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Monday, May 30, 2022

2022-05-30

 *** denotes well-worth reading in full at source (even if excerpted extensively here)

Economic and Market Fare:





So, where did that surge in the money supply come from? Massive government bailout programs sent money directly to households that far exceeded economic activity. With production shutdown, demand dwarfed supply.



...If we assume that homeowners’ equivalent rent, food, gasoline, energy, and healthcare costs all remain at the current elevated rate into 2023, inflation will fall back to 2%. Such is because as we move forward, the inflation index will be calculated against rising index levels. The result will be lower levels of the “inflation rate” even though the cost of goods and services had no change in price.


While that seems confusing, it is just a function of the underlying math.

Evidence Of Disinflation

However, the decline in the inflation rate may be substantially more prominent as the Federal Reserve begins its rate hike campaign and reduction of its balance sheet. Already, higher interest rates are slowing the housing market, and high prices are creating demand destruction. Already, consumer confidence is dropping sharply as expectations for consumers are collapsing. ...

Deflation Likely A Bigger Issue For The Fed

The surge in “artificial inflation,” from the flood of liquidity against a supply shortage, will revert to a disinflationary trend. Debt and demographics will continue to drive deflationary pressures leading to a reversal of the inflation trade. ...



It only took about 6 decades or so. And, in between, there has been denial, fiction, and diversions. But here we are 2022 and work that was explicit in the 1960s is now being recognised by the central bank of the largest economy. In fact, the foundations of this new acceptance goes back to the C19th and was developed by you know who – K. Marx. Then a socialist in the 1940s wrote a path breaking article further building the foundations. And then a group of Marxist economists brought the ideas together as a coherent theory of inflation early 1970s as a counter to the growing Monetarist fiction that inflationary pressures were ultimately the product of irresponsible government policy designed to reduce unemployment below some ‘natural rate’. I am referring here to a Finance and Economics Discussion Series (FEDS) working paper – Who Killed the Phillips Curve? A Murder Mystery – published on May 20, 2022 by the Board of Governors of the US Federal Reserve System. I suppose it is progress but along the way – over those 6 decades – there have been a lot of casualties of the fiction central banks created in denial of these findings...

... going back to 1987, my first contribution to the literature, the framework I was using was exactly the same as the US Federal Reserve economists have now finally decided is the way forward if they want to understand inflationary processes.

In other words, their contribution is just repeating what some progressive (Marxist) economists have been writing about for decades.

But that just means that things are changing for sure.

.... As motivation for their work, the US Federal Reserve authors cite one of their own from 2017 in saying:
The substantive point is that we do not, at present, have a theory of inflation dynamics that works sufficiently well to be of use for the business of real-time monetary policy-making.
In other words, relying on the mainstream approaches – the NAIRU concepts – which came out of the Monetarist takeover of macroeconomics in the late 1960s – have resulted in the ‘experts’ not having a clue about the phenomena they wax lyrical over and, more importantly, make policy about..

To say they do not have a theory of inflation dynamics – that is, a statement of their ignorance – is not a statement that there is no theory of inflation dynamics that more or less captures the evolution of the data.

Effectively, that is what their paper is about – revealing the existence of a workable theory of inflation.

The problem for them is that those who work within a Marxian-Progressive tradition have known about this theory and used it for decades.

And it has been the prejudice and Groupthink of the mainstream that has prevented them from seeing that.

... It is ironic that the US Federal Reserve is now just rehearsing theoretical approaches that were publicised by the Communist Party of Great Britain in the early 1970s.

That is the part I find amusing.

A rejection of the New Keynesian approach

An important aspect of the US Federal Reserve paper is that it effectively rejects the mainstream New Keynesian approach.

The authors write:
In stark contrast to the standard New Keynesian result, we find that non-monetary factors are an important determinant of inflation dynamics. Instead, we show that the process that governs inflation dynamics is intimately related to the distribution of bargaining power between workers and firms.
In other words, inflation is about real economy dynamics rather than central banks ‘printing’ too much money or expectations driving cost pressures.

A rejection of the Volcker myth

They also challenge the claim that the “disinflation since the 1980s was due to Volcker’s monetary policy”, which is part of the mainstream justification for elevating monetary policy to be the primary counter stabilisation macroeconomic policy tool and pushing fiscal policy off to a passive, subjugated role.

They show that it was changes in “bargaining power, and the resulting flattening of the Phillips curve” which reduced “inflation volatility by 87 per cent without any changes in the monetary policy regime”.

In other words, it was not what Volcker did but rather:
… structural changes in the labor market, led to reduced worker bargaining power, and it was those forces which induced the large disinflation. In addition, the consequences of the disinflation may not have been shared equally across economic agents, as workers bore the brunt of economic consequences of the decline in their bargaining power.
And this helps to understand why wages growth is so low

.... None of this really has anything to do with the rise of inflation targetting as the dominant monetary policy strategy.

It has everything to do with the shift in power away from workers to capital as a result of the rise in neoliberal governments, shifting their focus from mediating the class conflict to becoming agents of capital.

... And all this research is additional evidence to support my view that the current inflationary pressures are transient, which, I stress for the thousandth time doesn’t mean they are necessarily short-lived.

The point is that the dynamics the US Federal Reserve authors are referring to are what I call the propagating structures that can respond to an additional inflationary impulse and turn it into a persistent, structural force.

In the 1970s, the price setting powers of workers and firms were such that the inflation that began with the OPEC oil price rises became a self-fulfilling wage-price spiral as the two conflictual forces – labour and capital – fought it out for who would take the real income loss arising from the imported oil price rises.

As the Federal Reserve authors note – that battle ended when the bargaining power of workers fell.

In 2022, there is no wages pressure as the workers have been divided and conquered – unions are weakened, casualisation etc – and so there are just real income losses for workers arising from the cost pressures due to the supply disruptions and the anti-competitive behaviour of OPEC, not to mention the invasion of the Ukraine.

That means that once these supply and other forces dissipate, the inflation will drop away because there will be nothing propelling it further.



