Featured COVID + ~ The INVISIBLE ENEMIES

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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.

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“Only thing we have to fear is fear itself” FDR 1933

As I write this the Dow futures are down 1,200 points. Oil is down over 20 percent. Gold is way up—no wait, it’s going sideways and silver back down under $17. So much for safe havens. Precious metals are also considered commodities and are now treated as such. Everything is getting punished and many bubbles will get popped.

The coronavirus is the trigger that is causing the crash. It’s a crash that should have happened in 2008. Instead the banks were bailed out and even rewarded for their criminality with taxpayer-paid bonuses. Lower rates and never-ending QEs caused the stock market to skyrocket to outrageous highs. It seemed like it would only go up and the party would never end.

Now the party’s over. Debt is turning out the lights. There’s a huge amount of debt everywhere in the system. Everyone got way too greedy and overextended including the ChiComs. Some conspiracy theorists are saying they released the virus intentionally to do away with a few hundred surplus workers. Their economy was due to crash and they know the virus is a good distraction from that.

In America we have a $23, soon to be $24 trillion national debt. It’s so much that most ignore it as something meaningless. A billion is a number that’s difficult enough to comprehend. A billion minutes ago, Jesus walked the Earth. Every two hours, the US Government spends $1 billion. It’s all debt money, and the interest must be paid back to the Federal Reserve’s private central bankers. Maybe this crash will open eyes and we can finally jettison the vile system of money that has plagued hard-working US citizens for over 100 years. Our corrupt banking system also allows fractional reserve lending, which means more debt. Corrupt politicians have given the ’too big to fail’ big banks permission to become casinos and now they’ve run up over a quadrillion in derivative bets.

The average consumer is nearly maxed out on credit cards and paying the robber baron bankers an outrageous interest rate. The bankers create that ‘unsecured’ debt money out of thin air.

It’s all a con game. It’s all fake. Still, as Ayn Rand once said, “We can ignore reality, but we cannot ignore the consequences of ignoring reality.

We should have faced those consequences long ago. Hold on—we’re in for a rough ride that will be difficult to ignore.

—Ben Garrison

 

Passenger on Diamond Princess
Still testing positive under Quarantine
His coronavirus symptoms were like a light flu
His family has been receiving death threats


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A senior Iranian official, who was a close advisor to country’s Supreme Leader Ayatollah Ali Khamenei, has died of coronavirus, according to reports.

Mohammad Mir-Mohammadi, a member of the Expediency Council, died at a Tehran hospital on Monday making him one of 66 people the virus has killed in the nation. He was among 1,501 confirmed cases reported.

According to Fox News other Iranian government officials have been infected with the deadly virus. The Iranian Health Ministry said there were 523 new cases in the past 24 hours. It is a 53 percent increase since the day before.

Mohammad Mirmohammadi, 71. The reports state that COVID-19 has already infected Iran’s vice president and deputy health minister.

On Monday Iran rejected help from Secretary of State Mike Pompeo, who announced last week the U.S. was concerned Iran may have covered up details on the spread of the virus.

For more on this story go to Fox News.

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China In A Bull Shop

Friday morning’s DOW futures are heavily in the red, and it does not portend well for the stock market. We’ve seen a 10-year bull market and some were saying the market could never go down, especially with the endless quantitative easing. Some said there was no other viable place for money to go, so the market would go up ad infinitum. A new paradigm of sorts. When you hear talk like that, it usually means the market has topped, but this bull just kept running up further no matter what.

Nothing could touch the Teflon market bubble. It’s a bubble that showcases unreasonable valuations (Tesla, for example), but the bubble kept inflating no matter what. Those that shorted it quickly turned into losers and were forced to cover—thus adding more fuel to a perma-bull market on fire.

It took China’s coronavirus to change all that. Now it’s a matter of just how much damage will be done. I’ve become accustomed to seeing the market always turn bright green after a few red days. Will Friday be the turnaround day? It remains to be seen and my crystal ball broke a long time ago, but it strikes me now that this market may not be just another buying opportunity.


Caution is advised.

