Comments by "" (@tekannon7803) on "CNBC Television"
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It's always a pleasure tuning in to CNBC and today's vocast with Frank Luntz is no exception. We live 2,000 kilometers from the war in Ukraine that has all of us losing sleep at night. Everything is costing more like for you in America. But let's be real: the culprit is how the lockdown has affected business. Sending out trillions of stimulus checks six ways from Sunday to help people suddenly out of a job was a noble act, but though it eased the pain, I think it was not efficient and even unnecessary. What should have been done was to guarantee every business' payroll. If pay checks were covered by the government, people wouldn't have suffered, busineses wouldn't have gone under and when lockdown was over, everything could simply have been re-booted and people would have gone back to a job---that was still there. Hindsight is always 20/20. The problem of course is printing that much money has caused your gasoline prices to double in a year's time along with most products. People vote with their pocket books and Biden gets the boot and loses popularity when things like gas increase wildly. Someone has to take the blame. What is needed is to look at your country now and see where the damage is the most obvious and see if it's possible to fix it so that the next time this happens, emergency measures can be put in place. I think we have to re-evaluate what we do about transporation and work. Why everything is so painful is because in your country---like in mine---people drive to work. Isn't it time to start re-thinking about why we have to drive so far to go to work? Why don't we look at the obvious solution: build our companies and housing units in easy-to-access areas by foot; idem with supermarkets. We should realize the day of the 2-hour drive to work and back home are over. Let's use our cars for Sunday drives. I'm exagerating in simplistic terms but you get my drift; we have to move away from owning cars. They make us into slaves. Cars shouldn't be replaced by feet; their use should be allotted to our free time i.e., Sunday drives. Walking to work and walking to by our food would make the next recession, high inflation or stagflation easier to deal with. I'm giving black and white examples that are of course not that easy to put in place, but we have got to re-think how we can distance ourselves from being dependent on energy and oil and transportation. Yes; I think that means dismantling the suburbs or repurposing them. We all know that we don't need these endless ups and downs about the economy; it's no fun and there's a better way to live.
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Dear CNBC team and Mr Cramer, It was interesting hearing Chairman Powell’s comments on ‘if’ there is a second wave. Let’s just look at Boston with 10% of the population infected to date. That means 90% of Boston’s population are still at risk of contracting this virus: If you multiply that by the rest of your country and the world, with 90% of people at risk of contracting the virus a second wave is almost inevitable. We have to remember that if you go on a ventilator, it can take upwards of a year of recovery to get back to one’s normal condition. If you have time take at look at what I’ve put together on what the virus does to the human body, and the scary thing is they haven’t found all it can do yet. What the virus can do. What I have taken home about this virus is that when the Coronovirus lands in our eyes, nose or mouth or when we inhale it, the spike proteins of the virus bind to the ACE 2 Receptors of the cells. That’s how it gains entry. Once it gains entry, not only does it make millions of copies of itself but it also affects the cells ability to call for help. The cells have to become very infected before the immune system knows something is wrong or what's going on. Once it is deeply imbedded in our body it begins to cause more severe disease. Organs that have ACE 2 Receptors are the heart, kidneys, blood vessels, liver and brain. Viral particles can be found in nasal passages, throat, tears, the stool, kidneys, liver, pancreas, heart and CSF (Cerebral spinal fluid). The virus can also cause meningitis. Our immune system reaction causes inflammation and blood clots in the arterioles of the lungs. In brief: 1. It directly attacks organs by their ACE 2 Receptors. 2. It indirectly attacking organs by way of collateral damage from the Cytokin storm. 3. It indirectly causes damage to organs by means of blood clots. 4. It indirectly causes damage as a result of low oxygen levels, improper ventilator settings, drug treatments themselves, and/or all of these things combined. Symptoms are loss of smell, heaviness, malaise, tight chest, racing heart, muggy head, upset stomach, tinnitus, pins and needles, breathlessness, dizziness, arthritis in the hands and feeling like having broken glass in the lungs. One out of twenty patients with Covid-19 experience long-term, off-on symptoms. Many do not develop fever and cough. Instead they get muscle aches, sore throat and headaches. A pattern of waxing and waning. It’s a multi-symptomatic disease which can affect any organ. It causes microvascular problems and clots. To repeat: Lungs, brain, skin, kidneys and the nervous symptom may be affected. Neurological symptoms can be mild (headache) or severe (confusion, delirium, coma). I live in Europe where things are opening up in my country. I saw the bars full coming home this evening. My feeling is that I think we ought to play it safe and to respect social distancing with a virus this destructive to human life.
