Exxon Mobil Corp. is revising its compensation structure for traders, incorporating salary reductions in line with industry standards, complemented by potential cash bonuses and long-term incentives, according to a Thursday write-up by Bloomberg. 

It marks yet another savvy move for the ‘more cash than god’ oil firm that continues to find additional efficiency for shareholders.

This adjustment, which has been communicated to traders both in the US and Europe, aims to enhance competitiveness by aligning closer with practices at peer companies, which favor substantial bonuses linked to performance over higher base salaries.

Overall, the move marks part of a broader strategy to revamp Exxon’s trading operations, with the company seeking to emulate the success of competitors and specialized trading firms through a focus on asset-backed trading to mitigate risk.

The company has signaled that trading profits will now influence bonus eligibility, marking a shift towards rewarding performance that contributes directly to Exxon’s financial outcomes.

“The company plans to offer competitive salaries informed by benchmarking,” Exxon told Bloomberg. The company added that bonuses and incentives would be based on “company results, global trading results and individual performance.”

This isn’t the only place Exxon could be looking to eek out additional cash. Recall earlier this week we posted that the oil supermajor could be looking for a ‘pound of flesh’ from the forthcoming proposed takeover of Hess by Chevron. 

Exxon is challenging Chevron’s acquisition of Hess by challenging the terms of a stake in a major Guyana oil field. Exxon said it could exercise pre-emptive rights that could block Chevron from acquiring a 30% stake in the field, which sits at the center of the potential Hess acquisition. 

MKP Advisors said in a note reviewed by Reuters that Exxon is “very possibly looking to extract a pound of flesh from Chevron to support the deal proceeding.” They speculated that “It is very possible they want greater commitments from Chevron than Hess has previously signed up to.”

Exxon could be targeting Chevron to make concessions elsewhere, or to raise commitments already in place for the Guyana project. And it may be easier for Chevron to make concessions than to fight proceedings in court. 

Stewart Glickman, energy equity analyst at CFRA Research, told Reuters: “It’s impossible to say if Chevron’s lawyers or Exxon’s lawyers are correct.”

We noted earlier this week that ExxonMobil and China National Offshore Oil Corporation are “asserting their right to pre-empt its purchase of a stake in a Guyana oil project that is central to the deal.”

Authored by Matthew Piepenburg via VonGreyerz.gold,

It’s almost comical to watch policy makers of all stripes and country codes caught in a corner yet pretending we don’t notice.

Children In Charge

I’m reminded of the kid with his hand in the cookie jar while pretending his parents can’t see him—denying his guilt despite the crumbs falling from his face.

Again: It’s almost comical.

But there’s really nothing funny at all about major economies crawling into recession (Germany, Japan, UK, China) or denying recession (USA) while our mental midgets from DC to the EU play with bonds, inflation currency and war like kindergarteners with gas and matches.

Can’t Hide the Debt Cookie Crumbs

Speaking of kids caught with crumbs on their face while denying responsibility, it seems that even our central bankers can’t keep hiding the facts of now “unsustainable debt” (Powell) with clever lies, such as they had tried to do in the past:

In short, the days of hiding bad math behind empty words are now coming to an end, as most recently evidenced by another comical treasury market auction (below).

Keep It Simple: Debt & Bonds

As we’ve repeated ad nauseum, “the bond market is the thing,” and its survival, like a diesel V8 engine, lives and dies on liquidity/grease—i.e. dollars.

After trillions in outright grotesque QE grease following the bond crisis of 2020 and a hidden TBTF bank bailout (disguised as pandemic relief), the combined efforts of the Fed and Treasury Dept (i.e., the yin and yang of Powell and Yellen) to provide backdoor liquidity to this thirsty market are both tragic and remarkable.

Despite Powell’s headline tightening since 2022, the level of direct Fed liquidity is still tens of billions per month, and the hundreds of billions provisionally drawn from the reverse repo markets, the Treasury General Account (TGA), the Bank Term Funding Program (BTFP) are just QE by another pathway.

In addition to these tricks, tack on Yellen’s desperate attempt to issue trillions from the short end of the yield curve to take supply (and price) pressure off the sacred U.S. 10-Year, we can trace more examples of open desperation and backdoor liquidity by another name.

But at some point, all these liquidity tricks (as well as liquidity) run dry.

And when this “grease” runs out, that is when the bond engine stalls and the global financial system, led by a broke(n) U.S.A, starts its slow stall to the side of the proverbial road as the engine hisses, coughs and then dies.

Stated otherwise, the kids in DC are running out of cookies and jars (i.e., liquidity), and their lies and excuses are getting harder to hide.

Don’t believe it? Just look at the unloved US bond market.

A Very Telling & Embarrassing Treasury Auction

Having issued too many IOU’s (T-Bills) from the short end of the yield curve, Yellen’s Treasury Dept recently tried to auction off some IOUs from the longer end, namely the US 20Y UST.

Folks: It was embarrassing.

Foreign bidders for Uncle Sam’s 20-Year bond dropped to under 60% (they were 74% of the bidders in November).

This means that primary dealers (i.e., big banks) were forced to fill the gap by purchasing almost 22% of Uncle Sam’s increasingly unloved bar-tab of 20Y IOUs…

In simple speak, this is an open sign that the bond market is cracking. In fact, however, it has been cracking for a while…

Memories are short, as many have already forgotten the extreme dysfunction on the short end of the curve in Q1 of 2023 (not to mention the bank failures that followed, and with more to come, as warned…).

A similar disfunction is now openly obvious on the long-end of the bond curve, at least for those paying attention.

When bonds are unloved, their prices begin to fall, and their yields, which move inversely to price, start to rise, which means their interest rates rise too—adding more pressure (and cost) on Uncle Sam’s ability to repay the same.

Fiscal Dominance—More Than Just a Term of Art

This moment of interest expense “uh-oh” for DC is what the St. Louis Fed described in June of last year as “Fiscal Dominance,” namely that point where rising rates (and debt costs) get so high (i.e., dysfunctional), that the only option (and source) for more “greasy liquidity” (i.e., USDs) to support those ugly bonds is with money “clicked” out of thin air.

In short: More QE to the moon is inevitable, not debatable.

This QE inevitability is inherently inflationary, and this by the way, is the end-game for the Dis-United States, even if we experience a dis-inflationary recession somewhere in the middle of this tragic playing field.

Dollar Debasement—Right Before Our Eyes

Needless to say, such fake liquidity in the from an increasingly weaponized (and hence unloved) USD, places even more negative pressure on a DXY, which at the time of the aforementioned (and embarrassing) auction, was at 104, down from its 110+ levels of Q3 2022…

In the last four years of increasing bond dysfunction in the wake of drying liquidity, DC has shown five times in a row that it will come quickly and aggressively to the rescue to provide more fake grease (again, from the TGA, the BTFP, the repo markets etc.) to “save” the bond market at the expense of the currency.

Soon, we’ll just see plain ol’ QE, which will debase the USD even more, regardless of its “relative strength” to other equally, if not more, debased global currencies.

Such currency debasement, again, fits the pattern of all nations slowly dying from their own debt sins.

For now, of course, the markets are expecting Powell’s promised rate cuts to become actual rate cuts.

As a result, these markets are just giddy in anticipation and have recently hit all-time-highs on Powell words rather than Fed actions.

These already dangerously bloated markets will rise even further whenever the Fed has no choice but to hit the QE red button at the Eccles Building.

Tread Carefully You Top-Chasers

For those few, very few, who know how to trade nose-bleed tops without getting burned when net-incomes/margins trend south, the speculation and momentum trade juices are flowing.

But as I recently warned with evidence rather than hyperbole, today’s S&P, which is little more than a glorified tech ETF lead by 5 names, is the most dangerous bubble I’ve ever seen, traded or studied.

That Clever Pet Rock

Gold, meanwhile, will clearly get, and is already getting, the last laugh as stock bubbles inflate and bond markets scream for more debased USD grease.

The recent 20Y bond auction, above, with its foretelling of rising yields, should have been a massive headwind for that “yield-less pet rock.”

But as I argued from Vancouver in January, gold is breaking away from the standard correlations to rate, currency and inflation/deflation indicators.

Why?

