A socialist government such as China’s can keep its industry going simply by simply writing down debts when they can’t be paid without forcing a closedown and bankruptcy and loss of assets and employment. The world thus has two options: a basically productive public financial system in China, or a predatory financial system in the United States....Incidentally, I searched on the title in Google search to see whether this site is being deplatformed and came up with nothing. The Unz Review is apparently being censored.
The Unz Review
How an “Act of God” Pandemic Is Destroying the West: The U.S. is Saving the Financial Sector, not the Economy
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
https://www.nytimes.com/2020/08/29/health/coronavirus-testing.html
ReplyDelete“ Some of the nation’s leading public health experts are raising a new concern in the endless debate over coronavirus testing in the United States: The standard tests are diagnosing huge numbers of people who may be carrying relatively insignificant amounts of the virus.
Most of these people are not likely to be contagious, ”
https://www.thegatewaypundit.com/2020/08/shock-report-week-cdc-quietly-updated-covid-19-numbers-9210-americans-died-covid-19-alone-rest-serious-illnesses/
ReplyDelete"Unless personal debts, rents and taxes that cannot be paid are annulled, the result will be widespread bankruptcy, impoverishment and homelessness."
ReplyDeleteEr, bankruptcy is how debts, rents and taxes that cannot be paid are annulled.
If the bankruptcy laws are so rubbish they don't put people back on their feet and slap the creditor down with a big loss, then you need better bankruptcy laws.
One of the problems with slapping creditors with big losses is that over the last few decades many types of credit agreements are packaged and sold on secondary markets, SUPPOSEDLY distributing the risk .....but in fact it seems too often it magnifies the risk. It’s actually the inverse of distribution. Just as enforcement of Fed rules actually worsens banks balance sheets, thinking you are making the financial system less fragile when packaging and selling “credit vehicles” is instead doing the exact opposite, bringing more people into risk of significant loss when things turn south and increasing fragility.
ReplyDeleteMatt Franko
ReplyDeleteIt would be very hard for someone with serious Covid 19 disease, die simply from the viral infection itself.
If only Covid 19 is on the death certificate, that most likely means the attending doc was lazy in filling out the form, or an ME filled out the form based on the history and without an autopsy.
Most patients without any medical history die of pulmonary complications and respiratory failure. And those should be listed on the death certificate.
I know... the whole thing is a hoax created by trump deranged people in state and local positions of authority...
ReplyDelete