Apr 262023
 


Vincent van Gogh Tulip fields 1883

 

Can a Woke Military Win Wars? (Kimball)
The Status Of Ukraine’s Much-hyped ‘Counteroffensive’ Against Russia (RT)
Ukraine Risks Losing Western Support If Counteroffensive Fails – NYT (RT)
British Depleted Uranium Already In Ukraine (RT)
West Turning Ukraine Into ‘Radioactive Landfill’ – Embassy (RT)
US May Be Preparing Biological War Against Russia – Patrushev (TASS)
G7 Ban On All Exports To Russia ‘Not Doable’ – FT (RT)
China Doesn’t Want Peace In Ukraine, Czech President Warns (Pol.eu)
Russia Lists Obstacles To Moving UN From New York (RT)
Lavrov: West’s ‘Schizophrenic Logic’ And UN Head’s Letter (TASS)
Will America Win From De-dollarisation? (Fazi)
Decision on Trump Indictment to Be Announced ‘In the Near Future’ (ET)
FDA: Vaccines Don’t Have to Prevent Infection or Transmission (ET)
Whistleblower: US Govt Is ‘Middleman’ In Child Trafficking Op (Fox)
Just 3% of Australians Know the Great Barrier Reef is at a Record High (DS)

 

 

 

 

Ed Dowd M2
https://twitter.com/i/status/1650984403202625536

 

 

Tucker Zelensky
https://twitter.com/i/status/1650651758249533441

Tucker JFK
https://twitter.com/i/status/1650841641375223810

 

 

 

 

Biden by Trump

 

 

Rostov
https://twitter.com/i/status/1650760804923211776

 

 

 

 

Choice:
1) We want to win.
2) We only want to win if everybody uses the right pronouns.

Can a Woke Military Win Wars? (Kimball)

For a couple of years now, the U.S. military has had a serious recruitment problem. That isn’t really a surprise. Our leaders have injected the entire menu of radical “woke” ideology into the tissues of the military establishment. Gen. Mark Milley, chairman of the Joint Chiefs of Staff, worries about “white rage” and supports teaching critical race theory to the troops. When Secretary of Defense Lloyd Austin took office under President Joe Biden, he issued a 60-day “stand down” order to the entire military in pursuit of battling “extremism” and achieving “equity” in the military. In March 2022, the Biden administration announced a new policy under which people suffering from gender dysphoria would not only be allowed to serve in the military but also would have their “gender reassignment” surgery paid for by taxpayers.

Traditionally, conservative families, especially conservative working-class families, supplied a large percentage of military recruits. Those families aren’t thrilled by the intrusion of such politically correct sentiments into an institution hitherto marked by its commitment to traditional moral and martial values. They aren’t interested in sending their children to be catechized by anti-American Marxists or apostles of sexual exotica. The Biden administration seems blissfully unaware of this reality. At least, I assume it’s unaware of what two retired Army generals called “a major threat to our national security.” Otherwise, it would be difficult to explain Biden’s recent executive order regarding “environmental justice.” According to the White House, the new order is part of the administration’s “whole-of-government effort to confront longstanding environmental injustices and inequities.”

Of course, we live at a time when everything is potentially racist. Secretary of Transportation Pete Buttigieg even argued that highway designs in the United States are “racist.” So it should come as no surprise that “environmental justice” is really just an aspect of “racial justice.” “For far too long,” the executive order reads, “communities across our country have faced persistent environmental injustice through toxic pollution, underinvestment in infrastructure and critical services, and other disproportionate environmental harms often due to a legacy of racial discrimination including redlining.” And let’s not forget the other big-ticket item on the agenda of the left: “climate change.” “These communities with environmental justice concerns face even greater burdens due to climate change,” the White House stated.

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“..only 20,000 of the 100,000 troops assembled are actually combat-ready..”

The Status Of Ukraine’s Much-hyped ‘Counteroffensive’ Against Russia (RT)

So far, Ukraine’s planned military assault, originally announced for November 2022, has been postponed indefinitely. Foreign sources differ in their assessment of Kiev’s readiness for a counterattack against Russia and agree that it is difficult for the Ukrainians to gather enough forces. What is stopping the Armed Forces of Ukraine (AFU) from advancing now? One of the main problems preventing the AFU from carrying out the announced offensive is considered to be a lack of experienced personnel. A large portion of the combat-ready, equipped and motivated cadre units of the AFU (as well as the NGU and Territorial Defense) have already been destroyed in Mariupol, Artemovsk, Soledar, Popasnaya, Lisichansk, Severodonetsk and during the battles in the Kherson and Kharkov regions in the summer of 2022. Meanwhile, a new grouping of equal professionalism and equipment levels has not yet been formed. However, NATO and US officials differ in their estimates of the number of AFU formations.

US Defense Secretary Lloyd Austin said after the Rammstein Contact Group meeting earlier this year that Western countries had managed to prepare nine armored brigades. This figure is questionable, however, as at least 837 tanks would be needed for that size of a deployment. After Rammstein, Austin reported deliveries of 230 battle tanks, suggesting a deliberate misrepresentation of the size of the Ukrainian group. How many reserves has the AFU built up? Michel Goya, a French army colonel and renowned expert on modern warfare and combat innovation, disagrees. He estimates that no more than three or four Ukrainian brigades could realistically be trained and armed by NATO and the US in the time frame allowed. At the same time, the recently popular estimate of the number of Ukrainian reserves for a counterattack at 200,000 looks doubtful, since in this case the AFU forces would have to exceed the combined US and NATO forces at the time of the attack on Iraq in 2003 by 30,000-40,000 (at that time it was 160,000 men).

The most likely figure is 80,000-100,000, which have been trained both inside and outside Ukraine since the beginning of Russia’s military operation. There is an important caveat. Apart from the combat experience and capabilities of the grouping, it is not clear which forces are the combat-ready vanguard and which are support units (the so-called “tooth-to-tail” ratio). If the AFU is planning an offensive like the US in Iraq, only 20,000 of the 100,000 troops assembled are actually combat-ready, the rest are support and sustainment forces.

What difficulties does the AFU face? The conceptual problem of the offensive is the lack of surprise. AFU units are waiting in all directions – from Artemovsk to Kherson, so it is extremely difficult to surprise Russian forces in such a situation. Moreover, the movements of the Ukrainian army are well monitored, and it is almost impossible to accumulate a group of 20,000-150,000 troops unnoticed in such conditions. If they abandon massing their soldiers, and spread the forces across the front, all the advantages of large numbers are lost. An additional difficulty is time. Delaying an offensive means not only guaranteeing the loss of Artemovsk/Bakhmut, which is being cleared at the rate of two or three blocks every 24 hours, but also disrupting the plans of foreign partners and nullifying all the financial and military aid provided so far. Moreover, every day that the AFU’s offensive is delayed is an extra day for the Russian army to prepare and reinforce.

Prigozhin
https://twitter.com/i/status/1650908155440775188

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Ukraine never had a chance, but they got the support regardless.

Ukraine Risks Losing Western Support If Counteroffensive Fails – NYT (RT)

Ukraine is far from guaranteed to succeed in a counteroffensive against Russia despite receiving Western weapons, training, and intelligence support, the New York Times has stated. An underwhelming outcome would likely prompt Kiev’s backers to press it to negotiate for peace, the newspaper predicted. Kiev has long touted an upcoming push as the next decisive phase of the conflict with Russia. The NYT claimed on Monday that the offensive could be launched as early as May, although Ukrainian Prime Minister Denis Shmigal recently assessed that it might not get underway until the summer. According to classified documents shared as part of the Pentagon leaks, Ukraine is planning to use 12 combat brigades of about 4,000 troops each in its renewed campaign against Russian forces.

The US and its allies have helped train nine of those units, with soldiers being taught to use Western-provided equipment and receiving tactical advice at American military facilities in Germany. Ukraine’s partners are also expected to provide it with intelligence for the proposed assault. “Everything hinges on this counteroffensive,” Alexander Vershbow, a former US ambassador to Russia and senior NATO official, said of the future operation. “Everybody’s hopeful, maybe over-optimistic. But it will determine whether there is going to be a decent outcome for the Ukrainians.” Kiev has ruled out negotiations with Moscow until it recaptures all the territories that it claims as its own. However, even with all Western help, “big gains are not guaranteed, or even necessarily likely,” the NYT warned.

The newspaper cited Ukrainian battlefield losses, heavy expenditure of munitions, and Russian troops digging in and preventing the enemy from using Western-taught warfare as working against Kiev. After the push is over, “there is little chance that the West can recreate the buildup… for the foreseeable future” the report argued. The US and its allies have largely exhausted their military inventories after flooding Kiev with military aid, causing gaps that are unlikely to be filled until next year, experts assessed. Meanwhile, Russia is ramping up pressure against Ukraine despite previous setbacks, meaning that “the window to make significant gains… may not remain open indefinitely,” the NYT stated. With larger reserves at its disposal, Moscow could emerge victorious in the conflict, it acknowledged.

Politico previously reported that the White House was bracing itself to mitigate the fallout from a potentially poorly-executed Ukrainian counteroffensive. A temporary truce could give Kiev time for a military buildup before another offensive at a later point, US officials claimed to the outlet.

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“Asked whether the government has a responsibility to “help clear up depleted uranium rounds” used in Ukraine after the conflict, the minister stated it has “no obligation” to do so..”

British Depleted Uranium Already In Ukraine (RT)

The UK government has already started shipments of depleted uranium ammunition to Ukraine, Armed Forces Minister James Heappey said, noting that the British military would not attempt to track where the weapons are used. In response to questions from Scottish MP Kenny MacAskill, Heappey confirmed on Tuesday that DU munitions for the UK-made Challenger 2 tank had already arrived in Ukraine, though declined to comment on Kiev’s “usage rates for the rounds provided.” “We have sent thousands of rounds of Challenger 2 ammunition to Ukraine, including depleted uranium armour-piercing rounds,” he said, adding the weapons “are now under the control of the Armed Forces of Ukraine (AFU)” and that the Defence Ministry “does not monitor the locations from where DU rounds are fired by the AFU in Ukraine.”

Asked whether the government has a responsibility to “help clear up depleted uranium rounds” used in Ukraine after the conflict, the minister stated it has “no obligation” to do so, instead stressing “Ukraine’s immediate needs.” While Heappey has claimed the health and environmental risks posed by depleted uranium are “low,” citing the “monitoring of UK military veterans” performed for a government study in 2007, more recent research suggests the munitions could carry health hazards after all. The United States used DU ammunition heavily during its two wars in Iraq, with some researchers claiming the weapons could be linked to a spate of birth defects later observed in the country. According to Doug Weir, an expert with the Conflict and Environment Observatory, when DU penetrators strike a target, “they fragment and burn, generating chemically toxic and radioactive DU particulate that poses an inhalational risk to people.”

Both the US and UK governments have long disputed the alleged dangers, however. In March, British and American advisers oversaw special training for Ukrainian troops for how to handle DU rounds, which will primarily be used for the Challenger 2 tank. London previously vowed to send a total of 14 of the tanks to Ukraine, though it is unclear whether any have reached the battlefield. Moscow has repeatedly urged against foreign arms shipments to Kiev, namely the British DU munitions, with the Foreign Ministry condemning London for “absolute recklessness, irresponsibility and impunity.” Last month, the Russian military also warned that the use of uranium shells is likely to “cause irreparable harm” to the health of Ukrainians and inflict “tremendous economic damage to the agro-industrial complex” in the region, citing the weapon’s impact in Iraq.

Tucker USnukes

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“..given the “chemotoxic and radiotoxic” properties of DU. Moscow has urged foreign powers to cease all weapons shipments to Ukraine..”

West Turning Ukraine Into ‘Radioactive Landfill’ – Embassy (RT)

Russia has condemned the UK’s decision to send depleted uranium shells to Ukraine, saying the move marks an “all-out escalation” after the British Defence Ministry confirmed the radioactive weapons were already in Kiev’s hands. Moscow’s UK embassy issued a statement on Tuesday after senior official James Heappey acknowledged that the British DU munitions had arrived on the battlefield, to be fired from Challenger 2 tanks also supplied to Ukraine. “James Heappey’s comments are a grim testament to the ruthlessness of the Anglo-Saxons’ policy of all-out escalation of the ‘proxy conflict’ they themselves unleashed in Ukraine,” it said. “He cynically stated that London is not monitoring the deployment of these weapons and has no obligation to eliminate the consequences of their use following the end of the conflict.”

