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THIS WEEK’S EDITORIAL
DENIAL IS NOT A LONG RIVER — UNITED STATES ECONOMY IS CONTRACTING: BOOM has long predicted a significant slowdown in US economic activity in the second half of 2022, leading to a recession and consequent collapse in CPI inflation expectations. Readers would be well aware of this.
Early last week the US Treasury Secretary, Janet Yellen, denied that the US was heading into a recession. She said the US economy was just going through a “necessary and appropriate” slowdown. On Thursday, Joe Biden the US President also denied that the US economy was in a recession. And so did one of his chief economic advisers, Brian Deese. He said the economy was in a “transition”, not a recession. Deese is the head of the Presidents’s National Economic Council. He said that “virtually nothing” signals a contraction of the economy.
That is three denials. But that is not enough for the culture of denial and obfuscation in the Empire of Lies. Jay Powell, the Chairman of the Federal Reserve also said there is no recession in the US economy.
However, the Bureau of Economic Analysis (BEA) released the official figure for US GDP on Thursday at – 0.9% which followed a previous quarter of negative growth of – 1.6%. Two consecutive quarters of negative GDP growth as announced by the BEA has traditionally been regarded as the chief indicator of recession.
However, as in all things economic, it is not as simple as that. So the BEA actually publishes an explanation. Here it is.
“In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation. The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U.S. economy. The NBER recession is a monthly concept that takes account of a number of monthly indicators—such as employment, personal income, and industrial production—as well as quarterly GDP growth. Therefore, while negative GDP growth and recessions closely track each other, the consideration by the NBER of the monthly indicators, especially employment, means that the identification of a recession with two consecutive quarters of negative GDP growth does not always hold.”
A committee of experts in the world of economics is extremely hard to find especially one where agreement can be reached. It is almost a contradiction in terms. But perhaps the NBER is the exception?
THE ECONOMIC IMPACT OF EXCESS DEATH: We need to start looking at the economic impact of excess death, especially as the age group most affected appears to be the 20 – 60 year age group according to reports from various large US life insurance companies.
Life Insurance CEO Reveals Deaths Are Up 40% Among Working People:
https://www.youtube.com/watch?v=Sp8ciwi0CL8
A recent study conducted in New Zealand found a close relationship between booster rollout and rising excess mortality. The study was published in EconPapers, the world’s largest collection of online Economics working papers, journal articles and software. The Rollout of COVID-19 Booster Vaccines is Associated With Rising Excess Mortality in New Zealand Link: https://econpapers.repec.org/paper/waieconwp/22_2f11.htm
The researchers deduced that age groups most likely to have had booster injections had up to 10 percent more excess mortality than the age groups most likely not to have taken up a booster dose. The paper was authored by John Gibson, a professor at the University of Waikato‘s Department of Economics.
EXCESS DEATHS CONTINUE IN AUSTRALIA, UK, EUROPE AND UNITED STATES — NOT COVID: On Friday, the Australian Bureau of Statistics released their latest Provisional Mortality Statistics Report for Deaths from All Causes. It showed that to the end of April, there have been almost 60,000 deaths in total this year which is 8,500 more than expected. This is 16.8% above the historical average.
Deaths due to dementia including Alzheimer’s disease were 20.7% above the baseline average in April, and 20.4% above the baseline average for the year to April. Deaths due to Cancer were 4.7% above the baseline average in April and 5.7% above the baseline average for the year to April. Deaths due to Diabetes remained 10.3% above average in April and were 18.9% higher than the baseline average for the year to April. Cancer, Dementia and Diabetes. What can possibly explain these increases?
Let’s look at Covid as a possible causative factor. In the month of April, there were 654 deaths attributed to Covid-19 out of a total of 14,492 deaths. Thus, Covid attributed deaths were only 4.5% of the total. From generally accepted US and Israeli data, Deaths from Covid are generally regarded as just 6% of the Deaths attributed to Covid (having a positive test result for Covid at time of death).
In other words, 94% of those deaths attributed to Covid were actually caused by something other than Covid. Thus, using that fact as a base for analysis, Australia may have suffered only 40 deaths from Covid in the month of April. And 40 deaths represents just 0.27% of the total deaths of 14,492.
