Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Contagion! Global Financial Collapse?!

January 31, 2020 by mosesman

  • Contagion!
    by JAMES RICKARDS, https://dailyreckoning.com/, 27 Jan 2020
    The world is confronting the effects of the “coronavirus.” It likely originated in Wuhan, China, where it jumped from animals to humans at a local food market. It has since spread to other parts of China and beyond.
    –
    So far, there are 2,886 confirmed total cases of the coronavirus. All but 61 of them are in mainland China. The death toll so far is 81. But cases have also been found in France, the U.S., Canada, Australia, Japan, South Korea and elsewhere. That list includes the world’s three largest economies (the U.S., China and Japan).
    –
    For many, it recalls the SARS outbreak of 2003, which also originated in China. It ultimately killed 774 people and infected more than 8,000 in different parts of the world. Not surprisingly, global markets are on edge over fears of the “coronavirus” contagion spreading. And the U.S. stock market sold off today. The Dow lost 454 points. The S&P and Nasdaq also had awful days. But gold has a good day, up over $10 to $1,582, as investors looked for safety.
    –
    But let’s discuss the word “contagion,” because it applies to both human populations and financial markets — and in more ways than you may expect. There’s a reason why financial experts and risk managers use the word “contagion” to describe a financial panic. Obviously, the word contagion refers to an epidemic or pandemic. In the public health field, a disease can be transmitted from human to human through coughing, shared needles, shared food or contact involving bodily fluids.
    –
    An initial carrier of a disease (“patient zero”) may have many contacts before the disease even appears. Some diseases have a latency period of weeks or longer, which means patient zero can infect hundreds before health professionals are even aware of the disease. Then those hundreds can infect thousands or even millions before they are identified as carriers.
    –
    In extreme cases, such as the “Spanish flu” pandemic of 1918–20 involving the H1N1 influenza virus, the number infected can reach 500 million and the death toll can run over 100 million.
    –
    A similar dynamic applies in financial panics. It can begin with one bank or broker going bankrupt as the result of a market collapse (a “financial patient zero.”) But the financial distress quickly spreads to banks that did business with the failed entity and then to stockholders and depositors of those other banks and so on until the entire world is in the grip of a financial panic as happened in 2008.
    –
    read more.

end

Post navigation

Previous Post:

Wuhan Virus Outbreak: The Latest Global Numbers at a Glance

Next Post:

The TRUTH About Coronavirus & Our Fragile Civilization

Pages

  • About

Recent Posts

  • Chinese Military Announces YJ-21 Mach 10 Missile Abilities in Social Media Post Read as Warning to US Amid Tension in Taiwan Strait
  • Pfizer CEO Made ‘Misleading’ Statements on Vaccinating Children Against COVID-19: UK Watchdog
  • Warning Issued for Petrodollar
  • WARNINGS Chemical Attack TRUTH is Coming Out in Syria, the Deep State is Mad | Redacted News
  • Middle East Escalation: What Next After Iran Blames Israel for Drone Strike? • FRANCE 24 English
  • Financial Repression Will Dispossess the Masses
  • Why the End of the Petrodollar Spells Trouble for the US Regime
  • Latin America’s New ‘Sur’ Currency Bloc: Regional Integration vs. the Weaponized Dollar
  • Top Thai Authorities Including Advisors to the King in Discussions with Prof. Sucharit Bhakdi Are Prepared to Declare Pfizer Contracts Null And Void!! Royal Family Alerted: Princess is Most Likely a Victim of the Jab!!
  • Recent Data Shows ‘Stunning Increase’ in Serious Harm Reports in Young Healthy Pilots: Army Lt. Col. Theresa Long
  • Marxist Economist Richard Wolff on How the Debt Ceiling Benefits the Rich & Powerful
  • We Just Witnessed An Economic Sign That Hasn’t Happened Since The Great Depression
  • BREAKING! “It Has Started”, Putin is Done Playing Games Mobilizes Forces | Redacted News
  • Bill Holter: Perhaps the Fed’s Plan is to Crash the System
  • Escape The System; Complete Shutdown Could Happen Fast | Bill Holter
  • Globalist Trojan Horse To End American Freedom: Article V. and The Constitutional Convention
  • Alex Jones Returns! Wednesday Live Must Watch: Russia Warns of Looming Armageddon As Ukraine Demands Nuclear Weapons – WEDNESDAY FULL SHOW 02/01/23
  • Situation Update, Feb 1, 2023: It’s TOO LATE for NATO to Win The War Against Russia
  • Is This The Year The DOLLAR Ends?
  • The Horrors Of Ukraine: Beheaded Jews and Child Organ Harvesting Operation Found In Ukraine

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
January 2020
M T W T F S S
« Dec   Feb »
 12345
6789101112
13141516171819
20212223242526
2728293031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes