Noted Investor Warns Trump If He Doesn’t “Shut Down” Entire Country for 30 Days

Featured Story

Due to coronavirus, we will lose “America as we know it”…

While a number of experts have already warned that the impact of the Wuhan coronavirus (COVID-19) on the United States is expected to be tremendously negative, a respected hedge fund manager sounded an even louder alarm on Wednesday.

In an interview with CNBC, Bill Ackman, founder of Pershing Square Capital Management, said that it is imperative President Donald Trump order the complete shutdown of the entire country for 30 days or else collapse is certain.

“What’s scaring the American people and corporate America now is the gradual rollout,” Ackman said. “We need to shut it down now… This is the only answer.

“America will end as we know it. I’m sorry to say so unless we take this option,” he continued, noting that if the president does save the country from the ravages of coronavirus, he’ll get reelected in November for certain.

He also urged firms to end their buyback programs because “hell is coming.” His prediction came as U.S. banks stop repurchasing stocks so they could put their capital to use helping businesses and consumers instead.

Earlier, as USA Features Media reported, Ackman made similarly dire statements on Twitter. 

“Mr. President, the only answer is to shut down the country for the next 30 days and close the borders. Tell all Americans that you are putting us on an extended Spring Break at home with family,” he wrote.

Bill Ackman@BillAckman

Mr. President, the moment you send everyone home for Spring Break and close the borders, the infection rate will plummet, the stock market will soar, and the clouds will lift. We need your leadership now!4,3277:00 AM – Mar 18, 2020Twitter Ads info and privacy1,659 people are talking about this

“The moment you send everyone home for Spring Break and close the borders, the infection rate will plummet, the stock market will soar, and the clouds will lift,” he said. “We need your leadership now!

“No one defaults, no one forecloses. A 30-day rent, interest and tax holiday for all,” he added. “The shutdown is inevitable as it is already happening, but not in a controlled fashion which is extending the economic pain and amplifying the spread of the virus.”

Bill Ackman@BillAckman · Mar 18, 2020

Mr. President, the only answer is to shut down the country for the next 30 days and close the borders. Tell all Americans that you are putting us on an extended Spring Break at home with family. Keep only essential services open. The government pays wages until we reopen.

Bill Ackman@BillAckman

No one defaults, no one forecloses. A 30-day rent, interest and tax holiday for all. The shutdown is inevitable as it is already happening, but not in a controlled fashion which is extending the economic pain and amplifying the spread of the virus.1,1696:51 AM – Mar 18, 2020Twitter Ads info and privacy282 people are talking about this

‘Every hotel is going to be shut down’

In his interview with CNBC, Ackman said he felt that an economic “tsunami” was coming even before the outbreak of coronavirus. 

“Beginning in late January I was getting increasingly bearish and I woke up with a nightmare,” Ackman said. “And my nightmare was you have this virus that replicates and infects incredibly rapidly.”

Getting emotional, Ackman also said that he went into lockdown a month ago to save the life of his father who is immunocompromised.

“The only shared sacrifice that is going on right now is the health-care community, the nurses, the doctors, the people taking care of patients. Those people are making enormous sacrifices,” said Ackman. ”[The president] is not saying storm the beaches of Normandy right now, he’s saying go home, go home, spend a month with your family.”

A White House official contacted by CNBC commented on Ackman’s statements. 

“As President Trump has said, we are going to ensure that we take care of all Americans, including affected industries and small businesses, and that we emerge from this challenge stronger and with a prosperous and growing economy,” the official said.

Ackman also says he believes that all hotels around the country will eventually shutter as well. 

“Every hotel is going to be shut down in the country. … If we allow this to continue the way we have allowed it to continue, every hotel company in the world is done. No business can survive a period of 18 months without revenue,” he predicted.

Already, the restaurant industry is predicting carnage. In a letter to congressional leaders on Wednesday, the National Restaurant Association said that the industry stood to lose $225 billion over the next three months, and between 5 and 7 million jobs, The Hill reported

But because for every dollar spent in the restaurant industry generates $2 elsewhere, the real hit to the economy will be closer to $675 billion.

StevieRay Hansen
Editor, Bankster Crime

MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM YOU…
https://www.bankstercrime.com/coronavirus-triggers-biggest-shock-to-oil-markets-since-lehman-crisis/

“Have I therefore become your enemy by telling you the truth?”

Oil Drop, Coronavirus, Fraud, Banks, Money, Corruption, Bankers, lock Down

This Pestilence Is Spreading: Stock Market In Trouble

Sources include: TheHill.com USAFeatures.news CNBC.com NaturalNews.com HNewsWire

Bill Ackman, Collapse, covid-19, economic collapse, economic hit, economy, hotels, implosion, isolation, nationwide shutdown, Prediction, President Trump, quarantine, restaurant industry, SHTF, spring break, U.S. economy, Wuhan coronavirus

Don't Miss

The Economy Is Mortally Wounded

By StevieRay Hansen

A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which…

Read More

Morgan Stanley Sounds The Alarm On Record High Bond Duration, Is Starting To Buy Bond Volatility

By StevieRay Hansen

You Have More Duration than You Think 2020 has seen a pandemic inflict enormous human and economic cost. In 2Q, the global economy contracted by…

Read More

Another Bank Bailout Under Cover of a Virus

By StevieRay Hansen

Bulls Charge To All-Time Highs As discussed previously in “Insanely Stupid,” we noted the market remained confined to its consolidation channel, but the bullish bias was to…

Read More

Russia-China “DE dollarization” Reaches “Breakthrough Moment” As Countries Ditch Greenback For Bilateral Trade

By StevieRay Hansen

Late last year, data released by the PBOC and the Russian Central Bank shone a light on a disturbing – at least, for the US…

Read More

“World On Verge Of Spinning Out Of Control”

By StevieRay Hansen

Financial writer John Rubino says gold is at new all-time highs, silver is vaulting upward and there is no end in sight for the massive…

Read More

It’s Happening Again… Investors Dump Everything ‘China’

By StevieRay Hansen

Global stock markets plunged Friday as tensions between the US and China spiral out of control.  Stocks in Hong Kong and mainland China tumbled after Beijing ordered Washington to cease all…

Read More

Blain: Excess Liquidity Is “Blinding Idiots To Dangerous Reality”

By StevieRay Hansen

Bubbles are far more dangerous when they are fueled by debt” “This time it’s different”, is one of the most dangerous beliefs in financial markets.…

Read More

WTI Holds Losses As US Distillates Stocks Reach 38-Year Highs

By StevieRay Hansen

Oil prices are lower overnight after a surprisingly large crude inventory build reported by API. The energy complex was not helped by comments by President Trump that…

Read More

Banks Brace For A Historic Crash With Record Loss Provisions

By StevieRay Hansen

For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb…

Read More

Another Iconic Deflationist Capitulates: According To Russell Napier, “Control Of Money Supply Has Permanently Left The Hands Of Central Bankers

By StevieRay Hansen

One by one the world’s legendary deflationists are taking one look at the following chart of the global money supply (as shown most recently by DB’s…

Read More

StevieRay Hansen

Leave a Comment