by Chris Black
The government likes to think that the damage done by the Covid lockdowns was temporary and was instantly reversed when they ended.
That isn’t the way business works.
It takes two years for the ripple effect of the initial production delay to make its way through the entire economic system.
The inventory that never made it to the stores two years ago never sold, which caused cash levels to drop dramatically for purchasing new inventory.
The inventory crunch then disrupts cash flow so completely that the business can never recover.
Then the insanity of printing money like a drunken counterfeiter caused massive inflation reducing the purchasing power of already scarce dollars in the real economy.
All by design.
— ✨NYETENGALE✨ (@nyetengale) April 6, 2023