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Posts Tagged ‘Lockdown’

15-Minute City Insanity Is Only ‘Climate Change’ Lockdown Madness – LewRockwell

Posted by M. C. on December 12, 2022

Oxfordshire County in the U.K. is moving very fast to set up the first complete 15-minute city scam, and has announced a full “TRIAL” for January 2024. This is simply a climate lockdown trial meant to prepare the citizenry for continuous lockdowns, or more accurately, a minor existence in incarceration centers. Keep in mind that the plot to control the world depends on concentrating populations into smaller centers, with exhaustive technological measures of government regulation and authority that will require complete and total surveillance of all.

https://www.lewrockwell.com/2022/12/gary-d-barnett/15-minute-city-insanity-is-only-climate-change-lockdown-madness/

“We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.”

~ Ayn Rand

While the masses continue to happily accept any and every tiny bit of ‘permission’ to have a miniscule amount of ‘freedom,’ all at the whim of the rulers, the drive toward more ‘climate change’ lockdown policy and societal regulation and total control are going forward quickly and without restriction. The candy offered to the herd in the form of temporary lifting of draconian mandates is meant only to satisfy the short-term longing of the proletariat so as to gain future compliance and obedience from the sheep in order for the state to create a true slave society. One of the  linchpins of this plot is to concentrate the population into so-called ‘smart’ cities, with 15 minute zones, where no travel outside this time frame is allowed without very restrictive monitoring. This is true insanity sold in the form of convenience, safety, and the bogus claim of protecting the earth.

Preparation, trials, and implementation of these atrocious prison-system cities are fully underway, and are being planned and sold as a public ‘good,’ an atrocious and deceptive lie. As I write this, 15-minute cities are being actively planned in Saudi, Arabia called “The Line,” Dubai, UAE, Oxford, U.K., Australia in Melbourne and Brisbane, in Spain in Barcelona, Buenos Aries, and even in Portland, Oregon in the Fascist U.S. While most have been asleep and basking in ignorance believing that totalitarianism has lessened, the master technocratic plot has never slowed. For those who are feeling left out, worry not, as a 15 minute prison system will soon be in a city or town near you.

Oxfordshire County in the U.K. is moving very fast to set up the first complete 15-minute city scam, and has announced a full “TRIAL” for January 2024. This is simply a climate lockdown trial meant to prepare the citizenry for continuous lockdowns, or more accurately, a minor existence in incarceration centers. Keep in mind that the plot to control the world depends on concentrating populations into smaller centers, with exhaustive technological measures of government regulation and authority that will require complete and total surveillance of all. This will be based on the ‘climate change’ lie, and world domination depends on a controlled, digital monetary system, that is also being structured by the central banking systems worldwide, and privately run by the ruling class. This is the same deep state that controls all government. Once the centralized bank digital currencies become reality, all freedom will end. The idea and implementation of controlled digital currencies is anathema to all liberty, and is mandatory for state control.

Once again I must mention the “big picture,”  as everything going on from ‘virus lies,’ ‘variants,’ staged wars, ‘climate change,’ CBDCs, 15-minute cities, transgender nonsense, fake racism, bioweapon injections, and a myriad of current and future control scenarios, are all meant to accomplish but one thing, and therefore, they are all linked, and all part of the singular agenda of total technocratic control of all people on earth. This is exactly what the ‘great reset, the new one world government, and the monetary takeover are all about. Regardless of which particular plot is the news item of the day, it is simply all meant to achieve but one end. Do not disregard all of the minor plots, but recognize that the single plot desired is to control you and all on earth, and nothing less.

The case addressed here can be summed up with one statement coming from the World Economic Forum (WEF) weforum.org on March 15, 2022.

“As climate change and global conflict cause shocks and stresses at faster intervals and increased severity, the 15-minute city will become even more critical.”

This single statement connects the entire fake ‘climate change’, and Ukraine (all war) scenarios and agendas as reasoning to lockdown the world. Make no mistake, this is the plan that is and has been in high gear for decades, but especially so since the bogus ‘covid’ lockdown terror levied at the hands of the state in 2020.

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Inflation Makes People Poorer (And It’s the Government’s Fault)

Posted by M. C. on August 17, 2022

Therefore, the poorest are the ones who actually pay for the government. It is precisely because of governments that the poor and the lower middle class, in most cases, don’t get richer. It is the government that perpetuate poverty, precisely to justify their existence by pretending to help the poorer. After all, if there were no monetary inflation created by governments, prices would tend to decrease as the productivity of the economy rose and the standard of living would rise.

