10 Signs The US Is Heading For A Depression
by Tyler Durden Thu, 04/02/2020 -
Authored by Mike Whitney via The Unz Review,
1– Unemployment Is Off-The-Charts
Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That number exceeds the gloomiest prediction of more than 40 economists and pushes the two-week total to an eye-watering 10 million claims.
According to CNBC:
“Those at the lower end of the wage scale have been especially hard-hit during a crisis that has seen businesses either cut staff outright or at best freeze any new hiring until there’s more visibility about how efforts to contain the coronavirus will work.
“We’ve lived through the recession and 9/11. What we’re seeing with this decline is actually worse than both of those events,” said Irina Novoselsky, CEO of online jobs marketplace CareerBuilder.” (CNBC)
According to New York Magazine:
“Economists at the Federal Reserve Bank of St. Louisprojected Monday that job losses from the coronavirus recession would reach 47 million and push America’s unemployment rate to 32.1 percent — more than 7 points higher than its Great Depression–era peak.”
2– Service Sector Has Been Walloped By The Virus
Services account for 70% of the US economy, but presently the sector is in meltdown. According to the analysts at Wolf Street: “Employment contracted sharply and hours were reduced for those still employed. “The employment index plunged from +6.1 to -23.8, also the lowest level on record...
Retailers got whacked. The Retail Sales Index of the Texas Retail Outlook Survey collapsed from the already beaten-down level of -2.5 in February to an epic all-time low of -82.6 in March… (Also) the general business activity index collapsed from the beaten down level of -5.0 to a historic low of -84.2...
Comments from retail executives were somber:… “Most of our business has gone to zero except for essential locations such as hospitals, military bases and prisons… We are contemplating at this moment sending most employees home while our owners determine whether they can afford to pay reduced salaries and cover benefits for a short period while we see if things improve or worsen” (Wolf Street)
3– Economic Carnage Extends Across Sectors
Business Insider: “Recession risks are rising as coronavirus spreads around the world…The crisis will clobber airlines, shipping, hotels, and restaurants...
“Sectors reliant on trade and the free movement of people are most exposed,” said Benjamin Nelson, a Moody’s vice president and co-author of the report.
Carmakers, gaming, and retail will be hit hard by supply chain disruptions, the analysts said...
“A lengthy outbreak would affect economic activity for longer, leading to heightened recessionary dynamics and a more significant demand shock,” Moody’s said. “A sustained pullback in consumption would hurt corporate earnings, prompt layoffs, and weigh on consumer sentiment.”(Business Insider)
Car sales have also dropped dramatically in the last two weeks. On Wednesday,Hyundai reported that sales had seen a decline of 43 percent for March compared to the same period in 2019. That’s a drop from 61,177 vehicles in March 2019 to just 35,118 during the same month in 2020. All other car manufacturers are experiencing similar weakness in demand.
4– The Bloodbath On Wall Street Continues
U.S. shares sold off again on Wednesday for the third time in four days wiping out most of last week’s bear market rally. The SandP 500 dipped 114 points while the Dow Jones lopped-off nearly 973 points by the end of the session. Analysts now believe that last week’s 20% surge was a temporary reaction to Trump’s multi-trillion dollar fiscal plan. By a 9 to 1 margin, investors are now betting that stocks have further to fall.
To continue reading, please go to the original article here:
https://www.zerohedge.com/markets/10-signs-us-heading-depression
Why Governments Are Preparing For Crisis | Dr. Mark Thornton
Liberty and Finance: 18-2026
Governments are suddenly urging citizens to stockpile food, water, and emergency supplies, but what are they preparing for?
Dr. Mark Thornton of the Mises Institute warns that growing economic instability, energy shortages, and political unrest could create a dangerous global situation.
He argues that governments may use the threat of war to consolidate power while advancing greater control over money and financial privacy. He also warns that bank deposits may not be as secure as people assume, while central bank digital currencies and cashless systems threaten economic freedom.
TNT:
Tishwash: Foreign Minister: Washington has officially asked Iraq to close all border crossings with Iran.
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Good Morning Dinar Recaps,
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Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
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On election night Trump was talking about massive fraud. On Sunday, in a long television interview, he did not mention it once.
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In a detailed discussion featured on the And We Know Official platform, financial expert Dr. Kirk Elliott shared crucial insights regarding the growing vulnerabilities within the global monetary system.
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They’re literally engineering a financial crisis all over again while Scott calling it a “grand economic reordering.”
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Gold prices bounced back from one-year lows this week. Spot gold prices surged over 5% in just two trading sessions around the US mid-term elections. The spot prices made a low of $3,874 per ounce this week and bounced back to an intra-week high of $4,146 per ounce on Thursday.
Gold prices have traded 4% lower in 2026 on a YTD basis and the silver prices plunged 27% YTD.
There’s a Different Way
Notes From the Field By James Hickman (Simon Black / Sovereign Man) November 6, 2026
A friend of mine got legal residency in New Zealand a couple of years ago as global tensions rose around wars in Ukraine and the Middle East. He was only half joking about why. His reasoning is that if WW3 breaks out and the nukes start flying, he would want to be in New Zealand.
But he’s not picking up his life, abandoning all caution, and permanently moving to a new country. He just has a plan, and the basics in place.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
Restored Republic via a GCR Update as of Sun. 8 Nov. 2026
Compiled Sun. 8 Nov. 2026 12:01 am EST by Judy Byington
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Mark the date. Circle it in deep red. The countdown clock (allegedly) hit zero Sat. 7 Nov. 2026 at exactly 03:00 am EST.
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As nations grapple with systemic changes, understanding these diverse elements offers valuable perspective on where our global economy and society are heading.
At the forefront of these international developments is Iraq’s ongoing political and economic journey.
Recent diplomatic engagements and administrative efforts are heavily focused on establishing long-term stability and strengthening national sovereignty. By working closely with international partners, including the U.S. administration, the region aims to foster a secure environment for growth and reform.
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According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 168,600 dinars per 100 dollars, up from the previous session’s 168,300 dinars.
Good Morning Dinar Recaps,
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