Out Of Time: U.S. Cases Explode As The Coronavirus Pandemic Reaches A Tipping Point

If you thought that we had more time before this coronavirus pandemic exploded out of control in the United States, I am sorry to say that you are out of luck.  In all of the major nations in the western world, the number of confirmed cases escalated dramatically over the past few days.  Here in the U.S., COVID-19 has now reached 33 states, and the number of confirmed cases seems to literally be changing every few minutes as more announcements are made.  Over the weekend, we witnessed another wild round of panic buying as people feverishly stocked up for an extended pandemic, but at least Americans are not throwing punches at each other over toilet paper like we are witnessing elsewhere in the world.  Needless to say, all of this insanity is badly rattling Wall Street.  The markets are going absolutely nuts, and it looks like this could be a truly historic week.  Much more importantly, it looks like any hope of containing this virus is now completely dead.  In fact, Dr. Scott Gottlieb of the Food and Drug Administration just told the entire nation that we are “past the point of containment” now.

Once this virus gets into an area, it can spread like wildfire.  If you doubt this, just look at what is happening in New York.  Just a few days ago there was one confirmed case, and now there is 105.  The following comes from New York Governor Andrew Cuomo

UPDATE: There are 16 additional confirmed cases of #Coronavirus in NYS, bringing total to 105.

Westchester: 82

NYC: 12

Nassau: 5

Rockland: 2

Saratoga: 2

Suffolk: 1

Ulster: 1

We’re testing aggressively & we are seeing the number of confirmed cases go up as expected.

Cuomo also shocked many members of the media when he absolutely lambasted the CDC.  The guidelines that the CDC imposed upon the states greatly suppressed the amount of testing up to this point, and Cuomo seems to be among those that believe that this was a huge mistake

The governor said that officials are working hard to identify new cases but have been greatly hindered by the Centers for Disease Control and Prevention (CDC), saying it is ‘outrageous and ludicrous’ that the agency has not authorized private labs to conduct automated tests.

‘CDC, wake up. Let the states test. Let private labs test. Let’s increase as quickly possible our testing capacity so we identify the positive people, so we can isolate them,’ he said.

It would be difficult to overstate the anger that many Americans are feeling toward the CDC right now.  So far, South Korea has been able to test more than 140,000 of their citizens for COVID-19, but as of Saturday the CDC had tested fewer than 1,600

The Centers for Disease Control and Prevention (CDC) has tested 1,583 people for the coronavirus since the first cases were identified in the U.S. in January, health officials said Saturday.

Food and Drug Administration (FDA) Commissioner Stephen Hahn told reporters at the White House that figure would increase as more tests are shipped nationwide to address demand. But officials made clear that an individual could be tested only if it was approved by a doctor or public health official, contradicting President Trump’s pervious claims about test availability.

If the number of confirmed cases in the U.S. is rising so rapidly with such limited testing, what will happen to the numbers now that testing will really be ramping up?

I think that we all know that answer.

Originally, U.S. officials had hoped to keep any outbreaks inside the United States strictly contained, but now that plan is out the window.

On Sunday, Surgeon General Dr. Jerome Adams openly admitted that we have now shifted to the mitigation phase

The US response to coronavirus has now shifted from containment to mitigation, Surgeon General Dr. Jerome Adams told CNN’s “State of the Union” on Sunday.

“Initially, we had a posture of containment so that we could give people time to prepare for where we are right now. We’re shifting into a mitigation phase, which means that we’re helping communities understand you’re going to see more cases,” Adams said.

So how many more cases will we ultimately see?

Chillingly, some experts believe that it will be in the millions.

If that turns out to be accurate, can you imagine what that will do to our economy?

Things are really starting to get crazy out there.  On Sunday, we learned that even U.S. Senator Ted Cruz has gone into “self-quarantine” because he came into contact with someone that was infected by the virus.

For the moment, our healthcare system will be able to handle the number of cases, but that could soon change.

In fact, it is being estimated that all available hospital beds could be completely filled by May 8th

A sobering analysis of how coronavirus is likely to impact the US healthcare system suggests that hospitals will be quickly overwhelmed with patients, and that all available beds will be filled by around May 8th if the virus tracks with Italy’s figures and 10% of patients require an ICU.

Of note, the Straits Times reported last week that thousands of people were waiting for hospital beds in South Korea as the disease surges.

Liz Specht, a PhD in biology and the associate director of Science and Technology for the Good Food Institute laid out her concerns in a lengthy Twitter thread on Friday, which you can see here on Twitter, or continue reading below.

So if you get sick after that, you may be out of luck.

Over in Italy, this pandemic has already progressed to an extremely dangerous stage.  The Italians now have the highest death toll of anywhere outside of China, and the number of confirmed cases has been escalating at a pace that is difficult to believe.

In a desperate attempt to stop the bleeding, the Italian government has locked down “more than a quarter of its population”

The Italian government is locking down 17 million people—more than a quarter of its population—including in Milan, the surrounding Lombardy region and 14 neighboring provinces, in the most sweeping steps any European country has prepared to take against the coronavirus epidemic.

A decree from the Italian Prime Minister’s office says people living in Lombardy, where Milan is the capital, and the named provinces in Lombardy’s nearby regions must “absolutely avoid any movement into and out of the areas.”

Will that work?

We better hope so, because the progression of this outbreak in Italy has been truly frightening

#Coronavirus in Italy:

1st Feburary: 2 cases

20th February: 3 cases

22nd Feburary: 62 cases, 2 deaths

28th February: 528 cases, 12 deaths

1st March: 1694 cases, 34 deaths

4th March: 3089 cases, 107 deaths

8th March: 7375 cases, 366 deaths & counting

Terrible.

Of course we will see similar numbers in country after country pretty soon.

In the UK, they appear to be on a very similar track

Confirmed coronavirus cases, UK:

March 8: 273 people

March 5: 115 people

March 2: 39 people

February 28: 20 people

February 25: 12 people

February 22: 8 people

Fighting this virus has been compared to trying to fight the air, because COVID-19 spreads from person to person really easily.

