China

A Week Ago There Were 547 Coronavirus Cases In China. Now There Are 7,711.

This coronavirus outbreak continues to grow at an exponential rate.  In fact, the number of cases is 14 times larger than it was just one week ago.  Needless to say, if the number of cases continues to escalate at this pace, we are going to have a horrifying global pandemic of epic proportions on our hands very rapidly.  But hopefully that won’t happen.  Hopefully the measures that global authorities have taken to slow the spread of the virus will work.  But we are definitely in a race against time, and if they don’t get this outbreak under control shortly we could soon be facing a worst case scenario.

As I was doing research for this article, I decided to find out how many confirmed cases there were in China one week ago.  According to CNN, there were 547 as of last Wednesday…

Five Chinese provinces reported additional cases of the Wuhan coronavirus on Wednesday, bringing the total number of people infected in mainland China to 547.

The worldwide number of cases has reached 555 on Wednesday.

Now as I am writing this, the number of confirmed cases has officially risen to 7,711.  The following comes from USA Today…

The number of confirmed infections across China has risen to 7,711, resulting in 170 deaths. By comparison, there were 5,327 cases of severe acute respiratory syndrome (SARS) in China during the 2002-2003 outbreak, although that virus was more deadly, claiming 349 lives.

It seems like just yesterday we were talking about how this outbreak had the potential to eventually surpass the SARS epidemic.

But now it has already happened.

Wow.

And the truth is that it has become exceedingly clear that the official numbers coming out of China are being greatly suppressed.  In fact, Breitbart is reporting that the Chinese government “is significantly limiting access to testing kits”…

The Epoch Times, a U.S.-based newspaper that often focuses on human rights abuses committed by the Communist Party of China, cited interviews on Monday with an unnamed “insider” and an “independent journalist” within Wuhan, both of whom said that Chinese doctors were not testing people who requested it showing symptoms of infection. The party is significantly limiting access to testing kits, which makes it more difficult to confirm cases of novel coronavirus — thus suppressing the official number of known cases of the disease.

“Medical personnel at these hospitals [in Wuhan] have said that the number of kits they are supplied is less than 10 percent of what they need to test patients,” the Epoch Times noted. “Now these hospitals claim that their responsibility at present is to provide treatment only, and they will not perform any diagnoses. Patients who are seeking a diagnosis are unable to get one and find themselves in a desperate situation.”

This confirms what others have been reporting as well.  Hordes of sick people have been flooding the hospitals in Wuhan, but many of them are being turned away without ever being tested.

In addition, multiple reports indicate that the death toll is being greatly understated as well.  One journalist that has been reporting on this is William Yang…

Also, one thing that is hiding is the number of death caused by the virus. Credible Chinese media outlet @initiumnews interviewed people working at local cremation centers, confirming that many dead bodies were sent directly from the hospitals to the cremation centers…

In many cases, the cause of death is being recorded as “severe pneumonia” in order to keep the official death toll down.  We aren’t being given accurate information, and that should make all of us very angry.

According to researchers at the University of Hong Kong, the true number of coronavirus cases in the city of Wuhan alone is probably “closer to 44,000”…

Due to the poor handling of the situation, University of Hong Kong medical researchers warned on Monday that the true number of people infected could be closer to 44,000 in Wuhan alone than 5,000. Gabriel Leung, the dean of the university’s medical school, told reporters that the virus could continue spreading into the summer and that world governments must consider “draconian measures” to contain it, particularly in China.

And according to a study of actual patients at a Wuhan hospital, if honest numbers were being used the true mortality rate would be about 11 percent…

The latest clinical report on 2019-nCoV: 99 patients from Wuhan Jinyintan Hospital. Important: a key group of patients progress rapidly to ARDS, septic shock, and multiple organ failure. 23% ITU admission, 17% ARDS, 11% mortality. https://bit.ly/2O7VFe8

So instead of “170 deaths”, the truth is that the actual death toll has probably already surpassed 4,000.

According to one woman that claims to be a medical worker in Wuhan, victims are literally “dying right in front of our eyes”…

“The patients were begging us desperately but we couldn’t do anything.

“They are dying right in front of our eyes.

“Please take every measure to protect yourselves at home.

“Don’t ever trust the government. We are on our own now.”

Ultimately, we should not expect the Chinese government to tell us the truth because they have never been particularly honest in the past.

But what we do know is that cases are starting to appear all over the globe.  In fact, over the past few days we have seen an alarming number of “potential cases” pop up all across the United States.

If this virus starts spreading as rapidly in this country as it has in China, we are going to be facing a public health crisis unlike anything we have ever seen in modern American history.

Unfortunately, most Americans still don’t realize what is happening.  In fact, many Americans seem to think that this coronavirus has something to do with “Corona beer”…

Just to be clear, there is no connection between the Mexican pale lager and the outbreak—which has infected over 6,000 people in China and killed at least 132.

However, this hasn’t stopped online searches for “beer virus,” “corona beer virus,” and “beer coronavirus” from surging across search engines since January 18, according to Google Trends data.

Hopefully this outbreak will eventually blow over and things can return to normal.  But these are definitely not “normal” times, and 2020 is likely to become even more chaotic in the months ahead.

If this virus starts spreading like wildfire in the U.S. like it is currently doing in many parts of China, all of our lives will dramatically change.

Just going to work, to school or to the grocery store will become a major concern, and fear of this virus will paralyze our society to an extent that most of us don’t even want to imagine.

