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Debt Rattle January 6 2024

Jan 062024
 
 January 6, 2024  Posted by at 9:12 am Finance Tagged with: , , , , , , , ,  30 Responses »


Marc Riboud Painting the Eiffel Tower 1953

 

• Biden Vows To Protect US Democracy From ‘Nazi’ Trump (RT)
• Supreme Court Takes Up Colorado Trump Ballot Disqualification Case (ET)
• Trump Org Refutes House Democrat Report on Trump’s Finances (ET)
• Genocide in Gaza (John Mearsheimer)
• The “Transfer” of Palestinians Out of Gaza Is Not a “Voluntary Migration”(TO)
• Gaza Destroys Western Divide-and-Rule Narratives (Narwani)
• Ex-Pentagon Analyst: Mideast Crisis May Spiral Out of Control (Sp.)
• Lindsey Graham Vows To Make Iran’s ‘Worst Nightmare’ Come True (RT)
• After Military Collapse, Kiev Bets on Terrorism (Leiroz)
• Brussels Eyeing ‘Plan B’ To Finance Ukraine (RT)
• Musk Warns Against Invading Russia (RT)
• Recruitment Problems Plague US Military (Paul Craig Roberts)
• House GOP To Move Toward Holding Hunter Biden In Contempt Of Congress (CBS)
• New York To Sue Bus Companies … For Busing People (Turley)
• The Month That Labor Markets Fell Apart (Street)

 

 

 

 

Trump ad

 

 

Kanekoa

 

 

Harry Dunn – Pretty crazy

 

 

Scott Adams: “Illegal immigration is now ten-times as high as 2017 when the national conversation was already about it being too high. We can rule out “accidental.”

 

 

RFK

 

 

Vivek

 

 

 

 

After months of brainstorming this is their strategy: Trump is Hitler.

“We’ve become an embarrassment as a country,” Trump added.”

• Biden Vows To Protect US Democracy From ‘Nazi’ Trump (RT)

US President Joe Biden has accused his Republican rival Donald Trump of seeking to take power through “political violence,” likening the former leader’s rhetoric to that used by “Nazi Germany” while deeming him a threat to American democracy itself. Biden launched a major broadside against Trump during a campaign speech in Pennsylvania on Friday night, citing the January 6, 2021 riot at the US Capitol as a major part of the last president’s legacy. “Donald Trump’s campaign is about him, not America. Not you. Donald Trump’s campaign is obsessed with the past, not the future. He’s willing to sacrifice our democracy, put himself in power,” Biden said, going on to slam Trump as “sick” and a “loser.” Recalling the unrest in the wake of the last presidential election, Biden went on to say that Trump and his supporters still embrace “political violence,” adding “Trump’s assault on democracy isn’t just part of his past. It’s what he’s promising for the future.”

He also drew a comparison between the Republican candidate and the Third Reich. “He calls those who oppose him vermin. He talks about the blood of Americans being poisoned, echoing the same exact language used in Nazi Germany,” the president continued, positing himself as a defender of American institutions. Trump hit back during his own remarks on Friday night, calling Biden’s speech a “pathetic fearmongering campaign event” while slamming the leader for “an unbroken streak of weakness, incompetence, corruption and failure.” “Biden, if you take a look at what he’s doing on the border or inflation, or our military, that horrible day in Afghanistan, you look at what he’s done with energy – all throughout the world, we’re an embarrassment as a country. We’ve become an embarrassment as a country,” Trump added.

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They better be very clear and unanimous.

• Supreme Court Takes Up Colorado Trump Ballot Disqualification Case (ET)

The U.S. Supreme Court accepted a petition for immediate review regarding a Colorado Supreme Court decision to strike former President Donald Trump from the 2024 presidential ballot. “The petition for a writ of certiorari is granted,” reads the procedural order. Oral arguments are scheduled for Feb. 8. Petitioners’ and amicus briefs are due by Jan. 18, and respondents’ and amicus briefs are due by Jan. 31, with any reply briefs due by Feb. 5. The Colorado Supreme Court had disqualified President Trump as a candidate on Dec. 19 in an order that left little chance for the actual removal of his name from the ballot. On Dec. 27, the Colorado GOP filed a petition with the U.S. Supreme Court asking three separate questions regarding the application of Section 3 of the 14th Amendment and political parties’ First Amendment rights to primary their candidate of choice.

On Jan. 3, President Trump filed a separate petition with a simpler question: Did the Colorado Supreme Court err in its ruling? The U.S. Supreme Court has taken up President Trump’s petition, and has yet to accept to reject the Colorado GOP’s petition. Trump Campaign spokesman Steven Cheung said the campaign “welcomed” the Supreme Court review. “We welcome a fair hearing at the Supreme Court to argue against the bad-faith, election-interfering, voter-suppressing, Democrat-backed and Biden-led, 14th Amendment abusing decision to remove President Trump’s name from the 2024 ballot in the state of Colorado,” he stated. He added that several of these challenges, including the one in Colorado, had been represented and funded by large, left-wing, out-of-state activist groups and have the effect of “disenfranchising voters.”

“We are confident that the fair-minded Supreme Court will unanimously affirm the civil rights of President Trump, and the voting rights of all Americans in a ruling that will squash all of the remaining ballot challenge hoaxes once and for all,” he stated. Just before the Supreme Court order, the campaign had issued a statement highlight the “precedent” of similar cases being dismissed in state and federal courts the past week. Colorado was the first state to disqualify President Trump, and the first state to hold hearings regarding the merits of a Section 3 challenge at all. The legal theory that President Trump can be disqualified under Section 3 of the 14th Amendment rests on the premise that the events of Jan. 6, 2021, constituted an insurrection, and that President Trump actively participated in or instigated it.

It also assumes that individual state courts at various levels have the authority to adjudicate the eligibility of a presidential candidate under Section 3. There have been at least 60 of these challenges across the country in recent months, according to President Trump’s attorneys. However, the majority of these challenges have been dismissed for a wide range of reasons, with several courts citing lack of jurisdiction. Officials and some judges—including dissenting justices on the Colorado Supreme Court—have argued that if individual state courts were meant to be able to rule if a presidential candidate engaged in insurrection and whether that affected his eligibility, it could result in “chaos,” with upwards of 50 different rulings.

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“.. the company voluntarily implemented a program to track payments from foreign governments, which the company donated to the U.S. Treasury Department annually.”

• Trump Org Refutes House Democrat Report on Trump’s Finances (ET)

The Trump Organization denied on Jan. 4 that former President Donald Trump improperly profited from his presidency, describing House Democrats’ claims to the contrary as “insane.” A new report published by the Democrats on the House Oversight Committee asserts that the 45th president’s businesses took in at least an estimated $7.8 million from 20 foreign governments—including those of China, Saudi Arabia, the United Arab Emirates, and others—during his term, in violation of the Constitution. The outlined payments mostly included spending on rent at Trump Tower and Trump World Tower—both in New York—and on stays at the Trump International Hotels in Washington and Las Vegas. The report also alleges that President Trump allowed those payments to influence his foreign policy moves, citing his decision not to sanction the Industrial and Commercial Bank of China (ICBC)—which leases office space in Trump Tower—as an example.

But Kimberly Benza, a Trump Organization spokesperson, told The Epoch Times via email that such claims were ridiculous. “That narrative is insane, especially given there is no President in United States history who was tougher on China than Donald Trump… a President who introduced billions and billions of dollars’ worth of tariffs on their goods and services,” she said. Ms. Benza stressed that ICBC—which accounted for roughly $5.4 million of the payments detailed in the report—had been a preexisting, long-term tenant at Trump Tower since 2008—“almost a decade before President Trump entered office.” As for the remaining funds, Ms. Benza noted that the Trump Organization does not have the “ability or viability” to prevent individuals from making reservations through third-party booking websites. Nonetheless, she said the company voluntarily implemented a program to track payments from foreign governments, which the company donated to the U.S. Treasury Department annually.

[..] “We still don’t know the extent of the foreign payments that Donald Trump received—or even the total number of countries that paid him and his businesses while he was President—because Committee Chairman James Comer and House Republicans buried any further evidence of the Trump family’s staggering corruption,” Rep. Jamie Raskin (D-Md.), the top Oversight Democrat, charged in a Jan. 4 statement. “Despite these efforts, today’s report makes clear that former President Trump put lining his pockets with cash from foreign governments seeking policy favors over the interests of the American people.” The former president’s staff and advisers see the report differently. For Ms. Benza, it’s confirmation that House Democrats are “desperate to save face” amid Republicans’ ongoing investigations of President Joe Biden and his family members.

“There is a large difference between someone who leases commercial office space to a foreign company a decade ago … versus the son and family members of the Vice President extracting money from China, Ukraine, and Romania and others while providing no apparent or tangible goods and services,” she said. “It would be dishonest to not clearly distinguish between the two.” That view was echoed by Jason Meister, a member of President Trump’s campaign advisory panel in New York, who told The Epoch Times that there is no valid comparison between President Biden’s family finances and the Trump family’s businesses. “Democrats desperately want you to believe that diplomats in D.C. reserving hotel rooms or buying candied bacon at the Trump Hotel over four years is the same thing as Joe Biden converting his son into a bag man, to collect and then split with him the millions in graft he took from all around the world,” Mr. Meister said.

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“One is reminded of how the Nazis talked about dealing with Jews when reading how Israelis in “positions of the highest responsibility” talk about dealing with the Palestinians.”

• Genocide in Gaza (John Mearsheimer)

I am writing to flag a truly important document that should be widely circulated and read carefully by anyone interested in the ongoing Gaza War. Specifically, I am referring to the 84-page “application” that South Africa filed with the International Court of Justice (ICJ) on 29 December 2023, accusing Israel of committing genocide against the Palestinians in Gaza.1 It maintains that Israel’s actions since the war began on 7 October 2023 “are intended to bring about the destruction of a substantial part of the Palestinian national, racial and ethnic … group in the Gaza Strip.” (1) That charge fits clearly under the definition of genocide in the Geneva Convention, to which Israel is a signatory. The application is a superb description of what Israel is doing in Gaza. It is comprehensive, well-written, well-argued, and thoroughly documented. The application has three main components.

First, it describes in detail the horrors that the IDF has inflicted on the Palestinians since 7 October 2023 and explains why much more death and destruction is in store for them. Second, the application provides a substantial body of evidence showing that Israeli leaders have genocidal intent toward the Palestinians. (59-69) Indeed, the comments of Israeli leaders – all scrupulously documented – are shocking. One is reminded of how the Nazis talked about dealing with Jews when reading how Israelis in “positions of the highest responsibility” talk about dealing with the Palestinians. (59) In essence, the document argues that Israel’s actions in Gaza, combined with its leaders’ statements of intent, make it clear that Israeli policy is “calculated to bring about the physical destruction of Palestinians in Gaza.” (39)

Third, the document goes to considerable lengths to put the Gaza war in a broader historical context, making it clear that Israel has treated the Palestinians in Gaza like caged animals for many years. It quotes from numerous UN reports detailing Israel’s cruel treatment of the Palestinians. In short, the application makes clear that what the Israelis have done in Gaza since 7 October is a more extreme version of what they were doing well before 7 October.

There is no question that many of the facts described in the South African document have previously been reported in the media. What makes the application so important, however, is that it brings all those facts together in one place and provides an overarching and thoroughly supported description of the Israeli genocide. In other words, it provides the big picture while not neglecting the details. Unsurprisingly, the Israeli government has labelled the charges a “blood libel” that “has no factual and judicial basis.” Moreover, Israel claims that “South Africa is collaborating with a terror group that calls for the destruction of the state of Israel.” A close reading of the document, however, makes it clear that there is no basis for these assertions. In fact, it is hard to see how Israel will be able to defend itself in a rational-legal way when the proceedings begin. After all, brute facts are hard to dispute.

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“Every time I go back (to Gaza), I always think it cannot get worse, but every time I see more misery, more grief, more sadness..”

• The “Transfer” of Palestinians Out of Gaza Is Not a “Voluntary Migration”(TO)

Palestinians have known all along that the real objective of Israel’s horrendous assault on Gaza is emptying the Strip of all Palestinians and the return of Jewish settlements. After nearly 90 days of relentless bombardment and a lackluster effort on the part of the Israeli government to negotiate the release of the hostages taken by Hamas, it has become clear even to Israelis that Netanyahu’s declared goals of “dismantling Hamas, returning our hostages, and ensuring that in Gaza there will be no one that threatens Israel” are nothing more than a cover for the government’s “transfer” plan.

The first phase of the transfer plan commenced with the carpet bombing of northern Gaza and an evacuation order telling Palestinians to leave the area — one of the most densely populated in the world — and move to southern Gaza “where they will be safer.” But no sooner had they reached southern Gaza than bombs started to rain on them again — in Beit Lahia, Khan Younis, Maghazi, and other heavily populated residential neighborhoods. Nowhere is safe in Gaza; nowhere to hide from U.S.-supplied 2,000-pound bombs. The 2.3 million inhabitants of the Strip are now squeezed into an even smaller over-crowded, open-air prison that is a third of the size of the previous one they were forced to evacuate from.

The “transfer” — or “voluntary migration” as some Israeli officials are calling it — is now being promoted as the humane solution for the people of Gaza who now populate a parcel of land that has been rendered completely unlivable, a fulfillment of a promise made by several Israeli government officials after the October 7 Hamas attack. Recall Israeli Defense Minister Yoav Gallant saying, “We are fighting human animals, and we are acting accordingly.… We will eliminate everything — they will regret it.” Or retired Maj. Gen. Giora Eiland telling Israeli media, “Creating a severe humanitarian crisis in Gaza is a necessary means to achieve the goal. Gaza will become a place where no human being can exist.” After his return from a recent visit to the besieged Gaza Strip, UNRWA Commissioner-General Philippe Lazzarini told the Global Refugee Forum in mid-December that the people of Gaza “are running out of time and options, as they face bombardment, deprivation, and disease in an ever-ever-shrinking space.”

Also speaking at the forum, UN High Commissioner for Refugees Filippo Grandi called for an immediate ceasefire and an end to the siege to allow for sufficient aid. Grandi said, “Every time I go back (to Gaza), I always think it cannot get worse, but every time I see more misery, more grief, more sadness, and have the feeling that Gaza is not really a habitable place anymore.” In a lead editorial in the Israeli daily Haaretz, Knesset member Danny Danon was reported as saying, “We have to make it easier for Gazans to leave for other countries.… I’m talking about voluntary migration by Palestinians.” He added that he thinks that “the Arab states have a duty to help the Palestinians. They should have the decency to help instead of making inflammatory speeches.”

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“..nothing has the power to inflame the region’s masses like this particular fight between right and wrong..”

