Yesterday reports surfaced that U.S. GDP fell by 32%. Around the world similar economic data came in which all looks very grim. Of course, this is not a shock since the entire world locked down over this manufactured crisis.

We are going to take a look at some headlines, and then close with some discussion about what is happening economically in our nation.

German Economy Shrinks At Record Pace In ‘Recession Of A Century’

The German economy contracted at its steepest rate on record in the second quarter as consumer spending, company investment and exports all collapsed during the peak of the COVID-19 pandemic, wiping out nearly 10 years of growth.

Reuters

Ravaged By Coronavirus, Mexico’s Gdp Falls Record 17.3% In Second Quarter

Mexico’s economy contracted by double digits in the second quarter as the coronavirus pandemic ravaged Latin America’s second-largest economy and shut factories, kept shoppers and tourists at home and upended trade, data showed on Thursday.

Reuters

Euro Zone GDP Plunged By A Record 12.1% In The Second Quarter

The euro zone economy contracted by 12.1% in the second quarter of 2020, compared to the first three months of the year, according to preliminary data from the region’s statistics office.

CNBC

German Economy Shrinks At Record Pace In ‘Recession Of A Century’

The German economy contracted at its steepest rate on record in the second quarter as consumer spending, company investment and exports all collapsed during the peak of the COVID-19 pandemic, wiping out nearly 10 years of growth.

Reuters

COVID Stimulus Ends Today

In the United States, Democrats and Republicans failed to come to an agreement on a new COVID stimulus bill. This means the additional $600 a week in COVID unemployment benefits expires today.

They will no doubt come to an agreement in the near future. In the meantime, unemployed Americans will begin to feel more economic pain all induced by our government to begin with.

I see the stimulus package as a way to get Americans to become more accepting of universal basic income, something globalists have preached about for years. Once you are on the government dole, the bidding of the government you will do.

Over and over again we can thank government for locking down our nations and destroying our economies. It does not matter if they are liberal or conservative governments, the results are the same.

Remember Jesus words,

Ye shall know them by their fruits.

Matthew 7:16

The fruits which are the works of our politicians are evil. They sow destruction while getting the people to fight amongst each other, that way, we cannot work together and resolve our own problems. We simply leave it up to the same people who destroyed us to begin with.

This all ties right into The Great Reset, make sure you take the time to view that.

Subscribe!

Bible study, commentary, and news right to your inbox.

Cast thy burden upon the Lord, and he shall sustain thee: he shall never suffer the righteous to be moved.
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments