Deep State Discredited? or Washington Shills

May 21, 2020

We have been watching the Washington D.C. circus since January or February of 2020. It appears probable that their GoF research into coronaviruses unleashed a global pandemic. After it got out they appear clueless regarding a response to it. Since they probably caused this, I think it might be best if they shut their traps and let individuals deal with it as best they can. There is good news, though. The Washington circus is revealing itself for what it really is – a flock of money grubbing profiteers, busily making unsubstantiated claims and riding the stock market waves. Here is something from Zero Hedge:

Haseltine’s interview is perfect lead into his opinion piece in todays’ Washington Post:

Faith in medicine and science is based on trust. But today, in the rush to share scientific progress in combating covid-19, that trust is being undermined.

Private companies, governments and research institutes are holding news conferences to report potential breakthroughs that cannot be verified. The results are always favorable, but the full data on which the announcements are based are not immediately available for critical review. This is “publication by press release,” and it’s damaging trust in the fundamental methods of science and medicine at a time when we need it most.

The most recent example is Moderna’s claim Monday of favorable results in its vaccine trial, which it announced without revealing any of the underlying data. The announcement added billions of dollars to the value of the company, with its shares jumping almost 20 percent. Many analysts believe it contributed to a 900-point gain in the Dow Jones industrial average. (emphasis supplied)

The Moderna announcement described a safety trial of its vaccine based on eight healthy participants. The claim was that in all eight people, the vaccine raised the levels of neutralizing antibodies equivalent to those found in convalescent serum of those who recovered from covid-19. What to make of that claim? Hard to say, because we have no sense of what those levels were. This is the equivalent of a chief executive of a public company announcing a favorable earnings report without supplying supporting financial data, which the Securities and Exchange Commission would never allow.

There is a legitimate question regarding what Moderna’s unsupported assertion means. The scientific and medical literature reports that some people who have recovered have little to no detectable neutralizing antibodies. There is even existing scientific literature that suggests it is possible neutralizing antibodies may not protect animals or humans from infection or reinfection by coronaviruses.

Such “publication by press release” seems to be a standard practice lately. “

If you are Washington Compost subscriber, I am sure you can read Dr. Haseltine’s interview there.

Here is some information on their “pet” drug remdesivir:

“The National Institutes of Health announced last month that the drug remdesivir offered a clear benefit to covid-19 patients with moderate disease, shortening the length of their hospital stay by several days. But did it really? Twenty days after the announcement, the supporting data has still not been published. Without the data, no doctor treating a patient can be sure they are doing the right thing.

Another paper, published the same day, found that remdesivir had no measurable effect on patient survival or the amount of virus detectable in nasopharynx and lung secretions. What then should a practicing physician do? Follow the unsupported advice of a news announcement or a medical report published in a leading scientific journal? This is not an idle question: The NIH announcement triggered a global stampede for limited supplies of the drug.”

What about a vaccine? WHO are they kidding?

“The case is more nuanced for the vaccine developed by the Jenner Institute at Oxford University, though the mileposts remain the same: It started with a public pronouncement of favorable results from an early study, this time in monkeys, well before any data was publicly released. An NIH scientist working on a trial of the Oxford vaccine gave an interview to the New York Times, claiming the drug was a success.

But the data, released as a prepublication version more than two weeks after the story ran, didn’t quite live up to the early claim. All of the vaccinated monkeys became infected when introduced to the virus. Though there was some reduction in the amount of viral RNA detected in the lungs, there was no reduction in the nasal secretions in the vaccinated monkeys. So the positive result reported by the Oxford group turned out not to be protection from infection at all, something most would agree is what a successful vaccine would do. Instead, it lowered only the amount of virus recoverable from the vaccinated monkey’s lung.
To the Jenner Institute’s credit, it does warn visitors to its website that there have been many false reports about the progress of its vaccine trial. Still, having a scientist working on the trial paint preliminary results in such a positive manner without having yet released the full data is cause for concern.”

Anyone not watching “the news” is smart. We don’t get “news”. We get people shilling their products.

Silver Lining of The Pandemic?

May 19, 2020

It looks like government may lose power due to its response to COVID-19. The shutdowns have resulted in a population with little to lose:

“Of course, Governor Wolf did not take such defiance lightly and unleashed a torrent of threats and abuse on the recalcitrant offenders, declaring that they had “decided to surrender to the enemy” and that they were “choosing to desert in the face of the enemy, in the middle of a war.” He then threatened to withhold any discretionary federal funds from any counties that rebelled, and then went even further, warning businesses that he would unleash the regulatory goons on them to make them bend the knee. Restaurants’ liquor licenses would be suspended, any business that reopened in defiance would no longer have business liability insurance, and they could risk losing certificates of occupancy and health certificates.

However, having already pushed thousands of businesses to the brink of extinction, it seems unlikely that Wolf’s threats have much persuasive power. The state simply doesn’t have the resources to hunt down every rebellious business owner, so at the worst, an owner is taking a gamble between going out of business for sure if the shutdown continues and facing regulatory headaches in the event that the state authorities actually manage to find out about it. Although the state department of health has set up a complaint form for people to inform on businesses, even state lawmakers have likened it to the East German secret police, and the form has reportedly been inundated with online trolls submitting bogus reports.”

What we are seeing is a repeat of Shay’s Rebellion, where the government called for the militia, but the militia either didn’t respond or joined and supported the “rebels”.

“The governor may issue all the orders he desires, but without the cooperation of the lower levels of government and the people themselves, they are toothless. In the unlikely event that he desired to escalate the situation to enforce his emergency decrees, he would lack the resources to realistically do so, having only forty-seven hundred state police under his control who could not hope to replace the local police across the nearly forty-five thousand square miles that make up the state. Even if he tried, local district attorneys have already indicated that they will not prosecute such cases.”

Deep State – Evil or Incompetent?

May 18, 2020

You have to love what some people call “reporting”. Are we supposed to believe that “reporters” have some kind of wisdom that no one else has? Today Mediaite reported about a 60 Minute interview of a former government employee, Mr. Bright. Mr. Bright was quoted as saying that President Trump chose politics over “science”. Mr. Bright hid behind the idea that government is hard working and is promoting “science”, when the reality is the Deep State (army of career government employees, like Mr. Fauci, who has been employed by government since 1968) either has a sick sadistic agenda, or it has failed spectacularly. Here is Mediaite quoting 60 Minutes:

“Dr. Rick Bright is the highest-ranking government scientist to charge the federal government’s response to the coronavirus pandemic has been slow and chaotic. He says it has prioritized politics over science, and has cost people their lives,” O’Donnell reported on 60 Minutes. “It has cost Dr. Bright his job.”

How should we interpret, “He says it has prioritized politics over science…”? Does Mr. Bright know of a cure that he is not sharing?

Here is another very funny quote or perhaps sad and sick quote:

“The best scientists that we have in our government who are working really hard to try to figure this out aren’t getting that clear, cohesive leadership, strategic plan message yet,” Bright told CBS. “Until they get that, it’s still gonna be chaotic.”

First, does Mr. Bright want politics to lead or science (I don’t mean to imply that “science” is always so objective that “it” should be in charge)? You can bet that when the President leads with “clear, cohesive, leadership”, that will be “politics” to Mr. Bright. Why is it funny or perhaps sad and sick?

These Deep State scientists have already been doing GOF (Gain Of Function – trying to get it to infect other hosts – like people) studies on coronaviruses for years and that very “work” is probably what caused this pandemic! We know this from a 12/19/17 NIH announcement:

“Today, the National Institutes of Health announced that it is lifting a funding pause dating back to October 2014 on gain-of-function (GOF) experiments involving influenza, SARS, and MERS viruses. GOF research is important in helping us identify, understand, and develop strategies and effective countermeasures against rapidly evolving pathogens that pose a threat to public health.”

