/biz/ - Business & Finance

Because then there will be bank runs

>>17911759
>they don't just freeze the economy in place right now
Because the normies would finally realize the manipulation

>>17911777
Freeze bank accounts then and have the government distribute money to people for essential things like food and medicine during the lockdown.

>>17911794
Then again there are some normies who will never realize...

Also they could temporarily nationalize all food and medicine production to ensure that everything continues to operate.

>>17911759
>>17911794
because all the food would instantly stop, police would quit, fires would rage, drs would quit, and electricity would be turned off.

you perfectly represent the bernie voter.

>>17911759
BECAUSE WE ARE BUYING CHEAP OIL

FUCK YOUR STOCKS
FUCK YOUR CRYPTO
FUCK YOUR PMS
TEXAS TEA
BLACK GOLD
SWEET CRUDE
ITS ON THE MENU
ITS WHATS FOR DINNER
LETS GET RICH BOYS!!!!

>>17911871
During World War II, the government compelled all industries to shift production for the war effort and instituted food rationing to make sure that there was enough food to go around. This is kind of a similar situation.

>>17911871
This post is as stupid as the one asking why we don’t just shut down the entire economy

>>17911955

The US during WWII was basically a communist economy.

>>17912292
If that's what has to happen to save it, then so be it.

>>17911871
Agreed, we all know doctors and cops are selfish and won't work for anything beyond the basic necessities of life.

>>17911794
If you freeze bank accounts, any large metropolis will see a lot of bank branches set on fire or held at gunpoint.

>>17912317

Well they are already proposing UBI and in Spain they nationalized all the private hospitals.

>>17911759
This correction was badly needed anyways. There wss so many companies trading at preposterous multiples of their profits, and a handful of companies trading at delirious divide by zero multiples of their ZERO dollar profitability.

>>17912396

Financial transactions are necessary when all the goods are transported by the private sector I think.

>>17912317
>>17912292
FDR was a disaster for Western culture and especially for the US.

>>17912292
Nah the US during WWII was basically nat-soc not communist. We operated like Nazi Germany's economy wherein the private sector worked in close concert with the government and the government got what they needed done by offering contracts and giving them to the lowest bidder

>>17911759
Imagine being so turbocucked and braindead that you think the only thing going wrong right now is the coronavirus pandemic, THEN imagine thinking it is the sole cause of this crash.

>>17912535
It doesn't even matter what the cause is, if they allow the US economy to crash then we are all fucked and hundreds of millions of people around the world will die.

>>17912464

No one cares mutt.

>>17911794
Kek human civilization would collapse overnight

>>17912502

Well technically that's still true, the government just works to the benefit of corporations at the expense of people.

>>17911794
That is literal communism. I don’t understand you, if a guy loses his job or a company moves overseas it’s “muh free market” when things go to shit “why doesn’t the government do something?”

>>17911794
>>17911794
>>17911759
Our neighbors and countries we supply with foods would suffer.
Trucking and supermarkets can't be shut down otherwise people will get shot for toilet paper and food.

The government can't take over industries because that would basically be communism and we have too many people with guns for the government to take over easily.

Also this >>17912535

>>17912427
Yes, a correction was needed, but a gradual sell-off, not a sharp spike down. Many companies will not survive this who would have otherwise survived a gradual 30% decline over months.

>>17912656
I moved from Europe to the US when I was 5 you retarded pinko fag.

>>17912709
Because the survival of civilization is more important than the free market.

>>17912708
No, not really. During WWII your average American on the home front was pretty well taken care of. They had a job, guaranteed food, a place to live, etc. It was a boon to rural areas where the government subsidized farming for the first time in history and farmers could plant knowing they were guaranteed a baseline level of income and they were all private family farms. And even when money was tight you could use your ration cards to barter for things like repair of farm implements. It wasn't communism and it also wasn't adverse for the living conditions of the average American.

>>17912778
That's not how markets work, markets take the stairs up and the elevator down, there's no gradual sell offs...

>>17913041
Yes, in a central-bank ran illusionary economy that is how they work. In a true free market it would be like the crypto markets, daily big ups and big downs which would actually be a good thing because it would scare the average yokel out who frankly has never had any business being in stonks to begin with, and it would give money managers better opportunities to make REAL wealth with swing trading versus this BS ponzi scheme we've had for 100 years with measly payouts to normies that just mildly beat inflation.

If one good thing comes out of this I hope we see the death of the 401k and a return to pensions.

>>17911794
>just collapse society bro

VIVA LA RAZA

>>17912778
Most likely true, but if what they did was of any actual value to the market, someone, or many someone's, will fill that void as soon as the kids head back to school.

It'll be a golden age for anyone out there who's ever said, "I want to start a business, but I don't know what to do."

>>17912368
>doctors
no
>cops
yes

>>17913359

>>17911759
As they should, you retard. If you don't let companies go bankrupt by propping them up with free money you turn them into zombie companies that drag down the entire economy.

>>17912933
The survival of civilization is exactly why the market is going to shit. Entire economies are grounded to a halt for that reason alone

>>17912464
Based and truthpilled. Fuck that crippled cryptokike

>>17914411
And fuck his whore wife, who was even more of a moronic central planner who ruined tens of thousands of lives to play Black and White irl

>>17913661
>you should destroy the economy so the economy isn't less efficient
Capitalist "creative destruction" is retarded.