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Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?
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A little known specialized bond created in 2017 by the World Bank may hold the answer as to why U.S. and global health authorities have declined to label the global spread of the novel coronavirus a “pandemic.” Those bonds, now often referred to as “pandemic bonds,” were ostensibly intended to transfer the risk of potential pandemics in low-income nations to financial markets.

Yet, in light of the growing coronavirus outbreak, the investors who purchased those products could lose millions if global health authorities were to use that label in relation to the surge in global coronavirus cases.

On Tuesday, federal health officials at the Center for Disease Control and Prevention (CDC) announced that they are preparing for a “potential pandemic” of the novel coronavirus that first appeared in China late last year. The World Health Organization (WHO) has stated that an estimated 80,000 worldwide have contracted the disease, most of them in China, while more than 2,700 have died.

However, some have argued that the CDC’s concerns about a likely pandemic have come too late and that action should have been taken much earlier. For instance, in early February, Dr. Anthony Fauci, director of the US National Institute of Allergy and Infectious Disease, had told the New York Times that the novel coronavirus is “very, very transmissible, and it almost certainly is going to be a pandemic,” while former CDC director Dr. Thomas R. Frieden had echoed those concerns at the time, stating that it is “increasingly unlikely that the virus can be contained.”

Despite those warnings, among many others, the CDC waited to announce its concerns that the virus could spread throughout the United States. Their Tuesday announcement riled markets, wiping out $1.7 trillion in stock market value in just two days. The CDC’s warning has reportedly angered President Trump, who accused the agency of needlessly spooking financial markets.

Notably, WHO officials have taken an even more cautious approach than the CDC in their recent comments, stating that it is still “too early” to declare the coronavirus outbreak a “pandemic” while also asserting that “it is time to do everything you would do in preparing for a pandemic.”

The refusal to label the outbreak a pandemic is odd, since it refers to an epidemic or actively spreading disease that affects two or more regions worldwide. This currently describes the geographical spread of the highly contagious novel coronavirus, which has now resulted in significant clusters of cases far from China, namely in Italy and Iran. Countries closer to China, like South Korea, have also recently experienced an explosion in novel coronavirus infections.

It is possible that concerns over using the word “pandemic” could upset global markets and lead to economic turmoil, similar to what happened to the U.S. stock market following the CDC announcement on Tuesday. Though such concerns are valid, there is also evidence that a particular class of bonds issued by the World Bank that are closely related to official declarations of pandemics may also be responsible for having steered WHO and CDC officials away from using this term, even though the consequences of doing so could negatively impact global public health.

Pandemic Bonds: a “scheme like no other”

In June 2017, the World Bank announced the creation of “specialized bonds” that would be used to fund the previously created Pandemic Emergency Financing Facility (PEF) in the event of an officially-recognized (i.e. WHO-recognized) pandemic.

They were essentially sold under the premise that those who invested in the bonds would lose their money if any of six deadly pandemics hit, including coronavirus. Yet, if a pandemic did not occur before the bonds mature on July 15, 2020, investors would receive what they had originally paid for the bonds back in addition to interest and premium payments on those bonds that they recieve between the date of purchase and the bond’s maturation date.

The PEF, which these pandemic bonds fund, was created by the World Bank “to channel surge funding to developing countries facing the risk of a pandemic” and the creation of these so-called “pandemic bonds” was intended to transfer pandemic risk in low-income countries to global financial markets. According to a World Bank press release on the launch of the bonds, WHO backed the World Bank’s initiative.

However, there is much more to these “pandemic bonds” than meets the eye. For example, PEF has a “unique financing structure [that] combines funding from the bonds issued today with over-the-counter derivatives that transfer pandemic outbreak risk to derivative counterparties.” The World Bank asserted that this structure was used in order “to attract a wider, more diverse set of investors.”

Critics, however, have called the unnecessarily convoluted system “World-Bank-enabled looting” that enriches intermediaries and investors instead of the funds intended targets, in this case low-income countries struggling to fight a pandemic. These critics have asked why not merely give these funds to a body like the Contingency Fund for Emergencies at the World Health Organization (WHO), where the funds could go directly to affected countries in need.

Notably, WHO determines if a pandemic meets the criteria that would see investors’ money be funneled into PEF as opposed to their own pockets, which would take place if no pandemic is declared between now and when the bonds are set to mature this upcoming July.

In 2017, the news site Quartz described the mechanism of “pandemic bonds” as follows:

Investors buy the bonds and receive regular coupons payments in return. If there is an outbreak of disease, the investors don’t get their initial money back. There are two varieties of debt, both scheduled to mature in July 2020.

