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THIS WEEK’S EDITORIAL
ELON MUSK WRONG ON MONEY: Elon Musk was interviewed by Tucker Carlson last week and he said this: “if you increase the money supply, you get inflation”. The richest man in the world does not understand money and inflation. However, he is not alone on the matter. Inflation in an economy is a very complex subject and it cannot be summed up in such a simplistic statement.
Elon is wrong but, paradoxically, he is also right. Why? Because money is a rather strange and often confusing subject. Elon is no different to most people. He has probably not thought much about the dynamics of money in his life. Money is like water. We use it every day. We drink it frequently. Our lives depend upon it. But most people just turn on a tap. They have no idea where water comes from, who delivers it, who maintains the volume and how the flow is controlled. They know that too much water causes a flood. But that is not very helpful in understanding the true dynamics of water supply.
Let’s consider what Elon said “if you increase the money supply, you get inflation”. It sounds convincing and it is often repeated by many other people. But the facts reveal a more complex situation.
The US Annual CPI inflation rate hit its all-time high since World War Two around 15% in 1980. Since then the money supply in the United States has been continually expanded with not much evidence of CPI inflation. In fact, the annual CPI inflation rate has been well below 3 – 4% for very long periods of time:
- M2Money Supply January 1980 – US$1,481 Billion
- M2Money Supply January 2023 — US$21,183 Billion
Perhaps more importantly, from 1984 through to the year 2020, a period of almost 36 years, the Annual CPI inflation rate averaged around 2.5% in the US despite the M2Money Supply rising from US$2,306 Billion (at end of 1984) to US$19,114 Billion (at end of 2020). The Money Supply increased almost 10 fold while CPI inflation remained relatively subdued.
So it is clear that Elon’s understanding of the apparent link between Money Supply and CPI inflation is flawed. This is a common mistake because there is much else to consider here. Elon did not mention Asset Price inflation versus CPI inflation. And he did not mention the even more complex subject of money velocity.
Excess amounts of new credit money supply, created as collateralized bank loans, can clearly result in high, sustained levels of Asset Price inflation well in excess of CPI inflation – all while the velocity of money falls. In the advanced economies, that has been the world we have lived in since 1980. Meanwhile, our house prices have increased by 10 – 20 fold.
By the way, BOOM is happy to admit next to no expertise in producing electric cars, rockets or giant tunneling machines. And BOOM never thinks about traveling to Mars.
PFIZER AND MODERNA STOCKS FALL AGAIN – IS mRNA TECHNOLOGY CAUSING DEATHS AND INFERTILITY? Messenger RNA technology (mRNA), used in the Moderna and Pfizer Covid vaccines, is increasingly a topic of great concern and discussion in scientific and medical circles. The financial world is also starting to pay attention.
The possible links between the Covid mRNA vaccines and subsequent infertility plus sudden, unexpected, excess death numbers in healthy adults are especially worrying. Also, the genetic vaccines now apparently lack efficacy in preventing transmission of the Covid virus which is increasingly a major concern.But there is more, much more to consider.
On 5th March, just 7 weeks ago, BOOM wrote “The share prices for Pfizer and Moderna have been falling since mid-December…There have been reports recently of foreign DNA contaminations in some Covid vaccine vials. In addition, the phenomenon of excess death in highly vaccinated nations is also causing concern worldwide with mRNA technology being an often quoted possible cause. Politicians are trying to ignore the issue, hoping that it will go away. But the body count is continuing to rise month by month and with no clear resolution as to cause.”
The reports of extraneous, unexpected DNA being found in significant quantities are from a highly qualified, independent genetic sequencing expert, Dr Kevin McKernan. They must be given serious consideration.
DNA found in Vials: Reference: https://anandamide.substack.com/archive?sort=new
During last week, the share prices for Pfizer (PFE) and Moderna (MRNA) began to fall again towards support levels. On Monday, Moderna stock fell sharply by 8.36%. On Tuesday, Pfizer stock fell in price by 1.5%. Both stocks continued to fall through the week. Pfizer stock ended the week down by 2.38% and Moderna closed the week down by 10.34%.
Moderna’s future revenues and future product development, in particular, are arguably completely dependent upon mRNA technology which was used in its Covid vaccines. If that technology progressively fails to pass independent tests of “safe and effective” then the company may have to develop and rely upon other technologies.
Pfizer is not in a much better position. On January 22nd 2022, the company released an announcement that stated their clear intentions to go “all in” with mRNA technology. “the potential for messenger RNA technology extends to other therapeutics and vaccines and could lead to further breakthrough medicines in the years to come.”
“We truly believe that mRNA is a game-changer technology,” Pfizer Chairman and CEO Albert Bourla said at the JPMorgan Healthcare Conference in early January. “We decided that we are going [all] in because we have developed the expertise and the infrastructure that allow us to be a leading player.”
And under the heading A Light Speed Mentality, they arguably admitted to rushing their mRNA vaccine development: “Pfizer was able to develop the COVID vaccine in a record nine months through a “Light Speed” mentality that reduced bureaucracy and increased collaboration. The company is taking this approach to its mRNA roadmap.”
So, these two companies, MRNA and PFE, appear to be almost totally exposed to the future success (or failure) of Messenger mRNA technology. They appear to have effectively placed a giant bet on their pharmaceutical future where only one outcome can win.
On January 22nd this year, BOOM wrote – “In Davos, Albert Bourla the CEO of Pfizer was asked a great number of embarrassing questions from Rebel News while walking down the snow covered streets. He stayed silent. Clearly, he was unwilling to answer some very important questions about Covid vaccines, especially in regard to the fact that they do not stop transmission of the virus.”
One reporter asked — “Mr Bourla, can I ask you — when did you know the vaccines did not stop transmission? How long did you know that before saying it publicly?” And then, again, “You said it was 100% effective, then 90%, then 80%, then 70%, but we now know that the vaccines do not stop transmission. Why did you keep that secret?”
Albert Bourla again ducked the question. The video has now gone viral all over the world. …. Reacting to the video, the Indian Minister of State for information and technology, Rajeev Chandrasekhar, tweeted, “Just to remind all Indians, that Pfizer tried to bully Govt of India into accepting conditions of indemnity.”
Inevitably, large autopsy studies will have to be performed on rising unexpected death numbers to determine the causes of death. The mRNA Covid vaccines induce the body to produce large quantities of Spike Protein. If evidence of viral nucleocapsid for Covid virus is absent while Spike Protein is present in autopsies in large quantities, then the only conclusion that can be reached will be that the Covid vaccines could be the probable likely cause.
On the matter of infertility, an expert German Pathologist, Dr Arne Burkhardt, recently released yet another report on post vaccination autopsies which he conducted. He stated, in regard to two male deaths, that there were no sperm to be found in the testicles.
He said — “We can see Spike protein in almost all organs of the body. In one case, a 28 year old man with a healthy son, who died 140 days after injection [with an mRNA product], the Spike protein is strongly expressed in the Spermatogenesis organs in the Testes and there are almost no Spermatocytes seen [in the histopathology slide]. In an 85 year old man, there were no, not one, Spermatozoa present in the Testes with, again, strong presence of the Spike protein.”
Dr Burkhardt went on to say in regard to Covid vaccination: “If I were a woman in fertile age, I would not plan a motherhood from a man who has been vaccinated.”
If, eventually, it is found that mRNA technology has rendered millions of men and women infertile and millions of others suddenly and unexpectedly dead or injured from adverse events, then the companies involved will seek protection via their agreements of indemnity with governments.
However, if these agreements were entered into under false misrepresentations of safety and efficacy, then accusations of fraud will begin to arise. Fraud can often be a criminal offense, both for the corporations and their senior officers.
Then there are the children to consider who have been given these so-called vaccines. What effects will the Covid vaccines have on them in the long term? Will they be at risk of infertility, premature sudden death and chronic illnesses? We don’t know. Nobody knows.
Readers should watch all of the following reference videos closely: Dr Arne Burkhardt — https://rumble.com/v2a5fpw-dr-arne-burkhardt-confirms-sperm-has-been-almost-entirely-replaced-by-spike.html
Two Doctors of Medicine from the World Council for Health — https://drtrozzi.org/2023/03/27/dropping-sperm-counts-and-poisonous-ejaculate/ also here: — https://rumble.com/v2eybmg-dropping-sperm-counts-and-poisonous-ejaculate.html
And a detailed discussion on Female Fertility with Dr James Thorp, senior US Obstetrics specialist: https://rairfoundation.com/fertility-crisis-top-obgyn-slams-pfizers-deadly-plot-against-babies-and-women-exclusive-interview/
NOW mRNA CONCERN FOR ANIMALS: Five states in the United States have recently introduced bills aimed at restricting the use of controversial mRNA technology and other gene therapies in livestock and/or they demand full disclosure to consumers on product packaging. The states considering such legislation include North Dakota, Tennessee, Arizona, Idaho, and Missouri.
