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The Daily Sceptic
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Markets Tumble as Beijing Lockdown Threatens

by Will Jones
25 April 2022 12:55 PM

Markets have been spooked by the prospect of the severe Shanghai lockdown – now in its fourth week – being extended to Beijing as one district in the Chinese capital is sealed off following a few dozen positive Covid tests, prompting panic buying. Reuters has more.

Asian markets suffered their worst session in over a month overnight as worries that Beijing could soon be back in lockdown sent Chinese shares back to 2020 lows, and as the effects of Wall Street’s 2.5% slump on Friday lingered…

MSCI’s broadest index of world shares slid 0.7% to a six-week low. Oil fell over 4% in commodity markets and the worries about Beijing saw the Chinese yuan skid to a one-year low.

State television in China reported that residents were ordered not to leave Beijing’s Chaoyang district on Monday after a few dozen Covid cases were detected over the weekend.

The China-sensitive Australian dollar fell as much as 1.2% while the U.S. dollar climbed unhindered to a two-year high, hitting $1.0707 against the euro and 1.2750 versus Britain’s pound.

Much focus on is on how fast and far the Federal Reserve will raise U.S. interest rates this year and whether it will, along with all the other global worries, tip the world economy into recession.

The Ukraine crisis, with its extensive sanctions on Russia and boycotts of Russian energy, have added to the woes, alongside the colossal borrowing of the past two years to fund Covid lockdowns, leading to one of the worst starts to the year on record for the world stock markets.

Hard to believe any country is still willing to sacrifice its economy in a vain effort to keep the virus out. But it certainly puts paid to any idea that lockdowns were a weapon inflicted on the world by China, convincing everyone else to use them while largely avoiding them itself. Plainly, China is a true believer in the ludicrous lockdown faith, and even as the rest of the world moves on, China’s zeal for the cause threatens to inflict yet more lockdown damage on the world economy.

Worth reading in full.

Tags: BeijingChinaEconomyLockdown costLockdown harmsShanghaiStock marketsUkraine

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58 Comments
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RickH
RickH
4 years ago

“The Guardian’s report is worth reading in full”

Well – that makes a change 🙂

29
-1
iane
iane
4 years ago
Reply to  RickH

However, that was of course untrue!

13
-1
wendy
wendy
4 years ago
Reply to  iane

Mhmm, I used to read almost nothing but the guardian before covid times … now I couldn’t bring myself to open this or any other article and I don’t see myself ever going back.

32
0
fon
fon
4 years ago
Reply to  wendy

The Guardian has singularly ailed to live up to its name in any way shape or form, the good news is nobody but the bbc buys it now, it’s a worthless brand. The guardian is doomedIt died of covid19, part of the collateral damage of lockdown.

I have no doubt that, had the Guardian led the charge against lockdown, lives would have been saved, but the strong current of political correctness was too much for it to ignore. So they burned all their principles on an ill fated crusade against human rights. It’s strangely satisfying that a paper founded on support fot human rights should run aground when it abandoned its principles. Good riddance to bad rubbish, my only regret is that I was a loyal reader for 30 years. I even used to buy it at Munich Hauptbahnhof, when I lived there – more fool me, they abandoned me, though. They are too childish now.

23
-1
RickH
RickH
4 years ago
Reply to  wendy

The Groan went over to the dark side a while ago – when the Scott Trust was folded and the editorship changed. For a while, it wasn’t noticed except by a few who fell foul of its establishment biases and got blanked by its comment columns. Although in earlier times, for instance, it had been leaned on by the Israel lobby, it suddenly wouldn’t report its doings.

Thus the epithet ‘The House Journal of MI6’ – i.e – a safe channel for stuff coming out of government and the establishment.

11
0
JohnK
JohnK
4 years ago
Reply to  wendy

Correct. I used to do that every day (even back in paper days), but I’m glad I never subscribed to it online.

2
0
George Carmody
George Carmody
4 years ago

“Understanding these drivers is important, because without this understanding you can’t implement any interventions.” 

