Advertisements



Marathon Digital initiated with a Buy at B. Riley

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

SoFi could soar 98% as growing product offerings enable significant cross-selling opportunity, Jefferies says

The bull case for SoFi mostly hinges on its ability to adopt a federal banking charter that would lower its cost of funding, Jefferies said. SoFi Stadium during the NFL game between the Arizona Cardinals and the Los Angeles Rams on January 03, 2021, at SoFi Stadium in Inglewood, CA. (Photo by Kevin Reece/Icon Sportswire via Getty Images) SoFi stock could soar 98% to $30 in a bull-case scenario, according to a Wednesday note from Jefferies. Jefferies believes SoFi's growing product offerings will enable a significant cross-selling opportunity, according to the note. "SoFi's synergistic business model will continue to drive significant user growth, product adoption, and margin expansion," Jefferies said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. SoFi stock jumped as much as 8% on Wednesday after Jefferies initiated the fintech company with a Buy rating and talked up its growth opportunity, driven by an expansion in its product offerings.Jefferies set a $25 price target and a $30 bull-case scenario price target for SoFi, representing potential upside of 65% and 98% from Tuesday's close, respectively."SoFi's synergistic business model will continue to drive significant user growth, product adoption, and margin expansion," Jefferies said, adding that the company's progress towards obtaining a bank charter should help support its long-term growth initiatives."A federal bank charter would significantly enhance cost of funding, funding capabilities, and returns/margins. SoFi has made meaningful progress towards this goal," Jefferies explained.SoFi recently acquired a banking institution and is in the process of transitioning its charter to the SoFi platform. "Ultimately, this would allow it to conduct normal banking operations without the legacy brick-and-mortar infrastructure, in turn creating a cheaper base to make loans to its customers," Jefferies said.Jefferies expects SoFi to grow its revenue at an average annual rate of 46% through 2025 as cross-selling products in the investing and loan refinance space via a leading digital interface helps improve profitability over the long term.SoFi has several upcoming catalysts that could help boost its stock price, according to Jefferies, including the ending of a student loan moratorium in February of 2022, which should result in significant member growth as users look to refinance their loans to a lower interest rate.The Biden administration extended a moratorium of student loan payments until the end of January as a form of aid amid the ongoing COVID-19 pandemic.But risks are abound, and Jefferies believes SoFi stock could stay at the $8 level in its bearish scenario, representing downside potential of 51% from current levels. Much of that scenario is based on the idea that "red tape associated with increased regulation prohibits SoFi from pivoting quickly and launching new products," the note said. Markets Insider Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 22nd, 2021

4 Dirt Cheap Stocks to Bet on Amid September Market Meltdown

Amid the decline of the benchmarks, investors should bet on discounted stocks like SNDR, NOG, GIII, and ANF for future growth. The number of new COVID-19 cases and the market both displayed a rising trend in the last three months. The job market gained consistently in this period, reflecting a stable economy. In August, particularly, unemployment rates were lower in 15 states and the District of Columbia and stable in 35 states. Nonfarm payroll employment increased in 11 states, decreased in three states, and was unchanged in 36 states and the District — per the data by the U.S. Bureau of Labour Statistics.While many of the market watchers assured us about this sustained bull run despite a massive spread of the more lethal Delta strain, others apprehended a bloodbath round the corner. Eventually, over the past two trading days, the market is deep into the bear territory, displaying the worst run since May.Yesterday, the stock market crashed with benchmarks like the S&P 500 and Dow Jones both down nearly 2%. NASDAQ Composite Index, which gained support last week from the technology bigwigs, declined 2.2% yesterday, shedding more than 300 points.Two Primary Pull-Down FactorsThe intensifying China property market crisis is expected to have played a major role behind the dragging down of the benchmarks. Alliance Bernstein’s Co-Head of Asia Pacific Fixed Income Jenny Zeng recently warned that the highly distressed real estate developer of China, Evergrande (tagged as the world’s most indebted developer with $300 billion of debt at present) is on the edge of default. As quoted by CNBC, she also stated that this collapse will have a ‘domino effect’ on China’s property sector. In the overseas dollar market, these distressed developers combinedly hold a meaningful portion. Consequently, market watchers are worried that the collapse, if it occurs, will have a spillover effect worldwide.Another point that is troubling the investors is the apprehension that amid the job market growth, the COVID-19 induced monetary stimulus might get significantly tapered. During the economic crisis, several stimulus measures were launched mainly in the form of rate cuts and bond purchases.  There are concerns that the Fed and other central banks, which are going to have a two-day meeting starting today, might start winding down stimulus.Market to Revive with OSHA RuleThanks to the ongoing market selloffs, a number of growth stocks have once again moved into the undervalued territory. However, the ongoing extensive rollout of vaccines across the nation, particularly, the latest launch of President Biden’s COVID-19 action plan called “Path Out of the Pandemic” is claimed to boost the financial market rebound.As per the six-pronged, comprehensive national strategy, the Department of Labor’s Occupational Safety and Health Administration (OSHA) will develop a rule that will require all employers with 100 or more employees to ensure that their workforce is fully vaccinated. Any worker who remains unvaccinated will be required to produce a negative test result on at least a weekly basis before coming to work. The OSHA will issue an Emergency Temporary Standard (ETS) to implement this requirement.Once the OSHA rule is implemented, the COVID-19 fear factor is likely to ease further. Market watchers believe that steep rebounds are once again in the cards for the currently beaten-down stocks.Value Investing: The Ideal Strategy NowGiven the grim U.S. stock market scenario, investors may choose some fundamentally strong stocks,which have been currently pushed into the value territory because of the September market meltdown. These beaten-down stocks are currently available at dirt-cheap prices.It has been observed that growth stocks outshine value stocks during economic downturns. However, when the economy picks up pace, post the pandemic-led economic mayhem, value stocks are expected to outperform the market.To narrow down the list, we have selected stocks with a Value Style Score of A or B. Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best upside potential. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Listed below are four companies that investors can consider during these trying times.Schneider National SNDR: This Zacks Rank #1 stock with a Value Score of A is a leading transportation and logistics services company. The company is currently being aided by strong performances of the Intermodal and Logistics units. The Intermodal segment is benefiting from yield management and increased volumes, while the Logistics unit is thriving on the back of favorable constructive market conditions and other factors. The stock is currently priced at $22.30. In 2021, the company’s earnings and sales are expected to grow 56.8% and 8.5% respectively.Schneider National, Inc. Price Schneider National, Inc. price | Schneider National, Inc. QuoteNorthern Oil and Gas NOG: The company’s core operations are focused on three leading basins of the United States — the Williston, Permian,and the Appalachian. The company employs a unique non-operating business model, which helps it to keep costs down and increase free cash flow. Prioritizing returns to investors, Northern Oil and Gas recently initiated a 3 cents per share quarterly base dividend, with the first payment to be made in the third quarter.This Zacks Rank #1 stock with a Value Score of A is currently priced at $19 a share. In 2021, the company’s earnings and sales are expected to grow 70.9% and 209.7% respectively.Northern Oil and Gas, Inc. Price Northern Oil and Gas, Inc. price | Northern Oil and Gas, Inc. QuoteG-III Apparel, Ltd. GIII: Solid gains from the company’s assortments and digital business are currently driving results. Although the retail business has been sluggish, management has completed the division’s restructuring and the new model is poised to attain profitability. G-III Apparel’s digital business also continues to exhibit strength.This stock too sports a Zacks Rank #1 and has a Value Score of A. It is currently priced at $28.45 a share. In 2021, the company’s earnings and sales are expected to grow 341.6% and 30.2%, respectively.GIII Apparel Group, LTD. Price GIII Apparel Group, LTD. price | GIII Apparel Group, LTD. QuoteAbercrombie & Fitch Company ANF: The company operates as a specialty retailer of premium, high-quality casual apparel for men, women, and kids through a network of approximately 850 stores across North America, Europe, Asia, and the Middle East. Abercrombie is making significant progress in expanding digital and omni-channel capabilities to better engage with consumers. Despite the reopening of stores, the company’s strong digital momentum continued in the last-reported second-quarter 2021.This stock too sports a Zacks Rank #1 and has a Value Score A. It is currently priced at $28.45 a share.In 2021, the company’s earnings and sales are expected to grow 341.6% and 30.2%, respectively.Abercrombie & Fitch Company Price Abercrombie & Fitch Company price | Abercrombie & Fitch Company Quote 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report GIII Apparel Group, LTD. (GIII): Free Stock Analysis Report Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report Schneider National, Inc. (SNDR): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

Dow Up Another 1%, Continues to Benefit from Tech Selloff

Dow Up Another 1%, Continues to Benefit from Tech Selloff SPECIAL ALERT: The latest episode of the Zacks Ultimate Strategy Session will be available for viewing no later than this Wednesday, March 10. Kevin Matras, Jeremy Mullin, Daniel Laboe, Brian Bolan and Sheraz Mian will cover the investment landscape from several angles in this informative event. Don’t miss your chance to hear: ▪ Jeremy and Brian Agree to Disagree on Investing in SPACs versus traditional IPOs   ▪ Kevin answers your questions in Zacks Mailbag ▪ Sheraz and Daniel choose one portfolio to give feedback for improvement ▪ And much more So be sure to mark your calendar then log on to Zacks.com and bookmark this page. The market’s attitude was unchanged to begin a new week on Monday. The Dow and NASDAQ continue to go their separate ways as money flows out of tech in preparation for new stimulus and eventually a grand reopening. Things are looking so good for the Dow these days that it momentarily reached a new high in the session. However, it pulled back by the close to finish with an advance of 0.97% (or about 306 points) to 31,802.44. The index easily outperformed its counterparts last week with a rise of 1.8%. The S&P was down 0.54% to 3821.35 after gaining 0.8% last week. But the NASDAQ just keeps getting beaten up as investors run away from the space that kept things afloat during the worst of the pandemic. On Monday, the index slumped 2.41% (or just about 311 points) to 12,609.16. It dropped 2.1% last week. All of the FAANGs were solidly lower, especially drops of 4% or more for Apple (AAPL), Netflix (NFLX) and Alphabet (GOOG) each. Meanwhile, Tesla (TSLA) was off more than 5.8% and Microsoft (MSFT) dipped 1.8%. This rush toward recovery names was further reinforced on Monday by the Senate approving the covid stimulus package over the weekend, which pretty much ensures that the whole thing will be done before the March 14 expirations. The bill now goes back to the House for approval (possibly tomorrow) and then onto the President’s desk. As a result, the 10-year Treasury yield again jumped past 1.6% in the session, which may explain why stocks weren’t able to keep their highs of the session.   Today's Portfolio Highlights: Counterstrike: The solar names are close to long-term support levels, so Jeremy initiated “an aggressive trade” in the space by adding Enphase Energy (ENPH) with a 5% allocation and Invesco Solar ETF (TAN) with a 4% allocation. The plan is to take a quick winner in TAN, while holding onto ENPH to capitalize on a “violent” bounce that’ll bring a larger gain. Meanwhile, the addition of Polaris (PII) worked out just as planned, and today the editor sold it for a nice 17.4% in a little over a month as it comes into targets. Read the full write-up for more on all of today’s action. TAZR Trader: You can put Kevin in the camp that believes this tech selloff is way overdone and setting up a huge buying opportunity for investors. Therefore, the editor started this week by adding a couple smaller digital advertising players. He picked up Magnite (MGNI) and Perion Network (PERI) with 5% allocations each. These companies both saw firms raise their price targets lately. The drop in MGNI provides a great entry point for a stock that should benefit from Google’s decision to stop targeting ads from a user’s browsing history. PERI is expected to surpass $370 million in sales at 14% growth this year, so it’s only trading at 1.65X revenues. Read the full write-up for a lot more on these additions, including their buy ranges. Marijuana Innovators: Guess which healthcare giant has been quietly diversifying into research for cannabis-based drugs. None other than Johnson & Johnson (JNJ), which is fresh off the FDA approval for its single-dose covid vaccine. Dave added JNJ to the portfolio on Monday and has all the details in his full write-up.    Black Box Trader: The portfolio cashed in a double-digit profit in this week's adjustment as it switched out three positions. The stocks that were sold included: • Olin Corp. (OLN, +22.3%) • Toll Brothers (TOL, +3.2%) • Flex Ltd. (FLEX) The new buys that replaced these names were: • American Axle & Manufacturing (AXL) • Athene Holdings (ATH) • Resideo Technologies (REZI) Read the Black Box Trader’s Guide to learn more about this computer-driven service. By the way, this portfolio had a couple top performers today with Abercrombie & Fitch (ANF, +9%) and Dick's Sporting Goods (DKS, +7.5%). Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Zuckerberg reassures Congress on his digital currency

Facebook CEO Mark Zuckerberg attempted to win over skeptical House lawmakers as he tries to launch Libra, a global digital currency he said would help the world's 'unbanked.' Conway G. Gittens wraps up his marathon testimony......»»

Category: videoSource: reutersOct 23rd, 2019

Online Auto Sales: BTIG Bullish On TrueCar, CarGurus

BTIG initiated coverage Tuesday of digital automotive marketplace companies TrueCar, Inc. (NASDAQ: TRUE) and CarGurus Inc (NASDAQ: CARG) with bullish stances.  Latest Ratings for CARG D.....»»

