Can the West Survive Another Economic Shutdown?

by Nathan McDonald
Sprott Money

We are now entering into the “new normal”, the post COVID-19 age, in which things will be radically different for the near-to-medium term.

Many businesses are beginning to “re-open”, albeit as a shadow of their former selves—and a shadow of their former profits.

Many other businesses have collapsed under the economic strain forced upon them by the government mandated COVID-19 shutdown. One such company is Hertz, which was founded in 1918 and just recently announced they are entering into bankruptcy.

However, Hertz is far from unique, as many other businesses have shuttered their doors recently, filing for bankruptcy and throwing in the towel. These include, but are not limited to, the following major companies:

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