Food Banks Warn They Will Soon Run Out Of Food As Economic Suffering Explodes All Over America
What are hungry Americans going to do when the food banks don’t have any more food for them? Over the past couple of weeks, we have witnessed the largest spike in unemployment in all of U.S. history. Since most of those workers did not have any sort of a cushion to fall bank on, a lot of of them have been forced to seek out emergency assistance for themselves and their families almost immediately. Of course our national network of food banks was not built to handle this sort of a scenario, and as you will see below, many of them are already starting to run out of food. But if things are this bad at the very beginning of this new economic downturn, what are things going to look like a few months from now?
It is imperative for people to understand that we are now in uncharted territory. At this point, even the head of the IMF is warning that this new economic crisis will be “way worse” that the last recession…
The coronavirus pandemic has created an economic crisis “like no other” — one that is “way worse” than the 2008 global financial crisis, the International Monetary Fund’s top official said Friday.
“Never in the history of the IMF have we witnessed the world economy come to a standstill,” Kristalina Georgieva, managing director of the IMF, said at a news conference.
And of course we are already seeing economic numbers in the United States that absolutely blow away anything that we witnessed back in 2008 and 2009. I don’t know that any of us ever anticipated seeing a single week when 6.6. million Americans would file new claims for unemployment benefits.
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