Economy..FUBAR!!!
SO woke up today seeing the government essentially banning people from working. At an already difficult time with the economy this is essentially killing it. The longer we do not produce, the less likely we will come out of any quarantine's. Leases, rents. any overhead for business we have will be charged for empty space. I just got off the phone with our landlord and he won't give any breaks.
Look to the government he said!
So what will happen to mortgages once people start defaulting? Are we all going to be helicoptered some money to help paper over the month? What if this goes on for 2 months?
What happens to all those people living paycheck to paycheck. Everything WON'T be online. Some businesses may flourish; others will die. Here's hoping mine will not. It's terrible to be in any kind of lock-down. Eventually this VIRUS isn't what will do the economy in. It will back lack of production.
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And naturally any printed helicopter cash will add more debt to the gigantic debt mountain of public debt. We my save some old folks but for the rest of us It's a No-win situation.
Posted via Steemleo
Seems like some of the predictions of not being able to buy silver, even with low paper prices are coming true.....The stackers aren't selling.....debt is exploding....bailouts are the norm
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