Feb 012021
 
 February 1, 2021  Posted by at 10:21 am Finance Tagged with: , , , , , , , , ,  30 Responses »


Balthus Therèse dreaming 1938

 

The Store of Value Generation is Kicking Your Ass (Mark Cuban)
Is Robinhood On The Brink Of Collapse? (GIH)
Silver Prices, Miners Surge As Retail Buyers Pile In (R.)
To The Brink And Back On GameStop (R.)
Melvin Capital Loses 53% In January Over Bet Against GameStop (RT)
Bill Gates, Big Pharma and Entrenching The Vaccine Apartheid (M&G)
France & Germany Threaten AstraZeneca With Legal Action (RT)
GOP Tries To Gut Survival Checks (DP)
Trump Announces New Lawyers To Lead Impeachment Defense Team (JTN)
ExxonMobil and Chevron Held Merger Talks In 2020 (G.)
China Building Digital Silk Road From Asia Through Africa To Europe (RT)
Vitamin B1 Deficiencies Are Plaguing Fish and Birds (Atl.)

 

 

 

 

 

 

“Wall Street and the agency that governs it, the SEC have become fat and happy. Fat and Happy makes old school slow and resistant to change.”

The Store of Value Generation is Kicking Your Ass (Mark Cuban)

[..] there are a growing number of investors and traders who think that the digital goods and CryptoAsset marketplaces are better than old school physical markets and the stock market and most of them are young. They love the fact that NO ONE has power over them. That there is no central authority and they get the results of their own efforts without some government agency or big company fucking with them. Every negative , consequential financial moment in their collective lives has been the result of some massive entity getting greedy and fucking things up for them. On the flipside, they have also been watching some of their peers gain wealth with Crypto and Digital Assets, most starting with not much capital.

Those peers have also been very vocal about the lack of interference by Old Schoolers with Crpto and Digital Assests and much of those gains have come from all of them doing the same thing, buying and Holding On for Dear Life. They have learned that with digital assets, acting in unison can bring wealth to those who otherwise would not have access to it. That is power and they know it and they are learning how to use it. So what does this have to do with Wall Street Bets (WSB) and $GME and the other stocks they are trading ? Well, it’s pretty obvious that the WSB traders are applying the same principles of the digital/CryptoAsset world to the stock market and they are loving the fact that the old schoolers are hating it.

They know that Wall Street hasn’t changed much in generations. Sure it has gone digital in many respects, but the way the game has been played has not changed. Wall Street is 100pct top down controlled and regulated. Which stock is next in the S&P 500 ? Which is removed ? No one knows, but it is provocative and can change fortunes for investors. SEC decides to use their own in-house Administrative Law Judges and prevent defendants from having their constitutional right to a jury trial ? Yup. You can’t afford to fight them. Tough shit. Big brokerages get to have calls and put out notes to their millions of clients with price targets in hopes of moving markets, but think its wrong for Sub Reddits to do the same ? Yup. The ultimate in stock manipulations, corporate stock buy backs were illegal prior to 1982, till the SEC put a former Broker CEO in charge. Wanna guess what has happened to CEO compensation since then ?

Wall Street and the agency that governs it, the SEC have become fat and happy. Fat and Happy makes old school slow and resistant to change. Very resistant. And obviously very unaware of the change that is happening around them.

Read more …

What hat does Robinhood have on?

“For equity brokers who clear their orders properly, there is no reason to limit $GME purchases to one. There is no reason to limit withdrawals..”

Is Robinhood On The Brink Of Collapse? (GIH)

The question remains – is Robinhood running a b-book. For those who are not familiar with OTC brokerage, a b-book is where the losers trade. When you open an account, you get flagged either as a winner or a loser, if you are on the A-Server then your trades flow through to the market, this is known in OTC as “Straight Through Processing” minus a small fee, or the “A-Book.” The “B-Book” or “Broker Book” or “Bad Book” depending on who you ask, is where your trades are placed directly against the broker itself – like spread betting. In this case, the customer losses become the brokers profits, and the reverse. This typically works well for brokers as most retail traders lose. But is Robinhood running a b-book? The answer is we don’t know and would not know, because a b-book broker would never disclose it.

According to public data, this may be a complex convoluted b-book. Citadel not only pays Robinhood for order flow data, Citadel Securities also clears orders for Robinhood. Not only that, Robinhood gets 35% of it’s revenue from Citadel: According to a June report from the Financial Times, $39 million of Robinhood’s revenues from equities and options order flow came from Citadel Securities, a market maker sister firm of Citadel. At the time, this represented more than 35% of the trading platform’s revenues. Which looks like the FXCM trick; Robinhood is not operating a b-book. They clear through Citadel Securities, a market maker, who b-books the trades (goes short basically) by not clearing them. In addition to that, Citadel is heavily invested in Melvin Capital, the hedge fund with a massive short position in $GME.

NOTE: It is not possible to short private equity stock. Robinhood is currently a private company, available on private markets. They claim to have plans for an IPO but so did Refco. If Robinhood’s book is as toxic as it seems, there is no way out for the firm other than to drive the prices of these stocks back down, or to simply reverse the positions which never really existed in the first place. They might want to call b-book mastermind Dror “Drew” Niv who was able to mask his b-booking operation by creating an offshore entity who was the sole counterparty of transactions below a certain size. He’s currently chumming it up with his bros in Greenwich, CT since his firm FXCM has been permanently banned by the NFA.

We aren’t saying that Robinhood is a fraud, we are saying that all the signs are there. For equity brokers who clear their orders properly, there is no reason to limit $GME purchases to one. There is no reason to limit withdrawals, or need ‘liquidity’ for net cap requirements. Running a broker-dealer is not so complicated like an OTC desk, orders match up and it’s all exchange traded. Broker dealers don’t take any risk, at least any meaningful risk. Market makers do. This is the question that we should be asking Vladimir – are you acting as an agent or a principal?

Read more …

WallStreetBets is now setting prices?

Silver Prices, Miners Surge As Retail Buyers Pile In (R.)

Silver prices leapt to a five-month high on Monday and small silver miners listed in Australia surged after social media calls to buy the metal and emulate the frenzy that has driven GameStop shares up 1,500% in two weeks. Spot silver rose as much as 7.4% to $28.99 an ounce, the highest since mid-August. Shares in a handful of mining firms such as Argent Minerals, Boab Metals and Investigator Resources leapt more than 15%. Coin-selling websites also reported unprecedented demand and flagged delays in delivering bullion. The moves are the latest example of small-time traders buying en masse, particularly of stocks and other assets that were heavily bet against, resulting in large losses for major investors.


“There is this curious situation now where the Reddit crowd has turned its sights on a bigger whale in terms of trying to catalyse something of a short squeeze in the silver market,” said Kyle Rodda, an analyst at brokerage IG Markets in Melbourne. “The most important factor here is that silver is heavily shorted, the paper market is much, much larger than the underlying commodity can justify,” he said. “There’s a lot of commentary on these platforms to pile in to the miners.” Silver prices are up 15% since Wednesday’s close, around when messages began circulating on forums such as Reddit encouraging users to buy the metal and drive up prices.

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“..the idea to short GameStop had long been a favorite at exclusive “idea dinners”, where fund managers swap their best trades.”

To The Brink And Back On GameStop (R.)

The extent of losses has exposed a big weakness on Wall Street. Analytics firm S3 said GameStop short sellers had mark-to-market losses of nearly $20 billion so far this year. Several hedge fund managers said the idea to short GameStop had long been a favorite at exclusive “idea dinners”, where fund managers swap their best trades. Managers also noted traders, many of whom who work at multi-strategy funds that employ pods of portfolio managers, traders and analysts, often know each other well and may compare notes. Gabe Plotkin’s Melvin Capital, one of the funds gored most by GameStop’s gains, took a $2.75 billion bailout from his one-time mentor Steve Cohen and Citadel’s Ken Griffin. The funds involved have taken a dent: Cohen’s Point72 Asset Management lost roughly 15% in January partly because of its investment in Melvin.


Melvin’s assets slid during the month from around $12.5 billion to $8 billion, a source familiar with the situation said. Maplelane Capital, another fund that bet against GameStop, had lost roughly 45% in January, a person familiar with the fund’s returns said. Even Viking Global Investors, one of the world’s best-performing hedge funds, was off some 7%, people familiar with the returns said. “Being short consensus stocks is just bad business,” said Dinakar Singh, a former Goldman Sachs trader who now runs hedge fund Axon Capital and was not short the stock. “It is great while it is working but when it isn’t anymore one guy’s problem triggers everyone’s headache. It becomes a circular disaster.”

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This is not over.

Melvin Capital Loses 53% In January Over Bet Against GameStop (RT)

Hedge fund Melvin Capital felt the effects of the buying spree spurred by individual buyers from the r/WallStreetBets subreddit account, with the group losing 53 percent in January. Despite the loss, Melvin Capital received fresh cash from investors by the end of January after taking heavy losses due to the unexpected and record stock gains for companies like GameStop, according to a source cited by Reuters. Melvin started January with $12.5 billion in assets, but is closing out the month with $8 billion, according to the Wall Street Journal’s report on the losses. It closed out its short position on GameStop in the wake of the massive surge. Other groups like Citron have also felt the squeeze by betting against GameStop and have closed their short positions with heavy losses.


GameStop became the center of controversy after motivated buyers sought to flood the market and increase its stock price aiming to upset Wall Street hedge funds. Trading at a mere $10 a share in October, GameStop closed out Friday at $325 a share. It has seen a total gain of over 1000 percent this year. Redditors also invested into other surprising companies like AMC leading to a frenzy on Wall Street as longtime investors found themselves trading in a quickly fluctuating and unpredictable market. Traders who bought into GameStop mainly did so through the app Robinhood, which controversially stepped in and halted trading on certain companies and then limited it, claiming this was a move to prevent market manipulation.

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Rania Khalek: “Too bad there’s so much hatred for bill gates over a conspiracy theory that he wants to micro chip us when actually he’s just a billionaire monster trying to cash in on vaccine profits.”

Bill Gates, Big Pharma and Entrenching The Vaccine Apartheid (M&G)

In October 2020, diplomats from South Africa and India approached the World Trade Organisation (WTO) with a revolutionary proposal. Together, the two countries argued that countries should be allowed to ignore any patents related to Covid-19 vaccines, for the duration of the pandemic. In other words: everyone should be allowed to manufacture the vaccine, without penalty. In their official communication, the countries said: “As new diagnostics, therapeutics and vaccines for Covid-19 are developed, there are significant concerns [about] how these will be made available promptly, in sufficient quantities and at affordable prices to meet global demand.” Just a few weeks later, Pfizer and BioNTech announced the first successful phase three trials for a Covid-19 vaccine, followed swiftly by Moderna and AstraZeneca.

In developing countries, jubilation at the prospect of a swift end to the devastating pandemic turned quickly into fear and anger, as it became clear that vaccines would only be made available to the rich, with little thought to equitable distribution. Canada, the worst offender, has pre-ordered so many vaccines that it will be able to vaccinate each of its citizens six times over. In the UK and US, it is four vaccines per person; and two each in the EU and Australia. The vaccines that have been made available to the developing world are either untested — such as the Chinese and Russian vaccines, for which insufficient clinical trial data has been released — or expensive. South Africa has ordered 1.5-million doses of the AstraZeneca vaccine, but will pay more than double what the EU is paying per dose.

The EU says that it is entitled to a lower price because it invested in the vaccine’s development — nevermind that the AstraZeneca vaccine was literally tested on the bodies of South Africans who volunteered to be part of the clinical trial in Johannesburg. In lower income countries, the situation is even worse. As of 18 January, 39-million vaccine doses had been administered in the world’s 50 richest countries, compared to just 25 individual doses in low-income countries. It appears that South Africa and India were right. Under the current rules, the vaccine cannot be made quickly or cheaply enough to meet global demand, which vaccines are only going to those countries that can afford it. This is a “catastrophic moral failure”, said the head of the World Health Organisation (WHO), Tedros Adhanom Ghebreyesus.

Some activists have described the situation as a “vaccine apartheid”. Nonetheless, the proposal for a patent waiver has been repeatedly rejected at the WTO by wealthier countries including the European Union, the United Kingdom, US and Switzerland; countries which, as Reuters wryly noted, are “all home to major pharmaceutical companies”. They also all enjoy early access to the vaccine. Nor has South Africa and India’s proposal received support from the most influential non-state actor in global public health: Bill Gates. The pandemic has been good to Gates. In 2020, the Microsoft cofounder added $18-billion to his fortune, which now stands at a cool $131-billion (the annual GDP of Ethiopia, a country of 112-million people, is $96-billion). He is the fourth-richest person in the world.

The Bill and Melinda Gates Foundation has since its inception in 2000 spent more than $54-billion combating diseases such as polio and malaria and bolstering the health systems of developing countries. It funds everything from governments to civil society organisations to health journalism outlets, which means it has an enormous say in how health policy is shaped and communicated. It also contributes 12% of the WHO’s total budget. But despite Gates’ stated commitment to an equitable distribution of the Covid vaccine, he is refusing to back South Africa and India’s calls for a waiver on patents.

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The wrong fight.

France & Germany Threaten AstraZeneca With Legal Action (RT)

Tensions in a row between AstraZeneca and the EU over vaccine shortages have heightened further as Paris and Berlin said the company should face penalties or even legal action if it turns out it preferred Britons to Europeans. “I am not saying that there is a problem but if there is a problem and that [they] have favored other destinations, other countries – for example the UK – over us then we will defend our interests,” France’s Secretary of State for European Affairs Clement Beaune told the French Radio J on Sunday, adding that the company is now facing “serious accusations” and that is not something that Brussels treats “lightly.” The official then said that the British-Swedish vaccine manufacturer could face “penalties or sanctions” if found to have prioritized its British clients over the European ones.


Beaune added that Brussels could punish the company by refusing to order any supplementary doses or imposing penalties “foreseen by the contract.” The EU has struck an advance purchase agreement with AstraZeneca worth €336 million ($407.8 million) but not all of the money has been paid to the company. Beaune admitted that there is an investigation into AstraZeneca that is still ongoing and the Europeans first need “clarity and transparency.” Still, he said, “if there has been a preference granted to the British, then that’s a problem.” A similarly stark rebuke came from Germany, where the Economy Minister Peter Altmaier told Die Welt daily that “if it turns out that individual companies are not complying with their obligations, a decision must be made about legal consequences.”

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Biden promised the $2,000 checks “immediately”. Where are they? Why try and blame this on the GOP instead?

GOP Tries To Gut Survival Checks (DP)

A group of Republican senators is pushing to cut the size of the next round of COVID-19 relief checks and significantly limit who’s eligible to receive the payments, as the Biden administration continues to indicate that it would be open to further restricting who’s eligible for survival checks. Last month, President Joe Biden promised that $2,000 checks would “go out the door immediately” if Democrats managed to win the two Georgia senate runoff races and claim control of the Senate. After Democrats pulled off two miracle victories in Georgia, Biden quickly narrowed his pledge to new $1,400 checks, asserting that the $600 checks authorized by Congress in December were a down payment on his plan.


On Sunday, ten moderate Republicans proposed new $1,000 checks instead as part of their own scaled-down coronavirus relief package. Under their proposal, survival checks would go to far fewer Americans than in previous relief bills — only to “families who need assistance the most,” according to a letter they sent to the White House. While the details haven’t been released yet, one Republican involved in the effort, Sen. Rob Portman of Ohio, told CNN on Sunday that direct payments should only go to individuals earning less than $50,000 and families earning less than $100,000. In previous COVID relief bills, full rounds of survival checks have gone to individuals earning up to $75,000 and couples earning up to $150,000. Limiting assistance the way Portman described would cut off relief to millions of Americans who have previously received economic impact payments.

Read more …

Like the spotlight?

Trump Announces New Lawyers To Lead Impeachment Defense Team (JTN)

Lawyers David Schoen and Bruce L. Castor Jr. will lead former President Trump’s impeachment trial defense team, according to an announcement on Sunday from the Office of Donald J. Trump. The announcement notes that the two attorneys consider the impeachment unconstitutional and that Schoen had already been working with Trump and other advisors to get ready for the approaching Senate trial. “It is an honor to represent the 45th President, Donald J. Trump, and the United States Constitution,” Schoen said in a statement included in the announcement. “I consider it a privilege to represent the 45th President,” Castor said. “The strength of our Constitution is about to be tested like never before in our history. It is strong and resilient. A document written for the ages, and it will triumph over partisanship yet again, and always.” The House of Representatives voted in favor of impeaching Trump earlier this month during the waning days of his term in office.

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110 years after Standard Oil.

ExxonMobil and Chevron Held Merger Talks In 2020 (G.)

The chief executives of American oil companies ExxonMobil and Chevron held preliminary talks in early 2020 to explore combining the two largest US oil producers in what would have been the biggest merger of all time, according to people familiar with the matter. The discussions, which are no longer ongoing, are being seen as having tested the waters for the huge corporate marriage after the coronavirus pandemic shook the world last year, the Wall Street Journal reported on Sunday. Such consequential discussions are indicative of the pressure the energy sector’s most dominant companies faced as Covid-19 took hold and crude prices plunged. The talks between Exxon chief executive, Darren Woods, and Chevron CEO, Mike Wirth, were serious enough for legal documents involving certain aspects of the merger discussions to be drafted, one of the sources told Reuters.

