Before the Corona virus appeared, the economic system was teetering along like a delusional drunk on a cliff edge. Now a “Black Swan” like no recent other, has been injected into the collapse parthenon. In the video discussion below Professor Guy McPherson, Peter Miller and Kevin Hester discuss the possibility that COVID19 could be the domino to if not trigger collapse, be a catalyst to speeding up our decent into the abyss.
An audio only version of the discussion can be found here at ‘Podbean’.
Professor McPherson and I have both previously discussed how fragile the supply chain is on a good day let alone during the ‘Perfect Storm’ we are currently navigating. That video and links to the David Korowicz paper titled; “Trade Off: Financial system supply-chain cross contagion – a study in global systemic collapse” is embedded here;
In this recent article from ‘The Atlantic’ is a report titled “The Modern Supply Chain is Snapping”. This supply chain is already ‘Snapping’ when we are in the very early stages of this pandemic.
We discussed the ‘Ponzi Scheme” that is latest Wall St Bailout; “The New York Federal Reserve Bank said it will offer $1 trillion of overnight loans a day through the end of this month to large banks. That is in addition to $1 trillion in 14-day loans it is offering every week.”Federal Reserve to lend additional $1 trillion a day to large banks.
I mentioned this article about the imminent collapse of the Swiss health system; Swiss hospitals face collapse in 10 days if virus keeps spreading
Peter referred to Professor McPherson’s latest analysis titled Edge of Extinction: Managing COVID-19 and the Aerosol Masking Effect. I have covered that issue previously at this blog; Global Dimming Keeping the Planet Habitable
Click on the embedded links for verification of the information discussed, subscribe to the blog for the unvarnished analysis as we circle the drain. The predicament can only be worse than we know.