> *causing the closure of a large number of small businesses*
Its a recession. Anywhere you go you will find many empty stores. Look in your own town.
I’ve lived through many recessions. This is no recession. It’s just being called that so as not to offend the King. Things are very bad economically, worse than any time during my lifetime. The MSM and his suppporters won’t allow the truth to be told...
Right for the first time in history the American economy is contracting. Call it what you want. I noticed any town I go to there are empty stores.
The Kondratieff Winter started with the Grand Supercycle Top the economy hit in March of 2000. They staved off the Greater Depression until October, 2008 - and since then they've been using massive social welfare borrowing and spending to mask its true effects. It can't last indefinitely, but I wouldn't doubt they've got ways to extend their game-playing for quite a few more years.
But because they have chosen to play it this way, the eventual reset and subsequent Kondratieff Spring is not going to begin at its expected date of 2017 or so, but will be postponed until much later.