"Panicapocalyspe"

"The coronavirus risks bringing out the worst in humanity," according to CNN, after reporting on a violent toilet paper incident.

In fact, tales of unruly and even brawling panic hoarders (or "zombie peasants" as ZeroHedge likes to call them) have both shocked and awed us, as middle and low-income people scramble after too few goods.

But according to Bloomberg, the rich are beginning to express their anxiety in an even more dangerous way--quietly removing their cash from the bank. If enough people do this, it won't end well.

From toilet paper frenzies to bank runs, the reason is the same: panic over a situation none of us can control.

Is it okay to be concerned? Yes. We should be very concerned and very careful to follow the advice of the experts. But panicked? No.

According to the 16th century theologian Martin Luther, during the bubonic plague:

"You ought to think this way, very well by God's decree, the enemy has sent us poison and deadly offal. Therefore, I shall ask God mercifully to protect us. Then I shall fumigate, help purify the air, administer medicine, and take it. I shall avoid places and persons where my presence is not needed in order not to become contaminated and thus perchance infect and pollute others, and so cause their death as a result of my negligence. If God should wish to take me, He will surely find me and I have done what He has expected of me and so I am not responsible for either my own death or the death of others. If my neighbor needs me, however, I shall not avoid person or place, but will go freely."

Practical advice from a man of God. Let's follow it.

A wise man once said: "In the absence of a vaccine, social distancing is the best tool we have." -- Dr. Barbara Ferrer, Department of Public Health

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Jesus said, "Let not your hearts be troubled. Believe in God; believe also in Me"  --   John 14:1.

News:

• CBS: 'Community Transmission' linked to 41 new coronavirus cases in LA county in the last 48 hours
• The Washington Post: Trump says outbreak could last months and gatherings should be limited to only 10 people
• CNBC: Dow dives 3,000 points in worst day since 1987.

"Nothing Spreads Like Fear : Asian Contagion"

Spring is in the air at last, and with it comes the end of the flu season. So does that spell the demise of COVID 19 (aka the coronavirus) too?

Dr. Gregory Grey, of Duke University's Global Health Institute Division of Infectious Diseases says it might.

"It is hard to know," Dr. Grey said. "Routinely seen coronaviruses often wane during summer months as buildings have more air circulation, people tend to congregate less, and people are more exposed to UV light which can kill viruses.

"However," Grey continued, "while the warmer months may lead to a 10-20% slowdown in transmission, it likely won't stop the spread completely.

"This  particular coronavirus, known as SARS-CoV2, is pretty infectious--meaning it has a high reproduction rate--and virtually 100% of people are susceptible," Grey said.

Dr. Nancy Messonnier of the CDC agrees.

"Other viral respiratory diseases are seasonal, including influenza and therefore in many viral respiratory diseases we do see a decrease in disease in spring and summer. And so we can certainly be optimistic that this disease will follow suit."

Meanwhile, it seems the MSM is doing everything in its power to paint a worse-case scenario and gin up fear for political reasons. It has been a roller-coaster ride on Wall Street for the last few weeks and if the media had its way, it would continue until after the election.

The result? The Asian Contagion has infected more than just the financial markets--it has weakened the entire global economy. And no, the media isn't responsible for all of it. The location of the epicenter played a major role.

According to economic researcher Chris Mortenson, "This is taking the world's most important manufacturing center, China, and shutting it all down at once. That's like throwing a car into reverse at 60 miles per hour on the highway. No one knows what to expect. Supply chain disruptions are going to be legendary," he said.

But doesn't the Bible predict there will be global epidemics in the last days? Luke 21:11 says it's one of the signs we're to watch for, so this could be characterized as one of the early "birth pains" Jesus warned about. But He also said, "Don't panic" in Luke 21:9.

So what do we do? Don't listen to the hype. Separate the facts from the hysteria. Keep calm, wash our hands, trust God and remember:

God the Father is still in control.

