Archive for the ‘vaccines’ Category

‘Anti-Vax’ Labelling and the Mainstream Media: Who is Coordinating This?

https://childrenshealthdefense.org/news/anti-vax-labelling-and-the-mainstream-media-who-is-coordinating-this/?

JULY 16, 2020

‘Anti-vax’ labelling and the mainstream media: Who is coordinating this?

Guest editorial by Elizabeth Hart

International vaccination policy is being manipulated to develop massive vaccine markets. It’s time to throw a spotlight on conflicts of interest, and identify who is behind the demonising and censoring of people who question vaccination policy.

The mainstream media has been shown to be unreliable, biased, and often conflicted, and is failing to critically analyse and report on international vaccination policy for the global community.

Is the highly conflicted Bill and Melinda Gates Foundation shaping the media’s reporting on vaccination issues?This article published in February 2013 provides some interesting background on the Gates’ historical influence on the media, noting that in 2012, the Foundation gave out $25 million in media grants the previous year, which was less than 1% of the organization’s budget.

In regards to biased media, see for example this article in The Guardian which includes references to Robert F. Kennedy, Jr., Children’s Health Defense, and Stop Mandatory Vaccination. The piece points out to readers that “Anti-vaxxers’ influence and power could affect Americans’ willingness to take a Covid-19 vaccine, experts warn.” Note that The Guardian receives funding from the Bill and Melinda Gates Foundation, which is driving “the race” for coronavirus vaccines.

This is yet another propaganda piece attempting to discredit and marginalise people who legitimately question international vaccination policy and the burgeoning number of vaccines being added to international vaccination schedules. People with valid concerns about vaccinations are labelled “anti-vaxxers” and are described as being in the “anti-vaxxer movement” in a manner that seeks to marginalise them in broader society and to alienate them as “untouchables”.

The lobbying of coercive vaccination groups such as Friends of Science in Medicine in Australia, and similar lobbying internationally, must be investigated to understand the big picture.

Who is coordinating this?

It’s been going on for years, starting with the demonising of Andrew Wakefield, (via the Murdoch Sunday Times newspaper and The BMJ), central to the narrative, and has since widened to encompass others. For those who follow such things, it’s obvious this is being orchestrated, but by whom?

We know The Vaccine Confidence Project headed by Heidi Larson is a key entity in monitoring global dissent on vaccination, and that this organisation has been funded by the Bill & Melinda Gates Foundation in the past. But there are others in the network of monitoring dissent including academics such as Julie Leask and Katie Attwell in Australia.

The lobbying of coercive vaccination groups such as SAVN and Friends of Science in Medicine in Australia, and similar lobbying internationally, must be investigated to understand the big picture.

Reaching a crescendo

We’ve seen the deliberate hindrance of discussion on vaccination going on for years, but it’s reaching a crescendo now, with censorship on social media interfering with citizens’ rights to discuss vaccination. It remains to be seen what will be the outcome of Donald Trump’s Executive Order on Preventing Online Censorship.

Biased international media is cranking up yet again, with the current coronavirus crisis being used to demonise people questioning vaccination, and information is being twisted and ignored to suit the purposes of vested interests, see for example:

See also Tracking the Anti-Vaccination Movement, an article published by the National Press Foundation (US), which reports on “a new digital tool called Project VCTR that can track anti-vax messengers and messages across Twitter, Facebook, popular websites and other platforms”.  And who is behind the official sounding “National Press Foundation”? Have a look at the list of funders which includes vaccine manufacturer GSK and a host of others who may have significant conflicts of interest.

Questionable agendas/questionable vaccines

Citizens questioning vaccination policy must be heard, and governments, vaccine manufacturers, and academics with conflicts of interest, must be stopped from executing Bill Gates mission to take away the fundamental human right of informed consent.

The ante has been upped considerably with the arrival of COVID-19, and Bill Gates’ insistence that a coronavirus vaccine be made “available to almost every person on the planet”. In the space of a few months, we’ve seen another disease pop up as a global threat as the result of SARS-CoV-2, a virus of still undetermined origin.