• Gaza Destroys Western Divide-and-Rule Narratives (Narwani)

It could be a clean sweep. Decades of western-led narratives crafted to exploit differences throughout West Asia, create strife amid the region’s myriad communities, and advance western foreign policy objectives over the heads of bickering natives are now in ruins. The war in Gaza, it transpires, has blown a mile-wide hole in the falsehoods and fairytales that have kept West Asia distracted with internecine conflicts since at least the 1979 Islamic Revolution in Iran. Shia versus Sunni, Iran versus Arabs, secular versus Islamist: these are three of the west’s most nefarious narrative ploys that sought to control and redirect the region and its populations, and have even drawn Arab rulers into an ungodly alliance with Israel.

It took a rare conflict – uncooked and uncontrolled by Washington – to liberate West Asian masses from their narrative trance. Israel’s genocidal assault on Gaza also brought instant clarity to the question of which Arabs and Muslims actually support Palestinian liberation – and which do not. Iran, Hezbollah, Iraqi resistance factions, and Yemen’s Ansarallah – maligned by these western narratives – are now visibly the only regional players prepared to buttress the Gaza frontline, whether through funds, weapons, or armed clashes that aim to dilute and disperse Israeli military resources. The so-called ‘moderate Arabs,’ a misnomer for the western-centric, authoritarian Arab dictatorships subservient to Washington’s interests, have offered little more than lip service to the carnage in Gaza.

The Saudis called for support by hosting Arab and Islamic summits that were allowed to do and say nothing. The Emiratis and Jordanians trucked supplies to Israel that Ansarallah blockaded by sea. The mighty Egypt hosted delegations when all it needed to have done was to open the Rafah Crossing so Palestinians can eat. Qatar – once a major Hamas donor – now negotiates for the freedom of Israeli captives, while hosting Hamas ‘moderates,’ who are at odds with Gaza’s freedom fighters. And Turkiye’s trade with the Israeli occupation state continues to skyrocket (exports increased 35 percent from November to December 2023). Palestine, for the pro-west ‘moderate Arabs,’ is a carefully handled flag they occasionally wave publicly, but sabotage privately. So, they watch, transfixed and horrified today, at what social media and tens of millions of protesters have made crystal clear: Palestine remains the essential Arab and Muslim cause; it may ebb and flow, but nothing has the power to inflame the region’s masses like this particular fight between right and wrong.

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“Whether the US will leave or not, I don’t know. I tend to doubt it because they have too much [interests there].”

• Ex-Pentagon Analyst: Mideast Crisis May Spiral Out of Control (Sp.)

Two powerful blasts killed close to 100 people in the Iranian city of Kerman this week, with Daesh (ISIL/ISIS)* claiming responsibility for the terror attack. However, former Pentagon senior security policy analyst Michael Maloof does not rule out that the terrorist group “might be trying to take credit for something as a cover for somebody else.” “I’m not surprised because ISIS has been known to work with the Israelis,” he told Sputnik. “We have an interesting context, particularly since the Israelis are very anti-Shia and ISIS is basically radical Sunnis. So it’s not surprising. And ISIS has a history of also detonating explosives in Iran. In fact, just a few years ago, they had a few explosions, I think, on the parliament building in Tehran. So it’s not unique.”

In the wake of the attack, Iranian authorities had suggested that the bombing might be linked to Tehran’s opposition to Israel’s Gaza war, assuming that Tel Aviv or Washington could have been behind it. President Ebrahim Raisi’s deputy, Mohammad Jamshidi, tweeted that: “Make no mistake. The responsibility for this crime lies with the US and Zionist regimes (Israel) and terrorism is just a tool.” The US and Israel have strongly denied having a hand in the deadly bombing, claiming that Sunni radical groups, including Daesh, could have carried out the attack. Shortly after, a post on Daesh’s Telegram account popped up saying that the terrorist group was behind the blasts. In a statement, the terrorist organization named Omar al-Mowahid and Sayefulla al-Mujahid as the perpetrators.

Nonetheless, the bombing has raised a lot of questions, especially given that Saleh al-Arouri, deputy head of the political bureau of Hamas, was killed in a drone strike in southern Beirut just a day before. Al-Arouri’s assassination is widely believed to be committed by Israel The Wall Street Journal claimed on December 1 that Israel’s intelligence services were preparing to kill Hamas leaders around the world. Extraterritorial targeted killings of individuals designated as terrorists by Tel Aviv is Israel’s decades-long practice touted as a way to prevent terrorist attacks and scale down “collateral damage.” Likewise, the use of proxy groups is nothing new for Israel or the US, as per Sputnik’s interlocutor. For its part, the US has recently launched a military operation against Houthi rebels in the Red Sea and stepped up attacks on Shiite groups, belonging to the so-called Axis of Resistance, in Iraq.

“There was what seemed to be a further retaliation this morning against one of the Shia leaders in Baghdad of one of the militant groups,” said Maloof. “That was a US strike with a missile. (…) So it was a direct hit and inside of Baghdad. And so I think that that’s probably going to cause the Iraqis to start putting increasing pressure for the US forces to get out altogether. That seems to be the trend. The parliament did it a few years ago and nothing ever happened. Nobody moved out. Now, the prime minister has made a statement to that effect recently and I think last week that he wants American troops out of Iraq. Whether the US will leave or not, I don’t know. I tend to doubt it because they have too much [interests there].”

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“His words came as Washington was reportedly preparing for the conflict between Israel and Hamas to spill over the borders of Gaza and expand further to the Middle East..”

• Lindsey Graham Vows To Make Iran’s ‘Worst Nightmare’ Come True (RT)

Washington will continue to actively support Israel and seek to realize a “nightmare” scenario for the Iranian leadership, US Senator Lindsey Graham told Prime Minister Benjamin Netanyahu during his visit to Tel Aviv on Thursday. The US expressed its strong support for the Jewish State in October 2023 in the wake of a Hamas terrorist attack, which claimed some 1,200 lives and saw more than 240 people taken hostage. The Israeli retaliation campaign, which was also backed by the US, has already killed more than 22,000 people in the Palestinian enclave, according to local health officials. On Thursday, Graham told Netanyahu that both US lawmakers and the administration of President Joe Biden would “push forward to make Iran’s worst nightmare real,” adding that the US would “do everything we can” to support Israel.

He argued that West Jerusalem should strive for reconciliation with Arab nations, calling such an outcome “a nightmare for the ayatollah.” He also described establishing ties between Israel and the Arab world as an “absolutely essential ingredient to a better, more stable Mid-East and a safe and secure Israel and a prosperous Palestinian people.” The senator also stated that he was personally “more dedicated now to bringing stability to your country and this region.” Netanyahu responded by expressing his gratitude to Graham and vowed to continue Israel’s war campaign in Gaza. “We’re absolutely committed to achieving our war goals,” Netanyahu told Graham, adding that West Jerusalem would “apply maximum power with maximum precision everywhere that’s needed.”

Iran has repeatedly blamed Israel for the escalation in the region throughout the ongoing conflict as well as accused it of committing “genocide” in Gaza and setting “fire to the region.” Tehran also accused West Jerusalem’s Western backers, including the US, of employing double standards in their assessment of the situation in the Middle East. Last month, Graham, who is also known for his staunch anti-Iranian position, called for a bombing campaign against Iran, calling for the country’s oil fields and the Revolutionary Guard Corps headquarters to be “blown off the map.” Graham is a retired US Air Force colonel but spent his entire military career in the Judge Advocate General’s Corps as a lawyer and then a judge. He also has a long history of promoting the use of force abroad.

His words came as Washington was reportedly preparing for the conflict between Israel and Hamas to spill over the borders of Gaza and expand further to the Middle East, according to Politico. The administration of US President Joe Biden was allegedly reviewing scenarios that could see Washington drawn into a major conflict in the region. A US response could be triggered by Yemeni Houthi fighters, who have been targeting commercial ships off Yemen’s coast in response to the attacks on Gaza by Israel, according to the news media outlet.

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“..The attacks on Belgorod and other Russian demilitarized zones clearly show how close the Ukrainian regime is to definitive defeat..”

• After Military Collapse, Kiev Bets on Terrorism (Leiroz)

A major military escalation is taking place in the special operation zone – and even outside of it. Moscow is launching massive attacks against Ukraine after the demilitarized region of Belgorod was hit in terrorist actions by Kiev. Faced with military fiasco and the impossibility of continuing to fight through appropriate means, the neo-Nazi regime relies on terrorism as a war tactic against Russia. On December 30, Ukrainian forces launched a deadly attack with cluster weapons on Belgorod, killing dozens and injuring hundreds of people, including several children. There was no military target in the region to justify the attack, making it a deliberate action against civilians, which is why the attitude can be considered a crime under international law.

Russian diplomats at the UN called for an emergency meeting on the topic and Secretary General Antonio Guterres himself condemned Kiev’s actions. However, as expected, no consensus was reached on punishing Ukraine for its crimes, as Western states absolutely support the actions of the neo-Nazi regime. In the following days, Ukraine continued to bomb Belgorod and generate more victims. In response, Russia tightened its actions, hitting several military, industrial and critical infrastructure targets in numerous Ukrainian cities, including Kharkov, Kiev and even Lvov. Among the targets, decision-making and logistics centers used in planning attacks against Belgorod were destroyed. So, undoubtedly, recent days have been marked by a military escalation that could be decisive regarding the future of the conflict.

The Ukrainian side is the one that suffers most from this type of escalatory situation. Unlike the Russians, who are only using a small percentage of their military potential, Ukraine does not have the capacity to continue fighting in the long term. Since 2022, Kiev has had great difficulty facing high-intensity frictions, constantly suffering heavy losses. Especially after the failed “counteroffensive” attempt last year, the situation has further deteriorated, with the neo-Nazi regime collapsing militarily.In military sciences, terrorism is seen as a type of tactic used by belligerent agents incapable of facing a regular war situation. This explains why Kiev is committed to increasing terrorist attacks and generating more and more civilian victims. The attacks on Belgorod and other Russian demilitarized zones clearly show how close the Ukrainian regime is to definitive defeat, having collapsed militarily and being unable to reach any target other than innocent and unarmed civilians.

It would be wrong to say that this phenomenon is something recent. Terrorism has always been a common practice for the Ukrainian military. Although the Western media says otherwise, in fact, Kiev has always been at a disadvantage in direct conflict, not being able to face hostilities in accordance with international standards of humanitarian law. This is why Ukrainian intelligence and armed forces carried out terrorist maneuvers against Russian public figures and targeted non-military infrastructure such as the Kakhovka dam and the Crimean Bridge.However, the use of these criminal practices tends to become more and more frequent from now on, as Kiev is facing a situation of absolute military ruin. The so-called “counteroffensive” was the neo-Nazi regime’s main bet in 2023 and created great expectations in Western public opinion about a possible “game change” in the military scenario of the conflict. Western propagandists even commented that Kiev would “retake” the regions liberated by Russian forces – including Crimea.

But none of these expectations came true. Russian forces were efficient in protecting their defense lines and preventing any Ukrainian territorial advance. As admitted by Russian authorities, Moscow’s main goal in 2023 was to neutralize the Ukrainian counteroffensive and this objective was evidently achieved successfully. Tens of thousands of Ukrainians died in the fighting, mainly due to the heavy use of artillery by the Russians. Kiev’s death numbers exceeded half a million soldiers, in addition to massive losses of military equipment, leading the regime to collapse and strategic paralysis.

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Just admit you lost and move on.

• Brussels Eyeing ‘Plan B’ To Finance Ukraine (RT)

The EU is considering alternative ways to keep funding Ukraine, in case member states fail to bypass a veto by Hungary, European Commission President Ursula von der Leyen has said. Budapest earlier blocked a €50 billion ($55 billion) assistance package for Kiev amid the conflict with Russia. Speaking at a press conference with Belgian Prime Minister Alexander De Croo on Friday, von der Leyen stressed that the EU must “urgently move forward on stabilizing our financial aid” to Ukraine. Reaching a consensus between all 27 member states is the “first priority… But of course we must prepare for other options. These are operational solutions that we are preparing right now,” she said, without giving details.

Von der Leyen recalled that just before Christmas, the EU adopted an €18 billion ($20 billion) support package for Kiev, to help “Ukraine finance their needs for the beginning of this year” and give Brussels some leeway when negotiating the main funding package. “But of course we have to work as hard and as fast as possible to deliver,” the top official added. Last month, Hungary – which has been consistently critical of the EU’s policy on Ukraine – blocked a €50 billion aid package for Kiev, to be disbursed between 2024 and 2027. Balazs Orban, an adviser to Hungarian Prime Minister Viktor Orban, has said Budapest could drop its opposition to the effort if Brussels unblocks all of the €30 billion earmarked for Hungary – which were withheld over a perceived crackdown on democracy. The EU has so far unfrozen only one third of the sum, citing Budapest’s progress on judicial reforms.

The Financial Times reported late last month that the EU was working on a mechanism to bypass the Hungarian veto, that would see member states provide guarantees to the EU budget, thereby allowing Brussels to borrow some €20 billion for Kiev. An EU special summit on funding Ukraine will take place on February 1. Since the start of the conflict between Moscow and Kiev in February 2022, the EU has provided Ukraine with more than $91 billion in various forms of aid. Russia has repeatedly denounced arms shipments to Kiev, while warning that continued support is becoming a serious burden for EU taxpayers.

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Nobody was going to.

• Musk Warns Against Invading Russia (RT)

Never invade Russia, tech billionaire Elon Musk has insisted during a discussion of military strategies over the past few centuries on his platform, X (formerly Twitter). In a post on Thursday, Musk argued that 18th and early 19th-century British naval commander Vice Admiral Horatio Nelson was “incredible.” He also praised Arthur Wellesley, the First Duke of Wellington, who was among the military leaders who defeated French Emperor Napoleon in the Battle of Waterloo in 1815. “Wellington is usually underrated. Not on Napoleon’s level, but still one of the best generals in history imo,” SpaceX and Tesla CEO wrote. In response to his comment, one of the users suggested that Napoleon was actually “not so smart” when he launched his failed Russian campaign in 1812.

Musk seemingly agreed with the notion, replying: “Just don’t invade Russia. It’s never a good idea.” The French Army, considered unbeatable at the time, crossed into Russian territory in late June 1812 and advanced quickly, entering Moscow by mid-September. However, after that, Napoleon’s forces could only retreat, being kicked out of Russia by the end of the year and suffering estimated losses of between 400,000 and 500,000. Russian historians attribute the country’s success in what they call the Patriotic War of 1812 to the sophisticated bait-and-switch strategies of Field Marshal Mikhail Kutuzov, the heroism of Russian troops, the patriotism of the civilian population, many of whom joined the partisans, and the harsh winter conditions in the final months of the conflict.

Over the past two years, Musk has been calling for a peaceful settlement of the conflict between Moscow and Kiev, warning that due to the West backing Ukraine, the conflict could well spiral into a nuclear war between Russia and the US. The billionaire has been providing the Kiev forces with access to Starlink satellite internet but refused to enable the service in the vicinity of Crimea over concerns that the Ukrainians would use SpaceX’s system to guide drones and missiles toward Russian targets on the peninsula.

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“..they have heard enough from those forced out because of refusal to take the death vaccine to know that the officers no longer stand up for the troops..”

