- Spitfire List - http://spitfirelist.com -

FTR #1122 Bio-Psy-Op Apocalypse Now: Fireside Rant about the Covid-19 Outbreak

WFMU-FM is pod­cast­ing For The Record–You can sub­scribe to the pod­cast HERE [1].

You can sub­scribe to e‑mail alerts from Spitfirelist.com HERE [2].

You can sub­scribe to RSS feed from Spitfirelist.com HERE [2].

You can sub­scribe to the com­ments made on pro­grams and posts–an excel­lent source of infor­ma­tion in, and of, itself, HERE [3].

Mr. Emory’s entire life’s work is avail­able on a 32GB flash dri­ve, avail­able for a con­tri­bu­tion of $65.00 or more (to KFJC). Click Here to obtain Dav­e’s 40+ years’ work. [4]

Please con­sid­er sup­port­ing THE WORK DAVE EMORY DOES [5].

FTR #1122 This pro­gram was record­ed in one, 60-minute seg­ment [6]

[7]Intro­duc­tion: This broad­cast updates, in a admit­ted­ly stri­dent mode, the Covid-19 out­break. We begin with dis­cus­sion of Mod­er­na, Inc.

Mod­er­na Inc. is one of the DARPA-fund­ed [8] com­pa­nies that has been autho­rized to begin test­ing of vac­cines. As dis­cussed by Whit­ney Webb, Mod­er­na Inc. is get­ting a green light [9] to devel­op its mRNA vac­cine (mRNA 1273) for pre­vent­ing Covid-19 infec­tion. The West­ern Edi­tion of The New York Times con­tains infor­ma­tion NOT con­tained in the online man­i­fes­ta­tion of the arti­cle. 

Although vac­cines that inject nucle­ic acid–either DNA or mes­sen­ger RNA–into cells have been seen as promis­ing, they have NEVER been admin­is­tered to humans. The tri­als for the Mod­er­na vac­cine appear to be “fast-tracked.” 

We have done numer­ous pro­grams about the polio vac­cine [10] and how that “fast-tracked” (and con­se­quent­ly insuf­fi­cient­ly vet­ted) vac­cine was con­t­a­m­i­nat­ed [11] with the SV40 can­cer-caus­ing mon­key virus [12].

In the con­text of the desta­bi­liza­tion of Chi­na (cov­ered in many pro­grams and a key ele­ment of analy­sis in assess­ing the Covid-19 out­break), we note that the col­laps­ing of economies abroad, includ­ing the U.S. [13], will sig­nif­i­cant­ly and adverse­ly affect Chi­na’s export-ori­ent­ed econ­o­my.

It may lead to the col­lapse of the Chi­nese econ­o­my eagerly–and financially–anticipated by J. Kyle Bass [14], Tom­my Hicks Jr. [14] and Steve Ban­non [14].

An op-ed col­umn [15] fur­ther devel­ops the poten­tial dan­ger to Chi­na’s econ­o­my posed by the Covid-19 out­break. ” . . . . While Chi­na is no longer cen­ter stage, as the virus spreads world­wide there are renewed fears that the cri­sis could cir­cle back to its shores by hurt­ing demand for exports. Over the last decade China’s cor­po­rate debt swelled four­fold [16] to over $20 tril­lion — the biggest binge in the world. The Inter­na­tion­al Mon­e­tary Fund esti­mates [17] that one-tenth of this debt is in zom­bie firms, which rely on gov­ern­ment-direct­ed lend­ing to stay alive. . . .”

Next, we tack­le the sub­ject of an esca­lat­ing media war between Chi­na and the U.S.

Trump’s label­ing of Covid-19 as “the Chi­nese virus” [18] is appar­ent­ly in response to sug­ges­tions in Chi­nese social media and some pub­lished mate­r­i­al point­ing to the U.S. and/or nation­al secu­ri­ty ele­ments with­in and/or asso­ci­at­ed with it as the source of the virus.

In FTR #1109 [19], we exam­ined Don­ald Trump’s deal­ings with Deutsche Bank, key “sui­cides” in con­nec­tion with the bank’s records on Trump and Jared Kush­n­er, Trump’s claims of exec­u­tive priv­i­lege in attempts to keep the records secret, the appar­ent destruc­tion of those records by Deutsche Bank and the track­ing of the case to a deci­sion by the Supreme Court.

Now, the Covid-19 out­break may delay that deci­sion indef­i­nite­ly [20].

As high­light­ed above, Don­ald Trump has been label­ing Covid-19 the “Chi­nese virus” in response to Chi­nese inti­ma­tions (cor­rect in their main con­tention in our opin­ion) that the U.S. is the point of ori­gin of the virus.

An arti­cle in  [21]The Asia Times pro­vides more depth on the grow­ing media war between the U.S. and Chi­na.

Key points of dis­cus­sion and analy­sis:

1. Mod­er­na Inc. is one of the DARPA-fund­ed com­pa­nies that has been autho­rized to begin test­ing of vac­cines. 

“Bats, Gene Edit­ing and Bioweapons: Rec­cent DARPA Exper­i­ments Raise Con­cerns Amid Coro­n­avirus Out­break” by Whit­ney Webb; The Last Amer­i­can Vagabond; 1/30/2020. [8]

 . . . . The sec­ond phar­ma­ceu­ti­cal com­pa­ny that was select­ed by CEPI to devel­op a vac­cine for the new coro­n­avirus is Mod­er­na Inc., which will devel­op a vac­cine for the nov­el coro­n­avirus of con­cern in col­lab­o­ra­tion with the U.S. NIH and which will be fund­ed entire­ly by CEPI. The vac­cine in ques­tion, as opposed to Inovio’s DNA vac­cine, will be a mes­sen­ger RNA (mRNA) vac­cine. Though dif­fer­ent than a DNA vac­cine, mRNA vac­cines still use genet­ic mate­r­i­al ‘to direct the body’s cells to pro­duce intra­cel­lu­lar, mem­brane or secret­ed pro­teins.’ Moderna’s mRNA treat­ments, includ­ing its mRNA vac­cines, were large­ly devel­oped using a $25 mil­lion grant [32] from DARPA and it often touts is strate­gic alliance with DARPA in press releas­es [33]. . . .

2. As dis­cussed by Whit­ney Webb, Mod­er­na Inc. is get­ting a green light to devel­op its mRNA vac­cine (mRNA 1273) for pre­vent­ing Covid-19 infec­tion. The West­ern Edi­tion of The New York Times con­tains infor­ma­tion NOT con­tained in the online man­i­fes­ta­tion of the arti­cle. 

Although vac­cines that inject nucle­ic acid–either DNA or mes­sen­ger RNA–into cells have been seen as promis­ing, they have NEVER been admin­is­tered to humans. The tri­als for the Mod­er­na vac­cine appear to be “fast-tracked.” 

We have done numer­ous pro­grams about the polio vac­cine [10] and how that “fast-tracked” (and con­se­quent­ly insuf­fi­cient­ly vet­ted) vac­cine was con­t­a­m­i­nat­ed [11] with the SV40 can­cer-caus­ing mon­key virus [12].

“Test­ing on Humans Begins For an Exper­i­men­tal Vac­cine” by Denise Grady; The New York Times; 3/17/2020; p. A12 [West­ern Edi­tion]. [9]

The first test­ing in humans of an exper­i­men­tal vac­cine for the new coro­n­avirus began on Mon­day, the Nation­al Insti­tute of Aller­gy and Infec­tious Dis­eases announced.

The main goal of this first set of tests is to find out if the vac­cine is safe. If it is, lat­er stud­ies will deter­mine how well it works.

The tri­al was “launched in record speed [34],” Dr. Antho­ny Fau­ci, the institute’s direc­tor, said in a state­ment. . . .

. . . . Mod­er­na uses genet­ic mate­r­i­al — mes­sen­ger RNA — to make vac­cines, and the com­pa­ny has nine oth­ers in var­i­ous stages of devel­op­ment, includ­ing sev­er­al for virus­es that cause res­pi­ra­to­ry ill­ness­es. But no vac­cine made with this tech­nol­o­gy has yet reached the mar­ket. . . .

. . . . The tri­al will enroll 45 healthy adults ages 18 to 55. Each will receive two shots, 28 days apart. Mod­er­na calls the vac­cine mRNA-1273. . . 

. . . . If the vac­cine then appears safe, he said, Mod­er­na will ask the Food and Drug Admin­is­tra­tion for per­mis­sion to move ahead to the next phase of test­ing even before the first stage is fin­ished. The sec­ond round of test­ing, to mea­sure effi­ca­cy as well as to ver­i­fy safe­ty, will include many more par­tic­i­pants.

3. In the con­text of the desta­bi­liza­tion of Chi­na (cov­ered in many pro­grams and a key ele­ment of analy­sis in assess­ing the Covid-19 out­break), we note that the col­laps­ing of economies abroad, includ­ing the U.S., will sig­nif­i­cant­ly and adverse­ly affect Chi­na’s export-ori­ent­ed econ­o­my.

It may lead to the col­lapse of the Chi­nese econ­o­my eagerly–and financially–anticipated by J. Kyle Bass [14], Tom­my Hicks Jr. [14] and Steve Ban­non [14].

“Chi­na’s Path Back to Work Is Clut­tered With Hur­dles” by Kei­th Brad­sh­er; The New York Times [13]; 3/13/2020; pp. B‑1, B‑5 [West­ern Edi­tion]. [13]

4. This op-ed col­umn fur­ther devel­ops the poten­tial dan­ger to Chi­na’s econ­o­my posed by the Covid-19 out­break. ” . . . . While Chi­na is no longer cen­ter stage, as the virus spreads world­wide there are renewed fears that the cri­sis could cir­cle back to its shores by hurt­ing demand for exports. Over the last decade China’s cor­po­rate debt swelled four­fold [16] to over $20 tril­lion — the biggest binge in the world. The Inter­na­tion­al Mon­e­tary Fund esti­mates [17] that one-tenth of this debt is in zom­bie firms, which rely on gov­ern­ment-direct­ed lend­ing to stay alive. . . .”

“Zom­bies Could Kill the Econ­o­my” by Ruchir Shar­ma; The New York Times; 3/17/2020; p. A25 [West­ern Edi­tion]. [15]

. . . . . On Wall Street, bulls still hold out hope that the worst can pass quick­ly and point to the encour­ag­ing devel­op­ments in Chi­na. The first cas­es were report­ed there [35] on Dec. 31, and the rate of growth in new cas­es peaked on Feb. 13 [36], just sev­en weeks lat­er. After ear­ly loss­es, China’s stock mar­ket bounced back and the econ­o­my seemed to do the same. But the lat­est data, released today [37] on retail sales and fixed invest­ment, sug­gest the Chi­nese econ­o­my is set to con­tract this quar­ter.

While Chi­na is no longer cen­ter stage, as the virus spreads world­wide there are renewed fears that the cri­sis could cir­cle back to its shores by hurt­ing demand for exports. Over the last decade China’s cor­po­rate debt swelled four­fold [16] to over $20 tril­lion — the biggest binge in the world. The Inter­na­tion­al Mon­e­tary Fund esti­mates [17] that one-tenth of this debt is in zom­bie firms, which rely on gov­ern­ment-direct­ed lend­ing to stay alive.

