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Global Economic Consequences of COVID-19

Consumption

The panic resulting from the events starting with the deaths in Wuhan keeps spreading globally faster than the spreading of the virus itself. Quite apart from the immediate health dangers, now a new economic danger looms large globally. We are facing the prospects of a deep and lasting global recession regardless of the health policy and economic policy measures taken by China, the US and other countries unless there is timely global cooperation and coordination. What will be the global economic impact of COVID-19 if swift and effective action is not taken globally? Is there a way to find out through some kind of rigorous model-based economic analysis?

Haider A. Khan

Indeed there may be a sober reality-based way of looking at the possible economic consequences. In work that is still ongoing, I have used the best available data from the World Bank, the IMF and other national and international sources about the Global Economy to do precisely this exercise. My preliminary results pertain to the overall effects for the World economy, China, the US, the Middle East as well as for specific sectors. More importantly, they also give us some rough insights into what the panic might mean for the major regions unless we take effective global action quickly.

In order to assess the impact, I have derived several sets of model-based counterfactual results. My work which is ongoing can be seen as a first step in analyzing the impact of COVID-19 rigorously. Aggregate consequences for the Global, Middle-Eastern(ME), EU and US economies in terms of output and employment losses are estimated from several models for several scenarios. These are both the containment costs and costs stemming from global panic with higher and lower bounds and an in-between scenario. Finally, a more complex economic systems model with explicit banking and financial sectors is used to analyze the financial systems scenarios.

It is clear that China will suffer the most. But so will Japan, the Middle East, the US and EU economies along with many other smaller economies. Hence there is no reason for the rivals of China to rejoice.With maximal containment costs and panic, Chinese GDP will decline by several percentage points. EU will lose about two percentage points and US about between one and one and a half per cent.But some of the model results already at hand should give thoughtful ME, US and EU citizens pause. With declining oil prices, the oil producing economies are already experiencing economic downturns. The direct and indirect effects of COVID-19 will worsen this trend.

As a first approximation, my current modeling results show that the easing of monetary policy and implementing expansionary fiscal policies—even if they are imposed immediately and coordinated globally— will take about six months to kick in and will lead towards the very low loss scenario, especially for China. But for EU and the US financial firms, the loss will be considerably more than what we have seen so far. The corresponding loss in global employment in these and other sectors should also give all countries pause.

While medical and public health professionals struggle to understand the nature of the virus and devise antidotes, strong economic measures need to taken globally and within countries to protect vulnerable groups. A coordinated interest rate cut will most probably happen; but monetary policy can not by itself help increase global investment and output. Tax cuts will help but will take time even if they are wisely designed to help not just the global rich but the middle class and the low income groups. Fiscal policies through direct government expenditures targeted to specific sectors and groups will be necessary.

Furthermore, trade policies are important too. If trade barriers go up because of this panic reinforcing earlier hostilities then all countries will be losers. The hostilities against China may well be heading in that direction. Likewise, some countries might try to counteract the loss in exports by devaluing their currencies. Such moves can rapidly expand through the international system creating a competitive devaluations scenario where no one will ultimately win.

Consider also the role that trading networks have always played. Clearly, with globalization these networks of firms across the globe are even more important than before. With a large scale disruption the dynamics of network trade may easily break down. Since networks require time to build up again, such large scale disruptions will result in longer term malfunction of the global trading system.

The world leaders must act quickly and resolutely before it is too late. We are facing the possibility of a vicious downward cycle in the global economy. Single countries can act and indeed have acted unilaterally, for example the US by cutting interest rates citing an emergency situation. But global coordination of monetary, fiscal, trade and exchange rates policies is sorely needed. If there was ever a time to devise globally coordinated policies through cooperation among US and China(G-2), the G-7 and more broadly, the G-20, it is now.

IPS



102 Comments on "Global Economic Consequences of COVID-19"

  1. makati1 on Wed, 18th Mar 2020 8:45 pm 

    I would say we are headed for a worldwide DEPRESSION, not recession. Time will tell.

  2. JuanP on Thu, 19th Mar 2020 1:21 am 

    The zionists are laughing, the ovens should be fired up for the jew bastards now!

  3. ANAL REAPER on Thu, 19th Mar 2020 5:56 am 

    Usually a say some racial slurs and call Juan and makatai1 faggots but i concur with them.

  4. printbabyprint on Thu, 19th Mar 2020 6:58 am 

    https://www.yahoo.com/news/scientists-found-oil-mars-truffles-085951853.html
    This one is for clogggie . We are saved

  5. Abraham van Helsing on Thu, 19th Mar 2020 7:43 am 

    We need to throw the jews in the ovens now!, before the economy collapses and we cant afford it!

  6. Abraham van Helsing on Thu, 19th Mar 2020 10:37 am 

    The previous post was written by mobster.

  7. Rick on Thu, 19th Mar 2020 10:37 am 

    Greed will be our downfall.

  8. JuanP on Thu, 19th Mar 2020 11:22 am 

    Greed will be my downfall.

  9. Abraham van Helsing on Thu, 19th Mar 2020 1:23 pm 

    “99% of patients killed by coronavirus in Italy had existing illnesses, new study finds”

    https://www.dailymail.co.uk/news/article-8130479/99-patients-killed-coronavirus-Italy-existing-illnesses-study-finds.html

    “According to the study, the most common of these problems in Italy include high blood pressure, heart disease and diabetes.”

  10. Abraham van Helsing on Thu, 19th Mar 2020 1:27 pm 

    This is going to haunt Donnie until November:

    https://therecount.com/watch/trump-coronavirus-calendar/2645515793

  11. Abraham van Helsing on Thu, 19th Mar 2020 4:45 pm 

    Italian Corona data:

    https://www.epicentro.iss.it/coronavirus/bollettino/Infografica_17marzo%20ENG.pdf

    Median age cases: 63

    Deaths:

    70+ 1760
    70- 240

  12. Abraham van Helsing on Thu, 19th Mar 2020 4:56 pm 

    China, Korea and Singapore seem to have the pandemic under control:

    https://www.sciencemag.org/news/2020/03/coronavirus-cases-have-dropped-sharply-south-korea-whats-secret-its-success

    “Coronavirus cases have dropped sharply in South Korea. What’s the secret to its success?“

    Answer: massive testing and hence early identification and isolation. Korea has NO curfew.

  13. makati1 on Thu, 19th Mar 2020 5:06 pm 

    The US refuses to test because the numbers would exceed China’s. Instead, the deaths are listed as the normal flu. Once again,Amerika proves it is the land of liars and hypocrites. Blow-back, boomerang, or what ever you want to call it, it is well deserved.

    Not that that really matters as the US economy is in the tank and swirling down the drain. Good thing dollars don’t have to be actually printed anymore. The Fed’s printing press burned up last week.

    Will we see million dollar bills before the end? Who’s picture on the front? Trump? We shall see.

    Depression Ahead! Buckle/mask up! Sigh!

  14. Abraham van Helsing on Thu, 19th Mar 2020 5:25 pm 

    Where would we be without Eindhoven!

    The TU-Eindhoven has a sophisticated simulation model with which to predict the corona development per country:

    https://www.tue.nl/en/news/news-overview/11-03-2020-eindhoven-data-scientists-take-on-corona-data-to-predict-growth-of-new-infections/

    China ans Korea are stable.
    Iran, Italy are approaching peak.
    For the previous 4 countries a defined ceiling is in sight.

    The rest is in too early stage to predict the equilibrium value.

  15. FuelShortageComing on Thu, 19th Mar 2020 6:49 pm 

    South Korea and Singapore are not diverse. They did not try to growth their population with brown shit skins.

    Western nations is a different story.

  16. JuanP on Thu, 19th Mar 2020 6:57 pm 

    Bad shit coming your way Mak. Please be careful love

  17. I AM THE MOB on Thu, 19th Mar 2020 11:09 pm 

    A virus is a powerful weapon of economic warfare, able to do to China’s economy what a trade war could not do.

  18. Abraham van Helsing on Fri, 20th Mar 2020 12:07 am 

    “A virus is a powerful weapon of economic warfare, able to do to China’s economy what a trade war could not do.“

    The contribution of the American in our midst.

    A diverse society like the US can be blown up Yugoslavia-style, what no foreign army could have achieved.

    https://documents1940.wordpress.com/2018/06/11/cw2-brewing/

  19. Theedrich on Fri, 20th Mar 2020 12:44 am 

    Some Chinkvirus facts: (1) The media is trying to defeat the Trump government’s attempts to battle the pathology.

    (2) The U.S. (and global) economy is already suffering seriously due to anti-viral measures.

    (3) Most worrying, there is a grave possibility:  The thingy could mutate.  The Ebola mutant known as the Zaire Ebola virus (possibly from bats in Zaire, now the Democratic Republic of Congo) had a 90% lethality rate.  (The original Ebola — only 70% death rate — itself was named after a small river, Ebola [“Black River”], not far from the Zairean village, Yambuku, where it first emerged.)

