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THIS WEEK’S EDITORIAL
HYPERINFLATION IN LEBANON: Yet another Hyperinflation event is underway. This time the target nation is Lebanon. As in all Hyperinflation events, it is not really about rising prices. It is about currency collapse or, perhaps it is more accurately described as currency confidence collapse — CCC.
A Hyperdeflation in one currency always occurs in tandem with the hyperinflation in the national currency. So Hyper-Deflations and Hyper-Inflations go hand in hand. During Hyperinflation events, the people abandon their local, national currency due to lack of confidence in both the economic future of their nation and their political class. They switch to any readily available alternative currency. So such an alternative currency must already be in circulation as a pre-requisite condition.
And that alternative currency must be generally accepted by the bulk of the people as settlement of daily transactions, especially after confidence collapses. The US Dollar is usually the candidate available to swap into because it is in circulation in many nations and is tolerated (amazingly) by many national governments — presumably due to corruption of the political class at the highest levels. Such events are impossible in nations which control their borders well and who strictly ban the use of alternative currencies.
Some will say — “this is due to excessive money printing”. But that cannot be right. The pre-condition of an alternative currency must always be fulfilled. Let’s look at the world’s champion money printer — Japan – where only the Yen is tolerated.
Their central bank Balance Sheet has increased 7 fold over the last 20 years. Their M1 Money Supply, their M2 Money Supply and M3 have only doubled. Their total of Loans to the Private Sector has only increased by 25 % since 2005 — in 15 years. Their annual growth in bank loans has been moribund.
Thus, you can see that their money supply growth has pretty much come from their central bank over that period and not from commercial bank loan creation or from cash issuance. And, notably, there has been no CPI inflation over the last 20 years with the inflation rate averaging ZERO. There has been no currency collapse either with the Yen averaging around 110 to the US Dollar.
Of course, many Yen have been destroyed in that period with bank loans being paid off. And the population has progressively aged as well while their total GDP has not grown much at all in transaction volumes. All of those circumstances will create dis-inflation (falling CPI inflation rates) or deflation (negative CPI inflation rates).
From this comparison, we can see that money supply, money destruction, demographics and confidence are a complex mix. Sustained high CPI inflation cannot be easily constructed purely by “money printing” and cannot easily morph into a hyperinflation event. A corruptible and/or incompetent political class which tolerates alternative currencies to circulate is perhaps the most essential element.
The dominance of the circulating US Dollar over the national currency is illustrated in this passage from a recent DW article. That dominance is destroying the economy and the nation. QUOTE: “People who have access to US dollars, either from the outside or from the inside through the black market, are able to live a lifestyle beyond their original means,” Bassel Salloukh, a political scientist at the Lebanese American University in Beirut, told DW.”
“However, few people have access to “fresh cash,” or money that hasn’t been invested before, and in Lebanon’s particular case, it also means the transfer of US dollars from abroad. For example, those who rent apartments. The currency is in such high demand that most property owners demand rent in dollars — and that’s forcing many tenants to move out.” UNQUOTE: Source: https://www.dw.com/en/lebanon-dollars-shield-some-from-hyperinflation-crisis/a-58843383
HALT THE MASS VACCINATION PROGRAM: Geert Van Den Bossche is a Vaccinologist — an expert in the world of vaccines and vaccine Development. He has been Head of the German Vaccine Development Office at the German Centre for Infection Research (DZIF) and also Senior Program Officer, Global Health, Vaccine Discovery at the Bill & Melinda Gates Foundation (BMGF). He was also Director, Research Program Leader and Head of Adjuvants for Novartis Vaccines & Diagnostics. And Head of Adjuvant Technologies and Alternative Deliveries, R&D at GlaxoSmithKline Biologicals.
He states that “Mass infection prevention and mass vaccination with leaky Covid-19 vaccines in the midst of the pandemic can only breed highly infectious variants“. In his latest article, also published on his website, he says “This first critical step can only be achieved by calling an immediate halt to the mass vaccination program and replacing it by widespread use of antiviral chemoprophylactics while dedicating massive public health resources to scaling early multidrug treaments of Covid-19 disease.”
