Dec 212021
 
 December 21, 2021  Posted by at 9:33 am Finance Tagged with: , , , , , , , ,  50 Responses »


Edouard Manet Berthe Morisot with a bouquet of violets 1872

 

Omicron is Not Normal (eugyp)
Omicron Accounted For 73% Of New US Infections Last Week (AP)
No, 73% of US COVID-19 Cases Aren’t Omicron Yet (Prep.)
The Omicron Fake-out (Jim Kunstler)
Fauci’s War on Science: The Smoking Gun (Tucker)
5 Essential Truths About COVID-19 (McCullough)
Pfizer Vaccines Withheld From Vietnamese Children After Deaths & AEs (TSN)
26-Year-Old’s Death From Myocarditis ‘Probably’ Caused by Pfizer Vaccine (CHD)
How Biden Blew It (NR)
Two More House Democrats Not to Run for Reelection, Total Now 23 (CTH)
Alex Jones Sues Pelosi, US Capitol Riot Committee (RT)
It’s Official: Durham Is Investigating The Clinton Campaign (Technofog)

 

 

Massie

 

 

 

 

Biden: “For the unvaccinated, you can expect a winter of death”

DeSantis: “You’re free to get vaccinated or not, but if you get sick either way, you can get monoclonal antibodies to survive. And if you can’t get vaccinated, you can always get Evusheld for protection.”

 

 

Malone Big Bird

 

 

Jordan/Makary

 

 

“The balance of the evidence is that Omicron leaked from a lab engaged in SARS-2 vaccine research.”

Omicron is Not Normal (eugyp)

Omicron is not normal. No immediate progenitors are known; its closest relatives are viruses last seen in early- to mid-2020. The orthodox explanation for this awkward fact, is that it has spent the last 18 months lurking “in a geography with poor genomic surveillance … or … in a chronically infected individual.” The simpler explanation is that it leaked from a laboratory. As el gato malo and others have indicated, evidence is strong that Omicron circulates preferentially in the vaccinated. In all likelihood, it is the result of gain-of-function research, in which SARS-2 was passaged repeatedly through convalescent or vaccinated plasma, in the hopes of helping the virus evade acquired immunity. The purpose of this research would be to anticipate future immune-escape variants that vaccines might target.

Omicron carries a series of highly unlikely and suspicious mutations in its spike protein. It is hard to imagine that these mutations can have arisen via natural processes, because all but one of them are nonsynonymous – that is, they code for different amino acid sequences. Starkly mutated variants favoured by natural selection should have a great many meaningless synonymous mutations as well. Omicron’s ancestors may have spent a significant amount of time adapting to mouse cells, before re-entering human hosts. Omicron appears selected to replicate primarily in the bronchial tract. Deeper in the human lung, it functions far less efficiently than Delta or the first strains from Wuhan. This is probably why it causes mostly mild illness, and it is reminiscent of techniques used to make live attenuated influenza vaccines safer for use in humans.


Such vaccines are cold-adapted, that is, selected to circulate primarily in the cooler upper respiratory tract rather than in the warmer, more vulnerable lungs. The balance of the evidence is that Omicron leaked from a lab engaged in SARS-2 vaccine research. There are many possibilities: It might represent a live, attenuated virus vaccine used informally among researchers, that mutated back to virulence and escaped; it might have been released accidentally; it could even be an attempt to develop a self-spreading vaccine to immunise animals or third world populations.

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“..federal health officials said on Monday..”

Uh, no, they did not.

Omicron Accounted For 73% Of New US Infections Last Week (AP)

Omicron is now the dominant version of the coronavirus in the US, federal health officials said on Monday, racing ahead of Delta and other variants and accounting for 73% of new infections last week. The Centers for Disease Control and Prevention numbers showed nearly a six-fold increase in Omicron’s share of infections in only one week. In much of the country, omicron’s prevalence is even higher. It’s responsible for an estimated 90% of new infections in the New York area, the south-east, the industrial midwest and the Pacific north-west. Since the end of June, the Delta variant has been the main version causing US infections. As recently as the end of November, more than 99.5% of coronaviruses were Delta, according to CDC data.


Scientists in Africa first sounded the alarm about omicron less than a month ago and on 26 November the World Health Organization designated it as a “variant of concern”. The mutant has since shown up in about 90 countries. Much about the omicron variant remains unknown, including whether it causes more or less severe illness. Early studies suggest the vaccinated will need a booster shot for the best chance at preventing omicron infection but even without the extra dose, vaccination still should offer strong protection against severe illness and death. “All of us have a date with Omicron,” said Dr Amesh Adalja, a senior scholar at the Johns Hopkins Center for Health Security. “If you’re going to interact with society, if you’re going to have any type of life, Omicron will be something you encounter, and the best way you can encounter this is to be fully vaccinated.”

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“..No humans at the CDC stood up in front of a podium and announced the 73% number, or wrote a press release. It came from the CDC’s automated COVID data tracker website.”

No, 73% of US COVID-19 Cases Aren’t Omicron Yet (Prep.)

Something extremely odd happened this afternoon. The press, including the New York Times, the Washington Post, CNN, the Wall Street Journal, USA Today, and Axios, reported that the CDC had announced that 73% of US COVID-19 cases were now being caused by the Omicron variant, and major public health gurus like Ashish Jha, Eric Topol, Florian Krammer, Eric Feigl-Ding, and Scott Gottlieb circulated the reports at face value. But that’s not really what’s happening. There was some kind of bug in an automated statistical algorithm at the CDC, known as the variant proportions Nowcast. Omicron isn’t really dominant in most of the USA yet (although all evidence continues to indicate it will be soon). And the bug in Nowcast went from a quiet database update on a quiet CDC web page, to a national press sensation, in a matter of hours.

What actually happened? No humans at the CDC stood up in front of a podium and announced the 73% number, or wrote a press release. It came from the CDC’s automated COVID data tracker website. But it’s also not a statement of hard data, it’s the output of an algorithm called the Nowcast. The Nowcast algorithm is based on the CDC’s variant proportions data. Every week a small percentage of US COVID-19 cases are subjected to genome sequencing, which identifies them by strain. Right now it’s about 3.6%, but it varies by state. The CDC collates this data to produce weekly reports on the prevalence of each variant in each of ten regions of the continental USA. However, the genomic data takes time to generate and process, then get deposited into genomics databanks, then get analyzed by the CDC, so the newest data is about two weeks old at each weekly refresh (today, sixteen days old; the week ending December 4).

To display an estimate of current prevalence, the CDC uses an algorithm it calls a “Nowcast,” to project forward from two weeks ago and give an estimate of current prevalence for different strains. The Nowcast algorithm has been remarkably accurate and useful in the past; I followed it with great interest as Alpha, Gamma, Delta, Mu, and other strains washed across the USA from early 2021 until Delta attained total dominance in the summer. It’s a significant achievement for the CDC, and I celebrate them for it. But something is on the fritz now. In this week’s update, which dropped Monday afternoon, the Nowcast algorithm is presenting results that don’t make sense.

