By Jeff Childers
Good morning, C&C, and welcome to the weekend edition! This morning’s roundup includes: another blockbuster BMJ exposé teaches us a lot more about how the vaccines happened; an FTX roundup: lies, shrinking investor bucks, pandemic connections, chapter 11 news; the last fraudster just got sentenced; and the horrors of global warming strike the Northeast.
🗞*WORLD NEWS AND COMMENTARY* 🗞
🔥 The BMJ, which published last year’s exposé on Pfizer’s slipshod covid subcontractor Ventavia, has done it again. On Wednesday, the British Medical Journal published a new investigative report headlined, “FDA Oversight of Clinical Trials Is ‘Grossly Inadequate,’ Say Experts.”
As we look into the revolting facts, I want you to remember that the FDA ‘charged’ Pfizer and Modern millions and millions of dollars to pay for supervision of clinical trials (in fact, 65% of the FDA’s funding for evaluating drugs comes from “industry user fees”). That money was paid and received. We’ve seen the receipts. Not only that, but the FDA has over 18,000 full time employees, and a three-billion-dollar budget, half (50%) of which is discretionary.
Let’s take a look at what the government accomplished — or didn’t accomplish — with all that sweet pharma money.
I’ll start with the BMJ’s conclusion. According to the Journal’s cited experts, the FDA — not covid — is endangering public health:
The FDA is “endangering public health” by not being candid about violations that are uncovered during clinical trial site inspections… The lack of full transparency and data sharing does not allow physicians and other medical scientists to confirm the data independently and make comprehensive risk-benefit assessments.
Maybe we should lockdown the FDA. For safety.
How is the FDA endangering public health? Here’s the unbelievable part. Right when the covid vaccines were being developed at the unprecedented speed of science, between March and July 2020, when we needed them most, the FDA “paused” all its clinical trial site inspections (except for a small handful of “mission critical” inspections).
If you believe this excuse, the FDA says it paused trial site inspections for — get this — safety reasons.
Safety? What? From covid? It wasn’t like the inspectors were going in to clean Hunter Biden’s old apartment in the Philippines or anything. They would have been going into state-of-the-art vaccine development labs.
Or, NOT going into them, apparently.
The FDA told a BMJ reporter not to worry, it takes oversight of clinical trials seriously. The FDA said it gave investigators a “draft guidance” for how to do remote regulatory assessments. The draft guidance suggests doing regulatory inspections virtually, like over ZOOM.
I’m not making that up.
And I’m not the only one who thinks that is bogus. The BMJ even reported their expert laughed out loud at the idea of zoom inspections. He explained, “You can’t do a remote inspection. That’s like saying I’m going to arrest somebody remotely. You have to be there on site and look at every nuance such as cleanliness, organization, staff coordination—even their body language. During a pandemic, the FDA could’ve put inspectors in hazmat suits if they wanted to, there’s no excuse for not going onsite.”
But WHY didn’t the FDA investigate each and every clinical trial run during Operation Warp Speed to make sure the jabs were ACTUALLY safe and effective?
The BMJ says the FDA’s own documents show that the agency only inspected nine of 153 Pfizer trial sites before approving the mRNA shot. Likewise, the FDA only inspected ten out of 99 Moderna trial sites, and only five out of 73 remdesivir trial sites. So all those millions of dollars the FDA got from the two companies — never mind its billion-dollar discretionary budget — only amounted to 24 site inspections (9 + 10 + 5) — out of 325 total trial sites.
Finally, according to the BMJ, the FDA doesn’t even keep a list of all the clinical investigational sites because, as the agency explained to the BMJ, it would be “resource intensive.” Meaning, gosh, it’s just too much work. So the FDA couldn’t, for example, do a random surprise site inspection, because they wouldn’t even know where to go. They depend on the drugmaker to suggest sites for inspection.
Nothing could go wrong with THAT plan.
🔥 Yesterday, Business Insider ran a story headlined, “A new bankruptcy filing shows the value of FTX’s crypto holdings is just $659,000, after Sam Bankman-Fried said they were worth $5.5 billion.”
That’s not $659 million dollars. That’s $659 THOUSAND dollars. FTX’s entire multibillion dollar crypto “inventory” is worth less than one million dollars — even though FTX’s jittery, polyamorous ‘genius’ just told investors it was worth FIVE BILLION.