Why would they want to implement interventions? How about leaving it to individuals to make up their own minds and then respect that decision?

67
-1
iane
iane
4 years ago
Reply to  George Carmody

Come, come, if people did that then we would be back on the path to at least some hint at democracy!

37
-1
Jane G
Jane G
4 years ago
Reply to  George Carmody

Exactly – I don’t see myself and my attitudes as being a ‘problem’ they must ‘tackle’.

32
0
wendy
wendy
4 years ago
Reply to  Jane G

Unfortunately for us they see our attitudes and ourselves as problems!

23
0
Jane G
Jane G
4 years ago
Reply to  wendy

Too true – but long may we remain a pain in their collective arse!

19
0
fon
fon
4 years ago
Reply to  George Carmody

People are too ignorant for that policy, that is why we have to be governed.

1
-22
RickH
RickH
4 years ago
Reply to  fon

Ja wohl!

11
0
fon
fon
4 years ago
Reply to  George Carmody

Could you imagine the chaos if we let people decide for theselves whether to drive on the left or the right side of the road ? Or whether to pay tax or not. Or when they are sober enough to drive. Use you head, George! No, sometimes it is quite right for a government to make a law, we need that!

1
-46
helenf
helenf
4 years ago
Reply to  fon

Why are you on this site?

17
0
scuzbert
scuzbert
4 years ago
Reply to  helenf

It’s here because it’s on duty.

12
0
J4mes
J4mes
4 years ago
Reply to  helenf

I’d love to know how much they’re getting paid.

3
0
CovidiousAlbion
CovidiousAlbion
4 years ago
Reply to  fon

“sometimes” – No one had argued for never. The discussion is specifically about coerced / forced medical experimentation. If you read back your comment, I think you’ll recognise it wasn’t making any relevant point.

7
0
ShropshireLass
ShropshireLass
4 years ago
Reply to  fon

These comparisons are completely missing the point. Laws need to be based on sound principles and practices, be evidence based, proportionate, logical, practicable and reasonable. They also need to be adjusted, refined, or repealed (removed) as experience of the outcomes of their implementation materialises. Nothing about the official government narrative meets any of these criteria.

Last edited 4 years ago by ShropshireLass
8
0
Sandra Barwick
Sandra Barwick
4 years ago
Reply to  fon

The rule of law is important in a democracy, Fon, and it’s a shame you haven’t experienced one of those. But totalitarianism in which lies are a tool of government, the people have a duty to refuse to obey and to rebel. This is true in Communist China, which you admire.

6
0
J4mes
J4mes
4 years ago
Reply to  fon

Aren’t you the one who posted that emotional comment above about loss of human rights?

Are you sober enough to drive?

Last edited 4 years ago by J4mes
6
0
Dylan2021
Dylan2021
4 years ago

“Key reasons include concern about the speed of vaccine development, presuming Covid immunity because of previous infection and a lack of trust in the Government.”

Valid concerns and nothing whatsoever to allay them.

42
0
JohnK
JohnK
4 years ago
Reply to  Dylan2021

Another reason may be that many of them are intelligent and informed enough to ask questions, and not to buy things off door to door sellers etc. After all, “lack of trust in the Government” is a wise position to start with, especially now.

16
0
stevie
stevie
4 years ago
Reply to  JohnK

Maybe they have also seen some adverse reactions.

5
0
realarthurdent
realarthurdent
4 years ago

No mention of the 1047 people – that we know of – having died from all causes following the vaccine in the UK, according to the Yellow Card scheme. Amounting to 1 death per 42,500 doses of vaccine.

As can be seen from using the Oxford “COVID death risk” online calculator, for the majority of people under 50 the risk from the vaccine is higher than the risk of death from COVID.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/982474/Covid-19_mRNA_Pfizer_BioNTech_vaccine_analysis_print2.pdf
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/982453/COVID-19_AstraZenenca_Vaccine_Analysis_Print.pdf
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/982455/Covid-19_Moderna_vaccine_analysis_print.pdf

Little wonder that people in the Health Service who are more likely to be aware of the Yellow Card scheme are opposed to having the vaccine. Not hesitant. Opposed.

