At base, the markets are a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest mania. In this game, the suckers are the general public who are left holding the bag as the market bubble bursts while the smart money swoops in to buy up the leftover assets at pennies on the dollar. In this week’s edition of The Corbett Report, James Corbett pulls back the curtain on the Wall Street casino and reveals how the house always wins the rigged games.
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TRANSCRIPT
In December of 2020, video game retailer GameStop reported an operating loss of $63 million in the previous quarter on the back of an 11% reduction in the store base. The story—just one of dozens of such reports flooding the financial newswires—meant little to the general public and went largely unnoticed.
Two groups did show an interest in the news, however: the Wall Street vultures who see every faltering company as an easy source of money in the futures markets and a small band of retail investors who saw the potential for the floundering gaming franchise to turn things around.
Within a matter of weeks, these two groups would clash in one of the most spectacular stock market face offs in recent memory. Even the White House got drawn into the saga.
REPORTER: I was concerned about the stock market activity we’re seeing around GameStop and now with some other stocks as well, including the subsidiary or whatever—the company that was . . . Blockbuster?—and have there been any conversations with the SEC about how to proceed?
JEN PSAKI: Well, I’m also happy to repeat that we have the first female treasury secretary and a team that’s surrounding her and often questions about market we’ll send to them. But our team is of course—our economic team, including Secretary Yellen and others—are monitoring the situation.
The human drama in the story made it easily recognizable as a David vs. Goliath narrative. Here was a ragtag band of mom-and-pop—or, in this case, millennial—investors going up against the hudge fund billionaires. And, just as it seemed they may actually have an effect, the full power of the financial and political system seemed to swoop in to suppress them.
But the “revelation” that retail investors are fighting a rigged game against the Wall Street hedge fund behemoths is hardly a revelation at all. In fact, it is merely the latest example in a long series of events showing that the stock market was never meant to bring riches and fortune to the average investor.
Instead, when the story is told in its full context, there is only one obvious conclusion to be drawn:
The stock market is often portrayed in the financial media as a magical crystal ball that can not only tell us about what is happening in the economy, but predict geopolitical events, forecast elections, or even reveal to us the inner workings of the minds of men.
BECKY QUICK: Alright, so polls are one way of trying to figure out who’s going to win. Watching the markets are another. They’re pretty good at predicting elections sometimes, too.
LESLIE PICKER: Valuations on a price-to-earnings basis are below post-crisis averages leading some to believe that decent fundamentals could—emphasis on could—jumpstart the shares higher.
DOMINIC CHU: You’re telling me you don’t have a crystal ball . . .
PICKER: I don’t.
CHU: . . . And I don’t blame you.
PICKER: I don’t. But even I did I couldn’t say it here.
KRISTINA HOOPER: Well, we could very well see some gains, some pullbacks, more gains. Certainly animal spirits are alive and well, but I would argue it’s a very different spirit animal than last year. Since the start of February our spirit animal is probably the chihuahua.
But this is a lie. In reality, the markets are driven not by underlying economic fundamentals, as the public is asked to believe, but by the actions of the central banks.
This is not even a controversial point.
In 2014, the Bank for International Settlements warned that central banks were causing “elevated” asset prices.
A report from the Official Monetary and Financial Institutions Forum that same year warned that “Central banks around the world, including in Europe, are buying increasing volumes of equities” and “The same authorities that are responsible for maintaining financial stability are often the owners of the large funds that have the potential to cause problems.”
And in 2016—in the midst of the historic bull run that has seen the Dow Jones and S&P indexes reach all-time record high after all-time record high—economist Brian Barnier published a report documenting that between the beginning of the Federal Reserve’s quantitative easing program in 2008 and the 1st quarter of 2015, the Fed was directly responsible for 93% of equity value growth in the US.
This modern era of central bank-dominated markets, however, is only the latest version of a game that is as old as the markets themselves. At base it’s a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest market mania. In this game, the “suckers” are the general public who are left holding the bag as the market bubble bursts while the “smart money” swoops in to buy up the leftover assets at pennies on the dollar.
The game was being played as far back as 1814 when a uniformed man posing as the aide-de-camp of Lord Cathcart landed in Dover spreading the false rumour that Napoleon had been killed by a detachment of Cossacks. When the rumours reached London later that day, three men dressed up as French officers in white Bourbon cockades were parading across Blackfriars bridge proclaiming the end of the Napoleonic empire and the restoration of the Bourbon monarchy. By the time the British government officially dispelled the rumour later that afternoon, an elaborate fraud had already played out in the London stock markets. The rumour had kicked off a buying frenzy and the perpetrators of what is now known as The Great Fraud of Cowley—the ones who had started the rumours and hired the actors to help spread them—had already sold 1.1 million pounds worth of government stock into the market peak.
Another bit of market manipulation centering around Napoleon’s military fortunes played out again the next year, in 1815. Nathan Rothschild of the infamous Rothschild banking dynasty used the smuggling network that he and his brothers had built to funnel gold and silver to Wellington’s army to get news of Napoleon’s defeat at Waterloo back to London 24 hours before the official word reached the British government. Although a fancified version of the story involving homing pigeons and Nathan’s acting abilities at the stock exchange are easily dismissed as anti-Semitic slurs by the mainstream press, even the official Rothschild Archive treatment of the incident admits that Nathan Rothschild did receive early warning of Wellington’s victory and he did profit from that foreknowledge in the stock market. Historian Niall Ferguson has written on the subject in detail in his authorized biography of the Rothschilds and even the BBC published a story in 1998 outlining how the conspiracy functioned and how the brothers communicated in secret by writing their letters in the Judendeutsch script they had learned in their childhood in the Frankfurt Jewish ghetto.
The stock market con game isn’t just an historical relic, though. Those with advance knowledge of world events continue to profit from their insider information, sometimes in the most macabre way imaginable.
ANTONIO MORA: What many Wall Street analysts believe is that the terrorists made bets that a number of stocks would see their prices fall. They did so by buying what they call ‘puts.’ If you bet right the rewards can be huge. The risks are also huge unless you know something bad is going to happen to the company you’re betting against.
DYLAN RATIGAN: This could very well be insider trading at the worst, most horrific, most evil use you’ve ever seen in your entire life.
In the wake of 9/11, researchers began to uncover a money trail that proved those with advance knowledge of the attack had indeed used their insider information to profit from the events of that day.
In addition to the Securities and Exchange Commission in the United States, the governments of Italy, Germany, Belgium and other countries began their own investigations into a series of trades betting against companies that were hurt by 9/11—like Boeing, Merrill Lynch, United Airlines, Munich Re and others—and betting on companies that profited from the attacks—including a six-fold increase in call options on the stock of defense contractor Raytheon on September 10, 2001.
In subsequent years, not one, not two, but three separate, peer-reviewed papers concluded that the unusual trading in the weeks prior to 9/11 were “consistent with insiders anticipating the 9/11 attacks.” But incredibly, the SEC investigation into this money trail was abruptly terminated and the records of that investigation were subsequently destroyed.
Why? Because, as researchers like Kevin Ryan, Michael Ruppert and others later discovered, the trail led them to the doorstep not of Al Qaeda, but well-connected American businessmen and intelligence officials.
MICHAEL C. RUPPERT: So right after the attacks of 9/11 the name Buzzy Krongard surfaced. It was instant research that revealed that Buzzy Krongard had been allegedly recruited by CIA Director George Tenet to become the Executive Director at CIA, which is the number three position, right before the attacks.
And Alex Brown was one of the many subsidiaries of Deutsche Bank, one of the primary vehicles or instruments that handled all of these criminal trades by people who obviously knew that the attacks were going to take place, where, how and involving specific airlines.
KEVIN RYAN: I came across this document that had been released: a memorandum for the record of the 9/11 Commission. It was prepared by a staff member of the 9/11 Commission. His name is Douglas Greenberg and he reviewed simply the FBI’s meetings on their communications related to this. This document identified a couple of companies that were flagged by the SEC (Securities and Exchange Commission) and one of them—this was September 21st just ten days after the attacks—one of these companies that was flagged was called Stratesec. And this is a very interesting company because it’s a security company that had contracts for the World Trade Center and Dulles Airport where one of the planes took off on 9/11, as well as United Airlines, which owned two of the other three planes. So this security company, Stratesec, was a very central player in in the events of 9/11, you could say, because they ran security for these different areas in the years leading up to 9/11.
So for them this company stopped to be flagged by the SEC was very compelling and when I looked at this document—prepared by the 9/11 Commission which wasn’t released until 2007—I noticed that the names had been redacted of the stock traders, but I could make out who they were. In particular, one of them was a director of the company Stratesec. He was also a director of a company in Oklahoma, an aviation company. He was also a director of a Washington, DC-based financial organization. With just that information you could tell very clearly that this man was Wirt Dexter Walker. He was the Chief Executive Officer of Stratesec and also a director there. His wife, Sally Walker, was also named in the flagging by the SEC. So I began looking into that.
JEREMY ROTHE-KUSHEL: …the last thing I want to leave you with is the National Reconnaissance Office was running a drill of a plane crashing into their building and you know they’re staffed by DoD and CIA…
ROBERT BAER: I know the guy that went into his broker in San Diego and said “Cash me out, it’s going down tomorrow.”
JEREMY ROTHE KUSHEL: Really?
ROBERT BAER: Yeah.
STEWART HOWE: That tells us something.
ROBERT BAER: What?
STEWART HOWE: That tells us something.
ROBERT BAER: Well, his brother worked at the White House.
Horrific as these instances of insider trading are, an even deeper layer of the story lies in the fact that these trades—unlike the high-profile show trials of Martha Stewart and other stories-of-the-week—never result in prosecutions. The protection afforded the 9/11 inside traders speaks to an even deeper layer of the problem: the use of the markets to line the pockets of insiders and their political cronies is not a bug in the system, but a feature. In fact, the entire system has been designed to be manipulable, ensuring that the little guys never have a chance against the billionaire bankers and hedge funds.
A clue to this story goes back to the most well-known event in stock market history: the Great Crash of 1929. Even there, in the midst of one of the most devastating financial collapses in human history, there was money to be made by insiders who knew what was coming.
One such insider was Albert Henry Wiggin, Chairman of the Chase National Bank and the man who had been instrumental in attracting the Rockefeller family to begin their century-long involvement in Chase. When the market began plummeting on Black Thursday 1929, Wiggin and his fellow banking associates were lauded as heroes for their actions to restore order to the market, which culminated in New York Stock Exchange Vice President Richard Whitney stepping out on the floor of the Exchange and making a great commotion by yelling out orders for key stocks at above-market prices.
Wiggin knew he was covered no matter what happened. Shortly before the Crash, he shorted shares in his own bank by borrowing shares from various brokers at prices he anticipated would fall, at which time he would buy the shares in the market at lower prices and return them to the brokers, making money on the difference. When the Dow stood at 359 on September 23, 1929 (the market had topped out twenty days earlier at 381), he placed what would be a hugely profitable bet that Chase’s stock would fall.
[. . .]
Before shorting those shares, Wiggin executed another profitable and shady strategy, using his bank’s funds to plump the shares up. He placed $200 million of his depositors’ money into trusts that speculated in Chase stock, thus participating in the very pool operations that artificially boosted its price during the run-up to the Crash. He pocketed $10.4 million from these trades, including $4 million from shorting the shares he drove up (after he drove them up) during the two-week period preceding the Crash. His justification for selling his own shares while Chase Securities was pushing customers to buy them was that the price was “ridiculously high.” He had, in effect, bet against all the other Chase shareholders who had trusted in his hype about the firm.
Another person who profited greatly from the financial crash was Joseph P. Kennedy, father of future president John F. Kennedy. The famous story, likely apocryphal but parroted by NPR, The Washington Post, PBS and any number of mainstream outlets, is that Kennedy, a savvy stock trader, knew the market was overheated when a random shoeshine boy gave him stock tips.
