ECONOMIC ARMAGEDDON
For many people on this planet, Covid 19 will effectively be an economic armageddon. As BOOM has repeatedly warned, hundreds of millions will starve in 3rd world nations due to supply chain disruption while millions in 1st world nations will lose their jobs and prospects. Mental illness and suicide numbers will accelerate as people become discouraged by the totalitarian nature of their governments’ responses. Political upheaval is guaranteed.
A couple of million may even die from the virus which would boost the annual global death toll from around 60 million to 62 million. The deaths are sad but relatively limited. They will be overshadowed by the economic and political effects. It is not an exaggeration to say that this is possibly an economic crisis of unprecedented proportions. So we need to understand the economic tsunami itself as best we can.
THE INTELLIGENT VIRUS
CAUSING MASS HYSTERIA & FEAR BUT NOT EXCESS DEATH
The SARS CoV2 Virus, better known as Covid 19, appears to be an extremely intelligent micro-organism. Despite the fact that it has no brain, it somehow causes havoc in some nations and not in others. It somehow carefully chooses to kill more people in selected geographic locations and not in others. And this sometimes happens in different regions with the same national health policies inside a single nation. This is a mystery of global proportions. How can such a virus be so clever?
For example, the deaths per million attributed to Covid 19 in Taiwan amount to 0.3 deaths per million population. While in Belgium, the deaths per million population number is 1,309. That is an extraordinary difference. The virus is apparently 10,000 times more fatal in Belgium than in Taiwan. Can someone please explain how this can be?
The current Z Score analysis of varying European nations reveals NO CURRENT EXCESS DEATH SPIKES from the “horrible, fearful dreaded second wave” of Covid 19 in Denmark, Cyprus, Estonia, Finland, Germany, Hungary, Ireland, Luxembourg, Malta, Norway, Sweden, Northern Ireland, Scotland and Wales.
The virus has cleverly decided not to cause havoc in those nations. BOOM does not know why.
Perhaps the virus made a decision not to launch a deadly attack on those nations while simultaneously launching fatal attacks selectively on Belgium, France, Spain, Switzerland, Italy and England where Excess Death Spikes ARE currently occurring? However, these spikes are nowhere near as high as occurred in March and April, earlier this year.
Clever virus.
Data Source: https://euromomo.eu/graphs-and-maps#z-scores-by-country
VIRUS DELIVERY HYPOTHESIS
There are some other possibilities. Maybe these results can be explained by the fact that different strains of the virus have different fatality rates? BOOM has followed the mutation patterns at nextstrain.org for 9 months. You can too.
Or, perhaps more likely, malicious spread is a possibility.
Is the virus being delivered carefully and deliberately to some nations and not others?
If so, is the purpose to spread panic, fear and mass hysteria?
Or is it to crunch some carefully selected economies?
Or is it to effect political change?
If so, is this warfare? And who are the protagonists?
BOOM just asks the questions. The answers are not so easy to come up with.
DR ROGER HODKINSON
Dr. Roger Hodkinson is a broadly experienced clinical pathologist and virologist who holds medical degrees from Cambridge University in the United Kingdom. He is Chairman of a company called MutantDx and he was the CEO of Stirrat Laboratories, a large retail diagnostic medical laboratory in Alberta, Canada. Dr. Hodkinson is a Past President of the Alberta Society of Laboratory Physicians (ASLP) which represents pathologists in Alberta, Canada. He has acted as a laboratory accreditation inspector and was previously Chairman of the Examination Committee in General Pathology for the Royal College of Physicians of Canada. He is a Fellow of the College of American Pathologists and has been the Medical Director of a CLIA laboratory.
