Planned Depression Is Only Beginning

The Economic Depression Of 2020 Is Becoming An Endless Nightmare For Millions Of Americans

August 6, 2020 by Michael Snyder

You may have noticed that a lot of people get offended by what I write.  It is not something that I am purposely setting out to do, and I actually endeavor to get along with everyone as much as I can.  But it is undeniable that my articles about our ongoing economic collapse directly contradict a lot of the narratives that are constantly being pushed by the mainstream media and many of our political, business and religious leaders.  There are so many people out there that want to believe that the future is going to be exceedingly bright, and even though 2020 has been a horrific economic catastrophe so far, there are a lot of optimists that believe that it is just a temporary blip on the road to tremendous prosperity. It would actually be wonderful if they were right.
But they aren’t.
At this point, everyone should be able to clearly see that we have entered a new economic depression.  And I wish that I could tell you that a “recovery” was right around the corner, but I can’t.
On Thursday, we got yet another sign that this downturn is here for the long haul.  According to the Labor Department, approximately 1.2 million Americans filed new claims for unemployment benefits last week…

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