The Global View in Perspective
Currently we have locusts in Africa in a biblical display of destruction and fires in Australia destroying our fragile global food supply. Australia typically exports 9 million tons of wheat annually and this year due to fires they will now import wheat. Combine that with locusts ravaging Africa and you have a food crisis in the making.
Pandemic Levels
The Coronavirus has been Declared Pandemic by World Health Organization as a public health emergency of international concern. This virus is behaving far more destructive than the flu and is singularly crippling our global economic supply chain. We are currently getting reports of companies world wide not having parts and supplies needed to keep working with no signs of China going back to work anytime soon.
Medical Supplies and Medicines
Approximately 80-90% of our medical supplies and medicines are expected to begin rationing as most of them come out of China. Thank you Senator Hawley for proposing legislation to fix this in the future but I’m not sure its in time, if we don’t see the Chinese back to work within a couple months it will be a zombie America when you think of anti-depressants and the like not showing up.
Impact on Global Banking
With all this said we are on the heals of a massive global banking crisis like you have never seen, all you have to do is look at the REPO Market to know that. This is coming through the largest expansion in USA history economically (11 years running) and debt levels so bad that most of our trade partners are in negative interest rates.
Financial Moves to Make Now
If there is ever a time to get dramatically diversified into precious metals like gold and silver it is now. Be very prepared for the unknown, get more gold and silver if you can, have food stored up and water to drink. This is not a time to panic but be extremely aware and prepared, this will not end soon and what you will see in the financial markets will shock you
