Editor-in-chief (Ukraine): the pandemic coronavirus collapse is waiting for Ukraine and the whole world

the Chinese Pandemic of the virus Covid-19 continues to gain momentum and spread around the world, and “light at the end of the tunnel” is not yet visible. However, it is now clear that the world after the test, the coronavirus will change. In particular, it has become apparent collapse of some elements of the global system of human civilization.

first, the pandemic coronavirus has exposed a serious crisis and incompetence of the ruling elites all over the world. They were not able to pass this test and has proved to be completely ineffective crisis management. They can only operate in calm conditions. The elite in most countries has become obsolete.

second, for example, in the Czech Republic said that the United States stay closed for two years. But socio-economic and financial system cannot stand the stress for two years! It is already falling apart. Besides, in many countries, there was no financial “safety cushion”, and the pandemic was in a financial and economic collapse (almost all African and Asian countries, as well as half of the European countries).

moreover, the test of the world the pandemic is exacerbated by a powerful energy crisis. This will inevitably lead to the destruction of dozens of countries that prospered thanks to oil production, primarily Russia, which has no chance to survive in the struggle with Saudi Arabia.

third, the approaching collapse of the financial system and is already running the “printing press” dollars. But accumulate green “toilet paper” with the faces of American presidents, which will continue to depreciate, no one will. In fact, we are approaching the crisis of the world monetary circulation. And it is not clear what the money should be concentrated to countries that do not have their machine the Euro and the us dollar. The crisis in this field is every day more and more deepened.

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fourth, the collapsing stock markets. This means that collapsing the joint-stock Corporation, which were consolidated over the centuries, that is, transnational collapsing stock, share capital. If the collapse of the TNCs, will collapse the global trade system and services, together with tourism, aviation, hotel business — and with them into the abyss will leave trillions of dollars. This means a blow to the countries which live at the expense of tourism and resorts across Italy, Spain, Greece, Britain… two-four weeks and all this will turn into junk assets that no one, no printing of dollars and euros, not able to save.

Also, look, the stakes are the world’s leading banks have been reduced to zero. Except for Chinese. This means that the us Federal reserve system, and the European Bank has exhausted its possibilities, and they have no choice but to print money, that is to put out a fire with gasoline. What they are doing. But so long can not continue.

fifth, followed by sprinkling the production of goods and services for the population within countries — they are simply not needed. Let’s look at those States and entities, where a curfew is dead regions!

It’s like Scylla and Charybdis: on the one hand, if you let people move, they start to get infected, and a growing number of those who were sick and dying. On the other hand if you forbid people to move around, the crumbling economy and the national economy. Which is better?

If there are strict restrictions, curfew, and stops the mining industry, which means the collapse of the extractive industries, because their products will be useless. If production falls metal falls and Metalworking. And if falls Metalworking, will fall and the construction industry don’t want homes and new construction in Kiev (soon we will see a lot of “unfinished projects”).

the Next burst banks. And if that happens, will the collapse of the national currency units. The situation will develop according to the “Domino effect”. Begin to crumble the industrial infrastructure of the state: power plants, thermal power plants, etc., then there are industries related to the functioning of society as a whole. Money in the budget will not, because there will be nobody to pay taxes. And taxes will not be, because there will be value added — those who can create it, stop and close businesses, are capsuled, move to subsistence farming.

Everything will grow like an avalanche. Africa, Asia, backward countries of Europe: Georgia, Moldavia, Ukraine, Albania, Serbia and others. They have the worst.

What’s next? The sale of weapons of various calibers in the US in recent months has increased significantly. The people there are preparing for the next phase, which will be little food and other things, and people will not tolerate a curfew. And States would not have the money to support a punitive system…to seek help from China constantly fail — China and the world need. He’ll help once, well, twice… And that’s all. And then the next step will be the collapse of all state institutions. Not only in Ukraine, but everywhere.

Oleg Soskin, Director of Institute of society transformation, economist and political analyst

the new York times contain estimates of the solely foreign media and do not reflect the views of the editorial Board of the new York times.