Food Banks Warn They Will Soon Run Out Of Food As Economic Suffering Explodes All Over America

What are hungry Americans going to do when the food banks don’t have any more food for them?  Over the past couple of weeks, we have witnessed the largest spike in unemployment in all of U.S. history.  Since most of those workers did not have any sort of a cushion to fall bank on, a lot of of them have been forced to seek out emergency assistance for themselves and their families almost immediately.  Of course our national network of food banks was not built to handle this sort of a scenario, and as you will see below, many of them are already starting to run out of food.  But if things are this bad at the very beginning of this new economic downturn, what are things going to look like a few months from now?

It is imperative for people to understand that we are now in uncharted territory.  At this point, even the head of the IMF is warning that this new economic crisis will be “way worse” that the last recession…

The coronavirus pandemic has created an economic crisis “like no other” — one that is “way worse” than the 2008 global financial crisis, the International Monetary Fund’s top official said Friday.

“Never in the history of the IMF have we witnessed the world economy come to a standstill,” Kristalina Georgieva, managing director of the IMF, said at a news conference.

And of course we are already seeing economic numbers in the United States that absolutely blow away anything that we witnessed back in 2008 and 2009.  I don’t know that any of us ever anticipated seeing a single week when 6.6. million Americans would file new claims for unemployment benefits.

As this “coronavirus shutdown” continues all over the nation, U.S. economic numbers will continue to be nightmarish for the foreseeable future.  In fact, what Morgan Stanley is projecting for the second quarter is nothing short of terrifying

Following Friday’s report, Ellen Zentner, chief U.S. economist at the New York-based investment bank Morgan Stanley, lowered her growth forecast for second-quarter gross domestic product to -38 percent on an annualized basis. She says the U.S. economy will lose 21 million jobs, running the unemployment rate up to 15.7 percent, a level not seen since the Great Depression.

Of course the people that are going to feel the most pain are those on the lowest rungs of the economic food chain.

According to Bloomberg, “bread lines are forming” even in some of the wealthiest areas of the country…

With more than 10 million people across the nation suddenly unemployed, bread lines are forming in the shadows of privileged enclaves like this one in Florida.

For the past two weeks, the kitchen staff at Howley’s has been cooking up free meals—the other day it was smoked barbecue chicken with rice and beans, and salad—for thousands of laid off workers from Palm Beach’s shuttered restaurants and resorts. The rows of brown-bag lunches and dinners are an early warning that the country’s income gap is about to be wrenched wider as a result of the Covid-19 crisis, and the deep recession it has brought with it.

Elsewhere, vehicles are lining up at the crack of dawn at food banks all across the United states.

Feeding America is the largest food bank network in the nation, and the demand that they are seeing right now is unprecedented

Millions of people newly unemployed mean food banks, food pantries and soup kitchens are seeing a flood of new clients appearing at their doors, just as supplies are dwindling because of growing demand from consumers stuck at home.

Food banks are reporting a 40% increase in demand, on average, said Katie Fitzgerald, chief operating officer at Feeding America, a network of 200 food banks and 60,000 food pantries and meal programs nationwide. Some say they are seeing double to quadruple the number of people asking for help.

Unfortunately, this is happening at the same time that donations to food banks are way, way down.  Feeding America locations are usually heavily supplied by major retailers, and right now those retailers are having a really difficult time keeping their own shelves stocked.

As a result, Fitzgerald is warning that some Feeding America locations may soon “not have enough food to distribute”

“Food banks could very well get so low on their inventories that they would not have enough food to distribute,” she said.

Louisiana has become one of the national hotspots of the coronavirus outbreak, and things there are particularly dire.

In fact, the head of the Greater Baton Rouge Food Bank says that his facility only has “a few weeks left of food”

Mike Manning, president of the food bank, said its usual sources of food for the needy in 11 parishes are drying up, as residents stock up their refrigerators and shelves at home during the coronavirus pandemic.

“Our inventory is down significantly,” Manning said Thursday. “We’re looking at a few weeks left of food, unless we can find relief from the federal government and Feeding America,” a national network of more than 200 food banks.

But at least they haven’t had to turn anyone away yet.

At the Greater Pittsburgh Community Food Bank, hundreds of vehicles have been turned away in recent days…

The Greater Pittsburgh Community Food Bank provided food to about 4,000 vehicles at three recent events, but had to turn hundreds away. Traffic was backed up for miles, said Lisa Scales, the agency’s CEO.

On Monday, 40 cars had already lined up by 9 am ET, even though distribution didn’t start until noon. More than 800 vehicles ended up receiving boxes of groceries.

The longer this “coronavirus shutdown” lasts, the deeper the desperation is going to become.

And even once the “shelter-in-place” orders have finally been lifted, one recent survey found that most Americans plan to continue to hunker down

A majority of Americans are hunkering down and say they will continue to social distance or stay at home even if lockdown orders are lifted, according to a new poll.

While 87% of the American public is staying home — regardless of whether or not it’s mandated by state or local municipalities — most plan on continuing to do so for all of April, according to the poll taken by the Huffington Post/YouGov survey.

So the truth is that there will not be a return to “normal” any time soon.

As long as a substantial portion of the population is afraid of the coronavirus, economic behavior is simply not going to go back to old patterns.

And the same survey that I just quoted found that a staggering 62 percent of all Americans believe that this pandemic will have “lasting effects on the nation”

“Only about one-quarter of Americans say they expect things will soon go back to normal in the country, with 62% foreseeing lasting effects on the nation. The rest are unsure what will happen.”

In the days ahead, there will be economic ups and downs, and financial markets will continue to fluctuate wildly, but the truth is that the “good times” are gone for good.

And remember, this coronavirus is just the beginning, and a lot more challenges are on the way.

As “the perfect storm” unfolds, please don’t forget those that warned you about all of these things in advance.

These are truly unprecedented times, and the level of economic suffering that we are already witnessing is off the charts.

Sadly, the pain for ordinary Americans in only just getting started, and that is going to have enormous implications for our society as a whole.

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 BlogEnd 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 EndGet 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. 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.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

This Is What Economic Collapse Looks Like

Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks.  To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000.  So needless to say, 6.6 million claims in a single week puts us in uncharted territory.  Just check out this chart.  We have never seen a week like this before, and we may never see a week quite this bad again.  Of course millions more jobs will be lost in the months ahead as this pandemic stretches on, but it is hard to imagine another spike like we just had.  When you add the last two weeks together, somewhere around 10 million Americans have filed new unemployment claims during that time period…

The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday. That brings to 10 million the total Americans who filed over the past two weeks.

Economists surveyed by Dow Jones had expected 3.1 million for last week, one week after 3.3 million filings in the first wave of what has been a record-shattering swelling of the jobless ranks. The previous week’s total was revised higher by 24,000.

As I have documented repeatedly in my articles, survey after survey has shown that most Americans were living paycheck to paycheck even during the “good times”.

Now that those paychecks aren’t coming in anymore for millions of Americans, a lot of bills aren’t going to get paid.

Just like we witnessed in 2008, mortgage defaults are about to skyrocket, and Wall Street is bracing for the worst

Borrowers who lost income from the coronavirus, which is already a skyrocketing number as the 10 million new jobless claims in the past two weeks attests, can ask to skip payments for as many as 180 days at a time on federally backed mortgages, and avoid penalties and a hit to their credit scores. But as Bloomberg notes, it’s not a payment holiday and eventually homeowners they’ll have to make it all up.

According to estimates by Moody’s Analytics chief economist Mark Zandi, as many as 30% of Americans with home loans – about 15 million households – could stop paying if the U.S. economy remains closed through the summer or beyond.

As I noted yesterday, the St. Louis Fed expects the unemployment rate to eventually hit 32 percent.  That won’t happen immediately, but if we do get there it will be worse than anything that we witnessed during the Great Depression of the 1930s.

Because of all the shutdowns that have been instituted nationwide, economic activity has already dropped to levels that we have never seen before in our entire history.

Personally, I was absolutely astounded when the latest box office numbers were released

The Domestic Box office (movie theaters) brought in a whopping $5,179 for the week of Mar 20-26. Down 100% from $204,193,406 the same week a year ago… These numbers are just incredible.

And even once all the “shelter-in-place” orders have finally been lifted, a substantial portion of the population will not want to go to movie theaters anymore due to fear of catching the virus.

Many movie theaters that have closed down will simply never open up again.

Another thing that has really surprised me is how rapidly many Americans have run out of food.  A Daily Mail article that documented a line of vehicles a half mile long at a church in Orlando that was giving out food received a lot of attention today…

Today, the hundreds of families flocking to a church parking lot across town from Orlando’s iconic resorts and theme parks are here for a starkly different reason: survival.

‘In the amusement parks, the purpose or the outcome is about having joy or a thrill,’ says mom-of-three Glenda Hernandez, winding down her window to speak with a DailyMail.com reporter.

‘This is about having a child’s belly full for the night or the next couple of nights on whatever they give us.’

How is it possible that so many families are out of food already?

And apparently charities and food banks all over the country are seeing similar surges in demand.  Here are just a few examples that were shared by the Guardian

  • In Amherst, home to the University of Massachusetts’ largest campus, the pantry distributed 849% more food in March compared with the previous year. The second-largest increase in western Massachusetts was 748% at the Pittsfield Salvation Army pantry.
  • The Grace Klein community food pantry in Jefferson county, which has the largest number of confirmed Covid-19 cases in Alabama, provided 5,076 individuals with food boxes last week – a 90% increase on the previous week.
  • In southern Arizona, demand has doubled, with pantries supplying groceries to 4,000 households every day – double the number supplied in March 2019. “We saw an increase during the federal government shutdown but nothing as rapid, massive or overwhelming as this,” said Michael McDonald, CEO of the Community Food Bank of South Arizona.