If this story is to be believed, Joe’s random interaction with a shoeshine boy in 1929 was one of the most profitable conversations of his life. Not only did Kennedy sell off most of his stock holdings shortly before the crash, he aggressively shorted the markets, meaning that while most of America—and much of the world—was plunged into one of the deepest and most prolonged financial crises in the history of the country, the Kennedy family flourished. In 1977, eight years after Joe’s death, the New York Timesestimated the family fortune to be somewhere between $300 and $500 million.
There are more than enough reasons to doubt that it was actually a brief chat with a shoeshine boy that led to Kennedy’s remarkable good fortune, however. The patriarch of the Kennedy dynasty had a reputation as an unscrupulous businessman, including the persistent allegations that he made his fortune in bootlegging during the Prohibition era. And so it was a shock to the nation when President Franklin Delano Roosevelt appointed Kennedy to head the newly created Securities and Exchange Commission in 1934.
Even the Securities and Exchange Commission’s Historical Society struggles to explain the choice. “Kennedy had profited handsomely from financial manipulation,” their website frankly admits, “but he understood keenly the need to balance the interests of the people with the imperatives of the financial markets.” For his part, when asked why he had tapped a well-known scoundrel like Kennedy to head such an agency, President Roosevelt is said to have replied: “Takes one to catch one.”
That the SEC, the “independent federal agency” tasked with regulating the markets, should have an admitted market manipulator as its first chair should not be surprising when the agency’s track record is examined. Time and again, the SEC has not just allowed market manipulation to take place, but actively facilitated it.
When the largest Ponzi scheme in market history, Bernie Madoff’s unbelievable $64.8 billion investment fraud scam, came to a crashing halt with his arrest in December of 2008, attention turned to the SEC. How could the agency, which had investigated Madoff’s investment firm multiple times, not have halted the scam earlier?
A subsequent Inspector General report made the scope of this “failure” even more unbelievable, finding that “between June 1992 and December 2008 when Madoff confessed, the SEC received six substantive complaints that raised significant red flags concerning Madoff’s hedge fund operations and should have led to questions about whether Madoff was actually engaged in trading.” After excoriating the agency for its incompetence time and again over the course of two decades of failed opportunities, the report concludes:
As the foregoing demonstrates, despite numerous credible and detailed complaints, the SEC never properly examined or investigated Madofi’s trading and never took the necessary, but basic, steps to determine if Madoff was operating a Ponzi scheme. Had these efforts been made with appropriate follow-up at any time beginning in June of 1992 until December 2008, the SEC could have uncovered the Ponzi scheme well before Madoff confessed.
HARRY MARKOPOLOS: I gift wrapped and delivered the largest Ponzi scheme in history to them and somehow they couldn’t be bothered to conduct a thorough and proper investigation because they were too busy on matters of higher priority. If a $50 billion Ponzi scheme doesn’t make the SEC’s priority list, then I want to know who sets their priorities.
Similarly, when Enron shook the markets in 2001 by declaring the then-largest bankruptcy in history after its systemic accounting fraud was exposed, the question of the SEC’s role in the scandal arose. Why had the agency not caught on to the scam? A subsequent Senate Committee report excoriated the commission, noting that the “watchdog” had only opened one (unrelated) investigation into Enron in the past decade, that it repeatedly missed warning signs of corporate misconduct, that it granted the company unusual leeway in using mark-to-market accounting for its transactions and did not even seek to validate the models employed by the energy giant. In the end, the committee concluded that the entire affair represented a “systemic and catastrophic failure” of the SEC.
But the SEC did not use the lessons learned in these “systemic and catastrophic failures” to stop such fraud from taking place in the future. In fact, the Commission responded to these “failures” not by stringently cracking down on these scams, but by helping to facilitate new kinds of untraceable accounting trickery.
In the wake of the signal “failures” of SEC and other regulators to prevent the scandalous accounting fraud and subsequent catastrophic failures of Enron, Worldcom and Tyco, the US Congress passed the Sarbanes-Oxley Act, a federal law intended to “protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes.” The nature of those “other purposes” soon became apparent as the devil emerged from the details of the software that promised to streamline the Sarbanes-Oxley compliance process for companies operating in the new regulatory environment.
One of these software solutions was EmailXtender, an email archiving program designed to help companies comply with Sarbanes-Oxley reporting requirements. The program was supposed to create a permanent record of emails so that auditors would be able to access all communications in the future, but, according to Richard Grove, who was working as a software salesman selling the program to prospective corporate clients, the program actually provided companies with a way to permanently and untraceably delete those records.
RICHARD GROVE: So a few weeks later in August of 2003 I was at a client called the NASD— which later changed its name so it’s now called the Financial Industry Regulatory Authority—and the NASD was looking at our product and they wanted to use it internally. And one of the guys across the table says to me, “Hey, wait a minute. This product has a back door! Because right here where you’re supposed to take this information and put it on the write-once-read-many storage, which is a type of permanent storage,” he said, “There’s this jar file and you can delete the jar file and then there’s no evidence of that transaction whatsoever.”
So he was showing me across a table that there’s a loophole, there’s a back door in a software that allows nefarious transactions to go on and subsequently they didn’t buy the software they’re like, “This is bullshit, this isn’t worth the money. This is not what it’s supposed to be and you should do something about that.” Now, I had management from my side in the meeting so I went to my managers afterwards and I’m like, “What’s this all about and why what’s going on with this?” and I was told not to talk about it.
Concerned with the possibility for mass financial fraud that was being enabled by this software, Grove took his concerns to the SEC. But instead of acting on this information to launch an investigation into the company and the software, the SEC not only dismissed Grove’s warning, but went out and bought that very software for their own use.
RICHARD GROVE: Right now the SEC reports to the President. So at the end of the day when the SEC was telling me they’re not interested, they’re telling me they’re not interested because I’m tying the Bush administration in with billionaire Richard Egan and his company that’s helping these companies do this. Of course they don’t want to sponsor that getting out to the public.
I filed a lawsuit, I represented myself in court against a multi-billion dollar international corporation and after three years—and after proving my case in court, including the fact that the SEC acted with complicity to protect the perpetrators—my case was dismissed on a technicality. Recognizing that the events I proved in court actually happened but were conveniently “outside the statute of limitations for the Sarbanes-Oxley Act.”
And once I understood the purpose of Sarbanes-Oxley regulations was to keep these companies from deleting files and that the back door in the software allow these companies to delete files— and more importantly the fact that someone outside of the company that’s not even associated with the company but has access to that software could launder money or steal money or just delete money from corporations and switch financial records all around without anyone, any investigator, any auditor being able to audit that—those things I thought were interesting. But when the SEC, after I told them, bought the software with the back door in it and started to use it for itself then I knew that the SEC was not there to regulate like I thought it was. They were also, “Hey, we can find a benefit from this back door in a software. We can delete files now. Now we’re above the law!”
But of all the various schemes for manipulating the markets, none have been quite so brazen as the Plunge Protection Team.
Formally known as the “Working Group on Financial Markets,” the Plunge Protection Team, or PPT, was born in the wake of another stock market crash: Black Monday of October 1987. Far from a “conspiracy theory” or “internet rumour,” the formation of the group was announced in the pages of the Federal Register on March 22, 1988, which contained, on page 9421, the text of Executive Order 12631, a seemingly mundane announcement signed by President Reagan on March 18, 1988.
The order, citing “the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987,” goes on to establish a working group of the treasury secretary, the Fed chair, the chair of the Securities and Exchange Commission (SEC) and the chair of the Commodity Futures Trading Commission (CFTC). It empowers the group to “consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible” and to report back to the president.
Hidden behind this innocuous-sounding rhetoric is an organization that has been at work for the last three decades, quietly but documentably intervening to prop up the markets whenever they start plunging—or even sagging.
The name “Plunge Protection Team” comes from a Washington Post article that ran under that headline in February 1997. In that piece, staff writer Brett D. Fromson revealed how the Working Group on Financial Markets (like “defense planners in the Cold War period”) war-game various market cataclysms and their response to them. One scenario Fromson described involves a large sell-off on a Monday morning after a week of tanking markets.
“The chairman of the New York Stock Exchange has called the White House chief of staff and asked permission to close the world’s most important stock market. [. . .] In the Oval Office, the president confers with the members of his Working Group on Financial Markets—the secretary of the treasury and the chairmen of the Federal Reserve Board, the Securities and Exchange Commission and the Commodity Futures Trading Commission. The officials conclude that a presidential order to close the NYSE would only add to the market’s panic, so they decide to ride out the storm. The Working Group struggles to keep financial markets open so that trading can continue. By the closing bell, a modest rally is underway.”
The article acknowledged that each of the Plunge Protection Team’s constituent agencies (the treasury, the Fed, the SEC and the CFTC) have a “confidential plan” on file to deal with a market meltdown. But aside from trivial details (the SEC’s plan is called the “red book,” for example, after the color of the document’s cover) nothing of substance is revealed. How, exactly, do the agencies plan to “keep financial markets open so that trading can continue”?
A major clue to the PPT manipulation puzzle came in the form of a 1989 Wall Street Journal op-ed by Robert Heller, who was at the time exiting a three-year stint as Federal Reserve System governor. Entitled “Have Fed Support Stock Market, Too,” Heller’s op-ed argued that the so-called “circuit breakers” set up after the Black Monday 1987 scare were not sufficient to prevent another recurrence of panic. “Instead,” he opined, “an appropriate institution should be charged with the job of preventing chaos in the market: the Federal Reserve.” In Heller’s vision, the Fed could prevent a market rout by stepping in to purchase stock futures contracts during sell-offs.
Rather than regarding Heller’s piece as a mere op-ed offering a proposal for something the Fed could do in the future, however, some reporters—like John Crudele, the man who drew attention to Heller’s “proposal” in the first place—have suggested that the Wall Street Journal piece was in fact a trial balloon, preparing the public for the eventual revelation that the Fed was already intervening in the markets.
If Heller’s op-ed was a trial balloon, the full truth was finally revealed to the public in the wake of “the day that changed everything.” After all, if the PPT was ever going to intervene to prop up the markets, the pandemonium of 9/11 and the ensuing market sell-off presented them with the perfect opportunity to do so.
And so it was that George Stephanopolous appeared on ABC’s Good Morning America on September 17, 2001, to blithely announce to the American public that their markets were a sham:
GEORGE STEPHANOPOLOUS: What I wanted to talk about for a few minutes is the various efforts that are going on in public and behind the scenes by the Fed and other government officials to guard against a free-fall in the markets. [. . .] The Fed in 1989 created what is called the ‘Plunge Protection Team’—which is the Federal Reserve, big major banks, representatives of the New York Stock Exchange and the other exchanges—and they have been meeting informally so far. And they have a kind of an informal agreement among major banks to come in and start to buy stock if there appears to be a problem. They have in the past acted more formally . . . I don’t know if you remember, but in 1998, there was a crisis called the Long-Term Capital Crisis. It was a major currency trader, and there was a global currency crisis. And they, with the guidance of the Fed, all of the banks got together when it started to collapse and propped up the currency markets. And they have plans in place to consider [doing] that [again] if the markets start to fall.
And, just like when it was calmly admitted in 2016 that the “record bull run” since 2008 had been a Federal Reserve-created mirage, the public was flat-out told in 2001 that the Fed would coordinate with the banks to interfere in the markets as needed. And in both cases, these revelations were promptly memory-holed and ignored in all future reporting of the market’s gyrations.
So what do the manipulations of the Plunge Protection Team actually look like?
On Monday, February 5, 2018, things were playing out on the floor of the New York Stock Exchange much like the “nightmare scenario” painted in the 1997 Washington Post article by Fromson. After a 666-point decline the previous Friday, the Dow Jones was down a further 1,600 points on the day, as big a decline as the index had ever seen. . . . And then, miraculously, late in the afternoon “[s]omeone arbitrarily and aggressively started buying stocks and halved the loss.”
As John Crudele, the journalist that has been covering the PPT and its machinations for decades now, observed at the time:
Nobody has ever proven that the Fed and its friends actually protect Wall Street against plunges. It is, you might say, the Loch Ness monster of the financial world — people get glimpses of something but never see a clear picture.