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“..the “Joe Biden” regime’s main chance for retaining any power is to keep the Covid panic going long enough to re-run the mail-in voting scams of 2020..”

The Omicron Fake-out (Jim Kunstler)

Omicron supposedly started in South Africa some weeks ago and Covid deaths there are at an 18-month low. The existing “vaccines” appear to be completely ineffective against omicron, so how is more of that stuff going to help? And then why all the hysteria about vaxxing up the vaxx-resistant? Insofar as the Moderna and Pfizer vaccines present not insignificant risks of harmful-to-fatal side effects, plus being ineffective, what is the prudent bet there? Speaking of which, will the public even be able to discern whether the alleged winter death surge is a result of Covid or of adverse reactions to the vaxxes? My money would be on adverse vaxx events. Why is there absolutely no talk — except in the state of Florida, run by Governor Ron DeSantis — about comprehensive early treatment of Covid?

Why is the CDC not setting up early treatment centers around the USA, where people with symptoms can receive monoclonal antibody infusions and kits of well-known, cheap, safe and effective oral medicines that can be used easily at home to defeat the virus? (Those medicines have been surreptitiously outlawed by our own CDC, you know.) Is it outlandish to suppose that the official “Joe Biden” government objective is to allow as many people to die as possible in order to keep the public terrorized? Meanwhile, they’ve provoked the public to line up for Covid tests using a PCR system so discredited for Covid detection that months ago the CDC scheduled it to go offline on December 31st, (And, uh, why the long time-lag between the decision and the action? Answer: it allows the CDC to falsely jack up case numbers until the year’s bitter end.)

With the apparent defeat of the Build Back Better boondoggle, following a long list of other failures, the “Joe Biden” regime’s main chance for retaining any power is to keep the Covid panic going long enough to re-run the mail-in voting scams of 2020 in the 2022 congressional elections. It’s a weak play, though, since the opposition is fully onto it. And if the Democratic Party loses as many seats in Congress and the Senate as it deserves to lose, not a single piece of their toxic legislation will see daylight until the mastodons come home in the next ice age. Also consider that Democratic Party operatives by the limousine-load will be hauled in to testify before opposition-controlled committees and many of these will be subject to criminal referrals.

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Sunetra Gupta (Oxford), Martin Kulldorff (Harvard), and Jay Bhattacharya (Stanford) are top scientists. Fauci labeled them “fringe epidemiologists”. That’s how much respect he has for science and scientists.

Fauci’s War on Science: The Smoking Gun (Tucker)

Those weeks following the release of the Great Barrington Declaration did feel odd. On the good side, medical doctors, scientists, public health workers, and citizens all over the world were thrilled that three top scholars in fields of public health and epidemiology had spoken out against lockdowns and for a reasoned approach to Covid. They eagerly signed the document. Yes, there were some attempts to sabotage it too, with fake names and so on, which should have been a clue about what was coming. The fakes were deleted in days and new methods of confirming signatures were deployed. The document, on the one hand, said nothing controversial. The right way to deal with this pandemic, it said, was to focus on those who could face severe outcomes from disease – a very plain point and nothing new.

There was nothing to be gained by locking down the whole of society because of a pathogen with such a huge differential in its demographic impact. The virus would have to become endemic in any case (including the realization of “herd immunity,” which is not a “strategy” but a descriptive term widely accepted in epidemiology) and certainly would not be stopped by destroying peoples’ lives and liberties. The hope of the Declaration was simply that journalists would pay attention to a different point of view and a debate would begin on the unprecedented experiment in lockdowns. Perhaps science could prevail, even in this climate. On the bad side, and at the very same time, following the release, the attacks began pouring in, and they were brutal, structured to destroy.

The three main signers – Sunetra Gupta (Oxford), Martin Kulldorff (Harvard), and Jay Bhattacharya (Stanford) – made the statement as a matter of principle. It was also born of frustration with the prevailing narrative. Mostly this declaration was intended as an educational effort. But the authors were being called vicious names and treated like heretics that should be burned. There certainly was no civil debate; quite the contrary. It was all quite shocking given that the Declaration was a statement concerning what almost everyone in these professional circles believed earlier in the year. They were merely stating the consensus based on science and experience. Nothing more.

Even on March 2, 2020, 850 scientists signed a letter to the White House warning against lockdowns, closures, and travel restrictions. It was sponsored by Yale University. Today it reads nearly like a first draft of the Great Barrington Declaration. Indeed on that same day, Fauci wrote to a Washington Post reporter: “The epidemic will gradually decline and stop on its own without a vaccine.” But following the March 13-16, 2020 lockdowns, the orthodoxy had evidently changed. And suddenly. The signers of the GBD had declined to change with it. Thus did they endure astonishingly brutal smears. What felt odd at the time was the sheer intensity of the attacks, as well as their dogmatism and ferocity. These attacks also had a strong political flavor that had little regard for science.

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” I’m calling for an immediate pause, a pause in the public program on Pfizer, Moderna, and Johnson and Johnson, until we can do a deep dive on the safety review.”

5 Essential Truths About COVID-19 (McCullough)

1) COVID-19 is ONLY spread when symptoms are present. “The virus cannot be spread unless someone has symptoms, unless someone’s sick,” McCullough said in an address on December 12. “They cannot spread COVID-19 They’re not contagious. That’s been shown now.” He elaborated: “It’s only symptoms that are related to the spread of illness and there is no asymptomatic spread. So, if there’s no asymptomatic spread, as long as nobody in this arena has symptoms, there will not be a single case that comes out of this auditorium. That is an important principle. Now, that means if you’re sick, if you’re sick, and you’re susceptible to COVID-19, please stay home. If your children are sick and they’re susceptible to COVID-19, that could be the case, stay home.”

2) Asymptomatic testing is not FDA cleared or supported by any regulatory bodies. “Because there’s no asymptomatic spread … we never needed to close down the schools,” McCullough continued. “That means we never needed to wear masks, right, because you can’t spread it asymptomatically. That means that there should be no asymptomatic testing.” McCullough observed the World Health Organization (WHO) has agreed with this assessment since the end of June. “Widespread screening of asymptomatic individuals is not a currently recommended strategy due to the significant costs associated with it and the lack of data on its operational effectiveness,” WHO stated.