Category: blogSource: benzingaNov 14th, 2018

"Damn You To Hell, You Will Not Destroy America" - Here Is The "Spartacus COVID Letter" That"s Gone Viral

"Damn You To Hell, You Will Not Destroy America" - Here Is The 'Spartacus COVID Letter' That's Gone Viral Via The Automatic Earth blog, This is an anonymously posted document by someone who calls themselves Spartacus. Because it’s anonymous, I can’t contact them to ask for permission to publish. So I hesitated for a while, but it’s simply the best document I’ve seen on Covid, vaccines, etc. Whoever Spartacus is, they have a very elaborate knowledge in “the field”. If you want to know a lot more about the no. 1 issue in the world today, read it. And don’t worry if you don’t understand every single word, neither do I. But I learned a lot. The original PDF doc is here: Covid19 – The Spartacus Letter Hello, My name is Spartacus, and I’ve had enough. We have been forced to watch America and the Free World spin into inexorable decline due to a biowarfare attack. We, along with countless others, have been victimized and gaslit by propaganda and psychological warfare operations being conducted by an unelected, unaccountable Elite against the American people and our allies. Our mental and physical health have suffered immensely over the course of the past year and a half. We have felt the sting of isolation, lockdown, masking, quarantines, and other completely nonsensical acts of healthcare theater that have done absolutely nothing to protect the health or wellbeing of the public from the ongoing COVID-19 pandemic. Now, we are watching the medical establishment inject literal poison into millions of our fellow Americans without so much as a fight. We have been told that we will be fired and denied our livelihoods if we refuse to vaccinate. This was the last straw. We have spent thousands of hours analyzing leaked footage from Wuhan, scientific papers from primary sources, as well as the paper trails left by the medical establishment. What we have discovered would shock anyone to their core. First, we will summarize our findings, and then, we will explain them in detail. References will be placed at the end. Summary: COVID-19 is a blood and blood vessel disease. SARS-CoV-2 infects the lining of human blood vessels, causing them to leak into the lungs. Current treatment protocols (e.g. invasive ventilation) are actively harmful to patients, accelerating oxidative stress and causing severe VILI (ventilator-induced lung injuries). The continued use of ventilators in the absence of any proven medical benefit constitutes mass murder. Existing countermeasures are inadequate to slow the spread of what is an aerosolized and potentially wastewater-borne virus, and constitute a form of medical theater. Various non-vaccine interventions have been suppressed by both the media and the medical establishment in favor of vaccines and expensive patented drugs. The authorities have denied the usefulness of natural immunity against COVID-19, despite the fact that natural immunity confers protection against all of the virus’s proteins, and not just one. Vaccines will do more harm than good. The antigen that these vaccines are based on, SARS-CoV- 2 Spike, is a toxic protein. SARS-CoV-2 may have ADE, or antibody-dependent enhancement; current antibodies may not neutralize future strains, but instead help them infect immune cells. Also, vaccinating during a pandemic with a leaky vaccine removes the evolutionary pressure for a virus to become less lethal. There is a vast and appalling criminal conspiracy that directly links both Anthony Fauci and Moderna to the Wuhan Institute of Virology. COVID-19 vaccine researchers are directly linked to scientists involved in brain-computer interface (“neural lace”) tech, one of whom was indicted for taking grant money from China. Independent researchers have discovered mysterious nanoparticles inside the vaccines that are not supposed to be present. The entire pandemic is being used as an excuse for a vast political and economic transformation of Western society that will enrich the already rich and turn the rest of us into serfs and untouchables. COVID-19 Pathophysiology and Treatments: COVID-19 is not a viral pneumonia. It is a viral vascular endotheliitis and attacks the lining of blood vessels, particularly the small pulmonary alveolar capillaries, leading to endothelial cell activation and sloughing, coagulopathy, sepsis, pulmonary edema, and ARDS-like symptoms. This is a disease of the blood and blood vessels. The circulatory system. Any pneumonia that it causes is secondary to that. In severe cases, this leads to sepsis, blood clots, and multiple organ failure, including hypoxic and inflammatory damage to various vital organs, such as the brain, heart, liver, pancreas, kidneys, and intestines. Some of the most common laboratory findings in COVID-19 are elevated D-dimer, elevated prothrombin time, elevated C-reactive protein, neutrophilia, lymphopenia, hypocalcemia, and hyperferritinemia, essentially matching a profile of coagulopathy and immune system hyperactivation/immune cell exhaustion. COVID-19 can present as almost anything, due to the wide tropism of SARS-CoV-2 for various tissues in the body’s vital organs. While its most common initial presentation is respiratory illness and flu-like symptoms, it can present as brain inflammation, gastrointestinal disease, or even heart attack or pulmonary embolism. COVID-19 is more severe in those with specific comorbidities, such as obesity, diabetes, and hypertension. This is because these conditions involve endothelial dysfunction, which renders the circulatory system more susceptible to infection and injury by this particular virus. The vast majority of COVID-19 cases are mild and do not cause significant disease. In known cases, there is something known as the 80/20 rule, where 80% of cases are mild and 20% are severe or critical. However, this ratio is only correct for known cases, not all infections. The number of actual infections is much, much higher. Consequently, the mortality and morbidity rate is lower. However, COVID-19 spreads very quickly, meaning that there are a significant number of severely-ill and critically-ill patients appearing in a short time frame. In those who have critical COVID-19-induced sepsis, hypoxia, coagulopathy, and ARDS, the most common treatments are intubation, injected corticosteroids, and blood thinners. This is not the correct treatment for COVID-19. In severe hypoxia, cellular metabolic shifts cause ATP to break down into hypoxanthine, which, upon the reintroduction of oxygen, causes xanthine oxidase to produce tons of highly damaging radicals that attack tissue. This is called ischemia-reperfusion injury, and it’s why the majority of people who go on a ventilator are dying. In the mitochondria, succinate buildup due to sepsis does the same exact thing; when oxygen is reintroduced, it makes superoxide radicals. Make no mistake, intubation will kill people who have COVID-19. The end-stage of COVID-19 is severe lipid peroxidation, where fats in the body start to “rust” due to damage by oxidative stress. This drives autoimmunity. Oxidized lipids appear as foreign objects to the immune system, which recognizes and forms antibodies against OSEs, or oxidation-specific epitopes. Also, oxidized lipids feed directly into pattern recognition receptors, triggering even more inflammation and summoning even more cells of the innate immune system that release even more destructive enzymes. This is similar to the pathophysiology of Lupus. COVID-19’s pathology is dominated by extreme oxidative stress and neutrophil respiratory burst, to the point where hemoglobin becomes incapable of carrying oxygen due to heme iron being stripped out of heme by hypochlorous acid. No amount of supplemental oxygen can oxygenate blood that chemically refuses to bind O2. The breakdown of the pathology is as follows: SARS-CoV-2 Spike binds to ACE2. Angiotensin Converting Enzyme 2 is an enzyme that is part of the renin-angiotensin-aldosterone system, or RAAS. The RAAS is a hormone control system that moderates fluid volume in the body and in the bloodstream (i.e. osmolarity) by controlling salt retention and excretion. This protein, ACE2, is ubiquitous in every part of the body that interfaces with the circulatory system, particularly in vascular endothelial cells and pericytes, brain astrocytes, renal tubules and podocytes, pancreatic islet cells, bile duct and intestinal epithelial cells, and the seminiferous ducts of the testis, all of which SARS-CoV-2 can infect, not just the lungs. SARS-CoV-2 infects a cell as follows: SARS-CoV-2 Spike undergoes a conformational change where the S1 trimers flip up and extend, locking onto ACE2 bound to the surface of a cell. TMPRSS2, or transmembrane protease serine 2, comes along and cuts off the heads of the Spike, exposing the S2 stalk-shaped subunit inside. The remainder of the Spike undergoes a conformational change that causes it to unfold like an extension ladder, embedding itself in the cell membrane. Then, it folds back upon itself, pulling the viral membrane and the cell membrane together. The two membranes fuse, with the virus’s proteins migrating out onto the surface of the cell. The SARS-CoV-2 nucleocapsid enters the cell, disgorging its genetic material and beginning the viral replication process, hijacking the cell’s own structures to produce more virus. SARS-CoV-2 Spike proteins embedded in a cell can actually cause human cells to fuse together, forming syncytia/MGCs (multinuclear giant cells). They also have other pathogenic, harmful effects. SARS-CoV- 2’s viroporins, such as its Envelope protein, act as calcium ion channels, introducing calcium into infected cells. The virus suppresses the natural interferon response, resulting in delayed inflammation. SARS-CoV-2 N protein can also directly activate the NLRP3 inflammasome. Also, it suppresses the Nrf2 antioxidant pathway. The suppression of ACE2 by binding with Spike causes a buildup of bradykinin that would otherwise be broken down by ACE2. This constant calcium influx into the cells results in (or is accompanied by) noticeable hypocalcemia, or low blood calcium, especially in people with Vitamin D deficiencies and pre-existing endothelial dysfunction. Bradykinin upregulates cAMP, cGMP, COX, and Phospholipase C activity. This results in prostaglandin release and vastly increased intracellular calcium signaling, which promotes highly aggressive ROS release and ATP depletion. NADPH oxidase releases superoxide into the extracellular space. Superoxide radicals react with nitric oxide to form peroxynitrite. Peroxynitrite reacts with the tetrahydrobiopterin cofactor needed by endothelial nitric oxide synthase, destroying it and “uncoupling” the enzymes, causing nitric oxide synthase to synthesize more superoxide instead. This proceeds in a positive feedback loop until nitric oxide bioavailability in the circulatory system is depleted. Dissolved nitric oxide gas produced constantly by eNOS serves many important functions, but it is also antiviral against SARS-like coronaviruses, preventing the palmitoylation of the viral Spike protein and making it harder for it to bind to host receptors. The loss of NO allows the virus to begin replicating with impunity in the body. Those with endothelial dysfunction (i.e. hypertension, diabetes, obesity, old age, African-American race) have redox equilibrium issues to begin with, giving the virus an advantage. Due to the extreme cytokine release triggered by these processes, the body summons a great deal of neutrophils and monocyte-derived alveolar macrophages to the lungs. Cells of the innate immune system are the first-line defenders against pathogens. They work by engulfing invaders and trying to attack them with enzymes that produce powerful oxidants, like SOD and MPO. Superoxide dismutase takes superoxide and makes hydrogen peroxide, and myeloperoxidase takes hydrogen peroxide and chlorine ions and makes hypochlorous acid, which is many, many times more reactive than sodium hypochlorite bleach. Neutrophils have a nasty trick. They can also eject these enzymes into the extracellular space, where they will continuously spit out peroxide and bleach into the bloodstream. This is called neutrophil extracellular trap formation, or, when it becomes pathogenic and counterproductive, NETosis. In severe and critical COVID-19, there is actually rather severe NETosis. Hypochlorous acid building up in the bloodstream begins to bleach the iron out of heme and compete for O2 binding sites. Red blood cells lose the ability to transport oxygen, causing the sufferer to turn blue in the face. Unliganded iron, hydrogen peroxide, and superoxide in the bloodstream undergo the Haber- Weiss and Fenton reactions, producing extremely reactive hydroxyl radicals that violently strip electrons from surrounding fats and DNA, oxidizing them severely. This condition is not unknown to medical science. The actual name for all of this is acute sepsis. We know this is happening in COVID-19 because people who have died of the disease have noticeable ferroptosis signatures in their tissues, as well as various other oxidative stress markers such as nitrotyrosine, 4-HNE, and malondialdehyde. When you intubate someone with this condition, you are setting off a free radical bomb by supplying the cells with O2. It’s a catch-22, because we need oxygen to make Adenosine Triphosphate (that is, to live), but O2 is also the precursor of all these damaging radicals that lead to lipid peroxidation. The correct treatment for severe COVID-19 related sepsis is non-invasive ventilation, steroids, and antioxidant infusions. Most of the drugs repurposed for COVID-19 that show any benefit whatsoever in rescuing critically-ill COVID-19 patients are antioxidants. N-acetylcysteine, melatonin, fluvoxamine, budesonide, famotidine, cimetidine, and ranitidine are all antioxidants. Indomethacin prevents iron- driven oxidation of arachidonic acid to isoprostanes. There are powerful antioxidants such as apocynin that have not even been tested on COVID-19 patients yet which could defang neutrophils, prevent lipid peroxidation, restore endothelial health, and restore oxygenation to the tissues. Scientists who know anything about pulmonary neutrophilia, ARDS, and redox biology have known or surmised much of this since March 2020. In April 2020, Swiss scientists confirmed that COVID-19 was a vascular endotheliitis. By late 2020, experts had already concluded that COVID-19 causes a form of viral sepsis. They also know that sepsis can be effectively treated with antioxidants. None of this information is particularly new, and yet, for the most part, it has not been acted upon. Doctors continue to use damaging intubation techniques with high PEEP settings despite high lung compliance and poor oxygenation, killing an untold number of critically ill patients with medical malpractice. Because of the way they are constructed, Randomized Control Trials will never show any benefit for any antiviral against COVID-19. Not Remdesivir, not Kaletra, not HCQ, and not Ivermectin. The reason for this is simple; for the patients that they have recruited for these studies, such as Oxford’s ludicrous RECOVERY study, the intervention is too late to have any positive effect. The clinical course of COVID-19 is such that by the time most people seek medical attention for hypoxia, their viral load has already tapered off to almost nothing. If someone is about 10 days post-exposure and has already been symptomatic for five days, there is hardly any virus left in their bodies, only cellular damage and derangement that has initiated a hyperinflammatory response. It is from this group that the clinical trials for antivirals have recruited, pretty much exclusively. In these trials, they give antivirals to severely ill patients who have no virus in their bodies, only a delayed hyperinflammatory response, and then absurdly claim that antivirals have no utility in treating or preventing COVID-19. These clinical trials do not recruit people who are pre-symptomatic. They do not test pre-exposure or post-exposure prophylaxis. This is like using a defibrillator to shock only flatline, and then absurdly claiming that defibrillators have no medical utility whatsoever when the patients refuse to rise from the dead. The intervention is too late. These trials for antivirals show systematic, egregious selection bias. They are providing a treatment that is futile to the specific cohort they are enrolling. India went against the instructions of the WHO and mandated the prophylactic usage of Ivermectin. They have almost completely eradicated COVID-19. The Indian Bar Association of Mumbai has brought criminal charges against WHO Chief Scientist Dr. Soumya Swaminathan for recommending against the use of Ivermectin. Ivermectin is not “horse dewormer”. Yes, it is sold in veterinary paste form as a dewormer for animals. It has also been available in pill form for humans for decades, as an antiparasitic drug. The media have disingenuously claimed that because Ivermectin is an antiparasitic drug, it has no utility as an antivirus. This is incorrect. Ivermectin has utility as an antiviral. It blocks importin, preventing nuclear import, effectively inhibiting viral access to cell nuclei. Many drugs currently on the market have multiple modes of action. Ivermectin is one such drug. It is both antiparasitic and antiviral. In Bangladesh, Ivermectin costs $1.80 for an entire 5-day course. Remdesivir, which is toxic to the liver, costs $3,120 for a 5-day course of the drug. Billions of dollars of utterly useless Remdesivir were sold to our governments on the taxpayer’s dime, and it ended up being totally useless for treating hyperinflammatory COVID-19. The media has hardly even covered this at all. The opposition to the use of generic Ivermectin is not based in science. It is purely financially and politically-motivated. An effective non-vaccine intervention would jeopardize the rushed FDA approval of patented vaccines and medicines for which the pharmaceutical industry stands to rake in billions upon billions of dollars in sales on an ongoing basis. The majority of the public are scientifically illiterate and cannot grasp what any of this even means, thanks to a pathetic educational system that has miseducated them. You would be lucky to find 1 in 100 people who have even the faintest clue what any of this actually means. COVID-19 Transmission: COVID-19 is airborne. The WHO carried water for China by claiming that the virus was only droplet- borne. Our own CDC absurdly claimed that it was mostly transmitted by fomite-to-face contact, which, given its rapid spread from Wuhan to the rest of the world, would have been physically impossible. The ridiculous belief in fomite-to-face being a primary mode of transmission led to the use of surface disinfection protocols that wasted time, energy, productivity, and disinfectant. The 6-foot guidelines are absolutely useless. The minimum safe distance to protect oneself from an aerosolized virus is to be 15+ feet away from an infected person, no closer. Realistically, no public transit is safe. Surgical masks do not protect you from aerosols. The virus is too small and the filter media has too large of gaps to filter it out. They may catch respiratory droplets and keep the virus from being expelled by someone who is sick, but they do not filter a cloud of infectious aerosols if someone were to walk into said cloud. The minimum level of protection against this virus is quite literally a P100 respirator, a PAPR/CAPR, or a 40mm NATO CBRN respirator, ideally paired with a full-body tyvek or tychem suit, gloves, and booties, with all the holes and gaps taped. Live SARS-CoV-2 may potentially be detected in sewage outflows, and there may be oral-fecal transmission. During the SARS outbreak in 2003, in the Amoy Gardens incident, hundreds of people were infected by aerosolized fecal matter rising from floor drains in their apartments. COVID-19 Vaccine Dangers: The vaccines for COVID-19 are not sterilizing and do not prevent infection or transmission. They are “leaky” vaccines. This means they remove the evolutionary pressure on the virus to become less lethal. It also means that the vaccinated are perfect carriers. In other words, those who are vaccinated are a threat to the unvaccinated, not the other way around. All of the COVID-19 vaccines currently in use have undergone minimal testing, with highly accelerated clinical trials. Though they appear to limit severe illness, the long-term safety profile of these vaccines remains unknown. Some of these so-called “vaccines” utilize an untested new technology that has never been used in vaccines before. Traditional vaccines use weakened or killed virus to stimulate an immune response. The Moderna and Pfizer-BioNTech vaccines do not. They are purported to consist of an intramuscular shot containing a suspension of lipid nanoparticles filled with messenger RNA. The way they generate an immune response is by fusing with cells in a vaccine recipient’s shoulder, undergoing endocytosis, releasing their mRNA cargo into those cells, and then utilizing the ribosomes in those cells to synthesize modified SARS-CoV-2 Spike proteins in-situ. These modified Spike proteins then migrate to the surface of the cell, where they are anchored in place by a transmembrane domain. The adaptive immune system detects the non-human viral protein being expressed by these cells, and then forms antibodies against that protein. This is purported to confer protection against the virus, by training the adaptive immune system to recognize and produce antibodies against the Spike on the actual virus. The J&J and AstraZeneca vaccines do something similar, but use an adenovirus vector for genetic material delivery instead of a lipid nanoparticle. These vaccines were produced or validated with the aid of fetal cell lines HEK-293 and PER.C6, which people with certain religious convictions may object strongly to. SARS-CoV-2 Spike is a highly pathogenic protein on its own. It is impossible to overstate the danger presented by introducing this protein into the human body. It is claimed by vaccine manufacturers that the vaccine remains in cells in the shoulder, and that SARS- CoV-2 Spike produced and expressed by these cells from the vaccine’s genetic material is harmless and inert, thanks to the insertion of prolines in the Spike sequence to stabilize it in the prefusion conformation, preventing the Spike from becoming active and fusing with other cells. However, a pharmacokinetic study from Japan showed that the lipid nanoparticles and mRNA from the Pfizer vaccine did not stay in the shoulder, and in fact bioaccumulated in many different organs, including the reproductive organs and adrenal glands, meaning that modified Spike is being expressed quite literally all over the place. These lipid nanoparticles may trigger anaphylaxis in an unlucky few, but far more concerning is the unregulated expression of Spike in various somatic cell lines far from the injection site and the unknown consequences of that. Messenger RNA is normally consumed right after it is produced in the body, being translated into a protein by a ribosome. COVID-19 vaccine mRNA is produced outside the body, long before a ribosome translates it. In the meantime, it could accumulate damage if inadequately preserved. When a ribosome attempts to translate a damaged strand of mRNA, it can become stalled. When this happens, the ribosome becomes useless for translating proteins because it now has a piece of mRNA stuck in it, like a lace card in an old punch card reader. The whole thing has to be cleaned up and new ribosomes synthesized to replace it. In cells with low ribosome turnover, like nerve cells, this can lead to reduced protein synthesis, cytopathic effects, and neuropathies. Certain proteins, including SARS-CoV-2 Spike, have proteolytic cleavage sites that are basically like little dotted lines that say “cut here”, which attract a living organism’s own proteases (essentially, molecular scissors) to cut them. There is a possibility that S1 may be proteolytically cleaved from S2, causing active S1 to float away into the bloodstream while leaving the S2 “stalk” embedded in the membrane of the cell that expressed the protein. SARS-CoV-2 Spike has