I certainly don’t claim to be a financial wizard. In fact, at best, I have a rudimentary understanding of how the convoluted funny money economy works. However, you don’t need to fully comprehend the ins-and-outs of rigged monetary system to understand we’re in for big trouble and the coronavirus “pandemic” is not only accelerating the fall but will make the outcome far, far worse.
For more detail on the financial end of this disaster, read Mike Whitney’s Why Washington’s COVID-19 Relief Package Must Be Stopped!
No chance, however. As I write this, Congress passed a pork-laden“stimulus” bill.
If we can believe numbers put out by the CDC, as of Friday, March 27 there were 1,246 deaths in the US attributed to the virus. Compare this with the 1968 H3N2 “Hong Kong Flu.” It reportedly killed 100,000 people in the US and around a million around the world.
At the time, the response was not to lock down the country and destroy the livelihood of millions of Americans and usher in the severe violations of the Constitution we are now witnessing.
Short of COVID-19 numbers shooting into the stratosphere in the long run, the death rate will be nowhere near those of the H3N2 pandemic. After the virus is put down by warm temperatures in the Northern Hemisphere, jobless and impoverished Americans will scratch their heads in wonderment at the overreaction by government.
Back in 1968, the US economy was doing fairly well. It was the economic powerhouse of the world. The economy began the slow process of engineered deterioration after the so-called “Nixon shock” imposed wage and price freezes in response to Federal Reserve manufactured inflation and the direct international convertibility of the dollar to gold in 1971.
10% inflation in the 1970s was “the result of the honest mistakes of a well-meaning central bank (sic),” according to the Fed.
The former Fed boss, Ben Bernanke, said in 2002 “honest mistakes” were also responsible for the stock market crash in 1929 and the Great Depression that followed (see Jerry Mazza’s How the FED engineered the Great Depression;