21
Mar 20

It's the economy stupid!

It's the economy stupid!

However serious the virus turns out to be, this was never about a virus in the first place.  The economy is debt saturated  and has been waiting for the last ten years or more for the pin that would prick the bubble.  That pin has finally arrived in the form of Covid19.  It is the ideal excuse (weapon).  The coronavirus has exposed how fragile the real economy is.  It is fortunate (sic) for the elite that ordinary people are locked into their homes while they lose their jobs and savings.  Imagine if their was no virus?  There would be rioting in the streets.  It might look like the Yellow Vest movement in France. Governments, banks and economist might be held to account.  A bit difficult to riot when you have to practice "social distancing".   Life will not be the same after the virus.  Perhaps this was just a trial run and another worse virus will be released.   Questions still remain and perhaps they will remain unanswered.    I am convinced that Covid19 is a bio-weapon that was released on purpose.  In all probability it was released by the USA or perhaps a third "related" party.  The question remains on whether it was engineered only to destroy China as a superpower.  Perhaps the blow-back in the West was considered a worthwhile risk especially if it removed demographic and medical burdens (the elderly and the sick).  What is interesting is that the strain in Iran (and Italy) is worse. Did another strain get released in Iran?  Is there a strategic connection between China, Iran and Northern Italy?

The virus is growing exponentially but so is human debt. The human mind can’t compute exponential growth. It’s a fact. Here is a well known example: if you fold a piece of paper in half it will double its thickness. How many times would need to fold that paper on itself to increase the thickness equal to the distance from the earth to moon? The answer is 42 times. Don’t be worried if you’d missed it. The human brain can’t compute exponential growth. But we can understand our limits. So yeah, 10,000 sick people turn into 200mil quicker than we can comprehend.

Debt forgiveness

Debt forgiveness is ancient.  It is even mentioned in the Bible where it is called the Jubilee Year.  The ancients knew what the smart economist and bankers chose to deliberately ignore and that is that a debt based system eventually collapses if there is no write down of debt. You cannot exponentially increase debt without consequences.  Instead they chose to suck up all the wealth and then periodically crash the complete system with a war or a virus etc.  That way they can start re-building a new debt based system afresh.  The money-power loves this system because it enriches them and impoverishes us. Let us take the Jet manufacturing company Boeing as an example.  It is utterly corrupt. It pushed through aircraft designs that actually killed people. It was warned and even its own staff wrote emails saying that the building of the aircraft was done by monkeys supervised by clowns.  Moreover, it had a cozy relationship with the FAA with revolving door job exchanges and FAA approved self-policing. However, the company was supported by QE and extremely low post-GFC interest rates which it used to buy back its own shares and to pay shareholder dividends.   So, instead of investing in a completely new aircraft they tinkered with an old model and made it aerodynamically unfit and unable to fly without the aid of computers.  They spent money on bonuses and dividends and artificially propped up their share price.   To sum up.  They killed people, they are greedy and corrupt.  Now they want another Government bail out to the tune of billions.  And you know what?   They will get it.  They are strategically important and they know it. So there is no moral hazard.  You can do what you like and the tax payer will pay with their money and with their lives. This is now the era we live in. The economy is debased and run by criminals and gangsters.   The best of them are incompetent and the worst of them are monsters.