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Lew Rockwell

Lew Rockwell
28 May 2022 | 6:01 am

Livelihoods in a Degrowth Economy


The sooner we start preparing for degrowth, the better off we'll be. A Chinese proverb captures this succinctly: By the time you're thirsty, it's too late to dig a well.

Let's consider livelihood options in an unsustainable economy of extremes that are unraveling, an economy that is being forced to transition to Degrowth.

Nassim Taleb's book Antifragile explains the differences between fragile systems (systems that cannot survive instability), resilient systems (systems that can survive instability and stay the same) and antifragile systems (systems that adapt and emerge stronger).

The ideal way of life is antifragile: resilient enough to survive adversity and adaptable enough to evolve solutions to whatever comes our way.

The key antifragile traits are adaptability and rapid, flexible evolution. Adversity puts selective pressure on organisms: only those organisms which adapt successfully survive.

The more antifragile our livelihood and way of life, the better prepared we will be to recognize and pursue opportunities.

An unsustainable, unstable economy puts a great deal of pressure on its participants. Only those with the skills and agency to move, adapt and experiment will emerge stronger.

Adaptability requires agency. Those without much control are stuck with the consequences of others' decisions and actions.

In my experience, self-reliance is integral to an antifragile way of life. Self-reliance and self-sufficiency are similar but not identical.

Self-sufficiency means reducing our dependence on resources provided by others: growing our own food, doing our own repairs, etc. Self-sufficiency can also be understood as shortening dependency chains.

Compare being dependent on food shipped thousands of miles to relying mostly on food grown within 50 miles of home. There are so many ways long supply chains can break down because the entire system breaks down if even one link in the dependency chain breaks.

Total self-sufficiency isn't practical. We all rely on industrial production of metals, tools, plastics, fertilizers, etc. But reducing our dependence on systems that are fragile by consuming less and wasting nothing increases our antifragility.

Self-reliance is being able to take care of oneself, being independent in thought and action, and maintaining control of decision-making–what I've been calling agency.

Self-reliance means being able to go against the crowd. This requires independence and confidence in one's inner compass.

Being able to take care of oneself means drawing upon inner resources, being able to identify the essentials of a situation and coming up with solutions that are within reach.

Since households with multiple incomes are far more resilient than households with all their eggs in one basket, our goal is to develop income streams that we control. The ownership is more important than the scale of the income. A modest income we control is far more antifragile than a larger income we have little control over.

Developing income streams is easier if we approach the task with an entrepreneurial mindset.

This mindset looks at work in terms of markets, unmet demand, pricing power, networks of trustworthy peers, trial and error (experiments), optimizing new skills, seeking mentors, learning to make clear-eyed assessments of what's working and what isn't, and then acting decisively on the conclusions.

All these skills can be developed. They are very useful in navigating unstable conditions because they prepare us to act decisively rather than passively await others to decide what happens to us.

Some skills can be applied to virtually every field: project management, bookkeeping, working well with others, computer skills and communicating clearly. Being a fast learner is valuable in every field.

In my books and blog posts, I've covered the difference between tradable work–work that can be done anywhere–and untradable work, work that can only be done locally. Having skills that are untradable is advantageous, as the competition is local rather than global.

Skills that can't be automated are also advantageous. Robots are optimized for repetitive tasks and factory / warehouse floors with sensors. They are not optimized for tasks that must be figured out on the fly and that require multiple skills.

Who fixes the robot when it fails out in the field? Another robot? Who replaces the dead battery in the drone? Another drone? The point is there are real-world limits on robotics, artificial intelligence, machine learning and automation that proponents gloss over or ignore.

Those with multiple skills who can problem-solve on the fly will continue to be valuable.

The models of work are changing, and this offers a wider range of options which is especially valuable to those emerging from burnout.

Combining various kinds and modes of work is called hybrid work. This could be mixing work from home (remote work) with occasional visits to an office, or it could be mixing a part-time job with self-employment.

I've written about one example in Japan called Half Farmer, Half X, where young urban knowledge workers move to the countryside to pursue small-scale farming while keeping a part-time, high-pay tech job they do online. Since the cost of living is so much lower in the countryside, these hybrid workers don't need to work many hours remotely to cover their expenses, nor do they need their small-scale farming to be highly profitable.

Not all work is paid. Indeed, only a slice of human work globally is paid. The work that gives us the greatest fulfillment may well be unpaid or poorly paid. We may have to do some work to pay the bills while looking forward to the work we do that doesn't earn much money.

Personally, I have always been drawn to both knowledge work and hands-on work. I worked my way through my university with a part-time job in construction. This was the ideal mix for my enthusiasms. Whenever I've been limited to one or the other, I feel dissatisfied. For me, hybrid work means having both knowledge work and hands-on physical labor, and having control of both.

Many people believe they need additional credentials to expand their opportunities. The alternative is to accredit yourself.

Since I'm enthusiastic about working with fruit trees and vegetable gardens, let's say I decide to offer my services to potential customers.

One avenue is to spend money and time to get a certificate in horticulture. Alternatively, I could take photos of my own yard to document the trees I planted and how fast they've grown under my care. In other words, I could accredit myself, providing direct evidence of my skills and experience.

Read the Whole Article

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Lew Rockwell
28 May 2022 | 6:01 am

Joe Biden Waves the Bloody Shirt


Yesterday The American Spectator published my article about the massacre at the Robb Elementary School in Uvalde, Texas. After it was published, Texas officials announced that an armed police officer had been wounded trying to keep the killer from entering the school.

Since that announcement cut to the heart of my argument against gun-free zones, I banged out an emergency rewrite and sent it to the AmSpec. But, before the rewrite went live online, those same officials changed their story. Their current version is that no police officer was at the school, the front door was unlocked and, to all intents and purposes, Robb Elementary was an unprotected gun-free zone.

So the AmSpec junked the rewrite and stayed with the original article.

All of this by way of saying that, as of now, nobody knows for sure what happened. The story may change yet again. Please keep that in mind as you read the article.

It takes a particularly contemptible brand of cynicism to cold-bloodedly exploit the slaughter of innocent children to promote a political agenda. Yet that is precisely what President Joe Biden and his amen corner in the corporate media have done by using the horrifying and senseless massacre at the Robb Elementary School in Uvalde, Texas, to trumpet their demands for more gun control.

Biden and his media chorus have shamelessly attempted to manipulate the nation's shock and raw grief into support for their campaign against lawful gun ownership. Despite the overwhelming historical record to the contrary, they proclaim that even more legal restrictions on purchasing and possessing firearms will somehow prevent others from acting out their murderous schemes.

But when and where has gun control ever worked to thwart predators intent on mayhem? Has it worked in the United Kingdom, which has the most restrictive gun laws in the free world? If so, then how to explain the massacres at the Dunblane School in Scotland (17 victims), Hungerford in England (31 victims), and other mass shootings? And how to explain the daily and widespread use of guns by that country's criminals?

Has it worked in Chicago, New York, or Washington, which have some of our highest gun murder rates despite their draconian restrictions on firearms ownership? Did Connecticut's strict, gun-hostile laws save the children massacred at Sandy Hook Elementary?

In short, can the proponents of gun control point to a single jurisdiction where gun laws have worked other than to burden or disarm law-abiding citizens?

For example, the Uvalde killer reportedly purchased his firearms from a federally licensed dealer. This required him to verify in writing and under penalty of law that, among other things, he was not under criminal indictment; a convicted criminal; a fugitive from justice; a drug addict or user of controlled substances; an adjudicated "mental defective"; someone who had been committed to a mental institution; or someone subject to a domestic abuse restraining order.

All of the foregoing sworn information had to have been checked against the FBI's records before the sale was completed.

But within days of undergoing this process, he used those legally purchased guns to slaughter his victims. Which raises the question: do legally mandated background checks and restrictions on gun ownership have any real-life material impact on the possession of firearms by criminals?