That’s what happened during the financial crisis of 2007 and 2008. Telephone records I obtained showed numerous calls between then-Treasury Secretary Hank Paulson and contacts on Wall Street on days when the stock market was tanking and the decline needed to be stopped.
The action in stocks on those days looked a lot like what happened on Monday, when the Dow was down nearly 1,600 points and was suddenly jerked back to a smaller loss.
For decades now, a similar scene has played out on days of dramatic market plunges. After an initial sell off, a late afternoon rally by a mystery buyer would reassure the markets and claw back the loss. Sometimes, the manipulation was so obvious it left literal straight lines in the charts. But still, no official word ever came from the Plunge Protection Team itself.
. . . until December 2018, that is. Ten months after Crudele called out the PPT’s actions to prop up the Dow Jones after its 1600 point plunge, then-Treasury Secretary Steve Mnuchin openly announced that he was calling on the Plunge Protection Team to “assure normal market operations” during a December stock slide that was on track to be the worst December in the US markets since 1930. As Forbes put it in their headline about the move: “Mnuchin Calls Plunge Protection Team; Stocks Soar One Day Later.” In the article, Forbes writer Adam Sarhan noted of the events following Mnuchin’s open call to the PPT:
“The market was closed on Tuesday for Christmas but stocks soared 1,000 points (the largest gain since the last bear market during the financial crisis) on Wednesday. Literally, the first day after that call was made. I can’t make this up.”
With a gift for understatement, Sarhan concludes that: “One important lesson investors can learn from the market action over the past decade is that the government plays a very important role.”
From crooked regulators to outright manipulation, from “failed” investigations to insider trading windfalls, the markets have been one big con job on the American public, and the people of the world, since their inception. In fact, there are many more examples of fraud, deception and manipulation that could be documented.
There is, for example, the testimony of Bill Murphy to the Commodity Futures Trading Commission during a hearing on suppression of precious metal prices.
BART CHILTON: But can you give the Commission some specific evidence, some specific examples of how you think that’s occurring, when you think that’s occurring?
BILL MURPHY: Yes I can and I had 11 years worth of evidence that all hangs together here. But somebody came to my attention two days ago of a whistleblower nature that we’re going to handle hand to the press afterwards and we think it’s very important for the American public and this hearing to have this information.
On March 23rd, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Mr. McGuire, formerly of Goldman Sachs, is a metal trader in London. He has been told first hand by traders working for JPMorgan Chase, that JPM manipulates the precious metals markets and they brag how they make money doing so.
In November 2009, he contacted the CFTC Enforcement Division to report this criminal activity. He described in detail the way JPM signals to the markets its intentions to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.
On February 3 he gave two days’ advance warning by email to Eliud Ramirez, a senior investigator for the CFTC’s Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. Then on February 5, as it played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.
It would not be possible to predict such a market move unless the market was manipulated.
In an email on that day, Mr. Maguire wrote: “It is common knowledge here in London amongst the metals traders that it is JPM’s intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in the loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC [allowing] by your own definition an illegal concentrated and manipulative position to continue.”
Or there was the 2010 Flash Crash, the harrowing 35-minute window from 2:32 PM to 3:07 PM on May 6, 2010, when the Dow plunged nearly 1,000 points . . . and then gained most of it back. The incredible and unprecedented swing left traders and financial talking heads completely stymied, but after five years of relentless investigation, the Department of Justice presented the man that they framed as the arch-mastermind that set off the most alarming collapse-and-recovery in the history of the markets: a day trader living in his parent’s house in Hounslow.
NARRATOR: 15 minutes of chaos that shook the world’s biggest markets.
NEWS ANCHOR: What the heck is going on down there?
REPORTER: I don’t know. There is fear. This is capitulation, really.
LIAM VAUGHN: On May 6th, 2010, without warning, the U.S. stock market and futures markets just crashed.
REPORTER: It can’t be there. That is not a real price.
ANCHOR: The flash crash, which wiped a trillion dollars off the value of American companies in five minutes. . . .
LIAM VAUGHN: To look at a price chart, it looked like a kind of runaway elephant.
ANCHOR: It took authorities five years, guys, to track down this lone British trader, allegedly involved in a 2010 flash crash.
REPORTER: Navinder Singh Sarao, dubbed the hound of Hounslow, has been accused of manipulating the market.
REPORTER: U.S. regulators claim he made about $40 Million
Despite the fact that multipleprofessors, mainstream newspapers and even a former rogue trader himself all testified to the impossibility that the incredible rollercoaster of the Flash Crash was really caused by the “spoofing” antics of a lone trader, the story was effectively shelved and the underlying issue of the algorithmically-driven High Frequency Trading—which involves bots performing large numbers of orders in fractions of a second and requires traders to pay millions of dollars to co-locate their servers with the exchanges’ computers to give them a head start on their competitors that is measured in milliseconds—was never addressed.
Or there was the insider trading scandal of 2020, when multiple senators were probed for insider trading after being briefed by the senate’s health and foreign affairs committees about the likely effects of the coronavirus scare in the US.
JESSICA SMITH: Yeah, Adam, several senators are facing criticism this morning after reports that they sold stock after being briefed about the coronavirus. But before the market started tanking, four senators are said to have made trades. But two in particular are facing a lot of criticism.
The first is Senator Richard Burr. ProPublica reports on February 13th he sold between $628,000 to $1.7 million dollars worth of stock in 33 separate transactions. He is the chairman of the Senate Intel committee and he was getting daily briefings about the coronavirus at that time according to Reuters. So there are a lot of questions about why he made those trades.
In fact, there are many, many such examples of market rigging, insider trading and manipulation of stock and commodity prices for the benefit of the bankers and their political allies that could be detailed, not just in the US markets, but in markets around the world. But such an exhaustive list would be, by this point, unnecessary. The markets are rigged, and that rigging is pervasive and systemic.
So it should come as no surprise that the GameStop pandemonium began when it was observed that another common method of market manipulation was taking place on GameStop’s stock: naked shorting.
Naked shorting involves traders taking advantages of loopholes and discrepancies in paper and electronic trading systems to short shares that don’t even exist. In this case, hedge funds, convinced that the flailing gaming retailer was going to go the way of BlockBuster Video and seeing the December 2020 reports of operating losses, began aggressively shorting the stock. By the time the “wallstreetbets” community on reddit discovered the naked shorting operation, the hedge funds were already 140% short on shares of GameStop, meaning that 40% more stock was being sold short than even existed.
This led to the massive short squeeze in January, with redditors and other retail investors buying up shares in GameStop and running up the stock price, forcing the hedge funds to buy up stock to cover their shorts and exposing them to billions of dollars in losses.
But that was only the beginning of the revelations of market rigging in the GameStop saga. The remarkable squeeze was brought to an abrupt halt when Robinhood—the electronic trading platform that burst on the scene in 2014 promising to “democratize the stock market” with its zero-commission trading app—stopped trading on GameStop and other wallstreetbets-driven trades like AMC Entertainment, BlackBerry and Nokia. The official explanation for the trading halt—that Robinhood had to suspend trading in the stocks until it could increase its collateral with the Depository Trust & Clearing Corporation—merely underlines the point that the average mom-and-pop investor will continue to be thwarted from trading while the massive hedge funds and market makers with direct access to the markets will always be able to cover their positions in the event of any popular, “democratic” market activity.
This point was further underlined when yet another aspect of the retail investing scam was revealed: payment for order flow, or PFOF, in which hedge funds pay retail brokerages for access to their customers’ trades. With this information, hedge funds can not only buy orders before they are processed and flip the trade back to the market, pocketing the spread between the buy and sell price, but they can front run orders, effectively cutting in front of the brokerages’ clients to buy hot stocks before the retail investors. As it turns out, Robinhood made nearly $700 million selling their clients’ trade data to the big hedge funds in 2020 alone.
Nor was it a surprise when it was learned that Biden’s Treasury Secretary, Janet Yellen, was paid over $800,000 in speaking fees by Citadel LLC which operates both Citadel—a hedge fund that provided a $2 billion emergency backstop for GameStop short seller Melvin Capital—and Citadel Securities—”a market maker that handles about 40% of U.S. retail stock order flow, including from brokerages like free-trading app Robinhood.” When asked whether Yellen would recuse herself from advising the president on the GameStop situation, White House press secretary Jen Psaki responded that she wouldn’t, saying that Yellen was an expert and that she deserved the money.
REPORTER: . . . And I had a follow-up on the markets and everything that’s happening with GameStop. You did mention, I believe yesterday, that the treasury secretary is monitoring the situation and she’s, kind of, on top of it. There have been some kind of concerns about her previous engagements with Citadel and speaking fees that she has received from Citadel. Are there any plans to have her recuse herself from advising the President on GameStop and the whole Robinhood situation?
PSAKI: Well, just to be clear, what I said was that we have—the treasury secretary is now confirmed. Obviously, we have a broad economic team. The SEC put out a statement yesterday that I referred to. But I don’t think I have anything more for you on it, other than to say, separate from the GameStop issue, the secretary of treasury is one of the world-renowned experts on markets, on the economy. It shouldn’t be a surprise to anyone she was paid to give her perspective and advice before she came into office.
The entire affair grew even more absurd when internet researchers discovered that Jen Psaki’s relative, Jeff Psaki, himself worked for Citadel. The “fact checkers” at Newsweek were quick to rule the story as false, however, not because Psaki’s relative did not in fact work for Citadel, but because “a source close to Jeff” told Newsweek that “Jen and Jeff Psaki are distant second cousins but have no relationship.”
Whatever further twists and turns the GameStop saga takes, the conclusion is foregone: the “little people” may be able to get one past the goalkeepers of the manipulated markets here and there, but those deviations from the standard will always return to the status quo. In the end, the hedge funds and their billions will be protected while the little guy will be misinformed, steered down blind alleys, panicked, tricked into investing in bubbles, and, ultimately, fleeced for the benefit of the financial vultures and their bought-and-paid-for politicians and regulatory friends.
At last the David and Goliath story that has been woven around the GameStop insurrection is revealed for what it is: a story, a fable, a convenient narrative to trick the public back into the phoney, manipulated markets to once again take their place at the casino table. It is designed to trick people into thinking that this time they’ll be able to win against the house. But that is not how a casino works. In the central-bank inflated, derivatives-laden mystery markets of Wall Street, the games are rigged, the dice is loaded, and the house always wins in the end.
None of this is surprising to those who have known for decades that the markets are rigged. But every generation needs to see the deception play out in real time to understand just how deep and pervasive the systemic rot is. From this point on, those who have experienced the effects of this deception only have to answer one question: Are you going to continue to play Wall Street’s rigged game, or are you going to take your chips off the table and invest in local businesses and projects with the people on Main Street?
A new HBO documentary called ‘The Crime of the Century’ lays bare how firms like Purdue used bribery, dodgy marketing, and shady political deals to make fortunes by getting millions hooked on super-strong painkillers.
What would it look like if an illegal international drug cartel were allowed to advertise? Perhaps it might take the form of slick music videos and glossy magazine ads promising an ‘end to pain’. Certainly, they would minimise the negative effects of their drugs on your life, your future, and your loved ones. If questioned about what they were doing, we can imagine them blaming those who use their drugs, not themselves for providing them.
It sounds mad – madder still that anyone would believe them – but this is exactly what has been allowed to happen with large pharmaceutical companies and their marketing of highly addictive opioid drugs.
At least, this is the argument put forward in a new two-part HBO documentary series released this week entitled, ‘The Crime of the Century’. Across its nearly four-hour run-time, director Alex Gibney lays bare the bribery, underhanded marketing tactics, and shady political dealings that enabled the devastating overproduction and over-distribution of synthetic opiates. In devastating detail, the documentary portrays American pharmaceutical companies and the doctors who recklessly doled out prescriptions as elements of a glorified drug cartel – dealers in lab coats, suits and ties.
Systematically overselling the benefits of synthetic opioids and downplaying the risk of addiction, the documentary traces how drug companies are driven to pursue ever stronger and more exotic medications as patents on old treatments run out and profits dry up. In many ways, it traverses territory that is already well known, but is no less useful for highlighting in shocking detail just how much these companies have become a major risk to public health.