• Recruitment Problems Plague US Military (Paul Craig Roberts)

Traditionally a few Southern states have provided the backbone of America’s military. But times have changed. Today white Southern men don’t like black female sergeants in their face. They don’t like homosexual sergeants in their face either. They don’t like comments from non-military friends about their officers wearing high heels and skirts. And they have heard enough from those forced out because of refusal to take the death vaccine to know that the officers no longer stand up for the troops. A military headed by a black Secretary of Defense, a female Deputy Secretary of Defense, a black Chairman of the Joint Chiefs of Staff, a female Chief of Naval Operations, a female Secretary of the Army, a Hispanic Secretary of the Navy, and a black head of the US Air Force Academy comes across as a military hostile to “racist, misogynist heterosexual white males.” These officials might all be competent, but they don’t come across to those in the ranks as warriors loyal to the troops.

The black Secretary of Defense reinforced this impression when he announced that promotions for whites were on hold because there are too many white officers. In other words, the military is no longer merit-based. It is a racial and gender quota system. Men with a temperament to be warriors want to be led by warriors, not by quota hires. They want to feel that they are part of a fighting force led by officers proven in combat. Their image of a military leader is George Patton or Robert E. Lee. The demonization of white people that permeates American society has now infected the military. Traditional military families now discourage sons from joining the US military. If the pro-Israeli neoconservative warmongers remain in control of US foreign policy, the likely consequence will be that Washington will make a deal with immigrant-invaders of trading citizenship for military service. This appears to be the road that the woke US military has us on. Just as Romans ended up ruled by their German mercenaries, Americans will be ruled by immigrant-invaders.

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“Comer and Jordan requested the White House provide information about Mr. Biden’s alleged involvement in his son’s defiance of the congressional subpoena. They gave the White House until Wednesday to turn over documents regarding Hunter Biden’s scheduled deposition.”

• House GOP To Move Toward Holding Hunter Biden In Contempt Of Congress (CBS)

House Republicans said Friday that they will move forward next week with an effort to hold Hunter Biden, President Biden’s son, in contempt of Congress after he refused to comply with a congressional subpoena for closed-door testimony. Oversight Committee Chairman James Comer announced that on Wednesday, his panel will consider a resolution and accompanying report to penalize Hunter Biden for his defiance of the subpoena. If the Oversight panel advances the contempt resolution, it would then require approval by the full House. The Oversight and Judiciary Committees demanded the president’s son appear for a private deposition on Dec. 13, which he declined to do. Instead, Hunter Biden delivered a brief statement to reporters outside the U.S. Capitol, in which he reiterated that he would only answer lawmakers’ questions in a public setting.

He accused Republicans of “distorting the facts” and selectively releasing information from prior closed-door interviews with others appearing before House committees. Comer and Judiciary Committee Chairman Jim Jordan said in a statement Friday that Hunter Biden’s refusal to comply with their subpoenas for testimony constitutes contempt of Congress and warrants referral to federal prosecutors. “We will not provide him with special treatment because of his last name,” Comer, of Kentucky, and Jordan, of Ohio, said. Rep. Jamie Raskin, the top Democrat on the Oversight Committee, denounced Comer’s decision to hold a vote on the contempt resolution, saying there is no precedent for the House holding a private citizen who has offered to testify publicly in contempt of Congress.

“Chairman Comer does not want Hunter Biden to testify in public, just as he has refused to publicly release over a dozen interview transcripts, because he wants to keep up the carefully curated distortions, blatant lies, and laughable conspiracy theories that have marked this investigation,” he said in a statement. “However, the facts and the evidence all show no wrongdoing and no impeachable offense by President Biden.” Abbe Lowell, Hunter Biden’s lawyer, criticized House GOP lawmakers in a statement to CBS News. “It’s clear the Republican Chairmen aren’t interested in getting the facts or they would allow Hunter to testify publicly. Instead, House Republicans continue to play politics by seeking an unprecedented contempt motion against someone who has from the first request offered to answer all their proper questions,” he said. “What are they afraid of?”

GOP lawmakers have been investigating Hunter Biden’s business dealings for nearly a year and have accused Mr. Biden of profiting from his son and brother’s overseas work. But the Republicans have not produced any evidence of wrongdoing by the president or that he benefited from his family’s foreign business ventures. Still, the GOP-led House voted along party lines last month to formalize an impeachment inquiry into the president. As part of their probe, led by the Oversight, Judiciary and Ways and Means panels, Comer and Jordan requested the White House provide information about Mr. Biden’s alleged involvement in his son’s defiance of the congressional subpoena. They gave the White House until Wednesday to turn over documents regarding Hunter Biden’s scheduled deposition.

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“It is doubtful that anyone in New York seriously believes that they can force bus or airline companies to pay for migrants coming to a self-proclaimed sanctuary city..”

• New York To Sue Bus Companies … For Busing People (Turley)

New York City Major Eric Adams announced on Thursday that he is suing bus companies for over $700 million for busing undocumented persons to the state. This is truly a thing to behold. It is a frivolous lawsuit based on an absurd law motivated by raw hypocrisy. In the meantime, the Biden Administration has been flying migrants to outside the city but no lawsuit is expected. New York City politicians have long heralded their status as a sanctuary city. Yet, it is now taking various methods to prevent migrants from seeking sanctuary by threatening anyone who brings them to the city. The lawsuit will rely on New York Social Services Law § 149, which requires that “[a]ny person who knowingly brings, or causes to be brought, a needy person from out of state into this state for the purpose of making him a public charge…shall be obligated to convey such person out of state or support him at his own expense.”

Of course, these companies are not transporting people to make them a public charge. They are transporting these people because they or a third party paid the fare for transport. That statute expressly allows the commissioner of the New York City Department of Social Services (DSS) to sue to recover costs. In seeking to impose crippling fines and damages on transportation companies, the lawsuit will likely be challenged as unconstitutional due to its vagueness, curtailment of interstate travel, and a host of other glaring problems. This is clearly an effort to grind companies financially. It is doubtful that anyone in New York seriously believes that they can force bus or airline companies to pay for migrants coming to a self-proclaimed sanctuary city. It is a cynical effort to impose litigation costs on companies to get them to refuse to accept such contracts.

Yet, how is a company supposed to determine if someone purchasing a ticket is a potential “public charge.” Does that apply to anyone who is impoverished? What proof of support is needed from the passenger? Such inquiries could themselves violate legal and constitutional protections. Transportation companies sell seats for transport. They are not responsible for those who purchase the tickets for their ultimate support. They are not responsible for the costs that a traveler may impose on a given city. If that were the case, I would sue the airlines everytime they fly the Packers to Chicago to play football. (Now that I think about it ….hmmm)

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Can you spell Bidenomics?

“..the print for implied full-time job creation/destruction comes to -1.479M.”

“They will tell you that this was a strong report even though they are not stupid. They hope you are.”

• The Month That Labor Markets Fell Apart (Street)

On the surface, the BLS report of December labor markets appears somewhat strong. The keyword reading algorithms that skim the headlines acted in a microsecond. Bonds were hit, as yields went “pop.” Equity index futures reacted accordingly and put a momentary bottom in. The tough part of this report will be to determine just how positive, or negative December was. I’ll give you a clue as to what I think. I think December was tragic and may have been the first hint of something awful to come. I hope for your sake and for mine that I am overreacting. Okay, understanding that the BLS ends up significantly revising everything because their methods are antiquated and have been insufficient for the purposes of data collection for years, we’ll go with the numbers. The fact shall likely forever remain clouded in mystery.

As anyone reading this piece already knows, the Bureau of Labor Markets, which is part of the Department of Labor, posted the results of its twin December Labor Market surveys on Friday morning. The Establishment Survey of “Table B”, which is the more superficial of the two and of course the one that the financial media focuses on, showed an increase of Non-Farm Payrolls of 216K. Wall Street was looking for about 160K, I was looking for 164K. The BLS also revised November’s NFP print from 199K down to 173K and October’s NFP print from 150K down to 105K, leaving the December NFP print not at 216K, but at net growth of 145K from where we thought we were. 145K obviously falls short of consensus view. It gets worse from there. The Household Survey of “Table A” showed a decrease of 683K persons and another 676K individuals that became “discouraged” and left the labor force.

Conveniently, these 676K individuals can be left out of the math, so that the unemployment rate can stay put. So, understand this. The BLS Establishment Survey shows net job creation of 145K, while the BLS Household Survey shows job destruction of 683K at a time of year when everyone and their brother is trying to hire temporary employees. It still gets worse from there. As the exodus of the discouraged left the labor force en masse, the participation rate dropped from 62.8% to 62.5% (that’s a huge drop) as the employment to population ratio dropped from 60.4% to 60.1%. Part-time work? Glad you asked, as this is part of the Household Survey. Part-Time jobs increased by a whopping 796K positions, even as 683K positions were eliminated. Hence, and this is a doozy, the print for implied full-time job creation/destruction comes to -1.479M.

That’s right. They will tell you that this was a strong report even though they are not stupid. They hope you are. “They” know darn well that the US economy lost 1.479M full-time jobs in December. That’s tragic. This large reduction in the ranks of those employed and the ranks of those downshifted from full-time to part-time left the unemployment rate at 3.7% and took the Underemployment Rate up from 7% to 7.1%. Do you realize how hard it is for these rates to not move lower and do so significantly when 0.4% of the entire labor force has “disappeared.”

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Tucker vaxx

 

 


93 candles today for one of Cinema’s finest Actors for over six decades – the Oscar winning ROBERT DUVALL.

 

 

 

 

Amos Miller

 

 


Mouse deer like chevrotains and Java mouse deer are considered living fossils because they are thought to be the most primitive ruminants. Whales may have evolved from water-loving creatures that looked like small deer

 

 

Puppy
https://twitter.com/i/status/1743326217057517794

 

 


Creme Puff (August 3, 1967 – August 6, 2005) was the oldest cat ever recorded, according to the 2010 edition of Guinness World Records, when she died aged 38 years and 3 days.

 

 

Ice potassium

 

 

 

 

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

 

 

 

 

 

Debt Rattle September 27 2023

Sep 272023
 
 September 27, 2023  Posted by at 9:04 am Finance Tagged with: , , , , , , , , ,  46 Responses »


Frederick Carl Frieseke Girl In Blue Arranging Flowers 1915

 

• Hersh Reveals US Motive For Destruction Of Nord Stream Pipelines (MoA)
• Biden Planned On Blowing Nord Stream Before Ukraine Conflict Began – Hersh (RT)
• Nord Stream Blast: Why the West Still Can’t Name the Culprit (Sp.)
• Canadian Parliament Speaker Resigns After Honoring Ukrainian Nazi (RT)
• Russian Foreign Ministry Responds To Canada Honoring Nazi Veteran (RT)
• Nazi Hunter: Canada Failed Miserably in Bringing Nazis to Justice (Sp.)
• Russian Black Sea Fleet Commander Seen Alive and Well (Sp.)
• Nothing Is Off Table To Get Ukraine Into EU – Parliament President (G.)
• How Russia Will Deal With American Tanks in Ukraine (Sp.)
• US Judge Finds Trump Committed Fraud by Inflating Wealth, Assets (Sp.)
• Hunter Biden Sues Rudy Giuliani for Spreading Contents From Laptop (Sp.)
• Hunter Biden Used Dad’s Classified Doc House For $250K China Wire Transfer (ZH)
• EU Warns Elon Musk After X Found To Have Highest Rate Of Disinformation (G.)

 

 

 

 

NYC Sanctuary

 

 

 

 

 

 

Yeadon
https://twitter.com/i/status/1706538481135104245

 

 

 

 

Russell

 

 

 

 

On the first anniversary of the Nordstream blast, lots of articles. Also about “alternative explanations”. But Sy Hersh doesn’t make things up. That’s not his MO at all.

“And thus followed the ultimate fear: that America would lose its long-standing primacy in Western Europe.”

• Hersh Reveals US Motive For Destruction Of Nord Stream Pipelines (MoA)

It was no surprise to the agency’s secret planning group when on January 27, 2022, the assured and confident Nuland, then undersecretary of state for political affairs, stridently warned Putin that if he invaded Ukraine, as he clearly was planning to, that “one way or another Nord Stream 2 will not move forward.” The line attracted enormous attention, but the words preceding the threat did not. The official State Department transcript shows that she preceded her threat by saying that with regard to the pipeline: “We continue to have very strong and clear conversations with our German allies. … The German leader was considered then—and now—by some members of the CIA team to be fully aware of the secret planning underway to destroy the pipelines.
…
What I did not know then, but was told recently, was that after Biden’s extraordinary public threat to blow up Nord Stream 2, with Scholz standing next to him, the CIA planning group was told by the White House that there would be no immediate attack on the two pipelines, but the group should arrange to plant the necessary bombs and be ready to trigger them “on demand”—after the war began. “It was then that we”—the small planning group that was working in Oslo with the Royal Norwegian Navy and special services on the project—“understood that the attack on the pipelines was not a deterrent because as the war went on we never got the command.” After Biden’s order to trigger the explosives planted on the pipelines, it took only a short flight with a Norwegian fighter and the dropping of an altered off-the-shelf sonar device at the right spot in the Baltic Sea to get it done.

By then the CIA group had long disbanded. By then, too, the official told me: “We realized that the destruction of the two Russian pipelines was not related to the Ukrainian war”—Putin was in the process of annexing the four Ukrainian oblasts he wanted—“but was part of a neocon political agenda to keep Scholz and Germany, with winter coming up and the pipelines shut down, from getting cold feet and opening up” the shuttered Nord Stream 2. “The White House fear was that Putin would get Germany under his thumb and then he was going to get Poland.”
…
All of this explains why a routine question I posed a month or so after the bombings to someone with many years in the American intelligence community led me to a truth that no one in America or Germany seems to want to pursue. My question was simple: “Who did it?” The Biden administration blew up the pipelines but the action had little to do with winning or stopping the war in Ukraine. It resulted from fears in the White House that Germany would waver and turn on the flow of Russia gas—and that Germany and then NATO, for economic reasons, would fall under the sway of Russia and its extensive and inexpensive natural resources. And thus followed the ultimate fear: that America would lose its long-standing primacy in Western Europe.

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“We realized that the destruction of the two Russian pipelines was not related to the Ukrainian war..”

• Biden Planned On Blowing Nord Stream Before Ukraine Conflict Began – Hersh (RT)

US President Joe Biden initially planned on destroying the Nord Stream gas pipelines to deter Russia from launching its military operation in Ukraine, American journalist Seymour Hersh reported on Tuesday. However, Hersh alleged that the sabotage operation went ahead later not to deter Russia, but to harm the German economy. The Nord Stream 1 and 2 gas pipelines, which connected Russia and Germany under the Baltic Sea, were destroyed in a series of underwater explosions exactly a year ago on Tuesday. Competing theories have emerged as to who was to blame, with mainstream media in the West blaming a Ukrainian commando unit and Seymour Hersh claiming that the CIA carried out the operation under direct orders from Biden.