There are many unknowns about SARS-CoV-2/COVID-19, and yet it’s reported that over a hundred groups are involved in the “race for the vaccine” with highly questionable vaccine trials underway. Even with all of these unknowns, already there are calls for mandatory vaccines when they become available. It’s shocking to see how this is being fast-tracked, without any real consideration of data from the current crisis. In this regard, see Dr. Malcolm Kendrick’s blog post: COVID deaths – how accurate are the statistics?

[Bill] Gates is an unelected individual who is wielding his enormous wealth and political influence to impose his will on the global community.

The Gates factor

The driver of the current race for coronavirus vaccine products is Bill Gates, who has been manipulating international vaccination policy for years. His Foundation is now the top financial donor to the World Health Organisation after the recent withdrawal of the US by President Donald Trump.

Gates is an unelected individual who is wielding his enormous wealth and political influence to impose his will on the global community. See for example Bill and Melinda Gates personal phone call with Boris Johnson, Bill Gates Seeks EU Help on Vaccine Aid, EU-led telethon raises 7.4 billion for vaccine financing – without US, and Australia pledges $350 million to EU coronavirus vaccine research fund.

James Corbett’s recent series of documentaries on Gates provides valuable history and analysis: Meet Bill Gates; Bill Gates’ Plan to Vaccinate the World; How Bill Gates Monopolized Global Health and Bill Gates and the Population Control Grid. Corbett’s documentaries also include references to Gates buying the media including The Guardian, NPR and the BBC.

There must be an investigation into how international vaccination policy is being manipulated to develop massive vaccine markets. We must throw the spotlight on conflicts of interest and those who are behind the demonising and censoring of people who question vaccination policy.

The mainstream media has been corrupted and is failing the global community; it’s worse than useless. It’s time for citizens around the world to forge a new way ahead if we are to retain our basic human rights.

© [7/16/20] Children’s Health Defense, Inc. This work is reproduced and distributed with the permission of Children’s Health Defense, Inc. Sign up for free news and updates from Robert F. Kennedy, Jr. and the Children’s Health Defense. CHD is planning many strategies, including legal, in an effort to defend the health of our children and obtain justice for those already injured. Your support is essential to CHD’s successful mission.

 

 

 

 

 

 

Category:

Activism, vaccines

Gates Pushes Gene-Altering Technology on Seven Billion Humans

https://childrenshealthdefense.org/news/vaccines/gates-pushes-gene-altering-technology-on-seven-billion-humans/?

JULY 21, 2020

Gates Pushes Gene-Altering Technology on Seven Billion Humans

By Robert F. Kennedy, Jr., Chairman, Children’s Health Defense

Pharma has over 170 COVID vaccines in development, but Gates and Fauci pushed Moderna’s “Frankenstein jab” to the front of the line. Scientists and ethicists are sounding alarms. The vaccine uses a new, untested, and very controversial experimental RNA technology that Gates has backed for over a decade. Instead of injecting an antigen and adjuvant as with traditional vaccines, Moderna plugs a small piece of coronavirus genetic code into human cells, altering DNA throughout the human body and reprogramming our cells to produce antibodies to fight the virus. mRNA vaccines are a form of genetic engineering called “germ line gene editing”. Moderna’s genetic alterations are passed down to future generations. In January, The Geneva Statement, the world’s leading ethicists and scientists, called for an end to this kind of experimentation.

Moderna has never bought a product to market, proceeded through clinical trials, or had a vaccine approved by FDA. The company received an astonishing $483 million in federal funds from the Biomedical Advanced Research and Development Authority (BARDA), a sister agency to Fauci’s NIAID, to accelerate development. Dr. Joseph Bolen, Moderna’s former Research and Development Chief, expressed shock at Fauci’s “bet” in supporting the company. “I don’t know what their thinking was,” he told CNN. “When I read that, I was pretty amazed.”

