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Why “Bio-Psy-Op?”: Federal Reserve Analysis Ties 1918 Flu Pandemic to Rise of Nazism

In our ongo­ing series about the Covid-19 out­break and its mul­ti-dimen­sion­al man­i­fes­ta­tions, we have termed it a “bio-psy-op.” An aca­d­e­m­ic paper pro­duced by a Fed­er­al Reserve econ­o­mist posits the socio-polit­i­cal effects of the 1918 flu pan­dem­ic as a fac­tor con­tribut­ing to the rise of Nazism in Ger­many. Cit­ed by numer­ous pub­li­ca­tions, includ­ing “The New York Times,” “Bloomberg News” and “Politi­co,” the study under­scores some of our asser­tions con­cern­ing the fas­cist and extreme right-wing ram­i­fi­ca­tions of the pan­dem­ic. ” . . . . The paper, pub­lished this month and authored by New York Fed econ­o­mist Kris­t­ian Blick­le, exam­ined munic­i­pal spend­ing lev­els and vot­er extrem­ism in Ger­many from the time of the ini­tial influen­za out­break until 1933, and shows that ‘areas which expe­ri­enced a greater rel­a­tive pop­u­la­tion decline’ due to the pan­dem­ic spent ‘less, per capi­ta, on their inhab­i­tants in the fol­low­ing decade.’ . . . The paper’s find­ings are like­ly due to ‘changes in soci­etal pref­er­ences’ fol­low­ing the 1918 out­break, Blick­le argues — sug­gest­ing the influen­za pan­dem­ic . . . may have ‘spurred resent­ment of for­eign­ers among the sur­vivors’ and dri­ven vot­ers to par­ties ‘whose plat­form matched such sen­ti­ments.’ The con­clu­sions come amid fears that the cur­rent coro­n­avirus pan­dem­ic will shake up inter­na­tion­al pol­i­tics and spur extrem­ism around the world. . . .”

Trump’s New Federal Reserve Appointee: Chairman of the National Endowment for Democracy

We have dis­cussed the Nation­al Endow­ment for Democracy–a “kinder, gen­tler” covert action front–in past pro­grams. ” . . . . the NED’s sto­ry speaks for itself: The brain­child of Reagan’s CIA direc­tor Bill Casey, the Nation­al Endow­ment for Democ­racy was set up as an intel­li­gence cutout to sup­port US geopo­lit­i­cal pow­er and under­mine unfriend­ly regimes. One of the NED co-founders, Allen Wein­stein, explained its pur­pose to the Wash­ing­ton Post: ‘A lot of what we do today was done covert­ly 25 years ago by the CIA.’ . . . .” Trump’s lat­est nom­i­nee to the board of the Fed­er­al Reserve Bank, gold bug Dr. Judy Shel­ton (above, right), is the Chair­man of the NED, mak­ing a promi­nent play­er in the covert action milieu a promi­nent play­er in set­ting mon­e­tary and eco­nom­ic pol­i­cy, as well.

FTR #1161 Bio-Psy-Op Apocalypse Now, Part 21: What the Hell Does Dave Emory Mean by Bio-Psy-Op Apocalypse?

Begin­ning with dis­cus­sion of ris­ing dis­trust of Chi­na, the pro­gram notes the role in that ris­ing dis­trust of the coro­n­avirus. First detect­ed in Chi­na, the avail­able evi­dence chron­i­cled in numer­ous pro­grams points to the Covid-19 pan­dem­ic as a bio­log­i­cal war­fare false flag oper­a­tion and provocation–part of the Full Court Press against Chi­na. 

The bulk of the pro­gram con­sists of Mr. Emory read­ing arti­cles from The New York Times pub­lished over the course of the lock­down in the U.S. High­light­ing the stress expe­ri­enced by var­i­ous pop­u­la­tion groups and the behav­ioral and phys­i­o­log­i­cal symp­toms stem­ming from that stress, the articles–covering a peri­od from the spring through fall of 2020–document the man­i­fes­ta­tions of the “bio-psy-op apoc­a­lypse.”

The arti­cles chron­i­cle: Stress on mar­i­tal rela­tion­ships; duress on sex­u­al behav­ior, with New York and Los Ange­les (among oth­er cities) advis­ing peo­ple to mas­tur­bate, rather than engage in sex­u­al encoun­ters with oth­ers; psy­cho­log­i­cal dis­lo­ca­tion of chil­dren, who can’t play with oth­ers; psy­cho­log­i­cal dis­lo­ca­tion of ath­let­ic youths, who can’t com­pete in sports; work­ers who can’t inter­act at the office with their peers; stress on friend­ships; peo­ple los­ing their hair in clumps, because of stress; peo­ple grind­ing their teeth and crack­ing them; the effect of peo­ple wear­ing masks and lim­it­ing the abil­i­ty of oth­ers to respond to facial stimuli–an innate and impor­tant ele­ment of human psy­cho-social behav­ior; cities expe­ri­enc­ing soar­ing mur­der rates because of stress; the effect of lock­downs on street demon­stra­tions pur­suant to the deaths of George Floyd and Bre­an­na Tay­lor; ris­ing rates of domes­tic vio­lence; ris­ing con­sump­tion of alco­hol; ris­ing inci­dence of peo­ple feel­ing sui­ci­dal; ris­ing drug abuse; peo­ple fore­go­ing wear­ing masks and prac­tic­ing social dis­tanc­ing because of what psy­chol­o­gists call “Covid Fatigue;” peo­ple flock­ing to con­trar­i­ans oppos­ing var­i­ous pub­lic safe­ty mea­sures; peo­ple express­ing sup­port for polit­i­cal lead­ers because of feel­ings of inse­cu­ri­ty. 

Mr. Emory also opines that the pan­dem­ic may well have inter­dict­ed the pro­ject­ed “Blue Wave,” because peo­ple who might oth­er­wise have endorsed a more altru­is­tic polit­i­cal agen­da instead were feel­ing fright­ened and–as a result–more needy and self­ish.

Although Belarus­sians had put up with Alexan­der Lukashenko pri­or to the coro­n­avirus: “Trapped inside their coun­try by the coro­n­avirus pan­dem­ic, many Belaru­sians began to chafe at the inhu­man­i­ty in Mr. Lukashenko’s rule and lan­guage that had once been easy to ignore. . . .” 

We con­clude with a look at the past, which may reflect on the future.

An aca­d­e­m­ic paper pro­duced by a Fed­er­al Reserve econ­o­mist posits the socio-polit­i­cal effects of the 1918 flu pan­dem­ic as a fac­tor con­tribut­ing to the rise of Nazism in Ger­many.

