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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The War for Dependence

International Man

No, that’s not a typo.

In 1776, residents of the American colonies took the very risky step of going to war with a then-powerful Britain – a War for Independence.

At that time, it was quite a courageous act, one that was a direct result of grievances:

Taxation: Colonists were angry over increased taxation, which at that time was only about 1%. But they got little in return, as the UK did not defend them against the native Americans. Colonists were instructed to sort out their own protection.

Production: The colonists were also angry because most of their export product went to the UK and they were paid very little for it, whilst goods shipped from England to the colonies carried a high price, which often left the colonists in debt to English exporters.

Self-determination: But they particularly resented the fact that, although the colonies functioned quite well on their own, and local representatives in the House of Burgesses were entirely capable of establishing law for the colonies, the UK made the bigger legislative decisions. These decisions were often regarded as arbitrary or usurious.

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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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The Coronavirus Panic: It All Makes Complete Sense

International Man

Coronavirus has long been known to virologists. It’s a seasonal virus that mutates somewhat each year. In the past, it’s routinely been dealt with through treatments that are both cheap and plentiful. And yet, somehow, the release of corona in its latest mutation has been co-opted to justify a social and economic shutdown in over one hundred countries. More than ninety-nine percent of those who catch it are likely to make a full recovery. Children seem to be almost totally immune to its effects. And front-line doctors are reporting that the “presumed positive” cases and presumed deaths are greatly exaggerated beyond the actual. Yet, Bill Gates has stated repeatedly that, “Things won’t go back to normal until we have a vaccine that we’ve gotten out to, basically, the entire world.” This message, although it has been backed by no scientific basis whatever (and proffered by someone with no medical training whatever) has been echoed daily by the media as gospel.

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The Scary Truth About Living in Big Cities During the Turbulent Times Ahead

International Man

International Man: Amid the Covid-19 hysteria and global shutdown, the drawbacks of living in a big city have become more apparent. Sure, cities can offer more career opportunities. Still, they are also more expensive, dirtier, have higher levels of crime, crowded, have fragile supply lines, and infrastructure that can get easily overwhelmed. How do you view the value proposition of living in a big city today, given what is transpiring? Jeff Thomas: Well, in my college years, I found cities to be very attractive. Lots of social opportunities, lots of shops, a greater variety of goods, etc. But, during that time, I was very fortunate to have experienced two city crises from which I learned valuable lessons. The first was an oil crisis in the winter of 1973. It was bad enough that many people had to abandon their cars, some out on the highway, in the snow. Some people died from exposure.

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The Top Banana

International Man

The United States emerged from World War II as the top banana. Having entered the war late, it not only was in the enviable position of expanding as a manufacturing nation to supply the allies with war materials, it also insisted on being paid in gold for whatever it shipped. (Pretty nice deal.) At the end of the war, it only had to switch from building tanks and radio equipment to building cars and televisions for the peacetime population. The icing on the cake was that it had not been invaded, so, in 1945, it was poised to take off as the world’s foremost supplier of goods. For several decades, the US reigned as the top banana, and indeed, that’s still true in many ways, except the peel of the banana is rapidly turning brown. The US has, in recent times, devolved from being the world’s greatest creditor nation to becoming the world’s greatest debtor nation.

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The Enslavement Of Infinite Money

Alt-Market

The phrase “don’t fight the Fed” is an unfortunate but popular delusion. It presupposes that the central bank has limitless power to direct the economy because it can print limitless money. I’m not sure where this idea comes from, but consider the fact that anyone today who is under 30 years old was barely old enough in 2008 to understand or care about the credit collapse. These people spent their formative years knowing only stimulus and QE. In their minds, this is the norm, and they think it always works because they haven’t yet witnessed a collapse. I would say a better phrase for the 2020s is “The Fed is not going to save you”; the Fed is not a superhero and it does not have the power nor the inclination to protect the little people from economic folly. This should be readily apparent today, as the COVID-19 pandemic continues to spread and the central bank can’t seem to cure it with Quantitative Easing.

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The Easter Bunny or the Tooth Fairy

International Man

Every four or five years, throughout the former Free World, it’s election time and those who live in what passes for a democracy get to vote – to choose a poster boy who will play the role of leader in the farcical stage show of politics. I don’t really pay too much attention to political elections, as the outcome has minimal effect on the actual agenda, which is ongoing – independent of political party success. I described my take on the modern political structure several years ago, in “Political Pizza.” Whether the reader is from the US, Canada, the UK, EU, etc., it’s essentially the same. Any government is parasitical by definition. It does not produce any product; it takes from the electorate by force and unilaterally decides what it will dispense to them.

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Pandemic And Economic Collapse: The Next 60 Days

Alt-Market

The news cycle moves so quickly these days writing analysis on current events becomes difficult; the moment you publish an examination of the situation people have already moved on to the next disaster. So, today I’m not going to do that. Instead, let’s look at current trends and project what is likely to happen in the next couple of months. In my article ‘How The Pandemic Crisis Will Probably Develop Over The Next Year’ published in early March, I outlined what I believed would be the major developments on a longer timetable. Some of these predictions have already occurred. Now I would like to tackle a shorter timetable and focus more specifically on the economic side of things, along with the effects of government lockdowns and how they will continue.

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