Wednesday, August 24, 2022

Beliefs and Doubts

It should be clear by any objective measure today that much of the advice and guidance given by the public health authorities about Covid was wrong.

The list is long.

The use of masks.

The lockdowns and shutdowns.

School closures.

The effectiveness of the vaccines.

Vaccine mandates.

Recommended treatment protocols such as the use of ventilators and Remdisivir.

The censorship of opposing views which were labeled "misinformation".

What was particularly egregious was the fact that the public health authorities claimed that "science" supported everything they told us to do.

We were told they were "following the science".

However, it seems that science only matters today if it is the science you agree with.

Of course, scientific facts are not debatable. They are settled and irrefutable.

The results are reproducible time after time with no exceptions

A scientific fact is the law of gravity, the boiling point of water or the distance to the moon. 

That is why we often hear statements about the "consensus" of scientists today when it comes to many "scientific issues". 

Of course, "consensus" is not the same as facts. And consensus is not a scientific fact. 

Over two years into the Covid pandemic, I see more questions being asked as to how so many people could have been misled?

Why were there not more people who questioned what they were told?

How could so many people blindly accept things as true when they were actually untrue?

Malcom Gladwell is one of my favorite authors.


Malcom Gladwell
Credit: CBS News


His books often delve into the unexpected implications of research in sociology, psychology and other social sciences as it applies to real world experience and events.

I recently finished reading Gladwell's sixth book, "Talking to Strangers" .





Although written before the pandemic ( published in 2019), I think it provides excellent insights into why so many people were misled by the authorities.

Gladwell's core thesis in the book is that most humans are very bad at assessing the truthfulness, intentions and motivations of people they don't some into contact every day---strangers. 

In fact, that skill can also be sadly lacking as applied to those we know well.

Gladwell believes this is curious in that you would think that being able to read people correctly would be a core trait that humans would need to survive over the millennia. It would seem logical that those with the best skills in doing so would survive and those who did not would perish. 

Evolution should have favored those who could read strangers the best about whether someone else was deceiving them.

However, that is not the case.

A wide range of scientific research shows that people are notoriously bad on being able to tell who is lying to them and who is telling them the truth.

This applies to even those whose job it is to be good at separating those who are telling the truth versus peddling a lie--- police interrogators, judges who make bail and judicial decisions, etc.

Why is that?

Gladwell cites research that indicates that most people default to truth in interactions with others.

In other words, our operating assumption is that the people we are dealing with are telling us the truth.

That is the human default position that we start from.

This is how Gladwell describes it on p.74 of the book.


We start by believing. And we stop believing only when our doubts and misgivings rise to the point where we can no longer explain them away.


As a general rule, "defaulting to truth" serves society well. It would be difficult to function as a society if everyone questioned everything. We take it as a matter of faith that most people are honest and trustworthy.

Of course, in the case of Covid, it was just not anyone you were getting the guidance and direction from.

You were being told "the truth" by the AUTHORITIES.

I previously wrote about the strong influence of authority as it applied to Covid in a blog post in March, 2021.

 

We are trained from birth to listen and defer to authority. As a result, we believe that obedience to authority is correct behavior and disobedience is wrong.

As human beings we generally have a deep-seated sense of duty to authority. Parents, teachers, coaches, the police, bosses at work, doctors and elected officials are just some of the authorities we have been taught to listen to and show obedience to.

Authority is one of the six key principles that have been identified as having the most effect in influencing someone else's behavior according to Dr. Robert Cialdini who has spent most of his life studying influence and persuasion.


There is no better example of how strong the influence of authority is than in seeing how people quickly conformed to behaving exactly as they were told when it came to Covid compliance.

This is how I described the influence of authority in our Covid world in that March, 2021 blog post.


Authority has been used to influence people's behavior to degrees than most would have thought inconceivable a year ago.

That authority has dictated new norms of behavior that almost everyone has been obedient to.

Social distancing. Mandatory masking. School closures. Economic lockdowns.

People were obedient. After all, the "experts" told us what to do and they were the "authorities".

Who am I to question Dr. Fauci in his white lab coat or the state's public health director, the governor or the President of the United States?

However, as we sit here today, were they really "experts" when it came to this? Did they really have the knowledge and the decision skills to be trustworthy?

Did they have their own agenda? Were there other motivations at play?


Is it any wonder that so many BELIEVED what they were told?

They defaulted to what they believed was the TRUTH from people that they believed they could TRUST.

By now, most people have to have some DOUBTS about what they were told about Covid.

So much that people were told has been proven to be untrue

"You will not get or transmit Covid if you get these vaccines."

"It is a pandemic of the unvaccinated."

"The vaccines are really, really good against variants."

If that alone has not created doubts, seeing your double vaccinated friends (or yourself) catch the virus should have had that effect.

