Remember when you were about 21, assuming you are now older than 30, and you had by that time, acquired quite a bit of knowledge and experience. If you’re not at least 30, this is still an interesting philosophical and potentially puzzling way to look at life.
My generation, the baby boomers had tons of information thrown at them, but nothing like today, where the amount of information just about everyone has access to, can be overwhelming and mind-numbing. I’ve come to believe the philosophy of life and the acquisition of knowledge and wisdom is analogous to putting a puzzle together.
Conceptualize yourself, when you were or are young, going to the store and buying this huge 1 million piece puzzle. You get home and open the box and come to find out, 98% or 980,000 of the pieces of the puzzle are missing and you don’t even know where to start looking to find them. Of course, the governments, educators, and advertisers of every ilk are throwing info at you at the speed of light, literally, to get you to either buy their message, products or services.
Of course, the more money you have available to you, this can give you even greater access to those selling the information for the highest prices and we intuitively believe those who demand the highest prices, must have the best information, and for the most part this is probably true.
Of course, you then hear stuff like “We’ll know our disinformation program is complete when everything the American people believe is false”, allegedly coming from the former Director of the CIA in 1981, William Casey. Then you read about the Pentagon Papers and find out the President of the United States, Lyndon Johnson, the Secretary of State Robert McNamara and several high ranking Naval Officers at the Pentagon, were complicit in lying to the American people about the Gulf of Tonkin attack, that didn’t occur, yet still they still told the world the North Vietnamese had attacked one of our Naval ships. They used this lie to get the American people to except the U.S. Government’s full involvement into the Vietnam War, where some 150,000 young American men died and many thousands more were wounded. Then you find out the U.S. military industrial complex profited handsomely off this war and many of those companies and their shareholders contributed heavily to the campaigns of many politicians, both major Parties, including Lyndon Johnson.
When you were young, and be honest with yourself, you were not really sure you even had the right puzzle, so what knowledge you sought was surely important. If you had information and it didn’t seem to fit into the puzzle, it could be extremely confusing and frustrating. You don’t know if you just have the wrong puzzle or if the information you were getting is true or not. Add in the various deceptive practicing used by the various groups to try to sell more info and stuff to you, it can be agonizing trying to weed through the data in order to compete against the millions of other people, to obtain the best education, job and potential future.
Add in the disheartening fact that 5 out of every 100 people have at least one sociopathic personality trait/characteristic and therefore many of them couldn’t care less if you literally live or die, and therefore, knowing if you really have the right puzzle and facts, really becomes important, unless you yourself, are a sociopath.
The best way to confirm, in my opinion, that you have the right puzzle is to keep trying to fit the pieces into place. If it doesn’t make sense and keeps frustrating you, try another puzzle or try using different pieces of knowledge, until it does start to make sense. Hopefully, as one ages and gains ever increasing amounts of knowledge, experience and insights, all the pieces of the puzzle you have been acquiring all your life will start fitting in place. To say that patience can be a virtue, is an understatement. I see so many people who appear so unhappy, and I always wonder if they just have the wrong philosophical puzzle, or they are just so arrogant or stubborn, they won’t except the truths or continue to naively fall for the lies.
From at least 5,000 years, the price equilibrium and basis of value, has been gold and silver for the vast majority of people around the world. Right now, just about every person on the planet that has some spare cash, can easily find out exactly how much of their particular currency they would have to use to buy one ounce of gold or silver, unless perhaps they live in a remote village in the Amazonian basin, and they don’t have or need money.
Price equilibrium or lack of price stability is the primary reason why fiat and crypto currencies don’t make for good mediums of exchange, money. Their value and prices have not remained stable over long periods of time. The uncertainty of what the price or value will be next week, month, or year surely discourages some people from excepting them, especially those businesses that operate on small profit margins. A loss in value of the currency of say 5% could make some companies that only have an annual single digit profit margins unprofitable and thus unable to continue to operate. Grocery stores are one such group of companies that often operate on single digit annual profit margins. With cryptos going up or down over 10% in a single day, they would not be a rationale fit for even the largest grocery chains.
Bitcoin, the crypto token with the largest market cap, price volatility has been huge and many fiat currencies around the world have lost more than 5% in value just in the last year. Also, just in the last year, Bitcoin has gone from a high of just under $40,000 to a low of about $15,700 and now stands at $28,972 down 25.29% for the year. Since 1900, the USD has lost over 98% of its original purchasing power and value, and the Federal Reserve Bank and government have had to go to extremes to both stimulate the U.S. economy and slow the inflation rate. If we are in a period of stagflation, as many economists suggest, their efforts over the long term will be futile, either ending up in long term recession/depression or hyper-inflation.
Some politicians started promising they would cut the Federal budget 40+ years ago and other than the sale of military bases under the Clinton Administration, the total Federal budget did not go down one penny in all those years, leaving us today with $32 trillion in debt that we the taxpayers must pay interest on. No one has ever been able to drain the swamp, at least in my lifetime, so don’t hold your breath and it’s likely way past the point to no return, to do so now.
I’m not trying to pick on Bitcoin or any other crypto token, but they will not make for good currencies unless they are, at least, partially backed by a commodity that has a stable value. One could argue that neither does gold or silver, as their prices have also gone significantly up and down over recent years.
However, it is not the purchasing power of gold and silver that has gone up or down, it’s the value of the currency that they are being compared to. What you can purchase with one ounce of silver or gold has remained about the same for at least the last 125 years.
There must be underlying reasons why so many central banks, governments, and investors have been buying gold and silver in the last decade at record amounts. The issuers of fiat or crypto currencies would be wise to at least partially back them, as the USD and most other currencies once were, with physical gold and or silver. The price equilibrium and value of the fiat and crypto currencies have been way too volatile for the markets to be totally comfortable with them and even the smallest amount of uncertainty continue to affect the prices of just about everything.
There are various functions that many consider to be necessary for something to be a good medium of exchange and store of value. To fulfill these various functions, money must be:
Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability).
Durable: able to withstand repeated use.
Divisible: divisible to small units.
Portable: easily carried and transported.
Acceptable: most people must accept the money as payment
Scarce: its supply in circulation must be limited.
As is self-evident, with both crypto and fiat currencies, it can be easily argued that they do not provide all these functions and fungibility, acceptance and scarcity are major considerations.
It is self evident that open debate, transparency, and freedom of speech are key components within the confines of a democratic republic and a civil society. Yet, despite the ease of allowing both, there are so many institutions, including academia, social media, MSM, government organizations and corporations, that discourage them.
Many entities do not have or allow a comment section, they Censor, Deplatform, Demonetize (C, D or D) and these practices have become commonplace. There is one other category that is interesting. They have a comment section but the comment section is “closed” allowing no additional comments. Those, I place in the Censorship category.