The first bond raised $225 million and features an interest rate of around 7%. Payout on the bond is suspended if there is an outbreak of new influenza viruses or coronaviridae (SARS, MERS). The second, riskier bond raised $95 million at an interest rate of more than 11%. This bond keeps investors’ money if there is an outbreak of Filovirus, Coronavirus, Lassa Fever, Rift Valley Fever, and/or Crimean Congo Hemorrhagic Fever. The World Bank also issued $105 million in swap derivatives that work in a similar way. (emphasis added)”

In 2017, the World Bank issued $425 million in these “pandemic bonds” and the bond sale was reported to have been 200 percent oversubscribed, “with investors eager to get their hands on the high-yield returns on offer,” according to reports. The premiums bondholders have received thus far were largely funded by the governments of Japan and Germany, who are also the top nation-state funders of WHO behind the United States and United Kingdom. Reports have claimed that most of the bondholders are firms and individuals based in Europe.

Some analysts have argued that these pandemic bonds were never intended to aid low-income pandemic-stricken countries, but instead to enrich Wall Street investors. For instance, American economic forecaster Martin Armstrong has called the World Bank’s pandemic bonds “a giant gamble in the global financial casino” and a “scheme like no other,” recently arguing that these bonds could present a “a structured derivative time bomb” that could upend financial markets if a pandemic is declared by WHO. Armstrong went on to say that it is in WHO’s interest to declare the coronavirus outbreak a pandemic, but noted that, in doing so, they would cause bondholders to take significant losses.

Even establishment economists like former World Bank chief economist and Secretary of Treasury Larry Summers have criticized the World Bank’s program, dismissing the PEF as “financial goofiness.” Bodo Ellmers, the director of the Global Policy Forum’s sustainable development finance program, has similarly called pandemic bonds “useless,” while Olga Jonas, who worked at the World Bank as an economist for over 30 years, said the program was “designed to fail” because the bonds were crafted in order “to reduce the probability of payout.”

Economic and business analyst and host of the podcast “Quoth the Raven” Chris Irons told MintPress News that, with respect to the pandemic bonds, “What’s important is to focus on who stands to benefit from this not being declared a pandemic,” a difficult task given that the identity of most bondholders are not currently publicly available.

Irons also noted that, in his opinion, “WHO and the CDC have been caught a little flat-footed here” and that some governments that fund WHO, particularly the Trump administration, appear “more concerned with the stock market than giving people information that may be necessary and vital.” He added that behind-closed-doors pressure on WHO by those who stand to lose financially from an official declaration of a pandemic would be “unsurprising.”

How to trigger a payout

As the coronavirus outbreak grows, concern has grown among those invested in pandemic bonds that payout to countries affected by coronavirus will be triggered, despite the clear delay by WHO in declaring the outbreak as a pandemic. While WHO could theoretically alter the criteria that would trigger payout and cause bondholders to lose big, some recent reports have claimed that bondholders are seeking to rid themselves of the bonds prior to their July maturation date.

German media outlet Deutsche-Welle noted that the trigger for the first class of pandemic bonds, valued at $225 million, would normally have already been met due to the criterion of more than 2,500 deaths in a “developing country.” However, WHO has said this does not meet said criterion because it does not consider China to be a developing country, even though the World Bank’s own criteria do consider China to be a developing country.

For the second and riskier category of pandemic bonds, those bonds are triggered when the disease in question crosses an international border and causes more than 20 deaths in the second country. At the time of publication of this article, Iran has recorded at least 50 deaths, which should have triggered this second category of pandemic bonds, valued at $95 million. Yet, WHO yet to comment on how this criterion for the second category bonds has been met.

The WHO’s decision to refuse to use the “p-word” may be the result of several factors, though the pandemic bonds loom large as a $425 million incentive for not doing so. While avoiding the use of the term may please pandemic bondholders, it is set to have major negative consequences for global public health, particularly given the fact that early action against epidemic and pandemic outbreaks is widely considered to be an imperative.

(Republished from MintPress News by permission of author or representative)
 
• Category: Economics • Tags: Coronavirus, Disease, Wall Street, World Bank 
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  1. So it’s okay for Wall Street to have possibly millions of people die of a (possibly) true pandemic just so bond holders (is Trump on of them?) can loot the planet even more… yep, psychopaths, including the WHO, which will call it a pandemic waaaayyy too late after the maturation date in July 2020. And will the MSM even mention this? Only if Trump is a bond holder…..

    • Replies: @Gg Mo
  2. The financial schemes these people get up to are beyond belief, it is just as well the MSM don’t make a big deal out of these things and instead relegate them to the back pages, otherwise the public might get angry!

