The Depression Of 2021

There are approximately 74 million children in the United States, and right now millions upon millions of them do not have enough to eat. The economic collapse that has started in 2020 has been brutal for most of the nation, but it has hit children particularly hard. If their parents lose their jobs, there is nothing that they can do except hope that government handouts and the kindness of others will be enough. Unfortunately, way too often they are not enough, and at this point Feeding America is projecting that one out of every four children in America could suffer from hunger by the end of this calendar year…

By the end of this year, more than 50 million people could experience food insecurity, according to Feeding America, the country’s largest hunger-relief organization. That’s one in six Americans and one in four children—nearly a 50 percent increase from 2019. A Northwestern University study in June found that food needs had doubled nationally, and tripled for households with children. The pandemic has laid bare how many people are one paycheck or medical bill away from hunger.

Prior to the pandemic, more than 20 million children were at least getting free or reduced price lunches at school. When lockdowns force the closing of schools, that just makes the hunger crisis even worse…

“There are 22 million children who even before this pandemic relied upon free and reduced lunch,” said Claire Babineaux-Fontenot, the CEO of Feeding America. “When you hear that schools are closed, not only does that mean that there are challenges for children with an education, but it also means lost meals.”

The good news is that the U.S. has a vast network of food banks all over the country, and they have been able to help more people than ever this year.

According to Feeding America, their food banks have “seen a 60 percent increase in demand” compared to last year.

But the bad news is that there simply is not going to be enough food if demand continues to soar in the months ahead. In Alabama, demand at one food pantry has risen 20 percent just since last month…

In central Alabama, demand at the Grace Klein food pantry is up 20% since last month. “It could be the rumours of civil unrest or the rise in Covid cases driving demand, but people are living off this food,” said director Jenny Waltman. The pantry is currently serving about 12,000 people each week, compared with 2,500 a week before the pandemic. The 200 volunteers and staff are exhausted, said Waltman.

At one of Chicago’s most important food pantries, the amount of food given out is up 237 percent compared to last year, and the CEO of that facility says that the new lockdowns are causing demand to start to surge once again…

In Chicago, the Lakeview pantry has provided groceries for 237% more people so far this year compared to 2019, with demand “ramping up again” after leveling off slightly over the summer, according to CEO Kellie O’Connell. “The pandemic has brought to light how normal wasn’t working for so many people, especially black and brown communities.”

And in California, the head of the Tulare County food bank says that “a food cliff is looming” because demand is becoming so intense…

In rural California, s at least one food bank braced for a “food cliff” that could leave it unable to serve clients heading into the new year.

“The food cliff is looming,” said Nicole Celaya, executive director of Tulare County FoodLink. “The food system hasn’t done a very good job of meeting the increased need. As COVID numbers continue to rise, it’s going to get worse.”

All over America people have been sleeping in their vehicles and waiting for hours just to get handouts from their local food banks.

If economic conditions continue to get even worse, many food banks will soon not have any hope of meeting the crushing demand.

Unfortunately, the truth is that economic conditions are getting worse with each passing day. This new wave of lockdowns is causing more businesses to fail and forcing more layoffs, and that is going to mean that a whole lot more people will soon fall into poverty.

I don’t know why the politicians would want to institute more lockdowns after the immense damage that the first wave of lockdowns created. Hundreds of thousands of businesses closed down for an extended period of time, and a significant percentage of them have never reopened…

Other data from the University of California Santa Cruz shows the number of closures could be even higher, with more than 316,000 businesses closed between February and September, which puts the number of daily closures at 1,500 a day.

Meanwhile, the New York Post recently reported that Harvard-run database TrackTheRecovery.org showed 27.8% of small businesses in New York haven’t reopened their doors since January. In New Jersey, 31.2% remain closed. The national average, according to the database, is 29.8%.

Instead of heading for some sort of a “recovery”, now we are heading into a “dark winter” in which countless more businesses will be shuttered.

It is hard to imagine that the lines at the food banks could get even longer, but that appears to be exactly what we could be facing.

In fact, one recent survey found that over half of all U.S. households with children are “not very confident” that they will be able to buy the food that they need in the weeks ahead…

Looking ahead to the next four weeks, 56% of households with children nationwide are “not very confident” they will be able to afford needed food. Nine percent said they are “not at all confident.”

In Pennsylvania, 52% of households are “not very confident”; in New Jersey, the number is 55%.

This is what an economic collapse looks like, and what we have experienced so far is just the beginning.

We are entering a time when there is going to be such widespread economic despair, and we are all going to have to take care of one another if we hope to make it through this storm.

