One thing has me wondering:
We all know that big corporations own governments pretty much and because of that, direct policy decisions. But here, with shutting down entire countries, we have a situation that is apparently very damaging to many, if not most, big corporations.
So, what is up with that?
We have to think that representatives of the same international corporations are in on something, and are apparently willing to take this apparent hit, so what the heck is going on?
Just speculation, but one reason might be that the really big corporations will be "bailed out" - while the rest crumbles to dust?
That would essentially create a fascist system, except that the real control lies with the mega-corps and banks... As the Cs alluded to once I think, someone might want a "controlled demolition"...
Thinking about this, it occurs to me that this economic hit will NOT impact the real movers and shakers, and at the same time:
1. It's a good way to provoke a global recession and an economic collapse
2. Test draconian/fascist measures and its acceptance among the population
3. Promote digital currencies and kick away physical money
4. Extending on point 2, to reveal how many of us are authoritarian followers -- as in "programming is complete"
Correct me if I'm wrong but when a Country declares a "State of Emergency" it gives it certain powers, one is low interest financial aid to prop up business and Corporate Institutions to keep the economy running?
International Corporations are getting a bail-out.
Italy pumps cash into coronavirus-hit economy as death toll passes 2,000
Italy approved 25 billion euros ($28 billion) of spending measures on Monday to help the fragile economy survive the onslaught of coronavirus as the death toll in Europe's worst-affected country jumped above 2,000.
Factbox: The economic remedies for the coronavirus
Policymakers and government leaders have taken a range of measures to shore up financial markets and economies in the face of a coronavirus pandemic. Here is a list of how some of the world's biggest economies and economic blocs have reacted.
The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and launched other measures from its crisis-era toolkit, along with other central banks, to put the floor under a rapidly disintegrating global economy assailed by efforts to contain the coronavirus pandemic.
The Fed also encouraged banks to use the trillions of dollars in equity and liquid assets built up as capital buffers since the financial crisis to lend to business and households whose balance sheets and lives have been upended by the virus.
The central banks of the United States, the euro zone, Canada, Britain, Japan and Switzerland agreed on Sunday
to offer three-month credit in U.S. dollars on a regular basis and at a rate cheaper than usual.
The U.S. Treasury Department will defer tax payments without interest or penalties for certain individuals and businesses negatively impacted, aiming to provide more than $200 billion of additional liquidity to the economy.
The Small Business Administration will also provide capital and liquidity to firms affected by the coronavirus.
Earlier,
Trump signed a $8.3 billion emergency spending bill to combat the spread of the virus and develop vaccines for the highly contagious disease.
EUROPEAN CENTRAL BANK - The ECB will also provide banks with loans at a rate as low as minus 0.75%, below the -0.5% deposit rate, and increase bond purchases by 120 billion euros this year with a focus on corporate debt. The ECB’s bank supervisory arm will let euro zone banks fall short of some key capital and cash requirements, to keep credit flowing to the economy.
CHINA - China earmarked 110.5 billion yuan ($15.9 billion) to fight the epidemic.
ITALY - Economy Minister Roberto Gualtieri said
the government’s planned economic support package would total some 25 billion euros ($28 billion) to ensure that companies and workers were helped through the crisis.
JAPAN - The Bank of Japan said it would double its purchases of risky exchange trade funds (ETFs)
to a pace of around 12 trillion yen ($112.6 billion) a year
GERMANY - Germany’s center-left coalition
agreed to increase public investments by 12.4 billion euros by 2024 and to make it easier for companies to claim subsidies to support workers on reduced working hours to counter the effects of the coronavirus epidemic.
BRITAIN - Britain launched a 30 billion-pound ($39 billion) economic stimulus plan just hours after the Bank of England slashed interest rates, a double-barreled package aimed at warding off the risk of a coronavirus recession.
FRANCE - The government is allowing companies to suspend payments of some social charges and taxes, and is activating state-subsidized short-time work schemes. It has ordered the Bpifrance state investment bank to guarantee loans needed to overcome short-term cashflow problems. Paris has also allowed companies to declare force majeure due to the outbreak if they cannot honor a contract with the public sector, and is putting pressure on big companies to show similar leniency with subcontractors.
INDIA - The government is pushing state-run banks to approve new loans amounting to 500 billion-600 billion rupees by the end of March, according to government sources.
CANADA - The Bank of Canada lowered its benchmark overnight rate to 1.25% from 1.75% in response to the epidemic, prompting money markets to price in a better-than-even chance of another reduction next month. The last time it cut by 50 basis points was in 2009 during the financial crisis.
SOUTH KOREA - The government announced a stimulus package of 11.7 trillion won ($9.8 billion) to cushion the impact of the largest outbreak of coronavirus outside China. An additional 10.3 trillion won in treasury bonds will be issued this year to fund the extra budget.
'We are at war': France imposes lockdown to combat virus
French President Emmanuel Macron on Monday ordered stringent restrictions on people's movement to slow the spread of the coronavirus, and said the army would be drafted in to help move the sick to hospitals.
France to deploy 100,000 police to enforce coronavirus lockdown - minister
France will deploy 100,000 police to enforce a lockdown ordered by President Emmanuel Macron aimed at curbing the coronavirus outbreak, the country's interior minister said on Monday, and fixed checkpoints will be set up across the country.
UK's Johnson says coronavirus will be 'very considerable challenge' for business
The spread of coronavirus will be a "very considerable challenge" for British businesses, and
the government will do all it can to resolve cashflow shortfalls and help them recover, Prime Minister Boris Johnson said on Monday.