For the simple reason that the overall system is now so openly broken, cracked, and dis-trusted that gold’s historically trusted (as well as speculator-ignored) role as a provider of real value (and 52-week highs) in world of diluted yet inflated currencies and bubble assets is becoming more obvious.

Again, this easily explains why central banks are stacking (and TRUSTING) this pet rock and dumping Uncle Sam’s IOUs at record levels.

That is, the world’s central banks (and leaders) see a US Humpty Dumpty about to fall off a wall, and when it does, gold will do far more to protect investors and sovereigns than bad IOUs and bubble assets measured in paper “money.”

Not surprisingly, the 0.5% of global financial assets allocated to gold are and will be rewarded not because they are just “contrarian for contrarian’s sake,” but because this remarkably small/informed minority are wise enough to think ahead rather just follow the sell-side sirens (and the crowd).

Which Needle Will Pop the Red Debt Ballon?

For now, and in the surreal backdrop of spiking markets and a Main Street on its knees and waiting for the “wealth effect” of a feudalistic rather that capitalistic financial system, all we can do is stare at the greatest debt bubble in history and guestimate which needle will “pop” it…

Will it be spiking rates colliding with the white swan of unprecedented global debt? A derivative market implosion? A geopolitical black swan? Another war? A collapsing Japan? China? America? A fractured/fragile EU? An immigration-lead fracturing of social order?

Who knows.

With so many needles pointed at a now historically unfathomable (and mathematically unpayable) red debt balloon, the actual needle that pricks us is rarely the one we see coming…

A Bank Needle?

As in 2008, the next crisis may come from where most crises are born, namely behind the glass doors of our stupid (and system-protected) banks…

The commercial real estate (CRE) crisis, of which I warned as far back as 2020, is anything but a minor matter.

The CRE losses on non-performing loans (NPLs) now exceeds the loss reserves at many of the largest US banks (Citi, Goldman, Wells, Morgan Stanley, JP Morgan etc.)

The Fed’s Real Mandate

Ironically, however, I don’t worry about these silly banks, because their Rich Uncle Fed’s real mandate is not inflation and employment, but making sure the foregoing banks, from which the Fed was un-naturally spawned, do not fail.

Bank regulators, who are just former bank executives, will meet FOMC and Treasury “experts” in DC and paste-together more back-room extend and pretend programs (which is how all failed banks deal with their failing loans and leadership) to provide the bigger boys with needed “grease” (i.e., liquidity) to stay alive (via forced yet subsidized UST, MBS and syndicated CRE/ABS purchases) as the Fed, once again, decides between saving the banking system or the currency.

Needless to stay, the suspense is hardly killing any of us who know how DC and Wall Street work.

In other words, expect more mouse-clicked trillions to save Uncle Fed’s spoiled banking nephews in a NYC which has slowly become not only a den of thieves, but a half-way house for millions of illegals which we like to call “asylum seekers” …

Ah, the American Dream, ah, the city that never sleeps…and the nightmare that never ends for every inflation-braced Main Street from Sea to Shining Sea.

Big Trouble in Little China

Of course, the US is not alone with yet another real estate cancer. China’s CRE crisis is arguably and mathematically worse.

But is that any real consolation to those facing an increasingly debased Greenback and unloved UST?

Are we supposed to be happy that our currency and bonds, though awful, are still better (for now, at least) than China’s?

Well, if our Dollar and IOU are so relatively special, why are the yields on our 10Y UST spiking 200 basis points above the CGB (Chinese Government Bond) yields?

Well, unlike the US, China is not pretending to be above total control over its markets and people, a trend which will come to the West once its childish leaders are forced into a debt corner.

History’s Sad Pattern

As I’ve warned for years, the syllogism from debt-crisis to market-crisis to currency and inflation crisis, followed by social unrest and then increased centralization from the extreme left or right is a pattern as old as history itself.

China has no shame about overt capital controls or state-owned banking.

But are our Fed-supported TBTF banks any less “centralized” just because their CEO’s get paid like capitalists despite being bailed out like state-sponsored entities?

We have had Wall Street socialism for years, but have put a nice “free market” lipstick on what is in essence just an “insider” pig.

Based on the trends above, and the pattern just described, the slow-drip toward more currency debasement, inflation and centralized (and capital) controls (think CBDC) in the wake of social unrest (from truckers and tractors fighting their “lords” from NYC to Berlin) is not only here and now, but the tragic road ahead.

This pattern of centralization, sadly, is just history and math. The cycles will play out. And gold, though no cure-all for all the overt and covert sins of our failed leadership, will at least be a cure for our failed currency.

Saturday morning’s headlines are dominated by the news that “Rubymar,” a bulk carrier, that was hit by missiles from Yemen’s Houthi rebels last month, has finally sunk. This marks the first vessel to be fully destroyed in the multi-month Red Sea crisis. 

However, there’s more Red Sea crisis news hitting the wires.

The British military’s United Kingdom Maritime Trade Operations Center, which monitors Middle East waterways, posted on X around 0700 ET that it had received a report of a commercial vessel attack about 15 nautical miles west of Al-Mukha, also known as Mokha, a port city in southwestern Yemen on the Red Sea coast. 

“The crew took the vessel to anchor and were evacuated by military authorities. The vessel has dragged anchor and now in position 13-21.19N 042-57.64E, and is down by the stern, bows remain above waterline,” UKMTO said. 

Details about the attack and the vessel remain limited at this time. This story is developing.

By Michael Msika, Bloomberg Markets Live reporter and strategist

The US has the Magnificent 7 tech giants charming investors and driving up valuations. Europe — depending on which strategist you ask — has the Seven Wonders, the Super 7 or the GRANOLAS.

The Mag 7 imitators highlight Europe’s unfulfilled ambitions for its own supergroup of stocks. The continent’s companies are hobbled by relatively lower earnings, sluggish economic growth and this cycle’s heavy preference for US big tech — all curbing the Stoxx Europe 600’s returns to about half of those on the S&P 500 in 2024. Nevertheless, Europe has some strong arguments.

“These monikers are a great way to remind investors that there’s attractive stocks in Europe too, and at cheaper valuations than in the US,” says Citigroup strategist Beata Manthey. As a consequence of the zero-rates era when US growth stocks were “the natural place to flock to,” Europe now has solid, yet “underestimated” companies, she says.

The strategist adds that in contrast to the US, it’s unusual for Europe to showcase a narrowing market — where growth is concentrated in a select number of stocks. This could be good news, however, as historically stocks tend to rise in the 12 months following narrowing episodes, albeit with higher volatility.

The US has the Magnificent 7 tech giants charming investors and driving up valuations. Europe — depending on which strategist you ask — has the Seven Wonders, the Super 7 or the GRANOLAS. The Mag 7 imitators highlight Europe’s unfulfilled ambitions for its own supergroup of stocks. Beata Manthey, Citigroup Global Markets Global Equity strategist discusses with Francine Laqua on Bloomberg Pulse.

As the market rally could stay narrow, Manthey has identified European megacaps who could be the continent’s own Magnificent 7. Her “Super 7” includes Novo Nordisk, ASML, LVMH, SAP, Schneider, Richemont, and Ferrari. These stocks are cheaper than the Mag 7, offer similarly attractive margins and have underperformed the Mag 7 by 70% since the start of 2023, “leaving room for catch-up,” she says.

As shown in the chart above, seven stocks have accounted for nearly 70% of the Stoxx 600’s 3.3% rally this year. Across the pond, the Magnificent 7 account for 23% of the S&P 500’s market cap and 50% of returns year to date. The US group is up 14% YTD, more than twice the return of the benchmark.

In Europe, the list of would-be super-stocks varies from one strategist to another, with some core large caps always present. Societe Generale strategists, led by Roland Kaloyan, have coined the “Seven Wonders of Europe,” including Novo Nordisk, ASML, LVMH, SAP, Siemens, Schneider and Hermes. It touts the “earnings champions” as global players with limited domestic exposure, which are more diversified than the Mag 7.

SocGen strategists say the rising weight of megacaps is becoming an issue at the country level, as big stocks approach funds’ limits. “Few investors are comfortable with dedicating more than 10% of their funds to a single stock, if they are even allowed to, a threshold recently reached by ASML in the Euro Stoxx 50,” they say.