  • burden

https://mises.org/wire/inflation-makes-people-poorer-and-its-governments-fault

André Marques

The Consumer Price Index (CPI) in the US was 9.1 percent in June. Taking into account that the government lies about inflation, it is better to consider Shadow Government Statistics’ CPI (based on the 1980s CPI methodology), which was (as of July 13) about 17 percent.

The government claims that this high CPI is due to Russia’s invasion of Ukraine (you could argue that, one of the reasons is the sanctions on Russia’s economy, which don’t do much to harm to the Russian government and hurts ordinary people both inside and outside Russia). But this is just an excuse for the government to not admit the blame. It is clear the war has an influence on the CPI, as it eliminates the supply of various goods and services, which ends up increasing prices. However, the CPI has been going up since February 2021.

The 2020 and 2021 lockdowns (and the followed supply shocks) were also a big factor, but the real reason prices are going up is the inflation (monetary expansion) created by the US government both in 2020 and 2021.

Yes, supply shocks cause increases in SOME prices in the economy, but not a general increase in the prices of goods and services. If there is a supply shock of certain goods (making their prices higher), but the money supply does not change, there will be a new equilibrium of supply and demand for the various goods and services in the economy (since the money supply is the same and individuals will have to change the allocation of their budget, so the prices of the goods that will have a lower demand will decrease).

Once the supply shock of these goods ended, their supply would increase, and their prices would decrease (changing the equilibrium of supply and demand once again). Only an increase in money in circulation can make ALL (or almost all) prices in the economy rise simultaneously, as the value of money decreases and more units of currency are needed to pay for goods and services.

Inflation (the expansion of the money supply) and the consequent increase in prices is a disguised tax. The US government increased its spending and its budget deficit. So, it issued more debt securities, which were mostly purchased by the Federal Reserve (Fed) through an increase in the monetary base (M0). Then, the government spent the newly created money, increasing the amount of money in circulation in the economy (M1 and M2), which tends to make prices higher.

See the rest here

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Ugly Covid Lies

Posted by M. C. on July 27, 2022

Birx knew that locking a country down in response to a virus was a radical move that would never be endorsed. So, as she admits in her new book, she lied about it.

“I knew these vaccines were not going to protect against infection,” she told Fox.

https://mailchi.mp/ronpaulinstitute/covidlies?e=4e0de347c8

July 26 – After two years of unprecedented government tyranny in the name of fighting a virus, the prime instigators of this infamy are walking free, writing books, and openly pretending they never said the things they clearly said over and over.

Take Trump’s White House Covid response coordinator Deborah Birx, for example. She was, as the Brownstone Institute’s Jeffrey Tucker points out in a recent article, the principal architect of the disastrous “lockdown” policy that destroyed more lives than Covid itself. Birx knew that locking a country down in response to a virus was a radical move that would never be endorsed. So, as she admits in her new book, she lied about it.

She sold the White House on the out-of-thin-air “fifteen days to slow the spread” all the while knowing there was no evidence it would do any such thing. As she wrote in her new book, Silent Invasion, “I didn’t have the numbers in front of me yet to make the case for extending it longer, but I had two weeks to get them.”

She was playing for time with no evidence. As it turns out, she was also destroying the lives of millions of Americans. The hysteria she created led to countless businesses destroyed, countless suicides, major depressions, drug and alcohol addictions. It led to countless deaths due to delays in treatment for other diseases. It may turn out to be the most deadly mistake in medical history.

As she revealed in her book, she actually wanted to isolate every single person in the United States! Writing about how many people would be allowed to gather, she said: “If I pushed for zero (which was actually what I wanted and what was required), this would have been interpreted as a ‘lockdown’—the perception we were all working so hard to avoid.”

She wanted to prevent even two people from meeting. How is it possible that someone like this came to gain so much power over our lives? One virus and we suddenly become Communist China?

Last week in a Fox News interview she again revealed the extent of her treachery. After months of relentlessly demanding that all Americans get the Covid shots, she revealed that the “vaccines” were not vaccines at all!

“I knew these vaccines were not going to protect against infection,” she told Fox. “And I think we overplayed the vaccines. And it made people then worry that it’s not going to protect against severe disease and hospitalization.”