But that’s not genius-level math. That’s just garden-variety junkie-level fraud. The truth was, Sam Bankman-Fried wasn’t good at math. He wasn’t good at management. He wasn’t good at finance. He wasn’t even good at League of Legends, as far as we can tell. But he WAS good at speaking ‘virtue,’ since he was born into democrat elite society and grew up hearing the dialect.
• Vox ran a narrative-promoting story Wednesday headlined, “The Impact of Sam Bankman-Fried’s Support for Democrats Is Massively Overstated.” Obviously, it was a PR piece for the democrats, to mislead Vox’s clueless readers into thinking FTX was not, in fact, buried up to its scrawny little neck in democrat politics. But there were a couple interesting nuggets in the story.
The article admitted Sam gave a whopping $36 million to democrats (just for the PRIMARIES), but calls that amount a mere “fraction” of what he COULD HAVE given, since at one point Sam said he actually wanted to give democrats a BILLION dollars. However, given Sam’s inability to differentiate between thousands, millions, and billions, it was probably just Sam being Sam. He didn’t really have a head for numbers.
Anyway, Sam was still the SECOND BIGGEST DONOR to democrats in the primaries.
Vox also pointed out that Sam’s political donations stopped around June, implying — I guess — that Sam had a change of heart, or maybe was only helping out in the primaries or something. But of course, it was more likely that Sam stopped making democrat political donations in June because FTX ran out of other people’s money.
Interestingly, Vox says the majority of Sam’s donations went to the “Protect our Future PAC,” which supported 25 candidates focused on “pandemic preparedness,” which in virtuespeak translates to “lockdowns, mandates, and passports.” Coincidentally, all 25 of the supported “preparedness” candidates were democrats. But Vox suggested that maybe poor, misguided Sam was nobly concerned about protecting people from viruses, rather than grubbily helping democrats by sliding them cash fraudulently catfished from unwitting investors.
I haven’t leaned into this part of the story much, but the public persona they manufactured for Sam Bankman-Fried was that his personal philosophy and life’s goal was “charitable giving,” and the only reason he wanted to be successful in crypto was so he could give away all his personal profits, to less fortunate people. Or something.
It was always a lie, of course, you already know he wasn’t putting on the hair shirt or anything, he actually lived in a drug and sex-soaked luxury penthouse in the Bahamas, mainly funded democrat political objectives, and defrauded over a million innocent investors.
According to a recent article in the Brownstone Institute, Sam even admitted once that his image as a do-gooder was a “dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.” Nobody cared. It sure didn’t stop corporate media from relying solely on the fake narrative to frame all its FTX stories. In fact, they’re still doing it.
Part of the CIA’s playbook for creating these honeypot cutout characters seems to be giving them some kind of narrative hook. Epstein was the “international mystery man of finance.” Bankman-Fried was the “brainiac nerd devoted to altruism.” These narrative hooks dump truckloads of potential story ideas on compliant corporate media, and more importantly, pre-package a helpful narrative frame for everything that happens — even if things go sideways, like they have now.
You see, Sam always MEANT well. He was just … badly advised. Or unlucky. Plus there weren’t enough regulations. He was just a poor, little rich boy. (Also a white atheist, just like Epstein, but never mind all that.)
These public characters (or caricatures) always seem to actually be weak people who could be easily compromised and controlled, if someone had a notion to control them. Epstein obviously had a refined taste for attractive young girls. Bankman-Fried appears to have been a drug addict with bizarre sexual habits.
Were they chosen BECAUSE OF their susceptibility to being compromised and controlled?
• The Brownstone Institute ran a story yesterday headlined, “The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried.” It’s a deliciously snarky article written by Jeffrey Tucker and I recommend reading the whole thing.
The part I want to focus on is the disclosure of FTX’s peculiar preoccupation with “pandemic planning.” Tucker seems to think it had something to do with the fact that, for some bizarre reason, mandates, lockdowns, and passports became integrated into modern liberal identity.
Tucker calls it “tribal symbolism,” which is amusing, but ultimately insufficient. I call the phenomenon “unhinged virtue signaling,” because some so-called conservatives did it too. So it may involve tribalism, but that’s not the whole answer.
Anyway, here’s the thing. A major anti-ivermectin study called the “Together Trial” was published earlier this year. Corporate media and the alphabet health agencies used the “blockbuster study” as justification for cracking down on “misinformation” about the Nobel-prize-winning drug.
Guess who funded the study that put the nail in ivermectin’s reputational coffin?
You guessed it! FTX.COM and Sam Bankman-Fried, that’s who. And not even with their own money. They used investors’ money to cancel ivermectin.
