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Market Report – 23rd October 2023

ECB interest rate decision is the big data point for major forex pairs.  Unemployment, GDP, and inflation data from the US, UK, and…
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Market Report 23rd October 2023

  • ECB interest rate decision is the big data point for major forex pairs. 
  • Unemployment, GDP, and inflation data from the US, UK, and Eurozone are also due this week.
  • US earnings season moves into top gear with Microsoft, Apple, and Amazon among the firms updating investors on their trading records last quarter. 

After a relatively quiet five days in terms of news flow last week, the currency markets can expect a return to higher levels of price volatility this week. Short-term price consolidation patterns that formed in the markets of sterling, euro, and yen currency pairs have left major currency pairs at key price levels, leaving the potential for some big news releases to trigger new trends. Inflation and unemployment data from the US, Eurozone, and UK will offer an insight into the health of the global economy, and the ECB will provide a view of the mood among central bankers when it reveals its latest interest rate decision on Thursday.

US Dollar

Inflation remains the key topic of interest for traders of the US dollar, and this week sees the US PMI report released on Tuesday but, more importantly, the Core PCE inflation report released on Friday. The Core PCI is regarded as the price index that Jerome Powell and his colleagues at the Fed give the most significant weight to when making decisions on interest rates, and any deviation from the 0.3% month-on-month gain can be expected to be followed by changes in the price of dollar-based currency pairs.

Big corporations, including Alphabet, Microsoft, Snap, Visa, Coca-Cola, and Spotify, all release their latest quarterly earnings reports on Tuesday. Thursday is another day in the earnings season calendar, with Amazon, Ford, Intel, and Merck sharing their updates.

The break of the long-term trendline in the US Dollar Index price chart that occurred on 9th October was followed three days later by price revisiting that key indicator, but since then, the dollar has formed a sideways trading pattern. The inflation data due out this week could act as a catalyst for the DXY to reconnect with the trendline, which is currently in the region of 106.84. Any suggestions in that report the inflation is cooling faster than expected would bring into play the support level formed by the price low of 105.19 printed on 12th October.

US Dollar Basket Index – Daily Price Chart – Trend Line and Support

us dollar basket daily price chart trend line and support october 23 2023

Source: IG

  • Key number to watch: Friday 27th October 1.30 pm (BST) – US PC Index (September) – prices forecast to rise 0.3% month-on-month and Core PCE to increase 0.3%.
  • Key price levels: Support at 105.19, which marks the intraday price low of 12th October.

EURUSD

Euro traders are in for a busy week with key inflation data due out of Germany in the build-up to the ECB announcing its interest rate decision on Thursday. France’s GDP numbers are due to be released on Friday. The consensus among analysts is that the ECB will keep Eurozone interest rates unchanged at 4.5%, so any deviation from that can be expected to trigger price moves.

The price of EURUSD has broken through the downward trendline dating from 18th July, suggesting the long-term fall in the euro’s value could be about to reverse. A re-test of that key metric, which is currently in the region of 1.0550, can’t be discounted, but as long as price trades above the trendline, there is room for further upward movement. A break of the support level of 1.04482, formed by the intraday low of 3rd October, would suggest further downward movement in EURUSD.

Daily Price Chart – EURUSD – Daily Price Chart – Support and Resistance

eurusd daily price chart support and resistance october 23 2023

Source: IG

  • Key number to watch: Thursday 26th October, 1.15 pm (BST) – ECB interest rate decision – analysts forecast rates to remain unchanged at 4.5%.
  • Key price levels: The 20 SMA (1.05543) on the Daily Price Chart has converged with the downward trendline. The close proximity of these two key metrics suggests considerable price support can be expected in this area.

GBPUSD

This week’s big news announcement for traders of sterling-based currency pairs is the UK jobs report, due on Tuesday. The unemployment level is expected to remain unchanged at 4.3%, and any signs that the labour market is proving to be robust could be good news for the pound as it would point to the economy continuing to overheat and further interest rate rises from the Bank of England.

Daily Price Chart – GBPUSD – Daily Price Chart

gbpusd daily price chart october 23 2023

Source: IG

  • Key number to watch: Tuesday 24th October, 7 am (BST) – UK unemployment rate expected to be unchanged at 4.3%.
  • Key price level: Resistance from the downward trendline, which currently sits in the region of 1.2290 and support from the price low of 1.20373 recorded on 4th October. That support level also sits just above the psychologically important 1.2000 price level. Additional support is likely in the region of 1.20901, which forms a swing-low price pattern if the low of 4th October is taken to represent the beginning of a new upward trend.