“It has by now become self-evident that the West intends this country to become not only an anti-Russian military “shooting range,” but also a radioactive landfill – with all the ensuing grave consequences for the health of local residents and the environment in the region”. The embassy went on to say that the British government would be responsible for the effects of the “toxic ammunition” and could not escape accountability by passing them off to Ukrainian forces. In an interview with RT last week, Russia’s envoy to Britain, Ambassador Andrey Kelin, warned that DU munitions will be a “terrible thing… for the agriculture and for the people” of Ukraine, saying radioactive residue could contaminate the country’s water and soil “for at least six generations.”

Both UK and US officials have disputed the purported health hazards associated with DU shells – which use a dense uranium core to improve their armor-piercing capabilities – and deny allegations that the weapons were linked to a spike in cancer and birth defects in Iraq. Heappey has claimed depleted uranium carries only “low” health and environmental risks, pointing to a 2007 government study. He later added that the Defence Ministry would make no effort to track where Ukrainian forces use British-supplied DU rounds, and had “no obligation” to assist clean-up efforts after the conflict.

However, according to Doug Weir, an expert with the Conflict and Environment Observatory, uranium munitions generate “chemically toxic and radioactive DU particulate” when they strike hard targets, adding that the dust poses “an inhalational risk to people.”Other recent research has also indicated the weapons could produce “adverse health outcomes” given the “chemotoxic and radiotoxic” properties of DU. Moscow has urged foreign powers to cease all weapons shipments to Ukraine, arguing the aid would not deter its military aims but only prolong the conflict. After the UK announced its decision to supply depleted uranium rounds to Kiev last month, the Russian Foreign Ministry said Western nations would like to “see Ukraine completely destroyed” and are acting with “absolute recklessness, irresponsibility and impunity.”

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May sound a bit crazy, but Patrushev is not crazy.

US May Be Preparing Biological War Against Russia – Patrushev (TASS)

Russian Security Council Secretary Nikolay Patrushev urged Russia on Tuesday to counteract US efforts to launch a biological war against it and other countries. “Specific biological research being used by the United States in developing military programs requires the closest attention of our scientific community,” Patrushev said, urging proactive efforts to counteract preparations for a biological war against Russia and other countries. Patrushev elaborated on technological breakthroughs that he said “may affect the global balance of power further down the road.” He referred to “an avalanche-like increase in global research in the sphere of IT and quantum technology, as well as AI.” “Experts claim that the use of such technologies can [lead to] and has already prompted a social transformation,” the top Russian security official said, calling for a thorough analysis into the problem.

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Cut it out already..

G7 Ban On All Exports To Russia ‘Not Doable’ – FT (RT)

A US proposal for G7 nations to introduce a complete ban on exports to Russia has met with strong opposition from the EU and Japan, the Financial Times reported on Tuesday, citing unnamed officials. According to the outlet, a draft statement prepared for a three-day G7 summit in Hiroshima in May includes a bold proposal to replace the current sector-by-sector penalties against Moscow with a full export ban, albeit with exemptions for areas such as agricultural and medical products. The US is reportedly pushing the plan amid concerns that existing sanctions contain loopholes that allow Moscow to continue importing technology from the West. However, lawmakers from Japan and EU member states reportedly suggested in a preparatory meeting last week that the measure would be impossible.


“From our perspective it is simply not doable,” said one official who spoke to the FT on condition of anonymity. Last week, Bloomberg reported that G7 nations were discussing a potential outright ban on most exports to Russia as part of a broader agenda to tighten economic pressure. Since February 2022, the EU alone has adopted 10 packages of anti-Russian sanctions in response to Moscow’s military operation in Ukraine. Kremlin spokesman Dmitry Peskov has warned against a blanket export ban, arguing that it could result in a full-scale global economic crisis. Former Russian president and current deputy chairman of the National Security Council, Dmitry Medvedev, warned that Moscow could quit the Black Sea grain deal if the G7 imposes a total ban on exports to Russia.

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He’s literally straight out of NATO.

China Doesn’t Want Peace In Ukraine, Czech President Warns (Pol.eu)

China cannot be trusted to mediate peace between Russia and Ukraine, Czech President Petr Pavel is warning, telling POLITICO that Beijing benefits from prolonging the war. His comments come as China is trying to position itself as a peacemaker in Ukraine, recently floating a vague roadmap to ending the conflict. And while most Western allies have been skeptical of the overtures, some countries like France insist China could play a major role in peace talks. Pavel, a former general and senior NATO leader, was unequivocal, however. When it comes to Ukraine, he argued, China only wants what’s best for itself — and, for now, that’s more war. “I believe that it is in China’s interest to prolong the status quo,” Pavel said, “because it can push Russia to a number of concessions.”

Beijing, he said in an interview late last week, can get cheap oil, gas and other resources from Moscow — in exchange for its “no limits” partnership with the Kremlin. “It is also good for China that the West is probably becoming a little bit weaker by supporting Ukraine,” he added. Pavel’s remarks seemed prescient when, only hours after he spoke, China’s ambassador to France provoked indignation by proclaiming that former Soviet countries have “no effective status” in international law — a comment that came in response to a question about whether Crimea belongs to Ukraine. Although Beijing on Monday distanced itself from the remarks, the incident has stoked the heated conversation around whether China can ever help bring peace to Ukraine. “I don’t think,” the Czech leader said, that “China has a real interest to resolve the war in a short time.”

Pavel, who took office as president last month, said Beijing is using the war to learn. “China is taking lessons out of the conflict every day,” Pavel said. “They closely follow what Russia is doing, how the West is reacting.” Pavel, who chaired NATO’s military committee from 2015 to 2018, won the Czech presidential race earlier this year on a pro-Western platform. Now, he is using his knowledge of the alliance’s inner workings and his extensive military experience — highly unusual for a European leader — to advocate for more effective support for Ukraine and a more nuanced approach to NATO defense policy. During a visit to Brussels last week, Pavel floated the idea of creating a new proposal for extending defense companies’ production lines — possibly using a mix of national and European subsidies — so that they could have extra capacity to draw upon in times of crisis.

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“a lot of reasons” why national governments are reluctant to leave the largest city in the US, with one of them being that “they have real estate there..”

Russia Lists Obstacles To Moving UN From New York (RT)

UN member states are against the idea of moving the organization’s headquarters out of New York City mainly due to financial limitations, according to Pyotr Ilyichev, a high-ranking official at the Russian Foreign Ministry. “[Russia] would, of course, like to relocate [the UN HQ] to some other more neutral spot, like Geneva or Vienna, but many member states don’t want to leave New York,” Ilyichev, who heads the Department of International Organizations at the ministry, said on Monday. According to the diplomat, there are “a lot of reasons” why national governments are reluctant to leave the largest city in the US, with one of them being that “they have real estate there. It’s hard for them to sustain two [UN] missions, so they have everything situated in New York. Those are more of the financial and economic reflections.”

Russia is “thinking” about moving the UN headquarters out of New York, where it has been located since the formation of the global body in 1951, he said. “The Austrians and the Swiss are more neutral” compared to the Americans, Ilyichev stated. Besides its New York-based headquarters, the UN also has offices in Geneva, Vienna, and Kenyan capital Nairobi. A Russian delegation headed by Foreign Minister Sergey Lavrov had difficulties with obtaining US visas to attend UN Security Council (UNSC) meetings in New York on Monday and Tuesday. The country’s journalists were denied permits to enter the US by the American authorities altogether, without any explanation.

Lavrov argued that such behavior by the US isn’t worthy of a UN host nation. The Americans have just “chickened out,” he suggested, while promising that the move won’t be left unanswered by Moscow. Russia, which currently holds the presidency of the UNSC, had planned some “major newsbreak events” in New York this week and barring the pool of the country’s reporters from participating was completely unacceptable, Russian Deputy Foreign Minister Sergey Ryabkov said. When asked about the possibility of relocating the UN headquarters to another country on Monday, Kremlin press secretary Dmitry Peskov replied that it was “an issue of additional thinking, additional analysts.”

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“The Americans have started the de-dollarization process.”

Lavrov: West’s ‘Schizophrenic Logic’ And UN Head’s Letter (TASS)

Russian Foreign Minister Sergey Lavrov has branded as schizophrenic the West’s statements that talks between Russia and Ukraine will be possible only after Kiev’s counteroffensive at a news conference in New York. The minister said that Moscow declared all its goals during the special military operation, but would like to learn what the West is up to in Ukraine. He also urged those who theoretize about the possibility of the Third World War to show responsibility. Among other things, the minister also spoke about Russian President Vladimir Putin’s possible response to a letter by UN Secretary General Antonio Guterres. Below are Lavrov’s main remarks, made at a news conference to sum up the results of his visit to the United States within the framework of Russia’s presidency in the UN Security Council.

“Now, this funny theory has emerged: let us we (Western nations – TASS) ensure Ukraine’s successful counteroffensive and then we will ask Ukraine, [President Vladimir] Zelensky to begin talks. But this is schizophrenic logic. We don’t want any threats to our security to come from Ukrainian territory and these threats have been accumulating there for years, especially after the state coup in February 2014.” Speaking about whether achieving peace in Ukraine is possible this year, he said: “Hopes and expectations are not what I’m paid for.” Russia declared all its goals during the special military operation, but would like to learn what the West is up to in Ukraine, and “would also like to hear from our Western colleagues, as a reciprocal move, what goals are they pursuing there.”

[..] Ukraine’s urgent accession into the European Union will expose the organization’s true goals, the Russian foreign minister said. It “will prove that its membership is not about meeting some kind of criteria, that it is a purely geopolitical game of grabbing as many territories as possible that are unclaimed or about to become unclaimed.” Meanwhile, the European Union “is militarizing on the double and is turning into an aggressive entity dead set on containing Russia.” This affects, among other things, the union’s admission policies: “This is what the European Union is like now: if you are conducting anti-Russian policies, your chances [of membership] are very good.”

In Lavrov’s words, “sanctions against Russia are indeed such that no one has ever seen and could hardly imagine, but for us it is a clinched question. We are well-placed for not depending on such behavior of Western colleagues that have proved the lack of deal-making skills.” “Preparations are underway for a new round of the global dominion war, or rather the war for an attempt to maintain global dominion. It may probably slow down the natural process of the formation of multipolar world order, but not for long.” “The shift to settlements in national currencies bypassing the dollar, the euro and the yuan, to digital currencies can no longer be stopped, and the future of the international currency financial system, including the IMF, the World Bank, remains to be seen,” he said. “”The Americans have started the de-dollarization process.”

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“As Wolfgang Münchau wrote, by weaponising international reserves, the US had “taken the biggest gamble in the history of economic warfare..”

Will America Win From De-dollarisation? (Fazi)

The most important element in the debate over the utility of Western sanctions against Russia, is also the most ignored. The sanctions regime mostly comprises of restrictions that have been deployed before, such as export bans and the freezing of certain assets. Even the controversial exclusion of a number of Russian banks from the main international banking message system, SWIFT, was not exceptional, having already been used against Iran. But the freezing of Russia’s foreign-exchange reserves, worth around $300 billion — about half of its overall reserves — was significant. While the US had behaved similarly with Afghanistan, Iran, Syria and Venezuela, none of these targets was remotely as powerful as Russia: a member of the G20, and the world’s largest nuclear power. Likewise, none of the 63 central banks that are members of the Bank for International Settlements (BIS) in Basel — known as the central bank of central banks — had ever been the target of financial sanctions, not even during the Second World War.

At the time, the decision received relatively little attention. Future historians, however, will look back on it as the trigger that set in motion one of the biggest snowball effects in history, one which now threatens the very foundations of the American Empire. In our age of fiat money, reserves aren’t held in the form of physical dollars (or other currencies) stashed in the vaults of foreign central banks. They are simple IOUs — a credit recorded in the accounting sheets of the Federal Reserve and other central banks. In the dealings between countries, just as in the dealings between individuals or companies and commercial banks, trust is therefore fundamental: just as you would never deposit your salary in a bank if you had even the remotest fear that it might freeze or confiscate your money, no country wants to hold reserves which may be snatched away at any moment.