[..] The discussions were described as preliminary and although were not ongoing could come back in the future. Such a deal would reunite the two largest descendants of John D Rockefeller’s Standard Oil monopoly, which was broken up by US regulators in 1911, and reshaped the oil industry, the Journal reported. A combined company’s market value could top $350bn, creating the world’s second largest oil company by market capitalization and production, second only to Saudi Arabia’s state oil producer, Aramco. Such a big American oil merger could run into regulatory and antitrust hurdles in the new Biden [presidency], which has taken the US back into the Paris climate accords.

Last week Biden signed new environmental orders, saying the climate crisis was an existential threat demanding urgent remedies and introduced his team, including former secretary of state John Kerry as the new US climate global envoy. During the election campaign last October, Biden said he would push the US to “transition away from the oil industry”.

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Huawei.

China Building Digital Silk Road From Asia Through Africa To Europe (RT)

The final stretch of a cross-border fiber optic cable is set to be laid by China in Pakistan to create the Digital Silk Road (DSR), Nikkei Asia reports. The DSR is part of the broader Chinese Belt and Road Initiative (BRI).
The fiber cable will link to the Pakistan East Africa Connecting Europe (PEACE) submarine cable in the Arabian Sea, to service countries participating in BRI, and Europe. It is currently being laid between Pakistan’s Rawalpindi city and the port cities of Karachi and Gwadar. The $240-million project, which is in partnership with China’s Huawei Technologies, was approved by the government last week.

The laying of sea cable in Pakistan’s territorial waters will begin in March, following government approval this month for Cybernet, a local internet service provider, to construct an Arabian Sea landing station in Karachi. The Mediterranean section of the cable is already being laid, and runs from Egypt to France. The 15,000 kilometer-long cable is expected to go into service later this year. The PEACE cable will provide the shortest direct internet route between participating countries, and will drastically reduce internet data transfer speeds.

It is expected to help reduce Pakistan’s exposure to internet outages from damaged submarine cables by providing an additional route for internet connectivity. According to Eyck Freymann, author of ‘One Belt One Road: Chinese Power Meets the World,’ the BRI is evolving to place less emphasis on traditional heavy infrastructure, and more on high-tech cooperation and digital services. He told Nikkei Asia that “Beijing wants to dominate the physical infrastructure underlying global communications, particularly the internet,” adding: “This will give it an advantage in internationalizing its tech sector and pursuing future tech-related deals with partner countries.”

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“..some unexplained process is compromising the foundation of the Earth’s food web by depleting ecosystems of this critical nutrient.”

Vitamin B1 Deficiencies Are Plaguing Fish and Birds (Atl.)

Disoriented little fish caught the attention of staff members at the Coleman National Fish Hatchery in Red Bluff, California, in early January 2020. Looking down into the outdoor tanks—called raceways—the facility’s employees noticed that among the dark, olive-colored clouds of live fish, there were occasional slivers of silver from the undersides of tiny fry that were struggling to swim. These small fish would roll onto their sides, sink to the bottom for a moment, spring back upright, swim a few strokes, and then roll over again. Many were dying, too. While a few hundred mortalities daily in a facility containing millions of fish is normal, something was definitely amiss. Daily mortality “was in the thousands, and it didn’t go down,” says Brett Galyean, complex manager at the hatchery.

Galyean and his team had already hatched and released into the raceways between six and seven million fish—about half of Coleman’s annual production—and the prospect of losing many or most of them began to seem very real. Biologists at the California-Nevada Fish Health Center, an on-site lab at the hatchery, which is located on a tributary of the Sacramento River, inspected the fish but couldn’t make a diagnosis. A few samples were sent to the University of California, Davis, for more testing. Around that time, Galyean recalls, other salmon hatcheries in the state began reporting unusually high mortality rates in their fish. Whatever was afflicting Coleman’s salmon was evidently impacting fish across Northern California. Short of better explanations, Galyean and his colleagues grew concerned that a virus was sweeping through their brood.

Grasping for ideas as thousands of fish expired each day, they turned to the internet, where they dug up research on nutritional deficiencies in trout from the Great Lakes, as well as Atlantic salmon on the East Coast. Several decades ago, sick and dying fish in these regions had been found to be deficient in thiamine, or vitamin B1—a basic building block of life, critical to the functioning of cells and in converting food into energy. Encouraged by this finding, biologists at the Fish Health Center ran a trial, submerging about half of the fry in a bath of water and dissolved thiamine powder. It worked like a charm, Galyean says. After several hours, nearly all of the treated fish were behaving normally, while symptoms continued in an untreated control group.

Coleman, as well as the other hatcheries, scaled up the treatment and applied it to more than a million fry. It did the job in the short term, but it didn’t solve the underlying problem. Because the fish acquire thiamine by ingesting it through their food, and females pass nutrients to their eggs, the troubling new condition indicated that something was amiss in the Pacific Ocean—the last place the fish eat before entering fresh water to spawn. Now, California researchers investigating the source of the salmon’s nutritional problems find themselves contributing to an international effort to understand thiamine deficiency, a disorder that seems to be on the rise in marine ecosystems across much of the planet. It’s causing illness and death in birds, fish, invertebrates, and possibly mammals, leading scientists to suspect that some unexplained process is compromising the foundation of the Earth’s food web by depleting ecosystems of this critical nutrient.

Read more …

 

 

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Jan 272021
 
 January 27, 2021  Posted by at 6:21 pm Finance Tagged with: , , , , , , , , , , , ,  20 Responses »


John William Godward Dolce Far Niente (It’s Sweet Doing Nothing) 1909

 

 

By now, I’m at the point where I wonder why nobody -that I know of- has tried holding governments, scientists, scientific journals, MSM, responsible for their negligence of COVID-related treatment and prophylactic evidence that is everywhere if you’re willing to look for it.

Because this negligence may well be the reason for millions of deaths, hospitalizations, untold misery, and the disruption of entire societies and economies. When will we hold the willfully blind and dumb feet to the fire for causing all this?

So far, there’s no sign we ever will. But there must be someone, in some country, with the courage and means to bring this before a court. If you’ve lost members of your family, and you realize that could -perhaps even easily- have been prevented, or if you’re a Long-COVID patient yourself, why not try and hold those responsible to account?

It may take some effort to determine who ultimately IS responsible, but if you’ve just lost a loved one, why not give it a try? Politicians, when prompted, will point their accusing fingers at their science “experts”, who will point to research and journals, which will point to… Let a judge decide. And more importantly, let’s all take the blinders from our eyes and prevent more unnecessary deaths and suffering.

 

At the Automatic Earth, we’ve been talking, including our in-house medical commenters, since February 2020, about things that could have prevented a lot of COVID cases. And for us it’s astonishing that at least some of these things still haven’t been adopted, that we are exclusively discussing vaccines instead.

The first substance that came up way back when was vitamin D. One of the many times I wrote about it was in September, quoting the Daily Mail. That was four months ago. How many people have died since? While “People who get enough vitamin D are at a 52 percent lower risk of dying of COVID-19?” Why have these people died? Why is there not one single country that has a nationwide program to boost vitamin D levels in all its citizens when both death and infection itself could be lowered by some 50%?

 

Vitamin D

People who get enough vitamin D are at a 52 percent lower risk of dying of COVID-19 than people who are deficient for the ‘sunshine vitamin,’ new research reveals. Vitamin D plays a crucial role in the immune system and may combat inflammation. These features may make it a key player in the body’s fight against coronavirus. Rates of vitamin D deficiency are also higher in some of the same groups who have been hardest hit by coronavirus: people of color and elderly people.


It’s by no means a causal link, but suggests that vitamin D could play a role in who gets COVID-19, who gets sickest from it, and who is spared altogether. Boston University’s Dr Michael Holick found in his previous research that people who have enough vitamin D are 54 percent less likely to catch coronavirus in the first place. [..] about 42 percent of the US population is vitamin D deficient. If that rate held true for the more 203,000 Americans who died of coronavirus, perhaps some 85,000 would have fared better with improved vitamin D levels.

 

The second substance we should discuss -but don’t- is ivermectin. The FLCCC has finally succeeded in getting the US NIH to approve it for use, after Dr. Pierre Kory said almost 2 months ago in the Senate that “If you take [ivermectin], you will not get sick.” How many people died in the USA since his December 8 testimony? What does Dr. Fauci have to say about that? Or is he still focused on remdesivir, which Kory mentions? He must be the only one.

 

‘Miraculous’ Ivermectin Approved For Use In The US For COVID-19

Following the diligent efforts of physicians associated with a group called Front Line Covid-19 Critical Care Alliance (FLCCC), the National Institutes of Health (NIH) has upgraded their recommendation for the “miraculous” drug ivermectin, making it an option for use in treating COVID-19 within the United States. The result comes one week after Dr. Paul Marik and Dr. Pierre Kory—founding members of the FLCCC, along with Dr. Andrew Hill, researcher and consultant to the World Health Organization (WHO), presented their data before the NIH Treatment Guidelines Panel. A press release from FLCCC explains the “new designation upgraded the status of ivermectin from ‘against’ [the drug’s use] to ‘neither for nor against,’ which is the same recommendation given to monoclonal antibodies and convalescent plasma, both widely used across the nation.”


“By no longer recommending against ivermectin use,” the statement said, “doctors should feel more open in prescribing ivermectin as another therapeutic option for the treatment of COVID-19. This may clear its path towards FDA [Food and Drug Administration] emergency use approval.” “Ivermectin is one of the world’s safest, cheapest and most widely available drugs,” explained Dr. Kory, President of the FLCCC Alliance. “The studies we presented to the NIH revealed high levels of statistical significance showing large magnitude benefit in transmission rates, need for hospitalization, and death. What’s more, the totality of trials data supporting ivermectin is without precedent.”

Pierre Kory

Pierre Kory (FLCCC Alliance) on the importance of Ivermectin in the treatment of COVID-19 from FLCCC Alliance on Vimeo.

 

The third substance is Hydroxychloroquine (HCQ), which was banned because 1) Trump said back in March that he liked it and 2) because the Lancet published a very negative article about it. That article was based on nothing at all, which is curious to say the least for the Lancet, but hey, at least they retracted it back in June.

Anybody seen any HCQ research since then though? That’s seven months ago. How many people have died since then? The Lancet’s editors should be taken to court, too, for publishing that first article without any peer review, if only so we can find out why they published it.

The article below from January 2021 comes at a strange point in time, since the retraction happened in June, but that’s not the essence.

 

Lancet Retracts Study That Claimed HCQ Is Ineffective

A leading medical journal has issued a retraction of their endorsement for a study that concluded the anti-viral drug hydroxychloroquine was ineffective against the COVID-19 virus. This retraction appears to validate the claims then-President Trump made about the medication being a frontline drug in the battle in the pandemic. The Lancet, a respected online medical journal, issued an apology to its readers in an edition last year after the retraction. “We deeply apologize to you, the editors, and the journal readership for any embarrassment or inconvenience that this may have caused,” the publishers of The Lancet said.

Compared to the significantly more expensive medications being used to treat the virus, hydroxychloroquine – a drug widely used to treat malaria – is relatively inexpensive and universally available. Hydroxychloroquine ranges in price from $0.30 to $6.63 per dose depending on location. The Lancet’s endorsement of the study was withdrawn because the Surgisphere Corporation, the company that provided data, refused to provide full access to the information it based its study on. Peer review medical journals typically engage in third-party peer review to validate the findings. The Surgisphere Corporation said it refused to release the study data because it would violate client agreements and confidentiality requirements, raising questions about the study’s legitimacy.


“Based on this development, we can no longer vouch for the veracity of the primary data sources. Due to this unfortunate development, the authors request that the paper be retracted,” The Lancet said in a statement. In the now debunked study, researchers concluded that hydroxychloroquine didn’t aid in curbing the COVID-19 virus. It went on to say that the drug caused heart problems and appeared to elevate the risk of death. The study was immediately embraced by the beleaguered World Health Organization and other groups causing research into the use of the drug to combat COVID-19 to stop.

 

There are other substances that are used in various stages of the disease, in various combinations, and in various groups of people, such as zinc, azithromycin, doxycycline and Quercetin. There is no lack of research into these things, but there certainly is a lack of attention for it. So let’s find out what’s behind that. If only because we owe that to the people who have needlessly died, and to those who will follow them as long as this situation persists.

Is it all just to sell vaccines, as in just let them all get sick and then we’ll give them a jab? Is it to control populations? Is it about a Great societal Reset? There are countries such as India, which since this summer has pushed its Ziverdo kit, which contains zinc, doxycycline ad ivermectin. Here’s what that did:

 

 

Now compare that pattern to the US and tell me what you think you see. Knowing that India has about four times the population of the US, but less than 10% of its new cases. Yes, all the media blame has gone to Trump, and he deserves quite a bit of it. But his scientific head was Dr. Fauci, who has kept his job under Biden, and who keeps pushing the same old mule: vaccines.

 

 

Now imagine if we could have cut the death-, infection- and misery toll in half. And that’s just what sufficient vitamin D levels promise to do. Ivermectin promises much more. We could have saved millions of lives, a manifold of that in hospitalizations and all-over suffering, we wouldn’t have needed to kill our societies and economies, no lockdowns, no facemasks, no overloaded health care systems. Imagine that.

But we didn’t. Fauci and his peers all over the globe simply ignored the science. And replaced it with something that *they* called “the science”. Which they can do because they have degrees and are considered scientists. And are in a position to crowd out other scientists.

 

Just vitamin D, zinc, ivermectin and HCQ. They wouldn’t perhaps have prevented and solved every single case, but the burden on society would have been so much less. And the deaths. And the misery.

So yes, take them to court. Find out what happened, why they decided what they did, why they ignored the simplest and cheapest approaches and went for the new expensive drugs instead.

Can I get a vitamin D, zinc and chloroquine passport, so I can travel again? No, I can’t. But I may be much safer than someone who’s had a Pfizer vaccine. Not that I know, but you see, nobody knows that. Not Pfizer, not Fauci, no-one. Take them to court, the lot of them.

One last bit: there is no way of knowing how long the mRNA vaccines’ protection lasts. But vitamin D, zinc, ivermectin and HCQ continues to protect you, regardless of the variant, that we know. As I said, not 100%, but neither do the vaccines. The main difference appears to be that one option costs just pennies, and the other costs many billions. So much that developing nations won’t get “vaccinated” until 2024. If they’re “lucky”.

Take your government to court over this, whatever country you live in. Get this started. People in other countries will follow you. Promise. All we need is the first spark. Let’s start a movement. To honor those who died for no reason, and to protect those who will if this negligence continues.

 

Please note that none of this means that the various vaccines are completely useless, it just means the urgency to roll them out by the billions wouldn’t have been there. We could have had proper research, peer review, all that. But we didn’t. We now have mRNA vaccines, never tested on humans, being tested on millions upon millions of them. And there was never any reason for that. It was always just an induced panic, that very simple and cheap substances could have made obsolete.

 

 

 

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Jan 242021
 
 January 24, 2021  Posted by at 10:19 am Finance Tagged with: , , , , , , , , , , , , ,  21 Responses »


Amedeo Modigliani Elvira Resting at a Table 1919

 

EU Vaccine Delays Dog Effort To Speed Up COVID Inoculations (EN)
Delaying Second Dose Of Vaccine Increases Risk Of New Resistant Strain – Sage (Ind.)
WHO Advisor: COVID19 Pandemic Likely Started Via Lab Leak (TSun)
‘Miraculous’ Ivermectin Approved For Use In The US For COVID19 (LS)
Lancet Retracts Study That Claimed HCQ Is Ineffective (NF)
Moderate Republicans Push Back On Biden’s Economic Plan (NBC)
Rand Paul Says Chief Justice Roberts Won’t Take Trump Impeach Trial (NYP)
Seattle Police and City Attorney Take Hardline Stance Against Antifa (PM)
Grantham Sees “Spectacular” Crash In “The Next Few Months” (ZH)
Bezos, Zuckerberg $18 Billion Richer In Biden’s First Days In Office (F.)
Jeff Bezos, Amazon Refuting Mail-in Votes For Unionization (Outkick)
Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato (WS)
Indian Farmers on the Frontline Against Global Capitalism (OffG)

 

 

 

 

“Italy’s coronavirus commissioner said that vaccinations had been cut from 80,000 a day to 28,000 a day, Italian media reported. He said Italian authorities were considering taking legal action against Pfizer..”

