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Monday, June 21, 2021

2021-06-21

Regular Fare:

 

Could A Growth Setback Be The Surprise Scenario For US Markets?

When one type of macro financial risk occupies the attention of investors, it does leave them at the mercy of being blindsided by something else.

A stubbornly higher pace of inflation and much higher interest rates are widely seen as a likely legacy of the enormous stimulus by central banks and governments in response to the pandemic. But what if the outcome turns out to be a less discussed and very undesirable scenario — a less impressive recovery once pandemic stimulus fades that leaves a burden of debt hanging like a deadweight on the economy?

 

Power Shifts, Or Not?

One of the odd things about our emergence from the pandemic and the sudden prospect before us of a robust economy is that the more conventional analysts are all bleating about inflation.  Something terrible is about to happen, they argue, unless we correct for all that money sloshing about as a consequence of governments trying to bail out their respective economies.  The ghosts of the 1970s are everywhere.  Strange things are afoot.  Are massive purchases of government debts by central banks properly called monetary policy?  Or are they a sort of fiscal policy?  Are we in an era of well-anchored inflation expectations?  Or are we adrift about to take on water?  And the difference between forecast- and outcome-based policy setting is keeping some analysts awake at night

 

What if everyone is wrong about US inflation’s impact on interest rates?

I have never seen a stronger consensus around a macroeconomic topic in my +30-year career in finance. Fed money printing plus fiscal stimulus/debt issuance plus economic reopening is supposed to equal high and likely lasting inflation. The 10-year Treasury will go to at least 2 percent and maybe 3 percent or higher. And you can’t swing the proverbial dead cat without hitting even direr warnings …

But to paraphrase a bit of Yiddish wisdom: man plans, and markets laugh. The 2021 YTD high for 10-year Treasury yields was on March 19th, at 1.74 percent. Those broke 1.5 pct intraday today. And it is not just Treasuries turning their back on the global inflation narrative: …

… Takeaway: predicting inflation and calling bond yields are 2 different things. History shows Treasuries wave away short-term inflation and rely on longer-run trends. The last decade saw very low measured inflation, and that – not current day inflation – is what this market cares about most.

 

Forward-Looking Markets Should Not React To Lagging Data

I ran into an amusing article by a certain mainstream economist, but I have used up my quota for dunking on him in Q2, so I will just make a more generic point related to an underlying issue that often comes up in discussions of the bond market by people who are not fixed income strategists. The argument is straightforward: the “common sense” belief that a jump in measured inflation will cause a rise in bond yields is incorrect. The reason is straightforward: the bond markets are forward-looking, while measured inflation is a backwards-looking measure

 

Deflation, Punctuated by Spasms of Inflation

 

David Rosenberg Says the Bond Market Has Inflation Right

The transitory boat is a small one. Powell and Yellen have to say that no matter what they believe. Rosenberg, Hunt, and I are in the small boat. And if you want another reason to be in that boat with us, then think about what happens when asset bubbles burst. It won't be inflationary, that's for sure.

 

Peakish Growth? The 10Y Yield Decline Is More Signal Than Noise

And that is the odd part of all of the above. GDP is going to decelerate with inflation (probably) following suit to even greater extent. All of this while the Fed is talking about talking about tapering their asset purchases. Maybe the decline in the 10-year yield is more signal than noise. With seemingly everything looking peakish, it is worth contemplating what the otherside might look like.

 

The Rent’s Too Damned High

 

Powell Just Made A Huge Error: What The Market's Shocking Response Means For The Fed's Endgame

the market's reaction to last week's unexpected Fed announcement suggests that r* now is even lower - which makes intuitive sense in light of the surge in debt and decline in growth excluding government stimulus - and that the next tightening cycle, which may start as soon as next year according to Bullard - will be the shallowest one yet as the US economy can hardly afford tighter financial conditions.

… Said otherwise, if the Fed decides to go early - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging - the market is saying that  it won’t be able to go very far before inflation and growth hit a speed limit, pushing yield expectations after the initial hike lower.

 

Auerback: “Jobs and prices.” Maybe there is a labor shortage.

In general, inflation as popularly understood appears when there is chronic excess demand relative to the real capacity of the economy to produce—in familiar terms, too much money is chasing too few goods. In policy terms, it means we see a constant tension on the part of policymakers to get the balance between demand and supply correct to avoid excessive price pressures. What’s the state of play today? In a word, alarming. Consumer prices haven’t risen this fast in years.

… If one is to judge from muted reaction of the bond market, these inflationary pressures are likely to prove transitory, a product of the temporary supply and demand distortions in the labor market brought about by Covid–19. Indeed, state and federal unemployment claims data—which count unemployed people who have already filed a claim and who are continuing to receive weekly benefits—appeared to confirm that we had enormous slack in the labor market.  More recently, however, other competing sources of labor data—notably, the Bureau of Labor Statistics payroll and household surveys—have  indicated more and more signs of labor scarcity, which would better explain the recent sharp price increases. Far from proving transitory, these labor shortages are multiplying

… The big policy question is: How long can the administration and the Federal Reserve ignore this burgeoning evidence of growing labor scarcity? And if this inflation story turns out to be less than transitory, what kind of a political response will it engender


Supply and Demand Are Coming Back Into Balance. These 9 Charts Show How.





Other . Charts:



 

  

Bubble Fare:

 

Hussman: Alice’s Adventures in Equilibrium



 

GMO: There Are No Bad Assets; Just Bad Prices.



We’re Not In A Real Estate Bubble. It’s far worse than that.

What if the newly-redefined value of shelter is the maximum amount of annual rent that can be extracted per unit of housing?


 

(not just) for the ESG crowd:

 

Fairytales of Economic Growth: Reimagining a sustainable economy

 

Biden’s Climate Irresponsibility

It would be nice if having a Democratic president automatically meant real action on climate change. Sadly, it isn’t true.

What do we hope from Democratic leadership when it comes to energy and the climate? “Anything is better than Donald Trump,” is not a passable standard and does not amount to listening to scientific consensus or showing leadership. Measured against the scale of the climate crisis or against other developed countries, or even against Obama’s weak record, signs are not good that the Biden administration will bring needed progress.

 

The Climate Culture Shock Is Coming

In the corporate world, big change starts at the top—which means companies will have to shake up their leadership to fulfill their environmental agendas.

 

The rush to ‘go electric’ comes with a hidden cost: destructive lithium mining

 

Rocky Mountain Forests Burning More Now Than Any Time in the Past 2,000 Years



Brazil's climate sabotage

 

It’s raining ‘forever chemicals’ in the Great Lakes

 

 

Other Fare:

 

'I was completely inside': Lobster diver swallowed by humpback whale off Provincetown

 



EXTRA [controversial or non-market-related] FARE:

 

Regular Fare:

 

The New Permanent Plateau Of Idiocracy

Over one year from the onset of the pandemic and the biggest asset bubble in human history has reached lethal proportions. Valuations are totally meaningless at this point in time. At the best of times Wall Street predictions have the veracity of a profoundly corrupt Magic 8 ball. Now they are ludicrous predictions regarding post-pandemic profitability built on top of the asinine predictions regarding the post-pandemic economy.

The only quasi-objective measurement of valuation is market cap over GDP which has reached suicidal levels that portend years if not decades of negative returns for current holders of stonks at these levels.

The U.S. is now firmly down the path Japan took thirty years ago. It's called deflation denial.

Japan has had many false dawns over these past three decades - too many to count. Each one landed them back at the zero interest rate bound.

For those who want a straightforward explanation of inflation versus deflation - here it is:

Deflation is when wages are going up slower than prices. Inflation is when wages are going up faster than prices. Which do you honestly think we are in? Exactly. We are at no risk of hyper-inflation. Back in the 1970s, the economy was at full capacity utilization and private sector unionization was all time high. Now today, both capacity utilization and unionization is at an all time low. There is no cost of living increase at Chipotle.

Under this current paradigm, there is constant downward pressure on wages - from outsourcing, immigration, automation, and now mass unemployment. Worse yet, monetary policy is solely focused on financial markets which is why there is constant hysteria over the slightest inflation. Our entire society is now enslaved to financial markets

 

Ian Welsh: The Lords Of Hell (And Their Slaves)

industrialization plus modern agriculture produces more than we need, easily. Automation should mean that less and less hours needed working. We should be living in a paradise of free time and choice.

We do not because a small minority has captured power and enslaved the rest of us.

These people are monsters on every possible level, including their depraved indifference to what will happen to their children and grandchildren under environmental collapse and climate change.

This is our society: a society which had the technology to create a near utopia without destroying the world (yes, some people will argue this was always impossible. Let us say that we never even tried) and which chooses instead to run a master/slave society which is so advanced it convinces most of the slaves they are free.

You WISH you had “Brave New World” because at least then you’d think you were happy.

It is odd, and sad, that this world will end because the masters, abetted by their slaves (who, remember, have not revolted in any meaningful way and have chosen among the master-class thru voting), have mismanaging the environment so badly.

When that happens, the powerful are betting they will become even more powerful: that they can use their resources to be masters in an even greater hell.

