Sep 172023
 


Henri Cartier Bresson Paris 1952

 

BLM vs Proud Boys: The Shocking Hypocrisy Of US Law (Robert Bridge)
Trump Decries ‘Double Standard’ in Documents Case (ET)
Court Documents Reveal Number Of Trump Private Messages Disclosed By X (RT)
Jeffrey Sachs: US Sanctions Against Russia and China Destined to Fail (Sp.)
‘Ground War’ in Ukraine May Be Over – Macgregor (Sp.)
Kiev’s Requests for Arms Exceed NATO’s Production Capacity (Sp.)
Ukrainian Army Lost 9 Out Of Every 10 Troops – Conscription Officer (RT)
NATO Says It Can Deploy 3.5 Million Soldiers If Attacked (RT)
Zelensky Issues Warning To EU Neighbors (RT)
Zelensky Political Rival Charged With Treason (RT)
Orban Explains What Might Force West To Want Peace In Ukraine (RT)
Currency Wars Versus Gold Standards (Macleod)
Mali, Burkina Faso, Niger Sign Charter to Create Defense Alliance (Sp.)

 

 

 

 

Obama Bush
https://twitter.com/i/status/1703116084801413435

 

 

 

 

Tucker Carlson: “Criticize the drug companies, question the war in Ukraine, and you can be pretty sure this is going to happen.”

 

 

Russell

 

 

 

 

Captcha
https://twitter.com/i/status/1703082692609204482

 

 

I’ve come to the conclusion that America today is the living manifestation of “Universe 25”. Russia is not. Unless we change course, and get back to basics, we’re screwed. Russia wins by default—meaning that they’re not even trying to win. We’re just losing on our own.
– Scott Ritter

 

 

 

 

“America is looking more like a bona-fide banana republic than ever before.”

BLM vs Proud Boys: The Shocking Hypocrisy Of US Law (Robert Bridge)

Between May 2020 and January 6, 2021, the United States experienced two tumultuous events – one at the hands of liberals, the other of conservatives – that resulted in many millions of dollars in property destruction, as well as injuries and loss of life. Yet just one side in those battles suffered severe legal consequences for its actions. During the Black Lives Matter/Antifa riots that swept the US in the summer of 2020 following the police killing of George Floyd, protesters went on a rampage and stormed various government buildings in Portland, Oregon. One of the attackers, Kevin Benjamin Weier, 35, was arrested for setting fire to the federal courthouse. Many (right-wing) commentators have described that willful destruction of government property, and the assorted acts of violence by other protesters, as seditious acts against the US government.

For over 100 days the protesters kept Portland residents under a state of siege, as Democratic Mayor Ted Wheeler seemed unwilling or unable to halt the violence. That should come as no surprise considering that the Portland City Council slashed millions from the police budget, and even ordered the police to stop using tear gas in a futile attempt to appease the mob (Note to Portland: it’s impossible to appease a mob). Finally, President Donald Trump shocked liberal sensitivities by sending in federal agents to help restore order and arrest the perpetrators. So what happened to Antifa member Kevin Benjamin Weier and his motley crew of anarchists? While many protesters around the country had their prison bail paid by Hollywood celebrities, Mr. Weier, whose felony charge made him eligible for 10 years in the slammer, together with a hefty $250,000 fine, was ultimately sentenced to two years’ probation and a $200 fine. In other words, about the same slap on the wrist that a Los Angeles shoplifter could expect to receive.

Just six months after the BLM/Antifa protests had subsided, the American people were treated to yet another historic display of pent-up passions as thousands of disaffected Trump supporters descended upon the Capitol Building in Washington, DC to express their outrage over an election they believed had been stolen. While there were many scenes of chaos and pandemonium, with rioters breaching the entrance and carrying out acts of vandalism and looting, everything was not quite as it had seemed. Two years after the storming of the Capitol Building, 40,000 hours of surveillance videotape from that day were finally released, and the images show that the establishment media had been cherry-picking the worst scenes for public consumption.

“Taken as a whole, the video record does not support the claim that January 6th was an insurrection,” remarked Tucker Carlson, the first journalist to expose the tapes in their entirety. “In fact, it demolishes the claim.” Although there was undoubtedly a group of hooligans among the thousands of January 6th protesters responsible for wreaking a lot of havoc, the overwhelming majority of the participants “were not insurrectionists,” Carlson continued. “They were orderly and meek. They were sightseers.” Such a conclusion will be very difficult for most people to believe, but that’s only because the media continually broadcasted the most damning images from the Capitol Building, reinforcing the narrative of seditious rioters.

Now compare that harsh ‘made for television’ portrayal of January 6 with CNN’s “Fiery But Mostly Peaceful Protests” style of reporting it used to downplay the severity of the George Floyd protests. And while the Democrats and aligned media continue to sell the January 6 riot as a violent right-wing insurgency, as they pursue their primary goal of putting ‘dictator’ Donald Trump behind bars, the only person to suffer a violent death on January 6 was a protester named Ashli Babbitt, a 36-year-old military veteran. A Capitol Police officer shot her in the neck, with a later explanation by the department stating that he had “potentially saved Members [of Congress] and staff from serious injury and possible death.”

All things considered, the damage done by left-wing protesters during the George Floyd protests were far worse than the crimes committed by the Trump supporters on Capitol Hill. That becomes more evident when it is considered that acts of arson, vandalism, and looting that occurred between May 26 and June 8 caused approximately $1-2 billion in damages nationally, the highest recorded amount from civil disorder in US history. Meanwhile, the monetary damage caused by the Capitol Building protesters was just over $2.7 million. Meanwhile, as we have already discussed, there have been no serious criminal charges filed against the members of Black Lives Matter and Antifa, which brings us to the most hypocritical part of this story.

This week, Enrique Tarrio, the former chairman of the far-right organization Proud Boys, who wasn’t even in Washington, D.C. on January 6, was sentenced to 22 years in prison for plotting to keep Trump in power by force after he lost the 2020 election to Joe Biden. Stewart Rhodes, the founder of the similar-minded group the Oath Keepers, and one-time Proud Boys leader Ethan Nordean, were both handed 18-year sentences. The three men were found guilty of breaking the seditious conspiracy law, which was enacted after the Civil War to arrest Southerners who continued to take up arms against the US government.

In order for prosecutors to win a seditious conspiracy case, they must prove that two or more people conspired to “overthrow, put down or to destroy by force”the US government, or that they plotted to use force to challenge government authority. Although the case has already been settled, the jury is still out for many political pundits who, pointing to the January 6 surveillance videos, argue that the case for violent insurrection is weak at best. Now, with former President Donald Trump heading for court on March 4, 2024, just eight months before the presidential election, America is looking more like a bona-fide banana republic than ever before.

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“This is all about the Presidential Records Act,” President Trump said. “I’m allowed to have these documents. I’m allowed to take these documents, classified or unclassified. And frankly, when I have them, they become unclassified. “People think you have to go through a ritual—you don’t. At least, in my opinion, you don’t.”

“Hillary Clinton destroyed documents while under subpoena—while under subpoena—and wasn’t even charged. … Does it make you angry?” “Yeah,” he replied. “Yeah, it makes me angry.”

Trump Decries ‘Double Standard’ in Documents Case (ET)

President Trump is facing criminal charges in two federal cases relating to his handling of classified documents and his challenge of the 2020 presidential election results. Two additional cases have been brought by Democrat prosecutors in New York and Atlanta, though the former president holds that those cases were also brought in coordination with the Biden Department of Justice. “These are Biden indictments,” he said. “This is a guy that is grossly incompetent—I don’t even believe it’s him. It’s the people, the fascists that’s around him. Because I don’t believe he’s smart enough to do this, if you want to know the truth.” In the documents case, brought by Justice Department special counsel Jack Smith, President Trump stands accused of willful retention of national defense information, obstruction, and making false statements.

But the case, according to the former president, revolves around a “fake crime.” “They create a fake crime, and then they say, ‘Oh, you obstructed.’ This is a fake thing that they’ve done,” he said. Pointing to the Presidential Records Act of 1978, he contended that the law gives him the authority to decide which records he can keep. As support for those claims, President Trump cited a similar case involving audio recordings that President Bill Clinton kept in a sock drawer. The recordings were made during President Clinton’s time in office, but when government watchdog group Judicial Watch sued to obtain access to them, a federal judge dismissed the case. The 42nd president, the judge ruled, had the authority to decide which records qualified as personal and which were presidential.

“This is all about the Presidential Records Act,” President Trump said. “I’m allowed to have these documents. I’m allowed to take these documents, classified or unclassified. And frankly, when I have them, they become unclassified. “People think you have to go through a ritual—you don’t. At least, in my opinion, you don’t.” Further noting that the statute in question is civil rather than criminal, he asserted, “I did absolutely nothing wrong.” President Trump has pleaded not guilty to all of the charges filed against him. But while he may not be worried about a conviction, one emotion he admitted to feeling was anger. Ms. Kelly, noting that he had not been accused of destroying classified documents, said: “Hillary Clinton destroyed documents while under subpoena—while under subpoena—and wasn’t even charged. … Does it make you angry?”

“Yeah,” he replied. “Yeah, it makes me angry.” President Trump noted that Ms. Clinton smashed her cell phones and destroyed tens of thousands of emails after receiving a congressional subpoena, yet former FBI Director James Comey concluded that “no reasonable prosecutor” would bring charges against her. “Yeah, there’s a double standard in this country, and the people aren’t standing for it,” he said. “People get it.”

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“X lost its appeal and was found to be in contempt of court for delaying its compliance with the search warrant, leading to the $350,000 fine being imposed.”

Court Documents Reveal Number Of Trump Private Messages Disclosed By X (RT)

X, the social media network formerly known as Twitter, provided access to at least 32 of Donald Trump’s private messages as part of an investigation into the former US president’s alleged efforts to overturn the results of the 2020 election, according to recently unsealed court filings. Separate court documents from August previously stated that federal prosecutors had received“some volume” of Trump’s private messages. The exact number – 32 – was revealed on Friday as part of a court filing submitted by X, in which it is seeking to appeal a $350,000 fine for failing to comply with the terms of a search warrant. The content of the messages remains unclear. The warrant, which was served on the social media giant in January, gave X ten days to submit Trump’s data from between October 2020 and January 2021, a time span which the filing noted “includes the November 2020 presidential election and the January 6 insurrection at the Capitol.”

In addition to the search warrant, X was also issued with a so-called nondisclosure order designed to ensure that Trump was not aware that prosecutors had gained access to his private messages. This was, the court filing said, to prevent “destruction of or tampering with evidence, intimidation of potential witnesses or serious jeopardy to this investigation.” However, X told the investigation that it would be unable to comply with the search warrant as it had not been given enough time to do so. The company also objected to the nondisclosure order due to what it said was the “intense publicity around the investigation.” “Indeed, the materials Twitter produced to the government included only 32 direct-message items, constituting a minuscule proportion of the total production,” prosecutors said.

They added that the nondisclosure request was not a “hypothetical consideration” given alleged attempts by Trump to obstruct another federal investigation into his supposed mishandling of classified government documents at his Mar-a-Lago estate in Florida. Trump denies all wrongdoing in each of the cases against him. “The former president propagated false claims of fraud (including swearing to false allegations in a federal court filing),” prosecutors wrote in a legal brief, adding that he had “pressured state and federal officials to violate their legal duties, and retaliated against those who did not comply to his demand, culminating in violence at the US Capitol on January 6.” X lost its appeal and was found to be in contempt of court for delaying its compliance with the search warrant, leading to the $350,000 fine being imposed.

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“The more energetic and dynamic part of the world, the faster growing part of the world quantitatively, is not on the US-European side of the story..”

Jeffrey Sachs: US Sanctions Against Russia and China Destined to Fail (Sp.)

Sanctions have failed to bring Russia to its knees, as the nation’s economy has proved to be far more resilient than Western policymakers ever imagined. Back in March-February 2022 they projected that a bunch of restrictions would be effectively a knockout punch against the Russian economy, that they would bring military production to a halt and that they could even potentially cause mass political unrest. None of that has materialized. Why did Western analysts get Russia so wrong? “When it comes to Russia, the idea that this would be some kind of a ‘knockout blow’ for the conflict in Ukraine was utterly naive and predictably a failure,” renowned economist and Columbia University Professor Jeffrey Sachs told Sputnik. “But I think the Russian economy also was clearly vastly underestimated. And what the West gets wrong on all aspects of the Ukraine crisis is that the world is not united with the West. The West is just a small part of the world. Most of the world wants to stay clear of this crisis.”

[..] While Western sanctions have failed to cripple Russia’s economy and hinder China’s rise, they at the same time have given a boost to the development of the two countries, prompting them to explore new markets, develop new technologies and forge new partnerships. For instance, over the past two years, one has seen Chinese auto companies become major players on the international market, even overtaking German car producers. And one of the major markets for Chinese cars has been the Russian market, in large part because last year a lot of Western brands, a lot of Japanese brands left the Russian market, which created a void that the Chinese companies could fill.
“Well, I think certainly there is a huge boomerang effect of these sanctions. Europe is the biggest loser of the sanctions, this is for sure, because Russia’s low-cost production, both of primary energy certainly, but also of fertilizers and many other commodity-based manufactured goods going to Europe are now going to China and going to the rest of Asia. And Europe is in outright recession,” said Sachs.

“If there is a particular loser from all of this, it’s the German industry which had probably the closest symbiotic relationship with the Russian economy over the last 30 years,” added the professor. Germany is the only G7 nation that will see economic contraction this year, according to the IMF. The IMF attributes the trend to weak production output as well as a contraction in two consecutive quarters (Q4 in 2022 and Q1 in 2023). The latter factor prompted international economists to conclude in mid-July that the country had fallen into a technical recession. The destruction of the Nord Stream natural gas pipelines, as well as Berlin’s decision to follow in Washington’s footsteps and slap energy sanctions on Russia, backfired on German manufacturers, leading to relocation of businesses and, eventually, deindustrialization.

“All of the fervor against Nord Stream, for example, was a part of the US desire to ensure that Germany and Russia never got too cozy economically,” Sachs remarked. “And as Russia therefore turns to the broader BRICS world and the rest of the world, it’s those countries that benefit from these linkages,” the professor continued. “And it’s Europe that is absolutely left behind. One of those beneficiaries is China. Clearly. Because China is a crowded, densely populated economy with natural resources, but on a per capita basis, relatively low. So it’s very complementary with Russia. Add in the common shared high-tech element, and that’s an added benefit of this increasingly strong relationship between China and Russia on the economic side, because there is a lot of technology transfer that can go in both directions.

Add in the building of infrastructure across Eurasia, connecting Russia and China in a number of ways. That also is of great strength.” So, in the end, the Western sanctions policy has not led to any kind of a deep, prolonged crisis for either Russia or China. Quite the contrary, according to the professor. “The more energetic and dynamic part of the world, the faster growing part of the world quantitatively, is not on the US-European side of the story,” Sachs concluded.

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Terror strikes and long-range missiles do not win a war….

‘Ground War’ in Ukraine May Be Over – Macgregor (Sp.)

The ongoing conflict in Ukraine may be about to move to a new phase amid the severe losses sustained by the Kiev regime forces, warns former senior Pentagon adviser Col. Douglas Macgregor. With thousands of Ukrainian losses during the ongoing “counteroffensive”, Kiev appears to be “desperate for manpower” and is trying to rectify this problem by “forcing people into uniform inside the country that are not really capable of fighting” and attempting to repatriate Ukrainians of military age from overseas, Macgregor said during an interview with Norwegian political scientist Glenn Diesen. “So I think the Ukrainian ground war, for all intents and purposes, is either at a standstill or perhaps even over,” he remarked.

Macgregor did point out, however, that Kiev may instead resort to attacking Russia with long-range weapons acquired from Western sponsors, such as Storm Shadow and Taurus missiles, with the colonel suggesting that the recent Ukrainian attack on Sevastopol was an example of such a strike. He noted that this course of actions does not bode well for Ukraine as it essentially helps convince Moscow that the Ukrainian conflict can only be resolved through military means. Macgregor also lamented that the US leadership mulls what other armaments “short of a nuclear weapon” they can use via the Ukrainians instead of attempting to negotiate a peaceful solution to the Ukrainian conflict with Russia. “The Russians would love to sit down and talk to somebody who is willing to examine where we stand – no one will do it,” he said. “So this is why I call this phase of the war, it’s no longer the Ukrainian phase, it is now the Biden phase of the war. And the Biden phase of the war is long range strikes.”

He warned that such long range strikes into the Russian territory will not convince the Russians to acquiesce to the US’ demands, as the strategists in Washington apparently believe. “If anything, it is going to persuade the Russians that they must attack and attack decisively to the west,” Macgregor stated. Finding itself unable to defeat the Russian forces on the battlefield, the regime in Kiev has resorted to carrying out terror strikes against population centers and civilian infrastructure in Russia. While so far these attacks were mostly conducted using drones and Soviet-era ordnance, as well as by sending teams of Ukrainian terrorists across the border, odds are high that Kiev may also start actively using for these purposes the long-range missiles provided by its NATO sponsors.

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Again, this would take years to address.

Kiev’s Requests for Arms Exceed NATO’s Production Capacity (Sp.)

Chair of the NATO Military Committee Adm. Rob Bauer on Saturday admitted that Ukraine’s requests for weapons and ammunition, as well as the volume of defense production used in Ukraine, are “huge” and exceed the production capabilities of the alliance. “The volume of the weapons and the ammunition that Ukraine requires is huge … The scale and the volume of what is used is going beyond our production capacity,” Bauer said at a press conference in Norway. The Military Committee Chair also said that NATO countries that decide to supply weapons and ammunition to Ukraine have to think about the risks for their own security.

“When they think about giving away weapons or ammunition, they have to think on the decision itself, ‘Am I giving away?’. Second, what is the risk that I take against my own readiness in NATO, in my own country,” Bauer said. In this regard, the military official called on the NATO countries to address issues of increasing production capacity in the defense sector more quickly and efficiently. Moscow has condemned foreign military supplies to Ukraine. In April 2022, Russia sent a diplomatic note to all NATO countries on the issue of arms supplies to Ukraine. Russian Foreign Minister Sergey Lavrov has warned that any cargo containing weapons for Ukraine will become a legitimate target for Russia.

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… and we’re out of soldiers.

“..out of 100 people who joined the units last fall, 10-20 remain, the rest are dead, wounded or disabled.”

“..conscription of people with such severe conditions as hepatitis, HIV without symptoms, and clinically treated tuberculosis..”

Ukrainian Army Lost 9 Out Of Every 10 Troops – Conscription Officer (RT)

Up to nine out of ten Ukrainian draftees who joined the army a year ago were either killed or wounded in action, a senior conscription officer in the Poltava Region said on Friday, according to local media. Speaking at a meeting of Poltava City Council, Lt. Colonel Vitaly Berezhny, who serves as acting head of the territorial center of recruitment and social support, admitted that local authorities are struggling with their conscription campaign, having fulfilled the mobilization plan by only 13%, which puts the city in last place in the whole region. Berezhny was quoted by local media outlet Poltavshina as saying the military urgently needs reinforcements, as “out of 100 people who joined the units last fall, 10-20 remain, the rest are dead, wounded or disabled.”

To remedy the manpower shortage, the officer suggested rolling out draft notification posts in a bid to “establish the presence of conscripts.” He added that the region was also planning to create a large mechanized brigade, and urged local deputies to assist in the effort. Ukraine announced a general mobilization shortly after the start of Russia’s military campaign in February 2022, banning most men aged 18 to 60 from leaving the country. In August, former Ukrainian Defense Minister Alexey Reznikov said Kiev had not yet fulfilled its existing mobilization plan, suggesting there was no need for another draft drive. However, earlier this month, Ukraine’s Defense Ministry issued a decree allowing the conscription of people with such severe conditions as hepatitis, HIV without symptoms, and clinically treated tuberculosis.

At the same time, Ukrainian authorities embarked on a massive campaign against corruption in the country’s conscription system, with President Vladimir Zelensky recently firing all regional military conscription officials. Berezhny’s acknowledgment comes amid Ukraine’s counteroffensive that has been underway for more than three months but has failed to gain significant ground. Earlier this week, Russian President Vladimir Putin estimated Ukraine’s losses at more than 71,000 troops. He also suggested that Kiev could enter into negotiations with Moscow only when it comes close to running out of resources to throw at Russian defences, but concluded that Ukraine would need those talks only to restore its battered military potential.

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Please don’t ask how battle-ready those troops would be… Good thing nobody is planning to attack NATO.

Logos: “.. you do not have the time to prepare for an attack if the attack happens. And it is not us planning the attack, it is the opponent planning the attack. If they attack, you have to be ready..”

NATO Says It Can Deploy 3.5 Million Soldiers If Attacked (RT)

NATO, in accordance with its new defense plans, can deploy 300,000 soldiers in the first month of a potential attack on the bloc, while the total number of the alliance’s military personnel could reach 3.5 million people, Chair of the NATO Military Committee Adm. Rob Bauer said, Report informs via Sputnik. “If we are talking about collective defense, you do not have the time to prepare for an attack if the attack happens. And it is not us planning the attack, it is the opponent planning the attack. If they attack, you have to be ready. Therefore, we need more soldiers at high readiness … We are talking, in NATO as a whole if Finland and Sweden have joined, of about 3.5 million soldiers in the alliance. So the 300,000 is the number … that we foresee at high readiness available for basically the first 30 days if it is necessary,” Bauer told reporters at a press conference with Norwegian Chief of Defense Gen. Eirik Kristoffersen.

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“We won’t listen to Berlin, von der Leyen… because it’s in the interest of the Polish farmers.”

