Are we in a Recession or Depression?
The 2024-2025 Viral Depression will be the darkest hour since The Great Depression of 1929-1939.
It is the culmination of various detrimental and terrifying symptoms in the U.S. economy.
Factors such as money printing, inflation, growing income disparities, widening wealth gaps, and AI are killing the middle class.
If the Federal Reserve Treasury did not print $3.3 trillion dollars during Covid-19, the world would've entered a 2020 Depression already.
In 2020, we saw the lowest interest rates for mortgage loans at 2.65%, business loans at 3.64%, auto loans at 4%, and personal loans at 9.5%.
With interest rates and inflation mooning, how will small businesses, corporations, and families survive?
The Federal Reserve printed $3.3 trillion dollars to prop up the stock market because businesses, cities, and governments were locked down due to the Covid-19 virus spreading.
6.9 million people died globally in 2020 because they were infected, gasping for air.
Small businesses and corporations were struggling to survive due to lockdowns, loss of sales, loss of workers, infrastructure and logistic problems, which amplified their losses.
Big retail corporations such as JC Penny, Neiman Marcus, Hertz filed for bankruptcy.
With the influx of cheap cash, inflation soared through the roof.
Groceries, gas prices, and rent drastically increased due to inflation.
The average price of a gallon of gasoline in the United States increased by 58.7% between February 2020 and November 2021 according to the U.S. Energy Information Administration (EIA).
This is the largest annual increase in gas prices since 1979.
To counter inflation, The Federal Reserve stopped printing money and are trying to ease inflation.
Covid-19 devastated small businesses, corporations, and people's livelihoods.
Unemployment, bankruptcies, fentanyl, and homelessness are rising at faster rates than before.
Parts of downtown areas in San Francisco, Seattle, Los Angeles, and New York City have become zombie grounds with homeless killing themselves by injecting fentanyl.
Bombs, bullets, explosions of the Ukraine Russian War, China attempting to reclaim Taiwan, and Israel Palestine War are heating to a climax.
The probability of World War III destroying humanity seems more and more likely at 19%.
The Viral Depression is unlinke anything we've ever seen and experienced.
