by Brandon Smith, Alt Market:
Last week the Federal Reserve released a report predicting that the next print on GDP numbers will likely show a loss 34.9% in the second quarter. This is the biggest GDP plunge since the Great Depression; even the crash of 2008 doesn’t compare. And when we take into account the fact that the Fed artificially boosts GDP calculations by adding in many non-productive government programs, we have to ask, what are the REAL losses above and beyond what the Fed admits to?
With the supply chain in disarray, many companies (like Apple) are trying to shift their manufacturing base to dodge the pandemic. Of course, none of them want to bring factories back to the US; there’s simply no incentive to do so. And, the small business sector has been crushed by the shutdowns, with the vast majority of those seeking bailout loans still waiting for aid and over 20.5 million employees laid off in April alone.
Needless to say, the economy has been severely affected. The problem is that many people are being led to believe that this event has been triggered by the virus outbreak alone. This is a lie. As I noted back in February in my article ‘Global Centralization Is The Cause Of The Crisis – Not The Cure’, the collapse of the Everything Bubble was well underway long before the pandemic. The crash was started by the Federal Reserve hiking rates into economic weakness at the end of 2018, puncturing the bubble and setting the liquidity crisis in motion.
The pandemic is just the icing on the cake of a collapse that was going to happen anyway. It is also a convenient scapegoat, because now the banking elites are going to escape all the blame for the crash and the public is going to hyperfocus on the coronavirus as the culprit.
As I also warned would happen over the past few months, the Chinese government has been caught in numerous lies surrounding their response to the outbreak, including hiding the true numbers of dead and infected and suppressing information to the rest of the world on the danger of human-to-human transmission. The problem that the public is still not being told about, however, is that the Chinese did not act alone, they had help.
It takes two sides to do the pandemic tango – If air travel had been cut off from China immediately upon the confirmation of the virus spread until the danger could be assessed, the outbreak may have never carried beyond China’s borders. Yet this did not happen. Air travel remained open for weeks from China after the outbreak confirmation. Then, when the virus hit Italy hard, air travel continued from Europe to the US unabated. It was almost as if the establishment WANTED the virus to spread quickly…
I remember some of the idiotic sentiments being passed around in web forums back in January and February. Some people argued that the virus “only infects Asians”. Some people said sarcastically “Oh no, whatever will we do without our new i-Phones…!”. And, yet others, including the Trump Administration, argued that the US economy would escape any real harm.
Well, we are a few months into the outbreak and now the US has the largest number of infections in the world. US deaths are already almost triple that of the CDC’s yearly reported 30,000 deaths for the flu. The virus is no Black Plague, but it’s not something to be shrugged off either. If this virus behaves anything like the pandemics of the past, expect it to linger for a couple of years, not just a few months. The lockdowns actually guarantee that this situation will drag on for quite some time.
Apple i-Phone sales have crashed 77% in April, right along with almost every other sector of the economy. Clearly, the Trump Administration and Larry Kudlow were either lying to us in February, or they had no idea what they were talking about.
Despite the current reopening hype, the situation is only going to get worse from here on out. Certainly in terms of the economy, but also in terms of the outbreak. The globalists have openly discussed their plans for this pandemic, including a minimum 18 month period of lockdowns and “reopenings”. The public seems to be oblivious to the fact that the plan is for a “1 month open, 2 months closed” cycle going into next year. That’s right, the lockdowns will return.
Certain globalists have slithered out of the swamp to the forefront of media attention recently, and it is interesting to see how transparent the narrative has become. As I have predicted time and time again, during the collapse the very people that helped create the crisis are now suddenly being put on a pedestal by the media as our saviors and some are being presented as “rebels” on the side of conservatives. Here are just a few global elites that have been specifically prominent during this disaster.
Wow, I’m getting incredibly sick of seeing Bill Gates presented in the media lately as some kind of virology guru. Why should we take the advice of a computer programmer on issues of biology and sociopolitical response? Why should we take the advice of an open globalist with an admitted agenda of population control?
Bill Gates is notorious for letting his agendas slip in public forums such as his Ted Talks. In 2010 Gates called for carbon emissions to be reduced to zero (an impossibility without complete de-industrialization and the economic murder of billions of people). In the same talk, he hinted that methods to reduce the population could include “new vaccines and reproductive health services…” He did not elaborate at the time, except to claim that vaccines would lead to “social changes” that would reduce population. Aren’t vaccines supposed to extend people’s lives, thus increasing the population?
We do know that Bill Gates has funded numerous experimental vaccine trials through the World Health Organization, including Polio vaccination programs. It was these same programs that led to viral outbreaks of polio in various countries and hundreds of paralyzed children. In fact, the vaccines caused more cases of polio than the wild-type virus. This if VERIFIED FACT, admitted by the WHO, though numerous leftist media sources have tried to deny it.
At most, the WHO and Gates can claim that the infections were “accidental”. But if this is the case, it would still suggest that vaccines developed by Gates Foundation programs and the WHO should not be trusted. Given Gates’ obsession with depopulation, I think it safer to not allow him to inject viruses (living or dead) into people.
The Gates Foundation was also central in Event 201, a pandemic exercise which “simulated” a coronavirus outbreak and the government and UN response. This exercise took place only a couple of months before the real thing happened. What an incredible coincidence. It is also an incredible coincidence that almost every solution presented in the simulation is now being implemented or suggested around the world during the real pandemic, including the use of tracking apps and immunity passports that violate every level of personal freedom we know.
Gates is not a hero, far from it. In fact, Gates and his ideology benefit greatly from the pandemic.
A dedicated globalist, El-Erian has been everywhere in the economic media lately. As I examined in my Globalist Disinformation Spotlight article, El-Erian is an active promoter of a global currency under the control of the IMF though its Special Drawing Rights basket. He also argued last year that economic swings were “out of the control of central banks” and that they should not be blamed for any financial disruptions. At the same time, El-Erian claimed that the US economy was “strong” and that there was no chance of recession in 2020.