If things are this bad already, how much worse will the suffering be a month or two down the road?

Meanwhile, U.S. farmers are facing problems of their own.

Because of all the shutdowns, it has been difficult for farmers to get enough workers into their fields.  The following comes from CNN

April and May are critical planting and harvesting times for many US farmers. They need skilled laborers to work their fields, and a reliable supply chain to deliver their goods. And they don’t have any time to waste.

If farmers can’t find enough workers or if their farming practices are disrupted because of the pandemic, Americans could have less or pricier food this summer. And because international farmers and their supply chains face similar problems, we could receive fewer food imports, potentially limiting supply and driving up prices.

Of course the main thing that is going to drive up prices is the fact that the system is being absolutely flooded with new money.  Many Americans have applauded the recent moves by the Federal Reserve, and just about everyone seems thrilled that big government checks are coming, but they won’t be so thrilled when a loaf of bread costs five dollars and a gallon of milk costs ten dollars.

As the virus spreads, many are concerned that it will sweep through low wage communities particularly hard, and that is a huge problem because low wage workers are absolutely vital all along the food chain

By law, food manufacturers must prevent anyone who is sick or has a communicable disease from handling, processing or preparing food for human consumption. But much of the food supply chain is staffed by low-wage workers, many of them undocumented immigrants with limited ties to health services.

So what are we going to do if there are not enough healthy workers to get our food from the farms to our dinner tables?

Already, confirmed cases are starting to pop up at quite a few food production facilities

The first case of a worker at a major U.S. meat producer testing positive for the virus was reported last week at poultry giant Sanderson Farms Inc. Since then, infections have cropped up everywhere from JBS SA plants in Iowa to Harmony Beef in Alberta.

While scattered factories have closed temporarily or cut output, generally companies are keeping plants running when workers get sick. Rather than shutting entire plants, they’ve focused on identifying areas where infected people have had direct contact.

Fear of the coronavirus is going to paralyze even “essential” industries such as food production.

We are now being told that authorities hope that cases peak in April and that this crisis will hopefully be behind us by June.  Let us pray that is true, but what most Americans don’t realize is that this pandemic is just the beginning.

Even before any of us ever heard of “COVID-19”, our world was already descending into madness, but now this pandemic has certainly accelerated things.

Millions of Americans have already lost their jobs, and the days ahead are going to be exceedingly challenging.

This is what an economic collapse looks like, and it is just getting started.

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 BlogEnd 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 EndGet 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. 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.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

The U.S. Government Is Preparing For An 18 Month Pandemic And “Critical Shortages”

Are you prepared for the nationwide shutdown that is happening now to last for the next 18 months?  You may not believe that such a thing will happen, but the federal government apparently does.  A 100 page government plan marked “For Official Use Only // Not For Public Distribution or Release” was obtained by the New York Times, and it paints a very bleak picture of what is coming.  If the projections in this document are anywhere close to accurate, large numbers of Americans will die, the U.S. economy will completely implode, and we will see widespread civil unrest.  So let us pray that the assessments in this government plan turn out to be dead wrong.

According to the document, this coronavirus pandemic “will last 18 months or longer”

A federal government plan to combat the coronavirus warned policymakers last week that a pandemic “will last 18 months or longer” and could include “multiple waves,” resulting in widespread shortages that would strain consumers and the nation’s health care system.

The 100-page plan, dated Friday, the same day President Trump declared a national emergency, laid out a grim prognosis for the spread of the virus and outlined a response that would activate agencies across the government and potentially employ special presidential powers to mobilize the private sector.

I can’t even imagine what our country would look like if current conditions stretched into the middle of 2021.

As a nation, I don’t believe that we would be able to handle it.

The document also envisions that there will be “critical shortages”

“Shortages of products may occur, impacting health care, emergency services, and other elements of critical infrastructure,” the plan warned. “This includes potentially critical shortages of diagnostics, medical supplies (including PPE and pharmaceuticals), and staffing in some locations.” P.P.E. refers to personal protective equipment.

Of course there are already shortages of some drugs and of many basic consumer products such as toilet paper.

Sadly, things could soon get much worse.

Meanwhile, the overall economy continues to collapse at a staggering pace.  A former economic adviser to President Trump is now warning us that the U.S. economy could lose up to a million jobs this month alone

Kevin Hassett, who served as a top economic adviser to President Trump until last summer, said Monday that the United States economy could shed as many as one million jobs in March alone because of layoffs and hiring freezes related to the coronavirus.

“If you have normal job disruption, and hiring just stops,” Mr. Hassett said, “you’ll have the worst jobs number ever.”

But if this pandemic continues to escalate, a million jobs lost will just be a drop in the bucket.