EU Vaccine Delays Dog Effort To Speed Up COVID Inoculations (EN)

AstraZeneca’s EU vaccine shipments will be delayed, the EU’s health commissioner said, in yet another obstacle to the bloc’s COVID-19 vaccination rollout. “The EU Commission and Member States expressed deep dissatisfaction with this,” Stella Kyriakides tweeted on Friday after member states heard from AstraZeneca representatives. The AstraZeneca/Oxford vaccine is expected to receive approval from the European Medicines Agency this week, and any delay or shortage of doses could be a significant speed bump as member states race to vaccinate their populations amid a worsening COVID-19 crisis. The emergence of more transmissible variants of coronavirus has caused significant concern in Europe with the UK reporting record daily hospitalisations and deaths due to the virus mutations.

Johnson warned on Friday that early evidence showed the new variant could be more deadly as well. Countries are racing against the clock to vaccinate as many people as possible before the variants spread further. But Pfizer said just last week that fewer doses would be available in the EU in late January and early February due to quality tests at the manufacturing plant in Belgium. Some EU countries have since had to cut vaccinations amid the delays, prompting criticism of the pharmaceutical companies behind the vaccines. Domenico Arcuri, Italy’s coronavirus commissioner, said that vaccinations had been cut from 80,000 a day to 28,000 a day, Italian media reported. He said Italian authorities were considering taking legal action against Pfizer, AP reported.

Authorities in Germany’s most populous state said that due to delays in delivery of the Pfizer/BioNtech vaccine they would halt first vaccinations. North Rhine Westphalia had received 100,000 vaccine doses less than originally planned, the state said. Germany’s health minister Jens Spahn said that “we are currently in a phase in which the worldwide demand for corona vaccines is very high.”

Read more …

Well, that’s too bad then. Because you’ve run out.

Delaying Second Dose Of Vaccine Increases Risk Of New Resistant Strain – Sage (Ind.)

Delaying doses of coronavirus inoculations will increase the chances of a vaccine-resistant strain of Covid-19 emerging, government scientists have warned. In new reports, released by the Scientific Advisory Group for Emergencies (Sage), experts also warned that resistant new variants were a “realistic possibility” driven by the virus reacting to increasing levels of natural immunity among the population. The government’s decision to delay the second dose of vaccines to 12 weeks rather than three, to try and give more people some protection from the virus, has sparked anger among frontline health workers who fear they are being left at increased risk from infections.

There have also been suggestions from Israel, that have yet to be fully validated, that the protection from a first dose could be far less than originally thought. In papers released on Friday, Sage scientists there was an “increased risk of virus replication under partial immunity after one dose than after two doses, so in the short term, delaying the second dose would be expected to somewhat increase the probability of emergence of vaccine resistance – but probably from a low base. “Is such an increase material? It is not currently possible to quantify the probability of emergence of vaccine resistance as a result of the delayed second dose, but it is likely to be small. The UK currently has more than 1,000 Covid-19-related deaths each day and has limited supplies of vaccine.

“In the current UK circumstances the unquantifiable but likely small probability of the delayed second dose generating a vaccine escape mutant must be weighed against the measurable benefits of doubling the speed with which the most vulnerable can be given vaccine-induced protection.”

Read more …

While his WHO colleagues are still in China?!

WHO Advisor: COVID19 Pandemic Likely Started Via Lab Leak (TSun)

One year after the pandemic started, World Health Organization advisor Jamie Metzl wants China to come clean about the origins of the COVID-19 virus. The Kansas City-born, New York-based Metzl, who served as Deputy Staff Director of the Foreign Relations Committee under then Senator Joe Biden (2001-2003) and before that on the National Security Council (1997-99) and the State Department (1999-01) under President Bill Clinton), theorizes it was most likely an accidental lab leak in Wuhan. “There’s no irrefutable evidence,” said Metzl, who was appointed to the WHO’s expert advisory committee on human genome editing in 2019 and is also the author of Hacking Darwin. “There’s just more evidence and as more evidence arrives, the case for accidental lab leak, in my view, increases.”

We caught up with Metzl down the line from San Miguel de Allende: What about the original theory that this all started in a wet market in Wuhan? That was a lie. And the Chinese government knew very early on that that was a lie. And so in the face of overwhelming evidence in May of last year, the Chinese government shifted its position. Do you get the idea of scary viruses being created in a lab may seem a little sci-fi? It may feel like sci-fi to people but what’s happening is sci. There is a field of study called “gain of function” research, which is highly controversial in which some scientists amplify the virility of viruses. We know that the Wuhan Institute of Virology was involved in gain of function research on bat coronaviruses.

Is it because this specifically started in China that we still don’t know how COVID-19 started? If there had been an outbreak in Congo or some country in Africa and that country, in the earliest days of the pandemic, prevented World Health Organization investigators from going onto the scene of the outbreak, for nearly a month, the world would have gone berserk. Will a change of the U.S. administration help find an answer? Biden will be tougher on China than President Trump because President Biden is very smart and strategic and he understands that American power and American strength doesn’t rest on bluster, it rests on principles, it rests on partnerships, and alliances and accountability. And the Trump administration unfortunately gave China a pass by over politicizing the question of the origin of the virus by alienating America’s partners and allies.

Read more …

So when’s the big rollout?

‘Miraculous’ Ivermectin Approved For Use In The US For COVID-19 (LS)

Following the diligent efforts of physicians associated with a group called Front Line Covid-19 Critical Care Alliance (FLCCC), the National Institutes of Health (NIH) has upgraded their recommendation for the “miraculous” drug ivermectin, making it an option for use in treating COVID-19 within the United States. The result comes one week after Dr. Paul Marik and Dr. Pierre Kory—founding members of the FLCCC, along with Dr. Andrew Hill, researcher and consultant to the World Health Organization (WHO), presented their data before the NIH Treatment Guidelines Panel. A press release from FLCCC explains the “new designation upgraded the status of ivermectin from ‘against’ [the drug’s use] to ‘neither for nor against,’ which is the same recommendation given to monoclonal antibodies and convalescent plasma, both widely used across the nation.”


“By no longer recommending against ivermectin use,” the statement said, “doctors should feel more open in prescribing ivermectin as another therapeutic option for the treatment of COVID-19. This may clear its path towards FDA [Food and Drug Administration] emergency use approval.” “Ivermectin is one of the world’s safest, cheapest and most widely available drugs,” explained Dr. Kory, President of the FLCCC Alliance. “The studies we presented to the NIH revealed high levels of statistical significance showing large magnitude benefit in transmission rates, need for hospitalization, and death. What’s more, the totality of trials data supporting ivermectin is without precedent.”

Read more …

How many lives could have been saved?

Lancet Retracts Study That Claimed HCQ Is Ineffective (NF)

A leading medical journal has issued a retraction of their endorsement for a study that concluded the anti-viral drug hydroxychloroquine was ineffective against the COVID-19 virus. This retraction appears to validate the claims then-President Trump made about the medication being a frontline drug in the battle in the pandemic. The Lancet, a respected online medical journal, issued an apology to its readers in an edition last year after the retraction. “We deeply apologize to you, the editors, and the journal readership for any embarrassment or inconvenience that this may have caused,” the publishers of The Lancet said.

Compared to the significantly more expensive medications being used to treat the virus, hydroxychloroquine – a drug widely used to treat malaria – is relatively inexpensive and universally available. Hydroxychloroquine ranges in price from $0.30 to $6.63 per dose depending on location. The Lancet’s endorsement of the study was withdrawn because the Surgisphere Corporation, the company that provided data, refused to provide full access to the information it based its study on. Peer review medical journals typically engage in third-party peer review to validate the findings. The Surgisphere Corporation said it refused to release the study data because it would violate client agreements and confidentiality requirements, raising questions about the study’s legitimacy.

“Based on this development, we can no longer vouch for the veracity of the primary data sources. Due to this unfortunate development, the authors request that the paper be retracted,” The Lancet said in a statement. In the now debunked study, researchers concluded that hydroxychloroquine didn’t aid in curbing the COVID-19 virus. It went on to say that the drug caused heart problems and appeared to elevate the risk of death. The study was immediately embraced by the beleaguered World Health Organization and other groups causing research into the use of the drug to combat COVID-19 to stop.

Read more …

Let the games ….. continue.

Moderate Republicans Push Back On Biden’s Economic Plan (NBC)

Key moderate Republicans in the Senate dismissed quick action on President Joe Biden’s top priority of a $1.9 trillion economic package, indicating that the $1,400 stimulus payments he requested could take months, or never arrive. Democrats need to convince 10 Republicans in the Senate, which might require asking for less funding than Biden initially requested, or bypassing the 60-vote threshold utilizing a parliamentarian maneuver. Biden’s team appears ready to mount an aggressive campaign to get Congress to act, a departure from the previous administration that largely failed to engage lawmakers on legislative priorities and did not spend political capital on getting bills passed.

Republicans who would be critical to get to the finish line said they’re open to additional money to speed up distribution of the Covid-19 vaccine, but balked at Biden’s overall price tag. Some called on Biden to pare back the plan while others suggested waiting a few months to see if the economic need persists. Sen. Susan Collins, R-Maine, one of the most moderate Republicans, said she’s “sympathetic” to boosting vaccine funds but doesn’t see the justification for a bill “that is so big.” “It’s hard for me to see when we just passed $900 billion of assistance why we would have a package that big,” Collins told reporters Thursday. “Maybe a couple of months from now, the needs will be evident and we will need to do something significant, but I’m not seeing it right now.”

Sen. Lisa Murkowski, R-Alaska, called Biden’s request “significant,” adding that “the ink is barely dry on the $900 billion” bill. “And so it’s going to require, I think, a fair amount of debate and consideration,” she told reporters. Sen. Mitt Romney R-Utah, a conservative who has a track record of breaking with his party, told NBC News that he isn’t inclined to borrow another $1 trillion or even $500 billion for a broad economic package. “My own view is that what’s holding back the economy is Covid, not money,” he said. “I want to do everything we can to get the Covid vaccines out. But once the Covid vaccine is out and people are inoculated, I believe you’ll see the economy coming back.”

Read more …

Stretching the law.

Rand Paul Says Chief Justice Roberts Won’t Take Trump Impeach Trial (NYP)

As Democrats plunge ahead with a post-term impeachment trial of President Donald Trump, a key question remains: Will Chief Justice Roberts take the case? Republican Sen. Rand Paul of Kentucky says he won’t — making the exercise “a fake, partisan impeachment,” the lawmaker told Fox News’ Sean Hannity Friday. Paul claimed Roberts has “privately said he’s not supposed to come unless it’s an impeachment of the president.” According to the US Constitution, “when the President of the United States is tried, the Chief Justice shall preside” — a requirement not made for any other impeachment case. As lawmakers debated the legitimacy of impeachment, the Biden administration continued to keep its distance from the issue.

“Congress is going to do what Congress does,” Ashley Etienne, Vice President Kamala Harris’ communications director, told MSNBC Saturday. One thing Trump enemies in Congress appear to be doing is grasping at straws — even reaching back to a post-Civil War amendment. Several Dems have floated the idea of punishing Trump with the 14th Amendment’s rule that shuts those who “engaged in insurrection or rebellion” out of elective office. “I certainly think there is a 14th Amendment avenue separate and aside from impeachment,” Connecticut Sen. Chris Murphy told The Hill.

But the stricture, which was written to prevent former Confederate loyalists from regaining power as the United States struggled through Reconstruction, has not been used since — and would spark a long judicial battle if Congress attempted to invoke it, legal experts say. Meanwhile, with Trump no longer in the White House, Republicans like Paul continued to deride the impeachment as “an illegitimate procedure.” Roberts, who has not said publicly whether he will preside over the trial, has two more weeks to decide. After the House of Representatives’ impeachment managers on Monday read their articles of impeachment accusing Trump of inciting the deadly Jan. 6 riot, the Senate will delay the trial until the week of Feb. 8 so that President Biden can get his administration up and running, Majority Leader Chuck Schumer announced Friday.

If Trump is convicted with a two-thirds majority of the Senate, Schumer could call for a second vote, this one requiring only a simple majority, barring him from holding elective office again. But conviction will require the votes of at least 17 Senate Republicans — an increasingly remote possibility, as more party members climb aboard Paul’s argument that only a sitting president can be impeached. “It’s going to be tough to get even a handful” of GOP defectors, Sen. Mike Braun (R-Ind.) told CNN — because “everybody has views that it’s kind of a constitutional concern.”

Read more …

The Seattle Times never mentions the term Antifa. It’s just an idea.

Seattle Police and City Attorney Take Hardline Stance Against Antifa (PM)

As Antifa militants take to Seattle’s streets on a near-daily basis following the inauguration of President Joe Biden, the city’s police and Seattle City Attorney Pete Holmes are responding with a promise to bring the hammer down on violent protesters. In an announcement on Saturday, the city’s interim police Chief Adrian Diaz announced that his department is coordinating with the city attorney to enact a strict new policy to arrest and prosecute protesters who destroy property during street demonstrations. Diaz said that the new enforcement policy will take effect this Saturday, when a demonstration has been planned for Occidental Square. Prosecutions will increase under the new order.

In his speech, Seattle’s top cop said that he has wanted to crack down on the violent militants for months, and that its becoming clear following Biden’s inauguration that their protests have no real cause. “They’re focused on breaking windows, and these are things we need to work on,” he said, reported Seattle Times. A spokesperson for the police said that suspects in low-level crimes were not even booked into jail last year due to coronavirus concerns, and that the policy of not booking those who commit misdemeanors is unlikely to change. However, individuals released on bail who are re-arrested will likely be prosecuted now. Diaz said that police will take a hardline approach to repeat offenders.

“We will be prosecuting these crimes from now on,” he said. “When we don’t have any form of accountability for people — and many of them are coming from outside the city — they will continue to do that activity, and we can’t have that.” In addition to the prosecutions, police will be deploying in extra numbers starting Saturday and will coordinate law enforcement efforts with the Washington State Patrol and federal agents to prevent protesters from entering freeways and federal buildings. “We would like to protect buildings from being vandalized in the first place, and don’t want to cause undue conflict. It’s safer for protesters and officers to not be drawing that line, so to speak,” said Diaz. Earlier this week, Antifa rioters vandalized and looted the historic Starbucks, a Democratic Party office, and numerous local businesses in protest of the newly inaugurated president.

Read more …

“stimmy” checks.

Grantham Sees “Spectacular” Crash In “The Next Few Months” (ZH)

Two weeks ago, investing icon Jeremy Grantham turned apocalyptic and warned that the “Bursting Of This “Great, Epic Bubble” Will Be “Most Important Investing Event Of Your Lives.” Since then the market has generally continued to melt up, yet Grantham’s conviction that all this will end in tears has only grown, and in an interview with Bloomberg today, the co-founder of GMO who correctly called the last two crashes, now predicts that Joe Biden’s economic-recovery plan will propel stocks to perilous new heights, followed by an inevitable crash. “We will have a few weeks of extra money and a few weeks of putting your last, desperate chips into the game, and then an even more spectacular bust,” the value-investing legend said in a Bloomberg “Front Row” interview.


“When you have reached this level of obvious super-enthusiasm, the bubble has always, without exception, broken in the next few months, not a few years.” Amid market euphoria the likes of which have – literally – never been seen before as the following chart from Citi shows and which prompted Citi, BofA and Goldman to all warn that a selloff appears imminent, and which was fueled by risk-taking behavior funded by the latest round of pandemic-relief checks, Grantham has “no doubt” at least some of the $1.9 trillion in federal aid Biden is seeking from Congress will end up being spent on stocks instead of food or shelter.

While that will help push stocks even higher, Grantham then sees it all ending in tears, or rather a collapse rivaling the 1929 crash or the dot-com bust of 2000, when the Nasdaq cratered 80% before recovering thanks to trillions more in Fed “stimmy” checks. And while some (increasingly fewer) investors claim that today’s valuations are justified by the growth potential of transformative technologies and new business models, Grantham, 82, dismisses that argument as fanciful, and rejects the popular theory that the Federal Reserve can cushion or even the next crash with even more QE or easing. “At the lowest rates in history, you don’t have a lot in the bank to throw on the table, do you?” he said.

Read more …

How much more stimulus do we need to keep making them richer? It will stop somewhere.

Bezos, Zuckerberg $18 Billion Richer In Biden’s First Days In Office (F.)

The world’s richest person, Jeff Bezos, had a very good week. The Amazon CEO got $10 billion richer, bringing his net worth to $191.5 billion. He’s got an $8.3 billion lead over Tesla CEO Elon Musk (net worth: $183.2 billion), who briefly claimed the top spot this month before falling back to second place. Even better for Bezos? His boost this week comes in part thanks to the departure of Donald Trump, a constant critic of Amazon and the Bezos-owned Washington Post. President Joe Biden was inaugurated on Wednesday, sending tech stocks soaring on optimism over his administration’s Covid-19 vaccine and stimulus plans.


Amazon ended the week up 6.1%, Facebook gained 9.2% and Google parent Alphabet rose 9.5%, beating the S&P and Dow Jones Industrial Average’s weekly gains of 2% and 0.5%, respectively. On Inauguration Day, Amazon executive Dave Clark sent a letter to Biden offering Amazon’s resources to help distribute the vaccine. “We are prepared to leverage our operations, information technology, and communications capabilities and expertise to assist your administration’s vaccination effort,” he wrote. Clark also took the opportunity to advocate prioritizing vaccinating Amazon’s 800,000 employees, most of whom are essential frontline workers.

