China’s Zero-COVID Madness Hammers ‘Golden Week’ For Tourism, Shopping

China’s Zero-COVID Madness Hammers ‘Golden Week’ For Tourism, Shopping

Though China is in the midst of a week-long national holiday to mark the anniversary of the country’s founding, President Xi Jinping’s zero-Covid policies are once again hammering the long-suffering population — and the faltering economy.    

The week of Oct. 1 to 7 is one of two so-called “Golden Weeks” on the Chinese calendar where both tourism and shopping typically surge. Unfortunately, this year the week is also in proximity to the national congress of the Chinese Communist Party, which begins on Oct. 16.

That twice-a-decade event holds great significance, and is expected to bring the appointment of Xi to an unprecedented third term as the party’s general secretary. In anticipation of the national congress, authorities are going all-out to prevent a major uptick in Covid-19 transmission that could embarrass Xi.  

“Xi’s legacy and the legitimacy of the CCP are bound to the success of the zero-Covid campaign,” the Brookings Institution’s Diana Fu told AFP

Reporting from the Financial Times provides a window into the resulting madness.

For example, the Xinjiang region reported 91 Covid-19 cases on Tuesday — out of a population of some 25 million people. Many of those cases were asymptomatic.

Nonetheless, Xinjiang’s Vice Chairman Liu Sushe declared he would “strengthen the control of cross-regional personnel and insist that people do not leave the region unless it is necessary.” Authorities cancelled nearly all airline flights and all long-distance train and bus service to other provinces.

In the Xishuangbanna region near Laos and Myanmar, authorities ordered thousands of travelers to quarantine in their hotels after Tuesday saw 27 Covid-19 cases in the region that’s home to 1.1 million people. 

Travelers at the Xishuangbanna airport were confronted by shotgun-wielding police in head-to-foot protective attire. Video circulating on social media purportedly show tense situations as tourists vent their frustration over being blocked from their vacations or barred from returning home.   

The country’s zero-Covid authoritarianism reaches right out through the phones of Chinese citizens, reports the Financial Times

Many Beijing residents who dared to travel outside the capital this week have received dreaded health code “pop-ups” on their mobile phones that will make it difficult if not impossible to return home in coming days.

Meanwhile, on the island destination of Sanya, every person was ordered to take a PCR test under threat of being assigned a “health code” that would bar them from public places, planes and trains.   

Wary of such scenarios, many Chinese have opted to choose nearby camping excursions over more ambitious getaways. Some campgrounds are fully booked despite having doubled their tent capacity, reports  Nikkei Asia. Many victims of China’s quarantines are no doubt wishing they’d made such humbler plans for their “Golden Week.” 

Tyler Durden
Thu, 10/06/2022 – 16:40

via ZeroHedge News https://ift.tt/XyKPWqS Tyler Durden

The Top 3 Outcomes As The Elites Try To Reset The International Monetary System

The Top 3 Outcomes As The Elites Try To Reset The International Monetary System

Authored by Nick Giambruno via InternationalMan.com,

It’s self-evident the fiat currency system centered on the US dollar is self-destructing at an alarming rate…

After more than 50 years, it’s long past the end of its shelf-life, like a carton of spoiled milk.

Even the elites running the system can see that and are openly talking about what they’d like to see come next.

That’s why there’s all this talk about a “reset” as the current international monetary system falters.

The way I see it, there are three possible outcomes.

Outcome #1: Central bank digital currencies (CBDCs) and the International Monetary Fund’s Special Drawing Rights (SDR) replacing the US dollar as the world’s new reserve currency. This is the elites’ preferred outcome.

Outcome #2: A reluctant re-monetization of gold. Central bankers don’t want to go back to gold, but they will have no choice if their fiat system collapses, forcing their hands.

Outcome #3: Bitcoin is the wild card. A Bitcoin standard could spontaneously emerge regardless of what the elite want. Bitcoin is an entirely new asset people are adopting as money because of its superior monetary properties, notably its total resistance to inflation.

It’s good to keep Bitcoin’s long-term monetization trend in mind. However, both gold and Bitcoin will likely do very well in the short and medium-term as fiat currencies lose value.

No matter if Bitcoin or gold ultimately wins the long-term competition to be the world’s dominant money, it will be an enormous improvement over fiat currency, which is a fraud of historic proportions.

So I am rooting for both gold and Bitcoin. Right now, I want to be exposed to gold, Bitcoin, and the stocks of companies that produce them.

However, for this analysis, I am concerned with the coming monetary reset the elites are trying to pull off as the current monetary system fails, which seems to be a more immediate trend.

