Saturday, July 2, 2022

Chinese Leverage to Kill Petro-dollar

by Jim Willie, Goldseek

 

The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating.

 

The global currency reserve status for the USDollar is at severe heightened risk. It will not be deposed via financial markets, like with a bond market failure or a COMEX gold market default with bust. Such is folly to imagine as likely to occur. The Western bankers are expert at rigging the financial markets, one and all. Their central bank bond support has extended to stock market support, soon to corporate bond wide support also. The USGovt is hanging onto its power base in increased isolation. The assaults are on many flanks and platforms.

 

ESSENCE OF PETRO-DOLLAR

Its essence is the sale of crude oil universally in USDollar terms. Typically the payment form is the USTreasury Bill. The OPEC crew typically sock their surplus petro dollars in USTreasury Bonds. The sale proceeds never exit the USD form. The deal was struck in 1973 by the Rockefeller agent named Heinz Kissinger. It came in the wake of the abrogated Bretton Woods Gold Standard, which Nixon violated with force and audacity. In fact, the arrangement was suggested by the US side of the table. Nevermind that it was Rockefeller who hatched the idea of a tripled oil price, the exact opposite of what has been inscribed in the historical annals. The other little item in the Petro-Dollar defacto standard treaty is that the Saudis, along with the Gulf Arab neighbors, would buy USMilitary hardware exclusively. The USGovt would provide them with plenty of regional conflict. Over the four decades since, the Arabs have accumulated a few cool $trillion in USTBonds. The TIC Report on foreign bond assets is a gigantic fabrication. Most Saudi bond holdings have been hijacked and stolen, used as the core to the USDept Treasury’s vaunted Exchange Stabilization Fund. They will never see at least $3 trillion in sequestered bonds. A joke here, since the ESFund is the most secretive multi-$trillion fund in human history.

 

WEAK LINK IN GLOBAL CURRENCY RESERVE

The global currency reserve consists of the trade payments done in USD terms, together with the banking systems holding USTBonds as core assets. The West controls the financial markets, but the East increasingly controls the global manufacturing capacity. The USEconomy is heavily dependent upon imported goods within its massive supply chain. To some extent the producers in Asia, the Pacific Rim, and the Emerging Markets can dictate terms on trade payment.

 

SAUDI VULNERABILITY

The Saudis are the subject of occasional debate for a failed kingdom, a collapsed monarchy, a bankrupted nation, with finances bleeding red ink like never before in its brief history. Infighting has occurred to wrest the title of crown prince for Mohammed bin Salman (MbS), certain to have caused internal resentment and worse. The kingdom is depleting it financial reserves faster than it is the oil reserves. Deficits are at astounding levels. The lower crude oil price has resulted in half as much in revenues, while the filthy Yemen War has aggravated the costs within the financial ledger. The Saudis have issued bonds to finance their deficits, breaking new ground and angering some hardline Moslems. Their currency swaps are occasionally showing danger signals. The incidents with Qatar have left the Saudis with few if any friends, even in the Arab world. The arms deal charade with President Trump was one for the comic books. Even Langley is angry, as MbS screwed up their plans to stabilize the kingdom and region, with the goal of less terrorism. The other violent clown, Mohammed bin Zayed (MbZ) is the crown prince of Abu Dhabi in the UAE. Both might soon become expendable.

 

LIAR LIAR OILFIELDS ON FIRE

The big fat liars in the oil room are the Saudis. They have lied about their spare production capacity since the year 2000 or so. Such lies are used in attempts to move and to control the oil price. They have lied about their oil reserves for years also. That they have depleted oil reserves is the perfectly fitting motive for their predatory war in Yemen. They wish to steal the Yemeni oil & gas reserves, which are enormous and plentiful, even as not ever mentioned in the dutiful lapdog Western press. After 50 years of oil production, the Ghawar field is pumping over 98{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} water and brine. Other elephant fields are equally tapped out. The Saudis do have several smaller fields in production, but they do not compensate for the vacated elephants. Not at all. The Saudis are liars on oil reserves.