In January 2019, the U.S. Department of Justice issued a report titled "Source and Use of Firearms Involved in Crimes: Survey of Prison Inmates, 2016." It provides a statistical analysis of where and how state and federal prison inmates obtained firearms that they either possessed or used in the commission of their crimes.

Read the Whole Article

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Lew Rockwell
28 May 2022 | 6:01 am

Childhood’s End


America has become a malfunctioning pageant without feasible roles that children can realistically project themselves into….

The phoniest trope in American life goes like this: We must find the cause of X so that it never happens again. Of course, it will happen again. We only pretend that the cause is a mystery. Let's count the ways that school massacres happen.

American schools are fantastically depressing places. They are designed to look like medium security prisons and insecticide factories. They send the message: Enter here and be psychologically brutalized. They are too big, overwhelmingly alienating, ugly, devoid of visible symbolism signaling the value of being human. The interiors of the schools are designed for the convenience of janitors, hard surfaces of tile and linoleum that can be hosed down easily like the quarters of zoo animals. Children act accordingly.

The "facilities," as we call them, are deployed in the illegible landscape of a demolition derby, separated from all the other activities of daily life, which themselves have reached a culminating state of meaninglessness: big box shopping, national chain franchise food installations, strip malls of empty storefronts, parking lot wastelands, nothing that will excite a child's imagination with emotions other than bewilderment, anxiety, and aversion.

The "teaching" that supposedly goes on in schools is a broken remnant of preparation for an economy that no longer exists. We're no longer a society of people who do things, but rather a society of people to whom things are done, many of them harmful, humiliating, and arbitrary. America's demoralized teaching corps is so unhinged by their own anomie that they resort to imposing sadistic fantasies on the children in their charge.

Thus, all the inappropriate curricula around adult preoccupations with sex, such as the Drag Queen Story Hour, for which mentally ill men are invited to act-out impersonations of women-as-monsters for young people who can't possibly be expected to make sense of the spectacle. (I suspect that even six-year-olds, hard-wired to function as successful animals in this world, understand it as some kind of affront to reality.) Otherwise, American teachers are out of ideas, and are themselves damaged by the same forces in culture that they are now asked to direct.

America has become a malfunctioning pageant without feasible roles that children can realistically project themselves into. What ten-year-old longs to become the Burger King fry-o-later boss in a brown apron and an asinine cardboard crown? Rather, they are prompted to aspire to become sports star millionaires, of which there are perhaps fewer than 5,000 positions in a land of 340-million. By age twelve, they probably comprehend the unlikelihood of that outcome, or of becoming the next Kardashian… or Spiderman. (Superheroes are supplied by the entertainment cartels to occupy the imaginative realm of children because American culture is bereft of reality-based roles worth aspiring to.)

In this tumult of cultural impoverishment, psychotic grandiosity creeps in. Be big if you can't be anything else. Hence, one achievable role for young persons in American life is mass murderer. It is a way of becoming important, of having an effect on other people and society in general. Your name may be forgotten, but the act itself will endure in the collective memory of a people. It will be some kind of a mark in history, even better remembered, perhaps, than whoever played third-base for the Atlanta Braves in 1994… or the woman who once capered down the red carpet at the Oscars in a dress fashioned on a slaughtered swan.

The mayhem unleashed in a school shooting is just the rectified essence of the manifold derangements in our national life. Everything is out-of-whack, including our perception of what's going on and what it means. There is almost nothing left of childhood in this land, in the way of young, unformed creatures assisted by adults who love them into a future worth being part of. We have forgotten how to be grateful for coming into this world at all, leaving us unworthy of being here. The quality of virtue, meaning that some things and some doings are recognizably better than others, was deceitfully replaced by the equity of nothing being allowed to be better than anything else. Truth and beauty have gone outlaw. Bad faith and wickedness rule, led by a Party of Chaos. So, really, what do you expect? And what do you deserve?

Reprinted with permission from Kunstler.com.

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Lew Rockwell
28 May 2022 | 6:01 am

The Davos World Impoverishment Scheme


From the Tom Woods Letter:

As you know, the worst people in the world have gathered to decide how they can further make our lives miserable.

One of my most provocative guests just returned to my show, with a brand new book that takes direct aim at one of the elites' most cherished projects.

It's Alex Epstein, and his book is Fossil Future: Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas — Not Less.

His argument is extremely convincing, and introduces considerations most people never think about.

He recently wrote:

Fossil fuels, which provide 80 percent of the world's energy, have and will continue to have the unique benefit of providing low-cost, reliable energy to billions of people in thousands of places — a benefit that is desperately needed in a world where some 3 billion people still use less electricity than a typical American refrigerator. Contrary to claims that solar and wind are rapidly replacing fossil fuels, fossil fuel use is still growing, while intermittent solar and wind energy, after generations on the market, provide just 3 percent of the world's energy — and that 3 percent is totally dependent on fossil fuels, especially natural gas, for 24/7 backup. Solar and wind are nowhere near being able to replace the energy that fossil fuels provide today, let alone the far greater amounts of energy humanity needs going forward.

One of the key benefits of more fossil fuel use, I will argue, will be powering our enormous and growing ability to master climate danger, whether natural or man-made — an ability that has made the average person on Earth 50 times less likely to die from a climate-related disaster than they were in the 1°C colder world of one hundred years ago.

Because fossil fuel use is so vital to the world's future, I will argue, today's proposed policies to rapidly eliminate fossil fuel use would, if fully implemented, have truly apocalyptic consequences — making the world an impoverished, dangerous, and miserable place for most people. And even if fossil fuel elimination policies aren't fully implemented — which they won't be, given the expressed intent of China, Russia, and India to increase their fossil fuel use — even widespread restrictions on fossil fuel use that fall far short of elimination will shorten and inflict misery on billions of lives, especially in the poorest parts of the world.

I promise you will enjoy our conversation:

https://tomwoods.com/ep-2131-we-need-more-fossil-fuels/

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Lew Rockwell
28 May 2022 | 6:01 am

Yikes: The Brave New World of Genetically Modified People


This story is about the hubris of conquest and genetic modification. Let's start with the ugly. The richest people of the world, as well as their loyal servants from the World Economic Forum, are on the Genetic Modification team. According to the World Economic Forum, "the evolution of gene testing and gene editing will drive the future of healthcare."

They really can't sleep at night knowing that they have not yet stuck their fingers into every nook and cranny of the human body and efficiently monetized them! Here is a technical video from 2016 on "Harnessing Gene Editing for Multiple and Permanent Genetic Changes."

To sum up my answer to the question as to whether COVID injection may alter human DNA, we have no idea. And yet so many people are forced to take them — like cattle (which is not to say that it is right to treat cattle in this manner, it is also wrong).

The Question of Ownership

Many of us remember how Monsanto sued different farmers after Monsanto's toxic products contaminated the farmers' crops. The corporate giant claimed that the farmers had illegally used their patented products. (I'd say, this is emotional and intellectual abuse, who even wants their products).

Which brings us to today — and the legal analysis by the disabled rights attorney Todd Callender who has looked at a U.S. Supreme Court case from 2013, and it led him to believe that this case could have far-fetching legal implications for the recipients COVID injections.

The case in question is "ASSOCIATION FOR MOLECULAR PATHOLOGY ET AL. v. MYRIAD GENETICS, INC., ET AL." Here is the exact syllabus of the case, as per Cornell Law School website:

"Each human gene is encoded as deoxyribonucleic acid (DNA), which takes the shape of a "double helix." Each "cross-bar" in that helix consists of two chemically joined nucleotides. Sequences of DNA nucleotides contain the information necessary to create strings of amino acids used to build proteins in the body. The nucleotides that code for amino acids are "exons," and those that do not are "introns."