Read more …

Ha ha ha.

Jeff Bezos, Amazon Refuting Mail-in Votes For Unionization (Outkick)

Jeff Bezos — a strong Democratic supporter — and Amazon are aiming to postpone a unionization vote at one of its warehouses in Alabama, the Wall Street Journal reports. Interestingly, Amazon has requested that the National Labor Relations Board reconsider allowing mail-in voting, claiming that the mail-in voting process has “serious and systemic flaws.” Got that? Bezos and Amazon are doing all they can to prevent any shady activity when workers cast their ballots for unionization, and they are particularly concerned about the integrity of mail-in ballots. You are likely trying to figure out how that adds up, right? The Washington Post, owned by Bezos, called any claims of mail-in voter fraud by Donald Trump and his supporters dangerous and inexcusable.

Amazon even banned Parler from its servers, in part to ensure no one could claim voter fraud occurred from mail-in ballots back in November. But stop trying to make it make sense. It is not supposed to add up. In this case, mail-in voting is disadvantageous for Bezos and his e-commerce behemoth. Therefore, they now consider mail-in voting seriously flawed. An Amazon spokesperson tells CNN the company is seeking a “valid, fair and successful election” and suggests that only in-person voting can ensure that. Hmm, interesting perspective. Amazon has, thus far, fended off unions in the United States. If a majority of ballots vote in favor of unionization, hourly Amazon workers would send an L right up to Bezos’ office.

Bamazonunion.com explains that a union at Amazon would “give us the right to collectively bargain over our working conditions including items such as safety standards, training, breaks, pay, benefits, and other important issues that would make our workplace better.” The NLRB says, “A mail ballot election will enfranchise employees who cannot enter the voting location for health reasons or due to positive COVID tests.” Fearing an unfavorable outcome, however, Amazon now insists that current COVID outbreaks aren’t dangerous enough to warrant this NLRB decision.

Read more …

In a train in a tunnel with COVID. No thanks.

Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato (WS)

Eurostar, the company that operates the cross-Channel train service that connects the UK with France, Belgium and the Netherlands, is on the brink of collapse, the company’s management warned this week. With passenger numbers down 95% in the final quarter of 2020 and revenues down over 80% over the course of 2020, it is now “on a drip” and in desperate need of extra cash, says Christophe Fanichet, a senior executive of France’s state SNCF railways, which is the majority shareholder of Eurostar. “I’m very worried about Eurostar. The company is in a critical state, I’d even say very critical,” he said.

In 2019, Eurostar shuttled 11 million passengers — including many businessmen and women — from London St Pancras to Paris, Brussels, and Amsterdam. While generally more expensive than budget air fares, it is quicker, more comfortable, and drops off passengers in the center of their chosen city of destination. But like the airlines, its whole business model has been upended by the virus crisis. At present, the company is operating only two services a day, a far cry from the two trains an hour it used to operate during peak times before the pandemic. And most of those trains are less than a quarter full. More than 90% of its workers have been furloughed.

It’s a similar story across Europe’s railway sector. Passenger numbers have plunged between 70%-90% as lockdowns, social-distancing rules, and concerns about the risks of using public transport have taken their toll. The industry is estimated to have racked up losses of €22 billion in 2020, according to CER, a Brussels-based commerce group representing passenger and freight prepare operators. That’s similar to the total losses accrued so far by Europe’s airlines. Thousands of workers are on government-subsidized furloughs. “It’s a totally extraordinary situation,” said Libor Lochman, CER’s executive director. “There is no comparison for it, and it can and will lead to the bankruptcy of a number of companies, unless there is the political will to prevent it”.

Just as happened last Spring, travel restrictions are tightening across Europe and borders are closing as countries try to counter the spread of new strains of the Covid-19 virus. France announced on Thursday that visitors from the UK, which is no longer part of the EU, will need to observe a seven-day quarantine and undertake a PCR test on their arrival. The UK already has a quarantine system in place for travelers from the EU. These latest travel restrictions have compounded Eurostar’s woes. It could run out of money by April, according to industry sources. To stave off that fate, the company is asking for government support of the kind already doled out to many airlines. Eurostar has already tapped shareholders for €200 million and is apparently loath to do so again, particularly given the recent tightening of travel restrictions.

Read more …

Monsanto.

Indian Farmers on the Frontline Against Global Capitalism (OffG)

In the above short video on the empirediaries.com YouTube channel, a protesting farmer camped near Delhi says that during lockdown and times of crisis farmers are treated like “gods”, but when they ask for their rights, they are smeared and labelled as “terrorists”. He, along with thousands of other farmers, are mobilising against three important pieces of farm legislation that were recently forced through parliament. To all intents and purposes, these laws sound a neoliberal death knell for most of India’s cultivators and its small farms, the backbone of the nation’s food production. The farmer says: “Corporates invested in Modi before the election and brought him to power. He has sold out and is an agent of Ambani and Adani. He is unable to repeal the bills because his owners will scold him. He is trapped. But we are not backing down either.”

He then asks whether ministers know how many seeds are needed to grow wheat on an acre of land: “We farmers know. They made these farm laws sitting in air-conditioned rooms. And they are teaching us the benefits!” While the corporations that will move in on the sector due to the legislation will initially pay good money for crops, once the public sector markets (mandis) are gone, the farmer says they will become the only buyers and will beat prices down. He asks why, in other sectors, do sellers get to put price tags on their products but not farmers: “Why can’t farmers put minimum prices on the crops we produce? A law must be brought to guarantee MSP [minimum support prices]. Whoever buys below MSP must be punished by law.”

The recent agriculture legislation represents the final pieces of a 30-year-old plan which will benefit a handful of billionaires in the US and in India. It means the livelihoods of hundreds of millions (the majority of the population) who still (directly or indirectly) rely on agriculture for a living are to be sacrificed at the behest of these elite interests. Consider that much of the UK’s wealth came from sucking $45 trillion from India alone according to renowned economist Utsa Patnaik. Britain grew rich by underdeveloping India. What amount to little more than modern-day East India-type corporations are now in the process of helping themselves to the country’s most valuable asset – agriculture.

According to the World Bank’s lending report, based on data compiled up to 2015, India was easily the largest recipient of its loans in the history of the institution. The World Bank thus exerts a certain hold over India: on the back of India’s foreign exchange crisis in the 1990s, the IMF and World Bank wanted India to shift hundreds of millions out of agriculture. In return for up to more than $120 billion in loans at the time, India was directed to dismantle its state-owned seed supply system, reduce subsidies, run down public agriculture institutions and offer incentives for the growing of cash crops to earn foreign exchange. The plan involves shifting at least 400 million from the countryside into cities.

Read more …

 

 

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Jan 042021
 


Vincent van Gogh Boulevard de Clichy, Paris 1887

 

Killing Julian Assange (AlJ)
Docs Urge Early Outpatient Treatment For COVID-19 (France Soir)
New Zealand Tightens Border Again Amid Fears Over New Covid Strain (G.)
Fauci Says He Did Not Expect COVID19 Death Toll To Climb To 350,000 (JTN)
Trump Call Actually Reveals A President Deep Into Detail (Kassam)
McCarthy Supports Electoral Challenge In House, Deputy Cheney Opposes It (JTN)
The Dark Past of Biden’s Nominee for National Intelligence Director (Kiriakou)
Chinese Billionaire Jack Ma Suspected Missing (Y!)
Breadlines Stretch Across America (ZH)
The American System Is One Big Grift (van Buren)

 

 

Assange hearing due any moment. Not sure it makes sense to wait for the outcome. It will be appealed no matter which way it goes. And then move to a higher court.

A big moment for sure, but more to gauge how lawless the UK will allow itself to look.

 

UPDATE: UK judge rules against extradition of Assange to US

That was unexpected. She says he must be discharged from Belmarsh for health reasons.

 

Other big theme today: the Trump call to Georgia, leaked to the WaPo, which edited the transcript. Two entirely different interpretations of what it says.

It’s the Zelensky call all over again.

 

 

“..the act of exposing US crimes of torture and killing abroad can at times get you tortured and killed yourself. Call it poetic injustice.”

Killing Julian Assange (AlJ)

On Monday, January 4, a London court will decide whether to extradite WikiLeaks founder Julian Assange to the United States on espionage charges. If convicted, the whistle-blower will face a prison sentence of up to 175 years in everyone’s favourite “land of the free”. The Australian citizen is accused of having harmed the US and its allies by publishing classified documents. Assange collaborated with former US Army intelligence analyst Chelsea Manning, who has already been put through the horror show of the so-called US justice system for leaking classified documents related to, inter alia, the US wars on Afghanistan and Iraq. Among the most notorious material published by WikiLeaks is the “Collateral Murder” video, released in 2010. It depicts a 2007 episode in Baghdad in which US Apache helicopter personnel enthusiastically slaughtered a dozen Iraqis, including two Reuters staffers – a fitting hint, perhaps, as to the existential perils of journalistic efforts to document the truth.

In Assange’s case, his crime is just that: telling the truth in contravention of an official narrative of heroic, world-saving interventions by the US military. Indeed, according to the perverse perspective of the US, it is absolutely fine to massacre Iraqi civilians – just not to talk about it. In the end, after all, what is imperial war if not sustained butchery and devastation of civilian populations? Yet pointing out the bleeding obvious is apparently enough to land you in jail for 175 years. And not just any jail. Charles Glass, veteran journalist and former chief Middle East correspondent for ABC News – who has himself visited the imprisoned Assange in London – writes in The Intercept that, if extradited, Assange risks internment in the “Alcatraz of the Rockies”, a federal supermax prison in Colorado that houses Boston Marathon bomber Dzhokhar Tsarnaev and Oklahoma City co-bomber Terry Nichols.

There, Assange’s life would consist of “permanent solitary confinement in a concrete box cell with a window four inches wide, with six bed checks a day and one hour of exercise in an outdoor cage”. Similar punishment is of course also meted out to all of the US soldiers who kill and rape with abandon, and to the politicians who dispatch them to do so. (Just kidding.) In the meantime, as Assange awaits the extradition verdict, the British are doing a fine job maintaining a regimen of “denial of access to healthcare and prolonged psychological torture” – as 117 doctors have affirmed in a letter to the medical journal The Lancet. Back in November of 2019, the United Nations’ special rapporteur on torture, Nils Melzer, had already warned that the psychological torture and abuse to which Assange was being subjected in the UK – at the behest of the US – could ultimately cost him his life.

It seems, then, that the act of exposing US crimes of torture and killing abroad can at times get you tortured and killed yourself. Call it poetic injustice. In an email to me, Julie Wark, author of The Human Rights Manifesto, recalled the special rapporteur’s observations, emphasising that “a gang of so-called democratic states has deliberately demonised and abused a single individual with almost zero regard for human rights and rule of law”. She continued: “The official leviathan turned against Assange and other whistleblowers is a measure of the crimes these states want covered up.” Obviously, the precedent of extraditing an Australian citizen from the UK to the US for the “crime” of exposing reality would be a disastrous blow to journalism worldwide – although it would certainly assist in further exposing a reality in the world’s self-proclaimed “greatest democracy”, where, as it turns out, freedom of the press is not actually a thing. Ditto for other cool stuff like freedom of speech and thought.

Read more …

France goes its own way in virustime.

Docs Urge Early Outpatient Treatment For COVID-19 (France Soir)

The year 2020 will have been marked by a series of studies on treatments against COVID-19 and associated controversies. All will remember the declarations of the Minister of Health and the Prime Minister that ” there is no treatment against Covid-19 ” despite the studies published by the IHU of Prof. Raoult. In December, the Italian Council of State rehabilitated the early-phase treatment based on hydroxychloroquine, proving the doctors right and recalling the principle that no national agency should interfere in the privileged relationship between a doctor and his patient. In the United States in October, under the influence of Senator Johnson , Professors Peter McCullough , Harvey Risch, and doctor Pierre Kory testified under oath to the Senate commission of inquiry into early stage treatments.

The latter recalled the fundamental basis of a response to a viral epidemic with the 4 pillars: the control of contagion by various measures such as barrier gestures, early phase treatment, hospital care, and the vaccine or group immunity. A peer-reviewed study published in the Reviews of Cardiovascular Medicine (Reviews of Cardiovascular Medicine) on December 30, 2020 by a group of 57 doctors, including Dr. Peter McCullough and Dr. Harvey Risch, many of whom have treated the disease in the early phase, includes all the elements to show that there is no cure for Covid-19, but that a combination of drugs and other supplements can significantly reduce the risk of worsening the disease . This also leads to a reduction in hospitalization needs, thus reducing the pressure on the use of intensive care or resuscitation beds. The question of risk benefit for the need for a vaccine therefore arises.

The study summary states: “The SARS-CoV-2 virus that is spreading across the world has resulted in epidemic peaks of COVID-19 disease, hospitalizations and deaths. The complex and multifaceted pathophysiology of COVID-19 is life threatening to those infected (including damage to organs mediating the virus, cytokine storm and thrombosis). This therefore justifies early interventions to treat all facets of the disease . In countries where therapeutic nihilism is prevalent, patients experience escalating symptoms and without early treatment, patients may succumb to complications of delayed hospitalization, resulting in death. Early and rapid initiation of Combination Sequence Therapy (SMDT) is a widely and currently available solution to stem the tide of hospitalizations and deaths.”

A multi-pronged therapeutic approach includes 1) adjuvant nutraceuticals, 2) combined intracellular anti-infective therapy, 3) inhaled / oral corticosteroids, 4) antiplatelet / anticoagulant agents, 5) supportive care, including supplemental oxygen, monitoring and telemedicine. Randomized trials of new individual oral therapies have failed to provide doctors with the tools they need to fight the pandemic. No single treatment option so far has been fully effective and therefore a combination is required at this time. An urgent immediate transition from single drug therapy to SMDT regimens should be used as a critical strategy to treat the large number of patients with acute COVID-19 with the goal of reducing the intensity and duration of symptoms and avoiding hospitalization and death.

The risk of complications and death increases if there is no early phase treatment as soon as the first symptoms appear. This study therefore supports the approach advocated by Professor Raoult since the start of the year: treatment in the early phase helps reduce the risk of complications linked to the disease. It also confirms all the work done in the United States by Dr. Zelenko as well as all the doctors who have worked for the early phase treatment against thick and thin, too often ignored by health agencies and medical authorities.

The ANSM (National Agency for Health and Medicines), the Minister of Health and the various administrative bodies will undoubtedly have to explain their decisions to the French. The benefit-risk analysis as described by the Italian Council of State (in the absence of specific treatment, there is no reason that health agencies interfere in the doctor-patient relationship, especially for drugs that have proven to be safe over several decades) makes sense in the light of this new study. The abandonment of hydroxychloroquine in the arm of various studies when the signs were positive (Hycovid study), overdose in other studies, media silence on ivermectin will undoubtedly need to be addressed by those with comprehensive legal expertise.

Read more …

6 cases in New Zealand, 6 cases in Greece.

New Zealand Tightens Border Again Amid Fears Over New Covid Strain (G.)

New Zealand has further tightened border controls amid mounting anxiety about the new strain of coronavirus driving up infections overseas. Six cases of the new variant of the virus – five in arrivals from the UK and one from South Africa – were recorded in managed isolation facilities in the two weeks leading up to Christmas. Travellers to New Zealand from the US and UK will now be required to show a negative test for Covid-19 before departure, as well as taking a test on their arrival in quarantine in addition to those on days three and 12. The border remains mostly closed to non-citizens. The Ministry of Health said in a statement on Sunday that these were “extra precautionary steps [to] provide another layer of protection” against the new strain of coronavirus, recorded in more than 30 countries.


Though there has been no community transmission of coronavirus in New Zealand since 18 November, Auckland University microbiologist Siouxsie Wiles said the new variant – which is reported to be more infectious – would challenge the country’s safeguards. “If there are any chinks in the chain, it will find them,” she told Stuff. For New Zealanders in the UK and the US wanting to come home, the new requirement to obtain a test is an additional barrier on top of flight cancellations and the long wait for a vacancy in quarantine. The vast majority of the 5,800 spots in the 32 managed isolation and quarantine (MIQ) facilities across New Zealand were occupied over Christmas and New Year in Kiwis’ rush to return. Stuff reports that the earliest available vacancy was in mid-March.

Read more …

But he gets to keep his job…

Fauci Says He Did Not Expect COVID19 Death Toll To Climb To 350,000 (JTN)

Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci on ABC This Week said that he had not expected the COVID-19 death toll in the U.S. to rise to 350,000. “Did you ever expect it to be that high?” host Martha Raddatz asked. “No Martha, I did not,” Fauci responded. “But you know that’s what happens when you’re in a situation where you have surges related to so many factors: Inconsistent adhering to the public health measures, the winter months coming in right now with the cold allowing people or essentially forcing people to do most of their things indoors as opposed to outdoors and then the traveling associated with the holiday season is all of the ingredients that unfortunately make for a situation that is really terrible.”


