No comment, I’m just making sure you get the chance to learn what I’ve learned. Very Important Lists instalment #5
“The Jerusalem Post is proud to present its 2020 list of the 50 Most Influential Jews. Many people influence the world we live in and impact our daily lives. This year, we strived to create a list showcasing the diversity of the Jewish nation while highlighting people from all walks of life – government, art, medicine, literature and science.”
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In the dialogue, mediated by a translator, Bolsonaro cast doubts on social isolation measures, the obligation to have a vaccine passport and on the vaccination of children. He also criticized the judiciary, which, according to him, concentrated powers on governors and mayors and said he was accused of genocide for “politics”…
‘We’re removing the dislike button to save creators from depression”
BONUS:
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Sometimes my memes are 3D. And you can own them. Or send them to someone. You can even eat some of them. CLICK HERE
Thanks dr. Zelenko for the link, I await your response on my little inquiry!
vigiaccess.org – scroll down, accept the terms, then search ‘covid-19 vaccine’.
The data, as of October 3, 2020, spaks for itself:
DISTRIBUTION
HERE COMES A VERY TROUBLING PART:
how?!?!
I’ll wait for an explanation, meanwhile we’re set for Nuremberg2!
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French citizen among six held over plan to kill Madagascar president -minister
ANTANANARIVO, July 23 (Reuters) – A French citizen is among six people arrested on suspicion of involvement in a plot to kill Madagascar’s president, the Indian Ocean island’s public security minister said, and a second official said the president’s security had been tightened.
“One of the arrested people is French, two of them are bi-national – Malagasy and French. The three others are Malagasy,” Rodellys Fanomezantsoa Randrianarison told a news conference late on Thursday.
Madagascar’s attorney general said on Thursday police had arrested the six following what officials said was a months-long investigation. read more
Patrick Rajoelina, an adviser to President Andry Rajoelina, told Reuters on Friday that two of those arrested had previously worked in the French military.
The French Foreign Affairs Ministry said it had been informed of French nationals’ arrests and that they could obtain consular help if they asked for it.
Madagascar’s President Andry Rajoelina attends a meeting to discuss the 20th replenishment of the World Bank’s International Development Association, in Abidjan, Ivory Coast July 15, 2021. REUTERS/Luc Gnago/File PhotoRead More
A spokesman for the French armed forces told Reuters he had no comment.
Patrick Rajoelina added that unspecified measures had been taken to tighten the president’s security. “The evidence is tangible and we certainly do not take this lightly,” he said.
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The rare media reports on this case only mention WHO’s chief scientist, but after obtaining the original legal notice from IBA, we find out that Tedros and one more doctor are equally indicted. The best part is that they repeatedly use the term “conspiracy”, and, finally, someone uses it correctly.
Quick update as of July 14th, 2021: I’ve just learned of two more similar court cases that also involve Bill Gates, Fauci and GAVI, among others. Currently analyzing the documents and digging for more info. I will report more ASAP.
LEGAL NOTICE FOR CONTEMPT OF COURT AGAINST DR. TEDROS ADHANOM GHEBREYESUS, DR. SOUMYA SWAMINATHAN AND THE DIRECTORATE GENERAL OF HEALTH SERVICES (DGHS)
LEGAL NOTICE FOR CONTEMPT OF COURT AGAINST DR. TEDROS ADHANOM GHEBREYESUS, DR. SOUMYA SWAMINATHAN AND THE DIRECTORATE GENERAL OF HEALTH SERVICES (DGHS)
The accused are served legal notice for their attempt to undermine the authority of the Bombay High Court and obstruct the use of Ivermectin for Covid-19 treatment.
On 13th June 2021, Indian Bar Association has served a notice upon Dr.Tedros Adhanom Ghebreyesus, Director General, World Health Organisation, Dr.Soumya Swaminathan, the Chief Scientist at WHO and Prof. (Dr.) Sunil Kumar for contempt of judgment of Bombay High Court.
The Bombay High Court vide its judgment dated 28th May 2021 has already given a green signal for use of Ivermectin for treatment of Covid-19.
Despite this, all the three contemnors have hatched a conspiracy and by spreading misinformation through media, are fuelling confusion amongst doctors by introducing Guidelines allegedly published on 27th May 2021 by DGHS, which are in fact not mandatory and are overruled by the judgment of Bombay High Court dated 28thMay 2021.
The State Government of Goa, in their affidavit filed before Bombay High Court, has specifically pointed out that the WHO advisory against the use of Ivermectin is flawed and the research showed that the Ivermectin is effective for treatment of COVID-19. The Bombay High Court on 28th May 2021, after considering WHO advisory and all other contentions of the rival parties, came to the conclusion that the use of Ivermectin cannot be stopped. The High Court has also taken the note of the guidelines dated 17th May 2021 issued by Indian Council of Medical Research (ICMR), thereby advocating the use of Ivermectin.
Thereafter, a detailed and impactful article was published by the leading newspaper ‘Free Press Journal’ on 6th June 2021 (updated on 14th June 2021) wherein the author has articulated very well as to how the advisories of WHO are dubious.
Surprisingly, in its first, the Directorate of Health Services (DGHA) on 27th May, 2021 announced ‘Comprehensive Guidelines for Management of COVID-19 patients’ which excludes Ivermectin and several popular drugs.
It is worthwhile to note that DGHS is a repository of technical knowledge and is an attached organisation of the Ministry of Health & Family Welfare. The Guidelines/National Protocol have always been issued by the Joint Task Force of All India Institute of Medical Science (AIIMS) and Indian Council for Medical Research (ICMR) under the aegis of Government of India. Moreover, the document containing these impugned Guidelines does mention version/date and does not carry logos of Government of India, ICMR and AIIMS,suggesting lack of consensus between DGHS and the Joint Task Force.
Now, in order to diminish the impact of the article published on 6th June, 2021, the main accused Dr. Soumya Swaminathan hatched a conspiracy and managed some media houses to publish news on 7th June, 2021 for appreciating the overruled guidelines dated 27th May, 2021. Some of these media houses have showed astounding alacrity in publishing news hailing removal of Ivermectin and other drugs, thereby deliberately ignoring the mountains of clinical data on effectiveness of Ivermectin in treatment of COVID-19.
These impugned Guidelines issued by DGHS were circulated first on 7th June 2021, without any mention of the judgment of Bombay High Court dated 28thMay, 2021, which in fact is against the said guidelines, rendering these guidelines as null and void.
As per the judgment of Supreme Court of India, the person responsible for spreading information with object of creating confusion and to obstruct and undermine the judgment of court is liable for punishment under contempt of Court. Sections like 505,192,302, 115,109,409,120(B) of the Indian Penal Code are also attracted against the accused in this case, as their intention was to kill several people to fulfil their ulterior purposes.
The maximum punishment in above cases is death penalty.
The notice states that Dr. Soumya Swaminathan and the WHO are dishonest and have no scientific evidences to back their advisories and such loose statements are issued from time to time, to serve their ulterior purposes.
The relevant part of the notice reads this:
“53.1. Each time and particularly from following specific instances, it is sufficiently proved that You Notice 1 & 2 do not possess any authentic and scientific evidences;
i) When the earlier Notice was served on Notice 1 on 25.05.2021, she has neither replied to the notice nor has she approached any court of law against us. On the contrary, she chose to delete the controversial tweet advising against the use of Ivermectin for COVID-19;
ii) When the Health Secretary of the State Government of Goa relying on affidavit of Under Secretary of Union of India made their submission on oath before Hon’ble High Court, with specific allegations against WHO that there are reports which have observed that the analysis by WHO on this medicine (IVERMECTIN) is flawed and that the mortality rate is actually much lower if the said medicine is used for early treatment as well as prophylaxis, neither you Notice 1 or 2 chose to produce any proof to counter the said report. As a result, Hon’ble High Court has refused to accept the advisory of WHO.
iii) When All India Institute of Medical Science (AIIMS) had published a statement on 24.05.2021 that there is no evidence to predict the third wave and its effect on children, you Notice 1 did not give any “Evidence” in support of your statement dated 25.05.2021 which was contrary to the said statement of AIIMS.