As unfortunate as it is, central banks still wield enormous control over money and finance. Over the long term, Bitcoin has a realistic chance to render central banks and fiat currency obsolete. However, in the more immediate time frame, central banks are in a position to reset the monetary system and try to bridge the gap to a new one they hope to control.

The way I see it, they would prefer to extend the life of the fiat currency system with CBDCs and SDRs. So, they’ll try that first. Although, I don’t think that will be viable.

Simply put, if the current fiat currency system is not viable, then fiat on steroids—CBDCs and SDRs—will not be viable either. CBDCs and SDRs will enable even more currency debasement, which would be positive for monetary alternatives like gold and Bitcoin.

So, ultimately, I think they will have to reluctantly turn to gold, which they are familiar with and have a degree of control over.

Don’t Be on the Wrong Side of the Biggest Wealth Transfer in History

As this all unfolds, we are looking at the biggest wealth transfer in history… and those holding US dollars and other fiat currencies will be on the losing end.

All the value stored in US dollars, euros, and other fiat currencies will be siphoned out and transferred elsewhere.

This process is already well underway.

For example, from the start of the Covid hysteria in March 2020 until today, the Federal Reserve has printed more money than it has for the entire existence of the US. It’s the biggest monetary explosion that has ever occurred in the US.

During that period, the US money supply increased by a whopping 41%.

In other words, if your after-tax wealth did not grow more than the 41% hurdle rate since March 2020, you are on the wrong side of the wealth transfer and losing ground.

You’re on the road to serfdom.

As bad as the situation with inflation is right now, it’s nothing compared to what is ahead of us.

The coming money printing could be unlike anything we’ve ever seen before.

The key is to position yourself on the receiving end of this wealth transfer. That way, you can avoid disaster and set yourself up for enormous potential gains.

Owning free-market monetary alternatives like gold and Bitcoin—and the companies that produce them—is an excellent way to do that.

I think one thing is sure, though.

Outcome #1 and Outcome #2 would be terrific for the price of gold.

CBDCs and SDRs will enable even more inflation, which would be positive for gold.

Central banks going back to a monetary system based on gold would, of course, be positive for gold.

Let’s look at a conservative scenario and presume the US government has the 261 million ounces of gold it claims to have.

If the US government used a 25% gold backing for the dollar—using the M2 measure of the money supply—it would imply a gold price of $20,773 per ounce.

If the US government backed the dollar 100% with gold, it would imply a gold price of $83,091 per ounce.

These numbers might seem shocking, and they are. But so is the amount of money printing recently that has ballooned the money supply.

Further, these numbers are constantly rising because the Fed continues to create new dollars out of thin air, and the ounces of gold the US government owns have remained constant since 1971.

Also, consider this.

The last time the international monetary system experienced a paradigm shift of this magnitude was in 1971.

Then, gold skyrocketed from $35 per ounce to a high of $850 in 1980—a gain of over 2,300% or more than 24x.

I expect the percentage rise in the price of gold to be at least as significant as it was during the last paradigm shift.

That’s because this coming gold bull market could be fundamentally different than other cyclical bull markets. It will be riding the wave of an incredibly powerful trend: the re-monetization of gold. It could lead to the biggest gold market ever.

While this megatrend is already well underway, I believe the most significant gains are still ahead.

*  *  *

The economic trajectory is troubling. Unfortunately, there’s little any individual can practically do to change the course of these trends in motion. The best you can and should do is to stay informed so that you can protect yourself in the best way possible, and even profit from the situation. That’s precisely why bestselling author Doug Casey and his colleagues just released an urgent new PDF report that explains what could come next and what you can do about it. Click here to download it now.

Tyler Durden
Thu, 10/06/2022 – 16:20

via ZeroHedge News https://ift.tt/BUXd7lt Tyler Durden

Bonds & Stocks Falter On Flood Of FedSpeak, Payrolls Paranoia

Bonds & Stocks Falter On Flood Of FedSpeak, Payrolls Paranoia

From the avalanche of FedSpeak today, there was no sign at all of a ‘pivot’ or ‘pause’…

  • Overnight: BOSTIC: To those who think the Fed is going to begin cutting rates in 2023, “Not so fast.”

