Mercedes

Big PictureEconomics

The insanity of measures

20 Aug 2021 2 month(s) ago

The covid crisis has shown that we believe the measurement of reality is more real than reality itself.

We now live in a world where the measures of reality are considered more important than reality. That has long been the case in economics and finance, something of which investors should always be aware. Economists and financiers measure transactions. Then, in a sort of Alice in Wonderland flip, transactions are treated as the first reality. But they actually occur after the fact. First, the value of something is created, and only then does buying and selling follow.

That transaction trap has been with us for a long time. For the last 18 months we have been in another measurement prison: coronavirus ‘cases’. We have been told that these are exploding, causing a global pandemic. The corona virus is not novel -- they have been 73 patents on them since 2003 – but this measurement crisis is.

So let’s ask some basic questions. We are 'following the science, right? What do scientists do? Measure stuff. Are the measurements of infection they are using sound? No.

The inventor, Kary Mullis, said not to use the PCR kit (for which he won a Nobel Prize) in that way, Anthony Fauci said in an interview, jocularly, that using it at 40 cycles is meaningless (New South Wales is using 40-45 cycles). The WHO has advised that people read the instructions for use first before using it (one wonders what they were doing before) and that it produces false positives.

The CDC admits they never had a quantifiable specimen to model, so they mimicked it. They said in July this year that they used models of old coronaviruses, possibly the common cold, from their data banks:

"Since no quantified virus isolates of the 2019-nCoV are currently available, assays designed for detection of the 2019-nCoV RNA were tested with characterized stocks ... to mimic clinical specimen”.

The CDC approved 59 PCR test kits, each with a different guess of what Sars-Cov-2 is. The CDC has announced it is withdrawing the use of the PCR test under emergency use authorisation at the end of the year (which might be when the ‘pandemic’ disappears). The CDC is even implying that flu cases (the flu has all but disappeared) and Covid cases are all rolled into one when the PCR kit is used:

“CDC encourages laboratories to consider adoption of a multiplexed method that can facilitate detection and differentiation of SARS-CoV-2 and influenza viruses. Such assays can facilitate continued testing for both influenza and SARS-CoV-2 and can save both time and resources as we head into influenza season.”

The PCR test takes too small a slice of the gene to distinguish between live and dead viruses, as professor Ulrike Kämmerer from the University of Wurzburg explains:

“PCR can never decide if the whole virus genome is in the sample because it only detects a small piece of the whole gene. Because the target organism is destroyed for the analysis the PCR test can never tell you if the virus or the target in the sample is really infectious or if it is the type of virus able to replicate.

“PCR is not a good test to judge on flu like diseases ... it can’t tell if you are infectious because you can only amplify a small piece of the gene. This small piece of the gene can be derived from a really infectious virus but it can also be derived from a virus which was killed by your immune system. These small pieces of virus genome can stay in the cells for a very long time. The PCR cannot judge on infectivity.”

The measurement of covid 'cases' is rubbish, in other words. Yet it is being used to lock down Australia, completely transform democratic societies the world over, and deeply harm businesses and society. That the legacy media has not said a word about the problem (it is easy enough to track how nonsensical it is from official sources) is a devastating failure to do their jobs properly. Instead, they have just churned out fear stories based on measures of ‘cases’ – took the easy way out, in other words.

Investors should realise that assessing the direction of markets means assessing how we are being seduced more and more by measures. The measures should be scrutinised closely to see if they do what they are supposed to do. And the hypnosis of measures should also be looked at closely to get some sense of what irrational turn the human race will take next.

 

 

Reader note: This is general reporting only and should not be considered in any way to be investment or tax advice. It does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. For more information please read our disclosure statement.

 

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