Turkey Bans Crypto Payments — Denmark Halts Astra Zeneca Vaccine — Another Super Specialist Doctor Issues a Serious Warning —


Some very significant events occurred last week. First, Turkey banned the use of so-called “Crypto-currencies” in payment settlements. This includes Bitcoin. This means that a Turkish resident cannot pay for any goods or services using any Cryptos. BOOM expects many other Governments will soon follow the Turkish lead. In particular, BOOM expects that the United States will act either next week or very soon afterwards.

Prices rising fast in the online Crypto markets generate rapidly increasing purchasing power to holders of any Cryptos. Currently, they can sell out and buy Stablecoins. And then they can sell their Stablecoins and switch to fiat currencies — for example, US Dollars.

With the total market capitalization of Cryptos rising stratospherically and now in excess of $ 2 Trillion, this is creating a potential rush into fiat currencies, especially into the US Dollar, if the Crypto markets collapse. Such an event would drive up the US Dollar immediately and rapidly, destabilizing the global financial system. US Dollar denominated loans would instantly become much more expensive for nations other than the US to pay off and such loans — called Eurodollar loans — would possibly experience a strong default shock. International banks could see their Eurodollar loan books start to crumble right in front of their eyes. The prices of some Sovereign Bonds would then start to drop, perhaps alarmingly, driving up long term interest rates in those nations. You can imagine the carnage.

BOOM is closely watching the share prices of those global banks. The Archegos shock from a few weeks ago is still having a negative effect, especially on the share prices of two banks with global operations, Credit Suisse and Nomura. Large companies affected in the United States are also still suffering significant share price weakness. These include Discovery and ViacomCBS. And the Chinese companies involved have also not recovered their share price strength. The share prices of Baidu, Tencent Music and Vipshop Holdings are continung to fall on US stock markets.

On Friday, the first big legal challenge came.  A US based pension fund is alleging that Credit Suisse misled investors and let “high-risk clients” including Greensill Capital and Archegos Capital Management take on way too much leverage. The legal challenge was launched in US courts — the federal court in Manhattan.  Many more will follow.

So — we face two major threats — the banning of Bitcoin and other Cryptos could potentially destabilize the global financial system. And so could the continued cloud over the future of Credit Suisse and Nomura.

Authorities have let the Crypto market evolve without any real regulation, thinking that it was just a fad that would fail in the long run or perhaps favoring it for some nefarious reason. Without knowing, they have been gambling with the stability of the entire world’s capital markets.

Here is the statement from the central bank of Turkey —

Payment service providers cannot develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and cannot provide any services related to such business models“.

The central bank explained the decision on the basis that there had been a rise in the use of crypto assets to make payments. India is about to follow. They are considering a law making trading or even holding such assets punishable with a fine. The Bill also intends to prohibit all private cryptocurrencies in India. Surely China will follow as sure as night follows day? Or maybe not?

India Reference:  The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021


The “vaccines will save us” hypothesis is now under threat of collapse.  If the meme fails, another financial system threat arises.  In fact, the vaccines may not save us and they may be making everything worse.

Public health officials in Denmark decided to ban the AstraZeneca-Oxford COVID-19 vaccine last week over the risks of rare but sometimes fatal blood clots in the brain in healthy young people. Public health experts in Norway have now officially recommended that their government implement a similar ban.

Meanwhile, an Oxford University study has found that the Pfizer and Moderna vaccines carry 30 times more Portal Vein blood clot risk within 2 weeks than the Astra Zeneca vaccine. The Portal vein is a blood vessel that carries blood from the gastrointestinal tract, gallbladder, pancreas and spleen to the liver.

They also found that the Brain based blood clots are almost equally likely to occur within 2 weeks after either the Pfizer, Moderna or Astra Zeneca vaccines. These clotting effects seem to be class effects occurring in all the genetic material based vaccines.
Note that these blood clots also followed infection with the Covid 19 virus and at much higher rates. So maybe the common Spike Protein is the cause? And, if so, how long will the tendency to clot last? BOOM just asks the questions. The answers are harder to come by.

Source: “Cerebral Venous Thrombosis, a retrospective cohort study. University of Oxford UK  April 15, 2021


Another senior Doctor has spoken out in the United States. He is demanding a halt to all covid vaccines immediately. Dr. Richard Fleming, physicist and Nuclear Medicine Cardiologist, issued a dire warning that experimental covid vaccines are not effective and may even cause Alzheimer’s Disease, Mad Cow disease and other neurological disorders. Such inflammation and blood clotting risks will persist. He explains that a vaccine recipient will face a year and a half of risk to these consequences.

He states that there is “no statistically significant benefit from the vaccines” to be found in the clinical trial documents issued by the companies involved.

