Yes it is true as Charles Hugh Smith in his oftwominds blog wrote (yes we read each other) about how the system of current west capitalism is geared to minimum 80% capacity output threshold . Anything lower than that is in the red zone of default. Taxes, profits ,wages, overall costs and all are bearable up to 80% of capacity output. 50% output can be endured from 3 to 6 months. So,the foreclosures are on the table. No credit line, even at zero interest can help getting over 3 quarters of idle target capacity.
Eurozone is still in the Austerity model, whatever you hear from blah blah politicos and media. The Recovery fun(d) is peanuts, spreading in 6 years of covid19 future regardless if Covid curve is peaking or flattening.That is the upcoming exponential disaster of EU lagging behind the events.
Witchdoctor wrote lots of posts and predictions in feb. and march on this. 10%, 20% overall budget deficit, same GDP fall,and new debt scenario piling up each year.
Recovery fun(d) is a mouse dropping, and hear hear, it is not even a fact, until now it is just a spin rumor proposal, since they, the EU ruling Oligarchy,did not agree on it truly.And maybe it will come in late spring 2021. Till then, not even the current surging of and developing to future snowball deficit spending of the EU states,even with the recovery fun included, is not covered at all. It is all about some investments to come and produce some multiplier , if … blah blah.
In the meantime
Lets see what is growing out of the medical, health and small and medium business crisis and people loosing jobs..
The new normal is that the austerity stripped health services are experiencing the Greek Troika model of dealing with the crisis, people are dying of non covid illnesses since the hospitals are full and can not cope with other than give some blah blah help for covid 19, as there is no real cure for it, except to cut your larynx and put a tube in you to breath forcibly.
The Doctors, like in Slovenia, want immunity, since they can not operate properly their protocols of cure. Well, even before, in many EU, specially Eastern and South countries, they made a lot of malpractice out of stupidity, negligence and similar and the courts did not prosecute them as they should have. Giving them Immunity now is to let them do as they please.
Like The immunity of the European Central bankers, EU agencies, Politicians and all this Caste of masters above the law.They already have full immunity by law. That is the new rule of law.
So, we see that the rule of law in many aspects is being slowly eaten away by the exceptions, chaos and new authoritarian leaders like in the former east EU countries.
Summing it all up, the future is the new middle ages, forget your smart phone as a sign of progress.
The next step in this situation is that Doctors have to decide who is to live and who is to die, like in the war field.They do not have the operational capacity, no staff and nurses, not enough doctors, so, they have to decide who is urgent and who is not. Remember , in the EU health care is a universal right, which is paid from people pockets, taxes and the budget.
Doctor: “ I am sorry Witchdoctor, but your case is not urgent”
Witchdoctor: “ But my illness is progressing, now is only the thumb, tomorrow it will be a leg, and in a week only my head will be sane, Doctor”
Doctor” Yes, but now it is not urgent, when it comes to the head , we will cut it”
Witchdoctor: “ I see. OK. How Much? How much for being urgent?
Doctor . “ OK. I will squeeze you in for 5.000 Euros”
Witchdoctor “ Doctor, it is not so bad, lets make it 3.000 euros.”
Doctor: “3.775 euros.”
WD: “ Ok, , I have already my pajamas for the hospital with me”
Doctor: “ Follow me.”
That is the new normal. Corruption and bribery, the new Eurozone rule. Anyone who has a power of decision will take a bribe. For the rights you had for free, now you pay twice. Three times,….
Mafias are buying the businesses. Big Corporations and Hedge funds stepping in for the best piece of the cake. Corruption for having your rights established. You will pay for what you have paid already, but this time it will be for someones private pockets.It is a landslide in all fields coming on your head. The rule of law, and your basic rights are on sale. Do you have the money to pay upfront anyone who thinks you need something? For the second time, since you pay them already.
From your taxes.
And, funny, they were all in it, the we the people who acted in their stupidity and negating the obvious and the Oligarchy who saw the fresh blood to feed on.
They are filling the containers, the stadiums….
What about the Universal Basic Income? Debt free money? The free money the Central banks make out of nothing? Hmm, they go , you know where.
It is and was all written in this Witchdoctor blog, for years, take your time and read. The Oracle was and is right, it is simple…. a simple trash wave.
Sign out of the Cosmic Consciousness One Mind Garbage Dump.