Category Archives: Business

Musk Updates SEC Filing: Bad News for Anyone Who Thought He’d Stay Silent About Twitter

Jack Davis, The Western Journal
April 11, 2022

A new filing clears the way for major Twitter shareholder Elon Musk to play both an inside game and an outside one as he pursues whatever plan he has in mind for the social media giant.

Musk, CEO of Space X and Tesla, bought a huge share of Twitter but turned down a seat on Twitter’s board.

In addition, Musk has filed a new Securities and Exchange Commission document that takes off just about all restrains upon the wild card investor, according to The Verge.

Read more: https://www.westernjournal.com/musk-updates-sec-filing-bad-news-anyone-thought-stay-silent-twitter/#ixzz7QGElfHT1

Big Pharma Advertising Dollars Are at an All-Time High

Dr. Joseph Mercola
April 6, 2022

STORY AT-A-GLANCE

  • The drug industry influences and manipulates media through advertising dollars. In 2021, drug companies spent an aggregate $6.88 BILLION on direct-to-consumer advertising (DCTA), up slightly from $6.86 billion in 2020
  • The U.S. and New Zealand are the only two countries that permit DCTA, making media in these countries more likely to have pro-pharma bias
  • Over the past year, the U.S. government spent $1 billion of U.S. taxpayers’ money to advertise the COVID jab, which is the most dangerous and least proven drug ever marketed, while simultaneously calling for the censorship of anyone who dared to address the risks of this novel treatment
  • By law, drug ads must not be false or misleading, must present a “fair balance” of information describing both the risks and benefits of a drug, must include facts that are “material” to the product’s advertised uses, and must include a “brief summary” that mentions every risk described in the product’s labeling. Few if any ads for the COVID jab have fulfilled these requirements

How do you control major media? The short answer — illustrated in the video above — is: through advertising dollars. Big Pharma advertising dominates, making up a large portion of a given media outlet’s revenue, and that funding gives Pharma the power to dictate what ends up in the news and what doesn’t.

While Big Pharma has frequently spent more on advertising than on research and development, over the past couple of years, ad spending has increased to new heights.1

In 2021, drug companies spent an aggregate $6.88 BILLION on direct-to-consumer advertising (DCTA), up slightly from $6.86 billion in 2020.2 And, remember, DCTA is only permitted in two countries in the world, the U.S. and New Zealand, so media tend to be particularly biased in favor of Big Pharma those two countries.

Taxpayer Money Used to Advertise Most Dangerous Drug Ever

Even more egregiously, over the past year, the U.S. government used your tax dollars to advertise the COVID jab, which is the most dangerous and least proven drug ever marketed in the history of the world. How do we know this? Well, there’s:

  • An unprecedented number of adverse reports after the COVID jab filed with the Vaccine Adverse Events Reporting System (VAERS)
  • Insurance companies are reporting unprecedented death rates. For example, OneAmerica reported the death rate among working-age Americans in the third quarter of 2021 was 40% higher than prepandemic levels;9 the Hartford Insurance Company found mortality in 2021 was 32% than 2019 and 20% higher than 2020, and Lincoln National reports that claims were 54% higher in the fourth quarter of 2021 compared to 2019 (compare that to an average year-over-year increase of 13.7%)10
  • Funeral homes are reporting an increase in burials and cremations in 2021 compared to 2020, when the pandemic was at its peak11
  • In Germany, a large health insurance company found the death rate after the rollout of the COVID jabs was 14 times higher than what was being reported by the German government,12,13 and according to a British government report, 9 out of 10 COVID deaths have occurred in people who were fully vaccinated14,15

So, the U.S. government purchased favorable media coverage for a novel and poorly tested gene transfer injection that is now killing and disabling hundreds of thousands of Americans, while simultaneously calling for the censorship of anyone who dared to address the risks of this novel treatment.In all, the U.S. government spent $1 BILLION of U.S. taxpayers’ dollars to ‘strengthen vaccine confidence in the United States’ and ‘combat misinformation about vaccines,’ all with ‘the goal of increasing rates of vaccination across all ages.’

As reported by The Blaze:16

“In response to a FOIA request filed by TheBlaze, HHS [Health and Human Services] revealed that it purchased advertising from major news networks including:

ABC, CBS, and NBC, as well as cable TV news stations Fox News, CNN, and MSNBC, legacy media publications including the New York Post, the Los Angeles Times, and the Washington Post, digital media companies like BuzzFeed News and Newsmax, and hundreds of local newspapers and TV stations.