The common characteristic of almost all of this work, excepting a few who preoccupied themselves with logical skirmishes with the neoclassical orthodoxy – e.g., the Cambridge-Cambridge controversies over the theory of capital (Robinson, 1956; Sraffa, 1960; Harcourt, 1972), or in microeconomics (Keen, 2011) – is that the protagonists were concerned, in the first place, with the practical questions of policy facing their governments or the international community of which they were a part. Whether reformist or revolutionary, their economics was (and still is) the elucidation of problems and the means of dealing with them. The purpose of economic reasoning is to inform and buttress political and social choices. It is not merely to create a simulation that kinda-sorta emulates some run of economic data.

The useful economist is one who engages in the quest for solutions. A truly useful economist does so in an open-minded, informed way, aware of underlying principles but not hypnotized by them, and independent of financial gain and personal ambitions, whether political or for status and celebrity among economists. The behavior of bankers and speculators, the emissions of factories and transport networks, the withdrawal of critical resources from a finite reserve in the crust of the earth, the level and distribution of wages, profits and rents, fair and effective taxation, how to achieve the willing cooperation of free citizens in pursuit of the common good – all these are part of what a useful economist may study. The person who stands outside and aloof from such questions, who purports merely to “model the system” is, for most purposes, an idler, not so much a scientist as a hobbyist.

....

Economic research as it should be, is therefore a matter of trying to understand how the particular complex system in which we happen to live functions – or malfunctions – at any particular time, and to what sort of forces, pressures and policies it responds. Here one illuminating example is P. Chen’s (2021) demonstration, from real data, that exchange-rate crises “can only be caused by financial oligarchs”. Another was Mandelbrot’s (1999) showing that the movement of capital asset prices is well-modeled by a multifractal generator, hence open to intrinsically unpredictable crashes. Such findings have the property that they are drawn from, or compared directly to, the phenomena of the real-existing economy in such a way as to motivate political and social choices. They do not consist in deriving policy from first principles, nor in exploring the properties of mathematical systems that – however interesting in themselves – map poorly or not at all to the complex economy in which we live. Again, examples of good work can be multiplied; the problem is not that research on the real world is lacking among economists and (especially) physical scientists turning their attention to economic questions. It is rather that such research lacks the standing it deserves, because it cannot be integrated into the dominant theory.


How long can billionaires continue to amass wealth while the world's poorest struggle to buy food?


Either corporate profits are being grossly overstated, the trade deficit is much narrower than implied by customs data, or business investment is being severely undercounted.


....

If correct, it would be bad news on a lot of levels. And it will almost certainly flow through to the benchmark GDP revisions coming later this summer. But unless the trade data are also revised to show higher imports and lower exports, the implication is that domestic purchases of business equipment were even weaker than previously believed. The puzzling gap between the GDP and GDI data would only become more puzzling, unless profits were revised down substantially. 



Charts: 
1:




(not just) for the ESG crowd:

Coastal Cities are Sinking as Sea Levels Rise


ha: might!
maybe depends on: predicted by whom?
but, nonetheless, statement still truly pertains to.. virtually anyone/everyone.. other than a few very rare examples, like McPherson



Other Fare:

As summer begins, US COVID-19 cases six times higher than last year








Contrarian Perspectives

Extra [i.e. Controversial] Fare:

*** denotes well-worth reading in full at source (even if excerpted extensively here)


Regular Fare:


wasn't going to link to this, cuz, y'know, Killary, who cares.. but seeing as Yves says: "
Important. Finally a piece that unpacks the Sussman-Clinton-Steele dossier affair and why it matters."...
Taibbi: Shouldn't Hillary Clinton Be Banned From Twitter Now?
Trial testimony reveals Hillary Clinton personally approved serious election misinformation. Is there an anti-Trump exception to content moderation?


(yeah, the access to very lethal weaponry is a big piece of the puzzle, but the profound sickness of American society...)

Prior to the Covid vaccinations, psychiatric medications were the mass prescribed medication that had the worst risk to benefit ratio on the market.  In addition to rarely providing benefit to patients, there are a wide range of severe complications that commonly result from psychiatric medications.  Likewise, I and many colleagues believe the widespread adoption of psychotropic drugs has distorted the cognition of the demographic of the country which frequently utilizes them (which to some extent stratifies by political orientation) and has created a wide range of detrimental shifts in our society. 

Selective serotonin reuptake inhibitors (SSRIs) have a similar primary mechanism of action to cocaine. SSRIs blocks the reuptake of Serotonin, SNRIs, also commonly prescribed block the reuptake of Serotonin and Norepinephrine (henceforth “SSRI refers to both SSRI and SNRI), and Cocaine blocks the reuptake of Serotonin, Norepinephrine and Dopamine.  SSRIs (and SNRIs) were originally used as anti-depressants, then gradually had their use marketed into other areas and along the way have amassed a massive body count.

...... Oftentimes, “SSRIs cause mass shootings” is treated as just another crazy conspiracy theory. However, much in the same way the claim “COVID Vaccines are NOT safe and effective” is typically written off as conspiracy theory, if you go past these labels and dig into the actual data, an abundantly clear and highly concerning picture emerges.

.....................................

In addition to being extremely damaging, it is very questionable if these drugs have any benefit beyond statistical artifacts created by biased corporate research studies. To illustrate how illusory the benefits are: John Virapen, the pharmaceutical executive largely responsible for bringing these drugs to market, later revealed Prozac was originally intended to treat obesity, but then re-marketed for depression once Eli-Lilly realized that was a more profitable use of the drug.

This then raises the question: how could these drugs have possibly been approved and kept on the market?

In the previous series on the (proven) corruption in the COVID-19 response, I tried to illustrate that the conduct of the federal government was beyond egregious, and that they were following a very similar corrupt playbook that existed long before COVID-19. Both the vaccines and Prozac (and their subsequent iterations) should have never been approved, but they were approved due to an incestuous and meticulously woven web of corruption that went to the very top of the federal government.

The number one goal of the pharmaceutical business is to produce markets for expensive drugs which will be indefinitely taken by the majority of the population. Psychiatric medications and the COVID-19 vaccinations represent two of the most lucrative fulfillments of these business objectives. It is my belief that the extreme potential profit they hold incentivized and enabled their pharmaceutical manufacturers to remove all regulatory obstacles to these drugs entering widespread adoption.



Unsustainability Fare:

Spratt and Dunlop: Climate Dominoes
Tipping Point risks for critical climate systems
Outlines the scientific evidence that critical climate tipping points face grave risks in  Antarctica, the Arctic, Greenland Ice Sheet, Amazon rainforest and for coral reefs.


It's time to source necessities locally

Red sent this article, The Complexity Trap, from The Consciousness Of Sheep blog. It explains the fundamentals of energy economy, which were well described in the early 1930s. It explains the depletion of high quality coal, which was part of the cause of the Great Depression and WW-2, and its replacement with oil, an even denser and more versatile fuel. There is no such replacement this time, as we have used up most of the easy-oil, and what's left is expensive to extract, so take-it-at-that-price or walk away on foot. 

We don't have an economic model for a contracting economy, as all inputs become more scarce and expensive. (Hold my beer. Watch this!)

​Several decades ago, sociologist Joseph Tainter observed that collapsing civilisations have a habit of unconsciously entering into complexity traps, adding energy-intensive complexity in a desperate attempt to sustain themselves.  Our turn to energy-intensive automation in an attempt to overcome our growing woes and to maintain economic growth is likely repeating the same folly.  The difference – at least for those who see the economy as primarily an energy rather than a monetary system – is that we have the necessary knowledge to avoid our complexity trap if only we are prepared to actively simplify away from an economy based on mass consumption in favour of one based around material simplicity


Why updating the way we look at the world is so critical now, and so hard, and how we can get better at doing it.



COVID Fare:

I've continued to come across too much excellent COVID-related content (with contrarian evidence-based points-of-view!!) to link to it all
Read everything by eugyppiusel gato maloMathew CrawfordSteve KirschJessica Rose!
Paul AlexanderBerensonChudovLyons-WeilerToby Rogers are also go-to mainstays; a list to which I have added Andreas OehlerJoey Smalley (aka Metatron) and, Julius Ruechel; Denninger worth staying on top of too for his insights, and especially his colorful language; and Norman FentonMarc Girardot; plus Walter Chesnut (on twitter); new additions: Sheldon Yakiwchuk and Aaron Kheriarty, plus, A Midwestern Doctor; I will of course continue to post links to key Peter McCullough material, and Geert Vanden Bossche, and Robert Malone, and Martin Kulldorff, and Jay Bhattacharya, and
 Sucharit Bhakdi, and Pierre Kory, and Harvey Risch, and Michael Yeadon, and John Ioannidis, and Paul Marik, and Tess Lawrie, and Zelenko, and Dolores Cahill, and [local prof] Byram Bridle, and Ryan Cole, and…
but going forward, my linking to material by those mainstays mentioned above will be reduced to key excerpts and/or essential posts


not that David Rosenberg:
Research suggests that vaccination against COVID via mRNA vaccines may reduce body's ability to produce key type of antibody.


Fatal refractory cardiac arrest as presentation of systemic amyloidosis

..... This is where we must pause and fully understand the disease. It is NOT that there are AMYLOIDS. IT IS THAT THERE IS FIBRIL FORMATION! So, please do not think for a second that just because the Spike Protein is not, by definition, an AMYLOID, it is not FUNCTIONING AS AN AMYLOID!

The usual age of onset has been reported to be in the fifth and sixth decade of life. Symptoms manifest through various organ systems including autonomic neuropathy associated with postural hypotension, syncope, arrhythmias, fatigue, cachexia, pleural effusion, dyspnea, nephrotic syndrome, macroglossia, and telangiectasia.

Are those symptoms not Long COVID?

Just as doctors cannot “find anything wrong” in those with Long COVID, cardiac, pulmonary, and ENT examination and evaluations were unremarkable in the referenced patients that died. FURTHERMORE, physical examinations and vital signs were within normal limits. Laboratory results were also normal.

Perhaps the most important discovery in the referenced case studies? Autopsies were notable for diffuse systemic amyloidosis.

AND THIS IS THE POINT! DIFFUSE SPIKE PROTEIN DEPOSITION IS SYNONYMOUS WITH DIFFUSE SYSTEMIC AMYLOIDOSIS! THE DAMAGE IN BOTH CASES IS FACILITATED BY THE FORMATION OF FIBRILS!


Ghost ectoplasm, not cellular

Introduction
All-cause excess deaths analysis detailed in C19 “vaccine” - the cause of causes clearly shows respiratory-involved deaths dominated 2020 and circulatory-system-involved deaths dominated 2021.  The difference between years is stark.  If covid killed many in 2020, then what killed many in 2021?  Covid didn’t suddenly change from a respiratory virus to a blood system virus.

In this article, cancer-involved deaths are explored. 

............
.....
At this point, the numbers are so disgustingly high that further commentary is left to the readers.  There are many hypotheses to be made from these numbers, but there’s one sure thing happening.  People are dying in great numbers with many types of cancers that have either been accelerated or seeded by “something” that happened in 2020 or 2021.

.................
.....
Comments
In the top right graph, notice that the first two bumps align with covid’s first wave, which was mid-March through mid-June, 2020.  These were likely people perhaps weakened by cancer and taken by covid.
  • From the end of May 2020 through September 2020 there was not much excess death, which aligns with covid itself.
  • From the fall of 2020 through January 2021, there appears to be excess deaths involving C795.  Again, this aligns with a covid wave, which was quite diminished compared to spring, but perhaps would have taken those immunocompromised from cancer treatment.
  • C19 “vaccines” were administered en masse in care homes, immunocompromised, and ≥65yo from December 2020 through mid-February 2021.  The age group under scrutiny here would have likely had their second doses in early to mid-March.
  • Knowing that “booster” shots were given to this age group in August, September, and October, the November and December deaths involving C795 are also concerning.
The issue to ponder is whether bone marrow cancer could have been seeded and grown to a point of death in only 3 to 4 months to meet that big May peek seen in the upper left graph.  Acceleration of existing cancers is also being considered by many scientists and physicians.  Later in this article, the timeline and growth rate of a case will be in vivo shown in pictures. Five months is indeed enough time to seed and grow massive tumors.  Given the new phenomenon occurring in 2021 with accelerated cancer growth rate, the significant peak above can most assuredly be considered for causal attribution to the C19 “vaccine”.

