Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
The cascading failures that have been set into motion by this “coronavirus shutdown” are going to make the financial crisis of 2008 look like a Sunday picnic. As you will see below, it is being estimated that unemployment in the U.S. is already higher than it was at any point during the last recession. That … Read more
What are hungry Americans going to do when the food banks don’t have any more food for them? Over the past couple of weeks, we have witnessed the largest spike in unemployment in all of U.S. history. Since most of those workers did not have any sort of a cushion to fall bank on, a … Read more
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