Category Bush Crime Family

Aug 2 2022

White House Covid Vaccine Summit: A Good Day for Big Pharma


Arnie Mazer Writer at TrialSite News where it was originally posted on Jul. 26, 2022, 6:30 p.m.

Opinion Article

The White House hosted a “Summit on the Future of the Covid-19 Vaccine” on Tuesday featuring a combination of administration officials, scientists, and executives from the pharmaceutical industry. The summit was chaired by Dr. Ashish Jah, the White House Covid-19 Response Coordinator. Attendees included Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases (NIAID), as well as Dr. Francis Collins, the former head of the National Institutes of Health (NIH). Also in attendance were the representatives of pharmaceutical companies, including Moderna and Pfizer. There is no question the advent of vaccines blunted the complete force of the Covid-19 pandemic as Fauci pointed out in his address to the group. He said that “vaccines have saved over 2 million lives and prevented 17 million hospitalizations” even though the World Health Organization pointed out, initially, the vaccines were not distributed equitably among poor nations while the pharmaceutical companies were reaping profits. But the emphasis of the Summit was on how vaccines will be developed and distributed.  

Big Pharma at the Summit

In his opening remarks, Dr. Jah extolled vaccines, saying they are “truly a miracle of human ingenuity and 70% of Americans are now vaccinated.” But Jah also said vaccines “need to be better.” Fauci talked about science and manufacturing working together to make sure vaccines are distributed equally and the private sector and science are working together to advance vaccine technology. Additionally, it was pointed out the Biden Administration is committed to the development of new vaccines. Fauci then presented slides of the projects the NIH was funding and developing with vaccine manufacturers. 

Included in this was a “Mosaic Approach,” a new form of vaccine that takes on multiple parts of the virus and could help protect against future Covid variants. Participating in the summit were Paul Burton of Moderna and Angela Hwang of Pfizer. Fauci’s presentation of the future of vaccines included the idea that vaccines need to be updated because the Covid virus is continually mutating.  

He emphasized the partnership between academia and the private sector. As effective as Fauci’s speech was, it also seemed as if he was giving free advertising to the drug companies with the idea of maximizing the benefits of the partnership of science and technology.  The transformative power of the new generation of vaccines continued to be pointed out and regional manufacturing of vaccines was repeatedly pointed to as a way to get more shots in arms. This point came from both Ashish Jah and Angela Hwang. Regional manufacturing and licensing is a way for pharmaceutical companies to increase profit. Moderna’s Paul Burton said manufacturing is a key part of the future, and the company had recently made deals to build new plants in Australia, the United Kingdom, Canada, and Kenya. In the future, vaccines will be administered through nasal sprays and patches. Angela Hwang pointed out that “probably two and a half billion people have received the Pfizer vaccine. That’s an incredible wealth of real-world evidence that we’re sitting on… I think that we have a great opportunity to also help us to understand, how can we design new therapies.” Hwang added Pfizer is “happy to be on this journey.”

mRNA Vaccines Originated with the Department of Defense

The summit gave a history of the mRNA vaccine and said the potion originated through a part of the Department of Defense known as the Defense Advanced Research Projects Agency (DARPA). The development of the vaccine came as a result of research to help American troops if they’d been exposed to biological warfare on the battlefield. Through that program and others, DARPA had been doing the groundwork for the United States to produce a rapid cure for a pathogen like Covid-19 for years. The pharmaceutical companies capitalized on developed technology and took it further. 

Transparency Emphasized

Summit panels continually talked about the fact not enough of the population has been vaccinated, and Dr. Francis Collins claimed the pandemic exposed the vulnerability of the American health care system. Collins said there was a need to build public trust even though, initially, the vaccines were not “distributed with equity.” This included the fact that the World Health Organization’s (WHO) Covid-19 Vaccines Global Access (COVAX) has to do a better job of vaccine distribution through what was termed an “allocation framework”.  In closing, Dr. Ashish Jah emphasized, again, the importance of public and private partnerships. The summit was, overall, informative and a great day for the pharmaceutical companies. 

The impact of such governmental backing of just a few companies most certainly reinforces the market brand. The presenters didn’t do much reflection as to what they could have done better during the pandemic. Rather, industry and government collaboration on more advanced vaccines suggests the government will increasingly be involved in helping fund the few winners of the vaccine and drug development business.

