The U.S. stock market has crashed more than 30% over the last 3 weeks pundits are quick to point to the Coronavirus as the main culprit using it for bad corporate revenues and nearly for anything under the black sun. (Shares around the world have plunged as investors fear the spread of the coronavirus will destroy economic growth…)
The DOW finished 9.99% lower today slightly at the 21.200 mark about 8000 points lower than it was sitting at not even a month ago. The U.S. and Asian stock markets officially entered bear market territories. Just days after the sudden, but predictable, FED rate cut, the FED has tried to intervene earlier today pumping more than $1.5 trillion into the market resulting in a 1.200 point rise in the market before it plummeted again. QE was also announced. Not even the one-hour pause (‘Circuit breaker’ triggered again to keep stocks from falling through floor.) in trading stopped stock reaching lower and lower. Everybody is selling, at least everyone who has either foreseen it or has reliable fund managers and measures in place. People with 401ks and plans where they only make money when stocks go up are no better off than frogs stuck in boiling water.
Another Federal Reserve rate cut is on the horizon reducing rates down to 0% unseen since the last financial crisis. Not soon after this, rates are going to go into the negative.
President Donald Trump’s recent travel ban enacted against European countries has hit hard the already-thumbing Boeing company making them finish more than 18% lower today. This comes just a couple of months following a downgrade of Boeing’s ratings by Moody (source).
U.S. shale and facking companies are also in deep trouble, they must either participate or shut down most of their operations due an ongoing oil price war between the Russian Federation and the kingdom of Saudi Arabia sending oil prices into the low $30s. The Saudis have increased their oil exports by 1 million barrels to 12.5 million barrels a day. Saudi Aramco are using their warehouse oil supplies since this new daily figure exceeds their daily production.
According to OilPrice.com this oil price war could bankrupt about 50% of U.S. shale and make much of fracking simply unprofitable to continue. (Oil Price Crash: 50% Of U.S. Shale Could Go Bankrupt)
Because of these factors, the Trump administration is expected to come up with a stimulus, previously also known as a bailout plan, for these industries which should include the recapitalization of banks, the bailout of domestic shale companies, airlines, and Boeing. If this plan had come out yesterday would have already been a bit too late. (Trump’s Payroll Tax Cut Would Dwarf the 2008 Bank Bailout)
This market by demanding corporate bailouts is asking for corporate socialism or simply put, for fascism. This economy has openly degraded itself to the state of a controlled economy where winners and losers are pre-selected. A market that expects such things and a government that strives to do them are clearly more interested in short-term gains in exchange for long-term prosperity.
There is hardly any difference between the economies of today’s United States and that of the Soviet Union from yesterday.
The Final Solution
The final solution of the Federal Reserve and the U.S. government is simple: they are currently creating a two-tiered American, if not global, society of people living in excess and many more people living in great deprivation.
Trump is indeed building a physical wall on the United States – Mexico border. The bigger wall, however, for what he will be known for, will be standing tall everywhere in the cities of the United States separating the two sides of this dystopian two-tiered society.
Some people believe that the increasing number of COVID-19 cases will not just be used for fearmongering and blaming the virus for bad economic and market data but also to step-by-step declare martial law in the United States and create a world socialist republic. If the market keeps falling at this pace we will surely see that coupled with store and bank runs.
Fabian socialism is essentially here since it was introduced gradually.
The religion of Socialism is based primarily on the teachings of the pagan Greek philosopher and writer Plato, and especially his book The Republic, in which 400 years before the time of Christ he dreamed of a “World Republic” headed not by a President, but by a royal “World Philosopher King” or “Prince” (like himself of course!). Both Karl Marx and Hitler were great students of Plato. It is only inevitable that the planned reformed United Nations and EU will one day be headed by this “Philosopher Prince.”
The only difference between Fabian Socialism and Communism is that Communists take your house by directly sending in the Secret Police to knock your front door down – Fabian Socialists do it much more subtly and cleverly – by gradually taking your individual rights away, and gradually increasing property taxes and rates, so finally, when you can’t pay them, they send in the Bailiff to take your house away – the end result being the same. – source
The web of modern society has been degraded to such a degree that such would make it impossible for most neighbors to work together during a time of crisis.