• The vitamin industry is booming, and major players in gene-editing, nanotech, and biotech are eyeing a piece of the action, while several key acquisitions of dietary supplement companies have taken place.  The global dietary supplements market is projected to increase from $71.81 billion in 2021 to $128.64 billion in 2028, with an expected compound annual growth rate of 8.68% within that timeframe.  The vitamin industry saw massive growth since the Covid bioweapon was unleashed on the world, with a 26.9% increase in 2020 alone.  Meanwhile, mega-corporations like Nestle have made major moves in the vitamin industry, such as the acquisitions of Atrium Innovations, The Bountiful Company and Puravida, just to name a few. The supplement industry is not only growing, but it is also evolving.  A new generation of performance enhancing, anti-aging and longevity ‘supplements’ have come on the market, such as FitBiomics.  FitBiomics is behind Nella – a genomics-based “next generation” probiotic to enhance performance in athletes.  The FitBiomics team states that, “among the athletes who use Nella are two US 2020 Tokyo Olympic medalists: Adeline Gray won silver in wrestling and Krysta Palmer won bronze in diving. In 2021 Nella was also named the official probiotic of St. John’s University, and in 2022 the San Francisco Marathon partnered with FitBiomics.”  George Church, who co-founded FitBiomics, is known as “the founding father of genomics,” and is a serial entrepreneur in dozens of gene editing, gene therapy, and biotech companies. As the dietary supplements industry rapidly progresses, it is important to know who owns your vitamins.  NIH hosts a Dietary Supplement Label Database where you can search for any supplement and review the label breakdown.  The following list outlines several popular supplement companies, their countries of origin, and in some cases, which companies acquired them. Company: Atrium Innovations Country: Canada Founded: 1999 Acquired By: Nestle Health Science Acquired Date: 2018 Company: Arizona Nutritional Supplements Country:  United States Founded: 1996 Acquired By: Endeavour Capital Acquired Date: 2013 Note: Arizona Nutritional Supplements is a contract and private label manufacturer of vitamins and supplements. Company: Best Formulations Country: United States Founded: 1984 Acquired By: Sirio Pharma Acquired Date: 2023 Company: Biotics Research Country: United States Founded: 1971 Note: Family-owned company Company: BYHEALTH International Country: China Founded: 1995 Company: Country Life Country: United States Founded: 1971 Joint Venture Agreement With: Kikkoman, partly owned by Master Trust Bank of Japan, Japan Trustee Services Bank & Oriental Land Company Joint Venture Agreement Date: 2005 Company: Doctor’s Best Country: United States Founded: 1990 Acquired By: sold to North Castle Partners in 2014, acquired by Xiamen Kingdomway Group Co, China Acquired Date: 2016 Company: FitBiomics Country: United States Founded: 2019 Note:  founded by George Church, often called the “founding father of genomics,” and Jonathan Scheiman. They are making Nella – a genomics-based probiotic to enhance performance in athletes. Company: Gaia Country: United States Founded: 1987 Acquired By: merger with SALUS Haus, Germany Acquired Date: 2021 Company: Garden of Life Subsidiary Of: Atrium Innovations, Canada Country: United States Founded: 2000 Acquired By: Parent company Atrium Innovations acquired by Nestle Health Science Acquired Date: 2018 Company: GNC Country: United States Founded: 1935 Acquired By: Thomas H Lee Investment group, 1989, then sold to Harbin Pharmaceutical Holding Group Co. LLC, China Acquired Date: 2021 Company: GSK Country: United Kingdom Founded: GlaxoSmithKline Pharmaceuticals Ltd founded in 1924 Note: Here is an A-Z list of GSK brands Company: Kirkland (Costco) Country: United States Founded: 1995 Note:  Kirkland products are manufactured by their partners. Each supplement sold under the Kirkland name may have a different manufacturer.  Kirkland labeled bottles have a vitamin information hotline to call for more information.  