The Economic Depression Of 2020: Many Of The Restaurants, Bars And Retailers That Have Closed Will Never Open Again
It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning that it could kill millions, but everyone can agree that this outbreak is causing an unprecedented amount of fear. And even once this pandemic starts to fade, a certain percentage of the population will continue to be afraid to go to restaurants, bars and other small businesses that are open to the public. Of course many restaurants, bars and small businesses were just barely scraping by during the “good times”, and so many of them will simply not be be able to survive if a substantial portion of the population is literally petrified to step through their doors for the foreseeable future.
As long as fear of the coronavirus persists, the U.S. economy is going to be in for a world of hurt, and it looks like we may still be in the very early stages of this pandemic.
In fact, we are now being told that the death toll in the U.S. “could reach 100,000 or more”…
President Donald Trump acknowledged Sunday for the first time that deaths in the United States from coronavirus could reach 100,000 or more, adding that if the death toll stays at or below 100,000, “we all together have done a very good job.”
Trump’s assertion came after he was asked about comments the nation’s top infectious disease expert, Dr. Anthony Fauci, made earlier Sunday on CNN’s “State of the Union” that based on models, 100,000 Americans or more could die from the virus.
Of course the death toll could ultimately be much lower than that if effective treatments are made widely available to the general public.
We shall have to wait and see if that actually happens.
But meanwhile, fear of the coronavirus is absolutely devastating the economy. According to the National Restaurant Association, our restaurant industry has lost 25 billion dollars in sales so far this month…
The U.S. restaurant industry has lost $25 billion in sales since March 1, according to a survey of 5,000 owners by the National Restaurant Association. Nearly 50,000 stores of major U.S. retail chains have closed, according to the companies.
An estimated $20 billion in monthly retail real estate loans are due as early as this week, according to Marcus & Millichap, a commercial real-estate services and consulting firm. Many retailers and restaurants have said they are not going to pay their April rents, which in turn poses a threat to the $3 trillion commercial mortgage market.
As this crisis stretches on, all of the dominoes in the commercial mortgage market are going to begin to fall.
What we are watching is deeply tragic, because those that work in our restaurants are some of the hardest working people in the entire country. At this point, 3 percent of our restaurants “have already permanently closed”, and another 11 percent “anticipate they will permanently close within 30 days”…
Three percent of restaurants have already permanently closed due to the coronavirus crisis, according to research from the National Restaurant Association. Forty-four percent of operators have temporarily closed their restaurants, and 11% anticipate they will permanently close within 30 days.
Can you imagine that?
By the end of next month, 14 percent of all restaurants in America could be gone for good.
And the longer this pandemic lasts, the higher that number will go.
We didn’t see anything like this back in 2008. What we are now facing is truly unprecedented, and there is going to be a whole lot of vacant buildings in the days ahead.
Of course it isn’t just restaurants that are being hit extremely hard. According to the Wall Street Journal, a wide variety of businesses all over the country are already in very serious trouble…
Companies of all sizes are feeling the squeeze, especially retailers and restaurants that have closed their doors during the outbreak. Nike Inc. is asking to pay half its rents. TJ Maxx is delaying payments to its suppliers. Victoria’s Secret and Men’s Wearhouse have furloughed thousands of workers. Cheesecake Factory Inc. closed 27 of the company’s locations and furloughed 41,000 hourly workers, nearly 90% of its total staff.
Even if all of the lockdowns all over the U.S. were immediately lifted, economic activity would not return to “normal”, because millions upon millions of Americans would still be deeply afraid of the virus.
And that isn’t going to happen anyway. In fact, President Trump just extended the national “social distancing guidelines” through April 30th…
President Donald Trump announced on Sunday that the White House would be extending its social distancing guidelines through April 30 – a month longer than an initial 15-day timeline when they were implemented on March 16.
“The peak in death rate is likely to hit in two weeks,” Trump said. “Nothing would be worse than declaring victory before the victory is won.”
So that means that it is probably unlikely that any of the lockdowns on the state level that we have witnessed will be lifted before April 30th.
Across the Atlantic, citizens of the United Kingdom are being warned that life may not get back to normal “for six months or even longer”…
Britons should not expect to get back to ‘normal life’ for six months or even longer, the government’s deputy chief medical officer warned today.
Dr Jenny Harries told a Downing Street press conference that people should not be viewing the coronavirus crisis as something that will blow over soon.
Would they really try to keep people inside for that long?
I can promise you that people do not have that much patience.
If you doubt this, just look at what is happening in China…
Angry crowds rioted near the Chinese city of Wuhan after the region’s two-month coronavirus lockdown was lifted but residents were told they could not travel elsewhere in China.
Shocking footage showed a mob overturning a police van on a bridge linking Wuhan, which is the capital of Hubei Province, and neighbouring Jiangxi.
Here in the U.S., I have been seeing people all over social media clamoring for a return to normalcy.
Sadly, that is simply not going to happen for the foreseeable future, and the consequences for the U.S. economy are going to be extremely, extremely bitter.
