According to Fox News, the news that the United States may face an economic collapse beyond the Great Depression in 2024 has caused widespread concern and concern. Recent data suggest that the U.S. economy is in a very fragile state and could soon plunge into another large-scale crisis.
The latest data shows that the growth rate of the M2 money supply for the past three quarters has been negative, which means that the amount of available money is rapidly decreasing. This has happened only once in the last 110 years, and that was in the early 2030s during the Great Depression. At that time, the United States was experiencing a severe recession that caused people long-term economic difficulties.
Unlike during the Great Depression, however, prices are rising despite the collapse of the money supply in the United States. This puts enormous pressure on families across the United States, with more and more people having to dip into their savings and go into debt to cover basic living expenses.
Today, families across the United States are in dire economic conditions, and many are at risk of losing their livelihoods and not being able to maintain a normal standard of living. The situation would have profound implications for American society as a whole, with unemployment likely to rise sharply and businesses to close, leaving many homeless. At the same time, financial markets will also suffer huge shocks, and investors may suffer significant losses.
In the face of an impending economic collapse, governments and relevant institutions need to take urgent measures to avoid or mitigate its impact. This could include increasing the money supply, stimulating economic growth, and reducing household debt. In addition, individuals and families should also prepare in advance to reserve enough emergency funds and seek additional sources of income to weather the coming economic difficulties.
Overall, 2014 may have been the worst U.S. economic crash since the Great Depression. We must pay close attention to changes in economic data and prepare measures to mitigate possible negative impacts. This moment requires us to work together to prepare for future economic difficulties.