So let us hope for the best, but let us also prepare as if a worst case scenario was definitely coming.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Over And Over Again The Mainstream Media Hasn’t Been Telling Us The Truth About This Coronavirus Outbreak

Ever since this coronavirus outbreak first began, the mainstream media has been feeding us fake news over and over again.  Initially, we were repeatedly told that there was very little to be concerned about because it was very unlikely that human to human transmission was happening.  But now we know that this virus spreads very, very easily between people.  Another thing that we were repeatedly told by the mainstream media was that a victim had to start showing symptoms before they could spread the disease.  Unfortunately, now we know that is completely and totally false.  As you will see below, Chinese officials have confirmed that even those showing no symptoms at all can spread the disease.  But perhaps the biggest fraud of all has been the “official numbers” that the Chinese government has been putting out.  According to the latest count, there are now 2,051 confirmed cases and the death toll has risen to 56, but at this point it has become clear that those numbers are completely divorced from reality.

Over the past several days, thousands upon thousands of very sick people have been absolutely overwhelming the hospitals in Wuhan, China.  In some cases people have literally had to wait in line for two days to see a doctor, and in other cases people have not been able to see a doctor at all.  In fact, one 36-year-old woman has taken her very sick husband to multiple hospitals and they still haven’t been able to see a doctor.  The following comes from the South China Morning Post…

One 36-year-old, speaking by phone outside a major hospital in the city, said she had spent the past week taking her sick husband from hospital to hospital in a vain attempt to get him tested for the virus, which has already killed 41 people and infected hundreds more.

“I have nothing. No protective clothing, only a raincoat, and I am standing outside the hospital in the rain,” said the woman, who gave her name as Xiaoxi.

“I am desperate, I have lost count of time and days. I don’t know if we will both live to see the new year.”

Her husband first developed a fever 10 days ago and he has been coughing up blood, but he wasn’t tested for the virus at any of the four hospitals that they visited.

At one point they even called an ambulance, and that didn’t even work.

Sadly, the truth is that there are hordes of very sick people in Wuhan that are not showing up in the official numbers because there are not enough medical personnel to test them all.

And many of the medical personnel that are working endless hours to fight this outbreak end up getting the virus themselves.  In fact, one heroic doctor in Wuhan passed away on Saturday morning…

A doctor working at a hospital in Wuhan, China — treating patients stricken with the coronavirus — died Saturday morning.

Liang Wudong, 62, died after he was infected with Wuhan coronavirus.

In addition to not being able to test everyone that is sick, the Chinese have also been purposely suppressing the death toll by falsely categorizing the deaths of many of the victims…

A 53-year-old fitness trainer died on Wednesday after checking into a hospital in Wuhan a little more than a week earlier, said his niece. His family had expected the death certificate to reflect the deadly coronavirus, because as his condition deteriorated, his doctors told his family he was suffering from an untreatable virus in his lungs.

Instead, it recorded “severe pneumonia” as the cause of death, she said. The relatives of two other people who died in separate hospitals in Wuhan this week also described similar situations, saying the causes of death had been given as “viral pneumonia.”

So what would the real numbers look like if we were being told the truth?

We don’t really know, but experts at Lancaster University believe that “there may already be 11,000 people infected in Wuhan”…

A sobering assessment last week by experts at Lancaster University estimated there may already be 11,000 people infected in Wuhan – and that only one in 20 infections has come to medical attention.

The experts calculated the number could grow to 190,000 by February 4.

If that estimate is anywhere close to reality, that would be really, really bad.

But a video that claims to be from a nurse in Wuhan claims that things are even worse than that.

According to her, there are already 90,000 cases of the coronavirus in China…

A nurse wearing a protective suit and face mask treating the sick in Wuhan has claimed that 90,000 people have already been infected by the coronavirus in China – far more than the figure of just 1,975 issued by government officials.

Her warning from the heart of the outbreak emerged as the Chinese government faced accusations of censoring criticism of its handling of the disease in order to play down the crisis.

It is important to note that what she is reporting is entirely unconfirmed, and at this point there doesn’t seem to be any way to confirm her claims.

But what Chinese officials are now confirming is that this virus can be spread by victims without any symptoms at all…

China’s health minister Ma Xiaowei made a startling statement Sunday about the Wuhan coronavirus: He said people can spread it before they become symptomatic.

“This is a game changer,” said Dr. William Schaffner, a longtime adviser to the US Centers for Disease Control and Prevention.

This is completely contrary to what we were told previously.

And we were also previously told that the incubation period was a week or less, but now we are being told that the incubation period can last for as long as 14 days…

China’s National Health Commission Minister Ma Xiaowei said the incubation period for the virus can range from one to 14 days, during which infection can occur, which was not the case with Severe Acute Respiratory Syndrome (SARS).

That means that there could be thousands upon thousands of people that aren’t exhibiting any symptoms at all that are spreading this virus around like wildfire all over the globe right at this moment.

Why didn’t they just tell us the truth right from the beginning?

If they didn’t know what was happening, it would have been okay for them to admit that.  Instead, they fed us bad information that turned out to be completely false.

Chinese officials are assuring us that they have everything under control because they have now locked down a whole bunch of major cities.

But that isn’t going to stop the spread of the virus.  Millions of people left Wuhan before that city was quarantined, and many others have been able to skirt around the travel restrictions quite easily.  The following comes from Zero Hedge…

Yet, but… there is just one problem: the much needed quarantine and lockdown were far too late, because as Wuhan’s mayor Zhou Xianwang revealed on Sunday during a press conference, about 5 million residents had already left Wuhan before the lockdown because of the deadly coronavirus epidemic and the Spring Festival holiday.  As the SCMP reports, many of Wuhan’s residents had already left the city for the holiday, while others rushed out after the lockdown was announced on Wednesday night.

As a result, only 9 million people were remaining in the city after the lockdown, with roughly a third of it, including countless cases of coronavirus, having already spread across China.

This extremely deadly coronavirus, wherever it originally came from, is now out of the bag.

With each passing hour more cases are being confirmed all over the world, and there are now five confirmed cases in the United States.