Kirkland supplements are made in the United States with ingredients that may be sourced from other countries. Company: Klean Athlete Subsidiary Of: Douglas Laboratories, Canada Country: United States Founded: 2012 Acquired By: Parent company Douglas Laboratories acquired by Atrium Innovations in 2005, which was acquired by Nestle Health Science Acquired Date: 2018 Company: Life Extension Country: United States Founded: 1980 Note: The Life Extension Buyer’s Club is associated with the Life Extension Foundation, which changed its name in 2018 to Biomedical Research & Longevity Society. Company: Matsun Nutrition Country: United States Founded: 1992 Note: Matsun Nutrition offers a Private Label Supplement Program for clients to start private label vitamin and supplement companies. Matsun Nutrition provides manufacturing of the vitamins and supplements. Company: MegaFood Subsidiary Of: FoodState, United States Country: United States Founded: 1973 Acquired By: Parent company FoodState acquired by Pharmavite, a subsidiary of Otsuka Pharmaceutical Co., Ltd, Japan Acquired Date: 2014 Company: Metagenics Subsidiary Of: Alticor, Inc., United States Country: United States Founded: 1983 Acquired By: Gryphon Investors Acquired Date: 2021 Company: Nature Made Subsidiary Of: Pharmavite, United States Country: United States Founded: 1971 Acquired By: Parent company Pharmavite acquired by Otsuka Pharmaceutical Co. Ltd, Japan Acquired Date: 1989 Company: Nature’s Bounty Subsidiary Of: The Bountiful Company, United States Country: United States Founded: 1971 Acquired By: Parent company The Bountiful Company acquired by Nestle Health Science Acquired Date: 2021 Company: New Chapter Country: United States Founded: 1982 Acquired By: Procter & Gamble Acquired Date: 2012 Note: In 2018 the founders of New Chapter left the brand citing “’financial pressures to accelerate profits’ meant they could no longer in good conscience continue to associate themselves with the brand.” Company: Nordic Naturals Subsidiary Of: Nordic Pharma, UK, which is a subsidiary of Nordic Group, France Country: Headquarters in United States, Manufacturing by Nordic Pharma in Norway Founded: 1995 Company: NOW Country: United States Founded: 1968 Note: Privately owned by the Richard Family Company: Nutranext Country: United States Founded: 1986 Acquired By: The Clorox Company (subsidiary of P&G) Acquired Date: 2018 Company: Nutrisystem Country: United States Founded: 1972 Acquired By: Kainos Capital in 2020, then merged with Adaptive Health in 2021 under new parent company, Wellful, Inc. in 2021 Acquired Date: 2020 Company: OLLY Nutrition Country: United States Founded: 2013 Acquired By: Unilever Acquired Date: 2019 Company: Pentavite Country: Australia Founded: 1940 Acquired By: Roche in 1991, Bayer in 2004, then sold to BYHEALTH, China Acquired Date: 2018 Company: Puravida Country: Brazil Founded: 2015 Acquired By: Nestle Health Science Acquired Date: 2022 Company: Pure Encapsulations Subsidiary Of: Atrium Innovations, Canada Country: United States Founded: 1991 Acquired By: Parent company Atrium Innovations acquired by Nestle Health Science Acquired Date: 2018 Company: ReNew Life Country: United States Founded: 1997 Acquired By: Swander Pace Capital and Triangle Capital in 2008, then acquired by The Clorox Company (subsidiary of P&G) Acquired Date: 2016 Company: Ritual Country: United States Founded: 2016 Partnered With: Whole Foods Partner Date: 2022 Company: Royal DSM Country: Netherlands Founded: 1902 Note: DSM has subsidiaries and equity interests in hundreds of companies all over the world, ranging from biotech companies to nutritional product companies.  Company: Schiff Nutrition Country: United States Founded: 1936 Acquired By: Reckitt Benckiser with operations in over 60 countries, and headquarters in the UK, Singapore, Dubai and Amsterdam Acquired Date: 2012 Company: Seeking Health Brand Of: Healthy Goods Country: United States Founded: 2011 Note: Seeking Health was a product line within Healthy Goods, then launched as a separate online company in 2011.  While Healthy Goods was sold in 2012, Seeking Health remained under original ownership. Company: Solaray, Inc. Country: United States Founded: 1973 Acquired By: Nutraceutical International Corp in 1993, then acquired by HGGC private equity firm Acquired Date: 2017 Company: Source Naturals Country: United States Founded: 1982 Owned By: Threshold Enterprises, Ltd., a manufacturer and distributer of over 450 brands Company: Standard Process Country: United States Founded: 1929 Partnership Agreement With: Integria Healthcare, Australia Partnership Agreement Renewal Date: 2020 Note: Family-owned company Company: Swanson Health Products Country: United States Founded: 1969 Acquired By: Swander Pace Capital Acquired Date: 2016 Company: The