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Brownstone Institute

Sam Bankman-Fried and the Pandemic Industrial Complex

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From the Brownstone Institute

BY Michael SengerMICHAEL SENGER

The collapse of Sam Bankman-Fried and his fraudulent cryptocurrency empire at FTX is news at its most entertaining. Who doesn’t love the story of a big shot billionaire revealed to be an outright fraud? It’s black-and-white. FTX owes billions in debt and doesn’t actually own a dime of the assets it claimed. Game over.

At first blush, the story seems simple. A con man cynically convinced a bunch of gullible financiers that he was an eccentric young visionary and a really great guy, and he ran off with the dough.

But take a closer look at the mainstream coverage, and you’ll realize there’s far more to this story than a classic financial fraud. In fact, the puff pieces from mainstream outlets about SBF and the causes he was funding—most notably, the pandemic planning industry—even after his empire was revealed to be an outright fraud, are the clearest instance we’ve seen of the modern political machine in all its cynicism.

Both the New York Times and the Washington Post ran articles portraying SBF as a more-or-less honest businessman with a big heart who got tangled up in a bad situation. This is, of course, wildly inaccurate. From the very beginning, SBF had no intention of engaging in honest business. He never owned a dime of the assets he said he did. And in an incredible interview with Vox, he essentially admitted that there were never any good intentions behind his “philanthropic” contributions.

SBF-tweets

But it’s the Washington Post article titled “Before FTX collapse, founder poured millions into pandemic prevention” that’s most astonishing. As Jeffrey Tucker has documented, the Washington Post gushes over the tens of millions of dollars that SBF had donated to the pet left-wing cause of “pandemic prevention:”

FTX-backed projects ranged from $12 million to champion a California ballot initiative to strengthen public health programs and detect emerging virus threats (amid lackluster support, the measure was punted to 2024), to investing more than $11 million on the unsuccessful congressional primary campaign of an Oregon biosecurity expert, and even a $150,000 grant to help Moncef Slaoui, scientific adviser for the Trump administration’s “Operation Warp Speed” vaccine accelerator, write his memoir.

…Ok. But all that money was stolen.

Leaders of the FTX Future Fund, a spinoff foundation that committed more than $25 million to preventing bio-risks, resigned in an open letter last Thursday, acknowledging that some donations from the organization are on hold.

…Ok. But everything we did over the last three years for purposes of “preventing bio-risks” was an abject failure, leading—as was entirely predicted—to countless thousands of deaths due to delayed medical operations, a mental health crisis, drug overdoses, an economic recession, global famine, and hundreds of thousands of excess deaths among young people who were at little to no risk from the virus.

The FTX Future Fund’s commitments included $10 million to HelixNano, a biotech start-up seeking to develop a next-generation coronavirus vaccine; $250,000 to a University of Ottawa scientist researching how to eradicate viruses from plastic surfaces; and $175,000 to support a recent law school graduate’s job at the Johns Hopkins Center for Health Security. “Overall, the Future Fund was a force for good,” said Tom Inglesby, who leads the Johns Hopkins center, lamenting the fund’s collapse. “The work they were doing was really trying to get people to think long-term … to build pandemic preparedness, to diminish the risks of biological threats.”

SBF even played both sides, contributing millions for coverage of the Covid “lab leak theory.”

The Bankman-Frieds’ family foundation in February also committed $5 million to ProPublica, a nonprofit news organization, to support reporting focused on pandemic preparedness and biosecurity, including one-third of the grant delivered upfront. The funding has subsidized several staff and articles — including a high-profile story with Vanity Fair about the possibility that covid leaked from a Chinese laboratory, which frustrated some of the Bankman-Frieds’ pandemic advisers who pointed to criticism of its translations of Mandarin Chinese.

This is, of course, in keeping with a years-long pattern of glowing press on the 30-year-old “crypto king”—whom Forbes had estimated to have a net worth over $15 billion—from the same business journalism outlets that were supposed to be holding him accountable.

We’ve been told not to question which policies billionaires choose to support, because it’s their money. But none of it was his money. It was all stolen.

We’ve been told it doesn’t matter whether the policies the billionaires supported actually worked, because their intentions were good. But here, SBF’s intentions had never been good. He donated the money solely for the purpose of glowing press to further his fraud.

We’ve been told the glowing press for billionaires who support these policies is justified, because the policies help the world. But these pandemics policies never helped the world. They created a man-made human and economic catastrophe, set back human rights by decades and decimated America’s global credibility.