USDJPY

Japan releases its PMI manufacturing and services sentiment reports on Tuesday. Analysts are forecasting the two sectors will show diverging fortunes, with the manufacturing index expected to rise and the services PMI predicted to fall.

USDJPY – Daily Price Chart

usdjpy daily price chart october 23 2023

Source: IG

  • Key number to watch: Tuesday 24th October, 1.30 am (BST) – Japan PMI (September). Manufacturing expected to rise to 49 from 48.5, and services to fall to 52.9 from 53.8.
  • Key price level: 150.16 – Key resistance level formed by the year-to-date high recorded on 3rd October. 20 SMA on the Daily Price Chart to offer support in the region of 149.40.

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    Incest Is Best? The Economist Says Copulating-Cousins Cool “In Most Cases”

    Incest Is Best? The Economist Says Copulating-Cousins Cool "In Most Cases"

    With America facing population collapse thanks to a pandemic which…

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    Incest Is Best? The Economist Says Copulating-Cousins Cool "In Most Cases"

    With America facing population collapse thanks to a pandemic which compounded already-shrinking birth rates, petrified young men who don't want to get #MeToo'd for trying to get past 1st base, and record numbers of young Americans identifying as anything but heterosexual, The Economist wants you to know that it's "probably fine" to bang your cousin, which they also note is "illegal in 25 American states."

    After a dig at Kentucky for a 'quickly withdrawn' proposal to remove "first cousin" from the state list of incestuous family relations, the article goes on to 'ackshually' explain that the risk of genetic mutations among the offspring of first cousins is 'greater' than non-incest relations, however 'the increase is quite small.'

    Justifying 'kissing cousins' further, The Economist suggests that it's unfair to prevent incest because "Many other couples face far higher risks of genetic complications for their offspring, and those unions are not banned," such as people with recessive genes for certain disorders, such as sickle-cell anemia or cystic fibrosis, their offspring has a 25% chance of being born with that disorder, "Yet those marriages are allowed."

    "The law against first-cousin marriage is a major form of discrimination," said University of Washington Department of Medicine Director of Genetic Counseling, Robin Bennett (M.S., CGC, (she/her)).

    Robin Bennett, not a PhD, who says it's fine to bang your cousin

    According to Bennett, "the risks are very low and not much different than for any other couple."

    The Economist then goes on to let us know that 'the Bible does not directly ban sexual relations between cousins,' ("how else would all of mankind have descended from Adam and Eve?" they write), though "The Roman Catholic Church did later prohibit first cousins from marrying, though exceptions were made for a fee."

    That said, there are limits, even for The Economist...

    Charles Darwin, the father of evolutionary biology, who married his first cousin in 1839, was reportedly conflicted about his own arrangement. The Darwins had ten children, but three of them died during childhood and three of his surviving children never had any offspring with their spouses. Some historians surmise that the children suffered from genetic abnormalities due to their parents being closely related—the families of Darwin and his wife had a long history of intermarriage.

    Yet despite the fairly low genetic risk for most couples, the “ick” factor prevails in Western culture. The family dynamics can be difficult to explain to others. Many consanguineous couples choose to keep quiet, says Ms Bennett. For this reason it is difficult to know how many of these couples exist in America. -The Economist

    Maybe the plan is to either get people banging their cousins, or keep the border open while praising Biden's amazing 'jobs recovery'?

    Also 'probably' just fine?

    Tyler Durden Sat, 02/17/2024 - 20:25

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    Exchange Rate Pass Through into Import Prices, CPI

    Justin Ho of Marketplace discussed the implications of the import/export price release Thursday. My view was that pass through into import prices was low…

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    Justin Ho of Marketplace discussed the implications of the import/export price release Thursday. My view was that pass through into import prices was low in the short run, and even in the long run was not very large, while pass through into the broader price index was unlikely to be large. Not sure I was alone in this view, but here’re my thoughts.

    Figure 1: Import price ex-fuel (blue), nominal trade weighted US dollar exchange rate (up is depreciation) (tan), both in logs, 2020M02=0. NBER defined peak-to-trough recession dates shaded gray. Source: BLS, Federal Reserve Board via FRED, NBER, and author’s calculations.