Cit­ed by numer­ous pub­li­ca­tions, includ­ing The New York Times, Bloomberg News and Politi­co, the study under­scores some of our asser­tions con­cern­ing the fas­cist and extreme right-wing ram­i­fi­ca­tions of the pan­dem­ic. 

This time­ly and very impor­tant study will be ref­er­enced in future dis­cus­sion of the psy­cho­log­i­cal, soci­o­log­i­cal and socio-eco­nom­ic aspects of the Covid-19 out­break.

Kris­t­ian Blick­le’s analy­sis under­scores points we have made about the demo­graph­ic, eco­nom­ic and psy­cho­log­i­cal dev­as­ta­tion the pan­dem­ic is hav­ing on the body politic.

“A new aca­d­e­m­ic paper pro­duced by the Fed­er­al Reserve Bank of New York con­cludes that deaths caused by the 1918 influen­za pan­dem­ic “pro­found­ly shaped Ger­man soci­ety” in sub­se­quent years and con­tributed to the strength­en­ing of the Nazi Par­ty.

“The paper, pub­lished this month and authored by New York Fed econ­o­mist Kris­t­ian Blick­le, exam­ined munic­i­pal spend­ing lev­els and vot­er extrem­ism in Ger­many from the time of the ini­tial influen­za out­break until 1933, and shows that ‘areas which expe­ri­enced a greater rel­a­tive pop­u­la­tion decline’ due to the pan­dem­ic spent ‘less, per capi­ta, on their inhab­i­tants in the fol­low­ing decade.’ . . .

“. . . . The paper’s find­ings are like­ly due to ‘changes in soci­etal pref­er­ences’ fol­low­ing the 1918 out­break, Blick­le argues — sug­gest­ing the influen­za pandemic’s dis­pro­por­tion­ate toll on young peo­ple may have ‘spurred resent­ment of for­eign­ers among the sur­vivors’ and dri­ven vot­ers to par­ties ‘whose plat­form matched such sen­ti­ments.’ The con­clu­sions come amid fears that the cur­rent coro­n­avirus pan­dem­ic will shake up inter­na­tion­al pol­i­tics and spur extrem­ism around the world, as offi­cials and pub­lic health experts look to pre­vi­ous out­breaks for guid­ance on how to nav­i­gate the months and years to come. . . .”

FTR #1129 Bio-Psy-Op Apocalypse Now, Part 5: The Magic Virus Theory, Part 2

Updat­ing our ongo­ing series of pro­grams con­cern­ing the Covid-19 out­break, we begin with sev­er­al arti­cles ana­lyz­ing the polit­i­cal, eco­nom­ic and psy­cho-social ram­i­fi­ca­tions of the phe­nom­e­non. 

We have termed the Covid-19 out­break and its mul­ti-dimen­sion­al man­i­fes­ta­tions, a “bio-psy-op.” Ampli­fy­ing what is meant by that term:

1.–An aca­d­e­m­ic paper pro­duced by a Fed­er­al Reserve econ­o­mist posits the socio-polit­i­cal effects of the 1918 flu pan­dem­ic as a fac­tor con­tribut­ing to the rise of Nazism in Ger­many. Cit­ed by numer­ous pub­li­ca­tions, includ­ing The New York Times, Bloomberg News and Politi­co, the study under­scores some of our asser­tions con­cern­ing the fas­cist and extreme right-wing ram­i­fi­ca­tions of the pan­dem­ic. ” . . . . The paper, pub­lished this month and authored by New York Fed econ­o­mist Kris­t­ian Blick­le, exam­ined munic­i­pal spend­ing lev­els and vot­er extrem­ism in Ger­many from the time of the ini­tial influen­za out­break until 1933, and shows that ‘areas which expe­ri­enced a greater rel­a­tive pop­u­la­tion decline’ due to the pan­dem­ic spent ‘less, per capi­ta, on their inhab­i­tants in the fol­low­ing decade.’. . . The paper’s find­ings are like­ly due to ‘changes in soci­etal pref­er­ences’ fol­low­ing the 1918 out­break, Blick­le argues — sug­gest­ing the influen­za pan­dem­ic . . . . may have ‘spurred resent­ment of for­eign­ers among the sur­vivors’ and dri­ven vot­ers to par­ties ‘whose plat­form matched such sen­ti­ments.’ The con­clu­sions come amid fears that the cur­rent coro­n­avirus pan­dem­ic will shake up inter­na­tion­al pol­i­tics and spur extrem­ism around the world, as offi­cials and pub­lic health experts look to pre­vi­ous out­breaks for guid­ance on how to nav­i­gate the months and years to come. . . .”

2.–The social dis­lo­ca­tion caused by the Great Depres­sion also drove Ger­man and world polit­i­cal sen­ti­ment to the right, pro­vid­ing addi­tion­al momen­tum to glob­al forces of fas­cism. Cur­rent U.S. eco­nom­ic data bring that to mind. “U.S. Unem­ploy­ment Is Worst Since Depres­sion;” by Nel­son D. Schwartz and Ben Cas­sel­man; The New York Times; 5/9/2020; pp. A1-A13 [West­ern Edi­tion.]

3.–UN Sec­re­tary Gen­er­al Anto­nio Guter­res warns that the pan­dem­ic has strength­ened eth­no-nation­al­ism, pop­ulism, big­otry and author­i­tar­i­an rule. Reac­tionary sen­ti­ment dri­ven by the pan­dem­ic has also spurred eugenic ratio­nale glob­al­ly. ” . . . . UN Sec­re­tary-Gen­er­al Anto­nio Guter­res said Fri­day the coro­n­avirus pan­dem­ic keeps unleash­ing ‘a tsuna­mi of hate and xeno­pho­bia, scape­goat­ing and scare-mon­ger­ing’ and appealed for ‘an all-out effort to end hate speech glob­al­ly.’ Guter­res said ‘anti-for­eign­er sen­ti­ment has surged online and in the streets, anti-Semit­ic con­spir­a­cy the­o­ries have spread, and COVID-19-relat­ed anti-Mus­lim attacks have occurred.’ The UN chief said migrants and refugees ‘have been vil­i­fied as a source of the virus – and then denied access to med­ical treat­ment.’ . . . ‘With old­er per­sons among the most vul­ner­a­ble, con­temptible memes have emerged sug­gest­ing they are also the most expend­able,’ he said. ‘And jour­nal­ists, whistle­blow­ers, health pro­fes­sion­als, aid work­ers and human rights defend­ers are being tar­get­ed sim­ply for doing their jobs.’ . . . .”

4.–An arti­cle in The Guardian–citing a source with­in the Trump administration–compared the Covid-19 polit­i­cal land­scape in the U.S. with late Weimar Ger­many: ” . . . . Wel­come to the US in the age of coro­n­avirus. Faces and fists pound­ed the win­dows of Ohio’s capi­tol like a zom­bie apoc­a­lypse. In Michi­gan, an armed crowd stormed the state house. Then, his­to­ry repeat­ed itself. . . . A Trump admin­is­tra­tion insid­er con­veyed that it was all a ‘bit’ rem­i­nis­cent of the ‘late’ Weimar Repub­lic. We know how that end­ed. . . .Society’s guardrails crashed, the volk demand­ed its pound of flesh and democ­ra­cy made the fright­en­ing­ly unimag­in­able pos­si­ble. Hell became part of the here and now. . . .”

5.–Critical obser­va­tions by Wolf­gang Schauble–the German/EU “Aus­ter­i­ty Czar” who wrought so much suf­fer­ing fol­low­ing the 2008 eco­nom­ic collapse–has clear­ly enun­ci­at­ed the func­tion­al and philo­soph­i­cal essence of “cor­po­ratist” and eugenic doc­trine. After the onset of the Covid-19 pan­dem­ic, he has redou­bled his “Teu­ton­ic bru­tal­i­ty” and his views have been embraced by the Ger­man estab­lish­ment: ” . . . . Schäuble’s tac­tics [dur­ing the finan­cial cri­sis] seemed to scare Europe with ‘trau­mat­ic effects’ and gave it a les­son in Ger­man eco­nom­ic ethics: Teu­ton­ic bru­tal­i­ty and at all costs. ‘Ter­ri­fy­ing,’ was the assess­ment the US Trea­sury Sec­re­tary made fol­low­ing his con­ver­sa­tion with Schäu­ble. Paris and Madrid were also appre­hen­sive; Athens called Schäu­ble an ‘arson­ist,’ on a ram­page through Europe. . . . Schäu­ble has elab­o­rat­ed in 2020 on what he had already made clear in 2012, dur­ing the inter­na­tion­al finan­cial cri­sis: ‘If I hear that every­thing else must take a back seat to the preser­va­tion of life, I must say that this, in such unequiv­o­cal­ness, is not right.’ Pro­tec­tion of human life does not have an ‘absolute pri­or­i­ty in our Basic Law.’ . . . Schäuble’s state­ments are exem­plary and are of ‘nation­al sig­nif­i­cance’ declared the Ger­man Ethics Coun­cil. . . .In fact, the gov­ern­men­t’s oblig­a­tion to the con­sti­tu­tion’s high­est val­ue — the pro­tec­tion of life — must be rel­a­tivized, just as Schäu­ble is doing, con­firm the major­i­ty of Ger­many’s gov­ern­ment lead­ers. . . .  a fel­low Green munic­i­pal politi­cian speaks in plain oper­a­tional terms; ‘Let me tell you quite blunt­ly: We may be sav­ing peo­ple in Ger­many, who, because of their age or seri­ous pre­vi­ous med­ical con­di­tions, may, be dead any­way in a half a year.’ . . . .”

In FTR #1128, we hypoth­e­sized about the pos­si­ble role in the Covid-19 pan­dem­ic of a post-Apartheid, under­ground fas­cist milieu with links to ele­ments of CIA and vet­er­ans of Project Coast. Those who reject such an hypoth­e­sis would do well to con­sid­er the mus­ings of an FBI infor­mant knowl­edge­able about “Die Organ­isas­ie.” That such a milieu might be will­ing to tar­get the U.S. seems prob­a­ble: ” . . . . South African trade attaché Gideon Bouw­er raved about the abil­i­ty to keep whites in pow­er through bio­log­i­cal war­fare, and he hint­ed at being part of a sep­a­rate agenda—some sort of extragov­ern­men­tal con­spir­a­cy, like the one described in the Air Force report, that had plans to unleash bio­log­i­cal agents world­wide on South Africa’s ene­mies if the need should ever arise. ‘Just be ready,’ Fitz­patrick remem­bers Bouw­er warn­ing him cryp­ti­cal­ly, then ask­ing, ‘How fast could get your daugh­ter out of the coun­try if you had to?’ . . .”

The bulk of the dis­cus­sion elab­o­rates on dis­cus­sion of the virus orig­i­nat­ing in a laboratory–in the U.S., NOT Chi­na.

As dis­cussed in FTR #1124–among oth­er programs–it is now pos­si­ble to cre­ate ANY virus from scratch, using “mail-order” or “design­er” genes. Sad­ly pre­dictable jour­nal­is­tic bro­mides that the Covid-19 coro­n­avirus could not have been/was not made in a lab­o­ra­to­ry fly in the face of bio-tech­nol­o­gy that has exist­ed for 20 years. A BBC sto­ry from 1999 high­lights the fears of experts that the advent of such tech­nol­o­gy could enable the devel­op­ment of eth­no-spe­cif­ic bio­log­i­cal weapons: ” . . . . Advances in genet­ic knowl­edge could be mis­used to devel­op pow­er­ful bio­log­i­cal weapons that could be tai­lored to strike at spe­cif­ic eth­nic groups, the British Med­ical Asso­ci­a­tion has warned. A BMA report Biotech­nol­o­gy, Weapons and Human­i­ty says that con­cert­ed inter­na­tion­al action is nec­es­sary to block the devel­op­ment of new, bio­log­i­cal weapons. It warns the win­dow of oppor­tu­ni­ty to do so is very nar­row as tech­nol­o­gy is devel­op­ing rapid­ly and becom­ing ever more acces­si­ble. ‘. . . The BMA report warns that legit­i­mate research into micro­bi­o­log­i­cal agents and genet­i­cal­ly tar­get­ed ther­a­peu­tic agents could be dif­fi­cult to dis­tin­guish from research geared towards devel­op­ing more effec­tive weapons. . . . Dr Vivi­enne Nathanson, BMA Head of Health Pol­i­cy Research said:  ‘The his­to­ry of human­i­ty is a his­to­ry of war. Sci­en­tif­ic advances quick­ly lead to devel­op­ments in weapons tech­nol­o­gy. . . .‘Biotech­nol­o­gy and genet­ic knowl­edge are equal­ly open to this type of malign use. . . . ”

Of para­mount impor­tance is the fact that the state­ments being issued that the virus was not made in a lab­o­ra­to­ry is not just irrel­e­vant, but absurd. ANY virus can be made in a lab­o­ra­to­ry, from scratch as is being done for the SARS-CoV­‑2 (Covid-19) virus. The bro­mides being issued–all too predictably–that the virus could not have been/wasn’t made in a lab­o­ra­to­ry are the viro­log­i­cal equiv­a­lent of the Mag­ic Bul­let The­o­ry.

