Former Blackrock fund manager Edward Dowd paints a grim picture for Big Pharma’a vax kings in a recent interview with Thomas Paine.
Dowd, who grew his fund to $14B by anticipating the next big news, believes bankruptcy is in the cards for the Pharma giants.
“Wall Street is… starting to smell something went really wrong during the whole EUA clinical trials process… Pfizer’s clinical trial data was fraudulent ( https://t.me/LibertyOverwatchChannel/5828 ) They didn’t report the all cause mortality endpoint( https://t.me/LibertyOverwatchChannel/6238 ), which is the gold standard in the drug approval process. They failed that endpoint but they rammed it through,” Dowd said.
Comparing the situation to the Great Financial Crisis, Dowd points out that in both cases, “the supposed watchdog… wasn’t an objective, disinterested party.” Leading up to 2008, “they gave AAA ratings to bonds that lost 60%, which never should have happened.” In Covid-1984, instead of the ratings agencies facilitating the con, it’s the federal government. “The FDA gets 50% of its budget from Pharma. The fraud couldn’t have been perpetuated without CDC and FDA help,” explained Dowd.
What about the blanket immunity protection for vaccine manufacturers, Paine asked. “Fraud eviscerates all contracts,” Dowd responded. “Moderna and Biontech are going to zero… Pfizer could be a $5 stock.”
The falsified trial data and adverse event reports are being “heavily suppressed by our tech overlords and the mainstream media,” Dowd continued. “This couldn’t have happened without their silence and/or active suppression. I view this as a multi-siloed fraud, called meta-fraud: There’s Pharma [where] the fraud originated… media and tech censoring the truth [in exchange for] Pharma spend… and then you’ve got the government, which was corrupted…”
“It’s all going to unravel,” Dowd predicts. “People have become rich off of the death and disability of others… Forget about conspiracy theory. This is good old fashioned greed and power… Let me tell you what Pfizer’s potential revenues could be if they are successful in mandating this vaccine quarterly… Their revenues go from $52B to $350B overnight… If you don’t think that’s enough incentive to bribe government officials, you’re naive.”
Dowd believes Big Insurance will be the catalyst that causes the wheels to come off. Major life insurance firms are reporting multi-sigma increases in non-Covid-related death claims.
OneAmerica saw deaths climb 40% among the 18 - 64 age cohort during the third quarter 2021 from the prior year. “Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” CEO Scott Davison said. “So 40% is just unheard of.” ( https://t.me/LibertyOverwatchChannel/6243 )
Reuters reported that Dutch insurer Aegon, which does two-thirds of its business in the United States, is facing a similar brobdingnagian spike: “claims in the Americas in the third quarter were $111 million, up from $31 million a year earlier.” ( https://www.reuters.com/business/life-insurers-adapt-pandemic-risk-models-after-claims-jump-2022-01-13/ )
“Once the [life insurance] trial lawyers get involved in this discovery, that’s when the kimono opens up and the flood gates open,” Dowd augurs. “It gets wild and woolly then. But that’s further down the road once their stock prices have already been beaten into submission.”
Listen 🎧 Thomas Paine TV* *Part 1 gets going around min. 22:00 Watch📺 War Room ( https://rumble.com/vtol3c-former-blackrock-exec-believes-vaccine-makers-liability-is-at-risk-because-.html )
Related🔎📰 • Pfizer Falsified Clinical Trial Data: https://t.me/LibertyOverwatchChannel/5828 • KanekoaTheGreat Substack: The Real Pfizer Vaccine Trial Data : https://t.me/LibertyOverwatchChannel/6238 • Pfizer Vaccine Trial Revealed More Harm Than Good: https://t.me/LibertyOverwatchChannel/6239 • Life Insurance CEO: Non-Covid Deaths Up 40%: https://t.me/LibertyOverwatchChannel/6243 • Life Insurers Claims Surge: https://www.reuters.com/business/life-insurers-adapt-pandemic-risk-models-after-claims-jump-2022-01-13/
Source: @LibertyOverwatchChannel
Goodness the insurance companies could topple didn’t think of that angle. This really gives a potential understanding of “it had to be this way”
So if that is the case couldn't this turn into another 'too big to fail' situation where we bail out the rich bastards yet again.
The FDA is begging Pfizer to release a jab for infants to age 5. They already said they would give EUA site unseen and really don't fucking care about any clinical data because they're going to evaluate it's efficacy after it's been out and then determine what the next steps will be. I'm not bull shitting, this it 100% fucking real.
What the actual fuck is wrong with these sick Bastards
Insurance pede here. I have not talked to anyone about claims recently, but back when I was first in the business, my mentor told me that one $100,000 claim wipes the profit from $1,000,000 inforce (I think this refers to term only if I recall correctly.) That may be different now because interest rates have been so flat for so long. (Life Insurance carriers have to invest conservatively in order to ensure the monies are there for future claims.) The nearly zero interest rate environment brought about by our friends in high places has really affected some blocks of permanent business and definitely affected the long term care blocks. Around 2008, I remember talking to a customer who called in asking about the guaranteed rate being paid on her policy which was 4%. Lot of these contracts were sold illustrating non-guaranteed rates of 8-10% in the 1990s so I blinked when she said that was a great rate - prior to that most people complained. (For comparison, new products can have guarantees of 0-1%.) People started figuring this out so much that some carriers put caps on how much money they would accept because people were using them as investment vehicles (This is a no-no because while there is an investment component, it is a fine line. Short version is ultimately, the reason insurance is income tax free to the beneficiary is because it provides a social good - society isn't picking up the tab for the widow and kids after death, etc. It is important to preserve that - you don't think politicians salivate at the thought of taking 20-40% of the benefits?)
Anyway...IMHO, the book to watch is the claims on the term insurance block. People think the money is made in the permanent (i.e. whole life) book, but that is not entirely accurate because the idea of whole life is that it is going to be there your entire life - basically, the expectation is a claim will be paid at some point and there it is priced for that. Term insurance is pure protection. The average policy only stays on the books for about seven years as it is replaced as needs change, etc. But in terms of claims, the percentage of term policies that are filed for claims is low - around 7%. This is why term is profitable. But the margins are narrow so if this number changes dramatically, that throws the reserves off. Unlike home/auto, etc., the vast majority of term life insurance is guaranteed renewable and convertible - meaning they cannot raise the premium or cancel the policy as long as you pay the premium during the guarantee period. If they have a run of bad mortality, they will either get out of the market, raise premiums on new blocks of business or some kind of combination.
OneAmerica is known for its hybrid life/long term care insurance products so my guess is the claims were closer to the age 64 because the vast majority of their market is 50+. Aegon is Transamerica. I would be curious to see if the breakdown of claims between the individual side vs. worksite (group).
if WH do not do this as they should, we will have to complete these tasks in the sea of blood.