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The US should wake up to the threat

(13 Mar) Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (“WHO”), has been playing down the severity of the virus outbreak in China for the sake of buying time for it to grapple with the outbreak while cheating other countries. However, while the corona virus just started to engulf Europe and the US, Tedros promptly declared such outbreak a pandemic.

It is undeniable that declaring the outbreak a pandemic in the midst of disastrous drop of oil price is not merely meaningless. It seems there is hidden agenda in overwhelming the USA and its stock market with negative information. Oil price has long been the tug of war between Russia and Arab states. Although Vladimir Putin, the Prime Minister of Russia, has agreed to cooperate and reduce their oil production. However, the Russian Energy Secretary left the Global Energy Conference directly held in Vienna in a haphazard manner. Donald Trump has acted in a seemingly reckless manner and blocked air traffic with Europe. While the liquidity crisis is imminent, the impact of the drop of half percentage and the capital injection of $1.5 trillion is paltry and cannot achieve the expected result.

Flirting with conspiracy theories is not my cup of tea, however, something fishy is looming. There’s never a lack of traders in the Wall Street who bet on the Chinese concepts and US-listed Chinese companies. The traders can collaborate on short-selling them. The stock market crisis in 2015 was seen by ZhongNanHai, the central strategic region of China, as a financial coup triggered by their opponents. It resulted in the arrest of several Citi Group’s top management staff and quite a few other fund managers were called upon for explanation. Irrational short-selling is not unprecedented and we can take the FuBong VIX ETF event as reference, buyers had to chip in in spite of the 30% premium in the stock price.

Let me be candid in saying that the current US government is acting like the Democratic Progressive Party (DPP) government in 24 Nov 2018, driven aghast and having no idea of what is going on. The consequences would be detrimental if the US government still couldn’t figure out it is not simply a virus outbreak. Be reminded that the reason why Taiwan can contain the crisis – Don’t listen to and follow what PRC government instruct. Taiwan people have been deceived so many times in the past.

Source: Facebook
https://bit.ly/2U8gisD

#WHO #CCP #Taiwan #Pandemic #Oils #Coronavirus #StockMarket