Europe’s 10 largest caps now account for over 20% of the Stoxx 600, getting close to the peak of 22% reached during the tech bubble in 2000. While large caps have carried the benchmark’s performance, European equities continued to suffer outflows, shedding $8 billions this year, while US peers gained $13 billion in inflows, EPFR Global data show.

But let’s give to Caesar what belongs to Caesar: Goldman Sachs strategists created a megacap acronym for Europe back in 2020, during the first lockdown. GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L’Oreal, LVMH, Astrazeneca, SAP and Sanofi have since been the “GRANOLAS.” The group has performed like the Mag 7 since the start of 2022, with half their volatility, and are 30% cheaper.

“The GRANOLAS exhibit qualities that we expect to predominate in this cycle: strong earnings growth, low volatility, high and stable margins, and strong balance sheets,” say strategists including Guillaume Jaisson, who remain overweight the group. “They also stand to benefit from the structural shift toward passive investment and the lack of liquidity in the European equity market.”

A US official confirmed to CBS News on Friday night that fishermen off the coast of Alaska have found what appears to be a “pretty big balloon.” Speaking with government sources, other corporate media outlets said the debris could be a Chinese spy balloon.

The crew of the commercial fishing vessel managed to lift the debris out of the water and is hauling it back to a port in Alaska sometime this weekend. 

🚨#BREAKING: A Commercial Fishermen has spotted suspected spy balloon off the coast of Alaska

📌#Alaska | #USA

A Commercial fishermen off the coast of Alaska has discovered what officials fear might be another spy balloon, and they’re bringing it to shore. Three sources… pic.twitter.com/1MkjdqyEL3

— R A W S A L E R T S (@rawsalerts) March 1, 2024

Sources tell CNN that FBI agents will meet the vessel when it arrives at port. Agents will then load the debris into a plane, where it will be analyzed at the FBI lab in Quantico, Virginia. This is the same lab that has analyzed other Chinese surveillance balloons. 

“The fishermen shared photographs of the object with law enforcement upon encountering it,” the sources said.

CNN pointed out: 

All three sources emphasized that it wasn’t clear exactly what the object was and that it may not be a balloon at all — but that the FBI determined that it was similar enough in appearance to a foreign-government-owned surveillance balloon that it warranted further investigation.

The FBI acknowledged the debris in a statement last night:

“We are aware of debris found off the coast of Alaska by a commercial fishing vessel. We will work with our partners to assist with the logistics of the debris recovery.”

This comes one week after a mysterious high-altitude balloon was intercepted by NORAD fighter jets over Utah – and one year after a Chinese surveillance balloon was shot down off the coast of South Carolina.  

Authored by Steve Watson via Modernity.news,

A theatre in the West End of London has received fierce criticism for planning to host two nights of a play where white people will not be welcome, in a so called “Black Out”.

The production of Slave Play, which will star the Game of Thrones actor Kit Harington, will run at the Noël Coward theatre, with dates on 17 July and 17 September, only being open to an ‘all-Black identifying audience’.

The theatre describes the events, claiming “Black Out nights are the purposeful creation of an environment in which all-Black identifying audience can experience and discuss an event in the performing arts, film, athletic and cultural spaces – free from the white gaze.”

White theatre goers BANNED from attending ‘Black-Only’ theatre night in London.

Upcoming West End theatre show for ‘Slave Play’ will have “black out nights” for “black identifying audience’ and will ban any white people from attending two special performances so that theatre… pic.twitter.com/XvBy9rBS6L

— Oli London (@OliLondonTV) February 29, 2024

Jeremy O Harris, the playwright of Slave Play, which tells the story of three interracial couples role-playing while on a plantation, told the BBC “I think that one of the things we have to remember is that people have to be radically invited to a space to know that they belong there. In most places in the West, poor people and black people have been told they do not belong inside in a theatre.”

“People have to be radically invited into a space to know that they belong there.”

Playwright @JeremyOHarris explains ‘Black Out’ nights of the West End run of ‘Slave Play’ – inviting only people who identify as Black or Brown to buy tickets for select performances.#BBCWato pic.twitter.com/dDainPWDwj

— The World at One (@BBCWorldatOne) February 27, 2024

Exactly who is telling black people that now in 2024 in London isn’t explained.

He continues, “There are a litany of places in all of our countries that are generally inhabited by only white people. No one is saying by inviting black audiences here you are uninvited. The idea of a Black Out night is to say this is a night where we are specifically inviting black people to fill up this space and feel safe.”

It really does sound a lot like the production has decided to make a point of ‘uninviting’ white people from attending the two shows, or banning them more accurately.

Commenting on the move, co-founder of the Conservatives Against Racism for Equality Albie Amankona urged “Disgraceful, a British theatre banning native Brits. We should not import American style race relations to the UK. ‘Black people & poor people’ have never been told ‘you do not belong in Theatres’ Americans should keep their reverse Jim Crow crap to themselves.”

People in Britain uncomfortable with the “white gaze” should emigrate.

What is keeping you here? I am tired of this sh*t.

You think an African or Caribbean country would do something so self-hating as to ban the native population from a play?

🤡 posing as anti-racists. pic.twitter.com/fFyGhsHh2w

— Albie (@albieamankona) February 29, 2024

Amy Gallagher, the Mayoral candidate for London’s Social Democratic Party, told The Telegraph that the move is “definitely racist,” adding “excluding anyone on the basis of skin colour in this way is racist.”

“They seem to be reverting to a critical race theory definition of racism whereby, according to Ibram X. Kendi, we need present discrimination, against white people, to make up for past discrimination,” Gallagher further noted.

“They say they want to be free from the “white gaze” which, of course, means white people, but they will not go as far to say white people as it would be illegal,” Gallagher urged.

Nickie Aiken, Conservative MP for the Cities of London and Westminster, has written to Culture Secretary Lucy Frazer about the theatre performances, noting “At a time when we see domestic racial tensions running high, why a west end theatre thinks it is acceptable to encourage racial segregation is beyond me.”

A spokesperson for the British Prime Minister told The London Evening Standard that the actions of the production are “concerning,” adding “clearly restricting audiences on the basis of race would be wrong and divisive.”

Harris issued a bizarre response stating “Hey 10 Downing Street and Rishi Sunak… there’s literally a war going on…maybe the death of thousands of Palestinian children should be more “concerning” than a playwright attempting to make the West End more inclusive to those who aren’t historically invited there.” 

Empire Street, the production company behind the London stretch of the play, also issued a statement, refuting the suggestion that white people will be banned, stating “As the producers of Slave Play in the West End, our intent is to celebrate the play with the widest possible audience. We want to increase accessibility to theatre for everyone.”

“The Broadway production conceived of black out nights and we are carefully considering how to incorporate this endeavour as part of two performances in our 13-week run. We will release further details soon. To be absolutely clear, no-one will be prevented or precluded from attending any performance of Slave Play,”  the statement also claimed.

It is illegal in the UK to turn anyone away from an event such as a play in a theatre based on the colour of their skin.

Hence that statement, but everyone knows what the real intention behind such ‘black out’ nights, which have previously been implemented before in London and New York, and have even spread to places like Canada.

My wife is brown, I am white, and all of our kids are mixed. My family and I will enter any theatre we wish to. You will not be able to stop us. Any attempt to do so, on the basis of race, is illegal. pic.twitter.com/w8z907J1Bx

— Mike Fairclough (@1MikeFairclough) February 29, 2024

Why are the BBC supporting a racist and his desire for racial segregation?

— soulstorm_design (David Whyte) (@slstrm_dsgn) February 29, 2024

Anyone else up for buying tickets and turning up at the “black out nights” for the ‘Slave Play’, and then suing the theatre for racial discrimination when denied entry?

— Turning Point UK 🇬🇧 (@TPointUK) February 29, 2024

This guy is absolutely giddy about being an out and proud racist. He can’t believe his luck that he’s allowed to say this stuff.

— Alexandra Marshall (@ellymelly) February 29, 2024

“They weren’t allowed to sit in the theatre with white people”. So he now wants black/ brown people to turn up and not sit with white people 😂😂
So if you are a mixed race couple. Make sure to go different days OK

— leilani dowding 🌸🚜 ☮️ (@LeilaniDowding) February 29, 2024

The man is a racist and wishes to reintroduce segregation and apartheid into the UK in 2024 🙄🤡🤦🏼‍♂️

— NeilTerry2004 (@NeilTerry2004) February 29, 2024

Some racism is OK, evidently.

