“Hard Lessons”: Scathing New Report Counts the Cost of Extreme COVID-19 Lockdowns

From 1.8 million years of life lost in Australia to almost a trillion dollars of financial costs, the COVID-19 lockdowns over the past three years have cost Australians far more than they have delivered. That’s according to a new research analysis by the Institute of Public Affairs.

We all probably suspected that the costs of COVID-19 lockdowns would be gigantic. However, time and time again, governments assured us that they were doing what was necessary to keep us safe.

A recent report by the Institute of Public Affairs (IPA) has called this claim into question by attempting to calculate the”‘economic, social and humanitarian costs of zero-COVID”. The document is entitled Hard Lessons: Reckoning the Economic, Social, and Humanitarian Costs of Zero-COVID and can be found on the IPA’s website.

The study is not the first to do so, however. In September 2021, a critical assessment of COVID data, published in the International Journal of the Economics of Business, concluded that the lockdowns would ultimately cost more lives than they saved.

As the authors of the new IPA report highlight, people often juxtapose “lives” and “the economy” when arguing about the cost of lockdowns. However, the authors point out that this is a false contrast:

“It is important to note that this is not about ‘lives’ vs ‘the economy’. The lives impacted by covid-19 are no more or less valuable than lives harmed by the response to covid-19. This report demonstrates that far more years of life will be lost due to the restrictions than have been saved.

Thus, on a metric focused solely on the number of lives saved/lost, the strict restrictions were a failure. In addition to this, the response to Covid-19 has caused a significant reduction to the net mental wellbeing, economic prosperity, and educational levels of society.”

The research was written by Morgan Begg, the Director of the Legal Rights Program at the Institute of Public Affairs, and Daniel Wild, the Deputy Executive Director at the Institute of Public Affairs, and its findings are scathing.

Lockdowns Do Not Work

The report doesn’t mince words: “Lockdowns did not work,” it states bluntly. The aggressive measures found in Australia were “enabled” by “alarmist modelling” at the start of the pandemic based on a series of faulty assumptions.

“The logic of locking down to save lives is based on the intuitive assumption that restricting the movement of people will reduce the transmission in the community of an infectious disease.

It is simplistic and myopic in that it assumes that totalitarian controls can be exercised over human behaviour without the detrimental costs of the lockdowns outweighing the benefits.”

The research found that the years of life lost through lockdowns dramatically outweighed the number of lives saved by them:

“There is a positive correlation between employment and life expectancy. Unemployment reduces life expectancy due to a number of well-documented causes, including cardiovascular disease; increased illicit substance and alcohol abuse, and suicide.

The modelling in this report shows that the costs of joblessness and not working as a result for (sic) the first nationwide lockdowns in March and April 2020 were 31 times greater than the maximum possible benefits of all lockdowns throughout 2020 and 2021. The nationwide lockdowns imposed in March and April 2020 accounted for a total of over 1.8 million years of life lost due to joblessness alone.”

Staggering Costs

While lives saved or lost is, of course, the most important metric for measuring the effectiveness of the lockdowns, the study also examined the financial costs of the unprecedented restrictions.

It measured “net direct economic cost” and “state and federal government spending” as well as the “aggregated cost of the inflationary effects of zero-covid policies”. In total, the authors estimate a total cost of over $938 billion.

The final measured cost of the lockdowns in the study was their “significant” impact on students. The authors concluded:

“This detriment was most pronounced in Victoria, where students missed more than five terms of in-person schooling, which resulted in Year 9 students falling behind by the equivalent of 12 weeks and 17 weeks of reading and numeracy skills, respectively.”

The report’s findings are certainly not unexpected for many people. Nevertheless, they make for sober reading. And, appropriately, the researchers noted that there “are numerous socio-economic, recreational, lifestyle, and mental health harms as a consequence of lockdown measures which have not yet been fully quantified but will be a significant ongoing cost of zero-covid.”

Millions of Australians are experiencing ongoing harm, setbacks and trauma because of the extended and unnecessary lockdowns governments inflicted upon them.

The cost can never be fully calculated.

___

Photo by EVG Kowalievska.

Thank the Source

Aussie doctor blows whistle on entire Covid scamdemic at Covid Medical Network seminar

Aussie doctor blows whistle on entire Covid scamdemic at Covid Medical Network seminar

Dr Phillip Altmann exposes the entire Australian medical/political nexus. He warns against so-called covid mRNA vaxx and puts the political party duopoly right in his sights. Without doubt the best homespun doco we have seen from a highly qualified doctor who deserves a medal.

