The coronavirus is the needle that poked the $255tn global debt balloon with the consequence of losing the little freedom we had left. Please consider the quote below, the pandemic scare is obviously made up:
For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover. (see link below)
As the velocity of money exposes the so many underlying plots, and the Fed Reserve plans on injecting $1 trillion into the economy daily in the week ahead, one and sole naked truth standing by itself springs from the economic turmoil:
Monetized socialism and welfare capitalism are the same.
Some will argue about the value of “responsible capitalism” but if responsible capitalism was truly and fully implemented, that would mean the end of profits because integrity itself is antagonistic to profits. A truly responsible society addresses its poverty rate because, for us humans who have the ability to think far ahead, poverty is the direct consequence of greed and fallacies.
That is why obesity does not exist in the animal kingdom. Nature is a model we ought to follow! No animal takes out more than what it puts in. Our consumption must match our direct needs instead of gratifying our egos. The quest for profit fueled by money has made everything worthless.
Even hospitals have joined other Wallstreet vultures, asking for a $100 billion stimulus package which is in fact a bailout. Airlines which never really recovered from the 2008 crisis are still at it, seek a bailout package of $58 billion in total.
Many US states already fret over the number of jobless benefits growing exponentially, and proactively have started begging Congres for more money. Lawmakers scramble to come up with a bill to put a moratorium on credit card payments, evictions as mortgage and rent delinquencies are set to skyrocket. All industry sectors are threatened.
The Business Insider writes: The US’s biggest bank expects the coronavirus pandemic to sink the US and European economies into a deep recession as soon as this summer. The Indepedent.uk contends: The coronavirus outbreak could tip much of Europe into recession and cut global growth in half this year, economists warned that the Covid-19 virus presented the gravest threat to global economic growth since the financial crisis and could cause a “domino scenario” where the virus’s intense impact on China is mirrored across other advanced nations, severely hitting confidence, travel and spending. (see links at the bottom)
At least CNN is brutally honest when declaring that the specter of a global economic depression seriously looms. Although the world economy could do a little bit better over the weeks ahead due to the various bailouts and quantitative easings possible, let’s not mince our words: we will not make it.
Additionally, our food supply is too directly impacted as seasonal workers cannot even cross borders to help out farms. Not that we think those farms are worth it, most of them use GMO crops anyway, but it tells us how much worse it could get. Before the end of the year, rationing may well become a fact of life.
Some 70,000 seasonal workers are usually required annually on British farms – with many coming from overseas. But travel restrictions and tighter border controls are having a significant effect on the number of people able to travel to the UK. And this is also playing out in the US where farm groups pressured the Trump administration to allow the workers in. (see link below)
No matter how we look at the dire picture, the end of profits is nearing for good and it is time to be honest with ourselves, it was all a game, a massive illusion now coming to an end.
The transition is going to be a rocky road but we must unite to win over this millennia-old battle!
LINKS MENTIONED IN THIS BLOG
FOOD SUPPLY/FARM CRISIS