Category: Economic Collapse

Increasing Global Economic Collapse and Distress of Nations; Coronavirus pandemic triggers huge contraction in eurozone economy

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Increasing Global Economic Collapse and Distress of Nations; Coronavirus pandemic triggers huge contraction in eurozone economy 31 Jul, 2020 11:48 RT The 19 euro-area countries experienced the biggest GDP drop on record during the height of the coronavirus pandemic. The eurozone economy shrank 12.1 percent, while the EU […]

Increasing Global Economic Collapse and Distress of Nations; Euro area economy shrinks by 12.1% — biggest drop on record

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Increasing Global Economic Collapse and Distress of Nations; Euro area economy shrinks by 12.1% — biggest drop on record By Alice Tidey  •  last updated: 31/07/2020 Euronews The eurozone economy shrank by 12.1 per cent in the second quarter of 2020 compared to the previous one — the biggest drop on record, […]

Increasing Global Economic Collapse and Distress of Nations; We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

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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 […]

Increasing Global Economic Collapse and Distress of Nations; Big chains filed for bankruptcy and closed stores every week in July. Here are 9 of them

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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 […]

Increasing Global Economic Collapse and Distress of Nations; Dollar crash will topple the entire US ‘house of cards’ economy by year end

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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 […]

Increasing Global Economic Collapse and Distress of Nations; U.S. cities are fast running out of cash. The pandemic will reduce local government revenues by just under US$12 (6+6) Billion. The bulk of this reduction comes from a slump in local sales taxes. Declines will continue into 2021.

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Increasing Global Economic Collapse and Distress of Nations; U.S. cities are fast running out of cash. The pandemic will reduce local government revenues by just under US$12 (6+6) Billion. The bulk of this reduction comes from a slump in local sales taxes. Declines will continue into 2021. The […]

Increasing Global Economic Collapse; The US economy could fall off a fiscal cliff. Much of the Fed’s efforts are doing a better job of propping up the stock market than helping average consumers on Main Street.

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Increasing Global Economic Collapse; The US economy could fall off a fiscal cliff By Paul R. La Monica, CNN Business Updated 2:16 PM ET, Mon July 27, 2020 New York (CNN Business) The economy is once again teetering on the edge of a so-called fiscal cliff. Investors don’t seem to […]