—Ben Garrison

 

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Coronavirus news caused the Dow to crash by around 1,000 points on Monday. As this cartoon is published it may be way up again if the Plunge Protection Team jumps in to support it.

Fear of the virus forced stocks into correction mode, which was actually way overdue. The stock market has been in a bubble and mostly out of touch with economic reality. It has become a place for easy money to go, since there isn’t much return elsewhere.

The virus also shows how much the globe has become reliant on the cheap labor and lax standards in China. The shutdowns due to the virus have wreaked havoc on production. It’s a sure sign that we depend too much on a nation that’s ruled by a backward clique of communist tyrants.

Oil prices continue to crater along with industrial metals such as copper, due to the shutdowns and quarantines. Oil in particular was already in a bear market due to oversupply.

Meanwhile I’m sure the Democrats would be delighted by a stock market and economic crash. The Fidel Castro-loving Bernie Sanders would love it. Comrade President of the USA? It makes me sick just thinking about it.

—Ben Garrison

 

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Maria Speaks with Senator Cotton Today about Coronavirus Epidemic

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"This virus did not originate in the Wuhan animal market," Cotton said. "Epidemiologists who are widely respected from China who published a study … have demonstrated that several of the original cases did not have any contact with that food market. The virus went into that food market before it came out."

"We also know that just a few miles away from that food market is China’s only biosafety level 4 super laboratory that researches human infectious diseases. Now we don’t have evidence that this disease originated there, but because of China’s duplicity and dishonesty from the beginning we need to at least ask the question," Cotton continued.

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Qiushi apparently — and I say apparently because I cannot independently verify Qiushi’s statements in the video — was doing citizen journalism to warn the outside world about the disastrous situation faced by China’s disorganization and failure in quelling the outbreak of the virus.

According to multiple sources Qiushi has now disappeared. Social media statements coming out of China, sources in the region and Bloomberg has since reported his disappearance. However, it is uncertain if he is in hiding or if he has been located by the Chinese government and taken into custody for his reports. Social media platforms such as Twitter, Instagram and WeChat have been some of the only outlets for the people of China to get the truth out about the outbreak and how it’s being handled by the communist government.

On The Sara Carter Show, I interviewed Gordon Chang, who lived in China for roughly 20 years and is the author of the book “The Coming Collapse of China.” Gordon, who is a renowned expert on the Far East, told me that China has manipulated the actual number of infections and deaths related to the Wuhan virus, created a propaganda campaign to blame the United States for the outbreak and has blocked journalists from reporting the facts about the outbreak. SaraACarter.com is continuously publishing news updates of the coronavirus outbreak with the latest numbers from Johns Hopkins University map tracker.

The Wuhan Coronavirus has been designated a global health emergency by the World Health Organization and medical experts believe it is only a matter of time before the WHO and CDC designate it a global pandemic. According to Johns Hopkins there are 34,963 people infected with the virus and 725 deaths. Remember, the situation is fluid and the numbers change by the hour and the day.

“The Chinese people right now are completely focused in on trying to save themselves, but when this disease passes and this could be June or July, we’re gonna see the recriminations dominate the narrative in China,” said Chang on Thursday’s podcast. “Already we had a longtime critic Xinhua University in Beijing come out and call for Xi Jinping, the Chinese ruler, to step down and I think that shows that people right now are bold and they’re bold because they know that so many people support them. And when people lose their fear, and that’s exactly what’s occurring right now, then governments can change.”

Chang told me “there’s been a paralysis at mid to low levels of governance in China.”

He noted that the “videos of the hospital in Wuhan being built in ten days and all of the lights in the Wuhan buildings with these messages to cheer on the people, but the point is that at the middle to the lower levels there is a paralysis.”

There are also looming questions about where the virus originated and whether, as Sen. Tom Cotton, R- questioned during a hearing on the matter last week if the virus escaped out of a biosafety level-four facility located in Wuhan. Biosafety level-four facilities are laboratories are used to diagnose and study viral pathogens that can be deadly.

“We still don’t know where coronavirus originated,” said Cotton. “Could have been a market, a farm, a food processing company.”

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