— NoCsiouS (Ho/Hum) (@nebilcs) February 29, 2024

A number of of states in America enforced Jim Crow laws in the early to mid 19th century. Therefore, white people shouldn’t be allowed to visit the theatre. Makes perfect sense, no?

— Jake Welch (@JakeKieranWelch) February 29, 2024

This is shameful incitement to racial resentment and racial gaslighting. The extent of perverse justification for this boggles the mind. And shame on the feeble @kitharingtoncom for having no spine.

— JacovZ (@Jaco_v_Z) February 29, 2024

Get rid of the Equality Act if it only works in one direction

— Craig Travis (@CraigTravissimo) February 29, 2024

This is racism.

— steve kippax (@stevekippax) February 29, 2024

Can we have a white-only” night so white people can feel safe with our own kind…?

Surely this Jeremy racist wont have a problem with it…

— Jam3sMiddl3ton 🇬🇧 (@Jam3sMidd1eton) February 29, 2024

Pure racial discrimination. Segregation should have no place in our society. This is apartheid.

— Craig Bayliss (@CustardCream007) February 28, 2024

We know who the real bigots are 😉

— Jack Fielding (@JackFielding22) February 28, 2024

*  *  *

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In the latest client note, “The Flow Show: $1 Trillion Every 100 Days,” Bank of America Analyst Michael Hartnett points out how headquarters locations of mega-corporations have shifted around the country over the last three decades.

Hartnett first shows a map of the US resized by the market cap of the largest 100 companies in 1994. Notice how most of the companies were based out of New York, Texas, and California. 

Three decades later, the wealth concentration of mega-corporations has ballooned on the West Coast (not surprising), with California number one and Washington number two. Meanwhile, New York dropped to number three. 

The current distribution of wealth concentration of mega corporations on the West Coast is a bubble. This is because companies are fleeing progressive states, plagued with high taxes and violent crime, for ones like Texas, Arizona, Georgia, and Florida. 

“You have a number of companies recently that have relocated to Texas because it’s supposed to be a friendlier climate for business. And it’s suddenly not as friendly as it was,” Anthony Johndrow, cofounder and CEO of consultancy Reputation Economy Advisors, told Fortune in a separate report. 

The latest Fortune 500 companies that have moved their headquarters to Texas include:

• NRG Energy – moved from Princeton, New Jersey, to Houston
• Tesla – moved from Palo Alto, California, to Austin
• Hewlett Packard Enterprise – moved from San Jose, California, to Spring
• Oracle – moved from Redwood City, California, to Austin
• Charles Schwab – moved from San Francisco, California, to Westlake
• Caterpillar – moved from Deerfield, Illinois, to Irving
• AECOM – moved from Los Angeles, California, to Dallas
• CBRE – moved from Los Angeles, California, to Dallas

We anticipate that the West Coast bubble will continue to deflate in the coming years, with Red states such as Texas and Florida attracting more companies and people due to their safer cities and friendlier business environments.

Authored by Pepe Escobar,

Very few people in Russia and across the Global South are as qualified as Sergei Glazyev, the Minister for Integration and Macroeconomics of the Eurasia Economic Commission (EEC), the policy arm of the Eurasia Economic Union (EAEU), to speak about the drive, the challenges and the pitfalls in the road towards de-dollarization.

As the Global South issues widespread calls for real financial stability; India inside the BRICS 10 makes it clear that everyone needs to think seriously about the toxic effects of unilateral sanctions; and Professor Michael Hudson keeps reiterating current policies are not sustainable anymore, Glazyev graciously received me at his office at the EEC for an exclusive, extensive conversation, including fascinating off the record odds and ends.

These are the highlights – as Glazyev’s ideas are being re-examined, and there’s huge expectation for the green light from the Russian government for a new trade settlement model – which for the moment is in the final stages of fine-tuning.

Glazyev explained how his main idea was “elaborated a long time ago. The basic idea is that a new currency should be first of all introduced on the basis of international law, signed by the countries which are interested in the production of this new currency. Not via some kind of conference, like Bretton Woods, with no legitimacy. At the first stage, not all countries would be included. BRICS nations will be enough – plus the SCO. In Russia, we already have our own SWIFT – the SPFS. We have our currency exchange, we have correspondent relations between banks, consultation between Central Banks, here we are absolutely self-sufficient.”

All that leads to adopting a new international currency: “We don’t really need to go large scale. BRICS is enough. The idea of the currency is that there are two baskets: one basket is national currencies of all countries involved in the process, like the SDR, but with more clear, understandable criteria. The second basket are commodities. If you have two baskets, and we create the new currency as an index of commodities and national currencies, and we have a mechanism for reserves, according to the mathematical model that will be very stable. Stable and convenient.”

Then it’s up to feasibility: “To introduce this currency as an instrument for transactions would not be too difficult. With good infrastructure, and all Central Banks approving it, then it’s up to businesses to use this currency. It should be in digital form – which means it can be used without the banking system, so it will be at least ten times cheaper than present transactions through banks and currency exchanges.”

That Thorny Central Bank Question

“Have you presented this idea to the Chinese?”

“We presented it to Chinese experts, our partners at Renmin University. We had good feedback – but I did not have the opportunity to present it on a political level. Here in Russia we promote the discussion via papers, conferences, seminars, but there’s still no political decision on introducing this mechanism even on the BRICS agenda. The proposal by our team of experts is to include it in the agenda of the BRICS summit next October in Kazan. The problem is the Russian Central Bank is not enthusiastic. The BRICS have only decided on an operating plan to use national currencies – which is also a quite clear idea, as national currencies are already used in our trade. Russian ruble is the main currency in the EAEU, trade with China is conducted in rubles and renminbi, trade with India and Iran and Turkiye also switched to national currencies. Each country has the infrastructure for it. If Central Banks introduce digital national currencies and allow them to be used in international trade, it’s also a good model. In this case crypto exchanges can easily balance payments – and it’s a very cheap mechanism. What is needed is an agreement from Central Banks to allow a certain amount of national currencies in digital form to participate in international transactions.”

“Would that be feasible already in 2024, if there is political will?”

“There are some start-ups already. By the way, they are in the West, and the digitalization is conducted by private companies, not Central Banks. So the demand is there. Our Central Bank needs to elaborate a proposal for the summit in Kazan. But this is only one part of the story. The second part is price. For the moment price is determined by Western speculation. We produce these commodities, we consume them, but we do not have our own price mechanism, which will balance supply and demand. During the Covid panic, the price for oil fell to nearly zero. It’s impossible to make any strategic planning for economic development if you do not control prices of basic commodities. Price formation with this new currency should get rid of Western exchanges of commodities. My idea is based on a mechanism that existed in the Soviet Union, in the Comecon. In that period we had long-term agreements not only with socialist countries, but also with Austria, and other Western countries, to supply gas for 10 years, 20 years, the basis of this price formula was the price for oil, and the price for gas.”

So what stands out is the effectiveness of a long-term, long view policy: “We did create a long-term pattern. Here in the EEC we are looking at the idea of a common exchange market. We already prepared a draft, with some experiments. The first step is the creation of an information network, exchanges in different countries. It was rather successful. The second step will be to set up online communication between exchanges, and finally we move to a common mechanism of price formation, and open this mechanism for all other countries. The main problem is that the major producers of commodities, first of all the oil companies, they don’t like to trade through exchanges. They like to trade personally, so you need a political decision to make sure that at least half of production of commodities should go through exchanges. A mechanism where supply and demand balance each other. For the moment the price of oil in foreign markets is ‘secret’. It’s some type of colonial times thinking. ‘How to cheat’. We must create legislation to open all this information to the public.”

The NDB in Need of a Shake-up

Glazyev offered an extensive analysis of the BRICS universe, based on how the BRICS Business Council had its first meeting on financial services in early February. They agreed on a working plan; there was a first session of fintech experts; and during this week a breakthrough meeting may lead to a new formulation – for the moment not made public – to be put into the BRICS agenda for the October summit.

“What are the main challenges within the BRICS structure in this next stage of trying to bypass the US dollar?”