However, we have not yet reached a TIPPING POINT (another Gladwell book) where enough doubts are present in enough people to tip the scales completely on what the public at large believes about Covid policy and the vaccines in particular.

Gladwell says that belief is not the absence of doubt. You believe someone until those doubts accumulate to the point that they no longer can be ignored or explained away.

It is also more difficult to not default to truth (believe what you are told) when forced to choose between two alternatives, one of which is likely and the other which is impossible to imagine.

Why would they be mandating these vaccines if they were not safe and effective and the right thing to do?

It is impossible to imagine they would have done that unless it was absolutely necessary.

It is just hard to imagine that they would have mandated the firing of nurses, forced highly-trained pilots out of the armed services and required toddlers to wear masks unless it was absolutely clear they knew these things would stop the pandemic.

Have doubts increased among the populace of what they have been told?

Undoubtedly.

For example, less than half of the people who have beeb fully vaccinated (two doses) have rolled up their sleeves to receive a booster dose.



That is over 100 million displays of doubt.

You see the same thing in the numbers of children under age 5 that have not been vaccinated.

Less than 5% of children under age 5 have received any Covid vaccine despite the shots being available for over two months and having been heavily promoted by public health authorities and the American Academy of Pediatrics.

More doubts.

Will we reach a tipping point?

I have serious doubts.

It is not easy to get beyond one's beliefs.

It is even harder when you not only believed what you were told but you injected something into your body based on that belief.

The natural human reaction to any doubt is to explain it away and default to what you believe to be the truth.

Why have some already passed the tipping point?

I think that is a function of their level of doubts about the Covid narrative from the beginning.

If you start with a higher level of doubt it does not take as many new doubts to reach the tipping point.

If you have been a long time reader of BeeLine you know that I had significant doubts about our Covid response shortly after the "15 days to slow the spread" had come and gone.

Too much did not add up when I looked at the models, the data and what I saw to be the enormous economic and human dislocations taking place as early as April, 2020.

The economic lockdowns, school closures and all the rest were quickly put in place. Several months later the mask mandates followed. 15 days to slow the spread had soon turned into 365 days to slow the spread at human and financial costs that were incalculable.

None of it made sense especially when viewed against the responses during other pandemic periods of human history like the Spanish flu.

My doubts increased as time went by as I analyzed more data and facts that did not support the narrative promoted by the authorities

We are now 900 days into our Covid response. 

I wrote this in that same blog post in March, 2021 just as the vaccines were starting to be heavily pushed on the general population.

I explained the doubts I had about what we had been told and raised further questions about how much we should rely on what we were being told about the vaccines.


Did these authorities really know what they were doing? Were they trustworthy looking back from our perspective today one year later?
Those same experts and authorities are now aggressively promoting a vaccination program to slow the spread.

We are told that the vaccines are safe.

We are told that the vaccines are 95% effective.

However, is that really the case?

Do they really know? Do you really know if that is trustworthy advice?

I hope it is. However, I don't know that it is at this point. Despite what they tell you, the authorities don't truly know either. There is no way they could know right now. These vaccines have just not gone through the testing and trials that are normally done.


Notice that I asked the question then as to how trustworthy the authorities were and asked questions that those authorities should have been asking of the Pharma companies at that time as well as of themselves?

Were the vaccines as effective as we were being told?

Were they safe?

How do they know?

How do we really know?

As time has gone by and the facts have been revealed, the questions I posed do not look like they were misplaced. 

My doubts ultimately crossed the tipping point and became distrust.

That belief may ultimately be challenged by new doubts that go the other way.

However, it will only come through facts, data and real science.

I am not taking anyone's word for it.

Neither should anyone else at this point.

It applies to Covid as well as other interactions where you might be disposed to "default to truth" or when dealing with the attestations of strangers.

If you feel doubt or something doesn't seem to add up, don't just dismiss it. Step back and think about those doubts more deeply. Investigate more thoroughly and ask yourself if you are defaulting when you should be deliberating more fully about your beliefs.

I will leave you with the same advice I offered in March, 2021.

Keep these rules in mind.

Beware the influence of authority.

Know that you are predisposed to do what authority figures tell you to do. It is the way we are all built.

However, do the "authorities" know what they are doing? Can you trust them?

How good has their record been in the past?

The biggest thing I hear from people today is they do not know who or what to believe.

Do your own research. No one has your best interests in mind better than you.

My objective is to give you some facts and perspectives you may not see from other sources.

I wish I knew all the answers. I don't. 

I do know that most people should be asking a lot more questions of the authorities than they are.

Be willing to suspend your beliefs in the face of doubts.

On the subject of Covid policy, that time should have already arrived for most if they have been paying attention.


Friday, August 19, 2022

I Didn't Eat The Cupcake...Or Vote To Send The IRS To Audit You

It seems that humans are born with an innate ability to lie even when caught redhanded.

