U.S. Economy in Abeyance More Than Ever

There had been, in the past, several predictions and articles on the possible collapse of the U.S. economy in the world media and publications, but nobody ever believed that the Coronavirus could disrupt solidarity of the U.S. federative ruling and thought while now one governor after the other launches scathing attack at the President.

IRAN NEWS POLITICAL DESK

One of the European publications which seems to be a weighty one and somewhat a reliable one among people is German weekly Der Spiegel. The weekly which is accused of being pro-Zionist in Germany last week in an article with the title of “ How Trump is Fueling a Corona Disaster” tried to study the dimensions of catastrophic disaster management of the White House in the U.S. and sudden and unexpected collapse of the U.S. economy.

The weekly claims “Coronavirus has swallowed all economic and financial sectors in the U.S. It first affected nightclubs, restaurants and movie halls that they are all facing economic collapse and according to the Americans, they are close to the bankruptcy.”

The weekly’s report raises this question whether the world is to witness an internal burst in another superpower country.

How can it be said an economy is on the verge of collapse? Can loss of jobs of about 20 percent of the people and closure of the enterprises be considered as an index for the economic collapse? Can the inefficiency of the central government of the U.S. in disputes between governors and mayors with the President be considered a sign of collapse? Aren’t the miles-long queues of the hungry people at food banks for getting meal the signs of the economic collapse? How much poverty is acceptable in a country? How does capitalism look at the poverty? Or according to that rich American remark “anyone who does not have wealth is better to die” is considered as the criteria for human survival?

Der Spiegel continues in the article, “Coronavirus effect is tangible nowhere in the U.S. better than the long queues for distribution of free food for needy people. One of the managers of the charity institutes in Chicago says the institute distributes over three tons of food stuff daily among the needy people. In Manhattan, people also stand in long queues in front of a building where free food is distributed among the people. These scenes are so black and that one can hardly distinguish such scenes in the past three decades.”

When President Donald Trump took office three years ago, in his worn-in ceremony vowed to protect the U.S. dignity, national honor and to show new U.S. capabilities. In his first speech on January 20, 2017, Trump said, “We will bring back jobs. We will bring back our wealth back to the country.” He even further said that he would save the world from the disaster and woe of disease. Trump then said, “A new national pride will stir our souls, lift our sights, and heal our divisions.”

But now the Coronavirus has involved the U.S. in its worst crisis since the Great Depression (a decade before the World War II which began in 1929 and lasted in the late 1930’ in the U.S. and other countries that one can call it the worst and longest economic crisis in the 20^th Century).

The Great Depression began with the sudden collapse in the Wall Street (New York Stock Exchange) in the autumn of 1929 and it has been remembered till now. The coronavirus pandemic has affected all nations on the globe but shortages have not been so clear and visible anywhere in the West like the U.S.

In the late days of February, the U.S. President claimed that his government has was fully controlling the condition but he was ignorant that the number of infected people in the U.S. is reaching one million and hospitals in New York, Detroit and New Orleans can hardly admit flux of patients.

The German weekly in its article continues, “Different from other global crises, this time the U.S. has been eliminated as the pioneer and leading country.” Actually the U.S. today is totally busy with its own crisis. In between, Trump feels it is to his benefit to attack the international organizations like World Health Organization which should really coordinate global fight against this crisis. He threats the WHO that he would cut the U.S. funding because the organization has “made a pig’s ear of it.”

All these events, even those remained out of the media’s eyes, show that the U.S. economy is currently in abeyance more than ever and it is moving towards nowhere and it has paved the ground for the world people to bring their dollars to the market and to change it with other currencies or goods which ultimately will lead to the collapse of dollar. So the result is that tsunami of collapse has begun its countdown and I have a one hundred-dollar note in my pocket that I will change it with yuan.