From the earning of the money, to the donating of the money, to the positive press coverage, to the policies the process funded, at no point was there any good intent or positive outcome to any of it. The entire operation was pure, unadulterated evil.

This is the modern political machine in all its stark, inhuman nihilism. Once the machine is fed its priority, whether through fear, fraud, or outright corruption, then all its cogs snap into place—from the politicians and officials to the billionaires and journalists—and the only wrong a person can do is to oppose its priorities. The intent never mattered. The legality never mattered. The truth never mattered. The data never mattered. The results never mattered.

Republished from the author’s Substack

Author

  • Michael Senger

    Michael P Senger is an attorney and author of Snake Oil: How Xi Jinping Shut Down the World. He has been researching the influence of the Chinese Communist Party on the world’s response to COVID-19 since March 2020 and previously authored China’s Global Lockdown Propaganda Campaign and The Masked Ball of Cowardice in Tablet Magazine. You can follow his work on Substack

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Brownstone Institute

The Media Refuses to Accept Covid Reality

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From the Brownstone Institute

By IAN MILLER

By late 2020, the media and public health establishment had two obsessions. One of their obsessions involved forcing the public to wear masks, even though the mountains of data and several studies had already confirmed that they don’t stop the transmission of respiratory viruses. The second obsession was forcing everyone to take Covid vaccines, regardless of their actual efficacy, risk of side effects, age or underlying health, or the vaccines’ rapidly waning efficacy.

Neither of those obsessions has abated, though even the most extreme, hardened Covid extremists have acknowledged that the vaccines were flawed, mandates were a mistake, and side effects should be acknowledged.

The media, unwilling to give up on the increased power, influence, and moral judgment it gained during the pandemic, has refused to accept that it effectively ended years ago.

So it’s no surprise that media outlets have noticed that, as we’ve seen every single summer since 2020, cases have increased, predominantly across the Western and Southern United States. Thankfully though, Los Angeles media, of course it had to be Los Angeles, has determined the culprit.

The Media Refuses to Accept Covid Reality

Turns out it’s not seasonality causing the increase, it’s outdated Covid vaccines and a lack of public masking, of course!

NBC Los Angeles “reported” that Covid cases in California and Los Angeles have “doubled” in the last month. This sounds horrifying and scary, doesn’t it? Yet it again, as is so often the case with Covid coverage, is misleading.

Let’s take a look at the current daily average of new cases in Los Angeles County:

Cases are so low they’re functionally indistinguishable from zero.

You can see why the media is scared, given how dramatic this surge appears to be compared to those in the previous four years. And thanks to NBC’s crack reporting and expert analysis, we know why this terrifying increase is happening. Spoiler alert: it’s all your fault that you haven’t controlled an uncontrollable respiratory virus with individual behavior that has no impact whatsoever on the spread of the coronavirus.

“People aren’t necessarily wearing masks; they’re not required to in certain places,” nurse practitioner Alice Benjamin, referenced as an expert by NBA LA said. “We’re traveling, we’re getting out for the summer. We also do have some reduced immunity. The vaccines will wane over time.”

Nowhere in the story is it mentioned that the massive jump in Covid cases in late 2021 and early 2022 happened immediately after LA County Public Health issued a press release celebrating the county for achieving 95+ percent masking rates at indoor businesses. No one seems willing or able to ask this nurse practitioner why she believes wearing masks would reduce this “surge,” if it failed so spectacularly in previous surges.

Endless Misinformation from ‘Experts’

She wasn’t done with the misinformation though. Benjamin warned that not enough Angelenos are getting the “updated” vaccine, which explains the summer increase.

“If you got it in October and later, that’s generally the updated vaccine,” Benjamin said. “If you got it prior to October, double check because if you did get the bivalent which has not been phased out, we recommend you do get an updated vaccine.”

And according to her, everyone should get it. Because the CDC said so.

“Per CDC recommendations, anyone 6 months or older should have at least one of the updated Covid vaccines,” Benjamin said.

Though, of course, no one on the crack NBC Los Angeles team thought to ask Benjamin why the “updated” October vaccine would help against the now common FLiRT variant when it emerged six months after the “updated” vaccine was released. Especially when the “study” process for booster doses is effectively nonexistent anyway. Pfizer and Moderna churn out a “targeted” dose that is supposed to protect against a variant that’s no longer circulating, never has to show any real-world benefit, and the regulatory agencies sign off on it, while the CDC recommends everyone get it.

Rinse, repeat.