About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.
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Whistler Blowers, Insiders
Articles of IMPEACHMENT have been BROUGHT AGAINST the GOVERNORS OF The FEDERAL RESERVE BANK……1933…..
THEY have been referred to the JUDICIARY COMMITTEE…..AND……HAVE YET TO BE ACTED UPON.
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THE GREAT DEPRESSION WAS RACIST GENOCIDE
Harold Saive
Learn from author, Wayne Jett in “The Fruits of Graft, Great Depressions Then and Now” how the Great Depression was a racist, DEPOPULATION AGENDA TO ELIMINATE the MIDDLE-CLASS in AMERICA.
It must be pointed out that
THE ILLEGAL FEDERAL RESERVE Act of 1913 
under Woodrow Wilson enabled THE PRINTING OF FIAT (FAKE) MONEY that ultimately enabled two false flag World Wars, Viet Nam, 9/11 AND THE current WAR ON AMERICANS BY …..FOREIGN INFILTRATOR$. 
Wayne Jett’s book details how elite BANKER$, oligarchs and royalty enlisted presidents Herbert Hoover and FDR to ORCHESTRATE the MASS MURDER OF MILLIONS OF AMERICANS…DURING THE ENGINEERED MARKET CRASH OF 1929.
The depression only ended with WWII – another banker-engineered depopulation event targeting the middle-class.
NOW….IT’$ HAPPENING AGAIN……but…..ON A GLOBAL $CALE.
http://themillenniumreport.com/2019/11/the-great-depression-was-racist-genocide/
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ROTH$CHILD I$ the RECEIVER OF the UNITED STATES BANKRUPTCY:
The UNITED NATIONS 
The World Bank, & The Rothschild IMF.
The Rothschild INTERNATIONAL BANK$TER$
It is important to note that the FEDERAL RESERVE I$ A PRIVATE COMPANY, it is neither Federal nor does it have any Reserve.
PROFIT$ EXCEED $150 BILLION PER YEAR 
and the Federal Reserve HA$ NEVER once in its history PUBLISHED ACCOUNTS. 
It is conservatively estimated that
http://www.jewworldorder.org/rothschild-is-the-receiver-of-the-united-states-bankruptcy-the-rothschild-international-bankers-the-united-nations-the-world-bank-the-rothschild-imf/
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ROTHSCHILD TELL$ Trump to….. “SHUT The F* UP”……..
…… ABOUT REFORMING…THEIR…Federal Reserve BANK. 
https://occupysf.net/index.php/2019/01/03/rothschild-tells-trump-to-shut-the-f-up-about-reforming-their-federal-reserve-bank/
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AMERICA Coup’d by ROTHSCHILDS. AMERICAN B.A.R. UNIONS = ROTHSCHILDS EUROPEAN B.A.R. (UNDER CROWN)
PAUL JAMES·SATURDAY, 1 OCTOBER 2016·READING TIME: 77 MINUTES
https://www.facebook.com/notes/paul-james/america-coupd-by-rothschilds-american-bar-unions-rothschilds-european-bar-under-/586679288190457/
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CONFIRMED: The Original Thirteenth Amendment Was Ratified, And Then Improperly Removed From The Constitution
https://www.think-aboutit.com/confirmed-original-thirteenth-amendment-ratified-improperly-removed-constitution/
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On May 23, 1933,
CONGRESSMAN Louis T. McFADDEN….. BROUGHT FORMAL CHARGES AGAINST the….BOARD OF GOVERNORS OF the FEDERAL RESERVE BANK $YSTEM……. The Comptroller of the Currency AND….The SECRETARY OF the UNITED STATES TREASURY…….FOR….NUMEROUS CRIMINAL ACT$…… including but not limited to…….. 
CONSPIRACY, 
FRAUD, 
UNLAWFUL CONVERSION, AND 
TREASON. 
SO THIS…….ELECTRONIC BOOKLET…SHOULD BE REPRINTED….REPOSTED…..SET UP ON WEB PAGES…….and…..
CIRCULATED FAR and WIDE.
CONGRESSMAN McFadden ON the FEDERAL RESERVE CORPORATION
Remarks in Congress, 1934………AN ASTOUNDING EXPOSURE
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Congressman McFadden’s Speech
…….. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the VA$T ramifications of this gigantic PRIVATE CREDIT MONOPOLY.
As Representative of a STATE which was among the FIRST TO DECLARE ITS FREEDOM FROM….FOREIGN….MONEY TYRANT$….it is fitting that PENNSYLVANIA the cradle of liberty, be again given the credit for producing a son that was NOT AFRAID TO HURL DEFIANCE IN the FACE OF the MONEY-BUND.
Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him.
Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry.
The FEDERAL RESERVE – A CORRUPT Institution
“Mr. Chairman, we have in this Country ONE OF the MOST CORRUPT INSTITUTIONS the WORLD HAS EVER KNOWN.
I refer to THE FEDERAL RESERVE BOARD and the FEDERAL RESERVE BANKS…..hereinafter…CALLED the FED.