“BRICS in fact is a club which doesn’t have a secretariat. I can tell it, from a person that has some experience in integration. We discussed the idea of a customs union here, on the post-Soviet territory, immediately after the collapse. We had a lot of declarations, even some agreements signed by heads of state, over a common economic space. But only after the establishment of a commission the real work stated, in the year 2008. After 20 years of papers, conferences, nothing was done. You need someone who’s responsible. In BRICS there is such an organization – the NDB [New Development Bank]. If the heads of state decide to appoint the NDB as an institution which will elaborate the new model, the new currency, organize an international conference with the draft of an international treaty, this can work. The problem is that the NDB works according to the dollar charter. They have to reorganize this institution in order to make it workable. Now it works like an ordinary international development bank under the American framework. The second option would be to do it without this bank, but that would be much more difficult. This bank has enough expertise.”

“Could an internal shake-up of the NDB be proposed by the Russian presidency of BRICS this year?”

“We are doing our best. I’m not sure the Ministry of Finance understands how serious this is. The President understands. I personally promoted this idea to him. But the chairman of the Central Bank, and ministers are still thinking in the old IMF paradigm.”

‘Religious Sects Don’t Create Innovation’

Glazyev had a serious discussion on sanctions with the NDB:

“I discussed this issue with Mrs. Rousseff [the former Brazilian President, currently presiding the NDB) at the St. Petersburg Forum. I gave her a paper about it. She was rather enthusiastic and invited us to come to the NDB. But afterwards there was no follow-up. Last year everything was very difficult.”

On BRICS, “the financial services working group is discussing reinsurance, credit rating, new currencies in fintech. That’s what should be in the agenda of the NDB. The best possibility would be a meeting in Moscow in March or April, to discuss in depth the whole range of issues of BRICS settlement mechanism, from most sophisticated to least sophisticated. It would be great if the NDB sign up for it, but as it stands there is a de facto gulf between the BRICS and the NDB.”

The key point, insists Glazyev, is that “Dilma should find time to organize these discussions at a high level. A political decision is needed.”

“But wouldn’t that decision have to come from Putin himself?”

“It’s not so easy. We heard statements by at least three heads of the state: Russia, South Africa and Brazil. They publicly said ‘this is a good idea’. The problem, once again, is there is no task force yet. My idea, which we proposed before the BRICS summit in Johannesburg, is to create an international working group – to prepare in the next sessions the model, or the draft, of the treaty. How to switch to national currencies. That’s the official agenda now. And they have to report about that in Kazan [for the BRICS annual summit]. There are some consultations between the Central Banks and Ministers of Finance.”

Glazyev cut to the chase when it comes to the inertia of the system: “The main problem for bureaucrats and experts is ‘why they don’t have ideas?’ Because they assume the current status quo is the best one. If there are no sanctions, everything will be good. The international financial architecture that was created by the United States and Europe is convenient. Everyone knows how to work in the system. So it’s impossible to move from this system to another system. For businesses it will be very difficult. For banks it will be difficult. People have been educated in the paradigm of financial equilibrium, totally libertarian. They don’t care that prices are manipulated by speculators, they don’t care about volatility of national currencies, They think it’s natural (…) It’s a kind of religious sect. Religious sects don’t create innovation.”

Now Get on That Hypersonic Bicycle

We’re back to the crucial issue of national currencies: “Even five years ago, when I spoke about national currencies in trade, everybody said it was completely impossible. We have long-term contracts in dollars and euro. We have an established culture of transactions. When I was Minister of Foreign Trade, 30 years ago, at the time I tried to push all our trade in commodities into rubles. I argued with Yeltsin and others, ‘we have to trade in rubles, not in dollars’. That would automatically make the ruble a reserve currency. When Europe moved to the euro, I had a meeting with Mr. Prodi, and we agreed, ‘we will use euro as your currency, and you will use rubles’. Then Prodi came to me after consultations and said, ‘I talked to Mr. Kudrin [former Russian Finance Minister, 2000-2011], he didn’t ask me to make the ruble a reserve currency’. That was sabotage. It was stupidity.”

The problems actually run deep – and keep running: “The problem was our regulators, educated by the IMF, and the second problem was corruption. If you trade oil and gas in dollars, a large part of profits is stolen, there are a lot of intermediate companies which manipulate prices. Prices are only the first step. The price for natural gas in the first deal is about 10 times less than the final demand. There are institutional barriers. A majority of countries do not allow our companies to sell oil and gas to the final customer. Like you cannot sell gas to households. Nevertheless, even in the open market, quite competitive, we have intermediates between producer and consumer – at least half of the revenues are stolen from government control. They don’t pay taxes.”

Yet fast solutions do exist: “When we were sanctioned two years ago, transfer from US dollar and euro to national currencies took only a few months. It was very quick.”

On investments, Glazyev stressed success in localized trade, but capital flows are still not there: “The Central Banks are not doing their job. The ruble-renminbi exchange is working well. But the ruble-rupee exchange doesn’t work. The banks that keep these rupees, they have a lot of money, accrue interest rates on these rupees, and they can play with them. I don’t know who’s responsible for this, our Central Bank or the Indian Central Bank.”

The succinct, key takeaway of Glazyev’s serious warnings is that it would be up to the NDB – prodded by the leadership of BRICS – to organize a conference of global experts and open it for public discussion. Glazyev evoked the metaphor of a bicycle that keeps rolling along – so why invent a new bicycle? Well, the – multipolar – time has come for a new hypersonic bicycle.

Authored by ‘A Midwestern Doctor’ via ‘The Forgotten Side Of Medicine’ substack,

This excellent presentation meticulously breaks down exactly what went awry throughout COVID-19. What everyone needs to know is summarized below…

Ron Johnson has gradually become one of my favorite senators in American history. In 2020, he repeatedly advocated for early COVID-19 treatments to be made available to Americans (which had they been made available would have ended the pandemic).

Throughout 2021, he spoke out against the vaccine mandates and in November hosted a panel at the Senate which scrutinized the federal vaccine mandates and exposed how poorly those who experienced severe COVID-19 vaccine injuries were being treated. In January 2022, he hosted a panel which scrutinized the entire COVID-19 response, and in December of 2022, he hosted a panel focusing on everything we now know about the vaccines.

Being one of the most outspoken critics of the vaccination program in American history got him a lot of pushback, and in 2022, he decided to postpone his retirement to go through a grueling re-election campaign so there would be someone in the government who could advocate for everyone whose lives had been ruined by the COVID vaccines.

Despite being public enemy number one of the pharmaceutical industry, Johnson narrowly won, becoming the first politician in America’s history to run on the vaccine safety issue and win. Since then Johnson has kept his promise and fought for the vaccine injured (along with taking a variety of other difficult but important positions such as giving one of the most poignant speeches I’ve heard on the Ukraine War when he tried to block the Senate from continuing to fund it).

A lot of work has gone into producing each of the vaccine panels he’s hosted. On Monday, he hosted “Federal Health Agencies and the COVID Cartel: What Are They Hiding?” When it was all said and done, I believe this panel was the most effective presentation I have seen for explaining what happened throughout COVID-19 and waking people up to how much they have been lied to. Because of this I strongly encourage you to watch or share his presentation with people who you think might be open to understanding exactly what was done to all of us. This article will begin with his entire panel:

Note: I have been struggling to find the best term for these criminals. The four I’ve used are listed below; I would appreciate knowing what you think is the best one.

What’s the best term for the COVID criminals?

• The COVID Cartel

• The Pandemic Profiteers

• The Pandemic Industrial Complex

• The Biosecurity Agenda

Lastly, for those who prefer to read, a transcript of Johnson’s symposium can be found here.

Note: for each of the videos embedded within this article, I (or the Vigilant Fox) edited them down to their most important parts. A lot of time was put into this article because of the importance of what was presented.

Federal Health Agencies and the COVID Cartel: What Are They Hiding?

Since the entire panel was 4 hours long, I recognize that many of you will not be able to watch all of it. For that reason, I tried to highlight what I felt were it’s most important parts.

First, in Johnson’s opening statement, he discusses just how hard it has been over the last three years to get any of the information his office is legally entitled to from the government. For example with (Fauci’s) NIH:

We are down to the last 50 pages [of the 4000 he originally requested]. They will not release these. It’s been now going close to 2 years. This is what has been provided to us. Do you think there might be some incriminating information in this?

