The New York Stock Exchange will close its trading floors and go fully electronic. New York Governor Andrew Cuomo mandated that non-essential businesses have no more than half their workforce in the office. Without floor brokers, there is a risk that volatility will rise further. This may result in market-makers withdrawing.

Simon Property Group, which is the largest mall operator in the country, is closing all of its malls due to coronavirus starting 7 p.m. Wednesday. The wholesale closing of businesses is insane. This entire scare has been orchestrated by this Pandemic Exercise where they are only concerned about stopping a disease without any regard to the implications to the world economy.

There is clearly a world economic depression that has been set in motion by these people. There are places where people work part-time and are now without jobs or unemployment insurance. These people are ignorant of what they have proposed and what they are doing to the entire world. They are idiots when it comes to economics and they have set in motion an insane panic. You cannot shut down the world economy to simply stop the common cold. The stupidity they have demonstrated is beyond belief, and the press has run with this story and will blame any politician who disagrees with these idiots. The best thing that can take place is advertising revenue collapses, the journalists lose their jobs, and the economy implodes which eliminates grants to people like this. You do not yell fire in a theater. This is what they have done.

John Hopkins has removed the death count because it has exposed their recommendations that have destroyed the world economy. This has disrupted the lives of so many that the damage may be beyond calculation. Small businesses will go bankrupt and banks will refuse to lend to them all because of these people and their insane recommendations.

Unemployment may surge back to 6%, but it will be far worse because of the part-time workers who will not be covered. These people have been totally irresponsible and the damage they have caused while living comfortably off of grants is an insult to the working people around the world.

How about we have Senate investigations and haul these people before Congress to testify under oath!

Avigan Favipiravir Treatment Reduces the Threat

China has announced that the Japanese drug, Avigan Favipiravir (T-705) which is a broad-spectrum inhibitor of viral RNA polymerase, proved to be successful in helping the fight against this coronavirus. I strongly urge the president to convene an investigation to restore public confidence.

Meanwhile, others are exposing the absurdity of what these people have done to the world economy when less than 8,000 have died and the virus has subsided already in China and South Korea. It will probably peak out by April/May.

Even Uber has been asking people not to ride. This is destroying so many drivers who need this income to supplement them or they have no other employment opportunities.

COMMENT #1: It has started. No cash accepted.

QUESTION #2: Hi,
If the government decides the whole nation needs to be tested for the virus. Will they then have the DNA of every US citizen? Is that a potential benefit created by this Corona panic?
Thanks,
DAS

ANSWER: Yes. The same test could also be retained for DNA.

QUESTION #3: How can conservatives like Mike Adams of Natural News be full on pandemic shut the entire world down mentality? And anyone who doesn’t agree is stupid – his words! It seems very clear what is happening but very few seem to realize it. Thanks for being the voice of reason. Very frightening times we find ourselves in.
P

ANSWER: They are clueless as to the economic impact. You do not kill the patient to cure the disease.

QUESTION #4: Hi Marty — at 8 am Eastern I divided the Gold Continuous Futures Contract price by the silver and got a ratio of 127.3!!!!!
Even looking at the Socrates Gold Silver Ratio it was scraping 120 yesterday.
The shoot-up since December is absolutely insane on a historical level, as is the ratio itself , as I understand.
Have purchased your Gold Reports since 2014 Version where the ratio has been an important element of long term price.
I appreciate that we are in unusual times right now.

I think many of your customers, benefactors and followers are, like me, curious to hear your input on this ratio at the moment.

We do understand you are busy, so just something to keep in mind.

THANKS FOR ALL OF YOUR GREAT INSIGHTS!

DP NYC

ANSWER: The reason I have been skeptical about the gold rally breaking out is because of the ratio. We need to get that in alignment. I will update that on the private blog.

Even in Thailand, they have shut down all nightclubs and bars. Nobody can work and they do not have unemployment. You are looking at a massive global depression with the rise that a lot more people will starve to death before they ever get this virus

What has taken place with this coronavirus is absolutely insane. This is seriously disrupting the entire world economy. We are staring into the eyes of a very serious Great Depression that will topple governments all because of an overreaction and hyping of this virus. Far more people die of the flu and even smoking than this virus. We do not shut down commerce because of such diseases.