Scientists can extract DNA from cells to isolate specific segments for study. They can also synthetically create exons-only strands of nucleotides known as composite DNA (cDNA). cDNA contains only the exons that occur in DNA, omitting the intervening introns."

"Respondent Myriad Genetics, Inc. (Myriad), obtained several patents after discovering the precise location and sequence of the BRCA1 and BRCA2 genes, mutations of which can dramatically increase the risk of breast and ovarian cancer.

This knowledge allowed Myriad to determine the genes' typical nucleotide sequence, which, in turn, enabled it to develop medical tests useful for detecting mutations in these genes in a particular patient to assess the patient's cancer risk. If valid, Myriad's patents would give it the exclusive right to isolate an individual's BRCA1 and BRCA2 genes, and would give Myriad the exclusive right to synthetically create BRCA cDNA.

Petitioners filed suit, seeking a declaration that Myriad's patents are invalid under 35 U. S. C. §101. As relevant here, the District Court granted summary judgment to petitioners, concluding that Myriad's claims were invalid because they covered products of nature. The Federal Circuit initially reversed, but on remand in light of Mayo Collaborative Services v. Prometheus Laboratories, Inc., 566 U. S. ___, the Circuit found both isolated DNA and cDNA patent eligible."

"Held: A naturally occurring DNA segment is a product of nature and not patent eligible merely because it has been isolated, but cDNA is patent eligible because it is not naturally occurring."

According to Todd Callender, who was interviewed by Corona Investigative Committee, the document holds that the use of mRNA for modification of the genome results in a synthetic genome that belongs to the patent holder. Therefore, if we follow that line of legal logic, it is possible to conclude that using mRNA to modify human cells can result in said cells (and living beings) owned by the patent holder.

As of this moment, there is still no clarity and no official legal conclusion as to whether this interpretation will apply — but given how crazy the past two years have been, and how brazenly the bulldozer has been proceeding so far, nothing seems off limits. Also this:

A conspiracy theory, you say? A tinfoil hat, you say? Sounds more like a business plan to me…

A question then. Do you want to live like this? Do you want to become corporate property, literally? What are you doing to prevent it from happening? https://t.co/KFmz5Xqqy1

— Tessa Lena a.k.a. Tessa Fights Robots ❤ (@TessaMakesLove) July 6, 2021

And we are at it, let's also look at the concept of "DNA storage."

The War on Everything Natural

All this fits in perfectly with the "blue ocean" business model that creates new markets out of thin air.

I wrote about this in detail in a 2021 article about the war on natural immunity and ability — but the gist is that eroding natural health and natural defenses (whether accidentally or on purpose) turns us into loyal customers who have to subscribe to the "artificial immunity" service for the rest of our lives, however long it lasts. Sucks for us but very good for business!

And where does the money come from, assuming that the citizens are all half-alive and can barely provide for themselves? Well, the money could come, for example, from the virtual digital "press" owned by the central bank, who would fund the "noble" companies providing the artificial immunity services to the people in the name of "public health" … You know the drill.

It's all for our own good! In this case, the citizens would exist as mere excuses for the companies to make money. Which, to be fair, has been the case for a while, just in a way that was hidden from many of us — until two years ago.

The end result would look very much like the Monsanto arrangement where living forms are modified to depend on purchased products, while remaining in an increasingly toxic environment. I don't know about you, but I already feel bad for the crippled GMO tomato, and I certainly don't want to turn into something similar.

The Fear of Missing Out

Let's look at the existential picture. Where does all this cluelessness, arrogance, greed, and cruelty come from?

Human beings do a lot of unintelligent and self-destructive things out of fear (I've done it, I am no exception, definitely no finger pointing here). Fear of missing out (and thus being humbled by rivals) is important motive in our culture.

I think that, philosophically speaking, today's unhealthy hunger for conquering nature and scanning every nook and cranny for "goodies" — and then squeezing every drop of juice out everything, and then tossing it out — is driven by a spiritual void, by the lack of joyful faith, by the fear of being existentially vulnerable, intellectually unsophisticated, and emotionally unimportant.

After all, even the most egregious greed covers up for a spiritual void since we don't really need to own everything in the world to be happy. It's like, "If I leave even a drop of valuable goods on the side of the road for someone else to grab them, I'll feel so stupid! And they will sure judge me! And I am afraid of that so I'd rather just take it."

Right now, we are living in times of very ripe and internalized fear and peer pressure but initially, to shake the people off their axis, it had to come with violence, which is something that all of our ancestors experienced at different points.

Here is a non-GMO-related story that really moved me several years ago, and stuck with me. It was told by the Dagara elder Malidoma Some, who, sadly, passed away last year (and I just learned about it, so I am very shocked and sad).

As a young child, Malidoma Some was kidnapped by priests into a mission boarding school, which he fled as a teen, and then had to undergo a lot of things in order to heal. He then moved to America and dedicated his life to help westerners understand the centuries-tested wisdom of his people.

One of his stories stuck in my mind. He wrote about how the missionaries who came to his village tempted the farmers. The missionaries promised to buy the crops from the farmers if the farmers bought the fancy fertilizes from the missionaries. Some of the farmers got tempted and bought the fertilizes.

The missionaries' fertilizers "made the land angry," and the crops didn't grow. And so those farmers found themselves in debt to the Jesuits for the fertilizers, and without the yields. And from being indebted, they were more vulnerable to the demands of the missionaries.

This sounds very similar to the behavior of Monsanto, leading to farmer suicides in countries like India (a fact so egregious that the establishment had to "debunk" it).

Similar things were unfortunately done in the Americas, too, as a part of the intentional policy of building outposts around Indian territory to seduce and corrupt the people on the "reservations" (what a word, if you really think about it). The well-documented strategy was designed to steal more land from the Native people — who were already greatly perturbed by the violence of the "great reset" that had been handed to them by the Europeans.

The plan was to sell them goods "on credit," and put them in so much debt that they would let go of more their land. The final goal was for the Native people to "own nothing and be happy" (yes, the original American great reset, and we really need to come to terms with how similar it is to the great reset of today, which is still in early stages.

Conclusion

I believe with great passion that in order for us to win this victory and to stop the bulldozer, we need to tackle the underlying spiritual and spiritual malaise, or else the bulldozer will keep coming at us in different ways. Being spiritually honest and brave, and working toward healing after centuries of abuse, are the challenges of our generation, and perhaps of many generations to come.

Bottom line, we are free people. We never belonged to the great resetters, just like the people who came before us never belonged to the great resetters of their time.

And there is no need to scan every nook and cranny of bodies, looking for money. Unmonetized bodies are free bodies. So I pray that we the people start pedaling toward honesty and wisdom so that we can heal.

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Lew Rockwell
28 May 2022 | 6:01 am

How the Fed Killed Growth and Mugged the Hamburger Instead


Recently, it was reported that US industrial production rose in April for a fourth consecutive month, and owing to a jump in auto assemblies was up 1.1% from March and 6.4% versus prior year. So the usual suspects were out beating the Wall Street tom-toms about economic strength and no recession on the horizon.

But as demonstrated in the chart below, what we are mainly getting once more is born-again production, not net growth. That is, remove the April 2020 Lockdown swoon and scroll back to the interim high in December 2014 and what do you get?

Well, what you get is a piddling 0.26% per annum growth rate over the past 7.5 years. And for want of doubt, dial back to the pre-crisis peak in November 2007 and you get a per annum growth rate of just 0.21% over the past 14.5 years.

US Industrial Production Index, November 2007-April 2022

So, no, the US industrial economy is not strong—it's been flatlining for the better part of the current century. And that's something new under the sun, not in a good way.

Prior to the turn of the century, in fact, industrial production was the muscular center of the US economy. Between January 1954 and January 2001, total output grew by 3.52% per annum, and that figure is compounded over a 47-year period that experienced seven temporary recessionary setbacks.

