The Next Global Depression Is Coming And Optimism Won’t Slow It Down

Time Magazine just ran this headline. Continually, we are being prepared to accept that doom is coming our way. Folks, the stage has been set for a horrific global financial collapse, one that is unfolding before our eyes. This was all caused by the government imposed COVID-19 lockdowns.

Economic Distress Mounting

Time Magazine explains,

Signs of corporate economic distress are mounting. And second and third waves of coronavirus infections could throw many more people out of work. In short, there will be no sustainable recovery until the virus is fully contained.

Time

Governments caused this problem to begin with and now we are told that the government will save us.

Sorry, it’s not going to happen.

Instead, the mainstream media is preparing our minds to acknowledge and accept a future economic collapse of the global system. This will be utterly devastating.

Retail Bankruptcies

Bloomberg reports,

Every week seems to bring another round of retail bankruptcies. At least 25 major retailers have now filed for bankruptcy this year, with 10 of these coming over the last five weeks. As many as 25,000 stores are expected to close in the U.S. in 2020, mostly in shopping malls.

Bloomberg

What Does It Mean For Me?

We often tend to read the news, shake our heads, and move on. However, these are the days when we need to start thinking about what this all means and how we are going to be affected by it.

Folks, a healthy economy is all about the flow of money.

Right now, the flow is being cut off due to government-imposed lockdowns and restrictions. A purposeful collapse of our way of life.

As businesses continue to close, it means more jobs are lost. That means those people will not have the funds to go out into the world and buy things which naturally stimulates the economy. In turn, other businesses will be affected by that.

For the businesses that do close their doors, it means they will not be buying supplies, renting spaces, and so on. That means even more people will have less income which will affect other businesses.

It is the domino affect.

Yet, the government thinks they can print their way out of this, however, that is by design as well. You see the more they print money, the less your dollars are worth. That is why gold and silver are spiking in price right now.

More Government Debt

Wells Fargo says this could get a whole lot worse before it gets better…

We estimated in a report that we published on July 14 that the size of the Fed’s balance sheet, which currently stands at nearly $7.0 trillion, would grow to roughly $7.6 trillion by the end of 2020, under our base-case scenario. But in a “worst-case” scenario, in which the economy rolls over again and tensions in financial markets spike anew, the balance sheet could easily explode to $11 trillion by the end of the year. What are the implications of this significant growth in the size of the Fed’s balance sheet?

Wells Fargo

“Balance sheet” is a fancy way of saying counterfeit money. They are counterfeiting money which in turns makes your money worth less. They are removing your buying power, and taking away jobs.

This is not going to end well.

Friends, we have been talking about a future economic collapse for a long time, this looks to be the event. As the days pass, it becomes more apparent, we are headed for a very disturbing and dangerous time. All I can say is ensure you are mentally, spiritually, and physically prepared for what is coming.

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