In fact, the National Restaurant Association is now projecting that their industry will lose “between five and seven million jobs”

The National Restaurant Association is predicting the unprecedented carnage is only just beginning, on Wednesday writing a letter to the White House and Congress detailing an estimated $225 billion in sales will be wiped out over the next three months, crucially prompting the loss of between five and seven million jobs.

Remember, that is just one industry.

The retail industry is also being completely devastated as well, and we just learned that the largest operator of shopping malls in the United States is shutting them all down

Simon Property Group, the largest owner of shopping malls in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak.

The closings start at 7 p.m. local time Wednesday and the malls are expected to end March 29, the Indianapolis-based company said in a news release.

Of course they won’t actually open back up on March 29th if this pandemic continues to get worse.

So far, COVID-19 has killed less than 200 Americans.

If our society is being this disrupted now, what will things be like if the death toll becomes 1,000 times larger?

For years, I have warned that our economy was extremely vulnerable, and now that is becoming exceedingly obvious to everyone.  It certainly didn’t take too much of a push to burst all the bubbles and send everyone into a severe panic, and now the economy is collapsing at a pace that is absolutely breathtaking.

According to NBC News, state unemployment websites all over the nation are crashing because so many people are suddenly applying for unemployment benefits…

Workers who have suddenly found themselves without a paycheck because of the growing coronavirus pandemic in the United States are now dealing with another frustration — state unemployment websites crashing because of high traffic.

From Oregon to New York and Washington, D.C., officials and Twitter users have highlighted the problem after the mass closing of restaurants, retail stores and other businesses as part of the effort to slow the spread of the virus.

Tomorrow morning most Americans will wake up assuming that their jobs are safe.  But right now an increasing number of people are being let go without any advance warning whatsoever.  Here is one example

Eileen Hanley was wrapping up her weekend and getting ready for the week ahead on Sunday evening when an email popped up in her inbox with the subject line “COVID-19 uncertainty.” It was from her boss at the small Manhattan law firm where she worked part time as a receptionist.

“We hope you are feeling well during this time,” the email began. Then it cut to the chase: The firm was losing revenue because of the outbreak, and it would have to eliminate “a number of positions,” including hers, “effective immediately.”

We have never seen anything like this before.

Things were tough during World War II, but it was actually a time when the country geared up and worked extremely hard to defeat the enemy.

But now economic activity all over America is being brought to a screeching halt.  In fact, we just learned that the three largest automakers have shut down all of their U.S. factories

Detroit’s Big Three automakers plan to temporarily close all U.S. factories as the coronavirus sweeps across the country.

The companies bowed to pressure from union leaders and employees who called for protection from the pandemic that’s spread to more than 212,000 people in nearly every country across the globe.

As a nation, we would survive a 30 day shutdown.

But if life doesn’t get back to normal for “18 months”, we are going to witness a societal meltdown of epic proportions.

This week, investor Bill Ackman told CNBC that “hell is coming”, and he warned that unless the entire country is shut down simultaneously for an extended period of time “America will end as we know it”…

“What’s scaring the American people and corporate America now is the gradual rollout,” Ackman told Scott Wapner on “Halftime Report” on Wednesday. “We need to shut it down now. … This is the only answer.”

“America will end as we know it. I’m sorry to say so, unless we take this option,” he said. Ackman added that if Trump saves the country from the coronavirus, he will get reelected in November.

I believe that he makes an excellent point, but I would take it one step further.

If the entire world shut down for 30 days, this pandemic would quickly be brought under control.  If only the U.S. shuts down, it is inevitable that the virus would keep coming back into the country as the pandemic continues raging elsewhere on the globe.

Of course we aren’t going to get the entire globe to agree to shut down simultaneously for 30 days.

So this outbreak will continue to spread and the case numbers will continue to grow.

For a long time I have been warning that something would come along that would burst all the bubbles and trigger a horrifying economic meltdown.

Now it is upon us, but now is not a time for fear.

With God’s help, we will get through this.

But life is not going to go back to the way it was before.

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 BlogEnd 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 EndGet 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.

For The 3rd Time This Month, We Just Witnessed The Largest Single Day Point Crash In Stock Market History

We are literally witnessing history in the making.  For the third time in the last six trading sessions, we have witnessed the largest single day point crash in stock market history.  Let that sink in for a moment.  On March 9th, the Dow set a new record by falling 2,013 points.  Then on March 12th, the Dow set a new record again by falling 2,352 points.  Of course what happened on Monday was the biggest whopper of them all.  The Dow Jones Industrial Average was down 2,997 points, and words like “carnage” and “devastation” don’t seem to be strong enough to convey that horror that took place.  To put all of this into perspective, the largest single day point crash during the last financial crisis was just 777 points.  That means that the crash that we witnessed on Monday was nearly four times as large as the worst single day point crash in 2008.

Of course all of this volatility is being driven by fear of the coronavirus.  Even though less than 100 Americans have died so far, investors are completely freaking out.

So what will happen if thousands or even millions of us start dying?

