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China Deploys Military to Fight Coronavirus as Confirmed Infections Approach 1,000

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Edward Bernays and Group Psychology: Manipulating the Masses

The following is a transcript of this video.

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of…in almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind, who harness old social forces and contrive new ways to bind and guide the world.” (Propaganda, Edward Bernays)​

 

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Oh Yeah, I 'member

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Eddie Bernays is related to Sigmund Fraud
 

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World Bank Launches First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility

Washington, DC, June 28, 2017 – The World Bank (International Bank for Reconstruction and Development) today launched specialized bonds aimed at providing financial support to the Pandemic Emergency Financing Facility (PEF), a facility created by the World Bank to channel surge funding to developing countries facing the risk of a pandemic.

This marks the first time that World Bank bonds are being used to finance efforts against infectious diseases, and the first time that pandemic risk in low-income countries is being transferred to the financial markets.

The PEF will provide more than $500 million to cover developing countries against the risk of pandemic outbreaks over the next five years, through a combination of bonds and derivatives priced today, a cash window, and future commitments from donor countries for additional coverage.

The transaction, that enables PEF to potentially save millions of lives, was oversubscribed by 200% reflecting an overwhelmingly positive reception from investors and a high level of confidence in the new World Bank sponsored instrument. With such strong demand, the World Bank was able to price the transaction well below the original guidance from the market. The total amount of risk transferred to the market through the bonds and derivatives is $425 million.

“With this new facility, we have taken a momentous step that has the potential to save millions of lives and entire economies from one of the greatest systemic threats we face,” World Bank Group President Jim Yong Kim said. “We are moving away from the cycle of panic and neglect that has characterized so much of our approach to pandemics. We are leveraging our capital market expertise, our deep understanding of the health sector, our experience overcoming development challenges, and our strong relationships with donors and the insurance industry to serve the world’s poorest people. This creates an entirely new market for pandemic risk insurance. Drawing on lessons from the Ebola Outbreak in West Africa, the Facility will help improve health security for everyone. I especially want to thank the World Health Organization and the governments of Japan and Germany for their support in launching this new mechanism.”

The World Bank announced the creation of the PEF in May 2016 at the G7 Finance Ministers and Central Governors meeting in Sendai, Japan. The PEF will quickly channel funding to countries facing a major disease outbreak with pandemic potential. Its unique financing structure combines funding from the bonds issued today with over-the-counter derivatives that transfer pandemic outbreak risk to derivative counterparties. The structure was designed to attract a wider, more diverse set of investors.

The PEF has two windows. The first is an ‘insurance’ window with premiums funded by Japan and Germany, consisting of bonds and swaps including those executed today. The second is a ‘cash’ window, for which Germany provided initial funding of Euro 50 million. The cash window will be available from 2018 for the containment of diseases that may not be eligible for funding under the insurance window.

The bonds and derivatives for the PEF’s ‘insurance’ window were developed by the World Bank Treasury in cooperation with leading reinsurance companies Swiss Re and Munich Re. AIR Worldwide was the sole modeler, using the AIR Pandemic Model to provide expert risk analysis. Swiss Re Capital Markets is the sole book runner for the transaction. Swiss Re Capital Markets and Munich Re are the joint structuring agents. Munich Re and GC Securities, a division of MMC Securities LLC are co-managers.

Swiss Re Capital Markets Limited, Munich Re and GC Securities were also joint arrangers on the derivatives transactions.

The bonds will be issued under IBRD’s “capital at risk” program because investors bear the risk of losing part or all of their investment in the bond if an epidemic event triggers pay-outs to eligible countries covered under the PEF.

The PEF covers six viruses that are most likely to cause a pandemic. These include new Orthomyxoviruses (new influenza pandemic virus A), Coronaviridae (SARS, MERS), Filoviridae (Ebola, Marburg) and other zoonotic diseases (Crimean Congo, Rift Valley, Lassa fever).

PEF financing to eligible countries will be triggered when an outbreak reaches predetermined levels of contagion, including number of deaths; the speed of the spread of the disease; and whether the disease crosses international borders. The determinations for the trigger are made based on publicly available data as reported by the World Health Organization (WHO).

Countries eligible for financing under the PEF’s insurance window are members of the International Development Association (IDA), the institution of the World Bank Group that provides concessional finance for the world’s poorest countries. The PEF will be governed by a Steering Body, whose voting members include Japan and Germany. WHO and the World Bank serve as non-voting members.

The World Bank has developed some of the most innovative catastrophe risk insurance instruments in the market to help developing countries manage risk. In the past ten years the institution has executed approximately $1.6 billion in catastrophe risk transactions.

Screen Shot 2020-03-13 at 2.58.02 PM.png




IBRD Pandemic Bonds Distribution by Investor Type and Location
Screen Shot 2020-03-13 at 2.58.09 PM.png


(*) Please see the Supplemental Prospectus for a detailed description of the Terms and Conditions of the bonds, the related risks with regard to an investment in the bonds and the relevant offering restrictions. Any offer of the bonds will solely take place on the basis of the Supplemental Prospectus prepared by the World Bank or on behalf of the World Bank.
(**) There was an additional $105 million size done in the derivatives market.

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems.

The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for 70 years to fund its activities that achieve a positive impact.

Information on World Bank bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities

Quotes

Christian Mumenthaler, Group CEO of Swiss Re, said "We are very proud to have supported the World Bank over the past two and a half years in the endeavor to build an innovative insurance vehicle to better respond to epidemic outbreaks. Swiss Re was co-mandated by the World Bank to develop and design the "insurance window" of PEF and lead the marketing efforts of the transaction in its role as sole book-runner for the capital market placement. The combined derivative/capital markets structure is just one of many pioneering elements of this transaction. Addressing one of the world's most systemic risks, it underpins Swiss Re's commitment to making the world more resilient and its continued leadership in the insurance linked securities market."

Joachim Wenning, Chairman of the Board of Management of Munich Re, said: “The PEF shows how close collaboration between the public sector and insurers can help limit the negative effects of catastrophes in developing countries. Munich Re is proud to have played a major part in this proactive and reliable financing mechanism from the very beginning. I’m confident that our core competences in risk modelling, identification and management will further this very good cause – strengthening the resilience of companies and societies alike. We truly hope that the PEF will become a sustainable and integral part of a global health architecture to make our planet more resilient to dangerous epidemic and pandemic risks.”

Peter Hearn, President and CEO of Guy Carpenter & Co, said: “Our capital agnostic perspective delivers an innovative combination of catastrophe bonds and swaps, giving the World Bank a diverse range of cost-effective risk transfer products supported by both capital markets investors and traditional (re)insurers,” said “This facility will enhance funding for emergency response and give ILS investors and (re)insurers greater access to a non-correlating class of risk, and we are honored to have assisted the World Bank with implementation of its financing.”
 

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Trump declares National Emergency today

Stafford Act

Overview

The Robert T. Stafford Disaster Relief and Emergency Assistance Act of 1988 (Stafford Act) governs how the United States government responds to disasters. While the Stafford Act provides an important and necessary foundation for coordinated national response to disasters, a number of shortcomings and deficiencies have been identified over the years. By understanding the Act’s pitfalls and gaps, donors can make strategic decisions in allocating private dollars toward disaster preparedness, response and recovery.​
Broken into seven titles, the Stafford Act establishes a federal process for declaring disasters, determining the appropriate level of response and dividing up the costs among federal, state and local governments. In addition to providing federal assistance programs to deal with economic losses resulting from disasters, the Act articulates the need for state and local governments to create comprehensive disaster preparedness plans and mechanisms to prepare for intergovernmental coordination during times of crisis.

Hurricane Katrina exposed organizational deficiencies of the Federal Emergency Management Agency (FEMA) and, as a result, the agency was widely criticized for a slow and inadequate response. Understanding the Act’s limitations is key to improvements for future disasters. As the Louisiana Family Recovery Corps stated in the wake of Katrina, “the rigidity of the Act and its voluminous amendments has certainly served to handcuff those federal agents, officers and agencies working under its oversight.”

A more recent criticism after Hurricane Harvey in 2017 was that the Act only allows FEMA to provide “temporary housing,” which elevates short-term fixes instead of long-term solutions.

The Disaster Recovery Reform Act (DRRA) aims to improve the Stafford Act and reduce disaster risk including amending the Act to create a pre-disaster mitigation program that would not be subject to annual appropriations from Congress.

Another DRRA proposal would allow temporary FEMA personnel to become permanent employees after serving continuously for three years. This would allow the agency to grow the pool of qualified potential employees.

Other DRRA plans would alter how FEMA interacts with state and local governments. One such change would allow the agency, in coordination with the U.S. Department of Transportation, to produce guidance for state and local governments to identify evacuation routes. Another amendment would allow state and local governments to administer temporary and permanent housing construction, with those who implement cost-effective solutions eligible for reimbursement.

The DRRA also calls for expanding the eligibility of grant funding for things like wildfire activities, water resources development projects and assistance for building code and floodplain management, among others.

Key Facts

  • There are two types of incident levels: emergencies and major disasters. Emergencies are usually smaller events in which a limited federal role is sufficient, while major disasters are usually larger scale events, such as a powerful hurricane or earthquake. Only the president can declare an event an emergency or a major disaster.
  • The governor of the state in which a major event has occurred determines whether or not the state has the resources to handle the disaster. If that governor decides the state does not have the ability to handle the response, he or she must then ask the president for help and inform the president of the resources the state is able to commit. The president then decides whether to declare a major disaster and directs the assistance. A similar process takes place for emergencies. This top-down approach often does not include the perspective of people living in the disaster-affected area.
  • In the wake of a federally-declared disaster, the federal government provides assistance to state and local governments. Assistance includes food, shelter, financial assistance and the repair of physical damage resulting from a disaster. For major disasters, long-term recovery loans to individual small businesses are capped at $2 million. FEMA will pay up to 90 percent to state and local governments for debris removal, emergency protective measures, roads and bridges, water control facilities, buildings and equipment and utilities.
  • The president instructs federal agencies to provide states disaster preparedness and mitigation assistance. Federal agencies provide technical assistance to states to help them prepare for disasters and administer grants for the purpose of creating or updating emergency plans. However, state and local governments often lack the capacity and planning resources necessary for effective mitigation.
How You Can Help

The Stafford Act does not adequately address long-term recovery needs following a disaster. This is where private dollars become critically important. Donors can employ the following strategies to complement existing federal assistance programs:

  • Support recovery. In order to increase the effectiveness of long-term recovery, the shortcomings of the Stafford Act must be addressed. Philanthropists can use their convening power to organize donor consortiums to advocate for legislative reform of the Stafford Act and to ensure FEMA delivers a long-term recovery framework.
  • Help affected individuals and households receive case management and mental health services. Current federal funding for case management programs is insufficient and does not meet the needs of disaster victims. Donors can fill this gap and support long-term recovery by funding humanitarian organizations providing case management and mental health services to disaster survivors and workers.
  • Provide small businesses with expedited loans and grants. Small businesses are critical in a community’s recovery process. The current $2 million cap on loans for recovery is not enough and provision of loans is often too slow. In order to rapidly and effectively stimulate recovery, donors can provide recovery grants and microloans to offset immediate costs for small businesses.
  • Advocate for Stafford Act reform. In the years to come, the U.S. will certainly confront the devastation of additional natural disasters and may well have to respond to man-made catastrophes like the 9/11 attacks. The donor community can play a vital role in disaster response not only by filling funding gaps, but also by advocating for Stafford Act reform which will put in place the remedies and safeguards required to confront the disasters of the future.
 

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How Viral Pandemic Benefits The Globalist Agenda

Authored by Brandon Smith via Alt-Market.com,

The world today suffers from highly fragile economic and geopolitical conditions. This is not news to most people in the liberty movement that have been tracking the downward spiral for years, but it is news to a majority of average Americans who rarely venture to get in-depth information on any issue. The fact of the matter is, even though there are millions of us who are aware of the danger, we are still in a minority.

This creates a serious set of frustrations. When the common citizen is oblivious to the existence of a threat, trying to explain to them the source of that threat becomes a waste of time. How can they see the root of the problem if they don't even know the problem is there?

Yes, the world is on the verge of a violent sea-change, but this is not the most important issue. The most important issue is that this precarious situation is not the product of random chance, simple greed, base human frailty or an "overly complex" system as mainstream experts will predictably claim; it is a deliberately engineered chaos box designed to serve the interests of a select few.

The globalist agenda is complicated in design but simple in its goals: Order out of chaos. Create or exploit every crisis to manipulate the public into consenting. But consent for what?

As Richard N. Gardner, former deputy assistant Secretary of State for International Organizations under Kennedy and Johnson, and a member of the Trilateral Commission, wrote in the April, 1974 issue of the Council on Foreign Relation’s (CFR) journal Foreign Affairs (pg. 558) in an article titled 'The Hard Road To World Order':

"In short, the ‘house of world order’ will have to be built from the bottom up rather than from the top down. It will look like a great ‘booming, buzzing confusion,’ to use William James’ famous description of reality, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.”
Global pandemic, whether a natural event or deliberately engineered, actually serves the purposes of the globalist establishment in a number of ways. First and foremost, it is a superb distraction. The general public, overcome with fears of an invisible force of nature that can possibly kill them at any moment, will probably forget all about the much bigger threat to their life, liberty and future – the subsequent collapse of the massive 'Everything Bubble' and the globalist "solution" that a pandemic can trigger.