After you Notice 1 were served with legal notice on 25.05.2021, you feared for being exposed and being summoned in Court of Law and therefore you Notice 1 took a U turn and stated that there is no sufficient evidence to suggest that children would be affected in the third wave.
The agenda of misinformation is also exposed in the statement published in Press Bureau of India on June 8, 2021
“It is a piece of misinformation that subsequent waves of the COVID-19 pandemic are going to cause severe illness in children. There is no data – either from India or globally – to show that children will be seriously infected in subsequent waves.”
53.2. So it is crystal clear that You Notice 1 & 2 do not have scientific evidence except jugglery of words and you are thoroughly intellectually dishonest people who are playing with the lives and livelihood of the common people across the world.
However, in order to expose your intellectual dishonesty to the entire world, this notice is being served, calling for an explanation within 7 days of the receipt of this notice.”
The legal notice also explains the law of damages in India citing recently cases where Court had ordered compensation of Rs. 100 Crores ((USD 13.5 mn) to the aggrieved party, for loss of his reputation. Since the present matter involves death caused due to denial of early treatment resulting in deterioration and death of person, the damages claimed would be much higher that Rs. 100 Crores.
The notice also explains the liability of Dr. Tedros Adhanom Ghebreyesus, Director General of WHO, for his act of commission and omission and also for his implied consent to the conspiracy.
In the similar manner, the DGHS Prof. (Dr.) Sunil Kumar is joined in as co-accused for his complicity in the conspiracy.
The three possible explanations for such an intense opposition to the use of highly promising, well-tolerated off-label medicine as Ivermectin are explained very well in following article:
“As a generic, Ivermectin is cheap and widely available, which means there would be a lot less money to be made by Big Pharma if it became the go-to early-stage treatment against covid.
Other pharmaceutical companies are developing their own novel treatments for Covid-19 which would have to compete directly with Ivermectin.
If approved as a covid-19 treatment, Ivermectin could even threaten the Emergency Use Authorisation granted to covid-19 vaccines.
It’s worth noting that while India’s DGHS has dumped most cheap off-patent treatment options against Covid, including even multivitamins, more expensive patented medicines continue to get the green light. They include Gilead’s prohibitively expensive antiviral Remdesivir, which DGHS continues to recommend for “select moderate/ severe hospitalised COVID-19 patients”, even though “it is only an experimental drug with potential to harm.” It has also authorised the use of the anti-inflammatory medicine to cilizumab, which costs hundreds of dollars a dose.” – IBA
I’m not very optimistic, I see this as another attempt to cement the existence of a fake virus in the collective mental, but either way this goes, the implications are huge. Consider that WHO didn’t act alone, Big Tech, mass-mediots and politicians would be affected by the same logic and principles. And if this falls flat, it’s only going to signal more corruption to the general population.
BUT, MOST IMPORTANTLY, IF THESE DRUGS ARE OFFICIALLY RECOGNIZED AS EFFICIENT AGAINST COVID-19, THEN THERE HAS NEVER BEEN A LEGAL BASIS FOR EMERGENCY STATES / EMERGENCY AUTHORIZATIONS FOR EXPERIMENTAL INJECTIONS DISGUISED AS VACCINES
If approved as a covid-19 treatment, Ivermectin could even threaten the Emergency Use Authorisation granted to covid-19 vaccines.
IBA
Demand from India to #ArrestDrTedros grows louder on social media
Dr Tedros Adhanom Ghebreyesus, Director-General, World Health Organisation
Panjim: The call from journalist and social activist Savio Rodrigues encouraging people of India to raise their voices on social media platform Twitter demanding arrest Dr Tedros Adhanom Ghebreyesus is growing louder.
#ArrestDrTedros is currently trending in India.
Savio Rodrigues is the Founder & Editor-in-Chief of GoaChronicle.com. The online new portal has been exposing the complicit role of Dr Tedros during the coronavirus pandemic due to his closeness with China. In fact, Rodrigues, opines that China backed Dr Tedros to the position of Director-General of the World Health Organisation (WHO) and Dr Tedros in turn was China’s puppet in WHO
Rodrigues in his several informative articles has raised questions on the dereliction of duty and cover-up of China’s questionable actions by the Director-General of (WHO).
Earlier today Rodrigues called for the people of India to unite and demand for the arrest of Dr Tedros, post the publishing of his article:
— Wg Cdr Nitin Purandare (Retd) 🇮🇳 (@nitinpurandare) April 11, 2020
Rodrigues opines : “The World Health Organisation under the leadership of its Director-General Dr Tedros Adhanom Ghebreyesus failed in its core responsibility to detect a health crisis and contain the spread of this contagious virus globally.
It instead chose to side with China – the nation from which the coronavirus originates and was the first epicentre of the virus. It is from Wuhan, China that the China Virus has spread globally to reportedly 180 countries.
We can go pontificating on different theories of the blame game. The political leaders can continue to play their own political games. Nothing will ever change the truth.
The truth is that this is a virus that has come out of a lab. The truth is that China had knowledge about its human-to-human transmission as early as December. The truth is that Dr Tedros relied on the report of the Chinese Health Authorities in his statement on January 14, 2020, “No clear evidence of human-to-human transmission. The truth is that China has withdrawn the lockdown in Wuhan and city is back to normal business will the rest of the world is under lockdown.
But the most horrific truth is people are dying. They will continue to die. We have crossed 100,000 deaths but the count will not cease, it will only keep on increasing.”
Whether Dr Tedros is arrested is a question that can only be in answered in time but what is important to state the noise to get him to step down from his post is certainly getting louder.
Tedros is met with treason and genocide accusations even in his own country, Ethiopia, but the government there simply doesn’t have the balls to anger Tedros’ allies issuing and arrest warrant to complete the investigation. However, the chief of Ethiopian military, as well as much of Indian media and population, don’t seem to hold back anymore. It’s doubtful he’s ever going to step home again.
After India finally gets somewhat of a grip on its deadly second wave, one of its health regulators just took away one of its main lines of defense.
India’s Directorate General of Health Services (DGHS) has executed a policy reversal that could have massive implications for the battle against covid-19, not only in India but around the world. Hundreds of thousands, if not millions of lives, could be at stake. The health regulator has overhauled its COVID-19 treatment guidelines and removed almost all of the repurposed medicines it had previously recommended for treating asymptomatic and mild cases. They include the antibiotic doxycycline, hydroxychloroquine, zinc, ivermectin and even multivitamins. The only medicines that are still recommended for early treatment are cold medicines, antipyretics such as paracetamol and inhaled budesonide.
“No other covid-specific medication [is] required,” say the new guidelines, which also discourage practitioners from prescribing unnecessary tests such as CT scans.
“Patients are advised to seek tele consultation; and Covid-19 appropriate behaviour must be observed such as mask, strict hand hygiene and physical distancing… [Patients are also advised to maintain] a healthy diet with proper hydration… [and] to stay connected [with family] and engage in positive talks through phone, video-calls, etc.”
The decision to remove ivermectin, multivitamins and zinc from the treatment guidelines is hard to comprehend given the current state of play in India — unless one assumes foul play. After suffering one of the worst covid-19 outbreaks since the pandemic began, resulting in the loss of hundreds of thousands of lives, India is not just flattening the curve, it is crushing it. And the widespread use of ivermectin, a potent anti-viral and anti-inflammatory with an excellent safety profile, appears to have played an instrumental role.
This is the last thing the World Health Organization (WHO) and the pharmaceutical companies whose interests it broadly represents want. As such, it was no surprise that WHO was delighted with the DGHS’ policy reversal. “Evidence based guidelines from @mohfw DGHS – simple, rational and clear guidance for physicians,” tweeted WHO’s chief scientist Soumya Swaminathan, of Indian descent. “Should be translated and disseminated in all Indian languages.”
As a generic, ivermectin is cheap and widely available, which means there would be a lot less money to be made by Big Pharma if it became the go-to early-stage treatment against covid.
Other pharmaceutical companies are developing their own novel treatments for Covid-19 which would have to compete directly with ivermectin.
