For those unfamiliar, Michael Hintze is a London-based billionaire hedge fund manager and philanthropist. Michael Hintze’s CQS Management fund manages $US19.4 billion ($30 billion). Michael Hintze has also personally been a large donor to conservative governments.
“Michael Hintze urged the lifting of lockdowns back in April in an interview with The Australian Financial Review”
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The head of CQS Management was by no means underplaying the threat of the virus, as Michael Hintze urged the lifting of lockdowns, he also suggested the reopening of the economy with an antivirus strategy
For example, Michael Hintze suggested the rolling out of more robust testing and clinical pathways to isolate and treat those infected by a coronavirus.
Perhaps Michael Hintze urged the lifting of lockdowns back in April inspired the UK’s Conservative BoJ government to implement “Operation Moonshot,” which was the UK government’s ambitious plan to deploy exciting new technologies to test the entire population for coronavirus infections.
But operation moonshot failed to hit the treetops with the rapid Covid test missing 50% of cases in the pilot. And if you are wondering how long the Uk’s Brexit do or die Prime Minister Boris Johnson has left on the global stage with Trump, the nationalist anchor recently tossed overboard by his voters, or those anonymous vote counters, in the recent presidential election, you are not alone.
“Perhaps Michael Hintze urged the lifting of lockdowns back in April inspired the UK’s Conservative BoJ government to implement ‘Operation Moonshot’,”
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So, we don’t envisage the EU Brexit negotiators cutting UK PM Boris Johnson any slack in the Brexit negotiations, as they are probably calculating that his premiership is on the rocks with his mismanagement of the virus, unpopular lockdowns, and the Brexit fiasco.
Boris Johnson could be the next pro bilateral trade nationalist to be pushed off the stage. The globalists have won, we are moving to more centralization, national sovereignty has collapsed. Democracy, the will of the people, is being replaced with technocracy, a decision made by bureaucrats. Europe has some of the toughest gun laws in the world, and they got even tougher a few years ago, so Europeans cannot resist, unlike the US with its second amendment, the right of the people to keep and bear Arms. The only thing Europeans can do to express their frustration is bang pots and pans.
But that is not the case in Michigan, US with armed protestors, militias, entering Michigan’s state capitol to demand an end to coronavirus lockdown in May. With 120.5 firearms for every 100 residents, a group of Americans armed and free have shown in Michigan that they are willing to resist.
“We need to open up in a way that allows society to continue to function while protecting the fragile and susceptible in our society” – Michael Hintze
But back to the theme Michael Hintze urged the lifting of lockdowns the hedge fund investors said that “We need to open up in a way that allows society to continue to function while protecting the fragile and susceptible in our society“ said Michael Hintze.
In other words, the vulnerable with the greatest probability of becoming gravely ill from the virus and likely to die should shelter and take necessary precautions and everyone else should be given the right to continue with their life as normal, thereby allowing their healthy immune systems to develop natural antibodies. Sweden’s herd immunity model gains momentum in Europe.
The herd immunity theory says that if at least 60 percent of a population contract the virus, the whole population develops immunity to it, slowing down its transmission.
Michael Hintze urged the lifting of lockdowns was a plea made six months ago on deaf ears
After a Winter-Spring of lockdowns, social distancing, face masks parts of Europe are back in lockdown for a second time, due to the so-called second wave of the virus.
“It is regrettable, but also understandably, a balancing act for leaders seeking to weigh the choice between public safety and the economy, and the public’s desire to understand and accept that choice” – Michael Hintze
“Without opening up the economy and society, and providing clinical pathways, there will not be resilience to cope…Lockdown, which has resulted in a halt to economic activity, is not sustainable – it is damaging to society, to people’s aspiration, and the economy” said Michael Hintze in April, his comment is still relevant today.
Michael Hintze urged the lifting of lockdowns warning that it is not sustainable back in April
As we write this piece, in the middle of November most of Europe is yet again under draconian regional lockdowns and curfews. Public temper is beginning to fray as lockdown protests across Europe gain momentum.
The risk of this continuing is that the continent could experience a full-blown legitimization crisis, which is a loss of confidence in administrative institutions, even though they still retain legal authority by which to govern. Mild-mannered law-abiding citizens, people in education, healthcare, and other essential public services are being arrested criminalized for doing the basics of things.
These lockdowns are neither economically sustainable nor are they compatible with liberal democracies
Moreover, lockdowns have no scientific justification, according to The Great Barrington Declaration signed by Medical and Public Health Scientists and Medical Practitioners, which is calling for an end to these draconian lockdowns which they believe does more harm than good.
“In today’s world where there is less coherence and much discussion takes place in segregated, shrill echo chambers, the political context for the formulation of public policy for the common good is made all the more difficult” said Michael Hintze.
“It is regrettable, but also understandably, a balancing act for leaders seeking to weigh the choice between public safety and the economy, and the public’s desire to understand and accept that choice” added Michael Hintze.
Michael Hintze’s CQS Management fund is a significant investor in credit markets globally.
Michael Hintze urged the lifting of lockdowns, he argued that public policy needs to be balanced and measured, taking into consideration a wide range of factors
“The critical issue is the balance between science and public policy; between public health, the economy and politics” said Michael Hintze.
They say the passage of time will heal all wounds, with time, herd immunity eventually will be reached, there is also talk of vaccines before Christmas.
So, this wretched pandemic very soon will be nothing more than a distant memory, as the flicker of light in the pandemic tunnel becomes brighter.