In the wake of the lockdown: Bankruptcies and mass unemployment, the economic destabilization of entire countries.
Millions of people have lost their jobs, and their lifelong savings. They are unable to pay their home mortgages.
In developing countries, poverty and despair prevail.
The political implications are far-reaching. The lockdown undermines real democracy.
It would be naive to believe that the financial crisis was spontaneous. It was carefully engineered.
The coronavirus continues to provide a camouflage. Fear and panic (generated profusely by the corporate media) create “favorable conditions” for “institutional speculators”, many of whom had detailed foreknowledge of the WHO decision to launch a Global Public health emergency on January 30th, at a time when there were only 150 “confirmed cases” outside China.
The collapse of stock markets has resulted in the most important transfer in money wealth in modern history.
The Coronavirus is not the cause of financial collapse. What prevails is an atmosphere of fear and uncertainty which enables powerful financial interests to manipulate the stock market and consolidate their financial positions.
In early February, roughly $6 trillion were wiped off the value of stock markets Worldwide. Massive losses of personal savings (e.g. of average Americans) are ongoing not to mention corporate failures and bankruptcies.
Each time Trump opens his mouth, or blames the Chinese on twitter, the stock markets respond. Those who have inside information or foreknowledge of US policy decisions will make a bundle of money.
Behind the pandemic, there are powerful economic interests, Wall Street, Big Pharma, the Washington Consensus, Charities and Foundations, the WHO, the IMF, et al. They met on the sidelines of the World Economic Forum (WEF) on January 21-24, one week prior to the launching of the WHO global public health emergency.
The “international community” is calling for economic recovery. How will it be instrumented. So-called “corporate bailouts” i.e. “handouts” for banks, major corporations including airlines.
One trillion promised by the Fed, another trillion by the European Central Bank headed by Christine Lagarde.
“We have a responsibility to recover better” than after the financial crisis in 2008, said UN secretary general António Guterres:
“We have a framework for action – the 2030 Agenda for Sustainable Development and the Paris Agreement on Climate Change.