Read the story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Last Hour:
Last 24 Hours:

This Global Depression Will Be Brutal! Prepare for Evictions, Civil Unrest & Economic Collapse! - Must Video

% of readers think this story is Fact. Add your two cents.

Epic Economist

***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex, Immusist Beverage Concentrate & UltraCur Bio-Available Curcumin! Click Here For More Information & To Order!***

In this video, we’ll discuss how the latest official data stacks up against the real economic collapse pain being felt by average Americans. We will give you the statistics and expert opinions on evictions, food insecurity, and unemployment that show this crisis is far worse than the government would have us believe.

The majority of Americans have never had to face an economic collapse like the one now sweeping the country. Anxiety surrounding the health crisis, escalating civil unrest, and a persistently high unemployment rate have made the United States of today almost unrecognizable. This is far and away the most dire crisis since the Great Depression of the 1930s.

The Labor Department recently released highly anticipated new data on the country’s unemployment rate for July, a month that saw resurgences of the pandemic and a second wave of layoffs for American workers.

Mysteriously, the reported unemployment rate was 10.2 percent, a marked improvement from June’s rate of 11.1 percent. Furthermore, the Labor Department said that 1.8 million jobs were added back to the economy. This is a steep slowdown from the nearly 5 million added the month prior, but progress nonetheless.

However, there is a serious discrepancy between these official statistics and the things we are seeing play out across the United States. According to John Williams, economist and owner of, a site that publishes alternative calculations of key economic indicators, the true unemployment rate hovers somewhere around 30 percent.

After all, 152 million Americans were employed in February, and since then, over 55 million new claims for unemployment benefits have been filed. The government data just doesn’t add up. Tens of millions of these claims would have to be corrupt if you were to believe the 10.2 percent unemployment rate.

In fact, more than 80 percent of middle-income households–defined as those that earn between $25,000 and $125,000 a year–have been making bill payments with money in their checking or savings accounts. With high-income families, the figure spikes to 94 percent.

Middle-income households were also incredibly reliant on stimulus payments from the government, and almost 90 percent of them reported that this money went towards basic expenses. Of course, with those emergency aid measures largely expired, we can expect to see an even greater dip into savings accounts, a move that will come back to haunt countless Americans in the future.

Meanwhile, things look even more dire for low-income Americans, only 61 percent of whom say they have been able to live off of their savings. 42 percent have relied at least in part on loans from friends and family members, and nearly half–48 percent–said they had sold personal items in order to scrape together the money for bill payments.

Similar trends have emerged in commercial real estate, and business owners are finding it difficult to keep up with rent payments for their brick and mortar stores or restaurants.

In July, 83 percent of restaurant, bar, and nightclub owners in New York City were unable to make their rent payments in full. 37 percent of these couldn’t even put a single dollar towards these bills, and paid nothing last month.

With this current crisis, the entire world has been plunged into a dramatic slowdown all at once. In a massive chain reaction, the blows this pandemic has dealt to international superpowers like the US, China, and the European Union will cause ripple effects that push developing countries into even more precarious situations. No one on the planet has escaped the impact of the collapse, and every major economy will feel the scars of this disaster for years.

We can see the threads of the country being pulled apart in front of our eyes. Despite more optimistic government data, the plight of the United States is worsening day after day.

***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex, Immusist Beverage Concentrate & UltraCur Bio-Available Curcumin! Click Here For More Information & To Order!***

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at

Order by Phone at 888-809-8385 or online at

Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.