    • Agree: Neo-Socratic
    • Replies: @Whitewolf
    , @Kim
  3. Well, gosh, I guess WHO can’t possibly declare a pandemic if Iran, currently subject to crippling US economic sanctions, would get any money from the bonds.

    I mean, (likely) jewish bondholders losing their financial asses and having any of the proceeds given to Iran?

    Oh, the horror, the horror……..

    • Replies: @Paul Jolliffe
  4. Amon says:

    80000 infected by Corona world-wide, meanwhile the average flu infects millions globall each year and kills on average half a million each year.

    But yeah, lets label the latest flu strain with the weakest kill count a pandemic and not the other ones.

    • Replies: @The Grim Joker
    , @Truth
    , @barr
  5. SafeNow says:

    Two days ago Grassley and others attended a top-secret briefing on the coronavirus. Maybe the subject of this essay was one of the secret topics discussed. Today when the CDC spokesmen praised “transparency” I thought of the secret briefing, and the topics that I can only imagine were discussed.

    • Replies: @sally
  6. Alfred says:

    It is fun to watch the World Bank hoisted by its own petard.

    If there is a pandemic, the World Health Organisation gets to keep money and the bondholders lose. You figure out who would be asking for help.

    For those who are not part of the conspiracy networks, this is related to the outstanding World Bank Pandemic Bonds which will come due for expiration this July here in 2020. This will be in the neighborhood of $500 million which is perhaps a structured derivative time bomb that most people have never heard of.

    Half Billion Pandemic Derivatives – Armstrong Economics

    This reminds me somewhat of those who gave money to those who had HIV in return for their life assurance policies. 🙂

  7. These bonds takes “desperate times require desperate measures” to an interesting conclusion.

  8. Whitewolf says:
    @Just Passing Through

    If the public isn’t angry with what’s happening already they’ll never be angry unless the talking heads on tv tell them to be.

  9. Humanity has reached a new low. WHO and CDC are run by a bunch of clowns and psychopaths.

  10. Kim says:
    @Just Passing Through

    I wonder where this money was being reinvested that allowed them to pay out 11%. Where can you get those kinds of returns nowadays? Or who is so short of funds as to be willing to promise those kinds of returns?

  11. jsigur says:

    I’m coming to see Miss Webb as a krypto ‘communist in league with the Martin siblings. Of course when the Jews prioritized subversive speculation to dominate over real wealth producing endeavors, we have gone from one unnecessary crisis to the next.

    Ever wonder why gas fluctuates so much? Commodity speculation. This being the case, and public officials so beholding to financial interests, there shall always be a conflict between the elites and the public good till the dynamic is rectified.

    Just don’t say who’s ultimately behind the conspiracy and report on the pawns in the game for entertainment.

    All this makes Miss Webb a necessary actress in the Jewish invented Left-Right political dynamic with her assignment herding audiences partial to 3rd tier op analogies. (Protocol 12-9 through 12-14)

    Don’t see the forest, just obsess on the trees in your vicinity/ Job well done, Whit!

  12. Chaz says:

    Who holds the bonds? I wonder if they have unusually large noses.

  13. How could you declare a Coronavirus pandemic when there is no accurate and reliable field test for the virus ? Are all the alleged cases of Coronavirus infections just cases of the normal, seasonal flu ? It is likely to have run its course by April . As Jon Rappoport has written “How to stage a fake epidemic(and brainwash billions of people)” blog.nomorefakenews.com :

    “When you go back in history…you’ll realize that fake epidemics are standard operating history .SARS,
    Swine flu, West Nile, Zika , etc. “

    • Agree: Twodees Partain
  14. livescience.com : “US isn’t remotely prepared to test for coronavirus , esperts say ” so how will we know who in the US actually has been infected with the coronavirus .

  15. I was all excited to go on a rant about the “usual crowd” to get my morning’s worth of jollies but it turns that the amount in question, though very substantial by Somalia standard, is not worth a good cup of jo to waste time on.

  16. Is there no end to the jewing?

    • Replies: @Nonny Mouse
  17. Although small potatoes as Really No Shit said above, this looks like a rerun of the mortgage scandal. In both cases, we are told that as they are “black swan events” they could not have been foreseen and that therefore, those who set these things up can’t be held accountable for the meltdown. Their losses must be made good.

    Hah! Black swan events. Confluences of many variables.

    Lets say you employ in your model 4 cycles that describe reality, with frequencies of 2,3,4 and 5. Then at 2 x 3 x 4 x 5 = 120 cycles you will experience a maximum or a minimum of heroic proportions. Such black swan events aren’t merely predictable, they’re inevitable. Now, you may not be capable of specifying the exact time, but the chances of one such happening are 100%.