This move, therefore, violated an almost sacred principle: the neutrality of international reserves. The message was clear: from now on, the US would stop at nothing to punish countries that stepped out of line or defied Western diktats. And if this could happen to Russia, a major power whose central bank reserves were mostly earnings from sales to the West, it could happen to anyone. As Wolfgang Münchau wrote, by weaponising international reserves, the US had “taken the biggest gamble in the history of economic warfare”. In one fell swoop, he noted, the US had “undermined trust in the US dollar as the world’s main reserve currency”, and encouraged China and Russia to “bypass the Western financial infrastructure”. For non-Western nations — especially China, which is heavily exposed to US assets — disengaging from the dollar, and more in general from the US-led international monetary and financial system, acquired a sudden urgency.

De-dollarisation was not something that would happen overnight, that much was clear. But the wheels of history were set in motion. It is no coincidence that most of the world’s nations didn’t join the West in slapping sanctions on Russia, but quietly started strengthening their ties with Russia and China in an effort to reduce their dependence on the dollar-centric system. In just over 12 months, the world has undergone a greater tectonic shift, in geopolitical terms, than it has in decades: the long-heralded post-Western international order — comprising the BRICS and dozens of other countries making up most of the world’s population — has finally become a reality. The US, as former Treasury Secretary Larry Summers recently said, is lonelier than it has ever been.

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“Willis characterized Trump’s wording during the call as evidence of “criminal disruption” of the 2020 election, and has based her case on charges around that allegation..”

“The President participated in two perfect phone calls regarding election integrity in Georgia..”

Decision on Trump Indictment to Be Announced ‘In the Near Future’ (ET)

A Georgia district attorney wrote in a letter dated April 24 that she intends to announce potential indictments resulting from a probe into former President Donald Trump and his associates for alleged interference in the 2020 election with his calls for investigations. “In the near future, I will announce charging decisions resulting from the investigation my office has been conducting into possible criminal interference in the administration of Georgia’s 2020 General Election,” Fani Willis, District Attorney of Fulton County, Georgia, wrote in a letter addressed to Fulton County Sheriff Patrick Labat on Monday. The Atlanta Journal-Constitution first reported the letter. Willis wrote she would announce the charging decisions between July 11 and Sept. 1.

Willis’s Monday announcement was the latest update in the special-purpose grand jury investigation she launched in 2021 and led thereafter. While the grand jury proceedings had occurred behind closed doors, the probe is believed to center on a 2020 phone call between Trump, Trump’s legal team, and Georgia’s Secretary of State Brad Raffensperger and his team. “All I want to do is this. I just want to find 11,780 votes, which is one more than we have because we won the state,” Trump allegedly told Raffensperger during the phone call on Jan. 2, 2021, a transcript of which was released by media organizations.

Willis characterized Trump’s wording during the call as evidence of “criminal disruption” of the 2020 election, and has based her case on charges around that allegation. The grand jury heard testimony from Trump’s former associates, including Rudy Giuliani and former National Security Advisor Michael Flynn. Trump has denied all allegations of wrongdoing on his part. The grand jury was discharged in January. In early February, the Fulton County Superior Court released a portion of the jury panel’s report, which did not include the list of names to whom indictments were recommended. Emily Kohrs, the grand jury’s foreperson, told media outlets in February that the group recommended indictments.

“The long awaited important sections of the Georgia report, which do not even mention President Trump’s name, have nothing to do with the President because President Trump did absolutely nothing wrong,” Trump spokesperson Steven Cheung told CNN in a following statement in February. “The President participated in two perfect phone calls regarding election integrity in Georgia, which he is entitled to do—in fact, as President, it was President Trump’s Constitutional duty to ensure election safety, security, and integrity,” Cheung added.

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Redefine the redefinitions..

FDA: Vaccines Don’t Have to Prevent Infection or Transmission (ET)

Vaccines don’t have to prevent infection or transmission to be cleared in the United States, the country’s top regulatory agency said in a new document. “It is important to note that FDA’s authorization and licensure standards for vaccines do not require demonstration of the prevention of infection or transmission,” Dr. Peter Marks, a top official at the U.S. Food and Drug Administration (FDA), said in the document. Marks was writing as he rejected nearly all recommendations from a group of experts that advised the FDA to update the labels for the Pfizer and Moderna COVID-19 vaccines. Vaccines are traditionally known as drugs that prevent an illness. The U.S. Centers for Disease Control and Prevention (CDC) for years said a vaccine is a product that “produces immunity” while vaccination is an injection of an infectious organism “in order to prevent the disease.”

The agency changed its definitions after people correctly noted that COVID-19 vaccines do not prevent infection. The Coalition Advocating for Adequately Labeled Medicines, a group of experts, had called for the FDA to make clear that the COVID-19 vaccines don’t prevent infection or transmission. “There is a widespread (but inaccurate) notion that efficacy against infection and transmission have been established by substantial evidence, and that these vaccines contribute to herd immunity,” the group said, pointing to claims from President Joe Biden, the head of the CDC, and Dr. Anthony Fauci that vaccinated people would not get sick or infected. Biden, for instance, falsely said in 2021 that “you’re not going to get COVID if you have these vaccinations.”

“To remedy this situation, language clarifying that phase III trials were not designed to determine and failed to provide substantial evidence of vaccine efficacy against SARS-CoV-2 transmission or death must be added to labels,” the coalition said. SARS-CoV-2 causes COVID-19. While it’s uncommon to include in product labeling what a product has not been proven to do, there are cases where it’s necessary due to inaccurate assumptions, the coalition said. They pointed to the FDA stating that the influenza medicine Tamiflu “has not been shown to previous serious complications of influenza” after the drug’s manufacturer said it reduced complications by nearly half.

Marks rejected the request, writing that the petitioners included “selected statements by U.S government officials suggesting that vaccination against COVID-19 may prevent infection or transmission” but omitted statements from Fauci and others that later acknowledged vaccines don’t prevent infection or transmission. “In responding to your Petition, we are not agreeing or disagreeing with any of the statements that are selected in the Petition,” Marks said. “Rather, we are observing that the statements referenced by the Petition do not demonstrate a commonly held belief that the clinical trials provided substantial evidence of efficacy against SARS-CoV-2 transmission. We are not convinced that there is any widespread misconception about this.”

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“Today, children will work overnight shifts at slaughterhouses, factories, restaurants to pay their debts to smugglers and traffickers. Today, children will be sold for sex,..

Whistleblower: US Govt Is ‘Middleman’ In Child Trafficking Op (Fox)

A House Judiciary subcommittee hearing on Wednesday will feature the testimony from a whistleblower who will warn lawmakers that the U.S. has become the “middleman” in a multibillion dollar migrant child trafficking operation at the border. The hearing, “The Biden Border Crisis: Exploitation of Unaccompanied Alien Children,” will be held by the House Judiciary Subcommittee on Immigration Integrity, Security, and Enforcement and will examine the surge in unaccompanied children (UACs) at the southern border. According to Customs and Border Protection (CBP) statistics, the number of UACs who arrive at the border has swelled from 33,239 in fiscal year 2020 to more than 146,000 in fiscal year 2021 and 152,000 in fiscal year 2022. So far in fiscal year 2023, there have been more than 70,000 encounters of unaccompanied children.

When child migrants are encountered at the border, they are transferred into the custody of Health and Human Services (HHS) and then united with a sponsor – typically a parent or family member already in the U.S. According to Customs and Border Protection statistics, the number of unaccompanied children who arrive at the southern border has surged since fiscal year 2020. But the Biden administration has been rocked by a number of reports that officials have been unable to make contact with more than 85,000 child migrants; and more recently, administration officials reportedly ignored signs of “explosive” growth in child labor. A number have been forced into indentured servitude to pay back smugglers and have worked in dire conditions.

The Wednesday hearing will hear from three witnesses: Tara Lee Rodas, a HHS whistleblower formerly with an inspector general’s office; Sheena Rodriguez, founder and president of Alliance for a Safe Texas; and Jessica Vaughn, director of Policy Studies at the Center for Immigration Studies. Rodas will warn of a problem that predates the administration but has increased significantly during the recent migrant crisis, according to a copy of her written testimony obtained by Fox News Digital. “Today, children will work overnight shifts at slaughterhouses, factories, restaurants to pay their debts to smugglers and traffickers. Today, children will be sold for sex,” she will say. “Today, children will call a hotline to report they are being abused, neglected, and trafficked. For nearly a decade, unaccompanied children have been suffering in the shadows.”

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“For decades, scientists and their media messengers have hyped up the temporary loss of coral to secure grants and promote political causes..”

Just 3% of Australians Know the Great Barrier Reef is at a Record High (DS)

Three-quarters of sampled Australian green voters believe the Great Barrier Reef (GBR) is doing worse than usual, with 44% stating the coral is at a record low. Overall only 3% of all Australian voters knew that the coral was at a “record high” – the correct answer following two years of record growth that has broken all previous records. These findings are not a surprise, since the true picture on the reef has been downplayed, even hidden, by mainstream interested parties in the media and in science. The results come from a survey carried out by the Australian Environment Foundation (AEF) and is the work of coral authority Dr. Peter Ridd and science journalist Jo Nova. They note that the poor scores reflect badly on media coverage that reports every local coral bleaching event, but rarely the rapid recovery.

“It’s almost as if Australians have been subject to years of misinformation,” they say. The silence on the health of the corals is “deafening”. Jo Nova has an idea why the media work so closely with the science establishment to suppress the real story: “Corals are thriving but Australians are spending half a billion dollars to save them.” As atmospheric scientist Richard Lindzen says, the climate narrative is absurd, but trillions of dollars say it is not absurd. It can be argued that few scientific propositions are more absurd than the suggestion that the recent gentle warming spell is leading to the destruction of coral reefs around the world. In a recent report, Dr. Ridd noted that the IPCC said in 2018 “with high confidence” that corals would decline worldwide by 70-90% if temperatures rose just 0.4°C.


Data on coral in many parts of the world are less reliable than for the GBR, but Ridd said it seemed that across the globe there has not been a major drop in coral cover to date. Corals grow in waters between 24°C and 32°C, and in fact often grow quicker in higher temperatures. But they dislike sudden changes in local water temperature caused by natural weather events such as El Niño oscillations. As a result they often bleach, but the evidence suggests they rapidly return to health as natural conditions become more stable. On the GBR, conditions have been testing until recently with powerful El Niños causing rapid temperatures changes, and cyclones smashing the shallow corals. For decades, scientists and their media messengers have hyped up the temporary loss of coral to secure grants and promote political causes surrounding climate Armageddon. It obviously worked – and is still working.

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White blood cells

 

 

 

 

Rotation

 

 

 

Different
https://twitter.com/i/status/1650581322640027648

 

 

 


Ospreys have vision that is well adapted to detecting underwater objects from the air. Prey is first sighted from above the water, after which the bird hovers momentarily and then plunges feet first into the water

 

 

Octopus

 

 


The Megalodon is an extinct species of shark that lived approximately 23 to 2.6 million years ago. Fossil remains suggest that it reached a maximum length of 20 meters

 

 


Secretary bird

 

 

High road
https://twitter.com/i/status/1650798507609972736

 

 

 

 

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Mar 272018
 


Paul Klee Cat 1939

 

Dow Surges 670 Points But Stock Market Is On The Brink Of A Breakdown (MW)
Trump Sends To-Do List to China on Trade (WS)
America’s State Wreck Gathers Steam Part 2 (Stockman)
Integrity Has Vanished From The West (Paul Craig Roberts)
Western Allies Expel Scores Of Russian Diplomats Over Skripal Attack (G.)
New Zealand Says It Would Expel Russian Spies … But It Can’t Find Any (G.)
Whistleblower Questions Brexit Result, Says Campaigners Broke Election Law (R.)
Brexit Referendum Campaign Accused of Breaking Spending Rules (BBG)
Theresa May Stands By Adviser Who Outed Brexit Whistleblower (G.)
Underfunded Public Pensions To Persist (R.)
Hood Ornament Buffer (Jim Kunstler)
Meeting Paris Agreement Targets Will Take Massive Cuts in Emissions (BBG)
Ultra-Thin Sun Shield Could Protect Great Barrier Reef (AFP)
Brazil Senate Considers Lifting Ban On Sugarcane Production In Amazon (G.)

 

 

What you’re watching is not real.