These outlets were collectively responsible for publishing countless articles and video segments regarding the vaccine that were nearly uniformly positive about the vaccine in terms of both its efficacy and safety …

The Biden administration purchased ads on TV, radio, in print, and on social media to build vaccine confidence, timing this effort with the increasing availability of the vaccines … Though virtually all of these newsrooms produced stories covering the COVID-19 vaccines, the taxpayer dollars flowing to their companies were not disclosed to audiences …”

In all, the U.S. government spent $1 BILLION of U.S. taxpayers’ dollars to “strengthen vaccine confidence in the United States” and “combat misinformation about vaccines,” all with “the goal of increasing rates of vaccination across all ages.” Government also collaborated with celebrities, social media influencers and “expert” interviewees such as Dr. Anthony Fauci. As noted by The Daily Exposé:17

“In other words, Fauci, the man who has been the ‘face’ of COVID-19 in 2020 and 2021, who publicly disparaged anyone who questioned the data he was using to support his recommendations, and who blithely referred to himself as ‘the science,’ was, in fact, a shill.”

The Level of Manipulation of Information Is Immense

While newsrooms claim to be completely independent from the advertising department, history and the personal experience of insiders tells us this simply isn’t true.

Z-Stack 1

Take Sharyl Attkisson, for example, a five-time Emmy Award-winning network anchor, producer and reporter whose television career spans more than three decades. In 2009, she blew the lid off the swine flu media hype, showing the hysteria was manufactured and completely unfounded.

In 2014, she wrote “Stonewalled: My Fight for Truth Against the Forces of Obstruction, Intimidation, and Harassment in Obama’s Washington.” It’s a tell-all exposé on what really goes on behind the media curtain, and it’s not pretty. The extent to which information is manipulated is far greater than most people suspect, and this is particularly true when it comes to COVID.

Years before the pandemic, Attkisson explained how false “consensus” was being created: Let’s say you hear about a new drug for an ailment you have, and you decide to do your own due diligence. Ultimately, you conclude it is safe and effective because everywhere you look, the information seems to support this conclusion. You feel good knowing you’ve done your homework, and fill the prescription. But what you don’t know is that:

  • Facebook and Twitter pages speaking highly of the drug are run by individuals on the payroll of the drug company
  • The Wikipedia page for the drug is monitored and controlled by a special-interest editor hired by the drug company
  • Google search engine results have been optimized, ensuring you’ll find all those positive sources while burying contradicting information
  • The nonprofit organization you stumbled across online that recommends the drug was secretly founded and funded by the drug company
  • The positive study you found while searching online was also financed by the drug company
  • The news articles reporting the positive findings of that study sound suspiciously alike for a reason — they’re reiterating information provided by the drug company’s PR department; hence, you will not find any contradictory information there either
  • Doctors promoting the drug and making derogatory comments about those who worry about side effects are actually paid consultants for the drug company
  • The medical lecture your own personal doctor attended, where he became convinced the drug is safe and efficacious, was also sponsored by the drug company

In short, the “consensus” you see has been cleverly manufactured by the most effective propaganda campaign in the history of the world, in an effort to convince you of what the corporate cartels want you to conclude at the end of doing “your own research.” This way, they can sell you more of their expensive and dangerous products.

Over the past two years, this manipulation has become far more obvious and easy for people to see. Before the pandemic, it was pretty well disguised. Today, most can rattle off dozens of examples of how COVID information was manipulated and controlled, through the examples above and others, both by Big Pharma and the U.S. government.

Government Media Manipulation Has Been Routine for Years

For years, the U.S. government, regulatory agencies and public health organizations have colluded with media to control what gets reported and what doesn’t. This, too, is something that has become blatantly obvious during this pandemic, but it’s not a new phenomenon.

For example, back in 2016, a Scientific American investigation revealed how the U.S. Food and Drug Administration routinely manipulated mainstream media, stripping them of their independence:18

“It was a Faustian bargain … The deal was this: NPR, along with a select group of media outlets, would get a briefing about an upcoming announcement by the U.S. Food and Drug Administration a day before anyone else.

But in exchange for the scoop, NPR would have to abandon its reportorial independence. The FDA would dictate whom NPR’s reporter could and couldn’t interview … NPR reporter Rob Stein wrote back to the government officials offering the deal. Stein asked for a little bit of leeway to do some independent reporting but was turned down flat. Take the deal or leave it.”

As it turns out, NPR accepted the deal and Stein joined reporters from a dozen other media organizations to get the scoop. “Every single journalist present had agreed not to ask any questions of sources not approved by the government until given the go-ahead,” Scientific American wrote.

