Tuesday, March 30, 2021

Get Ready For Global Vaccine Passports - Even Though The Vaccines Don't Work

 

from Zero Hedge

Vaccination passports are being called the new “golden ticket” needed for global travel – and the hospitality industries that benefit – now that the recovery is on its way.

Countries like Greece, who get a sizeable share of their country’s GDP from tourism, are looking forward to welcoming back visitors. Greece will re-open itself to visitors on May 14, Bloomberg noted last week, but will require either a vaccination, proof of recovery from the virus of a negative test before departing for the country. 

Those who require tourism for their livelihoods are ready to move on. Rental boat operator Panagiotis Mastoras said: “It’s the safest way. We’ve reached a point where it can’t go on like this.”

Greece is leading the way in pushing for vaccine passports – usually taking the form of certificates or digital cards – an idea that is also catching on in tourist nations like Thailand and the Caribbean. For businesses who rely on tourism, the “passport” is seen as a “route to salvation”, the report notes.


Air travel could win up losing $95 billion in 2021 after 2020’s worst year on record. As a result, airlines are following suit in supporting ideas that can get people traveling again. 

“We’re pinning our hopes on the vaccines and the Covid pass,” hotel manager Jorge Marichal, who operates in the Canary Islands, said.

Jeffrey Goh, who heads the Star Alliance of 26 carriers including Air China, Deutsche Lufthansa, Singapore Airlines, and United Airlines Holdings, told Bloomberg: “There has been a lot of advocacy, but the execution has been sorely lacking.” He believes a single set of standards needs to be developed for most major carriers and countries.

Singapore Airlines and Qatar Airlines have both started trials of passport apps, while Carnival Cruiselines has said no one can board its ships without proof of vaccination. American Airlines has started experimenting with the VeriFly app (as has Hyatt Hotels) and United has developed its own app that allows passengers to upload their vaccination records. 

In the EU, on March 17, a “Digital Green Certificate” was given the green light. It could take up to 3 months before it is implemented and can be used. 

But the devil is in the details. Aside from the obvious critique of globalization and overreaching government and corporations getting their noses in your medical records, the vast array of vaccines – some of which have been approved in limited amounts of counties – could make it tricky to determine who is “safe” to travel and who isn’t. The passports are also simply unfair, as they “would inevitably favor the inhabitants of richer nations over poorer ones where the distribution of shots has barely begun,” the report notes.

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Friday, March 26, 2021

Vaccine Passports: Where Have We Seen Documentation Like This Before?

 

During an interview where the good doctor, who is also Groper Joe’s chief adviser on health, reassured the public that the troubled AstraZeneca COVID jab is still “a very good vaccine”, Dr. Anthony Fauci, senior advisor to President Biden, head of the NIAID, and head of the US delegation to the WHO, warned that Europe’s third wave could portend another surge in infections in the US.

With cases rising week over week in more than half of US states, and reports about the AstraZeneca trial data baffling the public, Dr. Fauci appeared on “Good Morning America” Tuesday to try and explain exactly what is going on.

Fauci started by assuring his audience that he was “optimistic” about the AstraZeneca vaccines’ effectiveness and expressed hope that AstraZeneca’s vaccine would soon join the other three approved for use in the US.

As for the AstraZeneca vaccine, Dr. Fauci explained during the interview that the DSMB, the agency overseeing all the COVID vaccine trials in the US, became incensed after it saw AstraZeneca publish a press release outlining the main findings from the trial data. That release – which the company later admitted was based on an “interim analysis” – was apparently seen as unsuitably premature by the regulator, which angrily rebuked AstraZeneca in “a rather harsh note” saying they thought the data in the press release “was somewhat outdated and might in fact be misleading a bit” – according to Dr. Fauci’s description.

Right after Fauci’s interview slot GMA moved on to another story that might help explain all the panic about rising case numbers: pretty soon proof of vaccination could become like an identity card in a totalitarian society, permitting the holder to access everything from air travel to restaurants, theatres and concert halls and sports stadiums as well as access to public transport, shops etc.. But to justify this, governments need people to keep taking vaccines, such an authoritarian measure will not be workable if only half of us have been vaccinated.

And right now with doubts spreading about the safety of both the Pfizer / Moderna mRNA shots and the Astra Zeneca offering, production problems slowing the roll out and evidence mounting that the risk to the vast majority of the public from the SARSD-COV2 virus is disappearingly small and the roll out now moving to younger, healthier social groups as anti – lockdown and anti – mask feeling spawns riots and mass protests, it isn’t looking good.

But will the introduction of vacciine passports be accepted by the whole population, or will only the pathetic sheep who wear their masks while having a shit or engaging in similar solitary activities, happily embrace this proposed violation of human rights, while the goats recognise the policy for what it is.

