THE COVID VACCINES MAY NOT BE SAFE OR EFFECTIVE
The current dominant narrative that “the vaccines will save us … and the economy will therefore recover” is an assumption. If it is true, then the economic future may well be bright. But if it is false, then the economic future will have to be re-assessed. False assumptions result in false conclusions.
BOOM has been a fan of Gail Tverberg and her Blog “Our Finite World” for many years. She has a strong following because she consistently writes excellent articles on economics and energy. But this week she has produced a review of the so-called Covid “vaccines”. Her article is called “Covid Vaccines Don’t Really Work as Hoped”. It is one of her finest efforts.
These injectables are much loved by politicians even though they are clearly far from ideal products. Along with the mainstream media, they continue to promote them ceaselessly by repeatedly calling them “safe and effective”. This statment is never qualified which implies that the products are 100 % safe and 100 % effective. However, many experts believe them to be far from safe and not very effective. In the clinical trials conducted in late 2020, for example, they produced absolute risk reductions of only 0.84 % – 1.3%. That means that they are hardly worth considering as society-wide preventive strategies against Covid 19. Relative risk reductions are used (frequently) to describe their effectiveness as “95%” but this is a mis-leading and fraudulent statement.
The truth concerning Covid vaccine effectiveness is being revealed in Israel, the most fully vaccinated nation of size. A BOOM correspondent described the situation beautifully — “the wheels are coming off in Israel, the most vaccinated country on Earth”.
He was referring to a statement by Dr Kobi Haviv, the director of the Herzog Hospital in Jerusalem. Herzog is the third largest hospital in the city. It specializes in care for the elderly. Dr Haviv stated that:
“95% of the severe patients are vaccinated
85-90% of the hospitalizations are in Fully vaccinated people
We are opening more and more COVID wards
The effectiveness of the vaccine is waning/fading out”
His statement deals with the lack of effectiveness that is becoming rapidly apparent in his hospital after only 6 months in a nation where the majority of adults have been vaccinated with the Pfizer jab.
In fact, in the general Israeli community, government stats reveal that 80 – 90 % of new Covid cases have also been fully vaccinated.
He did not comment on the lack of safety which is revealed in the Adverse Events Reports coming in to official government statistics from the US, Europe and the UK.
As of July 21st, the Total Deaths following Vaccination reported by families in those regions amount to 34,052. Total Vaccine Injuries Reported amount to almost 5.5 Million.
According to many studies, these numbers generated by self reporting systems probably represent somewhere between 1 – 10 % of the actual total. So we could be looking at 340,000 deaths or, worst case, perhaps 3.4 Million deaths. The worst case scenario for injuries could be 500 Million. These are staggering numbers to contemplate, especially if these products are not as effective as promoted.
If the vaccines are not effective after just 6 months and if their adverse event rate is being under-reported, then we have a two fold problem, both of which will make the economic future worse, not better. We could well be faced with more resistant variants of the virus combined with a large number of citizens incapacitated by death and chronic illness.
If, as some say, both the virus and the vaccines are effectively Bio-weapons delivering pathogenic Spike Proteins and Spike Protein fragments, then they are certainly the most effective Bio-weapons imaginable with the potential of damaging economies on a grand scale, not just once but permanently. The result could be a Tsunami of death and disease overwhelming hospitals and their medical staff simultaneously. The military forces could also become incapacitated and unable to effectively defend their respective nations.
So the possibility of the vaccines not being safe and not being effective must be seriously considered.
Read Gail’s article — here is the Link:
SWEDISH ECONOMY ROBUST
Ever since the Covid 19 phenomenon began, one nation has chosen common sense as the best policy setting. That nation is Sweden. They have not had strict lockdowns, mandated masks or rigid social distancing. They have tried to get on with life using the best judgement of their people. This is the opposite approach taken by many other advanced economies where Totalitarian “solutions” have been adopted.
So what has happened to the Swedish economy? Measured in GDP numbers, it has barely been affected over the time period. The moderate economic recession of 2020 has been completely reversed in 2021. In fact, its economy has now resumed economic growth. The economy is now bigger than its pre-pandemic size.
Its annual CPI inflation rate is low around 1.3 %. However, its unemployment rate is around 10 %. The good news is that business confidence is surging higher to record levels and consumer confidence is strong. Its stock market is roaring higher.
And what about the “horrible pandemic”, the “killer virus”, the “delta strain”? The Daily Death rate attributed to Covid is now close to Zero.
GOLD AND SILVER UNDER PRESSURE
On Friday, the US Dollar prices of Gold and Silver got hammered. Gold dropped 2.5 % on the day and Silver dropped 3.35 %. Over the last 12 months, Gold is clearly in a downtrend channel and Silver is trapped in a trading range with recent weakness suggesting the beginning of a downtrend. Platinum has been falling since March and fell ominously by 7.7 % on Friday.
It seems that investors cannot find any strong reason to buy these precious metals in present circumstances. Asset Price inflation is probably the strongest deterrent. Real estate and stocks are the place to be. Even Bonds are doing well lately, rising steadily in price since March.
Over the last 12 months the US Dollar index has effectively traded in a sideways range. So the weakness in precious metals prices cannot be explained by a stronger Dollar.
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.
CLICK HERE FOR PODCASTS: OUR BRAVE NEW ECONOMIC WORLD
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.
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”.
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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