Our Poor Rats are Suffering, Too By James Reed

     No, not academics from the Arts and Humanities, the two-legged postmodern socially constructed version of rats, but the nicer, furry, equally as diseased, four-legged type, although some may be missing a leg or two given cannibalism, in this time of restaurant closure:
  https://www.nbcchicago.com/news/national-international/starving-and-cannibalistic-americas-rats-getting-desperate-amid-pandemic/2254873/

“America's rats are being hit hard by the coronavirus. As millions of Americans shelter indoors to combat the deadly virus, which has claimed over 21,000 U.S. lives, many businesses — including restaurants and grocery stores — have closed or limited operations, cutting off many rodents' main sources for food. On deserted streets across the country, rats are in dire survival mode, experts tell NBC News. "If you take rats that have been established in the area or somebody's property and they're doing well, the reason they're doing well is because they're eating well," Bobby Corrigan, an urban rodentologist, told NBC News. "Ever since coronavirus broke out, not a single thing has changed with them, because someone's doing their trash exactly the same in their yard as they've always done it — poorly." But many other rats are not faring as well, said Corrigan, who works as a consultant for several city health departments and businesses, such as airports and shopping malls.”

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Japan Says Goodbye to Chinese Globalism By James Reed

     Globalism has always, at least in the late part of the 20th century been about Asianisation, mainly dominance by China. We have seen this in Australia, with first the propaganda machine getting going once multiculturalism had broken the back of Anglo-Australia, then with the Asianisation part of Asia ideology, then open endorsement of being a colony of China, prelude to total replacement. But, Japan is not going to way of cucked pseudo nations, and proudly is returning to nationalism:
  https://www.scmp.com/news/asia/east-asia/article/3079126/japan-pay-firms-leave-china-relocate-production-elsewhere-part

“Japan has earmarked US$2.2 billion of its record economic stimulus packageto help its manufacturers shift production out of China, as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen (US$2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online. The move coincides with what should have been a celebration of friendlier ties between the two countries. Chinese President Xi Jinping was supposed to be on a state visit to Japan early this month. But what would have been the first visit of its sort in a decade was postponed a month ago amid the spread of the novel coronavirus and no new date has been set. China is Japan’s biggest trading partner under normal circumstances, but imports from China slumped by almost half in February as the disease closed factories, in turn starving Japanese manufacturers of necessary components. That has renewed talk of Japanese firms reducing their reliance on China as a manufacturing base. The government’s panel on future investment last month discussed the need for manufacturing of high-added value products to be shifted back to Japan, and for production of other goods to be diversified across Southeast Asia.”

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Here Comes a “Mandatory, Lucrative Vaccine” Medical Martial Law By Chris Knight

     Look, this is material from a mainstream publication, The Washington Times, not alternative media. Read this and be afraid, very afraid, then get ready, for the men in black are coming for us all, in the world of medical martial law. And, the title of this article is paraphrased directly from the title, so, go figure.
  https://www.washingtontimes.com/news/2020/apr/8/anthony-fauci-sets-stage-mandatory-vaccine/

“Anthony Fauci, America’s most-listened-to medical professional on the coronavirus, and apparently on all the political, economic, cultural and social precautions every man, woman and child in the nation should take on the coronavirus, has just warned what cooler-head coronavirus watchers have suspected all along: that this country may never, no never, go back to normal. Never, that is, Fauci suggested, until a vaccine is developed. And by logical extension, that’s to say — never, until a vaccine is developed that must then be included on the required list of shots for all children to attend school. What great news for Big Pharma. What great news for Bill Gates who just announced his foundation is going to spend billions of dollars to help build factories for seven possible coronavirus vaccine makers. “Spend” is probably the wrong word here. Invest is more like it. After all, Gates, first and foremost, is a businessman. A billionaire businessman who made his billions in Microsoft and who just left his billion-dollar Microsoft enterprise to pursue other matters — specifically, to “serve humanity,” is how the Economic Times put it, in a March headline. For a taste of how he’s already served humanity, one need only look to the disastrous Common Core one-size-fits-all, top-down education plan that his foundation bankrolled. From education to vaccinations — the service to humanity never ends. But this is what Fauci just warned, at a White House briefing with reporters: “When we get back to normal, we will go back to the point where we can function as a society. But … [i]f you want to get back to pre-coronavirus, that might not ever happen in the sense that the threat is there. But I believe that with the therapies that will be coming online, and the fact that I feel confident that over a period of time we will get a good vaccine, that we will never have to get back to where we are right now.” He also said this: “If back to normal means acting like there never was a coronavirus problem, I don’t think that’s going to happen until we do have a situation where you can completely protect the population.”

