lewrockwell--2020-10-08--A Half-Million Sharks To Be Killed for Covid-19 Vaccine

According to conservationists and wildlife experts , the plan to vaccinate the global population against COVID-19 will have a devastating environmental impact , as one of the vaccine ingredients , squalene , is made from shark liver oil .
To satisfy a global supply of squalene-containing vaccines , an estimated half-million sharks would have to be slaughtered .
At present , five COVID-19 vaccine candidates are using squalene as an adjuvant to boost the immune response to the vaccine and elicit higher antibody titers.1,2,3 Added to the more than 3 million sharks already killed for their livers each year , @ @ @ @ @ @ @ species , such as gulper and basking sharks that are particularly rich in squalene , to the brink of extinction.4 According to the New Zealand Herald:5 The Mystery of Banking ... Rothbard , Murray N. Best Price : $ 15.07 Buy New $ 13.00 The conservationist group Shark Allies6 has launched a Change.org petition7 calling for a ban on shark-derived squalene in COVID-19 vaccines .
As noted in the petition , which is addressed to several regulatory agencies around the world , including the U.S. Food and Drug Administration , the British Medicines @ @ @ @ @ @ @ European Medicines Agency and the National Medical Products Administration in China , as well as all vaccine makers:8 Shark Allies points out that shark liver squalene has no “ magical ” properties that can not be replaced by other , more sustainable botanical sources such as yeast , algae , olive oil , palm oil , amaranth oil and wheat germ oil.9,10 At least one company has developed a synthetic version of the adjuvant,11,12 made from fermented sugar cane rather than shark liver , but while that would safeguard sharks , it opens @ @ @ @ @ @ @ synthetic squalene is currently approved for use in vaccines , but the Silicon Valley company Amryis , which has been producing synthetic squalene for the cosmetics industry , is now trying to get the product approved by the FDA for use in vaccines , and it ’ s already in negotiations with three vaccine makers.13 Squalene , a hydrocarbon oil , is used as an adjuvant in some vaccines .
One commonly used squalene-based adjuvant , MF59 , is an emulsion formulated with squalene , polysorbate 80 , sorbitan trioleate , trisodium citrate @ @ @ @ @ @ @ As noted in a 2014 paper,15 “ The individual components of the MF59 adjuvant are not immunostimulatory , but the emulsion is.
” The purpose of a vaccine adjuvant is to enhance ( turbo charge ) your immune response to the vaccine .
Adjuvants cause your immune system to overreact to the introduction of the organism you ’ re being vaccinated against .
As noted in the 2014 paper , “ MF59 as a Vaccine Adjuvant : A Review of Safety and Immunogenicity ” :16 As reported in “ Coronavirus Vaccine Will Bypass @ @ @ @ @ @ @ distributed in Europe during the 2009 swine flu pandemic were found to cause narcolepsy , a very rare and disabling neurological disorder characterized by excessive daytime sleepiness .
About 70 % of narcolepsy cases also involve cataplexy17 — the sudden loss of voluntary muscle control — along with vivid hallucinations and total paralysis at the beginning or end of the narcoleptic attack .
One of the H1N1 vaccines causatively linked to narcolepsy was GlaxoSmithKline ’ s Pandemrix vaccine , which was licensed by European government regulators and sold in a number of European @ @ @ @ @ @ @ ) .
The Pandemrix package insert18 actually stated that “ somnolence , ” although not narcolepsy per se , was a known potential side effect of the vaccine .
The Case for a 100 Per ... Rothbard , Murray N. Best Price : $ 17.19 Buy New $ 6.00 Thanks to the public pushback instigated by the National Vaccine Information Center ( NVIC ) , which opposed the fast-tracked licensure of squalene adjuvants in swine flu vaccines under the Emergency Use Authorization Act , none of the H1N1 vaccines distributed in the U.S. @ @ @ @ @ @ @ questionable vaccine ingredients to be used in emergency vaccines is that once it ’ s been used in one vaccine , vaccine makers can then use it in other vaccines without having to go through the rigorous approval process that would normally be required .
A squalene-containing vaccine for the U.S. market ended up being approved19 in 2013 , though , during the H5N1 bird flu pandemic .
It was the first adjuvanted influenza vaccine approved for the U.S. market , and it used the same problematic squalene adjuvant that was widely used @ @ @ @ @ @ @ flu pandemic .
In 2002 , researchers found20 military personnel exhibiting symptoms of Gulf War Syndrome had antibodies to squalene , sparking concerns that the mysterious condition might be caused by squalene-containing anthrax vaccine .
An investigation revealed the problem was indeed limited to a specific batch of anthrax vaccine , one that contained squalene adjuvant , but subsequent investigators downplayed the link , as low titers of antisqualene antibodies were also detected in the blood of healthy individuals , and the titer levels didn ’ t change after they were injected with @ @ @ @ @ @ @ about squalene-adjuvanted vaccines include a 2001 meta-analysis22,23 of 20 clinical trials , which found MF59-adjuvanted seasonal influenza vaccine ( Fluad ) had a riskier safety profile than nonadjuvanted flu vaccine .
Over the course of three years , 1 % to 8 % of seniors who received MF59-adjuvanted seasonal influenza vaccine experienced systemic adverse events , compared to zero to 7 % in the nonadjuvanted flu vaccine group .
“ MF59 as a Vaccine Adjuvant : A Review of Safety and Immunogenicity ” also notes that:24 The Irrepressible Roth ... Murray N. Rothbard @ @ @ @ @ @ @ $ 7.95 While evidence is scarce , some studies have highlighted the possibility of squalene causing autoimmune problems such as arthritis and lupus when injected .
As noted in one 2004 study:25 Similarly , a 2000 study26 published in the American Journal of Pathology demonstrated a single injection of squalene into rats triggered “ chronic , immune-mediated joint-specific inflammation , ” i.e .
rheumatoid arthritis .
The researchers concluded their findings raise questions about the role of adjuvants in chronic inflammatory diseases .
A more recent study,27 published in 2017 , also reported @ @ @ @ @ @ @ and enhance arthritis in genetically susceptible rats .
Injecting hydrocarbon oil adjuvants also resulted in : • The activation , proliferation and elevated expression of Th1 and Th17 cytokines by T cells “ which correlate with the arthritogenicity of the T cells ” According to the authors : Power & Market : Govern ... Murray Rothbard Best Price : $ 22.33 Buy New $ 14.00 Your Genetic Profile May Predispose You to Squalene Damage The authors of that 2017 study28 also address the issue of squalene adjuvants in vaccines , specifically , noting @ @ @ @ @ @ @ “ associated with the elevated production of cytokines such as IFN-γ and IL-17.
” The challenge vaccine makers face is to maximize immunogenicity ( the ability to provoke an immune response ) while minimizing reactogenicity ( the unwanted property of creating adverse reactions , especially immunological responses ) “ and the risk of developing any ‘ adjuvant-induced ’ autoimmune or chronic degenerative disorders , such as narcolepsy or Gulf War syndrome , ” the researchers note .
They also point out that : Returning to where we started , with the issue of @ @ @ @ @ @ @ their liver oil now that several COVID-19 vaccine candidates are using squalene adjuvant , let ’ s hope an alternative is made available to prevent this massacre .
However , let ’ s not confuse this with the notion that botanical squalene might be safer .
While it would be noble to safeguard our shark stocks , switching to a botanical source of squalene adjuvant is unlikely to result in a safer vaccine .
Despite the mainstream narrative that the vaccine will save us from devastation , nothing could be further from the @ @ @ @ @ @ @ is to catalyze your immune system to produce a protective response .
The problem with the Warp Speed produced vaccine , with virtually all the safety stops removed , is that the risks far outweigh any benefits .
This is particularly true in light of the many well researched ways to improve immune function by improving your metabolic health using simple strategies like time-restricted eating and avoiding all industrially processed seed oils , both of which will decrease insulin resistance and upregulate your immune response .
Vitamin D is another powerful synergistic therapy @ @ @ @ @ @ @ far greater than any unproven vaccine that is a ticking time bomb with its squalene adjuvant and accelerated production schedule that eliminates years of important safety testing .
The Best of Joseph Mercola

According to conservationists and wildlife experts, the plan to vaccinate the global population against COVID-19 will have a devastating environmental impact, as one of the vaccine ingredients, squalene, is made from shark liver oil.
To satisfy a global supply of squalene-containing vaccines, an estimated half-million sharks would have to be slaughtered. At present, five COVID-19 vaccine candidates are using squalene as an adjuvant to boost the immune response to the vaccine and elicit higher antibody titers.1,2,3
Added to the more than 3 million sharks already killed for their livers each year, the added demand could push certain shark species, such as gulper and basking sharks that are particularly rich in squalene, to the brink of extinction.4 According to the New Zealand Herald:5
“British pharmaceutical company GlaxoSmithKline uses shark squalene in its adjuvant, which is used in flu vaccines. In May, GSK said it would manufacture a billion doses of the adjuvant for potential use in COVID-19 vaccines.
About 3,000 sharks are required to make 1 ton of squalene. Estimates from California-based group Shark Allies suggest that immunizing everyone in the world with one dose of a COVID-19 vaccine containing squalene would require about 250,000 sharks, depending on the quantities used. This doubles to half a million if two doses are required, as researchers say is likely.”
Conservationists Call for Ban on Shark-Derived Squalene
The Mystery of Banking... Rothbard, Murray N. Best Price: $15.07 Buy New $13.00 (as of 08:22 UTC - Details) The conservationist group Shark Allies6 has launched a Change.org petition7 calling for a ban on shark-derived squalene in COVID-19 vaccines. As noted in the petition, which is addressed to several regulatory agencies around the world, including the U.S. Food and Drug Administration, the British Medicines and Healthcare Products Regulatory Agency, the European Medicines Agency and the National Medical Products Administration in China, as well as all vaccine makers:8
“The supply chain has never been tested at the scale that a coronavirus vaccine would demand. There is also very little quality control and transparency in the shark squalene industry. In a nutshell, exploiting sharks for a key vaccine ingredient that can be derived from more sustainable and reliable non-animal alternatives is a detrimental and destructive approach.”