Considering the U.S. government’s many power grabs over the past two years, there’s no reason to assume it hasn’t been using this kind of manipulation to control media coverage of COVID-19 and the injections. Bill Gates, whose influence rivals that of nation states through his funding of the World Health Organization, has also poured hundreds of millions of dollars into the COVID campaign. As reported by The Daily Exposé:19

“Using more than 30,000 grants, Gates has contributed at least $319 million to the media … Recipients included CNN, NPR, BBC, The Atlantic and PBS. Gates has also sponsored foreign organizations that included The Daily Telegraph, the Financial Times, and Al Jazeera. More than $38 million has also been funneled into investigative journalism centers.

Gates’ influence within the press is far-reaching, from journalism to journalistic training. This ultimately makes true objective reporting about Gates or his initiatives virtually impossible.”

DTCA Known to Produce Negative Public Health Effects

In 2006, experts warned that DTCA could trigger “placebo effects” and result in “negative economic, social and political consequences,”20 and in 2011, an article in Pharmacy and Therapeutics noted that the rules governing drug ads to the public were “too relaxed and inadequately enforced.”21

As reported by Forbes in 2019,22 “While DTCA has some positive effects, these commercials tend to mislead patients and can result in the breakdown of the doctor-patient relationship … According to an FDA survey, 65% of physicians said that DTCA for drugs sent confusing messages to the patients …” Importantly, drug ads must:23

  1. not be false or misleading
  2. present a “fair balance” of information describing both the risks and benefits of a drug
  3. include facts that are “material” to the product’s advertised uses, and
  4. include a “brief summary” that mentions every risk described in the product’s labeling

Have you ever seen an ad for the COVID jab that held true to these four requirements? I can’t think of one. People who have been injured by the COVID jab are now also starting to speak out, saying they feel betrayed and misled, as they were never told about the potential dangers of the shot.

One excellent example is the Substack writer Joomi’s story, “I Was Deceived About COVID Vaccine Safety.”24 Has mainstream media become too corrupted to serve its intended function? I believe so. At bare minimum, the likelihood of getting the truth on anything related to government or health, specifically, is virtually nil these days.

BAD NEWS For CNN: Largest Shareholder Of New Company That Owns CNN Is Billionaire Trump-Donor

Amber Crawford 
Feb 7th, 2022

CNN’s long history of establishment bias may be nearing its end.

Following the resignation of CNN’s president, Jeff Zucker, the network’s future may trend away from Left-leaning political opinions, and more towards impartial news reporting.

Later this year, CNN will finalize its merger with Discovery Inc., and John Malone, the CEO of Liberty Media, is expected to have notable control over the news site. Liberty Media is Discovery’s largest shareholder, giving Malone a 25% voting share in the company which will be taking control of CNN.

80-year-old Billionaire, John Malone

The businessman’s past actions/statements have led many to believe that Malone will aim to adjust CNN’s Liberal biases towards more “impartial” journalism.

In 2017, Malone donated $250,000 to Donald Trump’s inauguration. Back in 2019, Malone boldly stated that he “would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing.”

“I do believe good journalism could have a role in this future portfolio that Discovery-TimeWarner’s going to represent,” Malone also told CNBC.

The network’s ratings and viewership numbers have steeply declined this past year, fueling speculation that there will be some significant changes made under new ownership.

Without Zucker’s influence, Discovery’s CEO David Zaslav will undoubtedly hold more control over CNN operations. And, while Malone could have a great deal of influence over CNN’s fate, Zaslav has not yet made any indications about his views on the political biases or future of CNN.

Facebook Plummets 20% After Missing Across The Board; US Users Drop, Guidance Disappoints

Heading into today’s earnings from social media giant Facebook Meta (technically, the first quarter since the company changed its name), JPM previews expectations as follows: buy-side is at the top end of Q4 guide (21%reported growth), with the expectation that management steer to a Q1 deceleration q/q (consensus +16%) and reiterate $91-97b FY expense guide. With the new reporting structure, the bank expects RL to represent a LSD% of total revenue and would like to see additional disclosure around VR unit shipments, engagement, developers, etc. The bank also expects FB to have passed 10m active VR units.

If that sounds a bit too arcane, Loup Funds’ Gene Munster simplifies it, tweeting that “the most important metric is MAU/DAU growth. Street is looking for up 5%. If the base is growing, the company can power through IDFA and macro headwinds. If engagement declines, FB will need the metaverse to bail them out.”

As for why FB (not to be confused with META) matters, JPM writes that its earnings along with AMZN, Friday’s Payrolls and the upcoming CPI print, will determine whether the market can sustainable rise from here.