On a percentage basis, the nightmare that we watched unfold on Monday was the worst day for stocks since “Black Monday” in 1987

Stocks fell sharply Monday — with the Dow suffering its worst day since the “Black Monday” market crash in 1987 and its third-worst day ever — even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

The Dow Jones Industrial Average closed 2,997.10 points lower, or 12.9%, at 20,188.52. The 30-stock Dow was briefly down more than 3,000 points in the final minutes of trading. The S&P 500 dropped 12% to 2,386.13 — hitting its lowest level since December 2018 — while the Nasdaq Composite closed 12.3% lower at 6,904.59 in its worst day ever.

Overall, the Dow is now down more than 31 percent from the all-time high set earlier this year.

If you can believe it, all of the tremendous stock market gains that we have witnessed over the last three years have been completely wiped out in just 18 trading days.

Ouch.

Banking stocks were hit particularly hard once again on Monday.  Bank of America and JPMorgan Chase were each down more than 14 percent, Morgan Stanley was down more than 15 percent, and Citigroup was down more than 19 percent.

Remember, those are not figures for the entire year.

Those are figures for one day.

Of course the utter carnage was not just limited to stocks.  The following is how Zero Hedge summarized some of the other losses that we witnessed…

  • STOXX EUROPE 600 ENDS DOWN 4.9%, LOWEST CLOSE SINCE MID-2013
  • SOUTH AFRICA’S FTSE/JSE INDEX FALLS AS MUCH AS 12.2%, MOST EVER
  • MUNI BONDS EXTEND WORST ROUT SINCE 1987
  • COPPER SLUMPS AS MUCH AS 5.2% AMID WEAKENING RISK APPETITE
  • BRENT CRUDE OIL PLUNGES BELOW $30 FOR FIRST TIME SINCE 2016
  • SILVER PLUNGES TO 2011 LOWS
  • U.S. WHOLESALE GASOLINE PRICES PLUNGE 21%
  • HYG WORST DROP SINCE 2008
  • LQD WORST DROP SINCE 2008

The good news is that there is often a hefty rebound after a historic decline of this magnitude.  It appears that stock prices will likely shoot back up a good bit on Tuesday, and that will temporarily soothe a lot of frazzled nerves.

But this coronavirus pandemic is not going away any time soon.  Over the past couple of days, restaurants and bars have been shut down across the nation, schools have been shuttered for the foreseeable future, and it has been announced that the entire city of San Francisco will be locked down.

As virtually all forms of activity come to a standstill all over America, our economic numbers are going to absolutely collapse.

In fact, on Monday we got a sneak preview of what is coming

The New York Fed’s Empire State business conditions index plunged a record 34.4 points to -21.5 in March, the regional Fed bank said Monday. Economists had expected a reading of 4.8, according to a survey by Econoday. This is the lowest level since the financial crisis in 2009.

As we plunge into a truly horrifying economic downturn, businesses all over the country are already crying out for bailouts.

We are now being told that many airlines could be bankrupt by May, and a 50 billion dollar aid package for the industry has already been requested

US airlines slammed by the coronavirus are requesting an aid package from the federal government that could amount to about $50 billion, according to industry group Airlines for America.

The requested aid would be in the form of loans, grants and tax relief. The airlines are looking for up to $25 billion in grants for passenger air carriers and $4 billion in grants to cargo carriers, and the same amounts in loans or loan guarantees, Airlines for America outlined in a briefing document.

Meanwhile, thousands upon thousands of ordinary U.S. citizens are already losing their jobs.  For example, just check out what is currently transpiring in New York

New York’s unemployment website was overwhelmed Monday as the coronavirus pandemic put tens of thousands of people across the state out of work.

A drastic move by Gov. Cuomo to close all of the state’s restaurants, bars, movie theaters, gyms and casinos by 8 p.m. Monday to contain the outbreak had suddenly jobless workers flooding the Department of Labor with applications for unemployment benefits.

This will soon be happening all over the nation.

So how many jobs could ultimately be lost if this pandemic stretches on for quite a while?

According to Moody’s Analytics, millions of jobs are potentially at risk…

Nearly 80 million jobs in the US economy are at high or moderate risk today, according to analysis in the last week from Moody’s Analytics. That’s more than half of the 153 million jobs in the economy overall.

That doesn’t mean that all those jobs will be lost. But it’s probable that as many as 10 million of those workers could see some impact to their paychecks — either layoffs, furloughs, fewer hours or wage cuts, said Mark Zandi, chief economist at Moody’s Analytics.

Needless to say, there is going to be enormous pressure for the federal government to “do something”, and U.S. Senator Mitt Romney has “joined a growing chorus of liberal and conservative economists” in calling for $1,000 to be given to every adult in America

On Monday, Sen. Mitt Romney (R-Utah) joined a growing chorus of liberal and conservative economists are lining up behind a proposal published in the Wall Street Journal by Harvard professor Jason Furman, who chaired the Council of Economic Advisers (CEA) under President Obama, that calls for direct government payments of $1,000 to every American adult.