    One of the most fearsome of all scenarios would be yet another mutation of the Chinkvirus into one that kills at the same rate as the Zaire Ebola.  Given that the spread of the current agent is likely to infect perhaps half or more of all ~7.8 billion hominins on the planet, and that each infected human is a laboratory for viral variation, the chances of such a mutation are unnervingly great.  Such an event would greatly reduce the footprint of homo sapiens on earth.  And no, Trump would not be responsible for the outbreak of such a virus.  Regrets to Adam Shiff, Nancy Pelosi & Co

  20. Abraham van Helsing on Fri, 20th Mar 2020 1:03 am 

    Pictures from an American gunshop, interpreted by the prophetess of CW2:

    https://youtu.be/sl_ANtKzgf8
    [36:42]

    Both the political left and right are stocking up on weapons and ammo. From a Eurasian perspective, the American problem is solving itself.

  21. Abraham van Helsing on Fri, 20th Mar 2020 1:15 am 

    Again Richard Spencer on why Trump is going to lose in November:

    https://youtu.be/f6NoMf1sCGM

    His argument: in 2016 Trump won by a very thin margin. He lost the popular vote, but thanks to the system of electoral college he narrowly won anyway.

    Spencer thinks that 4 years of demographic shift to the disadvantage of Trump-voting older whites, plus the gross mishandling of the Corona crisis, will cause Trump to lose by a landslide.

  22. world grater supremacist muzzie lovin for the sake of supremacist muzzies on Fri, 20th Mar 2020 1:46 am 

    well the beervirus is really for attacking whitey supertard trump’s reelection anyone who is a frm-paultard know that
    oh by the way is whitey supertard president paul dead? no
    then what about the republic, liberty?
    that’s very disrepsectufl of supertards to drop everything, even whitey supertard president paul and dropped straight into fear

    see what rationality lead to? without fear of (((supremetard))) one fear everythign, incluidng manufactured fear

    never be disrespetful to the hari seldon of asimov – the real whtiey supertard president paul who can tell history with uncany acuracy

  23. makati1 on Fri, 20th Mar 2020 2:27 am 

    You might have to tell the dumbed down, uneducated, unread Amerikans who Hari is.

    “Hari Seldon is a fictional character in Isaac Asimov’s Foundation series. In his capacity as mathematics professor at Streeling University on the planet Trantor, Seldon develops psychohistory, an algorithmic science that allows him to predict the future in probabilistic terms.” WIKI

    “Isaac Asimov was an American writer and professor of biochemistry at Boston University. He was known for his works of science fiction and popular science. Asimov was a prolific writer who wrote or edited more than 500 books and an estimated 90,000 letters and postcards.” Wikipedia

    A real SF writer with the intelligence and imagination unequal of any SF author these days.

    I have the entire series and have read them many times over the decades. Still one of my favorite series. They hold a prominent position in my library.

  24. Davy on Fri, 20th Mar 2020 4:37 am 

    “Both the political left and right are stocking up on weapons and ammo. From a Eurasian perspective, the American problem is solving itself.”

    LOL, you stupid fucks will be using knives and machetes when those of us armed will have the equalizer. I am glad I have my guns and the ability to use them. You are fucked cloggo when food gets short. So many people in one place. It has to be unnerving

  25. Davy on Fri, 20th Mar 2020 4:48 am 

    “Spencer thinks that 4 years of demographic shift to the disadvantage of Trump-voting older whites, plus the gross mishandling of the Corona crisis, will cause Trump to lose by a landslide.”

    The gross mishandling is with the Chinese and Europeans. Mishandling is with the Americans too. The Chinese sloppiness and unwillingness to admit they fucked up is the worst mishandling. The China virus could have been stopped there. It is then on the backs of the eurotards who did not shut down their contacts with China early enough. Trump is doing fine if he does not get sick with the virus. I think this virus will be the excuse that takes away the sting of an economy heading for correction anyway. He now has an excuse. The Dims are now not saying shit about all the multi-gates they dream up. The deep state is in panic and the Bahr/Durham report is due out someday…probably delayed because it naturally will be explosive for the criminal behavior of the Dims. Senile Joe is the candidate which has to be the worst candidate I have ever seen fielded in my days of voting. I mean come on the guy is losing his mental faculties and corrupt as they come.

  26. Davy on Fri, 20th Mar 2020 4:50 am 

    “You might have to tell the dumbed down, uneducated, unread Amerikans who Hari is.”

    Ah, sleepy joe makato, you are the one without an education who ran off to the 3rd world. You are now 80 mi from 20MIL people on an island that is not self-sufficient in food???? Who is dumb????? LMFAO

  27. JuanP on Fri, 20th Mar 2020 4:59 am 

    I was so rong about the virus

    Worse Than War”: Italian Army Convoy Removes Coffins From Overwhelmed Town

    https://www.zerohedge.com/health/worse-war-italian-army-convoy-removes-coffins-overwhelmed-town
    Fri, 03/20/2020 – 04:15

    Reuters has confirmed widely circulating which shows a deeply disturbing apocalyptic and dystopian scene of a large convoy of military trucks removing bodies from a town in northern Italy which has been devastated by coronavirus.
    Local government and morgue facilities in the town of Bergamo, northeast of Milan, have been overwhelmed by the number of cases and deaths.
    “Italy ordered the army to move bodies from a northern town at the center of the coronavirus outbreak where funeral services have been overwhelmed as the government prepared to prolong emergency lockdown measures across the country,” Reuters reports.

  28. JuanP on Fri, 20th Mar 2020 5:03 am 

    Cloggie, you look like shit too

    Migrants Riot At German Refugee Camp, Display ISIS Flags Over COVID-19 Quarantine

    Migrants housed at a refugee camp in Germany began rioting, displayed the ISIS flag and subsequently tried to escape after they were put under a coronavirus quarantine.

    After a migrant tested positive for coronavirus at the facility in Suhl, Thuringia, a quarantine was ordered for the other 533 residents and the camp was sealed off.

  29. JuanP on Fri, 20th Mar 2020 5:08 am 

    Ad this Cloggie:

    How The European Union Turned The Coronavirus Into A Pandemic

    https://www.zerohedge.com/geopolitical/how-european-union-turned-coronavirus-pandemic

    The emergence of Europe as the new epicentre of the coronavirus pandemic has as much to do with the European Union’s inept handling of the crisis as it does with the resilience of the virus itself.
    When the world first learned about the existence of coronavirus in China at the start of the year, the EU’s response, like much of the rest of the world’s, was to adopt a wait and see approach as to how it developed.
    The problem for the EU, though, is that it has maintained this lackadaisical approach long after it became clear that the virus was going to develop into a global, rather than a specifically Chinese, issue. More pertinently, the EU’s failure to raise its game, after the rapid spread of the virus resulted in much of Europe coming to a standstill, means that the EU is now trying to play catch-up in terms of asserting a leadership role.

  30. JuanP on Fri, 20th Mar 2020 5:11 am 

    Wow, I was so rong about the virus!!

    50 New Infections Every Hour In Iran, One Death Per 10 Minutes: Health Ministry

    https://www.zerohedge.com/health/50-get-covid-19-every-hour-iran-one-death-10-minutes-health-ministry

    Despite that between Tuesday and Wednesday of this week Iran witnessed its biggest ever single-day spike in Covid-19 cases, authorities are still struggling to get everyone to observe quarantine and self-isolation measures, especially after throngs of hardline Shia demonstrators have gathered to protest the closure of two of the country’s holiest shrines in the city of Qom.
    Toward this end, Iran’s Health Ministry spokesman Kianush Jahanpur made an astounding statement to put things in perspective, saying the current soaring numbers show that—
    “In Iran, every ten minutes one person dies from the coronavirus, 50 get infected.”
    He added in the Twitter statement “And every 10 minutes one person dies.”

  31. JuanP on Fri, 20th Mar 2020 5:14 am 

    I am extremely depressed and suicidal. I can’t take all these dangers.

    NASA Warns Two Asteroids Could Cause Atmospheric Explosion Over Earth This Week

    https://www.zerohedge.com/health/nasa-warns-two-asteroids-could-cause-atmospheric-explosion-over-earth-week
    As if 2020 weren’t overwhelming enough, in addition to the potential start of World War 3, the massive fires in Australia, the locust plague in the Middle East and Africa, and the novel coronavirus, we are now dealing with multiple asteroids hurtling towards Earth. One of the asteroids may even collide with Earth’s atmosphere resulting in an atmospheric explosion tonight!

