(cont'd from above) These many properties throughout China still sit unoccupied, and there is a cost to this. Bloomberg reported in September 2018 about China – Cash-to-short-term debt levels at more than 80 publicly traded real estate companies tracked by Bloomberg were 133 percent on average in the first half, the worst since the first six months of 2015 and down from 297 percent a year earlier. Almost a quarter of developers sport a ratio below 50 percent. In addition, Bloomberg noted: But while business has been booming, developers have also been piling on the debt. Firms have been selling more bonds in the domestic market — and at the cheapest rates as investors shrug off default concerns. Those with dollar-denominated obligations, meanwhile, face higher borrowing costs as the U.S. Federal Reserves continues on its tightening path. The amount of debt related to China’s over development is massive. The total amount is unknown with S&P estimating the amount not reported by local communities and banks being over $6 trillion: China may be sitting on a hidden debt pile of as much as 40 trillion yuan ($6 trillion), concealed off-balance-sheet by the country’s local governments, according to research from S&P Global Ratings. Many local governments in China raise debt and hold it off their balance sheet, in order to avoid lending limits imposed by central authorities. S&P says that this is a growing problem within the country, and that the amount of debt held this way has likely ballooned in recent years. The government may have to take over these debts as they become insolvent – Not only is the level of hidden debt held by local governments in the world’s second largest economy rising, but so too is the risk of those debts being defaulted on. Much of the debt is held by so-called local government financing vehicles (LGFVs), and S&P reports that central government may be willing to let these vehicles file for bankruptcy in the future. “Default risk of LGFVs is on the rise. China has opened up the possibility of insolvent LGFVs filing for bankruptcy, but managing the default aftermath is a formidable task for top leadership,” the report noted…. The country’s total non-financial sector debt, which includes household, corporate and government debt, will surge to almost 300% of GDP by 2022, up from 242% in 2016. Fears abound that if this debt pile continues to grow, a spectacular blow up could be imminent. We’ve said for nearly a year that China’s financial crash may make the 2008 crash in the US look small. The implications would no doubt impact the entire world but we never saw China’s response coming. Accurate data coming from China is just not available on nearly everything as we are learning every day but we do know that a coronavirus was unleashed in China near Wuhan in Hubei province sometime in late 2019. This virus created a worldwide pandemic and panic and within a couple months has totally destroyed the world’s economies. Was the China coronavirus an Act of War? We know China is in an informational and economic war with the US. The unleashing of the China coronavirus destroyed the US economy! Millions of Americans have lost their jobs. Small and large businesses have been destroyed. American’s life savings, at their peak a few weeks ago, have vanished. China now has the audacity to complain about the coronavirus being labeled as the ‘China coronavirus’. China even accused the US of starting the virus. Outrageous! By unleashing the coronavirus and destroying the entire world’s economy, the China regime maintains a hold over the people in China and claims its economic woes are due to the coronavirus. The regime can also say it is no worse than all the other countries around the world. US media and politicians who repeat China’s talking points are creating treason and should be treated as such. This clearly was an economic Act of War and should be treated as such. China should pay for this debacle and apologize to the US and the world. https://www.thegatewaypundit.com/20...virus-and-destroyed-the-entire-world-economy/
Urgent call to Fast and Pray from New York. Short video. Posted on another thread, but it is so important. God bless America.
Brave man: Asian Cardinal: China Has ‘Primary Responsibility’ for Coronavirus Pandemic AP Photo/Andrew Medichini THOMAS D. WILLIAMS, PH.D.2 Apr 202029 4:59 The president of the Federation of Asian Bishops’ Conferences said Thursday that the Chinese Communist Party (CCP) has “primary responsibility” for the global coronavirus pandemic and owes the world “compensation for the destruction it has caused.” There is “one government that has primary responsibility for what it has done and what it has failed to do, and that is the CCP regime in Beijing,” writes Cardinal Charles Maung Bo (pictured), the archbishop of Yangon in Myanmar, which borders China. “Let me be clear — it is the CCP that has been responsible, not the people of China, and no one should respond to this crisis with racial hatred toward the Chinese,” Cardinal Bo states in a powerfully worded op-ed for UCANews. “Indeed, the Chinese people were the first victims of this virus and have long been the primary victims of their repressive regime. They deserve our sympathy, our solidarity and our support.” “But it is the repression, the lies and the corruption of the CCP that are responsible,” he says. More and more voices are being raised against “the negligent attitude shown by China, especially its despotic Chinese Communist Party (CCP) led by its strongman Xi Jinping,” the cardinal writes, citing law professor James Kraska that “China is legally responsible for Covid-19 and claims could be made in the trillions of dollars.” The cardinal’s remarks and his strong denunciation of the Chinese communists stand in sharp contrast to the conciliatory approach adopted by the Vatican in dealing with the communist regime in recent years. Pope Francis has refused to criticize the intense crackdown on religious freedom by the government of Xi Jinping and has kept silent concerning the repression of student pro-democracy protests in Hong Kong. In September 2018, the Vatican signed a secret agreement with the CCP regarding the appointment of bishops in China and later told Catholic clergy that they are free to join the state-run Chinese Catholic Patriotic Association, which is independent of Rome. The pope has insisted that the communist government protects religious freedom in China and that “churches are full.” Meanwhile, the chancellor of the Pontifical Academy of Social Sciences, the Argentinian Bishop