In oth­er parts of the world, includ­ing the Unit­ed States, calls are grow­ing for pol­i­cy­mak­ers to offer sim­i­lar state sup­port to the frag­ile cor­po­rate sec­tor. No mat­ter what the pol­i­cy­mak­ers do, the out­come is now up to the coro­n­avirus, and how soon its spread starts to slow.

The longer the coro­n­avirus con­tin­ues to spread at its cur­rent pace, the more like­ly it is that zom­bies begin to die, fur­ther depress­ing the mar­kets — and increas­ing the risk of wider finan­cial con­ta­gion. . . .

5. Trump’s label­ing of Covid-19 as “the Chi­nese virus” is appar­ent­ly in response to sug­ges­tions in Chi­nese social media and some pub­lished mate­r­i­al point­ing to the U.S. and/or nation­al secu­ri­ty ele­ments with­in and/or asso­ci­at­ed with it as the source of the virus.

“Trump Calls It the ‘Chi­nese Virus.’ Crit­ics say that’s Racist and Provoca­tive.” by Katie Rogers, Lara Jakes and Ana Swan­son; The New York Times; 3/19/2020; p. A11 [West­ern Edi­tion]. [18]

 . . . . at the White House brief­ing on Tues­day, Mr. Trump told reporters that he was attach­ing “Chi­na” to the name of the virus to com­bat a dis­in­for­ma­tion cam­paign pro­mot­ed by Bei­jing offi­cials that the Amer­i­can mil­i­tary was the source of the out­break.

“I did­n’t appre­ci­ate the fact that Chi­na was say­ing that our mil­i­tary gave it to them,” Mr. Trump said. “I think say­ing that our mil­i­tary gave it to them cre­ates a stig­ma.” . . . .

. . . . And last week, Zhao Lijian, a Chi­nese For­eign Min­istry spokesman, shared the con­spir­a­cy the­o­ry that the Unit­ed States was behind the virus. “It might be US army who brought the epi­dem­ic to Wuhan,” he said on Twit­ter. “Be trans­par­ent! Make pub­lic your datea! US owe us an expla­na­tion!” . . . .

6. In FTR #1109 [19], we exam­ined Don­ald Trump’s deal­ings with Deutsche Bank, key “sui­cides” in con­nec­tion with the bank’s records on Trump and Jared Kush­n­er, Trump’s claims of exec­u­tive priv­i­lege in attempts to keep the records secret, the appar­ent destruc­tion of those records by Deutsche Bank and the track­ing of the case to a deci­sion by the Supreme Court.

Now, the Covid-19 out­break may delay that deci­sion indef­i­nite­ly.

“The Coro­n­avirus May Keep Trump’s Deutsche Bank Records Under Wraps For­ev­er” by Jere­my Stahl; Slate.com; 3/16/2020. [20]

On Monday, the Supreme Court took the drastic step of postponing upcoming oral arguments for an indefinite period of time [38] in response to the coronavirus pandemic. In its press release on the decision, the court noted that arguments in 1918 were postponed due to the flu pandemic and the argument calendar was shortened in 1793 and 1798 due to yellow fever outbreaks.

Even if the once-in-a-century postponement is not unprecedented, these particular circumstances may be. Three of the cases that have been postponed in the March 23–25 and March 30–April 1 sessions revolved around extraordinary assertions of executive power by the Trump administration to keep third-party records of the president’s finances from congressional and local investigators.

Nobody knows how long such extraordinary measures might be necessary to protect the public from COVID-19, but President Donald Trump said on Monday that experts had advised him that they might be necessary through “July, August.” If the cases that have been bumped get moved into the fall calendar and Trump loses the November election, these cases could then easily be moot.

7b. As high­light­ed above, Don­ald Trump has been label­ing Covid-19 the “Chi­nese virus” in response to Chi­nese inti­ma­tions (cor­rect in their main con­tention in our opin­ion) that the U.S. is the point of ori­gin of the virus.

An arti­cle in The Asia Times pro­vides more depth on the grow­ing media war between the U.S. and Chi­na.