About Editor, cairnsnews

One of the few patriots left who understands the system and how it has been totally subverted under every citizen’s nose. If we can help to turn it around we will, otherwise our children will have nothing. Our investigations show there is no ‘government’ of the people for the people of Australia. The removal of the Crown from Australian Parliaments, followed by the incorporation of Parliaments aided by the Australia Act 1987 has left us with corporate government with policies not laws, that apply only to members of political parties and the public service. There is no law, other than the Common Law. This fact will be borne out in the near future as numerous legal challenges in place now, come to a head soon.

Source

The cost to Australia of the Covid scamdemic

The cost to Australia of the Covid scamdemic

Letter to the Editor

The Institute of Public Affairs recently conducted an investigation of the economic and social cost of the Covid scamdemic.

https://www.nutritruth.org/single-post/australia-s-covid-response-cost-934-8-billion-and-resulted-in-31-x-more-life-years-lost-than-were-s

The direct economic, fiscal and inflationary cost of pandemic measures stand at $938.4 billion as at the end of the 2021-22 financial year.

The authors calculate the total cost of Australia’s pandemic response by assessing net direct economic cost ($2.49 billion), government spending ($595.8 billion), and the cost of inflation arising from zero-covid measures.

This estimate is conservative, as it only accounts for direct costs. Examples of costs not included: extra policing resources to enforce public health directions, and costs of transitioning public sector workers to work from home. This estimate accounts for the period from March 2020 to June 2022. Australia can expect to surpass the trillion dollar mark as the Covid response continues, which the trending hashtag #covidisnotover (favoured by Twitter white coats and health policy spokespeople) indicates that it will do for some time yet.

Just the tip of the iceberg as to what else is in the report. Here is link to the Report, roughly 30 pages, pretty damning.

from Blisskit

Queensland

About Editor, cairnsnews

One of the few patriots left who understands the system and how it has been totally subverted under every citizen’s nose. If we can help to turn it around we will, otherwise our children will have nothing. Our investigations show there is no ‘government’ of the people for the people of Australia. The removal of the Crown from Australian Parliaments, followed by the incorporation of Parliaments aided by the Australia Act 1987 has left us with corporate government with policies not laws, that apply only to members of political parties and the public service. There is no law, other than the Common Law. This fact will be borne out in the near future as numerous legal challenges in place now, come to a head soon.

Source

NYC: The Purge of Teachers

NYC: The Purge of Teachers

Why would NYC push experienced teachers out of the classroom in the middle of a teacher shortage?

In the middle of a teacher shortage, New York City has axed almost 2000 teachers and classroom aides for not being vaccinated.

It’s madness. And you have to ask yourself why.

The vaccine mandate for teachers took effect from October 29, 2021. Unvaccinated staff were given until September 5, 2022 to be vaccinated or else be “deemed to have voluntarily resigned”.

Voluntarily resigned is, of course, a euphemism for “sacked”.

Booted

As a result, a couple of thousand experienced teachers and aides, all of them perfectly healthy, have been forced out of the education system, with schools unable to replace them.

It makes no sense.

We know that children are at virtually no risk from the virus.

We know that the Covid vaccines do not prevent infection or transmission of the virus.

We also know the shot can cause serious, even deadly, side effects.

So why this intransigent insistence of no jab, no job?

One only conclude that vaccine mandates are now not about science or health. They are about ideological purity.

To put it bluntly, it’s an ideological purge.

We went from “two weeks to flatten the curve” to “show me your papers” in less than 12 months. As one wag noted, “I did Nazi that coming.”

Against Public Health Advice

And Democrat-run states are determined to continue this way, despite advice from the CDC that there is now no reason to treat the vaccinated and unvaccinated differently.

How else to understand the education department’s stance other than that those teachers who refuse the vaccine represent a challenge to authority?

At this point, the vaccine mandate on teachers has nothing to do with the vaccine and everything to do with ensuring that classroom teachers are willing to fall into line and to do what they are told, how they are told.

After all, if they’ll challenge the vaccine, they’ll challenge the curriculum. Therefore they must go.

If I’m wrong, and I may well be, how else do you explain sacking 2,000 experienced teachers in the middle of a teacher shortage for refusing to get a vaccine that stops infection or transmission of what is, for the overwhelming percentage of the population and for almost 100 per cent of young people, a mild flu?

___

Originally published at The James Macpherson Report.

Subscribe to his Substack here for daily witty commentary.
Photo by Andrea Piacquadio.

