Search Result for “economic collapse ”

The last four months have been an unending nightmare for the U.S. economy.  Businesses are shutting down at a pace that we have never seen before in American history, the “retail apocalypse” has reached an entirely new level that none of the experts were anticipating prior to this pandemic, and …
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The rate at which the U.S. economy is unraveling is absolutely breathtaking.  On Thursday, we learned that another 4.4 million Americans filed new claims for unemployment benefits last week, and that means that a grand total of more than 26 million Americans have lost their jobs during this pandemic so …
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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 …
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The term “black swan event” is increasingly being used to describe this coronavirus outbreak, and many are concerned that what we are headed for will be much worse than what we experienced in 2008 and 2009.  Already, we have witnessed a staggering drop in global demand, Wall Street has had …
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It’s only by reducing your need for the things sold in stores that you can exempt yourself from the chaos and desperation that will erupt when everyone realizes that an economic collapse has occurred.
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The state of Illinois is in big trouble. In fact, they’re facing an economic collapse. Some pundits are calling them “The Venezuela of the United States.” They owe $14,711,351,943.90 in overdue bills. This does not count their day-to-day operating expenses – this is money that should have already been paid out, …
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The mismanagement of Illinois by government bureaucrats and politicians have plunged the state into a dire economic abyss. But SGTReport is predicting that other states will fall just as quickly, and you won’t be surprised in the least when your hear which ones are doomed to suffer an economic collapse soon. Illinois could be expected …
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Next month, citizens of Puerto Rico are going to vote on statehood, and the absolutely devastating economic collapse that is gripping the island could be enough to push pro-statehood forces over the edge to victory.  Of course, Congress has the final say on whether Puerto Rico becomes a state or …
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The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins …
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Article first appeared at The Free Thought Project. If former Rep. Ron Paul (R-TX) is correct, an Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. That’s because, as Paul stated, the Federal Reserve has set up the …
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