Lockdowns for Covid, Credit Markets and even for the Climate?

The data is in and we know lockdowns lead to increased deaths.

Nick Hudson cofounder of Pandemics Data Analytics (PANDA) has demonstrated that Lockdowns have absolutely no affect on limiting the spread of Covid-19.

In an interview with Ivor Cummins, Hudson used the UK statistics as an example to show that increased mortality calculated annually always peaked during the harsh winter. However in the context of the last 5 years of monthly average death rates from all illness caused by respiratory infection, UK deaths in the last winter season were actually below the average. Covid-19 does not even register on the graph!

What is more damning of lockdowns is that overall death rates have increased. According to Cummins, this was due to non-Covid 19 deaths induced by lockdowns. People needing assistance due to heart failure or cancer for example, could not get the medical attention needed because hospital services were cordoned off to deal with Covid-19. Excess suicides are probably a contributing factor to excess deaths under lockdown.

Hudson estimates that lockdowns in the long-term will lead to excess deaths from respiratory illnesses such as coronaviruses because the strategy limits the development of herd immunity.


There is no Covid-19 conspiracy?

That is because there are in fact several conspiracies. 

For Bill Holter, lockdowns were useful because they hid coming bank failures. The Lockdown agenda will continue to be beneficial to some very specific interest groups and the group that most pre-occupies Holter’s mind, are the central banks and global financial institutions.

Who would think these institutions would benefit from lockdown? Upon first impressions, the lockdown of businesses can’t be good for the banks? 

Holter, a former stockbroker who foresaw the financial crisis of 2008, has long been an economic doomsday soothsayer. He has argued that lockdown has been good for allowing the global credit markets to continue functioning rather than implode on themselves, a real possibility that could have occurred  in 2019.


Could lockdowns save global credit markets from imploding?

In mid-September 2019, the big banks  along with  hedge funds and wall street traders,  faced a liquidity squeeze  when they found themselves suddenly unable to borrow the credit they needed from the global cash market. What usually happens when such institutions need to obtain temporary cash, is they trade their collateral for credit using a repurchase agreement. Known as the Repo market, the trades are often short term with contracts lasting from 1 to 14 days and they start at a low interest rate of 2%. The banks and hedge funds soon pay back the cash with a small amount of interest, at which point the collateral returns to their ownership.

In September 2019, these banks and hedge funds found themselves unable to borrow cash from the money markets. There was a sudden spike in the interest rate to 10%  within a few days, indicating a lack of confidence from lenders in the ability of borrowers to pay back loans. It also indicated a lack of investor confidence in the value of the collateral on the books.


This is precisely what happened back in the 2008 crisis. Repo market investors stopped funding the commercial banks with subprime mortgage backed securities on their books, after two hedge funds defaulted on repayments. The investors providing the liquidity withdrew, preferring to put their cash elsewhere. 


Stalling the breakdown with lockdown

For Holter, the timing of the Covid-19 pandemic could not have been more fortuitous, coming along in February of 2020, right after the September blow up of the Repo market. The best pressure release to the money markets was weaker economies in the advanced capitalist countries as this eased the demand for credit. Banks in danger of insolvency could slow down the process of discovery and unravelling. 

Lockdowns therefore were adopted by many states around the world to limit productive capacity, thereby limiting credit demand. Rather than admit there were bad banks, it was easier to use a new lethal virus as an excuse for lockdown.

The central banks then adopted massive money printing, and have  stepped in to provide the liquidity needed by failing commercial banks and hedge funds. By buying up their poor performing collateral, they prevented the spread of panic that would have sent the financial system globally into melt-down. 

The result of this has been a deluge of gains for some. But the average punter would not know it. Increasing the money supply has decreased the value of money; it costs more to buy less. Instead, the effect of money printing has been an over- inflation of asset values and the stock-market, even of poor performing stock.

Lockdowns have made this divide a gaping chasm, because it is the large corporations like Amazon,  who did well, increasing their profits,  as local businesses went  to the wall.  Even media giants did well as announced by WarnerMedia CEO Jason Kilar when he observed that the Covid-19 pandemic was good for CNN ratings, only then to be forced to apologize for making such an admission.


Climate Lockdowns; Rules for thee but not for me

Many conspiracy “theorists” now claim more lockdowns will come, only the justification will be extended for all manner of reasons including the perceived climate catastrophe apparently unfolding. This is more conspiracy FACT, rather than theory. Members of the German Social Democratic Party for example, want legislation that would enable lockdowns for climate “emergencies”.


The World  Economic Forum, have celebrated  decline of C02 emissions due to diminished air and road transport during the Covid-19 lockdowns. Of course, this comes on the heel of the “You will own nothing and be happy” campaign, the repetitive brainwashing magic spell pronounced by Klaus Schwab, the founder of the WEF. One somehow can’t see the likes of Schwab and those who attend the WEF giving up air travel and other high energy consumption practices in the name of climate lock-downs. It is likely every-day wage workers and small business owners, if any are left,  who will have to give up meat, private property ownership or owning their own car. With more of our money buying less, thanks to governments printing money to save the big banks,  we are being forced to go that way.


Which brings us back to Nick Hudson’s discussion with Ivor Cummins. The climate-panic WEF driven lockdowns are not just about whether we can hop on a plane. Peer reviewed evidence and real world data according to Cummins, “unlike the Imperial College Junk” produced by the likes of Neil Ferguson, proves that lockdowns will increase deaths through  a ruined economy, leading to massive starvation and child poverty. This can’t be only the outcome of coronavirus lockdowns, but by extension, the climate lockdowns we are being programmed to accept now.