This is the title of an article that Jared Harris has written for The Western Journal:
China’s rush to reopen factories and markets in the midst of a poorly understood outbreak may backfire, a failure that could result in one of the worst depressions the world has ever seen.
It’s no secret that the COVID-19 virus has dealt a punishing blow to the Chinese economy since its emergence months ago. With over 700 million now under some form of lockdown to control the coronavirus, work has ground to a halt.
Seeing a slowdown of new cases has prompted the ruling communist party to urge work to resume, with the party’s Global Times mouthpiece proclaiming “we must be resolute in resuming economic activity.”
Considering how little is known about the novel coronavirus, pushing workers to return to factories, markets and sales floors en masse does not look like a good decision.
Fortunately for virologists, a closed system with the virus exists on board the Diamond Princess cruise ship. Unfortunately for the people on the massive boat, their role as a large-scale petri dish shows just how contagious this bug really is.
Despite officials’ best efforts to contain the virus on the ship, the initially small number of infected soon soared to 454.
“The quarantine process failed,” National Institute of Allergy and Infectious Diseases director Dr. Anthony Fauci told USA Today.
“I’d like to sugarcoat it and try to be diplomatic about it, but it failed. People were getting infected on that ship.”
It’s unclear why the quarantine failed and transmission occurred, but it may be because the virus is more easily spread through the air than previously thought. Although it’s not thought to be airborne, the CDC still recommends airborne procedures and protective gear.
If COVID-19 is able to spread through the air, the cruise ship’s ventilation system may be a major factor in the baffling infection rates.
Once that possibility is applied to China, where hundreds of millions are holed up in high-rise apartments designed according to loose Chinese standards, the potential of this disaster becomes clear.
Although the Chinese government claims to have a handle on the epidemic, changes in the diagnosis criteria have seen confirmed cases spike by over 14,000 in a single day. Skeptics also remain unconvinced that the country’s communist regime is being honest.
The predicament of the Chinese worker is apparent: The government appears close to giving the all-clear for many. Those voicing skepticism on Chinese social media are swiftly silenced. China’s social credit system likely also puts pressure on citizens to return to work.
While those with symptoms may stay home, the virus can hitch a ride on clothing and other materials. There is even evidence that infected individuals may be able to spread COVID-19 without showing symptoms.
China, the world’s second-largest economy, would be absolutely devastated if this virus made a strong resurgence. The impact on other countries would be downright horrifying.
China’s exports would grind to a halt, depriving the United States of $480 billion worth of goods. Take a look at some of the things around you right now. Many of these items (including the phone or computer you’re reading this on) likely originated in a Chinese factory.
The effect on American retailers would be disastrous. Walmart, for example, imports an estimated 80 percent of its products from Chinese suppliers, according to the Alliance for American Manufacturing.
Japan, Germany and the United Kingdom, three of the largest economies in the world, also rely on Chinese exports worth billions.
Needless to say, all of these exports grinding to a halt virtually overnight would not be pleasant for the world economy. Even the U.S. economy, at an all-time high thanks to President Donald Trump, would not escape without a major beating.
If the quarantines in China are failing just as they are on the Diamond Princess, we could be headed for the biggest economic gut punch since the Great Depression.[2]
Talk about Helter Skelter, if this materializes like the article suggests, the economic effects globally will be nothing short of catastrophic.[3]
© 2020, Timothy D. Naegele
[1] Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com
[2] See https://www.wnd.com/2020/02/expert-warns-quarantine-process-failed-china-stands-ready-crash-world-economy/ (emphasis in original); see also https://naegeleblog.wordpress.com/2011/01/13/china-is-americas-enemy-make-no-mistake-about-that/#comment-23012 (“Deadly Coronavirus Proves Immune To Political Correctness”)
[3] See, e.g., https://naegeleblog.wordpress.com/2015/07/01/global-chaos-and-helter-skelter/ (“Global Chaos And Helter Skelter”) and https://naegeleblog.wordpress.com/2010/01/19/emp-attack-only-30-million-americans-survive/ (“EMP Attack: Only 30 Million Americans Survive”)
Tim, An excellent review. Easy to read and comprehend. Richard
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Thank you, Richard. Coming from you, those are great compliments and much appreciated.
Again, the economic effects globally may be nothing short of catastrophic.
My earlier comments echo these concerns.