Dow Surges 670 Points But Stock Market Is On The Brink Of A Breakdown (MW)

The stock market surged on Monday—and it really needed to. U.S. stocks are coming off the biggest weekly decline in more than two years, and the aftermath of that drop has market technicians warning that major indexes are on the verge of a full-fledged, technical breakdown. “The extent of the deterioration in equities is very much a concern given the combination of near-term technical damage, along with the decline in longer-term momentum after having reached record overbought conditions into late January,” wrote Mark Newton at Newton Advisors, in a Monday research note. Here are some levels that the market is trying to defend or retake after last week’s withering action:

A Dow Theory sell signal was close to forming. According to MarketWatch columnist Mark Hulbert there are a number of steps, but as of Friday, the market had just to see the Dow Jones Transportation Average close below its Feb. 9 low of 10,136.61 to trigger that sell signal after the Dow Jones Industrial Average DJIA, on Friday closed below its February low. On Monday, the transports closed up 2.1% at 10,373.21.

According to data from Michael O’Rourke, chief market strategist at JonesTrading, a little more than half of Dow components were trading below their 200-day moving averages, which hadn’t happened since 2015. Meanwhile, about 50% of the S&P 500 components were trading above their 200-day moving averages, with a break below indicating “notable technical damage has been done to this market,” O’Rourke wrote.

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All obvious.

Trump Sends To-Do List to China on Trade (WS)

Negotiations – led on the US side by Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, and on the Chinese side by Liu He, a newly anointed vice premier and President Xi Jinping’s top economic adviser – about how to address the gigantic China-US trade imbalance have quietly begun, the infamous “people with knowledge of the matter” told the Wall Street Journal. On Saturday, Mnuchin called Liu, which was confirmed by the Treasury Department. A spokesman said that they “also discussed the trade deficit between our two countries and committed to continuing the dialogue to find a mutually agreeable way to reduce it.” Now Mnuchin is considering a trip to Beijing to pursue the negotiations, one of these people told the Wall Street Journal.

And last week, according to these people, Mnuchin and Lighthizer sent Liu a to-do list on trade with specific items the White House wants China to undertake, including:
• A reduction of the 25% tariffs that China imposes on US-made cars
• Increased purchases by China of US-made semiconductors. China would need to shift these purchases from Japanese and South Korean manufacturers, which aren’t going to be happy
• Reduce subsidies to state-owned enterprises
• Provide more regulatory transparency
• Ease restrictions on US companies in China, particularly requirements that they operate as joint ventures in which the US company’s ownership may be limited to 51%
• Giving US financial firms greater access to the Chinese market.

Clearly, in leaking these negotiations and the existence of this to-do list to the financial press, the White House is hoping to calm the markets, because the last thing it wants is to preside over a stock market plunge, though the stock market has all the best reasons to swoon, and the US-China trade situation isn’t needed to accomplish that.

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“Trump’s new War Cabinet of John Bolton, Mike Pompeo, Gina Haspel and Mad Dog Mattis is arguably the most interventionist, militarist, confrontationist and bellicose national security team ever..”

America’s State Wreck Gathers Steam Part 2 (Stockman)

Last week the Donald’s incipient trade war got Wall Street’s nerves jangling, but that wasn’t the half of what’s coming. To wit, Trump has now essentially formed a War Cabinet and signed a Horribus spending bill that is a warrant for fiscal meltdown. Indeed, the two essentially comprise a self-fueling doom loop which means Washington’s descent into fiscal catastrophe is well-nigh unstoppable; it’s all over except for the screaming in the bond pits. That is, Trump’s new War Cabinet of John Bolton, Mike Pompeo, Gina Haspel and Mad Dog Mattis is arguably the most interventionist, militarist, confrontationist and bellicose national security team ever assembled by a sitting President.

We cannot think of a single country that has even looked cross-eyed at Washington in recent years where one or all four of them has not threatened to drone, bomb, invade or decapitate its current ruling regime. That means Imperial Washington’s rampant War Fever owing to the Dem-left declaration of war on Russia and Putin is now about to be drastically intensified by the complete victory of the neocon-right in the Trump Administration. The result will be sharpened confrontation, if not actual outbreak of hostilities, across the full spectrum of adversaries – Iran, Russia, China, Syria and North Korea – and an escalating tempo of military operations and procurement to implement the policy.

At the same time, the Donald’s pathetic Fake Veto maneuver on Friday cemented the special interest lobbies’ absolute control over domestic appropriations. Of course, Chuckles Schumer and Nancy Pelosi crowed loudly about the $63 billion annual domestic spending increase they got in return for the Donald’s $80 billion defense add-on, but the victory was not partisan; it belonged to the Swamp creatures who suckle the politicians of both parties and own the appropriations committees lock, stock and barrel.

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TV was just a first step in creating opinions from scratch. We can do much more than that now. Will we still curtail Facebook, Google?

Integrity Has Vanished From The West (Paul Craig Roberts)

Among Western political leaders there is not an ounce of integrity or morality. The Western print and TV media is dishonest and corrupt beyond repair. Yet the Russian government persists in its fantasy of “working with Russia’s Western partners.” The only way Russia can work with crooks is to become a crook. Is that what the Russian government wants? Finian Cunningham notes the absurdity in the political and media uproar over Trump (belatedly) telephoning Putin to congratulate him on his reelection with 77% of the vote, a show of public approval that no Western political leader could possibly attain. The crazed US senator from Arizona called the person with the largest majority vote of our time “a dictator.” Yet a real blood-soaked dictator from Saudi Arabia is feted at the White House and fawned over by the president of the United States.

The Western politicians and presstitutes are morally outraged over an alleged poisoning, unsupported by any evidence, of a former spy of no consequence on orders by the president of Russia himself. These kind of insane insults thrown at the leader of the world’s most powerful military nation—and Russia is a nation, unlike the mongrel Western countries—raise the chances of nuclear Armageddon beyond the risks during the 20th century’s Cold War. The insane fools making these unsupported accusations show total disregard for all life on earth. Yet they regard themselves as the salt of the earth and as “exceptional, indispensable” people.

Think about the alleged poisoning of Skirpal by Russia. What can this be other than an orchestrated effort to demonize the president of Russia? How can the West be so outraged over the death of a former double-agent, that is, a deceptive person, and completely indifferent to the millions of peoples destroyed by the West in the 21st century alone. Where is the outrage among Western peoples over the massive deaths for which the West, acting through its Saudi agent, is responsible in Yemen? Where is the Western outrage among Western peoples over the deaths in Syria? The deaths in Libya, in Somalia, Pakistan, Ukraine, Afghanistan? Where is the outrage in the West over the constant Western interference in the internal affairs of other countries? How many times has Washington overthrown a democratically-elected government in Honduras and reinstalled a Washington puppet?

The corruption in the West extends beyond politicians, presstitutes, and an insouciant public to experts. When the ridiculous Condi Rice, national security adviser to president George W. Bush, spoke of Saddam Hussein’s non-existent weapons of mass destruction sending up a nuclear cloud over an American city, experts did not laugh her out of court. The chance of any such event was precisely zero and every expert knew it, but the corrupt experts held their tongues. If they spoke the truth, they knew that they would not get on TV, would not get a government grant, would be out of the running for a government appointment. So they accepted the absurd lie designed to justify an American invasion that destroyed a country.

Read more …

Diplomats are stationed abroad to make communication possible. This does not help.

Western Allies Expel Scores Of Russian Diplomats Over Skripal Attack (G.)

The US has ordered the expulsion of 60 Russian officials who Washington says are spies, including a dozen based at the United Nations, and told Moscow to shut down its consulate in Seattle, which would end Russian diplomatic representation on the west coast. The EU members Germany, France and Poland are each to expel four Russian diplomats with intelligence agency backgrounds. Lithuania and the Czech Republic said they would expel three, and Denmark, Italy and the Netherlands two each. Estonia, Latvia, Croatia, Finland, Hungary, Sweden and Romania each expelled one Russian. Iceland announced it would not be sending officials to the World Cup in Russia.

Ukraine, which is not an EU member, is to expel 13 Russian diplomats, while Albania, an EU candidate member, ordered the departure of two Russians from the embassy in Tirana. Macedonia, another EU candidate, expelled one Russian official. Canada announced it was expelling four diplomatic staff serving in Ottawa and Montreal who the Canadian government said were spies. A pending application from Moscow for three more diplomatic posts in Canada is being denied. Australia confirmed that it too would expel two Russian diplomats who were in the country as undeclared intelligence officers, giving them seven days to leave.

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Someone will find some for them.

New Zealand Says It Would Expel Russian Spies … But It Can’t Find Any (G.)

New Zealand’s prime minister, Jacinda Ardern, and foreign affairs minister, Winston Peters, say they would expel Russian spies from the country, if there were any. More than 100 Russian diplomats alleged to be spies in western countries have been told to return to Moscow, in response to the use of a chemical weapon in the attempted murder of Sergei Skripal, a former Russia/UK double agent, and his daughter, Yulia, in Salisbury, England on 4 March. The New Zealand government has condemned the attack and supports the international action, but says there are no such “Russian intelligence agents” in the country.

The Russian ambassador to New Zealand was summoned to a meeting “to reiterate our serious concern” over the Salisbury attack. “While other countries have announced they are expelling undeclared Russian intelligence agents, officials have advised there are no individuals here in New Zealand who fit this profile. If there were, we would have already taken action,” said Ardern. She said New Zealand will review what further action it can take to support the international community over the attack. “We remain steadfast with our international partners in our shared concern about the Salisbury nerve agent attack,” Ardern said.

Read more …

There are tw0 such whistleblowers now. Here’s no. 1:

Whistleblower Questions Brexit Result, Says Campaigners Broke Election Law (R.)

A whistleblower at the heart of a Facebook data scandal on Monday questioned the result of Britain’s 2016 Brexit referendum as his lawyers presented evidence that they said showed the main campaign for leaving the EU had broken the law. With just a year until Britain is due to leave the European Union, two whistleblowers – one from the British political consultancy Cambridge Analytica and one from the Vote Leave group – have alleged that Brexit campaigners funded their campaign illegally. By doing so, they have pulled Brexit into a scandal that has forced Mark Zuckerberg to apologise for how Facebook handled users’ data, and raised questions about how Donald Trump’s 2016 campaign employed data.

Vote Leave officials on Monday denied breaking election rules and said they were facing an attempt to undermine Brexit by smearing their reputations. The whistleblowers’ law firm, London-based Bindmans, released 53 pages of selected evidence on Monday. In a legal opinion, Bindmans said there was a prima facie case that Vote Leave broke election spending limits by donating to an allied group known as BeLeave, with which it was working closely.

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And this is no. 2:

Brexit Referendum Campaign Accused of Breaking Spending Rules (BBG)

Campaigners for Brexit may have conspired to break spending limits in the U.K.’s 2016 referendum on European Union membership, according to allegations by a whistle-blower who worked for one of the Leave groups. Vote Leave, the main pro-Brexit campaign, gave money to a smaller campaign group, BeLeave, and then helped direct how it was spent, according to a 50-page legal opinion by attorneys from London’s Matrix Chambers. The lawyer are acting on behalf of people who flagged potential violations in the campaign.

If that 625,000-pound ($889,000) donation had been included in Vote Leave’s accounts, it would have taken the group over its 7 million-pound spending limit. “It’s important that it’s the will of the people and not the bought will of the people that is expressed at the ballot box,” Tamsin Allen told reporters at a briefing Monday afternoon in London. Allen is a lawyer for Shahmir Sanni, a BeLeave campaigner who argues the rules were broken.

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No. 2 was outed as gay by his own government as revenge for being a whistleblower. His family in Pakistan has hired security.

Theresa May Stands By Adviser Who Outed Brexit Whistleblower (G.)

Theresa May has insisted her political secretary, Stephen Parkinson, “does a very good job”, as he faces mounting pressure over the outing of the Brexit whistleblower Shahmir Sanni. Sanni said he had endured one of the “most awful weekends” of his life after telling the Observer how Vote Leave channelled money through BeLeave, a group linked to Cambridge Analytica, to get around electoral law. On Friday Sanni was outed as gay by Parkinson, one of May’s closest advisers and a former Vote Leave official, with whom Sanni had a relationship during the campaign. Privately, some Conservative MPs believe Parkinson should stand down. “He’ll have to go,” said one backbencher.

