Regular Fare:
Everything Rally
Reignites After Bonds Brush Off ‘Awesome’ Data
The S&P 500 gained alongside 30-year Treasury bonds for a fourth
straight week, the longest in-tandem rally since August 2008
Dimon’s Detached
View Of Economic Realities
Proper spending on infrastructure could indeed be economically
beneficial. However, even a cursory glance at previous expenditures, shows such
is not the case. Out of the entirety of Biden’s proposed infrastructure plan,
only roughly 6% goes to building roads and bridges. Another 2% goes to
waterways and dams. The other 92% is a Democratic grab bag of liberal projects,
most of which have a negative long-term investment return. As such, the
infrastructure bill is a negative long-term impact on economic growth.
The roaring
twenties repeated?
… As one mainstream economics think-tank put it: “Together these
improvements in the outlook have led the fund to predict that, as a whole,
advanced economies are on course to lose less than 1 per cent of output by 2024
compared with its pre-pandemic forecasts — an outcome that seemed barely
plausible last October. The US is top of the pack and now has forecasts showing
it on a stronger path than before the pandemic, but other advanced economies
are not far behind in the medium term.”
Of course, all this assumes that the COVID plague will be over by year
end as vaccinations rise and infections fall, as populations reach ‘herd
immunity’. That is optimistic, to say
the least, given the plethora of COVID variants of various degrees of infection
still spreading. Also, I have argued in
many previous posts that this scenario flies in the face of what has happened
to the major economies; namely the scarring of employment, investment and the
growing number of bankrupt or ‘zombie-like’ businesses in the major capitalist
economies.
But let us consider the longer term.
Assume that the COVID pandemic subsides or is brought under control
sufficiently by year end to allow all the major economies to return, more or
less, to full activity, at least as much as they were in 2019. Does this set the scene for a decade of fast
growth in output and incomes for all? …..
….
The point is that, once the current pandemic lockdowns end, what is
needed to revive output, investment and employment is something like a war
economy; not bailing out big business with grants and loans so that they can
return to ‘business as usual’. This
slump can only be reversed with war time-like measures, namely massive
government investment, public ownership of strategic sectors and state
direction of the productive sectors of the economy.
But isn’t that what the Biden programmes aim to do and Roosevelt did with
the New Deal in the 1930s? Well, the
historical evidence is that the New Deal did not restore a long boom for US
capitalism. It took WW2 to do that.
Keynes himself said that the war economy demonstrated that “It is, it seems,
politically impossible for a capitalistic democracy to organize expenditure on
the scale necessary to make the grand experiments which would prove my case —
except in war conditions.”
Are Americans
Really Going To Spend $2 Trillion In "Excess Savings"
The PBoC is keen to rein in speculation, especially in the property
sector. Now that the recovery is largely complete, there are concerns that a
renewed de-leveraging push could lead to tighter and tighter policy.
A directive to banks instructing lenders to maintain credit extension at
or around last year’s levels may mean loan growth slows to a 15-year low in
2021. That could be a problem not just because it might choke off the domestic
recovery, but also because the global macro cycle is tethered to China’s credit
impulse. At the same time, there are concerns that surging factory-gate prices
could contribute to a sudden upsurge in inflation in the developed world. Meanwhile,
rising defaults are also cause for concern.
China's Economy
Grows By A Record 18.3% In Q1; It's Not Enough
Bubble Fare:
76% Rise In
Stocks Since The March Low Is The 3rd Largest Jump In 100 Years... What Happens
Next
Jesse Felder: Insiders Are Sending A Pretty Clear Signal About The Stock Market (And The Economy)
As Nejat Seyhun, Professor of Finance at the University of Michigan, has
demonstrated in his book, Investment Intelligence From Insider Trading, the
aggregate selling-to-buying ratio over certain periods of time has a very good
track record at predicting future returns in the stock market. In his words,
“Aggregate insider trading predicts aggregate stock returns.” Furthermore,
“Aggregate insider trading predicts changes in future economic growth up to two
years ahead.” So not only are insiders better market strategists than those on
Wall Street, they are also better economists.
…. when we look at the recent data (provided by InsideArbitrage.com),
it’s immediately apparent that the top executives (along with directors and 10%
shareholders) have rarely been as aggressive in selling, or disinterested in
buying, as they are today.
New Realtors
Pile Into Hot Housing Market. Most Find It Tough Going.
In January, there were more real-estate agents than homes for sale in the
U.S.
MMT Fare:
IMF and debt: a
new consensus?
There is much talk among ‘progressive’ economists that the IMF and the
World Bank have turned over a new leaf.
Gone are the days of supporting fiscal austerity, demanding that
national governments get public debt levels down and insisting on conditions for
countries borrowing IMF-WB funds that their governments privatise their state
assets, deregulate markets and reduce labour rights.
Now after the experience of the unprecedented COVID pandemic slump, the
old ‘Washington Consensus’ is over and has been replaced by a new
‘consensus’. Whereas the “Washington
Consensus” for international economic policies of the 1990s saw government
failures as the reason for poor growth performance and advised governments ‘to
get out of the way’ of market forces, now the IMF, the World Bank and the World
Trade Organisation’s chiefs call for more fiscal spending, more funds for
lending, and measures to reduce inequality between nations and within nations
through higher taxes on the rich.
…
But has the IMF-WB policy consensus really changed? Has the commitment to free market forces and
fiscal stability in return to conditional loans to desperate countries really
been dropped? The new consensus, if it
really exists, is one of necessity, not change in ideology.