Unfortunately, if it really depends on Facebook then we have a problem because moments ago Facebook reported EPS and DAU which both missed, and while the company beat modestly on revenues, the kicker was the company’s revenue guidance was well below expectations, and as a result the stock is crashing a whopping 16% 23% after hours.

Here is what Facebook reported for Q4:

  • Revenue $33.67B, beating est. $33.43B
    • Advertising revenue $32.64 billion
  • EPS $3.67, missing estimate $3.84
  • Operating margin 37%, missing estimate 38.7%

Some context: earnings were 4% below expectations, and that is enough to make it the company’s biggest miss ever.

And visually:

It was also ugly across the board on the user side:

  • Monthly Active Users 2.91B, missing estimates 2.95B
  • Daily Active Users 1.93B, missing estimates. 1.95B

Digging through the numbers shows that the company’s DAUs in the US and ROW actually declined in Q4!

And then there was guidance which was even worse:

  • Q1 Rev. $27B to $29B, Est. $30.25B: FB expects year-over-year growth in the first quarter “to be impacted by headwinds to both impression and price growth.”
  • Sees 2022 total expenses in the range of $90-95 billion, updated from the prior outlook of $91-97 billion: FB: “Our anticipated expense growth is driven by investments in technical and product talent and infrastructure-related costs.”
  • Sees 2022 capital expenditures, including principal payments on finance leases, in the range of $29-34 billion, unchanged from the prior estimate

As a reminder, starting this quarter, the company reports its financial results based on two reportable segments:

  • Family of Apps (FoA), which includes Facebook, Instagram, Messenger, WhatsApp and other services.
  • Reality Labs (RL), which includes augmented and virtual reality related consumer hardware, software and content

These are shown below:

Commenting on what was a dismal quarter, the CFO had this to say:

  • On the impressions side, we expect continued headwinds from both increased competition for people’s time and a shift of engagement within our apps towards video surfaces like Reels, which monetize at lower rates than Feed and Stories.
  • On the pricing side, we expect growth to be negatively impacted by a few factors:
    • First, we will lap a period in which Apple’s iOS changes were not in effect and we anticipate modestly increasing ad targeting and measurement headwinds from platform and regulatory changes.
    • Second, we will lap a period of strong demand in the prior year and we’re hearing from advertisers that macroeconomic challenges like cost inflation and supply chain disruptions are impacting advertiser budgets.
    • Finally, based on current exchange rates, we expect foreign currency to be a headwind to year-over-year growth.
  • In addition, as previously noted, we also continue to monitor developments regarding the viability of transatlantic data transfers and their potential impact on our European operations.

In kneejerk reaction to this dismal quarter, Facebook is down 23% or $75 to $245, the lowest price since Jan 2021.

The afterhours drop of $70, or about 23%, is the single biggest one-day drop in FB history. In market cap terms, FB has lost $165 billion in market cap, or roughly half the market cap of Ether.

Meanwhile, these guys had literally one job and, yet, 52 out of 62 highly paid Wall Street “professionals” just cost their clients billions…

Source: ZeroHedge

Once the Richest Man in Asia, China Evergrande’s Founder Hui Ka Yan, Now Watches as His Company Faces Insolvency

Joe Hoft
January 31st, 2022

The Evergrande crisis continues.

Yahoo News reports:

The opening last year of the world’s largest artificial resort island, developed by China Evergrande Group for nearly $13 billion, was the realization of the ambitions of founder Hui Ka Yan, who sketched a design for the project himself.

Now Evergrande is in default to global bondholders, the former Communist Party secretary of the small Hainan island city where Ocean Flower Island was built is serving a life sentence for bribery, and officials in Danzhou city have ordered 39 of the project’s towers – roughly 3,900 of the island’s 65,000 homes – to be demolished over environmental and construction violations.

The demolition of part of the 2,000-acre, flower-shaped project would add to the woes of what was once China’s top-selling developer, which is now reeling under more than $300 billion in debt, struggling to revive sales and repay creditors and suppliers.

Government documents related to the project and details provided by two sources with direct knowledge of the island’s development show how the work skirted environmental and zoning regulations during nearly a decade of development, eventually drawing scrutiny from regulatory authorities.

As noted, Hui was Asia’s richest man at one point.

In 2017, Hui was Asia’s richest man. As recently as July 2021, the former steel technician could be found mingling with power brokers in Beijing at a celebration to mark the centenary of the Chinese Communist Party.

Chinese authorities have been scrutinising the firm and Hui’s assets since late last year to determine whether anything was hidden, and the central bank has blamed mismanagement and breakneck expansion for Evergrande’s problems.

