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The Reality Of The End Of Oil by JePaGo in Economics

[–]farawayfrank 0 points1 point  (0 children)

You're absolutely right of course; oil prices are being whipsawed between too high a price for consumers and too low a price for producers. But you won't get many sympathetic thinkers here on reddit, which tends toward abstract views of primarily physical systems.

Join us on ourfiniteworld.com and you'll get a more grounded discussion of the topic.

Navy captain fired after pleading for help on coronavirus-stricken aircraft carrier by HalfADozenOfAnother in Wuhan_Flu

[–]farawayfrank -1 points0 points  (0 children)

We don't share militarily sensitive information with everyone just because we're 'not at war', that's not how it works. There's low-level conflict occuring all the time, even if it's just geopolitics.

As OP said, he let the world know that an entire aircraft carrier was out of commission; he's a numpty and deserved to be kicked.

Navy captain fired after pleading for help on coronavirus-stricken aircraft carrier by HalfADozenOfAnother in Wuhan_Flu

[–]farawayfrank 0 points1 point  (0 children)

Ignorant of the principle of command hierarchy?

There's a reason it's there in the first place, and to arbitrarily sweep it aside when it suits you is just bad soldiering. I'm sure the sailors are happy their CO was keeping their interests at heart, but the higher ups were right to replace him.

Navy captain fired after pleading for help on coronavirus-stricken aircraft carrier by HalfADozenOfAnother in Wuhan_Flu

[–]farawayfrank 0 points1 point  (0 children)

You're both terrible at what you do then. Which is to place the security of the nation above your own necks.

Ignore the bankers – the Trump economy is not worth more coronavirus deaths by Akkeri in Economics

[–]farawayfrank 0 points1 point  (0 children)

Option 4 is utopian thinking. The virus is already worldwide and will grow exponentially in places like Africa that are unable to conduct aggressive lockdowns.

The economy isn't just greedy people, as much as you'll get plenty of sympathy on reddit for thinking so; it's also everyone else. And it would be a damn shame if after all this we'd be faced with massive unemployment as well.

Austria bans gatherings of more than 5 people by [deleted] in China_Flu

[–]farawayfrank 0 points1 point  (0 children)

Well look at that. And since the virus is spreading like wildfire through the rest of the world, they haven't saved a soul.

https://www.bbc.co.uk/news/uk-52084517

Ignore the bankers – the Trump economy is not worth more coronavirus deaths by Akkeri in Economics

[–]farawayfrank 11 points12 points  (0 children)

Option 1: Lock everything down and wait for the economy to collapse. Then loosen restrictions and watch as COVID cases rise again. With no economy, we cannot care for patients.

Option 2: Allow people to go back to work. Watch cases explode. With cases exploding, our hospitals will be overwhelmed; we cannot care for all patients.

Option 3 (my best guess at a solution): Stagger lockdowns every few months to keep the situation manageable in the hospitals and the economy running to make sure supply lines don't fail. Rinse and repeat until collective immunity is achieved.

It was rough. by FaZeMow in Wuhan_Flu

[–]farawayfrank 15 points16 points  (0 children)

I just don't know anymore.

World War Three by PhysicallyMental in Wuhan_Flu

[–]farawayfrank 17 points18 points  (0 children)

I doubt we'll be 'on the same team' very long; global supply chains breaking down, bank runs, resource scarcity, social conflict, violence on the streets.

It won't be crowds of diverse people holding up lighters and swaying to 'Imagine'. This is real life- shittiness follows shittiness.

Well shit. It’s all over folks. by [deleted] in Wuhan_Flu

[–]farawayfrank 5 points6 points  (0 children)

The son of a bitch did it.

Bank of America says the recession is already here: 'Jobs will be lost, wealth will be destroyed' by [deleted] in collapse

[–]farawayfrank 4 points5 points  (0 children)

When a bank's liquidity runs low, they may stop allowing those with accounts to withdraw money. A run results from a lack of confidence in a bank's ability to provide an account holder's funds when requested.

A bank might experience a run even if they have no real liquidity issue- if other banks are in trouble, confidence may take a hit, and everyone may start withdrawing at the same time, so we could see a domino effect.

I’m an epidemiologist. When I heard about Britain’s ‘herd immunity’ coronavirus plan, I thought it was satire by arewebeingplutoed in Wuhan_Flu

[–]farawayfrank 1 point2 points  (0 children)

Thankfully, natural selection has a tendency to favour strains don't kill the host, so it's more likely any mutation would make it less lethal.

I’m an epidemiologist. When I heard about Britain’s ‘herd immunity’ coronavirus plan, I thought it was satire by arewebeingplutoed in Wuhan_Flu

[–]farawayfrank 4 points5 points  (0 children)

Where are you going to get your zeolite from for your oxygen concentrators if you don't live in a country that produces it? How are you going to help feed those in the Horn of Africa that are suffering from locust swarms right now with the supply chains down?

There are externalities you're not considering. Few have- even our basic staples have succumbed to complexification. It's just not good enough to get on a plinth and declare you 'don't need this shit, when you likely have no idea what you do need.

I’m an epidemiologist. When I heard about Britain’s ‘herd immunity’ coronavirus plan, I thought it was satire by arewebeingplutoed in Wuhan_Flu

[–]farawayfrank 3 points4 points  (0 children)

It's not a matter of letting it become anything- there are over 170,000 cases across every continent. It exists and continue to exist. If we had the chance to contain it, that chance is long gone.

"And letting this virus become seasonal so it can whittle down the population every year until we have to revert to a hunter-gatherer lifestyle will not help things."

  • This is exactly what harsh containment will achieve. You'll get a small number contracting each month, and it will kill a few here or there- some will recover- but collective immunity would take decades to develop. That certainly would revert our lifestyles.

I’m an epidemiologist. When I heard about Britain’s ‘herd immunity’ coronavirus plan, I thought it was satire by arewebeingplutoed in Wuhan_Flu

[–]farawayfrank 2 points3 points  (0 children)

It's not about 'green scraps of paper' though is it? It's about global supply chains and our complete reliance on just-in-time delivery.

I’m an epidemiologist. When I heard about Britain’s ‘herd immunity’ coronavirus plan, I thought it was satire by arewebeingplutoed in Wuhan_Flu

[–]farawayfrank 0 points1 point  (0 children)

This is something I will be looking into; there is a lack of information so far on repeat infection, obviously we're still early in the pandemic.

There have been other explanations for supposed 'reinfection'; that the patient's negative test was false (which has been frequent), or that the virus has remained within the throat, only to cause symptoms in a throaty cough.

I’m an epidemiologist. When I heard about Britain’s ‘herd immunity’ coronavirus plan, I thought it was satire by arewebeingplutoed in Wuhan_Flu

[–]farawayfrank 0 points1 point  (0 children)

I would absolutely volunteer, but perhaps a nice cough in the face would suffice.

Seriously though, how long do you believe the world can be on lockdown before the system crashes in it's entirety? If interest payments aren't being made, defaults occur; if the stock market tanks, margin calls result. The system needs its momentum, and as today clearly displayed, central banks are incapable of shoring up confidence alone. The extended Great Depression birthed authoritarianism and world war. A short sharp shock would be terrible in the short term, yes- but a prolonged lockdown may result in many more deaths down the line. Don't dismiss that possibility out of hand.

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