The case is we have seen this type of “documentation” in the past:

Passports were introduced for urban residents, sovkhozniks and workers of novostroykas (новостройка, a major construction site of a new town, plant, railway station, etc.). According to the 1926 Soviet Census 82% of the population in the Soviet Union was rural. Kolkhozniks and individual peasants did not have passports and could not move into towns without permission. Permissions were given by chairpersons of collective farms or rural councils. Repeated violations of the passport regime was a criminal offence. Passports were issued by the People’s Commissariat of Internal Affairs (Soviet law enforcement).

Sound familiar? Or if not, have you never seen a movie or TV show set in World War 2, in which the German SS oficers demand of patriots or undercover British and American agents, “Show me your papers.”

Never before in any democratic nation has it been necessary to prove you have permission from the government to go about everyday activities. The basic principle of democracy is that the government SERVES the people, it does not own us.

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Some time ago my editor-in-chief was the target of hate attacks by left wing sheeple for questioning the effectiveness of vaccines as anything but profit drivers for Big Pharma. Well Ian has thick skin so he was quite pleased to have provoked a few death threats. One of his targets howver was Dr. Offit who had famously said new born babies could have 10,000 vaccines at the same time without suffering harm. He has not fared so well, having become an object of ridicule.

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An investigation revealed incentives, often worth tens of thousands of pounds, have been offered to doctors by private healthcare companies in exchange for referring patients to their hospitals. The British Medical Journal reported claims that the doctors’ regulator, the General Medical Council (GMC), failed to act on a warning in 2012 that the practice of offering incentives was “widespread, particularly in London, and significant in value”.

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A magic pill which burns away excess body fat has been one of the wet dreams of mad scientists for decades. Such a pill is now being developed at Harvard University. Researchers claim it could one ‘replace the treadmill.’ (This is daft as we still need exercise to maintain a healthy heart, muscles and bones.

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Monday, March 22, 2021

Why Are Politcians and Scientists Trying To Extend Lockdown And Restrictions?

2020 34th out of the last 50 years for mortality as a % of the population. ONS figures.

The economy: worst dip in 300 years and that was months ago.

Welcome to a new version of the fourteenth century coming our way.

An academic who sits on the British government’s influential scientific advisory panelwarned thatther wave of coronavirus is “likely” this year, possibly within weeks. Europe’s alleged third wave which has prompted the French government to put swathes of the country, including capital city Paris, back into lockdown, could threaten Britons’ ability to go on holiday abroad this summer.

Government scientists reportedly fear that a rising number of coronavirus cases on mainland Europe, dubbed the third wave, could hit the UK within weeks, according to The Times. Professor Andrew Hayward of the government’s Scientific Advisory Group for Emergencies (SAGE) also told Times Radio on Saturday that another wave is “still likely” despite the success of the vaccine rollout, but it would, however, be less deadly. There is no evidence for this of course, it is pure speculation, yet while we are expected to believe that COVID vaccines are safe in spite of hundreds dying and thousands needing hospital treatment shortly after receiving their shot of vaccine, because scientists (science tits) say there is no evidence of a link between the vaccine and the deaths. These science tits need to be reminded of that old scientific principlethat absence of evidence is not evidence of absence. And if you don'#t look for evidence you are unlikely to find any. University College London scientist Hayward, whose employer has benefitted greatly from the largesse of the Bill and Melinda Gates foundation, said, according to YorkshireLive: “I think another wave is possible, likely even. “I guess the difference is that another wave will cause substantially fewer deaths and hospitalisations because of high levels of vaccination across the sorts of people who would have ended up in hospital or unfortunately dying if they haven’t been vaccinated." Pure scaremongering of course, I am over 70 and therefore supposedly in a high vulnerability group, I have not observed social distancing, only worn a mask in order to avoid giving low paid shop workers a pain in the arse, I have travelled where I wanted to as far as circumstances would allow, (no point driving to a tourist spot knowing it is closed,) and not only am I not dead, but according to a report from my doctor this week I am in remarkably good health for someone of my age. The Daily Gazette reported this week that contradictory to recent upbeat talk of coming out of lockdown and life getting back to normal The Prime Minister at one of hios daily press briefings did say the roadmap to freedom rests on the continued success of the jabs programme, but it sounds like it would take something pretty major to make adifference now. It appears he doesn't want to say anything ahead of the big Commons vote on COVID-19 lockdown restrictions next Thursday that might fan the flames of the expected Tory rebellion. So it all comes down to politics and once Boris had brought his party to heel, the science tits of SAGE will be free to continue implementing their fascistic agenda. No wonder Hitler, Stalin and MaoTse Tung treated scientists like demi - gods.
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href="https://originalboggartblog.wordpress.com/2021/03/17/emergency-vaccine-alert/" rel="bookmark">Emergency VACCINE ALERT from Natural News Emergency VACCINE ALERT edition: Situation Update, March 16, 2021 Tuesday, March 16, 2021 by: Mike AdamsTags: Bypass censorship by sharing this link: (Natural News) The mass vaccination of the human population is turning vaccinated people into “super strain” factories who … Continue reading 