This extremely low number reflects what would be expected from the Omicron variant of Covid. Viral mutation registrations worldwide are now 100% Omicron variant, known for its increased aggressive transmissibility (spread) but much lower mortality compared to the previous Alpha and Delta variants.
The other consideration here is that these first 4 months of the year are summer months in Australia. Summer months should not generate any excess deaths in any nation. Epidemiological evidence from many nations over many years shows that excess deaths above annual expected averages are always a winter event with Influenza and other respiratory viruses presumably being the cause, leading to increased death in the frail and chronically ill.
This then begs the question — what are the excess deaths being caused by in Australia’s summer months? BOOM suggests that delayed diagnosis and treatment may be to blame, or perhaps suicide but there is no substantial evidence for either as an explanation. The other possible cause is Covid Vaccine injuries. The foreign Spike Proteins created by the man-made genetic material in the injections has been known to be pathogenic (disease causing) for at least a year now. This was established by lab work done by the prestigious Salk Institute in San Diego and published in April 2021.
That work showed damage to the endothelial layer — a critical, single layer of cells in all blood vessels. “A lot of people think of it (Covid 19) as a respiratory disease, but it’s really a vascular disease,” said Assistant Research Professor Uri Manor, who was co-senior author of the study.
There are also strong suspicions that the blood brain barrier may be possibly breached by the Spike Protein molecules produced by the vaccines. That could possibly lead to enhancement of pre-existing neurodegenerative brain diseases such as Dementia/Alzheimer’s Disease and Parkinson’s Disease.
The Spike Proteins are also designed to attach to ACE2 Receptors in the body which are more prevalent in Diabetics. And there is laboratory work that shows Spike Protein penetration of the nucleus of cells leads to inhibition of the DNA repair mechanisms present there. Penetration of the nucleus by the man-made mRNA genetic material has also shown reverse transcription into the DNA within 6 hours of human liver cell exposure to the mRNA.
So — theoretically, all of these aspects established in laboratory studies (in vitro) could occur in the human body (in vivo). If so, the result could be a range of vascular diseases from endothelial damage, increased neurodegenerative diseases, worsening diabetic control and the possible re-activation of pre-existing, latent viral diseases (such as Chickenpox Virus/Shingles/Herpes Virus) and pre-existing cancers.
All of this theoretical risk is deeply concerning to many doctors and scientists around the world. Thousands of them have signed Declarations of Concern regarding the use of this new genetic therapy technology in the human clinical trials that governments like to promote as “safe and effective” and call “Vaccination Programs”.
The Great Barrington Declaration now has almost a million signatures attached from experts. The Global Covid Summit Declaration has 17,000 signatures. And the Global Covid Summit Pediatric Declaration regarding childhood risk from the Covid vaccines was issued by Concerned Physicians and Medical Scientists last month on June 6th 2022. The mainstream media and the Governments of most nations have ignored these pleas from eminent doctors and scientists.
In the last month, two eminent obstetricians in the US and Australia have also added their voices to the matter; one stating that his miscarriage rate in Covid vaccinated high risk pregnant women is now 75% compared to his normal miscarriage rate of 13 – 16% for high risk pregnancies. The other obstetrician now describes the vaccines as “poisons”. He has seen “many, many, many complications in pregnant women, in moms and in fetuses, in children, offspring…fetal death, miscarriage, death of the fetus inside the mom.”
“What I’ve seen in the last two years is unprecedented,” Link: https://totalityofevidence.com/dr-james-thorp/
EXCESS DEATHS IN THE UNITED KINGDOM: Excess Non-Covid deaths in the UK since April 23rd have exceeded 10,000. The National Statistician, Professor Sir Ian Diamond recently wrote to the House of Commons and in that letter he referred to –“the higher than expected rate of deaths of 12.2 % above the five year average”.
EXCESS DEATHS IN THE UNITED STATES AND EUROPE: Death numbers from All Causes in the United States are also excessive this year and, worryingly, this is actually the third year of such excess.
At present, the excess deaths are tracking along the same trendline as last year, 2021. The US reported 3,457,397 deaths from all ages for the year 2021. Expected deaths were 2,971,452. Thus, that was an increase of 485,945 deaths (+16.4%) above the expected number.