    The variables are defined so that one anticipates the two variables to comove positively. In fact, there is not much of a correlation apparent in (log) levels. Since both series are nonstationary, it makes sense to estimate in log first differences. Sampling the data as end-of-quarter, and estimating the regression from 2002Q1-2023Q4 (with four lags of exchange rate), one gets the long run pass through coefficient at about 0.3 (ignoring any other factors like domestic slack and measures for exporting country costs). The adjusted R2 is 0.41. Note that, as in previous studies, the estimated pass through is much less than unity, which makes sense given that most imports are invoiced in US dollars.

    Figure 2: First log difference in Import price ex-fuel (blue), nominal trade weighted US dollar exchange rate (up is depreciation) (tan). NBER defined peak-to-trough recession dates shaded gray. Source: BLS, Federal Reserve Board via FRED, NBER, and author’s calculations.

    For comparison, Bussiere, della Chiaie and Peltuonen (2014) estimate the long run pass through at about 0.35 for the United States, over the 1990-2011 period. Results from the earlier 2006 Fed survey, discussed here.

    What about for broader indices? For the PPI for tradable industries, the estimate is about 0.3 for 2013-20 in Amiti et al. (2022), but  0.7  for 2021, suggesting the pandemic era exhibits different behavior.

    What about the impact on the broader indices? Mattschke and Sattiraju (2022) argue dollar appreciation/depreciation have very little impact on PCE inflation. Pointing out that only about 10% of a core consumer basket involves imported goods. (Oil prices denominated dollars, when they rise, are another matter.)

    A caveat is in order. In the above literature, the exchange rate is taken as largely exogenous, not completely implausible given the large unpredictable component of nominal exchange rates. That being said, as Forbes, Hjortsoe and Nenova (2018) and Ha, Stocker and Yilmazkuday (2020) notes, the types of shocks (demand, monetary, supply) matter as well. For advanced economies, Ha et al. find the average exchange rate pass through into the CPI to be about 0.10.

     

     

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    RFK Jr: The Wuhan Cover-Up & The Rise Of The Biowarfare-Industrial Complex

    RFK Jr: The Wuhan Cover-Up & The Rise Of The Biowarfare-Industrial Complex

    Authored by Debbie Lerman via The Brownstone Institute,

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    RFK Jr: The Wuhan Cover-Up & The Rise Of The Biowarfare-Industrial Complex

    Authored by Debbie Lerman via The Brownstone Institute,

    The Wuhan Cover-Up and the Terrifying Bioweapons Arms Race (Skyhorse Publishing, December 3, 2023) is a crucial book for understanding how the Covid catastrophe happened. 

    I would even go so far as to argue that RFK, Jr.’s new book is the most important Covid chronicle to date, although it ends at the beginning of 2020, before most of us were even aware that a “novel coronavirus” was circulating among us. 

    The book explains the CAUSES of the global disaster, which all happened before March 2020. Everything after that are the downstream EFFECTS of what The Wuhan Cover-Up exposes.

    Here’s how RFK, Jr. summarizes those effects:

    Everyone has now seen that pandemics are another way for the military, intelligence, and public health services to expand their budgets and their power. In 2020, public health, defense, and intelligence agencies weaponized a [Covid-19] pandemic, resulting in unprecedented profits to Big Pharma and the dramatic expansion of the security/surveillance state, including a systemic abandonment of constitutional rights—effectively a coup d’état against liberal democracy globally.

    (Kindle edition, p. 385)

    Putting Covid in the Biowarfare Context

    Interestingly, in the publicity blurb on the book and in interviews about it, RFK, Jr. focuses on “the etiology of the gain-of-function research” and everything that led up to a virus being engineered in a US-funded lab in Wuhan by a group of Chinese and Western scientists.

    At the core of this story is RFK, Jr.’s desire to warn readers about the dangers of gain-of-function research, which he shows in the book to be irrefutably a biowarfare – not a public health – endeavor.

    But in the process of constructing the argument and supplying the proof for his dire warning, and for his assertion that this type of research should be stopped immediately and forever, RFK, Jr. provides what I find to be an even more compelling story.

    The story in the Wuhan Cover-Up that interests me is the rise of the biowarfare-industrial-complex – the global behemoth comprising military/intelligence alliances, Big Pharma, Big Tech, academic and medical institutions, and NGOs – that both created the virus known as SARS-CoV-2 and ran the global response to it.

    In this article, I will highlight key parts of The Wuhan Cover-Up that pertain to this storyline – which I believe are downplayed in its publicity materials and are one of the main reasons it has been practically banned from polite society: The book has been so heavily censored that I cannot find a single actual review on Google. Newsweek reported that independent bookstores do not want to carry it. 