Zelensky Issues Warning To EU Neighbors (RT)

Kiev will respond if EU countries decide to impose unilateral restrictions on Ukrainian grain in contravention of decisions made in Brussels, President Vladimir Zelensky has said. On Friday, the European Commission opted not to extend a ban on deliveries of Ukrainian wheat, maize, rapeseed, and sunflower seeds to Poland, Hungary, Romania, Bulgaria and Slovakia. The curbs, which were introduced in May, expired on September 15. While the Bulgarian authorities supported the move, the other four EU member states said they would now introduce restrictions at national level due to the need to protect their agricultural industries. Zelensky wrote on Telegram that he had talked to European Commission President Ursula von der Leyen on the phone, telling her that he was “deeply grateful” to her for “keeping her word and maintaining the rules of the free market.”

The decision by Brussels not to extend the ban “is an example of true unity and trust between Ukraine and the EU. Europe always wins when the rules work and the treaties are fulfilled,” he said. However, the Ukrainian leader added that “now it’s important [to make sure] European unity also works on a bilateral level; that the neighbors support Ukraine” amid its conflict with Russia. If Poland, Hungary, Romania or Slovakia make decisions that “violate EU law, Ukraine will respond in a civilized way,” Zelensky warned, without specifying the countermeasures to which Kiev may resort to protect its interests. After learning about the ruling by the European Commission on Friday, Polish Prime Minister Mateusz Morawiecki said Warsaw would “extend the ban on Ukrainian grain. We won’t listen to Berlin, von der Leyen… because it’s in the interest of the Polish farmers.”

Hungarian Prime Minister Viktor Orban announced a similar plan, saying he was preparing for “a serious fight in Brussels” over the grain issue. Warsaw and Budapest have vigorously resisted deliveries of Ukrainian grain, despite having quite opposite views on the conflict between Moscow and Kiev. Poland has been one of the main backers of Ukraine in the EU, providing the country with weapons and insisting on increasingly harsh measures against Russia, while the Hungarian authorities have consistently criticized the bloc’s sanction on Moscow as ineffective, and insist on a diplomatic solution to the crisis.

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He banned almost all opposition. And the one he didn’t touch now turns out to be a Russian collaborator?!

Zelensky Political Rival Charged With Treason (RT)

Member of the Ukrainian parliament and former emergency-services minister Nestor Shufrich has been arrested and is being held on charges of treason issued by a court in Kiev, the country’s capital. According to footage from Friday’s hearing published by outlet RBK-Ukraine, the judge has ruled that Shufrich will stay behind bars for the next two months. The politician, who was a member of the Opposition Platform-For Life party before it was banned as pro-Russian on the orders of Ukrainian President Vladimir Zelensky last summer, has also been denied bail. Earlier in the day, masked operatives from Ukraine’s Security Service (SBU) arrived at the MP’s home, informing the 56-year-old that he’s suspected of treason and searching the premises.

The SBU said in a statement that its investigators have “collected a well-argued evidence base about the anti-Ukrainian activities” of Shufrich. According to the agency, the parliamentarian was an agent of Moscow whose main task was to promote pro-Russian sentiment in Ukraine through his media appearances. “He systematically disseminated the Kremlin’s narratives, that the Ukrainian state is allegedly an artificial entity, that Ukraine and Russia have a single history, and that Ukrainians and Russians are supposedly ‘one nation,’” the SBU claims. According to local media, items with Soviet and Russian symbols, including medals, ID cards and the Saint George’s ribbons with which Russians celebrate World War II victory, were found in the search of Shufrich’s home.

The lawmaker also allegedly owned a collection of Russian military uniforms. The investigators also reportedly found a 2014 document that details a plan for the autonomy of Donetsk and Lugansk Regions. Both territories, as well as Zaporozhye and Kherson Regions, officially became part of Russia last year after referendums. Kiev and its Western backers have labeled the votes a “sham.” Shufrich has been an MP since 1998, appearing in six iterations of the Verkhovna Rada. He also held the post of Ukraine’s Emergency Services Minister in 2006-2007, and in 2010, and was also deputy head of the country’s National Security and Defense Council, from 2010 to 2012.

Russian political analyst and former MP Sergey Markov suggested that Shufrich’s arrest might be a sign that Ukraine is preparing to stage a presidential election next year after all. President Zelensky said earlier that the vote will not be held as the country is under martial law. Shufrich used to be “one of the most pro-Russian MPs and one of most vivid critics of Zelensky,” but amid the conflict between Moscow and Kiev he “fully backed” the president, Markov wrote on Telegram. The analyst said that the MP is being detained by Ukrainian authorities over concerns that he “could suddenly run [in the election] and steal some of the Zelensky’s former voters,” who are disappointed in the president.

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“If there is something that might force European capitals to reconsider their position on the conflict, it is the further deterioration of the economic situation on the continent..”

Orban Explains What Might Force West To Want Peace In Ukraine (RT)

European nations might eventually forgo their support for Kiev’s military efforts in the ongoing conflict with Russia due to their own economic hardships, Hungarian Prime Minister Viktor Orban told nationwide Kossuth Radio on Friday. The conflict that has lasted for more than a year and a half is affecting the European economy, which “will not be like we want it to be” for as long as it goes on, Orban told the radio’s ‘Good Morning, Hungary!’ show. Yet, “war supporters are in the overwhelming majority” among EU governments, he pointed out. If there is something that might force European capitals to reconsider their position on the conflict, it is the further deterioration of the economic situation on the continent, the prime minister believes.

Most people in Europe already share Hungary’s position on the issue, which is anti-war, he claimed. Economic setbacks could force these people to “exert pressure” on their governments, he added. “Deterioration of the economic situation in the West will force countries to stand up for peace,” Orban said. According to the Hungarian prime minister, the outcome of next year’s US presidential elections might also heavily affect the West’s general position on the issue. “There are two possibilities: … the presidential candidates will either support the war or announce the end of the war,” he said. Orban said he believes that a US president is fairly capable of “putting an end” to the conflict.

That does not mean that Europe should just “wait for a fairy to end the war with a magic wand,” he added. The prime minister criticized the European approach to the conflict so far by saying that “181 billion of European money” has been spent on supporting Kiev but “we have not come any closer to peace.” It is unclear if he referred to dollars or euros. According to Ukraine Support Tracker data regularly published by Germany’s Kiel Institute for the World Economy, the EU institutions and EU nations together pledged a total of €131.9 billion ($139.8) for Ukraine between January 2022 and July 2023.

The UK, Norway and Switzerland, which are not part of the EU, together pledged an additional €23.31 billion ($24.8 billion) over the same period, bringing the total amount of European commitments to €155.21 billion ($165.66), data provided by the Kiel Institute showed. Viktor Orban has long maintained that the West was making a mistake by pursuing military confrontation with Russia in Ukraine. He has repeatedly stated that there could be no military solution to the conflict, adding that the US and its allies need to stop arming Kiev and seek peace with Russia instead.

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“It allows for the creation and destruction of credit determined solely by the needs of the Russian people, both as businessmen and consumers.”

Currency Wars Versus Gold Standards (Macleod)

In the middle of a war, usually a government suspends its gold standard. This would suggest that Russia can only consider a gold standard after its special operation in Ukraine is over. But the modern equivalent of a gold standard, the currency board, has been successfully established in modern times in nations with far worse budget deficits than Russia. Russia was in the fortunate position of a budget deficit of only 2.3% of GDP last year, despite military spending. This year, military spending has soared, and at a guess the deficit will be about 5% of GDP this year, but government debt to GDP will still be about 20%.

Anything other than ball-park numbers for the Russian economy are difficult to come by, and the volatility of the rouble is a further analytical hazard. But some of these numbers are not substantially different from where Britain was economically in 1816, when a return to the gold standard was planned — the exception being her estimated debt to GDP number, which at nearly 200% was ten times that of Russia today. Therefore, there is no reason why Russia cannot put the rouble onto a gold standard immediately.

In doing so, the objective is simple: to ensure that the purchasing power of circulating credit retains its value in terms of goods and services with as little fluctuation as possible. It would allow savers to accumulate credit balances in their bank accounts, and for businessmen to calculate the profitability of their investments with greater certainty. With income tax currently at a flat 13% rate and corporation tax at 20%, in these conditions economic progress will advance surprisingly rapidly. And there is every reason to expect Russia would quickly become an economic counterweight to the sheer power of China, rather than living off the depletion of her natural resources. It is necessary not just for Russia to distance herself from the fate of the western fiat currency system, but also for President Putin’s legacy.

The method of ensuring monetary stability is equally simple: to bind credit denominated in roubles to gold, which both in law and naturally is the money of the people. It is the highest form of credit, there being no counterparty risk. Its purchasing power in the general sense has held steady through millennia. Importantly, it removes the currency from political control and dollar influences. It allows for the creation and destruction of credit determined solely by the needs of the Russian people, both as businessmen and consumers.

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Message to Macron.

Mali, Burkina Faso, Niger Sign Charter to Create Defense Alliance (Sp.)

The leaders of Mali, Burkina Faso and Niger have signed a charter establishing an alliance of Sahel states to create a collective defense architecture, Mali’s interim president for the transitional period, Assimi Goita, said on Saturday. “I have signed today with the leaders of Burkina Faso and Niger the Liptako Gourma Charter, establishing the Alliance of Sahel States to create an architecture of collective defense and mutual assistance for the benefit of our people,” Goita said on X. An attack on the sovereignty or territorial integrity of one or more parties to the charter will be regarded as aggression against the other parties and will require their assistance, including the use of military force, the document read. The parties also commit to fighting terrorism and organized crime on the territory of Sahel states, the charter added.

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In 1913 Hitler, Trotsky, Tito, Freud and Stalin all lived together in Vienna

 

 

 

Gorilla babies

 

 

 

 

Buffalo

 

 

Flik flak
https://twitter.com/i/status/1702752462971572660

 

 

 

 

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Jul 112023
 
 July 11, 2023  Posted by at 9:11 am Finance Tagged with: , , , , , , , ,  65 Responses »


Gustave Doré Over London — By Rail 1872 (woodblock)

 

China Ready To Contribute To Build Stable World Jointly With Russia – Xi (TASS)
41+ Countries Returning To Gold Standard (QTR)
Anti-Russian Sanctions Spooking Countries Into Repatriating Gold Reserves (RT)
US, Europeans Depleted Their Weapons Stockpile Fighting Russia in Ukraine (Sp.)
Vaudevillian Visitors in Vilnius (Sp.)
Zelensky Can Expect Military Aid Guarantees From NATO Summit at Best (Sp.)
Ukraine In NATO Is ‘Path To Peace’ – FM (RT)
US State Dept Has Become ‘Ministry Of Truth’ – Moscow (RT)
Erdogan Ties Sweden’s NATO Bid To Türkiye’s EU Membership (RT)
Putin Held Meeting With Prigozhin, Wagner Commanders June 29 -Kremlin (Sp.)
Prigozhin’s War (Lauria)
US Cluster Munitions to Ukraine Can Lead to Humanitarian Problems – China (Sp.)
Ukraine Stepping Up Mercenary Recruitment Effort – Russian MOD (RT)
Welcome to Zuckerberg’s Vision of Internet “Kindness” (Turley)
UK Parents Prosecuted for Refusing to Pay for Transgender Treatments? (Turley)

 

 

 

 

Baby myocarditis
https://twitter.com/i/status/1678475139841662996

 

 

 

 

Luft
https://twitter.com/i/status/1678528304616226816

 

 

BRICS

 

 

 

 

“..mutual assistance, deep integration, innovation and pioneering, as well as mutual benefit.”

China Ready To Contribute To Build Stable World Jointly With Russia – Xi (TASS)

Beijing is ready to join efforts with Moscow to contribute to building a prosperous, stable and just world order, Chinese leader Xi Jinping said on Monday. “China is ready to continue working with Russia <…> in order to contribute to developing and reviving both countries as well as to build a prosperous, stable and just world order,” China’s CCTV quoted Xi as saying at a meeting with Russian Federation Council Speaker Valentina Matviyenko in Beijing. Xi said that, in the new era, his country was ready to continue developing the comprehensive partnership and strategic cooperation with Russia which imply “mutual assistance, deep integration, innovation and pioneering, as well as mutual benefit.”

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“That’s one she’s going to want to take back at some point, I’m certain.”

41+ Countries Returning To Gold Standard (QTR)

Remember back when the Russia/Ukraine war had just started, and I predicted that Russia and China would launch their own gold backed currency? At the time, this idea sounded completely foreign, and I was ridiculed for bringing it up. Today, it just become reality. 41+ countries look like they could be returning to a gold standard. The images plastered all over RT this weekend had headlines like “New Money, New World” and “Gold Standard Will Be Of Great Benefit To Strengthening New Singly Currency”. “The official announcement is expected to be made during the BRICS summit in August in South Africa,” Kitco reported over the weekend. “At first glance, a new transaction unit, backed by gold, sounds like good money – and it could be, first and foremost, a major challenge to the US dollar’s hegemony,” Thorsten Polleit, chief economist at Degussa, said.

He continued: “For making the new currency as good as gold, a truly sound currency, it must be convertible into gold on demand. I am not sure whether this is what Brazil, Russia, India, China and South Africa have in mind. Using gold as money, the unit of account would be a true game changer, no doubt about it. It could lead to a sharp devaluation of many fiat currencies vis-à-vis the yellow metal (including the BRICS fiat currencies), and it could catapult up goods prices in terms of fiat currencies. It could be a shock to the global fiat money system. I am not sure that this is what the BRICS wish to achieve.” The official announcement of the new currency is expected in August during the BRICS summit in South Africa.

Even more shocking than the announcement is the cavalier attitude that United States Treasury Secretary Janet Yellen appears to be taking to the news. In statements I can only describe as completely delusional, Yellen said this weekend: “I just want to reiterate what I’ve said in the past, which is I think the United States can rest assured that the dollar is going to play the dominant role in facilitating international transactions and serving as a reserve currency in the years ahead. I don’t see that role being threatened by any development including the one that you’ve mentioned [BRICS common currency].” That’s one she’s going to want to take back at some point, I’m certain.

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“’If it’s my gold then I want it in my country’”

Anti-Russian Sanctions Spooking Countries Into Repatriating Gold Reserves (RT)

An increasing number of countries are bringing home their bullion reserves in the wake of unprecedented sanctions imposed by the West on Russia, Reuters reported on Monday, citing an Invesco survey of central bank and sovereign wealth funds.According to the report, widespread losses for sovereign money managers resulting from last year’s financial market rout made them “fundamentally”rethink their strategies amid fears of higher inflation and further geopolitical tensions. The survey showed that over 85% of the participating 85 sovereign wealth funds and 57 central banks believe that inflation will now be higher in the coming decade than in the last.

A “substantial share” of central banks were reportedly concerned by the precedent set by sanctions on Russia. Almost 60% of respondents said it had made gold more attractive, while 68% were keeping reserves at home, compared with 50% in 2020. “’If it’s my gold then I want it in my country’ (has) been the mantra we have seen in the last year or so,”according to Invesco’s head of official institutions, Rod Ringrow, who oversaw the report. Confirming Ringrow’s assessment, one central bank told Reuters anonymously: “We did have it (gold) held in London… but now we’ve transferred it back to [our] own country to hold as a safe haven asset and to keep it safe.”

Nearly half of Russia’s $640 billion worth of gold and forex reserves were frozen by the West last year, included in numerous rounds of sanctions over the conflict in Ukraine. Moscow has condemned the freezing of its assets, describing the West’s plans to expropriate those funds as theft and warning of retaliatory measures. The Ivesco study showed that geopolitical concerns, combined with opportunities in emerging markets, have also triggered a shift among some central banks away from the US dollar. Of those surveyed, 7% reportedly believe that mounting US debt is also negative for the greenback, but most still see no alternative to the dollar as the world’s reserve currency.

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The military industrial complex is making a killing.

US, Europeans Depleted Their Weapons Stockpile Fighting Russia in Ukraine (Sp.)

The US and Europe may have the military budgets which far outstrip those of their global rivals, but there are multiple factors helping to explain their depletion and inability to expand production, retired. Major General Vallely, the chairman of the Stand Up America Foundation, a US advocacy and non-profit, told Sputnik. “As you know, when the Americans surrendered in Afghanistan, we left $85 billion-worth of equipment, ammunition, guns, tanks, helicopters, artillery. $85 billion is a lot. That would arm an entire country for years,” Vallely explained. Secondly, the US defense sectors “sells a lot of equipment to other countries – some 50 different countries,” which means not all its resources can be concentrated on one task, like flooding arms into Ukraine.

“And the third reason is the amount that we have sent into Ukraine, including what we called ‘prepositioned’ equipment in Europe. Those resources are depleted. So the American defense industry can’t keep up with demand now. We don’t have the manufacturing capability to keep up with what’s being used and what is needed in the future. The same goes for the European countries,” the senior officer said, pointing out that much of the weapons and equipment given to Kiev over the past year-and-a-half have been destroyed. Vallely also pointed to political, economic and social factors to account for the shortfall, saying many NATO countries, particularly in Europe, “are sort of reluctant” to keep pumping their military equipment into Ukraine with no end in sight.

Instead, they’ve actually “slowed down their production, I think, and also the amount of supplies that they’re giving Ukraine, because they want to keep a lot of that, at least some for themselves. So those are all reasons why we see this shortage and it’s going to continue,” he said. Major European NATO powers such as Germany, Italy and the UK have spent months warning that the stocks of weapons they have left after splurging on Ukraine would be enough to withstand just “48-72 hours” of combat in the event of a surprise invasion or other major conflagration. In the UK, defense officials complained privately back in January that the military had been “hollowed out” by arms shipments to Kiev, and London’s reluctance to up defense expenditures.

In spite of talk among NATO members about record defense budgets, Vallely doesn’t expect the alliance to be able to substantially ramp up production capabilities over the coming months and years. “I don’t think they want to. It costs the countries a lot of money to build this equipment. And you have an ailing economy in Europe and the United States. They can print all the money they want to, but still you have to build these things and it takes a lot of time,” he said. On top of that are resource constraints, including the rare-earth minerals the US has come to rely on China for but which Beijing has recently indicated it would be trimming down amid the ongoing trade war with Washington, Vallely said.

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NATO must deliver this week. But all they have is words. Bonuspoint for the headline.

Vaudevillian Visitors in Vilnius (Sp.)

The crisis in Ukraine is in many respects the consequence of the Western alliance’s decade-and-a-half long quest to pull Kiev into the bloc, despite repeated warnings by Russia that Ukrainian NATO membership was a “red line” for Moscow. The alliance first welcomed Ukraine’s “Euro-Atlantic aspirations for membership” at its 2008 summit in Bucharest, Romania. Two years later, the pro-Western government in Kiev was replaced in democratic elections by the government of Viktor Yanukovych, who pledged Kiev’s bloc neutrality. Four years after that, in 2014, Yanukovych was overthrown in a US-backed coup d’etat, with the crisis prompting Crimea to break off from Ukraine and rejoin Russia, and sparking a bloody conflict in Donbass. Moscow attempted to mediate the crisis over eight years through the Minsk peace accords, a comprehensive, 12-point peace deal calling for broad autonomy for Donbass as part of Ukraine.


Successive governments in Kiev dragged their feet on the Minsk deal’s implementation. In the meantime, in 2019, Ukraine’s parliament amended the country’s constitution to cement Kiev’s aspirations to join NATO and the European Union. In December 2021, as war clouds gathered over Donbass, Moscow attempted one final push to prevent the escalation of the Ukraine crisis into a Russia-NATO proxy conflict, proposing comprehensive security agreements to the US and the alliance to reduce tensions, including a request for a commitment from the Western alliance not to allow Ukraine to join the bloc. The alliance refused, saying it would never reject its “open door” policy. Several weeks later, amid Russian intelligence reports that Kiev would try to resolve the Donbass crisis by force, Moscow kicked off its special military operation.

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“NATO member states cannot use security guarantees as an alternative to Ukraine’s membership in the bloc.”

Zelensky Can Expect Military Aid Guarantees From NATO Summit at Best (Sp.)

Ukrainian President Volodymyr Zelensky can expect from the upcoming NATO summit in Vilnius on Ukraine’s admission to the alliance is guarantees of further military aid at best, Konstantin Gavrilov, the head of the Russian delegation at the military security and arms control talks in Vienna, said in an interview with Sputnik. Zelensky continues to bend his line that he needs Western weapons and military equipment under the pretext of a confrontation with Russia, the diplomat said, adding that is why Zelensky has long hinted that he would like an accelerated process of joining NATO. The UK and the US, however, have made it clear that the necessary criteria must be met for this.


“The best that Zelensky can expect [from the summit] is guarantees of further military assistance and supplies of ammunition,” Gavrilov said, adding that “the fact that a meeting of the NATO-Ukraine Council will be held during the NATO summit is just a nod to Kiev and nothing more.” On Monday Ukrainian Foreign Minister Dmytro Kuleba said that “NATO member states cannot use security guarantees as an alternative to Ukraine’s membership in the bloc.” The Lithuanian capital city of Vilnius will host the NATO summit from July 11-12. NATO Secretary General Jens Stoltenberg will chair the meeting. Discussions on Ukraine’s NATO prospects, strengthening the alliance’s eastern flank and defense spending are expected to top the summit’s agenda. On June 19, Stoltenberg said that the summit would not discuss a formal invitation, but rather ways to “move Ukraine closer to NATO.”

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War is peace.

Ukraine In NATO Is ‘Path To Peace’ – FM (RT)

Inviting Kiev into NATO will create peace in Europe, Ukrainian Foreign Minister Dmitry Kuleba argued on Monday, during an interview with the German public broadcaster ARD. Kiev was “promised entry” in 2008, but Germany and other Western European countries got cold feet, Kuleba told the Tagesschau newscast on Monday. The upcoming Vilnius summit of the US-led military bloc is the time to correct that “mistake,” he added.“We appreciate everything that Germany and the US are doing for Ukraine to support us in this war,” Kuleba added, but disagreed with Berlin that the invitation into NATO would drag the West into open war with Russia. The invitation is simple “a political message to Ukraine” and Article 5 – the mutual defense clause – “only applies if Ukraine is a member country.”

