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Zoom and gloom

Consumption

IN 1973 THE Eldfell volcano, long-dormant, erupted on Heimaey, an island off Iceland. The eruption destroyed about 400 homes, a third of the total (Heimaey’s seaport was saved by pumping seawater into the lava). The Icelandic government compensated the unlucky people who lost their homes, many of whom never returned. But when Emi Nakamura and Jon Steinsson of the University of California at Berkeley and Josef Sigurdsson of the Norwegian School of Economics studied how they fared later, they discovered a reversal of fortunes. Among people less than 25 years old at the time of the eruption, those who had moved averaged four more years of schooling and earnings $27,000 greater per year than those from families who had kept their home. Being forced to move had its advantages.

The covid-19 pandemic is a disaster orders of magnitude worse than a volcanic eruption. Yet it too has created an experiment. In a matter of weeks professional workers abandoned their offices en masse in favour of working from home. Meetings were replaced with Zoom calls, and commutes with longer hours at the desk. And just as for the Icelanders, the experiment has turned out to be an improvement for many. Seven out of ten affected Americans say it has gone better or much better than they expected, according to a survey carried out by Jose Maria Barrero of ITAM, Nick Bloom of Stanford University and Steven Davis of the University of Chicago. Mr Bloom reckons that two-thirds of American GDP in May was produced from peoples’ houses, a shift in production techniques unmatched in peacetime.

The idea that disruption can lead to improvement is a voguish one, promoted by such writers as Tim Harford, who advocates “messiness”, and Nassim Nicholas Taleb, who terms things that get better after disruption “antifragile”. The evidence is summarised in a forthcoming paper by Michele Acuto of the University of Melbourne and three co-authors. Cities built to exploit a locational advantage that has disappeared tend to persist unless they are swept away by disaster. When faced with tube strikes in 2014, enough London commuters found new ways of getting to work that the strike is estimated to have saved more commuting time than it cost. Recessions, too, typically bring on Schumpeterian creative destruction: American firms in areas hit most by the financial crisis restructured production towards greater use of technology, leaving a mark on labour markets that persisted even after unemployment had returned to normal levels. But the scale and consequences of this year’s work from home experiment go beyond any previous example.

That firms and workers have suddenly discovered the benefits of remote work seems counterintuitive. The technology allowing it is not new. And it seems to contradict a popular idea about how the world economy functions. In 1997 Frances Cairncross, then of The Economist, wrote “The Death of Distance”, arguing that communication technology was making location ever less relevant to business and personal life. The next two decades seemed to defy her thesis, as economic activity concentrated in successful cities like San Francisco, New York, London, Tokyo and Sydney. The explanation, many thought, lay in the agglomeration effects of bringing together knowledge workers. Productive contacts between people grow exponentially with the numbers gathered in one place. And that is before considering the taste workers may have for the culture and services that cluster in big cities.

Could all this change as the result of one event? Believe surveys of firms and workers and the answer is: partly. The pandemic, they say, has reduced the stigma of working from home. It has spurred firms to invest in the kit needed to make remote collaboration possible. And it has proved that the combination of software and hardware that allows working from home is, for the most part, reliable (if risky; the top prize in the Chess Olympiad, one of the world’s top chess tournaments, had to be shared after two players lost their connections mid-game). According to Mr Bloom and his colleagues, American firms forecast that the proportion of days worked at home will jump from 5% before covid-19 to about 20%, a number that chimes with the average desire of workers. It seems likely that many firms will adopt a model in which large numbers split their working hours between solitary work at home and collaboration in the office.

That will hardly kill off superstar cities or end agglomeration effects. Companies need offices to integrate recruits, monitor performance, build relationships and spread knowledge. Many people, especially the young, still want to cluster together and party, as packed concerts in Wuhan demonstrate. And people still need to meet in person. Recent research by Michele Coscia of the IT University of Copenhagen, and Frank Neffke and Ricardo Hausmann of Harvard University, finds that a permanent shutdown of international business travel would shrink global gross product by an astonishing 17% by hindering flows of knowledge across borders. The shift in favour of remote work also looks curiously like an anglosphere phenomenon; workers in mainland Europe have been swifter to return to the office than those in Britain and America.

Nonetheless, the shift will lead to significant structural changes. One is that many jobs lost to covid-19 will not return, because the labour market will adjust to a world with less spending in cities and more in suburbs and online. Based on surveys and share prices, Mr Bloom and his colleagues predict that one-third or more of all job losses during the pandemic will be permanent. That will come as a nasty shock to many who still expect their jobs to return. Only 19% of total American lay-offs since March have been reported as permanent, yet by August overall employment had recovered less than half its losses this year.