Key points of dis­cus­sion and analy­sis:

Chi­na Locked in Hybrid War with U.S.” by Pepe Esco­bar [Asia Times [21]]Con­sor­tium News [21]; 3/18/2020. [21]

Among the myr­i­ad, earth-shat­ter­ing geopo­lit­i­cal effects of coro­n­avirus, one is already graph­i­cal­ly evi­dent. Chi­na has re-posi­tioned itself. For the first time since the start of Deng Xiaoping’s reforms in 1978, Bei­jing open­ly regards the U.S. as a threat, as stat­ed a month ago by For­eign Min­is­ter Wang Yi [22] at the Munich Secu­ri­ty Con­fer­ence dur­ing the peak of the fight against coro­n­avirus. 

Bei­jing is care­ful­ly, incre­men­tal­ly shap­ing the nar­ra­tive that, from the begin­ning of the coro­n­avirus attack, the lead­er­ship knew it was under a hybrid war attack.

The ter­mi­nol­o­gy of Pres­i­dent Xi Jin­ping is a major clue. He said, on the record, that this was war. And, as a counter-attack, a “people’s war” had to be launched.

More­over, he described the virus as a demon [23] or dev­il. Xi is a Con­fu­cian­ist. Unlike some oth­er ancient Chi­nese thinkers, Con­fu­cius was loath to dis­cuss super­nat­ur­al forces and judg­ment in the after­life. [24] How­ev­er, in a Chi­nese cul­tur­al con­text, dev­il means “white dev­ils” or “for­eign dev­ils”: guai­lo in Man­darin, gwei­lo in Can­tonese. This was Xi deliv­er­ing a pow­er­ful state­ment in code.

When Zhao Lijian [39], a spokesman for the Chi­nese For­eign Min­istry, voiced in an incan­des­cent tweet the pos­si­bil­i­ty that “it might be US Army who brought the epi­dem­ic to Wuhan” – the first blast to this effect to come from a top offi­cial – Bei­jing was send­ing up a tri­al bal­loon sig­nal­ing that the gloves were final­ly off. Zhao Lijian made a direct con­nec­tion with the Mil­i­tary Games in Wuhan in Octo­ber 2019, which includ­ed a del­e­ga­tion of 300 U.S. mil­i­tary.

He direct­ly quot­ed  [40]U.S. CDC Direc­tor Robert Red­field who, when asked last week whether some deaths by Coro­n­avirus had been dis­cov­ered posthu­mous­ly in the U.S., replied that “some cas­es have actu­al­ly been diag­nosed this way in the U.S. today.”

Zhao’s explo­sive con­clu­sion is that COVID-19 was already in effect in the U.S. before being iden­ti­fied in Wuhan – due to the by now ful­ly doc­u­ment­ed inabil­i­ty of the U.S. to test and ver­i­fy dif­fer­ences com­pared with the flu. 

Adding all that to the fact that coro­n­avirus genome vari­a­tions in Iran and Italy were sequenced and it was revealed they do not belong to the vari­ety that infect­ed Wuhan, Chi­nese media are now open­ly  ask­ing ques­tions [25] and draw­ing a con­nec­tion with the shut­ting down [26] in August last year of the “unsafe” mil­i­tary bioweapon lab at Fort Det­rick [27], the Mil­i­tary Games, and the Wuhan epi­dem­ic. Some of these ques­tions had been asked [28]– with no response – inside the U.S. itself.

Extra ques­tions linger about the opaque Event 201 [29] in New York on Octo­ber 18, 2019: a rehearsal for a world­wide pan­dem­ic caused by a dead­ly virus – which hap­pened to be coro­n­avirus. This mag­nif­i­cent coin­ci­dence hap­pened one month before the out­break in Wuhan.

Event 201 was spon­sored by Bill & Melin­da Gates Foun­da­tion, the World Eco­nom­ic Forum (WEF), the CIA, Bloomberg, John Hop­kins Foun­da­tion and the UN.  The World Mil­i­tary Games opened in Wuhan on the exact same day.

Irre­spec­tive of its ori­gin, which is still not con­clu­sive­ly estab­lished [41], as much as Trump tweets about the “Chi­nese virus,” COVID-19 already pos­es immense­ly seri­ous ques­tions about biopol­i­tics (where’s Fou­cault when we need him?) and bio-ter­ror.

The work­ing hypoth­e­sis of coro­n­avirus as a very pow­er­ful but not Armaged­don-pro­vok­ing bio-weapon unveils it as a per­fect vehi­cle for wide­spread social con­trol — on a glob­al scale.   

Cuba Ris­es as Biotech Pow­er

Just as a ful­ly masked Xi vis­it­ing the Wuhan front­line last week was a graph­ic demon­stra­tion to the whole plan­et that Chi­na, with immense sac­ri­fice, is win­ning the “people‘s war” against COVID-19, Rus­sia, in a Sun Tzu move on Riyadh whose end result was a much cheap­er bar­rel of oil, helped for all prac­ti­cal pur­pos­es to kick-start the inevitable recov­ery of the Chi­nese econ­o­my. This is how a strate­gic part­ner­ship works.

The chess­board is chang­ing at break­neck speed. Once Bei­jing iden­ti­fied coro­n­avirus as a bio-weapon attack the “people’s war” was launched with the full force of the state [42]. Method­i­cal­ly. On a “what­ev­er it takes” basis. Now we are enter­ing a new stage, which will be used by Bei­jing to sub­stan­tial­ly recal­i­brate the inter­ac­tion with the West, and under very dif­fer­ent frame­works when it comes to the U.S. and the EU.

Soft pow­er is para­mount. Bei­jing sent an Air Chi­na flight to Italy car­ry­ing 2,300 big box­es full of masks bear­ing the script, “We are waves from the same sea, leaves from the same tree, flow­ers from the same gar­den.” Chi­na also sent a hefty human­i­tar­i­an pack­age to Iran, sig­nif­i­cant­ly aboard eight flights from Mahan Air — an air­line under ille­gal, uni­lat­er­al Trump admin­is­tra­tion sanc­tions. 

Ser­bian Pres­i­dent Alek­san­dar Vucic could not have been more explic­it: “The only coun­try that can help us is Chi­na. By now, you all under­stood that Euro­pean sol­i­dar­i­ty does not exist. That was a fairy tale on paper.” 

Under harsh sanc­tions and demo­nized since for­ev­er, Cuba is still able to per­form break­throughs – even on biotech­nol­o­gy. The anti-viral Heberon [30] – or Inter­fer­on Alpha 2b – a ther­a­peu­tic, not a vac­cine, has been used with great suc­cess in the treat­ment of coro­n­avirus. A joint ven­ture in Chi­na is pro­duc­ing an inhal­able ver­sion, and at least 15 nations are already inter­est­ed in import­ing the ther­a­peu­tic.  

Now com­pare all of the above with the Trump admin­is­tra­tion offer­ing $1 bil­lion to poach Ger­man sci­en­tists work­ing at biotech firm Cure­vac [43], based in Thuringia, on an exper­i­men­tal vac­cine against COVID-19, to have it as a vac­cine “only for the Unit­ed States.”

Social Engi­neer­ing Psy-Op?

San­dro Mez­zadra, co-author with Brett Neil­son of the sem­i­nal “The Pol­i­tics of Oper­a­tions: Exca­vat­ing Con­tem­po­rary Cap­i­tal­ism,” is already try­ing to con­cep­tu­al­ize [44] where we stand now in terms of fight­ing COVID-19.   

We are fac­ing a choice between a Malthu­sian strand – inspired by social Dar­win­ism – “led by the John­son-Trump-Bol­sonaro axis” and, on the oth­er side, a strand point­ing to the “requal­i­fi­ca­tion of pub­lic health as a fun­da­men­tal tool,” exem­pli­fied by Chi­na, South Korea and Italy. There are key lessons [31] to be learned from South Korea, Tai­wan and Sin­ga­pore.

The stark option, Mez­zadra notes, is between a “nat­ur­al pop­u­la­tion selec­tion,” with thou­sands of dead, and “defend­ing soci­ety” by employ­ing “vari­able degrees of author­i­tar­i­an­ism and social con­trol.” It’s easy to imag­ine who stands to ben­e­fit from this social re-engi­neer­ing, a 21st cen­tu­ry remix of Poe’s The Masque of the Red Death [45].”

Amid so much doom and gloom, count on Italy to offer us Tiepo­lo-style shades of light. Italy chose the Wuhan option, with immense­ly seri­ous con­se­quences for its already frag­ile econ­o­my. Quar­an­tined Ital­ians remark­ably react­ed by singing on their bal­conies: a true act of meta­phys­i­cal revolt. . . .

. . . . Not even tril­lions of dol­lars rain­ing from the sky by an act of divine Fed mer­cy were able to cure Covid-19. G‑7 “lead­ers” had to resort to a video­con­fer­ence to real­ize how clue­less they are – even as China’s fight against coro­n­avirus gave the West a head start of sev­er­al weeks.

Shang­hai-based Dr. Zhang Wen­hong [46], one of China’s top infec­tious dis­ease experts, whose analy­ses have been spot on so far, now says Chi­na has emerged from the dark­est days in the “people’s war” against Covid-19. But he does not think this will be over by sum­mer. Now extrap­o­late what he’s say­ing to the West­ern world.

It’s not even spring yet, and we already know it takes a virus to mer­ci­less­ly shat­ter the God­dess of the Mar­ket. Last Fri­day, Gold­man Sachs told no few­er than 1,500 cor­po­ra­tions that there was no sys­temic risk. That was false.

New York bank­ing sources told me the truth: sys­temic risk became way more severe in 2020 than in 1979, 1987 or 2008 because of the huge­ly height­ened dan­ger that the $1.5 quadrillion deriv­a­tive mar­ket would col­lapse.

As the sources put it, his­to­ry had nev­er before seen any­thing like the Fed’s inter­ven­tion via its lit­tle under­stood elim­i­na­tion of com­mer­cial bank reserve require­ments, unleash­ing a poten­tial unlim­it­ed expan­sion of cred­it to pre­vent a deriv­a­tive implo­sion stem­ming from a total com­mod­i­ty and stock mar­ket col­lapse of all stocks around the world.

Those bankers thought it would work, but as we know by now all the sound and fury sig­ni­fied noth­ing. The ghost of a deriv­a­tive implo­sion – in this case not caused by the pre­vi­ous pos­si­bil­i­ty, the shut­ting down of the Strait of Hor­muz – remains.

We are still bare­ly start­ing to under­stand the con­se­quences of Covid-19 for the future of neolib­er­al tur­bo-cap­i­tal­ism. What’s cer­tain is that the whole glob­al econ­o­my has been hit by an insid­i­ous, lit­er­al­ly invis­i­ble cir­cuit break­er. This may be just a “coin­ci­dence.” Or this may be, as some are bold­ly argu­ing [47], part of a pos­si­ble, mas­sive psy-op cre­at­ing the per­fect geopolitl­cal and social engi­neer­ing envi­ron­ment for full-spec­trum dom­i­nance.

Addi­tion­al­ly, along the hard slog down the road, with immense, inbuilt human and eco­nom­ic sac­ri­fice, with or with­out a reboot of the world-sys­tem, a more press­ing ques­tion remains: will impe­r­i­al elites still choose to keep wag­ing full-spec­trum-dom­i­nance hybrid war against Chi­na?