James Rickerds Warning: China's Collapse Has Only Begun!! Global Economy is Toast!
James Rickards Warning : China’s Collapse Has Only Begun !! Global Economy Toast !!
The Atlantis Report: Premiered 2 hours ago
James Rickards : China’s Collapse Has Only Begun !! Global Economy Toast !! China is toast.
Quarantining 400 million people 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.
Restrictions on travel have been imposed, and people aren't going to work, which is bad news for what is the world's second-biggest economy.
Does anybody really believe that China is self-imploding its economy for some common flu? This thing kills the young and healthy, just like the Spanish flu. Once it gets loose in India and Africa, it will go ballistic.
How can people be adequately screened when you can carry the virus for 14 days with no symptoms and still be contagious?
There are now more than 30 1500 confirmed cases worldwide ; at least 724 patients have died, and that includes a Chinese doctor who tried to warn the world about a month ago.
The effect of the spread of the coronavirus on global supply chains is devastating for the global economy. If this continues for another month, there won't be any Chinese economy left.
Infected Chinese Mainlanders are escaping to Hong Kong and out to other countries at this moment. FLIGHT CAN STILL BE PURCHASED ONLINE. You can't shut off the entire country of China, the manufacturing engine of the world, and move on as nothing happened.
I can't think of any positive outlook at all. Rural areas will ride it out better than others, of course. This is a precursor to something terrible.
The 2nd amendment is useless against the plague. The global debt-based economy is already so fragile that it did not need a black swan like a coronavirus pandemic to bring it crashing down.
I expect the banksters will claim that it was the pandemic that crashed the economy and demand ever more publicly funded bailouts.
For the full transcript go to https://financearmageddon.blogspot.com