Who hasn't confronted a young child when a cupcake is missing and ever got a straight answer about who ate it?

It doesn't matter even if the icing is smeared all of over their face.

A video about a young boy who was questioned about a cupcake by his father went viral in 2015 to such a degree that ABC News did a story on it.



https://abcnews.go.com/Lifestyle/boy-denies-eating-cupcake-icing-face/story?id=34583512


One little boy is going viral for getting caught red-handed, or rather blue icing-faced, by his daddy.

“Did you eat a cupcake?,” the adorable boy’s dad asks him in the YouTube video.

“No!” Jack, the tiny toddler, quickly replies.

“You sure you didn’t eat a cupcake?,” Jack’s persistent dad asks again.

“No, I wasn’t at home,” the equally insistent little guy replies.

“Hmm…I thought for sure you maybe had a cupcake,” the father tries one last time, obviously referring to his son’s blue icing smeared all over his face and mouth.

You’ve got to hand it to Jack. He really says “no” with conviction. And who could get angry at that face?

“They were giving out free blue cupcakes in honor of the New York Giants,” the video, which has more than 215,000 views since Oct. 17, describes in the caption.



We should expect better from our elected representatives and other authorities but it is no different.

They are caught red-handed but refuse to admit the truth.

We are seeing exactly that in the aftermath of the $80 billion funding to hire an additional 87,000 IRS personnel.

There has been considerable blowback from the this provision in the "Inflation Reduction Act" and the Democrats are working hard to cover their tracks with the help of the mainstream media.

I have seen a stream of stories that have attempted to obscure, hide or deny the truth.

One example is the new narrative circulating that attempts to argue that most of those new IRS employees will merely be hired due to attrition over the next 10 years.


That is the theme of a story from Time.

Source: https://time.com/6204928/irs-87000-agents-factcheck-biden/

According to a Treasury Department official, the funds would cover a wide range of positions including IT technicians and taxpayer services support staff, as well as experienced auditors who would be largely tasked with cracking down on corporate and high-income tax evaders.

“It is wholly inaccurate to describe any of these resources as being about increasing audit scrutiny of the middle class or small businesses,” Natasha Sarin, a counselor for tax policy and implementation at the Treasury Department, tells TIME.

At the same time, more than half of the agency’s current employees are eligible for retirement and are expected to leave the agency within the next five years. “There’s a big wave of attrition that’s coming and a lot of these resources are just about filling those positions,” says Sarin, an economist who has studied tax avoidance extensively and who was tapped by the Biden administration to beef up the IRS’s auditing power.

In all, the IRS might net roughly 20,000 to 30,000 more employees from the new funding, enough to restore the tax-collecting agency’s staff to where it was roughly a decade ago.


The problem with this explanation is that the legislation gives the IRS additional funds compared to what it has now.

The IRS would not need additional budget authority to replace current positions. It already has that funding.

The legislation makes clear that the new money appropriated is for additional resources.


Source: https://twitter.com/kerpen/status/1560307379274764288


You will notice in the Time article it also states that it is inaccurate to say that the additional resources will be used to increase audit scrutiny of the middle class or small businesses.

However, almost 60% of the money in the law was specifically mentioned as being for ENFORCEMENT.


Source: https://twitter.com/kerpen/status/1560307565971611650/photo/1


Almost the entire reason for the increased funding for the IRS in the bill was premised on the fact that there were a lot of tax revenues that could be collected by increased enforcement and compliance efforts by the IRS.

In fact, of the $676 billion in gross revenue raised by the law over the next ten years, over $200 billion in additional collections is expected to brought in through increased IRS audit and enforcement activities.

Since the law was passed, almost every Democrat has gotten in front of a microphone and said that any additional audits and tax revenues were going to come solely from those making more than $400,000 per year and those big, rich corporations.

For example, Secretary of Treasury Janet Yellen has specifically  claimed that the new IRS funds won't be used for increased tax audits for those under $400k in income.


Source: https://news.bloombergtax.com/daily-tax-report/yellen-new-irs-funds-wont-boost-audits-for-those-under-400k


Really?

Where is the estimated potential tax revenue that could be collected with more IRS audits going to come from?

It seems that the greatest opportunity for the IRS to collect more money is from those making less than $100,000 according to their own data.

The following chart is from a report that the Congressional Joint Committee on Taxation produced that was prepared to answer the question as to where the biggest income levels were where the IRS might find unreported income.


Source: https://www.finance.senate.gov/imo/media/doc/irs_enforcement_jct_analysis.pdf
 

The IRS wants to collect more tax revenues from those who are underreporting their taxes.

75% of the opportunity comes from taxpayers who file tax returns reporting less than $100,000.

Most of it involves small businesses that are operated as sole proprietorships or partnerships.