Likewise, these agencies have completely brushed off all evidence something is wrong. For example, with the NIH:

Just like former NIH director Francis Collins Collins told me when I asked about all the deaths being reported on VAERS, [he said], “Senator, people die.” The fact that both of these statements are as true as they are callous highlights the challenge we face in exposing the truth.

While with the FDA:

I’ve written 4 [letters on hot-lots] starting in December of 2021. The first letter compared 25,000 lots of COVID vaccine to 22,000 lots of flu vaccine. One COVID lot had 5,297 adverse reactions associated with it. The worst flu lot had a 137. So 5,300 versus 137.

365 COVID lots had more than 100 adverse events. Only 10 flu lots had more than 100. And 80% of the serious adverse events, those with emergency room visits, hospitalization, or death were associated with only 5% of the lots. So, again, to me, I’m from manufacturing. That shows to me a manufacturing process out of control.

[It] took us a year to get some kind of response and, basically, response from the agencies was, “we don’t see any variation in lots.”

Johnson then illustrates how the current political climate has undermined everything science once stood for:

“Vaccine injuries are rare.” “The benefits outweigh the risk and that the science is clear and overwhelming.” “And anyone challenging this narrative is an is an anti science conspiracy theorist.” In other words, second opinions are not allowed. To me, this attitude is the antithesis of science.

I am amazed at the knowledge mankind has obtained over the millennia. But I would argue that what we don’t know vastly exceeds what we do know. So as we pursue truth, we must pursue it with the humility that that reality demands.

Johnson’s opening statement was then followed by Robert Malone:

I’ll be succinct. The SARS CoV 2 modified mRNA based vaccine products were deployed via emergency use authorization without adequate nonclinical and clinical testing and without full disclosure of known patient risk and efficacy data. This violated well established legislatively mandated patient informed consent requirements. The FDA and HHS justified these actions as necessary due to reliance on deeply flawed modeling data indicating that SARS CoV 2 was associated with an infection fatality rate of 3.4%.

Note: the IFR was subsequently shown to average between 0.018%-0.03% for everyone under 60 and was approximately 0.506% for those between 60-69 years of age.

Subsequent clinical research experience has revealed a number of problems with the genetic vaccine technology based SARS COV 2 products, which have been marketed as vaccines. In most cases, there has been an effort to obscure or deny facts in public communication by government and pharmaceutical industry representatives.

Malone then listed the key issues with the vaccines, to which Johnson replied:

Doctor Malone, I think one of the things that always bothers me is [that] so much of what we’re learning in terms of harms of these vaccine was clearly known before they were rolled out.

Jessica Rose spoke next. After concisely summarizing all of the issues that had been found within VAERS, she concluded with:

Standard operating procedures for analysis of safety signals emergent from VAERS when utilized reveal causal links between the COVID 19 injectable products and the adverse events investigated. Standard operating procedures are not being followed by the owners of the data, namely CDC, HHS, and FDA, and this equates to hiding the millions of people reporting not only adverse events but injuries in the context of the COVID 19 injectable products.

Note: Rose also reviews the science behind why vaccinated individuals keep on catching COVID-19.

Edward Dowd then concisely presented the years of work his team has done to quantify just how devastating the vaccines have been for the world.

“You Can’t Hide the Dead Bodies” – Edward Dowd Testifies on the COVID Jabs

“One America CEO Scott Davison, in a chamber of commerce meeting, revealed that he had seen 40% excess mortality … for 25 through 64. He said that a 10% increase would be once in a 200-year-flood or… pic.twitter.com/ssxEkIYcEQ

— The Vigilant Fox 🦊 (@VigilantFox) February 26, 2024

To quote part of Dowd’s testimony:

When analyzing the excess death human cost…in 2020, there were approximately 458,000 excess deaths, of which 73% were aged 65 and older and 15 to 64 comprising just 27%. However, in 2021, with the rollout of the “safe and effective vaccine,” there were approximately another 500,000 excess deaths, but a mix shift had occurred from older to younger. In 2021, the 65 plus age category was [only] 57…while the 15 to 64 cohort increased to 43%.

The absolute excess death increase from 2020 to 2021 for the productive working age 15 to 64 was 73% [124,000 to 215,000].

The total excess death since the rollout of the vaccine in the US, including 21, 22, and 23 is approximately 1,100,000. We estimate the economic cost, productive working age people dying at $15,600,000,000 When analyzing disabilities, it’s interesting to note that there were no excess disabilities in 2020.

Using the civilian labor force, we have calculated an increase of 2,300,000 individuals with disabilities costing the economy an estimated $77,000,000,000. When analyzing lost work time, which we call injuries, we estimate 28,400,000 individuals are chronically absent resulting in an estimated economic cost of a $135,000,000,000 since 2021…Obviously, the policy cure was undeniably worse than the illness.

Kevin McKernan then discussed his groundbreaking discovery that there was widespread DNA plasmid contamination of the COVID vaccines and how horrendously the drug regulators have responded to that discovery.

This work has been replicated by many labs around the world, and now the FDA, the EMA, and even Health Canada, have admitted to this. The regulatory agents have admitted that Pfizer also omitted the SV40 sequences that are in their vaccine. They’ve deemed this contamination to be of little consequence, claiming the DNA is of too little concentration to matter or to be containing DNA of no functional consequence. These statements are false and are not supported by any independent testing by these regulators.

After the regulators have admitted to being deceived, they asked the opinion of the party that deceived them how bad was the deception. They shockingly believe the answer they were given, which is that these sequences have no relevance to plasmid manufacturing. As someone who has worked on the Human Genome Project manufacturing millions of plasmids, I can assure you that this is an overt lie. DNA contamination can lead to insertional mutagenesis. This is actually declared in Moderna’s own patent regarding the mRNA vaccines.

This is also supported by Lim et al, which speaks to the rate of spontaneous integration in the genome during transfection. We are using transfection after all with LMPs. The SV40 DNA is in fact functional. It is published as a potent gene therapy tool in a nuclear targeting sequence as described by David Dean et al.

The SV40 promoter DNA is also known to bind to the tumor suppressor gene known as p53.

Note: p53 defects are commonly linked to cancers.

We’ve applied these vaccine system cancer cell lines and have evidence that it enters the cell and can survive several cell divisions. We have preliminary evidence, although this requires replication in other labs, that this DNA can integrate into the genome. We found 2 spike sequence integration events in ovarian cancer cell lines of CAR 3 into chromosome 12 and 19 very recently. Since these vaccines were expected to only contain mRNA, they were never assessed for genotoxicity studies. These studies were therefore being conducted as guinea pig US citizens as we witnessed an unprecedented rise in cancer drug sales since the vaccines rolled out.

It is time for our representatives to repeal or review the PDUFA Act of 1992.  This act allows regulators to defray the cost of regulation by accepting payments directly from the companies they regulate. Over half of the FDA’s budget is sourced through this act.

Note: I discussed the significance of the vaccine plasmid contamination in more detail here.

Dr. David Gortler (who previously served as a senior advisor at the FDA) then explains why the contamination and widespread variability we are seeing in the vaccines (e.g., the hot lots) being completely ignored is so unprecedented:

Federal rules requiring ingredient transparency date all the way back, believe it or not, to 1862 [and] it’s the whole reason the FDA was started in 1906. Prior to COVIDsRNA injections, the FDA had approved 4 different RNA based products. Onpattro, shown here, was the 1st RNA product approved back in 2018…as you can see by looking at this label, Onpattro prominently details the exact structure, milligram strength, and molecular weight. Highlighted in green at the very top, you’ll see it specifies [what its] lipid nanoparticles are engineered for.

In contrast to the previous labels I’ve shown, here is the official FDA label for COVID RNA injections. As you can see just looking at it, it details a lot less information. We don’t [even] have the structure.

Of note, in pharmacology, even very minor deviations in any molecular structure can mean the difference between a drug and a poison…The lack of transparency means that scientists can’t use modeling to test lipid nanoparticles for safety receptor specificity or analyze inequality [in batches of those products].

Unfortunately, around 70% of the 127 page document that explains the methodology to perform quality control on RNA injections are redacted much like the document I’ve shown here.

Next Dr. Harvey Risch discusses the “crushingly obsessive push to COVID vaccinate every living person on the planet” and provides a concise overview of the horrific bioweapons industry which gave birth to COVID-19 and then tried to pivot to vaccinating everyone rather than accept responsibility for what it had done.

