Thursday, July 8, 2021

"Vaccine Taboos"

Please view this video here: https://www.theepochtimes.com/

"Dr. Robert Malone, mRNA Vaccine Inventor, 
on the Bioethics of Experimental Vaccines and the ‘Ultimate Gaslighting’" 

“What would happen to the entire vaccine enterprise - I’m talking about pediatric vaccines, the fundamental bedrocks of public health - if we basically validate the criticisms of those that have been labeled anti-vaxxers?” In this episode, we sit down with mRNA vaccine pioneer Dr. Robert Malone to discuss questions surrounding the COVID-19 vaccines and repurposed drugs, as well as the bioethics of experimental vaccines.

Below is a rush transcript of this American Thought Leaders episode from July 6, 2021. This transcript may not be in its final form and may be updated.

Jan Jekielek: Dr. Robert Malone, such a pleasure to have you on American Thought Leaders.

Dr. Robert Malone: Likewise, thank you.

Mr. Jekielek: You’re, of course, an outbreak specialist, you’re the inventor of mRNA vaccine technology, and you’re also a biostatistician, which is an interesting collection of-

Dr. Malone: Well, I would say that I’ve been trained in some biostatistics. That’s to be a biostatistician for me. That’s a step above where I’m at, but I do epidemiology and biostats, among other things.

Mr. Jekielek: Well, so I really want to touch on this whole kind of censorship question, but before we do that, let’s talk about where do you stand right now when it comes to treatment for COVID-19 or vaccination for COVID-19, given everything we know as we speak and given your rather unique background.

Dr. Malone: Okay. So that’s a good tee-up because you’re talking about both treatment and vaccines, and I’ve actually been primarily focused with the team that I’ve been working with on repurposing drugs for COVID. And we’re trying to launch three clinical trials right now, one India and two in the States, under IND (Investigational New Drug) for a drug combination involving anti-inflammatories that we’ve developed. And it’s already been tested and was initially discovered in a small hospital in Beloit, Wisconsin.

I made an initial threat assessment in January, as we were discussing. Well, I got a signal at Wuhan and decided that I didn’t think that the time needed was available to develop new vaccines and get them safety tested in a timely fashion to mitigate the risks of the pandemic. So even though I’m a vaccine specialist, I also have started a company in the past, focusing on drug repurposing for Zika [virus], and so I have this background, and so I’ve seen both sides of what’s going on and how it’s rolled out.

My take on the vaccines is that we have some new technologies in the mRNA vaccines. We have a fairly well-established genetic vaccine technology, so related to RNA, but using the gene therapy vector called recombinant adenovirus, we have two examples of those right now. People call them the AstraZeneca and the J&J. AstraZeneca-Oxford is that cluster that’s not licensed in the United States. So we’re right now in the States, we have patients, and everybody has access to three genetic vaccines.

There is a more traditional vaccine that’s about to, I think, gain emergency use authorization from Novavax. That’s also showed greater than 90% protection against disease and death. So that’s in line with what the genetic vaccines are showing.

And I think that that one offers options for those that are uncomfortable with the genetic vaccine strategy. And I know a lot of people that have been contacting me are interested in having an option, they’re uncomfortable with the genetic vaccines, and they’re interested in having an alternative that they can use. I think that Novavax could be a suitable alternative for them.

Now, worldwide, there’s a number of more traditional vaccines, inactivated virus, vaccines, and many that are coming online that involve purified subunits, often at very low cost with more traditional antigens. We have the vaccines coming from the Soviet Union and also from China. Those are more traditional and have lower efficacy. Efficacy being these endpoints of death or disease in a structured clinical trial.

So for the vaccines, there are more options worldwide. In the States, the options are currently restricted to the genetic ones. Many people that are uncomfortable with those for various reasons might be more comfortable with the Novavax product. I have no financial ties to Novavax, just to say the conflict of interest, I’m just expressing what I perceive as the vaccine landscape.

In terms of therapeutics, I sit on the ACTIV committee at NIH, which is the Foundation for NIH committee. I’m not a voting member. I’m an observer. This is the committee that is managing these inpatient and outpatient trials for new agents and now repurposed agents. So they’ve just opened ACTIV-6, which is the first ivermectin trial that’s federally sponsored to the best of my knowledge here in the States. And it’s an outpatient virtual trial structure.

With our group from the DoD (Department of Defense), we attempted to include an ivermectin included arm in the trial that we have pending with the agency as an IND right now, but the FDA raised so many objections and asked us to do some fundamental studies about demonstrating the mechanism of action of ivermectin that the Department of Defense decided that it just wasn’t worth the delay in time to get the trial started. And so they dropped the ivermectin arm.

So the landscape right now for the therapeutics and prophylactic drugs looks like… I’m going to stick my neck out, but I’m in close contact with Andrew Hill, who’s doing the meta-analysis; I’ve seen the work of Tess Lawrie, who’s now published another meta-analysis from worldwide ivermectin data.

I think the data keeps getting stronger and stronger in favor of ivermectin as having some protective activity within a safe dosing range. And that seems to be impacting in various emerging economies that don’t have access to vaccines and is impacting on event rate for severe COVID disease and death.

So there’s some great kind of epidemiologic studies or data coming out of India where Indian States had been on ivermectin. The incidents of attack rate of disease was low. Then they withdrew it for political reasons. There was a change in regime. It went up. Then they reimplemented it. It went back down again. So that’s pretty strong evidence.

There is also reasonable evidence for the use of ivermectin as a therapeutic, but there are many others. And it’s just the one that has gotten a lot of press, in part because of Pierre Kory, Senate testimony.

And so ivermectin, even a whole host of anti-inflammatories, because what folks often don’t understand about COVID is that we have the SARS-CoV-2 virus infection event. And typically, that leads to a disease of varying severity at something in the range of four to seven or eight days afterwards. But that disease only happens in a subset of patients, maybe 80%, maybe 50% of patients taken across all age groups, maybe even less. And the disease is the hyperinflammatory response to the virus.

So the disease is really our reaction to the virus. The good news is with drugs is that we have this rich library of anti-inflammatory drugs that appear to be quite useful against keeping people out of the hospital if it’s used early enough or treating them once they’re in the hospital.

The antiviral that’s been licensed, remdesivir, in the United States, the WHO is not recommending remdesivir globally, and many physicians in the United States find remdesivir to be of limited use in special situations.

So the idea of antivirals for this is really not panning out. And there are multiple other antivirals that have been tested. This is often the case with respiratory viruses.

So we all know about Tamiflu and influenza. Tamiflu, in theory, should be good. And it may be, it has an impact, but you have to take it within 24 to 48 hours of first getting influenza. And during that period, often you don’t know that you have influenza. So it’s a little bit of a catch-22. Likewise, remdesivir it appears.

The other agent that has gotten a lot of attention is dexamethasone that comes out of the recovery trial in Oxford. And that trial actually shows that the utility of dexamethasone is very limited. Now, here in the States, a lot of docs have kind of gone all in, and you may even recall the president when he was infected with even before, he wasn’t that severe, and yet they put him on dexamethasone.

Now the actual indication of dexamethasone based on the recovery trial, you should already be on oxygen and high flow oxygen or even intubated. So it appears that in the States, dexamethasone is being overused. This is often the case when dexamethasone is often kind of a first-line go-to when you have a new inflammatory disease.

