Various government handouts and bankruptcy protection legislation have come to an end, or soon will. Businesses that have been technically insolvent for over a year will begin to close their doors.
Many will go under because they cannot pay the rent that they owe for the period when they were forbidden to trade. They desperately need a renegotiation of their lease. A friend who specialises in exactly that informs me that some are so broke that they cannot afford his service.
The Australian economy is buggered; as was obvious it would be within two weeks of the commencement of the lockdown way back in March 2020. It will become obvious to far more than the handful that can see it now before the end of this year. My accountant could not comprehend the ramifications of closing down the world’s hundreds of millions of interconnected self-interest points that compose the supply chain. “The businesses that survive will be stronger because of the lessened competition.” His logic once had validity. Prior to the WuFlu lockdown, the economy was already crumbling, but yes, those who had significantly tightened their belts and prepared in other ways, could have survived years longer than those that hadn’t. The lockdowns utterly changed everything.
The difference between business people, as in those who actually operate businesses on a day-to-day basis, and accountants and boardroom directors who count numbers in columns, has never been starker. All but the best and brightest of business people were long ago weeded out by the excesses of government regulations and taxation. Head-in-the-clouds directors and accountants are heading for a shock.
There will be no return to normal, not now, not next year, not ever.
Scott Morrison and his low I.Q. Liberal colleagues have, with their hysterical overreaction to WuFlu, ruined this once wonderful country. They assumed draconian powers that we the people never intended them to have, and certainly never voted for them to have. A pox on them and on every single politician and journalist who did not object to the forced lockdowns in the strongest possible terms. Was there anyone in the Australian parliament who objected to the totalitarian overreach? Probably not. They are power-grubbing ratbags who were too stupid to realize that they were killing their host – the milch-cow taxpayers who paid for their profligate flights of fancy.
And it is not, of course, just Australia. Where can one flee to? The international ‘build-back-better’ bozos are as clueless as Morrison. Do they really believe that economies can be built and run by elites and governments? Of course they do; it’s the great socialist delusion that sits at the base of all their other delusions.
I can grow vegetables and keep chickens. Can you?
Something ugly this way comes.