a Superantigenic region (SAg), which may promote extreme inflammation. Anti-Spike antibodies were found in one study to function as autoantibodies and attack the body’s own cells. Those who have been immunized with COVID-19 vaccines have developed blood clots, myocarditis, Guillain-Barre Syndrome, Bell’s Palsy, and multiple sclerosis flares, indicating that the vaccine promotes autoimmune reactions against healthy tissue. SARS-CoV-2 Spike does not only bind to ACE2. It was suspected to have regions that bind to basigin, integrins, neuropilin-1, and bacterial lipopolysaccharides as well. SARS-CoV-2 Spike, on its own, can potentially bind any of these things and act as a ligand for them, triggering unspecified and likely highly inflammatory cellular activity. SARS-CoV-2 Spike contains an unusual PRRA insert that forms a furin cleavage site. Furin is a ubiquitous human protease, making this an ideal property for the Spike to have, giving it a high degree of cell tropism. No wild-type SARS-like coronaviruses related to SARS-CoV-2 possess this feature, making it highly suspicious, and perhaps a sign of human tampering. SARS-CoV-2 Spike has a prion-like domain that enhances its infectiousness. The Spike S1 RBD may bind to heparin-binding proteins and promote amyloid aggregation. In humans, this could lead to Parkinson’s, Lewy Body Dementia, premature Alzheimer’s, or various other neurodegenerative diseases. This is very concerning because SARS-CoV-2 S1 is capable of injuring and penetrating the blood-brain barrier and entering the brain. It is also capable of increasing the permeability of the blood-brain barrier to other molecules. SARS-CoV-2, like other betacoronaviruses, may have Dengue-like ADE, or antibody-dependent enhancement of disease. For those who aren’t aware, some viruses, including betacoronaviruses, have a feature called ADE. There is also something called Original Antigenic Sin, which is the observation that the body prefers to produce antibodies based on previously-encountered strains of a virus over newly- encountered ones. In ADE, antibodies from a previous infection become non-neutralizing due to mutations in the virus’s proteins. These non-neutralizing antibodies then act as trojan horses, allowing live, active virus to be pulled into macrophages through their Fc receptor pathways, allowing the virus to infect immune cells that it would not have been able to infect before. This has been known to happen with Dengue Fever; when someone gets sick with Dengue, recovers, and then contracts a different strain, they can get very, very ill. If someone is vaccinated with mRNA based on the Spike from the initial Wuhan strain of SARS-CoV-2, and then they become infected with a future, mutated strain of the virus, they may become severely ill. In other words, it is possible for vaccines to sensitize someone to disease. There is a precedent for this in recent history. Sanofi’s Dengvaxia vaccine for Dengue failed because it caused immune sensitization in people whose immune systems were Dengue-naive. In mice immunized against SARS-CoV and challenged with the virus, a close relative of SARS-CoV-2, they developed immune sensitization, Th2 immunopathology, and eosinophil infiltration in their lungs. We have been told that SARS-CoV-2 mRNA vaccines cannot be integrated into the human genome, because messenger RNA cannot be turned back into DNA. This is false. There are elements in human cells called LINE-1 retrotransposons, which can indeed integrate mRNA into a human genome by endogenous reverse transcription. Because the mRNA used in the vaccines is stabilized, it hangs around in cells longer, increasing the chances for this to happen. If the gene for SARS-CoV-2 Spike is integrated into a portion of the genome that is not silent and actually expresses a protein, it is possible that people who take this vaccine may continuously express SARS-CoV-2 Spike from their somatic cells for the rest of their lives. By inoculating people with a vaccine that causes their bodies to produce Spike in-situ, they are being inoculated with a pathogenic protein. A toxin that may cause long-term inflammation, heart problems, and a raised risk of cancers. In the long-term, it may also potentially lead to premature neurodegenerative disease. Absolutely nobody should be compelled to take this vaccine under any circumstances, and in actual fact, the vaccination campaign must be stopped immediately. COVID-19 Criminal Conspiracy: The vaccine and the virus were made by the same people. In 2014, there was a moratorium on SARS gain-of-function research that lasted until 2017. This research was not halted. Instead, it was outsourced, with the federal grants being laundered through NGOs. Ralph Baric is a virologist and SARS expert at UNC Chapel Hill in North Carolina. This is who Anthony Fauci was referring to when he insisted, before Congress, that if any gain-of-function research was being conducted, it was being conducted in North Carolina. This was a lie. Anthony Fauci lied before Congress. A felony. Ralph Baric and Shi Zhengli are colleagues and have co-written papers together. Ralph Baric mentored Shi Zhengli in his gain-of-function manipulation techniques, particularly serial passage, which results in a virus that appears as if it originated naturally. In other words, deniable bioweapons. Serial passage in humanized hACE2 mice may have produced something like SARS-CoV-2. The funding for the gain-of-function research being conducted at the Wuhan Institute of Virology came from Peter Daszak. Peter Daszak runs an NGO called EcoHealth Alliance. EcoHealth Alliance received millions of dollars in grant money from the National Institutes of Health/National Institute of Allergy and Infectious Diseases (that is, Anthony Fauci), the Defense Threat Reduction Agency (part of the US Department of Defense), and the United States Agency for International Development. NIH/NIAID contributed a few million dollars, and DTRA and USAID each contributed tens of millions of dollars towards this research. Altogether, it was over a hundred million dollars. EcoHealth Alliance subcontracted these grants to the Wuhan Institute of Virology, a lab in China with a very questionable safety record and poorly trained staff, so that they could conduct gain-of-function research, not in their fancy P4 lab, but in a level-2 lab where technicians wore nothing more sophisticated than perhaps a hairnet, latex gloves, and a surgical mask, instead of the bubble suits used when working with dangerous viruses. Chinese scientists in Wuhan reported being routinely bitten and urinated on by laboratory animals. Why anyone would outsource this dangerous and delicate work to the People’s Republic of China, a country infamous for industrial accidents and massive explosions that have claimed hundreds of lives, is completely beyond me, unless the aim was to start a pandemic on purpose. In November of 2019, three technicians at the Wuhan Institute of Virology developed symptoms consistent with a flu-like illness. Anthony Fauci, Peter Daszak, and Ralph Baric knew at once what had happened, because back channels exist between this laboratory and our scientists and officials. December 12th, 2019, Ralph Baric signed a Material Transfer Agreement (essentially, an NDA) to receive Coronavirus mRNA vaccine-related materials co-owned by Moderna and NIH. It wasn’t until a whole month later, on January 11th, 2020, that China allegedly sent us the sequence to what would become known as SARS-CoV-2. Moderna claims, rather absurdly, that they developed a working vaccine from this sequence in under 48 hours. Stephane Bancel, the current CEO of Moderna, was formerly the CEO of bioMerieux, a French multinational corporation specializing in medical diagnostic tech, founded by one Alain Merieux. Alain Merieux was one of the individuals who was instrumental in the construction of the Wuhan Institute of Virology’s P4 lab. The sequence given as the closest relative to SARS-CoV-2, RaTG13, is not a real virus. It is a forgery. It was made by entering a gene sequence by hand into a database, to create a cover story for the existence of SARS-CoV-2, which is very likely a gain-of-function chimera produced at the Wuhan Institute of Virology and was either leaked by accident or intentionally released. The animal reservoir of SARS-CoV-2 has never been found. This is not a conspiracy “theory”. It is an actual criminal conspiracy, in which people connected to the development of Moderna’s mRNA-1273 are directly connected to the Wuhan Institute of Virology and their gain-of-function research by very few degrees of separation, if any. The paper trail is well- established. The lab-leak theory has been suppressed because pulling that thread leads one to inevitably conclude that there is enough circumstantial evidence to link Moderna, the NIH, the WIV, and both the vaccine and the virus’s creation together. In a sane country, this would have immediately led to the world’s biggest RICO and mass murder case. Anthony Fauci, Peter Daszak, Ralph Baric, Shi Zhengli, and Stephane Bancel, and their accomplices, would have been indicted and prosecuted to the fullest extent of the law. Instead, billions of our tax dollars were awarded to the perpetrators. The FBI raided Allure Medical in Shelby Township north of Detroit for billing insurance for “fraudulent COVID-19 cures”. The treatment they were using? Intravenous Vitamin C. An antioxidant. Which, as described above, is an entirely valid treatment for COVID-19-induced sepsis, and indeed, is now part of the MATH+ protocol advanced by Dr. Paul E. Marik. The FDA banned ranitidine (Zantac) due to supposed NDMA (N-nitrosodimethylamine) contamination. Ranitidine is not only an H2 blocker used as antacid, but also has a powerful antioxidant effect, scavenging hydroxyl radicals. This gives it utility in treating COVID-19. The FDA also attempted to take N-acetylcysteine, a harmless amino acid supplement and antioxidant, off the shelves, compelling Amazon to remove it from their online storefront. This leaves us with a chilling question: did the FDA knowingly suppress antioxidants useful for treating COVID-19 sepsis as part of a criminal conspiracy against the American public? The establishment is cooperating with, and facilitating, the worst criminals in human history, and are actively suppressing non-vaccine treatments and therapies in order to compel us to inject these criminals’ products into our bodies. This is absolutely unacceptable. COVID-19 Vaccine Development and Links to Transhumanism: This section deals with some more speculative aspects of the pandemic and the medical and scientific establishment’s reaction to it, as well as the disturbing links between scientists involved in vaccine research and scientists whose work involved merging nanotechnology with living cells. On June 9th, 2020, Charles Lieber, a Harvard nanotechnology researcher with decades of experience, was indicted by the DOJ for fraud. Charles Lieber received millions of dollars in grant money from the US Department of Defense, specifically the military think tanks DARPA, AFOSR, and ONR, as well as NIH and MITRE. His specialty is the use of silicon nanowires in lieu of patch clamp electrodes to monitor and modulate intracellular activity, something he has been working on at Harvard for the past twenty years. He was claimed to have been working on silicon nanowire batteries in China, but none of his colleagues can recall him ever having worked on battery technology in his life; all of his research deals with bionanotechnology, or the blending of nanotech with living cells. The indictment was over his collaboration with the Wuhan University of Technology. He had double- dipped, against the terms of his DOD grants, and taken money from the PRC’s Thousand Talents plan, a program which the Chinese government uses to bribe Western scientists into sharing proprietary R&D information that can be exploited by the PLA for strategic advantage. Charles Lieber’s own papers describe the use of silicon nanowires for brain-computer interfaces, or “neural lace” technology. His papers describe how neurons can endocytose whole silicon nanowires or parts of them, monitoring and even modulating neuronal activity. Charles Lieber was a colleague of Robert Langer. Together, along with Daniel S. Kohane, they worked on a paper describing artificial tissue scaffolds that could be implanted in a human heart to monitor its activity remotely. Robert Langer, an MIT alumnus and expert in nanotech drug delivery, is one of the co-founders of Moderna. His net worth is now $5.1 billion USD thanks to Moderna’s mRNA-1273 vaccine sales. Both Charles Lieber and Robert Langer’s bibliographies describe, essentially, techniques for human enhancement, i.e. transhumanism. Klaus Schwab, the founder of the World Economic Forum and the architect behind the so-called “Great Reset”, has long spoken of the “blending of biology and machinery” in his books. Since these revelations, it has come to the attention of independent researchers that the COVID-19 vaccines may contain reduced graphene oxide nanoparticles. Japanese researchers have also found unexplained contaminants in COVID-19 vaccines. Graphene oxide is an anxiolytic. It has been shown to reduce the anxiety of laboratory mice when injected into their brains. Indeed, given SARS-CoV-2 Spike’s propensity to compromise the blood-brain barrier and increase its permeability, it is the perfect protein for preparing brain tissue for extravasation of nanoparticles from the bloodstream and into the brain. Graphene is also highly conductive and, in some circumstances, paramagnetic. In 2013, under the Obama administration, DARPA launched the BRAIN Initiative; BRAIN is an acronym for Brain Research Through Advancing Innovative Neurotechnologies®. This program involves the development of brain-computer interface technologies for the military, particularly non-invasive, injectable systems that cause minimal damage to brain tissue when removed. Supposedly, this technology would be used for healing wounded soldiers with traumatic brain injuries, the direct brain control of prosthetic limbs, and even new abilities such as controlling drones with one’s mind. Various methods have been proposed for achieving this, including optogenetics, magnetogenetics, ultrasound, implanted electrodes, and transcranial electromagnetic stimulation. In all instances, the goal is to obtain read or read-write capability over neurons, either by stimulating and probing them, or by rendering them especially sensitive to stimulation and probing. However, the notion of the widespread use of BCI technology, such as Elon Musk’s Neuralink device, raises many concerns over privacy and personal autonomy. Reading from neurons is problematic enough on its own. Wireless brain-computer interfaces may interact with current or future wireless GSM infrastructure, creating neurological data security concerns. A hacker or other malicious actor may compromise such networks to obtain people’s brain data, and then exploit it for nefarious purposes. However, a device capable of writing to human neurons, not just reading from them, presents another, even more serious set of ethical concerns. A BCI that is capable of altering the contents of one’s mind for innocuous purposes, such as projecting a heads-up display onto their brain’s visual center or sending audio into one’s auditory cortex, would also theoretically be capable of altering mood and personality, or perhaps even subjugating someone’s very will, rendering them utterly obedient to authority. This technology would be a tyrant’s wet dream. Imagine soldiers who would shoot their own countrymen without hesitation, or helpless serfs who are satisfied to live in literal dog kennels. BCIs could be used to unscrupulously alter perceptions of basic things such as emotions and values, changing people’s thresholds of satiety, happiness, anger, disgust, and so forth. This is not inconsequential. Someone’s entire regime of behaviors could be altered by a BCI, including such things as suppressing their appetite or desire for virtually anything on Maslow’s Hierarchy of Needs. Anything is possible when you have direct access to someone’s brain and its contents. Someone who is obese could be made to feel disgust at the sight of food. Someone who is involuntarily celibate could have their libido disabled so they don’t even desire sex to begin with. Someone who is racist could be forced to feel delight over cohabiting with people of other races. Someone who is violent could be forced to be meek and submissive. These things might sound good to you if you are a tyrant, but to normal people, the idea of personal autonomy being overridden to such a degree is appalling. For the wealthy, neural laces would be an unequaled boon, giving them the opportunity to enhance their intelligence with neuroprosthetics (i.e. an “exocortex”), and to deliver irresistible commands directly into the minds of their BCI-augmented servants, even physically or sexually abusive commands that they would normally refuse. If the vaccine is a method to surreptitiously introduce an injectable BCI into millions of people without their knowledge or consent, then what we are witnessing is the rise of a tyrannical regime unlike anything ever seen before on the face of this planet, one that fully intends to strip every man, woman, and child of our free will. Our flaws are what make us human. A utopia arrived at by removing people’s free will is not a utopia at all. It is a monomaniacal nightmare. Furthermore, the people who rule over us are Dark Triad types who cannot be trusted with such power. Imagine being beaten and sexually assaulted by a wealthy and powerful psychopath and being forced to smile and laugh over it because your neural lace gives you no choice but to obey your master. The Elites are forging ahead with this technology without giving people any room to question the social or ethical ramifications, or to establish regulatory frameworks that ensure that our personal agency and autonomy will not be overridden by these devices. They do this because they secretly dream of a future where they can treat you worse than an animal and you cannot even fight back. If this evil plan is allowed to continue, it will spell the end of humanity as we know it. Conclusions: The current pandemic was produced and perpetuated by the establishment, through the use of a virus engineered in a PLA-connected Chinese biowarfare laboratory, with the aid of American taxpayer dollars and French expertise. This research was conducted under the absolutely ridiculous euphemism of “gain-of-function” research, which is supposedly carried out in order to determine which viruses have the highest potential for zoonotic spillover and preemptively vaccinate or guard against them. Gain-of-function/gain-of-threat research, a.k.a. “Dual-Use Research of Concern”, or DURC, is bioweapon research by another, friendlier-sounding name, simply to avoid the taboo of calling it what it actually is. It has always been bioweapon research. The people who are conducting this research fully understand that they are taking wild pathogens that are not infectious in humans and making them more infectious, often taking grants from military think tanks encouraging them to do so. These virologists conducting this type of research are enemies of their fellow man, like pyromaniac firefighters. GOF research has never protected anyone from any pandemic. In fact, it has now started one, meaning its utility for preventing pandemics is actually negative. It should have been banned globally, and the lunatics performing it should have been put in straitjackets long ago. Either through a leak or an intentional release from the Wuhan Institute of Virology, a deadly SARS strain is now endemic across the globe, after the WHO and CDC and public officials first downplayed the risks, and then intentionally incited a panic and lockdowns that jeopardized people’s health and their livelihoods. This was then used by the utterly depraved and psychopathic aristocratic class who rule over us as an excuse to coerce people into accepting an injected poison which may be a depopulation agent, a mind control/pacification agent in the form of injectable “smart dust”, or both in one. They believe they can get away with this by weaponizing the social stigma of vaccine refusal. They are incorrect. Their motives are clear and obvious to anyone who has been paying attention. These megalomaniacs have raided the pension funds of the free world. Wall Street is insolvent and has had an ongoing liquidity crisis since the end of 2019. The aim now is to exert total, full-spectrum physical, mental, and financial control over humanity before we realize just how badly we’ve been extorted by these maniacs. The pandemic and its response served multiple purposes for the Elite: Concealing a depression brought on by the usurious plunder of our economies conducted by rentier-capitalists and absentee owners who produce absolutely nothing of any value to society whatsoever. Instead of us having a very predictable Occupy Wall Street Part II, the Elites and their stooges got to stand up on television and paint themselves as wise and all-powerful saviors instead of the marauding cabal of despicable land pirates that they are. Destroying small businesses and eroding the middle class. Transferring trillions of dollars of wealth from the American public and into the pockets of billionaires and special interests. Engaging in insider trading, buying stock in biotech companies and shorting brick-and-mortar businesses and travel companies, with the aim of collapsing face-to-face commerce and tourism and replacing it with e-commerce and servitization. Creating a casus belli for war with China, encouraging us to attack them, wasting American lives and treasure and driving us to the brink of nuclear armageddon. Establishing technological and biosecurity frameworks for population control and technocratic- socialist “smart cities” where everyone’s movements are despotically tracked, all in anticipation of widespread automation, joblessness, and food shortages, by using the false guise of a vaccine to compel cooperation. Any one of these things would constitute a vicious rape of Western society. Taken together, they beggar belief; they are a complete inversion of our most treasured values. What is the purpose of all of this? One can only speculate as to the perpetrators’ motives, however, we have some theories. The Elites are trying to pull up the ladder, erase upward mobility for large segments of the population, cull political opponents and other “undesirables”, and put the remainder of humanity on a tight leash, rationing our access to certain goods and services that they have deemed “high-impact”, such as automobile use, tourism, meat consumption, and so on. Naturally, they will continue to have their own luxuries, as part of a strict caste system akin to feudalism. Why are they doing this? Simple. The Elites are Neo-Malthusians and believe that we are overpopulated and that resource depletion will collapse civilization in a matter of a few short decades. They are not necessarily incorrect in this belief. We are overpopulated, and we are consuming too many resources. However, orchestrating such a gruesome and murderous power grab in response to a looming crisis demonstrates that they have nothing but the utmost contempt for their fellow man. To those who are participating in this disgusting farce without any understanding of what they are doing, we have one word for you. Stop. You are causing irreparable harm to your country and to your fellow citizens. To those who may be reading this warning and have full knowledge and understanding of what they are doing and how it will unjustly harm millions of innocent people, we have a few more words. Damn you to hell. You will not destroy America and the Free World, and you will not have your New World Order. We will make certain of that. *  *  * This PDF document contains 14 pages, followed by another 17 pages of references. For those, please visit the original PDF file at Covid19 – The Spartacus Letter. *  *  * We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support. Support the Automatic Earth in virustime. Donate with Paypal, Bitcoin and Patreon. Tyler Durden Mon, 09/27/2021 - 00:00.....»»