Then, over time, additional agents come in that are more specific, and dexamethasone drop. Problem with dex is it’s super non-specific, and it hammers the lymphocytes. It hammers a lot of the cell populations that you actually need to recover from COVID long-term. So cynics might say that dex is a great way to get patients out of the hospital over the short term, but whether or not it’s actually helping them over the long-term, that’s actually never been studied. So that’s the landscape as I see it.

The RNA vaccines obviously have gotten a lot of attention. They’re remarkable. The adenovirus vectored vaccines probably produce more protein over a longer period of time. They came out fairly early and were identified as associated with coagulation problems. Those coagulation problems are now being seen more with the RNA vaccines.

And there’s an odd spectrum of symptoms, and the governments across the world have largely denied that there are any safety concerns with the RNA vaccines. That’s now not so tenable.

We had the CDC come out last week, talking about the pericarditis and other cardiomyopathies that are showing up in the pediatric population. So this is up to the age of 18. And that is a significant safety risk. That was only recently identified about two months ago. It’s taken two months for the CDC to verify it.

And there appear to be a number of other adverse events that are buried within the admittedly flawed databases that we have, that we’re mining data mining, to identify adverse events that are associated with the RNA vaccines. These include thrombocytopenia. Also, so this is low blood platelets, and that can be associated with bleeding or other problems.

Clearly, there is a signal relating to blood clotting abnormalities, again, as with adenovirus vectored vaccines. There is cerebral venous thrombosis. That’s a big fancy word, but what it means is blood clots in the veins draining your brain. So you can imagine that that’s not a very good thing to have. It’s kind of related to stroke.

And I think that there’s a good chance that we’re having some of these cardiac symptoms exist in older age cohorts, but they are subject to what’s called masking, which is this problem when you’re looking at databases of epidemiology or whatever, if you have a confounding variable, like for instance, certainly, I am in an age cohort where cardiac events are not rare. And the problem is if you have a relatively rare event associated with a drug or a vaccine, and it’s in a cohort, an age population that has a high background for related things, it’s really hard to pick out the stuff that’s coming from the new drug, as opposed to the background levels that’s masking.

So I think that it may turn out over time that that cardiac signal that we’re seeing in the adolescent population, we can pick it out because they have such a low background level. So there’s very little noise. It’s easy to see the signal.

In older age groups where there’s more noise, it’s harder to find the signal, but a lot of cardiologists and others are reporting things that are making people uncomfortable.

So with the RNA vaccines, it is remarkable, the level of activity, the technology has enormous potential, but there’s these events. And it’s a little odd. Physicians are starting to talk about the overlap between long COVID, this is these chronic symptoms that come after you get the acute infection. And by the way, you don’t necessarily have to have the severe disease to get long COVID.

Because these longer term adverse events and sickness problems that you can get after you get the disease, there seems to be overlap between those symptoms, that profile of symptoms, the disease-associated symptoms, and the vaccine-associated symptoms.

So long COVID, COVID, and some of these vaccine adverse events seem to have some overlap. And there are physicians that are claiming that they can actually do laboratory tests and show that they’re having similar profiles in terms of laboratory abnormalities with these genetic vaccine, genetic COVID vaccine-related syndromes, and long COVID.

So there’s things going on there with the vaccines. The problem is we don’t know how severe they are in general. What is the bell curve distribution for severity? And what’s the incidence? And often the question is asked, why don’t we? And the answer is because the FDA elected during this phase of emergency use authorization to not require that the drug manufacturers rigorously capture adverse events and efficacy signals.

So we end up relying on really outdated antiquated systems that have been set up a decade or more ago for the most part or some systems that are self-reported like V-safe at the CDC, but those capture 1% typically of the events because they’re all self-reported.

And because they’re self-reported, there are problems in interpreting those data because someone might say, “Well, aunt Mary died two days after vaccination, and we’re going to report this.” And this is one of the big controversies is there’s a large number of deaths reported, but they’re not verified as being vaccine-related. And so there’s a real arm wrestling going on about what do those mean both in the US and Europe.

So that’s kind of where things are at right now, as I see it. And then there’s a whole cluster of issues around what would it actually take to get to herd immunity? And in this push that 70% often in many countries, Canada, for example, the government is saying, “We want 70% uptake of vaccine if we’re going to release restrictions on a community or something like that.”

The problem is that we don’t have any data from these clinical trials about the impact of vaccination on transmission. So you can’t really make a real calculation to say, epidemiologically how much vaccine, how many people within a population have to have either been infected or vaccinated.

So that’s kind of surfing the surface. There’s a lot of other stuff underneath, but it’s complex. It always is during an outbreak because there’s never enough information.

Mr. Jekielek: Now I have about 15 questions for you, of course. But let’s start with this one. You give this example that there’s just a lot of, especially when it comes to the adverse effects. It could be an adverse effect. It could be just what would have happened normally to somebody, but wouldn’t some rigorous data collection around this actually help kind of elucidate?

Dr. Malone: If we have had things done more rigorously from the get-go, we would be in a totally different situation, I believe, in terms of reassuring the public.

Mr. Jekielek: Can we start right now?

Dr. Malone: That could be done. And I’ve suggested to some philanthropic people that they could implement trial registry structure. And there are some that are starting to grow towards that, basically.

Mr. Jekielek: What is that exactly?

Dr. Malone: So a trial registry is one type of clinical trial. We talk about double-blind, randomized controlled prospective trials. You can also do more data collection type trials. And ideally, you ask that people register at the time they received the agent, and then you implement a system there’s a lot of different ways. It could be a call center, it can be electronic, it can be on your cell phone, a lot of different types of systems to follow up with those people and inquiry them about whether or not they’re experiencing this out of the other symptom, or are they experiencing any symptoms, those kinds of things.

So that you get instead of a purely voluntary offering of, “I’ve experienced this, or my patient has experienced that, or aunt Mary said this, or whatever,” which is where we’re at right now, you have something that’s a lot more structured where people are identified, they’re put into some sort of a data collection tool, and then they’re followed over time.

That is possible. Basically, that is what the Scandinavian countries do anyhow, because of their structure of their socialized medicine. Often, in these kinds of situations, we end up with the best data coming from Finland, Norway, Scandinavia because of the rigor with which they’re socialized medicine system captures those data.

We had hoped to have rigorous data set from Israel, and the CDC and FDA had been very comforted by what they thought was a rigorous data set from Israel and the ability of the Israeli government-related epidemiologic monitoring people to data-mine that database and identify signals.

The cardiac events in the adolescent population were actually first identified by an Oracle Biostatistician, working with people at the FDA that are outside of all this, and was data mining, the various publicly available database. He identified it, notified CDC. They identified it then and tracked it. They notify the Israelis, and then the Israelis were able to verify that they saw that signal in their database too. And how could this happen?

The statistics of how you query these databases is not trivial because you can’t just ask everything under the sun, “is anything related?” Because you’ll end up with so much statistical noise. If you set a 95% confidence interval, 5% of all hits are going to be false.

