We are undoubtedly living (in) one of the most serious economic and social and crises in modern history. In some regards, we are living history and we are unable to comprehend the logic of the corona virus pandemic.
What is at stake is the pretext and the justification for closing down national economies worldwide based on a public health concern.
We have to understand the causalities. Closing down an economy, nationally and globally does NOT resolve the pandemic. In fact, it creates a situation of INSTITUTIONAL INSTABILITY.
It also results in massive unemployment, confinement of people in their homes, without employment, without food . . . That is what we’re living.
There is NO justification for closing down national economies based on a public health concern, which can be resolved, and SHOULD be resolved!
There is a very complex decision-making process, which has been PLANNED WELL IN ADVANCE. From ‘central authority’, governments are instructed to close down their economies and then, in turn, the governments instruct people to implement social engineering, not to meet, not to have family reunions . . .
And, essentially, what we do not understand, and which is fundamental, is that economic activity is the basis for the reproduction of real life. By that I mean, institutions, purchasing power of families, a whole series of activities, which have developed in the course of history – economic activity constitutes the foundation of all societies.
And what these measures have resulted in is a massive crisis, in which particularly small and medium sized enterprises are being precipitated into bankruptcy, millions of people have become unemployed, and in many countries this has resulted in mass poverty, famine, among certain groups of the population.
We have ample evidence to this effect and we have to understand that this process of closing down national economies is deliberate. IT’S A PLAN.
And, it’s co-ordinated with the financial crisis which took place in the month of February (2020), which led to massive collapse in banking institutions, stock markets and so on. Economists, conventional economists, have a tendency to say that there’s no relationship between the corona pandemic crisis and the financial crash in February. That is utterly mistaken. The fear campaign, the disinformation campaign, have facilitated the MANIPULATION OF STOCK MARKETS. And we’re (I’m) talking about the use of very sophisticated derivatives, speculative instruments and so on.
What is now happening is that governments have been indebted up to their ears. They’re paying out compensation to companies which have been affected; in some cases it’s generous bailouts, in other cases it’s part of a social safety net coming to the rescue of workers and small-scale enterprises.
And the next stage is the MOST SERIOUS DEBT CRISIS IN WORLD HISTORY. In other words, the levels of employment have crashed and companies are bankrupt. We will have a fiscal crisis of the state. In other words, a dramatic decline in (income) tax revenues due to the collapse in employment, and the companies (which have not gone bankrupt) are going to deduct corporate losses, of course (on their tax statements). How will the governments around the world continue to govern, finance social programs and so on?
It will ultimately be through a gigantic global debt operation implemented both in the so-called ‘developed’ countries – e.g. Italy, France, United States, Canada – and in the developing countries where it will be more the international financial institutions, the World Bank, the IMF, the regional development banks.
We can look at it country by country. We can see, for instance, that in developing countries the informal sector, let’s say in India or in certain countries in Latin America, (such as) Peru, a large sector of the labour force is involved in what is called the ‘informal sector’; self-employed, small-scale industries and so on. Well, this has been COMPLETELY WIPED OUT and the people affected are left very often, homeless. The only choice they have is to do it to go back to their home villages and in the process they are the victims of famine and a situation of TOTAL MARGINALIZATION.
That is the scenario. It’s beyond global poverty. It’s mass unemployment. It is something which has been ENGINEERED, it’s not something which is accidental. And it’s certainly not something which has been used to resolve a global health crisis.
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