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Musk has done the Bitcoin community a great service by showing them that if he's in, then Bitcoin has to come up to his standards, because like a lot of companies, he has to deal with the environmentalists. If I were the guru in charge of Bitcoin, I would not contest Musk's criticism, but rather go and get the energy problem resolved. Then, I would also do the next thing I predict Elon will complain about: transaction times. Do you realize Bitcoin can only provide 5 to 7 transactions per second, whereas Visa can do 30 to 40,000 transactions per second. If Bitcoin's keepers of the golden cryptocurrency want to really see Musk jump in head first, get the energy problem ironed out and just to make him happy, get the technology barons to help you find a way to get transactions up, up and away into the thousands per second. Bitcoin: you've invited Musk for dinner: get the cook to prepare what he wants for dinner and you'll all be laughing on your way to the... I was going to say, central bank. So; you'll all be laughing if you do what Elon Musk needs to have done for him to stay in the game.
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This videocast sounds surreal. In India, as we speak, 400,000 plus people were infected in the last 24 hours. The Indian variant is already in your country. It is incredibly contageous. To talk about having June in America a June like in years before is like talking about the world before World War Two. Shouldn't everyone be downplaying getting back to normal and having concerts by June and BBQs and hey, why not a Woodstock style festival? Boys and girls, with respect to Dr Gottlieb and and entire medical community, let's back off having this summer back-to-normal. Our brothers and sisters in India at this minute are dying by the second from not being able to breathe. Is anyone in the USA listening? Our brothers and sisters in India, Nepal and Sri Lanka are dying horrific deaths, and are we really hearing about having concerts at the end of June in America because you guys are ready to rock n' roll? Let's be clear; this is a pandemic that is a plague. The virus keeps mutating and now doctors in India are afraid to send infected patients home, because not like with the other virus, this virus means that when someone gets sent home to isolate, the whole family are getting infected. My advice? Stop all festivals. Stop all get togethers of more than a few people. Out of respect for our brothers and sisters in India, Nepal and Sri Lanka, stop all partying for the rest of this year in the USA. I am asking my brothers and sisters in America to listen up and do this for the human family: stop all concerts and get togethers until the whole human family is past this plague.
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As someone outside the financial scene and taking this in on the far side of the world from you, what I see is this. Bitcoin invited Elon Musk to join the club. What Musk has done with his tweet is a great favor to the Bitcoin community. They may try to counter-attack, but Musk now has global power: what he says goes above his critics. What the Bitcoin community must do now is get their product to green energy asap. What Musk is saying is, "hey, Bitcoin is a great thing, and I'm happy to join the club, but even I have to answer to the environmental activists, so please get off of carbon energy." The Bitcoin community should also do one more thing: get transaction times up in the thousands per second. Do you know that Bitcoin transactions can only be made at a maximum 7 transactions per second? They should do this because I can guarantee you that Musk will send over another loaded-tweet when the energy thing is cleared up. But this the great thing: this is doable and it will be a huge benefit to Bitcoin and get it on the same page as Visa and other crypto-currencies. But the last benefit is that when Musk tweets: "Wow, I see Bitcoin is up to 37,000 transactions per second and entirely using green energy, Tesla is buying another........" It's an opinion.
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