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  1. #1
    Banned VegasLifter26's Avatar
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    How are small businesses supposed to survive this crisis?

    Companies cannot afford to maintain operational expenses if they are not able to generate any revenue for an extended period of time. Ive heard that in this stimulus plan if they want to apply for the relief funds, then they are being forced to pay employees even though they arent working.Why are companies in rural parts of the country still forced to shut down when workers could safetly work with masks and adequate distancing from other employees? Whats probably going to happen is the businesses will call the banks and see if they can extend financing and now the bank has to decide whether or not to dig a deeper hole, or try to get out of this above water..
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  2. #2
    Maximum Effort gixxer0.6g's Avatar
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    They're not and they wont. That's the plan.
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  3. #3
    Banned wincel's Avatar
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    they aren't

    tour's over

    this is about survival

    you can always start a new business...you can't bring the dead back
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  4. #4
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    Originally Posted by wincel View Post
    they aren't

    tour's over

    this is about survival

    you can always start a new business...you can't bring the dead back
    if that happens then there will be even bigger wealth inequality. All of the big boys will buy up the small businesses for pennies on the dollar
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  5. #5
    Banned wincel's Avatar
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    Originally Posted by VegasLifter26 View Post
    if that happens then there will be even bigger wealth inequality. All of the big boys will buy up the small businesses for pennies on the dollar
    Government will legislate wealth out of the picture. Expect massive taxes or a possible US default and newly minted currency. The economy is fuking dead. Look at the market rn. It's over. It's all fuking over. Right now our economy is basically Amazon, Walmart, and healthcare. LOL. It's all fuked. There will be a huge reform after this, many govt programs to create jobs, a US default or refinancing of debt, etc. They are about to royally chitfuk the entire economy and kill the value of your dollars by injecting 6 trill. Let that sink in.
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  6. #6
    Registered User Skezo's Avatar
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    Originally Posted by wincel View Post
    Government will legislate wealth out of the picture. Expect massive taxes or a possible US default and newly minted currency. The economy is fuking dead. Look at the market rn. It's over. It's all fuking over. Right now our economy is basically Amazon, Walmart, and healthcare. LOL. It's all fuked. There will be a huge reform after this, many govt programs to create jobs, a US default or refinancing of debt, etc. They are about to royally chitfuk the entire economy and kill the value of your dollars by injecting 6 trill. Let that sink in.
    Who was 2 of the top 3 you missed.... agriculture and utilities.

    This won't effect the value of the dollar much. Other countries are doing similar stimulus measures.
    Demand for the dollar is STRONG.
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  7. #7
    Banned wincel's Avatar
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    Originally Posted by Skezo View Post
    Who was 2 of the top 3 you missed.... agriculture and utilities.

    This won't effect the value of the dollar much. Other countries are doing similar stimulus measures.
    Demand for the dollar is STRONG.
    6 trillion dude

    if it wouldn't affect the economy much to print 6 trillion dollars, why was everyone screaming about yang gang or bernie's healthcare plan? LOL
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  8. #8
    Registered User dontstopbelief's Avatar
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    Middle class will be gone
    Super Rich
    Super poor

    That's it now.
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  9. #9
    Registered User Skezo's Avatar
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    Originally Posted by wincel View Post
    6 trillion dude

    if it wouldn't affect the economy much to print 6 trillion dollars, why was everyone screaming about yang gang or bernie's healthcare plan? LOL
    Because this isn't the US doing it in isolation like would be the case then. Those are also recurring expenses.
    Many countries are doing huge stimulus measures right now so it balance out instead of dollar weakening.
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  10. #10
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    Originally Posted by wincel View Post
    Government will legislate wealth out of the picture. Expect massive taxes or a possible US default and newly minted currency. The economy is fuking dead. Look at the market rn. It's over. It's all fuking over. Right now our economy is basically Amazon, Walmart, and healthcare. LOL. It's all fuked. There will be a huge reform after this, many govt programs to create jobs, a US default or refinancing of debt, etc. They are about to royally chitfuk the entire economy and kill the value of your dollars by injecting 6 trill. Let that sink in.