73
-2
Rigger Mortice
Rigger Mortice
4 years ago
Reply to  realarthurdent

Super post.I’m under 50,just,NHS worker-Paramedic-,this is exactly the reason I haven’t taken up their offer.
I went from taking covid patients to hospital to taking people having adverse reactions to hospital sometime in Feb iirc.
I didn’t know it at the time,but that was when the MHRA algorithm as missing the bad news.
I’d lvoe to see the figures for people dying within 28 days of the vaccine.

40
0
Sandra Barwick
Sandra Barwick
4 years ago
Reply to  Rigger Mortice

Thank you for posting, Rigger. Love the last sentence.
I read in a BMJ letter from a pharmacist that a drop in platelets – probably usually transitory? – is a common effect of AZ, between one in 10 and one in 100.
The figures for the rna vaccines on this need to be urgently publicised. We know they do it too.
Those with existing low platelets, which is one in 10 of those with Chronic Lymphocytic Leukaemia, a disease which is woefully under diagnosed in the UK, do they know that?
Those young women with anaemia, do they know that?
Informed consent, anyone?

5
0
Small guy
Small guy
4 years ago
Reply to  realarthurdent

If I’m reading those links correctly, there are over 1000 deaths reported, for around 30 million people vaccinated. That would be one death in 30,000.

According to Ofxord’s QCovid Covid death risk calculator, a healthy 49 year old has around the same chance of death from Covid today.

According to the statistics presented by JVT on the 7th April, chances of ‘severe harm’ for 50+ is less than 1 in 250,000 (<0.4 per 100,000):
https://dailysceptic.org/first-do-no-harm-means-not-vaccinating-young-people/
I wonder what methodology they used for that then.
Is it reasonable that that chances of ‘severe harm’ from the vaccine are 10x lower than the Yellow Card reported fatality rate? Possibly, but equally I don’t think the attribution of ‘covid deaths’ was done using such a high bar.

JVT’s slides also show that chances of severe harm for 30-39 year olds is 4x greater than for 60-69 year olds. So it’s not like the vaccination risk is decreasing as the vaccination is rolled out to lower age groups. It is increasing.

“Informed consent”?

1
0
Jo
Jo
4 years ago

I really hate that “vaccine hesitancy” phrase. A lot of those people will have, in the months they have probably been pressured to have the thing, firmly decided what they want to do, which is, take the “safe” option, operate under the “precautionary principle” and let their immune system look after them, uncontaminated by an experimental “novel” gene technology.

70
-1
Sandra Barwick
Sandra Barwick
4 years ago
Reply to  Jo

Many, probably most in the NHS, have had Covid. They don’t need the vaccine. They know that.
Vaccinating those who are already immune is one of the key betrayers of the Big FatLie for pharmaceutical profit which now rules us all.
Ban the word “hesitancy”.

11
0
Occamsrazor
Occamsrazor
4 years ago

Thank goodness some people have some sense and ability to assess risk. I’m pleasantly surprised the number’s that high considering what completely hysterical muppets most people are.

53
0
CovidiousAlbion
CovidiousAlbion
4 years ago
Reply to  Occamsrazor

People trust the media. They trust the NHS. They trust experts presented by the media. Aside from petty corruption, such as expenses claims, they even, more or less, trust politicians.

When all these “independent” pillars of our society (government and “opposition” in unison) collaborate to deliver Project Fear, it’s no surprise that we become a nation of “hysterical muppets”.

A few of us haven’t been taken in. Maybe we were abnormally cynical, perhaps from bad experiences we’d happened to have had. I believe most of us need to accept we’ve just been lucky, as regards the psychological operation. In many cases, it’s not down to us being super smart.

17
0
Woden
Woden
4 years ago
Reply to  CovidiousAlbion

It’s not ‘luck’ it is common sense, sadly lacking everywhere seemingly..