Let me suggest, that as you or your children are scrabbling for survival in the world to come, you take the time to ensure that the masters don’t “win” by destroying the environment.

Because the hell they will create in a collapsing world will make this hell look wonderful by comparison and they will never stop creating Hells if it is not made clear that those who do so will not profit from it, even with their lives.

 

 

ESG Fare:

 

Ikonoclast: And we are still doing nothing substantive to stop this

It is common mistake, and one I long made, to pay attention only to primary input resources. Thus we were obsessed about peak oil, peak coal and peak gas, imagining that the supply of these primary input resources would be the constraint for our global civilization, civilization being so energy dependent. However, it turns out that the major constraint on civilization involves not our inputs but our wastes. Our wastes wreck ecological, biosphere and geosphere systems.

Climate change is the best case in point of the above (though not the only case). Climate change melts ice caps and glaciers, raises sea levels, raises temperatures and exacerbates both floods and droughts, generating wilder swings between the two and periods where regional climate remains stuck longer in one phase. It changes growing seasons, affecting food production.

It is extremely troubling that coal, oil and gas still contribute so much to our energy mix. To save the world from catastrophic climate change we should have already reduced our use to the point that we could reach zero use by 2030.


 

 

Teflon and 'forever chemicals:' The hidden toxins in your body

 

What’s your beef? An ethicist’s guide to giving up meat

The case for giving up meat should be easy to win. Eating meat is clearly inconsiderate to animals: slaughtering billions of sentient beings each year seems gratuitously cruel when our nutritional needs can easily be met in other ways. It’s demonstrably unfair to our fellow humans and the environment, too. Meat-eating – especially consuming beef, which is the most wasteful and environmentally damaging kind – is responsible for most of the carbon emissions the food industry produces.

Yet those who eat meat are largely unmoved by the arguments against it. Why? In most societies, meat-eating is still presented as the natural state of things, a necessary part of a healthy diet. It doesn’t matter that red and processed meats have been linked to cancer and heart disease, or that we know early humans mostly ate vegetables.

 

 

Climate Tweets of the Week:

 

The tendency to use models to arrive at desired outcomes which in no way reflect reality and then announce these results as being consensus science should concern everyone.

 


Must Read [in-full] COVID Fare:

 

The Real Efficacy of Covid-19 Vaccines – a Medical Researcher Debunks the Claims

Absolute Risk Reduction (ARR) and Relative Risk Reduction (RRR)

Why are ARR and RRR very important? Very simply, let’s assume you have 100 people in a Treatment group and another 100 people in a Control or placebo group. Then, let’s say that 2 people get Disease X in the Control group while one person gets Disease X in the Treatment group. The Relative Risk Reduction or RRR in this example is 50% because one diseased person is 50% or half of 2 diseased people. However, the Absolute Risk Reduction (ARR) is only 1% because in the treatment group, only one fewer people out of 100 participants got Disease X. You can also work it out using these formulas:

1) In the Treatment group, 1/100 got Disease X = 1% which is the EER (Experimental Event Rate)

2) In the Control or placebo group, 2/100 got Disease X = 2% which is the CER (Control Event Rate)

3) ARR (Absolute Risk Reduction) = CER – EER = 2% – 1% = 1%

In a subtraction the % signs carry through the equation and are kept.

4) RRR (Relative Risk Reduction) = ARR divided by CER = 1% divided by 2% = 1/2

In a division, the % signs cancel each other out and are not kept, but 1/2 is the same as 50%.

Let’s say the Treatment in this example had side effects, as most treatments do. If a patient were offered this Treatment and was told that the “efficacy” (how well the treatment works) was only 1% (the ARR) which is the true efficacy, this patient would be much less likely to accept the Treatment and its side effects than if he or she were told the efficacy was 50%. Fifty percent sounds a lot more promising than 1% but it reflects only the comparison between the diseased people of each group. The ARR or 1% efficacy is much more accurate as it reflects how many more people out of 100 will be protected from Disease X as a result of the Treatment. To just say that the Treatment is 50% effective in this scenario by ignoring the ARR is to introduce outcome reporting bias.

Analysis of Pfizer’s Data

1) In the vaccine group, 8/18,198 got Covid-19 infection (not death) = 0.044% This is the EER (Experimental Event Rate)

2) In the Control (placebo) group, 162/18,325 got covid-19 infection (not death ) = 0.884% This is the CER (Control Event Rate)

3) ARR (Absolute Risk Reduction) = CER – EER = 0.884% – 0.044% = 0.84% = 0.84/100 = 0.0084

4) RRR (Relative Risk Reduction) = ARR divided by CER or 0.84% divided by 0.884% = 0.95

As this formula involves division, the percentage signs cancel out. 0.95 is the same as 95% which is what the Pfizer study reports for “efficacy.” An “efficacy” of 95% gives the impression that one is 95% less likely to catch Covid-19 if one is vaccinated with Pfizer’s Covid-19 vaccine. However,

5) the ARR or Absolute Risk Reduction, which is 0.0084 or 0.84%, is actually less than 1%

As shown under the ARR and RRR heading above, the ARR (of any study) is far more accurate than the RRR, but clearly, 95% sounds much more compelling than <1%. Referring to the “efficacy” of the Pfizer vaccine as 95% is not technically incorrect, but it is very misleading as this value does not properly inform the vaccine recipient. Such misrepresentation is at the very least unethical and at most illegal in many countries which require informed consent. Unfortunately, it is easy for outcome reporting bias to escape detection since the average individual, including the average doctor, does not understand ARR and RRR and will automatically assume that “95% efficacy” means 95% less likely to get Covid-19 in the real world.

Another way of understanding the ARR is by calculating the number needed to treat, or the NNT. The NNT in this case would be the number of people who would need to be vaccinated to prevent ONE case of Covid-19 infection (not death, since the study did not measure death)

Here is the calculation:

NNT = 1/ARR = 1 divided by 0.84% = 1/0.0084 = 119 people.

Note how 1/119 is also less than 1%

If we extrapolate an NNT of 119 to a population of 330 million, assuming the entire population of the USA were vaccinated with the Pfizer Covid-19 vaccine, 2.77 million Covid-19 infections (not deaths) would be prevented.

To date, there have been 33,217,718 Covid-19 recorded cases in the US and 593,282 recorded Covid-19 deaths. These statistics can be found here https://covidusa.net/ and their validity assumes that Covid cases have not been underestimated and Covid deaths have not been overestimated. If 2.77 million Covid-19 cases had been prevented by fully vaccinating every US citizen, the US would still have experienced  approximately 30,447,780 Covid infections and by extrapolation 543,810 Covid deaths, a reduction of 49,472 deaths or 1.78% fewer Covid-19 deaths.

A similar analysis of Moderna’s raw data which can be found in their product monograph here https://covid-vaccine.canada.ca/info/pdf/covid-19-vaccine-moderna-pm-en.pdf, shows a Relative Risk Reduction of 94%, an Absolute Risk Reduction of 1.2%, and a NNT of 83. In other words, Moderna’s Covid-19 case prevention is only marginally better than Pfizer’s.

From experience, we already know that self-isolation (staying home) when symptomatically ill, appropriate distancing and appropriate masking are more effective than less than 1%, the protection afforded by a Covid-19 vaccine. Otherwise, countries would not have been able to control this pandemic to any extent prior to the introduction of any vaccine.

Compared to providing Covid-19 protection, these mRNA vaccines are much more effective in enriching their already wealthy pharmaceutical producers, or those who have heavily invested in them.

For the public good, it would have made more sense, saved more money, more time and possibly more lives to have put research efforts into other potential Covid-19 treatments, such as Ivermectin, Melatonin, Vitamin D, even the highly controversial Hydroxychloroquin, or anything else that has shown any indication of being helpful either as a prevention or a cure.  Unfortunately, these are all inexpensive drugs with no hope of any appreciable returns for the pharmaceutical industry which relies on new innovations to garner profits, even if those innovations are of minimum benefit with the potential to cause great harm.

Here, I am not referring to harm from side effects, but harm from misplaced trust in a product that provides more side effects than it does protection. Justification for any treatment is found only when the benefits outweigh the risks. A quick look at the side effect rates in the tables of Pfizer’s and Moderna’s product monographs shows that although not life threatening in the studies, mild, moderate and severe side effects occurred with greater frequency than the <1% protection afforded by the Covid-19 Pfizer vaccine or the 1.2% protection afforded by the Moderna vaccine.

Having executed this exercise, it no longer puzzles me that governments and public health departments continue to recommend social distancing, mask wearing, business closures and all the usual restrictions even for those who have had both doses of a Covid-19 vaccine. The public has also been told that there is no evidence that vaccination guarantees the prevention of Covid-19 spread or prevention. We now understand why this is true. At least the public is not being lied to all the time.

Historically, pandemics eventually run out of steam, killing off the vulnerable, not affecting those who are resistant and rendering natural immunity to the rest. Could some drug companies possibly be trying to profit as much as possible while this pandemic is still with us, and when it’s all over, take the credit for ending it? After all, we are being told that the only long-term solution to this pandemic is – immunization – but… is that true even with a <1% or 1.2% effective vaccine? Absolutely not.

