When this is all over, will we be able to patch up the economy and get things back to normal? Trump certainly claims so. But he’s wrong.
Weak attempts to patch up the problems of capitalism—as much as the coronavirus itself—are what got us into the current economic meltdown in the first place.
Let’s define some terms. When we talk about the health of the economy, there are two parts: the “real economy,” which includes all the goods and services that we produce, and the “financial economy”: money, stock markets, banks, and credit.
The coronavirus has affected the economy in stages:
First, we saw the impact on the real economy as the spread of the virus in China led to slowed production in January 2020. China shut down factories across the country to prevent the spread. Suddenly all kinds of products were not being manufactured, and other countries that buy from China saw the ripple effect. Apple began moving some production from China to other countries. Ford and Toyota shut down some plants. FedEx and UPS changed some delivery routes.
Next, we saw the delayed impact on the stock market. That did not happen right away, as some politicians (like President Trump) asserted that the virus was under control. The stock market continued to flourish through February.
But stock markets operate based on prediction, and investors were soon weighing the virus’s effect on production and consumption against the likelihood of government bailouts. From late February to the end of March, the Dow Jones recorded its worst first quarter performance since 1987.
By March, we began to see the impact on the real economy in much of the rest of the world, beyond China. Businesses stopped production or stopped providing services; restaurants closed; dry cleaners closed. A few industries did more business, such as pharmacies and grocery stores. But for the most part, huge numbers of people lost their jobs or lost hours. By April this had spread to much of the world.
The stock markets kept fluctuating as investors waited to hear the size and nature of government stimulus packages. When Congress passed a large stimulus in mid-March, the stock market rebounded for a bit, but then dropped again once unemployment numbers were released. We are likely to see continued fluctuations in the months ahead as the world adjusts to the realities of coronavirus.
DYSFUNCTION ISN’T NEW
The pandemic is exposing just how dysfunctional our economic system was to begin with. Capitalism is ideologically based on the principles of individualism and competition, but it becomes completely clear in a pandemic that what’s needed is solidarity: collective solutions that help everyone.
For example, if we assume profit should guide health care decisions, millions of people won’t be able to afford treatment, or even testing, and the virus will just continue to spread. The market solution would let rich people buy ventilators for themselves, just in case, while hospitals need them. So far, the U.S. has made no promises that a vaccine will be free or affordable.
In addition, the pandemic has exposed weaknesses that were already there in our economy. The real economy has been struggling since the 2008 crash. The virus didn’t cause the stock markets to falter in February: it was only a trigger. You could say that the real economy was already immune-compromised and had little ability to withstand disruption.
One possible path out of the 2008 crash would have been for governments to try “managed capitalism,” where governments make long-term plans to build and support certain industries, such as “green production”; invest in those industries; put money into rebuilding infrastructure; and regulate what investors can and cannot do (such as making corporations pay taxes so that some of their profit is used for public goods like schools rather than for speculative investing), so the economy is not so vulnerable to bubbles and recessions. That didn’t happen.
But it is not even clear whether that path would have worked. In fact, economic growth in most of the rich countries slowed in the 1970s and has never recovered since then. And even where we have seen some growth, such as a steady and strong growth in productivity, it has not brought about an increase in the standard of living for the average worker.
The Vaccine From Hell
Take the dark-tech of DARPA (Defense Advanced Research Projects Agency), its civilian counterpart BARDA (Biomedical Advanced Research & Development), the stealth-ness of nanotechnology, the Gates Foundation funded “Quantum Dot Tattoo” aka “mark of the beast,” and combine it with micro-needling as an inoculation platform that is conceived from how snakes inject their venom into their prey, and nanogels that can connect with external technologies outside your body like smart phones, the cloud or other smart devices (5G from satellites), and what do you have? Answer: Moderna’s new RNA vaccine against COVID-19 coronavirus.
Dr. Carrie Madej’s chilling video explanation of what Moderna is up to is worth 21 minutes of your time. Dr. Madej is a McDonough, Georgia osteopathic-trained internal medical specialist. Her video is a wake-up call to the world. It is not sensationalist reporting. Links to what Dr. Madej talks about are laced throughout this report. Dr. Madej’s report should cause the world to put these new generation of RNA/DNA vaccines on perpetual hold.
Dr. Madej’s blood curdling explanation of Moderna’s new vaccine presents a dark, chilling moment for humanity, a day of no return. It has its roots in something called Transhumanism.
