Economies won’t be able to recover after shutdowns

Citizens seem to be clamoring for shutdowns to prevent the spread of COVID-19. There is one major difficulty, however. Once an economy has been shut down, it is extremely difficult for the economy to recover back to the level it had reached previously. In fact, the longer the shutdown lasts, the more critical the problem is likely to be. China can shut down its economy for two weeks over the Chinese New Year, each year, without much damage. But, if the outage is longer and more widespread, damaging effects are likely.

A major reason why economies around the world will have difficulty restarting is because the world economy was in very poor shape before COVID-19 hit; shutting down major parts of the economy for a time leads to even more people with low wages or without any job. It will be very difficult and time-consuming to replace the failed businesses that provided these jobs.

When an outbreak of COVID-19 hit, epidemiologists recommended social distancing approaches that seemed to be helpful back in 1918-1919. The issue, however, is that the world economy has changed. Social distancing rules have a much more adverse impact on today’s economy than on the economy of 100 years ago.

Governments that wanted to push back found themselves up against a wall of citizen expectations. A common belief, even among economists, was that any shutdown would be short, and the recovery would be V-shaped. False information (really propaganda) published by China tended to reinforce the expectation that shutdowns could truly be helpful. But if we look at the real situation, Chinese workers are finding themselves newly laid off as they attempt to return to work. This is leading to protests in the Hubei area.

My analysis indicates that now, in 2020, the world economy cannot withstand long shutdowns. One very serious problem is the fact that the prices of many commodities (including oil, copper and lithium) will fall far too low for producers, leading to disruption in supplies. Broken supply chains can be expected to lead to the loss of many products previously available. Ultimately, the world economy may be headed for collapse.

In this post, I explain some of the reasons for my concerns.

[1] An economy is a self-organizing system that can grow only under the right conditions. Removing a large number of businesses and the corresponding jobs for an extended shutdown will clearly have a detrimental effect on the economy. 

Figure 1. Chart by author, using photo of building toy “Leonardo Sticks,” with notes showing a few types of elements the world economy.

An economy is a self-organizing networked system that grows, under the right circumstances. I have attempted to give an idea of how this happens in Figure 1. This is an image of a child’s building toy. The growth of an economy is somewhat like building a structure with many layers using such a toy.

The precise makeup of the economy is constantly changing. New businesses are formed, and new consumers grow up and take jobs. Governments enact laws, partly to collect taxes, and partly to ensure fair treatment of all. Consumers decide which products to buy based on a combination of factors, including their level of wages, the prices being charged for the available goods, the availability of debt, and the interest rate on that debt. Resources of various kinds are used in producing goods and services.

At the same time, some deletions are taking place. Big businesses buy smaller businesses; some customers die or move away. Products that become obsolete are discontinued. The inside of the dome becomes hollow from the deletions.

If a large number of businesses are closed for an extended period, this will have many adverse impacts on the economy:

  • Fewer goods and services, in total, will be made for the economy during the period of the shutdown.
  • Many workers will be laid off, either temporarily or permanently. Goods and services will suddenly be less affordable for these former workers. Many will fall behind on their rent and other obligations.
  • The laid off workers will be unable to pay much in taxes. In the US, state and local governments will need to cut back the size of their programs to match lower revenue because they cannot borrow to offset the deficit.
  • If fewer goods and services are made, demand for commodities will fall. This will push the prices of commodities, such as oil and copper, very low.
  • Commodity producers, airlines and the travel industry are likely to head toward permanent contraction, further adding to layoffs.
  • Broken supply lines become problems. For example:
    • A lack of parts from China has led to the closing of many automobile factories around the world.
    • There is not enough cargo capacity on airplanes because much cargo was carried on passenger flights previously, and passenger flights have been cut back.

These adverse impacts become increasingly destabilizing for the economy, the longer the shutdowns go on. It is as if a huge number of deletions are made simultaneously in Figure 1. Temporary margins, such as storage of spare parts in warehouses, can provide only a temporary buffer. The remaining portions of the economy become less and less able to support themselves. If the economy was already in poor shape, the economy may collapse.