Category: dealsSource: nyt2 hr. 51 min. ago

The US government requests - and is granted - the most user data from tech companies compared to countries like the UK, France, and Japan: report

The US, Germany, France, the UK, and Japan lead in the number of data requests it sends to tech companies like Facebook and Twitter. Thomas Trutschel/Photothek via Getty Images Apple, Facebook, and Twitter saw an overall increase in the number of user data requests they got from world governments. Governments are typically granted data requests for "law enforcement" purposes, such as investigating international theft, fraud, or trafficking. Major tech companies have all released some form of a transparency report after criticism from digital rights advocates and politicians. See more stories on Insider's business page. Though data privacy is becoming increasingly sought after in the digital era, data show it still isn't fully guaranteed in many countries.The US government asked for and received more user data from tech companies than any other country in 2020, according to a new report from internet security and technology firm Techrobot.The study, which analyzes transparency reports from Apple, Facebook, and Twitter between 2019 and 2020, found growth in the number of requests for user data in 15 countries. The US made 66,598 requests for data in the first quarter of 2020, up 21% in the same period from the previous year. Of those requests, 76% of them - roughly 50,000 pieces of information - were subsequently shared by the tech companies. Many Americans remain skeptical and fearful that social media companies can give their data to a third party, including the US government. The US topped the most requests for Facebook and Twitter information, with 61,528 and 3,429 requests respectively. Facebook also saw six times the amount of data requests from the US than the second-highest country, Germany.Overall, several countries saw significant data request numbers, like Denmark and South Korea, which both saw 400% increases in requests from 2019 to 2020, and Germany, which requested the most information from Apple.However, governments are privy to user data in emergencies within the purview of the tech companies' terms of service - typically under a warrant in emergent situations or criminal investigations across international borders."Government request circumstances can vary from instances where law enforcement agencies are working on behalf of customers who have requested assistance," according to Apple, including in cases involving stolen or missing devices and credit card fraud. "Additionally, requests can relate to emergency situations where there is imminent harm to the safety of any person.""We comply with government requests for user information only where we have a good-faith belief that the law requires us to do so," Facebook says about its transparency guidelines. "When we do comply, we only produce information that is narrowly tailored to that request."In situations where it approves a government request, Facebook can produce basic subscriber metadata, like a user's name, payment information, email, and IP addresses, as well as stored content like photos, videos, and messages.Twitter retains the right to disclose user information for both emergencies and routine legal demands issued by law enforcement, according to Twitter's guidelines on information requests."Where appropriate, Twitter will push back on requests for account information which are incomplete or improper, such as requests that are facially invalid or overbroad in scope," Twitter continued.Over the past few years, tech companies have engaged in battles between each other and the US federal government over the confidentiality of user data. Earlier this month, the National Conference of State Legislatures outlined a comprehensive approach to privacy regulation, covering how data is collected, stored, disclosed, and deleted.Read the original article on Business Insider.....»»

Category: topSource: businessinsider7 hr. 39 min. ago

Elon Musk says Tesla is glad to see new data-security laws after several Beijing-led regulatory crackdowns on Big Tech

Elon Musk's collaborative tone about data security came despite China's richest tech titans being hurt by Beijing's regulatory crackdown. China is one of the most lucrative markets for Tesla. Luo Yunfei/China News Service via Getty Images Tesla is glad to see new data-security laws, Elon Musk said at China's World Internet Conference. "Data security is key to the success of intelligent and connected vehicles," he said on Sunday. Musk's collaborative tone came despite China's richest tech titans dealing with huge losses. See more stories on Insider's business page. Tesla is glad to see new laws relating to strengthening of data management, Elon Musk said at China's World Internet Conference on Sunday.Musk didn't specify that his remarks related to China's strict data protection law, but said Tesla's data centre in the country localizes all data generated for business there.Beijing has been moving to tighten regulation for several months to rein in the power of Big Tech.The nation's Personal Information Protection Law, set to be implemented on November 1, lays out rules around better user data storage and conditions under which companies can gather data, including obtaining prior consent."Data security is key to the success of intelligent and connected vehicles," Musk said in prepared remarks to the summit. "And it's not only closely linked to an individual's interests, but also matters to the whole society.""At Tesla, we are glad to see a number of laws and regulations that have been released to strengthen data management," he said."All personally identifiable information is securely stored in China without being transferred overseas," he said, referring to the company's handling of data. "Only in very rare cases, for example, spare parts, order for overseas is data approved for transfer internationally."He added that he believed data protection was not only an issue of one single company and should be a mutual effort for all industry players. "We're working with regulators on finding the best solution for data security," he said.China is one of the most lucrative markets for Tesla, contributing 30% of total sales for the EV maker in the second quarter this year. At Sunday's summit, China's Vice-Premier Liu said President Xi Jinping has promised to work with countries around the world to shape a vibrant digital economy and build on effective supervision.Other US business leaders that participated via video in the event were the recently appointed CEOs of Intel and Qualcomm, Pat Gelsinger and Cristiano Amon.Musk's collaborative tone came despite the rough patch that the tech sector in China is enduring. The country's richest tech titans, including Jack Ma and Pinduoduo's Colin Huang, have had billions wiped off their personal wealth as a result of investors reacting to Beijing's strict new rules.Read the original article on Business Insider.....»»