And it wasn’t only the now-discredited Together Ivermectin Trial. The Washington Post ran an out-of-left-field story Wednesday headlined, “Before FTX Collapse, Founder Poured Millions Into Pandemic Prevention.”
A Washington Post review of lobbying disclosures, federal records and other sources found that Sam Bankman-Fried spent at least a staggering $70 million since he started, virtually overnight in October 2021, on research projects, campaign donations and other initiatives intended to “improve biosecurity” and “prevent the next pandemic.”
Meaning, Sam poured money all over “narrative-friendly” scientists and politicians. How’d he get that idea?
On Monday, Sam’s brother Gabriel Bankman-Fried “stepped down” as director of Guarding Against Pandemics, an “advocacy organization” that Gabe founded in July 2020, and which was fully fueled by FTX bucks. Influence Watch described Guarding Against Pandemics as “a left-leaning advocacy group created in 2020 to support legislation that increases government investment in pandemic prevention plans.”
Leftism. Government. Pandemic. Got it?
In fact, according to WaPo, it really seems like the “public health sector” was what was really hardest hit by FTX’s collapse:
The shock waves from FTX’s free fall have rippled across the public health world, where numerous leaders in pandemic-preparedness had received funds from FTX funders or were seeking donations.
Oh no. Science’s cash machine has closed. Ukraine, too.
• On Thursday, John Jay Ray III was appointed the Chapter 11 bankruptcy CEO of FTX and related entities. In his mandatory disclosure filed in the main bankruptcy case on Thursday, Ray described his prior experience managing other high-profile chapter 11 disasters, like Enron.
Ray stated he has over 40 years of experience in managing distressed and fraudulent corporate failures. Remember that: forty years of experience. On the second page of his thirty-page declaration, Ray stated:
Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.
NEVER before in his career. Not in forty years of managing distressed fraudulent companies like Enron. FTX is the worst. And read that last sentence again carefully: “… a very small group of inexperienced, unsophisticated and potentially compromised individuals[.]”
He’s talking about Bankman-Fried and his girlfriends and boyfriends. Ray is saying the same thing we’ve been saying. But he said they were “potentially compromised” … compromised by WHOM?
I’ll continue reviewing the materials filed in the bankruptcy case, and will boil it down for you next week.
🔥 Meanwhile, the last media-propelled fraudster, Elizabeth Holmes of Theranos fame, was sentenced to 11 years in prison this week.
“She was a thoughtful & philanthropic individual who wants to make a difference in the world.” @CoryBooker Woke capitalism allows criminals to evade scrutiny. Even after convicted. Don’t fall for it. foxnews.comCory Booker asks for leniency for Theranos fraudster Elizabeth Holmes: Wants to make world ‘a better place’Sen. Cory Booker, D-N.J., defended the character of convicted Silicon Valley fraudster Elizabeth Homes in a letter to the judge presidi…5:10 PM ∙ Nov 18, 20221,140Likes247Retweets
Thoughtful, philanthropic, and fraudulent. Just like Sam Bankman-Fried!
🔥 As carbon emissions continue creating an unbearable “hothouse effect” here on planet Earth, the terrifying phenomenon of Global Warming strikes again, leaving countless victims in its wake. The New York area is experiencing a historic “thunder-snowstorm” featuring blizzard-like conditions combined with lightning. They’ve had over five feet of snow as of last night.
Holy moly. Heaviest snow bands of ‘crippling’ storm pound Buffalo metro area; 4 feet already reported in Southtowns foxweather.comHistoric snowstorm slams western New York after record 6-plus feet of snow dumped in Buffalo metro areaA long-duration lake-effect snowstorm is underway across western and northern New York, including the cities of Buffalo and Watertown, …8:15 PM ∙ Nov 18, 2022213Likes36Retweets
Floridians look at all this and say: 🤯
By the way, I said “hothouse effect” because that’s more accurate than “greenhouse effect.” A greenhouse is a comfortable, climate-controlled environment that is ideal for growing plants. I never understood why “greenhouse effect” was supposed to be a bad thing. Conditions are usually ideal inside greenhouses.
I must be missing something!
Have a wonderful weekend, and I’ll be back here on Monday to kick the week off right.
C&C is moving the needle and changing minds. If you can, I could use your help getting the truth out and spreading optimism and hope: https://www.coffeeandcovid.com/p/-learn-how-to-get-involved-
The views and opinions expressed in this commentary are those of the author and do not necessarily reflect the official position of Citizens Journal Florida.