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Suing China? Try it and See How Fast it Will Fail By Ian Wilson LL. B

     I always find it amusing when lawyers think that super-entities such a China can be reigned in by legal action. But, that is what an eager team of US lawyers think, God bless them, because they will need all the help they can get from transcendental powers:
  https://gen.medium.com/these-attorneys-would-love-to-help-you-sue-china-over-the-coronavirus-3a7c5f61e86c

“March 13, the Berman Law Group, a firm based in Boca Raton, Florida, filed a class-action lawsuit in federal court against the People’s Republic of China, along with several government ministries and other authorities, for its mishandling of the Covid-19 crisis. As the complaint alleges, the defendants, “acting from their own economic self-interest … failed to report the outbreak as quickly as they could have; underreported cases; and failed to contain the outbreak despite knowing the seriousness of the situation.” The original complaint named just four individual plaintiffs and a local company, an athletic training facility — none of whom had contracted the illness. But the filing made national headlines, and prompted a flood of calls — nearly 10,000 at last count — by additional plaintiffs, many of whom, like the Vecchiarellos, have been impacted more directly by the virus. An amended complaint, lead attorney Matthew Moore promises, will cover much larger classes and subclasses of plaintiffs.

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‘F-You, Main Street!’ Federal Reserve will now buy junk bonds while it bails out banks and billionaires

     …During the Fleecing of America Part I: The Great Financial Crisis, we were promised this would never happen again. Everything was "fixed.” Yeah, it was fixed all right. It was rigged by a system that is based on fraud, accountable to no-one and is systemically rotten to the core. In 2009, the Federal Reserve's rhetoric was: these bailouts are extraordinary “temporary emergency measures,” and we will “fix” regulations, increase interest rates and shrink our $5 trillion balance sheet. Did it ever happen? Nope, it was all lies. To hide their ineptitude, the central banks are now using Covid-19 to cover their decades of reckless policies that caused crisis after crisis, with the amounts staggeringly more massive each time. All the “too big to fail” companies need to be dismantled, and the Fed needs to be audited and shuttered. Executives at firms that receive bailouts need to have their bonuses, stock, stock options and a big chunk of their pay clawed back. As for oligarchs like Fink, he needs to be dethroned and his casino cut down to size, rather than be given multi-trillions in assets to manage for the Fed. These bailouts are plunder on a massive scale, enabled by Washington DC’s political class. This is not capitalism or democracy; it is a modified oligarchy.

  Full Article:  https://www.rt.com/op-ed/485497-federal-reserve-junk-bonds/

US Banks Reportedly Set to Seize Oil and Gas Assets Fearing Energy Firms Bankruptcy

     The energy sector has been suffering from a massive drop in oil prices caused by excessive supply amid the coronavirus pandemic and the curtailment of economic activity around the world. Some US oil producers have already been forced to file for bankruptcy due to skyrocketing debts. Several US banks, including JPMorgan Chase & Co, Wells Fargo & Co and Bank of America Corp, are currently in the process of setting up independent structures to become operators of oil and gas fields across the United States, Reuters reported citing three anonymous sources familiar with the matter. The move, which is believed to be unprecedented since the late 1980s, is aimed at avoiding loses on energy assets as many of the banks’ lenders are concerned about bankruptcy as demand for oil has dropped sharply. The banks have not yet commented on the reported plans, and they would also be required to obtain regulatory waivers from the US government to follow through on the proposals. It is believed that independent companies, that can be set up by banks in the course of several months, will help them to retain energy assets from bankrupt companies in a time frame of a year and then sell them at a higher price when the oil sector bounces back. The banks have also been reportedly looking for top managers from the field, including former executives, to head up the soon-to-be established structures, the outlet reported. On 1 April, Colorado-based Whiting Petroleum Corp became the first producer to file for bankruptcy, while some other corporations, including Denbury Resources Inc, have been reportedly communicating with debt advisers. More than $200 billion in loans are estimated to be owed by US energy producers to their lenders. Oil and gas companies have been suffering from plunging energy prices and decreasing global demand amid the ongoing coronavirus pandemic which has resulted in reduced economic activity globally.