The coronavirus is only a moderate threat in comparison to economic crisis. That said, I want to confront a few issues concerning the virus itself before we get to the economic question.

Virus Disinformation
I have seen a lot of delusional assumptions and outright disinformation being spread by people in regards to this potential pandemic. First, the notion that it was caused by Chinese citizens “eating bats” or being exposed to a live animal market is rather ridiculous. We've seen NO hard evidence whatsoever that this is true, and I believe the narrative is a cover for the fact that the city of Wuhan where the virus outbreak began is the home of not one but TWO level 4 biohazard labs.

I have a hard time ignoring the strange “coincidence” of the high level biohazard labs in Wuhan in favor of the idea that the virus was launched by chance due to the odd diets of central Chinese people. Given the evidence it appears that the coronavirus was gestated in a lab, not in someone's bat and snake soup. In 2017, scientists outside of China warned that these labs were not secure and that a virus might escape one of the facilities.

I would use the term “escape” loosely, as there is a possibility that this event was created intentionally. The virus itself has certain hallmarks of being engineered (including its long dormant period without visible symptoms) and the current strain is probably derived from the one the Chinese stole a year ago from a lab in Winnipeg, Canada.

But it gets even weirder.

Only three months ago, John Hopkins, the Bill and Melinda Gates Foundation and the World Economic Forum (a hive of self-professed globalists) ran a "pandemic simulation" called "Event 201" specifically focused on Coronavirus. Not Ebola, or Swine Flu or even Avian Flu - but CORONAVIRUS. The simulation features the spread of coronavirus in South America, blamed on animal to human transmission (pigs). The conclusion of the exercise was that national governments were nowhere near ready, scoring 40 out of 100 on their preparedness scale. The simulation projected over 65 million deaths worldwide.

Event 201 played out almost exactly as it has been in China today. Some very disingenuous or perhaps rather stupid people have been arguing that this kind of thing is "normal", claiming that we are "lucky" that the elites have been running simulations in advance in order to "save us" from a coronavirus outbreak. I assert that Event 201 was not a simulation but a war-game to study the possible outcomes of an event the globalists already knew was coming. Set aside the fact that before almost every major crisis event and terrorist attack for the past few decades authorities were running simulations for that exact event right before it happened; does anyone really believe that Event 201 is pure coincidence?


Another false assumption that needs to be addressed is the idea that a viral threat will not strike the West, or at least, not the US. This odd bias is one that I don't think most cultures except Americans suffer from; the belief that they are untouchable and that the system will always avert crisis. From the responses I have been seeing lately many Americans are living in a fantasy world. Even now, the investment world is placing full stock and hope in the prediction that the Federal Reserve will step in to disrupt any economic downturn related to the pandemic.

Even if the Fed intended to intervene, why would anyone be naive enough to believe the central bank can do anything about how a viral outbreak damages the economy? Central banks can do nothing but create debt, and debt will not beat back the coronavirus.

In terms of delusional optimism on the pandemic itself, the arguments range from “screening of travelers is too comprehensive to allow the virus to spread here” and “as long as the virus destroys China, who cares...?” This is a narrow view of the situation.

The screening process is terrible, and usually involves basic questions which can be evaded with lies. But beyond that, the virus is already here. It was circulating through China for at least a few weeks before it was ever addressed by government authorities or the CDC. It also is reported to be asymptomatic, which means it remains dormant, yet also contagious, for up to two weeks before symptoms become visible. This is a far worse scenario than the ebola scare in 2014, in that the coronavirus is able to hide effectively. The only thing that can be done to slow the spread is to shut down ALL international travel, which the CDC and the WHO have no intention of doing right now, not that it matters anymore with over 110 suspected cases in the US already.

So, let's be realistic. If the virus is as communicable as the CDC and independent scientists claim, then we will see the effects here in America.

Never Let A Good Crisis Go To Waste...
But what do globalists have to gain directly from a coronavirus pandemic beyond simple chaos that can be exploited?

Interestingly, a representative from Johnson and Johnson, one of the companies that may end up designing a "vaccine" for the Cronavirus, suggested during Event 201 that a "centralized" global economic authority in charge of funding and procuring vaccines for various nations in crisis was an option for solving the pandemic.

Gee, that sounds strangely similar to what globalists have been demanding for many years now, and the pandemic just happens to offer a perfect excuse for the creation of such a one-world financial authority. They might claim that such a system would be temporary according to the life of the pandemic, but this will be a lie.

In terms of the economic effects, even if the virus were to stay primarily in China, the Chinese economy is, in basic terms, the largest in the world; it is the biggest exporter/importer and it is central to the now interdependent global economy. If China's economy goes down, even for a short time, this will send shockwaves through all other national economies and supply lines.

In May of last year I published an article titled 'Globalists Only Need One More Major Event To Finish Sabotaging The Economy'. To summarize the situation:

The globalist establishment has created the largest financial bubble in modern history through central bank stimulus, inflating a highly unstable artificial rally in markets while also creating new highs in national debt, corporate debt and consumer debt. The economic fundamentals have been sending alarms for the past two years, and the 'Everything Bubble' is showing signs of implosion. It is only a matter of time before the farce collapses by itself. The globalists need scapegoats, but they also need an event or wave of events so distracting that people will not be able to discern what really happened.

The reason why globalists want a collapse is simple - They need crisis in order to manipulate the masses into accepting total centralization, a global monetary system and global governance. They are also rabid believers in eugenics and population reduction. At the very least, a global pandemic is a useful happenstance for them; but the timing of the coronavirus event and their highly accurate "simulation" only three months ago also suggests their potential involvement, as it comes right as the implosion of the Everything Bubble was accelerating.

Consider this: Even if a pandemic does not kill a large number of people, it still disrupts international travel, it disrupts exports and imports, it disrupts consumer behavior and retail sales, and it disrupts domestic trade. If it does kill a large number of people, and if the Chinese government's response is any indication, it could result in global martial law. With many economies including the US economy already in a precarious balancing act of historic debt vs. crashing demand and useless central bank repo market intervention, there is little chance that the system can withstand such a tsunami.

Make no mistake, the crash has already begun, whether the virus hits the US hard or not. The only question is, will this be the trigger event that accelerates the collapse process that is already in motion?

I took my time in publishing this article because I believed it was important to first watch the Chinese, CDC and WHO response to the virus. If they dealt with the situation quickly then there was a chance that it would have only minor influence on the financial system. They did not deal with the situation quickly or decisively. In fact, over 5 million people left the Hubei region of China before active quarantine and treatment procedures began. The situation has spiraled out of control in China and it is clear that the government is now lying through its teeth about the number of sick and dead.

I would not be surprised if we discover in the next two weeks that the death tally is in the thousands, and the sickness rate is actually in the hundreds of thousands. The fact that China has now quarantined over 50 million people in 16 cities suggests the danger is much higher than they have admitted. If this is the case, then at the very least, the Chinese economy is about to take a massive hit. If the virus doesn't spread, the economic damage will.

Pandemic Smokescreen, Economic Collapse And "Climate Change"
Look at it this way – The US and China are still currently in the middle of a trade war. The Phase 1 deal was always a joke, because it demands that China quadruple its purchases from the US within the next 1-2 years. This was never going to happen, but the false hope (along with corporate stock buybacks) lifted global stocks out of reversal. Now, there is no chance that China will meet the requirements of the Phase 1 deal and that will soon become evident, as China's economy will grind down under the weight of the pandemic.

If Trump continues tariffs against a nation in the state of a viral emergency he will look like a monster (which I believe is his job as a globalist puppet pretending to be a conservative nationalist). In the meantime, global trade becomes muddled and the last structural supports of the system snap in half.

With global supply lines frozen and travel eventually restricted, trade will stall. There is no way around this. This is not just about China, it is about all nations. And, ultimately, this is not even about the coronavirus, it is about the financial time bomb that the globalist establishment created. It is about our economic interdependency and the house of cards we have become. In the wake of calamity, the globalists will call for even MORE interdependency. They will claim tragedy struck because we were not "centralized enough".

Another advantage of the viral crisis is that the establishment will undoubtedly blame the "climate change" and "global warming" hoax for its impetus. Even though there is absolutely no concrete evidence linking human carbon emissions to climate change or viral outbreaks, given enough public fear globalists will attempt to link the three things together as if it is a proven fact. Not only will they have a rationale for an economic collapse THEY created, but they can also present a virus engineered by humans in a lab as an "act of nature", and use it as a rationale for implementing carbon controls.

In the next issue of my Wild Bunch Dispatch Newsletter I will be outlining solutions and preparedness options for surviving a pandemic scenario; all is not lost if this event does accelerate as the globalists predicted in their Event 201 model. It is still hard to say with certainty, but this appears to be the “black swan” that the globalists were waiting for (or planning) all along. Remaining vigilant in terms of the pandemic is recommended, but do not forget about the economic disaster that will inevitably follow as the coronavirus continues to spread.
* * *
If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch. Learn more about it HERE.
 

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While any bad situation can be leveraged to an advantage by certain parties, and have been in the past, I have a hard time believing that this was a premeditated event.

Then again, as time goes by I am less and less inclined to believe the evil some people are prepared to perpetuate upon others.
 

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Was the Coronavirus Created as Cover for the Imminent Economic Collapse?
By Gary D. Barnett
March 12, 2020

A USA Today headline this morning indicated that the Dow was diving as virus concerns counter hope for fiscal steps.

U.S. stocks teetered on the edge of a bear market Wednesday as worries persisted over economies reeling from the coronavirus outbreak.”

“Concerns have grown that a prolonged outbreak may bring on a recession.”

“Goldman Sachs forecast that the longest ever bull market “will soon end” after 11 years.”

“Both the real economy and the financial economy are exhibiting acute signs of stress, analysts at Goldman Sachs said”.

Panic has certainly settled in, and that was no accident. One thing for sure in my mind is that this crisis was created, and not accidental. Regardless of the severity of this so-called virus, in the end, as has happened on multiple occasions before with MERS, SARS, West Nile, swine Flu and others, it is likely that all the wild predictions will once again prove to be overstated or downright false. But the serious economic fallout will remain. The propaganda is being pushed at every level possible, from governments worldwide, to government “health” organizations, to all mainstream media, and from all those that stand to gain from this, including the pharmaceutical companies.

Many have been talking about the markets and economic risks apparent in this country and around the world for a long time. I began sounding alarms before 2008, and since that time have attempted to make aware the fact that from an economic standpoint, the markets and the economy have become much worse, and more suspect ever since. After all the manipulation, the Quantitative Easing (QE), and the continued debt growth, it seemed apparent that a massive economic failure was likely in the future. Is that damning future about to come to fruition? Do the controlling powers that have created this likely economic disaster understand this, and seek to place blame on this new coronavirus outbreak as the cause of all financial ills to come? Was this new coronavirus (COVID-19) purposely created and released so that central bankers, investment bankers, corporate heads, and government puppets could use it as cover for an imminent economic collapse that has become impossible to contain? This in my opinion is a distinct possibility. Political convenience at this level is rarely accidental.

With any financial collapse in the wake of a pandemic, real or not, control over world populations is much easier to implement. Once martial law or medical martial law is in place due to panic, all of society is crippled in the sense that individual liberty and power is lost, economic freedom is restricted, and societal controls such as quarantine become reality. All monetary policy rules will be non-existent, as scrutiny for these tyrannical measures will be lacking during times of extreme strife. In other words, total control of entire populations becomes possible, and without some sort of mass uprising, there is little that any individual can do in situations like these. As James Corbett so rightly said, this panic will cause the cures to be much worse than the disease. But was that the plan all along?

This virus has become a Trojan horse for total population control, but what is the primary objective of those creating this panic? What end game is sought and why? What other factors are guiding these policies, and who stands to benefit? Was this so-called pandemic meant to be a false flag event in order to cover-up a much larger problem? Answers to these questions are not perfectly clear at this point, but given the severity of the panic and mind control of the public, these questions should be asked.

One thing that is certain in my mind is that this virus is purposely being blown out of proportion. Because of this, extreme population control measures have been put into place around the world There is a reason for this maniacal hysteria, and if it has been manufactured as an agenda, as I believe to be the case, that agenda would have to be sinister. It would also indicate that something very dangerous is lurking just behind the curtain, and exposure is not desired. This should not be ignored.

As I write this, world markets are in turmoil, economies are struggling, travel and movement are being more and more restricted, quarantine is rampant, and has reached the U.S. Globalists are gaining strength, and with all this, the stupidity of humans is now exposed for all to see.

Anyone succumbing to the headlines, and especially the predictions, is likely to go insane. There are projections that up to 70% or more will get this dreaded virus, and many millions will die. Quarantine is becoming universal, and getting worse by the moment, and this virus as it is called, will spread wildly around the world with no possibility that any can escape the risk. As of today even with this much hype, there has been outside of China, only 1,417 deaths reported worldwide due to COVID-19. All this while according to U.S. News, the CDC reported as of February 21, that 26 million Americans have fallen ill with flu-like sickness just this flu season so far, 250,000 have been hospitalized, and at least 14,000 have died. Given this comparison, is it not obvious that government deception is more than evident?