    A lot of the censorship has to do with mainstream animosity toward RFK, Jr’s presidential campaign. But the explosive content of the book, as reviewed in this article, is also likely a factor.

    Top-Level Summary of the Rise of the Biowarfare Industrial Complex, as Told by RFK, Jr.

    • The biowarfare industry started to grow after WWII, when Western intelligence agencies imported Japanese and German scientists to help develop weapons against Communist enemies. This was, in fact, the first task of the newly formed CIA.

    • After 9/11, funding for bioweapons research exploded, and so did the power and reach of the military and intelligence agencies in charge of such research. The research, presented to the public as “pandemic preparedness and response (PPR),” encompassed mostly attempts to engineer deadly pathogens and simultaneously to create countermeasures to them, predominantly vaccines. 

    • So much money was pouring into PPR/bioweapons research that the public health agencies and academic institutions involved in government research all became dependent on it – or, perhaps more accurately, addicted to the money and power this type of research bestowed. Multinational public-private partnerships and “non-governmental organizations” (e.g., The Bill & Melinda Gates Foundation and The Wellcome Trust) were created to fund and promote the need for such research.

    • In the fall of 2019 an engineered pathogen from one of the bioweapons labs in China found its way into the population. All the military, intelligence, and public health officials from China, the US, UK, and other countries, with their pharma and academic partners, conspired to cover up the lab leak, while simultaneously preparing to unleash their countermeasures on the world.

    How the Nature of Biowarfare Research Has Not Changed

    As RFK, Jr. tells it, the history of today’s biowarfare industry starts after WWII, when German and Japanese scientists were secretly repatriated to assist the intelligence community and military in developing chemical and biological weapons programs. 

    It is no coincidence, he argues, that many sinister features of those earlier programs carried forward to the present. These features include:

    • tight alliances with the pharmaceutical industry and the media; 

    • the complicity of academia and medical schools; 

    • the co-opting of journals; 

    • intense secrecy; 

    • pervasive experimentation on human subjects; 

    • liberal use of the word “volunteers;”

    • open-air testing on large unwilling populations; 

    • ethical elasticity; 

    • the normalization of lies; 

    • the use of microbiology to alter and weaponize bugs; 

    • the use of vaccine development as a mask for bioweapons research; 

    • the corruption of the entire medical establishment 

    (p. 48)

    Even just this list is enough to explain what happened with Covid: Take all these ingredients, add billions of dollars and multinational public-private partnerships involving top research institutions and thousands of scientists, and how could you not get a global disaster? 

    Deep CIA-Biowarfare Ties

    The Wuhan Cover-Up spends a lot of time documenting the correspondence between the rise of the CIA and the emergence of the modern biowarfare program. 

     RFK, Jr. writes:

    …it’s worth reviewing the agency’s seventy-five-year preoccupation with bioweapons, pandemics, and vaccines. Bioweapons development was the CIA’s first love, and has remained its relentless passion. The CIA’s natal obsession with bioweapons pitted the agency against all the idealistic underpinnings of both American democracy and the healing arts of medicine. 

    (p. 46)

    An important related point emphasized in the book is that bioweapons research is not an obscure, niche industry. Rather, according to The Wuhan Cover-Up, it is a top national defense concern, driving the national security agenda:

    Following the collapse of the Soviet Union, the military and intelligence apparatus erected the biosecurity agenda as the new spear tip of American foreign policy. These agencies deftly replaced the fear of the Soviet monolith and creeping communism with a fear of infectious disease, which they have successfully stoked to justify vast expansions in power…

    (p. 44)

    Shockingly Broad Participation by Academics and Scientists

    Because the biosecurity agenda – which focuses on biochemical and medical research – is so central to foreign policy and national security, it controls large swaths of research funding. Thus, as RFK, Jr. documents, it has come to encompass many top academic institutions and thousands of doctors and scientists:

    Among the most alarming side effects of the federal preoccupation with bioweapons has been the systematic diversion of vast resources and armies of academic and government scientists away from public health and healing. 

    (p. 46)

    Today, some thirteen thousand death scientists labor on bioweapons technology on behalf of US military, intelligence, and public health agencies in some four hundred government and university bioweapons labs. 

    (p. 83)

    Moral Bankruptcy

    When faced with Covid “conspiracy theories” – such as those put forth in The Wuhan Cover-Up – people often argue that so many doctors and scientists could not possibly have knowingly agreed to civilization-killing ideas like lockdowns and injections of unsafe medical products into billions of people. They must have believed they were actually saving humanity, right?