Marcelo Sanchez Sorondo, has insisted that the CCP has created the best model for living out Catholic social teaching today. In his op-ed, Cardinal Bo chronicles China’s culpable suppression of the news of the coronavirus emergency. “Instead of protecting the public and supporting doctors, the CCP silenced the whistleblowers,” he observes. “Worse than that, doctors who tried to raise the alarm — such as Dr. Li Wenliang in Wuhan Central Hospital who issued a warning to fellow medics Dec. 30 — were ordered by police to ‘stop making false comments.’” Moreover, the cardinal adds, young journalists who tried to report on the virus then “disappeared.” “Li Zehua, Chen Qiushi and Fang Bin are among those believed to have been arrested simply for telling the truth,” he notes. “Legal scholar Xu Zhiyong has also been detained after publishing an open letter criticizing the Chinese regime’s response.” Bo underscores the “deep concern that the Chinese regime’s official statistics significantly downplay the scale of infection within China,” while denouncing China’s false accusation of the United States Army as cause of the pandemic. “Lies and propaganda have put millions of lives around the world in danger,” he states. The CCP’s conduct in the coronavirus pandemic “is symptomatic of its increasingly repressive nature,” Bo notes, a phenomenon revealed in its “intense crackdown” on freedom of expression and freedom of religion. This despotism has gone beyond the borders of mainland China, he observes, and Hong Kong itself, “once one of Asia’s most open cities, has seen its freedoms, human rights and the rule of law dramatically eroded.” The CCP’s “inhumane and irresponsible handling of the coronavirus,” he continues, has proven what many already thought: “that it is a threat to the world.” “China as a country is a great and ancient civilization that has contributed so much to the world throughout history, but this regime is responsible, through its criminal negligence and repression, for the pandemic sweeping through our streets today,” he insists. “The Chinese regime led by the all-powerful Xi Jinping and the CCP — not its people — owes us all an apology and compensation for the destruction it has caused,” the cardinal concludes. “As a minimum, it should write off the debts of other countries to cover the cost of Covid-19.” “For the sake of our common humanity, we must not be afraid to hold this regime to account,” he states. https://www.breitbart.com/health/20...mary-responsibility-for-coronavirus-pandemic/
2019-2020 U.S. Seasonal Flu Season: Preliminary Burden Estimates CDC estimates* that, from October 1, 2019, (only) through March 21, 2020, there have been: 38,000,000 – 54,000,000 flu illnesses 18,000,000 – 26,000,000 flu medical visits 400,000 – 730,000 flu hospitalizations 24,000 – 62,000 flu deaths
I pray that this works. I know they have begun using hydroxycholoroquinine on certain COVID-19 patients in NY, but I have not heard any recent reports on the outcome. According to the CDC the main concerns of using either chloroquine and hydroxychloroquine is cardiotoxicity, prolonged QT syndrome, especially in patients with underlying health issues and immunosuppression, so this would explain the caution. This treatment does sound very promising, and I hope that it will be available for all COVID-19 patients very soon.
Every drug has side effects. Sometimes dangerous side effects but doctors weigh the dangers and make a judgement call. At least we know this drug. It's been around for a long time.
Corato is the birthplace and town where Servant of God, Luisa Piccarreta lived, suffered, and died. Let us pray through her intercession for the end of the Coronavirus. Fiat!
In 6 months, close to 50 mil influenza cases out of a USA population of 330 mil? That would be a 15% rate or around 1 out of every 7 persons. Lets be careful and say every 8th person. Sorry that's preposterous. How do you trust these guys? Safe Under Mary's Mantle.
Why do you say that? Seems reasonable enough to me... it equates to getting the flu every 8 years. Again, perfectly plausible.
One statistic that has remained consistent, interestingly enough is the percentage of closed cases that resulted in death: 20% . Does that mean of the current active coronavirus cases of 739,321 we can expect 147,864 more deaths? That would mean approximately 200,000 deaths out of every 1,000,000 cases closed. Now that is a little frightening. What to believe? Lord have mercy! O Mary conceived without sin, pray for us who have recourse to thee!
Following the logic of the influenza statistics that would be an average of 43,ooo deaths out of 46,000,000 cases which would mean about a 9.34% death rate. Sad, but not nearly as high as the 20% death rate for the coronavirus above ( see CDC figures in post 3912). But of course they haven't come up with a universal, effective treatment plan yet. O Mary conceived without sin, pray for us who have recourse to thee!
I just feel we are being mired in disinformation from the bad actors and the good guys each for their own purposes. Once the dust settles....
This isn't personal Mario, I just thought I can provide a perspective since I have many years in the healthcare industry in the analytic/finance side: I think if you run the numbers again that comes out to just under .1% death rate for the flu. Also, that includes (obviously) people who were not lab confirmed. For example there were only about 157k people who tested positive for the flu in the state of New York last year (though the actual number of cases ismuch higher): https://www.rochesterregional.org/news/2020/01/flu-season-2020 Notice this section: "In Monroe County, there have been 17 deaths since October 1 from 5,753 confirmed cases. Of those confirmed cases, 758 were hospitalized." If we were using COVID reporting standards we would say that the hospitalization rate is over 13% (which is crazy and not accurate because we both know most people who have the flu don't get tested. Similarly, we are nowhere near a 20% death rate for this virus because most people who weren't deathly ill were either told not to come in to get tested or there were no tests available at the time. The best data available- from multiple countries - is that COVID-19 is about 6 times more deadly than the seasonal flu. That may change as more data becomes available, we shall see. Just trying to help crunch the data. Take the virus seriously (especially if you fall in the high risk or age categories)? Yes. But the bill of good we are being the sold in the media is not accurate.