Does this mean we will be required to re-immunize everyone indefinitely to prevent this pandemic from resurfacing? With vaccines that have such low efficacy, that is precisely what we may be required to do. In fact, it has already begun. Having barely finished giving our citizens their second dose, new recommendations are already emerging for booster doses of Covid-19 vaccines for the upcoming fall season. The public is already being forewarned that booster shots may be needed for a long time yet to come. Indeed, reaching herd immunity with any vaccine that has such a low efficacy would take a very, very long time. The natural infectivity of Covid-19 will achieve herd immunity much sooner and when the end of this pandemic finally comes – the vaccine will take a bow.

Conclusions:

Vaccination with a poor vaccine is not the panacea that will end the pandemic and bring us all back to normal. I could go on forever about the socioeconomic, ethical and legal implications of a highly ineffective vaccine that is being touted as a world savior by playing on public ignorance, fear and fatigue.

The bottom line is: If people are properly informed that their ineffective protection from a Covid vaccine is actually 1% or less, and not 95% as advertised, vaccine uptake would drop dramatically, and in this particular instance, it should. Then, we can free ourselves, our energies, time and resources, to pursue better public health recommendations that utilize good scientific research to focuses on other more meaningful breakthroughs, including but not limited to any other much better vaccine in the fight against this, and any future pandemic.

As a medical researcher, a purist who searches for factual truths, I find this type of large-scale public exploitation and manipulation by the pharmaceutical industry for personal gain, utterly deplorable. What is even more alarming is how the vast majority of my well-intentioned but misguided medical colleagues have fallen hook, line and sinker for the vaccine rhetoric and are now falling over each other to immunize one another and thousands of equally poorly informed individuals with a vaccine that has an ARR of 1% or less. Words cannot express my dismay for our centers of medical research, licensing bodies and other medical bodies, have abandoned evidence-based medicine in favor of “trust” in a misguided rhetoric, even threatening disciplinary action against any physician who refuses a Covid-19 vaccine.

As I watch my once very reliable, logical and evidence-based scientific world disintegrate, sinking into ignorance and mass madness, my only hope is that ….. [non-scientific mumbo jumbo]

 

Mitteldorf reprisal [briefly quoted May 24]: Unthinkable Thoughts

The spike protein is the part of the virus structure that interfaces with the host cell. SARS 1 and SARS 2 viruses both have spike proteins that bind to a human cell receptor called ACE-2, common in lung cells but also present in other parts of the body. Binding to the cell’s ACE-2 receptor is like the wolf knocking at the door of Little Red Riding Hood’s grandmother. “Hello, grandmama. I’m your granddaughter. Please let me in.” The virus is a wolf wearing a red cape and hood, pretends to be an ACE-2 enzyme molecule seeking entrance to the cell. In order to enter the cell, the virus must break off from the spike protein and leave it at the doorstep, so to speak. This is an important and difficult step, as it turns out. Unique to the SARS-CoV-2 virus is a trick for making the separation. Just at the edge of the protein is a furin cleavage site.

Furin is an enzyme that snips protein molecules, and it is common in our bodies, with legitimate metabolic uses. A furin cleavage site is a string of 4 particular amino acids that calls to furin, “hey — come over here. I’m a protein that needs snipping.” The most compelling evidence for a laboratory origin of COVID is that coronaviruses don’t have furin cleavage sites, and until last year, this trick has never evolved naturally. The classical understanding of a viral or bacterial disease is this: A parasite is an organism that uses the host’s resources for its own reproduction. It is evolved to reproduce efficiently. If it has co-evolved with the host, it may be evolved to spare the host’s health, or even to promote it, because this is the optimal long-term strategy for any predator or parasite.

But newly-emerged parasites can do well for awhile even if they disable or kill their hosts, and this is the kind of disease that is most damaging to us. The damage is done because the (young) virus’s strategy is to reproduce rapidly and disperse itself into the environment where it can find new hosts. The virus has no interest in harming the host, and was not evolved to this end, but this is a side-effect of commandeering the body’s resources for its own reproduction. A bioweapon virus is designed to cause a certain kind of harm. What kind of harm? It depends on the projected use for the weapon. Doesn’t the virus have to reproduce? Probably, for most weapon applications; but a bioweapon is not necessarily designed for rapid reproduction. A bioweapon can be designed as a “sleeper” to remain dormant for months or years, or to cause incremental disability over a long period.

If COVID had evolved naturally, we would expect that its spike protein would be adapted to mate well with the human ACE-2 receptor. There’s no reason to suspect it being otherwise biologically active. But if COVID is engineered, it may be that the spike protein itself has been designed to make us sick. One reason this is significant is that the vaccines have all been designed around the spike protein, assuming that the spike protein were metabolically neutral. If the virus had been naturally evolved, this is a reasonable assumption. But if it came from a laboratory (whether it leaked or was deliberately released) the spike protein might be actually be the agent of damage. There are several reasons to suspect that this is the case.

Even doing what the spike protein is supposed to do — tying up ACE2 — can be a problem for our lungs and arteries, which are routinely protected by ACE2.

The most dangerous possibility, suspected but not verified, is that the spike protein causes a prion cascade. Prions are paradoxical pathogens, in that they are misfolded proteins that cause misfolded proteins. Their evolutionary etiology is utterly mysterious, so much so that it took Stanley Prusiner a decade after describing the biology of prions before the scientific community would take prion biochemistry seriously. But prions make potent bioweapons, which laboratories can design outside of natural evolutionary dynamics. The possibility of prion-like structures in the spike protein was noted very early in the pandemic based on a computational study. This recent review combines theoretical, laboratory, and observational evidence to make a case for caution. Once again, I find it disturbing that this possibility is being dismissed on theoretical grounds rather than investigated in the lab and the field.

Where did the idea come from that all vaccines are automatically safe? Why do so many journalists dismiss the suggestion that vaccines should be placebo-tested individually, like all other drugs? Why has it become routine to ridicule and denigrate scientists who ask questions about vaccine safety as politically-motivated luddites, or “anti-vaxxers”? How did we get to a situation where the “precautionary principle” means pressuring young people who are at almost no risk for serious COVID to accept a vaccine which has not been fully tested or approved? I don’t have answers, but I do know who benefits from this culture.

 

Why Subject Our Children To The Risk Of Death From Vaccination?

AS TCW reported yesterday, the regulator MHRA has approved the Pfizer Covid vaccine for children as young as 12. Originally, it was argued that vaccines were needed to protect children against severe Covid. However, even the most ardent pro-vaxxers now recognise that the illness poses only a tiny risk to children, so they’ve adopted a new strategy: they claim that we must vaccinate children to achieve herd immunity against SARS-CoV-2. This claim reveals a shocking ignorance about the virus.

Here’s the simple fact: we will never achieve full herd immunity against SARS-CoV-2.

The most important thing to remember is that none of the present vaccines confers sterilising immunity; in other words they do not prevent infection or the ability to transmit the virus; they only protect against severe cases. Both the regulatory agencies and the vaccine manufacturers admit this. This is because the vaccines do not produce mucosal antibody responses in the airways. Thus, we have a significant number of ‘breakthrough cases’ in double-vaxxed subjects, including seven members of the New York Yankees who recently tested positive after being fully vaccinated.

Thus, even if we vaccinated everyone on earth with the present Covid vaccines, we would not achieve full herd immunity. The virus would still spread between people, and those with weak immune systems, including the elderly and those with comorbidities, would continue to develop covid from time to time.

But let’s imagine that scientists developed a vaccine that did confer something like full sterilising immunity. We might be able to hunt down human clusters of Covid, but what are we going to do with the animal reservoirs of SARS-CoV-2? According to the US Centers for Disease Control (CDC), the following animals can be infected with the virus: cats, dogs, voles, ferrets, fruit bats, hamsters, mink, pigs, rabbits, raccoon dogs, tree shrews and white-tailed deer. So, are we going chase down all the domestic and wild animals around us and vaccinate them?

Smallpox is the only virus that humanity has fully eliminated from the world. We were able to do this because it infects only humans (i.e. it has no animal reservoir), and we have a smallpox vaccine that confers full sterilising immunity. We have not been able to eliminate any of the other viruses for which we receive regular vaccinations. Even polio still exists, despite a 32-year vaccination campaign, despite a nearly perfect vaccine, and despite the fact that polio does not infect other animals.

So let’s face it: complete herd immunity is a pipe dream. So is ‘zero Covid’ or full elimination of the virus. Any attempts to achieve these things will cause massive economic harm and involve severe violations of human rights and individual freedoms. And they will fail.

All non-corrupted scientific commentators have known from the very start that this pandemic only ends one way: SARS-CoV-2 is going to become an endemic virus. It will always be with us. The sooner most of us are exposed to it, ideally in childhood, the sooner it will cease to be a major problem. High-risk individuals can choose to take a vaccine. Ivermectin and vitamin D can be used to prevent infection and treat confirmed cases. As we have seen, the argument that children must take vaccines so that we can achieve herd immunity is utterly false. Only those completely ignorant of virology and immunology would even attempt to make it. That brings us back to the original argument for vaccinating children against Covid: to protect them from the severe disease.

