Monday, May 18, 2020

Silicon Valley Invents “The Free Lunch” – The Doordash-Pizza Arbitrage

Authored by Ranjan Roy via The Margins substack,
If capitalism is driven by a search for profit, the food delivery business confuses the hell out of me. Every platform loses money. Restaurants feel like they're getting screwed. Delivery drivers are poster children for gig economy problems. Customers get annoyed about delivery fees.
Isn't business supposed to solve problems?
Last week's Uber-Grubhub news set off some antitrust alarms for me and got me thinking about the business of food delivery as a whole. But let me start this newsletter with a story about Pizza Arbitrage.

Market Inefficiencies

In March 2019 a good friend who owns a few pizza restaurants messaged me (this friend has made appearances in prior Margins' pieces). For over a decade, he resisted adding delivery as an option for his restaurants. He felt it would detract from focusing on the dine-in experience and result in trying to compete with Domino's.
But he had suddenly started getting customers calling in with complaints about their deliveries.
Customers called in saying their pizza was delivered cold. Or the wrong pizza was delivered and they wanted a new pizza.
Again, none of his restaurants delivered.
He realized that a delivery option had mysteriously appeared on their company's Google Listing. The delivery option was created by Doordash.
To confirm, he had never spoken with anyone from Doordash and after years of resisting the siren song of delivery revenue, certainly did not want to be listed. But the words "Order Delivery" were right there, prominently on the Google snippet.

He messaged me asking me if I knew anything about Doordash, and oh boy, did I get Softbank-triggered. I had just read about their $400 million Series F and it was among the WeWorkian class of companies that, for me, represented everything wrong about startup evolution through the 2010s. Raise a ton of money, lose a ton of money, and just obliterate the basic economics of an industry.
Doordash was causing him real problems. The most common was, Doordash delivery drivers didn't have the proper bags for pizza so it inevitably would arrive cold. It led to his employees wasting time responding to complaints and even some bad Yelp reviews.
But he brought up another problem - the prices were off. He was frustrated that customers were seeing incorrectly low prices.
A pizza that he charged $24 for was listed as $16 by Doordash.
My first thought: I wondered if Doordash is artificially lowering prices for customer acquisition purposes.
My second thought: I knew Doordash scraped restaurant websites. After we discussed it more, it was clear that the way his menu was set up on his website, Doordash had mistakenly taken the price for a plain cheese pizza and applied it to a 'specialty' pizza with a bunch of toppings.
My third thought: Cue the Wall Street trader in me…..ARBITRAGE!!!!

If someone could pay Doordash $16 a pizza, and Doordash would pay his restaurant $24 a pizza, then he should clearly just order pizzas himself via Doordash, all day long. You'd net a clean $8 profit per pizza [insert nerdy economics joke about there is such a thing as a free lunch].
He thought this was a stupid idea. "A business as successful a Doordash and worth billions of dollars would clearly not just give away money like this." But I pushed back that, given their recent obscene fundraise, they would weirdly enough be happy to lose that money. Some regional director would be able to show top-line revenue growth while some accounting line-item, somewhere, would not match up, but the company was already losing hundreds of millions of dollars. I imagined their systems might even be built to discourage catching these mistakes because it would detract, or at a minimum distract, from top-line revenue.
So we put in the first order for 10 pizzas.

The Numbers

He called in and placed an order for 10 pizzas to a friend's house and charged $160 to his personal credit card. A Doordash call center then called into his restaurant and put in the order for those 10 pizzas. A Doordash driver showed up with a credit card and paid $240 for the pizzas.
It worked.

Trade 1

We went over the actual costs. Each pizza cost him approximately $7 ($6.50 in ingredients, $0.50 for the box). So if he paid $160 out of pocket plus $70 in expenses to net $240 from Doordash, he just made $10 in pure arbitrage profit. For all that trouble, it wasn't really worth it, but that first experiment did work.
My mind, as a combination trader and startup person, instantly had the though - just run this arbitrage over and over. You could massively even grow your top-line revenue while netting riskless profit, and maybe even get acquired at an inflated valuation :) He told me to chill out. Maybe this is why he runs an "actual business" while I trade options while doing brand consulting and writing newsletters.
But we did realize, if you removed the food costs this could get more interesting.