Life is so fragile, and as the whole world just witnessed, it can end way too soon.  The time of “the perfect storm” is here, and the headlines are only going to become more alarming in the days ahead.

But this is not a time for fear or panic.

Yes, things are going to get a lot worse.

And yes, a lot more people are going to die.

But those that are level-headed have the best chance of making it through any crisis, and giving in to fear or panic is not going to help matters at all.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

A ‘High-Level Exercise’ Conducted 3 Months Ago Showed That A Coronavirus Pandemic Could Kill 65 Million People

Just over three months ago, a “high-level pandemic exercise” entitled “Event 201” was held in New York City.  On October 18th the Johns Hopkins Center for Health Security, in conjunction with the World Economic Forum and the Bill & Melinda Gates Foundation, brought together “15 leaders of business, government, and public health” to simulate a scenario in which a coronavirus pandemic was ravaging the planet.  The current coronavirus outbreak that originated in China did not begin until December, and so at that time it was supposedly just a hypothetical exercise.  The following comes from the official page for this event…

The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise on October 18, 2019, in New York, NY. The exercise illustrated areas where public/private partnerships will be necessary during the response to a severe pandemic in order to diminish large-scale economic and societal consequences.

I find it quite interesting that the Bill & Melinda Gates Foundation was involved, because they are also financial backers of the institute that was granted a U.S. patent for “an attenuated coronavirus” in November 2018.

It appears that the Bill & Melinda Gates Foundation has been quite interested in the threat posed by coronaviruses for quite some time.

Eric Toner, a researcher at the Johns Hopkins Center for Health Security, spearheaded putting “Event 201” together.  In his scenario, a coronavirus outbreak had begun on Brazil’s pig farms…

Toner’s simulation imagined a fictional virus called CAPS. The analysis, part of a collaboration with the World Economic Forum and the Bill and Melinda Gates Foundation, looked at what would happen if a pandemic originated in Brazil’s pig farms.

Even though the outbreak was quite limited at first, Toner’s scenario ultimately showed that a coronavirus pandemic could kill 65 million people…

The pretend outbreak started small: Farmers began coming down with symptoms that resembled the flu or pneumonia. From there, the virus spread to crowded and impoverished urban neighborhoods in South America.

Flights were canceled, and travel bookings dipped by 45%. People disseminated false information on social media.

After six months, the virus had spread around the globe. A year later, it had killed 65 million people.

Let us certainly hope that this current outbreak does not evolve into that sort of a nightmare.

According to Reuters, there are now more than 800 confirmed cases, and the death toll has shot up to 25…

China confirmed 830 cases of patients infected with the new coronavirus as of Jan. 23, while the death toll from the virus has risen to 25, the National Health Commission said on Friday.

But many are skeptical that the official figures are accurate.  Because the images coming out of Wuhan are extremely alarming…

Disturbing images of Wuhan residents dropping unresponsive to the floor have emerged on Instagram following the diseased Chinese city’s coronavirus lockdown.

Wuhan has been branded a “zombieland” by frantic locals after Chinese authorities told residents they are not allowed to leave yesterday morning.

Pictures from inside the city paint an apocalyptic picture as medics patrol in hazmat suits and gas masks.

Over the past 48 hours, numerous videos have been posted on social media that supposedly show violently sick people that have literally collapsed in the streets of Wuhan.  Here is just one example.

And in another video, hundreds of mask-wearing Chinese citizens are crammed into the hallways of a hospital in Wuhan as they wait to see a doctor.

This is something that I wrote about yesterday, and even though I documented my claims, I don’t think that a lot of people believed me.

In fact, when I told my wife what was happening at the hospitals even she didn’t believe me at first.

But this is actually happening, and one video from a Wuhan hospital even shows a patient that collapsed on the ground as he waited to see a doctor…

If people are literally dropping where they stand, that would seem to indicate that we aren’t being told the full truth about this virus.

Chinese authorities are trying to keep everyone calm, but they are definitely treating this like it is no ordinary outbreak.  For example, one airline passenger that was suspected of having the virus was actually “wheeled out of an airport in a quarantine box”…

Footage has emerged showing an airline passenger with suspected SARS-like coronavirus being wheeled out of an airport in a quarantine box.

The man inside the box is wearing a protective suit, a mask and gloves after he reportedly showed possible symptoms, including a fever, during screening and was isolated from other travellers.

The box is surrounded by staff wearing blue masks as it is wheeled to a waiting ambulance outside a terminal at the airport in Fuzhou in south-eastern China.

The whole world was stunned when it was announced that the entire city of Wuhan would be facing a quarantine, but now seven other Chinese cities are also being locked down.

In addition, big cities all over China are canceling festivities for the upcoming Lunar New Year holiday…

Major Chinese cities, including Beijing and quarantine-blocked Wuhan, banned all large gatherings over the coming Lunar New Year festival, the most important holiday on the Chinese calendar, in an expanding effort to contain a rapidly spreading coronavirus outbreak.

The announcement Thursday came as authorities expanded travel restrictions imposed on Wuhan to surrounding municipalities, shutting down travel networks and attempting to quarantine about 25 million people – more than the population of Florida.

We have never seen anything like this before in the entire modern history of China.

Would Chinese officials really take such dramatic measures if the threat was not real?

Of course here in the United States the CDC is assuring us that we don’t have anything to be concerned about…

“We don’t want the American public to be worried about this because their risk is low,” says Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases. “On the other hand, we are taking this very seriously and are dealing very closely with Chinese authorities.”

Hopefully they are correct, and hopefully this outbreak will blow over sooner rather than later.