Why not make it $10,000?

We could all use some extra cash.

Of course once this sort of thing starts happening, it won’t be too long before a loaf of bread costs ten dollars and a gallon of milk costs 20 dollars.

Flooding the system with money at a time when economic activity is contracting very sharply will inevitably cause very painful inflation.

Unfortunately, at a moment like this short-term considerations are all that policy makers are really concerned about, and the American people will be demanding “relief”.

So we should fully expect lots of free money to be thrown around.  In fact, Seattle Mayor Jenny Durkan announced on Monday that her city will provide “$5 million in grocery vouchers to help families impacted by the COVID-19 pandemic”.

But I must once again stress the fact that less than 100 Americans have died during this pandemic so far.

If things are getting this crazy already, what is our society going to look like a few months down the road?

According to the New York Times, nearly 7 million Americans could die in a “worst-case scenario”…

So far, the illness – known as COVID-19 – has sickened more than 4,200 people and killed 74.

But as a graphic from The New York Times shows, things could be much bleaker should overall infection rates and fatality rates rise.

In the worst-case scenario 6.99 million Americans would die from coronavirus – 2.74 million of them being those aged 80 and above.

We are just in the very early chapters of this “perfect storm”, and what we have experienced so far is nothing compared to what is coming.

If we can’t even handle the leading edge of this storm, what are we going to do when it really starts raging?

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 BlogEnd 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 EndGet 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.

Get Ready For Your Lifestyle To Change Indefinitely Because Of This Coronavirus Pandemic

Fear of the coronavirus is causing shutdowns on a global scale like we have never seen before.  Just about every major sporting event that you can think of has been either canceled or postponed, schools and universities are keeping students away, global tourism is absolutely collapsing, churches are being shuttered, conferences and festivals are being taken off the calendar, businesses are asking workers to work from home, and even Disneyland is being closed down.  Over the past several days the wave of closings and cancellations has become an avalanche, and all of our lifestyles are going to be dramatically altered for the foreseeable future.

For the first few days, a lot of people are actually going to enjoy this “free vacation”.  After all, what kid doesn’t enjoy time off from school, and there are lots of Americans that relish the opportunity to work from home.

But as the weeks drag on and the economy grinds to a standstill, this “free vacation” will start evolving into a horror show.

The more this coronavirus spreads, the more restrictions we will see on human interaction throughout the western world, and that has very serious implications.

Yes, there is much that we can do through the Internet today, but most economic activity still requires at least some actual human interaction.  So when authorities restrict human interaction they are actually choking off trade.

I can’t think of too many other things that could trigger an economic collapse faster than a global pandemic could.  We had better pray that life will get back to normal in a few weeks, because a complete and utter economic nightmare is ahead if that does not happen.

Unfortunately, life is not likely to get back to normal any time soon.  The number of confirmed cases continues to grow at an exponential rate, and those that are getting infected now will be able to infect others for weeks to come

Researchers looking at cases in China say patients could spread the virus for up to 37 days after they start showing symptoms, according to the study published in the British medical journal The Lancet.

On average, survivors still had the virus in their respiratory system for about 20 days and could presumably continue to spread the disease, researchers found.

So how long will it be before this pandemic is finally over?

Will it be months?

Could it be years?

Don’t forget, the Spanish Flu pandemic lasted from January 1918 to December 1920.

I think that Wall Street is starting to grasp the reality of what we are potentially facing.  On Thursday, we witnessed the largest single day stock market point crash in American history.  The Dow Jones Industrial Average was down 2,352 points, and that shattered the “old record” of 2,013 points that was just set on Monday.  Overall, the Dow was down 9.99 percent, and that was the biggest percentage decline since the nightmarish stock market crash of 1987.

Incredibly, European stocks did even worse on Thursday.  In fact, it was the worst day ever for stock markets in Europe.

We have never seen a time when the entire western world has been in the process of literally shutting down simultaneously.  The following is how a Slate article described what we are currently witnessing…

Virtually every activity that entails or facilitates in-person human interaction seems to be in the midst of a total meltdown as the coronavirus outbreak erases Americans’ desire to travel. The NBA, NHL, and MLB have suspended their seasons. Austin’s South by Southwest canceled this year’s festival and laid off a third of its staff. Amtrak says bookings are down 50 percent and cancelations are up 300 percent; its CEO is asking workers to take unpaid time off. Hotels in San Francisco are experiencing vacancy rates between 70 and 80 percent. Broadway goes dark on Thursday night. The CEOs of Southwest and JetBlue have both compared the impact of COVID-19 on air travel to 9/11. (That was before President Trump banned air travel from Europe on Wednesday night.) Universities, now emptying their campuses, have never tried online learning on this scale. White-collar companies like Amazon, Apple, and the New York Times (and Slate!) are asking employees to work from home for the foreseeable future.