In Europe, Excess Death numbers from All Causes are tracking along the same trajectory as last year, 2021 when there were 339,721 deaths above the expected 5 year average. If that trend continues, then we may see over 400,000 excess deaths in Europe this year, according to the data and charts provided by Euromomo. The covered population mortality in the Euromomo network of 29 nations is approximately 420 million people, as of 1 January 2021.
It looks very much like we may be on track to see approximately 2 Million excess deaths above expected numbers over the course of 2021 and 2022 in the USA and Europe with a combined population of 750 Million people.
Surely 2 Million Excess Deaths warrants a formal enquiry as to the cause? The New York Times has estimated that 5.3 Billion people worldwide have received a dose of these Covid injections. Extrapolated globally, this Phase 3 Clinical Trial of an experimental genetic therapy technology may already be responsible for approximately 14 Million excess deaths above expected averages. Staggering. And, indeed, historic.
IS THIS THE BIGGEST CRIME EVER COMMITTED ON HUMANITY?: Christine Anderson, a German Member of the European Parliament recently described this phenomenon thus — “this vaccine campaign will go down as the biggest scandal in medical history and, moreover, it will be known as the biggest crime ever committed on humanity“.
If so, we must all ask ourselves — Who is responsible and where are they?
Link: 5 minute Video — https://brandnewtube.com/watch/christine-anderson-the-vaccine-scandal-the-greatest-crime-ever-commited_zJkS8xfixDjYkVO.html?lang=spanish
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. SUBSCRIBE – FREE AT BOOM: http://boomfinanceandeconomics.com/#/
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BANKS DON’T TAKE DEPOSITS, THEY BORROW YOUR MONEY: LOANS CREATE DEPOSITS — that is how almost all new money is created in the economy (by commercial banks making loans). https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy
Watch this short 15 minutes video and learn as Professor Richard Werner brilliantly explains how global banking systems really work. https://www.youtube.com/watch?v=EnC1UlnFLyI
AND Watch for 4 minutes, this Bank of England explanation: Money is essential to the workings of a modern economy, but its nature has varied substantially over time. This video describes what money is today. https://www.youtube.com/watch?v=ziTE32hiWdk
Most economists are unaware of this and even ignore the banking & finance sectors in their econometric models. EMAIL: gerry {at} boomfinanceandeconomics.com
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“DeNile is the longest river in Emerging Markets” goes the quip.
So the US is now turning into an emerging market, through economic collapse?
And yes, this is the biggest crime ever committed on humanity. That already has become clear.
Just how big exactly, i.e. how many people will die an untimely death due to it, isn’t clear yet.
I saw that 1700% more athletes have died or become ill after CV-19 Shot boosters than the unvaxxed; excess deaths of 20-60 year olds are up about 40%; pregnant women that got the Shot had about 80% still births; I’ve seen many videos of TV personalities keeling over dead; lots of Doctors and Nurses and Pilots dead or sick; morticians ordering children’s caskets by the truck load; etc; all the Politicians took the Shot for the cameras but none have suddenly died, how come? Maybe there is no Recession in WDC but if the democrat SOBs dare stick their neck out in my county, they will hear people talking like it was the 1930s Depression. Also, FJB better be careful about carrying a big stick in Asia and Europe: Afghanistan just kicked his Militaries ass. One explosion can cut the US’s NE NG supply pipeline; ever thought about how many bombs it would have taken to blow up thousands of huge piles of coal at coal fired electric generating plants? Too bad Environmentalist bulldozed all those plants and closed all those coal mines. Did they tell you CO2 and fertilizer was bad for the Earth and meat was bad for you? And cheap 50 mpg diesel VWs were bad for America but CV-19 Shots are good; get a couple and some boosters. Trump endorses that; what could go wrong?
What indeed rhs jr – join the dots and we know where this ends. Stay happy hunkered down my friend.
Does it rhyme with “An Anti-Communist Counter Revolution”?
I think it does rhs jr, and there is music to go with it:
All going as planned I see.
I can translate the White House Economic jargon by Deese: We will not actually be in nor will we see a Recession 3Q22 because we are already Transitioning under FJB directly at a record historic pace directly into a Depression for the 3Q22. The FJB Recession came at historic warp speed and was in 2Q22 and is already in the Rear View Mirror folks, that’s why we are not using the word Recession and are using instead Transition.