“Ukraine’s NATO membership is a path towards peace. Once Ukraine can join NATO, there will be no more wars in Europe,” Kuleba claimed, because “Russia will no longer dare to attack the alliance.” Although Kiev’s bid is strongly supported by the Eastern European and Baltic states, the leaders of Western Europe and the US have opposed making Ukraine a full-fledged NATO member. In a CNN interview over the weekend, US President Joe Biden reiterated that Washington is against admitting Ukraine into NATO and offered “Israel-like guarantees” instead. “Why does everyone always want to put Ukraine in a separate pot?” lamented Kuleba. “Why are people always looking for alternative solutions? Why can’t we simply develop a holistic solution for a European security architecture in which Ukraine sits in the NATO boat?”

He went on to insist that Ukraine is “a win” and not a burden, because “without our army, the eastern flank [of NATO] could not be defended at all.” Kiev will not accept guarantees as a replacement for membership, Kuleba added, but only as an interim measure. The US and its allies have spent over $100 billion just in 2022 to provide Ukraine with weapons, equipment, ammunition and even cash, while insisting they were not a party to the conflict with Russia. Ukrainian Defense Minister Alexey Reznikov has argued on multiple occasions that his country was already “de facto” a member of the Western alliance and “carrying out NATO’s mission” with theblood of Ukrainian soldiers.

No NATO membership for Ukraine was one of the key demands in Russia’s collective security proposal sent to Washington and Brussels in December 2021. Biden also revealed that Russian President Vladimir Putin had presented that condition at their July 2021 summit in Switzerland – but that he refused, citing NATO’s open-door policy. Moscow considers NATO’s eastward expansion as a threat to Russia’s national security and has cited Kiev’s ties to the bloc as one of the root causes of the current armed conflict with Ukraine. Russian officials have argued that Ukraine’s neutrality would be one of the necessary prerequisites for a lasting peace between the two countries.

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Yup, more Orwell.

US State Dept Has Become ‘Ministry Of Truth’ – Moscow (RT)

US authorities are urging the country’s media outlets to propagate falsehoods about Russia in a bid to undermine its stability amid the ongoing stand-off between Moscow and the West, the Foreign Intelligence Service (SVR) has claimed. In a statement on Monday, the agency quoted its director, Sergey Naryshkin, as saying that “the US State Department … basically dictates to the American media what exactly they should write and say,” adding that it “has finally turned into the ‘Ministry of Truth’.” The comment was an apparent reference to the fictional ministry tasked with falsifying historical events from George Orwell’s world-renowned dystopian novel ‘Nineteen Eighty-Four’.

The SVR, citing intelligence data, claimed that last month the department sent instructions to several major media holdings, including AT&T, Comcast Corporation, Graham Media Group, Nash Holdings, Newsweek Publishing and The New York Times Company, telling them to “reflect events in and around Russia in a distorted manner.” According to the agency, these outlets were tasked with convincing Russian citizens that there was a need for a “forceful struggle against the authorities, up to an armed rebellion.” They also wanted to “involve the population in protest actions” by “actively circulating falsehoods” about Russia’s purported weakness and its “inevitable defeat in the stand-off with the West,” the statement read.

To achieve this goal, Washington has told media organizations to focus on packaging certain narratives to young Russians, as well as hailing Russian opposition figures and other nationals engaged “in sabotage and terrorist actions” against Moscow as heroes, the agency claimed. “There is nothing new in freedom of speech being trampled on in the West. It is unfortunate that the State Department, which used to be a sober-minded and rational agency … has turned into a stinking landfill of informational garbage,” the SVR added. The statement comes after Kremlin Press Secretary Dmitry Peskov predicted in April that the level of “external interference” into Russia’s domestic affairs would only grow amid the Ukraine conflict. He also suggested that the West would be interested in derailing Russia’s presidential elections, which are scheduled for March 2024.

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The EU will never accept a muslim nation as a member.

Erdogan Ties Sweden’s NATO Bid To Türkiye’s EU Membership (RT)

Ankara will sign off on Sweden’s accession to NATO if the EU “opens the way” to membership for Türkiye, Turkish President Recep Tayyip Erdogan said on Monday. Erdogan has reportedly asked US President Joe Biden to help pressure Brussels into accepting Türkiye into the European bloc. “Türkiye has been waiting at the door of the European Union for over 50 years now, and almost all of the NATO member countries are now members of the European Union,” Erdogan told reporters before flying to NATO’s summit in Lithuania. “Come and open the way for Türkiye’s membership in the European Union. When you pave the way for Türkiye, we’ll pave the way for Sweden as we did for Finland,” he added.

Sweden, Finland, and Türkiye agreed last summer that Ankara would approve the two Nordic nations’ applications for NATO membership if both granted a number of key concessions to Ankara. Sweden and Finland promised that they would lift arms embargoes on Türkiye, extradite alleged Kurdish and Gulenist terrorists, and crack down on the activities of the Kurdistan Workers’ Party (PKK) within their borders. Türkiye’s parliament signed off on Finland’s application in March, but Erdogan maintains that Sweden hasn’t fulfilled its end of the bargain. In a phone call with Biden on Sunday, the Turkish president claimed that Sweden still allows “terrorist organizations” – referring to the PKK – to demonstrate on its streets, according to a readout of the call from Ankara.

Erdogan also told Biden that Türkiye expects a “clear and strong message of support” from NATO leaders for its EU membership at this week’s summit in Lithuania. A readout of the call from the White House made no mention of this request. Erdogan is set to hold talks with Biden and Swedish Prime Minister Ulf Kristersson while in Lithuania. sAsked about Erdogan’s comments, NATO Secretary-General Jens Stoltenberg told the Associated Press that Türkiye’s accession to the EU was not a part of the deal that Sweden, Finland, and Türkiye signed last year.

Stoltenberg insisted that Sweden has fulfilled its obligations, and that it is “still possible to have a positive decision” on its accession to the military bloc during this week’s summit. Türkiye applied for EU membership in 1987 and was recognized as a candidate in 1999. Membership negotiations opened in 2005, but progress was slow, and no talks have taken place since 2016. Brussels has since condemned Erdogan over alleged human rights abuses, and the Foreign Affairs Committee of the European Parliament warned in a 2017 report that constitutional reforms strengthening his powers could run afoul of EU law and threaten Ankara’s membership bid.

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“Putin listened to the explanations of the commanders and offered them further employment options..”

Putin Held Meeting With Prigozhin, Wagner Commanders June 29 -Kremlin (Sp.)

Russian President Vladimir Putin held a meeting in the Kremlin with Yevgeny Prigozhin, the head of the Wagner PMC and the group’s commanders to discuss the events of June 24, Kremlin spokesman Dmitry Peskov said on Monday. “Indeed, the president had such a meeting. He invited 35 people to it. All group commanders and company management, including Prigozhin. This meeting took place in the Kremlin on June 29 and lasted almost three hours,” Peskov told a briefing. The details of the meeting are confidential, but both Putin and Wagner commanders gave an assessment of the June 24 events, the spokesman said.

“The only thing we can say is that the president gave an assessment of the company’s actions at the front line during the special military operation, and also gave his assessment of the events of June 24. Putin listened to the explanations of the commanders and offered them further employment options,” Peskov said. Commanders of Wagner told Putin that they are his staunch supporters and are ready to continue fighting for Russia, the spokesman concluded. On June 23, forces of the Wagner Group (PMC) seized the headquarters of Russia’s Southern Military District in the city of Rostov-on-Don, following accusations leveled against the Russian Ministry of Defense for allegedly striking the group’s camps. Both the Russian military and the Federal Security Service have denied the allegations.

The next day, Belarusian President Alexander Lukashenko revealed that he had spent the entire day negotiating with Yevgeny Prigozhin, as agreed upon with Russian President Vladimir Putin. As a result of the talks, the Wagner group leader accepted Lukashenko’s proposal to stop the movement of his troops in Russia and take measures to de-escalate the situation. Putin guaranteed that the Wagner group fighters would have the opportunity to sign contracts with the Ministry of Defense of the Russian Federation, return home, or move to Belarus.

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“..Western governments and pundits clearly suffered more embarrassment from this episode than Putin did..”

Prigozhin’s War (Lauria)

MacGregor disagreed that the former Wagner chief was in cahoots with Russia’s enemies. He said: “I see no evidence that Mr. Prigozhin was made an agent by MI6 or the CIA or anybody else. Anybody who knows the Russians knows that any senior officer or commander or leader is surrounded by numerous FSB informants. The idea that he could have sold out even if he wanted to seems ludicrous.” Ritter pointed out in his CN piece that the Russian government is investigating the matter. If Prigozhin was indeed working for Western or Ukrainian intelligence they clearly did not get what they paid for. Lessons: For Russia: Don’t repeat the mistake of hiring a private army. Several analysts pointed to a 500-year old lesson from Niccolo Machiavelli that Russia ignored:

“Mercenaries and auxiliaries are useless and dangerous; and if one holds his state based on these arms, he will stand neither firm nor safe; for they are disunited, ambitious and without discipline, unfaithful. … I wish to demonstrate further the infelicity of these arms [i.e., mercenaries]. The mercenary captains are either capable men or they are not; if they are, you cannot trust them, because they always aspire to their own greatness, either by oppressing you, who are their master, or others contrary to your intentions; but if the captain [i.e., the leader of the mercenaries] is not skillful, you are ruined in the usual way [i.e., you will lose the war].”

MacGregor disputed the whole idea. He told Galloway: “I reject the notion that these people are mercenaries. I would compare them to the French Foreign Legion. The French Foreign Legion consists of large numbers of non Frenchmen in many cases, but they have sworn allegiance to the French state and the French nation, and no one has fought harder and more loyally for France than the French Foreign Legion. I would say you have something very similar in the Wagner group.= These are still Russians overwhelmingly, but there are numbers of Serbs or some Germans or others in the group, and they too have sworn allegiance to the Russian state. And as far as we can tell, none of them thought that they were marching on Moscow to remove Putin.

On the contrary, they saw themselves as going to Moscow to rescue Putin from what was widely considered bad advisors, bad councilors who have held up the Russian offensive and caused this war to drag out beyond the point of reason.” Whether they were mercenaries or not, the Kremlin and the MOD tried to get away with a dodgy legal maneuver and it caused them international embarrassment and nearly a bloody civil conflict. Lessons: For the West: Wait until an operation is over before popping the corks. Cries about a Russian civil war being under way, such as tweets from former U.S. Ambassador to Russia Michael McFaul, which blared that “The fight is now on. This is now a civil war,” blew up in their faces when Prigozhin turned tail.

The bigger lesson would be not to meddle in other nations’ internal affairs but that would be too much to ask. The entire Russian nation had rallied around Putin, leaving him in a much stronger position, exposing the continuing line that Russia is now a dangerously unstable nation. Western governments and pundits clearly suffered more embarrassment from this episode than Putin did. But ideologues rarely learn any lessons.

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A soft warning. China speaks in whispers.

US Cluster Munitions to Ukraine Can Lead to Humanitarian Problems – China (Sp.)

Last week, the US unveiled a new military assistance package for Ukraine that includes cluster munitions. The weapons are banned by the Convention on Cluster Munitions, which has been ratified by 123 countries, excluding the US and Ukraine. Supplies of cluster munitions by the United States to Ukraine may lead to humanitarian problems, Chinese Foreign Ministry spokeswoman Mao Ning said on Monday. “Many countries have spoken out against it [cluster munition supplies], irresponsible transfers of cluster munitions can easily lead to humanitarian problems. Humanitarian issues and military security issues must be dealt with in a balanced manner, and the transfer of cluster munitions must be treated with restraint and caution,” Mao told reporters.

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“..a recruitment drive is underway in Argentina, Brazil, Afghanistan, Iraq, and areas of Syria that are “under American control.”

Ukraine Stepping Up Mercenary Recruitment Effort – Russian MOD (RT)

Ukrainian units formed from foreign mercenaries have suffered high battlefield casualties, forcing Kiev to change its approach to finding hired fighters, the Russian Defense Ministry claimed on Monday. In a statement, the ministry alleged that the Ukrainian military command views foreign fighters as cannon fodder, sending them into the riskiest missions and placing them at the back of the line when it comes to the evacuation of injured troops. This has made recruiting fighters in European countries such as Poland much harder for Kiev, the assessment claimed. Ukraine has consequently ramped up efforts to find candidates in other parts of the world, according to the Russian Defense Ministry, which stated that a recruitment drive is underway in Argentina, Brazil, Afghanistan, Iraq, and areas of Syria that are “under American control.”

The reference to Syria likely concerns the predominantly Kurdish northeastern part of the country. The US supplied Kurdish militias with weapons, training and air support when they served as ground forces for the Washington-led coalition in the fight against Islamic State (IS, formerly ISIS). The Pentagon also maintains a military base in eastern Syria, despite the objections of the government in Damascus. The Russian Defense Ministry further claimed that Ukraine’s diplomatic missions in the US and Canada are actively hiring fighters with the help of the CIA and private military contractors under its influence.

Ukraine created the so-called International Legion for what it describes as foreign volunteers fighting for its cause. Moscow considers the fighters to be mercenaries and has repeatedly said that the regular laws of war do not apply to them. The Russian Defense Ministry’s assessment on Monday put the number of foreign mercenaries currently employed by Kiev at 2,029. There are numerous accounts from foreign fighters describing the perils of joining the Ukrainian ranks, including mismanagement by military leaders, corruption with logistics, and the overwhelming risks of engaging Russian forces.

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I’m seeing Orwell eveywhere today:

“..they were unwilling to allow the safety of others “to go to the winds so that people can speak freely.”

Welcome to Zuckerberg’s Vision of Internet “Kindness” (Turley)

“Threads’s rollout coincides with a court ruling that the government’s interventions to censor people on social media represented “the most massive attack against free speech in United States history.” Now, Facebook is offering an alternative to Twitter, with the assurance that users will be protected against any thoughts that Meta’s staff finds problematic. While free speech on Twitter is portrayed as harmful, the company has promised to “prioritize kindness.” That sounds eerily familiar to some of us as a way to deprioritize free speech. Recently, former Twitter executive Anika Collier Navaroli testified on how she and her staff would remove anything they considered “dog whistles” and “coded” messaging. Rather than using “kindness,” Twitter used undefined standards of “safety” to cancel free speech.

Navaroli declared that they were unwilling to allow the safety of others “to go to the winds so that people can speak freely.” Facebook has long tried to get the public to embrace its role as some kind of speech overlord. Years ago, Facebook rolled out an Orwellian commercial campaign to get the public to embrace censorship. The commercials showed young people heralding how they grew up on the internet and how the world was changing, creating a need for censorship under the guise of “content moderation.” Facebook, they promised, was offering the “blending of the real world and the internet world.”

Facebook is not alone in trying to get people to accept censorship. Recently, after the court ruling, various figures assured the public that they are better off letting corporate and government censors protect them from harmful thoughts. On CNN, Chief White House Correspondent Phil Mattingly went so far as to state that it simply “makes sense” for tech companies to go along with government censorship demands. After this week’s decision, the New York Times immediately issued a panicky tweet that the resulting outbreak of free speech could “curtail efforts to combat disinformation.” For his part, Zuckerberg prefers to just offer “kindness” and “sanity” with few details. Of course, there is a very simple way for Zuckerberg to show that he is committed to free speech: He can release the Facebook Files.

One of the reasons many of us in the free-speech community still support Musk is that he transformed the debate over government censorship by releasing the Twitter Files. For years, politicians and pundits dismissed objections from some of us to government-corporate coordination of censorship as unproven. In Congress, Democratic members attacked witnesses for supposedly lacking proof of censorship, even as they fought to block any investigation that might uncover that evidence. Musk changed all that by showing the public an extensive network of government interventions to support censorship and blacklisting of private citizens. Much of what we know today is derived from the Twitter Files, but surely there is more to learn.

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“The poorest man may in his cottage bid defiance to all the forces of the crown. It may be frail – its roof may shake – the wind may blow through it – the storm may enter – the rain may enter – but the King of England cannot enter.”

UK Parents Prosecuted for Refusing to Pay for Transgender Treatments? (Turley)

According to the UK’s Code for the Crown Prosecution Service (CPS), abusive conduct now includes “withholding money for transitioning [and] refusing to use their preferred name or pronoun.” So a parent with familial or religious objections to the transitioning of a child would be required under the law to fund operations or treatments. According to the guidance material, this is not even “an exhausted list,” but some of the first “examples” of potentially criminal conduct that comes to mind. The guideline would suggest that parents with deep-seated religious convictions against transgender status would either have to fund an operation that they consider immoral or face arrest for failing to do so.

To potentially prosecute a parent for refusing to use an adopted pronoun of their child is chilling and wrong. Nevertheless, a CPS spokesperson doubled down with a comment to Fox News that “domestic abuse is a severe crime and leaves victims with a lasting impact . . . This assists prosecutors to ensure that any victim, regardless of who they are, can get justice for the abuse they have faced.” This follows the erosion of free speech and religious rights in Britain, including English courts upholding the criminalization “toxic ideologies.” It was Sir Edward Coke in The Institutes of the Laws of England, 1628 who declared “For a man’s house is his castle, et domus sua cuique est tutissimum refugium [and each man’s home is his safest refuge].” William Pitt, the first Earl of Chatham later added:

“The poorest man may in his cottage bid defiance to all the forces of the crown. It may be frail – its roof may shake – the wind may blow through it – the storm may enter – the rain may enter – but the King of England cannot enter.” That no longer appears the case when misusing pronouns or failing to write a check for a child’s transitioning, which will now be treated as the same as physical child abuse. As the definition of abuse is broadened, the state derives greater control and direction over family affairs and relations. Moreover, leaving enforcement to the discretion of police in this “nonexhaustive” list only further undermines this long-standing protection over internal family matters. The question is what the limiting principle will be as the state defines a wider array of conduct to be child abuse. The default assumption of Pitt appears to have flipped in the United Kingdom.

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RFK
https://twitter.com/i/status/1678544638334967809

 

 

 

 

 

 

 

 

 

 

Support the Automatic Earth in virustime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

May 042022
 


Albert Gleizes The football players 1912-13

 

Medvedev Thinks That Zelensky Does Not Need ‘Any Peace Treaty’ (Tass)
Delegation Of Doom: Pelosi Visits Zelensky With Warhawk Dems (Celente)
Pope Admits NATO Likely Provoked Putin’s Invasion (ZH)
Good vs Evil (Yuri Podolyaka)
EU Plans For Russian Oil Ban: ‘We Want Ukraine To Win This War’ (BBC)
Russia Captures Commander of Canadian Army at Azovstal (APA)
Russian Oligarch With Close Ties To Putin Met With Hunter Biden In Moscow (DM)
Hunter Biden Laptop Repairman Sues Schiff, CNN, Politico, Daily Beast (NYP)
Russia Is Returning To The Gold Standard And China Is Going To Be Next (QTR)
Leaked Draft Opinion Rocks the Court and Washington (Turley)
The Irrational, Misguided Discourse On SCOTUS Controversies (Greenwald)
Study Into mRNA Vaccine Death Rates Sends ‘Danger Signals’ (Bhattacharya)
Face Mask Usage Correlates With Higher Death Rates (INN)
‘Brands Should Force Twitter To Uphold Content Policies Under Musk’ (CNN)

 

 

 

 

Donetsk

 

 

Eva K Bartlett: According to Western media, now copy-paste reporting the same claims, Russian forces apparently secretly buried *up to 9,000 Mariupol civilians* in “mass graves” in a town just west of the city.

 

 

“Not an inch of #NATO’s present military jurisdiction will spread in an eastern direction.”
—Memorandum of conversation between Mikhail Gorbachev and James Baker in Moscow, Feb 9 1990

 

 

“..using unfortunate citizens as expendable material while posing unshaved before cameras and talk nonsense with eyes shining from stimulators.”

Gonzalo Lira: “Remember, Medvedev is considered dovish and pro-Western—so imagine what the hawkish anti-Westerners in Moscow are like.”

Medvedev Thinks That Zelensky Does Not Need ‘Any Peace Treaty’ (Tass)

Ukrainian President Vladimir Zelensky does not need any peaceful settlement, Deputy Chairman of the Russian Security Council Dmitry Medvedev asserted. “Zelensky does not need any peace treaty. For him, peace is the end,” he said on his Telegram channel. According to him, this end would be “either a quick one – from the Nazis who will hang him for a deal with Russians, or a slower one, from his competition who will attain his dismissal as the president who lost a war.” He pointed out that Zelensky’s retinue confirms this saying that “there will be no peace treaty.” “That is why Zelensky in the future will keep begging the West for money and weapons, trying to prove he is still in the game, that he is the hope of the liberal world, that he is the last stronghold of European democracy which a bear in a cotton-padded jacket wants to tear apart,” Medvedev said.


He added that at the same time, Zelensky would “imitate concern for Ukrainians, periodically positioning them as a human shield against the Bandera followers.” Additionally, according to the deputy chairman, the Ukrainian president will continue “to send hired killers to Russian journalists, positioning himself as a tough exterminator, spawn criminal fake news about Russia’s military operation using unfortunate citizens as expendable material while posing unshaved before cameras and talk nonsense with eyes shining from stimulators.” “There is no other way for Zelensky to remain in office. That is, if the office itself remains,” Medvedev concluded.

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Delusional on all levels.

