Opinion with a brief look at what the Corona Virus can do to the global economy.
I came across an article today that suggests the Corona Virus is a CIA launched Bio-weapon attack on China. Personally, I suspect that the article in the link is mostly fear mongering, however, one never knows these days so I'm sharing the article in the link below with a few comments of my own.
PDF Document at the following link - "CIA Biovirus"
In cases like this, I always look to see who benefits from what could be a possible psy-op. In the case of this anonymous person who wrote the article, he does make interesting comments and connections in reference to the US / China economic war...an economic war that is real but now with an added possibility that it has escalated in this case with a Bio-weapon possibly unleashed in Wuhan China...it could very well be the beginning of a nasty 2nd stage in the economic war that is raging between the USA and China...if so...well there's no good in what comes next as history has taught us that economic wars become military wars at some point...a bio-weapon would surly be an act of war but no one in China is saying anything at the moment.
So, what is the Corona Virus doing to the Chinese economy?
Well, at the moment, 750 million people in China are on lock down...all traffic out of China is on a two week quarantine (minimum) where 90% of container traffic originates...the longer this lasts the worse it will be for the global economy which at the moment is controlled by a bankrupt reserve US petrodollar currency...and a large manufacturing base in China where all the western corporations went willingly...
The Chinese economy will certainly feel the stress of all this as will the rest of the world. Time will tell where this all leads.
Western Economic Picture
In the west, the first economic quarter has been slow as in recent years however, if the container movement from China continues to be quarantined while factories continue to sit idle due to a lock down, then economics will slow down globally. Job losses will echo throughout the O.E.C.D. nations and that begins a vicious cycle of economic downturn.
One of the major white elephants in western growth / debt economic picture is that their private banks have inflated real estate to unreachable levels that sooner or later something has to give because as it stands now our children and grandchildren will not be able to afford a home or condo with the low salaries provided in a service based economy...and with rental properties being bought up by large land owners and banks who drop these properties into the laps of their for profit property caretaker corporations, we are seeing a rise in "Absentee Landlords" who empower subordinates with the task of turning a profit on people who are struggling to make ends meet.
If a global pandemic is declared or if the virus continues but is contained in China for a prolonged time, then we will see many store closures, job losses and bankruptcies. Job losses means mortgages cannot be paid, foreclosures happen and the private banks take possession of peoples homes.
Consumerism will drop off significantly with the exception of food which will see a more pronounced inflation than the 25% to 30% jumps we have seen since the 2008 - 2009 economic crisis.
In my opinion, neither the Chinese nor American model of economics should be embraced because it is the exact same interest bearing debt, consumer growth dependent system.
We need to return to a self supporting system, where we nationalize all the Private banks and reclaim what they stole from us! We need to overhaul the seats of government so that they support people and not private corporations. Some corporations also need to be nationalized so that the people are not made to suffer food, water, medicine, housing and energy shortages.
Oh, and if you are worried about climate change then you need to realize that the private banking consumer debt / growth economic system is the chief factor in environment destruction and pollution around the world...and THAT must end so maybe it's time we all take a closer look at what is truly important. It's time to let go of this insane economic system and rebuild!