QUOTE: The Epoch Times “Idaho House Bill 154 would make it a misdemeanour offence for anyone who provides or administers a vaccine using mRNA technology “for use in an individual or any other mammal in this state.”
Arizona House Bill 2762 requires conspicuous labeling of all aquatic, livestock, or poultry products that received mRNA vaccines, and prohibits these products from being labeled as organic.
Tennessee House Bill 0099 amends an existing law to prohibit the manufacture or sale of livestock or meat that contains mRNA “vaccine of vaccines materials” without a conspicuous label that there are such ingredients in the product.
In North Dakota, state lawmakers filed SB2384, which seeks to ban the use of mRNA vaccines in humans and to introduce a penalty for anyone breaking the prohibition.
Missouri State Rep. Holly Jones, a Republican, is the lead sponsor of a bill requiring product labeling of all livestock meat containing potential gene therapy products.
“We label everything around the world. We label non-GMO. We label GMO. We label grass-fed. We label no antibiotics used. We label manufactured in a plant that has nuts,” Jones said: “We should label anything that has not been proven safe and effective. As we’ve seen with the COVID vaccines, they’re neither safe nor effective. Even the CDC has come out with that.”
While HB1169 does not mention mRNA by name, the proposed ban would include all “potential gene therapy products.” UNQUOTE: The Epoch Times
UK PERSISTENT CPI INFLATION – MILD COMPARED TO ARGENTINA: The United Kingdom continues to suffer from Stagflation. The consumer price inflation rate in the United Kingdom eased to 10.1% year-on-year in March 2023, down from 10.4% in February but that was more than market expectations of 9.8%.
The rate has remained above the 10% mark for the seventh consecutive period and has now been above the Bank of England’s 2% target for almost two years, suggesting that Bank of England policymakers might continue to raise borrowing costs. This is awful news for the people of a nation once called “Great” Britain. Perhaps we should start calling it “not so great” Britain?
However, the British people can take solace if they look at Argentina. Argentinian inflation skyrocketed by 104.3% year-on-year in March 2023 after soaring 102.5% in the previous month. It remained at the highest levels since 1991.
The central bank of Argentina raised its “Leliq” interest rate to 81% on April 20th. An official interest rate of 81% is designed to encourage Argentinians to save their Pesos rather than swapping them for US Dollars which have been allowed to circulate in the nation for many decades. Allowing an alternative currency to be used inside any nation’s borders is a formula for economic disaster.
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/
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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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.
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.
Most economists are unaware of this and even ignore the banking & finance sectors in their econometric models.
On 25th April 2017, the central bank of Germany, the Bundesbank, released a statement on this matter — “In terms of volume, the majority of the money supply is made up of book money, which is created through transactions between banks and domestic customers. Sight deposits are an example of book money: sight deposits are created when a bank settles transactions with a customer, ie it grants a credit, say, or purchases an asset and credits the corresponding amount to the customer’s bank account in return. This means that banks can create book money just by making an accounting entry: according to the Bundesbank’s economists, “this refutes a popular misconception that banks act simply as intermediaries at the time of lending – i.e. that banks can only grant credit using funds placed with them previously as deposits by other customers”. By the same token, excess central bank reserves are not a necessary precondition for a bank to grant credit (and thus create money).” Reference: https://www.bundesbank.de/en/tasks/topics/how-money-is-created-667392
The Reserve Bank of Australia (Australia’s central bank) has also contributed to the issue in a speech by Christopher Kent, the Assistant Governor on September 19th 2018…“the vast bulk of broad money consists of bank deposits” “Money can be created…when financial intermediaries make loans“ – “In the first instance, the process of money creation requires a willing borrower.” “It’s also worth emphasizing that the process of money creation is not the result of the actions of any single bank – rather, the banking system as a whole acts to create money.”
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“’if you increase the money supply, you get inflation’. The richest man in the world does not understand money and inflation.” Stopped reading right there. Increase in the money supply is the definition of inflation.
Had you kept reading, you might have learned something.
“Stopped reading right there. Increase in the money supply is the definition of inflation.”
The struggle is that the word “inflation” does not have the same meaning in peoples heads.
i.e. pretty sure most will agree, putting air in a balloon, is balloon “inflation”…
Does “inflation” mean only an increase in the money supply, regardless of the general level of prices? If so, then an increase in the money supply = “inflation”
Or, does only an overall general level price increases = “inflation”?
In times of worry, the money supply can increase greatly (“inflation”), yet as people are concerned about the future, people hoard money and save, so the price of goods do not increase. In this case monetary “inflation” ≠ price “inflation”
If there is, say a coal miner strike, and coal greatly increases in price, is that “inflation”? or is that just a price increase due to shortages, perceived or real…
You do get inflation, but its relative to what can be bought right? if they subsidize costs of things sold in the US, then they can hide the inflation from the domestic consumers for a time. Also appreciation has to be accounted for in addition to the types of inflation and how they interact with each other. Appreciation offsets inflation to some degree.
The wannabe intelligent want to break it out into all sorts of things and complicate it so they can feel good unraveling it to the uninformed. The actually intelligent just try to be helpful instead of needing to slam someone so they can stand higher seemingly.
Whats perhaps more concerning is if there is some behind the scenes coordination between fox and musks X corp… lets see if X corp starts a news business and Carlson gets made the front of it. At this point the monied just keep the national public confused and divided so we all don’t come together and DEMAND ACCOUNTABILITY from the public/private partnerships that have no oversight and appear to be intentionally HARMING the nation.
“If you can’t explain something in simple terms, it’s because you don’t understand it” – Albert Einstein
Albert Einstein was a plagiarist without an original thought.
I urge you to tell me just how many people actually have an original thought that has not been based on previous knowledge.
To me the best description of inflation is to much money chasing to few goods.
In the USA, “They” is the neocon warmongers eating the country’s blood and treasure.
“They are the aggressors and the ones who created the current conflict.
They are on both sides of the political aisle and are installed in positions of power throughout the world.
They are pushing society as a whole to a breaking point, and unfortunately, their next war game will not end well.”
“Elon Musk doesn’t understand inflation.”
Proceeds to take CPI seriously and allege it represents the actual diminishment in purchasing power over the past 112 years.
Thank you for a good article, Peter. I hope the authorities don’t arrest you.
I think that in the same breath that Boom accused Musk of being too simplistic Boom waxed simplistic himself. We’ve been exporting our inflation ever since we abandoned the Bretton Woods agreement. Our money supply has expanded, and inflation has increased in lockstep; however, if you only look at CPI inside the USA you miss the inflationary effects that have impacted nearly everyone else locked into the dollar for international trade. That is one of the many reasons countries are moving as quickly as they dare to find another answer while at the same time trying to move too slowly to draw our direct response.
I generally like reading the Boom report, and I think in general it provides a pretty good perspective. That said, I think it is a bit too quick to pat itself on the back as having it all figured out.
On the mRNA front: First of all this is the first time I’ve heard about DNA in the shot. I’ll have to chase that rabbit. Second, there is no way that either Phizer or Moderna survive as a company. They might as well go “all in”. They are done. We will hit a point where enough people have lost someone and put enough pieces together that we burn them both down either legally (a la the congressional witch hunt and scapegoating) or with grieving people lashing out violently. I cannot imagine any other outcome. Losing a child or a wife is agony beyond reckoning. Finding out that there is someone responsible focuses your rage. It won’t be pretty in either case.
Also on the mRNA front: how much of what we are eating now already has this in it? My concern is that if we’ve noticed it enough to start trying to ban it, how much has crossed my plate and my children’s plates. If your kid eats a school lunch, fast food, or processed food, how much have they already consumed? What the ever living fuck do you do as a parent that has said “no farther” to the shot? What do you do if they back-doored you and your kids through your groceries. Don’t tell me that it is no big deal because you cook it. You don’t cook everything. Milk was proven to inoculate mice in Japan. Proteins and Prions are not all killed by cooking temperatures (a la Mad Cow). Hardscrabble would say eat natural and grow your own food, but that takes time, skill, and resources that not everyone has, and for this situation that ship would have already sailed.
I think that if you think that you can sit this one out on the sidelines and stay out of the way you are deluding yourself. This proves it is already too late for that. If this mRNA alters the gene line, it may be too late for all of our descendants. It might be a good time to be a deep jungle tribesman. The developed world may have already fallen on the grenade. As a parent the only thing that has kept me at bay is the thought that stepping forward had a higher likelihood of bringing bad things down on my family. If that is/has already happened hell hath no fury…
For now it is time to stop being a silent witness. It is time to get off our collective “we’re smarter than that” assess and make a difference in what community you have left. Do it now or do it never.
