Doug Casey on the Economic Outcomes of the Coronavirus

Via Casey Research

Editor’s note: Last week, our founder, Doug Casey, shared why he believes the coronavirus is a “manufactured scam”… and how the feds will use it to avoid blame for the coming Greater Depression.

Today, as promised, we’re sharing part two of this Conversations With Casey. Read on below to hear Doug’s thoughts on the true consequences of this pandemic… and what he considers the only solution that could restore some normalcy.


Daily Dispatch: Doug, what will be the true economic outcome from the pandemic? And what especially does it mean for the people within the economy?

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THROTTLE UP

“For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled.” Richard Feynman – Rogers Commission

5 Things You May Not Know About the Challenger Shuttle Disaster ...

“It appears that there are enormous differences of opinion as to the probability of a failure with loss of vehicle and of human life. The estimates range from roughly 1 in 100 to 1 in 100,000. The higher figures come from the working engineers, and the very low figures from management. What are the causes and consequences of this lack of agreement? Since 1 part in 100,000 would imply that one could put a Shuttle up each day for 300 years expecting to lose only one, we could properly ask “What is the cause of management’s fantastic faith in the machinery? … It would appear that, for whatever purpose, be it for internal or external consumption, the management of NASA exaggerates the reliability of its product, to the point of fantasy.” – Richard Feynman – Rogers Commission

The phrase “Throttle Up” jumped into my consciousness in the last week when Trump and his coronavirus task force of government hacks and bureaucrat lackeys announced the guidelines for re-opening America, as if a formerly $22 trillion economy, tied to a $90 trillion global economy, could be turned off and on like a light switch. Clap off, clap on. It just doesn’t work that way. The arrogance and hubris of people who think they can declare a global shut down for a virus and think they can easily deal with the intended and unintended consequences of doing so, is breathtaking in its outrageous recklessness and egotistical belief in their own infallibility.

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The Press is Deliberately Trying to Hurt People for Political Change?

Guest Post by Martin Armstrong

People are starving because of this nonsense of locking down the entire nation. Many live paycheck to paycheck. The leftist media could care less. The total population in Florida is 21.48 million people. The total cases were 30,533 with 1,046 deaths. This is about one-third of the death rate from the flu.

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Turning and Churning

Guest Post by Jim Kunstler

It’s one thing to get sandbagged by a public health crisis ­– a plague being about the worst kind – and quite another for an advanced, complex economy to fall away under your feet like a freight elevator that snapped its cables. The two are now linked in the public imagination, which naturally churns out narratives to serve the collective human craving for pattern recognition.

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Benefits vs. Costs and COVID-19

Guest Post by Walter E. Williams

Benefits vs. Costs and COVID-19

One of the first lessons in an economics class is everything has a cost. That’s in stark contrast to lessons in the political arena where politicians talk about free stuff. In our personal lives, decision-making involves weighing costs against benefits. Businessmen make the same calculation if they want to stay in business. It’s an entirely different story for politicians running the government where any benefit, however minuscule, is often deemed to be worth any cost, however large.

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The Unseen Death Toll of Covid-19 Measures

Guest Post by Tom McClintock

Is Anyone Looking at the Unseen Death Toll of COVID-19 Measures ...

The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.

In the first three weeks since governors began shutting down commerce in their states, 17 million Americans filed for unemployment, and according to one survey, one quarter of Americans have lost their jobs or watched their paychecks cut. Goldman Sachs predicts that the economy will shrink 34 percent in the second quarter, with unemployment leaping to 15 percent.

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BURNING DOWN THE HOUSE

Watch out you might get what you’re after

Hold tight wait till the party’s over
Hold tight We’re in for nasty weather
There has got to be a way
Burning down the house

Talking Heads – Burning Down the House

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning

The risk of catastrophe is high during the climax phase of a Fourth Turning. The John Hopkins Covid-19 Dashboard above appears to portray a global catastrophe. We are in the midst of a catastrophe, but it isn’t this Chinese bio-lab virus creating the catastrophe. The catastrophe is once again being created by the Federal Reserve, their Wall Street owners, corrupt politicians, and authoritarian bureaucrats. We are burning down our house with formerly working Americans still inside.

The graphic from John Hopkins is a perfect example of globalist produced propaganda that would make Edward Bernays so proud. There are 7.8 billion people on the planet and the Covid-19 graphic gives the impression 7.5 billion people have it. The entire U.S. is covered in blood red, as if the country is being overwhelmed in disease. Of course that narrative is entirely false.

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“Under Siege” – Social Unrest Unfolds As Frustrated Americans Demand Reopening Of Economy

Via ZeroHedge

We laid the groundwork for readers over the last three weeks that social instabilities could materialize during or after the pandemic. It has become clear that protests in Lansing, Michigan, on Thursday (April 16), was the beginning of the lockdown-backlash that is now unfolding across the country.