Trade 2

The order was put in for another 10 pizzas. But this time, he just put in the dough with no toppings (he indicated at the time dough was essentially costless at that scale, though pandemic baking may have changed things).
Now suddenly each trade would net $75 in riskless profit ⇒ $240 from Doordash minus ($160 in costs + $5 in boxes).
This got a bit more interesting. If you did this a few times a night, you could start to see thousands in top-line growth with hundreds in pure profit, and maybe you could do this for days on end.
So over a few weeks, almost to humor me, we did a few of these "trades". I was genuinely curious if Doordash would catch on but they didn't. I had visions of building a network of restauranteurs all executing this strategy in tandem, all drinking from the Softbank teat before the money ran dry, but went back to work doing content strategy stuff.
Was this a bit shady? Maybe, but fuck Doordash. Note: I did confirm with my friend that he was okay with me writing this, and we both agreed, fuck Doordash.

Google Hijacking and Fake Phone Numbers

Tricking businesses onto your platform and creating additional headaches for small business owners in the pursuit of Softbankian growth is a bad as it gets. Many restauranteurs were complaining about their Google listings being "hijacked" by Doordash, sometimes even usurping their own preferred delivery.
These underhanded tricks aren't unique to Doordash though. In recent weeks there has been some great work coming out around a Yelp - Grubhub phone scam. This one is just priceless (seriously, read this Buzzfeed piece). Grubhub for their own sites generates a phone number for each restaurant that goes to a centralized, Grubhub owned call center. If someone calls in and orders via this number, the restaurant gets charged a fee. Apparently, some enterprising BD folks came up with the idea that Yelp could put the Grubhub phone numbers in place of the real restaurant phone number on the Yelp listing. Customers who think they’re “helping” their local restaurants by calling in the order are still creating a fee for Grubhub.

Food Delivery Platform Existentialism

Which brings us to the question - what is the point of all this? These platforms are all losing money. Just think of all the meetings and lines of code and phone calls to make all of these nefarious things happen which just continue to bleed money. Why go through all this trouble?
Grubhub just lost $33 million on $360 million of revenue in Q1.
Doordash reportedly lost an insane $450 million off $900 million in revenue in 2019 (which does make me wonder if my dream of a decentralized network of pizza arbitrageurs does exist).
Uber Eats is Uber's "most profitable division” 😂😂. Uber Eats lost $461 million in Q4 2019 off of revenue of $734 million. Sometimes I need to write this out to remind myself. Uber Eats spent $1.2 billion to make $734 million. In one quarter.
Amazon just bailed on restaurant delivery in the U.S.
What is it about the food delivery platform business? Restaurants are hurt. The primary labor is treated poorly. And the businesses themselves are terrible.
This Business Insider piece did a good job covering the problematic dynamics of the industry:
As this conflict comes to a boil, one thing is becoming clear: there are no winners in this fight.
Restaurant owners are losing money. Diners are seeing their costs raised, either by delivery companies that need to pay delivery drivers or by the restaurant owners who raise prices to offset delivery fees. And delivery drivers still make low, unpredictable wages frequently with no benefits.
How did we get to a place where billions of dollars are exchanged in millions of business transactions but there are no winners? My co-host Can and my restaurant friend both defaulted to the notion “delivery is a shitty margin business” when discussing this post. But I don’t think that’s sufficient here. Delivery can work. Just look at a Domino’s stock chart. But, delivery has been carefully built as part of a holistic business model and infrastructure. Maybe that’s the viable model.
After the start of this pandemic, my friend actually launched in-house delivery at one of his restaurants. He said he’s starting to get a sense of the economics and explained he’s starting to get a sense of the volume required per location to make the economics reasonably work. That’s what is so odd to me about third-party delivery platforms. The business of food delivery clearly is not intrinsically a loser. Domino’s figured it out. Every Chinese restaurant in New York City seemed to have it figured out long before any platform came along. My friend is figuring it out.
That’s the thing about how industries have evolved over the past decade. I know I ascribe ZIRP as the cause of all ills in the world, but this sometimes feels like the greatest ZIRP story ever told.
You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and increased prices. But is that even viable?
Third-party delivery platforms, as they’ve been built, just seem like the wrong model, but instead of testing, failing, and evolving, they’ve been subsidized into market dominance. Maybe the right model is a wholly-owned supply chain like Domino’s. Maybe it’s some ghost kitchen / delivery platform hybrid. Maybe it’s just small networks of restaurants with out-of-the-box software. Whatever it is, we’ve been delayed in finding out thanks to this bizarrely bankrolled competition that sometimes feels like financial engineering worthy of my own pizza trading efforts.
The more I learn about food delivery platforms, as they exist today, I wonder if we’ve managed to watch an entire industry evolve artificially and incorrectly. Arbitrage is about taking advantage of market inefficiencies and for all the newly minted day-traders out there, perhaps it’s time to start looking into frontier markets like pizza.
*  *  *
Note 1: We found out afterward that was all the result of a “demand test” by Doordash. They have a test period where they scrape the restaurant’s website and don’t charge any fees to anyone, so they can ideally go to the restaurant with positive order data to then get the restaurant signed onto the platform. If we had to pay a customer fee on the order, it would’ve further cut into our arbitrage profits (though maybe we could’ve incorporated DashPass as part of the calculation). 
Note 2: A few months ago, in the pre-pandemic times, I was at an East Village pizza place and watched as the owner was arguing with a Doordash driver. The owner insisted the driver take the pizza in a heated bag so the customer didn’t get cold pizza, but leave an ID so the driver would be compelled to return the bag. The driver argued the amount of time it would take to come back to return the bag would mean he couldn’t make enough deliveries to “pay my rent”. #Innovation.
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ProAssurance Corporation (PRA) investigation by Glancy Prongay & Murray LLP GPM a leading national shareholder rights law firm

From GlancyLaw.com

LOS ANGELES, May 18, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of ProAssurance Corporation (“ProAssurance” or the “Company”) (NYSE: PRA) investors concerning the Company and its officers’ possible violations of the federal securities laws.
If you suffered a loss on your ProAssurance investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, contact Charles H. Linehan, of GPM at 310-801-2829, via email shareholders@glancylaw.com or visit our website at www.glancylaw.com to learn more about your rights.
On January 22, 2020, after the market closed, ProAssurance disclosed a $37 million charge to its loss reserves for fourth quarter 2019 due to “deteriorating loss experience, driven by a large national healthcare account.”
On this news, the Company’s share price fell $4.18, or over 11%, to close at $33.40 per share on January 23, 2020, thereby injuring investors.  On May 7, 2020, ProAssurance announced its first quarter 2020 financial results, reporting 2.6% decline in total revenues over the prior year period, and slashed its dividend from $0.31 per share to just $0.05 per share.  On this news, the Company’s share price fell $4.38, or over 21%, to close at $15.95 on May 8, 2020, thereby injuring investors further.
Whistleblower Notice: Persons with non-public information regarding ProAssurance should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-801-2829 or email shareholders@glancylaw.com.

Sunday, May 17, 2020

SHOCKER - Circuit Panel In Brand New 5G Tower Is Labeled 'COV-19' - What The Hell Is Going On? Will This Frequency Trigger A Seeded Virus In Your Body? Or Cause An Outbreak?

From Rense.com:


5-14-20

How Huxley's X-Club Created Nature Magazine & Sabotaged Science For 150 Years

Amidst the storm of controversy raised by the lab-origin theory of COVID-19 extolled by such figures as Nobel prize winning virologist Luc Montagnier, bioweapons expert Francis Boyle, Sri Lankan Cardinal Malcolm Ranjith and the head of Iran’s Revolutionary Guard, an elaborate project was undertaken under the nominal helm of NATURE Magazine in order to refute the claim once and for all under the report ‘The proximal origin of SARS-CoV-2’.
This project was led by a team of evolutionary virologists using a line of reasoning that “random mutation can account for anything” and was parroted loudly and repeatedly by Fauci, WHO officials and Bill Gates in order to shut down all uncomfortable discussion of the possible laboratory origins of COVID-19 while also pushing for a global vaccine campaign. On April 18, Dr. Fauci (whose close ties with Bill Gates, and Big Pharma have much to do with his control of hundreds of billions of dollars of research money), stated:
“There was a study recently that we can make available to you, where a group of highly qualified evolutionary virologists looked at the sequences there and the sequences in bats as they evolve. And the mutations that it took to get to the point where it is now is totally consistent with a jump of a species from an animal to a human.”
I think at this moment, rife as it is with speculative arguments, confusion and under-defined data, it is useful to remove oneself from the present and look for higher reference points from which we can re-evaluate events now unfolding on the world stage.
In order to do this, let us begin by asking a new series of questions:
What is Nature Magazine exactly? Is it truly an “objective” platform for pure scientific research untainted by the filth of political agendas? Is this standard-bearer of “proper method”, which can make or break the career of any scientist, truly the scientific journal it claims to be or is there something darker to be discovered?
As I presented a part of this story in my previous installment in this series The Rise of Optical Biophysics and Clash of the Two Sciences, a very old battle has been waged around political systems but also what sort of scientific paradigms will shape our future.