In that con­text, we review the fact that Ralph Baric–who did the gain-of-func­tion mod­i­fi­ca­tion on the Horse­shoe Bat coronavirus–has been select­ed to engi­neer the Covid-19. ” . . . . Researchers are try­ing to cre­ate a copy of the virus. From scratch. Led by Ralph Bar­ic, an expert in coronaviruses—which get their name from the crown-shaped spike they use to enter human cells—the North Car­oli­na team expects to recre­ate the virus start­ing only from com­put­er read­outs of its genet­ic sequence post­ed online by Chi­nese labs last month. . . .”

Note what might be termed a “viro­log­ic Juras­sic Park” man­i­fes­ta­tion: ” . . . . The tech­nol­o­gy imme­di­ate­ly cre­at­ed bio-weapon wor­ries. . . . Researchers at the US Cen­ters for Dis­ease Con­trol and Pre­ven­tion (CDC) drove that point home in 2005 when they res­ur­rect­ed the influen­za virus that killed tens of mil­lions in 1918–1919. . . .”

We note in pass­ing the VERY unusu­al aspects of Covid-19. ” . . . . ‘I’ve been study­ing virus­es since 1978,’ Dr. James Hil­dreth, Mehar­ry Med­ical Col­lege CEO and an infec­tious dis­ease expert based out of Nashville, told Yahoo Finance’s On the Move this week (video above). ‘And I think it’s fair to say we’ve not encoun­tered a virus quite like this, just because of the broad range of tis­sue types in our body it infects.’ . . .”

The pro­gram con­cludes with dis­cus­sion of two arti­cles refut­ing the “War­ren Report” of Covid-19 genesis–a Nature Med­i­cine arti­cle that is accept­ed as Gospel.

Like the Bible, it is open to seri­ous sci­en­tif­ic refu­ta­tion: ” . . . . To put it sim­ply, the authors are say­ing that SARS-CoV­‑2 was not delib­er­ate­ly engi­neered because if it were, it would have been designed dif­fer­ent­ly. How­ev­er, the Lon­don-based mol­e­c­u­lar geneti­cist Dr Michael Anto­niou com­ment­ed that this line of rea­son­ing fails to take into account that there are a num­ber of lab­o­ra­to­ry-based sys­tems that can select for high affin­i­ty RBD vari­ants that are able to take into account the com­plex envi­ron­ment of a liv­ing organ­ism. This com­plex envi­ron­ment may impact the effi­cien­cy with which the SARS-CoV spike pro­tein can find the ACE2 recep­tor and bind to it. An RBD select­ed via these more real­is­tic real-world exper­i­men­tal sys­tems would be just as ‘ide­al’, or even more so, for human ACE2 bind­ing than any RBD that a com­put­er mod­el could pre­dict. And cru­cial­ly, it would like­ly be dif­fer­ent in amino acid sequence. So the fact that SARS-CoV­‑2 doesn’t have the same RBD amino acid sequence as the one that the com­put­er pro­gram pre­dict­ed in no way rules out the pos­si­bil­i­ty that it was genet­i­cal­ly engi­neered. . . .”

Dr. Michael Anto­niou notes that dif­fer­ent genet­ic engi­neer­ing process­es than the one high­light­ed in the Nature Med­i­cine paper can be used: ”  . . . . There is anoth­er method by which an enhanced-infec­tiv­i­ty virus can be engi­neered in the lab. A well-known alter­na­tive process that could have been used has the cum­ber­some name of “direct­ed iter­a­tive evo­lu­tion­ary selec­tion process”. In this case, it would involve using genet­ic engi­neer­ing to gen­er­ate a large num­ber of ran­dom­ly mutat­ed ver­sions of the SARS-CoV spike pro­tein recep­tor bind­ing domain (RBD), which would then be select­ed for strong bind­ing to the ACE2 recep­tor and con­se­quent­ly high infec­tiv­i­ty of human cells. . . .”

The notion that the Nature Med­i­cine authors had not heard of the above process is not cred­i­ble: ” . . . . Such a direct­ed iter­a­tive evo­lu­tion­ary selec­tion process is a fre­quent­ly used method in lab­o­ra­to­ry research. So there is lit­tle or no pos­si­bil­i­ty that the Nature Med­i­cine arti­cle authors haven’t heard of it – not least, as it is con­sid­ered so sci­en­tif­i­cal­ly impor­tant that its inven­tors were award­ed the Nobel Prize in Chem­istry in 2018. . . .”

Of more than pass­ing sig­nif­i­cance is anoth­er arti­cle that finds seri­ous fault with the Nature Med­i­cine paper. ” . . . . Pro­fes­sor Stu­art New­man, pro­fes­sor of cell biol­o­gy and anato­my at New York Med­ical Col­lege, says that a key argu­ment used to deny that it could be a genet­i­cal­ly engi­neered strain that escaped from a lab­o­ra­to­ry actu­al­ly points to the exact oppo­site. In oth­er words, it indi­cates that SARS-CoV­‑2 could well be genet­i­cal­ly engi­neered and that it could have escaped from a lab. . . . As Adam Lau­r­ing, an asso­ciate pro­fes­sor of micro­bi­ol­o­gy, immunol­o­gy and infec­tious dis­eases at the Uni­ver­si­ty of Michi­gan Med­ical School, has not­ed, Andersen’s paper argues that, ‘the SARS-CoV­‑2 virus has some key dif­fer­ences in spe­cif­ic genes rel­a­tive to pre­vi­ous­ly iden­ti­fied coro­n­avirus­es – the ones a lab­o­ra­to­ry would be work­ing with. This con­stel­la­tion of changes makes it unlike­ly that it is the result of a lab­o­ra­to­ry ‘escape’.‘But Pro­fes­sor New­man says that this is total­ly uncon­vinc­ing because ‘The ‘key dif­fer­ences’ were in regions of the coro­n­avirus spike pro­tein that were the sub­ject of genet­ic engi­neer­ing exper­i­ments in labs around the world (main­ly in the US and Chi­na) for two decades.’ . . .”

Pro­fes­sor New­man goes on to high­light oth­er, seri­ous flaws in the argu­ment: ” . . . In an email inter­view with GMWatch, New­man, who is edi­tor-in-chief of the jour­nal Bio­log­i­cal The­o­ry and co-author (with Tina Stevens) of the book Biotech Jug­ger­naut, ampli­fied this spec­u­la­tion by not­ing, ‘The Nature Med­i­cine paper points to vari­a­tions in two sites of the spike pro­tein of the new coro­n­avirus that the authors claim must have arisen by nat­ur­al selec­tion in the wild. How­ev­er, genet­ic engi­neer­ing of one of these sites, the ACE2 recep­tor bind­ing domain, has been pro­posed since 2005 in order to help gen­er­ate vac­cines against these virus­es (see this paper). It is puz­zling that the authors of the Nature Med­i­cine com­men­tary did not cite this paper, which appeared in the promi­nent jour­nal Sci­ence.’ More­over, New­man added, “The sec­ond site that Ander­sen et al. assert arose by nat­ur­al means, a tar­get of enzyme cleav­age not usu­al­ly found in this class of virus­es, was in fact intro­duced by genet­ic engi­neer­ing in a sim­i­lar coro­n­avirus in a paper they do cite. This was done to explore mech­a­nisms of path­o­genic­i­ty. . . . .”

