millions of people In China are under quarantine. Since January, global 200.000 flights were cancelled and hundreds of container ships are lying at anchor. In Japan (second largest economy in Asia) remain closed the schools until the end of March. In Korea (the third largest economy in Asia) are in many companies the tapes to a standstill and the number of Infected is rising rapidly. For the first time, there is a curfew in Europe and in Italy for 50,000 people. But also in South America, Australia and in the USA there are sick people.

We say: We already have a pandemic - because now 32 countries on all continents. The risk of a global pandemic with fatal consequences for the globalized world economy is underestimated, in our view, completely. Since last week, it goes to the stock markets down and the bottom is still not in sight.

The rat tail that triggers the quarantine, so it's not even on the screen. By the Just-in-Time production, the warehouses are optimized in the world costs, on the roads and sea lanes has been laid. Now the downside of the dependence on the cheap work bench of China shows. The supply chain is disturbed and it first bottlenecks are clear. With each day the crisis continues, the people go to China to work, ports are closed and flights are being cancelled, to potentiate the effects on our globalized world economy.

Many companies around the world will recognize that it has gone into a dangerous dependence on China. You will again have a rethink. This means that jobs and production back home, get create Alternatives to reduce the dependency. The cost of China's growth. We see just the beginning of the de-globalise! About the authors

Marc Friedrich and Matthias Weik studied Economists. You give lectures and write books. 31. October 2019 appeared to her fifth book, "The greatest Crash of all time". In addition, they offer fee-based advisors advice on asset protection. For more information and Videos, see: www.friedrich-weik.de

China: money before health?

in the Meantime, the state and the companies do everything Possible to try to do in order to bring the frightened citizens back to their jobs and to Work. Regions have eased the Transport - and travel restrictions. Even President Xi Jinping, was forced to the firm, China's call to return to work. Cities such as Shanghai and Beijing will organize Shuttle rides. Free trains and buses to bring the workers, who were now, due to the Coronaviruses week at home, quickly back to the work bench back.

Even with money, the economy is trying to bring their workers back to their jobs. Foxconn produces the iPhone, is trying to buy his workers a Bonus of up to 7000 Yuan a month (instead of the usual 3000 Yuan), if you come to work. Whether the Chinese can actually buy is still open. Health is more important than money - this is also known in China.

Italy: Is the Virus the worst case scenario for a severely battered country?

Ironically, the economically stronger Northern Italy is hit by the Coronavirus home. This not only has dramatic implications for the de facto bankrupt Italy, but also for German companies. Their supply chains are closely intertwined with the North of Italy. Almost 1500 German companies have branch offices there, particularly automotive suppliers, the electrical and chemical industries.

hardest hit by the epidemic, the Lombardy is affected. It is the economically strongest Region in Italy. You and about a fifth of the economic power. To illustrate the importance of Lombardy for Germany: The volume of trade of Germany, with Lombardy, is almost as large as the with the economic great power, Japan.

For the already in a significant recession in dividend at the end of the North-Italian industry, the Coronavirus is catastrophic. But also for Germany, the impact on the local economy are not to be underestimated. DIHK foreign trade chief Volker Treier: "Finally, Italy, with a trading volume of 125 billion euros, the fifth-most important trading partner of Germany, and daily, in particular, essential industrial intermediate products in both directions across the Alps." Alone, this shows that "the Coronavirus begins to develop a significant impact on world trade".

in Addition, the Coronavirus is not fatal for the Italian tourism industry. But also for tourism in the world. The Chinese are particularly keen to travel. France has already made a break of 35 percent. Other countries will follow. The airlines, Hotels and cruise providers will particularly suffer. Now cancel holiday makers and business people churning their bookings. This is, however, the Ministry of culture and tourism will result in, is responsible for 13 percent of the gross domestic product and provides employment for 4.2 million people. To spread the Coronavirus in Italy and the local economy, more and more to a Halt, this will have fatal consequences for the country, for the EU and Euro area and, consequently, also for us citizens in Germany.
 

global risk of Crash

Known to have fired the banks of your powder. The interest rates in the Eurozone at zero and also in other countries, the interest rates are relatively low. In times of economic stagnation, the demand for credit is extremely low. Consequently, further interest rate cuts is no longer the goal. Thus, many Central banks can only distribute money to their citizens (to increase helicopter money) to the consumer. In Hong Kong permanent residents should get around 1300 dollars (of 10,000 HK dollars). If the point is doubtful, because with money printing problems can never be resolved on a sustainable basis.

nevertheless, we will see the largest Central Bank to experiment in history: The printing presses are pumping a lot of money into the System like never before. We go out of trillions, and interest rates will continue to fall. For US, this year we expect the 0 percent and then a negative interest rate for the Eurozone is not insignificant negative interest rates. However, as a result, the Virus will not stop.

Currently, the companies are in the world, thanks to the cheap money, and often extremely in debt. This is not a Problem, as long as the economy runs and in the best case, is still growing. However, this is not the case, the companies are first (can't pay their interest) and the banks in front of unsolvable problems. In the Wake of the crisis, the company promoted, and as a result reduced losses are the result. Investors are dimensions of the papers, voluntarily or forced, because they are allowed to hold securities only up to a certain Investment Grade, on the market throw. Just then, the danger is that the Coronavirus brings the Real and the financial economy, the Shaking is.

Central banks will continue to print money

no Matter how the Virus developed, the Central banks will continue printing money and we are facing the largest transfer of Wealth in history! This means that It is advisable to invest in by nature limited to property values. Since our recommendation to invest in precious metals, rose for the Golden money metal to new record levels in euros. For us only the beginning. We stand in front of a Golden decade. See you there!

Should the Spread of the Coronavirus and the world economy to a Standstill, this will not have fatal consequences not only for Germany and the Rest of the world. On top of that, we should not forget that China, with its gigantic shadow banking system and its Pump current economy, the second largest economy in the world. The Chinese financial and economic system is actually crashing, this will shake the world much more violent than the financial crisis of 2008/2009. Expert reveals: How Gold is betrays the real crisis, currency, FOCUS-Online expert: So Gold for real currency in a Crisis