Fear Of The Coronavirus Is Causing A Stock Market Apocalypse

In all of U.S. history, we have never seen the Dow Jones Industrial Average go from an all-time high to a bear market as quickly as we just did.  As I keep reminding my readers, the stock market is all about how investors view the future.  Early this year, extremely irrational optimism about the future pushed stock prices to the most overvalued levels that we have ever seen, but now things have completely changed.  Fear of the coronavirus has many investors fearing an imminent economic crisis, and we have seen volatility on Wall Street that is absolutely insane.  On Monday we witnessed the largest single day point decline in the history of the Dow, on Tuesday stocks came roaring back, and then on Wednesday we witnessed the second largest single day point decline in the history of the Dow.  As I have previously explained numerous times, we see huge waves of momentum during any stock market crash, and I am sure we will see many more as this current implosion continues to play out.

On Wednesday, the Dow closed at 23553.22, which represented a 20.3 percent decline from the peak on February 12th.

The bull market that began on March 9th, 2009 has finally ended, and U.S. stocks are off to their worst start for a year since the last financial crisis.

But less than 5,000 people around the globe have died from this virus so far.

If we are seeing this much fear now, what is going to happen if millions of people start dying?

Thankfully, the World Health Organization finally decided to officially label this outbreak a “pandemic” on Wednesday

World Health Organization Director-General Tedros Adhanom Ghebreyesus on Wednesday declared the coronavirus outbreak a pandemic as the global death toll rose above 4,500 and the number of confirmed cases neared 125,000.

“We have rung the alarm bell loud and clear,” Tedros said at a news conference. “We cannot say this loudly enough, or clearly enough, or often enough: All countries can still change the course of this pandemic.”

Of course that announcement really rattled investors and the Dow ended up falling 1,464 points.  Banking stocks were hit particularly hard.

But then later in the day we learned that President Trump would be addressing the nation at 9 PM eastern time, and investors were temporarily encouraged.

Unfortunately, investors didn’t seem to like what Trump had to say, and Dow futures immediately plummeted about 1,000 points afterwards.

On top of everything else, two major stories broke late Wednesday that shocked the entire nation.  We learned that Tom Hanks and his wife have tested positive for the coronavirus, and the entire NBA season was suspended because a Utah Jazz player now has the virus.

Needless to say, every horrifying headline is just going to cause even more chaos for the markets.

At this point, one Goldman Sachs analyst is projecting that the S&P 500 will likely fall quite a bit more in the days ahead

Goldman Sachs chief equity analyst David Kostin said Wednesday he expects the S&P 500 to hit a low of 2,450, more than 10% below its current closing level of 2,741. Kostin based his new view on a reduced expectation for S&P 500 earnings.

And another analyst believes that we are “only about halfway” to the bottom of the market…

“We can see the panic in the equity market,” said Jerry Braakman, chief investment officer of First American Trust. “The big question for most people is, are we at the bottom yet? I think we’re only about halfway there.”

Of course both of them are assuming that this coronavirus pandemic will not last for too much longer.

But what if they are wrong?

What if this pandemic lasts into next year or even longer?

As stocks fall, people are gobbling up gold and silver coins like crazy.  In fact, millions of Silver Eagles have been sold in recent days…

With the spread of the Global Contagion, the demand for physical precious metals has increased significantly.  According to the U.S. Mint’s newest update, another million Silver Eagles were sold over the past two days.  This brings to total Silver Eagle sales in March at 2.3 million, more than three times the previous month.

So if you have been waiting all this time for your silver coins to start appreciating in value, it may finally start paying off.

Meanwhile, we are already starting to see workers being laid off as much of the U.S. literally begins to shut down because of this virus.  The following comes from the Washington Post

At the Port of Los Angeles, 145 drivers have been laid off and others have been sent home without pay as massive ships from China stopped arriving and work dried up. At travel agencies in Atlanta and Los Angeles, several workers lost their jobs as bookings evaporated. Christie Lites, a stage-lighting company in Orlando, laid off more than 100 of its 500 workers nationwide this past week and likely will lay off 150 more, according to chief executive Huntly Christie. Meanwhile a hotel in Seattle is closing an entire department, a former employee said, and as many as 50 people lost their jobs after the South by Southwest festival in Austin got canceled.

Sadly, this is just the beginning.  If this crisis lasts long enough, eventually we will see layoffs that are absolutely unprecedented.

And the civil unrest that I keep warning about appears to be already starting as well.  Just check out what just happened at the University of Dayton

University of Dayton students took to the streets after the school canceled classes, on-campus events, and gatherings, and closed UD student housing. Over 1,000 students gathered on Lowes Street by late Tuesday, jumping on cars and throwing bottles at police the University of Dayton said in a written statement.

You can see a news report about this incident right here.  Of course if this pandemic continues to escalate the civil unrest will become much, much, much worse in the months ahead.

On Wednesday night, President Trump announced that travel from Europe would be suspended for 30 days.

That is certainly a step in the right direction, but at this point it isn’t going to make too much of a difference.

The virus is now in over 100 countries, and it is now spreading in almost every U.S. state.

And what most people don’t realize is that this pandemic is far from the only crisis we will be facing.  We have entered a time when we will be hit by one thing after another, and most Americans will not be able to handle it.

We are seeing so much fear out there right now, but this is not a time for fear.

This is a time for faith, and it is absolutely critical for you and your family to believe that you can get through this.

Anyone can shine during the best of times, but it is during the worst of times that we discover who we really are.

The days ahead are going to be extremely challenging, but they will also be a great opportunity to make a tremendous difference in a society that has been gripped by fear and that is starting to spin completely out of control.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

U.S. Coronavirus Cases Double In Less Than 48 Hours, And “Everyone Else Will Be Italy In 9-14 Days Time”

What is our country going to look like if COVID-19 keeps spreading this rapidly?  The map that Johns Hopkins University is using to track the spread of this virus has become extremely popular, and I refer to it several times a day.  On Monday, I watched as the number of confirmed cases in the United States crossed the 500 mark, and then on Tuesday I was really shocked to see it jump up to 1,025.  In less than 48 hours, the number of confirmed cases more than doubled.  Needless to say, we are going to be in a whole lot of trouble if this keeps happening.  Of course the U.S. is far from alone.  This outbreak has gotten completely out of control all over the western world, and right now Europe is being hit harder than anyone else.

After analyzing the growth rates that we are currently seeing all over Europe, computer scientist Mark Handley declared that “everyone else will be Italy in 9-14 days time”

On Monday night, computer scientist Mark Handley, Professor of Networked Systems and part-time Roboticist at UCL in London, tweeted a graph showing how growth figures in other infected countries compare to Italy’s.

‘Everyone else will be Italy in 9-14 days time,’ Handley tweeted along with the data.

At this moment, the entire nation of Italy has been locked down.  If Handley is correct, we should expect to see this happen in a bunch of other countries before two more weeks are gone.

Of course Handley is not the only one making these sorts of projections.  Dr. John Crane of the University of Buffalo says that the U.S. is “on the exact same trajectory” as Italy…

He told DailyMail.com in an interview that the world had never seen anything like the outbreak and that the US seemed to be watching how Italy responded before making any drastic decisions of its own.

‘It looks like they’re on the exact same trajectory. Italy had an 11.5 day head start,’ he said, referring to the data.

We definitely do not want what is happening in Italy to happen here.

There are now more than 10,000 confirmed cases in Italy, the death toll is up to 631, and their healthcare system is being absolutely overwhelmed

Italian hospitals are so ‘overwhelmed’ by coronavirus that strokes are going untreated and elderly patients are not even being assessed, a doctor at the centre of the crisis has said – while another medic said people in the UK and US should be panicking more.

Doctors in Italy have been forced into life-or-death decisions over who should receive intensive care, with virus cases piling up around the country.

The same thing could soon start happening in the United States.

When there are too many people to treat, not everyone will be treated.

This is yet another reason why you want to stay away from public places so that you do not get this virus.

Here in the U.S., Dr. Anthony Fauci is urging an “all hands on deck” approach to fighting this virus…

Top national disease expert Anthony Fauci is urging the nation to take an ‘all hands on deck’ approach to the coronavirus – and urging officials to plan for immediate measures even in states that haven’t had cases show up yet.

‘It doesn’t matter if you’re in a state that has no cases or one case,’ Fauci said at a press briefing with Vice President Mike Pence Tuesday. ‘You have to start taking seriously what you can do now that if and when the infections will come – and they will come – sorry to say, sad to say, they will,’ he told reporters.

Like so many others, Fauci seems resigned to the fact that we are going to see a lot more cases in this country.

But where will we put them?  We only have a limited number of hospital beds, and those will fill up pretty quickly.

According to Washington Governor Jay Inslee, there could be 64,000 cases in his state alone by May

Confirmed cases of the novel coronavirus are swiftly ballooning across the United States, and President Trump’s former Homeland Security Adviser Thomas Bossert says time is running out to control the spread.

Washington Gov. Jay Inslee (D), who is overseeing one of the country’s largest clusters, said “if you do the math” there could be 64,000 cases of COVID-19 in the Evergreen State by May, while New York City Mayor Bill de Blasio said the positive cases in the city are “coming in so intensely now” that public officials are struggling to keep up with them. He said he wasn’t in a position to give the media a “detailed case breakdown” because of the rapidly changing number.

Speaking of New York, a state of martial law has essentially been instituted in New Rochelle in a desperate attempt to contain the cluster that has erupted there

In New York, Gov. Andrew Cuomo announced the most rigorous actions to date to combat the spread in New Rochelle, which he described as the “most significant cluster in the country” and accounts for the lion’s share of the surging caseload in the tri-state area.

Those measures include deploying National Guard troops to a Health Department command post and setting up a satellite testing facility and one-mile, two-week containment area in the city. Public schools in that containment zone will be closed through March 25; National Guard troops will help clean surfaces and deliver food in that one-mile radius.

Unfortunately, it is only a matter of time before similar measures are put into place in communities all across the nation.

The months ahead are going to be extremely challenging for all of us, and so let us hope that this outbreak begins to subside as soon as possible.

We are already starting to see things happen that would have been unimaginable just a few weeks ago.  If you can believe it, colleges and universities all over America are choosing to cancel classes for the foreseeable future

A growing number of U.S. colleges have canceled in-person classes because of the coronavirus. The closures began in Washington state, and now include Harvard University, Columbia University, Princeton University, Rice University, Stanford University, Hofstra University, University of California, Berkeley, and the University of Washington, among others. As of midday Tuesday, more than half a million students are affected by the cancellations.

And you know that things must be really bad if Joe Biden and Bernie Sanders are canceling campaign rallies

Bernie Sanders and Joe Biden’s presidential campaigns canceled rallies set for Cleveland on Tuesday night due to coronavirus concerns, the first disruptions the outbreak has caused in the 2020 Democratic primary.

In separate announcements, the Democratic presidential contenders’ campaigns said they exercised caution about holding large public gatherings after hearing guidance from public health officials.

At this point, there is even talk that the Tokyo Olympics could be delayed for a year or two.

In the short-term, bringing public activity to a screeching halt all over the western world won’t hurt too much.

But what if this outbreak continues to keep growing month after month?

Right now, it looks like this virus is going to be with us for a long time to come.

In Spain, the number of confirmed cases tripled in just two days, and the number of confirmed cases in France rose 70 percent from Monday to Tuesday.

In the UK, it has been reported that the government is planning “to stockpile body bags”, and the fact that a member of the British Parliament has become a confirmed case made headlines all over the world

Health minister Nadine Dorries has tested positive for coronavirus and fears for Boris Johnson’s health have been sparked after she attended an event hosted by the Prime Minister at No 10 last week. Ms Dorries is understood to have fallen ill on Thursday and then over the weekend, the “classic symptoms” of the disease emerged.

But everything that I just shared with you pales in comparison to what just happened in Germany.

German Chancellor Angela Merkel reportedly told the German Parliament that 60 to 70 percent of the German population will eventually catch the virus

Angela Merkel says she expects around 60-70 percent of Germans will be infected with the coronavirus, which equates to about 53 million people.

Reportedly, the German Parliament fell completely silent when Merkel stated the number.

News outlet Bild reported the German Chancellor’s comments, which echoed numbers forecast by Berlin virologist Christian Drosten, who added that such a total could take 2 years or longer to reach.

If we eventually see similar numbers throughout the entire western world, the global economy will collapse, there will be great civil unrest all over the globe, and tens of millions of people will die.

Let us continue to hope that such a nightmare scenario can be avoided somehow.

But let us also prepare for an extended battle with this virus, because it certainly appears that COVID-19 is not going to disappear any time soon.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The U.S. Response To This Coronavirus Outbreak Has Been Horrifyingly Bad

What recourse do we have when our public health officials completely and utterly fail us?  I don’t know if we could have prevented COVID-19 from spreading widely in the United States even if everything had been done perfectly, but the truth is that we will never know.  When this outbreak first started, visitors from the affected areas were allowed to fly into the United States without being properly screened, and as you will see below this is still happening in many instances.  And once the virus started spreading on U.S. soil, we needed to immediately test any suspected cases so that we could isolate them as rapidly as possible.  But even though South Korea has managed to test more than 140,000 of their citizensless than 9,000 Americans have been tested so far…

The CDC revealed on Tuesday that 8,554 Americans have been tested for coronavirus, but the agency’s director says state and local health labs are understaffed and ill-equipped to keep up with crisis.

According to figures published on the CDC’s website on Tuesday, 3,698 tests had been done in its lab, and another 4,856 had been done in public health labs.

Can anyone out there explain why we can’t do at least as good as South Korea is doing?

So far, I haven’t found a single person that can explain this to me.

Even after everything that has transpired, victims at the very epicenter of the outbreak in the Seattle area that are “showing symptoms of the respiratory illness” are still not being tested

The Seattle-area nursing home at the epicenter of one of the biggest coronavirus outbreaks in the United States said on Monday it had no kits to test 65 employees showing symptoms of the respiratory illness that has killed at least 13 patients at the long-term care center.

The staff in question, representing more than a third of the Life Care Center’s 180 employees, are out sick with symptoms consistent with coronavirus, and a federal strike team of nurses and doctors is helping to care for 53 patients remaining in the center.

Are you kidding me?

This is the biggest public health crisis that any of us have ever seen, and the virus has already killed a bunch of residents at that particular nursing home, but we still don’t have enough kits to get those employees tested?

I don’t know if there are words that are strong enough to describe how badly our health officials have dropped the ball.

Do we have to wait until this crisis is over to fire every decision maker at the CDC and completely rebuild it from scratch?

To say that their performance has been “horrifyingly bad” is actually a tremendous understatement.

Of course the CDC is blaming their problems on a lack of funding

US Centers for Disease Control and Prevention Director Dr. Robert Redfield said state and local public health labs are underequipped and understaffed.

“The truth is we’ve not invested, we’ve underinvested in the public health labs,” Redfield said at a House Appropriations hearing for the 2021 CDC budget.

“There’s not enough equipment, there’s not enough people, there’s not enough internal capacity, there’s no surge capacity,” Redfield added.

Actually, the CDC receives more than 6 billion dollars in federal funding every year, and much of that goes into paying their salaries.

There are “168 key employees at CDC who earn more than $200,000” a year, and those very highly paid experts were supposed to make sure that our country was ready for a pandemic like this.

Now we are at a tipping point.  The number of confirmed cases in the U.S. has more than doubled over the past 48 hours, and an expert that used to work in the White House is telling us that we are “10 days from our hospitals getting creamed”.

10 days.

And thanks to the devastating impact that this outbreak has had on the Chinese economy, there are 30 different drugs that are already in short supply, and that list will grow with each passing week.

At this juncture, it is going to be nearly impossible to get this virus under control in the United States.  In an article that he just posted, Mike Adams outlined the steps that would need to be taken if we were really serious about ending this outbreak…

  • Block all international flights into the USA from all countries
  • Close all borders and stop cross-border traffic
  • Shut down all domestic commercial air travel
  • Order all public schools, universities, government offices and churches to close
  • Cancel all public events, including concerts, conferences, etc.
  • Quarantine all US cities, block all highways in and out
  • Shut down all public transportation, including subways, buses, taxis and rail
  • Enact nationwide medical martial law and prevent people from leaving their homes or gathering in groups of any kind

Needless to say, the American people are not about to accept such measures, and Mike Adams acknowledges that it would be “a month of hell”

These efforts might achieve a 90% suppression factor, which would break the cycle of the coronavirus within 3-4 weeks.

In other words, America would have to endure a month of hell to stop the virus in its tracks.

So this virus will just keep spreading, and the number of confirmed cases will just keep on doubling.

Meanwhile, as I mentioned above, many travelers that are coming into the U.S. from countries where this outbreak is completely out of control are still not being properly screened

U.S. travelers arriving into John F. Kennedy International Airport from locked-down Italy revealed that many passengers are not having their temperatures taken, despite a widespread coronavirus outbreak in the European country.

In exclusive interviews with DailyMail.com on Tuesday afternoon, American travelers arriving back in the country from Rome said Italians remain ‘unfazed’ by the deadly outbreak and ‘are still out having fun’.

Considering the fact that the entire nation of Italy is now locked down, why are we still allowing flights from Italy to land here in the first place?

There are now more than 1,000 confirmed cases in the United States even though we have done such minimal testing.

As testing expands, the number of confirmed cases will rise rapidly, and that will cause the level of fear to dramatically escalate.

Already, Costco stores all over the country are being raided by desperate consumers when they open each day.  Just check out what happened at one Costco store in southern California on Monday morning

Shoppers were pictured lining up outside a Costco store in Burbank, California, on Monday morning, with a queue of people and their empty shopping karts snaking through the parking lot, waiting to rush in and emergency stockpile goods the second the doors opened.

One eager customer, Jeffrey Schaefer, 45, said the line of shoppers continued all along the side of the huge wholesale store building, through the parking lot and back up the sidewalk.

If our health officials had been on top of things from the very beginning, the outlook for the months ahead could have been very different.

But now we are being told that we are past the “containment” phase and that officials will simply try to do their best to “mitigate” the damage that this outbreak will do from this point forward.

This is a complete and utter nightmare, and it looks like we are still only in the very early chapters of it.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The Coronavirus Goes To Washington D.C., And It Is Spreading Fear Like Crazy

New coronavirus cases inside the United States are increasingly being announced late in the evening after the financial markets have closed, and I certainly don’t blame officials for trying to minimize the fear that is spreading across the nation like wildfire.  But I have to say that it has been stunning to sit here and watch the number of confirmed cases in the U.S. go from just above 600 to more than 750 in just a couple of hours.  Initially, quite a few of our national politicians attempted to make light of this crisis, but now that confirmed cases are popping up in Washington D.C., Maryland and Virginia, this crisis has suddenly become very real for many of them.  In fact, there is now chatter that Congress could soon be completely closed down for a period of time in order “to protect lawmakers”

Members of Congress are becoming increasingly anxious about coronavirus, and there is growing pressure on leadership to take steps to protect lawmakers — even potentially recessing for a period of weeks — two Democratic congressional sources said Sunday.

It would be nice if they were that concerned about protecting the rest of us, but I can definitely understand their desire for self-preservation.

But just a few days ago, the environment in D.C. was very different.  In fact, U.S. Representative Matt Gaetz thought that it would be really funny to wear a gas mask when he voted on a coronavirus bill on March 4th

Florida Republican Rep. Matt Gaetz donned a gas mask on March 4 while he voted on a bill that would dedicate billions of dollars to combating coronavirus as concerns rise over the spread of the disease.

“Reviewing the coronavirus supplemental appropriation and preparing to go vote,” Gaetz tweeted with a picture of himself wearing a gas mask while looking at a piece of paper before the vote.

I have always admired his fighting spirit, but mocking those that were concerned about this virus was completely inappropriate.

And now we have learned that he is one of the members of Congress that has been forced to “self-quarantine”.  In fact, this news broke shortly after he took a ride on Air Force One

Republican Georgia Rep. Doug Collins and Florida Rep. Matt Gaetz both announced Monday afternoon that they would be self-quarantining themselves after learning that they interacted with a coronavirus-infected person in late February.

The announcement comes after Collins just spent Friday with President Donald Trump visiting the Centers for Disease Control and Prevention (CDC) and Gaetz was reportedly on Air Force One on Monday.

Let us pray that Gaetz is not infected and that he did not expose anyone on board Air Force One to the virus.

If what I just shared with you was not bad enough, now we have learned that Trump’s new chief of staff has also been forced into self-quarantine

President Donald Trump’s new chief of staff Mark Meadows announced Monday that he will be self-quarantining after possibly meeting the individual who attended the Conservative Political Action Conference (CPAC) while infected with coronavirus.

Mark Meadows was advised this weekend that he might have come in contact with the individual. Meadows took a precautionary test which came back negative. Meadows’ chief of staff Ben Williamson said: “He’ll be self-quarantined till the 14 day period passes Wednesday.”

It is a good sign that the initial test came back negative, and let us pray that Meadows will be perfectly fine.

Meanwhile, a priest in Washington D.C. has become a confirmed case just a week after he “shook hands with more than 500 worshippers”.  The following comes from reporter Sam Sweeney

BREAKING: A D.C. priest has Coronavirus. He offered communion and shook hands with more than 500 worshippers last week and on February 24th. All worshippers who visited the Christ Church in Georgetown must self-quarantine. Church is cancelled for the first time since the 1800’s

Was he infected when he shook all of those hands?

Let us hope not.

Before too long, hardly anyone is going to want to shake hands anymore.  People are deathly afraid of this virus because they are watching what is going on elsewhere in the world.

