Jack Posobiec shows how China's zero-Covid policies impact the global economy

Human Events Daily host Jack Posobiec broke down how China's zero-COVID policies was inducing panic buying in its capital, and went into detail on why the Chinese Communist Party (CCP) has been so overreaching and authoritarian in its fight against the virus.

Posobiec also went after Bloomberg, for their semi-admission that lockdowns hurt people. This admission, however, has not been made for Americans, but only for the Chinese.

"I love this out of Bloomberg now. Suddenly, they're admitting that lockdowns maybe, just maybe, have an effect on the economy," he said.

"Who could have ever figured this out? Who could ever have thought that lockdowns... in the context of China, they'd never mention that when it comes to Dr. Fauci or the CDC or the blue states here in America... All you small business owners, all you families, all you school children, who cares about you being kicked out of school and having your business shut down and what the effect on the economy is going to be. But at least, finally, Bloomberg is kind of, maybe seeing the light," he continued.

Reading from Bloomberg, Posobiec read that China's campaign to wipe out COVID-19 is crushing its economy.

On Tuesday, Societe Generale analysts suggested that the Chinese economy has been pushed to "near breaking point" as a result of the lockdowns, which have brought entire cities to a halt.

This, in turn, has lead to supply chain issues, panic buying, and a general sense of uncertainty for those in China and around the world.

As CNN reports, investment banks have reduced their expectations for China's economic growth, with the International Monetary Fund putting it at 4.4 percent, down from 4.8 percent, and far below the Chinese government's forecasted 5.5 percent.

The yuan has dropped to its lowest level since 2020, and the Chinese stock market is not faring much better, with tech stocks being among the hardest hit.

Despite this, China has remained steadfast in its quest to achieve zero-COVID as more cities roll out massive testing and lockdown policies.

"Virus outbreaks are forcing Xi Jinping to put his revamp of China's economy on hold as he faces mounting pressure to reverse last year's zero-COVID policies," Posobiec continued.

"You've got 25 million people in an open-air prison in Shanghai. They're conducting panic buying in Beijing because they think they know what happened in Shanghai, and they're stocking up, because they think the CCP is going to lock them in their own homes, in the capital city of China. That's the CCP. That's Xi Jinping; that's the lockdown policies.

"As I laid this out in... season one, episode one of War Room Pandemic. How did I close out the show? I talked about the Mandate of Heaven."

The reason for China's shifty behavior of not disclosing information regarding plagues, like it did with SARS and COVID-19, as well as natural disasters (the 2009 earthquake) can be traced back to a traditional belief called the Mandate of Heaven, Posobiec argues.

According to the mandate, great disasters like famine, floods, plagues, and earthquakes were a sign from the heavens that the gods were displeased with the current ruler—reluctance to admit this to the public would often lead to civil unrest, as the masses believed the heavens were warning the people of the ruler's illegitimacy.

"In ancient China, when the dynasty had been corrupted and degenerated and was falling, it was said that they would lose the mandate of heaven, and that a new dynasty must arise. One of those signs, famine, petulance, invasion, and disease," Posobiec explained.

"When disease would sweep throughout the land, that is a sign of losing the mandate of heaven. But the CCP isn't a dynasty, because the CCP has always been a lie.

"It wasn't the CCP that brought the Chinese people out of poverty, it wasn't the CCP that fueled the growth of China. Who was it? It was you, ladies and gentlemen. It was the American people through our elites, through the financial direct investment, our wealth, the outsourcing, the manufacturing, all the jobs that were sent to China.

"Why does Detroit look like it does? Why does Chicago look like it does? Why do our subways and trains and infrastructure seem like they're falling apart while the cities of China... Wuhan, Shangai, and all of these cities look like a glittering metropolis. It's simple: you paid for that. Your family paid for that. Your prospects paid for that.

"Understand, this was the largest wealth transfer to a criminal transnational organization in human history," Posobiec concluded.