As we continue down the path of greater technological involvement in media, censorship and ostracism are rearing their ugly heads, no longer able to hide from we the people so we must expose them.
Every single website creation platform has a plethora of templates and simple mechanisms for allowing a comment section, yet so many eliminate this ability. The fact that those that do this, are many of the ones that should be the most transparent and open to debate is of a particular interest. That many of these same entities somehow end up at the top of the various search engines results is even more intriguing. Of course, if you find something about any of these entities that contradicts the classification, let us know.
I’ve started this list in order to expose those wishing to censor and/or not be fact checked. It should be noted that some of the smaller organizations I’ve spoken while trying to get them to implement a comment section often say they do not have the manpower to monitor and participate in a comment section. We must at least try and do our best.
No comment section C, D, or D No C, D, or D w/comments
World Heath Organization (WHO) of the United Nations
American Inst. for Econ Research (AIER)
American Progress (CAP)
Rules of Engagement: If a person is simply posting irrelevant name calling, adding nothing to a debate, blocking them or deleting their comments is potentially justifiable. Whereas, calling someone a criminal with supporting evidence would be acceptable, so one’s ability to make reasonable arguments is extremely important, even if you disagree. Sadly, there are those who wish to discourage the truth from becoming known for personal gain or to protect themselves from prosecution, and thus who these people are and which organizations they work for is part of the rationale for creating this page. It should also be noted that how easy it is to address, rectify or find out the reason(s) and cure the reason for censorship, should also be taken into consideration when dealing with these issues. Some sites will not even respond or provide a reasonable dispute and petition methodology. **Only Academics with institutional email can write or comment – appears Marxist leaning based on academic government grants and overall content. As the only current administrator of the page, which will increase over time, I will do my best to mitigate any disagreements among the posters who choose to participate and will surely call on the advice and knowledge of others, so don’t fear, that I will become the “all mighty” final arbiter in all things truthful. I enjoy telling the truth and exposing the lies to much, to be a minion or lackey of the Fasci.
“Cost of Sales: Cost of sales was $1.9 billion, or 39% of product sales, for the fourth quarter of 2022, including third-party royalties of $604 million, of which $400 million related to a catch-up payment to the National Institute of Allergy and Infectious Diseases (NIAID) for a new royalty-bearing license agreement executed in December. The agreement provides for low single-digit royalties on future COVID-19 vaccine sales. Cost of sales, as a percentage of product sales, increased by 25 percentage points, from 14% in the same period in 2021.”
This is a great example of how fascism works. The top 6 or 7 of Moderna’s shareholders all became billionaires in 2021 as the highest increase in reported vaccines deaths and injuries occurred in the history of VAERS. Other then their mRNA vaccine and boosters, they have never brought another product to market.
MODERNA REPORTS FOURTH QUARTER AND FISCAL YEAR 2022 FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATES
Fourth quarter 2022 revenues of $5.1 billion; GAAP net income of $1.5 billion and GAAP diluted EPS of $3.61
Full-year 2022 revenues of $19.3 billion; GAAP net income of $8.4 billion and GAAP diluted EPS of $20.12
Company reiterating approximately $5 billion in COVID-19 sales contracted for delivery in 2023 and expecting additional sales from key markets
Company will file for regulatory approval for mRNA-1345, Moderna’s investigational RSV vaccine for older adults, in the first half of 2023. mRNA-1345 was recently granted FDA Breakthrough Therapy Designation
mRNA-1010 Phase 3 flu vaccine interim efficacy analysis expected to be reviewed by an independent DSMB before the end of the first quarter
mRNA-4157, Moderna’s investigational personalized cancer vaccine in combination with Keytruda®, was granted Breakthrough Therapy Designation; full data set to be shared at upcoming medical oncology meeting and in peer reviewed publication
Company R&D investments planned to increase to $4.5 billion in 2023
CAMBRIDGE, MA / ACCESSWIRE / February 23, 2023 /Moderna, Inc. (NASDAQ:MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today reported financial results and provided business updates for the fourth quarter and fiscal year 2022.
“2022 was another impressive year for Moderna, with over $19 billion in revenue and significant clinical breakthroughs across our portfolio. We continue to provide our Omicron-targeting bivalent vaccines worldwide, with the latest real-world evidence highlighting the continued protection of our vaccines against hospitalization and death,” said Stéphane Bancel, Chief Executive Officer of Moderna. “Our infectious disease platform continues to progress with positive Phase 3 data in RSV for older adults. We are investing to scale Phase 3 manufacturing for personalized cancer vaccines so that we can run several Phase 3 studies simultaneously. With planned R&D investments of $4.5 billion for the year, I am excited about the new medicines we believe we will bring to patients in the coming few years.”
Moderna is also announcing that Juan Andres, currently President, Strategic Partnerships and Enterprise Expansion, will be retiring from the Company in May after more than six years.
“Juan has played a tremendous role since joining Moderna in 2017. Juan served as Chief Technical Operations and Quality Officer and led our manufacturing from an early-stage clinical development company to a commercial company. In 2020 and 2021, Juan did a historic job with his team to scale Moderna for a global commercial launch, during a pandemic. It is unbelievable that he led the team from having made less than 100,000 doses across our entire portfolio in 2019 to more than 800 million doses in 2021 of our COVID-19 vaccine globally, all during a pandemic,” said Mr. Bancel. “Very few manufacturing leaders could have led such an achievement during such a challenging time. We, and the hundreds of millions of people across the globe who received the Moderna COVID-19 vaccine, owe Juan our gratitude.”
Recent Progress Includes:
Respiratory Vaccines
Approved and Phase 3 trials
Spikevax Bivalent BA.4/BA.5 authorized under EUA in the U.S. as a booster dose for all age groups from 5 months.
RSV vaccine in older adults (mRNA-1345) met its primary efficacy endpoint and received Breakthrough Therapy Designation from FDA. mRNA-1345 demonstrated vaccine efficacy of 83.7% against RSV lower respiratory tract disease, defined by 2 or more symptoms, and 82.4% with 3 or more symptoms in older adults. mRNA-1345 was generally well-tolerated, with no safety concerns identified by the Data Safety Monitoring Board (DSMB). Based on these results, Moderna expects to submit a Biologics License Application (BLA) for mRNA-1345 to the FDA in the first half of 2023. The pediatric Phase 1 trial of mRNA-1345 is fully enrolled.
Flu (mRNA-1010) interim analysis from Phase 3 immunogenicity and safety trial demonstrated mRNA-1010 achieved superiority on seroconversion rates for A/H3N2 and A/H1N1, superiority on geometric mean titer ratios for A/H3N2, and non-inferiority on geometric mean titer ratios for A/H1N1. Non-inferiority was not met for seroconversion rates, and geometric mean titer ratios for the influenza B/Victoria- and B/Yamagata-lineage strains. mRNA-1010 was found to be generally well-tolerated.
