“This Is It! The Party’s Over” – Will Covid-19 Cause A New Financial Crisis?

Authored by Michael Snyder via The Economic Collapse blog,

The term “black swan event” is increasingly being used to describe this coronavirus outbreak, and many are concerned that what we are headed for will be much worse than what we experienced in 2008 and 2009.  Already, we have witnessed a staggering drop in global demand, Wall Street has had to deal with the wildest week in eight years, and people all over the globe are hoarding toilet paper, face masks and hand sanitizer.  That may sound like a plot from one of my books, but it is not.  This is actually happening, and it appears that we are still only in the very early chapters of this crisis.

It seems like just yesterday that everyone was freaking out because there were a few dozen confirmed cases here in the United States.  Now there are 70 in the state of Washington alone

A cruise ship remains at arms length from San Francisco and the number of confirmed cases of coronavirus in Washington state ballooned to 70 on Thursday – pushing the U.S. total above 220 – as the global struggle against the outbreak intensified.

The nation’s death toll rose to 12, 11 of them in Washington. Fifty-one of the confirmed cases are in King County, home to Seattle, where ten of the deaths have occurred, state health officials said.

As I write this article, the total number of confirmed cases in the U.S. has now risen to 233, but of course that number is going to go much higher now that the U.S. has finally decided to ramp up testing for the virus.

If you live in the Seattle area, you are going to want to avoid public places for the foreseeable future.  In fact, officials in King County are already recommending that all businesses “allow their employees to telecommute throughout March”

A Washington state county, where 31 coronavirus cases and 9 deaths have been reported, has recommended to its 2.2 million residents that they should work from home to help slow the spread of the infectious disease, and further urged everyone over 60 to stay indoors.

Public Health officials in King County on Wednesday recommended that businesses allow their employees to telecommute throughout March in an effort to reduce the amount of face-to-face contact between large numbers of people during this “critical period” in the COVID-19 outbreak.

Unfortunately, other hotspots are starting to emerge as well.  The total number of cases in California is up to 53, and the number of cases in New York just doubled

California declared a state of emergency after a coronavirus-related death and 53 confirmed cases in the state. The number of infections in New York also doubled overnight to 22 as the state ramps up its testing.

Predictably, U.S. stocks plunged on Thursday as the bad news came rolling in.  By the end of the trading session, the Dow Jones Industrial Average was down 969 points

Stocks plunged on Thursday, erasing most of the steep gains in the previous session, as markets remained highly volatile in the face of the fast-spreading coronavirus.

The Dow Jones Industrial Average ended the day 969.58 points, or 3.5%, lower at 26,121.28 after tanking nearly 1,150 at its session low. The S&P 500 dropped 3.3%, or 106.18, to 3,023.94 and the Nasdaq Composite fell 3.1%, or 279.49, to 8,738.60. All 11 S&P sectors finished the day in the red. Stocks turned sharply lower as the 10-year Treasury yield fell to an all-time low below 0.9%.

This is precisely the sort of wild market behavior that we witnessed during the financial crisis of 2008.  One day stocks would be way down, and the next day they would be way up.  When we see extreme volatility such as this, it is a clear indication that investors are very nervous.

After watching what transpired on Thursday, one trader described the market’s current behavior as “a super-puke”

Watching the markets today  – as The Dow plunged 1000 points, Treasury yields collapsed to record lows, credit markets imploded, and demands for more Fed intervention exploded – has one veteran trader remarking, “this is becoming a super-puke.”

Of course if this coronavirus outbreak starts to fade, it is entirely possible that the markets could settle back down.

But that hasn’t happened so far, and experts are warning that we should expect to see more market volatility ahead.  Here is one example

“We expect markets to remain volatile,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. “The unfolding nature of the coronavirus threat—both real and perceived—is not yet quantifiable, and, as such, the current global policy response can’t immediately be judged as sufficient or insufficient for restoring investor confidence in the short term.”

Meanwhile, the fear that this coronavirus outbreak has created is hitting the real economy exceedingly hard.