In Italy, the government has decided to try to quarantine the entire country because the death toll just keeps spiraling higher.

This virus is no laughing matter.  It is being reported that some residents of a nursing home in Kirkland, Washington have gone from showing no symptoms at all to dropping dead “in just a matter of hours”…

Life Care Center of Kirkland, Washington, outside of Seattle, has seen 15 of its residents die after contracting COVID-19, and dozens of its workers haven fallen ill. The center’s remaining 55 residents are going to be tested for the virus, and while only six of them are currently sick, that doesn’t necessarily mean good news, The New York Times reports.

As the Times put it, Life Care “had seen some residents go from no symptoms to death in just a matter of a few hours.” “It was surprising and shocking to us that we have seen that level of escalation from symptoms to death,” said Tim Killian, a spokesperson for the nursing home. Efforts to contain the spread from Life Care aren’t going well either, seeing as 70 of the center’s 180 workers were out sick as of Sunday, but “there weren’t enough test kits yet for them,” the Times reports.

The more that we learn about this virus, the more frightening it becomes.

In New Jersey, the very first confirmed case says that COVID-19 spread very rapidly “to both his lungs”

The 32-year-old physician’s assistant, a non-smoker with no underlying health conditions, believes he contracted it while attending a medical conference in Times Square last weekend, saying the coronavirus spread quickly to both his lungs.

“The virus is everything. Dirarrhea, watery eyes, shortness of breath, chest pain, you name it. High fever,” he said. “Every day is getting worse.”

Does that sound like something you want to catch?

Of course not.

I am still hoping that this outbreak will start to subside before it becomes a horrifying global pandemic that kills millions of people.

But so far all efforts to contain this virus have failed, and local officials are preparing for the worst.

In fact, New York has apparently developed a plan to use convicts “to bury the dead”

If New York City has a plague year, there’s a plan for its prisoners—not to protect them from infection in their tight quarters, but to use convicts to make New York State branded hand sanitizers and, if it comes to that, prisoners at Rikers to bury the dead.

Gov. Andrew Cuomo Monday, citing concerns about profiteers selling overpriced hand sanitizer, announced that CorCraft, a company that uses New York State prison labor paid between 16¢ and $1.14 an hour, would be making 100,000 gallons a week of NY-branded hand sanitizer.

I don’t know about you, but to me those two paragraphs are extremely chilling.

And as this outbreak intensifies, we continue to get more warnings that our already stressed healthcare system will soon be utterly overwhelmed

Looking at how COVID-19 affected China can provide a preview of what it’ll look like in the U.S. In China, “around 80 percent of those infected with the coronavirus had symptoms of a bad cold and are expected to recover. Another 14 percent became severely ill, and 5 percent became critically ill,” Gupta writes. So according to estimates from the Department of Health and Human Services, that translates to about 200,000 people needing intensive care in the case of a moderate outbreak. That could be a big problem, seeing as the U.S. has less than 100,000 ICU beds.

So what are we going to do?

Will we start setting up temporary “quarantine camps” like they have in China?

If this outbreak continues to escalate, we could soon see things in this country that would have been unimaginable just a few weeks ago.

The best way to ensure that you never have to deal with this virus is to avoid it completely.

Unfortunately, that is exceedingly difficult to do because scientists are discovering that this virus spreads from person to person incredibly easily

Aerosolized coronavirus can hang in the air for at least 30 minutes and travel up to 14 feet – approximately twice the “safe distance” recommended by health officials, according to SCMP.

The study, conducted by a team of Chinese government epidemiologists from Hunan province, also found that the virus can survive for days on a surface where respiratory droplets land.

Once this virus is in every community in the United States, how will you avoid it?

Some people will simply decide to stay home for as long as it takes, but for most people that just isn’t possible.

Hopefully we will never get to that point.

Hopefully this outbreak will really begin to fade when winter ends.

But at this moment the immediate future looks very bleak, and immense fear is spreading all across America.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Here Are 18 Breathtaking Facts About The Stock Market Crash Of 2020, And Experts Are Warning This Is Far From Over

We haven’t seen anything like this since the last financial crisis erupted in 2008.  Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of months ago.  On Monday, the Dow Jones Industrial Average fell 2,013 points.  To put that in perspective, the largest single day decline that we witnessed in 2008 was just 777 points.  A disagreement between Saudi Arabia and Russia about oil prices coupled with increasing concern about the coronavirus pushed many traders into panic mode, and the result was absolutely stunning.  Hopefully stock prices will bounce back throughout the rest of this week, but many experts are warning that this is just the beginning of the carnage.  The stock market crash of 2020 is here, and the losses are already staggering.  Just consider these facts…

#1 We just watched the largest single day point decline in stock market history.  The old record of 1,190 points was just set on February 27th, and the drop on Monday smashed it by more than 800 points.

#2 The 7.79% decline for the Dow was the largest single day percentage drop since October 15th, 2008.

#3 Stocks plummeted so rapidly Monday morning that a key market circuit breaker was triggered just minutes after the opening bell.

#4 It was the very first time since 1997 that a market circuit breaker has been triggered.

#5 Overall, the Dow Jones Industrial Average is now down 19 percent from the all-time high that we witnessed just three weeks ago.

#6 The S&P 500 is also down 19 percent from the peak of the market.

#7 The Russell 2000 has plummeted 23.5 percent, and it is now firmly in bear market territory.

#8 On Monday, tech’s “big five” lost more than 320 billion dollars in market value.

#9 According to Zero Hedge, total U.S. trading volume “on a 10-day moving average basis, is now higher than during the meltdown in 2008.”  In other words, stocks are being dumped at a pace that is absolutely mind blowing.

#10 The yield on 10 year Treasury notes dipped below 0.5 percent on Monday for the first time ever.

#11 The price of oil fell more than 24 percent during Monday’s trading session.

#12 That represented the second largest single day oil price decline ever recorded.

#13 The S&P 500 Energy Sector dropped 20 percent on Monday, and that was the worst day for that index that we have ever seen.

#14 All major U.S. banking stocks fell by double-digit percentages during Monday’s session.

#15 European stocks are now down a total of 22.5 percent from the peak of the market.

#16 The Bloomberg U.S. Financial Conditions Index is now the “tightest” it has been since the last financial crisis.  That has very serious implications for “the real economy”.

#17 Since the end of World War II, there have been 12 official recessions in the United States.  8 of them were preceded by bear markets, and 3 of them were preceded by a market correction.

#18 All it is going to take is one more fairly bad day, and all of the major U.S. stock indexes will be in bear market territory.

In the short-term, we should hopefully see at least somewhat of a bounce.  President Trump is promising emergency tax relief, and the Fed has responded to all of this carnage by doing what it does best

As part of its continuing efforts to make sure the funding, or repo, markets are working properly, the central bank said it will up the amount it offers in overnight operations from $100 billion to $150 billion through Thursday.

Every time we see a surge of panic in the marketplace, the Fed is either going to cut interest rates or flood the system with more money.

And since there isn’t much room left to cut rates, the Fed will increasingly be forced to use option number two.

But if this coronavirus continues to spread all over the globe, no amount of Fed manipulation is going to fix things.  The following is how one analyst described how many investors are feeling at this moment

“They want out. Big time. The sky is falling. Get out, get out while you can. Wall Street’s woes have to eventually hit Main Street’s economy hard.”

Economic activity all over the globe is grinding to a standstill, and the economic impact of this virus will just continue to get worse until this outbreak has finally peaked.

We don’t know if that will be next week, next month or next year.

But until then, many investors “aren’t going to come back into the stock market”

“We’re seeing borderline panic because of fear,” says R.J. Grant, director of equity trading at investment bank KBW. “Uncertainty is what’s causing all of this. We know there’s going to be an economic impact, but we just don’t know how big. Until we get clarity, people aren’t going to come back into the stock market, that’s for sure.”

In other words, things may not return to normal for the stock market for an extended period of time.

Earlier this year, an epic “melt up” pushed stock prices to the most overvalued levels that we have ever seen in U.S. history.  It was inevitable that they would fall dramatically at some point, and it appears that fear of this coronavirus outbreak is the straw that finally burst the bubble.

But even after the immense carnage that we have already witnessed, stocks are still tremendously overvalued.  In order for price-to-sales and price-to-earnings ratios to return to their long-term averages, we would probably need stock prices to fall another 30 to 40 percent.

Of course our system is not in any condition to handle a decline of that magnitude.  Keep watching for a derivatives crisis if stocks continue to fall, because it is likely that we will see some big problems there.  Our system is designed to operate during very stable times, and the sort of volatility that we are now witnessing can cause catastrophic losses very rapidly just like we saw in 2008.

We still don’t know if this coronavirus outbreak will be a minor pandemic that will only kill thousands of people or if it will be a truly historic pandemic that will kill millions.

We shall hope for the best, but we will also continue to prepare for the worst.

Meanwhile, say a prayer for the poor souls that still have money in the stock market, because the days ahead are likely to be very stressful for them.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The Bible Says That There Will Be “Pestilences” In The Last Days

Jesus specifically warned us that there would be “pestilences” in the end times, and so if we really are approaching the time of His return this is one of the things that we should be watching for.  Of course we don’t know if COVID-19 is one of the “pestilences” that Jesus was referring to, but in recent days it has greatly distressed me to see so many Christians attempting to downplay the severity of this virus.  The number of confirmed cases and the global death toll have both been rising at an exponential rate day after day, and experts are warning that over half of the population of the world could eventually get this virus, but so many voices out there are boldly assuring people that they don’t have anything to be concerned about even though they don’t have any medical credentials at all.  Personally, I think that it pays to listen to the experts during a crisis like this, and the experts are telling us that millions could soon die.  In fact, as you will see below, a doctor that sat on the White House Homeland Security Council is saying that this is the most “frightening disease” that he has ever encountered.  After everything that we have already learned about this virus, anyone that is not taking this pandemic seriously is not being wise.

But is this just another pandemic that will come and go, or is this one of the “pestilences” that we were warned about almost 2000 years ago?

In Luke chapter 21, Jesus explained to His disciples what conditions would be like just prior to His return, and in verse 11 He specifically warned that there would be “pestilences”.  The following comes from the King James Version…

11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.

We have definitely seen a rise in seismic activity in recent years, billions of locusts are devouring crops from eastern Africa all the way to China right now, and Australia just had the worst harvest season that they have ever recorded.

So it is interesting to note that the stage is being set for some of the other signs that Jesus mentioned at the very same time that this coronavirus outbreak is starting to spiral out of control.

Only time will tell if COVID-19 is truly one of the “pestilences” that Jesus was referring to, but at this point it has become exceedingly clear that we should all be taking it very seriously.

This virus jumps from person to person with incredible ease, and it has a death rate that is about 34 times higher than the ordinary flu.  In fact, the death rate for COVID-19 is actually higher than the death rate during the Spanish Flu pandemic.  And let us never forget that the Spanish Flu pandemic killed between 50 million and 100 million people from 1918 to 1920.

I do not understand why anyone would possibly want to try to downplay this outbreak, and those that are doing so could end up greatly contributing to the spread of this virus.

Proverbs 22:3 says this…

A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.

Fortunately for us, this outbreak started on the other side of the globe and so we had some time to prepare before it got here.

But now the number of confirmed cases inside the United States is starting to explode, and we are being warned that millions could die.

So will you be like the prudent man in the Book of Proverbs?

Sadly, a lot of people out there don’t seem to grasp the seriousness of what we are potentially facing.

According to Dr.Richard Hatchett, “50 – 70 percent of the global population” could eventually end up catching this virus…

An infectious diseases expert at the forefront of the search for a coronavirus vaccine said on Friday that it was the most “frightening disease he’s ever encountered, and that “war is an appropriate analogy” for what the country is facing, as “50 – 70 percent of the global population” may become infected.

Dr. Richard Hatchett, who sat on the White House Homeland Security Council in 2005 – 2006 and was a principal author of the National Strategy for Pandemic Influenza Implementation Plan, and currently heads the Coalition for Epidemic Preparedness Innovations, told the UK’s Channel 4:

This is the most frightening disease I’ve ever encountered in my career, and that includes Ebola, it includes MERS, it includes SARS. And it’s frightening because of the combination of infectiousness and a lethality that appears to be manyfold higher than flu.”

That sure sounds like a “global pestilence” to me.

Let us pray that he is completely wrong.

But as we pray, it will also be important for us to take recommended precautions.  During an appearance on NBC’s “Meet the Press”, Dr. Anthony Fauci warned that the elderly and those with “underlying conditions” will need to make adjustments to their lifestyles immediately…

“If you are an elderly person with an underlying condition, if you get infected, the risk of getting into trouble is considerable. So it’s our responsibility to protect the vulnerable,” he said.

“When I say ‘protect,’ I mean right now. Not wait until things get worse. Say no large crowds, no long trips. And above all, don’t get on a cruise ship.”

Personally, I think that is great advice for all of us.

If you have family members or friends that are not taking this outbreak seriously, you need to try to get through to them.

According to documents that have been leaked to the public, U.S. hospitals “are preparing for 96 million coronavirus infections”…

US hospitals are preparing for 96 million coronavirus infections and nearly half a million deaths from the outbreak, leaked documents have revealed.

The spread of the deadly disease could be far worse than officials claim, with 480,000 Americans expected to die from the virus and 4.8 million hospitalized, according to a presentation hosted by The American Hospital Association (AHA) in February.

Of course there are some experts that are warning that this outbreak will be even worse, and if that happens we could be facing a societal meltdown of epic proportions.

For years, Bible-believing Christians all over America have been preaching that Jesus is coming back soon.

And for years, we have seen so many other pieces of the end times prophetic scenario start to come together.

Now a global pestilence has erupted, and in Luke 21 we were specifically warned to watch for “pestilences” in the last days.

Once again, only time will tell if COVID-19 is one of those “pestilences”, but without a doubt all of us should be taking this virus very, very seriously.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Out Of Time: U.S. Cases Explode As The Coronavirus Pandemic Reaches A Tipping Point

If you thought that we had more time before this coronavirus pandemic exploded out of control in the United States, I am sorry to say that you are out of luck.  In all of the major nations in the western world, the number of confirmed cases escalated dramatically over the past few days.  Here in the U.S., COVID-19 has now reached 33 states, and the number of confirmed cases seems to literally be changing every few minutes as more announcements are made.  Over the weekend, we witnessed another wild round of panic buying as people feverishly stocked up for an extended pandemic, but at least Americans are not throwing punches at each other over toilet paper like we are witnessing elsewhere in the world.  Needless to say, all of this insanity is badly rattling Wall Street.  The markets are going absolutely nuts, and it looks like this could be a truly historic week.  Much more importantly, it looks like any hope of containing this virus is now completely dead.  In fact, Dr. Scott Gottlieb of the Food and Drug Administration just told the entire nation that we are “past the point of containment” now.

Once this virus gets into an area, it can spread like wildfire.  If you doubt this, just look at what is happening in New York.  Just a few days ago there was one confirmed case, and now there is 105.  The following comes from New York Governor Andrew Cuomo

UPDATE: There are 16 additional confirmed cases of #Coronavirus in NYS, bringing total to 105.

Westchester: 82

NYC: 12

Nassau: 5

Rockland: 2

Saratoga: 2

Suffolk: 1

Ulster: 1

We’re testing aggressively & we are seeing the number of confirmed cases go up as expected.

Cuomo also shocked many members of the media when he absolutely lambasted the CDC.  The guidelines that the CDC imposed upon the states greatly suppressed the amount of testing up to this point, and Cuomo seems to be among those that believe that this was a huge mistake

The governor said that officials are working hard to identify new cases but have been greatly hindered by the Centers for Disease Control and Prevention (CDC), saying it is ‘outrageous and ludicrous’ that the agency has not authorized private labs to conduct automated tests.

‘CDC, wake up. Let the states test. Let private labs test. Let’s increase as quickly possible our testing capacity so we identify the positive people, so we can isolate them,’ he said.

It would be difficult to overstate the anger that many Americans are feeling toward the CDC right now.  So far, South Korea has been able to test more than 140,000 of their citizens for COVID-19, but as of Saturday the CDC had tested fewer than 1,600

The Centers for Disease Control and Prevention (CDC) has tested 1,583 people for the coronavirus since the first cases were identified in the U.S. in January, health officials said Saturday.

Food and Drug Administration (FDA) Commissioner Stephen Hahn told reporters at the White House that figure would increase as more tests are shipped nationwide to address demand. But officials made clear that an individual could be tested only if it was approved by a doctor or public health official, contradicting President Trump’s pervious claims about test availability.

If the number of confirmed cases in the U.S. is rising so rapidly with such limited testing, what will happen to the numbers now that testing will really be ramping up?

I think that we all know that answer.

Originally, U.S. officials had hoped to keep any outbreaks inside the United States strictly contained, but now that plan is out the window.

On Sunday, Surgeon General Dr. Jerome Adams openly admitted that we have now shifted to the mitigation phase

The US response to coronavirus has now shifted from containment to mitigation, Surgeon General Dr. Jerome Adams told CNN’s “State of the Union” on Sunday.

“Initially, we had a posture of containment so that we could give people time to prepare for where we are right now. We’re shifting into a mitigation phase, which means that we’re helping communities understand you’re going to see more cases,” Adams said.

So how many more cases will we ultimately see?

Chillingly, some experts believe that it will be in the millions.

If that turns out to be accurate, can you imagine what that will do to our economy?

Things are really starting to get crazy out there.  On Sunday, we learned that even U.S. Senator Ted Cruz has gone into “self-quarantine” because he came into contact with someone that was infected by the virus.

For the moment, our healthcare system will be able to handle the number of cases, but that could soon change.

In fact, it is being estimated that all available hospital beds could be completely filled by May 8th

A sobering analysis of how coronavirus is likely to impact the US healthcare system suggests that hospitals will be quickly overwhelmed with patients, and that all available beds will be filled by around May 8th if the virus tracks with Italy’s figures and 10% of patients require an ICU.

Of note, the Straits Times reported last week that thousands of people were waiting for hospital beds in South Korea as the disease surges.

Liz Specht, a PhD in biology and the associate director of Science and Technology for the Good Food Institute laid out her concerns in a lengthy Twitter thread on Friday, which you can see here on Twitter, or continue reading below.

So if you get sick after that, you may be out of luck.

Over in Italy, this pandemic has already progressed to an extremely dangerous stage.  The Italians now have the highest death toll of anywhere outside of China, and the number of confirmed cases has been escalating at a pace that is difficult to believe.

In a desperate attempt to stop the bleeding, the Italian government has locked down “more than a quarter of its population”

The Italian government is locking down 17 million people—more than a quarter of its population—including in Milan, the surrounding Lombardy region and 14 neighboring provinces, in the most sweeping steps any European country has prepared to take against the coronavirus epidemic.

A decree from the Italian Prime Minister’s office says people living in Lombardy, where Milan is the capital, and the named provinces in Lombardy’s nearby regions must “absolutely avoid any movement into and out of the areas.”

Will that work?

We better hope so, because the progression of this outbreak in Italy has been truly frightening

#Coronavirus in Italy:

1st Feburary: 2 cases

20th February: 3 cases

22nd Feburary: 62 cases, 2 deaths

28th February: 528 cases, 12 deaths

1st March: 1694 cases, 34 deaths

4th March: 3089 cases, 107 deaths

8th March: 7375 cases, 366 deaths & counting

Terrible.

Of course we will see similar numbers in country after country pretty soon.

In the UK, they appear to be on a very similar track

Confirmed coronavirus cases, UK:

March 8: 273 people

March 5: 115 people

March 2: 39 people

February 28: 20 people

February 25: 12 people

February 22: 8 people

Fighting this virus has been compared to trying to fight the air, because COVID-19 spreads from person to person really easily.

In fact, one team of scientists is now telling us that it looks like it may “spread through air-conditioning units”

Traces of the coronavirus found in a hospital air duct has led scientists to believe the disease could be spread through air-conditioning units, making it more contagious than initially thought.

Swab analysis of rooms used by three coronavirus patients by experts at the National Centre for Infectious Diseases in Singapore suggest that the respiratory illness spreads easier than previously thought.

Where will this end?

Is it inevitable that there will be a raging pandemic in every nation on Earth?

If millions die from this virus, global financial markets will utterly collapse, economic conditions will be unimaginable, great civil unrest will erupt all over the planet and our society will be unrecognizable.

So far, this virus has a higher death rate than the Spanish Flu, and the Spanish Flu pandemic killed between 50 million and 100 million people.

This is not a drill.  This pandemic is out of control and the dead bodies are really starting to pile up.  The months ahead are going to be really challenging, but with God’s help we will find a way to get through this.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Shocking New Study Concludes That The “Best Case Scenario” For A COVID-19 Pandemic Is 15 Million Dead

Over the past week, the number of confirmed cases of COVID-19 outside of China more than tripled once again.  Hopefully it is extremely unlikely that such a rapid growth rate will continue, because if it does, there will be more than a million confirmed cases outside of China just a month from now.  I don’t even want to imagine the level of fear that would cause, and needless to say that would be absolutely devastating for the entire global economy.  Of course if we do get to a million confirmed cases, there won’t be any way to keep it from spreading everywhere on the entire globe, and the ultimate death toll could be unimaginable.

According to the WHO, the current death rate for this outbreak is 3.4 percent, and many experts believe that it will continue to go higher.

That means that a whole lot of people will die if this virus cannot be contained somehow.