The ongoing mRNA-1010 Phase 3 efficacy study (P302) conducted in the Northern Hemisphere has accrued more than 200 PCR-confirmed cases. The first per-protocol interim analysis of efficacy is expected to be reviewed by an independent DSMB before the end of the first quarter.
Latent Vaccines
Phase 3 trials
CMV vaccine (mRNA-1647) pivotal Phase 3 study, known as CMVictory, is ongoing, with enrollment more than 40% complete. CMV vaccine candidate mRNA-1647 adolescent trial dosed its first participants.
Early clinical
First participants, adults 50 years of age or older, dosed in Phase 1/2 trial of varicella-zoster virus (VZV) candidate mRNA-1468. VZV causes chickenpox, commonly affecting children and young adults, and shingles in adults.
Therapeutics
Immuno-oncology
Personalized cancer vaccine (PCV) Phase 2 evaluating mRNA-4157/V940 in combination with KEYTRUDA®, Merck’s anti-PD-1 therapy, as adjuvant treatment for patients with high-risk melanoma reported positive topline data, showing a 44% reduction of recurrence or death versus Keytruda alone.
The companies have received Breakthrough Therapy Designation for mRNA-4157/V940.
As previously announced on October 12, Merck exercised its option to jointly develop and commercialize mRNA-4157/V940 pursuant to the terms of its existing Collaboration and License Agreement, and Moderna received $250 million from Merck in the fourth quarter in connection with the option exercise. The companies plan to discuss results with regulatory authorities, initiate a Phase 3 study in adjuvant melanoma in 2023, and rapidly expand to additional tumor types, including non-small cell lung cancer (NSCLC).
Rare diseases
The Phase 1/2 Paramount study of propionic acidemia (PA) candidate (mRNA-3927) is enrolling patients in cohort 5 (0.9mg/kg). Encouraging clinical benefit has been observed to date and all eligible participants continue to opt-in to the Open Label Expansion. Next step is dose selection for the expansion arm of the Phase 1/2 study.
Moderna’s partner, Vertex, initiated Phase 1 trial for VX-522, an mRNA therapy targeted at treating the underlying cause of cystic fibrosis (CF) lung disease for those who cannot benefit from a cystic fibrosis transmembrane conductance regulator (CFTR) modulator. VX-522 is Moderna’s first inhaled mRNA to enter the clinic.
Cardiovascular disease
Phase 1B trial of heart failure treatment candidate, mRNA-0184 was initiated. mRNA-0184 is designed to produce the naturally occurring cardioprotective hormone relaxin.
Moderna now has 48 programs 1 in development across 45 development candidates, of which 38 are currently in active clinical trials. The Company’s updated pipeline can be found at www.modernatx.com/pipeline. Moderna and collaborators have published more than 140 peer-reviewed publications.
Fourth Quarter and Full Year 2022 Financial Results
Revenue: Total revenue for the fourth quarter of 2022 was $5.1 billion, compared to $7.2 billion in the same period in 2021, mainly due to a decrease in sales of the Company’s COVID-19 vaccines. Product sales for the fourth quarter of 2022 were $4.9 billion, a decrease of 30% compared to the same period in 2021, primarily driven by lower sales volume, compared to overall higher demand in the prior year and the related manufacturing ramp up in the fourth quarter of 2021.
Cost of Sales: Cost of sales was $1.9 billion, or 39% of product sales, for the fourth quarter of 2022, including third-party royalties of $604 million, of which $400 million related to a catch-up payment to the National Institute of Allergy and Infectious Diseases (NIAID) for a new royalty-bearing license agreement executed in December. The agreement provides for low single-digit royalties on future COVID-19 vaccine sales. Cost of sales, as a percentage of product sales, increased by 25 percentage points, from 14% in the same period in 2021. The increase was driven by increased royalties, a charge of $297 million for inventory write-downs related to COVID-19 products that have exceeded or are expected to exceed their approved shelf-lives prior to being used, a loss on firm purchase commitments and related cancellation charges of $281 million, and an expense for unutilized manufacturing capacity and related contract manufacturing organization charges of $376 million. These charges, other than royalties, are driven by costs associated with surplus production capacity, overall lower demand and a shift to our most recent Omicron-targeting COVID-19 bivalent booster, mRNA-1273.222
Research and Development Expenses: Research and development expenses for the fourth quarter of 2022 increased by 87% to $1.2 billion, in comparison to the same quarter of 2021. The growth in spending was mainly due to an increase in clinical trial-related expenses, largely driven by increased clinical development activities, particularly with respect to our RSV, seasonal flu and CMV programs. The growth was also driven by the acquisition of a Priority Review Voucher and an increase in personnel-related costs due to increased headcount to support our increased research and development efforts.
Selling, General and Administrative Expenses: Selling, general and administrative expenses for the fourth quarter of 2022 increased by 87% to $375 million, in comparison to the same quarter of 2021. The growth in spending was primarily due to increased external and marketing spend, driven by commercial activities in support of the Company’s marketed products and build-out.
Effective Tax Rate: The effective tax rate was 11% for the fourth quarter of 2022, remained relatively flat, compared to 10% for the same period in 2021.
Net Income: Net income decreased by 70% to $1.5 billion in the fourth quarter of 2022, compared to the same period in 2021.
Earnings Per Share: Diluted EPS decreased by 68% to $3.61 in the fourth quarter of 2022, compared to the same period in 2021.
Full Year 2022
Revenue: Total revenue was $19.3 billion for the full year 2022, compared to $18.5 billion in 2021. Total revenue increased in 2022, primarily due to increased sales of the Company’s COVID-19 vaccines. Product sales for 2022 were $18.4 billion, an increase of 4%, compared to 2021, primarily driven by a higher average selling price due to customer mix.
Cost of Sales: Cost of sales was $5.4 billion, or 29% of the product sales for 2022, including third-party royalties of $1.1 billion. Cost of sales, as a percentage of product sales, increased by 14 percentage points, from 15% in 2021. The increase was mainly due to a charge of $1.3 billion for inventory write-downs related to COVID-19 products that have exceeded or are expected to exceed their approved shelf-lives prior to being used, a loss on firm purchase commitments and related cancellation charges of $725 million, and an expense for unutilized manufacturing capacity and related contract manufacturing organization charges of $776 million. These charges are driven by overall lower demand, in particular from low-income countries, a shift in product demand to our Omicron-targeting COVID-19 bivalent boosters and costs associated with surplus production capacity.