3) Natural immunity is robust, complete, and durable–it’s “one and done.” “Once somebody is recovered from COVID-19 It’s one and done,” McCullough emphasized. “It’s one and done. You’re done.”New York Attorney Elizabeth Brehm asked the CDC for “documents reflecting any documented case of an individual who: (1) never received a COVID-19 vaccine; (2) was infected with COVID-19 once, recovered, and then later became infected again; and (3) transmitted SARS-CoV-2 to another person when reinfected.” The response from Roger Andoh at CDC was: “A search of our records failed to reveal any documents pertaining to your request. The CDC Emergency Operations Center (EOC) conveyed that this information is not collected.” “Now the CDC has got 41,000 cases, sadly, of full-blown vaccine failures that resulted in hospitalization and death,” McCullough went on, adding, “41,000 vaccine failures, they don’t have a single failure of natural immunity.”

4) COVID-19 is a treatable illness in high-risk patients with early sequenced multidrug therapy. “The illness is imminently treatable … we can treat COVID-19, and we can actually markedly influence the natural history of the disease by intercepting it early, and those innovations were discovered early in 2020,” McCullough noted. “Everybody should have a COVID-19 survival kit at home,” he stressed. “We should really take charge of this. This viral pandemic is a war. It’s a war and it’s up to us to step up and start to fight this thing.”

5) The genetic COVID-19 vaccines are not sufficiently safe or effective for the public. Vaccine mandates should be dropped, and the vaccine program should be paused for safety review. “I don’t think anybody had a problem with vaccines a year ago. But we now know as they’re broadly used in the general population, like many new products, it has not worked out and we have seen unacceptably high rates of death that occurs after vaccination. About 50% of the deaths that are recorded happen within 48 hours, 80% within a week. “In the U.S. CDC VAERS [Vaccine Adverse Event Reporting System] we have 19,000 deaths, about half of those are domestic,” he observed, adding: “We have 31,000 now that are permanently disabled. That is unacceptable for a medicinal product in the United States.

And it’s unacceptable for our agencies not to review safety for us. And it’s unacceptable for our FDA or CDC or NIH and our White House Task Force. It’s unacceptable for them not to provide a safeguard for our citizens. “Moving forward, the vaccines are not enough to bring us out of the pandemic. I am going to close by calling for, at this point in time, a complete and total ban on any vaccine mandates. I’m calling for an immediate pause, a pause in the public program on Pfizer, Moderna, and Johnson and Johnson, until we can do a deep dive on the safety review.

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A batch?!

Pfizer Vaccines Withheld From Vietnamese Children After Deaths & AEs (TSN)

Pfizer and Moderna vaccines are approved for use on children by the Vietnamese government. Children are divided into three age groups for vaccination: 3-11, 12-15, and 16-17 years old. The Ministry of Health predicted that by the fourth quarter of 2021, 95% of the 8.1 million youngsters aged 12 to 17 would have had two COVID-19 vaccine doses. A girl in Hanoi’s Thuong Tin District died only one day after vaccination in November. The cause of death was Grade IV anaphylaxis, according to the Post-Vaccination Events Expert Panel. Anaphylaxis is a set of symptoms caused by an allergic reaction to a foreign substance. The most severe form of anaphylaxis is Grade IV, which includes respiratory and cardiac collapse. However, it was concluded the case had nothing to do with the quality of the vaccine or vaccination methods.

The Hanoi Department of Health consequently spoke with the Ministry of Health regarding two batches of Pfizer vaccines, no. 124001 and 123002, which had been used to vaccinate students. These two batches were initially printed with an expiry date of November 30, 2021, but had their expiry extended to February 28, 2022. After receiving feedback from parents, Hanoi stopped injecting the two vaccines and consulted the Ministry of Health, the other batches were injected normally,” said Director of the Hanoi Department of Health, Tran Thi Nhi Ha. The Hanoi Department of Health published a press release on December 1 verifying that the Covid-19 vaccine is still being administered to students in Hanoi. TrialSite reports that news media in North America and Europe kept far away from this story.

Mobile injection sites are set up at schools in Thanh Hoa, south of Hanoi in the far northern reaches of this Southeast Asian nation. They primarily provide the COVID-19 vaccination to children in high schools, as well as students in vocational and continuing education institutes. However, more than 120 youngsters were hospitalised in the province for post-injection treatment. The provincial health department has taken steps to prevent injection of the suspect batches of vaccines, according to the international version of the VN Express, a popular online news media owned by FPT Group, the largest information technology service company in Vietnam.

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At least New Zealand reports it.

26-Year-Old’s Death From Myocarditis ‘Probably’ Caused by Pfizer Vaccine (CHD)

Pfizer’s COVID vaccine “probably” caused the death of a healthy 26-year-old man, New Zealand health authorities said Monday. The health officials attributed Rory James Nairn’s death, 12 days after his first COVID shot, to myocarditis. “With the current available information, the board has considered that the myocarditis was probably due to vaccination in this individual,” a COVID-19 Vaccine Independent Safety Monitoring Board said in a statement. Myocarditis is inflammation of the heart muscle that can lead to cardiac arrhythmia and death. It can also result from infections, but more commonly myocarditis is a result of the body’s immune reaction to initial heart damage. Nairn’s death is New Zealand’s second reported death linked to myocarditis.

Health authorities in August reported a woman died from heart inflammation likely due to the vaccine.The board said: “The circumstances of these cases do not impact or change the known information on myocarditis, and the benefits of vaccination with the Pfizer vaccine for COVID-19 continue to greatly outweigh the risk of such rare side effects. “The Board has recommended actions to be taken by the COVID-19 Vaccine and Immunization Program to continue to highlight myocarditis as a very rare side effect of the Pfizer vaccine.” A Pfizer spokesperson said the company was aware of the reported death in New Zealand, and that it monitors all reports of possible adverse events and continues to believe the benefit-risk profile for its vaccine is positive.

Nairn’s fiancée, Ashleigh Wilson, is searching for answers after the “traumatic” ordeal. In a video interview with Chantelle Baker from B-2020, Wilson said her fiancé passed away from what paramedics believe was a heart attack. Wilson said Nairn began experiencing heart palpitations on Nov. 5, the same day he received his first shot but that didn’t recognize the severity of his symptoms. Wilson told the NZ Herald Nairn went into the bathroom as the two were preparing to leave for the hospital. That’s when she heard a thud. “He had fallen, his body was blocking the door, his full weight was against it and I couldn’t get it open,” Wilson said. “I could just see him through a crack in the door, I could see that he was gone.” “I watched him die and I could not get to him,” she said.

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I don’t want to get into US party politics, but this is well written.

How Biden Blew It (NR)

If he had wanted to, President Biden could have fulfilled the promises that he made during his campaign and set himself and his party up for a successful 2022. He could have ignored the hollow passions of Twitter and cable TV, lowered the temperatures that so mar our quotidian politics, and delivered the quiet, limited, competent leadership that he promised during his inconspicuous run for the office. Recognizing that his party enjoyed only the barest of congressional majorities, he could have scaled back his lofty ambitions and ensured that his own focus and the focus of the public at large were as tightly aligned as possible. He could have narrowed his initial COVID bill, eschewing the entreaties to go big and limiting the scope of its relief to the desperate alone.