Still, industrial production during the period grew nearly 17 times faster per annum than it has since November 2007. We'd say that's nothing short of a shocker and demands far more serious attention than do some recent monthly deltas from an artificial bottom.

US Industrial Production Index, 1954-2001

When you examine the composition of the historical industrial production data, the cause of the drastic downshift in growth is strikingly evident. The constituent data go back to 1972, but during the next 28-years the manufacturing sector clearly led the industrial growth parade.

Per Annum Growth, 1972-2000

  • Mining and Energy: -0.06%;
  • Gas and Electric Utilities: +2.45%;
  • Manufacturing: +3.10%;
  • Total Industrial Production: +2.71%

As is evident above, the only laggard was mining and energy, mainly owing to the fading of the domestic gas and oil industry that could not compete with the low-cost producers in the Persian Gulf, North Sea, West Africa and other newly developed energy provinces.

However, when it came to utility and manufacturing output, growth was robust. The latter remained reasonably competitive in global markets, while the growth of domestic industry and household counts generated steady expansion of gas and electric utility production.

Needless to say, the manufacturing and utility sectors are capital intensive generators of high labor productivity growth and economic value-added. Strong growth at the industrial center of the economy, in turn, spread prosperity to the services periphery and lifted real living standards and sustainable national wealth.

Industrial Production Index And Its Constituents, 1972-2000

Since the pre-crisis peak in 2007, however, the industrial production picture has turned upside down. The only contributor to industrial production growth since November 2007, in fact, is the mining and energy sector, which boomed on the back of the shale revolution and the availability of cheap investment capital from the speculative precincts of Wall Street.

Per Annum Growth Rate, Q4 2007 to Q1 2022

  • Mining and Energy: +2.04%;
  • Gas and Electric Utilities: +0.10%;
  • Manufacturing: -0.21%;
  • Total Industrial Production: +0.14%

That's right. The per annum growth rate of industrial production (blue line) plunged by 95% during the last 14 years compared to the 1972-2000 average because manufacturing output (purple line) turned negative and gas and electric utility (brown line) growth slowed to a crawl.

With respect to the latter, the abrupt slowdown in the rate of population growth and household formation was a significant contributor to the disappearance of meaningful utility output growth. Thus, during 1972-2001, the growth rate of household formation was 1.68% per annum, which rate slowed by 53% to just 0.79% per annum since 2007.

However, the real culprit in pushing utility output growth to the flat-line was the complete stagnation of manufacturing production.

By Q1 2022, the index for manufacturing output was actually 3% lower than it had been in Q4 2007. And when you toss in energy efficiency improvements in the interim, self-evidently the bottom dropped out of demand for utility supplies from the manufacturing sector.

Industrial Production Index And Its Constituents,Q4 2007-Q1 2022

The question recurs, therefore, as to why manufacturing output growth plunged from +3.10% per annum over 1972-2001 to -0.10% since the pre-crisis peak in late 2007.

The answer, of course, is globalization—the off-shoring of massive amounts of the US manufacturing sector to the cheap labor cost venues of China, Mexico and their global supply chains. That process developed a head of steam in the mid-1990s, when China went all-out building export factories and their supporting infrastructure.

The result, of course, was the greatest labor cost arbitrage in history. Between 1995, when China's exports to the US began to boom, and April 2022, US nominal hourly wages in manufacturing rose by 103% (brown line, right axis). So doing, they steadily widened the dollar cost gap with China, thereby intensifying incentives for US vendors to off-shore production or sourcing.

At the same time, however, US workers who managed to retain their jobs gained only 6% in inflation-adjusted wages (purple line, left axis) over the same 27 years period.

That is to say, the Fed's foolish 2.00% inflation targeting policies generated the worst of all possible worlds: While crushing domestic worker paychecks with ever higher inflation, it sent millions of good paying manufacturing jobs abroad. The associated utility growth benefit of robust manufacturing output gains, in turn, also migrated to China, unlike the spillover to domestic utilities, as was the case before 2000.

Indexes of Average Nominal and Real Hourly Earnings, 1995-2022

The breathtaking magnitude of the Fed's foolish inflation targeting policy is evident when the same facts are viewed from the lens of a sound money regime on the free market. To wit, a dollar-linked to gold would have caused a curtailment of bank lending and credit growth in order to stem the US current account deficits.

In turn, restrictive credit and demand growth would have caused a steady domestic deflation of wages, prices and costs in response to tighter domestic financial conditions. The alternative would have been a massive drain on reserve assets (gold).

As it happened, however, the Keynesian Fed jettisoned the requisites of sound money, which had operated successfully over long stretches of historical prosperity, in favor of monetary autarky, The latter is the foolish belief that it could stimulate the domestic bathtub of GDP to the brim without dislocating the vast flows of US merchandise trade, capital and finances with the rest of the world.

The result was that during the 27 year span shown below, the US price level as measured by the CPI rose by 92%, when under a regime of sound money it would increased by 0.0%, or actually fallen significantly.

The labor and production off-shoring triggered by the Fed fostered inflation shown below, is what brought industrial production growth to a halt, most especially after the Eccles Building went full retard with the printing presses in 2008 and beyond.

CPI Indexed To January 1995

Needless to say, when Mr. Deng pronounced in the early 1990s that "to be rich is glorious", a US policy of domestic deflation was desperately needed owing to the inflationary follies of the 1970s and beyond. After all, those shiny new export factories, bedecked with state of the art equipment and technology, would be manned by draining a near limitless supply of ultra-cheap labor from China's massive rice paddies.

In this context, it needs be recalled that between mid-1971, when Nixon shit-canned a sound gold-backed dollar during the infamous Camp David weekend, and January 1995, the domestic price level (black line) rose by a staggering 273%. That obviously levitated the entire domestic cost structure including wages, utilities, transportation and all other downstream activities.

There was not a snowball's chance in the hot place that productivity improvements could even remotely keep up with these soaring cost pressures. Accordingly, unit labor costs rose by 124% during the same period.

And that's what sunk US manufacturing. That's what sent goods production and their utility inputs scurrying to China, Mexico and countless other low labor-cost venues.

CPI And Unit Labor Costs, 1971-1995

The question thus recurs. If all that money printing during recent decades did not boost industrial growth but actually resulted in its off-shoring, pray tell what did it accomplish?

In a word, it caused a vast, capricious redistribution of wealth from savers to borrowers and speculators. And in that there is no economic virtue because the bulk of society did not gain, while the better-off and more aggressive learned that the easy way to wealth is debt and gambling.

In the case of the savers, the data leaves nothing to the imagination. Using a $100,000 savings account at average national rates, the chart below makes evident that during nearly the entirety of this century to date, savers have been underwater: During 17 of the last 20 years, the meager rates shown in the black bars below were less than the rate (blue dashes) needed just to keep up with inflation.

So can you say, wealth confiscation?

That's what it amounts to because on the free market interest rates on savings accounts would never run below the inflation rates for nearly two decades continuously. And most especially, the conditions extant in 2022 would be considered a laughingstock.

As shown below, to keep up with inflation at present you would need to earn $6,436 in interest annually on that $100,000 savings account, while the actual rate currently on offer amounts to $80 per annum in interest.

Yes, that's confiscation on steroids. But here's the thing: The Fed did not actually start letting short-term interest rates off the zero bound until a run rate of $6,356 in stolen funds from savers had materialized; and it intends to take it sweet time over quarters and years getting back to its 2.00% target.

In the meanwhile, of course, trillions more will have been stolen from main street savers by a central bank that is in the monetary central planning business, not the superintendence of sound money.

By contrast, mortgage borrowers have been on easy street. Since 2010 the inflation adjusted fixed rate on a 15-year mortgage has oscillated between just 1-2% and by March 2022 when the Fed finally lifted interest rates, it stood at a ludicrous -5.2%.