......
...
SUMMARY
Despite the inability to create perfect causal attribution across time, ages, “vaccination” delivery to arms, and type of cause (actual, proximate, root, contributory, intervening, superseding, concurrent et al), the evidence herein depicted is compelling to a high standard of plausibility and probability.

Knowing the increase in short term circulatory system involved deaths in 2021, the year of the “vaccine”, and knowing the increase in acute renal failure involved deaths in 2021, and now knowing the increase in cancer involved deaths in late 2021, why have not our governments investigated these public health emergencies? Worse than that, why have they purposely and knowingly avoided any research into these easily found statistics? The administration of these C19 “vaccines” has become absurdly criminal as pharmaceutical corporations and government agents know these issues exist, look away from them, cover them up by listing other causes such as C19 itself, and act recklessly with the lives of The People.


Commentary:


Poor old Papa Franny. He doesn’t look too happy in this picture. He’s been pontificating again. Technically speaking he’s probably the only person in the world who can, but why on earth should anyone listen to him when he talks of science, or facts? He’s probably got a decent take on superstition, though, being the head of a religion. I mean, someone who thinks you can mumble a few words and magically transform a bit of bread probably shouldn’t be trying to lecture us about superstition.

..... There are some interesting parallels between religion and science - and perhaps even more interesting ones between religion and The Science™. Science has always had its priests and cardinals - the experts who can interpret things better than mere ordinary mortals. Newton, Gauss, Einstein, Noether, Dirac, Feynman - and a fair few others - can rightly be viewed as ‘cardinals’ with access to knowledge and ways of thinking unimaginable to the vast majority of us.

Science is not a democracy, and never has been. Even though I am a scientist (mostly retired now) I do not have as much right to a scientific opinion as a Witten or a Mermin. I just don’t. Doesn’t mean they’re always going to be right - but if I disagree with something they say about science the sensible bet would be to put your money on them.

.... Take masks, for example. It seems bloody obvious to me that they’re going to be about as much use as a one-legged man at an arse-kicking contest in preventing the spread of covid. But so many very capable scientists just fell into line when the ‘science’ changed in 2020. There still isn’t any good evidence to suggest they are effective - even minimally.

The one ‘pro-mask’ study that you’ll see splashed about is the Bangladesh mask study. But that was a complete farce. How do you trust any study that has a difference in effectiveness between red/purple cloth masks that is about the same size as the claimed difference in effectiveness for mask/no-mask? There are many problems with the Bangladesh study, but this single fact, alone, would make me go “Oops” if I’d been involved in the study. I’d know at that point there was something very deeply flawed in the methodology employed.

Actually my response would be more on the lines of “oh crap, we’ve really screwed this up. If you’re going to publish this shit - take my name off it”

... Somewhat unlikely that this will be in any way significant, if it exists at all, because by far and way the biggest factor is the fluid mechanics of breath and breathing - the air has to get in and out - and it’s not really through the mask, but around it.

When you’re breathing through a mask, like a properly fitted N95 for example, then analogies like mosquitos and chain-link fences become apposite - and there’s no good evidence that N95 masks work either.

But I digress. The point is that beliefs, with very little evidence to back them up, became widespread. Look at just some of the things we were asked to believe ...

... Not a single one of these things had any good evidence to back them up. Not one. That evidence is still non-existent. We were asked to believe a shopping list of measures and things about the virus - all of which were not supported by evidence.

Papa Franny must be salivating at how it is possible, in this day and age, to get so many people to believe absurd crap with no supporting evidence. It’s almost a Pontiff’s wet dream (are they allowed to have those?) - getting that many people to have faith.

And this is before we get to the extraordinary faith people placed in the vaccines. ...



“Vaccines are safe and effective” has been the ongoing irrational mantra of the past two years, recycled from the last two decades of pushing children’s vaccination programs. It’s more than a failed hypothesis—the mantra has become dogma, a belief system that prevents people from getting the help they need for their jab-induced spike injuries or for those of their loved ones. MIT scientist Stephanie Seneff and naturopathic oncologist Greg Nigh’s paper, “Worse than the Disease” describes in detail the unintended consequences of the jabs against COVID-19, including catastrophic adverse events such as the destruction of the immune system.

Prominent immunologists, vaccinologists, and researchers from every clinical expertise are now providing evidence to support COVID-19 mRNA injectable products are causing immune system dysregulation. Explaining the complicated mechanism of jab-induced spike injury to the general public is not an easy task when governments still list vaccination as the number one way out of the pandemic while a deluge of campaigns are out to discredit doctors and scientists who want to recognize and help those who have been injured. With such little support from the establishment, and almost a black market for real medical guidance on jab-induced spike injury methods, people are desperate to know—how can the injured heal?

Before getting started on healing, one must first know a few key things about the spike protein’s unnatural injection into the body’s immune system. Most doctors and scientists understand the power and complexity of the immune system. The immune response is divided into innate immunity, the enormously effective biology we were born with, and adaptive immunity, which acquires training following exposure to pathogens. The innate system fights against foreign bodies, injuries, and pathogens by using natural bacteria-killing substances, skin protection on the outside, mucus membrane protection on the inside, and the first responders: scavenger cells or natural killers. The body is already wired to take on whatever intruder tries to break in. They have the intelligence to know which invaders belong in the body, and which ones are out to cause trouble. ...



Tweets & Quotes of the Week:

Naomi WolfI’ve been silent for some weeks. Forgive me. The truth is: I’ve been rendered almost speechless — or the literary equivalent of that — because recently I’ve had the unenviable task of trying to announce to the world that indeed, a genocide — or what I’ve called, clumsily but urgently, a “baby die-off” — is underway.



CO-VIDs of the Week:

...


Anecdotal Fare:

Marsha was selected to be one of the first people at UCSD to receive the COVID vaccine. Today, she is one of the most severely vaccine injured people on Earth and nobody wants to help her recover.