Thank the Source

NYC: The Purge of Teachers

Why would NYC push experienced teachers out of the classroom in the middle of a teacher shortage?

In the middle of a teacher shortage, New York City has axed almost 2000 teachers and classroom aides for not being vaccinated.

It’s madness. And you have to ask yourself why.

The vaccine mandate for teachers took effect from October 29, 2021. Unvaccinated staff were given until September 5, 2022 to be vaccinated or else be “deemed to have voluntarily resigned”.

Voluntarily resigned is, of course, a euphemism for “sacked”.

Booted

As a result, a couple of thousand experienced teachers and aides, all of them perfectly healthy, have been forced out of the education system, with schools unable to replace them.

It makes no sense.

We know that children are at virtually no risk from the virus.

We know that the Covid vaccines do not prevent infection or transmission of the virus.

We also know the shot can cause serious, even deadly, side effects.

So why this intransigent insistence of no jab, no job?

One only conclude that vaccine mandates are now not about science or health. They are about ideological purity.

To put it bluntly, it’s an ideological purge.

We went from “two weeks to flatten the curve” to “show me your papers” in less than 12 months. As one wag noted, “I did Nazi that coming.”

Against Public Health Advice

And Democrat-run states are determined to continue this way, despite advice from the CDC that there is now no reason to treat the vaccinated and unvaccinated differently.

How else to understand the education department’s stance other than that those teachers who refuse the vaccine represent a challenge to authority?

At this point, the vaccine mandate on teachers has nothing to do with the vaccine and everything to do with ensuring that classroom teachers are willing to fall into line and to do what they are told, how they are told.

After all, if they’ll challenge the vaccine, they’ll challenge the curriculum. Therefore they must go.

If I’m wrong, and I may well be, how else do you explain sacking 2,000 experienced teachers in the middle of a teacher shortage for refusing to get a vaccine that stops infection or transmission of what is, for the overwhelming percentage of the population and for almost 100 per cent of young people, a mild flu?

___

Originally published at The James Macpherson Report.

Subscribe to his Substack here for daily witty commentary.
Photo by Andrea Piacquadio.

Thank the Source

Covid vaxx killing and injuring kids across Europe

Covid vaxx killing and injuring kids across Europe

by Brian Shilhavy
Editor, Health Impact News

Some of the strongest evidence that the COVID-19 vaccines have caused crippling injuries and huge numbers of deaths in the vaccinated population have come from funeral home directors who have reported huge spikes in deaths in their business that correlate with the roll-out of the COVID-19 vaccines and mandates.

There is strong social and financial pressure against these professionals to go public, but a few have stood firm against this pressure, knowing that these truths must be brought to the attention of the public in an effort to save lives, no matter what the personal cost may be to themselves or their careers.

Two of these funeral directors have been featured in the Alternative Media this year, and they are John O’Looney from the UK, and Richard Hirschman from Alabama in the U.S. Both men have confirmed that other funeral directors in their profession are seeing the same things they are seeing, but are too afraid to go public.

Besides reporting on the huge increase in deaths they have been seeing since the roll out of the COVID vaccines, the embalmers have been reporting what they are finding inside the veins and arteries of these dead bodies: huge “blood clots” that do not resemble traditional blood clots at all, but are long fibrous entities that can completely block a vein or artery.

Richard Hirschman, who has been a licensed embalmer for over 21 years and has embalmed thousands of bodies, said in a recent interview with the RAIR Foundation that while he was accustomed to seeing blood clots in 5 to 10% of the bodies he embalmed, that now he is seeing almost 85% of the bodies he is embalming have blood clots, which started after the roll out of the COVID vaccines, and that these “blood clots” are nothing like he has ever seen before.

Dr. Jane Ruby was apparently the first one to interview Richard Hirschman earlier this year, and she put him in contact with Mike Adams of Natural News, who among his many talents is a forensic food scientist, and in 2016 he did something that to my knowledge no one else in the world has done, and that was to earn the highest standard of international laboratory accreditation for his forensic food lab, ISO 17025, as a completely independent scientist with no ties to the government or any other institution, allowing him to test and investigate whatever he wanted to.

He invested millions of dollars of his own money into the equipment of this laboratory, and is completely independent from outside funding sources, allowing him to truly “follow the science” without worrying about satisfying outside investors or government agencies. See:

Alternative Health Scientist Receives ISO Accreditation for Lab – Challenges “Science Elite” for Science Freedom

Richard Hirschman then proceeded to send him some samples of these “blood clots,” and Adams performed laboratory testing on them and compared them to “normal” blood clots.