In fact, the CEO of Southwest Airlines says that his company “lost several hundred million dollars in a week’s time” because people are so afraid to travel right now…

Southwest Airlines CEO Gary Kelly told CNBC on Thursday that the company has lost several hundred million dollars in a week’s time thanks to a decline in bookings amid increasing fears over COVID-19. Kelly added that the drop-off was “noticeable” and “precipitous” and has continued declining on a daily basis.

We are seeing similar things happen in industry after industry.

So what is going to happen if this outbreak continues to intensify in the months ahead?

Needless to say, we could soon be facing a worst case scenario for the global economy.  According to Egon von Greyerz, the party is indeed “over” and we are headed for the worst economic crisis that any of us have ever experienced…

This is it! The party is over. The world is now facing the gravest economic and social downturn in Modern Times (18th century). We are now entering a period of global crisis that will change the world for a very long time to come. This should come as no surprise to the people who have studied history and also read my articles for the last few years. Many others have also warned about the same thing. But since MSM never talks about the excesses in the world or the risks, 99.9% of people are totally unprepared for what is coming next.

Will he be correct?

We shall see.

It would be wonderful if this virus would just go away and life could get back to normal.  Unfortunately, this crisis just seems to escalate with each passing day.

On Thursday morning, police were actually called out to a Costco in southern California because “toilet paper, paper towels, and bottled water were out of stock”

Deputies responded to the Chino Hills Costco at 10.15am on Thursday morning after receiving a report of a disturbance, a San Bernadino County Sheriff’s Department spokeswoman told DailyMaill.com.

On the scene, deputies learned that ‘a large group of customers were upset’ that items such as toilet paper, paper towels, and bottled water were out of stock, said Public Information Officer Cindy Bachman.

All over America, people have been hoarding essential supplies like crazy.  If people are this delirious already, how are they going to act once things start getting really bad?

It was inevitable that stock prices would crash from the ridiculously elevated levels that we witnessed earlier this year.

And the next economic downturn has been building for a really long time.

But now events are starting to move at a pace that is absolutely breathtaking, and it looks like all of our lives are about to change in a major way.

via zerohedge

6 comments

  1. 10x more have died from common cold & flu already than from this “Corona scam. Most of them vaccinated. Wake up.
    No cold or flu has any medical solution. The only kind of health is natural health. “Medical health” is an oxymoron – there is no health other than natural health.

    Weston A. Price Foundation
    westonaprice (.org) truth about farming, health & healing arts.

    Tyla Gabriel, Her Royal Bioweapon Exposed.

    Dana Ashlie, The BEST NEWS re CORONA virus You’re Gonna Hear All Month! Kinda.

    HighImpactFlix, Bitchute Exclusive!! What’s More Threatening Than COVID-19 … vaccines kill more than coronav. All hidden stats, charts & graphs, all solid documentation.

    KISS.
    Pls consult a dedicated, experienced & competent health care person before attempting to diagnose or prescribe yourself with anything whatsoever.

    The unified field theory of Health is that digestion, the immune system & immunity are one & are bodywide. This is all-inclusive, including metabolism as a whole, including elimination. Immunity is primarily digestive. Even in the lungs. Bodywide. If your digestion is out all your systems are out starting with your immune system. The immune system is one big digestion operation & vice versa. The digestive enzymes (amylase, protease, lipase), are made in the white lymphatic blood cells & that is the front line of the immune system. The pancreas does not make digestive enzymes– the white cells deliver their digestive enzymes to the pancreas as needed for digestive juices for delivery to the pancreatic duct to the duodenum. The upper stomach is the food enzyme stomach. It is quiescent (no peristaltics) & secretes no digestive enzymes. Its digestion is based on digestive enzymes in the raw food, salt and condiments eaten. Salt is essential in the creation of the lactofermentation environment in the upper stomach. Digestive enzymes are killed at 118F. Cooking temperatures destroys digestive enzymes & eating only cooked food destroys upper stomach digestion. That is why some raw in your food is essential.
    The contents of the upper stomach are divided from the lower stomach by the middle area band of muscle, which will open only when the upper contents reach a high acidity (about 1hr). – and these acid contents cannot move down into the lower stomach except by gravity. – you must be standing up after 1hr, otherwise the acid contents will remain in the upper area & burn the hiatal sphincter at the base of the esophagus. “Heartburn”. Gastric burn.
    Everyone knows the process of digestion in the lower stomach by HCl acid. But that salt, NaCl is essential to the making of HCl with Cl, and to the stomach lining protection with Na, “sodium,: is not taught.
    The failure of upper food enzyme stomach digestion is the first step to the failure of the immune system, since the upper food enzyme stomach is the first step in the immune system (Dr. Edward Howell). All one, not divided.
    There are specific foods that are Digestive Enzyme Source Foods, but lactofermentation covers all the bases.
    (More at http://www.westonaprice.org)