[2] The world economy was approaching resource limits even before the coronavirus epidemic appeared. This is not too different a situation than many earlier economies faced before they collapsed. Coronavirus pushes the world economy further toward collapse. 

Reaching resource limits is sometimes described as, “The population outgrew the carrying capacity of the land.” The group of people living in the area could not grow enough food and firewood using the resources available at the time (such as arable land, energy from the sun, draft animals, and technology of the day) for their expanding populations.

Collapses have been studied by many researchers. The book Secular Cycles by Peter Turchin and Sergey Nefedov analyze eight agricultural economies that collapsed. Figure 2 is a chart I prepared, based on my analysis of the economies described in that book:

Figure 2. Chart by author based on Turchin and Nefedov’s Secular Cycles.

Economies tend to grow for many years before the population becomes high enough that the carrying capacity of the land they occupy is approached. Once the carrying capacity is hit, they enter a stagflation stage, during which population and GDP growth slow. Growing debt becomes an issue, as do both wage and wealth disparity.

Eventually, a crisis period is reached. The problems of the stagflation period become worse (wage and wealth disparity; need for debt by those with inadequate income) during the crisis period. Changes tend to take place during the crisis period that lead to substantial drops in GDP and population. For example, we read about some economies entering into wars during the crisis period in the attempt to gain more land and other resources. We also read about economies being attacked from outside in their weakened state.

Also, during the crisis period, with the high level of wage and wealth disparity, it becomes increasingly difficult for governments to collect enough taxes. This problem can lead to governments being overthrown because of unhappiness with high taxes and wage disparity. In some cases, as in the 1991 collapse of the central government of the Soviet Union, the top level government simply collapses, leaving the next lower level of government.

Strangely enough, epidemics also seem to occur within collapse periods. The rising population leads to people living closer to each other, increasing the risk of transmission. People with low wages often find it increasingly difficult to eat an adequate diet. As a result, their immune systems easily succumb to new communicable diseases. Part of the collapse process is often the loss of a significant share of the population to a communicable disease.

Looking back at Figure 2, I believe that the current economic cycle started with the use of fossil fuels back in the 1800s. The world economy hit the stagflation period in the 1970s, when oil supply first became constrained. The Great Recession of 2008-2009 seems to be a marker for the beginning of the crisis period in the current cycle. If I am right in this assessment, the world economy is in the period in which we should expect crises, such as pandemics or wars, to occur.

The world was already pushing up against resource limits before all of the shutdowns took place. The shutdowns can be expected to push the world economy toward a more rapid decline in output per capita. They also appear to increase the likelihood that citizens will try to overthrow their governments, once the quarantine restrictions are removed.

[3] The carrying capacity of the world today is augmented by the world’s energy supply. A major issue since 2014 is that oil prices have been too low for oil producers. The coronavirus problem is pushing oil prices even lower yet.

Strangely enough, the world economy is facing a resource shortage problem, but it manifests itself as low commodity prices and excessive wage and wealth disparity.

Most economists have not figured out that economies are, in physics terms, dissipative structures. These are self-organizing systems that grow, at least for a time. Hurricanes (powered by energy from warm water) and ecosystems (powered by sunlight) are other examples of dissipative structures. Humans are dissipative structures, as well; we are powered by the energy content of foods. Economies require energy for all of the processes that we associate with generating GDP, such as refining metals and transporting goods. Electricity is a form of energy.

Energy can be used to work around shortages of almost any kind of resource. For example, if fresh water is a problem, energy products can be used to build desalination plants. If lack of phosphate rocks is an issue for adequate fertilization, energy products can be used to extract these rocks from less accessible locations. If pollution is a problem, fossil fuels can be used to build so-called renewable energy devices such as wind turbines and solar panels, to try to reduce future CO2 pollution.