The FED HAS CHEATED the GOVERNMENT of these United States AND the PEOPLE of the United States OUT OF ENOUGH MONEY TO PAY the NATION’S DEBT.
The depredations and iniquities of the Fed has cost enough money to pay the National debt SEVERAL TIMES OVER.
“THI$ EVIL INSTITUTION HAS IMPOVERISHED and RUINED THE PEOPLE of these United States, HAS BANKRUPTED ITSELF…AND….HAS practically BANKRUPTED our GOVERNMENT. It has done this THROUGH the DEFECTS OF the LAW under which it operates, THROUGH the MALADMINISTRATION of that law BY the FED….AND…..BY the CORRUPT PRACTICES OF the MONEYED VULTURES WHO CONTROL IT.
“Some people who think that the FEDERAL RESERVE BANKS United States Government institutions. They ARE PRIVATE MONOPOLIES….WHICH….PREY UPON the PEOPLE of these United States …FOR the BENEFIT of THEMsELVE$…AND….THEIR FOREIGN
CUSTOMER$……FOREIGN and DOMESTIC speculators and $WINDLER$…AND….RICH and PREDATORY MONEY LENDER.
In that dark crew of FINANCIAL PIRATE$ there are those WHO WOULD CUT A MAN’S THROAT….TO GET A DOLLAR OUT OF HIS POCKET…..there are those WHO send money into states to BUY VOTES TO CONTROL our LEGISLATURES…… there are those WHO MAINTAIN International PROPAGANDA for the purpose of deceiving us into granting of new concessions WHICH will PERMIT THEM TO COVER UP THEIR PAST MISDEEDS…AND…..SET AGAIN IN MOTION THEIR gigantic TRAIN of CRIME.
“These TWELVE PRIVATE CREDIT MONOPOLIES were deceitfully and disloyally foisted upon this Country by the bankers who came here FROM EUROPE and repaid us our hospitality by undermining our American institutions. THOSE BANKERS TOOK MONEY out of this Country TO FINANCE JAPAN IN A WAR AGAINST RUSSIA.
THEY CREATED A REIGN OF TERROR IN RUSSIA…WITH OUR MONEY in order to help that war along.
They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War.
THEY FINANCED TROTSKY’$ passage from New York to Russia so that he might assist IN the DESTRUCTION OF the RUSSIAN EMPIRE.
THEY FORMENTED…AND…INSTIGATED the RUSSIAN REVOLUTION……AND PLACED a large fund of AMERICAN DOLLARS at Trotsky’s disposal in one of their branch banks in Sweden SO THAT RUSSIAN HOMES MIGHT BE thoroughly BROKEN UP…AND….RUSSIAN CHILDREN FLUNG FAR and WIDE FROM THEIR NATURAL PROTECTORS.
THEY HAVE SINCE BEGUN….BREAKING UP of AMERICAN HOMES….AND….THE DISPERSAL OF AMERICAN CHILDREN.
“Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.
“In 1912 the National Monetary Association, under the chairmanship of the late SENATOR Nelson W. ALDRICH… made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He WAS THE tool…IF NOT the ACCOMPLICE OF the EUROPEAN BANKERS…. WHO for nearly twenty years HAD BEEN SCHEMING TO SET UP A CENTRAL BANK IN THIS COUNTRY and who in 1912 had spent AND were continuing to SPEND VAST SUMS OF MONEY TO ACCOMPLISH…THEIR PURPOSE.
“We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then PROMISED the PEOPLE that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later THJAT PROMISE WAS BROKEN……and the Wilson administration, under the tutelage of those SINISTER WALL STREET figures WHO stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the “King’s Bank” to CONTROL US from the top downward, and FROM the CRADLE TO GRAVE.
“The Federal Reserve Bank destroyed our old and characteristic way of doing business.
It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us.
PRESIDENT JACKSON’S TIME
“One of the greatest battles for the preservation of this Republic was fought out here in Jackson’s time; when the second Bank of the United States, founded on the same false principles of those which are here exemplified in the Fed was hurled out of existence. After that, in 1837, the Country was warned against the dangers that might ensue if the predatory interests after being cast out should come back in disguise and unite themselves to the Executive and through him acquire control of the Government. That is what the predatory interests did when they came back in the livery of hypocrisy and under false pretenses obtained the passage of the Fed.
“The DANGER THAT the COUNTRY WAS WARNED AGAINST…CAME UPON US and is shown in the long train of horrors attendant upon the affairs of …THE TRAITOROUS and DISHONEST FED.
Look around you when you leave this Chamber and you will see evidences of it in all sides.
THIS IS AN ERA OF MISERY and for the conditions that caused that misery…THE FED ARE FULLY LIABLE.
THIS IS AN ERA OF FINANCED CRIME……and in the financing of crime THE FED DOES NOT PLAY the PART OF DI$INTERE$TED SPECTATOR.
http://home.hiwaay.net/~becraft/mcfadden.html