 

ENTER THE ARAMCO DEAL

The Saudis wish to conduct an IPO stock deal on 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the ARAMCO assets and income. They laughingly estimate the total petro-chemical corporation to be worth US$2 trillion. In response, the Western energy analysts hopped on the wagon to provide financial analysis of value. Well, surprise surprise! The analysts estimate the ARAMCO giant to be worth $500 billion or less, at least four times less than the bloated exaggerated value posted by the Saudi liar princes. The IPO deal is stalled, possibly since underwriting brokerage houses might not wish to be the object of lawsuits in the near future. Meanwhile, the Saudis are sweating badly, very worried about not having their $200 billion payday. They will be lucky to have $50 billion in the tainted IPO deal. Below is just one site of the sprawling state owned complex.

The Elites Are Jumping Ship As The Financial Collapse Draws Near

by Mac Slavo, SHTFPlan

It’s easy to think of the political and financial elites who run our world as lofty and all powerful. They command dangerous governments that can wield devastating weapons, central banks that treat our economy like a rigged casino, media conglomerates that pacify the minds of the public, and unbelievably wealthy corporations that have concentrated wealth to an unprecedented degree.

However, they’re certainly not invincible, and the systems of control that they’ve created are rapidly diminishing. Most notably, they seem all to aware of the fact that the global economy is headed for a crash. On the rare occasion where you can catch one of the elites in a moment of candor, they’ll tell you that the party is almost over.

Mohamed A. El-Erian is a bona fide member of the global power elite (a former deputy director of the IMF and president of the Harvard Management Co.). Yet he writes in a fairly accessible style on the popular Bloomberg website. When El-Erian talks, we should all listen.

In a recent article he raises serious doubts about the sustainability of the bull market in stocks because of reduced liquidity resulting from simultaneous policy tightening by the Fed, European Central Bank (ECB) and the Bank of England.

He says stocks rose on a sea of liquidity and they may crash when that liquidity is removed. This is a warning to other elites, but it’s also a warning to you.

Their actions are quite telling as well. Sovereign wealth funds, which are largely funded and owned by powerful governments to invest in domestic industries, are jumping ship.

Among sovereign wealth funds, the Government of Singapore Investment Corp. (GIC) is one of the largest, with over $354 billion in assets. So what does the head of GIC say about markets today?

Lim Chow Kiat, CEO of GIC, warns that “valuations are stretched, policy uncertainty is high” and investors are being too complacent.

GIC allocates 40{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of its assets to cash or highly liquid bonds and only 27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of its assets to developed economy equities.

Meanwhile, the typical American small retail investor probably has 60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} or more of her 401(k) in developed economy equities, mostly U.S.

In other words, the investment arms of wealthy nations are pulling out of the stock market and out of companies in their own economies (developed economy equities), and putting their money into assets that can be quickly turned into cash. It’s practically an admission by the elites, that they think the economy is completely unstable.

But this is just the latest warning sign that the elites are getting nervous. Corporate executives have been selling their stocks at an unprecedented rate for several months. Meanwhile, ordinary people are still placing their faith and their bets on a stock market that most experts agree is completely unsustainable.

It Just Doesn’t Let Up with Wells Fargo

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New scandal: another 570,000 (800,000?) customers become victims.

Wells Fargo — “a community-based financial services company,” as it says — revealed late Thursday, after it learned that The New Times would blow its cover, that it  had wrongfully charged 570,000 of its auto-loan customers for comprehensive and physical damage insurance (CPI) since 2012 though they already had their own insurance.

“In response to customer concerns,” Wells Fargo became aware of this issue in July 2016. It initiated a review of the “CPI program” — as it calls this profit center — “and related third-party vendor practices,” namely those of the insurance supplier National General. In September 2016, “based on the initial findings,” it scuttled its “CPI program.” It then hired a consulting firm to figure out what was going on. 

The consequences were profound. The added insurance premium raised the car payment. If the increase was $50 per month on a particular vehicle, the total amount of additional money extracted from that customer over the duration of a six-year loan would be $3,600. Since many of these auto loans were set up on automatic payment on the customers’ accounts at Wells Fargo, these additional monthly amounts eventually drained the bank accounts and caused them to be overdrawn.

Victims who checked their accounts and found the larger payments and raised a ruckus were refunded the money. But many people didn’t check.

These wrongful CPI premiums “contributed to a default that led to their vehicle’s repossession,” the bank said. Their credit was ruined and “approximately 20,000 customers” might have lost their vehicle.

To drive the nail into the flesh more deeply, the bank then extracted insufficient funds fees, late fees, and other fees from its victims’ accounts which pushed them into default even faster. With this strategy, Wells Fargo caused all kinds of other mayhem in their lives as these folks lost their transportation to get to work, pick up their kids, or go to the grocery store.

The bank said that it is “extremely sorry for any harm this caused our customers….”

Wells Fargo said it already began issuing reimbursements to “some customers” as a disaster mitigation strategy before this blows up any further, as the other Wells Fargo scandals have. The rest of the victims will get letters and checks starting in August. In total, Wells Fargo will issue $80 million in reimbursements.

This is how the press release revealed the numbers (the numbers revealed by the New York Times, based on the leaked report by the consultants, are much worse – more on that in a moment):

Approximately 490,000 customers had CPI placed for some or all of the time they had adequate vehicle insurance coverage of their own. We refunded the premium and interest for the duplicative coverage at the time the customer made us aware of their other insurance. These customers will receive additional refunds of certain fees and some additional interest. Refunds for this group total approximately $25 million.

In five states that have specific notification and disclosure requirements, approximately 60,000 customers did not receive complete disclosures from our vendor as required prior to CPI placement. In these cases, even if CPI was required, customers will receive a refund including premiums, fees and interest. Refunds for this group total approximately $39 million.

For approximately 20,000 customers, the additional costs of the CPI could have contributed to a default that resulted in the repossession of their vehicle. Those customers will receive additional payments as compensation for the loss of their vehicle. The payment amount will depend on each customer’s situation and also will include payment above and beyond the actual financial harm as an expression of our regret for the situation. Refunds for this group total approximately $16 million.

For each of these categories, Wells Fargo will also work with the credit bureaus to correct customers’ credit records, if applicable.

These Well Fargo victims come on top of the victims of the 2.1 million fake accounts that bank employees had opened in their customers’ names. The bank paid $185 million in fines last September. It settled a class-action suit for $142 million. Chairman and CEO John Stumpf was deposed. A slew of low-level order-followers were fired. Some mid-level managers got axed. A number of federal and state investigations are still pending.

 

 

Keiser Report: Wall Street’s ‘Dean of Valuation’ (E1103)

by RT

In the second half Max interviews legendary investor, Jim Rogers, about China and Germany stepping up to lead the world as the U.S. retreats. They also discuss China’s One Belt, One Road policy and bitcoin as disruptors to U.S. hegemonic power.

What Should Be Done To RINOs Like John McCain That Betray Us Over And Over Again?

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by Michael Snyder, The Economic Collapse Blog

By destroying the last chance that the Republicans in the Senate had to repeal Obamacare, John McCain has ensured that he will go down in history as a backstabbing traitor that cared nothing for true conservative values.  For decades, RINOs like McCain have promised to uphold conservative values while campaigning, but once they have gotten into office they have betrayed us over and over again.  How much more are we going to take before we say enough is enough?  I hope that you will join me in my effort to remove every RINO from Congress.  What John McCain has just done should make all of us absolutely sick.  Thanks to him, Obamacare is going to remain the law of the land for the foreseeable future even though the Republicans have control of the White House, the Senate and the House of Representatives.  If I go to Washington, I am going to declare war on RINOs like McCain, but the only way that will be possible is if thousands of good conservatives help fund this campaign.  So far my campaign has created an enormous amount of buzz all over the state, but the only way that we are going to be able to capitalize on all of that buzz is if you all stand with me.

If what John McCain did on Friday does not make you angry, I am not sure what will.  Together with Lisa Murkowski of Alaska and Susan Collins of Maine, McCain killed the very last chance of repealing Obamacare in the Senate.  The following comes from the Washington Post

A convergence of contentious issues, as well as embarrassing infighting and shake-ups at the White House, have a number of Republicans suddenly in open resistance to President Trump on a number of fronts.

The most dramatic moment came in the early-morning hours Friday, when Sen. John McCain, an ailing war hero and onetime Republican presidential standard-bearer, joined two other GOP dissidents, Sens. Lisa Murkowski of Alaska and Susan Collins of Maine, to cast the deciding vote to kill a scaled-back plan to dismantle tenets of the Affordable Care Act — and with it, perhaps, Trump’s promise to repeal Obamacare.