Backflipping Boris Says Vaccine Passports for Will Be ‘Feature of Our Life in the Future’

March 11, 2021 Contrary to what other ministers in his government have been saying recently, Prime Minister Boris Johnson admitted earlier this week it is highly probable that vaccine passports for international travel will be a feature of Britons’ lives in the future. Speaking at a Downing Street press event on Monday evening, the Prime Minister Johnson acknowledged … Continue reading 

Twitter Thought Police Will Ban Anyone Who Repeatedly Tells Truth About COVID Vaccine

In future anyone who “repeatedly posts misleading information” about SARS-COV2 (Covid-19) vaccines on Twitter will be put on a watch list and given five chances to chaine their opinion or self – censor their comments and opinions before being permanently banned from the social media platform, the company recently announced. A True to form however, … Continue reading    

Council of Europe Decrees Vaccines Must Not be Mandatory and Non-Vaccinated Must Not be Discriminated Against

The Parliamentary Assembly of the Council of Europe – the international body of which Britain remains a member) – has passed a resolution that recommending that governments refrain from enacting laws that make any vaccines mandatory and stated that nobody should suffer discrimination on account of not having been vaccinated. The resolution obviously refers to … Continue reading

Why Is There A Correlation Between The Vaccine Rollout And Increased COVID–19 Mortality?

from UK Column Since the UK government began its rollout of the COVID vaccine regular reports of unusual death events occuring shortly after the deceased had received a shot of the vaccine have been reported in care homes and by doctors’ surgeries across the country. The Official line has been that the vaccine shot and … Continue reading 

Pfizer COVID vaccine killed 40 times more old people than the virus itself would have – Report

March 4, 2021 posted by The Defender The experimental Wuhan coronavirus (Covid-19) vaccines from Pfizer that were rushed into production and distribution via Donald Trump’s “Operation Warp Speed” program are killing far more elderly people than the so-called “virus” itself would have. A re-analysis of data provided by the Israeli Health Ministry concluded that Pfizer and BioNTech’s messenger … Continue reading

Bill ‘Psycho’ Gates Wants To Release Genetically Modified Mosquitoes To Inject Us With Vaccines

The latest luncacy to flow from the megalomaniacal mind of the world’s richest madman and wannabe Galactic Emperor Palpatine, Bill Gates is the latest iteration of a plan this vaccine – obsessed world domination freak has nurtured for a long time. He wants to release genetically midified mosquitos to inject us with vaccine.Apart from the … Continue reading 

‘Everyone Agreed’ on Vaccine Passports, Merkel Announces at EU Coronavirus Summit

Chancellor Angela Merkel of Germany announced to other EU leaders during Thursday’s Zoom meeting on the EU response to Coronavirus that there is a unanimous agreement within the European Union on implementing a coronavirus vaccine passport. It is not clear whether the other 26 leaders agreed with Hausfrau – Volksfuhrer Merkel of their own volition … Continue reading 

Shocking report on hundreds of deaths occuring hours after people were given Pfizer COVID vaccine

Posted by Ted Aranda on Minds.comIn this video the author reads through dozens of the CV vaxx death reports. Most of the HUNDREDS of reported deaths occurred within hours or within a day or two of taking the shot. These very short time periods prove beyond doubt that most of the deaths were a direct … Continue reading

Spain Halts Pfizer COVID Vaccine After 46 Care Home Residents Die Following First Shot

The Nuestra Señora del Rosario (Our Lady of the Rosary) nursing home near Seville in southern Spain is at the centre of a story that has shocked the entire nation as mass deaths occurred among residents shortly after they were given the first of a scheduled two shots of the Pfizer mRNA inoculations. All residents … Continue reading     

More than third ‘suffer Covid-19 vaccine side effects’ and reaction ‘more likely’ if you have had the virus – study

February 7, 2021 Why are those despicable propagandists at the BBC not reporting this massive story?   John Dunne Sun, 7 February 2021, 12:49 pm·3-min read A Pfizer/BioNTech jab (AFP) A new study suggests more than a third of people who receive their first dose of the coronavirus vaccine report some side effects – and a more frequent … Continue reading 

The Euthanasia Vaccine?