Delegation Of Doom: Pelosi Visits Zelensky With Warhawk Dems (Celente)

House Speaker Nancy Pelosi and other Democrat lawmakers arrived in Kyiv for an unannounced visit with President Volodymyr Zelensky and did just what the script said: they praised the comedian for his courage and promised more weapons to keep the killing going. It is not truly U.S. support unless it comes with a trigger. Pelosi, the highest-ranking U.S. official to make the journey to Kyiv for a photo-op, promised Zelensky that more weapons were coming and Washington would continue to fund its proxy war against Moscow. Rep. Jason Crow, D-Colo., was part of the delegation that genuflected at the Altar of Zelensky, and told reporters afterwards that there were three areas of focus: “weapons, weapons, and weapons.” He also posted a photo on his Twitter page promising Kyiv that the U.S. “is in this to win in and we will stand with Ukraine until victory is won.”

He did not clarify exactly what the U.S. was “in,” but the Biden administration has not announced publicly that the country is at war with Russia. Pelosi’s freak-show – which included Rep. Adam Schiff – was there to send an “unmistakable and resounding message to the entire world: America stands firmly with Ukraine.” “We believe that we are visiting you to say thank you for your fight for freedom, that we are on a frontier of freedom and that your fight is a fight for everyone. And so our commitment is to be there for you until the fight is done,” she said. Schiff, who looked like a school boy meeting his hero when waiting to shake Zelensky’s hand, also got the memo and, after the visit, said one thing is clear: “We must continue to give military aid to Ukraine, and humanitarian assistance to those seeking refuge at home and in neighboring countries like Poland.”

Schiff said he was in “awe of the courage of President Zelenskyy and the Ukrainian people. In the face of extreme Russian brutality, Zelenskyy has inspired his people, and freedom-loving individuals across the world.” U.S. officials have been bolder in recent weeks because the propaganda campaign has been so effective. Defense Secretary Lloyd Austin, who once sat on Raytheon’s board, said at the news conference last week that the U.S. wants to see Russia “weakened to the degree that it can’t do the kinds of things that it has done in invading Ukraine.” He continued, “So it has already lost a lot of military capability. And a lot of its troops, quite frankly. And we want to see them not have the capability to very quickly reproduce that capability.” Mark Milley, the chairman of the Joint Chiefs, also told reporters that the U.S. wants “a free and independent Ukraine,” and “that is going to involve a weakened Russia, a strengthened NATO.”

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If we can ban a President, we certainly can censor a Pope…

Pope Admits NATO Likely Provoked Putin’s Invasion (ZH)

Pope Francis has said that he’s ready to meet President Vladimir Putin in Moscow in hopes of brokering an end to the war in Ukraine, according to the Vatican news agencies. He said in an interview published Tuesday by the Italian daily Corriere della Sera, “I am not going to Kyiv for now; I feel that I must not go. First I must go to Moscow. First I must meet Putin. But I am also a priest, what can I do? I do what I can. If Putin would only open the door…”. The Roman Catholic leader’s criticisms of Russia’s actions in Ukraine were made clear throughout the interview, but among the more interesting and surprising lines came when he addressed the roots of the invasion and war which started on Feb 24. He told the newspaper that “the barking of NATO at the gates of Russia” is likely what motivated Putin to attack Ukraine.

Below is the relevant section of the interview, according to a machine translation from the Italian: “Pope Francis’ concern is that Putin, for the moment, will not stop . He also tries to think about the roots of this behavior, about the reasons that push him to such a brutal war. Perhaps the “barking of NATO at Russia’s door” prompted the head of the Kremlin to react badly and unleash the conflict. “An anger that I don’t know if it was provoked – he wonders – but perhaps eased, yes”. Also interesting is that Francis came close to condemning the international weapons transfers now pouring into Ukraine, led by the US which has lately authorized an unprecedented billions in military aid to Ukraine’s government.

“And now those who care about peace are faced with the great question of the supply of weapons by Western nations to the Ukrainian resistance,” the Pope began with his thoughts on this question. He admitted the question is controversial even within the Catholic world. “I can’t answer, I’m too far away, to the question of whether it is right to supply the Ukrainians,” he said, before taking a swipe at the weapons industry. “The clear thing is that weapons are being tested in that land. The Russians now know that tanks are of little use and are thinking of other things. Wars are fought for this: to test the weapons we have produced.”

“This was the case in the Spanish Civil War before the Second World War. The arms trade is a scandal, few oppose it.” He then invoked the case of the years’-long Saudi-US war on Yemen, describing that “Two or three years ago a ship loaded with weapons arrived in Genoa which had to be transferred to a large freighter to transport them to Yemen. The port workers did not want to do it. They said: let’s think of the children of Yemen. It’s a small thing, but a nice gesture. There should be so many like that.”

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Saker: “Yuri Podolyaka is an analyst who recently had his channel terminated on YouTube..”

“..They know how the Russian prisoners are treated in Ukraine – they are beaten, tortured, sometimes even killed. Ukrainians are surprised that they are not even beaten…”

Good vs Evil (Yuri Podolyaka)

Ukraine is one of the fronts of the battle of Good against Evil, it is not the battle of countries or even ideas. Today is May 3rd and today I want to talk about what we’re all fighting against. It’s not even about what happens in Ukraine, but about what happens in the world in general. A Russian pilot, Konstantin Yaroshenko, told us about how he was brought back to Russia . He was being transferred in manacles and they were removed only after US representative made absolutely sure the US exchange prisoner was aboard the Russian plane. Before that, for almost 24 hours, Konstantin couldn’t even drink water properly because of the manacles – he physically couldn’t take a bottle of water, so he had to ask the guard to pour water into his mouth.

That’s how Americans treat the prisoner who was already pardoned and was to be exchanged. The American prisoner was treated entirely differently, in humane conditions. And here I remembered the first thing that amazes the Ukrainian prisoners when they are taken captive – they don’t expect the decent treatment they get. They know how the Russian prisoners are treated in Ukraine – they are beaten, tortured, sometimes even killed. Ukrainians are surprised that they are not even beaten. This is a huge difference that can’t be ignored. This goes for journalism as well – the Russian journalists, like me, get regular death threats and are in real danger. There is not a single case of someone threatening a Ukrainian journalist that takes official Kiev position.

If someone makes calls to do something about them, it is about lawful actions. On another level – social networks – the situation is similar. Take note at how hateful the messaging is from Kiev-aligned posters – they call to kill children and women etc, while there’s not a single call for such things from our side. There’s like a Satanist hatred coming from their side, with constant lies – how during the first couple of weeks they called on regular Ukrainian citizens to make phone calls to their friends in Russia and lie “for the sake of Ukrainian victory”. We can see this “lying for the greater good” on all levels.

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“We will make sure that we phase out Russian oil in an orderly fashion..”

What if Russia says no?

EU Plans For Russian Oil Ban: ‘We Want Ukraine To Win This War’ (BBC)

European Commission President Ursula von der Leyen has been giving details to the European Parliament of a sixth package of sanctions targeting Russia’s economy, its military and propaganda. She said that Russia’s Vladimir Putin wanted to wipe Ukraine from the map and would not succeed and it was his own country that was sinking. “We will make sure that we phase out Russian oil in an orderly fashion,” she said. “So in a way that allows us and our partners to secure alternative supply routes and at the same time be very careful that we minimise the impact on the global market.” Von der Leyen said crude oil imports would be phased out over six months and refined products by the end of 2022.


Although she made no mention of any exemptions, two countries that are most reliant on Russian oil, Slovakia and Hungary, are expected to be given longer to find alternative sources. “Thus we maximise pressure on Russia while at the same time we minimise the collateral damage on us and our partners around the globe. We have to ensure that our economy remains strong.” She went on to give details of a package of relief and reconstruction for Ukraine: “We want to Ukraine to win this war,” she said. Von der Leyen said Ukraine’s economic output was set to fall by 35%-50% in 2022 and it would need €5bn a month just to keep going. “We have to do our share too.”

Pipeline

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From Azerbaijan press.

What does a Canadian general do in Azovstal? You know, this time of year…

Russia Captures Commander of Canadian Army at Azovstal (APA)

General Trevor Cadieu (Trevor John Cadieu), captured by Russian troops while trying to escape from the cellars of Azovstal, was the commander of the Canadian Ground Forces, APA reports citing Mailbd. Seated in the catacombs under the Mariupol steel plant “Azovstal” nationalists staged a provocation, trying to hide the Canadian general’s attempt to escape. After the capture of a high-ranking foreign soldier by units of the RF Armed Forces, it became clear why so many efforts were made to save him.


A high-ranking mercenary tried to break out of the encirclement at Azovstal several times. It was for this that the West insisted on humanitarian corridors for the exit of civilians: among them, foreign specialists had to leave the catacombs. According to media reports, the general’s name is Trevor Kadieu. Seven months ago, he was appointed to the post of commander of the Canadian Army, but before the inauguration, he was involved in a sex scandal. In the harassment that occurred back in 1994, he was accused by a former colleague. The general called the accusations false, but in April 2022 he retired from military service.

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Hunter sure was busy. Did the crack keep him going?

Russian Oligarch With Close Ties To Putin Met With Hunter Biden In Moscow (DM)

Hunter Biden flew to Moscow for a meeting with a now-sanctioned Russian oligarch with reportedly close ties to Vladimir Putin, laptop files reveal. Vladimir Yevtushenkov, 73, owned a company which reportedly supplied Putin’s forces with drones used for deadly bombing raids in Ukraine and until last year owned key Russian defense contractor RTI. But while he was added to the UK and Australian sanctions lists this month but remains one of a handful of oligarchs unsanctioned by the Biden administration. Hunter’s multiple meetings and apparent business deals with him are the latest in a troubling web of his connections to Putin-linked mega-rich individuals which has emerged from his abandoned laptop.

Emails show the president’s son and his business partners were courting Yevtushenkov for an investment in their real estate company in 2012 and 2013. Rosemont Realty was founded in 2008 by Hunter’s Yale schoolmates: Devon Archer and former secretary of state John Kerry’s stepson Chris Heinz. Hunter joined the firm’s advisory board in 2010 and was a part owner, earning him hundreds of thousands. Emails show that in 2011, his now-jailed business partner Archer was traveling to Russia, staying in luxury hotels and dining on bear meat, laying the foundations for future real estate deals that he believed could be lucrative for the firm. In November that year Archer wrote to an associate: ‘Moscow is going great… It does look like I will be back quite a bit based on our initial response to the real estate fund pitch.’

Three months later Hunter got involved, scheduling a trip to the Russian capital for a dinner with Yevtushenkov at the headquarters of his company Sistema on February 16, 2012, according to emails and calendar entries on his laptop. Documents published this week by journalist Vicky Ward on her blog suggest the Russian billionaire then took a trip to the US for meetings with Hunter and his Rosemont Realty business partners. A Sistema itinerary translated from Russian, which Ward reported was leaked to her from a source close to Yevtushenkov’s company, lists a March 14, 2012 ‘breakfast with Hunter Biden’ at the Ritz-Carlton in New York.

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“..Mac Isaac now has well-heeled backers at non-profit The America Project.. [retired Army Gen. Michael Flynn]..”

Hunter Biden Laptop Repairman Sues Schiff, CNN, Politico, Daily Beast (NYP)

The Delaware computer repairman who blew the whistle on Hunter Biden’s laptop — filed a multi-million-dollar defamation suit Tuesday against Democratic Rep. Adam Schiff, CNN, The Daily Beast and Politico, saying they falsely accused him of peddling Russian disinformation. The former shop owner, John Paul Mac Isaac, decided to fight back after losing his business and being harassed for 18 months by Big Tech, the media and Delaware locals in President Biden’s home state. “After fighting to reveal the truth, all I want now is for the rest of the country to know that there was a collective and orchestrated effort by social and mainstream media to block a real story with real consequences for the nation,” the 45-year-old Mac Isaac told The Post.

“This was collusion led by 51 former pillars in the intelligence community and backed by words and actions of a politically motivated DOJ and FBI,” he continued. “I want this lawsuit to reveal that collusion and more importantly, who gave the marching orders.” Mac Isaac came to legally own the laptop after Biden’s son Hunter dropped it off at his store for repairs in April 2019 and never came back. The material on the laptop has raised serious questions about what Biden knew of his son’s overseas business deals, during which he and the president’s brother, Jim Biden, often invoked his powerful name. After handing over a copy of the laptop’s hard drive to the FBI in December 2019, eight months later Mac Isaac alerted then-President Donald Trump’s lawyer Rudy Giuliani, who provided a copy of the hard drive to The Post.

When The Post’s first story broke in October 2020 — just three weeks before the presidential election — Twitter and Facebook moved to censor it. Then Schiff and 51 former intelligence officials labeled the laptop Russian disinformation. In the aftermath, Mac Isaac says his business and reputation was ruined. “Twitter initially labeled my action hacking, so for the first day after my information was leaked, I was bombarded with hate mail and death threats revolving around the idea that I was a hacker, a thief and a criminal,” Mac Isaac said. Schiff, who chairs the House Intelligence Committee, “has some explaining” to do, Mac Isaac insisted. “Without any intel, the head of the intel committee decided to share with CNN and its viewers a complete and utter lie,” Mac Isaac said. “A lie issued in the protection of a preferred presidential candidate.”

Mac Isaac said he’s since endured false accusations of being a Russian spy and a “stooge” for Russian President Vladimir Putin. “The fight to get to the bottom of who told everyone this was Russian disinformation is far more important for the nation than me clearing my name,” Mac Isaac said. In the suit, which was filed in Montgomery County, Md., Mac Isaac claims Schiff defamed him in an interview on CNN two days after The Post began publishing revelations from the laptop. In the interview with Wolf Blitzer, Schiff told the CNN host — without citing evidence — that he believed “the Kremlin” was behind a smear of Joe and Hunter Biden.

Mac Isaac tried unsuccessfully to sue Twitter for defamation last year and was lumbered with the tech giant’s legal bills — an amount he says is roughly $175,000. But Mac Isaac now has well-heeled backers at non-profit The America Project, which was founded by Trump loyalists retired Army Gen. Michael Flynn, brother Joe Flynn and businessman Pat Byrne. “[We are] honored to sponsor John Paul Mac Isaac in his fight against the injustice that has been done to him when the political elite coordinated with the leftist news media claiming the Hunter Biden laptop was Russian disinformation – which was a blatant lie,” Flynn said.

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“..the west and our allies, with our “infinite” fiat, under the tutelage of rocket surgeon Neel Kashkari..”

Russia Is Returning To The Gold Standard And China Is Going To Be Next (QTR)

No sooner was it that I wrote an article talking about how Russia was going to back the ruble with gold than “one of the Russia’s most powerful security/intelligence officers and a close ally of Putin” has admitted the country’s intentions to do just that. And I’m predicting that no sooner will the gravity of this decision finally sink in with the West that China will follow closely in Russia’s footsteps and do the same. Russia backing its currency with gold represents one of the most drastic changes to the foreign currency market in decades. As of 2022, precisely zero countries still adhere to a gold standard, though many countries still hold gold in reserve.

The new global monetary system is likely going to look like Russia, China, India, Saudi Arabia and other countries with commodity-backed, sound money on one side – and the west and our allies, with our “infinite” fiat, under the tutelage of rocket surgeon Neel Kashkari, on the other. Despite the enormity of the situation, the news hasn’t really been digested by global markets yet. The FX market has been relatively calm, but for the ruble strengthening, and gold prices have crashed so far this week, with front month futures falling nearly $50/oz. on Monday, back down to about $1,860/oz. Aside from the FX market, the news also hasn’t been digested by US politicians or financial “thought leaders” yet.

However, there are underground rumblings starting to catch the ears of those who are actively listening. Ronan Manly wrote for BullionStar.com last week: “On Tuesday 26 April in an interview with newspaper Rossiyskaya Gazeta (RG), the Secretary of the Russian Federation’s Security Council, Nikolai Patrushev, said that Russian experts are working on a project to back the Russian ruble with gold and other commodities.” Manly was kind enough to translate the interview with RG, which stated Russia’s intentions to back the ruble with gold in crystal clear fashion:

RG Question: And what do we need to do to ensure the ruble’s sovereignty? Nikolai Patrushev: “For any national financial system to be sovereignized, its means of payment must have intrinsic value and price stability, without being pegged to the dollar. Now experts are working on a project proposed by the scientific community to create a two-circuit monetary and financial system. In particular, it is proposed to determine the value of the ruble, which should be backed by both gold and a group of goods that are currency values, and to put the ruble exchange rate in line with the real purchasing power parity.” Manly concludes, matter-of-factly: “So there you have it. The Russian Government is actively working on creating a gold and commodity backed Russian ruble with intrinsic value which is outside the orbit of the US dollar.”


The ECB can’t hike or the euro is done

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“..the culprit will have to make a decision today of whether to radically increase the potential costs of this act..”

Leaked Draft Opinion Rocks the Court and Washington (Turley)

The leaking of a draft opinion in Dobbs v. Jackson Women’s Health Organization has rocked the Court and Washington. The 98-page draft opinion is dated Feb. 10, 2022 and authored by Associate Justice Samuel Alito. I have two columns (in USA Today and The Hill) today on the opinion and the disgraceful leak from within the Court. The opinion is joined by Justices Clarence Thomas, Neil M. Gorsuch, Brett M. Kavanaugh and Amy Coney Barrett. It declares that “Roe and Casey must be overruled. It is time to heed the Constitution and return the issue of abortion to the people’s elected representatives.” The opinion can change but the damage done to the Court as an institution will likely be lasting. This shattered a long tradition of the Court of strict secrecy and integrity in the handling of drafts.

The leak is the greatest crisis faced by Chief Justice John Roberts and the greatest security breach in the history of the Court. While leaks have appeared periodically on internal strife or issues on the Court, I cannot recall anything of this scale. Roe itself was the subject of leaks. The Washington Post did run some leaks the court’s internal deliberations. Then there was a premature disclosure of information hours before the formal release of the opinions. A few hours before the release, word got out on the holding of the Court. However, that all pales in comparison to the release of a draft opinion months in advance of the expected release. Chief Justice Roberts has confirmed the legitimacy of the draft and the launching of an investigation. The question is how the Court will proceed in the investigation. Anyone taking this deeply unethical act is likely to have taken steps to hide their tracks.

I would be surprised if there were a paper trail or email record. However, anyone who would take such a reckless act may have been equally reckless in the means used to violate the Court’s rules. If the culprit is a lawyer, disbarment would seem a virtual certainty. This person may be a hero in the eyes of some, but will remain a pariah in the eyes of any ethical lawyer. Yet, disbarment could be the least of the problems. If a suspect lies to the FBI, there could be prosecution under 18 U.S.C. 1001. Thus, the culprit will have to make a decision today of whether to radically increase the potential costs of this act. There are a relatively small number of individuals with access to these drafts. It is likely that the culprit will be contacted quickly with others by investigators. That will prove a critical moment that could transform an unethical into a criminal act.

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“Like the U.S. Constitution itself, the Court is designed to be an anti-majoritarian check against the excesses of majoritarian sentiment.”

The Irrational, Misguided Discourse On SCOTUS Controversies (Greenwald)

Alito’s draft is written as a majority opinion, suggesting that at least five of the Court’s justices — a majority — voted after oral argument in Dobbs to overrule Roe on the ground that it was “egregiously wrong from the start” and “deeply damaging.” In an extremely rare event for the Court, an unknown person with unknown motives leaked the draft opinion to Politico, which justifiably published it. A subsequent leak to CNN on Monday night claimed that the five justices in favor of overruling Roe were Bush 43 appointee Alito, Bush 41 appointee Clarence Thomas, and three Trump appointees (Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett), while Chief Justice Roberts, appointed by Bush 43, is prepared to uphold the constitutionality of Mississippi’s abortion law without overruling Roe.

Draft rulings and even justices’ votes sometimes change in the period between the initial vote after oral argument and the issuance of the final decision. Depending on whom you choose to believe, this leak is either the work of a liberal justice or clerk designed to engender political pressure on the justices so that at least one abandons their intention to overrule Roe, or it came from a conservative justice or clerk, designed to make it very difficult for one of the justices in the majority to switch sides. Whatever the leaker’s motives, a decision to overrule this 49-year-old precedent, one of the most controversial in the Court’s history, would be one of the most significant judicial decisions issued in decades. The reaction to this leak — like the reaction to the initial ruling in Roe back in 1973 — was intense and strident, and will likely only escalate once the ruling is formally issued.

Every time there is a controversy regarding a Supreme Court ruling, the same set of radical fallacies emerges regarding the role of the Court, the Constitution and how the American republic is designed to function. Each time the Court invalidates a democratically elected law on the ground that it violates a constitutional guarantee — as happened in Roe — those who favor the invalidated law proclaim that something “undemocratic” has transpired, that it is a form of “judicial tyranny” for “five unelected judges” to overturn the will of the majority. Conversely, when the Court refuses to invalidate a democratically elected law, those who regard that law as pernicious, as an attack on fundamental rights, accuse the Court of failing to protect vulnerable individuals.

This by-now-reflexive discourse about the Supreme Court ignores its core function. Like the U.S. Constitution itself, the Court is designed to be an anti-majoritarian check against the excesses of majoritarian sentiment. The Founders wanted to establish a democracy that empowered majorities of citizens to choose their leaders, but also feared that majorities would be inclined to coalesce around unjust laws that would deprive basic rights, and thus sought to impose limits on the power of majorities as well.

Tucker Roe

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Not Bhattacharya’s best. There was never any reason to use untested vaccines, be they adenovector-based or mRNA.