Dr. Madej is saying vaccine makers are up to more than producing antibodies against pathogenic bacteria and viruses. Humanity is stepping into re-programming our entire species, homo sapiens, from what she calls version 1.0 to 2.0.
John Summers: Uncovering dark stories of Canada’s legal system in new book
There is an evident rot in the Canadian legal system and even the Canadian Bar Association has admitted that there is a growing gap in citizen’s access to justice. With many people failing to seek redress due to their lack of belief in a broken legal system, Ottawa lawyer John Summers is a perfect example of just how deep the rot has spread.
In a book authored by Peter Tremblay, he uncoversstories of a corrupt system that accommodates abuse in the most inhumane form. One in which John Summers and his firm, Bell Baker LLP, apparently exploiting a disturbed senior citizen with chronic health conditions such as high blood pressure and diabetes in his continuous abuse of his wife.
The said apparently disoriented man had been witnessed running stop signs and switching lanes erratically on the highway and even losing track of his location when driving or even walking. Yet, this lawyer continued to stand in the way of the law taking appropriate action.
How can other victims trust a legal system that allows John Summers to continually aid this abuse by having prevented the abused wife from accessing medical care and support from her son and even the police—who only seek to perform a wellness check on her.
For years, John Summers had employed every dirty trick in the book by resorting to lies, forgery and illicit collaboration with judges from the University of Ottawa, his alma mater, to frustrate every effort being made by the son to see his own mother and be guaranteed of her safety.
Titled John Summers: The Untold Story of Corruption, Systemic Racism and Evil at Bell Baker LLP, this book takes readers on a shocking journey into the alarming decline of the legal system in Canada, where both lawyers and even judges are complicit. If a court system can allow a lawyer like John Summers to not only trump over the ethical practices of his profession but also violate the constitutional rights of citizens, it becomes quite worrisome for everyone especially when it leads to the abuse, systemic racism and destruction of lives and property.
Tremblay’s book reveals just how effective and damaging certain cabals within the legal system can cripple the pursuit of justice in Canada with no form of accountability whatsoever.
The negligence shown by elites at the Law Society of Upper Canada reveals the legal system in Ontario, which is Canada’s largest province, is apparently being run by incompetent psychopaths. These group of people not only show utter disregard for the human rights of those they pledged to protect, but also for the preservation of human life.
Like many other problems, the issue of corruption in the Canadian legal system is quite complex, but one way towards resolution is to understand just how deep the problem is. This book is a must-read and will open the reader’s eyes to real-life true crime stories about the underground world of the Canadian justice system that is being censored in the media, while also revealing these pieces of evidence in court.
Bill Gates’ Comments on Covid-19 Vaccine Enflame ‘Mark of the Beast’ Worries in Some Christian Circles
If the worries of most quarantined Christians in the United States center on health and when they might resume their lives, there is a segment that wonders whether this moment has greater biblical significance. These apocalyptic-minded Christians seem to have become increasingly less concerned about the disease itself and more concerned about the government’s response to the disease.
To some, it appears Satan’s emissaries are poised to take advantage of the pandemic. Some Christian pastors believe the start of a Last Days battle for religious freedom began with the social distancing orders that have placed weekly in-person church services under fire. Tony Spell, pastor of Life Tabernacle, a Louisiana megachurch, defended his decision to hold a Palm Sunday service: “The church is the last force resisting the Antichrist, let us assemble regardless of what anyone says.” Another Louisiana pastor, Ronnie Hampton, decried the order “because Caesar is mandating how we conduct ourselves using the pretext of this virus to be able to conduct our lives and run our lives for us.”
American apocalypticists tend to be suspicious of government, of course. This is partly due to their conservative bent, but this suspicion is nearly mandated by a literalist reading of the Book of Revelation. John the Revelator’s arch-villains are political powers that institute totalitarian social controls while persecuting the righteous who refuse to profess their allegiance. The second beast of Revelation 13, commonly known as the Anti-Christ, will, according to many Christians, come to power in the chaos of the apocalypse. John described him as a miracle worker who will deceive the nations to worship the image of an earlier beast, a dragon with seven heads and ten horns that is sometimes identified as Satan himself.
The second beast enforces this strange new religion by slaughtering those who refuse to submit to his sinister call to worship. John also prophesied of an economic dimension to the Anti-Christ’s rule. He stated that this beast “causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name… his number is Six hundred threescore and six.”
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