Comics, 3-31-20: Chip Bok Corona! China Debt

Dr. Fauci, It's Not Nice to Fool Congress About Vaccine
On Feb. 27, 2019, the U.S. House Subcommittee on Oversight and Investigations held a public hearing on “Confronting a Growing Public Health Threat: Measles Outbreaks in the U.S.” that was also broadcast live on C-span. Parents across the nation watched and heard the renowned Dr. Anthony Fauci, MD, Director of the National Institute of Allergy and Infectious Diseases (NIAID), either tell a bald faced lie or show his ignorance when he testified, under oath. On Jan. 30, 2019, Dr. Fauci gave an interview to CBS and said, "These [measles] outbreaks are due to the anti-vaccine movement." -->
​​More here from MedicalVeritas.org

<-- During the Congressional investigation Rep. Guthrie asked Dr Fauci:
"Can measles vaccine cause encephalitis?”

Dr. Fauci without blinking took a Pinocchio turn and answered: "The vaccine? No.”

When the audience broke out in audible disbelief and as the Chair brought the gavel down, Fauci knew he was busted and quickly murmured, “…rare.”
Then Nancy Messonnier, MD, Director of the CDC’s Natl Center for Immunization and Respiratory Diseases, jumped in to help Fauci out. She stated authoritatively, “In healthy children MMR vaccine does not cause brain swelling and encephalitis.”

COVID-19 'Cure' Coming Soon: Vaccine Trial In Progress
3-17-20, MedicalDaily -- Dr Anthony Fauci is a strong proponent of vaccines. He now says, "Finding a safe and effective vaccine to prevent infection with SARS-CoV-2 is an urgent public health priority. This Phase 1 study, launched in record speed, is an important first step toward achieving that goal." Fauci's specialty is virology and immunology. He's been the director of NIAiD since 1984. More here from MedicalDaily.com

Why Trillion-Dollar Coronavirus Bailouts Will Shackle The .
Federalist.com -- Reasons the “Family First Coronavirus Response Act” and other coming bailout and stimulus packages are economic bad news for Americans. Due to our human nature, we make quick studies in dependency when “free” things offered to us. These new entitlements and bailouts may prove to be the proverbial camel’s nose under the tent, just as have nearly all other welfare expansions. Once the bad precedent is established, it is all too likely that the electorate [voters] will have a harder time resisting demands from politicians for greater government control of the economy. These “temporary” programs make permanent national sick leave and paid family leave more likely in the future. National Debt: The debt the federal government owes currently sits at $23.5 trillion. This means every American citizen born in 2020 enters the world owing $73,500 to our nation’s creditors. Emergency spending for the coronavirus only adds to the unconscionable level of debt we already owe. The money this nation borrows will need to be repaid through inflation or higher taxes sometime in the future.

​US Debt to China:
How Much, Reasons, What Could Happen
2-21-20, As of December 2019, the U.S. debt to China is $1.07 trillion.  [It helps China's economy by keeping the yuan fixed to the dollar.] That's 16% of the $6.7 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $23 trillion national debt is owned by either the American people or by the U.S. government itself:

• China has the second-greatest amount of U.S. debt held by a foreign country.
• Japan rose to first place in June 2019. As of December 2019, it owned $1.15 trillion.
• It's followed by the United Kingdom at $332.6 billion,
• Brazil at $281.9 billion, and Ireland at $281.8 billion.

​Since Nov 2013 China has reduced its holdings of U.S. debt. It is taking steps to make its currency, the yuan, transition to a global currency. To do that, China had to loosen its peg to the dollar. That made the yuan more attractive to forex traders in global markets. China's economy is also slowing down due to President Trump's trade deals. As China's exports decline, it's less able to invest in U.S. Treasurys. 

​China Sued for Covering Up Coronavirus Pandemic | Law & Crime
3-16-20, Law&Crime -- Recently a class-action lawsuit was filed in the U.S. District Court for the Southern District of Florida China (PRC), alleging that China put its "... covered […] up" the eventual coronavirus COVID-19 pandemic for its own economic self-interest"-at the expense of the rest of the world. 

​Coronavirus Class Action Alleges China Hid Virus News ..
On March 26, 2020 A class action lawsuit has been filed against the Republic of China by the owners of U.S. small businesses claiming that the country engaged in a cover-up which enabled the spread of the coronavirus across the world. ...According to the coronavirus class action, the Chinese government finally alerted the WHO about pneumonia with an “unknown cause” on Dec. 31, 2019, one and half months after the first reported case. The plaintiffs argue that the misconduct of China has caused monetary and damages to them as well as other Class Members who own small businesses in the United States. These damages, they allege, exceed hundreds of billions of dollars and will continue to escalate as many of these businesses have been forced to close or work at a reduced capacity.