Moderna and Fauci launched federally-funded human trials in March in Seattle. Dr. Peter Hotez warns of potentially fatal consequences from skipping animal studies. As he said to CNN, “If there is immune enhancement in animals, that’s a showstopper.” Dr. Suhab Siddiqi, Moderna’s Ex-Director of Chemistry, told CNN, “I would not let the [vaccine] be injected in my body. I would demand: ‘Where is the toxicity data?’” As precautions, Moderna ordered trial participants to avoid unprotected sex or sperm donations and Gates is promoting that all COVID vaccines be protected by blanket immunity. He hopes to sell his experimental gene-altering technology to all 7 billion humans and transform our species into GMOs.

© [6/21/20] Children’s Health Defense, Inc. This work is reproduced and distributed with the permission of Children’s Health Defense, Inc. Want to learn more from Children’s Health Defense? Sign up for free news and updates from Robert F. Kennedy, Jr. and the Children’s Health Defense. Your donation will help to support us in our efforts.

___________________

For more:  https://madisonarealymesupportgroup.com/2020/07/08/new-docs-nih-owns-half-of-moderna-vaccine/  Similarly to ‘authorities’ doing all they can to malign HCQ as a COVID treatment because they have financial ties to Gilead Sciences, the manufacturer of Remdesivir, our ‘authorities’ have financial conflicts with Moderna, the manufacturer of this COVID vaccine.  (Details in link)

Excerpt:

New documents obtained by Axios and Public Citizen suggest that the National Institute of Health (NIH) owns half the key patent for Moderna’s controversial COVID vaccine and could collect half the royalties. In addition, four NIH scientists have filed their own provisional patent application as co-inventors. Little known NIH regulations let agency scientists collect up to $150,000.00 annually in royalties from vaccines upon which they worked. These rules are recipes for regulatory corruption.

More on the COVID vaccine:  https://madisonarealymesupportgroup.com/2020/04/21/inovio-covid-19-vaccine-uses-electricity-to-drive-dna-into-body-cells/

 

 

Category:

vaccines, Viruses

Numerous Studies Shows Flu Vaccine Puts You at Higher Risk for COVID and Other Respiratory Viruses

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3404712/

. 2012 Jun 15; 54(12): 1778–1783.
Published online 2012 Mar 15. doi: 10.1093/cid/cis307
PMCID: PMC3404712
PMID: 22423139

Increased Risk of Noninfluenza Respiratory Virus Infections Associated With Receipt of Inactivated Influenza Vaccine

Benjamin J. Cowling,1 Vicky J. Fang,1 Hiroshi Nishiura,1,2 Kwok-Hung Chan,3 Sophia Ng,1Dennis K. M. Ip,1 Susan S. Chiu,4 Gabriel M. Leung,1 and J. S. Malik Peiris1,5

Abstract

We randomized 115 children to trivalent inactivated influenza vaccine (TIV) or placebo. Over the following 9 months, TIV recipients had an increased risk of virologically-confirmed non-influenza infections (relative risk: 4.40; 95% confidence interval: 1.31-14.8). Being protected against influenza, TIV recipients may lack temporary non-specific immunity that protected against other respiratory viruses. (See link for article)

____________________

**Comment**

Important quote:

In the prepandemic period of our study, we did not observe a statistically significant reduction in confirmed seasonal influenza virus infections in the TIV (inactivated influenza vaccine) recipients (Table 3), although serological evidence (Supplementary Appendix) and point estimates of vaccine efficacy based on confirmed infections were consistent with protection of TIV recipients against the seasonal influenza viruses that circulated from January through March 2009 []. We identified a statistically significant increased risk of noninfluenza respiratory virus infection among TIV recipients (Table 3), including significant increases in the risk of rhinovirus and coxsackie/echovirus infection, which were most frequently detected in March 2009, immediately after the peak in seasonal influenza activity in February 2009 (Figure 1).

You read that correctly.  Not only did the TIV NOT reduce the flu, those that received it simnifically increased their risk of other respiratory virus infections.