Worth not­ing, again, is the British Med­ical Asso­ci­a­tion’s warn­ing dis­cussed above: ” . . . .The BMA report warns that legit­i­mate research into micro­bi­o­log­i­cal agents and genet­i­cal­ly tar­get­ed ther­a­peu­tic agents could be dif­fi­cult to dis­tin­guish from research geared towards devel­op­ing more effec­tive weapons. . . .”

As the GMWatch authors con­clude: ” . . . . Such ‘enhanced infec­tiv­i­ty’ research is car­ried out on virus­es all over the world (and not just in Chi­na) to inves­ti­gate their behav­iour and to devel­op vac­cines and oth­er ther­a­pies, as well as for ‘biode­fence’ pur­pos­es. . . .”

FTR #1125 Three-Dimensional Chess and the Covid-19 Outbreak: A Structural Overview

“A nation of sheep will beget a gov­ern­ment of wolves.”–Edward R. Mur­row

This pro­gram is an overview of a num­ber of over­lap­ping con­sid­er­a­tions in the Covid-19 out­break, which Mr. Emory calls a “Bio-Psy-Op.” These over­lap­ping areas will be pre­sent­ed in a series of pro­grams: FTR #1126 Bio-Psy-Op Apoc­a­lypse Now, Part 2: The Democ­ra­cy-Killing Virus; FTR #1127 Bio-Psy-Op Apoc­a­lypse Now, Part 3: The Eugenic Virus; FTR #1128 Bio-Psy-Op Apoc­a­lypse Now, Part 4: The Wealth-Con­cen­trat­ing Virus; FTR #1129 Bio-Psy-Op Apoc­a­lypse Now, Part 5: Walkin’ the Coro­n­avirus; FTR #1130 Bio-Psy-Op Apoc­a­lypse Now, Part 6: Context–The Chi­na-Killing Virus; FTR #1131 Bio-Psy-Op Apoc­a­lypse, Part 7: Pinch­back­’s Per­spec­tive and FTR #1132 Bio-Psy-Op Apoc­a­lypse Now, Part 8: The Nazi Virus.

Before dis­cussing the Covid-19 “op,” per se, we memo­ri­al­ized the bril­liant Kevin Coogan, author of “Dream­er of the Day: Fran­cis Park­er Yock­ey and the Post­war Fas­cist Inter­na­tion­al,” as well as numer­ous arti­cles. Kevin passed away on 2/27/2020 in New York City. We do not know the cause. Kevin was a bril­liant writer and ana­lyst and will be sore­ly missed.

In For The Record #233, we exam­ined Kev­in’s analy­sis of “The Order,” a fascist/mystical con­cept that was for­mu­lat­ed, in part by fas­cist mys­tic Julius Evola. Evola was a dom­i­nant philo­soph­i­cal and ide­o­log­i­cal influ­ence on Steve Ban­non, at the epi­cen­ter of the anti-Chi­na effort. (Mr. Emory mis­spoke himself–the pro­gram is FTR #233, not #312.)

The con­cept of three-dimen­sion­al chess derives from the old “Star Trek” tele­vi­sion series, in which the offi­cers played a vari­a­tion of chess that involved play­ing on three dif­fer­ent lev­els. Under­stand­ing the “Bio-Psy-Op” sim­i­lar­ly involves think­ing and aware­ness on at least three lev­els.

An op-ed col­umn in The New York Times by Bret Stephens goes to the essence of this “bio-psy-op.” ” . . . . The only cer­tain­ty is that, in the midst of a cri­sis, politi­cians are rarely penal­ized for pre­dict­ing the worst pos­si­ble out­come. If it comes to pass, they seem prophet­ic. If it doesn’t, they take cred­it for avert­ing cat­a­stro­phe. In the mean­time, they seek to enhance their pow­ers. . . . we might face not a reces­sion but a full-blown depres­sion, which would be finan­cial­ly ruinous for hun­dreds of mil­lions and have its own dis­as­trous knock-on effects in men­tal, emo­tion­al, and phys­i­cal health, includ­ing for the elder­ly and sick who already face the great­est risks from the virus. . . .”

Key points of dis­cus­sion and analy­sis, which will be devel­oped at much greater length and in much greater detail in the series of pro­grams not­ed above, includ­ing some of the arti­cles which will fig­ure into the analy­sis:

1.–Exemplifying the pro­found psy­cho­log­i­cal aspects of the Covid-19 Psy-Op is the phe­nom­e­non of the hoard­ing of toi­let paper. Mr. Emory views this as a deep Freudian/anal response to feel­ings of help­less­ness on the part of cit­i­zens. Toi­let paper is of no help against the virus, but is symp­to­matic of a deep-seat­ed per­son­al­i­ty dynam­ic seek­ing to man­i­fest some mea­sure of social con­trol. This was the sub­ject of a recent New York­er piece. ” . . . . ‘Con­trol­ling clean­li­ness around B.M.s is the ear­li­est way the child asserts con­trol,’ Andrea Green­man, the pres­i­dent of the Con­tem­po­rary Freudi­an Soci­ety, said. ‘The fact that now we are all pre­sum­ably los­ing con­trol cre­ates a regres­sive push to a very ear­ly time. So, I guess that trans­lates in the uncon­scious to ‘If I have a life­long sup­ply of toi­let paper, I’ll nev­er be out of con­trol, nev­er be a help­less, dirty child again.’ ’ . . . .”

