Jul 072020
 


Unknown No Dog Biscuits Today 1939

 

China’s Yuan Policy Has Made Hong Kong Redundant (Nikkei)
China Shares Rally, Asian Stocks Take A Breather (R.)
New Security Law Starts To Break Down Hong Kong’s Pro-Democracy Economy (R.)
TikTok Says It Will Exit Hong Kong Market Within Days (R.)
China Slams US As It Joins Global Arms Trade Treaty At UN (R.)
US Restrictions Drove Deutsche Telekom And Huawei Closer Together (Pol.eu)
US To Force Out Foreign Students Taking Classes Fully Online (R.)
South Korean COVID-19 patient Recovering After Double Lung Transplant (R.)
Hospitalizations Jump 50% In California As Coronavirus Infections Soar (R.)
Six Week Lockdown For Melbourne As Record 191 New Cases Reported (Conv.)
Brazil’s Bolsonaro Says Lungs ‘Clean’ After Coronavirus Test (R.)
US Supreme Court Curbs ‘Faithless Electors’ In Presidential Voting (R.)
California Short on Firefighters as Prison “Slaves” Under Lockdown (MPN)
Assange Lawyer Named French Justice Minister (AAP)

 

 

And all of a sudden (well, not that sudden) there’s so much stuff about China. I started off today reading an article in Nikkei entitled “China’s Yuan Policy Has Made Hong Kong Redundant”, and I thought: that is absolute nonsense. The idea seems to be that Shanghai would take Hong Kong’s place, as the renminbi (yuan) turns into a global currency.

That’s just wishful thinking. Or maybe a reaction to America’s new attitude towards China. The main sticking point for Beijing is a conundrum it cannot solve. The CCP wants to have BOTH a global currency AND total control over that currency. It will have to choose between the two, and cannot make up its mind. So it pretends it does’t have to choose.

Sure, there has been some advancement for the yuan, but I bet most of that is on the back of the Belt and Road (BRI), and that will turn out to be one of the main victims of the coronavirus. The BRI is China’s very clever way of exporting its overproduction, but potential buyers have other things on their mind today.

Meanwhile, even with that, the yuan is used in only 1.8% of cross-currency payments. So the claim that the yuan is used in 30% of China’s trade needs to be taken with a huge salt shaker.

And yes, it may be true that the yuan is now the sixth most used currency in international payments, but that’s only because there is no competition for the USD, and what competition does exist come from the euro.

The sudden, and rushed, take-over of Hong Kong with the new security law will not help China’s plans to be accepted internationally. US big tech is withdrawing, and even some Chinese tech is moving away.

The world’s large investors will not put their money into something that Xi Jinping can declare devalued by 50% on a rainy morning when he sees fit. He will have to cede that kind of control.

And reading through all this, why am I getting the feeling that China does not feel well, that its leaders perhaps have fallen victim to bouts of insecurity?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“You can tell someone’s case for the mythical global yuan is not serious when they write “the yuan is now the sixth most used currency in international payments” rather than “the yuan accounts for about 1.8% of cross-currency payments..”

China’s Yuan Policy Has Made Hong Kong Redundant (Nikkei)

Many have claimed that the national security law China has imposed on Hong Kong will be the death of the city, stifling free speech and driving away businesses. But 10 years ago, China made Hong Kong part of a plan which, even more certainly than the national security law, is rendering the city redundant. For years, Hong Kong has been the entrepot for China’s trade in the region — it accounts for 6.3% of China’s total trade — and a leading international financial center. It has provided the infrastructure for the West to invest in mainland China: about two-thirds of foreign direct investment into and from there goes through Hong Kong.

In 2010, China made Hong Kong a critical component of its policy aimed at developing the yuan as an international currency that non-Chinese residents could hold as an asset or use to pay for international transactions. Before 2010, the yuan had almost no international use or circulation, with less than 1% of China’s trade settled in it. The Chinese monetary authorities had to balance the need to have an international currency and the risk of allowing capital to flow freely in and out of the domestic market. In principle, international currencies need to be fully convertible, but for China this was not a viable route.

Hong Kong’s “one country, two systems” principle provided the solution to China’s conundrum and has been pivotal to the emergence of yuan-led finance, underpinning rising demand and facilitating the yuan business. Hong Kong’s judicial institutions, independent from mainland China, were at the heart of its role as a bridge between the Chinese planned economy and the Western market economy. The move worked, and although the international use of the Chinese currency remains limited, it has undergone significant growth. The yuan is now the sixth most used currency in international payments and is used for settling approximately 30% of China’s trade. Yuan-denominated financial instruments are used more in projects that are part of China’s Belt and Road Initiative.

Yuan activities now account for a large chunk of Hong Kong’s trading as an international financial center, according to estimates by market participants. But rather than making Hong Kong stronger, this increases its dependence on Beijing — and hence its vulnerability. By becoming part of the yuan strategy, a policy-led initiative where Chinese policy makers set the pace and guide the market, Hong Kong has been following Beijing’s lead. A bigger, but related, problem for Hong Kong is that by strengthening the yuan trade, it is also strengthening one of its mainland rivals and making itself less important. Around the time it launched its yuan policy, China also put in place a plan to develop Shanghai as its top international financial center by 2020. According to the latest Global Financial Centres Index, Hong Kong at sixth now ranks lower than Shanghai at fourth. Ten years ago Hong Kong was the most important financial center in Asia and in third place globally after London and New York, while Shanghai ranked 11th.