In a meeting last week in Canada, he said in regard to Covid — “There is utterly unfounded public hysteria driven by the media and politicians. This is the greatest hoax ever perpetrated on an unsuspected public. There is absolutely nothing that can be done to contain this virus other than protecting older, more vulnerable people. It should be thoiught of as nothing more than a bad flu season. It is not Ebola. It is not SARS. It’s politics playing medicine and that’s a very dangerous game. There is no action of any kind needed other than what happened last year ….…. Masks are utterly useless. There is no evidence base for their effectivenesss whatsoever. Paper masks and fabric masks are simply virtue signalling. They’re not even worn effectively most of the time. It is utterly ridiculous seeing these unfortunate, uneducated people ……… walking around like lemmings obeying without any knowledge base to put the mask on their face. Social distancing is also useless because Covid is spread by aerosols which travel 30 meters or so before landing. And closures have had such terrible unintended consequences. Everywhere should be open tomorrow as was stated in the Great Barrington Declaration. ….. And a word on testing. I do want to emphasize that I am in the business of testing for Covid. Positive test results do NOT, underlined in Neon, mean a clinical infection. It is simply driving public hysteria and ALL testing should STOP unless you are presenting to hospital with some respiratory problem. All that should be done is to protect the vulnerable.
…. And I would remind you all that, using the province’s own statistics, the risk of death under 65 in this province is 1 in 300,000. You’ve gotta get a grip on this. The scale of the response that you are undertaking, with no evidence for it, is utterly ridiculous. …. All kinds of suicides, business closures, funerals, weddings etc etc . It’s simply outrageous. It’s just another bad Flu and you’ve gotta get your minds around that. You should be totally out of the business of Medicine …. You’re being led down the garden path by the Chief Medical Officer of Health in this province. I am absolutely outraged that this has reached this level. It should all stop tomorrow“.
EVERYONE should listen to it — just 5 minutes
https://www.bitchute.com/search/?query=dr%20roger%20hodgkinson&kind=video
VACCINE SAFETY AND EFFECTIVENESS
Some vaccine announcements last week triggered the mainstream media hype machine to go into full sensationalist mode with narratives that blasted — “vaccine 90 % effective”, “vaccine 95% effective”, and “it works” (!). BOOM doubts if any of the journalists actually read the details.
The Pfizer Press Release Announcement raised a lot of questions and, to BOOM, it makes the mainstream media claims sound rather over-enthusiastic.
These are the key sentences in the announcement — “Analysis evaluated 94 confirmed cases of COVID-19 in trial participants” (just 94) and ” the evaluable case count reached 94 and the DMC performed its first analysis on all cases”. All 94 cases, that is.
In other words, it seems that the “effectiveness” of the vaccine was not measured in all of the 43,538 participants in the trial. It was only assumed from an analysis on 94 people. And no clear definition was given in the press release for the word “effective”.
So what do they really mean by “90% effective”? And ” vaccine efficacy rate above 90%”?
Also, there was no mention of how long that “effectiveness” might last. And there was no real discussion of the side effect profile, either short term or long term. All that was said was — “The DMC has not reported any serious safety concerns”.
Does that mean the 43,538 participants reported no serious side effects or does it mean that the data monitoring committee (the DMC) did not have any concerns about the side effects recorded?
And this sentence raises further concern — “Clinical trial to continue through to final analysis at 164 confirmed cases”. In other words, 164 “cases” — will be all that is needed to make a final analysis for potential Emergency Use Authorization from the US FDA (Food and Drug Administration). Not 43,538.
Then Dr. Albert Bourla, Pfizer Chairman and CEO said — ” The first set of results from our Phase 3 COVID-19 vaccine trial provides the initial evidence of our vaccine’s ability to prevent COVID-19”. The day after the announcement, it was reported that he sold $ 5 Million of his shares in the company.
The Pfizer Press Release:
https://investors.pfizer.com/investor-news/press-release-details/2020/Pfizer-and-BioNTech-Announce-Vaccine-Candidate-Against-COVID-19-Achieved-Success-in-First-Interim-Analysis-from-Phase-3-Study/default.aspx
Then Moderna, the US company, made its announcement on its Messenger Vaccine under development. Again, only 95 “cases” were analysed. And a vaccine “efficacy of 94.5%” was mentioned.