Data compiled by Johns Hopkins University indicates that the U.S. coronavirus death count exceeds 350,000. President Trump on Sunday tweeted: “The number of cases and deaths of the China Virus is far exaggerated in the United States because of @CDCgov’s ridiculous method of determination compared to other countries, many of whom report, purposely, very inaccurately and low. ‘When in doubt, call it Covid.’ Fake News!” Asked about the president’s tweet, Fauci responded: “Well, the deaths are real deaths. I mean, all you need to do is to go out into the trenches, go to the hospitals, see what the health care workers are dealing with. They are under very stressed situations in many areas of the country, the hospital beds are stretched, people are running out of beds, running out of trained personnel who are exhausted right now. That’s real. That’s not fake. That’s real.”

Read more …

1 phone call. 2 completely different stories.

Trump Call Actually Reveals A President Deep Into Detail (Kassam)

“I don’t know about that… I don’t have it in front of me… we’re looking into that…” These weren’t the vague, non-committal words of the President of the United States on the phone call leaked by theWashington Post newspaper – which has recently taken millions of dollars from the Chinese Communist Party – this Sunday. They were the statements of the establishment Republicans on the call: Secretary of State Brad Raffensperger, Ryan Germany, and Deputy Secretary of State Jordan Fuchs on the January 2nd call. Despite the partisan framing from the Washington Post – that the call somehow reflected Trump making demands for votes from his Republican colleagues – the President actually does no such thing. Throughout the call, the President makes clear that his calls are for election transparency, full and transparent audits, and public access.

At no point does the President imply he wants votes invented or confected, as the establishment media is portraying. He even offers to recuse himself from parts of the conversation and ends by asking for “the truth… it’s just that simple.” In fact the President begins the call by ripping through specifics that are never addressed by their opponents on the call: the establishment Republicans. Trump states: “We have at least 2 or 3 — anywhere from 250 to 300,000 ballots were dropped mysteriously into the rolls. Much of that had to do with Fulton County, which hasn’t been checked. We think that if you check the signatures — a real check of the signatures going back in Fulton County — you’ll find at least a couple of hundred thousand of forged signatures of people who have been forged.”

He continues: “We had, I believe it’s about 4,502 voters who voted but who weren’t on the voter registration list, so it’s 4,502 who voted, but they weren’t on the voter registration roll, which they had to be. You had 18,325 vacant address voters. The address was vacant, and they’re not allowed to be counted. That’s 18,325.” And the President went on: “You had out-of-state voters. They voted in Georgia, but they were from out of state, of 4,925. You had absentee ballots sent to vacant, they were absentee ballots sent to vacant addresses. They had nothing on them about addresses, that’s 2,326.” The level of granularity was actually remarkable, especially for a President that the media continues to allege is not concerned with details.

Read more …

Dice roll.

McCarthy Supports Electoral Challenge In House, Deputy Cheney Opposes It (JTN)

House Republican Leader Kevin McCarthy threw his support Sunday behind an effort in his caucus to oppose Joe Biden’s electors even as one of his deputies sent a memo opposing the movement. “I think it’s right that we have the debate. I mean, you see now that senators are going to object, the House is going to object — how else do we have a way to change the election problems?” McCarthy told The Hill newspaper in an interview. McCarthy made the commons as at least two dozen House members and a dozen senators, all Republicans, announced plans this weekend to oppose Biden’s electoral victory when Congress certifies electors on Wednesday.


While McCarthy endorsed the effort, House Republican Conference Chair Liz Cheney of Wyoming, a frequent Trump opponent, sent a memo to GOP caucus members opposing the effort as a danger to democracy “Such objections set an exceptionally dangerous precedent, threatening to steal states’ explicit constitutional responsibility for choosing the President and bestowing it instead on Congress,” she wrote. “This is directly at odds with the Constitution’s clear text and our core beliefs as Republicans.”

Read more …

John Kiriakou is a former CIA agent.

The Dark Past of Biden’s Nominee for National Intelligence Director (Kiriakou)

Former acting CIA Director Mike Morell, who has disingenuously argued for years that he had nothing to do with the agency’s torture program, but who continued to defend it, has taken himself out of the running to be President-elect Joe Biden’s new CIA director. The decision is a victory for the peace group Code Pink, which spearheaded the Stop Morell movement, and it’s a great thing for all Americans. Now, though, we have to turn our attention to Biden’s nominee to be director of national intelligence (DNI), Avril Haines. Haines is certainly qualified on paper to lead the Intelligence Community. A longtime Biden aide, she has the president-elect’s confidence. But that’s not good enough. Haines is exactly the kind of person who shouldn’t be in a position of authority in intelligence.

She is the kind of neoliberal intelligence apologist whom so many of us have opposed for so many years. Don’t just take my word for it, though. Look at her record. Haines first began working for Biden when she served as deputy general counsel of the Senate Foreign Relations Committee when Biden was its chairman. When Biden became vice president in 2009, Haines moved to the State Department, where she was the assistant legal adviser for treaty affairs. After only a year, she moved to the White House, where she became deputy assistant to the president and deputy counsel to the president for national security affairs, the National Security Council’s chief attorney.

That’s quite a position. What it means was that her job was to legally justify President Barack Obama’s decisions on such intelligence issues as drone strikes and whether to release the CIA Torture Report. She served there under CIA Director John Brennan. Obama apparently liked the job she did for him because in 2013, he named Haines deputy director of the CIA (DD/CIA). Haines was the first woman to be named DD/CIA, and she served again under Brennan, who proved time and again that he was no fan of congressional oversight. Haines’s attitude was similar to Brennan’s: The CIA was going to do what it was going to do, and she would make no apologies for it.

Read more …

Ma got too big.

Chinese Billionaire Jack Ma Suspected Missing (Y!)

Speculation has swirled around Chinese billionaire Jack Ma’s whereabouts after reports surfaced that the high-profile businessman has not made a public appearance in more than two months. The Alibaba founder also failed to appear as scheduled in the final episode of his own talent show, Africa’s Business Heroes, which gives budding African entrepreneurs the chance to compete for a slice of US $1.5 million. Ma was supposed to be part of the judging, but was replaced by an Alibaba executive in the November final, UK’s Telegraph reported. His picture was also taken off the website. An Alibaba spokesperson said Ma was unable to take part on the judging panel “due to a schedule conflict”, according to Financial Times.

Ma’s business empire, Ant Group, has been under scrutiny by Beijing ever since Ma delivered a controversial speech in Shanghai on 24 October that criticised China’s regulation system for stifling innovation and likened global banking rules to an “old people’s club”. “Today’s financial system is the legacy of the Industrial Age,” Ma said in the speech. “We must set up a new one for the next generation and young people. We must reform the current system.” Little over a week later, Ant’s IPO (valued at a record-setting US $37 billion or AU $48 billion), which had already received the green light from China’s securities watchdog, was suspended, with the Shanghai Stock Exchange saying Ant had reported “significant issues such as the changes in financial technology regulatory environment”.

But US veteran investor Mark Mobius said the move was designed to curtail financial institutions from getting too big. “I believe the Chinese government stepped in because they realised that they had to regulate these companies, so that they don’t … get too big,” he told CNBC. “The Chinese government is waking up to the fact that they cannot allow these companies that dominate a particular sector and particularly the financial sector.”

Read more …

“..8 million Americans joining the ranks of the poor since June..”

Breadlines Stretch Across America (ZH)

The economic collapse of 2020 has undeniably widened the wealth gap. Now, our country is essentially divided between those who patiently wait for some food in breadlines – after losing their ability to provide for themselves and, oftentimes, the roof over their heads – and those who sit comfortably at their own homes waiting for the meltdown to be over while discovering the joy of baking bread. Breadlines vs. Bread makers, that’s the ominous picture of an increasingly unequal America. That’s what Epic Economist exposes in the following video: The collapse has laid bare just how unequal our system is. As euphoria on Wall Street sends stock prices to astronomical heights, Main Street remains in crisis, with roughly 8 million Americans joining the ranks of the poor since June. The numbers are even letting some billionaires worried that the enormous inequality may lead to mass conflicts in months ahead. And even the establishment is showing it’s afraid that things could suddenly get out of hand, because much more turbulence is about to emerge.

Read more …

The Clintons and Bidens are bit players.

The American System Is One Big Grift (van Buren)

The first bribe I ever paid was to an Indonesian immigration officer, who noticed some small defect on my passport. Of course, he said, it could be resolved. Between us. With a fine (so many euphemisms). Off to the side. In cash. It was all of $20 to save a vacation but I felt filthy, cheated, a chump. But I learned the rules. In New York we use the euphemism “tip,” and it is as required as oxygen to get through the day. A restaurant table pre-COVID. A last minute anything. A friendlier handling by a doorman. Timely attention to fix-it requests. My, um, friend, used to pay a lot of money for better hotel rooms until he learned $20 at check in with a friendly “anything you can do” often got him upgraded to the same thing at a fraction of the price. What, you still paying retail, bro?

I used to think it was all small stuff, maybe with the odd mafia king bribing a judge with real money or something else Netflix-worthy. In America we were ultimately… fair, right? But things started to add up. We have our petty corruption like anywhere, but our souls are filthy on a much larger scale. America goes big or it goes home. Things like the Clinton Foundation accepting donations from the Saudis to help with women’s empowerment, an issue of course dear to the heart of the Kingdom. When it looked like his wife was going to be president, Bill made six-figure speeches to businesses seeking influence within the U.S. government, earning $50 million during his wife’s term as secretary of pay-for-play state. The Foundation, now mostly out of business, was at its peak a two-billion-dollar financial dangle.

It spent in 2013 the same on travel expenses for Hillary and her family as it did on charitable grants. The media, forever big Clinton fans, told us we should be used to it. Hey, Nixon was so much worse. Trump refused to be very specific about who his charity donated to. We know its offshoot, the Eric Trump charity, donated to a wine industry association, a plastic surgeon supposedly gifting nose jobs to kids, and an artist who painted a portrait of Donald. Trump-owned resorts received $880,000 for hosting Trump-sponsored charity events. Trump donated money from his foundation to conservative influencers ahead of his presidential bid.

With Joe as vice president, the Bidens made $396,000 in 2016. But in just the four years since leaving the Obama White House, Joe and Jill made more than $15 million. In fact, as his prospects for election improved, Joe and his wife made nearly twice as much in one year as they did in the previous 19 years combined. Joe scored $10 million alone for a book no one read. Jill was paid more than $3 million for her book in 2018. Joe has a tax-dodge S Corporation that donated money back to his own political PAC. Then of course there was Hunter, who scored millions in Chinese and Ukrainian money for doing nothing but being Joe’s son.

About half the nation got very twisted over Trump’s corruption and actively avoided noticing the Clintons and Bidens, and vice-versa, to the point of covering their ears NYANYANAYNYA. Yeah, politicians are corrupt, but does anyone think the donors in all three cases didn’t know what they were buying? What, you still voting retail, bro? But even all those millions, measured in Epsteins (a unit of influence buying I just made up) are petty cash. Real corruption scales. Pre-COVID America’s 614 billionaires were worth $2.95 trillion. As the Dow hit record highs this month, there are now 650 billionaires and their combined wealth is $4 trillion. The 400 richest Americans own 64 percent of the country’s wealth. Where’d all their money come from? You.

Read more …

 

 

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Click at the top of the sidebars for Paypal and Patreon donations. Thank you for your support.

 

 

 

 

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Dec 282020
 


Eugene Delacroix Greece expiring on the Ruins of Missolonghi 1826

 

 

A little personal thank you note from the Automatic Earth is in order. 2020 has been an annus horribilis across the world, but we have been blessed with lots of attention and comments, as well as great support from our readers throughout the year, both for the Automatic Earth itself and for the Monastiraki social kitchen in Athens. Problem is, I have so many people to say thank you to.

We started covering the coronavirus early on, in January, and never looked back. Many people got their first exposure to the virus through us (pun very much intended). What developed throughout 2020 was not just a solid reader-base, but also a maturing comments section, that taught me as much as it did readers.

Thank you for that. The comments from medical professionals and others became a strong part of the entire story. And it was by no means a one-sided thing; opinions were always all over the place, as they should be.

That’s the big problem in my view that we face these days: our media have become one-dimensional, the exact opposite of what they should be. This became clear through the Trump era, and the incessant hammering of one actor vs the deafening silence about all others in the same theater and on the same stage.

 

And we see that again today: try, if you can, to find in the MSM a critical opinion about lockdowns, or facemasks, or about the newly-fangled vaccines. It’s very hard if not impossible. This one-dimensionality hides behind “the science”. Which is something that doesn’t really exist, as we know because scientists in different countries contradict each other, as do those in the same country, and scientists even often contradict themselves.

If you want people to “follow the science”, you need to convince them that this is the right thing to do. You can’t just force them to do it. Or, rather, you can try that for a short period of time, and then they will come after you. People don’t live their lives in one dimension; they can’t.

Are facemasks useful? Sure, in crowded indoor spaces. But outdoors? I have yet to see the first evidence of that, and I do read an awful lot. Let’s inject some nuance here: if there is a risk of 1 in 100,000 that someone gets infected outdoors, it that worth forcing 99,999 people to put facemasks on? Or would you rather ask them to wear those where it demonstrably matters?

Are lockdowns useful? Sure, but they can only ever be emergency measures, short and “sweet”. Because they risk destroying entire economies and societies. Lockdowns should only be used when there are no other measures available anymore.

But we haven’t exhausted the scope of all other measures, not at all. There are no governments promoting the large scale use of vitamin D, or the proper use of hydroxychloroquine, and Chris Martenson even sees his videos about ivermectin banned from YouTube. As all three substances show great promise in preventing infections, and/or limiting the consequences of being infected.

We’ve been reduced to one-dimensional lives. By now, politicians and “scientists” would rather see everyone be infected, and then “cured” by a vaccine, then not get infected in the first place. In one dimension, the world easily gets turned upside down. You just wouldn’t be able to see it, because you need three dimensions to recognize what “upside down” looks like.

 

The Pfizer and Moderna mRNA vaccines may work very well, but we don’t know, because we haven’t researched that. Which, if you want to “follow the science”, is a very strange thing to do. Of course we would all like the virus to be gone, but ignoring the science doesn’t look like the way to achieve that. And that’s what we’re doing: we’re not following the science, we’re ignoring it where that fits our purposes.

We don’t know if the Pfizer vaccine protects you from being infected, we don’t know if it keeps you from infecting others, but we do know governments and airlines are talking about requiring evidence that you’ve received a dose. But for what purpose, then, exactly? Just to let all the MPs and CEOs people claim they did what they could?

-Too- many people have lost their jobs and their businesses without any country seriously having tried to stop people from becoming infected through the use of vit. D, HCQ, ivermectin. Many of these jobs and businesses will never come back. Is this worth it? Maybe if we could say we tried everything we could, but we obviously haven’t.

We sold our souls to the “science” and then to the vaccine. Which are two very very different things.

If there’s ever been a time to ask questions, it must be now. About lockdowns, facemasks and viruses, about people, communities, societies, economies. That we are being pressured into not asking those questions, makes them even more necessary.

 

Anyway, those are all issues and questions that will need to be addressed in 2021, we’ve run out of 2020 time. It’s just that it wouldn’t have been necessary; we could easily have done much if not most of it this year. But we have become information-poor, and by design to boot. Which is the opposite of what the Automatic Earth wants to be and do. We want to present all the information, and that without paywalls or things like that.

There are too many of those already, and their main effect is to restrict information at a time when people arguably need more of it. Our model of increasingly relying on donations has worked out alright in 2020, and we hope the same will be true in the new year. Thank you again so kindly for making that possible.

 

A last word, again, about the Monastiraki kitchen: when you see things get harder for yourself, as so many have, it should be a natural reflex to wonder how they are for those less fortunate, because it’s a safe bet they will be hit even harder. It took me way too long to learn that. The team at the kitchen have that down: give, give, and never take. Enormous thanks to all of them.

That you allow me to support them is an honor, and a great responsibility which I take very seriously, both to those who donate and those who receive. Thank you, all of you.

One day when you’re old, and you ask yourself what has been the most important thing you did in your life, the answer will have to be what you did for other people. That is both the only possible outcome, and it’s also at the same time the very thing that is threatened most by the incessant lockdowns and facemask mandates. People need people.

Have a great 2021, stick with the Automatic Earth, and stick with each other.

 

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site.

Click at the top of the sidebars for Paypal and Patreon donations. Thank you for your support.

 

 

Support the Automatic Earth in virustime, election time, all the time. Click at the top of the sidebars to donate with Paypal and Patreon.

 

Dec 192020
 
 December 19, 2020  Posted by at 7:35 pm Finance Tagged with: , , , , , , , , , , ,  10 Responses »


Salvador Dalí Mi esposa desnuda 1945

 

 

Over the past 5 years I’ve addressed this numerous times, and it just goes on. When the MSM, WaPo, NYT, CNN, MSNBC, started to feel a real threat to their existence and survival from social media, they changed course radically. They no longer attempted to inform people, they began to shape their readers’ and watchers’ opinions. And it worked.