He could have made the bipartisan infrastructure bill a centerpiece, rather than an afterthought, of his first year. He could have grasped that, because federal power is so limited, his role in fighting the pandemic would be exclusively oratorical. He could have understood that people care deeply about illegal immigration and gotten serious about limiting it, even as he struck a kinder tone. Having realized that inflation was clearly not set to be “transitory,” he could have directed the sum of his efforts toward alleviating it. And, while he was doing all that, he could have paid attention to the details that his job throws up in abundance — particularly in the foreign-policy realm — and thereby avoided the catastrophic withdrawal from Afghanistan that drove a stake through his presidency within six months of his taking his oath.

A little more humility, a greater willingness to say “no,” and a more acute understanding of why he won in the first instance would all have gone a long way. Instead? Well, instead he did precisely none of that. Instead, he ignored all evidence to the contrary and concluded that he was a world-historical figure. Instead, he began talking about “transforming” the country. Instead, he proposed the largest spending program in modern American history. Instead, he sent a welcome message to would-be border-hoppers. Instead, he embraced every ridiculous neologism that progressives saw fit to throw at him: “Latinx,” “BIPOC,” “birthing person,” the lot.

No sooner had Biden won the election, NPR reports, than a bunch of irresponsible voices had begun “flattering him with comparisons to two legendary Democratic presidents of the 20th century — Franklin D. Roosevelt and Lyndon B. Johnson.” And Biden, fool that he is, believed them. In March, Axios confirmed to general derision that Biden was exhibiting a sincere “determination to be one of the most consequential presidents” in American history, and — euphemism alert! — to explore the “elasticity of presidential power.” The correct response to being told that he might be the next FDR would have been to laugh the speaker out of the Oval Office. Instead, flattered, Biden said, “Tell me more.”

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Rats and ships?

Two More House Democrats Not to Run for Reelection, Total Now 23 (CTH)

Representative Lucille Roybal-Allard (D-CA), the powerful chair of an Appropriations subcommittee overseeing immigration issues, becomes the 23rd House Democrat to announce she will not seek reelection in 2022. Roybal-Allard was first elected to the House in 1993 and was going to have a redistricting battle. Additionally: “Rep. Stephanie Murphy (D-Fla.), a leader of the moderate Blue Dog Democrats, announced earlier Monday that she was retiring in 2022 to spend more time with her young children.” Over the weekend, there were also reports Rep. Albio Sires (D-N.J.) plans to retire. The southern border is a mess, and border state Latino Democrats are switching to the Republican Party. Inflation is skyrocketing and will likely continue getting worse through 2022 due to fiscal and monetary policy.

Wage growth (3%) is nowhere near enough to keep up with food inflation (15%+). Making things worse, gas prices have doubled in most areas and will continue to increase into 2022 due to Biden energy policy. The Democrat regulatory environmental programs in coastal areas and ports are continuing to create massive supply chain issues. Home heating costs this winter will be 60 to 70 percent higher due to Biden energy policy. The Joe Biden vaccination mandate is creating a workforce crisis and escalating backlash created by toxic federal overreach. Several blue states (CA, NY, IL) are losing congressional seats due to population losses, while red states are gaining congressional districts due to population growth. Insane spending by Democrats continues without pause or consideration for the inflation they are creating.

The great ideological cleaving between Democrat communists and middle-class Americans continues. Polling indicates there is a major storm on the horizon for Democrats, as their ideological thirst for power is transparent and being rejected. Every single policy the Biden administration touches creates a crap storm of anxiety for the ‘Main Street’ American worker. The only group benefiting from JoeBama policies is the same group that funds them, Wall Street. Making matters worse, the political communists behind the policy execution are brazen in showcasing how the destruction of the American economy is their intent. Now the White House is promising “a winter of severe illness and death for yourselves, your families, and the hospitals you may soon overwhelm.” Not exactly an optimistic message.

Even the New York Times has gone from panic to ‘shock’: “The numbers are even worse for Democrats in the eight states expected to have the closest Senate elections, according to Langer — Arizona, Florida, Georgia, Nevada, New Hampshire, North Carolina, Pennsylvania and Wisconsin. Not only is Biden’s overall job approval rating in those states 33 percent, 10 points lower than it is in the rest of the country, but registered voters in those eight states say they are more likely to vote for Republican House candidates than for Democrats by 23 points (at 58 percent to 35 percent).”

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“Jones claimed that the committee is violating his 1st Amendment rights as a journalist, his 4th Amendment right of privacy in his papers, and his 5th Amendment right against self-incrimination.”

Alex Jones Sues Pelosi, US Capitol Riot Committee (RT)

Shock jock Alex Jones has sued US House Speaker Nancy Pelosi and the congressional committee that’s investigating last January’s US Capitol riot to block the panel from accessing his phone records and forcing him to testify. The lawsuit, which was filed on Monday in US District Court in Washington, alleges that Pelosi and the investigative committee that she appointed are trying to suspend constitutional liberties “in coercive secret proceedings specifically designed to satiate a political witch hunt.” The committee subpoenaed Jones in November, demanding documents related to his role in organizing an election-fraud protest that escalated into the Capitol riot, according to the lawsuit. The panel also ignored the radio host’s constitutional objections, insisting that he testify in Washington on January 10, and it sought to obtain his phone records through AT&T.


“The select committee’s members have made it abundantly clear that they are only interested in prosecuting political adversaries,” the lawsuit said, adding that Jones was put in the “unconscionable position” of facing imprisonment if he exercises his constitutional rights. Jones claimed that the committee is violating his 1st Amendment rights as a journalist, his 4th Amendment right of privacy in his papers, and his 5th Amendment right against self-incrimination. The lawsuit noted that committee chairman US Representative Bennie Thompson (D-Mississippi) showed his disregard for those protections when he suggested in an MSNBC interview earlier this month that invoking the 5th Amendment may show that a witness is “part and parcel guilty to what occurred.”

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“If the Clinton Campaign was being informed of the work by Fusion GPS, what of the likelihood that the Clinton Campaign was informing the work of Fusion GPS?”

It’s Official: Durham Is Investigating The Clinton Campaign (Technofog)

Igor Danchenko, the primary subsource of Christopher Steele, was arrested on November 3, 2021 for giving multiple false statements to federal officials during his 2017 interviews with the FBI. These included lies about Danchenko’s sources, his travels to Russia, and his falsified contacts with Sergei Millian. We laid out Danchenko’s indictment here. Notably, Special Counsel John Durham alleges that one of Danchenko’s real “sources” was Charles Dolan, Jr. (perhaps first identified by Aaron Mate), who served in various leadership positions to elect Bill Clinton in the 1992 and 1996 campaigns and was an advisor to Hillary Clinton in her 2016 campaign for president. With Dolan’s involvement, the obvious question becomes whether he was the intermediary between the Clinton Campaign and Danchenko.