The virus causing this pandemic is SARS-CoV-2. Before you conclude the NIH was correct and this virus “rapidly” evolved, check this out (RBD = Receptor Binding Domain – the key to entering human cells):

“As an expert as Shi is, she only needed to take one peek at the sequence of RaTG13’s RBD and immediately realize: this virus closely resembles SARS in its RBD and has a clear potential of infecting humans. If Shi’s public statement is true and she indeed intends to discover bat coronaviruses with a potential to cross-over to humans, how could she possibly overlook this extremely interesting finding of RaTG13? If this RaTG13 was discovered SEVEN years ago in 2013, why did Shi not publish this astonishing finding earlier and yet let the “less-attractive” viruses take the stage? Why did she decide to publish such a sequence only when the current outbreak took place and people started questioning the origin of the Wuhan coronavirus?

None of these makes sense. These facts only add to the suspicion – Zhengli Shi either was directly involved in the creation of this virus/bioweapon, or helped cover it up, or both.

Of course, these facts also add to the claim that RaTG13 is a fake virus – it exists on Nature (the journal) but not in nature.”

Check into the biases of Nature Magazine:

“Many of the early editions of Nature consisted of articles written by members of a group that called itself the X Club, a group of scientists known for having liberal, progressive, and somewhat controversial scientific beliefs relative to the time period.[12] Initiated by Thomas Henry Huxley, the group consisted of such important scientists as Joseph Dalton Hooker, Herbert Spencer, and John Tyndall, along with another five scientists and mathematicians; these scientists were all avid supporters of Darwin’s theory of evolution as common descent, a theory which, during the latter half of the 19th century, received a great deal of criticism among more conservative groups of scientists.[14]”

Nature Magazine was basically in the business of promoting Darwin’s theory of evolution. It would appear to me that this publication would favor that SARS-CoV-2 “evolved” from RaTG13 by random mutations rather than “intelligent” design in the laboratory.

What is your interpretation? Sick, sadistic agenda of control and depopulation by “intelligent design”, or spectacular failure to protect us from randomly mutating (random mutations can also make these things less infectious to humans) and “rapidly evolving” pathogens?

It’s Only a Model!

Its Only a Model!
April 28, 2020

CNN is wringing their hands over the latest models:

“(CNN)Seven coronavirus models show US deaths from coronavirus will keep rising in the coming weeks. But how sharply the death toll rises depends on how much “contact reduction” Americans practice, the Centers for Disease Control and Prevention said.
The models estimate the forecast numbers of cases and deaths on the state and national levels, and one model from the University of Texas at Austin makes metro-area projections.”

Watch the first 10 seconds of this clip from the “Holy Grail”.

I think the prior models have been shown to be wildly pessimistic.

Central Planning Failure?

April 19, 2020

Get ready to hear even MOAR panic than we have been hearing up until now. I thought we were about to go over the top of the curve?

OK, so what has changed? Random testing of people for anti-bodies has begun and I suspect the CENTRAL PLANNERS will be shocked, I tell you, shocked.

Before becoming alarmed I recommend that you watch this video of an interview with Dr. Jay Bhattacharya.

If the test results obtained by Dr. Bhattacharya are accurate, the virus has infected far MOAR people than previously thought. If you listen at about 12:20, Dr. Bhattacharya said that a lot of people who had it, probably never knew they had it. Dr. Bhattacharya admitted the error rate of the testing has not been solidly quantified.

Now this type of test has been conducted elsewhere. See here and here.

I think Dr. Bhattacharya interpreted his results as positive. His tentative conclusion is the virus mortality rate is far less than previously thought and that it may be safe to “lift the caps” in some areas.

My fear is this will be seen negatively and we will double down on the current policy, because it appears the virus is MOAR widespread than thought. If we keep on this course, we might run out of food.

I think that we are seeing the parable of the broken window playing out before us.

The parable seeks to show how opportunity costs, as well as the law of unintended consequences, affect economic activity in ways that are unseen or ignored. The belief that destruction is good for the economy is consequently known as the broken window fallacy or glazier’s fallacy.