Researchers at a major university in Australia modeled seven different scenarios for how a COVID-19 pandemic might go, and in the “best-case scenario” the death toll was 15 million

New modeling from The Australian National University looks at seven scenarios of how the COVID-19 outbreak might affect the world’s wealth, ranging from low severity to high severity.

Four of the seven scenarios in the paper examine the impact of COVID-19 spreading outside China, ranging from low to high severity. A seventh scenario examines a global impact in which a mild pandemic occurs each year indefinitely.

But even in the low-severity model — or best-case scenario of the seven, which the paper acknowledged were not definitive — ANU researchers estimate a global GDP loss of $2.4 trillion, with an estimated death toll of 15 million.

A pandemic that kills 15 million people would change everything.

I sincerely hope that we don’t see anything like that, but other experts are coming up with similar projections.  A Harvard epidemiologist is warning that 40 to 70 percent of the entire global population will eventually catch this virus, and Mike Adams is projecting that more than two million Americans could be dead by July 4th “if domestic travel is not aggressively halted”

Today I finished tweaking the first draft of a pandemic projection model that simulates the spread of the coronavirus in the United States. The assumptions of the model are explained here, and you will find they are extremely conservative (using R0 value of just 1.82, for example).

The model’s predictions are nothing short of apocalyptic if the virus is allowed to spread without restraint across the United States. According to the model, there will be 2.16 million dead Americans by July 4th if domestic travel is not aggressively halted very soon (see the full projections below). This is not a prediction, since I believe that state governments and the federal government will intervene long before July 4th to declare, essentially, medical martial law.

Let us pray that nothing like this ever happens.

But if we all stick our heads in the sand and pretend that this virus isn’t a major threat, that will just make matters a lot worse.

At this point, the truth is that we don’t really know the true extent of the outbreak in the United States because authorities are just now starting to ramp up testing.  Vice-President Pence had hoped to get a million testing kits to local communities this week, but that is simply not going to happen

Mike Pence admitted Thursday that the administration will not be able to follow meet its promise to deliver one million coronavirus testing kits by the end of the week.

‘We don’t have enough tests today to meet what we anticipate the demand going forward,’ Pence said during a visit to a 3M Company plant in Minnesota Thursday afternoon.

Meanwhile, things are really starting to get weird out there.

The number of confirmed cases in the Seattle area has surged to 70, and authorities have transformed an aging EconoLodge into a “quarantine village”

The EconoLodge in Kent, which is in the heart of the Seattle–Tacoma metropolitan area, will be America’s first Covid-19 quarantine village. As cases and deaths surge in Washington state, officials aren’t constructing modular hospitals in two weeks like China did last month, but rather buying existing commercial properties, such as motels, and stuffing infected people within.

Markovich said another “Covid-19 quarantine village using modular units now underway at 1100 block of 128th St. in North Seattle. There has been no public announcement about this so far.”

I suppose that such facilities will be able to house a few hundred people, but what are local officials going to do if hundreds of thousands of people get the virus?

Once this virus begins to spread in a community, the number of cases can escalate at a staggering rate.  If you have any doubt about this, just look at what is happening in France.

We will probably see that sort of a growth rate in certain communities here in the U.S., and that is truly chilling.

In Iran, the number of confirmed cases has now crossed the 3,500 mark, and it is being reported that “dozens of bodies” are piling up in Iranian morgues…

Dozens of bodies sheathed in black bags line the floor of an Iranian morgue, while workers in protective suits and masks busily walk among them.

It’s unclear which, if any, of the people whose bodies lie in the morgue were infected with the coronavirus gripping the country, in this footage from inside Qom’s Behesht-e Masoumeh morgue.

The official death toll in Iran is only 107 at this point, but many believe that the true number is much, much higher.

As usual, the Iranians are blaming their problems on the United States and Israel.  In fact, one Iranian general is publicly claiming that this virus is “a manmade bioweapon” that was purposely deployed against China and Iran…

An Iranian military leader has suggested that the coronavirus is not a naturally occurring disease, and that it is a manmade bioweapon cultivated and released against China and Iran by a ‘hostile state’.

Brigadier General Gholam Reza Jalali, an Iranian officer in charge of the country’s Civil Defense Organization claimed Tuesday that “A study of the consequences of the virus in terms of tolls or the extent of the epidemic and the type of media propaganda over this issue that is aimed at increasing fear and panic among people strengthens the speculations that a biological attack has been launched against China and Iran with economic goals.”

Of course the truth is that this virus has created a major crisis for the entire planet.

In the UK, there is so much anxiety about this virus that British supermarkets are actually preparing for “food riots”

British supermarkets are prepared for food riots if panic buying becomes widespread in the worst-cast scenario of a coronavirus pandemic, a retail expert has said.

Former Tesco supply chain director Bruno Monteyne said a major outbreak of the virus would result in ‘panic buying, empty shelves and food riots’ but that at this stage retailers would revert to ‘feed the nation’ status to avoid anyone going hungry.

And all over the western world, fans are already being banned from major sporting events in order to help prevent the spread of this disease.

If this outbreak continues to rapidly escalate, the way that we live our lives is going to be dramatically altered.  So let us pray for mercy, because we definitely need it.

Sadly, many Americans are not getting prepared for a potential pandemic because they have been told over and over again that this virus is not any more dangerous than the flu.

That is definitely not true.  As I explained the other day, the flu usually has a death rate of about 0.1 percent each year, and this virus currently has a death rate of 3.4 percent

“Globally, about 3.4 percent of reported COVID-19 cases have died,” said WHO Director-General Tedros Adhanom Ghebreyesus at a press briefing Tuesday. The rate describes the proportion of deaths among confirmed cases. And it was greater than the previous coronavirus CFR estimate (2 percent in China), far higher than the seasonal flu (which kills 0.1 percent of those infected on average), and even worse than the Spanish flu pandemic (which killed 2 to 3 percent of those infected).

Last century, the Spanish Flu pandemic killed somewhere between 50 million and 100 million people, and this virus currently has an even higher death rate.

Are you starting to understand?

This outbreak has the potential to kill millions upon millions of people, and anyone that is not taking it seriously is not being very wise at all.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Will This Coronavirus Outbreak Cause A New Financial Crisis And A Horrifying Economic Collapse?

The term “black swan event” is increasingly being used to describe this coronavirus outbreak, and many are concerned that what we are headed for will be much worse than what we experienced in 2008 and 2009.  Already, we have witnessed a staggering drop in global demand, Wall Street has had to deal with the wildest week in eight years, and people all over the globe are hoarding toilet paper, face masks and hand sanitizer.  That may sound like a plot from one of my books, but it is not.  This is actually happening, and it appears that we are still only in the very early chapters of this crisis.

It seems like just yesterday that everyone was freaking out because there were a few dozen confirmed cases here in the United States.  Now there are 70 in the state of Washington alone

A cruise ship remains at arms length from San Francisco and the number of confirmed cases of coronavirus in Washington state ballooned to 70 on Thursday – pushing the U.S. total above 220 – as the global struggle against the outbreak intensified.

The nation’s death toll rose to 12, 11 of them in Washington. Fifty-one of the confirmed cases are in King County, home to Seattle, where ten of the deaths have occurred, state health officials said.

As I write this article, the total number of confirmed cases in the U.S. has now risen to 233, but of course that number is going to go much higher now that the U.S. has finally decided to ramp up testing for the virus.

If you live in the Seattle area, you are going to want to avoid public places for the foreseeable future.  In fact, officials in King County are already recommending that all businesses “allow their employees to telecommute throughout March”

A Washington state county, where 31 coronavirus cases and 9 deaths have been reported, has recommended to its 2.2 million residents that they should work from home to help slow the spread of the infectious disease, and further urged everyone over 60 to stay indoors.

Public Health officials in King County on Wednesday recommended that businesses allow their employees to telecommute throughout March in an effort to reduce the amount of face-to-face contact between large numbers of people during this “critical period” in the COVID-19 outbreak.

Unfortunately, other hotspots are starting to emerge as well.  The total number of cases in California is up to 53, and the number of cases in New York just doubled

California declared a state of emergency after a coronavirus-related death and 53 confirmed cases in the state. The number of infections in New York also doubled overnight to 22 as the state ramps up its testing.

Predictably, U.S. stocks plunged on Thursday as the bad news came rolling in.  By the end of the trading session, the Dow Jones Industrial Average was down 969 points

Stocks plunged on Thursday, erasing most of the steep gains in the previous session, as markets remained highly volatile in the face of the fast-spreading coronavirus.

The Dow Jones Industrial Average ended the day 969.58 points, or 3.5%, lower at 26,121.28 after tanking nearly 1,150 at its session low. The S&P 500 dropped 3.3%, or 106.18, to 3,023.94 and the Nasdaq Composite fell 3.1%, or 279.49, to 8,738.60. All 11 S&P sectors finished the day in the red. Stocks turned sharply lower as the 10-year Treasury yield fell to an all-time low below 0.9%.

This is precisely the sort of wild market behavior that we witnessed during the financial crisis of 2008.  One day stocks would be way down, and the next day they would be way up.  When we see extreme volatility such as this, it is a clear indication that investors are very nervous.

After watching what transpired on Thursday, one trader described the market’s current behavior as “a super-puke”

Watching the markets today  – as The Dow plunged 1000 points, Treasury yields collapsed to record lows, credit markets imploded, and demands for more Fed intervention exploded – has one veteran trader remarking, “this is becoming a super-puke.”

Of course if this coronavirus outbreak starts to fade, it is entirely possible that the markets could settle back down.

But that hasn’t happened so far, and experts are warning that we should expect to see more market volatility ahead.  Here is one example

“We expect markets to remain volatile,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. “The unfolding nature of the coronavirus threat—both real and perceived—is not yet quantifiable, and, as such, the current global policy response can’t immediately be judged as sufficient or insufficient for restoring investor confidence in the short term.”

Meanwhile, the fear that this coronavirus outbreak has created is hitting the real economy exceedingly hard.

In fact, the CEO of Southwest Airlines says that his company “lost several hundred million dollars in a week’s time” because people are so afraid to travel right now…

Southwest Airlines CEO Gary Kelly told CNBC on Thursday that the company has lost several hundred million dollars in a week’s time thanks to a decline in bookings amid increasing fears over COVID-19. Kelly added that the drop-off was “noticeable” and “precipitous” and has continued declining on a daily basis.

We are seeing similar things happen in industry after industry.

So what is going to happen if this outbreak continues to intensify in the months ahead?

Needless to say, we could soon be facing a worst case scenario for the global economy.  According to Egon von Greyerz, the party is indeed “over” and we are headed for the worst economic crisis that any of us have ever experienced…

This is it! The party is over. The world is now facing the gravest economic and social downturn in Modern Times (18th century). We are now entering a period of global crisis that will change the world for a very long time to come. This should come as no surprise to the people who have studied history and also read my articles for the last few years. Many others have also warned about the same thing. But since MSM never talks about the excesses in the world or the risks, 99.9% of people are totally unprepared for what is coming next.

Will he be correct?

We shall see.

It would be wonderful if this virus would just go away and life could get back to normal.  Unfortunately, this crisis just seems to escalate with each passing day.

On Thursday morning, police were actually called out to a Costco in southern California because “toilet paper, paper towels, and bottled water were out of stock”

Deputies responded to the Chino Hills Costco at 10.15am on Thursday morning after receiving a report of a disturbance, a San Bernadino County Sheriff’s Department spokeswoman told DailyMaill.com.

On the scene, deputies learned that ‘a large group of customers were upset’ that items such as toilet paper, paper towels, and bottled water were out of stock, said Public Information Officer Cindy Bachman.

All over America, people have been hoarding essential supplies like crazy.  If people are this delirious already, how are they going to act once things start getting really bad?

It was inevitable that stock prices would crash from the ridiculously elevated levels that we witnessed earlier this year.

And the next economic downturn has been building for a really long time.

But now events are starting to move at a pace that is absolutely breathtaking, and it looks like all of our lives are about to change in a major way.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

“Coronavirus Anxiety” Is Running Rampant All Over America, And This Could Be Only Just The Beginning…

All across the United States people are getting really stressed out about COVID-19.  Every effort to contain the virus has failed, cases have started to pop up all over America, and the latest numbers show that it is 34 times more deadly than the flu.  And what makes this particular coronavirus even more frightening is the fact that it is so easy to catch.  You can become infected simply by breathing in the air around you, it can live on solid surfaces for days, and some victims can carry it around for weeks before ever showing any symptoms.  As this virus continues to spread, literally no public place will be safe, and that is really freaking a lot of people out.

But so far only 11 Americans have died from the virus.

If thousands start dying in this country, what is our national mood going to be like at that point?

Already, the level of stress that we are witnessing is very alarming.  The following comes from an NPR article about the “national anxiety” that we are currently experiencing…

And, as the coronavirus spreads, our unanswered questions can make us feel vulnerable or fearful. “Will it come to my community” or “Am I at risk?’

“We’ve got national anxiety at the moment, a kind of shared stress, and we are all in a state of extreme uncertainty,” says Catherine Belling, an associate professor at Northwestern University, Feinberg School of Medicine, who studies the role of fear and anxiety in health care.

Of course there are very good reasons to be concerned about this virus.

More than 3,000 people have already died around the world, and the horrors that we have seen elsewhere on the globe are starting to happen here.

And with each startling headline, the level of anxiety is going to go higher.

All of a sudden, large numbers of Americans are extremely afraid to touch each other or anything around them.  The following comes from a Washington Post article entitled “Coronavirus anxiety is everywhere, and there is no cure”

America this week began to consider the existential threat of a doorknob. The horror of a touch-screen in the self-checkout lane. The inescapable doom that accompanies any trip on public transportation. The realization of how much, exactly, we all touch our faces each day: constantly.

Last week, you pressed elevator buttons with abandon. You weren’t afraid of the free weights in the gym. You washed your hands for barely enough time to say “Happy Birthday” once, let alone sing it twice.

This outbreak has already radically altered the behavior of millions of Americans, and we are probably still only in the very early chapters.

Fear of this virus is also causing many of us to stockpile supplies like crazy.  Just check out the following numbers from Nielsen

Fears about a worsening coronavirus outbreak have led shoppers in the U.S. and other hard-hit countries to begin stocking up on supplies to fill “pandemic pantries,” a new report from Nielsen suggests.

Sales of sought-after hand sanitizers have risen 73% in dollar value in the four weeks ending Feb. 22, compared with the same period in 2019, Nielsen says. Similarly, medical masks sales spiked 319%, aerosol disinfectants rose 47% and thermometers increased 32%.

If this outbreak continues to intensify, it is inevitable that shortages will begin to emerge.

So if there is something that you need to purchase, you should go get it as soon as you can.

Each new day brings more shocking revelations.  On Wednesday, we found out that the number of confirmed cases in New York has risen to 11

Another family in New York has been confirmed to have the coronavirus, Gov. Andrew Cuomo tweeted this afternoon.

The family from New Rochelle is believed to have been in contact with the 50-year old attorney, who has since been hospitalized. The attorney and his family were confirmed to have the virus earlier today.

This brings the total number of confirmed cases in New York to 11.

Sadly, Governor Cuomo is expecting many more cases to pop up, and he told the press that trying to contain this virus “is literally like trying to stop air”

“This is literally like trying to stop air, because somebody sneezes, it’s respiratory and it’s inevitable that it will continue to spread,” Cuomo told reporters Wednesday afternoon.

Earlier in the day, Cuomo said there “were going to be many, many people who test positive.”

On the other coast, six new cases were just confirmed in Los Angeles

As the U.S. death toll hit 11 Wednesday, Los Angeles Mayor Eric Garcetti and county officials declared states of emergency and announced six additional cases of the deadly coronavirus that has health officials around the world scrambling for answers.

More than 130 cases have been confirmed across the nation. Los Angeles had confirmed just one before Wednesday’s announcement.

Alarmingly, one of the newly confirmed cases was a medical screener at LAX

A medical professional who conducted passenger screenings at Los Angeles International Airport tested positive for the coronavirus late Tuesday, according to the Department of Homeland Security and an internal email obtained by NBC News.

The person last worked screening air travelers for illness on Feb. 21, DHS said in a statement, which also said the medical professional had worn the proper protective gear while working. The internal email described the person as a “contract medical screener” for the Centers for Disease Control and Prevention.

Just like we have seen in China, medical professionals in the western world are catching COVID-19 despite attempting to take proper precautions.

That just underscores how easily this virus passes from person to person.

As this outbreak continues to intensify, it is probably inevitable that some pretty extreme measures will be taken to get it under control.

In fact, we are already seeing college basketball games get canceled

Chicago State became the first Division I men’s basketball program to cancel games due to the coronavirus outbreak, announcing on Tuesday the decision not to travel to Seattle University on Thursday or Utah Valley on Saturday.

The University of Missouri-Kansas City declared Wednesday the Roos men’s team would not travel to Seattle for its Saturday contest against the Redhawks.

And over in Italy it was just announced that all schools will be closed until mid-March

Italy announced Wednesday it will temporarily close all its schools and universities as the country continues to grapple with a surge in coronavirus infections, according to new reports.

Those closures will begin Thursday and last until mid-March, CNBC reported.

Can you imagine if that happened in the United States?

Of course the kids would love it, and considering the overall quality of the education in our public schools they wouldn’t miss much anyway.

Even before this outbreak started, we were living at a time of great uncertainty, and this virus has certainly taken things to an entirely new level.

We still don’t know if this will become a true global pandemic that will kill millions of people, but many prominent voices are acknowledging that it is definitely a possibility.  The following comes from Piers Morgan

Should it become a global pandemic, as many experts now fear, then the consequences could be devastating. In 1918, the H1N1 ‘Spanish flu’ virus killed between 50-100 million people.

Tech titan Bill Gates, who spends much of his time and money combatting diseases with his charitable foundation, said: ‘In the past week, coronavirus has started behaving a lot like the once-in-a-century pathogen we’ve been worried about.’

If COVID-19 does kill millions of people, it will cause fear on a scale that most of us would not even want to imagine right now.

Thanks to social media, information can spread across the globe in a matter of minutes.  There is no way that global authorities will be able to keep the general public calm if things get bad enough, and health systems in the western world will be absolutely overwhelmed as multitudes of sick people swamp the hospitals.

Let us pray that such a scenario does not materialize.

But for now the numbers continue to grow at a frightening rate each day, and “coronavirus anxiety” is going to continue to grow right along with those numbers.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

“It’s Like A Ghost Town”: Major Cities All Over The Globe Are Paralyzed By Fear Of COVID-19

We haven’t seen anything cause this much worldwide fear in a really long time.  But even though there is so much fear, we still don’t know if this is going to evolve into the next great global pandemic that kills millions of people or not.  I wish that I had a definitive answer for you.  At this point we do know that the number of confirmed cases outside of China continues to rise at a very alarming rate, and we also know that this virus is about 34 times more deadly than the flu according to the latest numbers.  But in order for it to kill millions of people, a substantial percentage of the global population would have to be infected, and we don’t know if that is actually going to happen.

But in major cities around the globe where there has been an eruption of COVID-19 cases, we are seeing severe disruptions in normal activity.

For example, now that several coronavirus deaths have been reported in the area, the lack of tourists has turned downtown Seattle into “a ghost town”

In Seattle, bracing for the coronavirus also means preparing for what could be a devastating economic impact. Business owners and residents have already seen a drop-off in tourists in areas of the city that heavily depend on foot traffic.

It’s like a ghost town,” Francisco said about the famous Pike Place Market where she has her shop.

If you have ever been to Pike Place Market, then you know that it is normally bustling with activity.

But now virtually everyone wants to stay away, and you can’t exactly blame them.  With this virus on the loose, I wouldn’t want to venture down there either.

Seattle Mayor Jenny Durkan has already declared a state of emergency, and this will give her the power to cancel a wide range of public events…

As the death toll climbed Tuesday, Seattle Mayor Jenny Durkan, a Democrat, proclaimed a civil emergency. The declaration allows her to bypass regulations to increase city spending, contracting and borrowing to address the growing public health threat. It will also allow her office to close facilities and cancel events to prevent the virus from spreading further.

On the other side of the globe, the streets of Seoul are virtually empty right now

The streets of Seoul, the South Korean capital, stood nearly empty this week. Those who do venture out wear masks. The normally busy subways have few passengers and riders make sure to sit far away from one another. Many residents are relying on grocery and restaurant delivery apps.

Most Americans don’t realize this, but the population of Seoul actually exceeds the population of New York City.

Normally it is one of the busiest cities on the entire planet, but due to the fear that more than 5,700 confirmed cases in South Korea has caused, it has also become something of “a ghost town”.

Speaking of busy cities, Beijing’s 21 million residents continue to wait for life to return to normal.

Most people are staying home as much as possible, and those that do venture out risk having their temperatures scanned “at regular checkpoints”

Many shops are still closed in Beijing, and residents’ temperatures are scanned at regular checkpoints, as well as inside each store. On streets that are normally so crowded that people are forced to brush shoulders, those who are out keep a good distance from one another.

Could you imagine the uproar that would ensue if similar “checkpoints” were set up here in the United States?

Let us hope that we never get to that point.

In Milan, things are eerily quiet right now.  In fact, nobody has seen the city this quiet in the entire modern history of Italy

In Milan, Italy’s business capital and the center of the country’s outbreak, restaurants, bars and train stations are much less crowded than normal. The usually teeming Piazza del Duomo, home to the city’s cathedral and lined with shops and bars, was almost empty at points Monday.

Italian authorities are absolutely desperate to get this outbreak under control, and so they are implementing pretty extreme measures.