Fear is dictating the behavior of the masses, and this looks to be a planned outcome. Entire populations are allowing themselves to be manipulated. People are accepting quarantine, medical martial law, and all other forms of medical dictates. Many are being harmed by the horrible economic ramifications of this madness, and families are being torn apart.

It is time to fight back, and to find the real cause of this manufactured panic. This panic is desired by those at the top, so what is the real agenda here? Why is this happening, and what is being hidden from view? I believe there is a connection between this faltering economy and this most likely false pandemic. That connection seems clear, and the timing is very suspicious. There is massive deceit and lies are ever present, but the worst is yet to come. As the Federal Reserve pumps $175 billion more today into the banking system, can any not connect the dots? Is the end of our financial system now in sight?

Today the WHO just declared the coronavirus a global pandemic, and all hell is about to break loose. In this environment, natural freedom will become a faded memory.
 
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Goldhedge

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While any bad situation can be leveraged to an advantage by certain parties, and have been in the past, I have a hard time believing that this was a premeditated event.

Then again, as time goes by I am less and less inclined to believe the evil some people are prepared to perpetuate upon others.
LOL

When you want to make money and all you need is the WHO to declare a 'pandemic'...

Pandemic Bonds

Amiyatosh Purnanandam

Senior Contributor
CFO Network
I am a professor of finance at Michigan Ross.

In 2019, pundits talked about a host of risk factors that could potentially bring the markets down in 2020: political uncertainty, trade wars, and a slowdown in consumer demand. Who would have thought that a pandemic would bring down the S&P 500 by over 10% in less than a week this year? Coronavirus is a classic case of a "black swan" event: an unexpected risk with potentially catastrophic consequences. Yet, our corporations do not have financial contracts to hedge against the devastating effects of these risks. It's time we fix that. A Pandemic Bond that pays off in the event of such outbreaks can go a long way in mitigating the economic impact of such black swan events.

Financial markets serve several useful functions; risk-sharing is one of them. Allowing corporations to shed unnecessary risks at a fair price is a prime example of how finance improves welfare. Businesses, at a very fundamental level, face two types of risk: risks in which they have a competitive advantage and risks in which they don't. A car company, for example, bears the risk of demand and supply shocks in the automobile sector. Bearing this risk is its raison d'etre: it must take these risks to create positive value for its stakeholders. However, the company ends up exposing itself to many other risks in the process, risks in which it has no competitive advantage: foreign currency risks, interest rate risks, commodity price risk and rare events such as the outbreak of Coronavirus or a terrorist attack. Since these risks do not create value for the company but expose it to unnecessary losses in some states of the world, hedging them with financial contracts can be beneficial. Indeed, CFOs often hedge their exposure to foreign currency and commodity prices using futures and options contracts. Still, there are no contracts available to hedge against risks of black swan events such as Coronavirus? Why? What do we need to do to create a vibrant markets for hedging such risks?

To hedge a financial risk, say exposure to steel prices for a car company, we need counterparties. Often there are natural counterparties: a car company buys steel, and a steel producer sells steel. In such cases, financial markets can relatively easily create a market for steel futures with two "natural" counterparties on two sides of the trade. In some cases, a natural counterparty may not be available, but a financial institution may come in to hedge the risk faced by corporations at a fair price. For example, financial institutions often take the opposite side of the bet in the weather derivatives market to allow companies to hedge their exposure to very mild or harsh winter or summer. Unlike the case with natural counterparties, in such cases, financial institutions take the opposite sides of the trade not because of any offsetting exposure to weather, but because of diversification benefits and financial returns provided by these instruments.

Today In: CFO Network
What is it about black swan events like Coronavirus that a hedging market does not exist? First, there are no natural counterparties who benefit from such circumstances. Unlike commodity or foreign currency risks, it is hard, if not impossible, to find someone who benefits from Pandemics and thus is willing to take the other side of the bet. Further, unlike instruments such as the weather derivatives, financial investors are reluctant to take the opposite side of Pandemic risks because, by doing so, they will need to pay out in a state of the world where the entire economy is suffering. Besides, it is hard to price such a contract ex-ante. Pricing of hedging contracts need three vital inputs: the probability of that the event will occur, the amount of money that needs to be paid out by the counterparty in that event, and the "state of the world" in which this payout happens. The third input reflects the fact that a dollar of payout in bad times is more valuable to the receiving party than the same dollar received in good times. All three inputs are difficult to estimate for Pandemic hedging contracts: Who can estimate the probability of Pandemic with any degree of confidence? Who can determine a method for payout, i.e., an assessment of loss should the event occur? And how can one pin down the state of the world in which it will happen? All these difficulties in pricing the contract and the lack of a natural counterparty make it difficult for private markets to come up with a Pandemic insurance contract.

So what can be done to develop this market despite these limitations? When markets fail, economists look up to the intervention by the government or quasi-government bodies. The World Bank has already been thinking about this issue after the Ebola outbreak. They issued a Pandemic Bond worth $320 million in 2017 to financial investors with a hefty return. The idea behind the issuance was to raise money in the event of a pandemic to help developing nations fight the disease. The instrument worked very much like an insurance contract. Bond investors receive interests on their investments as long as there is no pandemic, but they need to pay out when a Pandemic occurs. These instruments have, unfortunately, come under a lot of criticism because of the way the trigger for payout works.

In any event, private corporations do not have access to such instruments issued by the World Bank. We must, therefore, think about private market solutions to hedging this risk. An essential requirement for the development of private market contracts is the establishment of a "reference point," i.e., an index that tracks Pandemics. Lack of a reliable reference point or trigger is one of the biggest impediments to the development of "futures contracts" to hedge this risk. Undoubtedly, the WHO's first task is to fight the crisis with medical and public health solutions. But in the long run, they should also think about a reliable, manipulation-proof index of Pandemic events based on well-established criteria. Financial contracts will follow. Just like financial investors who provide hedging contracts against significant market downturns, it is likely that investors will be willing to hedge the Pandemic risk if such a reference point exists. One can learn from the establishment of reference points by the National Weather Services (NWS) for the development of the weather derivatives contract that I study in one my academic papers.

A good starting point can be developing marketable indices, and then hedging instruments, for relatively predictable events such as the seasonal flu. Developing a market in such a product, either with or without the help of governments or developmental financial institutions, can be extremely valuable. Market participants will be able to learn from this market: how to set up an index that can be traded upon, who are the buyers, and how is the contract getting priced? Another alternative is to think about a "co-operative" approach to handle this risk. For example, corporations can pool their cash balance into a special purpose vehicle (SPV) that gets invested in safe securities such as treasury bonds. The payout from this SPV can then depend on the Pandemic index developed by organizations such as WHO.

There are several other ways of thinking about designing these contracts. The critical point is that private markets should think hard about developing a deep, liquid market in insuring Pandemic risks, and they need active collaboration with agencies such as WHO and NIH to be able to do so. A critical first step is the development of a reference point for Pandemics that can allow counterparties to write explicit contracts for payouts. There is a lot of promise in a public-private partnership to fight these crises.

https://www.forbes.com/sites/amiyatoshpurnanandam/2020/02/28/pandemic-bonds/#4ae092ba3b7e
 

arminius

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^ @3:17 "That was Jim Acosta, a poisoness moron."

:dduck::dduck::dduck:


:thumbs up 2:
 

Goldhedge

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CNN ~ grain of salt....


Many Russians Think America Created the Wuhan Coronavirus, and the Reasons May Shock You
Several Russian scientists believe America created the Wuhan coronavirus to sabotage China while making boatloads of money off a cure.


William Ebbs @ebbs_william


Many Russians, including scientists and politicians, believe the United States may have weaponized coronavirus against China. | Image: REUTERS / Stringer
Advertisement
  • Russian scientists and political leaders are claiming that the United States created the Wuhan coronavirus.
  • They believe the disease is a bioweapon designed to destabilize China while generating huge profits for American pharmaceutical companies.
  • Russia has closed its land border with China in response to the Wuhan coronavirus threat.
As debates over the origin of the Wuhan coronavirus rage on, new voices join the discussion.
Russian media sources suggest the novel disease, provisionally known as 2019-nCoV, could be an American made bio-weapon designed to sabotage China.
The claims have had significant airtime on mainstream Russian media and could be part of Vladimir Putin’s efforts to discredit U.S interests in the region.
Russia and China have close ties. | Source: Kenzaburo Fukuhara / Pool Photo via AP
This comes at a time when the rapidly expanding outbreak has grown to infect more than 8,000 people with 170 fatalities. Russia has closed its border with China in response to the threats.
 

Goldhedge

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FWIW


The Sober Math Everyone Must Understand about the Pandemic

Jason S Warner

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Mar 16 · 19 min read

I wrote this post on Facebook on Thursday Night, March 12th 2020. Since I wrote it, the post been shared 120k times and I’ve been asked to repost it here so people can share on Twitter and other platforms. Please distribute freely.

It’s reposted in its entirety here, with no edits.

The Long Facebook Post:

This is a long post addressing two underlying issues with the current response to the pandemic that leave me concerned. It’s the longest post I’ve ever written.

For those of you not taking action, or believing the pandemic to be “over hyped”, you can make fun of me as much as you want now or when this is over. You can make me the subject of memes and post it everywhere. I will pose for the picture. I am not trying to convince you, but I do feel compelled to share information that I deem critical to all of us, which is why I am posting this at all.

WHY YOU SHOULD TAKE 5 MINUTES TO READ AND CONSIDER THE INFORMATION I AM SHARING:
As of 3/15/20 at 9 am PST this post has been shared over 50k times since it was posted 2 days ago. So a lot of people find value in the post and although it’s a long read, I believe you will find this information valuable too.

For those of you who don’t know me well, I am analytical and metered. I don’t freak out nor do I respond emotionally. I also don’t post a bunch of bullshit or political or controversial stuff on Facebook. I founded and am CEO of a successful software company that provides SaaS based data, analytics, and dashboards to recruiting departments at companies we all know. As you would expect, I am data driven and fact based. Before founding my company I held executive roles leading very large recruiting teams at some of the world’s fastest growing companies such as Starbucks and Google. At Google I was fortunate enough to report to Sheryl Sandberg before she took the Facebook COO role. I was a Chemical Engineering major in college and have a business degree from a top undergraduate business school. I am not one for hyperbole or histrionics. My bullshit factor is close to zero.

I share all this personal information only to help solidify that this post may be worth reading and sharing with others. I would encourage you to forward or share this post at your discretion. Many people do not understand what is happening with the pandemic to the degree required which is why I took the time to write this and share this on Facebook.

Now that I’ve gotten the introduction out of the way, here are two issues I want to bring to everyone’s attention.

ISSUE ONE: SOCIAL NORMS ARE POWERFUL MOTIVATORS AND GETTING IN THE WAY OF PEOPLE TAKING THE RIGHT STEPS IN RESPONSE TO THE PANDEMIC:
One of the current problems with addressing the pandemic is the social pressures of taking action today. It’s awkward, and feels like an over-reaction. The reason it feels like an overreaction is that most people OVERWEIGHT the currently reported cases and inherently UNDERWEIGHT the mathematics of how the virus is spreading and what will happen in about 30 days time. This is because our brains tend to think linearly as opposed to logarithmically. It’s the same reason many people don’t save for retirement or understand compound interest.

To create a new social norm, human beings like to see behavior modeled. This serves as a signal that says, “oh, someone else is doing it so I should do it also.”

SO HERE IS A SOCIAL BENCHMARK FOR REFERENCE — THIS IS WHAT I’VE DONE FOR MY FAMILY TO DATE:
I have already isolated my family. We have canceled EVERYTHING. We have canceled previously scheduled doctor visits. Social get togethers. No play dates. Normal routine meetings. Everything has been canceled. It’s difficult and socially awkward. Some of you think I’m crazy, but I’m doing it not because I am afraid, but because I am good at math (more on that in part 2). I had to have my 16 year old daughter quit her job coaching junior gymnasts at the local gym, with one day’s notice and also tell my kids they can’t attend youth group at church. Both of those were tough discussions. I told a very close friend he shouldn’t stay at my house this weekend even though he was planning to and had booked his flight from the Bay Area. I canceled another dear friend’s visit for later this month to go snowboarding on Mt Bachelor.

We are not eating out. Our kids are already doing online school so we don’t have to make changes there. I would not send my kids to school even if they were in public or private school. We have eliminated all non-essential contact with other people. We will only venture out to grocery shop when required. We will still go outside to parks, go mountain biking, hiking, and recreate to keep ourselves sane and do other things as a family, just not with other people. We have stocked up on food and have a supply for ~2 months. We have stocked up on other goods that if depleted would create hardship, like medicines and feminine hygiene products. We have planned for shortages of essential items.