And so you end up with this massive amount of false information, false linkages, and somehow you got to pick the signal from the noise within that. So that’s the problem, but getting reassurance that the Israelis, we’re able to the fact that they hadn’t detected something gave reassurance up until this case. And now we’re in a different world, and we’re relying on the Dutch and the Norwegians and others.

Mr. Jekielek: So you mentioned that Israeli data and Dutch data. And I think both of those, actually, I have to ask you about this because they intersect in this relatively new paper that has come out, which I understand is actually potentially being withdrawn. Maybe I’ll get you to comment on that, but basically this paper, the safety of COVID-19 vaccinations, we should rethink the policy, and in their abstract, essentially they say for three deaths prevented by vaccination, we have to accept two inflicted by vaccination. And that the conclusion is to rethink policy, but wow.

Dr. Malone: Yeah. So we call it a risk-benefit ratio. And that gets to the core of all of this, is typically the advisory committee on immunization practices. And the truth is the world is looking to the United States for all of this stuff in a significant way, including the World Health Organization.

Typically the advisory committee on immunization practices of the CDC for a new vaccine would be evaluating risk-benefit in a rigorous way, using quality-adjusted life years. This is actuarial table tool that the insurance industry uses. You can understand why the insurance industry would want to do it right because that’s how they make their nickel.

So that’s been adapted for public health purposes and typically use that kind of a tool to make a risk-benefit, formal calculation for each population, stratified special populations. So those are adults, elderly adolescents, children, infants, pregnancy, and immunosuppressed typically. And you would do this calculation for each of those groups.

And then the ACIP (Advisory Committee on Immunization Practices) would come out with a recommendation saying this vaccine is good to be used in, say, the elderly. And that’s pretty compelling in this case with these vaccines that even though there’s adverse events, their risk of COVID death or significant disease is pretty high. So that’s an easy one to say, yes.

Adolescents, in contrast, have a very, very low probability of disease or death from COVID. And in some non-trivial level of adverse events, and we were just talking about the cardiac. And so that calculation doesn’t come out looking so good.

And the paper that you’re referring to came out, and just to give you some history. We were talking about me being deleted from LinkedIn. Well, one of the things that’s happened over the last week is that the authors of those paper, that paper sent it to me and said, “Robert, what do you think about this? Can you get some feedback on this?”

So I posted it without editorial comment on LinkedIn and Twitter, and it generated a lot of discussion. And obviously, a lot of folks were pretty alarmed by that, that you’ve just read. And it brought out some academics who felt that they needed to react strongly against this paper and come out and say, “No, this can’t possibly be true. This must be a statistical over statement or mis-analysis.”

And it generated a whole lot of pushback from a subset of academics. And then people that were responding to that LinkedIn post decided that they would write these academics, write directly to the journal and say, “This should be withdrawn.”

So that’s how that cascade happened. And the journal has now placed a note on the manuscript that it’s now being re-reviewed, even though it’s already been through peer review once.

The essence of their concerns to my eye, and like I said, I’m not a full biostatistician, I know enough to talk to them, but the essence of their concern seems to be this same issue of a database where the relatedness between the reported event and the vaccine is not determined.

In many cases, it’s not determinable. But these conclusions in that paper are drawn in such a way that those academics feel very strongly. They’re inappropriate because the database didn’t establish unequivocal linkage between the event and causation from the vaccine.

This is always the case with these types of databases. And you have to word the findings carefully and say, “We have deaths that are temporarily associated or associated in some way, but not necessarily causative,” because you can’t determine causation very well retrospectively, particularly if you can’t review the patient’s chart.

So that is a great example. I like to call it the academic thought police, and this is the self-appointed academic thought police. This has become a major problem throughout the whole sector, is there are lots of academics that feel it is their mission to block publication of papers that might compromise in some way the vaccine mission.

And I think this is part of why it’s become so hard to publish anything about repurpose drugs because there’s a perception. And I think it’s probably valid as you can watch people when they talk about ivermectin.

There’s a cohort of people that would rather take a drug than take a vaccine, a prophylactic drug. And if a drug is available for outpatient use that minimizes the risk of hospitalization disease, and death, then the risk-benefit ratio calculations for the vaccines become even more tenuous. And so that I think is what’s underlying a lot of this.

Narration: The paper we talked about titled “The Safety of COVID-19 Vaccinations—We Should Rethink the Policy.” It had undergone the standard process of peer review.

Mr. Jekielek: It’s pretty fascinating. I had a guest on recently Victor Davis Hanson. He was talking about the Platonic Noble Lie. This is one of our topics. And so this is almost like a preemptive because the point is we don’t know. And a lot of cases, what the answer is, but there’s certain types of information that you’re just not allowed to go there.

Dr. Malone: Yeah.

Mr. Jekielek: Right?

Dr. Malone: Yeah. And I’ve never experienced this before. It’s reinforced by the social media platforms. And just to illustrate the point. One of the things that’s a little bit heartbreaking, and I get these calls from patients that are just distraught, crying.

If you are somebody who has experienced symptoms after receiving vaccine, I’m saying that carefully. I’m not saying those are related. I’m not judging that. But imagine the mother who’s had a cascade of symptoms. She’s now debilitated. Perhaps she’s worried about her ability to conceive now because she’s had menstrual alterations and things like that.

So she’s had this cascade of events, and she’s surrounded by friends, family, social contacts that all believe that the vaccines are fully safe, and she must be crazy. It can’t possibly be that there’s any relationship between vaccine acceptance uptake and her symptoms.

So let’s say this person goes on Facebook and joins the Facebook group that’s being created for people that have had believed they’ve had symptoms that have been triggered by vaccines. So there’s a group there. They build up to about 150,000 people. Facebook deletes them.

Now the practical implication is for this cohort of people that believe that they’ve had a vaccine, post-vaccination syndrome, whether or not they did, they’re getting all kinds of social messaging from the top of the government on down that these are perfectly safe vaccines. They couldn’t have had the symptoms that they’re experiencing.

They’re getting that from all the people around them. They’re not even able to communicate on social media with others. And they’re all isolated, of course, to discuss what their symptoms are, as opposed to somebody else’s symptoms. It is the ultimate gaslighting, and for these people, it is profoundly depressing.

Can you appreciate what I’m saying? I feel this is fundamentally wrong as a physician. We’re compromising not only people’s physical health, and we can argue whether their symptoms were related or not related. That’s the essence of this complaint against this paper is it can’t be proven with this type of database.

But these people, these patients had symptoms. They’ve experienced something, and they’re not able to get any resolution. They’re told that it’s all in their head. That they’re crazy. That’s not right.

The consequences of what we’re doing socially right now in this context, and I think it’s driven by fear. I think we’re kind of driving ourselves a little bit mad with our fear over this pathogen.

Now I’ve had COVID, I’ve had long COVID, it’s changed my body. I don’t have the exercise tolerance I used to have. But I didn’t die. And I’m 61, I’m in a moderate risk group, but we fear it almost like the Africans fear Ebola in the West African outbreak. And it’s driving us, I think, to compromise some of our fundamentals, including with this censorship initiative.

And I don’t know what that looks like on the other side, we’re eventually going to get through this, but it’s impacting on society in profound ways. And this censorship of information is those that are experiencing it, including myself, are profoundly disturbed by what we’re seeing. And the long-term meanings of that.