Dr. Harvey Risch makes a damning case that the global push to force vaccinate the world was a strategic move to protect the bioweapons industry from scrutiny and justify its existence.

“So my hypothesis, what I believe, is that both the virus origin cover-up and the forced… pic.twitter.com/7grdLjRh5U

— The Vigilant Fox 🦊 (@VigilantFox) February 26, 2024

Note: This catastrophic industry is discussed in more detail here (e.g., I highlighted how numerous modern diseases are the results of lab leaks).

Next, Barbara Loe Fisher, an activist who has spent decades fighting for vaccine safety shared the broader context of what we are now dealing with.

I worked with parents in congress to secure safety and informed consent provisions in the National Childhood Vaccine Injury Act of 1986. It was an historic law, the first official acknowledgment by government that federally licensed and state mandated vaccines can and do injure and kill some children. In January, my eyewitness perspective of how and why child vaccine victims and their parents were betrayed after that law was passed 38 years ago, was featured in a 2 hour conversation I had on the Highwire.

I encourage everyone to watch it and learn how parents trusted that the 5 years of work we put into that 1986 act to successfully secure life saving, informing, recording, reporting, and research provisions in it, and to protect the legal right of vaccine victims to sue vaccine manufacturers for product design defects, and to sue negligent doctors for medical malpractice, and to create an expedited, more just, less traumatic federal vaccine injury compensation system alternative to a lawsuit were all destroyed by congressional amendments, by federal health agencies, and the US Supreme Court after that law was passed. Following that betrayal of trust, Congress directed federal agencies to create lucrative public private business partnerships with the pharmaceutical industry, a business deal that has broken America’s public health system.

Note: I previously wrote about how the 1986 Vaccine Injury Act forced the government to create VAERS (as parents had no way to report vaccine injuries) and ever since that time, the government has done everything it could to undermine VAERS.

Johnson then shares a poignant observation with Fisher that illustrates how effectively the pharmaceutical industry has bought out our media:

By the way,I became aware of you from that excellent documentary which I would also recommend. What struck me about [it] is back then in 1982 through 1986, you could talk about these things. You could advocate for your child who’s vaccine injured.  You weren’t ostracized. You were actually welcomed here in the senate by people like Senator Hatch and Senator Kennedy and you got this [law] signed by Ronald Reagan.

To which Fisher replies:

I never imagined when I began this work in 1982 that the day would come when I would not be able to exercise freedom of thought and conscience in the country I love. And I thank you for allowing me to exercise that right today.

Next, Bryan Hooker, the parent of a severely vaccine injured adult son shares his 23 years of work (e.g., 15 peer-reviewed papers) to get the data on vaccine injury the CDC has been hiding for decades.

“For every one child that is saved from death from COVID-19, there are 30 child deaths associated with the COVID-19 vaccine.”

Dr. Brian Hooker testifies against lack of oversight on ALL vaccines.

Study Comparing Vaccinated and Unvaccinated Children (2020):

• Vaccinated… pic.twitter.com/ynAeZaIzfX

— The Vigilant Fox 🦊 (@VigilantFox) February 26, 2024

In 1962, children received 5 vaccine doses, and in 1986, the schedule expanded to 25 doses of 5 different vaccine formulations. Shortly after the passage of the 1986 National Childhood Vaccine Injury Act, the law was amended to essentially erect a liability shield protecting vaccine manufacturers, and the schedule expanded dramatically. By 2023, 73 doses of 16 different vaccine formulations were given to children up to age 18. [As we discovered through lawsuits] the FDA approved these formulations individually only with minimal and inadequate safety testing, and the CDC has never tested the cumulative effect of the vaccine schedule on childhood health outcomes.

Since [proper trials] are really the only way to establish that a pharmaceutical product is safe, it is misinformation to state that the vaccines are safe.

However, independent researchers have assessed the outcomes of vaccinated versus unvaccinated children.

This [study] demonstrates that vaccinated children were at least twice as likely to be diagnosed with developmental delays, ear infections, and gastrointestinal disorders.

[In this study] a control group of over 1800 unvaccinated children recruited from 46 different states in the US were compared to the national average rates of the listed disorders…For each of the autoimmune, neurodevelopmental, and other disorders considered, the unvaccinated group fares much better with incidence rates between 4-20 times lower than their vaccinated counterparts.

The CDC has a database called the vaccine safety data link. It’s over 10,000,000 individuals with 2,000,000 children from 10 participating HMOs.  I would say that within that database, there were at least 10,000 unvaccinated children that can be studied.

Neither do they they publish the results [discovered from that data], nor do they let any independent scientist in to look at that information. [That’s] because [they know] the bloated vaccination schedule is responsible is in part responsible for the epidemic of chronic disorders that we see in children in the United States.

Note: Hooker also discusses the evidence the COVID-19 vaccine harms children (e.g., that it appears to kill 30 children for each child it saves from COVID and has given many of our children myocarditis).

Next, Del Bigtree discusses the decade of work he and the non-profit ICAN have conducted to get that data from the government:

In his talk, he puts the results of a recent study which monitored 99 million people for 45 days post vaccination into context. It found that their risk for a variety of severe conditions increased by 2-7 times, something which quickly adds up as you when consider how many of those “rare” conditions exist (that often take more than 45 days to appear) and how many vaccines they’ve received. These results is turn sheds a light on exactly what’s been happening to our children.

Every one of the childhood vaccines has a similar [lengthy] list of [severe] side effects. Though they are considered rare, how rare is it when you multiply roughly 50 potential side effects 72 times, which is the total number of doses given to a child by the time they’re 18. The revelations from the recent study of the COVID vaccine explains what we have been saying for years. Vaccines are not completely safe, and [though] those side effects are rare. What happens when you add them altogether?

Bigtree then shows this slide (which references this study and this study):

Next, Dr. Sabine Hazan shared how her [self-funded] research to evaluate the use of existing therapies to treat COVID-19 was blocked by the FDA, her discovery that the severity of COVID-19 was directly linked to a loss of bifidobacteria in the gut and that the vaccine also caused a loss of bifidobacteria in the gut.  She then contrasted this to how previous research she did (which supported the pharmaceutical industry) never ran into similar road blocks.
Note: I synopsized that research here.

Pierre Kory then discussed the lengthy number of mechanisms which are in place to ensure that repurposed (off-patent) drugs can never have enough evidence to be acknowledged as treatments for a disease someone is profiting off of.

Ivermectin is often recognized–2nd to penicillin–for having the greatest impact on human health. Its discovery even won the Nobel Prize.

But propagandists told you it was “horse dewormer.”

Out of 43 effective medicines for COVID, the ones approved had something in common: They… pic.twitter.com/jhk0dV4WkY

— The Vigilant Fox 🦊 (@VigilantFox) February 27, 2024

Note: this talk has already been seen by over 1.6 million people on Twitter.

Next, Christian Perron MD PhD (former chairman of the WHO’s committee on vaccines and communicable diseases) recounted how early in the pandemic, he completed a study which showed hydroxychloroquine and azithromycin dramatically lowered the death rate from COVID-19. A political backlash forced the withdraw of his study and he was fired from his 26 year professorship.

Before long France then banned the use of hydroxychloroquine and began enacting harsher and harsher sanctions against French dissidents like Perron who tried to tell the truth—eventually forcing Perron to publish in a French newspaper which had originally been created to defy the Nazis (as every other publication censored him).

Perron was followed by Raphael Lataster PhD, who is one of the leading researchers working with the BMJ (one of the top 5 medical journals) to expose the fraud within the COVID vaccine trials:

These [abhorrent] policies [e.g., the vaccine mandates] were justified via claims about the vaccine’s effectiveness and safety. Now recent research published in major medical journals reveals that these claims were highly exaggerated…we have found in the studies varying definitions of fully vaccinated and unvaccinated. And, generally, what we find with the term fully vaccinated is that they are ignoring COVID cases, COVID infections, in the partially vaccinated…that effect was found to be up to 48% using data from Pfizer’s trial as an example.

We can’t be sure what the actual exaggeration is because we aren’t supplied with all the data. So it’s impossible to actually know. But it looks like there are huge exaggerations of effectiveness because of what you could call manipulation of the data. So if these [omitted COVID cases] were included, or if even just some of these were included, we could have an effectiveness of the vaccines of around 10%…[which]is well below the 50% required for approval. Furthermore, looking to safety in the clinical trials, adverse effect counting windows are again incredibly short.

