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Economy => Economics => Topic started by: so98nn on March 29, 2020, 06:40:46 PM



Title: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: so98nn on March 29, 2020, 06:40:46 PM
Most of you might have seen the image that is attached below.

As we can see there had been deadliest pandemic in the History of Mankind as below :


Bubonic Plague  :- 200 Million Deaths
Small Pox   :-  56 Million
Spanish Flu :-  50 Million
Justinian Plague :- 50 Million
HIV/AIDS :- 35 Million
The Third Plague :-  12 Million
Antonine Plague :- 5 Million
17th Century Great Plagues :- 3 Million
Asian Flu - 1.1 Million
Russian Flu  - 1 Million
Hong Kong Fu - 1 Million
Cholera 6 outtbreak - 1 Million
- -
-
-
-
COVID-19 - 19 K (Recent update)


https://i.imgur.com/Bxyug9w.jpg

These pandemics were from the era when there was not much of a medical developments and no technology which could have been used to cure the diseases very quickly.

Now, looking at the current situation though we have advanced tech field with huge minds around the globe, we have far greater chances to stop the deadly virus from overtaking the world. Still we are in the situation where the economic crisis on the outbreak and that too on global level.

https://i.imgur.com/dlqbLjq.jpg

Why this situation has occurred ?

Why would we go into such stage where tech and science being at its best we are not able to tackle simple industrialisation around us?

In the era of Information Technology where everything (almost) today is handled by Artificial Intelligence (Cloud computing, Transactions, Banking, Storage, Search engines, etc. you name it).

One can easily use least man power to run a team of dozens with such high power and YET we are on the verge of weak economy.

Why so ?










Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: shushu9977 on March 29, 2020, 08:15:49 PM
These are very dangerous diseases and harmful for our society and mankind. We can see from the previous years as epidemic every 100 years: Plague 1720, Cholera 1820, Spanish flu 1920, Coronavirus 2020. Health organisations and other experts are says corona virus(covid -19) very harmful and painful for human beings.   


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: fabiorem on March 29, 2020, 08:50:40 PM
COVID19 is a hoax.

Here is why chinese were falling dead in the streets of Wuhan:

https://www.loc.gov/law/foreign-news/article/china-vaccine-law-passed/

This is not fake news. They were vaccinated in December 2019.

SARS, coronavirus and influenza are the same virus.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: carter34 on March 29, 2020, 09:29:05 PM


SARS, coronavirus and influenza are the same virus.

I think so but my question onvthatvis why has it taken a long time before a total cure comes. The treatment should have been faster than the pace it is going. So many thousands have died yet, we are still where we are.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: fabiorem on March 29, 2020, 09:53:59 PM


SARS, coronavirus and influenza are the same virus.

I think so but my question onvthatvis why has it taken a long time before a total cure comes. The treatment should have been faster than the pace it is going. So many thousands have died yet, we are still where we are.


Millions of people die every year due to pulmonary and respiratory diseases. I'm not talking about thousands, but millions.
Now the medical establishment is marking anyone who died, and happened to have a respiratory issue, as a victim of the coronavirus.

Its pretty easy to inflate any number that way. If someone dies in a car accident, but had bronchitis during his life, they will say it was the coronavirus. If someone is murdered, and was a inveterate smoker, then it was the coronavirus. Thats why I gave the name "coronacircus" to it. Its a staged pandemic, with the sole purpose of bringing a black swan event.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: eaLiTy on March 29, 2020, 10:50:16 PM
These pandemics were from the era when there was not much of a medical developments and no technology which could have been used to cure the diseases very quickly.
You said the exact reason why this COVID is dangerous, we are living in a much advanced era and the virus has already killed 34,000 people and the number keeps on increasing and you think that it is not deadly enough and you need a million people to think that it is deadly ::).

In the era of Information Technology where everything (almost) today is handled by Artificial Intelligence (Cloud computing, Transactions, Banking, Storage, Search engines, etc. you name it).
One can easily use least man power to run a team of dozens with such high power and YET we are on the verge of weak economy.
You can run in the numbers with the amount of data available but there are several hundred reasons for a recession to occur.

