Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
As millions upon millions of Americans lose their jobs in the greatest wave of unemployment in U.S. history, the Federal Reserve has decided that now is the time to spend trillions of newly created dollars in a desperate attempt to protect financial asset values. In other words, as much of the country suddenly plunges into … Read more
Will our economy ever be the same again? At this moment, we are still in the midst of the most comprehensive nationwide shutdown in American history, and nobody knows when it will finally end. The primary reason why governors all over the country issued “shelter-in-place” orders was because they wanted to “flatten the curve”, and … Read more
It is during times of great crisis that we find out who we really are. Now that strict “shelter-in-place” orders have been instituted all over the world, most people have a lot more free time than usual. Of course some are using all of this extra free time for constructive purposes, but many others have … Read more
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