McCain had specifically campaigned on repealing Obamacare in 2010 and in 2016.  In fact, just last year he was running campaign ads in which he boldly proclaimed that he was “leading the fight to stop Obamacare”.

Now he has done this.

And it was quite a dramatic moment when he finally cast his vote.  Some even believe that it is going to go down as the most famous “thumbs-down” in Senate history

The clerk read the Arizona senator’s surname in the microphone of the tense Senate chamber. The two words were met with silence — John McCain had stepped out of the room minutes before.

But moments later, he reappeared. By then, the alphabetical roll call had reached Sen. Gary Peters of Michigan. McCain walked over to the front of the chamber, raising his right arm. He held it up in the air until he had the attention of the clerk.

“No,” he said, with a swift thumbs-down.

In response, we need to give our own “thumbs-down” to every RINO on the federal, state and local levels all around the country.

If you are sick and tried of RINOs like McCain, then I would like to ask for your support.  My team has set up a brand new website called Help Michael Win where you can help us raise $3,000 to print more than 20,000 brochures.  We have volunteers that are ready to get brochures into the hands of potential voters, but the only way that we can do this is if the funding comes in.  If 300 of you were to donate just 10 dollars each, we will be able to meet our goal.

But if we all sit back and do nothing, RINOs such as McCain will continue to rule Washington.  Just before he cast his decisive vote, McCain actually went over to the Democrats to tell them what he was about to do.  The following comes from the Washington Post

Shuffling across the chamber, Mr. McCain convened with Democrats, informing them of his choice. “They can read my lips,” he said to laughs, fearing his hand would be tipped ahead of time from inside the gallery.

At one point, the senator joined Ms. Collins and Ms. Murkowski, telling them they had done the right thing.

“We talked about how if anyone knew about doing the right thing it was John McCain,” Ms. Collins recalled. “It was very moving.”

I am the only candidate in this race that is openly going to go to war with McCain and others like him in Congress.

Since there is no incumbent, my race is totally wide open, and it will ultimately be decided by the enthusiasm of people like you.  If everyone in my district that is familiar with my work ends up voting for me in the Republican primary next May, I will win and it won’t even be close.

I am so tired of just sitting back and doing nothing while RINOs like McCain slap us in the face over and over again, and other conservative authors feel the exact same way.  Here is just one example

“For American voters expecting their Republican-dominated House, Senate and White House to honor their years of repeal promises and actually, well, repeal Obamacare, McCain’s thumbs-down was a face-slap moment that will be remembered in history as a textbook classic case of political betrayal. McCain may feel liberated. But his name will go down in conservative history books as a traitor to the cause.”

Greg Hunter – Weekly News Wrap-Up 7.28.17

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by Greg Hunter

Join Greg Hunter of USAWatchdog.com as he talks about these stories and more in the Weekly News Wrap-Up. 

Andrew Hoffman – Will Yellen Keep Her Job?

by Kerry Lutz, Financial Survival Network: What’s Really Happening Wednesdays with Andrew Hoffman:

Whirlybird Janet in focus, one week after here “ding dong, the Fed is dead” speech
The “Holy Grail of Bullish Silver Statistics”
Historic market overvaluation, and complacency
Crypto-currency update – “Bitcoin SegWit Activation – the Gold Cartel’s Worst Nightmare”
Etc., etc.

Click HERE to Listen

Jim Rogers: The Dollar Will CRASH! – Cashless Society Means The Government OWNS Us!

from World Alternative Media:

Josh Sigurdson sits down with investment legend and author Jim Rogers to talk about the inevitable dollar crash. Rogers breaks down why the dollar will crash, the delusion of central bankers and the horrific technocratic control of a centrally planned cashless society. Jim Rogers has been correctly predicting trends for decades and will always tell you, “Don’t listen to me, do your own research!” which is always important as so many will sooner listen to noise than actual ensure their own financial stability and wealth insurance themselves. With that said, Jim Rogers gives the viewer a look at how he invests and keeps his money safe.

Washington Signs Its Own Death Warrant: New Russia Sanctions Will Ensure the End of US Dollar Dominance

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from Russia Insider: An astonishingly daft bill is now sitting on Donald Trump’s desk in the Oval Office—and signing it will all but guarantee the downfall of the US dollar as the world’s reserve currency.