Adams actually did an analysis of these strange “blood clots” live on the Alex Jones show back in June, and then also revealed what his analysis found in a more recent appearance on the Infowars network.

What he discovered is truly amazing, and I have put together a video that features the testimony of Richard Hirschman, and the work of Mike Adams, including his live demonstration on the Alex Jones show, and this is one video you are most certainly going to want to watch.

I did my best to condense it down to the essential facts, and it is just under 44 minutes, but I guarantee you it is well worth your time to invest in watching the entire 44 minutes.

It starts with a brief testimony from John O’Looney who shows a jar containing one of these huge “blood clots” that was taken from the aorta of a person who died, and then has a brief overview of what is covered in the rest of the video from Dan Skorbach of Frontline Health, an Epoch Times TV program, and then excerpts from the recent Richard Hirschman interview which contains some amazing photos and even video clips, followed by the work of Mike Adams and his laboratory analysis, including his live demonstration on the Alex Jones show.

At the end of the video, you will hear an ominous warning from Mike Adams about the immediate future and potential devastating effects these “blood clots” are going to have on the vaccinated, and then also a short clip from a recent interview with Dr. Sherri Tenpenny, who as a researcher and doctor comes to the same conclusion as Adams, and issues a serious warning about what is coming next among those who took the COVID vaccines.

https://healthimpactnews.com/2022/eu-begins-europe-wide-investigation-into-700-to-1600-increase-in-excess-deaths-among-children-

Source

WHO is despondent there is not much interest in new vaccines rolled out on September 1

WHO is despondent there is not much interest in new vaccines rolled out on September 1

by Alison Ryan

The statement by WHO, released on 22 September 2022, indicates that the G20 initiative ACT-Accelerator and their Council Tracking and Accelerating Progress working group, co-chaired by Indonesia and the United States, are “despondent that interest in the new vaccines, rolled out on September 1, has “stagnated”” (merylnass.substack.com/p/no-time-for-covid-complacency-says).

WHO Director General Tedros Ghebreyesus, tied to Ehtiopian terrorist group.

“No time for COVID-19 complacency, say the key countries, Indonesia and the United States, responsible for tracking global rollout of COVID-19 vaccines, tests and treatments” (www.who.int/news/item/22-09-2022-no-time-for-covid-19-complacency–say-key-countries-responsible-for-tracking-global-rollout-of-covid-19-vaccines–tests-and-treatments).

They still theorize that the “global threat” of COVID-19 is far from over, particularly for high-risk groups in lower-income countries, and according to their most recent Global COVID Access Tracker data, around a quarter of those most vulnerable globally still need a primary COVID-19 vaccination series (24% of elderly persons and 26% of health workers).

The medical crime lies within their conclusions that, “The swift, equitable roll-out of vaccines, tests, and treatments is crucial to help countries combat COVID-19. Without adequate testing and sequencing, the world is blind to the evolution of the virus and potential new variants. People in low and middle-income countries continue to die due to a lack of access to antiviral treatments and oxygen. We must push on for equitable access to COVID-19 tools, despite multiple competing priorities.”

http://www.who.int/news/item/22-09-2022-no-time-for-covid-19-complacency–say-key-countries-responsible-for-tracking-global-rollout-of-covid-19-vaccines–tests-and-treatments

And, of course, the lead partner agencies of ACT-Accelerator, CEPI, FIND, Gavi, The Global Fund, UNICEF, Unitaid, Wellcome, WHO, the World Bank and The Bill & Melinda Gates Foundation, are “the only global, end-to-end solution” to the pandemic that never ended “as a global emergency in 2022”.

Source

Tighten your belts the Reserve Bank says it is broke thanks to Covid scamdemic and note printing

by Alison Ryan

Australia’s Central Bank Says It Is Bust, Real Money new, Sep 21, 2022.
After the Australian fiscal year ended in June, the Reserve Bank of Australia marked its bond holdings to market – wiping out all its reserves.

The central bank of Australia on Wednesday made the astonishing admission that it is, basically, bust. Its entire equity has been wiped out by pandemic-related bond buying.

Of course, the Reserve Bank of Australia is a central bank, and can print money. So it can work its way out of a situation that would bankrupt a conventional bank or company.

Still, as the U.S. Federal Reserve meets today on interest rates, it’s an interesting insight into the challenges other central bankers face as they attempt to reconcile Covid stimulus with post-Covid inflation and economic emergence.