2.–FTR #1126 Bio-Psy-Op Apoc­a­lypse Now, Part 2: The Democ­ra­cy-Killing Virus: The Covid-19 “op” is lead­ing to the atten­u­a­tion or elim­i­na­tion of democ­ra­cy all over the world. In addi­tion to dra­con­ian pow­ers pro­posed by “ex” CIA offi­cer and Attor­ney Gen­er­al William Barr, Trump has boast­ed about pow­ers grant­ed to him “that peo­ple don’t even know about.” Abroad, fas­cists and auto­crats from Vik­tor Orban to Naren­dra Modi are using the Covid-19 out­break to cement con­trol. Even Great Britain has man­i­fest­ed emer­gency pow­ers that one crit­ic termed “Eye-Water­ing.” Civ­il lib­er­ties are tak­ing a beat­ing, with “Pan­dem­ic Sur­veil­lance” enabling a mas­sive ero­sion of pri­va­cy that is unlike­ly to abate. There are ques­tions about whether the elec­tions will be held in Novem­ber. (“Trump Has Emer­gency Pow­ers We Aren’t Allowed to Know About” by Eliz­a­beth Gotein and Andrew Boyle; The New York Times; 4/10/2020.; “DOJ seeks new emer­gency pow­ers amid coro­n­avirus pan­dem­ic” by Bet­sy Woodruff Swan; Politi­co; 03/21/2020; “Exclu­sive: Inside the Military’s Top Secret Plans If the Coro­n­avirus Crip­ples Gov­ern­ment” by William M. Arkin; Newsweek; 3/18/2020; “Exclu­sive: U.S. Mil­i­tary Acti­vates Its Nev­er-Before-Used Fed­er­al Response to Com­bat Coro­n­avirus Out­break” by William M. Arkin; Newsweek; 2/27/2020.; “For Auto­crats and Oth­ers, Coro­n­avirus Is a Chance to Grab Even More Pow­er” by Selam Gebrikadan; The New York Times; 3/30/2020.; “Media Dis­sent Fades as Modi Tight­ens Grip” by Vin­du Goel and Jef­frey Gettleman;The New York Times; 4/3/2020.; “Coro­n­avirus Sur­veil­lance Is Enter­ing Dystopi­an Ter­ri­to­ry” by Eric Lutz; Van­i­ty Fair; 4/9/2020.

3.–FTR #1127 Bio-Psy-Op Apoc­a­lypse Now, Part 3: The Eugenic Virus: The dis­pro­por­tion­ate dam­age being inflict­ed by the pan­dem­ic on minorities–African-Americans and Lati­nos in par­tic­u­lar, has received con­sid­er­able dis­cus­sion. Eco­nom­i­cal­ly dis­ad­van­taged to a con­sid­er­able extent and sub­ject to the phys­i­o­log­i­cal, psy­cho­log­i­cal and behav­ioral lia­bil­i­ties stem­ming from that state of affairs, they are more vul­ner­a­ble to the rav­ages of the virus. In addi­tion, “social-dis­tanc­ing” is a lux­u­ry that many poor peo­ple can not afford. Anoth­er major con­sid­er­a­tion con­cerns the rationing of health care. Peo­ple with dis­abil­i­ties are afraid they will be shunt­ed “to the back of the line” when it comes time for them to receive prop­er treat­ment. The elder­ly are falling ill and dying all over the world. (“Peo­ple with Dis­abil­i­ties Are Afraid They Will Be Dis­crim­i­nat­ed Against Because of Coro­n­avirus” by Rick Jer­vais; USA Today; 3/26/2020.; “Who Should Be Saved First? Experts Offer Med­ical Guid­ance” by Austin Frakt; The New York Times; 3/24/2020.; “Ear­ly Data Shows African Amer­i­cans Con­tract­ing and Dying of Coro­n­avirus at an Alarm­ing Rate” by Aki­lah John­son and Talia Buford; ProP­ub­li­ca; 4/3/2020.; “Social Dis­tanc­ing Is A Priv­i­lege” by Charles Blow; The New York Times; 4/5/2020. ; “Scape­goat­ing New York Means Ignor­ing Its Des­per­ate Need” by Kim Phillips-Fein; The New York Times; 4/5/2020.

4.–FTR #1128 Bio-Psy-Op Apoc­a­lypse Now, Part 4: The Wealth-Con­cen­trat­ing Virus: In FTR #‘s 1111 and 1112, among oth­er pro­grams, we spoke of the net­work­ing and invest­ing of Steve Ban­non, J. Kyle Bass and Tom­my Hicks, Jr. Bass, you will recall, is asym­met­ri­cal­ly invest­ed with regard to the economies in Hong Kong and Chi­na. He has cer­tain­ly made mon­ey, as have many oth­ers. With the Fed­er­al Reserve esti­mat­ing unem­ploy­ment at rates that may reach 32% and econ­o­mist Paul Krug­man opin­ing that this down­turn will be three to five times as bad as the 2008 finan­cial col­lapse, those who do have mon­ey will be able to buy up assets at pen­nies on the dol­lar. An arti­cle in The Guardian dis­cuss­es hedge fund returns of as much as 4,000+ per­cent for some firms. The pos­si­bil­i­ty of “insid­er knowl­edge” of the com­ing pan­dem­ic sug­gests itself. It should be not­ed that J. Kyle Bass made his for­tune bet­ting against the sub­prime hous­ing mar­ket. In this pro­gram, we will dis­cuss his role in help­ing to bring down Bear Stearns in the 2008 col­lapse. A for­mer employ­ee of that ill-fat­ed com­pa­ny, Bass leaked dam­ag­ing infor­ma­tion about Bear Stearns to a Wall Street Jour­nal reporter, there­by pre­cip­i­tat­ing the col­lapse of the firm. (“Coro­n­avirus job loss­es could total 47 mil­lion, unem­ploy­ment rate may hit 32%, Fed esti­mates” by Jeff Cox; CNBC; 03/30/2020; “Hedge funds ‘rak­ing in bil­lions’ dur­ing coro­n­avirus cri­sis” by Rupert Neate Wealth and Jasper Jol­ly; The Guardian; 04/09/2020.; “WSJ: ‘Twas Kyle Bass that Killed Bear Stearns” by Thorn­ton McEnery; Dealbreaker.com; 3/29/2016 [Updat­ed on 1/14/2019.]; “Nas­sim Taleb-Advised Uni­ver­sa Tail Fund Returned 3,600% in March” by Erik Schatzk­er; Bloomberg; 04/08/2020; “How A Goat Farmer Built A Dooms­day Machine That Just Booked A 4,144% Return” by Antoine Gara; Forbes; 04/13/2020.