Shark Allies points out that shark liver squalene has no “magical” properties that cannot be replaced by other, more sustainable botanical sources such as yeast, algae, olive oil, palm oil, amaranth oil and wheat germ oil.9,10
At least one company has developed a synthetic version of the adjuvant,11,12 made from fermented sugar cane rather than shark liver, but while that would safeguard sharks, it opens yet other questions surrounding safety.
No synthetic squalene is currently approved for use in vaccines, but the Silicon Valley company Amryis, which has been producing synthetic squalene for the cosmetics industry, is now trying to get the product approved by the FDA for use in vaccines, and it’s already in negotiations with three vaccine makers.13
What Is Squalene?
Squalene, a hydrocarbon oil, is used as an adjuvant in some vaccines. One commonly used squalene-based adjuvant, MF59, is an emulsion formulated with squalene, polysorbate 80, sorbitan trioleate, trisodium citrate dehydrate, citric acid monohydrate and water.14 As noted in a 2014 paper,15 “The individual components of the MF59 adjuvant are not immunostimulatory, but the emulsion is.”
The purpose of a vaccine adjuvant is to enhance (turbo charge) your immune response to the vaccine. Adjuvants cause your immune system to overreact to the introduction of the organism you’re being vaccinated against. As noted in the 2014 paper, “MF59 as a Vaccine Adjuvant: A Review of Safety and Immunogenicity”:16
“Its mechanism of action is not fully understood, but enhancement of the interaction between the antigen and the dendritic cell seems to be involved. When used with seasonal influenza vaccines, an increase occurs in the hemagglutination inhibition antibody titers against some, but not all, seasonal vaccine influenza strains …
Data suggest that MF59 exerts it immunostimulatory effect by engaging the muscle fibers and mononuclear cells to produce a local environment that is conducive to the attraction of effector cells and differentiation of monocytes to DCs [dendritic cells].”
Squalene-Based Flu Vaccines Linked to Narcolepsy
As reported in “Coronavirus Vaccine Will Bypass Safety Testing,” squalene-containing H1N1 vaccines distributed in Europe during the 2009 swine flu pandemic were found to cause narcolepsy, a very rare and disabling neurological disorder characterized by excessive daytime sleepiness.
About 70% of narcolepsy cases also involve cataplexy17 — the sudden loss of voluntary muscle control — along with vivid hallucinations and total paralysis at the beginning or end of the narcoleptic attack.
One of the H1N1 vaccines causatively linked to narcolepsy was GlaxoSmithKline’s Pandemrix vaccine, which was licensed by European government regulators and sold in a number of European countries (but not in the U.S.). The Pandemrix package insert18 actually stated that “somnolence,” although not narcolepsy per se, was a known potential side effect of the vaccine. The Case for a 100 Per... Rothbard, Murray N. Best Price: $17.19 Buy New $6.00 (as of 08:22 UTC - Details)
Thanks to the public pushback instigated by the National Vaccine Information Center (NVIC), which opposed the fast-tracked licensure of squalene adjuvants in swine flu vaccines under the Emergency Use Authorization Act, none of the H1N1 vaccines distributed in the U.S. contained squalene.
The danger with allowing questionable vaccine ingredients to be used in emergency vaccines is that once it’s been used in one vaccine, vaccine makers can then use it in other vaccines without having to go through the rigorous approval process that would normally be required.
A squalene-containing vaccine for the U.S. market ended up being approved19 in 2013, though, during the H5N1 bird flu pandemic. It was the first adjuvanted influenza vaccine approved for the U.S. market, and it used the same problematic squalene adjuvant that was widely used in other countries during the 2009 swine flu pandemic.
Potential Safety Problems
In 2002, researchers found20 military personnel exhibiting symptoms of Gulf War Syndrome had antibodies to squalene, sparking concerns that the mysterious condition might be caused by squalene-containing anthrax vaccine.
An investigation revealed the problem was indeed limited to a specific batch of anthrax vaccine, one that contained squalene adjuvant, but subsequent investigators downplayed the link, as low titers of antisqualene antibodies were also detected in the blood of healthy individuals, and the titer levels didn’t change after they were injected with a squalene-adjuvanted vaccine.21
Other studies raising questions about squalene-adjuvanted vaccines include a 2001 meta-analysis22,23 of 20 clinical trials, which found MF59-adjuvanted seasonal influenza vaccine (Fluad) had a riskier safety profile than nonadjuvanted flu vaccine.
Over the course of three years, 1% to 8% of seniors who received MF59-adjuvanted seasonal influenza vaccine experienced systemic adverse events, compared to zero to 7% in the nonadjuvanted flu vaccine group. “MF59 as a Vaccine Adjuvant: A Review of Safety and Immunogenicity” also notes that:24
“In 2009, Pellegrini et al. published an analysis that encompassed the aforementioned 20 trials in addition to 44 other trials. These were heterogeneously designed trials in terms of age group (infant to elderly), study design (controlled and uncontrolled), duration of observation (3 weeks to >12 months) and the antigen used (pandemic or interpandemic influenza).
These trials included 20,749 subjects who received at least one dose of MF59-adjuvanted vaccine, and 7,526 subjects who received nonadjuvanted influenza vaccine.
Subjects who received MF59-adjuvanted vaccine were more likely to develop local reactions such as pain, erythema, induration and warmth (risk ratio [RR] of 1.71), and systemic reactions including myalgia, fatigue, headaches and malaise (RR: 1.33) in the first 3 days post-vaccination, when compared to those who received nonadjuvanted vaccines.”
Squalene Linked to Autoimmunity
The Irrepressible Roth... Murray N. Rothbard Best Price: $8.75 Buy New $17.95 (as of 07:59 UTC - Details) While evidence is scarce, some studies have highlighted the possibility of squalene causing autoimmune problems such as arthritis and lupus when injected. As noted in one 2004 study:25
“Adjuvant oils such as … squalene (MF59) have been used in human and veterinary vaccines despite poor understanding of their mechanisms of action. Several reports suggest an association of vaccination and various autoimmune diseases, however, few were confirmed epidemiologically …
We have reported that a single intraperitoneal injection of the adjuvant … squalene induces lupus-related autoantibodies to nRNP/Sm and -Su in non-autoimmune BALB/c mice.
Induction of these autoantibodies appeared to be associated with the hydrocarbon’s ability to induce IL-12, IL-6, and TNF-α, suggesting a relationship with hydrocarbon’s adjuvanticity. Whether this is relevant in human vaccination is a difficult issue due to the complex effects of vaccines and the fact that immunotoxicological effects vary depending on species, route, dose, and duration of administration.
Nevertheless, the potential of adjuvant hydrocarbon oils to induce autoimmunity has implications in the use of oil adjuvants in human and veterinary vaccines as well as basic research.”
Squalene Linked to Rheumatoid Arthritis
Similarly, a 2000 study26 published in the American Journal of Pathology demonstrated a single injection of squalene into rats triggered “chronic, immune-mediated joint-specific inflammation,” i.e. rheumatoid arthritis. The researchers concluded their findings raise questions about the role of adjuvants in chronic inflammatory diseases.
The arthritogenicity of hydrocarbon oils is associated with their adjuvant properties with implications to not only arthritis research but also other diseases and medical applications such as vaccines in which oil adjuvants are involved. ~ Scientific Reports 2017
A more recent study,27 published in 2017, also reported that hydrocarbon oils such as squalene induce and enhance arthritis in genetically susceptible rats. Injecting hydrocarbon oil adjuvants also resulted in:
The activation, proliferation and elevated expression of Th1 and Th17 cytokines by T cells “which correlate with the arthritogenicity of the T cells”
Increased production of autoantibodies against cartilage joint specific, type II collagen epitopes
According to the authors: Power & Market: Govern... Murray Rothbard Best Price: $22.33 Buy New $14.00 (as of 09:15 UTC - Details)
“This study shows the arthritogenicity of hydrocarbon oils is associated with their adjuvant properties with implications to not only arthritis research but also other diseases and medical applications such as vaccines in which oil adjuvants are involved …
Within 1 hour after injection, the injected adjuvants spread rapidly and reached different organs with high selectivity for lymph nodes and rather few oil droplets were distributed to joints.
At the lymph nodes, oil adjuvants lead to both local and systemic reaction including hyperplasia and an increased level of acute phase protein such as α1-acid glycoprotein (AGP) in the blood … We showed that … T cells in vivo primed with … adjuvants such as hexadecane and squalene can also transfer arthritis.”
Your Genetic Profile May Predispose You to Squalene Damage
The authors of that 2017 study28 also address the issue of squalene adjuvants in vaccines, specifically, noting the use of vaccine adjuvants has been “associated with the elevated production of cytokines such as IFN-γ and IL-17.”
The challenge vaccine makers face is to maximize immunogenicity (the ability to provoke an immune response) while minimizing reactogenicity (the unwanted property of creating adverse reactions, especially immunological responses) “and the risk of developing any ‘adjuvant-induced’ autoimmune or chronic degenerative disorders, such as narcolepsy or Gulf War syndrome,” the researchers note. They also point out that:
“It is known that oil adjuvants induce tissue damage and cell death at the injection site leading to the production of damage-associated-molecular patterns (DAMPs) and inflammasome activation. Here we demonstrated that different adjuvants exert different extent of boosting effect on antigen-specific recall response and antibody production.
The fact that adjuvants induce arthritis only in genetically susceptible strains and autoimmune disorders occurring only in genetically susceptible individuals shows adjuvant induction of autoimmune diseases is partly determined by genetic factors.
In future, it will be beneficial to investigate if these genetic factors, some of which have been identified by animal studies in our group, also determine whether particular individuals with certain genetic profiles carry a higher risk of developing any adverse reactions upon adjuvant-based vaccination.”
Returning to where we started, with the issue of half a million sharks being culled for their liver oil now that several COVID-19 vaccine candidates are using squalene adjuvant, let’s hope an alternative is made available to prevent this massacre.
