The real question here is if this will allow the rest of the world to escape the petro-dollar trap.. dumping their dollar reserves while Washington is panic buying and buying oil to sit on for a while..
There will be a lot of economic destruction..but I expect "something is better than nothing" reasoning to prevail. Your business missed the rent for 3 months, but you can start paying again in the 4th? You don't evict tenants for not paying rent because they were forbidden to produce by forces outside their control -- especially when they can then start being good paying tenants again when they are free to go to work. People will have less money this year, and less will get spent..but day to day we simply get back to business
There is a lot of chatter about how "behavior will change" and people won't go out as much or -- whateves... if the last decade has taught me anything - people are really stupid. They will go back to "normal" as soon as they are able... Some - a small number - may learn a lesson form this and change their behavior - and they may decide to prep or save when they would have spent money in other ways before.. but the effect will be small. I expect businesses that were successful before SARS2 will be successful after. Oil demand will return and investments will go back into the stock market..
If we are lucky - the regulations Trump suspended will stay suspended - but I wouldn't count on it. If we are lucky this prompts some changes in supply chain where we don't rely on places like China for meds and other manufacturing.
But we have a brand new money supply bomb on our hands.. if that money stays sequestered making balance sheets look good, then we probably keep going on for a while more.. however if the world finally drops the dollar - for oil pricing , or anything else, we can expect Japanese Style malaise as our climbing debt can only be printed and bought by our homegrown crony capitalist/central bankers... though I suspect we will stay in bed and in lock step with the EU doing dollar swaps.
I expect we will see another round of "hey this package contains even less than before" and price hikes, and a general lowering in the American standard of living.. which of course the Democrats will seize upon to sell their new deal ( same as the old deal) to to urban city morons. If they win the election - we get tyrannical BS that leads to assassinations, and civil war. If Trump wins - we get the same, just from Antifa instead of police..
Of course, I would love to see Trump call forth the militia - but calling forth only registered Republicans... use the Militia act to buy everyone member of the militia a new fully automatic military rifle. ..and then claim the Left was correct about the 2nd amendment all along - and that people not in the militia have no right to a firearm-- and then just go into the cities and take over. Won't have to fire a shot, I suspect the announcement itself would make the heads of most leftists explode. And if not, why not? After all, I hear Trump is a tyrant so he should start acting like one.. and people who refuse to respect the rights of others, can't really expect the people they wrong to continue to honor their rights... Ok leftists, you win. Its your rules. No more negotiated contract between us. Might Makes Right.
I don't think we are full teotwawki yet, but seeing it in the cards being dealt out, so get ready to see it played at some point soon. As things return to "normal" its time to get restocked and lay in any final things you think you might need as the world burns (Toilet Paper is probably not one of them... boy the sheeple were sure funny.. )
