FAST FIVE: There Will Be A Lot More Rioting, Looting, And Civil Unrest As The US Economy Continues To Crumble
There Will Be A Lot More Rioting, Looting, And Civil Unrest As The US Economy Continues To Crumble Tyler Durden Sat, 05/30/2020 – 08:10 Authored by Michael Snyder via The Economic Collapse blog, What we have been witnessing on the streets of Minneapolis is just the beginning. Our nation is so deeply divided, and a large portion of the population is losing faith in the basic institutions that govern our society. Personally, I don't know how anyone can watch the video of what happened to George Floyd without having an emotional reaction. Police brutality has been a massive problem in the United States for many years, and it has gotten to the point where most of the country no longer has faith in the police. Of course the rioters are not helping their cause by burning down the communities that they are supposedly defending. And after causing so much chaos on Wednesday night, protesters were back in the streets of Minneapolis on Thursday- Protests and, in some cases, violence, continued Thursday in the aftermath of the death of George Floyd, a black man who died in police custody after a white officer pinned him to the ground under his knee.
If you think that these riots about police brutality are intense, just wait until the economic riots start.
This was the 10th week in a row when the number of new claims for unemployment benefits has been above 2 million.
Overall, 40.8 million Americans have filed new claims for unemployment benefits over the past 10 weeks. That is the greatest spike in unemployment in all of US history by a very wide margin, and it means that more than one-fourth of all the jobs in the United States have already been wiped out.
But that benefit is set to expire at the end of July if Congress does not pass another stimulus bill to extend benefits.