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   CANACHAT      Canadian chat conference      1,128 messages   

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   Message 158 of 1,128   
   August Abolins to Rob Mccart   
   Hang in there.. this too shall pass..   
   06 Feb 22 13:16:00   
   
   MSGID: 1:153/757.21@fidonet f92cacbd   
   REPLY: 144.canada@1:2320/105 265fccfd   
   PID: OpenXP/5.0.51 (Win32)   
   CHRS: ASCII 1   
   TZUTC: -0500   
   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   
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