The False Panic that Sunk the Economy
As I keep arguing, the economic shutdown due to the COVID-19 pandemic was a massive mistake.
And the recent data suggests we are 100% correct on this.
It has recently been revealed that the model used to predict the number of COVID-19 deaths is total garbage. Not only is this model NOT peer reviewed, but it turns out that it doesn’t produce replicable results.
Meaning if you put in the same inputs two times, you get two different answers.
Replicable results are the entire basis of modern science. If an experiment/simulation can’t be replicated, then the results are no better than asking a psychic to predict what will happen.
Rather than dealing with this obvious flaw, the team at Imperial College in London decided that the best approach would be to take the average of several results.
Let me repeat that… rather than admitting their model is garbage… they decided to take the average of several garbage predictions and use that as the official prediction.
And this was the “science” that was used to justify shutting down the global economy!
Indeed, we now know that this was the model that Drs. Birx and Fauci used to convince President Trump to impose an economic shutdown in March.
We also know that the real number of COVID-19 deaths in the U.S. is MUCH LOWER than the official number of 65,000+ being pushed by the media.
The 65K number is based on an estimate from the CDC that “counts and death counts include both confirmed and probable cases and deaths.” [Emphasis added.]
Meanwhile, the CDC’s “most comprehensive picture of lives lost to COVID-19… based on death certificates, which are the most reliable source of data,” is at 47,128 as of May 8.
New York City, New York state, and New Jersey account for over HALF of these cases (25,246). And we now know that the reason this area of the country (as well as California) was such a terrible place for COVID-19 deaths was because those states made the disastrous decision to send infected patients BACK to nursing homes!
So… we’ve got a garbage model being used to justify an economic shutdown… when the majority of deaths in the U.S. came from a specific region… which sent sick/infected COVID-19 seniors BACK TO THEIR SENIOR HOUSING FACILITIES/NURSING HOMES.
Put another way, we have a gigantic hoax that was dealt with via absolute incompetence and inhumane policies by government officials.
An Overhyped “Crisis”
I want to be clear here. I am not making light of COVID-19. I am aware the illness is horrific for those who contract it. And I, like everyone, am very sorry for those who have contracted it, or lost a loved one to it.
However, looking at the above numbers, did it warrant putting 330 MILLION people on lockdown for an illness that killed just 50,000… of which 26,000 were located in two states and had little if any real risk to young, healthy Americans?
This was nothing more than liberal media fearmongering.
Indeed, if you’ve been listening to the liberal media in recent weeks, you’d think we’re in the midst of some horrifying medieval plague…
That tens of millions of Americans are about to perish from COVID-19…
I now believe this was just an overhyped “crisis.”
And the ultimate result of the media’s fearmongering was an investment opportunity that only comes around once in a generation.
Editor, Money & Crisis