    Our establishment economists act instead as though the world were always running on perfectly spherical, well-oiled ball bearings. They never deliberately run the program to deal with the inevitable crash. Shit happens. It’s not unpredictable. You don’t take a long car trip without carrying a spare but when you run a just-in-time economy, there is no place for reserves in the budget.

    We import all our manufactured goods from halfway round the globe; what could possibly go wrong? Already, other commenters have told us that masks are unavailable, all having been hoarded by the Asian countries which produce them. Same as that Asian-made computer chip American weaponry was dependent upon in the Gulf War.

    As long as Krugman’s one world economy runs smoothly, it runs smoothly. But when it hits a bump, then things go south quickly and there is no backup plan.

  18. Anonymous[265] • Disclaimer says:

    Global Research article April 9, 2018 (originally Oct 1, 2013), “Israel’s Secret Nuclear Biological and Chemical Weapons (NBC)” by Manlio Dinucci:

    “Medical evidence indicates that in Gaza and Lebanon, Israeli forces used weapons of a new design: they leave the body intact outside but, upon penetration, dévitalise tissues, carbonise liver and bones, and coagulate the blood. This is possible with nanotechnology, the science that casts microscopic structures by building them atom by atom.”

    There’s also the ignored threat of engineered pandemics wiping out our livestock herds and grain crops, with starvation in this modern world of electronics and jet travel the ultimate grinning mockery as America is tossed on the ash heap of history.

  19. Anonymous[248] • Disclaimer says:

    Trump has definitely tethered his presidency to the Dow. He loves to brag about it at his rallies. It’s like an extension to his organ. The stock market has been so over inflated thanks to his 4 years of QE via artificially low interest, it has much room to fall. Wake me up when the Dow is down to 14,000. Until then, it is a mere temporary correction, not a recession.

    • Replies: @Wally
    , @Anonymous
  20. @Amon

    No kidding ! Malaria and other tropical diseases every year kill more than the number of people infected with this virus.

    Its the jack off hour and everyone has a theory from the intended release of battlefield germs to some Chinese cook using a fruit bat instead of a duck to make Peking Duck. In the meantime we are subjected to continual photos of hoards of people wearing masks.

    The lunacy is getting out of control. Yesterday I saw a woman pushing her dog in a cart and Rover was wearing a mask. She and some other fruit cake then blocked the isle to engage in a long conversation about the risk of infection to the dog with the other lady pledging to get a mask for HER dog.

    As I said before, social media has unlimited server space to flog this rubbish to every unthinking moron and idiot. When it is all over people will realize they have been dicked once again by the media.

    In the meantime you can bet a certain group of people are going to make piles of cash from the stampeding herd. Note the sexy name for the germ. These are no longer labeled F4TR65 but CORONA. You cant make this shit up.

    For all our so called technical sophistication this generation is as dumb as ever !

    • Replies: @peterAUS
    , @Alfred
  21. Greg Bacon says: • Website

    I’m shocked that anyone would dare to think that a group of money-grubbing parasites would use their money power to kill off humans so they could make more money. Oh, the pain!

  22. Truth says:
    @Amon

    The Japs haven’t shut down school for a month for any other flu virus, neither have the Chinks quarantined 1/5 of their population for one.

  23. Wally says:
    @Anonymous

    said:
    “He loves to brag about it at his rallies.”

    Anyone with a retirement plan had better hope he’s right.

  24. Anonymous[265] • Disclaimer says:
    @Anonymous

    If shadowstats’ revised CPI (using the gov’s earlier methodologies) is correct, the CPI is about 6%, or something like 2-1/2 times the official deflator commonly used to represent the Dow in real dollars, if I’m not mistaken.

    When business fundamentals are no longer relevant, the explanation on Fox News has to be that it’s a miracle not bound by any laws other than the magic of MAGA. They obviously can’t mention that it’s due to free money on “Wall Street” as that’s commonly understood in flyover land as a euphemism for the insiders running the White House and Treasury for the benefit of Goldman Sachs and friends.

    We’ll give you a call next year when the Dow miracle takes it to a nominal 50,000 and intersects with that 14,000 in real dollars. Miracles do happen, you know, especially if you cross your fingers, tap your heels, and believe Fox News’ talking heads getting paid tens of $millions a year are working for the little guy.

    • Replies: @Wally
  25. Coronavirus is an economic attack on China by the deep state and its zionist controllers, they have had this virus on hand for years waiting for the right time to deploy it, these satanists are going to destroy humanity in their greed and lust for a NWO.

