As The U.S. Economy Collapses, Authorities Warn That The Unthinkable May Soon Become Reality

With each passing day, it seems like the forecasts for the rest of 2020 are just getting worse.  Initially, most of the “economic experts” on television were warning that the coronavirus pandemic may push our country into a recession, but now we are being warned that we could soon see economic numbers that we haven’t seen since the Great Depression of the 1930s.  And initially we were told that the death toll in the United States would probably not be that high, but now that the death toll has already surpassed the number of Americans that died on 9/11 the message has changed.  At this point, our national officials are warning us that up to 240,000 Americans could die “by the end of the year”…

Members of President Donald Trump’s administration laid out dire estimates Tuesday to underscore the potential impact of the coronavirus pandemic in the United States, a grim prediction they said was at the center of the president’s decision to extend strict social distancing guidelines through the end of April.

Federal public health officials said that between 100,000 and 240,000 could succumb to the virus by the end of the year – making it one of the nation’s worst public health crises – said Deborah Birx, the White House coronavirus response coordinator.

As I write this article, the U.S. death toll is closing in on the 4,000 mark.

That means that the number of dead bodies in the U.S. could get almost 60 times higher by the end of 2020.

If that projection is anywhere close to accurate, do you think that there is any possibility that America will “reopen for business” any time soon?

This is a national crisis unlike anything that any of us have ever experienced before, and we all need to work together to try to defeat this virus.

Fortunately, our national health authorities are finally realizing that if everyone was wearing masks that it may greatly reduce the spread of COVID-19.  On Tuesday, Dr. Anthony Fauci revealed that the coronavirus task force is “seriously considering” asking all Americans to wear masks when they are out in public…

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, revealed on Tuesday that the White House coronavirus task force is seriously considering guidance that Americans wear masks to help thwart the rapid spread of COVID-19.

But the country’s top infectious disease expert also acknowledged that such a directive has been complicated by the nationwide dearth of personal protective equipment.

Of course this would represent a 100 percent reversal from earlier this year when our national health leaders and the mainstream media were openly discouraging everyone from wearing masks.

If everyone would have been wearing masks from the beginning, we could have saved a lot of lives, but at least they are finally realizing their mistake.

Yes, having everyone wear a mask would raise the level of fear among the general public, but it would also be a big step in getting this pandemic under control.

Every day we hesitate, the longer this pandemic is likely to persist, and one of China’s top health officials says that the fact that we have waited this long to make a move is a “big mistake”…

A prominent public health leader in China also argues for widespread use of masks in public. The director general of the Chinese Center for Disease Control and Prevention, George Gao, told Science that the U.S. and Europe are making a “big mistake” with people not wearing masks during this pandemic. Specifically, he said, mask use helps tamp down the risk presented by people who may be infected but aren’t yet showing symptoms.

If those people wear masks, “it can prevent droplets that carry the virus from escaping and infecting others,” Gao told Science.

Without a doubt, wearing masks is inconvenient and they look awkward.

But if everyone is doing it nobody will stand out, and as President Trump has noted, it will hopefully only be “for a short period of time”…

“We are not going to be wearing masks forever, but it could be for a short period of time after we get back into gear. I could see something like that happening for a period of time,” President Trump said during Monday’s White House briefing.

A couple of months ago, it would have been crazy to suggest that most people in America would be wearing masks by the middle of 2020 because of a horrible pandemic, but now we are on the verge of that actually happening.

Of course the big problem with asking everyone to wear masks is that we still have a national shortage.  The following comes from Tucker Carlson…

From the beginning of the Chinese coronavirus epidemic, mask shortages have been a major problem. Some people hoarded hundreds or thousands of them. Manufacturers couldn’t keep up.

In some cases, apparently, they were sent overseas. The foreign countries who we outsourced our factories to prudently decided to keep the masks for themselves. Nationalism is real in a crisis. And of course, here in the United States, our own government didn’t have nearly enough mass stockpiled to cope with what has happened.

And even though this mask shortage has now been glaringly apparent for many weeks, the problem still has not been fixed.

In fact, mask shortages are still being reported all over the nation…

But there is still a big concern about mask shortages in the United States. A survey released Friday from the U.S. Conference of Mayors finds that about 92% of 213 cities did not have an adequate supply of face masks for first responders and medical personnel.

At this point, experts emphasize that the general public needs to leave the supply of N95 medical masks to health care workers who are at risk every day when they go to work.

Meanwhile, the U.S. economy continues to collapse at a speed that is absolutely breathtaking.

U.S. stocks just closed out their worst first quarter ever.  During the months of January, February and March, an all-time record 19.6 trillion dollars of stock market wealth was wiped out, and many believe that the worst is still yet to come.