A second implication is a period of higher inequality. Recessions are usually worse for the poor and unskilled than for others, but the pandemic has been bad for them even accounting for the severity of the hit to the labour market, according to a working paper by Ippei Shibata of the IMF. Job losses have been heavy among service workers (who are more likely to be young, female and black) whose employment depends on the spending of high-earning professionals. Data from Opportunity Insights, a team of researchers at Harvard University, reveal that by the end of July there were 2% fewer jobs in America paying more than $60,000 a year than in January. But jobs paying under $27,000 were 16% scarcer. Those who feed, transport, clothe and entertain people who are out-and-about account for about a quarter of American employment, note David Autor and Elisabeth Reynolds of MIT. The large number of low-paid service jobs is often lamented, but “having too few low-wage, economically insecure jobs is actually worse than having too many”.

The enormous sums that governments have spent replacing (or more than replacing) lost wages has suppressed the uneven effect of job losses on household incomes. In the early months of the pandemic America’s poverty rate probably fell, according to Jeehoon Han of Zhejiang University, Bruce Meyer of the University of Chicago and James Sullivan of the University of Notre Dame, as Americans received $1,200 cheques and unemployment benefits were boosted by $600 per week. In August consumer spending in low-income zip codes was barely down on its January level, despite the jobs collapse. But Congress has let that support expire. As governments cease replacing household incomes, a veil will be lifted, revealing a more unequal labour market.

This may not last. New service jobs—home delivery, suburban restaurants—will eventually replace those lost in city centres. But such transitions are painful, and it matters who bears the burden of them. Even if you exclude all workers who insist optimistically that they are on temporary lay-off, America’s unemployment rate in August was still about 6.6%, say Jason Furman of the Peterson Institute, a think-tank, and Wilson Powell III of Harvard University. That is roughly equivalent to the unemployment levels in early 2014, long before the labour market could be said to be healthy. Even if unemployment now falls rapidly, as it did after the recession of the early 1980s, it would take well over a year to work off just those job losses.

Housekeeping points

A third implication of the shift could boost growth and reduce inequality in the long run. It is that a drag on the world economy from housing shortages in and around successful cities will bind less tightly. Such shortages have limited growth by slowing the agglomeration effects on which it relies, as well as acting as barriers to opportunity by making it harder for the poor and young to move to better jobs. They have also widened divides between homeowners, who have enjoyed windfall gains in house prices, and renters. By one estimate American GDP would be 3.7% higher were regulatory constraints on building as loose in New York, San Jose and San Francisco as in the median American city.

But the increase in remote working will spread opportunity across the economy regardless of housing costs. The best case is that the internet ends up beating cities at their own game. In principle, greater numbers of people can gather and interact online than in physical proximity, notes Adam Ozimek, an economist at Upwork, a freelancing website. Moreover, if it becomes possible for employers to hire not just anyone located in a city, but anyone with an internet connection, the pool of possible candidates vastly increases. The resulting better matches between employers and employees should increase growth—perhaps at last unleashing the measured productivity gains that the technological improvements of the 21st century long promised but failed to deliver.

What will it take to realise this optimistic vision? Firms will need to continue experimenting with change rather than getting into a new rut. Some see the future of remote collaboration not in stilted video conferencing but in immersive virtual environments comparable to the computer games on which many people already spend hours of leisure time without suffering from “Zoom fatigue”. Such environments can create a fuller sense of shared experience, spontaneous human interaction and thus relationship building. (Mr Bloom recently spoke at a conference on the future of work hosted on QUBE, a game-like platform complete with a virtual conference hall and spaces in which virtual avatars can mingle.) That might allow more firms to operate completely virtually, rather than in the split-time model that many now expect.

For policymakers, the challenge is to ensure that the structural transitions already under way are not inhibited by a prolonged slump like the one that followed the financial crisis. That means economies must be given enough stimulus to encourage firms to create new jobs to replace those that are now redundant. The pandemic, however, has thrown up a challenge to this: a further reduction of interest rates.

economist



100 Comments on "Zoom and gloom"

  1. makati1 on Mon, 12th Oct 2020 5:17 pm 

    More fluff and unicorn farts from The Economist.

    What happens to the economy when the internet goes down? And it will. Maybe permanently.

    If there is a major war, THAT will be one of the first casualties. *Or a massive solar flare.

    How many satellites will be hit the first hour? many? Most?

    Both sides will try to cripple the other’s ability to fight by destroying their GPS.

    When you put all you eggs in the same basket, aren’t you asking for it to be destroyed? Just asking…

  2. Abraham van Helsing on Tue, 13th Oct 2020 2:30 am 

    The Economist should concentrate on the gloom of the UK (and the rest of Anglosphere)

    “Wie Großbritannien an Bedeutung verliert”

    (How the UK is losing stature)

    https://www.spiegel.de/wirtschaft/unternehmen/brexit-grossbritannien-verliert-fuer-deutsche-firmen-an-bedeutung-a-6241a398-197d-4a0c-816b-876363d678bb

    EU-UK trade is declining, even before Brexit has become fact for real. For continental Europe the damage is limited, not for the UK.

    The future is Eurasia, leaving 2 Anglo centuries behind us. The New Silk Road connecting Europe (including Russia) and China is going to be the economic backbone of the planet.

