BOOM as at 17th January 2021


The Polymerase Chain Reaction Nasal Swab PCR Test is being used to diagnose “cases” of the disease called Covid 19 all over the world.  The media dutifully reports all positive results as new “cases” without explaining if those “cases” are sick or if they are infectious. The politicians react as if evey positive test result is a major, fearful threat. This error in test interpretation is the most significant economic problem facing all nations today. The massive economic damage resulting from poor government decisions based upon false assumptions is critical to understand.

But what does a positive test really mean?

A positive PCR test indicates the presence of some genetic material characteristic of the SARS CoV2 virus. But did you know that it may indicate the presence of very small fragments of genetic material from a long dead virus?

This means that a positive test can occur in someone who is well and who is not infectious to anyone else.

And people can die of many other diseases (even accidents) but still be counted as a “Covid case” death if they had a history of a previous falsely positive test result, thus being labelled as having died from Covid when they did not.

Such facts can ruin a good media story. Therefore, the mainstream media does not report such complexity. They continue to announce these results with great fanfare, attempting to generate as much fear as possible every day. Any analysis of what is really happening is avoided. And the word “cases” continues to be used almost universally when it is misleading. The mainstream media and the politicians need to clean up their act. They need to pay attention to amplification cycles and the Ct number.

Everyone should watch this 10 minute video. Its title is — “COVID Diagnosis with PCR | Misinterpreting results | Cycle threshold explained”

It starts by explaining how a group of people can have negative test results and then positive test results soon afterward. And vice versa. This is actually easy to understand — just watch the video.

Three Link Sources: At Bitchute  and   and on Youtube

You may also like to read these further explanations.

This BBC article was written 4 months ago but it still provides useful information —
Title:  “Coronavirus: Tests ‘could be picking up dead virus’ “


This article was written just 3 weeks ago and includes a Podcast — Title:  “The PCR Deception”



An appeals court in Portugal has ruled that the PCR process is not a reliable test for SARS-CoV-2, and therefore any enforced quarantine based on those test results is unlawful. The ruling also suggested that any forced quarantine applied to healthy people could be a violation of their fundamental right to liberty.

The judges ruled that a single positive PCR test for SARS CoV2 cannot be used as an effective diagnosis of infection. This puts the whole Covid phenomenon under a dark cloud of uncertainty. Please read more about the ruling here:

Portuguese Court Rules PCR Tests “Unreliable” & Quarantines “Unlawful” —


In US Dollar terms, China’s Taxation Revenue as reported in 2018 by the Taxation Administration of the People’s Republic of China was US $ 2.6 Trillion. That is about 18% of GDP.

By comparison, for the same year, the US Federal Government Taxation Revenue total was  US$ 3.4 Trillion — about 18 % of GDP.   However, there are many other taxes levied on US citizens at State and Municipal levels. 

If you include US state and municipal taxes as well as federal taxes, the total tax take jumps to US$  5.4 Trillion. That is 27 % of US GDP.

That sounds like the US citizen is being taxed much more than the Chinese citizen.  However, it is very difficult to estimate with any accuracy the total of taxes paid at a local level in China.

The breakdown of federal taxation revenue in China is as follows —

Income taxes make up 29.1  %    (personal income tax 8.2 %, enterprises 20.9 %)
GST — Goods and Services Taxes make up 54.6 %   (consumption taxes/VAT/GST)
Property Taxes and Fines make up 16.3 %

In the US, about half of the Federal tax take is in income taxes — 50 %. Again, this sounds like the US taxpayer is hard done by. The striking difference is in personal income taxes. The contribution from this appears to be much higher in the US than in China.

The other aspect of the comparison involves a consideration of the State Owned Enterprises in China.  A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular or dominant stockholder. This aspect of the Chinese economy is vast and very difficult to analyse with accuracy. Extensive government involvement in commerce blurs the boundaries between public and private sectors.

This is just a cursory glance at the differences between China and the USA but it seems to show that the individual Chinese taxpayer is perhaps better off than the average US taxpayer in regard to the burden of taxation.


As BOOM has pointed out in recent editorials, the Chinese economy is fueled much more by bank loan expansion than is the US economy. As bank loans are created, fresh new money is created and expended into the economy. This is especially useful to any economy if the new money is spent on productive investments, giving a “double whammy” economic boost effect, rather than on funding speculative trading of existing assets.

Taxes, by comparison, are always paid using old money. No new money is created when a tax is paid. So raising taxes is self defeating in the long run for the economy. Governments should instead concentrate on the encouragement of new bank loans for productive purposes to create fresh new money which will grow the total supply of money, boost production and progressively replace old money as it is destroyed (by bank loan repayments).


