Increasing Global Economic Collapse: Almost 25 (5×5) million Americans fear missing next rent payment as benefits dry up
Kevin Crowe, Theresa Diffendal, and Carlie Procell, USA TODAYUpdated 6 hours ago
Days from the end of enhanced unemployment benefits and a federal eviction moratorium, 24 million Americans say they have little to no chance of being able to pay next month’s rent, a U.S. Census Bureau survey shows.
A disproportionate share of those in danger come from Black and Hispanic households, two groups who have borne the brunt of negative health and economic impacts from the COVID-19 pandemic.
While Congress works to negotiate a new stimulus, experts warn the time to ward off an eviction and foreclosure crisis has almost run out.
“We’re about to fall off a massive cliff and see a major spike in evictions,” said Alanna McCargo, vice president of housing finance policy at the Urban Institute.
In July, nearly 28% of Black renters said they hadn’t paid last month’s rent, and about 46% said they had slight or no confidence they’d be able to pay next month’s rent, according to figures from the U.S. Census Bureau’s Household Pulse Survey. Hispanic renters are facing similar economic strain, with 22% stating they missed last month’s rent and 46% fearing they won’t be able to make rent next month.
Those figures are roughly double what white renters reported, with about 13% saying they couldn’t make rent last month and 23% fearing they won’t have the money for next month’s rent.
The disparities reflect an affordable housing crisis that has grown since the Great Recession, experts say. People who were already spending 30-50% or more of their income on housing costs in relatively solid economic times are now being pushed to the brink.
“Our housing system reflects tremendous disparities in race. And people of color are most at risk for evictions,” said Diane Yentel, president of the National Low Income Housing Coalition. “These inequities are being compounded by COVID-19.”
An eviction moratorium that covers renters living in buildings with federally backed mortgages expires Friday, and the additional $600 per week in pandemic unemployment aid ends July 25.
“We’re really facing a situation that is not only a health crisis, but becomes a major housing crisis when you start to see people losing their roofs in a pandemic that’s calling for you to stay at home as one of the prescriptions,” McCargo said.
While the economy had begun to bounce back slightly as states opened for business, a recent uptick in unemployment filings indicates some people who had gone back to work may again be out of a job.
Nationwide, 62% of Hispanic and 57% of Black survey respondents reported losing employment income since the start of the pandemic, compared with 45% for whites, according to the Census figures.
The pandemic has ravaged the hospitality and retail sectors, as well as other lower-wage sectors where Black and Latino workers make up a disproportionate share of the workforce.
“There’s a huge connection between that sector of employment that we’re seeing hardest hit with Black and Hispanic households who are basically being devastated overall, not only in their housing payments, but just sort of everything in their economic lives,” McCargo said.
Acts 2:17-21 And it shall come to pass in the last days, saith God, I will pour out of my Spirit upon all flesh: and your sons and your daughters shall prophesy, and your young men shall see visions, and your old men shall dream dreams: And on my servants and on my handmaidens I will pour out in those days of my Spirit; and they shall prophesy: And I will shew wonders in heaven above, and signs in the earth beneath; blood, and fire, and vapour of smoke:
Joel 2:28 And it shall come to pass afterward, that I will pour out my spirit upon all flesh; and your sons and your daughters shall prophesy, your old men shall dream dreams, your young men shall see visions:
The ‘Fuse’ has been lit; A Man That Saw The Catastrophic Events Of 2020 In Advance Is Now Warning About What Will Happen In November… Prophecy, Dreams and Visions.
Then, it late June, Pastor Coverstone had another dream that pertains to the second half of this year. The following is another excerpt from the transcript of his original video that my wife made…
With that in mind, on Monday night I had another dream.
It woke me from my bed. I made notes about it. I shot some video of myself just making sure to remember.
Here’s what I saw.
I saw a calendar. Start with the calendar. As I was having this, the calendar was up, a white figure appeared. To me, it was a representing God the Holy Spirit, something pure, something righteous, something true, something Holy because there was nothing sinister about it. Nothing evil, but I heard the voice say, “part two, part two”.
I saw June, go, I saw July. I saw August, and then I saw September, and I saw the finger underneath the word September and I like like emphasizing it and tap the three times.
Then I saw October come up, and then I saw November and this is when it got real to me in the dream. I think the intensity for me… when I woke up my heart rate was about 180.
So that was Monday night, and I woke up not feeling very well at all I was up during the night not feeling well.
But anyway,… The minute the finger underlined November three times instead of tapping it, I saw a fist ball up and it hit the calendar.
And literally, the calendar exploded into the wall, the numbers seem that they were 3d and they were falling everywhere.
There was a cloud of chaos that started in there. The next thing I saw was I saw I saw armed protesters. I saw fighting in the streets, I saw people pummeling one another. I saw businesses shuttered and shut up.
I saw schools close. I saw school rooms with cobwebs hanging in them and like things like papers falling off the wall and posters… like no one had been in them for months.
I saw banks. Bank buildings with the roof being taken off. It looked almost that alien abduction because money was flying through the roof into some type of like a vacuum cleaner. It sounds kind of strange, but I was watching wealth, just being taken. I saw politicians in back rooms, making deals with people. Patting people on the back and laughing and smiling and smirking.
Considering the fact that “part one” ended up being completely accurate, what Pastor Coverstone was shown in “part two” should be extremely sobering for all of us.
It appears that things will start to really escalate starting in September, and it appears that November will be some sort of major turning point.
Sadly, Pastor Coverstone is being relentlessly attacked on social media for sharing what he was shown, and that is extremely unfortunate.
We live at a time when there is so much hatred in this country, and it is only going to get worse.
This chapter in American history is going to be a very painful one, and most of the U.S. population still has absolutely no idea what is coming.
In His Service,
Night Watchman Ministries
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.