Mr. Jekielek: One of the things that really strikes me when I think about this stuff is when you kind of shut off areas of inquiry or the opportunity to have an open discussion about exactly this question that you mentioned that actually breeds creation of all sorts of conspiracy theories. From wherever, whatever political side from wherever, because people just don’t know, they know that what they’re seeing doesn’t look right. There’s only one narrative.

Dr. Malone: They’ve experienced something their friends have experienced something, and yet they’re told they couldn’t have. And I agree. So I posted something on my old LinkedIn account that’s now deleted, that went viral for LinkedIn. It had done 25,000 likes or whatever, which for LinkedIn was a big deal. I mean, I got almost 6,000 people, but usually, I’ve been to like 2000 people on my LinkedIn feed.

So this went viral, and all it was, was I posed the question, what will happen to public trust in the public health system if it turns out that ivermectin is safe and has therapeutic benefit and the vaccines turn out to not be perfectly safe? And it generated a blizzard of responses.

Now I elected not to add the third leg to that stool, which is the controversy about the lab leak hypothesis, which is another example that was shut down very hard and censored, and now has come to for that there is some merit to that. And as demonstrated by the current president seeking clear investigation on that.

If any two or three of those come to pass, and I think there’s a chance all three will, in my opinion, that’s just my opinion, where do we go from there in terms of public trust in the world public health system? And I don’t know the answer and what I got back from people with this open-ended question was a lot of folks saying, “We can’t trust the government anymore. We can’t trust the World Health Organization.”

The fear that I’ve had from the get-go with Warp Speed in the vaccine development enterprise as a vaccinologist, I’d spent my whole career in vaccines. I literally invented mRNAs vaccine technology when I was 28. And before that, I was involved in AIDS vaccine development at UC Davis. This is my whole life, since 1983, has been focused on vaccines.

My fear has been in rushing this through that we would end up with problems. It’s kind of, how can you not end up with problems if you cut corners and rush these things, particularly the safety issues? What would happen to the entire vaccine enterprise and talking about pediatric vaccines, the fundamental bedrocks of public health.

If we basically validate the criticisms of those that have been labeled anti-vaxxers, and that’s kind of a pejorative over-simplification too, that term, we’re labeling and excluding a whole block of debate and discussion by labeling it that way.

But what if what we do in doing this validates what they’re saying about pharma and the FDA and the government playing fast and loose with lives with vaccines? I’m having people write me saying, “I’m not going to vaccinate my kids anymore. I can’t believe in this, this whole enterprise.”

There was an interesting statistic I heard the other day on the Highwire when I was interviewed there that the baseline self-identified anti-vaxxer historically has a bit about 3% of the population. And according to them in the latest survey, it’s bumped up to 40% of the population is self-identifying as anti-vaxxer.

Where does that go? And how by shutting down, as you point out, this information in this discussion, I mean, to lock me out of LinkedIn, because I have been carefully responsibly raising concerns and questions and trying to engage in discussion about those.

I’m bonafide. I mean, you can’t say that I’m not an expert. Maybe some say I am the expert. But to block my ability to communicate, let alone all the others that have contacted me saying, “Hey, I can’t even say the things that you’ve been saying. So speak for me.” They now don’t even have me as a voice. That’s profoundly disturbing. We can’t get to scientific truth if we can’t discuss things.

Narration: After Dr. Malone’s LinkedIn account was restricted, he submitted an appeal and received a response saying several of his posts about vaccine safety had violated LinkedIn’s policies, “Sharing content that contains misleading or inaccurate information.” His account has since been reinstated. But given the censorship, he says he’ll be migrating most of his discussions to Twitter and to his personal blog.

Mr. Jekielek: Robert, on top of everything else, you’re actually a trained bioethicist. And you’ve already started addressing some of the ethical questions are conundrums around what’s happening or what you see happening. Give me a little bit of the scope of this as we start finishing-

Dr. Malone: I wrote… Thank you for that. And for that lead-in, I personally, I think this is one of the most important topics, is the bioethics of use of an experimental medicine and experimental vaccine. And the genesis of this whole thought thread was a two-hour conversation with a Canadian physician a number of weeks ago, where he just poured his heart out about what he was seeing with his patients and what was going on in Canada. And I was left saying, “Well, thanks for sharing this, but I can’t help you. I don’t have anything.”

I woke up that Sunday morning with an aha moment. And I said, “I know what I can do for this guy. I can write a piece about bioethics, the bioethics of vaccination under emergency use authorization.”

So, I dug into rich literature that exists as well as federal law. That goes back to The Helsinki Accords, The Belmont report, et cetera, and looked at what are the fundamental principles of bioethics as they relate to use of an experimental product.

So point number one just summarize that, and this is, you can find it in The Code of Federal Regulations, it’s referred to as the Common Rule. So this is actually Federal Law. It’s not just words that academicians agree to. So the first thing is that an emergency use authorization product, which is what all these vaccines are, and many of the drugs, is an experimental product. It’s not yet licensed. So that’s point number one. They’re all experimental products.

Point number two, if you’re going to be administering experimental products to patients that falls under clinical research, medical research. And so, you have to follow the guidance for medical research. And I mentioned the Common Rule is codified in the Code of Federal Regulations.

The first clause, importantly in the Common Rule, is there has to be complete disclosure of risk. You know, intuitively what that means because when you buy a bottle of aspirin, you pull out this little piece of paper, and you look at that, and you go, “Holy Moly, this aspirin is going to kill me.” If you read all the way through, it could cause heart attacks or gastric erosions, or whatever. And you look at that, and you say, “Oh, I don’t know if I want to take that aspirin.”

But the truth is that the ones that are common are up at the top, and we all take aspirin or Tylenol or some version of that. That’s the level of disclosure of adverse event risk that must be provided to patients participating in clinical research. That level of information, as we’ve just been discussing, is censored. It’s not available. So we are not meeting the criteria for full disclosure of risk.

Second key principle is that that full disclosure has to be comprehensible and comprehended. Earlier on, I referred to thrombocytopenia, and you were like, “What the heck was that?” And I said, “Low platelets.” That’s a great example. The first one was scientific jargon that was incomprehensible to you. The second one you could understand. So these risks have to be conveyed using language that people can comprehend.

Third key principle, you cannot coerce. You cannot entice. The patient or the subject has to freely accept the experimental medicine of their own volition. All these messaging about, “You must take the vaccine. You must take the vaccine because otherwise and aunt Mary could get infected.” All of this messaging that the vaccine is safe, et cetera, all the peer pressure that’s happening around the vaccine, that’s coercion.

Now it gets even more florid with those nations. I don’t think we’ve done it here in the States, but the Canada has. We’re going to give out ice cream cones to get the kiddies to come and take the jab that’s been done. That’s coercion and enticement.

Then there’s the last little codicil in all this. We call it the age of consent. So we here in the States generally agree that the age of consent is 18. If you are at or below the age of consent, you need to have approval or consent from your parent or guardian to take an experimental medicine. They act as your agent because you’re not able to provide consent by definition.

We cannot, by law, have infants, children, and adolescents receiving experimental products without authorization of their parents.

Now, listening to this, [one] might say, “Well, we have this special case of an epidemic, and we have to all get vaccine. Why do we have to all get vaccine? What’s the logic behind that?” What we’re told is we have to all get vaccinated so we will reach herd immunity. That’s the logic.

