2020 was marked by unexpected and unprecedented events. Most of us entered the year without even imagining the entire world would experience the worst health crisis in almost 100 years, which was followed by the worst economic collapse America has ever faced since the Great Depression of the 1930s. All across the nation, delinquencies and social turbulence erupted as people have taken over the streets to protest their discontentment. We have witnessed the explosion of a dramatic hunger crisis, as millions hit their financial ruin.
And, of course, we had one of the most frantic presidential elections in our history. Meanwhile, Congress has made a series of dubious decisions that have put our economy in major jeopardy. Inspired by the latest Michael Snyder’s article, in this video, we gathered 20 numbers from 2020 that are almost too crazy to believe. So stay with us, and don’t forget to leave it a thumbs up, share with friends, and subscribe to our channel to keep updated with the next chapters of the 21st-century economic depression.
At the beginning of 2020, the world wasn’t familiar with a fatal and highly contagious mysterious virus that has quickly spread across the globe. By the end of the year, it had hit over 85 million people and victimized 1.8 million lives. In the United States alone, we have registered more than 20 million confirmed cases and approximately 358,000 fatal casualties, according to the official numbers.
As people started to get alarmed, authorities and health care professionals recommended the use of disposable face masks. However, according to scientists, nearly 1.5 billion masks might have ended up in the oceans in 2020. “The 1.56 billion face masks that have entered our oceans in 2020 are there for the long run. They will remain in the ocean for 450 years or more, and they’ll break into smaller pieces,” warned Dr. Bondaroff.
The panicked response of our politicians to the health crisis made them institute strict lockdowns to control the spread of the virus, but it resulted in an unparalleled unemployment crisis, recording more than 70 million claims for unemployment benefits. On average, over one million claims were filed per week since the first round of lockdowns went into effect. As a comparison, the previous weekly record was of 695,000 jobless claims back in 1982.
According to a Pew Research Center survey, roughly 4 in 10 Americans say they would “definitely” or “probably” not get a vaccine once it’s available. The widespread mistrust could be related to the fact that the drugmakers that produced them have no accountability whatsoever to collateral damages resultant from the vaccine until 2024 as well as immunity against lawsuits the public isn’t feeling confident about getting it. For that reason, the Department of Health and Human Services disclosed it will be spending $250 million on an “information campaign” that is designed to convince people otherwise.
The latest data from Moody’s Analytics highlights that about 12 million U.S. renters are now at least $5,850 behind in rent and utilities payments. On the other hand, landlords have also fallen in a financial cliff due to the estimated $70 billion in unpaid rent, and as soon as the CDC’s order expires, a massive tsunami of evictions is expected to happen, and the financial damages experienced so far are also likely to contribute to the looming housing market crash.
The severity of the current economic downturn has impaired the middle class and pushed many who used to have a comfortable lifestyle straight into poverty. A recent survey has described that for 55% of all Americans, 2020 was a “personal financial disaster”, and about 60% of them anticipate more challenges ahead.
During the Obama administration, the U.S. national debt was at 10.6 trillion dollars, but in 2020 it climbed to 27.5 trillion dollars, and if the Federal Reserve continues to issue its massive liquidity injections, soon enough we will exceed the 30 trillion dollar mark. That will compromise the growth of our country for decades to come. Needless to say, this is the perfect recipe for a national financial catastrophe.
Last year, we witnessed the wildest presidential election ever. Supporters have never been so divided and angry at each other. On December 14th, the Electoral College voted to make Joe Biden the next president of the United States, ending what seemed to be a strong era of Trumpism, which signals to us that the plans of the leading global establishment have shifted. And now we wonder what the next plot twists of the Great Reset era will look like.

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Epic Economist

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