The article goes onto discuss “viral interference.” This article explains that the flu vaccine can cause this:  https://www.ageofautism.com/2020/01/coronavirus-can-be-caused-by-viral-interference-a-known-result-of-flu-vaccines.html

Excerpt:  

..after saying that indeed those who are vaccinated DO get more acute pathogen-creating illness, like CORONAVIRUS, that should make us all wonder if there are any connections here.  The  acknowledging that patients DO get ill after flu shots from these other viruses (VIRAL INTERFERENCE) is priceless yet disturbing.  Basically patients have been made to feel like they were wrong for decades.  I am sure deaths too, have been involved but to correctly blame it on the vaccine has been taboo.  Mutating bacteria and viruses are possible for sure and vaccines can also be responsible for that.

Here’s a current research article showing the exact same thing:

Vaccine. 2020 Jan 10;38(2):350-354. doi: 10.1016/j.vaccine.2019.10.005. Epub 2019 Oct 10. Influenza vaccination and respiratory virus interference among Department of Defense personnel during the 2017-2018 influenza season.

Receiving influenza vaccination may increase the risk of other respiratory viruses, a phenomenon known as virus interference. … Vaccine derived virus interference was significantly associated with coronavirus and human metapneumovirus…..

We will read that this Coronavirus is from “bats, pigs and small mammals”, Biowarfare labs , yet you can bet vaccines will be dismissed in a heartbeat.

I posted on that study here:  https://madisonarealymesupportgroup.com/2020/03/23/flu-vaccine-increases-coronavirus-infection-risk-36/

Talk about ignoring the monstrous elephant in the room….

The good news is that according to this immunologist, our body already has some immunity to COVID-19 due to the fact it is not completely novel as we’ve been told:  https://madisonarealymesupportgroup.com/2020/07/10/coronavirus-why-everyone-was-wrong/  The very name of it: SARS-COV-2, shows it is closely related to SARS, a virus that has already circulated.  This also reveals, clearly, that COVID-19 has yet to be singularly purified, which is why testing is so poor and a vaccine can never be properly made. They don’t even have the singular organism isolated and purified.  Big problem and another elephant in the room everyone is side-stepping.

Category:

research, vaccines, Viruses

1986 The Act

http://1986theact.com

JULY 2020

For thousands of parents with vaccine-injured children, the 1986 National Childhood Vaccine Injury Act (NCVIA) conjures up sadness, betrayal of trust, disappointment and anger. But what does the rest of the public think? Most people don’t even realize the NCVIA exists! They are still under the rosy misconception that vaccines are safe and effective and that our legislators and public health officials would never do anything that would knowingly hurt America’s children.

We need to educate them. That is where 1986: The Act comes in.

Dr. Andy Wakefield, the filmmaker who brought us Vaxxed, now brings us 1986: The Act, a story of how the powerful force of a mother’s intuition leads down the rabbit hole of lies and corruption surrounding the NCVIA. 1986: The Act forges head on into the important conversation and controversy surrounding this one-sided health policy that gave vaccine makers a multi-billion-dollar gift (so far) and immunity from prosecution.

Viewers will learn how “The Act” turned fairness and the US court system on its head. Touted at the time as a helpful, non-adversarial alternative to long, protracted court battles, it actually turned into anything but; where the vaccine- injured linger without help, parents rack up medical bills and wait years for monetary relief which seldom comes, and government lawyers take home fat paychecks for their efforts against families.

This corrupt system ensures that consumers pay the tab and vaccine manufacturers laugh all the way to the bank.

Watch 1986: The Act now! Buy tickets and share with those you love. The film is available to stream on demand.

Sincerely,  The Children’s Health Defense Team

AJW3

1986: The Act

Man and microbe, from Polio to COVID19… a never more relevant forensic examination of the 1986 National Childhood Vaccine Injury Act and its consequences.

What happens when an ancient wisdom – a mother’s intuition – is pitted against powerful interests in a race against time?

Gates-Wealth

Watch Trailer here (In numerous languages):  https://7thchakrafilms.com/film-info/social-assets

More on Gates:  https://madisonarealymesupportgroup.com/2019/01/22/bill-gates-former-doctor-says-billionaire-refused-to-vaccinate-his-children/

Fauci 1

More on Fauci:  https://madisonarealymesupportgroup.com/2020/05/12/shedding-light-on-the-dishonorable-record-of-dr-fauci-a-real-mengele/

Regarding COVID-19 vaccines:  

Excerpt:

The World Health Organization (WHO) acknowledges there are gaps in scientific knowledge about DNA vaccines and states:22

Many aspects of the immune response generated by DNA vaccines are not understood.However, this has not impeded significant progress towards the use of this type of vaccine in humans, and clinical trials have begun.

Some of the outstanding questions about DNA vaccine safety include:23

  • chronic inflammationbecause the vaccine continually stimulates the immune system to produce antibodies;
  • possible integration of plasmid DNA into the body’s host genome resulting in mutations;
  • problems with DNA replication;
  • triggering of autoimmune responses, and
  • activation of cancer-causing genes.

 

Category:

Activism, vaccines

Follow The Money: Who Is Getting Rich Off Coronavirus Pandemic?

You know what they say…..”Follow the Money.”  Well, COVID-19 is no different.

https://articles.mercola.com/sites/articles/archive/2020/07/07/billionaires-getting-rich-off-coronavirus-pandemic.aspx?

Who Is Getting Rich Off Coronavirus Pandemic?

Analysis by Dr. Joseph MercolaFact Checked

STORY AT-A-GLANCE

  • Forbes compiled a list of 10 health care billionaires who collectively raked in more than $7 billion since March 11, 2020 — the day the World Health Organization (WHO) declared COVID-19 a global pandemic
  • Topping the list is Stéphane Bancel, CEO of Moderna, the biotech firm that’s seen as the frontrunner for developing a COVID-19 vaccine
  • As of June 18, 2020, U.S. billionaire wealth increased $584 billion, or 20%, since the start of the pandemic
  • Since March 18, the number of U.S. billionaires increased from 614 to 643; during the same period, more than 45.5 million Americans filed for unemployment
  • CNBC’s Jim Cramer said the pandemic and resulting lockdown paved the way for “one of the greatest wealth transfers in history”
  • While many big businesses are coming out unscathed or even in a better position financially, small businesses are closing their doors

In May 2020, the U.S. unemployment rate was 13.3%,1 which means 21 million Americans were unemployed. Not surprisingly, financial stress is a major concern, with 88% of Americans surveyed by the National Endowment for Financial Education (NEFE) saying that the COVID-19 pandemic is creating stress for their personal financial situation.2

Fifty-four percent were particularly worried about having enough money saved for emergency savings or retirement, while another 48% were worried about paying bills.

A report by the Well Being Trust (WBT) and the Robert Graham Center for Policy Studies in Family Medicine and Primary Care that up to 75,000 people may die during the COVID-19 pandemic from drug or alcohol misuse and suicide, which they deemed “deaths of despair” caused, in part, by unprecedented economic failure paired with massive unemployment.3

This experience of scarcity and financial uncertainty is not being felt by all, however. In stark contrast, many of the richest among us — particularly health care and biotech billionaires — have gotten even richer due to COVID-19, profiting handsomely off the pandemic that’s left the general public financially reeling.

Pandemic Propels Moderna CEO to the Billionaire’s Club

Forbes compiled a list of 10 health care billionaires who collectively raked in more than $7 billion since March 11, 2020 — the day the World Health Organization (WHO) declared COVID-19 a global pandemic.4 Topping the list is Stéphane Bancel, CEO of Moderna, the biotech firm that’s seen as the frontrunner for developing a COVID-19 vaccine. According to Forbes:5

“When the WHO declared a pandemic, Bancel’s estimated net worth was some $720 million. Since then, Moderna’s stock has rallied more than 103%, lifting his fortune to an estimated $1.5 billion. A French citizen, Bancel first joined the billionaire ranks on April 2, when Moderna’s stock rose on the news that the firm was planning to begin phase two trials of its vaccine.”