…
While the IMF and its advanced economy masters are allowing ‘debt relief’
and offering more funds, the cancelling of onerous debts already incurred by
‘global south’ economies engulfed in the pandemic slump is not being offered.
So if there is a new ‘consensus’ on international lending and economic support
by multi-national agencies it sits on the surface of talking; when the walking
begins, nothing has really changed.
Kelton: Let’s play the “pay for”
game. Suppose you want to spend $3-$10 trillion on a Build Back Better agenda. You’ve decided that you’re going to play the “pay for” game, which means
you will show where every dollar you plan to spend is going to “come from.” 1/
The whole point is to appear “fiscally responsible,” showing that you can carry
out your spending without adding to the deficit. In other words, for every
dollar you want to spend INTO the economy, you have a plan to rip a dollar OUT
of someone’s hands. 2/ The Biden administration has put forward
their plan, which mostly relies on raising taxes on corporations. The president
says it will raise more revenue (over 15 yrs) than he is proposing to spend
(over 8 yrs). Don’t ask me why.3/ Along with some other changes, the Biden plan
would take the corporate income tax rate from 21% to 28%. Already, a number of
Dems are balking at 28% and chattering about going to 25% instead. And, of
course, CEOs are fighting back. 4/ If Dems don’t have the votes to go to 28%,
then what? Scale down the package? Fight over other ways to raise taxes? The
opposition loves it, because they know that the odds of passing anything bold
drop precipitously when Dems hold themselves hostage to the “pay for” game. 5/
Is there a way out? Setting aside the MMT solution, which is to stop
playing the conventional “pay for” game altogether, why not simply take the
IRS Commissioner at his word? Why not make the case that you can spend up to
$10 trillion without raising a single tax? 6/ If all you need is stepped up
enforcement of EXISTING TAX LAWS, then you can play the “pay for” game even if
you can’t get the votes for a slew of tax increases. Maybe I’m wrong and the votes
are there. Give it a shot! 7/ Both strategies get you the revenue you think you
need, and both reduce inequality. So I guess I’m curious to know whether the
administration is digging its heels in on the need to RAISE TAXES or whether
they would accept HIGHER REVENUE to play the game. 8/ As I’ve been saying for
months, there’s yet another way to play the “pay for” game. Just make the case
that the money you spend ‘today’ will come back to you ‘tomorrow.’ Fiscal
multiplier and all that. 9/ Alternatively, we could all grow up and stop this nonsense. Admit that taxes don’t “pay for”
anything and that all government spending is paid for in one way and one way
only—the Federal Reserve credits the appropriate bank accounts.
(not just) for the ESG crowd:
A challenge to Canada’s carbon tax has failed, clearing the way for
Justin Trudeau to press ahead with the policy. But carbon pricing is the
brainchild of the fossil fuel industry — a green fig leaf put forward as an
alternative to the ecological transformation we need.
Just 3% of
world’s ecosystems remain intact, study suggests.
Will Future
Electric Vehicles Be Powered by Deep-Sea Metals?
Mining companies and marine scientists want to know whether harvesting
blobs of useful materials from the seafloor harms ocean life.
COVID Fare:
The Blood-Clot
Problem Is Multiplying
Next-generation
Covid-19 vaccines are supposed to be better. Some experts worry they could be
worse
Vaccine hesitancy in Canada: How much is there, who
are the hesitant, and why are they hesitant
Tweet (/Thread) of the Week:
Michael Pettis: The Role of
Reserve Currencies
Albert Edwards: In 2003 they called me
mad! Andrew Lapthorne reminded my of our Kleinworts’ June 2003 presentation of
what we thought policy makers would be forced to do when they ran out of
interest rate road. Gradually, 18 years later, all of our lunatic ideas have
been ticked off the list.
(Lapthorne’s response: “I think they called you mad long before 2003”)
Fun Fare:
Marriner S. Eccles Papers: [Untitled Poem],
Box 40, Folder 5, Item 7
Guelph Fare:
Taste for Life
2021 - Golden Tickets
When you buy a golden ticket:
• You donate money to ARCH
• Receive a gift card for a partnering restaurant
• Get entered for a Taste for Life Draw!
Photos of the Week:
EXTRA [controversial
or non-market-related] FARE:
Regular Fare:
Steve Keen, dismantling neoclassical
economics one brick at a time: Separating fact
from fiction in the theory of the supply curve
the assumption of rising marginal cost is instead an instance of what
philosopher Alan Musgrave described as “domain assumptions” (Musgrave 1981).
These are assumptions which, If they are true, mean that the theory applies,
but if they are false, then it doesn’t. The assumption that marginal cost rises
is not a mere simplifying assumption, but an assumption that is of critical
importance to Neoclassical economic theory. If the assumption is false—which it
manifestly is—then so is Neoclassical economics.
The critical importance of unrealistic assumptions
The Neoclassical profit maximization rule is to equate marginal revenue
to marginal cost, assuming that the firm is producing past the point where
average and marginal costs are rising.
….
If marginal cost is falling however, then marginal cost is less than
average cost. For the firm in a “perfectly competitive” industry, following the
Neoclassical “profit-maximising” rule of equating marginal revenue to marginal
cost results in a price that is therefore below average cost. At that price,
the firm’s profit-maximising output level is zero. Therefore, there is no
“supply curve” unless marginal cost is rising.
