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March 7, 2020 | Coronavirus Panic

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

 

The US Surgeon General Jerome M. Adams has issued an order to Americans worried about the coronavirus. “Seriously people—STOP BUYING MASKS!” tweeted Dr. Adams, an anesthesiologist who has served as surgeon general since 2017. Adams said that face masks are “NOT effective in preventing [the] general public from catching #Coronavirus, but if healthcare providers can’t get them to care for sick patients, it puts them and our communities at risk!”

Authorities outside of China have confirmed that out of 90,000 cases, there have been 3,100 deaths. This is still in the 3% range. It spreads more like the flu, but I am more concerned based upon our models that there will be a mutation perhaps for the next season. The death rate is still within the normal flu range which does not imply some biological weapon. The more serious question is whether this new type of coronavirus will evolve into a parallel annual epidemic.

Our model still points to 2022, and despite all the nonsense from Al Gore, Greenpeace, and their puppet Greta, the colder the climate turns each winter, the higher the probability that the flu season will get much worse. The 1968 flu season killed three million people. This triumvirate, Gore-Greenpeace-Greta, would be happy if the death rate was 20x that of 1968. Then they would cheer that CO2 levels should finally decline as the cold temperatures would kill off tens of millions more. Perhaps Stalin was justified in killing more than 20 million to help reduce global warming?

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March 7th, 2020

Posted In: Armstrong Economics

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