  32. Davy on Fri, 20th Mar 2020 5:47 am 

    “The Fragile System Supplying Food to the World Is Under Strain”
    https://tinyurl.com/wtp5pgq Bloomberg

    “Global warehouses are stuffed with frozen cuts of pork, wheels of cheese and bags of rice. But as the coronavirus snarls logistical operations, the question becomes: How does all that food actually get to people? Despite the inventories, grocery stores are looking almost apocalyptic with aisles of empty shelves. Panic buying has made it nearly impossible for retailers and suppliers to keep up with the unprecedented spike in demand. In just one example of the constraints, there’s a finite number of trucks that can load up at warehouses to bring in the chicken or ice cream or toilet paper that people want to buy. There are limits on how much time can be spent stocking shelves or filling rail cars. Then there’s this weird knock-on from the outbreak in China: Fewer goods were shipped out of Asia last month, and now there aren’t enough empty containers in countries like Canada to send peas out to the world. “There’s a complicated web of interactions we don’t often think about that’s all part of the food-supply chain: truckers, rail cars, shipping, plant workers,” said Jayson Lusk, head of the department of agricultural economics at Purdue University. There are “big buckets of possible disruption,” and it’s possible the whole thing “is more fragile than we think it is,” he said.”

  33. DerHundistLos on Fri, 20th Mar 2020 6:10 am 

    How did it come to this?

    The approach of the Trump regime to date has been, “no data, no problem.” Trump’s approach from jump has been to minimize the problem, mock the sufferers, game the numbers, and blame Obama. (If you’d like to check that assertion, someone already has: https://www.nytimes.com/2020/03/15/opinion/trump-coronavirus.html)

    Any lead time the US may have had has been squandered in fecklessness. Countries from Singapore to South Korea are managing to test large portions of their populations, but in the US we’ve administered 11,000+ and turned away God knows how many more.

    The governor of Ohio stated the state has 100,000 active cases. The Ohio Department of Health believes 100,000 Ohioans are carrying coronavirus, confirming that. In Virginia, within a week, the number infected went from two reported cases to 45 reported cases and one death.

    For his part, Trump tells a nation terrified of coronavirus that none of this is his fault. At a news conference last week, Trump lied, insulted reporters, and explicitly refused to take responsibility for his own actions when directly asked.

    When Trump was asked about the admission of Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, that our lag in testing was “a failing.” And he was asked if he takes responsibility for this failure.

    Trump’s response: “I don’t take responsibility at all.”

    The president claimed that “we were given a set of circumstances and we were given rules and regulations and specifications from a different time,” and this existing legal infrastructure “wasn’t meant for this kind of event with the kind of numbers that we’re talking about.” Translation, please.

    It’s astonishing because Trump has spent the better part of his term dismantling the federal government’s pandemic fighting infrastructure.

  34. Abraham van Helsing on Fri, 20th Mar 2020 6:11 am 

    Resilient Germans.

    Mortality:

    Italians 8.0%
    British 3.9%
    Germans 0.2%

    https://www.dailymail.co.uk/news/article-8131443/Germany-beating-coronavirus-survival-odds-Country-10-999-infections-just-TWENTY-deaths.html

    “How Germany is beating the coronavirus survival odds: Country has 10,999 infections but just TWENTY deaths and a 0.18% mortality rate compared to Britain’s 137 deaths and 3.9% death rate”

    https://www.youtube.com/watch?v=MTAEIhOWChs

    Ramzpaul: “Why is Italy sick and Germany healthy?”

  35. Abraham van Helsing on Fri, 20th Mar 2020 6:30 am 

    The Chinese sloppiness and unwillingness to admit they fucked up is the worst mishandling. The China virus could have been stopped there.

    You won’t get away with this that easy:

    https://www.moonofalabama.org/2020/03/false-claims-about-the-novel-coronavirus-and-how-to-debunk-them.html#more

    “False Claims About The Novel Coronavirus And How To Debunk Them”

    Myth:

    The novel coronavirus SARS-CoV-2 is a Chinese virus that comes from bats. It infected people because Chinese people eat bats.

    Facts:

    The source of the virus is actually not known. The patient number 1, the person who first carried the virus, has not been found. The Wuhan wet market where exotic animals are sold was not the source of the outbreak

    Agree with that. It is too early to put the blame on anyone. Only a thorough international investigation will lead to results.

    Fact is: China, UK, US, Canada, all were working on bio-weapons. In theory they all could have spread the virus. The fact that geopolitical adversaries of the US like China and Iran and also defector to the New Silk Road Italy, were the worst hit, should definitely put the US (=Israel) on the list of suspects, next to possible sloppiness of the Chinese or US water carrier UK.

    Until then, shut up about the “Chinese virus” until you have proof.