  • 0850ET: MESTER SAYS US IS IN AN UNACCEPTABLY HIGH INFLATION ENVIRONMENT

  • 0915ET: KASHKARI: ALMOST NO EVIDENCE THAT INFLATION HAS PEAKED, WE ARE QUITE A WAYS AWAY FROM A PAUSE IN RATE HIKES

  • 1300ET: EVANS: INFLATION IS VERY HIGH, ISSUE IS TOP OF MIND FOR THE FED, CAN SEE THE FED SHOULD HAVE HIKED RATES SOONER

  • 1300ET: COOK: FED LIKELY TO KEEP POLICY ‘RESTRICTIVE FOR SOME TIME’, CRITICAL TO STOP INFLATIONARY PSYCHOLOGY FROM TAKING HOLD, QUANTITATIVE TIGHTENING ‘IS THE RIGHT PATH’

And there’s more tonight:

  • 1700ET: Waller

  • 1830ET: Mester

And after all that, the market shifted hawkishly once again… as everyone holds their breath for tomorrow’s payrolls print…

Source: Bloomberg

UK risks reared their ugly head again as cable and gilts were monkeyhammered lower…

Source: Bloomberg

Pension funds are selling billions of pounds worth of assets to rebuild their cash buffers before the Bank of England removes critical market support next week that it introduced to prevent the collapse of the UK’s government bond market.

US Treasury yields spiked higher amid a sizable futures block trade early in the day. Lots of chatter of a significant rate-lock as MS started to market the TWTR deal debt…

Source: Bloomberg

By the close, yields had basically risen back to unchanged on the week (with 30Y underperforming)…

Source: Bloomberg

This is noteworthy since bond yields have dramatically decoupled from stocks…

Source: Bloomberg

Stocks have also decoupled from the market’s hawkish expectations of The Fed’s terminal rate…

Source: Bloomberg

Today saw US equity markets trading chaotically ahead of tomorrow’s payrolls print with overnight weakness suddenly met with a panic bid back to the overnight highs at the cash open, only to slapped back lower by the European close. Losses extended after 1430 (margin call time). The Dow was the laggard on the day, falling back below 30,000…

On the week, all the majors are still up 4-5% (with The Dow the laggard)…

Once again today, S&P stalled at 3800…

VIX rallied back above 30 ahead of tomorrow’s payrolls print…

The dollar rallied once again, erasing the early week’s losses…

Source: Bloomberg

Bitcoin chopped sideways, clinging to $20k…

Source: Bloomberg

Oil prices continued to rise with WTI testing up near $89…

Gold also closed green, with futures holding above $1700…

Finally, as a reminder, five of the last six monthly payrolls prints have ended with the S&P lower on the day (whether the data beat or missed)…

Source: Bloomberg

So will good news be bad news or bad news be good news tomorrow?

Tyler Durden
Thu, 10/06/2022 – 16:01

via ZeroHedge News https://ift.tt/j7Y60qt Tyler Durden

Are Retail Investors Done? Biggest Liquidation Since 2020 As Retail Is Now ‘Selling The Rally’

Are Retail Investors Done? Biggest Liquidation Since 2020 As Retail Is Now ‘Selling The Rally’

When it comes to the stock purchasing (and selling) habits of institutional and retail investors, even as the former had aggressively unwound their exposure throughout 2022 with both gross and net leverage at multi-year lows, retail investors showed remarkable stoicism, patience and resiliency. But all that changed in recent weeks, and according to JPMorgan’s Peng Cheng, retail traders have now capitulated, not only selling stocks for the second week in a row, but in a stark reversal from their momentum-chasing ways, retail investors sold both the Monday and Tuesday rallies.

  • Specifically, in the past week they net sold – $1.1B (1.9-SD  below 12M average), and more notably they sold the rally on both Monday (SPX +2.59%) and Tuesday (+3.06%). Curiously, they remain buyers in ETFs (+$1.4B) and net bought S&P 500 (+0.7z leverage adjusted) but sold Russell 2000 ETFs (- 2.0z).
  • Retail traders net sold -$2.4B of single stocks. Large cap tech names including AAPL (-$470MM), META (-$134MM), and GOOG (-$128MM), in particular, suffered from heavy selling.

As both retail and gross flows and social media posts show, we are well beyond peak retail enthusiasm and we can now conclude that the distribution phase where institutions sell to retail – which defined markets for much of the past two years – is truly over.

Even more notable is that as the chart below shows, the last two weeks represented the worst selling in single stocks since March 2020 (on the other hand, inflows into ETFs, although showing signs of slowdown, remained positive).

Some more details broken down by industry group and thematic:

  • Large-cap: At the industry group level, volumes were slightly higher, driven by Autos and Consumer Services, partially offset by Tech Hardware. Looking at Large-cap single-stock, retail pared down exposure again this past week (-$2.0B) across most industry groups. We again observed some of the strongest retail selling across Technology, especially Tech Hardware (e.g. AAPL, CSCO). This was partially offset by buying within Autos (e.g. TSLA, RIVN, QS).
  • Thematic: Retail investors again shed exposure this past week across themes, though Green / EV Infrastructure (JPAMIGRN) and Long Rising Oil Beneficiaries (JPAMNRGY) were marginal bright spots. We observed heavier selling across Domestic (JPAMDOME) and Covid-19 Domestic Recovery (JPAMCRDB). On the wage side, we also saw Retail cut exposure to US Wage Growth Sensitive Basket (JPAMWAGG)

Bearish sentiment was also evident in the options market. According to JPM, retail traders sold -$1.0B of delta and bought $520MM of gamma this past week. They supplied -$1.3B of delta on SPX/SPY, QQQ, and IWM, mostly via put option buying.