In a blog post on Tuesday, Hersh alleged that US National Security Advisor Jake Sullivan convened a series of meetings in late 2021, tasking intelligence officials with coming up with a means of deterring Russian President Vladimir Putin from sending troops into Ukraine. “The White House’s policy was to deter Russia from an attack,” an intelligence source told Hersh. “The challenge it gave to the intelligence community was to come up with a way that was powerful enough to do that, and to make a strong statement of American capability.” By January, as Russian forces were massing on the Ukrainian border, the CIA had “solved the problem,” the source said. With a plan in place to plant remotely-detonated explosives on the pipelines under the Baltic Sea, Biden warned in early February that in the event of military action by Russia, “there will no longer be a Nord Stream 2. We will bring an end to it.”

Following Biden’s statement, which was delivered alongside German Chancellor Olaf Scholz, the CIA team tasked with sabotaging the pipelines received new orders, Hersh claimed. Instead of immediately destroying Nord Stream, the team was instructed to plant the explosives for detonation at a later date. “It was then that we understood that the attack on the pipelines was not a deterrent because as the war went on we never got the command,” a member of the team told Hersh. “We realized that the destruction of the two Russian pipelines was not related to the Ukrainian war,” the source continued. “But was part of a neocon political agenda to keep Scholz and Germany, with winter coming up and the pipelines shut down, from getting cold feet and opening up.”

According to Hersh’s earlier reporting, CIA divers planted the explosives last summer with the help of the Norwegian navy, using a NATO exercise in the region as cover. By the time the bombs were triggered in September, the flow of Russian gas to Germany via Nord Stream 1 had already been slowed to a trickle by Russia in response to Western sanctions, while Nord Stream 2 was never certified to begin operation by Scholz’s government. However, with the German economy heavily dependent on Russian gas, Biden reportedly feared that Scholz would choose reproachment with Moscow over support for Ukraine. “The President of the United States would rather see Germany freeze than [see] Germany possibly stop supporting Ukraine,” Hersh declared earlier this year.

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“Giraldi said that he feels that Hersh’s narrative is “correct in every detail.”

• Nord Stream Blast: Why the West Still Can’t Name the Culprit (Sp.)

Gas leaks from the Nord Stream pipeline system were detected on 26 September 2022, with the EU leadership admitting that this could be the result of a “deliberate attack”. Two days later, on 28 September, the Kremlin announced that Russia was ready to consider applications from EU countries for a joint investigation into the Nord Stream incident. However, not only did the West snub Moscow’s request but also blamed Russia for destroying its own pipelines. Later, European and American officials backtracked on their accusations but fell short of naming a potential perpetrator. On 12 October 2022, Russian President Vladimir Putin called the incident “an act of international terrorism”. Meanwhile, as gas prices soared and US energy producers secured lucrative LNG contracts with European countries, it became clear that Washington had been the major beneficiary from the Nord Stream destruction. Furthermore, the US leadership had previously issued several threats that it would destroy the pipelines.

“We know that the United States President Joe Biden, threatened openly that he would stop Nord Stream 2 if the Russians were to militarily intervene in Ukraine,” Philip Giraldi, former CIA station chief and now an executive director of the Council for the National Interest, told Sputnik. “That was repeated by Victoria Nuland, who was Number Three at the State Department. She said basically the same thing. So we had the President and a senior official both saying that they would stop the pipeline if this were to happen. So we have a statement coming from the government itself saying it would do this.” “And then I would say on top of that, the United States – given its military capabilities – had the capability to do this. They sent divers down to attach explosives and to arrange for a drone satellite that would ignite the charges and blow up the pipelines.

“It had the capability to do it. And it also had the motive, which was basically to weaken Russia’s ability to use its energy resources to affect politics in Europe. So this is what it was all about,” Giraldi continued. On 8 February 2023, Pulitzer Prize-winning journalist Seymour Hersh dropped a bombshell, detailing an apparent plot by Team Biden and the US intelligence community to blast the Nord Stream pipelines with the help of Norwegian operatives. Reflecting on Hersh’s version, Giraldi said that he feels that Hersh’s narrative is “correct in every detail.” “And I can confirm to you that Sy Hersh, whom I know somewhat, has excellent sources inside CIA and inside the Pentagon. So what he’s telling us comes straight from people who know about it,” the CIA veteran said.

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Scapegoat.

• Canadian Parliament Speaker Resigns After Honoring Ukrainian Nazi (RT)

Canadian House Speaker Anthony Rota stepped down on Tuesday after a Nazi veteran was his invited guest at a speech by Ukrainian President Vladimir Zelensky. The invitation has faced widespread condemnation. Rota apologized on Monday for the presence of 98-year-old Yaroslav Hunka at Zelensky’s address to Canadian lawmakers on Friday, but refused to resign. Although lawmakers from all parties – including Prime Minister Justin Trudeau – cheered and applauded Hunka at the event, calls for Rota’s resignation grew over the weekend as the incident drew worldwide attention, particularly from the governments of Russia and Poland. Rota eventually announced his resignation on Tuesday afternoon, stating that he would leave his position at the end of Wednesday’s session.

“The work of this house is above any of us. Therefore, I must step down as your speaker,” Rota said. “I reiterate my profound regret for my error.” Politicians from the opposition New Democrats and Bloc Quebecois parties issued the loudest demands for Rota’s resignation, with New Democrats leader Peter Julian describing the invitation as “an unforgivable error which puts the entire House in disrepute.” Trudeau, who leads the Liberal Party, of which Rota is a member, did not call for the speaker’s resignation, but described the ceremony as “deeply embarrassing for the House and for Canada.” During the event, Rota hailed Hunka as “a Ukrainian hero, a Canadian hero… who fought for Ukrainian independence against the Russians.”

Rota did not mention that Hunka fought in Hitler’s elite Waffen SS, but the nonagenarian was identified by the Associated Press as a member of the First Ukrainian Division, a volunteer unit created by the Nazis in 1943. Also known as the 14th Waffen Grenadier Division of the SS, the unit is known to have committed atrocities against Jews and Poles during its campaign on the Eastern Front. “There should be no confusion that this unit was responsible for the mass murder of innocent civilians with a level of brutality and malice that is unimaginable,” the Toronto-based Friends of Simon Wiesenthal Center (FSWC) said in a statement on Sunday.


The Ukrainian Postal Service is now issuing stamps of Waffen SS Nazi Galicia Yaroslav Hunko

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“..the ultra-liberal ideology propagated in Canada and permeated with hatred for Russia, its culture, religious and traditional values, essentially has the same roots as Nazism.”

• Russian Foreign Ministry Responds To Canada Honoring Nazi Veteran (RT)

The Canadian Parliament’s public celebration of a Ukrainian Nazi veteran last week is a cynical abuse of the memory of the victims of Nazism and an example of the blatant Russophobia embraced by the Canadian government, Russia’s Foreign Ministry said in a statement published on Tuesday. The message comes after the Canadian House of Commons on Friday gave a standing ovation to 98-year-old Yaroslav Hunka, a member of the 14th Waffen Grenadier division of the SS, which was responsible for countless war crimes during the second half of World War II. The commemoration took place during a visit by Ukrainian President Vladimir Zelensky. The Russian Foreign Ministry stated that the incident was “the best possible way to characterize the regime of Prime Minister Justin Trudeau, who has embraced unbridled Russophobia.”

After facing backlash from Jewish and Polish communities over the incident, House Speaker Anthony Rota apologized for inviting the Nazi veteran, while Prime Minister Justin Trudeau described the situation as “profoundly embarrassing.” The Russian ministry stressed, however, that despite Canada’s apologies, “the fact remains that the ultra-liberal ideology propagated in Canada and permeated with hatred for Russia, its culture, religious and traditional values, essentially has the same roots as Nazism.” Moscow added that it was “no coincidence” that Canada has monuments to Ukrainian nationalist leaders while the government allows the overwhelming majority of Nazi veterans like Hunka, who was granted asylum in Canada after the end of World War II, to live out their days “in safety, honored and cared for (in particular, by Deputy Prime Minister Chrystia Freeland) as ‘fighters against Russian Communism.’”

The ministry concluded its statement by stressing that the “hostile actions” of the Canadian government, such as the continuous expansion of anti-Russian sanctions and blacklists of Russian nationals will not be left unanswered and that Moscow will not tolerate the fact that “Canadian liberals are flirting with Nazism.” “We expect that healthy forces in Canadian society will speak out against the ‘Nazification’ of history and daily life encouraged by the country’s officials, which goes hand-in-hand with aggressive Russophobia,” it said.

Russia to Canada
https://twitter.com/i/status/1706499953432924204

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“Canada is not a unique situation. Ten thousand Nazi war criminals emigrated to the United States, thousands to Australia, Great Britain, and in fewer numbers to New Zealand.”

• Nazi Hunter: Canada Failed Miserably in Bringing Nazis to Justice (Sp.)

Ninety-eight-year-old Ukrainian Nazi veteran Yaroslav Hunka, who fought in the ranks of the Schutzstaffel’s (SS) 14th Waffen Grenadier Division, was enthusiastically hailed by Canadian lawmakers and Ukrainian President Volodymyr Zelensky. The incident triggered a wave of fierce criticism, prompting House of Commons Speaker Anthony Rota to apologize for featuring a Nazi soldier in the Canadian legislature. Sputnik reached out to Dr. Efraim Zuroff, a legendary Nazi hunter of the Simon Wiesenthal Center and the director of its Israel Office, to ask why the scandalous honoring of a Nazi became possible in a modern Western state. “It’s no secret that hundreds, at least hundreds, if not thousands of people who committed Holocaust crimes and/or collaborated with the Nazis were able to emigrate to Canada,” Dr. Zuroff told Sputnik.

“And by the way, Canada is not a unique situation. Ten thousand Nazi war criminals emigrated to the United States, thousands to Australia, Great Britain, and in fewer numbers to New Zealand.” Dr. Zuroff is unfamiliar with the particular case of Yaroslav Hunka, but it is still well known that the Waffen SS Galicia Division was “very involved in the mass murder of Jews and Poles in eastern Poland and Galicia,” he pointed out. “And it’s a very sad thing that the heroes, the leadership of the Ukrainian nationalists during World War II, which was headed by Stepan Bandera, for example and the UPA*, the army raised by the Ukrainians to fight with the Germans, with the Waffen SS, which was led by Roman Shukhevych, these are the heroes of Ukraine,” the Nazi hunter highlighted.

It is common knowledge that Nazi Germany played the lead role in the Holocaust – the systematic state-sponsored killing of European Jews in the Second World War. Still, Westerners are not fully aware of the incredibly important role played by local collaborators in the mass murder of the Jewish people, according to Dr. Zuroff. Nazi Germany’s Einsatzgruppen, mobile killing units organized by the SS (tasked with the “final solution of the Jewish question, i.e. the genocide of the ethnic group), “covered an area from Tallinn in the north of Estonia, all the way down to Odessa, near the Black Sea, a front of 1,500 kilometers, and murdered 1.5 million, primarily Jews, in less than two years,” the expert said.

“There were only several thousand people who served in the Einsatzgruppen, and they were working in territory, which they didn’t know the language, they didn’t know the topography. They needed help from the locals,” he explained, adding that this help was provided. “And they’re [locals] the ones who carried out these murders, in many cases without any Germans present. We know in Lithuania, for example, that there were less than a thousand Germans in Lithuania. In Lithuania, there were 220,000 Jews who lived under the Nazi occupation, of whom 212,000 were murdered, 90% of them by shooting near their homes.”

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The Black Sea Fleet command convenes in an underground bunker.

• Russian Black Sea Fleet Commander Seen Alive and Well (Sp.)

Western media reported that Russian Black Sea Fleet commander Admiral Viktor Sokolov was killed in Ukrainian attack on Sevastopol, citing Ukrainian officials, without verifying the information. Ukraine used several British-sourced Storm Shadow cruise missiles to target the HQs building of the Russian Fleet in Sevastopol, Crimea last Friday. Russian Black Sea Fleet commander Admiral Viktor Sokolov has turned up alive and well, taking part in a Defense Ministry board meeting alongside Defense Minister Sergei Shoigu on Tuesday. Sokolov’s appearance follows claims in dozens of Western media outlets quoting Ukraine’s Special Operations Forces claiming that he had been killed in last week’s strike on the Black Sea Fleet’s HQ in Sevastopol.

The Russian Defense Ministry said six people were injured in the September 22 attack, with one person unaccounted for and the HQ’s historic building suffering damage. These figures are a far cry from estimates made by Kiev – which claimed that dozens of servicemen and officers were killed and over 100 injured. US reconnaissance forces were spotted in the area near the HQ two days prior to the attack, prompting Russian and US military observers to tell Sputnik that they suspect direct NATO involvement in the strike. The UK approved the delivery of Storm Shadow cruise missile systems to Ukraine in May, with Ukraine’s armed forces subsequently using them liberally, including to attack built-up civilian areas in the Donbass. Despite generous arms deliveries, intelligence and other support to Kiev, the United States and most of its allies refuse to admit that the Ukrainian crisis is a NATO proxy war against Russia.

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Where do they find these people?

• Nothing Is Off Table To Get Ukraine Into EU – Parliament President (G.)

The European Union must begin a major wave of change to prepare for the arrival of Ukraine as a member state, the leader of its parliament has said, with “nothing off the table”, including removing trade tariffs and giving Kyiv access to internal markets before full membership. Speaking exclusively to the Guardian, Roberta Metsola, an MEP from Malta who became the European parliament’s youngest ever president last year, said she expected member states to begin formal negotiations with Ukraine as soon as December. “If they are going fast, we should match that speed,” she urged. Metsola was the first political leader to visit Ukraine after Russia’s invasion, meeting the country’s president, President Zelenskiy, in Kyiv on 1 April 2022, when the capital was still under curfew and surrounded by tanks.

She has made the images of that encounter a symbol of her presidency: a poster of the pair in military green, shaking hands, hangs over the Parliament courtyard. Defying caution and outright antagonism from some member states, she has given unequivocal support to Ukraine’s attempt to join the EU, a process which has advanced even as the country’s attempts to join Nato have stalled. Ukraine is one year into a what many expect will be four or five year journey. But Metsola reflects fresh thinking among some EU leaders that the bloc needs to accelerate access to Ukraine- and the Balkan states that have also applied- in order to curb the risk of Russian interference in these former Soviet territories.

“Pushing the can down the road” on enlargement will only fuel nationalism and the far-right, she warned. “It increases the extremes on the political spectrum, the Euroscepticism. Campaigns in accession countries are fought, and lost or won, on the basis of the dream and hope of the EU.” Metsola wants formal talks to begin before Christmas. The decision rests with EU ministers, who will meet formally in December after a public report in October on Ukraine’s progress in reforming its judiciary, curbing corruption and opening its markets. “I expect a concrete outcome because the worst signal could be that we have given these people targets and deadlines which we can’t meet ourselves,” said Metsola.

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They strip off the protective parts before shipping them to Kiev.

