Close Menu
What The FinanceWhat The Finance
    What's Hot

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Facebook YouTube
    What The FinanceWhat The Finance
    Donate
    • NewsWire

      Capital One-Discover Merger Reshaping the Credit Card Industry

      April 24, 2025

      Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

      April 15, 2025

      Breaking Down the U.S. Budget

      February 14, 2025

      The Financial Impact of Mizotakis Resigning in Greece

      February 1, 2025

      Incoming US President Shocks with $TRUMP Memecoin Launch

      January 18, 2025
    • Bitcoin

      The Rise of State-Level Strategic Bitcoin Reserves

      February 19, 2025

      How Oklahoma is Embracing Bitcoin with Legislation

      January 15, 2025

      Without Bitcoin: A Grim Vision of the Financial Future

      January 6, 2025

      Rumble Video Creators to Be Paid in Bitcoin

      December 24, 2024

      French Politician Advocates for EU Bitcoin Reserve

      December 17, 2024
    • Crypto

      The DAO Governance Battle Between Corporations & Blockchain Rebels

      October 25, 2024

      Altcoin Season Coming to an End? BTC Dominance & Institutions

      September 27, 2024

      Is Tether a $118 Billion Dollar Scandal Waiting to Happen?

      September 18, 2024

      Uncovering North Korean IT Workers in DeFi Scam

      August 16, 2024

      Navigating the Crypto Market: Avoiding Liquidation & Bull Traps

      July 24, 2024
    • Stocks

      NASDAQ 100 Welcomes Bitcoin Through MicroStrategy

      December 14, 2024

      Master the Time Value of Money Financial Concept

      December 9, 2024

      MicroStrategy Convertible Debt Expansion Sparks Stock Surge

      November 21, 2024

      Financial Ratios Guide to Measuring Business Performance

      November 18, 2024

      The Highest Paid CEOs of 2024

      October 1, 2024
    • Global Economy

      Whistleblowers Unmask Schwab’s Toxic WEF Secrets

      April 25, 2025

      Tariff Tensions Drive Market Volatility

      April 9, 2025

      Red in Name Only: Labour’s War on the UK Working Class

      March 18, 2025

      AI, Robotics & the Future of Cheap Production

      January 20, 2025

      Can Milei Inflation Gamble Hurt Argentina’s Future?

      January 13, 2025
    • TradFi
      • Investment Ideas
      • Forex
      • Commodities
      • Best Deals
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What The FinanceWhat The Finance
    Home»NewsWire»Mismanagement Pandemic With US Gov “Losing” $64B on COVID-19
    Real Pandemic?
    NewsWire

    Mismanagement Pandemic With US Gov “Losing” $64B on COVID-19

    December 3, 2024No Comments5 Mins Read
    Share
    Twitter Facebook Reddit LinkedIn Telegram

    The COVID-19 pandemic was a scary period in the history of humanity. Never before has the earth’s population be confined for over 2 years, in what was effectively a house arrest. The “plandemic”, as some called it, revealed more than vulnerabilities in global systems and governance. Beyond exposing deep flaws in crisis preparedness, response, and accountability, it also showed a more sinister side of humanity. A situation where control and enforcement was more important than the democratic discourse.

    The Select Subcommittee on the Coronavirus Pandemic, in its comprehensive final report, provided critical insights into what went wrong and how future pandemics can be mitigated. Spanning oversight on origins, funding, policy responses, and socio-economic impacts, the report underscores lessons that must inform the future. Or so everyone should hope.

    Origins of COVID-19: The Lab Leak Hypothesis

    The report gave substantial weight to the “lab leak hypothesis,” positing that COVID-19 likely emerged from a laboratory or research-related accident at the Wuhan Institute of Virology (WIV). Early indicators, including a 2023 Office of the Director of National Intelligence (ODNI) report, highlighted that WIV researchers had been conducting gain-of-function experiments under suboptimal safety conditions. As former CDC Director Dr. Robert Redfield testified, “COVID-19 infections more likely were the result of an accidental lab leak than the result of a natural spillover event.”

    Key evidence supporting this hypothesis includes:

    • Chimeric Virus Research: The WIV’s projects included creating SARS-like viruses, a practice involving genetic manipulation that risked accidental exposure.
    • Proximity of Outbreak and Laboratory: Wuhan, the pandemic’s epicenter, houses China’s leading SARS research facility.
    • Unverified Zoonotic Evidence: Unlike earlier pandemics, there has been no conclusive proof of COVID-19’s transfer from animals to humans in Wuhan’s markets.

    The report also revealed troubling interference from governments and scientific bodies. In an effort to discredit the lab-leak theory, Dr. Anthony Fauci allegedly encouraged narratives supporting a natural origin, raising questions about transparency during the early stages of the pandemic.