If approved as a covid-19 treatment, ivermectin could even threaten the emergency use authorisation granted to covid-19 vaccines.
It’s worth noting that while India’s DGHS has dumped most cheap off-patent treatment options against Covid, including even multivitamins, more expensive patented medicines continue to get the green light. They include Gilead’s prohibitively expensive antiviral Remdesivir, which DGHS continues to recommend for “select moderate/ severe hospitalised COVID-19 patients”, even though “it is only an experimental drug with potential to harm.” It has also authorised the use of the anti-inflammatory medicine tocilizumab, which costs hundreds of dollars a dose.
Crushing the Curve
The DGHS began recommending the widespread use of ivermectin as early as April, in direct contradiction of the recommendations of the World Health Organization. Treatment packs were assembled in many states and distributed to patients testing positive for Covid. In at least two states — Goa and Uttarakhand — the medicine was distributed as a preventive. As has already happened in over 20 countries where ivermectin has been used — from Mexico, the Dominican Republic and Peru to Slovakia, the Czech Republic and Bangladesh — case numbers, hospitalizations and fatalities have fallen in almost vertical fashion. On Monday the country recorded its lowest number of new cases in 61 days.
“When we started seeing more cases, we decided to take up a door-to-door survey,” Bagalkot District Health Officer Dr Ananth Desai told New India Express. “When the health officials noticed people with symptoms during the survey, they tested them immediately and provided them with home isolation kits, which had medicines like Ivermectin, calcium and zinc tablets along with paracetamol. We advised the patients to start with the medication even before their Covid-19 test results came out. With these measures, we noticed that many patients recovered faster. This helped in increasing the recovery rate”.
In India’s capital, Delhi, the number of people testing positive for Covid-19 daily has fallen 97% from a peak of 24,000 on April 24. The number of deaths is down by around 85%. Only 17% of the total beds earmarked for Covid-19 treatment in Delhi and around 40% of the ICU beds were occupied late last week, according to the government’s Delhi Corona app. At the peak, there were days when no ICU beds were available in the city.
Out of the Darkness, But For How Long?
Just over four weeks ago India was in a very dark place. At one point it was accounting for almost half of all global cases and one in every four covid-19 deaths. The government had lost complete control. Four weeks later, the country, while not out of the woods, is in a much better place. While the official numbers of cases and deaths are probably still a fraction of the real numbers, the trend is clearly moving in the right direction.
An important reason for that is that doctors in India have been treating covid patients as early as possible — something that isn’t happening in most countries, particularly rich ones that play an outsized role in setting global health policy. In India early treatment has helped to reduce the number of cases becoming acute. And that has helped to reduce the pressure on hospitals and vital resources such as oxygen. Ivermectin also appears to have helped reduce the spread of the virus, thanks to its potent anti-viral properties.
Just about everywhere ivermectin is used, the number of cases, hospitalizations and deaths fall precipitously. Of course, this is only a temporal correlation. But nonetheless a clear pattern across nations and territories has formed that strongly supports ivermectin’s purported efficacy. And that efficacy has been amply demonstrated in dozens of clinical studies and multiple meta-analyses. But it’s not proof enough for global health authorities, which have set the bar for ivermectin so high that it’s almost impossible to straddle.
Of course, other factors such as lockdowns, travel restrictions and increased herd immunity have also played a part in India’s rapid turnaround. But vaccines’ role has been minimal given that just 16 doses have been administered per hundred people. It’s going to take many more months, if not longer, to vaccinate a majority of the population. In the meantime, hundreds of millions of people will remain unprotected from the virus. Many will end up catching and transmitting it. Yet the Directorate General of Health Services has taken away one of the country’s only lines of defense.
It remains to be seen whether state governors and health bureaucrats will comply with the recommendations. For the moment the separate treatment protocols recommended by India’s Ministry of Health and Family Welfare (MOHFW) and the Indian Council of Medical Research (ICMR) continue to include ivermectin. As such, many doctors are likely to continue prescribing the medicine. But what happens if MOHFW and ICMR follow the DGHS’ lead and also drop ivermectin. Will doctors stop using a medicine they know to work against a virus that has already caused so much devastation?
India’s most populous state, Uttar Pradesh, has been using ivermectin since last summer. In this second wave the turnaround was so dramatic that even the World Health Organization (WHO) showcased its achievements. In a May 7 article titled “Going the Last Mile to Stop Covid-19” the WHO noted that aggressive population-wide health schemes, including home testing and “medicine kits”, had helped regain control of the virus. But what the WHO failed to mention is what was in those medicine kits.
Instead, three days later WHO’s chief scientist Soumya Swaminathan, of Indian descent, tweeted out a reminder that ivermectin is not recommended to treat covid-19 patients. The tweet included a press release issued by the company that manufactures the drug, Merck, saying it had found no evidence to support the use of ivermectin in the treatment of COVID-19. Merck, it’s worth recalling, is developing an antiviral compound, molnupiravir, that will have to compete directly with ivermectin, one of the cheapest, safest drugs on the planet — unless, of course, ivermectin is taken out of the picture.
A Cautionary Tale
But if that happens, the result is likely to be a lot more deaths. Peru, the first country to use ivermectin against Covid, is living proof of that. The medicine was first used in eight states during the very early stages of the pandemic (May-July). After showing promise, it was extended to the whole country. Excess deaths dropped 59% (25%) at +30 days and 75% (25%) at +45 days after day of peak deaths. But in October, after the first wave had been brought under control, a newly elected government in Lima took the inexplicable step of withdrawing a number of medicines, including ivermectin, from its treatment guide for the disease.
Within weeks hospitalizations and deaths were soaring once again. The graph above, taken from a study by Juan Chamie, Jennifer Hibberd of the University of Toronto and David Scheim of the US Public Health Service, shows the sharp rise, fall and resurgence in excess deaths (among the over 60 year-old cohort) in Peru as the virus waxed, waned and waxed again. Since Peru dropped ivermectin the virus has raged through the population. Peru now has the highest per-capita death rate from covid on the planet. It’s a cautionary tale that India, with a population more than 30 times that of Peru, would do well to heed.
To be updated
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Detection and comparative analysis of persistent measles virus infection in Crohn’s disease by immunogold electron microscopy Daszak, Peter, Purcell, Matthew, Lewin, Jackie, Dhillon, Amar P, Pounder, Roy E and Wakefield, Andrew J (1997) Detection and comparative analysis of persistent measles virus infection in Crohn’s disease by immunogold electron microscopy. Journal of Clinical Pathology, 50(4), pp. 299-304. ISSN (print) 0021-9746 Official URL: http://www.ncbi.nlm.nih.gov/pubmed/9215145
AFTER THAT, HE GOT 77 NOBEL PRIZES AND 31 MEDICAL ASSOCIATIONS TO BACK HIS AND FAUCI’S GAIN-OF-FUNCTION RESEARCH
Peter Daszak – who donated to Hillary Clinton 13 times in 2016 – serves as the president of EcoHealth Alliance, a research organization that has partnered with the Wuhan Institue of Virology (WIV) – the very same lab many count as the source of COVID-19.
The type of research conducted by the group in tandem with the WIV prompted concern among National Institutes of Health officials for its role in COVID-related research, as outlined in a letter by NIH’s Deputy Director for Extramural Research Dr. Michael Lauer.
“It is our understanding that one of the sub-recipients of the grant funds is the Wuhan Institute of Virology (‘WIV’). It is our understanding that WIV studies the interaction between corona viruses and bats. The scientific community believes that the coronavirus causing COVID-19 jumped from bats to humans likely in Wuhan where the COVID-19 pandemic began. There are now allegations that the current crisis was precipitated by the release from WIV of the coronavirus responsible for COVID-19. Given these concerns, we are pursuing suspension of WIV from participation in Federal programs.”
Chinese State Media.
While speaking at a conference sponsored by state-run media outlet China Global Television Network (CGTN), Daszak also revealed that he was a recipient of Chinese Communist Party cash.
He revealed he “has been working in China in collaboration with Chinese scientists and the government of China for over 15 years supported by federal funding from the U.S. and federal funding from China.”