Last night the US Senate almost unanimously approved the Countering America’s Adversaries Through Sanctions Act. Hailed by beacons of misery such as John McCain, the legislation is meant to punish Russia for all of its alleged election meddling.

In reality, by targeting Russia’s energy sector, the bill will instead compel Washington’s European vassals to abandon mutually beneficial energy cooperation with Russia. Meanwhile, Moscow will be free to solidify long-term economic and security cooperation with Beijing.

In other words: Washington is now insisting that Russia and China team up. Could anything be more short-sighted and self-defeating?

A few points:
1. To quote Max Keiser, “The so-called Washington consensus is disintegrating“:

The post-WWII order of the US dollar hegemony run out of Washington DC, the so-called Washington consensus – is disintegrating, it is falling apart. The US doesn’t seem to want to take on reality – they want to live in the past, and they want to believe they are the policeman of the world, and they are going to impose sanctions.

Germany is not going to go along with American sanctions quite obviously. They are just pushing Germany into the arms of Russia. Then you’ve got an enormous axis of power to Germany, Russia, and China, and they are going to get out of the US dollar. So then gasoline in America suddenly goes to $10, 11, 12 a gallon. How is that going to help the American economy if the US dollar loses its position as a reserve currency?

2. Beijing has absolutely no obligation to honor US sanctions against Russia. On the contrary, China is likely to accelerate cooperation with Russia in the area of energy.

As the Global Times puts it:

The bill passed by the US House of Representatives, which targets Russian energy companies, banks, and individuals, is likely to reduce Russia’s share in the global energy market, especially in the US and EU. Beijing has no obligation to support US sanctions on Russia. Actually, China is likely to continue to tap the potential of cooperation with Russia in the area of energy.

The energy sector is a strategic pillar of the Russian economy, which may take a new blow from the US sanctions. However, an economic breakdown in close proximity is not in line with the interests of China. If there is economic chaos in Russia, China may need to consider a financial bailout for Russia to help the country address its problems caused by the US sanctions. Economic chaos caused by the US sanctions is only a “worst-case scenario” with a very low probability. The political and economic realities of a multi-polar world have reduced US power over international affairs. The most likely outcome is that Russia will remain a superpower whose overall influence may wane but is never genuinely challenged.
And the cherry on top: Cutting Russia’s energy sector off from the west will likely “expand the currency swap between the ruble and the yuan.”

3. If Trump doesn’t veto, you can kiss rapprochement goodbye—probably forever

Kommersant is reporting that if the sanctions are approved, Russia will retaliate:

35 diplomats expelled and all diplomatic mansions seized

ALL US IT companies banned

all US agricultural products banned

Stop exporting titanium to Boeing (30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of their titanium comes from Russia)

So this is it. We’re just a stroke of a pen away from basically ensuring that China and Russia are joined at the hip; Europe will eventually mutiny against Washington’s insane, suicidal dictates—and ordinary Americans will be left scratching their heads, wondering what went wrong.

Read More @ Russia-Insider.com

DNC IT STAFFERS AWAN BROTHERS THREATENED KIDNAPPINGS FOR CASH

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by Jim Hoft, The Gateway Pundit: Former IT staffer Imran Awan allegedly threatened to have his stepmother’s Pakistani relatives kidnapped if she talked to U.S. law enforcement authorities, according to court documents obtained by The Daily Caller News Foundation’s Investigative Group.

Luke Rosiak of The Daily Caller reported:

“Imran Awan threatened that he is very powerful and if I ever call the police again, [he] will … kidnap my family members back in Pakistan,” Awan’s stepmother, Samina Gilani, claimed in the documents filed April 14 in Fairfax County, Va., in the case of Americo Financial Life and Annuity Insurance Company v. Abid A. Awan and Samina Ashraf Gilani.

“Imran Awan did admit to me that my phone is tapped and there are devices installed in my house,” including one Gilani claimed in the court filing to have seen “behind the printer.” She also claimed Imran Awan represents himself in Pakistan as a powerful person in Congress and is given police escorts when he spends time in the country.

Imran Awan also attempted to make himself the beneficiary of a life insurance policy instead of his step-mother, Gilani. According to The Daily Caller:

The form’s required witness signature was blank, and it was rejected. A week later, Abid re-submitted it but with a notary’s seal.

