Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Will Corona Quarantine Cause A Depression?

These days the word depression has begun to appear in the news. Especially relevant? We’re talking about economic depression because business is pretty much shut down. Will the Corona Quarantine Cause Depression? Learn more in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

Uncharted Waters

We’re in uncharted waters due to the pandemic. No nation has ever brought its economy to full stop in such a short period of time.

Biggest Reduction In Economic Growth Ever

Even more major banks are predicting at least a 25 percent reduction in US output in the first quarter.

Bigger Than The Great Depression

This is unprecedented even in the darkest days of the Great Depression back in the 1930’s.

What’s Done Is Done

While we can ask whether this was a good idea, what’s done is done.

Can We Hit Pause? Or will The Corona Quarantine Cause Depression?

Seems like people think you can ‘hit pause’. Come back in thirty, sixty, ninety or one hundred twenty days. Hit ‘play’ and everything will be fine.

Real Life

But above all, this is real life. Even though it seems like we’re in a movie, we’re not.

We May Not Be Able To Easily Restart

Economies may not start easily once they are shut down. Moreover the central banks have been running very loose monetary policies for years. I’ve done a lot of podcasts about this. The central banks may not have much ammunition left. I’ll tell you what this means in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

What About Actions Government Has Taken?

As a result of ordered lock downs the government has taken action in the last week or so.

Interest Rates Slashed

The federal reserve slashed interest rates twice. The effective interest rate is now zero.

Another 2 Trillion of Relief On The Way

A 2 trillion dollar relief package is working its way through congress.

One Thousand Dollar Checks

We’re all supposed to get one thousand dollar a month checks as needed.

Why Are They Doing This?

Certainly there’s a reason for all of this. It has to do with what a depression is and what causes it. I’ll explain it in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913. Are we there yet? Time will tell.

Making It Better…Or Worse

Finally in the end economists and policy makers will sift through whatever wreckage is left and tell us whether the measures taken now made things better or worse.

Short Deep Recession or Depression

In conclusion whether we have a short and deep recession or a world wide economic disaster known as a depression depends on what our leaders do now.

Out of Our Hands

It sure seems to me like it’s out of our hands.

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

War-AntiWar-Con-Job-Bob Davis Podcast 891

A Drone Strike Blows Up Internet…And A General

First of all after the US killed an Iranian General with a drone strike, social media went nuts. In addition all the other media went nuts. I think it’s time we sorted it all out in War-AntiWar-Con-Job-Bob Davis Podcast 891.

War-Anti-War Con Job

Furthermore when everyone wants to use the ‘facts’ they agree with and repeat arguments they hear on cable TV news it’s nothing but a war versus anti war con job.

Things Could Go Either Way

Certainly the United States is in a serious situation when it comes to Iran. In the wake of the airstrike things could go either way.

Real News Too Confusing and Complicated

Unfortunately no one was thinking about foreign policy when they voted in 2016. Moreover most Americans consider foreign affairs to be too confusing and difficult to think about.

Real World Too Complicated?

Above all when it comes to the US role in the rest of the world every action has a reaction. The hard part is managing reactions going forward.

You Want A Democracy? Grow Up!

Most noteworthy is the question of exactly what Americans want when it comes to foreign dealings. Sorry but it’s not as easy as a meme or a four line capital letters post on social media. More on that in War-AntiWar-Con-Job-Bob Davis Podcast 891.

Shouting Matches Are Not News

Even more these things aren’t solved with split screen debates on television where guests are encouraged to get into shouting matches. Meanwhile we show pictures of planes and ships.

Explaining The Issue

Finally it’s time to attempt to explain the contours of this story. In contrast to the magpies on the line, I am not going to tell listeners and subscribers what to think or what to do. I will not do your homework for you.

Try Listening First

If we really want to figure this out then different points of view need to be heard.

(Editor’s Note: I mentioned my podcast on political populism and promised a link. Click here)

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War-AntiWar-Con-Job-Bob Davis Podcast 891

Free Speech-Social Media-Bob Davis Podcast 829

Facebook Bans

Lots of talk about social media and free speech these days. Facebook just banned several top content creators. Learn more in Free Speech-Social Media-Bob Davis Podcast 829.

Byzantine Policies For Advertising

My personal struggles with Facebook’s byzantine rules for advertising my podcasts is especially relevant. In addition I provide some ways to circumvent the rules I am sure the Russians have already figured out.

Who Decides What Free Speech Is?

Moreover the question of whether the constitution or a company determines free speech, is key.

Alex Jones and Louis Farrakahn…Strange Bedfellows

Facebook banned Louis Farrakhan Alex Jones, Paul Nehlan, Mllos Yiannapoulis, Paul Joseph Watson and Laura Noomer last week. Twitter banned actor James Woods. Who’s next?

Russia Russia Russia

Some say this all started with Charlottesville a couple of years ago. Even more alleged Russian ‘election tampering’ through social media has really got the social media companies running scared.

Silicon Valley In The Dog House

A litany of testimony in front of House and Senate committees from big Internet companies and the threat of antitrust enforcement have Silicon Valley billionaires shaking in their sneakers. In a way I almost feel sorry for them. Politicians used to love social media. Now Zuckerberg’s in the doghouse. Details in Free Speech-Social Media-Bob Davis Podcast 829.

Opinions Are Suddenly Frightening and Dangerous

Consequently one wonders whether people in this country will ever be able to hear an opinion they don’t agree with, without being ‘triggered‘, or thinking there’s an international conspiracy against them.

What’s A Mother To Do?

Certainly users can block, mute or unfollow unsavory characters and people they don’t agree with.

However this isn’t enough.

Gag Them! Shun Them! How Dare People Express Opinions I Do Not Agree With!

As the result of their crimes, offenders must be gagged. Even more, permanently prevented from having their say. This is the corporate version of free speech, backed by a roiling mob.

Try Banning The Backlash

Finally the real truth is you can ban someone from expressing their opinions or entertaining, but you can’t ban the backlash. Sooner or later competitors to these companies will emerge. Content Creators will find other platforms.

In conclusion and in defense of Facebook, getting them to let me advertise podcasts has been clunky and frustrating…

Not impossible.

Moreover some of the worst trolls hide behind anonymity. In this sense, I can understand why ‘registration’ and ‘authentication’ is now part of the process for media businesses on some platforms.

No Longer A Democracy

There will be challenges to  gaggings. Some of those challenges will be based on the first amendment and perhaps equal protection clauses of the fourteenth amendment.

And there should be.

I may not agree with your crazy conspiracy theory or your opinion, but I defend your right to tell the world about it.

Without free speech, we are no longer a democracy or if you prefer a representative republic.

THAT is truly terrifying.

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Free Speech-Social Media-Bob Davis Podcast 829