In a word, until Powell & Co could see the headlights of the inflationary freight train barreling down the tracks straight toward the Eccles Building, they were happily confiscating from savers to the tune of 6.3% in order to pleasure mortgage borrowers with a 5.2% subsidy

For the life of us, we don't see any Congressional mandate, nor canon of economic logic and justice that could justify such capricious redistribution.

Inflation-Adjusted 15-Year Mortgage Rate, 2010-2022

Indeed, the only thing it has accomplished in the housing sector is another home price bubble. Notwithstanding that the 2020-2021 Covid-Lockdowns brought economic calamity to tens of millions of US households and small businesses, home prices shot the moon owing to the Fed's ridiculously low rates, enforced along the entire yield curve by its manic $120 billion per month of bond-buying.

Consequently, the median existing home price soared from an already frisky $285,300 in mid-2019 to $391,200 at present, representing a 37% gain.

So more caprice: Existing homeowners were tickled pink, while first-time buyers and trade-up buyers had their noses pressed hard upon the glass.

Of course, Housing Bubble 2.0 is about ready to hit the skids. Back in January 2021, the 30–year mortgage rate was 2.65% and average new home price (excluding existing units) was $401,700. By contrast, today the 30–year mortgage rate is 5.30% and average new home price is $523,900.

If you assume a 20% down payment, therefore, the monthly mortgage payment will rise by 80%, increasing from $1,294 to $2,327. Accordingly, already the volume of housing transaction is weakening, meaning that another round of crashing home prices is just around the corner—especially as the Fed is forced to tighten far more than now assumed in order to get the inflation genie back in the bottle.

In a word, what the Fed gaveth, it's fixing to take back. So what was the point of the cheap-mortgage fueled housing bubble?

It certainly did not create a corresponding boom in new home construction. As we learned this week, new single family completions in April posted at 1.001 million. That's 40% below the 2005 peak, and actually below the 1.028 million level posted way back in April 1971.

That is to say, housing completions are now at the level first attained 51 years ago—an interval in which the number of households has risen from 83 million to 130 million. And now home construction is fixing to keel over again as the Fed's belated rate normalization policy kicks into high gear.

New Single Family Home Completion, 1971-2022

Of course, both Wall Street and much of Washington are already singing from the "Inflation has Peaked" hymn book, but that's belied by the fact that shelter, food and energy prices are still rising strongly.

So what the politicians hypocritically call "kitchen table" talk when pretending to empathize with their constituents, might better described as "who mugged the hamburger"?

That's what the Fed's massive money printing has actually accomplished over the last several decades.

To wit, no boon to industrial growth, no wealth gains for the majority of Americans accompanied by a perverse redistribution to the top and no gains in housing construction—one of the main reasons for monetary stimulus in times long gone.

Reprinted with permission from International Man.

The post How the Fed Killed Growth and Mugged the Hamburger Instead appeared first on LewRockwell.

Lew Rockwell
28 May 2022 | 6:01 am

Dr David E Martin Gives Explosive Jaw-Dropping Information in Canadian Zoom Meeting


This Zoom call with Dr David E Martin and a group of Canadian scientists and activists was uploaded to Rumble on May 17, 2022 and it is a hard-hitting and concise summary of the legal tack that he's taking against the COVID Genocide and of the status of Dr Martin's lawsuits against the primary individuals responsible.

I've made numerous hyperlinks to the entities and the legal filings that he describes.

***

TRANSCRIPT

"For those not familiar with the work, you can go to ProsecuteNow.com and…you will see the Utah Federal Case that we have filed against the President, against CMS and against the Department of Health and Human Services.

"If you want to understand why we refuse to use the term, 'vaccination', that's the reason why, so go to ProsecuteNow.com. There, you'll also see the summary of litigation and you'll also see the draft indictment.

What I can say is that we have three different law enforcement agencies who, in fact are working with us right now on the development of the very first criminal indictment against one of the sociopaths that architected this global campaign of terror and you will be hearing more about that between now and the 22nd of May. The crime is coming.

"And if you haven't read the Utah filing, please do, it is extremely, extremely important and obviously, some of you are aware that… Leslie Manookian hired me and George [Wentz] – to build the case that ultimately led to the Florida decision that removed masks from airplanes.

"So we have the first win, which obviously, is now benefitting everybody who ever has to be in a plane and we are now in the middle of the preliminary injunction phase of the Utah case against CMS.

"I wanted to lean heavily into the Canadian side of this question – but I want to make sure that we stipulate something out of the gate:

"This is not a public health situation, this is not even a science situation. And while I appreciate the public health people and the scientists who love to talk about the nuance of this, it is like commenting on the merits of firearms at a shooting.

"This is a case of murder. It is not a case of disease, it is not a case of pandemic, this is a case of murder and the people currently doing delivery of the agent of that murder are, in fact, people who wear lab coats. If they wore anything else, if they wore hoodies, if they wore anything else, we'd call them 'murderers'. Right now, we call them 'doctors'.

"The fact of the matter is, this is premeditated global terrorism. This is premeditated domestic terrorism and this is premeditated racketeering.

"And the reason why I say that is because the evidence is that Canada and the United States collaborated – and specifically, during the gain-of-function moratorium.

"So for those of you who actually don't understand the dynamics of this, the weaponization of the spike protein associated with WIV1, which is the Wuhan Institute of Virology Virus 1, which was sampled from China, reportedly between 2011 and 2013, which was replicated at the University of North Carolina Chapel Hill in 2013 and '14, which was the subject of the moratorium on the gain-of-function research, where Anthony Fauci said to Ralph Baric at the University of North Carolina Chapel Hill in October of 2014, that while, in fact there was a gain-of-function moratorium, his work on the weaponization of the Wuhan Institute of Virology virus spike protein was able to go on because, I quote, 'He had already been funded,' end quote.

"And this study, which was done in vivo, resulted in two papers: One, in 2015 and one, in 2016, both stating that the Wuhan Institute of Virology Virus 1 [WIV1] spike protein, targeting endothelial tissue, targeting lung tissue, targeting kidney tissue; he stated that it was – and I'm quoting: 'Poised for human emergence.'

"So anyone who wants to sit here and pretend like this is anything other than premeditated murder is actually watching freight cars roll across Germany and wondering where neighbors are going.

"The fact is that there is no question, whatsoever that this was a premeditated act of murder.

"And for those of you that have not heard it, I will not get on a show without reciting the evidence: In March of 2015, Peter Daszak, the chief architect of the deployment of this particular campaign of terror, along with Anthony Fauci and Ralph Baric, Peter Daszak made the following statement:

'To sustain the funding base beyond the crisis, we need to increase the public understanding of the need for medical countermeasures, such as a pan-influenza or a pan-coronavirus vaccine. A key driver is the media and the economics will follow the hype.

'We need to use that hype to our advantage to get to the real issues. Investors will respond if they see profit at the end of the process.'

"If you think this is an issue that has anything to do with a virus spreading in a pandemic, you are delusional. This is a premeditated crime. They announced the crime in 2015 and conveniently, the Government of Canada entered into an agreement with the distribution of the lethal agent in 2015.

"And specifically, that was Thomas Madden, that was Pieter Cullis and Ian MacLachlan, who at the University of British Columbia developed a lipid nanoparticle that was required to first, demonstrate the ability to actually do what was called 'gene silencing' in monkeys and then, took that technology, after a lawsuit, which was a $65 million lawsuit – the settlement of that lawsuit in 2012 – and for those in Canada, look up that lawsuit – it was the lawsuit between ProtivaTekmiraAlCana Therapeutics and the University of British Columbia.

"After the $65 million settlement was paid in that particular case in 2015, AlCana Therapeutics, owned by Thomas Madden and Pieter Cullis sub-licensed the lipid nanoparticle technology to Moderna for the development of an mRNA vaccine during the gain-of-function moratorium, in violation of US and Canadian law.