Mainstream media paints a wonderful picture of how successfully the UK’s vaccine rollout is progressing, how happy people are to get the vaccine and how side effects are only trivial at worst. Then there’s the reality: “The UK started vaccinating the elderly on Dec 8th. By January 8th, four weeks later, nursing home deaths had … Continue reading 

COVID: Truth Of The Killer Vaccine Emerges

Coronavirus outbreak: 22 deaths at Pemberley House Care Home By Ryan Evans, Basingstoke Gazette At least 22 residents have died at Pemberley House Care Home in Viables in Basingstoke At least twenty-two people have died at a Basingstoke care home in one of the worst known outbreaks of the coronavirus pandemic to date, the Gazette … Continue reading

More Vaccine Truth

Dr. David Martin, medical and legal expert, challenges our presuppositions about the new mRNA Covid-19 vaccines. Quoting the pharmaceutical companies themselves, David suggests that these are not vaccines, but, in actuality, gene therapy. He explains what the vaccines may do to us, what they are promising they can do for us, and how to distinguish … Continue reading 

COVID vaccine and aborted fetal tissue

What worries me about these COVID vaccines that are being foisted on us (apart from the fat that nobody in America can spell foetus properly,) is not that they contain ingeredients derived from the tissue of abourted foetuses, I’ve know about that for years, but the fact that with so many people having ethical objections … Continue reading   

COVID Vaccine Update: 55 Americans Have Died Following COVID shot, Norway Deaths Rise To 29

from Zero Hedge, reproduced in the public interest As reports continue to come in of people, particularly those who are old and have long term conditions affecting health, dying shortly after getting one of the new, improperly tested mRNA vaccies developed by Pfizer and Moderna, pressure is mounting on governments and health agencies for the … Continue reading

COVID-19 vaccine reactions blamed on PEG, but could it be the body responding to mRNA genetic reprogramming?

from NewsTarget.com The medical establishment is playing dumb concerning the adverse events caused by Wuhan coronavirus (COVID-19) vaccines, blaming their occurrence on a relatively common, yet toxic, vaccine additive known as polyethylene glycol (PEG). However, untested modified RNA (mRNA) technology is more than likely the real culprit. According to the United States Centers for Disease … Continue reading   

Is Pro – Vaccine Propaganda Going To Eradicate The Hoax Virus?

For almost a year now we have been treated to the daily spectacle of various government officials, sometime Boris himself, sometimes his sidekick Matt Hancock, occasionally both,, supported by the chief scientific adviser Sir Patrick Vallance and a weird creature named Chris Whitty wo appears to be half human, half intestinal parasite as they give … Continue reading 

More Casualties Reported Among Healthcare Workers from COVID-19 Vaccines

from Humans Are Free We are finishing up the second week of the Pfizer mRNA experimental COVID vaccine being injected into healthcare workers in the U.S., and the end of the first week of the Moderna mRNA experimental COVID vaccine also being injected into U.S. healthcare workers. The pharma-funded corporate media is reporting two more … Continue reading    

Miami doctor dies after receiving first dose of Pfizer vaccine

from Zero Hedge via Natural News (bypass Big Tech censorship by sharing this link: https://www.hangthecensors.com/487804.html ) (Natural News) As the US sees 4K confirmed COVID-19 deaths in a single day, the CDC is reporting another shocking potential reaction to the new mRNA-vector COVID-19 vaccines: A doctor in Miami has died two weeks after receiving his first … Continue reading 

Norwegian Nursing Home Patients Dead After Receiving First Dose Of Pfizer COVID Vaccine

January 7, 2021 You will definintely not see or hear this story anywhere in mainstream media. from Zero Hedge More suspicious deaths have surfaced in Europe involving patients who recently received their first dose of the coronavirus vaccine. Following reports about a Portuguese nurse dying shortly after receiving her first dose of the vaccine, our attention turns to … Continue reading 

Portuguese Nurse Dies Suddenly After Receiving COVID Vaccine

January 5, 2021 from Zero Hedge The latest suspicious death to occur days (or, in some cases, even hours) after a patient received their first dose of a COVID-19 vaccine has surfaced in Portugal, where a pediatric surgery assistant in Porto (who was reportedly in “perfect health” when she received her first dose of the Pfizer vaccine) has … Continue reading <

Hospital Workers Turn Down COVID Vaccine: “There’s Too Much Mistrust”

Only a few days after news broke of widespread resistance to the COVID-19 vaccine among hospital workers in Chicago USA, BeckersHospitalReview.com’s Ayla Ellison reports that the virus of vaccine mistrust is spreading. The vaccine in question is the Pfizer – BioNTec jab, which allegedly works by changing recipients DNA but is known to be causing … Continue reading

How Social Engineers Use Weaponized Psychology to Push Unproven Vaccines

December 30, 2020 Another “we told you so,” moment for us Boggart Bloggers. We told you back in the spring that project fear was being ramped up to make people accept social engineering projects and mandatory mass medication schemes, which we assume will eventually include Bill (Wannabe Emperor Palpatine,) Gates’ cherished dream of reducing global population by 50% … Continue reading 

Coronavirus latest: Tier 4 restrictions until vaccine rollout complete, Matt Hancock says