Category: topSource: businessinsider11 hr. 23 min. ago

Central Bank Digital Currencies: A Future of Surveillance And Control

Central Bank Digital Currencies: A Future of Surveillance And Control Submitted by Ronan Manly, BullionStar.com One of the most potentially far-reaching trends in the financial landscape right now is the imminent roll-out of Central Bank Digital Currencies (CBDCs), and the parallel attacks which central bankers are waging on private digital currencies and tokens as they tee up the launch of their CBDCs. First some clarifications. While the majority of central bank issued currencies (fiat currencies) in existence around the world are already in digital form, a fiat currency held in digital form is not the same as a Central Bank Digital Currency (CBDC). What is a CBDC? A CBDC generally refers to electronic or virtual central bank (fiat) money that is created in the form of digital tokens or account balances which are digital claims on the central bank. CBDCs will be issued by central banks and will be legal tender. Many CBDCs that are being researched and developed employ Distributed Ledger Technology (DLT), with the recording of transactions on a blockchain.  However unlike private cryptocurrencies which use a permissionless and open design, CBDCs that use DLT will use permissioned variants (deciding who has access to the network and who can view and update records in the ledger). See here for a discussion of permissionless vs permissioned blockchains. CBDCs - The antithesis to decentralized private cryptocurrencies and tokens Critically, as the name suggests, CBDCs will be centralized and governed by the issuing authority (i.e. a central bank). So, in their design and structure, CBDCs can be viewed as the very antithesis to decentralized private cryptocurrencies and tokens. Central banks have already working on two types of CBDCs, ‘wholesale’ digital tokens that would have access restricted to banks and financial entities to be used for activities like interbank payments and wholesale market transactions, and ‘general purpose’ (retail) CBDC for the general public to be used in retail transactions. It is this ‘general purpose’ CBDC which most people are referring to when they discuss central bank digital currencies, and it is these ‘general purpose’ CBDCs that will be most important to watch when  central banks and governments begin to attempt their roll-outs to distribute CBDCs to billions of people across the world either through account-based CBDCs or ‘digital cash’ tokens. As you can guess, account-based CBDCs will be tied to user identities and Digital IDs, and straight off the bat they allow for total surveillance by the State and torpedo any chance of anonymity. For this reason, they are already a favourite among central banks. Given that CBDCs will be centralized ledgers and can be programmable, the ‘digital cash’ token option is not much better in terms of privacy and freedom. The Bank for International Settlements - The Dark Tower of Basel Many central banks will probably opt for a hybrid model of both account-based and token based digital cash. As an example, Canada, the one time liberal democracy, perhaps illustrates the account-based vs token based choices best, where Canada’s central bank, the Bank of Canada, in it’s design documentation for CBDCs shows that at the end of the day, it's about surveillance and control, saying that: “anonymous token-based options would be allowable for smaller payments, while account-based access would be required for larger purchases.” Central banks are also experimenting with various models for distribution of CBDCs to the masses, including using private commercial banks and payment providers who will intermediate on the central banks’ behalf, and also direct distribution of payments by a central bank to a population. Either way, you can see that CBDCs greatly facilitate the statists to advance their Orwellian plans for Universal Basic Income (UBI) and dependency on the state.    Accelerating rollout CBDCs are not just a buzzword or a hazy innovation that may appear sometime in the distant future. They are actively being developed now, and in widespread fashion. In January 2020, the Bank for International Settlements (BIS) issued the results of a survey on CBDCs that it had conducted in the second half of 2019, and to which 66 central banks had responded. Strikingly, 10% of central bank respondents (which represented a fifth of the world’s population) said that they were likely to issue a ‘general purpose’ CBDC (for the general public) in the near future (within the next 3 years). Another 20% of central bank respondents said they would likely issue a ‘general purpose’ CBDC in the medium term (within 6 years). In August 2020, the BIS published a comprehensive working paper on CBDCs titled “Rise of the central bank digital currencies: drivers, approaches and technologies” one part of which analysed the BIS database of central banker speeches and found that between December 2013 and May 2020, there had been 138 central banker speeches mentioning CBDCs, with a dramatic increase in CBDC related speeches since 2016, a timeframe which coincided with central banks launching research projects on CBDCs. The same BIS report also highlighted that, (totally coincidentally) the Covid-19 'pandemic'  "accelerated work on CBDCs in some jurisdictions."  BIS slide on CBDC global project status - August 2021. Source. Fast forward to right now, and on the website of the globalist Atlantic Council (headquartered in Washington D.C.), there is an interesting Central Bank Digital Currency Tracker which lists all the countries that have either launched or piloted a CBDC or are developing or researching a CBDC. Here we find that 5 central banks have already launched a CBDC, 14 have a CBDC in pilot, 16 have a CBDC in development, and another 32 central banks are at the research stage with their CBDC. That makes 67 central banks (countries in total). While the 5 currency areas that have already launched a CBDC are all islands in the Caribbean, the central banks at the pilot stage include heavy weights such as China, South Korea, Thailand, Saudi Arabia and Sweden.   Those at the development stage include the central banks of Canada, Russia, Brazil, Turkey, France and Nigeria. Those at the research stage include the central banks of the US, UK, Australia, Norway, India, Pakistan and Indonesia. So as you can see, this is not some theoretical issue. Centrally controlled digital currencies are coming down the pipe in a big way, and some will be appearing, if not imminently, then very soon. And given the ease with which governments have imposed lockdowns and restrictions on their compliant populations during 2020 and 2021, it is not hard to envisage that these same pliable masses will be easily influenced to embrace CBDCs as being in their 'best interests'. BIS Switzerland - The Usual Suspect    In fact, one third of the entire BIS annual report 2021 is focused on CBDCs in a section titled “CBDCs: an opportunity for the monetary system”. Here, the BIS predictably trumpets the benefits of introducing central bank issued centralized digital currencies while at the same time attempting to undermine private cryptocurrencies. The BIS wording reveals the fact that central banks are in panic over the competitive threat of private cryptos and have accelerated the development of CBDCs partially due to this fear, with the BIS stating that: “Central bank interest in CBDCs comes at a critical time. Several recent developments have placed a number of potential innovations involving digital currencies high on the agenda. The first of these is the growing attention received by Bitcoin and other cryptocurrencies; the second is the debate on stablecoins; and the third is the entry of large technology firms (big techs) into payment services and financial services more generally.” The BIS then attempts to dismiss each of these 3 threats: Cryptocurrencies, claims the BIS “are speculative assets rather than money, and in many cases are used to facilitate money laundering, ransomware attacks and other financial crimes”. Bitcoin comes in for some special mention with the BIS saying that “Bitcoin in particular has few redeeming public interest attributes when also considering its wasteful energy footprint’. Stablecoins, says the BIS “attempt to import credibility by being backed by real currencies” that are “ultimately only an appendage to the conventional monetary system and not a game changer.” The entry of large tech firms that dominate social networks, search, messaging, and e-commerce into the realm of financial services and payments provision infrastructure seems to especially bother the BIS, and it spins it’s criticism into the argument that although these platforms have large network affects, this creates “further concentration” in the market for payments. The irony is not lost on the fact that it’s the BIS, as the central bank of central banks and one of the most concentrated power centres in the world, that is criticizing others’ “concentration” of power.   Throughout this CBDC pitch, the BIS report refers at numerous points that digital currencies should be “in the public interest”, which really means that digital currencies should be controlled by the BIS and its central bank members, as well as perpetuate their centralized monetary power structure. The BIS even has the gall to claim that CBDCs should respect privacy rights, when in fact the whole architecture, rationale and design of central bank digital currencies will allow central banks and national authorities to invade totally on privacy rights.  But sometimes the BIS let's it's guard down, and reveals it's authoritarian plans for CBDCs. A case in point is a recent interview with Agustín Carstens general manager of the BIS, where he chillingly said:  "We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today. The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.” See video segment below for Carstens' remarks: Singing from the Same Song Sheet With the BIS is Basel Switzerland as the conductor and orchestrator, it's not surprising that central bank governors and country heads are now singing from the same song sheet, the song being ‘private digital currencies bad, central bank digital currencies good’. Earlier this month (September 2021) at a banking conference in Stockholm, the governor of Sweden’s central bank (Riksbank), Stefan Ingves, commented that ‘private money usually collapses sooner or later’, while conveniently failing to mention the hundreds of government and central bank issued paper currencies that have collapsed throughout history due to overprinting, depreciation and hyperinflation. Nor did Ingves mention Voltaire’s famous quote that “Paper money eventually returns to its intrinsic value - zero”. Ingves, whose country is one of the leaders in promoting a cashless society, also took a derogatory swipe at Bitcoin saying “sure, you can get rich by trading in bitcoin, but it’s comparable to trading in stamps.” All the while the Riksbank is pushing ahead with it’s central bank digital currency, called the e-krona, a CBDC which uses distributed ledger technology, and which the Swedish central bank is currently testing in conjunction with Handelsbanken, one of Sweden’s largest retail banks. In the same week as Ingves’s comments in Sweden, the governor of Mexico’s central bank, Alejandro Diaz de Leon, was also taking a shot at private cryptocurrencies and for good measure he also put the boot into precious metals. Diaz de Leon said that Bitcoin is more like a method of barter than ‘evolved’ fiat money, and continued “in our times, money has evolved to be fiat money issued by central banks. Bitcoin is more like a dimension of precious metals than daily legal tender.” That comment, which attacks two birds with one stone (crypto and precious metals), will definitely please his central bank governor colleagues at thee BIS, and may even earn Diaz de Leon a nomination as the next BIS general manager, to succeed his fellow countryman Agustín Carstens.    Speaking of the BIS, Benoit Coeure, head of the BIS Innovation Hub, also gave a WEF style speech about CBDCs in early September, acknowledging the convenient catalyst of the covid 'pandemic', and the accelerated development of CBDCs by central banks:  "the world is not returning to the old normal. Payments are a case in point. The pandemic has accelerated a longer-running move to digital .... the world's central banks are stepping up efforts to prepare the ground for digital cash – central bank digital currency (CBDC): "A CBDC's goal is ultimately to preserve the best elements of our current systems while still allowing a safe space for tomorrow's innovation. To do so, central banks have to act while the current system is still in place – and to act now." Turkey’s president, Recep Tayyip Erdoğan, also recently joined in the attack on private digital currencies, while simultaneously promoting Turkey’s CBDC. At an event on 18 September, the Turkish president stated that:  “we have absolutely no intention of embracing cryptocurrencies” “on the contrary, we have a separate war, a separate fight against them. We would never lend support to [cryptocurrencies]. Because we will move forward with our own currency that has its own identity.” PBOC SAYS ALL CRYPTO-RELATED TRANSACTIONS ARE ILLEGAL So the digital yuan is a complete disaster eh? — zerohedge (@zerohedge) September 24, 2021 China: Digital Yuan - An Ominous Blueprint  A huge red flag over CBDCs and user privacy is that these central bank digital currencies are programmable, as details on China’s ‘Digital Yuan’ already show. For example, the Digital Yuan can be programmed to be activated on a certain date, programmed to expire on a certain date, programmed to be only valid for certain purchases, and ominously, programmed to be only available to citizens who meet certain pre-conditions. As a potential blueprint for other CBDCs, people across the world need to sit up and take notice, because the issuing authorities of these CBDCs coming down the pipe can therefore decide who gets access to CBDCs, what they can transact using those currencies, and how long the purchasing power remains valid. Central Banks can thus influence and control the behaviour of the recipients of this centralised digital cash,  as well as exclude those who they want to penalize or who don’t comply with the State's rules or parameters. And right on cue as this article was just published, Chinese authorities have now announced (on 24 September)  a total ban on all cryptocurrency transactions. Except of course, it's upcoming authoritarian Digital Yuan.    The future according to WEF's Klaus Schwab and his Elite private banker handlers Conclusion - Slavery or Monetary Freedom Although central banks will claim that they are introducing CBDCs for reasons such as improving payments efficiency, boosting financial inclusion for the unbanked and tackling illicit transactions, their real motivations, as always, are for surveillance and control. Surveillance of a population via complete visibility into financial transaction flow and user identities, and centralized control of the money supply within a cashless financial system. Think China’s social credit system on a global dystopian scale, where vax passes evolve into digital IDs and digital IDs link to CBDC issuance and use. In fact, the entire coercion around implementing vaccine passports and digital IDs looks to be a pre-planned stepping stone for the roll-out of central bank digital currencies and global social credit systems. The timing of the accelerated emergence of CBDCs may partially be an attempt by central banks to outflank the numerous private cryptocurrencies, tokens and decentralized finance ecosystems that have emerged and that are a threat to the power of the centralized banking system at whose apex sits the BIS. But it would be naïve to think that central banks that knew in advance about the initiation of a‘WEF’ global technocratic and corpocratic takeover that would begin in 2020, are not now orchestrating the rollout of CBDCs as part of a long-term global agenda, that agenda being the global socialist Agenda 2030, and a future in which, according to the Davos World Economic Forum (WEF) “You’ll own nothing. And you’ll be happy”. BIS and central bank attacks against private cryptocurrencies are to be expected. After all, the same central banks and the BIS have waged a very long war against physical gold and silver. And precious metals have been money since 4000 B.C.. With the launch of CBDCs by central banks and their elitist private banking controllers, that war looks set to intensify. So, do you want a future of monetary freedom, or a future of perpetual slavery to central banker CBDCs?  If you want monetary freedom, then ownership of physical precious metals and private and anonymous digital currencies are now some of the only ways to counter and protect against the ominous CBDC plans which the BIS and its central bank members are intent with imminently rolling out. *  *  * This article originally appeared on the BullionStar.com website under the same title "Central Bank Digital Currencies – A Future of Surveillance and Control" Tyler Durden Sun, 09/26/2021 - 15:00.....»»