However, let’s not confuse this with the notion that botanical squalene might be safer. While it would be noble to safeguard our shark stocks, switching to a botanical source of squalene adjuvant is unlikely to result in a safer vaccine.
Bottom Line
Despite the mainstream narrative that the vaccine will save us from devastation, nothing could be further from the truth. The purpose of a vaccine is to catalyze your immune system to produce a protective response. The problem with the Warp Speed produced vaccine, with virtually all the safety stops removed, is that the risks far outweigh any benefits.
This is particularly true in light of the many well researched ways to improve immune function by improving your metabolic health using simple strategies like time-restricted eating and avoiding all industrially processed seed oils, both of which will decrease insulin resistance and upregulate your immune response.
Vitamin D is another powerful synergistic therapy that will reduce your risk for COVID-19 far greater than any unproven vaccine that is a ticking time bomb with its squalene adjuvant and accelerated production schedule that eliminates years of important safety testing.
Sources and References
The Best of Dr. Joseph Mercola


Addictus Stimulitus

It ’ s hard to say who is loonier – the guy in the White House East Wing hopped up on steroids or the Wall Street robo-machines and Robin Hooders who slobber incontinently upon the slightest hint of another “ stimulus ” injection .
Either way , exactly seven hours after he implanted a tiny quotient of sanity into Washington ’ s fiscal madhouse yesterday afternoon by terminating talks on Everything Bailout 5.0 , the Donald proved once again that he is a clear and present danger to the nation ’ s solvency and that Wall Street is flat-out disease-ridden @ @ @ @ @ @ @ , the airlines don ’ t deserve nor need a bailout , while the idea of handing out another $ 135 billion of walking around money to small businesses who might otherwise lay-off redundant employees is just plain ludicrous .
Theory of Money and Cr ... Ludwig von Mises Best Price : $ 2.46 Buy New $ 8.54 Of course , the Donald doesn ’ t have a clue about the fact that the future taxpayers , who would bear the burden of servicing another $ 160 billion of public debt incurred for @ @ @ @ @ @ @ mules to be drafted in behalf of his re-election campaign .
That ’ s perhaps why 30 minutes latter he upped the ante by another $ 300 billion , promising to instantly mail a check for $ 1,200 ( adorned by his signature ) from Uncle Sam ’ s depleted treasury to 160 million Americans ( plus a $ 500 tip for their kids ) , the overwhelming share of whom didn ’ t lose their jobs and don ’ t need the money .
Alas , this is the fiscal madness which @ @ @ @ @ @ @ So it literally scrambles one ’ s brain to contemplate what depredations the Kamala Harris/Left Progressive Regency might unleash if , as and when it landslides into office .
The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support , & 135 Billion Dollars for Paycheck Protection Program for Small Business .
Both of these will be fully paid for with unused funds from the Cares Act .
Have this money .
I will sign now !
9:54 PM · Oct 6 , 2020·Twitter for iPhone If I am @ @ @ @ @ @ @ Checks ( $ 1,200 ) , they will go out to our great people IMMEDIATELY .
I am ready to sign right now .
Are you listening Nancy ?
10:18 PM · Oct 6 , 2020·Twitter for iPhone Needless to say , the above nonsense from the Donald ’ s twitter feed is all it took .
In a flash , the pajama traders ’ brigade was sprinting toward recovery of all the ground lost in the last hour of cash trading on Tuesday .
So doing , they reminded one and all @ @ @ @ @ @ @ doom loop in which the politicians spend and borrow at will ; the Fed monetizes the resulting tsunami of debt paper with alacrity ; and the swells on Wall Street reward both sets of economic fools with paroxysms of mindless dip buying .
At this point we would ordinarily mention this won ’ t end well .
But by now that surely goes without saying .
Still , it is worth amplifying the nature of addictus stimulitis because it is so deeply and stubbornly embedded in the mindset at both ends of the @ @ @ @ @ @ @ impossible to imagine a cure that leaves the patient in tact .
For want of doubt , just consider the recent proclamation of one Andrew Sheets , Morgan Stanley ’ s chief of cross-asset strategy : The Triumph of Politic ... David A. Stockman Best Price : $ 0.59 Buy New $ 12.32 “ The glass half-full view of stimulus talks is if you don ’ t get it today you ’ ll get it tomorrow from whomever wins the election , ” Sheets said in an interview .
“ This V-shaped recovery @ @ @ @ @ @ @ right .
There is now virtually no adverse economic condition , shock or even mild disturbance that does not generate a Wall Street/Washington consensus in favor or moaaar stimulus owing to five major presumptions : • It is assumed that unlimited monetization is sustainable and cost-free ; • It is assumed that soaring public debt is no problem so long as interest rates are ultra-low ; • It is assumed that Potential GDP is a real , measurable tangible thing and that any shortfall in actual GDP can and should be eliminated via @ @ @ @ @ @ @ It is assumed that “ moral hazard ” is old fashioned bogeyman of the fuddy-duddy set that should not interfere with purposeful pursuit of “ no fault ” macroeconomic stimulus ; • It is assumed that economic stimulus and humanitarian social safety nets are part and parcel of the same thing and that bailing out reckless companies in order to help needy workers goes with the territory .
These baleful presumptions are now a bipartisan consensus , and it doesn ’ t take too much cogitation to see that taken together they form @ @ @ @ @ @ @ , the more the Fed monetizes the public debt with fraudulent credits snatched from thin air , the greater the inflation of financial assets on Wall Street .
In turn , that powerfully incentivizes stock-options obsessed corporate C-suites to forgo productive investment on main street in favor of financial engineering schemes like stock buybacks and overpriced M & A deals which pump corporate resources into Wall Street , thereby steadily dragging down the growth rate of GDP and laying the planking for still more “ stimulus ” .
Likewise , when politicians face @ @ @ @ @ @ @ debt , they are not loathe to mandate the transfer of societal credit resources to wasteful public expenditures and the subsidization of all manner of reckless and imprudent private financial behaviors .
In turn , extensive mis-allocation of credit and private cash flows and widespread incidence of moral hazard undermines economic efficiency and growth rates , eliciting still more excuses for “ stimulus ” .
These kinds of perverse interactions are surely evident in the Donald ’ s Tuesday evening tweet in favor of $ 25 billion for another airline bailout .
Talk @ @ @ @ @ @ @ run the US Big Four airlines fairly reek of it as we showed recently : During the last six years they managed to spend $ 51 billion on stock buybacks and dividends when they only had $ 37 trillion of free cash flow to fund these Wall Street pleasing distributions .
But the fact that they piled up their debts from $ 22 billion to $ 66 billion during that same six year period to keep the ponzi going was really only the half of it .
The US airline industry utilizes well @ @ @ @ @ @ @ airliners and airport facilities , but the overwhelming share of that massive asset base is accessed via so-called “ operating leases ” , the funding for which does not show up as balance sheet debt .
That is to say , cheap debt has fueled the growth of a massive third-party aircraft leasing industry , thereby permitting the airlines to spend current cash flows and balance sheet capacity on financial engineering , rather than the accumulation of debt free assets that could be utilized for collateralized borrowings in exactly the kind of exigent @ @ @ @ @ @ @ they have hocked nearly everything that moves or stands still in their far-flung operations , the airlines lamely claim to have no choice except to attempt to blackmail Washington by threatening to throw 50,000 employees under the Airbuses , so to speak .
But as morally repugnant as these maneuvers self-evidently are , the currently threatened massive layoffs only expose still another layer of moral hazard extant in the industry .
To wit , virtually every single airline pilot , flight attendant , mechanic , baggage handler etc .
is represented by a @ @ @ @ @ @ @ on which most of their dues are dissipated by union officialdom , one thing the latter have accomplished is to insure that every airline employee is eligible for the state UI programs .
Now that ’ s exceedingly relevant at this moment because the average annual earnings for the above four classes of airline employees puts them among the aristocracy of hourly wage earners : That puts virtually all of the ballyhooed airline employees at the top of the scale for UI benefits in most states , which benefits range between $ 400 @ @ @ @ @ @ @ least 26 weeks .
What that means , of course , is that notwithstanding the braying of industry executives and Washington politician alike , these furloughed employees are not about to be thrown into the streets empty-handed ; they are actually entitled to the ample job loss insurance benefits that are built into the long-standing social safety net .
Human Action : The Scho ... Ludwig von Mises Best Price : $ 6.75 Buy New $ 15.36 Yes , $ 400 to $ 700 per week is no princely sum , but periodic @ @ @ @ @ @ @ bankruptcy , disruptive technology change , alternative product substitution etc .
are an unavoidable and essential feature of prosperous free market capitalism .
The state can not and should not insure laid off-workers for 100 % of their previous wage ; and even more crucially , it should not dissuade them from building up cash reserves and rainy day funds to augment the state ’ s modest UI support payments .
Self-evidently , zero interest rates and no-fault bailouts do exactly that : They encourage hand-to-mouth financial lifestyles , which leave workers high @ @ @ @ @ @ @ loss of paychecks and turn them into pawns to be exploited by unscrupulous C-suites and votes to be bid for by the likes of Nancy and the Donald .
Still , to hear the gnashing of teeth and wailing in Washington today you would think it is still 1890 and that 50,000 airline workers are about ready to become regulars at the Salvation Army soup kitchens .
That is , in the name of economic stimulus , the pols and the corporate C-suites pretend the UI safety net doesn ’ t even exist @ @ @ @ @ @ @ wage economy are not getting a level of humanitarian aid that is in the top tier of the labor market .
As for the airline companies , we ’ d say they know full well the route to the chapter 11 courthouses .
Most have already visited such venues , sometimes more than once , and did so while keeping operations going and planes in the air under the supervision of the courts .
To be sure , the proper chapter 11 disposition of these four financial basket cases – Delta , American @ @ @ @ @ @ @ in stock prices of zero and the evaporation of billions of stock option values accumulated by the C-suites .