7
0
CovidiousAlbion
CovidiousAlbion
4 years ago
Reply to  Woden

Actually, “common sense” is a tool of the flimflam. Propositions can become accepted by asserting they’re just “common sense”, similar to Gary Lineker asserting that face nappies were a “no brainer”.

0
0
fiery
fiery
4 years ago
Reply to  CovidiousAlbion

I’m an ex nurse and have no faith or trust in the NHS having seen too many patients persuaded to accept treatment where the side effects or life changes are sugar coated by doctors and people are talked into having procedures which many wouldn’t have agreed to if they’d known the truth.
I was never duped by the Covid hysteria and had a fairly shrewd idea how this debacle was likely to pan out. No one would describe me as vaccine hesitant as I’m absolutely resolute I won’t be having the job jab. As someone with no health problems whatsoever I certainly don’t wish to engage in a game of russian roulette.

5
0
James Kreis
James Kreis
4 years ago

“Research by the University of Leicester” – yet another institution that has taken cash from Mr Vaccine.

https://www.gatesfoundation.org/about/committed-grants?q=University%20of%20Leicester

34
0
Susan
Susan
4 years ago

“As expected, ethnicity was also a major factor.” Sounds a bit patronizing!

19
-1
Annie
Annie
4 years ago
Reply to  Susan

Or racist.

13
-2
RickH
RickH
4 years ago
Reply to  Susan

No. It’s just description – of a fact that is well known. Some ethnic groups have, objectively and quantifiably, shown a more intelligent response to the vaccines than the white British.

19
0
helenf
helenf
4 years ago
Reply to  RickH

Whatever it is, it’s deliberately devisive, like so much these days.

10
0
Sandra Barwick
Sandra Barwick
4 years ago
Reply to  RickH

Yes, when I read about Ebola, and the locals doing their very best to avoid the white guys in Hazmat gear with their Western treatments, I sorrowfully admit that I felt a moment of patronising superiority.
I would like to sincerely apologise. Their instincts were far better than mine. I was being very dim.
I’d like now to read a careful investigation on the Ebola outbreaks, focusing on how much money was poured into that, and who profited and by how much. Looking back, massive psy ops may have been going on there too – it was the same crowd.
Ebola exists … but who profited from it, and how?

2
-1
vargas99
vargas99
4 years ago

“Understanding these drivers is important, because without this understanding you can’t implement any interventions,” said Dr Manish Pareek, Associate Clinical Professor in Infectious Diseases at the University of Leicester who led the study.

And herein lies the problem. Instead of “implementing any interventions” , how about just accepting that some people have a different view, have done their own research and will not be coerced into this?

37
0
RickH
RickH
4 years ago
Reply to  vargas99

“how about just accepting that some people have a different view”

As considered public health strategy documents have recommended : leave it to individuals to assess their risk on the basis of good information rather than government and Big Pharma PR campaigns.

… and recognising that, since the end of WWII, it has been against medical ethics to coerce people into medical treatment. Basic stuff. Otherwise you’re with Mengele, not civilisation.

35
0
NonCompliant
NonCompliant
4 years ago

So 23% of healthcare workers have a brain after all !!!

Going to be some serious pressure and guilt applied to them that’s for sure. Good on em.

18
0
helenf
helenf
4 years ago

I didn’t read the article because…well, I didn’t think it was probably worth reading in full. So I don’t know if the study made any reference to first versus second injection, but a cursory glance at published stats suggests that the gov are going to face increasing difficulties persuading people to have a second dose of experimental “vaccine”, presumably because of adverse reactions people are having to the first, and increasing awareness of serious adverse reactions and deaths. In terms of reported deaths, I note that the growing numbers are not slowing down, contrary to the MHRA’s insistence that these deaths are predominantly among the elderly and those with underlying illnesses. Given that those groups were “vaccinated” some time ago, the growing numbers of post injection deaths suggests younger and healthier people are also dying.

10
0
CovidiousAlbion
CovidiousAlbion
4 years ago
Reply to  helenf

There’s a possible explanation for why the government switched strategy to increase the rate of people receiving first shots, at the expense of fully “protecting” the supposed vulnerable group (which, originally, were the only ones for whom the experimental injections were intended). Get as many people as possible done once, before news of the adverse reactions builds and spreads.