In the broken window parable, people only focus on what they can see (naturally). They do not consider the costs they cannot see. Our response to the virus has led to all sorts of consequences that won’t be seen. An example is the Mayo clinic is anticipating a big revenue shortfall (32:40) because elective surgeries have been postponed. Peter Robinson talked about the lack of a cost/benefit analysis (31:49). He also talked about the cancers that would go undiagnosed because of the shut-down. There are many costs that are not seen. At about 34:02 Dr. Bhattacharya spoke about the health effects of a depressed economy. A depressed economy destroys people’s health. The first victims are the poor.

Fed Repo’s – Free Market?

April 2, 2020

Here is Yahoo with an article from Bloomberg:

(Bloomberg) — The Federal Reserve is trying to call time on a fire sale of Treasuries by foreign governments and central banks.

Foreign official holders of Treasuries dumped more than $100 billion in the three weeks to March 25, on course for the biggest monthly drop on record, according to weekly Fed custody data that captures much of the pandemic-fueled turmoil.

Countries reliant on oil exports and smaller Asian economies have been selling U.S. debt, and central banks have been primarily offloading older, less-liquid Treasuries, according to traders and market makers familiar with the transactions.

The Fed on Tuesday rolled out its latest effort to restore functioning in markets, on top of moves to ramp up debt purchases and backstop several sectors. It introduced a temporary repurchase agreement facility that let other central banks swap Treasuries for dollars.

I wonder who they think they are fooling? Maybe we did something to piss off the Saudis and the Saudis understood how to bring on a dollar squeeze that would force this selling.

Some might call this providing “liquidity”. This is code for “market manipulation.”

Here is a good quote:

The new repo facility “effectively backstops foreign central banks from forced liquidation of their Treasury holdings into dysfunctional markets,” Jonathan Cohn, a rates strategist at Credit Suisse, said in a note.

Perhaps if prices go down, we have “dysfunctional markets”.

End The Shutdown

April 1, 2020

As everyone knows, we are in the midst of a “crisis” because of a Corona virus. The government response has been a shutdown of many businesses. This shutdown is being imposed from the top down. In other words government has imposed shutdowns. Obviously this has reduced income and made people poorer. The government did this, allegedly, in the name of protecting us, but there is a huge problem with this. This is from Mises:

There is no conflict between humanitarian and economic concerns; in fact they are flipsides of the same coin. A poorer America will be a much less healthy America, one more vulnerable to future illness and disease. Technology, modern medicine, and market actors can address a virus; already we see entrepreneurs producing cheaper ventilators and doctors using cheap generic drugs with very promising results.

This local, bottom-up approach is the only effective way to confront the virus. The federal government, as we see now and have in the past, is comically incapable of competence in times of crisis.

On a fundamental level, freedom really is more important than security—or, in this case, an illusion of security. We all demonstrate this in our personal lives every day, from flying to driving to riding bicycles, to consuming unhealthy food and drink simply because we like it. Security has never been the sole or even primary goal for a country born in rebellion.

Government cannot decide what aspects of our lives are essential or nonessential. The American people cannot simply sit at home and wait for government checks written on funds that government does not have.

I have added the emphasis regarding a “poorer America”. This is not theoretical! See this story today:

Alteon Health, a staffing company backed by private-equity firm Frazier Healthcare Partners, will cut salaries, time off and retirement benefits for providers, citing lost revenue. Several hospital operators announced similar cuts.

Emergency room doctors and nurses many of whom are dealing with an onslaught of coronavirus patients and shortages of protective equipment — are now finding out that their compensation is getting cut.

Most ER providers in the U.S. work for staffing companies that have contracts with hospitals. Those staffing companies are losing revenue as hospitals postpone elective procedures and non-coronavirus patients avoid emergency rooms. Health insurers are processing claims more slowly as they adapt to a remote workforce.

Granted, the delay in the revenue producing procedures may have been self-imposed, but this clearly illustrates that, “A poorer America will be a much less healthy America, one more vulnerable to future illness and disease.