If this is the only reason to vaccinate children, there is only one calculation that parents should make: Is the risk from Covid greater than the risk from the vaccine? The present Covid vaccines being administered in the West are based on experimental technologies that are being used under emergency use authorisations (EUAs). Full safety studies will not be completed until 2023. The Covid vaccines were all created in the last year and we have no medium-term or long-term data on them. We don’t know if they will have an effect on children’s reproductive organs and fertility. We don’t know if they will produce auto-immune diseases. And we don’t know if they will lead to ADE (antibody-dependent enhancement) upon re-exposure to the virus (causing more severe illness).

We do know that the vaccines produce a range of cardiovascular and neurological events including strokes, myocarditis, pericarditis and paralysis in a significant number of people. In the small US state of Connecticut at least 18 children and young adults have come down with myocarditis, an extremely serious and sometimes fatal condition involving inflammation of the heart muscle (and they’ve only just started vaccinating children there). The Israel Ministry of Health has reported that the incidence of myocarditis for vaccine recipients is between 1 in 3,000 and 1 in 6,000 in young men. In Canada (population 38 million) only 11 children have died from Covid since the start of the pandemic. In the UK (pop 68 million) 32 children have died. It is nearly certain that all of them had one or more severe comorbidities. The fact is, most children brush off Covid without even knowing they’ve had it. For all intents and purposes, Covid poses zero risk to healthy children.

It is clear that for children the risk of death or injury from the vaccine is at least an order of magnitude greater than the risk of death or injury from the virus. So since herd immunity or zero Covid is clearly an impossible goal, why in God’s name are we subjecting our children to the risk of death or life-changing injury? I’ll tell you why: Because this really isn’t about health at all. It’s being driven mostly by two things: the profit motives of Big Pharma and Big Tech, and a cult-like religious movement in which masking and vaccinations are the sacraments by which one demonstrates their virtue.

So, let’s get back to reality. If you’re an adult and you trust the safety of the vaccines, then you’ve taken yours, or you will soon, and you’re protected. You don’t need to worry about whether others are vaccinated. If you’ve got an umbrella, you don’t need to worry if others go out without them. If they get wet, that’s their problem, not yours.

If you’re a parent, like I am, I want to speak directly to you. I know you love your children. I know you worry when your children are ill. Just imagine if you made a decision – a completely optional decision, with no benefit to your child or the rest of society – that resulted in your child being injured, killed or rendered infertile. And you did it simply because you wanted to appear virtuous, or because it was the easy thing to do. How would you feel? How would you explain your decision to your child if they were injured or infertile?

Let’s all remember the injunction of the Hippocratic Oath: First, do no harm.

 

More COVID Fare:

 

They Denied A Lab Leak At Wuhan. They Are Wrong About Other Things

From the start, there was no room for both vaccines and treatments under the statute that has allowed millions of Americans to be vaccinated with an unlicensed, largely unstudied substance. The key mechanism on which this turned was the vaccine’s “Emergency Use Authorization,” which can be granted by the FDA only if there is “no adequate, approved, and available alternative to the product for diagnosing, preventing or treating” a disease. But even as the vaccine was minimally tested and maximally hyped, there was an alternative. Ivermectin. “It’s the most effective antiviral agent we have,” Dr. Paul E. Marik, co-founder of Front Line COVID-19 Critical Care Alliance, said in a conversation for this article. “If the WHO was to say that or the NIH — were they to approve ivermectin — the EUA for all the vaccines would become invalid.”

Ivermectin, said FLCCC president Dr. Pierre Kory, “would kneecap the entire global vaccine policy around the world.” The choice was always vaccines OR treatment. Not both. Operation Warp Speed spent three times as much — $18 billion — to develop a vaccine as it did to develop a treatment.

 

Should you get vaccinated?

I always get vaccinated. I have been fully vaccinated with the Moderna COVID vaccine. My three daughters have all been vaccinated.

I recently learned that these vaccines have likely killed over 25,800 Americans (which I confirmed 3 different ways) and disabled at least 1,000,000 more. And we’re only halfway to the finish line. We need to PAUSE these vaccines NOW before more people are killed.

The CDC, FDA, and NIH aren’t disclosing how many people have been killed or disabled from the COVID vaccines. The mainstream media isn’t asking any questions; they are playing along. YouTube, Facebook, Twitter, and others are all censoring content that goes against the “perfectly safe” narrative so nobody is the wiser. Tony Fauci, the “father of COVID,” is still in his job even though all of this is his fault. Cliff Lane, who reports to Tony, is still sandbagging early treatments so that people will falsely believe that the vaccine is the only option. The Democrats are still asleep at the wheel by refusing to request Fauci’s unredacted emails from the NIH which will prove he covered up the fact he created the virus in the first place. Biden is clueless urging Americans to vaccinate their kids with a deadly vaccine that has likely killed more than 25,000 Americans so far. Academics in the medical community are nearly all clueless, urging people to get the safe and effective vaccine. When I tried to bring this to the attention of leading academics they told me I was wrong and not to contact them ever again. Sound too hard to believe? I don’t blame you. But there is a reason that this article is the most popular article that has ever been on TrialSiteNews with over 1M views so far. It’s because everything I’ve said is true. And nobody will debate me live about it. They all refuse.

Based on what I now know about the miniscule vaccine benefits (less than a .5% reduction in absolute risk), side effects (including death), current COVID rates, and the success rate of early treatment protocols, the answer I would give today to anyone asking me for advice as to whether to take any of the current vaccines would be, “Just say NO.” Waiting for Novavax (and other traditional vaccines) is a much safer option. If you get COVID in the meantime, treating with early treatment protocols that incorporate fluvoxamine and ivermectin is vastly superior to getting the most dangerous vaccine in the last 30 years.

In this article, I will explain what I have learned since I was vaccinated that totally changed my mind. You will learn how these vaccines work and the shortcuts that led to the mistakes that were made. You will understand why there are so many side effects and why these are so varied and why they usually happen within 30 days of vaccination. You will understand why kids are having heart issues (for which there is no treatment), and temporarily losing their sight, and ability to talk. You will understand why as many as 3% may be severely disabled by the vaccine. You will understand why doctors aren’t reporting these as vaccine-related.

What I find deeply disturbing is the lack of transparency on how dangerous the current COVID vaccines are. Healthy people could end up dead or permanently disabled at a rate that is “off the charts” compared with any other vaccine in our history….

 

Vaccine Euphoria

Yes, technology can be wonderful, and yes, scientists can be very clever. Unfortunately, there have probably been more disasters in the experimental stages of products the big pharmaceutical companies want to market than successes—at least a fair share of them. The vaccines have been approved as experimental therapy, nothing more. How many times was it that Edison tested his light bulb before it was successful?

 

Pfizer Vaccine Authorised, Data Sight Unseen

It is impossible to assess this study fully because 98% of the document was removed in order to protect Pfizer’s intellectual property

 

CDC schedules emergency meeting on RNA Covid-19 vaccine safety in young people

The CDC's top vaccine advisors have scheduled an emergency meeting for Friday, June 18, about reports of myocarditis and pericardium, or heart inflammation, young people after they received Pfizer or Moderna Covid-19 vaccines.

The CDC says it knows of at least 800 reports of heart inflammation after Covid-19 vaccination. Of those, 226 cases of myocarditis were reported in age 30 and under after vaccination with the two "RNA" medicines.

 

The Killer in the Bloodstream: the "Spike Protein"

Regulatory documents also show Pfizer did not follow industry-standard quality management practices during preclinical toxicology studies of its vaccine, as key studies did not meet good laboratory practice (GLP)… “The implications of these findings are that Pfizer was trying to accelerate the vaccine development timeline based on the pressures of the pandemic,”

 

Robert Malone, mRNA-vaccine inventor: Regarding Dosing Of The Covid Genetic Vaccines

Regarding dosing of the COVID genetic vaccines (mRNA, recombinant adenovirus) versus the more traditional vaccines (including Novavax). There are some inconvenient truths here.

First, the current genetic vaccines (Sanofi, J&J, Pfizer, Moderna) did not undergo the time tested assessments of dose ranging and dose timing clinical studies, to the best of my knowledge. I have direct first person report of how the dose was selected for Moderna (confidential source), and it was basically a SWAG by committee consensus. Personally, for what it is worth, it is my opinion that the current mRNA vaccines selected a dose that was too high, too far up on the sigmoidal dose response curve – so that we may have excess adverse events. Dose selection with vaccines is usually about careful balancing of adverse events with potency/efficacy/effectiveness, with a bias towards safety.

Second big inconvenient truth is that the spike protein is the actual active agent, in terms of eliciting an immune response. And in the case of the traditional vaccines, the dose of spike protein is defined relatively precisely. With the genetic vaccines, it is not (to the best of my knowledge). I know of no data wherein the mean, median, range etc of total amount of spike protein produced in a patient after administration of the COVID genetic vaccine has been defined. Usually, the FDA is quite persnickety about such things, but I am not aware of this key variable having been determined. Therefore, the range and severety of adverse events potentially attributable to the level of expressed spike protein may reflect patient to patient differences in genetic transfer efficiency and subsequent spike expression.