Its pretty easy to inflate any number that way. If someone dies in a car accident, but had bronchitis during his life, they will say it was the coronavirus. If someone is murdered, and was a inveterate smoker, then it was the coronavirus. Thats why I gave the name "coronacircus" to it. Its a staged pandemic, with the sole purpose of bringing a black swan event.
Not sure which country you are from to claim that the numbers are inflated, i doubt some of the countries are providing the exact figures and now you are claiming that the numbers are inflated, it is not a competition to inflate these numbers. An inflated numbers shows that the country is not capable to handle a situation and i bet none of the countries wants that.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: samcrypto on March 29, 2020, 11:40:08 PM
COVID19 is a hoax.

Here is why chinese were falling dead in the streets of Wuhan:

https://www.loc.gov/law/foreign-news/article/china-vaccine-law-passed/

This is not fake news. They were vaccinated in December 2019.

SARS, coronavirus and influenza are the same virus.

Looks like a failed experiment of the Chinese government and now we are paying the big price. We don’t need to reach the level of millions just to confirm that the new virus is deadliest, just look at the numbers of death and cases you will be more alarmed. Economic crisis is not a hoax, many countries already printed a lot of money to help their economy survive, they know the threat and they feeling it.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: Jating on March 30, 2020, 02:06:51 AM
From what I understand, this is a new strain so definitely scientist was caught off guard. And even though we have far advanced regarding medical technologies, there are still a lot of unknowns, just like in this case. So it really takes time to developed something like a vaccine to fight this virus. So there's a lot of experiments to be done her, before medical experts can finally say that they already find a cure. So we can't really compare those pandemics to corona virus as far as the number of deaths.

As far as those conspiracy theories, I don't want to delve with that, I already form my own opinion.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: figmentofmyass on March 30, 2020, 03:13:55 AM
COVID19 is a hoax.

Here is why chinese were falling dead in the streets of Wuhan:

https://www.loc.gov/law/foreign-news/article/china-vaccine-law-passed/

This is not fake news. They were vaccinated in December 2019.

no they weren't, not that we know of anyway. that's just when that law went into effect.

we are now finding out that cases began emerging in november 2019. they just weren't recognized as coronavirus until now. https://www.livescience.com/first-case-coronavirus-found.html

are you like a fully fledged alex jones type conspiracy theorist now? ;D

SARS, coronavirus and influenza are the same virus.

SARS and this coronavirus are very closely related. they are nothing like influenza. none of this proves any grand conspiracy or that mass vaccination caused the outbreak.

common sense about past pandemics in history says it happened like all the others---by spreading organically through the population. this coronavirus has an abnormally long shedding period (both before and after symptoms) which probably explains why it spread so fast and far.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: voron7477 on March 30, 2020, 03:44:38 AM
Upcoming economic crisis is expected and predictable event. There are some reasons for it. The only hoax here is Coronavirus pandemic.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: senin on March 30, 2020, 04:27:54 AM
Coronavirus is really not the most deadly, but it really exists, in a short time it took many lives and it is necessary to deal with it with the toughest measures. Thanks to our developing civilization, people move faster around the planet and therefore it spreads much faster. At the same time, thanks to the Internet and other communication technologies, we quickly get the latest information and are able to quickly respond and respond. Now we have the knowledge and the ability to quickly fight together with any virus. Previously, this opportunity simply did not exist. At the same time, we cannot quickly find the vaccine, but specialists from all over the planet are working on this issue. There is still a problem, and it needs to be quickly resolved, and not inactive until it is completely out of control. I think that the tough measures now being taken are justified.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: avikz on March 30, 2020, 05:31:38 AM
COVID-19 is definitely not the deadliest one that mother earth has seen till date, but it is potent enough to become one! Nothing is HOAX here! If the lockdown had not happened around the world, every country would have become another Italy. Now, with the help of information technology, the world is better equipped to deal with such a situation while keeping the economy afloat at the same time! But work-from-home can't be achieved in all sectors for obvious reasons!