Incredibly, that even includes banning fans from all sporting events until April 3rd

The Italian government have taken drastic measures to help prevent the outbreak of coronavirus by closing all sport events to fans throughout the entire country until April 3. Italy has been the worst-hit European country from the coronavirus, with 107 deaths so far.

It is nice that they have set a deadline, but what are they going to do if we get to April 3rd and this outbreak has gotten even worse?

Could it be possible that Italian fans will not be able to attend sporting events for the foreseeable future?

And will other western countries soon follow suit?

Our lives could be about to change in ways that we couldn’t even imagine just a few weeks ago.

In the UK, residents are being warned that they may soon have to “put their lives on hold for three months”

Britons could be forced to put their lives on hold for three months under a ‘battle plan’ to combat Coronavirus amid warnings today that the deadly disease could incapacitate a fifth of the UK’s workforce.

Boris Johnson today set out the Government’s blueprint to deal with a mass outbreak of the bug that includes a raft of socially and economically costly contingency moves as a last resort.

Could you put your life on hold for three months?

Of course most major pandemics last longer than just three months.  In fact, the Spanish Flu pandemic lasted for three years and it killed tens of millions of people.

Hopefully this outbreak will not be anything like that.

But without a doubt, this is a truly horrible virus.  The following is an excerpt from the account of a 25-year-old British man that actually caught COVID-19

Day 12: I’ve had a relapse. Just as I thought the flu was getting better, it has come back with a vengeance. My breathing is laboured. Just getting up and going to the bathroom leaves me panting and exhausted. I’m sweating, burning up, dizzy and shivering. The television is on but I can’t make sense of it. This is a nightmare.

By the afternoon, I feel like I am suffocating. I have never been this ill in my life. I can’t take more than sips of air and, when I breathe out, my lungs sound like a paper bag being crumpled up. This isn’t right. I need to see a doctor. But if I call the emergency services, I’ll have to pay for the ambulance call-out myself. That’s going to cost a fortune. I’m ill, but I don’t think I’m dying — am I?

I certainly do not want to experience that, and I am sure that you do not want to either.

Coming into this year, I warned about what was ahead, but I definitely did not anticipate that we could potentially be facing a full-blown global pandemic by early March.

COVID-19 could change everything.  I know that many are attempting to downplay the severity of this virus, and that is a huge mistake.

For the foreseeable future, the entire globe is going to be gripped by fear of this virus, and that has very serious implications for all of us.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Time To Debunk The Skeptics: COVID-19 Has A Death Rate That Is About 34 Times Higher Than The Flu

COVID-19 is an extremely deadly virus, and nobody should be trying to downplay the severity of this outbreak.  By now, you have probably heard a lot of people try to convince you that COVID-19 is not that dangerous because the flu has killed far more people this winter.  And that is true.  But what they aren’t telling you is that the death rate from the flu is extremely low.  Tens of thousands of Americans die from the flu each year, but if this coronavirus spreads all over the planet the death toll will be in the tens of millions.  This coronavirus outbreak is likely only in the very early stages, and if it becomes as widespread as the flu, it will become a public health crisis unlike anything we have ever faced in modern times.

After taking a look at the numbers, hopefully you will understand what I am trying to say.

On Tuesday, the World Health Organization announced that the global death rate for COVID-19 is now 3.4 percent

World health officials said Tuesday the case fatality rate for COVID-19 is 3.4% globally, higher than previous estimates of about 2%.

“Globally, about 3.4% of reported COVID-19 cases have died,” WHO Director-General Tedros Adhanom Ghebreyesus said during a press briefing at the agency’s headquarters in Geneva. In comparison, seasonal flu generally kills far fewer than 1% of those infected, he said.

I have a feeling that number will continue to go up, but for the purposes of this article let’s assume that number if accurate.

As for the flu, the CDC says that there will be between 32 million and 45 million illnesses in the United States during this flu season, and somewhere between 18,000 and 46,000 deaths.

That means that the death rate from the flu this year will be about one-tenth of one percent.

So can we please stop with the comparisons between COVID-19 and the flu?

COVID-19 is at least 34 times more deadly, and experts are warning that up to 70 percent of the global population could ultimately catch the virus.

If that happens, we will see a death toll in the tens of millions at a minimum.

Here in the United States, the death rate is running well above 3.4 percent so far.  Out of 118 confirmed cases, nine victims have died so far

The eighth and ninth persons confirmed to have died in the U.S. from the coronavirus lived in Washington state, just like the previous seven victims. Washington accounts for 27 of the 118 cases so far reported in the U.S., and state officials said 231 people are under public health supervision.

I have a feeling that the death rate in the U.S. will go down once we start testing more people, but we will see.

At this point, coronavirus clusters are starting to pop up all over the nation.  For example, the number of victims in Santa Clara County has now risen to 11

Santa Clara County announces 2 new cases of COVID-19 Total now 11.

Over on the east coast, a newly confirmed case in New York City is making headlines.  Authorities are telling us that it is a “community spread case”, and this particular victim just happens to be a lawyer with a firm in midtown Manhattan

The latest coronavirus case in New York City is a 50-year-old lawyer who resides in Westchester County, about 20 miles north of New York City, and is a partner at a firm based in midtown Manhattan, multiple sources confirmed to Business Insider. The office building is in the vicinity of Grand Central Terminal, which sees about 750,000 daily commuters.

Before he was finally diagnosed, was he spreading the virus to countless others in midtown Manhattan?

We shall see what happens in the coming days.

As I discussed yesterday, the U.S. has been much slower than other nations to conduct widespread testing for the virus, and it looks like that was a major mistake.

Down in South Florida, one woman was recently told by her doctor that she probably has COVID-19, but officials refused to test her for it

In what may be the first case of coronavirus in South Florida, a woman who recently returned home from Italy says she was told by doctors at Jackson Memorial Hospital that she “likely” has COVID-19, but that they are unable to verify it because state and federal officials refused to conduct the necessary tests to confirm it.

“The doctor himself told me that, you know, he thinks that the results of my [preliminary] tests mean that I most likely have the COVID-19, but that the Department of Health did not want to pursue it further,” said the woman, who requested that her name not be used to protect her privacy. “It was either the Department of Health or the CDC that decided not to further pursue the inquiry. But I was basically told that it is most likely that I have this virus and that I should self-quarantine.”

As Dr. Matt McCarthy has said, this refusal to test probable patients is a national scandal.  There is no excuse for this sort of negligence, and it has the potential to create all sorts of problems.

At this point, fear is spreading like wildfire all over the nation.  Due to concerns about COVID-19, Twitter is asking “its entire workforce” to “work from home”

Twitter is asking its entire workforce of 5,000 people to work from home, part of its effort to keep employees safe and prevent the spread of the coronavirus. The company said working from home was mandatory for its workers in Hong Kong, Japan and South Korea, where there are higher rates of the COVID-19 disease.

Other companies are taking similar steps, and this will inevitably slow down the economy.

But this could be just the beginning.  If you can believe it, one NBA owner is actually saying that the NBA could eventually “ban fans” from games if things get bad enough…

Marc Lasry, co-owner of the NBA’s Milwaukee Bucks, told CNBC on Tuesday that sporting events could possibly ban fans if the coronavirus outbreak worsens.

“If you’re going to do it to basketball, you’re going to do it to baseball,” Lasry said on “Fast Money.” “I hope we don’t get there.”

I hope we don’t get there either.

Because once we start banning public gatherings, we won’t be able to go back to normal until this pandemic is over.

And sometimes pandemics can last for a very long time.  The Spanish Flu pandemic lasted for three years and killed tens of millions of people.  If what we are facing is similar, then all of our lives are about to change in a major way.

Sadly, some people are saying that if they get the virus they will actually purposely go into large crowds to try to spread it.  Here is one example

Denver Councilwoman Candi CdeBaca is getting major blowback over a controversial tweet sent on Friday.

CdeBaca quoted a tweet that said, “For the record, if I do get the coronavirus I’m attending every MAGA rally I can.”

How sick in the head do you have to be to say something like that?

We live at a time when hearts are growing very cold, and it is only going to get worse as time rolls along.

Hopefully by now most of my readers understand that we need to take COVID-19 very seriously.

This isn’t anything like the flu.  This is an extremely deadly virus that has the potential to kill millions of Americans.

Let us continue to keep praying that this outbreak will eventually subside, but let us also continue to brace ourselves for a worst case scenario.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The Unstoppable Coronavirus vs. The “All-Powerful” Federal Reserve

Has the Federal Reserve finally met an opponent that it won’t be able to defeat?  Ever since the last financial crisis, unprecedented intervention by the Fed at key moments has kept the economy and the financial system relatively stable.  No matter what has come along, it has seemed like the Federal Reserve has always had an answer, and this has created an environment that has enabled the most ridiculous stock market bubble in U.S. history to grow to epic proportions.  But now COVID-19 is perhaps the greatest challenge that the Fed has faced in modern times.  No matter how low interest rates are pushed, and no matter how much helicopter money the Fed drops from the sky, it isn’t going to cause fearful Americans to go shopping, take trips or start businesses.  And nothing that the Fed can do will be able to mitigate the severe disruptions to global supply chains that we are currently witnessing.

But that doesn’t mean that the Fed isn’t going to go back to the same old playbook that has worked so well in the past.

On Tuesday the Fed announced an emergency rate cut, and instead of soaring, stock prices absolutely tanked.  In fact, the Dow Jones Industrial Average ended the day down 785 points

The decision to cut rates by half a percentage point came two weeks before the Fed’s scheduled meeting as the central bank felt it was necessary to act quickly to combat the effect of the virus spreading worldwide. It’s the first such emergency action coming in between scheduled meetings since the financial crisis.

The Dow Jones Industrial Average closed 785.91 points lower, or nearly 3%, to 25,917.41; it rose more than 300 points earlier in the day. The 30-stock average gyrated between sharp gains and solid losses after the decision was announced. The S&P 500 fell 2.8% to 3,003.37 while the Nasdaq Composite pulled back 3% to 8,684.09.

At this point, the Federal Reserve doesn’t have much room to reduce interest rates.  But of course President Trump was disappointed in the Fed’s decision because he wanted an even bigger rate cut

Trump tweeted following the Fed’s move – keeping up his longstanding practice of demanding lower rates.

‘The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors,’ Trump wrote. ‘We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!’

Meanwhile, just about everyone else is using the word “panic” to describe this move by the Fed.  The following example comes from Zero Hedge

Instead, as it stands “it smells like panic” as more than one Wall Street veteran put it.

Worse, as BMO’s Ian Lyngen puts it, what happened after the Fed’s emergency 50bps rate cut, the biggest since Jerome Kerviel blew up SocGen, “the situation didn’t play out exactly as Powell might have envisioned.

So just how bad is it? Well, as plunging stocks demonstrate, the Fed is this close from losing all credibility…. and since the market has been held up for the past 11 years on nothing but Fed faith – and trillions in Fed liquidity – this could be a very, very big problem.

If you can believe it, even CNBC’s Jim Cramer is saying that this move by the Fed has made him “nervous”

Cramer went on to say that he’d previously been optimistic, despite the recent Dow freefall. But the Fed’s move has caused him to adopt a more cautious posture.

“It makes me feel, wow, the weakness must be much more than I thought,” Cramer said. “And I’ve been trying to be bullish, but I can’t.”

He added, “I’m now nervous. I’m more nervous than I was before.”

The Federal Reserve has almost entirely run out of interest rate ammunition already, and we aren’t even officially in a recession yet.

So what are they going to do once things get really bad?

A reduction in interest rates usually spurs the U.S. economy, but these are not normal times.

Even if interest rates were pushed all the way to the floor, it isn’t going to change the fact that global supply chains are collapsing and a large portion of the population is scared to death of this virus

Lower borrowing costs typically spur more consumers to buy houses, cars and other products, and encourage businesses to purchase more equipment such as factory machines, computers.

But historically low rates can’t address delayed deliveries from China that leave store shelves half-filled and auto manufacturers short of imported parts. They can’t prod shoppers fearful of contracting the virus to visit malls and restaurants. And they can’t bring back throngs of foreign tourists to U.S. hotels and shopping centers, including many from China and other countries now subject to travel bans.

And the problems that we are seeing with global supply chains are expected to continue to get worse in the weeks ahead.  In fact, Harvard Business Review is anticipating that the impact of this virus could peak “in mid-March”…

Reports on how the Covid-19 outbreak is affecting supply chains and disrupting manufacturing operations around the world are increasing daily. But the worst is yet to come. We predict that the peak of the impact of Covid-19 on global supply chains will occur in mid-March, forcing thousands of companies to throttle down or temporarily shut assembly and manufacturing plants in the U.S. and Europe. The most vulnerable companies are those which rely heavily or solely on factories in China for parts and materials. The activity of Chinese manufacturing plants has fallen in the past month and is expected to remain depressed for months.

But what if this virus just continues to explode all over the planet?

When I posted my last article yesterday, the number of confirmed cases outside of China had just surpassed the 10,000 mark.

As I write this, that number is just shy of the 13,000 mark, and by the time most of you read this article it will be even higher.

After interest rates are pushed all the way to the floor, “helicopter money” will be about the only weapon the Fed has left.

Normally, “helicopter money” pushes up stock prices, but in the middle of a horrifying global pandemic people are not going to want stocks.

Instead, there is going to be tremendous demand for food and other essential supplies, and “helicopter money” will just escalate prices to absolutely absurd levels.

Sadly, fear of this virus is already starting to cause this to happen

Would you pay $149 for a two-pack of 12-ounce bottles of Purell? How about a single container of Clorox wipes for $44.25, plus $14.59 shipping?

As the coronavirus spreads and people rush to protect themselves and their families from getting sick, the U.S. is seeing heavy demand for everything from masks to hand sanitizer.

If you use Purell, I hope that you stocked up ahead of time.

There has never been a time like this before in all of American history, and what we have seen so far is just the beginning.

Now that the U.S. is planning to start testing more people, we are being warned that we could see an explosion in the number of confirmed cases in the weeks ahead.

If that happens, there is going to be a tremendous amount of fear.

But now is not a time for fear.  Now is a time to be calm, to think rationally, and to act resolutely.

It is during moments of crisis that we find out who we really are, and hopefully this challenge will bring out the best in all of us.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

New York Emergency Room Doctor: There Will Be “Thousands” Of Confirmed Cases In The U.S. “By Next Week”

Dr. Matt McCarthy, a staff physician at New York-Presbyterian Hospital, just went on national television and warned that there will be “thousands” of confirmed coronavirus cases inside the United States “by next week”.  I certainly hope that he is completely wrong, but obviously he has a better vantage point for observing the progression of this outbreak than any of us do.  As an emergency room doctor in New York, he is dealing with potential COVID-19 cases every single day.  And as you will see below, he says that he has had to “plead to test people” and that it is a “national scandal” that more people have not been tested.

As I discussed in a previous article, up until just a few days ago the CDC has had extremely restrictive guidelines for who should be tested for the virus.  Only those that have visited China recently and those that have had close contact with a known victim were supposed to be tested.  Obviously this allowed a lot of potential victims to fall through the cracks, and now we have a major outbreak in the Seattle area.

Why couldn’t we have been able to test anyone that wanted to be tested from the very beginning?  In South Korea, they have already “built drive-thru coronavirus screening locations”

Health officials in South Korea tested 10,000 people for the coronavirus on Friday alone. This week, they built drive-thru coronavirus screening locations, giving hundreds of patients an assessment of their health in just 10 minutes.

The US announced its first coronavirus case on the same day South Korea did. But six weeks later, less than 500 potentially infected Americans have gotten tests, according to the US Centers for Disease Control and Prevention (CDC). The agency’s official test count — which had previously been updated daily — was stripped from the CDC site on Sunday, though US Secretary of Health and Human Services Alex Azar told ABC the same day that the US had tested 3,600 people.

There is absolutely no reason why we can’t do at least as well as South Korea.

And without a doubt, a lot of doctors around the country are quite upset about the current state of affairs.  During his appearance on CNBC, Dr. McCarthy explained that he literally has had to “plead to test people”

“I’m here to tell you, right now, at one of the busiest hospitals in the country, I don’t have it at my fingertips,” he said. “I still have to make my case, plead to test people. This is not good. We know that there are 88 cases in the United States. There are going to be hundreds by the middle of the week. There’s going to be thousands by next week. And this is a testing issue.”

You can watch video of Dr. McCarthy making these comments right here.  The fact that he believes that there will be “thousands” of confirmed cases by next week should be making headlines all over the nation.  But so far it isn’t.

Ultimately, the CDC should be held accountable for dropping the ball so dramatically.  Not only have they not been testing enough people up until now, it also turns out that the test kits they initially sent out were “problematic and potentially inaccurate”.  The following comes from CNBC

The CDC sent test kits earlier in the outbreak to public health labs around the country, but those kits were problematic and potentially inaccurate, CDC officials have since said. Because local clinicians can’t depend on the test kits, some have had to ship samples to a laboratory with the ability to run the tests, delaying the process of diagnosis and treatment.

This virus could become the biggest public health crisis of our lifetimes, and the CDC response has been a complete and total disaster.

At this point, coronavirus tests are still “not available yet in New York City”

“Testing for coronavirus is not available yet in New York City,” city Department of Health spokeswoman Stephanie Buhle said in an email late Thursday. “The kits that were sent to us have demonstrated performance issues and cannot be relied upon to provide an accurate result.”

There is no excuse.

For weeks, hospitals all over the nation have had to send samples to the CDC for testing, and that has greatly limited the number of Americans that have been able to be tested.

If you can believe it, only 32 people in the entire state of New York have been tested so far, and Dr. McCarthy is calling that “a national scandal”

The team at New York-Presbyterian Hospital is isolating suspected coronavirus patients and taking proper precautions to prevent the spread, McCarthy said, but “they’re hamstrung.”

“In New York state, the person who tested positive is only the 32nd test we’ve done in this state,” he said. “That is a national scandal.”

Of course he is right.

The mainstream media should be hammering this story like there is no tomorrow, but other than CNBC they have mostly been ignoring it.

Did officials at the CDC think that if they just neglected this crisis that it would go away?

A lot of people have been comparing COVID-19 to the flu, but that is not true at all.

This is an extremely insidious virus.  Once it gets into the lungs, it starts killing cells as it moves along.  And once enough cells are killed off, it becomes increasingly difficult to breathe

It does this by attaching to and reproducing in tissue inside the lungs, where it kills cells in the process of spreading.

As the cells are killed they drop off the lungs’ linings and build up in clumps inside the organs, making it hard to breathe and triggering further infections.

The virus can also send the immune system into overdrive as it tries to fight off infection, triggering swelling which can lead to more breathing difficulties.

Does that sound like something that you want to catch?

Unfortunately, this virus is now out of control inside the United States.  Newly confirmed cases are constantly popping up all over the country, and this crisis threatens to greatly accelerate our existing problems.

I truly hope that what we are facing is not nearly as dire as Dr. McCarthy is making it out to be.  But nobody can deny that he is on the front lines of this battle every day, and right now he is warning that we have a complete and utter nightmare on our hands.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

“Pandemic Proportions”: COVID-19 Is Starting To Spiral Out Of Control All Over The Globe

This is already the most frightening virus outbreak that we have seen in the past several decades, and it appears that it is just getting started.  A week ago, there were about 3,000 confirmed cases outside of China and now there are more than 10,000.  4,812 cases have been confirmed in South Korea, 2,036 cases have been confirmed in Italy, and 1,501 cases have been confirmed in Iran at this point.  Of course by the time you actually read this article those numbers are likely to be significantly higher.  It is like we are watching a really bad Hollywood disaster movie play out right in front of our eyes, and so far every effort to contain this virus has failed.  On Monday, Dr. Anthony Fauci stunned many people when he told NBC News that COVID-19 has likely reached “pandemic proportions”

News of the additional deaths came after Dr Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, told NBC News on Monday that the disease had likely reached ‘pandemic proportions’ as 100 cases were confirmed across the U.S.

‘We’re dealing with an evolving situation. We’re dealing with clearly an emerging infectious disease that has now reached outbreak proportions and likely pandemic proportions,’ Dr Fauci said. ‘If you look at multiple definitions of what a pandemic is… multiple sustained transmissions of of a highly infectious agent in multiple regions of the globe.’

Dr. Fauci is definitely not an alarmist, and for him to use the word “pandemic” is a major red flag.

Last week a lot of people were pointing out that not a single American had died from this virus yet, but now six victims have died in the state of Washington alone

Four more people have died of the coronavirus in Washington state, raising the death toll in the state and the nation to six, health officials said Monday.

Jeffrey Duchin, a health officer in King County and Seattle, said at a news conference Monday that five of the deaths were people from King County and one was from Snohomish County, north of Seattle.

If you live in the Seattle area, you need to understand that you are in the middle of a crisis zone.  As I discussed yesterday, it is likely that the virus has been circulating in that region for weeks, and each day the number of potential carriers will only get higher.

At this point, local officials are specifically warning everyone to “avoid crowded settings if possible”

“To increase your chances of staying healthy, avoid crowded settings if possible,” King County Public Health said on Twitter. “Especially if you are over 60, or have other chronic health conditions such as diabetes, heart disease, lung disease, or a weakened immune system.”

There’s particular concern about the spread of the virus in nursing homes. One such  facility, Life Care Center in Kirkland, Washington, said in a statement that one of its residents and one of its associates have been diagnosed with COVID-19. The center is banning visitors for now.

And this doesn’t mean that you will need to change your behavior for a few days or even a few weeks.

At a minimum, if you live in the Seattle area you are going to want to avoid crowded settings for the next several months.