Daszak has praised and attended the Beijing-based World Conference on Science Literacy, which is sponsored by the scientific group China Association for Science and Technology (CAST) that “serves as a bridge that links the Communist Party of China and the Chinese government to the country’s science and technology community.”
He has also appeared on panels at a CGTN-sponsored conference in cooperation with the Chinese Society for Science and Technology Journalism, a subsidiary of CAST. .
The zoologist obtained his Ph.D. in parasitic infectious diseases from the University of East London – a college ranked 116th of 130 in the country.
He has repeatedly appeared on CGTN, including praising the network as “fantastic” and “great” and defending scientific collaboration with the Chinese Communist Party as “important”
EcoHealth Alliance, Daszak’s nonprofit group, routed $600,000 in taxpayer funds to the WIV in form of subgrants as part of a project to study bat-based coronaviruses in China, funding that was terminated by the National Institutes of Health in May 2020.
From the onset of the pandemic, Daszak has denied he has a conflict of interest with the WIV, a claim that Rutgers University professor of chemical biology Richard H. Ebright said in April was a “brazen lie.
"'I have no conflicts of interest,' said Peter Daszak"
The WHO has defended its decision to appoint Daszak to the investigation of its COVID-9 origins despite accusations that his involvement mires the probe with major conflict of interests.
The WHO investigative panel shelved plans last week to release an interim report detailing how it concluded that it was “extremely unlikely” that COVID-19 could have accidentally leaked from the WIV. ”
Despite working at the onset of the pandemic to suppress debate on the lab leak theory, Daszak said former White House strategist Steve Bannon and the Chinese Falun Gong religious sect, which financially backs the Epoch Times newspaper and faces persecution from the Chinese Communist Party, are the ones responsible for China’s decision to block an outside investigation of the pandemic’s origins for over a year after the initial outbreak.
“I’ve seen incredible efforts from everything from Falun Gong to … Steve Bannon’s group pushing the conspiracy theories around China,” Daszak said during Wednesday’s panel discussion. “It’s useful to them. They’re funding it and pushing it and science has been to some extent caught up in that to other instances absolutely crushed by it.”
“We’ve not had access to work in China on the origins for the last 12 months, which is ironic because we could have been on the ground there working with our Chinese colleagues and by now we could have found some really important answers,” he said. “The rhetoric has held that up.”
Life is good when you share the bill with both Wakefield and Fauci
Science’s COVID-19 reporting is supported by the Pulitzer Center.
Seventy-seven U.S. scientists who have won a Nobel Prize today asked Francis Collins, director of the National Institutes of Health, and Alex Azar, secretary of Health and Human Services, to “act urgently” to review a controversial NIH decision to terminate a grant that supported research into bat coronaviruses in China. NIH’s explanation for killing the grant was “preposterous,” the laureates write.
On 24 April, NIH informed the nonprofit EcoHealth Alliance, led by wildlife disease specialist Peter Daszak, that it was ending a grant, first awarded in 2014 and renewed in 2019 because it no longer aligned with the agency’s priorities. The move came after Conservative U.S. politicians and media suggested—without evidence—that the coronavirus causing the pandemic escaped from a laboratory in Wuhan, China, that employs a Chinese virologist who had received funding from the grant. The termination also came 1 week after President Donald Trump, when asked about the project at a press conference, said: “We will end that grant very quickly.”
In their letter, the Nobel laureates say they “are gravely concerned” about that decision. “We believe that this action sets a dangerous precedent by interfering in the conduct of science and jeopardizes public trust in the process of awarding federal funds for research. … Now is precisely the time when we need to support this kind of research if we aim to control the pandemic and prevent subsequent ones.”
They write that “despite the high relevance of the studies to the current pandemic, and despite the very high priority score that his application for renewal had received during peer review, the NIH informed Dr. Daszak and his colleagues that the grant was being terminated because ‘NIH does not believe that the current project outcomes align with the program goals and agency priorities.’ Such explanations are preposterous under the circumstances.”
Azar and Collins should, they write, “act urgently to conduct and release a thorough review of the actions that led to the decision to terminate the grant, and that, following this review … take appropriate steps to rectify the injustices that may have been committed in revoking it.”
The signers of the letter include researchers who won a Nobel Prize as recently as 2019, and as long ago as 1975.
The letter from the scientific societies was organized by the American Society for Biochemistry and Molecular Biology (ASBMB). “Our aim with this effort is to stand up for a scientific enterprise that should be free of political influence on sound scientific research,” said Benjamin Corb, public affairs director for ASBMB, in a statement. “The continued politicization of science during this pandemic crisis is an alarming trend that is risking not only the integrity of science, but also the lives of citizens.
The Honorable Francis S. Collins Director National Institutes of Health 9000 Rockville Pike Bethesda, MD 20892 May 20, 2020 Director Francis Collins: We, the undersigned scientific organizations representing tens of thousands of members of the American biomedical research enterprise, are alarmed by the National Institutes of Health’s revocation of a peer-reviewed research grant for studies of coronaviruses by EcoHealth Alliance. Not only is this decision counterintuitive, given the urgent need to better understand the virus that causes COVID-19 and identify drugs that will save lives, but it politicizes science at a time when, if we are to stamp out this scourge, we need the public to trust experts and to take collective action. The foundation of the American biomedical research enterprise rests on two principles: international collaboration and a robust peer-review process. Both must be vigilantly upheld. The abrupt revocation of the NIH grant for the EcoHealth Alliance concerns us for two primary reasons: First, the decision seems to be a reaction to a theory about the origins of the COVID-19 virus that the intelligence community itself has publicly repudiated. EcoHealth Alliance at one point collaborated with a lab in Wuhan, China, which has recently been at the center of rumors about the origin of the pandemic. The overall goal of EcoHealth Alliance’s research project is to study coronavirus transmission from species to species. But the purpose of the research project has been conflated with these rumors. This is worrisome. International collaboration has propelled the American research enterprise to achieve vital innovations and discoveries; it is the gold standard for the scientific community. The United States is a beacon for the best and brightest minds, consistently attracting top scientists from around the world. However, with this incident, international collaboration is being portrayed as a threat. The scientific enterprise requires diversity, and American scientists depend on their international colleagues to pool resources, expertise, and ultimately make scientific breakthroughs. Second, the decision sets a dangerous precedent by revoking a grant that was awarded based upon scientific merit without a justifiable rationale such as issues related to scientific or financial fraud or misconduct. This grant is highly and uniquely relevant to all NIAID priorities to address the current COVID-19 pandemic. Most extramural research funds are awarded through a robust peer-review process. Scientists, not politicians, determine the merit of grant applications, and grant recipients are expected to be careful stewards of taxpayer dollars. Throughout the lifetime of a grant, each recipient communicates regularly with scientific review officers at the funding agency and produces progress reports providing evidence that the work remains valuable and on track. This has been the norm and until April 24, 2020 was applied to the now terminated grant. That has now been breached and this action must not become the norm going forward. The scientific community urges federal funding agencies and policymakers to ensure the transparency, openness, and collaborative nature of the American biomedical research enterprise. We call on the NIH to be transparent about their decision-making process on this matter. We urge federal funding agencies to safeguard the American biomedical research enterprise. The action taken by the NIH must be immediately reconsidered. Respectfully, The American Society for Biochemistry and Molecular Biology The Academy for Radiology and Biomedical Imaging Research The American Association for Anatomy The American Institute of Biological Sciences The American Physiological Society The American Psychological Association The American Society for Investigative Pathology The American Society for Virology The American Society of Ichthyologists and Herpetologists The Association of Anatomy, Cell Biology and Neurobiology Chairs The Association of Biomolecular Resource Facilities The Association of Medical and Graduate Departments of Biochemistry The Association of Schools and Programs of Public Health The Biophysical Society The Botanical Society of America The Conference Board of Mathematical Sciences The Endocrine Society The Entomological Society of America The Federation of American Societies for Experimental Biology The Genetics Society of America The HIV Medicine Association The Infectious Diseases Society of America The Natural Science Collections Alliance The North American Vascular Biology Organization The Shock Society The Society for Freshwater Science The Society for the Study of Amphibians and Reptiles The Society for the Study of Reproduction The Society of Toxicology
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! Articles can always be subject of later editing as a way of perfecting them
Sometimes my memes are 3D. And you can own them. Or send them to someone. You can even eat some of them. CLICK HERE
Remember Silverstein, the dude who cashed some billions insurance for the WTC towers that fell on 9/11? I’ve often likened that event and the Plandemic and guess what: the Plandemic has its own Silversteins. Possibly same ones at the top of the tops.