COVID Corporatocracy Fare:

It's Really True: They Know they are Killing the Babies

... The WarRoom/DailyClout Pfizer Documents Research Volunteers, a group of 3000 highly credentialed doctors, RNs, biostatisticians, medical fraud investigators, lab clinicians and research scientists, have been turning out report after report, as you may know, to tell the world what is in the 55,000 internal Pfizer documents which the FDA had asked a court to keep under wraps for 75 years. By court order, these documents were forcibly disclosed. And our experts are serving humanity by reading through these documents and explaining them in lay terms. You can find all of the Volunteers’ reports on DailyClout.io.

The lies revealed are stunning.

The WarRoom/DailyClout Volunteers have confirmed: that Pfizer (and thus the FDA) knew by December 2020 that the MRNA vaccines did not work — that they “waned in efficacy” and presented “vaccine failure.” One side effect of getting vaccinated, as they knew by one month after the mass 2020 rollout, was “COVID.”

Pfizer knew in May of 2021 that 35 minors’ hearts had been damaged a week after MRNA injection — but the FDA rolled out the EUA for teens a month later anyway, and parents did not get a press release from the US government about heart harms til August of 2021, after thousands of teens were vaccinated. [https://dailyclout.io/pfizer-vaccine-fda-fails-to-mention-risk-of-heart-damage-in-teens/]

Pfizer (and thus the FDA; many of the documents say “FDA: CONFIDENTIAL” at the lower boundary) knew that, contrary to what the highly paid spokesmodels and bought-off physicians were assuring people, the MRNA, spike protein and lipid nanoparticles did not stay in the injection site in the deltoid, but rather went, within 48 hours, into the bloodstream, from there to lodge in the liver, spleen, adrenals, lymph nodes, and, if you are a woman, in the ovaries. [https://dailyclout.io/internal-pfizer-documents-prove-knowledge-that-lipid-nanoparticles-in-mice-subjects-do-not-remain-in-muscle-but-were-shown-to-be-rapidly-distributed-in-the-blood-to-the-liver/]

Pfizer (and thus the FDA) knew that the Moderna vaccine had 100 mcg of MRNA, lipid nanoparticles and spike protein, which was more than three times the 30 mcg of the adult Pfizer dose; the company’s internal documents show a higher rate of adverse events with the 100 mcg dose, so they stopped experimenting with that amount internally due to its “reactogenicity” — Pfizer’s words — but no one told all of the millions of Americans who all got the first and second 100 mcg Moderna dose, and the boosters.

Pfizer skewed the trial subjects so that almost three quarters were female — a gender that is less prone to cardiac damage. Pfizer lost the records of what became of hundreds of their trial subjects.

In the internal trials, there were over 42,000 adverse events and more than 1200 people died. Four of the people who died, died on the day they were injected.

Adverse events tallied up in the internal Pfizer documents are completely different from those reported on the CDC website or announced by corrupted physicians and medical organizations and hospitals. These include vast columns of joint pain, muscle pain (myalgia), masses of neurological effects include MS, Guillain Barre and Bell’s Palsy, encephaly, every iteration possible of blood clotting, thrombocytopenia at scale, strokes, hemorrhages, and many kinds of ruptures of membranes throughout the human body. The side effects about which Pfizer and the FDA knew but you did not, include blistering problems, rashes, shingles, and herpetic conditions (indeed, a range of blistering conditions oddly foreshadowing the symptoms of monkeypox).

The internal documents show that Pfizer (and thus the FDA) knew that angry red welts or hives were a common reaction to the PEG, a petroleum-derived allergen in the vaccine ingredients — one that you are certainly not supposed to ingest. Indeed, PEG is an allergen so severe that many people can go into anaphylactic shock if they are exposed to it. But people with a PEG allergy were not warned away from the vaccines or even carefully watched by their doctors, EpiPen in hand. They were left to their shock.

Pfizer knew that “exposure” to the vaccine was defined — in their own words - as sexual contact (especially at time of conception), skin contact, inhalation or lactation. [https://dailyclout.io/vaccine-shedding-can-this-be-real-after-all/]. ‘Fact-checkers’ can deny this all they want. The documents speak for themselves.

Of course, people who have tried to raise any of these issues have been deplatformed, scolded by the President, called insane, and roundly punished.

Athletes and college students and teenagers are collapsing on football and soccer fields. Doctors wring their hands and express mystification. But BioNTech’s SEC filing shows a fact about which the CDC and the AMA breathe not a word: fainting so violently that you may hurt yourself is one of the side effects important enough for BioNTech to highlight to the SEC.

But not to highlight to you and me. ...



Back to Non-Pandemic Fare:

GeoPolitical Fare:


Evidence shows that Russia’s special military operation (SMO) in Ukraine is a legally justified, critically necessary, and predictable response to the US’ recent escalation of its decades-long aggression against Russia in Ukraine–militarily, in the international corporate media, in cyberspace, and in the political-economic arena.  The US’ hostile actions against Russia were summarized in a 2019 US-Army funded RAND Corporation blueprint for “Over Extending and Unbalancing Russia.”  Underlying US actions is its aim is to dismember and asset-strip Russia–to appropriate its coveted oil, gas, and mineral resources and vast agricultural lands–and to enable US investors’ access to Russia’s economy. This is a step towards the US’ overarching goals of controlling Central Asia and achieving full spectrum dominance or global hegemony. Although the US war against Russia in Ukraine started years ago, US aggression escalated under the Biden administration and created conditions that posed an immediate existential threat to Russia and necessitated its military response.

In 2014, the US initiated a proxy war against Russia by engineering the violent overthrow of Ukraine’s democratically-elected president. This ignited a bloody civil war on Russia’s border in which the US-installed and US-armed Kiev regime attacked the eastern provinces of Luhansk and Donetsk whose largely ethnically Russian residents opposed the US coup. The Organization for Security and Co-operation in Europe (OSCE) documented the Kiev regime’s attacks that killed thousands of civilians and terrorized the populace. In 2015, the US-installed then-president, Petro Poroshenko, publicly articulated Kiev’s anti-Russia stance and its policy for the Donbass:

“We will have jobs—they will not. We will have pensions—they will not. [….] Our children will go to schools and kindergartens—theirs will hide in the basements.”  ...



