By CR on Saturday, 16 May 2020
Category: Banking and Finance

Economic Effects of Corona Freak-Out Set to Kill More than the Bug Itself! By Chris Knight

     This item comes from our New World Order friends at the UN, so you know that it must be high in salt, and steaming hot with cosmopolitan cholesterol:
  https://www.breitbart.com/health/2020/05/12/u-n-officials-coronavirus-lockdowns-could-trigger-famine-in-dozens-of-countries/
  https://www.latimes.com/world-nation/story/2020-05-11/more-than-a-billion-people-escaped-poverty-in-the-last-20-years-the-coronavirus-could-erase-those-gains

“The economic devastation the pandemic wreaks on the ultra-poor could ultimately kill more people than the virus itself. The United Nations predicts that a global recession will reverse a three-decade trend in rising living standards and plunge as many as 420 million people into extreme poverty, defined as earning less than $2 a day. As for the 734 million people already there, the economic tsunami will make it harder for them to ever climb out. “I feel like we’re watching a slow-motion train wreck as it moves through the world’s most fragile countries,” said Nancy Lindborg, president of the nonprofit U.S. Institute of Peace and former head of the Ebola task force at the U.S. Agency for International Development. Hunger is already rising in the poorest parts of the world, where lockdowns and social distancing measures have erased incomes and put even basic food items out of reach. In Guatemala, villagers are begging for food along highways by waving pieces of white cloth at passing drivers. In Colombia, the hungriest hang red flags from their homes in hope of donations. Recent phone surveys in places as disparate as Senegal and rural China suggest that large swaths of society have lost their livelihoods and, as a result, are eating less.The U.N. predicts the coronavirus could push an additional 130 million people to the brink of starvation by the end of 2020. World Vision, an international Christian aid organization, warns that 30 million children are at risk of dying.

“I want to stress that we are not only facing a global health pandemic but also a global humanitarian catastrophe,” said David Beasley, executive director of the U.N.'s World Food Program. While the virus has already hammered many developed nations, which are now taking cautious steps to reopen their economies, it has yet to peak in many of the world’s poorest countries, meaning the economic devastation there could drag on longer. The pandemic, which began in an industrial Chinese city but has since spread to even the remotest corners of the Amazon rainforest, has exposed the radical interdependence of the modern world — causing disruptions in everything from manufacturing to the global narcotics trade. In Mexico, where an estimated 1.6 million households survive on money sent from relatives working in the United States, many are beginning to feel the secondary impact of the closures of restaurants, hotels and the construction industry north of the border. “Families are not receiving their remittances,” said Abel Barrera Hernández, an anthropologist in Mexico’s impoverished Guerrero state. The decline in dollars has in recent weeks forced some subsistence farmers to migrate to northern Mexico in search of work, because they lack resources to cultivate food on their own land.”

     This is not the problem of the West, for the West did what it was told by the globalist World Health Organization. China needs to now step up to the plate and start giving up some of its affluence, since one line of thought has them culpable for the pandemic. If so, by sacred international law, they must pay, and pay big:
  https://www.theaustralian.com.au/business/the-wall-street-journal/chinas-coronavirus-culpability/news-story/b6f3ead69582bb51676cf0675ff1a89d

“No matter what interpretation you put on events, Xi Jinping, an ambitious politicker who deliberately made himself China’s paramount leader, bears unique responsibility for a global pandemic that will end up killing millions.
Which incriminating interpretation, though, is the right one? From the moment a new virus emerged in Wuhan, the all-important question was whether, like coronaviruses that cause the common cold, it was easily transmissible among humans. By multiple credible reports in China’s own press, medical personnel were in little doubt by late December that they were catching the disease from their patients. An ophthalmologist who would later die of the disease used social media to warn fellow medics to wear protective gear when treating patients. A Chinese lab found an 87 per cent genetic overlap with SARS, a virus of which the World Health Organisation had long since concluded: “Transmission to casual and social contacts has occasionally occurred when as a result of intense exposure to a case of SARS (in workplaces, aeroplanes or taxis) or in high-risk transmission settings, such as health care settings and households.”

On December 31, Taiwan’s government and medical establishment, from its own sources, warned the WHO that such transmission was occurring in Wuhan. On Jan. 7, Mr Xi gave a secret speech on the Wuhan outbreak. Leaked Chinese government memos referred to the likelihood of a pandemic as the disease spread far and wide amid the upcoming mass migration of Chinese citizens for the lunar new-year holiday. China’s government issued no public warning and allowed the migration to proceed. The Wuhan city government permitted a gargantuan banquet for 40,000 families on January 18. Wuhan, bigger than any American city at 11 million inhabitants, was a major rail hub inside China and, through its international airport, exported thousands of travellers a day to the world. Circumstantial evidence can’t settle whether the virus, which like SARS is thought to have passed from bats to humans, escaped from a local Wuhan lab that studies such bat viruses. But China’s government took steps to expel certain foreign reporters from Wuhan, and then from the country, as well as to silence and threaten with arrest doctors, scientists and local journalists who sought to track the outbreak. All this is consistent with a regime whose secrecy is reflexive and unimaginative when facing an explosive emerging situation that potentially threatens its own survival. It also seems inconsistent with one of the stories Chinese sources have put out — that the incompetence and mendacity of Wuhan officials kept Beijing in the dark about the true extent of the problem. This has led some to speculate that, having resigned himself to an uncontainable epidemic, Mr Xi sought to make sure other countries weren’t spared so China wouldn’t be uniquely disadvantaged. Your arrival in the world must have been recent if you think politicians not capable of such cynicism, especially when operating under an authoritarian, communist, one-party political system.”

     And, the above is from our leading newspaper! So, time to pay up China! Yeah, that will be the day.

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