A Bit of Historical Context

In 1865, a group of 12 scientists under the leadership of Thomas Huxley, Matthew Arnold, Joseph Hooker, and Herbert Spencer (founder of social Darwinism) was created under the name “X Club” with the mandate to reform global British Imperial strategy.
At the time of this group’s formation, Lincoln’s north was on the cusp of putting down the secessionist rebellion which the British Intelligence establishment had work decades to nurture guided by Anglo-American operatives in America itself as well as operations in British Canada.
Having far over-extended itself during the 2nd Chinese Opium War (1856-1860) to the Crimean War (1853-1856) to putting down Indian uprisings (1857-1858) and sponsoring the Southern Confederacy (1861-1865), the British Empire knew that it was on the verge of collapse. The world was quickly waking up to its evil nature, and a new paradigm of win-win cooperation was being exported from Lincoln’s America to nations across the world (American was a very different nation from the Anglo-American dumb giant the world has known since JFK’s 1963 murder -MEK).
Lincoln’s system had been known as ‘American System of National Economy’, a name created by the father of Germany’s Zollverein Friedrich List years earlier. Unlike British Free Trade, this ‘American System’ was premised on protectionism, national banking, long term infrastructure and most importantly placed the source of value on the human mind’s capacity to make discoveries and inventions as outlined by Lincoln’s 1858 speech by the same name. In this system, the Constitutional concept of the General Welfare was not mere ink on parchment but rather the governing principle of monetary value and national policy.
Lincoln’s chief economic advisor and coordinator of the export of the American system internationally after the Civil War was named Henry C. Carey. As early as 1851, Carey wrote his Harmony of Interests which stating:
Two systems are before the world;
the one looks to increasing the proportion of persons and of capital engaged in trade and transportation, and therefore to diminishing the proportion engaged in producing commodities with which to trade, with necessarily diminished return to the labour of all;
while the other looks to increasing the proportion engaged in the work of production, and diminishing that engaged in trade and transportation, with increased return to all, giving to the labourer good wages, and to the owner of capital good profits...
One looks to pauperism, ignorance, depopulation, and barbarism; the other in increasing wealth, comfort, intelligence, combination of action, and civilization.
One looks towards universal war; the other towards universal peace.
One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.”
In Germany, the American System inspired Zollverein (custom’s union) had not only unified a divided nation, but elevated it to a level of productive power and sovereignty which had outpaced the monopoly power of the British East India Company. In Japan, American engineers helped assemble trains funded by a national banking system, and protective tariff during the Meiji Restoration.
In Russia, American System follower Sergei Witte, Transport Minister and close advisor to Czar Alexander III, revolutionized the Russian economy with the American-made trains that rolled across the Trans-Siberian Railway. Not even the Ottoman Empire remained untouched by the inspiration for progress, as the Berlin to Baghdad Railway was begun with the intention of unleashing a bold program of modernization of southwest Asia.
The construction of continental railroads, and industrial powers of nations internationally was quickly bringing the world land bridge concept first elaborated by Colorado’s Governor William Gilpin quickly into being. For those who are unaware, Gilpin (who was also Lincoln’s body guard and loudest advocate of America’s transcontinental railroad) spent decades championing the international system of win-win cooperation which he outlined in his 1890 Cosmopolitan Railroad stating:
“The weapons of mutual slaughter are hurled away; the sanguinary passions find a check, a majority of the human family is found to accept the essential teachings of Christianity IN PRACTICE… Room is discovered for industrial virtue and industrial power. The civilized masses of the world meet; they are mutually enlightened, and fraternize to reconstitute human relations in harmony with nature and with God. The world ceases to be a military camp, incubated only by the military principles of arbitrary force and abject submission. A new and grand order in human affairs inaugurates itself out of these immense concurrent discoveries and events”.

Reorganize or Perish

The British Empire knew that this emerging new paradigm would render both its maritime control of international trade as obsolete as its international program of usury and cash cropping.
It was clear that something had to change dramatically, for if the empire could not adapt in response to this new paradigm, it surely would soon perish. The task of re-shaping imperial policy from a “material force” approach of control to a more “mental force” of control, was assigned to T. H. Huxley and the X Club. This group established the guiding scientific principles of empire that were soon put into practice by two new think tanks known as the Fabian Society and Rhodes Scholar Trust which I outlined in my 3-part series ‘Origins of the Deep State in North America’.
Huxley, who is famously known as ‘Darwin’s bulldog’ for relentlessly promoting Darwin’s theory of Natural Selection (a theory in whose scientific merits he didn’t even believe) soon decided that the group should establish a magazine to promote their propaganda.
Founded in 1869, the magazine was called Nature and featured articles by Huxley and several X Club members. The deeper purpose of the X Club and its magazine as outlined in a 2013 report entitled ‘Hideous Revolution: The X Club’s Malthusian Revolution in Science’, was geared towards the redefinition of all branches of science around a statistical-empiricist interpretation of the universe which denied the existence of creative reason in mankind or nature. Science was converted from the unbounded study and perfectibility of truth to a mathematically sealed “science of limits”.
Darwin, Malthus and the Political Use of a ‘Science of Limits’
The science of “limits” became the foundation of an oligarchical economic science for the elite and naturally had to be kept hidden from the minds of the general population since it followed Thomas Malthus’ mathematical principle of population growth. Malthus’ “principle” of population supposed that unthinking humans reproduce geometrically while nature’s bounty only grows arithmetically and as such periodic population collapses were an unavoidable law of nature which could at best be managed by an oligarchical scientific priesthood who were obliged to periodically cull the herd.
Malthus and the X Club leaders believed that nature bestowed upon the ruling class certain tools to accomplish this important task (namely war, famine and disease) and Malthus stated so cold-bloodedly in his 1799 Essay on Population:
“We should facilitate, instead of foolishly and vainly endeavoring to impede, the operations of nature in producing this mortality; and if we dread the too frequent visitation of the horrid form of famine, we should sedulously encourage the other forms of destruction, which we compel nature to use. In our towns we should make the streets narrower, crowd more people into the houses, and court the return of the plague.”
The X Club’s support of the Darwinian theory of Natural Selection was less a scientific decision in this respect and more of a political one, as Darwin later admitted in his autobiography that his own theory arose directly from his study of Malthus:
“In October 1838, fifteen months after I had begun my systematic inquiry, I happened to read for amusement Malthus on Population, and being prepared to appreciate the struggle for existence which everywhere goes on, from long-continued observation of the habits of animals and plants, it at once struck me that under these circumstances favourable variations would tend to be preserved, and unfavourable ones to be destroyed. The result would be the formation of a new species. Here then, I had at last got a theory by which to work”.
By universalizing Malthus onto all living creation, the X Club obscured the qualitative difference between humans and monkeys which was advantageous for an empire that can only control humans when they adopt the law of the jungle as standards of moral practice and identity formation rather than anything actually moral.
It was thus no accident that Henry C. Carey targeted Darwinism, Malthus and the X Club relentlessly in his Unity of Law: An Exhibition on the Relations of Physical, Social, Mental and Moral Science (1872). In this important book, Carey attacked all systems founded upon master-slave relations saying:
“Hence it is that it has given rise to the doctrine e of over-population, which is simply that of slavery, anarchy and societary ruin, as the ultimate condition of mankind; that, too, coming as a consequence of laws emanating from an all-wise and all powerful Being who could, if He would, have instituted laws in virtue of which freedom, order, peace and happiness would have been the lot of man. That these latter have been instituted- that the scheme of creation is not a failure; that is marred by no such errors as those assumed by Mr. Malthus; is proved by all the facts presented for consideration by the advancing communities of the world- the habit of peace, among both individuals and nations, growing with growth of numbers, and increase in power for self-direction.”

Anti-Darwinian Approaches to Evolution

Although we are told too often today that no alternative system ever existed outside of Darwin’s theory of evolution, a closer inspection of science history during the 19th century proves that to be far from true.
During this period, an anti-Darwinian scientific revolution was blossoming in the life sciences under the guiding leadership of figures like James Dwight Dana, Jean-Baptiste Lamarck, Alexander von Humboldt, Georges Cuvier, Karl-Ernst von Baer, and Benjamin Silliman. These scientists not only began questioning the static theory of nature as derived from a literal reading of the Bible, but made huge strides in realizing the higher causal mechanisms defining the flow of evolution. This process was outlined in a 2010 lecture delivered by the author of this report entitled “the Matter Over Darwin’s Missing Mind”.