This is why Blinder’s empirical finding—that, for roughly 90% of firms,
marginal cost is constant or falling right out to capacity output—was, as he
put it, “overwhelmingly bad news … for economic theory”. This empirical fact
means that the whole edifice of the Neoclassical theory of supply has to go.
But that wasn’t what Blinder was looking for, let alone expecting, when he
decided to ask firms about prices.
...
This is why Blinder’s empirical finding—that, for roughly 90% of firms,
marginal cost is constant or falling right out to capacity output—was, as he
put it, “overwhelmingly bad news … for economic theory”. This empirical fact
means that the whole edifice of the Neoclassical theory of supply has to go.
But that wasn’t what Blinder was looking for, let alone expecting
Tuomas Malinen: 2021: The year of the
Black Swans?
A “Black Swan” is best defined as an unforecastable, low-probability,
high-impact event. They may include more prosaic natural disasters, like
earthquakes, but are more generally understood to be unforeseeable economic,
financial and political calamities. While Black Swan events are, by this
definition, unforecastable, the trends building up to them can often be
observed, and that process has been our aim
ESG Fare:
Ugo Bardi: The Sixth Law of
Stupidity: Why Humankind may be the Stupidest Species in the Whole Ecosystem
According to our interpretation, stupidity occurs when the dissipation of
an energy potential goes too fast: the result is what we call
"overexploitation" in which people exploit a resource to the point of
destroying it, and damage themselves in the process. Fortunately, we also found
that these systems can adapt in the long run. In an evolutionary system,
stupidity punishes itself, but it takes time. Unfortunately, we are still in the midst of what could be the
greatest stupidity wave that the ecosystem ever saw in its nearly four billion
years of existence.
Airborne plastic
pollution ‘spiralling around the globe’, study finds
Rising levels of microplastic pollution raise questions about the impact
on human health, experts say
COVID Fare:
Prolonged Brain
Dysfunction in COVID-19 Survivors: A Pandemic in its Own Right?
We are running this post
because Covid brain impairment is an important topic in its own right, and also
to counter the dangerous patter we keep encountering in comments about how
Covid is overblown because not all that man people die of it. This is “Oh, it’s
no worse than the seasonal flu” 2.0, when no seasonal flu has reduced life
expectancy or pushed hospitals across the US to their breaking point. But the
issue that this article highlights is that the danger of Covid goes far beyond
the risk of death. For instance:….
… One in three survivors of
COVID-19, those more commonly referred to as COVID-19 long-haulers, suffered
from neurologic or psychiatric disability six months after infection…. COVID-19
is now known to be a disease that affects all organ systems, including the
brain, lungs, heart, kidneys and intestines.
Christian Elliot: 18 Reasons I
Won't Be Getting a Covid Vaccine.
I'm not here to pick a fight
with anyone, just to walk you through some of what I've read, my lingering
questions, and explain why I can't make sense of these covid vaccines. …. I
don't know everything, but so far no one has been able to answer the objections
below. So here are the reasons I'm opting out of the covid vaccine. [mostly just
the headline points listed here; go to his site for his discussion of each
point]
#1: VACCINE MAKERS ARE
IMMUNE FROM LIABILITY
#2: THE CHECKERED PAST OF
THE VACCINE COMPANIES
The four major companies who are making these covid vaccines are/have either:
- Never brought a vaccine to market before covid (Moderna and Johnson & Johnson).
- Are serial felons (Pfizer, and Astra Zeneca).
- Are both (Johnson & Johnson).
Moderna had been trying to "Modernize our RNA" (thus the company name)--for years, but had never successfully brought ANY product to market--how nice for them to get a major cash infusion from the government to keep trying.
In fact, all major vaccine makers (save Moderna) have paid out tens of billions of dollars in damages for other products they brought to market when they knew those products would cause injuries and death--see Vioxx, Bextra, Celebrex, Thalidomide, and opioids as a few examples.
#3: THE UGLY HISTORY OF
ATTEMPTS TO MAKE CORONAVIRUS VACCINES
The typical pattern in the studies mentioned above is that the children
and the animals produced beautiful antibody responses after being vaccinated. The
manufacturers thought they hit the jackpot. The problem came when the children
and animals were exposed to the wild version of the virus.
#4: THE "DATA
GAPS" SUBMITTED TO THE FDA BY THE VACCINE MAKERS
#5: NO ACCESS TO THE RAW
DATA FROM THE TRIALS
#6: NO LONG-TERM SAFETY
TESTING
#7: NO INFORMED CONSENT
#8: UNDER-REPORTING OF
ADVERSE REACTIONS AND DEATH
While the problems with VAERS have not been fixed (as you can read about
in this letter to the CDC), at the time of this writing VAERS reports over
2,200 deaths from the current covid vaccines, as well as close to 60,000
adverse reactions.
#9: THE VACCINES DO NOT STOP
TRANSMISSION OR INFECTION
Why do you think we're getting all these conflicting messages about
needing to practice social distancing and wear masks AFTER we get a vaccine? The
reason is because these vaccines were never designed to stop transmission OR
infection. If you don't believe me, I refer you again to the papers submitted
to the FDA I linked to above.
#10: PEOPLE ARE CATCHING
COVID AFTER BEING FULLY VACCINATED
#11: THE OVERALL DEATH RATE
FROM COVID
According to the CDC's own numbers, covid has a 99.74% survival rate.