    BICARBONATE OF SODA (Baking soda, Sodium bicarbonate): Preventive of & life saver in all diseases by quickly raising pH. Quickly resolve colds, flu, respiratory problems, heart disease, kidney, spleen or liver failure, allergy, asthma, autoimmune, gut & stomach problems, diabetes, cancer. Use with magnesium (kelp), to balance. Used in dialysis wash, chemotherapy, ICU & ER care. Club Soda: in 1pt very cold water put (via funnel) 2t baking soda, then 2t citric acid, cap immediately. JHS29Jan2015.

    BORON Borax, 20 Mule Team. element. Conserves & maintains body minerals to prevent bone loss. Crucial to healthy blood sugar, appetite, bones-joints-teeth, glands, organs, heart, fungal-bacterial regulation, liver detox, reduce belly fat, calcium absorption, toxic fluoride removal. Stop body odor. Max daily dose 1/8t/100lb body weight. Daily formula: 3 pinches boron-borax, 2T raw apple cider vinegar in 1pint water. Take 3-4oz, 3-4x/day. Or one pinch in glass of water daily. Morgellan’s designer silicon-based fungal disease from “nano-bots” enter lungs, are regurgitated then swallowed in saliva to enter stomach, liver & intestine, then replicates. Mimics Candida Albicans & other fungal disease overgrowth. Rots body like any fungus; bores into all tissues; comes out as superfine threads of fungus thru holes in skin. Fungus is always in body; its purpose is to decompose body after death, but if overgrowth occurs before death it will decompose you, rot you away. Common symptoms same as other yeast-fungal infections: compulsive eating (esp. of junk), destructive-compulsive behaviors, depression-hyperactivity, fatigue, brain fog, poor digestion, body odor, bad breath, belch-bloat-burp, sinus-respiratory issues, yeast infections, thrush, teeth-bone-joint-spine issues. Caused by: overeating, especially excess sugars & carbs. Only known inhibitor: boron-borax. Good food sources: nuts, beans, legumes, dates, prunes. Poor sources: meat, fish, dairy. Ultimate national security top secret. Discoverers-designers now all dead but one. George Soros, Benjamin Fulfurt are Globalist-fascist-commie perpetrators. 70% of so-called ‘insiders’ or ‘whistleblowers’ are mouthpieces to direct-control the cultural Marxist narrative. 18Aug2019,

  2. This is the priceless ancient bubonic plague (yersinia pestis) preventive & remedy. It was called “The 4 Thieves.” Works even on the worst & most deadly superbugs when all drugs & other methods fail, as they always do. You will need this if you are going to SanFrancisco, LA or DC, DOA, ETC.
    ENJOY THIS BONUS FEATURE!!! 
    Health is a do-it-yourself LIFETIME PROJECT not a government crony medical monopoly scam. 
    Is it coronavirus or 5G or both? Who cares! 
    Biowarfare virus containing HIV OUT OF CHINA? So What!
    The antidote, as always, is your own God given immune system. It is centered in your gut. Beginning with your upper stomach. No drug or vaccine can do what your own healthy gut can do! Works against superbugs when the most powerful drugs have failed.
    The 4 Thieves:
    The garlic is the key to this. Next key is mushroom. Next key is ginger. The other ingredients are variable depending on what you have around. Possibilities are plantin leaf, thyme, rosemary, red pepper, whatever.
    Plague lactoferment: in water salted well with Celtic Sea Salt, puree garlic, onion, ginger, horseradish, mushroom, parsley, fennel, kelp  (no vinegar. This ferments itself). Keep on countertop 3 days then refrigerate. Use immediately as needed. Teaspoon doses or less. Intelligent. Super potent digestive & digestive enzyme source, prebiotic & probiotic, antibiotic, viricide & fungicide, meaning it’s a powerful immune system support & restorative of all systems.
    Also: 
    Think IODINE (black walnut hull as tincture or lactoferment, seafoods).
    Think Overeating (gluttony) as deadly here as always. Think moderation, sometimes very high moderation, as in one small meal/day for starters. Overeating destroys digestion & that destroys all other systems. 
    Drug care is not health care. Vaccines do not bring health. Medical monopoly is no better than any monopoly. US emergency medicine is important, but is not about health. Big Science requires Big Money & that means Big Corruption.
    Weston A. Price Foundation (.org). westonaprice.org 
    Our emergency care system is excellent. But emergency care is not health care. Drug care is not healthcare. Vaccines don’t bring health.
    Calling drug care health care is simply doubletalk. Like calling a pig’s ear a silk purse. It is a crony capitalist monopoly leftist ploy.