So when did she know this? Did she know it when she told ABC in late 2020 that “this is one of the most highly-effective vaccines we have in our infectious disease arsenal. And so that’s why I’m very enthusiastic about the vaccine”?

If she knew all along that the “vaccines” were not vaccines, why didn’t she tell us? Because, as she admits in her book, she believes it’s just fine to lie to people in order to get them to do what she wants.

She admits that she employed “subterfuge” against her boss – President Donald Trump – to implement Covid policies he opposed. So it should be no surprise that she lied to the American people about the efficacy of the Covid shots.

The big question now, after what appears to be a tsunami of vaccine-related injuries, is will anyone be forced to pay for the lies and subterfuge? Will anyone be held to account for the lives lost for the arrogance of the Birxes and Faucis of the world?



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Copyright © 2022 by Ron Paul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.

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Tomas Pueyo, lockdown thinkfluencer, issues edict on the Ukraine

Posted by M. C. on March 16, 2022

Believe me when I tell you that the climatists, the Ukrainists, the Covidians, the mass migrationists, and the antiracists are all expressions of the same malign force.

eugyppius

The western borg is not a place. It’s a state of mind. As it expands across the world, it aims to rob other places of their placehood too, and assimilate them to the same shallow diffuse global consumerist project. The western borg likes to conceive of itself as post-national and post-political. Its values, in its own conception, exist on a higher plane, like religious or philosophical truths. They are about “freedom” and “democracy” and “peace” and “human rights.” Yet people in the West do not have much voice in government, they are not free, the western borg instigates wars across the world, and western assimilated governments do not care about anybody’s rights.

These are just the words with which the western borg seeks to disguise its imperialist, autocratic tendencies. Unlike some of you, I prefer to see the actions of the borg as essentially undirected, and the result of internal dynamics. It arises from a lot of separate forces, among them prosperity and technology, the complexity of mass society and its management, and the universal claims of the liberal democratic political tradition. All of its ideological obsessions and propaganda narratives either further or express its totalising project in some way.

Upcoming: Observations about the ongoing Omicron wave in Europe, a review of Alex Berenson’s Pandemia, and thoughts on whether Corona is truly ending or merely taking a break. I just had to get this out of my system first.

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Is Putin the New Coronavirus?

Posted by M. C. on March 8, 2022

http://ronpaulinstitute.org/archives/featured-articles/2022/march/07/is-putin-the-new-coronavirus/

Written by Ron Paul

President Biden’s “maskless” State of the Union signifies the near-end of the COVID tyranny we have lived under for the past two years. Fortunately for Congress, the President, and the Federal Reserve, the Ukraine-Russia conflict is replacing COVID as a ready-made excuse for their failures and a justification for expanding their power.

Even before politicians began declaring the end of the pandemic, polls showed that rising prices were the people’s top concern – particularly the increase in gas prices. Since Russia is one of the world’s leading energy producers, sanctions imposed on Russia, as well as Germany’s decision (made under pressure from the US) to shut down the Nord Stream 2 pipeline, provide a convenient excuse for rising gas prices. This is the case even though the US, citing the “instability” in world energy markets created by the Russian-Ukraine conflict, has yet to officially ban imports of Russian oil.

The Federal Reserve has been planning several interest rate increases this year, even though some fear that rate increases could decrease growth and increase unemployment. The Russian crisis allows the Fed to either postpone rate increases or blame Russia for any unemployment that accompanies the rate increases. Either way, the Fed can use the crisis to deflect attention away from its responsibility for our economic problems. As of now, it appears the Fed will go through with at least a modest rate increase this month, but because of the Ukraine crisis, the increase will be smaller than previously expected.

The Ukraine crisis also provides an excuse for Congress to do what Congress does best: increase federal spending. President Biden has requested Congress provide an additional $10 billion in emergency military aid to Ukraine. Congress will likely quickly approve the President’s request. This will not likely be the last time Congress rushes billions of “emergency” money to Ukraine.

It is also certain that lobbyists for the military-industrial-complex are already “explaining” to a very receptive Capitol Hill audience why the Ukraine crisis justifies increasing the military budget to “counter the threats” from Russia, China, and whoever else can serve as a convenient boogeyman. It is unlikely there will be much resistance in Congress to a further increase, even though the US already spends more than the combined defense budgets of the next nine biggest spending countries.