Of course it is just a matter of time before other major cities are facing similar outbreaks.  In recent days the number of states with confirmed cases has grown quite a bit larger

  • Arizona – 1
  • California – 20
  • Florida – 2
  • Illinois – 4
  • Massachusetts – 1
  • New York – 1
  • Oregon – 3
  • Rhode Island – 2
  • Washington state – 18 (includes 6 fatalities)
  • Wisconsin – 1

Unfortunately, this list probably only represents the very small tip of a very large iceberg.  Up until just recently, the CDC was mandating that the only people that should be tested are those that have traveled to China or those that have had close contact with a known victim.  By using such restrictive criteria, the number of Americans being tested was kept extremely low, and a lot of infected people slipped through the cracks.

Now this virus has escaped containment, and authorities are telling us that “community spread” is inevitable all over the United States.

Meanwhile, COVID-19 continues to sweep across much of the rest of the planet like wildfire.

In Iran, the fact that a top adviser to Ayatollah Ali Khamenei just died from the virus made headlines all over the globe

AN adviser to Iran’s supreme leader Ayatollah Ali Khamenei has died of coronavirus, state media reported today.

Mohammad Mirmohammadi, 71, died in hospital in Tehran as the pariah nation reels from a worsening outbreak that has left several senior officials in hospital.

But despite the fact that the number of confirmed cases in Iran is escalating at an exponential rate, and despite the fact that dozens of Iranians have already died, many Iranians continue to engage in the practice of “kissing and licking Shi’ite shrines throughout the country”

Videos spreading on social media are showing Iranians kissing and licking Shi’ite shrines throughout the country as many call to close the shrines amid a severe coronavirus outbreak in the Islamic Republic.

The epicenter of the outbreak in Iran, Qom, is a religious city home to several shrines. The shrines remain open as some reports place the death toll in Iran in the hundreds.

Can you believe that?

We live at a time when it seems like much of the world has gone nuts.  Most people believe whatever they feel like believing, and most people do whatever they feel like doing.  But there are always consequences for our actions, and I have a feeling that this virus is going to spread particularly rapidly in the Middle East.

Here in the United States, it appears that this outbreak is far more extensive than we are being told.  As the U.S. starts to finally ramp up testing, it is inevitable that a lot more existing cases will be found.  In fact, in just a little while I will be posting an article on End Of The American Dream about an ER doctor in New York that is claiming that there is “going to be thousands” of confirmed cases inside this country by next week.

I don’t think that it is going to happen quite that rapidly, but it appears to be inevitable that the number of cases is going to be steadily rising.

This is not a drill.  This is an exceedingly dangerous virus that is killing people all over the planet, and we need to prepare for a scenario in which this crisis could extend for many months or even for several years.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

All Of A Sudden, People All Over America Are Prepping Like Crazy

I can’t remember a time when we have seen such widespread “panic buying” all over the nation.  Today I spoke with someone that just visited the closest Wal-Mart in this area, and I was told that there are empty shelves all over the store.  There are very few canned goods left, some of the most essential medications have been cleaned out, and there was nothing left in the long-term storable food section at all.  Of course similar things are being reported at major retail stores all across the United States.  All of a sudden, fear of COVID-19 has motivated thousands upon thousands of Americans to start prepping like crazy.  But most of the population is still not taking this crisis seriously enough.  As the number of confirmed cases all over the world continues to rise at an exponential rate, what are the stores going to look like when most of the country finally realizes that they should be prepping for an extended pandemic?

Over the past several days, this coronavirus outbreak has escalated significantly.

From Saturday to Sunday, the number of confirmed cases in Italy jumped by 50 percent

Italy reported a 50% increase in coronavirus cases Sunday, as the US further restricted travel and the famed La Scala opera house closed.

Italy’s Civil Protection Authority reported the country now has 1,694 confirmed coronavirus cases, up from 1,128 confirmed cases on Saturday. Thirty-four people have died.

And in Germany, the number of confirmed cases actually doubled in just 24 hours.

Here in the United States, confirmed cases are now popping up all over the nation, and we are being warned to brace for a “boom” of confirmed cases

A “boom” of confirmed cases of the coronavirus that has now killed more than 3,000 people around the world — including two in the U.S. — could already be racing across America despite ramped-up efforts to contain the outbreak, experts say.

The spread of the virus by “community transmissions” is an indication that we could indeed be looking at the tip of the iceberg,” Ogbonnaya Omenka, an assistant professor and public health specialist at Butler University’s College of Pharmacy and Health Sciences, told USA TODAY on Sunday.

Overall, the number of confirmed cases outside of China has more than tripled over the past week.  If we continue to see that sort of a growth rate, there will be more than a million confirmed cases outside of China just five weeks from now.

I don’t think that it will happen that quickly, and let us pray that we don’t hit that number at all, but right now this outbreak is starting to spiral out of control.

As fear of this virus rises, grocery stores from coast to coast are stocking up on essential supplies in an effort “to prevent shortages”

Now grocers are working to prevent shortages and preparing for a spike in demand for disinfectants and long-lasting items such as pasta and canned food. Some are ramping up orders from suppliers.

“This is like a natural disaster, but it’s an illness,” said Doug Baker, vice president of industry relations at FMI, a trade group for food retailers.

In the short-term, hopefully things won’t be too bad.

But without a doubt global supply chains are becoming extremely strained due to the widespread shutdowns inside of China, and that has led one analyst to predict “empty shelves in Target and Walmart as early as April”

“Literally, empty shelves in Target and Walmart as early as April,” predicts David Iwinski, a local China business consultant who once ran a factory in China.

Most retail stores are likely to have shortages because the coronavirus in China is hampering the manufacture of products shipped to America.

If there are things that you need to go buy, you need to do it now, because thousands upon thousands of Americans are already storming the stores.

In Los Angeles, a local Costco was quickly raided of the most essential supplies when the store opened on Saturday morning

At a Costco Wholesale market in Los Angeles Saturday morning, a swarm of shoppers loaded up carts with essential items to prepare for a possible period of quarantine.

According to the chain, water, paper towels and Clorox disinfecting wipes were the most in-demand products.

And up in northern California, photos of completely empty shelves over the weekend were rapidly shared on social media

On social media, residents further north shared shocking photos and videos from Costco centers in San Francisco.

Shelves were depleted of tinned food, while some shoppers climbed up onto shelving in order to reach remaining supplies of rice.

Of course the exact same thing is happening in other states as well.

In Washington, one local resident claimed that “thousands of people” have been descending on the local Costco centers…

I live in the epicenter of the coronavirus outbreak in Washington State. My advice for those elsewhere – go to Costco now. Thousands of people at local stores yesterday – not where you want to be if there is a virus spreading. Glad I went a week ago.

And one video that has been very widely shared shows hundreds of people lined up at a Costco in Brooklyn before it even opened in the morning.

Up to this point, only two people have died from the virus in the United States.

So what will things look like if thousands of people start dying?

Already, there is a worldwide shortage of protective face masks.  In fact, things have gotten so bad that Surgeon General Jerome Adams posted a tweet demanding that people stop buying them

The surgeon general has a message for people who want to run out and stockpile masks to combat the coronavirus – don’t.

“Seriously people – STOP BUYING MASKS!” Surgeon General Jerome Adams tweeted. “They are NOT effective in preventing general public from catching #Coronavirus, but if healthcare providers can’t get them to care for sick patients, it puts them and our communities at risk!”

Personally, I don’t understand his logic.  If the masks are not effective, then why do healthcare providers need them?

Yes, the masks have limited effectiveness against a virus that is so easy to catch.  But at least they are better than nothing.

The time of “the perfect storm” is here, and this virus has the potential to greatly accelerate our problems.

We still don’t know if this will be the great global pandemic that so many have warned about, but Bill Gates certainly seems to believe that this may be the “once-in-a-century pathogen we’ve been worried about”

Billionaire and Microsoft co-founder Bill Gates said the coronavirus that has killed at least 2,859 people and infected more than 83,700 globally may be the “once-in-a-century pathogen we’ve been worried about.”

“I hope it’s not that bad, but we should assume it will be until we know otherwise,” Gates wrote in an article published Friday in The New England Journal of Medicine.

Personally, I am still hoping that this outbreak will start to subside once warmer weather arrives.

But so far nothing is slowing this virus down.  As I mentioned above, the total number of cases outside of China has more than tripled over the last seven days, and that is a huge red flag.

If you need to get to the store, do it now.  Because at the rate that people are raiding the stores, there could soon be shortages of some of the most important supplies.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Confirmed Cases Of COVID-19 Are Starting To Pop Up Literally All Across The United States

Over the past few days, local officials have been announcing newly confirmed cases of COVID-19 all over the country.  For a while, it had been hoped that by isolating ourselves from China we could prevent a widespread outbreak from happening inside the United States.  Unfortunately, this virus is now spreading like wildfire all over the globe, and even the CDC is admitting that “this might be bad”.  We still don’t know if this is going to evolve into a horrifying global pandemic that will kill millions of people, but it is undeniable that this crisis has significantly escalated over the last three days.  All across America people are really starting to freak out, and it appears that the worst is yet to come.

In this article, I would like to summarize some of the most notable confirmed cases that have just been announced.  As you can see, things are really starting to get crazy out there…

Washington State

Six new cases have been confirmed at a nursing facility in Kirkland, and “many more residents” of that nursing home have been complaining of illness

As the coronavirus continued its march across the globe on Sunday, there were troubling new signs that it was spreading undetected in some American communities for weeks while the government resisted calls for more widespread testing.

With testing now ramping up, the Seattle suburb of Kirkland has become an epicenter of both illness and fear, much of it focused on a nursing facility where six coronavirus cases have been confirmed and many more residents and employees have complained of illness.

Over the weekend, the first two U.S. deaths from the coronavirus also happened in the state of Washington

King County officials said the man was in his 70s and had underlying health conditions. He died at EvergreenHealth Medical Center, where the first person also died.

On Saturday, it was announced a man in his 50s from the Seattle area, who also had underlying health conditions, had died from the illness.

It appears that there is a full blown outbreak taking place in King County, and that is extremely alarming because the county’s total population is over two million.

And according to a brand new study that was just released, it also appears that “the virus may have been spreading there for weeks”

There was worse news: researchers who studied two cases in the state say that the virus may have been spreading there for weeks, suggesting the possibility that up to 1,500 people in the state may have been infected. Specifically, the researchers compared two cases to learn more about how the coronavirus spreads. The viral mutations suggest that it has been spreading in the state for close to six weeks, according to one of the scientists who compared the sequences, Trevor Bedford, an associate professor at the University of Washington.

If that is true, it could mean that 150 to 1,500 people “have either been infected and recovered or currently are infected now,” said Mike Famulare, a researcher at the Institute for Disease Modeling in Bellevue, Wash., who performed the analysis. Those cases, if they exist, have thus far been undetected.

New York

There have been rumors about COVID-19 in New York for some time now, but over the weekend a woman that recently traveled to Iran became the first officially confirmed case

NEW York has confirmed its first case of the deadly coronavirus — the same day a second man died in Washington state from the illness.

A woman in her late 30s who had traveled to Iran was diagnosed with the virus, according to Gov. Andrew Cuomo’s office.

The fact that she was recently in Iran is especially alarming, because the death rate in Iran has been higher than anywhere else in the world.  This has led some to speculate that the Iranian strain of the virus may be more deadly, but this has not been confirmed at this point.

Rhode Island

Two individuals that recently traveled to Italy are believed to be the first confirmed cases in the smallest state in the country

The Rhode Island Department of Health announced the state’s first “presumptive positive” cases, a man in his 40s and a teenage girl who traveled to Italy in mid-February, the department said.

Florida

With the number of tourists coming in and out of Florida, it was probably inevitable that the coronavirus would spread to that state fairly quickly, and over the weekend we learned that there are now two confirmed cases

Two people in Florida have tested positive for the coronavirus, Gov. Ron DeSantis announced Sunday night, the first two cases of the virus in the state.

The two patients are from Hillsborough and Manatee counties, according to the governor, who directed Surgeon General Scott Rivkees. to declare a public health emergency.

Oregon

Many of the victims that are now becoming “confirmed cases” have actually been exhibiting symptoms for quite some time.

In fact, the newly confirmed case in Oregon has been exhibiting symptoms since February 19th

Oregon Health Authority has confirmed Oregon’s first, presumptive case of novel coronavirus, COVID-19, public health officials announced today.

The case, an adult resident of Washington County, experienced symptoms of COVID-19 beginning Feb. 19, and a sample was collected from the individual today. The sample was sent to the Oregon State Public Health Laboratory in Hillsboro, which used the new COVID-19 test kit it received Wednesday from the Centers for Disease Control and Prevention. The lab tested the sample today—only hours after it validated the new CDC test kit.

Illinois

A new case has been confirmed in Illinois, but at this point local officials are not releasing much information

The new Illinois patient also received “presumptive positive” test results. Officials did not disclose how this patient became infected by the virus. They are now trying to identify and monitor anyone who might have had close contact with the patient.

Texas

This new case in Texas is very interesting.

Originally this particular individual tested negative and was released.

But after mixing with the general population, this patient has now tested positive

The CDC has mistakenly released a patient from the Texas Center for Infectious Disease whose test later came back positive for COVID-19, says San Antonio Mayor Ron Nirenberg.

The patient was part of the group that came back from Wuhan, China over two weeks ago via a State Department chartered flight. According to the CDC, the patient was asymptomatic and had met all of the CDC’s criteria for release.

As you can see, confirmed cases are now starting to come in fast and furious from all over the country.

And this is happening even though the CDC has greatly restricted the number of people being tested for the virus.  The following piece of commentary about a particularly disturbing case in California comes from Ben Hunt

The facts here are pretty clear. Patient comes in from another hospital on Wednesday, Feb. 19 – this is one week ago – already intubated and on a ventilator, and the doctors at UC Davis – who have treated other COVID-19 cases – IMMEDIATELY suspect COVID-19.

But the CDC refuses to test for COVID-19.

Why? Because it didn’t fit their “criteria” for testing. They didn’t know for sure that the patient was in mainland China within the past 14 days, and they didn’t know for sure that the patient was in close contact with another confirmed case, so BY DEFINITION this patient can’t possibly have COVID-19. No test for you!

U.S. officials are now promising a “radical expansion” in testing in the coming days, and that is certainly a positive development.

But at this point the cat is already out of the bag, and all efforts to contain the virus have failed.

The months ahead look like they are going to be extremely challenging, and this outbreak is likely to cause an enormous amount of fear.

We have never faced anything like this before, and so nobody is sure exactly what is going to happen next.

But what we do know is that the numbers continue to rise at an exponential rate all over the world, and a lot of people are dying.  I am encouraging everyone to prepare for an extended pandemic, because it certainly appears that this virus is going to be with us for a long time to come.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

We Are Being Warned That The Coronavirus Could Cause “Shortages” And “Empty Shelves” Here In The United States

We have already seen it happen all over the globe.  In China it is becoming increasingly difficult for ordinary citizens to get essential supplies, there have been very long lines to buy face masks in Hong Kong and elsewhere, and in Italy crazed residents have stripped store shelves empty of pasta and other staples in recent days.  As the number of confirmed cases continues to rise at a very frightening pace, the “panic buying” that we have been witnessing is going to get even worse.  Meanwhile, global supply chains are becoming increasingly strained due to this coronavirus outbreak, and it has already become quite difficult for many stores to get certain things for their customers.

Here in the United States, we have never experienced anything like this.  We are accustomed to stores that are absolutely teeming with products, and any “shortages” are usually very temporary.

But now we are being warned to expect empty store shelves in the months ahead if this outbreak becomes a worldwide pandemic…

Coronavirus has the potential to become a global pandemic, temporarily emptying retail store shelves in the coming months and depressing some consumer-facing businesses, experts say, with government officials advising families to take measured steps to stock up on certain essentials.

In fact, NBC News is reporting that we should anticipate seeing “bare shelves” in some stores “by mid-April”…

If production isn’t restarted soon, the bottlenecks could lead to some bare shelves at brick-and-mortar retailers by mid-April, with stores such as Target and Walmart at the greatest risk, Kelly wrote.

Supply chain disruptions and shortages have the potential to hit retailers such as Best Buy, Michaels and Wayfair in the near future, considering that 60 percent to 70 percent of their inventory comes from China.

That doesn’t sound good at all.

Protective face masks are one of the items that is most in demand right now.  When my wife went to our local Home Depot the other day, there were barely any left at all.  Apparently “hoarding” of masks is taking place on a global scale, and manufacturers are warning that they won’t be able to keep up with demand.  The following comes from the Wall Street Journal

Hospitals and public-health officials in the U.S. and Europe are rationing medical masks and scrounging for more, as they prepare for a potential widening of the coronavirus epidemic.

Global hoarding has left European wholesalers with empty shelves. Manufacturers outside China say they won’t be able to fill an exploding stack of orders for months. U.S. hospitals and medical-supply companies have reported dwindling mask inventory and partial or delayed shipments as the surge in global demand for protective equipment enters a second month.

All over the western world, supplies of face masks are rapidly dwindling.  When one reporter searched around London for a mask, she could only find one pharmacy that still had any for sale…

Meanwhile, pharmacies from Germany to Canada to Italy and the U.K. are all low on medical mask supplies, according to posts circulating on social media.

In a post on Twitter, a journalist for Agence France-Presse said that the only pharmacy in central London she could find stocking face masks was selling them for approximately $3.25 a piece.

Of course masks aren’t the only thing that people are “panic buying” right now.

In Hawaii, a wide range of essential supplies have been “flying off the shelves”

Supplies were flying off the shelves Wednesday, with some shoppers taking pictures of empty shelves at stores across Oahu. This comes after a message from the Health Department to stock up on necessities. There aren’t any coronavirus (COVID-19) cases here in Hawaii, but health officials want people to have food, supplies and medicine just in case.

And after a very long downturn, all of a sudden emergency food has become a very hot commodity again.

In fact, it appears that Costco is currently tapped out

Costco Wholesale, which is one of America’s biggest suppliers of long-term storable food, sold out of all their “emergency food kits” on their website after the CDC warned that Americans should be prepared in case the coronavirus becomes a pandemic.

Visitors to the “Emergency [Food] Kits & Supplies” section of their website are currently greeted with a message saying, “We’re sorry, no products were found.”

Keep in mind that all of this is happening even though we haven’t seen one single American die from this virus yet.

So if things are already this crazy, what is it going to be like if thousands of Americans start dropping dead during this outbreak?

On Amazon, one of the biggest issues has been price gouging.  In fact, “tens of thousands of offers” have been removed in recent days because of “unfair prices”…

Amazon told CNBC it has blocked or removed more than 1 million products that made suspect or misleading claims about the coronavirus. The company said it also suspended or took down tens of thousands of offers from third-party merchants it accused of charging customers unfair prices. Amazon didn’t give specific figures for how many listings it removed or suspended for price gouging.

“There is no place for price gouging on Amazon,” an Amazon spokesperson told CNBC in a statement. The spokesperson pointed to Amazon’s “long-standing” policy on fair pricing, which states that the company doesn’t allow pricing practices that harm consumer trust, such as setting a price on a product that is “significantly higher than recent prices on or off Amazon.”

But what is an “unfair price” in this environment?

A free enterprise system is supposed to dynamically respond to changes in supply and demand, and right now our economic environment is shifting very rapidly.

In the coming months, economic conditions will continue to evolve quickly, and that will especially be true if manufacturers in China cannot resume normal activity.

Many Americans don’t realize this, but we are extremely dependent on imports from China, and that is especially true when it comes to pharmaceutical drugs

The U.S. relies on China for electronics, clothes, toys and, increasingly, prescription drugs. About 90% of the active ingredients used by U.S. companies in drug manufacturing come from China, which has prompted politicians and public health experts to express concern over potential shortages of common generics.

We should have never allowed so much drug manufacturing to move over to China, and now we may end up paying a very great price for doing so.

Even though I hope that the Trump administration is 100 percent correct and that this outbreak will start to subside once warmer weather arrives, I am still encouraging everyone that I know to prepare for a long-term pandemic.

I have been listening very carefully to what medical experts all over the globe have been telling us, and I have found their arguments to be quite persuasive.

The CDC is “asking the American public to prepare for the expectation that this might be bad”, and I plan to heed that advice.

And if you do prepare and this outbreak is not as bad as initially feared, at least you will be prepared for the next great challenge that is ahead of us.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

We Are Watching The Stock Market Do Things That It Has Never Done Before

Stock prices are falling faster and harder than they ever have before.  If the financial markets are in this much chaos even though not a single American has died from the coronavirus yet, what are things going to look like if this outbreak starts sweeping across America like wildfire?  The number of confirmed cases continues to explode all over the world, and the discovery of a case of “unknown origin” in northern California has really shaken up global financial markets.  It has become clear that efforts to contain this virus have failed, and investors are now coming to grips with the fact that this crisis is just getting started.  We haven’t seen this much panic on Wall Street in a very long time, and on Thursday we actually witnessed the largest single day point decline in all of U.S. history

Rising anxiety over the global coronavirus outbreak pushed the stock market into a new zone of fear Thursday.

After falling sharply all week, the Dow Jones industrial average tumbled 1,190.95 points to close at 25,766.64 – its worst one-day point drop in history.

Overall, this is turning out to be an absolutely disastrous week for stocks.

The Dow fell more than 1,000 points on Monday, it fell another 879 points on Tuesday, and stock prices continued to drop on Wednesday.

But hardly anyone expected a brand new all-time record to be set on Thursday, and now we will wait to see what happens on Friday.

