(COVID/ETC CONTENT HERE) China Locks Down 11 Million in Wuhan,

MODS CAN THIS BE MOVED TO A SEPARATE THREAD BEING IT'S ABOUT ECONOMICS AND NOT THE DISEASE?

This is interesting, consumer goods shortages from the Coronavirus has yet to hit but it is coming soon.

Curtis Ellis: The Coronavirus Exposes the True Cost of the China Price

https://www.breitbart.com/economy/20...e-china-price/

"The China price is the ultimatum Walmart buyers give vendors: this is the price we will pay – if your factory in the U.S. can’t meet it, we have one in China that will, and we’ll be happy to help you move there.

The China price gave us an endless stream of cheap consumer goods. It was made possible by global supply chains, transoceanic containerized shipping, and just-in-time inventory management to control warehouse and carrying costs, all part of the logic of relentless cost-cutting Wall Street demanded of multinational corporations.

But the coronavirus has its own logic, and it does not respect the logic of Wall Street bankers, logistics managers, and mass merchandisers.

The pandemic has exposed the frailty of global supply chains and the fallacy of the management theory calling for intercontinental supply chains and just-in-time inventory management."

"China’s labor shortage is felt around the world.

China National Offshore Oil Corp. is refusing to take delivery of liquefied natural gas cargoes, blaming a shortage of workers due to the virus. PetroChina Co., the country’s largest oil and gas firm, says it also can’t get enough workers to offload cargoes at its terminals.

The story is the same for shipments of soybeans from the U.S. and Brazil, palm oil from Indonesia, copper from Chile. China’s biggest oil refiner is expected to ask Saudi Arabia to reduce supplies of crude oil."

It’s just a flu bro

Interesting. I wondered how long they'd be able to keep the lid on the actual number of fatalities.

http://charleshughsmith.blogspot.com...-its-just.html

Friday, February 07, 2020

The Pandemic Isn't Ending, It's Just the Beginning of Global Disorder and Depression

When you've been lied to, you've been betrayed. Betrayal has consequences.
Unsurprisingly, denying the pandemic is unstoppable and consequential is the order of the day: authorities everywhere are terrified these realities might leak through all their oh-so-obviously desperate firewalls and filters. Why are they terrified? Because they know the entire global economy, including the linchpin Chinese and U.S. economies, was extremely fragile before the pandemic arose: why else the panic-stimulus and panic-repo policies of the Federal Reserve and the People's Bank of China in the pre-pandemic months of Q4 2019?
And so everything is covered up, and if that doesn't work, then outright denial is the default policy. The number of cases globally is absurdly understated, the number of deaths in China is absurdly under-reported, and so on.
But the biggest denial campaign is aimed at masking the fragility of the global economy, as the only thing keeping the rickety, speculative-bubble, insolvent global economy from imploding is the belief and confidence of the masses that everything is going swimmingly, so keep on borrowing, borrowing, borrowing, buying, buying, buying and speculating, speculating, speculating.
While the real-world battle to limit the spread of the virus in China gets the headlines, the battle inside your head to maintain your confidence in the system is just as important. Economists talk about recession and depression in quantitative terms: deflation, sales, profits, employment and so on.
The key dynamic in recessions and depressions is confidence: confidence that the condo you buy today will be worth a lot more tomorrow, the business investment you make today will generate higher profits tomorrow, your job benefits will increase tomorrow, your house value will rise tomorrow, and so on.
Once confidence in ever-higher wages, benefits, sales, profits and speculative gains withers, all bets are off. The loss of confidence is akin to a loss of faith or loss of credibility: none of these can be restored overnight. Once your confidence that a speculative gamble will pay off is dashed, you're not going to rush out to make the same gamble tomorrow.
Once your trust in authorities has been shattered by gross incompetence, authoritarian suppression and a laughably unbelievable tsunami of lies, you don't wake up the next morning with your trust in bogus statistics and reassurances fully restored.
Once credibility has been destroyed by an endless parade of fabrications, lies and transparently false reassurances, your faith and trust that what you're being told 24/7 is actually true is not magically restored.
Loss of confidence, trust, faith and credibility are self-reinforcing. Once you realize your speculative gamble is not just no longer going up but it's crashing, you want out, not in. Once you see your neighbors going broke, you shut down your business before you lose everything.
Confidence doesn't just evaporate; it's replaced by uncertainty, anxiety and fear. Better safe than sorry becomes the implicit context: better to close now than gamble on a magical-thinking return to normalcy tomorrow. Better to go back to the ancestral village now rather than risk going back to work and becoming a victim of the "no big deal, just another flu" who ends up dead as a result of trusting the authorities' reassurances.
The tragic irony is that Chinese authorities hid the epidemic to save political face, but their increasingly transparent lies and desperation are destroying what little international credibility remained after their attempt to save political face blew up. Rather than saving face, they've lost the last shreds of credibility they still possessed.
As for the Chinese people: how does it feel to know that the political optics matter so much more than your health and well-being?
Quarantining 400 million people in China still leaves a reservoir of 1 billion people in hundreds of small cities and towns and thousands of villages who may catch the virus from people who returned home from cities before they were locked down.
Here's how contagious viruses spread: a traveler who has the virus but doesn't yet have any symptoms rubs his nose beneath his mask and then takes the bus ticket and hands it to the driver. Then the traveler grabs the handrail in the bus, leaving viral particles. Later, in another bus station's bathroom, he lifts his mask because it's hot and uncomfortable and sneezes. Hundreds of other travelers pass through the bathroom within hours.
This is why those most familiar with epidemics and pandemics say that trying to control the spread of a highly contagious virus is like trying to control the wind.
The irony of all this is razor-sharp: the more authorities try to mask reality to maintain confidence, the more they destroy credibility, confidence, trust and faith. Once these intangibles are lost, the loss of confidence is self-reinforcing.
Depression isn't just an economic number. It's a self-reinforcing loss of confidence. Do you really think quarantining 400 million people will stop the pandemic? Based on what, other than magical thinking and the reassurances of authorities who've sacrificed all credibility?
Do you really think the Chinese economy can grind to a halt and absolutely nothing else in the global economy will be adversely impacted? Based on what, other than magical thinking and the reassurances of authorities who've sacrificed all credibility?
With the loss of trust and faith comes disorder. When you've been lied to, you've been betrayed. Betrayal has consequences.