    • Replies: @Anonymous
  26. anon[224] • Disclaimer says:

    “It, therefore, may come as a surprise to learn that the urban testing ground for the first full-scale deployment of a 5G network was the Chinese city of Wuhan, the epicenter of the Coronavirus (aka CoVID 19). Is this mere coincidence or is there a link?”

    https://exonews.org/is-the-coronavirus-linked-to-chinas-rollout-of-5g-and-biowarfare/

    Surprise, surprise. Wherever 5G is up and running, immune systems are weakened.

    https://www.telecomtv.com/content/5g/italy-first-in-race-to-declare-its-5g-city-14457/

  27. anon[837] • Disclaimer says:

    If only there were a virus that primarily affects American blacks, how wonderful would that be? No more violent crime and having to look over your shoulder in every FUCKING public space. I piss on the graves of all the monkeys shot by police or by each other.

  28. Anonymous[196] • Disclaimer says:
    @Desert Fox

    I’d say it’s increasingly looking like a bioweapons attack by China for furthering their own agendas, it seems like China will recover fairly well (possibly due to planning) and it’s the rest of the world that will suffer. Maybe the world will be saved by a Chinese engineered “vaccine”?

    I don’t see any evidence of this being a US/Western bioweapons attack, but the Chinese response and the Level 4 bioweapons lab in Wuhan makes me very suspicious that they had something to do with it.

    • Troll: Buck Ransom
    • Replies: @CanSpeccy
    , @Desert Fox
    , @Herald
  29. CanSpeccy says: • Website
    @Anonymous

    I’d say it’s increasingly looking like a bioweapons attack by China

    Much more likely a New World Order agent of demographic rectification in China and the aging nations of the West.

    • LOL: Wally
  30. @Anonymous

    Do some research, China is the victim of biological attack, the western elites have had the coronavirus on hand for at least 2 years, check these sites, zerohedge.com, thetruthseeker.co.uk, whatreallyhappened.com, henrymakow.com, globalreseach.ca, etc..

    • Agree: Robjil
  31. barr says:
    @Amon

    That is a valid question . But that is not the issue .You can ask WHO to include influenza virus epidemic in the lists of the agents causing the epidemic. Its not included and that’s the end of the story as far as this bond is concerned

    I don’t think WHO WB would have been able to sell the bonds if it were included.

  32. Wally says:
    @Anonymous

    News Flash !!

    Trump ‘The Magic Man of MAGA’ uses the same statistical sources as Obama and other previous presidents.

    And of course the overwhelming majority say they are much better off since Trump came into office.

    Trump in a 2020 landslide.

    • LOL: bluedog
  33. Rooster says:

    There’s 2 parts to the media’s hysteria:

    1.) Fear Porn – they try to get as many viewers as they can by scaring the hell out of you. Plane crashes, school lockdowns, houses blowing up, and on slow days any weather event.

    2.) Hurt the current administration as much as possible, along with any local non-Democrat leadership, and tie as much bad stuff to Trump as possible.

    That’s it folks, pretty simple really. They’re now hyping the Corona Virus to draw viewership and push hysteria hoping to drive down the market and the link Trump to a bad economy and say he “didn’t do enough” in response to the virus.

    Corona Virus has no casualties under the age of 9… Zero, and up to age 49 it’s a rate of .2% which is including people with pre existing conditions. Wake up folks, you’re being played.

    • Replies: @The Grim Joker
  34. Agent76 says:

    Feb 26, 2020 Coronavirus: China Cancels Huge Government Meeting

    China is saying the deadly coronavirus outbreak from Wuhan is getting better. The World Health Organization has said the epidemic has peaked. But should you believe them?

  35. Gg Mo says:
    @Omegabooks

    Whitney Webb and Mint Press agenda. CONTROLLED Opposition :

    • Replies: @Alfred
  36. Greg Bacon says: • Website

    Stay afraid Goyim stay very afraid! You’re much easier to control when fearful. When we realized that those CIA productions of swarthy-looking al CIA Duh bad guys lopping off heads while screaming Allah Akbar was no longer making you afraid, we conjured up other frights, including Corona.

    So stay afraid, and huddled up in the corner of the abattoir lot, bawling for help from those who caused your fear.

    That way, you won’t ask questions about why this recovery is making billionaires by the dozen, while many Americans can’t make it thru the month without using their credit cards.

    You won’t ask questions about why the Pentagon is now supporting al CIA Duh thugs in NW Syria.

    Nor will you wonder why men dressed up as women and not wearing panties, flash their private parts at your kids while reading to them in your libraries and schools.

    You won’t ask why is Israel getting billions and billions each year in free money, billions and billions in free weapons, while the USA’s infrastructure falls apart, due to lack of maintenance money.

