The Greater Depression Has Arrived

The Greater Depression Has Arrived by Rory for The Daily Coin

The peak of the “Great Depression” back in the 1930’s was 25million people. With the number of unemployed during the era of Wuhan bat-stew flu pushed north of 30 million people, we can now say, without hesitation, we have entered a “Greater Depression”.

As Zero Hedge reported earlier today.

In the last week 3.839 million Americans filed for unemployment benefits for the first time.

Source: Bloomberg

That brings the six-week total to 30.31 million, which is over 12 times the prior worst five-week period in the last 50-plus years.

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Welfare cliffs are of course not the only reason so many capable Americans languish in partial dependency on government assistance. Dreadful government schools in poor areas and systematic obstacles to getting a job, such as minimum wage laws and occupational licensing laws, are also to blame. But the perverse incentives of America’s welfare system really hurt, and the CARES Act may have been a serious tipping point.

But, hey, there’s good news… well optimistic headlines as Treasury Secretary Steven Mnuchin said he anticipates most of the economy will restart by the end of August.

Finally, it is notable, we have lost 434 jobs for every confirmed US death from COVID-19 (60,999).

Was it worth it? Source

Was it worth it? Absolutely not, unless of course, you thought it would crush President Trump’s chances of winning the 2020 election. Then absolutely worth it.

None of the made-up digits coming from the Federal Reserve, the PPP, the “stimulus” checks being slowly, slowly, slowly handed out to the citizens nor any of the other massive wealth transfer is going to stop what is now set in motion. For those that can’t see – this, as I have been calling it, is the “prequel” to the movie, The Hunger Games. This is the time leading up the revolution. A revolution is all but assured at this point.

Let’s not forget that report that has been floating around for years from the NGO company, Deagel, showing the U.S. population dropping by 65 million people by 2025. That’s looking more realistic with each passing day.

Click image to enlarge

Those paying attention understand this a massive push for Agenda 21 / 2030 Agenda, but what may not be understood is the push-back. I’m not sure the psychopaths in charge were counting on the surge of new gun owners, they have never owned a gun. I’m not sure the psychopaths counted on every piece of ammo being sold out.

Only time will tell what the next step will be, but we can with confidence a few million more will be unemployed over the coming few weeks. My bet is, they will never be rehired. They may be replaced with low IQ low wage replacements, but the U.S. citizen, that demands a decent standard of living is officially done.

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The Daily Coin

Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.