121,000+ businesses in Michigan "borrowed" under PPP

[Richard]

[QUOTE=401don;596286]

Strip club is no different,the girls work and make a living,it’s just a job.
/QUOTE]

Yes but the industry also has more than its fair share of drug dealing and other illegal activity.

Yes but so do corner pot stores and pharmaceutical companies.

What is the difference between the street corner dealer and a pharmacy? They both get people addicted beyond control.

Its a stimulus package,by design they are pumping billions into the economy in order to create a cash flow,it does not really matter what vessel or conduit is used at least with businesses they are not going to sit at home and wait until the money runs out then think about tomorrow after it runs out.

There are a lot of people that are going to need those agencies when the cheese runs out soon and they were sitting at home ordering Amazon instead of paying the rent.

That is going to be the next bubble when people start to re-enter the workforce and they find they have been replaced or the extended lockdowns in some states pushed businesses past the breaking point.

Then what?

There are millions that have not paid rent,utilities and mortgages for the last 90 days,that bill will come due.

The ones that took advantage of no evictions are going to find it cheaper to just bail on their current landlord and get a different place,possibly at an increased rent.

There is going to be a backlash and the churches are the first place of immediate relief or help.

The ambulance chaser lawyers are already advertising,are you a victim of an upcoming eviction related to the corona virus,contact us.

The bank we have our commercial account with shut 90% of their branches,we have 2 branches out of over 100 that are open 1 hour per day,no way we can do business like that,their answer to that was to accept credit or bank cards only,no cash,no ability to bank cash and everybody is supposed to switch over to direct deposit.

We do business in the inner city,not everybody has direct deposit or credit cards or bank cards.

Politics aside there is a lot more going on then the virus and people are using the virus as an excuse to change they way we do business but the main thing is the banks are controlling the economy and they seem to be switching to a cashless system.

Like I posted that bank has over 200,000 employees nationwide that they have now deemed non essential for operations,that completely wipes out all tellers,bank management,retail space,the people that cut the grass,the people that clean and service the building,the insurance company that insures the building,the city and state taxes etc etc.

There are so many empty banks now that are just sitting there rotting away,the only use for them now is as a pot shop because they have drive through and a really big vault in order to store the cash that nobody can spend in.

Thats why people have deemed the virus as second place and have gone back to work. They got bills to pay.

I believe that is why the feds are pumping up the safety social services network,because the states will not be able to handle the influx of needy people that are headed their way.

Thats how Roosevelt did it,through food banks,Red Cross etc. never directly to the individual.