BOOM as at 11th October 2020


The US economy is recovering with strong growth forecasted and possibly already in place. The GDPNow model published by the Atlanta Federal Reserve Bank is currently estimating real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 to be 35.2 percent.

BOOM’s two key indicators for China’s economic activity are also both showing a strong situation in China with steady, strong growth.

With strong rebounds already happening in China and America, we can all relax a little (for the time being) about what should turn out to be a short, sharp recession. Long term, there is still great uncertainty of course.


Donald Trump appears to be winning the Presidential race. As at 21st September, his estimated Electoral College votes seemed to be around 278 versus 260 for Biden. Any candidate who wins 270 will take the White House. These were the numbers released on that day by Professor Bela Stantic at Griffith University in Australia. However, there is still a long way to go with three and a half weeks yet to transpire in the race.

Professor Stantic accurately predicted Trump’s victory in 2016. He uses Big Data analytics rather than polling to reach his estimations.  Polls are usually only based on surveys of about 1,000 people — 330 Million reside in the US.



Regarding Australia, let’s look at the Covid 19 phenomenon there.  Australia has a population of around  25.6 Million and about 400 people die on average every day from all causes. That’s about 12,000 per month or 100,000 already in 2020. 

After almost 8 months of the “horrific” Corona SARS CoV2 “pandemic” and the massive political and media Panic-Demic, there have been only 900 deaths attributed to Covid 19. Most of those people have been elderly, in poor health and have died from other serious pre-existent diseases (dying with Covid not from it). Some have died from the Covid illness itself. The Australian Bureau of Statistics reported on 24th June that “68.5% of people who died from COVID-19 had pre-existing chronic conditions. Hypertension was the most common of these pre-existing conditions, followed by dementia, diabetes, chronic obstructive pulmonary disease and cancer”. But 25,000 Australians have recovered after having had the infection. Many of those had no symptoms. Very few required hospitalization.

It is a sad fact but while those Covid related deaths were occurring, 100,000 people died from other causes. The media did not show any concern or care for them. And neither did the politicians. Let’s be clear about that. The media were more concerned with grabbing the limelight and selling advertising. While the politicians were busy trying to grab as much power as possible from what they saw as a once-in-a-lifetime opportunity. These dynamics are present all over the world as the media and the politicians talk endlessly about “cases” without defining the word. Donald Trump is now a “case” but he is well and active.

Australia has had 35 deaths per million population attributed to this threat. The death rate in San Marino Italy was 1,237 per million. In Belgium, it was 870. And all of the top 12 nations have registered deaths per million rates above 600.

What is really going on? People all over the world are suspicious about the official narrative and the media panic mongering. They are looking for better explanations. They are becoming more distrustful of politicians and mainstream journalists by the day.

If you are  one of those people, a critical thinker, there is a book just published titled Corona False Alarm, written by two outstanding authorities.


The Authors:  Karina Reiss was born in Germany and studied biology at the University of Kiel where she received her PhD in 2001. She became assistant professor in 2006 and associate professor in 2008 at the University of Kiel. She has published over sixty articles in the fields of cell biology, biochemistry, inflammation, and infection, which have gained international recognition and received prestigious honors and awards.

Sucharit Bhakdi was born in Washington, DC, and educated at schools in Switzerland, Egypt, and Thailand. He studied medicine at the University of Bonn in Germany, where he received his MD in 1970. He was a post-doctoral researcher at the Max Planck Institute of Immunobiology and Epigenetics in Freiburg from 1972 to 1976, and at The Protein Laboratory in Copenhagen from 1976 to 1977. He joined the Institute of Medical Microbiology at Giessen University in 1977 and was appointed associate professor in 1982. He was named chair of Medical Microbiology at the University of Mainz in 1990, where he remained until his retirement in 2012. Dr. Bhakdi has published over three hundred articles in the fields of immunology, bacteriology, virology, and parasitology, for which he has received numerous awards and the Order of Merit of Rhineland-Palatinate.

Their book Corona False Alarm is available on Amazon Kindle for just $ 9.68 and Amazon paperback for $ 19.72

It is also available at Chelsea Green Publishing here —


Signatures:     15,209  Doctors    6,964 Medical Scientists   208,989  General Public
Current lockdown policies are producing devastating effects on short and long-term public health.”


Some mainstream media publications are carrying this story about a Chinese virologist named Li-Meng Yan. 

Yan also stated that the coronavirus was an ‘unrestricted bioweapon’ intentionally unleashed by the Communist Party.  She wrote: ‘In addition, records indicate that the unleashing of this weaponised pathogen should have been intentional rather than accidental.”

‘We therefore define SARS-CoV-2 as an Unrestricted Bioweapon and the current pandemic a result of Unrestricted Biowarfare.’

More here —

In April incumbent US president Donald Trump claimed he had seen evidence that the coronavirus was built in a laboratory in Wuhan as he suggested the Government may impose sanctions on China in response.

‘Yes I have. Yes I have,’ Trump said when asked if he had seen proof the virus originated in the Wuhan Institute of Technology.

However, the president would not divulge what the evidence was that confirmed his suspicions, when asked by a reporter.

‘I can’t tell you that. I am not allowed to tell you that,’ he responded.



Here are some Mask Facts from the The Association of American Physicians and Surgeons.
Conclusion: “Wearing masks (other than N95) will not be effective at preventing SARS-CoV-2 transmission, whether worn as source control or as PPE.  The chance of catching COVID-19 from a passing interaction in a public space is minimal”.

The World Health Organization (WHO): (April 6, 2020)

“Advice to decision makers on the use of masks for healthy people in community settings:
The wide use of masks by healthy people in the community setting is not supported by current evidence and carries uncertainties and critical risks.”

Final Thoughts:

“Surgical masks are loose fitting. They are designed to protect the patient from the doctors’ respiratory droplets.  The wearer is not protected from others’ airborne particles.

People do not wear masks properly. Many people have the mask under the nose. The wearer does not have glasses on and the eyes are a portal of entry.  If the virus lands on the conjunctiva, tears will wash it into the nasopharynx.

Most studies cannot separate out hand hygiene.

The designer masks and scarves offer minimal protection. They give a false sense of security to both the wearer and those around the wearer.

Remember: children under 2 years should not wear masks because of accidental suffocation and difficulty breathing in some.

The Association of American Physicians and Surgeons – AAPS – is a non-partisan professional association of physicians in all types of practices and specialties across the country.

Since 1943, AAPS has been dedicated to the highest ethical standards of the Oath of Hippocrates and to preserving the sanctity of the patient-physician relationship and the practice of private medicine.”



23 European Nations now have negative yields on their 2 year sovereign bonds. That is a staggering fact. In other words, if you invest in those bonds you will receive less capital back at maturity after 2 years than you invested. The governments will effectively tax your capital while using it.

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.

EMAIL: gerry {at}

Return to the BOOM Main Website –  BOOM Finance and Economics at



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

Watch this short 15 minutes video and learn as Professor Richard Werner brilliantly explains how the banking system and financial sector really work.

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”.

Youtube Video —


Paper:  Money in the Modern Economy  PDF —  CLICK HERE

Quarterly Bulletins Index

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.”

Disclaimer:   All content is presented for educational and/or entertainment purposes only. Under no circumstances should it be mistaken for professional investment advice, nor is it at all intended to be taken as such. The commentary and other contents simply reflect the opinion of the authors alone on the current and future status of the markets and various economies. It is subject to error and change without notice.The presence of a link to a website does not indicate approval or endorsement of that web site or any services, products, or opinions that may be offered by them.

Neither the information nor any opinion expressed constitutes a solicitation to buy or sell any securities nor investments. Do NOT ever purchase any security or investment without doing your own and sufficient research.  Neither BOOM Finance and nor any of its principals or contributors are under any obligation to update or keep current the information contained herein. The principals and related parties may at times have positions in the securities or investments referred to and may make purchases or sales of these securities and investments while this site is live. The analysis contained is based on both technical and fundamental research.

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MOLS Denmark

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