After all, we know that the Hillary Clinton Campaign paid for the Steele dossiers and the work by Fusion GPS. This was arranged through their attorneys (and the DNC attorneys) at Perkins Coie – notably Mark Elias and Michael Sussmann. Elias left the firm this summer. Sussmann was indicted in September 2021 by Special Counsel Durham for giving false statements relating to the Alfa Bank/Trump hoax. It is highly likely that the Clinton Campaign was receiving updates on the Fusion GPS/Christopher Steele work once they were hired by Perkins Coie in the spring of 2016. This is work the client – the Clinton Campaign – paid for. (The sharing of this info would be consistent with the Clinton Campaign – notably Jake Sullivan – receiving backchannel updates on the Alfa Bank hoax.)

If the Clinton Campaign was being informed of the work by Fusion GPS, what of the likelihood that the Clinton Campaign was informing the work of Fusion GPS? It was Clintons’ idea to link Trump and Russia in the first place. And associates of the Clinton Campaign (Sidney Blumenthal) were working to corroborate parts of the dossier. With that in mind, I leave you this bit of information provided by the New York Times in September (emphasis added) suggesting the complicity of the Clinton Campaign: “Some of the questions that Mr. Durham’s team has been asking in recent months — including of witnesses it subpoenaed before a grand jury, according to people familiar with some of the sessions — suggest he has been pursuing a theory that the Clinton campaign used Perkins Coie to submit dubious information to the F.B.I. about Russia and Mr. Trump in an effort to gin up investigative activity to hurt his 2016 campaign.”

Now let’s review what’s going on in Danchenko’s criminal case. He was originally represented by Chris Schafbuch and Mark Schamel. On December 6, 2021, Stuart Sears appeared on behalf of Danchenko. Schafbuch and Schamel dropped out of the case. According to Durham’s latest filing, Stuart Sears is a partner at the law firm Schertler Onorato Mead & Sears. Notably, the firm is currently representing the 2016 “Hillary for America” presidential campaign (the “Clinton Campaign”), as well as multiple former employees of that campaign, in matters before the Special Counsel.”

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V for Vendetta virus

 

 

 

 

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Feb 172021
 
 February 17, 2021  Posted by at 10:12 am Finance Tagged with: , , , , , , , ,  55 Responses »


Gutzon Borglum Repairing the Face of Abraham Lincoln, Mount Rushmore 1962

 

New French Nasal Spray Eliminates 99% Of Covid Virus (CF)
S–t Public Defenders See: The Great Covid-19 Jury Charade (Taibbi)
The False and Exaggerated Claims About the Capitol Riot (Greenwald)
Trump Acquitted (Again), But Trump Hatred Continues (Ron Paul)
Trump Cuts Ties With Giuliani (F.)
Trump Unleashes Scathing Statement Blasting Sen. Mitch McConnell (JTN)
Comey Told Clapper FBI Unable To ‘Sufficiently Corroborate’ Steele (JTN)
New Comey Email Raises More Questions About Steele Dossier (Turley)
Lincoln Project’s Rick Wilson Raised $64G For Anti-Trump Film (Fox)
Is This the Greatest Bubble of All Time? (CHS)
Who Bought the $4.5 Trillion Added in One Year to US National Debt? (WS)
Bayer, US Officials Pressured Mexico To Drop Glyphosate Ban (G.)

 

 

This doesn’t often happen, but it did yesterday.

 

 

Biden said some strange things last night. His comments on China and the Uighurs were very weird.

But even then Trump steals the headlights.

 

 

Problem solved?!

New French Nasal Spray Eliminates 99% Of Covid Virus (CF)

A French pharmaceutical company has developed a nasal spray that it says could eliminate up to 99% of the Covid-19 virus, with the product set to be available to buy within weeks. French group Pharma & Beauty (P&B) has been working on the spray for almost a year. It says that according to several studies it can eliminate 99% of the viral load in nasal passages within 30 seconds and reduce the spread of the virus by up to 90%. The company is set to begin selling the product from March 1. Production is scheduled to begin next week at the P&B site in Montélimar, Drôme; and then in four other P&B factories across France.


Between 1 million-3 million bottles are expected to be available in March, followed by 13 million-15 million each month from April. Each bottle of 30ml is expected to last one month, and will be sold at €14.90 each. A statement on the P&B LinkedIn page reads: “[The spray] prevents viral spread by mechanically dislodging infectious agents in the nasal cavity, and facilitating their evacuation – and locally reduces the viral load.” The spray is 40% ionised water with high antimicrobial properties and 60% purified water.

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Curious consequences: “This left a lot of people who had not even been convicted of a crime but couldn’t afford bail in a purgatory-like state of open-ended detention.

S–t Public Defenders See: The Great Covid-19 Jury Charade (Taibbi)

When the world ground to a halt a year ago thanks to Covid-19, Americans quickly worried over the important questions. Will we still get to go to basketball games? Will McDonald’s only be Drive-Thru now? Do manicurists deliver? The parts of the country that were already out of sight to most receded further from view. Covid-19 struck at the elderly in rest homes, but the population that took perhaps the toughest hit was behind bars. By June, the rate of infection in America’s jails and prisons was seven times that of the general population. By this month, 612,000 cases had been reported in correctional facilities, with at least 2,700 deaths among prisoners and corrections officials.

In news reports, we mostly read that prosecutors and corrections officials were trying to find ways to reduce the risk of disease both in jails and in court, another institution that traditionally required people to congregate indoors. Many districts suspended jury trials indefinitely, a serious problem for those awaiting trial, and one that raised a question: if officials were too worried about the safety of jurors to schedule trials, what did that mean for grand juries? In other words, was the pandemic too dangerous for speedy trial rights, but not dangerous enough to slow indictments? Were there places where jury trials were canceled, but grand juries were not? In some select jurisdictions across the country, the answer appeared — and appears — to be yes.

“It highlights the way in which the pandemic is being used selectively,” says Scott Hechinger of Zealous, a national public defender advocacy organization. “In some places it’s used to perpetuate the system, in some places, to make it worse.” The significance of jury trials is obvious. Defendants have a right to them, and they also have a constitutional right to a speedy trial, i.e. the government is not allowed to charge a person and leave them under suspicion indefinitely. Cases must be adjudicated in a reasonable period of time. In some jurisdictions, the satisfaction of speedy trial rights means getting a defendant to trial within a concrete number of days, though the calculation is often complicated.