The major impact happened on the production industries, heavy engineering industries which requires a huge amount of manpower to keep the production ongoing. They are also the mass recruiters where uneducated and poor mass are employed in big numbers. They are the major impacted companies and since they are not able to keep the production ongoing, they had fired millions of people temporarily because these companies can't keep on paying millions of people with no work done at the ground. We have to remember that these group of people are big in numbers and hence it impacted the economy because this big numbers of people have no/less money at hand to deal with the situation which drastically dragged down their purchasing power. So it's a chain reaction happening all over the world economy!

So this economic crisis is not a hoax but it is definitely temporary in nature! The world market will come back to square one shortly after the COVID-19 matter is resolved. Please just pray for it because people are dying and stay at home to stop the community transmission phase of COVID-19 outbreak. It is not normal time and it requires exceptional measures to stay safe, even at the cost of economy!




Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: thesmallgod on March 30, 2020, 10:34:06 AM


SARS, coronavirus and influenza are the same virus.

I think so but my question onvthatvis why has it taken a long time before a total cure comes. The treatment should have been faster than the pace it is going. So many thousands have died yet, we are still where we are.
The reason why the cure might take a long time before being released is partly due to processes involved and also due to political reasons. During the Ebola pandemic in Africa, there were groups of people and individuals that affirm to have the cure but countries like the United States will condemn the cure and also call for their own clinical trial on such vaccines. The same thing is currently happening with this Covid-19. China might probably ahead in finding the cure but the USA will always counter anything vaccines that are not from their domain


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: shoreno on March 30, 2020, 10:43:28 AM
i have never seen the image below even before but im familiar with some of those disease and viruses . like you said there are less technologies before than compare to today so that could be the reason on why many people catch those illneses  but what about now ? where technologies evolve alot .

i think the reason is on the people , the virus spread because they lied and they insist to go on public where the virus is active . crisis on economy isnt a hoax but we obviously see and feel it


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: Akiko on March 30, 2020, 11:16:58 AM
From what I understand, this is a new strain so definitely scientist was caught off guard. And even though we have far advanced regarding medical technologies, there are still a lot of unknowns, just like in this case. So it really takes time to developed something like a vaccine to fight this virus. So there's a lot of experiments to be done her, before medical experts can finally say that they already find a cure. So we can't really compare those pandemics to corona virus as far as the number of deaths.

As far as those conspiracy theories, I don't want to delve with that, I already form my own opinion.
It takes year to have a vaccine and many testing should also provide before using it to public. Maybe china have known cure thats why they have many people in that country recovered unlike in italy and usa where the infected always increase every day.

Its not that deadly but you cant just ignore this because some of county fatality is around 5-10% which is high to normal or if you compare it to china. And the fact that it can be easily transfered make more people more worried to thier health.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: exstasie on March 30, 2020, 11:29:59 AM
COVID19 is a hoax.

Here is why chinese were falling dead in the streets of Wuhan:

https://www.loc.gov/law/foreign-news/article/china-vaccine-law-passed/

This is not fake news. They were vaccinated in December 2019.

SARS, coronavirus and influenza are the same virus.
Looks like a failed experiment of the Chinese government and now we are paying the big price.

New evidence is actually emerging that makes that theory very unlikely. https://www.scmp.com/news/china/science/article/3077442/coronavirus-pathogen-could-have-been-spreading-humans-decades

The new study by American, British, and Australian researchers concludes:

Quote
The study had significantly reduced, if not ruled out, the possibility of a laboratory origin, Collins said.

This opinion has been further reinforced by the director of the NIH. The study also suggests this corona virus may have been spreading at low levels among humans in different countries for years before this event. Experts are no longer sure the virus originated in China.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: Sadlife on March 30, 2020, 12:21:27 PM
The reason why it happened simply because of greediness. Now where in the verge of an economic collapse much worse than "The Great Depression" its because the financial system is simply flawed with a central authority stimulating the economy and printing lots of money to buy stuff and another exploit is the fractional reserve. Men has focus on greediness instead of kindness, we do have the technology but we lack humanity.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: criza on March 30, 2020, 01:48:34 PM

One can easily use least man power to run a team of dozens with such high power and YET we are on the verge of weak economy.