Over the past two years, many leading Internet companies did the government’s bidding by “de-platforming” anyone who expressed skepticism of vaccines or promoted alternative treatments — even when they presented evidence to support their claims. These companies are once again helping the government by de-platforming those who question, or are suspected of questioning, the official narrative regarding Ukraine. Yet these companies’ concerns with “fake news” have not led them to stop people from sharing widely debunked stories supporting the US-backed Ukrainian government.

The lockdown and mandates did more harm than the coronavirus itself. They were based on lies promoted by the government and its allies in the “private” sector. Yet too many Americans refuse to even question the US government’s claims regarding the Ukraine crisis or question whether Russia is really responsible for our economic problems as opposed to a spendthrift Congress, successive spendthrift Presidents, and an out-of-control Federal Reserve. The only way to stop authoritarians from using crises like these to grow their power is to make enough people understand a simple truth: authoritarian politicians will always lie to the people to protect and increase their own power.


Copyright © 2022 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.
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Indiana Alex Jones and The Last Conspiracy Theory

Posted by M. C. on January 12, 2022

https://thegoodcitizen.substack.com/p/indiana-alex-jones-and-the-last-conspiracy

Good Citizen

You Must Choose Wisely
We hear a great deal about mass formation and mass psychosis these days. The psychological theories are palatable and familiar enough to be distributed amongst those who can recognize truths, associate them with our two-year nightmare and easily communicate them to others. Free floating anxiety, personal anxiety, isolation, segregation, engineered fear through propaganda for social division and control. These are all interconnected but they require greater examination for comprehending the machinations of our information age, especially the propaganda side of the equation which is really the wellspring of resultant psychological responses. The propaganda of today is not your grandmother’s propaganda.

Here one could dive into the nature of propaganda, its history and all the literary staples of propaganda studies, but in trying to convince others that what they believe to be true is actually propaganda, this methodology might be as effective as that David Foster Wallace story about fish comprehending what water is. With the ubiquitous nature of propaganda today, a life source for millions of misguided world views and beliefs, a different approach is required.

The most impressive and fascinatingly spectacular thing about propaganda today is the people trapped in its spell believe they are simply and passively engaging art, education, cinema, late night entertainment, online news and information searches and consumption. This is how the powers that be can socially engineer a catatonic state of blissful ignorance and total obedience in millions of people around the world through one series of events. Their lives are constantly controlled. Their impressions and stimuli always carefully managed. Their perception of it all is under the spell that they are freely making choices for information that haven’t already been made for them through behavioral conditioning and predictive engineering.

All of the above is related to the process of passively accepting information, rather than discerningly choosing information.The former is done for you, the latter requires a dedicated effort that results in not being a manipulated ignoramus. I don’t mean to insult you reader but this is a far more profound collective crisis than a virus, and most of the past two years does not happen if the majority out there were not lazy, passive acceptors of information.

Now that the introduction is concluding and your attention spans are fading, the impulse to depart this essay and return to your regularly scheduled programming is going to be too overwhelming soon, if I keep writing you’ll leave, another sentence and you’ll be gone…Let’s play a game!

Only one of these three options below is true. You must accept choose wisely.

A. A novel coronavirus was transmitted at wet market in Wuhan, China through a bat and an intermediary animal before infecting humans. The novel virus was first identified from an outbreak in December 2019, and attempts to contain it there failed, allowing it to spread across the globe. To protect their citizens governments across the west had to lockdown societies to keep the virus from spreading and hospitals from becoming too overwhelmed with patients. In addition to necessary lockdowns, health experts implemented other safety measures to slow the spread of the virus, including masks, social distancing and contact tracing using human and digital surveillance technologies. Thanks to scientific breakthroughs in biotechnology vaccines were quickly developed, tested and approved for mass distribution around the world. The vaccines are safe, effective and necessary to protect the health and safety of citizens, especially the most vulnerable. They should be mandatory for everyone to participate in society to protect the health of everyone else.

B. A coronavirus may have escaped from a laboratory in Wuhan, China in December of 2019, where important research on bat coronaviruses was being conducted. The virus was identified and sequenced by the Chinese government and distributed around the world for companies to begin the process of developing vaccines. Government imposed lockdowns were necessary to keep hospitals from being overwhelmed with patients. Other measures and safeguards were put in place to buy time until the vaccines could be safely tested and then approved for emergency use. Some of these measures were more effective than others but governments and policy makers did the best they could with a rapidly evolving situation. The masks turned out to not be as effective as we were told, and the vaccines not as effective or safe as they initially believed but are still a useful tool in protecting the health and safety of those who want them.