In fact, one team of scientists is now telling us that it looks like it may “spread through air-conditioning units”

Traces of the coronavirus found in a hospital air duct has led scientists to believe the disease could be spread through air-conditioning units, making it more contagious than initially thought.

Swab analysis of rooms used by three coronavirus patients by experts at the National Centre for Infectious Diseases in Singapore suggest that the respiratory illness spreads easier than previously thought.

Where will this end?

Is it inevitable that there will be a raging pandemic in every nation on Earth?

If millions die from this virus, global financial markets will utterly collapse, economic conditions will be unimaginable, great civil unrest will erupt all over the planet and our society will be unrecognizable.

So far, this virus has a higher death rate than the Spanish Flu, and the Spanish Flu pandemic killed between 50 million and 100 million people.

This is not a drill.  This pandemic is out of control and the dead bodies are really starting to pile up.  The months ahead are going to be really challenging, but with God’s help we will find a way to get through this.

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.

“Pandemic Proportions”: COVID-19 Is Starting To Spiral Out Of Control All Over The Globe

This is already the most frightening virus outbreak that we have seen in the past several decades, and it appears that it is just getting started.  A week ago, there were about 3,000 confirmed cases outside of China and now there are more than 10,000.  4,812 cases have been confirmed in South Korea, 2,036 cases have been confirmed in Italy, and 1,501 cases have been confirmed in Iran at this point.  Of course by the time you actually read this article those numbers are likely to be significantly higher.  It is like we are watching a really bad Hollywood disaster movie play out right in front of our eyes, and so far every effort to contain this virus has failed.  On Monday, Dr. Anthony Fauci stunned many people when he told NBC News that COVID-19 has likely reached “pandemic proportions”

News of the additional deaths came after Dr Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, told NBC News on Monday that the disease had likely reached ‘pandemic proportions’ as 100 cases were confirmed across the U.S.

‘We’re dealing with an evolving situation. We’re dealing with clearly an emerging infectious disease that has now reached outbreak proportions and likely pandemic proportions,’ Dr Fauci said. ‘If you look at multiple definitions of what a pandemic is… multiple sustained transmissions of of a highly infectious agent in multiple regions of the globe.’

Dr. Fauci is definitely not an alarmist, and for him to use the word “pandemic” is a major red flag.

Last week a lot of people were pointing out that not a single American had died from this virus yet, but now six victims have died in the state of Washington alone

Four more people have died of the coronavirus in Washington state, raising the death toll in the state and the nation to six, health officials said Monday.

Jeffrey Duchin, a health officer in King County and Seattle, said at a news conference Monday that five of the deaths were people from King County and one was from Snohomish County, north of Seattle.

If you live in the Seattle area, you need to understand that you are in the middle of a crisis zone.  As I discussed yesterday, it is likely that the virus has been circulating in that region for weeks, and each day the number of potential carriers will only get higher.

At this point, local officials are specifically warning everyone to “avoid crowded settings if possible”

“To increase your chances of staying healthy, avoid crowded settings if possible,” King County Public Health said on Twitter. “Especially if you are over 60, or have other chronic health conditions such as diabetes, heart disease, lung disease, or a weakened immune system.”

There’s particular concern about the spread of the virus in nursing homes. One such  facility, Life Care Center in Kirkland, Washington, said in a statement that one of its residents and one of its associates have been diagnosed with COVID-19. The center is banning visitors for now.

And this doesn’t mean that you will need to change your behavior for a few days or even a few weeks.

At a minimum, if you live in the Seattle area you are going to want to avoid crowded settings for the next several months.

Of course it is just a matter of time before other major cities are facing similar outbreaks.  In recent days the number of states with confirmed cases has grown quite a bit larger

  • Arizona – 1
  • California – 20
  • Florida – 2
  • Illinois – 4
  • Massachusetts – 1
  • New York – 1
  • Oregon – 3
  • Rhode Island – 2
  • Washington state – 18 (includes 6 fatalities)
  • Wisconsin – 1

Unfortunately, this list probably only represents the very small tip of a very large iceberg.  Up until just recently, the CDC was mandating that the only people that should be tested are those that have traveled to China or those that have had close contact with a known victim.  By using such restrictive criteria, the number of Americans being tested was kept extremely low, and a lot of infected people slipped through the cracks.

Now this virus has escaped containment, and authorities are telling us that “community spread” is inevitable all over the United States.

Meanwhile, COVID-19 continues to sweep across much of the rest of the planet like wildfire.

In Iran, the fact that a top adviser to Ayatollah Ali Khamenei just died from the virus made headlines all over the globe

AN adviser to Iran’s supreme leader Ayatollah Ali Khamenei has died of coronavirus, state media reported today.

Mohammad Mirmohammadi, 71, died in hospital in Tehran as the pariah nation reels from a worsening outbreak that has left several senior officials in hospital.

But despite the fact that the number of confirmed cases in Iran is escalating at an exponential rate, and despite the fact that dozens of Iranians have already died, many Iranians continue to engage in the practice of “kissing and licking Shi’ite shrines throughout the country”

Videos spreading on social media are showing Iranians kissing and licking Shi’ite shrines throughout the country as many call to close the shrines amid a severe coronavirus outbreak in the Islamic Republic.

The epicenter of the outbreak in Iran, Qom, is a religious city home to several shrines. The shrines remain open as some reports place the death toll in Iran in the hundreds.

Can you believe that?

We live at a time when it seems like much of the world has gone nuts.  Most people believe whatever they feel like believing, and most people do whatever they feel like doing.  But there are always consequences for our actions, and I have a feeling that this virus is going to spread particularly rapidly in the Middle East.