Why so ? [/size]
I think, it is because less manpower means smaller chance for people to have a job that would pay them for their family and bills. That is why the automation of anything in the industry is a threat for every people because, they might be replaced by robots and A.I someday. As the technology advances, people have less opportunity to work, that causes poverty.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: fabiorem on March 30, 2020, 04:44:31 PM
According to medical literature, coronavirus is just another name for the common cold.

A strong cold can lead to pneumonia, if you dont treat it.
Pneumonia can be healed with the use of antibiotics.
There is no need for vaccines.

In fact, evidence points out the chinese died from a bad vaccine, applied in December 2019.
Pneumonia dont cause convulsions. A bad vaccine do.

The WHO declared a pandemic to get the money from the "pandemic fund". This fund was going to expire in June. This caused a cascade effect on the markets, as big investors had to take money from other sources, to pay for this fund. Bitcoin was on the end of it, that's why it has fallen more than anything else.

So, from here on, bitcoin will be used to decrease exponential damage caused by black swan events. Thats what hedge funds do: they use a secondary asset to cover losses for their clients. This secondary asset is bitcoin.

The message from the legacy system was very clear: bitcoin is now their reserve for emergencies, and there is nothing we can do against it. Any crisis that happen, bitcoin will get the largest hit. It is no longer a store of value for the average Joe, but only for the big banker.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: Harlot on March 30, 2020, 06:01:42 PM
I really don't mixed up conspiracy theories with facts but if you are up to something here like you are trying to say that COVID-19 is a hoax and there is already a vaccine at hand I still won't believe you, why? In this case where even politicians and people with monarchy are getting hit by the Coronavirus at least at this stage they have announced the cure by now since even people at the higher ups or the ones on top of the food chain are also getting hit with it, which in this case is not. You may think that the Coronavirus is is something started to cause a economic breakdown but the truth is any pandemic globally like this can really cripple an economy with lockdowns in places, works suspended, jobs are lost you don't really expect all the market are at green at this moment. Panic combined with financial lost is really the ones affecting the market not just because of a conspiracy theory you have read in a forum or somewhere.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: Marfolone on March 30, 2020, 06:27:28 PM
I think that we are not fully aware of the scale of what is happening. Previous pandemics did not announce with so many infected and dead. This amount was at times, perhaps even tens of times more.
It seems to me that this will not be limited to monthly quarantine. This situation is really frightening for its surprise and suspense.
Also interesting is the fact that the virus is registered in most countries of the world, but the population of people infected in Africa is extremely small. It has already been proven that this virus is afraid of high temperature (more than 38 degrees Celsius). Interestingly, he was specially made so that he would not be vulnerable to the body temperature of a healthy person? Khm ...


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: fabiorem on March 30, 2020, 06:30:32 PM
I'm just passing information ahead. You do whatever you want with it.
If you want to trust the media and the government, its your call.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: Twentyonepaylots on March 30, 2020, 07:30:07 PM
I really don't mixed up conspiracy theories with facts but if you are up to something here like you are trying to say that COVID-19 is a hoax and there is already a vaccine at hand I still won't believe you, why? In this case where even politicians and people with monarchy are getting hit by the Coronavirus at least at this stage they have announced the cure by now since even people at the higher ups or the ones on top of the food chain are also getting hit with it, which in this case is not. You may think that the Coronavirus is is something started to cause a economic breakdown but the truth is any pandemic globally like this can really cripple an economy with lockdowns in places, works suspended, jobs are lost you don't really expect all the market are at green at this moment. Panic combined with financial lost is really the ones affecting the market not just because of a conspiracy theory you have read in a forum or somewhere.
Covid19 as a hoax is the most stupid thing I've ever heard in my enter life. Your hate towards government and media is too much that everything they bring to you becomes a lie to your eye. Look at the first royal blood that died on Coronavirus from Spain, princess Maria Teresa and currently we have 750,000 cases of the virus, does it still look hoax? The worlds economy is crumbling and struggling due to this, does it still like a hoax? The virus is not the deadliest that we got, in fact it is a weak virus but it's ability to spread is not as low as the past viruses and given that the world has a technology that is more advance we are very late on finding the cure to this one. very very late.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: figmentofmyass on March 30, 2020, 09:09:20 PM
According to medical literature, coronavirus is just another name for the common cold.