Incredibly, the S&P 500 has already plunged into correction territory.  It only took six trading sessions for that to happen, and that is also a brand new record

Six days. That’s all the time it took for the S&P 500 to fall more than 10% from a record into a correction.

That’s the quickest turnaround of the sort ever, according to data from Deutsche Bank Global Research.

We have never seen anything like this, and many are now wondering what is going to happen if this outbreak gets much, much worse.

Without a doubt, stocks could potentially fall a long, long way.  Thanks to a tremendous rally earlier this year, stock prices were pushed to the most overvalued levels that we have ever seen.  It was inevitable that prices would fall, and this coronavirus outbreak looks like it could greatly accelerate that process.

Meanwhile, analysts are increasingly coming to the realization that this virus is going to have very serious implications for the entire global economy.

For example, on Thursday David Kostin of Goldman Sachs warned that American companies “will generate no earnings growth in 2020”

“US companies will generate no earnings growth in 2020,” Goldman’s chief U.S. equity strategist, David Kostin, said in a note to clients Thursday. “We have updated our earnings model to incorporate the likelihood that the virus becomes widespread.”

And Guggenheim’s Scott Minerd is even more pessimistic

Guggenheim’s Scott Minerd says the coronavirus crisis is possibly the worst thing he’s ever seen in his career: “This has the potential to reel into something extremely serious”

This virus is spreading great fear all over the planet, and it is going to be exceedingly difficult for the world economy to function normally when people are afraid to even leave their own homes.

At this point, the travel industry is being hit particularly hard

“We don’t even need to wait for economic data to see how badly the economy is being hit. You can tell that the sales of airlines and hotels are already falling by a half or something like that,” said Tomoaki Shishido, senior economist at Nomura Securities.

Up until recently, Wall Street had been acting as if this was a temporary problem that would soon fade.

But now it has become clear that we will be battling this virus for many months to come.

And what happens if this crisis is like the Spanish Flu pandemic which lasted for three years?

By the way, tens of millions of people died during the Spanish Flu pandemic.  Let us pray that the death toll will not be anything like that this time around.

Unfortunately, with each passing hour this virus makes even more headlines.  The Vice-President of Iran has become a confirmed case, and the Iranian Ambassador to the Vatican has actually died after catching the virus.

Speaking of the Vatican, the Pope just cancelled a service “after he was struck down with illness”

Pope Francis cancelled a church service today after he was struck down with illness.

The 83-year-year-old pontiff was not well enough to attend the mass, although there is no suggestion at this stage he has coronavirus as the outbreak in Italy topped 500 cases.

I should be clear that so far there is absolutely no indication that Pope Francis has been infected by the coronavirus.

But hopefully he is getting tested for it.

In Italy this virus is now officially completely out of control.  On Thursday, we learned that it has now spread to ten different regions

Ten of Italy’s twenty regions are infected with coronavirus as of Wednesday, with Lombardy and Veneto the two most heavily affected regions in the nation.

So far, 400 people have been confirmed to be infected with the virus, which has resulted in 12 deaths as of Wednesday, according to a report by La Repubblica.

Many communities are already in a near total state of shutdown, but that has not stopped the virus from spreading.

Meanwhile, the number of confirmed cases in France actually doubled in just 24 hours

The number of confirmed cases of coronavirus in France has more than doubled in 24 hours, the French Health minister said on Thursday, with the tally now at 38 from 18 on Wednesday.

During a press conference, Olivier Veran said this “sharp increase” was due to the identification of so-called “contact persons” linked to previously known cases, adding France was “ready” for an epidemic.

In my entire lifetime, I have never seen anything like this.

And if the number of cases continues to rise at an exponential rate it is going to be absolutely devastating for the world economy and for global financial markets.

For a long time many have been watching for the “trigger event” that would burst the biggest financial bubble in the history of the planet.

That “trigger event” appears to have arrived, and nothing is ever going to be the same from this point forward.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Really Big News About The Coronavirus In The United States Just Dropped

The CDC has announced that there is a newly confirmed coronavirus case in northern California, and authorities have no idea how the victim was exposed to the virus. This particular individual had not traveled to a foreign country lately and also had not had any contact with a known infected patient. In other words, it appears that this individual was infected by someone that the CDC does not know about yet. As soon as this news dropped, financial markets started freaking out and there was an explosion of speculation on social media. Have the efforts to contain the coronavirus in the United States failed? And if people are going this crazy even though not a single American has died from this virus yet, what is going to happen if people start dropping dead in the streets?

The global tipping point we have been waiting for has now arrived. The number of new coronavirus cases outside of China is now surpassing the number of new coronavirus cases being reported inside China each day, and this virus continues to pop up in even more countries. On Wednesday alone, Norway, Greece, Romania, North Macedonia, Pakistan and Brazil all reported their very first cases. In fact, the case in Brazil was the very first to be reported in all of South America.

But most Americans don’t care too much about what is going on in the rest of the world. What they do care about is what is happening within our own borders, and a lot of people are extremely concerned that there is now a confirmed case of “unknown” origin in northern California…

The Centers for Disease Control and Prevention on Wednesday confirmed an infection in California that would represent the first U.S. person to contract the virus despite not visiting a foreign country recently or coming in contact with an infected patient.

“At this time, the patient’s exposure is unknown,” the CDC said in a statement. “It’s possible this could be an instance of community spread of COVID-19, which would be the first time this has happened in the United States. Community spread means spread of an illness for which the source of infection is unknown. It’s also possible, however, that the patient may have been exposed to a returned traveler who was infected.”

This announcement came just one day after Dr. Nancy Messonnier of the CDC warned that the U.S. should get prepared for a widespread outbreak of this virus…

Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases at the Centers for Disease Control and Prevention, said Tuesday the agency expects a sustained transmission of the virus and called for businesses, schools and communities to brace themselves and plan for potential outbreaks.

Also on Tuesday, San Francisco Mayor London Breed declared a state of emergency even though there were no publicly confirmed cases in San Francisco at the time…

“Although there are still zero confirmed cases in San Francisco residents, the global picture is changing rapidly, and we need to step up preparedness,” Breed said. “We see the virus spreading in new parts of the world every day, and we are taking the necessary steps to protect San Franciscans from harm.”

Is it possible that they already knew about this case of “unknown” origin in northern California on Tuesday?

And could it be possible that there are already many more cases that have not been publicly announced yet?

I understand that one of their top priorities is to keep the public calm, but the American people deserve to know if they are at risk of potentially catching a very deadly virus.

We have already seen how rapidly this virus can spread. A week ago, there were hardly any confirmed cases in South Korea, and now there are 1,595.

In Italy, the number of confirmed cases has now risen above 400, and approximately 100,000 Italians have essentially been placed under quarantine

Italy now has 400 cases — the largest outbreak outside Asia. And the virus is spreading across Europe, with several countries reporting their first cases, including Norway, Romania, Georgia, and North Macedonia. Many European countries are now implementing emergency measures, with Italy effectively placing 100,000 under quarantine with travel restrictions.

But as this virus continues to spread all over the planet, what are we going to do to try to contain it?

After all, we can’t exactly quarantine the entire world.

On Wednesday, President Trump continued to insist that this coronavirus outbreak is “under control”

Trump has repeatedly downplayed the coronavirus threat, saying it was “under control.”

“The people are getting better. They’re all getting better,” Trump said Tuesday. “I think that whole situation will start working out. A lot of talent, a lot of brainpower is being put behind it.”

Hopefully his very optimistic assessment is 100 percent correct.

Hopefully this outbreak will start to fade when warmer weather arrives, and hopefully we won’t even be talking about it by the time the election rolls around in November.

But a number of experts are insisting that we truly are facing a worst case scenario. For example, one Harvard epidemiologist is projecting that “40 to 70 percent” of the entire population of the world will get the virus

But here’s one forecast that caught our eyes from The Atlantic. It is titled, “You’re Likely to Get the Coronavirus.” That piece quotes extensively a Harvard epidemiologist. The article describes him as a cautious professional, the kind of person who carefully considers every word and then backs it with data.

What the professor told the magazine is this: “I think the likely outcome is the coronavirus will ultimately not be containable.” He went on to predict that in the next year 40 to 70 percent of the people on Earth will be infected with coronavirus.

If his projection is accurate, tens of millions will die.

So let us hope that he is dead wrong.

And Zero Hedge has just reported on a brand new study that was just released that has discovered that this coronavirus has “an ‘HIV-like mutation’ which allows it to bind with human cells up to 1,000 times stronger than the Sars virus”…

While mainstream scientists continue to perform mental gymnastics to insist that the new coronavirus wasn’t man-made, new research from scientists in China and Europe reveal that the disease happens to have an ‘HIV-like mutation’ which allows it to bind with human cells up to 1,000 times stronger than the Sars virus, according to SCMP.

Recall that at the end of January, a team of Indian scientists wrote in a now-retracted, scandalous paper claiming that the coronavirus may have been genetically engineered to incorporate parts of the HIV genome, writing “This uncanny similarity of novel inserts in the 2019- nCoV spike protein to HIV-1 gp120 and Gag is unlikely to be fortuitous in nature,” meaning – it was unlikely to have occurred naturally.

Fast forward to new research by a team from Nankai University, which writes that COV-19 has an ‘HIV-like mutation’ that allows it to quickly enter the human body by binding with a receptor called ACE2 on a cell membrane.

If this information is accurate, that would help to explain why this virus spreads at lightning speed once it hits a particular area.

At this moment, you might not have any confirmed cases in your area.

But by this time next week you could potentially have a thousand people walking around with the virus in your community.

So use the time that you have now to make preparations, because in the not too distant future you might be avoiding going out in public as much as possible.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Ominous Warnings About The Very Rapid Spread Of The Coronavirus

Is a widespread coronavirus outbreak inside the United States inevitable? After weeks of generally optimistic statements, officials are now warning us to prepare for the worst. Over the past several days we have seen the number of confirmed cases outside of China escalate dramatically, and this has really rattled global financial markets. After being down more than 1,000 points on Monday, the Dow Jones Industrial Average fell another 879 points on Tuesday. U.S. stocks have lost more than 1.7 trillion dollars in value in just two days. Much more importantly, a wave of tremendous panic is starting to sweep across America, and it looks like this crisis is just getting started.

Usually officials at the CDC choose their words very carefully so that they do not needlessly alarm the public. With that in mind, I would like for you to consider three statements that the CDC’s Dr. Nancy Messonnier made about a potential outbreak inside the United States during a press conference on Tuesday…

#1 “It’s not so much of a question of if this will happen in this country anymore but a question of when this will happen.”

#2 “Disruption to everyday life may be severe.”

#3 “We are asking the American public to prepare for the expectation that this might be bad.”

Can you ever recall a top CDC official ever making statements this ominous?

I certainly can’t.

In addition, Messonnier warned that it may soon become necessary for schools and businesses to greatly restrict person to person contact

The CDC outlined what schools and businesses will likely need to do if the COVID-19 virus becomes an epidemic outbreak in the U.S. Schools should consider dividing students into smaller groups or close and use “internet-based tele-schooling,” Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, told reporters on a conference call. “For adults, businesses can replace in-person meetings with video or telephone conferences and increase teleworking options,” Messonnier said.

On a temporary basis such measures would not be too disruptive, but what if this virus just keeps spreading month after month?

We are potentially facing a scenario that is truly unprecedented, and it is becoming increasingly clear that officials have lost confidence that they will be able to contain this virus. In fact, one former U.S. official told USA Today that “the horse is out of the barn”…

Dennis Carroll, former director of the U.S. Agency for International Development’s Global Health Security and Development Unit, credited China’s “extraordinary control measures” with delaying the spread of the virus. But he said avoiding a pandemic is “very unlikely.”

“The dramatic uptick of cases in South Korea, Iran and Italy are reflective of a self-sustaining spreading of the virus,” Carroll, who now leads the Global Virome Project science cooperative, told USA TODAY. “And a clear message that the horse is out of the barn.”

At this point there are still only a few dozen confirmed cases in the United States, but authorities are bracing for the worst. If you can believe it, San Francisco Mayor London Breed just declared a state of emergency because of this virus…

Mayor London Breed declared a local emergency in San Francisco Tuesday amid the coronavirus outbreak, despite there being no confirmed cases among the city’s residents.

“Although there are still zero confirmed cases in San Francisco residents, the global picture is changing rapidly, and we need to step-up preparedness,” Breed said in a statement. “We see the virus spreading in new parts of the world every day, and we are taking the necessary steps to protect San Franciscans from harm.”

And after being quite apathetic about this outbreak at first, people all over America are suddenly realizing that they should be preparing for a potential pandemic.

In fact, Silicon Valley investor Geoff Lewis created quite a stir when he asked for advice on stockpiling food. The following is the question that he posted on Twitter that caused so much of an uproar

If one were hypothetically stockpiling four months of shelf stable food, what would folks recommend (optimizing for keto friendly)?

We haven’t seen anything like this in the United States in a very long time.

But we haven’t even had a single death from this virus in our country yet. How crazed will people get when victims start dropping dead in the streets like they have been in Wuhan?

There is now talk that the IOC could potentially cancel or postpone the Olympic Games in Tokyo. At one time such talk would have seemed crazy, but this is how serious this outbreak has become.

In Iran, the number of confirmed cases has now jumped to 95, although many people believe that the true number is far, far higher.

During a press conference on Monday, Iran’s deputy health minister attempted to downplay the seriousness of this outbreak, but on Tuesday we learned that he has been infected too

Iran’s deputy health minister said he has tested positive for the novel coronavirus and is in self-quarantine at his home just a day after he appeared at a news conference in Tehran where he sought to quell fears about the outbreak. Iraj Harirchi, the head of Iran’s counter-coronavirus task force, announced the illness in a video online while vowing that authorities would continue working to control the spread.

Apparently not wanting to be outdone, one of the officials in South Korea that was overseeing the response to this outbreak decided to jump off a bridge

But in Seoul took on a more morbid tone Tuesday following reports in the local press that a civil servant from the Ministry of Justice’s Emergency Safety Planning Office jumped off a bridge in Seoul at around 5 am local time Tuesday.

The official was one of several individuals charged with overseeing the government’s response to the virus. As cases soar and hysteria mounts, we suspect this news won’t exactly help quiet the public’s nerves.

Suicide is never the answer to anything, and we should all be praying for that man’s family.

In Italy, the number of confirmed cases has grown by more than 15 times since Friday…

Over in Italy, the number of confirmed cases has surpassed 300 to 322, while the number of dead climbed to 10, according to Italian emergency chief Angelo Borrelli, who said the newly deceased were over the age of 80. That’s up from just 20 confirmed cases on Friday.

Newly deceased were over 80 years old, says at press conference in Rome Tuesday. The new infections include three cases in southern Sicily region, Italian Civil Protection official Borrelli said.

All of a sudden, people all over Europe are wanting to avoid Italians because of the potential of catching the virus. In most cases that fear is irrational, but we do know that an Italian just spread the virus to a hotel in Spain’s Canary Islands

Hundreds of staff and tourists staying at a hotel in Spain’s Canary Islands were put under lockdown on Tuesday, El Pais newspaper reported. One person who had stayed at the establishment was later found to have tested positive for the coronavirus.

I lived in Italy for a few years as a child, and I have a great love for the country.

It is so sad to watch what is happening over there, but the same things are going to start happening here. In fact, Dr. Messonnier has told the public that now is the time “to begin preparing” for a massive outbreak…

“People are concerned about this situation – I would say rightfully so,” Messonnier said. “But we are putting our concerns to work preparing. Now is the time for businesses, hospitals, communities, schools and everyday people to begin preparing as well.”

If you do prepare and all of this turns out to be a false alarm, at least you will be ready for the next crisis that is coming.

But if you don’t do anything to prepare and things get really, really bad, it could end up costing you dearly.

If this virus starts spreading across the United States like wildfire, you and your family will want to minimize contact with the public as much as possible. So stock up on the things you will need now, because when things start getting really crazy the stores will be cleaned out very quickly.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The Extreme Panic The Coronavirus Is Causing Elsewhere On The Globe Could Soon Be Coming To The U.S.

U.S. government officials are doing their best to keep the general population calm, but everyone can see what is happening in the rest of the world. There are now empty store shelves in Italy just like there are in China. People are waiting in extremely long lines to buy masks in South Korea just like we saw in Hong Kong. And victims are literally collapsing in public in Iran just like we witnessed in Wuhan. This coronavirus outbreak is rapidly becoming a true global pandemic, and the panic that this has caused on Wall Street resulted in a 1,031 point drop for the Dow Jones Industrial Average on Monday. Fear is rising all over the planet, and many believe that it is just a matter of time before the same things that are happening elsewhere start happening here.

Originally, 99 percent of the confirmed cases were in China, but now the rest of the globe is starting to catch up.

In fact, the number of confirmed cases outside of China has gotten more than 10 times larger over the last three weeks.

If we continue to see that sort of exponential growth we will soon be facing a nightmare of epic proportions.

In Italy, the number of confirmed cases went from a handful to 229 in just a matter of days. Authorities are desperate to stop this sudden outbreak, and so at this point much of northern Italy is being shut down

Checkpoints block entry to a dozen towns across northern Italy. Milan’s landmark cathedral and opera house lie empty. Venice’s Carnival was ordered closed two days early. Schools are shuttered, soccer matches called off.

Realizing that they may have to stay home for an extended period of time, many in northern Italy have been “panic buying” food…

People in several regions of Italy have reacted to coronavirus spreading throughout the country by panic buying, leaving some store shelves empty.

With 165 people infected, Italy has the most coronavirus victims out of any country in Europe. Five people have died.

Footage out of Milan shot yesterday shows some products almost or entirely out of stock.

Once this virus starts spreading rapidly inside the United States, the same thing will start happening here.

So you might want to take this opportunity to stock up on the things you will need while you still can.

In South Korea, the number of confirmed cases has now risen to 833, and the national government has raised the alert level to the highest possible level

Meanwhile, South Korea reported another spike in new coronavirus cases on Monday, bringing its total to 833 cases with seven deaths. South Korean President Moon Jae-in has raised the national alert level for the virus to “highest,” the first time the country has done so in 11 years.

Just like we have seen elsewhere in Asia, demand for face masks is off the charts. In fact, at one South Korean store there were literally “hundreds of people” lined up around the block to buy masks…

Aerial footage shows hundreds of people lining up around the block to buy face masks in Daegu as most of the new South Korean cases of coronavirus were traced to the city.

Here in the U.S., there will come a point where masks are not available for the general public at all if this outbreak gets bad enough.

So if you think that you may need masks, you should grab them now while you still can.

The other day my wife checked our local Home Depot, and there were only a few left on the shelves. They are still available in most areas, but supplies are definitely getting tighter.

In Iran, it is being claimed that infected people are literally collapsing in the streets, and one Iranian politician is saying that the true death toll is far higher than the government is reporting…

CORONAVIRUS has claimed the lives of “50 people” in just one single Iranian city, a politician has claimed, accusing the government of covering up the true seriousness of the outbreak.

And one expert in infectious diseases has suggested the country could become a “hotspot” for “seeding” countries outside Iran with the virus, officially known as Covid-19. The Iranian Government this morning put the total number of deaths for the entire country at 12 – but Ahmad Amirabadi Farhani, a Parliamentary representative for the city of Qom, insisted the true figure was many times higher. The semi-official ILNA news agency reported Mr Farhani as saying: “Up until last night, around 50 people died from coronavirus. The health minister is to blame.”

Is that true?

Have approximately 50 people already died in Iran?

If that is accurate, that is an extremely ominous sign.

This certainly has the potential to become a truly horrifying global pandemic, and the World Health Organization is warning that the world is “not ready for a major outbreak”

As new cases of the coronavirus spiked on two continents, the World Health Organization warned on Monday that the world was not ready for a major outbreak, even as it praised China’s aggressive efforts to wrest the epidemic under control.

After two weeks on the ground in China, a team sent by the W.H.O. concluded that the draconian measures China imposed a month ago may have saved hundreds of thousands of people from infection. Such measures — sealing off cities, shutting down businesses and schools, ordering people to remain indoors — have provoked anger in China and could be difficult to replicate in democratic countries with a greater emphasis on protecting civil liberties.

Despite all of the measures that have been taken to control the spread of this virus, it just continues to pop up in more areas around the globe.

So how bad could this outbreak eventually become?

Well, Harvard epidemiology professor Marc Lipsitch believes that “40 to 70 percent of people around the world will be infected” by the time this crisis is over…

In an article entitled You’re Likely to Get the Coronavirus, the Atlantic explains how the coronavirus is particularly dangerous because it may cause cause no symptoms at all in many carriers of the infection.

According to Harvard epidemiology professor Marc Lipsitch, this contributes to his prediction that coronavirus “will ultimately not be containable.”

“Lipsitch predicts that, within the coming year, some 40 to 70 percent of people around the world will be infected with the virus that causes COVID-19,” reports the Atlantic.

If that projection ends up being accurate, the death toll will be in the millions.

We should truly hope that Lipsitch and the other experts that are warning of imminent doom are dead wrong.

But we would also be exceedingly foolish to completely ignore their warnings.

These scientists have been studying infectious diseases throughout their entire careers, and now they are telling us that the next great global pandemic has arrived.

If that is true, all of our lives are about to change in a major way.