Aug 2 2022

US National Debt to Surpass 185% of GDP


Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted Aug 2, 2022 by Martin Armstrong

The Congressional Budget Office warned that US federal debt is expected to rise 185% within the next 30 years. Total debt holdings could double the size of US GDP by 2051. No politician or spender of this debt cares as they have no intention of paying it off. The Congressional Budget Office is calling this an optimistic forecast, given the previous estimate of debt soaring to 202% of GDP by 2051. The fact of the matter is that no one can foresee how much money politicians will continue to spend. Servicing the debt will become more expensive over time, expected to reach 10% of GDP by 2051, 7.4% in 2042, and 5.1% in 2032.

Most do not realize that the national debt is already at monumental levels. US gross federal debt to GDP reached 100% by 2012. The ratio remained somewhat stagnant until capitalism became sick with COVID in 2020, and the GDP to debt ratio rose to 128.1%. The figure stood at 137.2% by December of 2021 and has continued to increase.

China no longer wants US debt and has begun to sell off its holdings. As other currencies decline relative to the dollar, US debt, and all government debt in general, no longer seems like a smart investment. We have reached a point where Congress can continue to pass bills and bribe voters with socialistic promises from their latest puppets because no one cares about the future of America. The US will be the last to fold but expect the inevitable as countries, city-states, and governments are all temporary in the eyes of father time.

Aug 2 2022

Pelosi Provokes War with China


Armstrong Economics Blog/War Re-Posted Aug 2, 2022 by Martin Armstrong

Speaker Nancy Pelosi is expected to visit Taiwan during her tour of Asia, despite China’s harsh warnings that doing so could lead to war. Pelosi will be the first US House speaker to visit Taiwan in a quarter of a century, yet she has not fully explained her reason for visiting. The US military and every intelligence agency have urged Pelosi not to go, but Biden said she may do so if she pleases.

The Department of Defense will be forced to escort Pelosi to Taiwan, and China has blatantly said that this would be considered an aggressive act of war. “If US fighter jets escort Pelosi’s plane into Taiwan, it is invasion,” Hu Xijin of Global Times wrote on Twitter. “The [Chinese military] has the right to forcibly dispel Pelosi’s plane and the US fighter jets, including firing warning shots and making tactical movement of obstruction. If ineffective, then shoot them down.”

China has repeatedly warned the US not to interfere with its relationship with Taiwan over the years. It is the main hot-button topic that China has said is off-limits. Pelosi is putting the entire nation in danger by visiting, and her comments are further provoking China.

“It’s important for us to show support for Taiwan,” Pelosi said. “None of us have ever said we’re for independence when it comes to Taiwan. That’s up to Taiwan to decide.” Chinese Foreign Ministry spokesperson Wang Wenbin said that a visit would lead to “forceful measures” by the Chinese. Absolutely nothing positive could come out of this trip.

Aug 2 2022

Tucker Carlson Delivers Monologue on the Odd Nancy Pelosi Trip to Tiawan


Posted originally on the conservative tree house on August 2, 2022 | Sundance

As he outlines the controversial trip by Nancy Pelosi to Tiawan, Tucker Carlson asks many questions that people are thinking. {Direct Rumble Link} WATCH:

Aug 2 2022

It’s a Matter of Confidence


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Aug 2, 2022 by Martin Armstrong

COMMENT: Marty; I really do not think people give you enough credit whilst they all pretend to claim they called it correctly just a couple of months ago. I was at your 2011 WEC in Philadelphia. A friend bought the ticket and dragged me there. I have to say, aside from your prediction that war would turn up in 2014 which coincided with Ukraine, the underlying theme was that everything rested upon the confidence in the government. The more I have watched in horror how all our countries have fallen apart so rapidly, the more I understand your research.

My hat is off to you. I wish everyone would stop and acknowledge for once you are the source of fantastic information.

EH

REPLY: Thank you. But as they say, I have to die first before anyone really acknowledges this work. It was the fact that I bought my first Roman coin for $10 when I was about 13 years old, and I was amazed that one could even collect ancient coins. That truly opened a door for research I never knew was possible.

History has been confirmed from the coinage. Imperial Rome pretended that the emperor was still elected as consul every year as if the Republic still existed. Just as we think we live in a democracy but find out the president can issue an executive order that is never submitted to Congress, no less presented to the people for a vote. In that sense, we still live in a dictatorship, just like the Romans. That said, this allows the Roman coins to be dated to every year they were struck.