The problem is that that is a fallacy. We have not gathered the data to even be able to calculate in these clinical trials what would give us herd immunity? What would herd immunity mean? It would mean that we have what’s called sterilizing immunity, or in some way, if we get infected, we don’t spread it to somebody else. That means that we’re not producing virus and shedding virus.

Just today, the World Health Organization made an announcement clear and unequivocal. You’ve got to start using masks because none of these vaccines are preventing infection. They’re preventing disease. They’re not preventing transmission, and they may be reducing transmission, but by how much we don’t know. And so we can’t calculate what the percent uptake is required to reach herd immunity, if we could reach herd immunity with these vaccines.

So there’s an underlying logic that’s been pushed out globally about why we have to take vaccine and how many of us have to take vaccine. And it’s not actually supported by data. And to my mind, that’s a problem. And it’s kind of gone all the way through this outbreak where key public health officials have felt comfortable substituting their opinion for evidence-based medicine.

And that always has to happen at the start of an outbreak because there’s no data. Somebody’s got to have expert opinion. We’re past that point. We have a lot of data, and it’s time we start relying on evidence to make public health decisions, and we’re not doing it.

So to my eye, from the bioethics, we appear to be failing to meet the Code of Federal Regulations, Federal Law, let alone fundamental precepts that go back to the end of World War II. We’re not providing full disclosure of risk. We’re not doing so in a way that’s readily comprehended by the public. And we are enticing, compelling, coercing, and otherwise not respecting the rights of the individual to choose what happens to their body.

And in my mind, that’s bedrock is we all have in Western society, the right to choose the State does not own our body, we do. Particularly for an experimental product.

I argue that we’ve crossed a line. It’s a bioethical line. It may actually be Federal Law that we’ve crossed. Inadvertently, I’m sure for all the best reasons, but if you go back, read the code, read the Nuremberg Code. What we’re doing is not aligned with fundamental principles. And as you know, this happens from time to time during war and crisis.

Cultures decide that it’s okay to bend the rules on some fundamentals of ethics, whether it’s torture, internment of populations, whatever. I believe they almost universally end up regretting it. And so, I’m trying to responsibly ethically with the credibility that I have in my CV, and because of my role in inventing this technology to alert people that I believe that we’re pushing and crossing some key lines here that we really should be respecting.

Mr. Jekielek: Robert, we’re going to have to finish up shortly, but I have probably about a few hours more worth of questions for you at this point. So we’ll have to actually invite you back. Any final thoughts before we finish up for today?

Dr. Malone: Yeah. If I can speak to your audience, like I said, it’s your body. In my recommendation, general recommendation is, in my opinion, these vaccines are saving lives. They’re saving many lives, particularly in the elderly. I get asked the question all the time, “Should I take this vaccine or that vaccine because I have this preexisting condition, an autoimmune disease, or whatever?”

And my recommendation is that you know your body best, you and your medical care provider, and that you have the right to accept or not accept a vaccine product, particularly an experimental one. And that you make your own decision. I can’t advise you, in the end neither can your physician completely advise you.

It’s up to you. It’s your body. It’s your choice. And I just suggest strongly that you take the time to get informed, do the best you can, and then make the decision that you think is right for you.

Mr. Jekielek: And Robert, again, just before we finish up, is there a resource that you would recommend to be able to kind of see the broader totality of the picture?

Dr. Malone: Unfortunately, there isn’t. And I’m involved with a couple of different coalitions that are starting to build websites, particularly for helping inform students like university students that are returning to class so that university administrators or others can use these as resources and point people to them so that they can become informed themselves.

In the interim, there’s the WHO site website for vaccines. For COVID, there’s one that the CDC maintains. There’s the NIH recommendations for drugs, but all of these are kind of lagging. They’re not right out at the front edge of the latest information. Understandably, they have to pass through a bureaucratic filter. And they often don’t link to the primary data, and people are just crazy hungry for information right now. So hopefully, that’ll come to pass over time.

Mr. Jekielek: And some people may be concerned that some of these very, very official sites might be following the kind of, I guess, like approach that you’ve been describing in this episode. So they may be wondering, where can I look to be-

Dr. Malone: That’s exactly right. And many people were coming to my LinkedIn and Twitter feeds seeking that level of information and seemed to have been trusting me as a neutral arbiter of that information. Unfortunately, that’s getting shut down. So I was trying to do it through that vehicle, but I no longer have that channel. And so I really grateful for you in Epoch for making it possible to reach people through this video medium, which many find more useful than reading a dry peer-reviewed academic paper. I don’t know what the answer is right now in a time when people are increasingly distrusting official public health.

Mr. Jekielek: Well, on that note. And we’ll definitely have you back again soon, Dr. Robert Malone, such a pleasure to have you on.

Dr. Malone: Thank you very much."
Related:

A strongly suggested "Must Read":

Wednesday, July 7, 2021

"Should I Run For Governor? Skid Row Los Angeles Hell on Earth; MacArthur Park A Human Crisis"

Full screen recommended.
Jeremiah Babe, PM 7/7/21:
"Should I Run For Governor? Skid Row Los Angeles Hell on Earth;
MacArthur Park A Human Crisis"

Musical Interlude: Poco, "Rose of Cimarron"

Poco, "Rose of Cimarron"

"A Look to the Heavens"

"This popular group leaps into the early evening sky around the March equinox and the northern hemisphere spring. Famous as the Leo Triplet, the three magnificent galaxies found in the prominent constellation Leo gather here in one astronomical field of view. Crowd pleasers when imaged with even modest telescopes, they can be introduced individually as NGC 3628 (right), M66 (upper left), and M65 (bottom). All three are large spiral galaxies but tend to look dissimilar, because their galactic disks are tilted at different angles to our line of sight. 
NGC 3628, also known as the Hamburger Galaxy, is temptingly seen edge-on, with obscuring dust lanes cutting across its puffy galactic plane. The disks of M66 and M65 are both inclined enough to show off their spiral structure. Gravitational interactions between galaxies in the group have left telltale signs, including the tidal tails and warped, inflated disk of NGC 3628 and the drawn out spiral arms of M66. This gorgeous view of the region spans over 1 degree (two full moons) on the sky in a frame that covers over half a million light-years at the trio's estimated distance of 30 million light-years. Of course the spiky foreground stars lie well within our own Milky Way."

The Daily "Near You?"

Fredericksburg, Texas, USA. Thanks for stopping by!

“The Life of Man..."

“The life of Man is a long march through the night, surrounded by invisible foes, tortured by weariness and pain, towards a goal that few can hope to reach, and where none may tarry long. One by one, as they march, our comrades vanish from our sight, seized by the silent orders of omnipotent Death. Very brief is the time in which we can help them, in which their happiness or misery is decided. Be it ours to shed sunshine on their path, to lighten their sorrows by the balm of sympathy, to give them the pure joy of a never-tiring affection, to strengthen failing courage, to instill faith in times of despair.”
- Bertrand Russell

"5 Specific Reasons Why You Should Stockpile Food Right Now"

"5 Specific Reasons Why You 
Should Stockpile Food Right Now"
by Michael Snyder

"For decades, Americans have not needed to be concerned about food prices. Yes, prices would always go up by a little bit each year, but in general we have been extremely blessed for a very long time. Our supermarkets have always been packed with food, and we could always count on the fact that prices would be about the same a month or two down the road. Unfortunately, things are now changing, and not in a good way. A massive wave of inflation has hit agricultural commodities, and food producers have felt forced to pass those cost increases along to consumers. Unfortunately, many experts are anticipating that the price hikes that we are currently witnessing are just the beginning.