Are they really going to ignore their own data?

It is interesting as well that Senator Mike Crapo of Idaho proposed an amendment to the bill that would have specifically made it clear in the law that audits of those under $400,000 would not be increased due to this new law.

Every Democrat voted against the amendment as it failed to be adopted.

What does that tell you?







I have also heard that the additional IRS funding is really directed at improving customer service.

It is true that that some of the money is supposed to be spent on customer service.

A grand total of 4% of the additional funding. (see the chart above).

So much for the customer service argument.

Finally, The Washington Post ran an op-ed defending the additional IRS funding arguing that its return processing is so antiquated that it is only reasonable to provide this money to improve technology.

The op-ed included an image of the IRS Service Center cafeteria in Austin, TX filled with boxes of tax returns,




Yes, the IRS is in need of modernization. 

However, refer to the distribution of funds in the chart above once again.

Only 6% is targeted for systems modernization.

Further, when technology is deployed you would expect that would result in the need for fewer paper shuffling processors. 

Employment should come down, not go up by 87,000.

Of course, new computers and processing technology do not require wages or union dues.

Could it be that the following factoid might also have something to do with why the Democrats are eager to add 87,000 new employees to the IRS?


Source: https://www.atr.org/irs-union-gives-100-of-pac-spending-to-democrats/


I am sure it is just a coincidence.

Just like it was a coincidence that the Democrats started insisting that the additional IRS funding had nothing to do with the IRS coming to audit you at the same moment that all of this was disclosed as being  a part of that "Inflation Reduction Act."

A 3-year with icing smeared on their face does not understand how easy it is to reveal their lie.

How is it that our elected representatives (and the media) don't understand this?

Why can't they just admit the truth?

They want to spend more money.

They know they can't raise taxes on the middle class because Biden said over and over he wouldn't.

However, they need $200 billion of tax revenues to make the numbers work in their climate change  inflation reduction bill.

The solution---give the IRS more money and more agents and get it from audit enforcement.

Then hope nobody will notice.

It was noticed.

And traces of the tell-tale "IRS audit" icing that gives away their lies is evident everywhere you look.

Just look above for starters.

Wednesday, August 17, 2022

Things That Make You Go Hmmm-August 17, 2022 Edition

I assess a great amount of information each week. I read and survey a number of general, economic and political news sites in addition to opinion and commentary materials.

The items that catch my attention are the outlier facts that often go against the standard reporting or narrative of the day. What I am most interested in are the facts that point away from what you might have been told, or what you may think, to be true.

My biggest goal in writing BeeLine is putting things in context. As I often write in these pages, context is everything when assessing anything. In the news bite era we live in today, context is often no where to be found. I try to provide it when I write about a subject.

Coming into contact with so much material I often find I don't have the time to go deeper with a factoid I have discovered. Sometimes not much else needs to be said. The factoid itself says enough.

Here are a few such items that I have seen recently that make me go Hmmmm.

Perhaps you will as well.

Electricity Rates in Europe

It could be a cold and dark winter in Europe as things now stand.

Forward-looking electricity rates per Megawatt hour in France are up 1,000% due to the Ukraine war where half of the nuclear reactors are also shut down for maintenance issues due to the discovery of cracked pipes.


Source: https://twitter.com/JavierBlas/status/1557675782486597633


The Federal Reserve and Interest Rates

We hear that the Fed is aggressively moving to contain inflation by raising interest rates.

Compared to previous periods of inflation it is almost as if the Fed has done nothing thus far.


Source: https://twitter.com/NorthmanTrader/status/1559496612426162180/photo/1


Is the Fed so boxed-in with the massive money printing is has done that it can't really raise interest rates significantly without bringing the entire house of cards down?

The Fed owns $9 trillion in federal securities (printed money) from its quantitative easing program.

The Fed say that they are going to unwind this through a quantitative tightening program.

At the rate it is tightening so far, it is going to take a long, long, long time.


Source: https://twitter.com/NorthmanTrader/status/1559496916626456576/photo/1


Interest Rates and Homebuyers

It seems that high home prices and higher interest rates may be having an effect on the number of prospective buyers looking for a new house.

The good news is that it is not as bad as the first few months of the Covid pandemic...yet.


Credit: https://twitter.com/LizAnnSonders/status/1559479886288457728


Starbucks on Mail-In Voting---Then and Now

Starbucks was a huge advocate and supporter of mail-in voting in the 2020 general election.

They even developed an app to help employees vote by mail.


Source: https://www.krmsradio.com/starbucks-to-use-app-to-help-employees-vote-by-mail/


However, Starbucks is now asking that the National Labor Relations Board suspend mail-in voting regarding elections nationwide that involve attempts to unionize its employees.

Starbucks is concerned about misconduct in the mail-in balloting and wants future elections to be "in-person".


