Rabu, 01 Juli 2020

Don’t Believe the Media’s Hype About COVID-19

July 01, 2020

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Money & Crisis

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Don't Believe the Media's Hype About COVID-19

Graham SummersDear Money & Crisis Reader,

The hysterics around COVID-19 are a scam.

The illness is very real. But the media hysterics and the policy responses have been misguided.

Back in late February, I warned my readers about all of this. At that time, I noted:

  1. That COVID-19 was in the US much longer than the media claimed.
  2. Far more people had been exposed to the illness than the official numbers claimed.
  3. The fact that we hadn’t seen a massive spike in deaths during the winter told us that MOST cases of COVID-19 were mild or with no symptoms.

I knew this from actual evidence – NOT from conspiracy theory.

As early as late February, it was clear that 80%+ of COVID-19 cases were mild and required NO medical treatment. I also noted that Walmart didn’t close a single one of its 430 stores in China during the pandemic there.

I took a lot of heat for these claims. I was called delusional and insane.

Fast forward to today, and I was 100% correct about all of the above.

We now know that COVID-19 was in the US for months before the first “official” case was reported. Some 80% of all COVID-19 deaths in the US were for those over the age of 65. The median age was 85!

Moreover, we now know that the risk of death from COVID-19 for anyone under the age of 60 is less than 0.25%. Meaning if you’re under 50 and healthy, you have a 99.8-99.9% survival rate for this illness.

That means that the actual death rate for COVID-19 is 0.1-0.2%... which is right in line with the very common flu… which I just so happened to compare COVID-19 to in late February.

And finally, my key point: Tens of thousands of the deaths from COVID-19 are 100% the fault of governors sending infected seniors back to nursing homes.

The Real Policy that Caused a Spike in the US

Of the 107,000 people who have died from COVID-19 in the US, over 50% are in the four states that embraced that policy: New York, New Jersey, Massachusetts, and Pennsylvania. New York is particularly reprehensible – the state was still sending infected seniors back to nursing homes as late as May 7.

May 7… a full TWO MONTHS into the lockdown.

Let’s be clear here — COVID-19 is a horrible illness. I am in no way making light of this. But it is an illness that has little, if any, real risk to young, healthy people.

It is, however, an illness that is extremely dangerous for the elderly. And the majority of COVID-19 deaths can be attributed to the four states that sent infected seniors back to their nursing homes.

There was no reason to perform a nationwide lockdown. There was no reason to whip everyone up into a frenzy.

The flu hospitalized between 410,000-740,000 people and killed between 24,000-62,000 people this season alone. No one in the media talked about this. No one urged an economic lockdown. No one claimed that it was a pandemic that would be worse than the Spanish flu of 1918-1919.

I have zero doubt that without the horrific policy of sending infected seniors back to their nursing homes, COVID-19 would have produced similar numbers.

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Challenge the Media

Now, I’m not writing any of this to brag about the correctness of my forecasts. I am simply trying to point out that keeping a level head and performing your due diligence results in more accurate research and forecasts than buying into the hysteria that the media pushed and continues to push to this day.

Indeed, the media is now telling us that a second wave of COVID-19 is coming and that it’s going to be horrific.

But what the media FAILS to tell you is that the deaths from COVID-19 are down 90% from their late-April peak. You can see this in the exhibit below.

Image: Daily Deaths

But it doesn’t stop there…

Even More COVID Hysteria

Another item the media won’t tell you is that the testing protocol for COVID-19 in many hospitals today is to count every positive test as a new case – even if it’s coming from the same person.

Let’s say you’re admitted to a hospital for COVID-19. Each day you are tested for COVID-19. Each day you will test positive. If you stay at the hospital for seven days, you will be counted as SEVEN cases, not just one case.

Finally, and this is the most disturbing trend in the media’s hysterical reporting, is the way in which the media is hyping up the hospitalizations.

The media is acting as if there is a massive influx of people being admitted to the hospital for COVID-19. This is patently false.

First and foremost, the testing methodology counts anyone who tests positive for COVID-19 while in a hospital as a COVID-19 hospitalization – even if the person is there for something else (say a broken arm).

So if you go to the hospital for ANY reason and you happen to test positive for COVID-19, you will be counted as a COVID-19 case AND a COVID-19 hospitalization – even if you are not sick and have no symptoms.

Second, we know from prior data that those who are hospitalized from COVID-19 typically end up in the intensive care unit (ICU). If states such as Texas were indeed seeing a sudden surge in people who are sick from COVID-19 and who require hospitalization from it… why is the number of available ICU beds flat?

Chart: Texas ICU

My point with all of the above analysis is simple. The media is once again trying to induce hysteria in Americans, but the facts do NOT support this hysteria in any way, shape, or form.

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Best Regards,

Graham Summers

Graham Summers
Editor, Money & Crisis

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