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  11. #11
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    Originally Posted by ~Hades~ View Post
    If I didn’t know better I’d guess a potato typed this
    that’s exactly what happened
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  12. #12
    SillieBazzillie Alt #z4 z4v4's Avatar
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    Originally Posted by gixxer0.6g View Post
    They're not and they wont. That's the plan.
    What plan? Lol @ the CT's.
    https://forum.bodybuilding.com/showthread.php?t=167564111&p=1372188493&viewfull=1#post1372188493
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  13. #13
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    work hard as ****
    break your back literally
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    tells your mates "business is good" at the bbq
    buy a new sports car, windows down - "you made it gary" you say to yourself
    some guy in china eats a bat
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    life is a cruel joke sometimes
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  14. #14
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    This is why I never hired employees and kept my chit sole prop.

    I can weather the storm and keep operations going at the request of my clients because im low key but all my friends in this line of work with 5+ employees are fukked.


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  15. #15
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    Thankfully, my company is still rollin. Only downside is some of our customers are taking big hits, might close up shop, or not be able to pay their contracts.
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  16. #16
    Banned wincel's Avatar
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    Originally Posted by Skezo View Post
    Because this isn't the US doing it in isolation like would be the case then. Those are also recurring expenses.
    Many countries are doing huge stimulus measures right now so it balance out instead of dollar weakening.
    No it doesn't. It makes everything worthless. Printing monopoly money doesn't create actual supply. Mandating and adding price controls does not repair market inefficiency.

    This won't work for the same reason MMT is bullchit and Bernie's pipe dreams of a grand utopia can't exist. SCARCITY. This is the beginning of the end.
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  17. #17
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    My business is fine. I'm floating my one employee fine and they can work from home so not a big deal though my income has dropped considerably I should be ok for awhile.

    My family owns a small business with less than 20 full and part time employees. Most are getting laid off and will collect unemployment. The business itself without employees has very little expenses day to day. Most of its assets are paid in full with very little debt. Honestly with utilities turned down the overhead is very low and they have plenty of equity in their assets if need be (10 mil in property value paid in full and several mil in inventory)

    The businesses that struggle are going to be the ones with a lot of debt payments to make. So the more fiscal responsible they were before the better they will do. I expect a lot of the competitors in my families business to go under which will be great for my families business in the long run. Survival of the fittest and all that. They had the same thing happen during the last recession 3 out of 4 of their biggest competitors all went under.
    Last edited by J411; 03-25-2020 at 09:31 PM.
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  18. #18
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    Originally Posted by savageoldman View Post
    work hard as ****
    break your back literally
    build an amazing business finally start to make it
    tells your mates "business is good" at the bbq
    buy a new sports car, windows down - "you made it gary" you say to yourself
    some guy in china eats a bat
    you lose everything

    life is a cruel joke sometimes
    Saw on the news 2 young guys who just purchased a bar a month ago, now on lockdown, saying don't know what they're gonna do.
    Life is just not fair sometimes.
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  19. #19
    Huitzilopochtli commands Weightaholic's Avatar
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    Originally Posted by dontstopbelief View Post
    Middle class will be gone
    Super Rich
    Super poor

    That's it now.
    You've been headed that way for a long time now, this has just accelerated the end.
    So much universe, so little time.
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  20. #20
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    I'm glad to be a landlord right now; even though I face loss of income due to some of my renters likely going broke in the months ahead, most of my properties are now paid off (so glad I sacrificed short term pleasure to pay down principal whenever I could, over the last 20 years) so I can cover the properties I still pay mortgages on. And people will always need a place to live.

    It's not an ideal situation, but at least I don't have employees I'm responsible for (I only employ contractors on an as-needed basis, no permanent employees) and at least I'm not at the mercy of an employer for my paycheck.