This is particularly true in their penchant for ‘discovering’ and treating ever more chronic conditions. While the efficacy of opioids for treatment of acute pain and end-of-life care has been well known, there is little incentive to develop and provide drugs solely for such patients, who tend to be few and far between and whose needs are often short-term. No, the real money is in long-term use in greater numbers. And this is where the dangers of pushing these drugs on patients with any kind of pain became increasingly clear.
Through heart-rending stories of suffering and loss, Gibney adeptly shows how a deadly cocktail of business incentives to push for over-prescription at escalating doses, inherent addictiveness, and, in some cases, communities facing economic despair, combined to produce the ‘perfect storm’ that became the opioid crisis.
In one story, a former heroin addict details his experience being used as a human guinea pig, prescribed a daily dose of pills equivalent to 200 hits of heroin. In another, a victim whose family described her as living a happy, functional life using nothing more than Tylenol was prescribed high doses of a range of opioids and muscle relaxants that regularly rendered her unconscious. One day her husband found her dead next to a phone that she’d attempted to use to call for help.
What could possibly fuel such enormous failure of caution? The obvious answer is greed and profit. Indeed, the meagre payouts and settlements companies like Purdue Pharma were ordered to pay over the years paled in comparison to the eye-watering profits they made misrepresenting their drugs. But the story is much deeper. The ‘opioid epidemic’ itself was preceded by claims that most Americans were actually being undertreated. What is more, they were being left callously to suffer in an ‘epidemic of pain’. Throughout the series, company representatives and even policymakers refer over and over to a ‘growing epidemic’ of pain suffered by millions.
This is what prepared the ground for the epidemic of over-prescription, permitting claims detailed in the documentary like “chronic pain patients can’t be addicts”, and the development of pseudoscientific terms like ‘pseudoaddiction’. The latter reflects an attempt to assuage the growing fears of prescribing physicians that the person before them is indeed becoming addicted to the drugs they were being prescribed. No, they only appear this way because they are in so much pain. You must help them. Prescribe more.
And prescribe more they did.
While it is easy to blame this situation on the greed of companies like Purdue Pharma and the owning Sackler family that lived luxuriously in its shadow, they would not have found such a ready market had they not been able to feed and exploit a culture with a preexisting aversion to pain. Indeed, many of the physicians and sales executives responsible for pushing large doses of highly addictive pain medications justified their actions with their belief that a life with pain was a life not worth living. They had convinced themselves that any pain was worse than death.
Supplanting everything that once made life meaningful, the pursuit of health and even mental health have become ultimate goals. The notion that one might tolerate pain, whether physical or psychic, is seen as beyond the pale. It is no longer, ‘what doesn’t kill you makes you stronger.’ Any pain or negative experience is seen as intensely damaging to the human psyche.
In a life without meaning, any pain becomes unbearable. We all become patients in waiting. Easy targets for these drug dealers in suits and ties.
Ashley Frawley is a Senior Lecturer in Sociology and Social Policy at Swansea University and the author of Semiotics of Happiness: Rhetorical Beginnings of a Public Problem.
Four of President Donald Trump’s executive orders have been quietly reversed by the new Biden administration on Friday.
The news was announced by the White House on late Friday and those media outlets who attempted to get any further comment and clarification were out of luck at the time, as the White House remained silent.
One of the four executive orders the former president had signed was called, Preventing Online Censorship.
The executive order came along – and perhaps “prophetically” – before the unprecedented wave of online censorship in the wake of the November 2020 US elections – and the political and physical turmoil during the long weeks the US was trying to count that vote, that culminated in the Capitol Hill protests in early January – but perhaps far more reaching decision by Twitter to ban the account of a sitting president.
The order the Biden administration has now annulled originates in May 2020, when several of Trump’s tweets got labeled as “misleading.”
The executive order at the time accused Twitter of “now” selectively slapping warning labels (meant to undermine authenticity, and ease of access to these tweets) as a reflection of the social media company’s own political bias.
The executive order also mentioned Twitter at the same time turning a blind eye to perpetrators of what many at this time already saw as a Russian collusion hoax, like Adam Schiff. His tweets never got flagged for political bias, the order read.
The order meant that the commerce secretary was to submit a petition to the Federal Communications Commission over social media companies’ practices, while the U.S. attorney general was asked to consider enforcing anti-censorship states laws.
According to the EFF, Biden’s move to revoke the order of his predecessor on this issue came after a letter from Rock The Vote, Voto Latino, Common Cause, Free Press, Decoding Democracy, and the Center for Democracy & Technology, who said the order was “a drastic assault on free speech designed to punish online platforms that fact-checked President Trump.”
These organizations also filed lawsuits against the Trump executive order – a case that now seems to be resolved with the Biden administration’s move.
Muslims allegedly being treated badly in China? Terrible human rights atrocities that need to be stopped. Muslims being bombed, murdered and driven from their homes in Gaza? Meh, they’re anti-Israel terrorists.
As Gaza burns and rages on, and Palestinians’ homes are turned into their graves, the West’s two-faced hypocrisy towards Muslims has never been clearer.
Unsurprisingly, despite the climbing death toll, condemnation from the West at Israel’s military action has been non-existent. The United States has blocked a UN Security Council Resolution over the matter, while its secretary of State, Antony Blinken, unironically tweeted a celebration of the Muslim Eid Festival.
In the absence of such condemnation, there was at the same time nonetheless a concerted and observable push by the mainstream media and US-affiliated organizations yesterday to put the Xinjiang autonomous region of China back on the agenda.
Several stories were tactically released, including a report from the National Endowment for Democracy-funded Uighur Human Rights Project accusing China of imprisoning Imams on trumped-up charges, while another from the US State and arms industry-funded Australian Strategic Policy institute accused them of demolishing mosques. At the same time, the US and its allies lobbed accusations at China in the United Nations and Blinken branded Xinjiang an “open-air prison”.
The West is pushing the Xinjiang issue hard and selectively, while ignoring long-term sustained atrocities regarding Palestine. They then wonder why Muslim countries largely offer support to Beijing on this matter and don’t take the West’s word for it. The answer is because, unwittingly, the Israel-Palestine conflict (like all the other Western-backed conflicts surrounding it), remains the primary wedge of geopolitical distrust between the Islamic world and the US and its allies.
These countries have no reason to take America’s human rights rhetoric seriously due to the devastation it has inflicted on the Middle East, and they subsequently share a common interest with China on the norm of defending “national sovereignty” from outside interference.
The West advocates to its own public an image of benevolence and sincere self-righteousness, masquerading and rebranding what was otherwise a longstanding history of imperialism, as a global force for good and justice. As what is deemed “morally correct” overlaps with what constitutes “political truth” in Western theory, few of its citizens question the utilization of human rights as an extension of politics or the idea such a premise could possibly be motivated by dishonesty, economic power or malign intent; to be honest about it is rendered a form of “blasphemy”. Thus, what is deemed “universal human rights” are not truly universal at all.
Countries in the Global South, especially in the Middle East, recognize this. In their experience, human rights have been persistently used as a pretext by Western countries to advance strategic and military goals in order to dominate them, as opposed to a truthful effort to improve people’s liberties and quality of life. And which are subsequently ignored when it suits the West, especially in matters of a much greater grievance to the Islamic world such as the Israel-Palestine conflict, which has been the keystone of anti-Western sentiment and ideology in the Middle East since the first Arab-Israeli war of 1948.
There have been many Western interventions in the region, mostly in a period between 1991-2012, justified on the grounds of human rights, such as Iraq, Libya and Syria. Concerning the latter, the West has accused Bashar Al-Assad of killing civilians in the decade-long civil war and called for his removal. Yet at the same time, the West has continually endorsed long-standing killings of civilians by Israel against Palestinians, and enabled that country’s expansionist policies in occupied territories, its unbridled aggression against many of its neighbours, and failed to resolve the seven-decade-long conflict.
In this case, if you are a Muslim country, why would you believe the US and its allies when they suddenly start crying atrocity, genocide and claiming they are standing up for the rights of a Muslim minority group in Xinjiang? Does this, for any Muslim country, have any real credibility?
The same countries who destroy Middle Eastern countries with war and bombings, and refuse to condemn Israel even modestly, now frame themselves as the guardians of Muslims? It’s no surprise that Muslim countries have not joined in the West’s chorus of condemnation, but have offered support to China’s policies. Even if they do not agree ideologically with China as an atheist, communist state, there’s one important point regarding Xinjiang that creates a space of common interest: defence of national sovereignty.
Irrespective of what they may think about events on the ground in Xinjiang, Muslim countries are largely post-colonial states which have suffered, and continue to suffer, from Western interference. Therefore, China’s norm of “non-interference in one’s internal affairs”, combined with its emphasis on defending sovereignty against Western intervention, is an attractive and logical solution to Muslim countries. Why would any such nation jump on the Xinjiang bandwagon and promote the idea that the West should be allowed to assault a country on the pretext of human rights? What might this mean for them?
Muslim countries support China on Xinjiang for a myriad of factors, have no good reason to trust the West, and recognize that the US, the UK and other such countries crying foul on this issue are doing so out of political motivations, as opposed to a sincere concern about the well-being of Islamic people.
As Gaza’s buildings are razed and its people slaughtered, the silence and indifference on this issue speaks louder than words concerning the West’s position on “human rights”. Let us end with this comparison: Palestine is an issue which Muslim countries are angry about, which is ignored by the Western elite; Xinjiang is an issue which the US-led alliance is angry about, that they desperately want Muslims to be furious about on the West’s behalf, but is rightly being ignored.
Tom Fowdy is a British writer and analyst of politics and international relations with a primary focus on East Asia.
If you were online last year around this time, your social media timeline was likely flooded with an endless stream of stories and memes featuring bats.
The coronavirus was just gaining steam back in January of 2020 and rumors were swirling that the virus started because Chinese people ate “bat soup.”
While most of the bat-themed stories and memes were outlandish, the Worldwide Health Organization (WHO) did admit that Covid-19 and bats are most likely ancestrally linked. However, that’s where they say the connection ends. WHO still claims the origins of Covid-19 remain a mystery.
Until now…
A bombshell investigative report from Fox News host Steve Hilton has shed all-new light on the origins of Covid-19, and according to the report, it has nothing to do with bat soup and everything to do with Dr. Fauci and ferrets.
Yes, ferrets.
Ferrets are those adorable-looking furry little weasels that many Americans keep as pets… and Dr. Fauci is that annoying little weasel Americans can’t get rid of.
And when these two weasels finally came together inside a research lab in Wuhan, China, something unthinkable occurred — a deadly and destructive pandemic was created and unleashed upon the world.
That’s what Steve Hilton is claiming in his new investigation into the origin of the Coronavirus pandemic.
However, the story of Covid-19 doesn’t start in Wuhan, China. It actually began about ten years ago in a Netherlands research lab.
An innovative epidemiological study took place at Erasmus Medical Center in the Netherlands. Researchers were looking to discover different ways respiratory viruses reacted in humans. Scientists used ferrets in their study because ferrets have similar pulmonary structures to humans, with well-developed respiratory bronchioles and submucosal glands.
Specifically, researchers wanted to know if a non-airborne virus could be mutated in order to become a contagious airborne disease.
So, in order to find this out, researchers injected the ferrets with a flu virus and after a series of tests, they discovered that yes, non-airborne viruses could be manipulated to become much stronger and spread via respiratory droplets.
The findings were groundbreaking and this study paved the way for an entirely new type of scientific genomics research called “gain-of-function.”
The point of gain-of-function research was to replicate in a lab what had been done with the ferrets in the Netherlands — to take a virus and manipulate and mutate it to make it “stronger” in order to see if it will “gain new function.”
On the surface, it sounds a bit ghoulish and almost “Frankenstein-like,” but imagine the advances medical research could make in the field of virus testing and vaccines simply by recreating these viruses in a lab.