And that would not merely amount to condign justice ; it ’ s also exactly what the rules of productive capitalism actually require .
Needless to say , there is hardly a corporals ’ guard left in the GOP which comprehends this and has a decent regard for the rules of free market prosperity , while the ranks of such economic enlightenment disappeared from the Government Party ( Dems ) decades ago .
In @ @ @ @ @ @ @ D-Wisconsin ) was surely the last of the anti-bailout Mohicans , save for Ralph Nader who quite the party in disgust , anyway .
Moreover , the current favorite “ this time is different ” excuse – that Dr. Fauci made us do it – doesn ’ t wash either .
If the airlines are being harmed by Fauci and his malpracticing doctors owing to the lockdowns and Covid-Hysteria at loose in the land , they are welcome to lobby for re-opening the economy with all the might they can assemble on K-street @ @ @ @ @ @ @ public that the overwhelming share of Americans can travel safely without risk of being felled by the Covid .
In fact , there is a potential market of 210 million American ’ s under the age of 50 years , who have Covid survival rates ranging between 99.9997 % and 99.98 % , should they become infected with the virus .
In so informing their potential customers , the airlines might even be so bold as to remind them that this infinitesimal Covid risk is only a teeny-tiny smidgen higher than the risk @ @ @ @ @ @ @ the first place !
Stated differently , the obligation of the airlines in the face of the Virus Patrol madness is to join the fight against the regulators , not demand indemnification from future taxpayers , born and unborn .
Indeed , that same principle is even more salient with respect to the so-called small business PPP ( paycheck protection program ) .
The latter has already indiscriminately and capriciously dispensed $ 525 billion to more than 5 million small businesses , and the Donald ’ s promise of a quick $ 135 @ @ @ @ @ @ @ wicked .
Peak Trump : The Undrai ... David A. Stockman Best Price : $ 12.72 Buy New $ 43.07 Again , it ’ s not about their workers .
The overwhelming share were eligible for the state UI programs already ; and , as we indicated in Part 1 , for perhaps $ 100 billion or less , the so-called contract , gig and part-time workers not typically covered by regular state UI programs could have been funded under the temporary Federal program .
But what has happened now is that the @ @ @ @ @ @ @ support for free markets , small government and fiscal rectitude have been turned into sniveling supplicants of the Bailout State .
Indeed , ordinarily the small business lobbies would be screaming to high heaven about their impending doom owning to the regulatory fiats and customer base impairments brought on by the Virus Patrol ; they ’ d literally be demanding Dr. Fauci ’ s head , just as they did back in the day when the OSHA bureaucrats were riding roughshod across the land .
But politically , they have apparently been bought @ @ @ @ @ @ @ of walking around money .
After all , the nationwide high-frequency data provided by the Opportunity Insights Economic Tracker shows that nearly 25 % of small businesses in operation last January have still not re-opened and there has been little improvement in the trend since July 4th .
Yet what can be heard in the corridors of Washington is little more than the silence of the lambs .
The overwhelming share of small business America has been bought off by the PPP and has joined the ranks of coast-to-coast supplicants who are marching @ @ @ @ @ @ @ demise .
Meanwhile , all these trillions of Everything Bailout monies have not repaired what actually ails the American economy : Namely , a government ordered supply-side contraction which caused total labor hours employed in September to remain 6.5 % below year ago levels .
The Anti-Capitalistic ... Mises , Ludwig von Best Price : $ 5.00 Buy New $ 3.95 Needless to say , that is the handiwork of Dr. Fauci and the Virus Patrol , not a faltering of that invisible Keynesian ether called “ aggregate demand ” .
Perhaps better @ @ @ @ @ @ @ is speaking loudly : Cause production to be reduced or shutdown , and , yes , incomes and spending will fall .
But the cure is also self-evident and would commence the very minute the Virus Patrol is put out of business and the CDC is returned to its proper function .
That is , of educating the public on how they can strengthen their own immune systems and take precautionary steps to minimize the health risks posed by this super-flu – rather than officiously pretending to stop the spread of a contagious @ @ @ @ @ @ @ to the intimately social nature of human society .
Beyond that , the loss of GDP which has already occurred and which will linger for months and years even if the economy is reopened with alacrity can not be recaptured by “ stimulus ” in this case or in any other spell of alleged shortfall from the purported Potential GDP .
The whole notion , in fact , is a dangerous chimera , as we will further amplify in my next article .
The Best of David Stockman

It’s hard to say who is loonier – the guy in the White House East Wing hopped up on steroids or the Wall Street robo-machines and Robin Hooders who slobber incontinently upon the slightest hint of another “stimulus” injection.
Either way, exactly seven hours after he implanted a tiny quotient of sanity into Washington’s fiscal madhouse yesterday afternoon by terminating talks on Everything Bailout 5.0, the Donald proved once again that he is a clear and present danger to the nation’s solvency and that Wall Street is flat-out disease-ridden with addictus stimulitis.
The fact is, the airlines don’t deserve nor need a bailout, while the idea of handing out another $135 billion of walking around money to small businesses who might otherwise lay-off redundant employees is just plain ludicrous. Theory of Money and Cr... Ludwig von Mises Best Price: $2.46 Buy New $8.54 (as of 06:40 UTC - Details)
Of course, the Donald doesn’t have a clue about the fact that the future taxpayers, who would bear the burden of servicing another $160 billion of public debt incurred for these two illicit purposes, are not mules to be drafted in behalf of his re-election campaign. That’s perhaps why 30 minutes latter he upped the ante by another $300 billion, promising to instantly mail a check for $1,200 (adorned by his signature) from Uncle Sam’s depleted treasury to 160 million Americans (plus a $500 tip for their kids), the overwhelming share of whom didn’t lose their jobs and don’t need the money.
Alas, this is the fiscal madness which today passes for conservative Republican government. So it literally scrambles one’s brain to contemplate what depredations the Kamala Harris/Left Progressive Regency might unleash if, as and when it landslides into office.
The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!
9:54 PM · Oct 6, 2020·Twitter for iPhone
If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?
10:18 PM · Oct 6, 2020·Twitter for iPhone
Needless to say, the above nonsense from the Donald’s twitter feed is all it took. In a flash, the pajama traders’ brigade was sprinting toward recovery of all the ground lost in the last hour of cash trading on Tuesday.
So doing, they reminded one and all that we truly are enmeshed in a doom loop in which the politicians spend and borrow at will; the Fed monetizes the resulting tsunami of debt paper with alacrity; and the swells on Wall Street reward both sets of economic fools with paroxysms of mindless dip buying.
At this point we would ordinarily mention this won’t end well. But by now that surely goes without saying.
Still, it is worth amplifying the nature of addictus stimulitis because it is so deeply and stubbornly embedded in the mindset at both ends of the Acela Corridor that it is well nigh impossible to imagine a cure that leaves the patient in tact. For want of doubt, just consider the recent proclamation of one Andrew Sheets, Morgan Stanley’s chief of cross-asset gambling strategy: The Triumph of Politic... David A. Stockman Best Price: $0.59 Buy New $12.32 (as of 06:59 UTC - Details)
“The glass half-full view of stimulus talks is if you don’t get it today you’ll get it tomorrow from whomever wins the election,” Sheets said in an interview. “This V-shaped recovery is still intact.”
He got that right. There is now virtually no adverse economic condition, shock or even mild disturbance that does not generate a Wall Street/Washington consensus in favor or moaaar stimulus owing to five major presumptions:
It is assumed that unlimited monetization is sustainable and cost-free;
It is assumed that soaring public debt is no problem so long as interest rates are ultra-low;
It is assumed that Potential GDP is a real, measurable tangible thing and that any shortfall in actual GDP can and should be eliminated via aggressive monetary and fiscal stimulus;
It is assumed that “moral hazard” is old fashioned bogeyman of the fuddy-duddy set that should not interfere with purposeful pursuit of “no fault” macroeconomic stimulus;
It is assumed that economic stimulus and humanitarian social safety nets are part and parcel of the same thing and that bailing out reckless companies in order to help needy workers goes with the territory.
These baleful presumptions are now a bipartisan consensus, and it doesn’t take too much cogitation to see that taken together they form a self-fueling doom loop.
For instance, the more the Fed monetizes the public debt with fraudulent credits snatched from thin air, the greater the inflation of financial assets on Wall Street. In turn, that powerfully incentivizes stock-options obsessed corporate C-suites to forgo productive investment on main street in favor of financial engineering schemes like stock buybacks and overpriced M&A deals which pump corporate resources into Wall Street, thereby steadily dragging down the growth rate of GDP and laying the planking for still more “stimulus”.
Likewise, when politicians face no interest cost penalty on rising public debt, they are not loathe to mandate the transfer of societal credit resources to wasteful public expenditures and the subsidization of all manner of reckless and imprudent private financial behaviors. In turn, extensive mis-allocation of credit and private cash flows and widespread incidence of moral hazard undermines economic efficiency and growth rates, eliciting still more excuses for “stimulus”.
These kinds of perverse interactions are surely evident in the Donald’s Tuesday evening tweet in favor of $25 billion for another airline bailout.
Talk about moral hazard! The numbskulls who run the US Big Four airlines fairly reek of it as we showed recently: During the last six years they managed to spend $51 billion on stock buybacks and dividends when they only had $37 trillion of free cash flow to fund these Wall Street pleasing distributions.
But the fact that they piled up their debts from $22 billion to $66 billion during that same six year period to keep the ponzi going was really only the half of it. The US airline industry utilizes well more than $1.5 trillion of jet airliners and airport facilities, but the overwhelming share of that massive asset base is accessed via so-called “operating leases”, the funding for which does not show up as balance sheet debt.
That is to say, cheap debt has fueled the growth of a massive third-party aircraft leasing industry, thereby permitting the airlines to spend current cash flows and balance sheet capacity on financial engineering, rather than the accumulation of debt free assets that could be utilized for collateralized borrowings in exactly the kind of exigent circumstances currently extant.