Research and Development Expenses: Research and development expenses increased by 65% to $3.3 billion for 2022, compared to 2021. The growth in spending in 2022 was mainly due to increases in clinical trial expenses, clinical manufacturing expenses, personnel-related costs, and consulting and outside services, largely driven by the Company’s late-stage clinical studies for the RSV, seasonal flu and CMV vaccine programs, as well as continued development of the Company’s pipeline.
Selling, General and Administrative Expenses: Selling, general and administrative expenses increased by 100% to $1.1 billion for 2022, compared to 2021. The growth in spending in 2022 was mainly due to increases in consulting and outside services, marketing expense, and personnel-related costs, primarily attributable to the Company’s continued corporate expansion, particularly in the commercial area and to a lesser extent, in support functions.
Provision for Income Taxes: The effective tax rate was 13% for 2022, compared to 8% for 2021. The increase in 2022 was primarily due to the benefit recorded in 2021 related to the release of the valuation allowance on the majority of our deferred tax assets.
Net Income: Net income decreased by 31% to $8.4 billion for the full year 2022, compared to 2021.
Earnings Per Share: Diluted EPS decreased by 29% to $20.12 for the full year 2022, compared to 2021.
Cash Position: Cash, cash equivalents and investments as of December 31, 2022 and December 31, 2021 were $18.2 billion and $17.6 billion, respectively.
Net Cash Provided By Operating Activities: Net cash provided by operating activities was $5.0 billion for the full year 2022, compared to $13.6 billion for the same period in 2021. Net cash provided by operating activities decreased in 2022, primarily attributable to revenue recognized from deferred revenue in excess of customer deposits received and increased income tax payments, partially offset by higher collection of receivables.
Cash Used for Purchases of Property, Plant and Equipment: Cash used for purchases of property and equipment was $400 million for the full year 2022, compared to $284 million for the same period in 2021. The increase was primarily driven by the Company’s continued business expansion of its manufacturing and research facilities.
Cash Used for Repurchases of Common Stock: Cash used for repurchases of common stock was $3.3 billion for the full year 2022. Moderna did not conduct share repurchases prior to the fourth quarter of 2021. From the end of the third quarter of 2021 to the end of the fourth quarter of 2022, the Company repurchased 27 million shares, reducing the number of common shares outstanding from 405 million to 385 million, more than offsetting 7 million shares of common stock issued in connection with equity compensation over this period.
2023 Financial Framework
Advance Purchase Agreements (APAs): The Company has COVID vaccine sales of approximately $5 billion currently contracted for 2023 delivery, with potential additional sales opportunities in the United States (endemic private and government markets), Europe, Japan, and other key markets. The Company expects product sales in the first half of 2023 of approximately $2.0 billion.
Cost of Sales: Cost of sales for the full year are expected to be in the range of 35-40% of sales, which includes approximately 5% of sales for combined royalties to Cellscript and NIAID.
Research & Development (R&D) and Selling, General & Administrative (SG&A) Expenses : Full-year expenses are expected to be approximately $6.0 billion, with approximately $4.5 billion in R&D.
Income Tax Provision: The Company expects a negligible provision for income taxes in 2023.
Capital Expenditures: The Company expects capital investments for 2023 of approximately $1.0 billion.
Share Repurchase Program
The $3 billion share repurchase program announced in February 2022 was completed early in the fourth quarter 2022. The Company has commenced repurchases from the additional $3 billion program announced in August 2022, and currently has $2.8 billion remaining under this latest authorization.
Corporate Updates
Continued Growth: Moderna had approximately 3,900 employees as of December 31, 2022, compared to approximately 2,700 employees as of December 31, 2021.
Company Accolades
Moderna named a Top Employer by Scienceand Science Careers for an eighth consecutive year.
Moderna named Top Employer by BioSpaces Best Places to Work for Second Consecutive Year.
Executive Committee Update
Juan Andres, President, Strategic Partnerships has announced that he will retire from the Company in May 2023.
Moderna previously announced that Jerh Collins joined the Company in October as Chief Technical Operations and Quality Officer.
On December 7, Brad Miller was appointed Chief Information Officer of Moderna. At the same time, Marcello Damiani, who was serving in the role as Chief Digital Officer, announced that he would retire from the Company after seven and a half years.
Key 2023 Investor and Analyst Event Dates
Vaccines Day: April 11
R&D Day: September 13
ESG Day: December 7
Investor Call and Webcast Information
Moderna will host a live conference call and webcast at 8:00 a.m. ET on Thursday, February 23, 2023. To access the live conference call via telephone, please register at the link below. Once registered, dial-in numbers and a unique pin number will be provided. A live webcast of the call will also be available under “Events and Presentations” in the Investors section of the Moderna website.
The archived webcast will be available on Moderna’s website approximately two hours after the conference call and will be available for one year following the call.
About Moderna
In over 10 years since its inception, Moderna has transformed from a research-stage company advancing programs in the field of messenger RNA (mRNA), to an enterprise with a diverse clinical portfolio of vaccines and therapeutics across seven modalities, a broad intellectual property portfolio and integrated manufacturing facilities that allow for rapid clinical and commercial production at scale. Moderna maintains alliances with a broad range of domestic and overseas government and commercial collaborators, which has allowed for the pursuit of both groundbreaking science and rapid scaling of manufacturing. Most recently, Moderna’s capabilities have come together to allow the authorized use and approval of one of the earliest and most effective vaccines against the COVID pandemic.
