Category: Economic Collapse

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 […]

Increasing Global Economic Collapse; Economic Nightmare: Nearly 50 (5) Percent Of All The Jobs Lost During The COVID-19 Pandemic “May Be Gone Permanently”. We are facing the worst employment crisis since the Great Depression of the 1930s.

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Increasing Global Economic Collapse; Economic Nightmare: Nearly 50 (5) Percent Of All The Jobs Lost During The COVID-19 Pandemic “May Be Gone Permanently”. We are facing the worst employment crisis since the Great Depression of the 1930s. July 30, 2020 by IWB Michael Snyder When millions of Americans were losing […]

Increasing Global Economic Collapse: Almost 25 (5×5) million Americans fear missing next rent payment as benefits dry up

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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 […]

Increasing Global Economic Collapse: The Numbers Tell Us That The ‘Economic Recovery’ Is Dead And Businesses Are Failing At A Staggering Pace

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Increasing Global Economic Collapse: The Numbers Tell Us That The ‘Economic Recovery’ Is Dead And Businesses Are Failing At A Staggering Pace July 24, 2020 by IWB Michael Snyder Even though economic conditions were absolutely awful, during the month of June the mainstream media kept insisting that the U.S. economy […]

Increasing Global Economic Collapse: ‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff

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Increasing Global Economic Collapse: ‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff 22 Jul, 2020 11:37 RT As the world grapples with Covid-19, precious metals’ prices are pushing higher. Massive moves in gold and silver are […]