That change appears to bear fruit. The WaPo announced the other day they’re hiring 150 more “reporters”. Who are not really reporters, in the new setting they’re more like narrators. They’re servants to the narratives favored by editors and owners, the ones they expect -and know- to generate the most clickbaits.

Superficially, the media landscape sort of still looks the same, same logos, same slogans, but below the surface everything has changed. What’s important is no longer News, but the favored interpretation of it. It seems to work miracles for the MSM, but it’s dangerous for the nation. Because: where are you going to get your news, on the basis of which you can form your own opinion?

And if you can’t get news that doesn’t already have an inbuilt opinion, how are you supposed to have a opinion of your own? At the end of the day, you will be left with a nation that is poorly informed and has no opinions of its own. Everyone just regurgitates opinions forced upon them 24/7.

The main difference with 5 years ago is probably that social media have joined the MSM in their strategy. They now all force-shape opinions for clickbait. And nobody puts a loophole in their way:

 

Facebook Joins Twitter In Reverting To Pre-Election News Feed Algorithms

Facebook has reversed its election-season policy of prioritizing mainstream media stories in News Feed after a similar move from Twitter. This is as Mark Zuckerberg is sued for allegedly helping tip the vote in favor of Joe Biden. An algorithm tweak that saw Facebook users deluged with mainstream media stories following last month’s elections has been reversed, the social media behemoth told the New York Times on Wednesday, insisting that the change – which significantly boosted traffic for establishment outlets like CNN, NPR, and the Times itself while suppressing alt-media and right-wing sites – was never meant to be permanent.


Boosting the importance of “news ecosystem quality,” essentially a reputational score applied to news outlets, was “a temporary change we made to help limit the spread of inaccurate claims about the election,” Facebook spokesman Joe Osborne told the outlet. He explained that the platform was still prioritizing so-called “authoritative and informative news” on “important global topics like elections, Covid-19 and climate change.” The tech giant opted to return to pre-election policies despite the protests of some employees who preferred the “nicer news feed,” sources present at one post-vote Facebook meeting claimed, describing the prioritization of establishment sources as one of several “break glass measures” designed for the care and feeding of a desirable post-election narrative.

 

And that feeds through to all news:

 

Twitter To Remove Tweets That Spread Lies About COVID Vaccines

Twitter will remove tweets that spread harmful misinformation, starting with the Covid-19 vaccine, the company has announced – and from 2021 it will begin to label tweets that push conspiracy theories. The move sees the company follow Facebook and YouTube in tightening up policies around the coronavirus vaccination as the rollout of the jab begins across the world. “Starting next week, we will prioritise the removal of the most harmful misleading information,” the US company said in a blogpost. “And during the coming weeks, we will begin to label tweets that contain potentially misleading information about the vaccines.”

This is of course not about lies about vaccines, it’s about questions about vaccines. We are not supposed or allowed to ask questions about them, we’re supposed to take them and shut up. Emergency, don’t you know?! More on that in a minute. First, let’s step back 5 years or so.

The MSM were very quick in denouncing Trump’s candidacy for President. That then led to -much- more of the same when he was elected, by which time they realized Trump meant more clickbait than they could ever have imagined, and that in turn became the Mueller investigation. “Based” on blatant lies and propaganda, it was all reported as “news” for 3-4 years.

More such empty nonsense then led to the impeachment procedure, which the current Hunter Biden probe entirely cuts down to size: there were plenty reasons for Trump to ask Zelensky to look into Hunter’s history with Burisma. And then some. But the one half of Americans who get their “news” from the MSM will have completely missed that, just like they now miss what really goes on in Hunter world.

Negative stories about Trump generate clickbait, and not-so-negative ones do not. That right there is your entire American media landscape today, and yes, again, it’s dangerous for the nation. It’s bad enough if people draw different conclusions from the same news, but it’s a whole other story if they have don’t have access to the news in the first place, but only to half of it, boiled and brewed in a narrative sauce.

Similarly, it took the MSM barely more than 5 minutes to declare Joe Biden the president-elect, even though they know that’s not their announcement to make. They just do it, because they trust their audience won’t notice the difference. Still, that, too, is dangerous.

 

Which leads us, seamlessly, into the vaccine reporting. It would appear that today is THE day to question the vaccines being rolled out by the billions, but the media tell us we’re not supposed, or allowed, to do that. Take your shot and shut your face.

But the “approved” vaccines so far, the Pfizer and Moderna ones, are based on an entirely new and untested technology, messenger RNA. Could they work, could they be a new frontline for medicine? Yes, perhaps they could. But shouldn’t their mid- and long term effects be assessed? Of course they should. mRNA is being treated like GMOs, which lobby to be declared safe as soon as someone doesn’t drop dead in the first hours. While we’re playing games across generations with our own genetic material.

And at the same time that the mRNA vaccines are being rushed through, potentially much less questionable approaches, like vitamin D, hydroxychloroquine and ivermectin, are said to need much more research before they can be rolled out. That looks like there’s a game being played, and the MSM are a big player in it. Nothing to do with reporting the news, but with only a part of it.

We’re getting lost in a -dark?- web of opinions disguised as news. We can not ask the questions that we know everyone should ask. The Moderna mRNA vaccine was approved in the US the other day as it was simultaneously found to offer immunity for just 2 months. And on the basis of that, vaccination passports are being prepared for all of our societies. While we might find much better protection in vitamin D, HCQ and ivermectin. Or the Russian and Chinese vaccines. But those must not be discussed.

 

Are lockdowns a good idea? From what I can see, only in the short term. And we’re already way past the short term. Beyond that, you start ripping apart society itself, you start tearing down what makes society function, i.e. the people in it, and their interactions. Without which those people won’t be the same people anymore.

We can pretend we still have societies without people’s contacts and interactions, but the longer it takes, the more it becomes pretense. It’s interesting to see how politicians and their scientific advisors behave, and manage to hold on to power and public trust, but if you watch the performance of the media, it’s not terribly surprising.

If you shut down any dissent before it even happens, things will appear hunky-dory for a while. Thing is, it will be short-lived. The odds of the virus vanishing from the northern hemisphere before spring sets in, just based on untested mRNA vaccines, don’t look good. Maybe we should ask the bookies, they’re good at this sort of thing.

But to me it looks like we’re betting everything on red, just because certain parties and interests like it that way. Can mRNA vaccines save us? Perhaps. But we have no way of knowing, we’re just gambling.

 

We should try a multi-pronged approach, look at all vaccines developed so far, Russian, Chinese, Cuban and Western. Throw in HCQ and ivermectin, get everyone on 5,000 IU of vitamin D per day, and see where we get. We’re doing this wrong, and the media tell us to do it wrong. It’s a business model they’ve perfected in the Trump era.

And we are much poorer for it. We no longer think, we let others think for us. Based on a model of unleashing an overkill cacophony of ever-repeating messages, to which very few of us have any resistance. Neither in politics nor in epidemiology is that ever a wise idea.

But first of all, we need to give everyone back their own thoughts, their own ideas, their own opinion, based on actual news reports. Because if we don’t, this thing will blow up in many more faces than we care to even imagine before spring even arrives. Be careful out there.

 

 

 

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I’d like to take you to the ceremony
Well, that is if I remember the way
You see Jack and Jill they’re going to join their misery
I’m afraid it’s time for everyone to pray

You can see they’ve finally taken cover
They’re willing, yeah they’re willing to obey
Their vows are difficult, they’re for each other
So let nobody put a loophole, a loophole in their way

Why Don’t You Try – Leonard Cohen

 

 

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Dec 162020
 
 December 16, 2020  Posted by at 10:25 am Finance Tagged with: , , , , , , , , ,  36 Responses »


Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937

 

Yes, HCQ Is Scientifically Proven Against COVID-19 (Rafaeli)
Swedish PM: Medical Chiefs Failed Us With Light Touch (Times)
The Most Lethal Virus is Not COVID. It is War (John Pilger)
COVID19 Relief Draft Provides $100 Billion Double-Dip Tax Deduction (Fang)
Trump Asking About Special Prosecutor For Hunter Biden (AP)
Pennsylvania Republicans Ask SCOTUS To Again Review Election Lawsuit (ET)
Michigan Legislature Committees Subpoena Election Evidence (JTN)
DNI Declassifies Brennan Notes, 2016 CIA Referral On Clinton Campaign (Fed)
Facebook, Twitter Execs Donated Big To Biden While Blocking Hunter News (NYP)
McConnell Takes Checks from Voting Machine Lobbyists (RS)
Hackers Used SolarWinds’ Dominance Against It In Sprawling Spy Campaign
Pompeo: Russia Sowing ‘Chaos, Conflict, And Division’ In Mediterranean (JTN)

 

 

 

 

Very long, I haven’t read the whole thing yet. Still, when it’s about saving lives, including your own… might as well read it..

Yes, HCQ Is Scientifically Proven Against COVID-19 (Rafaeli)

In this article I am not going to simply transform the treatment with HCQ (an acronym for hydroxychloroquine) from “not promising”, as the New York Times qualifies it, to “promising”. I will explain that it is scientifically proven, and in every possible scientific way. In addition, I will explain how and why the biggest journalistic blackout in human history is taking place right now. Yes, that’s right. I’m telling you here that the New York Times and almost all the other mainstream media are doing dirty, lousy quality journalism. As a result of this amateurism, a seismic tremor of gigantic proportions is being created at the moment, and without precedent, in the credibility of the mainstream world press, with unpredictable consequences for humanity in the coming decades.

And I warn you right now. I have no concern in producing a short article. There are many analyses to be done, nuances to be approached and many details that cannot be left out. The farce is so big and with so many actors, that it’ s almost unbelievable that it can be dismantled with day-to-day facts and simple logic There are scientific articles, facts and figures that no one wants to report or discuss. These studies have not become news in the major media nor have been cited by science journalists, but they have impacts like Muhammad Ali’s punches in the logic of those who claim that the drug does not work. Here they will come to the public. My main point of view in this article is the evolution of the arguments of people who insist that the drug is ineffective against COVID-19.

This is my third article on the subject. In the first one (in French, English, Portuguese), three months ago, I explained my personal view. I had the goal of making a choice between taking or not these drugs, in case of catching the virus. In it I have spoken about the political scenario and the incredible logical flaws of those who claim that the treatment does not work. I discussed how the “official story” is an incredible conspiracy theory and explained how the false narrative about this medication was formed, all in a timeline. In my second article, I lamented the shameful censorship, pretending to be of service to society, that has been present in today’s world. In addition, I explained the inversion of ideological values, in the West, between right and left, when dealing with this topic. (Originally published on France-Soir in French. Also with versions in Portuguese and English).

Now I write this third article, where I bring all the main news from the scientific world in the last three months. It is to disassemble the last arguments of those who say it doesn’t work. The world is standing still. There is panic and fear in the global population. More than one million three hundred thousand people have died. For the vast majority of these victims, a cure with a high percentage of success has been neglected. Another millions are depressed, with no prospect of life and happiness. All due to a perfect storm and gross errors. All conveniently taken advantage of by petty interests.

Read more …

All too common refrain: “I did not fail, all the others did.”

Swedish PM: Medical Chiefs Failed Us With Light Touch (Times)

Sweden’s health experts misjudged the resurgence of the coronavirus by recommending a light-touch approach, the prime minister said. The country, which has pursued a form of herd immunity strategy under Anders Tegnell, its chief epidemiologist, has been hit so hard by the second wave of infections that hospitals in Stockholm are struggling to cope. Stefan Lofven, the prime minister, told the Aftenposten newspaper that his medical advisers had not seen such a wave coming. “They talked about different clusters,” he said. Sweden’s neighbours, Finland and Norway, which adopted stricter social controls and have suffered fewer fatalities per capita, have offered medical help after Stockholm reported that 99 per cent of intensive care unit (ICU) beds were full and called for more staff.

Mr Lofven, who leads a Social Democrat-Green Party coalition, spoke hours before a commission examining Sweden’s handling of the pandemic concluded that it had failed to protect elderly people during the first wave. A high level of community spread was the biggest factor in the virus getting into care homes, the commission said. Sweden’s pandemic strategy, shunning lockdowns and masks, has been much debated as an alternative approach to tougher curbs. Schools, restaurants and businesses were largely left open while people were advised to maintain social distance and hygiene. The strategy was coupled with a goal to “ring-fence” the most vulnerable. As deaths mounted, especially at nursing homes, the commission said that it had failed to do so effectively.

The approach has been called reckless and cruel but it also won praise from people seeing it as more sustainable and business-friendly. About half of Sweden’s almost 7700 deaths have been nursing home residents. The country now faces a significant rise in cases and fatalities. Its statistical agency recorded a total of 8088 deaths from all causes last month, the highest mortality in any November in Sweden since the first year of the Spanish flu pandemic in 1918, when 16,600 people died. Since Friday 153 people have died from COVID-19 related causes, bringing the total to 7,667. There have been 320,000 confirmed cases.

Read more …

Word.

The Most Lethal Virus is Not COVID. It is War (John Pilger)

Not a year has passed since peace was declared in 1945 that Britain has not sent military forces to fight the wars of empire. Not a year has passed when countries, mostly poor and riven by conflict, have not bought or have been “soft loaned” British arms to further the wars, or “interests”, of empire. Empire? What empire? The investigative journalist Phil Miller recently revealed in Declassified that Boris Johnson’s Britain maintained 145 military sites – call them bases — in 42 countries. Johnson has boasted that Britain is to be “the foremost naval power in Europe”. In the midst of the greatest health emergency in modern times, with more than 4 million surgical procedures delayed by the National Health Service, Johnson has announced a record increase of £16.5 billion in so-called defence spending – a figure that would restore the under-resourced NHS many times over.

But these billions are not for defence. Britain has no enemies other than those within who betray the trust of its ordinary people, its nurses and doctors, its carers, elderly, homeless and youth, as successive neo-liberal governments have done, Conservative and Labour. Exploring the serenity of the National War Memorial, I soon realised there was not a single monument, or plinth, or plaque, or rosebush honouring the memory of Britain’s victims — the civilians in the “peacetime” operations commemorated here. There is no remembrance of the Libyans killed when their country was wilfully destroyed by Prime Minister David Cameron and his collaborators in Paris and Washington.

There is no word of regret for the Serbian women and children killed by British bombs, dropped from a safe height on schools, factories, bridges, towns, on the orders of Tony Blair; or for the impoverished Yemeni children extinguished by Saudi pilots with their logistics and targets supplied by Britons in the air-conditioned safety of Riyadh; or for the Syrians starved by “sanctions”. There is no monument to the Palestinian children murdered with the British elite’s enduring connivance, such as the recent campaign that destroyed a modest reform movement within the Labour Party with specious accusations of anti-Semitism.

Read more …

Capitol Hill is simply incapable of getting these, the most basic of things, right.

COVID19 Relief Draft Provides $100 Billion Double-Dip Tax Deduction (Fang)

A draft of coronavirus relief legislation, circulated by a bipartisan group of lawmakers, eschews direct payments to average Americans but contains an unusually generous handout to the very wealthy. The draft legislation, the Bipartisan Emergency COVID Relief Act of 2020, was released this week as part of a package of two major bills to confront the ongoing crisis. The draft of the first bill circulating on Capitol Hill contains a number of adjustments to the Paycheck Protection Program, the forgivable loan program that has served as the centerpiece of the government’s efforts to curb job loss stemming from the pandemic.

Many of the changes provide extended eligibility for expenses that can be reimbursed by the PPP program, including damage from looting and costs associated with cloud computing, as well as the construction of sneeze guards and other safety measures implemented by businesses. But one of the revisions in the legislation is a subtle yet radical change that would result in a major windfall for the highest-income Americans and large corporations. The bill provides that businesses claiming expenses reimbursed by PPP forgivable loans, which are already tax-free, can be further used as deductions when calculating taxable income. In other words, the change would allow a corporation that claimed $1 million in PPP reimbursements to apply that money as a deduction on its tax return, reducing taxable income by $1 million.

Critics of this idea, first circulated by a bipartisan set of legislators last summer, note that it provides an unprecedented tax advantage that overwhelmingly benefits investors and high-net-worth professionals. IRS rules have long prohibited tax-free government grants and reimbursements from being used as deductions. Steven Rosenthal, a tax expert with the Tax Policy Center, writing in his blog TaxVox, has noted that the proposal represents a “double dip” that abandons longstanding tax norms to provide “overly generous relief” that rewards “savvy, well-connected business and crowds out relief for others, undercutting the effectiveness of Congress’ aid.”

Read more …

Baseless, blah blah.

Trump Asking About Special Prosecutor For Hunter Biden (AP)

President Donald Trump is considering pushing to have a special counsel appointed to advance a federal tax investigation into the son of President-elect Joe Biden, setting up a potential showdown with incoming acting attorney general Jeffrey Rosen.Trump — angry that out-going Attorney General William Barr didn’t publicly announce the ongoing, two-year investigation into Hunter Biden — has consulted on the matter with White House chief of staff Mark Meadows, White House counsel Pat Cipollone and outside allies. That’s according to several Trump administration officials and Republicans close to the White House who spoke to The Associated Press on condition of anonymity to discuss private matters.