Colonel Richard Black has been one of the few former high-ranking military officers or government officials to speak out against U.S. military intervention in places like Syria and Ukraine. He is extremely concerned about the prospects of nuclear war breaking out and appalled at the callousness in which some government officials talk about a nuclear first strike.

... He warns that we’re now “at a 1914 moment [year when World War I broke out].”



..... By conservative estimates, between 755,000 to 786,000 people have died directly from combat in Afghanistan, Iraq, Syria, Pakistan, and Yemen since US led conflicts began there, largely civilians. In Libya, where tens of thousands were killed, the country has been ruined by a decade of civil war. Total estimates of deaths from American-led conflicts over the last quarter century begin far higher, from 3 million to as high as 12 million, due to the catastrophic impacts of medical, nutritional and infrastructural breakdown.

This staggering destruction belies the pretension that these wars of aggression were based on anything remotely resembling a moral purpose.

It is no secret that war has at its base more fundamental economic and geopolitical causes.

Why would it be the case that in the United States—a land where everything revolves around money—war, one of the country’s greatest exports, would be an exception? 

..... Controlling raw materials is not crudely about a country hoarding resources for its own use. It is equally, if not more so, about ensuring that key commodities and markets remain in the hands of an alliance of imperialist powers led, in today’s world, by the United States. 

..... Among the fifty critical minerals cited by the US government, what is remarkable is that barely any of them are primarily produced within the United States. Due to a mixture of geology and economics, the US only produces the majority of its supply for five out of the fifty minerals on the list. Twenty-nine of the fifty minerals are 100 percent imported, and forty are 75 percent or more imported.

This reliance of the US on foreign supplies of critical minerals has been a source of deepening worry within the American ruling class, especially as it prepares for a military confrontation with China.

..... In March 2021, outgoing head of the US Indo-Pacific Command, Admiral Phil Davidson, warned of the potential for war with China within six years. Just a few months later, in November, General Milley, now Chairman of the Joint Chiefs of Staff, stated that a war could even occur within the next two years.

It does not take much imagination to consider how a war, directly comprising 40 percent of the world’s economy and almost two billion people, could quickly unravel into a third world war of catastrophic proportions. ...



.... the portrait of the Ukraine President as a democratic paragon whitewashes the real Zelensky and conceals a vast web of corruption and international skullduggery of which Ukraine is situated in the centre. Understanding the real Zelensky, requires seeing him as a creation of Ukrainian oligarch Ihor Kolomoisky. He is, in truth, a puppet of intrigue. ..


Russian MoD: Briefing on the results of the analysis of documents related to the military biological activities of the United States on the territory of Ukraine

..... The question arises: Why did the US and Ukraine’s reporting documents to the UN not include work under the joint military-biological projects codenamed UP? Such secrecy is another reason to think about the true goals of the Pentagon in Ukraine.

The official documents before you confirm that the Pentagon, represented by the US Defense Threat Reduction Agency (DTRA), is organising work with a clear military-biological focus. ...



..... The dishonesty of these claims and the predatory ambitions they are meant to conceal are demonstrated by examining, as this series has done, the far-right Ukrainian political forces Canadian imperialism has collaborated with and promoted over the past eight decades. ...







Orwellian Fare:

******** Ehret: 
CSIS and the Round Table Origins of the Five Eyes


To properly answer this with a full appreciation into the historic forces at play, it is vital to jump back in time to the founder of the Rhodes Scholar program that birthed the Chrystia Freeland phenomenon in our modern age (Freeland after all a leading Rhodes Scholar and it would do us well to fully understand what that means). This exercise will take us to Cecil Rhodes, Governor of Rhodesia, father of systemic colonial rape of Africa and all around degenerate.

Here we shall find ourselves looking at this degenerate’s 1877 will and testament. It was here that the self-described “race patriot” and “priest of the Church of the British Empire” called for a re-organization of the decaying empire when he said:

“Why should we not form a secret society with but one object the furtherance of the British Empire and the bringing of the whole uncivilised world under British rule, for the recovery of the United States, and for the making the Anglo-Saxon race but one Empire…”

Upon Rhodes’ 1902 death, his will served as a manifesto or “guiding spirit” underlying the formation of the deep state and later Five Eyes throughout the 20th century. Rhodes’ followers and upper level financiers of London like Lord Nathaniel Rothschild and Lord Milner established a scholarship in his name to indoctrinate talented youth from around the world in the halls of Oxford in order to be redeployed back into their home countries in order to infiltrate all branches of influence public and private with a focus upon departments of Foreign Affairs.

..... In America, a decade of assassinations as well as blatant CIA-run coups abroad resulted in a popular indignation and demand for justice resulting in the famous Church Committee hearings on CIA abuses. In response to this exposure, upper level Deep State assets like Sir Henry Kissinger, Cyrus Vance and Zbigniew Brzezinski conducted two purges of the CIA (1970 and 1978), abolished what little remained of the Board of National Estimates in 1973 and moved many of the CIA’s international covert operations to a new organization which came to be known as the National Endowment for Democracy as outlined in my previous article on the subject.

.... The natural righteous indignation felt by the masses petered away under a culture of consumerism, cynicism and conformism resulting in a slide into decay which no patriot of FDR’s generation could have imagined possible. 

... With the belief that the causes of injustices could either not be understood, or were supposed to be intrinsic to the human species, the population went to sleep and dream walked into the New World Order.

Those core moral principles which leaders like John Kennedy or Martin Luther King fought to awaken in the nation were rejected by the majority of baby boomers as mere naïve fantasy with no connection to “reality” as they were told it to be. But sadly, without core principles, post-truth liberalism found fertile soil to spread its roots. It is this post-truth order which serves as foundation of today’s liberal order which Davos creatures within the Anglo-Canadian establishment have chosen to champion on behalf of those forces and heirs of Rhodes’ vision who wish to become the lords of a uni-polar world. ...



CaitOz Fare:

Ten Times Empire Managers Showed Us That They Want To Control Our Thoughts

.... To be clear, I am not talking about some kind of wacky unsubstantiated conspiracy theory here. I am talking about a conspiracy fact. That we are propagandized by people with authority over us is not seriously in dispute by any well-informed good faith actor and has been extensively described and documented for many years.