Gain-of-function research was based on the philosophy, “keep your friends close, but your enemies closer.”
However, when you keep your enemies that close, you run the risk of getting burned.
Creating these ungodly strong and highly contagious viruses for research purposes could lead to an accidental or nefarious catastrophe of epic proportions.
But even so, and despite the danger, many in the scientific community believed the potential for progress outweighed the tremendous risks involved.
Dr. Anthony Fauci was one of those people.
The gain-of-function research quickly spread to labs all over the world and the money was flowing in from all corners of the globe, including the United States.
According to a Newsweek piece written in 2019, the National Institutes of Health (NIH) and the Fauci-led National Institute for Allergy and Infectious Diseases (NIAID), committed $3.7 million dollars to research bats and coronaviruses in China over a six-year period.
It’s worth noting that in the Newsweek piece US intelligence backtracked from their earlier claims that the coronavirus outbreak occurred “naturally,” and conceded that the pandemic “might” have started from a leak in the Wuhan lab.
But this new research wasn’t just about bats. It went deeper and darker than that. As a matter of fact, Dr. Fauci was among the first to fund the controversial gain-of-function ferret research in Wuhan, China. Fauci was so committed to the controversial work that back in 2011 he wrote an op-ed in The Washington Post, entitled, “A Flu Virus Risk Worth Taking,” where he vigorously defended gain-of-function research.
But something very interesting took place right before Obama’s moratorium on gain-of-function took effect.
Dr. Fauci had commissioned a study to assess the risk of new coronaviruses emerging from wild animals. Fauci wanted to see what viruses could infect animals and humans. The directive behind the research and written in the project summary was gain-of-function manipulation.
But the Obama admin was getting cold feet about the program.
While many in the scientific community (like Fauci) were very excited by gain-of-function research, the more popular it became, the more scrutiny it received, and significant security issues were being raised. Eventually, the controversy got to be too much and in 2014 the United States pulled the plug.
NPR reported that the Obama administration was concerned about any research that could make the viruses more dangerous, so they wanted to stop and review studies to see if they could make these germs capable of causing more disease or spreading easily through the air.
Gain-of-function studies, or research that improves the ability of a pathogen to cause disease, help define the fundamental nature of human-pathogen interactions, thereby enabling assessment of the pandemic potential of emerging infectious agents, informing public health and preparedness efforts, and furthering medical countermeasure development. Gain-of-function studies may entail biosafety and biosecurity risks; therefore, the risks and benefits of gain-of-function research must be evaluated, both in the context of recent U.S. biosafety incidents and to keep pace with new technological developments, in order to determine which types of studies should go forward and under what conditions.
In light of recent concerns regarding biosafety and biosecurity, effective immediately, the U.S. Government (USG) will pause new USG funding for gain-of-function research on influenza, MERS or SARS viruses, as defined below. This research funding pause will be effective until a robust and broad deliberative process is completed that results in the adoption of a new USG gain-of-function research policy 1 . Restrictions on new funding will apply as follows: New USG funding will not be released for gain-of-function research projects that may be reasonably anticipated to confer attributes to influenza, MERS, or SARS viruses such that the virus would have enhanced pathogenicity and/or transmissibility in mammals via the respiratory route. The research funding pause would not apply to characterization or testing of naturally occurring influenza, MERS, and SARS viruses, unless the tests are reasonably anticipated to increase transmissibility and/or pathogenicity. [PHE.gov]
But Dr. Fauci didn’t stop funding gain-of-function.
That little weasel kept digging…
Fauci kept the research alive by cleverly subcontracting the work out to a New York group called Eco-Health Alliance, led by Zoologist Peter Daszak. Daszak’s claim to fame is discovering the link between bats and SARS.
Fauci paid the three-plus-million dollars to Eco-Health Alliance and the research continued.
But here’s the wildest part…
According to Steve Hilton’s bombshell report, Eco-Health then turned around and subcontracted the gain-of-function portion of Fauci’s research back to the Wuhan Institute of Virology.
Hilton says the paperwork from Wuhan has a “reference number” attached that leads directly back to the funds Fauci paid to Eco-Health Alliance.
All roads lead back to Wuhan, and Fauci is driving the car.
It’s no secret that Fauci funded the Wuhan lab, there’s been a lot of reporting on his “general funding.” However, Steve Hilton’s bombshell report uncovered gory details about the specific work that was being done which nobody has reported on thus far.
According to the Wuhan paperwork that Mr. Hilton downloaded, the lab collected bat feces from a cave in China and discovered many cases of novel Coronavirus in the samples. Researchers analyzed and sequenced their genetic information, then built new viruses off of those samples and infected human cells with them. That research revealed that their man-made viruses could actually behave exactly like a natural virus.
But it’s what researchers unlocked that is the most terrifying of all.
According to the report, the lab’s creation and research of the virus unlocked a very specific “gateway” into the human body. And even more curious and creepy is that the Covid-19 virus that we’re dealing with today has those exact same gateway characteristics.
Do you believe in coincidences? I don’t…
The Covid-19 virus sticks to cells 10-20 times stronger than the SARS virus did, and this is what makes Covid-19 so incredibly contagious.
Take a look at what happens when Covid enters the body:
Coronavirus enters the body through the nose, mouth, or eyes. Once inside the body, it goes inside healthy cells and uses the machinery in those cells to make more virus particles. When the cell is full of viruses, it breaks open. This causes the cell to die and the virus particles can go on to infect more cells.
The viruses created during the Wuhan research are not exactly the same as the Covid-19 virus we’re dealing with today. However, as Mr. Hilton points out, the research that was done confirmed that Covid-19 could be manufactured in a lab using the same techniques that were developed in Dr. Fauci’s project.
In addition, Fauci’s project continued for another three years.
Today’s Covid virus is different than any other “natural” virus we’ve seen in the past. Natural viruses become more contagious over time as they naturally mutate, but today’s virus already had that feature “built-in” right out of the gate.
The paperwork from Dr. Fauci’s project explains how researchers swapped viruses from bats and other animals in order to make more infectious viruses to study.
And even more curious was what Chinese Virologisst Shi Zhengli said — she explained that the “backbone” of this Covid-19 virus matches other man-made viruses from the Wuhan lab library.
According to Steve Hilton, experts say that Covid-19 looks like two different strains from bats, and another unidentified animal… possibly the ferret again?
The question is this — can something like Covid-19 happen naturally? And if so, why does it look and act so similarly to man-made viruses from just a few years before, many of which are from Dr. Fauci’s personal disease vault?
More coincidences? They’re really piling up now.
I don’t believe in coincidences, but I also don’t know how Covid came to be or how it was unleashed on the world. But I do think that Steve Hilton’s investigation is the most in-depth and compelling that we’ve seen thus far. It definitely puts Fauci in the thick of things in a very precarious way, and it opens the door to a lot more questions.
Personally, I find it very hard to believe that all of this groundbreaking research was going on without Obama’s knowledge. He’s a man that loves to “weaponize” things. That’s what his entire legacy consists of — weaponized IRS, Intel, and media.
Was Dr. Fauci hiding the research from Obama, or were Obama and Dr. Fauci hiding the research from everyone else? And after all of this information we just digested, is it so far-fetched to ask if Dr. Fauci’s project and research were used later for something horribly nefarious in order to regain power?
Or was everything just one big coincidence?
All good questions and the American people deserve answers.
This is the video that outed Dr. Fauci’s gain-of-function research, and right now, everything he’s worked for hinges on whether or not Americans see this video and demand answers. If that happens, Fauci is likely done for.
ALL THE EVIDENCE.
FAUCI MONEY / ECOHEALTH ALLIANCE / GAIN OF FUNCTION VIRUS RESEARCH / WUHAN INSTITUTE.
All the cover ups, even the reason for the Mink cull. All here. Steve Hilton investigates origins of COVID-19, links to US commissioned research. https://t.co/xI7Gq7m6gG
If there was ever a surer example of the perversion of the Power of Experts than the Covid Mask Mania, I am unaware of it. I doubt that there is a single self-aware person in the world that does not know what the Covid Mask Mania means, even most of those who have been stanch supporters and promoters of The Mask are aware that it is, in fact, a product of a world-wide Mass Hysteria that grew out of the unknowns surrounding the outbreak of a novel coronavirus in Wuhan, China in late 2019.
Those of you who still have the ability to remember the recent past, despite endless propaganda aimed at making you forget, the original CDC Guidance on Face Masks for Covid-19 was this:
Wear a facemask if you are sick
If you are sick: You should wear a facemask when you are around other people (e.g., sharing a room or vehicle) and before you enter a healthcare provider’s office. If you are not able to wear a facemask (for example, because it causes trouble breathing), then you should do your best to cover your coughs and sneezes, and people who are caring for you should wear a facemask if they enter your room. Learn what to do if you are sick. If you are NOT sick: You do not need to wear a facemask unless you are caring for someone who is sick (and they are not able to wear a facemask). Facemasks may be in short supply and they should be saved for caregivers.
The Famous Fauci, back when he was just Director of the National Institute of Allergy and Infectious Diseases and not yet a global media star – let me be clear, we are talking about when Dr. Anthony Fauci was the nation’s leading expert on infectious diseases of all kinds – he said the following in a televised interview on March 8, 2020:
Here’s what Fauci told Dr. Jon LaPook, chief medical correspondent for CBS News, in the clip circulating on social media:
LaPook, March 8: There’s a lot of confusion among people, and misinformation, surrounding face masks. Can you discuss that?
Fauci: The masks are important for someone who’s infected to prevent them from infecting someone else… Right now in the United States, people should not be walking around with masks.
LaPook: You’re sure of it? Because people are listening really closely to this.
Fauci: … There’s no reason to be walking around with a mask. When you’re in the middle of an outbreak, wearing a mask might make people feel a little bit better and it might even block a droplet, but it’s not providing the perfect protection that people think that it is. And, often, there are unintended consequences — people keep fiddling with the mask and they keep touching their face.
LaPook: And can you get some schmutz, sort of staying inside there?
Fauci: Of course, of course. But, when you think masks, you should think of health care providers needing them and people who are ill. The people who, when you look at the films of foreign countries and you see 85% of the people wearing masks — that’s fine, that’s fine. I’m not against it. If you want to do it, that’s fine.
LaPook: But it can lead to a shortage of masks?
Fauci: Exactly, that’s the point. It could lead to a shortage of masks for the people who really need it.”
Other than adding a link to the definition of schmutz – I have not highlighted any of Faucci’s statement. I don’t need to catch Fauci out in anything because Fauci was absolutely scientifically correct in everything he said. In this, he totally depended on the existing science on the prevention of the transmission of coronavirus illnesses. And the science on the topic has not changed – if anything, it has been reinforced over and over throughout the Covid-19 pandemic.
Yet, FactOpinionCheck.org decided that Fauci, the USA’s leading expert on Infectious Diseases and their transmission, was not expert enough – so they check his knowledge against the opinion of the Director of the CDC? No…. against the opinion of Dr. Dean Winslow, a well-known infectious disease physician at Stanford (University) Health Care who told FactOpinionCheck.org:
“In early March, so few patients had been tested that public health officials didn’t yet know that people could spread the virus without showing symptoms, said Winslow.
“That was just not known at that point.”
There was no new science that suddenly made masks effective for the general public but something maybe about Covid-19.
And what does that science really say? “… there’s little scientific evidence that the various face coverings we call ‘masks’ do much if anything to stop the spread of the coronavirus.” [ source ] There are just too many peer-reviewed, high-powered, definitive studies and meta-analyses to list here. The Big List of such studies is in the book: “The Price of Panic. . . .” by Jay W. Richards, Douglas Axe, and William Briggs.
It is, of course, as in all things that deal with the political interference in things that should depend on strict empirical science, worse than that.
In April 2020, the Famous Fauci said
“So, we want to make sure that this issue of having a broader community approach towards putting on a facial covering doesn’t, in fact, get in the way of the primary purpose of masks.