Beyond appointing a special prosecutor to investigate the younger Biden, the sources said Trump is interested in having another special counsel appointed to look into his own baseless claims of election fraud. But if he’s expecting his newly named acting attorney general to go further than Barr on either matter, he could end up quickly disappointed.Barr on Monday evening announced he will resign effective next week, revealing his plans about a week after Hunter Biden publicly disclosed that he was under investigation related to his finances. It is generally Justice Department policy not to disclose investigations that are in progress, though the subjects of those investigations can. Rosen, the deputy attorney general, will step into the Justice Department’s top job in an acting role.

A longtime litigator, he has served as Barr’s top deputy since May 2019 but largely shies away from the spotlight. He said in a statement Tuesday he was “honored” to serve and “will continue to focus on the implementation of the Department’s key priorities.” Trump is still weighing his options, considering whether to pressure Rosen to make the special counsel appointment or, if needed, to replace the acting attorney general with someone more likely to carry out his wishes. He has even asked his team of lawyers, including personal attorney Rudy Giuliani, to look into whether the president has the power to appoint a special counsel himself. A key question will be whether Rosen can stand up to presidential pressure — and potentially withering attacks — in the waning weeks of the Trump administration. If not, Rosen could be cast aside in favor of others more willing to do Trump’s bidding.

Read more …

Watching the dice roll…

Pennsylvania Republicans Ask SCOTUS To Again Review Election Lawsuit (ET)

A group of Republicans in Pennsylvania on Tuesday has again urged the U.S. Supreme Court to take up their lawsuit that challenges the 2020 election results in the state. The nation’s top court had previously rejected the group’s request for immediate injunctive relief to block Pennsylvania from taking further steps to certify the 2020 election results. At the time, the group’s lawyer, Greg Teufel, said the case was not over because his clients were planning to file a formal petition to ask the court to review the lawsuit, which they hadn’t filed the first time. The lawyer filed a petition for a writ of certiorari on Dec. 11, docketed by the court on Dec. 15, which argues that the Pennsylvania Supreme Court was wrong when it dismissed their case because the justices thought the plaintiffs filed their case with unreasonable delay.

“This Court should not turn a blind eye to unconstitutional election laws that permit massive vote dilution and have a significant impact on election outcomes, as the Pennsylvania Supreme Court did,” the petition (pdf) states. The case at hand—cited as Kelly v. Pennsylvania—argues that Act 77, a law that made voting by mail without an excuse legal in Pennsylvania, was enacted in violation of Pennsylvania’s constitution. The state constitution, the plaintiffs argue, prohibits absentee voting in Pennsylvania except for four limited circumstances. The lawsuit alleges that the state law is “another illegal attempt to override the limitations on absentee voting prescribed in the Pennsylvania Constitution, without first following the necessary procedure to amend the constitution to allow for the expansion.”

The lawsuit was filed by a Republican lawmaker Rep. Mike Kelly (R-Pa.) and several GOP congressional candidates. In late November a Pennsylvania commonwealth judge, Patricia McCullough, issued a temporary injunction that would have prevented the state from taking further steps to complete the certification of the presidential race. She argued that “petitioners appear to have established a likelihood to succeed on the merits because petitioners have asserted the Constitution does not provide a mechanism for the legislature to allow for expansion of absentee voting without a constitutional amendment.” She also opined that the “petitioners appear to have a viable claim that the mail-in ballot procedures set forth in Act 77 contravene” the plain language of the provision of the Pennsylvania Constitution, which deals with absentee voting.

However, the Pennsylvania Supreme Court ruled that the plaintiffs waited too long before the county of boards of election were required to certify the election results to bring the case, which could “result in the disenfranchisement of millions of Pennsylvania voters” who voted by mail.

Read more …

“Only after these activities are concluded should this information be deleted for data privacy reasons.”

Michigan Legislature Committees Subpoena Election Evidence (JTN)

Concerned about possible election evidence being destroyed, members of a joint session of the Michigan Legislature’s House and Senate oversight committees on Tuesday voted to issue subpoenas to Detroit and the nearby suburb of Livonia demanding they surrender hard drives, emails, absentee voter counting board laptops and other election-related materials. One Senate Democrat reportedly joined his Republican colleagues in supporting the subpoenas. A Nov. 28 order memo from the State Bureau of Elections had followed the same protocol as prior elections and ordered the deletion by November 30 of “E-Pollbook laptops and flash drives … unless a petition for recount has been filed and the recount has not been completed, a post-election audit is planned but has not yet been completed, or the deletion of the data has been stayed by an order of the court or the Secretary of State.”

Tracy Wimmer, director of Media Relations for Michigian Secretary of State Jocelyn Benson, a Democrat, told Just the News in a statement Thursday that she rejected Republicans’ concerns about the deletion memo. “The Bureau of Elections memo sent to clerks is the same memo that has been sent to clerks for years, including under the administration of now state senator Ruth Johnson,” Wimmer said. “Republican House and Senate legal counsel were provided this information days ago. The fact that members of their party is choosing to ignore these truths in a press release demonstrates they have no interest in preserving the integrity of our elections or democracy.”

Michigan State Senator Ruth Johnson, the Republican who supported the subpoena effort, told Just the News she had previously signed the same deletion order while she was secretary of state but the unusual nature of the 2020 election meant circumstances had changed. “Election integrity should not be a partisan issue, this information needs to be preserved while there are ongoing lawsuits, audits, and Oversight committee review of the November election,” Johnson said. “Only after these activities are concluded should this information be deleted for data privacy reasons.”

Read more …

Declassify all of it.

DNI Declassifies Brennan Notes, 2016 CIA Referral On Clinton Campaign (Fed)

Top U.S. intelligence officials were so concerned heading into the 2016 election that the Russians were aware of and potentially manipulating Democratic presidential candidate Hillary Clinton’s plans to smear Donald Trump as a Russian agent that they personally briefed President Barack Obama on the matter, newly declassified Central Intelligence Agency (CIA) documents show. CIA officials also requested that the FBI investigate Russian knowledge of the Clinton campaign’s collusion smear operation. Newly declassified handwritten notes from former CIA Director John Brennan show that the U.S. intelligence community knew in 2016 that Russian intelligence was actively monitoring, and potentially injecting disinformation into, Clinton’s anti-Trump collusion narrative.

The intelligence concerning Russia’s knowledge of Clinton’s campaign plans was so concerning to Brennan and other national security officials that they personally informed Obama of the matter in the Oval Office in the summer of 2016. The handwritten notes from Brennan were declassified by Director of National Intelligence (DNI) John Ratcliffe and provided to Congress on Tuesday afternoon. According to the declassified notes, Brennan and the U.S. intelligence community knew months prior to the 2016 election that the collusion smear was the result of a campaign operation hatched by the campaign of Democratic presidential candidate Hillary Clinton.

“We’re getting additional insight into Russian activites from [REDACTED],” Brennan’s handwritten notes state. “Cite alleged approval by Hillary Clinton–on 26 July–of a proposal from one of her foreign policy advisers to villify [sic] Donald Trump by stirring up a scandal claiming interference by the Russian security services.” The notes appear to have been prepared by Brennan to memorialize a meeting held at the White House with the president and his top national security advisers. Included in Brennan’s notes are the responses of other participants in the briefing — including those of former White House National Security Adviser Susan Rice, former White House Chief of Staff Denis McDonough, and former DNI James Clapper, but those responses are redacted.

Read more …

Why they should be treated as, and broken up like, AT&T.

Facebook, Twitter Execs Donated Big To Biden While Blocking Hunter News (NYP)

Facebook and Twitter executives poured hundreds of thousands of dollars into Joe Biden’s presidential campaign, all while blocking the New York Post’s exposé about Hunter Biden’s overseas business dealings. The revelation comes amid accusations from President Trump and other Republicans that Silicon Valley is censoring conservative voices, sparking a push for the companies to lose their liability protections. A review of Federal Election Commission records show Facebook’s vice president of public policy and chief privacy officer, Erin Egan, donated $99,440.01 to Democrats and Biden in the final weeks of the race.

Egan donated the maximum contribution of $2,800 to the former veep’s White House bid on Sept. 8 and Oct. 1 before ponying up a whopping $55,000 for the Biden Victory Fund and $35,500 for the Democratic National Committee. According to Biden’s website, the Biden Victory Fund is a joint fundraising effort among his campaign, the DNC, and the 47 state parties to help defeat Trump. As first reported by Fox News, she made no contributions to the president’s campaign. Likewise, Facebook’s chief financial officer, David Wehner, donated $2,800 apiece to Biden’s campaign and Democrat Amy McGrath’s failed bid to unseat Senate Majority Leader Mitch McConnell in Kentucky.

David Fischer, Facebook’s chief revenue officer, donated $2,800 to Biden’s bid during the Democratic primary, according to FEC records, and another $750 during the general election. But Fischer also donated tens of thousands of dollars to Democratic challengers in other key races, including Jamie Harrison’s unsuccessful campaign against Sen. Lindsey Graham (R-SC) and Mark Kelly and John Hickenlooper’s successful Senate races in Arizona and Colorado. A number of Facebook vice presidents and Instagram’s chief financial officer also donated the maximum $2,800 to Biden’s White House bid.

Read more …

Just ban the damn things. If elections can be manipulated, they will.

McConnell Takes Checks from Voting Machine Lobbyists (RS)

In 2016, Russian hackers targeted voting systems in 21 states and, according to Special Counsel Robert Mueller’s report, breached systems in Illinois and two counties in Florida, gaining access to information on millions of registered voters. In his report, Mueller described the Russian government’s interference in the 2016 elections as “sweeping and systematic.” Three years later, security experts warn that not enough has been done to address vulnerabilities in the U.S. election system. The director of the Federal Bureau of Investigations recently told Congress that “the threats just keep escalating,” adding that he viewed the 2018 midterms as a “dress rehearsal for the big show in 2020.”

In fourteen states, some 2018 midterm voters submitted their votes on touchscreens that did not produce paper trails necessary to verify their votes or audit election outcomes. If votes had been inaccurately processed in these precincts—whether through equipment errors or foreign hacking operations—election officials wouldn’t have been able to find or correct the problems. Several Democratic and Republican members of Congress have submitted legislation to shore up election security. Proposals from Sen. Ron Wyden (D-Ore.), Sen. James Lankford (R-Okla.) and Rep. John Sarbanes (D-Md.) include replacing paperless electronic voting machines with hand-marked paper ballots and optical scanners, subjecting voting equipment vendors to rigorous cybersecurity standards, and requiring vendors to report cybersecurity incidents.

But all the bills have hit a roadblock. Senate Majority Leader Mitch McConnell (R-Ky.) has reportedly told his colleagues that he will not allow the Senate to vote on election security legislation this session.

Read more …

A whole article on SolarWinds without mentioing Dominion even once. Well done!

Hackers Used SolarWinds’ Dominance Against It In Sprawling Spy Campaign

On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm. There was not a database or an IT deployment model out there to which his Austin, Texas-based company did not provide some level of monitoring or management, he told analysts on the Oct. 27 call. “We don’t think anyone else in the market is really even close in terms of the breadth of coverage we have,” he said. “We manage everyone’s network gear.” Now that dominance has become a liability – an example of how the workhorse software that helps glue organizations together can turn toxic when it is subverted by sophisticated hackers.

On Monday, SolarWinds confirmed that Orion – its flagship network management software – had served as the unwitting conduit for a sprawling international cyberespionage operation. The hackers inserted malicious code into Orion software updates pushed out to nearly 18,000 customers. And while the number of affected organizations is thought to be much more modest, the hackers have already parlayed their access into consequential breaches at the U.S. Treasury and Department of Commerce. Three people familiar with the investigation have told Reuters that Russia is a top suspect, although others familiar with the inquiry have said it is still too early to tell. [..] In a statement issued Sunday, the company said “we strive to implement and maintain appropriate administrative, physical, and technical safeguards, security processes, procedures, and standards designed to protect our customers.”

Cybersecurity experts are still struggling to understand the scope of the damage. The malicious updates – sent between March and June, when America was hunkering down to weather the first wave of coronavirus infections – was “perfect timing for a perfect storm,” said Kim Peretti, who co-chairs Atlanta-based law firm Alston & Bird’s cybersecurity preparedness and response team. Assessing the damage would be difficult, she said. “We may not know the true impact for many months, if not more – if not ever,” she said. The impact on SolarWinds was more immediate. U.S. officials ordered anyone running Orion to immediately disconnect it.

Read more …

Oh please, make it stop. What clown will takeover from Pompeo?

Pompeo: Russia Sowing ‘Chaos, Conflict, And Division’ In Mediterranean (JTN)

Secretary of State Mike Pompeo has launched a verbal salvo charging that Russia continues to destabilize the Mediterranean, and that it sows “chaos, conflict, and division” in the region. Pompeo directed his comments Tuesday at his Russian counterpart, Foreign Minister Sergey Lavrov, who recently accused the U.S. of playing political games in the countries surrounding the Mediterranean Sea. “It’s unfortunate and unhelpful that Mr. Lavrov again gets the facts wrong and attempts to rewrite history,” Pompeo said in a statement. “The United States is working actively with allies and partners in the Eastern Mediterranean to promote greater stability, security, and prosperity.”

The comments come during a time of increased tensions between Washington and Moscow, and in the wake of reports that Russian hackers have breached U.S. government computer systems. Although he did not directly mention hacking operations, Pompeo charged Russia with spreading disinformation and undermining national sovereignty specifically in the countries surrounding the Mediterranean. “In Syria, Russia supports the Assad regime whose war against its own people has added to regional instability, led to a protracted humanitarian crisis, and displaced half the population,” Pompeo said. The secretary of state listed a number of Russian actions in Greece, Cyprus, Malta, and elsewhere.

“In Libya, Russia/ supported an assault on the/ Libyan capital, Tripoli, killing civilians and undermining the UN s efforts to bring peace to the country,” Pompeo said. Citing a litany of actions in Libya, Pompeo noted Russia had printed counterfeit Libyan dinars and has used its proxy mercenary army known as Wagner to fuel conflict.

Read more …

 

 

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G.K. Chesterton

 

 

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Oct 062020
 


Jacob Lawrence Struggle: From the History of the American People, Panel 8 1954

 

 

From the Automatic Earth’s most vocal resident physician, Dr. John Day, in Texas. Who thinks Trump’s meeting with COVID should start a change in America (back) towards preventive healthcare. Why is Trump doing so well so fast? Because his treatment started much earlier.

 

 

John Day: The Trumpster was never taken out of action by the virus that has been ravaging Big-Mac consumers his age all year. Uh, how come?

 

After Returning To White House, Trump Implores Americans Not To Let COVID-19 “Dominate Your Life”

Update (1515ET): Dr. Conley has confirmed that although President Trump isn’t out of the woods yet, he has recovered enough to warrant his safe return back to the West Wing, as the president announced via tweet.

Doctors said that Trump has maintained a full work schedule at Walter Reed. He will receive his fourth dose of remdesivir Monday evening, before taking the fifth and final dose on Tuesday. When pressed by a reporter about the safety risks to the Secret Service agents during Trump’s ride outside Walter Reed Sunday evening, Dr. Conley said that the agents wore PPE, as they have in recent days, and that the trip took place over a “very short period of time”.

Circling back to Trump’s mental acuity, reporters asked whether there had been any fogginess as a result of the medication, or the virus, Dr. Conley assured reporters that “he’s back” and that Trump has been a “great” patient.

Looking ahead, Dr. Conley said advanced diagnostic techniques will be used to detect when the last traces of ‘live’ virus have left the president. Dr. Conley said that people are most at risk of shedding the live virus during the first 5 days of infection, but usually by ten days the last traces have left.

 

Trump got treated with antiviral medicines shortly after he was diagnosed with SARS-CoV-2, based upon a screening test. A super-spreader cluster was identified at the White House, with 29 people now positive, from that event. The unmasking in the Rose Garden for Amy Coney Barrett’s nomination is blamed, but the people who got sick were all inside without masks for the reception afterward.

I think that’s where the viral cloud got ’em.

 

 

We have all been told that the only advantage to early and frequent testing is early isolation to reduce spread. All the drugs the Chinese used, and the rest of the world uses, have not been shown to save lives in America, where nobody is allowed to have them until they are almost dying. These antiviral drugs only worked in cell cultures, China which is to blame, and fakes results, and poor countries like India.

Just stay at home until you need a ventilator. Do NOT use drugs from India and Bangladesh! Are you CRAZY?! Trump announced in May that he was taking hydroxychloroquine/zinc prophylaxis, but no mention is made of it now. None. Was it stopped sometime in the summer? Anyway, nobody says he was taking it last week and he’s not taking it now. Hydroxychloroquine/Zn does seem to work as prophylaxis in studies.

There is a progression in the attack of SARS-CoV-2 upon the human body. It’s moderately well understood now, but understandings are broadly misrepresented to the public by the national medical bureaucracy. Many treating physicians have been mocked and belittled in the press for saying that there are treatments to reduce morbidity and mortality from COVID.