"Because it's illegal in Canada to support and make an agent which enables the delivery of a biological weapon. That's actually illegal in Canada and it's illegal to develop and aid in the development of a biological weapon in the United States.

"Those are Felony Violations of two parts of the Criminal Code of the United States: 18 US Code §2339, which is conspiring to commit acts of terrorism and 18 US Code §175, funding and creating a biological weapon.

"The fact of the matter is AlCana, Acuitas and the University of British Columbia, together with Moderna are, in fact guilty of Felony Violations of 18 US Code §175 and that Felony Violation took place in 2015 – specifically, during the gain-of-function moratorium.

"Any law enforcement official who is actually doing anything in support of Trudeau is aiding and abetting the criminal acts of the Government Canada, the criminal acts of the University of British Columbia and the criminal acts of Acuitas, AlCana and its principals, Thomas Madden and Pieter Cullis.

"So, lest we sit here and pretend to stand on ceremony, the fact of the matter is, it does not matter what clinical trials have or haven't been done. That's like debating the merits of copper when a bullet is in a corpse. That is a foolish exercise.

"What we need to be doing is focusing all of our efforts single-handedly and directly on the criminal prosecution of terrorists who have now aided and abetted in the murder of millions.

"And just to put a fine point on this thing: Ralph Baric at the University of North Carolina Chapel Hill, in addition to being the architect of the spike protein weaponized to destroy humanity also holds patent interest in the invention of Remdesivir, which was known in its clinical trials in the early 2000s to be lethal when used in patients for a number of other pathogens.

"And willfully and knowingly distributing an agent that is, in fact known to be harmful and fatal to humans is Premeditated Murder.

"And the fact that all of the governments inside the earshot of who's listening right now have adopted the Remdesivir protocol and have adopted the acceptance of the narrative that this is, in fact some sort of variation of coronavirus, the fact of the matter is neither are the case.

"This is, in fact a bioweapon delivered by a carrier agent developed by the Government of Canada – and given that Pfizer-Biontech and Moderna both pay royalties to Canadian interests, every single shot administered from Pfizer or from Moderna involve license fees that flow back to the Government of Canada.

"So this is racketeering at the highest level and the Canadian government is complicit and guilty of racketeering and conspiring to fund the commission of acts of terror…

"We have to focus on the crime that's being committed, we have to put our efforts on that crime and 100% of what I'm doing is making sure that the entire world knows that anybody who actually promotes a narrative that says that there is a novel disease, anyone who promotes the narrative that says there's a novel pathogen – and any lawyer who stipulates that there are either of those things – is as complicit as Trudeau and Fauci.

"It's time that we draw a line in the sand and say, 'We the People will not stand for the domestic and international terrorism that is being done in the name of health.'"

Reprinted with the author's permission.

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Lew Rockwell
28 May 2022 | 6:01 am

The Globalists’ Race Against Time


A Great Reset will happen, just not the one intended by the Globalists. They may have to settle for the Great Decoupling instead.

The green economy, de-industrialisation, digital health passports, Central Bank digital currencies, these are all core components of the Globalists' plan for the Great reset. The WEF has painted a picture of their proposed future via Klaus Schwab and his acolytes. "We will have nothing, own nothing and be happy". The main obstacle to this grand vision is that not surprisingly very few countries wish to go along with it. The Globalists know their game is coming to an end and the Great Reset is their way of ensuring that the same financial cabal that has brought the world to its current lamentable state will continue to rule over all in the next world order. The most prominent objectors to this insidious plan are of course Russia and China. Unlike their western counterparts both have strong leaders who enjoy popular support, have strong economies and are optimistic about future prospects for growth. Neither intends to sacrifice their countries so that Western elites can maintain their control over the Global economic system and impose their self-serving will on weaker nations. Which in its simplest terms is why both countries need to be destroyed, at least economically before the Great Reset can be imposed on the world. Time, however, is not on the Globalists' side, recent events have demonstrated that they are aware of this and are accelerating their timelines.

The Great Reset and its stated objectives have been in the planning for several years, those plans however are now seriously behind schedule. The election of Trump in 2016 wasn't supposed to happen. He was to Washington the ultimate "Black Swan" event. An outsider without the backing of a political party and with seemingly the entire mainstream media against him, his victory was considered all but impossible. Yet win he did, and it seemed he spent the entire four years of his presidency battling against the Globalist faction, both internationally and within America. Washington felt cheated, not only was Trump an "outsider" he was also a disrupter. Opinions on the divisive Trump aside, he was indisputably an "America First Nationalist", he was anti-NATO. and a vocal anti-Globalist. There would be no Great Reset under Trump, he was an obstacle to the agenda and had to be removed. Which in 2020 in a blatantly fraudulent election he was. Should Trump run again in 2024 and all indications are that he will, he would likely win an honest election in a landslide. The return of Trump would provide another major obstacle to the Globalist agenda. Expect that all efforts will be expended to prevent another Trump presidency. With an angry populace and increased electoral scrutiny next time around, they may have to turn to other measures to foil a Trump return. Should Trump re-enter the White House in 2024, the notoriously vindictive Trump is expected to seek accountability against those who he believes robbed him of his rightful election. Nerves are frayed in Washington and they know the clock is ticking.

Trump set the agenda back four years and they are now playing against the clock to make up for lost time, all evidence suggests that they are getting increasingly desperate. The recent invitations issued to Sweden and Finland to "fast track" NATO membership is yet another provocation to Russia. Putin wants to end the Ukraine conflict on his own terms and withdraw, he doesn't not get bogged down in a quagmire that would drag on for years. NATO wants exactly that. Wooing Sweden and Finland is their attempt to ensure years of conflict and tension. Putin understands this all too well. As they lurch from one bad idea to another, attention should be paid to the indecent haste in which they are moving. It appears they are making things up as they go along, all without any obvious sense of consequence.

The prospect of Trump 2.0 is not the only time sensitive issue facing the Globalists. The global economy is on the brink of implosion. Sri Lanka has recently defaulted on its international debts. This will immediately create at least a $500 billion hole in the global economy. Alarmingly, according to the World Bank more than 70 other countries are in a similarly perilous economic condition. For most their debts are un-payable, and the IMF solution of structural adjustment (austerity) privatisations, and cuts to government services, would consign these countries to generations of deprivation and social unrest. Or, they could repudiate the debt completely and abandon the Western banking model. Both China and Russia have alternatives to SWIFT and welcome countries who want to escape the neo-liberal financial plantation. Both offer investment for development, non-interference and respect for countries' sovereignty. All things valued by every country, but unachievable under Western domination. Decisions will very soon be made by countries throughout the Global south about who they want to align their futures with.

A new proposal being put before the UN on May 22nd essentially requires all nations to surrender their sovereignty to the WHO in the event of another pandemic. That they would even think that post-Covid the WHO enjoys that level of confidence, is delusional. This transparent power grab is easily recognised for what it is, in the unlikely event that it gains enough traction, expect another pandemic to follow shortly after. The cabal still has the tools to cajole, bribe and threaten countries to submit, and doubtless it will try, but outside of the captured western countries, such a desperate move will garner scant support. Covid failed to usher in the Great Reset but it unleashed a wave of destruction on the global economy that may take generations to repair. Many questions on the criminal mismanagement of Covid remain unanswered. There are few nations that don't harbour deep resentment towards the notoriously corrupt and inept WHO and its genocidal Sugar Daddy Bill Gates. The sheer audacity of the proposal stinks of desperation. The upcoming vote is likely to give the Globalists another stark reminder of its waning power and influence.

