(Natural News)—The economic situation in both the United States and the European Union (EU) has degraded so much in recent weeks that even the powers that be are admitting that the situation looks much uglier than the “experts” previously warned.
According to data from SWIFT, the global messaging service for cash transactions, use of the euro has collapsed over the past nine months. Its share of transactions dropped from 38 percent in January to a measly 23.2 percent at the end of August – this is the lowest level recorded in at least 12 years.
It is now being acknowledged that Europe is more than likely already in a recession. And based on the old standards of calculating a recession, the U.S. is likewise in a recession – and heading towards a great depression that will be much worse than the first one.
All gains made by the euro from December 2022 through July 2023 have now been lost. And since mid-July, the common currency has lost another eight percent against the dollar – and is likely only just getting started in terms of its continued decline.
(Related: Back in August, India and the United Arab Emirates [UAE] completed their first dollar-free sale of oil in rupees rather than in petrodollars.)
The global economy is grinding to a halt as inflation continues to soar
Based on the new standards, the U.S. is expected to “officially” enter a recession in 2024 as the effects of monetary tightening take their toll. Some believe that the dollar will hold roughly steady through the winter months before dropping off a cliff next year.
As poorly as the U.S. is doing right now economically, the Eurozone is reportedly doing much worse. There, growth momentum is declining at the most rapid pace, while the U.S. economy has seemingly magically continued to “hang in there.”
Factory job losses across Europe are increasing as new orders decline and business confidence deteriorates. In its 26-year history, the Eurozone HCOB PMI report has never seen this severe of a decline in new product orders across Europe.
The European car sector is struggling as well, and EU leaders have launched their own probe into illegal state subsidies in the Chinese car sector. It remains to be seen what will become of the trade relations between the EU and China moving forward.
“At the end of the day, we believe that the most likely scenario is a negotiated settlement that would either result in some protective measures and / or entails an agreement on Chinese investments in Europe in either the car or the battery sector,” reported Zero Hedge.
The European Commission says it will also assess the risks of four critical technologies: semiconductors, artificial intelligence, quantum technologies and biotechnologies such as vaccines and genome sequencing. The aim is to ensure that these technologies are not “being weaponized by countries not aligned with its values.”
For the first time since April, there has also been an acceleration in the rate of inflation both here and abroad. There have likewise been substantial increases in energy prices, particularly during the month of September.
“Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will continue to depend upon the data and the evolving assessment of risks,” reads a statement from Reserve Bank of Australia (RBA) head Michelle Bullock about the dire situation there.
All in all, the global economic climate is getting uglier and uglier as it nears falling off a cliff, never again to return to what it once was.
The end of Western dominance over world affairs is now in sight. Learn more at Collapse.news.
Sources for this article include:
Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.