The new, ultra stringent Tier 4 restrictions imposed this week, which effectively cancel Christmas for the first time since Oliver Cromwell and his joyless puritans declared war on happiness may be in place for a “couple of months”, Health Secretary Matt Hancock said today. The government’s excuse for this latest extension of our house arrest … Continue reading   

Adverse Effects and Deaths in the Moderna Vaccine Data

Yasmin Tayag, Medium.com On Thursday, a panel of medical experts met to discuss the Covid-19 vaccine produced by Moderna, with the goal of deciding whether to recommend emergency use approval of the vaccine to the Food and Drug Administration (FDA). Among the many topics they covered in the eight-hour livestream, they discussed deaths and serious … Continue reading

Australia dumps Covid-19 vaccine development after false positives for HIV reported from trials

Cast your minds back readers, to the early days of this insane year, it would be around March I think when Original Boggart Blog reported that several highly respected and well credentialled researchers in virology had reported that on analysing the then new Wuhan Coronavirus RNA they had found evidence that the organisms genetic code … Continue reading 

Warning As Two NHS Workers Suffer Allergic Reaction After Getting Coronavirus Vaccine

This blog has been at the forefront of alt_news sites reporting the problems experienced by people involved in clinical trials of the rushed and unproven vaccines now being rolled out to give the impression that the authorities are getting to grips at last with the hoax pandemic. The adverse reactions experience by human guinea – … Continue reading 

Ex-Pfizer Boss Demands EU Halt COVID-19 Vaccine Roll Out Over ‘Female Infertility’ And Other Health Concerns

December 6, 2020 Another of those “We Told You So” moments for us Boggart Bloggers, only a few days ago we posted an article in which we highlighted concerns raised by prominent medical researchers ragarding the safety of these so – called mRNA vaccines which mess with our DNA in order to produce an immune response, and of … Continue reading

Pfizer CEO “Not Certain” Vaccine Will Stop People From Spreading COVID-19

We told you to be suspicious of these vaccines rushed out for political rather than medical reasons – editor By Joseph Jankowski of PlanetFreeWill, Just one day after the United Kingdom became the first western nation to approve the inoculation, Pfizer CEO Albert Bourla says that he is “not certain” that the company’s vaccine will … Continue reading 

Building a Totalitarian State: UK To Use Army to Fight ‘Anti-Vaccine Propaganda’

December 4, 2020 HAFDecember 3, 2020 With the impending rollout of a Covid-19 vaccine, a UK military cyber unit has been tasked to crack down on “online propaganda against vaccines.” Questioning something that will be injected into your body is now deemed radical. With the anti-lockdown narrative beginning to become more prominent throughout the UK following the arrest … Continue reading

Friday, March 19, 2021

Texas, California Blackouts Reveal Fatal Flaw in Biden’s Energy Plans

 from PJ Media

By Tom Harris and Dr. Jay Lehr Mar 18, 2021 3:58 PM ET
(AP Photo/ Iliana Mier)

Does President Joe Biden really want the United States to cede its hard-won energy independence and leadership position in the world? Because that is precisely what will happen if the president tries to sweep away the inexpensive, reliable forms of energy that have been powering America for decades.

To understand the disaster that awaits the nation if Biden makes good on his pledge to replace fossil fuels with wind and solar power, we need only look to California and Texas, two states that have already tried to do exactly that.

Power outages are now commonplace in California. Its troubles are explained by officials who now admit to an over-reliance on wind and solar power. Even the Los Angeles Times reported:

… gas-burning power plants that can fire up when the sun isn’t shining or the wind isn’t blowing have been shutting down in recent years, and California has largely failed to replace them …

Consequently, the state has fallen thousands of megawatts behind its needs. Governor Gavin Newsom admitted, “we failed to predict and plan for these shortages” and took responsibility for the rolling blackouts. Of course, he wants everyone to conserve while they look for new sources of energy. And that energy will have to be supplied by fossil fuel from neighboring states. This, as California continues its misguided intent to transition to 60% renewable energy by 2030 and 100% “climate-friendly energy” by 2045 (which is required by state law). And note, Biden has gone even further and committed to making the nation 100% renewable within 15 years.

And what about Texas, where an over-reliance on wind and solar power was clearly a major reason that millions of Texans shivered in the dark for several days in late February?