Finally, just to make things “interesting”, here is the latest confirmation that anyone trying to make even a little sense of the market is destined for catastrophic failure: as noted above, JPM said that “retail investors sold the rally on both Monday and Tuesday.”

Well, one look at VandaTrack’s latest weekly research shows that “retail investors have been chasing the last two days rebound by buying US$ 860 mn worth of US securities on Monday and US$ 960 mn on Tuesday. A considerable amount given that they are usually contrarian and reduce their purchases during rallies. We expect this trend to continue and foresee a slowdown in inflows if the rebound will fade; however, we could see a ramp up in purchases if the rally gains traction.”

And while retail investors may have bought… or sold… stock in during the latest meltup, depending on whose “research” one reads, one thing is clear: the recent sell-off in retail favorites such as AAPL and TSLA has had a large impact on retail portfolios’ performance and as of yesterday, the average retail portfolio’s relative drawdown is again close to -32% and has started to underperform the S&P 500 again.

As Vanda notes, “additional losses will be both financially and psychologically hard to handle for the average retail trader”, and the greater the eventual drawdown, the less likely retail will be to rush into the next dip and buy it.

Tyler Durden
Thu, 10/06/2022 – 15:39

via ZeroHedge News https://ift.tt/lh2eQHW Tyler Durden

Shoplifting In California Is Out Of Control Due To Zero Consequences: District Attorney

Shoplifting In California Is Out Of Control Due To Zero Consequences: District Attorney

Authored by Jamie Joseph and Siyamak Khorrami via The Epoch Times (emphasis ours),

Shoplifting in California is getting out of control because of recent criminal justice reform laws, a district attorney told EpochTV’s “California Insider.”

A looter robs a Target store in Oakland, Calif., on May 30, 2020. (Josh Edelson/AFP via Getty Images)

District Attorney of El Dorado County Vern Pierson said that while property crimes, including shoplifting, are illegal, state laws such as Proposition 47 and Proposition 57 allow many criminal activities to go undeterred.

Passed by voters in 2014, Prop. 47 downgraded certain thefts and drug offenses from felonies to misdemeanors. Its most well-known statute raised the minimum amount of stolen goods from $400 to $950 for a theft case to be classified as a felony, which critics consider to be the main cause of a rise in petty theft across the state.

It also allows felons currently serving prison terms to petition for resentencing under the new classifications. Those who have already served their terms can also have their past convictions reclassified as misdemeanors.

People walk by boarded-up shops in Santa Monica, Calif., on June 6, 2020. (John Fredricks/The Epoch Times)

“The practical reality is that most retailers have learned if they call law enforcement for a theft of less than $950, either law enforcement will not respond, or if they respond at most, what they will do is issue a citation [for court appearance],” Pierson said.

He noted that most theft suspects don’t show up in court, for which there are little or no consequences.

As such, most retailers in California have a policy that prevents their employees from reporting low-level property crimes, which is why the data for such incidents may be inaccurate, according to Pierson. Some stores stop reporting petty theft altogether because police “can’t do much.”

A store can be sued by an attempted robbery suspect who’s physically confronted by its employees.

“We’re a very litigious society here in California, and the stores and their insurance carriers really are afraid of being sued for trying to stop a crime that has little or no consequence,” he said.

A man dubbed the “Blue Cloth Bandit” for his alleged habit of using a cloth to cover a handgun during a string of more than five dozen robberies over a span of nearly two years was in custody in Los Angeles on Sept. 28, 2022. (Screenshot via YouTube/Los Angeles Police Department)

Prop. 57, passed in 2016, allows certain criminals who are classified as “non-violent” to be released early. It also prohibits prosecutors from charging juveniles as adults without a judge’s approval and those who were tried as adults for crimes committed when they were juveniles to appeal their sentences.

As an emergency measure to reduce the jail population during the COVID-19 pandemic, the Judicial Council of California in April 2020 removed cash bail for some defendants. Although the statewide zero-bail order expired in June, courts still have to consider each defendant’s ability to pay while setting bail amounts, following a California Supreme Court ruling in March 2021.

The Public Policy Institute of California, a nonpartisan research group, reported upticks in the number of property and violent crimes last year in four of the state’s largest cities—Los Angeles, Oakland, San Diego, and San Francisco.