As Evergrande, now at the centre of China’s property sector liquidity squeeze, pushed ahead with the resort island, it ran into environmental issues, in particular over land reclamation that damaged the local ecology, the two sources said.

The Evergrande crisis has not only impacted Asia’s former richest man, but it also impacts Hong Kong’s former richest woman.

The company with over $300 billion in debt is now facing bankruptcy.  The property management sector in China, one of its biggest sectors is in peril.  Is this the beginning of massive financial challenges for companies in this market?  Time will tell.

Starbucks Unexpectedly Joins Growing Movement of American Companies, Formally Drops All Vaccine Requirements

Jared Harris, The Western Journal
January 20th, 2022

It seems the tide has been turning against vaccine mandates.

And now one of the biggest and most unexpected names yet has dropped its own requirements for employees.

Starbucks Chief Operating Officer John Culver announced the major reversal Tuesday in a memo obtained by the Associated Press.

The company says the decision is driven largely by the recent Supreme Court ruling gutting President Joe Biden’s vaccinate-or-test rule.

Starbucks warned employees about the dangers of the omicron variant in early January. According to Culver’s original memo, the vaccine was “the best option we have, by far, when it comes to staying safe and slowing the spread of COVID-19.” While the company may still believe that is the best course of action, they are now allowing their employees to make that decision for themselves.

Since the Seattle coffee megacorporation has locations in cities across America, this reversal will impact communities from the coasts to the heartland.

The announcement undoubtedly comes as a welcome relief to those who would have otherwise lost their livelihoods as the deadline approached.

Fortunately, Starbucks is not alone in abandoning vaccine requirements.

General Electric’s own 174,000 employees, which far exceeds the 100-person vaccine mandate threshold set by the Biden administration, got their own good news last week with a major announcement from the company.

According to CNBC, General Electric suspended its own requirements on January 14. This company’s reversal also followed the decisive ruling from the high court.

While a spokesperson said workers were still encouraged to get vaccinated, it appears that nobody will be losing their jobs over a personal medical decision.

It’s not just private businesses dumping these mandates, either.

Several colleges in Virginia are now getting rid of vaccination rules previously imposed on staff.

Virginia’s WRIC reported that Virginia Commonwealth University, Virginia State University and other schools are among the institutions that have dropped strict medical requirements for employees.

The move follows not only the Supreme Court decision, but an executive order from newly-elected GOP Gov. Glenn Youngkin axing a state mandate.

Nevada schools are also taking advantage of a December vote by state legislators to make the state’s emergency vaccine mandate temporary instead of permanent. According to the Nevada System of Higher Education Chancellor Melody Rose, the vote “eliminated ‘the legal basis for student vaccines to be a requirement for registration for classes.’”

With local lawmakers, businesses, colleges, much of the public and even Supreme Court justices rejecting harsh vaccine mandates, it seems the tide is now turning against would-be medical tyrants.

If this trend continues it won’t be long before places like California and New York, both still with strict COVID controls in place, are unrecognizable compared to the rest of America.

This article appeared originally on The Western Journal.

Stock Prices Drop for Early Pandemic Successes Netflix, Peloton as More Americans Venture Outside

Stock prices are dropping for Netflix and Peloton, each of which grew considerably during the earlier stages of the pandemic when Americans and others worldwide had to exercise and entertain themselves at home.

Netflix stocks dropped sharply Friday, amid a decline this week in market value for of other pandemic favorites. The declines are at least in part the result of investors forecasting a return to normality as more countries gradually relax COVID-19 restrictions, according to Reuters.

The selloffs for Netflix, a content streaming service, and Peloton, the maker of high-end stationary bikes, began earlier this week after they posted disappointing quarterly earnings.

Analysts think COVID’s new Omicron variant – highly contagious but apparently not as deadly – will not be as economically devastating as the first wave of cases that began roughly two years ago.

“This is a confirmation that the economy is gradually moving towards some sort of normalization,” Andrea Cicione, the head of strategy at TS Lombard, told the wire service.

Peloton shares reportedly lost nearly a quarter of their value overnight Friday erasing nearly $2.5 billion in market value after the company’s CEO said the company was reviewing the size of its workforce and “resetting” production levels.

Peloton, hurt earlier in the pandemic by shipping delays as a result of huge demand, has denied a report this week by CNBC that the company has temporarily halted production of at least some of its bikes and treadmills amid decreased demand.

Netflix shares dropped nearly 20% after it forecasted that new-subscriber growth in the first quarter would be less than half of analysts’ predictions, Reuters also reports.

