan... without even thinking I see opportunities;

    Reduce regulation and make things happen, build the pipelines, improve rail/ports become a stable reliable exporter... manufacturer strategic and necessary medical equipment/drugs. Invest in our military so we can actually offer some support to the USA. Quit wasting tax dollars around the globe and at home... invest in tangible projects that have an economic purpose and projected payback. Work with our neighbours - USA and Mexico between the three countries what do we not have that is required?

    60 seconds in a rant and that’s a better plan than blackface and his band of idiots can come up with in 5 years...
    Last edited by RTK; Mar 30, 2020 at 22:35.
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  • RTK
    Mar 30, 2020 | 22:34 16 Did Blackface actually suggest we saved for a rainy day and it is now raining and we are well positioned to respond? Did he say that... there is no way he could say that... how could you even remotely think you could say that? Is this guy on drugs? Wow is all I can say what a fool, he has destroyed this country and we need to wake up and get an incompetence vote done and move on with some good governance. Reply With Quote

  • Mar 30, 2020 | 23:05 17 Strong men make good times
    Good times make weak men
    Weak men make hard times
    Hard times make strong men....

    Oh ya, and shove your gender neutral rules up your @SS.
    The only people too stupid to understand it are the ones focussing on all the wrong issues, and there were many.
    Covid-19 only accelerated what was coming.

    Interesting times. Reply With Quote

  • Mar 30, 2020 | 23:25 18 It's better to be a year too early than a day too late. !!!
    Last edited by 6V53; Mar 31, 2020 at 00:33.
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    Mar 31, 2020 | 00:21 19
    Quote Originally Posted by jazz View Post
    Canada may crack involuntarily. Without our oil rvenue there is no way Canada can climb back out of this. And if Trudeau tries to hit it harder that wont help.

    Everyone is sayin Ab cant seperate now because oil is too low. Well I know a way to increase our oil price by 40% and save 13B a year at the same time and all it takes is the stroke of a pen. But I suspect with the fear around now, seperation is a step too far for most albertans. I guess that movement died for good. We go down with the ship.

    I suspect we will have the IMF looking in here in a few years time.
    To clarify, I made a post about separation now that oil is worthless in another thread. I still think it is inevitable, and in our best interests, and probably will happen even faster now. My concern is that it is now a buyers market, since we are negotiating from a position of absolute desperation, and will have to agree to whatever terms are offered, and honestly they couldn't possibly be worse than the terms we face by remaining here. Reply With Quote
  • 1 Like


  • Mar 31, 2020 | 03:11 20
    Quote Originally Posted by wiseguy View Post
    Never eating a chinese orange ever again !

    To hell with canola I'll grow wheat for the USA !
    We had an Alberta Town Hall Agricultural Conference Call tonight [almost 400 on the provincial wide call].

    It was aVery interesting Corvi19 call.
    Premier Kenny gave some ALBERTA stats:
    March 30 Approximately 46,057 Corvi19 tests have been done in ALBERTA with 690 Corvi19 positive results. 8 deaths.
    https://www.alberta.ca/covid-19-alberta-data.aspx#toc-1
    This means that the infection rate is low in ALBERTA. Premier Kenny says we have done well at flattening the infection curve.
    Premier Kenny said the projected peak in Corvi19 infection in Alberta will likely be in the middle of May according to most recent models look like over half of people will be exposed to the Corvi19.

    On China Premier Kenny was critical of the way China did not transparently own up to Corvi-19 causing massive disruption to our western economies... on top the Saudi's and Russians are intentionally pillaging our North American energy sector to bankrupt it.

    Premier Kenny is in talks with the US officials to work towards a North American Energy market system... that creates a base North American support price of oil and gas... they think it will take over 2 years to put this together... with a 25% shrinking of GDP/ABeconomy this year with perhaps over 20% unemployment until the energy sector gets realigned.

    Premier Kenny said there will be a major readjustment with China trade because of the betrayal RE Corvi-19 pandemic; to a future North American based economic system to reduce risks and mitigate China/Russian/Saudi economic disruptions. Very interesting event! When a Big Mac Burger costs more than a Barrel of Alberta Oil... something must change according to Premier Kenny.

    Thx very much to Premier Kenny and Minister Dreeshen for a very informative 1.5 hours of information.

    God Bless Canada and our leaders, we pray for wisdom and healing of our North American people... [and globally] as we fight off this pandemic and unprecedented economic disruption.
    Last edited by TOM4CWB; Mar 31, 2020 at 03:14.
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  • Mar 31, 2020 | 06:29 21 Epidemiologist added valuable information:
    Because we do not have a vaccine and testing puts that option at least a year out, researchers look to alternative immunity options, just one interesting new one is that when we make it through the virus we carry antibodies in our blood. Question is whether blood products can be used to transfer the immunity to others. There’s hope. 🍀 Reply With Quote
    ajl
    Mar 31, 2020 | 07:23 22 I agree with most of what is said just that it will be worse than the assessment of most. Canuckistan is now in a depression that I will not live to see the end of. I am 50. The big issue is long term demand. The jobs will not return as who is going to spend in this environment? Tourism and travel industry is done as tourists are now viewed as pariahs. Export markets are gone as they are going to have to service existing debt. Where is the income going to come from for major purchases? Pension funds have been blown up as 3% is now a great return on assets and with reduced demand you can't return to the work force as jobs are gone forever and the ones that do remain are going to be very poor quality. Our society is done as some lucky folks will have their income protected and will look down on others who are suffering. The we are all in this together that happened in the last depression is gone. Anyways welcome to the third world. Reply With Quote
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  • biglentil's Avatar Mar 31, 2020 | 07:30 23 The evidence is overwhelming. The virus was designed by the CCP.

    https://www.zerohedge.com/geopolitic...-italian-state Reply With Quote
    Mar 31, 2020 | 11:17 24
    Quote Originally Posted by biglentil View Post
    The evidence is overwhelming. The virus was designed by the CCP.

    https://www.zerohedge.com/geopolitic...-italian-state
    Quelle surprise Reply With Quote
    Mar 31, 2020 | 11:20 25
    Quote Originally Posted by ajl View Post
    I agree with most of what is said just that it will be worse than the assessment of most. Canuckistan is now in a depression that I will not live to see the end of. I am 50. The big issue is long term demand. The jobs will not return as who is going to spend in this environment? Tourism and travel industry is done as tourists are now viewed as pariahs. Export markets are gone as they are going to have to service existing debt. Where is the income going to come from for major purchases? Pension funds have been blown up as 3% is now a great return on assets and with reduced demand you can't return to the work force as jobs are gone forever and the ones that do remain are going to be very poor quality. Our society is done as some lucky folks will have their income protected and will look down on others who are suffering. The we are all in this together that happened in the last depression is gone. Anyways welcome to the third world.
    This ^

    My grandchildren's generation will look back on us as the most selfish animals on the face of the earth. Sacrificed their lives to preserve our own.

    What can I/our generation provide to help reduce that impact? (I don't think the answer will be "money")

    Is it a tangible or intangible? Reply With Quote
    Mar 31, 2020 | 11:33 26 Wonder what the lawyers will make in a $20 trillion dollar lawsuit? Reply With Quote
    Mar 31, 2020 | 11:36 27
    Quote Originally Posted by farmaholic View Post
    Strong men make good times
    Good times make weak men
    Weak men make hard times
    Hard times make strong men....

    Oh ya, and shove your gender neutral rules up your @SS.
    The only people too stupid to understand it are the ones focussing on all the wrong issues, and there were many.
    Covid-19 only accelerated what was coming.

    Interesting times.
    we are fully into the third cycle Reply With Quote
  • 1 Like


  • Mar 31, 2020 | 11:38 28
    Quote Originally Posted by TASFarms View Post
    Wonder what the lawyers will make in a $20 trillion dollar lawsuit?
    I seen that this morning.... there will be a war before that lawsuit happens. Reply With Quote
    Mar 31, 2020 | 11:41 29
    Quote Originally Posted by biglentil View Post
    The evidence is overwhelming. The virus was designed by the CCP.

    https://www.zerohedge.com/geopolitic...-italian-state
    I'm not getting involved in the conspiracies, but someone it taking it seriously enough to file a $20 billion lawsuit against China for releasing bioweapons:
    https://greatgameindia.com/20-trilli...iological-war/ Reply With Quote
    Mar 31, 2020 | 11:52 30 Looks to me that after the pandemic for china means:

    No more riots against regime.

    The world community begging them for help

    Kick started manufacturing due to world being devastated and relying on their junk

    Large ownership stake in u.s. and world stocks from massive crash, who bought all those stocks in that 3 day recovery?

    More and intensified political fighting and unrest in the usa

    I'm sure I'm missing some stuff but you get the picture.... Reply With Quote