Many have used the metaphor of war to describe the response to this “pandemic”, but I think they have forgotten the response to WWII (I am sure that is the war they referenced). That response was massive work. The United States basically, out manufactured its enemies. That is how it won WWII.

What happened to our can do attitude? What happened to the “land of the free”? The strength of a nation or any corporate body lies in its diversity, or in other words in the freedom of its individuals to create solutions to problems. Maybe this “crisis” will backfire on those in power and the grassroots will realize who really holds the power in our land.

One last thing. The Fed cannot print its way out. Spouting counterfeit currency does not get tests done, does not get masks made, does not feed the doctors and nurses who are working so hard to help people. It is work that produces these vital goods and services. The only thing the Fed “printing” can do is support banks’ mark-to-fantasy (there is no “market”) valuation of their assets, so they can maintain the illusion they have “capital”.

Central Planning and the Coronavirus

March 29, 2020

Here is an opinion piece that shows the futility of central planning by our beloved Federal government. It is impossible for “it” to “understand” the problem confronting us and thus to make reasonable plans for dealing with it. Yes, this is an opinion piece, but it is opinion that is “guiding” government “policy” and this rings true.

(Bloomberg Opinion) — It doesn’t matter that the United States surpassed China this week in reported Covid-19 cases because those numbers (83,507 and 81,782 respectively as of March 26) don’t tell us how many people actually became infected in either country. Nor do they tell us how fast the disease is spreading, since only a tiny portion of the population in the United States has been tested.

“The numbers are almost meaningless,” says Steve Goodman, a professor of epidemiology at Stanford University. There’s a huge reservoir of people who have mild cases, and would not likely seek testing, he says. The rate of increase in positive results reflect a mixed-up combination of increased testing rates and spread of the virus.

We will need more complete data, smarter data and more coordinated data to communicate something meaningful about the extent of Covid-19 in the United States, how many people are likely to die, which hospitals are likely to be swamped and whether drastic changes in the way Americans live will start to slow down the spread of the virus.

Here is MOAR:

Stanford’s Goodman said that he’s confident scientists will eventually collect the data we need to understand this pandemic and how it’s playing out in the United States. “Right now we are floundering in a sea of ignorance about who is infected and the fate of people who are infected,” he says.

Though death rate figures of around 1% have been tossed around, Goodman says he’s skeptical that anyone knows the death rate of this disease since we don’t know the true rates of infection.
And we can’t identify the most vulnerable groups. “There’s this delusion being disseminated that it’s all about age,” he says. He thinks that since 95% of deaths to date in New York City were of people who had pre-existing conditions, this is the bigger risk factor. But since age is a risk factor for many of those conditions, the two are correlated.

He could figure it out if he could get data on pre-existing conditions broken down by age, but says the New York health department won’t release that data. It matters a lot, he says, since we’re shaping policies around who is most vulnerable. We should find out who they are. They should know who they are.

Leviathan (the state) does not know what it is doing.

Enough panic already.

Vayikra!

This week’s Torah portion is the beginning of what many people call the book of Leviticus. This book is not called Leviticus in Hebrew. In Hebrew it is Vayikra and it means “And he called.” Here is more on the meaning of this book:

On this upcoming Shabbat, the weekly Torah reading is from the first few chapters of theVayikra, often translated as the “Book of Leviticus,” since it focuses on the ancient sacrifices and rituals conducted by the priestly tribe of Levi. And yet, the word “Vayikra” doesn’t mean “tribe of Levi;” it rather refers to the act of “calling out.” One can only “call out” to another. The ancient Hebrew word for sacrifice, “korban,” means to “come close.” One can only “come close” to another. This entire third book is given the title of “calling out” to teach us that the point of a “sacrifice” is not what you give up of yourself but what you give to another.

On this day, I call out to you to spread the word and dispel the darkness. I call out to you to be like Reb Yisroel Salanter who taught, “Most men worry about their own bellies and other people’s souls, when we all ought to be worried about our own souls and other people’s bellies.”