Note: Lataster also discusses many of the safety issues with the vaccines that were demonstrated within the trial data but hidden from the public (e.g., that the vaccines have a significant risk of myocarditis) and states “now Pfizer also admits that they’re still trying, this is a quote ‘to determine if Cominati is safe and effective and if there is a myocarditispericarditis association that should be noted’. That’s on clinicaltrials.gov still right now. They’re trying to find out if it’s safe and effective right now.”

Award winning investigative journalist Lara Logan then provides a poignant summary of how her profession has been hijacked by the government and how a variety of shadowy organizations now enforce this vast propaganda apparatus.  This was the most compelling part of her talk:

Lara Logan Highlights How Facebook and Google Are Not Too Dissimilar from Stalin and Hitler

“Companies like Facebook, Instagram, and Google, as you have heard many times today, have been allowed to amass monopoly power. And as a result, they not only reach billions of people… pic.twitter.com/4USaO29Bo9

— The Vigilant Fox 🦊 (@VigilantFox) February 27, 2024

Note: Her testimony was followed by one from Jason Christoff, a propaganda expert, who explained why flooding the population with a single narrative and way of thinking has caused many people to adopt completely dysfunctional beliefs at odds with everything they’d held dear

They were then followed by Rodney Palmer, who was a Canadian journalist for 20 years, sharing his perspectives on the current state of the media.

If the news reporters did their jobs instead of reporting propaganda, this fraud would have been exposed from the outset.

Censorship is what actually caused these deaths. It was the lie that assured us it was safe when it wasn’t, and it still isn’t

In America, it’s much worse. The vaccine companies are allowed to sponsor the news directly…To a visiting Canadian, the news here looks like one big ad for pharmaceutical products. It’s a bit of a culture shock when you turn on the TV. There wouldn’t even be a US newscast without Pharma ads. So the reporters on your newscasts are all conflicted.

They can’t bite the hand that feeds them. They can’t possibly investigate the most important stories of our time.

It appears that the reporters are actually colluding with their sponsors to break FDA advertising laws.  FDA law requires them to conspicuously describe the known risks of any pharmaceutical product [which news anchors promoting vaccines never do.

The good news is no one believes the TV news anymore. Only 15% of Canadians, 15%, are getting the boosters.

[The media has] now canceled lunchtime news hours. It’s canceled weekend newscasts. After these reporters are laid off, we’ll only be left with the trusted favor of the trusted faces of our favorite news anchors, delivering the propaganda of the day, instead of the news of the day. But when those trusted faces are telling us lies, they’re like a super weapon aimed directly at us. The news anchors are now the finger on the trigger in that game of Russian roulette.

When the news is poisoned, so is Democracy…most every other country is letting this happen, but where goes America, so goes the world. You have a unique role in setting the moral tone for Western democracies.

So I respectfully recommend that the senate investigate the role of American television news networks, including with pharmaceutical advertisers to skirt the FDA laws that require them to declare the known risks of a pharmaceutical product. This investigation should extend to any reporters, news anchors, editors, and executives who lied to their audience about the safety of the COVID vaccines.

Note: Palmer also describes how he gradually saw the corrupting influence of the pharmaceutical industry enter Canada’s media over the last decade. One of the most compelling observations he shared was that during the pandemic, the doctors who spoke on television didn’t talk like doctors but instead appeared to have corporate media training, which he took as an early sign a lengthy PR campaign was being enacted to sell as many vaccines as possible.

Next, Matthias Desmet provided a concise summary of the crowd psychology which explained how it was possible for so many people to refuse to see what was being hidden from them, even thing after thing happened which made it clear we were all being lied to:

Note: I recently completed an article relating Desmet’s work on crowd psychology to how individuals commonly become trapped in cults and dangerous spiritual practices.

Brett Weinstein then describes the institutional breakdown gripping our society and the malicious forces which are taking away each thing we had previously depended upon for truth and justice (e.g., our premier scientific apparatus).  I wanted to quote one exchange he had with Johnson:

[Johnson] Now I kind of want to ask you, I describe my eyes being opened up, certainly during COVID to a number of things…Can you just describe your [red pill] journey here?

[Weinstein] Well, I think we are all on a similar journey. I did not think that I was naive 7 years ago, and then I learned that I had been very naive and I keep learning that lesson. Each new discovery reveals that I was missing something that was right in front of me, and I think that’s actually the hallmark of the exact pattern I’m describing.

Canadian Randy Hillier served in Ontario’s parliament for 15 years and was the first member to publicly oppose his government’s response to COVID. Like Canada’s citizens, Hillier was targeted by the government for doing so, and argues we are at the tip of a slippery slope with this.  In this part of his testimony, he shares how Ontario’s leadership told him they made the decision to continually coverup the damage of the COVID policies because they felt the political consequences would be too severe if they admitted their mistakes:

Next, Dr. Sorin Titus Muncaciu shared his experience as a Romanian member of parliament who watched the central authorities use every tool at their disposal to forcefully vaccinate Romania.

We are a party having probably 10% of the votes we got in the parliament in 2020, and we, from the very beginning of this pandemic, we decided that the rights of the people to decide if they accept, or [do not accept receiving] an experimental drug should be respected.

When the European Union started behaving like the USSR with those commissars coming to us and mister Barnier came to Romania. This gentleman was the commissioner for internal affairs of the European Union and pushed us, pushed the Romanian parliament to vote [for COVID vaccine mandates].

But in Romania the problem they face is that we are 40 years after a communist dictatorship, 30, 34 years after a communist dictatorship. And it’s in our genes to distrust the government because we knew every time a communist government is saying anything or is directing anything, we knew that’s a lie, that’s something that we should not trust or we should not follow.

We did everything in the book that we could to stop that and we stopped it. And, as a consequence to that, the Romanian rate of vaccination was probably less than half of what the other European countries experienced or United States, Canada and Australia [experienced]. And, therefore we can compare now the low rate and the excess mortality. And that’s the best proof I can bring to the table is the fact that having a relationship between a low rate of vaccination and low excess mortality, which is right there you see it on the, Romania is the last country on the right which means we have negative excess mortality while all the other countries in Europe have positive excess mortality.

Rob Roos (a European member of Parliament) and Phillip Kruse (a lawyer) then discussed who actually funds the WHO and the disastrous treaty it is trying to sneak through which will force everyone to comply with the pandemic cartel and silence anyone who challenges their next pandemic response.

Note: I discussed this treaty and the grass roots effort to stop it in more detail here. I consider that article to be one of the most important articles I’ve published on Substack.

Finally, Ryan Cole concluded the talk by discussing how he was punished for speaking out, how everything which happened throughout the pandemic has violated our fundamental constitutional rights and how critical it is for us to reclaim what our Founding Fathers fought for.

Dr. Ryan Cole Delivers Impassioned Testimony: “Give Me Liberty or Give Me Death!”

🔥🔥🔥

“When I became a physician, I did not give up my constitutional rights, the right to freedom of speech enumerated in the First Amendment.”

“The censorship we’ve endured, the gaslighting,… pic.twitter.com/fwCR7VLcan

— The Vigilant Fox 🦊 (@VigilantFox) February 27, 2024

Note: for anyone considering being a whistleblower, Johnson requested for you to contact his office here.

Conclusion

Since Johnson packed this presentation with so many impactful points, it was quite hard to decide which was the best one to conclude it with. Eventually however, I settled on this one, which while brief, I believe is the critically important message all Americans can agree with:

It is remarkable how much each successive panel Johnson has hosted has improved upon the one which preceded it. I consider this to be both a product of how dedicated each participant has been to fixing this mess and how much the alternative media has facilitated the production of high quality information that has rapidly unravelled the immensely complex web we were trapped within.

Without each of your supporting the wonderful community of dissident authors on Substack, much of this would likely have never happened, and I thank each of you from the bottom of my heart for giving me the opportunity to be part of it.

Lastly, if you have anyone close to you who is on the fence about the vaccines, please consider sharing this article or a video of Johnson’s panel with them; it’s something than can persuade people who are at last beginning to become open to hearing the truth and we have reached the moment where it is critical for the truth to reach as many people as possible.

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