So now that they have hocked nearly everything that moves or stands still in their far-flung operations, the airlines lamely claim to have no choice except to attempt to blackmail Washington by threatening to throw 50,000 employees under the Airbuses, so to speak.
But as morally repugnant as these maneuvers self-evidently are, the currently threatened massive layoffs only expose still another layer of moral hazard extant in the industry. To wit, virtually every single airline pilot, flight attendant, mechanic, baggage handler etc. is represented by a union. And despite the untoward purposes on which most of their dues are dissipated by union officialdom, one thing the latter have accomplished is to insure that every airline employee is eligible for the state UI programs.
Now that’s exceedingly relevant at this moment because the average annual earnings for the above four classes of airline employees puts them among the aristocracy of hourly wage earners:
Pilots: $150,000;
Mechanics: $75,000;
Flight attendants: $50,000;
Baggage handlers: $40,000
That puts virtually all of the ballyhooed airline employees at the top of the scale for UI benefits in most states, which benefits range between $400 and $700 per week for at least 26 weeks. What that means, of course, is that notwithstanding the braying of industry executives and Washington politician alike, these furloughed employees are not about to be thrown into the streets empty-handed; they are actually entitled to the ample job loss insurance benefits that are built into the long-standing social safety net. Human Action: The Scho... Ludwig von Mises Best Price: $6.75 Buy New $15.36 (as of 05:45 UTC - Details)
Yes, $400 to $700 per week is no princely sum, but periodic job losses due to recession, employer bankruptcy, disruptive technology change, alternative product substitution etc. are an unavoidable and essential feature of prosperous free market capitalism. The state cannot and should not insure laid off-workers for 100% of their previous wage; and even more crucially, it should not dissuade them from building up cash reserves and rainy day funds to augment the state’s modest UI support payments.
Self-evidently, zero interest rates and no-fault bailouts do exactly that: They encourage hand-to-mouth financial lifestyles, which leave workers high and dry in the event of unforeseen loss of paychecks and turn them into pawns to be exploited by unscrupulous C-suites and votes to be bid for by the likes of Nancy and the Donald.
Still, to hear the gnashing of teeth and wailing in Washington today you would think it is still 1890 and that 50,000 airline workers are about ready to become regulars at the Salvation Army soup kitchens. That is, in the name of economic stimulus, the pols and the corporate C-suites pretend the UI safety net doesn’t even exist, and that these aristocrats of the wage economy are not getting a level of humanitarian aid that is in the top tier of the labor market.
As for the airline companies, we’d say they know full well the route to the chapter 11 courthouses. Most have already visited such venues, sometimes more than once, and did so while keeping operations going and planes in the air under the supervision of the courts.
To be sure, the proper chapter 11 disposition of these four financial basket cases – Delta, American, United and Southwest – would result in stock prices of zero and the evaporation of billions of stock option values accumulated by the C-suites. And that would not merely amount to condign justice; it’s also exactly what the rules of productive capitalism actually require.
Needless to say, there is hardly a corporals’ guard left in the GOP which comprehends this and has a decent regard for the rules of free market prosperity, while the ranks of such economic enlightenment disappeared from the Government Party (Dems) decades ago. In that regard, Senator William Proxmire (D-Wisconsin) was surely the last of the anti-bailout Mohicans, save for Ralph Nader who quite the party in disgust, anyway.
Moreover, the current favorite “this time is different” excuse – that Dr. Fauci made us do it – doesn’t wash either. If the airlines are being harmed by Fauci and his malpracticing doctors owing to the lockdowns and Covid-Hysteria at loose in the land, they are welcome to lobby for re-opening the economy with all the might they can assemble on K-street, and to spend money assuring the public that the overwhelming share of Americans can travel safely without risk of being felled by the Covid.
In fact, there is a potential market of 210 million American’s under the age of 50 years, who have Covid survival rates ranging between 99.9997% and 99.98%, should they become infected with the virus. In so informing their potential customers, the airlines might even be so bold as to remind them that this infinitesimal Covid risk is only a teeny-tiny smidgen higher than the risk of dying in a plane crash in the first place!
Stated differently, the obligation of the airlines in the face of the Virus Patrol madness is to join the fight against the regulators, not demand indemnification from future taxpayers, born and unborn.
Indeed, that same principle is even more salient with respect to the so-called small business PPP (paycheck protection program). The latter has already indiscriminately and capriciously dispensed $525 billion to more than 5 million small businesses, and the Donald’s promise of a quick $135 billion booster shot is all the more wicked. Peak Trump: The Undrai... David A. Stockman Best Price: $12.72 Buy New $43.07 (as of 11:40 UTC - Details)
Again, it’s not about their workers. The overwhelming share were eligible for the state UI programs already; and, as we indicated in Part 1, for perhaps $100 billion or less, the so-called contract, gig and part-time workers not typically covered by regular state UI programs could have been funded under the temporary Federal program.
But what has happened now is that the once and former shocks troops of political support for free markets, small government and fiscal rectitude have been turned into sniveling supplicants of the Bailout State.
Indeed, ordinarily the small business lobbies would be screaming to high heaven about their impending doom owning to the regulatory fiats and customer base impairments brought on by the Virus Patrol; they’d literally be demanding Dr. Fauci’s head, just as they did back in the day when the OSHA bureaucrats were riding roughshod across the land.
But politically, they have apparently been bought off by the aforementioned one-half trillion dollars of walking around money. After all, the nationwide high-frequency data provided by the Opportunity Insights Economic Tracker shows that nearly 25% of small businesses in operation last January have still not re-opened and there has been little improvement in the trend since July 4th.
Yet what can be heard in the corridors of Washington is little more than the silence of the lambs. The overwhelming share of small business America has been bought off by the PPP and has joined the ranks of coast-to-coast supplicants who are marching resolutely toward the nation’s fiscal demise.
Meanwhile, all these trillions of Everything Bailout monies have not repaired what actually ails the American economy: Namely, a government ordered supply-side contraction which caused total labor hours employed in September to remain 6.5% below year ago levels. The Anti-Capitalistic ... Mises, Ludwig von Best Price: $5.00 Buy New $3.95 (as of 04:45 UTC - Details)
Needless to say, that is the handiwork of Dr. Fauci and the Virus Patrol, not a faltering of that invisible Keynesian ether called “aggregate demand”. Perhaps better than ever before Say’s Law is speaking loudly: Cause production to be reduced or shutdown, and, yes, incomes and spending will fall.
But the cure is also self-evident and would commence the very minute the Virus Patrol is put out of business and the CDC is returned to its proper function. That is, of educating the public on how they can strengthen their own immune systems and take precautionary steps to minimize the health risks posed by this super-flu – rather than officiously pretending to stop the spread of a contagious virus than cannot be contained owing to the intimately social nature of human society.
Beyond that, the loss of GDP which has already occurred and which will linger for months and years even if the economy is reopened with alacrity cannot be recaptured by “stimulus” in this case or in any other spell of alleged shortfall from the purported Potential GDP.
The whole notion, in fact, is a dangerous chimera, as we will further amplify in my next article.
PEAK TRUMP, IMPENDING CRISES, ESSENTIAL INFO & ACTION
Reprinted with permission from David Stockman’s Contra Corner.
The Best of David Stockman


lewrockwell--2020-10-09--Buy Gold And Silver Coins Instead of Lottery Tickets and Turn the Tables on the Bankers

Originally posted as a 62-page report at THEBURNINGPLATFROM.com by “ ICE-9 ” I recently learned more about something that happened 149 years ago and it has everything to do with what our country is facing today .
For 149 years Americans have been living within a great hypothecation , that is , a collateralization .
The entire United States was offered up as an asset to pay off debts incurred after the Civil War in case the US was not able to pay back its lenders .
The U.S. citizenry has not “ owned ” its own country since then @ @ @ @ @ @ @ of 1871 incorporated and privatized THE UNITED STATES when the country was bankrupt due to its insurmountable Civil War debts .
It was at that time that the United States was switched from a country “ for the people ” to a country “ of the people.
” The new owners of the U.S. have never been revealed .
They likely are bankers .
Buy Gold and Silver Sa ... Eberhardt , Doug Best Price : $ 12.99 Buy New $ 12.95 A dual Constitution was established at that time , without ratification @ @ @ @ @ @ @ true ownership of the United States has remained unstated .
“ We the people ” do not own our own country .
I ’ m reading all this from an author who goes by the pen name “ ICE-9 ” who posted this at THE BURNING PLATFORM dot com in a mostrous 62-page ( 20,000 word ) report entitled FINANCIALIZATION AND THE ROAD TO ZERO that I ’ ve shortened to ~2000 words To help understand collateralization , the following example is provided .
It was recently reported that California cities are collateralizing @ @ @ @ @ @ @ they can borrow funds to meet their obligations for employee pension plans .
The city streets are leased to a financing authority which will pay the city up-front money and “ rent ” the streets back to the city for 25 years in order pay off the bonds .
This could result in residents of these cities having to pay user fees to drive on city streets .
This is a way of getting around bonds that require voter approval .
Collateralization is nothing new .
ICE-9 writes that public civil infrastructure at @ @ @ @ @ @ @ corporations , passenger rail services , storm drain networks , hospitals , sewage plants , highways , government buildings , have been sold off at cents on the dollar and turned into quasi-bond issues that are paid for my public use fees .
Our nation has been “ strip mined ” by bankers .
ICE-9 says every conceivable thing of any perceivable value has been commoditized , collateralized , leveraged , re-hypothecated and securitized .
There is nothing left to hypothecate .
And government must collateralize .
Pension plans are about 30 % @ @ @ @ @ @ @ have over $ 6 trillion in unfunded pension liabilities and another $ 13.9 trillion in unfunded Social Security obligations over the next 75 years .
Four ages of the U.S. economy : mercantilism , capitalism , financialism , globalism .