A Great Reset will happen, just not the one intended by the Globalists. They may have to settle for the Great Decoupling instead. As Western influence continues to diminish at a rapid pace the trend of countries flocking to the China/Russia orbit is bound to increase. The NWO that they have been lusting after for generations is likely to be restricted to Western Europe and North America, or about 15% of the World's population. The effects of the disastrous Ukraine provocation and the failed sanctions will soon become undeniable. Food and energy shortages together with uncontrollable inflation, will make even this smaller NWO harder to control. The Emperor has no clothes, as all can now see, their game is old, tired and predictable, and they have no new ideas. The Globalists may not have to worry about a Trump return in 2024. It is highly likely that the clock will have run out on them by then. It could happen any day.

The views of individual contributors do not necessarily represent those of the Strategic Culture Foundation.

The post The Globalists' Race Against Time appeared first on LewRockwell.

Lew Rockwell
28 May 2022 | 6:01 am

MSM Offers Rare Glimpse Into How Bad Things Are Really Going For Ukrainian Forces


While everyone's focused on the latest mass shooting in the US, The Washington Post published what may be the first major acknowledgement from the mainstream western media that Ukraine's war against Russia has not been nearly the cakewalk they've been leading the public to believe.

In a new article titled "Ukrainian volunteer fighters in the east feel abandoned," WaPo reports that contrary to the triumphant narratives the western world is being spoon fed, many troops in eastern Ukraine have been surviving on one potato per day and deserting their posts because they feel their leaders have turned their backs on them and they're being sent to certain death.

"Stuck in their trenches, the Ukrainian volunteers lived off a potato per day as Russian forces pounded them with artillery and Grad rockets on a key eastern front line. Outnumbered, untrained and clutching only light weapons, the men prayed for the barrage to end," The Washington Post reports, citing multiple named sources.

"Ukrainian leaders have projected and nurtured a public image of military invulnerability — of their volunteer and professional forces triumphantly standing up to the Russian onslaught," the article reads. "But the experience of Lapko and his group of volunteers offers a rare and more realistic portrait of the conflict and Ukraine's struggle to halt the Russian advance in parts of Donbas. Ukraine, like Russia, has provided scant information about deaths, injuries or losses of military equipment. But after three months of war, this company of 120 men is down to 54 because of deaths, injuries and desertions."

Ukrainian leaders project an image of military invulnerability against #Russia. But commanders offer a more realistic portrait of the war, where outgunned volunteers describe being abandoned by their military brass and facing certain death at the front. https://t.co/YLu9M28Cx8

— Sudarsan Raghavan (@raghavanWaPo) May 26, 2022

WaPo reports that volunteer troops in that part of the country "quickly found themselves in the crosshairs of war, feeling abandoned by their military superiors and struggling to survive."

"We are being sent to certain death," said one volunteer. "We are not alone like this, we are many."

"Hours after The Post interviewed Lapko and Khrus, members of Ukraine's military security service arrived at their hotel and detained some of their men, accusing them of desertion," WaPo reports. "The men contend that they were the ones who were deserted."

Some commentators have remarked on the fact that at long last we're seeing some realistic coverage of this war in the mainstream press.

"First major US media I've seen to report catastrophic condition of Ukrainian forces, collapsing Ukrainian morale on the front. Seems obvious we should know the truth about a war our government is so deeply invested in," tweeted journalist Mark Ames, a frequent critic of the mass media blackout on conditions in the Ukrainian military.

"This might be the first article in a mainstream publication that punctures the PR spin and secrecy of the foreign military that the US is subsidizing. Two commanders were arrested after they spoke to the Washington Post, painting an extremely grim picture," tweeted journalist Michael Tracey.

This is indeed a major break from standard mainstream reporting on this conflict, which is normally more in line with this recent Newsweek article titled "Putin's Elite Soldiers Getting Wiped Out as Russia Makes Mistakes—U.K.," sourced entirely in unevidenced claims by the British government and the military industrial complex-funded neocon think tank Institute for the Study of War.

First major US media I've seen to report catastrophic condition of Ukrainian forces, collapsing Ukrainian morale on the front. Seems obvious we should know the truth about a war our government is so deeply invested in.https://t.co/sYYwdm1p62

— Mark Ames (@MarkAmesExiled) May 26, 2022

So anyway, there it is. That's the reality on the front lines of this conflict that westerners have been cheering on from their comfortable homes while calling anyone who advocates a negotiated peace settlement a Putin apologist and a Kremlin troll.

These big brave sofa warriors have been on social media demanding that Ukrainians keep fighting in this way until they've secured total victory over Russia and reclaimed Crimea and the Donbas, tweeting "Slava Ukraini" with their little blue-and-yellow flag emojis during the commercial breaks of their favorite TV show in between mouthfuls of Funyuns.

Westerners would be a lot less cavalier about demanding a foreign population keep fighting until total victory if they truly understood the horrors of war. Unfortunately there's a propaganda machine of unprecedented sophistication that has spent generations preventing them from obtaining that very understanding.

That's why they're so happy to throw endless Ukrainian lives into the gears of the imperial war machine, and that's why the WaPo article we are discussing here is receiving very little mainstream attention online as of this writing. It will be dismissed and ignored by empire managers and their brainwashed flock with a "Hmm, you just can't hire good cannon fodder these days."

"So you think Ukraine should just GIVE Putin the Donbas and Crimea and neutrality, to end a war Putin started??"

No I think Ukraine should sacrifice rivers of blood serving as US proxy cannon fodder for years to drain Moscow while you sit at home eating Pop Tarts and tweeting.

— Caitlin Johnstone ⏳ (@caitoz) March 24, 2022

There's no real reckoning with exactly what's happening and exactly what these people are being called on to put themselves through. In the children's crayon drawing version of this war that lives in the heads of western so-called centrists, this is a team of heroic Good Guys righteously beating the tar out of hordes of Bad Guys because that's what happens in the movies and on TV.

But this is not the movies, and this is not TV. People are dying in a US proxy war that was deliberately provoked by the US-centralized empire, and behind all the narratives and spin they are ultimately doing so for nothing more noble than the agenda to secure US unipolar hegemony.

Many of the blue-and-yellow flag wavers are well-intentioned, and really do think they are advocating for Ukrainian freedom and sovereignty. But in reality all they've been cheering for is Ukrainian subservience and enslavement to the empire, Ukrainian death, Ukrainian suffering, and the continuation of a dangerous proxy war between nuclear superpowers that threatens the life of everyone on earth.

___________________

My work is entirely reader-supported, so if you enjoyed this piece please consider sharing it around, following me on FacebookTwitterSoundcloud or YouTube, or throwing some money into my tip jar on Ko-fiPatreon or Paypal. If you want to read more you can buy my books. The best way to make sure you see the stuff I publish is to subscribe to the mailing list for at my website or on Substack, which will get you an email notification for everything I publish. Everyone, racist platforms excluded, has my permission to republish, use or translate any part of this work (or anything else I've written) in any way they like free of charge. For more info on who I am, where I stand, and what I'm trying to do with this platform, click here. All works co-authored with my American husband Tim Foley.

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Lew Rockwell
28 May 2022 | 6:01 am

‘Nobody Wants Them’: Moderna Throwing out 30 Million Vaccine Doses, CEO Says + More


'Nobody Wants Them': Moderna Throwing out 30 Million Vaccine Doses, CEO Says

The Daily Wire reported:

After two-and-a-half years of COVID-19, we're all moving on. Sure, the virus is still there, albeit generally less dangerous with the Omicron variant, but many Americans no longer don masks and regular life has mostly returned. The whole "moving on" thing has one serious effect on vaccine makers.

"It's sad to say, I'm in the process of throwing 30 million doses into the garbage because nobody wants them," Moderna CEO Stéphane Bancel said this week. "We have a big demand problem."

Speaking to an audience at the World Economic Forum, Bancel also said efforts to contact various governments have failed. "We right now have governments — we tried to contact … through the embassies in Washington. Every country, and nobody wants to take them," he said. "The issue in many countries is that people don't want vaccines," he added.

