World Civilization Under Attack, No End in Sight
Posted: 22 Mar 2020, 10:10
Our world is sustained on the premis that we (the inhabitants of the planet) go out and produce and then consume the yield thereof. If we can't cover-up our needs by just our own production, then we go to market and buy the extra needs to supplement our own production to cover our needs. We also sell part of the surplus of our own productions on the market to cover our own extra expense and bying power. This is what sustained the world from individual house-holds upto national economies.
This system is now greatly halted and there is no end in sight for when the system could resume functioning again.
The major part of Europe is under lockdown, productions and services are told to halt, export and import are told to halt, households are told not to go out and go after their businesses.
Trillions of dollars are released into the circulation of the financial market, without any outlook to produce the goods and services that the extra money is going to be spent on.
Financial markets are wiped off of their market value gains over many years in just few weeks, many business are facing existential threats, households are facing similar threats, millions have lost their jobs, panicking has overtaken the whole population of the earth. Those who have money are hoarding what is available on the market. Supply chain is disrupted, and no one can say when this disruption may end.
The Alarm Bell of the disease dubbed COVID-19 by WHO and reportedly caused by corona-virus, a novel virus for which there is no medication for therapy and immunization so far, is being rang every hours or so world wide. It is said to have a FCR (fatality-case rate) of 3 - 4 %, but the side effect is going to have its toll on a much bigger proportion of the general population, the foundation of world existence is under threat.
The other premise of our sustained economic system is that we go out and start the production process which will become a yield over the next year, which implies that if we don't produce this year, then there will be no supply the coming year, almost in all sectors of the world economic system.
Italy as the first country in the world announced the halt of "non-essential production", on top of the already halted/disrupted supply chain. People's life is under threat, if not by the disease itself by the side-effect of the epidemic (pandemic) and policies crafted to handle it.
We are currently help-less, the alarm bell should also be rang now on the possiblle side-effects of this pandemic.
More transparency is needed in my view, we should be able to learn more about such a big issue affecting the whole world, and prepare ourselves accordingly.
This system is now greatly halted and there is no end in sight for when the system could resume functioning again.
The major part of Europe is under lockdown, productions and services are told to halt, export and import are told to halt, households are told not to go out and go after their businesses.
Trillions of dollars are released into the circulation of the financial market, without any outlook to produce the goods and services that the extra money is going to be spent on.
Financial markets are wiped off of their market value gains over many years in just few weeks, many business are facing existential threats, households are facing similar threats, millions have lost their jobs, panicking has overtaken the whole population of the earth. Those who have money are hoarding what is available on the market. Supply chain is disrupted, and no one can say when this disruption may end.
The Alarm Bell of the disease dubbed COVID-19 by WHO and reportedly caused by corona-virus, a novel virus for which there is no medication for therapy and immunization so far, is being rang every hours or so world wide. It is said to have a FCR (fatality-case rate) of 3 - 4 %, but the side effect is going to have its toll on a much bigger proportion of the general population, the foundation of world existence is under threat.
The other premise of our sustained economic system is that we go out and start the production process which will become a yield over the next year, which implies that if we don't produce this year, then there will be no supply the coming year, almost in all sectors of the world economic system.
Italy as the first country in the world announced the halt of "non-essential production", on top of the already halted/disrupted supply chain. People's life is under threat, if not by the disease itself by the side-effect of the epidemic (pandemic) and policies crafted to handle it.
We are currently help-less, the alarm bell should also be rang now on the possiblle side-effects of this pandemic.
More transparency is needed in my view, we should be able to learn more about such a big issue affecting the whole world, and prepare ourselves accordingly.