An analysis by the group also found “some evidence” that Prop. 47 affected property crime, as personal property thefts grew by 9 percent from 2014 to 2016, with thefts from motor vehicles accounting for about three-quarters of this growth.

Two men were arrested on suspicion of stealing catalytic converters and leading Huntington Beach police on a vehicle chase that resulted in a fiery crash in Huntington Beach, Calif., on Aug. 6, 2022. (Screenshot via Instagram/Huntington Beach Police – HBPD)

“We have this increased lawlessness that comes from [the perception that] ‘I can take other people’s property because nothing will happen to me,’” Pierson said.

He noted that data generated by car insurance companies will be able to show a more accurate picture of property crimes statewide since they require individuals to file a police report when making a claim.

What we’ve seen in the last six or seven years is … auto burglaries and auto thefts are up dramatically,” Pierson said. “And that’s a truer set of data for where crime actually is in California.”

Tyler Durden
Thu, 10/06/2022 – 15:20

via ZeroHedge News https://ift.tt/akbqgGD Tyler Durden

Feds Have Enough Evidence To Slap Hunter Biden With Tax, Gun Charges: WaPo

Feds Have Enough Evidence To Slap Hunter Biden With Tax, Gun Charges: WaPo

Federal investigators looking into Hunter Biden’s dealings have enough evidence to charge him with tax crimes and a false statement related to a gun purchase, the Washington Post reports.

The investigation into Hunter Biden began in 2018, and became a central focus for then-president Donald Trump during his unsuccessful 2020 reelection effort. Initially, the investigation centered around Hunter Biden’s finances related to overseas business ties and consulting work. Over time, investigators with multiple agencies focused closely on whether he did not report all of his income, and whether he lied on gun purchase paperwork in 2018, according to the people familiar with the situation, who spoke on the condition of anonymity to discuss an ongoing case. -WaPo

Of course – this reeks of a containment strategy to avoid implicating the sitting President, as the feds apparently haven’t been looking into ill-gotten gains from a massive international influence-peddling operation while his dad was VP, for which there is ample evidence.

Hunter’s lawyer, Chris Clark, accused investigators of leaking information.

“It is a federal felony for a federal agent to leak information about a Grand Jury investigation such as this one,” he said in a written statement. “Any agent you cite as a source in your article apparently has committed such a felony. We expect the Department of Justice will diligently investigate and prosecute such bad actors. As is proper and legally required, we believe the prosecutors in this case are diligently and thoroughly weighing not just evidence provided by agents, but also all the other witnesses in this case, including witnesses for the defense. That is the job of the prosecutors. They should not be pressured, rushed, or criticized for doing their job.”

In any event, it seems like Hunter may face ‘justice’ over a sliver of his actual questionable dealings.

Tyler Durden
Thu, 10/06/2022 – 15:00

via ZeroHedge News https://ift.tt/Vu1tY8X Tyler Durden

US Gasoline Demand Unexpectedly Soars To Highest In Five Years As Inventories Crater

US Gasoline Demand Unexpectedly Soars To Highest In Five Years As Inventories Crater

Two months ago, amid some major discrepancies in key points, the energy market was swept with speculation that the Biden admin – in this case the Department of Energy – was publishing “very crooked numbers to artificially represent gasoline demand as much lower than it really was in order to depress the price of oil (considering the lengths to which the Soros administration has gone to keep gas prices low ahead of the midterms, even threatening OPEC+ that it had committed a “hostile act” for daring to put its own interest ahead of the Democrats’ chances of winning the midterms). What made the manipulated “data” even more absurd is that gasoline demand had somehow collapsed below levels hit in 2020 when the US economy was largely shut down by covid.

And so, after we raised a big stink, and after the DOE was caught revising its weekly number substantially higher on at least two occasions, things are back to normal, and according to the latest DOE data, US gasoline demand is magically roaring back just as the US economy is actually sliding into a recession and just as OPEC+ moves to cut global oil supplies. As shown below, according to the latest EIA release, weekly gasoline supplied – a proxy for demand – hit the highest level this year, surging not only past the five-year average but also the highest level in the past five years…

while gasoline inventories plunged to the lowest since November 2014, according to the EIA.

Worse, petroleum inventories fell by -16 million bbl in the week to September 30 (reductions in crude (-8 million), gasoline (-5 million), distillate fuel oil (-3 million) and jet fuel (-1 million)). Including the SPR, total inventories have depleted by 480 million bbl since the start of July 2020 and are now at the lowest seasonal level since 2004:

While we are delighted to have gotten to the bottom of yet another government data “intervention” coverup, it goes without saying that surging demand in a time when supply is collapsing is a scenario that could intensify the Soros administration’s worries over pump prices heading into November elections.

Tyler Durden
Thu, 10/06/2022 – 14:46

via ZeroHedge News https://ift.tt/RAaqQgo Tyler Durden

Newly Obtained Emails Shed More Light On CDC’s False Vaccine Safety Monitoring Statements

Newly Obtained Emails Shed More Light On CDC’s False Vaccine Safety Monitoring Statements

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

Newly obtained emails show the Centers for Disease Control and Prevention (CDC) made a false statement on COVID-19 vaccine safety monitoring in 2021, months before agency officials gave false statements on the matter to The Epoch Times.

The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Ga., on April 23, 2020. (Tami Chappell/AFP via Getty Images)

The emails also show top officials in the agency discussing performing safety monitoring on a key database for myocarditis, a form of heart inflammation that has been linked to the vaccines from Pfizer and Moderna.

The CDC promised in 2021 in a set of operating procedures to perform a type of analysis called Proportional Reporting Ratio (PRR) on reports of adverse reactions following COVID-19 vaccination. The reports are submitted to the Vaccine Adverse Event Reporting System (VAERS), which officials have described as “the nation’s early warning system” for post-vaccination adverse events. The CDC also said in an updated set of operating procedures in 2022 that it would perform the analysis.

But the CDC has made false statements three times this year on PRRs, initially saying such analysis was outside the agency’s purview, then saying the analysis was performed starting in 2021, then saying the analysis did not begin until 2022. The newly obtained emails show that an official falsely said the CDC does not perform PRR analysis to an editor in 2021.

John Gregory, a health editor at NewsGuard, wrote to the CDC on Oct. 19, 2021, asking for a comment regarding a claim that the CDC’s PRR analysis cannot accurately identify when a vaccine causes adverse events, one of the emails shows. Martha Sharan, a CDC spokeswoman, sent the query to Dr. John Su, who leads the CDC’s VAERS team, and Dr. Tom Shimabukuro, who also works on vaccine safety.

Their responses were redacted apart from a comment on NewsGuard. Sharan then wrote that she’d spoken to Gregory.

“I spoke to the reporter and explained that CDC does not do PPR analysis. The reporter is not going to pursue this any further!” she wrote, adding later that she meant PRR.

That contradicts the operating procedures, which state that the CDC “will perform Proportional Reporting Ratio (PRR) analysis” on VAERS reports.

“We let our published content speak for itself,” Gregory told The Epoch Times in an email when notified that the CDC does actually perform PRRs.

Nora Burlingame, 3, sits on the lap of her mother, Dina Burlingame, and gets a fist bump from nurse Luann Majeed after receiving her first dose of the Pfizer COVID-19 vaccination at UW Medical Center-Roosevelt in Seattle, Wash., on June 21, 2022. (David Ryder/Getty Images)

‘That’s a New One to Me’

In June 2022, the CDC falsely told Children’s Health Defense, a nonprofit, that PRR analysis is “outside of th[e] agency’s purview.” An Associated Press reporter, Angelo Fichera, flagged a Children’s Health Defense article on the statement to the CDC, asking whether the CDC had ever performed the analysis, according to the newly obtained emails.

Kristen Nordlund, another CDC spokeswoman, forwarded the query to Sharan. “Martha—thoughts on this one?” she asked.

That’s a new one on me—proportional reporting ratios’—I need to send this one to John,” Sharan responded.

Sharan later sent a statement about PRRs to The Associated Press and the Washington Examiner.

The Associated Press and NewsGuard never published stories on the topic. After The Epoch Times reported on contradictory statements from the CDC, the Examiner published an article about the developments.

Fichera, Sharan, and Su did not respond to requests for comment for this article.

The emails were obtained by The Epoch Times and an independent researcher through FOIA requests.

“The CDC claims to be vigilantly and transparently monitoring the safety of COVID-19 vaccines, but when it comes to Proportional Reporting Ratio (PRR) analysis, the CDC’s broken promises, inconsistent statements, stonewalling, and double standards tell a different story,” Mary Holland, president and general counsel of Children’s Health Defense, told The Epoch Times via email.

“When asked about PRR analysis in connection with COVID vaccines—through FOIA, media, and congressional requests—CDC has made conflicting statements, some of them false. When confronted about the statements, the CDC claimed, essentially, that PRR analysis is not worth doing.  And for the few months of PRR the CDC now says it has completed, the CDC has failed to make the results public, despite requests from multiple sources.”

“Children’s Health Defense calls on the CDC to do the right thing: do the analysis, and make the results available,” she added.

Timeline of CDC emails and statements. Some are being reported for the first time in this story, which continues below.

  • “I spoke to the reporter and explained that CDC does not do PPR analysis. The reporter is not going to pursue this any further!” – Martha Sharan to CDC colleagues, Oct. 19, 2021. (source: FOIA response to independent researcher)
  • “Correction – that should say PRR.” – Martha Sharan to CDC colleagues, Oct. 19, 2021. (FOIA response to independent researcher)
  • “[P]rogram staff within the Immunization and Safety Office inform me that no PRRs were conducted by CDC. Furthermore, data mining is outside of th[e] agency’s purview.” – Roger Andoh, June 16, 2022. (letter to Children’s Health Defense)
  • “That’s a new one on me – proportional reporting ratios’ – I need to send this one to John.” – Martha Sharan to CDC colleagues, June 22, 2022 (FOIA response to The Epoch Times)
  • “[P]rogram staff within the Immunization and Safety Office inform me that no PRRs were conducted by CDC. Furthermore, data mining is outside of the agency’s purview.” – Bruno Viana to Roger Andoh, June 30, 2022 (FOIA response to The Epoch Times)
  • “CDC has been performing PRRs since Feb 2021, and continues to do so to date.” – Dr. John Su, July 18, 2022 (statement to The Epoch Times)
  • “CDC has revisited several FOIA requests and as a result of its review CDC is issuing corrections. … In reference to Proportional Reporting Ratios (PRRs) – CDC performed PRRs from March 25, 2022 through July 31, 2022.” – Martha Sharan, Aug. 8, 2022. (statement to The Epoch Times)
  • “CDC performed PRR analysis between March 25, 2022, through July 31, 2022. CDC also recently addressed a previous statement made to the Epoch Times to clarify PRR were not run between February 26, 2021, to September 30, 2021.” – Dr. Rochelle Walensky, Sept. 12, 2022 (letter to Sen. Ron Johnson (R-Wis.))

A member of the U.S. military receives the Moderna COVID-19 vaccine at Camp Foster in Ginowan, Japan, on April 28, 2021. (Carl Court/Getty Images)

Other Emails

Several other messages add to the timeline of the CDC’s internal and external statements regarding PRR.

Two weeks after Andoh falsely told Children’s Health Defense that data mining is outside of the CDC’s purview, Bruno Viana, a CDC records employee, sent emails to Andoh about the response.

Viana quoted word-for-word portions of the letter that Andoh sent to the group.

The context of the emails is unclear.

An email to Viana requesting more information returned an away message. The CDC records office declined to comment, saying a new FOIA request would be necessary to obtain the information.

Another set of internal emails showed Su and Shimabukuro involved in responding to The Associated Press and the Washington Examiner.

With the above background, I might suggest the following response,” Su said in one heavily redacted email.

John’s edits look fine to me. Thanks,” Shimabukuro later wrote.

And other emails featured Su and Sharan talking to and about The Epoch Times’ queries, including a followup query noting that an initial response did not make clear whether the CDC had, in fact, performed PRRs.

Su was attributed with the false statement that the CDC had started PRRs in February 2021. One of the missives indicates the statement did come from him. That portion of the email is redacted, but the length of the text aligns with the actual response.

Analysis on Myocarditis

Clinical trials for the vaccines turned up no evidence of myocarditis, a form of heart inflammation, or a related condition called pericarditis. But real-world evidence of the conditions began emerging in early 2021.

Read more here…

Tyler Durden
Thu, 10/06/2022 – 14:25

via ZeroHedge News https://ift.tt/3u0PgKJ Tyler Durden

Tyson Joins Chicago Corporate Exodus; Moves “All Employees” To Arkansas

Tyson Joins Chicago Corporate Exodus; Moves “All Employees” To Arkansas

Companies are finding it increasingly difficult to operate in the Chicago metropolitan area after progressive policies and defunding the police rhetoric have transformed the area into a violent mess. The latest company with operations in Chicago to run towards the exit door is America’s top meat company, Tyson Foods Inc. 

Tyson announced Wednesday plans to move “all its corporate team members from the Chicago, Downers Grove, and Dakota Dunes area corporate locations to its world headquarters in Springdale, Arkansas.” 

“The move will foster closer collaboration, enhance team member agility and enable faster decision-making, positioning Tyson to win with its team members, customers, and consumers. Team members will begin the phased relocation in early 2023,” Tyson continued in a statement. 

Bloomberg pointed out that 1,000 employees from downtown Chicago and surrounding regional offices, as well as those in Dakota Dunes, South Dakota, will be relocated to Springdale. 

Donnie King, President & CEO of Tyson, said the move was about bringing their corporate team closer “together under one roof unlocks greater opportunities to share perspectives and ideas, while also enabling us to act quickly to solve problems and provide the innovative products solutions that our customers deserve and value.” 

Even though Tyson and King say the move is to enhance their corporate team, it comes as an exodus of companies is leaving Chicago due to out-of-control violent crime and high taxes

Weeks ago, McDonald’s CEO Chris Kempczinski said Chicago is a “city in crisis” and that recruiting is especially challenging at the company’s downtown headquarters. 

“It has become increasingly difficult to operate a global business out of the city of Chicago and the state of Illinois,” Kempczinski said.

A Tyson spokesperson told Bloomberg the transition out of Chicago wasn’t related to crime or high taxes. Yeah, okay… 

Over the summer, billionaire Ken Griffin announced he was moving Citadel’s headquarters from Chicago to Miami. He likened the city to “Afghanistan, on a good day, and that’s a problem,” adding bullet holes riddled the building he lived in. 

Boeing and Caterpillar have also announced the move of a corporate headquarters from Illinois in the past two months. 

Meanwhile, as the exodus of businesses and people is only gaining momentum from the failed liberal city (and state), the mayor of Chicago continues to party on:

Tyler Durden
Thu, 10/06/2022 – 14:05

via ZeroHedge News https://ift.tt/o6bRxFK Tyler Durden

US Buying $290M Worth Of Anti-Radiation Drugs for Use In “Nuclear Emergency”

US Buying $290M Worth Of Anti-Radiation Drugs for Use In “Nuclear Emergency”

Authored by Chris Menahan via InformationLiberation.com,

The Biden regime is buying up $290 million in anti-radiation drugs for use in “nuclear emergencies” amid escalating tensions with Russia and heightened threats of a nuclear war.

From Health and Human Services:

FOR IMMEDIATE RELEASE
October 4, 2022

Contact HHS Press Office
202-821-9446
asprmedia@hhs.gov
www.hhs.gov/news
Twitter: @HHSgov

HHS purchases drug for use in radiological and nuclear emergencies

As part of long-standing, ongoing efforts to be better prepared to save lives following radiological and nuclear emergencies, the U.S. Department of Health and Human Services is purchasing a supply of the drug Nplate from Amgen USA Inc; Nplate is approved to treat blood cell injuries that accompany acute radiation syndrome in adult and pediatric patients (ARS).

Amgen, based in Thousands Oaks, California, developed Nplate for ARS with support from the Biomedical Advanced Research and Development Authority (BARDA), part of the HHS Administration for Strategic Preparedness and Response (ASPR), as well as the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health.

BARDA is using its authority provided under the 2004 Project Bioshield Act and $290 million in Project BioShield designated funding to purchase this supply of the drug. Amgen will maintain this supply in vendor-managed inventory. This approach decreases life-cycle management costs for taxpayers because doses that near expiration can be rotated into the commercial market for rapid use prior to expiry and new doses can be added to the government supply.

ARS, also known as radiation sickness, occurs when a person’s entire body is exposed to a high dose of penetrating radiation, reaching internal organs in a matter of seconds. Symptoms of ARS injuries include impaired blood clotting as a result of low platelet counts, which can lead to uncontrolled and life-threatening bleeding.

To reduce radiation-induced bleeding, Nplate stimulates the body’s production of platelets. The drug can be used to treat adults and children.

Nplate is also approved for adult and pediatric patients with immune thrombocytopenia, a blood disorder resulting in low platelet counts. Repurposing drugs for acute radiation syndrome that also are approved for a commercial indication helps to sustain availability of the product and improves healthcare provider familiarity with the drug.

“The US government said the procurement of Nplate was not in response to the war in Ukraine,” The Telegraph reported.

“An HSS spokesman told The Telegraph: ‘This is part of our ongoing work for preparedness and radiological security. It has not been accelerated by the situation in Ukraine.'”

The State Department last week urged all Americans to leave Russia “as soon as possible” in the wake of the sabotage of the Nord Stream pipelines.

The official reasoning they gave was to avoid getting conscripted in their mobilization effort but that logic only applied to dual citizens and their advisory was for all Americans.

As I noted at the time, the real reason they told everyone to leave is more likely the risk of a full-blown war breaking out due to the US, Ukraine or Poland being responsible for the belligerent bombing of the Nord Steam pipelines.

While Russia has issued statement after statement warning the US they will use nuclear weapons to defend their territory and are “not bluffing,” the US has been shipping billions in high-tech weaponry to Ukraine to attack Russian forces and strike inside of Russia.

Just last week, Congress voted to send another $12.3 billion in military and economic aid to Ukraine.

Biden said in February after the war broke out that Americans should not be worried about a nuclear war then spent the next eight months antagonizing Russia (and China) with endless provocations to make nuclear war more likely than ever.

Tyler Durden
Thu, 10/06/2022 – 08:19

via ZeroHedge News https://ift.tt/WPvAxNm Tyler Durden