• How Russia Will Deal With American Tanks in Ukraine (Sp.)

Ukraine has received some of its long-promised Abrams tanks, with the rest scheduled to be delivered later this fall. The long wait began in January, when US President Joe Biden announced that a battalions’ worth of America’s best tanks would be sent to “improve” Ukraine’s “ability to maneuver in open terrain.” The Abrams are the last of three NATO heavy tank platforms to be delivered to Ukraine to date, with Washington using promises about their deployment to get the alliance’s European members, particularly Germany, to approve the sending of their Leopard series MBTs (hundreds of Leopard 1 and Leopard 2 tanks have been sent to Kiev since then). The UK also joined in, sending 14 of its fearsome Challenger 2s – boasting the status of one of the only major MBTs in NATO armies’ service never to have been destroyed by the enemy in battle.

Russian forces taking on Ukraine’s NATO-equipped army during the summer counteroffensive soon changed all that, with dozens of Leopard 1 and Leopard 2s knocked out, and at least two of Britain’s “unbeatable” tanks taken out in fierce fighting in Zaporozhye after finally appearing on the battlefield earlier this month. [..] The Abrams tanks that Ukraine is getting aren’t up to the same standard as those used by the US military. While its tanks are receiving the same controversial depleted uranium munitions which the US and NATO have already successfully used to poison vast swathes of the former Yugoslavia and Iraq, they are not equipped with the same layer of ultra-thick DU armor plates for enhanced protection of the tank and its crew that US Army Abrams have.

Ukraine’s Abrams are made from refurbished hulls and turrets from California’s Sierra Army Depot, with their DU armor plating removed for secrecy reasons. With the tanks proving vulnerable to enemy anti-tank systems even with the DU armor installed, Russian forces should have no problem using any or all of the above-mentioned weapons systems to target them.

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Wonder what’s in the tax filings (not inflated numbers!). Wonder if the banks saw those. And if not, why.

• US Judge Finds Trump Committed Fraud by Inflating Wealth, Assets (Sp.)

A New York state judge on Tuesday found former US President Donald Trump liable for fraud in a civil lawsuit that accuses the one-time commander of intentionally inflating his wealth and asset value. The 35-page ruling, brought forward by the New York Attorney General’s Office, determined Trump and company submitted multiple misleading valuations for real estate assets in official statements to insurers and other financial institutions in order to secure favorable loans and lower insurance premiums throughout the years. Properties listed in the suit included Trump’s Mar-a-Lago Florida resort, his golf course in Scotland, Trump Park Avenue, and his Seven Springs property in New York’s Westchester County, among other sites.

“In defendants’ world, rent-regulated apartments are worth the same as unregulated apartments; restricted land is worth the same as unrestricted land; restrictions can evaporate into thin air,” Judge Arthur Engoron wrote in the decision. “That is a fantasy world, not the real world.” In granting a partial summary judgement to NY Attorney General Letitia James, Engoron outlined that such business maneuvers violated the law and as such canceled the business certificates of Trump and listed defendants, including those of his sons Donald Trump Jr. and Eric Trump. Also named were Allen Weisselberg, who served as the chief financial officer of the Trump Organization, and company executive Jeff McConney. Additionally, Engoron ordered individual sanctions of $7,500 against lawyers who represented the listed Trump defendants and required that within 10 days’ time each defendant submit three independent receivers to manage the dissolution for the business certificates.

The Trump camp has argued claims laid out in the civil filing are barred due to the statute of limitations, with lawyer noting banks involved in the Trump-affiliated deals were far from victims as the same entities turned profits. The former president has also rejected committing any wrongdoing, instead claiming James’ suit is a politically-driven attack. The Tuesday ruling, which denied a request by Trump to end the civil fraud lawsuit, did not settle six other claims at the center of James’ lawsuit. In fact, a non-jury trial set to start on October 2 will address the remaining key points. The New York attorney general is seeking about $250 million in damages and is looking to enforce a ban on Trump doing any business in the Empire State.

Read more …

He should have given the laptop to WikiLeaks.

• Hunter Biden Sues Rudy Giuliani for Spreading Contents From Laptop (Sp.)

The lawsuit, which relies on the Computer Fraud and Abuse Act, was filed in the Central District of California. Neither Rudy Giuliani nor Hunter Biden live in that district and the alleged crimes took place in Delaware. Whistleblower Bradley Birkenfeld told Sputnik the choice was the result of “venue shopping.” Embattled first son Hunter Biden is continuing to file lawsuits against individuals he blames for the release of the contents of a laptop he reportedly abandoned at a Delaware computer repair store. The lawsuit is against former New York City mayor and Donald Trump lawyer, Rudy Giuliani. The suit, filed in the Central District of California, accuses the former mayor of “looking for, hacking into, tampering with, manipulating, copying, [and] disseminating … data that was taken or stolen,” thereby violating the Computer Fraud and Abuse Act.

It is the latest string of lawsuits brought by Hunter Biden against individuals surrounding his laptop. He also sued the owner of the non-profit Marco Polo, which has been publishing the contents of the laptop, the owner of the computer repair shop where Biden reportedly abandoned the laptop and the FBI for allegedly violating his privacy when two FBI agents told Congress and the media they were concerned the agency was slow-walking the investigation. The laptop in question first made headlines in October 2020, shortly before the 2020 presidential election. Reportedly, the computer repair shop owner had given the laptop to the FBI months before, but after not hearing anything about it on the news, contacted Giuliani’s lawyer at the time Bob Costello and provided him a copy of the computer’s hard drive. Costello is also a defendant in Biden’s latest lawsuit.

Contents of the laptop were published by the New York Post, showing the future first son smoking what appears to be crack cocaine, fornicating with suspected prostitutes and other salacious details. Further reporting on the laptop revealed emails related to Hunter Biden’s foreign business deals and financial records showing the Biden family received millions of dollars from foreign businesses, including those in Ukraine, Kazakhstan, China and Russia. Some of the email and text messages found on the iPhone backup implied that current US President Joe Biden may have joined in on some business calls with his son and references to payments made to “the big guy” have been pointed to by critics as proof the elder Biden was more involved in his son’s business deals than the president claimed. As recently as August, the US president has reiterated he “never talked business” with his son.

The laptop was originally called “Russian disinformation” by multiple media outlets in the United States, and more than 50 former senior intelligence officers signed a letter saying it had “all the classic earmarks of a Russian information operation.” One by one, the various outlets who discredited the laptop as disinformation quietly admitted it was legitimate and a former CIA official testified to the House Judiciary Committee that former Biden campaign adviser and now-Secretary of State Antony Blinken “played a role in the inception.” Giuliani’s spokesman Ted Goodman pointed to the changing story of the laptop’s detractors when responding to the lawsuit. “Hunter Biden previously refused to admit ownership of the laptop. I’m not surprised he’s now falsely claiming his laptop hard drive was manipulated by Mayor Giuliani, considering the sordid material and potential evidence of crimes on that thing,” Goodman said.

Read more …

My son is the smartest man I know.

• Hunter Biden Used Dad’s Classified Doc House For $250K China Wire Transfer (ZH)

Hunter Biden used his Dad’s Delaware home where classified documents were found strewn about the garage to receive more than $250,000 in Chinese wire transfers, according to the House Oversight Committee. The wires were from Wang Xin and Jonathan Li, the latter of whom ran a Chinese private equity fund (BHR) which Hunter was listed as being on the board of directors. Hunter also arranged for a meeting between Li and Joe Biden while Joe was VP, while Joe allegedly gave Li’s son a letter of recommendation. Here’s the breakdown of events from the Committee:

• 2009-2017: During his time as Vice President and prior to later payments to Hunter Biden, evidence shows Joe Biden developed a familiar relationship with Jonathan Li. Devon Archer, a Biden business associate, described how Joe Biden met with Jonathan Li for coffee in Beijing, China, had a phone call with him, and wrote college recommendation letters for his children.
• April 25, 2019: Joe Biden announced his candidacy in the 2020 presidential election.
• July 26, 2019: Wang Xin wired $10,000 with Joe Biden’s home listed on the wire.
• August 2, 2019: Jonathan Li wired $250,000 with Joe Biden’s home listed on the wire.
• October 13, 2019: George Mesires, who served as Hunter Biden’s lawyer, stated, in part, that Hunter Biden served with BHR “only as a member of its board of directors,” which was purportedly an “unpaid position.”
• October 22, 2020: During a presidential debate, Joe Biden said, “My son has not made money […] in China.”

Of note, Hunter was living at the Wilmington house while he was raking in millions of dollars from CCP-linked business dealings. Hunter was living there… Seamus Bruner (researcher for legendary bombshell-dropper Peter Schweizer), reports via Breitbart News, that “While addicted to drugs, cavorting with prostitutes, and making deals with businessmen tied to the highest levels of Chinese intelligence, Hunter Biden lived in the house where Joe Biden stored classified documents.” Second, the Washington Free Beacon reported in January that photos from Hunter Biden’s abandoned laptop place him at the Wilmington House in July, 2017. Of note, the classified documents were reportedly brought to the house in January of that year. The photos ‘are the most concrete evidence to date’ that Hunter – who was actively negotiating a deal with a CCP-linked Chinese energy company – had access to areas of his father’s home where classified documents were stored.

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I know there’s the EU’s Code of Practice on Disinformation, and I know there’s the Digital Services Act, but I don’t know who decided that Musk is violating either.

Oh, and it’s basically all Russia Russia. Ring a bell? It’s like Trudy reacting to the Nazi he celebrated by saying we should all be wary of Russian disinformation. Same thing. Diversion. Squirrel!

• EU Warns Elon Musk After X Found To Have Highest Rate Of Disinformation (G.)

The EU has issued a warning to Elon Musk to comply with sweeping new laws on fake news and Russian propaganda, after X formerly known as Twitter was found to have the highest ratio of disinformation posts of all large social media platforms. The report analysed the ratio of disinformation for a new report laying bare for the first time the scale of fake news on social media across the EU, with millions of fake accounts removed by TikTok and LinkedIn. Facebook was the second worst offender, according to the first ever report recording posts that will be deemed illegal across the EU under the Digital Services Act (DSA), which came into force in August.

Nevertheless, Facebook and other tech giants, including Google, TikTok and Microsoft, have signed up to the code of practice the EU drew up to ensure they could get ready in time to operate within the confines of the new laws. Twitter left the code of practice but it is obliged under the new law to comply with the rules or face a ban across the EU. Mr Musk knows he is not off the hook by leaving the code of practice, said the European commissioner Vera Jourova, who is responsible for the implementation of the new anti-disinformation code. There are obligations under the hard law. So my message for Twitter/X is you have to comply. We will be watching what you do.

X, formerly Twitter, is the platform with the largest ratio of mis/disinformation followed by Facebook, she told reporters. The 200-page report is an account of the work the large platforms have done in the first six months of 2023 to prepare for compliance with the new law and lifts the lid on the behind-the-scenes efforts made by Facebook and others to crack down on Russian propaganda, hate speech and other disinformation. The Russian state has engaged in the war of ideas to pollute our information space with half truth and lies to create a false image that democracy is no better than autocracy, said Jourova.

Read more …

 

 

 

 


This five-month-old bar-tailed godwit smashed the record for long-distance migration following a non-stop, 11-day flight from Alaska to Tasmania: a 13,560 km journey beating the previous record, a godwit which flew 13,000 km

 

 

Burzynski

 

 

 

 

 

 

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

 

 

 

 

 

Debt Rattle September 25 2023

Sep 252023
 
 September 25, 2023  Posted by at 8:55 am Finance Tagged with: , , , , , , ,  43 Responses »


Vincenzo Camuccini La Morte Di Cesare 1804

 

• Russia Will Ask Canada to Explain Decision to Honor Nazi Veteran (Sp.)
• “They’re All Afraid” (WeltWoche.ch)
• US Government Stopped Me From Interviewing Putin – Tucker Carlson (RT)
• Dossier To Accuse Russia Of Deliberately Causing Starvation In Ukraine (G.)
• Zelensky’s Vow to Continue Offensive Through Winter is Wishful Thinking (Sp.)
• Western Officials Pressuring Zelensky To Hold Elections – WaPo (RT)
• Brussels Should Buy Ukrainian Grain For Africa – Lavrov (RT)
• Russell Brand, Another Truth Warrior ‘Guilty Until Proven Innocent’ (Bridge)
• Is Censorship a Partisan Issue? (RCP)
• Trump Leading Biden By Double Digits – Poll (RT)
• Biden Scapegoats ‘Extreme’ Republicans For Looming Government Shutdown (Sp.)
• My Addiction: A Playlist in Three Acts (Scott Ritter)

 

 

1997

 

 

Freak show

 

 

 

 

 

 

 

 

For the Russians, this is the same as supporting the Azov batallion.

“..it is impossible to do business with the current Trudeau cabinet, which is the personification of neoliberal fascism..”

“I believe that this is not a mistake. This is simply a consequence of the impunity of former Nazi criminals, the impunity of the activities of the Canadian Ukrainian Congress..”

• Russia Will Ask Canada to Explain Decision to Honor Nazi Veteran (Sp.)

Russian Ambassador to Canada Oleg Stepanov told Sputnik that on Monday he would request explanations from the Canadian Foreign Ministry and the Prime Minister’s office in connection with the invitation and honoring in the country’s parliament of Ukrainian Nazi veteran Yaroslav Hunka. On Friday, Hunka, a 98 years-old Ukrainian Nazi veteran who fought in the ranks of the 14th Waffen Grenadier Division of the Nazi SS during the Second World War, was given a standing ovation by the entire Canadian legislature. Hunka’s recognition happened as the Speaker of the House of Commons, Anthony Rota, was giving introductory remarks prior to Ukrainian President Volodymyr Zelensky’s address to the Canadian parliament.

“The embassy will take appropriate official steps. We will, of course, demand clarification from the Canadian government,” Stepanov said, adding that the notes would be sent on Monday to the Foreign Ministry and the office of the Prime Minister. At the same time, Stepanov noted that he has no illusions about the response of the Canadian government as it has become “a nest for Nazi criminals.” “We, of course, will make the necessary demarches, but I have no illusions because it is impossible to do business with the current Trudeau cabinet, which is the personification of neoliberal fascism,” Stepanov added. But Stepanov does not believe the invitation was the merely the result of negligence, but rather stems from Canada’s policy towards former Nazi party members.

“I believe that this is not a mistake. This is simply a consequence of the impunity of former Nazi criminals, the impunity of the activities of the Canadian Ukrainian Congress, which consists of children and grandchildren, who are mainly descendants of these Nazi henchmen, punishers, SS men,” Stepanov said. He also recalled the process of the extradition of Helmut Oberlander, which was dragged out until the death of this Nazi collaborator “in the comfort and care of Western medicine,” about the monuments to the punishers of the 14th SS-Volunteer Division “Galicia” and the Nachtigall Battalion in Canadian cemeteries, etc.