That established, I realized that the coinage would answer a vital question being a trader – How did Rome fall? Was it like a 747 coming for a landing? Or was it in some sort of panic meltdown? It turned out to be the latter.

I know of NO OTHER WAY that question could have been answered and how VITAL that is to our present-day events.

To everyone’s surprise, other than a trader, bull markets are long drawn out affairs, but bear markets accomplish 90% of the decline in just two to three years. You are witnessing history. The United States is being destroyed rapidly, and unfortunately, even a 100% Republican victory in November will not stop the decline. It will merely present a short-term bounce in confidence. What takes centuries to build vanishes from history faster.

Aug 2 2022

Global Recession Spreads, European Factory Activity Contracts in July, Japanese Factory Activity Also Drops


Posted originally on the conservative tree house on August 1, 2022 | Sundance 

In addition to the contraction in South Korean manufacturing announced last night, European manufacturing and factory activity is also contracting with less output, higher buildup of inventory and fewer orders for finished goods.  The global recession is being measured fast and furious.

Every economic outcome is connected to a purposeful decision by the leaders of western industrialized nations to follow the Build Back Better climate change agenda.  Higher energy costs, an outcome of the collective policy to stop new production of coal, oil and gas, which has transferred into higher food prices, farm prices, gasoline prices, heating and cooling prices as well as electricity rates, is forcing consumers to stop purchasing non-essential products.

The sale of durable goods collapsed in the first half of this year; however, no policymakers or bankers wanted to admit it and they kept saying there was an excess of demand.  Now, with fewer customers for durable goods in the market, global manufacturing and factory outputs are dropping fast.  Eventually the central planners are going to have to admit their pretended demand does not exist.

While there is a natural lag in the activity, the rate of factory contraction will be proportionate to rate of the drop in demand.  Meaning we have only just begun to see the manufacturing decline that lags a few months behind consumer activity.

LONDON, Aug 1 (Reuters) – Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc could fall into a recession.

S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 49.8 in July from June’s 52.1, just ahead of a preliminary reading of 49.6 but its first time below the 50 mark separating growth from contraction since June 2020.

An index measuring output, which feeds into a composite PMI due on Wednesday and seen as a good gauge of economic health, sank to a more than two-year low of 46.3. In June it was 49.3.

“Euro zone manufacturing is sinking into an increasingly steep downturn, adding to the region’s recession risks. New orders are already falling at a pace which, excluding pandemic lockdown months, is the sharpest since the debt crisis in 2012, with worse likely to come,” said Chris Williamson, chief business economist at S&P Global. (read more)

The WEF directed politicians are trying to bring energy demand down to match the energy shortage they have created. The various western government leaders, Biden included, want/need a recession to drop energy demand. The central banks and federal reserve are supporting the policymakers by driving up interest rates into the recession.

The combined effort leads to a shrinking of the global economy.

By lowering the economic activity and forcing their western nations into a joint collaborative and intentional recession, the central planners hope to offset the inflation they created by blocking coal, oil and gas production. By intentionally collapsing demand, the prices of excess non-essential goods will drop; however, there will be no one to purchase those goods at any price because global employment in a global recession is tenuous at best. This is the spiral they are trying to manage.

TOKYO (Reuters) – Japan’s manufacturing activity expanded at the weakest rate in 10 months in July, as pressure from rising prices and supply disruptions hurt output and new orders, suggesting a solid post-pandemic economic recovery is still some way off.

The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) dipped to a seasonally adjusted 52.1 in July from the previous month’s 52.7 final.

That marked the slowest pace of growth since September last year, and was slightly lower than a 52.2 flash reading.

[…] Manufacturing activity suffered from contractions in output and overall new orders as well as a slower expansion in the backlog of work, the PMI survey showed.

[…] But a government official also warned downside risks for output remained as parts supply delays lingered. That is one of many reasons why the Bank of Japan remains resolutely committed to its ultra-low policies despite a global trend of rising interest rates to fight rampant inflation. (more)

It’s incredible how they various western leaders and bankers can still say there is too much demand, when every single economic indicator clearly shows that all consumer purchasing of non-essential goods and services has stopped.

We are seriously looking at a future employment scenario that might be as bad as it was during the economic lockdowns in the pandemic.  This time all of the unemployment will have been created by intentional climate change policy.

These ideologues are seriously disconnected from the pain they are inflicting.