But a virologist that played a key role in identifying SARS in 2003 insists that what we have seen so far is just the beginning…

“A bigger outbreak is certain,” said Guan Yi, a virologist who helped identify severe acute respiratory syndrome (SARS) in 2003. He estimated – “conservatively,” he said – that this outbreak could be 10 times bigger than the SARS epidemic because that virus was transmitted by only a few “super spreaders” in a more defined part of the country.

“We have passed through the ‘golden period’ for prevention and control,” he told Caixin magazine from self-imposed quarantine after visiting Wuhan. “What’s more, we’ve got the holiday traffic rush and a dereliction of duty from certain officials.”

And if that wasn’t enough to send a chill down your spine, just check out what else he had to say…

“I’ve seen it all: bird flu, SARS, influenza A, swine fever and the rest. But the Wuhan pneumonia makes me feel extremely powerless,” he told Caixin. “Most of the past epidemics were controllable, but this time, I’m petrified.”

The next week or two will be an absolutely critical time.

If authorities are able to stop the number of cases from rising at an exponential rate, and if there are able to keep it mostly confined to just a few areas of China, we may have a chance to prevent a global pandemic.

But if not, we may be facing a worst case scenario.

And according to “Event 201”, a worst case scenario could potentially mean tens of millions of dead people.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

A State Of Panic Hits The Globe As Cases Of China’s New Mystery Virus Rise Exponentially

This is already becoming the worst public health scare that we have seen in many years, and experts are warning that we are still in the very early chapters of this crisis.  Officials are fairly certain that the spread of this mysterious new coronavirus began in the Chinese city of Wuhan, and as you will see below, measures are now being implemented to try to isolate that city from the rest of China.  But it is already too late, because cases have already been reported in other major Chinese cities, and the virus has also already traveled to a whole bunch of foreign countries via airplane.  Cases have been reported in Japan, South Korea, Thailand, Taiwan, the Philippines, Australia and now there has even been one case in the United States.  It is being estimated that this virus has an incubation period of about a week, and so the truth is that countless others could be spreading it around right now without even realizing it.

There is so much that we still don’t know about this disease, but what we do know is that there were 48 confirmed cases on January 17th and now there are 440…

Chinese officials have just held a press conference that was anything but the usual CDC “everything’s ok” statement. The particularly ominous warning that the virus is mutating and spreading is perhaps due to the poor handling of the SARS breakout in 2002/3 which was marked by cover-ups and official reluctance to share information.

Li Bin, vice head of China’s National Health Commission, confirmed there are 440 confirmed coronavirus cases in this new outbreak and there have been 9 deaths. Some 1,394 patients are under medical observation.

What this means is that the number of confirmed cases has gotten nine times higher in just four days.

Needless to say, this is creating a tremendous amount of panic.  In China, a lot of people are completely shying away from public places at this point…

“I don’t really dare to go to the airport right now, or even to the movie theater,” said Xie Jing, 33, who works in advertising in Shanghai, where there have been two confirmed cases of coronavirus. She canceled her planned trip home to Sichuan, where two cases are suspected.

“Everyone is being very careful at the moment in Shanghai. Everyone is wearing masks on the streets,” Xie said.

Sadly, the demand for masks is far greater than the supply, and some sellers have decided to make a quick profit by selling them “for more than 10 times their original price”…

Several unscrupulous sellers who bought up masks en bulk are now managing to sell them for more than 10 times their original price. Some retailers were selling the masks for as much as 40 yuan ($7), a more than 10-fold mark-up. Users of Weibo, a Chinese social network similar to Twitter, warned anybody planning to travel to instead consider staying home, and repeatedly washing their hands.

According to certain sites that track prices of Chinese goods, the masks typically sell for 53 cents.

We haven’t seen this sort of panic since the days of the bird flu scare, and Chinese citizens are demanding action.

Unfortunately, there isn’t that much that can be done at this point.  Chinese officials are taking some steps to try to isolate Wuhan from the rest of the country, but many are skeptical that these measures will really make that much of a difference…

Wuhan, the central Chinese city where the coronavirus was first detected, announced a series of new measures Tuesday, including the cancellation of upcoming Lunar New Year celebrations, which had been expected to attract hundreds of thousands of people.

Tour agencies have been banned from taking groups out of Wuhan and the number of thermal monitors and screening areas in public spaces will be increased. Traffic police will also conduct spot checks on private vehicles coming in and out of the city to look for live poultry or wild animals, after the virus was linked to a seafood and live animal market, according to a report by state media outlet the People’s Daily, citing Wuhan’s Municipal Health Commission.

There are about 11 million people living in and around Wuhan.  Cancelling a few events and performing sporadic “spot checks” is not going to keep this virus from spreading.

And of course the fact that this virus has already spread to a bunch of other countries is really alarming officials all over the globe.  North Korea has already “closed its borders to foreign tourists”, and other nations may soon follow suit.

In addition, airports all over the world are stepping up their screening efforts…

Authorities in several countries, including Australia, Singapore, Hong Kong, Taiwan and Japan have stepped up screening of air passengers from Wuhan. US authorities last week announced similar measures at airports in San Francisco, Los Angeles and New York. They have now announced plans to introduce similar measures at airports in Chicago and Atlanta this week.

Unfortunately, this virus has already arrived in the United States via airplane.  A resident of Washington state brought it back from China on January 15th, and he didn’t contact a health professional until January 19th…

U.S. officials said the man, a resident of Snohomish County, Wash., returned Jan. 15 from a trip to the region around Wuhan. Shortly after arriving at Seattle’s international airport, he began feeling ill and reached out to his health-care provider on Sunday.

The Centers for Disease Control and Prevention confirmed Monday the man had the coronavirus – which has sickened more than 400 people in China and others in Thailand, Japan, Taiwan and South Korea.

During the intervening days, how many others caught this virus from that particular individual?

And are they now spreading it to those that they are interacting with?