THE REASON I HAVE CHOSEN THIS ROUTE FOR MY FAMILY IS MULTI FACETED:
1. Although my family is considered low risk (I’m 49 in good health, Angi is 46 and in good health, and our kids are 14 and 16), we must assume that the healthcare system cannot help us, because the hospitals will become overwhelmed very quickly. Most American hospitals will become overwhelmed in approximately 30 days unless something changes. More on this in part 2 below. So although we are in great health and unlikely to become gravely ill, the risk is greater if you do not have access to the medical care that you need. This is something for everyone to consider. As a society we are accustomed to having access to the best medical care available. Our medical system will be overwhelmed unless we practice social distancing at scale. That said, the medical teams in Italy are seeing an alarming number of cases from people in their 40s and 50s. Triage tents are already going up in the parking lots at many hospitals close to the epicenters in the United States.

2. It’s not a matter of if social distancing will take place, it’s a matter of when. This is because social distancing is the only way to stop the virus today.

As I will explain in part 2 below, starting now is FAR more effective than starting even 2 days from now or tomorrow. This has been proven by Italy and China (and soon to be France and other European countries who have been slow to respond.) [updated as of 3/14 France is now on lockdown mandated by the government]. Wuhan went on lockdown after roughly 400 cases were identified (and they had access to testing that America has systematically failed to do well to date). The US already has more than 4 times this number of known infected cases as Wuhan did when it was shut down, and our citizens are far more mobile and therefore spreading the virus more broadly when compared to Wuhan. Yet our response is tepid at best.

If hand washing and “being smart” were sufficient Italy would not be in crisis. So I pray the draconian measures are coming from our government, because they are required to stop the spread of the virus. It’s better to start sooner than later as the cost is actually far greater if we wait. I pray they close all schools and non-essential services the way that Italy and China have done.

3. Spreading the virus puts those in the high-risk category at much greater risk. This is the moral argument. It’s a strong argument because there are only two ways, as of today, that the virus can be stopped: let it run its course and infect 100s of millions of people, or social distancing. There is no other way today. If you don’t practice social distancing, people downstream from you that you transmit the virus to will die, and many will suffer.

4. The risk of infection is increasing exponentially, because the quantity of infected people, most who will not show symptoms, is doubling every three days. So the longer you wait to self-isolate, the greater the chance of you or someone you love becoming infected and then you infecting others because more of the population is becoming infected. There are twice as many infected people today as there was on Tuesday.

5. The virus is already in your town. It’s everywhere. Cases are typically only discovered when someone gets sick enough to seek medical attention. This is important as it typically takes ~5 days to START showing ANY symptoms. Here’s the math: For every known case there are approximately 50 unknown cases. This is because if I become sick, I infect several people today, and they infect a few people each tomorrow (as do I), and the total count of infected people doubles every 3 days until I get so sick I get hospitalized or get tested and become a “known case”. But in the time it takes me to figure out I am sick 50 others downline from me now have the virus. So every third day the infection rate doubles until I get so sick that I realize I have the virus an am hospitalized or otherwise tested. Harvard and Massachusetts General Hospital estimate that there are 50x more infections than known infections as reported (citation below). The implication of this is that the virus is already “everywhere” and spreading regardless if your city has zero, few or many reported cases. So instead of the 1573 reported known cases today there are likely 78,650 cases, at least, in the United States. Which will double to 157,300 by this Sunday. And this will double to 314,600 cases by this coming Wednesday. So in less than 1 week the number of total infected in the United States will quadruple. This is the nature of exponential math. It’s actually unfortunate that we are publishing the figures for known cases as it diverts attention away from more important numbers (like the range of estimated actual cases). [Update as of 3/15/20 — I’ve been sent more research that may add clarity to the ACTUAL cases vs CONFIRMED cases and will update this post with any conclusions]

6. Some people cannot, or will not, practice social distancing for a variety of reasons and will continue to spread the virus to many people. So everyone else must start today.

The reasons above are why I have begun to practice social distancing. It’s not easy. But you should do it too.

The hospitals will be at capacity and there are not enough ventilators. You will hear a lot about this issue in the coming few weeks… the shortage of ventilators.

ISSUE TWO: MANY PEOPLE ARE FOCUSED ON THE WRONG NUMBERS:
Yes, the virus only kills a small percentage of those afflicted. Yes, the flu kills 10s of thousands of people annually. Yes, 80% of people will experience lightweight symptoms with COVID19. Yes the mortality rate of COVID19 is relatively low (1–2%). All of this true, but is immaterial. They are the wrong numbers to focus on…

The nature of exponential math is that the infection rates start slowly, and then goes off like a bomb and overwhelms the hospitals. You will understand this math clearly in the next section if you do the short math exercise. Evergreen hospital in Seattle is already in triage. I have heard credible reports from people on the ground that they are already becoming overwhelmed. And the bomb won’t really go off for a few more days. Probably by Wednesday, March 18th (next week). In just a few days from now we will hear grave reports from Seattle hospitals. [update as of 3/15/20 — see the comments section below for an update from a staff member at Evergreen Hospital in Kirkland, WA]

You should assume the virus is everywhere at this point, even if you have no confirmed cases in your area.

YOU SHOULD DO THIS SIMPLE 2 MINUTE MATH EXERCISE (NO REALLY TAKE TWO MINUTES AND DO IT):
To further understand exponential growth, take the number of confirmed cases in your area and multiply by 10 (or 50 if you believe Harvard and Massachusetts General estimations) to account for the cases that are not yet confirmed. If you have no confirmed cases choose a small number. I’d suggest 10 cases in your city, if no cases are yet reported. But you can use whatever number you like. This number of infected people doubles every ~3 days as the infection spreads. So literally take your number, and multiply by 2. Then do it again. Then do it again. Then do it again. Do this multiplication exercise 10 times in total.

2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x (the number of estimated infections in your city today (not just the reported cases)).

This result is the estimate for the actual cases in your area 30 days from now. The math will take 30 seconds to complete with a calculator and it’s worth doing the math to see how it grows. This end number is the number of cases in your city 30 days from today if a large percentage of the population do not practice social distancing.

2 to the 10th power is 1024. When something doubles 10 times, it’s the same as multiplying by 1024. The infection rate of the virus doubles every 3 days. In thirty days there will be 1,024 times the number of infected people in your area as there is today if your community does not immediately put social distancing into practice. One thousand and twenty four times as many infected people as there is today, in just 30 days.

Next, divide the final number (the scary big one) you just calculated by the current population of your city and you will be able to get the percentage of people THAT YOU KNOW PERSONALLY who will be infected 30 days from now.
THIS PART IS IMPORTANT:
Next take 15% (multiply by 0.15) of that final 30 day number of total infected people (the number you calculated by multiplying by 2 ten times). This will provide an estimate of the serious cases which will require hospitalization, and compare it to the number of beds and ventilators available at your local hospital. Google the “number of beds” and the name of your local hospital now. It takes 2 seconds and the number of beds is easy to find. 65% of beds are already occupied by patients unrelated to the coronavirus. St Charles in Bend, Oregon where I live, has 226 beds and the town is roughly 100,000 people. Most hospitals have on average, 40 or fewer ventilators. 5% of patients require ICU treatment. There are very few ICU beds compared to regular beds in hospitals. There are very few negative pressure areas in any hospital to deal with the containment of airborne diseases.

These numbers you just calculated are the Big Problem: Too many patients, not enough beds, and a serious shortage of ventilators (the biggest problem) if we don’t immediately begin social distancing. More on this biggest problem related to the insufficient quantity of ventilators is below.

COUNTRIES AND CITIES THAT GET OVERWHELMED WILL HAVE A MUCH GREATER MORTALITY RATE BECAUSE THEY WON’T BE ABLE TO ADEQUATELY PROVIDE MEDICAL CARE.

And by medical care I mean not just coronavirus patients. Your son or daughter that needs acute care surgery this May for his badly broken leg will be attended to by an orthopedic doctor that has been working at maximum capacity and working 18 hour shifts for 7 days every week for 6 weeks because it was required to care for all the coronavirus patients at her hospital. Or the orthopedic surgeon will be sick with the virus and your son or daughter will be operated on in a tent in the hospital parking lot by a non-expert or a member of the National Guard. Your elderly Mom that has diabetes and goes into acute distress next month may not receive ANY medical care because the doctors are consumed and have to prioritize patients based on triage guidelines based on success rate probabilities. Your sibling’s family that are all injured in a terrible car crash in June will have diminished care. If one of them needs a ventilator there will be none available because all of them will be in use by critical coronavirus patients. Your young friend with cancer and a compromised immune system from treatment will succumb even though the cancer was curable and the treatment was working, because their body was too fragile to combat the coronavirus due to the chemotherapy and they couldn’t receive the customized, acute care required due to the hospital being overwhelmed. All of the above is currently happening in Italy, who had the same number of infections we have today just 2 weeks ago. You must start social distancing today.

The count of actual virus infections doubles every ~3 days. The news and government agencies are lagging in their response. So we hear that the US only has 1573 cases today (3/12/20) [update as of 3/15/20: 3115 confirmed cases), ( see https://www.worldometers.info/coronavirus/) and it doesn’t seem like a lot. It would be better to report the estimated actual cases, since reported cases don’t tell us much. However, we know from China that the actual number of cases are at least an order of magnitude greater than the reported cases, because people get infected and do not display symptoms. In math, an “order of magnitude” means ten times difference, or put another way, a factor of 10. 100 is 10 times greater than 10, so it’s an order of magnitude greater.

Harvard Medical School / Massachusetts General Hospital just released their estimate (recording is here:

https://externalmediasite.partners.org/…/53a4003de5ab4b4da5…) that the actual cases are 50x greater than the reported cases. So we likely have 75,000 cases in the United States already. The number of reported cases is not that important.

But let’s assume the current number of cases is only 10,000 ACTUAL cases in the United States just to be conservative and model out what will happen:

If we don’t stop the virus from spreading, in 30 days we will have 2 to the 10th power more cases of infected people because the infection count doubles every 3 days (the virus doubles every 3 days and there are 10, 3 day periods in 30 days).

This math is familiar if you did the exercise above. If not, go up and do the math exercise. The math: 2 to the 10th power means 1,024 times as many cases as we have today (2 times 2 repeated 10 times).

This number is a catastrophically big problem for all of us: We will have 10 million+ actual cases (10,000 actual cases today x 1,024) in the United States in just 30 days’ time if we continue without extreme social distancing. 10 million people with the virus. And it will keep doubling every 3 days unless we practice social distancing.

15% of cases require significant medical attention, which means that 1.5 million people will require significant medical attention if 10 million people get infected (15% of 10 Million total infections = 1.5 million people requiring hospitalization).

1.5 million hospitalizations is way more than we have beds for at hospitals in the United States. And 65% of all beds are already occupied in our hospitals. But many patients (5%) with the virus need ICU beds, not just any old hospital bed. Only about 10% of hospital beds are considered intensive care beds. So we will have a huge bed shortage, but that is not the biggest problem, as we can erect temporary ICU shelters and bring in more temporary beds, as Italy has already done, and California and Washington hospitals have already done. Evergreen Hospital in Seattle has already erected temporary triage tents in the parking lot as of 3/13/20. All regular beds are full at Evergreen Hospital as of yesterday.

Once the government of China, Norway, and Italy came to understand this math, they reacted accordingly and shut EVERYTHING down. [update as of 3/15/20 now France has done the same lockdown]. Extreme social distancing is the only response available to stop the virus today. The United States is not responding well nor are other countries like the UK. Countries that do not respond well will pay a much larger, catastrophic price.

But hospital beds are not the big problem. The lack of ventilators is the big problem. Most estimates peg the ventilators in the United States at roughly 100,000 to 150,000 units. See the study from last month: http://www.centerforhealthsecurity.org/…/200214-VentilatorA…

The primary and most serious comorbid (comorbid is a medical term that means co-existing or happening at the same time) condition brought on by the Coronavirus is something called bilateral interstitial pneumonia which requires ventilators for treatment of seriously ill patients. So if 1.5M people of the 10 million infected 30 days from now require hospital care (15% of the 10M estimated total infections), 1.3M may not get the care that they need because we don’t have enough ventilators, beds, and ICU beds in the United States. And remember, this is only if ALL OF US EFFECTIVELY start social distancing by April 11th (30 days from today). This increases the mortality rate significantly.

BUT IF WE START EXTREME SOCIAL DISTANCING BY MARCH 23 (12 days from original writing), WE AVOID OVER 1.4 MILLION PEOPLE GETTING CRITICALLY ILL AND OVERWHELMING THE HOSPITALS:

If everyone takes extreme measures to social distance, and the United States can dramatically reduce the spread of the virus 12 days from now, the math is very different, as the exponential growth will only be 2 to the 4th power (12 days divided by the doubling rate of every 3 days equals the exponent of 4):

2 x 2 x 2 x 2 = 16

So instead of 10 Million cases in the United States if we wait 30 days, if we act 18 days sooner, we will have only 160,000 cases (16 times the estimated 10,000 actual cases as of today), of which 15% are likely to require hospitalization. This is 24,000 critical patients (a huge difference compared to 1.5 million acute patients). The difference between taking extreme measures now, versus waiting even a few days, is very large due to how exponents work in math.

THE OUTCOME IS EVEN BETTER IF WE TAKE ACTION IN THE NEXT 6 DAYS: If the vast majority of the population self isolates and implements social distancing in only 6 days from now the exponential math is 2 to the 2nd power (6 days divided by the 3 days it takes the virus to double means the exponent is only 2). In math this is “two squared”.