The growth in energy consumption correlates quite well with the growth of the world economy. In fact, increases in energy consumption seem to precede growth in GDP, suggesting that it is energy consumption growth that allows the growth of GDP.

Figure 3. World GDP Growth versus Energy Consumption Growth, based on data of 2018 BP Statistical Review of World Energy and GDP data in 2010$ amounts, from the World Bank.

The thing that economists tend to miss is the fact that extracting enough fossil fuels (or commodities of any type) is a two-sided price problem. Prices must be both:

  1. High enough for companies extracting the resources to make an after tax profit.
  2. Low enough for consumers to afford finished goods made with these resources.

Most economists believe that an inadequate supply of energy products will be marked by high prices. In fact, the situation seems to be almost “upside down” in a networked economy. Inadequate energy supplies seem to be marked by excessive wage and wealth disparity. This wage and wealth disparity leads to commodity prices that are too low for producers. Current WTI oil prices are about $20 per barrel, for example (Figure 4).

Figure 4. Daily spot price of West Texas Intermediate oil, based on EIA data.

The low-price commodity price issue is really an affordability problem. The many people with low wages cannot afford goods such as cars, homes with heating and air conditioning, and vacation travel. In fact, they may even have difficulty affording food. Spending by rich people does not make up for the shortfall in spending by the poor because the rich tend to spend their wealth differently. They tend to buy services such as tax planning and expensive private college educations for their children. These services require proportionately less commodity use than goods purchased by the poor.

The problem of low commodity prices becomes especially acute in countries that produce commodities for export. Producers find it difficult to pay workers adequate wages to live on. Also, governments are not able to collect enough taxes for the services workers expect, such as public transit. The combination is likely to lead to protests by citizens whenever the opportunity arises. Once shutdowns end, these countries are especially in danger of having their governments overthrown.

[4] There are limits to what governments and central banks can fix. 

Governments can give citizens checks so that they have enough funds to buy groceries. This may, indeed, keep the price of food products high enough for food producers. There may still be problems with broken supply lines, so there may still be shortages of some products. For example, if there are eggs but no egg cartons, there may be no eggs for sale in grocery stores.

Central banks can act as buyers for many kinds of assets such as bonds and even shares of stock. In this way, they can perhaps keep stock market prices reasonably high. If enough gimmicks are used, perhaps they can even keep the prices of homes and farms reasonably high.

Central banks can also keep interest rates paid by governments low. In fact, interest rates can even be negative, especially for the short term. Businesses whose profitability has been reduced and workers who have been laid off are likely to discover that their credit ratings have been downgraded. This is likely to lead to higher interest costs for these borrowers, even if interest rates for the most creditworthy are kept low.

One area where governments and central banks seem to be fairly helpless is with respect to low prices for commodities used by industry, such as oil, natural gas, coal, copper and lithium. These commodities are traded internationally, so it is not just their own producers that need to be propped up; the market intervention needs to affect the entire world market.

One approach to raising world commodity prices would be to buy up large quantities of the commodities and store them somewhere. This is impractical, because no one has adequate storage for the huge quantities involved.

Another approach for raising world commodity prices would be to try to raise worldwide demand for finished goods and services. (Making more finished goods and services will use more commodities, and thus will tend to raise commodity prices.) To do this, checks would somehow need to go to the many poor people in the world, including those in India, Bangladesh and Nigeria, allowing these people to buy cars, homes, and other finished goods. Sending out checks only to people in one’s own economy would not be sufficient. It is unlikely that the US or the European Union would undertake a task such as this.

A major problem after many people have been out of work for a quite a while is the fact that many of these people will be behind on their regular payments, such as rent and car payments. They will be in no mood to buy a new vehicle or a new cell phone, simply because they have been offered a check that covers groceries and not much more. They will remain in a mode of cutting back on purchases, not adding more. Demand for most kinds of goods will remain low.