See https://naegeleblog.wordpress.com/2011/01/13/china-is-americas-enemy-make-no-mistake-about-that/#comment-23012 (“Deadly Coronavirus Proves Immune To Political Correctness”); see also https://www.dailymail.co.uk/health/article-8024213/Every-pore-body-opened-British-victim-describes-like-coronavirus.html (“‘Every pore on my body opened’: British victim describes what it is like to have coronavirus”) and https://naegeleblog.files.wordpress.com/2020/03/timothy-d.-naegele-resume-20-3-10.pdf
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The Economic Ripple Effects Of Coronavirus Are Staggering Already [UPDATED]
With much worse yet to come, in all likelihood.
Indeed, the article above discusses the full-blown economic issues. In China alone, the economic effects have hit hard. Enda Curran, Michael Sasso, and Karlis Salna have written for Bloomberg:
See https://www.bloomberg.com/news/articles/2020-02-22/coronavirus-hobbles-supply-chains-from-watches-to-lobsters (“The Virus Is Interrupting Supply Chains From Watches to Lobsters“) (emphasis in original); see also https://www.bloombergquint.com/global-economics/millions-of-chinese-firms-face-collapse-if-banks-don-t-act-fast (“Millions of Chinese Firms Face Collapse If Banks Don’t Act Fast“) and https://www.dailymail.co.uk/news/article-8034547/Giorgio-Armani-cancels-Milan-fashion-coronavirus-killed-two-people-near-city.html (“Giorgio Armani cancels Milan fashion show after coronavirus killed two people near the city“) and https://www.cnbc.com/2020/02/24/us-futures-coronavirus-outbreak.html (“Dow futures drop 700 points as coronavirus cases outside China surge“)
Ultimately, the net effects may be as mentioned above: (1) “companies look to move business out of China,” and (2) “[t]he virus has confirmed that everyone has been too dependent on China.”
Only time will tell for certain . . . but this does not take into account the global health issues generated by the Coronavirus, which may be devastating.
See, e.g., https://www.dailymail.co.uk/news/article-8036213/World-reaches-coronavirus-tipping-point-three-deaths-spark-panic-Italy.html (“World reaches coronavirus ‘tipping point’ as three deaths spark panic in Italy“) and https://www.dailymail.co.uk/news/article-8037595/Coronavirus-Thousands-queue-buy-face-masks-South-Korea.html (“Coronavirus: Thousands queue to buy face masks in South Korea“)
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KILLER CORONAVIRUS [UPDATED]
The article above and the comments and links beneath it may present the tip of an enormous “iceberg” of economic and health calamities facing the world. Only time will tell for certain.
See https://naegeleblog.wordpress.com/2020/02/20/expert-warns-quarantine-process-failed-as-china-stands-ready-to-crash-world-economy/ (“Expert Warns Quarantine Process Failed, As China Stands Ready To Crash World Economy“) and https://naegeleblog.wordpress.com/2020/02/20/expert-warns-quarantine-process-failed-as-china-stands-ready-to-crash-world-economy/#comment-23171 (“The Economic Ripple Effects Of Coronavirus Are Staggering Already“); see also https://naegeleblog.wordpress.com/2015/07/01/global-chaos-and-helter-skelter/ (“Global Chaos And Helter Skelter“) (see also the extensive comments beneath this article)
The latest information, which will be updated as much as possible, presents dire predictions and ominous fears for the future. It is not this author’s intent to scare anyone. Indeed, there is every reason to believe that the United States and its residents may fare better than those of other countries.
