Very Soon Kashkari Says Only Way to “Save Economy” Is to Lock It Down “Really Hard” for 6 Weeks…
Minneapolis Fed President (as well as former Assistant Secretary of the Treasury for Financial Stability under the Bush and Obama administrations, former PIMCO and former Goldman Sachs employee) Neel Kashkari said the only way to save American lives from COVID-19 is to fully lock down the entire nation and all of its inhabitants.
“That’s the only way we’re really going to have a real robust economic recovery,” the American banker told CBS’s Face the Nation. “Otherwise, we’re going to have flare-ups, lockdowns, and a very halting recovery with many more job losses and many more bankruptcies for an extended period of time, unfortunately.”
Kashkari said that the path of the economy would hinge on success in getting the pandemic under control, and suggested that while very unpopular, a stringent economic lockdown might be the lesser of two evils to more quickly restore growth and hiring, rather than waiting for the eventual arrival of a vaccine.
“I mean if we were to lock down really hard, I know I hate to even suggest it, people will be frustrated by it, but if we were to lock down hard for a month or six weeks, we could get the case count down so that our testing and our contact tracing was actually enough to control it the way that it’s happening in the Northeast right now”, Kaskhari said.
However, the truth of the matter is that the Federal Reserve banker just wishes to secure another stimulus package bailout for the Fed worth trillions of dollars in a last-ditch effort to prop up the economy one last time before it becomes fully blown out.
To top it all off, Kashkari believes he can convince the general public that having their businesses shut down and forcing people to stay at home with no pay will somehow get the economy bustling again when in all actuality the diabolic plan makes no sense and even JPMorgan now advising against a broad lockdown, to wit:
In our opinion, re-imposing city lockdowns at this stage might be not be the ideal solution to control infection, from a cost/ benefit perspective, especially for developed countries. Even for developing countries, an overall cost-benefit analysis indicates that, in a potentially bigger second wave, lockdowns may not be the ideal approach.
Even Bloomberg admits a new shutdown woutd be catastrohic, with strategist Richard Jones writing that “fresh lockdowns would hurt risk assets in a big way and would test the limits of policy makers’ capacity to enact fiscal and monetary stimulus.”
This will be bad news for equities in general, but it could be that the outperfomers during the initial economic shutdown would do so again (eg, tech, basic staples). In order for this to happen, however, it would require another round of unprecedented policy responses.
For the Fed and BOE, the markets would probably look to price negative policy rates more aggressively, and lots more QE. For the ECB, QE expectations would also ramp higher, and lower policy rates could not be ruled out either. On the fiscal side, spending of a similar magnitude of what already was conducted would likely be needed again.
Which appears to be precisely what the Fed wants: another tsunami of liquidity following a second self-inflicted suicide of the economy.
The bottom line is, the Fed – which after failing catastrophically at hitting its inflation objective has now switched to being an expert in such matters as climate change and racial inequality – is setting the stage for another multi-trillion-dollar bailout which would be promptly catalyzed by another economic shutdown, which in turn would set the stage for the next major economic crisis, one in which as discussed yesterday, the Fed would proceed to send money directly to US households, sparking a long-overdue inflationary conflagration.
COVID-19: Phase 1 Of The “Permanent Crisis”
Let’s assume that the events of the last five months are neither random nor unexpected.
Let’s say they’re part of an ingenious plan to transform American democracy into a lockdown police state controlled by criminal elites and their puppet governors.
And let’s say the media’s role is to fan the flames of mass hysteria by sensationalizing every gory detail, every ominous prediction and every slightest uptick in the death toll to exert greater control the population.
And let’s say the media used their power to craft a message of terror they’d repeatedly repeat until finally, there was just one frightening storyline ringing-out from every soapbox and bullhorn.
One group of governors from the same political party implementing the same destructive policies. One small group of infectious disease experts is incestuously related– issuing edicts in the form of “professional advice.”
Could such a thing happen in America?
What’s most astonishing about the Covid-19 operation is how the elected government was circumvented by public health experts (connected to a power-mad billionaire activist.) That was a stroke of genius. Most people regard the US as a reasonably stable democracy, and yet, the first sign of infection triggered the rapid transfer of power from the president to unelected “professionals.” The conflicts of interest of the latter are too vast to list.