no, it refers to a specific family of viruses, six of which cause common colds in humans. rhinoviruses are a much more common cause of colds and there are still many other causes. https://www.healthline.com/health/common-cold-causes

In fact, evidence points out the chinese died from a bad vaccine, applied in December 2019.

there is absolutely no evidence of that. there is evidence that the outbreak began as early as november 2019. https://www.livescience.com/first-case-coronavirus-found.html

experts have already ruled out the "china created this in a lab" conspiracy theories too. you should stop spreading this alex jones conspiracy theory garbage. https://www.livescience.com/coronavirus-not-human-made-in-lab.html

The WHO declared a pandemic to get the money from the "pandemic fund". This fund was going to expire in June.

that sounds like bullshit. link?


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: dothebeats on March 30, 2020, 09:46:46 PM
COVID19 is a hoax.

Here is why chinese were falling dead in the streets of Wuhan:

https://www.loc.gov/law/foreign-news/article/china-vaccine-law-passed/

This is not fake news. They were vaccinated in December 2019.

Passing a certain law relating to vaccines does not necessarily mean that people are vaccinated. I have geneticists and microbiologists friends in China, specifically in Hubei that told me that there are no such thing as vaccines invented by the Chinese for this specific virus nor were they commissioned to do anything of the like prior to the outbreak.

SARS, coronavirus and influenza are the same virus.

SARS and SARS-CoV-2 comes from the same family, Coronaviridae under the genus Betacoronavirus which are single-stranded, positive sense RNA viruses while Influenza belongs to its own specific family, Orthomyxoviridae which are single-stranded, negative sense RNA viruses. Their way of proliferating within host cells are entirely different from each other, so idk how or why you come up with the conclusion that they are the same.

We are testing some hundreds to thousands of people for COVID-19 every single day, and seeing posts like this that misinform people, much more with conviction and belief that what was uttered was right makes my blood boil.

The WHO declared a pandemic to get the money from the "pandemic fund". This fund was going to expire in June.

that sounds like bullshit. link?

There is none. I have been looking for this "pandemic fund" fabiorem is speaking of but alas, no public information whatsoever regarding said fund is available anywhere. Upon searching more and more on the interwebs regarding this imaginary funds, I have found this instead:

Quote
Some of the acute financing challenges facing the WHO include misalignment between programme budgets and member states financial commitments, unpredictability of financing, lack of transparency of financing, and efficiency in resource management, vulnerability due to just 20 contributors funding 75% of the programme budget, and inflexibility of financing. Scholars have argued that the financial resources of the WHO are incommensurate with its mandate. To put this point into perspective, the WHO’s budget for the biennium 2018–2019 hovers around $4.421 billion (USD), while the annual healthcare and social services budget of Quebec, a Canadian province in which we live is approximately $33 billion (USD). Scholars note that the WHO is required to function on a budget equal to that of the University hospital in Geneva, and less than the budget of many major hospitals in the United States.

Source: https://globalizationandhealth.biomedcentral.com/articles/10.1186/s12992-018-0436-8

WHO remains to be an organization ran by public pledges and donations, and would not be tapping into some imaginary budget because they are evil. Then again, I'm ready to be proven wrong if a certain document pertaining to this pandemic fund is posted here.

No claims should be taken as fact without any evidence supporting it, especially during tough and difficult times like the one that we're having right now.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: fabiorem on March 30, 2020, 09:49:27 PM
There is none. I have been looking for this "pandemic fund" fabiorem is speaking of but alas, no public information whatsoever regarding said fund is available anywhere.


https://www.washingtonexaminer.com/news/425m-in-world-bank-catastrophe-bonds-set-to-default-if-coronavirus-declared-a-pandemic-by-june

Now go make company to your friend in my ignore list.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: abhiseshakana on March 30, 2020, 11:26:47 PM
- snip -
Now, looking at the current situation though we have advanced tech field with huge minds around the globe, we have far greater chances to stop the deadly virus from overtaking the world. Still we are in the situation where the economic crisis on the outbreak and that too on global level.

- snip -

Why this situation has occurred ?