Read more …

Just yesterday, Beijing talked about “fostering a healthy bull market”. And what the Fed can do, the PBOC can too. Buy buy buy.

China Shares Rally, Asian Stocks Take A Breather (R.)

The Chinese share market extended its positive run on Tuesday, in line with the mainland government’s push for a stronger market, while the rest of the region turned cautious on equities. MSCI’s broadest index of Asia-Pacific shares outside Japan see-sawed during the local session and was down 0.2%, after it briefly traded in positive territory. The negative performance on Tuesday came after the index rose 7% which took it to a 4-1/2 month high in the past five trading sessions. Japan’s Nikkei gave up 0.7% while U.S. stock futures shed 0.25% in Asia after hefty gains on Monday in the wake of surging Chinese shares.

In China, Shanghai’s blue chip CSI300 index and Shenzhen shares, which had gained more than 13% in the past five sessions, rose a further 1.5%, led by rises in the tech sector. Ample Finance Group director Alex Wong said while Chinese market sentiment was positive, investors remained cautious to the risk of that being short-lived. “The mood is still quite strong…and I think people will be willing to hold on for a while as we absorb some of the positive news in the world,” Wong told Reuters in Hong Kong. Analysts said jawboning by the Chinese government through a state-sponsored journal on the importance of “fostering a healthy bull market” published on Monday had spurred the buying binge in mainland Chinese shares.

The current China rally has echoes of the past, especially during 2007 and in the buying binge that followed the crash in 2015 that was largely driven by Chinese retail investors. “Shades of John F. Kennedy’s ‘Ask not what your country can do for you’ inauguration speech here and as close as you might get to a Chinese government ‘put’ as anything the Fed has done to date vis-à-vis the U.S. stock (and credit) markets,” said Ray Attrill, head of FX strategy at NAB, in a research note.

Read more …

The rich can leave if they want to. The rest cannot.

New Security Law Starts To Break Down Hong Kong’s Pro-Democracy Economy (R.)

As soon as Hong Kong’s new national security law came into force last week, Ivan Ng removed all the protest-themed paintings, posters and flags from the list of items for sale at his Onestep Printing shop. Sandra Leung at Wefund.hk, which sells protest-themed artwork and accessories, said she has suspended sales of protective gear worn by protesters, flags with the slogan “Liberate Hong Kong,” and other items carrying popular chants. Jeffrey Cheong, owner of Hair Guys Salon, said he closed his shop down for a few days last week to remove pro-democracy decorations. Ng, Leung and Cheong are three of the 4,500 or so small businesses in Hong Kong’s “yellow economy,” which supports pro-democracy protesters and vice versa. That circle of support is showing signs of weakening in the face of the new law.

“We took down all the protest-related products right after the law was implemented, because the law doesn’t have very clear boundaries of (what constitutes) subversion,” Ng said. In the past week, he said his overall sales are down as much as 80%. Leung said she had withdrawn items for sale she described as “sensitive,” such as gas masks used by protesters and items with anti-police slogans. The new law prohibits what China describes broadly as secession, subversion, terrorism and collusion with foreign forces, with up to life in prison for offenders. It came into force late last Tuesday, about an hour before the 23rd anniversary of China taking back control of the former British colony.

The Hong Kong government went further on Friday, declaring the popular protest slogan “Liberate Hong Kong! Revolution of our times” illegal. Public libraries have started to review books written by pro-democracy activists to see whether they violate the new law. Hong Kong and Beijing authorities insist the city retains a “high degree of autonomy” but critics say the law effectively brings Hong Kong under the control of China’s Communist Party and violates China’s promise to safeguard Hong Kong’s freedom for 50 years after the 1997 handover. Some businesses told local media they had been visited by the police who warned them that pro-democracy decorations were against the new law.

Read more …

Which side of The Great Firewall do you want to be on?

TikTok Says It Will Exit Hong Kong Market Within Days (R.)

TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook suspend processing government requests for user data in the region. The short form video app owned by China-based ByteDance has made the decision to exit the region following China’s establishment of a sweeping new national security law for the semi-autonomous city. “In light of recent events, we’ve decided to stop operations of the TikTok app in Hong Kong,” a TikTok spokesman said in response to a Reuters question about its commitment to the market. The company, now run by former Walt Disney Co executive Kevin Mayer, has said in the past that the app’s user data is not stored in China.


TikTok has also said previously that it would not comply with any requests made by the Chinese government to censor content or for access to TikTok’s user data, nor has it ever been asked to do so. The Hong Kong region is a small, loss-making market for the company, one source familiar with the matter said. Last August, TikTok reported it had attracted 150,000 users in Hong Kong. Globally, TikTok has been downloaded more than 2 billion times through the Apple and Google app stores after the first quarter this year, according to analytics firm Sensor Tower. The source said the move was made because it was not clear if Hong Kong would now fall entirely under Beijing’s jurisdiction in light of the new law.

Read more …

Easy pickings.

China Slams US As It Joins Global Arms Trade Treaty At UN (R.)

China on Monday joined a global arms trade treaty spurned by the United States, taking a swipe at U.S. President Donald Trump’s administration by accusing it of bullying, unilateralism and undermining efforts to combat global challenges. China’s U.N. ambassador, Zhang Jun, said he had deposited China’s instrument of accession to the treaty, which regulates a $70 billion global cross-border trade in conventional arms and seeks to keep weapons out of the hands of human rights abusers. China, which announced its plans in September, becomes the 107th party to the pact, approved by the U.N. General Assembly in 2013. Then-U.S. President Barack Obama signed it, but it was opposed by the National Rifle Association and never ratified by the U.S. Senate.


