The United States is currently facing a crisis of epic proportions as the economic situation in the country continues to collapse. Since the end of the so-called COVID crisis, cities throughout the country have been taken over by gigantic homeless encampments, a disturbing trend that is indicative of the more significant economic problems facing the country.
Homelessness has been a persistent problem in the United States for decades, but it has reached a new level since the end of the COVID lockdowns as our country plunges forward into the economic abyss. Major cities throughout the country are now being taken over by giant homeless encampments, which are causing of problems for local residents and businesses alike.
From drug use, causing first responders to be overwhelmed with overdose calls to violent attacks on the public, these encampments and the addicts that come with them are wreaking havoc throughout the country.
The current economic crisis in the United States is out of control with the commercial real estate market imploding, home sales plunging, rising inflation, bank failuers and now a growing number of large companies laying off workers all over America. As we’ve been covering for some time now, our economy is anything but stable and, in all likelihood, could collapse at any time.
Additionally, a significant percentage of the population is struggling with debt, with 45% of millennials and 44% of US adults aged 43 to 58 having more credit card debt than savings. Meanwhile, credit card interest rates are rising at a historic pace, with the average rate on credit card debt in the US hitting a record 24%. All the while 73% of millennials now say they are living paycheck to paycheck.
Total credit card debt in the US is set to cross $1 trillion this year, with US credit card debt jumping $61 billion in the last three months of 2022 alone, the largest quarterly jump since 1999. Since the pandemic, credit card debt has skyrocketed, with total US credit card debt up nearly $200 billion in under three years.
But if that doesn’t tell you where things are heading, just take a look at bank deposts – PEOPLE ARE BROKE!!! Since, March 1st, total bank deposits have dropped by $500 billion, the largest two-month drop in history. This is a clear indication that people are withdrawing their money from the banks due to the uncertain economic situation in the country.
The U.S. government is preparing for chaos, are you? As we covered earlier in the month, The IRS is seeking to hire gun-carrying agents in all 50 states who are willing to use deadly force. That’s right, you heard it correctly. The agency responsible for collecting your taxes is now recruiting agents who are armed and ready to take extreme measures to enforce their will. They know the current banking crisis is a ticking time bomb that threatens to rock the entire financial system, and they are preparing to make sure they still get paid!
And now the Invasion at the Southern Border could be the Final Kill Shot!
To make matters worse, the country is also facing a major crisis at the southern border. As Title 42 ends, millions of illegal aliens are expected to flood into the country, causing devastating consequences for the US economy. When Title 42 ends, America will be open to a foreign invasion the likes of which no country has ever seen or survived. Every major city will find itself besieged by homeless illegals begging on the streets, exacerbating an already dire situation.
It’s Time to start taking this seriously!!
The economic situation in the United States is growing more dire by the day, with the country facing a perfect storm of financial and social unrest. The rise of homeless encampments is a stark reminder of the where we are heading, as millions of Americans struggle to make ends meet. The upcoming border crisis is only expected to make the situation worse, leading to even more economic instability and social unrest.
As preppers, we know that we can’t rely on the mainstream media to warn us of the dangers ahead. We must take responsibility for our own financial future and that of our families. That’s why we urge you to take action now to protect yourself and your loved ones. It’s time to prepare for the worst and hope for the best.
Our team has put together a comprehensive article on Preparing for an Economic Collapse — You can read the article here. We delve into the history of economic collapses, provide a detailed list of steps you need to take to protect yourself, and discuss what will most likely happen when the banking system inevitably goes down.
Be Prepared to Feed Yourself when the Collapse Hits!
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