  Full Article:  https://sputniknews.com/us/202004111078921684-us-banks-reportedly-set-to-seize-oil-and-gas-assets-fearing-energy-firms-bankruptcy/

From NaturalNews: Massive fraud alert: Coronavirus “recovery” bill gives Fed control over $450 billion in SECRET — who’s going to get this money?

(Natural News) In their rush to “do something” to help Americans harmed economically by the coronavirus pandemic, which led most state governors and mayors to issue ‘stay-at-home’ orders and to shutter businesses deemed “non-essential,” Congress has once again passed a gigantic spending bill that is long on spending money we don’t have but short on oversight. As reported by POLITICO, one little-noticed provision in the recently passed $2.2 trillion CARES Act provides the Federal Reserve with a nice pile of money — $450 billion to be specific — that it can do with what it pleases, basically, as long as it is called ‘relief.’ Not only that, but the Fed will be able to ‘manage’ these funds with far less oversight, meaning that it is essentially a secret slush fund that Fed board governors can do with as they please.

  Full Article:  https://www.naturalnews.com/2020-04-11-massive-fraud-alert-coronavirus-recovery-bill-fed-secret-control.html

Russia and Saudis Will Cut Oil if the US Will, But the US Can't, So No One Will, and US Shale Will be Crushed

     Today there is a meeting by video of the OPEC states and Russia. Tomorrow the energy ministers of all G-20 states will likewise meet. Their discussions will be about the sinking global oil price caused by a lack of demand due to the novel coronavirus pandemic and record oil output from Saudi Arabia and Russia. 'Western' media have been optimistic that an agreement will be found: The Organization of the Petroleum Exporting Countries and other producers including Russia, a group known as OPEC+, are expected to discuss record cuts equivalent to 10% to 15% of global supplies, although demand has plunged by up to 30%. It is unlikely that OPEC will agree on any cut unless the U.S. and other large producers join the deal. The U.S. is, for now, unlikely to do that.

  Full Article:  https://russia-insider.com/en/russia-and-saudis-will-cut-oil-if-us-will-us-cant-so-no-one-will-and-us-shale-will-be-crushed

Here Comes the Real Crash By John Steele

     This non-white guy is one of my favourite YouTubers, laying it straight about the coming economic crash. The present band aid Keynesian injection of money and socialist handouts will hold back the wolves of economic breakdown for only a little while, but despite of the best efforts, people will end up breaking lockdown, so it will go on until June, when the Great Depression 2.0 will be here. All explained better than I can is Canadian prepper:
  https://www.youtube.com/watch?v=Dk49hlQfmhw
  https://www.youtube.com/watch?v=vXWwSCifSJ4

     Just ask Bill Gates why he has so many survival shelters:
  https://www.youtube.com/watch?v=qw1uB_q9Uw0
  https://steemit.com/politics/@omarbitcoinking/bill-gates-builds-nuclear-bunker-tells-staff-to-leave-the-country

The Pandemic Panic and Immigration Propaganda By Chris Knight

    Just like the move to keep up gun banning, during these crazy times, the immigration lobby here in the US have not stopped, and are using the coronavirus crisis as a tool for their immigration agenda. The arguments are comic, if the issue was not so deadly:
  https://www.breitbart.com/politics/2020/04/08/progressives-employers-claim-daca-migrants-are-crucial-for-fighting-coronavirus/

“Pro-migration advocates say the nation will lose up to 200,000 crucial workers in the coronavirus fight if President Donald Trump does not reverse his opposition to the 2012 Deferred Amnesty for Childhood Arrivals (DACA) amnesty given to roughly 750,000 younger illegals. But the dramatic claim is undermined by rival studies that show few DACA migrants work in the healthcare sector and that many more American healthcare professionals can be pulled off the sidelines to help suppress the dangerous epidemic. “DACA recipients simply do not comprise large a share of workers, and that is certainly true in a huge sector of the economy like health care,” says an April 7 study by the Center for Immigration Studies. “The best augment for legalizing DACA recipients is that they came [to the United States] at young ages, not that they play a big role in fighting the epidemic,” author Steve Camarota wrote to Breitbart News. U.S. healthcare employers are disregarding many sidelined American professionals and qualified legal immigrants who can be mobilized in an emergency, according to an April 2020 report by a pro-migration group, the Migration Policy Institute:

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Now Why Would Old George’s Funded Group Want to Do That? By Chris Knight

     There is no doubt about it, the globalists are romping ahead with their agenda. Tell me why anyone concerned about preserving social order would want to empty prisons, a pet thing of the Left, who want the coloured prison class to turn on the capitalists, and the normies, hence bringing the glorious Marxist revolution, and power of life and death, supposedly  to them:
  https://www.breitbart.com/national-security/2020/04/07/george-soros-funded-group-to-governors-release-as-many-prisoners-as-possible/

“The Brennan Center for Justice, which is heavily financed by George Soros, has submitted a letter to the governors of all fifty states urging them to use executive action to “release as many people as possible from incarceration” due to coronavirus fears “provided they do not pose serious public safety threats.” The letter cited concern that the U.S. prison population could face greater risk of illness and death than the general public due to the Chinese coronavirus pandemic. nnan Center for Justice, located at NYU School of Law, is heavily financed by Soros’s Open Society Foundations and is the recipient of numerous Open Society grants. While the Brennan Center’s recommendations for clemency and sentence reduction are expansive, the progressive group is not alone in advocating for such reprieve. Advocates, criminal attorneys and family members of those incarcerated have urged the harder hit states to release older prisoners and those who at higher risk for coronavirus complications due to underlying health conditions. California already began fast tracking the release of about 3,500 inmates serving sentences for nonviolent crimes and who are also due to be paroled within 60 days. The New York Post reported that thousands of state and federal inmates are using coronavirus fears to push for early release, with their attorneys citing underlying health conditions. “Everyone from killers, drug traffickers and gang members to mobsters, fraudsters and accused rapists are making a bid to get out of the clink,” the New York Post reported. U.S. Attorney General William Barr expedited a directive to release certain inmates to home confinement if they are at high risk for coronavirus, with focus on federal inmates in Connecticut, Louisiana and Ohio. Eligibility under Barr’s directive would be determined by age, vulnerability to coronavirus, prison conduct, whether they have a re-entry plan and whether the inmates would be a danger to their communities.

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The Virtual End of Globalisation! Ha! Ha! Told You So, New Class Elites! By James Reed

     Greg Sheridan, who by his photo appears to have eternal youth, has lost faith in globalisation, previously losing faith in multiculturalism.  Well, the disease critique of globalism was made by various writers over the past 20 years or more (Garrett Hardin etc., The Social Contract guys etc.), so the arguments have been out there for a long time, and until now, ignored by the chattering class. Anyway, welcome aboard Greg, to the good ship, nationalism. I hope you don’t mind my smell, I don’t wash too much being dirt poor from globalisation, but we are now all in the life boats together, so let’s cuddle up against the coming winter chill of converging catastrophes, detailed by the late Guillaume Faye (1949-2019) in his book, Convergence of Catastrophes:
  https://www.amazon.com/Convergence-Catastrophes-Guillaume-Faye/dp/1907166467

“The thesis of this book is a terrifying one: our present global civilisation will collapse within twenty years, and it is too late to stop it. We shall regress to a 'New Middle Ages' akin to the fall of the Roman Empire, only much more destructive. For the first time in the whole of human history, certain 'dramatic lines', giant crises and catastrophes of immense proportions - already tangible - have emerged. They are converging and will most likely reach their zenith by 2020. Up to that time, as we have already been witnessing, their effects will continue to get worse, until a breaking point is reached. Guillaume Faye rigorously examines these escalating crises one by one: environmental damage and climate change; the breakdown of a speculative and debt-ridden globalist economy; the return of global epidemics; the depletion of fossil fuels and of agricultural and fishing resources; the rise of mass immigration, terrorism and nuclear proliferation; the worsening of the rupture between Islam and the West; and the dramatic explosion of a population of the elderly in the wealthy countries - all of it leading to an unprecedented worldwide economic recession, an increase in localised and possibly large-scale armed conflicts...and perhaps worse. Still, Faye reminds us, we should not give in to pessimism: what we are experiencing is not an apocalypse, but a metamorphosis of humanity. We might have reached the end of what the Hindu traditions refer to as the Kali Yuga, the 'age of iron' marked by materialism and selfishness, but those who survive the catastrophe and chaos will perhaps build a new and better humanity.”