5.–FTR #1129 Bio-Psy-Op Apoc­a­lypse Now, Part 5: Walkin’ The Coro­n­avirus: In the Nazi tract Ser­pen­t’s Walk–which we have dis­cussed for decades–the SS go under­ground (which they did), buy into the opin­ion-form­ing media (which they did) and, infil­trate the mil­i­tary (which they have done), and, after a ter­ror­ist attack by genet­i­cal­ly-engi­neered virus­es dec­i­mates large parts of the Unit­ed States, mar­tial law is declared and the Nazis take over. From Ser­pen­t’s Walk: “. . . . ‘Yes. Well. ‘Pacov’ stands for ‘Pan­dem­ic Com­mu­ni­ca­ble Virus,’ one of the ugli­er results of mil­i­tary exper­i­men­ta­tion with recom­bi­nant DNA. Do you know what that is?’. . . . ‘Very well, let me tell you in layman’s terms.’ Mul­der extend­ed a hand to shush Wrench, who had start­ed to speak. ‘Pacov con­sists of two sep­a­rate re-work­ings of two DNA chains of exist­ing virus­es. It’s a pig­gy-back weapon, a two-stage oper­a­tion. You send in the first stage. The vec­tors . . . agents of trans­mis­sion . . . for Pacov‑1 are exten­sive. It trav­els through the air, the water, or direct­ly from per­son-to-per­son and is high­ly con­ta­gious. It spreads for hun­dreds of miles, if con­di­tions are opti­mal.  Pacov‑1 pro­duces only a mild, flu-like infec­tion that dis­ap­pears with­in a day or two. Pub­lic health author­i­ties would over­look it, nev­er con­sid­er it a seri­ous epi­dem­ic, and even if they did they’d have to look care­ful­ly to iso­late it. Once a vic­tim is over the ‘flu,’ Pacov‑1 becomes dor­mant and almost unde­tectable. A month or two lat­er, you send in the sec­ond stage: Pacov‑2 is also a virus, just as con­ta­gious as the first, and just as harm­less by itself. It reacts with Pacov‑1 to pro­duce a pow­er­ful coag­u­lant. . . . you die with­in three min­utes. No warn­ing, no vac­cine, no cure. Those not exposed to both stages remain unharmed. . . . Pacov‑2 goes inert, like Pacov‑1 with­in a week or two. Then you get your victim’s coun­try, all his prop­er­ty, in undam­aged con­di­tion. . . . and a lot of corpses to bury.’ . . . .”

6.–FTR #1130: Bio-Psy-Op Apoc­a­lypse Now, Part 6: Context–the Chi­na-Killing Virus: Ana­lyzes the Covid-19 out­break in the con­text of the anti-Chi­na, full-court press, high­light­ed in, among oth­er, pro­grams, FTR #‘s 1089 through 1095, 1103, 1104, 1105. (“Unleash the Pri­va­teers” by Colonel Mark Can­cion (USMC—Retired) and Bran­don Schwartz; U.S. Naval Insti­tute Mag­a­zine; April 2020 [Vol. 146/2/1,406; “Inside the World Uyghur Con­gress: The US-backed right-wing regime change net­work seek­ing the ‘fall of Chi­na’” by Ajit Singh; The Gray Zone; 03/05/2020; “Coro­n­avirus Alarm Blends Yel­low Per­il and Red Scare” by Joshua Cho; Fair­ness and Accu­ra­cy in Report­ing; 3/6/2020.)

7.–FTR #1131 Bio-Psy-Op Apoc­a­lypse, Part 7: Pinch­back­’s Per­spec­tive: ” . . . .Barag­o­na was a Nazi from Fort Sill. . . . Gar­ri­son also obtained a tran­script of a let­ter writ­ten by Fer­rie to Barag­o­na. Next to Barag­o­na’s name, Gar­ri­son wrote: ‘Note Barag­o­na is impor­tant.’ The let­ter had been sent to Gar­ri­son by Glenn Pinch­back, and a car­bon copy was sent to Mendel Rivers, a con­gress­man from Geor­gia. (Pinch­back worked in the Oper­a­tions Com­mand at Fort Sill, where he inter­cept­ed mail.) In the let­ter, Fer­rie shared his dream of the re-uni­fi­ca­tion of Ger­many and liv­ing in a world where all the cur­ren­cy was in Deutschmarks. Pinch­back­’s sum­ma­tion of the let­ter described a ‘Neo-Nazi plot to enslave Amer­i­ca in the name of anti-Com­mu­nism,’ and ‘a neo-Nazi plot gar­gan­tu­an in scope.’ The Fer­rie let­ter spoke of the need to kill all the Kennedys and Mar­tin Luther King, Jr. . . . Pinch­back also report­ed­ly obtained a let­ter from David Fer­rie to Barag­o­na con­fess­ing his role in the assas­si­na­tion of Robert Gehrig, who was a Nazi and Fort Sill sol­dier. . . .”

8.–FTR #1132 Bio-Psy-Op Apoc­a­lypse Now, Part 8: The Nazi Virus: This pro­gram will syn­the­size the var­i­ous aspects of the “Bio-Psy-Op Apoc­a­lypse Now” series, demon­strat­ing how the var­i­ous con­cep­tu­al com­po­nents set forth here­in con­sti­tute a Nazi “Full-Spec­trum Dom­i­nance.”

FTR #927 The Trumpenkampfverbande, Part 6: Locker Room Eclipse

With Don­ald Trump’s sex­u­al habits and speech dom­i­nat­ing the head­lines at the moment, we are see­ing what Trump termed “lock­er room” ban­ter eclipse far more impor­tant aspects of the Trump phe­nom­e­non. The GOP can­di­date con­tin­ues to man­i­fest Nazi-style beliefs, trum­pet­ing the impor­tance of hered­i­ty, breed­ing and genes to suc­cess, with his own Ger­man her­itage hav­ing much to do with his own largesse. In that con­text, we note that his “genes,” in the form of Don­ald, Jr., may well be on the scene for some time.

Although Don­ald, Sr. would appear poised to lose the elec­tion in Novem­ber, the Trumpenkampfverbande–the move­ment that has coa­lesced around him–is poised to con­tin­ue, being (in our opin­ion) the trans­for­ma­tion of the Under­ground Reich into a broad-based mass move­ment. Don­ald, Jr. appears to be a bird of the same polit­i­cal plumage as his father, with a pen­chant for racism and “Alt-right” tweet­ing. As one blog­ger put it: ” . . . And in the last cou­ple of weeks Junior has let his alt-right freak flag fly. . . .” Junior also has polit­i­cal aspi­ra­tions: ” . . . The old­est son of the Repub­li­can pres­i­den­tial nom­i­nee said that while he still has ‘a lot to do in my own career,’ he would seri­ous­ly con­sid­er fol­low­ing in his father’s foot­steps out of real estate and into polit­i­cal life. . . .” Don­ald, Jr. does not appear on the sur­face to share his father’s destruc­tive sex­u­al prac­tices, and might become a stan­dard-bear­er for an Under­ground Reich in plain view for some time to come.