Moderna’s mRNA platform builds on continuous advances in basic and applied mRNA science, delivery technology and manufacturing, and has allowed the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases and auto-immune diseases. Moderna has been named a top biopharmaceutical employer by Science for the past eight years. To learn more, visit www.modernatx.com
MODERNA, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited, in millions, except per share data)
Three Months Ended December 31,
Years Ended December 31,
2022
2021
2022
2021
Revenue:
Product sales
$
4,859
$
6,935
$
18,435
$
17,675
Other revenue 1
225
276
828
796
Total revenue
5,084
7,211
19,263
18,471
Operating expenses:
Cost of sales
1,918
952
5,416
2,617
Research and development
1,211
648
3,295
1,991
Selling, general and administrative
375
201
1,132
567
Total operating expenses
3,504
1,801
9,843
5,175
Income from operations
1,580
5,410
9,420
13,296
Interest income
87
7
200
18
Other expense, net
(12
)
(7
)
(45
)
(29
)
Income before income taxes
1,655
5,410
9,575
13,285
Provision for income taxes
190
542
1,213
1,083
Net income
$
1,465
$
4,868
$
8,362
$
12,202
Earnings per share:
Basic
$
3.81
$
12.03
$
21.26
$
30.31
Diluted
$
3.61
$
11.29
$
20.12
$
28.29
Weighted average common shares used in calculation of earnings per share:
Basic
385
405
394
403
Diluted
405
431
416
431
MODERNA, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except per share data)
December 31,
December 31,
2022
2021
Assets
Current assets:
Cash and cash equivalents
$
3,205
$
6,848
Investments
6,697
3,879
Accounts receivable
1,385
3,175
Inventory
949
1,441
Prepaid expenses and other current assets
1,195
728
Total current assets
13,431
16,071
Investments, non-current
8,318
6,843
Property, plant and equipment, net
2,018
1,241
Right-of-use assets, operating leases
121
142
Deferred tax assets
982
326
Other non-current assets
988
46
Total assets
$
25,858
$
24,669
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$
487
$
302
Accrued liabilities
2,101
1,472
Deferred revenue
2,038
6,253
Income taxes payable
48
876
Other current liabilities
249
225
Total current liabilities
4,923
9,128
Deferred revenue, non-current
673
615
Operating lease liabilities, non-current
92
106
Financing lease liabilities, non-current
912
599
Other non-current liabilities
135
76
Total liabilities
6,735
10,524
Stockholders’ equity:
Additional paid-in capital
1,173
4,211
Accumulated other comprehensive loss
(370
)
(24
)
Retained earnings
18,320
9,958
Total stockholders’ equity
19,123
14,145
Total liabilities and stockholders’ equity
$
25,858
$
24,669
MODERNA, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions)
Years Ended December 31,
2022
2021
Operating activities
Net income
$
8,362
$
12,202
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation
226
142
Depreciation and amortization
348
232
Amortization/accretion of investments
31
54
Deferred income taxes
(559
)
(318
)
Other non-cash items
28
–
Changes in assets and liabilities:
Accounts receivable
1,790
(1,784
)
Prepaid expenses and other assets
(1,699
)
(489
)
Inventory
492
(1,394
)
Right-of-use assets, operating leases
21
(58
)
Accounts payable
240
204
Accrued liabilities
612
989
Deferred revenue
(4,157
)
2,824
Income taxes payable
(828
)
876
Operating lease liabilities
(14
)
17
Other liabilities
88
123
Net cash provided by operating activities
4,981
13,620
Investing activities
Purchases of marketable securities
(11,435
)
(12,652
)
Proceeds from maturities of marketable securities
3,151
1,338
Proceeds from sales of marketable securities
3,548
3,105
Purchases of property, plant and equipment
(400
)
(284
)
Investment in convertible notes and equity securities
(40
)
(30
)
Net cash used in investing activities
(5,176
)
(8,523
)
Financing activities
Proceeds from issuance of common stock through equity plans
65
124
Repurchase of common stock
(3,329
)
(857
)
Changes in financing lease liabilities
(184
)
(140
)
Net cash used in financing activities
(3,448
)
(873
)
Net (decrease) increase in cash, cash equivalents and restricted cash
(3,643
)
4,224
Cash, cash equivalents and restricted cash, beginning of year
6,860
2,636
Cash, cash equivalents and restricted cash, end of period
$
3,217
$
6,860
1 Includes grant revenue and collaboration revenue
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: anticipated sales, including the timing of sales, under advance purchase agreements for delivery in 2023 and the associated dollar amounts to be received, which should not be construed as expected 2023 revenue; COVID market dynamics and potential additional sales in key markets; Moderna’s plans to file for regulatory approval for mRNA-1345 (RSV for older adults) in the first half of 2023; timing for review of the mRNA-1010 (seasonal flu) Phase 3 interim efficacy analysis; the repurchase by Moderna of shares of its common stock under its repurchase programs; Moderna’s collaboration with Merck to jointly develop and commercialize mRNA-4157/V940, plans to initiate a Phase 3 in adjuvant melanoma in 2023 and plans to expand into additional cancer types; timing for presentation of full data from the Phase 2 study of mRNA-4157/V940; plans for dose selection and study expansion for Moderna’s propionic acidemia therapeutic; and Moderna’s 2023 financial framework, including Moderna’s anticipated spending on R&D in 2023. In some cases, forward-looking statements can be identified by terminology such as “will,” “may,” “should,” “could,” “expects,” “intends,” “plans,” “aims,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading “Risk Factors” in Moderna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, each filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC’s website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna’s current expectations and speak only as of the date of this press release.
Moderna Contacts
Media: Chris Ridley Vice President, Corporate Communications & Media 617-800-3651 Chris.Ridley@modernatx.com
1 Includes separate COVID Vaccine (mRNA-1273) programs in development for adults, pediatrics & adolescents and separate RSV vaccine (mRNA-1345) programs in development for adults and pediatrics.
It is surely self evident that open debate, transparency, and freedom of speech are key components within the realms of government to advance a civil society. Yet, in today’s world, despite the ease of allowing them, there are so many entities, from Academia to Social Media and Governments and NGOs, that are currently discouraging them. Some do not even have a Comment section, and Censorship, De-platforming and Demonetizing (C, D or D) have become common occurrences.
Every single website creation platform has a plethora of templates and simply mechanisms for allowing a comment section, yet so many eliminate this ability. The fact that those that do this, are many of the ones that should be the most transparent and open to debate is of a particular interest. That many of these same entities somehow end up at the top of the various search engines results is even more intriguing. Of course, if you find something about any of these entities that contradicts the classification, let us know.
I’ve created this, and it can easily be expanded in order to expose those wishing to deny and tell the truth. Please help fill out these lists. by send me those entities you find to be either liars or telling the truth: iapetus2022@protonmail.com
Rules of Engagement: If a person is simply posting irrelevant name calling, and/or adding nothing to a debate, blocking them or deleting their comments may be justifiable. Whereas calling someone a criminal with supporting evidence would be acceptable, even if you disagree witht eh evidence, so one’s ability to make reasonable arguments is extremely important, even if you disagree. Sadly, there are those who wish to discourage the truth from becoming known for personal gain or to protect themselves from prosecution, and thus, who these people are and which organizations they work for is part of the rationale for creating this page. As the only current administrator of the page, which I will allow to increase over time, I will do my best to mitigate any disagreements among the posters who choose to participate and will surely call on the advice and knowledge of others, so don’t fear, that I will become the all mighty final arbiter as many others do. I enjoy telling the truth and exposing the lies to much to be a minion or lackey of the Fasci.
It is well established that our bodies possess gut bacteria that is beneficial for health. Now, researchers from Washington University in St. Louis, MO, have found that our bodies are also home to an average of five viruses responsible for numerous illnesses, although it is unclear whether they have positive or negative implications for health.
Strains of HPV were found in around 75% of participants’ skin samples and 50% of nose samples, while new strains of the virus were found in both skin and nose samples.
