Peak Prosperity, Released on 2/23/20
To Watch Update #29, CLICK HERE
Things are now starting to get fast and furious. Outside of China, covid-19 is swiftly breaching defense lines all over the world.
Italy is suddenly in big trouble — with the military being called in to enforce city quarantines. Iran, South Korea & Japan similarly find themselves overwhelmed as new cases continue to spread unabated.
And there are many other countries (including the US) whose low reported numbers just don’t appear believable at this point. We may soon find out that there are many more infections worldwide than are currently understood.
As China, Italy, South Korea and a growing list of other countries are showing us, outbreaks can happen extremely fast, slamming the door shut on your window to prepare.
Which is why taking action now is critical — because a gov’t lockdown will likely catch you by surprise (armed troops, empty store shelves). After the moment it’s implemented, you will have to make do with whatever measures you put in place beforehand.
Meanwhile we’re being able to quantify the damage of the current shutdown of China’s economy. China is responsible for nearly 30% of world’s manufacturing, and it’s estimated that at this point, global trade will take a hit of nearly $600 billion.
And it gets worse. Millions of Chinese firms are going bankrupt from lack of cash flows — a national bailout by China’s banks is likely needed to keep a huge part of its industry from vaporizing. One social front, we’re hearing stories of families giving up babies they can no longer afford, as folks are becoming homeless due to lack of income.
This is likely a preview of what’s to come for other countries hard hit by this virus.
This is why the downplaying to-date of the coronavirus by world authorities is so dangerous. The risk is real and the costs are high. The masses should be preparing now.
But until they are, we need to be ahead of the curve.
Now… READ Chris’ other free reports on the coronavirus:
1) How to protect yourself & your family from covid-19: https://www.peakprosperity.com/corona…
2) How the coronavirus is going to cause a painful downdraft in the stock market: https://www.peakprosperity.com/blackswan
Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course. Chris’ latest book (co-authored with Adam Taggart) is called Prosper!: How to Prepare for the Future and Create a World Worth Inheriting.