Unlike many of our modern scientists, these figures never saw a dichotomy separating science from religion, as “science” was understood as nothing less than the investigation and participation in God’s Creation, and as such the biosphere and all “units” within it were implicitly defined as more than the sum of its parts and all fast approaching theories of evolution that were driven by intention, harmony and directionality.
This outlook was showcased brilliantly by the great naturalist and embryologists Karl Ernst von Baer who wrote in his On the Purpose of Nature (1876):
“The reciprocal interconnections of organisms with one another and their relationship to the universal materials that offer them the means for sustaining life, is what has been called the harmony of nature, that is a relationship of mutual regulation. Just as tones only give rise to a harmony when they are bound together in accordance with certain rules so can the individual processes in the wholeness of nature only exist and endure if they stand in certain relationships to one another. Chance is unable to create anything enduring, rather it is only capable of destruction.”
Huxley and the Darwinians on the other hand, promoted an opposing “bottom up” interpretation of evolution by starting with the imagined ‘random mutations’ in the immeasurably small which supposedly added up to the collective sum of all species and biosphere. This biosphere was thus defined as little more than the sum of its parts.
The imperial school of Huxley’s X Club denied not only creativity’s existence from this higher metaphysical standpoint, but also denied the fact that humanity can uniquely translate the fruits of those creative discoveries into new forms of scientific and technological progress which had the effect of increasing our species’ ability to transcend our “limits to growth” (or as modern neo-Malthusians have termed our “carrying capacity”).

Nature Magazine Continues its Dismal Legacy

Throughout the 20th century Nature Magazine has won an ugly reputation as an enforcer of deductive/inductive models of thinking which have destroyed the careers and lives of many creative scientists.
One of these scientists was the preeminent immunologist Jacques Benveniste (1935-2004) who suffered a 15 year witch hunt led by Nature Magazine as punishment for his discoveries on “water memory and life” (ie: how organic molecules configure the geometry of H2O molecules and imprint their “information” into said water).
This defamation campaign began in 1988 when Nature Magazine conducted an “official” attempt to duplicate the results of Benveniste’s discoveries on water’s power to retain the information of allergenic substances within its structure which continued to cause allergic reactions upon living tissues and organs long after all traces of the substances were filtered from various solutions.
As outlined in the 2014 documentary Water Memory, Nature Magazine went so far as to hire a stage magician named James Randy to co-lead an investigative team which intentionally botched Benveniste’s results, lied about the data and condemned Benveniste as a fraudster. This operation ruined the scientist’s reputation, dried up his funding and kept biology locked into the materialist cage for another three decades. Nature Magazine’s slander campaigns were described by Benveniste as a “mockery” which used “McCarthy-like methods and public defamation campaigns” to crush him.

Today’s Fight for a Science of Causes

Whether or not COVID-19 arose naturally as Nature Magazine attests or whether it arose in a laboratory as Dr. Luc Montagnier believes, what is certain is that science can be temporarily retarded, but its course of evolution cannot be held back forever.
Today, the legacy of Alexander von Humboldt, Karl Erst von Baer and Cuvier, Dana, Vernadsky and Benveniste is alive and well with Dr. Montagnier and teams of international researchers who have taken the theoretical, experimental and clinical work on water memory to a revolutionary new level with the opening up of a new school of quantum optical biophysics as I outlined in my recent paper Big Pharma Beware: Dr. Montagnier Shines New Light on COVID-19 and The Future of Medicine.
Describing the coming revolutions in biology, Montagnier said:
“The day that we admit that signals can have tangible effects, we will use them. From that moment on we will be able to treat patients with waves. Therefore it’s a new domain of medicine that people fear of course. Especially the pharmaceutical industry… one day we will be able to treat cancers using frequency waves.”
With Montagnier’s bold call for an international scientific crash program into wave harmonics therapy to deal with COVID-19, and with the new alignment of nationalist systems amidst the multi-polar alliance led by Russia and China, there is a serious chance that the new paradigm of win-win cooperation championed by Henry C. Carey, Lincoln and other international patriots in the wake of America’s Civil War, may actually be blossoming once more.