The RBA began its bond-purchase program in November 2020 as a second stimulus package in response to the pandemic. The first round of measures saw it slash rates to record lows, and set up a term funding facility offering cheap three-year funding to banks. For the bond buying, the central bank bought Australian government bonds and semi-government securities in the secondary market to lower interest rates on bonds maturing between five and 10 years out.

The program was extended, and extended, and extended yet again. Ultimately, the RBA bought A$281 billion (US$188 billion) in national, state and territory government bonds.

Now the bill has come due.

The RBA will announce its full-year results for the Australian fiscal year through June 30 in a month or so. But they won’t be pretty.

The central bank has had to mark the value of its holdings to market, resulting in a A$44.9 billion (US$30.0 billion) valuation loss. Offset by A$8.2 billion (US$5.5 billion) in underlying earnings from the central bank’s holdings, and it is posting a net loss of A$36.7 billion (US$24.5 billion).

That has exhausted the bank’s A$15.4 billion reserve fund and A$8.4 billion in other reserves, and then some. So the RBA is in negative equity to the tune of A$12.4 billion (US$8.3 billion).

“If any commercial entity had negative equity, assets would be insufficient to meet liabilities, and therefore the company would not be a going concern,” RBA Deputy Governor Michele Bullock explains in outlining the central bank’s situation. “But central banks are not like commercial entities.”

The RBA has a government guarantee against its liabilities, meaning “there are no going concern issues with a central bank in a country like Australia,” she says by way of reassurance. And of course the central bank can simply print more money, so “the Bank can continue to meet its obligations as they become due and so is not insolvent. The negative equity position will, therefore, not affect the ability of the Reserve Bank to do its job.”

A license to print money to get out of that kind of problem is never, however, going to be good news for your currency. And indeed, the Aussie dollar has lost 13.6% of its value against the U.S. dollar since early April. Look back 18 months, and the decline in what some Aussies joking call the “Pacific peso” is 19.5%.

It’s a far cry, with US$1 now buying you A$1.50, from 2013, when the Aussie dollar briefly rose above parity to become stronger than its U.S. counterpart. However, the Australian government was forced to inject cash into the central bank in 2013 because it had suffered losses on its foreign-currency reserves. The RBA notes it’s not requesting any cash injection now.

With interest rates rising in Australia, the RBA is in the unenviable position of having to pay out higher interest on its liabilities than it is able to earn on the bonds and other assets it has been buying. “In other words, underlying earnings are negative,” Bullock says. “It is difficult to be precise about how long this situation will last or how big these negative earnings will be.”

On the plus side, having marked to market at June 30, the central bank finds that its bond holdings are now valued below their face value at maturity. As a result, it should be making capital gains as the bonds come due. The RBA is now going to run its bond portfolio back down.

The RBA slashed rates to a record low of 0.1% in November 2020. The Aussie central bank has now hiked three times, bringing the current interest rate to 2.35% as of its September 6 meeting. It is next due to meet on rates on October 4.

As of the end of the June quarter, the RBA held A$356 billion (US$238 billion) in Australian government bonds, and also has another A$188 billion (US$125 billion) in assets connected to the term funding facility. Across the entire government, the entity that issues the Aussie government’s debt – the Australian Office of Financial Management – will be reporting a significant gain on the liabilities it has issued, equivalent to the losses that the RBA has had to write down.

The RBA notes that other central banks would be in a similar position but use different accounting methods. The Bank of England and the Reserve Bank of New Zealand both have an indemnity from the government on any losses. So their governments would essentially bail them out, something the RBA stresses it is not asking the Australian government to do.

However, the RBA typically contributes its profits to the government coffers as a dividend. The government likely should expect a hole in its budget where that dividend contribution used to be, for “the next few years,” Bullock says. The last bonds mature in 2033.

Similarly, the Swiss National Bank reported a first-half loss of 95.2 billion Swiss francs (US$98.7 billion), its largest since the central bank was set up in 1907. Falling bond prices and the appreciation in the Swiss franc ate into its huge foreign-currency holdings, but like the RBA the loss is on paper until the bonds mature.

The bottom line, Bullock says, is that central banks had to spend their way out of the pandemic crisis if their economies were going to stay afloat. In that sense, the RBA’s bond buying “broadly achieved its aims,” she concludes.

https://realmoney.thestreet.com/investing/global-equity/australia-s-central-bank-says-it-is-bust-16103021

Source

error

Please help truthPeep spread the word :)