This lack of demand will make it difficult for business to have enough sales to make it profitable to reopen at the level of output that they had previously. Thus, employment and sales are likely to remain depressed even after the economy seems to be reopening. China seems to be having this problem. The Wall Street Journal reports China Is Open for Business, but the Postcoronavirus Reboot Looks Slow and Rocky. It also reports, Another Shortage in China’s Virus-Hit Economy: Jobs for College Grads.

[5] There is a significant likelihood that the COVID-19 problem is not going away, even if economies can “bend the trend line” with respect to new cases.

Bending the trend line has to do with trying to keep hospitals and medical providers from being overwhelmed. It is likely to mean that herd immunity is built up slowly, making repeat outbreaks more likely. Thus, if social isolation is stopped, COVID-19 illnesses can be expected to revisit prior locations. We know that this has been an issue in the past. The Spanish Flu epidemic came in three waves, over the years 1918-1919. The second wave was the most deadly.

A recent study by members of the Harvard School of Public Health says that the COVID-19 epidemic may appear in waves until into 2022. In fact, it could be back on a seasonal basis thereafter. It also indicates that more than one period of social distancing is likely to be required:

“A single period of social distancing will not be sufficient to prevent critical care capacities from being overwhelmed by the COVID-19 epidemic, because under any scenario considered it leaves enough of the population susceptible that a rebound in transmission after the end of the period will lead to an epidemic that exceeds this capacity.”

Thus, even if the COVID-19 problem seems to be fixed in a few weeks, it likely will be back again within a few months. With this level of uncertainty, businesses will not be willing to set up new operations. They will not hire many additional employees. The retired population will not run out and buy more tickets on cruise ships for next year. In fact, citizens are likely to continue to be worried about airplane flights being a place for transmitting illnesses, making the longer term prospects for the airline industry less optimistic.

Conclusion 

The economy was already near the edge before COVID-19 hit. Wage and wealth disparity were big problems. Local populations of many areas objected to immigrants, fearing that the added population would reduce job opportunities for people who already lived there, among other things. As a result, many areas were experiencing protests because of unhappiness with the current economic situation.

The shutdowns temporarily cut back the protests, but they certainly do not fix the underlying situations. Instead, the shutdowns add to the number of people with very low wages or no income at all. The shutdowns also reduce the total quantity of goods and services available to purchase, regardless of how much money is added to the system. Many people will end up poorer, in some real sense.

As soon as the shutdowns end, it will be obvious that the world economy is in worse condition than it was before the shutdown. The longer the shutdowns last, the worse shape the world economy will be in. Thus, when businesses are restarted, we can expect even more protests and more divisive politics. Some governments may be overthrown, or they may collapse without being pushed. I fear that the world economy will be further down the road toward overall collapse.

 

 

 

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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4,744 Responses to Economies won’t be able to recover after shutdowns

  1. ITEOTWAWKI says:

    If we still have a semi-functioning society in the next few weeks/months and since COVID-19 is here to stay, I believe like some have said here that we will be living a kind of “All animals are equal, but some animals are more equal than others” scenarios.

    The governments won’t have a choice but to re-open…they can’t keep everything shut until there is a vaccine as there won’t be any people to re-open to.

    So maybe in this scenario we will see stuff like:

    -You’re over 70 – you can never leave your house until a vaccine is found
    -You’re under 70 but you have a pre-existing condition – you can never leave your house until vaccine is found
    – Want to go back to work in your office or factory – You must provide proof that you have been through Covid-19 and that you are no longer a threat
    – You are under 70, in good health but you’ve never had Covid-19…you have to work from home (you can’t work from home, tough luck) and your movements will be restricted (groceries, pharmacy, etc.)
    -And other such measures

    In Italy, Going Back to Work May Depend on Having the Right Antibodies:

    Kind of an amalgamation of Gattaca, Brave New World and 1984:

    You’ve have COVID-19 and survived it, you are in the superior class…you are over 70, you are under-70 with a pre-existing condition or under 70 in good health but never had COVID-19, you’re a second-class citizen and we will monitor your every step. 🙂

    • It seems like the only way people will risk having COVID-19 is if having the antibodies will give them some special privileges.

