Socio-Economics History Blog

Socio-Economics & History Commentary

Alan Watt: The Illuminati Are Making Their Move!!

  • The Illuminati elite are driving the world towards a 1 World Government, Financial System, Health Authority, 1 World Central Bank, 1 World Army, 1 World Currency….
     
  • Is this swine flu outbreak just a practice run for the Big One in the future?

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May 2, 2009 Posted by | Medicine & Health | , , | 3 Comments

Alex Jones: Swine Flu Prior Knowledge

May 2, 2009 Posted by | Medicine & Health | , | Comments Off on Alex Jones: Swine Flu Prior Knowledge

Drug Companies Responsible for Swine Flu Outbreak?

May 2, 2009 Posted by | Medicine & Health | , | Comments Off on Drug Companies Responsible for Swine Flu Outbreak?

Swine Flu, Tamiflu and A Pandemic of Fear? Cui Bono?

  • At the heart of this flu outbreak: It’s all about the Money. All about Mammon. WantToKnow.info reports:
      
    CDC Recommends Tamiflu, Researchers Have Reservations
     
    The CDC recommends Tamiflu for prevention and treatment of swine flu, as they did with the avian flu several years ago. Yet at the height of the avian flu scare, European researchers conducted a review of numerous studies of of anti-viral medications, which was then published in the prestigious medical journal Lancet on Jan. 19, 2006.
    According to this review of 51 randomized controlled trials, Tamiflu was useless against the avian flu and many other flus. Contrary to the CDC, their recommendation was not to use Tamiflu. What about now?
     
    Swine Flu: A Pandemic of Fear
    Intense media coverage of the swine flu has driven a pandemic wave of fear across our nation and world. Following the CDC’s recommendations, people with a cough or a cold are staying home from work, some paralyzed by fear that they might die in the impending pandemic being predicted by newspapers and TV news programs around the world. Yet what or who is really behind the swine flu and this pandemic of fear? And why is the CDC recommending Tamiflu for prevention and treatment when it’s use with avian and other flus has been found to be ineffective in numerous studies? And most important, what can we do about it?
     
    The
    CDC website states, “CDC recommends the use of oseltamivir or zanamivir for the treatment and/or prevention of infection with these swine influenza viruses.” Oseltamivir is Tamiflu, the same drug recommended for the avian flu only a few years ago. Yet Tamiflu has been shown numerous times to be ineffective against avian flu, which in case you haven’t noticed, never came close to being a pandemic. Excerpts from a Dec. 4, 2005 Times of London article on the experience of a top avian flu expert are revealing:
     
    A Vietnamese doctor who has treated dozens of victims of avian flu claims the drug being stockpiled around the world to combat a pandemic is ‘useless’ against the virus. Dr Nguyen Tuong Van runs the intensive care unit at the Centre for Tropical Diseases in Hanoi and has treated 41 victims of H5N1. Van followed World Health Organisation (WHO) guidelines and gave her patients Tamiflu, but concluded it had no effect. Roche, the company that makes Tamiflu, has sold stockpiles of the drug to 40 countries and insists there is clear evidence it will protect against a future flu virus. However, it stresses the drug must be given within 48 hours to be effective. The WHO admitted Tamiflu had not been widely successful in humans.
     
    At the height of the avian flu scare, European researchers conducted a review of numerous studies of anti-viral medications, which was then published in the prestigious medical journal Lancet on Jan. 19, 2006. According to this reviewof 51 randomized controlled trials, Tamiflu was useless against the avian flu and many other flus. As reported in Time magazine and the Wall Street Journal, the study’s authors found no “credible evidence” that Tamiflu works against avian flu. Contrary to the CDC, their recommendation was not to use Tamiflu.
     
    As the media was spreading fear about the avian flu around the world, the CDC came out with the Tamiflu recommendation, yet provided little evidence of its effectiveness. Only later was the recommendation seriously questioned. How could the CDC be so confident in its recommendation without significant research? How can health officials claim Tamiflu is effective with any certainty now, when the current rash of swine flu cases were discovered such a short time ago?
     