A wise man once said: "Once we have learned to put our trust in God, we will no longer be afraid of the things that come against us. We will be like the psalmist who said with confidence..."let all who take refuge in You be glad; let them sing for joy. Spread your protection over them, that those who love Your name may rejoice in You"-(Psalm 5:11). -- Got Questions.org

"There will be great earthquakes, and there will be famines and epidemics in many lands, and there will be terrifying things and great miraculous signs in the heavens" - (Luke 21:11).

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News:

• CNBC: It's a 'false hope' coronavirus will disappear in the summer like the flu, WHO says
• CNN: New CDC guidance says people 60 and older should stay at home as much as possible due to coronavirus
• CNBC: Dow dropped 2,046 on opening Monday triggering 'circuit breaker' to keep stocks from falling through the floor on virus fears

 

 

"First Step Towards Total Chaos?"

The wild stock market swings of recent days have left investors gasping and with good cause.

Does the age-old "Buy & Hold" mantra still apply?

Based on historical performance the answer is 'Yes'...however some see things differently:

Financial expert Bill Holter says the "ability to prevent a crash no longer exists."

"The system has gotten too big...there's too much debt. Too many sovereign governments have bumped up against debt saturation. In the U.S., we are over 100% debt to GDP."

"You can't fix debt with more debt--but that's what they keep trying to do," he said. "What we need is a complete reset."

Holter's advice? If we get a bounce in the market, use it to get out.

Chris Martenson, of Peak Prosperity, has these words of wisdom: "What goes up must come down--and that's especially true for the world's many poorly-constructed financial bubbles, built out of nothing more than gauzy narratives and inflated with "hopium".

"Markets are quite possibly in crash mode right now, although events are unfolding so quickly--currency spikes, equity sell-offs, emerging markets routs and dislocations and commodity declines--that it's hard to tell for sure. However, that's usually the case right before and during big market declines," say Martenson.

'Further, most of the gains in financial assets engineered by the central banks were false and destined to burst because the were based on bubble technology, not actual returns."

Jim Rickards, author of The Death of Money, explains why China was unable to keep their limited free market under control: "...markets have a mind of their own," he says. "But the 'Empire' will strike back, they have an enormous arsenal of tools they can use to try to fight the bubble."

Good to know somebody is trying to fight the bubble, because according to Rickards, the U.S. Federal Reserve is now out of ammo and on a "Kamikaze Mission."

Nick Barisheff, CEO of Bullion Management Group (BMG) contends: 

"We are living in an age of records in the financial world. The stock market is in its longest bull market in history and near all-time highs. The world has more debt than ever before while interest rates are near record lows, and some are negative in many countries for the first time ever. I have been in the business for 40 years, and this is the first time we have had a simultaneous triple bubble, a bubble in real estate, stocks and bonds all at the same time. So when we have a correction, it's going to be massive. The big problem is this triple bubble is sitting on a mountain of debt like never before."

So, should we 'buy & hold' or jump out & run? 

Your guess is as good as ours.

A wise man once said:  "The central banks are panicking. They don't know what to do anymore...but it's nothing compared to what is coming. The panic that started in the summer was the first step towards total chaos in the world that we will be seeing in the months and years to come. Central bankers see it clearly. They know the banking system is absolutely on the verge of collapse." -- Egon von Greyerz, financial expert

"For what will it profit a man if he gains the whole world, and loses his own soul? Or what will a man give in exchange for his soul? For whoever is ashamed of Me and My words in this adulterous and sinful generation, of him the Son of Man also will be ashamed when He comes in the glory of His Father with the holy angels." Mark 8:36-38

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News:

• The Wall Street Journal: Wild Swings In Repo Rates Raise Concerns About Bond Market; rates for overnight loans surged amid cash crunch in financial system
• Market Watch: GE to freeze pensions for about 20,000 employees; stock surges
• CNBC: Ex-NASDAQ CEO warns that this year's IPO boom feels similar to late 1990's dot-com bubble