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The ‘Take This Job and Shove It’ Recession

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

So hey there Corporate America, the Fed, and your neo-feudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming.

Conventional economists, politicos, and pundits are completely clueless about the unraveling that’s gathering momentum beneath the superficial surface of “reflation” because they don’t yet grasp we’re entering an unprecedented new type of recession: a ‘Take This Job and Shove It’ recession which is unlike any previous downturn.

Long-time readers know I’ve addressed the emergent class structure and systemic decay of the socio-economic order for many years. Just as a quick refresher, here are a few of the dozens of essays I’ve written on these topics:

America’s Nine Classes: The New Class Hierarchy 4/29/14

The Managerial/ Professional Class Is Burning Out 3/28/16

America’s Metastasizing Class Wars 8/27/20

This Is How It Ends: All That Is Solid Melts Into Air 9/10/20

This Is Why Inflation Will Rip Everyone’s Face-Off 9/17/20

What the chattering class of apologists, toadies, lackeys, factotums, and apparatchiks missed about the pandemic lockdown was the tidal change in perceptions of work and life enabled by a withdrawal from the deranging frenzy of work: once people had time to reflect on their lives, mortality, goals, identity, and the soaring costs and dwindling rewards of their efforts to “get ahead” via slaving away in a dead-end job/career, the tune that began to haunt their subconscious ruminations was Johnny Paycheck’s timeless classic, Take This Job And Shove It (2:31).

Whether anyone in the halls of power cares to notice or not, a mass withdrawal from the workforce is underway. What’s remarkable about this swelling exodus is that it isn’t confined to one class of workers: low-wage workers are jumping ship en masse, but so are mid-level white-collar workers and well-paid but overworked technocrats in the top 10%.

As the professional apologists frantically spew rah-rah PR about the “recovery” (you mean we’re all addicts and are now “recovering”?), the workforce is finally awakening to the emptiness of the PR: the rewards of the economy have flowed to two classes: the Financial Aristocracy (a.k.a. the New Nobility in our neo-feudal economy), the top 0.1% who now own more wealth than the bottom 80% of American households, and speculators, from the scammers on Wall Street to the daytraders gambling their stimmy payments.

The reality that wages have stagnated for the past 50 years is finally sinking in, and people are responding accordingly. By any realistic measure, most workers have lost ground when the purchasing power of their wages in the 1980s is compared to what their earnings buy now in healthcare, childcare, rent, higher education, property taxes, etc.

The erosion of labor’s value has been catastrophic for the bottom 60%. As I recently noted, I was making $12 an hour in 1985, an OK wage but nothing special, and after 36 years of inflation, many workers are still earning $12 an hour–or less. Measured in purchasing power, wages have declined since the early 1970s.

Take a glance at the chart below of wage’s share of the economy and observe it’s been in a downtrend since the early 1970s.

Meanwhile, the cost of big-ticket expenses such as healthcare, childcare, rent/housing, and higher education have tripled. Even high-earners such as physicians have lost ground, as their salaries in 1985 bought far more goods and services than their salaries do today.

Young high-earners have been flocking to the FIRE movement for years: financial independence, retire early is the upper-middle-class way of saying Take This Job And Shove It, as the goal is to save enough earnings by scrimping and saving to exit the workforce for good while still in your early 30s.

Lower-wage workers are finding other workarounds. Much to the consternation of employers, many are milking the extended unemployment payments. But beneath the radar, others have carved out informal-economy niches or found ways to slash their living costs–for example, constructing a micro-home on a cheap plot of rural land and saying goodbye to McMansion dreams and $2,000 a month rents for tiny apartments in decaying urban cores.

Even highly paid people are realizing that the meager rewards of slaving away to make Corporate America another couple trillion in profits isn’t worth their life. As desperate employers offer overworked technocrats bonuses to keep them slaving away, the workers are plowing the bonuses into bets they hope will pay off and fund their escape from neo-feudal serfdom sooner than planned.

