Posted on 02/25/2020 5:05:41 PM PST by Roman_War_Criminal
As of January 21st, Chinas Communist Party confirmed 473 cases of the Coronavirus, mostly concentrated in Mainland China, Wuhan Provence, but the world doubted the accuracy of what was reported, particularly since the method for counting confirmed cases keeps changing.
The most current confirmed cases are 79,498 with total deaths reported at 2,621. Even as China says the spread is slowing, globally the spread is picking up. Particularly troubling is what is happening in Italy, with 3 reported cases last week and 219 and 5 deaths reported today. At this writing, 33 countries have reported cases and this pandemic is spreading rapidly.
This could be Disease X that the World Health Organization warned about years ago and it could overwhelm diminished central bank tools of lower rates and higher credit availability. All they have left is a tsunami of new money that would usher in the hyperinflationary death of the current financial system.
Current tools are based on inspiring consumption, but this is different.
Since the 1990s China has become the manufacturer to the world and 90% of all active businesses have been impacted. Further, globalization means that these Chinese corporations are intricately interconnect to 5 million companies worldwide.
Whats impacted are manufactured goods as well as raw materials, new orders as well as current in process orders. Bottom line is that business in China has stopped.
(Excerpt) Read more at itmtrading.com ...
That’s a loaded question.
Who would have the official authority to ban international travel?
Why don’t they?
Are they afraid the World Economy would tank if they do?
Or do they even care if the worst case scenario does happen? (Population control)
Hong Kong protests have not stopped. The media is simply picking up on the virus as the story coming out of China instead.
Our grocery stores will remain stocked and there is plenty of fuel to drive everyone around and heat everyone’s homes. For manufacturers who failed to listen to POTUS who has been telling them to shift their supply chains since 2016, yeah, life will suck. For California which makes a lot of money out of their ports, yeah, there are problems. Might not be a bad idea for truckers to check out the options in Norfolk or Galvaston.
Buying opportunity.
And Coronavirus is A black swan, not THE black swan. And a temporary one at that.
When they start closing public schools, then I’ll believe it. No way do they want to lose money from the state.
Lynette ZANG not Yang.
She is a smart person, admittedly a gold bug who sells gold.
She says central bank money printing is ruinous and evil.
Too many ignorami here comment on what they know not.
Do we have any comparable statistics for the flu? And, do we know the median age of those who died?
“Black Swan” means ‘hand me my tin foil hat’.
Bird flu, Y2K, the sky is falling the sky is falling...
sheesh
He said the coronavirus in the USA would be only slightly more dangerous than an average influenza virus.
That's the third time I have heard a USA health expert say essentially the same thing.
I also saw an interesting and very hopeful chart today - “New Recovered” patients have outnumbered “New Infection” patients for the last six days.
Knock Wood - the World will eventually end, but not tomorrow!
I don’t know exactly what to make out of this coronavirus.
That the media is in hyperbolic circus mode over it isn’t comforting, and you cannot trust anything out of China because they are known liars.
You have these health experts saying it’s only slightly more dangerous than flu, and others saying it’s not even remotely close to the flu. Hard to know what is true.
Prayer is the answer!
Re: “And others saying its not even remotely close to the flu.”
I think what they mean is that “medically” it does not resemble the flu virus.
I was speaking about the death toll from corona.
In a “normal” flu year in the USA, the death toll from flu will be about 0.2% to 0.4%.
Currently, outside of China, the death toll for corona is about 0.7%.
After six weeks of increasing world wide infections, the USA death toll from corona is still ZERO!
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