#12: THE BLOATED COVID DEATH
NUMBERS
#13: FAUCI AND SIX OTHERS AT
NIAID OWN PATENTS IN THE MODERNA VACCINE
Does anyone else see this as a MAJOR conflict of interest, or criminal
even?
#14: FAUCI IS ON THE HOT
SEAT FOR ILLEGAL GAIN-OF-FUNCTION RESEARCH
What is "Gain-of-Function" research?
It's where scientists attempt to make viruses gain functions--i.e. make
them more transmissible and deadlier.
Sounds at least a touch unethical, right?
How could that possibly be helpful?
Our government agreed, and banned the practice.
So what did the Fauci-led NIAID do?
They pivoted and outsourced the gain-of-function research (in
coronaviruses no less) to China--to the tune of a $600K grant.
You can see more details, including the important timeline of these
events in this fantastically well-researched documentary.
#15: THE VIRUS CONTINUES TO
MUTATE
#16: CENSORSHIP...AND THE
COMPLETE ABSENCE OF SCIENTIFIC DEBATE
What has happened to the scientific method of always challenging our
assumptions?
What happened to lively debate in this country, or at least in Western
society?
Why did anyone who disagrees with the WHO, or the CDC get censored so
heavily?
Is the science of public health a religion now, or is science supposed to
be about debate?
If someone says "the science is settled" that's how I know I'm
dealing with someone who is closed minded.
By definition science (especially biological science) is never settled.
If it was, it would be dogma, not science.
OK, before I get too worked up, let me say this...
I WANT TO BE A GOOD CITIZEN
I really do.
If lockdowns work, I want to do my part and stay home.
If masks work, I want to wear them.
If social distancing is effective, I want to comply.
But, if there is evidence they don't (masks for example), I want to hear
that evidence too.
If highly-credentialed scientists have different opinions, I want to know
what they think.
I want a chance to hear their arguments and make up my own mind.
I don't think I'm the smartest person in the world, but I think I can
think.
Maybe I'm weird, but if someone is censored, then I REALLY want to hear
what they think. Don't you?
#17: THE WORLD'S LEADING
VACCINOLOGIST IS SOUNDING THE ALARM...
Here is what may be the biggest reason this covid vaccine doesn't make
sense to me.
When someone who is very pro-vaccine, who has spent his entire
professional career overseeing the development of vaccines, is shouting from
the mountaintops that we have a major problem, I think the man should be heard.
In case you missed it, and in case you care to watch it, here is Geert Vanden Bossche,
explaining: ….. If you want to
see/read about a second, and longer, interview with Vanden Bossche, where he
was asked some tough questions, you can check this out.
(And, finally, one that does
not apply to me:)
#18: I ALREADY HAD COVID
…
·
We all want to live in a
world of freedom.
·
We all want to do our part
to help others and to live well.
·
We all want the right to
express our opinions without fearing we'll be censored or viciously attacked.
·
We all deserve to have the
access to the facts so we can make informed decisions.
Denninger: And Now Proof: Covid Vaccines are MORE DANGEROUS Than
Covid
Wait a second.... you said
the vaccines are more dangerous yet the data says that Covid-19 is ten times as
dangerous as the vaccine for the same condition. So how can the title of this article be
correct?
Simple: For every reported
infection somewhere around ten are not reported. Either they're completely asymptomatic (about
30%) or mild enough that the person in question does not identify it as
potentially Covid-19 and thus does not get tested.
Yet both of the latter
confer immunity just as does a symptomatic case.
Further, you're not
guaranteed to get the disease. You are guaranteed
to take the risk if you get the shot.
Therefore we must adjust for the risk of contracting the disease which
is not certain; you may have already had it and not know it and, in addition,
you may have cross-reactive immunity.
Therefore the shot is close
to or even more-dangerous than the disease. The baseline for approval of
any therapy is that it must be much less dangerous than the disease itself.
When it comes to vaccines the usual expectation is that it should 100x or more
safer to get the shot than the disease, simply on the basis that you are not
guaranteed to get the disease irrespective of how bad it is. If the disease is
particularly lethal either generally or to you then a risk that is material for
the vaccine is acceptable. What’s even worse is that this risk is basically
identically in both mRNA and viral-vector (e.g. J&J) formulations; they
both cause the same result in the same percentage of recipients, yet the FDA is
still allowing the mRNA vaccines to be administered!
Covid-19, in non-morbid
(young, but not exclusively so) people, only kills about 1/50,000 times — so if
the shot gets you 1/250,000 times it’s a bad risk since a huge percentage of
infections are not medically known as they are clinically significant and you
are not guaranteed to be infected at all since you may have already had it and
not known it or be resistant due to a previous infection with some other
coronavirus and thus not at risk of developing clinical disease. These shots
are not approvable on the math for other than materially-morbid individuals. In
healthy adults and especially healthy children they should be prohibited
outright as they are, on the math, more dangerous than the virus.
Ishi Nobu: Covid Vaccines
Severe side effects plague many V2 vaccines. The AstraZeneca and Johnson & Johnson jabs can cause blood clots, especially in women. The doses of V2 vaccines are too high: set to maximize antibody response.
In deciding whether to get vaccinated, side effects are a tradeoff risk to consider, especially with V2, which many people are infected with and never know it, and is a mild cold at worst for generally healthy people.
Vaccine makers rig their efficacy results. Moderna is exemplary.