The Last Gold Rushu202 ... Haynes , Bill Buy New $ 28.00 ICE-9 teaches the U.S. has passed through four financial eras : the age of MERCANTILISM , an economic theory that foreign trade generates wealth as cheap goods go through a value-added process as they are sold from importer to distributor to @ @ @ @ @ @ @ ; to an era of CAPITALISM where private owners of trade and industry profiteer rather than the state ; to an era of FINANCIALIZATION where profits are earned mostly by financial institutions and very wealthy oligarchs who pass papers ( credit default swaps , stock buy backs , futures and equities/stocks ) between each other to accumulate profits without any real productivity ; to the current INFORMATION ERA where nothing is created and only the information creators control the portals of profitability .
ICE-9 writes that the “ illusion of prosperity ” is @ @ @ @ @ @ @ increases and we reach a point where people experience starvation .
This happened in London in 1815 .
The entire investment economy is dependent upon ever increasing inflation driven by ever-increasing Federal debt sales .
Yes , the U.S. also creates money out of debt .
Our foreign trading partners end up with U.S. dollars and America ends up with their products ( shoes , cars , cameras , etc. )
.
Those U.S. dollars need to return to the U.S. so we can buy more foreign goods .
So , the U.S. @ @ @ @ @ @ @ for the money + 2 % interest .
So much of our paper money – – a ten-dollar bill , let ’ s say – – is a promise to pay back China or Japan + 2 % interest .
A ten-dollar bill really represents minus-ten dollars + 2 % interest .
Debt-based money .
Americans also owe nearly $ 1 trillion in credit card debt .
So , we have even sold off our future income .
Americans are saving and their wealth is being diminished Americans have stashed ~ $ 9 @ @ @ @ @ @ @ crisis has resulted in Americans depositing ~ $ 2 trillion in bank accounts .
In an economy that is 70 % consumer goods , savings and paying down credit card debts result in a sour economy .
Stack Silver Get Gold : ... Hunter Riley III Best Price : $ 13.44 Buy New $ 1.99 What is good about savings is that Americans are not spending and therefore , the full brunt of inflation isn ’ t being experienced .
Otherwise the trillions of dollars of COVID-19 bailout money would result in run-away @ @ @ @ @ @ @ estimates the real rate of inflation is ~4-6 % .
The illusion of wealth is created by the fact we have the same dollar amount in the bank but it can purchase less goods and services over time .
Interest on banked money is less than 1 % .
So , Americans are losing ~ $ 450 billion a year in the purchasing power of their banked money .
Mindless bank depositors have nowhere else to park their money outside of buying precious metals .
If they knew they are getting fleeced there @ @ @ @ @ @ @ put good money into Social Security in their working years and get back devalued money back to live off of in their pension checks decades later .
I once calculated the average Social Security check in 1980 was ~ $ 321 and today it is ~ $ 1503 .
But calculated for inflation ( ShadowStats.com inflation calculator ) , it should be ~ $ 6741/month !
ICE-9 says : “ Federal debt issuance ( printing money ) could theoretically go on indefinitely and fund Wars , Waste , Wall Street , and Welfare @ @ @ @ @ @ @ nothing of true value.
” But wages would have to rise , and that isn ’ t happening .
Today ’ s real average wage has about the same purchasing power it did 40 years ago .
Even our debt is sold What happens when foreign trading partners refuse to buy U.S. debt notes , which actually happened at the start of 2014 ?
ICE-9 says not buying US Treasury Notes is in effect a declaration of war .
Japan and China , each holding over $ 1 trillion of US IOUs ( @ @ @ @ @ @ @ may never be paid back .
That is why , since 2019 , the Federal Reserve System has been frantically buying up its own debt to save the Wars , Waste , Wall Street and Welfare , says ICE-9 .
How does a country offer IOUs ( U.S. Treasury Notes ) and then buy them back with its own phony paper money ?
The common man should be praying for deflation .
In a deflationary period , goods and services cost less .
But then Wall Street will fail .
It ’ s @ @ @ @ @ @ @ crash , but OK for the little guy to be forced into bankruptcy .
Egg Spice Jar , 2 PCS S ... Buy New $ 12.99 When the Federal Reserve bank sets the target inflation rate at 2.0 % it is aiding the wealthy .
As stated above , the actual inflation rate is much higher .
Assets ( property ) rise in value in an inflationary period .
ICE-9 says deflation can grind the financialized economy to a halt as its entire workings are dependent upon inflation that drives an increasing national @ @ @ @ @ @ @ barrage of US Treasury bills are issued that drives the inflation .
But with deflation US Treasury bill issuance stops , the aggregate national asset “ value ” shrinks , which means no more Wars , Waste , Wall Street , or Welfare .
Inflation is the secret ingredient that makes the wealthy rich ICE-9 writes that inflation is the secret ingredient that drives asset prices ever higher and makes the wealthy asset holders even wealthier .
“ But the cost of inflation is borne primarily by those who do not hold assets @ @ @ @ @ @ @ on the other hand , although “ the bringer of immediate economic carnage to a financialized economy , is over the long term the ultimate re-distributor , the bringer of equity and equilibrium , and the destroyer of the wealthy.
” So , “ financialization is , by design , socialism for the rich , says ICE-9 , and deflation is thus the unwinding of this socialism.
” So , ICE-9 says when private economic endeavors are squashed through regulation or competition between corporate entities and the majority of the national citizenry are @ @ @ @ @ @ @ end , growth will cease , and real economic activity will grind to a halt .
When we hear talk of guaranteed income , of doling out free COVID-19 bailout money , when we hear of Medicare For All , then we have reached zero .
Gross Domestic Product then becomes a measure of welfare , not productivity .
You may be voting for your own demise What has become the Democrat Party stock-in-trade , buying votes by giving away monopoly game money , is the end of the road .
Lights out @ @ @ @ @ @ @ to relatives of the slave trade in the 1800s , $ 14 trillion of reparations .
But the wealth the slave owners made was really debt we ’ ve been paying back ever since the Civil War .
The United States went into deep debt to abolish slavery and had to sell off its soul to do it .
The U.S. can ’ t figure out how to pay its current and ongoing pension obligations let alone a penalty for slavery practiced over 150 years ago .
The Social Security and Medicare Trust @ @ @ @ @ @ @ U.S. Treasury Notes ) .
Where would that $ 14 trillions in reparations come from ?
I guess just $ 14 trillion of worthless paper money printing , with concurrent inflation .
Kind of like shooting oneself in the foot .
So few American voters even know where money comes from .
Vote for more money printing and the global digital currency and see more Americans enter the poorhouse .
Coins and paper money are now being withdrawn from supply .
Banks are closing branches under the guise tellers are fearful of COVID-19 @ @ @ @ @ @ @ .
Americans are going to be coerced into accepting digital money , while the very wealthy hold all the assets .
Guide To Investing in ... Maloney , Michael Best Price : $ 5.98 Buy New $ 11.69 Buy gold and silver instead of lottery tickets Says ICE-9 : “ The holders of accumulated fiat paper money , they discovered how to transfer the bulk of a society ’ s real wealth – land , gold , labor , and raw materials – into their own possession for free , using this fiat @ @ @ @ @ @ @ things having real inherent value.
” The rich have their stock market , the poor invest in lottery tickets .
On a per capita basis Americans purchase ~ $ 1000/year in lottery tickets – over $ 73 billion total .
If the poor invested that $ 1000 in gold or silver ( real assets ) instead of the lottery it would be turning the tables on this whole game that only enriches the rich .
Can you imagine a politician running for office , not by making false promises of handing out paper @ @ @ @ @ @ @ by encouraging voters to buy gold and silver ?
Bankers don ’ t like gold and silver because they can ’ t use it for their reserves .
If you think you would earn more than 1 % by buying gold or silver coins , you would be faring better than a savings account .
A CD ( Certificate of Deposit ) only pays 1.5 % .
Americans under 50 years of age can invest a maximum $ 6000/year in a Roth IRA ( Individual Retirement Account ) for 10 years that yields @ @ @ @ @ @ @ 60,000 investment becomes $ 79,000 in a decade .
But you still end up holding paper money , not an asset .
Investment advisor Peter Schiff reminds us that paper money only represents money , only gold and silver are real money .
According to a report published at Politifact.com , for a two-income couple who put in 40 years of labor and turning 65 in 2010 , they would have paid in $ 600,000 in lifetime Social Security Taxes and receive only $ 579,000 in lifetime benefits .
By comparison , had @ @ @ @ @ @ @ @ $ 1000/ounce average over 40 years of labor instead of contributing to Social Security , they would be holding 600 ounces of gold @ ~ $ 1700/ounce , or $ 1,020,000 .
They would have an asset they can readily turn to cash ( liquidity ) and not be left holding a piece of paper we call money whose value is eroded by inflation .
Until Americans realize they are left holding a piece of paper while the bankers end up holding all the real hard assets , Americans will only achieve @ @ @ @ @ @ @ that are going to default in the COVID-19 crisis are going to be bought up for pennies on the dollar by bankers and rented out .
Americans are willingly becoming a slave and debtor class by their ignorance .
Here is what ICE-9 writes : Thus much of the national angst that has accumulated since 1971 ( when America technically went bankrupt as it ran out of gold ) can be explained as the conflict between the true national owners and those who believe they are its owners ( you and I ) @ @ @ @ @ @ @ still believe they are the national owners because they have yet to perceive that The United States “ for the People ” has transformed into THE UNITED STATES “ of the People ” and is now nothing more than a bank with a standing army .
Our complicity in the crime : patriotism to a fault “ We are all familiar with the sustained and incessant propaganda campaign that we experience every day .
That unsolicited red , white , and blue bunting on city streets , the spectacular 4th of July fireworks @ @ @ @ @ @ @ football game , and a special appearance by Uncle Sam on Stilts at this year ’ s patriotic flag waving parade .
But what we often do not perceive is our willing participation in these displays , the need to be drawn into rituals that block our subconscious knowledge that something really is seriously wrong with the nation , and these things that are seriously wrong will never be fixed .
So , as this collective subconscious block grows , the more manufactured and elaborate these patriotic displays become – the harder we @ @ @ @ @ @ @ sing the Star Spangled Banner , the more ferociously we vote , and the more vigorously we do what effectively amounts to nothing .
