Everything is right on schedule and, now, the time is come to remove one of the final obstacles standing in the way of a New World Order: The United States Constitution – even if, over the course of many decades, it has already been greatly diminished by the B.E.A.S.T. system; or, more specifically, Bullshit Emerging As Strategic Totalitarianism (B.E.A.S.T.).
Things are accelerating fast, as the markets finally come to the same realization I reached over a month ago: the coronavirus will have a massive economic impact that could possibly send the world into a severe recession.
The reasons for this have been well documented through my last number of articles. However, it bears reiterating that tourism, global travel, and the vital supply chains that so many companies now rely on in this new age of globalism will be severely impacted, possibly even crippled, as this virus continues to spread across the world.
Many people are starting to become fearful, and they are buying whatever form of protection that they can, most notably protective masks with ratings of N95 or higher, despite the fact it has been proven these do not fully protect a person from contracting the coronavirus.
Still, anything helps, and you cannot blame people for attempting to get ahead of the curve before these masks sell out across North America as they have in other countries such as China, South Korea, and any other region heavily impacted by the virus.
On websites such as Amazon and eBay, we can see people attempting to sell these face masks for outrageous prices, a common tactic in times of crisis. Anything reasonably priced has been sold out for days.
Wall Street, which has blissfully ignored the spread of the virus for weeks, finally woke up on Monday morning, realizing that this crisis is not going away—and is indeed here to stay for many months to come.
This caused prices of stocks to absolute tank throughout the trading week, resulting in losses that are truly historic given the short period of time in which they occurred. Trillions of dollars have been wiped off the books, resulting in staggering losses.
The drop throughout this week was so severe that we have to go all the way back to 1928, days before the Great Depression began, to find a comparable scenario.
(Charts via google.com)
Even at the time of writing—Thursday, February 27th—markets continue to nosedive, with the S&P 500 Index dropping by 2.25% and the Dow Jones Industrial Average plummeting by 2.41%.
These drops come after days of already-heavy losses, compounding the pain and leading to additional selling by those who are fearful.
To make matters worse, we now have a number of stories hitting the airwaves about how numerous senior officials have contracted the coronavirus, such as the Iranian Vice President for women and family affairs, Masoumeh Ebtekar, and Iran’s former ambassador to the Vatican, Hadi Khosroshahi, who passed away due to the virus.
(Chart via worldometers.info)
As of today, the total number of coronavirus cases still continues to climb, reaching 82,758 in total, with 2,817 of these resulting in a fatality, according to official reports.
Many speculate that these numbers are only an estimate, with the real numbers being much higher.
It doesn’t end there. The State of California brings additional bad news, announcing today that they are in a state of emergency as they monitor 8,400 people whom they suspect may be infected.
(Chart via goldprice.org)
Meanwhile, gold bullion, after an initial sell-off earlier in the week due to people needing liquidity, has now found support and is holding its ground thanks to people purchasing it as a safe haven play.
Unfortunately, as I have been saying for weeks, this situation will likely worsen in the months to come, as the true impact of the coronavirus has yet to be felt.
As people become fearful, they begin to self-isolate, travel less, and thus spend less, a death knell for the consumer-based economy we now live in.
If this virus continues to spread at the rate it has, you should expect to see many more violent trading days in our near future, shaving additional trillions off of the markets as they descend lower and adjust for the financial impact that is coming.
Sadly, I believe this is far from over yet and the losses we are now witnessing are just the tip of the iceberg.
About Sprott Money
Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.
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 canceled 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.
Editor, Bankster Crime
“debtors are hostage to their creditors.”
MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM YOU…
The Birth Pains Are Growing Stronger….
“Unless God has raised you up for this very thing, you will be worn out by the opposition of man and devils”…
My name is Steve Meyers and I need to share a vision and warning that the Lord showed me back in April 2007….
Many of you will ask why I waited so long to share the warning. I didn’t. I shared the story with everyone that would listen from pastors to friends to family to colleagues. Immediately following the initial vision, I called a close friend. I told him to sit down that I had something to tell him. I needed it documented as I knew this was supernatural and from God. As I witness events unfolding today, I need to share the vision again.
The risk of loss in trading futures and options on futures can be substantial. The author does not guarantee the accuracy of the above information, although it is believed that the sources are reliable and the information accurate. The author assumes no liability or responsibility for direct or indirect, special, consequential or incidental damages or for any other damages relating or arising out of any action taken as a result of any information or advice contained in this commentary. The author disclaims any express or implied liability or responsibility for any action taken, which is solely at the liability and responsibility of the user. Steve Meyers, StevieRay Hansen
People’s hearts are troubled, their minds are in a state of confusion, the Bible tells us a time of great delusion that will come upon the people, that time has arrived, the politicians must come up with more significant and more believable lies in order to bring on the antichrist, we have entered the doorstep Tribulation.
“Unless God has raised you up for this very thing, you will be worn out by the opposition of man and devils”…
Fraud, Banks, Money, Corruption, Bankers, Powerful Politicians, Businessmen, Bitcoin, CoronaVirus, GOLD, Fraud, Banks, Money, Corruption, Bankers, Powerful Politicians, Businessmen, gold, silver
Speaking at the Atlantic Festival recently, Apple CEO Tim Cook discussed the antitrust issues that the tech giant is facing amongst a number of other…Read More
US equity futures were subdued and European stocks rebounded from an early selloff as markets tried to stem the Wednesday rout sparked after a range…Read More
Carmine Di Sibio, the international chairman of EY, said in a letter to clients published earlier thsi month that while he “regrets” the firm’s staggering lapse…Read More
It Is the Elitist Way of Doing Things and the New World Order Will Even Be More Corrupt… The agency, which operates under the Treasury…Read More
This is just the beginning of corruption that will be exposed in the months ahead, more bankers will be headed to prison soon… ‘Beginning in at…Read More
Stocks are down for the 3rd week in a row – yeah we know!!! – leaving levered-call-buying RH’ers facing something they likely haven’t seen in their…Read More
Two years after former HSBC head of currency trading, Mark Johnson, became the first person to be convicted in a global crackdown of currency rigging…Read More
Last week, we brought you some of the latest musing from Bank of America’s Jared Woodard, who in the latest Research Investment Committee report discussed the reason…Read More