2 x 2 = 4

Multiplied by the estimated 10,000 ACTUAL cases as of today (3/12/20) that means only 40,000 total cases will develop, 15% of which may be critical which is 6,000 critical patients.

This is why you should share this post broadly. If people begin social distancing in the next 6 days it will greatly reduce the impact on all of us. It’s why they say a “post goes viral”.

SOCIAL DISTANCING WILL REDUCE THE FINANCIAL IMPACT TO YOU AND YOUR FAMILY:
Finally, the longer everyone waits to practice significant social distancing the greater the economic hardship will be on all of us. Lost jobs. Mortgage defaults. Closed businesses. Bankruptcies. All will be minimized if you start social distancing today.

Some of the reasons the economic impacts will be reduced are worth mentioning: If we stop the virus now the overall duration of the outbreak will be far shorter. The stock market will normalize more quickly and recover more quickly. Businesses and people will be able to survive a shorter duration outbreak vs a longer duration outbreak. More companies will avoid bankruptcy if we begin to practice social distancing now.

This is a big financial reason to begin social distancing if you are employed by any company: if companies see that the virus is being slowed, they will be less likely to conduct layoffs. You will be more likely to be laid off or experience a job-related event if we don’t practice social distancing immediately. As an HR executive, I’ve been involved in many, many layoffs. It’s the last thing companies want to do. But if they see that the pandemic will be shorter lived vs long and drawn out, they are less likely to make the permanent decision of laying off staff.

The overall economic impact that hits your bank account will be greater if you wait or you don’t practice social distancing. This is why Norway acted now, because it’s less economic impact to take drastic measures early than to do them later, and it saves a lot of lives and suffering by doing so. And Norway has only one confirmed death as of this writing.

Many people have suggested they want to support local restaurants and other businesses, who have seen sales drop by 50–90%. Stopping by and visiting them won’t save them. What will save them is social distancing and what you do after the pandemic is over. If you are concerned, call them and buy a gift certificate over the phone.

START TODAY. I CAN’T STRESS THIS ENOUGH. YOU MUST START TODAY.
Finally, the article that I posted yesterday written by Tomas Pueyo has been read 30M times in the last few days and has been updated with new information. It’s worth reading again.

Here’s that link:
https://medium.com/…/coronavirus-act-today-or-people-will-d…

Other up to date data I frequently consult regarding the pandemic is here:
https://www.worldometers.info/coronavirus/

I hope this is helpful and useful. My brain focuses on the math and I try and be fact based in my analysis and interpretation of how I should respond.

THERE IS MORE INFORMATION IN THE COMMENTS ON THE FACEBOOK POST WORTH READING AND I WILL BE UPDATING THAT POST, AND THE COMMENTS, WITH MORE INFORMATION, (AS OPPOSED TO CREATING NEW POSTS).

MY FINAL PARTING THOUGHT: Please share or forward this post at your discretion. If everyone shares this post and two of your friends share this post and so on, we use the power of exponential math to work in our favor, which seems appropriate given the virus is using that same exponential math against us.

HOW YOU CAN REALLY HELP: If you know people who have large numbers of followers, or people in the media, please leverage your personal relationship with them and ask them to amplify this post by sharing it.

It would be useful to get the post on Twitter and LinkedIn. If you know people in government this fact-based post may help inform them to make the best decisions. I am not active on Twitter.

It’s time for us humans to go on the offensive against the virus. We must fight back.

There is only one way to do so: Social Distancing.

Do it today.
NOTE: Anyone, including the media, is free to use this post, any related content, in all or in part, for any purpose, in any format, with no attribution required. Please direct message me if you have other ideas for how to raise awareness.

Finally, I can no longer keep up with friend requests given how much this post has been shared. To receive updates or follow me, please use the “Follow” button on Facebook. My page Facebook page is here, or follow me here on Medium (or both!).

My facebook page: https://www.facebook.com/jason.scott.warner

If anyone wants to translate this into any other language please do so and contact me and I’ll repost it in that language.
3/16/20: I am preparing a second post, now that 4 days have gone by since the first post. To receive it please follow me on FB. I can not keep up with the friend requests.




WRITTEN BY
Jason S Warner
 

Goldhedge

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MIT doctor with 4 degrees reveals sinister theory about coronavirus

By Carmine Sabia, The Western Journal
Published March 17, 2020

A decorated scientist with four degrees from the Massachusetts Institute of Technology believes the coronavirus pandemic is being used by the "Deep State" for its own purposes.

Shiva Ayyadurai said on Twitter that "fear-mongering" over the outbreak is being used to push an agenda.

“As an MIT PhD in Biological Engineering who studies & does research nearly every day on the Immune System, the #coronavirus fear mongering by the Deep State will go down in history as one of the biggest fraud to manipulate economies, suppress dissent, & push MANDATED Medicine!” he said.

As an MIT PhD in Biological Engineering who studies & does research nearly every day on the Immune System, the #coronavirus fear mongering by the Deep State will go down in history as one of the biggest fraud to manipulate economies, suppress dissent, & push MANDATED Medicine! https://twitter.com/realdonaldtrump/status/1236975196642390022 …
15.3K people are talking about this

It is important to note that Ayyadurai did not say the disease is man-made or a hoax.

You should follow the guidelines from doctors, federal, state and local governments and the U.S. Centers for Disease Control and Prevention.

story continues below
 

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They're broke too!


Class-action suit demands $20 trillion from China for coronavirus damages
'No reason why the American taxpayer should pay for the tremendous harm'

By WND Staff
Published March 17, 2020

Twenty trillion dollars. Or $20,000,000,000,000

Plus "other relief the court may deem just and proper."

That's what a class-action lawsuit filed in U.S. District Court for the Northern District of Texas is demanding from China for allowing the coronavirus to spread from the city of Wuhan around the world, forcing unprecedented restrictions on public life that could trigger economic recession or even depression.

On Tuesday, Larry Klayman, the founder of Judicial Watch and Freedom Watch and a former federal prosecutor, filed the complaint against China, the People's Liberation Army, the Wuhan Institute of Virology and several individuals.
 

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They're broke too!


Class-action suit demands $20 trillion from China for coronavirus damages
'No reason why the American taxpayer should pay for the tremendous harm'

By WND Staff
Published March 17, 2020

Twenty trillion dollars. Or $20,000,000,000,000

Plus "other relief the court may deem just and proper."

That's what a class-action lawsuit filed in U.S. District Court for the Northern District of Texas is demanding from China for allowing the coronavirus to spread from the city of Wuhan around the world, forcing unprecedented restrictions on public life that could trigger economic recession or even depression.

On Tuesday, Larry Klayman, the founder of Judicial Watch and Freedom Watch and a former federal prosecutor, filed the complaint against China, the People's Liberation Army, the Wuhan Institute of Virology and several individuals.
I knew this was going to happen. Expect other countries to get in line.

Wait until we start seeing countries siezing Chinese assets in their jurisdictions. Then you know it is getting real. This was why the CCP was trying to sweep this thing under the rug and pin it on the wet market (which has been soundly debunked).

The CCP will never recover from this. As more heat get put on them from every country expect the the CCP, PLA and other factions to start turning on each other.
 

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I knew this was going to happen. Expect other countries to get in line.

Wait until we start seeing countries siezing Chinese assets in their jurisdictions. Then you know it is getting real. This was why the CCP was trying to sweep this thing under the rug and pin it on the wet market (which has been soundly debunked).

The CCP will never recover from this. As more heat get put on them from every country expect the the CCP, PLA and other factions to start turning on each other.
Except the CCP has nuclear weapons and as Sun Tzu stated, you always provide your enemy a way out. Never back them into a inescapable corner...these guys wouldn't care about launching.
 

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Something Dark Exists Within the Coronavirus Crisis
Hagman Report

 

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Except the CCP has nuclear weapons and as Sun Tzu stated, you always provide your enemy a way out. Never back them into a inescapable corner...these guys wouldn't care about launching.
True if they were united. Don't think for second one faction like the PLA or CCP will throw the others one to wolves to save their skin.
 

GOLDBRIX

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World Bank Launches First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility

Washington, DC, June 28, 2017 – The World Bank (International Bank for Reconstruction and Development) today launched specialized bonds aimed at providing financial support to the Pandemic Emergency Financing Facility (PEF), a facility created by the World Bank to channel surge funding to developing countries facing the risk of a pandemic.

This marks the first time that World Bank bonds are being used to finance efforts against infectious diseases, and the first time that pandemic risk in low-income countries is being transferred to the financial markets.

The PEF will provide more than $500 million to cover developing countries against the risk of pandemic outbreaks over the next five years, through a combination of bonds and derivatives priced today, a cash window, and future commitments from donor countries for additional coverage.

The transaction, that enables PEF to potentially save millions of lives, was oversubscribed by 200% reflecting an overwhelmingly positive reception from investors and a high level of confidence in the new World Bank sponsored instrument. With such strong demand, the World Bank was able to price the transaction well below the original guidance from the market. The total amount of risk transferred to the market through the bonds and derivatives is $425 million.

“With this new facility, we have taken a momentous step that has the potential to save millions of lives and entire economies from one of the greatest systemic threats we face,” World Bank Group President Jim Yong Kim said. “We are moving away from the cycle of panic and neglect that has characterized so much of our approach to pandemics. We are leveraging our capital market expertise, our deep understanding of the health sector, our experience overcoming development challenges, and our strong relationships with donors and the insurance industry to serve the world’s poorest people. This creates an entirely new market for pandemic risk insurance. Drawing on lessons from the Ebola Outbreak in West Africa, the Facility will help improve health security for everyone. I especially want to thank the World Health Organization and the governments of Japan and Germany for their support in launching this new mechanism.”

The World Bank announced the creation of the PEF in May 2016 at the G7 Finance Ministers and Central Governors meeting in Sendai, Japan. The PEF will quickly channel funding to countries facing a major disease outbreak with pandemic potential. Its unique financing structure combines funding from the bonds issued today with over-the-counter derivatives that transfer pandemic outbreak risk to derivative counterparties. The structure was designed to attract a wider, more diverse set of investors.

The PEF has two windows. The first is an ‘insurance’ window with premiums funded by Japan and Germany, consisting of bonds and swaps including those executed today. The second is a ‘cash’ window, for which Germany provided initial funding of Euro 50 million. The cash window will be available from 2018 for the containment of diseases that may not be eligible for funding under the insurance window.

The bonds and derivatives for the PEF’s ‘insurance’ window were developed by the World Bank Treasury in cooperation with leading reinsurance companies Swiss Re and Munich Re. AIR Worldwide was the sole modeler, using the AIR Pandemic Model to provide expert risk analysis. Swiss Re Capital Markets is the sole book runner for the transaction. Swiss Re Capital Markets and Munich Re are the joint structuring agents. Munich Re and GC Securities, a division of MMC Securities LLC are co-managers.

Swiss Re Capital Markets Limited, Munich Re and GC Securities were also joint arrangers on the derivatives transactions.

The bonds will be issued under IBRD’s “capital at risk” program because investors bear the risk of losing part or all of their investment in the bond if an epidemic event triggers pay-outs to eligible countries covered under the PEF.

The PEF covers six viruses that are most likely to cause a pandemic. These include new Orthomyxoviruses (new influenza pandemic virus A), Coronaviridae (SARS, MERS), Filoviridae (Ebola, Marburg) and other zoonotic diseases (Crimean Congo, Rift Valley, Lassa fever).

PEF financing to eligible countries will be triggered when an outbreak reaches predetermined levels of contagion, including number of deaths; the speed of the spread of the disease; and whether the disease crosses international borders. The determinations for the trigger are made based on publicly available data as reported by the World Health Organization (WHO).

Countries eligible for financing under the PEF’s insurance window are members of the International Development Association (IDA), the institution of the World Bank Group that provides concessional finance for the world’s poorest countries. The PEF will be governed by a Steering Body, whose voting members include Japan and Germany. WHO and the World Bank serve as non-voting members.

The World Bank has developed some of the most innovative catastrophe risk insurance instruments in the market to help developing countries manage risk. In the past ten years the institution has executed approximately $1.6 billion in catastrophe risk transactions.

View attachment 157371



IBRD Pandemic Bonds Distribution by Investor Type and Location View attachment 157372

(*) Please see the Supplemental Prospectus for a detailed description of the Terms and Conditions of the bonds, the related risks with regard to an investment in the bonds and the relevant offering restrictions. Any offer of the bonds will solely take place on the basis of the Supplemental Prospectus prepared by the World Bank or on behalf of the World Bank.
(**) There was an additional $105 million size done in the derivatives market.

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems.

The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for 70 years to fund its activities that achieve a positive impact.

Information on World Bank bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities

Quotes

Christian Mumenthaler, Group CEO of Swiss Re, said "We are very proud to have supported the World Bank over the past two and a half years in the endeavor to build an innovative insurance vehicle to better respond to epidemic outbreaks. Swiss Re was co-mandated by the World Bank to develop and design the "insurance window" of PEF and lead the marketing efforts of the transaction in its role as sole book-runner for the capital market placement. The combined derivative/capital markets structure is just one of many pioneering elements of this transaction. Addressing one of the world's most systemic risks, it underpins Swiss Re's commitment to making the world more resilient and its continued leadership in the insurance linked securities market."