 

Google Keeps Suppressing the Shocking Interview of Dr. Robert Malone, Inventor of mRNA Vaccines. Here It Is.

 

NFL Covid-19 protocols: a glimpse into the future restrictions for all unvaccinated - and a problem for studies into vaccine effectiveness

Apart from the civil liberties issues, the fact that only unvaccinated will be routinely tested also means that data on vaccine effectiveness will be massively biased because the vast bulk of people being tested will be asymptomatic unvaccinated people. When real infection rates are low (as they are now) this bias will exaggerate vaccine effectiveness because almost all new 'cases' will be asymptomatics (i.e. unvaccinated) - most of which will be false positives.  Yet, if infection rates are high the bias could underestimate vaccine effectiveness as the proportion of symptomatics among those tested will be higher for the vaccinated.

 

Kunstler: Struggle Session

Let’s face it: the government has done everything wrong around the Covid-19 episode from the start, and continues to this day.

In late 2020, big pharma companies start releasing mRNA compounds they call “vaccines.” They are not egg-zackly vaccines in the standard sense of what vaccines have been since the British doctor Edward Jenner first inoculated humans for smallpox in 1796 using a weaker cowpox live virus. The Covid-19 “vaccines” are miracles of genetic engineering. They deliver instructions via a lipid nano-particle for the body to manufacture spike proteins of the kind that form the corona of Covid-19, which, in turn prompts the immune system to fight the virus. Sweet! Except they have not gone through the years-long trials usually required by the FDA. By spring of 2021, evidence emerges that the spike protein may have some toxic properties of its own. Uh-oh.

It seems to interfere with women’s reproductive functions; it attacks the epithelial lining of blood vessels; it appears to induce blood clotting that can lead to strokes and infarctions; it can produce neurological disorders; it gets into other organs and messes with them…. Yikes! Ordinarily, vaccines that produce a very few cases of dangerous side-effects are held back from distribution. But under the emergency declaration for Covid-19, the mRNA “vaccines” are proffered even more aggressively. Through May, 2021, The Science (Dr. Fauci) presses to “vaccinate” as many Americans as can possibly be rounded up, including people who have recovered from Covid-19 and have developed their own natural antibodies.

Lately, The Science (Dr. Fauci) has militated for children and teenagers to get “vaccinated.” Only, now it turns out that scores of “vaccinated” young people are showing up with inflammation of the heart muscle (myocarditis), otherwise extremely rare in that demographic. Say what, plus huh, plus WTF? Does it not seem as if The Science (Dr. Fauci) has lurched from one blunder to the next, while also withholding the truth from the public, lying about the origin of the disease, and its (his) role in the development of the “vaccines,” and now rather desperately, it seems, trying to cover its (his) ass? What does “Joe Biden” & Co. do about The Science (Dr. Fauci) now?...

 

Taibbi: Why Has "Ivermectin" Become a Dirty Word?

 

The mechanisms of action of Ivermectin against SARS-CoV-2: An evidence-based clinical review article

 

Ivermectin for Prevention and Treatment of COVID-19 Infection

A Systematic Review, Meta-analysis, and Trial Sequential Analysis to Inform Clinical Guidelines

 

A Group Of Parents Sent Their Kids' Face Masks to A Lab for Analysis. Here's What They Found

 

COVID Pics:

Vaccines are winning?






 

    

Big Thoughts:

 

What If We’re Wrong?

What if the Earth isn’t the centre of everything? What if the ancestors of humans once looked like monkeys, or were single-celled organisms? What if the continents move?

These questions were once beyond the pale. They were not to be discussed in polite society, were outside the frame of the Overton window. None of that made them untrue, however, or unimportant.

Every idea that we now understand to be true was first realized by a human mind, unknown to anyone else. Before that moment, nobody in our species had had the thought. Our lack of knowledge limited us. And yet before any human had the thought, it was nevertheless true. Some person first conceived the idea, thought on it for a while, honed it, shaped it, and then shared it. Maybe the first person they shared it with thought it was a terrific idea. More likely, they thought the originator was wrong, maybe engaged in crazy talk. For a while, the idea may have even been considered dangerous, worthy of contempt and scorn. And for a long time thereafter, that idea—one that, in retrospect, we understand to be fundamental—was at the very least considered outside the range of acceptable and accepted thought. It was heterodox.

Galileo might have had a few things to say about that.

Orthodoxy and heterodoxy—apparent opposites pulling against one another from across a gap that can seem impassable—in fact rely on and thrive with one another. Orthodoxy is effective at times of stasis, when what is to come looks very much like what came before, and when what we believe to be true is in fact true. Too much orthodoxy, though, and we become stale and stagnant. Heterodoxy injects new ideas into a system, and is necessary any time the world is changing, and the future has little chance of looking like the past. Too much heterodoxy, however, and we become frenzied and chaotic.

Regardless of what is most needed in the world at any given moment—regardless of whether the conditions call for more orthodoxy or more heterodoxy—there always needs to be an avenue for discussion. Both orthodox and heterodox ideas always need to be publicly discussable. Otherwise, whoever holds the most power when censorship begins—at the point at which people begin hiding their thoughts and conversations—will gain ever more power. The powerful will shape the governing orthodoxy—and it will always be an orthodoxy, even if its central ideas were heterodox just yesterday—and will crack down ever harder on those who dissent.

The argument, of course, is not that all instances of dissent are necessary, or valuable, or reasonable. Angry, deceitful and dangerous words, actions and regimes have emerged from dissent countless times throughout history. But dissent in and of itself is utterly necessary. Instances of ill-considered dissent are too often trotted out as proof that dissent itself is dangerous, but this is poor logic, and often obscures other motives.

It is naïve to imagine that—living as we do within the constraints of the moment—we can see into the future with such clarity that those who would decide what speech is and is not acceptable are in a good position to know what is actually true. Many of Galileo’s interlocutors did not know what was true, yet they certainly believed that they did. (Some of his interlocutors—like many of those who would tamp down dissent—were presumably not driven by belief, but merely by a wish to shore up their power.) Too many would make themselves judge, jury and executioner of certain concepts and conversations, while claiming to be the sole proprietors of truth. They are engaging in a grand narcissism: they imagine themselves as, for the first time in history, able to see everything. It is akin to declaring themselves God.

What if SARS-CoV2 leaked from a lab?

What if there are long-term effects of mRNA vaccines?

What if Ivermectin is a safe and effective prophylaxis against, and treatment for, COVID-19?

Unlike the questions that began this essay, the answers to these questions are not yet resolved. But the very posing of them has been considered—again—beyond the pale, unacceptable in polite company, outside the Overton window.

Those of us who asked them, throughout 2020 and well into 2021, have been called conspiracy theorists, and worse. Our intentions have been questioned. We have been told to keep quiet. Some have self-censored, and others have been brought to heel by Big Tech. The powers that be at Google, for instance, had an official policy as of May 2021 which includes this line: “YouTube doesn’t allow content that spreads medical misinformation that contradicts local health authorities’ or the World Health Organization’s (WHO) medical information about COVID-19.”

This policy fundamentally misunderstands science. Local health authorities and the WHO can be wrong, as can we all. Being wrong is no crime (although prevaricating to further your own agenda when lives are on the line is tantamount to one). Shutting down the voices of those who question your conclusions—while not criminal—is antithetical to science.

On Leap Day of 2020, in a tweet that remained up for months but has now been deleted, the US Surgeon General was dismissive of those who thought that masks were a useful tool in preventing the spread of COVID-19, chiding: “Seriously people—STOP BUYING MASKS! They are NOT effective in preventing general public from catching #Coronavirus.” The US Surgeon General has since reversed course and we know that its line, as of Leap Day 2020, was based on politics rather than science. Our understanding of the subtleties of airborne vs. aerosol transmission may even cause a re-evaluation of mask policy in the near term—re-evaluating what we understand is to be expected, as new data come in.

What’s a thinking person to do?

Additionally, there has been clear evidence since Spring 2020 that outdoor transmission of Covid is incredibly rare, yet public policy has barely begun to catch up to this reality in Spring 2021. Meanwhile, those of us who have been masking indoors in public spaces longer than almost anyone else, but have not worn masks outdoors, have been glowered at, and sometimes yelled at, for being irresponsible. We are accused of not following the science, when in fact we are doing exactly what the actual science suggests.

When scientific thinking and a careful analysis of the scientific literature leads to a different conclusion than the declarations of the authorities, what path does #followthescience suggest? Science does not operate by authority, but #followthescience is being used as a bludgeon to silence people into compliance. Freedom of expression is required if science is to function. Those who are engaging in silencing are doing neither science, nor humanity, any favours.

YouTube’s official “COVID-19 medical misinformation policy” further prohibits any claims that Ivermectin is an effective treatment for COVID-19. This despite abundant evidence that Ivermectin is an effective treatment for COVID-19, including from countries where it was already in widespread prophylactic use against other pathogens.

If the efficacy of Ivermectin in treating COVID-19, suggested by many peer-reviewed scientific papers, is borne out, YouTube will be revealed to have been playing a very dangerous game indeed. How much health—individual and economic—will be sacrificed globally on this altar? It’s censorship in science’s clothing. Look closely, and you will find that this has little to do with science. A censor wearing a lab coat is still a censor, and censorship is fundamentally incompatible with science.

