Economic Doom Due to the Covid Response Is on the Horizon and Beyond

LewRockwell.com

Covid-19 as it is called, was invented for many reasons, none of which are more evident than as cover for the coming economic collapse. Long before the fake pandemic, that collapse was already imminent, but now it can take place in plain sight, as the eyes of the masses will remain blind to the truth. The planned global reset is in the works, and in order to accomplish such a task as this, the current economic system will have to be eliminated in favor of a digitized system designed for total control over the current monetary order and the people themselves. This dystopian nightmare is well underway, but the American people are not prepared for the destruction of the economy at every level from money to food. What is coming is an economic nightmare.

Forgetting for a moment all that is to come this fall and spring, and after, just try concentrating on how devastating this government response to this manufactured pandemic has been to date. That alone should send chills up the spine of any paying attention to what is happening and will happen to this economy. There is no need to go into the vast complexities of economic theory to see the imminent risk we face. Just six months ago, lockdowns and isolation began in earnest. Initially, what were falsely called “non-essential’ businesses were shut down, and all employees were sent home and told that they could not work to sustain themselves. This was a large swath of the American workforce, and as private businesses, mostly small and medium sized businesses were forcibly closed due to orders from a handful of politicians, people began to suffer. In response, the Trump administration decided to give everyone a one-time ‘free’ check and a period of extra unemployment pay, which should have been an insult to any able to think and function normally. Sadly, it was accepted by most, and thought of as some sort of benevolent gesture by government, when in essence, it was money stolen from the people, and then a small portion given back to them to appease their discontent.

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Sex, Drugs & Rock ‘n’ Roll

International Man

The baby-boomer generation were perhaps the most privileged generation that the US has ever spawned. Their fathers returned from World War II, eager to get married, buy a house and start a family. The economy was booming, as, during the early years of the war, the US wisely stayed out, but provided tanks, helmets and even toothbrushes to those who were directly involved in the fray. What’s more, they didn’t accept pound notes or francs; they accepted only gold. So, at the end of the war, when the manufacturing cities of Europe had been destroyed by bombs, the male populations decimated and the governments broke, the US was on a roll. They had most of the world’s gold and had first-rate manufacturing facilities that only had to switch from making jeeps and rifles to making cars and televisions. That wave of wealth allowed the young married couples to spoil their children with whatever they wanted.

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Mass Distraction And Fake “V-Shaped” Recovery Provide Cover For The Fed Induced Crash

Alt-Market

The scapegoating has already started. In almost every sector of the economy that is collapsing, the claim is that “everything was fine until the pandemic happened”. From tumbling web news platforms to small businesses to major corporations, the coronavirus outbreak and the national riots will become the excuse for failure. The establishment will try to rewrite history and many people will go along with it because the truth makes them look bad. And what is the truth? The truth is that the U.S. economy – and in some ways, the global economy – was already collapsing. The system’s dependency on ultra-low interest rates and central bank stimulus created perhaps the largest debt bubble in history – the Everything Bubble. And that bubble began imploding at the end of 2018, triggered primarily by the Federal Reserve raising rates and dumping its balance sheet into economic weakness, just like it did at the start of the Great Depression. Fed Chair Jerome Powell knew what would happen if this policy was initiated; he even warned about it in the minutes of the October 2012 Federal Open Market Committee, and yet once he became the head of the central bank, he did it anyway.

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