Joachim Wenning, Chairman of the Board of Management of Munich Re, said: “The PEF shows how close collaboration between the public sector and insurers can help limit the negative effects of catastrophes in developing countries. Munich Re is proud to have played a major part in this proactive and reliable financing mechanism from the very beginning. I’m confident that our core competences in risk modelling, identification and management will further this very good cause – strengthening the resilience of companies and societies alike. We truly hope that the PEF will become a sustainable and integral part of a global health architecture to make our planet more resilient to dangerous epidemic and pandemic risks.”

Peter Hearn, President and CEO of Guy Carpenter & Co, said: “Our capital agnostic perspective delivers an innovative combination of catastrophe bonds and swaps, giving the World Bank a diverse range of cost-effective risk transfer products supported by both capital markets investors and traditional (re)insurers,” said “This facility will enhance funding for emergency response and give ILS investors and (re)insurers greater access to a non-correlating class of risk, and we are honored to have assisted the World Bank with implementation of its financing.”
TAX FREE Bonds or I'm not interested.
 

Unca Walt

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$500 MILLION?

For the whole fuggin' WORLD?

Mini-Mike blew more than that to get the Samoan vote!!!!
 

GOLDBRIX

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$500 MILLION?

For the whole fuggin' WORLD?

Mini-Mike blew more than that to get the Samoan vote!!!!
Yep, Mike COULD have given One Million dollars to every American with plenty leftover.
 

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Coronavirus Australia: Queensland researchers find ‘cure’, want drug trial
Some patients who tested positive for coronavirus in Australia have already been treated with one of the drugs and “all did very, very well,” researchers say.

A team of Australian researchers say they’ve found a cure for the novel coronavirus and hope to have patients enrolled in a nationwide trial by the end of the month.

University of Queensland Centre for Clinical Research director Professor David Paterson told news.com.au today they have seen two drugs used to treat other conditions wipe out the virus in test tubes.

He said one of the medications, given to some of the first people to test positive for COVID-19 in Australia, had already resulted in “disappearance of the virus” and complete recovery from the infection.

Prof Paterson, who is also an infectious disease physician at the Royal Brisbane and Women’s Hospital, said it wasn’t a stretch to label the drugs “a treatment or a cure”.

“It’s a potentially effective treatment,” he said.

“Patients would end up with no viable coronavirus in their system at all after the end of therapy.”

The drugs are both already registered and available in Australia.

“What we want to do at the moment is a large clinical trial across Australia, looking at 50 hospitals, and what we’re going to compare is one drug, versus another drug, versus the combination of the two drugs,” Prof Paterson said.

Given their history, researchers have a “long experience of them being very well tolerated” and there are no unexpected side effects.

“We’re not on a flat foot, we can sort of move ahead very rapidly with enrolling Australians in this trial,” Prof Paterson said.
“It’s the question we all have – we know it’s coming now, what is the best way to treat it?”

Prof Paterson said positive experiences in the fight against coronavirus have already been recorded overseas, citing China and Singapore. His research team are confident they can start getting the drugs to patients in a very safe way on home soil.

“We want to give Australians the absolute best treatment rather than just someone’s guesses or someone’s anecdotal experiences from a few people,” Prof Paterson told news.com.au.

He said they hope to be enrolling patients by the end of March.

“And that way, if we can test it in this first wave of patients, we do fully expect that there are going to be ongoing infections for months and months ahead, and therefore we’ll have the best possible information to treat subsequent patients,” Prof Paterson said.

“That’s really our aim, to get real world experience in Australia.”

He said the trouble with the data coming from China was that it wasn’t really gathered “in a very controlled way”, given they were the epicentre of the coronavirus outbreak at the time.

“Things were just chaotic,” Prof Paterson said.

“There were these emergency hospitals being built and the system really being very, very stretched.”

One of the two medications is a HIV drug, which has been superseded by “newer generation” HIV drugs, and the other is an anti-malaria drug called chloroquine which is rarely used and “kept on the shelf now” due to resistance to malaria.

He said the researchers want to study them in a “very meaningful way” against the coronavirus to “try and alleviate that anxiety of Australians”.

“There have already been patients treated with these in Australia and there’s been successful outcomes but it hasn’t been done in a controlled or a comparative way,” Prof Paterson said.
The drugs would be given orally, as tablets.

Prof Paterson said patients would be asked to participate “as soon as they’re admitted” to hospital with the aim of beginning treatment “very early on in their illness”.

He said the research was sparked by Chinese patients, who were first given the drug in Australia, showing their doctors information on the internet about the treatment used overseas.

“Our doctors were very, very surprised that a HIV drug could actually work against the novel coronavirus and there was a bit of scepticism,” he said.

“That first wave of Chinese patients we had (in Australia), they all did very, very well when they were treated with the HIV drug.

“That’s reassuring … that we’re onto something really good here.”

The RBWH Foundation has established a Coronavirus Action Fund. By Monday afternoon it had raised $30,000 of the desired $750,000 for the clinical drug trials and other related medical research.

“The trials will start as soon as funding is secured,” the fund states.

When asked why they had to put a call out money, Prof Paterson said they “want to give as many people in Australia access to this” and can’t take doctors away from their normal work.

“The reality is that doctors are going to need to be concentrating on their patients and we need to get a very strong research team across Australia that can make sure that all the Is are dotted and the Ts are crossed and make sure that it is a really high-quality study so that we can be really confident in the results,” he said.

“We did this with bushfires, this is an example where we’re reaching out to the public to put the financial support behind the study so it can get underway.

“Fifty hospitals have expressed interest in participating and we expect there may even be more to come.”

 

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“We can now read the report on COVID-19 that terrified every head of state from Boris Johnson to Donald Trump to the dictator of El Salvador so much that they ordered people to stay in their houses after lax attitudes in the beginning.

Here's a brief rundown...

The COVID-19 response team at Imperial College in London obtained what appears to be the first accurate dataset of infection and death rates from China, Korea, and Italy. They plugged those numbers into widely available epidemic modeling software and ran a simulation: what would happen if the United States did absolutely nothing -- if we treated COVID-19 like the flu, went about business as usual, and let the virus take its course?

Here's what would happen: 80% of Americans would get the disease. 0.9% of them would die. Between 4 and 8 percent of all Americans over the age of 70 would die. 2.2 million Americans would die from the virus itself.

It gets worse. Most people who are in danger of dying from COVID-19 need to be put on ventilators. 50% of those put on ventilators still die, but the other 50% live. But in an unmitigated epidemic, the need for ventilators would be 30 times the number of ventilators in the United States. Virtually no one who needed a ventilator would get one. 100% of patients who need ventilators would die if they didn't get one. So the actual death toll from the virus would be closer to 4 million Americans -- in a span of 3 months. 8-15% of all Americans over 70 would die.

How many people is 4 million Americans? It's more Americans than have died all at once from anything, ever. It's the population of Los Angeles. It's four times the number of Americans who died in the Civil War...on both sides combined. It's two-thirds as many people as died in the Holocaust.

Americans make up 4.4% of the world's population. So if we simply extrapolate these numbers to the rest of the world -- now we're getting into really fuzzy estimates, so the margin of error is pretty great here -- this gives us 90 million deaths globally from COVID-19. That's 15 Holocausts. That's 1.5 times as many people as died in World War II, over 12 years. This would take 3-6 months.

Now, it's unrealistic to assume that countries wouldn't do ANYTHING to fight the virus once people started dying. So the Imperial College team ran the numbers again, this time assuming a "mitigation" strategy. A mitigation strategy is pretty much what common sense would tell us to do: America places all symptomatic cases of the disease in isolation. It quarantines their families for 14 days. It orders all Americans over 70 to practice social distancing. This is what you've seen a lot of people talking about when they say we should "flatten the curve": try to slow the spread of the disease to the people most likely to die from it, to avoid overwhelming hospitals.

And it does flatten the curve -- but not nearly enough. The death rate from the disease is cut in half, but it still kills 1.1 million Americans all by itself. The peak need for ventilators falls by two-thirds, but it still exceeds the number of ventilators in the US by eight times, meaning most people who need ventilators still don't get them. That leaves the actual death toll in the US at right around 2 million deaths. The population of Houston. Two civil wars. One-third of the Holocaust. Globally, 45 million people die: 7.5 Holocausts, 3/4 of World War II. That's what happens if we use common sense: the worst death toll from a single cause since the Middle Ages.

Finally, the Imperial College team ran the numbers a third time, this time assuming a "suppression" strategy. In addition to isolating symptomatic cases and quarantining their family members, they also simulated social distancing for the entire population. All public gatherings and most workplaces shut down. Schools and universities close. (Note that these simulations assumed a realistic rate of adherence to these requirements, around 70-75% adherence, not that everyone follows them perfectly.) This is basically what we are seeing happen in the United States today.

This time it works! The death rate in the US peaks three weeks from now at a few thousand deaths, then goes down. We hit, but don't exceed (at least not by very much), the number of available ventilators. The nightmarish death tolls from the rest of the study disappear; COVID-19 goes down in the books as a bad flu instead of the Black Death.

But here's the catch: if we EVER relax these requirements before a vaccine is administered to the entire population, COVID-19 comes right back and kills millions of Americans in a few months, the same as before. The simulation does indicate that, after the first suppression period (lasting from now until July), we could probably lift restrictions for a month, followed by two more months of suppression, in a repeating pattern without triggering an outbreak or overwhelming the ventilator supply. If we staggered these suppression breaks based on local conditions, we might be able to do a bit better. But we simply cannot ever allow the virus to spread throughout the entire population in the way other viruses do, because it is just too deadly. If lots of people we know end up getting COVID-19, it means millions of Americans are dying. It simply can't be allowed to happen.

How quickly will a vaccine be here? Already, medical ethics have been pushed to the limit to deliver one. COVID-19 was first discovered a few months ago. Last week, three separate research teams announced they had developed vaccines. Yesterday, one of them (with FDA approval) injected its vaccine into a live person, without waiting for animal testing. Now, though, they have to monitor the test subject for fourteen months to make sure the vaccine is safe. This is the part of the testing that can't be rushed: the plan is to inoculate the entire human population, so if the vaccine itself turned out to be lethal for some reason, it could potentially kill all humans, which is a lot worse than 90 million deaths. Assuming the vaccine is safe and effective, it will still take several months to produce enough to inoculate the global population. For this reason, the Imperial College team estimated it will be about 18 months until the vaccine is available.

During those 18 months, things are going to be very difficult and very scary. Our economy and our society will be disrupted in profound ways. Worst of all, if the suppression policies actually work, it will feel like we are doing all this for nothing, because the infection and death rates will be very low. It's easy to get people to come together in common sacrifice in the middle of a war. It's very hard to get them to do so in a pandemic that looks invisible precisely because suppression methods are working. But that's exactly what we're going to have to do.”

The entire report is below.

https://www.imperial.ac.uk/media/im...-College-COVID19-NPI-modelling-16-03-2020.pdf
 

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Hello from Italy. Your future is grimmer than you think
Within weeks, our old lives were gone
Cyclists pass closed cafe terraces in Milan last week. Italy has all but put a halt to normal life, paring the economy down to essential services only in a bid to stem the advance of the novel coronavirus. (Alberto Bernasconi/Bloomberg News)


By Ida Garibaldi

Ida Garibaldi lives in Vicenza, Italy. She was born in Italy, and, for many years, lived in Alexandria, Virginia.
March 17, 2020 at 1:18 p.m. MDT

My family lives in the Veneto, in Northern Italy, one of the regions worst hit by the novel coronavirus. We are on lockdown. It’s scary. It’s lonely. It’s uncomfortable. And did I mention scary?

I’ll spare you the statistics and the sermons; both are already abundant. But I do want to make one thing clear: If you think that by stocking up your pantries you have absolved yourself from the responsibility of preparing for this virus, you are mistaken. This is a crisis like none before. Be skeptical of both naysayers and doomsayers; there’s no way of knowing how this will end.

The restrictions came upon us slowly but steadily. Within two weeks, our old lives were gone. First the schools closed, then came social distancing. Then the government locked down the hardest-hit areas: no more going in and out of certain provinces; limited movements within the “red zones.” Then the whole country shut down. Most stores closed their doors. People who could were asked to telework; those who could not, and did not have a job related to the continuation of essential services, were placed on part-time schedules or unpaid leave. When we went out, we had to carry a pass explaining our reasons for being outside to show to the law enforcement officers patrolling the streets. The priority became keeping everyone inside, at all times.

For some people, the gradual rollout made these measures hard to accept: Skeptical observers questioned the seriousness of the disease, given that the restrictions were not draconian from the start. And yet without time to adjust to a progressive loss of freedom, we wouldn’t have accepted it. We might have rebelled. Instead, we rallied, coming together as one — protecting each other’s health, even as we could no longer socialize.

A warning from Italians to Americans: Be prepared for what coronavirus will bring

Italians recovering from the coronavirus and protecting themselves tell The Washington Post what life is like in quarantine. (Video: Alice Li, Zoeann Murphy/Photo: Nicola Fossella/EPA-EFE/Shutterstock/The Washington Post)

Living under these conditions is difficult to describe. We can only leave the house out of medical necessity or to get food. We can go on short walks but not in groups. We can’t hug, kiss or shake hands with anyone outside of our family. We must stay at least four feet from everyone else, at all times.

My family tries to maintain a routine: In the mornings, I home-school our four children, who range from kindergarten to eighth grade, while my husband teleworks. My eldest son’s school was the best prepared for distance learning and began remote lessons from the first week of the lockdown. He gets live lessons, homework, regular interaction with his teachers — and just as importantly, regular interaction with friends, which lessens his sense of isolation. It’s great, really, but it also requires a dedicated laptop and bandwidth from 8:10 a.m. to 2:45 p.m. daily, limiting what everyone else can do online. My other children’s schools, which shut down at the same time, have only started distance learning this week.

In the afternoon, my husband and I both work as best we can, while the children keep themselves busy. With guitars we had on hand and a drum set they built from scratch, they’re putting together a garage band. (Literally — they have to stay in the garage and can’t practice or perform anywhere else.) For the first time in my life, I’ve come to think that having four children sometimes can be less work than having one or two: They can entertain each other.

Counterintuitively, the days somehow end incredibly fast. We are always doing something: organizing lessons, fighting with a malfunctioning printer or about our overloaded WiFi, tutoring each child one-on-one, getting the kids outside, feeding them, drinking coffee, repeat. When, after two or three days, we can’t take the confinement anymore, one of us makes a run to the grocery store to buy fruits and vegetables and whatever else we need. (The stores, at least, are well stocked.) We go out by bike to get some exercise. That, too, is a challenge, because we are always tired.

My mother and sisters, my little niece, my aunt, and cousins live in Lombardy, the region worst affected by the pandemic. If my mother, who is 81 (or almost 81, as she would point out) catches this virus, she will probably die. I speak to and text them frequently, but I don’t know when, or if, I will be able to see them. It’s bizarre: Everyone is going through the same emotions — fear, anger, exhaustion — no matter where we live or what we do. We don’t need many words to know how the other person feels. We end every call with “Forza!” We must keep going.

An illustrated look at Italy now

Yes, most people who become ill will survive. Yes, people younger than 45 will probably be fine. But right now, doctors across Northern Italy have to choose between who gets the respirator and lives, and who does not and dies. Italy’s health system, for all its shortcomings — the long waits for certain tests, some aging buildings, the sometimes crowded hospital wards — is among the best-performing in the Western world. A 2017 report by the World Health Organization, for example, reported that Italian health care has among the lowest mortality rates in Europe and a strong acute-care sector. And yet this virus has overwhelmed the health system of one of the richest areas of the European Union.

Statistics change daily, as the hospitals scramble to build capacity. On Thursday, there were only 737 intensive-care beds open for new coronavirus patients in Lombardy; the region is home to 10 million people, and as of this writing, 16,220 people have tested positive for the disease there. Depending on how many coronavirus patients go into or out of the hospitals each day, if you have a chronic condition or a heart attack or are in a car crash, you might not be able to access care.

Writing this from Italy, I am also writing to you from your own future. From our state of emergency, we have been watching the crisis unfold in the United States with a terrible sense of foreboding. Please stop waiting for others to tell you what to do; stop blaming the government for doing too much or too little. We all have actions we can take to slow the spread of the disease — and ensuring that your own household has enough canned goods and cleaning supplies is not enough. You can do a lot more. You should do a lot more. Stay away from restaurants, gyms, libraries, movie theaters, bars and cafes, yes. But also: Don’t invite people over for dinner, don’t let your kids go on playdates, don’t take them to the playground, don’t let your teenagers out of your sight. They will sneak out with their friends, they will hold hands, they will share their drinks and food. If this seems too much, consider the following: We are not allowed to hold weddings or funerals. We can’t gather to bury our dead.

For us, it might be too late to avoid an incredible loss of life. But if you decide against taking actions because it seems inconvenient, or because you don’t want to look silly, you can’t say you weren’t warned.
 

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Max Brooks Update On Corona Virus | Corona Virus March Updates | Corona Virus News

 

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Disease X - Prophylactic Efficacy of Quercetin 3-β-O-d Glucoside Against Viruses

 

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7 NWO Agendas Accompanying the Coronavirus Outbreak
TOPICS:CoronavirusMakia Freeman
FEBRUARY 21, 2020

By Makia Freeman
  • THE STORY: While the debate continues as to the true count of infected people due to the COVID-19 coronavirus epidemic, several sinister agendas are being pushed out.
  • THE IMPLICATIONS: Is the coronavirus an opportunity or excuse for the authorities to roll out long-desired schemes of control and manipulation?
While the coronavirus epidemic continues, with people debating on both sides whether it is being overplayed or underplayed, it is worthwhile pausing to consider what agendas – and I mean which NWO agendas – are being rolled out using the epidemic as a cover or pretext.

As I covered in my last article “The Coronavirus 5G Connection and Coverup,” with these kind of outbreaks, there is always a dual motivation for authorities: the motivation to hype and the motivation to downplay because both approaches serve the ruling class in different ways. Deception is a hallmark of government, and clearly all the more so in an emergency, so it is always going to be hard to trust whatever news or stats are coming from official sources. Regardless of the virus’ true origins and virulence, we can say for sure that there are several agendas being pushed as you read these words. It’s the same old Hegelian dialectic strategy of problem-reaction-solution; and whatever the reality is on a microbial level, the world’s population has the perception of a problem, so the ruling class has another opportunity to make their order out of chaos. Below are 7 NWO agendas being carried out due to the coronavirus epidemic.

1. Centralized Control of Information, i.e. Censorship and Narrative Control
Quite a few of the speakers at the Event 201 simulation (hosted by the Johns Hopkins Center in partnership with World Economic Forum [WEF] and the Bill and Melinda Gates Foundation) spoke of the need for the centralized control of information during a pandemic, including one speaker Lavan Thiru (described as a Monetary Authority of Singapore) who mentioned “a step up from the part of the government on enforcement actions against fake news.” There were some who said Big Tech is a no longer a platform but a broadcaster and must be made to combat fake news. Another speaker in typical fashion demonized conspiracy theories. Here is a quote directly from the simulation/make-believe event (which came true 6 weeks later):

Disinformation and misinformation are wreaking havoc … pharmaceutical companies are being accused of introducing the … virus so they can make money on drugs and vaccines, and have seen public faith in their products plummet. Unrest due to false rumors and divisive messaging is rising, and is exacerbating spread of the disease as levels of trust fall, and people stop cooperating with response efforts. This is a massive problem, one that threatens governments and trusted institutions.​
National governments are considering or have already implemented a range of interventions to combat misinformation. Some governments have taken control of national access to the internet; others are censoring websites and social media content, and a small number have shut down internet access completely to prevent the flow of misinformation. Penalties have been put in place for spreading harmful falsehoods, including arrests.​
The plan is to continue the censorship which Big Tech has been spearheading for years now, using the excuse of harmful “fake news” by claiming that the dissemination of false information during an emergency is a bigger problem than usual and must be stopped. Here are some other quotes from the event:

I do think that there needs to be sort-of an honest broker, a centralized command-and-control organization that really brings together the public-private sector, both on a global approach and also on a local approach …​
Yes, I agree, and I wanted to speak to the point about having the honest broker, and I think in this regard the United Nations fits the bill …​
It’s important that the UN and WHO remain very clear, but when they challenge governments directly, they often get into this issue of sovereignty, and so I think it’s really important not to have that as the only response … it’s really critical to remember soft power influence …​
That last statement reveals yet again a dominant NWO agenda in so many arenas of life: narrative control.

2. The Cashless Agenda
The cashless agenda is a long-term NWO scheme that goes hand in hand with transhumanism, i.e. the digitization of everything in society, including things like money, information and life itself. Power-hungry control freaks – the types of people that gravitate towards government – love the idea of a cashless society because then every single economic transaction can be traced, which allows authorities to build an even more complete picture of who you are so as stop any possible disobedience or revolution before it happens. It also increases governmental revenue via taxation. As this Activist Post article highlights, China has jumped on the opportunity to forward the cashless agenda by claiming that paper money must now be taken out of circulation due to the possibility that it could contain traces of COVID-19 and therefore contribute to the spreading of the coronavirus.

3. Martial Law Quarantines
Governments love martial law scenarios, because normal human rights are suspended. Authoritarian China has been lauded by many globalists such as the late David Rockefeller as a model for the New World Order. Some of the photos and videos coming out of China showing the police state there have been horrific. Another crisis, another opportunity for the government to see how much they can get away with under the banner of fighting the virus.

4. Mandatory Vaccination
The coronavirus epidemic has provided a good excuse for governments round the world to introduce one of their favorite NWO agendas – mandatory vaccination. The reason why this agenda is particularly so well liked is that it allows authorities access to the human body – and not just the citizen’s body, but his or her bloodstream too. truthfully, we have no idea what is in that needle when it gets injected, so all sorts of things could be implanted in our bodies without our knowledge or consent.

Coincidentally (or not), China passed a law on June 29th 2019 that rolled out a national mandatory vaccination program. Coincidentally (or not), the law went into effect on December 1st 2019, just weeks before the coronavirus epidemic became a worldwide news story. Here is the article:

On June 29, 2019, the National People’s Congress Standing Committee of the People’s Republic of China (PRC or China) adopted the PRC Law on Vaccine Administration (Vaccine Law). The official Xinhua news agency states that the Law provides for the “strictest” vaccine management with tough penalties in order to ensure the country’s vaccine safety … The Law mandates the launching of a national vaccine electronic tracking platform that integrates tracking information throughout the whole process of vaccine production, distribution, and use to ensure all vaccine products can be tracked and verified (art. 10). According to the Law, China is to implement a state immunization program, and residents living within the territory of China are legally obligated to be vaccinated with immunization program vaccines, which are provided by the government free of charge. Local governments and parents or other guardians of children must ensure that children be vaccinated with the immunization program vaccines … The Law will take effect on December 1, 2019.​
I also have to wonder about the implications when we have so-called experts like Ralph Baric who are pointing out that this coronavirus epidemic may include asymptomatic carriers (as in this story of the 10-year-old Chinese boy who had no symptoms but allegedly tested positive for COVID-19). This may be helpful information, but it also adds fuel to the mandatory vaccine fire, so to speak, because then the authorities claim that they have to vaccinate everyone to protect society due to all these possible hidden asymptomatic carriers that could pop up and infect everyone. By extension, mandatory vaccination may also include DNA vaccines and microchipping (see next).

5. Bill Gates’ ID2020: Digital Identification via Microchipping
As David Icke says, if Bill Gates is involved in it, it’s bad for humanity. NWO point-man Gates has been heavily pushing GMOs and vaccines for years (including slipping up and admitting that vaccines contribute to population control); he was part of Event 201 that simulated the coronavirus epidemic before it happened; he “didn’t have any business relationship or friendship with” Jeffrey Epstein; so now we have to ask how else this sold-out NWO frontman is benefiting from the virus. Turns out the answer may be found in yet another globalist project Gates has been promoting: ID 2020. This is the human microchipping agenda, repackaged. It sells itself as “a trusted and reliable way” to fulfill a “fundamental and universal human right” – safeguarding your identity both online and in the physical world. This article reports:

The ID2020 Alliance, as it’s being called, is a digital identity program that aims to “leverage immunization” as a means of inserting tiny microchips into people’s bodies. In collaboration with the Global Alliance for Vaccines and Immunizations, also known as GAVI, the government of Bangladesh and various other “partners in government, academia, and humanitarian relief,” the ID2020 Alliance … wants all humans to be “vaccinated” with digital tracking chips that will create a seamless monitoring system for the New World Order to manage the populations of the world with ease.​
While the ID2020 program’s testing grounds are primarily in the Third World, the group says it’s also now working with governments here in the United States to start microchipping people through vaccination. In Austin, Texas, for example, the homeless population is now being exploited as a collective guinea pig for ID2020’s microchip vaccination program, which the group claims will help to “empower” homeless people by supposedly giving them “control” over their personal identity data. “The City of Austin, ID2020, and several other partners are working together with homeless people and the service providers who engage with them to develop a blockchain-enabled digital identity platform called MyPass to empower homeless people with their own identity data,” writes Chris Burt for BiometricUpdate.com. ID2020 is also jabbing refugees with its microchip vaccinations through two inaugural pilot programs known as iRespond and Everest.​

Since Gates was obviously intimately involved in planning this outbreak and ensuring his companies have the patents and vaccines for the newly released virus, is he also planning on using the coronavirus epidemic to further promote ID2020?