Why would we go into such stage where tech and science being at its best we are not able to tackle simple industrialisation around us?

In the era of Information Technology where everything (almost) today is handled by Artificial Intelligence (Cloud computing, Transactions, Banking, Storage, Search engines, etc. you name it).

One can easily use least man power to run a team of dozens with such high power and YET we are on the verge of weak economy.

Why so ?


The simple answer is:

1. Covid 19 is an enrichment virus
There are seven types of coronaviruses that infect humans, including covid-19. This Coronavirus is a new type that could emerge because of new genetic engineering and it is almost impossible to emerge from the results of natural evolution. Natural evolution will take decades and even hundreds of years of existing virus strains. Unlike its predecessor the SARS virus, covid-19 is faster transferable even though it is not deadly.
https://www.cdc.gov/coronavirus/types.html?fbclid=IwAR2wnnCzMOro0tDSUgj0euOAGVHmbn8nuyj5s7R8zmyeb60pY8sHG1gO1aAA

2. A country should have a national security council that has a subset of the biosecurity agency that can predict or respond to simulations and what to do when an outbreak occurs so that the default standards are clear. So that the plague can be dammed immediately. Many countries have bad public health security systems, so the coronavirus is deadly. The public health system consists of medical technology, medical personnel, public health policy plus the handling of epidemics and disasters, information transparency & finally multilateral international corporation.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: 20kevin20 on March 30, 2020, 11:45:34 PM
Can't compare COVID-19 with other diseases. Not yet. The peak can only be estimated but only when the pandemic ends we'll have a proper comparison. The economic crisis isn't a hoax tho, it's very real and in a matter of weeks or months it'll be felt most likely all around the world.

People losing jobs, prices of your daily products rising, salary reduction, those in debt losing their properties etc. Except the last example (which will happen in a matter of months), all of them are already here..


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: exstasie on March 31, 2020, 12:00:05 AM
There is none. I have been looking for this "pandemic fund" fabiorem is speaking of but alas, no public information whatsoever regarding said fund is available anywhere.
https://www.washingtonexaminer.com/news/425m-in-world-bank-catastrophe-bonds-set-to-default-if-coronavirus-declared-a-pandemic-by-june

That doesn't mean this:

The WHO declared a pandemic to get the money from the "pandemic fund". This fund was going to expire in June. This caused a cascade effect on the markets, as big investors had to take money from other sources, to pay for this fund.

You don't get it. 3 years ago, the WHO issued dividend-yielding bonds to hedge against a pandemic disaster. Institutional investors who wanted to bet against the likelihood of a pandemic bought the bonds and have been receiving dividend payments. The derivative and bond funded portion of the fund was already fully paid for 3 years ago so there is no need for investors to "take the money from other sources."

The terms for default are not ambiguous so there is no room for the WHO to play any games. https://www.worldbank.org/en/news/press-release/2017/06/28/world-bank-launches-first-ever-pandemic-bonds-to-support-500-million-pandemic-emergency-financing-facility

$425 million is also peanuts.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: celot on March 31, 2020, 03:37:46 AM
I think is true when covid 19 attack with many countries get economic crisis but we must waiting to know true or not with information about corona virus effect make economic dump or not, when many country have work for recovery will be economic back or take down again.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: target on March 31, 2020, 03:46:21 AM
Things have changed though. During those days 100 years ago, we don't now yet how deadly a virus is unil we see millions of dead people on the streets. Today we can already foresee what wil happen if we don't lockdown cities. We knew this virus can wipe out the entire people in a continent if people are not prohibited from traveling.

But since we did try to contain Covid, we are able to prevent deaths to rise. Covid is NOT a hoax. It killed healthy people.


Title: Re: Economic crisis is Hoax? COVID19 Not Deadliest one!
Post by: senin on March 31, 2020, 04:01:13 AM
It is still too early to say that coronavirus is not too deadly compared to other viruses. When it passes, then we will be able to assess its consequences for humans. It spreads too fast and is very volatile. We cannot say what characteristics he may possess in a few weeks. In addition, this virus leads to a change in the lungs of a person, even after his recovery. Even a recovered person has shortness of breath when walking fast. Therefore, do not underestimate this virus.