Better Health Co. (TBHC) Country: New Zealand Founded: 2008 Acquired By: CDH Investments, China in 2016, then acquired by Nestle Health Science Acquired Date: 2022 Company: The Clorox Company Country: United States Founded: 1913 Acquired By: Procter & Gamble Acquired Date: 1957 Company: Thorne Country: United States Founded: 1984 Merged With: Onegevity under new parent company Thorne HealthTech in 2021, whose largest shareholders are Kirin Holdings Co. Ltd, Mitsui & Co., Ltd (a Berkshire Hathaway Co.) and Helsinn Holding S.A. Note: Onegevity is a “health intelligence company” that leverages artificial intelligence and machine learning for healthcare applications. Company: Vital Proteins Country: United States Founded: 2013 Acquired By: Nestle Health Science Acquired Date: 2020 Company: Zarbee’s, Inc. Country: United States Founded: 2008 Acquired By: Johnson & Johnson Acquired Date: 2018 Subscribe to Corey’s Digs so you don’t miss a Dig!

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  • By The Sharp Edge When asked if a United States CBDC would be used to control how, when and where the population spends their money, a senior vice president for the St. Louis Fed’s Research Division responded, “in life, one can’t give absolute assurance of anything…The best we can hope for, is for Congress to respond to the electorate’s concerns about privacy.”  However, signals by the Biden regime and the Federal Reserve indicate they intend to move forward on a CBDC, regardless of any approval from Congress, industry leaders or the public.  In fact, there are a growing number of research and pilot programs in various phases of development in America and around the world, despite public concerns of an impending digital currency enslavement system tied to a digital ID and social credit system. The Biden Regime Presses Forward On March 9, 2022, the Biden regime issued an Executive Order on ‘Ensuring Responsible Development of Digital Assets,’ which placed “the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.”  The EO commanded Attorney General Garland, Treasury Secretary Yellen, and Federal Reserve Chair Powell to determine if a legal path to bypass Congress is possible, stating, “within 180 days of the date of this order [by September 5, 2022], provide the President…an assessment of whether legislative changes would be necessary to issue a United States CBDC, should it be deemed appropriate and in the national interest.” The EO further directed them to provide the President with a legislative proposal within 210 days, by October 5, 2022.  A former Fed vice chair, Randal Quarles, remarked that any bill in Congress authorizing a CBDC would be unlikely to pass, noting a lack of support from the public.  In July of 2021, lawmakers introduced legislation that has yet to pass, known as the ‘Digital Asset Market Structure and Investor Protection Act,’ which appears to authorize the Fed to issue digital versions of Federal Reserve notes and to use distributed ledger technology for the “creation, distribution and recordation of all transactions involving digital Federal reserve notes.” On the other hand, legislation was introduced in January of 2022 to prohibit the Federal Reserve from issuing a CBDC directly to individuals.  In March of 2022, legislatures proposed an alternative to CBDC in a bill known as the ‘ECASH Act‘, which proposes to develop an electronic version of the US dollar issued by the US Treasury instead of the Federal Reserve, and purports to imitate the privacy and anonymity features of cash.  While there is no current federal statute mandating businesses to accept cash,  lawmakers introduced the ‘Payment Choice Act of 2021‘, designed to require retail businesses to accept cash as a form of payment.  In all, Congress has introduced 50 bills on digital assets, blockchain, and CBDCs. During a May 26, 2022, House Committee hearing, some lawmakers took issue with the Biden regime’s Executive Order and the ambiguity of the Federal Reserve’s comment in their January 2022 discussion paper, which states, “The Federal Reserve does not intend to proceed with issuance of a CBDC without clear support from the executive branch and from Congress, ideally in the form of a specific authorizing law.” Representative Andy Barr commented, “This to me suggests that the administration is not yet convinced that Congress has a role here.”  