C. A lab engineered coronavirus that was not novel was intentionally released in Wuhan, China in September or October of 2019 during the world military games. The virus is a bioweapon with a deadly spike protein inserted to make it highly transmissible and toxic in humans. As it spread across the globe governments across the west coordinated harmful policies and measures that intentionally did far more harm than good and sold it to the people as necessary for their ‘health and safety’. Early effective treatments were ignored or suppressed, cases manipulated with false positive results, and for the first time in human history ‘harm’ was collectivized to retract civil liberties while the only government ‘cures’ were experimental “vaccines” already in waiting which would be forced on entire populations through human rights violating coercive measures. The entire purpose of all of it was to usher in vaccine passports so governments could have total control over their populations, whose liberties would now be contingent on them doing whatever they were told for “health and safety” and “the common good”.

And only one of these two options below is true. You must accept choose wisely. One will nurture your immunity to engineered fear and the other will nurture your immunity to common sense.

You Must Choose Wisely
We hear a great deal about mass formation and mass psychosis these days. The psychological theories are palatable and familiar enough to be distributed amongst those who can recognize truths, associate them with our two-year nightmare and easily communicate them to others. Free floating anxiety, personal anxiety, isolation, segregation, engineered fear through propaganda for social division and control. These are all interconnected but they require greater examination for comprehending the machinations of our information age, especially the propaganda side of the equation which is really the wellspring of resultant psychological responses. The propaganda of today is not your grandmother’s propaganda.

Here one could dive into the nature of propaganda, its history and all the literary staples of propaganda studies, but in trying to convince others that what they believe to be true is actually propaganda, this methodology might be as effective as that David Foster Wallace story about fish comprehending what water is. With the ubiquitous nature of propaganda today, a life source for millions of misguided world views and beliefs, a different approach is required.

The most impressive and fascinatingly spectacular thing about propaganda today is the people trapped in its spell believe they are simply and passively engaging art, education, cinema, late night entertainment, online news and information searches and consumption. This is how the powers that be can socially engineer a catatonic state of blissful ignorance and total obedience in millions of people around the world through one series of events. Their lives are constantly controlled. Their impressions and stimuli always carefully managed. Their perception of it all is under the spell that they are freely making choices for information that haven’t already been made for them through behavioral conditioning and predictive engineering.

All of the above is related to the process of passively accepting information, rather than discerningly choosing information.The former is done for you, the latter requires a dedicated effort that results in not being a manipulated ignoramus. I don’t mean to insult you reader but this is a far more profound collective crisis than a virus, and most of the past two years does not happen if the majority out there were not lazy, passive acceptors of information.

Now that the introduction is concluding and your attention spans are fading, the impulse to depart this essay and return to your regularly scheduled programming is going to be too overwhelming soon, if I keep writing you’ll leave, another sentence and you’ll be gone…Let’s play a game!

Only one of these three options below is true. You must accept choose wisely.

A. A novel coronavirus was transmitted at wet market in Wuhan, China through a bat and an intermediary animal before infecting humans. The novel virus was first identified from an outbreak in December 2019, and attempts to contain it there failed, allowing it to spread across the globe. To protect their citizens governments across the west had to lockdown societies to keep the virus from spreading and hospitals from becoming too overwhelmed with patients. In addition to necessary lockdowns, health experts implemented other safety measures to slow the spread of the virus, including masks, social distancing and contact tracing using human and digital surveillance technologies. Thanks to scientific breakthroughs in biotechnology vaccines were quickly developed, tested and approved for mass distribution around the world. The vaccines are safe, effective and necessary to protect the health and safety of citizens, especially the most vulnerable. They should be mandatory for everyone to participate in society to protect the health of everyone else.

B. A coronavirus may have escaped from a laboratory in Wuhan, China in December of 2019, where important research on bat coronaviruses was being conducted. The virus was identified and sequenced by the Chinese government and distributed around the world for companies to begin the process of developing vaccines. Government imposed lockdowns were necessary to keep hospitals from being overwhelmed with patients. Other measures and safeguards were put in place to buy time until the vaccines could be safely tested and then approved for emergency use. Some of these measures were more effective than others but governments and policy makers did the best they could with a rapidly evolving situation. The masks turned out to not be as effective as we were told, and the vaccines not as effective or safe as they initially believed but are still a useful tool in protecting the health and safety of those who want them.