The Labour MP Ben Bradshaw challenged the prime minister in the House of Commons on Monday about what Downing Street said was a “personal statement” by Parkinson. “How is it remotely acceptable that when a young whistleblower exposes compelling evidence of law-breaking by the leave campaign, implicating staff at No 10, one of those named instead of addressing the allegations issues an officially sanctioned statement outing the whistleblower as gay and thereby putting his family in Pakistan in danger?” he said. “It’s a disgrace, prime minister, you need to do something about it.”

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As sure as death and taxes.

Underfunded Public Pensions To Persist (R.)

Investment returns have been uneven and funding levels have yet to recover. Many pension funds have meanwhile attempted to boost returns by loading up on alternative investments to levels unheard of a decade earlier. “Some just cannot grow their way out of it. We have had several years of stellar (stock market) returns and it barely improved the underfunding situation,” said Mikhail Foux, municipal credit analyst at Barclays in New York. The benchmark S&P 500 U.S. stock index has tripled in the past nine years, driven in part by unprecedented zero interest rate policies and massive monetary stimulus from central banks around the globe aimed at combating the deepest recession in a generation.

But pension returns struggled to match the broad market, and recent wobbles in U.S. equities have fed fears of another downturn. “Now what happens when markets are falling 10 to 15%?” Foux asked. In 2007, a year before the crisis began, the median funded level was 92% for state retirement and 97% for local plans, according to Wilshire Funding Studies. That fell to 68% for states and 72% for local governments by 2016, the most recent data. A lower funded ratio indicates the overall soundness of a pension fund is weaker and more money is required to meet future obligations.

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Best description yet of Stormy. Big announcements and an empty interview. Presidents showing their virility makes them more popular, not less. Ask France.

Hood Ornament Buffer (Jim Kunstler)

Newsflash: President Donald J. Trump had sex with a whore twelve years ago. Let that sink into your limbic lobes, you poor, opiated, Facebook-addled, morbidly-obese, fly-over nation of lumbering, deplorable, gun-gripping, Jesus-haunted voters. A hoor! Do you hear? Wait a minute, you say. Stormy Daniels is no such thing, She’s an actress in, and director of, adult films, an auteur, if you like, at least a sex worker, toiling in the rolling mills of eros, sweating and grunting as much as any Mahoning Valley steel worker, or hood ornament buffer on the Tesla assembly line. And anyway, three times over the years she denied having sex with that man, at least once in writing, though last night on CBS’s Sixty Minutes she stated that she actually did have sex with the Golden Golem of Greatness.

In which case, she may be some kind of a lyin’ hoor… or savior of a nation yearning to cast off the loathsome rule of this odious president-by-mistake. The Sixty Minutes make-up and costume crew knocked themselves out coming up with her on-camera look Sunday night: WalMart Shopper. That reddish blouse, for instance, which did not display Stormy’s… er… assets in the usual way (i.e., an enticing fleshy slot descending into deep milky realms of mystery), but just innocently swimming around in there like a couple of frolicking dolphins confined in an above-the-ground backyard pool. Who wouldn’t want to jump in and swim with them? Maybe not the undistractible Anderson Cooper, who did ferret out many interesting particulars of that one romantic encounter: Stormy accepted Trump’s invitation for dinner… in his hotel suite. Just the two of them, ahem.

They watched a TV show about sharks. It apparently lacked aphrodisiac punch. So he showed her a magazine with his picture on the cover, perhaps to get the point across that he was a really important person in case she didn’t already know. She said she ought to take it and spank him with it. He concurred, dropped trou, and presented the rear of his tighty-whitey small-clothes to facilitate that proposal. After that ice-breaker, he said, “I really like you!” and “You remind me of my daughter” — instantly be-sliming the proceedings with overtones of incest. Stormy went to the bathroom and emerged to find Trump perched on the bed. “Here we go,” the thought popped into her head, she says. But she didn’t say “no.”

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Not going to happen. Paris was just meant to make you feel good.

Meeting Paris Agreement Targets Will Take Massive Cuts in Emissions (BBG)

Meeting the Paris accord’s temperature targets will take massive cuts to greenhouse gas emissions within 15 years, but won’t require them to be reduced to zero, according to a new study published Monday in the journal Nature Climate Change. If those targets—between 1.5 to 2ºC (2.7 to 3.6ºF)—are overshot, the consequences would likely require both drastic cuts to emissions and geoengineering efforts to remove carbon from the atmosphere, according to the paper by Katsumasa Tanaka at the National Institute for Environmental Studies in Japan and Brian O’Neill at the U.S. National Center for Atmospheric Research. “If we overshoot the temperature target, we do have to reduce emissions to zero. But that won’t be enough,” Tanaka said in a statement.

“We’ll have to go further and make emissions significantly negative to bring temperatures back down to the target by the end of the century.” Tanaka’s team began looking at both the accord’s temperature goals and requirement that countries “achieve net-zero greenhouse gas emissions in the second half of this century,” according to the statement. The scientists created scenarios that would achieve both the temperature goals and emissions guidelines. The group concluded to do so would necessitate cutting emissions 80% by 2033 to meet the 1.5 degree target or about 66% by 2060 to meet the 2 degree mark. “In both these cases, emissions could then flatten out without ever falling to zero,” according to the statement.

[..] The United Nation’s Intergovernmental Panel on Climate Change is working on a report which is expected to conclude that geoengineering will be needed to meet the 1.5 degree goal. Recognizing this difficulty, Tanaka and O’Neill looked at the possibility the targets would be missed. If the 1.5-degree mark is missed, emissions would have to fall to zero by 2070 and then be negative for the rest of the century. In the 2-degree scenario emissions would have to drop to zero by 2085 and then stay negative for a shorter period of time to get back below 2 degrees. Both scenarios would require removing carbon from that atmosphere. The researchers also looked at scenarios reducing emissions to zero by 2060 and 2100. In the first case, the temperature rose 2 degrees before declining. In the second instance, it rose above that mark by 2043 and stayed there for 100 years or more.

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Yes, of course. We’ll cover the ocean in plastic, just as we do our food. And then ourselves.

Ultra-Thin Sun Shield Could Protect Great Barrier Reef (AFP)

An ultra-fine biodegradable film some 50,000 times thinner than a human hair could be enlisted to protect the Great Barrier Reef from environmental degradation, researchers said Tuesday. The World Heritage-listed site, which attracts millions of tourists each year, is reeling from significant bouts of coral bleaching due to warming sea temperatures linked to climate change. Scientists from the Australian Institute of Marine Biology have been buoyed by test results of a floating “sun shield” made of calcium carbonate that has been shown to protect the reef from the effects of bleaching. “It’s designed to sit on the surface of the water above the corals, rather than directly on the corals, to provide an effective barrier against the sun,” Great Barrier Reef Foundation managing director Anna Marsden said.

The trials on seven different coral types found that the protective layer decreased bleaching of most species, cutting off sunlight by up to 30 percent. “It (the project) created an opportunity to test the idea that by reducing the amount of sunlight from reaching the corals in the first place, we can prevent them from becoming stressed which leads to bleaching,” Marsden said. Researchers from a breadth of disciplines contributed to the project, which was headed by the scientist who developed the country’s polymer bank notes. “In this case, we had chemical engineers and experts in polymer science working with marine ecologists and coral experts to bring this innovation to life,” Marsden said.

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Yeah, just great. The entire deterioration process of teh planet is fast accelerating.

Brazil Senate Considers Lifting Ban On Sugarcane Production In Amazon (G.)

A bill being rushed through Brazil’s senate would lift a ban on the cultivation of sugarcane for ethanol fuel in the Amazon, driving more deforestation and making it harder for the country to meet its commitments under the Paris Climate Deal. The bill, which has been roundly condemned by environmentalists, companies and even Brazil’s union of sugarcane producers (UNICA), marks the latest move by a conservative congress to unravel Amazon protections. Five former environment ministers have also criticised it. “This is another setback that should not thrive,” said one, José Carvalho. Under a 2009 decree, sugar cane production is not allowed in the Amazon biome.

Allowing the highly-profitable crop to be raised on deforested land in the region would push out other crops and encourage more deforestation, said Marcio Astrini, public policy coordinator for Greenpeace in Brazil. It could be “one of the biggest disasters for the forest,” he said. The bill was first introduced in 2011 by Flexa Ribeiro, a senator for the centre-right Brazilian Social Democratic party in the Amazon state of Pará, and suddenly put up for a vote on Tuesday afternoon. It would allow ethanol production on vaguely-defined areas of Amazon land, including “altered areas” and “general land”. If approved on Tuesday and given presidential sanction, it could become law. Brazil’s ethanol fuel is seen as a clean fuel alternative to gasoline by millions of motorists. According to UNICA, 27m cars in Brazil, 73% of the total can use either gasoline or ethanol, as can 4m motorbikes.

Read more …

Mar 222015
 
 March 22, 2015  Posted by at 8:06 am Finance Tagged with: , , , , , , , , ,  6 Responses »


Jack Delano “Untitled” 1940

We’re All Hedge Funds Now (John Rubino)
Why Has Germany Bailed Out A Tiny Bank? (Coppola)
The Perfect Storm For Oil Hits In Two Months (Zero Hedge)
The ‘Natural Interest Rate’ Is Always Positive And Cannot Be Negative (Mises)
The Federal Reserve Bank Must Be Destroyed! (Patrick Barron)
We’re Much Worse Off Than Just Before The Last Economic Crisis (Michael Snyder)
Draghi To Go To Italian Committee But Not Irish Bank Inquiry (Irish Times)
China To Curb Risks From Short-Term Local Debt (Reuters)
Why Do American Weapons End Up In Our Enemies’ Hands? (Ron Paul)
Nazi Extortion: Study Sheds New Light on Forced Greek Loans (Spiegel)
Michael Hudson: Europe Tilts East Towards China (NC/TRRN)
Abe-Kuroda Honeymoon Soured By Fiscal Friction (Reuters)
‘Abandoned’ French Working Class Ready To Punish Left, Vote Le Pen (Guardian)
The Idea of “Basic Income” Takes Root (CP)
Wild Anti-Austerity Strike in Québec (Printemps2015.org)
Moral Hazard: Ukraine New Spy Law Designed As Provocation (RT/RonPaul Inst.)
Russia Urges Germany, France To Safeguard Peace In Ukraine (Reuters)
France Decrees New Rooftops Must Be Covered In Plants Or Solar Panels (Guardian)
Africa Is Centre Of A ‘Wildlife War’ That The World Is Losing (Observer)
Australia PM Tony Abbott Unveils Plan To Save Great Barrier Reef (Guardian)
The Global Extraction Industry: Plunder, Violence And Corruption (Observer)

“Will this time around be any different? Definitely. It will be much worse because the numbers are so much bigger.”

We’re All Hedge Funds Now (John Rubino)

As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining choices. Retirees who need to generate 6% to avoid dipping into principal can’t get there with bank CDs. Pension funds that have promised an 8% return in order to meet obligations to future retirees can’t get anywhere near that with government bonds. Same thing for insurance companies and money market funds, whose business models require positive returns with low risk. What to do? Well, a retiree can either stop being a retiree — that is, go back to work — or invest a lot more aggressively to meet the required 6% return.

That means loading up on equities and junk bonds, either blithely because she doesn’t know what they are (only that they’ve been going up) or with trepidation because she’s aware that every five or so years these things tend to crash. For public companies, building new factories no longer pays as well as borrowing money and using the proceeds to buy back their own common stock. Pension funds, meanwhile, have more options though the end result is the same. They can, like our hypothetical retiree, load up on equities, as Japanese pension funds are reportedly doing…[..] …or they can wander even further into the “alternative” investing universe by hiring hedge funds to generate “alpha.”[..]

In the world of aggressive investing, retirees, corporations and pensions funds are all “dumb money.” They don’t do this kind of thing regularly so they have no institutional or personal experience to draw upon. The result, for pension funds and retirees, is the quintessential beginner strategy of trend following, buying what was hot last year because that’s where the biggest returns are being generated, while public companies are being even dumber, buying stocks on margin (i.e., with borrowed money) without regard for valuation. Similar things happened during the previous bubble, when individuals became real estate speculators, pension funds embraced alternative investments, and corporations ramped up their share repurchase programs. All got creamed in 2008. Will this time around be any different? Definitely. It will be much worse because the numbers are so much bigger.