Here in the United States, it appears that this outbreak is far more extensive than we are being told.  As the U.S. starts to finally ramp up testing, it is inevitable that a lot more existing cases will be found.  In fact, in just a little while I will be posting an article on End Of The American Dream about an ER doctor in New York that is claiming that there is “going to be thousands” of confirmed cases inside this country by next week.

I don’t think that it is going to happen quite that rapidly, but it appears to be inevitable that the number of cases is going to be steadily rising.

This is not a drill.  This is an exceedingly dangerous virus that is killing people all over the planet, and we need to prepare for a scenario in which this crisis could extend for many months or even for several years.

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.

All Of A Sudden, People All Over America Are Prepping Like Crazy

I can’t remember a time when we have seen such widespread “panic buying” all over the nation.  Today I spoke with someone that just visited the closest Wal-Mart in this area, and I was told that there are empty shelves all over the store.  There are very few canned goods left, some of the most essential medications have been cleaned out, and there was nothing left in the long-term storable food section at all.  Of course similar things are being reported at major retail stores all across the United States.  All of a sudden, fear of COVID-19 has motivated thousands upon thousands of Americans to start prepping like crazy.  But most of the population is still not taking this crisis seriously enough.  As the number of confirmed cases all over the world continues to rise at an exponential rate, what are the stores going to look like when most of the country finally realizes that they should be prepping for an extended pandemic?

Over the past several days, this coronavirus outbreak has escalated significantly.

From Saturday to Sunday, the number of confirmed cases in Italy jumped by 50 percent

Italy reported a 50% increase in coronavirus cases Sunday, as the US further restricted travel and the famed La Scala opera house closed.

Italy’s Civil Protection Authority reported the country now has 1,694 confirmed coronavirus cases, up from 1,128 confirmed cases on Saturday. Thirty-four people have died.

And in Germany, the number of confirmed cases actually doubled in just 24 hours.

Here in the United States, confirmed cases are now popping up all over the nation, and we are being warned to brace for a “boom” of confirmed cases

A “boom” of confirmed cases of the coronavirus that has now killed more than 3,000 people around the world — including two in the U.S. — could already be racing across America despite ramped-up efforts to contain the outbreak, experts say.

The spread of the virus by “community transmissions” is an indication that we could indeed be looking at the tip of the iceberg,” Ogbonnaya Omenka, an assistant professor and public health specialist at Butler University’s College of Pharmacy and Health Sciences, told USA TODAY on Sunday.

Overall, the number of confirmed cases outside of China has more than tripled over the past week.  If we continue to see that sort of a growth rate, there will be more than a million confirmed cases outside of China just five weeks from now.

I don’t think that it will happen that quickly, and let us pray that we don’t hit that number at all, but right now this outbreak is starting to spiral out of control.

As fear of this virus rises, grocery stores from coast to coast are stocking up on essential supplies in an effort “to prevent shortages”

Now grocers are working to prevent shortages and preparing for a spike in demand for disinfectants and long-lasting items such as pasta and canned food. Some are ramping up orders from suppliers.

“This is like a natural disaster, but it’s an illness,” said Doug Baker, vice president of industry relations at FMI, a trade group for food retailers.

In the short-term, hopefully things won’t be too bad.

But without a doubt global supply chains are becoming extremely strained due to the widespread shutdowns inside of China, and that has led one analyst to predict “empty shelves in Target and Walmart as early as April”

“Literally, empty shelves in Target and Walmart as early as April,” predicts David Iwinski, a local China business consultant who once ran a factory in China.

Most retail stores are likely to have shortages because the coronavirus in China is hampering the manufacture of products shipped to America.

If there are things that you need to go buy, you need to do it now, because thousands upon thousands of Americans are already storming the stores.

In Los Angeles, a local Costco was quickly raided of the most essential supplies when the store opened on Saturday morning

At a Costco Wholesale market in Los Angeles Saturday morning, a swarm of shoppers loaded up carts with essential items to prepare for a possible period of quarantine.

According to the chain, water, paper towels and Clorox disinfecting wipes were the most in-demand products.

And up in northern California, photos of completely empty shelves over the weekend were rapidly shared on social media

On social media, residents further north shared shocking photos and videos from Costco centers in San Francisco.

Shelves were depleted of tinned food, while some shoppers climbed up onto shelving in order to reach remaining supplies of rice.

Of course the exact same thing is happening in other states as well.

In Washington, one local resident claimed that “thousands of people” have been descending on the local Costco centers…

I live in the epicenter of the coronavirus outbreak in Washington State. My advice for those elsewhere – go to Costco now. Thousands of people at local stores yesterday – not where you want to be if there is a virus spreading. Glad I went a week ago.

And one video that has been very widely shared shows hundreds of people lined up at a Costco in Brooklyn before it even opened in the morning.

Up to this point, only two people have died from the virus in the United States.

So what will things look like if thousands of people start dying?

Already, there is a worldwide shortage of protective face masks.  In fact, things have gotten so bad that Surgeon General Jerome Adams posted a tweet demanding that people stop buying them

The surgeon general has a message for people who want to run out and stockpile masks to combat the coronavirus – don’t.

“Seriously people – STOP BUYING MASKS!” Surgeon General Jerome Adams tweeted. “They are NOT effective in preventing general public from catching #Coronavirus, but if healthcare providers can’t get them to care for sick patients, it puts them and our communities at risk!”

Personally, I don’t understand his logic.  If the masks are not effective, then why do healthcare providers need them?

Yes, the masks have limited effectiveness against a virus that is so easy to catch.  But at least they are better than nothing.

The time of “the perfect storm” is here, and this virus has the potential to greatly accelerate our problems.

We still don’t know if this will be the great global pandemic that so many have warned about, but Bill Gates certainly seems to believe that this may be the “once-in-a-century pathogen we’ve been worried about”

Billionaire and Microsoft co-founder Bill Gates said the coronavirus that has killed at least 2,859 people and infected more than 83,700 globally may be the “once-in-a-century pathogen we’ve been worried about.”

“I hope it’s not that bad, but we should assume it will be until we know otherwise,” Gates wrote in an article published Friday in The New England Journal of Medicine.

Personally, I am still hoping that this outbreak will start to subside once warmer weather arrives.

But so far nothing is slowing this virus down.  As I mentioned above, the total number of cases outside of China has more than tripled over the last seven days, and that is a huge red flag.

If you need to get to the store, do it now.  Because at the rate that people are raiding the stores, there could soon be shortages of some of the most important supplies.

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.

Ominous Warnings About The Very Rapid Spread Of The Coronavirus

Is a widespread coronavirus outbreak inside the United States inevitable?  After weeks of generally optimistic statements, officials are now warning us to prepare for the worst.  Over the past several days we have seen the number of confirmed cases outside of China escalate dramatically, and this has really rattled global financial markets.  After being down more than 1,000 points on Monday, the Dow Jones Industrial Average fell another 879 points on Tuesday.  U.S. stocks have lost more than 1.7 trillion dollars in value in just two days.  Much more importantly, a wave of tremendous panic is starting to sweep across America, and it looks like this crisis is just getting started.

Usually officials at the CDC choose their words very carefully so that they do not needlessly alarm the public.  With that in mind, I would like for you to consider three statements that the CDC’s Dr. Nancy Messonnier made about a potential outbreak inside the United States during a press conference on Tuesday…

#1 “It’s not so much of a question of if this will happen in this country anymore but a question of when this will happen.”

#2 “Disruption to everyday life may be severe.”

#3 “We are asking the American public to prepare for the expectation that this might be bad.”

Can you ever recall a top CDC official ever making statements this ominous?

I certainly can’t.

In addition, Messonnier warned that it may soon become necessary for schools and businesses to greatly restrict person to person contact

The CDC outlined what schools and businesses will likely need to do if the COVID-19 virus becomes an epidemic outbreak in the U.S. Schools should consider dividing students into smaller groups or close and use “internet-based tele-schooling,” Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, told reporters on a conference call. “For adults, businesses can replace in-person meetings with video or telephone conferences and increase teleworking options,” Messonnier said.

On a temporary basis such measures would not be too disruptive, but what if this virus just keeps spreading month after month?

We are potentially facing a scenario that is truly unprecedented, and it is becoming increasingly clear that officials have lost confidence that they will be able to contain this virus.  In fact, one former U.S. official told USA Today that “the horse is out of the barn”…

Dennis Carroll, former director of the U.S. Agency for International Development’s Global Health Security and Development Unit, credited China’s “extraordinary control measures” with delaying the spread of the virus. But he said avoiding a pandemic is “very unlikely.”

“The dramatic uptick of cases in South Korea, Iran and Italy are reflective of a self-sustaining spreading of the virus,” Carroll, who now leads the Global Virome Project science cooperative, told USA TODAY. “And a clear message that the horse is out of the barn.”

At this point there are still only a few dozen confirmed cases in the United States, but authorities are bracing for the worst.  If you can believe it, San Francisco Mayor London Breed just declared a state of emergency because of this virus…

Mayor London Breed declared a local emergency in San Francisco Tuesday amid the coronavirus outbreak, despite there being no confirmed cases among the city’s residents.

“Although there are still zero confirmed cases in San Francisco residents, the global picture is changing rapidly, and we need to step-up preparedness,” Breed said in a statement. “We see the virus spreading in new parts of the world every day, and we are taking the necessary steps to protect San Franciscans from harm.”

And after being quite apathetic about this outbreak at first, people all over America are suddenly realizing that they should be preparing for a potential pandemic.

In fact, Silicon Valley investor Geoff Lewis created quite a stir when he asked for advice on stockpiling food.  The following is the question that he posted on Twitter that caused so much of an uproar

If one were hypothetically stockpiling four months of shelf stable food, what would folks recommend (optimizing for keto friendly)?

We haven’t seen anything like this in the United States in a very long time.

But we haven’t even had a single death from this virus in our country yet.  How crazed will people get when victims start dropping dead in the streets like they have been in Wuhan?

There is now talk that the IOC could potentially cancel or postpone the Olympic Games in Tokyo.  At one time such talk would have seemed crazy, but this is how serious this outbreak has become.

In Iran, the number of confirmed cases has now jumped to 95, although many people believe that the true number is far, far higher.

During a press conference on Monday, Iran’s deputy health minister attempted to downplay the seriousness of this outbreak, but on Tuesday we learned that he has been infected too

Iran’s deputy health minister said he has tested positive for the novel coronavirus and is in self-quarantine at his home just a day after he appeared at a news conference in Tehran where he sought to quell fears about the outbreak. Iraj Harirchi, the head of Iran’s counter-coronavirus task force, announced the illness in a video online while vowing that authorities would continue working to control the spread.

Apparently not wanting to be outdone, one of the officials in South Korea that was overseeing the response to this outbreak decided to jump off a bridge

But in Seoul took on a more morbid tone Tuesday following reports in the local press that a civil servant from the Ministry of Justice’s Emergency Safety Planning Office jumped off a bridge in Seoul at around 5 am local time Tuesday.

The official was one of several individuals charged with overseeing the government’s response to the virus. As cases soar and hysteria mounts, we suspect this news won’t exactly help quiet the public’s nerves.

Suicide is never the answer to anything, and we should all be praying for that man’s family.

In Italy, the number of confirmed cases has grown by more than 15 times since Friday…

Over in Italy, the number of confirmed cases has surpassed 300 to 322, while the number of dead climbed to 10, according to Italian emergency chief Angelo Borrelli, who said the newly deceased were over the age of 80. That’s up from just 20 confirmed cases on Friday.

Newly deceased were over 80 years old, says at press conference in Rome Tuesday. The new infections include three cases in southern Sicily region, Italian Civil Protection official Borrelli said.