In a desperate attempt to support these politically-correct but expensive and unreliable energy sources, major media outlets and left-leaning legislators are trying to convince the public that wind and solar power problems were not a significant factor in the Texas blackout. ... Continue reading >>>

Wind Of Change: Some truths about how wind turbines work (or don't work most of the time)
We Need Nuclear Power - There simply is no realistic alternative. Sustainables are not reliable.
The Renewable Energy
Nuclear Accident In Japan: Some reality about the nuclear power station meltdown at Fukushima
Nuclear Banana: How dangerous is nuclear power if we strip fear and panic out of the equation.
Climate Science Is Wrong: To save the planet we need more CO2 not less
Climate change science is a pseudo - scientific scam says top American physicist.
Climate Clarity: Some clear thinking about the climate change case among all the fear and panic brokering.
Statistics, Graphs and Hockey Sticks
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Wednesday, March 17, 2021

Hedge Fund CIO: "Ethereum Now Races Toward Becoming The Foundation Of A New Global Financial System"

 

From Eric Peter, CIO Of One River Asset Management, who in November executed a $600 million purchase of bitcoin, then the largest public transaction to date, with the blessing of Brevan Howard's Alan Howard. He has called bitcoin the most interesting macro trade he’s seen in thirty years in the business.

“Okay, so now please explain how these things are going to change the world,” asked the CIO.

He was not referring to the global transition to monetary/fiscal policy coordination which will interact with political, social and geopolitical forces to create a future quite unlike our recent past. We had already discussed that. He was asking about digital assets, blockchain, tokenization.

Virtualization. It is no longer possible to understand what is happening in markets, let alone what is to come, without developing a deep understanding of these things.

“It is not that they are going to change the world,” I said. “It is that they are already quietly changing the world, markets, and beneath the surface the process is accelerating faster than you can imagine.”

* * *

“I feel super lucky,” said an artist who calls himself Beeple, in an online forum, upon learning that bidders lifted his digital collage to $20mm in Christie’s virtual auction. “Everydays – The First 5000 Days” ultimately sold for $69.3mm to an investor who calls himself Metakovan, the founder of Metapurse, a fund that collects non-fungible tokens (NFTs). ... Continue reading >>>

 

 

Identity politics has morphed into identity investing: the newest breed of traders buy stocks simply because they are fans. This is one explanation offered for the continuing rise of Tesla despite the incresingly apparent evidence that its founder and big boss is certifiably insane and the fact that the electric car maker runs is car making operation at a loss and only stays in business by selling carbonm credits handed out by the US Government and various state legislatures, including the global capital of crazy, California, New York state, Illinois and every other corupt, Democrat controlled shit hole.

That Elon Musk has recently anointed himself the Technoking of Tesla while rebranding his chief financial officer as “Master of Coin,”  the title held by Littlefinger, Tyrion Lannister and other characters in Game Of Thrones is not a joke. It’s not even (or not just) an attention-seeking stunt. There’s much more to it than that. However Musk's move has triggered the latest wave of enthosiasm among electric car nerds and tech cult members for buying shares in Musk's great bubble.  

Some have suggested Musk’s idiotic antics over job titles are a ploy to divert attention from the many downsides of Tesla’s performance, the upsides of which exist only in the minds of Musk and the millions of tech fanboys (and a few fangirls,) who believe every bit of hyperbole that spills from his mouth, viz Musk's splashy announcement last month about a $1.5bn bet on Bitcoin which came around the same time as regulators in China, its fastest growth market, were flagging safety and quality issues but triggered another uptick in the price of Tesla stock on financial markets when the news from China should have caused a sharp drop as China is the car company's biggest market.

The latest whacky disclosure coincides with a report from Barclays Investment Bank that shows Tesla’s share of the electric car market in Europe dropped from roughly a third at the end of 2019 to 10pc at the beginning of this year. Tesla is also having problems both technical and legal, with its “self-driving” feature, which, pardon me if I’m being a bit too technical here, when I say that it is effing uselesss. The legal issues mainly concern the families of tesla owners killed when the self-driving technology failed with fatal consequences.

Maybe there’s a diversionary element to it but this kind of tactic on planet Musk is a strategy. You could call it corporate populism. He's telling the faithful what they want to hear.

His Techno Highness regularly demonstrates that he has less than zero interest in governance norms, customer satisfaction or in the traditional conduits of financial information - like bank analysts or the media - instead playing to the crowd through social media (and subversive SEC filings).

Elon Musk updated his Twitter profile to describe himself as the 'Technoking of Tesla'
Elon Musk has changed his job title from chief executive to 'Technoking' of Tesla

It works because the crowd is big enough to make a difference and gullible enough to fall for it again and again. The number of retail investors, the majority of whom are under the age of 34, doubled in 2020, the generation that does not understand there's a big difference between researching something and Googling it. The significance of this trend towards young, independent invetors buying and selling small quantities of stock has only recently become apparent. Encouraged by social media campaigns particularly on the Reddit site, retail investors have accounted for a third of all US stock market trading, meaning they collectively yield greater sway than every single hedge fund and mutual fund in the country combined.

Many of these investors aren’t doing rigorous financial analysis. If they were, they’d be worried that Tesla has a p/e ratio ( a company’s share price expressed as a multiple of how much money it actually makes) of 180x. This compares to an average among US equities of 19x, UK, Germany and France about the same, according to analysis by Schroders. 