...
mRNA vaccines, like those from BioNTech/Pfizer and Moderna, are likely to become ineffectual against new V2 variants sooner because they only present the immune system with the V2 spike protein, not the whole virus, as traditional vaccines do. What is called “vaccine escape” may be easier against mRNA spike-only vaccines because the immune system was not given the opportunity to do its own recognition analysis. Instead, mRNA vaccine developers substituted their guesswork as to what the immune system should think significant.
While studying dengue fever, American virologist Soctt Halstead noticed in 1977 that antibodies themselves made for greater sickness upon a 2nd exposure to the disease. The effect was called antibody-dependent enhancement (ADE). ADE “is a genuine concern,” says British virologist Kevin Gilligan. “Because if the gun is jumped, and a vaccine is widely distributed that is disease enhancing, that would be worse than actually not doing any vaccination at all.” Unexpected glitches like ADE are the kind of problems vaccine developers look for in phase 3 testing of vaccines: the final testing phase that has been skipped or abbreviated in the rush for a covid-19 vaccine.
A Guide to Home
Based Covid Treatment.pdf
A COVID-19 prophylaxis? Lower incidence associated
with prophylactic administration of ivermectin
The Lancet. “Although ivermectin seems promising, it
should not be used massively and for long periods without medical prescription
until results of well-designed clinical trials are completed, and in the case
of positive results, it must be administered in the recommended posology.”
[Nice double standard –
completion of well-designed clinical trials necessary for cheap prophylaxis,
but not for brand new mRNA technology]
Just as everyone starts
banning AstraZeneca, turns out mRNA “vaccines” are just as bad. And just as
poorly tested.
Blood clots as
prevalent with Pfizer and Moderna vaccine as with AstraZeneca's
Slowly But
Surely, The Truth Is Coming Out
Needless to say, Pfizer
stands to make giant mountains of money if COVID vaccines become a yearly
thing, and we need to keep that in mind.
…
To me, Dr. Eric Topol’s
statement was exceedingly irresponsible, especially considering some of the
studies that have come out lately.
…
We should be putting the
safety of the American people first, and nobody knows for sure what the
long-term effects of these experimental treatments will be. In this day and
age, we all need to do our own research and we all need to think for ourselves,
because the big pharmaceutical companies are more concerned with profits than
anything else.
Idiocy: Experimental Vaccines And Spike Proteins
The evidence is, by the way,
that the mRNA vaccines have a worse safety profile than the J&J shot does.
…
It ought to be obvious that
playing parlor tricks on your body's cells to produce the "spike
protein" -- not introducing it directly into your body which is
incidentally the actual definition of a vaccine, but tricking your cells to
produce it instead (and which has now been magically redefined to count as a
"vaccine") is inherently dangerous.
You'd think that a decade or more of both animal and human trials, with
very close follow-up on every single human so-exposed, with all of the data
written up and presented to the world in public would be required to know if
this sort of malarkey has unknown but severe danger associated with it. Among other risks doing this could result in
cells in very unpleasant places (e.g. your heart, spleen, etc.) taking up said
"instructions" and being damaged, leading to an immune response in a
very bad place that could injure or kill you, or it might lead your body to
target your own cells since by definition the cells that take up said
"programming" and produce the protein are diseased. If either of those things happen then the
very same thing that kills you when Covid goes badly might kill you as a result
of the vaccine either immediately or somewhere down the road when challenged
either by the original virus -- or some other as yet not-identified stimulus.
Can you know this approach
is safe in just a few months time?
Nope. You might think it is but
what happens if you're wrong? Unlike a
drug that is dosed daily and thus can be stopped if you begin to experience bad
side effects you can't un-do the effects of a shot.
…
At the same time we also
continue to ignore the mountain of evidence that early treatment works;
…
Oh, and while we're at it
**** Fauci; in my view he ought to be in prison. That SOB funneled $7 million into the Wuhan
lab to evade a ban
on gain-of-function research in the United States that Obama put into place in 2014. That's plenty of reason standing alone to
support the belief that bat bastard may be directly responsible for this
pandemic; that he
did both fund and greenlight "gain of function research" at the Wuhan
lab and that they were working with viruses that are genetic predecessors of
Covid-19 are all facts. Never mind Judicial Watch uncovering him
entering into confidential agreements with China in the early months; exactly
what they were concealing has still not been disclosed and China continues to
refuse to allow any outside party to have access to their raw data.
From 2016 to 2020, non-Covid
vaccines generated an average of 13 reported deaths per month, which, taking
account of the number of vaccinations, equates to 0.56 deaths per million
doses. In the first quarter of 2021, a total of 2,103 deaths have been reported
following Covid vaccines from 130 million doses, giving a rate 16.2 per million
doses, i.e., a thirty-fold increase on the background rate. This
extraordinarily high rate has been apparent from the first month of Covid
vaccine administration, and is not declining.
Big Pharma uses
Big Tobacco's strategy to defeat Ivermectin
Calls Mount for
Accountability From Fauci, FDA’s Woodcock
How Bill Gates
Impeded Global Access to Covid Vaccines
Through his hallowed
foundation, the world’s de facto public health czar has been a stalwart
defender of monopoly medicine.
Forced Masking
Is Behavioral Science, Not Medical, And They’ve Been Playing Us The Whole Time
COVID Quotes of the Week:
Tucker Carlson: “This, again, is not a trick question, we are
not playing word games here, what is the answer?” “If the coronavirus vaccine
prevents you from catching the coronavirus, why are you wearing a mask? Why
can’t you eat in a restaurant? And if it doesn’t prevent you from catching the
coronavirus, why are we taking it in the first place? Both can’t be true.”