“The fact that in our time this is possible in a country that was a member of the anti-Hitler coalition, which is considered civilized, tolerant, and a supporter of respect for all human rights, the fact that neo-Nazism lives and flourishes here is simply unacceptable, but apparently Canada, under the auspices of the United States, is getting away with everything,” Stepanov added. On Sunday, Rota apologized for his decision to invite Hunka. Trudeau’s office said, in turn, that neither the Canadian prime minister nor Zelensky’s delegation were notified in advance of the invitation of Hunka.

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“They’re trying to put Trump in prison for the crime of running against Joe Biden … That’s what this election’s about.”

• “They’re All Afraid” (WeltWoche.ch)

Tucker Carlson is unstoppable. Since his sudden departure from Fox News he scores record viewer ratings. In an exclusive interview with Weltwoche, the political media star demolishes the mainstream media’s manipulation machine, reveals his concerns about a potential Donald Trump Restoration, he speaks about the disturbing state of the Biden family and discusses what’s next for him in a Post-Fox News Order. When Tucker Carlson departed the Fox News Channel in April, his enemies cheered. But if they thought the happy warrior had finally been defeated, their judgment was as dismal as their approval ratings. With an assist from Elon Musk, Carlson is reaching an even larger, global audience with his new show, “Tucker Carlson on Twitter (now known as ‘X’).”

The veteran newscaster has expanded his mission: to defeat the mainstream media’s suffocating bias and incuriosity not just about critical events at home but in capitals around the world. When we reach him, Carlson has just returned from the United Arab Emirates where he met with its president, Mohamed bin Zayed. Carlson pronounces the sheikh “the most interesting, wisest leader I’ve ever spoken to” — a provocative assessment given that the talk show host sat across from Donald J. Trump last month. Of the Arab leader, Carlson enthuses, “I’ve never met a more humble leader, ever — and I believe humility is a prerequisite for wisdom.” Carlson is far less kind about his colleagues in the press. “They’re all fearful people,” the 54-year-old scoffs. Instead of holding the powerful to account, “they do exactly the opposite.” Indeed, “they do their bidding.”

Looking ahead to the Presidential elections in 2024, he says: “They’re trying to put Trump in prison for the crime of running against Joe Biden … That’s what this election’s about. Are we going to allow that, or aren’t we? And I just don’t think we can.”

Weltwoche: Since leaving Fox and going solo with your new show, “Tucker Carlson On Twitter (now known as ‘X’),” your posts have logged tens and sometimes hundreds of millions of views. You’re taking off like Buzz Lightyear. Are you feeling the freedom? To explore more topics and ideas? To express your views?” Tucker Carlson: “Well, definitely. If anything, I’ve expressed my views less. I haven’t done many straight-to-camera scripts where I write the script and give my opinion. I’ve done what I’ve wanted to do for a long time but couldn’t, which is get on an airplane and go see the rest of the world. I couldn’t because I had a daily show I had to do.

I’ve become convinced over the past several years — particularly since the war in Ukraine began — that the world is changing much more quickly than most Americans understand. And because there’s virtually no coverage of the rest of the world in American media, Americans don’t have a good sense of it. What we, in this country, refer to as the “Post-War Order” — the institutions set up in the wake of World War II to keep the world peaceful and prosperous and the United States at the top of the pyramid, and that would include the dominance of the dollar, the SWIFT system, NATO — all of that appears to me to be crumbling. That’s my view of it. I’ve wanted to travel and see if that is, in fact, happening — and it is.

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“I’m a much more loyal American than, say, Joe Biden or Kamala Harris, who didn’t even grow up in this country; she grew up in Canada. And they’re telling me what it is to be a loyal American?”

• US Government Stopped Me From Interviewing Putin – Tucker Carlson (RT)

Former Fox News host Tucker Carlson has alleged in a recent interview that unnamed figures in Washington obstructed his attempts to interview Russian president Vladimir Putin. “I tried to interview Vladimir Putin, and the US government stopped me,” Carlson claimed in an interview with Swiss publication Die Weltwoche published on Thursday. He also explained that he felt let down by the lack of support for his situation that he says he received from US news media. He said: “I don’t think there was anybody who said ‘wait a second. I may not like this guy but he has a right to interview anyone he wants, and we have a right to hear what Putin says’.” The 54-year-old added: “You’re not allowed to hear Putin’s voice. Because why? There was no vote on it. No one asked me.”

The often-controversial media personality didn’t elaborate on the circumstances under which he says there was government intrusion into his plans to interview Putin but it appeared to suggest that it was the current Biden administration which was behind the meddling. Carlson also didn’t mention when the interview with the Russian leader was supposed to take place. “I’m an American citizen,” Carlson told Die Weltwoche. “I’m a much more loyal American than, say, Joe Biden or Kamala Harris, who didn’t even grow up in this country; she grew up in Canada. And they’re telling me what it is to be a loyal American?” Carlson –previously Fox News’ biggest star– parted ways with the broadcaster in April shortly after the news network settled for $787.5 million a lawsuit with voting-machine company Dominion Voting Systems. Fox News had regularly discussed claims on some of its shows that Dominion’s machines were involved in ‘rigging’ the 2020 US presidential election.

Carlson’s show Tucker Carlson Tonight, during which he frequently discussed issues like gender, race, sexuality and ‘woke’ ideology, was specifically referenced in the Dominion lawsuit. Since leaving Fox News, Carlson has broadcast abridged versions of his news show on X (formerly Twitter) which regularly draw tens of millions of views. Meanwhile, Russia TV news channel Rossiya 24 has aired a teaser trailer for a weekend show it says is to be hosted by Carlson. The promo was first broadcast earlier this month and again on September 22 along with the words “at the weekend.” It adds that the “high-profile American presenter is moving to another level. Here.” Rossiya 24 didn’t state when the show will debut or if it will be original content or translated versions of Carlson’s X broadcasts.

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Shut up, Guardian.

• Dossier To Accuse Russia Of Deliberately Causing Starvation In Ukraine (G.)

Human rights lawyers working with Ukraine’s public prosecutor are preparing a war crimes dossier to submit to the international criminal court (ICC) accusing Russia of deliberately causing starvation during the 18-month-long conflict. The aim is to document instances where the Russian invaders used hunger as a weapon of war, providing evidence for the ICC to launch the first prosecution of its kind that could indict the Russian president, Vladimir Putin. Yousuf Khan, a senior lawyer with law firm Global Rights Compliance, said “the weaponisation of food has taken place in three phases,” starting with the initial invasion where Ukrainian cities were besieged and food supplies cut.

Among the incidents documented was when 20 civilians were killed in Chernihiv in the early morning of 16 March 2022, when Russian fragmentation bombs exploded outside a supermarket in the city where Ukrainians were queueing for bread and food. Investigators are also focusing on the siege of Mariupol, Khan added. Food supplies were cut to the city and humanitarian relief corridors blocked or bombed, making it very difficult or impossible for desperate, starving civilians to escape. The second phase includes the destruction of food and water supplies as well as energy sources across Ukraine during the fighting, which the lawyer described as “objects indispensable to the survival of the civilian population”.

Such attacks, Khan argued, were “not crimes of result but crimes of intent” because “if you are taking out objects that civilians need, like energy infrastructure in the dead of winter, there is a foreseeability to your actions”. Cities such as Mykolaiv in the south were left without drinking water from early in the conflict after Russian forces captured the pumping station that supplied it. The remaining residents were forced to rely on water being driven in daily to ensure they could drink and wash safely. The third element is Russian attempts to prevent or restrict exports of Ukrainian food. “Then we’ve seen Russia attack grain facilities on the Danube and engage in muscle flexing on the Black Sea,” Khan said, citing reports from Ukrainian officials that 270,000 tonnes of the foodstuff were destroyed in late July and early August.

Fresh accusations that Russia sought to starve Ukrainians are particularly emotive in the light of the two countries’ history: in 1932-33, millions died of hunger in the Holodomor, an enforced famine engineered by Joseph Stalin’s Soviet government. But they have been given a renewed emphasis after the passage of a UN security council resolution in 2018 which condemned the use of starvation as a weapon of war, and revisions to the ICC’s governing Rome statute in 2019, to expand the type of cases that can be brought.

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“Who will they send to the frontline? In reality, they can assemble a new army by spring, train it at the training grounds, teach it to shoot, teach it to use equipment..”

• Zelensky’s Vow to Continue Offensive Through Winter is Wishful Thinking (Sp.)

The Kiev regime is reportedly going to continue its “counteroffensive” in autumn and through winter, as per President Volodymyr Zelensky. But does Ukraine have enough resources for that? Ukraine’s president has argued that the country made a mistake by taking a pause last year after gaining some of the territory previously liberated by Russia. Speaking to the US press, after a day of meetings on Capitol Hill and the White House, Zelensky pledged to keep fighting through the autumn and winter this year. He also vowed to take Artemovsk (also known as Bakhmut) and a couple “more cities”. He said that US assistance should keep flowing to Ukraine, despite growing calls in the US Congress to reduce or halt the financial assistance altogether.

Zelensky’s vows appear to be nothing but wishful thinking: it’s unclear where he would get more troops and munitions for the protracted fighting according to Aleksey Borzenko, a military journalist and deputy chief editor of the “Literary Russia” newspaper. “Who will attack? Over the past two or three months, the Russian Army has crushed a large number of [Ukrainian] personnel, armored vehicles and howitzers. So who will attack? This question is very important. Who will they send to the frontline? In reality, they can assemble a new army by spring, train it at the training grounds, teach it to shoot, teach it to use equipment,” Borzenko told Sputnik. It’s unlikely that they would come with some sort of a sophisticated offensive strategy, according to the expert.

They have already used both Western and old Soviet tactics to attack Russia’s positions; they tried to push through Russia’s defenses in large groups and in small groups. However, they got bogged down, sustained heavy losses, and eventually failed to move through Russia’s multi-layered defenses, Borzenko noted. Likewise, they are unlikely to use NATO-grade heavy tanks during autumn and winter, since these heavy armored vehicles are not meant for dire weather conditions, the expert continued. He suggested that the Ukrainian military will use what it has left of its Soviet-era T-72 stash. “What other weapon [could be used]? They are waiting for aviation, but the F-16 will not change much,” he said. “[Russian forces] will hunt for them and shoot them down.

But they also need F-16s not so that they can organize air battles on the line of contact with [Russian] fighters, but in order to launch tactical missiles. These are all the latest missiles that they received in a few months, and they are waiting for ATACMS. Still, Zelensky specified during his recent interviews with US media that those long-range missiles would be used to “strike targets deeper” in Russia’s territory. This fits into Kiev’s terrorist tactics of launching strikes against civilian areas, nuclear power plants and infrastructure facilities in Russia. Yet this does not have anything to do with the balance of power on the battlefield. When it comes to the battleground, artillery duels and counter-battery combat, Ukrainians don’t have enough munitions, per the analyst. They are expecting to get more 155 mm shells from NATO but it will take time. Their 152 mm ammo stockpiles have been depleted too, he noted. “How many 152 mm shells do they have left? They receive them from the countries of the former Warsaw Pact. These are still old stock from the 1980s,” Borzenko said.

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To show how popular he is? There’s nobody left to run against.

• Western Officials Pressuring Zelensky To Hold Elections – WaPo (RT)

Ukrainian officials are resisting calls from Kiev’s Western backers to hold parliamentary and presidential elections, even as martial law prohibits such processes, the Washington Post reported on Sunday. Several Western politicians, including Tiny Kox, head of the Council of Europe’s Parliamentary Assembly, and Democratic US Senators Richard Blumenthal and Elizabeth Warren, have urged Kiev to hold elections, the report says. Their efforts were also supported by Republican Senator Lindsey Graham, who described a ballot in Ukraine not only as “an act of defiance against the Russian invasion, but an embrace of democracy and freedom.” However, according to officials in Ukraine and experts interviewed by the Post, holding elections in a country embroiled in a major conflict “is virtually impossible and also ill-advised.”

The conundrum stems from the Russian military presence in regions that Ukraine claims as its own, as well as from the fact that millions have fled the country and tens of thousands of soldiers are deployed. Officials in Kiev reportedly believe that a major vote would require local authorities to overcome enormous financial, logistical, and legal hurdles. Some are said to be wary that Russia could exploit the elections by fomenting division, infiltrating its assets and weakening Ukraine from within. “The Russians are pushing for this through their secret channels,” an anonymous Ukrainian security official told the outlet. “There is no situation in which it is possible to have a democratic election during the war.” However, according to the Washington Post article, Kiev cannot dismiss out of hand the calls for elections without risking alienating its Western backers, who have emerged as crucial sources of financial and military support.

However, the Biden administration is said to be sympathetic to the obstacles facing Kiev and is not pushing for elections. Martial law, first imposed shortly after the start of Russia’s military campaign in February 2022 and repeatedly extended since then, prohibits the holding of presidential and parliamentary elections in Ukraine. In June, President Vladimir Zelenksy said that the vote could take place only after the end of hostilities. In August, however, he conceded that an election could take place but on condition that the parliament quickly change national legislation and the West provide an additional $135 million in funding. The latter statement was denounced by US Republican presidential hopeful Vivek Ramaswamy as a “ballot-box shakedown.”

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Good idea.

• Brussels Should Buy Ukrainian Grain For Africa – Lavrov (RT)

The European Commission should buy the Ukrainian agricultural produce that the bloc says it doesn’t need and ship it to African countries, Russia’s foreign minister Sergey Lavrov has said at the UN General Assembly (UNGA). Western allies have repeatedly accused Moscow of trapping millions of tons of grain in Ukrainian Black Sea ports and of exacerbating a global food crisis, particularly across the African continent. “Since the European Commission is wasting tens of billions of dollars on Ukraine… it can buy the grain that Ukraine wants to sell and EU countries don’t want [to buy] for reasons of competitiveness, and send it to Africa,” Lavrov told the UNGA.

According to Russia’s top diplomat, Ukrainian agricultural produce is “being supplied to European countries in abundance” but many of them don’t want to buy it, because “they have their own farmers and don’t want them to go bust due to competition.” He also questioned the integrity of last year’s grain deal, pointing out during his speech at the UN that only 3% of the grain that was moved under this deal had reached the poorest countries in Africa. In addition, Lavrov said that some 260,000 metric tons of Russian fertilizers have been impounded in EU ports since 2022 and that Moscow was ready to ship these fertilizers to African nations for free. Russian fertilisers became the crucial point in talks over resuming the Black Sea Grain Deal that was clinched last year between Russia and Ukraine and brokered by the UN and Türkiye.

The deal was aimed at allowing Ukraine to export grain from its ports to countries in Asia, the Middle East and Africa, in exchange for lifting Western sanctions that prevented Russian agricultural exports. However, Moscow withdrew from the agreement in July, saying that the West was still making it impossible for Russia to ship food and fertilizer. Lavrov said that the Deputy Foreign Minister of Russia, Sergey Vershinin, is currently discussing the key issues related to the deal with UN representatives. He stressed also that Western states would be misleading UN Secretary-General Antonio Guterres by saying that the grain deal was about to resume. According to the minister, the deal can resume once Russia’s demands regarding its agricultural exports are fulfilled.

