The Coronavirus Lie
It is now clear that both the predictions and policy response to COVID–19 have been some of the greatest screwups in history.
We just shut down the entire economy based on the garbage models and experts who lacked anything resembling common sense.
There are over 26 million people without jobs and trillions of dollars’ worth of damages for something that is roughly as bad as the flu (more on this shortly).
The good news from this mess (and it is the mother of all messes), is that the market selloff of March 2020 has resulted in one of the biggest opportunities to invest in world class businesses at discount rates in history.
First, let’s review the mess…
The Truth Behind the Health Scare
China claims it had problems with this coronavirus back in November 2019. So from November 2019 to January 2020, people were flying to and from China all over the world. And we’re not talking about a small number either.
The New York Times recently noted that nearly half a million people (430,000 to be exact) traveled between the U.S. and China between December 31, 2019 and January 31 2020, when President Trump imposed a travel ban.
Mind you, that’s just the U.S. for the month of January.
Worldwide, there were millions of people flying to and from China between November 1 and January 31. Put another way, for 60 days the entire world was exposed to this illness.
Bear in mind, the above analysis is based on China’s assertion that its first COVID–19 case was in November. Anyone who has spent five minutes studying China (or communism in general) knows that they lie about everything — particularly anything that makes them look bad.
Indeed, British scientists have asserted that it’s far more likely that China had a COVID–19 problem as far back as September 2019.
So… it’s safe to assume China had a problem with COVID–19 long before November. Which increases the number of days that people were coming and going from that nation during its outbreak, which in turn increases the number of people exposed to COVID–19 worldwide.
In simple terms, it is not a stretch to think that hundreds of millions of not billions of people were exposed to this virus.
The fact that we didn’t see a massive explosion in respiratory–related deaths during this time period (September 2019–end of January 2020), tells us that most cases were mild. If COVID–19 was indeed going to be an extremely deadly virus, we should have seen at a minimum 250,000–500,000 deaths before Christmas.
We didn’t. If anything, it looks as if many people had this illness and thought it was the flu.
Indeed, according to the latest antibody data, roughly 25% of New Yorkers have had the illness. Yes, 25%. That means 2.7 million people in New York city alone. A study from Stanford University believes the virus was 50–85 times more common than the official numbers state.
NYC has had 17,000 deaths. And we know that a significant number of these (over 3,400) were not actually due to COVID–19, but were simply added to “juice the numbers.” However, even if we use the 17,000 deaths figure, we get a mortality rate of 0.6% (17,000 deaths/2.7 million infected = 0.6%).
By way of contrast, the flu kills roughly 0.1% of those who catch the illness. So COVID–19 is like a very bad flu season.
And by the way, the Stanford study I mentioned earlier suggested the real death rate from COVID–19 was just 0.12%–0.2%, which would be roughly the same as the flu.
So… what have we learned from all of the above?
- COVID–19 was in the U.S. much longer than the experts claimed.
- Over 50% of COVID–19 cases had no symptoms. While some 80% of them had mild symptoms.
- Over 90% of the people who required hospitalization had other chronic conditions.
- Between one–fifth and one–half of deaths came from nursing homes.
- The actual real mortality rate is roughly that of the flu.
- The reason NY, NJ, and CA were such disaster zones for COVID–19 was because those states made the disastrous decision to send infected patients BACK to nursing homes!
And we imploded the entire economy because of this!
Let me be clear here: I am not trying to make light of COVID–19. Anytime someone dies of a horrible illness it is a terrible tragedy.
However, the facts remain that we didn’t close the economy and force 26 million people to lose their jobs because of the flu, SARS, Bird Flu, Ebola, or any of the other illness/pandemics that have hit the U.S. in the last two decades. Moreover, the narrative that everyone was at risk has been proven to be total nonsense.
Liberal Media Fearmongering
If you’ve been listening to the liberal media in recent weeks, you’d think we’re in the midst of some horrifying medieval plague…
That tens of millions of Americans are about to perish from COVID–19.
But what if it was all just an overhyped “crisis”?
And what if the ultimate result of the media’s fearmongering was an investment opportunity that only comes around once in a generation?
Editor, Money & Crisis