Study Into mRNA Vaccine Death Rates Sends ‘Danger Signals’ (Bhattacharya)

Do the covid vaccines save lives? That is the question on many people’s minds, that has led to heated discussions across the world. A bombshell new study by a distinguished team of Danish researchers led by Prof. Christine Stabell-Benn suggests a surprisingly nuanced answer. In the randomized trials of the covid vaccines, the adenovector-based vaccines, including the AstraZeneca and Johnson & Johnson vaccines, reduced all-cause mortality of study participants relative to people randomly assigned a placebo. Indeed, the reduction in mortality is larger than expected from the Covid effect and may suggest additional beneficial “non-specific effects” from those vaccines against other health threats.

On the other hand, Stabell-Benn and her colleagues found no statistically meaningful evidence in the trial data that the mRNA vaccines reduced all-cause mortality. The numbers of deaths from other causes including cardiovascular deaths appear to be increased in this group, compensating for the beneficial effect of the vaccines on Covid. Stabell-Benn is keen to stress that the sample is relatively small and is calling for further investigation, and also that the study took place during very low levels of Covid, so the relative advantage of protection against Covid would have been smaller at that time compared to at other points in the pandemic.

However, these preliminary results stand in sharp contrast to the unambiguous message from public health agencies and governments worldwide, which granted emergency authorization to the vaccines based on evidence from the trials that the vaccines reduce the likelihood of getting symptomatic covid. From a purely scientific perspective, preventing symptomatic covid is an interesting outcome to study. From a public health perspective, prevention of covid symptoms is not as important as prevention of death or disease transmission, which the randomized trials did not study. Dr. Stabell Benn and her colleagues have now looked at overall mortality for the first time.

At the very least, the plain implication (since both sets of vaccines are available) is that public health authorities should have recommended the cheaper adenovector vaccines over the mRNA vaccines all along for most patients. In other words, the international move to de-authorise the AstraZeneca vaccine across Europe and elsewhere looks like it may have been a mistake, and that AZ was actually a better option than the Pfizer or Moderna vaccines. It offers a potential contributory explanation for the better overall mortality outcomes in the UK (which overwhelmingly used the AZ vaccine) than much of continental Europe (which phased out the AZ vaccine) after the vaccine programme in the second half of 2021.

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“..the correlation between mask usage and deaths was positive and significant..”

Face Mask Usage Correlates With Higher Death Rates (INN)

A new peer-reviewed study entitled: “Correlation Between Mask Compliance and COVID-19 Outcomes in Europe” has demonstrated that use of face masks, even widespread, did not correlate with better outcomes during the COVID epidemic, based on data from 35 European countries with populations of over one million people each, encompassing a total of 602 million people. The study noted that the average proportion of mask usage in the period investigated (October 2020 until March 2021) was 60.9% ± 19.9%. Governments and advisory bodies have recommended and often mandated the wearing of face masks in public spaces and in many areas mandates or recommendations remain in place, despite the fact, the study notes, that randomized controlled trials from prior to and during the epidemic have failed to show a benefit to the wearing of such masks with regard to COVID transmission.

“Positive correlation between mask usage and cases was not statistically significant,” the study also found, “while the correlation between mask usage and deaths was positive and significant (rho = 0.351, p = 0.039).” That is to say, more mask usage correlated with a higher death rate. The study used a variety of statistical methods to study correlation but “none of these tests provided negative correlations between mask usage and cases/deaths … Surprisingly, weak positive correlations were observed when mask compliance was plotted against morbidity (cases/million) or mortality (deaths/million) in each country.”

The study also noted that the public may have gained the impression that masks could be helpful due to the fact that mandates were usually implemented after the first peak of COVID cases had passed. However, it became evident that masks were not in fact helpful later that same year, when widespread mask usage does not appear to have mitigated the severity of the COVID wave of winter 2020. “Moreover,” the study concludes, “the moderate positive correlation between mask usage and deaths in Western Europe also suggests that the universal use of masks may have had harmful unintended consequences.”

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‘Brands Should Force Twitter To Uphold Content Policies Under Musk’ (CNN)

Some of the nation’s biggest brands including Coca-Cola, Disney and Kraft are facing calls to boycott Twitter if the company’s soon-to-be owner, billionaire Elon Musk, rolls back content moderation policies limiting hate speech and election misinformation. In a letter sent to brands Tuesday ahead of the 2022 NewFronts digital advertising conference, more than two dozen civil society groups said marketers should secure commitments from Twitter to retain its most critical policies, including on civic integrity and hateful conduct, and threaten to withdraw funding if Twitter does not comply. “As top advertisers on Twitter, your brand risks association with a platform amplifying hate, extremism, health misinformation, and conspiracy theorists,” the letter said, adding: “Your ad dollars can either fund Musk’s vanity project or hold him to account.”

In an investor filing Monday, Twitter told advertisers “we have no planned changes to our commitment to brand safety” but that the company “cannot speculate on changes Elon Musk may make post closing.” The letter, first reported by CNN, urges advertisers to make their next ad deals with Twitter contingent on changes to platform policy under Musk. It offers the latest example of how some advocacy groups have leaned on the immense power of corporate speech — and specifically digital advertising, the lifeblood of many tech platforms — in attempts to shape tech companies’ behavior. It leverages years of growing realizations by the ad industry that brands can face reputational damage if their ads appear next to white supremacist content or other harmful material.

Tuesday’s initiative bears echoes of a far-reaching advertising boycott in 2020 that saw companies ranging from Adidas to Starbucks pulling their ads from Facebook over what they said were its failures to keep hate speech from spreading. But unlike that campaign, the groups behind Tuesday’s letter said advertisers have a chance to be more proactive and strategic this time, because Musk has already telegraphed what he plans to do with Twitter. (The Tesla CEO and SpaceX founder has pledged to restore “free speech” to the platform by, among other things, easing up on content removals and account bans. He also wants to “authenticate all real humans” on Twitter.)

As advertisers prepare to negotiate forward-looking contracts with Twitter this week during the NewFronts conference, they can preemptively protect themselves from any damage to their brands resulting from Musk’s eventual takeover, said Angelo Carusone, CEO of Media Matters for America, one of the organizations behind the letter. “If Elon Musk comes in and gets rid of all the brand safety protections, I think Coca-Cola should be able to cancel their contract,” Carusone said. “It would be very revealing if Twitter refuses to or does not sign or does not give those cancellation options.” Tuesday’s letter targeted other big-name advertisers, as well, including Apple, Best Buy and HBO — the last of which is owned by WarnerMedia, CNN’s parent.

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Clare Daly

 

 

 

 

Earth Day 2022: A Reading with Nate Hagens

 

 

 

 

 

 

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Mar 272022
 


Jean-Francois Millet Harvesters Resting1850-53

 

All Hell Will Break Loose For Humanity (Von Greyerz)
President Biden Chillingly Declares a New World Order (Maajid Nawaz)
Suggesting Kremlin Regime Change, Biden Says Putin ‘Cannot Remain in Power’ (CD)
On NATO Membership And ‘Core Principles,’ The US Treads On Thin Ice (Snider)
Biden Tells US Troops They’ll Be In Ukraine In War Gaffe (NYP)
Sean Penn Calls For Oscars Boycott If Zelensky Not Given Chance To Speak (NYP)
Naming Names (Kunstler)
Fauci Finally Admits Natural Immunity Is Superior (NP)
Covid Vaccines Killed At Least 61,000 Americans Aged 25 – 44 In 2021 – CDC (DE)
Farmers on the Brink (Doomberg)
The Marriage of Julian Assange (Chris Hedges)
Free, Enduring Love (Craig Murray)

 

 

 

 

India anchor

 

 

COVID cases in the UK:

22 March 2021 – 5,342
22 March 2022 – 94,524

 

 

“Over 50 years later that gold window is still temporarily closed with fatal consequences for the US and the world.”

All Hell Will Break Loose For Humanity (Von Greyerz)

We are now at the end of an era of economic and moral decadence in a debt infested world built on false values, fake money and abysmal leadership. All hell will break loose. The consequences will be fatal for the world. There are eras in history which have produced great leaders and thinkers. But sadly, the current era has produced nothing of that kind. The end of an economic cycle produces no great leadership or statesmanship but only incompetent leaders. Looking at the Western world, the only notable statesman in the last few decades in my view is Margaret Thatcher, prime minister of the United Kingdom from 1979 to 1990. But political leaders are of course instruments of their time. Sadly times as the current don’t produce Superior Men.

As Confucius said: “The Superior Man thinks always of virtue, the common man thinks of comfort.” It is the buildup of a massive debt mountain which has given the Western world a false comfort based on false values. As I have pointed out many times, the US has increased its debt every year since 1930, with a couple of minor exceptions in the 1950s and 1960s. The Clinton surpluses in the late 1990s were fake and in fact deficits. In history, when there is undue economic pressure, starting wars is popular and often felt necessary. It is convenient to blame the war for the increasing debts. The Gold Standard was an excellent method for preventing governments to spend money they didn’t have. Since money couldn’t be printed at will, deficits then had to be financed by settling debts in physical gold.

As Nixon in the late 1960s had to meet the US debts to France in gold, he decided in 1971 to close the gold window temporarily. He clearly didn’t want to hand all the US gold to de Gaulle. Over 50 years later that gold window is still temporarily closed with fatal consequences for the US and the world.

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“Due to greed, corruption and unaccountability leading to the cover up of global mass-embezzlement, our current financial system is in its death-throws.”

President Biden Chillingly Declares a New World Order (Maajid Nawaz)

That’s it. The president has confirmed something that, up until now, was laughed at as the paranoid delusions of the “weak” minded, those whose perennial curse is that they see a kaleidoscope where others only see isolated dots. This week, President Biden confirmed to business leaders that we are at an inflection point, and there will be a New World Order. For some reason, he felt the need to couple this announcement with the number of people that he believes usually die when such historic turnings occur: 60 million. It’s not rocket science. World Orders are built around the financial system. Historically, this would usually only change through war. By way of example, the end of World War II heralded the creation of the International Monetary Fund (IMF), agreed at Bretton Woods.

This established the modern financial system by linking global currencies to the US dollar and – at least until 1971 – the US dollar to gold. “The countries that joined the IMF between 1945 and 1971 agreed to keep their exchange rates (the value of their currencies in terms of the U.S. dollar and, in the case of the United States, the value of the dollar in terms of gold) pegged at rates that could be adjusted only to correct a “fundamental disequilibrium” in the balance of payments, and only with the IMF’s agreement. This par value system—also known as the Bretton Woods system—prevailed until 1971, when the U.S. government suspended the convertibility of the dollar (and dollar reserves held by other governments) into gold.”

After 1971, and due to Nixon’s alterations, global currencies remained linked to the US dollar, but the US dollar was pegged to absolutely nothing. This is how – right up until now – the US Federal Reserve had a monopoly on global monetary policy. Due to greed, corruption and unaccountability leading to the cover up of global mass-embezzlement, our current financial system is in its death-throws. This was largely caused by boom-bust cycles, and our policy responses to them, such as ‘quantitative easing’ or money printing. But unlike after WWII, this time an alternative exists in the form of decentralised crypto currencies.

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“..whenever the United States tried regime change, it didn’t turn out very well, and has never been tried with a nuclear power..”

Suggesting Kremlin Regime Change, Biden Says Putin ‘Cannot Remain in Power’ (CD)

Bucking those who warn that a push for regime change in Moscow could prolong the war in Ukraine and intensify the suffering of its people, U.S. President Joe Biden appeared to openly call for the overthrow of Russian Vladimir Putin on Saturday during a speech in Warsaw, Poland. While applauding the international unity that has mobilized to condemn and push back against the Russian invasion of Ukraine, a war now entering its second month, Biden suggested it has now become intolerable for Putin to remain. Near the very end of his speech, Biden declared, “For God’s sake, this man cannot remain in power.”

The remarks were the most explicit yet from the U.S. president that he sees no future for Putin as Russia’s head of state, but the comment also raised immediate alarm bells among those who recognized that such rhetoric could make it harder to a negotiated peace settlement to take hold or for the diplomatic strategy known as the “Golden Bridge” which would allow for a dignified exit from hostilities. In a Democracy Now! interview that aired Friday, former Greek finance minister Yanis Varoufakis explained why Putin must be given a viable exit strategy—not because he isn’t a contemptible war criminal, which Varoufakis readily admitted—but because it would be the fastest way to end the invasion and mass slaughter of innocent Ukrainian civilians.

According to Varoufakis, and others who share his concerns, the idea of a western-imposed regime change strategy aimed at the Kremlin could “be catastrophic for the people of Ukraine.” “What is exactly the aim?” asks Varoufakis during the exchange. “Is it regime change in Russia? Well, whenever the United States tried regime change, it didn’t turn out very well, and has never been tried with a nuclear power. This is like playing with fire, or nuclear fire, I should say. If it’s not regime change, what exactly is it?” In his assessment, Varoufakis said that if Biden and his NATO allies are “not leaving any room for a compromise” with Putin, then they are “effectively jeopardizing the interests of Ukrainians, because a quagmire in—an Afghanistan-like quagmire in the Ukr

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“Even Ukrainian President Volodymyr Zelensky said he has “understood that NATO is not prepared to accept Ukraine.”

On NATO Membership And ‘Core Principles,’ The US Treads On Thin Ice (Snider)

The Russian invasion of Ukraine is illegal and needs to be condemned. But the United States should also be condemned for asking Ukraine to keep its aspiration to join NATO alive while at the same time spurning that aspiration. Indeed, the United States doesn’t want Ukraine to reach a settlement with Russia that sacrifices the principle that nations have a right to determine their own alliances, a principle that the United States is not nor ever has itself recognized. State Department spokesperson Ned Price said this week that “President Zelenskyy has also made it very clear that he is open to a diplomatic solution that does not compromise the core principles at the heart of the Kremlin’s war against Ukraine.”

According to Price, those core principles at the center of this conflict are “that each and every country has a sovereign right to determine its own foreign policy, has a sovereign right to determine for itself with whom it will choose to associate in terms of its alliances, its partnerships, and what orientation it wishes to direct its gaze.” So the stated U.S. policy is that Ukraine can make a sovereign decision to join NATO and no country can close the door. But that is exactly what the United States has done. It has created the illusion of an open door for its international audience while closing it firmly shut. President Biden has said that “the likelihood that Ukraine is going to join NATO in the near term is not very likely.” German Chancellor Olaf Scholz has said that “the question of [Ukrainian] membership in alliances is practically not on the agenda.” He emphasized the point by adding that “is not even on the agenda.” Even Ukrainian President Volodymyr Zelensky said he has “understood that NATO is not prepared to accept Ukraine.”

So on the one hand, Price says Ukraine is free to join whatever alliances it wants, but President Biden and other NATO countries say joining the alliance isn’t going to happen. Zelensky himself has expressed his frustration with this hypocrisy. “I requested them personally to say directly that we are going to accept you into NATO in a year or two or five, just say it directly and clearly, or just say no,” he said on March 20. “And the response was very clear, you’re not going to be a NATO member, but publicly, the doors will remain open.” It is not true that any country has the right to join NATO if it chooses, nor is NATO obliged to accept anyone who wishes to join. Membership has to be at the invitation of NATO, and NATO members have to agree unanimously: any one country can say no. And NATO is under no obligation to extend an invitation to a solicitous country. The NATO treaty says only that it “may then be invited to join,” and that there is no guarantee.

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One too many gaffes?

Biden Tells US Troops They’ll Be In Ukraine In War Gaffe (NYP)

President Biden told US troops in Poland Friday that they will witness the bravery of Ukrainians fighting off Russia’s invasion “when you’re there” — making a significant gaffe after he previously said the US must stay out of the European conflict to avoid triggering “World War III.” Biden made the remark while addressing members of the Army’s 82nd Airborne Division after lunching on pizza and posing for selfies with dozens of paratroopers at a mess hall in Rzeszow, southeastern Poland. “You’re going to see when you’re there, and some of you have been there, you’re gonna see — you’re gonna see women, young people standing in the middle in front of a damned tank just saying, ‘I’m not leaving, I’m holding my ground,’” Biden said.


JoeBiden “Digs In” to that PIZZA PIE like an ANIMAL before the Soldiers got any. In the military, the senior officer always eats LAST!

A White House official quickly clarified that Biden wasn’t changing his stance on deploying the military into Ukraine. “The president has been clear we are not sending US troops to Ukraine and there is no change in that position,” a Biden spokesman told The Post. Biden also said during his remarks that the US was working to “keep the massacre from continuing” after more than 3.7 million Ukrainians fled their country during the month-old war. The Biden administration has supplied arms to Ukraine’s beleaguered military, but the president personally nixed a Polish proposal to transfer 28 Soviet-designed fighter jets to Ukraine with US help. Biden said that US facilitation of the transaction could trigger a new world war. Although Biden spoke as if US troops were heading into Ukraine, he repeatedly ruled out that possibility in prior public remarks.

US troops in Ukraine

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Is this what mass psychosis looks like?

“..Penn, 61, has won two Oscars and vowed to “smelt mine in public” if Zelensky is snubbed by the Academy..”

Sean Penn Calls For Oscars Boycott If Zelensky Not Given Chance To Speak (NYP)

Sean Penn is calling on Hollywood to boycott the Academy Awards if Ukrainian President Volodymyr Zelensky is denied a chance to speak at the red-carpet event. “I would encourage everyone involved to know, though it may be their moment, and I understand that, to celebrate their films, it is so much more their moment to shine and to protest and to boycott that Academy Awards,” the controversial actor said in an appearance on CNN Saturday afternoon. Penn, 61, has won two Oscars and vowed to “smelt mine in public” if Zelensky is snubbed by the Academy. The Ukrainian leader has been in talks with the Academy of Motion Picture Arts and Sciences to make a video appearance during Sunday’s broadcast of the Oscars ceremony.


Penn met with Zelensky while in Ukraine in February, when he was filming a documentary about the nation’s tensions and now war with Russia. Oscars ceremony co-host Amy Schumer floated the idea of having Zelensky speak at the event last week, People reported. “It is my understanding that a decision has been made not to do it” Penn said of having Zelensky speak. “If the Academy has elected not to do it, if presenters have elected not to pursue the leadership in Ukraine, who are taking bullets and bombs for us, along with the Ukrainian children they are trying to protect, then I think every single one of those people and every bit of that decision will have been the most obscene moment in all of Hollywood history.”

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The list is long.

Naming Names (Kunstler)

With the Russian operation in Ukraine alarming the populace, you might have forgotten the late Covid-19 epidemic that provoked so much public hysteria and government policy overreach. Stuff happened during those two-plus years of Covid-19, and, even with Ukraine blaring from the cable news channels, Covid-19 stuff is still happening. Vaccine mandates are still in force, in New York City, for instance — except for performers and ballplayers, who are exempted now, as announced this week by Mayor Eric Adams. If you detect any specious reasoning behind that diktat, at least you know who made it happen.

But so many other things just happened with Covid-19, rather serious things, and no one has had to answer for them, certainly not Dr. Anthony Fauci, who just days ago talked up another booster shot of his obviously defective mRNA “vaccines.” Dr. Fauci proposed that despite a raft of emerging statistics from the life insurance realm that indicate a shockingly high number of mysterious all-causes deaths for people in the prime of life. Several conditions appear to be killing them: 1) blood clotting in the capillaries of various organs, apparently caused by the “vaccine’s” main active ingredient, spike proteins; 2) heart inflammation (pericarditis and myocarditis); 3) a mystifying array of neurological afflictions; and 4) switched-off immune system toggles, including the cellular mechanism for preventing the growth of cancers.

This developing picture of a public health catastrophe, growing more robustly detailed by the week, has somehow not alerted the general public, not least because the entire public health officialdom does not want them to know about it. In fact, as averred to above, they are all still busy promoting the “vaccines” which are responsible. Rochelle Walensky, Director of the CDC, is rather well-known — though her duties appear limited to the public impersonation of a “concerned mom” — but whoever heard of Rebecca Bunnell, PhD, Director of the CDC’s Office of Science? Does Science play any part in the emerging disaster of sharply rising all-causes deaths? It would be good to know, don’t you think? Anyone heard from Daniel Jernigan, MD, Deputy CDC Director for Public Health Science and Surveillance (DDPHSS)? You’d think he would be out there surveilling things.

How about Brian C. Moyer, PhD, Director of the CDC’s National Center for Health Statistics. He would be in charge, presumably, of the VAERS system, which tabulates adverse vaccine events. That system evidently under-reports adverse events by a shocking amount — some say only 1 percent are ever recorded. Why is that? Because it is a website that is so notoriously ill-designed and hard to use that the CDC pledged to fix it more than ten years ago and never got around to it. Why is that, Dr. Moyer? Has anyone asked him? I don’t think so.

Kunstler

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“This is how humankind evolved to live in the presence of pathogens.”

Fauci Finally Admits Natural Immunity Is Superior (NP)

Dr. Anthony Fauci has finally admitted that natural immunity against COVID is actually far superior than any experimental jab will ever be. In an interview on March 23, 2022, Fauci finally let the following slip: “When you look at the cases they do not appear to be any more severe [than Omicron] and they do not appear to evade immune responses either from vaccine or prior infection.” Infowars.com reports: What’s critical here is not his debatable claim about vaccines but rather his offhand remark about prior infection. It was tossed off as if: “Everyone knows this.” If so, it is no thanks to him, the CDC, or WHO.

To be sure, everything we’ve known since two years ago – if not 2.5 thousand years – is that immunity from prior Covid infection is real. Vaccines have traditionally been a substitute version of exactly that. Brownstone has assembled fully 150 studies that demonstrate that immunity through infection is effective, broad, and lasting. Had that messaging been around during lockdowns, the attitude toward the virus would have been very different. We would have clearly seen the present reality from the beginning, namely that endemicity generally arrives in the case of a new virus of this sort due to exposure-induced population immunity. This is how humankind evolved to live in the presence of pathogens.