    Wrong, according to RFK, Jr.:

    History has shown again and again the bioweapons agenda’s awesome power to transform compassionate, brilliant, idealistic doctors into monsters. 

    (p. 47)

    They have, as a class, demonstrated thoroughly warped judgment and a reliable penchant for dishonesty and terrible ideas. 

    (p. 87)

    Bioweapons Research = Vaccine Research

    Another crucial idea bearing on our understanding of the Covid response is that vaccine research is a primary concern for the biowarfare-industrial complex, although it is publicly presented as a public health endeavor.

    The book quotes Professor Frances Boyle, author of the Biological Weapons Anti-Terrorism Act of 1989, with this explanation:

    You can’t use a bioweapon against your enemy without having in your possession an antidote with which to shield your own team from blowback. For this reason, bioweapons and vaccines are always developed in tandem with each other.

    (p. 121)

    Moreover, because vaccine research funding goes to both biodefense and public health agencies, they have become inextricably linked:

    The military and public health agencies work in close coordination to develop vaccines for military applications, sharing information and working side by side in labs. Vaccine research often serves as a cover or rationale for illegal bioweapons development.

    (p. 129)

    From an Obsession of US National Security to a Tool of Globalism

    As RFK, Jr. writes, after 9/11, Islamic terrorism became the focus of US national defense. After the anthrax attacks, the focus of antiterrorist activities coalesced around the need to predict, prevent, and create countermeasures to biological terrorism. 

    This more reliable and terrifying enemy would soon replace the war against Islamic terror—justifying a “forever war” against germs. “Biosecurity,” a.k.a. Pandemic Preparedness and Response (PPR), provided a rationale for US presence in every developing nation.

    (p. 149)

    And, as further explained by RFK, Jr., the focus on bioterrorism, which first served the American imperialist impulse, then became incorporated into the program of globalism:

    The emerging medical/military-industrial complex would soon be citing biosecurity as a pretext for centralized control, coordinated response among nations, a sprawling construction project for new US bioweapons laboratories, the archiving of every germ with weapons potential under the pretext of pandemic protection, the control of the media, the imposition of censorship, the erection of an unprecedented surveillance infrastructure ostensibly needed to “track and trace” infections, universal digital IDs, digital currencies to reduce disease spread, and the ceding of power by national governments to the WHO—in short, globalism. 

    (p. 149)

    China Becomes a Dominant Biowarfare Research Player

    Concurrently, China’s leaders were working on a mission to make China a world leader in science, research, and innovation. According to The Wuhan Cover-Up, the Chinese have been using the West’s march toward globalism to infiltrate “Western academia, businesses, media, cultural groups, and government agencies that speak the language of cooperation, globalism, and public health.” (p. 257)

    As part of their infiltration process, the Chinese lavished funding on Western research institutions and scientific publishing houses. And because biomedical/biowarfare research was so central to Western governments and research institutions, the Chinese were able to eventually dominate that space as well.

    Thus, the book explains, China was able to “co-opt US academic institutions and US public health agencies into performing backdoor bioweapons research for the Chinese military.” (p. 274)

    Why Would the US Do Bioweapons Research in/for China?

    This is, perhaps, the most oft-raised question in response to the hypothesis that SARS-CoV-2 was an engineered bioweapon from a lab funded by the Chinese military, the US, and other Western governments.

    As RFK, Jr. explains, with the Chinese as major funders of Western institutions, journals and projects related to biomedical research, this strange collaboration was not just unsurprising, but in fact, inevitable:

    The Chinese campaign to co-opt leading scientists and the river of Chinese funding to researchers at US and British medical research universities and to the leading scientific journals had, by then, bought China powerful friends across the Western scientific establishment. 

    (p. 280)

    Furthermore, the interests of China intersect with the interests of major global corporations and NGOs that comprise the biowarfare-industrial-complex – many of which enriched themselves considerably through the Covid response. As RFK, Jr. writes:

    There is a natural intersection of interests between Western business titans and a former communist government [the Chinese Communist Party] that has made itself the global model for seamlessly merging corporate with government power, and promoting business growth by suppressing democracy, labor, and human rights. 