So even though food prices have already become quite painful, they are never going to be any lower than they are at this moment. Looking forward, there are several factors that are likely to combine to cause food inflation to accelerate even more in the months ahead. The following are 5 specific reasons why you should stockpile food right now…

#1 Supermarkets are feverishly stockpiling food, and the Wall Street Journal is reporting that they are doing this in anticipation of “the highest price increases in recent memory”… Supermarkets are stocking up on everything from sugar to frozen meat before they get more pricey, girding for what some executives anticipate will be some of the highest price increases in recent memory.

This only makes good business sense. If you can get inventory now for significantly less than you will be able to get it for later, that will help your bottom line. The Wall Street Journal is admitting that all of this stockpiling “is driving shortages of some staples”, but it is expected that these shortages will just be temporary.

I can’t remember a time when we have seen anything quite like this. At this point, some companies are purchasing up to 25 percent more food than normal… "David Smith, CEO of the US’s largest wholesaler Associated Wholesale Grocers, told the Wall Street Journal they have been buying 15 to 20 percent more goods – particularly packaged foods with long shelf lives. ‘We’re buying a lot of everything. Our inventories are up significantly over the same period last year,’ said Smith. At SpartanNash in Michigan, the retailer has bought up around 20 to 25 percent more than normal including frozen meat."

#2 The U.S. government is going to continue recklessly spending money, and the Federal Reserve is going to keep pumping more giant mountains of fresh cash into the financial system. The Biden administration doesn’t seem to have an “off button”, and neither does the Fed. The U.S. national debt is moving up toward the 29 trillion dollar mark very rapidly, and the Fed’s balance sheet has more than doubled over the past year. Unless there is some sort of a dramatic reversal, and I don’t see why there would be, this continual flow of new money will continue to push food prices even higher.

#3 Gas prices keep surging, and this is making it more expensive to transport food around the country. According to the AAA Gas Price Index, the average price of a gallon of gasoline is up 56 percent from what it was last May… "Transport costs are also rising with gas prices rising 56 percent in May from a year ago. On Friday, the AAA Gas Price Index pegged the national average gas price at $3.086, up from $2.171 one year ago."

#4 The endless “megadrought” in the western states just continues to intensify. If you look at the latest U.S. Drought Monitor map, it is a horror show. We haven’t seen anything like this since the Dust Bowl days of the 1930s, and water levels are dropping dangerously low. For example, the water level in Great Salt Lake is expected to hit the lowest level in 170 years this summer… "The lake’s levels are expected to hit a 170-year low this year. It comes as the drought has the U.S. West bracing for a brutal wildfire season and coping with already low reservoirs. Utah Gov. Spencer Cox, a Republican, has begged people to cut back on lawn watering and “pray for rain.”

For the Great Salt Lake, though, it is only the latest challenge. People for years have been diverting water from rivers that flow into the lake to water crops and supply homes. Because the lake is shallow — about 35 feet (11 meters) at its deepest point — less water quickly translates to receding shorelines.

Because there is not enough water, many farmers are having to dramatically reduce the amount of crops that they are growing. Small farmer Mindy Perkovich is only growing produce on one of her seven acres at this point, and she openly admits that she doesn’t know if she will even have enough water for that… "Perkovich typically grows things like turnips, squash and tomatoes for the local market on seven acres. This season, though, she’s had to cut her crops down to less than a single acre. “We don’t know if we’re gonna have water to keep that alive,” she says. “Financially, I can’t really even express how dramatic it’s changed in the last couple years, water-wise, because without water, we can’t grow crops without crops, we have nothing to sell to our consumers.”

Agricultural production in the western states will be lower than originally anticipated this year, and that will also put upward pressure on food prices in the coming months.

#5 On top of everything else, an enormous plague of grasshoppers is now causing massive headaches for farmers in our western states. As I discussed on Sunday, the extremely hot and extremely dry conditions are perfect for grasshoppers, and they have been multiplying like crazy. In some areas, the swarms are so thick that “it can appear the earth is moving”, and there are times when the swarms are so large that they are actually appearing on radar.

Seven states are being hit particularly hard, and the federal government is going to begin a large scale spraying campaign. The spraying may reduce the plague, but all of the experts agree that it will not stop it. Grasshoppers will continue to eat our crops on a massive scale for many months to come, and this is another factor that will be driving up food prices.

So, to summarize, the outlook for the months ahead is rather bleak. A number of factors are going to combine to push prices significantly higher, and so if you can afford to stock up you should be doing so. Our leaders continue to insist that this bout of inflation is just “transitory” and you can believe them if you like. But the truth is that high inflation is here to stay, and what we have experienced so far is just the tip of the iceberg."

"How It Really Is"

 

"I Am An Invisible Man..."

"I am an invisible man. No, I am not a spook like those who haunted Edgar Allan Poe; nor am I one of your Hollywood-movie ectoplasms. I am a man of substance, of flesh and bone, fiber and liquids - and I might even be said to possess a mind. I am invisible, understand, simply because people refuse to see me. Like the bodiless heads you see sometimes in circus sideshows, it is as though I have been surrounded by mirrors of hard, distorting glass.  When they approach me they see only my surroundings, themselves, or figments of their imagination - indeed, everything and anything except me."
- Ralph Ellison, "Prologue to Invisible Man"

"Preparing for a World That Will Never Exist"

"Preparing for a World That Will Never Exist"
by Bill Bonner

YOUGHAL, IRELAND – "Today, we’re still thinking about thinking, and how little of it the thinkers do. Later in the week, we’ll look at how they prevent others from coming to conclusions of their own.

The Financial Times, like The Economist and The Wall Street Journal, is a must-read for the economically literate elite. Princes and policymakers all over the planet have it on their desks. From it, they get much of their information and many of their opinions. Here in little Youghal, Ireland… the local gas station has a single copy of the FT, which it puts aside for us. The only other place in town that carries the paper is the card shop, where the lonely copy stays on the shelf. Many of the opinions in the FT show some real thinking, especially on matters of markets, investments, and personal finance. Our friend, Merryn Somerset Webb, for example, a regular columnist, is always a source of good advice and practical thinking.

Huge Reward: But when the “pink paper” turns to economic policy, the thinking stops. As we will see, people come to think what they need to think when they need to think it. And today’s elite must think that: 

a. They are doing the right thing, 
b. and many of today’s problems would go away if they were allowed to do more of it.

The reward for this kind of lite-thinking is huge. The most elite of the world’s elite are probably America’s top 400 families – less than 1% of 1% of 1% (0.00025%) of the U.S. population. Forty years ago, they had wealth equal to about 2% of GDP. Now, they have 10 times as much – nearly 20%, a gain of about $4 trillion.