Trump said in April last year that he intended to revoke the status of the United States as a signatory. In July 2019, the United States told U.N. Secretary-General Antonio Guterres that Washington did not intend to become a party to the treaty and that it had no legal obligations from its 2013 signature. Without naming the United States, but amid escalating tensions between Beijing and Washington, Zhang said in a statement that a “certain country … walked away from international commitments, and launched acts of unilateralism and bullying.” [..] China was the fifth-largest global arms exporter between 2014 and 2018, according to the Stockholm International Peace Research Institute, although China itself does not publish figures for how many arms it exports.

Read more …

A comment on Twitter about an article in German in Handelsblatt:

”Deutsche Telekom has doubled down on Huawei even as concerns rose, including discussions w/Chinese firm about how to get around US sanctions & “tactical” announcements to get T-Mobile/Sprint deal in US approved..”

US Restrictions Drove Deutsche Telekom And Huawei Closer Together (Pol.eu)

Global telecoms giant Deutsche Telekom strengthened its strategic partnership with Huawei last year despite growing defiance toward the dominant Chinese 5G vendor, documents reviewed by POLITICO show. The internal company records describe how Deutsche Telekom and Huawei agreed on a deal in mid-2019 that said the Chinese supplier would take measures to avoid supply chain disruption caused by U.S. measures, as well as cover the costs of potential damages and delays. The deal was struck just weeks before the U.S. administration imposed restrictions on businesses dealing with the Chinese firm in May 2019 — a milestone for Washington’s efforts to push back against Huawei’s dominance on 5G equipment.

It laid the groundwork for a partnership between the two companies for the early rollout of 5G networks in Europe, despite national lawmakers’ efforts in key markets like Germany, the Netherlands and Poland to reduce the use of Chinese equipment. In the months after the deal, the companies underlined mutual commitments to treat each other in preferential ways. Deutsche Telekom executives described Huawei repeatedly as a “strategic partner” that is “key for our 5G plans,” according to the internal documents. On Huawei’s end, Deutsche Telekom was described as a “preferred customer” for its 5G equipment. Deutsche Telekom has repeatedly declined in the past to disclose how much of its networks consist of Huawei equipment.

But in its internal communication, it has likened the scenario of not being able to use Huawei in its broader 5G rollout to “armageddon,” a recent report in German paper Handelsblatt showed. [..] At the core of the mutual agreement is a commitment by Huawei to shoulder the burdens and costs of the U.S. restrictions that have bogged down the Chinese vendor in the past year. “This pledge by Huawei to pay for any disruption adds to that incentive to stick with Huawei,” said Thorsten Benner, director of the Berlin-based Global Public Policy Institute, calling it a “care-free package” offered to Deutsche Telekom.

Read more …

Targeting China once more?!

US To Force Out Foreign Students Taking Classes Fully Online (R.)

Foreign students must leave the United States if their school’s classes this fall will be taught completely online or transfer to another school with in-person instruction, the U.S. Immigration and Customs Enforcement (ICE) agency announced on Monday. It was not immediately clear how many student visa holders would be affected by the move, but foreign students are a key source of revenue for many U.S. universities as they often pay full tuition. ICE said it would not allow holders of student visas to remain in the country if their school was fully online for the fall. Those students must transfer or leave the country, or they potentially face deportation proceedings, according to the announcement.


Colleges and universities have begun to announce plans for the fall 2020 semester amid the continued coronavirus pandemic. Harvard University on Monday announced it would conduct course instruction online for the 2020-2021 academic year. The ICE guidance applies to holders of F-1 and M-1 visas, which are for academic and vocational students. The State Department issued 388,839 F visas and 9,518 M visas in fiscal 2019, according to the agency’s data. The guidance does not affect students taking classes in person. It also does not affect F-1 students taking a partial online course-load, as long as their university certifies the student’s instruction is not completely digital. M-1 vocational program students and F-1 English language training program students will not be allowed to take any classes online.

Read more …

Pretty amazing story. But scary too.

South Korean COVID-19 patient Recovering After Double Lung Transplant (R.)

After a record 112 days on a specialised life-support system, a South Korean COVID-19 patient is recovering from double lung transplant surgery, doctors say, in only the ninth such procedure worldwide since the coronavirus outbreak began. The 50-year-old woman was diagnosed with the disease and hospitalised in late February and then spent 16 weeks on extracorporeal membrane oxygenation (ECMO) support, which involves circulating a patient’s blood through a machine that adds oxygen to red blood cells. That’s the longest that any COVID-19 patient in the world has spent on ECMO support, her doctors said.

Various drugs such as the anti-malarial hydroxychloroquine, the HIV treatment Kaletra and steroids failed to stop her pulmonary fibrosis – scarring in the lungs – from worsening, said Dr Park Sung-hoon, professor of pulmonary and critical care medicine at Hallym University Sacred Heart Hospital. That left few options other than a lung transplant. “The probability of success in lung transplants on ECMO patients is 50%, and fortunately, our patient was well prepared before the surgery when we found the donor,” said Dr Kim Hyoung-soo, director of the hospital’s ECMO programme, who was in charge of the surgery.