While the apologists, toadies, lackeys, factotums, and apparatchiks serve their neo-feudal lords for pennies tossed in the sawdust, the most productive workers are melting away. Nobody dares mention the number of physicians and nurses who are leaving America’s sick-care system; once again, the pandemic served as a catalyst for action to be taken on long-simmering frustrations.

YOLO (you only live once) isn’t just about making risky bets in bubblicious markets–it’s about deciding to do something else with your life other than make Corporate America another couple trillion in profits or keep your small business afloat as taxes, fees, penalties, surcharges, rent, and every other expense soars.

The pandemic posed a question few had time to ponder: what’s the point? What no financial analyst dares confess is the corporate profits they cheer every quarter have come at a cost that many Americans will soon be unable to bear. Millions of highly experienced, essential employees are either planning to quit, retire, cut their hours or switch to lower-stress jobs.

It isn’t easy to escape the clutches of the Corporate-State neo-feudal system; the costs (tangible and intangible) of self-employment have been rising steadily for decades:

The Troubling Decline of Financial Independence in America (August 28, 2015)

The Fading American Dream of Working for Yourself (October 2015)

Social Mobility between classes has decayed, and people are finally beginning to grasp this. After you do all the right things–borrow a fortune to get a college degree, build your resume with low-paying jobs working ridiculous hours, etc., you eventually realize you’re a precariat just like everyone else. Maybe a better-paid precariat, or maybe a poorly-paid precariat, but this is all the Financial Mobility you’re ever going to get.

The Top 0.1% winners in this system are protected by the Federal Reserve, while the losers are strip-mined by crushing taxes. Even if they don’t understand the exact mechanisms of the Federal Reserve’s bag of tricks, they now understand the rich get richer and the state protects them from the precariats and serfs doing all the work.

The Federal Reserve can conjure up trillions of dollars out of thin air to further enrich the nation’s parasitic elite, but they can’t print experienced, motivated workers or people with entrepreneurial skills.

The danger to the state is not who rebels but who opts out. Outright rebellion suits the state, as it can turn its monopoly on force on the citizenry. But when those keeping everything glued together have had enough and find a way to quit, the entire system starts unraveling in ways the state is powerless to stop.

If the Technocrat Caste opts out, the private sector loses its tax donkeys and managerial expertise. If what remains of the middle class opts out, what’s left of America’s civic glue disappears.

If the working poor opt-out, the scut work required to provide the upper classes with their comforts will not get done. (Hey, Mr. State Bureaucrat and Mr. Financier, here’s a saw and a knife. Butcher your own meat.)

There’s only so much inequality and unfairness a workforce can bear, and America is well past that point. To those who claim “people can’t afford to quit,” just watch. Those who’ve had enough are finding ways to opt-out. There’s plenty of woodwork to disappear into.

So hey there Corporate America, the Fed, and your neo-feudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming.

So take this job and shove it, I ain’t working here no more. I’m stepping off the rat-race merry-go-round, thank you very much. You can find some other sucker to do your dirty work and BS work, all for the greater glory and wealth of your New Nobility shareholders. I’m outta here. So I won’t get rich, that dream died a long time ago. What I’m interested in now is getting my life back and getting the heck out of Dodge as things unravel.

Of related interest:

My book Get a Job, Build a Real Career and Defy a Bewildering Economy is a primer for those seeking sustainable self-employment in the nooks and crannies of the economy.

If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

The post The ‘Take This Job and Shove It’ Recession first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Waiting For The Other Shoe To Drop…

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

Do you feel like another major crisis could erupt at any moment?  If so, you are certainly not alone.  Here in 2020, it has just been one thing after another, and we have come to expect the unexpected.

Right now, so many people that I am hearing from are anticipating that more big trouble is just around the corner, but as we wait for “the other shoe to drop”, economic conditions all over the United States continue to rapidly deteriorate.  For example, on Thursday we learned that the number of initial claims for unemployment benefits last week was the highest in four months

The US job market continues to suffer, and Thursday brought more bad news. Another 885,000 people filed for first-time unemployment benefits last week — an increase from the week prior and higher than the 800,000 claims that economists were expecting.

The latest figures, which are adjusted for seasonal factors and reported by the Labor Department, are particularly grim since last week’s numbers were revised up to 862,000. And even before the revision, that week had been the highest level since mid-September.

This isn’t how the numbers were supposed to be trending.

For four of the past five weeks, we have seen the number of new unemployment claims go up, and experts are warning that we should expect things to get even worse as we head into winter

‘US weekly jobless claims continue to head in the wrong direction,” Edward Moya, an analyst at the currency trading firm OANDA, wrote in a research note.

‘The labor market outlook is bleak as the winter wave of the virus is going to lead to more shutdowns.”

Could we soon see more than a million Americans filing new claims for unemployment each week like we did earlier in the pandemic?

To put this in perspective, the previous all-time record prior to 2020 was just 695,000, and that old record was set all the way back in 1982.

We absolutely shattered that record once COVID-19 started spreading widely in the United States, and we have been above that old record every single week throughout this entire pandemic.

Just think about that.

We are seeing numbers that we have never seen before in all of U.S. history every single week, and now they are starting to climb higher once again thanks to the new lockdowns.

In addition, the number of Americans that are collecting unemployment aid from two major federal programs is also on the rise again

The number of jobless people who are collecting aid from one of the two federal extended-benefit programs – the Pandemic Unemployment Assistance program, which offers coverage to gig workers and others who don´t qualify for traditional benefits – surged to 9.2 million from 8.6 million for the week that ended Nov. 28.

But the number of people receiving aid under the second program – the Pandemic Emergency Unemployment Compensation program, which provides 13 weeks of federal benefits to people who have exhausted their state aid – also rose from 4.5 million to 4.8 million.

By now, the “recovery” was supposed to be in full gear, but instead, major companies keep laying off more workers at an astounding pace.

For example, on Thursday we learned that Coca-Cola will be eliminating 12 percent of their entire U.S. workforce…

Coca-Cola is planning to cut 2,200 jobs, including 1,200 in the United States, as it faces declining sales during the pandemic.

In the United States, where there were about 10,400 employees at the end of last year, the cuts represent roughly 12% of the workforce. In Atlanta, where the company is headquartered, about 500 jobs are being eliminated, the company said Thursday.

Coca-Cola wouldn’t be doing this if the U.S. economy was about “to turn a corner”.

All of these big corporations that are letting workers go can see what is about to happen, and they are slimming their payrolls in an attempt to make it through the coming storm.

Meanwhile, Congress is getting close to approving yet another “stimulus package”, and the Federal Reserve is promising to do whatever it takes to support the financial markets.

Trillions upon trillions of dollars are being slammed into the system, and as a result, M2 is up more than 60 percent so far this year.

In other words, our money supply has been increasing at an almost vertical rate in 2020.

Back in November, I included a chart in an article that I wrote which shows exactly what I am talking about.  If you are not one of my regular readers, you can find that article right here.

For many years, many of us have been warning that hyperinflation would arrive someday.

But now we can stop warning because the process has actually started.

Other industrialized nations have also been flooding their systems with new money, and this is really starting to drive up food prices all over the globe.  The following comes from Zero Hedge

The reason this has suddenly become a hot topic is because while overall inflation remains subdued (we will spare a discussion here of why the CPI is purposefully distorted to stay as low as possible – readers can catch up herehere and here), food inflation has been on a tear in recent months. In fact, it has gotten so high that earlier this week Goldman published a report looking at “The Recent Spike In Food Inflation”, in which it noted that “in recent months, inflation has risen and surprised to the upside across a number of major EM economies (e.g. Turkey, South Africa, India, Brazil andRussia).” According to Goldman, one of the main drivers of these increases has been higher food inflation, which has coincided with a sharp increase in the price of some key agricultural commodities (e.g. grains, oils and soybeans).”

Sadly, this is just the beginning.  Eventually, the food riots which have already started on the other side of the planet will start happening in the western world too.

And as hungry people become increasingly desperate, I believe that eventually, companies will start putting armed guards on food trucks.

We aren’t quite there yet, thankfully, but things are really starting to get crazy out there.

A few days ago I went to the supermarket again, and I really tried to economize and get things that were on sale, but I still spent more than 260 dollars on one cart of food.