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Treating Us Like Cattle … What Next? By James Reed

     This first happened in the US, and is here now in Oz I believe. I will check this out a bit later and correct the article if necessary, but a security bloke with a huge gut told me that this was coming when I was in the supermarket on Friday. (Yes, just got back to the computer from both supermarkets, and there are barricades of goods at the front blocking the entrance in part. Will there be barbed wire used in the future, or is this just paranoid delusions on my part?)  It is only a matter of time before shopping becomes impossible, due to supply lines running out, and one has to live on Mars Bars from vending machines, which seem to be infinite, so I guess we won’t starve. Oh well, death by diabetes is better than being shot, which is occurring in some parts of the world, like the heaven of diversity, South Africa:
  https://www.bbc.com/news/world-africa-52125713

“The police and army have, at times, acted with thuggish abandon in their attempts to enforce the three-week-long lockdown, humiliating, beating, and even shooting civilians on the streets of the commercial capital, Johannesburg, and elsewhere. There has been confusion about some of the regulations, clumsy messaging and U-turns from some of the country's less impressive ministers. Above all, there has been the struggle to impose social distancing and effective hygiene in South Africa's poorest, most crowded neighbourhoods, where many fear the virus could yet wreak havoc.”

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Mindless Globalism By James Reed

      What a sucker, deracinated cucked philosophy neo-liberalist globalism is, and the coronavirus pandemic has certainly shown that. Thus, mad globalist, and false nationalist, Trump, knew that there was a problem, when China began locking itself down, but he still did not close the border, being a mad globalist pro-immigration fanatic, just like the Democrats, - witness his kowtowing speech to India. It would have been possible to avoid the economic pain that is coming if cuck Trump could have had some nationalistic manhood and did what the Chinese did. Instead, he still kept open borders with China, until it was too late, consequently economically dooming the US economy, and the rest of the West, including Australia:
  https://www.zerohedge.com/geopolitical/half-million-chinese-people-entered-america-height-covid-19-outbreak
  https://summit.news/2020/04/03/half-a-million-chinese-people-entered-america-at-the-height-of-the-coronavirus-outbreak/

“Around half a million Chinese people, some of them infected with coronavirus, entered America from December to February at the height of the COVID-19 outbreak, new figures show. The numbers, which were obtained from Commerce Department and U.S. Customs and Border Protection records, were compiled by ABC News. They show that in the three-month period when coronavirus was raging across China, 759,493 people entered the U.S. from China. This number included 228,000 Americans who were returning home, meaning that roughly half a million were Chinese citizens or people living in China who were visiting the U.S. for tourism, business or to see family. This number of people were pouring into the U.S. while the World Health Organization was simultaneously insisting that no country should enforce any kind of border controls to stop the spread of the virus. President Donald Trump restricted travel from China from February 2nd onwards, but that was too little too late because the outbreak (which was subsequently covered up by China for two months) had started in Wuhan in November, according to Johns Hopkins University. According to Dr. Vinayak Kumar, an internal medicine resident at the Mayo Clinic, out of the total figure arriving in the U.S. from China, “a large number might have been infected at the time of travel.” The numbers illustrate “how globalized our world has become,” he added. However, infectious disease specialist Dr. Simone Wildes suggested that the virus outbreak was the price of globalization and that Americans would just have to get used to it. “It shows that globalization is here, and we have to be better prepared to deal with the impact this will have on all our lives in so many ways,” he said. The data also shows that “From December, January and February on travelers entering the U.S. from eight of the hardest-hit countries: 343,402 arrived from Italy, 418,848 from Spain and about 1.9 million more came from Britain.”

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Lambie calls for virtual Parliament By Max Koslowski

     Independent senator Jacqui Lambie has called for a virtual Parliament to maintain oversight as the government looks to pass its $130 billion JobKeeper package on Wednesday. "You can't tell me in the 21st century that cannot be done," the Tasmanian senator told Fran Kelly on Radio National this morning. The Parliament practicing social distancing on Monday March 23. One third of Parliament will return to Canberra on Wednesday to pass the JobKeeper scheme, some being flown in on RAAF aircraft. Attorney-General and leader of the House of Representatives Christian Porter has said he would recall Parliament as needed while the pandemic raged on. However, the decision to dismiss Parliament in the first place has been criticised. Labor leader Anthony Albanese has said he disagrees with the decision, particularly given other parliaments across the world are continuing to sit. "We're a democracy. And in a democracy, you don't suspend it," he told News Breakfast. "It wasn't suspended during the Spanish flu, or World War I or World War II." Also speaking on News Breakfast this morning, Finance Minister Mathias Cormann said there were "logistical" issues with Parliament continuing to sit, notably state border closures. "We do have an exemption in order to be able to get here, but we shouldn't really be stretching that beyond what is necessary," he said. "Because in the end, we're asking everybody to stay at home and to stop, sort of, moving around the countryside. We should really, as members of Parliament, try to stick to that as best we can, and keep our movements, our own movements, to a minimum as well." with Mary Ward

Billy Gates Lets it Slip By Peter Ewer

     We are all speculating regarding the present coronavirus freak-out, about what comes next. What is the less-than-hidden agenda, which must be bad and New Wold Orderly. Bill at the Gates may be able to help us here:
  https://off-guardian.org/2020/04/04/did-bill-gates-just-reveal-the-reason-behind-the-lock-downs/

“On March 24 Bill Gates gave a highly revelatory 50-minute interview (above) to Chris Anderson. Anderson is the Curator of TED, the non-profit that runs the TED Talks. Anderson asked Gates at 3:49 in the video of the interview – which is quickly climbing to three million views – about a ‘Perspective’ article by Gates that was published February 28 in the New England Journal of Medicine. “You wrote that this could be the once-in-a-century pandemic that people have been fearing. Is that how you think of it, still?” queried Anderson. “Well, it’s awful to say this but, we could have a respiratory virus whose case fatality rate was even higher. If this was something like smallpox, that kills 30 percent of people. So, this is horrific,” responded Gates. “But, in fact, most people even who get the COVID disease are able to survive. So. in that, it’s quite infectious – way more infectious than MERS [Middle East Respiratory Syndrome] or SARS [Severe Acute Respiratory Syndrome] were. [But] it’s not as fatal as they were. And yet the disruption we’re seeing in order to knock it down is really completely unprecedented.” Gates reiterates the dire consequences for the global economy later in the interview. “We need a clear message about that,” Gates said starting at 26:52. “It is really tragic that the economic effects of this are very dramatic. I mean, nothing like this has ever happened to the economy in our lifetimes. But … bringing the economy back and doing [sic] money, that’s more of a reversible thing than bringing people back to life. So we’re going to take the pain in the economic dimension, huge pain, in order to minimize the pain in disease and death dimension.” Right after that, at 34:14, Gates talked about how he sees things rolling out from there. “Eventually what we’ll

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Where Has All of this Money Come From? Where Will it Go? By James Reed

     This is quoted from Rite-On as at March 19,  2020, and   no doubt there have been a  few increases since that date. Question:  where did the money come from?  Did they borrow from the World bank; the IMF or other Banks?  Which of these or any other sources had such amounts available?  Can anyone help? Or is it all going to be just put on the tab, of endless growing debt?  The economic impact as at 19 March 2020 in USD;