The patient declined to be identified or interviewed. The doctors who conducted the eight-hour surgery described her destroyed lungs as hard like rock. She had an acute respiratory distress syndrome (ARDS) when she came to hospital, Park said, and could not live without the ECMO machine’s help. ECMO is typically used on patients who need more help than ventilators can provide, and who are considered to have a 90% chance of dying. Half of patients recover in two to three weeks on ECMO, and a lung transplant is considered for those who don’t, Kim said.

Read more …

Stay home.

Hospitalizations Jump 50% In California As Coronavirus Infections Soar (R.)

New coronavirus cases soared in California over the July Fourth weekend, stressing some hospital systems and leading to the temporary closure of the state capitol building in Sacramento for deep cleaning, officials said on Monday. The number of people hospitalized with COVID-19 has increased by 50% over the past two weeks to about 5,800, Governor Gavin Newsom said at a briefing. About a third of those hospitalized were in Los Angeles County, state and local records showed, with about 630 confirmed and suspected coronavirus patients requiring intensive care. And 25% of the hospitalizations in the county in July were among patients aged 18 to 40, health officials said, as new cases increasingly hit a younger population that may have been lax about safety precautions in recent weeks.


Farther north, nearly 1,400 inmates at San Quentin State Prison have been sickened by the virus, putting pressure on hospitals in Marin County, where the facility is located, Newsom said. All told, 271,684 Californians have tested positive for the virus, including 11,529 in the past 24 hours, state records show. About 6,300 have died. Determined to slow the spread of the disease over the holiday weekend, state alcohol regulators visited nearly 6,000 bars and restaurants to make sure they were complying with new rules banning indoor dining and closing bars that do not serve food, Newsom said.

Read more …

Turns out the 2nd wave concerns lockdowns.

Six Week Lockdown For Melbourne As Record 191 New Cases Reported (Conv.)

The Victorian government will lock down all metropolitan Melbourne for six weeks from Wednesday night, as a new wave of the coronavirus takes hold in the city. The lockdown will also cover the Mitchell Shire, north of Melbourne, which includes the towns of Broadford, Seymour, Kilmore, Tallarook, Pyalong and Wallan. Under the restrictions, people will only be able to leave their home to shop for essential goods and services, for care and compassionate reasons, exercise, and for work and study if it cannot be conducted from home. The dramatic action comes as the Victoria-NSW border closes on Tuesday night, amid some chaos in Albury-Wodonga, and follows the lockdown of suburbs in 12 Melbourne postcode areas, and the “lock in” of 3,000 residents in nine community housing towers.

Read more …

Brazilian media reports he tested positive.

Brazil’s Bolsonaro Says Lungs ‘Clean’ After Coronavirus Test (R.)

Brazilian President Jair Bolsonaro said on Monday he had undergone another test for the novel coronavirus and his lungs were “clean,” after local media reported he had symptoms associated with the COVID-19 respiratory disease. Bolsonaro has repeatedly played down the impact of the virus, even as Brazil has suffered one of the world’s worst outbreaks, with more than 1.6 million confirmed cases and 65,000 related deaths, according to official data on Monday. CNN Brasil and newspaper Estado de S.Paulo reported that he had symptoms of the disease, such as a fever. Bolsonaro told supporters outside the presidential palace that he had just visited the hospital and been tested.


“I can’t get very close,” he said in comments recorded by Foco do Brasil, a pro-government YouTube channel. “I came from the hospital. I underwent a lung scan. The lung’s clean.” The president’s office said in a statement that the president is at his home and is “in good health.” [..] Over the weekend, Bolsonaro attended several events and was in close contact with the U.S. ambassador to Brazil during July 4 celebrations. The U.S. embassy in Brasilia said via Twitter that Todd Chapman, the ambassador, had lunch on July 4 with Bolsonaro, five ministers and Bolsonaro’s son, Eduardo, who is a federal congressman. The ambassador has no symptoms, but will undergo testing and is “taking precautions,” the embassy said.

Read more …

The Electoral College still exists because some people think it’s in their advantage.

US Supreme Court Curbs ‘Faithless Electors’ In Presidential Voting (R.)

The U.S. Supreme Court on Monday refused to free “faithless electors” in the complex Electoral College system that decides the outcome of presidential elections from state laws that force them to support the candidate who wins the state’s popular vote. The justices unanimously rejected the idea that electors, who act on behalf of a state in the Electoral College vote that occurs weeks after voters go the polls, can exercise discretion in the candidate they back. The decision erased a potential complicating factor in the Electoral College as President Donald Trump seeks re-election on Nov. 3 against Democratic challenger Joe Biden. The court sided with Washington state and Colorado, which had imposed penalties on several “faithless electors” – so named because they defied pledges in 2016 to vote for the winner of their states’ popular vote, Democrat Hillary Clinton.


Washington state Attorney General Bob Ferguson said the ruling “reaffirmed the fundamental principle that the vote of the people should matter in choosing the president.” State officials have said faithless electors threaten the integrity of American democracy by subverting the will of the electorate and opening the door to corruption. The plaintiffs had argued that the Constitution requires them to exercise independent judgment to prevent unfit candidates from taking office. “The Constitution’s text and the nation’s history both support allowing a state to enforce an elector’s pledge to support his party’s nominee – and the state voters’ choice – for President,” liberal Justice Elena Kagan wrote on behalf of the court.

Read more …

Only in America.