Equally fascinating is the fact that the lockdowns were not the brainchild of Donald Trump but the mainly Democrat governors who shrugged-off any Constitutional limits to their power.
Arbitrarily ordered people to stay in their homes, wear masks, and avoid close physical contact with other humans.
All of this was done in the name of “science” and condoned under “emergency powers,” even though mass quarantines of healthy people have no historical precedent or scientific basis. No matter, this was never about science or logic anyway, and it certainly wasn’t about saving lives. It was always about power, pure, unalloyed political power—the ability to push the economy into freefall, destroying millions of jobs and businesses. The power to bail out Wall Street while diverting attention to a fairly-mild infection kills roughly 1 in every 500 people. The ability to create a permanent underclass willing to work for table scraps or less. And the power to fundamentally restructure human relations so that normal intimacies like handshakes, hugs, or social gatherings are entirely banned. This, of course, was the most ambitious part of the project, the first changes to human interaction that date back thousands of years, and which are now seen as an obstacle to a new order in which the individual must be isolated, desensitized and kept in a constant state of fear to be more easily controlled and manipulated.
On top of that, all of this is taking place in plain sight where anyone with even minimal critical thinking skills should be able to see what is happening, but very few do. Why is that?
Fear. Fear has gripped the population and is preventing typically intelligent, perceptive people from seeing something that’s right beneath their noses. Check out this clip from an article titled “When Will the Madness End?”:
“What’s happening now is the spread of this serious medical condition to the whole population… The public is adopting a personality disorder paranoid delusions and irrational fear
It can happen with anything, but here we see a primal fear of disease turning into a mass panic
… Once fear reaches a certain threshold, normalcy, rationality, morality, and decency fade and are replaced by shocking stupidity and cruelty.….. We find that whole community suddenly fix their minds upon one object, and go mad in its pursuit.
That millions of people become simultaneously impressed with one delusion and run after it until their attention is caught by some new folly more captivating than the first.
This is made far worse by politics, which has only fed the beast of fear. This is the most politicized disease in history, and doing so has done nothing to help manage it and much to make it all vastly worse.” (“When Will the Madness End? “, AIER)
We’re not saying that Covid doesn’t kill people, and we’re not suggesting that Covid is a bioweapon released on the public for nefarious purposes. (although that’s certainly a possibility.) We’re saying that scheming elites and their allies in the media and politics see every crisis as an opportunity to advance their authoritarian agenda.
The restructuring of primary democratic institutions can only take place within the confines of a major crisis. That’s why the CIA, the giant corporations, the WHO and the Gates Posse gathered for meetings that anticipated an event like the Covid outbreak. They needed a crisis of that magnitude to achieve their ultimate objective; total control. That’s what they mean when they say there will be “no return to normal,” they mean they’re replacing representative government with a new totalitarian model in which they will control the levers of state power. So while the virus outbreak might be coincidental, the management of the crisis certainly is not. This is from an article by Gary Barnett:
We are in the midst of an attempt by the oligarchs to eliminate the human spirit, and if this attempt is successful, the singular majesty of the human experience will have been abolished, and only a technocratic black hole of emptiness and despair will remain. This is the essence of a failed society brought about by the destruction of human intellect by state education, mass propaganda, and the planned control of individuals through physical and psychological manipulation due to fear.
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven and Half Years of Hell on Earth Which Began January 1, 2020
“Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed” (Isa. 59:14, NLT)…We Turned Our Backs On GOD, Now We Have Been Left To Our Own Devices, Enjoy…
While Mainstream Media Continues to Push a False Narrative, Big Tech Has Keep the Truth From Coming out by Shadow Banning Conservatives, Christians, and Like-Minded People, Those Death Attributed to the Coronavirus Is a Result of Those Mentioned, They Truly Are Evil…
Watchmen does not confuse truth with consensus The Watchmen does not confuse God’s word with the word of those in power…
In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Globals are behind the CoronaVirus, It Is a Man-Made Bioweapon.
For those of you who care, Google and your favorite social media platforms have misled you, and now we all pay a heavy price for trusting the ungodly, Google and company knew exactly what they were doing, removing our history while preparing you to accept the New World Order playbook, Enjoy
The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation