The Covid-19 Info thread (keep politics out please)

[Political Hack]

I'm not saying we are going to jump out of this by any means and I'm not trying to get political either but I would love to know how others feel about this. I have to say it sure feels like all the government regulations are being removed and we are about to see what the USA is really about when the private sector is able get going. I think we have to have the best of the best and these companies are about to get rolling making tests and PPE's and all this stuff that is needed.

Maybe I'm living on a dream cloud?? I tend to be optimistic and try to look for something good in times of turmoil.

Without government intervention right now hospitals, airlines, banks, the service industry, etc... would all fail during this pandemic. 100's of millions of people would lose jobs. We have to have some level of regulation to protect the integrity of the system. That's what some people refuse to acknowledge despite it being an absolute truth. And this pandemic is proving that to once again be 1000% accurate.

[hacker]

banks

Here's something really interesting I came across, check the first line:

https://www.federalreserve.gov/monet...reservereq.htm

Our banks no longer are required to have reserves. Why tho? Are they expecting a run? Isn't that the reason for the deposit reserve anyway? It's pretty alarming IMO. Admittedly, I don't know a whole lot about the banking system.

[The Federalist Engineer]

Here's something really interesting I came across, check the first line:

https://www.federalreserve.gov/monet...reservereq.htm

Our banks no longer are required to have reserves. Why tho? Are they expecting a run? Isn't that the reason for the deposit reserve anyway? It's pretty alarming IMO. Admittedly, I don't know a whole lot about the banking system.

Actually- by what you just said, you know everything about fractional reserve banking. You da man.

But this is a sports site.

[Maverick]

Without government intervention right now hospitals, airlines, banks, the service industry, etc... would all fail during this pandemic. 100's of millions of people would lose jobs. We have to have some level of regulation to protect the integrity of the system. That's what some people refuse to acknowledge despite it being an absolute truth. And this pandemic is proving that to once again be 1000% accurate.

I agree, I think what I said got lost in there. I'm not saying we don't need the government to step in, I'm saying once they did and made a decision to let the private sector help in producing these tests and PPE's and stuff is smart. It seems pretty obvious the cdc way was taking way too long.

[Political Hack]

I agree, I think what I said got lost in there. I'm not saying we don't need the government to step in, I'm saying once they did and made a decision to let the private sector help in producing these tests and PPE's and stuff is smart. It seems pretty obvious the cdc way was taking way too long.

Gotcha. Yeah, I was really proud of the sports industry for leading the way with cancelling group events before people really understood how serious this is. I think the private sector has been tremendous so far. I hope fatigue doesn't set in. This is going to be a marathon.

[Dawgology]

Gotcha. Yeah, I was really proud of the sports industry for leading the way with cancelling group events before people really understood how serious this is. I think the private sector has been tremendous so far. I hope fatigue doesn't set in. This is going to be a marathon.

This is what I hope as well. I've already seen a couple people make statements along the line of they are tired of hearing about it and/or they are "so over" all of this. This is just the calm before the storm. We arent' even in it yet.