On top of everything else, March Madness has been canceled for the first time ever

The NCAA will not crown a men’s or women’s basketball champion in 2020.

Conceding defeat to the COVID-19 virus and a cascade of uncertainty about how bad its ongoing spread might impact public health across the United States, the NCAA announced Thursday all its winter and spring championships have been canceled after a series of moves across multiple sports leagues that foreshadowed the eventual arrival at this decision.

I can’t even imagine the heartbreak that many of those athletes are feeling right now.

They have been training all of their lives to fight for a championship, and now that opportunity has been taken away.

Sadly, just about every major sporting event has either been canceled or will be canceled shortly.

Of course the business world has been thrown into chaos as well.  Companies all across America are going to great lengths to minimize human interaction, and all sorts of non-essential activities are being eliminated.

Even a New York seminar entitled “Doing Business Under Coronavirus” has been canceled because of the coronavirus.

In the days ahead, the list of public gatherings that are still happening will probably be much shorter than the list of public gatherings that have been canceled.

All of this is being done to save lives.

But in the process, it is going to absolutely kill the economy.

At this point, President Trump is even thinking about imposing “travel restrictions within the United States”

REPORTER: Are you considering travel restrictions within the United States, such as to Washington State or California? [Emphasis added]

TRUMP: We haven’t discussed that yet. Is it a possibility? Yes. If somebody gets a little bit out of control, if an area gets too hot. You see what they’re doing in New Rochelle, which is — which is good, frankly. It’s the right thing. But then it’s not enforced, it’s not very strong but people know that they’re being watched … New Rochelle, that’s a hotspot.

Can you imagine the giant temper tantrum that we would see if that actually happened?

Earlier today, the top headline on CNN was “America’s way of life changes indefinitely”, and for once they got it exactly right.

As long as this virus is spreading out of control, decision makers all over the western world are going to be afraid to resume normal activities.

Just think about it.  If you are a decision maker and you resume normal operations too quickly, someone could get sick and die.  Not only could that cost you your job, but it could also get you sued into oblivion.

In our overly litigious society, the threat of lawsuits is going to play a major factor in this crisis.  In fact, I am sure that some people are already in contact with their lawyers.

Hopefully the measures that are being taken will help to reduce the spread of this virus.  But as one of my good friends has pointed out, even if the U.S. was totally locked down for 30 days, this virus would just keep coming back into the U.S. from other countries that are not locked down.

So the truth is that we would need the entire globe to be completely locked down for an extended period of time to really defeat this pandemic, and that simply is not going to happen.

Many among the elite can see what is happening, and they are taking off in their private jets to their “holiday homes or specially prepared disaster bunkers”

Like hundreds of thousands of people across the world, the super-rich are preparing to self-isolate in the face of an escalation in the coronavirus crisis. But their plans extend far beyond stocking up on hand sanitiser and TV boxsets.

The world’s richest people are chartering private jets to set off for holiday homes or specially prepared disaster bunkers in countries that, so far, appear to have avoided the worst of the Covid-19 outbreak.

Of course most of us do not have that option.

Most of us are going to have to ride this thing out right where we are, and that reality is causing a lot of people to completely panic.  Just check out what is happening in New York

Panicked New Yorkers rushed to stock up on essentials forming long lines and clearing shelves of produce as Mayor Bill de Blasio declared a state of emergency in the city due the coronavirus outbreak.

He made the decision on Thursday afternoon saying the last 24 hours had been ‘very, very sobering’ and that the world had been turned ‘upside down’ in just a day.

The announcement immediately sparked furious panic shopping from New Yorkers as grocery stores across the city saw chaos and frantic stockpiling with residents fearing the worst.

Sadly, this is just the beginning.

As things go from bad to worse, we are likely to see fear and panic on a scale that is absolutely unprecedented.

But as I discussed yesterday, now is not a time for fear.

During any major crisis, cool heads and calm hearts are needed.  The days ahead are going to be full of challenges, and by God’s grace we shall do our very best to meet those challenges.

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 BlogEnd 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 EndGet 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.

Fear Of The Coronavirus Is Causing A Stock Market Apocalypse

In all of U.S. history, we have never seen the Dow Jones Industrial Average go from an all-time high to a bear market as quickly as we just did.  As I keep reminding my readers, the stock market is all about how investors view the future.  Early this year, extremely irrational optimism about the future pushed stock prices to the most overvalued levels that we have ever seen, but now things have completely changed.  Fear of the coronavirus has many investors fearing an imminent economic crisis, and we have seen volatility on Wall Street that is absolutely insane.  On Monday we witnessed the largest single day point decline in the history of the Dow, on Tuesday stocks came roaring back, and then on Wednesday we witnessed the second largest single day point decline in the history of the Dow.  As I have previously explained numerous times, we see huge waves of momentum during any stock market crash, and I am sure we will see many more as this current implosion continues to play out.

