Economic Collapse

Increasing Global Economic Collapse and Distress of Nations: Federal Reserve Bank Bullard Says Unemployment Could Rise to 30% (6×5).

Jesus said the coming of the Son of Man will be just like the days of Noah (Matthew 24:37-39). The thing about the days of Noah is that even in the midst of terrible apostasy, evil, violence, and rebellion against God, the people went ahead with their normal lives. They planted fields, they harvested crops, they built houses, they got married, and they had children. They went about business as usual, until the very day that Noah entered the ark, and then destruction came and took them all away

1 Thessalonians 5:3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Increasing Global Economic Collapse and Distress of Nations:  Federal Reserve Bank Bullard Says Unemployment Could Rise to 30% (6×5).

Breitbart. March 23, 2020

The unemployment rate in the U.S. could hit 30 percent, Federal Reserve Bank of St. Louis President James Bullard said in Bloomberg News interview.

“This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole,” Bullard said. “It is a huge shock and we are trying to cope with it and keep it under control.”

That would be the highest rate of unemployment since the Great Depression.

Bullard said he expects economic growth to plunge 50 (5) percent in the second quarter but for the economy to bounce back later in the year, so long as the appropriate measures are taken by the fiscal and monetary authorities.

“I would see the third quarter as a transitional quarter,” Bullard said. The next six months, however, could be very strong. “Those quarters might be boom quarters,” he said.

Bullard also said the Fed was far from being “out of bullets,” as some Fed watchers have claimed.

“There is more that we can do if necessary,” he said. “There is probably much more in the months ahead depending on where Congress wants to go.”

Categories: Economic Collapse

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