The Coronavirus Is A Nightmare For The Global Economy (Video)
The Coronavirus Is A Nightmare For The Global Economy Video by Chris Martenson
As China now has placed over 400 million of its citizens under quarantine, China’s economy is grinding to a halt.
Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports are no longer shipping. International flights are increasingly banned from the country.
When the world’s #2 economy hangs up a big “CLOSED” sign, that’s going to result in a major negative impact on global trade.
As the manufacturing powerhouse to the world, you’ll be challenged to think of ANY industry that won’t experience serious supply chain interruptions and shortages from China’s woes. Did you know China makes the vast majority of our prescription pharmaceuticals?
A MASSIVE hit to the global economy will directly result from the damage the coronavirus is currently doing. And it may get worse, a lot worse.
So ignore today’s ridiculous all-time high stock prices. They can’t last in the face of what’s coming.