But we don’t trust any statistics unless we make them up ourselves. And our own estimate is that the top 10% of the population – roughly, those who own most of the capital assets – gained about $30 trillion over the same four decades. We get the figure by comparing the value of household assets (stocks, bonds, real estate, savings) to GDP. Grosso modo, household assets were equal to about four times GDP… from the end of World War II to the beginning of the 1980s.

After that, assets shot upwards. Now, they total seven times GDP. That difference is about $60 trillion, of which more than half went to the top 10% – for a gain of at least $30 trillion.

Elite Manipulation: So, where did all that new wealth come from? Not from selling more goods and services to the common man. GDP just chugged along as usual. And during that period, guess how much the typical working man’s wages rose in real terms. Zero. His inflation-adjusted earnings are about the same today as they were when people were listening to Rod Stewart on the radio, singing “Do ya think I’m sexy?”

So, how come the rich today are so much richer than the rich then? That is the sort of question you’d think the thinkers ought to think about. Here at the Diary, we’ve answered it, at least to our own satisfaction: the Federal Reserve pushed up asset prices. The rich own assets. Ergo, the rich got richer. But that answer draws “a” (above) into question, leading people to wonder if there weren’t something underhanded about the fake money system. Instead, without ever really understanding the problem, the elite propose “b”… solutions that involve more manipulation by the elite themselves.

Past Is Past: More evidence of this phenomenon came last weekend, with a column by Rana Foroohar in the FT. Ms. Foroohar celebrates the latest move by the forward-looking Biden administration with this headline: "America (Finally) Gets An Industrial Strategy". "[An industrial policy] isn’t about picking winners but simply bringing a smidgen of strategic and long-term foresight to the way America’s economy is run. In a world in which we have to compete with state-run giants like in China, that think on 50-year time horizons, quarterly capitalism simply doesn’t cut it any more (not that it really ever did)."

Good thinking, right? Prepare, plan, plot for the future… even 50 years ahead. Improving life on Planet Earth seems like a worthy goal. But it depends on the most uncertain part of the time spectrum. There is nothing the improvers can do about the past. It has already happened. Wars… deadhead policies and programs… mass murders, government-enforced famines, deportations, ethnic cleansings, depressions (all of them caused by the elite)… all are history. Nothing can be done about them now. So let’s move on.

Future Planning: In our private lives, we are always planning for the future. We plant trees; we write wills; we buy insurance. The future is the only part of our lives we can do anything about. In private policy, planning for our own futures, we at least know what we want. We have a fair idea where we’re going and what means we have to get there. And if we end up somewhere else, it’s our own damned fault for not planning better.

But planning for others… for a nation of 330 million others? It’s a whole different thing. What does the unemployed steelworker want? What about his wife? What will they want in 50 years? And the immigrant from Bangladesh… what’s he after? And what will the price of oil be tomorrow? A year from now? Ten years from now? What about the birthrate? How many people will get COVID-19? COVID-20? How many will still use email? Will Amazon still exist? Will it deliver via drone? Who knows? Not Ms. Foroohar. Or anybody else who says this strategic planning will help “forward climate and equity goals.”

Elite Goals: But whose goals are those? What a surprise… they’re the goals of today’s elite! Thus does the bamboozle come into clearer focus. The planning has nothing to do with adapting to the future (the planners have no way of knowing what it will bring). Instead, it is intended to bend the future in their direction… to create the kind of world the planners want, now. Tomorrow… we’ll look at the sad world the elite of 50 years ago might have planned for us… had they thought about it."

Gregory Mannarino, AM/PM 7/7/21

Gregory Mannarino, AM 7/7/21:
"The US Economy Is Collapsing! Alert - 
The IMF Does A 180! Now Warns Of 'Sustained Inflation.'"
Gregory Mannarino, PM 7/7/21:
"The IMF Warns Again On Surging Inflation
 As The FED Continues To Buy It All"

Tuesday, July 6, 2021

Dan, IAllegedly, PM 7/6/21: "Entire Industries Will Be Eliminated - Employers are Getting Desperate"

Full screen recommended.
Dan, IAllegedly, PM 7/6/21:
"Entire Industries Will Be Eliminated - 
Employers are Getting Desperate"
"This is unbelievable. As the economy suffers you will see entire industries be eliminated because of the huge economic downturn. Employers are getting more and more creative to get people hired and it is coming across as completely desperate."

"Housing And Rent Prices Soared To The Highest Level In 30 Years: Prepare Your Self For Housing Crash"

Full screen recommended.
"Housing And Rent Prices Soared To The Highest 
Level In 30 Years: Prepare Your Self For Housing Crash"
by Epic Economist

"The housing market boom has officially hit the insanity stage. Fierce bidding wars, all-cash offers, homes selling for over $1 million over the asking price are now becoming common events. But the latest increase in home prices is showing the disastrous extent of the housing crisis. Of course, this uncontrolled euphoria isn't happening by accident - it's a direct result of our current monetary policies. Even though home prices keep rising at the fastest pace ever recorded, the Federal Reserve continues to allegedly "boost" the housing market by purchasing $40 billion of mortgage bonds each month.

And while the Fed has finally started to signal it could remove some of its financial support sooner than expected, several experts have been warning that the US central bank is only expanding the magnitude of the housing bubble while it deliberates. That's because the Fed's emergency measures are artificially suppressing mortgage rates and further inflating prices that are already way too high in many markets. In other words, "the Fed just continues to pour more gasoline on that fire," as said Peter Boockvar, the chief investment officer at Bleakley Advisory Group.

However, considering how fast the economy is bouncing back from the health-crisis-induced recession and also how unsustainably high inflation levels are getting, industry specialists are alerting that soon the Fed will have no other choice rather than start tapping the brakes - at least on its bond-buying program. At this point, the latest housing market data is already completely off the charts. The median sale price for a home reached a record $341,600 in April - the highest since the National Association of Realtors began tracking the data in 1999.

Although the housing price bubble is at dangerously high levels right now, policymakers probably won't act fast enough to avert the looming housing crash. For Jason Furman, a top economic adviser, it's clear that "everything in the housing sector is going up in price. House prices are exploding right now," and "it probably isn't the case that the Fed should be continuing to artificially hold mortgage rates down," he said in an interview with CNN.

According to Danielle DiMartino Booth, a former Fed official, the latest price gains make it obvious that the Fed needs to start removing stimulus on the mortgage front. "Ultra-low mortgage rates have helped feed a frenzy in housing," stressed Booth, who is now CEO and chief strategist at Quill Intelligence.

She explained that the central bank's support for an already-booming housing market is pushing millions of first-time homebuyers out of the market and that's a very negative consequence for the overall economy because owning a home is the main way many Americans start to build wealth. So how are Millennials supposed to ever purchase a home in this wildly competitive market? In real terms, how many of them are likely to have enough money saved to make all-cash offers? At the end of the day, as the chief global strategist at JPMorgan Funds David Kelly, recently highlighted, the Fed's support is "making inequality worse [because] you end up subsidizing the rich at the expense of the poor".

Home prices have been so out of touch with reality, that the only alternative left for most Americans is to rent. But on the other side of the economic rebound, the cost of rent is squeezing people still struggling to pay their bills. Several advocates are fearing a major uptick in homelessness as federal and state eviction moratoriums expire.