      Way back when, families had chicken pox or three-day measles parties, so that children could pass the germs around while they were young and relatively few had bad effects. It may be that this approach would work with COVID-19 as well (if children really are spared bad effects, immunity is long lasting, and antivirals and vaccines don’t work out). Of course, medical practice today would never consider such a possibility.

    • Ed says:

      Well even if we are going to rape and murder the local Swedes a move to Sweden is looking better and better. Can my wife and I open carry our hand gun and shotgun?

      • Kowalainen says:

        Not yet.

        Wait a few weeks until the virus starts ripping in the ghettos.

        Then you’ll see what the ‘Humanitarian Superpower’ is capable of when it comes to violation of basic decency and crimes against humanity.

        I got my backpack ready and plenty of 30-06 ammo if I have to run for it to the Finnish or Norwegian border when the institutional sociopathy decides to draft me into a civil war.

        Did I mention in which country the Stockholm syndrome originated? Yes, that is the psychosocial state of mind where the populace, or sect, will take side with the perpetrator.

        I hope I didn’t forget to inform the readers of OFW about the Swedish ruthless and opportunistic collaboration with nazi Germany? Oh, the Swedes also basically educated the Nazis how proper race biology is to be managed.

        The Norwegians still haven’t forgiven Sweden for the deportation of soldiers using Swedish rail to “interrogation” in the gestapo HQ in Germany.

        And the list goes on and on and on. Indeed the Geats and Swedes is two of the worst sects in the world. The most soulless form of pretentious existence defined by a people who never stopped being poor, no matter how much wealth is showed down their collective cookie holes. My contempt for them is boundless.

  2. Marco Bruciati says:

    Is It possible an war Economy for de momths? Whit grid and gasoline. And Police on street martial law. Before the collaps Total,?

  3. Marco Bruciati says:

    • Fast Eddy says:

      In 2017/2018… 42M people contracted the flu — 700k were hospitalized … 60k died.

      If the US is having trouble monitoring this version of The Flu and there are only 5000+ in the hospitals…. then imagine what the REAL numbers must have been … in 2017/18….

      The MSM never had much in the way of credibility — and they are plumbing new depths with this flu.

      Attacking anyone who dares to post a video of empty hospitals is disgusting… what’s next — encouraging people to attack anyone who uploads these videos?

      We had a pipe burst under the house some months ago…. I had to scrape all the sludge out and then spread lime over what was left after the plumber replaced the broken pipe.

      The stench emanating from the MSM right now is far in excess of that of the sludge….

      • Let’s give MSM a break for a while. We know that there was some over-estimation of illnesses done, at least at this point in time. It may be that part of the problem is one of timing. There may be more deaths later, if some of the current illnesses (many of which are not recorded anywhere) result in death. Clearly the modelers didn’t think about the people with regular illnesses staying away from hospitals in large numbers.

        It also seems reasonable to believe that the masks will indeed cut back on illnesses. If this is the case, perhaps illnesses and deaths will start to level out before they rise to the level they would have without the masks. So it is really a different situation than what was originally modeled, if the masks work.

        Of course, we may need to use these masks for a very long time, to keep the illnesses and deaths from bouncing back up.

        • Covidinamonthorayearoradecade says:

          thank you, Gail…

        • Nope.avi says:

          Those of you who are choosing lives over the economy don’t understand what you are saying.

          ” we may need to use these masks for a very long time, to keep the illnesses and deaths from bouncing back up.”

          In addition to that, we will need to adoption a Communist-command economy devoted to treating an epidemic.

          We may need to have an economy whose output is largely healthcare for a very long time to keep the illnesses and deaths from bouncing back up.

          Lockdown will have to be a new way of life for everyone for a very long time. in order to keep the illnesses and deaths from bouncing back up.

          • We will have a lot of starving people around the world. Also, the medicines that we expect to get from India will disappear, making it difficult to treat illnesses of all kinds. It is just an illusion that we can reduce the overall death rate this way, I am afraid.