At the end of January Tesla was worth $752bn, placing it in the top 10 most valuable companies in the world. In fact it now represents over a third of the market value of the entire global car industry. This is a vast overvaluation for a company run by a nutter that is in reality a niche car maker.

“Such an immense market capitalisation makes sense only if the expectation is that Tesla will come to dominate the entire auto industry, not just the [electric vehicle] market,” says Rob Arnott of Research Affiliates. “Such an achievement requires that both Tesla’s brand and technology become so dominant that the company can earn profit margins that exceed those of Ferrari on a level of production exceeding that of Toyota.”

That ought to sound a bit far fetched even to Musk's biggest fan, it certainly does to one of his biggest rivals Akio Toyoda, President of Toyota, which is memory serves me well vies with Ford and Volkswagen for the unofficial title of world'd biggest car maker. It would clearly be impossible for Tesla to dominate the car industry in such a way while its rivals also continue to see their share prices rise whenever a new EV is announced. And yet that is what the soaring share prices of other EV specialists over the past year and the relatively stable share prices of traditional car markers currently implies. In other words, investors appear to believe there will be no losers from this ultra-competitive race to go electric. In the future there will be no losrs only runners up! How very woke!

This irrational obsession with electric cars is a classic example of what the financial trading community call the “big market delusion”, which usually happens when a new market is created or an old market disrupted through innovation. All the different players get valued as if everyone will win because nobody knows how things will play out. The cannabis market where shares in firms that sell cannabis based products in US states where the drug has been legalised is another example.

Of course, Musk would argue that Tesla is not just another carmaker but a software-enabled business that will overturn the old economics of the industry before turning its sights on robotaxis, self-driving trucks, battery technology and more. Indeed, his new job title kind of makes exactly this point. 

But the short-sellers in the established sector of the market who are betting on Tesla stock prices falling dramatically aren’t convinced. It’s not that they think Tesla is a bad investment at the right price. Clearly the future is electric with western governments calling time on the internal combustion engine. But the sceptics believe that the company’s share price has gone way beyond a basic appreciation of those facts. And their logic is sound. There’s only one problem. 

 Tesla doesn’t have ordinary consumers and shareholders but fans. And, as any follower of English football will tell you, the well from which a true fan draws their misplaced optimism is almost fathomless. But the Tesla bubble is something different again. Apart from being fans of Tesla, fans of Technology and fans of fantasy fiction, many of the new breed of investor understand that they are behaving irrationally while co-ordinating campaigns on social media and entreating each other to hold onto stocks with “diamond hands” even in the face of overwhelming evidence they should sell. 

The traditional investor was looking for a reasonable risk-adjusted return in order to fund their retirement. The new breed rallies to a banner emblazoned with the acronym “YOLO” – you only live once. They are not investing in Tesla because of its p/e ratio or in the hope that sky high share valuations go interstellar; they are investing because of who they are and how it makes them feel. They are investing because Greta Thunberg. They are not investing in business but in causes, to sen a politicical message to ......... we're not sure who. 

Identity politics has morphed into identity investing. And there are signs this new brand of shareholder won’t be put off by the next big market correction as their predecessors were when the dotcom bubble burst. 

A recent survey of US retail investors conducted by Deutsche Bank found that respondents are planning to invest over a third of any stimulus cheque they receive from the Government in equities (is that a money-laden helicopter I hear?) and will treat any sell-off as a buying opportunity.

The very fact that Deutsche Bank conducted such a survey clearly demonstrates that traditional market participants are starting to realise they need to figure out a way of analysing the phenomenon and incorporating it into their own models.

The default assumption must remain that economic gravity will reassert itself in the end. But it may take a lot longer than we mere technosubjects had supposed.

But a cautionary note for potential investors on Musk's "achievement" in getting Tesla into profit. All Tesla's profits to date have come from selling government issued carbon credits to conventional auto makers that have not achieved the unrealistic targets set by 'woke' politicians for reducing emissions. So hailing Tesla's incursion into profitability is a fraud, they are still losing vast amounts on auto making operations.


The carbon credits system is itself a fraud, as independent analysis has shown the shift to electric propulsion does not reduce emissions, it merely shifts them away from the back end of the vehicle to pre - build processes such as mining and processing cobalt and lithium and other rare earth metals and the equally polluting battery manufacturing process.
This article on investors website The Motley Fool explains how Tesla's business model is dependent for its profitability on government handouts.
https://www.fool.com/investing/2020/07/26/teslas-biggest-profit-driver-isnt-sustainable.aspx

 

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VW Audi Suspends Electric Vehicle Production Due To Battery Shortage
Today in “news that affects all electric vehicle manufacturers”, Audi has announced that it has suspended production of its e-Tron electric SUV effective February 20 and won’t resume untilfurther notice. The suspension has been a resolve of “resolving production issues”, which are mainly attributed to bottlenecks in battery supply, according to Business Insider.

