> By the time this is over savers will be completely destroyed.
As a saver who owns his home outright, this statement cracks me up.
My outlook on this situation is that I can weather the storm for years with zero income and stay in food and shelter throughout without government aid.
The folks with little savings and high rent or expensive mortgages are who I'm concerned about. They seem far more likely to be "destroyed" in the coming months/years.
Us savers can either sit pretty and watch the chaos, buy the dip and profit handsomely from the recovery, or go shopping for cheap homes.