The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

a little different way of looking at Quantitative Easing

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Champion

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Apr 12, 2019
487
426
147
Hamburg, Germany
Hey guys,

Im starting this thread in response to some other threads Ive seen ghosting around in this forum. The topic in the other threads were about how low wage workers are getting such "huge relief packages" due to corona, and how its completely unfair compared to the other harder working people.

This got me thinking, because actually, whats really happening is that people on all levels: mainly business owners, are also getting the same relief packages, relatively seen, even bigger ones !!

Sure, an unemployed or unsalaried worker is getting some relief right now, but so is the middle class and so are business owners. And the packages are higher... like way higher.

If you are somebody who already had a running business before corona, in Germany at least, you are now able to apply for pretty good financial relief packages. Even for 1 person companies. This opens a whole other world of opportunities.

Im in the situation myself right now. I run a 1 person private company, adding my first employee on 01.05.2020.

The relief im able to apply for is equal to a total of 11,5k Euros (9000 Euros from federal relief and 2500 from state programs).

This is going to be huge for my business, I cant believe its happening! Im so excited... but there has to be negative side effects to all of this, right? I mean.. there must be?

I dont even want to start talking about the relief packages that bigger companies are getting. 5 people+, 25 people+, 150 people+ and 250 people+ companies, the relief packages get bigger and bigger.

Once you're talking about more than 250 employees, the relief packages are somewhere in the billions, its insane!

Until now, I haven't even dared to imagine how scary all of this could become. And I have to admit, im kind of worried.

Corona just seems like the tip of the iceberg, compared to whats still to come in terms of economic crisis.

I really dont want to paint the picture too black, I mean, we have already survived the last crises that happened and after all, im an optimist who believes we will also conquer this one.

A lot of change is happening and there are opportunities everywhere. Think about it... usually mega opportunities as these would not present themselves in everyday life during a bull or normal stable economy. In fact, they wouldn't even exist. Now is the time to become the next Bill Gates, Jeff Bezos or Elon Musk.

Millionaires, no... billionaires.. will be made. Who knows, we might even see the worlds first trillionaire emerge from this crisis!

Keep your eyes open and lets all come out of this crisis stronger than ever :cool:

Stay safe out there guys and im looking forward to a bumpy ride, with good times ahead!
 

Don't like ads? Remove them while supporting the forum. Subscribe.

valuecreator

Bronze Contributor
Speedway Pass
Apr 16, 2015
87
160
136
50
Australia
The money printing has nothing to do with helping people - this is the pretext.

In the current system, money is debt. There's an interest rate attached to every $ created (borrowed into existence). Because of this, the system is a slave to the compound interest equation. Everything they're doing is kicking the can all the way to the mathematical conclusion.

That's why Trump was monetizing debt (deficit) twice as much as Obama and the GOP didn't say a word. They all know that. This "pandemic" is a psy-op. This is really a financial reset. The BIS and many Central Banks have been warning us this was coming all last year - they always let us know but nobody is listening.

Covid – 19 = Jubilee 2.0

Historically, Jubilee forgives the debts of the poor every 7 years. Every 49 (7×7) years, there is the restoration of property to its rightful owners.

This Jubilee 2.0 takes advantage of the virus to forgives the debt of the elites and restore the property to the lenders. This is a Reset to continue operations.

As an investor, understanding all of the above guides you which asset class to be in at times like these. I sleep very well at night.
If you believe the current official narrative, all I can say is good luck to you.
This is gonna get Darwinian real fast.
 
Last edited:

Devampre

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jan 6, 2016
163
156
88
25
Canada
Sure for some this will create opportunity. Some have already benefited due to the pandemic which is why some people speculate whether or not this was not an act of god, but a deliberate act of bio-terrorism. I don't have any answers and I don't blindly trust potentially compromised people.

It's worth noting that some of the damage has been done long before these "benefit" packages became a thing in some countries.

And here in Canada, they are going to likely approve a ton of people for this "benefit" but they are going to make anyone they deem unqualified pay back this "benefit" at a later date. At least that was my understanding from it.

Ultimately, this "pandemic" is likely not the end of the world. Start a business, pivot from your current business, buy a business or businesses, invest in X, do whatever is needed to provide others value, etc.

I still feel overwhelmed by my current clients, so I am hunkered down all day in my office regardless of social distancing... I really should hire some contract talent soon... Anyways, I got my little rant in for the day. Hope everyone is safe and well. :)
 

ShepardHumphries

Contributor
I've Read UNSCRIPTED
Feb 5, 2020
46
60
39
Value vouchers must have value attached to be value vouchers. Central bank money has only one arguable value, and that is that many people think it has value.

In the US, the $2 trillion+ CARES Act and other similar actions are only of material value to two groups.
  • W4 people that have household expenses of under $2,000USD per month, including mortgage/rent, health insurance, vehicle, etc.
  • Businesses that are "too big to fail"
For small business owners with some assets to their name (a house with some equity, a rental apartment with a little equity, investments etc), the government's welfare offers are not of material use. For example, a guy with a trade business sole proprietorship grossing $400k a year, with $60k in annual owner's draws and other benefits will not receive material "help."

McDonalds employees will be helped, as will large financial services companies. Most entrepreneurs will not be "helped" by the welfare offerings in the US.
 
OP
OP
Champion

Champion

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Apr 12, 2019
487
426
147
Hamburg, Germany
Value vouchers must have value attached to be value vouchers. Central bank money has only one arguable value, and that is that many people think it has value.

In the US, the $2 trillion+ CARES Act and other similar actions are only of material value to two groups.
  • W4 people that have household expenses of under $2,000USD per month, including mortgage/rent, health insurance, vehicle, etc.
  • Businesses that are "too big to fail"
For small business owners with some assets to their name (a house with some equity, a rental apartment with a little equity, investments etc), the government's welfare offers are not of material use. For example, a guy with a trade business sole proprietorship grossing $400k a year, with $60k in annual owner's draws and other benefits will not receive material "help."

McDonalds employees will be helped, as will large financial services companies. Most entrepreneurs will not be "helped" by the welfare offerings in the US.
Interesting points about what its like in the US.

I will be applying for the benefit packages available to me next week on Tuesday (11,5k maximum, as mentioned). Lets see what happens..

Either way, thanks for clarifying the situation, at least to understand how it is in the US.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
I recently bought an ebook from Kobo. It was one of the few places where I could find that...
  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
I have zero coding skills whatsoever. Are coding skills needed? Will the be learned in the...
  • Sticky
MARKETPLACE How To Create A 100K-1M+ Sales Funnel
@LynX You know, this is a "Marketplace" Thread. Completely appropriate to offer goods and...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...
  • Sticky
MARKETPLACE KAK’s “Kill Bigger” Incubation Program- With DAILY personal attention.
I joined @Kak's business incubator in the first week of May. During our daily chats we uncovered...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
This is your May reminder that you can do this. I'll keep it short. These are the May promos...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks! This is a cool idea, actually. I would like to use your experience as I heard that these...


Visit A Forum Sponsor
sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom
AdBlock Detected - Please Disable

Yes, ads can be annoying. But please...

...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.

I've Disabled AdBlock