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As the Loft Blog warned more than a year ago, virus hysteria and lockdown would exact a long-term toll much worse than most realize. Last July, permanent business shutdowns surpassed temporary closures as economic reality set in. Nine months later, most of those permanently closed businesses are still out of business. This week, new unemployment claims unexpectedly shot up as many small businesses fail to thrive. While governments and the Fed continue to stymie the economy, giving radical amounts of money to expand the billionaire class, paycheck-to-paycheck workers are pushed into abject poverty and homelessness. California bears the brunt of this economic carnage, with 1 out of every 5 new jobless claim in the U.S. In addition to decimation of small businesses and the middle class, the poor (locally and internationally) suffer the most from the havoc and ruin that naturally follow panic and overreaction.
Long noting the economic reality that ALL JOBS ARE ESSENTIAL, the Loft Blog has been among the few voices raising concerns of long-term damage to the economy, public health, mental health caused by panic, hysteria, exaggeration, propaganda and censorship. Mass hysteria remains a running theme as politicians and media fail to ask tough questions about comorbidity, age, non-lockdown states, ventilator deaths, influenza, pneumonia, PCR test errors and total death count.
While things are much worse than we are being told, things can also get much better than we might imagine — after we stop the hysterical behaviors, stop destroying the economy, renounce the paltry government handouts, properly account for the harm of extended lockdown, capitulate to the truth of economic weakness, then atone for the mistakes by reversing course. After we hold politicians and their accomplices accountable for their mistakes and misdeeds, wrest control away from the corrupt bureaucrats, restore free enterprise and liberty, things may turn around for real.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.