May 2016 – The World Bank announces the creation of the Pandemic Emergency Financing Facility (PEF)
The event took place at the G7 Finance Ministers and Central Governors meeting in Sendai, Japan. The PEF is a scheme to channel funding to countries facing a major disease outbreak with pandemic potential.
2017 – The creation of theGlobal Preparedness Monitoring Board
The Global Preparedness Monitoring Board (GPMB) is an independent monitoring and accountability body co-convened by the World Bank and World Health Organization, created in response to recommendations by the UN Secretary General’s Global Health Crises Task Force in 2017.
Despite progress made since the West Africa Ebola crisis in 2014/15, GPMB’s 2019 report, A World At Risk noted an increasingly dire risk of widespread epidemics, and found that the world remained unprepared. GPMB warned that epidemic-prone diseases like Ebola, influenza and SARS were increasingly difficult to manage in the face of prolonged conflict, fragile states, and forced migration.
June 2017 – World Bank Launches First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility
Washington, DC, June 28, 2017 – The World Bank (International Bank for Reconstruction and Development) today launched specialized bonds aimed at providing financial support to the Pandemic Emergency Financing Facility (PEF), a facility created by the World Bank to channel surge funding to developing countries facing the risk of a pandemic.
This marks the first time that World Bank bonds are being used to finance efforts against infectious diseases, and the first time that pandemic risk in low-income countries is being transferred to the financial markets.
The PEF will provide more than $500 million to cover developing countries against the risk of pandemic outbreaks over the next five years, through a combination of bonds and derivatives priced today, a cash window, and future commitments from donor countries for additional coverage.
The transaction, that enables PEF to potentially save millions of lives, was oversubscribed by 200% reflecting an overwhelmingly positive reception from investors and a high level of confidence in the new World Bank sponsored instrument. With such strong demand, the World Bank was able to price the transaction well below the original guidance from the market. The total amount of risk transferred to the market through the bonds and derivatives is $425 million.
“With this new facility, we have taken a momentous step that has the potential to save millions of lives and entire economies from one of the greatest systemic threats we face,” World Bank Group President Jim Yong Kim said. “We are moving away from the cycle of panic and neglect that has characterized so much of our approach to pandemics. We are leveraging our capital market expertise, our deep understanding of the health sector, our experience overcoming development challenges, and our strong relationships with donors and the insurance industry to serve the world’s poorest people. This creates an entirely new market for pandemic risk insurance. Drawing on lessons from the Ebola Outbreak in West Africa, the Facility will help improve health security for everyone. I especially want to thank the World Health Organization and the governments of Japan and Germany for their support in launching this new mechanism.”
The World Bank announced the creation of the PEF in May 2016 at the G7 Finance Ministers and Central Governors meeting in Sendai, Japan. The PEF will quickly channel funding to countries facing a major disease outbreak with pandemic potential. Its unique financing structure combines funding from the bonds issued today with over-the-counter derivatives that transfer pandemic outbreak risk to derivative counterparties. The structure was designed to attract a wider, more diverse set of investors.
The PEF has two windows. The first is an ‘insurance’ window with premiums funded by Japan and Germany, consisting of bonds and swaps including those executed today. The second is a ‘cash’ window, for which Germany provided initial funding of Euro 50 million. The cash window will be available from 2018 for the containment of diseases that may not be eligible for funding under the insurance window.
The bonds and derivatives for the PEF’s ‘insurance’ window were developed by the World Bank Treasury in cooperation with leading reinsurance companies Swiss Re and Munich Re. AIR Worldwide was the sole modeler, using the AIR Pandemic Model to provide expert risk analysis. Swiss Re Capital Markets is the sole book runner for the transaction. Swiss Re Capital Markets and Munich Re are the joint structuring agents. Munich Re and GC Securities, a division of MMC Securities LLC are co-managers.
Swiss Re Capital Markets Limited, Munich Re and GC Securities were also joint arrangers on the derivatives transactions.
The bonds will be issued under IBRD’s “capital at risk” program because investors bear the risk of losing part or all of their investment in the bond if an epidemic event triggers pay-outs to eligible countries covered under the PEF.
The PEF covers six viruses that are most likely to cause a pandemic. These include new Orthomyxoviruses (new influenza pandemic virus A), Coronaviridae (SARS, MERS), Filoviridae (Ebola, Marburg) and other zoonotic diseases (Crimean Congo, Rift Valley, Lassa fever).
PEF financing to eligible countries will be triggered when an outbreak reaches predetermined levels of contagion, including number of deaths; the speed of the spread of the disease; and whether the disease crosses international borders.
The determinations for the trigger are made based on publicly available data as reported by the World Health Organization (WHO).
Countries eligible for financing under the PEF’s insurance window are members of the International Development Association (IDA), the institution of the World Bank Group that provides concessional finance for the world’s poorest countries. The PEF will be governed by a Steering Body, whose voting members include Japan and Germany. WHO and the World Bank serve as non-voting members.
The World Bank has developed some of the most innovative catastrophe risk insurance instruments in the market to help developing countries manage risk. In the past ten years the institution has executed approximately $1.6 billion in catastrophe risk transactions.
IBRD Pandemic Bonds Distribution by Investor Type and Location
Distribution by Investor Type
Class A
Class B
Dedicated Catastrophe Bond Investor
61.7%
35.3%
Endowment
3.3%
6.3%
Asset Manager
20.6%
16.3%
Pension Fund
14.4%
42.1%
Distribution by Investor Location
Class A
Class B
US
27.9%
15.0%
Europe
71.8%
82.9%
Bermuda
0.1%
2.1%
Japan
0.2%
0.0%
IBRD Pandemic Bonds Summary Terms and Conditions*
Type of Note
Class A
Class B
Issuer:
International Bank for Reconstruction and Development
International Bank for Reconstruction and Development
Trade Date:
June 28, 2017
June 28, 2017
Final Size (Bond only)**
USD 225 million
USD 95 million
Settlement Date:
July 7, 2017
July 7, 2017
Scheduled Maturity Date:
July 15, 2020 extendable monthly in whole or in part, up to a maximum of 12 months following the Scheduled Maturity Date
July 15, 2020 extendable monthly in whole or in part, up to a maximum of 12 months following the Scheduled Maturity Date
Issue Price:
100%
100%
Bond Coupon:
6m USD LIBOR +6.50%
6m USD LIBOR +11.10%
Covered Perils:
Flu, Coronavirus
Filovirus, Coronavirus, Lassa Fever, Rift Valley Fever and Crimean Congo Hemorrhagic Fever
Redemption Amount:
The Notes will not be fully repaid if an event occurs
The Notes will not be fully repaid if an event occurs
(*) Please see the Supplemental Prospectus for a detailed description of the Terms and Conditions of the bonds, the related risks with regard to an investment in the bonds and the relevant offering restrictions. Any offer of the bonds will solely take place on the basis of the Supplemental Prospectus prepared by the World Bank or on behalf of the World Bank. (**) There was an additional $105 million size done in the derivatives market.
Our take out from this? Remember the strange numbers reported during the first “casedemic of 2020”? They determined how much money WB pays and to whom. But WB and the funky bunch are also behind WHO, so it’s safe to say controlled the situation at all times and could arbitrarily decide whatever.
2018 – World Bank Group’s Pandemic Emergency Financing Facility (PEF) Welcomes Australia as New Donor
WASHINGTON, JUNE 21, 2018 — The World Bank Group’s Pandemic Emergency Financing Facility (PEF) welcomes Australia as a donor to the PEF, joining Japan and Germany. Australia is contributing US$7.2 million to the PEF’s Cash Window, which was set up through an initial contribution from Germany. Australia will also now be a voting member of the PEF Steering Body.