    Tamiflu: Resistant Strains, Side Effects, and Expiration Date
    Using the avian flu again as a point of reference and caution,
    CBS and Associated Press reported on Dec. 12, 2005 that some avian flu victims died after developing resistance to Tamiflu:
     
    In a development health experts are calling alarming, two bird flu patients in Vietnam died after developing resistance to Tamiflu, the key drug that governments are stockpiling in case of a large-scale outbreak. The experts said the deaths were disturbing because the two girls had received early and aggressive treatment with Tamiflu and had gotten the recommended doses.
     
    And then there were the deaths not from the flu or drug resistant strains, but from the side effects of Tamiflu. According to a report in Australia’s respected Sydney Morning Herald on March 1, 2007, there were 18 juvenile fatalities linked to side effects of Tamiflu in 17 months. And though the U.S. media largely failed to report it, Japan banned Tamiflu for teenagers that same month. According the the official Tamiflu website, “people with the flu, particularly children and adolescents, may be at an increased risk of self injury and confusion shortly after taking Tamiflu and should be closely monitored for signs of unusual behavior.”
     
    Yet governments spent billions of dollars stockpiling Tamiflu even after all this information was reported. According to a Feb. 2, 2007
    New York Times report, the U.S. government at the time was creating a $1.4 billion stockpile of Tamiflu, while admitting that “it is useful only when taken within the first 48 hours, and Tamiflu-resistant strains of the flu have already been found in Vietnam and in Egypt.” That’s $1.4 billion tax dollars being spent on a drug of questionable effectiveness. Other countries cumulatively also spent massive amounts on the drug.
     
    According to the pharmaceutical company which owns
    exclusive distribution rights to the drug, Roche Laboratories, Tamiflu’s shelf life is 48 months, so all the medications stockpiled may eventually be useless. How many hundreds of millions of dollars will go to waste? How much more money will flow into the coffers of the major pharmaceuticals as a result of the current scare? And why are so few questioning the recommendation of Tamiflu to prevent and treat swine flu when conclusive studies have not been carried out?
     
    Pharmaceutical Stocks Soar
    As a result of all the fear built up around the avian flu a few years ago, stock prices for Roche and Gilead Sciences, the pharmaceutical company which
    developed Tamiflu, soared when the drug was recommended by the government as the best treatment. And few know that Donald Rumsfeld was chairman of the board of directors of Gilead from 1997 until 2001, when he was appointed U.S. Secretary of Defense.
     
    Gilead stock increased so much that Britain’s respected daily newspaper The Independent
    reported on March 12, 2006 that Rumsfeld alone “made more than $5m (£2.9m) in capital gains from selling shares in the biotechnology firm that discovered and developed Tamiflu. $5 million is a nice little profit on one drug. The article further points out that Tamiflu is “the drug being bought in massive amounts by Governments to treat a possible human pandemic of [avian flu].” Here are other key excerpts from that revealing article on Tamiflu:
     
    The drug was developed by a Californian biotech company, Gilead Sciences. Mr Rumsfeld was on the board of Gilead from 1988 to 2001, and was its chairman from 1997. He then left to join the Bush administration, but retained a huge shareholding. The 2005 report showed that, in all, he owned shares worth up to $95.9m, from which he got an income of up to $13m. The firm made a loss in 2003, the year before concern about bird flu started. Then revenues from Tamiflu almost quadrupled [in 2004], to $44.6m, helping put the company well into the black. Sales almost quadrupled again, to $161.6m last year [2005].
     
    The massive stockpiles of Tamiflu built up by governments around the world to combat the impending avian flu pandemic were never needed. The pandemic never came close to happening. As reported by the WHO on April 23, 2009, the total number of confirmed deaths worldwide due to avian flu since 2003 was 257. For comparison, the CDC estimates that influenza alone causes over 36,000 deaths every year in the United States. Yet look at all the profits generated by the massive amount of fear spread through the media for the pandemic that never happened.
     
    In the current swine flu scare, Gilead, Roche, and the politicians invested in them are gifted with another major opportunity to fleece the public as their stocks soar and governments again move to stockpile this drug of questionable effectiveness. How much can we trust government when huge profits are at stake? How much influence do the lobbyists of the huge pharmaceuticals have over our elected representatives? And is there a possibility that the government might even have had a hand in the creation of both the
    avian flu and swine flu? These are questions that warrant media and public attention as this current wave of fear spreads.
     
    Regarding pharmaceutical lobbyists, a 2007
    CBS News article states, “Congressmen are outnumbered two to one by lobbyists for an industry that spends roughly a $100 million a year in campaign contributions and lobbying expenses to protect its profits.”
     
    Dr. Marcia Angell, the
    former editor in chief of the prestigious New England Journal of Medicine, has stated, “Over the past two decades the pharmaceutical industry has moved very far from its original high purpose of discovering and producing useful new drugs. Now primarily a marketing machine to sell drugs of dubious benefit, this industry uses its wealth and power to co-opt every institution that might stand in its way, including the US Congress, the FDA, academic medical centers, and the medical profession itself.” Dr. Angell has penned a scathing essay on the widespread corruption in medicine which should be required reading for all citizens.
     
    Profiting from Fear
    A surprisingly inspiring,
    well researched article of only two pages on the respected WantToKnow.info website shows how fear is used by certain wealthy, elite groups to manipulate public perception and rake in the profits. Along similar lines, a revealing 2006 article in the Christian Science Monitor questions the pandemic of fear created by government and media in relation to the avian flu:
     
    Americans consider the United States to be a country where debate flourishes. Yet with regard to avian flu, hyped sound bites predominate. When President Bush asked Congress for $7.1 billion toward “pandemic flu preparedness,” even his critics replied “not enough.” What is lacking in the overall discussion about pandemic flu is disagreement, criticism, and skepticism – once the bedrock of science – from researchers willing to question and test the data. There are better ways to promote America’s health than selling sickness through the language of fear.
     
    Even in the middle of the avian flu scare, some experts claimed that the flu was not a threat and was being used as hype. As one newspaper prophetically commented in late 2005, “Dr. Marc Siegel, a practicing internist and associate professor of medicine at the New York University School of Medicine … isn’t buying into the scare scenario. ‘If anything is contagious right now, it’s judgment clouded by fear,’Siegel said.” Even a New York Times article questioned all the fear hype. And now, is the swine flu much different just a few years later? In a most excellent article on the current swine flu crisis, popular health analyst Dr. Joseph Mercola states:
     
    This isn’t the first time the public has been warned about swine flu. The last time was in 1976, right before I entered medical school. I remember it very clearly. It resulted in a massive swine flu vaccine campaign. Within a few months, claims totaling $1.3 billion had been filed by victims who had suffered paralysis from the vaccine. The vaccine was also blamed for 25 deaths. However, several hundred people developed crippling Guillain-Barré Syndrome after they were injected with the swine flu vaccine. Even healthy 20-year-olds ended up as paraplegics. And the swine flu pandemic itself? It never materialized.
     
    For a list of excellent recommendations on how to protect yourself from the swine flu without dangerous drugs and vaccinations, see the list at the end of Dr. Mercola’s highly informative article, which has received over 700,000 views in the first three days it was posted.

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May 2, 2009 Posted by | Medicine & Health | , | 1 Comment

Senator Mark Kirk: China has ‘Canceled US Credit Card’

  • The rumblings of a major economic collapse continue. This is not unlike observing earthquakes, major earthquakes are always preceded by earth ‘rumblings’. This should be taken as an indication that America is heading towards cataclysmic economic collapse.
     
  • AFP reports :
      
    China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday.
     
    China has the world’s largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country. But Treasury Department data shows that investors in China have sharply curtailed their purchases of bonds in January and February.
     
    Representative Mark Kirk, a member of the House Appropriations Committee and co-chair of a group of lawmakers promoting relations with Beijing, said China had “very legitimate” concerns about its investments.
     
    “It would appear, quietly and with deference and politeness, that China has canceled America’s credit card,” Kirk told the Committee of 100, a Chinese-American group. “I’m not sure too many people on Capitol Hill realize that this is now happening,” he said.
     
    The Republican lawmaker said that China was justified in concerns about returns from finance giants Fannie Mae and Freddie Mac, which were bailed out by the US government due to the financial crisis. Kirk said he was the first member of Congress to tour the Bureau of Public Debt, which trades bonds, and was alarmed at how much debt was being bought by the US Federal Reserve due to absence of foreign investors.
     
    “There will come a time where the lack of Chinese participation may have a significant impact,” Kirk said. “We should track that, because up until last month they were the number one provider of currency to the United States and now they’re gone.”
     
