Tuesday May 5, 2020
An economic cataclysm has been unleashed upon the world by Western politicians and bureaucrats. Unbelievably, economic activity in the West has slowed to a creep, as entire populations have been confined to their homes for weeks, if not months. As a result, millions have had their lives turned upside down. Most entrepreneurs and self-employed persons have had their livelihoods jeopardized.
The EU economy may shrink by 5 percent according to the European Central Bank (ECB), and similar figures have been forecast for the US. The economic devastation wrecked upon Western economies by governments will have consequences for many years to come. It will inevitably lower European and US citizens' quality of life for a long time, impacting their health as well.
It is important to understand that this disaster is not the result of the coronavirus pandemic, which is a public health problem, but of overzealous government officials reacting to the pandemic. A growing number of researchers and health professionals are suggesting that the total number of cases is far higher than previously thought, which means that COVID-19 is far less deadly than the media and government advisors insist. These revised death rates put COVID-19 fatalities in many places at a rate similar to that of the flu, which kills hundreds of thousands of people every single year globally, without provoking any notably large political reaction.