[ which was, he had just explained: “masks that are most appropriately used and necessary for the front-line health care workers, who do need it for the clear and present danger that they find themselves in when they are taking care of people who are actually sick with coronavirus disease.” ]
And in that regard, that’s why what we’re talking about are things that may not necessarily need to be a classical mask, but could be some sort of facial covering.
You know, we’re pretty good in making things in a way that spontaneously becomes effective just because of your own creativity.”
Once the CDC changed it’s tune on masks, demanding that The Mask be worn at all times under almost all circumstances, the rhetoric ramped up not only demanding that everyone everywhere wear masks, but accusing those who fail or refuse to wear masks of “killing their grandmothers” (Andrew Cuomo – Governor of New York – a charge he repeats in the present about those who don’t get vaccinated).
In a mass-hysteria-type reaction, everyone who could find a public megaphone jumped on the bandwagon, making wilder and wilder public statements about the deadly-serious importance of wearing masks:
“Everyone should wear a mask,” Blumberg said. “People who say ‘I don’t believe masks work’ are ignoring scientific evidence. It’s not a belief system. It’s like saying, ‘I don’t believe in gravity.’
“People who don’t wear a mask increase the risk of transmission to everyone, not just the people they come into contact with,” he said. “It’s all the people those people will have contact with. You’re being an irresponsible member of the community if you’re not wearing a mask.” [ source ]
Wearing a mask became a virtue signaling bellweather: “I’m a good person, a patriot, a saint….” Because I wear a mask, even in my own home or when alone in my car.
And now?
In an unexpected change of heart (must have been as there has been no new science or breakthrough understanding), the CDC has said:
Vaccinated Americans May Go Without Masks in Most Places, Federal Officials Say
Fully vaccinated people do not have to wear masks or maintain social distance indoors or outdoors, with some exceptions, the C.D.C. advised. [ source ]
Directly from the CDC:
“Update that fully vaccinated people no longer need to wear a mask or physically distance in any setting, except where required by federal, state, local, tribal, or territorial laws, rules, and regulations, including local business and workplace guidance
Update that fully vaccinated people can refrain from testing following a known exposure unless they are residents or employees of a correctional or detention facility or a homeless shelter”
That’s 26 out of 50 states with no mandate before the new CDC guidelines.
So far today:
Kentucky Governor Andy Beshear says the state’s mask mandate will end June 11, 2021. On that date, the Bluegrass State will also return to 100% capacity at venues and events. [ source ]
Minnesota — Following New CDC Guidance, Governor Walz Announces End to Statewide Face Covering Requirement — Minnesota will align with CDC guidance and recommend unvaccinated Minnesotans continue to wear face coverings indoors [ source ]
North Carolina has removed its indoor mask mandate for most settings and lifted all mass gathering and social distancing limits. This step forward is effective immediately and follows yesterday’s guidance from the CDC. [ source ]
Rhode Island — paraphrasing “fully vaccinated people, as of this coming Tuesday, will no longer need to wear masks or social distance”. [ source ]
Michigan – paraphrasing “everyone who is two weeks out from their second vaccine dose can go without a mask”. [ source ]
Oregon – “Starting today, Oregon will be following this guidance, which only applies to fully-vaccinated individuals. That means Oregonians who are fully-vaccinated no longer need to wear masks or social distance in most public spaces.” [ source ]
Florida — “Floridians should not be penalized for rejecting the overreach of local authorities through unnecessary mask mandates,” [Governor] DeSantis wrote on Twitter Thursday about his decision to pardon the Carnevales. [ who had been arrested for failing to require masks and social distancing at their business, a gym.]” “The governor confirmed his intentions to pardon people at a press conference Thursday in Ormond Beach, Florida, saying he would “remit” the remaining outstanding fines that have been issued against people at the state’s next clemency meeting.” [ source ]
Connecticut — Masks Not Required Indoors For Fully Vaccinated People in Connecticut Starting May 19: Governor [ source ]
Illinois – “Gov. J.B. Pritzker says that he will revise executive orders to sync up with new CDC guidelines on mask wearing by vaccinated individuals in indoor and outdoor spaces.” [ source ]
Nevada – “On May 3, Gov. Steve Sisolak signed an emergency directive updating mask and face covering requirements for the state to align with the CDC’s recommendations, including any subsequent guidance. As a result, the new guidance from the federal agency became effective immediately, according to a news release from the state.” [ source ]
Pennsylvania – “In short, the Health Department says it is following the CDC’s lead. That means Pennsylvanians who are fully vaccinated no longer have to wear masks outdoors or indoors except in certain situations.“ [ source ]
Washington – “Masks off: Fully vaccinated people can shed masks in Washington, [Washington Governor] Inslee announces following new CDC rules” [ source ]
New York – “Governor Andrew M. Cuomo today announced that New York State will adopt the Centers for Disease Control and Prevention’s new guidance on mask use for fully vaccinated people. The guidelines state that fully vaccinated people, defined as two or more weeks after receiving the second dose of the Pfizer or Moderna vaccine or the single-dose Johnson & Johnson vaccine, no longer need to wear masks outdoors, except in certain crowded settings and venues.” [ source ]
Virginia – “Governor Ralph Northam today lifted Virginia’s universal indoor mask mandate to align with new guidance from the Centers for Disease Control and Prevention (CDC). Governor Northam also announced that Virginia will ease all distancing and capacity restrictions on Friday, May 28, two weeks earlier than planned. The updates to Virginia’s mask policy …. will become effective at midnight tonight along with previously announced changes to mitigation measures.” [ source ]
Colorado – “Coloradans who are fully vaccinated are no longer required to wear masks, and people who aren’t vaccinated are only required to wear them in limited settings, Gov. Jared Polis said Friday.” [ source ]
Delaware – “Governor John Carney on Friday announced that – effective May 21 – the State of Delaware will lift its requirement that Delawareans and visitors must wear face coverings anytime they are indoors with others outside their household. Delawareans should instead follow masking guidance issued on Thursday by the Centers for Disease Control and Prevention (CDC) for all indoor and outdoor activities.” [ source ]
West Virginia – “West Virginia Governor Jim Justice announced that he is signing an executive order to modify the face covering requirement during a press conference on Friday. The governor says West Virginia will immediately begin following the updated CDC guidance for those who are fully vaccinated. The facial covering requirement will still apply to those who have not been vaccinated until June 20.” [ source ]
The Governors of the states (in the United States) are announcing allegiance to the CDC so quickly that I literally cannot keep up with adding them in above as I write this column.
How long do you think the other governors, who have not yet fallen into line with the new (and very welcome) diktat from the CDC, can delay? Does anyone think that citizens of one state seeing freedom restored in the neighboring state will not demand the same freedom?
I think that reasonable people will realize that the mask mandate was unnecessary from the beginning — especially as The Science from The Epidemiologists has been telling them all to expect to have to wear masks for at least another six months, a year longer, two years, or maybe forever. In a poll conducted by the NY Timesthat was completed just 4 days ago, 81% of professional epidemiologists expected mask mandates to continue for at least 1 more year. 52% expected masking to last for more than a year. The minimum expected was “a few more months”. Up until yesterday, Epidemiologists representedThe Science…. no longer, they have been kicked to the curb.
In my opinion, this new CDC Guideline breaks the back of the oppressive Covid-19 Panic Power Grab by presidents, governors, city councils and mayors who have reveled in their free pass to rule by executive order under emergency powers without oversight by elected law makers.
There will be no going back, I don’t think the people will stand for it, at least not in the United States.
Biden’s energy secretary used the Colonial Pipeline hack to tell everyone to ditch their gas-guzzlers for electric cars. The average price of an electric vehicle is $55,600. She has no idea what life is like for working Americans.
“Let them eat cake,” A phrase infamously attributed to the doomed queen of France, Marie Antoinette, when she was told the peasants had no bread, has become synonymous with out of touch elites. It illustrates the detachment of someone of great status and wealth when they speak ignorantly about the lives of the average man, for they have no comprehension of their struggle.
But in 2021, we aren’t talking about bread, we are talking about gasoline. Following a fuel shortage brought on by the Colonial Pipeline being hacked, Biden’s energy secretary, Jennifer Granholm, made a bit of a faux pas.
Asked about what Americans should do as lines grew ever longer at gas stations, Madame Granholm said: “Yeah, I mean, we obviously are ‘all in’ on making sure that we meet the president’s goals of getting to 100% clean electricity by 2035 and net-zero carbon emissions by 2050. And, you know, if you drive an electric car, this would not be affecting you, clearly.”
According to Yahoo Finance, Jennifer Granholm’s net worth is a million dollars. Not super-rich, but still significantly more than most Americans could ever hope to have in the bank. Given that she has served as governor of Michigan, it won’t surprise anyone that she has a healthy checking account. So talking down to normal Americans about how if they would only get with the program and buy a nice, clean electric car suggests not only sanctimony, but also that she is completely ignorant of how much electric vehicles cost.
The Manufacturer’s Suggested Retail Price (MSRP) of electric cars ranges all over the place. But the current average cost for an electric car is around $55,000; admittedly, that average is brought up by how expensive certain Tesla models are. If you look at the MSRP of lower range electric vehicles like the Chevrolet Bolt, the Nissan Leaf, or the Hyundai Kona, it averages around $33,000. The price isn’t absurd for a new vehicle, but gas-powered vehicles are still likely to be larger and have better mileage than electric alternatives. Because of this, more families will still opt for good old fashioned internal combustion when buying a new car.
There is also the fact that many Americans won’t be inclined to buy new vehicles at the moment. Thanks to lockdowns and the pandemic, many have found themselves without jobs or having to tighten their belts, so a trip to the local garage might not be that high on their agenda. On top which, this is still a free country and some people will always prefer the growl of a Mustang to the whoosh of a Tesla, and they shouldn’t be punished for making that choice.
Telling people to go and buy electric because of a temporary gas shortage is preposterous. It makes no more sense than it would to have told Tesla-driving Texans to rush out and buy F150s in February when a cold snap knocked out large chunks of the state’s electricity supply.
Jennifer Granholm clearly doesn’t really care whether or not her statements were ignorant. The Biden administration’s approach to energy has been one ‘let them eat cake’ moment after another. The entire administration comes across like a bunch of oligarchs constantly talking down to the little people on how their lives should be led, completely unaware of how difficult those lives are.
I say, have Secretary Granholm work a customer service job on a customer service representative’s pay for a month, and then she can tell us whether or not we should all be driving electric.
It’s been an open secret, ever since Dr. Michael Mann used “Mike’s Nature Trick” to “hide the decline” by covering up some inconvenient tree ring data in the hockey stick climate graph, that climate alarmists will go to almost any length to only show the public the “crisis side” of climate data.
The National Interagency Fire Center (NIFC) has been the keeper of U.S. wildfire data for decades, tracking both the number of wildfires and acreage burned all the way back to 1926. However, after making that entire dataset public for decades, now, in a blatant act of cherry picking, NIFC “disappeared” a portion of it, and only show data from 1983. You can see it here.
Fortunately, the Internet never forgets, and the entire dataset is preserved on the Internet Wayback machine and other places, despite NIFC’s ham-handed attempt to disappear the data.
Why would they do this you ask? The answer is simple; data prior to 1983 shows that U.S. wildfires were far worse both in frequency and total acreage burned. By disappearing all data prior to 1983, which just happens to be the lowest point in the dataset, now all of the sudden we get a positive slope of worsening wildfire aligning with increased global temperature, which is perfect for claiming “climate change is making wildfire worse.” See figure 1 below for a before and after comparison of what the data looks like when you plot it.
Figure 1: Comparison of the before and after erasure NIFC dataset showing acres burned. The blue trend line goes from a negative trend to a positive one when cherry picked data is used.
Clearly, wildfires were far worse in the past, and clearly, now the data tells an entirely different story when showing only data post-1983. The new story told by the sanitized data is in alignment with the irrational screeching of climate alarmists that “wildfires are driven by climate change”.
This wholesale erasure of important public data stinks, but in today’s narrative control culture that wants to rid us of anything that might be inconvenient or doesn’t fit the “woke” narrative, it isn’t surprising.
Interestingly, the history on the Internet Wayback Machine shows how NIFC rationalized this erasure of important public data.