Nor did anyone ask her what possible rationale there could be for forcing six-month-old babies to get vaccinated with a booster that has no studied efficacy against the currently circulating variant.

Her comments and the media reaction exemplify the problems with Covid discourse that started in 2020 and will apparently continue forever. A complete and purposeful ignorance of the facts, the data, and the evidence base. A willingness to advocate for the same sort of restrictions and interventions that have already failed. Ignorance of the booster process and endless appeals to public health authorities. Even though those authorities have made countless mistakes and refused to update their findings after being proven wrong.

The obvious question is: How does this type of absurdist discourse ever end? The answer, as we continue to see, is it doesn’t.

Republished from the author’s Substack

Author

Ian Miller is the author of “Unmasked: The Global Failure of COVID Mask Mandates.” His work has been featured on national television broadcasts, national and international news publications and referenced in multiple best selling books covering the pandemic. He writes a Substack newsletter, also titled “Unmasked.”

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Brownstone Institute

The Pandemic Excuse for a Corporatist Coup

Published on

From the Brownstone Institute

By Jeffrey A. Tucker

We’ve just come across a document hosted by the Department of Homeland Security, posted March 2023, but written in 2007, that amounts to a full-blown corporatist imposition on the US, abolishing anything remotely resembling the Bill of Rights and Constitutional law. It is right there in plain sight for anyone curious enough to dig.

There is nothing in it that you haven’t already experienced with lockdowns. What makes it interesting are the participants in the forging of the plan, which is pretty much the whole of corporate America as it stood in 2007. It was a George W. Bush initiative. The conclusions are startling.

“Quarantine is a legally enforceable declaration that a government body may institute over individuals potentially exposed to a disease, but who are not symptomatic. If enacted, Federal quarantine laws will be coordinated between CDC and State and local public health officials, and, if necessary, law enforcement personnel…The government may also enact travel restrictions to limit the movement of people and products between geographic areas in an effort to limit disease transmission and spread. Authorities are currently reviewing possible plans to curtail international travel upon a pandemic’s emergence overseas.

“Limiting public assembly opportunities also helps limit the spread of disease. Concert halls, movie theaters, sports arenas, shopping malls, and other large public gathering places might close indefinitely during a pandemic—whether because of voluntary closures or government-imposed closures. Similarly, officials may close schools and non-essential businesses during pandemic waves in an effort to significantly slow disease transmission rates. These strategies aim to prevent the close interaction of individuals, the primary conduit of spreading the influenza virus. Even taking steps such as limiting person-to-person interactions within a distance of three feet or avoiding instances of casual close contact, such as shaking hands, will help limit disease spread.”

There we have it: the pandemic plans. They once seemed abstract. In 2020, they became very real. Your rights were deleted. No more freedom even to have house guests. In those days, the rule was to enforce only three feet of distance rather than six feet of distance, neither of which had any basis in science. Indeed, the actual scientific literature even at that time recommended against any physical interventions designed to limit the spread of respiratory viruses. They were known not to work. The entire profession of public health accepted that.

Therefore, for many years before lockdowns wrecked economic functioning, there had been two parallel tracks in operation, one intellectual/academic and one imposed by state/corporate managers. They had nothing to do with each other. This situation persisted for the better part of 15 years. Suddenly in 2020, there was a reckoning, and the state/corporate managers won it. Seemingly out of nowhere, liberty as we have long known it was gone.

Back in 2005, I first came across a Bush administration scheme, an early draft of the above, that would have ended freedom as we know it. It was a scheme for combating the bird flu, which officials back then imagined would involve universal quarantines, business and event closures, travel restrictions, and more.

wrote: “Even if the flu does come, and taxpayers have coughed up, the government will surely have a ball imposing travel restrictions, shutting down schools and businesses, quarantining cities, and banning public gatherings…It is a serious matter when the government purports to plan to abolish all liberty and nationalize all economic life and put every business under the control of the military, especially in the name of a bug that seems largely restricted to the bird population. Perhaps we should pay more attention. Perhaps such plans for the total state ought to even ruffle our feathers a bit.”

For years I wrote about this topic, trying to get others interested. It was all there in black and white. At the drop of a hat, under the guise of a pandemic that only state managers can declare, real or drummed up, freedom itself could be abolished. These plans were never legislated, debated, or publicly discussed. They were simply posted as the result of various consultations with experts, who worked out their totalitarian fantasies as if scripting a Hollywood film.