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“It’s a sick reality, but that’s the depraved sort of ‘journalism’ Western audiences can expect to receive – until they demand better.”

• Russell Brand, Another Truth Warrior ‘Guilty Until Proven Innocent’ (Bridge)

Imagine what a wonderful world it would be if journalists dug into stories like ‘Russian election collusion’ and ‘Hunter Biden’s laptop’ with the same amount of gusto as they do with stories involving the sordid sex lives of celebrities. And not just any celebrities, but specifically those who have touched the third rail, so to speak, exposing the establishment for their egregious crimes against humanity. Russell Brand is/was that sort of spirited and fearless individual. While initially part of the Hollywood circuit, appearing in films and performing stand-up comedy, the loquacious Brit eventually found himself ostracized from tinsel town after pointing out during the 2013 GQ Awards that the sponsor of the event, Hugo Boss, manufactured uniforms for the Nazi Party during World War II.

Having successfully torched his Hollywood career, Brand began to focus attention on his YouTube channel, where his fierce wit, intelligence and machine-gun-style delivery saw his number of subscribers climb to almost 7 million in 10 years. These are the sort of figures that land social media personalities on the ‘truth radar,’ a system backed by an army of left-wing fanatics and civil rights nut jobs devoted to enforcing ‘community standards’ with pure fascist fervor. Brand fell so far afoul of the mainstream media narrative that he was playing in an entirely differently stadium. It’s hard to say exactly when the powers-that-be decided to take down the YouTube sensation, but his March 2023 appearance on the Bill Maher show would be a safe bet. Appearing alongside John Heilemann, a national affairs analyst with MSNBC, and Democratic Senator Bernie Sanders, Brand went on a tangent about the Covid-19 pandemic and the pharmaceutical industry.

“The pandemic created at least 40 new Big Pharma billionaires; pharmaceutical corporations like Moderna and Pfizer made $1,000 in profit every second from the Covid-19 vaccines; more than two-thirds of Congress received campaign funding from pharmaceutical companies in the 2020 election; Pfizer Chairman Albert Bourla told Time magazine in July 202 that his company was developing a Covid vaccine for the good of humanity, not for money, and of course Pfizer made a $100 billion dollars in profit in 2022.” Maher, desperately trying to get a word in edgewise on his own show, reminded Brand that “a lot of people would be dead without the vaccine.” To which Brand snapped back: “If you have an economic system in which pharmaceutical companies benefit hugely from medical emergencies, where the military industrial complex benefits from war, where energy companies benefit from energy crisis, you are going to generate states of permanent crisis where the interests of ordinary people separate from the interests of the elite.”

Ever since the emergence of the #MeToo movement, the legacy media and social media have developed a mob justice mentality, refusing to allow for the possibility that the accused (male) may actually be innocent. In fact, that’s the agenda from the start. And it goes without saying that the media are in the extremely powerful position to mold public opinion to their will. This was evident in a Channel 4 video of the anonymous victims, some of them portrayed by actual actors, discussing their experiences. The production is complete with ominous background music and close-up silhouettes of the emotional women. This is cinematic manipulation that would certainly help to sway the public, not to mention some future jury, and not in a way favorable to Russell Brand’s defense team. Why is the media, which is supposed to take an unbiased approach to its reporting, resorting to manipulating the emotions of their audience? The answer is obvious.

Much like was the case with Julian Assange, who faced similar age-old charges after releasing information damning to the U.S. establishment, Brand is a very articulate individual who is not afraid of speaking truth to power. Much like Alex Jones, Tucker Carlson, and hundreds of other dissident voices, his anti-establishment opinions could not be tolerated, and once again the mainstream media was activated to do the dirty work of character assassination. It’s a sick reality, but that’s the depraved sort of ‘journalism’ Western audiences can expect to receive – until they demand better.

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Fear of freedom.

• Is Censorship a Partisan Issue? (RCP)

[..] the most glaring gap is between conservatives and liberals, i.e., between Republicans and Democrats. On the issue of free expression, at least, Republicans are not the authoritarian party. That distinction belongs to the Democrats, the party launched by Thomas Jefferson — the Founding Father who famously said that if he were forced to choose between “a government without newspapers or newspapers without a government, I should not hesitate a moment to prefer the latter.” This is a relatively new development.

Traditionally, opposing censorship — whether imposed by government or corporations — was a bedrock principle of liberalism in this country. The American Civil Liberties Union was founded in 1920 to promote and defend free expression. And this ideal was at the heart of liberal thought, liberal lawmaking, and liberal jurisprudence during most of the 20th century. But times change. And notwithstanding the controversial current push by social conservatives to denude public school libraries of content they dislike, the new RealClear Opinion Research poll is the latest to document the gradual change that has taken place on the left when it comes to this free expression. Here are some of its findings:

• Republican voters (74%) and independents (61%) believe speech should be legal “under any circumstances, while Democrats are almost evenly divided. A bare majority of Democrats (53%) say speech should be legal under any circumstances, while 47% say it should be legal “only under certain circumstances.”

• Nearly one-third of Democratic voters (34%) say Americans have “too much freedom.” This compared to 14.6% of Republicans. Republicans were most likely to say Americans have too little freedom (46%), while only 22% of Democrats feel that way. Independents were in the middle in both categories.

• Although majorities of Democrats, Republicans, and independents agree the news media should be able to report stories they believe are in the national interest, this consensus shifts when it comes to social media censorship. A majority of Democrats (52%) approve of the government censoring social media content under the rubric of protecting national security. Among Republicans and independents, this percentage is only one-third.

• Poll respondents were read this statement: “I disapprove of what you say, but I will defend to the death your right to say it.” Only 31% of Democratic voters “strongly agreed” with that sentiment, compared to 51% of Republicans.

• Fully three-fourths of Democrats believe government has a responsibility to limit “hateful” social media posts, while Republicans are more split, with 50% believing the government has a responsibility to restrict hateful posts. (Independents, once again, are in the middle.)

• Democrats are significantly more likely than Republicans to favor stifling the free speech rights of political extremists. Also, Republicans don’t vary by the group: Only about half of GOP voters favor censorship — whether asked about the Ku Klux Klan, Nazis, or the Communist Party.

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WaPo doesn’t like its own poll.

• Trump Leading Biden By Double Digits – Poll (RT)

If an election were held today, former US President Donald Trump would defeat President Joe Biden by a 10% margin of the popular vote, a Washington Post/ABC News poll has found. The result shows the strongest lead for Trump since both men declared their candidacy for the 2024 election. Published on Saturday, the poll found that 52% of respondents would choose Trump and 42% would side with Biden, while the remainder are either undecided or would not vote. When the Post/ABC pollsters asked the same question in February, Trump led Biden by four points, at 48% to 44%. The result is at odds with a slew of recent polls, all of which placed Trump and Biden in or near a statistical dead heat.

An NBC News poll, also published on Saturday, showed Trump and Biden tied at 46%, while a Fox News survey last week placed Trump ahead of Biden at 48%-46%, and a Quinnipiac University poll put Biden in the lead by 47%-46%. Before facing off against Biden for a second time, Trump will have to defeat an ever-expanding group of Republican challengers hoping to clinch the party’s nomination. However, every major poll shows the former president with a commanding lead over the pack, and Biden told donors on Wednesday that he thinks Trump “is destined to be the nominee again.” According to the Post/ABC survey, Trump has an almost 40-point lead over his nearest Republican rival, Florida Governor Ron DeSantis, at 54% to 15 %. No other GOP challenger managed to break double digits in the survey.

Biden and Trump both face significant obstacles in their respective bids for the White House. Trump will enter election season next year fighting more than 90 felony charges in four separate cases, stemming from his alleged attempts to overturn the results of the 2020 election, mishandling of classified documents, and improper reporting of ‘hush-money’ payments to porn star Stormy Daniels. Trump maintains that the indictments against him are politically-motivated, and that Biden’s Justice Department is engaged in a “Stalinist” attempt to take him out of the 2024 race.

For Biden, a key concern will be convincing voters that he is fit for office. According to the latest poll, three quarters of respondents, regardless of political persuasion, said that Biden is too old to serve a second term. Biden has long been attacked by Republicans for his apparent cognitive decline, but concerns over the president’s mental fitness have surfaced in most recent polls. According to a a CBS News poll published last Sunday, 34% of US voters believe that the 80-year-old president would finish a second term in office, while the same number believe that Biden lacks the mental and cognitive health necessary for the job.

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Just separate Ukraine from the main budget. Problem solved.

• Biden Scapegoats ‘Extreme’ Republicans For Looming Government Shutdown (Sp.)

US President Joe Biden said that all citizens of the country would “pay the price” if “extreme” members of the Republican Party do not vote on the new budget and allow the federal government to shut down. “Just a few months ago, after long negotiations between myself and the new [House of Representatives] speaker [Kevin McCarthy], we agreed the spending level of government will fund essential domestic and national security priorities while still cutting the deficit by $1 trillion over the next decade. Now, a small group of extreme Republicans don’t want to live up to the deal, so now everyone in America could be forced to pay the price,” Biden said addressing the Congressional Black Caucus Foundation.

He warned that the government shutdown will affect “everything from food security to cancer research.” “It’s time for the Republicans to start doing the job America elected them to do,” he added. The inclusion of funds intended for Ukraine in the US defense budget faced strong opposition from a number of members of the House of Representatives and became a stumbling block to its adoption. Republican Congresswoman Marjorie Taylor Greene said earlier this week that she would vote against Pentagon bill as long as it includes Ukraine aid funds. The US Congress needs to adopt a full or short-term budget before October 1, the end of the current fiscal year, in order to avoid a government shutdown.

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Sort of Ritter’s diary. Good read.

• My Addiction: A Playlist in Three Acts (Scott Ritter)

On April 23, 1910, Theodore Roosevelt, less than a year removed from serving as the President of the United States, delivered a speech at the Sorbonne in Paris, France. Entitled “Citizenship in a Republic,” the speech has gone down in history as “The Man in the Arena speech,” largely on the weight of the words contained in the following passage: “It is not the critic who counts, not the one who points out how the strong man stumbled or how the doer of deeds might have done them better. The credit belongs to the man who is actually in the arena, whose face is marred with sweat and dust and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, if he wins, knows the triumph of high achievement; and who, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat.”

I have often drawn upon this passage when reflecting upon my own life, especially when trying to come to grips with my failure to prevent the US invasion of Iraq in 2003. I still struggle with the fact that, despite being empowered with the experienced-based knowledge that there were no viable weapons of mass destruction in Iraq. (I had served as a weapons inspector with the United Nation in Iraq from 1991 until 1998, where I participated in more than 45 inspections—14 as Chief Inspector—involved in accounting for Iraq’s chemical, biological, nuclear, and long-range ballistic missile weapons—collectively referred to as “weapons of mass destruction”, or WMD.) Roosevelt’s words helped bring me some solace—at least I had stood in the arena in pursuit of a worthy cause.

In 2008, I was asked to participate in a panel of military veterans who would provide commentary and take questions from the audience in response to a theatrical adaptation of Tim O’Brien’s classic war novel, The Things They Carried. As I watched the play, I became increasingly agitated. This was a story about war, and the cost of war. Looking around me, I saw a theater full of people who knew nothing about war, and the cost it took on those who waged it. I resented the fact that I had agreed to allow myself to be put on display as some sort of zoo exhibit—“Here is a veteran; let’s ask him about the emotional trauma of war.” When the play ended, I took my place on stage, flanked by several other veterans of America’s many wars. I was well known at the time, and so I was picked to answer the first question, “Did the play trigger any memories for you of war?”

My response stunned even me. “As I look out among the audience, I see people who lack any military experience. People who know nothing of war. This play talks about the most intimate aspects of a soldier’s life—the things he carried at the time of his death. This is a conversation I can have with the men sitting here with me on stage. But it’s not a conversation I’m going to have with you. You haven’t earned that right.” I got up and left. I justified my actions by reflecting on Roosevelt’s speech. I had spent my time in the arena of conflict. They had not. They did not have a right to peer into my soul about issues of this emotional magnitude.

Read more …

 

 

 

 

 

 

Octopus

 

 

 

 

 

 

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

 

 

 

 

 

Debt Rattle March 1 2023

Mar 012023
 
 March 1, 2023  Posted by at 9:45 am Finance Tagged with: , , , , , , , , , ,  61 Responses »


Paul Gauguin Blue Trees (Your Turn Will Come, My Beauty!) 1888

 

• Zelensky Hints At Withdrawing From Russian-Encircled Bakhmut (ZH)
• Situation In Bakhmut Much Worse Than Kiev Admits – CNN (TASS)
• Most Front-Line Ukrainian Soldiers Killed Within ‘4 Hours’ (LI)
• Kiev’s Troops Have Big Nazi Problem – Ex-US Soldier Who Escaped Ukraine (RT)
• The Stage Is Set For Hybrid World War III (Escobar)
• European Legislators Get Money From US Military Companies (TASS)
• Afraid Some EU Countries May Send Troops To Ukraine – Orban (TASS)
• Hungary Calls For Justice Over Pipeline Sabotage (RT)
• Putin Accuses West Of Using ‘Extremists’ Against Russia (RT)
• Berlin Left Unprotected As Air Defense Systems Sent To Ukraine (RT)
• Ukraine Threatens Putin After Drone Attack Deep Inside Russia (Celente)
• Hunter Biden Associate Arrested, Provided FBI With ‘Damning’ Information (TP)
• Hunter Biden Business Partner Flips, Now ‘Cooperating’ With GOP Investigators (ZH)
• Tucker Carlson, Staff NOT Allowed To Record or Remove J6 Footage (GP)
• The Return of Oracles: Chatbots Are Coming! (Ugo Bardi)

 

 

 

 

Zel US

 

 

 

 

Macgregor Poles
https://twitter.com/i/status/1630603369223012362

 

 

Lula Iran

 

 

Wait until insurance companies have to change their long term mortality assumptions…that’s when the real losses get realized.
– Edward Dowd

 

 

 

 

“West” has been telling Z to withdraw. They portray it as his fight, not theirs, so they can’t lose face. But he can. Maybe the way out for him is attacking Crimea, saying that’s the bigger battle. He also started talking about American kids dying in Ukraine battles.

• Zelensky Hints At Withdrawing From Russian-Encircled Bakhmut (ZH)

It was only in late January that Ukraine’s military General Staff emphasized that any potential forces withdrawal from the strategic city of Bakhmut in the east was “out of the question” as the situation was said to be under control. But a month later, the narrative has dramatically shifted amid reports that the Russians are shelling Ukrainian positions around the clock, and as complaints from Ukrainian front lines oersist of not enough ammo supplies to keep pace with the Russians. President Zelensky in fresh remarks on the situation has admitted that besieged Bakhut is running out of options. Within the past days he also said for the first time that he won’t seek to hold the city “at any cost” – strongly suggesting Ukraine has suffered a staggering loss in manpower.

