Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks. To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000. So needless to say, 6.6 million claims in a single week puts us in uncharted territory. Just check out this … Read more
In all of U.S. history, we have never seen a spike in unemployment like we are witnessing right now. Last Thursday it was announced that more than 3.2 million Americans had filed new claims for unemployment benefits during the previous week, and many believe that the number that will be announced this Thursday will be … Read more
With each passing day, it seems like the forecasts for the rest of 2020 are just getting worse. Initially, most of the “economic experts” on television were warning that the coronavirus pandemic may push our country into a recession, but now we are being warned that we could soon see economic numbers that we haven’t … Read more
If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history. Of course what we have already witnessed is difficult to believe. Last week more than 3.2 million Americans filed initial claims for unemployment benefits, and that was … Read more
It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning that it could … Read more
Fear of COVID-19 has fundamentally transformed our entire country in a matter of weeks, and as long as people are afraid of this virus life is definitely not going to return to normal. In fact, every “shelter-in-place” order in America could be lifted tomorrow and economic activity would not rebound even close to previous levels … Read more
The pace at which Americans are losing their jobs is absolutely breathtaking. According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the week that ended October 2nd, 1982. So that means that what we are now … Read more
The biggest public health crisis of our time just continues to get worse. The global death toll is rapidly approaching 20,000, and approximately a third of the world is currently under some sort of a lockdown order. Needless to say, this is going to be absolutely devastating for the entire global economy. Here in the United States, … Read more