Anoth­er crit­i­cal aspect of Trump’s polit­i­cal con­nec­tions that has been over­shad­owed by the “lock­er room eclipse” con­cerns Trump’s pro­found, long­stand­ing con­nec­tions to Deutsche Bank, his go-to lender for his myr­i­ad real estate prac­tices. Cur­rent­ly desta­bi­liz­ing equi­ties mar­kets around the world, Deutsche Bank holds the poten­tial to col­lapse the glob­al finan­cial land­scape. Hav­ing ben­e­fit­ted from a “rigged” ECB stress test, hav­ing ben­e­fit­ted from preda­to­ry lend­ing prac­tices dur­ing the sub-prime cri­sis, hav­ing ben­e­fit­ted from a Fed­er­al Reserve bailout fol­low­ing the col­lapse of 2008 and fac­ing a poten­tial $14 bil­lion fine from the U.S. Depart­ment of Jus­tice, Deutsche Bank holds 42 tril­lion euros worth of deriv­a­tives on its books, an amount 11 times the econ­o­my of Ger­many! Trump’s being in hoc to Deutsche Bank for upwards of $100 mil­lion rais­es inter­est­ing ques­tions about his poten­tial posi­tion as head of the U.S. gov­ern­ment.

Anoth­er, relat­ed aspect of Trump’s can­di­da­cy con­cerns his threat to fire Fed­er­al Reserve head Janet Yellen and his advis­ers rang­ing from “Alt-right” ide­o­logues to cham­pi­ons of a return to the gold standard–a move that would col­lapse the Amer­i­can and glob­al economies. [This is against the back­ground of the pos­si­bil­i­ty that the Fed may have to extend anoth­er life­line to Deutsche Bank to pre­vent anoth­er inter­na­tion­al finan­cial melt­down] ” . . . In the first [group of Trump eco­nom­ic advi­sors] are Lar­ry Kud­low and Judy Shel­ton, the intel­lec­tu­als of the bunch, and both advo­cates of a return to the gold stan­dard. While it has become pop­u­lar among some Repub­li­cans in the past few years, return­ing to the gold stan­dard is dis­missed as a dis­cred­it­ed, fringe idea by near­ly all econ­o­mists and mar­ket par­tic­i­pants. And, for their part, gold-stan­dard sup­port­ers typ­i­cal­ly reject the very idea of a Fed­er­al Reserve, so if Trump were to appoint Kud­low, Shel­ton, or anoth­er gold-stan­dard sup­port­er to the Fed, it would be the most rad­i­cal and poten­tial­ly dam­ag­ing eco­nom­ic move since the dawn of our mod­ern eco­nom­ic sys­tem, after the Great Depres­sion. . . .”

Pro­gram High­lights Include: Review of “The Don­ald’s” affin­i­ty for the speech­es of Adolf Hitler; review of Trump’s father’s pos­si­ble mem­ber­ship in the Ku Klux Klan; Trump’s exhor­ta­tions to his fol­low­ers to dis­re­gard “the rigged” elec­tion and the pos­si­bil­i­ty (prob­a­bil­i­ty?) that this will lead to “lone wolf,” lead­er­less resis­tance ter­ror­ism and mur­der; Don­ald Trump’s links to the Steuben Soci­ety.

Krugmenistan vs Trumplandia: Backflipping into a Depression

In this return to Krug­menistan we’re going to return at a top­ic every­one loves: Fed­er­al Reserve inter­est rate poli­cies. Yay! If that sounds bor­ing, note that we’re specif­i­cal­ly going to exam­ine Don­ald Trump’s plans for the Fed­er­al Reserve so it’s guar­an­teed to be crazy. And omi­nous. Does that sound bor­ing? How about plans to inten­tion­al­ly col­lapse the econ­o­my for no dis­cernible rea­son. Does that sound bor­ing? No, this is Don­ald Trump’s poli­cies we’re talk­ing about. It’s any­thing but bor­ing. Or sane.

Krugmenistan vs the Permahawks

Lift Off! That was the announce­ment by the Fed­er­al Reserve this week when the world’s biggest and most influ­en­tial cen­tral bank start­ed the long await­ed rais­ing of its bench­mark short-term rate a quar­ter point from near-zero lev­els, mark­ing the first time the Fed has raised rates since 2006. It was big news, except this rate hike was telegraphed for quite a while now and vir­tu­al­ly every­one was expect­ing the Fed to do exact­ly what it did, so it’s not as big as it could have been. If the Fed had decid­ed not to raise rates, despite all the telegraph­ing, that prob­a­bly would have been a big­ger sto­ry. But would it have been a bad sto­ry if the Fed decid­ed to keep rates at their cur­rent near-zero lev­els? There’s a big debate in the eco­nom­ic com­mu­ni­ty over that. And it’s a debate that pits pru­dent econ­o­mists with excel­lent track-records like Paul Krug­man, some­one who opposed the Fed’s Decem­ber “lift off” deci­sion, against the broad array of “per­ma­hawks”. But it’s not just the ques­tion with respect to Fed. The Euro­pean Cen­tral Bank made a pol­i­cy announce­ment this month too regard­ing its stim­u­lus mea­sure and it was indeed rather sur­pris­ing. And as we’re also going to see in this post, it was sur­pris­ing in the way that just might have done seri­ous dam­age to not just the cred­i­bil­i­ty of ECB Pres­i­dent Mario Draghi but the ECB itself. Or at least cred­i­bil­i­ty in the ECB’s com­mit­ment to its sin­gle man­date of keep­ing infla­tion hov­er­ing around 2 per­cent.

To pla­cate per­ma­hawks (to main­tain cred­i­bil­i­ty) or not pla­cate the per­ma­hawks (to main­tain cred­i­bil­i­ty)? That is the ques­tion. Or at least one of the ques­tions cen­tral banks face. Unfor­tu­nate­ly.

The Snowden-Inspired, Bitcoin-Operated Online Murder Incorporated

A dis­turb­ing, per­haps pre­dictable devel­op­ment car­ries the Lud­wig von Mises/Hayek/Hoppe/Ron Paul phi­los­o­phy to a new lev­el. A benight­ed crea­ture using the name Kuwa­batake San­juro has cre­at­ed on online, bit­coin-fund­ed assas­si­na­tion net­work called “Assas­si­na­tion Mar­ket.” Inspired by Edward Snow­den, the largest bit­coine boun­ty offered is on the head of Ben Bernanke, chair­man of the Fed­er­al Reserve. UPDATED ON 11/23/2013.

Deutsche Bank and the Financial Meltdown

It is impor­tant to under­stand that Ger­man banks are any­thing but blame­less in the Euro­pean finan­cial cri­sis. Deutsche Bank car­ried a large amount of bad debt on its books and lied about it in order to fool investors. In 2007, the Fed­er­al Reserve had to help bailout Deutsche Bank. The U.S. sued Deutsche Bank over its manip­u­la­tion of the Amer­i­can mort­gage mar­ket.

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ESSENTIAL BACKGROUND

Martin BormannMartin Borman, Nazi in Exile by Paul Manning. German corporate capital flight program in the waning years of WWII.
Available for download. Read more about the Bormann Organizaton »