UK ONS admits their data is flawed; the vaccines may not be beneficial after all. Sorry about that.

Guest Post by Steve Kirsch

The UK ONS admitted that the misinformation spreaders got it right and their stats are wrong. Which means that the COVID vaccine might not be helpful after all.

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Executive summary

Norman Fenton, Martin Neil, Clare Craig and Scott McLachlan authored a letter to the UK Office of National Statistics (ONS) pointing out serious flaws in their data. These flaws would make the unvaccinated look worse than they really are.

The regulator agreed they were right.

[Editor’s note: An honest regulator is a rarity. This would NEVER happen in the US.]

Bottom line: The UK government can’t prove the vaccines work. Nobody else can use their data to prove that the vaccines work. But we can use the data to prove the vaccines don’t work. Stay tuned…

Continue reading “UK ONS admits their data is flawed; the vaccines may not be beneficial after all. Sorry about that.”

COVID-19 puts spotlight on science — but scientists often lie

Via The Washington Times

White House coronavirus response coordinator Dr. Deborah Birx listens as director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci speaks during a meeting between President Donald Trump and Gov. John Bel Edwards, D-La., about the coronavirus response, in the Oval Office of the White House, Wednesday, April 29, 2020, in Washington. (AP Photo/Evan Vucci)

We can beat COVID-19 — just trust the science, we’re told. Trust in the scientists, we’re told. And that’s not a paraphrase.

“From the Editors: We Can Beat COVID-19. Just Trust Science,” Wired wrote.

Well and good. Fine and dandy. But fact is, scientists often lie. Science isn’t always the beacon toward truth. It’s not just frequently flawed; it’s frequently deceptive. And purposely so.

So tossing citizens’ civil rights into the sea and allowing medical professionals and scientists to steer the COVID-19 boat may not be the best case scenario for a free America.

Continue reading “COVID-19 puts spotlight on science — but scientists often lie”

Why Your Gasoline Won’t Take You As Far As It Used To

Authored by Robert Rapier via OilPrice.com,

Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the poster linked to data from the Energy Information Administration (EIA) that I hadn’t previously seen.

The EIA doesn’t directly tabulate the energy content of gasoline. But they do provide two pieces of data that let us calculate it ourselves from two relevant tables in the April 2019 Monthly Energy Review.

Table 3.5 provides Petroleum Products Supplied by Type in thousands of barrels per day, while Table 3.6 provides Heat Content of Petroleum Products Supplied by Type in trillion Btus per year.

From the annual numbers, doing the appropriate conversions (which includes accounting for leap years) provides the energy content of gasoline, in BTUs per gallon, since 1949. What we find is that the EIA reported a constant energy content of gasoline from 1949 to 1992 of 125,071 Btu/gallon. I have always typically used 125,000 Btu/gal as the standard value for gasoline.

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QUOTES OF THE DAY

“OMB Director Mulvaney cites a record high in gov’t revenue. True, revenues hit a high in nominal terms over FY18, growing 0.4% Y/Y, However after adjusting for inflation, growth actually fell by 1.6%”.

Steve Rattner

“Non Farm Payrolls puffed up all year, major negative adjustment to come later. For most Americans this is not a strong economy, regardless of what Fed or Administration says. When the jobs data is benchmarked to the tax data in February, there will be a massive downward revision.

I just ran the October withholding, and there is no way that this number is correct. Withholding was extremely weak. Bureau of Labor Statistics overstating gains all year.”

Lee Adler, Capital Stool

“Thanks [Lee] for the insight on the inconsistency of NFP with payroll withholding. I was about to have a quick look at tax receipts but you saved me from that task. As for avg wages rising I expect much wage gains concentration in top 10% (supervisory), similarly for per capita incomes… [for a truer picture look at median numbers especially in times of record income disparity]

BLS says 250,000 jobs created. Zero attention to how number compiled. BLS number helped each month by “birth-death” ESTIMATE to account for unknown business shutdowns and startups. Guess what? The Birth-death estimate this time was +246,000. Good NFP before midterms.”

Harald Malmgren

“Going Broke Faster” – Economic Numbers Are Less Than Meets The Eye

Authored by James Rickards via The Daily Reckoning,

Investors can be forgiven for thinking they hit the trifecta last Friday.

The U.S. Bureau of Labor Statistics reported that unemployment had dropped to 3.9%, the lowest in almost 20 years.

The Federal Reserve Bank of Atlanta reported that its widely followed GDP forecasting tool was showing projected growth for the second quarter of 2018 at 4%, exactly where Trump boosters like Larry Kudlow said it would be.

Finally, the Dow Jones industrial average rallied 332 points (1.39%), partly in response to the other good news. It was almost enough to make a trader sing, “Happy days are here again.”

