In 2020 an event unique in human history exploded into shocking reality. Severe economic crises have occurred throughout human history for a host of reasons: excessive  public and private debt, systemic weaknesses, excessively-leveraged stock markets and destructive financial engineering, as with mortgage-backed securities that unleashed the 2008 Global Financial Crisis.

However, the 2020 Global Economic Crisis has resulted from deliberate policy by sovereigns through the world that mandated the shutdown of large sections of the global economy in a frantic effort to contain the rapidly spreading Coronavirus, otherwise known as COVID-19.

The radical prescription imposed by policymakers has resulted in deliberate demand destruction  on an unprecedented scale. The inevitable result is the unleashing of a catastrophic global economic crisis that will likely exceed the 2008 Global Financial Crisis in its severity, and possibly prove to be more economically destructive than  the Great Depression of the 1930s.

As the Global Economic Crisis of 2020 unravels the world  we have come to know, this website provides a blog on unfolding events.  The purpose of the Global Economic Crisis website and blog is to offer commentary and observations on the Global Economic Crisis, which may prove to be the most calamitous  worldwide recession in human history.

A growing number of economists are speculating that the global economic crisis will lead to a worldwide recession of such intensity, it may rival the Great Depression of the 1930’s in its calamitous economic devastation.