Moderna partnered with the National Institute of Allergy and Infectious Diseases (NIAID) headed by Dr. Anthony Fauci to create the vaccine. In February 2020, its stock price increased 78.1% when it announced that its messenger RNA vaccine was ready for clinical trials.6 “The company’s CEO has become a new billionaire overnight,” wrote Barbara Loe Fisher, co-founder and president of the National Vaccine Information Center (NVIC).7

Moderna began human trials of its experimental mRNA vaccine in March 2020, and its stock soared again in May, hitting $29 billion, even though the company currently doesn’t sell any products,8when it released early results from its Phase 1 study of 45 healthy volunteers between the ages of 18 and 55 — the first released from a study involving human volunteers.

Moderna’s press release9 stated that 25 participants who received two doses of its low or medium dose vaccine had levels of binding antibodies — the type that are used by the immune system to fight the virus but do not prevent viral infections — at levels approximating or exceeding those found in the blood of patients who recovered from COVID-19.10

Data for the more significant neutralizing antibodies, which stop viruses from entering cells, was reported for only eight people, with Moderna stating that levels in each of these initial participants met or exceeded antibody levels seen in recovered COVID-19 patients.

Four study subjects experienced a “Grade 3” adverse event, which is described by the U.S. Department of Health and Human Services as “severe or medically significant but not immediately life-threatening; hospitalization or prolongation of hospitalization indicated; limiting self-care” such as “bathing, dressing and undressing, feeding self, using the toilet, taking medications.”11

During Phase 2 trials, 600 people will receive the vaccine, while a Phase 3 trial is expected to start in July 2020 — an unprecedented move in terms of typical vaccine development timelines. Bancel owns a 9% stake in the company, which received a grant of up to $483 million from the U.S. Department of Health and Human Services to accelerate its COVID-19 vaccine development.12

Nine More COVID-19 Billionaires

Making up the rest of Forbes’ list is a mix of entrepreneurs, biotech executives and diagnostic test makers, which come from seven different countries:13

1. Gustavo Denegri — With a net worth of $4.5 billion, which is up 32% since the beginning of the pandemic, Denegri has a 45% stake in DiaSorin, a biotech company based in Italy. DiaSorin makes swab-based diagnostic tests for COVID-19 as well as antibody blood testing kits for the virus.

2. Seo Jung-Jin — Jung-Jin co-founded Celltrion, a biopharma company in Seoul. Jung-Jin’s net worth is $8.4 billion, up 22% thanks to the company’s experimental antiviral treatment for COVID-19, along with a self-administered diagnostic test that gives results in 15 minutes, which is expected to come to the market this summer.

3. Alain Mérieux — Mérieux’s $7.6 billion net worth is tied to BioMérieux, the diagnostic testing company he founded in 1963. It’s a branch of Institut Mérieux, a medical company founded by his grandfather in 1897. BioMérieux developed a faster version of a COVID-19 diagnostic test kit that was released in March 2020.

4. Maja Oeri — Oeri is a descendent of Fritz Hoffmann-La Roche, the founder of pharmaceutical giant Roche. She owns about 5% of Roche’s shares, with a net worth of $3.2 billion; Roche has clinical trials ongoing for its arthritis drug tocilizumab, which it is hoping to transition to a COVID-19 treatment, as well as a serology test to detect antibodies in people who have had COVID-19.

5. Leonard Schleifer — His net worth is $2.2 billion, a rise of 11% due to the pandemic. He founded Regeneron Pharmaceuticals, which is conducting clinical trials of its rheumatoid arthritis drug sarilumab on COVID-19 patients.

6. George Yancopoulos — Yancopoulos is Regeneron‘s chief scientific officer; his net worth is $1.2 billion (up 14% since the beginning of the pandemic).

7. and 8. Thomas and Andreas Struengmann — The Struengmann twins have a net worth of $6.9 billion. They first made their fortune by selling generic drug company Hexal to Novartis in 2005, and they invest in biotech and health care companies. One of their investments is BioNTech, which partnered with Pfizer and Fosun Pharmaceuticals on a COVID-19 vaccine that’s currently in human trials.

9. Li Xiting — Xiting cofounded Mindray Medical International, China’s largest medical equipment producer. It tripled its production capacity of ventilators since the start of the pandemic. Xiting’s net worth is $12.6 billion, which is up 1% due to COVID-19.

