IRS delays tax-filing date to july 15, matching payment deadline

Re:IRS delays tax-filing date to july 15, matching payment d... by 0x8BADF00D on Friday March 20, 2020 @02:16PM (#22639919)

Everyone here should be extremely nervous about the future of our country. Congress and the President are seriously considering helicopter money, which will ruin the dollar and send us into hyperinflation. It’s not rooted in reality. Who are we borrowing from? The surplus nations of the world will divert their surpluses domestically due to COVID-19, not by buying US treasuries and holding onto dollars. The only reason the dollar is going up is due to people trying to get out of dollar denominated assets.

If anyone here wants to get ahead of this, please at least consider buying silver. The dollar will become worthless.

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Re:IRS delays tax-filing date to july 15, matching payment d... by quartzite on Friday March 20, 2020 @02:36PM (#22640217)

Not sure why you're being downvoted. We have massive debt and our Federal Reserve is now resorting to buying treasuries again but in spite of that yields are rising! This should disturb everyone. Helicopter money won't necessarily cause hyperinflation but it will cause some inflation along with massive new debt.

Here's a reality check: MMT and related ideas are nonsensical. They cannot work. They will destroy economies where they are implemented.

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Re:IRS delays tax-filing date to july 15, matching payment d... by TheGrassyKnoll on Friday March 20, 2020 @03:39PM (#22640866)

Treasury Yield 10 Years (^TNX) NYBOT - NYBOT Real Time Price. Currency in USD 0.9380 -0.1810 (-16.18%) As of 2:59PM EDT.

  Yields are rising ? 10 year notes under 1%. They're talking about negative rates.

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Re:IRS delays tax-filing date to july 15, matching payment d... by gscott on Friday March 20, 2020 @02:35PM (#22640198)

A lot of people, companies and countries have borrowed money in dollars and now with the downturn on stocks and other assets they have to sell their dollar denominated assets to pay back loans that come due in dollars.

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Re:IRS delays tax-filing date to july 15, matching payment d... by halfmatthalfcat on Friday March 20, 2020 @02:20PM (#22639981)

I heard buying silver is _not_ a good investment and all of the current bailouts being distributed are not just cash handouts (unless we’re talking about the personal stimulus part), but loans to companies which will be paid back.

In 2008, all of the “bailouts” by the governments were loans that were paid back in full and the American people actually made a 50B profit, lowering inflation.

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Re:IRS delays tax-filing date to july 15, matching payment d... by quartzite on Friday March 20, 2020 @02:37PM (#22640228)

Which is precisely why this bailout will cause inflation.

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Re:IRS delays tax-filing date to july 15, matching payment d... by somebodythere on Friday March 20, 2020 @02:42PM (#22640292)

Good, we desperately need some of that.

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