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America is Committing Economic Suicide

Posted By: GeorgeEaton
Date: Monday, 6-Apr-2020 15:40:37
www.rumormill.news/143891

From Survival Dan 101
April 6, 2020
Excerpts:
You are watching an economy begin to die. That, my friends, is what economic devastation looks like. It says that unemployment claims skyrocketed to 7 million last week. Thatís a number so high, so fast, that thereís no parallel in all of recorded history ó even remotely.

The American economy is undergoing the largest shock in history. Itís a shock faster, bigger, and more devastating than any war, which is one of many reasons the war metaphor is inadequate. We have literally never experienced such a thing before.

Why is the American being left to die? Because not nearly enough is being done about. This shock is unprecedented in history ó and the response needed to be, too. Instead, Congress and the Prez passed a stimulus bill thatís far, far short of the mark.
The portion of the stimulus meant to support business is enough to keep the economy going forÖjust one week.
Think about that for a second. Just one week of support, amidst the greatest crisis since the last World War.
This shock is historic precisely because itís going to cause the economy to shut down ó as in waves of businesses to literally shutter its doors as people stay at home ó for far, far longer than a week. Itís already been a week. Itís going to be months until any semblance of normality is resumed. But by then, it will be too late: because this stimulus only supports the economy for a week, most of it will beÖdead.

Yes, really. That brings me to the second reason the stimulus is short of the mark. This stimulus isnít quick, large, or simple enough to buoy confidence ó and so people are beginning to panic.

More at source:
https://www.survivaldan101.com/america-is-committing-economic-suicide/





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