According to the director of the CDC’s National Center for Immunization and Respiratory Diseases, “we should expect to see additional cases in the U.S. and certainly around the world” in the days ahead.

In other words, you better buckle up because this crisis is going to get worse.

2020 was already promising to be a major turning point, and now we potentially have a very serious worldwide health crisis to contend with.

Global events are really starting to accelerate, and I have a feeling that a whole lot more drama is on the way.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The Mysterious New “SARS-Like Virus” That Is Killing People In China Has Now Spread To Japan

On top of everything else that has happened so far in 2020, a very mysterious “SARS-like virus” that doctors have never seen before is causing grave concern among global health officials.  It has been identified as “a coronavirus”, but that category covers a very broad range of illnesses.  If you have a common cold right now, it was caused by a coronavirus.  But SARS and MERS also came from the same virus family, and those two outbreaks made headlines all over the world.  In 2002 and 2003, SARS infected more than 8,000 people worldwide, and more than 700 of them ended up dying.  Global health officials are hoping that what we are now facing won’t be any worse than that, but at this point they just don’t know enough about this mysterious new virus to make any firm projections.

What we do know is that this outbreak just started, and China has just announced that this virus has claimed a second life.  The following comes from the BBC…

A second person has died in China from a new, pneumonia-like virus, local officials have announced.

They say the death was recorded in the eastern city of Wuhan, where the outbreak began in December.

And we also know that there have been at least two cases where people have transported the virus outside of China via airplane.

The first case happened earlier this week when a woman flew from China to Thailand…

The new virus, known for now as 2019-nCoV, was first identified on Jan. 7, about a week after officials first reported a cluster of pneumonia cases in Wuhan, WHO said.

Recently, officials reported the first “exported” case of the virus in Thailand. In that case, a resident of Wuhan got on a direct flight to Thailand along with several members of her family and a tour group, according to WHO. When the 61-year-old woman arrived at the airport, she was found to have a fever, and she was taken to the hospital where she tested positive for 2019-nCoV.

Subsequently, on Thursday we learned that a man that flew from China to Japan had also contracted the virus.  The following comes from Time Magazine…

Japan’s government said Thursday a man treated for pneumonia after returning from China has tested positive for the new coronavirus identified as a possible cause of an outbreak in the Chinese city of Wuhan.

The man developed a fever and coughs on Jan. 3 while in Wuhan, returned to Japan on Jan. 6, and was hospitalized four days later due to persistent coughs and fever, with his X-ray image showing signs of pneumonia, the Ministry of Health, Labor and Welfare said.

At first, global health officials were greatly downplaying the possibility of human-to-human transmission.

But now even the World Health Organization has been forced to admit that “limited human-to-human transmission” may be happening…

There may have been limited human-to-human transmission of a new coronavirus in China within families, and it is possible there could be a wider outbreak, the World Health Organization (WHO) said on Tuesday.

In other words, the evidence has forced them to change their tune, but they are still trying to not alarm the general public too much.

Unfortunately, the truth is that this outbreak is still very new, they have never seen this virus before, and they are still trying to figure out exactly how dangerous it is.

Hopefully this is not going to develop into a major pandemic.  Without a doubt, it is certainly possible that this whole thing could fizzle out even faster than the bird flu scare did.

But let us not forget that a horrific pandemic about 100 years ago killed between 50 million and 100 million people.  The following comes from Wikipedia…

The 1918 influenza pandemic (January 1918 – December 1920; colloquially known as Spanish flu) was an unusually deadly influenza pandemic, the first of the two pandemics involving H1N1 influenza virus.[1] It infected 500 million people around the world,[2] including people on remote Pacific islands and in the Arctic. Probably 50 million, and possibly as high as 100 million (three to five percent of Earth’s population at the time) died, making it one of the deadliest epidemics in human history.[3][4][5]

Bill Gates has identified pandemics as one of the three greatest threats that humanity is facing, and he says that we are woefully unprepared if one were to break out today.

In fact, he says that we should be preparing for one right now as if we were preparing for war…

“In the case of biological threats, that sense of urgency is lacking,” Gates said in a 2018 presentation hosted by the New England Journal of Medicine. “The world needs to prepare for pandemics in the same serious way it prepares for war.”

Sadly, authorities will probably never make preparation a true priority until a major pandemic has already begun.

The symptoms of this new mystery virus include congestion, headache, cough and fever.

Of course those exact same symptoms are associated with the common cold.

If you have shortness of breath, chills or body aches in addition to the other symptoms, that could be an indication that you should get checked out.

But there have been no reports of this virus reaching the United States yet, and hopefully we won’t see that happen at all.

For the Chinese, this outbreak comes at a particularly bad time, because their Lunar New Year celebration is on January 25th.  Hundreds of millions of people will be traveling around China, and that could potentially accelerate the spread of the virus.

It may have been prudent for Chinese officials to completely cancel all of the festivities, but at this point there are absolutely no plans to do that.

So we will watch and see what happens.  If this particular virus doesn’t become a pandemic, scientists assure us that it is only a matter of time before some other virus does.  And considering the hour in which we live, we are certainly very vulnerable to a potential pandemic right now.

Once again, I want to stress that there is no need for people in the U.S. to start freaking out about this virus just yet.  Only two people have died, and there have been no reported cases in the U.S. so far.