Posting this for Holyhitman since he doesn't have access yet.

Then there is this on Frank Plummer's death. Tin foil time.

Frank Plummer – Canadian Scientist Key To Coronavirus Investigation Assassinated In Africa?

https://greatgameindia.com/frank-plu...-assassinated/

World-renowned HIV researcher Frank Plummer, 67, dies

https://www.bbc.com/news/world-us-canada-51317386

F the UN an WHO.

Creator Of US BioWeapons Act Says Coronavirus Is a Bio Weapon

https://principia-scientific.org/cre...-a-bio-weapon/

"In an explosive interview Dr. Francis Boyle, who drafted the Biological Weapons Act has given a detailed statement admitting that the 2019 Wuhan Coronavirus is an offensive Biological Warfare Weapon and that the World Health Organization (WHO) already knows about it.

Francis Boyle is a professor of international law at the University of Illinois College of Law. He drafted the U.S. domestic implementing legislation for the Biological Weapons Convention, known as the Biological Weapons Anti-Terrorism Act of 1989, that was approved unanimously by both Houses of the U.S. Congress and signed into law by President George H.W. Bush.

In an exclusive interview given to Geopolitics and Empire, Dr. Boyle discusses the coronavirus outbreak in Wuhan, China and the Biosafety Level 4 laboratory (BSL-4) from which he believes the infectious disease escaped. He believes the virus is potentially lethal and an offensive biological warfare weapon or dual-use biowarfare weapons agent genetically modified with gain of function properties, which is why the Chinese government originally tried to cover it up and is now taking drastic measures to contain it. The Wuhan BSL-4 lab is also a specially designated World Health Organization (WHO) research lab and Dr. Boyle contends that the WHO knows full well what is occurring."

This is old news but a creditable source for info on the Chinese scientists kicked out of the Canadian laboratory.

Mystery surrounds ouster of Chinese researchers from Canadian laboratory

https://www.sciencemag.org/news/2019...ian-laboratory

"Canadian researchers are reacting with puzzlement to the news that a “policy breach” has caused the nation’s only high-containment disease laboratory to bar a prominent Chinese Canadian virologist, her biologist husband, and a number of students from the facility.

On 5 July, officials at the National Microbiology Laboratory (NML) in Winnipeg, Canada, escorted Xiangguo Qiu, biologist Keding Cheng, and an unknown number of her students from the lab and revoked their access rights, according to Canadian media reports."

it's just a flu, bro. being forced into a van happens to people in my neighborhood every flu season.

Anyone have any info or updates on the corona virus in other countries (besides China) such as Europe or the US? How’s western medicine against it?
Any new numbers on the people affected here in the US? And deaths?