The 2007 blueprint is more explicit than anything I’ve seen. It comes from the National Infrastructure Advisory Council, which “includes executive leaders from the private sector and state/local government who advise the White House on how to reduce physical and cyber risks and improve the security and resilience of the nation’s critical infrastructure sectors. The NIAC is administered on behalf of the President in accordance with the Federal Advisory Committee Act under the authority of the Secretary of the US Department of Homeland Security.”

And who sat on this committee in 2007 that decided that governments “may close schools and non-essential businesses”? Let us see.

  • Mr. Edmund G. Archuleta, General Manager, El Paso Water Utilities
  • Mr. Alfred R. Berkeley III, Chairman and CEO, Pipeline Trading Group, LLC, and former President and Vice Chairman of NASDAQ
  • Chief Rebecca F. Denlinger, Fire Chief, Cobb County (Ga.) Fire and Emergency Services
  • Chief Gilbert G. Gallegos, Police Chief (ret.), City of Albuquerque, N.M. Police Department
  • Ms. Martha H. Marsh, President and CEO, Stanford Hospital and Clinics
  • Mr. James B. Nicholson, President and CEO, PVS Chemical, Inc.
  • Mr. Erle A. Nye, Chairman Emeritus, TXU Corp., NIAC Chairman
  • Mr. Bruce A. Rohde, Chairman and CEO Emeritus, ConAgra Foods, Inc.
  • Mr. John W. Thompson, Chairman and CEO, Symantec Corporation
  • Mr. Brent Baglien, ConAgra Foods, Inc.
  • Mr. David Barron, Bell South
  • Mr. Dan Bart, TIA
  • Mr. Scott Blanchette, Healthways
  • Ms. Donna Burns, Georgia Emergency Management Agency
  • Mr. Rob Clyde, Symantec Corporation
  • Mr. Scott Culp, Microsoft
  • Mr. Clay Detlefsen, International Dairy Foods Association
  • Mr. Dave Engaldo, The Options Clearing Corporation
  • Ms. Courtenay Enright, Symantec Corporation
  • Mr. Gary Gardner, American Gas Association
  • Mr. Bob Garfield, American Frozen Foods Institute
  • Ms. Joan Gehrke, PVS Chemical, Inc.
  • Ms. Sarah Gordon, Symantec
  • Mr. Mike Hickey, Verizon
  • Mr. Ron Hicks, Anadarko Petroleum Corporation
  • Mr. George Hender, The Options Clearing Corporation
  • Mr. James Hunter, City of Albuquerque, NM Emergency Management
  • Mr. Stan Johnson, North American Electric Reliability Council (NERC)
  • Mr. David Jones, El Paso Corporation
  • Inspector Jay Kopstein, Operations Division, New York City Police Department (NYPD)
  • Ms. Tiffany Jones, Symantec Corporation
  • Mr. Bruce Larson, American Water
  • Mr. Charlie Lathram, Business Executives for National Security (BENS)/BellSouth
  • Mr. Turner Madden, Madden & Patton
  • Chief Mary Beth Michos, Prince William County (Va.) Fire and Rescue
  • Mr. Bill Muston, TXU Corp.
  • Mr. Vijay Nilekani, Nuclear Energy Institute
  • Mr. Phil Reitinger, Microsoft
  • Mr. Rob Rolfsen, Cisco Systems, Inc.
  • Mr. Tim Roxey, Constellation
  • Ms. Charyl Sarber, Symantec
  • Mr. Lyman Shaffer, Pacific Gas and Electric,
  • Ms. Diane VanDeHei, Association of Metropolitan Water Agencies (AMWA)
  • Ms. Susan Vismor, Mellon Financial Corporation
  • Mr. Ken Watson, Cisco Systems, Inc.
  • Mr. Greg Wells, Southwest Airlines
  • Mr. Gino Zucca, Cisco Systems, Inc.
  • Department of Health and Human Services (HHS) Resources
  • Dr. Bruce Gellin, Rockefeller Foundation
  • Dr. Mary Mazanec
  • Dr. Stuart Nightingale, CDC
  • Ms. Julie Schafer
  • Dr. Ben Schwartz, CDC
  • Department of Homeland Security (DHS) Resources
  • Mr. James Caverly, Director, Infrastructure Partnerships Division
  • Ms. Nancy Wong, NIAC Designated Federal Officer (DFO)
  • Ms. Jenny Menna, NIAC Designated Federal Officer (DFO)
  • Dr. Til Jolly
  • Mr. Jon MacLaren
  • Ms. Laverne Madison
  • Ms. Kathie McCracken
  • Mr. Bucky Owens
  • Mr. Dale Brown, Contractor
  • Mr. John Dragseth, IP attorney, Contractor
  • Mr. Jeff Green, Contractor
  • Mr. Tim McCabe, Contractor
  • Mr. William B. Anderson, ITS America
  • Mr. Michael Arceneaux, Association of Metropolitan Water Agencies (AMWA)
  • Mr. Chad Callaghan, Marriott Corporation
  • Mr. Ted Cromwell, American Chemistry Council (ACC)
  • Ms. Jeanne Dumas, American Trucking Association (ATA)
  • Ms. Joan Harris, US Department of Transportation, Office of the Secretary
  • Mr. Greg Hull, American Public Transportation Association
  • Mr. Joe LaRocca, National Retail Federation
  • Mr. Jack McKlveen, United Parcel Service (UPS)
  • Ms. Beth Montgomery, Wal-Mart
  • Dr. J. Patrick O’Neal, Georgia Office of EMS/Trauma/EP
  • Mr. Roger Platt, The Real Estate Roundtable
  • Mr. Martin Rojas, American Trucking Association (ATA)
  • Mr. Timothy Sargent, Senior Chief, Economic Analysis and Forecasting Division, Economic and Fiscal Policy Branch, Finance Canada

