When #central_banks are eventually forced to act on inflation, they will find it themselves in a difficult, if not untenable, position.  They will be fighting the increasingly-ingrained perception that high levels of debt and higher inflation are a small price to pay for achieving progressive political, economic and social goals. That will make it politically difficult for societies to accept higher unemployment in the interest of fighting #inflation. Low, stable inflation and historically low interest rates have been the glue that have held together macro policy for the last three decades. If, as we expect, this starts to unravel over the next year or two, then policymakers will face the most challenging years since the Volcker/Reagan period in the 1980s. https://www.zerohedge.com/markets/one-bank-goes-apocalyptic-inflation-about-explode-leaving-global-economies-sitting-time?utm_campaign=&utm_content=Zerohedge:+The+Durden+Dispatch&utm_medium=email&utm_source=zh_newsletter
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Daszak describes the process of “insert[ing] #spike_proteins” into viruses to see if they can “bind to human cells” as being carried out by his “colleagues in China”: “Then when you get a sequence of a virus, and it looks like a relative of a known nasty pathogen, just like we did with SARS. We found other coronaviruses in bats, a whole host of them, some of them looked very similar to SARS. So we sequenced the spike protein: the protein that attaches to cells. Then we… Well I didn’t do this work, but my colleagues in #China did the work. You create pseudo particles, you insert the spike proteins from those viruses, see if they bind to human cells. At each step of this you move closer and closer to this virus could really become #pathogenic_in_people. “You end up with a small number of viruses that really do look like killers,” he adds. #Wuhan #FauciLiedPeopleDied https://thenationalpulse.com/exclusive/daszak-reveals-chinese-colleagues-manipulating-coronaviruses/
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#Beijing is dealing with a number of fronts at once as a result of pandemic-era stimulus.  Much of the money pumped by central banks around the world is making its way into China’s borders, complicating Beijing’s efforts to put a lid on prices without abandoning market reforms. This has led to a tricky balance of using strong rhetoric and market expectation management instead of blunt intervention when it comes to tackling overheating in the #yuan, #crypto, housing and #raw_materials. https://www.zerohedge.com/economics/traders-alert-china-inflation-shock?utm_campaign=&utm_content=Zerohedge:+The+Durden+Dispatch&utm_medium=email&utm_source=zh_newsletter
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Daszak describes the process of “insert[ing] #spike_proteins” into viruses to see if they can “bind to human cells” as being carried out by his “colleagues in China”: “Then when you get a sequence of a virus, and it looks like a relative of a known nasty pathogen, just like we did with SARS. We found other coronaviruses in bats, a whole host of them, some of them looked very similar to SARS. So we sequenced the spike protein: the protein that attaches to cells. Then we… Well I didn’t do this work, but my colleagues in #China did the work. You create pseudo particles, you insert the spike proteins from those viruses, see if they bind to human cells. At each step of this you move closer and closer to this virus could really become #pathogenic_in_people. “You end up with a small number of viruses that really do look like killers,” he adds. #Wuhan #FauciLiedPeopleDied https://thenationalpulse.com/exclusive/daszak-reveals-chinese-colleagues-manipulating-coronaviruses/
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