A reader asks about it, after offering good background:
This New York Times article shows a map of the United States with colors that indicate what percentage of the population is behind on rent since the Covid-19 shut-downs.
The federal moratorium on evictions is set to expire soon.
Not only are these renters going to possibly be homeless, but the landlords may end up in foreclosure.
There was a federal fund that was supposed to assist with rent, but the article states that only HALF of the 6.2 Million households behind on rent are even eligible and the application process is onerous. So far, very little of the money put aside for assistance has been paid out.
And the article doesn't even touch on homeowners who are behind on their mortgages due to shut-downs.
QUESTION: The narrative has been that the shut-downs were necessary. Will mass evictions and foreclosures play out on such a scale that more people will realize that the shut-downs were too costly?
I mean, what is worse? Dying of Covid-19 or being homeless?
I cannot read the article without subscribing (i.e. paying) so I have not. (I won't patronize the NYT. Too biased, slanted and hostile to objective journalism, although I do acknowledge many good exceptions occur, possibly in this case. Overall, it is a massive opinion board & a public relations agency for a major USA political party.
I support their activity one hundred percent, they are exercising a sacred right enshrined in the US Constitution.
I am exercising my same right to abstain.)
No matter, The Committee offers a reply from above human paywalls.
C: It is far better to live than die. This you already know, we understand your ironic intent with the final comment, and we sympathize.
The federal government will now step in, to attempt to soften the blow. Landlords are a far easier political target than mortgage lenders.
Firstly, because much of residential dwelling mortgage activity involves debt re-sold to investors after being packaged into bonds. Halting foreclosures will significantly and negatively affect institutional investors, who have influence and clout well above landlords of residential dwellings.
Secondly, mortgage lending is a vital component of any nation's economy; meddling with lender's abilities to foreclose overdue mortgages will cause a significant withdrawal of lending capacity. This will hurt the economy in material ways.
Thirdly, a significant amount of residential dwelling mortgage debt is held by the US federal government already, making it easier to handle the foreclosure problem than it seems, if solely institutional investors not part of the USA's federal or state governments, are considered.
Watch for more bailouts with newly printed money, and forgiveness, moratoriums and other measures on mortgages, in addition to leases and rentals.
Some observers will see costs of restricting human activity as too high, who did not see things this way previously but the wide spread of opinions & viewpoints will continue. The federal government realizes that bailouts will be a political necessity.
I remember many moons ago there was a post here which likened our economy to an engine and money likened to the oil or lubricant (or something like that). The point was that too little oil or too much oil can both cause catastrophic damage to the engine.
Thanks for your thoughtful response, Pierluigi. I’m blessed to have both (a little fertile land and good people around me). I’ve even begun growing some Moringa trees in my backyard from seed and cuttings along with a few other edibles.
Crypto seems to be the inevitable response to the uncoupling of fiat from the price of gold back when I was a baby. Some commentators say crypto has no inherent value. But this is ridiculous when you see the use cases of Ethereum for example. If any currency is tending to zero value it's surely fiat. Investing in Ethereum or Cardano is like investing in the nascent Internet.
@ alex: I doubt Latin American countries would adopt a crypto currency as legal tender, for many reasons. Tax assessment and collection, money supply and regulation of important financial functions such as insurance & banking, are just three.
Linda, can I ask where the best Moringa is sold out of? Any brand or type you like over others or does it matter that much? I need the potassium. ).
Lots of foods have potassium, I'd say mix it up. You can get Moringa tree powder at most health food stores, shops or markets that specialize in natural and organic ingredients. I've seen it at Whole Foods, for example. It's easy to order on-line also, the website with the name of the really big South American jungle and river.
Scott R, I buy this brand from Amazon and have been using it for a couple of years. It is an acquired taste but I feel energetic throughout the day.
@Scott R, I bought my original tree at Home Depot years ago, not knowing anything about the tree. Then I noticed my neighbor has a big one and started researching it especially after TC or Patrick mentioned the tree was brought to earth by ETs (if I remember correctly). It is highly nutritious and there’s a lot of info about The Miracle Tree (as it’s also referred to) online and videos on YT.
Yes, I think the Committee said the Moth people were responsible for that plant and bringing it here...I wish I could say more about Crypto but I dont know much about it...I will say that I always thought we would be using the old Grocery stores and whatever other buildings or warehouses will be empty for growing and use as a co-op for the neighborhood.
@scottr I'm not sure about tc but I remember Mrs.medhus doing an interview with one with Erik being like a spokesman for them.
How do you consume this tree? Eat the leaves and seeds? Cook it? Eat it raw?
Basically its the seed pod that is eaten. Some people eat others parts as well. We cook it with potato and other items. Here is a video on how we cook it. https://www.youtube.com/watch?v=t6GK5Ix7VYE&ab_channel=BongEats
Gary, I usually mix 1 teaspoon of moringa powder with 1 cup of lukewarm water and drink it. I tried adding the powder to cereals and mentally milk but the moringa powder taste was over powering the taste of the food hence i stick with juice.
I have been eating this thing all my life. As the tree is native to India, it is part of our regular diet. Only now I am hearing about its "miraculous" properties.
I have some Moringa capsules.
The tree is native to a former planet in the Andromeda Galaxy. It grows commonly in India and South America (which are similar. Lowlands and some really BIG mountains, 6700 to 8000 meters) The Committee tells me the "mothmen" like Tibet, Northern India, Pakistan, Ecuador, Colombia, Peru and New Zealand because of the geography.
Well, if it can grow on such high mountains, then I assume I could grow it here someday.
I eat the tender new shoots of leaves raw. Here’s a good site about Moringa.
Question for TC...view on Afghanistan as a state, will Talibans rule the country, replace it with an extrem Islamic Emirate, implementing the same regressive policies that they enforced during 1996-2001...
Scott2 you are correct...lol. I forgot about that...).
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