If we had widespread public awareness of this, the public-health priority would not have been locking down people who can manage exposure but rather alerting those who cannot to be careful until herd immunity in one’s own circle of contacts has been realized via meeting the virus and recovering. To those who say that is dangerous, consider that mass exposure is precisely what happened in any case, stretched out over two years rather than occurring in a single season. This delaying of the inevitable might be what allowed for variants to emerge and take hold in successive rounds, each new one hitting naive immune systems in ways that were difficult to predict. Flatten the curve amounted to “prolonging the pain,” exactly as Knut Wittkowski predicted in March 2020.

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“There’s more and more evidence coming to the front that this is part of some sort of bigger grand plan.”

Covid Vaccines Killed At Least 61,000 Americans Aged 25 – 44 In 2021 – CDC (DE)

An analysis of figures from the Centers for Disease Control and Prevention (CDC) database has revealed that 61,000 people, supposedly in the prime of their life, aged 25-44, died of vaccine-related causes in the U.S. in the fall and winter of 2021. Edward Dowd, a former BlackRock portfolio manager, made the appalling revelation during the March 10 episode of “The Alex Jones Show.” According to Dowd, an investment adviser on Wall Street, an insurance industry expert who is part of his team stumbled upon the buried truth when, looking for something else, he broke down the CDC figures by age and created his own baseline death rates from there. Showing charts the actuarian plotted from the figures, Dowd pointed at chart four as the punch line.

“Basically, you see that millennials experienced 84 percent excess death in the fall and winter of 2021. So excess deaths accelerated when mandates and boosters hit,” Dowd told Jones. “And this age group is important because they’re healthy. And you can’t say that they, you know, miss their cancer screenings. This is ages 25 to 44. So this is just devastating evidence that the vaccines are causing this age group to die at an accelerating rate. “I know I showed percentages in that chart, but the actual bodies are 61,000. That’s the Vietnam War event that just occurred to the millennial generation – 58,000 died in the Vietnam War.” Dowd said he’s certain the vaccines are the culprits because the acceleration started in the summer when the mandates started hitting in August and September last year.


“And then [President Joe] Biden came out [announcing the mandates]. And boosters were also authorized and started happening. So let’s call this what it is. This is death by government mandate or democide, death by government. That’s what’s going on here.” The insurance companies have pointed at the alarming spike in vaccine-related deaths before, but the government refused to heed the warning and proceeded with the mass injections. Dowd could only speculate on why the “pyschos” in government did this. “Well, there’s two ways to look at this. Just good old-fashioned power and greed, or there was a plan hatched by some very evil people. I’m going with power and greed for now. But you know, as we roll through this very active fraud, it’s being exposed. There’s more and more evidence coming to the front that this is part of some sort of bigger grand plan.”

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“Key sources of nitrogen, potassium, and phosphorous – important inputs into soil fertility, crop yield, and plant maintenance – have all gone vertical.”

Farmers on the Brink (Doomberg)

While the concept of a perfect storm is often too casually assigned in popular culture, it is difficult to find a more apt description of what has been unfolding in the global agriculture markets over these past several months. The tempest caused by the European energy disaster has merged with the hurricane of consequences flowing from Russia’s invasion of Ukraine, forming the genesis of a generational crisis in food that will leave few unaffected. While we’ve been warning about just such a scenario for some time, after spending the past two weeks traveling across the US Midwest and conferring with our contacts in the agricultural sector, even we are a little spooked by what we’ve learned. In a financial crash, the correlation between all asset classes converges to one.

The coming crash in global food supply will be driven by a similar phenomenon across virtually every input into farming – they are all spiking to historic highs simultaneously, supply availability is diminishing across the spectrum, and the time to reverse the worst of the upcoming consequences is rapidly running short. Other than that, things are great. We begin with the price of fertilizer, which has been soaring to record highs across the globe. Key sources of nitrogen, potassium, and phosphorous – important inputs into soil fertility, crop yield, and plant maintenance – have all gone vertical. Ammonia is derived directly from natural gas, and the price of natural gas outside of the US has gone vertical. It’s no surprise that the price of ammonia has tripled over the past twelve months.

Belarus is the third-largest supplier of potash in the world and its state-owned miner, Belaruskali, declared force majeure after sanctions were imposed by the US and Europe. The number two supplier of potash globally? Russia. Perhaps front-running the Russian move on Ukraine, China halted phosphate exports last fall in an effort to ensure adequate domestic supply.

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“It’s a part of the ongoing mental torture that even on his happiest day they will at the last moment strike off guests on his guest list just to mess him about..”

The Marriage of Julian Assange (Chris Hedges)

I am standing at the gates of HM Prison Belmarsh, a high security penitentiary in southeast London, with Craig Murray, who was the British Ambassador to Uzbekistan until he was fired for exposing the CIA black sites and torture centers in that country. Inside the prison, Julian Assange and Stella Moris are being married. Craig and I were on the list of the six guests invited to the wedding, but the prison authorities, in an example of the institutional sadism that characterizes all prisons, denied us entry. Craig, who was to have been one of two witnesses, was informed that he could not enter because he would “endanger the security of the prison.”

Craig came down from Edinburgh by train. I flew over from New York. We would at least be at the entrance of the prison with the some 150 Assange supporters. Craig, dressed in full Scottish regalia —and a kilt he admitted he had to have expanded every few years to accommodate his broadening girth — made a fashion statement and perhaps a point about Scottish independence. He was outdone by Stella, who wore a flowing ice lilac A-line bridal gown, corset with plastic stays so she could pass through the four metal detectors, and veil designed and donated by fashion designers Vivienne Westwood and Andreas Kronthaler.

“It’s a part of the ongoing mental torture that even on his happiest day they will at the last moment strike off guests on his guest list just to mess him about, just to try and make things as unpleasant as they can possibly make them,” Craig laments. “We shouldn’t be surprised. It’s a piece of the unnecessary cruelty with which he has been kept from the start. Why on earth is he even in a maximum security prison built to house terrorists? I’m quite amused by the explanation that I endanger the security of the prison. I feel quite flattered by this. I couldn’t understand it all until today when, of course, it occurred to me that I look incredibly sexy in my kilt and they thought a prison riot might ensue.”

The day is bittersweet. Julian may never be able to live with his wife and family. Yet it is an affirmation of love and commitment and hope carried out in a small side room with folding chairs and a laminate table. The prison authorities denied Julian and Stella the use of the chapel. The ceremony was witnessed by six family members, including Julian and Stella’s two young sons, one of whom fell asleep and the other of whom was preoccupied with a paper plane and tried to turn on one of the alarms. Two guards were stationed in the room. There was no reception. There was no cake. The prison denied Julian and Stella’s request for a photographer. A guard took a few pictures, but prison authorities told Julian and Stella they could not be posted on social media or shared with the public.

They were allowed to kiss. This prompted the older boy, Gabriel, to say, the family told me, “Oh, that’s a sloppy one.” Afterwards, the Catholic chaplain, who had the foresight to bring a white tablecloth and candles, gave them his blessing. Julian and Stella were given half an hour together in a crowded visitors hall. And then Julian, prisoner A 9379AY, was escorted back to his cell to the applause of the prisoners on his tier.

Hedges

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The guards have much more humanity than their “superiors”.

“The guards who conducted Stella through the jail did so as though they were the escort of a Queen.”

Free, Enduring Love (Craig Murray)

By Stella’s side stood Julian Assange, whom she described to me as “simply the love of my life”, resplendent in a kilt, shirt, tie, and waistcoat, again specially designed by Vivienne Westwood in a purple based tartan, and featuring hand embroidery, lacing and cloisonne buttons. Unlike Stella’s dress, which she later showed us in detail, I have not seen the kilt but am told the design is relatively traditional. There was a two minute delay at the start of the ceremony as Julian had no sporran, and his brother Gabriel, resplendent in full highland dress for the first time, removed his own sporran and put it on Julian. Both Julian and Gabriel are proud of their Scottish heritage, in each case through their respective mothers. The British authorities had done everything they could firstly to prevent, and then to mess up, this wedding.


Permission to marry had first been formally requested of the prison service in 2020, and in the end was only granted by involving lawyers and threatening legal action. There followed a whole list of antagonisms on which I shall not dwell, one minor example of which was banning me from the wedding and then lying about it. But now, on the wedding day, the ordinary, working staff of the prison were delighted to be hosting such a happy event. The searches of the bride were distinctly token and friendly. At the security checks, Julian and Stella’s three year old son Max managed to tangle himself so comprehensively around the legs of one guard that he fell over, and the large guard and small boy then had a hilarious mock wrestle on the floor. The guards who conducted Stella through the jail did so as though they were the escort of a Queen.

Gates and steel doors opened before the procession and were locked again behind them, until deep in the bowels of this maximum security prison they arrived in a banal room, oppressive and completely windowless, with plain magnolia emulsioned walls. It was about twenty feet by fifteen feet, and is used as a store room for the adjoining Chaplaincy. At the back of the room were piles of Muslim prayer mats, boxes of red-jacketed Christian hymnals, stacks of cheap chairs and folded trestles. From which that one cheap trestle had been set up, and a single row of eight chairs in front of it. Present were Julian and Stella, and their permitted limit of six invited guests. These were Stella’s mother Teresa and brother Adrian, Julian’s father John, brother Gabriel, and Julian and Stella’s two children, Gabriel (4) and Max (3).


One of the torments had been that the UK Ministry of Justice insisted that the two tots counted against the six person limit, contrary to the prison’s original advice. Also in the room were the registrar who conducted the civil wedding, the Catholic chaplain and two prison guards, one for each door. Julian was able to hug and hold each of his family as they arrived, even though that was very much against the rules. That kind of physical comfort is something he will have been craving for years, and all eyes were full of tears. Julian’s father John was alarmed by his appearance. Julian was a stooped figure, and worryingly thin, even though obviously very happy in the moment.

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Scott Ritter

 

 

Boop

 

 

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Feb 262017
 
 February 26, 2017  Posted by at 9:29 am Finance Tagged with: , , , , , , ,  6 Responses »


DPC Elephants in Luna Park promenade, Coney Island 1905

 

President Trump: Replace The Dollar With Gold (F.)
Marine Le Pen’s Aides Meet With Bankers To Discuss Euro Exit (BBG)
Dutch Parliament Commissions Report On Future Of Euro (R.)
Dutch Voters Are About To Set The Stage For Europe’s Elections (G.)
Fannie, Freddie Investors Lose In Court (Econ.)
Underground Network Readies Homes To Hide Undocumented Immigrants (CNN)
Washington Governor Bans Employees From Aiding Trump Immigration Crackdown (I.)
Be Clear About What Happened To Keith Ellison (Bruenig)
Half of Germans Against Debt Relief For Greece (R.)
The Living Fabric Of The World Is Slipping Through Our Fingers (G.)

 

 

Using the Fed to go for gold?

President Trump: Replace The Dollar With Gold (F.)

What would be the outcome of Trump’s following his instincts and going for the gold? Prosperity, that’s what. Former Fed Chairman Alan Greenspan just provided a barely noticed Big Reveal. In an interview with the World Gold Council’s Gold Investor Chairman Greenspan, stating “I view gold as the primary global currency,” went on to explicitly reveal, for the first time to my knowledge, that “When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul, who was a very strong advocate of gold. We had some interesting discussions. I told him that US monetary policy tried to follow signals that a gold standard would have created.”

The period of “following signals that a gold standard would have created,” called the Great Moderation under President Clinton, was one of the most equitably prosperous in modern American history. That era saw the creation of over 20 million jobs. Robust growth converted the federal deficit into a surplus. It was, if only virtually rather than institutionally, a golden age. After the Fed abandoned its Great Moderation America experienced almost no net job creation under President George W. Bush and very mediocre job creation under President Obama. Sad! I want the American Dream back. We all do, very much including President Trump. How might President Trump go about turning this around? He has a unique opening to forcefully pivot America toward epic prosperity.

As Paul-Martin Foss of the Menger Center astutely points out the Federal Reserve Board currently has three vacancies. If Trump were to fill those vacancies with three sophisticated gold standard advocates from the short list of Lewis E. Lehrman (whose eponymous Institute I formerly served), Dr. Judy Shelton (who served as an advisor on his presidential economic transition team), former presidential candidate Steve Forbes, and John Allison, former CEO of BB&T (preferably as vice chairman for regulation) the president would create a super “beachhead team” at the Fed to seriously restore equitable prosperity.

These appointments would be the safe and sure first steps out of economic stagnation for America. Couple these with a White House “Team B” to plan the enactment of the Jack Kemp Gold Standard Act and removal of the regulatory and tax barriers to using gold as currency. Then watch an American economic miracle take place. Mr. President: “No such thing as a global currency?” The dollar is the global currency. Want prosperity? Heed Chairman Greenspan and do not just view but restore “gold as the primary global currency.” President Trump: replace the dollar with gold as the global currency to make America great again. We have the gold.

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Not if but when.

Marine Le Pen’s Aides Meet With Bankers To Discuss Euro Exit (BBG)

Top advisers to French presidential candidate Marine Le Pen have met with strategists and analysts from BlackRock, Barclays and UBS, among other firms to explain their economic program and plans to withdraw France from the euro. While such meetings are common for campaign officials from mainstream parties in France and other European countries, this is the first time Le Pen’s National Front has been approached, the candidate’s chief economic adviser Bernard Monot and her business aide Mikael Sala said in interviews. In the last seven months, they have met with analysts from British and American financial institutions in Paris, Brussels and Strasbourg at the firms’ request.

The interest from financial markets underlines how seriously financial analysts take the possibility that Le Pen may win power in the euro zone’s second-largest economy. Polls have shown her holding a lead in the first round of voting for more than a year, though all surveys predict that she will also lose the run-off ballot on May 7. “These strategists see that Le Pen may be the next president of France and they are doing their due diligence,” Monot said. “They’re very much looking for a detailed account of our plans.” Monot and Sala, who head Le Pen’s business advisory council Croissance Bleu Marine, said they also met or spoke with representatives from the Medley Advisors and CheckRisk consultancies. Monot added that he met with U.S. pension funds without naming them.

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Every EU country should do this, and do it honestly.

Dutch Parliament Commissions Report On Future Of Euro (R.)

The Netherlands’ future relationship with the euro will be comprehensively debated by its parliament following elections in March, after lawmakers commissioned a report on the currency’s future. The motion approving the investigation by the Council of State, the government’s legal advisor, coincides with a rising tide of euroscepticism in Europe, which populist parties are hoping to tap into in a series of national elections this year also taking in euro zone powerhouses France and Germany. The probe will examine whether it would be possible for the Dutch to withdraw from the single currency, and if so how, said lawmaker Pieter Omtzigt. Omtzigt, of the opposition Christian Democrats, tabled the parliamentary motion calling for the investigation, which legislators passed unanimously late on Thursday.

It was prompted by concerns the ECB’s ultra-low interest rates are hurting Dutch savers, especially pensioners, and doubts as to whether its bond purchasing programmes are legal, he said. Its findings will be presented in several months, by which time the make-up of parliament will have changed dramatically. While most Dutch voters say they favour retaining the euro, the eurosceptic far-right party of Geert Wilders is expected to book large gains though it is unlikely to win enough votes to form a government. The most probable outcome of the March 15 vote is a new centrist coalition including some parties, such as Omtzigt’s Christian Democrats, that have been vocal in their opposition to current ECB policy. “The problems with the euro have not been solved,” Omtzigt said. “This is a way for us to look at ways forward with no taboos.” Thursday’s motion instructs the Council to look at “what political and institutional options are open for the euro,” and “what are the advantages and disadvantages of each.”

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“Whatever the outcome, it will only strengthen political dissatisfaction, creating more fragmentation and polarisation, leading to even less loyalty and even more voice.”

Dutch Voters Are About To Set The Stage For Europe’s Elections (G.)

Across Europe, we can see three trends in elections, which can be described in the famous terms of the German-American economist Albert Hirschman: exit, voice and loyalty. In two of these the Dutch lead the way, but one bucks the broader trend. To start with exit (non-voting), throughout Europe turnout in national and European elections has been dropping. Although the trend is not universal, the past 10 years has seen a sharp drop in several countries. Perhaps most shocking is the situation in Greece, a country that has compulsory voting, although it is not really enforced. In 1985 the abstention rate in national elections was “just” 16.2%, in 2004 it was 23.4%, and in the last elections, in September 2015, it was a staggering 44%. In other words, in a country with compulsory voting a modest majority of 56% turned out.

Compared with that, the decrease in turnout in Dutch national elections is modest: in 1986 turnout was 86% and in the last two elections it was still a commendable 75%. Expectations are that turnout might actually go up in this year’s elections. With regard to loyalty (the vote for established parties), the Netherlands is very much in line with the European trend. Most European countries have seen a sharp decline in electoral support for established parties. While this development is related to societal changes that date back to the 1960s and 1970s, such as secularisation and a shrinking working class, the decline of the established parties only became a broader issue in the 1990s, and has significantly increased during the great recession. The process has been particularly pronounced in the Netherlands.

Throughout the 1980s the three established parties – the Christian democratic CDA, the social democratic PvdA, and the conservative VVD – received around 80% of the vote. In 2002 that dropped to about 60% as a consequence of the rise of Fortuyn’s LPF, and it stayed like that until 2012 – although Rutte’s VVD is now bigger than the CDA and the PvdA. However, in the most recent polls the three parties only have some 40% of the vote, half of what they had in the 1980s. At the same time, voice (the support for populist parties) has increased significantly. In the 1980s populist parties barely got more than a few seats in parliament, whereas in 2002 the left populist SP and Fortuyn’s right populist LPF together gained more than 20%. In the latest polls Wilders’s PVV is the largest party, or at least running neck-and-neck with the Rutte’s VVD, while the SP is struggling a bit – and has become less populist. Together they are close to 30% of the vote, of which the PVV would get almost two-thirds.

[..] The two most likely outcomes of the Dutch elections are either a very broad coalition of four or five parties, with or without Wilders’s PVV, or a minority government, dependent upon temporary coalitions to get some policies through. Whatever the outcome, it will only strengthen political dissatisfaction, creating more fragmentation and polarisation, leading to even less loyalty and even more voice. That is the main European lesson of the Dutch elections.

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Wait till the new bubble pops too, and the hedge funds want to transfer their losses to the public.

Fannie, Freddie Investors Lose In Court (Econ.)

One unresolved issue from the financial crisis is the future of Fannie Mae and Freddie Mac, the two firms that stand behind much of America’s housing market. Fannie and Freddie purchase mortgages, bundle them into securities and sell them on to investors with a guarantee. When America’s housing market collapsed a decade ago, the government had to bail them out. Its treatment of the firms since then has created a titanic legal struggle. Shareholders have cried foul. On February 21st, a federal appeals court upheld a ruling in the government’s favour. At issue is the Obama administration’s decision in 2012 to hoover up all of Fannie and Freddie’s profits. Until then, it had received a fixed dividend on its investment. The timing of the shift was striking—just before a surge in the firms’ profitability. Since 2008 the Treasury has sucked in about $250bn from the firms, 30% more than the cost of the bail-out.

The change enraged hedge funds who had bought Fannie and Freddie’s shares and found themselves expropriated. The investors’ lawsuit held that the government overstepped its authority by seizing all profits. A federal court dismissed that claim in 2014; it has taken until now for an appeals court to uphold the most important parts of the decision. An odd aspect of the ruling is that it largely ignored the substantive arguments but concluded the court lacked the authority to curb the government’s actions. Its ruling sent shares in Fannie and Freddie tumbling (see chart). That reversed about half of the rally sparked by Donald Trump’s victory in the presidential election. Investors reckon that Mr Trump’s administration will be more favourable to Fannie and Freddie’s investors. Initially Steve Mnuchin, now treasury secretary, told a business-news network that Fannie and Freddie should be privatised again.

But in his confirmation hearing before the Senate in January, he seemed to roll back those remarks. The firms are hardly robust. The Treasury is running down their capital by $600m a year. By 2018 they will have none left. From then on, should the firms make a loss, they will need to draw on an emergency line of credit from the government. Doing so would be characterised by some as a second bail-out. That worrying prospect should provide some impetus to the search for an alternative solution. But it will be hard to find an ownership structure for Fannie and Freddie that satisfies everyone. The firms keep mortgages cheap by lumping taxpayers with a staggering amount of risk. (If the housing market collapsed, the cost to the Treasury could be 2-4% of GDP, according to an analysis by The Economist). Few will want investors to make profits on the back of such a taxpayer guarantee.

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Oh man, it’s WWII in Europe. The Underground Railroad in the US. And here we were thinking that was in the past.

Underground Network Readies Homes To Hide Undocumented Immigrants (CNN)

A hammer pounds away in the living room of a middle class home. A sanding machine smoothes the grain of the wood floor in the dining room. But this home Pastor Ada Valiente is showing off in Los Angeles, with its refurbished floors, is no ordinary home. “It would be three families we host here,” Valiente says. By “host,” she means provide refuge to people who may be sought by US Immigration and Customs Enforcement, known as ICE. The families staying here would be undocumented immigrants, fearing an ICE raid and possible deportation. The purchase of this home is part of a network formed by Los Angeles religious leaders across faiths in the wake of Donald Trump’s election. The intent is to shelter hundreds, possibly thousands of undocumented people in safe houses across Southern California. The goal is to offer another sanctuary beyond religious buildings or schools, ones that require federal authorities to obtain warrants before entering the homes.

“That’s what we need to do as a community to keep families together,” Valiente says. At another Los Angeles neighborhood miles away, a Jewish man shows off a sparsely decorated spare bedroom in his home. White sheets on the bed and the clean, adjacent full bathroom bear all the markers of an impending visit. The man, who asked not to be identified, pictures an undocumented woman and her children who may find refuge in his home someday. The man says he’s never been in trouble before and has difficulty picturing that moment. But he’s well educated and understands the Fourth Amendment, which gives people the right to be secure in their homes, against unreasonable searches and seizures. He’s pictured the moment if ICE were to knock on his door. “I definitely won’t let them in. That’s our legal right,” he says. “If they have a warrant, then they can come in. I can imagine that could be scary, but I feel the consequences of being passive in this moment is a little scary.”