Just one cart!

As the cost of living continues to soar into the stratosphere, many American families are going to discover that they are no longer able to afford enough food for the week.

And once millions upon millions of Americans get desperately hungry, that is when we will see absolutely insane economic riots in this country.

All of these things are coming, and we definitely will not have to wait very long at all for “the other shoe to drop”.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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Why Central Bank Digital Currencies Are a Bad Idea

This article was originally published by Tomas Forgac at the Mises Institute. 

Central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. Some say that these cashless payments will rob us of the privacy advantages of cash while exposing us to bank runs, payment network blackouts, and foreign financial adversaries.

Yet while these risks are real, they would be negligible had it not been for the central banking and financial regulators’ interventions into the market. CBDCs make these interventions worse and introduce some new, much bigger ones.

Design Implications

While the stated intention behind CBDCs is to keep the commercial banks in the picture, these digital currencies will bring their end-users closer to the central banks. This is because blockchains and blockchain-inspired distributed ledger technologies are built on a single common ledger, which is distributed either in a permissionless or permissioned manner. The permissionless distribution exposes a lot of information about the network participants but in combination with proof-of-work verification makes it very difficult for an adversary to attack and overtake the network and, e.g., change the inflation rate.

A permissioned network with no proof-of-work or similar consensus algorithm not only doesn’t provide the immutability feature but by having a single permissioned ledger gives potential control to those who grant the network privileges. As a result, the central bank as the ultimate permission issuer would have much stronger control over the monetary system and payment network than it has right now. This gives the central banks three very dangerous capabilities.

Helicopter Money

The reason why we’ve seen such an elevated business cycle over the past century is the central banking fiat money system. Unnatural expansion of the money supply causes booms, which are unsustainable, and markets try to clear them when they are exposed as such.

Economists of the Austrian school understand that the boom is the real problem and the economic crisis is the necessary and positive cleansing mechanism. Unfortunately, the (neo-)Keynesian response to such an event is to prop the markets up by further monetary interventions.

The problem is that the current design of the banking system requires the intermediary role of commercial banks in issuing credit to businesses. Central banks get frustrated when the commercial banks exercise caution in an economy that hasn’t fully cleared the previous misallocations and hasn’t brought prices of capital goods to more sustainable levels. Needless to say, commercial banks’ cautious approach to consumer credit in a period of growing unemployment doesn’t align well with the central bank’s goals either. During the covid crisis, the governments managed to an extent to get around these hurdles by issuing benefits en masse, but those are complicated by logistics, bureaucracy, or legislation. Since the predominant Keynesian narrative is that spending drives the economy (hint: it doesn’t—capital investments do), the central banks would like to spur more consumer spending by issuing money supply directly to consumers.

With closer integration of the monetary spigot and the end consumers and businesses, the central bank can much more easily issue credit or just outright cash-outs to the private individuals and commercial entities by simply “airdropping” new tokens to the existing users. They would not even compromise their stated intention of keeping the commercial banks in the picture—they would still serve as custodians of the token keys and even have the ability to issue credit along the traditional lines.

This would lead to disastrous consequences. Economies get easily addicted to central banks’ dope. With every new crisis, the chief monetarists have had to increase intervention doses the same way as junkies have to do with their drug of choice. As with every addiction, the longer it lasts and the stronger it grows, the more difficult it is to cure. And while monetary overdoses such as we’ve seen in Zimbabwe or Venezuela might not come for a long time, if ever, junkies don’t perform well, as Japan’s three lost decades of Bank of Japan (BOJ) interventions have demonstrated.

Negative Interest Rates

Hoarding is evil—or so the modern monetarists’ narrative goes. In the Keynesian framework, there is no space for the function of cash as a hedge in times of uncertainty. Savings are just money that doesn’t work in spurring the miracles of spending- and money supply–driven economic growth. Negative interest rates, then, are potentially the most effective method of preventing hoarding—by incentivizing savings account holders to spend their depreciating balances. Currently, the central banks have to rely on commercial banks to pass the negative interest rates on to their customers, but commercial banks instead are trying to convince the account holders to move their deposits from negative-yielding accounts to interest-yielding products and are consuming the negative rates on most of the outstanding cash balances.

