Will the Pandemic Panic Lead to a Police State?
France now a Police State
One of the busiest cities in the world, is now silent. Streets usually teeming with people, are empty. For at least the next two weeks, and likely longer, a nationwide lockdown, enforced by police, is in effect in France.
France's leader Macron, who has seemingly been at war with the people of France since he was elected to his position (see Yellow Vest revolts) has now turned his country into a Police State, ordering 100,000 police be deployed to enforce his coronavirus lockdown. Macron says restrictions and enforcement would be strict and severe and the army would be deployed to help move the sick to hospitals.
Will the Global Economy Collapse?
It is the Perfect Storm scenario.
A dozen years after after the global financial crisis brought the world seemingly to the brink in 2008, companies have spent years bringing on debt, riding the positive economic wave. We were due for an economic downturn after years of gains.
After a decade of fracking in America has made the nation almost self reliant on oil, Saudi Arabia and Russia recently decided that they would no longer restrict their production of oil, and as a result, the value of oil dropped through the floor, losing 30% of its value in a day. Which in turn will make it unprofitable to frack in America, which will cause billions of dollars in defaults to banks as these companies go under.
And now of course, we have the pandemic panic, and the impact it will have on jobs.
Yes the House passed the Coronavirus Relief Act, and that should help some get relief, help others be approved for unemployment, but that is only a portion of the workers in America.
If you are a independent contractor or self-employed, or if you work the 'gig' economy (ie - Uber driver), you don't get such protections, in specific you lack paid sick time and unemployment benefits.
How many people will be unable to work, and for how long, weeks, months?
Schools, Cruise Ships, Movie Theatres, a growing number of businesses are being closed down, and contractors that support those businesses as well will be without work.
How long until people no longer have the money to pay their bills or buy food?
Will America soon be under Martial Law?
Do you believe America will soon be under Martial Law?
© 2020 Ken Burgess