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If someone is saying “worst since the Great Depression,” you can be certain they’re still playing a kiddie game. Try “worst since the Great Depression and also since before that, for all of history.”
This is going to be comically bad.
We are talking tens of millions of homeless in America alone, and eventually, spiraling inflation, until civil unrest leads the government to start losing control of parts of the country.
But the authorities finally admitting that it is going to be really, really bad is I guess a step in the right direction.
RT:
UN Secretary-General Antonio Guterres has said that the effects of the Covid-19 pandemic will massively increase poverty worldwide, as the number of confirmed cases continues to grow.
Guterres has held a virtual meeting with the World Bank and the International Monetary Fund (IMF). For the teleconference, the UN presented the secretary-general’s policy brief, in which he said the depth of the current global recession could be “the deepest since the Great Depression.”
In his brief, Guterres cited a grim report from the IMF from earlier this week, which noted that the worldwide economic downturn makes the “Great Lockdown” not only the worst blow to the world economy since the depression of 1929-39, but “far worse than the Global Financial Crisis,” citing data from 2009.
The IMF projected that even in the best-case scenario, if the pandemic fades in the second half of 2020, the cumulative loss of global GDP in 2020-21 could be around $9 trillion, “greater than the economies of Japan and Germany, combined.”
The UN chief warned that while the exact impact of the pandemic on the economy will vary from country to country, “Covid-19 will likely increase poverty and inequalities at a global scale.”
In his speech at the meeting, Guterres urged the World Bank and the IMF to help in “alleviating [the] crushing debt” in developing countries, particularly in Africa.
“It is not just a health pandemic. It is a jobs pandemic. A humanitarian pandemic. A development pandemic.”
In fact, it is exclusively all of that.
The health pandemic was a hoax. Except for all of the health problems that are being caused by this shut down, which I assume are extreme.
This really has been the ultimate lunacy. It is not only incomprehensible what has happened, it is unclassifiable. Even when we are capable of comprehending it, we will not be able to classify it.
I told you this first, folks. While all of the goldfish bowl brains were telling you to be worried about a flu virus, I was telling you that this stupid fake quarantine was going to collapse the economy completely.
You are now officially living in an entirely new reality, where everything is on the table.
Happy trails, good friends.
Try not to lose too much karma in Goodsprings.