With the central bank tokens being tied more tightly to their issuance authority, it would be much easier for the monetary interventionists to impose negative interest rates on all tokens in circulation. This would certainly increase the consumers’ and businesses’ propensity to spend and would also drive asset prices up as people tried to offload their cash savings. But to think of this as something beneficial is foolish. It was massive spending, record-low savings, and unsustainable asset valuations that led to the credit bubbles and crises of the past decades. To think that more of the same recipe will lead to a different, let alone better, outcome is ludicrous.

Financial Surveillance

The final major implication of cash tokenization is the potential it creates for financial surveillance. The central banks are ostensibly introducing digital tokens to protect people’s privacy in the face of those reducing their anonymous cash usage. But the idea that a branch of government that imposes KYC/AML rules on existing crypto token platforms, limits physical cash use to prevent tax avoidance, and uses financial surveillance to catch nonviolent “criminals” cares about our privacy is laughable.

They’re not even hiding the fact that tokenization of money would allow them to run what they call “data analytics.” To think that they would not make the leap from aggregate analytics to individual data processing would be naïve.

It’s not a coincidence that China is the global leader in CBDCs. The surveillance potential of centralized tokenization is extremely attractive to a government that tries to keep tabs on every aspect of the lives of their underlings.

Pro-CBDC Arguments Are Misleading

The proponents of the central banking tokens argue that consumers need to be protected against targeted attacks on a country’s payment network. While such a risk exists—for example, if a country like Switzerland tried to provide anonymity for foreign depositors (as it used to) and as a result Visa and Mastercard were pressured to shut down their payment networks for the country—if it materializes, the economy can always temporarily revert to cash, supported by a vast network of local ATMs and bank branches.

If anything, the biggest attacks on monetary exchange in the Western world have come from the governments themselves suspending or limiting cash withdrawals in times of liquidity crises, as was the case in Cyprus or Greece (not to mention that central banks themselves caused those crises with their credit bubbles of the preceding periods).

The argument about the protection of consumer privacy doesn’t pass the laugh test considering the history of continuous erosion of financial privacy by central banks and financial regulators.

CBDCs Will Come and Will Make Things Worse

In conclusion, the reasons why central banks champion CBDCs are the strongest reasons for which people should oppose the transition toward them. But while the pretense of an investigation into fiat money tokenization gives the impression of there being a debate on the topic, the reality is that there is no debate: the digital currencies will go through and give central banks more control than they had before with all the disastrous consequences such control brings.

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Economists: The Way Out of The Recession Depends on Level of Fear

Some economists say that in order to beat this recession, consumers have to be in a less fearful state.  Considering most turn on the TV or their phone first thing in the morning for their daily dose of mainstream media’s propagandized weapon of fear, it’s not looking good.

According to CNBC, an outlet that’s propagated and weaponized fear for the elitists, the recovery, economists say, will depend on individual psychology, overall consumer confidence, and also whether the government was successful enough in filling the income gap for the workers who lost their jobs.

The end of this recession will depend much more on how consumers react than in past recoveries. “It’s much more behavioral. It’s not just driven by incomes. It’s driven by fear,” said Diane Swonk, chief economist at Grant Thornton. Economists have been looking to China as an example since the disease started there. “Even a month after they reopened in Wuhan, people are still worried about going to public places and malls.” –CNBC

Those who don’t fear the virus, fear the economy, and what people should be doing right now is connecting the dots.  Fear is the tool they have been using to create slaves.

Many Americans have woken up to what’s going on and the plan for their totalitarian enslavement to the elitists for the rest of humanity’s existence, but some still have not. We still have cops tossing people in jail for the “crime” of choosing to live freely, which is every human’s birthright. The police state is still alive and well, and until we have a breakthrough with the brutal enforcers of this tyranny, people will fear the consequences of freedom.  That’s the disturbing reality that we’ve found ourselves in thanks to humanity’s willingness to give up their human rights for the illusion of state-sponsored safety.