Lawmakers were unable to seek clarity from the vice chair of the Federal Reserve during the hearing on whether the Fed would in fact proceed with the issuance of a CBDC without official Congressional authorization.  Other issues raised in the House Committee hearing on CBDCs included risks to the public of mass surveillance and targeting of citizens who are critical of the regime.  Representative Warren Davidson remarked to the Fed vice chair, “The concern is the surveillance state… If you turn the Central Bank Digital Currency into this creepy surveillance tool…it literally is what China is developing and we shouldn’t imitate them. We should protect America’s way of life.”  The threat of adopting China’s model for surveillance and control has become even more apparent in recent days, as China thwarted attempts by protesters to access their frozen funds by turning their QR codes red. Representative John Rose addressed his concerns to the vice chair, adding, “We saw how dangerous it can be when the government weaponizes the financial system for political purposes under the Obama Administration’s Operation Choke Point.  More recently, the Canadian government instructed banks to freeze accounts linked to the trucker protests over vaccine mandates…Without appropriate safeguards, would a CBDC make it easier for the federal government to block individuals it disagrees with from accessing the financial system?”  Vice Chair Brainard did not deny that CBDCs could be used to block access of individuals, stating that the use of CBDCs would essentially be no different from the current banking systems, from which accounts of political dissidents have been frozen. Legislatures aren’t the only ones concerned about the rise of the CBDC surveillance system.  Both the public and shareholders were invited to submit comments on the Federal Reserve’s plans to issue a CBDC, many of whom were resolutely opposed to the idea.  One citizen wrote, “You don’t want privacy. You want to control every aspect of our lives.” Another individual replied, “I do not want government in charge of access to the kill switch to my account/money if I do not ‘tow the line.’”  Yet another responded, “Stop playing games with our lives. And ignore Klaus Schwab. I fear the system completely breaking down if CBDC is enacted. Because Americans want privacy, freedom, and their work rewarded with sound money.” In response to the Fed paper on CBDCs, the American Bankers Association warned how the disbursement of a CBDC would devastate local banks, stating, “The issuance of a CBDC would fundamentally rewire our banking and financial system by changing the relationship between citizens and the Federal Reserve,” adding, “The risks associated with issuing a CBDC are often downplayed but are real and likely to undermine any possible benefit that a CBDC would have.  Most importantly, every construction of CBDC requires moving funds from banks to the Federal Reserve.”  The ABA concluded, “As we have evaluated the likely impacts of issuing a CBDC it has become clear that the purported benefits of a CBDC are uncertain and unlikely to be realized, while the costs are real and acute.  Based on this analysis, we do not see a compelling case for a CBDC in the United States today.” Despite numerous dissenting voices among Congress, industry leaders and the public, the Biden regime and the Federal Reserve are pressing forward with plans to develop a United States CBDC.  The Fed released yet another paper on the issuance of a retail CBDC in April of 2022.  On June 17,2022, Fed Chair Powell lamented the decline of the US dollar as the world’s reserve currency (driven by reckless federal spending and intentional mismanagement) and looked to a United States CBDC as a solution to the problems they’ve created, stating, “Looking forward, rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future. Most major economies already have or are in the process of developing instant, 24/7 payments. Our own FedNow Service will be coming online in 2023. And in light of the tremendous growth in crypto-assets and stablecoins, we are examining whether a US central bank digital currency would improve upon what is an already safe and efficient domestic payments system. As our white paper on this topic notes, a U.S. CBDC could also potentially help maintain the dollar’s international standing.” Research & Development Projects Underway There are a multitude of research and development programs for CBDCs underway.  