Bancel's announcement comes just after the World Health Organization (WHO) issued a stern warning: the COVID-19 pandemic is "most certainly not over," warned WHO head Tedros Ghebreyesus.

The Risk for Guillain-Barré Syndrome Following J&J COVID Vaccination

Neurology Advisor reported:

The incidence of Guillain-Barré syndrome (GBS) was elevated following vaccination with the Janssen COVID-19 vaccine Ad.26.COV2.5, according to study findings published in JAMA Network Open.

In the U.S., there are 3 available COVID-19 vaccines, the replication-incompetent adenoviral vector vaccine Ad.26.COV2.5 or the mRNA vaccines BNT162b2 from Pfizer-BioNTech and mRNA-1273 from Moderna.

In April 2021, use of Ad.26.COV2.5 was paused due to concerns about thrombosis with thrombocytopenia syndrome and in July 2021, a report from the Vaccine Adverse Event Reporting System (VAERS) raised concerns about GBS after Ad.26.COV2.5.

The researchers sought to evaluate the rate of GBS after receiving any COVID-19 vaccine. Data were sourced from the Vaccine Safety Datalink which included records from 10,158,003 people in the US as of November 2021. Incidence rates of GBS up to 84 days after vaccination were evaluated for each of the 3 vaccines.

Novavax Missed Its Global Moonshot but Is Angling to Win Over mRNA Defectors

Kaiser Health News reported:

Novavax hitched its wagon to the global coronavirus pandemic. Before most Americans truly grasped the scope of the danger, the small Maryland biotech startup had secured $1.6 billion in U.S. funding for its COVID vaccine. Its moonshot goal: delivering 2 billion shots to the world by mid-2021.

Although the U.S. commitment eventually expanded to $1.8 billion, hardly any Novavax shots have found arms due to manufacturing issues, and most of the world has moved on. Novavax stock has plummeted from $290 a share in February 2021 to around $50 recently.

The FDA finally appears poised to authorize the company's vaccine, however. If it does, Novavax would target the tens of millions of Americans who are not vaccinated against COVID-19 or would benefit from boosters but have avoided mRNA vaccines because of health concerns or conspiracy theories about their dangers.

South Africa COVID Vaccine Hesitancy Due to Side-Effect Fears — Survey

Reuters reported:

Fears over the possible side effects and effectiveness of COVID-19 vaccines have been the main drivers of hesitancy among thousands of South Africans, a government-backed online survey showed on Thursday.

It has, like many countries in Africa and on other continents, struggled to convince skeptics to get vaccinated.

Among the 18-34 age group, hesitancy was highest, at 39%, the survey taken in October and November found, with the white population the most likely racial group to eschew the vaccine, at 48% of respondents.

"What this analysis has demonstrated is that the majority of those that express hesitation about taking the vaccine are not anti-science, but are expressing rational and legitimate doubts," a presentation on the survey's findings said.

Dominant Coronavirus Mutant Contains Ghost of Pandemic Past

Associated Press reported:

The coronavirus mutant that is now dominant in the United States is a member of the Omicron family but scientists say it spreads faster than its Omicron predecessors, is adept at escaping immunity and might possibly cause more serious disease.

Why? Because it combines properties of both Omicron and Delta, the nation's dominant variant in the middle of last year.

A genetic trait that harkens back to the pandemic's past, known as a "Delta mutation," appears to allow the virus "to escape pre-existing immunity from vaccination and prior infection, especially if you were infected in the Omicron wave," said Dr. Wesley Long, a pathologist at Houston Methodist in Texas. That's because the original Omicron strain that swept the world didn't have the mutation.

The Omicron "subvariant" gaining ground in the U.S. — known as BA.2.12.1 and responsible for 58% of U.S. COVID-19 cases last week — isn't the only one affected by the Delta mutation. The genetic change is also present in the Omicron relatives that together dominate in South Africa, known as BA.4 and BA.5. Those have exactly the same mutation as Delta, while BA.2.12.1 has one that's nearly identical.

WHO: COVID Cases Mostly Drop, Except for the Americas

Associated Press reported:

The number of new coronavirus cases and deaths are still falling globally after peaking in January, the World Health Organization said.

COVID-19 cases rose in only two regions of the world: the Americas and the Western Pacific.

WHO said it is tracking all Omicron subvariants as "variants of concern." It noted that countries which had a significant wave of disease caused by the Omicron subvariant BA.2 appeared to be less affected by other subvariants like BA.4 and BA.5, which were responsible for the latest surge of disease in South Africa.

U.S. Making COVID Antiviral Drug More Available at Test Sites

Associated Press reported:

The White House on Thursday announced more steps to make the antiviral treatment Paxlovid more accessible across the U.S. as it projects COVID-19 infections will continue to spread over the summer travel season.

The nation's first federally backed test-to-treat site is opening Thursday in Rhode Island, providing patients with immediate access to the drug once they test positive. More federally supported sites are set to open in the coming weeks in Massachusetts and New York City, both hit by a marked rise in infections.

Rebound COVID Is Just the Start of Paxlovid's Mysteries

The Atlantic reported:

The first data on Paxlovid, out last November, hinted that the COVID antiviral would cut the risk of hospitalization and death by 89%. Pundits called the drug "a monster breakthrough," "miraculous," and "the biggest advance in the pandemic since the vaccines."

Now, finally, the game is being changed. The government has ordered 20 million courses of Paxlovid, committing half of the $10 billion in additional COVID funding that is being negotiated in the Senate; and Pfizer says that the number of patients taking the drug increased by a factor of 10 between mid-February and late April.

But as the treatment spreads, so too does confusion over its effectiveness and side effects. Patients have complained of a bitter, metallic taste, or one like grapefruit juice mixed with soap, the whole time they were on the drug. More concerning, some have reported experiencing a second round of symptoms, and going back to testing positive, when the pills were done, a phenomenon that's become known as "Paxlovid rebound."

Meanwhile, Pfizer has never published any final data on the use of the drug by vaccinated patients, leaving medical professionals with little information about how the drug works for people who have received their shots — which is to say, most of the adult population in the U.S.

Nation's Latest COVID Wave Largely Hidden From View, Health Experts Say

ABC News reported:

Current COVID-19 cases are just a fraction of what they were at the peak of the Omicron wave. But many people in the country may be noticing what seems to be a flood of cases in their social circles.

Health experts say this anecdotal evidence may not be simply coincidence, as the U.S. may be in a "hidden" wave — one much larger than reported data would suggest.

This is due in part to changes in data collection and reporting and the proliferation of at-home tests. Some state officials report that health departments and healthcare facilities have also ended traditional tracking of COVID-19 patients, which epidemiologists say make it more difficult to know how many patients are coming into hospitals in need of care.

Hospitalization numbers have been increasing in recent weeks, but not at a rate as significant as infections.

With Failed COVID Shot Still Dragging on Earnings, CureVac Tries to Turn Page to Next-Gen mRNA Tech

Fierce Biotech reported:

CureVac's first-generation COVID vaccine — a shot that failed to reach anywhere near the high efficacy bar set by rivals — is continuing to drag on the German biotech's earnings and is expected to negatively impact sales for the rest of the year.

But the company is looking to its future, pointing to a next-generation COVID-19 shot and an influenza program in development with GlaxoSmithKline, plus a new focus on oncology thanks to a freshly signed deal with myNEO.

The company's financials continued to be marred by "prior commitments" related to the CVnCoV vaccine, CFO Pierre Kemula said in a first-quarter earnings report released Wednesday. These impacts will continue through the year but will start to wane.

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The post 'Nobody Wants Them': Moderna Throwing out 30 Million Vaccine Doses, CEO Says + More appeared first on LewRockwell.

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