Continue reading ““Going Broke Faster” – Economic Numbers Are Less Than Meets The Eye”

BULL IN A CHINA SHOP

“So the modern world may be increasing in technological knowledge, but, paradoxically, it is making things a lot more unpredictable.”Nassim Nicholas Taleb, Antifragile: Things That Gain From Disorder

“Success brings an asymmetry: you now have a lot more to lose than to gain. You are hence fragile.”Nassim Nicholas Taleb, Antifragile: Things That Gain From Disorder

I had read Nassim Taleb’s other best-selling tomes about risk, randomness and black swans – Fooled by Randomness & The Black Swan. They were not easy reads, but they were must reads. He is clearly a brilliant thinker, but I like him more because he is a prickly skeptic who scorns and ridicules academics, politicians, and Wall Street scumbags with gusto. There were many passages which baffled me, but so many nuggets of wisdom throughout each book, you couldn’t put them down.

When his Antifragile book was published in 2012, the name intimidated me. I figured it was too intellectual for my tastes. When I saw it on the shelf in my favorite used book store at the beach, I figured it was worth a read for $9. I’m plowing through it and I haven’t been disappointed.

His main themes are more pertinent today than they were in 2012. He published The Black Swan in 2007, just prior to one of the biggest black swans in world history – the 2008 Federal Reserve/Wall Street created financial collapse. His disdain for “experts” like Bernanke, Paulson, and Wall Street CEOs, and their inability to comprehend the consequences of their actions and in-actions as the financial system was blown sky high, was a bulls-eye.

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STUPID IS AS STUPID DOES

If you prefer fake news, fake data, and a fake narrative about an improving economy and stock market headed to 30,000, don’t read this fact based, reality check article. The level of stupidity engulfing the country has reached epic proportions, as the mainstream fake news networks flog bullshit Russian conspiracy stories, knowing at least 50% of the non-thinking iGadget distracted public believes anything they hear on the boob tube.

This stupendous degree of utter stupidity goes to a new level of idiocy when it comes to the stock market. The rigged fleecing machine known as Wall Street has gone into hyper-drive since futures dropped by 700 points on the night of Trump’s election. An already extremely overvalued market, as measured by every historically accurate valuation metric, soared by 4,000 points from that futures low – over 20% – to an all-time high. Despite dozens of warning signs and the experience of two 40% to 50% crashes in the last fifteen years, lemming like investors are confident the future is so bright they gotta wear shades.

The current bull market is the 2nd longest in history at 8 years. In March of 2009, the S&P 500 bottomed at a fitting level for Wall Street of 666. In a shocking coincidence, it bottomed on the same day Bernanke & Geithner forced the FASB to rollover like mangy dogs and stop enforcing mark to market accounting. Amazingly, when Wall Street banks, along with Fannie and Freddie, could value their toxic assets at whatever they chose, profits surged. The market is now 240% higher.

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WHAT THE HELL IS GOING ON? (PART THREE)

In Part One and Part Two of this article I revealed how the Deep State’s fake data and fake news propaganda machine can be overcome by opening your eyes, observing reality, understanding how Fed created inflation has destroyed our lives, and why the election of Trump was the initial deplorable pushback to Deep State evil.

“The notion that a radical is one who hates his country is naïve and usually idiotic. He is, more likely, one who likes his country more than the rest of us, and is thus more disturbed than the rest of us when he sees it debauched. He is not a bad citizen turning to crime; he is a good citizen driven to despair.”H.L. Mencken

“This new regime will enthrone itself for the duration of the Crisis. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Where leaders had once been inclined to alleviate societal pressures, they will now aggravate them to command the nation’s attention. The regeneracy will be solidly under way.” – The Fourth Turning – Strauss & Howe

We are now seven weeks into the Trump presidency and it seems like seven years with amount of incidents that have occurred before and since his inauguration. When in doubt, Trump’s brain dead, hyperventilating with hate, opponents either blame the Russians or declare him Hitler. The histrionics displayed by the low IQ hypocritical Hollywood elite, corrupt Democratic politicians, fake news liberal media and Soros paid left wing radical terrorists over the last two months has been disgraceful, revolting, childish, and dangerous.

Continue reading “WHAT THE HELL IS GOING ON? (PART THREE)”

WHAT THE HELL IS GOING ON? (PART TWO)

In Part One of this article I exposed the establishment narrative of a strong economy as rubbish by providing hard data regarding imploding gasoline usage, failing bricks and mortar retailers and plunging restaurant sales.

“Inflation may indeed bring benefits for a short time to favored groups, but only at the expense of others. And in the long run it brings ruinous consequences to the whole community. Even a relatively mild inflation distorts the structure of production. It leads to the overexpansion of some industries at the expense of others. This involves a misapplication and waste of capital. When the inflation collapses, or is brought to a halt, the misdirected capital investment—whether in the form of machines, factories or office buildings—cannot yield an adequate return and loses the greater part of its value.Nor is it possible to bring inflation to a smooth and gentle stop, and so avert a subsequent depression.” – Henry Hazlitt – Economics in One Lesson

Inflation is the opium of the masses. The establishment’s interest in dumbing down the masses through government controlled public school indoctrination couldn’t be clearer than examining the chart below. The average non-thinking, math challenged, iGadget distracted, media controlled pawn thinks their household income has risen by $6,000 since 2008 because they have no understanding of Fed created inflation.

