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"Bank Collapse Is Coming! Big Companies All Over the World Report Catastrophic Financial Results"

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Epic Economist,
  “Bank Collapse Is Coming! Big Companies All Over 
The World Report Catastrophic Financial Results”

“Currently, we have a global panic. The party is finally over and global bank collapse is on the horizon. Globally, we are facing a major economic collapse and we have reached to a point where everything has begun falling apart. The economy has come to an abrupt halt as supply chains break and anxiety spread all over. Millions of businesses have been impacted by the supply chain disruptions and this has triggered the biggest economic collapse since the 2008 global financial crisis.

 

CEO’s of various American companies that rely on Chinese supplies are complaining because of the decline in output. Imports have drastically dropped and there is a very high risk that thousands of employees will be laid off because of this slowdown. Many businesses in the United States cannot do business with foreign suppliers especially those from China and this is affecting the operations of hundreds of businesses.
 
Many economies have been affected by the current economic conditions and economies like the United Kingdom, China, United States and Europe will be affected in a big way. Literally the whole world is in an economic trouble. It looks like we will experience a global bank collapse if this trend continues. Interest rates are headed to zero or even negative because the Federal Reserve has already begun cutting interest rates. They have also expressed the willingness to continue slashing the interest rates if this economic slowdown continues.
 
Hundreds of global companies have been hit in a big because their operations have been disrupted. This has lead to reduction in sales and economists are expecting that the global output will shrink by $2.7 trillion by the end of this year. Probably for the first time in the last 10 years, the global GDP will reduce by several trillions of dollars.
 
Business travels across the world have been affected and big companies like Amazon. Facebook, Microsoft and Apple have restricted their employees from travelling overseas. Business executives from various companies also cannot take business trips to manage company operations in foreign nations. This is delaying many projects and companies are losing billions every day. In some of the US companies, employees are being forced to work from home and restrictions are being imposed in various companies. Travel has been halted for the corporate America and the consumers and as a result the whole travel industry might be headed for a major collapse. This means that hotels. Airlines, cruise ships and restaurants will see a very sharp decline in the number of customers. Companies are entering into a period where they will report the lowest income in a decade.
 
Over the years, China has turned out to be a very big player in the global supply chains and the whole world is connected to the Chinese manufacturing sector either directly or indirectly. This means that the current disruption is supply chains will affect the whole world. This will be felt in weeks to come as warehouses that are spread across various places dry up. Many firms and businesses are currently experiences a big decline in their operations and some are almost to a point where they will be forced to shut down their businesses. Billions of dollars are being lost and it looks like the world has been hit by the worst economic storm and bank crash in history.”



Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2020/03/bank-collapse-is-coming-big-companies.html

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    Total 6 comments
    • raburgeson

      Illegal monopolies and to big to fail, failed. Free markets do not fail! The people have to learn this because the governments are just to retarded to get it.

      • MyTwoCents

        Free markets do fail if businesses have nothing to sell. Too much reliance on China for cheap goods. Countries should have been producing their own goods. Thank Obama and Nixon for this kind of mess.

        • MyTwoCents

          And Clinton too for giving China MFN status. (Most favored nation for trade)

    • Josey Wales

      Everyone who has debt is in danger here. Debt is the Virus!

      No matter what you have on paper, the deciding factor will be how much actual debt you hold, business is going to decline to a point never imagined!

      We are facing a world wide economic meltdown. Your job is no longer secure, if you are making monthly payments on anything you “own”, pay attention. The debt they allowed you to carry wasn’t by accident, they buried Americans in debit and Americans asked for more. Now it’s time to pay up…. Debt is the Virus!

    • MyTwoCents

      Revelation 6:5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.

      6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

      In the Tribulation period people will work all day just to pay for a loaf of bread. If you want to see what happens next, READ YOUR BIBLE.

      • b4

        so god is a control freak eh…naw…dont think sooo…humans are–god is never like stupid,petty,small minded immature humans,never-god is never like humans,never–in a great once in awhile humans can grow up and be like god but that is very rare..bible humpers are a perfect example–they believe god talks like them,thinks like them,acts like them,that god is full of wrath and judgement…never..only humans act like that because they are agents of satan–the bible,the book of wrath and judgement,satan’s best work–god has never read the bible,never will–pure hate filled garbage–bible humpers should stick with santa claus,easter bunny–more their speed,fools…

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