•    The United States, announced a $1 trillion economic package that will include $500 billion in direct payments to taxpayers. The U.S. is also planning $500 billion in loans for businesses. The Federal Reserve announced it will create an emergency lending facility to help the country’s short-term credit market.
•    Canada will spend an initial $18.6 billion in support to families and businesses affected by the outbreak. The country also pledged about $37 billion in tax deferrals to help Canadians and businesses survive the economic trouble.
•    The European Union said it would use up to $41 billion for measures to counteract the economic consequences of the coronavirus crisis. Meanwhile, the European Central Bank announced it will buy up to $830 billion government and corporate bonds and other assets in a bid to calm the continent’s financial markets.
•    In the United Kingdom, the government announced $398 billion for loans and guarantees. Smaller businesses will be granted access to cash grants of more than $28,000 to tackle the coronavirus pandemic.
•    German Chancellor Angela Merkel announced that her country is facing the worst crisis since the end of World War II and said her government will do “whatever it takes” to keep its businesses afloat. The country pledged unlimited cash to businesses hit by the crisis.
•    In France, a country severely affected by the coronavirus outbreak, lawmakers pledged around $50 billion in immediate aid for businesses and employees hit by the pandemic which is expected to shrink the French gross domestic product by 1% in 2020.
•    In Austria, the government announced it will spend up to $42 billion to secure jobs and support businesses. The government will provide up to $10 billion in guarantees and warranties, more than $16 billion in emergency aid and more than $10 billion in tax deferrals.
•    Spain said it will support its economy with a 200 billion euro (about $219 billion) aid package. The country will pay benefits to workers temporarily laid off and will suspend mortgage payments for those affected by the crisis.
•    The Netherlands will provide up to $22 billion to businesses as part of an emergency package in an effort to help workers and lower the impact of the COVID-19 crisis.
•    Italy, the country most severely affected by the coronavirus pandemic in Europe so far, has adopted an emergency plan of $28 billion to support its economy. The measure is necessary in order to soften the blow taken by a society forced to shut down in a national quarantine.
•    Portugal will also spend $10 billion on an emergency package. About $5.6 billion will be used as fiscal stimulus, $3.2 billion for state-backed credit guarantees and about $1 billion for social security payments.
•    Norway will offer companies at least $9.7 billion in funding in order to guarantee loans and bond issues to support business and the economy. Also, payments of payroll taxes can be postponed.
•    While no specific measures have yet been announced for Ireland, the country pledged more than $3 billion earlier this month to fight against the health crisis and support sick pay and business affected by COVID-19.
•    Sweden also launched a coronavirus crisis package of more than $30 billion. The country is looking at paying for sick leave through the months of April and May and supporting the cost for temporary redundancies during the crisis.
•    Denmark also released $30 billion for banks to lend to businesses during the pandemic.
•    Australia’s government announced it is lowering interest rates while also injecting about $56 billion (this has since been increased)  into the economy, Reuters reported.
•    In Japan, the government passed a $10 billion package earlier in March for small and medium-sized businesses, as well as self-employed workers affected by the coronavirus. The government on Thursday formed a panel of ministers to examine a broader package to help the economy.

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The Welfare State Set to Topple By Brian Simpson

     With all of this free communist welfare money being splashed around like there is no tomorrow, where will this lead? Why the collapse of the welfare state, naturally, with Finland being one of the early cabs off the ranks:
  https://www.bloomberg.com/news/articles/2020-04-02/finland-is-told-its-welfare-state-can-t-cope-with-virus-fallout

“One of the world’s best-funded welfare states is starting to crack as the fallout of the coronavirus triggers mass unemployment. Finland’s system of jobless benefits can’t cope with the sudden surge in demand, the country’s biggest unemployment fund, YTK, said. There are more than 300,000 Finns who suddenly find themselves without work, either through temporary layoffs or outright job cuts. A large chunk of them may have to wait until next year to get their first benefit payment, YTK said. Money’s not the problem, Managing Director Sanna Alamaki said in letters to members sent through April 1. It’s “that the benefit applications can’t be processed and, consequently, money can’t be paid out quickly enough,” she said. YTK is expecting “a flood” of more than 100,000 applications through April. That’s double the number it would process during an average year. Even if it triples staff, people would still face a three-month wait for their jobless benefit, YTK said. That exceeds the legal limit of 30 days. Finns, along with their Nordic neighbors, rely on a generous welfare system to ensure that those who drop off payrolls still get some form of monthly support. When that safety net starts to crack, it risks upending the social model that underpins the high levels of trust in government typical to the Nordics. The fund, which represents 20% of wage earners in Finland, called on the government to help, and asked that it provide subsidies to companies laying off workers so that they still get paid through the payroll. In a letter to members, the fund said more than 270,000 members are at risk of losing their jobs. That compares with the 187,000 people who were unemployed in February, according to official statistics.”