Rheumatic fever, from untreated Strep Throat used to be a major cause of death and morbidity in the US. That stopped when strep throat started to be treated promptly with penicillin. Now it’s unheard of. In HIV, we discovered that all the “AIDS-defining-illnesses” like pneumocystis pneumonia, and Kaposis’s Sarcoma would just never happen if viral infection was detected early and antivirals were started before the virus had caused widespread injury. Even Tony Fauci knows that.

 

Now, with the way Donald Trump is being treated, with antivirals reserved for the hopelessly ill, and getting a rapid recovery from early symptoms, when we know he’s exactly the target this virus likes to find, maybe we can get a national reprieve and Make-America-Average-Intelligent-Again.

What if everybody took a little saliva test every Monday and Thursday? What if people at higher risk or even higher anxiety level, got treated as soon as the test was confirmed, like President Trump did, and some of the other party-goers probably are? Hey, what if all the people who tested positive before elective surgery got treated that way for starters? I bet we could set up a study proposal to do that in about 3 months, and have it reviewed for possible approval by next spring!

To have convincing scientific evidence you have to go through the process. It takes a lot of time. Just treating people, like in the old days, can’t give you convincing evidence that it is better to take ordinary drugs for a life threatening infection, before your life is already threatened. Some people might want to do that if they test positive, of course, but it’s not to be condoned, is it?

 

What if it was somebody in your family? You know how stressful that can be, right? What if great-aunt, or grandma isolated at home and took some safe, purportedly antiviral combination like ivermectin, zinc and doxycycline, or hydroxychloroquine and zinc if her EKG was ok? Would you go for that? Would it seem OK to you? If auntie-grandma just got a positive screening test after 3 visits to the ER , and couldn’t get the surgery she needed, would you think she should take some treatment, even before she got sick with fever, diarrhea, hurting all over, and gasping for air?

How would you know the medicine really worked if she never got sick enough to be sure? Can’t have that, can you?

Our family is treating Auntie-Grandma. Judge us if you must, but we are weak and subject to temptation. We fear the guilt which would come from inaction if she did get badly sick and suffered, and maybe died. She has started ivermectin, doxycycline, and will get the zinc in a couple of hours when the family-courier gets it to her. We’ll letcha know how it works out. Maybe she can get her surgery without too long of a wait.

We may be on the cusp of paradigm shift. I sure hope we are. Take 5000 units per day of vitamin-D. “Auntie Grandma” is taking 5000 units 3 times a day with her zinc, vitamin-C and NAC 600 mg for the next 10 days.

 

 

 

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Sep 262020
 
 September 26, 2020  Posted by at 5:42 pm Finance Tagged with: , , , , , , , ,  20 Responses »


Dora Maar Model in swimsuit 1936

 

 

I’ll try one more time, if only to show you that me heart’s in the right place. Yes, lockdowns work, and so do facemasks. But that doesn’t mean all lockdowns or facemasks or requirements for either work all the time. The UK was very late with its first lockdown, and let in a million people through their airports without testing them. After they did lock down, another 100,000 came in, no testing.

And now people there say lockdowns don’t work. Have you seen this report, or that report? Sorry, but I don’t have to. A virus spreads by jumping from host to potential host. Keep them apart and it can’t spread. I don’t need a “scientific” probe to figure that one out. The principle of a lockdown works, but that’s still only half the story.

The facemask thing is a little more complex perhaps. But it’s complicated only because various governments have neglected to do the one thing they should have: make sure they have the best facemask ready for everyone, the one mask that is proven to be effective, preferably mass-produced in their country/state/territory. But have you seen N95 facilities being erected where you are?

Now the entire world is walking around with masks that they all can see offer little protection, and mostly where they have little effect. Moreover, I see lots of people here in Athens who washed them with their underwear and wear them again the next day, because they’ve been told they have to cover their face with something anything. But that’s not how this works. What little protection those blueish masks that are everywhere offer, is gone once you wash them. What’s left is merely symbolic.

And as for the well-meaning crowd that make their own masks, stop trying, those things don’t do a thing and they make you look stupid. There are actually norms and data and whatnot for this, and putting your panties on your face does not comply with any science whatsoever. It’s just scaring people, and we have enough of that, thank you. Non-woven masks work best, that mean anything to you?

The droplets that the virus hitchhikes on to get from one host to another are way too small to be stopped by granny getting creative with her bathroom curtains. But it’s not you, it’s your government which should have had an N95 mask production facility in place months ago.

They should also have mass-produced vitamin D, and zinc, because these cheap elements would have decreased the new cases, and the severity of them, by probably half. But no western government that I know of has even mentioned the role of these cheap supplements in the COVID story.

How odd is that? It appears to be in line with the hydroxychloroquine story, which went from “It will kill you!” when Trump first mentioned it in public, to “It’s not effective” in Fauci’s terminology. But medical doctors I’m talking to still maintain it works, and perhaps more importantly, continue to treat their infected patients with it.

Sort of the same thing goes for the western Big Pharma attempts to get a vaccine, there were 239 of those trials last time I counted. But there’s never been a vaccine for any of the many coronaviruses, and not for lack of trying. Unless you count the Russian Sputnik V, developed in a fundamentally different way from the western ones, but that wouldn’t make Big Pharma any profits, so we all choose to just ignore and discard it.

 

It’s “funny” to see how all those politicians like the power to tell people what to do, lock them down etc., but when their measures don’t work, and that’s the case all over Europe, they blame their people and never themselves. I haven’t seen even one say, I’m sorry, I failed, I step down. Instead they all talk about doing more of what didn’t work. More lockdowns. Hey, you failed, move over!

In countries like Britain and Holland, they’re so busy trying not to explain how and why they still didn’t have enough PCR testing capacity 9 months into the pandemic, that they completely fail to see that PCR is the wrong testing method to use on a grand scale. Holland has “identified” 5 rapid testing options and needs until November for their “experts” to find the best one.

Meanwhile they have a “rapid test test” facility where doctors and nurses apply the tests, which should cost perhaps €1 a piece max, but which set you back a very reasonable €225. Good lord. The incompetence is not going to stop here and now, it’s engrained in the political and societal brains and structures.

And it’s not just the politicians, the “experts” also refuse to see and acknowledge that they are utter failures. They, too, blame the people. But just like they should have all secured access to 100 N95 masks for every individual, and Vit. D and zinc, and HCQ if people still get sick, they should have made rapid tests available for everyone to use at home, twice a week or so, if only just to ease the pressure. But health care has been institutionalized, so that will only happen when things get terribly out of hand.

All these failures have cost a lot of lives, and will continue to do so, and do a huge amount of damage economically and mentally. The idea of second lockdowns is insane, given that no N95 masks, no Vit. D, no zinc, no HCQ were ever made available. But the lockdowns will come regardless. Because the politicians and experts can and will blame it all on you.

In an event like this, people’s worlds get much smaller, and they only know what their “local” media tell them, and those media are in line with the respective political systems. In crisis times, you as a journalist don’t attack the leading party, no matter how badly they fail, because they will deflect any criticism right back onto you, and say it’s your critical reports that made people behave badly.

It’s circular logic at its finest. And since all these fine people in all these fine countries got it all wrong in the same way, they can use each other for cover. France can point their finger at Spain, and they at Italy, and all hail the King of Sweden. BTW, has anyone ever seen an explanation for why so many countries and states sent infected elderly people back into care homes? That one puzzles me.

 

The next threat is hidden right in that finger-pointing. Because they all want to keep their borders open, and that has consequences. Should have gotten it right the first time, guys, because Lockdown 2.0 was always going to be much harder. What you will see now is groups of people in various countries saying they will not do 2.0. While borders are open.

And what then? You’re going to lock them all up (instead of down), in virus-infected prison cells? You guys have no idea what’s coming at you. There is even talk in several places of engaging the army to make people obey. But it’s the politicians and experts who have failed, not the people who have lost faith in them. And those people have had 6 months now to educate themselves on COVID19, so they’re not so easily fooled anymore.

I still don’t believe in the big conspiracy themes. I see a sea of incompetence, of people not up to their jobs who insist on hanging on to those jobs anyway. That’s true, too, for the blunt refusal to even consider N95, Vit.D, zinc and HCQ. They’re just not smart enough. They were not selected for being smart, but for fitting into, and being servants to, the existing system. And then something unexpected happens. And they have no idea what to do.

Many people will not accept Lockdown 2.0. Not because they’re stupid, or suicidal, or they want to kill their neighbors and friends, but because they understand that what they’ve given up over the past 9 months has been of no benefit to them, or their neighbors and friends. And then on top of that they themselves get blamed for things getting worse. That’s the breaking point, right there.

Our “leaders” simply have no clothes on.

 

 

 

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Sep 062020
 
 September 6, 2020  Posted by at 7:03 pm Finance Tagged with: , , , , , , , , ,  12 Responses »


Joel Meyerowitz/Beetles + Huxley New York City 1978

 

 

Of course, because I’m a dreamer, I start off an essay like this with the idea that I should do an all-encompassing idea of COVID19, all around the world no less, for the rest of 2020, and beyond. Only to find that nobody, including me, even if I have a few advantages over most, could possibly do such a thing. So of necessity there’ll be this essay and many more to come. As the US elections set the world on fire.

I did make a list of what every government, every society and community should be ordering by now (and that would be already very late) Here they are: A billion rapid tests, a billion doses of hydroxychloroquine (HCQ), a billion doses of zinc, a billion doses of Vitamin D, and a zillion N95 facemasks. (I am not a doctor, but we do have doctors on this platform.)

Rapid tests: these things have been available for months, but have been obstructed by guidelines that say every test must be PCR, which take a long time to produce results, which test positive on dead virus etc. etc. Whereas rapid tests (there are several options) detect a virus load when it’s most likely to infect a third person (the no. 1 thing you want to find!, and moreover show a result in minutes and cost a few pennies each (don’t fall for the $5 a test thing!). You can do a paper test for everyone every single day.

We have this, we got this, but we’re not doing it. The answer from the politicians who have failed to grasp this reality will be: another lockdown! But there won’t be another lockdown. Or, there will be in some locations, but what good is that if neighbors don’t lock down? More on that in a bit.

Hydroxychloroquine (or ivermectin) and zinc -combined if you will with an antibiotic- for those who are infected or close to it, combined with a substantial increase in everyone’s vitamin D levels in your population -right now, you already lost half a year!- will bring down death and suffering enormously. Don’t listen to your doctor, listen to us.

A bit of -potential- harsh reality came to us today through a report from Washington University’s Institute for Health Metrics and Evaluation. They predict total deaths to triple globally, and double in the US, in less than four months from today.

 

Total COVID19 Deaths Projected To Double In US, Triple in World By Jan. 1

U.S. deaths from the coronavirus will reach 410,000 by the end of the year, more than double the current death toll, and deaths could soar to 3,000 per day in December, the University of Washington’s health institute forecast on Friday. Deaths could be reduced by 30% if more Americans wore face masks as epidemiologists have advised, but mask-wearing is declining, the university’s Institute for Health Metrics and Evaluation said. The U.S. death rate projected by the IHME model, which has been cited by the White House Coronavirus Task Force, would more than triple the current death rate of some 850 per day.


“We expect the daily death rate in the United States, because of seasonality and declining vigilance of the public, to reach nearly 3,000 a day in December,” the institute, which bills itself as an independent research center, said in an update of its periodic forecasts. “Cumulative deaths expected by January 1 are 410,000; this is 225,000 deaths from now until the end of the year,” the institute said. It previously projected 317,697 deaths by Dec. 1. The model’s outlook for the world was even more dire, with deaths projected to triple to 2.8 million by Jan. 1, 2021.

No, I won’t take back one word of what I’ve been saying about the best ways to tackle COVD19 over the past 8 months, for instance in April 15’s The Only Man Who Has A Clue about Nassim Taleb. He was still right, and that’s not going to change. But that doesn’t mean nothing has changed. Actually, a lot has.

Taleb’s approach, and that of his “co-conspirators” Yaneer Bar-Yam and Joe Norman, is as valid as it ever was, but that validity doesn’t last forever if it is not applied by those in charge of policy. It hasn’t been and today we’re way past the best-before date. Which, as we will see going forward, is highly unfortunate, because all the alternatives are -much- worse.

We’ve seen an entire world, and tons of governments in that world, caught with no blueprints and no playbooks for a coronavirus pandemic, despite having been warned about such a pandemic coming, for decades. And so they all went into “make it up as you go along” mode. With very little knowledge of what was going on, and what to expect.

With predictable failures as a result. But because the pandemic has largely played out on a national level, not international, they manage to keep their failures hidden behind a facade of “we listened to the best science”, “nobody could have seen this coming”, and “if only people had listened to (obeyed)” what we said all along.

As I explained in the Taleb piece, the first, the initial, scientists to refer to in a case like SARS-CoV-2 are not epidemiologists, because they are backward looking; they compare the little they know about a new virus with what they know about earlier ones. Even if it’s all essentially a mismatch.

Instead, the first people you consult are risk specialists; yes, like Taleb. To know what the -necessarily basic- steps are to take against something you know very little about, other than it is contagious and potentially lethal. One of the obvious steps is close your borders.Another is a lockdown. But a lockdown is not a lockdown is not a lockdown. If you don’t get it right, it’s useless, oppressive and even harmfully counterproductive.

That’s why blueprints and playbooks, written well before a pandemic happens, are so important. You should never leave those things up to politicians, who don’t understand the matter at hand, who will always have other interests in mind (the economy), and will therefore assemble a bunch of local epidemiologists in order to declare: we’re listening to science!

Most of these people mean well, but that’s not enough. And with that, we’re moving out of the summer time and into, what?, COVID 2.0? With Lockdowns 2.0? There is no need. Here’s what you do: Order a billion rapid tests, a billion doses of hydroxychloroquine (HCQ), a billion doses of zinc, a billion doses of Vitamin D, and a zillion N95 facemasks.

Not the crappy bluish masks everyone’s wearing today, that’s just a symbolic thing, but get the real thing, for everyone. How many has your government offered to you to date, while spending billions of trillions on the effects of the virus? Really, politicians are always useless when it comes to emergencies, because that’s not what they get elected for.

And no, face masks are not useless, but they certainly are outside. The risk of you getting infected -or infecting someone- are infinitesimal on the street. Unless someone spits or coughs in your face, but if that happens, that bluish mask won’t do much good anyway. So when I see a photo like this, of Japanese girls en masse wearing almost useless masks (only because the others do it too), I can only think: why don’t we teach people what works and what doesn’t? (I see the same thing here in Athens a lot too)

 

 

But so, yeah if your government won’t protect you with a billion rapid tests, a billion doses of hydroxychloroquine (HCQ), a billion doses of zinc, a billion doses of Vitamin D, and a zillion N95 facemasks., they’re going to be thinking Lockdown 2.0. And that is going to be a huge problem in many places. There are very big problems in Melbourne as we speak:

 

Melbourne Lockdown Extended By Two Weeks

A strict lockdown in the Australian city of Melbourne has been extended by two weeks, with officials saying new Covid-19 cases had not dropped enough. Victoria State Premier Daniel Andrews said the restrictions would be in place until 28 September, with a slight relaxation. A gradual easing of the measures will be implemented from October. The state has been the epicentre of the country’s second wave, accounting for 90% of Australia’s 753 deaths. Australia has recorded a total of 26,000 cases in a population of 25 million. The greater Melbourne area entered a second lockdown on 9 July after a rise in cases. A 5km (3 mile) travel limit and night time curfew was imposed while shops and businesses were closed. The current stage four lockdown was originally set to end on 13 September.

2nd lockdowns are going to be hell to pay, for governments, for their citizens, for their economies. And they don’t have to be. If just everyone gets out the Fauci, “experts”, mood., and their potential connections to Big Pharma. Vitamin D and zinc and HCS look very promising. So does the Russian vaccine, but we don’t want it because, well, it’s Russian, and even more because it would deprive Gilead et al of huge potential profits furnished by western governments.

No, not all lockdowns are terrible. But a lock down should last maximum 2 months, or you will needlessly destroy your economy. Thing is, you must make sure it’s real, effective and short, not some Swedish or Dutch half-lockdown, or any of the half-assed US ones. A lockdown is either a lockdown or it’s not. But we’ve already passed that fase. Lockdowns in most locations will simply no longer be accepted.

Facemasks can have a real potential, but just as with lockdowns, only when applied appropriately, at the right time and under the right circumstances. I don’t subscribe to the right wing US idea that it is all just a bad joke and a means to oppress people. But if you order people to wear masks outside, where the infection risk borders on zero, and you order churches closed but not demonstrations or Target, you just show you understand neither the virus not your people. And then try and claw that one back.

Once again: tell your government to order – and have available ASAP: a billion rapid tests, a billion doses of hydroxychloroquine (HCQ), a billion doses of zinc, a billion doses of Vitamin D, and a zillion N95 facemasks. You may not be perfect, but your prospects are going to be a lot better than they are now.

 

 

 

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Support the Automatic Earth in virustime.