In our continued coverage of the corona pandemonium, we just watched another country get added to a list of many who have decided to restrict the free-market in their geographic locale.
The newest addition is South Africa, where President Cyril Ramaphosa has declared a three-week lockdown of the nation which will begin this Thursday at midnight.
And they aren’t the only ones who’ve recently joined the list of more than 17 nations now who have declared similar such measures…
The UK’s dumb and dumber lookalike Prime Murderer, Boris Johnson, just announced this morning that they too will be imposing lockdown restrictions. All of Britain’s shops, gyms, and places of worship will be closed and social events “including weddings — but not funerals — will be postponed.”
So mourning death is fine, but anything else – prohibited.
Meanwhile, in Commiefornia, USSA, since no one is allowed out on the streets, the local government has been ordered to procure the private hotel industry plus motels and recreation centers for the homeless to stay in.
Just when you thought Commiefornia couldn’t get anymore communist than it already is, they’re forcing private businesses to permit the government to commandeer their property. (Under the guise of protecting everyone, of course).
Now, while this seems like a very philanthropic gesture, you can be assured that these hotel and motel owners are in for a rude awakening…
Though many of these hoteliers can likely already see the writing on the wall… Many of their buildings are going to be absolutely trashed when all is said and done.
Sadly, many of the homeless population in California struggle with mental illness and do not have the capacity to take care of themselves let alone the space in which they’re staying.
I’m just waiting to hear the horror stories about what ends up happening to these rooms which will likely end up in serious disrepair.
Getting back to economic news, the US Federal Reserve just finished having their third “emergency meeting” in “reaction to coronavirus” (they claim).
This coming week, the Fed “tentatively” (we know it’s not tentative) plans on spending $125 billion in daily quantitative easing. This purchasing will comprise $75 billion in Treasuries and $50 billion in government-backed mortgage securities every day!
That’s the equivalent of the Fed buying up the entire market capitalization of bitcoin each day!
This is complete insanity in terms of the quantity of money being thrown around and what’s more – the extortion (tax) payers of the US will ultimately be the ones footing the bill – in more ways than one.
Not only will US citizens be taxed, but they’ll be paying it forward into the future via inflation and the deterioration of the purchasing power of the dollar.
Of course, at TDV we know that the FED has been in dire straits for a while now and are doing all they can to keep the house of cards which is the US and world economy from falling down…
For the time being at least…
But, I talk more about what is expected to come as a result of all this in the financial world with Lucy in my walk and talk video here:
As always, through this economic downturn, we plan on profiting at TDV. If you want to get a piece of the action, subscribe to the Dollar Vigilante newsletter HERE. As I write, cryptos are skyrocketing again with bitcoin having nearly doubled in the last two weeks.
And, you can watch all our TDV Summit videos and a special 2-hour TDV panel on the ramifications of the government and central bank’s response to this year’s version of the cold and the flu. You can see them all right HERE to know how to be prepared to survive and prosper from what will be, at the end of the day, the end of the dollar and fiat money system.
This is the biggest experiment in history… literally trying to shut down the whole world.
It will turn out incredibly bad for nearly everyone except those who know how to navigate what is currently going on and profit from it. Make sure to sign up for our newsletter HERE and the TDV Summit videos HERE to be as prepared to survive and profit through this all as anyone can be.