The United States is doing everything to guarantee economic stagnation and social inequality. It discourages the use of cash, it uses bond issuance (old money) to fund its government’s budget deficits and its corporations, it taxes its citizens too much and its supply of fresh new money from bank loans is inadequate and mostly directed towards speculation in old non-productive assets. It all works well for the rich and disadvantages the poor.  The rest of the Western, advanced economy nations are following the leader down a road to political, social and economic disaster.

Communist China appears to understand the balance between new money creation and old money destruction. They understand that money must be put to good, productive use — not just re-circulated in speculative games that favor the rich and in taxation/bond roundabouts. However, the Totalitarianism in China is not something the West should emulate. It tends towards tyranny over the long term, again eventually causing political, social and economic disaster.

BOOM is in favor of moderating both democratic and communist systems with Sortition — where some representatives of the people are not elected or chosen by a committee, they are selected by lottery.

Sortition Explained:


Public Health England produces regular reports on All-Cause Mortality Surveillance.
The report dated 7th January 2021 – Week 1 (up to week 53 data) shows no significant excess deaths in England. Week 53 is a statistician’s way of describing Week 1 of the following year.

QUOTE: “In week 53 of 2020, no statistically significant excess all-cause mortality by week of death was observed overall in England through the EuroMOMO algorithm. In the devolved administrations, no statistically significant excess all-cause mortality for all ages was observed for Wales or Northern Ireland in week 53.”  UNQUOTE

The next report for Week 2 shows total death numbers are falling — QUOTE: “In week 53 2020, an estimated 10,069 all-cause deaths were registered in England and Wales (source: Office  for  National  Statistics).  This is a decrease compared  to  the  11,520 estimated death registrations in week 52 of 2020“.

The UK government seems obsessed with panicking over new “case” numbers of Covid, many (?most) of which may be false positive test results while ignoring the fact that total death numbers are clearly falling as reported by its own statisticians. The word incompetence springs to mind.



BOOM’s major China economy indicator rose solidly last week to resume its uptrend that began in mid-2020. This is a sign of continued Chinese economic growth.

BOOM’s secondary indicator continued to move sideways — neither up nor down.


Globally, we are seeing a massive campaign of disinformation concerning Covid 19 in the main stream media. While a great number of doctors are presenting different views, unprecedented censorship by the media prevents them from making the news bulletins and headlines. Their opinions are effectively banned.

Information from different thinking experts and professionals can currently be found almost exclusively through targeted searches on the internet or alternative news sources, but not in the mainstream media. Start with THE OPEN LETTER from Doctors in Belgium  —




Signatures:     40,209 Doctors    13,292 Medical & Public Health Scientists 

“Current lockdown policies are producing devastating effects on short and long-term public health.”

Current Signature Count:



An international group of doctors has launched an extra-parliamentary inquiry into the “exaggerated and oppressive corona measures”, with a view to questioning politicians and scientists around the world.

The initiative by Luc Montagnier, Nobel Prize winner in medicine, and Robert F. Kennedy, lawyer, among others, addresses the many inconsistencies surrounding corona policy and is addressed to the presidents of the WHO, the European Commission and the European Parliament.

United States

In the US, a group of clinician doctors, who see patients on a daily basis, united under the banner “America’s Frontline Doctors” and gave a press conference which has now been watched millions of times.

The Netherlands

In the Netherlands, doctors have come together and drafted an open letter addressed to colleagues and the government pleading for proportional measures. This letter aims to stimulate an open and frank debate on how to tackle the Covid-19 outbreak and was signed by more than 2,755 doctors.

An open, sharp-worded letter, was written by doctors and mental health care providers, that has been signed by more than 2500 healthcare professionals.


A public press conference of “Doctors for Truth” in Madrid, was attended by 400 doctors and scientists under the slogan “A world dictatorship with a sanitary excuse”. “Covid-19 is a false pandemic created for political purposes”. Doctors agree that:
Coronavirus victims did not outnumber last year’s seasonal flu deaths.
Figures were exaggerated by altering medical protocols.
The confinement of the healthy and the forced use of masks have no scientific basis.
The disease known as Covid-19 does not have a single infectious pattern, but a combination of them.


A Belgian initiative, which has already been signed by more than 1,500 doctors and health professionals (23rd September 2020)

An open letter on the initiative of a group of doctors from the Cliniques Universitaires St-Luc, UCLouvain. 13,583 have signed already.

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}


DAILY Twitter:     @BOOMFinance



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.

Although the information contained is derived from sources which are believed to be reliable, they cannot be guaranteed.

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MOLS Denmark

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