US Billionaires $584 Billion Richer Thanks to COVID-19

The Institute for Policy Studies (IPS), in partnership with Americans for Tax Fairness (ATF), published a report highlighting what they call America’s “pre-existing condition”: extreme wealth inequality.14 IPS is regularly updating U.S. unemployment and billionaire wealth during the pandemic, which shows the great divide among the wealthy and the majority of Americans.

As of June 18, 2020, U.S. billionaire wealth increased $584 billion, or 20%, since the start of the pandemic.15 Meanwhile, since March 18, the number of U.S. billionaires increased from 614 to 643; during the same period, more than 45.5 million Americans filed for unemployment. Other striking inequalities revealed by the report include:16

  • Jeff Bezos‘s fortune increased by $25 billion from January 1, 2020, to April 15, 2020; the wealth surge alone is greater than Honduras’ Gross Domestic Product, which was $23.9 billion in 2018
  • From January 1, 2020 to April 10, 2020, the wealth of 34 of the richest U.S. billionaires increased tens of millions of dollars; eight of them had their net worth rise by more than $1 billion
  • From March 18 to April 10, 2020, U.S. billionaire wealth surged by nearly 10%, rising $282 billion; during the same period, more than 22 million Americans lost their jobs
  • U.S. billionaire wealth increased 1,130% from 1990 to 2020; U.S. median wealth grew by 5.37% during the same period
  • The tax obligations of U.S. billionaires decreased 79% between 1980 and 2018, when measured as a percentage of wealth

As noted by Inequality.org, IPS’ sister site:

“The top five billionaires — Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison — saw their wealth grow by a total of $101.7 billion, or 26%. They captured 17.4% of the total wealth growth of all 600-plus billionaires in the last three months. The fortunes of Bezos and Zuckerberg together grew by nearly $76 billion, or 13% of the $584 billion total.

‘This orgy of wealth shows how fundamentally flawed our economic system is,’ said Frank Clemente, ATF’s executive director. ‘In three months about 600 billionaires increased their wealth by far more than the nation’s governors say their states need in fiscal assistance to keep delivering services to 330 million residents.

Their wealth increased twice as much as the federal government paid out in one-time checks to more than 150 million Americans. If this pandemic reveals anything, it’s how unequal our society has become and how drastically it must change.”17

‘One of the Greatest Wealth Transfers of History’

CNBC’s Jim Cramer, host of CNBC’s Mad Money and a former hedge fund manager, said the pandemic and resulting lockdown paved the way for “one of the greatest wealth transfers in history.“18 While many experts are predicting a V-shaped recovery for the stock market, which has been quickly rebounding, “that has almost nothing to do with a V-shaped recovery in the economy,” Cramer said.

While most big businesses are coming out of the state-ordered lockdowns largely unscathed, many small businesses have closed their doors. Already, Chapter 11 bankruptcies are up 48% compared to 2019, and the worst may be yet to come. Even as businesses are increasingly allowed to open for business, lower occupancy limits will continue financial hardships, despite relief funds provided by the government.

“… [I]n the end, the stimulus package probably won’t be enough, for one simple reason,” Cramer said. “It’s not going to work because of social distancing.”19 Meanwhile, big business will continue to thrive. “The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed, if not going for the gold.”20

The transfer of wealth from average people to the richest through a planned economic collapse is ongoing, and something that’s slated to get even more severe if a COVID-19 vaccine is released. In an article positing the question, “Is It Too Late to Buy Moderna Stock?” The Motley Fool suggested:21

“Let’s assume that Moderna’s COVID-19 vaccine proves to be successful and wins regulatory approvals in the U.S. and other major markets. If the company was able to price its coronavirus vaccine similarly to flu vaccines currently on the market, its list price would probably be in the ballpark of at least $40.

If we also assume at least 2 billion doses of the vaccine would be given per year, Moderna could be looking at annual revenue of $80 billion.”

Category:

Activism, vaccines, Viruses