Editor’s Note: This manufactured COVID crisis has all but destroyed America or is destroying it ever so slowly day after day. The political-left is using this against humans to depopulate the world and against President Trump to derail his re-election and instead put a highly political socialist in control. These political demons don’t care about you or me, they care about power, greed, wealth, and control. We are in their way. Lockdowns and mandatory mask wear is ludicrous and a dictate of these lunatics.
All this unrest, riots, protests is about crushing America into submission to the socialist agenda and ideology. Right now, whether you like Trump or not, he’s standing against the door that wants to open wide to massive economic, and social upheaval like we have never seen to restructure America into a Godless, lawless and wicked nation. The verse below outlines the agenda of the liberal and radical left which is just about to take over here in America:
“The thief (Satan, his hoards, wicked politicians controlling state governments, etc) comes only to steal and kill and destroy. I came that they may have life and have it abundantly.” -John 10:10 (ESV, emphasis added)
Be prepared in your heart, mind and soul. If you don’t know Jesus Christ as your Lord and Savior now is the time to turn to Him. Regardless of what this life throws at us, we know that if we are sincerely following Him, He will be there with us at all times. Just trust and have faith in the Lord. Now’s the time folks, now’s the time.
The following article was originally published by Michael Snyder at The Economic Collapse Blog. (Used by permission). See his disclaimer below.
This Global Depression Will Be Brutal – Tens Of Millions Of Americans Can’t Pay Their Bills And Are In Danger Of Eviction
By Michael Snyder on Aug 10, 2020
Most of us have never experienced anything like this in our entire lifetimes. Fear of COVID-19, endless civil unrest in major U.S. cities and a whole host of other factors have combined to plunge us into the worst economic downturn since the Great Depression of the 1930s. On Friday, the Labor Department announced that the unemployment rate in the U.S. fell to just 10.2 percent last month, and if that number was actually accurate that would be pretty good news. Unfortunately, it simply does not square with all of the other numbers that we have been seeing. According to John Williams of shadowstats.com, if honest numbers were being used the unemployment rate would actually be 30 percent right now, and I believe that figure is much closer to the reality that we are facing. In February, 152 million Americans were working, and since that time more than 55 million have filed new claims for unemployment benefits. Unless tens of millions of those people have been filing fraudulent claims, there is no way in the world that the unemployment rate should be about 10 percent right now.
Other numbers tell a similar story. According to one recent study, 24 percent of all Americans have missed at least one bill payment since the start of the COVID-19 pandemic…
Indeed, paying off bills are an unavoidable part of life, even during a pandemic. Unfortunately, a new survey of 2,000 Americans finds that one in four (24%) have already missed at least one payment since the pandemic began.
Among that group, 26% say they haven’t paid their cell phone or cable bills. Another 25% failed to pay for streaming services, and perhaps more worryingly, some of their electricity or utilities bills.
That doesn’t sound like a recovery.
What that sounds like is an economic depression.
Americans are also missing their rent and mortgage payments at a staggering rate as well. In fact, more than one-fourth of the entire country did not pay their rent or mortgage payment during the month of July…
An estimated 27% of adults in the U.S. missed their rent or mortgage payment for July, according to a nationwide survey conducted by the U.S. Census Bureau weekly over the last three months. Among renters alone, just over one-third (34%) said during the waning days of July that they had little to no confidence that they could make their August rent payment, a stark measure of the ongoing economic devastation for households stretched to the brink by coronavirus pandemic.
But we are supposed to believe that the unemployment rate is only about 10 percent right now.
Right…
In some states, the looming eviction crisis threatens to be absolutely catastrophic.
For example, we are being told that in South Carolina a whopping 52 percent of all renters “are at risk of eviction”…
In South Carolina alone, 52 percent of renter households can’t pay their rent and are at risk of eviction, according to an analysis of census data by the consulting firm Stout Risius Ross. About 185,000 evictions could be filed in the state over the next four months.
That doesn’t sound like a recovery.
What that sounds like is an economic depression.
And we see similar numbers when we look at businesses owners around the country. If you can believe it, 83 percent of all New York City restaurant owners did not pay all of their rent in July…
The state of the New York City restaurant industry is in dire straits. July proved to be another disastrous month for restaurants, bars, and nightlife establishments across the city with a majority unable to pay rent in July, a new survey found.
NYC Hospitality Alliance surveyed about 500 owners and operators of eateries in the city, with 83% of respondents indicating they couldn’t pay the entire rent in July while 37% paid no rent at all.
83 percent.
Let that number sink in for a moment.
That doesn’t sound like a recovery.
What that sounds like is an economic depression.
And I am certainly not the only one using the “d-word”. The following originally comes from a Time Magazine article entitled “The Next Global Depression Is Coming and Optimism Won’t Slow It Down”…
About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I can only allow this to happen if this “About the Author” section is included with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.
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Fear God and Flee from Evil!
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