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THIS WEEK’S EDITORIAL
GEERT VAN DEN BOSSCHE has written a stunning article — THE LAST POST: He is a super expert in vaccine development. Some QUOTES: —
- “… mass vaccination campaigns may have a beneficial short-time effect ….. but will eventually drive the propagation of more infectious variants.”
- “A vaccine that only prevents hospitalizations and severe Covid-19 disease is not good enough to be used to combat a pandemic.”
- “There should be no doubt that non-transmission-blocking vaccines (i.e., so-called ‘leaky’ or ‘imperfect’ vaccines) CAN NEVER EVER CONTROL A PANDEMIC, even though they may temporarily protect against disease.”
- “The mass vaccination hype will undoubtedly enter history as the most reckless experiment in the history of medicine.”
- ” … mass vaccination campaigns during a pandemic of highly infectious variants fail to control viral transmission.”
- “This IRRATIONAL EXPERIMENT will unambiguously highlight the clear-cut limitations of conventional vaccine approaches.”
- ” … the mass vaccination program is nothing else but a big experiment. For how much longer is the public going to believe the treacherous narrative?”
- “Only a mind that has lost its grasp on reality can fail to see how pathetic all this has become …..”
Link: https://www.geertvandenbossche.org/post/the-last-post
His Detailed CV in Vaccinology:
“UNPRECEDENTED GLOBAL FINANCIAL CRISIS” SAYS IMF: The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D.C., consisting of 190 countries working to “foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world”. It was formed in 1944 well before the end of World War Two at the Bretton Woods Conference attended by the alliance of Nations (the “Allies”) opposed to the Axis nations (lead by Nazi Germany, Italy and Japan).
It plays a central role in the management of balance of payments difficulties (trade and capital settlements) and international financial crises. Member countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had a total of SDR 477 billion (about US$667 billion).
IMF funds come from two major sources: quotas and loans. Quotas, which are pooled funds of member nations, generate most of the IMF’s funds. The size of a member nation’s quota (contribution) depends on its economic and financial importance. Nations with greater economic significance have larger quotas — they provide funds to help nations with smaller economies — in essence and ominously, becoming their bankers. The fund quotas are increased periodically as a means of boosting the IMF’s resources in the form of Special Drawing Rights (SDRs).
On 24th August, Ceyla Pazarbasioglu, Director of the Strategy, Policy and Review Department of the IMF made a Podcast to explain the recent release (or “allocation”) of US$ 650 Billion worth of SDR’s from the IMF to its client nations. She explained that there is a current “unprecedented crisis” in the global financial system requiring the allocation of these new SDR’s.
Special Drawing Rights (SDR), established in 1969, are international reserve assets, used as the accounting unit for IMF transactions with its member countries. They can be transferred for use by individual nations into one of five component national currencies.
There are two things to understand here —
- what is a Reserve Asset?
- what (exactly) is an SDR?
What is a “reserve asset”? Answer – in banking terminology, it is a loan from one bank to another. It can be a loan of currencies, commodities (such as gold), or any other financial capital. The loans are made by the IMF to national client central banks. The subsequent funds can then be used to help finance trade settlements, “smooth” foreign exchange fluctuations or can be used to purchase assets. In other words, the IMF will make such loans if there is some international liquidity problem.
The recent issue of US $ 650 Billion worth of SDR’s was done in order to stimulate more global liquidity to assist in global central bank transactions — presumably because of increased demand or because of a (relative) reduced supply of SDR’s. That may be a good thing in response to an increased demand for trade settlements or a bad thing if reflective of central bank hoarding of SDR’s or an inadequacy of SDR’s in some nations. Take your pick.
It is important to remember, however, that $ 650 Billion is a relatively small amount in terms of global trade settlements which amount to about $ 20 Trillion per year (just for goods). To help with the perspective, $ 20 Trillion is 20,000 Billion.
However, $ 650 Billion is a large amount when compared to the previous balance of SDR’s held by the IMF as it represents almost a doubling of that number. Take your pick. In the Global Financial crisis of 2008/2009, an allocation of just US $ 250 Billion was made to help stabilize the global financial system on that occasion.
Ceyla Pazarbasioglu described this recent “allocation” of SDR’s as “unprecedented” and “the largest allocation ever” in response to the “unprecedented ” global crisis caused by the Covid 19 pandemic. She used the word unprecedented twice in her Podcast. To BOOM that seems significant and possibly unprecedented. She also said that “$ 21 Billion will go to low income countries”. Thus, you can assume that the rest will not.
What is an SDR? — Special drawing rights (SDRs) are foreign exchange reserve assets defined and maintained by the IMF. SDRs are units of account for the IMF, and not a currency per se. They represent a claim to currency held by IMF member countries (and for which they may be exchanged).
Thus, an SDR is a unit of account for the IMF and the world’s central banks. It is made up of five currencies — The value of an SDR is calculated from a weighted basket of major currencies, including the U.S. Dollar 41.73%, the Euro 30.93%, Chinese Yuan 10.92%, Japanese Yen 8.33% and British Pound 8.09%. You can clearly see the dominance of the US Dollar and the Euro (arguably a proxy for the US Dollar).
Interestingly, these relative amounts of currencies that make up an SDR do not reflect the foreign currency holdings of global central banks — US Dollar 58 %, Euro 18.8%, Yen 5.3%, Pound 4.14%, Chinese Yuan 1.89 %.
Clearly, there needs to be much more Chinese Yuan held by central banks to allow more trade settlement in Yuan. That will happen eventually as China progressively settles more trade purchases with Yuan and its currency is correspondingly accepted by other nations. Russia and China are now moving down that pathway more and more as the years go by but other nations will soon be asked to do so as well.
China must move more Yuan offshore slowly but surely to better balance central banks’ foreign exchange reserves. Or find a way to create such funds externally via bank loans created externally and denominated in Yuan. This is the next big monetary trend that must take place progressively over the next 50 – 100 years as the US Dollar loses its dominance and becomes more balanced by Yuan.
THE FINANCIAL CRISIS — ALL ABOUT FLOW: What about the “unprecedented” financial “liquidity” crisis? BOOM has often referred to money as water for a garden. The garden is the real economy of goods and services being transacted daily. If the water flow reduces or stops, then the garden will suffer and may even die.
Paradoxically, the current crisis is not caused by lack of money — there is plenty of money — but it is progressively being trapped and cannot flow. It is trapped in the asset exchange economy where money changes hands infrequently but only from one owner to another when a large pre-existent asset is bought and sold. That money is not in daily circulation. It is not liquid in the real economy. This is all made worse by Asset Price Inflation and the fact that almost all of the money supply in western, “advanced” economies is created as a bank loan collateralized against a pre-existent asset. We need much more money created in a different way. That means more CASH created by the sovereign nations. Yes — despite it being unfashionable, more CASH is the answer to the world’s economic woes.
Currently central banks clearly know this and they are creating more money in Quantitative Easing Programs and injecting it into the real economy but via the asset markets (in purchasing bonds and other financial assets). Stupid. Dumb. The new money needs to find its way into the real economy directly. Physical cash would work but is unwieldy and slow. This is where BOOM’s Quantitative Boosting (QB) solution comes to the rescue — a form of electronic money free of interest costs, in national currency and injected straight into the real economy.
QB Explained
https://boomfinanceandeconomics.wordpress.com/2019/12/15/boom-as-at-15th-december-2019/
and BOOM’s Perfect Economy
https://boomfinanceandeconomics.wordpress.com/2020/01/18/boom-as-at-19th-january-2020/
Read all about it in the FULL EDITORIAL …. http://boomfinanceandeconomics.com/
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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The other day, didn’t the Atlanta Federal Reserve bank quietly downgrade the estimated U.s. GDP by 41%?
The last time the GDP dropped that much, it took 4 years, culminating in it’s nadir by March 1933.
This time it’s literally over night. I can imagine that something real big and evil is already happening.
I’m so enraged about the tyranny of the Land of the Free and Home of the Brave, well…I can’t write what I want.
I do believe they lowered the GDP GROWTH for the 3rd quarter. Not the entire GDP value.
The “watering the garden” analogy reminded me of Peter Sellers’ portrayal of Chauncey Gardener in the film “Being There”. If you’ve never seen it I’d highly recommend doing so.
I just finished this paper our of Ireland (someone placed a link on another thread) and so am taking a “screen break.”
You might find it interesting… the sinister implications on the part of Troll Fauci continue to grow.
http://www.zephaniah.eu/index_htm_files/The%20Real%20Story%20of%20HIV%20The%20Deadly%20Virus%20that%20Never%20Dies.pdf
The Geert Vanden Bossche article was posted here yesterday but by the time I got to it, it had already transitioned into that forsaken netherworld called “page 2”, so I kept my thoughts to myself.
Anyway, from G.V.B.’s “last post”:
Which would explain the universal push for the vaccine mandates, wouldn’t it? That is, to eliminate a control group that would allow for a “wake-up” shock among the vaccinated and unvaccinated alike. Right?
Then, after describing a negative consequence of the “vaccination campaigns” as generating more viral variants, Bossche identifies the following adverse consequences, which are pretty disturbing:
And, yet, throughout the entire post, Bossche only mentions ivermectin once and in regards to “confounding” the observation of “viral transmission” in India.
Of course, I’m super suspicious and paranoid because I’ve been hurt so many times before, but I’ll just say there’s something about this guy I don’t trust.
Maybe I’m wrong, but probably not.
Dr. Martin and Dr. McCullough along with Dr.Kory seem legit. Our current and also long-standing dilemma is knowing how to separate the wheat from the chaff and the lies from the truth.
Yep. Amen, Sista.
BTW – In fairness, online contributor Brandon Smith deserves a hat tip for the “control group” speculation. He wrote the following in his July, 2021 article entitled “Why Are Globalists And Governments So Desperate For 100% Vaccination Rates?”:
For me that falls more into this category:
“For every complex problem, there is an explanation that is simple, neat, and wrong.” –slightly modified from H. L. Mencken
One will never get 100.00% vaccinated in a population counting billions (even if just talking “the West.”)
So one can either say ‘OK, 99.9% would probably suffice too, as those others would then just be touted outliers.’
Or one can say:
No, it’s not about the real vaccination rate, but about the perception that the propaganda forms in the vast majority of the population (completely independent from what the true reality is.)
And it is the latter view I tend towards, strongly.
But that also has a positive connotation in it: ‘subversive’ sites such as TBP don’t need to change reality, not even force folks to accept reality, just to open a few peoples’ eyes to take a look at reality!
Then the “cannot unsee” meme applies.
And soon after the propaganda tower of lies comes tumbling down. In freefall. All the way to the ground. Into it’s own footprint. After melting at body temperature.
Read it fast. Then read it a second time, slowly. Still have very little idea what the hell they’re talking about.
If you understand all this, Austrian Peter ….. then I bow down before you in awe. Really. Or, if that smacks of blasphemy, at least tip my hat.
Billions and billions of dollars, coming from … somewhere, grouped and massaged in a gazillion bizarre ways, accomplishing (supposedly) things that even amaze The Almighty. All of it is above my pay grade. It seems like magic to me, really. Digital magic. In a hologram matrix, devoid of all reality.
C’mon, Peter. Fess up! That’s what it really is …. digital bullshit magic.