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Moral hazard?!

Why Has Germany Bailed Out A Tiny Bank? (Coppola)

The first German bank has died from Austrian contagion. Duesseldorfer Hypothekenbank (“Duesselhyp”), a tiny mortgage lender, has been seized by the Bundesverband Deutsche Banken (BDB), Germany’s association of private banks. According to Reuters, The BDB had hammered out a deal over the weekend with financial market watchdog Bafin, the Bundesbank and resolution authority FMSA to provide a guarantee for DuesselHyp’s holdings of around 350 million euros ($370 million) in Heta bonds that are subject to a debt moratorium imposed by Austrian financial regulators.Duesselhyp’s core tier1 (CT1) capital of €233m was not enough to allow it to continue trading after the expected 50% haircut on its holdings of senior unsecured HAA/Heta bonds.

Under German law, Lone Star, the private equity group that owned Duesselhyp, was not obliged to contribute more capital, and the planned sale of Duesselhyp to Attestor Capital could not proceed. The BDB’s seizure of Duesselhyp is therefore understandable: the alternative was disorderly collapse.But it is not immediately clear why the BDB opted to bail out Duesselhyp rather than forcing bail-in of its creditors. After all, Germany has already adopted the European Bank Resolution & Recovery Directive (EBRRD). True, Duesselhyp is tiny: bailing it out could be done entirely from existing funding without recourse to taxpayers. But bailing out a tiny, over-leveraged and under-capitalized bank seems contrary to the spirit if not the law of the EBRRD. So why did the BDB do it?

The reason is the nature of Duesselhyp’s liabilities. Duesselhyp is an issuer of Pfandbriefe, the super-safe covered bonds that are the bedrock of the German financial system. A look at Duesselhyp’s 2014 interim balance sheet shows that Pfandbriefe backed by public sector loans are by far the largest proportion of Duesselhyp’s liabilities: it has issued a rather smaller number of mortgage Pfandbriefe too. The remainder of Duesselhyp’s liabilities are institutional deposits (it has no retail deposits), which are covered by unlimited guarantees from the German deposit fund. In short, almost all of Duesselhyp’s liabilities are covered by explicit or implicit German government guarantees.

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Storage issue once more.

The Perfect Storm For Oil Hits In Two Months (Zero Hedge)

This is what we said back in early March when the BTFDers were hoping WTI in the low $40s would never again be seen: “Come June, when all available on-land storage is exhausted, each incremental barrel will have to be dumped on the market forcing prices lower and inflicting further pain on the entire US shale complex (just as Q1 results are released which will invariably show huge writedowns as companies will no longer be able to hide behind the SEC-mandated accounting trick that made Q4 results appear respectable).”

Since then, as expected, crude tumbled to new post-Lehman lows, confirming the global deflationary wave is raging (for more details please see China), and WTI only posted a rebound on quad-witching Friday as another algo-driven stop hunt spooked all those who were short the energy complex. The problem is that despite the latest “dead oil bounce” we have since had to revise our forecast for full US oil storage, and pulled forward the date when this will happen in the aftermath of the latest API inventory data. Recall that earlier this week API reported, and EIA later confirmed, that for the 10th week in a row there was a “massive 10.5 million barrels (far bigger than the 3.1 million barrel expectation) and a 3 million barrel build at Cushing. If this holds for DOE data tomorrow (and worryingly API has tended to underestimate the build in recent weeks) it will be the biggest weekly build since 2001.”

It also means that at the current rate of record oil production, storage will be exhausted in under two months, some time in mid-May. At that point, with no more storage to buffer the record oil production, the open market dumping begins and prices of WTI will crater as every barrel will have to be sold at any clearing price, since the producers will have no other choice than to, literally, dump the oil. In other words, a perfect storm is shaping up for oil some time in late May, early June.

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Amen.

The ‘Natural Interest Rate’ Is Always Positive And Cannot Be Negative (Mises)

Some economists have been arguing that the “equilibrium real interest rate” (that is the “natural interest rate” or the “originary interest rate”) has become negative, as a “secular stagnation” has allegedly caused a “savings glut.” The idea is that savings exceed investment, and that a negative real interest rate is required for bringing savings in line with investment. From the viewpoint of the Austrian school, the notion of a “negative equilibrium real interest rate” doesn’t make sense at all. To show this, let us develop the case step by step. To start with, one should make a distinction between two types of interest rates: There is the market interest rate, and there is the originary interest rate. The market interest rate is the outcome of the supply of and demand for savings in the market place.

It can be observed, for instance, in the deposit, bond, or loan market for different maturities and credit qualities. The originary interest rate is a category of human action, saying that acting man values goods available at present more highly than goods available in the future. In other words: Future goods trade at a price discount relative to present goods. For instance, 1 US$ available today is preferred over 1 US$ available in one year’s time. If 1 US$ to be received in one year’s time is valued at, say, 0.909 US$, the originary rate of interest is 10%. (1 US$ divided by 0.909 minus 1 gives you 0.10, or 10%, for that matter.) 10% is here the originary interest rate (disregarding any other premia). The originary interest rate is expressive of a value differential, which results from so-called time-preference.

The term time-preference denotes that acting man prefers an earlier satisfaction of wants over a later satisfaction of wants. Time-preference is always and everywhere positive, and so is the originary interest rate. This is, first and foremost, what common sense would tell us. If the originary interest rate was near-zero, it means that you prefer two apples available in, say, 1,000 years over one apple available today. A truly zero originary interest rate implies that the actor’s planning horizon or “period of provision” is infinitely long, which is another way of saying that he would never act at all but would continually push the attainment of his goals into the future. The notion that time-preference and the originary interest rate could be zero, does not only sound absurd, it is also a logical impossibility: Positive time-preference and a positive originary interest rate are logically implied in the irrefutably true “axiom of human action.”

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“Note that there is nothing that a central bank could provide that could not be provided by another private bank.”

The Federal Reserve Bank Must Be Destroyed! (Patrick Barron)

The Fed was founded under false economic premises–to prevent bank runs by providing temporary liquidity to banks which found themselves unable to redeem their certificates and demand deposits for cash and/or specie. The real cause of illiquid banks–fractional reserve banking–was never seriously addressed. It was assumed that banks had the legal right to invest their customers’ demand funds in loans and that runs were caused by over indulging in this practice. But as Murray N. Rothbard explain in What Has Government Done to Our Money?, loaning demand funds instantly places the bank in an insolvent position, for it cannot redeem all of its demand accounts for cash or specie.

Through the process of lending demand funds, the banks have created fiduciary media out of thin air, reducing their reserve ratio below one hundred percent. If the banks do this on a very modest basis, the public may not be aware of the fraud. However, once the rumor starts that the bank is illiquid, there is a literal “run” to the bank to withdraw demand funds. In such a case, even a bank that only modestly lent its demand funds might find itself unable to honor all withdrawal claims and would be forced to close its doors. (NOTE: Central Banking was established to legitimize counterfeiting fraud, aka – Fractional Reserve Banking) The Federal Reserve Bank, as the lender of last resort, was supposed to prevent such occurrences by providing temporary, penalty rate loans to struggling banks.

Note that there is nothing that a central bank could provide that could not be provided by another private bank. In fact the banking panic of 1907 was stemmed by private bank interventions led by J. P. Morgan. However, Morgan realized that such private bailouts were very risky and presented a case of moral hazard; i.e., that bankers, confident of a bailout by the Morgan banking empire, might book riskier, higher yielding loans. So rather than face the real cause of banking crises and lobby to outlaw fractional reserve banking, the Morgans, Rockefellers, etc.–who did not want to forego the financial benefits of lending demand deposits–lobbied instead for government to create a lender of last resort, a central bank, which we named the Federal Reserve Bank.

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Good graphs. Pity Michael doesn’t understand inflation.

We’re Much Worse Off Than Just Before The Last Economic Crisis (Michael Snyder)

If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis. If you go back to 2007, people were feeling really good about things. Houses were being flipped like crazy, the stock market was booming and unemployment was relatively low. But then the financial crisis of 2008 struck, and for a while it felt like the world was coming to an end. Of course it didn’t come to an end – it was just the first wave of our problems.

The waves that come next are going to be the ones that really wipe us out. Unfortunately, because we have experienced a few years of relative stability, many Americans have become convinced that Barack Obama, Janet Yellen and the rest of the folks in Washington D.C. have fixed whatever problems caused the last crisis. Even though all of the numbers are screaming otherwise, there are millions upon millions of people out there that truly believe that everything is going to be okay somehow. We never seem to learn from the past, and when this next economic downturn strikes it is going to do an astonishing amount of damage because we are already in a significantly weakened state from the last one.

For each of the charts that I am about to share with you, I want you to focus on the last shaded gray bar on each chart which represents the last recession. As you will see, our economic problems are significantly worse than they were just before the financial crisis of 2008. That means that we are far less equipped to handle a major economic crisis than we were the last time.

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Don’t insult the Irish!

Draghi To Go To Italian Committee But Not Irish Bank Inquiry (Irish Times)

The ECB is holding to its position that its president, Mario Draghi, will not go before the Oireachtas banking inquiry in spite of the fact that he will appear at certain committees of the Italian parliament on March 26th. In a statement released to The Irish Times on foot of a question as to why Mr Draghi will not attend the Irish inquiry but will address committees of the Italian parliament, a spokesman said: “The ECB as a European institution is primarily held to account by the European Parliament as the representation of all the union’s citizens. “Therefore, it does not participate in national parliamentary inquiries and will not take part in the proceedings of the inquiry committee of the Irish parliament.”

It added: “Nevertheless, in line with past practice of interaction between the ECB and national parliaments, the ECB is ready to take part in an informal exchange of views on matters within the remit of the ECB’s mandate with the relevant committees of the Irish parliament.” The spokesman reiterated that deputy president Vítor Constâncio “stands ready” to represent the ECB in “such an exchange of views”, adding he was well placed to do so by being the longest-serving member of the executive board who also attended the relevant Eurogroup/Ecofin meetings during the Irish financial crisis. The ECB president has also appeared before committees of the German, French and Spanish parliaments and the ECB spokesman said Mr Draghi would address the budget, finance and European affairs committees of the Italian parliament later this month.

Irish MEP Brian Hayes said it was “totally unsatisfactory” Mr Draghi was not willing to appear before the banking inquiry but addresses national parliaments in certain situations. Inquiry committee member John Paul Phelan wants the ECB to clarify its position: “We know Mr Draghi already attended a German parliamentary finance committee in late October 2012. It now appears he is attending a similar committee in Italy. The ECB needs to clarify its position. On the one hand it says it is not accountable to member state parliaments and so the ECB won’t attend our inquiry. “But without explanation the president of the ECB appears willing to attend Italy’s parliamentary finance committee.”

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They’re going to try and buy out the shadow system?

China To Curb Risks From Short-Term Local Debt (Reuters)

China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country’s vice finance minister, Zhu Guangyao, said on Saturday. On March 8, the ministry announced local governments would be permitted to swap 1 trillion yuan ($161.2 billion) of maturing, high-interest local debt for new official municipal or provincial bonds, to help cut interest costs. Zhu said local governments were burdened by piles of short-term debt, including that raised through trust products. “In accordance with the State Council’s plans, we will turn such short-term financing into long-term financing, and the size for 2015 is 1 trillion yuan,” Zhu told an international conference on China’s development attended by government officials, business leaders and academics. “This will help reduce the funding costs and reduce risks.”

But the authorities must prevent the problem of “moral hazard” in the process, he said, without elaborating. The government will keep economic growth stable this year while pushing forward financial and fiscal reforms, Zhu added. China has been trying to reduce excess factory capacity, local government debt and risks from a cooling property market, which are likely to drag growth to a quarter-century low of around 7% this year from 7.4% in 2014. “The pre-condition for our deleveraging is to maintain relatively stable economic growth,” Zhu said. The central bank has cut interest rates twice since November, on top of a cut in bank reserve requirements in February, amid concerns about growing deflationary risks, and more such moves are expected. In addition, the government plans to run its biggest budget deficit in 2015 since the global crisis to support spending.

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By design?

Why Do American Weapons End Up In Our Enemies’ Hands? (Ron Paul)

It happens so often you wonder whether it is due to total ineptness or a deliberate policy to undermine our efforts overseas. It’s most likely a result of corruption and unintended consequences, combined with a foreign policy that makes it impossible to determine who are our friends are and who are our enemies. One would think that so many failures in arming others to do our bidding in our effort to control an empire would awaken our leaders and the American people and prompt policy changes.

A recent headline in Mother Jones read: “US Weapons Have A Nasty Habit of Going AWOL.” The report was about $500 million worth of military equipment that is unaccounted for in Yemen. Just as in so many other places, our policy of provoking civil strife in Yemen has been a complete failure. At one time it was announced that there was a great victory in a war being won with drones assisting groups that claimed to be on our side in the Yemen Civil War. As usual, we could have expected that these weapons would end up in the hands of the militants not on the side of United States and would never be accounted for.

There are numerous examples of how our foreign intervention backfires and actually helps the enemy. Just recently a headline announced: “CIA cash sometimes refills al-Qaeda coffers.” This was a story of our government helping pay ransom to al-Qaeda for the release an Afghan diplomat. However this was a measly $5 million so it was not considered a big deal. Another headline just recently announced that, “Iraqi army downs two UK planes carrying weapons for ISIL.” The Iraqi army is supposed to be on our side, and many people believe the UK is also on our side as well. One thing for sure the American taxpayer pays for all this nonsense.

Building weapons and seeing them end up in the hands of the enemy is almost a routine event and one should expect it to continue to happen under the circumstances of the chaos in the Middle East. This represents a cost to the American taxpayer and is obviously a major contributing factor in what will be the ultimate failure of our plan to remake the Middle East. This is bad enough, and the only people who seem to benefit from it are those who are earning profits in the military-industrial complex. But there is something every bit as bad as our weapons ending up in the hands of the jihadists and being used against us. That is, the fact that our presence there, our weapons, and our bombs, are the best recruiting tool for getting individuals to join the fight against America’s presence in so many conflicts around the world.

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See Looks Like Germany May Have To Pay Up .

Nazi Extortion: Study Sheds New Light on Forced Greek Loans (Spiegel)

Last week in Greek parliament, Greek Prime Minister Alexis Tsipras demanded German reparations payments, indirectly linking them to the current situation in Greece. “After the reunification of Germany in 1990, the legal and political conditions were created for this issue to be solved,” Tsipras said. “But since then, German governments chose silence, legal tricks and delay. And I wonder, because there is a lot of talk at the European level these days about moral issues: Is this stance moral?” Tspiras was essentially countering German allegations that Greece lives beyond its means with the biggest counteraccusation possible: German guilt. Leaving aside the connection drawn by Tsipras, which many consider to be inappropriate, there are many arguments to support the Greek view. SPIEGEL itself reported in February that former Chancellor Helmut Kohl used tricks in 1990 in order to avoid having to pay reparations.

A study conducted by the Greek Finance Ministry, commissioned way back in 2012 by a previous government, has now been completed and contains new facts. The 194-page document has been obtained by SPIEGEL. The central question in the report is that of forced loans the Nazi occupiers extorted from the Greek central bank beginning in 1941. Should requests for repayment of those loans be classified as reparation demands – demands that may have been forfeited with the Two-Plus-Four Treaty of 1990? Or is it a genuine loan that must be paid back? The expert commission analyzed contracts and agreements from the time of the occupation as well as receipts, remittance slips and bank statements.

They found that the forced loans do not fit into the category of classical war reparations. The commission calculated the outstanding German “debt” to the Greek central bank and came to a total sum of $12.8 billion as of December 2014, which would amount to about €11 billion. As such, at issue between Germany and Greece is no longer just the question as to whether the 115 million deutsche marks paid to the Greek government from 1961 onwards for its peoples’ suffering during the occupation sufficed as legal compensation for the massacres like those in the villages of Distomo and Kalavrita. Now the key issue is whether the successor to the German Reich, the Federal Republic of Germany, is responsible for paying back loans extorted by the Nazi occupiers. There’s some evidence to indicate that this may be the case.

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Must read/Listen. “..the funding of the World Bank has mainly been to fund infrastructure developments, vastly overpriced, to Third World countries to create money for American engineering firms; also to lend out dollars and to indebt countries to it..”

Michael Hudson: Europe Tilts East Towards China (NC/TRRN)

Real News Network: So, Michael, let’s begin with the Asian Infrastructure Investment Bank. The Chinese have established this bank with a $50 billion investment. Now, is this then a serious challenge to the World Bank?

HUDSON: Well, the idea is to make an alternative development philosophy to the World Bank. From the very beginning, the World Bank has been basically an extension of the U.S. Defense Department, from the first president, John J. McCloy, who is assistant secretary of defense, down through Robert McNamara, 1968 to ’81, and then by the neocon cold warrior Paul Wolfowitz, 2005 to ’07, and Larry Summers, the chief economist, along with Bob Zoellick. So you have the purpose of the World Bank lending essentially for plantation export crops, for export crops to make countries avoid producing anything that might compete with American exports, above all grain, although every single mission of the World Bank, country mission, has recommended that countries undertake land reform and agricultural extension to help promote family farming and countries to feed themselves. The World Bank has not made loans for this.

The World Bank, under U.S. congressional pressure, has said, look, we’re not going to finance countries becoming independent of the United States; our function is to make them export more to the United States and to buy from the United States. So the funding of the World Bank has mainly been to fund infrastructure developments, vastly overpriced, to Third World countries to create money for American engineering firms; also to lend out dollars and to indebt countries to it; and worst of all, to promote privatization. And that’s really the big difference between the Chinese Development Bank’s philosophy and the World Bank.

The World Bank is pressured everywhere for privatization of public utilities, of basic infrastructure, and then it will make loans to the governments to develop this infrastructure or the roads and the external economies, and then sell them cheap to American buyers, who essentially will create monopolies and turn infrastructure into a rent extraction to squeeze out interest, dividends, management fees that are all going to be paid to the Americans. And this has been raising the price of basic utilities–communications, transportation, water, and other things throughout the Third World.

And this has made these economies uncompetitive with the United States that has a mixed economy where the government subsidizes infrastructure. So the Chinese Development Bank is to help make other countries get independent of this sort of neocon, neoliberal, right-wing economic philosophy and work government-to-government, help governments develop infrastructure, so that they can provide basic services at a lower cost or a subsidized cost, or even freely to the populations. That’s how the European countries and American economy got rich. And the only way to help repeat this process is to make a clean break from the United States and the World Bank.

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Abenomics has been a failure from day one. Is the blame game finally taking off?

Abe-Kuroda Honeymoon Soured By Fiscal Friction (Reuters)

A rift is emerging between Prime Minister Shinzo Abe and his hand-picked central bank boss on how to fix Japan’s tattered finances, which could blunt the impact of the “Abenomics” stimulus policies they have worked together to prosecute. Two years into Bank of Japan Governor Haruhiko Kuroda’s tenure, the cracks are becoming hard to conceal and could affect the timing of any further monetary easing and an eventual end to the massive money-printing program he set in train. Their differences over fiscal policy needed to cut Japan’s staggering public debt, which at 230% of GDP is twice the U.S. figure and about 50 points higher than perilous Greece, have so far been masked by their shared determination to end deflation.

The perception of common purpose is critical to giving businesses, markets and consumers the confidence to change behavior and ensure that the stimulus measures and inflation targets are effective. But the mask began to slip last year when Abe decided to delay a sales tax hike, making Japan’s primary fiscal goal harder to achieve. “The honeymoon days are over,” said Izuru Kato, chief economist at Totan Research. “Kuroda must be frustrated over a lack of progress in structural reform and fiscal consolidation.” A former finance ministry bureaucrat, Kuroda feels Japan cannot afford to delay tax hikes and spending cuts given its dire fiscal state, while Abe prefers to focus more on boosting growth to raise tax revenues.

Last month a key policy panel run by Abe’s right-hand man, Economics Minister Akira Amari, began debating proposals that could water down Japan’s fiscal target of returning to a primary budget surplus, excluding debt servicing costs and income from bond sales, in fiscal 2020. Abe has not resiled from that target, but the panel is laying the ground for him to add other goals that give him more wiggle-room on spending, government officials say.

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Too late to stop this. Hollande has turned into Tony Blair.

‘Abandoned’ French Working Class Ready To Punish Left, Vote Le Pen (Guardian)

At an election meeting just days before France’s regional elections, a Japanese journalist asked Marine Le Pen a question: why was her far-right Front National party tipped to do so well? Polls suggest that the FN vote will reach unprecedented levels, with up to 30% of the vote, just ahead of the opposition Union for a Popular Movement (UMP) party and leaving the ruling Socialist party trailing. “The Front National is alone against everyone. The French people have realised for some time now that the Front National’s analysis is right, and the other political parties have failed,” Le Pen responded. The FN had gone from “a party of opposition … to a movement of government” by addressing “the economy, immigration and Islamic fundamentalism”, she added. From Le Pen, a damning analysis of this type might be expected.

But from a member of the leftwing commentariat? A new “state of the nation” tome, L’Insécurité culturelle, by analyst Laurent Bouvet, has caused a storm in Paris salons by suggesting that the country’s working class is ready to vote FN in droves because it has been abandoned by the left and deceived by the country’s Socialist government. Bouvet accuses the left of sparking an identity crisis – “cultural insecurity” – among its core blue-collar electorate, by almost exclusively focusing on the problems of minority groups instead of French society as a whole. This has left the workers feeling cast adrift and alienated, he says. “The economic crisis, unemployment, social problems, globalisation make people afraid, but if it was just about economics we would see these people voting for the radical left, which they are not,” Bouvet told the Observer.

Bouvet is a political science professor and member of the leftwing thinktank the Jean Jaurès Foundation, which advises the Socialist party (PS) and aims to “promote the study of workers’ movements and international socialism and promote democratic and humanist ideas”. He says his latest, decidedly politically incorrect, message is one the left does not want to hear. Bouvet says PC blinkers have prevented the Socialists from addressing working-class anxieties about immigration and the rise of Islam – even in its moderate form – in areas where the so-called Français de souche (born-and-bred French) find themselves outnumbered by those with a different religion and cultural habits. Branded les petits blancs (white trash), and accused of racism or patronised if they express their fears, they have turned en masse to the FN, he says.

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Always a good discussion.

The Idea of “Basic Income” Takes Root (CP)

After years of having relatively few supporters, the idea of Basic Income is now spreading around the world. In Spain – probably “the place on Earth where the debate around Basic Income is most advanced” – after five years of public spending cuts, depressed demand, record unemployment, burgeoning poverty, and a growing public debt now at around 100% of GDP, and after twenty years of discussion in universities, grassroots movements and social networks, Basic Income is finally going mainstream.

Although the new game-changing left-wing political party Podemos has temporarily retreated from its initial Basic Income proposal in favour of “full employment” (more fitting, perhaps, for the welfare states of the 1940s, 1950s, and 1960s), many party members are Basic Income stalwarts. Other political organisations now proposing it include Equo, Pirata and Bildu (a coalition in the Basque Country) and, in Galicia, Anova, while still more small parties have projects which, while not strictly a Basic Income, come close.

A recent number of the Basic Income Earth Network newsletter gives an idea of the worldwide spread of different versions of Basic Income. In Greece the new ruling party Syriza has declared its aim to establish “a closer link between pension contribution and income… and provide targeted assistance to employees between 50 and 65, including through a Guaranteed Basic Income scheme so as to eliminate the social and political pressure of early retirement which over-burdens the pension funds”. In Finland, 65.5% of 1,642 (out of nearly 2,000) candidates for the parliamentary elections on 19 April publicly support the policy. Cyprus has passed a new law giving low income families a Guaranteed Minimum Income of €480 a month.

In 2013, a grassroots movement in Switzerland called for a Basic Income of 2,500 Swiss francs per month and received over 100,000 signatures needed to force a referendum on the proposal. 90% of the members of Hungary’s Green-Left party Párbeszéd Magyarországért (“Dialogue for Hungary”) have voted for a Basic Income to which all citizens would be entitled, €80 per month for children, €160 for adults and €240 for young mothers. The poverty line in Hungary is estimated at around €200 for a single adult. In Portugal, where Basic Income is relatively unknown and misunderstood, the political party LIVRE has included Basic Income in its draft political programme for the autumn elections this year. Now recognising that inequality and social justice are also “green” issues, the fast-growing Green Party of England and Wales has announced that a Basic Income will be included in its manifesto.