It is when this collective block descends over our collective impotence that we then enter the final stages of financialization and the police state.
” What now ?
Zero sum game ICE-9 predicts gloom .
“ The dissenting and disenfranchised will find themselves branded as ‘ terrorists , ’ gathered up into box cars , and shipped away to be disappeared by the millions.
” ICE-9 predicts : “ @ @ @ @ @ @ @ last penny , our trip down the Road to Zero will be complete .
That is when the salvation of Globalism ( and a global digital currency ) will be forced upon us.
” Only then will we “ discover too late just how few bullets would have fixed things early , how little blood need be shed to derail this Road to Zero .
”

Originally posted as a 62-page report at THEBURNINGPLATFROM.com by “ICE-9”
I recently learned more about something that happened 149 years ago and it has everything to do with what our country is facing today.
For 149 years Americans have been living within a great hypothecation, that is, a collateralization. The entire United States was offered up as an asset to pay off debts incurred after the Civil War in case the US was not able to pay back its lenders. The U.S. citizenry has not “owned” its own country since then.
The District of Columbia Organic Act of 1871 incorporated and privatized THE UNITED STATES when the country was bankrupt due to its insurmountable Civil War debts. It was at that time that the United States was switched from a country “for the people” to a country “of the people.” The new owners of the U.S. have never been revealed. They likely are bankers. Buy Gold and Silver Sa... Eberhardt, Doug Best Price: $12.99 Buy New $12.95 (as of 07:02 UTC - Details)
A dual Constitution was established at that time, without ratification of the States. Since 1871 the true ownership of the United States has remained unstated. “We the people” do not own our own country.
I’m reading all this from an author who goes by the pen name “ICE-9” who posted this at THE BURNING PLATFORM dot com in a mostrous 62-page (20,000 word) report entitled FINANCIALIZATION AND THE ROAD TO ZERO that I’ve shortened to ~2000 words
To help understand collateralization, the following example is provided.
Collateralization
It was recently reported that California cities are collateralizing their city streets as an asset so they can borrow funds to meet their obligations for employee pension plans. The city streets are leased to a financing authority which will pay the city up-front money and “rent” the streets back to the city for 25 years in order pay off the bonds. This could result in residents of these cities having to pay user fees to drive on city streets. This is a way of getting around bonds that require voter approval.
Collateralization is nothing new. ICE-9 writes that public civil infrastructure at all levels of government – – water corporations, passenger rail services, storm drain networks, hospitals, sewage plants, highways, government buildings, have been sold off at cents on the dollar and turned into quasi-bond issues that are paid for my public use fees. Our nation has been “strip mined” by bankers. ICE-9 says every conceivable thing of any perceivable value has been commoditized, collateralized, leveraged, re-hypothecated and securitized. There is nothing left to hypothecate.
And government must collateralize. Pension plans are about 30% under-funded. And municipalities and State governments have over $6 trillion in unfunded pension liabilities and another $13.9 trillion in unfunded Social Security obligations over the next 75 years.
Four ages of the U.S. economy: mercantilism, capitalism, financialism, globalism.
The Last Gold Rushu202... Haynes, Bill Buy New $28.00 (as of 04:04 UTC - Details) ICE-9 teaches the U.S. has passed through four financial eras: the age of MERCANTILISM, an economic theory that foreign trade generates wealth as cheap goods go through a value-added process as they are sold from importer to distributor to wholesaler and retailer and eventually to consumers; to an era of CAPITALISM where private owners of trade and industry profiteer rather than the state; to an era of FINANCIALIZATION where profits are earned mostly by financial institutions and very wealthy oligarchs who pass papers (credit default swaps, stock buy backs, futures and equities/stocks) between each other to accumulate profits without any real productivity; to the current INFORMATION ERA where nothing is created and only the information creators control the portals of profitability.
Inflation = the illusion of prosperity
ICE-9 writes that the “illusion of prosperity” is created by inflation. Inflation without wage increases and we reach a point where people experience starvation. This happened in London in 1815. The entire investment economy is dependent upon ever increasing inflation driven by ever-increasing Federal debt sales.
Debt-based money
Yes, the U.S. also creates money out of debt. Our foreign trading partners end up with U.S. dollars and America ends up with their products (shoes, cars, cameras, etc.). Those U.S. dollars need to return to the U.S. so we can buy more foreign goods. So, the U.S. issues U.S. Treasury Notes (IOUs) for the money + 2% interest. So much of our paper money – – a ten-dollar bill, let’s say – – is a promise to pay back China or Japan + 2% interest. A ten-dollar bill really represents minus-ten dollars + 2% interest. Debt-based money.
Borrowing from our future income
Americans also owe nearly $1 trillion in credit card debt. So, we have even sold off our future income.
Americans are saving and their wealth is being diminished
Americans have stashed ~$9 trillion in savings accounts. The COVID-19 crisis has resulted in Americans depositing ~$2 trillion in bank accounts. In an economy that is 70% consumer goods, savings and paying down credit card debts result in a sour economy. Stack Silver Get Gold:... Hunter Riley III Best Price: $13.44 Buy New $1.99 (as of 10:56 UTC - Details)
What is good about savings is that Americans are not spending and therefore, the full brunt of inflation isn’t being experienced. Otherwise the trillions of dollars of COVID-19 bailout money would result in run-away inflation.
Economist John Williams at ShadowStats.com estimates the real rate of inflation is ~4-6%. The illusion of wealth is created by the fact we have the same dollar amount in the bank but it can purchase less goods and services over time. Interest on banked money is less than 1%. So, Americans are losing ~$450 billion a year in the purchasing power of their banked money. Mindless bank depositors have nowhere else to park their money outside of buying precious metals. If they knew they are getting fleeced there might be a bank run.
Americans put good money into Social Security in their working years and get back devalued money back to live off of in their pension checks decades later. I once calculated the average Social Security check in 1980 was ~$321 and today it is ~$1503. But calculated for inflation (ShadowStats.com inflation calculator), it should be ~$6741/month!
ICE-9 says: “Federal debt issuance (printing money) could theoretically go on indefinitely and fund Wars, Waste, Wall Street, and Welfare forever despite the country producing next to nothing of true value.” But wages would have to rise, and that isn’t happening. Today’s real average wage has about the same purchasing power it did 40 years ago.
Even our debt is sold
What happens when foreign trading partners refuse to buy U.S. debt notes, which actually happened at the start of 2014? ICE-9 says not buying US Treasury Notes is in effect a declaration of war. Japan and China, each holding over $1 trillion of US IOUs (US Treasury Notes), fear they may never be paid back. That is why, since 2019, the Federal Reserve System has been frantically buying up its own debt to save the Wars, Waste, Wall Street and Welfare, says ICE-9. How does a country offer IOUs (U.S. Treasury Notes) and then buy them back with its own phony paper money?
Pray for deflation
The common man should be praying for deflation. In a deflationary period, goods and services cost less. But then Wall Street will fail. It’s never OK for the too-big-to-fail banks to crash, but OK for the little guy to be forced into bankruptcy. Egg Spice Jar, 2 PCS S... Buy New $12.99 (as of 07:02 UTC - Details)
When the Federal Reserve bank sets the target inflation rate at 2.0% it is aiding the wealthy. As stated above, the actual inflation rate is much higher. Assets (property) rise in value in an inflationary period. ICE-9 says deflation can grind the financialized economy to a halt as its entire workings are dependent upon inflation that drives an increasing national asset “value” as a never-ending barrage of US Treasury bills are issued that drives the inflation. But with deflation US Treasury bill issuance stops, the aggregate national asset “value” shrinks, which means no more Wars, Waste, Wall Street, or Welfare.
Inflation is the secret ingredient that makes the wealthy rich
ICE-9 writes that inflation is the secret ingredient that drives asset prices ever higher and makes the wealthy asset holders even wealthier. “But the cost of inflation is borne primarily by those who do not hold assets and cannot afford inflation.” Deflation on the other hand, although “the bringer of immediate economic carnage to a financialized economy, is over the long term the ultimate re-distributor, the bringer of equity and equilibrium, and the destroyer of the wealthy.” So, “financialization is, by design, socialism for the rich, says ICE-9, and deflation is thus the unwinding of this socialism.”
So, ICE-9 says when private economic endeavors are squashed through regulation or competition between corporate entities and the majority of the national citizenry are welfare recipients, discretionary capital spending will end, growth will cease, and real economic activity will grind to a halt. When we hear talk of guaranteed income, of doling out free COVID-19 bailout money, when we hear of Medicare For All, then we have reached zero. Gross Domestic Product then becomes a measure of welfare, not productivity.
You may be voting for your own demise
What has become the Democrat Party stock-in-trade, buying votes by giving away monopoly game money, is the end of the road. Lights out. We hear inane talk of reparations to relatives of the slave trade in the 1800s, $14 trillion of reparations. But the wealth the slave owners made was really debt we’ve been paying back ever since the Civil War. The United States went into deep debt to abolish slavery and had to sell off its soul to do it. The U.S. can’t figure out how to pay its current and ongoing pension obligations let alone a penalty for slavery practiced over 150 years ago. The Social Security and Medicare Trust Funds hold nothing but worthless IOUs (U.S. Treasury Notes). Where would that $14 trillions in reparations come from? I guess just $14 trillion of worthless paper money printing, with concurrent inflation. Kind of like shooting oneself in the foot.
So few American voters even know where money comes from. Vote for more money printing and the global digital currency and see more Americans enter the poorhouse. Coins and paper money are now being withdrawn from supply. Banks are closing branches under the guise tellers are fearful of COVID-19 and won’t go to work. Americans are going to be coerced into accepting digital money, while the very wealthy hold all the assets. Guide To Investing in ... Maloney, Michael Best Price: $5.98 Buy New $11.69 (as of 07:20 UTC - Details)
Buy gold and silver instead of lottery tickets
Says ICE-9: “The holders of accumulated fiat paper money, they discovered how to transfer the bulk of a society’s real wealth – land, gold, labor, and raw materials – into their own possession for free, using this fiat money of no intrinsic value to purchase things having real inherent value.”