    Just study the trade data who is on top and who is at the bottom:

    https://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance

  3. Theedrich on Tue, 13th Oct 2020 3:02 am 

    Thanks for the link, Abe v. H. The paragraph that stuck out to me in particular was:

    Die sinkenden Umsätze und Exporte sorgten aber schon jetzt dafür, dass das Großbritannien-Geschäft für viele Unternehmen weniger wichtig wird. Der Anteil der dortigen Umsätze am Gesamtgeschäft sank von 9,1 auf 7,3 Prozent. “Wir sehen einen relativen Bedeutungsverlust”, sagt Börsch.  Besonders stark ist der Rückgang in der Verkehrs- und Logistikbranche, die nach dem Brexit chaotische Zustände am Hafen von Dover und anderen Nadelöhren fürchtet.

    The faster the UK sinks below the waves they think they still rule, the better.

  4. Theedrich on Tue, 13th Oct 2020 4:56 am 

    Excerpts from the letter of Christopher Columbus to the Spanish King Ferdinand, “Concerning the Islands Recently Discovered in the Indian Sea” (De Insulis nuper in mari Indico repertis):

    Yet when they [the Carib Indians] perceive that they are safe, putting aside all fear, they are of simple manners and trustworthy, and very liberal with everything they have, refusing no one who asks for anything they may possess, and even themselves inviting us to ask for things.  They show greater love for all others than for themselves; they give valuable things for trifles, being satisfied even with a very small return, or with nothing; however, I forbade that things so small and of no value should be given to them, such as pieces of plates, dishes, and glass, likewise keys and shoelace tips, although if they were to obtain these, it seemed to them like getting the most beautiful jewels in the world.  It happened, indeed, that a certain sailor obtained in exchange for a shoelace tips as much worth of gold as would equal three golden coins; and likewise other things for articles of very little value, especially for new silver coins, and for some gold coins, to obtain which they gave whatever the seller desired, as for instance an ounce and a half and two ounces of gold, or thirty and forty pounds of cotton, with which they were already acquainted.  They also traded cotton and gold for pieces of bows, bottles, jugs and jars, like persons without reason, which I forbade because it was very wrong; and I gave to them many beautiful and pleasing things that I had brought with me, no value being taken in exchange, in order that I might the more easily make them friendly to me, that they might be made worshipers of Christ, and that they might be full of love towards our king, queen, and prince, and the whole Spanish nation; also that they might be zealous to search out and collect, and deliver to us those things of which they had plenty, and which we greatly needed.

    And so I did not see any monstrosity, nor did I have knowledge of them any where, excepting a certain island named Charis, which is the second in passing from Hispana to India.  This island is inhabited by a certain people who are considered very warlike by their neighbors.  These eat human flesh.  The said people have many kinds of rowboats, in which they cross over to all the other Indian islands, and seize and carry away everything that they can.  They differ in no way from the others, only that they wear long hair like the women.

    Columbus (who signed his name as Χρο FERENS), the Admiral of the Ocean Sea, is unquestionably the greatest mariner the world has ever seen.  His detractors, modern or of earlier times, are contemptible midgets unworthy of any comparison with this giant. 

    For a brief modern cinematic synopsis of his incomparable venture, see the YouTube trailer for the 1992 movie 1492 Conquest of Paradise, with musical soundtrack by Vangelis.

  5. Abraham van Helsing on Tue, 13th Oct 2020 6:56 am 

    “The faster the UK sinks below the waves they think they still rule, the better.”

    The correct white nationalist thinking.

    What is about to happen now is not about preserving the UK or USA (in their present shape), but to preserve our DNA in a planetary coherent region (“Eurosphere”, all the lands surrounding the North Pole), we can call our own, hermetically sealed-off for the rest of the world.

    Don’t worry about losing Philadelphia, Chicago, New York, Detroit, Baltimore, LA, San Francisco… they are worth losing. Remember that after 1945 the Europeans lost entire world empires because of the US and USSR planetary power grab on behalf of the youknowwho.

    The purpose of CW2 will be the formation of a new large white country between Appalachians and Rockies, named “Amerika” (with a German/continental European-sounding “K”)…

    https://documents1940.wordpress.com/2017/09/25/amerikaner/

    … of perhaps c. 120 million. Jws need not apply, they can have Upstate New York. The English can have Anglo-Canada and New England and play empire. They will come to their senses eventually and apply at least for the EU Common Market. We’ll take Scotland and Ulster and team-up with a born-again, reeuropeanized Amerika, humbled, sadder and wiser, that no longer defines itself as the anti-Europe, like until today:

    https://radixjournal.com/2018/01/america-a-view-from-the-french-new-right/

    “AMERICA—A VIEW FROM THE FRENCH NEW RIGHT”

  6. Abraham van Helsing on Tue, 13th Oct 2020 7:16 am 

    “Columbus (who signed his name as Χρο FERENS), the Admiral of the Ocean Sea, is unquestionably the greatest mariner the world has ever seen. His detractors, modern or of earlier times, are contemptible midgets unworthy of any comparison with this giant.”