“With this contribution to the PEF, Australia is supporting the scaling up of national and international responses to infectious disease outbreaks,”said the Hon Julie Bishop MP, Minister for Foreign Affairs, Australia. “We are committed to working with international partners to reduce the risk of global pandemics and improve health security for all.”
“The PEF ensures that we break the cycle of panic and neglect which has so far characterized the global approach to pandemics,” said Annette Dixon, Vice President, Human Development at the World Bank Group. “It is a key example of the World Bank Group’s commitment to creating innovative financing mechanisms to tackle complex global challenges, working with country governments, donors, international partners and the private sector.”
“The robust and swift contribution of the PEF just in the past week has underlined its role as a new model for financing pandemic response with speed and flexibility,” said Mukesh Chawla, Coordinator of the PEF and Advisor, World Bank Group. “It ensures that money is never the reason holding back effective response.”
The PEF, set up by the World Bank Group in partnership with Japan, Germany, the World Health Organization (WHO), and private sector partners, has been operational since July 2017 and consists of both a cash and an insurance component. The PEF’s $425 million Insurance Window with premiums funded by Japan and Germany, consists of bonds placed on the capital markets. This would be triggered if a much larger, multi-country response is needed. All activation criteria are based upon publicly available data provided by the WHO. The PEF covers 78 of the world’s poorest countries against pandemic threats and is the first mechanism to be expressly designed for this purpose.
The Pandemic Emergency Financing Facility (PEF) – a financing mechanism housed at the World Bank – is designed to provide an additional source of financing to help the world’s poorest countries respond to cross-border, large-scale outbreaks. The PEF complements the much larger role that IDA, the World Bank’s fund for the poorest countries, and other international organizations and donors play in financing outbreak response. The PEF’s design is unique in that payments can go directly to governments and pre-approved frontline responder organizations (such as WHO & UNICEF) and it can do so through either its cash window — or once triggered through its insurance window.
February 2020 – Is the whole thing is designed to fail?
The Street does a really good job at explaining the scheme: “In June 2017, the World Bank — the international financial institution that provides loans to poorer countries — sold around $425 million (€391 million) worth of bonds and derivatives aimed at providing financial support to developing countries facing the risk of a pandemic.
The less risky tranche of the bonds will not be paid back to investors if there are more than 2,500 deaths in developing countries as a result of a pandemic. Although China has recorded more than this number of deaths, the World Bank does not designate it a developing country.
By far the riskier of the two bonds is “Class B,” which sold $95 million in bonds (compared to $225 million for the less risky “Class A,” explained above). For Class B, if the disease crosses an international border and if there are at least 20 deaths in that second country, the investors’ money will be paid to developing countries dealing with the outbreak.
I do not come up with $425 million total. $225 million plus $95 million does not total $425 million.
Only those class B bonds are going to trigger.
An international crisis is brewing. There are 19 deaths in Iran, 12 in Italy, and 12 in South Korea.
One more death in Iran is all it takes unless there are other restrictions.
Designed to Fail
Bodo Ellmers, the director of the Global Policy Forum’s sustainable development finance program told the Financial Times the instrument was “useless.”
“You obviously want to prevent a pandemic but it only pays out when it becomes a pandemic,” he said.
Olga Jones, who worked as an economist at the World Bank for three decades, said it was absurd that discussions for a second round of bonds for what is known officially as the Pandemic Emergency Financing Facility (PEF) had begun, as they were effectively “designed to fail.”
Many critics have also pointed to the fact that the severe attack of Ebola that hit the Democratic Republic of Congo in 2018 did not meet the conditions to trigger payment of the pandemic bonds despite the fact that almost 500 people died and that it was one of the largest outbreaks ever recorded.
Payout and Maturity
The Class A bonds feature an interest rate of 7% while the Class B bonds’ rate is 11%.
According to the PEF, around $75.5 million had been paid to bondholders in the form of premiums as of August 2019. The full amount paid in interest and coupons has not been disclosed. The bonds are set to mature in July 2020.
“The idea behind pandemic bonds, issued by the World Bank in 2017, is simple: They pay investors a solid return, but if a pandemic breaks out, the principal is redirected to help low-income countries pay for their emergency response.
An investor who doesn’t do the legwork is liable to get burned when the bonds don’t behave as expected. At 386 pages, the prospectus for the World Bank’s class-B securities isn’t a light read.
The second and larger problem with pandemic bonds is one they don’t share with other catastrophe-related securities. During extreme events, they don’t offer a source of returns uncorrelated with major capital markets—one of the things buyers like most about the asset class.
Pandemic bonds are most likely to be triggered just as equities tumble and concerns about companies’ ability to finance themselves come to the fore, as now. In short, the asset class is uncorrelated with wider markets—except at the exact moment when that matters most. Then it is suddenly very correlated.”
Questions Abound
These bonds pay interest. How does the Wold Bank pay that interest?
Generally, companies issue bonds for expansion and expect to pay the debt back from future profits or current income.
What is the World Bank invested in or doing with the money to pay way above market rates?
Only the $95 million in class B bonds will trigger. But at 11% interest with a maturity date coming up, most of that money has been paid out.
Even if some developing nations do end up receiving pandemic bond money, it will be a trivial sum when compared with the economic damage from a sustained coronavirus pandemic.
Meanwhile the class A bond buyers have been collecting 7% with virtually no chance of losing their money by July of 2020 because China is not a developing nation.
The whole setup makes no sense unless failure was the intent all along.” – The Street
Or, unless it’s designed to not trigger more than conveniently, like electronic poker. – Silview
Intent is the hardest thing to demonstrate in the justice system. Except in this case. WB put years of effort in elaborating a “maze of confusion” when it comes to the bonds’ triggers, to avoid payment, as a former WB expert testifies in the Bloomberg video below. All that effort weighs now as evidence of premeditation. There’s literally a few kilos of evidence available, if printed.
World Bank’s $500m pandemic scheme accused of ‘waiting for people to die’
Bonds designed to provide fast funding for poor countries branded ‘obscene’ because of complex payout criteria
A flagship $500m World Bank scheme to help the poorest countries deal with a health emergency is “too little too late” for the coronavirus outbreak, say health experts.
The first pandemic emergency financing (PEF) bonds were launched in 2017 by Jim Yong Kim, the bank’s president at the time, after the Ebola outbreak in west Africa. Designed to potentially “save millions of lives and entire economies” by speedily funnelling money to nations facing pandemics.
But critics say the “insanely complicated” terms of the high-interest bonds are heavily skewed towards investors, while for the victims any payouts may come too late, if at all.
One economist described the bonds, payouts from which depend on how deadly the outbreak is, as “obscene”.
Olga Jonas, a senior fellow at Harvard Global Health Institute who was an economist at the World Bank for three decades, said: “The whole mechanism is highly unfortunate. The objectives were to help the poorest countries respond quickly to outbreaks. Infectious disease spreads exponentially and the coronavirus has a very rapid growth rate. But the bonds only get triggered when the disease has spread for a long time.”
Jonas, who has analysed the bonds’ terms, said they were “so convoluted, it is not at all clear whether they will pay out at all. It is too little, too late – and in this case, maybe never.
“What’s obscene is that the World Bank set it up this way. It waits for people to die.”
Funds can only be released after a certain amount of time and in accordance with complex criteria including outbreak size, growth rate, deadlines and death tolls. In the case of coronavirus, the bonds would not pay out until 12 weeks after the World Health Organization (WHO) publishes its first “situation report”, which would not be until 23 March. Another criterion is that the outbreak is still growing.
The bonds, funded by donor nations Japan and Germany, deliver interest payments to investors until the conditions for an infectious disease outbreak are triggered.
The value of the bonds has halved as the coronavirus outbreak has spread, raising fears investors could face losses.
Meanwhile, the WHO has appealed for £520m for “frontline efforts” to contain coronavirus. The disease has infected more than 82,000 people and killed over 2,800 people in 51 countries to date, but has not yet been declared a pandemic by the WHO.