C. A lab engineered coronavirus that was not novel was intentionally released in Wuhan, China in September or October of 2019 during the world military games. The virus is a bioweapon with a deadly spike protein inserted to make it highly transmissible and toxic in humans. As it spread across the globe governments across the west coordinated harmful policies and measures that intentionally did far more harm than good and sold it to the people as necessary for their ‘health and safety’. Early effective treatments were ignored or suppressed, cases manipulated with false positive results, and for the first time in human history ‘harm’ was collectivized to retract civil liberties while the only government ‘cures’ were experimental “vaccines” already in waiting which would be forced on entire populations through human rights violating coercive measures. The entire purpose of all of it was to usher in vaccine passports so governments could have total control over their populations, whose liberties would now be contingent on them doing whatever they were told for “health and safety” and “the common good”.

And only one of these two options below is true. You must accept choose wisely. One will nurture your immunity to engineered fear and the other will nurture your immunity to common sense.

See the rest here

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Watch “Austria Freak Out: Lockdown EVERYTHING!” on YouTube

Posted by M. C. on November 20, 2021

Just a day after announcing that the unvaccinated would lose all basic human rights, the Austrian government took it a stage further and ruled that the entire country would lose its basic human rights. Back to a nationwide lockdown to control a covid outbreak that was not controlled last time by a nationwide lockdown. Make sense? Also…as the AP reports, experts are “baffled” that in unvaccinated Africa, where there have been no lockdowns, there are very few covid cases and deaths are a tiny fraction of those in Europe and the US per capita. Finally today: Fauci demands three jabs and Biden’s approval rating continues to freefall.

https://youtu.be/bCGDdaDpgBI

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Watch “Biden Doubles Down: ‘Your Jab Or Your Job!'” on YouTube\

Posted by M. C. on November 5, 2021

Seemingly unaware of the pummeling his party took at the polls this week, President Biden is doubling down on his “mandate” that American workers must take the covid shot or be fired. Lockdown politicians from Seattle to Virginia were tossed out – even almost the lockdown governor of New Jersey – by the same voters Biden has declared war on. Meanwhile, in formerly lockdown Canada Ontario and Quebec announced an end to mandatory vaccines for health workers.

https://youtu.be/QOCbK_Ua0H0

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The Federal Reserve’s Assault on Savers Continues | Mises Wire

Posted by M. C. on November 3, 2021

If the federal government does not protect the American people from the Fed’s reckless monetary policies, which have caused prices to accelerate and have blown up another financial bubble, then the public “could go on strike” and withdraw their money until banks pay us a market rate of interest.

https://mises.org/wire/federal-reserves-assault-savers-continues

Murray Sabrin

The front-page headline in the Wall Street Journal on October 14 says it all, “Inflation Is Back at Highest in over a Decade.” The Labor Department reported that the Consumer Price Index (CPI) increased 5.4 percent from a year ago. This should not have been a surprise to Federal Reserve chairman Jerome Powell and his fellow board members nor to its hundreds of PhD economists who drill into the economic data to forecast the economy.

In 2020, when the US economy imploded under the lockdown orders of the federal government and state governors, the Federal Reserve’s balance sheet exploded from $4.17 trillion in February 2020 to $8.48 trillion in October 2021. In other words, the Federal Reserve bought more than $4 trillion in mortgage-backed securities and US Treasury debt in less than two years. This increase in the Fed’s balance sheet in eighteen months is more than was purchased in the first hundred-plus years of its existence. This unprecedented “money printing” has had enormous consequences for the economy and the American people, not the least of which is accelerating price inflation.

As the new money created by the Fed diffuses throughout the economy prices rise in an uneven fashion. Economic sectors and geographic regions are affected differently depending on how the recipients of the newly received dollars spend them, an observation I identified forty years ago in my doctoral dissertation on the spread of inflation through the economy.

The broad measure of the money supply, M2, consists of cash, checking accounts, savings accounts, small denomination time deposits, and money market funds. M2 increased from $15.4 trillion in February 2020 to nearly $21 trillion dollars in September 2021—nearly a 33 percent increase in liquid assets that the American people have at their disposal to buy goods and services in the marketplace.

Any PhD economist should have been able to conclude that opening up the monetary spigot full blast to “stimulate” because of the lockdowns would raise prices down the road. We are now down that road. Price inflation will probably continue for at least two more years. Once price inflation accelerates as it did in the mid- to late 1960s and then again in the early and late 1970s and early 1980s, it takes “tight money” by the Fed to slay the price inflation dragon. 