It’s so important that the public have no real say in US politics that the empire not only set up two oligarchic puppet parties which pretend to oppose each other, but also set up fake populist movements within each of those factions which pretend to be fighting the establishment within those parties.

It’s a very clever illusion that sucks up almost all real opposition. If you don’t fall for the first kayfabe conflict and realize the game is rigged for the powerful, you can still end up buying into the fake populist movements set up to oppose them. I fell for them both early on in this commentary gig. But after a while of watching what they do (as opposed to just listening to what they say) and seeing where they actually stand and fight or refuse to fight, you see it’s all an Inception-level fakery. The opposition is controlled, and so is the opposition to the opposition.

It’s like when you dream you’re waking up from a dream but you’re actually in another dream; you awaken from the liberals-vs-conservatives puppet show and then turn to the fake progressive Democrats or the bullshit MAGA camp as a solution, but you’re still asleep.


Ever since the school shooting in Texas we’ve been watching an entire country learn that it’s not actually cops’ job to save anyone or risk any danger and the only reason they assumed otherwise was because of movies and TV shows.


Idea for an action movie: The Rock needs to rescue his kid from an elementary school where there’s an active shooter, but first he needs to fight his way through an army of cops trying to stop him.


Friendly reminder that for a fraction of the cost of funding a world-threatening proxy war against Russia the US could simply have protected Zelensky from the neo-Nazi militias who were threatening to lynch him if he tried to make peace with Russia and prevented this entire war.


I honestly don’t understand how anyone can stay abreast of the day-to-day depravity of the oligarchic empire without a daily practice geared toward inner peace. Things are so insane and confusing and only getting more so; you’ve got to have a regular discipline to form stability.

Meditation, self-enquiry, healing and energy practices, whatever gets you there, but surely you’ve got to have something before you can stare into the face of the beast continuously without going mad. I can’t imagine looking at this thing every day without any kind of a practice.


Other Quotes of the Week:


Kunstler: The World Economic Forum (WEF), a.k.a. the Davos Gang, held its 2022 schmoozefest in that tidy Swiss alpine village last week, after a nearly three-year hiatus on account of the coronavirus pandemic they generously arranged for the rest of us. These are the self-defined leaders of the Great Re-set — Klaus Schwab, Bill Gates, and Klaus’s scaly majordomo, Dr. Yuval Noah Harari, the inverse reincarnation of Adolf Eichmann, famous for declaring that “humans are hackable animals.” Did he mean, like, with a meat cleaver?


The humanist project is at a dangerous crossroads. I fear that our cohesion as fellow humanists is being torn apart by a strain of identitarianism that is making enemies of long-standing friends and opponents of natural allies.

....... Not only does the truth suffer under this assault on common sense, but we start to live in a Harrison Bergeron world where one’s natural skills are necessarily sacrificed on the altar of equality or, in today’s parlance, equity.



... What are the main conclusions? Our analysis confirms that there is a strong and positive correlation between socio-political complexity (SPC) and moralizing supernatural punishment (MSP). However, this correlation arises not because there are causal effects in any direction (that is, either SPC is an evolutionary driver for MSP, or MSP drives SPC, or both), but because both variables respond to a similar set of other evolutionary forces (namely, agriculture and warfare). Thus, the correlation between SPC and MSP is not causal, but “spurious.” This amounts to a decisive rejection of the Big Gods theory (in all its variants).



Pics of the Week:





Saturday, May 28, 2022

Critical Thinking (is difficult)

Why some of the smartest people can be so very stupid

A few years before he died in exile from Nazism, the Austrian novelist Robert Musil delivered a lecture in Vienna, ‘On Stupidity’ (1937). At its heart was the idea that stupidity was not mere ‘dumbness’, not a brute lack of processing power. Dumbness, for Musil, was ‘straightforward’, indeed almost ‘honourable’. Stupidity was something very different and much more dangerous: dangerous precisely because some of the smartest people, the least dumb, were often the most stupid.

Musil’s lecture bequeaths us an important set of questions. What exactly is stupidity? How does it relate to morality: can you be morally good and stupid, for example? How does it relate to vice: is stupidity a kind of prejudice, perhaps? And why is it so domain-specific: why are people often stupid in one area and insightful in another? Musil’s own answer, which centered around pretentiousness, is too focused on the dilettantism of interwar Vienna to serve us now. But his questions, and his intuition about stupidity’s danger, are as relevant as ever.

Stupidity is a very specific cognitive failing. Crudely put, it occurs when you don’t have the right conceptual tools for the job. The result is an inability to make sense of what is happening and a resulting tendency to force phenomena into crude, distorting pigeonholes.

This is easiest to introduce with a tragic case. British high command during the First World War frequently understood trench warfare using concepts and strategies from the cavalry battles of their youth. As one of Field Marshal Douglas Haig’s subordinates later remarked, they thought of the trenches as ‘mobile operations at the halt’: ie, as fluid battle lines with the simple caveat that nothing in fact budged for years. Unsurprisingly, this did not serve them well in formulating a strategy: they were hampered, beyond the shortage of material resources, by a kind of ‘conceptual obsolescence’, a failure to update their cognitive tools to fit the task in hand.

Stupidity will often arise in cases like this, when an outdated conceptual framework is forced into service, mangling the user’s grip on some new phenomenon. It is important to distinguish this from mere error. We make mistakes for all kinds of reasons. Stupidity is rather one specific and stubborn cause of error. Historically, philosophers have worried a great deal about the irrationality of not taking the available means to my goals: Tom wants to get fit, yet his running shoes are quietly gathering dust. The stock solution to Tom’s quandary is simple willpower. Stupidity is very different from this. It is rather a lack of the necessary means, a lack of the necessary intellectual equipment. Combatting it will typically require not brute willpower but the construction of a new way of seeing our self and our world.