Furthermore, even if Ivermectin proves to be little help against COVID-19, the game being played by those who stand opposed to free expression is still dangerous. Policies like that of YouTube, which quash discussion and silence debate, pretend to be pro-science, but they are the opposite. This is a new orthodoxy stamping out heterodoxy, yet again.

We need freedom of expression because what we currently believe is true, just or moral may change. We might be wrong.

In light of history, to imagine elsewise is the height of hubris.

We used to know this at a societal level. ….

 

COVID Tweet of the Week:

 

Horrifying if true...

 

flabbergasting if true...

 

and this

 

COVID Conspiracy Fare:

 

Beijing’s useful idiots: Science journals have encouraged and enforced a false Covid narrative

This acceptance is one more sign of the changing political climate as suddenly it is deemed permissible to discuss the possibility that the virus causing havoc around the world might have emerged from a laboratory. Petrovsky has had to endure what he calls “the legitimacy” of his paper as a peer-reviewed publication being denied for a critical 12 months — and he is far from alone. “I have heard all too many tales from other academics who have been equally frustrated in getting their manuscripts dealing with research into the origins of the virus published,”

… Only now is acceptance emerging that the science establishment colluded to dismiss the lab leak hypothesis as a conspiracy theory, assisted by prominent experts with clear conflicts of interest, patsy politicians and a pathetic media that mostly failed to do its job. And yet, at the heart of this scandal lie some of the world’s most influential science journals.

… “The game seems to be for Nature and The Lancet to rush non-peer revised correspondences to set the tone and then delay critical papers and responses.”

 

Quinn: There Are No Solutions - Part Two

The boldness and extremeness of their actions since the Fall of 2019 seem out of character with their usual shrouded machinations behind the scenes, where the public is ignorant of their actions. Something broke within the debt saturated financial system and Powell was ordered to restart QE and start reducing interest rates to fend off disaster. In a fascinating coincidence, Event 201, a pandemic simulation, was conducted on October 18 in New York City, jointly run by The Johns Hopkins Center for Health Security, World Economic Forum, and Bill & Melinda Gates Foundation. The four-year coup attempt by the Deep State against Trump was floundering, with their pathetic last gasp impeachment farce in January 2020.

The weaponization of the Chinese bio-weapon lab virus into a global pandemic narrative accomplished numerous objectives for the Deep State. It provided cover for the Federal Reserve to funnel trillions into the pockets of the criminal Wall Street cabal and their billionaire clientele. It provided the means for Democrat governors and mayors to use it as an excuse to allow mass mail-in voting in order to fraudulently steal the election. Destroying the economy through unnecessary worthless lockdowns and blaming it on Trump gave the Democrats a further impetus to steal the election. Convincing the entire nation masking and lockdowns stopped the spread (they did not) allowed the ruling class to exercise tyrannical authoritarian un-Constitutional mandates with little to no push back from the masses – giving them the confidence to push further.

Cases and deaths were plummeting before vaccines were rolled out in any quantity, but the media mouthpieces and lying politicians will credit the jab for decline. Using propaganda fear, convincing the masses cowering in your basement was brave, using their captured media to lie about “being in this together” as our rulers flaunted their own lockdown dictates, creating social unrest based on the false narrative of systematic racism, forcing people to be scared and suspicious of each other, and pitting families and friends against each other based on falsehoods, has accomplished the mission of tearing the fabric of our society. And now for the coup de grace – forced vaccinations with an experimental untested DNA altering concoction for a virus with a 99.8% survival rate.

The immune systems of all but the sickliest are sufficient to fight off this virus and cheap, effective, and safe treatments like ivermectin and hydroxychloroquine have been scientifically proven to successfully defeat this virus. Watching scientists and doctors declare these treatments dangerous and ineffective, with Big Tech censoring anyone dissenting from this narrative, tells you how corrupted the medical and media industries have become. Science is never settled. “No scientist ever believes that he has the final answer or the ultimate truth on anything.” – Carroll Quigley

 

Ed Curtin: What I Know and Don’t Know about SARS-CoV-2 Virus

After fifteen months of assiduous reading, study, observation, and research, I have come to some conclusions about what is called COVID-19.  I would like to emphasize that I have done this work obsessively since it seemed so important.  I have consulted information and arguments across all media, corporate and alternative, academic, medical, books, etc.  I have consulted with researchers around the world.  I have read the websites of the CDC, the World Health Organization, and government and non-government health organizations.  In other words, I have left no stone unturned, despite the overt or covert political leanings of the sources.  I have done this as a sociologist and writer, not as a medical doctor, although many of my sources have been medical doctors and medical studies.

My succinct conclusions follow without links to sources since I am not trying to persuade anyone of anything but just stating for the public record what I have concluded.  Life is short.  I am going to say it now.

·         I know that vast numbers of people have been hypnotized by fear, threats, and bribes to accept the corporate mainstream media’s version of COVID-19. I have concluded that many millions are moving in a trance state and do not know this. They have been induced into this state by a well-organized, very sophisticated propaganda campaign that has drawn on the human fear of death and disease.  Those behind this have no doubt studied the high incidence of hypochondriasis in the general population and the fear of an invisible “virus” in societies where belief in God and the spiritual invisible has been replaced by faith in science.  Knowing their audience well, they have concocted a campaign of fear and confusion to induce obedience.

·         I do not know but suspect that those who have been so hypnotized tend to be mainly members of the middle to the upper classes, those who have invested so much belief in the system. This includes the highly schooled.

·         I know that to lockdown hundreds of millions of healthy people, to insist they wear useless masks, to tell them to avoid human contacts, to destroy the economic lives of regular people have created vast suffering that was meant to teach people a lesson about who was in control and that they better revise their understanding of human relations to adjust to the new digital unreality that the producers of this masquerade are trying to put in place of flesh and blood, face to face human reality.

·         I know that the PCR test invented by Kary Mullis cannot test for the alleged virus or any virus and therefore all the numbers of cases and deaths are based on nothing. They are conjured out of thin air in a massive act of magic. I know that the belief that it can so test began with the unscientific PCR Corona protocol created by Christian Drosten in Germany in January 2020 that became the standard method for testing for SARS-CoV-2 worldwide.  I am sure this was preplanned and part of a high-level conspiracy.  This protocol set the cycle threshold (amplification) at 45 which could only result in false positive results.  These were then called cases: An act of fraud on a massive scale.

·         I do not know if the alleged virus has ever been isolated in the sense of being purified or detached from everything else aside from being cultured in a lab. Therefore, I do not know if the virus exists.

·         I know that the experimental mRNA “vaccines” that are being pushed on everyone are not traditional vaccines but dangerous experiments whose long-term consequences are unknown. And I know that Moderna says its messenger RNA (mRNA) non-vaccine “vaccine” functions “like an operating system on a computer” and that Dr. Robert Malone, inventor of mRNA vaccine technology, says that the lipid nanoparticles from the injections travel throughout the body and settle in large quantities in multiple organs where the spike protein, being biologically active, can cause massive damage and that the FDA has known this. Additionally, I know that tens of thousands of people have suffered adverse effects from these injections and many thousands have died from them and that these figures are greatly underestimated due to the reporting systems.  I know that with this number of casualties in the past these experimental shots would have been stopped long ago or never started.  That they have not, therefore, convinces me that a radically evil agenda is under way whose goal is harm not health because those in charge know what I know and much more.

·         I do not know where this alleged virus originated, if it exists.

·         I know that from the start of this crisis, there was a concerted effort across the world to deny access to proven effective treatments such as hydroxychloroquine, steroids, ivermectin in a planned effort to vaccinate as many people as possible. This alone reveals an agenda centered not on health but on getting as many people as possible to submit to being vaccinated and controlled. Social control is the name of this deadly game.

·         I know that those pushing these vaccines – The World Economic Forum, the World Health Organization, the Gates Foundation, the Rockefeller Foundation, etc. – have a long history of wanting to drastically reduce the world’s population and that their promotion of eugenics under various names is very well known. I am convinced that the totally untested mRNA-type “gene therapy” is the key to their plan for population reduction.

·         I do not know if they will succeed.

·         I know they must be resisted.

·         I do not know why so many good people cannot see through this evil. I can only attribute it to having been seduced by a massive hypnotic propaganda campaign that has appealed to their deepest fears and will result in those fears being realized because they thought they were free. It is a great tragedy.

·         I know that all the statistics about cases and deaths “from” COVID-19 have been manipulated to create a fake pandemic. One of the most obvious proofs of this is the alleged disappearance of the flu and deaths from influenza. Only someone in a trance could fail to understand the absurd logic in the argument that this was the result of mask wearing when at the same time the air-born COVID-19 spread like wildfire until that stopped precipitously in January 2021 when a tiny number of people had been vaccinated.

·         I know there has been barely any excess mortality throughout all this.

·         I do not know where it will all end but hope against hope the growing opposition to this fraud will grow and defeat it despite the organized censorship that is underway against dissenting opinions. I know that when organized censorship on this scale takes place those behind it are afraid of the revelation of the truth. A simple understanding of history confirms this.

