Economic Collapse Has Arrived! Trade War Expands, Home Sales Plunge, Sto...

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Economic Collapse Has Arrived! Trade War Expands, Home Sales Plunge, Stock Market Crash Coming!
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Epic Economist
Published on Jun 26, 2019

It is going to take a miracle for the U.S. economy to pull out of this new economic collapse that is on our doorstep, because the economic numbers are really starting to deteriorate very rapidly now.  On Tuesday we got some more new numbers, and they were just as bad as we thought they might be.  But even before today’s numbers all of the data were telling us the exact same thing: economic collapse is coming. 

The world has never seen anything like this ever before, and one of the central themes of Epic Economist youtube channel is that these bad economic numbers will destroy our society with a horrible stock market crash and financial collapse:

The New York Fed’s Empire State manufacturing index just suffered the worst one month decline in U.S. history, Morgan Stanley’s Business Conditions Index just suffered the largest one month decline that we have ever seen, global trade numbers are the worst they have been since the last financial collapse, and just last week I detailed the complete and utter “bloodbath” that we are witnessing in the U.S. trucking industry right now.  So considering what we already knew, it shouldn’t have been a surprise that new home sales in the U.S. were down a whopping 7.8 percent during the month of May: The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual rate of 626,000 in May, down from 679,000 in April. During the first five months of the year, purchases of new homes have fallen 3.7% compared to the same period in 2018. Those are absolutely horrible numbers, and this is precisely what an economic crisis looks like.

On Tuesday we also learned that U.S. consumer confidence is rapidly declining. Once again, this is precisely what we would expect to see during a recession.

In the fiscal fourth quarter, which ended May 31, FedEx reported a loss of $1.97 billion, compared with profit of $1.13 billion a year earlier. FedEx blamed this horrible number on the ongoing global economic slowdown, and unfortunately things are not likely to get any better for them any time soon.

Many in the mainstream media continue to speak of “the next economic collapse” as some future event, but when we get the final economic numbers many months from now we may discover that it had already started by now.  In fact, one prominent economist recently stated that he believes that “we’re probably already in a recession”

Meanwhile, the global trade war continues to intensify, and over 300 companies are literally begging the Trump administration to find a way to end it. Sadly, it isn’t likely that the trade war will end any time soon.
In fact, it is probably much more likely that a shooting war will start in the Middle East instead.  And if that happens, economic collapse will dramatically escalate.

America is headed for a day of reckoning, and author Michael Snyder is sounding the alarm.  His novel about the future of America entitled "The Beginning Of The End" and his best-selling book about the end times entitled "The Rapture Verdict" are both available on Amazon.com.

Michael Snyder's author page: https://amzn.to/2YFl1D3

The Beginning Of The End: https://amzn.to/30jNS18

The Rapture Verdict: https://amzn.to/2LPZo10

Get Prepared Now: https://amzn.to/2JJHj24

Living A Life That Really Matters: https://amzn.to/2LNgrAS


Music:

CO.AG Music https://www.youtube.com/channel/UCcav...


Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
Category
News & Politics
278 Comments
 Auggie Giuseppe
Add a public comment...
Stock Market Investing
Stock Market Investing
1 day ago
The market isn’t pricing in the trade war because they are fully anticipating the fed to cut cut rates!

28


Crypto Colax
Crypto Colax
1 day ago
It feels good to have my everyday global economic collaps on youtube.

11


Pedro gonçalves
Pedro gonçalves
1 day ago
We are all crazy... Spending crazy amount of money and nothing will happen... That's the truth...

20


Douglas Taylor
Douglas Taylor
1 day ago
You guys are not factoring the new war starting next week with Iran. Already, business is looking good (as usual) with the military industrial complex.

12


Time
Time
1 day ago
We're told GDP dropped 3-4% during the great recession. Let's think about this. 40 million or more jobs lost, which represented around 25-35% of the total US jobs, yet GDP is only down 4%?
They lie folks, they're the government, all they do is lie.

23


NibiruLives
NibiruLives
1 day ago
Soon we'll have to start making 'Victory Gardens'.

18


SCJ Johnson
SCJ Johnson
1 day ago
I don’t understand... this site says we are crashing, but Trump says the economy is the best it’s ever been. What am I missing?????? Someone please explain!!!!

27


No More Libs
No More Libs
1 day ago
Love the doom music in the background.  That's good doom!

10


Gordon Richstone
Gordon Richstone
1 day ago
No miracle needed...america will just start ww3

13


River City MOVERS
River City MOVERS
1 day ago
People have had enough. Enough debt. Enough stuff from China. Enough spending without a thought of tomorrow.

11


Sean Seng
Sean Seng
1 day ago
I have been waiting!!!houses too expensive in California. Love you all

5


Stephen
Stephen
1 day ago
One of these days this channel will get the right date of the collapse.

6


Randy Best
Randy Best
1 day ago
The MSM is clueless, but they are also being told what to promote or state. Very serious problem.

4


Watson Ingley
Watson Ingley
1 day ago
The most important question is - "Who gains the most from a US/global recession or depression??"  The answer is, of course, those sociopaths currents dominating the US/global military Industrial and entertainment complex. And behind this layer cake of shit and deceit is, just as predictably, the Redshields.

6


Billg Wagner
Billg Wagner
1 day ago
The trade war with China and India is going to put a hurting on the economy,the money being printed only causes inflation.The real collapse will be in 2020/2021

17


Steve Girouard
Steve Girouard
23 hours ago
There wrong big time this is not a recession happening !!! this is a Collapse of paper and your Wealth.. this will be the greatest transfer of wealth in human history!!!! Wake up people!!

3


Anti Law
Anti Law
1 day ago
Government not going to give collapse warning.

19


Donald Wilson
Donald Wilson
1 day ago (edited)
The federal government, the not so federal reserve, as well as the media talking heads will never tell the truth. If these asshats were to come out and tell the truth and say that the US as well as the global economy was on the rocks, people would stop investing pull their cash out and stop buying cheap junk produced around the world. Screw them all I wouldn’t invest a nickel in the stock market, IRA or 401K. It’s all one big freaking scam.

Regarding China screw them and screw the corporations that are whining that the trade war is impacting their bottom line. Screw them all...

Period. End of story. Cheers mate...

3


HUMAN CONTRABAND
HUMAN CONTRABAND
1 day ago
May use as a whole collapse
The world could do better without this evil empire.

2


DANA SCHIELD
DANA SCHIELD
1 day ago
Take all this easy money and max out on silver and gold! 😜