Already, many renters who have fallen behind in their rent payments have started to be pushed out in the streets. And while it's not clear how long home prices will soar before buyers shy away, or how many people will be displaced because they can’t afford rent, we can explicitly see that the current housing boom has divided those who can afford to stay housed and those who can't.

In fact, home prices are now so absurd that many prospective buyers are just walking away. In April, existing home sales dropped by roughly 3%, the third consecutive month of decline. Considering the scorching hot demand for housing, this indicates there aren't enough homes on the market, at least not affordable ones. "Double-digit price increases are running too hot, to the point that it's slowing things down," as said Boockvar, the Bleakley CIO.

Simply put, the Fed's policies to allegedly "support" housing are actually depressing activity in the market, which means they are doing exactly the opposite of what they are supposed to do. Today's house and rent prices are completely unsustainable and unacceptable. And the more the bubble grows, the highest are the risks. That's why it's safe to say that the next housing crash will hit even harder than the last - so you better be prepared."

Musical Interlude: 2002, “Land of Forever”

2002, “Land of Forever”

"A Look to the Heavens"

"Do you see the horse's head? What you are seeing is not the famous Horsehead nebula toward Orion but rather a fainter nebula that only takes on a familiar form with deeper imaging. The main part of the here imaged molecular cloud complex is a reflection nebula cataloged as IC 4592. Reflection nebulas are actually made up of very fine dust that normally appears dark but can look quite blue when reflecting the visible light of energetic nearby stars. 
In this case, the source of much of the reflected light is a star at the eye of the horse. That star is part of Nu Scorpii, one of the brighter star systems toward the constellation of the Scorpion (Scorpius). A second reflection nebula dubbed IC 4601 is visible surrounding two stars to the right of the image center."

The Poet: Mary Oliver, "What I Have Learned So Far"

"What I Have Learned So Far"

"Meditation is old and honorable, so why should I
not sit, every morning of my life, on the hillside,
looking into the shining world? Because, properly
attended to, delight, as well as havoc, is suggestion.
Can one be passionate about the just, the
ideal, the sublime, and the holy, and yet commit
to no labor in its cause? I don't think so.

All summations have a beginning, all effect has a
story, all kindness begins with the sown seed.
Thought buds toward radiance. The gospel of
light is the crossroads of - indolence, or action.
Be ignited, or be gone."

~ Mary Oliver

"Homeowners In Danger, Foreclosures Inevitable; Dollar Collapse Imminent; Cost Of Living Skyrockets"

Jeremiah Babe, PM 7/6/21:
"Homeowners In Danger, Foreclosures Inevitable; 
Dollar Collapse Imminent; Cost Of Living Skyrockets"

Gerald Celente, "Trends in The News"

Full screen recommended.
Gerald Celente, "Trends in The News"

"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over hype and propaganda to help subscribers prepare for What’s Next in the increasingly turbulent times ahead."

The Daily "Near You?"

Rancho Cordova, California, USA. Thanks for stopping by!

"Curveballs..."

"Just when we think we figured things out, the universe throws us a curveball. So, we have to improvise. We find happiness in unexpected places. We find ourselves back to the things that matter the most. The universe is funny that way. Sometimes it just has a way of making sure we wind up exactly where we belong."
- "Dr. Meredith Grey", "Grey's Anatomy"

"Survival..."

 

"Grotesque Shape of Things to Come"

"Grotesque Shape of Things to Come"
by Bill Bonner

YOUGHAL, IRELAND – "The Sunday papers raised the alarm about “Global Climate Change.” Apparently, people are sweltering almost everywhere – from Dubai to Canada. The newspapers showed frightening maps, with most of the Northern Hemisphere – like Hell itself – colored bright red. Some columnists claimed that large parts of the Earth could soon be uninhabitable if action weren’t taken. Others were confident that we could turn down the world’s thermostat, if we just put our minds to it; that is, if we got behind the elite’s program for climate regulation. “The Ecological and Solidarity Transition,” the French call it. “The Green New Deal,” is how they’re describing it in the U.S.

Liberation: But here in Ireland, it’s hard to get too worked up about the heat. July the 4th was much like every other summer day – with the temperature in the 60s and showers that made it seem even cooler. On the apocalypse maps, Ireland was light green.

Almost every family in Ireland has relatives – often very distant – in America. The 4th of July holiday is well known. Even our minister mentioned it in his sermon at mass on Sunday. “This is America’s Independence Day,” he began, “the day they celebrate their liberation from Britain. And, of course, we got the message on this side of the Atlantic, too, that we could liberate Ireland from Britain. It took another 146 years.

And yes, we can liberate ourselves from a government. We can change the people who rule us – either by force of arms or simply by voting for a different candidate. But we can’t change who we are… or the fundamental rules by which we live. Those rules were never voted on… and never fought over. You can deny them. You can ignore them. But you can’t liberate yourself from them. They are part of who we are… and what we are.”

You can ignore the laws of economics, he might have added. But you can’t ignore the consequences of ignoring them. You can “print” all the money you want, for example. You can manipulate prices. You can run trillion-dollar deficits. You can pay people for not working… and keep zombie businesses alive with “stimmy” money.

Elite Thinking: The elite of a society are supposed to think about these things. About the future. About consequences. About the lessons of the past. About the electric bill, when you leave the lights on… and about what happens when you give a trucker the finger or spend all your money on lottery tickets.

The proles may exercise their muscles… toting that barge and lifting that bale… But the 10% should use their brains. They should be rational… aware of history. They are supposed to lead, not follow. They are supposed to remember dangers and help the society avoid them. They should calm the mob… and throw cold water on irrational exuberance. They are supposed to do good, not just do well for themselves. They are supposed to think about consequences. What amazes us is how little real thinking the thinkers do.

In ancient Ireland, the Brehon Law established that there were five classes of people. The elites were kings and nobles, but included free people with property… and the thinkers. The “ollambh,” or ollave, were the highest class of thinkers… the “professors.” A “shanachie”’ was a professor of history. He was supposed to know consequences… and make sure the kings remembered them, too.

Patrick Weston Joyce’s "A Smaller Social History of Ancient Ireland", explains: "As a Shanachie or Historian, the ollave was understood to be specially learned in History, Chronology, Antiquities, and Genealogies of Ireland… He should know by heart 350 Historical and Romantic Stories. He was supposed to know the prerogatives, rights, duties, restrictions, tributes, etc. of the king of Ireland and of the provincial kings. As a learned man, he was expected to answer reasonable questions and explain difficulties. Once admitted to the coveted ranks, the guerdon was splendid; for he was highly honored, had many privileges and received princely rewards and presents."

Mr. Joyce then seems to have described the arc of life for all elites… But as might be expected, they often abused their position and privileges by unreasonable demands, so that many of them, while admired for their learning, came to be feared and hated for their arrogance.

Power Corrupts: What every group wants is more power… more status… and more wealth. An elite has power. Left unchecked, power corrupts it. It becomes arrogant. Then, it is very hard to resist using the government to get what it wants. That is the story, grosso modo, that we follow every day – in which America’s elite, funded by fake money, has become corrupt, incompetent, and self-serving. Instead of helping us remember the lessons of the past, it wants us to forget… and to believe that the ancient laws no longer apply. The elite has stopped thinking, in other words. More proof tomorrow…"

"How It Really Is"