BOOM as at 6th December 2020


Governments have inflicted massive economic damage on their nations this year. We need to ask why? And we need to question the extent of the damage. Self inflicted injury has been urged on by the mass media for the sake of sensationalism. The World Food Program is now predicting 270 Million people to face starvation in 2021 due to supply chain disruption. Have governments acted rationally? Or is the Covid scare over-hyped and irrational?

This is not a global pandemic of excess deaths everywhere (or maybe anywhere). It is something else. Regional differences are simply staggering. Let’s start by looking inside the United States.

Look carefully at the Covid Deaths Per Million per State in the United States. 

Go to Column 9 (Deaths per Million) and click on the Header. That will arrange the States in order — highest  death rates per million of population to lowest.

You will see that New Jersey and New York are Numbers 1 and 2 on the list.  The worst death rate (attributed to Covid) in the US and in the world is New Jersey with 1,958 Deaths per Million Population and New York is in second place with 1,790.

The lowest State death rate is in Vermont which has had only 123 deaths per million population.

 Conclusion:  The New Jersey death rate is almost 20 times greater than Vermont’s death rate. The New York state death rate is almost 17 times greater.

And the States right next door to Vermont show rates of death 14 – 15 times greater —

Massachusetts — 1,578
Connecticut  — 1,443

Does that sound odd to you? How can this be explained? Was Vermont just well managed compared to New Jersey? Or was Vermont just lucky?  Let’s look at the globe.

On the global stage, Belgium with a population of 11.5 million people is the worst nation — 17,033 deaths in total attributed to Covid  — 1,467 deaths per million population.

In comparison, Taiwan has had only 7 deaths in total attributed to Covid with a population of 25 Million people. That is 0.3 deaths attributed to Covid per million population.

These are staggering differences. Belgium’s death rate is 5,000 times greater than Taiwan.
Are any of the “expert” epidemiologists looking at this data? BOOM does, every day and can reach only one conclusion — it appears that the virus is being spread deliberately and maliciously in carefully selected regions to cause economic and political damage.

Then there is the Influenza mystery. BOOM has previously referred to the fact that Influenza has almost completely disappeared from Planet Earth during 2020.  Maybe the Influenza viruses went to Mars on a spaceship?



But ………… there are other strange things happening in the published data. If you care enough to look.


A Pandemic has traditionally been defined as an episode of Excess Deaths — large numbers of death above normal baseline (weekly average).

However, in May 2009, the World Health Organization changed its definition of Pandemic. The new definition REMOVED the following clause: “A pandemic may occur when a new influenza virus appears …resulting in epidemics worldwide with enormous numbers of deaths and illness……”

A pandemic in 2020 can NOW be declared simply if “a disease epidemic occurs when there are more cases of that disease than normal.” In this definition a “case” is defined as the presence of the virus (infection) in the person without any symptoms of disease or if it is diagnosed on symptoms only (clinical diagnosis).

Australia was the first country to pull this emergency trigger in 2020 and call a ‘pandemic’ when (believe it or not) there were no cases of this disease in Australia (21 January 2020).



Let’s look at a careful analysis of Deaths from All Causes in the United States.

A thorough All Causes of Death analysis has been recently done by Genevieve Briand, assistant program director of the Applied Economics master’s degree program at Johns Hopkins University Advanced Academic Programs. She critically analyzed the effect of COVID-19 on US deaths using data from the Centers for Disease Control and Prevention (CDC).

According to Briand, not only has COVID-19 had no effect on the percentage of deaths of older people, but it has also not increased the total number of deaths in the US.

She has explained that the significance of COVID-19 on U.S. deaths can only be fully understood by making a comparison to the number of total deaths in the United States.

There was no surprise to BOOM when she found that the total decrease in deaths by other causes almost exactly equals the increase in deaths by COVID-19. This suggests, according to Briand, that the COVID-19 death toll is misleading. Briand believes that deaths due to heart diseases, respiratory diseases, influenza and pneumonia may instead have been recategorized as being due to COVID-19.

The CDC classified all deaths that are related to COVID-19 simply as COVID-19 deaths. If you tested positive and fell off a building, you were declared a “Covid death”. This is likely the main explanation as to why COVID-19 deaths drastically increased while deaths by all other diseases experienced a significant decrease.

To quote Genevieve directly  QUOTE: “All of this points to no evidence that COVID-19 created any excess deaths. Total death numbers are not above normal death numbers”. UNQUOTE

She said that a decreased number of heart attacks and all the other death causes doesn’t give us a choice but to point to misclassification as the explanation.

Since the crude number of total deaths by all causes before and after COVID-19 has stayed the same, one can hardly say, in Briand’s view, that COVID-19 deaths are concerning.

In reality this year in the US seems to be no different in overall mortality rates compared to last year and less of an increase than 5 of the 6 the preceding years. How is this possible during a “pandemic of biblical proportions?”  She asks — where have all the heart attacks gone?

In fact, all other causes  of death have reduced in 2020 while Covid 19 attributed deaths surged.  And the numbers are (almost) IDENTICAL.

To quote Genevieve again  QUOTE: “All this points to no evidence that Covid 19 creates any excess deaths.”  and “We found evidence that Covid 19 death numbers are misleading.” 

The Presentation

An article that revealed Briand’s analysis was published in the John’s Hopkin’s University Students Newsletter. It has since been deleted, retracted and (effectively) banned but, unfortunately for those who wished to censor it, the original is still available online.



If you wish to see how close the US has now become to a Soviet Truth Controlled State, you can read the confused “explanation” of the publication, deletion and retraction of the article given by the Editorial Board of the Student Newsletter. They labelled it as “dangerous misinformation”.


The first comment from a reader sums up the situation — “Your retraction is censorship. Plain and simple. I am a proud Hopkins grad who is ashamed of the current students responsible for publishing this rag. Freedom is not free…Genevieve Briand is a well respected economist whose work is being marginalized by political operatives. Why?”

The second comment says — ” Please reinstate your colleague’s article to restore some semblance of journalistic integrity to the Hopkins News-Letter”


And, remember, the CDC — US Center for Disease Control — told us in August that only 6% of the deaths attributed as “Covid” in the US had no other serious co-morbid disease.  In other words, 94% of the “Covid deaths” may have died from their other pre-existing diseases such as chronic lung and heart diseases and not from Covid 19.



And then we learned last Wednesday that the PCR Test for SARS-CoV2/Covid is based upon very poor science indeed.

22 Peer Reviewers have called for the original Corman Drosten Paper to be retracted from the journal that published it in early 2020. That paper is the basis upon which all PCR Tests of SARS CoV2 and Covid rest worldwide.

External peer review of the RTPCR test to detect SARS-CoV-2 reveals 10 major scientific flaws at the molecular and methodological level: consequences for false positive results

Major Scientific Flaws:

The Report:

An External Review and request to retract the paper of Corman et al, published in Eurosurveillance January 23, 2020 —


There is growing suspicion that the SARS CoV2 virus was present in the US during 2019. The CDC has now admitted this which changes the official narrative of the entire phenomenon.

Wall Street Journal Dec 1st:


Some of the readers Comments reveal deep knowledge —

“People should have the right to ask why the CT images of patients in the outbreak of Electronic-Cigarette-Associated Acute Lipoid Pneumonia in August 2019 in the U.S. are so similar to those caused by the COVID19 pandemic.”

“And btw, what happened in Fort Detrick (U.S. Army Medical Research Institute of Infectious Diseases) in Maryland that it had to be abruptly shut down (“cease and desist order”) in the summer of 2019?”



Bill Gates won a lottery. Jeff Bezos won a lottery. You (probably) didn’t ….. because you didn’t enter into the lottery of capitalism. In the capitalist world, we fully accept that someone like Bill Gates has somehow rightly earned the claim to many Billions of Dollars of wealth because he managed to buy a very small computer program called DOS on 27th July 1981, reportedly for about $ 50,000, and then (somehow) managed to license it non-exclusively to IBM.  Then he (somehow) subsequently licensed it to all the other computer manufacturers of the world (except Apple). That all happened way back in 1981 when Bill was only 26 years old. His parents helped (a lot) in achieving all of that because of their unique contacts and expertise. Bill’s previous business venture called Traf-0-Data had failed.

This story is similar to many high wealth individuals. They won the lottery of capitalism by starting a company and getting it listed on a stock market. Luck came their way and the value of the company surged. We all accept these windfalls of wealth. They are not much different to winning any other lottery.

BOOM read an article last week that expressed great offence that the People’s Bank of China (the Chinese central bank) recently gave away money in the form of its CBDC Token (central bank digital currency) to winners of a lottery. The writer of the article was not only offended by the lottery aspect, he was also offended by the central bank’s attempt to boost demand for goods and services by using such a device.

BOOM covered this trial of a geographically constrained Closed Loop Token by the Chinese central bank in the Editorial on 18th October 2020 — CHINA ISSUES ELECTRONIC CASH — LEADING ON MONEY INNOVATION


BOOM also discussed the use of Coupons and Tokens more generally as local currencies on 3rd May CHINA LEADS WITH COUPONS.


Some economists and analysts feel that such money must be “fake”, or a “con” or that it is “dangerous, unsound” and that it must lead inevitably to hyperinflation and economic collapse. To BOOM, these are very strange reactions. After all, BOOM has never read an analysis that predicts such dire events in relation to the Billions of Dollars of wealth won in the capitalist lottery by people such as Bill Gates.

BOOM has NEVER seen an analysis that states this — “Oh no — woe is all of us — the economy will surely collapse in a hyperinflation event because Bill Gates and all the other Billionaires now have Billions of Dollars of spending power which is growing by the day, possibly Trillions. We will all be ruined!” 

“We’ll all be Rooned” is a famous Australian poem.

But, if a government hands out welfare payments or a central bank issues a local, time limited, restricted coupon (or Token) to poor citizens then they imediately conclude that the national currency will collapse, hyperinflation will come and, subsequent to that, the whole economy will collapse — “just like Zimbabwe and Weimar”.

Economic “analysts” and “experts” are often very strange creatures.


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.”

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MOLS Denmark

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