www.zerohedge.com BY SKWEALTHACADEMY
I’m sure many of you have seen this viral video of residents of Shanghai screaming into the night after just a few days of being locked down inside their residences starting on 21 March of last month, with the filming Chinese citizen providing rolling commentary and stating:
“If this persists, bad things will happen. The root cause of this is nobody knows how long [the lockdowns] will last. [The authorities] should give a detailed explanation…[People have been] cooped up at home for 7 days unable to step out of their doors. It’s not even that they weren’t able to leave their neighborhoods. This cannot last.”
Unfortunately, it can and it will last. In fact, almost a year ago, I predicted that the same draconian measures in Asia/Australia/NZ to which I was subjected would continue at least until 2023 in this piece: “Covid lockdowns will not end until 2023 (at the earliest)” and even detailed the rationale for my prediction. Furthermore, my patrons know that even as Western mass media celebrated “the end of Covid lockdowns” during Q1 this year, I doubled down on my mid-2021 prediction and repeatedly informed them of the ridiculous municipal, region and nation-centric focus of that narrative that ignored regions that contained more than half the world’s population (Asia and the Pacific rim). Given that the draconian lockdown measures that I knew would be coming to that region this year has now materialized, I reviewed the latest data I quoted is the true reason behind the latest ridiculous charade of Covid lockdowns. Since I’ve discussed that data multiple times already (hundreds of trillions of USD and Euro based interest rate derivative contracts bet upon continuing low Central Bank interest rates), and in detail in the referenced link above, I’m not going to repeat that discussion here. However, unfortunately the latest BIS reports that discuss such data reveals that global lockdowns, whether Covid or some other lame excuse is the basis to enforce them, are likely to continue not just until 2023, but likely into 2024/2025.