  36. Davy on Fri, 20th Mar 2020 6:39 am 

    “The Chinese sloppiness and unwillingness to admit they fucked up is the worst mishandling. The China virus could have been stopped there.” You won’t get away with this that easy: https://www.moonofalabama.org/2020/03/false-claims-about-the-novel-coronavirus-and-how-to-debunk-them.html#more “False Claims About The Novel Coronavirus And How To Debunk Them Myth: The novel coronavirus SARS-CoV-2 is a Chinese virus that comes from bats. It infected people because Chinese people eat bats. Facts: The source of the virus is actually not known. The patient number 1, the person who first carried the virus, has not been found. The Wuhan wet market where exotic animals are sold was not the source of the outbreak”

    Cloggo, twists the point around because he is backtracking. BTW in the past you have grilled me for using Moon of Alabama and now you use it as your own. LOL. Cloggo, the main point of this pandemic is it could have been stopped in China and they screwed it up. They denied a problem because the Chinese are too worried about appearances. There totalitarian regime made sure this virus became a pandemic. How it happened is irrelevant in this regards.

    “Fact is: China, UK, US, Canada, all were working on bio-weapons. In theory they all could have spread the virus. The fact that geopolitical adversaries of the US like China and Iran and also defector to the New Silk Road Italy, were the worst hit, should definitely put the US (=Israel) on the list of suspects, next to possible sloppiness of the Chinese or US water carrier UK.”

    Sure cloggo, the whole bio tech industry of your techno optimist faithful needs to be shut down. It is a ticking death weapon.

    “Until then, shut up about the “Chinese virus” until you have proof.”

    I detect raw nerves of a wounded animal yet when do you ever shut up, dumbass? You blather on and on with Anglo derangement how this is an Anglo issue. It is a global issue and all the facts point to China and a fuck up in regards to not containing he pandemic there because of a pride issue. How it happened and who is responsible is secondary now.

  37. Cloggie on Fri, 20th Mar 2020 6:48 am 

    New career opportunities for bartenders and waitresses! Cafe’s, hotels and restaurants in the Netherlands are all going bust. On top of that, the Eastern Europeans prefer to stay in their own relatively Corona-free countries and nobody is left to pick the fruit in the Dutch greenhouses.

    Two problems, one solution:

    https://www.ed.nl/dossier-coronavirus/aardbeienteler-uit-gemert-zit-door-corona-zonder-poolse-seizoenskrachten-eetcafe-uit-beek-en-donk-springt-bij~a84fc557/

    Everybody from the hospitality industry goes to the agro-business. At least until the robots take over. Too bad strawberry-plants don’t tip.

    https://deepresource.wordpress.com/2020/03/15/robotics-in-dutch-horticulture/

  38. Abraham van Helsing on Fri, 20th Mar 2020 6:56 am 

    “Cloggo, the main point of this pandemic is it could have been stopped in China and they screwed it up.”

    Newsflash: China is the first country in the world that actually brought the virus to a grinding halt. Eventually all countries will by copying Chinese behavior.

    “They denied a problem because the Chinese are too worried about appearances.”

    Perhaps, but yesterday I posted a video with ridiculous statements from Trump about Corona that were at least as bad as anything the Chinese have shown:

    https://www.youtube.com/watch?v=HvE9hCZ-jaU

    “the whole bio tech industry of your techno optimist faithful needs to be shut down. It is a ticking death weapon.”

    It should. Difficult to verify though.

    “You blather on and on with Anglo derangement how this is an Anglo issue.”

    I have said that at the moment we don’t know who did it, only that we have a list of suspects: China, US-Israel, UK, Canada. Feel free to add to that list if you have an argument.

    “How it happened and who is responsible is secondary now.”

    It absolutely is NOT secondary. It is very “interesting” to know who has the criminal energy to do such a thing. We are talking 10,000 deaths and counting. But it sounds to me that you are afraid of the outcome of such an investigation.

  39. Davy on Fri, 20th Mar 2020 7:16 am 

    “Cloggo, the main point of this pandemic is it could have been stopped in China and they screwed it up.” “Newsflash: China is the first country in the world that actually brought the virus to a grinding halt. Eventually all countries will by copying Chinese behavior.”

    My god you are dense. Cloggo, they have not halted it. They halted the first wave with many more to come. They could have stopped this and you are in denial of this!!!

    “They denied a problem because the Chinese are too worried about appearances.” “Perhaps, but yesterday I posted a video with ridiculous statements from Trump about Corona that were at least as bad as anything the Chinese have shown:”

    “Perhaps” is one big understatement cloggo. You can point all you want at Trump but more pointing needs to be for inept EU!!