    Neither will you wonder why so many Jew predators are in the news, like Horny Harvey and our good friend Jeff Epstein, who BTW, did not kill himself.

    Like FDR said, “The only thing you have to fear, is fear itself!”

    • Agree: Desert Fox
    • Replies: @Dumbo
  37. Is it actually a pandemic yet? Would darling China ever dream of lying about the number of their cases and deaths? China does fork over a lot of cash to WHO, so what director ever goes against a donor? However there has been quite a few CEOs quitting lately, so maybe Whitney Webb is onto something. Or maybe killing off the boomer+ crowd is just good for business, and the broker bigwigs and the who of WHO are more than good with the coronavirus. A growth investment of sorta thing via culling the herd of retirees.

  38. peterAUS says:
    @The Grim Joker

    When it is all over people will realize they have been dicked once again by the media.

    More likely they’ll forget all this in a week, and eat the same again when it happens in due time.

    For all our so called technical sophistication this generation is as dumb as ever !

    Yep.

    “Corona deniers” thing coming soon.

  39. Anon[140] • Disclaimer says:

    China insisted that all countries continue to open their borders to Chinese travelers, and as expected, they spread this virus all over the world. If they were a responsible global citizen, they would’ve grounded all outbound flights the day they put Wuhan on lockdown. Instead they whined about the US barring their citizens from entering and continued with their Air China service to all countries.

    Now that this has become a de facto pandemic thanks to their travelers, the economic ramification to the rest of the world will be far greater. Instead of just a supply issue if this had been kept contained within China, this could now trigger a worldwide recession that depresses demand. Not only that but Chinese (in fact, all Asians since people can’t tell them apart) are now pariahs everywhere thanks to their selfish action.

    So the irony is, by trying to avoid a temporary and localized economic loss, the Chinese will end up with a much bigger and longer term economic loss with their short term focus and greed, and they have lost the goodwill they worked so hard to build around the world in the past 2 decades. So much for their high IQ and long term vision.

  40. This coronavirus is probably a JADE 3 rollout, ie joint assistant for deployment and execution ie a modeling deal to see how the population reacts to the shadow governments modeling for people control by releasing it in China and watching the panic spread across the world.

  41. Paul says:

    Are Wall Street and Donald “Bone Spurs” Trump behind the refusal to call coronavirus and the annual flu outbreaks pandemics?

  42. Herald says:
    @Anonymous

    I don’t see any evidence of this being a US/Western bioweapons attack

    But mysteriously you can somehow see that the Chinese did it, even though there is absolutely no evidence whatsoever to support your slanted view.

  43. sally says:
    @SafeNow

    Why should it not be a crime against humanity to keep secret information about diseases, prevention or treatment?

    Nation state secrecy is one of the biggest. problems humanity deals with because it allows those in charge to conduct their corruptions, to make behind the scene deals, and often what is decided tends to enrich or favor the rich at the expense of everyone else.

    But in this case the CDC should be presenting on its websites all of the science, all of the information and everything it can so everyone can begin learning what is known about this virus.. who knows, some beginner may just happen to discover a lead, or even a cure or a preventative and give that clue, cure or preventative to the world (heaven forbid big Pharma did not get to copyright or patent it.

  44. Haha. I had a feeling that greed would end up making this thing much worse.

    God bless our capitalist overlords! They dindu nuffin!

    All those commies and socialists that tell the World Bank and IMF to go F themselves are the bad guys though according to many morons here. According to geniuses like Henry Makow, not enslaving your people to the IMF and World Bank makes you part of the NWO and a “globalist”

    Cain’t fix stoopid.

    • Replies: @Twodees Partain
  45. Anon[248] • Disclaimer says:

    Ziocons have been going all out with their full blown attack on China, kicking them while they’re down. Since the Wuhan lockdown, the Trump admin has issued one edict after another on China:

    1. Wilbur Ross immediately declaring this will bring back manufacturing to US
    2. Last week US charged Huawei with RICO, a charge usually used on mafia bosses to prosecute them for directing murders
    3. The next day, Pompeo declared “The West is Winning” at the Munich Security Conference. Mark Esper Defense Secretary declared China is our number one enemy, followed by Russia
    4. The next day, US banned GE from selling jet engines to China
    5. The next day, US banned all companies all over the world that use more than 10% parts from US companies from selling any parts to Huawei incl. chips
    6. Constant reminder from Kudlow and Mnuchin to China that they are still expected to live up to their trade agreements, i.e. buy a ton of shit from US
    7. At CPAC today “Experts on China” incl. Gordon Chang warned that China is trying to “strangle us”, by replacing US as superpower, and also are laying the groundwork to blame coronavirus on US

    https://www.breitbart.com/politics/2020/02/27/military-experts-at-cpac-warn-china-is-trying-to-strangle-us/

    Did we just declare war on China? Might as well. Time to buy defense stocks.