The rich have their stock market, the poor invest in lottery tickets. On a per capita basis Americans purchase ~$1000/year in lottery tickets – over $73 billion total. If the poor invested that $1000 in gold or silver (real assets) instead of the lottery it would be turning the tables on this whole game that only enriches the rich.
Can you imagine a politician running for office, not by making false promises of handing out paper money or even digital money, but by encouraging voters to buy gold and silver?
Bankers don’t like gold and silver because they can’t use it for their reserves. If you think you would earn more than 1% by buying gold or silver coins, you would be faring better than a savings account. A CD (Certificate of Deposit) only pays 1.5%. Americans under 50 years of age can invest a maximum $6000/year in a Roth IRA (Individual Retirement Account) for 10 years that yields 6% interest – – a $60,000 investment becomes $79,000 in a decade. But you still end up holding paper money, not an asset. Investment advisor Peter Schiff reminds us that paper money only represents money, only gold and silver are real money.
According to a report published at Politifact.com, for a two-income couple who put in 40 years of labor and turning 65 in 2010, they would have paid in $600,000 in lifetime Social Security Taxes and receive only $579,000 in lifetime benefits. By comparison, had this couple purchased $600,000 of gold @$1000/ounce average over 40 years of labor instead of contributing to Social Security, they would be holding 600 ounces of gold @~$1700/ounce, or $1,020,000. They would have an asset they can readily turn to cash (liquidity) and not be left holding a piece of paper we call money whose value is eroded by inflation.
Until Americans realize they are left holding a piece of paper while the bankers end up holding all the real hard assets, Americans will only achieve imagined wealth.
The many home mortgages that are going to default in the COVID-19 crisis are going to be bought up for pennies on the dollar by bankers and rented out. Americans are willingly becoming a slave and debtor class by their ignorance.
Here is what ICE-9 writes:
Thus much of the national angst that has accumulated since 1971 (when America technically went bankrupt as it ran out of gold) can be explained as the conflict between the true national owners and those who believe they are its owners (you and I). And much of the national citizenry still believe they are the national owners because they have yet to perceive that The United States “for the People” has transformed into THE UNITED STATES “of the People” and is now nothing more than a bank with a standing army.
Our complicity in the crime: patriotism to a fault
ICE-9 writes:
“We are all familiar with the sustained and incessant propaganda campaign that we experience every day. That unsolicited red, white, and blue bunting on city streets, the spectacular 4th of July fireworks display, the F-35 flyover at the football game, and a special appearance by Uncle Sam on Stilts at this year’s patriotic flag waving parade. But what we often do not perceive is our willing participation in these displays, the need to be drawn into rituals that block our subconscious knowledge that something really is seriously wrong with the nation, and these things that are seriously wrong will never be fixed. So, as this collective subconscious block grows, the more manufactured and elaborate these patriotic displays become – the harder we wave those flags, the louder we sing the Star Spangled Banner, the more ferociously we vote, and the more vigorously we do what effectively amounts to nothing. It is when this collective block descends over our collective impotence that we then enter the final stages of financialization and the police state.”
What now? Zero sum game
ICE-9 predicts gloom. “The dissenting and disenfranchised will find themselves branded as ‘terrorists,’ gathered up into box cars, and shipped away to be disappeared by the millions.”
ICE-9 predicts: “When Wall Street has sucked up every last penny, our trip down the Road to Zero will be complete. That is when the salvation of Globalism (and a global digital currency) will be forced upon us.” Only then will we “discover too late just how few bullets would have fixed things early, how little blood need be shed to derail this Road to Zero.”


lewrockwell--2020-10-09--Where Is the Coronavirus? The CDC Says It Isn’t Available

The CDC document is titled , “ CDC 2019-Novel Coronavirus ( 2019-nCoV ) Real-Time RT-PCR Diagnostic Panel.
” It is dated July 13 , 2020 .
Buried deep in the document , on page 39 , in a section titled , “ Performance Characteristics , ” we have this : “ Since no quantified virus isolates of the 2019-nCoV are currently available , assays [ diagnostic tests ] designed for detection of the 2019-nCoV RNA were tested with characterized stocks of in vitro transcribed full length RNA… ” The key phrase there is : “ Since no quantified virus isolates @ @ @ @ @ @ @ Every object that exists can be quantified , which is to say , measured .
The use of the term “ quantified ” in that phrase means : the CDC has no measurable amount of the virus , because it is unavailable .
THE CDC HAS NO VIRUS .
A further tip-off is the use of the word ‘ isolates.
” This means NO ISOLATED VIRUS IS AVAILABLE .
AIDS Inc. Rappoport , Jon Best Price : $ 33.29 Buy New $ 18.89 Another way to put it : NO ONE HAS AN @ @ @ @ @ @ @ NO ONE HAS ISOLATED THE COVID-19 VIRUS .
THEREFORE , NO ONE HAS PROVED THAT IT EXISTS .
As if this were not enough of a revelation to shock the world , the CDC goes on to say they are presenting a diagnostic PCR test to detect the virus-that-hasn ’ t-been-isolated…and the test is looking for RNA which is PRESUMED to come from the virus that hasn ’ t been proved to exist .
And using this test , the CDC and every other public health agency in the world are counting COVID @ @ @ @ @ @ @ and economic devastation using those case and death numbers as justification .
If people believe “ you have the virus but it is not available , ” and you have the virus except it is buried within other material and hasn ’ t been extracted and purified and isolated , these people believe the moon is made of green cheese .
This is like saying .
“ We have the 20 trillion dollars , they are contained somewhere in our myriad accounts , we just don ’ t know where.
” If you @ @ @ @ @ @ @ don ’ t know you have the money .
“ The car keys are somewhere in the house .
We just don ’ t where.
” Really ?
If you don ’ t know where , you don ’ t know the keys are in the house .
Good-Bye Germ Theory : ... Trebing , Dr. William P Best Price : $ 36.69 Buy New $ 14.00 “ The missing cruise missile is somewhere in the arsenal , we just don ’ t where.
” No .
If you don ’ t know @ @ @ @ @ @ @ the missile is in the arsenal .
“ The COVID-19 virus is somewhere in the material we have—we just haven ’ t removed it from that material .
But we know what it is and we ’ ve identified it and we know its structure.
” NO YOU DON ’ T .
YOU ASSUME THAT .
“ But…but…there is a study which says a few researchers in a lab isolated the virus… ” They say they did .
But in July , the CDC is saying no virus is available .
I guess @ @ @ @ @ @ @ bring the virus from that lab to the CDC .
The trucks were out of gas .
It was raining .
The bridge was washed out .
The trucks were in the shop .
Joe , the driver , couldn ’ t find his mask , and he didn ’ t want to leave home without it… The pandemic is a fraud , down to the root of the poisonous tree .
The Best of Jon Rappoport

The CDC document is titled, “CDC 2019-Novel Coronavirus (2019-nCoV) Real-Time RT-PCR Diagnostic Panel.” It is dated July 13, 2020.
Buried deep in the document, on page 39, in a section titled, “Performance Characteristics,” we have this: “Since no quantified virus isolates of the 2019-nCoV are currently available, assays [diagnostic tests] designed for detection of the 2019-nCoV RNA were tested with characterized stocks of in vitro transcribed full length RNA…”
The key phrase there is: “Since no quantified virus isolates of the 2019-nCoV are currently available…”
Every object that exists can be quantified, which is to say, measured. The use of the term “quantified” in that phrase means: the CDC has no measurable amount of the virus, because it is unavailable. THE CDC HAS NO VIRUS.
A further tip-off is the use of the word ‘isolates.” This means NO ISOLATED VIRUS IS AVAILABLE. AIDS Inc. Rappoport, Jon Best Price: $33.29 Buy New $18.89 (as of 03:34 UTC - Details)
Another way to put it: NO ONE HAS AN ISOLATED SPECIMEN OF THE COVID-19 VIRUS.
NO ONE HAS ISOLATED THE COVID-19 VIRUS.
THEREFORE, NO ONE HAS PROVED THAT IT EXISTS.
As if this were not enough of a revelation to shock the world, the CDC goes on to say they are presenting a diagnostic PCR test to detect the virus-that-hasn’t-been-isolated…and the test is looking for RNA which is PRESUMED to come from the virus that hasn’t been proved to exist.
And using this test, the CDC and every other public health agency in the world are counting COVID cases and deaths…and governments have instituted lockdowns and economic devastation using those case and death numbers as justification.
If people believe “you have the virus but it is not available,” and you have the virus except it is buried within other material and hasn’t been extracted and purified and isolated, these people believe the moon is made of green cheese.
This is like saying. “We have the 20 trillion dollars, they are contained somewhere in our myriad accounts, we just don’t know where.” If you don’t know where, you don’t know you have the money.
“The car keys are somewhere in the house. We just don’t where.” Really? If you don’t know where, you don’t know the keys are in the house. Good-Bye Germ Theory: ... Trebing, Dr. William P Best Price: $36.69 Buy New $14.00 (as of 04:04 UTC - Details)
“The missing cruise missile is somewhere in the arsenal, we just don’t where.” No. If you don’t know where, you don’t know the missile is in the arsenal.
“The COVID-19 virus is somewhere in the material we have—we just haven’t removed it from that material. But we know what it is and we’ve identified it and we know its structure.” NO YOU DON’T. YOU ASSUME THAT.
Science is not assumptions.
“But…but…there is a study which says a few researchers in a lab isolated the virus…”
They say they did. But in July, the CDC is saying no virus is available. I guess that means trucks were not available to bring the virus from that lab to the CDC. The trucks were out of gas. It was raining. The bridge was washed out. The trucks were in the shop. Joe, the driver, couldn’t find his mask, and he didn’t want to leave home without it…
Science is not assumptions.
The pandemic is a fraud, down to the root of the poisonous tree.
Reprinted with permission from Jon Rappoport’s blog.
The Best of Jon Rappoport