Such stupidity is perfectly compatible with intelligence: Haig was by any standard a smart man. Indeed, in at least some cases, intelligence actively abets stupidity by allowing pernicious rationalisation: when Harry Houdini, the great illusionist, took Arthur Conan Doyle, the inventor of Sherlock Holmes, through the tricks underlying the seances in which Conan Doyle devoutly believed, the author’s reaction was to concoct a ludicrously elaborate counter-explanation as to why it was precisely the true mediums who would appear to be frauds.

While I have introduced it via ‘conceptual obsolescence’, stupidity is also compatible with a kind of misguided innovation. Consider a country that excitedly imports new conceptual tools not from a past time but from a very different place. Global debates over social justice, for example, are now dominated by a set of ideas and terms taken from the United States, a nation marked by an incredibly specific historical and cultural trajectory. Simply transferring that framework to other countries, such as those in which class is less starkly racialised (for example, states reliant on exploiting white migrant labour from eastern Europe), or in which it is racialised in much more complex ways (for example, states such as South Africa) is conceptually and socially risky.

Stupidity has two features that make it particularly dangerous when compared with other vices. First, unlike character flaws, stupidity is primarily a property of groups or traditions, not individuals: after all, we get most of our concepts, our mental tools, from the society we are raised in. Suppose the problem with Haig had been laziness: there was no shortage of energetic generals to replace him. But if Haig worked himself to the bone within the intellectual prison of the 19th-century military tradition, then solving the difficulty becomes harder: you will need to introduce a new conceptual framework and establish a sense of identity and military pride for it. Once stupidity has taken hold of a group or society, it is thus particularly hard to eradicate – inventing, distributing and normalising new concepts is tough work.

Second, stupidity begets more stupidity due to a profound ambiguity in its nature. If stupidity is a matter of the wrong tools for the job, whether an action is stupid will depend on what the job is; just as a hammer is perfect for some tasks and wrong for others. Take politics, where stupidity is particularly catching: a stupid slogan chimes with a stupid voter, it mirrors the way they see the world. The result is that stupidity can, ironically, be extremely effective in the right environment: a kind of incapacity is in effect being selected for. It is vital to separate this point from familiar and condescending claims about how dumb or uneducated the ‘other side’ are: stupidity is compatible with high educational achievement, and it is more the property of a political culture than of the individuals in it, needing to be tackled at that level.

Musil’s indulgent, almost patrician, attitude to ‘honourable’ dumbness was certainly dangerously complacent: consider its role in the anti-vax phenomenon. But dumbness alone is rarely the driving threat: at the head of almost every dumb movement, you will find the stupid in charge.

We can now explain why stupidity is so domain-specific, why someone can be so smart in one area, and such an idiot in another: the relevant concepts are often domain-specific. Furthermore, we can see that there will be many cases that aren’t fully fledged stupidity but that mimic its effects. Imagine someone who had been blind to all evidence that they were being cheated on finally asking themselves ‘How could you be so stupid?’ Here the problem is not pure stupidity: the concept of a cheat is common enough. What we have here is rather someone ‘acting as if they were stupid’. It’s not just that they failed to apply the concept of betrayal, but that they literally didn’t think of it: it was effectively ‘offline’, due to emotional and other pressures. In this kind of case, agents possess the necessary intellectual tools but unwittingly lock them away. This marks an important contrast with dumbness – we can make ourselves stupid, but we don’t make ourselves dumb.

So stupidity is tough to fix. This is exacerbated by the way it dovetails with other vices: stubbornness stops me from revisiting my concepts even as they fail me. But once we understand stupidity’s nature, things are a little brighter than they might seem. To view political opponents as primarily cynical transforms them into Machiavellian monsters, leaving no space for anything but a zero-sum battle for domination. To view political opponents as primarily dumb is to suggest an irreparable flaw – one that, in our deeply hierarchical society, we often project on to those without the ‘right’ educational credentials. Both moves also offer a certain false reassurance: with a bit of reflection, we can be fairly sure that we are not cynical and, with the right credentials, we can prove that we are not dumb. But we might well, nevertheless, be caught in the net of stupidity. If history is anything to go by, a few hundred years from now, our descendants will find at least one part of contemporary morality almost unintelligible – ‘How could decent people ever have believed that?’ If they are not to condemn us as evil, they might well have to conclude that we were stupid.




Here’s a simple arithmetic question: A bat and ball cost a dollar and ten cents. The bat costs a dollar more than the ball. How much does the ball cost?

The vast majority of people respond quickly and confidently, insisting the ball costs ten cents. This answer is both obvious and wrong. (The correct answer is five cents for the ball and a dollar and five cents for the bat.)

For more than five decades, Daniel Kahneman, a Nobel Laureate and professor of psychology at Princeton, has been asking questions like this and analyzing our answers. His disarmingly simple experiments have profoundly changed the way we think about thinking. While philosophers, economists, and social scientists had assumed for centuries that human beings are rational agents—reason was our Promethean gift—Kahneman, the late Amos Tversky, and others, including Shane Frederick (who developed the bat-and-ball question), demonstrated that we’re not nearly as rational as we like to believe.

When people face an uncertain situation, they don’t carefully evaluate the information or look up relevant statistics. Instead, their decisions depend on a long list of mental shortcuts, which often lead them to make foolish decisions. These shortcuts aren’t a faster way of doing the math; they’re a way of skipping the math altogether. Asked about the bat and the ball, we forget our arithmetic lessons and instead default to the answer that requires the least mental effort. ........


























my personal short list of examples of people who are likely very smart and yet who are incredibly stupid:
Ted Nordhaus
Stephen Pinker
Francis Fukuyama
Robert Kagan
Chrystia Freeland
Karl Rove
Steve Bannon
David Frum
Kenneth Rogoff
Ben Bernanke
Janet Yellen
Michael Mann
Katharine Hayhoe
Eric Topol
Tomas Pueyo
Yaneer Bar Yam
Yuval Noah Harari
Christopher Hitchens


is this fair? I don' know (yet)
but I want to compile a list of people who are acknowledged by many to have expertise, who sound like experts, and yet who clearly have demonstrated cognitive failings of some significance... and, most significantly, within their field of supposed expertise
to use as case studies


to be contrasted with truly gifted critical thinkers:
Carl Sagan
Meadows and Meadows
George Mobus
Nate Hagens