Category: dealsSource: nyt11 hr. 39 min. ago

8 things you should never say in a job interview - and smart phrases to use instead

You have one chance at a first impression, so avoid giving one-word answers or talking badly about previous employers. Job interviews are all about putting your best foot forward, so don't focus on anything negative. Getty Around 55% of Americans will search for a new job this year, according to a Bankrate survey. At a job interview, avoid giving one-word answers and disparaging previous employers. Do your homework on the salary range you should ask for and be ready to ask questions. See more stories on Insider's business page. One pandemic takeaway that we're taking with us for decades to come (i.e. forever) is the "great awakening" many of us have had about what makes us happy and what doesn't. Because nothing tends to put that into perspective quite like stay-at-home orders, tight budgets, and pajamas for days.If lately it's felt like everyone you know is channeling this great awakening into their careers, that's because we are - 55% of us are planning to find a new job this year, according to a recent Bankrate survey. The phenomenon even has a name: The Great Resignation. And it's not likely to wane anytime soon, as more of us seek everything from pay raises and title changes to a hybrid or completely remote work environment.If you're one of the millions looking to make a change, it's time you did a little prep work. Maybe it's been a while since you walked into a job interview, and maybe they seem a little more intimidating than they did a few years ago. (What is it about Zoom introductions that feel so much more tense and awkward than an old-fashioned handshake ever did?)Thankfully, no matter what kind of interview you're prepping for, the old rule of thumb to put your best foot forward hasn't changed, even in this brave new digital world. Here's a look at eight phrases to avoid using during your interview - and what to say instead - so you can sell yourself as the absolute best person for the job, and secure the offer you want. You got this!1. Don't say: 'I don't have experience doing X'Try to avoid answering in the negative, which can sow doubts about your credentials and abilities, says Allison Cheston, career advisor. Instead, you'll want to project an attitude of facility and flexibility.Say this instead: "I've had experience doing Y in my last role, and have taken a class recently in X, so I am confident I can hit the ground running."This is a better way to show you're prepared to take on new challenges, Cheston says. Try to reply in the affirmative to job interview questions, even if you're answering the question in a slightly different way.2. Don't say: 'I'm flexible' when negotiating your salaryIf you say you're flexible, the truth is, you're much more likely to get low-balled, Cheston says. If you're flexible, it implies that you're willing to take whatever figure is offered, and that you have no other prospects. It's time to get paid what you're seeking and what you deserve.Say this instead: "My skills and experience put me on the higher end of the salary range for this position. Let me explain…"Do your homework on the salary range for the role you're applying for at the company prior to your interview. Indicate that you believe you're worth a higher salary, and share details from your background to back it up, she says.3. Don't say: 'I made a terrible mistake'Prospective employers love to ask you behavioral questions in an interview - like, "Tell me about a time when you had a misunderstanding at your workplace," or "Can you give us an example of how you resolved a communication problem with a coworker?" You really want to be prepared for these questions, or your interview could get derailed quickly, Cheston says.Say this instead: "I learned so much from that experience…"Practice a positive narrative of how you learned from conflicts and missteps in a previous role. Remember that employers don't want to hire someone who is flawless and who has never stepped out of line - they want to hire someone who can learn important lessons on the fly, resolve conflicts when they come up, and admit when they are wrong. Present yourself in the best possible light by showing what you learned from the experience and the insight you gained, Cheston says.4. Don't say: 'My weaknesses are actually my strengths'"In nearly every interview, you should plan on being asked about your perceived weaknesses," said Krista Demcher, business strategist and CEO of the ACORN Method. Before you walk into an interview, make sure you're ready for this question with a solid answer. In other words, for the love of god, stop saying that you're a "perfectionist" or that you "work too hard."Those are the classic not-real-at-all, so-fake-you-can-spot-them-a-mile-away kinds of weaknesses that nearly everyone has tried over the years. You've got to give a real answer so your interviewer knows you're capable of an honest self- evaluationSay this instead: "In the past, I have struggled with…"When you're asked about your weaknesses, it's time to paint a picture of who you are. For example, you could say, "I love new challenges and I get completely immersed in the projects I work on. But I'm a big picture person who sometimes struggles with details," or you could say, "Sometimes I get too in my own head, and I forget that other people outside of the marketing department don't speak the same lingo that I do, so I need to slow down."Whatever you say, be honest with your answer, and look to say something that adds depth to your character, while still also portraying positivity. Employers know that a candidate who can verbalize a weakness is someone who is probably also committed to self improvement. Again, they don't want you to be flawless - they want to see that you're willing to improve and learn from your mistakes.5. Don't say: 'My old boss was awful, and that company was the worst place to work'Even if it's true and your boss was an absolute nightmare, it's never appropriate to trash talk your current or former employer. Ever. Even if you're asked a leading question from an interviewer. When you say negative things about a previous employer, it sends an unprofessional message loud and clear: If she's willing to trash talk that company, she will be willing to trash talk us. "Not only can the hiring manager imagine you saying the same things about them in 6-12 months, it also makes you come across as gossipy and difficult to manage," Demcher said.Say this instead: "There are aspects I enjoyed about my former position, but I am looking to make a change."Be honest about what you enjoyed about your former job and experiences. Avoid going into specifics about your dislikes. Think about it this way: when you talk about what you enjoyed about your role, that probably gives you an opportunity to talk about how you excelled. We'd call that a win-win.6. Don't say: 'How do I get promoted?' or 'How often will I be eligible for a raise?'Let's get real here for a second: The hiring manager wants you to succeed in your role - even enjoy your role - but their first priority is how you will benefit the company. In other words, make the interview less about what they can do for you, and more about what you can do for them, Demcher explains.Say this instead: "How can I help the organization achieve objectives?"In your interview, it's your job to take every opportunity to show that you're there to help advance organization. Show them how you can be an asset to the organization.7. Don't say: 'Yes,' 'No,' or any other one-word answersIs there anything that's a worse conversation-killer than a one-word answer? We've all been stuck at a networking event with a dude who did just that, leaving us to desperately scan the room for an escape - don't be that dude. The interview is your chance to sell yourself as the right hire by being your charming and engaging self. Show them that you're interested in the job.Say this instead: Some questions will necessitate a "Yes" or" No," and that's OK. Your job is to then elaborate by answering why.This is a great opportunity to weave a story into your response to the interviewer's question, Demcher says. "Stories are some of the most impactful messages you can send in an interview, and a good story helps you stand out from the crowd." Don't be afraid to show enthusiasm and personality.8. Don't say: 'Nope, I don't have any questions'You should always have several good questions to throw out at the end of an interview. Managers want to hire curious, engaged, and thoughtful people. Those are the kind of people who prepare good questions and aren't afraid to ask them. When a hiring manager has spent their time telling you about the role and the company, the most important thing you can show them is that you've put some real thought into taking the role, Demcher says.Say this instead: "Yes! I have several."Then proceed with your questions, starting with the most important ones first, since time may be running short. It may be that you need to follow up via email with additional questions, but that's OK, too. This gives you a chance to keep the lines of communication open with your prospective boss. You got this!Read the original article on Business Insider.....»»

Category: topSource: businessinsider14 hr. 51 min. ago

The top 9 shows on Netflix this week, from "Sex Education" to "Manifest"

Netflix's "Sex Education" topped its streaming rankings this week, and "Manifest" is still a hit after the streaming giant announced a revival. "Sex Education." Netflix Every week, the streaming search engine Reelgood compiles for Insider a list of the TV shows that have been most prominent on Netflix's daily top-10 lists. Netflix counts a view if an account watches a movie or TV show for at least two minutes. "Sex Education's" third season debuted recently and propelled the series to the top spot this week. See more stories on Insider's business page. 9. "Nailed It!" (Netflix original, 2018-present) Netflix Description: "Home bakers with a terrible track record take a crack at re-creating edible masterpieces for a $10,000 prize. It's part reality contest, part hot mess."Rotten Tomatoes critic score: 98%What critics said: "We're all trying the best we can — and Nailed It! celebrates our gameness to get out of bed every day and keep trying, and maybe laugh along the way, too." — Vox (season four) 8. "Manifest" (NBC and Netflix, 2018-present) NBC Description: "When a plane mysteriously lands years after takeoff, the people onboard return to a world that has moved on without them and face strange, new realities."Rotten Tomatoes critic score: N/AWhat critics said: "Manifest's premiere is confident and declares that it hasn't lost any of its heart or soul, as the Stone family conquers the new threats that face them more together than ever, even if they're hundreds of miles apart." — Tell-Tale TV (season three) 7. "Sharkdog" (Netflix original, 2021-present) Netflix Description: "Half shark, half dog with a big heart and a belly full of fish sticks! Together, Sharkdog and his human pal Max can take on any silly or messy adventure."Rotten Tomatoes critic score: N/AWhat critics said: N/A 6. "The Circle" (Netflix original, 2020-present) Netflix Description: "Status and strategy collide in this social experiment and competition show where online players flirt, befriend and catfish their way toward $100,000."Rotten Tomatoes critic score: N/AWhat critics said: "I'm not even sure the snark of host Michelle Buteau can save season three of The Circle." — The Spool (season three) 5. "Cocomelon" (YouTube, 2019-present) Netflix Description: "Learn letters, numbers, animal sounds and more with J.J. in this musical series that brings fun times with nursery rhymes for the whole family!"Rotten Tomatoes critic score: N/AWhat critics said: N/A 4. "Lucifer" (Netflix original, 2016-2021) "Lucifer" Netflix Description: "Bored with being the Lord of Hell, the devil relocates to Los Angeles, where he opens a nightclub and forms a connection with a homicide detective."Rotten Tomatoes critic score: 88%What critics said: "For five seasons, we watched Lucifer work on himself in therapy. Season 6 finally lets him use everything he's learned to reach his destiny." — Polygon (season six) 3. "Clickbait" (Netflix original, 2021-present) Netflix Description: "When family man Nick Brewer is abducted in a crime with a sinister online twist, those closest to him race to uncover who is behind it and why."Rotten Tomatoes critic score: 55%What critics said: "Clickbait is yet another digital-concerned show/film that gestures at big ideas about the internet — catfishing, cancel culture, surveillance, etc — but fails to capture the contours of life on it." — Guardian (season one) 2. "Squid Game" (Netflix original, 2021-present) Netflix Description: "Hundreds of cash-strapped players accept a strange invitation to compete in children's games. Inside, a tempting prize awaits — with deadly high stakes."Rotten Tomatoes critic score: 100%What critics said: "Squid Game doesn't offer an escape from the horrors of the real world; within its limitations as a fictional drama, it gives us something far rarer: an affirmation that they exist, and that we're not alone in finding them nightmarish." — Den of Geek (season one) 1. "Sex Education" (Netflix original, 2019-present) Netflix Description: "Insecure Otis has all the answers when it comes to sex advice, thanks to his therapist mom. So rebel Maeve proposes a school sex-therapy clinic."Rotten Tomatoes critic score: 96%What critics said: "All the young actors shine, but none of them more than Ncuti Gatwa, who plays Eric with an energy and resilience that is inspiring to watch. This season, Gatwa isn't just a joy; he brings more nuance and authenticity than ever." — Boston Globe (season three) Read the original article on Business Insider.....»»

Category: topSource: businessinsider14 hr. 51 min. ago

Elon Musk says Tesla is glad to see new data-security laws after several Beijing-led regulatory crackdowns on big tech

Elon Musk's collaborative tone about data security came despite China's richest tech titans being hurt by Beijing's regulatory crackdown. China is one of the most lucrative markets for Tesla. Luo Yunfei/China News Service via Getty Images Tesla is glad to see new data-security laws, Elon Musk said at China's World Internet Conference. "Data security is key to the success of intelligent and connected vehicles," he said on Sunday. Musk's collaborative tone came despite China's richest tech titans dealing with huge losses. See more stories on Insider's business page. Tesla is glad to see new laws relating to strengthening of data management, Elon Musk said at China's World Internet Conference on Sunday.Musk didn't specify that his remarks related to China's strict data protection law, but said Tesla's data centre in the country localizes all data generated for business there.Beijing has been moving to tighten regulation for several months to rein in the power of big tech.The nation's Personal Information Protection Law, set to be implemented on November 1, lays out a set of rules around better storage of user data and conditions under which companies can gather data, including obtaining prior consent."Data security is key to the success of intelligent and connected vehicles," Musk said in prepared remarks to the summit. "And it's not only closely linked to an individual's interests, but also matters to the whole society.""At Tesla, we are glad to see a number of laws and regulations that have been released to strengthen data management," he said."All personally identifiable information is securely stored in China without being transferred overseas," he said, about the company's handling of data. "Only in very rare cases, for example, spare parts, order for overseas is data approved for transfer internationally."He added that he believed data protection was not only an issue of one single company and should be a mutual effort for all industry players. "We're working with regulators on finding the best solution for data security," he said.China is one of the most lucrative markets for Tesla, contributing 30% of total sales for the EV maker in the second quarter this year. At Sunday's summit, China's Vice-Premier Liu said President Xi Jinping has promised to work with countries around the world to shape a vibrant digital economy and build on effective supervision.Other US business leaders that participated via video in the event were the recently appointed CEOs of Intel and Qualcomm, Pat Gelsinger and Cristiano Amon.Musk's collaborative tone came despite the rough patch that the tech sector in China is enduring. The country's richest tech titans, including Jack Ma and Pinduoduo's Colin Huang, have had billions wiped off their personal wealth as a result of investors reacting to Beijing's strict new rules.Read the original article on Business Insider.....»»