Currently, 105 countries, which represent more than 95% of the global GDP, are in various phases of CBDC exploration.  Approximately 50 countries are in the advanced phases of research and development, while 28 retail CBDC pilots and 3 live retail CBDCs have been implemented.  A study of 81 central banks determined that 90% are currently researching CBDCs, and over half are in the developmental or experimental phases.  Several key areas of CBDC exploration are highlighted below. China & e-CNY Project China’s CBDC pilot program continues to expand since the announcement of its launch in 2020, gaining 261 million digital wallets opened in 2021.  The Chinese government has extended the program to include more regions and applications.  As China’s CBDC pilot program expands, so do their surveillance capabilities of Chinese citizens, multinational corporations, and other consumers around the world.  On May 25, 2022, Senators introduced a bill known as the ‘Defending Americans from Authoritarian Digital Currencies Act,’ to prohibit app platforms, such as Apple and Google, from hosting apps that accept China’s digital currency.  Senator Tom Cotton commented that the digital currency will provide the Chinese government with “real-time visibility into all transactions on the network, posing privacy and security concerns for American persons who join this network,” adding, “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it.  We can’t give China that chance.”  On June 7, 2022, lawmakers introduced a bill in the Senate known as the ‘Responsible Financial Innovation Act,’ to regulate crypto and to direct several agencies including: CISA, ODNI, and the DoD to investigate the national security implications of the use of China’s CBDC. United States & Project Hamilton The Federal Reserve Bank of Boston and MIT Digital Currency Initiative are collaborating on a CBDC exploratory project known as ‘Project Hamilton.’  The first phase of the operation was completed, demonstrating the feasibility of a CBDC payment system similar to the scale of the US economy and the US dollar’s utilization globally.  Phase 2 of the project will focus on security, programmability, “how to balance privacy with compliance,” and safeguards against cyber-attacks.  Critics argue that a United States CBDC does not address the issues of cybersecurity, government abuse, privacy, and centralized control.  Congressman Tom Emmer commented, “Not only would this CBDC model centralize Americans’ financial information, leaving it vulnerable to attack, but it could also be used as a surveillance tool that Americans should never tolerate from their own government,” adding that, “Requiring users to open up an account at the Fed to access a US CBDC would put the Fed on an insidious path akin to China’s digital authoritarianism.”  Laying the foundation for their CBDC program, the Fed has developed “a new instant payment infrastructure” known as FedNow.  The new digital interbank instant payment system is expected to launch in 2023. European Union & Digital Euro Project The investigation phase of the Digital Euro Project began in October of 2021 and will be completed by October of 2023.  As part of the investigation phase, the European Central Bank has solicited public feedback.  The ECB received 8,200 public responses, a record number of participants in the survey that ended in January of 2021.  The feedback from this consultation provided a clear mandate, with the majority of respondents confirming that the public wants “payments to remain a private matter.”  The ECB again solicited public feedback in a survey that ended in June of 2022, which received well more than double the number of responses as the previous survey.  Once again, the public survey determined an overwhelming rejection of “digital slavery,” from a CBDC “slavecoin.”  One respondent wrote, “No to the digital Euro! Living in the EU is becoming a nightmare, with forced vaccinations on the horizon, and now a digital Euro.  It is clear that you want to have a population with no rights and no privacy – as wanted by your overlords of the WEF.”  Despite the crushing negative public responses to a CBDC over privacy concerns, the European Central Bank is moving forward with their plans.  European Commissioner Paolo Gentiloni remarked to the press that, “A completely anonymous digital euro is not desirable.”  A digital euro prototype is expected to launch in late 2023. International CBDC…

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