The covid lockdowns amounted to the world’s largest and most elaborate economic head-fake in human history.
It left the entire world less free and less prosperous, and with drained hopes that restoring normality can happen anytime soon. To add injury to the insult, most official institutions are manufacturing fake data to cover it all up.
In the following, Jeffrey Tucker explains the economic impact on the USA of the lockdown in March 2020 and its aftermath. He highlights that the labour market has not fully recovered, stimulus was eroded by inflation, retail sales and factory orders have not significantly increased, and output has not seen a substantial rise. Additionally, it questions the accuracy of inflation data and the sustainability of the economic recovery.
Why did they shut economies down? A major ambition of the covid response was the creation of a universal vaccine passport, he writes. “All these efforts were reversed but the plan itself revealed the larger agenda: control through data collection and enforcement. The ambition is not gone and will likely come back but a better and more comprehensive path is the Central Bank Digital Currency.”
Hellbound and Down 