But as we have seen in the past, global air travel can spread a virus around the world very quickly, and authorities are still trying to figure out how dangerous this new mystery disease really is.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Global Collapse Incoming? The Total Breakdown Of Relations With China Could Throw Our Planet Into Utter Turmoil

We just witnessed one of the most monumental events of the entire decade, and yet most Americans still don’t understand what has happened.  In recent months, the global economy and stock markets around the world have been buoyed by the hope that the U.S. and China would soon sign a new trade agreement.  Unfortunately, there is no way that is going to happen now.  On Tuesday, the Senate unanimously passed the “Hong Kong Human Rights and Democracy Act of 2019”, and the House of Representatives passed the same bill by a 417 to 1 vote on Wednesday.  Needless to say, the Chinese are beyond angry that Congress has done this.  In part one of this article, I showed that China is warning the U.S. to “rein in the horse at the edge of the precipice” and that there will be “revenge” if this bill is allowed to become law.  And it looks like this bill will actually become law, because Bloomberg is reporting that President Trump is fully expected to sign it…

President Donald Trump is expected to sign legislation passed by Congress supporting Hong Kong protesters, setting up a confrontation with China that could imperil a long-awaited trade deal between the world’s two largest economies.

Before I go any further, there is something that I want to address.  Earlier today, one of my readers emailed me and accused me of siding with China because I am warning about what will happen if trade negotiations fail.  Of course that is not true at all.  I have been writing about the horrific human rights abuses in China for many years, and they are one of the most tyrannical regimes on the entire planet today.  But our two economies have become deeply intertwined over the past two decades, and there are going to be very serious consequences now that we are rapidly becoming bitter enemies.  Anyone that doesn’t see this is simply not being rational.

As I have detailed repeatedly in recent months, the global economy has already entered a very serious slowdown.  One of the only things that could reverse our economic momentum in the short-term would be a comprehensive trade agreement between the United States and China.  But now that our relationship with China has been destroyed, there isn’t going to be a deal.

Some mainstream news sources are reporting that all of this rancor about Hong Kong could delay a trade deal, but that is just more wishful thinking.

Over in China, they are being much more realistic.  In fact, the editor of the Global Times, Hu Xijin, just said that the Chinese are “prepared for the worst-case scenario“…

Few Chinese believe that China and the US can reach a deal soon. Given current poor China policy of the US, people tend to believe the significance of a trade deal, if reached, will be limited. China wants a deal but is prepared for the worst-case scenario, a prolonged trade war.

And he followed that up with another tweet that openly taunted U.S. farmers…

So a friendly reminder to American farmers: Don’t rush to buy more land or get bigger tractors. Wait until a China-US trade deal is truly signed and still valid six months after. It’s safer by then.

As the two largest economies on the entire planet decouple from one another, it is going to cause global economic activity as a whole to dramatically slow down.  Corporate revenues will fall, credit markets will start to tighten, and fear will increasingly creep into global financial markets.

I have repeatedly warned that conditions are ideal for our first major crisis since 2008, and this conflict with China could be more than enough to push us over the edge.

And already we are getting more bad economic news day after day.  For example, we just learned that U.S. rail traffic this month is way down compared to last year…

Nowhere is the slowdown in the U.S. economy more obvious than in places like Class 8 Heavy Duty Truck orders and rail traffic. We already wrote about how Class 8 orders continued to fall in October and new data the American Association of Railroads (AAR) now shows that last week’s rail traffic and intermodal container usage both plunged.

The AAR reported total carloads for the week ended Nov. 9 came in at 248,905, down 5.1% compared with the same week in 2018. U.S. weekly intermodal volume was 266,364 containers and trailers, down 6.7% compared to 2018, according to Railway Age.

Unless a miracle happens with China, the economic numbers are going to continue to get worse.

Sadly, a miracle seems exceedingly unlikely now.  As I pointed out in part one, the only way that our relationship with China can be fixed is if Congress repeals the bill that it just passed, and there is no way that is going to happen.

And we better hope that our trade war with China doesn’t escalate into a real war at some point.

According to a report that was released earlier this year, we are very ill-prepared to fight any sort of a conventional war with China in the Western Pacific…

The University of Sydney’s United States Studies Centre’s new report Averting Crisis, said: ‘China’s growing arsenal of accurate long-range missiles poses a major threat to almost all American, allied and partner bases, airstrips, ports and military installations in the Western Pacific.

‘As these facilities could be rendered useless by precision strikes in the opening hours of a conflict, the PLA missile threat challenges America’s ability to freely operate its forces from forward locations throughout the region.’

In addition, U.S. military officials are deeply concerned by how rapidly China has been upgrading their strategic nuclear arsenal.  For example, they now possess a “submarine-launched missile capable of obliterating San Francisco”…

China has tested a new submarine-launched missile capable of obliterating San Francisco, an insider has revealed, in a massive boost to the country’s ‘deterrent’.

The Chinese navy tested its state-of-the-art JL-3 missile in Bohai Bay in the Yellow Sea last month, sources said.

The nuclear-capable missile has a 5,600 mile range, significantly longer than its predecessor the JL-2, which could strike targets 4,350 miles away.

We certainly aren’t at that point yet, but without a doubt the Chinese now consider us to be their primary global enemy.

For the moment, it is just a “cold war” that we are facing, and the Chinese are quite adept at playing global chess.  They have lots of ways that they can hurt us, and most Americans don’t realize this.

But in the end nobody is going to “win” this conflict, and the entire planet is going to suffer.

Collectively, the economies of the United States and China account for approximately 40 percent of the GDP of the entire world.

As we cause chaos for one another, everyone else is going to experience tremendous pain as well.

The stage is set for a global nightmare, and at this point it doesn’t appear that there is a way that we will be able to escape it.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

U.S. Relations With China Were Just Destroyed, And Nothing Will Ever Be The Same Again

Our relationship with China just went from bad to worse, and most Americans don’t even realize that we just witnessed one of the most critical foreign policy decisions of this century. The U.S. Senate just unanimously passed the “Hong Kong Human Rights and Democracy Act of 2019”, and the Chinese are absolutely seething with anger.  Violent protests have been rocking Hong Kong for months, and the Chinese have repeatedly accused the United States of being behind the protests.  Whether that is true or not, the U.S. Senate has openly sided with the protesters by passing this bill, and there is no turning back now.