The company has said its growth has been challenged by a growing and increasingly competitive streaming market. 

Despite Government and Mainstream Media Demonization the 3D-Printed Gun Business is Booming

By Matt Agorist

Since before he was elected, president Joe Biden has promised more gun control, and he is doing everything in his power to keep this one promise — up to and including executive action — specifically targeting 3D printing of guns. Or, as Biden refers to them, Ghost Guns.

The term “ghost gun” is meant to incite fear and is used by the anti-gun crowd as a slogan to sway the ignorant away from the fact that law-abiding citizens often customize their legal weapons with parts obtained online or manufactured in their homes. Some of the parts are drilled with machine tools or 3D printed and therefore do not have a serial number so it is harder for government to track the weapons. Biden will make this legal activity for law-abiding gun owners — illegal.

However, as the Fast and Furious scandal — which happened under Biden’s tenure as VP — shows us, serial numbers on guns don’t stop anyone from committing crimes. The US gave serialized weapons to cartels, who in turn used them on Americans.

For generations, advocates of private gun ownership have been fighting exhaustively through political channels to protect their right to keep and bear arms. Gun owners even have one of the strongest lobby groups in Washington, the highly disappointing NRA. Yet over the years, gun rights continue to diminish in America, despite the constant political campaigns by the NRA and politicians who claim to support gun rights.

However, in the past few years, one guy with a good idea has managed to do more to protect gun rights than the NRA has in decades of political involvement. Cody Wilson is the founder of “Defense Distributed” and the “Wikiweapon” project, which allows anyone with a 3D printer to create their own untraceable gun in the privacy of their own home.

While alarmists claim that 3D-printed guns will be the end of humanity, the fact is that these plans have been online on torrent and dark web sites for years and we’ve yet to see an onslaught of violence with them.

What’s more, as the gruesome murder-suicide on a college campus in Walnut Creek, California illustrated is that people don’t even need these plans or 3D printers if they want to make their own untraceable gun. Scott Bertics built the gun he used to shoot himself and Clare Orton without anyone knowing and entirely through legal measures.

Psychopaths who want to cause harm to others will cause harm to others using any means necessary. Limiting the ability for law-abiding citizens to protect themselves will never change this.

Wilson makes no secret that the intention behind distributing CAD files to create homemade guns is to make gun control measures obsolete and bolster the Second Amendment, which is under continual assault from anti-gun activists.

Naturally, this has put a target on his back. This week, Forbes published an interview with Wilson, in which they referred to him as the “World’s Most Dangerous Crypto Anarchist.”

Forbes paints Wilson as some evil shadowy figure who pines away in the darkness waiting to unleash terror on the world. But in reality, Wilson is an entrepreneur who has helped make self-defense, open source.

Forbes cites statistics from the Bureau of Alcohol Tobacco Firearms and Explosives, which claims that from 2016 through 2020, some 23,906 suspected ghost guns were recovered from crime scenes, including 325 homicides or attempted homicides.

But, as mentioned above, these weapons are likely not 3D printed and instead are ordered as parts from various places on the internet or had their serial numbers rubbed off. Nothing is inherently immoral about building these guns either, but the feds, and Forbes, attempting to use “ghost guns” to fear monger, completely ignores the intent behind them.

In Chicago, in 2021 alone, there were 783 murders and an additional 3,592 shootings, none of which were carried out with 3D-printed or constructed weapons. During the same time period, millions of people downloaded 3D blueprints for guns and Wilson generated nearly $5 million from his company Defense Distributed.

The 3D gun business is booming and it’s not leading to massive terror attacks.

Wilson’s company sells subscriptions to his Legio site where members pay between $5 and $8 per month, giving them access to 16,000 files for making firearm and gun components. He also sells 3D printers specifically designed to circumvent the state-sponsored gun control. Coupled with his new software, dubbed the “Zero Percenter” — because it can turn a completely untouched piece of aluminum into a firearm — Defense Distributed products are a means of leveling the playing field.

“They are literally trying to control the world. But as the Zero Percenter demonstrates, blocks of metal are also guns,” Wilson told Forbes.

In short, Wilson’s small business is thriving, and largely in part thanks to the federal government’s crackdown on gun rights. Despite fear mongering from the mainstream media and the like, 3D-printed guns are a boon to liberty and will only serve to foster freedom around the world.

This is because guns — in the hands of good people — level the playing field against guns in the hands of bad people. It is this simple. Just imagine the power a 3D-printed gun would give a mother in an African village as warlords come through hacking off the limbs of children with machetes. With enough of the villagers having these guns, they could effectively defend themselves against large groups of tyrants even if they had automatic weapons.