Back in June 2011 when this data was first presented by NIFC publicly, it was simply presented “as-is”. They say only this:
Figures prior to 1983 may be revised as NICC verifies historical data.
In 2018, they added a new caveat, saying this:
The National Interagency Coordination Center at NIFC compiles annual wildland fire statistics for federal and state agencies. This information is provided through Situation Reports, which have been in use for several decades. Prior to 1983, sources of these figures are not known, or cannot be confirmed, and were not derived from the current situation reporting process. As a result the figures prior to 1983 should not be compared to later data.
According to the Internet Wayback Machine, that caveat first appeared on the NIFC data page somewhere between January 14 and March 7 of 2018.
It seems they received some blowback from the idea that their data, when plotted, clearly showed wildfires to be far worse in the past, completely blowing the global-warming-climate-change-wildfire connection out of the water.
Prior to 1983, the federal wildland fire agencies did not track official wildfire data using current reporting processes. As a result, there is no official data prior to 1983 posted on this site.
Not only is that a lie of omission, it is ridiculous. Their agenda seems very clear. When the data was first published, they only advised the public that some data prior to 1983 might be “… revised as NICC verifies historical data”.
There was no published concern that the data might be invalid, or that we shouldn’t use it. Besides, the data is very simple; a count of the number of fires and the number of acres burned. How hard is that to compile and verify as accurate?
What’s worse is that this data has been trusted for decades in almost every news story about any wildfire that ever occurred in the U.S. In virtually every news story about a wildfire, the number of acres burned it THE NUMBER the press uses in the story, without it, there is no scale of the severity of the fire. Similarly, for every story about “what a bad wildfire season we’ve had”, the press cites the number of fires as well as the acreage burned.
And now, after decades of that data being provided to the press and the public, and nearly a decade of NIFC making it publicly available on their website, they want us to believe that it is now unreliable data?
Seriously, just how hard is it to count the number of fires that have happened and the number of acres burned?
What NIFC is doing is essentially labeling every firefighter, every fire captain, every forester, and every smoke jumper who has fought wildfires for decades as being untrustworthy in their assessment and measurement of this critical, yet very simple fire data. I’ll take data from people on the fire scene over government bureaucratic doublespeak every day of the week and twice on Sundays.
This whole affair is outrageous. But what is even more outrageous is that NIFC isn’t at all transparent as to the reason for the change. They essentially say “The data prior to 1983 is no good, trust us”. There is no citation of a study, no methodology given, no rationale for the removal. That’s not science, that’s not statistics, that’s not even sensible, but that is what is happening.
Plotting the entire NIFC dataset (before it was partially disappeared) gives us some hints as to why this has been done, and how wildfire and weather patterns have been inextricably linked for decades. Note figure 2 below, combining the number of fires and number of acres burned. See the annotations that I have added.
Figure 2: Plot of the entire NIFC wildfire dataset, with acreage burned in amber, and total number of fires in a given year in blue. Annotations show major weather events in the U.S.
Clearly, what NIFC has done by saying data prior to 1983 is “unreliable” and disappearing it is not just hiding important fire history, but cherry picking a data starting point that is the lowest in the entire record to ensure that an upwards trend exists from that point.
Cherry picking, suppressing evidence, or the fallacy of incomplete evidence is the act of pointing to individual cases or data that seem to confirm a particular position while ignoring a significant portion of related and similar cases or data that may contradict that position.
And by choosing the lowest point in the record for total fires, 1983, and making all data prior to that unavailable, NIFC ensures that any comparison between fires and climate change over the last 38 years always shows an upward trend and correlation with rising temperature.
It seems to me that NIFC very likely caved to pressure from climate activists to disappear this inconvenient data. By erasing the past data, NIFC has become untrustworthy. This erasure is not just unscientific, it’s dishonest and possibly fraudulent.
For posterity, the entire dataset from NIFC (including pre-1983) is available here in an Excel (.xlsx) file:
Some people have celebrated as a signal of the collapse of coronavirus crackdowns the Thursday announcement of the Centers for Disease Control and Prevention (CDC) that it is changing its guidance to indicate that people ”fully vaccinated” with experimental coronavirus vaccines need not wear masks indoors or outdoors or engage in so-called social distancing in many circumstances. Hopefully, the celebrating people are right. But, there are politicians out there, including Oregon Governor Kate Brown, who look at the new guidance differently — as a means to exert new types of control over people, including through mandating vaccine passports and a vaccine caste system.
Notably, United States President Joe Biden, who posted Thursday at Twitter that “The rule is now simple: get vaccinated or wear a mask until you do,” seems to have a similar take as does Brown.
In a Thursday statement, Brown noted that the Oregon state government will continue requiring all people, whether they have taken experimental coronavirus vaccines or not, to wear masks in public transportation situations and places including hospitals, health care clinics, correctional facilities, long-term care facilities, and schools, before describing the vaccine passport mandate and vaccine caste system the state will be imposing in light of the new CDC guidance.
Brown makes clear her determination that in Oregon only “fully-vaccinated” people may now legally be “in most public places” without wearing a mask and engaging in so-called social distancing. If you do not fit in that special category, Brown condemns you to a lower caste in Oregon where you must continue complying with such mandates.
Brown’s plan includes requiring “businesses, employers, and others” to either implement vaccine passports and a vaccine caste system or continue requiring mask wearing and social distancing compliance from everyone. Whether a business or other entity chooses Option A or Option B, it will be acting as an enforcer of the state’s abusive dictates. Brown explains in her Thursday statement:
In the coming days, the Oregon Health Authority will be providing updated guidance for businesses, employers, and others to allow the option of lifting mask and physical distancing requirements after verifying vaccination status. Some businesses may prefer to simply continue operating under the current guidance for now, rather than worrying about verifying vaccination status, and that’s fine.
Brown is doing her best to ensure freedom advocates have nothing to celebrate in her state. She likes her coronavirus crackdown, and she is working to keep the crackdown going as long as she can.
In an interview on Tuesday with Fox News’ Bret Baier, Rep. Liz Cheney (R-WY) denied that she spread the discredited CIA “Russian bounty” story. That CIA tale, claiming Russia was paying Taliban fighters to kill U.S. troops in Afghanistan, was cooked up by the CIA and then published by The New York Times on June 27 of last year, right as former President Trump announced his plans to withdraw troops from Afghanistan. The Times story, citing anonymous intelligence officials, was then continually invoked by pro-war Republicans and Democrats — led by Cheney — to justify their blocking of that troop withdrawal. The story was discredited when the U.S. intelligence community admitted last month that it had only “low to moderate confidence” that any of this even happened.
When Baier asked Cheney about her role in spreading this debunked CIA story, Cheney blatantly lied to him, claiming “if you go back and look at what I said — every single thing I said: I saidif those stories are true, we need to know why the President and Vice President were not briefed on them.” After Baier pressed her on the fact that she vested this story with credibility, Cheney insisted a second time that she never endorsed the claim but merely spoke conditionally, always using the “if these reports are true” formulation. Watch Cheney deny her role in spreading that story.
Liz Cheney, as she so often does, blatantly lied. That she merely spoke of the Russian bounty story in the conditional — “every single thing I said: I saidif those stories are true” — is completely and demonstrably false. Indeed, other than Rep. Adam Schiff (D-CA), there are few if any members of Congress who did more to spread this Russian bounty story as proven truth, all in order to block troop withdrawal from Afghanistan. In so doing, she borrowed from a pro-war playbook pioneered by her dad, to whom she owes her career: the former Vice President would leak CIA claims to The New York Times to justify war, then go on Meet the Press with Tim Russert, as he did on September 8, 2002, and cite those New York Times reports as though they were independent confirmation of his views coming from that paper rather than from him:
MR. RUSSERT: What, specifically, has [Saddam] obtained that you believe would enhance his nuclear development program? …..
VICE PRES. CHENEY: Now, in the case of a nuclear weapon, that means either plutonium or highly enriched uranium. And what we’ve seen recently that has raised our level of concern to the current state of unrest, if you will, if I can put it in those terms, is that he now is trying, through his illicit procurement network, to acquire the equipment he needs to be able to enrich uranium to make the bombs.
MR. RUSSERT: Aluminum tubes.
VICE PRES. CHENEY: Specifically aluminum tubes. There’s a story in The New York Times this morning this is — I don’t — and I want to attribute The Times. I don’t want to talk about, obviously, specific intelligence sources, but it’s now public that, in fact, [Saddam] has been seeking to acquire, and we have been able to intercept and prevent him from acquiring through this particular channel, the kinds of tubes that are necessary to build a centrifuge. And the centrifuge is required to take low-grade uranium and enhance it into highly enriched uranium, which is what you have to have in order to build a bomb.
So having CIA stories leak to the press that fuel the pro-war case, then having pro-war politicians cite those to justify their pro-war position, is a Cheney Family speciality.
On July 1, the House Armed Services Committee, of which Rep. Cheney is a member, debated amendments to the National Defense Authorization Act, the bill that authorized $740.5 billion in military spending. One of Cheney’s top priorities was to align with the Committee’s pro-war Democrats, funded by weapons manufacturers, to block Trump’s plan to withdraw all U.S. troops from Afghanistan by the end of 2020 and to withdraw roughly 1/3 of the 34,000 U.S. troops in Germany.
To justify her opposition, Cheney — contrary to what she repeatedly insisted to Baier — cited the CIA’s Russian bounty story without skepticism. In a joint statement with Rep. Mac Thornberry (R-TX), ranking member of the House Armed Services Committee, that Cheney published on her website on June 27 — the same day that The New York Times published its first story about the CIA tale — Cheney pronounced herself “concerned about Russian activity in Afghanistan, including reports that they have targeted U.S. forces.” There was nothing conditional about the statement: they were preparing to block troop withdrawal from Afghanistan and cited this story as proof that “Russia does not wish us well in Afghanistan.”
After today’s briefing with senior White House officials, we remain concerned about Russian activity in Afghanistan, including reports that they have targeted U.S. forces. It has been clear for some time that Russia does not wish us well in Afghanistan. We believe it is important to vigorously pursue any information related to Russia or any other country targeting our forces. Congress has no more important obligation than providing for the security of our nation and ensuring our forces have the resources they need.
An even more definitive use of this Russia bounty story came when Cheney held a press conference to explain her opposition to Trump’s plans to withdraw troops. In this statement, she proclaimed that she “remains concerned about Russian activities in Afghanistan.” She then explicitly threatened Russia over the CIA’s “bounty” story, warning them that “any targeting of U.S. forces by Russians, by anyone else, will face a very swift and deadly response.” She then gloated about the U.S. bombing of Russia-linked troops in Syria in 2018 using what she called “overwhelming and lethal force,” and warned that this would happen again if they target U.S. forces in Afghanistan:
Does this sound even remotely like what Cheney claimed to Baier? She denied having played a key role in spreading the Russia bounty story because, as she put it, “every single thing I said, I said: if those stories are true.” She also told him that she never referred to that CIA claim except by saying: “if these reports are true.” That is false.
The issue is not merely that Cheney lied: that would hardly be news. It is that the entire media narrative about Cheney’s removal from her House leadership role is a fraud. Her attacks on Trump and her party leadership were not confined to criticisms of the role played by the former president in contesting the validity of the 2020 election outcome or inciting the January 6 Capitol riot — because Liz Cheney is such a stalwart defender of the need for truth and adherence to the rule of law in politics.
Cheney played the key role in forming an alliance with pro-war Democrats on the House Armed Services Committee to repeatedly defeat the bipartisan anti-war minority [led by Ro Khanna (D-CA), Rep. Tulsi Gabbard (D-HI) and Rep. Matt Gaetz (R-FL)] to prevent any meaningful changes promised by Trump during the 2016 campaign to put an end to the U.S. posture of Endless War. As I reported about the House Armed Services Committee hearing last July, the CIA tale was repeatedly cited by Cheney and her allies to justify ongoing U.S. troop presence in Afghanistan.