Source: https://www.cnbc.com/amp/2022/08/15/starbucks-asks-labor-board-to-suspend-mail-in-ballot-union-elections-alleging-misconduct-in-voting-process.html


Who would have thought?


Covid Strikes Again

Jill Biden and Albert Boula (Pfizer's CEO) both announced this week that they have contracted Covid-19.

Both Mrs. Biden and Bourla were double-vaccinated and double-boosted.

Bourla is also on the record as stating that Pfizer's Covid vaccine was 100% effective in its South African clinical trials in April, 2021. 



It was stated to be 95% effective in the U.S. trials.

Both are now being treated with a course of Pfizer's Paxlovid drug that is supposed to limit the chances of severe disease or hospitalization from Covid.

To recap.

They both got two doses of the Covid vaccine because it was supposed to be 95%-100% effective at preventing disease.

When that proved untrue the narrative was later amended to claim that the vaccines were not really meant to prevent disease but to keep Covid from becoming severe so that hospitalization was not required.

They then each took two more booster doses to prevent severe disease.

They still both got Covid.

Now they are taking another Pfizer drug after being infected (Paxlovid) to prevent the severe disease we were told the vaccines were for.

Paxlovid is supposed to be 88% effective in reducing severe disease, hospitalizations and deaths from Covid.

Source: https://www.scripps.org/news_items/7436-should-i-take-paxlovid-if-i-get-covid-19

Of course,  Joe Biden and Tony Fauci, who were also double vaccinated and double boosted, also just recently recovered from bouts with Covid.

Four shots to prevent a disease and now another drug to stop the infection from becoming severe which, at a minimum, is what the four shots were supposed to do in the first place?

Do I have this right?

And to top it off, Joe Biden and Tony Fauci ended up with a second Covid rebound case after taking Paxlovid.

It is very confusing keeping everything straight when it comes to Covid.


How Times Have Changed

This man was billed as the "world's fattest man" at a circus side show in 1890.


Source: https://twitter.com/asIiceofhistory/status/1557076735077666816


People paid to see him.

Now you can see sights like this almost everywhere you go.

How about this colorized image of Daytona Beach, Florida in 1904 as well?


Source: https://twitter.com/syeda12857880/status/1554524186877407232/photo/1


How times have changed.

Monday, August 15, 2022

How Effective Have They Been?

The Pfizer/BioNTech Covid-19 Phase 3 clinical trial study concluded with this statement when the results were released to the public on November 18, 2020.

Primary efficacy analysis demonstrates BNT162b2 to be 95% effective against COVID-19 beginning 28 days after the first dose.

The vaccine was stated to be 95% effective against COVID-19.

Note that Pfizer/BioNTech did not state that it was 95% effective in reducing symptoms, preventing serious disease, hospitalization of death.

The statement was simply that is was 95% effective against COVID-19 beginning 28 days after the first dose.

43,661 individuals were in the study. 

Moderna reported similar results for its COVID-19 vaccine in the final Phase 3 trial.

The mRNA-1273 vaccine showed 94.1% efficacy at preventing Covid-19 illness, including severe disease. Aside from transient local and systemic reactions, no safety concerns were identified.

94% effective in preventing Covid-19 illness, including severe disease.

Over 30,000 volunteers participated in the Moderna trial.

Based on these studies, the FDA granted emergency use authorization for both vaccines to be administered in the United States.

Those authorizations were provided for the vaccines based on the fact that they would prevent COVID-19 disease.

This is taken directly from the FDA Review Memorandum for the Pfizer vaccine issued on December 11, 2020. The Moderna vaccine had identical wording for its intended use.



Source: https://www.fda.gov/media/144416/download


Since the vaccines were authorized, over 12 billion doses have been administered around the world.

In the United States, over 600 million doses of the vaccines have been administered.

67% (223 million) of every man, woman and child in the nation are fully vaccinated.

Over 100 million have received at least one booster dose.


Source: https://covid.cdc.gov/covid-data-tracker/#vaccinations_vacc-people-additional-dose-totalpophg


Based on the representations made by the Pharma companies and the FDA,  Covid cases should have plummeted as vaccinations were rolled out.

For example, this is a graph of polio cases in the United States before and after the polio vaccine was rolled out in 1955.


Source: https://medicalxpress.com/news/2020-09-lessons-polio-vaccine-lab-americans.html


Compare that to what the experience has been with Covid since the vaccines were initially distributed beginning December 15, 2020.

This chart of cumulative cases shows a steady increase after the vaccines were introduced.




There have been 85% more Covid cases per month on an average basis nationally since the vaccines were introduced compared to the pre-vaccine period.

It can be argued that this is not a completely fair comparison because it takes awhile for the vaccine rollout to gain scale. 

Many would argue that hospitalizations and deaths should also be considered, not cases alone.

