10 points on the Coronavirus phenomenon

The Stock Market collapse was not caused by the Coronavirus; it was caused by companies selling off shares that had been buying back for 10 years with zero-interest loans to artificially inflate values. The corporate debt burden became unsustainable, and share prices were bound to decline, so major sharebolders opted to sell them off first, en masse, thereby triggering the crash. It was simply well-timed to coincide with the pandemic, so no one had to take the blame for causing the biggest Stock Market freefall in history.

Lockdowns are not what worked in China. The WHO has been clear that widespread testing, isolation of confirmed cases, and contact tracing were the keys to containing the virus in China.

The fatality rate overall of the virus is likely to be less that 1%, with an obviously higher rate among the elderly and those with chronic health conditions.

The #coronavirus is asymptomatic or mild in about 95-99% of infections

Only about 12% of the deaths in Italy originally attributed to Coronavirus were actually caused by Covid19; in the other 88% death was caused by a pre-existing illness that was exacerbated by Coronavirus

The actual or potential overburdening of hospitals is not due to the severity of the virus, but rather it is due to the rampant waste and mismanagement of hospital budgets that see only about $1 out of every $7 being directed to staff, equipment, and supplies, while the rest goes to the hospital administration and to million dollar CEO salaries.

City, state, or nationwide lockdowns reduce the availability of funds for healthcare, and they create a much more serious healthcare problem as millions of people have lost their employer-sponsored health insurance

Lockdowns provide a pretext for funnelling billions, if not trillions of dollars of public funds into the private sector, particularly to the very corporations that caused the Stock Market crash

Millions of people die every year from communicable diseases, all of which, by the current popular logic, could have been prevented by lockdowns

Lockdowns are going to drive tens of millions of people into dire poverty, and governments around the world are going to be forced into debt slavery to international lenders like the IMF and World Bank, which will amount to the virtual surrender of economic sovereignty.