Coronavirus As An Economic Contagion

Steve Bannon discusses the Chinese Coronavirus as an economic contagion and how the Trump economic security doctrine applies to the current downstream impacts.  Even before the Coronavirus surfaced in China there was lower manufacturing factory activity within the Chinese economy.  The necessary response within China to control the spread of the Coronavirus was to shut down most commerce.  Factories, schools &  businesses throughout China were impacted as various containment measures took hold.

Economic Nationalism -vs- Economic Globalism

Despite the intense doomsayer predictions surrounding the ‘Coronavirus as an economic contagion’ narrative, the U.S. economy remains strong. When evaluating economic impacts for the USA it is important to remember 80 percent of all activity within the U.S. is internal. We create and consume eighty percent of our own production.
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HHS Secretary Alex Azar appears on Face The Nation with professional drama queen Margaret Brennan to discuss ongoing Coronavirus mitigation efforts.  Ms. Brennan uses her best dramatic voice, and a recently attained expertise in virology, to advance her network’s emotional hunches that all hope is lost.  Ms. Brennan is verklempt.
The drama and anxiety riddled questioning is so stunningly over-the-top, mid-way through the segment the interview becomes a parody unto itself.  WATCH:

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CTH is more confident than ever about POTUS having a comprehensive understanding of the bigger picture around COVID-19 and China’s Coronavirus outbreak.  In this interview Senator Marco Rubio discusses the risks that China now represents on a myriad of levels.
The Coronavirus issue hits on three main points of policy outlined by President Trump since his initial announcement of candidacy in 2015:  (1) The need for secure borders and strong immigration controls. (2) The need to stop reliance on Chinese manufacturing; and (3) The need for the U.S. to have independent control over key sectors of manufacturing; including healthcare products and pharmaceuticals, as a matter of national security.

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Stay big picture. Think about what you know of the aggressive Communist and strategic disposition of China. In addition to the risks within technology development (well discussed), allowing China to have a heavy influence over critical healthcare supply chains is too dangerous.
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Economic Nationalism -vs- Economic Globalism

Despite the intense doomsayer predictions surrounding the ‘Coronavirus as an economic contagion’ narrative, the U.S. economy remains strong. When evaluating economic impacts for the USA it is important to remember 80 percent of all activity within the U.S. is internal.  We create and consume eighty percent of our own production.

The U.S. economy is unique in the amount of balance within it as compared to other industrial economies.  We are not dependent on exports to sustain our economy; and we are not dependent on any imports at the macro level.  Unlike China, Asia and Europe, and despite decades of efforts by globalists and multinationals, the U.S. generates and sustains a tremendous amount of our own economic prosperity.  First the January data:
The Bureau of Economic Analysis (BEA) reveals data today showing January wage growth .5%, personal income increases .6%, consumer spending at .2%; overall U.S. savings at $1.33 trillion, and low inflation at 1.7 percent year-over-year.  Solid and stable.
Both consumer spending (+.2 Jan) and inflation (1.6% Jan) were impacted by lower energy prices (-.7%) & mild weather in January.  Reuters spins the lower rate of spending growth to imply a contracting U.S. consumer; there is no data to support that narrative.
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President Trump and Members of the Coronavirus Task Force are scheduled to hold a press conference today at 6:30pm Eastern.  The COVID-19 taskforce was established on January 29th.  A quarantine and travel entry ban was announced January 30th, and ongoing proactive efforts to mitigate U.S. risk from the coronavirus outbreak are ongoing.

Fox Business Livestream – White House Livestream – RSBN Livestream Link

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The task force is being led by HHS Secretary Alex Azar and includes: Dr. Robert Redfield, Director of the Centers for Disease Control and Prevention; Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health; Ken Cuccinelli, Acting Deputy Secretary, Department of Homeland Security; Matthew Pottinger, Assistant to the President and Deputy National Security Advisor.
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A member of the Coronavirus taskforce, Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, appears on CNBC to discuss the latest information about the Trump administration response effort.
You can visit the COVID-19 Information Page HERE

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CTH disagrees with Dr. Fauci on one point. Fauci doesn’t think additional countries will be added to the U.S. travel entry restrictions… CTH sees a strong possibility more countries will be added or restricted; possibly announced later today.
ps. Press briefing moved to 6:30pm.
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In 2018 President Trump established a National Biodefense Strategy specifically to improve the speed of action for any biological risk to U.S. Citizens. [pdf here]

Following the initial reports from China, and in response to potential U.S. health risks; and anticipating multiple agency aspects of the U.S. government would need a unified command structure; on January 30th President Trump assembled a unified task force to coordinate all response efforts across the totality of government.
At the time the task force was established, January 30th, President Trump signed a presidential proclamation, using his authority pursuant to Section 212(f) of the Immigration and Nationality Act, temporarily suspending the entry into the United States of foreign nationals who pose a risk of transmitting the 2019 novel coronavirus.
The task force is coordinated through the National Security Council. It is composed of subject matter experts from the White House and several United States Government agencies, and it includes some of the Nation’s foremost experts on infectious diseases.
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White House Manufacturing and Trade Advisor Peter Navarro has been advocating for a return to U.S. production of medical products as a matter of national security.  With the spread of the Chinese Coronavirus and a rapid depletion of medical response products, Navarro’s concerns carry more weight than ever before.
President Trump has tasked Navarro with lead position coordinating the administration response to U.S. supply chain impacts.  In this interview with Charles Payne, Peter Navarro outlines the ongoing efforts to address all Coronavirus impacts.

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On the economic front President Trump has positioned the U.S. to withstand supply chain disruption better than most consumer economies. Starting from a position that the U.S. was too dependent on Chinese products; over the past two years Trump has pressured companies to return to the U.S. or find alternate suppliers outside China. During the two-year tariff battle many companies did exactly that. As a result those companies are not dependent on Chinese component goods. A proactive position is now helping many U.S. companies avoid the China economic contagion, and insulating their business interest.
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White House Trade and Manufacturing Advisor Peter Navarro has an interview with Maria Bartiromo to discuss potential U.S. supply chain issues and the need to reorient our medical equipment manufacturing back to North America.   As Navarro highlights the Chinese communist govt recently nationalized an American medical manufacturing company and commandeered all of their products. An important discussion.
Additionally, Navarro discusses the ongoing administration effort to combat incoming fake products from China still estimated to be over ten percent of all imports.

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The Chinese Communist Party (CCP) now admits to an internal report showing the Coronavirus did not originate from the Huanan food market as they initially stated.
Senator Tom Cotton has previously questioned the origination claim because there is a level-4 biological weapons lab in Wuhan, China, where the Huanan market is located.  Tonight Senator Cotton tweets vindication toward his original suspicions:
(Via Global Times) A new study by Chinese researchers indicates the novel coronavirus may have begun human-to-human transmission in late November from a place other than the Huanan seafood market in Wuhan.
The study published on ChinaXiv, a Chinese open repository for scientific researchers, reveals the new coronavirus was introduced to the seafood market from another location, and then spread rapidly from market to market. The findings were the result of analyses of genome-wide data, sources of infection and the route of spread of 93 samples of the novel coronavirus collected from 12 countries across four continents.
The study believes that patient zero transmitted the virus to workers or sellers at the Huanan seafood market. The crowded market facilitated the further transmission of the virus to buyers, which caused a wider spread in early December 2019.
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