No economy can survive a shutdown like this. None.
I already closed one business permanently, not because it was on the brink before, but because nobody is buying unless itâs sold for less than I paid for it, & the operating costs are ongoing. I have no mortgage or debt on the business, & still canât keep it going. We would hang on, but we sold the entire inventory that we also didnât owe anything on at a huge loss just to stay afloat & also out of the knowledge prices wonât recover soon, going down every week. No demand. We sold before it was worth less than half.
This business wonât be viable for some time, because the recovery time is going to take a while for the economy. You canât cut the economy off at the knees, scare everyone into going nowhere, spend nothing, & throw 30 million out of work & expect a fast recovery.
A lot of people lost their retirement. A lot of people lost everything. Just re-starting wonât un-lose it all for them, itâs a permanent setback.
The one thing I have to fall back on is my farm. I have a home with no mortgage, & can grow enough for us plus a lot to sell. Not as good an income, but itâs an income. Many others arenât so fortunate, including those who are so TDS they think itâs great if the economy goes down if it might defeat Trump. They have a huge awakening coming, they will starve. It wonât be about Trump after that.
ThanksâŠWe canât afford the overhead till Sept. We decided to just close for now. Perhaps later re-open, I doubt even with a general recovery it will be a profitable business here for some time. We are thinking of just renting the property. It wonât come close to what the business could do, but better than nothing.
Operating a hair salon now is no different than operating one during the second world war. That generation was able to follow basic instructions for civil defense against an airborne enemy, so thereâs no reason why todayâs generation canât do the same against a very small airborne enemy.
Sorry to hear about your business - what was it, if you donât mind? I seem to remember you being an antique dealer, or maybe it was collectable toys?
Anyway, just a heads up, and maybe itâs too late - the PPP payroll loan program is worth looking into if you W2 yourself and any employees. The funds may have been tapped out again, I donât know.
Sheâs as selfish and reprehensible as coastal civilians who preferred aiding German Uboat attacks right off our shores just to protect tourist season.
And we know for sure that this selfishness got seamen killed, thanks to accounts from the Germans who were killing them.
âI sank this tanker. It was four miles off the coast,â he says. "When the tanker was burning, all the motorcars came to the coast, and we saw them, all with full lights.
"There was no blackout. I could see the big wheel [the Ferris wheel] in the amusement park and all the lights and the motorcars and the hotel in full light.
âIt was very easy for me,â he says. âI could see the ship silhouetted against the lights.â
BREMEN, Germany â The old U-boat commander is still tall, erect and elegant. Heâs charming and affable. But heâs not one bit apologetic about sinking about two dozen American and Allied ships during World War II up and down the East Coast.