A police report shows that in January 2017, Gilani called Fairfax police claiming her stepsons refused to let her see her dying husband in his final moments. Police said Abid angrily waved an unsigned power-of-attorney document at an officer and refused to give Shah’s location.

Shah died of cancer Jan. 16 and Americo received a claim on Feb. 2 for the $50,000 to be paid to Abid. Americo told the court it also received a letter from Gilani contending the “beneficiary changes to the policy were procured through fraud.”

Americo said it “cannot safely determine who is rightfully entitled to the policy proceeds” and asked the court to resolve the issue.

The Daily Caller has written nearly two dozen investigative reports on the Awan brothers yet their attorneys continue to blame ‘Islamophobia’ and ‘anti-Muslim bigotry’ for the ongoing police investigation.

Read More @ TheGatewayPundit.com

Governments And Corporations Can Unleash Deadly Weapons On Our Population: “Our Greatest Danger Is Denial That Such Things Are Possible”

by Jeremiah Johnson, SHTF Plan: Last week the first 1 million mosquitoes of a planned 20 million to be turned loose were released in Fresno County, California. The word “released” may very well be interchangeable with “unleashed,” as the insects (males) were infected with the Wolbachia bacterium prior to their release. The objective is to release these male insects (allegedly producing no viable offspring when carrying the bacterium) into the population of Aedes aegypti mosquitoes, the primary culprit for mosquitoes that torment man.

No big deal, right? I mean, no possible harm could be rendered with this, right? The article, To Shrink Mosquito Population, Scientists Are Releasing 20 Million Mosquitoes, from July 21, 2017 by James Doubek bears reading. Here’s an excerpt:

The project is called Debug Fresno and it’s being undertaken by Verily, a subsidiary of Alphabet, Google’s holding company. It’s the company’s first field study involving sterile mosquitoes in the U.S.

Some of the article’s information stems from data released by The Scientist magazine, and one of their blurbs is also interesting:

The magazine says the bacterium [Wolbachia] ‘is not known’ to infect humans.

“Not known to infect humans” is really comforting, is it not? The company Verily also highlighted some of its newfound and wonderful capabilities, as noted here:

Verily says it developed ‘automated mass rearing and sex-sorting processes,’ which enable it to breed and release so many of the mosquitoes in such a short time.

That’s great: A downstream “subsidiary” company of Google, owned by Zuckerberg and in bed with the NSA would never think of either releasing anything that was known to be harmful or tailor their industries to produce something that was harmful. At least whatever they release can be released in a short time. In this manner, if a distraction or false flag is needed by The-Powers-That-Be, it can be concocted and implemented in a short time. It’s all good, and whatever happens will be either forgotten by the public or blamed on something else.

Another recent article appeared last week, entitled Off-the-shelf DNA can be used to manufacture biological weapons, stunned scientists discover, by Russel Davis, released on 7/19/17. According to this article, Canadian researchers in Alberta have successfully created a new virus called horsepox with similar characteristics of smallpox.

Really, now? With the characteristics of smallpox? The world battled smallpox in every corner of the globe to eradicate it, and the only known specimens are within government labs, ostensibly labeled as “experimental material,” although in truth, they are stockpiled for weaponization. An excerpt from the article by Davis makes this point quite clearly:

A number of science experts expressed concerns about the latest breakthrough, raising the alarm about the potential harm it can bring to the general public. According to outside experts, horsepox in itself may not be harmful to humans. However, the technique used to create the virus may play to the advantage of terrorists and may result in the development of biological weapons.

“Bringing back an extinct virus that is related to smallpox, that’s a pretty inflammatory situation. There is always an experiment or event that triggers closer scrutiny, and this sound like it should be one of those events where the authorities start thinking about what should be regulated,” said Paul Keim, an expert in bioweapons at Northern Arizona University in Flagstaff. Peter Jahrling, a virologist at the National Institutes of Allergy and Infectious Diseases, expressed a similar concern. According to Jahrling, the technique can be easily replicated by well-equipped vehicles. If the technique falls into the wrong hands, it can be used to synthesize otherwise disastrous viruses, Jahrling added.”

Read More @ SHTFPlan.com