We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

[Yet there is absolute silence from the news media, politicians, and so-called government watchdog groups with regard to the root cause of this economic devastation, i.e., the bio-engineered, weaponized SARS COV2 virus that came out of Wuhan, China.  As with the nuclear meltdown at the TEPCO nuclear power plant in Fukushima, Japan — the mainstream media goes silent and the governments of the world ignore these catastrophic disasters as if nothing needs to be changed to avoid future repeats of these man made horrors.  Close down all bio-weapons laboratories now! — S. Byron Gassaway]

 

by Michael Snyder
TheEconomicCollapseBlog.com
July 30, 2020

For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here. Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic economic downturn, and nobody is exactly sure what is going to happen next. On Thursday, we learned that U.S. GDP was down 32.9 percent on an annualized basis last quarter. That officially makes last quarter the worst quarter in all of U.S. history, and many people believe that this new economic depression is just getting started. But of course not all areas of the country are being affected equally. According to USA Today, states such as Hawaii, Nevada, Michigan and New York were hit particularly hard last quarter…

http://theeconomiccollapseblog.com/archives/we-are-seeing-economic-devastation-on-a-scale-that-america-has-never-seen-before

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