So if you are asking, “hey smartass, if you have it all figured out then what do you think we should do?” It is pretty simple: A) Figure it out. You know what you can do, who you know, who you can trust, and what your skills are. Maybe you are like Hardscrabble and you can start preaching the Gospel of the Farmstead. Maybe you are like me and new to an area and need to get up and find a local Hardscrabble ASAP.
B) Elections are fucked, but probably not on the local level. Yes there is and has always been electoral BS at all levels, but I don’t think it has matriculated down that far systemically. Your issues are local and (for now) remain local. You can overcome that. You can actually move the needle locally. Do so. You can’t do this by yourself. Let me repeat that. You can’t do this by yourself. (This is the hardest one for me to accept.).
C) No one is coming to save you. Maybe we’re nigh onto the rapture. Unfortunately for me, I’ve got compelling reasons to think I’ll be left behind with the rest of you assholes. We save ourselves or we get eaten by the techno-fascist demonic tyrants who are pouring their evil onto the world. More likely they are symptomatic of the greater evil that is powering them. I’ve never believed in Satan. I’m having a harder time now. If it isn’t that it is something like that. It feels too connected, too interstitial, too ubiquitous to be coincidental. Maybe it is all just a force that happens to be lining up right now, but it is, at the very least, obvious that it will not go away on its own. Since it exists to destroy all that is we might want to get off our assess and start fighting it.
D) Support this site and others where the tiny flame of freedom still lives. If you know how to write, write some articles instead of just bitching in the comments. If you can read with some analytical and logical ability, cross post worthy articles from other sites. Donate some coin if you have any. Talk it up. This is the modern day broadside. This is the codex for information that counters the bought and paid for narrative. Take a risk and say what you think.
I used to write some articles for TBP back in the early days. Then I took a step back for several years and didn’t even read because it had consumed such a large part of my day, and except for a short stretch where I moved and had to reorganize some finances, I contributed monthly anyway. It is too valuable to have a place where an unfiltered, uncensored voice can be heard. There are lots of things people say here that are, in my opinion, asinine and hateful. The fact that they can still say those things is incredibly important. The evil cunts trying to rule the world are not even trying to hide it any longer. They will stomp this place out sooner than later if you don’t start helping. Your help may make that later. If enough people help that may be never.
To that end I will find the time somewhere to write at least one article per month. After reading it you may wish I hadn’t bothered. That is OK. The more unique content we can create the more visitors we’ll get. More visitors means more threads to the bigger world of ideas. It is a pain in the ass to come up with the time. I own a business. I have a family. I coach little kids and ref games. I have a lot of other shit to do. But it is because of all of those things that I do that I will find the time. If I don’t, how long before those things are gone too?
“…if you increase the money supply, you get inflation…”
If you inflate the money supply faster than real GDP growth you get devalued currency which manifests itself as rising prices.
There can be no inflation without an increase in the money supply, no matter how you increase that money supply.
The CPI is a basket of gov’t BS propaganda and lies; the real inflation rate we the producers are getting screwed with by Banksters and liberals is about 8-10%/yr. When TSHTF, normal disappears, and there is deflation of the stuff we all have, and hyperinflation of the stuff we all need, we will all be hit differently depending on our particular circumstances. People living off the fat of the producers of the land and the Schlock Market (happily in Blue Cities) might suddenly be up a dry creek without a butler. People self-sufficient on a rural homestead won’t notice except for all the rich beggars and scofflaw maggots everywhere. I think every great country eventually gets taken over by the class of rich spoiled lazy greedy incompetent liberal profligates that “print” and borrow money for stupid reasons, cause inflation, pervert morals and collapse the nation. The USA is in the last stage. PS: The Covid Genocide Pogrom demands Congress investigate and demand prosecutions; like Biden and Bragg say, no one is above the Law.
Just read a report that says men who took The mRNA Shot have testes full of Spike Proteins but no viable sperm. Give those Useful Idiots the Darwin Award and move the average IQ needle for the Human Race up a notch. I look the fool for trying so hard to educate the liberals to not take The Shot for health reasons; but I failed in most cases anyway. Presently I’m trying to persuade them to reregister as Republicans and that is like plowing a field of stones.