Aug 1 2022

January 6 Committee’s Bombshell Testimony Against Trump!


Awaken With JP Published originally on Rumble on July 2, 2022 

Cassidy Hutchinson provided a bombshell testimony against Trump that will surely put him in jail. Here’s how it went down…

Aug 1 2022

Biden Thinks Americans Received $8K Stimulus Checks


Armstong Economics Blog/Politics Re-Posted Aug 1, 2022 by Martin Armstrong

There are slips of the tongue, but President Biden cannot speak freely without a teleprompter. Every time he goes off script, he embarrasses his country. The president of the free world has no idea what is going on, and his mental health continues to decline publicly. The American Rescue Plan sent a trivial amount of money to Americans making under $75,000 annually at the expense of taxpayers. The government had no way to pay for this $1.9 trillion plan but implemented $1,400 checks on two separate occasions to pacify the people. Joe Biden thinks he provided Americans with $8,000.

Biden believes the public should ignore inflation and feel grateful for the imaginary money. “There’s reason to be down but I started thinking about it … the first year, we were able with the rescue plan, we were able to send them a check for eight grand,” the president said. “I mean a check. Beyond that by the way, there was more than that.” Biden then chimed in about his middle-class experience, which occurred decades ago when the US economy was unrecognizable compared to today. “That’s a lot of money, and so it helped save a lot of people in terms of getting thrown out of their home and rental housing and a whole range of things,” he said. He used the example of someone earning $120,000 receiving the imaginary $8,000 check, despite anyone in that income bracket being ineligible for a stimulus check.

The president cannot remember basic facts about his own policies. Biden belongs in a home for the elderly and senile, not the White House.

Aug 1 2022

Capital Controls in Europe Have Arrived


Armstrong Economics Blog/Tyranny Re-Posted Aug 1, 2022 by Martin Armstrong

COMMENT: Dear Marty,

I was trying to wire money from my bank account in Italy to the one in the UK, just to realise that I can no longer transfer more than 6,000EUR per month.

The Soviet EUSSR is in full capital controls mode. I am missing the beauty of Italy every day, but I am so glad to live in Brexit UK.  Good luck to the old continent.

SB

REPLY: I warned that all my sources were confirming, three very high up, that Europe would quietly impose capital controls on June 30, 2020. That has now taken shape. Europeans and not allowed to send more than 6,000 euros per month to another account outside the EU. Capital has been pouring out of Europe, and they beat not just the war drums but also the Green drums that forewarn of a severe economic decline for Europe.

Even in the United States, we have capital controls in place for a different reason — taxation. You will find it limited to try to wire more than $3,000 to an individual outside the United States. As I reported before, a friend in Singapore found me a service apartment and put down the first month’s rent for me. I sent him a wire, but when I got there, he said he never got it. I called my bank to put a trace on it, and HSBC returned it, saying they would not credit it to that account because they could not verify it was not secretly for me. I had to write him a check. You can wire to a business without a problem, but not to an individual. The hunt for taxes lives.

People have argued with me that I am wrong and it is capitalism that is collapsing. Sorry – socialism has brought us to the very sad end. Politicians can only run bribing voters, saying they will rob the rich to hand it to them. They can no longer borrow endlessly with no intention of paying anything back. That said, they know they will have to default. The question has been HOW?

This is what Schwab’s entire WEF is about. His Great Reset is because socialism is collapsing. I did our Solution Conference in 2015 because I knew what he was advising to world governments. The problem was that his way is that they become dictators, and he is even ending your right to vote. While they call Putin authoritarian, the head of the EU also does not stand for election. They are appointed by EU member politicians. This is what they want — ZERO right of the people to vote. They intend to control what we buy, where we live, and what we are allowed to say. So you can see, in my Solution, we retained democracy, so they were not handed ultimate power. Capital controls are part of this plot to end our freedom.

Aug 1 2022

CNN Finds Two Republicans in Wyoming Who Support Liz Cheney


Posted originally on the conservative tree house on July 31, 2022 | Sundance

July 31, 2022 | Sundance | 116 Comments

The primary race in Wyoming is August 16th, just about two weeks away.  CNN traveled to Wyoming to review the possibility that Republican House Member might lose her primary race.  All signs point to “yes”, she’s going to lose her seat.  However, CNN was able to find two republicans who said they supported Cheney.  WATCH:

https://youtube.com/watch?v=bX5ChF96eLU%3Ffeature%3Doembed