    “You blather on and on with Anglo derangement how this is an Anglo issue.” I have said that at the moment we don’t know who did it, only that we have a list of suspects: China, US-Israel, UK, Canada. Feel free to add to that list if you have an argument.”

    You are pointing your Anglo deranged finger any chance you get and only backtracking when you look absurd.

    “How it happened and who is responsible is secondary now.” “It absolutely is NOT secondary. It is very “interesting” to know who has the criminal energy to do such a thing. We are talking 10,000 deaths and counting. But it sounds to me that you are afraid of the outcome of such an investigation.”

    Nope, I am really just tired of the finger pointing but here on this site I do enjoy neutering the binary extremist of AsiaUp, EuropeUP, and luantics anti-American anything from juanPee. I visit other blogs and comment and it is mostly we need to quit the finger pointing and attempt to rebuild global value chains at smaller scale with cooperation. But the fact of the matter is this virus could have been stopped in China and it wasn’t because of an appearance issue. This is the case for Chinese people whether they did this or not. Their leadership fucked them. Xi’s head should be taken for this by the Chinese people. If this was a Chinese accident then they should be held accountable in the court of global opinion. Yet, at this level nothing will likely ever be known because all sides will point finger and deny. The Chinese people on the other hand can react to their leadership that failed miserably. If this was a plant by foreign powers then this could be considered a mistake but deserving less responsibility from the Chinese people because this would have been an attack. This fact may never be known. So, for now the Chinese people deserve accountability from their leadership is the only accurate opinion.

  40. Abraham van Helsing on Fri, 20th Mar 2020 7:18 am 

    Differences in national Corona strategy. The Netherlands (and Britain) are at least flirting with the “herd immunity” strategy: to not implement a maximum lock-down but intentionally let a minimum number of people get infected, from the knowledge that they will be infected sooner or later anyway. You can’t have too many people infected at the same time, as that would overwhelm the health system, but you should not aim at a minimum number either, because if you relax he lock-down, you will get an explosion after all.

    The herd-immunity strategy aims at a controlled maximum number of infections that your health system still can manage.

    https://tinyurl.com/qlxvmpy

    No lock-down for the Netherlands soon. I can still drive my car and go for a walk in the forest, unlike the French or Spanish or Italians.

    76 deaths so far.

  41. Davy on Fri, 20th Mar 2020 7:21 am 

    “Everybody from the hospitality industry goes to the agro-business. At least until the robots take over. Too bad strawberry-plants don’t tip.”

    That’s no short-term solution, cloggo. That may be an idea for a longer-term solution to collapse but forget your world of autonomous this and that. That world evaporated like a popcorn fart last month and you still talk about it. cloggo, you are in a very bad place in some ways becuase you are in consumption and population overshoot. You are one of the most densely populated countries on earth dependent on exporting. Not a good job description in this day and age.

  42. Davy on Fri, 20th Mar 2020 7:30 am 

    “The herd-immunity strategy aims at a controlled maximum number of infections that your health system still can manage. “No lock-down for the Netherlands soon. I can still drive my car and go for a walk in the forest, unlike the French or Spanish or Italians.”

    Where I am at, we have the gradual increase of social distancing. In Missouri we are showing few infections. Of course, testing is low but hospitals are not showing cases yet which meaning we are weeks behind some areas. In my area people social distance anyway even in times without a pandemic. We are a car culture and a drive through culture. We are suburban and rural mostly around here. We do have too big cities but these are more suburban sprawls than dense cities like EU. In the case of this pandemic this means less exposure conditions. Now other areas of the US are more typically global like the east and west coast. These places will suffer more like population dense EU. We still have a good functioning local economy around here. We are an agricultural area anyway. This fact will lower the coming food shortages. It is still going to be ugly when people are not eating their favorite things.

  43. Abraham van Helsing on Fri, 20th Mar 2020 7:31 am 

    “they have not halted it. They halted the first wave with many more to come. They could have stopped this and you are in denial of this!!!”

    They HAVE stopped it. They were the first to be confronted with this situation and had to learn everything:

    https://edition.cnn.com/2020/03/19/asia/coronavirus-covid-19-update-china-intl-hnk/index.html

    “The coronavirus pandemic began in China. Today, it reported no new local infections for the first time”

    https://www.tue.nl/en/news/news-overview/11-03-2020-eindhoven-data-scientists-take-on-corona-data-to-predict-growth-of-new-infections/

    “If this was a plant by foreign powers then this could be considered a mistake but deserving less responsibility from the Chinese people because this would have been an attack.”

