USA on the Brink

USA on the Brink

2020, Economics  -   4 Comments
Ratings: 7.28/10 from 18 users.

When the COVID19 pandemic hit, the world almost came to a grinding halt. The magnitude of the economic upheaval it caused was similar to what the USA experienced during the Great Depression.

With government-enforced lockdowns, many industries were affected. To cope, companies chose to either scale back operations, reduce salaries temporarily or just cut their losses and shut down.

Those in the higher, upper-income brackets and those already classified as "poor" pre-pandemic did not feel any significant economic changes. However, the middle class was greatly affected, with many of them finding themselves suddenly below the poverty line. Many lost their jobs and homes and their dignity and sense of self-worth.

Food banks sprung up all over the country, including California, one of the wealthiest states. As the pandemic wore on, it was not unusual to see many cars line up to get a week's supply of food for free. However, what was unexpected were the many luxury cars also in line, such as BMWs and even a Tesla, proving that the pandemic crippled everything and everyone financially.

The hardest hit by the pandemic were people who worked in the food industry. Restaurants had to close, affecting food suppliers such as dairy farmer Paul from Wisconsin. He has decided to sell his farm to pay debts and retire after losing almost 40% of his revenues. In Texas, Mark and Celine also struggle to pay their rent and bills while raising their four young children. They invested all their money in a restaurant that was only six months old when the pandemic began. They've pretty much lost everything and might soon lose their home.

Those working in customer service and construction also felt the pinch since Covid froze these industries. When Trump-sanctioned eviction moratoriums expired, employees like Tonica Mills, who works in customer experience, had to ask for government handouts in court to prevent getting evicted. Meanwhile, Kirsin Eiland, a construction company assistant, was evicted outright and is now homeless.

Oil moguls and even management and business executives were not safe either. A 67-year-old, 3rd generation Texas oil baron, Karl Beach, had to shut his rigs down. He is considering selling some of his wells since the demand has been so low during lockdown for air and car travel. Sales executive Stephen - who was earning up to a hundred thousand dollars a month in commissions and his wife Anita, who worked in research, lost their home and job because of Covid19. They are currently living in their car with their dog.

It remains to be seen just how long middle-class Americans will have to continue dealing with job uncertainty and all the stress that situation brings. What is clear is that more support is needed to resolve job instability and help people cope mentally.

Directed by: Kristell Bernaud, Matthieu Fauroux

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richard vargo
richard vargo
1 year ago

The catastrophe of covid was produced by a coterie of powerful people in government and the media. Yes covid was a serious disease but the reaction to it was worse and was utilized as a weapon of control. No dissent or second opinions about treatments or the government control of people was or is permitted. we should all be demanding that answers to its genesis be revealed. they talk about the incredible amount of lives lost and the destruction of the greatest economy in history but will not allow an examination of the source or the architects of the reaction.

2 years ago

What a load !!!
Covid is the answer to everything!!!(just keeps on giving)
No the witch's and warlocks elite 1% destruction of world was not 1000 +year in the making ( protocols of Zion)
History repeats again crimes against world humanity by illuminaty (governments) political mafia crime families (death cults legally destroying gods creation for the love of money and power) (corporations eg patent offices) run by international banking (NGOs) (private)cannot hide there crimes no more !!!
Before Covid hit the theft of trillions by governments was plain to see citizens are getting raped ,yellow vest movement took hold around the world even spread to Hong Kong then event 201 was held in China which made the dream of a dead king a reality (reincarnation of a virus to wipe humanity of this earth)
( democratic nations that signed treaty's and partnerships)that are top secret today and will revealed in 100 years ,they sold( gave)country and citizens to evil banking cartel . why were countries given under a trillion dollars by banks ????
We see now 2022 inflation (tax on top of tax's ) world reset human 2.0 climate change cashless transhumanist you will own nothing ect
World war 3 just like world war 1+2 mirror image of history the final nail in the coffin our communist elite want 3/4 human population dead the rest of the world will be patented (owned)
What this evil or negative pagan religion does not realise is they can manipulate the weather food air and water even turn humanity into zombies but the creator god positive entity (frequency )will wipe them out

Claudius Pereira
Claudius Pereira
2 years ago

Disturbing but really good . However there is one huge error made by the narrator and others: it's not Covid 19 that caused the economic meltdown It was the LOCKDOWNS as mandated by ignorant officials and FEAR propagation. The LOCKDOWNS that destroying America and the world .Pandemics do not care about your livelyhood.