For example, Sam Blanchard, Senior Health Reporter for the UK’s Daily Mail, has written:
See https://www.dailymail.co.uk/health/article-8037835/Coronavirus-rapidly-fitting-Disease-X-category-World-Health-Organization-expert-warns.html (“Is the killer coronavirus now disease X? World Health Organization expert warns the infection is ‘rapidly’ fitting category for the mysterious pathogen scientists fear will kill 80million”) (emphasis in original; graph, diagram and video omitted); see also https://www.dailymail.co.uk/news/article-8037389/Beijing-warns-citizens-not-travel-unfair-treatment-amid-coronavirus-outbreak.html (“Beijing warns its citizens not to travel to the US due to unfair treatment amid coronavirus outbreak“) and https://www.cnbc.com/2020/02/24/us-futures-coronavirus-outbreak.html (“Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years“) and https://www.msn.com/en-us/news/world/coronavirus-skyrockets-in-italy-cases-surge-from-3-to-more-than-200-in-a-few-days/ar-BB10jFlo (“Italy’s coronavirus lockdown shows how the outbreak is testing democracies“) and https://apnews.com/041a70e832d06dc7f09e0f724efa1321 (“Desperate to stop virus’ spread, countries limit travel“) and https://www.cnbc.com/2020/02/25/coronavirus-latest-updates.html (“US confirms 53 cases, CDC outlines pandemic planning“) and https://www.dailymail.co.uk/health/article-8043325/Top-CDC-official-says-parents-need-prepare-tele-schooling-coronavirus-pandemic.html (“Top CDC official says parents need to prepare for tele-schooling if coronavirus becomes pandemic“) and https://www.newsmax.com/newsfront/health-ministry-quarantine-precautions/2020/02/26/id/955924/ (“Israel Warns Against Any International Travel“) and https://www.newsmax.com/newsfront/coca-cola-sweetener-supply/2020/02/26/id/955927/ (“Coca-Cola’s Artificial Sweetener Supply Hit by Virus“) and https://sanfrancisco.cbslocal.com/2020/02/27/gov-newsom-coronavirus-testing-kits-shortage/ (“California only has 200 testing kits for the coronavirus“) and https://www.cnbc.com/2020/02/26/dow-futures-fall-after-microsoft-issues-coronavirus-warning.html (“Dow plunges 1,100 points, bringing its decline from a record high to more than 10%“) and https://variety.com/2020/biz/asia/tokyo-disneyland-theme-parks-coronavirus-1203518619/ (“Tokyo Disneyland Theme Parks Closed in Coronavirus Reaction“)
[“Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a spiked shell which resembles a royal crown”]
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California Is A Disaster
It has been reported that California is monitoring at least 8,400 people for the coronavirus. At the same time, the state only has 200 testing kits for the virus.
If this is not a basis for getting rid of the governor and all Democratic officials in the state—and in other far-Left states like it—nothing ever will be. And yes, lots of us began as Democrats but will never vote for one again.
See https://www.cnbc.com/2020/02/27/california-is-monitoring-8400-people-for-the-coronavirus.html (“California is monitoring at least 8,400 people for the coronavirus“) and https://sanfrancisco.cbslocal.com/2020/02/27/gov-newsom-coronavirus-testing-kits-shortage/ (“California only has 200 testing kits for the coronavirus“)
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The Coronavirus Pandemic Is Arriving With A Thud [UPDATED]
Eric Mack has written at Newsmax.com:
See https://www.newsmax.com/newsfront/gdp-death-epidemic-medical/2020/03/07/id/957321/ (“Best-Case Scenario 15M Dead, $2.4T GDP Hit“) (emphasis added); see also https://en.wikipedia.org/wiki/Pandemic (“Pandemic“) and https://en.wikipedia.org/wiki/List_of_epidemics (“List of epidemics“) and https://www.newsmax.com/us/fauci-coronavirus-nih-cruise/2020/03/08/id/957376/ (“NIH’s Dr. Fauci to Elderly and Vulnerable: ‘Don’t Get on a Cruise Ship'”) and https://www.dailymail.co.uk/news/article-8102665/Donald-Trump-closes-borders-Europe-pledges-financial-aid-sick.html (“Donald Trump closes the borders with Europe and pledges financial aid for the sick“) and https://www.dailymail.co.uk/news/article-8101135/Intensive-care-units-stop-treating-elderly-coronavirus-outbreak-worsens.html (“Italy announces all shops except pharmacies and food outlets will CLOSE amid coronavirus crisis“) and https://www.dailymail.co.uk/news/article-8101887/Ohio-order-force-NCAA-Tournament-games-without-fans.html (“NCAA officially BANS spectators from March Madness games“) and https://www.dailymail.co.uk/news/article-8101871/New-York-City-cancels-St-Patricks-Day-parade.html (“Coronavirus US: New York City cancels St Patrick’s Day parade“) and https://www.dailymail.co.uk/news/article-8100447/Bottom-line-going-worse-Dr-Tony-Fauci-offers-grim-assessment-coronavirus.html (“‘Bottom line, it’s going to get worse’: Dr. Tony Fauci offers grim assessment of coronavirus”) and https://www.dailymail.co.uk/news/article-8102785/Tom-Hanks-wife-Rita-Wilson-test-positive-coronavirus.html (“Tom Hanks and wife Rita Wilson test positive for coronavirus“) and https://www.bbc.com/news/world-us-canada-51835856 (“Coronavirus: Up to 70% of Germany could become infected – Merkel“) and https://www.cnbc.com/2020/03/12/coronavirus-nba-suspends-season-after-player-tests-positive.html (“Coronavirus: NBA suspends season after player tests positive“) and https://www.hollywoodreporter.com/news/coronavirus-nyc-venues-shutter-1284249 (“Broadway to Go Dark, NYC Venues Shutter Amid Coronavirus Pandemic“) and https://www.wnd.com/2020/03/china-doubles-blaming-america-coronavirus/ (“China doubles down on blaming America for coronavirus”—”Fox News reported Chinese state-run media began spreading the wild suggestion that ‘President Trump went to China and released vials of COVID-19 on groups of unsuspecting men, women and children'”) and https://www.hollywoodreporter.com/news/ncaa-cancels-march-madness-tournament-coronavirus-outbreak-1284245 (“NCAA Cancels March Madness Tournament Amid Coronavirus Outbreak“)
The Coronavirus is changing lives like nothing the world has faced since World War II.
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Will The Coronavirus Kill The New World Order? [UPDATED]
This is the question posed by Pat Buchanan—an adviser to Presidents Richard Nixon, Ronald Reagan and Gerald Ford, and a former GOP presidential aspirant himself—who has written:
See https://buchanan.org/blog/will-the-coronavirus-kill-the-new-world-order-138281 (emphasis added); see also https://www.dailymail.co.uk/news/article-8107427/America-shuts-Congress-warned-150MILLION-infected-coronavirus.html (“America shuts down as Congress is warned 150MILLION will be infected with coronavirus: Highways and airports are deserted, DC is a ghost town and millions of people mob grocery stores to get supplies“)
We may be at a turning point in human history, not seen since World War II. Hold on tight. The ride may be bumpy, and perilous.
Lastly, China lies and lies and lies. It unleashed the Coronavirus, and it must be boycotted.
See, e.g., https://www.dailymail.co.uk/news/article-8105527/China-government-spokesman-says-U-S-military-bought-virus-China.html (“China says U.S. military may have brought coronavirus to epicenter Wuhan“)
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America’s hospitals Will Be Overrun In Just Eight Days [UPDATED]
This is the assertion of Barack Obama’s Medicare boss, which has been reported by Jennifer Smith in the UK’s Daily Mail:
See https://www.dailymail.co.uk/news/article-8112063/America-braces-coronvirus-collapse-100-00-ICU-beds-10-MILLION-hospitalized.html (“America’s hospitals will be overrun with coronavirus in just EIGHT DAYS: Obama’s Medicare boss issues dire warning as doctors say as many as 500,000 are already infected and 10 MILLION will need care“) (emphasis added; videos, Tweets and diagram omitted); see also https://www.dailymail.co.uk/news/article-8112479/Trump-tested-coronavirus-waiting-results.html (“Trump test NEGATIVE for coronavirus“) and https://en.wikipedia.org/wiki/Spanish_flu (“Spanish flu”—”The death toll is estimated to have been anywhere from 17 million to 50 million, and possibly as high as 100 million, making it one of the deadliest epidemics in human history”)
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China’s Hitler, And Beyond The Coronavirus Crisis
[Xi Jinping]
Former Speaker of the United States House of Representatives Newt Gingrich has written:
See https://www.gingrich360.com/2020/03/beyond-the-crisis-protecting-our-physical-and-economic-health/ (“Beyond the Crisis – Protecting Our Physical and Economic Health“); see also https://www.gingrich360.com/2020/03/america-italy-and-the-dual-coronavirus-threats/ (“America-Italy and the Dual Coronavirus Threats”—”Because the demand for respirators and intensive care has been beyond any previous planning, doctors have been forced into the kind of triage thinking developed for intense battlefield casualty situations. There are reports that emergency room doctors are allotting respirators to those with higher life expectancy due to the limited equipment in the hardest hit areas of the province. If you are older or have other illnesses, you may simply not be eligible for treatment. . . . President Trump was right to cut off travel from China as soon as it was clear how big the pandemic was going to be. He saved American lives and bought time for America to be more prepared as the pandemic developed. . . . By the same standard, President Trump was exactly right to ban travel from Europe. . . . Faced with a pandemic threat, history teaches us it is far better to be over prepared than underprepared. . . . We should be planning for a worst-case pandemic and using the kind of intensity of implementation which served us so well in World War II. . . . At the same time, we are solving the public health crisis we also must solve the economic challenge. Italy has a worrisome economic problem, because it was already sliding into a recession and the necessary steps to isolate the disease will also crush the economy. There is a real danger that the Italian banks will fail and will pull the European banks down with them. As President Trump and the Congress consider what we must do to keep America growing and prosperous they have to recognize that we may need to grow strongly enough to help pull Europe out of a deep recession by this fall. We can’t just think about what is happening economically in the United States. A collapsing Europe would have huge impact on the entire world economy including America“) and https://naegeleblog.wordpress.com/2019/08/13/china-is-americas-enemy-and-the-enemy-of-free-people-everywhere/#comment-23495 (“China Lies And Lies And Lies, And It Must Be Boycotted“)
One impressive businessperson and “seer” has asked with respect to China and its dictatorial leader Xi:
The answer, of course, is that Mao would have done that. So would Hitler; and in fact he did it.
Some might argue that such reasoning by us is fanciful, unrealistic, racist and warmongering. I prefer to err on the side of caution, pragmatism and realism.
The Chinese economy was teetering; they were losing the economic and military race with us; and they were developing such weapons at their lab near Wuhan. Why? Why not use them?
Some of China’s population has been sacrificed already, just as Mao did. The world is in chaos. China may be recovering. Are they realizing their goal?
Let’s add one other factor into the equation: China’s ability and willingness to launch a nation-ending EMP Attack against us, to finish us off. Sound far-fetched/ Maybe. Maybe not.
See https://naegeleblog.wordpress.com/2010/01/19/emp-attack-only-30-million-americans-survive/ (“EMP Attack: Only 30 Million Americans Survive“) and https://www.bloomberg.com/news/articles/2020-03-17/mnuchin-warns-virus-could-yield-20-jobless-rate-without-action-k7wheob8 (“Mnuchin warns virus could yield 20% jobless rate without action“) and https://www.dailymail.co.uk/news/article-8122673/Global-recession-begins-FIFTH-workers-lost-wages-coronavirus.html (“Treasury Secretary Steve Mnuchin ‘warns unemployment in the US could hit 20 PERCENT’ for the first time since 1935: Coronavirus plunges economy into recession with a fifth of workers already losing wages and fears millions will be laid off in days“)
Lastly, thank God for President Trump. He is telling the truth.
See https://www.dailymail.co.uk/news/article-8125915/Donald-Trump-triples-calling-coronavirus-Chinese-virus.html (“Donald Trump triples down on calling coronavirus ‘the Chinese virus'”) and https://www.dailymail.co.uk/news/article-8125943/Fox-News-host-Tucker-Carlson-praises-Donald-Trump-calling-coronavirus-Chinese-virus.html (“Fox News host Tucker Carlson backs Donald Trump for calling coronavirus ‘the Chinese virus’ and says it shows the president ‘at his best'”)
Make no mistake about it, as I have written before, China is America’s enemy and the enemy of free people everywhere. And Xi Jinping is its autocratic and sinister leader.
See https://naegeleblog.wordpress.com/2019/08/13/china-is-americas-enemy-and-the-enemy-of-free-people-everywhere/#comment-23495 (“China Lies And Lies And Lies, And It Must Be Boycotted“)
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We Are At War
And China’s authoritarian leader, Xi Jinping, is the face of our enemy.
Pat Buchanan—an adviser to Presidents Richard Nixon, Ronald Reagan and Gerald Ford, and a former GOP presidential aspirant himself—has written:
See https://buchanan.org/blog/are-americans-all-in-for-a-long-coronavirus-war-138334 (“Are Americans All-In for a Long Coronavirus War?“) (emphasis added); see also https://news.yahoo.com/u-virus-plan-anticipates-18-190626012.html (“U.S. Virus Plan Anticipates 18-Month Pandemic and Widespread Shortages“)
The United States and the American people are to freedoms what China and its totalitarian regime under Xi are to repression: night-and-day differences. Xi is America’s enemy; and at the very least, he and China must be crushed economically.
Last year, John Mauldin wrote in Forbes:
See
https://www.forbes.com/sites/johnmauldin/2019/11/12/chinas-grand-plan-to-take-over-the-world/ (“China’s Grand Plan To Take Over The World“) (emphasis in original)
Have Xi and his Chinese leadership jumpstarted their attacks on the West by unleashing the Coronavirus? Is this the “time bomb” that will allow Xi to accomplish his goals during his lifetime, before passing the torch to his successors? Is this really what the Chinese virus, or the Coronavirus, is really all about?
If so, then we must wage the war with every ounce of courage and determination that Americans used to destroy Hitler’s Germany, Imperial Japan and the Soviet Union’s brand of communism too. Nothing less will suffice.
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