    One of the greatest scenes from American cinema:

    https://www.youtube.com/watch?v=bLsDGtolKLI

    That was 1492.

    Now is 2020, time to colonize something new, like the entire solar system, in competition with the Chinese.

  7. Abraham van Helsing on Tue, 13th Oct 2020 7:39 am 

    Joe Biden in Toledo, Ohio, attracts only a small crowd:

    https://www.youtube.com/watch?v=loY_9Y5RkFg

    Biden doesn’t have charisma. His only claim to fame is that he is not Trump.

    Don’t believe the polls as promoted by the MSM, who are all behind Biden. We have seen that already in 2016.

    Wait for the outcome on November 4. If it is “too close to call”, we’ll have the desired chaos.

    Sunday livestream by a “moderate prepper”:

    https://www.youtube.com/watch?v=6cRH0j0F_7I

    My preferred finger onto the pulse of America. Broadcasts Wednesday and Sunday and in her channel has a series of professional “collapse videos” of how the coming struggle could be played out.

  8. FamousDrScanlon on Tue, 13th Oct 2020 1:20 pm 

    Abraham van I have no life, how do you detect & measure charisma? By how moist a man makes you? Trump makes Clog moist.

    What a fucking loser – cyber stalking another stupid US Boomer scumbag politician.

    I be5 if they came out with an APP that notified you every time Biden ripped a fart, you’d be the first to subscribe.

    Get a real life loser.

    Always bragging up shit about the Netherlands – how would you know if you never leave your house & computer? If the country was 1/10th as great as you claim, you’d be out & about enjoying it instead of spending your life in fantasy cyber land.

    When was the last time you talked with a live human being?

    BTW, FOX news is #1 & they are not behind Biden, nor is the king, Rush Limbaugh who has over 15 million listeners per day & Trump’s cock in his mouth.

    You are so utterly disconnected from reality you’ve convinced yourself you are part of the, Woe is us, US conservative tribe persecuted & victimized by the big bad liberal media bias & a thousand other imaginary persecutions. Victims of..everything. Poor poor pitiful me.
    Life’s losers always play the victim to divert attention from their failed lives. Envy makes the world go around.

  9. Shocker in the Philippines: Islamic Schools Linked to Terrorism… on Tue, 13th Oct 2020 1:39 pm 

    muzz

  10. Abraham van Helsing on Tue, 13th Oct 2020 2:24 pm 

    “Life’s losers always play the victim to divert attention from their failed lives.“

    How do you detect and measure a “loser”? The only loser is you, TalmudTurk. A couple of years ago it was you who threw the towel in the ring, because you had been glued a yellow piece of cloth to your chest, so your opinions could be linked to your identity. And by that your game was sabotaged. All day long, over the years, you followed this board, with foam on the lips of anger. Than recently, you sneaked into this board again, under a different name, in the hope you could hide your true identity. And then you made an amateuristic mistake by using a phrase from your apneaman days (“cancer monkey”), the pathetic dummy that you are.

    Admit it, you are cornered, dug yourself in a hole, from which there is no escape. I rubbed into your face the stinking shit-pie aka US-written history and you had nothing to say. I have been predicting CW2 and it is now on the verge of happening. Your tribe is presiding over a train-wreck and you are about to be phased out from history.

    Loser, who?

  11. I AM THE MOB on Tue, 13th Oct 2020 3:42 pm 

    Check out the new US Military Badges

    “Agile Reaper 2020”

    Overlooking red china

    https://imgur.com/a/ErBxicz

    BYE BYE! You masked bastards!

  12. Abraham van Helsing on Tue, 13th Oct 2020 3:53 pm 

    “BYE BYE! You masked bastards!”

    https://tinyurl.com/y5x9vhes

  13. I AM THE MOB on Tue, 13th Oct 2020 4:11 pm 

    Abraham

    And we aint making that mistake again.

    That is why nukes will be used. And bye bye to china dam.

    Second wave maybe a tidal one!

    LOL

  14. Abraham van Helsing on Tue, 13th Oct 2020 4:44 pm 

    Biden thinks he is running for the senate:

    https://youtu.be/7UTm_6flD64

    Laughing stock of the world.

  15. oh hai am monstir on Tue, 13th Oct 2020 5:11 pm 

    plese love supertard
    please love supremacist muzzies more

  16. makati1 on Tue, 13th Oct 2020 5:40 pm 

    MOB lives in a fantasy land, Abe. His plans for the future include a 22 bullet to his head when he is ready to go. Maybe the drugs he is on will take him first? We shall see.

    I’m glad I don’t live in lunatic Amerika!

