(America’s bread lines 1930s)
Zero Hedge: The initial, alarming estimates of deaths from the virus COVID-19 were that as many as 2.2 million people would die in the United States. This number is comparable to the annual US death rate of around 3 million. Fortunately, correction of some simple errors in overestimation has begun to dramatically reduce the virus mortality claims.
The most recent estimate from “the leading US authority on the COVID-19 pandemic” suggests that the US may see between 100,000 and 200,000 deaths from COVID-19, with the final tally likely to be somewhere in the middle.” This means that we are expecting around 150,000 US deaths caused by the virus, if the latest estimates hold up.
How does that compare to the effects of the measures taken in response? By all accounts, the impact of the response will be great, far-reaching, and long-lasting. Read More …
What will it be like 2 months from now? Will America survive as an economic global power?
- In 1929 the US had 121.8 million people – debt was $17 billion – debt to GDP was 16%
- In 2020 the US has 340 million people – debt is $23.7 trillion – debt to GDP is 105.4%
(if the US doubles its debt and GDP falls because of the virus, the debt to GDP ratio could expand exponentially).
If so, there are progressive leftist groups ready to change everything, here.