Fellow Patriot,
Economic gurus have been predicting an economic collapse for years, especially since the Great Recession of 2008/2009.
They don’t necessarily agree on how soon it is coming or just what will be the trigger to set it off; but more and more of them are getting on the bandwagon, striking the same drumbeat.
By and large, the forecasts of these economic experts make it appear that the coming financial collapse will far outpace the problems of the depression that started in 1929. But is it possible that they’re ignoring the silent depression that is already happening today?
By definition, an economic depression is a “steep and sustained drop in economic activity featuring high unemployment and negative GDP growth.”
Based on that, the only thing that kept the COVID-19 pandemic from being considered an economic depression is that the drop in our GDP didn’t last long enough to technically qualify.
So, the economists only call it a recession, at least those who recognize what COVID did to the economy do. There are others who don’t.
But these terms, depression and recession deal with the “macro-economy,” what’s happening to the economy as a whole, either nationally or even globally. Yet that can often ignore the realities of the economy, as they relate to real people trying to live out their lives.
That causes both economists and the public at large to see “the economy” as referencing what they refer to as “corporate greed” and “the rich getting richer.” But in reality, the economy is more about people having jobs and being able to afford the goods and services they need.
Great Depression vs Silent DepressionRoughly 25% of the US population lost their jobs during the Great Depression, making it so that they couldn’t afford the goods and services they needed…… (Continue reading on the site)
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