  17. zero juan on Tue, 13th Oct 2020 6:40 pm 

    Lunatic, if you quit making such a big fool of yourself and this forum I will reduce your moderation

    This is from JuanP:
    oh hai am monstir said plese love supertard please love supremacist muzzi…

    FamousDrScanlon said You stand a better chance of getting what you want…

    FamousDrScanlon said The great thaw: global heating upends life on Arc…

    FamousDrScanlon said The Arctic is in a death spiral. How much longer w…

    FamousDrScanlon said Worse Than What You Heard https://www.ecoshock.org

    FamousDrScanlon said Record-breaking California wildfires surpass 4 mil…

    FamousDrScanlon said It’s an AGW world Hurricane Delta could thru…

    Shocker in the Philippines: Islamic Schools Linked to Terrorism… said muzz

    FamousDrScanlon said Abraham van I have no life, how

    عمل موقعp said Whoa! This blog looks just like my olld one! It…

  18. the board on Tue, 13th Oct 2020 6:43 pm 

    makati1lives in a fantasy land, Abe. His plans for the future include a 22 bullet to his head when he is ready to go. Maybe the drugs he is on will take him first? We shall see.
    I’m glad I don’t live in lunatic Amerika!

  19. makati1 on Tue, 13th Oct 2020 6:52 pm 

    The children are back on PO. Time to leave.

    GAWD! How Amerika deserves to die!

    I watch it commit suicide more and more every day. Only the fools who live there cannot see its death throes, but they are living the pain.

  20. The REAL Board on Tue, 13th Oct 2020 7:15 pm 

    Only one child makati1, and it’s numerous sock puppets:

    “Davy”

  21. zero davy on Tue, 13th Oct 2020 7:20 pm 

    Lunatic, if you quit making such a big fool of yourself and this forum we might consider reducing your moderation.

    This is from Apneaman:

    FamousDrScanlon said You stand a better chance of getting what you want…

    FamousDrScanlon said The great thaw: global heating upends life on Arc…

    FamousDrScanlon said The Arctic is in a death spiral. How much longer w…

    FamousDrScanlon said Worse Than What You Heard https://www.ecoshock.org…

    FamousDrScanlon said Record-breaking California wildfires surpass 4 mil…

    FamousDrScanlon said It’s an AGW world Hurricane Delta could…

  22. zero juan on Tue, 13th Oct 2020 8:15 pm 

    luntic juanpPee:

    zero davy said Lunatic, if you quit making such a big fool of you…

    The REAL Board said Only one child makati1, and it’s numerous sock pup…

  23. I AM THE MOB on Tue, 13th Oct 2020 8:48 pm 

    Mak

    I would go rope. But I know those cunts at the hospital will write me down as death by COVID.

    I aint gonna give there fucking numbers.

  24. zero davy on Tue, 13th Oct 2020 8:51 pm 

    luntic davVee:

    zero davy said Lunatic, if you quit making such a big fool of you…

    The REAL Board said Only one child makati1, and it’s numerous sock pup…

  25. zero juan on Tue, 13th Oct 2020 9:09 pm 

    JuanP is triggered:

    zero davy said luntic davVee: zero davy said Lunatic, if you quit…

  26. makati1 on Tue, 13th Oct 2020 9:48 pm 

    Hahahaha! You got it right MOB.

  27. makati1 on Tue, 13th Oct 2020 9:55 pm 

    When you see the headline…some here will jump on it, that the Philippines is a bad place to live, but NUMBER TWO is…Drum Roll!…the USofA! Dying Amerika!

    https://mb.com.ph/2020/10/13/ph-is-4th-with-highest-number-of-disasters-in-the-last-20-years/

    The real disaster in the US is the government, followed by the dumbed down sheeple.

  28. FamousDrScanlon on Tue, 13th Oct 2020 10:40 pm 

    3rd world America

    Americans Are Dying In The Pandemic At Rates Far Higher Than In Other Countries

    “A new report in the Journal of the American Medical Association finds that over the last 5 months per capita deaths in the U.S., both from COVID-19 and other causes have been far greater than in 18 other high-income countries.

    “It’s shocking. It’s horrible,” says Dr. Ezekiel J. Emanuel, a professor of health policy and medical ethics at the University of Pennsylvania and one of the authors of the study.

    “The United States really has done remarkably badly compared to other countries,” he says and then adds, “I mean, remarkably badly.””

    https://www.npr.org/sections/health-shots/2020/10/13/923253681/americans-are-dying-in-the-pandemic-at-rates-far-higher-than-in-other-countries?ft=nprml&f=1001

  29. FamousDrScanlon on Tue, 13th Oct 2020 10:47 pm 

    The Pandemic Was Even Deadlier Than We Thought This Spring and Summer

    “A new study estimates that between March and July, there were 225,000 more deaths in the U.S. than expected, based on the previous five years of data. Of those, a little over half were officially attributed to the covid-19 pandemic. It’s the latest research to suggest that we’ve been seriously undercounting deaths caused by the viral illness and its second-order effects.”

    https://gizmodo.com/the-pandemic-was-even-deadlier-than-we-thought-this-spr-1845350840

    I like Covid because many arrogant stupid fucks have eliminated themselves from the gene pool due to their primitive superstitious & unlearned “opinions” Keep up the good work imbeciles, especially you merican know nothings.