Category: topSource: businessinsider14 hr. 51 min. ago

Netflix true-crime documentary dives into cryptic death of crypto millionaire Gerald Cotten

QuadrigaCX CEO Gerald Cotten died under strange circumstances in 2018, causing $190 million worth of his clients' funds to go missing. Gerald Cotten. Facebook Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. Cotten's sudden death in 2018 led to the disappearance of millions of dollars worth of his investors' Bitcoin funds. The Netflix documentary will follow investors-turned-investigators looking into theories on the founder's sudden death. See more stories on Insider's business page. A new Netflix true-crime documentary is tackling a bizarre story from the world of cryptocurrency.Netflix's 'Trust No One: The Hunt for the Crypto King' explores the story of Gerald Cotten, founder and CEO of Canadian crypto exchange business QuadrigaCX, whose passed away unexpectedly in 2018.The documentary follows a group of Quadriga investors turned sleuths who dig into the suspicious death of Cotten and the millions of missing cryptocurrency they believe Cotten stole from them, according to a tweet from Netflix announcing the film.Cotten encrypted and stored about $190 million worth of his customers' Bitcoin caches and held sole responsibility for the passwords needed to access those funds. Then, the crypto millionaire suddenly died in India from complications from Crohn's disease about three years ago. Cotten neglected to pass on the passwords to the accounts, and in 2019, when investigators tracked down Cotten's digital wallets, all the money was gone. Customers have since struggled to regain access to their money, citing withdrawl issues and lack of communication from the company. The circumstances sparked speculation from some in the crypto community that the CEO faked his death and stole his clients' money. Official investigations into the matter have yet to produce any definitive answers. A sneak preview of the Netflix doc contains images that suggest the documentary will show the investors dive deeper into these conspiracies.The streaming service announced the feature alongside a slate of upcoming true-crime projects last week. Netflix has seen a boom with its true-crime docuseries, from 'Tiger King' to 'Making a Murderer.' It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020.'Trust No One: The Hunt for the Crypto King' will be released sometime in 2022.Read the original article on Business Insider.....»»

Category: topSource: businessinsider14 hr. 51 min. ago

How We Know Bitcoin Is A Force For Good

How We Know Bitcoin Is A Force For Good Authored by Mark Jeftovic via BombThrower.com, Cryptos are the antidote to repressive Central Bank Digital Currencies Yesterday I wrote up why I don’t think any kind of China-style ban on Bitcoin and cryptos would be tenable in (so-called) liberal democracies here in the West. It referenced an earlier piece that described the threefold governance structure I see competing for relevance over the coming decades. Somebody linked to those in the comments from a Tom Luongo piece (which I rather enjoyed enough to subscribe to his newsletter) but when I read through some of the other comments around Bitcoin, how it’s a globalist Trojan horse for surveillance capitalism and social credit I realized I needed to get a piece out to speak specifically to this aspect of future governance. I cover this a lot in The Crypto Capitalist Letter, in fact it’s a pillar of our macro economic thesis (which you can download free here). It all comes down to the differences between real crypto currencies like Bitcoin, Ethereum, Dash, Monero, et al and coming Central Bank Digital Currencies (CBDCs), like China’s Digital Yuan, like the coming FedCoin, and anything else that will be issued by central banks, directly from governments or even in conjunction with Big Tech platforms. There are the two main types of digital money that will co-exist in the future. Each type of digital money corresponds to a governance mode of the future. Which type of this money you make your own or your business’ financial centre of gravity will have an outsized impact on whether you live in the future as a neo-Feudal serf or as a sovereign individual. Each one has its own fundamental architecture, and the governance and economics that result from those architectures reflect the governance models of the mode that is built on them. This is critical and builds on what I’ve been writing about for  years now, drawing on the work of relatively obscure commentators like Vincent Locascio and Steven Zarlenga. The latter who wrote in his Lost Science of Money, whoever controls the monetary system, controls society. “a main arena of human struggle is over the monetary control of societies and that control has been and is now exercised through obscure theories about the nature of money. If it had to be summarized in one sentence, it is that by misdefining the nature of money, special interests have often been able to assume the control of society’s monetary system, and in turn, the society itself. ”. It is because of how fundamentally the monetary architecture is reflected in the governance stack that sits atop of it that I can make the case with rather high confidence that Bitcoin and cryptos are not Trojan horses for globalist control. They are the opposite – they are the mechanisms through which people, all people, any person, the masses – can reclaim their own economic autonomy and become self-ruling and free. The defining feature that makes them so is simply that a liberating crypto-currency is designed such that the blockchain is decentralized anybody can take part in validating the blockchain the possessor controls the private keys to the units he or she owns This is Bitcoin. These are cryptos in general. They may also contain other features that confer a “sound money” status on them, like Bitcoin’s 21 million unit hard cap or Ethereum’s EIP 1559 protocol. But it is these three attributes, especially the last one, of holding one’s own private keys, that make them emancipatory monetary technologies. The crypto folks have an expression: “Not your keys, not your coins”. I expect this to be the defining feature that demarcates the difference between a bona fide crypto currency that empowers its holders and centralized digital cash (tokens) that governments and central banks run to control the populace. Those skeptical of Bitcoin, who suspect a globalist, Davos-inspired regimen of surveillance and social credit are correct about digital cash being the conduit for those, but they’ve simply conflated all forms of digital money and view Bitcoin as typical or a test-run of them. This misconception arises simply from not knowing or understanding the differentiators between a crypto like Bitcoin and a Central Bank Digital Currency (CBDC), like a coming “FedCoin”. CBDCs will very much be tools of elitists to implement top-down command-and-control economics and even Great Reset-style social management through monetary policy. CBDCs will in all likelihood not be designed to put the private keys over the currency units into the hands of its possessor. Digital “cash” under CBDCs will be centrally programmable and implemented without end-user consent across all national governance and Davos-inspired initiatives. CBDCs will be the rails of all manner of economic programs (like UBI and MMT) and social policy objectives which simply are not possible, or desirable under cryptos: Expiry dates on “cash” in your wallet Negative interest rates if you try to save any of it Social credit objectives (no jab / no stimmie) Instant taxation on transactions and payments Social justice pricing (cup of coffee costs 10X if you’re in a higher tax bracket) Built-in climate tariffs Capital controls Infinitely inflatable, issue on demand If you thought the Federal Reserve was suffering from mission creep now that they’ve decided to tackle climate change and social justice, just wait until they get the ability to program what you can do with your monthly stimmie after it already in your wallet. (Anybody remember the original Robocop?) That is what we’re looking at with CBDCs and if that’s your dystopian vision of what digital cash means, you’re not wrong. You’re just misdirecting your apprehensions if you think that’s what Bitcoin means. This is because it and most of the other digital currencies are the antidote to CBDCs. Which is why they are subject to such hostility from policy makers, the corporate press and elites. This will be a battle. A never-ending tension between these two digital money systems – crypto currencies, which are actually fungible, inelastic, deflationary (purchasing power increases over time) and which gives their holders economic autonomy in this new era. On the other side we’ll have these centrally issued, programmable digital tokens. Which side of the ledger the majority of your economic activity happens on will govern your future status as a Neo-Serf or an autonomous Sovereign Individual. If the dynamic becomes extreme it could even result in a kind of monetary Apartheid. The good news is that today, at this moment in time, it’s still largely self-selecting. I’ve written many times, that crypto’s (real cryptos, not CBDCs or even stablecoins) are all about optionality. Crypto’s like Bitcoin confer options on their holders (HODL-ers), while the coming CBDCs will be all about limiting them. *  *  * I cover this dynamic extensively in The Crypto Capitalist Letter, a long with a tactical focus on publicly traded crypto stocks. Get the overall investment / macro thesis free when you subscribe to the Bombthrower mailing list, or try the premium service for a month with our fully refundable trial offer. Tyler Durden Sun, 09/26/2021 - 12:00.....»»

Category: blogSource: zerohedge15 hr. 23 min. ago

Pret A Manger is tempting US coffee lovers with its subscription service, capitalizing on a booming trend among retailers

Pret A Manger's announcement follows a successful rollout in the UK, which garnered 16,500 subscriptions on its debut day. In 2020, Pret garnered 16,500 subscriptions on its first day in the UK. Photo by: Newscast/Universal Images Group via Getty Images Pret A Manger has launched its coffee-subscription program in New York City and Washington, D.C. It follows a successful rollout in the UK, which garnered 16,500 subscriptions on its debut day. The coffee market is showing resilience, said an expert from the Speciality Coffee Association. See more stories on Insider's business page. Cafe chain Pret A Manger has launched its coffee subscription service in New York and Washington D.C., the company recently announced. Its US debut comes after a successful rollout in the UK market. In 2020, Pret garnered 16,500 subscriptions on its first day in the UK. "After seeing success in the UK market, Pret A Manger is eager to offer its US customers a program with similar benefits, starting with a free first month for all new subscribers," the company said in a statement. The coffee market has shown resilience during the pandemic, according to Peter Giuliano, chief research officer of the Speciality Coffee Association. "Lots of people were predicting reduced coffee consumption caused by the pandemic, some even predicting the end of the small coffee shop," he told Insider. Some brands have been able to adapt to a new normal, however. "Chains who made a strong pivot to at home consumption, focusing on programs like subscription services, seemed more resilient during the pandemic," Giuliano said.The service will operate via Apple or Google digital wallets or QR codes, which are emailed to subscribers. As in the UK, customers have to wait 30 minutes between each order using the service. This is to prevent people buying drinks wastefully or for friends without a subscription, Insider's Grace Dean reported. "We recognize our customers need for ease, flexibility and value, and this subscription model will be able to provide that," said Jorrie Bruffett, president of Pret A Manger in the US.Bruffett said the chain has also invested in new technology to enhance the overall customer experience. "This innovation in technology comes with a new app redesign and more exclusive perks to be launched later this year," he said in a statement. The subscription economy has experienced growth of more than 435% over the last nine years, according to Zuora, a subscription-management platform.Like Pret, other chains in the restaurant space have tested out subscription-based models as a way to retain customers. Restaurants are following the success of models from Netflix and Amazon in the subscription sales industry, which is projected to hit $263 billion by 2025 according to Juniper Research. In 2020, Panera debuted an unlimited-coffee subscription for its MyPanera loyalty program members, which costs $9 a month, or about $108 annually. More recently, Taco Bell announced it is testing an in-app-only taco subscription in Arizona for $5. Customers who sign up for a Taco Lover's Pass can indulge in a free taco daily, for 30 days. Pret's subscription service was first launched as a plan to turn around its finances, which were knocked by the COVID-19 pandemic. The company's sales slumped 74% in 2020, compared with 2019. Insider's Grace Dean reported. It also cut a third of its UK workforce in 2020 and closed multiple stores in the US.But Sean Keith, director of new business development at Eagle Eye, which powers Pret's subscription, previously told Insider that the subscription program was a success for bringing in new customers and keeping them coming back."We see businesses that are playing in subscriptions are out-competing businesses that are not," he said. Pret's classic plan is $19.99 a month and includes all organic coffees and teas with a flavored syrup add-on. Its premium plan costs $29.99 a month and includes all espresso-based, barista-made drinks, as well as organic coffees and teas with an espresso shot or flavored syrup add-on. Both plans include hot or iced drinks of any size. Read the original article on Business Insider.....»»

Category: worldSource: nytSep 26th, 2021

Welcome To The Central Bank Hotel, Once Inside You Can Never Leave

Welcome To The Central Bank Hotel, Once Inside You Can Never Leave Authored by Mike Shedlock via MishTalk.com, Central bank digital currencies are on the way. The German Central Bank just embraced a digital euro. Let's discuss the risks... Fintech and Global Payments  Jens Weidmann, president of the Bundesbank, Germany's central bank gave the opening speech at the digital conference “Fintech and the global payments landscape – exploring new horizons” Exploring a Digital Euro The title of Weidmann speech was Exploring a Digital Euro.  Emphasis mine with my thoughts in braces [ ] Paper money, for instance, was first introduced in China about a thousand years ago. This innovation eventually transformed the payments system. Today, digitalisation is on the cusp of overhauling payments. Central banks have to work out how to respond to this challenge. One possibility is the issuing of central bank digital currencies (CBDCs). According to a survey by the Bank for International Settlements (BIS), the share of central banks conducting work on CBDC for general or wholesale use rose to 86% last year. Many of them have made significant progress. Two months ago, the Eurosystem launched a project to investigate key questions regarding the design of a CBDC for the euro area. The aim of the investigation is to prepare us for the potential launch of a digital euro. Experiments have already shown that, in principle, a digital euro is feasible using existing technologies. As my ECB colleague Fabio Panetta has stressed, a digital euro would have “no liquidity risk, no credit risk, no market risk,” in this way resembling cash. [No Risk? Really]  The protection of privacy would thus be a key priority in terms of maintaining people’s trust. European data protection rules would have to be complied with. Nevertheless, a digital euro would not be as anonymous as cash. In order to prevent illicit activities such as money laundering or terrorist financing, legitimate authorities would have to be able to trace transactions in individual, justified cases. [Every Case] But designing CBDC involves curbing its risks. In order to prevent excessive withdrawals of bank deposits, it has been suggested that a cap be placed on the amount of digital euro that each individual can hold. Or that digital euro holdings in excess of a certain limit could be rendered unattractive by applying a penalty interest rate. [No Risk? I thought you said there was no risk.] If a digital euro were accessible for non-residents, this could impact on capital flows and euro exchange rates. What this calls for is international and multilateral collaboration. [Wait a second, is this another risk?] Self-reinforcing loops and “lock-in” effects may tie users to one platform and exclude competitors. Some observers have been reminded of “Hotel California”, the famous song by the American rock band “The Eagles”: it’s such a lovely place, with plenty of room; but once inside you can never leave. [Hotel Central Bank: Once inside you can never leave.] The Eurosystem has no commercial interest in user data or behaviour. A digital euro could therefore help to safeguard what has always been the essence of money: trust. [Ah yes, trust that interest rates won't go even more negative, money won't expire, and withdrawals won't be capped]. Central banks need to be at the cutting edge of technology. Otherwise, they cannot provide the backbone of payment systems and offer safe and trusted money for the digital age. This has prompted all major central banks to start exploring issuance of CBDC. However, our success as a money creator will depend not so much on speed, but on the trust of those who are supposed to use the money. Europe Moving Ahead It appears Europe is moving ahead faster than the Fed.  The risks are obvious. Expiring Money Increasingly Negative Interest Rates Withdrawals Capped Withdrawals Taxed  Gifts Taxed And once inside you can never leave.  Livin' it up at the Hotel Fedifornia has a nice ring to it. ECBifornia isn't as catchy.  * * * Like these reports? If so, please Subscribe to MishTalk Email Alerts. Tyler Durden Sat, 09/25/2021 - 13:00.....»»