“Most everyone is familiar with the idea that a normal bacterial flora exists in the body,” says study co-author Dr. Gregory Storch, a virologist and chief of the Division of Pediatric Infectious Diseases at the university. “Lots of people have asked whether there is a viral counterpart, and we haven’t had a clear answer. But now we know there is a normal viral flora, and it’s rich and complex.”
The findings, which form a part of the Human Microbiome Project funded by the National Institutes of Health, were recently published in the journal BMC Biology.
The research team, led by Kristine M. Wylie, PhD, an instructor of pediatrics at the university, collected 706 samples of bodily fluids from 102 healthy adults aged 18-40. The samples were taken from participants’ nose, skin, mouth, vagina and stools.
All participants were closely screened to ensure they had no viral infections, and they were eliminated from the study if they had had been diagnosed with human papillomavirus (HPV) in the past 2 years, or had a form of active genital herpes in the last 2 months.
For each sample, the researchers used high-throughput DNA sequencing that enabled them to detect a wide range of viruses.
Among 92% of participants, at least one virus was detected, with some participants harboring around 10-15 viruses. On average, each participant harbored five viruses. The researchers say they were surprised to find so many. “We only sampled up to five body sites in each person and would expect to see many more viruses if we had sampled the entire body,” says Wylie.
From the samples, the team detected seven families of viruses. These included viruses responsible for non-sexually transmitted herpes – herpesvirus 6 and 7. These viruses were detected among 98% of participants who were sampled from the mouth.
Strains of HPV were found in around 75% of skin samples and 50% of nose samples, while new strains of the virus were found in both skin and nose samples. Around 38% of female participants had HPV strains in vagina samples, with many of these harboring strains associated with increased risk of cervical cancer, such as HPV 16 and HPV 18.
The researchers also identified adenoviruses – responsible for pneumonia and the common cold – in the majority of samples.
It is possible, the researchers note, that the viruses identified were lurking infections from years before. But Wylie says that dormant viruses usually reside in cells rather than bodily fluids, which is where the viruses were found in this study.
Commenting on their findings, the team says:
“This study is the first to use high-throughput DNA sequencing to describe the diversity of eukaryotic DNA viruses in a large cohort of individuals who were sampled at multiple body sites. This analysis demonstrates that there is a ‘normal viral flora’ in generally healthy, asymptomatic individuals.”
They admit that it is unclear as to whether the viruses are beneficial or detrimental to health, but they hypothesize that the viruses may boost the immune system’s response to harmful pathogens in some cases, while increasing the risk of infection in others.
“It’s very important to know what viruses are present in a person without causing a problem and what viruses could be responsible for serious illnesses that need medical attention,” says Dr. Storch. “While more research remains, we now have a much clearer picture of the communities of viruses that naturally exist in healthy people.”
COUNTER INSURGENCY STUDIES & OBSERVATION GROUP (COIN-SOG)
IT REALLY IS TREASON & COIN-SOG “HAS” THE FIX; A COUNTER INSURGENCY”
Think of it as a way of stopping the criminality, corruption and various usurpations of rights and property by those within the government, and removing those complicit through lawful means. How much more of there greed and corruption can the average person take?
We at COIN-SOG, have been steadfastly against the potential bloodletting of a civil war or even attempting to overrun or overthrow any of the local, States or Federal government bodies. We are seeking to conduct a lawful counter-insurgency (COIN) to route out those criminal elements (Insurgents) embedded within the Federal, State and local governments. We’ve lawfully served, via Notices of Misprision of Treason (Notices), the Congressional and Senatorial overseers of Appropriations, “that funds be made available, for conducting a counter-insurgency (COIN) under the rules of necessity, delegated authority of the provisions of the Bill of Rights, under Sections 3 (insurrection clause) and Section 4 (bounty clause) of the 14th Amendment to the Constitution for the United States of America, a Republic”. As expected, those usurpers embedded within the central government, ignored this request, as we suspected they would, since they are a potential target. The precedence for the use of public funds for a Section 3 (counter insurgency) is well grounded, in both post-civil war tribunals and the more recent WARS on Drugs & Terrorism.
REF: Those Officials, who should be responsible for putting down the insurrection from within have been served the Notices. They are the Chairman of the U.S. Senate Appropriations Committee, Senator Richard Shelby via U.S.P.S CERT # 7020 0090 0001 5743 3481 delivered on 16 SEPT 2020 and the Chairwoman of the U.S. House Appropriations Committee, Congresswoman Nita Lowery via U.S.P.S CERT. # 7020 0090 0001 5743 3474 delivered on 16 SEPT 2020
NOTE: The UNITED STATES DEPARTMENT OF DEFENSE (US-DOD) Dictionary defines a counter-insurgency (COIN), as a US military and/or civilian military function. There is no reference to “PUBLIC” because it is government that operates solely within a “PUBLIC CAPACITY”, and it is those within the government, at the Federal, State, and local jurisdictions who are targeted for violations of their “Oaths of Office” under provisions of Section 3 (insurrection clause) of the 14th Amendment.
The American civilian population AKA: “the people”, find themselves in the middle of an overthrow of their “duly constituted Republic” from without and within the halls “of what was once their government”, exacted by globalist antagonists and traitors, embedded within most every government body across the United States of America and beyond to include the United Nations.
The time has come, for the American civilian population, to stand and defend the pre-existing natural (for many God given) rights of self-defense along with freedoms and liberties for their, loved ones, friends and themselves, sheltered within the “Bill of Rights” and other founding documents of the duly constituted Republic. Failure to do so, will result in falling forever “that comes after the current culling of the global population”, into perpetual economic enslavement exacted by wealthy globalists and the traitors embedded within the United States of America, “a Republic”.
FACT: Nowhere within the founding documents, can you find anything whatsoever, that allows for anyone whatsoever, who operate within a “PUBLIC CAPACITY” to force compliance to the unconstitutional “rule of law”, or tax your labor, promote, act or legislate or otherwise disarm the people themselves, and/or move the nation and its civilian population into a GREAT RESET and NEW WORLD ORDER, and to do so is insurrection and treason.
There is however, Section 3 (insurrection clause) of the 14th Amendment, to the Constitution for the United States of America, that addresses the offenses of infringement, insurrection and treason by those operating within a PUBLIC CAPACITY and it is of the utmost importance, that all Americans understand this. NO, the insurrection clause, is not just a post-civil war provision, as some would have you believe.
The fielding of numerous un-constitutional police state enforcement entities and their activities, is treason.
THE MOST TELLING EVIDENCE OF TREASON: Nowhere within the text of the 2nd Amendment, can one find the phrase, “but in a manner to be prescribed by law”, this my fellow Americans, means any law whatsoever, that prohibits, restricts, limits, requires a permit, tax stamp, or otherwise prohibiting preexisting rights and provisions of the 2nd Amendment, “amounts to an infringement which in of itself is insurrection”. When there are two (2) or more actors to the same insurrection, it becomes an act of treason.
