COVID-19/Economy

 COVID-19/Economy

Planners	supranational deep state

It is a matter of debate, if the dwindling monetary system caused the supranational deep state to plan for a controlled demolition or the other way round, a surprise pandemic is responsible for a worldwide lock of economic activity.

Debt enslavement

Professor of economics Michel Chossudovsky states that the IMF and Worldbank are lending money to exercise global control:

“The IMF is explicit. In one of its lending windows, the Catastrophe Containment and Relief Trust, which applies to pandemics, generously,

"provides grants for debt relief to our poorest and most vulnerable members."

Nonsensical statement: it is there to replenish the coffers of the creditors, the money is allocated to debt servicing.”
Michel Chossudovsky (April 17, 2020) 

Economic war

Accusations on both sides are used as part of the ongoing economic war between the US empire and its upcoming rival China.

Lawsuits

• Trump and others have announced lawsuits to make China pay.

• Wuhan lawyer Liang Xuguang filed a lawsuit with the Wuhan Intermediate People’s Court against the US Government, CDC, the U.S. Department of Defense and the US Armed Forces Sports Council, alleging that "From Sept. 2019 to Mar. 2020, the U.S. Government and the CDC knowingly disclosed the wrong public health information in the name of “influenza”, seeking around US$28,000 in damages.

Monetary reforms

Dirk Müller argued that the lockdown is used to a) bring down the global economy in a slow and controlled fashion; this would be better than waiting for a crash (burst of the monetary bubble). A monetary reform seems inevitable in the long run. And b) as part of the ongoing economic war with China. The lockdown accelerates the capital flight from China (halting growth), already pushed by other measures.

Poverty and unemployment

By April 2020, the policy had caused a massive disruption to people's lives, huge surges in unemployment, poverty and dependence upon government handouts.

Financial fraud

The small group with foreknowledge of the lockdown could predict that the economy would crash and so cash out, selling their holdings and using the futures market to profit from the event. In this sense, the event can be compared to the 2008 Market Crash. On 26 March 2020, some 3.3 million US citizens were out of work and seeking financial help from the government, a number that had doubled by 2 April.

Profits

Some bigger businesses such as Tesco and Amazon (Jeff Bezos) have profited.