Just gonna take my toddler to play on a construction
site, since those will literally never close.
In response to: CP24 just
reported on air that Ontario is going to announce restrictions on golf,
playgrounds, tennis, outdoor soccer, camping.
COVID Conspiracy Fare:
Where Did the
“Covid Pandemic” Come From and What Is Its Purpose?
First of all, Covid is a
real virus. The evidence is strong that
Covid is a product of illegal bioweapon research. Research on making viruses more transmissible
began at the University of North Carolina and was transferred to the laboratory
in Wuhan, China, where it was partly funded by Dr. Fauci at N.I.H.
The official explanation for the research is to gain knowledge in
advance of such a virus in order to be able to more effectively and quickly
develop a vaccine. This explanation
might or might not be true.
The Covid virus is real, but the “pandemic” was orchestrated in four
ways:
·
The Real Time Reverse
Transcription Polymerase Chain Reaction (rRT-PCR) test was used to dramatically
overstate infections. It is now a known and acknowledged fact that running the
test above 35 amplification threshold cycles produces a false positive rate of
infection as high as 97%. The World
Health Organization has now quietly admitted that the test should be run in
the range of 25-30 cycles, and not in the range of 35-40 cycles that is the basis of the posted infection
rates.
·
Effective, safe, and
inexpensive treatment of Covid infection by HCQ and Ivermectin were blocked by
public health authorities and subservient medical associations and
professionals.
·
Economic incentives were
created that provide financial incentives to hospitals to report non-Covid
deaths as Covid deaths. This is easy to
do with the high false positive rate of the PCR test. Notice that there was no
flu season this year and no reporting of any flu cases. The reason is that flu was counted as Covid
and flu deaths counted as Covid deaths.
·
The presstitutes served as
the propaganda ministry for the “Covid pandemic.” The presstitutes obligingly spread
disinformation and fear and censored all expert advice and opinion to the
contrary. Ignorant presstitutes branded
world-renowned experts as “conspiracy theorists” for challenging the official
orchestrated narrative.
What is the purpose of the
orchestrated “pandemic?”
·
One purpose is vaccination
profits for Big Pharma.
·
Another purpose is the
control over populations and demise of civil liberty that public authorities
achieved with lockdowns and mask mandates.
Public authorities are now using Covid mutations to extend and intensify
these control measures.
The pointlessness and
counterproductive consequences of lockdowns and masks are so apparent to many
respected experts that the question has arisen whether a more evil agenda is at
work. Mike Whitney reports the concerns of one of these experts, a former
scientist and vice president for Pfizer.
Read “Pure, Unalloyed Evil”.
Those born and socialized
into societies that have already transitioned into evil do not know any
different. I have been watching the
growth of evil for the last 30 years.
Part of the success of evil is the discrediting of truth, a development
that I have been observing and reporting on for many years. Facts and evidence have lost influence to
emotion-based agendas. The subservience
of facts to feelings permits evil to control the narrative.
The question before us is
whether Covid vaccines are part of a depopulation agenda. This is a serious and real question
Brandon Smith: Globalists Will
Need Another Crisis In America As Their Reset Agenda Fails
… Unfortunately for the
globalists, the Reset is not working out for them everywhere. In the US, the agenda
is failing miserably compared to Asia and parts of Europe.
As the head of the World
Economic Forum, Klaus Schwab, is so fond of reminding us, the Covid pandemic is
the “perfect opportunity” to push forward the globalist plans for a total Reset
of human economy and society. To the globalists, the crisis is a panacea, a
doorway to their version of a better world. They love the pandemic, they are
not distressed by it.
The problem is, it’s not
doing enough damage or terrifying enough people.
Consider the Event 201
coronavirus pandemic simulation – It was held by the World Economic Forum and
the Bill and Melinda Gates Foundation only two months before the real thing
“coincidentally” happened in early 2020. The pandemic war game was less about
saving lives and more about how the elites planned to keep the public under
control. The suppression of alternative media and censorship in social media
was discussed at great length. Dissenting voices need to be silenced if the
Reset is going to prevail.
One factor within the Event
201 simulation that never played out, though, was the WEF projections on
deaths. The war game suggested at least 65 million initial deaths due to the
pandemic. Early projections on the death rate suggested 2% to 3% of the
population or more. The same projections were repeated by the UN’s World Health
Organization when the real pandemic was first revealed to the public.
Instead, Covid-19 has been a
letdown for the globalists, with a tiny death rate of around 0.26% outside of
nursing homes. Meaning, 99.7% of the population has nothing to worry about from
covid. Millions of Americans are becoming savvy to the situation and are
refusing to comply with mandates over a virus that is a non-threat.
Instead of backing off of
the Reset scheme, the globalists are continuing to double down. Why? Because
they have no other choice. They let the cat out of the bag and bloviating
big-mouths like Klaus Schwab told the world exactly what the plan is. If they
retreat now, they might NEVER get another chance to implement a world
centralization plan; a massive grift which requires medical tyranny in order to
prevent rebellion.
You see, if the death rate
had been dramatically higher than 0.26% and covid represented a legitimate
threat, then maybe a larger portion of the US population would have been on
board with longer term restrictions and medical passports. Maybe not. The fact
remains that 40% of deaths have been in nursing homes among patients with
preexisting illnesses, the death rate outside of these facilities is minimal,
the mask mandates have been proven completely ineffective and the states that
have remained open and removed mask mandates have FALLING death and infection
rates when compared to states that are enforcing lockdowns.