On Wednesday, the Dow closed at 23553.22, which represented a 20.3 percent decline from the peak on February 12th.

The bull market that began on March 9th, 2009 has finally ended, and U.S. stocks are off to their worst start for a year since the last financial crisis.

But less than 5,000 people around the globe have died from this virus so far.

If we are seeing this much fear now, what is going to happen if millions of people start dying?

Thankfully, the World Health Organization finally decided to officially label this outbreak a “pandemic” on Wednesday

World Health Organization Director-General Tedros Adhanom Ghebreyesus on Wednesday declared the coronavirus outbreak a pandemic as the global death toll rose above 4,500 and the number of confirmed cases neared 125,000.

“We have rung the alarm bell loud and clear,” Tedros said at a news conference. “We cannot say this loudly enough, or clearly enough, or often enough: All countries can still change the course of this pandemic.”

Of course that announcement really rattled investors and the Dow ended up falling 1,464 points.  Banking stocks were hit particularly hard.

But then later in the day we learned that President Trump would be addressing the nation at 9 PM eastern time, and investors were temporarily encouraged.

Unfortunately, investors didn’t seem to like what Trump had to say, and Dow futures immediately plummeted about 1,000 points afterwards.

On top of everything else, two major stories broke late Wednesday that shocked the entire nation.  We learned that Tom Hanks and his wife have tested positive for the coronavirus, and the entire NBA season was suspended because a Utah Jazz player now has the virus.

Needless to say, every horrifying headline is just going to cause even more chaos for the markets.

At this point, one Goldman Sachs analyst is projecting that the S&P 500 will likely fall quite a bit more in the days ahead

Goldman Sachs chief equity analyst David Kostin said Wednesday he expects the S&P 500 to hit a low of 2,450, more than 10% below its current closing level of 2,741. Kostin based his new view on a reduced expectation for S&P 500 earnings.

And another analyst believes that we are “only about halfway” to the bottom of the market…

“We can see the panic in the equity market,” said Jerry Braakman, chief investment officer of First American Trust. “The big question for most people is, are we at the bottom yet? I think we’re only about halfway there.”

Of course both of them are assuming that this coronavirus pandemic will not last for too much longer.

But what if they are wrong?

What if this pandemic lasts into next year or even longer?

As stocks fall, people are gobbling up gold and silver coins like crazy.  In fact, millions of Silver Eagles have been sold in recent days…

With the spread of the Global Contagion, the demand for physical precious metals has increased significantly.  According to the U.S. Mint’s newest update, another million Silver Eagles were sold over the past two days.  This brings to total Silver Eagle sales in March at 2.3 million, more than three times the previous month.

So if you have been waiting all this time for your silver coins to start appreciating in value, it may finally start paying off.

Meanwhile, we are already starting to see workers being laid off as much of the U.S. literally begins to shut down because of this virus.  The following comes from the Washington Post

At the Port of Los Angeles, 145 drivers have been laid off and others have been sent home without pay as massive ships from China stopped arriving and work dried up. At travel agencies in Atlanta and Los Angeles, several workers lost their jobs as bookings evaporated. Christie Lites, a stage-lighting company in Orlando, laid off more than 100 of its 500 workers nationwide this past week and likely will lay off 150 more, according to chief executive Huntly Christie. Meanwhile a hotel in Seattle is closing an entire department, a former employee said, and as many as 50 people lost their jobs after the South by Southwest festival in Austin got canceled.

Sadly, this is just the beginning.  If this crisis lasts long enough, eventually we will see layoffs that are absolutely unprecedented.

And the civil unrest that I keep warning about appears to be already starting as well.  Just check out what just happened at the University of Dayton

University of Dayton students took to the streets after the school canceled classes, on-campus events, and gatherings, and closed UD student housing. Over 1,000 students gathered on Lowes Street by late Tuesday, jumping on cars and throwing bottles at police the University of Dayton said in a written statement.

You can see a news report about this incident right here.  Of course if this pandemic continues to escalate the civil unrest will become much, much, much worse in the months ahead.

On Wednesday night, President Trump announced that travel from Europe would be suspended for 30 days.

That is certainly a step in the right direction, but at this point it isn’t going to make too much of a difference.

The virus is now in over 100 countries, and it is now spreading in almost every U.S. state.

And what most people don’t realize is that this pandemic is far from the only crisis we will be facing.  We have entered a time when we will be hit by one thing after another, and most Americans will not be able to handle it.

We are seeing so much fear out there right now, but this is not a time for fear.

This is a time for faith, and it is absolutely critical for you and your family to believe that you can get through this.

Anyone can shine during the best of times, but it is during the worst of times that we discover who we really are.

The days ahead are going to be extremely challenging, but they will also be a great opportunity to make a tremendous difference in a society that has been gripped by fear and that is starting to spin completely out of control.

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 BlogEnd 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 EndGet 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.

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