Clare Wenham, assistant professor in global health policy at the London School of Economics, said: “If you really wanted to ensure global health security you would link the payout of the bonds to a decision around declaring a public health emergency of international concern or a national emergency.”
Wenham co-authored a paper criticising pandemic bonds in which it was found that more money was paid out to investors than to countries facing disease outbreaks. Payments would have only been triggered in two out of more than 60 disease outbreaks analysed – Ebola in west Africa and rift valley fever in 2006, the paper found.
Wenham said: “If the aim of it is to prevent pandemics, why would you wait for arbitrary numbers? Global health security is predicated on prevention rather than response, so waiting for it to get to a certain number of deaths in a certain number of countries before they pay out, is counterintuitive. It is not fit for purpose.
“No one has thought about it holistically. If public health officials have made a declaration of a global health emergency of international concern, there should be some mechanism for financing so that the WHO doesn’t have to go around the houses asking for money.”
Bodo Ellmers, director of Global Policy Forum’s sustainable development finance programme, said: “The idea was that it would be a quick instrument, but it was set up with such stringent criteria that the risk for investors is very low. The design, taking the number of dead people as a criteria, is very cynical.”
The scheme’s “fundamental flaw” is that it was aimed at preventing a pandemic but would only pay out when a pandemic was already underway, said Ellmers.
The World Bank said a PEF payout had been triggered after the Ebola outbreak of 2018 and 2019 in the Democratic Republic of the Congo, providing a total of $61.4m to fight the disease.
The bank added that it has rolled out a series of tools to better assist countries during critical outbreaks, epidemics and pandemic threats.
It is capable of fast-tracking funds via existing projects and could fund emergency operations within three months – although in past cases, such as Ebola, it had provided support within two weeks.
Around the same time, February 2020, Washington Examiner doesn’t have the guts to put out such conclusion, but confirms pretty much everything else:
“Investors betting big against catastrophic diseases are watching the World Health Organization closely as insurance bonds tied to whether the organization labels COVID-19 a pandemic are set to mature in June.
In 2017, the World Bank designed a new way to raise money: Pandemic Emergency Financing bonds. Over $425 million worth of such bonds, which bet against a global outbreak of infectious diseases and will default if WHO declares the coronavirus a pandemic, were sold by the World Bank in its first-ever issuance of catastrophe bonds. In the event of no pandemic, investors would be paid a healthy annualized return. Meanwhile, the World Bank could use the bonds to insure itself against the risk of a global outbreak.
“As an investor, we do not want to lose money,” said Chin Liu, a portfolio manager at Amundi Pioneer, a Boston-based firm that purchased the bonds as a way to diversify the company’s $1 billion catastrophe fund. “But then, we also understand if it’s unfortunately triggered, it benefits every single person, including ourselves, to keep the virus controlled.”
For large-scale investors looking for above-average returns in a bloated market, the bonds were the next logical place to hedge against disaster. At the time of issuance, then-World Bank President Jim Yong-Kim heralded the bonds as an opportunity to leverage “capital market expertise to serve the world’s poorest people.”
The bonds were administered in two tranches, with Class A bond investors receiving a return of 6.9% annually. Class B bond investors received 11.5% annually. The World Bank raised $225 million in Class A bonds and $95 million in Class B bonds.
The investors, mainly endowments and pension funds, have long bet against natural disasters such as hurricanes, but the 2017 issuance of the bonds marked a shift in the market. Before, investors were betting on the wind speed of hurricanes, but now, they were betting on the likelihood of an infectious disease that could tear through nations across the globe.
“This marks the first time that World Bank bonds are being used to finance efforts against infectious diseases, and the first time that pandemic risk in low-income countries is being transferred to the financial markets,” read a statement from the World Bank at the time of issuance.
The conditions under which the payout on bonds will default are staggered based on how rapidly the disease spreads, the number of deaths associated with the illness, and whether the virus crosses international borders.
March 2020 -more people start to wake up to the scam.
Jacobin Mag: “Twelve weeks passed on March 23, and death is raining down on countries rich and poor. More than 770,000 cases of coronavirus have been reported worldwide, and in some places, infections and deaths are doubling every few days. Yet the World Bank says that eligible countries — so far Afghanistan, Pakistan, Nigeria, Cambodia, Senegal, and Nepal — won’t know if they will get any money until April 9 at the earliest.
This is despicable. Even wealthy countries are failing to contain the deadly virus. Poor countries that, for centuries, have seen their wealth and resources pilfered and plundered by rich nations, are facing down a tidal wave of infection and death without adequate medical supplies and facilities. Millions of people in these countries have compromised immune systems due to malnutrition, live in housing and communities that make social distancing impossible, and lack even the most basic necessities of disease prevention, such as access to water and soap for handwashing.
However, in this moment of crisis, when every second counts, global capital is sitting on its hands, holding desperately needed funds hostage as investors decide whether they are required to honor their end of the deal.
The pandemic bonds were advertised by the World Bank as a great way to “tackle social ills through private investment.” Instead, the bonds are yet another example of how hollow most so-called ESG investment is. They demonstrate how private investors have an uncanny ability to profit from social ills — and how, even in times when global solidarity is desperately needed, global capital can’t seem to look past the bottom line.”
APRIL 2020 – THE WORLD IS SCANDALIZED, THE WORLD BANK ACCEPTS TO PAY A LITTLE OVER HALF THE MONEY
The beginning of the month sees surprising attacks on WB, even from usual allies, who probably have to think of their media reputation before WB’s
So, finally, on April 20, 2020, WB makes the big announcement:
“All activation criteria including outbreak size, spread and growth have been met,” the World Bank said in an update on its website, referring to the coronavirus outbreak, adding PEF bonds and swaps were expected to pay out $195.84 million. (Out of 322 milion – S.m)
A steering body will now meet to determine how to allocate the funds to so-called IDA countries – a group of 76 of the world’s poorest nations, the World Bank said. The committee is made up of Australia, Germany, Japan, the World Health Organization, UNICEF, the World Bank, and two IDA countries – currently Haiti and Liberia…
Campaigners have also been critical of the complex structure of the instrument, which requires five variables on the number of deaths, the velocity of its spread and its geographical spread to be reached before paying out.
This had been an obstacle to quick deployment, said Bodo Ellmers, director of sustainable development finance at Global Policy Forum, an independent policy watchdog.
“If those funds had been paid out earlier they could have been used to prevent the spread in some of those poor countries – the later you intervene the costlier it gets, in terms both of lives and money needed to remedy the situation,” he said.
Deutsche Welle reports: “The World Bank’s bond sale was 200% oversubscribed, meaning investors saw moneymaking opportunities with the high-yield returns on offer. Most buyers came from Europe, and included specialized catastrophe bond investors as well as asset managers and pension funds.
According to Bloomberg, asset managers including Bailie Gifford, Amundi and Stone Ridge Asset Management are among those who hold the riskier Class B bonds.
The interest and coupon payments made to investors have been funded largely by the donor nations Japan and Germany. The Class A bonds feature an interest rate of 7% while the Class B bonds’ rate is 11%.
According to the PEF, around $75.5 million had been paid to bondholders in the form of premiums as of August 2019. The full amount paid in interest and coupons has not been disclosed. The bonds are set to mature in July 2020.”
We later found out that investors made about 96 million in 2020. The governments who donated for this have no money of their own, they spend your money.
December – 2020 WB still pounded by media and investors for PEF’s failure:
India Times delivered the best indictment in mainstream media, from what I’ve seen so far:
How pandemic bonds became the world’s most controversial investment
In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood in front of a group of Georgetown University students and professors to introduce a new approach to fighting pandemics.
Fresh from the annual gathering of power brokers and policy makers in Davos, Kim described a new type of financial product – “pandemic bonds” – that he hoped would persuade private investors to swell the World Bank’s coffers. …
Five years later, Summers had some different words for Kim, though you probably won’t hear the former World Bank president repeat them in public. The approach was “a dumb idea,” Summers said in a February 2020 email to a Harvard colleague seen by Bloomberg News. Modeled on catastrophe debt that pays insurance claims on natural disasters, the program was too complicated and ultimately unnecessary, he suggested, “like me insuring my toaster.”
