The stock market has been sent reeling for a second straight day amidst reports of a growing Coronavirus pandemic, with the loss in stock value being the greatest two-day decline since the financial crash of 2008.
The S&P 500 index declined by more than 3% on Tuesday, closely followed by the Dow and NASDAQ. The decline in stock prices seems primarily fueled by new reports of the Chinese Coronavirus’ global spread. The disease is beginning to enter widespread circulation in countries such as Iran and Italy, the latter of which has been hardest hit by the viral disease in any country outside of Asia.
Trump administration officials are reassuring the public about the containment of the viral disease, hoping to shore up the decline in stock prices by encouraging discounted investment in the market.
The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!
— Donald J. Trump (@realDonaldTrump) February 24, 2020
Markets plunged immediately when officials of the Center for Disease Control were quoted as saying a genuine spread of the pandemic to the United States was “inevitable.” The governmental agency then went on the walk back the claims.
The coronavirus has directly affected the American economy by putting an effective freeze on imports from China, shutting down trade and exchange of goods in the pandemic’s epicenter. The implications of the disease on the American economy have led some commentators to question the wisdom of closely linking American markets to the authoritarian Communist nation, where the response to the disease has been heavily criticized for a lack of transparency.
The coronavirus outbreak shows how important it is for us to keep our borders secure.
It's also why @realDonaldTrump is right to want a trade policy focused on increasing American manufacturing. He understands that it's dangerous for our economy to be beholden to China!
— Donald Trump Jr. (@DonaldJTrumpJr) February 25, 2020
As the virus appears to be picking up steam globally, it may seem that health officials are finally getting the better of the epidemic in China. New diagnoses of Coronavirus in China have decreased significantly over the past week.
The human suffering caused by the disease obviously remains the most pressing issue at hand. The economic implications will prove less lasting, and the decline in stock prices may present an opportunity for financial investment.
Globalists are Planning ‘Climate Lockdowns’ to Finish Off Economic Prosperity in the West
They are coming for everything.
While COVID-19 mass hysteria may be waning, the globalists are intent on continuing the trend of locking down society and destroying economic prosperity for the peasants.
After the scamdemic comes to an end, it will be climate change used to pump the masses full of fear and get them to accept Draconian measures to cripple their own civilization.
Mariana Mazzucato, a professor at the Economics of Innovation and Public Value Center at University College London, is setting the stage for climate lockdowns if unprecedented taxation and centralized power are not exerted over the economy.
“Under a ‘climate lockdown,’ governments would limit private-vehicle use, ban consumption of red meat, and impose extreme energy-saving measures, while fossil-fuel companies would have to stop drilling,” Mazzucato wrote in her white paper, “Avoiding a Climate Lockdown.”
She contends that the only way to stop the inevitability of climate lockdowns is to “overhaul our economic structures and do capitalism differently,” meaning do away with it entirely and replace it with totalitarian socialism.
“[G]overnment assistance to business must be less about subsidies, guarantees, and bailouts, and more about building partnerships. This means attaching strict conditions to any corporate bailouts to ensure that taxpayer money is put to productive use and generates long-term public value, not short-term private profits,” she wrote.
“Because markets will not lead a green revolution on their own, government policy must steer them in that direction. This will require an entrepreneurial state that innovates, takes risks, and invests alongside the private sector,” Mazzucato contended.
Her writings are already influential, according to the New York Times, among politicians who are using her scribblings as an excuse to take unprecedented power-grabs.
Sen. Elizabeth Warren (D-MA) has incorporated Mazzucato’s writings into policy ideas such as using “federal R & D to create domestic jobs and sustainable investments in the future.” Rep. Alexandria Ocasio-Cortez (D-NY) is considering Mazzucato’s ideas to strengthen her Green New Deal proposal.
Even Republican lawmakers are embracing Mazzucato’s extreme anti-capitalist doom prophecies. Sen. Marco Rubio (R-FL) cited Mazzucato in his proposal, “American Investment in the 21st Century,” which is essentially a manifesto of surrender to the Left from the failed neoconservative 2016 presidential hopeful.
“We need to build an economy that can see past the pressure to understand value-creation in narrow and short-run financial terms,” Rubio wrote in the introduction, “and instead envision a future worth investing in for the long-term.”
Mazzucato has also influenced former British Labour Party leader Jeremy Corbyn, former British prime minister Theresa May, and Scottish leader Nicola Sturgeon. Mazzucato’s reach extends to other countries such as Germany and South Africa, and she is considered a charismatic rising star in the field of economics.
It should be obvious by now that the ruling elites never intend to restore freedom to pre-COVID levels. The lockdowns are a permanent fixture of society now, and they will be reintroduced at some point under the guise of stopping climate change.
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