    With China’s economyalso hit by the global economic crisis, Premier Wen Jiabao has openly voiced concern about the status of his country’s investments in the United States. 

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May 2, 2009 Posted by | Economics | , , , | 1 Comment

US Treasury Bond Debt Bubble Bursting!

  • The amount of debt that is being thrown into the treasury bond market is startling. Something has got to give way. My feeling is: the USD will go down the drain. It will be a non linear event, a sudden collapse. The FedRes can print any amount of USD out of thin air for Quantitative Easing. But they cannot guarantee that it will be worth anything.
     
  • Mike Larson gives good advice and analysis:
     
    You’d think that after the dot-com bubble … the housing bubble … and the bubbles in commercial real estate and private equity, investors would have learned their lesson. Nope! They did the same stupid things this fall … 
     
    They chased long-term Treasury prices higher and higher (just like they chased Miami condos and Pets.com),
     
    • They drove prices to loftier and loftier levels,
    • And they relied on the Fed to save their bacon.
     
    And now, they’re getting their heads handed to them! Long bond futures have plunged a whopping 20 points — from 143 in mid-December to less than 123 yesterday. The yield on the benchmark 10-year Treasury Note has exploded from a fall low of 2.06 percent to 3.11 percent this week — a gain of 51 percent. Key technical levels are giving way all over the place.
      ….
    As I said in
    early December:
     
    “The truth is the U.S. government is going to have to flood the market with a wave of Treasuries the likes of which the world has never seen. And just like any other market, the bond market reacts to supply and demand.Too much supply and not enough demand should drive prices lower.”
     
    “Bottom line: There are lots of reasons to believe this Treasury rally is unsustainable, and that a day of reckoning is fast approaching.”
     
    Now, let’s talk about why this is happening … where we’re headed next … and what the implications are for you and your investments.
     
    The Biggest Debt Binge
    In World History
    The immediate catalyst for this week’s bond market break? The Fed’s refusal to increase the amount of Treasuries it has committed to buy. The Fed said at a policy meeting several weeks ago that it would purchase up to $300 billion in Treasuries, and it didn’t alter that target at this Wednesday’s gathering.
     
    But I believe the problem is MUCH bigger. For starters, as I mentioned in my Money and Markets column last week, the Federal Reserve has been backing up the truck and buying every crappy piece of paper it can get its hands on. Lousy residential mortgages. Crummy commercial real estate loans. Toxic CDOs, credit card bonds, student loans — the Fed is buying or loaning money against anything and everything!
     
    I warned that at some point, this would be viewed as bearish for the dollar. I also said it would only add to worries about the perceived credit quality of the U.S. itself. We’re starting to see the dollar get clubbed now and clearly, U.S. debt is getting trashed.
     
    It’s not just the Fed, either. The U.S. Treasury is doing its part, too. Indeed, we’re borrowing and spending the country into oblivion! This week alone, Treasury sold a record $26 billion in seven-year notes, a record $35 billion in five-year notes, and $40 billion of two-year notes. Next week, we’ll get a record $71 billion in longer-term debt issuance.
     
    Total net borrowing needs for the second quarter are now up to $361 billion. That’s
    up 27-fold from $13 billion a year earlier and more than double the previous estimate of $165 billion.
     
    We just learned the Treasury will start selling 30-year bonds every month, as opposed to eight times a year. And speculation is running rampant that the U.S. will soon start auctioning off 50-year bonds! All this issuance is needed to fund a federal budget deficit that’s projected to hit at least $1.75 trillion this year and $1.2 trillion in fiscal 2010.
     
    The Implications For You …
    First, I’ve implored you to dump long-term bonds for several months now. If you followed that advice, you saved yourself a world of hurt. The average long-term government bond fund has already lost 11.2 percent in value this year, according to Morningstar, and we still have eight months to go!
     
    Credit spread tightening has helped diversified, long-term bond funds perform better. But even they’re showing year-to-date losses, on average.
     
    My advice remains the same: Get the heck out of the LONG-TERM part of the bond market while you can. Stick with SHORT-TERM Treasury bills. They are not subject to the same price risk and credit concerns as longer-term notes and bonds.

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May 2, 2009 Posted by | Economics | , , , | Comments Off on US Treasury Bond Debt Bubble Bursting!