6. Agenda 2030: Wuhan Slated to be one of China’s Smart Cities
A massive agenda involved in the coronavirus epidemic is the agenda of all agendas – UN Agenda 2030, which involves Smart Cities. Guess what? Before the outbreak China had already planned which of its cities were going to be the ones slated to become the pilot Smart Cities. Wuhan was one of them (which makes sense why it was also the site of China’s 5G rollout as covered in my previous article). See here:

Wuhan Future City, located in eastern East Lake High-Tech Development Zone, is one of the four concentrated talent bases for major State-owned enterprises and the only “future science and technology town” approved by the State Council for central and western regions.​
7. Is the Coronavirus Epidemic a Race-Based Bioweapon?
I don’t know if I would exactly classify this as a NWO agenda, but a race-based bioweapon is certainly a likely possibility here. Consider that virtually all known deaths from the coronavirus epidemic thus far have been in China. Only around 4 deaths outside of China have been reported – 1 in the Philippines on February 1st, 1 in Japan on February 13th and 2 in Iran on February 20th. Lance Walton (VDare.com) has written several articles asking why no one is talking about it. He points out how WHO (World Health Organization) Director-General Tedros Ahanom Ghebreyesus declared that he opposed travel bans. ZeroHedge.com quoted him as saying that “We reiterate our call to all countries not to impose restrictions that unnecessarily interfere with international travel and trade. Such restrictions can have the effect of increasing fear and stigma, with little public health benefit.” If the virus doesn’t discriminate based on race, and just weakens or kills anyone, then the public health benefits of banning people would be great. However, if the virus does indeed discriminate on race, and only targets East Asians, then the WHO head’s comments make sense. This raises yet more questions: if the COVID-19 is a race-based bioweapon, who created it? The US? Israel? How did they sneak it into China and release it?

Conclusion: Coronavirus Epidemic Being Used to Push NWO Agendas

A screenshot of the opening ceremony of the Wuhan Military Games proclaiming a New World.

Interestingly, the opening ceremony of the Military World Games in Wuhan declared a “New World” (see image of a screenshot from the opening ceremony) which suggests the phrase New World Order and also suggests societal transformation – yet another clue that this entire event was pre-planned. Whatever the truth turns out to be about the origin of the virus itself, who created it, how it was released and whether it is really as dangerous as is hyped, there can be no doubt that the entire coronavirus epidemic phenomenon is being used to accelerate several NWO agendas in typical problem-reaction-solution style.

Makia Freeman is the editor of alternative media / independent news site The Freedom Articles and senior researcher at ToolsForFreedom.com. Makia is on Steemit and FB.

Sources:
*https://thefreedomarticles.com/coronavirus-5g-connection-coverup-vaccines-transhumanism/
*

*https://www.activistpost.com/2020/0...its-government-paper-money-wont-kill-you.html
*https://www.loc.gov/law/foreign-news/article/china-vaccine-law-passed/
*https://gulfnews.com/world/asia/chi...-coronavirus-without-symptoms-1.1580296642401
*https://thefreedomarticles.com/bill-gates-vaccines-reduce-population-growth/
*https://thefreedomarticles.com/epstein-saga-connects-almost-all-aspects-worldwide-conspiracy/
*https://id2020.org/
*https://www.naturalnews.com/2019-10...al-biometric-identities-for-surveillance.html
*http://www.chinaopticsvalley.com/2018-09/12/c_64297.htm
*https://vdare.com/articles/still-no...-corona-but-cnn-s-sanjay-gupta-won-t-admit-it
 

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Japanese flu drug appears ‘effective’ in coronavirus treatment in Chinese clinical trials

Darrell Etherington@etherington / 5:40 am MDT • March 18, 2020
Comment

Image Credits: Akio Kon/Bloomberg / Getty Images

Based on results of clinical trials conducted with affected patients in both Wuhan and Shenzhen by Chinese medical authorities, Japanese-made flu drug favipiravir (also known as Avigan) has been shown to be effective in both reducing the duration of the COVID-19 virus in patients and to have improved the lung conditions of those who received treatment with the drug.

The trials involved 340 patients in total, and since the drug has already been developed and approved for use in treating flu, it has a “high degree of safety,” according to China science and technology ministry official Zhang Xinmin, who spoke to reporters on Wednesday according to The Guardian. The tests showed a reduction in the period during which patients tested positive for the new coronavirus from 11 days down to just four, and showed improvements in the lung condition of around 91 percent of patients treated with favipiravir, compared to just 62 percent for those without among the trial participants.

The Chinese studies are not the only attempt to test the efficacy of the drug in COVID-19 treatment – Japanese doctors are bonding their own studies. A Japanese health ministry source told Japanese newspaper the Manichi Shimbun that the drug so far has been given to around 70 to 80 people, but that early results suggest it isn’t effective in treating those with more severe symptoms where the virus has already multiplied to a much greater extent.

Still, a treatment that is effective in reducing the duration of the presence of the virus even in milder cases, and in lessening the impacts in moderate symptomatic patients, would be a huge benefit to the ongoing fight against the coronavirus. Any approvals for use of favipiravir would, of course, require further clinical testing, followed by approval of widespread use by each country’s relevant medical treatment regulating body.

Other drug treatments have been tested for COVID-19 treatment, and are in the process of development, but no antiviral has yet been approved or created specifically for dealing with the new coronavirus. Other drugs that have shown early promising signs include remadesivir, a compound developed by Gilead Sciences that has shown some promise as a general antiviral.

https://techcrunch.com/2020/03/18/j...navirus-treatment-in-chinese-clinical-trials/
 

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Invoking the Defense Production Act



The Defense Production Act (Pub.L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War.[1] It was part of a broad civil defense and war mobilization effort in the context of the Cold War. Its implementing regulations, the Defense Priorities and Allocation System (DPAS), are located at 15 CFR §§700 to 700.93. Since 1950, the Act has been reauthorized over 50 times.[1] It has been periodically amended and remains in force.[2]

Provisions
The Act contains three major sections. The first authorizes the President to require businesses to sign contracts or fulfill orders deemed necessary for national defense. The second authorizes the President to establish mechanisms (such as regulations, orders or agencies) to allocate materials, services and facilities to promote national defense. The third section authorizes the President to control the civilian economy so that scarce and/or critical materials necessary to the national defense effort are available for defense needs.[3]

The Act also authorizes the President to requisition property, force industry to expand production and the supply of basic resources, impose wage and price controls, settle labor disputes, control consumer and real estate credit, establish contractual priorities, and allocate raw materials towards national defense.[3]

The President's authority to place contracts under the DPA is the part of the Act most often used by the Department of Defense (DOD) since the 1970s. Most of the other functions of the Act are administered by the Office of Strategic Industries and Economic Security (SIES) in the Bureau of Industry and Security in the Department of Commerce.[4]

The Defense Priorities and Allocations System institutes a rating system for contracts and purchase orders.[5] The highest priority is DX, which must be approved by the Secretary of Defense. The next level down is DO, and below that are unrated contracts.
 

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Invoking the Defense Production Act



The Defense Production Act (Pub.L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War.[1] It was part of a broad civil defense and war mobilization effort in the context of the Cold War. Its implementing regulations, the Defense Priorities and Allocation System (DPAS), are located at 15 CFR §§700 to 700.93. Since 1950, the Act has been reauthorized over 50 times.[1] It has been periodically amended and remains in force.[2]

Provisions
The Act contains three major sections. The first authorizes the President to require businesses to sign contracts or fulfill orders deemed necessary for national defense. The second authorizes the President to establish mechanisms (such as regulations, orders or agencies) to allocate materials, services and facilities to promote national defense. The third section authorizes the President to control the civilian economy so that scarce and/or critical materials necessary to the national defense effort are available for defense needs.[3]

The Act also authorizes the President to requisition property, force industry to expand production and the supply of basic resources, impose wage and price controls, settle labor disputes, control consumer and real estate credit, establish contractual priorities, and allocate raw materials towards national defense.[3]

The President's authority to place contracts under the DPA is the part of the Act most often used by the Department of Defense (DOD) since the 1970s. Most of the other functions of the Act are administered by the Office of Strategic Industries and Economic Security (SIES) in the Bureau of Industry and Security in the Department of Commerce.[4]

The Defense Priorities and Allocations System institutes a rating system for contracts and purchase orders.[5] The highest priority is DX, which must be approved by the Secretary of Defense. The next level down is DO, and below that are unrated contracts.
Smart move to get drugs and precursor chemicals made here along with medical equipment.
 

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I'm a doctor at Nebraska Medicine. Here's what I'm telling my family about COVID-19.
  • Daniel W. Johnson M.D., Nebraska Medicine
  • Mar 18, 2020 Updated 8 hrs ago

This is an email from Nebraska Medicine critical care anesthesiologist Dan Johnson, MD, to his friends and family about the seriousness of COVID-19. It is shared with permission from Dr. Johnson.

Dear Family,

The COVID-19 pandemic will be a challenge to the USA unlike any we have experienced in our lifetime. For the last several weeks, I have been involved in multiple meetings each day where I get to hear the thoughts of experts in the field of pandemics, specifically about this pandemic, and what we need to do.

If anyone hears from family or friends who think this is “no big deal,” or that the USA’s response has been excessive, please know that they are very wrong. I’m sure you have all read about the many reasons that this is NOT “just like flu.” The numbers of infected, worldwide and in the USA, are extreme underestimates (because many infected have not been tested). The best metric to use, right now, is talking with hospital workers in the hotbeds, and asking them what their situation is.

I have been in communication with a friend who is a critical care physician from the Lombardy region of Italy. The health care workers there are living in a nightmare, having to decide who lives and who dies from lack of oxygen because their health care system is overwhelmed.

In the USA, we have three pathways for COVID-19:

The country views this challenge like WWI and WWII, and almost everyone does the right things, and we will be harmed but okay.
Many people do the right things, and many don’t, and we will have the same struggles that Italy is enduring.

People blow this disease off as no big deal, and our health care system (and life as we know it) will be crippled.

You have all probably seen the concept of “flatten the curve.” If we fail to flatten the curve, and we fail to eliminate the portion of yellow above that line, there will be dire consequences:

More people, including some of our friends and family, will die.

Health care workers like me, Rachel, and several of you are at higher risk of dying.

All health care workers will have to witness the needless deaths of patients who could have survived.

In the SARS-1 outbreak, critical care doctors and nurses in Asia and Canada acquired life-long PTSD from watching patients gasp for air and die because they did not have enough ventilators. SARS-1 was nothing compared to COVID-19. If we do not flatten the curve, Rachel, Bridget, and I will have to witness many of these types of deaths.

In the absence of a vaccine or an anti-viral in the immediate future, our best chance to avoid overwhelming our hospitals is non-pharmaceutical interventions. The two best ways to do that are (1) social distancing, and (2) excellent hygiene.

Please check out these simulations from the Washington Post, and share this article.

The best ways for you to achieve social distancing are pretty simple:

You and your kids should stay home. This includes not going to church, not going to the gym, not going anywhere.

Do not travel for enjoyment until this is done. Do not travel for work unless your work truly requires it.

Avoid groups of people. Not just crowds, groups. Just be around your immediate family. I think kids should just play with siblings at this point – no play dates, etc.

When you must leave your home (to get groceries, to go to work), maintain a distance of six feet from people. REALLY stay away from people with a cough or who look sick.

When you do get groceries, etc., buy twice as much as you normally do so that you can go to the store half as often. Use hand sanitizer immediately after your transaction, and immediately after you unload the groceries.

I’m not saying people should not go to work. Just don’t leave the house for anything unnecessary, and if you can work from home, do it.

Everyone on this email, besides Mom and Dad, are at low risk for severe disease if/when they contract COVID-19. While this is great, that is not the main point. When young, well people fail to do social distancing and hygiene, they pick up the virus and transmit it to older people who are at higher risk for critical illness or death. So everyone needs to stay home. Even young people.

Tell every person over 60, and every person with significant medical conditions, to avoid being around people. Please do not have your kids visit their grandparents if you can avoid it. FaceTime them.

Our nation is the strongest one in the world. We have been through other extreme challenges and succeeded many times before. We WILL return to normal life. Please take these measures now to flatten the curve, so that we can avoid catastrophe.

Love,
Dan
 

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Invoking the Defense Production Act



The Defense Production Act (Pub.L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War.[1] It was part of a broad civil defense and war mobilization effort in the context of the Cold War. Its implementing regulations, the Defense Priorities and Allocation System (DPAS), are located at 15 CFR §§700 to 700.93. Since 1950, the Act has been reauthorized over 50 times.[1] It has been periodically amended and remains in force.[2]

Provisions
The Act contains three major sections. The first authorizes the President to require businesses to sign contracts or fulfill orders deemed necessary for national defense. The second authorizes the President to establish mechanisms (such as regulations, orders or agencies) to allocate materials, services and facilities to promote national defense. The third section authorizes the President to control the civilian economy so that scarce and/or critical materials necessary to the national defense effort are available for defense needs.[3]

The Act also authorizes the President to requisition property, force industry to expand production and the supply of basic resources, impose wage and price controls, settle labor disputes, control consumer and real estate credit, establish contractual priorities, and allocate raw materials towards national defense.[3]

The President's authority to place contracts under the DPA is the part of the Act most often used by the Department of Defense (DOD) since the 1970s. Most of the other functions of the Act are administered by the Office of Strategic Industries and Economic Security (SIES) in the Bureau of Industry and Security in the Department of Commerce.[4]

The Defense Priorities and Allocations System institutes a rating system for contracts and purchase orders.[5] The highest priority is DX, which must be approved by the Secretary of Defense. The next level down is DO, and below that are unrated contracts.
Sounds as if he can institute communism.