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Great legal battles.

Washington Governor Bans Employees From Aiding Trump Immigration Crackdown (I.)

A state governor has banned his employees from cooperating with Donald Trump’s policies on immigration. Jay Inslee signed an executive order that bars the state of Washington’s agencies from denying services to people based on their citizenship or legal status and from helping detain immigrants for breaking civil rules. It came after memos were released by Homeland Security Secretary John Kelly showing his department planned to prioritise the removal of undocumented immigrants who “have been convicted of any criminal offence”, following directives from the President. This will include those who “have abused any programme related to receipt of public benefits”.

Governor Inslee said: “Washington will not be a willing participant in promoting or carrying out mean-spirited policies that break up families and compromise our national security and community safety. “Our officers are here to keep the public safe by enforcing the criminal laws, not to act as [Immigration and Customs Enforcement] officers or enforce civil violations.” He added that it reaffirmed “the state’s commitment to tolerance, diversity, and inclusiveness” and the order was “designed to ensure that all state agencies under my executive authority carry out only those duties and responsibilities prescribed to them in state and federal law.” He said: “In Washington state we know this: we do not discriminate based on someone’s race, religion, ethnicity or national origin. That remains true even as federal policies create such uncertain times.”

Washington agencies must comply to the extent to which they are permitted under federal law, he said. The agencies are ordered not to collect any more information about people than is necessary to perform their basic duties. Mr Inslee’s office said immigrants make up 17% of Washington’s workforce and contribute some $2.4bn in taxes. Mr Kelly has insisted there will be “no mass deportations” during the Trump administration’s immigration crackdown. He told reporters in Mexico City there would be “no use of military force for immigration operations” and said enforcing new policies would be done legally and with respect for human rights.

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The losers are still in charge.

Be Clear About What Happened To Keith Ellison (Bruenig)

On the Monday after the 2016 election, Keith Ellison announced that he intended to run for DNC chair. At the time of his announcement, Ellison had the support of prominent establishment Democrats (Harry Reid, Chuck Schumer) and prominent left-wing Democrats (Bernie Sanders, Raúl Grijalva). He was the clear frontrunner. His challengers were mostly insignificant or bygone figures that nobody thought posed a threat to his bid. Around a week after he announced, the New York Times reported that Obama’s people were not happy with Ellison and that they were scouring the benches for someone to beat him: But after steadily adding endorsements from leading Democrats in his bid to take over the party, Mr. Ellison is encountering resistance from a formidable corner: the White House.

In a sign of the discord gripping the party, President Obama’s loyalists, uneasy with the progressive Mr. Ellison, have begun casting about for an alternative, according to multiple Democratic officials close to the president. The Obama people did not rally around an existing candidate in the field that they thought was better. They went out and recruited someone. The point of this recruitment was to beat back the left faction that Ellison represented. They considered many potential avatars for this anti-Ellison effort and eventually settled on Tom Perez. On December 15, Tom Perez came into the DNC race. Around the same time, the establishment forces mounted a brutal smear campaign against Ellison, placing stories all over the place about how he was (or still is) an anti-semitic, Farrakhan-loving, Nation of Islam guy. This effort ultimately paid off with Perez narrowly winning the DNC chair election over Ellison.

During and after the DNC chair race, many moderate pundits and posters took the position that who wins the DNC chair does not really matter and also that infighting between left and right factions of the Democratic party is unhelpful in the times of Trump. But this, bizarrely enough, wasn’t self-criticism of the moderate establishment wing of the party. No, it was criticism that was and continues to be lobbed at the left-wing sorts who backed Ellison. Before this gets turned into another thing where the establishment Democrats posture as the reasonable adults victimized by the assaults of those left-wing baddies, let’s just be very clear about what happened here. It was the establishment wing that decided to recruit and then stand up a candidate in order to fight an internal battle against the left faction of the party. It was the establishment wing that then dumped massive piles of opposition research on one of their own party members. And it was the establishment wing that did all of this in the shadow of Trump, sowing disunity in order to contest a position whose leadership they insist does not really matter.

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What happens when nobody tells them the truth.

Half of Germans Against Debt Relief For Greece (R.)

Around half of Germans are against granting debt relief to Greece and around three in 10 want it to quit the eurozone, a survey showed on Friday. The INSA poll for the Bild newspaper showed 46.4% of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair for other eurozone countries. That compared with around a fifth (18.4%) who did not share that view and 9.1% who said they did not care.

Athens and its creditors agreed on Monday to resume talks on a long-stalled review of Greece’s bailout, but only after Greece accepted examination of its reforms for 2019 onward. The head of the IMF, Christine Lagarde, said on Wednesday that Greece does not need a haircut on its debt at the moment but added that debt restructuring and interest rate cuts on bailout loans were necessary. The German government, preparing for an election on September 24, is against debt relief for Greece.

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Half of all species could be extinct by the end of the century. Or before.

The Living Fabric Of The World Is Slipping Through Our Fingers (G.)

One in five species on Earth now faces extinction, and that will rise to 50% by the end of the century unless urgent action is taken. That is the stark view of the world’s leading biologists, ecologists and economists who will gather on Monday to determine the social and economic changes needed to save the planet’s biosphere. “The living fabric of the world is slipping through our fingers without our showing much sign of caring,” say the organisers of the Biological Extinction conference held at the Vatican this week. Threatened creatures such as the tiger or rhino may make occasional headlines, but little attention is paid to the eradication of most other life forms, they argue. But as the conference will hear, these animals and plants provide us with our food and medicine.

They purify our water and air while also absorbing carbon emissions from our cars and factories, regenerating soil, and providing us with aesthetic inspiration. “Rich western countries are now siphoning up the planet’s resources and destroying its ecosystems at an unprecedented rate,” said biologist Paul Ehrlich, of Stanford University in California. “We want to build highways across the Serengeti to get more rare earth minerals for our cellphones. We grab all the fish from the sea, wreck the coral reefs and put carbon dioxide into the atmosphere. We have triggered a major extinction event. The question is: how do we stop it?”

Monday’s meeting is one of a series set up by the Vatican on ecological issues – which Pope Francis has deemed an urgent issue for the Catholic church. “We need to unravel the processes that led to the ills we are now facing,” said one of the conference’s organisers, the economist Sir Partha Dasgupta, of Cambridge University. “That is why the Vatican symposia involve natural and social scientists, as well as scholars from the humanities. That the symposia are being held at the Papal Academy is also symbolic. It shows that the ancient hostility between science and the church, at least on the issue of preserving Earth’s services, has been quelled.”

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Aug 012015
 
 August 1, 2015  Posted by at 11:22 am Finance Tagged with: , , , , , , , , , , ,  Comments Off on Debt Rattle August 1 2015


Harris&Ewing “Congressional baseball game. President and Mrs. Wilson.” 1917

Coal Mine Worth $624 Million Three Years Ago Sold for $1 (Bloomberg)
Carlyle Fund Walloped in Commodities Rout (WSJ)
Raoul Pal, Who Called Dollar Rally, Sees -German- Catastrophe Ahead (CNBC)
Why 99% Of Trading, Worth $32 Trillion, Is Pointless (MarketWatch)
OPEC Shale War Leaves Big Oil Companies as Surprise Victims (Bloomberg)
Who Really Benefits From Bailouts? (Ritholtz)
The Euro, Like The Gold Standard, Is Doomed To Fail (Ann Pettifor)
Tsipras Survives for Now as Party Rebels Blast Greece Rescue (Bloomberg)
Greek PM Defends Varoufakis and Controversial ‘Plan B’ (Reuters)
Alexis Tsipras: I Ordered Varoufakis To ‘Defend Greece’ (Telegraph)
Greek Stock Market To Reopen Monday, With Restrictions (CNN)
Greek Bailout Is Far From Being A Done Deal (Andrew Lilico)
Unaccompanied Refugee Minors Find A Home Away From Home in Athens (Kath.)
Prosecutor Summons Ex-PM Samaras’ Aide Over €5.5million HSCB Bank Account (KTG)
Italian Youth Unemployment Rises to its Highest Level Ever (Bloomberg)
People Smuggling: How It Works, Who Benefits, How It Can Be Stopped (Guardian)
David Cameron To Send Dogs And Fences To Quell Calais Migrant Crisis (Guardian)
We Can’t Stop The Flow Of Migrants To Europe, Only Rehouse Them (Guardian)
As World Mourned Cecil The Lion, 5 Endangered Elephants Slain in Kenya (WaPo)
Climate Models Are Even More Accurate Than You Thought (Guardian)

“Alpha Natural Resources Inc., the biggest U.S. producer, plans to file for bankruptcy protection in Virginia as soon as Monday [..] It was valued at $7.3 billion in 2008.”

Coal Mine Worth $624 Million Three Years Ago Sold for $1 (Bloomberg)

The destructive force of a collapse in world coal prices has been underscored by the sale of a mine valued at A$860 million ($631 million) three years ago for just a dollar. Brazilian miner Vale and Japan’s Sumitomo sold the Isaac Plains coking-coal mine in Australia to Stanmore Coal Ltd., the Brisbane-based company said Thursday in a statement. Sumitomo bought a half stake for A$430 million in 2012. A slump in the price of coking coal, used to make steel, to a decade low is forcing mines to close across the world and bankrupting some producers. Alpha Natural Resources Inc., the biggest U.S. producer, plans to file for bankruptcy protection in Virginia as soon as Monday, said three people with direct knowledge of the matter. It was valued at $7.3 billion in 2008.

Isaac Plains in Queensland “was one of the most exciting coal projects in Australia,” Investec Plc analysts said in a note to investors on Friday. The site has a resource of 30 million metric tons, according to Stanmore. “The outlook for coal is still very difficult,” Roger Downey, Vale’s executive director for fertilizers and coal, said on Thursday after Stanmore announced the sale. “We see even in Australia mines that are still in the red and at some point that has to change. We have quite adverse and challenging markets.” Coal’s demise is just part of a broader slump in commodity prices, which fell to the lowest in 13 years this month. The benchmark price for coking coal exported from Australia has slumped 24% this year to $85.40 a ton on Friday, according to prices from Steel Business Briefing. The quarterly benchmark price peaked at $330 a ton in 2011.

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More Poof! Now you see it….

Carlyle Fund Walloped in Commodities Rout (WSJ)

Three years after private-equity giant Carlyle Group touted its purchase of a hedge-fund firm, a rout in raw materials has helped drive down holdings in its flagship fund from about $2 billion to less than $50 million, according to people familiar with the matter. The firm, Vermillion Asset Management, suffered steep losses and a wave of client redemptions in its commodity fund after a string of bad bets, including one tied to the price of shipping of dry goods, such as iron ore, coal or grains. At one point, two of Carlyle’s co-founders, David Rubenstein and William Conway, put tens of millions of dollars of their own money in the fund and left it in amid the losses and redemptions, according to people familiar with the matter.

Vermillion is in the midst of a restructuring, its co-founders left at the end of June, and it is pulling back from trading in several markets. A collapsing market for raw materials is spreading pain well beyond commodities specialists to some of the heaviest hitters on Wall Street. This week alone, commodity-trading firms Armajaro Asset Management and Black River Asset Managemen, a unit of agricultural conglomerate Cargill, said they are closing funds. Several other firms that managed billions of dollars already have closed their doors, including London-based Clive Capital and BlueGold Capital Management. Large money managers including Brevan Howard Asset Management and Fortress Investment Group have wound down commodity strategies.

Assets under management at commodity hedge funds have fallen 15%, to $24.1 billion, since their peak in 2012, and nearly 30 firms out of 250 have shut down since that year, according to industry consultant HFR Inc. Commodity firms lost money for three years in a row before 2014, HFR said. Commodities are one of the most challenging markets to invest in, because of their complexities and penchant for volatility. Some of the biggest hedge-fund blowups have involved commodity trading, such as the 2006 collapse of Amaranth Advisors after sustaining more than $5 billion in losses on natural-gas trades.

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As the US economy weakens, the USD will come home, leaving the rest of the world a lot poorer.

Raoul Pal, Who Called Dollar Rally, Sees -German- Catastrophe Ahead (CNBC)

Former hedge fund manager and Goldman Sachs alumnus Raoul Pal isn’t one to shy away from making bold predictions. Back in November 2014, Pal, who is currently the publisher of the Global Macro Investor newsletter and the founder of Real Vision TV, said the U.S. dollar index was poised to make a move the likes of which hadn’t been seen in “many, many years.” Now, after the dollar index surged 10%, Pal is out with a new prediction, and it could spell trouble for global equities. “I think the dollar will go up for another few years from here, so I’m expecting to see, by the end of this year, the dollar up maybe 20%,” said Pal on CNBC’s “Fast Money” this week. “So we’ve got another 10-12% or so to go this year alone, and then next year something similar,” he added.

If true, those predictions could have dire consequences for the global market. According to Pal, a rapidly accelerating bull market for the dollar could lead oil prices to “come back down into the 20s” in the not-so-distant future. “As the dollar gets stronger, global growth is falling and global export growth is falling, and that means generally that commodity prices should fall as well,” he explained. Pal said the slowdown in global growth, spurred by an ever-strengthening dollar, could have deleterious effects on one country in particular. “Germany is the big exporting nation of Europe, and I see them slowing down,” he said. Pal explained that a weaker U.S. economy will bleed into Europe and further impact German growth.

“The first half of this year is the weakest first half since the recession” for the United States, he said. “Europe lags the U.S, so I think that won’t help Germany at all because obviously the U.S. is buying less goods from Germany.” By Pal’s logic, a slowdown in Germany could eventually put all of Europe in harm’s way. “I think Germany is at risk of leading Europe into a recession, which is against everybody else’s opinion.”

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Circle jerk keeps brokers alive.

Why 99% Of Trading, Worth $32 Trillion, Is Pointless (MarketWatch)

An astonishing $32 trillion in securities changes hands every year with no net positive impact for investors, charges Vanguard Group Founder John Bogle. Meanwhile, corporate finance — the reason Wall Street exists — is just a tiny slice of the total business. The nation’s big investment banks probably could work for less than a week and take the rest of the year off with no real effect on the economy. “The job of finance is to provide capital to companies. We do it to the tune of $250 billion a year in IPOs and secondary offerings,” Bogle told Time in an interview. “What else do we do? We encourage investors to trade about $32 trillion a year. So the way I calculate it, 99% of what we do in this industry is people trading with one another, with a gain only to the middleman. It’s a waste of resources.”

It’s a lot of money, $32 trillion. Nearly double the entire U.S. economy moving from one pocket to another, with a toll-taker in the middle. Most people refer to them as “stock brokers,” but let’s call them what they are — toll-takers and rent-seekers. Rent-seeking as an occupation is as old as the hills. In exchange for working to build up credentials and relative fluency in the arcane rules of an industry, one gets to stand back from actual work and just collect money. Ostensibly, the job of a financial adviser is to provide advice. Do you actually get that from your broker? It is worth anything? Research shows, over and over, that stock brokers can’t do much of anything demonstrably valuable. They don’t know which stocks will go up or down and when.

They don’t know which asset classes will outperform this year or next. Nobody knows. That’s the point. If you’re among that small cadre of extremely high-level traders who can throw loads of cash at a short-term fluke, fantastic. If you have a mind for numbers like Warren Buffett that allows you to buy companies on the cheap and hold them forever, excellent. If you’re a normal retirement investor trying to get from A to B and retire on time, well, you have a really big problem to face: The toll-taker wants your money.

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Surprise? Really?

OPEC Shale War Leaves Big Oil Companies as Surprise Victims (Bloomberg)

When OPEC started a price war last November, driving oil down to its current $65 a barrel, U.S. shale drillers looked doomed. Six months later, it’s the world’s largest oil companies that are emerging as the unexpected casualties. The reason: the multibillion-dollar projects at the heart of the oil majors’ strategy need prices closer to $100 to make them economically feasible. “Big Oil is today squeezed by two low-cost producers: OPEC and U.S. shale,” said Michele Della Vigna at Goldman Sachs. “Big Oil needs to re-invent itself.” The new period of cheap oil and ample supplies raises a prospect unthinkable as recently as a few months ago – that the world no longer needs all the big, expensive projects planned by companies such as Shell, Chevron. and Total.

Rising supplies from Saudi Arabia, Iraq and perhaps Iran combined with a more efficient shale industry could deliver the bulk of new production. Big Oil will continue to play a significant role, particularly as field developments sanctioned in the era of $100 a barrel come to fruition – but new projects will suffer. Only six months ago, the industry’s thinking was very different. The view then was that shale firms could only survive with $100 oil. The expected wave of bankruptcies never came about, however, and shale output has continued growing as drillers cut costs in response to low prices. Ryan Lance, CEO of ConocoPhillips, said in Vienna on Wednesday that the industry now accepted that the U.S. shale drillers were far more resilient than expected. “They are reducing the cost and restoring the margins that we enjoy at $80 to $90 to get those at $60 to $70,” Lance said in an interview. “That is how resilient the opportunity set is.”

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“Our moral compass informs us that bailouts shouldn’t work to the benefit of the reckless and irresponsible. Reality teaches us a very different lesson.”

Who Really Benefits From Bailouts? (Ritholtz)

I always find it amusing whenever someone expresses surprise that the financial bailouts for Greece haven’t benefitted Greek citizens. “Bailout Money Goes to Greece, Only to Flow Out Again” in the New York Times is just the latest example. “The cash exodus is a small piece of a bigger puzzle over why – despite two major international bailouts — the Greek economy is in worse shape and more deeply in debt.” Unfortunately, this is a feature of bailout, not a bug. A plethora of financial rescues during the past decades has proven quite convincingly that this isn’t an aberration. Follow the money instead of following the headlines. That’s how you learn who profits from a bailout.

Look around the world – Japan, Sweden, Brazil, Mexico, Ireland, the U.S. and now Greece to learn who is and isn’t helped by these enormous government-backed bailouts. No, it isn’t the Greek people, nor even their banks. They never were the intended beneficiaries of the bailouts, nor were Irish citizens in that bailout. Indeed, homeowners in the U.S. were little more that incidental recipients of aid as a%age of total rescue spending. You probably learned the phrase “moral hazard” during the financial crisis. In short, what it means is that the bailouts rescued leveraged, reckless speculators from the results of their unwise professional folly and gave them an incentive to do it all over again. They were and the intended rescuees.

Do you think I am exaggerating? Consider the U.S. bailout in its manifold forms, from TARP to ZIRP to QE. How many bondholders suffered losses from their poor investment decisions? With the exception of holders of Lehman Brothers’ debt and a handful of banks that weren’t deemed too big to fail, just about every other bondholder was made whole, 100 cents on the dollar. Thanks to rescue plans such as the Trouble Asset Relief Program, holders of bonds from a diverse assortment of failed and failing companies suffered literally no losses. AIG? Zero losses. Fannie Mae and Freddie Mac? Zero losses. Citigroup and Bank of America? Zero losses. Morgan Stanley, Merrill Lynch, Goldman Sachs, Bear Stearns? Zero losses.

History teaches us that when companies fail, they file either a reorganization or liquidation in a bankruptcy court. The exceptions are when well-placed executives are friendly with Congress (Chrysler 1980) or members of the Joint Chiefs of Staff (Lockheed 1972) or Treasury secretaries (all of Wall Street except Dick Fuld in 2008-09). Having well-connected corporate executives on your board or in senior management sure comes in handy during an emergency.

[..] In the case of Greece, the money flows in large part from European governments and the IMF through Greece, and then to various private-sector lenders. We all call it a Greek bailout, because if it were called the “Rescue of German bankers from the results of their Athenian lending folly,” who would support it? Our moral compass informs us that bailouts shouldn’t work to the benefit of the reckless and irresponsible. Reality teaches us a very different lesson.

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A fetish.

The Euro, Like The Gold Standard, Is Doomed To Fail (Ann Pettifor)

Pierre Werner was appointed by the EU Council of Ministers on 6 March 1970, to chair a committee of experts to design a monetary system for the EU. The key elements of his committee’s recommendations was to be developed subsequently by the Delors Committee of twelve central bankers, which reported in 1989. Both sets of proposals – the Werner Report and the Delors Report – replicated the financial architecture of the nineteenth century gold standard. The parallels between the two systems include the abandonment by governments of control over exchange rates; the loss of a central bank accountable to the state; the initial euphoria as an over-valued exchanged rate cheapens imports & capital mobility encourages reckless lending; subsequent deflationary pressures; the absence of a co-ordinating body to check imbalances across the zone, and finally growing political resistance to the monetary system.

However it is important to note also just how much the two systems differ. The genius of those who designed the European Monetary Union (EMU) was this: unlike the architects of the gold standard, which attempted to remove central bank and state control over the exchange rate – Delors’s bankers simply abolished all European currencies, and replaced them with a new, shared currency, the euro – well beyond the reach of any state. That currency – the euro – not only acts as a store of value and facilitates financial transactions across borders – it also acts as a powerful symbol of European unity.

So in addition to serving the interests of Luxembourg bankers and European financiers – the euro was in part created, and heavily sold to citizens, as a perceived way and a symbol for bringing Europe and Europeans together. Like gold under the gold standard, the currency acquired the status of a fetish for many, both amongst the European elites in Brussels and Frankfurt, but also amongst those in periphery countries.

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Tsipras needs the discord. Apparently that is hard to fathom.