  4. Kowalainen says:

    Boris Johnson admitted to hospital.

    🦠

    • Boris Johnson is 55 years old, so he is relatively young as world leaders go.

      • Fast Eddy says:

        He looks terribly unhealthy …. I don’t like his chances:

        Perhaps the El d-ers have decided to infect and kill him as a ‘sacrifice’ to the Gods of Panic and Fear. He’s a pretty good front man no?

      • Kowalainen says:

        Apparently British “0range man bad” is on oxygen now.

      • Fast Eddy says:

        I have just been informed that Boris going into hospital is definite proof that this virus is different from the flu.

        Because….drum roll…. when was the last time the leader of a country went into the hospital … because of the flu….

        Yep — world leaders never go into the hospital… they never get sick… they never die….

        This is definitely proof that Wuhan is different from the other flu.

  5. Fast Eddy says:

    Or perhaps the hospitals are empty so they don’t need this ship and it was only sent there to foster a sense of panic…. and the NYT is pumping out excuses….

    And the SStttttt uuuuuppppid humans are cowering under their beds sucking their thumbs and calling for mummy….

    And if anyone DARES to challenge the narrative these fools will turn on them and scratch their eyes out.

    Oh and they are stockpiling TP because they saw a video on FB of other people stockpiling TP … and it did not occur to them that there are far more important things they might want to stockpile (e.g sanitary napkins)…. because if push comes to shove you go out back with the garden hose…

    And if the water stops pumping … the least of your worries is skid marks….

    A stump has a higher IQ.

    Crazy – huh?

    • Kowalainen says:

      Nah, deluded you are.

      People staying at home watching Netflix won’t injure themselves in traffic and other humanoid escapades.

    • #stayhome , save a life says:

      there is no need for corona denialism.

      go back home,
      Take your flu shot, mr.eddie.
      and don’t forget to stock up on toilet paper.
      Get 2% off with a 400 roll purchase with a free virus code .
      https://bit.ly/2JTgRCd

    • beidawei says:

      It’s more like, these ships are only for those without CV-19, but in order to prove you don’t have CV-19, you’d need to have already gone to a hospital.

      • If tests for CV-19 are available, they often seem to be in drive through sites, outside of hospitals. No one wants people with CV-19 inside a hospital.

  6. Fast Eddy says:

    I watched this with a fair amount of interest… CDC was hiring quarantine officers in October 2019…. for loads of cities:

  7. Fast Eddy says:

    Same reason I don’t go down to the filthiest Caclutta who re house… and seek out a two buck HIV infected ho…. and spend the night with her…

    Same reason when when I pick up a bar for a class at the gym I have always wiped it down with alcohol… because I know someone who previously used it … might not feel sick but they are contagious and they might have dropped their disease on the bar.

    Am I afraid of Wuyan? Nope – I know people who have had this flu. It’s like all flus… you get sick… you drink fluids… you feel terrible for a week… then you recover… And with some people (mostly old, diseased weaklings) you end up in the hospital on a ventilator — or you die.

    I am not old – I am definitely not diseased or weak.

    But I prefer not to spend a week in bed.

    If this is not a big fat lie — then why is the MSM claiming NY hospitals are overwhelmed — and there is video showing them empty?

    They are actually emptier than empty because people who might have normally come to the ER for an ailment — are not bothering because they assume the hospital will be too busy to help them and/or they prefer to avoid hospitals because they don’t want to catch the ‘death flu’

    And why is the MSM now attacking anyone who dares to post videos of these empty hospitals on social media?

    Feel free to pull a N.orman and avoid the questions — or just say ‘because’ in a 100 word essay

    • Rodster says:

      Unless a person has good health insurance, any hospital visit is going to be expensive. Most will put off going to any hospital just for that reason.

      • Fast Eddy says:

        Yes that’s awesome….

        But why is the MSM saying the hospitals are overwhelmed?

        Yet the citizen videos show they are not.