I recently undertook to analyze these three dimensions of Covid in my home state of Ohio comparing the one year period of July 1, 2020 to June 30, 2021 to the following one year period.

I considered the former year to be the pre-vaccination base period. Vaccinations were occurring throughout this period  but a substantial percentage of the population was fully vaccinated by June 30, 2021---six months after the vaccines were first made available.

The post-vaccination period was July 1, 2021 to June 30, 2022.

Comparing these two periods should give a fair assessment of just how effective the vaccines have been.

Ohio has a population of almost 12 million making the sample size of my study considerably larger than the 75,000 who participated in the Pfizer and Moderna clinical trials. My study looked at two years. The Pfizer and Moderna trials only lasted two months.

These are the results for the "pre-vaccination" period July 1, 2020 to June 30, 2021 as reported on the Ohio Covid Dashboard.


Source: https://coronavirus.ohio.gov/dashboards


These are the results for the "post-vaccination" period from July 1, 2021 to June 30, 2022.



Source: https://coronavirus.ohio.gov/dashboards


Cases, hospitalizations and deaths were all higher in the post-vaccination period than in the pre-vaccination period.

There were actually 65% more cases in the year in the post-vaccination period than in the pre-vaccination period.

How can you look at this data and conclude the vaccines have been effective?




However, that is exactly what we continue to hear.

For example, the argument is made that despite the 65% increase in cases that the vaccines were still effective in limiting hospitalizations and deaths.

It is true that hospitalizations and deaths have not increased in concert with cases over the last year. However, it is unclear if that is due to the vaccines or the fact that most of the increases in cases were due to the Omicron variant which seems to be much less virulent.

I wrote about data from Africa (where only about 20% are fully vaccinated and less than 3% have taken a booster dose) in an earlier blog post that showed that the death rate from Omicron has not moved in conjunction with the case rate despite the low vaccination rate on that continent.




In the first three waves, deaths mirrored cases but this relationship began to fall apart with Omicron BA 1/2 and has completely disconnected with Omicron BA 4/5.

This suggests the lower death rates from Omicron around the world has more to do with the virus than any significant protection from the vaccines.

The vaccines may have some marginal benefit against serious disease and death but the data suggests that it is far less than what was promised at the outset. That benefit must also be balanced against any risks in taking the vaccine.

The bigger point is that we were promised vaccines that were 94% or 95% effective at preventing Covid disease.

That was how the vaccines were promoted.

That was the basis upon which it was argued that the transmission of the disease would be curtailed.

That was the basis upon which mandates were instituted.

That was the basis upon which people were fired from their jobs if they were unwilling to take the vaccine.

That was the basis upon which students could not attend college if they did not get vaccinated.

That was the basis upon which unvaccinated people were barred from restaurants, cruise ships, concerts and other aspects of life.

It appears that the CDC is even beginning to recognize the obvious.

It modified its guidance last week that makes no distinction between those who are vaccinated and unvaccinated.




The obvious question is why it has taken so long to recognize the obvious when the data (and BeeLine) have been pointing this out for a very long time?

How effective has the CDC been in all of this?

How effective has the FDA been?

How effective has Dr. Tony Fauci been?

After all that we have seen, Fauci is still not willing to admit that there might be the slightest chance that the advice he has been giving on the vaccines might be wrong.

After being double vaccinated and double boosted, Fauci, who just infected with Covid in June (and had a rebound case after taking Paxlovid) has this advice for Americans.


Source: https://www.yahoo.com/video/fauci-stark-warning-those-covid-120836969.html


Coincidentally, the same thing happened to double vaccinated, double boosted Joe Biden a couple of weeks later.

The problem is that the people who should be in trouble don't seem to have the slightest feeling of guilt or remorse for their ineffectiveness and what they have done to the lives of tens of millions of people over the last two years.

Is there any question that the public health establishment has caused greater damage to mankind in its response to Covid that anyone else in human history short of causing a World War?

At this point, pivots in policy and even apologies are small comfort.

Who is going to be held accountable for the incompetence, inanity and intransigence that led us here?




Friday, August 12, 2022

Memo to Nancy Pelosi

Memo to Nancy Pelosi.

It is no longer necessary for the House to vote on the "Inflation Reduction Act".

Joe Biden stated yesterday that inflation was zero percent.


Source: https://twitter.com/disclosetv/status/1557372364173746179


If inflation is at zero percent why do we need an "Inflation Reduction Act"?

Shouldn't Biden get on the phone right away to Nancy Pelosi and tell her not to worry about voting on that bill and focus on something else?

One suggestion might be controlling the Southern Border.

Or the FBI.

Of course, inflation is not at 0%.

Wednesday's CPI report indicated that consumer prices were up 8.5% in the last 12 months.

The zero percent just indicated that prices between June and July had not gotten any worse overall.