The fear narrative is falling
apart.
Orwellian Fare:
Greenwald: Journalists,
Learning They Spread a CIA Fraud About Russia, Instantly Embrace a New One
The most significant
Trump-era alliance is between corporate outlets and security state agencies,
whose evidence-free claims they unquestioningly disseminate.
These people who call
themselves “journalists” do not view pronouncements from the U.S. security
state as something that prompts skepticism let alone requires evidence before
believing. The officials who run those agencies are their friends, partners and
colleagues — those they most revere — and their every utterance is treated as
Gospel. If — after watching them behave this way the last five years without
pause — you think that is an exaggeration, watch this short video compilation
produced by The Daily Caller to see for yourself how they instantly converted
this CIA "Russia bounty” leak into proven fact that nobody, least of all
them, should question
‘Hale’s Crime Is
Not Leaking Information, but Exposing Government Lies About the Drone Program’
I would not blame anyone for
not having heard of Daniel Hale. There’s been almost a complete media blackout
on this topic.
…
Being a whistleblower
indicted under the Espionage Act, it’s almost impossible, if not impossible, to
mount a defense.
CJ Hopkins: Freedom is
slavery. Ignorance is strength. And so on.
Now, I know what some of you
are thinking. You’re thinking, “What has the world come to when monstrously
powerful and totally unaccountable global corporations like Google LLC, and its
subsidiary, YouTube, feel the need to censor writers like CJ Hopkins, who
(let’s face it) most people have never even heard of?” You’re thinking, “What
kind of totalitarian dystopia — a totalitarian dystopia in which unimaginably
powerful global corporations, which have absolutely no allegiance to any
nation, or people, or principles, or to anything other than themselves and the
global-capitalist system they comprise — is coming into being right before our
eyes?”
Or something along those
lines. You may not be using those exact terms, but that’s what you’re thinking,
some of you, at least. And, the good news is, you’ve answered your own
question. Because the answer is totalitarianism. No, it’s not Mussolini’s or
Hitler’s totalitarianism, but it is totalitarianism nonetheless. (I have been
calling it “pathologized totalitarianism,” and I’ve been writing about it for
over a year now.)
That is the kind of dystopia
that is coming into being, and that will come into being, unless we stop it. It
is not going to stop by itself. It is going to continue to evolve toward its
ultimate expression….
Some things are just too
insane:
“Czech police said on Saturday they were looking for two men
with Russian passports that had also been used by the suspects in the 2018
poisoning attempt on Sergei Skripal in Britain..”
Mark Ames: “If I understand this right, apparently GRU
thought it’d be smart to use the same 2 spies to carry out 2 separate deadly
operations in NATOland—2014 bombing in Czech Rep, 2018 Skripal poisoning—using
exact same aliases & fake passports in both operations.”
Geo-Political Fare:
Oh, wait:
Joe Biden Isn’t
Ending the War in Afghanistan
Meditations On
US Forces Firing A Howitzer Into The Empty Desert “Just To Say We’re Here”
… U.S. forces firing a
155-millimetre howitzer twice a week into the surrounding desert, at no
specific target, “just to say we’re here.”
Tell me that’s not the
sexiest line you have ever read in your entire life. The poetical beauty! The
ennui! The oh-so-relatable existential ache! Oh God, I need a cigarette.
I mean it just hits on so
many different levels. Could you ask for a better snapshot of life within the
soulless US war machine than a small cast of Beckettian soldiers, waiting
around near a bombed-out oil facility for a Godot who never arrives, firing
heavy artillery rounds into the desert twice a week for no reason whatsoever?
You just want to hang it in an ornate wooden frame with the caption “YOUR TAX
DOLLARS AT WORK, LADIES AND GENTS” and then shove it so far up Tom Cotton’s
personal anatomy that it takes an entire emergency room team to extract it.
And isn’t it such a
wonderfully concrete, in-your-face iteration of the meaningless struggle so
many of us are going through in this decaying fustercluck of end-stage
metastatic global capitalism? Firing a 155-millimetre howitzer twice a week
into the surrounding desert at no specific target “just to say we’re here” is
simply the military’s version of working at a desk forty hours a week doing
essentially nothing other than making the boss and the shareholders a tiny bit
richer than they already were. Working to pay the bills so you can afford the
car you drive to work and the food and shelter which sustains your ability to
work is no less pointless and absurd than what those soldiers were doing in the
Green Village in 2019.
Taibbi: Master List Of
Official Russia Claims That Proved To Be Bogus
21. Updated 4/15/21
“Bountygate.”
Mossad Bombed
Natanz Nuclear Facility in Campaign to Sabotage US Iran Policy and JCPOA Deal
REP. BETTY
MCCOLLUM LEADS EFFORT TO BLOCK ISRAEL FROM USING U.S. AID TO DESTROY
PALESTINIAN HOMES
Ukrainian Envoy:
NATO or Nuclear Weapons
“Ukraine has no other
choice: either we are part of an alliance such as NATO and are doing our part
to make this Europe stronger, or we have the only option – to arm by ourselves,
and maybe think about nuclear status again. How else can we guarantee our
defense?”
Big Thoughts:
Ian Welsh: The
Psychopathology of Human Leadership
All American Presidents in my life have acted like psychopaths.