In other words, big everything: food, energy, retail, computers, water, and you name it. It’s a corporatist dream team.

Consider ConAgra itself. What is that? It is Banquet, Chef Boyardee, Healthy Choice, Orville Redenbacher’s, Reddi-Wip, Slim Jim, Hunt’s Peter Pan Egg Beaters, Hebrew National, Marie Callender’s, P.F. Chang’s, Ranch Style Beans, Ro*Tel, Wolf Brand Chili, Angie’s, Duke’s, Gardein, Frontera, Bertolli, among many other seemingly independent brands that are all actually one company.

Now, ask yourself: why might all these companies favor a plan for lockdowns? Why might WalMart, for example? It stands to reason. Lockdowns are a massive interference with competitive capitalism. They provide the best possible subsidy to big business while shutting down independent small businesses and putting them at a huge disadvantage once the opening up happens.

In other words, it is an industrial racket, very much akin to interwar-style fascism, a corporatist combination of big business and big government. Throw pharma into the mix and you see exactly what came to pass in 2020, which amounted to the largest transfer of wealth from small and medium-sized business plus the middle class to wealthy industrialists in the history of humanity.

The document is open even about managing information flows: “The public and private sectors should align their communications, exercises, investments, and support activities absolutely with both the plan and priorities during a pandemic influenza event. Continue data gathering, analysis, reporting, and open review.”

There is nothing in any of this that fits with any Western tradition of law and liberty. Nothing. It was never approved by any democratic means. It was never part of any political campaign. It has never been the subject of any serious media examination. No think tank has ever pushed back on such plans in any systematic way.

The last serious attempt to debunk this whole apparatus was from D.H. Henderson in 2006. His two co-authors on that paper eventually came around to going along with lockdowns of 2020. Henderson died in 2016. One of the co-authors of the original article told me that if Dr. Henderson had been around, instead of Dr. Fauci, the lockdowns would never have taken place.

Here we are four years following the deployment of this lockdown machinery, and we are witness to what it destroys. It would be nice to say that the entire apparatus and theory behind it have been fully discredited.

But that is not correct. All the plans are still in place. There have been no changes in federal law. Not one effort has been made to dismantle the corporatist/biosecurity planning state that made all this possible. Every bit of it is in place for the next go-around.

Much of the authority for this whole coup traces to the Public Health Services Act of 1944, which was passed in wartime. For the first time in US history, it gave the federal government the power to quarantine. Even when the Biden administration was looking for some basis to justify its transportation mask mandate, it fell back to this one piece of legislation.

If anyone really wants to get to the root of this problem, there are decisive steps that need to be taken. The indemnification of pharma from liability for harm needs to be repealed. The court precedent of forced shots in Jacobson needs to be overthrown. But even more fundamentally, the quarantine power itself has to go, and that means the full repeal of the Public Health Services Act of 1944. That is the root of the problem. Freedom will not be safe until it is uprooted.

As it stands right now, everything that unfolded in 2020 and 2021 can happen again. Indeed, the plans are in place for exactly that.

Author

Jeffrey Tucker is Founder, Author, and President at Brownstone Institute. He is also Senior Economics Columnist for Epoch Times, author of 10 books, including Life After Lockdown, and many thousands of articles in the scholarly and popular press. He speaks widely on topics of economics, technology, social philosophy, and culture.

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