Decades of incredibly foolish decisions are catching up with our nation, and most Americans are completely and utterly unprepared for the very painful times which have now commenced.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com. In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. I encourage you to follow me on social media on Facebook, Twitter and Parler, and any way that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Unless there is emergency intervention, tens of millions of Americans could be facing eviction once the holiday season is over. We kicked the can down the road throughout 2020, but all of the rent that was originally owed to landlords all over the country is still due, and they are very eager to collect. Countless landlords are on the verge of financial ruin because of the rent moratoriums which were put in place, and kicking the can down the road even more would be absolutely disastrous for them. Of course it would also be absolutely disastrous if the moratoriums are not extended, because in some states more than half of all households are behind on their rent or mortgage payments, and most of them have no way to pay.

One way or the other, we are about to hit a breaking point. The Aspen Institute is telling us that a whopping 40 million people “could face eviction over the next several months”…

According to research by the Aspen Institute, nearly 40 million Americans could face eviction over the next several months. The only thing holding back the flood right now is the CDC’s eviction moratorium order and a patchwork of state and local protections for renters.

But these moratoriums are only kicking the can down the road. Chief economist for Moody’s Analytics Mark Zandi told the Washington Post that tenants could owe nearly $70 billion in back rent by year’s end. And for landlords left holding the bag, there’s been little relief, as they’ve been forced to take on the role of government — subsidizing housing for millions even as their own taxes, mortgage payments, and other expenses are due.

That is about 12 percent of the entire country.

If they get evicted, where are they going to go?

Into the streets?

Vox recently interviewed a 48-year-old Texas resident named “Kimberly”, and she says that is exactly where she is headed if she gets evicted…

But after Covid-19 hit, she lost hours at her job as a crew trainer at Raising Cane’s Chicken Fingers and found herself on the brink of financial collapse. She fell behind on her rent and when she tried to work with her landlord to set up a repayment plan, she told Vox that she was served an eviction notice. Now, the only thing keeping her in her home is the Centers for Disease Control and Prevention’s (CDC) national eviction moratorium, which prohibits landlords from evicting qualifying tenants for failing to make rent.

If she’s evicted, Kimberly says she has nowhere to go — and will be homeless for the second time in five years.

And there are countless others out there that are just like her.

According to Zero Hedge, “at least half of households in Arkansas, Florida and Nevada are not current on rent and mortgage payments”.

We have never seen anything like this in modern American history, and the new lockdowns that are being instituted across the nation will just make things even worse.

Of course there are many Americans that will be able to move in with family, and this has already been happening in very large numbers. In particular, young people are moving back in with their parents on a massive scale. According to the Pew Research Center, “a majority of young adults in the U.S. live with their parents for the first time since the Great Depression”.

The phrase “since the Great Depression” has been popping up a lot lately, hasn’t it?

That is because this is literally the first economic depression that the U.S. has experienced since that time.

Everywhere we look, we can see the sort of economic devastation that I have been warning was coming for a very long time.

In New Jersey, approximately one-third of all small businesses “have closed down in 2020”…

A third of small businesses in New Jersey have closed down in 2020, according to a report from The Star-Ledger newspaper.

“It’s really bad… And without federal dollars coming into New Jersey, the Main Street stores and other establishments are not gonna make it through the winter.” said Eileen Kean, the state director of the National Federation of Independent Business.

New Jersey’s number is higher than the national average, but not by very much.

Of course Atlantic City has been hit particularly hard because it is so dependent on tourism. At this point, it is being called “the city without a pulse”…

The boardwalk is empty, the beaches are deserted, and the casinos, though partially reopen, are limping into their fifth month of severely curtailed operations after four months of shutdowns. The coronavirus pandemic skewered the economic engine of this beachside town, taking the city’s vibrancy and its residents’ livelihoods out with it.

Sadly, things are inevitably going to get worse in the months ahead thanks to the new lockdowns. The number of Americans filing new claims for unemployment has risen significantly for the past two weeks, and more bad weeks are almost certainly ahead.

Needless to say, rising unemployment will mean more Americans being pushed out of their homes and more Americans being pushed into poverty. According to a survey that was released in October, the number of Americans living in poverty has risen by 8 million since May…

The number of Americans living in poverty grew by 8 million since May, according to a Columbia University study, which found an increase in poverty rates after early coronavirus relief ended without more to follow.

Although the federal Cares Act, which gave Americans a one-time stimulus check of $1,200 and unemployed workers an extra $600 each week, was successful at offsetting growing poverty rates in the spring, the effects were short-lived, researchers found in the study published Thursday.

Of course that number is more than a month old, and so the true number of Americans that have been forced into poverty is substantially higher by now.

This is what an economic collapse looks like, and even worse days are ahead of us.

The good news is that those that were warned in advance that an economic collapse was coming had time to make preparations for this sort of a scenario.

But most Americans never wanted to listen to the warnings, and so now they find themselves in the middle of a storm without an umbrella.

Unfortunately, what we have experienced so far is just the leading edge of the storm, and most people still do not realize that.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

The Economic Collapse Hits Home: Feeding America Says 1 Out Of 4 U.S. Children Could Suffer From Hunger By The End Of 2020

America’s Pride In The Economy Is About To Be Greatly Shaken As Tens Of Millions Face Eviction In 2021