The protesters in Hong Kong have been waving American flags, singing our national anthem and they have made it exceedingly clear that they want independence from China.  And all of us should certainly be able to understand why they would want that, because China is a deeply tyrannical regime.  But to the Chinese government, this move by the U.S. Senate is essentially an assault on China itself.  They are going to argue that the U.S. is inciting a revolution in Hong Kong, and after what the Senate has just done it will be very difficult to claim that is not true.

The Chinese take matters of internal security very seriously, and the status of Hong Kong is one of those issues that they are super sensitive about.  China will never, ever compromise when it comes to Hong Kong, and if the U.S. keeps pushing this issue it could literally take us to the brink of a military conflict.

And you can forget about a comprehensive trade agreement ever happening.  Even if a Democrat is elected in 2020, that Democrat is going to back what the Senate just did.  That is why it was such a major deal that this bill passed by unanimous consent.  It sent a message to the Chinese that Republicans and Democrats are united on this issue and that the next election is not going to change anything.

And the trade deal that President Trump was trying to put together was already on exceedingly shaky ground.  “Phase one” was extremely limited, nothing was ever put in writing, and nothing was ever signed.  And in recent days it became quite clear that both sides couldn’t even agree about what “phase one” was supposed to cover…

A spokesperson for China’s Commerce Ministry said earlier this month that both countries had agreed to cancel some existing tariffs simultaneously. Trump later said that he had not agreed to scrap the tariffs, lowering hopes for a deal.

“They’d like to have a rollback. I haven’t agreed to anything,” the president said.

On Tuesday, Trump was visibly frustrated by how things are going with China, and he publicly warned the Chinese that he could soon “raise the tariffs even higher”…

President Donald Trump threatened higher tariffs on Chinese goods if that country does not make a deal on trade.

The comments came during a meeting with the president’s Cabinet on Tuesday. The U.S. and China, the world’s two largest economies, have been locked in an apparent stalemate in trade negotiations that have lasted nearly two years.

“If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said in the meeting.

Unfortunately, raising tariffs isn’t going to fix anything at this point.

In fact, Trump can raise tariffs until the cows come home but it isn’t going to cause the Chinese to budge.

That is because on Tuesday evening everything changed.

When they passed the “Hong Kong Human Rights and Democracy Act of 2019” by unanimous consent, the U.S. Senate essentially doused our relationship with China with kerosene and set it on fire.  The following comes from Zero Hedge…

In a widely anticipated move, just after 6pm ET on Tuesday, the Senate unanimously passed a bipartisan bill, S.1838,  showing support for pro-democracy protesters in Hong Kong by requiring an annual review of whether the city is sufficiently autonomous from Beijing to justify its special trading status. In doing so, the Senate has delivered a warning to China against a violent suppression of the demonstrations, a stark contrast to President Donald Trump’s near-silence on the issue, the result of a behind the scenes agreement whereby China would allow the S&P to rise indefinitely as long as Trump kept his mouth shut.

As we reported last week, the vote marks the most aggressively diplomatic challenge to the government in Beijing just as the US and China seek to close the “Phase 1” of their agreement to end their trade war. The Senate measure would require annual reviews of Hong Kong’s special status under U.S. law to assess the extent to which China has chipped away the city’s autonomy; in light of recent events, Hong Kong would not pass. It’s unclear what would happen next.

I am finding it difficult to find the words to describe what this means to the Chinese.

We have deeply insulted their national honor, and our relationship with them will never be the same again.

Many will debate whether standing up to China on this issue was the right thing to do, but in this article I am trying to get you to understand that there will be severe consequences for what the U.S. Senate just did.

There isn’t going to be a comprehensive trade deal, the global economy is going to suffer greatly, and the Chinese now consider us to be their primary global adversary.

Shortly after the Senate passed the bill, a strongly worded statement was released by the Chinese government.  The following excerpt comes from the first two paragraphs of that statement…

On November 19th, the US Senate passed the “Hong Kong Bill of Rights on Human Rights and Democracy.” The bill disregards the facts, confuses right and wrong, violates the axioms, plays with double standards, openly intervenes in Hong Kong affairs, interferes in China’s internal affairs, and seriously violates the basic norms of international law and international relations. The Chinese side strongly condemns and resolutely opposes this.

In the past five months, the persistent violent criminal acts in Hong Kong have seriously jeopardized the safety of the public’s life and property, seriously trampled on the rule of law and social order, seriously undermined Hong Kong’s prosperity and stability, and seriously challenged the bottom line of the “one country, two systems” principle. At present, what Hong Kong faces is not the so-called human rights and democracy issues, but the issue of ending the storms, maintaining the rule of law and restoring order as soon as possible. The Chinese central government will continue to firmly support the Hong Kong SAR Government in its administration of the law, firmly support the Hong Kong police in law enforcement, and firmly support the Hong Kong Judiciary in punishing violent criminals in accordance with the law, protecting the lives and property of Hong Kong residents and maintaining Hong Kong’s prosperity and stability.

For a long time I have been warning that U.S. relations with China would greatly deteriorate, and this is the biggest blow that we have seen yet.

The U.S. and China are now enemies, and ultimately that is going to result in a tremendous amount of pain for the entire planet.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

The Shocking Truth About Trump’s “Trade Deal” With China

We have a trade deal with China!  Well, except that nothing has actually been written down, nothing has actually been signed, the potential deal won’t really require any major concessions from China, but it did allow the Chinese to achieve a couple of key goals that they really wanted.  But other than that, the good news is that the Trump administration now has a “trade deal with China” to tout as a “major accomplishment” to voters.  And without a doubt, in the short-term this will calm the financial markets and ease some of the pressures on the global economy.  Certainly it appears that there should be no further escalations in our trade war with China over the next few months, and that is definitely a bit of good news worth celebrating.  Following the announcement of this potential deal, stock prices started surging, and the Dow Jones Industrial Average ended the day up more than 300 points.  We haven’t seen this much optimism on Wall Street in some time, and things certainly seem brighter for investors in the short-term.

