WORSE THAN THE GREAT DEPRESSION!… St. Louis Fed Estimates Coronavirus Lockdown could Bring 32% Unemployment — Great Depression Brought 25% Unemployment

The Cure Is Now Officially More Dangerous than the Disease.

Thank you WHO Director General Tedros Adhanom Ghebreyesus, NIAID Director Dr. Anthony Fauci and globalist elites everywhere!

During the Great Depression the highest rate of US unemployment was 24.9% in 1933.

The St. Louis Fed projected on Monday the US unemployment rate during the coronavirus panic could reach 32% unemployment — higher than the Great Depression!

The St. Louis Fed estimated that 42 million Americans could lose their jobs.

A man-made depression is coming.

Hat Tip John

And it was all caused by faulty data!

There are two main organizations behind the global coronavirus panic.
** The first was World Health Organization’s Director General, Tedros Adhanom Ghebreyesus, who claimed in a press conference in early March that the fatality rate for the coronavirus was many multiples that of the fatality rate of the common flu. Ghebreyesus claimed the coronavirus had a 3.4% mortality rate and incorrectly compared this inaccurate number to the annual estimated flu mortality rate of 0.1%.
** And the second organization was the Imperial College study from London that claimed half a million Brits would die in the pandemic and 2 million Americans would perish from COVID-19.

They were both wrong.

As we have reported numerous times now…  The controversial Ethiopian politician and Director General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, claimed in a press conference in early March that the fatality rate for the coronavirus was many multiples that of the fatality rate of the common flu.

 This egregiously false premise has led to the greatest economic panic in world history.

The Director General of the WHO spoke on March 3, 2020 and shared this related to the coronavirus:

While many people globally have built up immunity to seasonal flu strains, COVID-19 is a new virus to which no one has immunity. That means more people are susceptible to infection, and some will suffer severe disease.

Globally, about 3.4% of reported COVID-19 cases have died. By comparison, seasonal flu generally kills far fewer than 1% of those infected.

Here is the video of Dr. Ghebreyesus’s remarks.

This statement led to the greatest panic in world history as the global elite media shared and repeated that the coronavirus was many, many times more deadly than the common flu.

The problem is his statement is false. 

And now, because of these flawed predictions, America is looking at a Great Depression worse than the Great Depression!

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

Thanks for sharing!