  46. Pft says:

    Sounds to me that these bonds allow someone to make a killing in the event a pandemic is declared, perhaps even those who developed and subsequently released the virus. While the article points out the investors who may lose, this is actually a small amount of money in the grand scheme of things. That said some small group of investors could bet the other way and make a killing via hedge funds or derivatives. Follow the money.

    Also, the stock markets no longer follow fundamentals. The Fed in taking the lead of the plunge protection team since 2009 props them up with futures trading. Seeing as Trumps precious has been allowed to take a hit in an election year, one can see those at the top have an interest in creating a financial panic to reinforce the health panic. Problem-Reaction-Solution. Opportunity knocks. Yet again.

    Vast sums of money are to be made here from vaccines/drugs/testing, not to mention opportunities for more government power and mandatory vaccinations and Digital ID (ID2020). Both of the latter are pet projects of Bill Gates who is one of the biggest funder of WHO and GAVIS, and also behind Event 201 and Netflix Pandemic documentary conveniently timed to show in January

    That WHO and World Bank are behind these financial instruments relating to pandemic, and Covid-19 started getting played up shortly after the Davos meeting makes things interesting.

    On the Chinese side collaboration of Chinese and US scientists relating to coronavirus is well established. Funding from DOD and NIH. Patents for vaccine processes held by the Godfather of coronavirus in NC and Gates affiliated Pirbright Institute. China signs a trade deal promising to honor patent rights right before Covid-19 hype began.

    Bioloake in Wuhan is home to many leading Big Pharma and Biotech Giants, and Chinas new Vaccine Law beefs up enforcement of mandatory vaccines.

    Nanoscience technology to be used to monitor citizens with 5G and nanobots has been in the work for years. A leading nanoscience expert at Harvard , a recipient of DoD/NIH grants was recently arrested for hiding his involvement with Wuhan Institute of Technology. Wuhan is one of Chinas first 5G/smart cities. Great opportunity to roll out the technology. Imagine every citizens health being monitored 24/7 by nanobots. Have a fever, its reported immediately, orders for quarantine issued by text and enforced by surveillance drones and restricting credit and travel.

  47. Alfred says:
    @The Grim Joker

    Malaria and other tropical diseases every year kill more than the number of people infected with this virus

    But this happens in countries that are of no consequence. Places with a surplus population. Here are the top countries per capita malarial deaths:

    [MORE]

    1- Sierra Leone
    2- Mali
    3- Guinea
    4- Burkina Faso
    5- Central Africa
    6- Ghana
    7- Senegal
    8- Benin
    9- Liberia
    10- Chad
    11- Angola
    12- Congo
    13- Mozambique
    14- Malawi
    15- Zambia
    16- Burundi
    17- Gambia
    18- Guinea-Bissau
    19- Sao Tome
    20- Togo
    There are almost no deaths in Europe, North America, Russia, China, Japan etc.

    https://www.worldlifeexpectancy.com/cause-of-death/malaria/by-country/

    • Replies: @The Grim Joker
  48. Alfred says:
    @Gg Mo

    It’s all the fault of Putin – as usual. LOL 🙂

  49. Dumbo says:
    @Greg Bacon

    I wonder if this coronavirus thing, besides generating panic and fear, has the intention to increase obligatory vaccination campaigns, and eventually to inoculate the population with all kinds of products, some beneficial, some not so much.

    They have been ramping this up of lately.

    1. Create panic
    2. Create vaccines
    3. ?
    4. Profit

    • Replies: @9/11 Inside job
  50. @redmudhooch

    “Cain’t fix stoopid.”

    So true. You prove that with every comment you post.

  51. @Alfred

    I agree ! But 600,00 a year is 600,000 a year.

    And thats only malaria.

    In tropical bush there are also a host of other deadly germs (black water fever, dengue, yellow fever ) including some not even discovered by science.

    Then we come to deaths by car accidents, homicide and suicide, war ….. The count from all these must be in the millions. Yet, we barely hear a peep ..

    I dont know how many have croaked due to Corona ( 2-3 thousand) and I dont really care, not because I am cold to human suffering but because I am bored with the constant barrage of virus news. One article I read recently is that “The Virus is mild but that is good and bad”. Certainly an interesting headline when one considers it. I saw a photo yesterday of a group of about 20 people, 2 who were Chinese were wearing masks. The rest were all bare nosed. Duh and huh !! ??