IT IS OF THE UTMOST IMPORTANCE: For all Americans to understand the difference between “PUBLIC & PRIVATE CAPACITY”. This way, you know when some elected Official or bureaucrat is attempting to mislead people, when using the phrase PUBLIC SAFETY” as they promote violating you human and constitutional rights “while violating their Oaths of Office, to do so”.
The UNITED STATES, the STATES, and LOCAL GOVERNMENT bodies, COURTS and their MILITARY, PARA-MILITARIES AKA: POLICE, all operate solely within a “PUBLIC CAPACITY” AKA: PUBLIC SERVANTS. Perhaps, some of you noticed, the police refer to “We the People” as civilians.
American CIVILIANS, aka: the people themselves, operate solely within a “PRIVATE CAPACITY”.
So, now you know the truth, that when someone is operating within a PUBLIC capacity, claims they need to restrict, prohibit provisions to the 2nd Amendment for “PUBLIC SAFETY”, what the usurpers in government actually mean is “THEIR SAFETY…not the safety of the civilian population” (emphasis added).
WE CANNOT OVER EMPHASIS THE FOLLOWING: Public Officials, employees and corporate municipal paramilitaries (AKA: Police) are required to affirm, pledge or swear to an Oath to protect, support and defend the Constitution for the United States of America (USA). Any, offense by the aforementioned “PUBLIC” of attacking the natural rights of self-defense, and provisions of the 2nd Amendment, amounts to “violating their Oath of Office to engage in an act of insurrection, again, when there are two (2) or more actors to the same insurrection, it becomes an act of treason”.
Whereas, any use of public funds to deny the power of the Constitution is defined as insurrection, when there are two or more actors to the same insurrection it becomes an act of treason. REF: In re Charge to Grand Jury, N.D. ILL. (1894), 62 F. 828
FACT: There is no requirement for recall or impeachment of those who violate their Oath of Office. However, when they are charged, they are to be jailed to await a “military or civilian military tribunal” and their assets seized to pay for bounties, REF: “bounty clause”. Upon conviction and the sentence is handed down, the convicted shall not ever again, hold any office of public trust. Those outside government bodies, who conspire, aid and abet the aforementioned insurgents, face the same punishments by the tribunal, “GET IT”?
The only real achievable choice, for “We the People” is to stand against usurpers, infringers, insurgents and their treasonous actions, embedded within government bodies at all levels, or fall forever to the globalist financial RESET and NEW WORLD ORDER.
Qualified COUNTER INSURGENCY (COIN) OPERATIVES…who have affirmed, pledged, or swore to an Oath to defend the Constitution for the United States of America (USA) as a Republic, against all enemies both foreign and DOMESTIC, will accrue the traditional counter insurgent paygrade of Colonel (0-6) @ $7,332.00 monthly, supplemented by bounties, when the insurrection within co-opted government bodies is declared “put down”, counter insurgents will receive full veterans benefits and half (0-6) pay for life.
The War To End All Wars was the call of the war mongers and their bankers, during WWI in order to coerce the Citizens of the United States into entering the war, with the allowance of the sinking of the Lusitania when entering German submarine waters, unescorted, as the final rationale. War is always about financial slavery and profit, not the great lie of social civility. The use of government armies/navies to improve humanity, is simply a grand scheme to swindle and improve the corporate profits of the super wealthy and their minions. Taxation, financial or physical slavery and conscription have long been their favorite ploys going as far back as there is written history. The best story of their deviousness is the story of the infamous clansman John D. Rockefeller and his “charitable” foundation, responsible for the deaths of literally millions of people around the world.
At the ripe old age of 23, John D. Rockefeller, the future robber baron and America’s wealthiest man, started his first transportation company to sell goods to the Federal Government to supply the Union Army during the American Civil War. He also had enough money to be able to pay a “Substitute’ to be conscripted, the unconstitutional use of involuntary servitude by those in power. The war was so unpopular both sides had to enact conscription laws and yet both sides allowed their wealthy to sit on the sidelines via substitution laws, out of harm’s way, to profit from the war. Approximately 500,000 mostly men, of all races, lost their lives and thousands permanently injured. How can it be that America was the only nation in the world to fight a civil war “allegedly” over slavery and saving the republic. Now you know the truth. All the other governments simply enacted legislation abolishing slavery and the U.S. had already abolished the importation of slaves, obviously angering the very clansmen who controlled the Atlantic Slave Trade.
This is something the ruling classes “gatekeepers” as some call them, journalists and government propagandists, do not want the majority to know. The facts that Rockefeller had the money at this age, was able to secure such a government contract and was a large supporter and contributor to the Republican Party who backed Lincoln and the war, should be illuminating for many.
The moral of the story is that the Modus Operandi (MO) of the clan has always been to sell goods and services to the ignorant taxpayers, and they will force us to fight and kill one another if necessary. From vaccines to voting machines to prison telephone systems to nuclear submarines and obviously, they care not what happens to the majority as their money and lives are taken/stolen from them. We are merely slaves of their deviousness, immorality and greed.
Oh, but there is more. The Rockefeller Foundation also financially supported the research of experimental vaccines before and during WWI, inoculating military personnel in all the major nations of the world, who spread the diseases through what is called shedding, our bodies defense mechanism of trying to excrete foreign matter and pathogens, causing their deaths and those they came into contact with. Even though the first case and death from the “Spanish Flu” occurred in Ft. Riley, Kansas, with those who had been inoculated with the experimental vaccine, both government officials and the MSM around the world lied to their people calling it the Spanish Flu. They inoculated the young men and women, at induction in all the countries involved on both sides of the war, sending millions to their deaths around the world, with the very pathogens used in their experiments; human beings used as guinea pigs. More American military personnel died from the influenza, then at the hands of the Axis forces, many of them dying before leaving the United States.
There is no real moral to these stories, only the immorality by those who ignorantly acquiesce and are fooled by the deviants, continuing to allow these actions to continue. When I hear people thank me for my service, when they find out I was drafted during the Vietnam War, causing well over 150,000 young men to needlessly die for increased profits of the military industrial complex and politicians, it sickens me. When is it going to sicken everyone?
Evidence the FDA knew in advance, the various contraindications of the mRNA inoculations prior to their approval and did not, as legally required, disclose them to the public. https://www.fda.gov/media/143557/download Page 16.
The abolition of physical bondage and ownership of another human being throughout much of the world is arguably one of the greatest achievements in human history, which had occurred for a very very long time.