And “the ongoing universal mass vaccination program will soon promote dominant propagation of highly infectious, neutralization escape mutants (i.e., so-called ‘S Ab-resistant variants’), naturally acquired, or vaccinal neutralizing Abs, will, indeed, no longer offer any protection to immunized individuals whereas high infectious pressure will continue to suppress the innate immune defense system of the nonvaccinated. “
“There can be no doubt that resistance to vaccinal Abs will be the endpoint of any mass vaccination program that uses modern vaccines during a pandemic of an acute self-limiting viral disease caused by a highly mutable virus. Contrary to live vaccines, vaccines produced by modern vaccine technologies fail to induce sterilizing immunity.“
Abs is short hand for Anti-bodies. Vaccinal Abs means antibodies produced by such vaccines.
Those are chilling statements to anyone closely following the huge campaigns by the mainstream media and many governments to lockdown populations and insist upon mass vaccinations with the new technology mRNA Covid vaccines (never before used on humans) and the Viral Vector alternatives. This article was published by him just last week.
Link: https://www.geertvandenbossche.org/post/c-19-pandemia-quo-vadis-homo-sapiens
and https://www.geertvandenbossche.org/
ISRAEL MUST OPEN MORE HOSPITALS: Despite being the most fully vaccinated nation of size on Earth, Israel is now seeing a worrying surge in Covid Cases. The nation has seen new case numbers skyrocketing in recent weeks from a few dozen a day to over 6,000 last Monday with another 5,755 diagnosed on Tuesday. New case numbers are already at half the levels that were seen in the first and second waves that occurred in September 2020 and in early 2021. Remember that in Septermber 2020, there were ZERO vaccinated.
Israel is about to embark on an urgent effort to expand hospital capacity after being presented with numbers showing that hospitalizations from new Covid Cases are likely to quadruple by mid-September.
It has been reported that they are hiring 100 more doctors, 500 nurses and 200 paramedical and support staff every 10 days to cope with the disease Tsunami coming their way. The new technology vaccines and their mass vaccination campaigns have clearly not provided the protection that was expected. BOOM is not surprised as the Absolute Risk Reduction provided by these vaccines is only in the range 0.7 % – 1.3 %.
From BOOM’s editorial dated 21st March this year —
On 26th February, the peer reviewed medical journal, Medicina, published an article by Dr Ronald Brown from the University of Waterloo, Canada. Dr Brown’s paper, titled “Outcome reporting bias in COVID-19 vaccine clinical trials” is also listed in the U.S. National Library of Medicine of the National Institutes of Health.
“Unreported absolute risk reduction measures of 0.7% and 1.1% for the Pfzier/BioNTech and Moderna vaccines, respectively, are very much lower than the reported relative risk reduction measures. Reporting absolute risk reduction measures is essential to prevent outcome reporting bias in evaluation of COVID-19 vaccine efficacy.”
Dr Brown’s conclusion should rattle the entire planet —
“Such examples of outcome reporting bias mislead and distort the public’s interpretation of COVID-19 mRNA vaccine efficacy and violate the ethical and legal obligations of informed consent.” Source Links: https://www.mdpi.com/1648-9144/57/3/199 and https://pubmed.ncbi.nlm.nih.gov/33652582/
CRYPTO CRIME REPORT: More crime was reported in the world of Crypto during the week with a $ 600 Million heist. Ho Hum — just another day in the Wild Wild West of Crypto. “The size of the theft was comparable to the $530 million in digital coins stolen from Tokyo-based exchange Coincheck in 2018. The Mt. Gox exchange, also based in Tokyo, collapsed in 2014 after losing half a billion dollars in bitcoin.”
In economics, things work until they don’t. Until next week ………… Make your own conclusions, do your own research. BOOM does not offer investment advice.
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Dr Brown’s conclusion should rattle the entire planet —
I’m rattled.
Me too!
This is a shocking report.
And stupid liberal as hell.
FUBAR – nothing extraordinary – normal service has resumed
The notion that Pfizer and Moderna have grossly overstated the ‘success’ of their experimental gene therapy is not news … I remember seeing it reported last autumn at least … possibly earlier.
Point of fact, if you read the original Pfizer investor letter that was passed off as a ‘research report’ in November, 2020 (coincidentally the day AFTER the election even though the results were already finalized), you’d have noticed that the actual numbers of infected people in the 43,000+ test subjects were only in the range of a hundred or so and therefore their ‘success’ rate was totally bogus.
But BigFauci and BigPharma and BigMedia have their agenda … and it has nothing to do with US …
Agreed, but does bear revisiting every now and then to remind some who haven’t been attending.