Cheney is motivated by power, not ethics. In 2016, Trump ran — and won — by explicitly inveighing against the Bush/Cheney foreign policy of endless war, militarism and imperialism that Liz Cheney, above all else, still vehemently supports. What she is attempting to do is reclaim the Republican Party and deliver it back to the neocons and warmongers who dominated it under her father’s reign. She is waging an ideological battle, not an ethical one, for control of the Republican Party.
That will be a debate for Republican voters to resolve. In the meantime, Liz Cheney cannot be allowed to distance herself from the CIA’s fairy tale about Russians in Afghanistan. Along with pro-war Democrats, she used this conveniently leaked CIA story repeatedly to block troop withdrawal from Afghanistan. And just as her father taught her to do — by example if not expressly — she is now lying to distance herself from a pro-war CIA script that she, in fact, explicitly promoted.
Senator Rand Paul continued to slam White House medical advisor Thursday, saying that Anthony Fauci could be culpable for the entire coronavirus pandemic.
Paul was attacked by leftist media Wednesday for merely questioning Fauci’s extensive role in granting funding to the Wuhan Institute of Virology at a Senate hearing.
CNN’s Anderson Cooper declared that Paul should “have more respect at least for medical science.”
Now in a further appearance on Fox And Friends, Paul has gone even deeper, accusing Fauci of being personally to blame for the global pandemic.
“The person they hired to investigate the lab for the WHO perspective is the guy who gave the money,” Paul urged.
“So NIH gave the money to EcoHealth. The head of EcoHealth – they got him to investigate whether Wuhan was doing anything inappropriate in their lab. But if they were then wouldn’t he be culpable?” The Senator questioned.
“Doesn’t he have a self interest in smoothing things over,” Paul continued, adding “I’m not saying he did cover things up but you wouldn’t appoint someone who is in the line of the supply chain of giving the money to them.”
“Ultimately here’s the rub. I don’t know whether it came from the lab. But who could be culpable? Dr. Fauci could be culpable for the entire pandemic!” Paul emphasised.
As Infowarsreported in April 2020, the NIH awarded a $3.7 million grant to the Wuhan Institute of Virology to conduct coronavirus gain of function research.
You see, bloggers and reporters, here is the problem (one among many, actually). You have no background.
You don’t understand that every time you write a medical piece, there is a context which should inform your every move:
The modern medical system kills and maims huge numbers of people.
To put it another way, THE MODERN MEDICAL SYSTEM KILLS AND MAIMS HUGE NUMBERS OF PEOPLE.
Let me help you out.
ONE: “The Epidemic of Sickness and Death from Prescription Drugs.” The author is Donald Light, who teaches at Rowan University, and was the 2013 recipient of ASA’s [American Sociological Association’s] Distinguished Career Award for the Practice of Sociology. Light is a founding fellow of the Center for Bioethics at the University of Pennsylvania. In 2013, he was a fellow at the Edmond J. Safra Center for Ethics at Harvard. He is a Lokey Visiting Professor at Stanford University.
Donald Light: “Epidemiologically, appropriately prescribed, prescription drugs are the fourth leading cause of death, tied with stroke at about 2,460 deaths each week in the United States. About 330,000 patients die each year from prescription drugs in the United States and Europe. They [the drugs] cause an epidemic of about 20 times more hospitalizations [6.6 million annually], as well as falls, road accidents, and [annually] about 80 million medically minor problems such as pains, discomforts, and dysfunctions that hobble productivity or the ability to care for others. Deaths and adverse effects from overmedication, errors, and self-medication would increase these figures.” (ASA publication, “Footnotes,” November 2014)
TWO: Journal of the American Medical Association, April 15, 1998: “Incidence of Adverse Drug Reactions in Hospitalized Patients.”
The authors, led by Jason Lazarou, culled 39 previous studies on patients in hospitals. These patients, who received drugs in hospitals, or were admitted to hospitals because they were suffering from the drugs doctors had given them, met the following fate:
Every year, in the US, between 76,000 and 137,000 hospitalized patients die as a direct result of the drugs.
Beyond that, every year 2.2 million hospitalized patients experience serious adverse reactions to the drugs.
The authors write: “…Our study on ADRs [Adverse Drug Reactions], which excludes medication errors, had a different objective: to show that there are a large number of ADRs even when the drugs are properly prescribed and administered.”
So this study had nothing to do with doctor errors, nurse errors, or improper combining of drugs. And it only counted people killed or maimed who were admitted to hospitals. It didn’t begin to tally all the people taking pharmaceuticals who died as consequence of the drugs, at home.
THREE: July 26, 2000, Journal of the American Medical Association; author, Dr. Barbara Starfield, revered public health expert at the Johns Hopkins School of Public Health; “Is US health really the best in the world?”
Starfield reported that the US medical system kills 225,000 Americans per year. 106,000 as a result of FDA-approved medical drugs, and 119,000 as a result of mistreatment and errors in hospitals. Extrapolate the numbers to a decade: that’s 2.25 million deaths. You might want to read that last number again.
In 2009, I interviewed Dr. Starfield. Here is an excerpt:
What has been the level and tenor of the response to your findings, since 2000?
The American public appears to have been hoodwinked into believing that more interventions lead to better health, and most people that I meet are completely unaware that the US does not have the ‘best health in the world’.
In the medical research community, have your medically-caused mortality statistics been debated, or have these figures been accepted, albeit with some degree of shame?
The findings have been accepted by those who study them. There has been only one detractor, a former medical school dean, who has received a lot of attention for claiming that the US health system is the best there is and we need more of it. He has a vested interest in medical schools and teaching hospitals (they are his constituency).
Have health agencies of the federal government consulted with you on ways to mitigate the [devastating] effects of the US medical system?
NO.
Since the FDA approves every medical drug given to the American people, and certifies it as safe and effective, how can that agency remain calm about the fact that these medicines are causing 106,000 deaths per year?
Even though there will always be adverse events that cannot be anticipated, the fact is that more and more unsafe drugs are being approved for use. Many people attribute that to the fact that the pharmaceutical industry is (for the past ten years or so) required to pay the FDA for reviews [of its new drugs]—which puts the FDA into an untenable position of working for the industry it is regulating. There is a large literature on this.
Aren’t your 2000 findings a severe indictment of the FDA and its standard practices?
They are an indictment of the US health care industry: insurance companies, specialty and disease-oriented medical academia, the pharmaceutical and device manufacturing industries, all of which contribute heavily to re-election campaigns of members of Congress. The problem is that we do not have a government that is free of influence of vested interests. Alas, [it] is a general problem of our society—which clearly unbalances democracy.
Would it be correct to say that, when your JAMA study was published in 2000, it caused a momentary stir and was thereafter ignored by the medical community and by pharmaceutical companies?
Are you sure it was a momentary stir? I still get at least one email a day asking for a reprint—ten years later! The problem is that its message is obscured by those that do not want any change in the US health care system.
Are you aware of any systematic efforts, since your 2000 JAMA study was published, to remedy the main categories of medically caused deaths in the US?
No systematic efforts; however, there have been a lot of studies. Most of them indicate higher rates [of death] than I calculated.
Did your 2000 JAMA study sail through peer review, or was there some opposition to publishing it?
It was rejected by the first journal that I sent it to, on the grounds that ‘it would not be interesting to readers’!
Do the 106,000 deaths from medical drugs only involve drugs prescribed to patients in hospitals, or does this statistic also cover people prescribed drugs who are not in-patients in hospitals?
I tried to include everything in my estimates. Since the commentary was written, many more dangerous drugs have been added to the marketplace.
—end of interview excerpt—
FOUR: BMJ June 7, 2012 (BMJ 2012:344:e3989). Author, Jeanne Lenzer. Lenzer refers to a report by the Institute for Safe Medication Practices: “It [the Institute] calculated that in 2011 prescription drugs were associated with two to four million people in the US experiencing ‘serious, disabling, or fatal injuries, including 128,000 deaths.’”
The report called this “one of the most significant perils to humans resulting from human activity.”
The report was compiled by outside researchers who went into the FDA’s own database of “serious adverse [medical-drug] events.”
Therefore, to say the FDA isn’t aware of this finding would be absurd. The FDA knows. The FDA knows and it isn’t saying anything about it, because the FDA certifies, as safe and effective, all the medical drugs that are routinely maiming and killing Americans. Every public health agency knows the truth.
FIVE: None of the above reports factor in death or injury by vaccine.
The US system for reporting severe adverse effects of vaccines is broken.
Barbara Loe Fisher, of the private National Vaccine Information Center, has put together a reasonable analysis:
“But how many children have [adverse] vaccine reactions every year? Is it really only one in 110,000 or one in a million who are left permanently disabled after vaccination? Former FDA Commissioner David Kessler observed in 1993 that less than 1 percent of doctors report adverse events following prescription drug use. [See DA Kessler, ‘Introducing MEDWatch,’ JAMA, June 2, 1993: 2765-2768]”
“There have been estimates that perhaps less than 5 or 10 percent of doctors report hospitalizations, injuries, deaths, or other serious health problems following vaccination. The 1986 Vaccine Injury Act contained no legal sanctions for not reporting; doctors can refuse to report and suffer no consequences.”
“Even so, each year about 12,000 reports are made to the Vaccine Adverse Event Reporting System [VAERS]; parents as well as doctors can make those reports. [See RT Chen, B. Hibbs, ‘Vaccine safety,’ Pediatric Annals, July 1998: 445-458]”
“However, if that number represents only 10 percent of what is actually occurring, then the actual number may be 120,000 vaccine-adverse events [per year]. If doctors report vaccine reactions as infrequently as Dr. Kessler said they report prescription-drug reactions, and the number 12,000 is only 1 percent of the actual total, then the real number may be 1.2 million vaccine-adverse events annually.”
SIX: Here is a stunning quote from a doctor who has quite probably read and analyzed as many medical-drug studies as any other doctor in the world:
“It is simply no longer possible to believe much of the clinical research that is published, or to rely on the judgment of trusted physicians or authoritative medical guidelines. I take no pleasure in this conclusion, which I reached slowly and reluctantly over my two decades as an editor of The New England Journal of Medicine.” (Dr. Marcia Angell, NY Review of Books, January 15, 2009, “Drug Companies & Doctors: A Story of Corruption)
Compare that quote with one from “the father of COVID science,” Tony Fauci. In an interview with the National Geographic, Fauci stated: “Anybody can claim to be an expert even when they have no idea what they’re talking about… If something is published in places like New England Journal of Medicine, Science, Nature, Cell, or JAMA—you know, generally that is quite well peer-reviewed because the editors and the editorial staff of those journals really take things very seriously.”
They take things so seriously at the New England Journal, they routinely publish glowing studies of medical drugs which, as evidence shows, are killing people in great numbers.
So… you medical bloggers living in mommy’s basement, and you medical reporters who live in New York and Georgetown and pull down nice paychecks, you now have some background. Every time you write a Mockingbird article (aka puff piece), you can fathom how deep your lies really go, and how much crime you’re really involved with.
It’s never too late to tell the truth. I’m offering you a way out.
A Review of Conspiracy Theories and Other Dangerous Ideas by Cass Sunstein (based on an earlier paper co-authored with Adrian Vermeule); In Defense of Troublemakers: The Power of Dissent in Life and Business by Charlan Nemeth; and Conspiracy Theories and the People Who Believe Them, edited by Joseph E. Uscinski
On January 25 2018 YouTube unleashed the latest salvo in the war on conspiracy theories, saying “we’ll begin reducing recommendations of borderline content and content that could misinform users in harmful ways—such as videos promoting a phony miracle cure for a serious illness, claiming the earth is flat, or making blatantly false claims about historic events like 9/11.”
At first glance that sounds reasonable. Nobody wants YouTube or anyone else to recommend bad information. And almost everyone agrees that phony miracle cures, flat earthism, and blatantly false claims about 9/11 and other historical events are undesirable.
But if we stop and seriously consider those words, we notice a couple of problems. First, the word “recommend” is not just misleading but mendacious. YouTube obviously doesn’t really recommend anything. When it says it does, it is lying. … continue
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