Continue reading “WHAT THE HELL IS GOING ON? (PART TWO)”

Can Truth Prevail?

Guest Post by Paul Craig Roberts

According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction. Yet, US manufacturing output and US industrial production have not recovered to their pre-contraction high.

So what is driving the real GDP growth? In my opinion, the rise in real GDP is an illusion produced by the under-measurement of inflation.

As I have reported on many occasions, John Williams of shadowstats.com has concluded that changes in the way that the government approaches the measurement of inflation has, in effect, defined inflation away.

Formerly, if a price of an item in an inflation measure rose, the inflation rate would rise by the price times the weight of the item in the index. Today, if a price of an item in an inflation measure rises, that item is removed from the index, and a lower cost item substituted in its place.

A second way that government has contrived in order to undermeasure inflation is to declare price rises “quality improvements” and not count the higher price as inflation.

Continue reading “Can Truth Prevail?”

Global Warming Scandal Heating Up

Via Judicial Watch

(Washington, DC) – Judicial Watch announced today that it filed a lawsuit on December 2, 2015, in the U.S. District Court for the District of Columbia seeking records of communications from National Oceanographic and Atmospheric Administration (NOAA) officials regarding methodology for collecting and interpreting data used in climate models (Judicial Watch v. U.S. Department of Commerce (No 1:15-cv-02088)). The lawsuit sought the same documents unsuccessfully subpoenaed by a House committee.  Less than week after Judicial Watch served its lawsuit on NOAA, the agency finally turned over the targeted documents to Congress.

Judicial Watch sued the Department of Commerce after the agency failed to respond to a Freedom of Information Act (FOIA) request submitted on October 30, 2015 – NOAA is a component of the Department of Commerce.  The timeframe for the requested records is October 30, 2014, through October 30, 2015, and requests all documents and records of communications between NOAA officials, employees, and contractors regarding:

  • The methodology and utilization of night marine air temperatures to adjust ship and buoy temperature data;
  • The use of other global temperature datasets for both NOAA’s in-house dataset improvements and monthly press releases conveying information to the public about global temperatures;
  • The utilization and consideration of satellite bulk atmospheric temperature readings for use in global temperature datasets; and
  • A subpoena issued for the aforementioned information by Congressman Lamar Smith on October 13, 2015.

Continue reading “Global Warming Scandal Heating Up”

WHAT IS YOUR HEALTH INSURANCE INFLATION?

It is that time of year again. It’s open enrollment at my employer for health insurance options. I have the cheapest family coverage option – Keystone HMO. We go through all the red tape of primary care physicians, referrals, co-pays and deductibles. I consider myself lucky because my employer picks up about 80% of the total premium cost. They are the largest employer in Philadelphia, so they have major leverage in pricing negotiations with the health insurance companies. Despite this leverage, my premiums will be going up by 9.2% in the coming year. This is after a 12.1% increase last year. And this is just the premium side. Two years ago we had no individual or family deductibles. Now they are over $1,000. Therefore, my true annual cost is up by 20% per year.

Obamacare was passed in 2009. It immediately forced employers to cover kids up to the age of 26. Ever since my premiums have gone up by double digits every year, my co-pay went from $15 to $35, and they introduced deductibles. Obama sold Obamacare as reducing the average family insurance premiums by $2,500 per year. I guess I’m not from an average family.

Now the good part. The CPI is supposed to reflect the inflation rate of a dozens of living expenses. It weights Medical Care as only 7.7% of the total of your expenses. Hysterically, it weights Health Insurance as .753% of your total expenses. The ridiculousness of these weightings is astounding. A household with median income of $52,000 has medical care expenses accounting for at least 15% of their total expenses. Health insurance premiums alone are easily 8% or more. Even with my employer picking up 80% of the premiums, my portion is about 4% of my total expenses and my medical care expenses surpass 10% of my total expenses. The government is purposely under-weighting these expenses to falsify the inflation figures.

It gets even better. Your government keepers have the balls to tell you that health insurance costs actually FELL by 0.4% in the last 12 months, while medical care expenses only rose by 2.5%. The data from the beginning of 2010 (when Obamacare became law) to now is breathtaking in its falsity. According to the BLS here is the rate of inflation for these categories since January 2010:

Health Insurance – 12.6% (2.3% annual increase)

Medical Care – 15.9% (2.9% annual increase)

Do you think Humana, United Health, and Cigna are reaping massive profits with 2.3% annual premium increases? This data is an outright joke. My health insurance premiums are up by over 65% since 2010. My medical care expenses are up over 75% since 2010. I guess the government is comfortable with lying to the American people because they know they are apathetic, math challenged and distracted by their iGadgets.

What is your health insurance inflation?