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Coronavirus: The Economic ‘Rescue’ Is Shafting Us

Peak Prosperity, Released on 3/31/20

To Watch Update #61, CLICK HERE

As if we didn’t have enough reasons to be angry at our “leaders”… Yes, “it didn’t have to be this way”. We should have had a much higher state of readiness to face this pandemic — it was a certainty that sooner or later, one of this magnitude would hit. So faced as we’ve been with medical supply shortages, botched mobilization efforts, and contradictory/harmful official guidance — it’s inexcusable. But just as maddening is the predictable outcome we’re seeing with governments’ response to the economic crisis triggered by covid-19. In short, as happened in 2008, those who created the economic instability in the first place, by looting and abusing the system, are being bailed out — generously. And the tab is being picked up by the taxpayer. Most folks don’t realize this because the details are hidden behind the “we need to do whatever it takes” emergency measures and the alphabet soup of “facilities” being set up to pump the stimulus out. But at the end of the day, the trillions in forgivable loans and bailouts being funded come either directly from the public Treasury or from a reduction in purchasing power of our currency. Just as we were in 2008, we are being shafted to rescue the rich. But on a much larger scale this time. Chris walks through the numbers in today’s video. These parasites are famous for saying “never let a crisis go to waste”. Perhaps it’s time for we citizens to do the same, and declare the current disaster as a reason to demand the risk-takers start eating their own losses.

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.

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