At 8.5%, we are still seeing the third highest annual inflation rate in any month in the last 40 years (last month was higher at 9.1%).


Source: https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm


The flat increase from June, 2022 to July, 2022 only came about because energy costs went down and offset price increases in almost everything else.

Energy costs declined by 4.6% for the month (led by declines in gasoline and fuel oil prices).

However, food was +1.1% for the month (+13.2% annualized rate), electricity was +1.6% in July (+19.2% annualized) and new vehicles were +.6% (+7.2% annualized).

Despite the monthly decline in energy costs in July, energy is still +32.9% and food is +10.9% over the last 12 months.




Here is a sampling of the price increases for a range of other items in the CPI report.



These inflation numbers still only include a mere 5.7% increase in the cost of Shelter over the last year.

How can shelter (which makes up 1/3 of the CPI index) be only +5.7% when housing and rent prices have been going through the roof?

Rents are actually +12.4% over the last year in the U.S.

The house price index is +19.7%.



The CPI shelter number is 5.7% while actual costs are at least two times higher due to the fact that the  calculation for shelter in the CPI is only done semi-annually and totally ignores the actual cost of housing. It is based solely on a survey of what home owners say they would be willing to rent their house for as well as a survey of what renters say they are paying (referred to as Owners' Equivalent Rent (OER).)

However, since that survey question is only asked twice per year it is totally inadequate to reflect actual costs in a period where prices are increasing quickly.

Considering the fact that shelter is the largest component in the index (33% of the total) it is clear that actual inflation is much higher than what is being reported right now.

When (IF the bureaucrats don't cheat) the shelter number catches up we will undoubtedly see higher inflation pressures based solely on that number even if some of the other components begin to stabilize over time.

This chart by Mike Shedlock shows how far the Shelter component in the CPI has become disconnected from the reality of house prices in times of rapid increases (2003-2007) and (2015-2022).


Source: https://mishtalk.com/economics/how-the-hell-can-the-fed-find-neutral-when-it-doesnt-know-what-inflation-is?utm_source=substack&utm_medium=email


To further show you how far out of touch that Shelter number is in the CPI calculation consider the fact that the median monthly rent in the U.S. is now over $2,000/per month.


Source: Bloomberg News

Look at the annual rent inflation seen in a sampling of major U.S. cities over the year ended in May.

CPI is only using 5.7% in its inflation calculation for shelter?




Any realistic Shelter number would put the CPI increase at well over 10% year over year.

Zero percent inflation?

We can only wish.

However, as I wrote several months ago, the CPI will decline at some point unless prices literally keep climbing month after month.

At some point, we should see some moderation in the index if for no other reason than the base index gets higher with each succeeding month. However, prices are only going to return to what they were a year ago  if we have actual deflation.


At some point the CPI number will come down. That doesn't mean current prices are going to go down.

If gas prices are the same next year that would be a 0% increase in the CPI index. Keep in mind the CPI is only measuring price changes over the last year. The base the CPI is being measured against is getting larger every month for the inflation that started just over a year ago.

Looking at the data I would expect inflation to remain at least 8% through September assuming there is not a total meltdown of the economy that will drastically cut demand pressures. 

Last October is when inflation really starting taking off which is going to provide higher base numbers in the CPI calculation for 2022.


I am sticking to the prediction I made in June on CPI that the annual inflation number is unlikely to see much improvement until Fall.

If we do see the annual CPI number drop below 8% in September or October that will be good news for Democrats heading into the mid-terms who will be quick to claim that it was all due to passing the "Inflation Reduction Act". 

You can count on that.

You can also count on the fact that Nancy Pelosi is going to ignore my memo. 

However, if a trip to the grocery store has not shown you already, we are a long way from zero inflation right now. 

Wednesday, August 10, 2022

You Come At The King, You Best Not Miss

I have no idea if there was any justification for the pre-dawn FBI raid of Donald Trump's Mar-a-Lago home in Palm Beach, Florida on Monday.

That is sad in itself.

It used to be that if the FBI was involved ,and a federal judge had signed a search warrant that there was probable cause for this most intrusive of law enforcement measures, you could believe it was legitimate.

Unfortunately, that is no longer the case.

That is particularly true when it involves Donald J. Trump.

The visceral hatred of Trump is so intense that there seems to be no boundaries to the lengths that the Deep State will go to prevent him from becoming President of the United States once again.

We have already witnessed the false Russian collusion allegations that were largely based on fake stories planted by the Hillary campaign and were then used by the FBI (signed off by a federal judge) as justification to wiretap the Trump campaign and associates under FISA rules.

We now know the FBI was complicit in the fake collusion narrative compounded by biased media reporting.

We have already seen two trumped up (sorry, the term fits here) impeachment efforts on the flimsiest of allegations.