Currently, approximately 75 percent of the country is under some sort of a “shelter-in-place order” and this has brought economic activity to a crashing halt.  The following is how CNN is describing the current state of the U.S. economy…

The economy is cratering deeper than we have seen in our lifetimes. Layoffs are coming so quickly, the state unemployment offices can’t keep up. Banks are flooded with calls about upcoming mortgage and loan payments. Downtowns are deserted, malls are closed, bars are empty, and airplanes are grounded.

When even CNN starts sounding like The Economic Collapse Blog, then you know that things have gotten really, really bad.

All Across America, retailers are boarding up stores, and Bloomberg is reporting that some areas of the nation are seeing a “barter economy” start to emerge…

Barter, the trade system prevalent in the Middle Ages, is back in the time of coronavirus pandemic, with a modern twist. Social networks Facebook and Nextdoor are flooded with posts from neighbors and friends seeking to swap eggs for toilet paper. Small and midsized businesses, whose cash trade has dried up from the economic fallout of shelter-in-place orders, are turning to online barter exchanges.

It is crazy how much things have changed in just a matter of weeks.

At the beginning of the year the mainstream media was full of reports about how well the economy was doing, but now Goldman Sachs is projecting that the U.S. economy will shrink at an annualized rate of 34 percent in the second quarter…

Goldman Sachs Group Inc. expects the U.S. economy to experience a far deeper slump than previously anticipated as the coronavirus pandemic hammers businesses, causing a wave of mass unemployment.

The world’s largest economy will shrink an annualized 34% in the second quarter, compared with an earlier estimate of 24%, economists led by Jan Hatzius wrote in a report. Unemployment will soar to 15% by mid-year, up from a previous forecast of 9%, they wrote.

Of course many industries will see a decline far greater than 34 percent during the second quarter.

At this point, we are being told that there are “basically no U.S. auto sales right now”…

The coronavirus lockdowns across the nation will also put a damper on April, which is traditionally a good month for auto sales. Ford is all but shutting down and names like Fiat and GM are expected to release extremely weak numbers later this week.

Morgan Stanley analyst Adam Jonas put it simply: “There are basically no U.S. auto sales right now. Investors have fully embraced the reality that the U.S. auto industry may be shut down for one or two full months. We’re now being asked to run scenarios of six-month or nine-month shutdowns.”

Have you seen the new car commercials where they are promising to take care of your car payments if you lose your job because of the coronavirus?

Well, I hope that they have really big pockets, because millions of Americans are losing their jobs right now.

And just like we have seen during every other economic downturn, some Americans will respond to economic misfortune by taking their own lives…

Wilson police say a man shot his longtime girlfriend and killed himself because he was extremely upset about the coronavirus pandemic and losing his job. Police say 38-year-old Roderick Bliss IV shot his longtime girlfriend in the back before turning the gun on himself.

Police say officers responded to a resident on North 17th Street in Wilson Borough for shots fired and found Bliss unresponsive and not breathing. A semi-automatic pistol was near his body.

This should never happen, and we need to try to get people to understand that there is always hope.

No matter how bad things get, God can take the broken pieces of your life and turn them into a beautiful thing.  There is always hope if you know Jesus, and this is a time when we should all be sharing the message of the cross with as many people as we possibly can.

Right now things look really bleak to most people, and we are seeing things that we have never seen before.

For example, the top of the Empire State Building has been made to look like a “spinning” red siren light…

The Empire State Building debuted what appeared to be a spinning red ‘siren’ light atop the iconic structure in what many observers saw as a dystopian sign of the times.

Scientist Rita J. King explained that the light was not actually spinning but was made to look that way.

The @EmpireStateBldg reminding us that the city is in the middle of an emergency. pic.twitter.com/50TjEjOogN

— Rita J. King (@RitaJKing) March 31, 2020

So many people are going to fall into depression and despair in the weeks ahead, and what we have experienced so far is just the beginning.

But it is critical to remember that God knew about all of this in advance, He is in control, and He has a plan to bring us through this.

It is during times of great crisis that we find out who we really are.

The past several weeks have been very challenging, and President Trump is warning that we are heading into “a hell of a bad two weeks”…

President Donald Trump prepared Americans for a coming surge in coronavirus cases, calling COVID-19 a plague and saying the U.S. is facing a “very, very painful two weeks.”

“This could be a hell of a bad two weeks. This is going to be a very bad two, and maybe three weeks. This is going to be three weeks like we’ve never seen before,” Trump said at a White House press conference Tuesday. White House officials are projecting between 100,000 and 240,000 deaths in the U.S. with coronavirus fatalities peaking over the next two weeks. “When you look at night, the kind of death that has been caused by this invisible enemy, it’s incredible.”

It will be very interesting to watch how the American people respond to this nightmare.

Will we respond with humility and brokenness, or will we stubbornly remain on the same path that we were going down before this pandemic started?

This is one of the most critical junctures in our history, and nothing will be the same from this point forward.

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 need those that republish my articles to include this “About the Author” section 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. 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.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

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Michael Snyder is the publisher of The Economic Collapse Blog, The American Dream Blog and The Truth. You can follow him on Twitter right here.