If you’ve ever wondered why we suggest gold or other precious metals (cryptocurrency may be an excellent option as well), think about the Cloward-Piven plan.

With the national debt so high, and enough people now living off the state, the elitists and powers-that-shouldn’t-be never intended the bailouts to “help”, but rather to crash the economy on purpose (because the slaves obeyed the master and shut down) so they can usher in their new one-world government and currency.

We can all see what’s happening, and as the above video says, you will only be able to stick your head in the sand for so long. The entire system is corrupt and they intend to double-down on a global scale and enslave everyone. And yes, this goes for Donald Trump. He’s not the savior anyone has been waiting for.

The Establishment Doesn’t Fear Trump, And It Doesn’t Fear Bernie. It Fears You.

He was put in power to give people the illusion of choice. If he was going to save humanity, he would have done so long before we reached this point. He’s, in fact, sitting back, working on a mandatory vaccine with Bill Gates, and allowing Dr. Anthony Fauci to call the shots.

Tyrant Fauci EXPOSED: Explain The $3.7 Million In Funding To Wuhan Lab

The real question, is will you use their money and participate in your own enslavement? Or will you live freely as was intended?

Prepare for the upcoming government-induced food shortages, as well as riots and civil unrest.

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“No Country Has An Exit Strategy” – Experts Warn Virus Disruptions Could Last Months, Years

This article was originally published by Tyler Durden at ZeroHedge.

The duration of the pandemic is different among experts. 

Michael Levitt, a Nobel laureate and Stanford biophysicist, said earlier this week that the COVID-19 pandemic could be nearing an end as he cited China’s curve flattening to support his hypothesis. Other experts have said there is no clear endpoint, and the virus crisis could be around for months, or even years.

So, the trillion-dollar question: Who should we believe?!

One positive step in slowing down the spread is the shutdown of the global economy. Strict social distancing measures, mass quarantines, and travel bans across the world has flattened the curve in China, with decelerating cases and deaths seen in Italy, Iran, and South Korea.

Then the rest of Europe, with Spain, Germany, France, the UK, are all experiencing accelerating cases that will likely get worse in the weeks ahead.

And, the bad news: both the US and India are at the very start of the curve and things will deteriorate in the weeks ahead before they get better.

So clearly, the pandemic will be sticking around for the next several months. Prime Minister Boris Johnson believes the UK, which is in the early part of the acceleration phase, could see the outbreak peak within the next 12 weeks.

BBC News notes that it could “take a long time for the tide to go out,” referencing that the virus crisis in the UK could be around for quite some time:

It is clear the current strategy of shutting down large parts of society is not sustainable in the long-term. The social and economic damage would be catastrophic.

What countries need is an “exit strategy” – a way of lifting the restrictions and getting back to normal.

But the coronavirus is not going to disappear.

If you lift the restrictions that are holding the virus back, then cases will inevitably soar.

Mark Woolhouse, a professor of infectious disease epidemiology at the University of Edinburgh, said there’s no clear “exit strategy” for how countries eradicate COVID-19.

“It’s not just the UK, no country has an exit strategy,” Woolhouse said.

To fully eradicate the fast-spreading virus from a country, there needs to be a vaccine, and with one 12-18 months away, this suggests that lockdowns could become the norm this year, and maybe into next.

“Waiting for a vaccine should not be honoured with the name ‘strategy,’ that is not a strategy,” he added.

Prof Neil Ferguson from Imperial College London said it could take several years for people in the UK to build up a natural immunity to the virus:

So eventually, if we continued this for two-plus years, maybe a sufficient fraction of the country at that point might have been infected to give some degree of community protection.”

Woolhouse said while the world waits for a vaccine, there could be “permanent changes in our behavior that allow us to keep transmission rates low.”

Countries across Europe, the Americas, and Asia have no exit strategy, at the moment, to fully eradicate COVID-19, and this is concerning because even if social distancing and quarantines are lifted in some regions, the fast-spreading virus could resurface in waves, sort of like what happened with the Spanish Flu over a century ago.

So, until there’s a vaccine, people of the world should get used to “Netflix and quarantine.”

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