‘Stock markets are crumbling. Oil has cratered. Interest rates are decimated. Economic indicators are pointed straight down. What’s going on?
These are the very barometers and thermometers of Capitalism and Free Enterprise, and they are sounding a “death rattle” reminiscent of imminent demise.
The coronavirus (COVID-19) contagion in Wuhan, China was not admitted by Chinese officials until December 31, 2019. On January 19, 2020, without even mentioning the coronavirus outbreak, the new head of the IMF addressed the Peterson Institute which prompted the headline in The Guardian, “IMF boss says global economy risks return of Great Depression“.
This new IMF leader, Kristalina Georgieva is a died-in-the-wool Technocrat who worships at the alter of the UN’s Sustainable Development, aka Technocracy, and is a vociferous leader in the war to stop global warming.
Did she have an inside track on what was about to happen? Was she a co-conspirator with the UN to achieve its stated goal of killing Capitalism and Free Enterprise altogether?
While everyone else in the world is eager to blame the coronavirus for today’s tsunami of horrific economic and market news, I suggest that they take a deeper look: when you see the big picture, you can more likely predict what is about to happen next.
In July 2018, I wrote,
Technocrats are licking their chops as politicians drive society into failure and chaos because they will ultimately wind up controlling everything in the end, scientifically, of course. A great moral hazard exists in that the Humpty Dumpty of economy and politics is at risk to be given a little push off the wall.
Well, Humpty Dumpty wasn’t just nudged, he was drop-kicked off the wall. ‘