    ACEROLA CHERRY:  East Indian cherry.  Best source of real C-complex. Premium source of P, rutin; bio-flavonoids (also, buckwheat, citrus peel, currants, paprika) & naturally buffered vitamin C complex. 1g carb/ fruit. In poison ivy to block histamine release and truly help relieve itching and anxiety. Considered herb highest in vit.C. Important part of natural therapies for scurvy cancer, allergies & many more. JHS

    ASCORBIC ACID: (called vit.C, it isn’t) It is an isolate of 1% of real C-complex. All conditions. Carb hogs need a great deal more vit.C. Seems we make our own ascorbic acid if we refrain from excess carbs. Ancient sailors never mentioned the problem & it was only noticed later as ships increased stores of starches-sugars. Megadoses IV can save lives & kill cancer: Sodium ascorbate is used: dissolve 5-10g ascorbic acid in an inch of water in a glass. Add 2.5-5g baking soda, stir, add 5oz water, & drink or inject 2-4x/day or more). Keeps perishables fresh. Kills yeasts, fungus & bacteria. Used by white blood cells along with peroxides & digestive enzymes as our prime immune function. JHS, Feb.2

  3. This 7 Sleepers in a Cave story (Apostate Prophet) originated in pagan story – almost all usurped by Christianity & Islam, which dedicated themselves to obliterating all evidence of their pagan origins.
    The chief pagan god Pan was so multifaceted that he became the model for both Jesus-the-Christ & Satan. All natural health & healing were attributed to Pan & thus demonized by the drug oriented monotheists (like Theophrastus Bombastus von Hoenheim Paracelsus). Thus monopoly crony-capitalist origins.
    Pan’s panacea was his deep-purple black Elder Tree, used for sustaining, leading & healing all things, earth included – a complete herbal materia medica in itself.
    One American type is quite toxic (red elder, Sambuchus racemosa).
    Two types of black Elder are eminently medicinal but one has off smelling flowers & bitterish berries (European black elder, Sambuchus niger, “stinking Elder”, really not that bad, I grew up with it). It is just fine  but it is not the preferred variety.
    The preferred Elder is totally pleasant (American black elder, Sambucus canadensis) of smell & taste. The immature white berries turn red then ripen to such a very deep purple to look black.
    Confusing things as always, the canadensis is sometimes called red elder (the very poisonous kind) & “mistakenly” eradicated, as happened to my childhood stands.
    It grows as a bush & eventually matures into a 50′ tree. It is the chief (Elder) plant in the entire ecology of its location.
    Pg 337, Stephen Harrod Buhner, SACRED & HERBAL HEALING BEERS, The Secrets of Ancient Fermentation (1998). Suitable for the most advanced brewers, but ordinary people need not be so technical in the least – fermentation is prehistoric & totally simple, natural & basic at it’s very best.
    He uses sugar all the time for alcohol production. Lacto fermentation (salt) does not require added sweetener, & it is far more beneficial. Salt fermentation is far better & only slightly alcoholic at fitst & then makes its own vinegar – that is called lactofermentation, like ume plums, cold pack pickles, kimchi, nama shoyu soy sauce, sauerkraut. It is self preserved kept in cool place like a cave, root cellar or Great Pyramid. It is super powerful without side effects of alchoholism if used in large doses (as can be necessary short term in terminal & very severe cases). It is both prebiotic & probiotic. It counteracts, digests & removes glyphosate. Elderberry works fast on any flu. Lactofermented elderberry works even better & more deeply & very fast on flu at any stage.