I call out to you to be like Reb Yisroel Baal Shem Tov who taught, “One must give up of your ruchaniut (spirituality) for the sake of another’s gashmiut (physical needs).” I call out to you to stay home and save lives. As the Torah teaches, “Whoever saves one life is as if they saved an entire world.”10

Money Printing – Will it Help?

March 25, 2020

What are prices? A price is simply the ratio of one good to another. Usually a trade can take place when the ratio is met. For example a TV may “cost” $300.00. The ratio of dollars to TV’s is 300 to 1. What determines this ratio is generally the amount of dollars available versus the number of TV’s available. This is usually expressed as “supply and demand”. If MOAR dollars become available for trading for TV’s, the ratio of dollars to TV’s may go up. For example if the number of dollars available doubles, but the amount of TV’s remains the same, we would expect the ratio to be come 600/1 and the price of a TV would be $600.00.

History teaches that increasing the supply of money does not bring greater “wealth”, it brings higher prices. An example comes from the 1400’s to 1800’s when Spain began to bring gold and silver from the New World:

The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 15th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly sixfold over 150 years. This level of inflation amounts to 1–1.5% per year, a relatively low inflation rate for modern-day standards, but rather high given the monetary policy in place in the 16th century.[1]

We are currently in a panic about a Corona virus. Much of the world’s economic output and trade has been shut down by this panic. This is called a “supply shock”. This means the number of “TV’s” (representing all goods), has gone down drastically. As far as we know the number of dollars available for purchasing “TV’s” has not gone down. This means the ratio of dollars to “TV’s” will go up. It has to do so. If it does not, then no one is buying.

How do you think the Federal Reserve has responded to these circumstances? If you guessed “create MOAR currency”, go to the head of the class! (Thank you Walter Williams). Here is Zero Hedge on Fed actions:

As part of the Fed’s ongoing nationalization bailout of the entire market, yesterday we pointed out that in a dramatic reversal away from years in which the Fed would not intervene in the corporate market, the US central bank would now buy Investment Grade corporate bonds, and would even intervene in equities, by purchasing the LQD investment grade debt ETF.

Will this encourage production? I doubt it. I am waiting for my helicopter money. How about you?

“Our” Congress does not want to be left out:

We have a deal, folks!

It appears on early Wednesday morning, the White House and Republican and Democratic Senate leaders reached a deal to keep the American economy humming during the virus crisis and hopefully avoid depression in the second and third quarters.

The new Senate proposal will inject $2 trillion into the US economy, just like a shot of heroin, providing tax rebates, four months expanded unemployment benefits, and several business tax-relief provisions aimed at supporting individuals, families, and businesses, reported The Hill.

There is MOAR:

The deal includes $500 billion for a major corporate liquidity program through the Federal Reserve, $367 billion for a small business loan program, $100 billion for hospitals and $150 billion for state and local governments.

It will also give a one-time check of $1,200 to Americans who make up to $75,000. Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600. – The Hill

Have you ever wondered why businesses in this country become fewer and fewer and larger and larger? I think you just got your answer above.

So what do the Fed actions and the Congressional actions achieve (spoiler alert – increase some people’s popularity and not much else):

Oh, sure, handing out billions of dollars via various spending boondoggles ostensibly targeted at those hit hard by the decline in national income may give the impression of having avoided the cost. Ditto for having the Federal Reserve System flood the economy with new money.

No matter how you slice it, however, the pie is still smaller. That won’t change until production facilities reopen and people are allowed to move around. At best, the boondoggles and new money redistribute claims over the now smaller economic pie. They don’t avoid the cost of lost production.

The boondoggles do provide political cover for those enacting them. An electorate unschooled in economics falls for their hook, line, and sinker—seemingly every time. So it is with our government’s attempt to offset the consequences of shutting down economic activity. Lots of pomp and circumstance signifying nothing save the creation of yet more spending constituencies feeding at the public trough.

MOAR Liberty.