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Why The Coming Economic Collapse Will Not Be Caused By Covid-19

With last week’s collapse in the stock market, the internet has been set ablaze with discussion of a new crash looming on the horizon (even with today’s record-breaking point-gain in the Dow). The fact that such a chain reaction collapse was only kept at bay due to massive liquidity injections by the Federal Reserve’s overnight repo loans should not be ignored.

These injections which began in September 2019, have grown to over $100 billion per night… all that to support the largest financial bubble in human history with global derivatives estimated at $1.2 quadrillion (20 times the global GDP!).

Sadly economic illiteracy is so pervasive among today’s modern economists that the real reasons for this crisis have been entirely misdiagnosed with financial experts from CNN, to Forbes blaming the volatility on the spread of the Corona virus!

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