“First interim analysis included 95 participants with confirmed cases of COVID-19”. 90 of those had received the placebo while the remaining 5 had received the vaccine.
To Moderna’s credit, on side effects, the following sentence revealed that perhaps 5 – 10 % (or more) of participants suffered adverse outcomes. “Grade 3 (severe) events greater than or equal to 2% in frequency after the first dose included injection site pain (2.7%), and after the second dose included fatigue (9.7%), myalgia (8.9%), arthralgia (5.2%), headache (4.5%), pain (4.1%) and erythema/redness at the injection site (2.0%).”
Despite this, the press release said “a review of solicited adverse events indicated that the vaccine was generally well tolerated.” What about any possible long term adverse effects? No mention. Messenger vaccines have never been used in human beings previously.
The Moderna Press Release:
https://investors.modernatx.com/news-releases/news-release-details/modernas-covid-19-vaccine-candidate-meets-its-primary-efficacy
IS THIS A PANDEMIC OF TESTING?
Many people are concerned that the Covid Test may be seriously overstating the impact of the virus. One recent article tries to summarize the situation —
Quote:“PCR tests are not designed to be used as a diagnostic tool as they cannot distinguish between inactive viruses and “live” or reproductive ones
Amplification over 35 cycles is considered unreliable and scientifically unjustified, yet many labs use 45 cycles. This amplifies any tiny sequence of viral DNA that might be present to the point that the test reads “positive” even if the viral load is extremely low or the virus is inactive
The PCR test can also pick up the presence of other coronaviruses, so a positive result may simply indicate that you’ve recuperated from a common cold in the past
Millions of people are simply carrying inactive viral DNA that pose no risk to anyone, yet positive test results are being used by the global technocracy to implement a brand new economic and social system based on draconian surveillance and totalitarian controls
Research shows the global lockdown strategy harms public health to a greater degree than the virus itself.” Unquote
AND
Quote: “.… a number of highly respected scientists around the world are now saying that what we have is not a COVID-19 pandemic but a PCR test pandemic. In his September 20, 2020, article5 “Lies, Damned Lies and Health Statistics — The Deadly Danger of False Positives,” Yeadon explains why basing our pandemic response on positive PCR tests is so problematic.
In short, it appears millions of people are simply being found to carry inactive viral DNA that pose no risk to anyone, yet these test results are being used by the global technocracy to implement a brand new economic and social system based on draconian surveillance and totalitarian controls.” Unquote
LINK: https://finanz.dk/why-covid-19-testing-is-a-tragic-waste/
Quote: “Ever since the alleged pandemic erupted this past March the mainstream media has spewed a non-stop stream of misinformation that appears to be laser focused on generating maximum fear among the citizenry.
But the facts and the science simply don’t support the grave picture painted of a deadly virus sweeping the land. Yes, we do have a pandemic, but it’ a pandemic of ginned up pseudo-science masquerading as unbiased fact.” Unquote
MESSENGER VACCINES
Both vaccines from Pfizer and Moderna are Messenger Vaccines — a new technology never before used in human beings. Here is an article on Messenger Vaccines that is easy to follow and is an introduction to the technology. However, BOOM suggests that all readers research this matter more comprehensively. After all — is this a giant experiment on the human race?
Wikipedia: https://en.wikipedia.org/wiki/RNA_vaccine
MONEY — IT’S A HIT
Finally, BOOM recommends a recent article by Professor Joseph Huber on the subject of Money. It summarizes many of the concepts discussed by BOOM over the last year or so.
https://sovereignmoney.site/real-economy-and-financial-economy-gdp-finance-and-non-gdp-finance
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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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”.
Youtube Video — https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-in-the-modern-economy-an-introduction
and
https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy
Paper: Money in the Modern Economy PDF — CLICK HERE
Quarterly Bulletins Indexhttp://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1.aspx
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).
”Reference: https://www.bundesbank.de/Redaktion/EN/Topics/2017/2017_04_25_how_money_is_created.html
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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