California Short on Firefighters as Prison “Slaves” Under Lockdown (MPN)

It is the height of California’s dangerous forest fire season. But despite blazes currently raging, the state’s fire department is dangerously understaffed. That is because many firefighters today are not the burly full time professionals of another era, but underpaid convict laborers risking their lives for pennies. Almost 40 percent of California’s firefighters are prisoners. But the state’s penitentiaries are themselves ablaze with COVID-19 outbreaks, leading to widespread lockdowns in what has become a routine for American’s dealing with competing crises. Jails have been among the deadliest hotspots for transmission of the coronavirus. At the notorious San Quentin State Prison just north of San Francisco, there are nearly 1,400 active cases.

Meanwhile, the state has announced the deaths from COVID-19 of 16 inmates at the California Institute for Men in Chino, San Bernardino County. In response to the crisis, prison authorities have enacted strict lockdowns, including at CCC Susanville, the home of the wildfire training program, where there are 224 confirmed active cases of the virus. This is severely hampering the fight against wildfires. Approximately 3,100 inmates work with the fire department tackling blazes, around 2,200 in the front line, and 900 in support roles. Only those with the least serious convictions are considered. Prisoners are paid between $2.90 and $5.12 per day (less than the average income of a sweatshop laborer in Nicaragua), plus $1 per hour of hazard pay during active emergency situations like the deadly fires that engulfed the state late last year.

They work alongside full-time firefighters making an average of $91,000 per year before overtime pay and bonuses but tend to do the harder, less desirable, or more dangerous tasks, leading to multiple deaths in recent years. This has led to widespread condemnation of the practice as akin to “modern slavery,” especially because inmates are effectively barred from even applying to the fire department once their sentences are over. In order to become a firefighter, an emergency medical technician license is required, something that is all but impossible to achieve with a criminal record. Despite this, prisoners still “volunteer” as the work is far more fulfilling than the alternative: more time locked up.

Read more …

“Eric Dupond-Moretti has been appointed as French Justice Minister. Earlier this year, he launched a campaign to grant the Australian asylum in France.”

Assange Lawyer Named French Justice Minister (AAP)

WikiLeaks founder Julian Assange’s lawyer Eric Dupond-Moretti has been appointed as France’s new justice minister. Dupond-Moretti, a prominent criminal defence lawyer, was elevated to the ministry by incoming Prime Minister Jean Castex on Monday. The 55-year-old is known for a his record number of acquittals and led a push by European lawyers for French President Emmanuel Macron to grant asylum to Assange in February. “We consider the situation is sufficiently serious that our duty is to talk about it,” Dupond-Moretti said about Assange’s case at the time.


The Frenchman has said the case against the Australian is unfair, citing Assange’s poor health and alleged violations of his rights while in jail in London Dupond-Moretti’s team also warned of “consequences for all journalists” if Assange is extradited and jailed in the US. French members of Assange’s legal team said they had been working on a “concrete demand” for Macron to grant Assange asylum in France, where he has children. It’s unclear whether Dupond-Moretti will now use his position to grant the Australian asylum.

Read more …

 

 

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Home Forums Debt Rattle July 7 2020

This topic contains 16 replies, has 9 voices, and was last updated by  Dr. D 3 months, 1 week ago.

Viewing 17 posts - 1 through 17 (of 17 total)
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  • #60885

    Unknown No Dog Biscuits Today 1939   • China’s Yuan Policy Has Made Hong Kong Redundant (Nikkei) • China Shares Rally, Asian Stocks Take A Breath
    [See the full post at: Debt Rattle July 7 2020]

    #60886

    V. Arnold
    Participant

    Unknown No Dog Biscuits Today 1939

    I remember that picture; still great…(I’m sure the dog knows)

    …and Turbo Duckling; well, what can I say?
    🙂

    #60887

    Dr. D
    Participant

    Because another day media opened their mouths – run by the CDC who opened THEIR mouths – another lie.

    “In a Commissioners Court hearing for Collin County on May 18th, it was revealed that while previously the determination of a Covid “case” was a confirmed test result, the definition was suddenly changed to count “probable” cases as “cases.” At the same time, the threshold for determining “probable” was lowered to a ridiculous level.
    As Judge Hill said at that May 18th meeting, “If you have a subjective fever and you have a headache and you live in Collin County, you now meet the qualifications to be a probable COVID patient.”

    I believe they also register anyone in your household as CV if anyone tests CV. So one test = ~4 cases.
    Sudden spike! In non-mask states! We’re all gonna dieeeee! Except not. They’re L Y I N G. If you hadn’t noticed from the last 6 months, 180 non-stop days of lying, every day, every presser. However, all good lies must end (although not soon) so they can’t have it both ways: if they lie about the cases, the death rate falls below “Pandemic”, and we have 100% herd immunity. If they don’t lie, then the CV looks like a joke. …And they’re onto and investigating the murdering of, ya know, 50,000 people in nursing homes by actively flouting all known medical safety.

    …Thus Houston comes out and says no ICU crisis (yet). Media responds “ICUs running at 95%” or whatever. Uh, yeah, we don’t keep ICUs at 10% occupancy, duh. They are built and sized to be largely full with some slack. So what’s a slow ICU day? 80%? Because if they have the bed, they’ll err to caution and not move them. If the ICU is under pressure, they slide the scale and get the strongest person into a normal bed if they can.

    Lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies lies.

    Remember, George Floyd is a Covid death and 10,000 unmasked BLM protesters actually PREVENTED Covid. Honust Injun’. I read it in the news, and worse, the Lancet.

    Moving on, St. Fauci – who’s been wrong and dizzily double-crossing his own statements for months – says the Covid vaccine won’t work. You know, the one we have to have to ever open again in the history of the human race? Yeah, might work only for a month or two, can’t tell. But! We must, must make it and take it anyway, at billion dollar cost profit to his and his wife’s pals at Gilead. Yay! Science says we must take medicine that doesn’t work! We must have eternal contact tracing of anyone you ever talked to, with the rights to remove your family for your home at will. Human rights say that must be forced on you at gunpoint! All vaccines are totally indemnified against any possible harm in the most appalling unconstitutional, monopolistic way. We could kill every 8-year-old in the nation and have no consequences. Drinks all ‘round. Doing God’s work here.

    How do you know this is all real? Would I lie about the new “Bunny ebola” just to make billions in cash and win elections by keeping the people in mindless, unthinking fear? C’mon.

    “The whole aim of practical politics is to keep the populace alarmed and hence clamorous to be led to safety by an endless series of hobgoblins, most of them imaginary.” ― H.L. Mencken

    RussiaRussiaRussia. Murder hornets. WMD and ties to Al-Qaeda. Yellowcake. Domino Theory! Remember the Maine! The Wethersfield Indian Massacre! 9 killed!

    Okay let me say it again in that context: Bunny ebola. The country with 5% of the world’s population has 30% of the world’s virus. China has none. Would I lie to you?

    Floyd is a CV death. A guy shot on the highway is a CV death. A baby smothered by her mother was a CV death. “A city councilman in San Diego went through the numbers and in San Diego of 200 reported corona deaths, he could only verify six.” Coffins exhumed in Brazil were as empty as the Covid hospital they didn’t finish and never opened while taking thousands for patients and deaths. What does it take?

    People love lies so much, it can’t end. “Lies: why can’t I quit you??”

    Here’s your recovery tool: calc.exe

    Here’s your first application of Calc: Tesla is now bigger than Toyota and Volkswagen, and larger than Intel, Verizon, AT&T, Walt Disney, Bank of America, and Exxon. They make 30k cars which explode on contact and kill their owners.

    US Supreme Court Curbs ‘Faithless Electors’ in Presidential Voting (R.)”

    The college and this ruling are two different things. I believe the ruling is unconstitutional, like most things out of the court. They were supposed to essentially go to a Constitutional Congress and hammer out the President, as had been done up ‘til then, since they expected 13 Presidents to be promoted, one by each state. The States have rights as sovereign nations in a Union, so they had discretion. However, the Electoral college is the only possible solution both then and now, to a nation where Virginia might have 1/5 or 20% of the nation and Delaware and Rhode Island have 1%. Or today, where CA has 30 million votes and Wyoming has 300 thousand. 40 states would have to secede immediately or never have representation again. Of course this is much-planned and much-desired but I think we’ll avoid it yet.

    I don’t mind the ruling since their setup creates such broad path for bribery, extortion, and general mischief, but expedience is still different from the law.

    #60888

    zerosum
    Participant

    Counting

    https://www.worldometers.info/world-population/us-population/
    United States Population 331,000,000
    Trump – 99% of people will not be severely infected ( therefore 1% infected – 3,310,000)
    Cumo – 99.9% will not die ( therefore .1% will die – 331,000 )

    Today ( https://covid19.who.int/ )
    WHO Coronavirus Disease (COVID-19) Dashboard
    Data last updated: 2020/7/7, 10:50am CEST
    USA infected – 2,877,238 , death – 129,643
    Do you see the projection vs today’s numbers?
    Expert counting and expert knowledge.
    There is a long , bad road ahead. Deaths will increase by 3 times today’s numbers.
    Don’t worry, Stock markets are going up.

    So far ….. demonstrations, BLM), have not been a reported as an increased cause of infections/deaths ( hot spot)
    Maybe numbers will increase from going to the beach due to exposing more skin.
    🙂

    #60889

    Dr. D
    Participant

    Movin’ right along, cases spike!!!

    Fla
    https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/cases%20vs%20deaths%202.jpg?itok=qYoCQ7_3

    Leading to…nothing. No deaths. Just the constant, misreported baseline flu of +70 in nursing homes.

    #60890

    Glennda
    Participant

    The article says: “It is the height of California’s dangerous forest fire season. But despite blazes currently raging, the state’s fire department is dangerously understaffed.” Actually the “height” is in Sept and Oct when undergrowth are super dry tinder.

    Yes, a seriously messed up system here in CA – the war on drugs put a huge number of people behind bars who get paid pennies working in Privately owned and run prisons. The real crime – is the war on drugs, which btw targets POC. Wonder why BLM matters, because they are the ones who end up fighting our fires for pennies.

    And PG&E which caused the fires due to their neglected maintenance of wires and trees etc etc etc has now somehow escaped bankruptcy when it should have been taken over by local governments and be run by elected managers.

    I could go on and on, but the prison one always sets me off. And the 2nd and 3rd waves of the virus will be coming during the real fire season. These fires are not just in the mountains where people build in the forests, but can and do happen in cities. Oakland had a fire take off about 15 years ago. I ended up with a couple staying with us till they got a place again. We are seriously screwed this fall unless we are very very lucky.

    #60891

    The World vs The Virus may pan out to be World War 3. It starts with neighbor against neighbor, etc. Anyone may harbor the Virus/Enemy, so no one is a civilian. But it is really the elites vs the masses. Rights are removed. Authoritarians rule with propaganda, lies, diktat, shaming, bullying, confusion, surveillance. It is a war against human nature. The perpetrators of this war hope it won’t end until human nature dies and is replaced by algorithms.
    The controllers of those algorithms would prefer to be machines. They have made it clear that humans are an infestation on the earth.
    It is a sweet irony that viruses will infect the machines that will spew out the algorithms.

    The most glaring thing about MSM coverage of “Covid” is the reluctance to show any hope. So I urge anyone to visit Off Guardian today to read JB Handley’s article on herd immunity. Lose any fear you might have and put your energies into fighting the real enemy: the coming surveillance state and mass murder They are planning for your future.

    #60892

    zerosum
    Participant

    my parents said know

    I interpret your call to arms, ” the elites vs the masses.”, for the front line fighters/servants, to keep their spittle, and droplets loaded and ready for a surprise unexpected delivery of a load of covrid 19 against a passing opponent.

    #60894

    John Day
    Participant

    http://www.johndayblog.com/2020/07/collaterally-damaged-tony-fauci-has.html
    Tony Fauci has been the go to guy for half a trillion dollars of medical research money for 36 years.
    That’s long term deal making power. He’s “The Decider”.
    There is an ongoing battle to suppress Hydroxychloroquine (HCQ), a cheap and effective drug for the treatment of Covid-19. The campaign against HCQ is carried out through slanderous political statements, media smears, not to mention an authoritative peer reviewed “evaluation” published on May 22nd by The Lancet, which was based on fake figures and test trials​…
    ​In 1999 Gilead Sciences Inc, developed Tamiflu (used as a treatment of seasonal influenza and bird flu). At the time, Gilead Sciences Inc was headed by Donald Rumsfeld (1997-2001), who later joined the George W. Bush administration as Secretary of Defense (2001-2006). Rumsfeld was responsible for coordinating the illegal and criminal wars on Afghanistan (2001) and Iraq (2003).
    ​ ​Rumsfeld maintained his links to Gilead Sciences Inc throughout his tenure as Secretary of Defense (2001-2006). According to CNN Money (2005): “The prospect of a bird flu outbreak … was very good news for Defense Secretary Donald Rumsfeld [who still owned Gilead stocks] and other politically connected investors in Gilead Sciences”.
    ​ ​Anthony Fauci has been in charge of the NIAID since 1984, using his position as “a go between” the US government and Big Pharma. During Rumsfeld’s tenure as Secretary of Defense, the budget allocated to bio-terrorism increased substantially, involving contracts with Big Pharma including Gilead Sciences Inc. Anthony Fauci considered that the money allocated to bio-terrorism in early 2002 would:
    “accelerate our understanding of the biology and pathogenesis of microbes that can be used in attacks, and the biology of the microbes’ hosts — human beings and their immune systems. One result should be more effective vaccines with less toxicity.” (WPo report)
    ​ ​In 2008, Dr. Anthony Fauci was granted the Presidential Medal of Freedom by president George W. Bush “for his determined and aggressive efforts to help others live longer and healthier lives.”

    LancetGate: “Scientific Corona Lies” and Big Pharma Corruption. Hydroxychloroquine versus Gilead’s Remdesivir

    “A secretly recorded meeting between the editors-in-chief of The Lancet and the New England Journal of Medicine reveal both men bemoaning the ‘criminal’ influence big pharma has on scientific research…
    The email continued with a quote from that recording: ‘Now we are not going to be able to … publish any more clinical research data because the pharmaceutical companies are so financially powerful today, and are able to use such methodologies, as to have us accept papers which are apparently methodologically perfect, but which, in reality, manage to conclude what they want them to conclude,’ said The Lancet’s editor-in-chief, Richard Horton.”
    https://www.rt.com/op-ed/493732-big-pharma-pandemic-covid/

    #60895

    zerosum
    Come, come. I would never approve of spitting on anyone, ever, for any reason- even if I thought Covid was deadly. My line of “attack” is to stock up on some food in case I have to “shelter in place” for a real reason: monsters outside my house threatening me with a syringe filled with anything. Or forcing me to buy a cell phone.
    Please do peruse Handley’s article if you haven’t yet. I’m thinking of sending it along to my governor. As they go, he’s been pretty good during this mess. I have been thinking lately about moving to a small town. State politics has overtaken “water feature” (swamp) in my search.

    #60896

    Arttua
    Participant

    Dr D, is the lack of deaths in Florida due to their use of HCQ+? I have read there is widespread use in Florida, but I’m not sure.

    #60897

    zerosum
    Participant

    “almost certainly lead to more death of the older and vulnerable.”
    University don’t want, can’t do, can’t afford, to do online education.
    Money speaks louder than health
    I thought that a university educated professor would be smarter than a politician.

    https://www.usatoday.com/story/news/politics/2020/07/07/coronavirus-donald-trump-urges-governors-reopen-schools-fall/5390294002/

    ‘It’s time to do it’: Trump vows to put ‘a lot of pressure’ on governors to reopen schools this fall
    Michael Collins David Jackson USA TODAY

    Education groups are lobbying for $200 billion in federal funding to help schools reopen. A coronavirus recovery package that Trump signed into law in March included about $13 billion for K-12 schools. Another relief package passed in May by the House includes $58 billion for schools, but the Senate has yet to take up the bill.

    Dean Hart, a New York City-based expert in microbiology and the transmission of viruses and diseases, said children could all too easily become “silent spreaders” of COVID-19, and that would “almost certainly lead to more death of the older and vulnerable.”