  30. FamousDrScanlon on Tue, 13th Oct 2020 10:50 pm 

    Hair loss, memory problems, strange rashes: COVID-19 patients report a litany of symptoms that persist for months

    https://bangordailynews.com/2020/10/13/news/nation/hair-loss-memory-problems-strange-rashes-covid-19-patients-report-a-litany-of-symptoms-that-persist-for-months/

  31. Abraham van Helsing on Tue, 13th Oct 2020 11:08 pm 

    “Americans Are Dying In The Pandemic At Rates Far Higher Than In Other Countries“

    Main reason: the other pandemic, obesitas.

    I have to admit I have become less cavalier about Covid. The death rates maybe not be too high and affecting mostly very old people, who were “tagged” anyway, but there is such a thing called “long Covid”, with all sorts of nasty side-leffects that lasts for months. Think Boris Johnson.

    Our PM announced yesterday that Holland is going back into “half a lockdowm” as of tonight, as our infection numbers are through the roof and worse than in the US, UK and Spain. Soon the hospitals will be full again with suffocating people. The virus loves cold temperatures.

    It’s going to be a very long winter.
    Some “flu”.

    https://nos.nl/artikel/2352235-tweede-lockdown-maar-banken-geven-geen-tweede-betaalpauze.html

    Meanwhile China seems to be on its feet again with record imports and exports:

    https://www.cnbc.com/2020/10/13/china-says-exports-and-imports-rose-in-the-third-quarter-in-yuan-terms.html

    In comparrisson, the West is wrecked by diversity and on the verge of major disaster.

  32. Abraham van Helsing on Tue, 13th Oct 2020 11:25 pm 

    “The real disaster in the US is the government, followed by the dumbed down sheeple.“

    Before that comes a deep state of a few thousand people, consisting of very affluent people: media moguls, banking and corporate interests, CIA, military, bureaucrats, think thanks, Hollywood, entertainment (I would call Madonna, Pink and Robert Redford deep state) all globalists, none elected. Many of them Jews, far more than their demographic share of 2%, think 30-50%. The Trump government, seen by the deep state as “dissident”, is relatively harmless.

  33. Abraham van Helsing on Tue, 13th Oct 2020 11:35 pm 

    There is going to be a slaughter among specific “industries”, most of all hospitally branch, professional sports, theaters, cinemas, travel. Banks in Holland refuse to pump more money into those and will force them into insolvency. For the environment it is going to be very good. The rat race of eternal economic growth has been sabotaged effectively.

  34. FamousDrScanlon on Tue, 13th Oct 2020 11:36 pm 

    U.S. CDC reports 214,446 deaths from coronavirus

    https://www.reuters.com/article/health-coronavirus-usa-cdc/us-cdc-reports-214446-deaths-from-coronavirus-idUSL4N2H440X

    Yabut it just da flu-N-stuff duhh…a guy on Utube dun tolded me it iz a hex duhh duhh like climate change b hex to duhh duhh drool drool. Me really smart me gots interweb to learn all da hexes

  35. hopefully we get amputation of whitey supertard thunderf00t very soon from thei convict-19 fallout on Tue, 13th Oct 2020 11:59 pm 

    crime against humanity

  36. bochen787 on Wed, 14th Oct 2020 12:30 am 

    解放军空中突击队:我的祖国

    https://youtu.be/3DRLzgjWIG8

  37. Widespread outrage has engulfed Jordanian society after a 16-year-old boy was brutally assaulted by a group of men who chopped off both his hands and gouged out his eyes on Wed, 14th Oct 2020 12:53 am 

    only master race chinese can harvest muzz and stop this

  38. bochen787 on Wed, 14th Oct 2020 12:58 am 

    https://youtu.be/3DRLzgjWIG8

    I love China

  39. the board on Wed, 14th Oct 2020 1:21 am 

    luntics more REAL better then luantic daVVee. But its still nutters.

    lunatic

  40. The REAL Board on Wed, 14th Oct 2020 1:38 am 

    LOL!

  41. supertrd bochen777 your videos of chink troops are bazarre but chinese are master race only master race can harvest master cult muzz on Wed, 14th Oct 2020 2:21 am 

    yes i’m proud of chinese troops in your video
    please send one division to america to harvest top muzz

    the bottom muzz will fall afterwards

    the video shows chink troops are well equiped for harvesting muzz. grate job!

    im a sinophile

  42. yes singing and harvesting i love it please post some more videos on Wed, 14th Oct 2020 2:25 am 

    muzz hate singing
    mohammad the pedifiler said kill anyone playing musics and then a muzz killed him

    this is what we want u to teach us. we want to sing to drive muzz crazy then they come out for harvesting

    please send a division to harvest top muzz. the straggler muzz can be taken care of later once their leadership is harvested

    take what you harvest

  43. Theedrich on Wed, 14th Oct 2020 3:33 am 

    Judge Barrett, 2 + 2 MUST equal five. Do you realize how many millions of colored children will die horrible deaths if 2 + 2 equals four?  Oy vay!  And you will be responsible.  Do you understand that, Judge Barrett?  You will go down in history as worse than Adolf Hitler!  Much worse.  Yes, Judge Amy Coney Barrett, mathematics is a White invention to keep Negroes down and enslaved.  You know it is a tool of White supremacy.  The Orange Man and you will be hung in effigy from now until the sun dies if you insist on the unspeakable cruelty of making 2 + 2 equal to four.  I cannot vote for any Supreme Court candidate who will inflict the ghastly torture of 2 + 2 equaling four on the countless little Black toddlers out there.  At the very least, you must recuse yourself from any case threatening to kill all those adorable little darkies.  My time has expired.