    Obfuscating brain fart, typical for empire dave. Meandering meaningless word salads.

    America, since 1933, is an enterprise determined to conquer the entire world for a certain minority, with ANY means. Destroying every German city with firebombing, nuking Japanese cities, inventing war crimes the vanquished didn’t commit, provoking wars in Vietnam, killing US-president who opposed The NWO Agenda, tele-crashing planes into US high-rise buildings to create the pretext for a ME-invasion, setting up Syria for destruction, organize a regime change in Kiev, in Caracas, in Chile. The list goes on.

    There is not a shred of doubt that said circles DO have the criminal energy to exercise such an event.

    But the game is over. It’s now US-UK against the rest of world. I already know who is going to win this fight. White people, both in Europe and North-America, have no future if we do not destroy the ZOG-bots {mobster, empire dave, joe esquire}.

    Your days are numbered. Corona could deliver the unexpected tipping point.

  44. REAL Green on Fri, 20th Mar 2020 7:51 am 

    cloggo just won another debate again Davy.

    dumbass

  45. JuanP on Fri, 20th Mar 2020 8:01 am 

    cloggie just won another debate gain juanPee.

    dumbass

  46. Davy on Fri, 20th Mar 2020 8:10 am 

    “they have not halted it. They halted the first wave with many more to come. They could have stopped this and you are in denial of this!!!” They HAVE stopped it. They were the first to be confronted with this situation and had to learn everything:”

    You can’t believe much coming out of China but the cloggo will if it is pro-cloggo. Hong Kong is seeing new cases spike and with China trying to get back to work they are too but they keep a tight noose on news

    “https://edition.cnn.com/2020/03/19/asia/coronavirus-covid-19-update-china-intl-hnk/index.html”

    Fake news network of really better “criminal news network”

    “If this was a plant by foreign powers then this could be considered a mistake but deserving less responsibility from the Chinese people because this would have been an attack.” “Obfuscating brain fart, typical for empire dave. Meandering meaningless word salads.”

    Translation: I am a wounded animal unable to deal with all this negative-cloggo news

    “America, since 1933, is an enterprise determined to conquer the entire world for a certain minority, with ANY means. Destroying every German city with firebombing, nuking Japanese cities, inventing war crimes the vanquished didn’t commit, provoking wars in Vietnam, killing US-president who opposed The NWO Agenda, tele-crashing planes into US high-rise buildings to create the pretext for a ME-invasion, setting up Syria for destruction, organize a regime change in Kiev, in Caracas, in Chile. The list goes on.”

    Translation: When an argument is lost shift the conversation to WWII

    “There is not a shred of doubt that said circles DO have the criminal energy to exercise such an event.”

    More likely a Chinese fuck up. Any nation would know this could not be contained within borders if an effort was not undertaken quickly. Cloggo wants so bad for this to be a US job but if it were then why were we not seriously prepared??? Right because this was a Chinese fuckup that is now our fuck up to deal with destroying our nation just like the rest of the world, dumbass

    “But the game is over. It’s now US-UK against the rest of world. I already know who is going to win this fight. White people, both in Europe and North-America, have no future if we do not destroy the ZOG-bots {mobster, empire dave, joe esquire}.”

    Translation: When I am really wounded, I turn to ZOG and Anglo derangement for comfort. I am extremely fucked where I live but act like it is a matter of switching the population to picking strawberries and of course getting robots in the greenhouses.

    LMFAO at the cloggo, juanPee, and makato.

    Your days are numbered. Corona could deliver the unexpected tipping point.

  47. JuanP on Fri, 20th Mar 2020 8:11 am 

    Davy just won another debate again board.

    dumbasses

  48. REAL Green on Fri, 20th Mar 2020 8:16 am 

    We need to see the docter Davy.

    REAL Bad like.

  49. JuanP on Fri, 20th Mar 2020 8:22 am 

    We need to see the docter juanPee.

    REAL Bad like. I am crazy and depressed. I had a chance to leave Miami Beach but fucked up because I am screwed up in the mind that everything is fine with my playboy life. That is why they call me the pink poodle. well I am a pervert too

  50. Davy on Fri, 20th Mar 2020 8:27 am 

    Posting pictures of pink poodles on lame unmoderated Internet forums is not a sign of being a deranged lunatic.

    I SWARE ITS NOT!!!

    fuckwacks

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