…
Of course, what this really suggests is that the main problem in America
is the ruling class and Americans who are foolish enough to support it.
The America ruling class kills and impoverishes people to make money, and
since 1980 at least (really, about a decade earlier) that has included American
people.
America needs to be better: for its own sake and for the sake of others.
…
But our current problems cannot be solved by war, raiding and armed
theft.
There are some who think otherwise: they want to reduce the world’s
population to about a billion people.
Not only is that monstrous, the sort of war that would do would cause so
much environmental and climate damage that it would cancel out, and then some.
If we want out of this we need to find a primary mode of being that isn’t
“hurt or threaten other people so they do what you want.”
If we try to solve our problems with violence and the threat of violence
this time; or with the deliberate immiseration of billions of people, the world
at the other end (assuming humans survive at all) will be apocalyptically bad
even for the ruling class.
… Immiserating entire classes or countries may make a few people rich,
but it is a negative sum game. We need to stop playing negative sum games, both
with ourselves, and with the rest of life on Earth.
... If they don’t, we are either going to drive ourselves and lot of
other species to extinction, or create a world that is is much, much worse for
everyone, though, alas, some of the second possibility is already locked in.
As humans we must change how we pick our leaders and how and why we make
collective decisions. Nothing we have tried so far has worked, so we must be
open to radical change.
Must Read:
Greenwald: Big Corporations
Now Deploying Woke Ideology the Way Intelligence Agencies Do: As a Disguise
By draping itself in the
finery of political activism, the corporatist class consolidates political
power, corrupts democracy and distracts from its real functions.
Quotes of the Week:
Johnstone: Exactly zero percent of
the world’s worst criminals are in prison. Imperialists. War profiteers.
Ecocide profiteers. The very worst of thieves are financial elites. The system
isn’t designed to protect us from society’s worst, it’s designed to protect
society’s worst from us.
Kunstler: America’s first
animatronic president outside of Disney World routinely does a disappearing act
every weekend. Where does he go? Does his management team plug him into a
recharging station? Does he rest on a catafalque in some sub-basement of the
1600 Pennsylvania Avenue like one of the fabled undead from the Hollywood crypt
classics? Or do they just stuff him into
some closet where the rolling podiums and teleprompters are stored? It’s
unclear exactly what his duties were in eight years as vice-president, besides
running interference for his busy son, Hunter, who followed the Veep around the
world like a Roomba vacuum cleaner picking up nickels and dimes, but Joe did
have to answer to the then-Bigger Guy, Barack Obama, and one wonders if that is
not still the case. Does he actually meet regularly with go-between Susan Rice,
or just wait for instructions, go where he told to go, and read what has been
prepared for him to read?
Johnstone: I mean, look at us. We’re
gazing up at the stars, wondering if there’s intelligent life up there, while
rapidly killing off mysterious giant-brained leviathans who live in our own
oceans, whose experience of consciousness we know essentially nothing about.
We’re gazing up at the stars, wondering if we’ll get colonize our desert
rock planetary neighbor one day, while destroying our own planet upon which we
are perfectly adapted to live. We don’t even know if humans are truly separable
from their ecosystem any more than a ripple is separable from the pond, and
we’re already thinking of space colonization as a sensible Plan B for when we
destroy our home.
Smith: There are people on this
planet that are not satisfied to merely live their lives, take care of their
families and make their mark peacefully. They crave power over all else. They
desperately want control over you, over me, over everything, and they will use
any means at their disposal to get it. I would compare it to a kind of drug
addiction; globalists are like crack addicts, they can never get enough power,
there is always something more to take. They tell themselves and others that
they are “philanthropists”, that “they know what is best” for the rest of us.
They believe themselves superior and therefore it is their “destiny” to dictate
and micro-manage society for the “greater good” of us all. But really, when we
witness their methods it becomes clear that they have no noble aspirations.
They have no empathy or honor. They don’t care about the average human being,
or the environment, or the economy or society in general. They only care about
themselves and their delusions of grandeur. These people are a cancer on the
rest of civilization.
Satirical Fare:
Minnesota
Deploys National Guard Ahead Of Next Week’s Police Shooting
Other Fare:
We love animals
— so why do we treat them so badly?
Put simply, love for animals is one of our society’s core values.
Rational thinking is another. The way we treat animals doesn’t fit with either
of these values; it is guided by tradition and inertia. No one would vote for
the looming mass extinction of wild animals, certainly not the animals
themselves. Goodness knows how we will explain it to the next generation. But
it is happening on our watch.
The Basic Laws of Human Stupidity. Carlo M. Cipolla.
The First Basic Law of human stupidity asserts without ambiguity that:
Always and inevitably everyone underestimates the number of stupid
individuals in circulation.
At first, the statement sounds trivial, vague and horribly ungenerous.
Closer scrutiny will however reveal its realistic veracity. No matter how high
are one’s estimates of human stupidity, one is repeatedly and recurrently
startled by the fact that:
a) people whom one had once judged rational and intelligent turn out to
be unashamedly stupid.
b) day after day, with unceasing monotony, one is harassed in one’s activities
by stupid individuals who appear suddenly and unexpectedly in the most
inconvenient places and at the most improbable moments.
The First Basic Law prevents me from attributing a specific numerical
value to the fraction of stupid people within the total population: any
numerical estimate would turn out to be an underestimate.
Vids of the Week:
Roger Waters –
“The Bravery of Being Out of Range”
Pics of the Week:
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