    Mismanagement of Public Health Systems

    Public trust in health institutions eroded as inconsistent messaging and perceived overreach became commonplace. The subcommittee criticized public health officials for exaggerating the efficacy of certain measures, such as mask mandates, and failing to account for adverse consequences. Evidence indicated that:

    1. Mask Mandates Lacked Scientific Consensus: CDC studies underpinning mask mandates often relied on flawed or incomplete data.
    2. Economic and Psychological Fallout of Lockdowns: Broad lockdown policies disrupted livelihoods and inflicted long-term harm on mental health, particularly among children.

    Additionally, Operation Warp Speed, despite its success in vaccine rollout, was tarnished by concerns over the vaccine approval process and the disregard of natural immunity. Vaccine mandates, according to the report, had “massive collateral damage” and were deemed “counterproductive in many cases.”

    Fraud and Abuse in Pandemic Relief

    pandemic Mismanagement

    The pandemic’s economic relief programs became breeding grounds for fraud, with at least $64 billion lost in fraudulent Paycheck Protection Program (PPP) claims alone. The subcommittee found that:

    • Insufficient oversight mechanisms allowed transnational crime organizations to exploit vulnerabilities in relief systems.
    • Enhanced Unemployment Insurance (UI) programs saw over $191 billion in fraudulent payments due to poor data management and lack of interagency coordination.

    These systemic failures highlight the urgency of integrating robust fraud detection and modernizing financial management systems to safeguard taxpayer funds.

    The report heavily criticized pandemic-era school closures, labeling them “unscientific and excessively prolonged.” The closures disproportionately impacted vulnerable communities, deepening pre-existing educational disparities. Key findings include:

    • Learning Loss: Students experienced significant setbacks, with many falling years behind in core subjects like mathematics and reading.
    • Mental Health: Isolation from peers and teachers exacerbated anxiety and depression, particularly in adolescents.
    • Economic Inequality: Students from low-income families faced greater obstacles due to limited access to remote learning tools.

    The subcommittee blamed influential teachers’ unions like the American Federation of Teachers (AFT) for delaying school reopenings by lobbying for policies that were “overly broad and unscientific.”

    The World Health Organization (WHO) faced scrutiny for its response to the pandemic, particularly its alleged alignment with Chinese government narratives. The subcommittee highlighted the WHO’s failure to hold the Chinese Communist Party (CCP) accountable for violating international health regulations. A proposed pandemic treaty, which the report criticized as inadequate, underscores the need for global reform in pandemic governance.

    A Path Forward

    Chairman Brad Wenstrup emphasized the importance of trust and transparency in future pandemic responses: “Accountability, transparency, honesty, and integrity will regain public trust.” Key recommendations include:

    • Reforming Public Health Communication: Agencies must prioritize clarity, backed by sound science, to avoid confusion.
    • Strengthening Oversight: Relief programs should implement real-time fraud detection to prevent future exploitation.
    • Localizing Stockpiles: The reliance on international supply chains for medical supplies must be minimized, with states maintaining their own reserves.
    • Rebuilding Education: Investments in mental health resources and remedial education programs are crucial to mitigate the long-term effects of school closures.

    The Select Subcommittee’s report paints a sobering picture of systemic failures and missed opportunities during the COVID-19 pandemic. It tries also to serve as a roadmap for change. It does not hide, or change one thing, about the public persecution and shaming of all of those that resisted the official line during the crisis.

    The subsequent silencing of those voices will forever be remembered as a bleak point in history. One where in a state of panic, people were martyred socially for raising doubts and asking questions. At a dear cost to the global economy. The subsequent wars that broke out have kept us busy. But COVID19 or whatever it is called next, is something that should never be allowed to happen again.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • April 25, 2025Global EconomicsWhistleblowers Unmask Schwab’s Toxic WEF Secrets
    • April 9, 2025Global EconomicsTariff Tensions Drive Market Volatility
    • March 18, 2025Global EconomicsRed in Name Only: Labour’s War on the UK Working Class
    • March 7, 2025SatoshiCraig Wright Banned from UK Courts with Civil Restraint Order
    2
    Share. Twitter LinkedIn Telegram Reddit Facebook
    Previous ArticleIs De-Banking Discrimination Disguised as Risk Management?
    Next Article The Bitcoin Community Celebrates $100,000 in Historic Moment

    Related Posts

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025

    Breaking Down the U.S. Budget

    February 14, 2025Updated:February 14, 2025
    Add A Comment
    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Recent Comments
    • Bitcoin Grandad on The Aftermath: Craig Wright, BSV & nChain in Crisis
    • Peter Williamson on SUI: A Rising Force in the Blockchain World
    • Peter Williamson on Robotics Revolution 2024: A Guide to 16 Industry Leaders
    Also Check Out

    Craig Wright Banned from UK Courts with Civil Restraint Order

    March 7, 2025

    The Rise of State-Level Strategic Bitcoin Reserves

    February 19, 2025

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    2007 - 2023 | What The Finance Magazine

    We're social. Connect with us:

    Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
    Top Insights

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025

    Red in Name Only: Labour’s War on the UK Working Class

    March 18, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Pages
    • About
    • Advertise
    • Get In Touch
    • Markets
    • Privacy Policy
    • Donate
    • Trending Articles

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok