Subj : Hang in there.. this too shall pass..
To   : Rob Mccart
From : August Abolins
Date : Sun Feb 06 2022 13:16:00

Hello Rob Mccart!

** On Wednesday 02.02.22 - 00:31, Rob Mccart wrote to SHAUN BUZZA:

 SB>> Having said that, some of us who are hanging from the
 SB>> bottom rung with a pinky still have to choose between
 SB>> rent, food, or TP.

 RM> ...the gov't has passed out a huge amount of money trying
 RM> to support as many people as they can and they can't keep
 RM> doing it forever.

The same gov't has made it difficult for many small businesses  
to qualify for particular handouts too. Instead, a lot of those  
businesses decided to close permanently out of frustration.

This is what should have happend: if businesses were ordered to  
close or reduce operations, then ALL businesses should have  
been treated equally, and that includes banks and financial  
institutions. It is ludicrous to force a restaurant to reduce  
capacity by 50% and yet the very financial institutions that  
may have a vested interest in the success of that business can  
still factor 100% of interest owing.

The best that we got out of banks and creditors was temporarily  
deferred payments oweing. Most credit card companies just  
deferred for 6 months. But meanwhile interest accrued on top of  
that. After that period, they factored in all monies for the  
previous 6 months.  However, retailers had no luxury of  
earnings like that. What business was lost was lost forever.  
There is no way to catch-up and make up for reduced business in  
the previous 6 months.  I'd love to have the privilege to  
expect no lost revenue in those 6 months!

The govt's have interrupted and messed up the business-model of  
many legitimate and hopeful businesses, yet those same gov'ts  
are extending privileges to financial institutions.

 RM> Hopefully before too many more months this thing will
 RM> start to reverse itself or get so mild that we can finally
 RM> Safely treat it like the Flu and get back to living our
 RM> lives.

But the damage is done.  Respectable businesses have lost  
revenue, forever.  Meanwhile, debt collection has been allowed  
to proceed as if nothing ever happened.  There is total  
imbalance in that equation.

 RM> My situation is different since I'm on pensions now so my
 RM> income is guaranteed, if not too high, and my only worry
 RM> is shortages of things I need to buy and the rising costs
 RM> of gas and groceries, but that is minor compared to what a
 RM> lot of younger people have had to put up with.

There's your chance to reduce your standard of living like the  
rest of us! ;)  I have adjusted to live on a very limited set  
of food basics. It's not pretty, but it's still primarily  
wholefood based and healthy.

 RM> Hang in there.. this too shall pass..

It may pass.. but the damage is done: financially, and  
emotionally.  I can understand how exiting this hell-hole of a  
planet that the gov'ts have created can be a better option.
--
  ../|ug

--- OpenXP 5.0.51
 * Origin: Stare into this point intently ->.<- (1:153/757.21)

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