Category: Economic Collapse

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 […]

Increasing Global Economic Collapse; Bye Bye Benjamin! Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks

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Increasing Global Economic Collapse; Bye Bye Benjamin! Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks 29 Jul, 2020 19:06 RT After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of […]

Increasing Global Economic Collapse; U.S. economy contracted record 33 (3) % in Q2 amid state shutdowns, COVID-19 contagion fears

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Increasing Global Economic Collapse; U.S. economy contracted record 33 (3) % in Q2 amid state shutdowns, COVID-19 contagion fears Paul Davidson USA TODAY July 30, 2020 The U.S. economy turned in its worst performance ever in the second quarter as the COVID-19 pandemic shuttered businesses across the country […]