    I'm also glad I'm a minimalist. I don't need jack sh*t, really. Feels kind of liberating right now.
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    Well 1000 people died so we better fuk over 329,999,000 of the remaining Americans
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  23. #23
    ⭐⭐⭐⭐⭐ Tamorlane's Avatar
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    Originally Posted by Boxman View Post
    I'm glad to be a landlord right now; even though I face loss of income due to some of my renters likely going broke in the months ahead, most of my properties are now paid off (so glad I sacrificed short term pleasure to pay down principal whenever I could, over the last 20 years) so I can cover the properties I still pay mortgages on. And people will always need a place to live.

    It's not an ideal situation, but at least I don't have employees I'm responsible for (I only employ contractors on an as-needed basis, no permanent employees) and at least I'm not at the mercy of an employer for my paycheck.

    I'm also glad I'm a minimalist. I don't need jack sh*t, really. Feels kind of liberating right now.
    sounds like a good gig
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    They will have to close down temporarily, then reopen in a couple weeks. The lockdown will switch to isolation for sick/elderly and this thing will run its course in a month. If you don't have it, you'll probably get it, beat it in a day or two and no longer be contagious. Far more people have this thing than we know about since they only have a cough for a couple days then are fine.

    Some companies won't survive even with banks forgiving late loan payments, stimulus packages etc...but they can rebuild.

    It's when the big companies start to feel the heat that the government will switch it's tone and reopen, which will be in a week or two.

    Yes, many will die. Sadly. But 99.X% won't die, so going into a global depression to save .0X% of the population is not going to happen.

    Tldr if small companies have reserves to stay afloat for a couple more weeks they will have a bad Q2.
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    Yep all of the woke big companies will buy up the little guys. Expect to see a Starbucks on every corner where your local coffee shop used to be.
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    Originally Posted by Boxman View Post
    I'm glad to be a landlord right now; even though I face loss of income due to some of my renters likely going broke in the months ahead, most of my properties are now paid off (so glad I sacrificed short term pleasure to pay down principal whenever I could, over the last 20 years) so I can cover the properties I still pay mortgages on. And people will always need a place to live.

    It's not an ideal situation, but at least I don't have employees I'm responsible for (I only employ contractors on an as-needed basis, no permanent employees) and at least I'm not at the mercy of an employer for my paycheck.

    I'm also glad I'm a minimalist. I don't need jack sh*t, really. Feels kind of liberating right now.

    Yep, this is such a good example of why paying off your loan faster is better than getting a 32 year and putting your money towards other investments or equities.
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    my company doesnt even feel this
    I love eggs, Charlie. And I love crabs. And I love boiling denim and banging whores. And I don't care if anyone doesn't like that about me, they don't have to stick around.
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    Originally Posted by VegasLifter26 View Post
    Yep, this is such a good example of why paying off your loan faster is better than getting a 32 year and putting your money towards other investments or equities.
    So true what you said about paying down principal in lieu of other investments like stocks, bonds, etc. I only wish I'd been more aggressive in this; over the years I put about 50% of my investible money into stocks\commodities\bonds and 50% towards principal on my mortgages. But in hindsight, I'd have been better off it that had been 100%.

    I don't like Trump, but if he defies the whiners and reopens America, he's got my vote.
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    Originally Posted by VegasLifter26 View Post
    Companies cannot afford to maintain operational expenses if they are not able to generate any revenue for an extended period of time. Ive heard that in this stimulus plan if they want to apply for the relief funds, then they are being forced to pay employees even though they arent working.Why are companies in rural parts of the country still forced to shut down when workers could safetly work with masks and adequate distancing from other employees? Whats probably going to happen is the businesses will call the banks and see if they can extend financing and now the bank has to decide whether or not to dig a deeper hole, or try to get out of this above water..
    The SBA loans will be forgiven if the employer keeps their employees on their payroll for the 8 weeks that the loan is granted for.
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    I think people lives are more important
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