    BEET: Juice, powder or puree of root & tops (greens) for all menstrual ills. Diabetics use only tops. Best: puree raw or fermented (Betafood: Thanx to Dr. Bruce West of Health Alert, Sept2018, p3-4.) as for Borscht; red pepper, garlic, onion. Ginger, horseradish, Celtic salt, etc. as desired. One cup between breakfast & lunch, then between lunch & dinner for 10 days monthly. Tonic. Digestive, esp. fats. Supreme blood builder. Lower cholesterol. Blood sugar control. Gradual liver-gallbladder cleanser. Thins bile. Remedy premature old age, bad skin & hair, urps & burps, heart problems. General body cleanse-detox. O, A Neutral. B, AB Bene. Beet leaves: All Bene. 3/24/15, JHSesame.

    BEET – BETAFOOD: Thanx to Dr. Bruce West of Health Alert, Sept2018, p3-4. Beet: Juice, powder or puree of root & tops (greens) for all menstrual ills. Diabetics use only tops. Best: puree raw or fermented as Borscht; red pepper, garlic, onion. Ginger, horseradish, Celtic salt, etc. as desired. One cup between breakfast & lunch, then between lunch & dinner for 10 days monthly. Tonic. Digestive, esp. fats. Supreme blood builder. Lower cholesterol. Blood sugar control. Gradual liver-gallbladder cleanser. Thins bile. Remedy premature old age, bad skin & hair, urps & burps, heart problems. General body cleanse-detox. O, A Neutral. B, AB Bene. Beet leaves: All Bene. 3/24/15, JHSesame.

