by Tyler Durden
Italy is experiencing a complete, total and chaotic
shakeup of their society.
As in its economic chaos in 2011, Italy is again
ripe for another EU appointed Technocrat Prime
Minister to put everything back together again.
Mortgage Payments, Businesses Dying As Panicked Residents Hoard Food
suspended payments on mortgages due to the coronavirus outbreak as
more than 9,000 people have been infected and over 460 have died,
the government announced on Tuesday.
When asked about
halting mortgage payments on Radio Anch'io, deputy economic minister
Laura Castelli said,
"Yes, that will
be the case, for individuals and households," according to The
residents crammed into supermarkets to stock up as the entire
country entered a lockdown on
Tuesday morning, while Italian streets were virtually
empty after the government ordered people to avoid travel
verifiable work situations and emergencies or health reasons,"
according to the Daily
Tourist favorites including Milan's
shopping galleries, Rome's Spanish Steps and Vatican's St Peter's
Square were all but deserted today after
the drastic coronavirus measures were extended to the entire country
Panic-buyers were packing into supermarkets this morning with
queues stretching outside because
of a rule that demands a 3ft gap between shoppers - meaning only
a limited number can go inside at once.
In Naples, police
were roaming the streets with a loudhailer last night to warn
people to 'stay indoors, avoid unnecessary outings and
avoid crowded places' because of the 'coronavirus emergency'.
Prime minister Giuseppe Conte
declared last night that 'everyone must give up something to
protect the health of citizens.'
The Galleria Vittorio Emanuele II in Milan
one of the city's famous shopping galleries
nearly deserted today with Italy beginning
unprecedented nationwide lockdown
tackle the coronavirus outbreak
(via the Daily Mail)
Businesses are obviously suffering from
the impact of the lockdown, as the empty streets of Rome have turned
restaurants are only allowed to be open between 6am and 6pm, and
must keep customers a minimum distance of 1 meter (3.2 feet) apart,
according to SBS.
and cultural venues are closed, along with nightclubs,
cinemas, theaters and casinos.
must close on public holidays and the day before public holidays.
The flow-on effect
has been immediate.
Sasson's family has owned a clothing shop in Rome since 1970 but he
says conditions have never been so dire.
is right now much worse than 11th of September and Chernobyl put
together. This is the worst we have seen, right now."
last two weeks have been tragic, in the historic centre
here, not even a single tourist.
been here for 15 years and it's never happened," said
restaurant owner Francesco Massotte, whose high-end eatery
typically books people months in advance.
Outside Trevi Fountain,
tourists saw signs warning of interactions with others.
"I was eating lunch
today and in the restaurant, there was a sign saying 'stay away
from people, sit a meter away from other people'," one man told
At least they won't have
to pay their mortgages for a while.
Is This What's Behind Italy's Outrageous 10%
Mortality Rate From COVID-19?
median age is 80.5 years (79.5 for men, 83.7 for
of the deceased was over 90 years old; 90% of the
deceased was over 70 years old.
Only 0.8% of the deceased had no pre-existing
Approximately 75% of the deceased had two or more
pre-existing conditions, 50% had three more
pre-existing conditions, in particular heart
disease, diabetes and cancer.
Five of the deceased were between 31 and 39 years
old, all of them with serious pre-existing health
conditions (e.g. cancer or heart disease).
National Health Institute hasn't yet determined what
the patients examined ultimately died of and refers
to them in general terms as Covid19-positive deaths.
what these statistics mean, especially the third and final
point together, followed to their logical conclusion.
of Italian Covid19-related deaths were already sick with
something else, and the ISS
hasn't actually determined
they died of Covid19 at all...
when paired with the reports that the test kits can
produce false positives...
Italy's 10% mortality rate has
been one of the most disturbing mysteries of the global
pandemic. Italy's mortality rate is roughly 20x Germany's (a
relatively benign 0.4%), and many multiples of China's (roughly
puzzle over the reason, researchers have proposed a theory
that's being vetted by peers:
Italy's mild flu season
left a larger victim pool for COVID-19.
suggest that the US, which has struggled with more lethal flu
seasons, won't have as large a pool of potential high-risk
victims, especially as testing suggests the virus is more
widespread than many had expected.
Because of the mild temperatures,
mortality among people age 65 and over
6% below a baseline from previous years,
which "led to an increase in
pool of the most vulnerable"...
A report by the
Italian Ministry of Health found that
elderly people and those with chronic diseases who were spared
death by the flu from November through January are "outsize"
targets for the more lethal novel coronavirus in March.
But thanks to
the fact that there were fewer
flu deaths , this "led to an increase in the pool of the most
vulnerable," according to the report, which analyzed
data from 19 Italian cities through March 21.
In other words,
when taken alongside flu season deaths, the bump in deaths would
be much beyond what would normally be expected for a developed
country struggling with a COVID-19 outbreak.
been spreading in some parts of Italy since early February.
In the northern
cities that have borne the brunt of Italy's more than 12,000
deaths, flu mortality among
people age 65 and over was 6% below a baseline from previous
In the cities
of central and southern Italy,
flu deaths were 3% off the baseline.
account for enough deaths? It's possible that it could account
for at least some of the discrepancy.
A chart shows
how deaths among the 65-plus population during the coronavirus
outbreak through March 21 has already reached the levels of the
previous two flu seasons, and
were still below the total flu season deaths from three seasons
ago (the 2016-2017 season).
were credited with the drop in flu
the history of Italy's flu outbreaks could hold the key to
explaining its outlandish mortality rate from COVID-19.
has reported more than 105,000 confirmed cases, along with