Category: blogSource: zerohedgeSep 25th, 2021

Coronavirus links: flu season

A coronavirus-focused linkfest is still a weekly feature here at Abnormal Returns. Please stay safe and find a vaccination site near you.... BoostersThe full FDA has approved a Pfizer ($PFE)-BioNTech ($BTNX) booster for those over 65 and at high risk of Covid. (cnbc.com)The final CDC decision on boosters will likely include high risk workers. (npr.org)The messaging around boosters has been 'chaotic.' (statnews.com)The definition of fully vaccinated is now going to change. (theatlantic.com)A second J&J ($JNJ) dose further increases protection. (statnews.com)VaccinesPfizer ($PFE)-BioNTech ($BTNX) has filed for an EUA for children 5-11 years old. (statnews.com)Why the Moderna ($MRNA) vaccine is coming out on top. (nytimes.com)Allergic reactions to mRNA vaccinations have been minimal. (sciencedaily.com)A new vaccine is being tested to cover multiple Covid strains in one shot. (businessinsider.com)VaccinationsWe are all likely to get Covid at some point. What matters is if you are vaccinated. (theatlantic.com)Why outreach is needed to reach the remaining unvaccinated population. (washingtonpost.com)Vaccinated individuals with Covid do not spread the virus as the same as the unvaccinated. (theatlantic.com)Why pregnant women should get vaccinated. (washingtonpost.com)The immunocompromised are still struggling in the new world. (wsj.com)ChildrenJust because a vaccine is approved for children doesn't mean parents will get them vaccinated. (theatlantic.com)How doctors can speak with parents reluctant to vaccinate their children. (washingtonpost.com)More testing would allow schools to make better decisions around mitigation. (statnews.com)Schools in a number of states are using weekly testing to stay open. (npr.org)GlobalGlobal vaccinations are ramping up. (marginalrevolution.com)The U.S. is donating another 500 million doses of the Pfizer ($PFE) vaccine overseas. (ft.com)Australia has been unique its willingness to impose Covid restrictions on its populace. (nytimes.com)Combating future pandemics will require more global cooperation. (axios.com)StatesWhy so many Republican governors are coming out against mandates. (washingtonpost.com)West Virginia got off to good start with vaccinations but now lags and Delta cases have surged. (wsj.com)PolicyWhy the U.S. is normalizing its travel restrictions. (theatlantic.com)Post-election the Trump administration largely ignored the accelerating pandemic. (washingtonpost.com)How intelligence agencies can help identify the next pandemic. (wsj.com)TestingWhy rapid Covid tests are more expensive in the U.S. than elsewhere. (wsj.com)CDC made a big error not pushing Covid testing out wide. (reason.com)When you should do an at-home Covid test. (wsj.com)InfluenzaWe should isolate when we have influenza as well. (newscientist.com)What to expect from Covid as the weather cools and people stay inside more. (statnews.com)Other non-Covid viruses are making a comeback. (bbc.com)Antibody treatmentsEli Lilly ($LLY) is trying to catch up to Regneron ($REGN) in the antibody space. (ibj.com)A study shows Remdesivir is effective in keeping high risk Covid patients out of the hospital. (bloomberg.com)TreatmentCovid is delaying care across the country. (nytimes.com)How vaccine mandates could exacerbate the nursing shortage. (npr.org)The story of a Montana hospital that has run out of beds. (khn.org)The cost of Covid care is no longer being waived by insurers. (washingtonpost.com)DataCovid-19 is set to become the most deadly outbreak in recent American history, poised to surpass the estimated U.S. fatalities from the 1918 influenza pandemic. (cnbc.com)The Delta wave is hitting age groups in the U.S. differently, i.e. more middle-aged cases. (bloomberg.com)We're still learning about what drives Covid surges. (vox.com)Weird stuff happens at scale in a pandemic. (theatlantic.com)PodcastsMarc Andreessen, Vineeta Agarwala and Vijay Pande talk with Dr. Scott Gottlieb -- author of the upcoming new book, "Uncontrolled Spread: Why COVID-19 Crushed Us, and How We Can Defeat the Next Pandemic." (a16z.simplecast.com)Dr. Sanjay Gupta talks with former F.D.A. Commissioner Dr. Scott Gottlieb. (omny.fm)Dr. Bapu Jena talks with former FDA director Scott Gottlieb. (freakonomics.com)Earlier on Abnormal ReturnsCoronavirus links: sick societies. (abnormalreturns.com)There's only one way through the pandemic tunnel. (abnormalreturns.com)Why we are eventually going to need digital health passes, i.e. vaccine passports. (abnormalreturns.com)The 'Swiss cheese model' and the importance of avoiding single points of failure in pandemic and life. (abnormalreturns.com)On the challenge of holding two competing thoughts on the pandemic in your head a the same time. (abnormalreturns.com)Mixed mediaSteven Taylor, an Australian psychologist published what would turn out to be a remarkably prophetic book "The Psychology of Pandemics" in 2019. (theguardian.com)How ivermectin came to be a 'miracle cure' for the anti-vax crowd. (npr.org)Nobody is going to ring a bell when the pandemic is over. (vox.com).....»»

Category: blogSource: abnormalreturnsSep 25th, 2021

Texas launches audit into 2020 election results after pressure from Donald Trump

Although Donald Trump won the state of Texas in 2020, the audit will focus on counties Joe Biden won. Former President Donald Trump in Texas. Brandon Bell/Getty Images The Texas Secretary of State's office said they will audit the results of the 2020 election in four counties. The move comes after former President Donald Trump pressured the governor to start an audit. Although Trump won the state in 2020, the audit primarily focuses on counties where Joe Biden won. See more stories on Insider's business page. Texas officials have said they will launch a "forensic audit" of the results of the 2020 election in its four largest counties, following pressure from former President Donald Trump.Despite winning the state in the 2020 election, Trump wrote to Texas Gov. Greg Abbott on Thursday and pushed him to audit the results."Despite my big win in Texas, I hear Texans want an election audit," the former president said in a statement. "You know your fellow Texans have big questions about the November 2020 Election.Late on Thursday, the Texas Secretary of State's office confirmed that they would audit the results of four counties; Houston, Dallas, Tarrant, and Collin, local news outlet NBC DFW reported.Houston and Dallas typically lean Democrat, and although Tarrant has traditionally voted Republican, Joe Biden won the county in 2020.There was little further information on how the audit would be carried out.The statement was attributed to Sam Taylor, a spokesman for the office, as the position of Secretary of State has been vacant since May.Texas Republicans have been pushing to audit the election results in Texas's largest counties, most of which went to Joe Biden.Democrats and election officials said that Republicans had demonstrated no evidence of widespread fraud in the state and that there was no need for an audit.Critics say that the decision to start an audit indicates that Texas officials have bowed to pressure from the former president.-Lina Hidalgo (@LinaHidalgoTX) September 24, 2021"Donald Trump ordered Gov. Abbott to audit the 2020 Texas election and, like clockwork, TX just initiated an audit of Harris County voters," Harris County's Judge Lina Hidalgo wrote on Twitter. "Democracy isn't a game. These fake audits are an affront to all voters, & pure pandering to the kinds of extremists that stormed our Capitol."Local newspaper The Fort Worth Star-Telegram wrote in an editorial board opinion that Texans now have "a clear picture of who's in charge of election law in this state"- and it's not the governor or secretary of state, "it's Donald Trump."On Friday, the results of Arizona's audit of the 2020 presidential election confirmed that Joe Biden won the state.The controversial GOP-led audit resulted in Trump losing 261 votes, and Biden gaining 99.Although Donald Trump and his allies have filed dozens of lawsuits challenging the results of the 2020 election, all of them have failed.The Justice Department said it found no evidence of widespread voter fraud in the election.Despite this, the former president continues to promote widely disproved conspiracy theories about the election being rigged.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2021

I finally quit my finance job to become a full-time musician - here"s how I"m making the jump

Dane Drewis tried to become a full-time musician a few years ago but fell back on his finance degree. This time, he's making sure it'll be different. Dane Drewis and his guitar. Dane Drewis Dane Drewis is quitting his finance job to pursue music full-time by treating his music like a business. Drewis treats his music like a business and has mapped out a financial strategy to move forward. He recommends acquiring digital production skills for more control over your music. See more stories on Insider's business page. Sometimes you need a nudge to make a leap of faith. But a pandemic lockdown can do the trick, too. Once music gigs dried up during COVID-19 lockdowns, California musician Dane Drewis decided he would quit his corporate finance job and make the jump from part-time to full-time musician. Drewis, who was most recently the VP of finance at design and technology company 14th Round Inc., has done a lot of jobs in his working career: business, finance, waiting tables, and even running a restaurant that Beyoncé invested in.But that list never included music, until now - and that's because he's decided to treat his music like a business venture, not just a side hobby."I'll be turning 39 soon and I've never made a full commitment with music," Drewis told Insider. "I want to be able to look back and say I went all in with music."Drewis, whose parents are both musicians, fell in love with music in college thanks to late-night jam sessions and endless hours practicing guitar alone in his dorm room. But as he took on a professional career, he didn't have the time or energy to go all in. Despite a comfortable salary at his old job and the flexibility to play music on weekends and during evenings, Drewis felt he had to both answer his passion and stop doing what he didn't enjoy. "Honestly I'm tired of doing spreadsheets all day," Drewis said. "I'm ready to share as much happiness and love as possible through committing myself to music."No more safety netsSeveral years ago, Drewis gave up an attempt at becoming a full-time musician because sleeping in his van and living with fewer comforts took its toll. He couldn't secure enough music work to make ends meet and eventually he had to find a full-time job. "Being that broke is stressful and it makes it really hard to be creative," Drewis explained. This time, Drewis has given himself a runway to launch off of - the security of a roof over his head and a nest egg of savings, as well as a more developed financial strategy as opposed to playing music at casinos, weddings, and small-time gigs for low pay."I've done the whole starving artist thing, but it won't be the same this time," Drewis said. "Less scrambling for cash and more consistent work this time, promotional events. I'm treating this like a real business venture."In his previous attempt, Drewis kept his finance degree front and center as his backup plan. The safety net, he said, is ultimately what prevented him from full dedication. "No backup plan this time around," Drewis said. "Before, I was like, 'I can do finance if I need to.' But this time's different. I know for damn sure I don't want to do finance again. That's what's driving me this time."Leveraging digital skills and a business planTo make the jump to full-time musician, Drewis has revamped his digital skills and has used his education to map out a financial strategy for his music business. He shares music on Instagram and is a verified artist on Spotify.He's invested in learning how to produce his own songs rather than relying on a company to produce his music for him - something essential to maintaining creative freedom, Drewis said. A post shared by Dane Drewis (@danedrewis) "I've put a lot of time into learning the software behind music production, tracking and producing my own songs," Drewis said. "I'm taking control over my recordings for my own work."By producing his own music and working on his own timeline, Drewis aims to create original content on a regular basis. Then, he has plans to build out his music-licensing business to get his songs on television commercials and elsewhere. "Ten years ago, I never treated music like a business," Drewis said. "I just saw myself as a singer. But now I see this as a startup company. I know my revenue and expenses. I have a firm business plan."To younger artists looking to make the leap, Drewis recommends becoming as tech-savvy as possible with music production. "[Digital] skill set is the primary currency today," Drewis said. "You want to be your own artist, you want to be able to translate what's in your mind onto the computer and into people's ears, all while making your music sound exactly how you want it to sound." Drewis recommends becoming proficient at Ableton, a production software, as a way of gaining more autonomy as a musician. These tools allow for greater control and customization, he said. Drewis returned from his first international tour in Germany last week, and he has a slew of shows planned for the coming months. His focus remains on building out his digital presence, filming music videos, and growing his audience."For musicians, a big worry is artistic failure," Drewis said. "But a bigger worry, for me, is wondering if I was good enough to really do this. Now's the time to find out." Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2021

China banned all crypto transactions on Friday, but experts say the move was mostly priced in for bitcoin

"The reaction is significantly smaller than previous bans as the market has already priced in the risk," Wes Fulford of Viridi Funds said. Budrul Chukrut/SOPA Images/LightRocket via Getty Images China's ban on crypto transactions sent the price of bitcoin lower, but the moved was relatively small. An expert said the move had mostly been priced in. Bitcoin hovered near $40,000 on Friday, a slide of around 6% in the past 24 hours, as of publishing. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. China on Friday intensified its crackdown on digital assets by banning all cryptocurrency transactions, in what's been seen as the country's strongest restriction on the sector so far.On Friday, the People's Bank of China said in a statement that virtual currencies "are not legal and should not and cannot be used as currency in the market."They do not have the same legal standing as fiat currency, the central bank added, since they are issued by non-monetary authorities and use encryption technology.The move came after the Asian superpower banned cryptocurrency mining and barred financial institutions from offering cryptocurrency services earlier this year.The news sent bitcoin slipping to near $40,000 on Friday, a drop of around 6% in 24 hours, according to CoinDesk data. Though crypto markets initially slumped, bitcoin's price reaction was muted compared to previous clampdowns, mainly since the news was viewed as a confirmation of previous bans, Wes Fulford, CEO at investment advisor Viridi Funds, said. "We are seeing the crypto markets down in price, however, the reaction is significantly smaller than previous bans as the market has already priced in the risk of China banning cryptocurrency transactions," Fulford said in a note Friday.By comparison, when China banned cryptocurrency mining over a weekend in June, bitcoin tumbled 11%. When it prohibited banks from conducting cryptocurrency transactions in May, the largest digital asset slid 7%.Fulford said that bitcoin, in particular, showed resilience compared to other cryptocurrencies such as ether, which slid around 9% Friday as well as other major altcoins including ripple, solana, and dogecoin, which all fell.While there was a substantial volume increase around the time of the news, only about 37% of the bitcoin-US dollar volume was traded in the two hours between 5 and 7 a.m. ET Friday, data from cryptocurrency exchange Bitstamp showed. After which, prices recovered and volumes fell, Bitstamp said, indicating that the markets have largely processed the information."Interestingly however it is not looking like it will become a record day in terms of volume, not even in September," Bitstamp said, adding that September 24 ended up to be the fourth-highest volume day of the month.Memes even circulated on social media, mocking China's move as just the latest in a string of similar moves dating back to 2013. Bitcoin bull and Microstrategy CEO Michael Saylor took to Twitter to question the move as well."Nothing has created more wealth in the past decade than technologies banned in China."For Tim Frost, CEO of Yield App, a fintech app, the ban was expected. Anyone who was hoping for a reversal, he said, will just end up "disappointed.""China has made its intentions very very clear: Like all authoritarian regimes, it wants extremely tight control over all financial activity in the country, and it wants zero competition for its own central-bank digital currency," he said via email Friday.Compared to other nations, China is several years ahead in its efforts to develop a central bank digital currency. Around 60 central banks are developing or considering issuing digital currencies, according to the Bank for International Settlements, but none have advanced their plans as far as China has."Thankfully there is no shortage of countries and jurisdictions that are now embracing cryptocurrency," Frost added. "So while the loss of the world's most populous nation is a blow, most of the damage had been done some time ago." Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2021