A new report by Phinance Technologies, co-founded by former BlackRock portfolio manager Edward Dowd, suggests that COVID-19 vaccines caused significant economic damage in the United States in 2022.
The study, known as the “Vaccine Damage Project,” estimated that over 26 million people suffered injuries from the vaccines, costing nearly $150 billion to the economy.
To gauge the economic impact and human cost of COVID vaccine damage, the report collected data from various sources, including the Bureau of Labor Statistics (BLS), the Centers for Disease Control and Prevention (CDC, and peer-reviewed scientific papers.
According to the report, COVID vaccine damages cost the economy $147.8 billion.
The most substantial economic cost was due to milder vaccine damage, which affected a larger part of the population.
Specifically, the breakdown included injuries ($89.9 billion), disabilities ($52.2 billion), and excess deaths ($5.6 billion).
However, the report did not consider certain effects of vaccine damage, including lost productivity, as individuals continue to work at reduced capacity, the impact of burnout on workers taking up the slack from vaccine-injured employees, and any supply chain disruptions due to vaccine side effects.
The report also estimated that the human cost of vaccine damage included 26.6 million injuries, 1.36 million disabilities, and around 310,000 excess deaths.
However, the report did not indicate whether these injuries, disabilities, and excess deaths were caused by vaccines or other factors such as the COVID disease itself, as pointed out by The Epoch Times.
In explaining impacts such as an increase in disabilities, the report used regression analysis to compare the number of people in the civilian labor force with a disability and the cumulative percentage of COVID vaccine doses administered.
Although the report indicated a “strong relationship,” it also acknowledged that “correlation is not causation.”
Dowd claims that the numbers presented in the report are “conservative” and that the true impact could be much higher.
He also referred to the situation as the “Largest crime scene in history,” suggesting we must “Multiply this across the globe.”
He also notes that Pfizer Inc. and Moderna Inc., the leading COVID vaccine manufacturers, reported combined COVID vaccine revenues of around $11.5 billion in 2022, implying that for every $1 they made, the US economy lost $13.
The report calls for monitoring the longer-term impact of vaccine damage, which it identifies as an “important” economic cost.