Forty years ago was the peak of the double-digit inflation that began in the mid-1970s, when the Federal Reserve inflated the money supply to boost the economy after the 1973–75 deep recession. In addition to the recession, double-digit inflation rocked the US economy. In 1979, to get inflation under control President Jimmy Carter appointed Paul Volcker Fed chairman, who continued his tight money policy after Ronald Reagan was elected in November 1980. The fed funds rate (the rate at which banks borrow from each other overnight, controlled by the Fed) climbed to 22 percent in December 1980. Three-month Treasury bill rates topped out at 16.30 percent in May 1981, while the inflation rate was about 10.00 percent. In short, savers were getting a substantial real rate of return on their T-bills and their money market accounts.

Since the early 1980s the fed funds rate has been dropping, not in a straight line, but more like a staircase. Currently, the fed funds rate is a tad above 0 percent while the inflation rate has clearly accelerated in the past year to more than 5 percent. The interest rate on bank money market accounts is 0.02 percent at my bank. Inasmuch as I have a substantial amount of cash reserves—funds for the proverbial rainy day—I and tens of millions of Americans are losing hundreds of billions of dollars in interest due to the Federal Reserve’s super easy money policies. 

To rectify this highway robbery I propose the Congress pass and President Biden sign the Savers’ Protection Act. The act would state that if the interest rate on savings accounts, money market funds, and other short-term instruments are less than the rate of inflation, savers will deduct the lost savings on their tax return. For example, if someone has $100,000 in a money market fund the account should pay at least the rate of inflation for the year. Today that would be about $5,000. I propose a tax credit of at least 50 percent of the lost interest, $2,500 or more. 

If the federal government does not protect the American people from the Fed’s reckless monetary policies, which have caused prices to accelerate and have blown up another financial bubble, then the public “could go on strike” and withdraw their money until banks pay us a market rate of interest. As every undergraduate business student learns in a corporate finance course, the nominal rate of interest on a risk-free asset, such as a bank account, equals the real rate plus the inflation premium. The American people should earn 7 percent on their savings accounts. I would be content at this time to earn the inflation rate on my money market account.

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Dr. Murray Sabrin retired on July 1, 2020 as Professor of Finance. On January 25th 2021, the Board of Trustees awarded Dr. Sabrin Emeritus status for his scholarship and professional contributions during his 35-year career. His book, Universal Medical Care: From Conception to End-of-Life: The Case for a Single Payer System, calls for the individual or family to be the single payer to restore the doctor-patient relationship. His latest book, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide, was published in October 2021. Sabrin is the author of Tax Free 2000: The Rebirth of American Liberty, a blueprint on how to create a tax-free America in the 21stcentury, and Why the Federal Reserve Sucks: It Causes, Inflation, Recessions, Bubbles and Enriches the One Percent, which is available on Amazon.

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Vaccine Mandates: Who Will Comply, and Why? | Mises Wire

Posted by M. C. on September 23, 2021

The introduction of covid certificates is not, essentially, related to the idea of preventing the spread of the more contagious delta variant, because if they were, another lockdown would very likely be proposed as the solution. In such a case, lockdown would disable both the unvaccinated and the vaccinated (who clearly spread the virus too) from contaminating others. Covid certificates favor vaccinated populations, because they have adhered to desirable behavior during the pandemic. 

https://mises.org/wire/vaccine-mandates-who-will-comply-and-why

Jovana Diković

The presumption of venality, as it is inscribed in new measures against the pandemic, is extremely interesting, at least from an anthropological point of view. The measures implemented over large parts of Europe include, most notably, covid certificates. Elsewhere, in addition to covid certificates there has even been an incentive for games of chance among those who are vaccinated. The purpose of covid certificates is to make the life of the unvaccinated more difficult and hence to exert additional pressure toward vaccination. The main assumption is that if people feel their quality of life is impaired (through an inability to go to restaurants, theaters, to attend or take part in sporting activities, and so on) then this response would be the easiest way out. Surely, they will act as expected and get the vaccine.

Applied to parenting (because what else is the state but one great guardian?), child psychologists advise against this pattern of behavior because children should not be brought up through a system of blackmailing and rewards. They warn that such a system nurtures a bad character, a venal personality incapable of making its own decisions, and more importantly, it creates a person of poor moral traits. With the new anticovid measures, the state (guardian) acts in a retrogressive way and treats mature individuals as if they were children, anticipating that they will react properly for the conditioned reward: if you do not get your vaccine, you cannot go to the restaurant and enjoy your Zürcher Geschnetzeltes.

From a scientific angle, it will be important to trace people’s reactions to the measures imposed. This is critical to learning whether they contribute to an increased rate of vaccination. If yes, this might reveal that early in their childhood people adopted a pattern of blackmail and reward as a key form of communication. Child psychologists perhaps would say that they were wrongly brought up. If not, it may tell us that during their childhood—apart from conditioned reflexes—people developed intuitive moral responses to blackmailing and bribery, and that being true to their principles (no matter how questionable these are) is more important to them than Zürcher Geschnetzeltes or going to the theater.

The introduction of covid certificates is not, essentially, related to the idea of preventing the spread of the more contagious delta variant, because if they were, another lockdown would very likely be proposed as the solution. In such a case, lockdown would disable both the unvaccinated and the vaccinated (who clearly spread the virus too) from contaminating others. Covid certificates favor vaccinated populations, because they have adhered to desirable behavior during the pandemic. Thus, they are rewarded with a permit for things that normally do not require permission, such as going to restaurants, shops, theaters, and so on. 

On the other hand, as the unvaccinated understand the new measures, these are directed toward punishing them. By the way in which the explanations are framed and intoned, many European governments reprimand the unvaccinated, telling them that they will have to bear the costs of testing on their own because states and taxpayers do not have to support their irresponsible behavior any longer.

The new measures are aimed at conditioning those who clearly do not want to get vaccinated, because had they wished to, they would doubtless have gotten vaccinated by now. The introduction of disproportionate measures that put basic quality of life at stake go toward disciplining the unvaccinated. In contrast, lockdowns are a tough but pretty much egalitarian measure that could have continued to follow the pandemic as it develops.

The basic paradox of covid certificates, however, lies in the fact that (as already mentioned) they are not really aimed at preventing the spread of the virus, which neither favors those who have been vaccinated nor those whom the vaccines are intended to protect. If we assume—and such predictions generate additional interesting work for scientists—that the bulk of the unvaccinated, with minimal deviation, are not going to get the vaccine even after the imposition of the measures, then the whole idea of pandemic prevention falls apart. Namely, this makes the fundamental idea of fighting coronavirus meaningless, which is basically built upon the argument that if it is not already possible to eradicate the virus, then at least the possibility of its spread should be minimized. At this point, the idea of lockdown—seen from a purely medical standpoint—is fairer, although in many ways it is controversial in itself.

On August 31, The Guardian published an article entitled “Vaccine passports will make hesitant people ‘even more reluctant to get jabbed,’” which discusses research examining the attitudes of sixteen thousand people in Great Britain, fourteen thousand of whom are not yet vaccinated. In the unvaccinated group, 87 percent expressed the view that they would not change their decision even if covid passports were required. The data also show that there are differences of opinion among the unvaccinated—between those who consider covid passports acceptable only if they are required for international travel, but not for domestic use, and those who reject the idea of covid passports outright.

Covid certificates will be an important social indicator of the foundation of the assumption of venality, and of the sort of pressures under which people deviate or do not deviate from their principles. This will be significant for ethics specialists, because it will offer them clusters of fresh material that can better explain the existing spectrum of moral justifications and reasoning. For anthropologists, it will provide new insights into what kind of society and values are generated and how permanently. For epidemiologists, virologists, and medical workers it may reveal whether the new measures have perpetuated the vicious circle of the pandemic or if they have contributed to the fight against it. Finally, for politicians it may indicate whether society in the long run can be governed by applying the historically problematic concept of segregation—only this time to the vaccinated and the unvaccinated. Author:

Contact Jovana Diković

Dr. Jovana Diković is an economic anthropologist and researcher at the Center for Corporate Responsibility and Sustainability at the University of Zurich. She is also a lecturer at the Universities of Zurich and St. Gallen. Her regional expertise is in the rural Balkans where she investigates how microeconomics, local cultures, values, and ideas skew the course of the state plans for agriculture, rural development, and cooperation. She is particularly interested in understanding how the synergy of local forces reconfigures the institutionalized idea of change. She widely publishes in academic journals and political magazines in Switzerland, the US and Serbia. For more about the work and interests of Dr. Diković visit: here and here.  

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