But let there be no doubt – this is not even remotely in the neighborhood of being the sort of “comprehensive trade deal” that the Trump administration originally wanted.

Instead, it is a very, very limited potential deal that is still being worked on…

President Donald Trump announced a trade deal, in principle, on Friday afternoon with Chinese Vice Premier Liu He the U.S. says will be rolled out in two or three parts.

The agreement postpones a tariff increase scheduled for Oct. 15 and could halt additional penalties scheduled to go into effect just before Christmas.

‘We’ve come to a deal, pretty much. Subject to getting it written,’ said Trump in the Oval Office of what he described as phase one.

Oh, it isn’t actually “written” yet.

Apparently, phase one of this “trade deal” will be written over the next three weeks.

But most Americans don’t pay attention to the details, and all they will hear is that we have a “trade deal with China”, and that will certainly help Donald Trump politically.

So when phase one is eventually put down on paper, what will it actually do?

Well, the truth is that it won’t actually do very much…

The initial deal, which Mr. Trump said had been reached “in principle” would involve China buying $40 billion to $50 billion worth of American agricultural products, along with agreeing to guidelines on how it manages its currency. The agreement also includes some provisions on intellectual property, including forced technology transfer and would give American financial services firms more access to China’s market, the president said.

In exchange, the United States will not go ahead with plans to raise tariffs on $250 billion worth of Chinese goods to 30 percent next week.

We’ll see what the “provisions on intellectual property” ultimately look like, and I have to say that I am skeptical, but if China agreed to some substantial changes in this area that could potentially be a positive thing for U.S. companies.

But other than that, this “deal” seems very tilted toward the Chinese.

For China, one of the main goals in these negotiations was to get the Trump administration to roll back the tariffs that were about to be implemented and to get the Trump administration to agree not to impose any additional tariffs.  These tariffs are very damaging for the Chinese economy and are the primary instrument of leverage that the Trump administration possesses in this trade war.

So for China to be able to essentially get a freeze on tariffs was a big win for them.

Without the threat of more tariffs, the Chinese can continue to run out the clock on the Trump administration and wait for a Democrat to be elected in 2020.  The Chinese will continue to do a lot of “talking” and “negotiating”, but they won’t agree to any sort of a comprehensive trade agreement until they can get someone that they consider to be more “reasonable” in the White House.

Oh, but we really stuck it to them by forcing them to purchase “$40 billion to $50 billion worth of American agricultural products”, didn’t we?

Well, no, we didn’t.

Let me tell you a secret.

The Chinese actually want to buy our agricultural products.  In fact, since millions upon millions of their pigs have been dying from African Swine Fever, the truth is that they desperately need U.S. pork products.

So this is essentially a case of throwing the Chinese into “the briar patch”.  The Chinese knew that our farmers desperately need to sell our agricultural products to them, and so they quit buying them temporarily in order to get leverage on the Trump administration.  But this is something that the Chinese were always going to compromise on, because they have a great need for what our farmers are producing.

In the short-term, this is a big win for the Chinese, it is a win for U.S. farmers, and it is a win for the Trump administration because they now have their “trade deal with China” and the stock market is soaring once again…

Stocks ended higher Friday after President Donald Trump said China and the U.S. reached the first phase of a substantial trade deal that delays tariff hikes that were set to kick in next week.

The Dow closed 319 points higher, while the S&P 500 rose 1.1% and the Nasdaq gained 1.3%. The gains helped the Dow and S&P 500 snap a three-week losing streak. The Dow and S&P 500 gained 0.9% and 0.6%, respectively, for the week. The Nasdaq ended the week up 0.9%.

But it appears that this trade deal doesn’t really do much of anything to address our long-term problems with China, and we are being told that “expectations for a major breakthrough” are “still low”…

Beijing’s vice premier is in Washington leading the 13th round of negotiations with Mnuchin and U.S. Trade Representative Robert Lighthizer. Expectations for a major breakthrough in the 15-month standoff are still low.

The two sides are deadlocked primarily over the Trump administration’s assertions that China steals technology and pressures foreign companies to hand over trade secrets as part of a sharp-elbowed drive to become the global leader in robotics, self-driving cars and other advanced technology.

In the end, this very limited “deal” gives the Chinese what they want in the short-term and it allows them to continue to delay any sort of resolution on the most important trade issues.

The Chinese got just what they wanted, but here in the United States it will be spun as a big win for Trump by the White House.

And Trump certainly needs some good news right now, and so it is hard to blame him for grabbing this deal.

But let’s not lose sight of what is really going on here.  The coming tariffs have been put on hold, and meanwhile no “agreement” has even been drafted yet.  I think that the current state of affairs was summarized very well by Sven Henrich…

We have no agreement.
We have nothing in writing.
We have agreed to discuss a process on how to consult during which we will discuss what to agree upon.

Now get ready for phase 2 and meeting #14.

Trade wars are easy, didn’t I tell you?

And nothing that happened this week has changed the long-term outlook (#ad) even one bit.

The global economy is still slowing down, and our financial system is still the most vulnerable that it has been since the crisis of 2008.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep.  I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters.  (#CommissionsEarned)  By purchasing those books you help to support my work.  I always freely and happily allow others to republish my articles in written form on their own websites as long as this “About the Author” section is included.  In order to comply with government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished.  This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate.  You can follow me on social media on Facebook and Twitter.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of this website.

 

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