By , March 23, 2020
The crisis and public measures to fight it (drastic travel restrictions, social distancing, worker quarantines, etc.) have provoked a major global economic meltdown and perturbed supply chains domestically and around the world. Moreover, they have profoundly shaken financial markets already vulnerable, after years of easy money policies and round after round of so-called ‘Quantitative Easing’ (QE) by central banks, which have encouraged unsustainable debt levels by pushing interest rates down at historically low levels, irresponsible large fiscal deficits by governments during prosperous times, which have enriched the very rich, and runaway unregulated financial speculation that have had the same result.
COVID-19: Trump Companies Fall, Hundreds Lose Jobs
By , March 23, 2020
President Trump’s company — significantly reliant on tourism, conventions, and restaurant income — has been sharply impacted by the COVID-19 pandemic, with at least two properties closing and three hotels laying off staff, according to the Washington Post.
In the wake of the crisis caused by the new coronavirus pandemic in the world, many countries have adopted some strict policies to prevent mass contagion. In the United States, some states ordered the closure of bars and restaurants and imposed special restrictions in some places, which has affected Trump’s businesses and companies in Florida, Las Vegas, New York, Washington, among others.
While Dumping Their Stocks, US Senators Misled the Public on Coronavirus Crisis
By , March 23, 2020
According to reports published by the New York Times, the Daily Beast, the Washington Post, National Public Radio (NPR) and ProPublica, and confirmed on the US Senate database for financial disclosures, at least four sitting senators, including the chairman of the Senate Intelligence Committee, Republican Richard Burr, and the ranking member of the Senate Judiciary Committee, Democrat Dianne Feinstein, in a textbook example of “insider trading” dumped millions of dollars worth of stock after a receiving a classified briefing on January 24. During the briefing, all members of the US Senate were informed of the “emerging public threat” regarding the novel coronavirus.
Spinning Fear and Panic Across America. Analysis of COVID-19 Data
By , March 20, 2020
Millions of Americans have lost their jobs, thousands of small enterprises across the land have been spearheaded into bankruptcy. Millions of families have lost their lifelong savings as a result of the collapse of stock markets. Precipitated into a debt trap, they may lose their homes.
And that scenario will not “recover” in two weeks. It’s a long term depression. What we are dealing with is the destabilization of the US economy and an engineered transfer of billions of dollars of money wealth.
Iran’s IMF Request Shows Just How Desperate Tehran has Become
By , March 20, 2020
Requesting an IMF loan usually doesn’t mean that a country is on the brink of collapse, but the situation is altogether different in Iran’s case after the Islamic Republic asked for $5 billion worth of emergency assistance to help it deal with a series of interconnected and increasingly cascading crises that threaten to totally upend everything that it’s achieved since 1979. The combination of crippling American sanctions, the compliance with the aforesaid by the US’ “comprehensive global strategic partner” India (formerly one of Tehran’s top energy partners) out of fear of so-called “secondary sanctions”, the uncontrollable outbreak of COVID-19 in the Islamic Republic, and the authorities’ mismanaged response to all of this has putting the country on the path to regime change, as the author warned in his earlier analysis titled “Iran: Regime Change By Coronavirus?“, with the global pandemic serving as the catalyst for possibly bringing this dark scenario into fruition.
The Coronavirus, Fear, and Elitist Driven Market Insanity
By , March 20, 2020
The headlines about seven dead in Seattle the first week of March emptied out stores and brought commerce to a standstill in that city. Shops and restaurants emptied out. With no guidance from federal, state of local officials the panic buying spread throughout the United States endangering the lives of millions of people as they coughed, sneezed and fought each other over toilet paper in Costco stores nationwide.
Coronavirus, Vaccines and the Gates Foundation
By , March 20, 2020
By 2019 Bill Gates and the foundation were going full-tilt boogie with their pandemic scenarios. He made a Netflix video which made an eerie imaginary scenario. The video, part of the “Explained” series, imagined a wet market in China where live and dead animals are stacked and a highly deadly virus erupts that spreads globally. Gates appears as an expert in the video to warn, “If you think of anything that could come along that would kill millions of people, a pandemic is our greatest risk.” He said if nothing was done to better prepare for pandemics, the time would come when the world would look back and wish it had invested more into potential vaccines. That was weeks before the world heard about bats and a live wet market in Wuhan China.
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