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Announcement from my old stomping grouds for the coming week. Québec has a long history of standing up for the poor, since the French were held down for centuries.

Wild Anti-Austerity Strike in Québec (Printemps2015.org)

Like wolves, humans act collectively and form groups in order to survive and defend our common interests. The idea of community is closely related to survival in the face of adversity and to the well being of society. The preservation of our habitat, of our social rights, and of our future depends on solidarity. Acting together in large numbers makes it much easier to defend our rights and our collective needs. That’s why we propose the creation of an alternative to the isolation and individualism pervasive in society by choosing collective action against the aggressive attacks of governments on our collective wellbeing. Both federal and provincial governments are engaged in attacks on the population.

They now demand that we pay more at the same as they are wantonly slashing everywhere: education and health systems, scientific research, pension funds, the environment, social and community programs, housing, arts and culture, union rights… Faced with the bewildering rate at which cuts and austerity measures are announced, action is urgently needed. The Spring 2015 committee calls for a push towards social change, starting this spring. We envision concrete resistance to austerity uniting students, workers, and society as a whole taking root in Québec. While they reach for the last pennies in our pockets, federal and provincial governments increase military spending, invest in prisons, police, and security measures, and roll out the red carpet for the extractive industries.

People with friends in high places, the rich, large companies, multinationals, banks and lobbying firms are running the show. A small minority is strangling the community. If the interests of the majority do not orient the actions and priorities of the government, it is illusory to continue to speak of this as a democracy. In a just and equitable society, wealth should not be accumulated at the expense of our environment and should be fairly redistributed amongst all. Indigenous peoples, Québecers, and Canadians are neither represented nor respected by governments who do not defend their rights. We will amplify popular discontent and launch a WILD STRIKE.

We call for the pillaging of society to be resisted with a general strike! Let’s disrupt this failed economic order which relegates the interests of society to the bottom of the list. An inclusive strike, a strike by any means: the closure of schools and offices, and cities at a standstill until each and every one of us receives what we are collectively owed. We demand that governments stop privatisation and the sabotage of the common good, end the destruction of the environment, and cease to only favour the rich! Otherwise, we’ll bite. This spring, block austerity! The Spring 2015 committees aim to facilitate the organisation of effective struggles for collective and environmental rights. Everywhere across Québec, let’s join together to massively refuse the ideological project of austerity.

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“..they feel they have the US particularly and the West in general behind them. So they feel they can engage in every moral reckless behavior because there are no consequences..”

Moral Hazard: Ukraine New Spy Law Designed As Provocation (RT/RonPaul Inst.)

If a Ukrainian draft law on intelligence comes into force, we might start seeing assassinations, bomb blasts, and psychological attacks in the Donbass region, says Daniel McAdams of the Ron Paul Institute. Ukraine’s parliament has passed a law allowing its intelligence units to carry out military operations in eastern Ukraine. If the President Petro Poroshenko signs the law, it would allow special services to infiltrate and operate in the self-proclaimed Donetsk and Lugansk republics.

RT: How does this current move from Kiev correlate with the current peace process in east Ukraine?
Daniel McAdams: I think it’s a provocation and it is designed to be a provocation. The goal is stated clearly from Kiev and it’s echoed in Washington, and to a degree in Berlin, as well, which is that Ukraine needs to be whole again—that is the point they are making including eastern Ukraine and even Crimea. So it is meant to be a provocation. The problem is the government in Kiev is operating with what in finance circles is called “moral hazard”—they feel they have the US particularly and the West in general behind them. So they feel they can engage in every moral reckless behavior because there are no consequences to the actions that they take. But if it does pass, I think it may give us some information, some indication as to what all of the visits from the CIA director to Kiev over the past year and a half were all about. And then we can probably start seeing things like assassinations in Donetsk and Lugansk, bombs going off, provocations, psychological operations. I think it opens the whole can of worms.

RT: The parliament in Kiev also voted on a bill branding some territories in the east as ‘occupied’ including Crimea. What is Kiev trying to achieve here?
DM: Because they can get away with it. The law on autonomy now is going to be granted only after elections take place under Kiev’s rules and laws which definitely goes against the Minsk agreements. They will be supervised by the OSCE which has hardly shown itself to be objective in this case. You’re basically having a de facto taking over of these regions all over again.

RT: What reaction are we expecting internationally, especially from France and Germany who are part of the Normandy Four?
DM: I don’t think they are going to do that much because they have not been willing to speak up and to reprimand their clients in Kiev so far. Yesterday, President Obama had a talk with Chancellor Merkel. And at least, according to the White House’s reading of the conversation, they are in complete agreement about retaining the sanctions on Russia and that the Minsk agreements needed to be fully implemented. So they are simply interpreting the Minsk agreement to suit their ultimate goal, which is the bringing of the regions of the east back under Kiev’s control.

RT: Do you think Washington and Europe are united on this objective?
DM: I wouldn’t say necessarily united but I think over the past year or so we’ve seen that Germany is ready to break. But aside from whisperers in the German intelligence community that basically half of the US generals are bonkers, there has been no real indication that Germany is ready to break. So I think reluctantly they are going along.

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“.. Lavrov said he was concerned Kiev might stage “provocations” to try to persuade the United States that it should aid Kiev by sending it lethal weapons.” He should be.

Russia Urges Germany, France To Safeguard Peace In Ukraine (Reuters)

Russia appealed to Germany and France on Saturday to ensure Kiev does not try to incite violence in east Ukraine to encourage the United States to send Ukrainian forces lethal weapons. Paris and Berlin helped mediate a peace deal in the Belarussian capital Minsk on Feb. 12 to try to end fighting between government forces and pro-Russian separatists in eastern Ukraine but the truce remains fragile. In an interview with Russian television, Russian Foreign Minister Sergei Lavrov said he was concerned Kiev might stage “provocations” to try to persuade the United States that it should aid Kiev by sending it lethal weapons.

“Provocateurs in Kiev … could try to ‘whip something up’ in the expectation that this will influence the world public and weapons will flow into Ukraine,” he told the new program Vesti on Saturday with Sergei Brilev. “I am convinced that Berlin and Paris, as the most important players …, should prevent such a turn of events.” Lavrov also repeated Russia’s opposition to United Nations peacekeepers being sent to the east.

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Makes sense.

France Decrees New Rooftops Must Be Covered In Plants Or Solar Panels (Guardian)

Rooftops on new buildings built in commercial zones in France must either be partially covered in plants or solar panels, under a law approved on Thursday. Green roofs have an isolating effect, helping reduce the amount of energy needed to heat a building in winter and cool it in summer. They also retain rainwater, thus helping reduce problems with runoff, while favouring biodiversity and giving birds a place to nest in the urban jungle, ecologists say.

The law approved by parliament was more limited in scope than initial calls by French environmental activists to make green roofs that cover the entire surface mandatory on all new buildings. The Socialist government convinced activists to limit the scope of the law to commercial buildings.The law was also made less onerous for businesses by requiring only part of the roof to be covered with plants, and giving them the choice of installing solar panels to generate electricity instead. Green roofs are popular in Germany and Australia, and Canada’s city of Toronto adopted a by-law in 2009 mandating them in industrial and residential buildings.

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Only the death penalty for all involved will help. Hunters, traders, buyers, the whole lot. No mercy.

Africa Is Centre Of A ‘Wildlife War’ That The World Is Losing (Observer)

The northern white rhino is heading the way of the dinosaurs. With only five left on Earth – three in Kenya, one in America, and one in the Czech Republic – extinction is now inevitable. It survived for millions of years, but could not survive mankind. This is just one subspecies, but soon the planet’s remaining 28,500 rhinos could be under threat from the illegal wildlife trade. Worth up to £12bn a year, it has joined drugs, arms and human trafficking as one of the world’s biggest crime rackets. Ground zero in this “wildlife war” is Africa, and the conservationists are losing as animals are slaughtered on an industrial scale to meet demand for horn and ivory in newly affluent Asian countries.

Urgent solutions will be debated this week in Kasane, Botswana, as politicians and environmentalists gather for a follow-up to last year’s much-trumpeted London conference on the crisis. Hosted by the British government and Princes Charles, William and Harry, 46 countries signed up to a “London declaration” that promised to address corruption, adopt legislation for tougher penalties against poachers and recruit more law enforcement officers. William Hague, then the foreign secretary, announced at the time: “I believe today we have begun to turn the tide.” More than a year later, however, when the Kasane summit reviews whether these commitments have been implemented, it seems likely that some will be found wanting.

Despite a celebrity-led drive to raise awareness in China and Vietnam, where horn is coveted as an ingredient in traditional medicine or as a status symbol, a record 1,215 rhinos were killed last year in South Africa, 20% more than in 2013. At least 220 chimpanzees, 106 orang-utans, 33 bonobos and 15 gorillas have been lost from the wild over the past 14 months, according to estimates by the Great Apes Survival Partnership. Elephants also remain under siege – at least 20,000 were poached annually from 2011 to 2013, according to the UN – although countries such as Kenya, Tanzania and Uganda have fought back with some measure of success over the past year. “The numbers are still going up and they don’t make us any happier,” said Dr Patrick Bergin, chief executive of the African Wildlife Foundation.

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About the last person on earth you want to handle the issue.

Australia PM Tony Abbott Unveils Plan To Save Great Barrier Reef (Guardian)

Australia has submitted its long-term plan to arrest the decline of the Great Barrier Reef, with Tony Abbott stressing to the international community that the government is “utterly committed” to the reef’s preservation. The Reef 2050 Long-Term Sustainability Plan has been compiled to allay concerns from Unesco over the fading health of the reef, with the organisation’s world heritage committee set to meet in June to decide whether the reef is to be listed as “in danger.” The plan sets a number of targets to reduce pollution running on to the reef, including an 80% reduction in nitrogen and a 50% cut in sediment by 2025.

The final version of the strategy has been re-written to include the policies of Queensland’s new Labor government, which has pledged to ban the dumping of dredged sediment in the reef’s world heritage area and to provide $100m over five years to improve water quality. For its part, the federal government is banning dumping in the reef’s marine park and announced a further $100m in funding for the Reef Trust, a body that will work with landowners to ensure chemicals are not flowing into the coral ecosystem. There will also be a new independent scientific panel, headed by the government’s chief scientist, Ian Chubb, which will oversee the work of the Reef Trust. Abbott said the government was helping to ensure that the reef is “handed on in the best possible condition to our children and grandchildren”.

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Our biggest crime aginst humanity: “African mining scandals, says Baldwin, “have roots in Mayfair”, while “oil deals in London have links to violence in Congo.”

The Global Extraction Industry: Plunder, Violence And Corruption (Observer)

Index on Censorship could not have awarded one of its Freedom of Expression prizes more estimably than to Angolan reporter Rafael Marques de Morais. In doing so, Index prises open Marques’s principal discourse: the prising open of the land itself by those who plunder for profit without heed. Marques’s writing in Angola on the links between diamond mining and government corruption draws attention to the growing causes for concern around the world in relation to the industry of “extraction” and how it behaves financially, politically and morally as it pursues sought-after minerals and commodities to fuel economic growth.

Across the globe, the management of extraction in poor countries rich in resources – by government and the multinationals they invite in – has become hallmarked by scandal, violence, corruption and environmental calamity. Vast international conglomerates are often faced with allegations that they abet the plundering of natural resources, usually in league with local officials and almost always to the detriment of indigenous communities. Only a fraction of the wealth accrued from extraction is left in the host country – to say nothing of the communities often “resettled” – ergo forcibly removed – from the land concerned. This nexus of politics and capitalism leads invariably to violence and death.

Ovid, who wrote around 10BC about the origins of man, accounted for the genesis of warfare in these terms: “The land, which had previously been common to all, like sunlight and breezes, was now divided up far and wide by boundaries, set by cautious surveyors. Nor was it only corn and their due nourishment that men demanded of the rich earth: they explored its very bowels, and dug out the wealth which it had hidden away, close to the Stygian shades; and this wealth was a further incitement to wickedness. By this time iron had been discovered, to the hurt of mankind, and gold, more hurtful still than iron. War made its appearance, using both metals in its conflict, clashing weapons in bloodstained hands.”

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