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When China Sneezes: From the Coronavirus Lockdown to the Global Politico-Economic Crisis Paperback – November 1, 2020
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This anthology provides insight into the nature of global pandemics such as SARS, MERS, Ebola and HIV/AIDs, then focuses on Wuhan, where COVID-19 broke out -- though patient zero is as yet unknown. It examines the massive effort that China has undertaken since the outbreak to contain its spread, and includes personal stories of the first lockdown experiences.
But the impact may be even more grave on the global economy than it is on global health. National and international analysts address the economic impact both within China's industrial heartland and on global business, as borders close, entire regions are on lockdown, world airlines cancel flights, major US corporations in China shut their doors, factory floors empty. and global supply chains break down, millions lose their jobs and small businesses tank.. Stocks and the prices of gold and oil are impacted.
Soon after the COVID-19 outbreak was announced and the extraordinary quarantine response by China was effected, it was learned that Event 201, a global coronavirus pandemic simulation was held just months earlier, in which a global coronavirus pandemic killed 65 million people. Many questions arise concerning BIg Pharma's push for vaccines, and the mainstream dismissal of the possibility of alternative treatments such as HCQ.
Other disturbing questions have arisen: Has the disruption been overblown to inflict damage on China as part of a trade war? On the United States, which faces massive damage to its economy in the midst of an increasingly bitter political divide? What are the biowarfare implications –in the Wuhan instance, where China's first BSL-4 level laboratory is situated, or in the future in general, given the spread of BSL-4 level laboratories worldwide and most extensively the US, as states and private entities conduct research into germ warfare, including the use of bat-generated viruses, for both offensive and defensive purposes, putting the entire world at risk of accidental leakage or worse?
Is this truly a pandemic -- or is it a plandemic, and if so, to what end? What are the likely consequences, intended and not.
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Print length328 pages
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LanguageEnglish
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PublisherClarity Press
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Publication dateNovember 1, 2020
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Dimensions6 x 0.5 x 9 inches
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ISBN-101949762246
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ISBN-13978-1949762242
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• The commercial property sector in the US is in deep trouble. Commercial property includes malls, office buildings, hotels, resorts, factories, and multiple tenant apartment complexes. Many incurred deep debt obligations as they expanded after 2010 or just kept operating by accruing more high cost debt when they were unprofitable. Today they are unable to continue servicing (i.e. paying principal and interest) on their excessive debt load. Many have begun the process of default and chapter 11 bankruptcy reorganization. Banks and investors hold much of the commercial property debt that will never be repaid. Excess derivatives (credit default swaps) have been written on the debt. A debt crisis and wave of defaults and bankruptcies in 2020-21 in the commercial property sector could easily precipitate a subprime mortgage-like debt crisis as occurred in 2008-09. And derivatives obligations could transmit the crisis throughout the banking system―as it did in 2009. Regional and small community banks in the US are particularly vulnerable.
• The oil and gas fracking industry, where junk bond and leverage loan debt had already risen to unstable levels by the advent of the COVID crisis. The collapse of world oil and gas prices―which began before the COVID-19 impact and continues―will render drillers and others unable to generate the income with which to service their debt. Already more than 200 companies in this sector are in default and bankruptcy proceedings. Again, regional banks that financed much of the expansion of fracking in Texas, the Dakotas, and Pennsylvania will be impacted severely by the defaults. Their financial instability could easily spread to other sectors of banking and finance in the US.
• State and local governments, should Congress fail to appropriate sufficient bailout funding in its next round of fiscal spending in July 2020. State and local governments are capable of default and bankruptcy―unlike the Federal government, which is not. The US has a long history of state defaults associated with the onset of Great Depressions. This time around, state financial instability will spill over to public pension funds, and from public to private pensions, and from there to the municipal bond market.
Product details
- Publisher : Clarity Press (November 1, 2020)
- Language : English
- Paperback : 328 pages
- ISBN-10 : 1949762246
- ISBN-13 : 978-1949762242
- Item Weight : 1.1 pounds
- Dimensions : 6 x 0.5 x 9 inches
- Best Sellers Rank: #1,350,312 in Books (See Top 100 in Books)
- #402 in Military Policy (Books)
- #10,983 in International & World Politics (Books)
- #16,560 in Diseases & Physical Ailments Health
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Since I noticed CENSORSHIP on AMAZON , i normally stopped commenting , but I had to for Cynthia , she did a great job.