We recently reported that a lot of small businesses plan to close their doors if economic conditions do not improve in the fallout of the coronavirus pandemic.
What about large corporations?
Well, here is a chart that shows the spike in corporate bankruptcies, many of which have liabilities north of $1 billion.
And check out this ominous passage from the great Robert Wenzel:
Regardless if Trump gets reelected or Biden slides in, interventionist madness in one form or another is likely to continue–especially with the irresponsible money printing by the Federal Reserve.
America may have peaked or at least entered an extended dark period.
Some of us will still be able to eke out a good life but it will likely be very far from all.
What will life be like in a few years when the Fed has printed trillions of dollars, companies have shuttered, and price inflation is through the roof?
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