  44. bochen787 on Wed, 14th Oct 2020 3:39 am 

    Stop drinking CIA koolaid, China treats XinJiang Muslims with upmost respect and dignity

    https://youtu.be/U3YBomwuB10

  45. jack MILLER on Wed, 14th Oct 2020 4:52 am 

    Strong gold demand may continue until global economy is back on solid track
    Check out our website for latest update

    https://financialeditorial.com/

  46. daily news on Wed, 14th Oct 2020 4:55 am 

    Covid: What is self-isolation and who has to do it?

    When do I need to self-isolate?
    You should self-isolate if:
    • You have Covid symptoms – a new continuous cough, high temperature, or change in sense of taste or smell
    • You test positive for Covid-19
    • You live with someone who has symptoms, or is ill
    • You arrive in the UK from one of a number of countries which aren’t exempt from quarantine rules
    • You are contacted by NHS Test and Trace to say you have been in close contact with someone who has tested positive

    Check more updates on – https://dailyuknews.com

  47. YouWillFailBecaueYouAreLosers on Wed, 14th Oct 2020 12:35 pm 

    This is a cut and paste I got from YouTube video: https://www.youtube.com/watch?v=Z8h_Fn_3tps

    This is the road map for the world. As usueal they are going to fail becaiuse there are still seeing the world as a monetary equatin not an energy equations. EWleicet and policaint are jsut stupid piece os shit. They fuck up everthing they do. Eventually people will kill them, look at Australia for things to come.

    Tags: COVID-19 restrictions, LPC Strategic Committee Leak

    Categories: POLITICS

    Fw: LPC Strategic Committee LeakInboxLPC leaker 1:47 PM (7 hours ago)

    Original Message ——-

    On Saturday, October 10, 2020 1:38 PM, REMOVED wrote:

    Dear REMOVED,

    I want to provide you some very important information. I’m a committee member within the Liberal
    Party of Canada. I sit within several committee groups but the information I am providing is
    originating from the Strategic Planning committee (which is steered by the PMO).

    I need to start off by saying that I’m not happy doing this but I
    have to. As a Canadian and more importantly as a parent who wants a
    better future not only for my children but for other children as well.
    The other reason I am doing this is because roughly 30% of the
    committee members are not pleased with the direction this will take
    Canada, but our opinions have been ignored and they plan on moving
    forward toward their goals. They have also made it very clear that
    nothing will stop the planned outcomes.

    The road map and aim was set out by the PMO and is as follows:

    – Phase in secondary lock down restrictions on a rolling basis, starting
    with major metropolitan areas first and expanding outward. Expected by November 2020.

    – Rush the acquisition of (or construction of) isolation facilities
    across every province and territory. Expected by December 2020.

    – Daily new cases of COVID-19 will surge beyond capacity of testing,
    including increases in COVID related deaths following the same
    growth curves. Expected by end of November 2020.

    – Complete and total secondary lock down (much stricter than
    the first and second rolling phase restrictions). Expected by
    end of December 2020 – early January 2021

    – Reform and expansion of the unemployment program to be
    transitioned into the universal basic income program. Expected by Q1 2021.

    – Projected COVID-19 mutation and/or co-infection with secondary
    virus (referred to as COVID-21) leading to a third wave with much
    higher mortality rate and higher rate of infection. Expected by February 2021.

    – Daily new cases of COVID-21 hospitalizations and COVID-19 and
    COVID-21 related deaths will exceed medical care facilities
    capacity. Expected Q1 – Q2 2021.

    – Enhanced lock down restrictions (referred to as Third Lock Down) will
    be implemented. Full travel restrictions will be imposed
    (including inter-province and inter-city). Expected Q2 2021.

    – Transitioning of individuals into the universal basic
    income program. Expected mid Q2 2021.

    – Projected supply chain break downs, inventory shortages, large
    economic instability. Expected late Q2 2021.

    – Deployment of military personnel into major metropolitan areas as well
    as all major roadways to establish travel checkpoints. Restrict travel
    and movement. Provide logistical support to the area. Expected by Q3 2021.

    Along with that provided road map the Strategic Planning committee
    was asked to design an effective way of transitioning Canadians to
    meet a unprecedented economic endeavor. One that would change the face
    of Canada and forever alter the lives of Canadians. What we were told was
    that in order to offset what was essentially an economic collapse on a
    international scale, that the federal government was going to offer
    Canadians a total debt relief. This is how it works: the federal
    government will offer to eliminate all personal debts
    (mortgages, loans, credit cards, etc) which all funding will be provided
    to Canada by the IMF under what will become known as the World Debt Reset
    program. In exchange for acceptance of this total debt forgiveness the
    individual would forfeit ownership of any and all property and assets forever.