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Price Gouging is Just the Beginning By James Reed

     I was in my friendly neighbourhood supermarket, where a guy older than me, probably from WWII, lost it, being upset by regulations. “Why did I fight for this country?” he lamented, not being able to get all of his goods, and having to pack stuff, and numerous other pointless things. I said to him that it was not the staff’s fault that this was happening and that we little people are all victims. And, down the track supermarkets will probably close, so people will face mass starvation. Maybe before then we will not be even able to pay for food:
  https://au.finance.yahoo.com/amphtml/news/supermarket-price-rises-003401768.html

“Shoppers have accused Coles and Woolworths of “price gouging” even as supermarket shelves are being emptied by shoppers panic-buying amid fears of a looming shutdown and tens of thousands of job losses. Disgruntled shoppers on the hunt for supermarket essentials took to social media in order to air their frustrations about high prices and missing specials. “Why are there no specials in your stores at the moment - normally aisles are full of special offers but nothing- is this not price gouging while people are struggling with making ends meet?” posted one user about Coles. Another posted a photo of broccoli advertised for $11.50 per kilo. Broccoli is typically priced around $5 per kilo. Some users said they paid $5 for half a head of cauliflower, and others said they saw lettuce going for up to $8 a head. Another also said Coles’ prices were not only high, but stock was low, and asked what supermarkets were doing to help the country. The lack of specials did not go unnoticed by shoppers, with one saying there was “not one special on the shelves” and accused Woolworths of “profiteering”. A spokesperson for Woolworths said that there were multiple factors behind the price rise of produce, such as the drought and bushfire seasons impacting supply. “Due to pressures throughout the horticultural supply chain caused by drought, unseasonal weather and an unprecedented spike in demand, we're currently seeing an impact on the availability of some fresh fruit and vegetable lines,” the spokesperson said. “This has led to higher wholesale costs for some fruit and vegetable lines across the market and we're working closely with our growers to help manage this as best we can. “We understand the uncertainty facing households right now and remain focused on offering quality Australian grown food to our customers at competitive prices.” A Coles spokesperson told Yahoo Finance that the drought had hit Australian producers hard. “We are seeing upward price pressures across many agricultural categories as a result of the sustained drought across many of our producing regions. “In the case of produce, much of what our hard-working supplier partners are harvesting now was planted during tough drought conditions,” the spokesperson said. This is particularly true of vegetables such as leafy greens, broccoli, beans and corn. Meanwhile, “extreme hot weather” during Christmas and January saw the volume of tomatoes, capsicums and cucumbers impacted. “Our suppliers are enjoying more favourable growing conditions over recent weeks and we are confident that vegetable volumes will improve.”

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Mortgage or Death Age By James Reed

     The French word for “dead” is “mort,” and it is no surprise that our English word “mortgage” also has the connotations of death built into it. This is the field where we conspiracy theorists belong, not contesting biochemistry and things we failed at high school science. To my mind it does not matter what the causes of the present so-called pandemic pandemonium are, bioweapon, natural evolution of nasty bugs, 5 G or whatever. I am agnostic about the biology and causation. But not so the economic effects, which are real. For the US, a mortgage crisis is underway, and this alone could ring in another GFC, not KFC, apart from every other economic mystery and misery:
  https://www.zerohedge.com/economics/here-comes-next-crisis-30-all-mortgages-will-default-biggest-wave-delinquencies-history

“Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic. And unfortunately this time the crisis will be far worse, because as Bloomberg reports mortgage lenders are preparing for the biggest wave of delinquencies in history. And unless the plan to buy time works - and as we reported earlier there is a distinct possibility the Treasury's plan to provide much needed liquidity to America's small businesses may be on the verge of collapse - an even worse crisis may be coming: mass foreclosures and mortgage market mayhem. Borrowers who lost income from the coronavirus, which is already a skyrocketing number as the 10 million new jobless claims in the past two weeks attests, can ask to skip payments for as many as 180 days at a time on federally backed mortgages, and avoid penalties and a hit to their credit scores. But as Bloomberg notes, it’s not a payment holiday and eventually homeowners they’ll have to make it all up. According to estimates by Moody's Analytics chief economist Mark Zandi, as many as 30% of Americans with home loans – about 15 million households – could stop paying if the U.S. economy remains closed through the summer or beyond.

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