Dr Fleming has a Doctorate in Particle Physics and is a Cardiologist (Heart Specialist) who specializes in Nuclear Medicine. A 12 minute interview with him recorded just 4 days ago is absolutely essential viewing. Stunning.

His CV is extensive and impressive (86 pages in length). It can be read here — https://21a86421-c3e0-461b-83c2-cfe4628dfadc.filesusr.com/ugd/659775_9f5b6a6b9d014396855b6ab6896ec3c3.pdf

In the interview, he states with regard to Covid 19, “this is not a naturally occurring virus”, “it is doing exactly what it was designed to do”, “the vaccines make no difference”. And “these are experimental vaccines. They have not been FDA Approved”.

He goes on to say “President Biden should call for the immediate cessation of the vaccination of American individuals with these vaccines. And should call for an immediate re-evaluation of these vaccines — first, whether there is any demonstrated efficacy (because there’s not) and secondly, what are the potential consequences of having already vaccinated a substantial number of individuals in this country and third, a full review — not only of this data — but of the people that were involved in the gain-of-function research and the promulgation of these vaccines.” 

He is strongly opposed to mandated vaccinations.
Expert Cardiologist Issues Dire Warning: Experimental Vaccines are Ineffective

The Interview — Just 12 minuteshttps://rumble.com/vfmufz-vaccine-companies-own-data-shows-zero-difference-in-stopping-covid-but-may-.html

Another 13 minute video by Dr Fleming discusses the origins of the Covid 19 virus


On the website Flemingmethod.com, there is this prominent statement. 

QUOTE “Evidence shows that this virus is engineered with Gain of Function (GoF) including mechanisms creating an Inflammo Thrombotic Response (ITR) with mRNA Reverse Transcription (RT) into cell DNA with Prion-like structures presence in the virus spike protein.”   UNQUOTE


Meanwhile, the CEO of Pfizer has said that a third dose of the Covid vaccine may be necessary and that perhaps repeated doses may be needed each year. More and more experimentation?



This article from Dr Mike Yeadon, previously VP of Research at Pfizer, is chilling. He accuses our governments of lying to us and warns that millions of lives could be at risk from the Covid vaccines.



BOOM found this comment on the UK Human Rights site. It summarises succinctly what many are thinking. Enforcing vaccination for work, travel or access is against the Nuremberg Code — tantamount to a Crime Against Humanity.

QUOTE:   “The COVID vaccines are officially clinical trials. The end dates can be found on the relevant clinical trials documents. For Pfizer, it appears to be January 31, 2023; for AstraZeneca, February 21, 2023. I do not see how anyone can be forced to take part in what is still officially a clinical trial, discriminated against if they choose not to do so, or coerced into it by “vaccine passports” etc. Surely this contravenes human rights agreements such as the Nuremberg Code, The UNESCO declaration on bioethics and human rights and even the Council of Europe’s recent statement, which says (with regard to high vaccine uptake):

“7.3.1 ensure that citizens are informed that the vaccination is NOT mandatory and that no one is politically, socially, or otherwise pressured to get themselves vaccinated, if they do not wish to do so themselves;

7.3.2 ensure that no one is discriminated against for not having been vaccinated, due to possible health risks or not wanting to be vaccinated;”

How can it therefore be justified for employers to demand that employees are vaccinated or that a vaccine passport is required for travel or domestic purposes?

Comparison is made to the Yellow Fever vaccine, which is mandatory for travel to some countries, but that is not a clinical trial.

The Nuremberg Code https://en.wikipedia.org/wiki/Nuremberg_Code



During the Covid 19 Panic, many Governments around the world have conspired to capture their citizens and to subject them to torture. This is very similar to a terrorist or criminal group kidnapping people for either blackmail or profit (or both).  The element of capture has been achieved via a constant barrage of fear and non-stop anxiety mongering. This has been achieved with the almost complete consent of the mass mainstream media who have been willing accomplices.

Once in a captive state, citizens have experienced torture via messages such as “you will die unless you follow our instructions” and coercive tactics such as “all you need to do is this and the torture will end”. “We will allow this if you do that”. Now, they are threatening so-called “Vaccine Passports”.

From the perspective of our politicians and mainstream journalists all of these actions can be justified as “being for the greater good”.

It is well known that in such situations, Stockholm Syndrome can arise. In this syndrome, the abductees, the victims, become seduced by the aura of power and certainty offered by the abductors, the commissioners of the crime. When choices are offered, the victims seek solace in surrender. That surrender is accompanied by a release of the intolerable anxiety and fear.

Stockholm syndrome is a condition in which hostages develop a psychological bond with their captors during captivity. 

 Link:  https://en.wikipedia.org/wiki/Stockholm_syndrome





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} boomfinanceandeconomics.com




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 —  https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-in-the-modern-economy-an-introduction



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).”

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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MOLS Denmark

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