"The Greatest Depression" (237)

(4:44) If You Feel Like Something Bad Is About Is About To Happen, You Are Definitely Not Alone.

""More than half of all households in some of our largest cities “are facing serious financial problems”, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020.
When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record which stood for nearly 38 years. But now we have been way above that old record for 25 weeks in a row. On Thursday, we learned that another 884,000 Americans filed new claims for unemployment benefits last week…- ""




(17:33)
"Unemployment, Debt, Poverty,Homelessness, The Stock Market, Skyrocketing -- The 2020s like the 1930s !!"

Unemployment and debt skyrocketing. Temporary layoffs being replaced with permanent layoffs, Businesses who took the payroll protection program loans which will not have to pay the money back if they retain workers without laying anyone off, will then begin to lay off people after their obligations are met, businesses that have, and will continue to be permanently closed, stimulus money drying up, exposing the scammers of the paycheck protection program, end of eviction moratoriums, unemployment money drying out, and the most important thing, the real panic that will result from when the secretive federal reserve has their cronies pull all that free money from the markets.
The wealth effect will turn in to a massive poverty effect. And you think the oil companies are hurting now? We ain't seen nothing yet. All that gas that will not be burned due to people not having jobs to drive to anymore.
Spenders will become savers, slowing our economy even more. Or, people simply will have no more money to spend, only credit that won't be repaid. All this is right around the corner. The only thing keeping things afloat now is all the money the government is pumping in. And all that money drying up. Unemployment gone, no new stimulus rent moratoriums will expire, leading to mass homelessness and foreclosure.
All hell gonna break loose. America's debt has soared past 26 trillion dollars and is now expected to leap by several more by the end of the year. This debt surge would have been unimaginable just a year ago, and adding to our woes is the road ahead appears bleak. It's over for America. The lockdowns have destroyed millions of jobs, millions of businesses, and trillions of dollars in capital.
There will be no V-shaped recovery. Any more than the Titanic had one. Expect the 2020's to be like the 1930s. Expect America to be much poorer and much less free.
No, money doesn't necessarily concentrate among the few. Not if we have a sufficiently free society. But given how the economy is being destroyed pretty soon, only the super-rich will be left.
Thirty million people don't have as much income as they had in March 2020. Most people live paycheck to paycheck. America has reached the bottom of the barrel""
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