    #60898

    Huskynut
    Participant

    Fascinating preprint of a detailed study on the trajectory of Covid deaths across many states/countries by Prof Michael Levitt et al here

    They conclude (counterintuitively) that the trajectory of Covid cases does not fit an exponential curve, but is in fact slowly decreasing day-on-day from Day 1. They offer a couple of speculative mechanisms why this may occur, but the paper confines itself mostly to demonstrating a simple function that fits data sets across many countries, and which could usefully be used to predict the trajectory/plateau.

    My comments on it:
    1. My stats is good enough to understand their reasoning and conclusions, but not strong enough to critique their methodology. I’d like to hear what the real data geeks here make of it
    2. The model has the elegance of simplicity, which provides no place to hide behind excessive complexity or a vast number of input variables, as some of the other models are want to do.
    3. If the model holds on even modest scrutiny, it is time to discuss the adoption of “champion/challenger” as a method of arbitrating between the merits of competing scientific models. The credibility initially given to the Imperial College model – despite it’s historically wild inaccuracy – was conspicuously weird. One of the only ways of preventing such ghastly models infecting discourse is to establish a base model that tracks observed reality as confirmed “Champion”, and have the Fergusson’s et al tear down and rebuild their models until they can show some historically predictive accuracy.

    Of course Levitt has had the advantage of time and the accumulation of data which was not present at the outset, so it’s unfair to criticise IC etc models which didn’t have such data off the back of it.
    I think it’s worth setting aside in the short term the policy etc implications if such a simple model proved to be widely-applicable, and establish whether the model is scientifically fit for purpose.

    #60899

    zerosum
    Participant

    Second wave? Not even close.


    Second wave? Not even close.
    JB Handley
    THE HERD IMMUNITY THRESHOLD (“HIT”) FOR COVID-19 IS BETWEEN 10-20%
    However,
    United States Population 331,000,000
    Trump – 99% of people will not be severely infected ( therefore 1% infected – 3,310,000)
    Cumo – 99.9% will not die ( therefore .1% will die – 331,000 )

    Lets wait and see what happens

    #60900

    V. Arnold
    Participant

    This from ZH:

    I always love your articles and I generally agree with them. As for the Redskins name, I would suggest they change the name to the “Foreskins” to better represent their community, paying tribute to the dick heads in Washington DC.

    https://www.zerohedge.com/political/madness-political-correctness

    Deliciously written article…

    #60901

    zerosum
    Thank you again for producing the link.

    #60909

    Dr. D
    Participant

    I don’t know, and data is hard to come by. One thing I’m sure is happening is people don’t die but have long-term injuries. Those are people we truly want to capture in the data – they are not “recovered” – but all reporting is such garbage it’s just useless.

    My guess is like most diseases it already hit the susceptible first, and whoever would die, mostly has. Now it’s in the population, but most are immune – some apparently unable to “get it” in any way at all. We saw this on the Diamond Princess evil mad scientist hamster experiment. So as it finishes going everywhere, while all measures that destroy all life and liberty were so, so predictably useless, you still have a vanishing minority that are hospitalized, even the young. But a 0.0001% of a very large number is still a lot of people, enough to harm the hospitals (x21M = 2,100 in FL). However, that’s nowhere near the harm the voluntary shutdown has caused. Hospitals may be financially weak for years and more people will die from belt-tightening – but over 5+ years – than we save in CV. 48 went bankrupt already and we have even started. Those will be the most rural, underserved areas, destroying the poor and helping the rich, who buy their health and similarly their private security when ending the police for all. And THAT’S nothing compared to the damage of unemployment and poverty which will doubtless be 10x the CV deaths, but untrackable. #Winning!

    So, mixed bag. HCQ? Don’t know. Other posters say when it’s unpopular, doctors are shutting up and giving it anyway, like Dr. Day. The “Emergency Dose” article last week was actually the OPPOSITE of reported. They made it sound HCQ permission was reversed and was now restricted, re-un-approved by the FDA. In fact, my understanding is they put it on a restricted list in order not to run out. Once they proved they were in safe supply, they took it off the list. That means free reign: prescribe all you want, for whatever, as your doctor sees fit. But that wouldn’t fit the OMB narrative, would lose billions for Gilead insiders like Fauci, and 50% more people wouldn’t be pointlessly murdered, including your grandma. So you see how we couldn’t possibly let that happen. In a worldwide death cult, all deaths = all profits, all power.

    I don’t know why we would want to re-open schools. So they can mis-learn history and practice being drug dealers while being abused by students and teachers alike? What good would that do? At least if they stay home we save wasting their and our time, plus a ton of money. Remember: Baltimore’s competent graduation rate is near 0%, as are scores of other blue school districts. This is not bad enough yet to enact reform. Yet they’re spending $50k/student. Infinite cost, zero results. Must. Keep. Going. Must get to $1M/student with 100% of students both illiterate AND shot, killed, and OD’d on school property.

    But in any case it shows they don’t care even a leeetle bit about students, but about the old, their parents. They sacrifice nothing, look for themselves, and throw all children under the bus every day. If they didn’t, the world wouldn’t look like it does. Sorry. I’m not a kid myself anymore, but I’ve never seen such dedication to selfish interest and universal support to end all innocence and destroy every woman’s child by every means we can think of. How it’s invisible and not just tolerated, not approved, but actively lauded from every hilltop is beyond me. Just the first consequence of being #AntiLife, I guess. After all, that’s what a Death Cult is.

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