Interestingly enough, when you put history in the correct perspective, it was the white Anglos and Celtic cultures that spearheaded the anti-slavery movement and its eventual abolition worldwide. Of course, the Africans and other fighters of liberty from every other culture joined in, but they also had their oppressive governments to deal with just like the Colonists had the British Crown and other monarchies like the French, Dutch, Spanish, Portuguese, Germans and many others throughout the world to deal with. The Africans had numerous Tribes that had long been involved in slavery and the slave trade. At that time there were very few societies, that did not partake in slavery but in the late 1800s that all started to change.
Our founding fathers had to deal with the various monarchies of the world because it wasn’t until the 1900s that many of those monarchies were finally overthrown. The French, under Napoleon even helped us win the war against the British Crown who had even hired mercenaries from Germany’s Monarchy. The Monarchies often worked together to defeat societies like the Irish Celts who had abolished their government and slavery throughout their lands from approx. 650 AD to 1625 AD before being overthrown.
“King James II and Charles I also led a continued effort to enslave the Irish. Britain’s famed Oliver Cromwell furthered this practice of dehumanizing one’s next-door neighbor. http://www.aohflorida.org/the-irish-slave-trade/ – The Irish slave trade began when James II sold 30,000 Irish prisoners as slaves to the New World. His Proclamation of 1625 required Irish political prisoners be sent overseas and sold to English settlers in the West Indies. By the mid 1600s, the Irish were the main slaves sold to Antigua and Montserrat. At that time, 70% of the total population of Montserrat were Irish slaves.”
When one thinks about how long slavery was promoted by the various governments and tribes like the Romans, Egyptians, Africans, Chinese, Japanese, etc., what the white Anglos fighting against government oppression did, starting with the Magna Carta in 1215 and eventually defeating the British, French, Dutch and German Monarchies which taught others, they too could also defeat their governments around the world, was one of the great achievements in human history and many lost their lives doing it.
My own forefathers had even helped to constitutionally abolished slavery in Vermont in 1777 and fought at Saratoga, and Ft. Ticonderoga, considered “Turning Points” in the American Revolution. It’s just like the separatists, eventually called the Pilgrims, who escaped England to first Holland and then America. They were fighting against both the Church and Crown, so it was as much against the religious persecution as against totalitarian government who use the church and law as a means of physical and monetary slavery.
Any law the takes away a right to property or activities, such as taxes, regulatory fees, fines and penalties, based on malum prohibitum laws are fascist in nature. It’s not that any single malum prohibitum law causes that much social harm, compared to the benefits, it’s the plethora of them that has bankrupted and corrupted every society in history, as it is doing to the U.S. and many others around the world today. https://www.merriam-webster.com/legal/malum%20prohibitum – Malum Prohibitum defined.
Within approximately 70 years after the defeat of the British Crown and the eventual defeat of most of the other European, Asian and Arab Monarchies, slavery was defeated throughout much of the world and it took all the races of the world to defeat it. Blaming one race or another when it was the governments and tribal leaders in collusion with some of the wealthiest commercial interests in the world continuing this dehumanizing practice, is just pure ignorance.
Now, once again, due to all our ignorance, our world is again enslaved, just monetarily. As an example, in the U.S. we have over 120 different taxes and regulatory fees, enacted by the heirs and cronies of the very same old wealthy monetary interests that used physical slavery to increase their profits and wealth. Who do you think is inducing the various bureaucracies to enact all these Malum Prohibitum laws, taxes, fees, fines, and penalties? Understanding fascism; the merger of State and Corporate powers, who together are usurping the rights to property ownership and the fruits of our labor, of especially the civilian populations is a key to understanding the differences between good laws and bad ones. How well do you really understand the differences?
Race is and always has been a human construct erroneously defined and used by disinformation creators within the various statist movements to divide, concur and control their adversaries. The truth is that most of the people of the world are a mixture of many hereditary lines going back hundreds of thousands of years. Those who lived nearer the equator were often darker and those living in the colder climates were lighter. We basically developed our skin colors to cope with the effects of the environment.
We have been taught that race is real and proven by scientific fact, when it is not. It is most often a tool of those who wish to deceive or those who have been deceived.
Thinking that the mainstream, a/k/a corporate owned media companies are not a major portion of social media today, is also an erroneous construct. They and their factcheckers are often the worst purpetrators of misinformation and disinformation, a/k/a propaganda on the world wide web (www) because it is intentional and meticulously planned and executed. They most often project the will of their advertisers, who are some of the largest and most powerful commercial interests in the world.
“Fake news is intentionally-spread misinformation that is in the format of news. Recent incidents reveal that fake news can be used as propaganda and get viral through news media and social media [39; 38].” – see study below.
Consider that Fascism is the merger of state and corporate powers. They will take over our lives if we let them and they will and have used every trick and malicious tactic in the book to accomplish their domination and controls.
From Wikipedia: Defining Race
Modern scholarship views racial categories as socially constructed, that is, race is not intrinsic to human beings but rather an identity created, often by socially dominant groups, to establish meaning in a social context. Different cultures define different racial groups, often focused on the largest groups of social relevance, and these definitions can change over time.
The Brazilian census classifies people into brancos (Whites), pardos (multiracial), pretos (Blacks), amarelos (Asians), and indigenous (see Race and ethnicity in Brazil), though many people use different terms to identify themselves.
Historical race concepts have included a wide variety of schemes to divide local or worldwide populations into races and sub-races.
The establishment of racial boundaries often involves the subjugation of groups defined as racially inferior, as in the one-drop rule used in the 19th-century United States to exclude those with any amount of African ancestry from the dominant racial grouping, defined as “white“.[1] Such racial identities reflect the cultural attitudes of imperial powers dominant during the age of European colonial expansion.[3] This view rejects the notion that race is biologically defined.[26][27][28][29]
Oppression by the ideological theory of fascism has occurs throughout history in many nations and by every ill-conceived notion of how race is even defined. Thinking it is only the Caucasians doing this is pure ignorance and most often an erroneous construct of those perceived to be in the minority who ignorantly choose to blame those in the majority on their skin color, religion, culture or national origin, or even tribal affiliations.
Blacks and Asian nations can and have been just as oppressive against their own people including slavery, torture and murder to gain power, money and privilege, as the most brutal of Caucasian controlled nations. Thus, we are all to blame for allowing fascism to deceive and manipulate us.
“1, there are several similar terms that may easily get confused with misinformation. For example, disinformation also refers to inaccurate information which is usually distinguished from misinformation by the intention of deception, fake news refers to false information in the form of news (which is not necessarily disinformation since it may be unintentionally shared by innocent users), rumor refers to unverified information that can be either true or false, and spam refers to irrelevant information that is sent to a large number of users”
Jurists 4 Justice; a key to civil society 
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