All of a sudden, people all over Europe are wanting to avoid Italians because of the potential of catching the virus.  In most cases that fear is irrational, but we do know that an Italian just spread the virus to a hotel in Spain’s Canary Islands

Hundreds of staff and tourists staying at a hotel in Spain’s Canary Islands were put under lockdown on Tuesday, El Pais newspaper reported. One person who had stayed at the establishment was later found to have tested positive for the coronavirus.

I lived in Italy for a few years as a child, and I have a great love for the country.

It is so sad to watch what is happening over there, but the same things are going to start happening here.  In fact, Dr. Messonnier has told the public that now is the time “to begin preparing” for a massive outbreak…

“People are concerned about this situation – I would say rightfully so,” Messonnier said. “But we are putting our concerns to work preparing. Now is the time for businesses, hospitals, communities, schools and everyday people to begin preparing as well.”

If you do prepare and all of this turns out to be a false alarm, at least you will be ready for the next crisis that is coming.

But if you don’t do anything to prepare and things get really, really bad, it could end up costing you dearly.

If this virus starts spreading across the United States like wildfire, you and your family will want to minimize contact with the public as much as possible.  So stock up on the things you will need now, because when things start getting really crazy the stores will be cleaned out very quickly.

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.

This Coronavirus Outbreak Just Took Some Bizarre New Turns

Many were hoping that this coronavirus outbreak would begin to subside, but instead we witnessed an explosion of newly confirmed cases over the weekend.  In fact, the number of confirmed cases outside of China has doubled over the past five days.  If that number continues to double very rapidly, authorities will be talking about a full-blown “global pandemic” in no time.  When I watched a victim suddenly collapse and start to twitch on a subway in Hong Kong, I thought about the sort of panic that would set off if that happened in New York.  When I saw a video of Chinese authorities using butterfly nets to capture sick people, it made me wonder what U.S. authorities might do to round up those that are ill.  The level of fear that a full-blown pandemic would cause would transform our society overnight.  Even now, Chinese restaurants in Canada are completely empty due to concerns about catching this virus.  But once this virus is being spread in virtually every city in North America, many of us won’t want to go anywhere at all, and that would bring economic activity to a complete and utter standstill.

For a while, it seemed like this outbreak was almost entirely a Chinese problem, and most Americans were not too alarmed about it.  But over the weekend the rapid spread of the virus in South Korea, Italy and Iran spooked financial markets and mainstream news outlets in the U.S. started publishing stories about this outbreak with very alarming headlines.

And those alarming headlines are justified, because experts are telling us that we could very well be on the verge of a horrifying global pandemic

“We are at a turning point in the Covid-19 epidemic,” said Lawrence Gostin, a global health law professor at Georgetown University. “We must prepare for the foreseeable possibility, even probability, that Covid-19 may soon become a pandemic affecting countries on virtually all continents.”

Once this virus starts to spread in a community, the number of cases can explode within hours.  For example, the number of confirmed cases in South Korea went from 30 to 602 in just 96 hours

Confirmed infections in South Korea have exploded over the last 96 hours from just 30 cases to 602 confirmed cases. Local residents there are scrambling to purchase preparedness supplies, stripping shelves bare and leading to a sense of urgency. Some cities in South Korea have already taken on a “ghost town” vibe, with streets emptied and nearly all community functions shut down.

And as I write this article, the number of confirmed cases in South Korea has now shot up to 763.  By the time you read this article, it will probably be even higher.

In Italy, the number of confirmed cases went from 3 to more than 150 in just a couple of days

In Italy, officials said a third person infected with the flu-like virus had died, while the number of cases jumped to above 150 from just three before Friday.

Authorities sealed off the worst affected towns and banned public gatherings in much of the north, including halting the carnival in Venice, where there were two cases, to try to contain the biggest outbreak in Europe.

Alarmingly, Italian officials can’t even figure out how the virus got to Italy in the first place, and then have now placed “almost a dozen towns” under quarantine…

Italian health authorities were struggling to find out how the virus started. “If we cannot find ‘patient zero’ then it means the virus is even more ubiquitous than we thought,” said Luca Zaia, the regional governor of the wealthy Veneto region.

Almost a dozen towns in Lombardy and Veneto with a combined population of some 50,000 have effectively been placed under quarantine.

This morning I went to take a look at the Serie A results from over the weekend, and I was particularly interested in seeing how Atalanta had done after their stirring Champions League victory last week.  Unfortunately, their game was among three matches that were called off due to the virus

On orders from the government, the Italian league games that were set to be played today – Inter Milan v Sampdoria, Atalanta v Sassuolo and Hellas Verona v Cagliari – were called off.

However three other matches in Genoa, Turin and Rome on Sunday were allowed to go ahead as scheduled with many fans wearing facemasks while sitting in the stands.

This is basically the equivalent of cancelling NFL games in the United States.  It is something that simply does not happen under normal circumstances.

But these are not normal times.

There has also been an eruption of cases in Iran, and five of their confirmed cases have already died

As of Sunday, Iran reported 28 cases, including 5 deathsdays after authorities there said they had no Covid-19 within their borders. Cases with links to Iran have already turned up in Canada and Lebanon.

Very quickly, the country’s narrative about the virus has changed. Schools and universities across the country are being shuttered as a “preventive measure,” along with some cinemas and restaurants, according to Al Jazeera.

So now we can’t just try to isolate ourselves from China and assume that everything is going to be okay.

This virus has already spread all over the world, and that means that it could come into the United States from almost any direction.

Of course China continues to be the epicenter of this outbreak.  According to Epoch Times reporter Jennifer Zeng, there are tens of thousands of people in the hospitals in Wuhan, and crematoriums continue to burn bodies 24 hours a day…

50-60 K people in hospitals in #Wuhan, out of 18 cremators at a crematorium, 3 were burned out due to overuse. Other 15 in operation 24/7. Many families died out.

Here in the United States, we only have 35 confirmed cases so far, and many have been wondering why that number has stayed so low.

Well, perhaps it is because the CDC has only tested 414 people so far…

Given the tens of thousands of Chinese nationals entering the United States of America every month, the thousands of Chinese students and the many thousands of residents who are under “observation” by state health authorities in places like Washington and California, a reasonable person might expect that the CDC has so far tested at least 10,000 people for the CoVid-19 coronavirus. But guess how many the CDC has actually tested?

To the great shock of anyone paying attention, the CDC’s own website admits the agency has tested only 414 people in the entire country.

As I discussed the other day, there are thousands upon thousands of people currently under “self-quarantine” in the United States.

Why have the vast majority of them not been tested?

And it looks like the quarantine period being used in the U.S. and in much of the rest of the world may be way too short.

In fact, Chinese officials are telling us that one Chinese man “took 27 days to show coronavirus symptoms”

A Chinese pensioner who took 27 days to show coronavirus symptoms has sparked fears that a 14-day quarantine is two weeks too short.

The 70-year-old man was infected with the killer virus in China’s Hubei Province and showed symptoms nearly four weeks later, the local government said on Saturday.

So we may be releasing countless numbers of potentially sick people back into the general population way too early.

This is a nightmare that is getting worse with each passing day, and if this turns into a true global pandemic the impact on the global economy is going to be off the charts.

We can get an idea of where things could be heading by taking a look at what is already happening inside China.  Small businesses all over the nation are rapidly running out of cash, and in just a matter of weeks virtually all of them will be out of cash.  The following comes from Zero Hedge

Let’s start with Chinese businesses: while China’s giant state-owned SOEs will likely have enough of a liquidity lifeblood to last them for 2-3 quarters, it is the country’s small businesses that are facing a head on collision with an iceberg, because according to the Nikkei, over 85% of small businesses – which employ 80% of China’s population – expect to run out of cash within three months, and a third expect the cash to be all gone within a month.

Should this happen, not only will China’s economy collapse, but China’s $40 trillion financial system will disintegrate, as it is suddenly flooded with trillions in bad loans.

Now try to imagine what that might look like on a global scale.

We have never dealt with something like this in the post-World War II era, and there is still so much about this virus that is not known.

Personally, I am still hoping that this outbreak will start to fizzle out once warmer weather arrives.  But so far nothing seems to be able to slow this virus down, and it appears that a “tipping point” has now arrived.

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 Crop Failures Continue: In Australia This Is Going To Be The WORST HARVEST Ever Recorded

Global food production is being hit from seemingly every side.  Thanks to absolutely crazy weather patterns, giant locust armies in Africa and the Middle East, and an unprecedented outbreak of African Swine Fever in China, a lot less food is being produced around the world than originally anticipated.  Even during the best of years we really struggle to feed everyone on the planet, and so a lot of people are wondering what is going to happen as global food supplies become tighter and tighter.  The mainstream media in the United States is so obsessed with politics right now that they haven’t been paying much attention to this emerging crisis, but the truth is that this growing nightmare is only going to intensify in the months ahead.

In Australia, conditions have been extremely hot and extremely dry, and that helped to fuel the horrific wildfires that we recently witnessed.

And everyone knew that agricultural production in Australia was going to be disappointing this year, but it turns out that it is actually going to be the worst ever recorded

Australia’s hottest and driest year on record has slashed crop production, with summer output expected to fall to the lowest levels on record, according to official projections released Tuesday.

The country’s agriculture department said it expects production of crops like sorghum, cotton and rice to fall 66 percent — the lowest levels since records began in 1980-81.

The continent of Australia is considered to be one of the breadbaskets of the world.  According to the U.S. Department of Agriculture, in 2018/19 Australia exported over 9 million tons of wheat to the rest of the world.

But thanks to relentless crop failures, Australia has started to import wheat, and that is likely to continue for the foreseeable future.

So instead of helping to feed the rest of the world, Australia is now relying on the rest of us to help feed them.

And what is happening this year didn’t just barely break the old records.  In fact, one senior economist says that this will be the worst summer crop production the country has ever seen “by a large margin”

“It is the lowest summer crop production in this period by a large margin,” Peter Collins, a senior economist with the department’s statistical body ABARES told AFP.

Of course if the rest of the world was doing great we could certainly survive a downturn in Australia.

Unfortunately, that is definitely not the case.

Right now, billions upon billions of locusts are voraciously devouring farms in eastern Africa and the Middle East.  As I detailed the other day, giant armies of locusts the size of large cities are traveling up to 100 miles per day as they search for food.  When they descend on a farm, all the crops can be consumed literally within 30 seconds.  It is a nightmare of epic proportions, and UN officials are telling us that this crisis is only going to get worse over the next couple of months.

In Uganda, the army has been called out to help fight this locust plague, but it is making very little difference

Under a warm morning sun scores of weary soldiers stare as millions of yellow locusts rise into the northern Ugandan sky, despite hours spent spraying vegetation with chemicals in an attempt to kill them.

From the tops of shea trees, fields of pea plants and tall grass savanna, the insects rise in a hypnotic murmuration, disappearing quickly to wreak devastation elsewhere.

The most effective way of fighting these locust swarms is to spray insecticide on them from the air, but even that only produces very limited results.

However, at least it is better than doing nothing.

The UN is trying to raise a lot more money to get more planes into the air, because if nothing is done the number of locusts “could grow up to 500 times by June”

The U.N. has said $76 million is needed immediately. On Tuesday, U.S. Secretary of State Mike Pompeo during a visit to Ethiopia said the U.S. would donate another $8 million to the effort. That follows an earlier $800,000.

The number of overall locusts could grow up to 500 times by June, when drier weather begins, experts have said. Until then, the fear is that more rains in the coming weeks will bring fresh vegetation to feed a new generation of the voracious insects.

Overall, these locusts are affecting nations “with a combined population of nearly 2 billion”, and the amount of food that these locusts are destroying is unprecedented.

