Legendary financial and geopolitical cycle analyst Martin Armstrong says parts of the global economy have been permanently destroyed, and nowhere is that more apparent than job losses. Armstrong explains, “You have such a collapse in the infrastructure of the world economy. You have effectively 300 million people who have lost their jobs. On top of that, you have these negative interest rates where nobody is buying European bonds where the European Central bank has been buying them all. They can’t raise interest rates because their own portfolios blow up.

So, they are grasping at straws, at this point, to try to appear to be doing something. Although the Fed printing a $120 billion a month sounds like a lot of money, it’s still not going to produce inflation. We have such a contraction in the global economy, the losses are amazing. . . . Driving down the streets in Hollywood the streets are full of people in tents. The homeless have skyrocketed dramatically, and mainstream media (MSM) won’t talk about this. It definitely seems this has all really been just political. There is just no justification for lockdowns. . . .We have such a massive contraction with 60% of small businesses that will not reopen in America, and we are not through this yet.”

https://youtu.be/kM81PFOX5jA