Tsipras Survives for Now as Party Rebels Blast Greece Rescue (Bloomberg)

Greek Prime Minister Alexis Tsipras staved off an immediate challenge to his premiership, though failure to appease his party’s hard-left fringe brought early elections into view. After 12 hours of talks, the central committee of the anti-austerity Syriza party decided in the early hours of Friday to hold an emergency congress in September, in which Tsipras’ move to accept a strings-attached rescue program from international creditors will be put to the vote. Leaders of the party’s Left Platform protested that will be too late to stop the bailout, but failed in their bid to force a party congress this weekend. “We opted for a difficult compromise and a recessionary program, we admit it”

With the government vulnerable, Finance Minister Euclid Tsakalotos meets representatives from international creditors on Friday to discuss the austerity measures his party has long opposed. The quarrel within Syriza, in power since January, means that Tsipras will have to rely on opposition parties’ support to approve measures attached to Greece’s emergency loans, a situation he has said isn’t sustainable. “Tsipras might call an early election as a way to reinforce his mandate,” Roubini analysts wrote in a note to clients. “It cannot yet be known if a new government – or Tsipras’s second mandate – would lead to stronger compliance with the creditors’ terms or would merely be a sign of Tsipras’s intention to push for better terms, including debt reduction.”

Former Energy Minister Panagiotis Lafazanis, who leads the Left Platform, opposed the September confidence vote, arguing the government will have signed a new bailout with creditors by then, and it will be all but impossible to annul bilateral agreements ratified by parliament. Lafazanis led a revolt of more than 30 Syriza lawmakers this month against the upfront actions demanded by European states and the IMF, effectively stripping Tsipras of his parliamentary majority. The central committee’s decision to hold a congress in September, approving a motion by Tsipras, “is a parody,” the Platform said in a statement. In a separate statement posted on the website of government-affiliated Avgi newspaper, 17 members of the central committee said they are resigning from the body, protesting the “transformation” of Syriza into a pro-austerity party.

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“If our partners and lenders had prepared a Grexit plan, shouldn’t we as a government have prepared our defense?”

Greek PM Defends Varoufakis and Controversial ‘Plan B’ (Reuters)

Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma. Tsipras was forced to respond to the issue in parliament after former finance minister Yanis Varoufakis this week revealed efforts to hack into citizens’ tax codes to create a parallel payment system, prompting shock and outrage in Greece. The disclosure heaped new pressure on Tsipras, who is also battling a rebellion within his Syriza party and starting tough talks with the European Union and International Monetary Fund to seal a third bailout program in less than three weeks.

“We didn’t design or have a plan to pull the country out of the euro, but we did have emergency plans,” Tsipras told parliament. “If our partners and lenders had prepared a Grexit plan, shouldn’t we as a government have prepared our defense?” He compared the plan to a country preparing its defenses ahead of war, saying it was the obligation of a responsible government to have contingency arrangements in place. He did not directly refer to Varoufakis’ disclosure of plans to hack into his ministry’s software to obtain tax codes. But Tspiras said the idea of a database giving Greeks passwords to make payments to settle arrears was hardly “a covert and satanic plan to take the country out of the euro”.

Tsipras also defended his embattled former finance minister, who has continued to create headaches for the government since being ousted earlier this month. “Mr. Varoufakis might have made mistakes, as all of us have … You can blame him as much as you want for his political plan, his statements, for his taste in shirts, for vacations in Aegina,” Tsipras said. “But you cannot accuse him of stealing the money of Greek people or having a covert plan to take Greece to the precipice.”

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What about this is not clear?

Alexis Tsipras: I Ordered Varoufakis To ‘Defend Greece’ (Telegraph)

Greek prime minister Alexis Tsipras launched a staunch defence of his embattled former finance minister on Friday, as he spoke for the first time about the secret “Plan B” he ordered from Yanis Varoufakis. Following almost a week of silence, Mr Tsipras told his parliament he had authorised preparations for a system of “parallel liquidity” should the ECB pull the plug on the Greek banking system. “I personally gave the order to prepare a team to prepare a defence plan in case of emergency,” said Mr Tsipras, who compared Greece’s situation with being on a war footing. “If our creditors were preparing a Grexit plan, should we not have prepared our defences?” But the prime minister said he “did not have, and never prepared, plans to take the country out of the euro”.

Since the airing of the “Plan B” talks, in a recorded conversation between Mr Varoufakis and city investors, two private lawsuits have been brought against the divisive politician, raising the prospect of a criminal prosecution over charges relating to treason. Opposition parties in Greece have also called for the former Essex University economist to have his parliamentary immunity from criminal charges revoked over his role in the clandestine plans. However, the prime minister rejected accusations from some that the blueprint amounted to a “coup d’etat” against his government. “You can blame him as much as you want for his political plan, his statements, for his taste in shirts, for vacations in Aegina.” “But you cannot accuse him of stealing the money of Greek people or having a covert plan to take Greece to the precipice”, said Mr Tsipras.

The four main heads of Greece’s creditor powers met with current finance minister Euclid Tskalatos on Friday, as both sides race to secure an agreement by the second week of August. Greece’s institutions are said to be demanding the government scrap a “solidarity tax” of 8pc on incomes of more than €500,000, a levy which only affects 350 people but which lenders want to abolish to deter tax evasion. They also want Athens’ Leftist government to scrap fuel subsidies and liberalise professions such as ship-building before an agreement for a new €86bn bail-out can proceed. Progress on securing a third international bail-out for Greece hit the rocks on Wednesday night after the IMF said it was unwilling to consider providing any more money until the reforms were agreed and Europe finally granted a programme of debt relief to Greece.

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Casino.

Greek Stock Market To Reopen Monday, With Restrictions (CNN)

The Athens stock exchange will reopen Monday, more than a month after Greece’s financial crisis forced the authorities to suspend all trading. But there will be some restrictions for local investors, the Greek finance ministry said, to prevent more money flooding out of the banking system. They will only be allowed to buy shares with existing holdings of cash, and won’t be able to draw on their Greek bank accounts. Greece’s banks were bleeding cash at a furious pace on fears the country’s debt crisis would force it to abandon the euro. Capital controls were introduced on June 29, including the closure of banks and financial markets. ATM withdrawals were limited to €60 per day.

The banks reopened on July 20, after Europe agreed in principle to a new bailout, but withdrawals remain limited to €420 a week. Some capital controls have been relaxed, so Greek companies could make payments abroad. Shares in the biggest Greek banks were tanking before the market closure – Piraeus Bank lost 57% this year, while Alpha Bank is down 29%. The benchmark Athens index has dropped 32% over the last 12 months. The European Central Bank has approved the reopening of the exchange. The ECB doesn’t control the stock market, but its opinion is crucial because it is keeping the Greek banking system afloat with regular injections of cash.

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Getting more undone by the minute.

Greek Bailout Is Far From Being A Done Deal (Andrew Lilico)

Yesterday everyone learned what those who had been watching closely had realised for some time: the IMF won’t (at least for now) be offering a third loan to Greece. The IMF believes that Greece has not sufficiently stuck to the conditions of previous loans and that its debts after a third bailout would be unsustainably high. That means an IMF loan would not enable Greece to return to financial markets to fund itself (a normal requirement for an IMF loan). It might be added that the IMF would not be confident, either, that Greece could obtain further financing from alternative sources – ie its Eurozone partners, whose patience is clearly spent.

Given that Greece defaulted on an IMF payment only a few weeks ago – an action which placed it in a not-so-elite group of international pariah states that had ever done so – the IMF not wanting to lend to it again should hardly be a surprise. Many commentators appear to assume the Eurozone will simply shrug off IMF non-involvement and cover the difference themselves. After all, back in 2009/2010 when the first Greek bailout was initially mooted, many EU Member States and institutions would have preferred the IMF not to be involved. But the country that was most adamant the IMF had to be in was Germany. And again for the current discussions about a third bailout to be given authority to proceed, the German government promised the Bundestag that the IMF would be in.

So now we have the following stand-off. The Germans insist the IMF must be part of a third bailout; the IMF says it cannot be in unless Greece’s debts are forgiven on a scale that would make them sustainable; the Germans refuse even to contemplate debt forgiveness whilst Greece remains in the euro. Could this derail the whole deal? Yes. Indeed I would assume that this scenario was so obviously likely that some parties to the mid-July talks probably only ever agreed to what they did because they expected it to fall apart in just this way.

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Bless you: “The center is a response to intolerance, to the “migrants go home” attitude..”

Unaccompanied Refugee Minors Find A Home Away From Home in Athens (Kath.)

Next-door neighbor Katerina comes over to the house almost every day to have a coffee in the garden and bring a “little something for the kids.” The Hospitality Center for Unaccompanied Minors in the Athenian neighborhood of Ano Petralona, which went into operation in late May, is currently home to 18 children aged 13-17, and is a hub of social activity. The hostel for young migrants who crossed Greek borders without a guardian is run by the nongovernmental organization Praksis, which took on the responsibility of housing dozens of young refugees from countries including Syria, Afghanistan and Pakistan who were being held at migrant detention centers such as Amygdaleza, north of Athens.

The detention centers were closed down by the then new government as one of its first orders of business, citing “inhuman” living conditions. However, one of the first issues then to rise was what was to happen to the minors. The government was short of cash, prompting Alternate Minister for Immigration Policy Tasia Christodoulopoulou to reach out to the Latsis Foundation for help. “Surprisingly fast for a public organization,” says Latsis Foundation Executive Board secretary Dimitris Afendoulis, the ministry and the foundation created the hostel, which can take in 24 guests at a time, in a house in Ano Petralona within just a few months. There are currently 99 minors still waiting to be placed in similar facilities, while authorities estimate that some 2,500 children make their way through Greece alone every year.

“This center may provide just a small amount of relief for the thousands of children waiting to find shelter in this country but on a symbolic level it is an amazing initiative, particularly as it happened thanks to funding from a private foundation,” says Christodoulopoulou. “We have a funding gap as far as European Union funds are concerned and such initiatives contribute to social solidarity and awareness.” “Caring for and protecting unaccompanied minors brings together all those people who have the capability to contribute,” says Afendoulis, adding that the foundation has also undertaken to cover the hostel’s operating costs until EU funding becomes available.

The center is a response to intolerance, to the “migrants go home” attitude, says Antypas Tzanetos, president of the Praksis board. “It is a response with actions, not words,” he adds.

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Lagarde list years later.

Prosecutor Summons Ex-PM Samaras’ Aide Over €5.5 Million HSCB Bank Account (KTG)

“I wish we had ten Papastavrou!” It was former Prime Minister Antonis Samaras who had praised the morals of his close aide Stavros Papastravou, a lawyer consultant at the Prime Ministry, during a speech in the Greek Parliament. Now, one of the ‘ten’ the real Stavros Papastavrou has been summoned by an Athens financial crimes prosecutor to give explanation about €5.5 million in his accounts at the HSBC Geneva branch. Papastavrou’s name was one of more than 2,000 Greek names on the so-called Lagarde list of wealthy Greek depositors with accounts at HSBC Geneva branch that was ‘stolen’ by former bank employee Herve Falciani in 2009. The Lagarde-List has been in the hands of the Greek authorities since 2010.

“Prosecutor Yiannis Dragatsis called lawyer Stavros Papastavrou to answer questions regarding his suspected involvement in tax evasion and money laundering through an account containing 5.5 million euros that was among hundreds on a list submitted to the Greek authorities in 2010 by then-French Finance Minister Christine Lagarde, currently managing director of the IMF. Papastavrou’s legal counsel requested an extension so that the former prime minister’s adviser can prepare his defense. A new date will be set for his deposition after the August 15th break.” (ekathimerini)

According to several Greek media, Papastavrou claims that the money does not belong to him but to Israeli businessman Sabi Mioni. Papastavrou is reportedly co-holder of the account together with his mother and his father who deceased some years ago. Papastavrou had alleged that he was just managing the bank account. The former aide has to prove through documents that he is telling the truth, but also Mioni has to testify in the case. In his testimony in 2013, Mioni had claimed that he had given access to one of his corporate bank accounts to Papastavrou.

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Recovery.

Italian Youth Unemployment Rises to its Highest Level Ever (Bloomberg)

Italy’s jobless rate unexpectedly rose in June as businesses continue to dimiss workers amid concerns that the country’s exit from recession may not be sustainable. Youth unemployment jumped to a record-high 44.2%. Unemployment increased to 12.7% from a revised 12.5% in May, statistics agency Istat said in a preliminary report in Rome on Friday. The median estimate in a survey of nine analysts called for a rate of 12.3%. Youth unemployment in June rose to the highest rate since the series began in 2004, from 42.4% in May. Employment dropped for a second month in a row, with about 22,000 jobs lost in June alone, according to the report.

Joblessness in the euro area’s third-largest economy has been at 12% or above for more than two years as the record slump deepened before GDP started to rise again at the end of 2014. On Monday, the IMF said in a report that “without a significant pick-up in growth,” it would take Italy “nearly 20 years to reduce the unemployment rate to pre-crisis” levels of about half the current one. Prime Minister Matteo Renzi’s changes to Italy’s labor code showed early results as the number of open-ended contracts taking effect in the first half increased, the government said. Still, executives’ confidence declined this month amid doubts on the outlook for economic recovery and employment.

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Bad idea to focus on smuggling. The refugees need the attention.

People Smuggling: How It Works, Who Benefits, How It Can Be Stopped (Guardian)

One of the most distressing elements of the worldwide migrant crisis is that people who have risked all for a better life should be held to ransom by smugglers. The lines between migration and human trafficking all too easily converge. While migration implies a level of individual choice, migrants are sometimes detained and even tortured by the people they pay to lead them across borders. Following the cash across borders – through a network of kingpins, spotters, drivers and enforcers – is central to understanding how this opaque and complex business works. Everyone agrees there is not enough data. No one knows how many migrants are smuggled. However, enough is known about the money paid – by Eritreans, Syrians, Rohingya, and Afghans, among others – to demonstrate it is a multimillion-dollar business.

As Europe debates measures ranging from military attacks to destroying smugglers’ boats to increasing asylum places, what more can be done to prosecute those profiting at the crossroads of dreams and despair? How much do migrants pay? The cost varies depending on the distance, destination, level of difficulty, method of transport (air travel is dearer and requires fake documents) and whether the migrant has personal links to the smugglers, or decides to work for them. The UN Office on Drugs and Crime (UNODC) says journeys in Asia can cost from a few hundred dollars up to $10,000 (£6,422) or more. For Mexicans wanting to enter the US, fees can run to $3,500, while Africans trying to cross the Mediterranean can pay up to $1,000, and Syrians up to $2,500.

Abu Hamada, 62, a Syrian-Palestinian refugee, reckons he has earned about £1.5m ($2.3m) over six months by smuggling people across the Mediterranean from Egypt. A place on a boat from Turkey to Greece costs between €1,000 and €1,200(£700 and £840), say migrants. Afghans pay between €10,000 and €11,000 to get to Hungary, which includes help from smugglers. The UNODC says smugglers operating from Africa to Europe earn about $150m annually, while those from Latin America to North America are believed to earn roughly $6.6bn a year. Money is often paid in instalments as a migrant moves from one group of smugglers to the next. For example, migrants from Afghanistan often use informal remittance systems, such as hawala. Funds are deposited with a hawaladar in Afghanistan, and on each stage of the journey the migrant will contact that person to release money to other hawaladars in transit countries.

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Morons.

David Cameron To Send Dogs And Fences To Quell Calais Migrant Crisis (Guardian)

Extra sniffer dogs and fencing will be sent to France to help deal with the Calais migrant crisis, and Ministry of Defence land will be used to ease congestion on the UK side of the Channel tunnel, David Cameron has said. Speaking in Downing Street after chairing a meeting of the Cobra emergency committee, the prime minister said the situation was “unacceptable” and that he would be speaking to the French president, François Hollande, later on Friday. Cameron said: “This is going to be a difficult issue right across the summer. “I will have a team of senior ministers who will be working to deal with it, and we rule nothing out in taking action to deal with this very serious problem. “We are absolutely on it. We know it needs more work.”

The Cobra meeting came after another night during which police in France blocked people from reaching the Channel tunnel. About 3,000 people from countries including Syria and Eritrea are camping out in Calais and trying to cross into Britain illegally by climbing on board lorries and trains. France bolstered its police presence. The tunnel was temporarily closed on Friday morning while officials carried out an inspection after more migrants attempted to enter overnight at the entrance in Coquelles. French police attempted to form a ring of steel around the tunnel on Thursday night, prompting an evening of scuffles and standoffs with migrants attempting to breach the terminal in Calais. Up to a hundred migrants attempted to overrun police lines at a petrol station near the Eurostar terminal but were held back by baton-wielding gendarmes and riot vans.

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It’ll take a long time and a lot of deaths before people accept this.

We Can’t Stop The Flow Of Migrants To Europe, Only Rehouse Them (Guardian)

Rarely since 1558, when Queen Mary lost the town to the French, can Calais have ruffled as many British feathers as it has this July. British lorry-drivers, British holidaymakers, and British booze-runners – they’ve all had their journeys wrecked by a recent rise in refugees attempting to break into the Calais end of the Channel tunnel. Without wanting to entirely dismiss their experiences, it is nevertheless useful to remember that the Calais crisis is just a tiny part of a wider one. Of the nearly 200,000 refugees and migrants who have reached Europe via the Mediterranean this year, only 3,000 have made their way to Calais. This means that the migrants at Calais constitute between 1% and 2% of the total number of arrivals in Italy and Greece in 2015.

Far from the UK being a primary target for refugees, the country is much less sought-after than several of its northern European neighbours, notably Sweden and Germany. And while the chaos at Calais may seem unique, many more migrants arrive every week on the shores of Italy and Greece than will reach northern France all year. Debunking this Anglo-centrism is not an academic exercise. It is crucial to understanding how the Calais crisis can be better managed. Britain’s responses to the phenomenon are based on the assumption that it is a local problem. They include building more fences (Theresa May’s proposed recourse), sending in the army (Nigel Farage’s), or clearing the camp entirely (the default reaction in years gone by).

Such solutions presuppose that the crisis is a one-off event peculiar to the British-French border, and that these migrants – once cordoned-off and forgotten about – won’t come back and try again. But such short-termism ignores a vital fact: the migrants at Calais are merely the crest of the biggest global wave of mass migration since the second world war. Others will keep coming in their wake, whether we like it or not. Previous camp clearances over the past decade have ultimately not stopped the flow at Calais. Why would they work now?

[..] For many, the implications of this will be hard to swallow. But the reality is clear: the only logical, long-term response to the Calais crisis is to create a legal means for vast numbers of refugees to reach Europe in safety. This may sound counter-intuitive. But at the current rate, whether we like it or not, 1 million refugees will arrive on European shores within the next four or five years. Whether they set up camps at Calais depends on how orderly we make that process of resettlement.

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Time to act?!

As World Mourned Cecil The Lion, 5 Endangered Elephants Slain in Kenya (WaPo)

While the world mourned Cecil, the 13-year-old lion that was allegedly shot by an American hunter in Zimbabwe, an even more devastating poaching incident was quietly carried out in Kenya. Poachers killed five elephants in Tsavo West National Park on Monday night. The carcasses were recovered by rangers on Tuesday morning — what appeared to be an adult female and her four offspring, their tusks hacked off. While the killing of the lion in Zimbabwe has attracted the world’s attention, the death of the five elephants has received almost no coverage, even though elephants are under a far greater threat from poachers than lions. Their tusks can be sold in Asia for more than $1,000 per pound.

“It’s just devastating,” said Paul Gathitu, a spokesman for Kenya Wildlife Service. “It took us completely by surprise.” Kenyan investigators say the poachers crossed the border from neighboring Tanzania, slaughtered the elephants and then quickly returned to their base, making them difficult to track. Tsavo stretches along the border for more than 50 miles. Rangers heard gunshots ring out on Monday evening. They searched all night through the vast park and discovered the carnage the next morning. There was blood and loose skin where the tusks were cut off. Kenyan authorities say the poachers escaped on motorcycles, carrying their loot.

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“..sea surface temperatures haven’t been warming fast as marine air temperatures, so this comparison introduces a bias that makes the observations look cooler than the model simulations.”

Climate Models Are Even More Accurate Than You Thought (Guardian)

Global climate models aren’t given nearly enough credit for their accurate global temperature change projections. As the 2014 IPCC report showed, observed global surface temperature changes have been within the range of climate model simulations. Now a new study shows that the models were even more accurate than previously thought. In previous evaluations like the one done by the IPCC, climate model simulations of global surface air temperature were compared to global surface temperature observational records like HadCRUT4. However, over the oceans, HadCRUT4 uses sea surface temperatures rather than air temperatures. Thus looking at modeled air temperatures and HadCRUT4 observations isn’t quite an apples-to-apples comparison for the oceans.

As it turns out, sea surface temperatures haven’t been warming fast as marine air temperatures, so this comparison introduces a bias that makes the observations look cooler than the model simulations. In reality, the comparisons weren’t quite correct. As lead author Kevin Cowtan told me,

“We have highlighted the fact that the planet does not warm uniformly. Air temperatures warm faster than the oceans, air temperatures over land warm faster than global air temperatures. When you put a number on global warming, that number always depends on what you are measuring. And when you do a comparison, you need to ensure you are comparing the same things.

The model projections have generally reported global air temperatures. That’s quite helpful, because we generally live in the air rather than the water. The observations, by mixing air and water temperatures, are expected to slightly underestimate the warming of the atmosphere.

The new study addresses this problem by instead blending the modeled air temperatures over land with the modeled sea surface temperatures to allow for an apples-to-apples comparison. The authors also identified another challenging issue for these model-data comparisons in the Arctic. Over sea ice, surface air temperature measurements are used, but for open ocean, sea surface temperatures are used. As co-author Michael Mann notes, as Arctic sea ice continues to melt away, this is another factor that accurate model-data comparisons must account for.

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