Meanwhile, China has been dealing with the worst outbreak of African Swine Fever in history.

African Swine Fever does not affect humans, but it sweeps through herds of pigs like wildfire.  There is no vaccine, there is no cure, and once African Swine Fever starts infecting pigs in a certain area the only thing that can be done is to kill the rest of the pigs to keep it from spreading anywhere else.

Unfortunately, China has not been able to get this outbreak under control, and the losses have been staggering.

According to the New York Times, the number of pigs that have been wiped out in China already is equivalent to “nearly one-quarter of all the world’s pigs”…

The disease was first reported in Shenyang, Liaoning Province, in early August 2018. By the end of August 2019, the entire pig population of China had dropped by about 40 percent. China accounted for more than half of the global pig population in 2018, and the epidemic there alone has killed nearly one-quarter of all the world’s pigs.

But of course China is not the only one dealing with African Swine Fever.

In fact, cases of African Swine Fever have now been identified “in 50 countries”, and U.S. pig farmers are deathly afraid of what would happen if this disease starts spreading here.

As a result of this crisis, pork prices in China have gone through the roof, and many families are no longer able to eat pork at all.

Never before in the modern era have we seen so many major threats to global food production emerge simultaneously.

There are more than 7 billion people living on our planet today, and we need to be able to grow enough food to feed everyone.

If we aren’t able to do that, food prices will start to get really high, and people in the poorest areas simply will not have enough food to feed their families.

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.

“Greater Idaho”: Conservatives In Oregon Want 22 Rural Counties To Secede And Become Part Of Idaho

Is the state of Idaho going to get a whole lot bigger?  A group known as Greater Idaho is pushing for rural counties in Oregon and northern California to secede and become part of the state of Idaho.  In fact, as you will see below, this effort has actually been endorsed by some of the top Republicans in the Oregon legislature.  Today, the Oregon state government is completely and utterly dominated by the left, and due to the demographics of the state that is not likely to change any time soon.  So conservatives in rural areas that are deeply upset over the direction of the state essentially have just two options.  They can either move to a more conservative state, or they can attempt to redraw state lines.

Of course attempting to redraw state lines is a very complicated process, but at this point conservatives in Oregon are so fed up with the state legislature that they have decided to push ahead with this effort.

In fact, it is being reported that signatures are being collected right now in order to “put the proposal on ballots in November”…

Frustrated by liberal policies, some Oregon residents petitioned to leave the state – by moving the border with Idaho westward.

The movement secured initial approval from two counties and aims to get enough signatures to put the proposal on ballots in November, according to the group called Greater Idaho.

This is a very viable political movement, and it will be quite interesting to see where this goes.

For years, rural counties in Oregon have felt shortchanged by a state legislature that is dominated by the Portland area, and things have finally come to a breaking point.  One of the chief organizers of this movement, Mike McCarter, says that this secession push “is our last resort”

“Rural counties have become increasingly outraged by laws coming out of the Oregon Legislature that threaten our livelihoods, our industries, our wallet, our gun rights, and our values,” Mike McCarter, one of the chief petitioners, said in a news release. “We tried voting those legislators out, but rural Oregon is outnumbered and our voices are now ignored. This is our last resort.”

Initial efforts are focused on just a few counties, but eventually the goal of Greater Idaho is to get dozens of counties in Oregon and northern California to secede.

The following comes from Greater Idaho’s official website

We are trying to change the present borders of Idaho, Oregon & Northern California so that certain counties & communities presently in Oregon & Northern California will become part of the State of Idaho.

Out of Oregon’s existing 36 counties, only 14 would remain in the state if Greater Idaho is able to achieve their goals, and a big chunk of northern California would become Idaho territory as well.

But getting this accomplished will not be easy.  Approval would be needed from the state legislatures of Oregon, California and Idaho, and that would be a real challenge.

On top of that, the U.S. Congress would have to approve any plan, and getting that to happen would probably require a miracle.

But one thing that this movement has going for it is the fact that it has been endorsed by some big name state lawmakers in Oregon, and that includes the top Republican in the state Senate

The Republican leader in the state Senate, Sen. Herman Baertschiger, supports the idea and told CNN he’d even help write the secession legislation.

“Democrats should be paying attention to how unhappy these Oregonians are with the current regime to seek secession from Oregon. I would welcome the idea to serve on the Greater Idaho legislature!” he said.

And Representative Gary Leif actually has a map of “Greater Idaho” hanging in his office

Rep. Gary Leif, a Republican in the Oregon House of Representatives, has a poster of the “Greater Idaho” map hanging in his office.

“The Greater Idaho would then be the only West Coast state that is a conservative red coastal state. We would then truly be representing conservative values with rural constituents,” Leif explained.

It is certainly encouraging to see people take a really big idea and try to run with it.

But of course the liberals in Oregon are not exactly thrilled with the idea that most of their state could be ripped away from them and given to someone else.  And as long as they are in firm control of the state legislature, it is going to be exceedingly difficult for this plan to get too far.

A similar scenario is playing out in Virginia.  The Democrats have taken control of the state government, and the state continues to drift left with each passing year.

Obviously many of those living in rural Virginia counties do not like this one bit, and the recent attacks on Second Amendment rights brought things to a boiling point.

There has been a lot of talk that rural countries in Virginia could try to secede and join West Virginia, and West Virginia’s governor Jim Justice has publicly said that he would welcome those counties “with open arms”

In an unlikely bid, West Virginia Gov. Jim Justice says he would welcome neighboring Virginia counties to join his state amid Democrats’ control of Virginia’s government.

“If you’re not truly happy where you are, we stand with open arms to take you from Virginia or anywhere where you may be,” said Justice, a Republican. “We stand strongly behind the Second Amendment, and we stand strongly for the unborn.”

But once again, this effort in Virginia is facing the same sorts of obstacles that the Greater Idaho movement is facing.