·         I know that the temporary reprieve the authorities have granted to their subjects will be followed by further restrictions on fundamental freedoms, the corona virus lockdowns will likely return, “vaccine” boosters will be promoted, and the World Economic Forum’s push for a Great Reset with a Fourth Industrial Revolution will lead to the marriage of artificial intelligence, cyborgs, digital technology, and biology with the USA and other countries continuing to slip into a new form of fascist control unless people across the world stand up and resist in great numbers. I am heartened by signs that this resistance is growing.

·         Finally, I know if the authoritarian forces win the immediate battle, someone will write a book with a title like that of Milton Mayer’s classic, They Thought They Were Free. It will be censored. Perhaps it will first be shared via samizdat.  But in the end, after much suffering and death, the truth about this evil agenda will prevail and there will be much weeping and gnashing of teeth.

 

  

GeoPolitical Fare:

 

A World at the Edge

What Planet Will Our Children and Grandchildren Inherit?

 

Escobar: Empire Of Clowns Versus Yellow Peril

It requires major suspension of disbelief to consider the G7, the self-described democracy’s most exclusive club, as relevant to the Raging Twenties. Real life dictates that even accounting for the inbuilt structural inequality of the current world system the G7’s economic output barely registers as 30% of the global total. Cornwall was at best an embarrassing spectacle – complete with a mediocrity troupe impersonating “leaders” posing for masked elbow bump photo ops while on a private party with the 95-year-old Queen of England, everyone was maskless and merrily mingling about in an apotheosis of “shared values” and “human rights”. Quarantine on arrival, masks enforced 24/7 and social distancing of course is only for the plebs.

The G7 final communique is the proverbial ocean littered with platitudes and promises. But it does contain a few nuggets. Starting with ‘Build Back Better’ – or B3 – showing up in the title. B3 is now official code for both The Great Reset and the New Green Deal. Then there’s the Yellow Peril remixed, with the “our values” shock troops “calling on China to respect human rights and fundamental freedoms” with a special emphasis on Xinjiang and Hong Kong. The story behind it was confirmed to me by a EU diplomatic source, a realist (yes, there are some in Brussels). All hell broke loose inside the – exclusive – G7 room when the Anglo-American axis, backed by spineless Canada, tried to ramrod the EU-3 plus Japan into an explicit condemnation of China in the final communiqué over the absolute bogus concentration camp “evidence” in Xinjiang.

In contrast to politicized accusations of “crimes against humanity”, the best analysis of what’s really going on in Xinjiang has been published by the Qiao collective. Germany, France and Italy – Japan was nearly invisible – at least showed some spine. Internet was shut off to the room during the really harsh “dialogue”. Talk about realism – a true depiction of “leaders” vociferating inside a bubble. The dispute essentially pitted Biden – actually his handlers – against Macron, who insisted that the EU-3 would not be dragged into the logic of a Cold War 2.0. That was something that Merkel and Mario ‘Goldman Sachs’ Draghi could easily agree upon.

 

Kunstler: The Three-way Squeeze

Here is why the “Joe Biden” regime only has a few months to live: it is caught in a squeeze between some of the greatest lies in world history, and they’re all unraveling now. Anyway, “Joe Biden” is not really functioning as president of the US; he’s just the doddering, photo-op front-man for a kind of politburo centered around Barack Obama, and that group lives in terror of being found-out, which it will be, despite its capture of the traditional news and social media.

Big Lie No. 1 is actually a whole bundle of lies surrounding the Covid-19 pandemic. …

Big Lie No. 2 is that “Joe Biden” won the Nov 3, 2020 presidential election. That colossal scam, which the Democratic party advertised well in advance, and accomplished via blatant mail-in ballot fraud and computer voting machine tweaking, was never properly adjudicated — despite media claims that court cases were dismissed on the basis of evidence, which was not so. …

The third “Big Lie” is that the US economy is “recovering” from the Covid-19 disruptions. The US economy has been a Potemkin village since 2008, held together with the baling wire and duct tape of Federal Reserve money games and, more so lately, US government fiscal recklessness — i.e., spending vast amounts of borrowed money on direct payments to broke citizens, broke businesses, and, apparently an equal number of outright crooks who just gamed the various bailout categories.

 

Ian Welsh: Democratic Congress Members Want What Republicans Want

Biden had a good economic plan, but it has been watered down to basically worthless, and certainly won’t do much for the environment.

The test for Biden’s sincerity is simple: the President has vast executive power. Is the President using it. Biden has vast power to forbid fracking; he didn’t. He has allowed vast increases in oil pumping. He could cancel or reduce student loans on his say-so. He has not.

Republicans do things Democrats want: they cut taxes for rich people like Nancy Pelosi and most Senators and their families, for example. They bomb brown people. The hurt poor people.

The Democrats who are in power like all these things. They tell you they don’t, then when they have power, they reverse hardly any of it, and indeed, add to the pile of evil.

 

 

Orwellian Fare:

 

Greenwald: Questions About the FBI's Role in 1/6 Are Mocked Because the FBI Shapes Liberal Corporate Media

The FBI has been manufacturing and directing terror plots and criminal rings for decades. But now, reverence for security state agencies reigns.

 

Whitney Webb: Who Is A “Terrorist” In Biden’s America?

 

Johnstone: Who Wants To Hear My Crazy, Kooky Conspiracy Theory About 1/6?

… And you can call me a crazy tinfoil hat wearing conspiracy theorist if you like, but I can’t help wondering if these two stories might perhaps be related somehow. If maybe, just maybe, the FBI’s suspicious behavior before and after the Capitol riot has something to do with the agenda to implement authoritarian measures designed to stomp out any revolutionary impulses that might emerge in an increasingly impoverished and oppressed population.

If maybe, just maybe, the opaque government agencies who run America in alliance with the plutocratic class are deeply afraid of the rising discontent of the masses who greatly outnumber them.

If maybe, just maybe, the fact that the mainstream narrative about the Capitol riot has been full of plot holes, outright falsehoods and narrative spin from the very beginning and has been used to advance preexisting agendas from day one is a bit odd.

If maybe, just maybe, QAnon being an obvious psyop should have been a bit of a hint.

If maybe, just maybe, the fact that the incoming Biden administration had already been working on adding new domestic terror policies before January 6 should raise a few eyebrows.

If maybe, just maybe, the fact that Biden has often boasted that he was the original author of the Patriot Act is not irrelevant to the timing of all this.

If maybe, just maybe, the fact that the Capitol riot was immediately used as an excuse to target the left should have been seen as a warning of things to come.

If maybe, just maybe, the leftists who jumped aboard the CNN narrative about the Capitol “coup” in the hope that it could be used to rally the left were misguided and should now adopt a more critical posture.

If maybe, just maybe, the agenda to sustain an unsustainable economic model and an unsustainable empire is expected to require a few more screw turns than the public is likely to accept voluntarily, and precautions are being put in place to prevent a meaningful backlash.

If maybe, just maybe, there was an agenda to implement frightening new “domestic terror” laws to keep Americans from mobilizing against their rulers, and an excuse was cooked up to manufacture support for that agenda.

 

The Wizard Of Oz: The Dark Reality That The Deep State Hides From The World

Nothing is ever as it seems, especially when it comes to the modern world in which everyone lives. “There Are No Democracies Or Autocracies, Only Governments”, I wrote last week, and they're all comprised of permanent military, intelligence, and diplomatic bureaucracies, or “deep states”, which handle matters largely considered (whether rightly or wrongly) to be beyond the responsibility of the average citizen. This power structure is allied with influential perception managers in the Mainstream Media and the education system in order to hide a very dark reality from everyone that's much more nefarious than what the Wizard of Oz hid from Dorothy. Supporters might say that “it's better this way” since “society needs to be controlled” whereas critics claim that this is highly manipulative and against people's fundamental human rights. Whichever side of the divide one falls on, there's no denying that the real world is much worse than the average person thought.

All people across the world are strongly encouraged by their governments to go about their daily lives and behave as economically productive and socially responsible citizens. To this end, they're distracted with “bread and circuses” by being kept above the minimum subsistence level at the very least and pressured to focus more on their personal pursuit of happiness than everyone else's. The exception of course is those who show a sincere interest in how the world works and are considered by the so-called “powers that be” as “ideologically reliable” after years of relevant indoctrination in the higher education system. This elite category of citizens learns how the world really operates after getting to peek behind the curtain ahead of actually getting to play a direct role of some sort in managing this secret state of affairs. Sometimes average people learn about the truth on their own or through whistleblowers, but it mostly remains obscured.

The system upholds itself by obsessively discrediting those intrepid enough to research its inner workings and publicly share their findings as so-called “conspiracy theorists”, “foreign agents”, or whatever else. That's not to say that there's no such thing as factually unsubstantiated speculation that can legitimately be described as a conspiracy theory or that foreign powers aren't infiltrating society through actual agents and even those of so-called “influence” (the latter of which may not even be conscious of the role that they're playing), but just to point out the techniques used to discredit those who occasionally break through the “deep state's” informational firewall in order to enlighten the masses about what's really going on.