We have seen the FBI and DOJ throw the book at anyone in close proximity to the U.S. Capitol on January 6 but do almost nothing about anyone who ransacked and burned up dozens of cities in the summer of 2020 in the so-called Black Lives Matter protests.

We have also seen reams of evidence suggesting that federal crimes were probably committed by Hillary Clinton and Hunter Biden.

Hillary bleached bit and hammered her hard drives to death. It was shown she had scores of classified documents on her personal computer but was given a pass by the FBI.

Hunter Biden was protected by dozens of national security experts and the media which claimed that the crimes in plain sight on his laptop were all Russian disinformation.


Source: https://www.politico.com/news/2020/10/19/hunter-biden-story-russian-disinfo-430276


We now know the only disinformation was from those so-called intelligence experts.


Source: https://mronline.org/2022/03/19/the-nyt-now-admits-the-biden-laptop-falsely-called-russian-disinformation-is-authentic/


Lois Lerner and the IRS were specifically targeting conservative advocacy groups in the Obama years and Lerner walked away with a full pension and retirement benefits.

Diane Feinstein employed a Communist Chinese agent as her personal driver for 20 years. 

Eric Swalwell, had an affair with a suspected Communist Chinese agent but he still sits on the House Select Committee on Intelligence. 

Sandy Berger, who was a close political ally of Bill and and Hillary Clinton, stuffed classified documents in his pants and socks from the National Archives after he had left his federal position, lied to federal agents about it, and ultimately was charged and pleaded guilty to a minor misdemeanor charge. 

Did the FBI get search warrants to raid any of these Democrat homes at 5am?

No.

However, this seems to have been common place for anyone associated with Trump...and now extends to Trump himself.

Does anyone see a double standard at play here?

Of course, what is truly unprecedented here is this raid involved a former President of the United States.

This also involves the individual who poses the most significant threat to the Democrats retaining the White House in 2024.

Trump leads Biden in almost every 2024 poll right now.


Credit: https://twitter.com/EndWokeness/status/1557123734623887360/photo/1


There has not been anything remotely close to this overreach in American history.

This feels more like the Soviet Union, North Korea or a banana republic where political rivals are just dispensed with by putting them in jail as "enemies of the people".

All I can say is the Department of Justice and FBI better have an ironclad case that Donald Trump did something beyond taking a few White House scratch pads with him when he left (the rumor is that the raid involved an accusation that Trump may have violated "The Presidential Records Act").

Even former Democrat Governor Andrew Cuomo of New York was skeptical when he heard about the raid.


“DOJ must immediately explain the reason for its raid & it must be more than a search for inconsequential archives or it will be viewed as a political tactic and undermine any future credible investigation.”


It makes me wonder why the Deep State and Washington Establishment are so deathly afraid of Donald Trump returning to the White House?

What are they really afraid of?

All of this feels driven by a sense of desperation and panic.

We are told that Trump is a threat to our rights, our freedoms, national, economic and individual security and peace in the world.

However, I have to say I felt a whole lot better about my rights, my freedoms, my security and peace in the world in the four years that Trump was President than I have over the last two years. Those polls of voters suggest it is the same for millions of other Americans.

Over a year ago I wrote a blog post, "Trump 2024?"  in which I predicted that the Democrats and mainstream media would do everything in their power to find something on Trump that would hurt his political brand and destroy the trust that his supporters have in him.


There is little question that the Democrats are going to turn over every rock and throw everything they can at Trump and his family the next few years.  They clearly live in fear of the man. They may get something that sticks and get people to believe that it is more than political retribution. If they do, Trump will not be viable in 2024 as his political brand will be permanently damaged. Once you lose trust you don't get it back.


That is what both impeachments were about.

That is what the January 6th hearings are about.

That is what this FBI raid and what comes out of it are also about.

This brings to mind this famous quote that seems so appropriate right now.

"You come at the king, you best not miss."

The danger to the Democrats is that if they come at Trump and miss he will only get stronger with his supporters.

This only plays into everything Trump has been saying about the Deep State, the Swamp and the media.

Turnabout is also fair play.

Trump much better understands how the game in Washington is played now as compared to when he first took office in 2017.

If they come for Trump and miss, the Democrats and the Washington Establishment will have every reason to be in desperation and panic.

In the final analysis, the people of the United States will make the final judgment about Donald Trump and the Democrats.They will be the judge and jury more than any court of law.

If Trump has truly done something wrong he will pay a price. As I wrote above, if he broke the trust with the American people he will not get it back.

However, if this is another political witch hunt in which they come for Trump and miss in spectacular fashion, the Democrats and the Washington Establishment will have every reason to be in desperation and panic.

Donald Trump, backed by the American people a second time, should strike a fear in the Washington establishment that would undoubtedly also be unprecedented.

"You come at the king, you best not miss."

Indeed.