The Fraud Continues: States Defy Feds' Phony Recommendations; Treasury Self-Dealing With Federal Reserve; Remdesivir Fake Medicine

The levels of fraud and corruption at the highest echelons of government, business, finance, and media are astonishing.



A few examples:

FEDERAL GUIDELINES FOR RE-OPENING STATES

States are quickly moving forward on reopening their cities, countries, stores, and service businesses after as much as seven weeks of virtual lockdown and social distancing recommendations from the federal government have rendered their economies little more than zombified, debt-ridden vestiges of the recent past.

The governors of the individual states were provided guidelines by the feds to follow as protocol for safe re-openings, including a declining number of new COVID-19 cases reported over a 14-day period. No state has achieved that metric, though more than 40 are already at some stage of operational functionality.

It's not the states which are - in open defiance of the non-binding federal guidelines - committing fraud or demonstrating any kind of corrupt practice, it is the federal government, in their feeble attempt to keep businesses closed down, effectively destroying the American economy by way of suggesting guidelines to which states could not possibly have adhered.

As the federal emergency declaration ended on April 30, at the same time and prior to that date, the federal government was urging more vigorous testing and rushing tests to states, in full knowledge that the tests for coronavirus would result in higher numbers of positive cases. Not only are a majority of states now testing for the presence of the virus, but they are also testing for antibodies, an indicator that the subject - whether showing symptoms or not (mostly the latter) - had the virus and has either recovered or is recovering. By default, those test results will be added to the number of positive cases for COVID-19, on the assumption that the presence of antibodies confirms coronavirus at some past date.

Thus, the federal government will be able to show increasing numbers of infections and possibly assert that states re-opened too soon and should go back to shutdown mode. That's a fraud because the reason for more positive cases appearing in states is due to increased testing and piling on antibody test results, not that the disease is spreading at a more rapid rate.

What will be telling are the number of deaths from the virus. If there are more positive cases appearing, but the number of deaths slows or remains relatively the same, it would be clear that the virus is neither as deadly as previously assumed nor as prevalent in the most at risk segments of the population.

REMDESIVIR AND HYDROXYCHLOROQUINE

It was widely reported last week that a drug developed by Gilead Sciences (GILD), remdesivir, produced positive results in clinical trials and was fast-tracked by the FDA for front-line use by hospitals in treatment of COVID-19, despite there being no evidence whatsoever that the drug produced anything more than a lessening of time to recovery of roughly 30%. There was no reduction in mortality rates or severity of illness. Remdesivir costs about $1000 a dose, which will be paid out by health insurance companies or more likely, the federal government.

Meanwhile, all news and scientific enquiry into the widely-used, generic Malaria treatment, hydroxychloroquine, has been barred from public consumption, despite many studies showing its efficacy in shortening the time of illness, and lessening the severity of illness. It is also being widely used around the world as a prophylactic, along with zinc and vitamins C and D, as a preventative measure. The drug is available widely for about one daller per dose.

The government, medical community, and media have concocted a story wherein the less-effective $1000 a pop drug that doesn't work very well in combating the disease is preferred over the proven-to-be-effective one dollar drug.

SOCIAL DISTANCING

This one is simple. Anyone urging people to social distance by six feet is either a fraud or a moron. It's widely known that this coronavirus is transmitted by aerosol, through tiny droplets which can suspend n the air over a distance of up to 29 feet, and it also remains active in ventilation systems, like those on cruise ships, apartment buildings, hospitals, stores, malls, everywhere.

FEDERAL RESERVE AND THE TREASURY

When congress passed the CARES Act and the president signed the $2.3 trillion into law, one provision was $450 billion from the exchange stabilization fund to the Federal Reserve. The Exchange Stabilization Fund (ESF) is a U.S. Department of Treasury emergency reserve fund which includes holdings of U.S. dollars (USD), other foreign currencies, and special drawing rights (SDR) funds.

This allowed the Fed to leverage that money 10 times or more in loans or outright bailouts to banks, failing companies, strapped municipalities and other connected entities. It effectively made the US treasury a shareholder in the Federal Reserve, a private bank, putting taxpayer money into the mix.

It was announced on Monday that the Treasury would be issuing $3 trillion of bonds to cover the costs related to the CARES Act and COVID-19. These bonds will eventually end up in the hands of the Federal Reserve, of which the Treasury Department is a shareholder.

In the private sector, this would be known as self-dealing, a crime punishable by a good length of time in prison for the perpetrators and/or a hefty fine and barring from financial markets.

In the case of the Fed and Treasury, it's business as usual. Nobody is questioned on the legality of it and nobody goes to jail. Bear in mind, all of this money is a further debt burden to American taxpayers.

When this news came out Monday morning, stocks erased their sizable losses and ended narrowly positive.

Those are just the tip of a proverbial iceberg of fraud and deception.

Generally speaking, Americans are gullible, kind, and fairly easy-going. There are elements of the population, however, that understand enough about politics, mathematics, medicine, and the law to be hopping mad. The American public is being defrauded by its own government, business, medical, and business leaders.

When will enough people say, "enough is enough," and demand change or seek retribution?

At the Close, Monday, May 4, 2020:
Dow: 23,749.76, +26.07 (+0.11%)
NASDAQ: 8,710.71, +105.77 (+1.23%)
S&P 500: 2,842.74, +12.03 (+0.42%)
NYSE: 11,056.28, -2.29 (-0.02%)