I am bringing together all the economic forecasts. I will release this ASAP. Since this is an economic forecast rather than a market forecast, this is something for the general public. The price on this will be $9.95 in a downloadable file.

COMMENT: Dear Mr Armstrong,

About your post “Fake News & Coronavirus Panic”, i wanna share my experience here in Italy, Venice.
In the last weeks i’ve been contacted by my abroad friends reading our apocalyptic news, wondering if i was already became a zombie. My answer was always the same: “i’m fine also my family, friends and all my contacts til the 4th grade. I read the news as you, but i’m still astonished by this kind of overreaction”.

With passing days the situation worsened, better say the reaction went to steroids. Because yes, the ill numbers are growing, but looking my very productive region entering in lockdown, like a christmas tree slowly turning off its lights, it became the real nightmare.
Our governor, once a balanced right-wing politician, actually screams that hospitals’ intensive care is close to be full; that he doesn’t permit to have careless casualties, even blaming people walking on the river banks or sending police controls to the companies for checking if they apply the health security rules.

Because Doctors said this is the only way to lower the casualty rate. Then Mr Armstrong, i agree with your rants on the media, but it’s not just that only. What it’s changed is that we consider science as a religion and scientists as priests, avoiding to balance their biased warnings with the old family father’s wise rules.

We don’t accept the death anymore, going to war for saving hundred patients, forgetting that famine kills the millions.

Best regards,

AF

REPLY: I have been in contact with some people who are on the Hill in Washington who are growing concerned that this may be an orchestrated grab for power. The CDC has long sought dictatorial powers and has been pushing legislation under the title of the Model State Emergency Health Powers Act. It is a draft of model legislation to increase state powers to respond to bio-terrorism or other outbreaks of disease that the Centers for Disease Control and others want the states to pass into law. Although such legislation is needed, the current draft of the Model Act, unfortunately, is written in a way that doesn’t adequately protect citizens against the misuse of the tremendous powers that it would grant in an emergency.

The CDC seeks extraordinary emergency powers where there are no checks or balances. When you go to a doctor they always tell you to get a SECOND opinion. Public health authorities make mistakes. We all know that politicians abuse their powers and those in government’s deep state seek absolute rule for everyone is a potential enemy. Even take what they did to the Japanese during World War II. The government has a history of discriminatory abuse of power when it comes to the quarantines. The lack of checks and balances is always a major threat to civil liberty. They will always go too far.

This is becoming a power grab just as they used 9/11. There are no cases were I am. Nevertheless, they have panicked and imposed curfews. A lot of girls in college work as servers. Restaurants are closing and students who are already screwed by the system cannot go bankrupt on worthless degrees and cannot even earn money to live. This has gone way too far

The Coronavirus Panic has been caused by FAKE NEWS and the press MUST be held accountable. The press is acting irresponsibly and has turned this virus into a major scare. They criticize any politician who dares to disagree as reflected in the Washington Post’s headline:

“As much of America takes drastic action, some Republicans remain skeptical of the severity of the coronavirus pandemic”

There should be an investigation of the press and restoration of the FCC Fairness Doctrine. This is so critical at this time. The press is NOT responsible and MUST be forced to present both sides.

For those unfamiliar with the germ theory of disease, it was the major achievement of French scientist Louis Pasteur. He discovered that healthy silk worms became ill when they nested in the bedding of those suffering from the disease.

I have searched history to try to find any such period where there has been such a panic over such a minimal event. I would understand if we were dealing with a kill ratio of 20%+ to justify calling off elections, closing stores, and imposing curfews. The advice that Trump has received is absolutely insane. The damage to the economy is off the charts. Yes, if we all stay in our homes and never go out that will stop the flu from spreading. But at what cost to the economy?

What is unfolding is NOT going to be repaired so easily. In Washington, they are already circulating proposals that they may need to create a $1 trillion bailout fund for everything from airlines to restaurants. The amount of money sought just by airlines does not reflect the damage being done to small businesses. Unemployment will rise because they are destroying small business and that is the sector that employs 70% of the workforce. The airlines will get aid, but it will not trickle down to the small businesses.

Those pushing this panic are really doing long-term damage and they are only destroying their own liberty.