GDP & Consumer Confidence in Crash Mode

Guest Post by Martin Armstrong

The impact of Coronavirus is far worse than most can imagine. GDP dropped 32% during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries. The epidemiologists cannot be this stupid. The people who have died because of a lack of healthcare during this trumped-up pandemic is serious. Many have been denied healthcare and others have been afraid to even go to the hospital. I myself went to the ER and ended up in a COVID wing for two days and it took two negative tests to get out. Everything has become COVID. In Florida, a young man killed in a motorcycle accident ended up on the death list of COVID. The numbers are being manipulated and the fraud is massive.

As wave two appears with the next flu season, the media has beaten this into such an insane pandemic you would think it was the Black Plague with a 50% mortality rate. The last half of 2020 will get worse. They are using this for political objectives. Any doctor who stands up against this manipulation is attacked and then they roll out a fake study to claim they are wrong.

When I was called in as an “expert” to be exploited to create the G5 back in 1985, I saw this was all a joke and so I wrote to President Reagan. I was told that I would never be called again because I went out of the committee. I was told to be a good boy, produce studies they tell you the conclusion, and I would make a few million a year. Studies are worthless! Try to find a real one is next to impossible. They all have been paid for to achieve a political objective.

We have consumer confidence in crash mode, GDP in crash mode, and these people think they will be able to put it all back together by just defeating Trump. There is no going back. The country has been irrevocably divided and the ultimate end result will be the break-up of the United States. The left seeks to impose their will and subjugate everyone to their demands. They do not believe in individual freedom, the pursuit of happiness, and certainly not any democratic process. It is their way or no way!

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14 Comments
Glock-N-Load
Glock-N-Load
August 1, 2020 5:37 pm

Yet the stock market is not effected.

Stop crying about free stuff for the poor unless you’re also going to point out the free stuff for the rich.

Montefrío
Montefrío
August 1, 2020 7:27 pm

“The country has been irrevocably divided and the ultimate end result will be the break-up of the United States. ”

Disagree. The Spanish Civil War offers a good example. The country did not “break up” back then, although now… Why not? Because the hard-core military knew that could never be permitted . “Una, Grande y Libre”as in One [nation] Great and Free. This was inscribed on the fifty peseta coin. Franco (whose profile is on the coin) knew that if the nation were to break up, it would become prey to others and an economic basket case. The same would likely be true for the USA, or so I believe.

Glock-N-Load
Glock-N-Load
  Montefrío
August 1, 2020 9:15 pm

So, basket case one way or the other I suppose.

Articles of Confederation
Articles of Confederation
  Montefrío
August 1, 2020 11:54 pm

Nah, apples and oranges. America is too goddamn big to function as a Republic. That was one of the big beefs that folks at the time had with Jefferson’s envoy, James Monroe, purchasing the Louisiana Territory.

https://founders.archives.gov/documents/Jefferson/01-39-02-0283

Call me Jack
Call me Jack
  Articles of Confederation
August 4, 2020 4:48 am

Worked OK when it had less “vibrant diversity”.

Anonymous
Anonymous
  Montefrío
August 2, 2020 6:54 am

Takes a weak defeated mind to believe such corrupt little people, democrats, will be the undoing of the USA. Millions have died for less yet we are to believe the USA will just crack up and roll over and split; Without millions of patriots saying “fuck you, no way” as they take their last breath on this battlefield. I doubt it. If it does break up it will be with a multi generational learning tuition to both sides with tremendous bloodshed. I get the feeling people today are not going to be having family Thanksgiving with their leftist family members. I would be so bold to further assume they would have no issues when it comes to bloodshed that many families see it for what it is. The left are trying to kill the right and the right will actually defend themselves to the death, even against family at this point. Because the left use tactics other than the battlefield but the end result is the same, death. The right just wont play the bullshit long games to tyranny, and want it over with asap. This is the future the left does not understand. They understand skateboards and bike locks as weapons in a long game for Dystopian rule. The right will put them in a blender then go back to normal living within a month. Because unlike the left, the right has no interest in dominating and ruling and forcing people into a 1984 world like the little cucked nerds on the left do. They want big govt, like a big brother of protection against the dreamed up bully. But the little nerd has brought his big bother into a fight he knows not what he has entered.

Montefrío
Montefrío
  Anonymous
August 2, 2020 9:25 am

Your Thanksgiving observation struck a chord with me, a doleful chord at that. I suspect you’re all too correct on that one. How sad! I find it happening in my own family, some of whom are back in the USA. No matter how hard I try to keep communication free of politics… I fear we’re all drifting apart, becoming more and more atomized, just as the overlords wish it, and it will end with strife and difficult-to-predict consequences.

Fleabaggs .
Fleabaggs .
August 2, 2020 1:27 am

All TBP readers:

Fleabaggs here. I just wanted to share what’s been on my mind. I’ve finally decided to make an announcement.

I’ve reached a point when I’ve decided it’s time to come out of the closet.
I felt I needed to do it

I’m pitching for the other side now

Whether you think any less of me now it’s all good. The guy I met has everything in common. We can’t get enough of each others dicks. All I think about now is sucking cock. The only thing better than sucking his dick is giving a blowjob to his friend while I’m getting fucked in my ass.

We’re talking over wedding plans for this fall.

Well that’s all for right now. Tata platformers

maddmatt
maddmatt
  Fleabaggs .
August 2, 2020 5:50 am

WITAF?

Anonymous
Anonymous
  Fleabaggs .
August 2, 2020 6:59 am

Bullshit. You fucking troll

Anonymous
Anonymous
August 2, 2020 6:46 am

Wow. The most succinct description yet…the most horrid was he was confined against his will in a “for profit” hospital in the Covid 1984 wing. They were hoping he dies so they could get an extra $16,000…….

old white guy
old white guy
August 2, 2020 9:13 am

The government created this problem and why are we allowing them to continue to screw us over?

TXRancher
TXRancher
August 2, 2020 8:45 pm

No the GDP did not drop 32%. It is 32% annualized meaning that if it drops the 9% of the second quarter for the third and fourth quarters and include first quarter of 2020 then it would be 32%. But yes 9% is still a record drop.

Call me Jack
Call me Jack
August 4, 2020 4:47 am

Fraud?? You ain’t seen nothing yet.Wait until the Nov. elections.For Democrats it is win by any means necessary.