  4. BLOOD THINNERS: see Garlic, Echinacea, Red Clover. Includes foods high in aspirin-like salicylates, omega3 fatty acids, vitamin E & natural antibiotics (like sulfur foods). Easy bleeders or bruisers must watch intake of blood thinners & balance them with blood thickeners-coolers (meat, most fish, leafy greens, lettuces, “cooling” foods & spices, most vegetables, dairy & grains, lacto-fermented foods).
       Thinners-warmers are also “Looseners” & can relieve constipation but in excess can result in diarrhea.
       Blood thinner (anti-coagulant) drugs will need to be limited by the person’s dietary blood thinners. Reduce the drugs, not the foods!
       Blood that clots too easily is too thick & leads to heart-circulation problems, stroke: do more ‘thinning-warming’ herbs-spices-foods. Blood that doesn’t clot enough leads to excess bleeding, nose bleeding (epistaxis), easy bruising, hemorrhages, hematuria (blood in urine), heavy periods, bleeding strokes. Bleeding-bruising too much? Have a bowl of Lettuce.
       Salicylates: block VitK1. (K is from the Swedish word for coagulation). Many spices, esp ‘warming’ spices, most fruits, esp. dried fruit, nuts, some flavorings-preservatives. High salicylate herbs-spices: Ginger, Curry, Cayenne, Thyme, Cinnamon, Dill, Oregano, Tumeric, Licorice, Peppermint. “Warming” spices, boost circulation-metabolism by thinning the blood. Night Sweats are cooled by limiting ‘warming’ spices-foods & increasing ‘cooling’ foods-spices. .High salicylate fruits: Raisins, Prunes, Cherries, Cranberries, Blueberries, Grapes, Strawberries, Tangerine, Orange. Other: Chewing gum, Honey, Peppermints, Vinegar, Wine, Cider.
       Artificial transfats (hydrogenated vegetable oil) are solid at body temperature & cause blood clotting. Real saturated animal fats are liquid at body temperature & are not a problem – they actually cleanse the blood!.
       Topical creams high salicylates (methyl-salicylate, menthol, birch, wintergreen, cayenne) can cause can result in internal bleeding even death if overdosed.
       Vitamin E: is K1 agonist. Found in many skin products as a preservative. If your hand sanitizer has E it may cause nose bleed – just eat a bowl of leafy greens-lettuce. Many foods high in vitE, like spinach & broccoli also have high K1 so will not thin blood.
    Vitamin B6: can cause bleeding-bruising if you are low on K1. Higher estrogen levels are linked to blood clots. B6 lowers estrogen levels, which means lower K1, thinner blood.
    Omega-3 fatty acids: lower cholesterol, thins blood. High in fatty fish: Anchovies, Salmon, Albacore tuna, Mackerel, Lake Trout, Herring. Benefit anxiety-depression.
    Other blood thinner foods: Tree Ear, Jicama, Garlic-Onion, Olive oil. Prescription antibiotics kill gut bacteria that make K1. So since Garlic-Onion contain natural antibiotics it is theorized to kill gut bacteria that make K1. But natural antibiotics, Garlic & other foods-spices contain natural prebiotics & probiotics to supply needed K1, balance gut bacteria to balance coagulation & much else!
    Fetal alcohol syndrome signs closely resemble K1 deficiency. Heavy alcohol users may be low in K1 (thus the red nose-face). Red wine is esp. potent blood thinner. Too Cold! Eat some leafy greens.
    IRON & K1 is a yin-yang relationship: when iron levels are high, platelet count is low & vice-versa. In iron deficiency anemia, platelet counts usually increase. Iron overdose case: K1 coagulation factors dropped to very low (3%) levels in 8hrs. Too much K1 rich food (salads, etc) can result in iron deficiency. K1 overdose: iron will be very low & platelet count very high. Iron supplements can help here.
    Exercise. Over exercise means lower K1, low estrogen, lower cancer risk, thinner blood, higher osteoporosis risk. Under exercise (even sitting more than 1/2hr at a time – no amount of exercise can compensate for that) low physical activity, means thicker blood, blood clots, higher estrogen, higher cancer risk & osteoporosis from inactivity.
    Vitamin D3: Sunshine. Needs K2 as found in animal fats to keep minerals in bones & out of joints & muscles. For good circulation. Thins blood.
    Cancer is seen as a circulation problem in TCM (Traditional Chinese Medicine) – poor (cold) circulation causes cancer. Modern western medicine, as usual, reverses that – asserting that cancer ‘causes’ blood thickening. Many studies show that many factors that thin the blood also reduce cancer risk (sunshine, aspirin, heparin (prescription anti-coagulant, antibiotics, olive oil, fish oil, turmeric, vit.E, garlic).

    BLOOD THICKENERS: leafy greens (vitK1), but many foods high in vitE will not thin the blood if they’re also high in K1 (like broccoli & spinach). Bleeders-bruisers need lots of K1 foods. Blood ‘coolers’ are also thickeners (meat, most fish except fatty fish, leafy greens, lettuces, most vegetables, dairy, grains, lacto-fermented foods). Lacto-fermented foods restore gut bacteria including those that produce K1.
    Thickening-cooling foods are also “Binding” to the bowels to stop diarrhea & in excess can result in constipation.
    In the old days of Blood Letting it was known that excess protein thickens the blood. So it was the custom to pour apple cider vinegar over the baked beans, to serve cranberry sauce with fowl, apple sauce or sauerkraut with ham-pork, vinegar based mint sauce with lamb, lemon with seafood, mushrooms (citric acid) with steak (D.C.Jarvis,MD). Also apple & grapes with everything. Liver & onion. Pasta & garlic-onion. Fennel-anise, orange-grapefruit with seafood. Natto, miso & tamari are lacto-fermented & improve K1-clotting. Jhs28May2016

  5. if left to the demoRats this will become a big financial liability to the US but they will do any and everything they can to make it that way!! they will continue to instill fear in every way they can. they will lie, cheat and deceive at every moment as evidenced in the impeachment hearings….try to make up a trial of hearsay and false documents…..that is the extent they will go. not much left for them to hang onto that will work….except a thing that no one wants to imagine.

Leave a Reply

Your email address will not be published. Required fields are marked *

*