First Pallet Pictures

I was just a bit concerned when you mentioned that you were buying items to process. It would be pretty easy to take a beating on that one.

Win, lose, or break even ... it's all a learning experience.



I'm wondering what the world will look like once we get past this whole Corona thing and the dust settles. T. was concerned that the government is blindly throwing money at it. I have to disagree on that point BUT they are creating a lot of money and pumping it into the economy right now.

One could look at it this way. A crisis erupted. They borrowed a ton of money and then directed it into the banking system to keep everything on an even keel. That's a good short term emergency fix !

The one thing you don't want at a time like this is a shortage of money. That could collapse the global banking system and make this whole thing far worse.

The problem is that there will be a price to pay after this is all over. All that borrowed money will have to be paid back somehow. Payback is a bit*h. It will slow the economy to a crawl and devalue the dollar.

We might have a situation where prices are high and money is hard to come by.

Originally Posted by hills

I was just a bit concerned when you mentioned that you were buying items to process. It would be pretty easy to take a beating on that one.

Win, lose, or break even ... it's all a learning experience.

I think I will still come out ahead. A little less ahead since scrap prices of who I am sending to just went down about 20-30%, BUT thats to be expected with all the rona going around.....

Should still come out ahead, I think I should be getting around a 10x return on my money, give or take. but it may be hard to calculate given that some of the stuff I buy get split up and sent to various buyers, various scrap yards, etc. But I should certainly still come out ahead money wise.... now if what I come out ahead, divided by how many hours I spent buying, seperating, packing, mailing, etc, comes out to be worth it, will be a different question LOL. either way should all be good.

Originally Posted by hills

I'm wondering what the world will look like once we get past this whole Corona thing and the dust settles. T. was concerned that the government is blindly throwing money at it. I have to disagree on that point BUT they are creating a lot of money and pumping it into the economy right now.

If the gov doesnt send out money, there will be rioting and looting in the streets. People are running out of money, and soon, and wont be able to buy food or feed their familes.... and cant even go out and find work to make money, since everything is shut down. Thatll put people into some very desperate places, which is not good for peoples saftey.

Originally Posted by kss

If the gov doesnt send out money, there will be rioting and looting in the streets. People are running out of money, and soon, and wont be able to buy food or feed their familes.... and cant even go out and find work to make money, since everything is shut down. Thatll put people into some very desperate places, which is not good for peoples saftey.

A part of what i'm seeing is that ordinary folks are paying with credit cards now. (They usually use debit cards and only spend money they have in the bank.) Traditionally, this time of year, you would rarely see a credit card used. They're more for the upscale folks.

This leads me to think that a clam digger with a platinum card is getting into his emergency stash. A pretty smart move by " The Fed " to dump a bunch of money into the banking system BEFORE a money shortage happens. Now the credit card companies have plenty of money to lend to those in need. The banking industry is also talking about deferred loan payments & interest only payments to help those affected by this event.

We've reduced hours of operation & started laying off our older workers who are most at risk. It's strictly voluntary to take a layoff at this point. The state set up a special section of our unemployment system just to render aid to those whose jobs were affected by the Corona thing. If you are high risk and don't want to be on the job just go home and collect a check for the next six months.Same thing if the company you worked for closed and you were involuntarily put out of a job. You're covered.

So far ... tons of timely support from the state & federal governments. That should help calm any potential civil unrest.

Originally Posted by hills

A part of what i'm seeing is that ordinary folks are paying with credit cards now. (They usually use debit cards and only spend money they have in the bank.) Traditionally, this time of year, you would rarely see a credit card used. They're more for the upscale folks.

That is an interesting observation. I always use a credit card and pay it back before any interest hits..... gets me free cashback plus credit cards offer better fraud liability. Credit card puts a layer between you and fraud. If your card gets stolen or the numbers swipped (like at a gas station pump) and someone runs up $1000 on there before you notice, if its a debit card, your money is gone (at least temporarily). So it could be weeks before your banks fraud department puts that money back.... with credit card they credit your account back right away, and youre fine and you are not ever out any money, even temporarily. Ive had each of my creditcard numbers stolen, multiple times, so I NEVER use debit, just to prevent a situation like I said from happening.... but.... regaurdless.... and interesting observation