        Funny how so many people are telling me they don’t trust the citizens…. they trust the MSM…..

        Crazy…huh?

  8. Fast Eddy says:

    Let’s go hunting:

    Coronavirus: Man jailed after hospital visit social media boast

    https://www.bbc.com/news/uk-england-beds-bucks-herts-52142052

    • Fast Eddy says:

      He should have said he was going to the hospital to get tested because he had a slight cough…..

      • Fast Eddy says:

        Another empty hospital – in Florida this time

        • Z says:

          @ FE

          Ha Ha Ha….now you all start to understand the nature of the “CON spiracy” ……

          “They” want you all CHIPPED and programmed to be good obedient slaves for what is coming.

          Guess what will happen? If you don’t take the vaccine…..you won’t be able to buy and sell! You won’t be able to travel! You will be declared a TERRORIST!

          You mor o n s that believe in the corona virus are totally d e lu s i o n a l.

          But keep listening to the Te LIE vision and believe everything “They” tell you.

          Ever heard of Event 201? The simulation leading up to the Corona Virus outbreak! Funded by Mr. Depopulation “Bill Gates”

          http://www.centerforhealthsecurity.org/event201/

          Wild Bill and the World Government have got you all fooled.

        • Hide-away says:

          I wonder if reality of some hospitals being set up as Covid only hospitals, that are getting overcrowded in some places quickly, and other hospitals for all ‘normal’ uses are very light on because people are not having accidents, not on roads etc.

          Sometimes logical thinking works…
          From a New York hospital…
          https://hoodsite.com/wp-content/uploads/2020/03/coronavirus-new-york-disturbing-crowded-hospital-er.mp4?_=1

          • Z says:

            LOL @ Random 1 minute 13 second clip.

            When all is said and done…..this will go down as a bigger SCAM and PSYOP than 9/11

            You all will give up all of your rights, the few you have remaining because you are total M O R O N S!

            • Fast Eddy says:

              This dwarfs the 911 scam.

              I don’t think it is about long term control… rather it is about stopping rioting and mayhem when the global economy (which was collapsing) is collapsed in a ‘controlled demolition’

              I am 99% certain that this is what we are looking at here…. and it is looking like my theory is going to be tested fairly soon. This lockdown cannot continue for a whole lot longer without an implosion.

    • Yorchichan says:

      Talked to a nurse working on one of York Hospital’s covid-19 wards tonight. She said the hospital now has 56 covid-19 patients. That’s up from 6 a week and a half ago. Because of what she is witnessing, she is in total agreement with the current lockdown.

      Last night I talked to another nurse from the hospital who doesn’t work on a covid-19 ward. She told me she had been bored at work because her ward now only has 4 patients, down from a normal average of 30.

      I also know that A&E is quieter than it’s ever been, because people are too scared to visit unless really necessary and because people are having fewer accidents.

      So, some parts of the hospital are busy, others quiet. There’s no way the epidemic is fake, because too many people would have to be in on the hoax. (Where have I heard that before?)

      • Hospitals cannot make money with this new patient mix, however. In the US, the money comes from non-urgent surgery and from emergency room visits. Hospital visits paid by Medicare (for those over 65) don’t reimburse the hospital very well for their costs. Hospitals are laying off staff.

      • Fast Eddy says:

        Can you call that one person back and ask how many patients they had in 2017/18 when nearly 700,000 people were hospitalized with the flu.

        I am trying to find video of overflowing hospitals – there is none.

        I can however find tents full of people during the 2017/18 flu — assuming this is true https://www.upi.com/Top_News/US/2018/01/24/Hospitals-overwhelmed-by-influx-of-flu-patients/8171516800130/

        Was there a lockdown?????

        Nobody is disputing that the Wuhan Flu exists. Can we get over that.

        It is a flu. People get sick and die from — every flu.

        The US had 42 MILLION+ flu cases in a few months over the 2017 winter.

        The US has 5000 Wuhan Flu cases……

        Big f77775ing Deal.

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