Of course anything that is worth doing in life is going to require effort.  And those that are trying to secure a better future for themselves, their families and their communities should be greatly applauded for doing so.

Ultimately, this is yet another sign of how incredibly divided we have become as a nation.  In recent years we have seen multitudes of conservatives move to “red states” and multitudes of liberals move to “blue states”, and that trend is likely to accelerate in the years ahead.

It has gotten to the point where many of us literally do not even want to live in an area that is controlled by the other side, and the 2020 election is going to deepen our existing political divisions no matter who ends up winning.

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.

This Coronavirus Outbreak Is Really Starting To Take A Very Serious Toll On The Global Economy

Factories all over China have been shut down, global supply chains have been hit by an unprecedented shock, the Baltic Dry Index is absolutely collapsing, the tourism industry is being absolutely devastated, and companies all over the globe are warning that sales will be lower than anticipated this quarter.  This coronavirus outbreak is already taking a very serious toll on the global economy, and experts are warning that we could still be in the very early chapters of this crisis.  If this outbreak ultimately evolves into a horrifying worldwide pandemic that kills millions of people, what will the global economy look like a few months from now?

For the moment, more than 98 percent of the confirmed cases are still in China, but that could soon change.

And if this virus does start spreading in other countries like it is in China, that could rapidly push us into a deep global recession.

Many are fearing the worst.  In fact, Forbes is already labeling this outbreak as “a black swan event”…

A black swan event is a term used on Wall Street that refers to a rare and unpredictable occurrence that is beyond what is expected and has severe consequences. It’s derived from European explorers who had previously thought that all swans were white and only white, as that was all they knew. They were overcome with shock and confusion when Dutch explorer Willem de Vlamingh discovered the existence of black swans in Australia.

The coronavirus is a black swan event, which may have serious consequences for your job, the stock market and global economy.

Needless to say, China is feeling the most economic pain from this outbreak so far.  In this sort of an environment, it makes sense that very few Chinese citizens would want to buy homes, and that is precisely what we are currently witnessing

Bloomberg cited a new report via China Merchants Securities (CMSC) that said new apartment sales crashed 90% in the first week of February over the same period last year. Sales of existing homes in 8 cities plunged 91% over the same period.

“The sector is bracing for a worse impact than the 2003 SARS pandemic,” said Bai Yanjun, an analyst at property-consulting firm China Index Holdings Ltd. “In 2003, the home market was on a cyclical rise. Now, it’s already reeling from an adjustment.”

We have never seen an economic catastrophe of this nature since the communists took power in China, and everyone agrees that all of the Chinese economic numbers are going to be absolutely terrible for the foreseeable future.

And since more global trade goes through China than anywhere else in the world, the ripple effects are literally being felt all over the planet.

In fact, the Baltic Dry Index has fallen more than 80 percent since September and is rapidly headed toward an all-time low

The BDI is now in freefall, closing at 466 on Monday, down over 80% since September 2019. Rates for Capesize bulkers (vessels with capacity of around 180,000 deadweight tons) are now at around $3,500-$4,000 per day — less than a third of their mid-teens breakeven rates.

With economic activity all over the world steadily slowing down, there just isn’t a lot of demand right now, and large shipping companies are potentially facing an extended slump.

But things are going to be even worse for the tourism industry.  After what we have witnessed in recent days, very few people are going to want to set foot on a cruise ship any time soon.  In particular, the case of the Diamond Princess continues to make headlines all over the world, and the number of confirmed cases on board has now risen to 174

After a relatively quiet 36 hours for the ‘Diamond Princess’, Japanese authorities reported 39 more cases, bringing the total to 174 out of 492 people on board tested, while Japan’s defense Minister Taro Kono tweeted that a quarantine officer from the health ministry also tested positive for the virus. As Bloomberg notes, Carnival’s Diamond Princess cruise ship has become the biggest center of infection of any place outside of China. The Diamond Princess was placed under quarantine last week and checks were conducted after a passenger from Hong Kong who had been on the ship tested positive for the virus. The ship has become a case of concern because of the possibility of more infections in the vessel’s confined spaces, and the increased risks to elderly passengers.

To a lesser extent, the airline industry is being affected as well.

Many airlines have already suspended all flights to China, and on Tuesday American Airlines actually extended their flight cancellations until late April

Due to a reduction in demand, American Airlines on Tuesday extended its flight cancellations to and from mainland China and Hong Kong amid the coronavirus outbreak.

According to a company statement, the airline is extending the suspensions between mainland China and Dallas-Fort Worth and Los Angeles through April 24.

Flights from Dallas to Hong Kong are suspended through April 23. Flights between Los Angeles and Hong Kong are suspended through April 23.

So what is going to happen if this virus starts spreading all over the globe like it is currently spreading in China?

At that point, very few people would want to fly anywhere at all.

In fact, most people would want to avoid public places entirely.

If this crisis gets bad enough, we are potentially facing a global economic shutdown unlike anything we have ever seen before.

Let us hope that we never get to that point.

Here in the United States there have only been 13 confirmed cases so far, and most businesses continue to operate normally.

But without a doubt this crisis will have an impact, and the truth is that the U.S. economy was already starting to slow down before this virus appeared on the scene.  For example, the number of job openings in the U.S. plummeted dramatically in both November and December

The number of job openings in December dropped by 364,000 from November (seasonally adjusted), after having already plunged by 574,000 in November, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS). This two-month plunge of 938,000 job openings came after a series of ups and downs with downward trend starting after the peak in January 2019.

If this virus gets out of control in this country, it is probably going to be impossible to avoid a very serious economic downturn.

Of course even if this virus were to completely disappear tomorrow, the truth is that we would still be headed for very difficult times.

Life as we have all known it is starting to change, and the chapters ahead are going to be very, very painful.

As for this virus, let us keep hoping that this outbreak will start to subside.  Because we already have enough problems, and a horrifying global pandemic would definitely be more than enough to push us over the edge.

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.