We know our government, and the WHO, are keen to inject us all. What we don’t know (aside from exactly why) is the extent to which one shot each is sufficient for their purposes.

Anyone who has had no immediate ill (or significant) effect from his first injection is likely to think “in for a penny, in for a pound”, I suspect.

Last edited 4 years ago by CovidiousAlbion
13
0
MechEng
MechEng
4 years ago

Are such groups, including also non health workers at other large work places where vaccines are encouraged able to get together to support each other and/or form a large group that represents all of them?

E.g. I imagine if the boss and/or human resources speaks to an individual and tries to persuade them to get the jab it would be easier for that individual if they could ask that another employee they nominate is present (that was common practice in my company that you could do that if you wanted for any uncomfortable discussions), or better still everyone insist the company have to speak to all 10, or 100 of them at once, or a nominated committee to ensure all the points are properly raised, the meeting minuted and pressure put on the employer etc to rethink.

I’m not sure where unions are on all this, I’m seeing mixed messages, so perhaps not much help, but it would be nice if there was some national group set up with suitable knowledge they could all contact who could help them in discussions with their employers and explain to them why attitudes like “Understanding these drivers is important, because without this understanding you can’t implement any interventions,” or “We urgently need strategies to build trust and dispel myths….” are missing the point.

8
0
CovidiousAlbion
CovidiousAlbion
4 years ago
Reply to  MechEng

Group action would certainly help, but it brings the risk that your “representatives” concede on your behalf.

If, and when, it comes down to it, you need to stand up for yourself. If your boss demanded you played Russian Roulette, to keep your job, you’d surely stand quite firm.

Who knows how long a job is going to last, anyway, nowadays? If we ever return to sanity, you should be entitled to an unfair dismissal payout, from your firm – if it still exists by then!

Top advice: https://www.youtube.com/watch?v=kkQXnQ0plDA

6
0
MechEng
MechEng
4 years ago
Reply to  CovidiousAlbion

“brings the risk that your “representatives” concede on your behalf”, yes, I agree, very good point. I’m imagining if I was still at work and put in this situation I’d want for at least several of us to be present at once and not feel I’m the only one. I think I’m seeing it not as a negotiation, more a communication and putting the pressure back on them to back off and leave us alone.

3
0
MechEng
MechEng
4 years ago
Reply to  MechEng

And to counter the issue that a survey like this is perhaps in effect controlling the message that gets back and not letting those surveyed control that message.

2
0
David101
David101
4 years ago

And health care workers are more qualified to comment on the safety and effectiveness of vaccines. They know a thing or two about a thing or two.
Either that or my nephew is a monkey.

8
0
JohnK
JohnK
4 years ago

No surprise. The ONS ‘hesitancy survey’ showed that they expect younger groups to be more likely to say ‘No’, without taking into account the competence & intelligence of them in any specific group.

Age range hesitancy ONS.png
2
0
Crystal Decanter
Crystal Decanter
4 years ago

Jab enthusiasts are white supremacists by their own woke standards.
Take the white mans vaxx savages

1
-4
J4mes
J4mes
4 years ago
Reply to  Crystal Decanter

What are you talking about? The vast majority of those who’ve been coerced into getting this jab have been white.

Last edited 4 years ago by J4mes
4
0
Royd
Royd
4 years ago

‘…or assuming immunity to Covid because of previous infection were some of the key reasons cited.’

That seems a perfectly reasonable assumption to make.

4
0
marebobowl
marebobowl
4 years ago

Medics and nurses and care workers are the witnesses to the huge amount of adverse events and deaths post vaccine. That is why they are staying away from this poison. Read cdc VAERS. The numbers are going up so quickly in just a few short months. Same in the UK. Funny MSM refuses to write anything about this well kept secret.

2
0
chris c
chris c
4 years ago
Reply to  marebobowl

Excellent point!

1
0

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