Tesla Stock Hit After German Regulator Warns Self-Driving Cars Are Unsafe

While the Tesla company and its Ubernerd founder Elon Musk have for several years been the darlings of the stock markets and the media, things may be changing. Like most technology startups, Tesla talk a good launch but fail to deliver real results. Since the cars launched to widespread admirationed at the elegant design, and open mouthed shock at the huge price tags and ...

House battery to store energy will 'change entire infrastructure of the world' - or maybe not
Another costly new product hailed as a breakthough in technology, this time a clutching-at-straws exercise from the failing electric car company Tesla, completely fails to live up to the hype under scrutiny. Hailed as a super battery, a mjor advance in battery technology that will change the world to store power for a household, it turns out to be nothing more than a streamined car battery. It will run the average home for about 2 hours.

Google Self Driving Car Can't Drive Itself
A lot of nerdy types have been getting very excited about the self - driving cars being developed by Google. Being nerdy they are not making such a fuss about the decent looking rides being developed by the likes of Mrecedes Benz, General Motors and Toyota. No, it's the Google wankermobile that turns them on.

All The Reasons You'll Ever Need For Not Buying An Electric Car As Tesla Electric Car Turns Into Firebomb after Collision.
The electric car thing will not go away will it, ever since the science tits who work for Big Tech started proposing that electric cars are the future it has been proved many times in many ways that they are not. Cost, extremely limited range and safety are mong the reasons. And here as a Tesla goes up in smoke, is another ...

Google Car Driverless Because No Sane Person Would Be Seen Dead In One
A few years ago Google boss Eric Schmidt said the company's aim was to get as close to creepy as they could without crossing the line. Well they had crossed the line long before he said that. The latest Google wirdness is the much hyped driverless car. It looks as if it was designed by a five year old. On the other hand it might be the ideal car for paedophiles who want to go cruising for jailbait.

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Ford Warns Electric Cars Are Only For The Rich
German politician calls on facebook to abolish free speech
A German politician has given the clearest indication yet that the political elites of the free world are ideologically much closer to Adolf Hitler's National Socialists than the social liberalism they claim to support. Free speech is the basis of all liberal democracy. Heiko Maas, the German justice minister has has written to the Facebook it removes “xenophobic and racist” anti-migrant posts from its website and apps., has written to the company to demand an urgent review of its policy over hate messages.

Free Speech Is Being Murdered By The Media And Left Wing Authoritarianism
Without free speech there is no democracy. Without democracy there is no freedom. But all over the developed world free speech is under attack from politically correct politics. It is time to start resisting, do not believe the propaganda published by mainstream media, question everything and make up your own mind. as The Buddha said, "Believe nothing you read or are told unless it agrees with your own experience and common sense."

Farage Reckless Facing Rabid Left Wing Fanatics
Following the defection to UKIP of Conservative MP Mark Reckless, who yesterday shocked the media and political establishment (everyone else knew it was on the cards.) by announcing his switch from con to Kipper from the podium at the closing session of UKIP's conference, the Kippers latest recruit and his new leader yesterday faced angry but ineffectual protests

Farage Reckless Facing Rabid Left Wing Fanatics
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Obama administration ‘blocking' information from the press
Uncovering information that should be available to the public has become increasingly difficult under the presidency of Barack Obama, an Associated Press bureau chief says. In some cases, it surpasses the secrecy of the George W. Bush administration. The White House's penchant for secrecy does not just apply to the federal government, according to AP's Washington bureau chief, Sally Buzbee.

Western Hypocrisy In Reporting News about Ukraine And Russia
The opening paragraph of a CNN report on the latest developments in the crisis in Ukraine illusrate perfectly the hypocrisy of Western media in the way they cast Russia as the danger to world peace and America as bringer of freedom and democracy. In fact in the crisis over the US attempt to draw Ukraine into NATO the positions taken by the USA abd Russias are the opposite of the 1962 Cuban Missile Crisis.

Scandal hit Rotherham ‘deleted abuse files’
In a move that puts them among the contenders for lying, self serving shits of the decade, but still in a league of their own un terms of complete and utter shittiness, it has emerged that the scum sucking scab lice of Rotherham Council's controlling Labour group and the public servants they employed had deleted files in order to cover up their complicity in the blatant and systematic child abuse perpetrated under the noses of council officials.

Centralized power - the worst of all possible worlds
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Kick Political Correctness Out Of Football
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Intrusive Surveillance Technology, Internet control freaks and The Orwell-Huxley-Dick Dystiopianometer
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So Who Is Anti - science? Those Who Question Climate Change Or Those Who Would Abolish Free Speech
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