During the pandemic, however, jury trials were suspended in many jurisdictions. In some of those places, it was understood that speedy trial rights simply had to be put on hold until officials could, as Donald Trump would say, figure out what the hell is going on. This left a lot of people who had not even been convicted of a crime but couldn’t afford bail in a purgatory-like state of open-ended detention.

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Did they apologize? Or is that not done anymore in 2021?

The False and Exaggerated Claims About the Capitol Riot (Greenwald)

What took place at the Capitol on January 6 was undoubtedly a politically motivated riot. As such, it should not be controversial to regard it as a dangerous episode. Any time force or violence is introduced into what ought to be the peaceful resolution of political conflicts, it should be lamented and condemned. But none of that justifies lying about what happened that day, especially by the news media. Condemning that riot does not allow, let alone require, echoing false claims in order to render the event more menacing and serious than it actually was. There is no circumstance or motive that justifies the dissemination of false claims by journalists. The more consequential the event, the less justified, and more harmful, serial journalistic falsehoods are.

Yet this is exactly what has happened, and continues to happen, since that riot almost seven weeks ago. And anyone who tries to correct these falsehoods is instantly attacked with the cynical accusation that if you want only truthful reporting about what happened, then you’re trying to “minimize” what happened and are likely an apologist for if not a full-fledged supporter of the protesters themselves.

One of the most significant of these falsehoods was the tale — endorsed over and over without any caveats by the media for more than a month — that Capitol Police officer Brian Sicknick was murdered by the pro-Trump mob when they beat him to death with a fire extinguisher. That claim was first published by The New York Times on January 8 in an article headlined “Capitol Police Officer Dies From Injuries in Pro-Trump Rampage.” It cited “two [anonymous] law enforcement officials” to claim that Sicknick died “with the mob rampaging through the halls of Congress” and after he “was struck with a fire extinguisher.” A second New York Times article from later that day — bearing the more dramatic headline: “He Dreamed of Being a Police Officer, Then Was Killed by a Pro-Trump Mob” — elaborated on that story:

After publication of these two articles, this horrifying story about a pro-Trump mob beating a police officer to death with a fire extinguisher was repeated over and over, by multiple journalists on television, in print, and on social media. It became arguably the single most-emphasized and known story of this event, and understandably so — it was a savage and barbaric act that resulted in the harrowing killing by a pro-Trump mob of a young Capitol police officer.


It took on such importance for a clear reason: Sicknick’s death was the only example the media had of the pro-Trump mob deliberately killing anyone. In a January 11 article detailing the five people who died on the day of the Capitol protest, the New York Times again told the Sicknick story: “Law enforcement officials said he had been ‘physically engaging with protesters’ and was struck in the head with a fire extinguisher.”

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“Without the Chief Justice, there was no Constitutional impeachment trial. So they put on a show trial instead.”

Trump Acquitted (Again), But Trump Hatred Continues (Ron Paul)

Last week’s second impeachment trial of former President Trump should serve as a warning that something is very wrong in US politics. Far from a measured, well-investigated, rock-solid case against the former president, America was again abused with day after day of character assassination, innuendo, false claims, and even falsified “evidence.” The trial wasn’t intended to win a conviction of Trump for “incitement” because the Democrats already knew that the votes were not there. So, just as with the last impeachment trial, the goal was to fling as much dirt at Donald Trump as they could while the cameras were rolling. Their hatred of Donald Trump is so deep and visceral that probably a psychologist would have been more beneficial to them than yet another impeachment trial.

It would be incorrect to say that the House managers’ case fell apart, because they had no case to begin with. They never had a case because they made no effort to develop a case. The Chief Justice of the Supreme Court saw from the beginning that this was no legitimate impeachment trial and informed Senate Majority Leader Chuck Schumer that he would not preside. Without the Chief Justice, there was no Constitutional impeachment trial. So they put on a show trial instead. As Constitutional law professor Jonathan Turley kept asking, why didn’t the House schedule a single hearing to investigate what really happened up to and on the day of the Capitol melee on January 6th? They had weeks to do so. Professor Turley believes they might even have been able to make a decent case if they had tried.

Why did they not call witnesses? Were there no rioters who could be called to explain under oath how Trump’s speech had inspired them to enter the Capitol building to overturn the election? Were they afraid that under cross-examination we might have found out more about Trump chief of staff Mark Meadows’ claim that Trump offered to deploy 10,000 National Guard troops in Washington before January 6th but that his offer was rebuked? What about reports that Capitol Hill Police were left without back-up and unprepared for what happened? House and Senate leadership is responsible for security at the Capitol and they obviously failed. Why?

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Can Michael van der Veen handle this one too?

Trump Cuts Ties With Giuliani (F.)

Attorney Rudy Giuliani is “not currently” representing former President Donald Trump “in any legal matters,” Trump advisor Jason Miller said in a statement Tuesday, as the ex-president’s former personal lawyer faces multiple lawsuits against him for his role in Trump’s effort to overturn the presidential election results. Miller’s statement was in response to a lawsuit filed Tuesday against Trump, Giuliani and two far-right groups, which alleges the president and his lawyer violated the Ku Klux Klan Act in their attempt to stop the election results from being certified by Congress. Giuliani served as Trump’s personal attorney throughout his presidency and most recently helmed the president’s unsuccessful attempt to challenge the election results in court, including appearing on Trump’s behalf in a Pennsylvania case.


The former mayor said he did not represent Trump in his Senate impeachment trial—despite a willingness to do so—because he was a “witness” in the case and gave a speech at the rally that preceded Trump supporters’ seizure of the U.S. Capitol building. Giuliani has been sued for defamation twice in recent weeks for spreading unsubstantiated election fraud claims involving voting machines from Dominion Voting Systems and Smartmatic. He is also reportedly under federal investigation by the Southern District of New York for his business dealings in Ukraine, and an ethics complaint has been filed that seeks to disbar Giuliani in New York.

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Power struggle: “Mitch is a dour, sullen, and unsmiling political hack..”

Trump Unleashes Scathing Statement Blasting Sen. Mitch McConnell (JTN)

Former President Donald Trump issued a scathing statement on Tuesday in which he excoriated Senate Minority Leader Mitch McConnell. “The Republican Party can never again be respected or strong with political ‘leaders’ like Sen. Mitch McConnell at its helm,” Trump said in the fiery statement. “McConnell’s dedication to business as usual, status quo policies, together with his lack of political insight, wisdom, skill, and personality, has rapidly driven him from Majority Leader to Minority Leader, and it will only get worse. The Democrats and Chuck Schumer play McConnell like a fiddle—they’ve never had it so good—and they want to keep it that way! We know our America First agenda is a winner, not McConnell’s Beltway First agenda or Biden’s America Last.”

“Mitch is a dour, sullen, and unsmiling political hack, and if Republican Senators are going to stay with him, they will not win again,” the former president said elsewhere in his statement. “He will never do what needs to be done, or what is right for our Country. Where necessary and appropriate, I will back primary rivals who espouse Making America Great Again and our policy of America First. We want brilliant, strong, thoughtful, and compassionate leadership.” The nation’s 45th commander-in-chief also attacked Republicans Georgia Gov. Brian Kemp and the Peach State’s GOP Secretary of State Brad Raffensperger in the statement.

“Many Republicans in Georgia voted Democrat, or just didn’t vote, because of their anguish at their inept Governor, Brian Kemp, Secretary of State Brad Raffensperger, and the Republican Party, for not doing its job on Election Integrity during the 2020 Presidential race,” Trump said. “It was a complete election disaster in Georgia, and certain other swing states. McConnell did nothing, and will never do what needs to be done in order to secure a fair and just electoral system into the future. He doesn’t have what it takes, never did, and never will,” Trump declared.

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In a functioning society, there would be an investigation.

Comey Told Clapper FBI Unable To ‘Sufficiently Corroborate’ Steele (JTN)

The very day in January 2017 that then-FBI Director James Comey signed a FISA surveillance warrant application declaring content from Christopher Steele’s dossier had been “verified,” he wrote President Obama’s outgoing intelligence community chief with a very different assessment of the British spy’s intelligence on Russia collusion, a newly released memo shows. “We are not able to sufficiently corroborate the reporting,” Comey wrote in a Jan. 12, 2017 email to then-Director of National Intelligence James Clapper that was declassified and made public through an open records lawsuit by the Southeastern Legal Foundation. The memo recounts an internal debate inside the U.S. intelligence community during one of the most delicate moments in the FBI’s then six-month old Crossfire Hurricane probe.

CIA officials had already informed Comey’s FBI that the target of the FISA warrant, Carter Page, wasn’t a Russian spy but rather an asset helping U.S. intelligence. The bureau had received warnings about Steele and the reliability of his source network, including that it might have been compromised by Russian disinformation. Agents had also just recommended on Jan. 4, 2017 shutting down the probe’s inquiry into incoming National Security Adviser Michael Flynn for lack of evidence. The FBI had been warned the previous summer that Hillary Clinton’s campaign may have planted the false Russia collusion story as a way to “vilify” Trump and distract from her email scandal, and agents were about to interview Steele’s primary sub-source, who would discount much of the information in the dossier attributed to him as bar talk and unconfirmed rumor not worthy of official intelligence.

And the larger intelligence community had decided it did not want to vouch for the Steele dossier in its official Intelligence Community Assessment about Russian meddling in the 2016 U.S. election. It was in that environment in the final days of the Obama administration that Clapper had written Comey earlier on Jan. 12, 2017 to inform the FBI that Clapper had decided to release a public statement declaring that the Steele dossier was only mentioned in an appendix to the intel community’s report because the “IC has not made any judgment that the information in the document is reliable.” Comey tried to push back, suggesting Steele was deemed reliable (he actually had been terminated by the FBI for leaking by that time) and that his network included sources that might be in a position to know things (although the key source had already disavowed the information attributed to him in the dossier).

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“Comey signed a statement to the secret court that the information was “verified” on the same day that he admitted to Clapper that “We are not able to sufficiently corroborate the reporting.”

New Comey Email Raises More Questions About Steele Dossier (Turley)

Justthenews has released a previously undisclosed email from former FBI Director James Comey that raises additional questions about his role in using the now discredited Steele dossier as part of the FBI Russian investigation. The email on Jan. 12, 2017 email to then-Director of National Intelligence James Clapper falsely claims that Christopher Steele was found to be “reliable” but then states that the FBI could not “sufficiently corroborate the reporting.” The email went out the same day that Comey signed a FISA surveillance warrant application declaring that content from Christopher Steele’s dossier had been “verified.” We are still waiting for the results of the John Durham investigation but this email raised additional questions about Comey’s role.

Comey has testified that he would not have approved such surveillance if he knew then what he knew now about the Steele dossier. Comey signed a statement to the secret court that the information was “verified” on the same day that he admitted to Clapper that “We are not able to sufficiently corroborate the reporting.” Yet, he also did not tell Clapper what the FBI had already knew about Steele and Carter Page. While Comey later insisted that he was unaware of basic information, he was signing applications for secret surveillance and advising Clapper without either confirming or disclosing information. The CIA had already told the FBI that Page was a U.S. intelligence asset, not a Russian spy. It had also been warned that Hillary Clinton’s campaign was trying to plant a false Russian collusion story in the media.(The Clinton campaign and its attorney Marc Elias had reportedly denied that the campaign funded the dossier until after the election)

It was also told that Steele’s primary source was a suspected Russian agent and that is network was compromised by Russian intelligence. Steele had also been reportedly terminated by the FBI as a source because of his efforts to plant stories in the media. Comey mentioned none of this and instead cautioned Clapper against a statement saying that there was no judgment on the reliability of the Steele dossier. He was opposed to a public statement declaring that the Steele dossier was only mentioned in an appendix to the intel community’s report because the “IC has not made any judgment that the information in the document is reliable.” Comey insisted her was reliable:

“I just had a chance to review the proposed talking points on this for today. Perhaps it is a nit, but I worry that it may not be best to say ‘the IC has not made any judgment that the information in the document is reliable.’ I say that because we HAVE concluded that the source is reliable and has a track record with us of reporting reliable information; we have some visibility into his source network, some of which we have determined to be sub-sources in a position to report on such things; and much of what he reports in the current document is consistent with and corroborative of other reporting included in the body of the main IC report.” So Comey worked to preserve the public narrative in support of the Steele dossier, which was being widely disseminated and fueled what was later found to be an unsupported conspiracy theory. He did so while admitting later “That said, we are not able to sufficiently corroborate the reporting to include it in the body of the report.”

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“The GoFundMe page initially claimed the feature-length documentary would premiere in January 2018.”

Lincoln Project’s Rick Wilson Raised $64G For Anti-Trump Film (Fox)

Rick Wilson, co-founder of the anti-Trump Lincoln Project PAC, raised nearly $65,000 for a film called “Everything Trump Touches Dies” that has yet to be released. Wilson raised $64,766 from around 1,400 donors for the film – based on his book under the same title – on the crowdfunding platform GoFundMe, though donations have since been paused for the project. The GoFundMe page initially claimed the feature-length documentary would premiere in January 2018. But a January 2018 update from Wilson said filmmakers were still working on its “first round of interviews” and asked people to give more money to the project.

“Team Trump won’t like this, but we’re in the home stretch in this fundraising effort for [the film],” Wilson wrote. “Your support is more vital and appreciated than ever.”Wilson provided no updates for nearly two months, when he said in March 2018 that the film was in “final production” and again asked for more money. Nearly a year later in February 2019, Wilson insisted that the project was “still happening” and that he needed to “expand the scope of the project to truly tell the story.” “We will endeavor to keep our community more informed as the project goes forward,” he wrote, but no update has been posted to the page since then. [..] Ben Howe, who is listed as the project’s director and producer, told Fox News Tuesday that the film is still in production.

“Delays have caused issues, the primary one in the last year being the difficulty of filming the remaining interviews with location shooting being so limited due to quarantine,” Howe said, “An issue that’s affecting filming across all film-related industries – including Hollywood – so certainly not limited to this.” “The issue now is that, in almost every way imaginable, the world looks very different than when Rick first asked me to direct,” Howe continued. “So, what an interviewee might’ve offered as analysis at the end of 2019 is almost certainly different today and that has to be accommodated for the film to offer any value.”

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GBOAT.

Is This the Greatest Bubble of All Time? (CHS)

[..] what’s the greatest bubble of all time (GBOAT)? The easiest way to measure speculative bubbles is the starting price and the peak price, but that may not do justice to the question. Perhaps the number of people drawn into the speculative frenzy is a better measure of GBOAT: after all, if only a handful of speculators lose their shirts, how that can be the greatest bubble of all time? To even qualify, a bubble must drawn the masses into the euphoria and then slaughter them as mercilessly as Hammurabi massacred the goat profiteers. Another qualifying factor is the scale of disconnect from reality. Even if you overpaid for a goat in a speculative mania, at least you can still milk the goat and make cheese. But tulips, which drove the remarkably excessive speculative Tulip Mania in 1636 Holland, are not even edible.

At least tulips offer a bit of beauty in a world besmirched by speculative ugliness, but the shares of the South Seas Company that sucked in the best and brightest in 1720 Britain and proceeded to lay waste to their wealth did not even have that saving grace. Another qualifying factor is the power of the delusion driving the bubble. To qualify as a contender for GBOAT, the mania has to be utterly convincing and persuasive to everyone involved. In other words, it isn’t even speculation to invest all your money in the bubble, it’s simply common sense due to the dead certainty of the proposition fueling the mania.

The 1999-2000 Dot-Com Bubble is a good example of the universality of belief in the obviousness of the gains to be reaped: the Internet was changing the world and would expand for decades, so obviously the companies involved would grow for decades, too, as would their profits (obviously!). The chart of the dot-com bubble offers a textbook example of how a bubble gathers momentum, spikes to insane heights, falters as the smart money exits but soars to a lower high as true believers buy the dip. Once the buying is exhausted, the bubble collapses back to its starting level.

But not all bubbles follow this trajectory. Here is a current chart of IWM, the Russell 2000 index, courtesy of NorthmanTrader.com. (I added the black box and the red line in the center panel to indicate the previous bubble top.) The violence and amplitude of this speculative mania over the past year makes the dot-com bubble appear quaintly staid in comparison.

So let’s make the case that we’re experiencing the greatest bubble of all time in real time. The magnitude of the price movement is extreme: check. The number of people sucked into the mania is extreme: check. The power of the delusion is extreme: check. (The Fed will print trillions forever, federal government will borrow and blow trillions forever, the world is about to enter Roaring 20s, technology is changing the world, etc. etc. etc.) The gains to be reaped are extremely obvious: check.

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Much more in the article.

Who Bought the $4.5 Trillion Added in One Year to US National Debt? (WS)

Driven by stimulus and bailouts, and fired up by the tax cuts and by grease and pork, the Incredibly Spiking US National Debt has skyrocketed by $4.55 trillion in 12 months, to $27.86 trillion, after having already spiked by $1.4 trillion in the prior 12 months, which had been the Good Times. These trillions are all Treasury securities that form the US national debt, and someone had to buy every single one of these securities:

So we’ll piece together who bought those trillions of dollars in Treasury Securities that have whooshed by over the past 12 months. Tuesday afternoon, the Treasury Department released the Treasury International Capital data through December 31 which shows the foreign holders of the US debt. From the Fed’s balance sheet, we can see what the Fed bought. From the Federal Reserve Board of Governors bank balance-sheet data, we can see what the banks bought. And from the Treasury Department’s data on Treasury securities, we can see what US government entities bought. In the fourth quarter, foreign central banks, foreign government entities, and foreign private-sector entities such as companies, banks, bond funds, and individuals, reduced their holdings by $35 billion from the third quarter, to $7.04 trillion. This was still up from a year ago by $192 billion (blue line, right scale in the chart below). But their share of the Incredibly Spiking US National Debt fell to 25.4%, the lowest since 2007 (red line, right scale):

Japan (blue line), the largest foreign creditor of the US, reduced its holdings in Q4 by $20 billion, to $1.26 trillion. But compared to a year earlier, its holdings were still up by $102 billion. China (red line) continued on trend, gradually reducing its holdings. In Q4, its holdings ticked down just a tad, and over the 12-month period fell by $8 billion, to $1.06 trillion:

[..] All these holders of the monstrous US Treasury debt, combined into one mountain, and color-coded for your amusement by category of holder as of December 31:

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Go AMLO!

Bayer, US Officials Pressured Mexico To Drop Glyphosate Ban (G.)

Internal government emails reveal Monsanto owner Bayer AG and industry lobbyist CropLife America have been working closely with US officials to pressure Mexico into abandoning its intended ban on glyphosate, a pesticide linked to cancer that is the key ingredient in Monsanto’s Roundup weed killers. The moves to protect glyphosate shipments to Mexico have played out over the last 18 months, a period in which Bayer was negotiating an $11bn settlement of legal claims brought by people in the US who say they developed non-Hodgkin lymphoma due to exposure to the company’s glyphosate-based products.

The pressure on Mexico is similar to actions Bayer and chemical industry lobbyists took to kill a glyphosate ban planned by Thailand in 2019. Thailand officials had also cited concerns for public health in seeking to ban the weed killer, but reversed course after US threats about trade disruption. So far the collaborative campaign to get the Mexican government to reverse its policy does not appear to be working.

The Mexican president Andres Manuel Lopez Obrador has given farmers until 2024 to stop using glyphosate. On 31 December, the country published a “final decree” calling not only for the end of the use of glyphosate but also a phase-out of the planting and consumption of genetically engineered corn, which farmers often spray with glyphosate, a practice that often leaves residues of the pesticide in finished food products. The moves are for the “purpose of contributing to food security and sovereignty” and “the health of Mexican men and women”, according to the Mexican government. But Mexico’s concern for the health of its citizens has triggered fear in the United States for the health of agricultural exports, especially Bayer’s glyphosate products.

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