BOOM as at 19th April 2020

LUC MONTAGNIER

The winner of the Nobel Prize for Medicine in 2008 for discovering the HIV virus has announced that he is convinced that the novel Coronavirus causing the disease Covid-19 is a man made virus emanating from a research laboratory. He said that in order to insert an HIV sequence into the genome of the novel Coronavirus, molecular tools are needed, and that can only be done in a laboratory. He added a good message — that  “Nature does not accept any molecular tinkering, it will eliminate these unnatural changes and even if nothing is done, things will get better, but unfortunately after many deaths.”

If he is correct, then the only questions left are these — which laboratory did this …… or which laboratories did this? Where are those laboratories? And why?

Sources:
https://www.gilmorehealth.com/chinese-coronavirus-is-a-man-made-virus-according-to-luc-montagnier-the-man-who-discovered-hiv/

http://thejewishvoice.com/2020/04/2008-nobel-prize-for-medicine-winning-dr-luc-montagnier-says-covid-19-was-manipulated-for-hiv-research/

ROOSEVELT CARRIER

We now have some reasonably good numbers. From a test series of 4,800 fit, healthy young men on the Roosevelt US aircraft carrier, 600 have tested positive for the new Coronavirus and 60% of those have no symptoms.  None.  One has died. Death rate of positive cases = 0.16 %
These numbers have a similarity to those found on the Diamond Princess where the occupants were almost all elderly and relatively fragile. It held 3,770 passengers (and crew) of which 712 tested positive. There were 12 deaths with 644 fully recovered. Death rate of positive cases = 1.6 %

Why are we (still) locking down all our healthy population below 65 years of age?

https://www.voanews.com/covid-19-pandemic/coronavirus-clue-most-cases-aboard-us-aircraft-carrier-are-symptom-free

THE 2009 EPIDEMIC IN USA — 60 MILLION CASES
NO ECONOMIC SHUTDOWN

Taken straight from the CDC website (US Center for Disease Control) —

“In the spring of 2009, a novel influenza A (H1N1) virus emerged. It was detected first in the United States and spread quickly across the United States and the world. This new H1N1 virus contained a unique combination of influenza genes not previously identified in animals or people. This virus was designated as influenza A (H1N1)pdm09 virus.”

“From April 12, 2009 to April 10, 2010, CDC estimated there were 60.8 million cases, 274,304 hospitalizations, and 12,469 deaths in the United States due to the (H1N1)pdm09 Influenza virus.”

“Additionally, CDC estimated that 151,700-575,400 people worldwide died from (H1N1)pdm09 virus infection during the first year the virus circulated. Globally, 80 percent of (H1N1)pdm09 virus-related deaths were estimated to have occurred in people younger than 65 years of age.”

https://www.cdc.gov/flu/pandemic-resources/2009-h1n1-pandemic.html

THE 1968 PANDEMIC — 1 MILLION DEATHS
NO ECONOMIC SHUTDOWN

Again from the CDC website — “The 1968 pandemic was caused by an influenza A (H3N2) virus. It was first noted in the United States in September 1968. The estimated number of deaths was 1 million worldwide and about 100,000 in the United States. Most excess deaths were in people 65 years and older. The H3N2 virus continues to circulate worldwide as a seasonal influenza A virus.”

https://www.cdc.gov/flu/pandemic-resources/1968-pandemic.html

CHINA TOTAL SOCIAL FINANCING — $1.5 TRILLION

The Chinese release figures every month for their money supply. They are very interesting indeed. BOOM studies them every month.

Over the last 2 months, the Chinese have commanded the equivalent US$ 1.5 Trillion of fresh new money to enter their economy as bank loans and finance for corporate bonds. They don’t have to wait for a line of willing borrowers to appear at their banks. They get on with it.

This means that they understand the difference between sovereign money and credit money far better than the advanced economies of the US, Europe, UK, Japan and Australia. They understand that the supply of both forms of fresh new money is essential for the health of their economy, especially as bank loans are being paid off or defaulted upon every day of the year (reducing the money supply).

None of this could be described as excessive. In 2008/2009, when the world was collapsing into an economic mess after the Great Financial Crisis (caused by large scale banking fraud), they did the same. That had a significant impact on the global recovery.

In the advanced western economies, we have a blind faith in just one form of money, credit money — fresh new money created only as bank loans. This puts our banks in a very strong position indeed as pretty much the only real provider of new money. Of course, this is not strictly true. Cash is sovereign money. But when was the last time you saw a western government telling you to get your hands on more cash (notes and coins) and go out to spend it? In our western “sophisticated” economies, we produce just 3% of our annual money supply as cash. The other 97% has to come from new bank loans granted to willing and “qualified” borrowers.

In the race to win the future, the western advanced economies are running with one leg tied to the other. That’s not a way to win a race. It used to work when our national demographics, social cohesion and innovation were in our favor. But those days are gone.

QB INSIDE THE US — QE OUTSIDE THE US

The Federal Reserve must switch its strategy if the US wants to maintain the US Dollar as the dominant “reserve” currency. It must push fresh new sovereign dollars into its real economy (via QB) and more fresh new credit dollars into the offshore, international financial economy (the Eurodollar mediated economy).

If it doesn’t do this, then the US Dollar will lose its prominence for settlements of international trade and capital transactions. China could step up to the plate and fill the void with fresh new Yuan — to fund those exact same transactions.

So — what are the Chinese doing inside China? They are pushing huge amounts of fresh new money (they call it social financing) into their domestic economy. Externally, they could theoretically be offering their Yuan currency for settlements of trade and capital flows but this is hampered by a relative lack of available Yuan in foreign central bank reserves.

So — listen Up Mr Powell in Washington DC — if you want to preserve the US Dollar dominance in international trade and capital movements, start buying offshore assets fast — or else.

GENETIC ENGINEERING

The genetic engineering of many bacteria has been happening since the 1970’s. When the genetic material inside a bacteria is altered by a laboratory technician, it can be tricked into producing proteins that it would not normally produce. All of the world’s insulin is produced this way and has been for decades. Many other pharmaceutical products are also made using this same technique.

So man made bacteria are common inside pharmaceutical laboratories and are grown in massive quantities. Once you know this, you can begin to understand that the manipulation of viruses in laboratories is also being done. Unfortunately, a lot of this research is done for military reasons and funded out of military budgets. Or they are overseen by the so-called “intelligence community”. We need a societal debate on this.

BIOWEAPONS AND BIOLOGICAL WARFARE

Research into biological warfare using manipulated bacteria and viruses is real. Governments are funding this effort all over the planet. But it is a subject  that is not being discussed, despite some estimations that the US (for example) has spent up to $ 100 Billion on it over the last 20 years. There is virtually no democratic oversight. The politicians send the money and don’t check where it goes. The US has even funded virological research in China.

So far, there has been a strong effort from the mainstream media to suppress any debate about whether or not the novel Coronavirus was possibly man-made in a laboratory. This has been a VERBOTEN subject. It’s almost as if journalists have been warned sternly not to discuss it. And BOOM has not seen a single journalist ask a politician (yet) if this could be the source of the new Coronavirus (or perhaps not-so-new?). Denial is not just a river in Egypt.

MAINSTREAM MEDIA CRUSHES LAB POSSIBILITY

The Western mainstream media is now clearly demanding that the “wet market” narrative be adhered to.  They seem desperate to suppress any commentary or debate on the Laboratory theory for the source of the virus. Here are just a few excerpts from the media — on one day.

Scientists have determined the virus came about naturally, but there is some uncertainty about how it first infected people.”   — Huh?  Which “scientists“?

While experts are still trying to figure out the exact source of the virus, research has indicated it likely originated in bats and was transmitted to an intermediate host before jumping to people, just like the virus that caused the 2003 SARS epidemic. ”  — Huh?  Which “research” are they talking about here”?

There’s no evidence to support the claim the coronavirus was manufactured in a Lab”  — Huh?  No evidence whatsoever? Impossible?

The belief that the coronavirus was manufactured in a Laboratory is almost certainly not true”.   Huh? Almost certainly? What does that mean? “Almost”?

“There is STRONG evidence that the virus originated in the wet market in Wuhan”  Huh?  What “strong” evidence?  There is NONE.

SAVE THE PLANET — Read the Link — and send it to your politicians and central bankers. Quantitative Boosting Explained 
https://boomfinanceandeconomics.wordpress.com/2019/12/15/boom-as-at-15th-december-2019/

In economics, things work until they don’t. Until next week …………  Make your own conclusions, do your own research.  BOOM does not offer investment advice.


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EMAIL: gerry {at} boomfinanceandeconomics.com

Return to the BOOM Main Website –  BOOM Finance and Economics at  http://boomfinanceandeconomics.com/

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HOW MOST MONEY IS CREATED

BANKS CREATE FRESH NEW MONEY OUT OF THIN AIR (but they always need a Borrower to do so)

THERE IS NO SUCH THING AS A DEPOSIT
BANKS PURCHASE SECURITIES, THEY DON’T MAKE LOANS

BANKS DON’T TAKE DEPOSITS, THEY BORROW YOUR MONEY
Watch this short 15 minutes video and learn as Professor Richard Werner brilliantly explains how the banking system and financial sector really work.

https://www.youtube.com/watch?v=EC0G7pY4wREhttp://

How is Most New Money Created ?

LOANS CREATE DEPOSITS — that is how almost all new money is created in the economy (by commercial banks making loans).

From the Bank of England Quarterly Bulletin Q1 2014    —
“Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.

“Most money in the modern economy is in the form of bank deposits, which are created by commercial banks themselves”.

Most economists are unaware of this and even ignore the banking & finance sectors in their econometric models.

On 25th April 2017, the central bank of Germany, the Bundesbank, released a statement on this matter —

“In terms of volume, the majority of the money supply is made up of book money, which is created through transactions between banks and domestic customers. Sight deposits are an example of book money: sight deposits are created when a bank settles transactions with a customer, ie it grants a credit, say, or purchases an asset and credits the corresponding amount to the customer’s bank account in return. This means that banks can create book money just by making an accounting entry: according to the Bundesbank’s economists, “this refutes a popular misconception that banks act simply as intermediaries at the time of lending – i.e. that banks can only grant credit using funds placed with them previously as deposits by other customers”. By the same token, excess central bank reserves are not a necessary precondition for a bank to grant credit (and thus create money).”

The Reserve Bank of Australia (Australia’s central bank) has also contributed to the issue in a speech by Christopher Kent, the Assistant Governor on September 19th 2018.
“…… the vast bulk of broad money consists of bank deposits”
“Money can be created …….. when financial intermediaries make loans
“In the first instance, the process of money creation requires a willing borrower.”
“It’s also worth emphasizing that the process of money creation is not the result of the actions of any single bank – rather, the banking system as a whole acts to create money.”
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MOLS Denmark

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