Sadly, mainstream media, as illustrated in this Forbes piece, as well as statists, only see the potentially negative aspects of these 3D-printed guns.

This protectionist attitude is self-serving and one-sided and ignores the benefits of an armed society as well as history. And, it only serves to further the oppression of those who cannot defend themselves.

While it would certainly be an amazing thought to be able to live in a world without guns, that is simply not the case. Until it is the case, anyone who wants to defend themselves and their family, should be able to do so in any manner they see fit — including making their own 3D gun — as the only other option is tyranny.

Source: The Free Thought Project

Nancy Pelosi’s Son Linked to Five Shady Companies Probed by Feds: Report

Ariel Zilber
January 14th, 2022

Paul Pelosi Jr., the son of House Speaker Nancy Pelosi, has reportedly been linked to at least five business entities under investigation by authorities for alleged fraud.

The 52-year-old Paul Pelsoi Jr., the only son of Nancy and Paul Pelosi Sr., was hired by several firms that were subject to both federal and state probes, and meanwhile has “connections to a host of fraudsters, rule-breakers and convicted criminals,” although he has never been charged himself, according to DailyMail.com.

The website reports that in February 2007, Pelosi Jr. was hired as senior vice president by Omaha-based InfoUSA, a database marketing company that was investigated by the Iowa Attorney General’s Office several years earlier for allegedly selling consumer data to fraudsters.

The data was then used to scam sick and gullible elderly people out of money, it was alleged. The investigation was closed and no arrests were made. Pelosi Jr., who was paid a salary of $180,000 per year, joined the firm after the probe ended.

WASHINGTON, DC - DECEMBER 02: Paul Pelosi, Nancy Pelosi and Paul Pelosi Jr attend the 35th Kennedy Center Honors at the Kennedy Center Hall of States on December 2, 2012 in Washington, DC. (Photo by Riccardo S. Savi/WireImage)
Paul Pelosi Jr, 52, is the only son of House Speaker Nancy Pelosi and her husband, investor Paul Pelosi, Sr.

InfoUSA was founded by Vin Gupta, a major donor to former President Bill Clinton. The Associated Press reported that Gupta and his company were investigated by the Securities and Exchange Commission in 2007.

The probe was launched after Gupta was sued by shareholders who allege he misused company funds to fly Bill and Hillary Clinton on private corporate jets.

In 2010, the SEC charged Gupta and two others for “funneling illegal compensation to himself in the form of perks worth millions of dollars.” The case was eventually settled. Gupta did not admit or deny the allegations.

in 2009, Paul Jr. co-founded Natural Blue Resources Inc, an investment company whose stated mission was to “create, acquire, or otherwise invest in environmentally-friendly companies, including an initiative to locate, purify, and sell water recovered from underground aquifers in New Mexico and other areas with depleting water resources.”

But the SEC alleged that the company was secretly run by two convicted fraudsters — James E. Cohen and Joseph Corazzi. In 2014, the agency brought fraud charges against Cohen, Corazzi, former New Mexico Gov. Toney Anaya, and a former executive at the company, Erik Perry.

Vinod Gupta along with President Bill Clinton while golfing together.
In 2007, Pelosi Jr. was hired as senior vice president of InfoUSA, a data marketing company founded by Vin Gupta. Gupta, a fundraiser for Bill Clinton, was accused of fraud by the SEC.

While Cohen and Corazzi claimed to be “outside consultants,” they in fact controlled the company “without disclosing their past brushes with the law to investors.” Pelosi Jr. reportedly owned more than 10 million shares of the company.

The SEC suspended trading in Natural Blue stock. Pelosi Jr. was never charged. According to DailyMail.com, the SEC acknowledged he did not play a “meaningful role” in one of the firm’s key transactions and even testified in court against those who were indicted.

The SEC also said that Pelosi Jr. “strenuously objected” to proposed fundraising contracts and was ousted from the board by Cohen and Corazzi.

Perry and Anaya both reached a settlement with the SEC.

In October 2013, Pelosi Jr. joined FOGFuels, a biofuel company. Just prior to his being named vice president, the company founder, Paul Marshall, was charged by the SEC for allegedly stealing $3 million from elderly investors.

Marshal was accused of using the money “to pay for a variety of…personal expenses, including luxury vacations, child support and alimony payments, and private school tuition and camps for his children.”

Paul Pelosi Jr.
Paul Pelosi Jr., right, has never been charged with a crime.

