Lauren Dempsey, MS in Biomedicine and Law, RN, FISM News
Phinance Technologies released a new report that claims the rollout of COVID-19 vaccines and subsequent booster shots have had a negative impact on health as well as the economy.
According to the report, there have been 26.6 million individuals injured by vaccines resulting in a 28.6% increase in work absence rates in 2022 and a 50% increase in lost worktime rates between 2019 and 2022. There was also a 24.6% increase in disabilities reported.
In the most extreme adverse reaction resulting in deaths, which occurred in about 0.1% of the population, there was 23% excess mortality for 2021 and 2022 and more than 300,000 excess deaths.
THE STUDY
The Vaccine Damage Project, one of Phinance Technologies’ humanity projects, evaluated data on vaccine injuries and death in an attempt to “quantify the extent of damage,” as well as the increase in mortality and morbidity trends.
The report looked at the effect of COVID-19 vaccines on individuals at the population level, specifically those that are employed between the ages of 16 and 64. Vaccinated individuals are grouped together based on possible outcomes from vaccination which have no symptoms, mild to moderate reactions including short-term, long-term, or even permanent injury, a severe injury that leads to a disability, and death.
Researchers evaluated data to estimate for excess deaths, increased disability rate, and vaccine injuries and compared this to the timing of the vaccine rollout as well as other factors such as lockdowns and long-COVID. They estimate that vaccine injuries and deaths will ultimately result in an economic impact from work absences and decreased productivity.
Data indicates that about 82% of vaccinated individuals will have no symptoms. However, the remaining 18% experience injury, disability, or death.
THE ECONOMIC COST
To estimate the economic cost in 2022 the researchers multiplied the total amount of salaries and wages in the US population by the estimated injury, disability, or excess deaths in 2022 to calculate the yearly estimate of lost productivity and lost work time.
The report estimates that the total economic cost for 2022 due to vaccine damage is around $148 billion. For each group, the cost was $5.6 billion due to excess deaths, $52.2 billion due to loss of productivity due to an increase in disabilities, and $79.5 billion due to an increase in lost work time.
Edward Dowd, founder of Phinance Technologies tweeted that “Pfizer & Moderna in 2022 had combined C-19 vaccine revenues in the US of $11.5 billion” adding that “for every $1 dollar they made it cost the US economy $13 dollars.” Dowd went on to say these numbers are conservative, but called it the “largest crime scene in history.”
However, according to the Centers for Disease Control and Prevention (CDC), the primary cause of excess deaths was due to COVID-19, finding that the virus was responsible for almost all excess deaths in 2021. COVID-19 was officially the third leading cause of death in 2020 and 2021 behind heart disease and cancer.
The agency continues to recommend vaccination for all eligible individuals aged 6 months and older and while the agency acknowledges there is an increased risk for heart inflammation or other systemic reactions, it maintains the claim that vaccination is a safe and effective method for preventing severe illness and hospitalization.