Personally, I am still hoping for the best, but I am also checking the latest numbers coming in from all over the globe multiple times per day.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The “Unsinkable” Financial Markets Just Slammed Into A Massive “Iceberg” Called The Coronavirus

We just witnessed the third largest single day point drop in U.S. stock market history, and experts are warning that things will only get worse if this coronavirus pandemic continues to escalate. On Monday, the Dow Jones Industrial Average was down a whopping 1,031 points, and it looks like there could be more volatility on Tuesday. In fact, the Nikkei is already down 787 points as I write this article. Of course this sudden decline is being mostly driven by fear of the coronavirus. The rapid spread of the virus in South Korea, Italy and Iran over the weekend really rattled investors, and there was a rush to sell stocks when the markets opened on Monday morning. And the worse this pandemic becomes, the lower stock prices are going to go.

You see, the truth is that stock prices are primarily based on what investors believe the future is going to look like.

For a long time, investors have assumed that the future would be exceedingly bright, and stock prices have steadily trended upwards.

But a coronavirus pandemic changes everything. If worldwide economic activity comes to a standstill like we are already seeing happen in China, it is inevitable that there will be a very serious global economic downturn.

And this outbreak comes at a time when stock prices have been more overvalued than they have ever been before in American history. Most stocks have been priced “beyond perfection”, and so it was just a matter of time before those prices started to fall.

As I have explained many times before, stock prices tend to fall much faster than they rise, and the rapid decline on Monday was quite breathtaking

The Dow Jones Industrial Average closed 1,031.61 points lower, or 3.56%, at 27,960.80. The S&P 500 slid 3.35% to 3,225.89 while the Nasdaq Composite closed 3.71% lower at 9,221.28. It was the Dow’s biggest point and percentage-point drop since February 2018. The Dow also gave up its gain for 2020 and is now down 2% for the year. The S&P 500 also had its worst day in two years and wiped out its year-to-date gain as well.

Tech stocks got hit particularly hard.

If you can believe it, the stocks of the big tech companies “lost more than $250 billion in value” on Monday…

Apple, Facebook, Amazon, Microsoft and Google-parent Alphabet collectively lost more than $250 billion in value as part of a broader market plunge. The tech companies make up nearly one-fifth of the value of the S&P 500, which itself is down more than 3.6%. Apple has the largest exposure to China, as it relies heavily on Chinese manufacturing plants for its top products and on Chinese consumers to buy iPhones.

And overall, global stocks lost more than a trillion dollars in value to start the week.

Of course stock prices were so ridiculously inflated that the markets can easily absorb what happened on Monday.

What really matters is what happens next.

If U.S. authorities can keep this virus from spreading widely here in the United States, the impact on our economy won’t be that dramatic.

But if there is a widespread outbreak, all bets are off. More than a decade ago, the CBO conducted a study which examined this sort of a scenario, and what they discovered is definitely alarming

CBO did a study in 2005 and 2006, modeling the impact of a 1918-sized flu pandemic on the economy. They found that a pandemic “could produce a short-run impact on the worldwide economy similar in depth and duration to that of an average postwar recession in the United States.” Specifically, a severe pandemic could reduce U.S. gross domestic product by about 4.5%, followed by a sharp rebound.

The CBO assumed that 90 million people in the U.S. would get sick, and 2 million would die. There would also be demand-side effects, with an 80% decline in the arts and entertainment industries and a 67% decline in transportation. Retail and manufacturing would drop 10%.

Personally, I think that those numbers are probably too optimistic.

In China, people are deathly afraid to leave their homes right now, and that has caused economic activity to come to a crashing halt.

In fact, during the first portion of this month vehicle sales in China were down 92 percent

As The Epoch Times reported late last week, for example, sales of Chinese passenger vehicles has tanked a whopping 92 percent “on an annual basis the first 16 days of February,” according to the China Passenger Car Association.

Sales of passenger vehicles only amounted to 4,909 units during the first 16 days of the month, the organization reported, which fell from 59,930 vehicles sold over the same period a year ago. These are the first figures to demonstrate just how hard the Wuhan coronavirus is hitting the world’s largest auto market.

And at this point even Chinese President Xi Jinping is admitting that this outbreak will “have a relatively big impact on the economy and society”.

Up until now, the financial markets have been mostly overlooking the fact that the second biggest economy on the entire planet has been imploding because of this virus.

I think that many investors were assuming that this outbreak was just a temporary phenomenon, but now reality is starting to set in

“The second-largest economy in the world is completely shut down. People aren’t totally pricing that in,” said Larry Benedict, CEO of The Opportunistic Trader, adding a 10% to 15% correction in stocks may be starting. He also said some parts of the market, particularly large-cap tech stocks, appear to be over-owned. “It seems like there’s much more to come.”

Hopefully U.S. stocks will bounce back on Tuesday. Following a decline of the magnitude that we just witnessed, that is often what happens.

And President Trump is certainly doing his best to keep everyone feeling optimistic. The following is what he tweeted on Monday

The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!

Hopefully President Trump is correct.

And hopefully he is also correct when he claims that this pandemic will start to subside once warmer weather arrives.

But so far this mysterious new coronavirus is winning the battle, and investors all over the globe are really starting to freak out.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

This Coronavirus Outbreak Just Took Some Bizarre New Turns

Many were hoping that this coronavirus outbreak would begin to subside, but instead we witnessed an explosion of newly confirmed cases over the weekend. In fact, the number of confirmed cases outside of China has doubled over the past five days. If that number continues to double very rapidly, authorities will be talking about a full-blown “global pandemic” in no time. When I watched a victim suddenly collapse and start to twitch on a subway in Hong Kong, I thought about the sort of panic that would set off if that happened in New York. When I saw a video of Chinese authorities using butterfly nets to capture sick people, it made me wonder what U.S. authorities might do to round up those that are ill. The level of fear that a full-blown pandemic would cause would transform our society overnight. Even now, Chinese restaurants in Canada are completely empty due to concerns about catching this virus. But once this virus is being spread in virtually every city in North America, many of us won’t want to go anywhere at all, and that would bring economic activity to a complete and utter standstill.

For a while, it seemed like this outbreak was almost entirely a Chinese problem, and most Americans were not too alarmed about it. But over the weekend the rapid spread of the virus in South Korea, Italy and Iran spooked financial markets and mainstream news outlets in the U.S. started publishing stories about this outbreak with very alarming headlines.

And those alarming headlines are justified, because experts are telling us that we could very well be on the verge of a horrifying global pandemic

“We are at a turning point in the Covid-19 epidemic,” said Lawrence Gostin, a global health law professor at Georgetown University. “We must prepare for the foreseeable possibility, even probability, that Covid-19 may soon become a pandemic affecting countries on virtually all continents.”

Once this virus starts to spread in a community, the number of cases can explode within hours. For example, the number of confirmed cases in South Korea went from 30 to 602 in just 96 hours

Confirmed infections in South Korea have exploded over the last 96 hours from just 30 cases to 602 confirmed cases. Local residents there are scrambling to purchase preparedness supplies, stripping shelves bare and leading to a sense of urgency. Some cities in South Korea have already taken on a “ghost town” vibe, with streets emptied and nearly all community functions shut down.

And as I write this article, the number of confirmed cases in South Korea has now shot up to 763. By the time you read this article, it will probably be even higher.

In Italy, the number of confirmed cases went from 3 to more than 150 in just a couple of days

In Italy, officials said a third person infected with the flu-like virus had died, while the number of cases jumped to above 150 from just three before Friday.

Authorities sealed off the worst affected towns and banned public gatherings in much of the north, including halting the carnival in Venice, where there were two cases, to try to contain the biggest outbreak in Europe.

Alarmingly, Italian officials can’t even figure out how the virus got to Italy in the first place, and then have now placed “almost a dozen towns” under quarantine…

Italian health authorities were struggling to find out how the virus started. “If we cannot find ‘patient zero’ then it means the virus is even more ubiquitous than we thought,” said Luca Zaia, the regional governor of the wealthy Veneto region.

Almost a dozen towns in Lombardy and Veneto with a combined population of some 50,000 have effectively been placed under quarantine.

This morning I went to take a look at the Serie A results from over the weekend, and I was particularly interested in seeing how Atalanta had done after their stirring Champions League victory last week. Unfortunately, their game was among three matches that were called off due to the virus

On orders from the government, the Italian league games that were set to be played today – Inter Milan v Sampdoria, Atalanta v Sassuolo and Hellas Verona v Cagliari – were called off.

However three other matches in Genoa, Turin and Rome on Sunday were allowed to go ahead as scheduled with many fans wearing facemasks while sitting in the stands.

This is basically the equivalent of cancelling NFL games in the United States. It is something that simply does not happen under normal circumstances.

But these are not normal times.

There has also been an eruption of cases in Iran, and five of their confirmed cases have already died

As of Sunday, Iran reported 28 cases, including 5 deathsdays after authorities there said they had no Covid-19 within their borders. Cases with links to Iran have already turned up in Canada and Lebanon.

Very quickly, the country’s narrative about the virus has changed. Schools and universities across the country are being shuttered as a “preventive measure,” along with some cinemas and restaurants, according to Al Jazeera.

So now we can’t just try to isolate ourselves from China and assume that everything is going to be okay.

This virus has already spread all over the world, and that means that it could come into the United States from almost any direction.

Of course China continues to be the epicenter of this outbreak. According to Epoch Times reporter Jennifer Zeng, there are tens of thousands of people in the hospitals in Wuhan, and crematoriums continue to burn bodies 24 hours a day…

50-60 K people in hospitals in #Wuhan, out of 18 cremators at a crematorium, 3 were burned out due to overuse. Other 15 in operation 24/7. Many families died out.

Here in the United States, we only have 35 confirmed cases so far, and many have been wondering why that number has stayed so low.

Well, perhaps it is because the CDC has only tested 414 people so far…

Given the tens of thousands of Chinese nationals entering the United States of America every month, the thousands of Chinese students and the many thousands of residents who are under “observation” by state health authorities in places like Washington and California, a reasonable person might expect that the CDC has so far tested at least 10,000 people for the CoVid-19 coronavirus. But guess how many the CDC has actually tested?

To the great shock of anyone paying attention, the CDC’s own website admits the agency has tested only 414 people in the entire country.

As I discussed the other day, there are thousands upon thousands of people currently under “self-quarantine” in the United States.

Why have the vast majority of them not been tested?

And it looks like the quarantine period being used in the U.S. and in much of the rest of the world may be way too short.

In fact, Chinese officials are telling us that one Chinese man “took 27 days to show coronavirus symptoms”

A Chinese pensioner who took 27 days to show coronavirus symptoms has sparked fears that a 14-day quarantine is two weeks too short.

The 70-year-old man was infected with the killer virus in China’s Hubei Province and showed symptoms nearly four weeks later, the local government said on Saturday.

So we may be releasing countless numbers of potentially sick people back into the general population way too early.

This is a nightmare that is getting worse with each passing day, and if this turns into a true global pandemic the impact on the global economy is going to be off the charts.

We can get an idea of where things could be heading by taking a look at what is already happening inside China. Small businesses all over the nation are rapidly running out of cash, and in just a matter of weeks virtually all of them will be out of cash. The following comes from Zero Hedge

Let’s start with Chinese businesses: while China’s giant state-owned SOEs will likely have enough of a liquidity lifeblood to last them for 2-3 quarters, it is the country’s small businesses that are facing a head on collision with an iceberg, because according to the Nikkei, over 85% of small businesses – which employ 80% of China’s population – expect to run out of cash within three months, and a third expect the cash to be all gone within a month.

Should this happen, not only will China’s economy collapse, but China’s $40 trillion financial system will disintegrate, as it is suddenly flooded with trillions in bad loans.

Now try to imagine what that might look like on a global scale.

We have never dealt with something like this in the post-World War II era, and there is still so much about this virus that is not known.

Personally, I am still hoping that this outbreak will start to fizzle out once warmer weather arrives. But so far nothing seems to be able to slow this virus down, and it appears that a “tipping point” has now arrived.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Most Americans Are Not Taking This Coronavirus Outbreak Seriously, And That Is Potentially Very Dangerous

We still don’t know if this coronavirus outbreak will become a horrific worldwide pandemic or not, but what we have seen so far is definitely very alarming. People have literally been dropping dead in the streets, the Chinese government has locked down major city after major city, and the virus kept spreading very rapidly on a cruise ship off the coast of Japan even though a strict quarantine was instituted. Scientists that have studied the virus are telling us that it “could be 20 times more lethal than the flu”, and it binds to human cell receptors much more easily than the SARS virus did. Unfortunately, because the epicenter of this crisis is on the other side of the globe, most Americans are simply not paying much attention to it. In fact, most of the people that my wife and I have been talking to and hearing from don’t think that the coronavirus is much of a threat to the United States at all.

And if the coronavirus does start to become a problem in this country, a new survey has found that most Americans are quite confident that the government can handle it

More than three in four Americans say they are very confident or somewhat confident in the US federal government’s ability to handle a coronavirus outbreak, a Gallup poll has found, a higher level of confidence than in previous health scares.

Gallup said the results were from a February 3 to February 16 poll that began just days after the Trump administration announced it would suspend entry of foreign nationals who had been to China in the previous two weeks.

Hopefully this coronavirus outbreak will not explode in North America and our normal lives will not be disrupted.

But considering what is happening over in Asia, it would definitely be prudent to take some precautions. Unfortunately, most Americans are not really doing much of anything to prepare for a potential pandemic at this point.

If a pandemic does not materialize, that won’t be a problem. But if this virus starts spreading like wildfire in the U.S., we are going to have a massive crisis on our hands.

The time to stop an outbreak from happening is at the very beginning, and the lack of urgency about this virus that we are witnessing from local health officials around the country is absolutely stunning.

According to NBC News, there are thousands of Americans that are currently “under voluntary self-quarantine”. These individuals have either recently traveled to China or they have recently had contact with someone that was infected.

As you might assume, a “voluntary self-quarantine” is not mandatory. Instead, NBC News says that it is “strongly encouraged”

Self-quarantining isn’t mandatory, but it is strongly encouraged.

It’s up to the state and local health departments to decide how to manage residents under self-quarantine.

So anyone that doesn’t want to participate can feel free to mix with the general public as much as they want.

Isn’t that great?

And since it is “up to the state and local health departments to decide how to manage residents under self-quarantine”, there is no single set of standards that is being followed.

In other words, state and local health officials are free to make things up as they go along.

We aren’t talking about a small number of people either. In fact, more than 5,000 people are under self-quarantine in California alone

The California Public Health Department said there are more than 5,400 such people in the state. In Washington state, 745 people have been asked to self-quarantine. Georgia health officials identified about 200 travelers.

The Michigan Department of Health and Human Services said more than 300 people were referred for monitoring.

All it takes is a couple of “super spreaders” to get a real good outbreak going, and to see such a lack of concern about preventing the spread of this disease is quite disheartening.

And this lackadaisical attitude has even extended to actual victims that have been confirmed to have the virus. The CDC specifically warned against putting infected people on the same flight with non-infected people, but the U.S. government did it anyway

Fourteen Americans who tested positive for the Coronavirus were flown back to the US on a flight with over 300 people who were not infected, despite objections from the Centers for Disease Control and Prevention.

The flight was filled with people who were evacuated from the Diamond Princess cruise ship in Japan, which had been quarantined due to an outbreak of the virus.

Reading this sort of thing makes you want to tear your hair out.

Despite such extreme negligence, hopefully everything will be okay. But it should be noted that the CDC is telling hospitals that now “is the time to open up your pandemic plans and see that things are in order”

“This is the time to open up your pandemic plans and see that things are in order,” Dr. Anne Schuchat, a top official of the Centers for Disease Control and Prevention, urged hospitals last week as an outbreak of a deadly new coronavirus ravaged much of China.

“For instance,” she continued, health-care providers need to plan for a “surge at a hospital, the ability to provide personal protective equipment for your workforce, the administrative controls and so forth that you might put place in a health care setting.”

Anyone that assumed that this crisis would be largely confined to China has been proven wrong. At this point, we have already seen significant outbreaks erupt in several other countries in Asia. In fact, there are now six other nations where “community spread” is taking place…

  • Japan
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam

Perhaps the most notable outbreak on that list is in South Korea. According to the Guardian, 31 brand new cases were announced on Thursday…

The South Korean city of Daegu was facing an “unprecedented crisis” after coronavirus infections that centred on a controversial “cult” church surged to 38 cases, accounting for nearly half of the country’s total.

The city of 2.5 million people, which is two hours south of the capital Seoul, was turned into a ghost town after health officials said the bulk of country’s 31 new cases announced on Thursday were linked to a branch of the Shincheonji Church of Jesus.

If we don’t want the same thing to happen here, we need to take this virus very seriously.

Unfortunately, that is simply not happening, and all of us could end up paying a great price as a result.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Compared To SARS, This New Coronavirus “Is Up To 20 Times More Likely To Bind To Human Cell Receptors”

The more scientists study this new coronavirus, the more alarming it becomes. When this outbreak first emerged, officials told us that it was very unlikely that it could be transmitted from human to human. When that was shown to be obviously wrong, officials started claiming that human to human transmission would be “limited” like we saw during the SARS epidemic. Of course that was completely wrong too, and now we know that this new coronavirus actually spreads like wildfire among human populations, and that is because it is much different from the SARS virus. In fact, brand new research conducted by scientists at the University of Texas at Austin has discovered that this coronavirus “is up to 20 times more likely to bind to human cell receptors”

The deadly new coronavirus is up to 20 times more likely to bind to human cell receptors and cause infection than severe acute respiratory syndrome (Sars), a new study by researchers at the University of Texas at Austin has found.

The novel coronavirus and Sars share the same functional host-cell receptor, called angiotensin-converting enzyme 2 (ACE2).

According to this new study, the “high affinity of 2019-nCoV S for human ACE2 may contribute to the apparent ease with which 2019-nCoV can spread from human to human”, and that statement should definitely send a chill down your spine.

The speed with which this virus spreads has been absolutely stunning, and the latest numbers that we have indicate that it has a reproduction rate which is almost unprecedented. The following comes from Natural News

The reproduction rate (R0) of the Wuhan coronavirus (CoVid-19) – meaning the number of other people that one infected person could potentially spread it to – has been steadily rising over the past several months. Early on, it was in the 1.0-2.0 range. Then, it changed to as high as 6.6. Now, the latest science says we’ve breached 7.05.

What this means is that one infected person could spread the Wuhan coronavirus (CoVid-19) to seven other people, who could then each spread it to seven other people themselves. In other words, one infected person infects seven other people, who then collectively infect 49 other people, who then infect 343 other people, who then infect 2,401 people, and on and on it goes.

And even if you get this virus and eventually recover, there is a chance that you could get it again fairly quickly

Li QinGyuan, director of pneumonia prevention and treatment at China Japan Friendship Hospital in Beijing, said a protective antibody is generated in those who are infected.

“However, in certain individuals, the antibody cannot last that long,” Li said. “For many patients who have been cured, there is a likelihood of relapse.”

Needless to say, all of the information that I have just shared with you is really bad news.

This is an exceedingly dangerous virus, and the potential for a horrific global pandemic is definitely there.

But Chinese President Xi Jinping insists that the outbreak is slowing down in his country and that his government “is witnessing positive changes”

Xi said, “the battle has reached a crucial time” and China had “mobilized the entire country, and adopted the most comprehensive, rigorous and thorough prevention and control measures,” Xinhua reported.

“Thanks to those arduous efforts, the situation is witnessing positive changes,” Xi said.

Hopefully he is correct, but at this point there is a tremendous amount of skepticism about the official numbers coming out of China. In fact, even the White House has expressed skepticism about the numbers.

It would definitely be welcome news if the Chinese were actually getting this outbreak under control, but if that is the case then why did they just bring 40 industrial incinerators into Wuhan?…

China has reportedly deployed 40 industrial incinerators to the epicentre of the coronavirus outbreak Wuhan.

Chinese media reports that the furnaces have been shipped to the city amid ongoing fears the death toll is being covered up.

NTD reports that the cabins are for the disposal of animal carcasses, while China Ship news reports the incinerators are for medical waste.

We know that funerals have been banned in the affected areas and that the government is mandating that all bodies be burned.

And we also know that dead bodies have been piling up at crematoriums in Wuhan even though they have been burning bodies 24 hours a day.

So are these industrial incinerators being brought in to help burn the backlog of dead bodies?

We don’t know, but that is what a lot of people suspect.

Meanwhile, this outbreak continues to escalate all over the globe. Just a few hours ago, we learned that the number of confirmed cases in South Korea has risen to 46

The number of coronavirus cases in South Korea rose to 46 on Wednesday, after 15 new cases were reported, including a cluster of nearly a dozen centred on the southeastern city of Daegu.

Of the new cases, 13 were in Daegu and neighbouring North Gyeongsang province, said the Korea Centres for Disease Control and Prevention (KCDC), and eleven were believed to be linked to a single patient, a 61-year-old woman.

And I was quite surprised to learn that Iran has reported two deaths due to the coronavirus…

The 2 Iranians who reportedly tested positive for COVID-19 have died, according to several foreign media reports cited by Reuters.

As we reported earlier, a health ministry spokesperson said both cases were found and isolated in the city of Qom, where the two were treated in quarantine. Their conditions were said to be relatively stable earlier.

There are very few areas of the globe that have not been hit yet, and the number of cases outside of China continues to rise at an exponential rate.

Here in the United States the number of confirmed cases is still fairly low, but the secrecy with which some officials are treating this outbreak is quite curious. The following example comes from Natural News

According to the Tampa Bay Times, “state health officials say they can’t disclose how many people have been tested for the virus… state Surgeon General Scott Rivkees said the Florida Department of Health is not authorized to publish the number of people in the state being tested for the virus out of privacy concerns.”

But that’s a lie.

Publishing aggregate numbers without any personally identifiable information doesn’t violate any law or regulation related to personal health privacy.

Hopefully those officials are just being overly protective and they aren’t trying to cover something up.

Because the American people deserve the truth, and they haven’t always been getting it during this crisis.

I am still hoping that President Trump is correct and that this outbreak will start to fade once winter ends and warmer temperatures arrive. But all of the scientific research that has been conducted so far indicates that this is an extremely dangerous virus, and we should all be taking this outbreak very seriously.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

10 Very Important Questions That The Mainstream Media Should Be Asking About This Coronavirus Outbreak

Why is the mainstream media so scared of asking difficult questions about this coronavirus outbreak? At one time the United States had the greatest investigative journalists in the entire world, but today it is very rare to see any of our major news outlets go much beyond the basic facts of a story. In particular, the coverage of this coronavirus outbreak has been absolutely abysmal. Other than dutifully repeating the basic information being fed to them by the CDC and the Chinese government, mainstream media coverage of this crisis has amounted to little more than assuring everyone that everything is going to be just fine. As a result, Americans are increasingly turning to independent journalists for some honest coverage of this outbreak, because they know that they aren’t getting the whole truth from the usual suspects.

There is still so much we don’t know about this virus, and very few of our “journalists” are willing to dig deeper to find the answers we need.

The public is hungry for information, and getting to the truth starts with asking the right questions. The following are 10 very important questions that the mainstream media should be asking about this very alarming coronavirus outbreak…

#1 The Washington State Department of Health has announced that 746 people are currently being “monitored” for coronavirus symptoms. Are all 746 being quarantined, or are they being allowed to mix with the general public? According to the agency’s official website, it is unclear what “monitoring their health” actually entails…

The number of people under public health supervision includes those at risk of having been exposed to novel coronavirus who are monitoring their health under the supervision of public health officials. This number includes close contacts of laboratory confirmed cases, as well as people who have returned from China in the past 14 days and are included in federal quarantine guidance.

#2 In Hawaii, a local resident named John Fukiwara recently had very close contact with a Japanese man that later was confirmed to be infected by the coronavirus. After contacting health officials, why was Fukiwara told to “go about his normal day-to-day routine”?

That said, the Times reporter did manage to find John Fukiwara, a local resident who said he believes the Japanese man is a friend of his whom he would not identify by name. The man recently visited the island and had coffee with Fukiwara before they exchanged gifts of chocolate.

Fukiwara then contacted a local newspaper and then reached out to state health officials, with whom he offered to self-quarantine. But amazingly, state health officials told him to simply go about his normal day-to-day routine and to be sure to report any symptoms.

#3 If this coronavirus outbreak “isn’t that serious”, then why has everyone in Hubei province now been ordered to stay at home until further notice?

The central Chinese province of Hubei escalated its restrictions to contain a coronavirus epidemic on the weekend, ordering the province’s residents – including 24 million people in rural areas – to stay home until further notice.

#4 If this coronavirus outbreak “isn’t that serious”, then why did Russia just ban all Chinese citizens from entering the country?

Russian Prime Minister Mikhail Mishustin signed an order temporarily banning Chinese citizens from entering Russia for tourism, personal reasons or work starting Thursday, Interfax reported, citing Deputy PM Tatyana Golikova’s office.

#5 Chinese officials have just released data which show that this virus “could be 20 times more lethal than the flu”. Why does hardly anyone in the western world know about this?…

The director of a Chinese hospital at the epicenter of the coronavirus outbreak became one of its victims Tuesday despite “all-out” efforts to save his life, Chinese health officials said.

The death came the same day Chinese officials released data indicating the new virus could be 20 times more lethal than the flu.

#6 Why is this virus killing 15 percent of all victims that are over the age of 80?…

The deadly coronavirus rapidly sweeping the world kills up to 15 per cent of patients over the age of 80, scientists have revealed.

Chinese health officials carried out the biggest ever study on the never-before-seen strain of the virus, using data from 72,000 cases.

#7 On the flip side, why are so few children being infected by this virus?…

Scientists are still learning about the coronavirus outbreak that has killed 1,384 people and infected more than 64,000 in China. One of the biggest mysteries is why so few children have gotten sick.

The outbreak was first reported on December 31, but no children younger than 15 years old had been diagnosed as of January 22. A study in the New England Journal of Medicine said at the time that “children might be less likely to become infected or, if infected, may show milder symptoms” than adults.

#8 What is this coronavirus outbreak going to mean for the entire global economy? This is something that I have written about repeatedly in recent days, but the mainstream media in the western world continues to insist that this crisis will just be a small bump in the road. Meanwhile, over in India there are warnings that there could be “massive disruptions” and “shortages” if this crisis doesn’t end soon

Pankaj R. Patel, chairman of Zydus Cadila, said prices of medicine in India have exponentially jumped in the last several weeks, thanks to much of the medicine is sourced from China.

The Indian pharmaceutical industry is experiencing massive disruptions that could face shortages starting in April if supplies aren’t replenished in the next couple weeks, Patel warned.

#9 Why did the coronavirus continue to spread like wildfire aboard the Diamond Princess cruise ship even after a quarantine was initiated?

A top health official at the National Institutes of Health acknowledged that the quarantine aboard the coronavirus-infected Diamond Princess Cruises ship failed while discussing the decision to evacuate hundreds of American passengers – 14 of whom tested positive for the virus.

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, said the original idea to keep people safely quarantined on the ship wasn’t unreasonable. But even with the quarantine process on the ship, virus transmission still occurred.

#10 The number of confirmed cases outside of China has doubled in less than a week. If the number of cases continues to double every week, how bad will this crisis eventually become?

I’ll answer that one.

If the number of confirmed cases outside of China doubles every week, there will be a million cases just 10 weeks from now.

And once there are a million people with coronavirus walking around all over the planet, nobody is going to be able to “contain” it.

So let us hope that the measures that authorities are currently taking to control the spread of this disease will work.

President Trump believes that this outbreak will start to fizzle when warmer weather arrives, and I truly hope that he is correct.

Because right now this outbreak is getting worse with each passing day, and we definitely aren’t getting good information about this crisis from the mainstream media.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Shocking New Study Says The Coronavirus “Could Impact More Than 5 Million Businesses Worldwide”

When was the last time that we witnessed a disaster that severely disrupted the supply chains of over 5 million companies around the globe simultaneously? Looking back over the past couple of decades, I can’t think of one. In recent days I have written a number of articles about the economic impact of this coronavirus outbreak, and what we have seen so far could be just the beginning. With each additional week that much of the Chinese economy remains at a virtual standstill, things are going to get even worse. Today, China accounts for approximately 20 percent of global GDP, but that doesn’t tell the entire story. At this point the rest of the world has become so dependent on Chinese exports that any sort of an extended shutdown for Chinese manufacturing would be a complete and utter nightmare for global supply chains. In fact, a brand new study that was just released by Dun & Bradstreet has concluded that the coronavirus outbreak in China “could impact more than 5 million businesses worldwide”

The new coronavirus outbreak and subsequent shutdown of huge swathes of China could impact more than 5 million businesses worldwide, according to a new study.

A special briefing issued by global business research firm Dun & Bradstreet analyzed the Chinese provinces most impacted by the virus, and found they are intricately linked to the global business network.

Many people may assume that we could just “make these things somewhere else”, but that isn’t so easy.

New factories would have to be built, workers would have to be trained, etc.

And as Harvard Business School’s Willy Shih has pointed out, there are “some things that are only made in China these days”…

There are some things that are only made in China these days, and not just the usual electronics and toys — consumer products — it’s active pharmaceutical ingredients that go into pharmaceutical supply chains worldwide.

So what is going to happen if economic activity in China does not return to normal any time soon?

That is a very good question. Unfortunately, there will be shortages, and global supply chains will become incredibly strained.

According to the brand new study from Dun & Bradstreet that I mentioned above, 938 of the Fortune 1000 companies have at least a “tier 2” supplier in the region

Dun & Bradstreet researchers found that at least 51,000 companies worldwide, 163 of which are in the Fortune 1000, have one or more direct or “tier 1” suppliers in the impacted region, while at least 5 million — and 938 in the Fortune 1000 — have one or more “tier 2″ suppliers.

The impact on businesses in China and around the world is already dragging down economic growth forecasts for the year.

In some cases, the breakdown of global supply chains will simply lead to higher prices for western consumers.

But in other cases there will come a point when certain products are not available at all. The following comes from Zero Hedge

A new poll via Shanghai’s American Chamber of Commerce (AmCham) discovered that 50% of US firms operating in China say shutdowns of factories have impacted their global operations due to the Covid-19 outbreak, reported Reuters.

About 78% of these firms warn that their staffing is currently short at the moment, which would prevent the resumption of full production, leading to massive shortages of products in the next several months for Western markets.

Massive shortages of products?

That doesn’t sound good at all.

Hopefully this outbreak will start to fizzle out and such an ominous scenario will not materialize. But at this point even Apple is admitting that revenue will be well below expectations this quarter. In explaining this to the public, Apple cited a couple of reasons…

  • The first is that worldwide iPhone® supply will be temporarily constrained. While our iPhone manufacturing partner sites are located outside the Hubei province — and while all of these facilities have reopened — they are ramping up more slowly than we had anticipated. The health and well-being of every person who helps make these products possible is our paramount priority, and we are working in close consultation with our suppliers and public health experts as this ramp continues. These iPhone supply shortages will temporarily affect revenues worldwide.
  • The second is that demand for our products within China has been affected. All of our stores in China and many of our partner stores have been closed. Additionally, stores that are open have been operating at reduced hours and with very low customer traffic. We are gradually reopening our retail stores and will continue to do so as steadily and safely as we can. Our corporate offices and contact centers in China are open, and our online stores have remained open throughout.

Needless to say, U.S. financial markets are not responding favorably to this announcement.

But what is happening elsewhere is nothing compared to the economic nightmare that is unfolding inside of China right now.

Because of the virus, very few people even want to leave their homes. As a result, consumer spending has almost entirely disappeared.

In fact, one CEO claims that there is virtually “no domestic consumption” in China right now…

Alan Lim of E-Services Group says there is “completely no domestic consumption” now and “factories are, at best, this week at 25% production … you need approval by the government to say you [can] work.”

Of course it is entirely possible that what is taking place in China could start happening elsewhere if this virus continues to spread.

The total number of confirmed cases outside of China is rapidly approaching the 1,000 mark, and that isn’t something to be extremely alarmed about yet.

But if that number continues to rise at an exponential rate, we will soon see a tremendous amount of panic all over the globe, and that will be extremely bad news for the entire global economy.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Trump Does Not Trust The Coronavirus Numbers That Are Coming Out Of China

For weeks, the mainstream media has insisted that the coronavirus numbers coming out of China are entirely accurate and that anyone that dares to question them is putting out “fake news”. Even as we have gotten to the point where it has become mind-numbingly obvious that the Chinese are not being straight with us, the mainstream media has not wavered. Well, now even the White House is questioning the accuracy of the numbers. President Trump has tried to be publicly supportive of Chinese President Xi Jinping during this outbreak, and he probably would have overlooked a little fudging of the numbers. But at this point things have gotten so absurd that a White House official has told CNBC that the administration does not “have high confidence in the information coming out of China”…

The White House said this week it does “not have high confidence in the information coming out of China” regarding the count of coronavirus cases, a senior administration official told CNBC. Meanwhile, China has reportedly been reluctant to accept help from the Centers for Disease Control and Prevention, and has reportedly suppressed information about the outbreak from scientists that it deems alarming.

That is basically a nice way of saying that Trump considers the numbers coming out of China to be a load of garbage.

Needless to say, “the White House” does not see things differently from President Trump.

In fact, anyone in the White House that does not line up with Trump’s views is not likely to last there for very long.

And we should applaud Trump for calling it like it is in this case. Obviously the official numbers that China has been giving us are fraudulent. In a recent article, Zero Hedge summarized some of the reasons why we know this is true…

As we’ve been highlighting for weeks, China’s official coronavirus numbers aren’t adding up. The evidence is overwhelming; overloaded crematoriums in Hubei province, to the official death rate maintaining an improbable 2.1% (within + / – 0.1%) for weeks, to coronavirus deaths counted as pneumonia before they were able to test positive – and finally, all the bodies currently decomposing in apartments (government-sealed or not).

If the numbers that China was giving us were real, we would expect to see at least some slight fluctuations in the death rate.

But instead they keep giving us numbers that are mathematically absurd. The following comes from Barron’s

China’s economic data have always been fraught. Now, all eyes are on the coronavirus numbers, which economists and investors are using to estimate the outbreak’s toll—and they are too perfect to mean much.

A statistical analysis of China’s coronavirus casualty data shows a near-perfect prediction model that data analysts say isn’t likely to naturally occur, casting doubt over the reliability of the numbers being reported to the World Health Organization.

In addition, the anecdotal evidence that keeps coming out of China suggests a far higher death toll than the Chinese are reporting.

People have literally been dropping dead in the streets over and over again, body bags filled with corpses have been piling up at the hospitals, and crematoriums in Wuhan have been running 24 hours a day for weeks.

In fact, one crematorium recently “processed” 127 bodies on a single day

As of Feb. 14, the Chinese central government announced that more than one thousand patients have died in Wuhan in the past 45 days. But staff at local crematoriums told The Epoch Times in recent interviews that their intake has skyrocketed in recent weeks, forcing them to work round the clock in order to process the bodies daily. One crematorium official said the facility recently peaked at processing 127 bodies in one day.

Keep in mind, that is just one crematorium, and it is being reported that every crematorium in Wuhan is burning bodies around the clock.

Thanks to social media, we also know that funeral homes in the epicenter of this outbreak are so desperate for workers that they are actually offering 143 dollars an hour to collect dead bodies…

According to the recruitment issued on Feb. 12, the funeral home needs 20 workers to pick up bodies from midnight to 4 a.m. Listed among the requirements for the job candidates are “16 to 50 years old…being physically strong and brave.”

The salary is 1,000 yuan ($143) per hour—a high sum compared with the average Chinese salary.

So you can believe the official death toll if you want, but the evidence suggests a death toll of thousands upon thousands in Wuhan alone.

Of course China has a long history of reporting questionable numbers in a variety of fields, and so we shouldn’t exactly be surprised at what they are doing.

And in the days ahead, Chinese “management” of this crisis is only going to get stricter. In fact, President Xi Jinping is calling for even tighter control “over online discussion”

Chinese President Xi Jinping has called for tightened control over online discussion and increased policing to ensure “positive energy” and social stability, state media said Saturday, as the country struggles to contain the deadly new coronavirus.

Xi’s remarks were made public as the authorities have faced rare bouts of public anger over the handling of an epidemic that has killed more than 1,500 people and infected some 66,000 across the country.

In other words, he is quite determined to keep the truth from getting out.

The Chinese always want to project a facade of success, and that may explain why the number of confirmed cases that they are reporting is starting to level off.

Meanwhile, the number of cases outside of China has roughly doubled over the past week, and the fact that a case has now been confirmed in Africa has Bill Gates particularly concerned

Bill Gates has warned that coronavirus in Africa could overwhelm health services and trigger a pandemic which could cause 10 million deaths.

The Microsoft founder and global health pioneer was speaking at the AAAS meeting in Seattle just hours before the first case was confirmed in Cairo, Egypt.

There are now fears that the disease could spread to sub-Saharan Africa where it could spark an uncontrollable outbreak, with health services unable to monitor or control the virus.

We shall see what happens. I am still hoping that President Trump is right and that this outbreak will start to fizzle when warmer weather arrives. But even if this outbreak begins to fade, it is still going to be a really crazy year. These are truly unprecedented times, and global events are really starting to spiral out of control.

As things get crazier, national governments are going to be greatly tempted to try to control the flow of information, and that is just one of the reasons why a free and open Internet is so extremely important.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

500 Medical Workers In Wuhan Have Been Infected And Experts Are Warning Of An Exponential Rise In Coronavirus Cases

If the coronavirus is spreading this rapidly among hospital workers, what chance do the rest of us have? What we are witnessing in China right now is absolutely unprecedented. Despite the lockdown of major city after major city, this mysterious new coronavirus continues to spread like wildfire, and Chinese government officials are becoming visibly frustrated. The number of confirmed cases has nearly doubled over the past seven days, and that is extremely concerning. But even more alarming is the unofficial information which has been leaking out of China. According to the South China Morning Post, “at least 500 hospital staff in Wuhan” have now been infected…

At least 500 hospital staff in Wuhan had been infected with the deadly new strain of coronavirus by mid January, multiple medical sources have confirmed, leaving hospitals short-staffed and causing deep concern among health care workers.

While the government has reported individual cases of health care workers becoming infected, it has not provided the full picture, and the sources said doctors and nurses had been told not to make the total public.

There have been numerous reports that indicate there isn’t enough equipment to sufficiently protect medical personnel in Wuhan, and that is probably the biggest reason why this number is so high.

But most of these workers are not completely unprotected, and this just shows how easily this virus can spread.

Ultimately what all of these workers probably need are full hazmat suits, and right now there aren’t many to go around

A doctor from a major hospital in Wuhan, who requested anonymity, said the development had hit morale, adding that many medical workers were “devastated” when they saw the CAT scans of colleagues who had been infected.

“That is why we have been crying out for more donations of medical supplies, especially hazmat suits,” one doctor said, describing how a quarantine area set aside for sick medical workers was now full. “We have seen too many colleagues falling ill because of insufficient protection.”

Wuhan doctor Li Wenliang was one of the first to try to sound the alarm about this outbreak, and when the virus killed him it sent shockwaves all over China.

Here in the United States a lot of people are still not taking this crisis very seriously, but over in China people are literally dropping dead day after day.

And if urgent action is not taken, the same thing could soon start happening all over the globe. In fact, WHO advisor Ira Longini just completed a study that concluded that “more than 5 billion people” could ultimately catch this virus…

In yet another sign of the World Health Organization’s about-face on the coronavirus outbreak, a top epidemiologist and advisor to the organization said Thursday that if the virus isn’t contained soon, it could infect 60% of the global population – or more than 5 billion people – echoing projections made by a Hong Kong scientist who was once labeled an alarmist despite his pioneering work in the fight against SARS.

According to Bloomberg, that’s what WHO advisor Ira Longini said after finishing a study of the virus’s transmissibility. His estimates suggest that the virus could one day infect billions of people, far more than the ~60,000 or so cases as of earlier on Thursday.

And he is far from alone. In fact, Hong Kong epidemiologist Gabriel Leung is also warning that 60 to 80 percent of the entire global population could become infected.

In addition, an AI-powered simulation created by a technology executive named James Ross has determined that this virus could wind up killing 52 million people.

We hope that such scenarios do not become a reality, but at this point I am greatly frustrated with those in the western world that are treating this crisis as if it was no big deal.

It is a big deal, and if we don’t get our act together it could kill an enormous number of people.

Unfortunately, so far we have seen quite a bit of incompetence. For example, one woman that caught the coronavirus recently showed up to a hospital in London in an Uber

The first person diagnosed with coronavirus in London turned up unannounced at a hospital in an Uber taxi after falling ill.

Two staff from Lewisham hospital in south London are now in isolation at home after coming into contact with the woman, a Chinese national who had recently arrived in the city from China.

She probably didn’t understand that she should have called an ambulance. But the worst part of the story is that the hospital actually sent her back home “pending the results of her tests”

The woman was then sent home pending the results of her tests. On Wednesday she was taken to another London hospital, St Thomas’, for treatment.

By not taking her case seriously, that hospital could have potentially lit the spark that will spread this virus all over London.

Here in the United States, we just learned that the coronavirus testing kits that the CDC was sending out to local communities don’t work.

In fact, they were coming up with a completely wrong result much of the time

Earlier this week, we reported how China rushed biotech industry virus testing kits into production, compressing the normal 2-3 years of testing and validation into just 2-3 weeks. The result? The test kits are a joke, producing 50% – 70% false negatives, which means people who have the coronavirus are falsely confirmed to be virus-free.

Now, the CDC is admitting that its own test kits which were widely distributed to hospitals and clinics across all 50 U.S. states, are also failing. They producing both false negatives (missed infections) and false positives (saying people are infected when they really aren’t), both of which lead to horrific errors in deciding who should be quarantined or treated.

So there could be people running around all over the United States that “tested negative” for the disease but that are now spreading it to countless others.

That is just great.

And the cavalier attitude that many of our officials have toward potential cases is just mind blowing.

For instance, in King County, Washington those that are suspected of having the coronavirus are being put in local motels.

Please remind me never to stay in a motel in King County.

What a nightmare we are facing. I had a feeling that this year was going to be chaotic, but I don’t know anyone that imagined that things would already be this bad in mid-February.

And a former commissioner of the Food and Drug Administration is warning that the number of cases that have been confirmed in the U.S. so far is just the tip of the iceberg

The U.S. has now reported 14 confirmed cases of the deadly virus. But health experts believe the real figures are much higher as the virus can be transmitted even while undetected for 10-14 days.

Scott Gottlieb, former commissioner of the Food and Drug Administration, said there are “certainly cases we don’t know about,” and that we’re only “capturing 25 percent of cases at best.” He urged the committee to expand testing and warned them to expect a wider outbreak.

Perhaps this outbreak will fizzle out eventually, but the lack of urgency that I am seeing in this country right now is deeply, deeply alarming.

If we can’t get our act together to respond adequately to a potential killer pandemic that is causing people to literally drop dead on the other side of the globe, what is going to happen when an even greater crisis is facing us?

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

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