Americans are becoming increasingly frustrated with state governments that have closed their economies and issued strict stay-at-home public health orders, resulting in one of the worst economic crashes in the country’s history.

More than 22 million people have lost their jobs in a month, and the true extent of the crash won’t be realized until the second half of the year. The one thing we do know is the financial crash has been so severe that it has forced people to organize on social media to mobilize en mass at their respective state capitol buildings across the country, demanding their governors reopen the economy and return life to normal.

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Doug Casey: The US Is Becoming a Police State

Via Casey Research

Editor’s note: In yesterday’s Conversations With Casey, our founder, Doug Casey, revealed why he believes the coronavirus hysteria is overblown – and how the government’s response will ruin our economy.

Today, we continue our conversation with Doug, and hear his thoughts on the long-term social and political implications of this “manufactured crisis”…


Daily Dispatch: Doug, yesterday we talked about the hysteria surrounding the coronavirus and what effect it will have on the economy. Following up on that, how does that all play out politically? After all, it is an election year.

Doug Casey: The political consequences of this are going to be very interesting. Will Trump be re-elected in the midst of all of this? Well, if the Democrats are stupid enough to run the corrupt, senile, and clearly somewhat demented Biden, I think Trump could win. But no guarantees in the middle of a world class crisis.

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What Price Victory — in the Coronavirus War?

Guest Post by Pat Buchanan

What Price Victory -- in the Coronavirus War?

What does this deliberate decision to shut down the country and carpet-bomb our own economy, upon which we all depend, tell us about what we Americans value?

The same day the number of U.S. dead from the coronavirus disease hit the 15,000 mark, we also crossed the 15 million mark on the number of Americans we threw out of work to slow its spread and “bend the curve.”

For each American lost to the pandemic, 1,000 Americans have lost their jobs because of conscious and deliberate decisions of the president and 50 governors.

Some 60,000 citizens, we are told, will likely be lost in this pandemic. Are we prepared to accept 60 million unemployed to “mitigate” those losses?

What price victory in this good and necessary war to kill the virus? Is it unseemly or coldhearted to ask?

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THE ROAD TO PERDITION IS PAVED WITH EVIL INTENTIONS – A FINAL RECKONING

In Part 1 of this article I pointed out how we have allowed ourselves to be cowed by authoritarian “experts” who have proven to be nothing but incompetent and wrong every step of the way, while the financiers have used the crisis once again to pillage the citizens as they did in 2008/2009.

The absurdity of shutting down this country based on academic death models that make economist and climatologist models look highly accurate in comparison, can be seen in the ludicrousness of the following chart. And realize we did this on purpose because of a virus that will kill .018% of the U.S. population. And most of those deaths will occur in several highly dense urban enclaves, with the rest of the country barely affected.

By shutting down the country the government has crushed virtually every business in the country and putting tens of millions out of work, with resulting crash in tax revenues at the Federal, State and Local level. At the same time, Trump and everyone in Congress have become Bernie Sanders socialists, except most of it is corporate socialism. The deficit was already on track to top $1.2 trillion, but with the $2.2 trillion stimulus package, and more to come, the deficit this year and next will approach $3 trillion.

“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.”Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

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Shutdown Society or Not

Guest Post by Paul Craig Roberts

A leading microbiologist gives the opposite view of virologist Marc Wathelet whose approach to controlling the virus I have posted on this website.

https://www.hannenabintuherland.com/europa/leading-german-microbiologist-society-shut-down-is-grotesquely-dangerous-collective-suicide-sucharit-bhakdi/

Both scientists make a lot of sense.  As I understand them, Dr. Wathelet’s recommendations stem from the West’s unpreparedness.  The lack of masks, tests, hospital capacity, and ventilators, together with the high infection rate of the virus, means that the health care system can be easily overwhelmed by the numbers of sick people. 

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The Five Things You Absolutely Cannot Say About COVID-19

Authored by James Corbett via Off-Guardian.org,

Pssst. You.

Yeah, you.

Are you interested in talking about…things? You know, the kind of things that we’re not allowed to talk about anymore? You know, since the…uhhh…“The Event“?

You are? Great. I mean, you might have noticed things are getting a bit hairy out there. As in, you’re likely to get your head bitten off for daring to suggest that things may not be totally ok with the “new normal.”

It seems all these new social norms and cultural taboos that have arisen in the past few weeks have also created a raft of new thoughtcrimes: Things that must not be spoken for fear of being expelled from polite society… or worse.

That’s why it’s so vitally important for us to speak out about our concerns before these socially-policed thoughtcrimes become literal crimes. As I’m sure you know, if these new social norms are not confronted, voicing dissent will soon become impossible.

So, allow me to voice some thoughtcrimes of my own. But be forewarned: I assure you that you will find at least some of my ideas to be offensive. You will disagree with them strongly. You will become irate.

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