FOGFuels was dissolved in 2015. Three years later, Marshall was sentenced to six years in federal prison. He was given a reduced sentence after cooperating with the FBI in a separate bribery case involving an official in Atlanta.

In 2014, Pelosi Jr. was named independent director at Targeted Medical Pharma, a Los Angeles-based firm. Seven months after his hiring, he quit the company. A year later, the Food and Drug Administration accused Targeted Medical Pharma of testing drugs on people without authorization, according to DailyMail.com.

The company was not subject to further legal action. It insisted that the investigation by the FDA was due to a “clerical issue.”

In the fall of 2014, Pelosi Jr. became “business development executive” of the Corporate Governance Initiative. An SEC filing stated that CGI was a “non-profit group” focused on “transparency, capitalism and building sustainable organization[s].””

Asa Saint Clair. (Twitter)
Pelosi Jr. also developed ties to Asa Saint Clair, a New York-based executive who was accused by the feds of running a cryptocurrency scam through a fake charity.

In December 2015, Pelosi Jr. was promoted to the position of executive director. During his time at CGI, he reportedly established ties with Asa Saint Clair, a New York-based executive who was accused of running a cryptocurrency scam through his charity, the World Sports Alliance.

The Department of Justice alleged that World Sports Alliance was a “sham affiliate of the United Nations.”

“Saint Clair allegedly defrauded investors in IGObit, a digital currency he claimed WSA [World Sports Alliance] was developing, but which turned out to be the fraudulent bait with which to lure victim investors,” the federal prosecutors alleged.

Saint Clair, who was charged with wire fraud, has pleaded not guilty. He faces up to 20 years in prison if convicted.

Pelosi Jr. endorsed the fake cryptocurrency on its website in January 2018, according to DailyMail.com, writing: “IGOBit is the absolute best offering I have ever seen.”

He has never been charged in connection with IGOBit or Saint Clair.

In July 2016, Pelosi Jr. became a senior adviser at Oroplata Resources, a lithium mining company.

A month before coming on board, Oroplata executives allegedly issued $26 million worth of fraudulent shares and then awarded some of them to themselves and others without board approval.

The allegation was made in a civil lawsuit filed in Nevada in 2018.

Pelosi Jr. is reported to have received 2.8 million of the allegedly fraudulent shares in July 2016, according to DailyMail.com.

Court documents cited by DailyMail.com show that Pelosi Jr. bought the shares for $2,800 — even though the real market value was between $4,228,000 and $5,152,000.

The fraud was allegedly masterminded by Roger Knox, a Swiss asset management firm owner, who was convicted for a “pump-and-dump” scheme totaling $164 million.

Oraplata was one of several firms entangled in Knox’s fraud, according to federal prosecutors.

Knox pleaded guilty two years ago. He faces a prison sentence of up to 20 years as well as possible fines totaling some $5 million.

Paul Pelosi Jr.
Pelosi Jr., who was never charged with a crime, makes no mention on his LinkedIn page of any of the entities that were subject to scrutiny.

Pelosi Jr. was not named in the civil lawsuit or in the federal complaint against Knox.

On his LinkedIn page, Pelosi Jr. makes no mention of his prior positions at InfoUSA, Natural Blue Resources, FOGFuels, Targeted Medical Pharma, CGI, and Oroplata Resources.

His LinkedIn page currently lists Pelosi Jr. as strategic adviser to EVSX, an eco-mining and recycling company based in Quebec, Canada.

Last month, Nancy Pelosi revealed in filings that she and her husband made as much as $30 million in stock trades involving Big Tech firms.

The financial windfall has spurred lawmakers from both parties to push forward legislation that would ban members of Congress from trading in stocks.

Pelosi, the powerful Democrat who represents San Francisco, has been accused of profiting off companies which she is responsible for regulating.

Pelosi is one of the richest members of Congress, with an estimated net worth of more than $106 million, according to an analysis by The Post.

That’s an average of the maximum and minimum estimated value of her assets and liabilities — the methodology used by the Center for Responsive Politics — using her most recent financial disclosure from August, which pegs the maximum at $252 million and the minimum at $40 million underwater.

Pelosi’s husband, Paul Pelosi, is a businessman who runs the venture capital and investment firm Financial Leasing Services and has made countless bets on high-profile companies his wife is supposed to regulate, like Amazon, Apple, and Google.

When asked last month whether the opportunity to profit on trades could create a conflict of interest, the speaker flatly said “no” to the idea of supporting a ban on trading individual stocks.

“We’re a free-market economy,” Pelosi told reporters. “They [members of Congress] should be able to participate in that.”