The IoT [Internet of Things] will facilitate the “Fourth Industrial Revolution” (4IR), which will totally transform mankind's economic-industrial relations considering the increased dependence on autonomous systems. This project was already proceeding apace prior to the COVID-19 pandemic, but the virus (again, whether or not one believes it's real, fake, or exaggerated) served as the pretext to accelerate its rollout across the world in the most dramatic way possible via what's now widely regarded as the “Great Reset” (GR).

Regardless of the semantics that one uses, there's also no denying that mankind itself might be somewhat genetically different in this dark future than it presently is as a result of the experimental gene therapies that are being pushed upon hundreds of millions of people under the pretext of serving as vaccines against COVID-19. There are high hopes that mRNA technology might truly achieve miracles like curing cancer if responsibly utilized, but such technology requires many more years of testing before it has a credible chance of changing the world for the better with the lowest amount of risk possible The COVID-19 pandemic has been exploited by Big Pharma in order to test these treatments in real-time on the largest number of people in order to accelerate this technology's development considering the competitive context of the New Cold War.

The other dark reality hidden from the public eye by the “deep state's” perception management operations pertains to the speculative campaign of “depopulation”. There's no denying that there are some influential forces who are in favor of this for ideological (“green”) and “pragmatic” (“overpopulation”) reasons (especially in the context of the unfolding 4IR/GR), but it's unclear whether the ongoing mass vaccination of hundreds of millions of people with experimental mRNA gene therapies is part of this, at least directly. While nobody knows for sure what the affect will be on fertility, it can reasonably be discounted that these treatments are meant to kill off many people in the near future. After all, despite the 4IR/GR, the “deep state” still requires a tax base and some human labor to build the “new economy's” machines. Considering the fact that so many younger people have already been vaccinated, it's unrealistic that they'd kill off their most promising labor pool.

The COVID-19 pandemic ushered in what can be described as World War C, or the full-spectrum paradigm-changing processes catalyzed by the world's uncoordinated attempt to contain the virus (again, whether or not one believes that it's real, fake, or exaggerated). All pre-existing trends are now being accelerated and compressed, including the geopolitical, military, economic-industrial, information-communication, healthcare (genetic engineering), governmental (“socialist/”fascist”), and “green” (“depopulation”) ones. This means that everyone is truly living in an unprecedented era of history whereby literally everything about life as they know it will be completely different within a decade. The very nature of international, economic, civil-state, and even human-to-human relations is transforming at a record pace, with folks either choosing to remain asleep like the “deep state” wants or wake up and peacefully try to stop them if it's even at all still possible to do so.

 

Tweets of the Week:

Joe Biden’s new anti-terrorism initiative classifies “anarchist violent extremists” that “oppose all forms of capitalism, corporate globalization, and governing institutions, which are perceived as harmful to society” as “domestic violent extremists.”


 

Other Fare:

Toni Morrison Hated 'Hamilton' So Much She Funded a Play About Lin-Manuel Miranda

 

 

CaitOz Excerpts of the Week[s]:

 

Learn enough about what’s happening in the world and you realize that most people in your society have worldviews that are completely and utterly wrong. This can seem bold, perhaps even arrogant, but if most people weren’t deluded about the world, the world wouldn’t be so fucked.

And it’s not that people are dumb; intelligence has little to do with it. Some of the most intelligent people on earth promote the same deluded worldviews as everyone else. The problem isn’t intellect, it’s manipulation, and anyone can be manipulated no matter how smart they are. This mass-scale manipulation is the result of wealthy people buying up narrative influence in the form of media, political influence, think tanks, lobbying, NGOs, etc, in conjunction with the mass-scale manipulations of the powerful government agencies which are allied with them.

The powerful work to manipulate the way the general public thinks, acts and votes to ensure that they remain in power. They pay special attention to who the most influential people in our society are, which is why the most prominent voices are so often the most delusional. There are filters in place designed to keep anyone from rising to positions of influence if they don’t support the consensus worldview promoted by the oligarchic empire, and once they do rise to influence they are actively herded into echo chambers which reinforce that worldview.

This is further exacerbated by the fact that the most influential voices in a virulently capitalist society will be those who have profited and benefited from the status quo. Of course they’re going to believe the system is working fine; it treats them like royalty.

This is why you can’t defer to recognized authorities when it comes to understanding your world; the system which selects and installs those authorities is designed to serve the powerful, not to tell the truth. The responsibility for understanding your world is yours, and yours alone.

 

The fact that not one person in the press pool questioned or criticized Biden’s outrageous remarks tells you everything you need to know about the western media and what its real function is. This is further illustrated by the rest of the behavior of these odious propagandists during the summit …. Western news media exists to funnel propaganda into the minds of the public. It is controlled by plutocrats who work in alliance with opaque government agencies to weave narratives about why the US government needs to do the things it had already planned on doing anyway. This gets more obvious by the day.

 

People tell me I should criticize Biden’s policies and not his obvious mental decline, but a very clear sign that the most powerful government on earth is not being run by its elected officials is actually an extremely noteworthy fact that everyone should be talking about. The only face more suitable for the US empire than a sociopathic billionaire is a decrepit warmongering corporate whore with dementia.

 

There is no reason to believe any investigation into the Wuhan lab would not be heavily biased toward a pro-US narrative and used to manufacture international agendas to smash China, and there is every reason to believe it would be.

Have you ever wondered why the people indicted and detained by the International Criminal Court are always from weaker nations—overwhelmingly African—while far more deadly war criminals like George W Bush and Tony Blair walk free? It’s because “international law” only exists to the extent that there’s an international willingness and ability to enforce it, and the US uses its military and economic might to keep the international community mostly aligned with it

 

We see vapid nonsense attracting mountains of public interest every day, so the idea that people have no mental bandwidth for this story doesn’t hold water. While the belief that the UFO narrative looks like some kind of military psyop is widely accepted among the sort of people who’d be likely to read this article (I’ve been saying it for a while now myself), skepticism toward suspicious US government claims is not a very widespread posture for people to hold in the mainstream public. It seems pretty clear to me that the reason there’s not as much public interest in this story as you’d expect is because it doesn’t fit neatly into any of the little boxes that people have been trained to file news into in this society. There’s no partisan angle to it, so it doesn’t appeal to any of the egoic constructs to which the general public tends to hook incendiary news stories. The likelihood of a news story going viral in our society has little to do with its newsworthiness, its unusualness, or even whether or not it is factually accurate. The single most likely factor in whether or not a news story will have mass appeal is whether it appears to validate the worldview of one of the two mainstream political factions.

….. This is why the partisan divide is the most heated and contentious it’s ever been, while the actual behavior of each mainstream party when it’s in power brings in only the most superficial of changes. The oligarchs who own the political/media class desire the continuation of the status quo upon which they have built their empire, but they also want to keep the public as plugged in as possible to the partisan perspectives which facilitate the propaganda that cages our minds.

 

The “Great Reset” is capitalism. Period. It’s capitalism doing the only thing it can ever and will ever do: become more and more corrupt, create more and more inequality, funnel more and more wealth to the ruling class, and get more and more oppressive and exploitative. If you don’t see this, you don’t see any of it.

 

 

Other Excerpts of the Week[s]:

 

Ian Welsh: Hamas aren’t “good” people, but they are freedom fighters defending their people, who suffer under an apartheid system after having been ethnic cleansed out of most of their homeland. They have killed fewer people than Israel, stolen fewer homes and not conquered any countries with a native population and shoved the native population into the dirt. Compared to Israel, or America (Libya, Iraq, Vietnam, nukes, drone murders, rendition, etc, etc…) Hamas is a moral giant. Perhaps they are only saved by their weakness, and would be as evil if they had more power, but they don’t.

 

I have written elsewhere that probably 90%, or even 95%, of everything that you know, or think that you know, or that you believe to be true about history, is wrong. To state another way, if we were to take the history of the entire world for the past 500 years and condense it into a history book of 100 pages, a full 50 of those pages would be blank. That is the extent of the world’s history that has been excised with a vengeance by our International Cabal of Gangsters (ICG) who don’t want you to know. These omissions mostly involve horrendous crimes against humanity committed by Western Imperialists and the ICG. Of the remaining 50 pages, probably 45 are false in whole or in part, photoshopped, whitewashed, sanitised, and with many crucial and vital details omitted to confuse us and lead us in wrong directions and to wrong conclusions.

 

It feels wrong to agree with Trump on anything, nevertheless, in this case he is right. The dollar has already lost 98% of its value over the past 100 years due to the effects of inflation. And yet it's still legal tender and a functioning currency. Bitcoin recently lost 50% of its value in 10 days. It took ten years to reach $1 trillion in market cap, and ten days to lose $1 trillion in market cap.

It's important to remember that the crypto trade is inherently part of the patented Zerohedge fake inflation trade. The strategy of brainwashing useful idiots into buying up your assets so you can sell at a massive profit. You have to wonder how long their base of morons can keep this up.


 

Satirical Fare:

 

Republicans Propose Vaccination-By-Mail Program

 

In Honor Of Pride Month, Biden Announces He Will Also Sniff Men's Hair