The reckoning. The economy will never recover

October 10, 2024 MacroEcoAnemia

Virtual and in the hands of the usual suspects, what little money is out there.

Veronica Baker


The reckoning. The economy will never recover

The reckoning
We have now reached the reckoning….

With regard to the coming crisis, which in its violence and uniqueness may indeed surpass any precedent, it is necessary to always remember one fundamental concept.

The economy will never recover.
And one day, tax revenues will really collapse.

So much for tax evasion.

Between a state that pretends not to understand and demands more and more.
And a population at the end of its rope.

This time the money is really gone.

Merchants, artisans and professionals are seeing their incomes drop day by day.

The depressive spiral turns faster and faster.

Business closures and bankruptcies are increasing by leaps and bounds.
People can’t take it anymore.

The streets are now a succession of empty rented spaces that will remain so for years, if not forever.
Those who lose their jobs, no matter how qualified, have no hope of finding another one.

What little money there is is virtual and in the hands of the usual suspects.
The small local economy is the only one that still shows some signs of life.

We are now at the point of reckoning.