Articles of the year 2020
Published on March 18th, 2020
The CDC Director Robert Redfield declared in a congressional hearing on Tuesday 17 March that the Corona virus had been identified and had already resulted in 14,000 deaths in the winter of 2019. At that time there was no trace in Europe or the rest of the world. It seems that this was a US borne virus and has spread from there outwards.
The pandemic that now threatens the world is American created with worldwide consequences.
These figures are a micro scopic event in the larger world state. The devastation that will accrue when the full might of the recession triggered by this virus bites.
The US shutting down its borders to incoming flights from Europe is indicative of the massive fallout that will ensue.
The more dangerous aspect is the closing down of manufacturing units factories. Wholesale and retail outlets, schools and universities, are some of the steps that have already been taken.
In Paris the gendarmes had been positioned to stop joggers from exercising in the Parks. All these point to a massive shutdown of life in the free world and the rest.
Other than simple fishing villages all others are doomed under this shadow.
No one can imagine or calculate the economic fallout from these measures.
Bars, clubs, cinemas and sports events in US and Europe that are closing down have yet to feel the blow.
The economic devastation that will follow is greater than any world war.
The economic consequences of a Europe and US shut down is truly frightening.
The numbers of countries that will go into default is nothing compared to the companies world wide that will collapse through no fault of their own.
Businesses that are hard to establish requiring huge efforts , skill and luck to achieve their present status will suddenly find themselves completely shutdown, locked by an economic meltdown. With no respite visible. To restart these companies will not be possible and the lingering effects on their human toll.
The economic fiasco will generate a huge number of scavengers looking to feed off the carcasses of collapsed companies and businesses. This human toll can not be calculated nor can it be protected against. This is a true dooms day scenario. It may have been better to let the economies and life to function as Normal and faced the Corona Virus head on as a thriving economy could be better equipped to fight a full blown epidemic rather than fight a pandemic economic shutdown and running on empty.
Economists of the world should take a closer look at the sentence that they have passed on the World.
If a fraction of a population is to face sickness or death m, it could be preferable to having an economy in full flow to cope with the epidemic. Rather then face a rising pandemic to be confronted by a weakened economy. The crippling of any economy is equivalent of leaving the old and infirm to battle a growing monster gathering its strength.
Donald Trump and the other leaders are thinking that their economic hunkering down to let the wave pass over is not the same as fighting the monster head on. Firing on all singers rather then hiding under the covers. Closing factories and shutting down the economy is passing a death sentence on the livelihood of the most people of the world. There are few that can survive in this economic fallout.
The deserted of Rome, Paris, Tokyo and Beijing are a frightening sceptre. The vision of the ever crowded of the Holy City of Mekkah performing their ritual of curtailing the now deserted Holy Kaaba is ominous and is a indicator of a dooms day.
Surely, it would be better to allow the economies of the world to function and fight the dreaded virus. Rather than allow a weakened world economy to be crushed by a rampaging Corona virus with most of the defenders hiding in bunkers. If there is any forecast, much damage will be sustained by Air France, Qatar Airways, Japan Airlines just to name few. Most airlines are running on very narrow margins. This pandemic could easily transmorph into a economic epidemic. Whose effects will be far greater than just fatality headcount.
President Trump has announced from his America First policy to America only, It makes clear that he does not care that what happens to the rest of the world. By shutting down America he has declared a world on the rest of the world.