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Discussion in 'Φ QANON & POLITICS' started by Rose, Jan 22, 2020.
A World Health Organization (WHO) situation report on Tuesday March 10 catalogued 113,702 cases of coronavirus Covid-19 across 113 countries and territories, causing 4,012 deaths.
In 2017 the World Bank issued a pandemic bond designed to help fund the response to any widespread outbreak of a number of diseases, including coronavirus. The $320 million bond was part of a bigger $425 million risk transfer that included a concurrent $105 million swap with six reinsurance counterparties. Should it already be paying out?
As of March 11, the answer was no, principally because the required time period has not yet elapsed since the start of the outbreak, which is 84 days, or 12 weeks. The World Bank confirmed to Euromoney on March 5 that the official start of the outbreak has been set at December 31, 2019, meaning that the first day following the 12-week period will be March 24.
Contrary to rumours circulating online, there is no requirement for a body like the World Bank or the World Health Organisation to formally declare that the outbreak is a pandemic for the bonds to pay out. When the criteria are met, the bonds will be triggered, whether or not a pandemic has been declared. However, the WHO has now declared a pandemic as of March 11.
Some of the criteria have been met, but two - the growth rate of cases and the ratio of confirmed cases to total cases (including suspected) - can only be calculated after the initial 84 days, and are determined during an additional period of up to two weeks. This means that although March 24 marks the end of the 12-week period since the start of the outbreak, the growth rate and confirmation ratio data that relate to that day would not be known until April 6. Two days is then set aside for calculation of those rates.
New York (CNN Business)The New York Federal Reserve is taking out the big guns to calm panicky financial markets.
The NY Fed announced plans Thursday to inject vast amounts of money into the financial system, totaling at least $1.5 trillion. And the Fed promised to start purchasing a range of Treasuries -- a step that effectively marks a return to the 2008 crisis-era bond buying program known as quantitative easing, or QE.
The Fed said the dramatic moves will address "highly unusual disruptions" in the Treasury market linked to the coronavirus outbreak. This accelerates weeklong efforts by the NY Fed aimed at easing fears that companies will lose access to capital or that markets will become unhinged.
"The Fed is all in. They've fired their nuclear weapon. and they did it because financial markets are seizing up," said James Bianco, president of Bianco Research. "There is no liquidity in the markets. They are trying to unstick them."
Not only did US stocks nosedive Thursday, but the ultra-safe government bond market malfunctioned. Even though Treasuries are supposed to be the safest assets on the planet, liquidity dried up in that market, setting off alarm bells on Wall Street.
"The market in a sense broke today. The Fed came out and fixed it," said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
Boockvar said there was a "blow out" in the gap between bid and offer in Treasuries, signaling a liquidity crunch in what is normally a very deep market. One way to look at it: The bond-trading engine seized up, and the Fed added oil to make it run smoothly again.
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POOH’S LYING NOW
Communists consider religion to be the opiate of the masses. Both the Soviet Union and communist China have oppressed the religious. Bernie Sanders promises action against Christians, whom he calls ‘religious bigots.’
Most communists do not believe in God. Their god is the ‘state.’ The state can do no wrong—it is both omniscient and omnipotent. It is perfect and incapable of mistakes. Heretics who doubt communism can face gulags or a bullet in the back of the head. In China, Mao starved millions of his own citizens for the good of the state. Nowadays, Chinese dissidents might even face having their organs ripped out of them. The state feels no guilt about any of this. After all, they consider humans to be data at best and at worst mere blobs of matter who are there to carry out the will of the state. The citizens must also pretend to be happy about it.
The problem with the perfect state of communism is the lies. The Soviet Union lied about nuclear technology and that led to the Chernobyl disaster. The current Chinese Communists are lying about the release of a bioweapon from one of their labs in Wuhan. The ChiComs must present themselves as incapable of error, so they’re now blaming the United States military for the virus. The ChiComs consider themselves to be perfect, therefore they will never admit a mistake. They never accept blame. Being wrong is a sign of weakness.
President Trump realized the United States has been wrong about trade with China. The US has become far too dependent on China for pharmaceuticals, for example. The ChiComs are now threatening to cut them off. It’s time to bring manufacturing back to America and that’s just what Trump wants to do. If we don’t do that, we’ll only have ourselves to blame.