Trumpeted by the World Bank at their launch as an innovative example of a public-private partnership, pandemic bonds have since become the subject of intense criticism for failing to divert money fast enough to battle deadly waves of Ebola and Covid-19. Academics from Harvard to the London School of Economics have lambasted the program for being ineffective and expensive, and the World Bank has confirmed it won’t issue a second round of the debt.
…
But the pandemic bonds weren’t designed to default at the earliest sign of a pandemic. The 386-page prospectus for the debt covered a range of outbreaks including Ebola, influenza and coronaviruses and spelled out very specific conditions for writedown – an effort to automate the typically political process of distributing funds. The list of triggers was long and complex, balancing investors’ desires for a long payout stream with the World Bank’s need to disburse the money to countries that need it. “We had to think through how this instrument should actually function, what kind of diseases should be addressed,” said Ivo Menzinger, who leads the group responsible for public sector solutions at Swiss Re. “During that process it got considerably broader.”…
when Ebola returned in 2018 to ravage West Africa again, the bonds failed to trigger. The virus killed almost 2,300 in the Democratic Republic of Congo, but per the criteria in the prospectus, it didn’t spread far enough, fast enough to qualify as a pandemic. In an effort to avoid political grappling over donor funds, the pandemic bonds relied on mechanical triggers that failed to fire. So investors kept getting paid interest and retained their principal. Meanwhile, the World Bank allocated $61 million from the PEF’s “cash window” – the discretionary portion of money funded by donor contributions – to help fight the outbreaks.
Even when Covid-19 began to sweep the globe earlier this year, it was unclear whether the bonds would get written down. The coronavirus had killed almost 150,000 people in dozens of countries before the casualty rates aligned with the “exponential growth” requirement set out in the bond prospectus. On April 16, more than five weeks after the WHO had declared a global pandemic, AIR Worldwide issued a report confirming that the conditions for a writedown had been met, diverting $132.5 million to the World Bank for disbursement. A further $63.3 million came from the swaps struck with Munich Re and Swiss Re.
“The triggers had to be late and they had to be convoluted and complex to reduce the probability that the financing would be triggered,” says Olga Jonas, a critic of the bonds who worked for more than three decades at the World Bank …
Meanwhile, the World Bank quietly announced it would not be issuing a second round of the debt. Unlike the launch of the pandemic bonds, the news came with little fanfare; it was just one line added to their website.
“The issues raised by COVID-19 are profound and require a deep rethinking of our pandemic response infrastructure,” Kim said. “If we can say that the PEF got it wrong, it wouldn’t be the only institution or instrument that got it wrong.”
Learning what we have learned about the World Bank worrying about an impending economic collapse and, in parallel, setting up this pandemic, one may be confused how all this falls together in the grand scheme. Failing to see it is due to overcomplication, I suspect. Brush off the meaningless details and go for the essential questions:
How did this work, most basically? Fabricated disease fearmongering and unrealistic promises persuaded some fools to transfer money to some con artists, under various pretenses. WHO benefitted? The con artists and the Great Reset budgets. Who lost? The total morons who haven’t yet learned why it’s not good to swim with sharks, no matter how you see yourself. And if it’s not good to swim with them, giving them money sounds even dumber. Where have we seen this “business model” before? Vaccines / WHO / GAVI…
EPILOGUE
APRIL 2021: WHO BOSS MENTIONS THE BONDS ON THE LIST OF THEIR PAST SUCCESSES
Around min. 13 in the video below.
MARCH 2021: WB RELAUNCHES CATASTROPHE BONDS
POP QUIZ: IF YOU PAID ATTENTION, BESIDES CORONAVIRUSES, WHAT OTHER VIRUSES ARE COVERED BY THESE BONDS?
To be continued? Our work and existence, as media and people, is funded solely by our most generous supporters. But we’re not really covering our costs so far, and we’re in dire needs to upgrade our equipment, especially for video production. Help SILVIEW.media survive and grow, please donate here, anything helps. Thank you!
! Articles can always be subject of later editing as a way of perfecting them
History lessons we haven’t learned. After the Renaissance, most human abominations had been backed by fabricated “science consensus”, it became a good sales pitch in some cases. The idea that the health of the public is more important than the health of the individual is older, and it’s the perfect excuse for eugenics; it has been revitalized and modernized by Nazis, and the Fourth Industrial Revolution aka The Fourth Reich is normalizing it now. Pharmafia and its lemmings are deeply involved in the Nazi experiments (Bayer/Monsanto/BASF especially). No abuse could’ve happened without the participation of those who took on themselves to protect us from suffering. Today, the people who “care” have aligned behind our planetary kidnappers, and the people who science for health have since normalized cancer in kids. It’s a never-ending self-feeding pandemic of moral failure and low intellectual effort
“Cizik School of Nursing has created a REMI Platinum Award-winning documentary film that tells the grim cautionary tale of nurses who participated in the Holocaust and abandoned their professional ethics during the Nazi era. The 56-minute film, Caring Corrupted: the Killing Nurses of the Third Reich, casts a harsh light on nurses who used their professional skills to murder the handicapped, mentally ill and infirm at the behest of the Third Reich and directly participated in genocide.” – Cizik School of Nursing
The Cizik School of Nursing at Health University of Texas is ranked in the Top 12 Percent of graduate nursing programs nationwide, according to the latest survey results by U.S. News and World Report. Nurse Anesthesia master’s/doctorate program (at No.8) still is ranked by U.S. News in the Top 10 in the U.S. Since 1972, Cizik School of Nursing has granted more than 12,022 nursing degrees to its graduates. For more information, go to: https://nursing.uth.edu/
AMAZING INTERVIEW WITH ‘HOLOCAUST SURVIVOR’ AND HUMAN RIGHTS CHAMPION VERA SHARAV CONFIRMS EVERYTHING WE’VE SHOWN AND MORE
Stand for Health Freedom recently had the honor of sitting down with Holocaust survivor Vera Sharav and capturing her personal story on film. It’s a story that every individual needs to hear.
Ms. Sharav is the founder and president of the Alliance for Human Research Protection, a nonprofit public watchdog organization dedicated to upholding informed consent in medicine. A renowned champion of human rights and expert in biomedical research ethics, Ms. Sharav offers rare and valuable insights into the public health arena and state of emergency affecting each and every one of our lives. She also shines a light on the corruption plaguing our national vaccine program — and the decades-long targeting of Blacks, Hispanics and other minorities for unethical medical experiments.
You can learn more about Ms. Sharav and her pioneering work to protect children and human research subjects at ahrp.org.
To be continued? Our work and existence, as media and people, is funded solely by our most generous supporters. But we’re not really covering our costs so far, and we’re in dire needs to upgrade our equipment, especially for video production. Help SILVIEW.media survive and grow, please donate here, anything helps. Thank you!
! Articles can always be subject of later editing as a way of perfecting them
We gave up on our profit shares from masks, if you want to help us, please use the donation button! We think frequent mask use, even short term use can be bad for you, but if you have no way around them, at least send a message of consciousness. Get it here!
(This is a June 2021 update to an earlier report that got deleted by YouTube)
JULY 2021 UPDATES:
boom! assasination atempt on madagascar president, as we anticipated!
Madagascan police arrested six people, including a foreign national, las week-end, on suspicion of plotting to kill the president, after months of investigation, officials said.
Meanwhile, Haiti jumped in to remind us it’s not an African thing.
To be continued? Our work and existence, as media and people, is funded solely by our most generous supporters. But we’re not really covering our costs so far, and we’re in dire needs to upgrade our equipment, especially for video production. Help SILVIEW.media survive and grow, please donate here, anything helps. Thank you!
! Articles can always be subject of later editing as a way of perfecting them
We gave up on our profit shares from masks, if you want to help us, please use the donation button! We think frequent mask use, even short term use can be bad for you, but if you have no way around them, at least send a message of consciousness. Get it here!
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