    What I find interesting is :
    -how this issue is flogged 24/7 by the media.
    -how folks are so easily panicked
    -how the whole issue has become a mania

    I can just imagine the editor of one news story putting out an article like this ” Monkey in Brazil may have virus. Billions could die in South America”. Notice the use of the words MAY and COULD. Also no one would question why a monkey would be transported out of the Amazon for the Corona test.

    We humans may be at the top of the food chain and supposedly the most intelligent animals on earth but God, the majority are as dumb as a roof shingle.

    Its the old story. Soon this b/s will die down as the public wearies of it or some other drama arises. In the meantime folks are getting their shorts in a knot over another non event.

    The whole thing is a colossal load of click bait shit with people lining up to bite.

    • Replies: @peterAUS
  52. @Rooster

    NOOOOOOOO ! You mean to tell me the majority are ignorant asses easily lead by the nose ? That time after time the dummy public is pulled this way and that just by touting some nonsensical and silly drama 24/7 .

    I dont believe it ! Most people are highly intelligent Sir and immune to swallowing garbage that is tossed their way.

    This may have been the case in medieval times but I would like to point out that these days we are highly sophisticated, technologically advanced, and superbly educated. We no longer fall for snake oil salesmen, shills, slimy innuendo and sleazy gossip and least of all manipulative fake news.

    • LOL: Kapyong
  53. peterAUS says:
    @The Grim Joker

    The whole thing is a colossal load of click bait shit with people lining up to bite.

    Not quite.

    It’s a very useful tool/method out of a very good reason (for some) and with definite purpose.
    So far, IMHO, it’s been working as charm.

  54. @Dumbo

    Yes , part of the agenda appears to be the increase and spread of mandatory vaccination programs as vaccines have become large profit centers for “big pharma”. See: “US measles outbreak helps boost Merck’s vaccine sales in 2nd quarter .” cnbc.com. Using hysteria produced by the mass media over the alleged increase in cases of the measles, pharmaceutical companies have managed to make it mandatory for school children to be vaccinated with the MMR,and other vaccines, in order to be able to attend school. “Evidence emerges that measles outbreaks are deliberately encouraged by big pharma to ignite vaccine hysteria”globalresearch.ca
    Problem ,reaction solution ….

    • Replies: @Desert Fox
  55. @9/11 Inside job

    Agree, vaccinations also contain mercury and other substances which are detrimental to human health including causing autism.

  56. Sorry but there’s a fundamental flaw in this article. Trigger conditions for the bonds are numeric and epidemiological: [v] deaths in i countries over time t. A WHO declaration has nothing to do with payouts on these bonds.

    Besides, this is less than half a billion, a drop in a drop in the bucket compared to the junk bonds it’s modeled on, much less the derivative market. It’s a prototype meant to be scaled up if it doesn’t flop. So Armstrong’s tocsin is highly overwrought.

    The trigger conditions will use WHO incidence statistics – so maybe in that sense there might be pressure to under-report. Let us posit a caricature of a malevolent financial prick – Singer, say. IF he bought the entire IBRD pandemic issue it would represent 2% of his AUM, and it’s just about as risky as all the other crap he buys. Would it be worth it to bribe or blackmail WHO pukes to do an OPCW and falsify the data? Sure, for him, but not if it’s hard or expensive. But if he’s smart and he just buys enough to diversify and reduce his systematic risk a bit, that’s a free lunch however long the bonds pay out. For pension funds, who bought most of the Class Bs, they won’t even notice the loss, it’s Gaussian noise amid the constant dull roar of defaults.

    The interesting angle here would be be if someone’s shorting them, or creating OTC derivatives that pay out like puts. Then somebody (cough A.B. Krongrad cough) could profit from insider trading if they heard there were a biological weapon being used. OTC derivatives markets are notoriously opaque; but you might want to nose around and see if somebody like, say, AlphaCat is involved, wink, wink!

    https://seekingalpha.com/article/4326527-why-pandemic-bonds-arent-bad-idea

    https://insuranceasianews.com/covid-19-could-trigger-world-bank-pandemic-bond-payout/

  57. @Mustapha Mond

    A question:

    If the coronavirus should break out in Palestine (several hundred deaths, say), would the WHO recognize Palestine as an independent state and therefore declare a pandemic, or would the WHO refuse to recognize anything happening in Palestine? Would the WHO claim that Palestine was part o Israel and therefore not a developing country?

    I suspect you and I already know the answer . . .

  58. Bye-bye, bondholders’ principal: https://www.cnn.com/2020/03/11/health/coronavirus-pandemic-world-health-organization/index.html

    I wonder how this will all shake out? I doubt Iran will ever see a dime, no matter how hard hit they are.

    Things are getting a little dicey………..

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