    (p. 572)

    For its part, the US intelligence community has all kinds of reasons – all ultimately geared toward increasing its own power and influence – to engage in sensitive scientific research projects with the Chinese:

    The deliberate transfer of our superior bioweapons knowledge to the Chinese—a potential enemy—makes little sense to citizens who think in terms of conventional rivalries between nations. Espionage was clearly among the complex motivations for the US intelligence community supporting Chinese bioweapons research in China. Knowing what the Chinese are up to is the mission of the US intelligence community. But quietly sharing cutting-edge technologies may also serve institutional self-interest. After all, the intelligence community expands its power by reporting the enemy’s expanding capabilities; more frightening capabilities abroad justify increased budgets and increased power at home. 

    (p. 388)

    Bioweapons expert Dr. Francis Boyle is quoted stating that:

    Opportunities to expand institutional power and corporate profits always seem to trump patriotism and duty within the CIA’s bioweapons teams. Patriotism is a polite fiction among the bioweapons set.

    (p. 383)

    RFK, Jr. adds that the public health agencies, which are heavily involved in, and funded by, biowarfare research, share the CIA’s self-interested non-patriotism:

    NIH and NIAID operate under the same perverse incentives that drive destructive conduct across the whole bioweapons field.

    (p. 383)

    A Convergence of Personal, Political, Financial and Global Interests

    In the final chapters of The Wuhan Cover-Up, RFK, Jr. focuses on several key figures in the biowarfare-industrial-complex, including Jeremy Farrar of the Wellcome Trust (now at the WHO), Anthony Fauci of the NIH, and Bill Gates. 

    RFK, Jr. uses these figures to show how the Covid pandemic emerged from the toxic stew of ethically compromised biowarfare research standards; military, intelligence, public health, and academic institutions/organizations dependent on biowarfare funding; the involvement of China and global interests in the booming business of “pandemic preparedness and response;” and, of course, the endless pursuit of political power and personal enrichment.

    Here’s a great summary of how they all came together, through personal and institutional greed and power-mongering, to unleash the Covid catastrophe on the world:

    The evidence suggests that instead of relentlessly protecting public health, Farrar exploited the pandemic to promote the venal financial agendas of his WEF [World Economic Forum] patrons, to transform Western democracies into surveillance states, to expand his personal power and paycheck, and to pander to high-level Chinese officials. Achieving these objectives required Farrar to hide [Covid’s] laboratory origins, a project in which he enlisted a cadre of his medical cartel cronies—those who, thanks to years of funding by Fauci, Farrar, and Gates, now occupy the highest echelons of virology in academia, the regulatory agencies, and pharmaceutical companies. 

    (p. 539)

    If for nothing else, I would recommend adding The Wuhan Cover-Up to your library as an invaluable resource on leading figures, organizations, and power brokers involved in the biowarfare-industrial-complex.

    Conclusions and Comments

    It was especially gratifying to me to read The Wuhan Cover-Up (all 600 pages of it), because it validated my own research, showing that the pandemic response was led by the national security/intelligence arms of government, not public health agencies. 

    In fact, after reading the first few chapters – the ones that go into the history of chemical and biological warfare and the rise of the biowarfare-industrial-complex – I paradoxically felt an enormous sense of relief. 

    Finally, we have a detailed account that shows – beyond what I would consider a reasonable doubt – that the entire Covid catastrophe was caused, and led, by a multinational military-intelligence-academic-pharma-tech-NGO cabal.

    RFK, Jr.’s conclusion is that we should look to a future “in which the bio-elites are held responsible for their actions, people regain their rights, and the Constitution is restored to its intended preeminence.”

    But how do we do that? 

    I am afraid, based on the information in his own book, and the fact that RFK, Jr. himself is being censored and banned so extensively from the public square, that the solution to the problems he exposes is much more difficult and complex than just “holding the bio-elites responsible” which will somehow lead to people regaining their rights.

    What we need to do is to shut down, or extract ourselves from, the global biowarfare-industrial-complex that is able to convince (or coerce?) our governments into declaring states of emergency over supposed pandemic threats, and then curtail civil rights and impose massive surveillance, censorship, and propaganda that would not be permitted in non-emergency situations. Not to mention garnering enormous wealth while forcing the world’s population to accept novel, untested, and potentially lethal medical “countermeasures.”

    The Wuhan Cover-Up does a better job than any other book or article I have read at exposing the trends, forces, and institutions that brought us the Covid catastrophe – with hundreds of pages of notes and references. What’s frightening is that the enormity of the problem is beyond the scope of the book, not just to solve, but even to fully acknowledge.

    Republished from the author’s Substack

    Tyler Durden Fri, 02/16/2024 - 23:40

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