    The individual would also have to agree to partake in the
    COVID-19 and COVID-21 vaccination schedule, which would
    provide the individual with unrestricted travel and unrestricted
    living even under a full lock down (through the use of photo
    identification referred to as Canada’s HealthPass) .

    Committee members asked who would become the owner of the
    forfeited property and assets in that scenario and what would
    happen to lenders or financial institutions, we were simply told “the World Debt Reset program will handle all of the details”. Several committee members also questioned what would happen to individuals if they refused to participate in the World Debt Reset program, or the HealthPass, or the vaccination schedule, and the answer we got was very troubling. Essentially we were told it was our duty to make sure we came up with a plan to ensure that would never happen. We were told it was in the individuals best interest to participate. When several committee members pushed relentlessly to get an answer we were told that those who refused would first live under the lock down restrictions indefinitely. And that over a short period of time as more Canadians transitioned into the debt forgiveness program, the ones who refused to participate would be deemed a public safety risk and would be relocated into isolation facilities. Once in those facilities they would be given two options, participate in the debt forgiveness program and be released, or stay indefinitely in the isolation facility under the classification of a serious public health risk and have all their assets seized.

    So as you can imagine after hearing all of this it turned into
    quite the heated discussion and escalated beyond anything I’ve
    ever witnessed before. In the end it was implied by the PMO that
    the whole agenda will move forward no matter who agrees with it or
    not. That it wont just be Canada but in fact all nations will have
    similar roadmaps and agendas. That we need to take advantage of the
    situations before us to promote change on a grander scale for the
    betterment of everyone. The members who were opposed and ones who
    brought up key issues that would arise from such a thing were completely
    ignored. Our opinions and concerns were ignored. We were simply
    told to just do it.

    All I know is that I don’t like it and I think its going to place Canadians into a dark future.

    Vancouver, Canada·Posted Today, October 14

  48. Abraham van Helsing on Wed, 14th Oct 2020 2:34 pm 

    “Record public support for Scottish independence“

    https://www.ipsos.com/ipsos-mori/en-uk/record-public-support-scottish-independence

    58-42%.

    A solid, no-deal Brexit and the UK is history:

    https://external-preview.redd.it/MxGQFrrI-JNhuqLJdbEpjehhHhLR9RSTDbk_HSQPR7U.png?auto=webp&s=20ec317346b5b4371cba84474d1e1e59ed147e3f

  49. YouWillBeKilledByThePeople on Wed, 14th Oct 2020 3:30 pm 

    Austalia news

    Dan Andrews offices vandalised overnight

    https://www.youtube.com/watch?v=25kb4Q56lCA

    You world wide politicians and globalists like Klauss Schwab of the world garbage forum, are just stupid, useless, digusting pieces of dog shits.

    Your plan will fail and people will kill you. See above. Come with something better then the garbage above.

  50. zero juan on Wed, 14th Oct 2020 3:38 pm 

    Luntic JuanP, what is with your anal obsession? Are you queer?

    YouWillBeKilledByThePeople said Austalia news Dan Andrews offices vandalised overn…

    FamousDrScanlon said Hottest September records break in 93 sites of Tur…

    FamousDrScanlon said It’s a start………. YouTube b…

    ANAL RAPER muzz victimhood Muslim writer Wajahat Ali claims in the New York Times that “If Amy Coney Barrett Were Muslim–It’s not hard to imagine how conservatives would smear her religious beliefs. said when muzz attacks, it’s muzz community that…

    raper ANAL While Cuomo Targets Orthodox Jews, Muslim Mass Gatherings Go On said hmm

    RAPER ANAL leme guess there will never be a ware because superior master race chinese wont China’s President Xi tells his soldiers to ‘focus on preparing for WAR’ as he visits a marine base said i love chinese they are superior race only superio…

    RAPER ANAL First, there needs to be acceptance of proper human scale, physical limitations, and acknowledgment of failure. This can be leveraged by spiritual wealth of meaning. Keep in mind a smaller less equipped force can over take said an opposing larger and better equipped force becau…

    YouWillFailBecaueYouAreLosers said This is a cut and paste I got from YouTube video:…

    FamousDrScanlon said Apparently the Dutch have zero hope & faith in…

    Hello said >> serve the Greek taxpayer & nation muc…

    FamousDrScanlon said Greece: Extreme-right party leadership jailed for…

    Davy said “okay I voted and did my civic duty to my country”…

    REAL Green said juanPpee can’t see are comments stupid. Cus he has…
    ANSEL RAPER NY Imam: Freedom for Women is Impermissible in Islam… said muzz

    ANSEL RAPER ANAL 3gd gona croak soon poor master race chinese i hope nothing happen to master race chinese only master race is smart enough to undertand 1400 years history of inner struggle and put master cult muzz on trial then harvested said 3gd getting so much rain next 3, 5 days. i donR…

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