He said Tuesday: “The situation is getting more and more difficult”… “The enemy is gradually destroying everything which can be used to protect our positions,” Zelenskiy said in his address, stopping short of announcing a pullout.” There have been emerging repots of gun battles deep within the city itself, which is a new development, also as Russian forces have it nearly fully encircled, as the NY Times also confirms: “The commander of Ukraine’s ground forces, Col. Gen. Oleksandr Syrsky, on Tuesday described the situation around the city as “extremely tense” in a post on the Telegram messaging app.” And Reuters too for the first time presented a headline Tuesday which put the situation for the Ukrainian side in stark terms: “Russians tighten noose on Ukraine’s Bakhmut,” the news service reported.

On Monday Zelensky had described that “The enemy is constantly destroying everything that can be used to protect our positions for fortification and defense. Our soldiers defending the area around Bakhmut are true heroes.” Some soldiers cited in local reports are vowing to fight till the end, as military reports get more and more desperate. Meanwhile the Biden administration is still resisting demands to give Kiev F-16 fighter jets… “for now” that is. John Kirby had described in a Monday interview that “At no time have the Russians ever achieved air superiority over Ukraine” – though by many military observer accounts, this is a highly dubious statement.

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CNN pushing Z out of Bakhmut.

• Situation In Bakhmut Much Worse Than Kiev Admits – CNN (TASS)

The situation near Artyomovsk, known in Ukraine as Bakhmut, is much worse for Ukrainian forces than Kiev officially admits, CNN reported on Tuesday, citing Ukrainian troops fighting for the town. “The situation in Bakhmut is very difficult now. It is much worse than officially reported,” a soldier who wished to remain anonymous told CNN on Tuesday. “We should add another 100% difficulty to the official reports. In all directions. Especially in the northern direction.” Another soldier said in a video that “the situation around the defense of Bakhmut is quite difficult”. A third soldier described the fighting as “hellish.” Artyomovsk is located in the Kiev-controlled part of the DPR and is an important transportation hub for supplying Ukrainian troops in Donbass. Fierce fighting has been raging for the town. Denis Pushilin, the interim head of the Donetsk People’s Republic said on February 16 that Russian forces had seized control of all key heights near Artyomovsk.

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We knew already.

• Most Front-Line Ukrainian Soldiers Killed Within ‘4 Hours’ (LI)

A retired American Marine fighting in Ukraine told ABC News the frontlines are a “meat grinder” where soldiers survive an average of “four hours.” Troy Offenbecker is fighting alongside Ukrainian forces in the Donbas region. Moscow and Kiev have been battling around Bakhmut for several months as Russia’s forces have slowly made gains around the city. In January, Germany estimated Kiev was losing a “three-digit number” of soldiers daily fighting for Bakhmut. At that time, the White House believed President Volodymyr Zelensky was committing too many lives and resources to defend the city. Offenbecker’s commentary suggests that the situation may be getting worse for Ukrainian soldiers. “It’s been pretty bad on the ground. A lot of casualties.” He assessed, “the life expectancy is around four hours on the frontline.”

He said the Russian attack on the city is not letting up and had turned into a “meat grinder.” “[The artillery] is nonstop.” Offenbecker explained the Russian forces are fighting around the clock. “[The Russians] have maybe run into a shortage of shells lately, but the past couple of weeks, it’s been nonstop. All day and night,” he told ABC. Meanwhile, Kiev’s Western backers have expressed to Zelensky in recent weeks that NATO countries are struggling to find artillery shells to send to Ukraine. Secretary of Defense Lloyd Austin said the US will train Ukrainian forces on fighting methods that use fewer munitions. The Kremlin ordered a mobilization of 300,000 troops last year. Western leaders have anticipated Moscow will order an offensive this winter.

Ukrainian officials say that the Russian offensive is now underway, and Offenbecker agrees. “With the amount of shelling, the amount of armor that they’ve brought in, I think it’s started,” he explained to ABC. Due to Moscow’s and Kiev’s tight control over their countries’ presses, it is unclear how substantial the death toll is for each country. Since the start of the war, Zelensky has nationalized Ukraine’s media, outlawed his political opposition and jailed citizens who opposed his administration. Commenting on the state of journalism in Ukraine, press-union leader Serhiy Guz explained, “We never know what’s the basis of these accusations, what’s the pro-Russian link…It starts to look like a political accusation rather than a genuine crime.” “A lot of journalists self-censor now,” he added.

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Could be a plant. For either side.

• Kiev’s Troops Have Big Nazi Problem – Ex-US Soldier Who Escaped Ukraine (RT)

The Nazi influence in the Ukrainian military is omnipresent, John McIntyre, a former US soldier who served in various Ukrainian military units for a year, has told RT. He defected to Russia after witnessing the actions of the Ukrainian troops amid the ongoing conflict between Kiev and Moscow. “When I came, I was really surprised. Everybody had tattoos and Nazi symbolism,” the former American soldier-turned-mercenary told RT’s Murad Gazdiev in Moscow. McIntyre also admitted he did not believe Nazi ideology was “that big of a problem” for Ukraine until he saw things on the ground himself. The soldier also said he had to conceal his own anti-fascist and communist views to fit in with the Ukrainian troops. Some other Western mercenaries also directly told him: “The Russians aren’t the Nazis, we are the Nazis,” according to McIntyre.

The ex-US soldier served with the Ukrainian forces for a year, although now he claims he had always planned to defect to Russia once he gathered enough intelligence. At a certain point, he was “compromised as a whistleblower” after talking to someone about the war crimes committed by the Ukrainian forces. According to McIntyre, whistleblowers are treated in Ukraine even more harshly than spies. “Anybody who confesses or is known to be about to confess is shot in the back of the head,” he claimed, adding that “a lot of people go missing … including foreigners.” McIntyre himself managed to flee to Russia through Moldova after finding out that Ukraine had snipers hunting down defectors trying to cross the frontlines.

The former soldier, who previously served in Fort Bliss, Texas, for two years, claims the Ukrainian forces actively use civilians as human shields as they station their troops in basements next to residential buildings and then blame Russia if the area gets targeted in a strike. When such attacks happened, news crews covering the incidents “would not show you the houses to the left and right full of soldiers,” he said. The former mercenary also said he had heard about the Ukrainian nationalists, including the members of the infamous Azov battalion and another military formation called Carpathian Sech, who torture and kill Russian POWs by cutting off their genitalia or cutting their stomachs open and slitting their throats. McIntyre, who served with the Carpathian Sech, said he personally knew people who executed POWs, including foreigners from Portugal, France, and Argentina.

https://twitter.com/i/status/1630573543544049664

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“..Russia’s pivot to the East, towards the rising sun, now irreversible, was the only logical path to follow..”

• The Stage Is Set For Hybrid World War III (Escobar)

A powerful feeling rhythms your skin and drums up your soul as you’re immersed in a long walk under persistent snow flurries, pinpointed by selected stops and enlightening conversations, crystallizing disparate vectors one year after the start of the accelerated phase of the proxy war between US/NATO and Russia. That’s how Moscow welcomes you: the undisputed capital of the 21st century multipolar world. A long, walking meditation impregnates on us how President Putin’s address – rather, a civilizational speech – last week was a game-changer when it comes to the demarcation of the civilizational red lines we are all now facing. It acted like a powerful drill perforating the less than short, actually zero term memory of the Collective West.

No wonder it exercised a somewhat sobering effect contrasting the non-stop Russophobia binge of the NATOstan space. Alexey Dobrinin, Director of the Foreign Policy Planning Department of the Ministry of Foreign Affairs in Russia, has correctly described Putin’s address as “a methodological basis for understanding, describing and constructing multipolarity.” For years some of us have been showing how the emerging multipolar world is defined – but goes way beyond – high speed interconnectivity, physical and geoeconomic. Now, as we reach the next stage, it’s as if Putin and Xi Jinping, each in their own way, are conceptualizing the two key civilizational vectors of multipolarity. That’s the deeper meaning of the Russia-China comprehensive strategic partnership, invisible to the naked eye.

Metaphorically, it also speaks volumes that Russia’s pivot to the East, towards the rising sun, now irreversible, was the only logical path to follow as, to quote Dylan, darkness dawns at the break of noon across the West. As it stands, with the wobblin’, ragin’ Hegemon lost in its own pre-fabricated daze, the real runners of the show feeding burning flesh to irredeemably mediocre political “elites”, China may have a little more latitude than Russia, as the Middle Kingdom is not – yet – under the same existential pressure Russia has been put under. Whatever happens next geopolitically, Russia is at heart a – giant – obstacle on the warmongering path of the Hegemon: the ultimate target is top “threat” China.

Putin’s ability to size up our extremely delicate geopolitical moment – via a dose of highly concentrated, undiluted realism – is something to behold. And then Foreign Minister Lavrov provided the sweet cherry on top, calling the hapless US ambassador for a hardcore dress down: oh yeah, this is war, hybrid and otherwise, and your NATO mercenaries as well as your junk hardware are legitimate targets. Dmitry Medvedev, deputy chairman of the Security Council, now more than ever relishing his “unplugged” status, made it all very clear: “Russia risks being torn apart if it stops a special military operation (SMO) before victory is achieved.” And the message is even more acute because it represents the – public – cue to the Chinese leadership at the Zhongnahhai to understand: whatever happens next, this is the Kremlin’s unmovable official position.

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“..some MEPs received pensions, for example, from US corporations Raytheon, Honeywell International and Textron Inc – military companies that develop, produce and sell, among other items, cluster munitions..”

• European Legislators Get Money From US Military Companies (TASS)

The European parliament’s members receive money from US military companies, Russian Foreign Ministry spokeswoman Maria Zakharova said on her Telegram channel on Tuesday. “Corruption in the European Parliament thrives. EUObserver journalists have discovered that some MEPs received pensions, for example, from US corporations Raytheon, Honeywell International and Textron Inc – military companies that develop, produce and sell, among other items, cluster munitions,” she said. “It is noteworthy that the focus is on the US military-industrial complex (not even European), which is the embodiment of the term ‘dealers in death’.


Moreover, as it has turned out, MEPs are sponsored with money from the sale of precisely those types of weapons which EU member-states seek ban. For some reason they do not refuse to take the money,” Zakharova added. She also noted that the MEPs had invested their pension savings in the oil and gas company Royal Dutch Shell after another oil spill from its pipeline. “How about the ‘green transition’ and nature conservation? There is a very special story about this. MEP Jutta Paulus (of Germany) directly lobbies for the interests of Boston’s NGO Clean Air Task Force. In drafting legislative amendments, she obediently and without hesitation used the documents prepared by that organization,” Zakharova said.

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“We need a ceasefire, we need peace talks. That is why Hungary insists on peace at all international forums..”

• Afraid Some EU Countries May Send Troops To Ukraine – Orban (TASS)

Hungary’s government is worried to see weapons supplies to Ukraine and is afraid that some of the EU countries may send its troops there, Hungarian Prime Minister Viktor Orban said on Monday. He expressed serious concern that “entire Europe is sliding into a war step by step” as EU countries are sending tanks to Ukraine and are looking at supplying it with fighter jets. “If things continue this way, there will be those who may want to send troops to Ukraine,” he said at the opening of the Hungarian parliament’s spring session. He stressed that his government insists on settling the Ukrainian conflict by peaceful means and called on lawmakers to advocate this position. “They want to drag us into this war, but I am calling on you not to yield to provocations,” Orban said.


“We need a ceasefire, we need peace talks. That is why Hungary insists on peace at all international forums,” he said, adding that for these reason Hungary supports China’s peace plan for Ukraine. He reiterated that he continues to be against the European Union’s anti-Russian sanctions, especially in the energy sector. He recalled that restrictions on fuel supplies had provoked a dramatic price rise and Hungary’s spending on energy sources had increased by ten billion euro in 2022. “Brussels has taken this money from the pockets of Hungarians with the use of sanctions,” he added.

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“What we need to know is, if they did it in the north just to stop the Russian gas coming to Europe … then they could do it in the south as well.”

• Hungary Calls For Justice Over Pipeline Sabotage (RT)

Hungary needs to watch out for potential sabotage on pipelines that deliver Russian natural gas to the country, Prime Minister Viktor Orban said on Monday, pointing to the September 2022 blasts on the Nord Stream pipelines connecting Russia to Germany via the Baltic Sea. “The blowing up of the Nord Stream was a simple act of terrorism,” Orban said in a speech to parliament in Budapest. “What we need to know is, if they did it in the north just to stop the Russian gas coming to Europe … then they could do it in the south as well.” Orban said that Hungary, together with neighboring Serbia, must “make clear that if this were to happen, it would not be easy to get away with, like they are doing now with the Nord Stream explosions.”

Hungarian Foreign Minister Peter Szijjarto this week called for the UN to investigate the “scandalous” attack on the pipelines. Budapest wants to know “who committed it and why,” the minister said. Hungary and Serbia, whose economies heavily depend on Russian oil and gas, have opposed sanctions that would have prevented them from receiving supplies from Moscow. Both nations have also refused to impose any restrictions of their own. On Thursday, US state-run news outlet RFE-RL reported that South Stream Transport, which operates the TurkStream gas pipeline, would not be able to repair the infrastructure in the event of damage, as the Dutch government has revoked its license.

The Black Sea pipeline delivers Russia gas to Hungary and Serbia. Veteran US investigative journalist Seymour Hersh claimed earlier this month that the Nord Stream sabotage was orchestrated by Washington with help from Norway. The US has denied any involvement, and rejected the allegations as “complete fiction.” Russia has also called for a thorough investigation into the “terrorist attack.” Kremlin spokesman Dmitry Peskov accused Western countries last week of trying to bury the issue.

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“Active attempts are currently being made by the Western special services to restore terrorist cells inside Russia, he warned.”

• Putin Accuses West Of Using ‘Extremists’ Against Russia (RT)

The West never shied away from using extremists against Russia and is doing so again during the conflict in Ukraine, President Vladimir Putin has said. He claimed that western intelligence agencies are aiming to restore terrorist cells inside Russia. Countering this terrorist threat remains “an urgent” task for the country, Putin said while chairing a board meeting of Russia’s Federal Security Service (FSB) in Moscow on Tuesday. “Over the past year, the number of such crimes has increased, which is obviously connected to the attempts of the Kiev regime to employ terrorist methods. We are well aware of that. They have been using them in Donbass for a long time,” he said.

The West, which is backing Kiev in the conflict against Moscow, has “never shied away from using both radicals and extremists in their interests, despite all their loud statements about fighting international terrorism,” the president said. “They always use whatever’s at hand against us. They use everything that’s possible. It was always like this and it remains so,” he said. Active attempts are currently being made by the Western special services to restore terrorist cells inside Russia, he warned. It’s essential to intensify counter-intelligence work and keep the Russian-Ukrainian border under extra supervision to prevent the smuggling of weapons and ammunition into Russian territory, Putin told the leadership of Russia’s main security agency.

He praised the FSB’s operatives, who have worked at the frontlines and “behind enemy lines” during the conflict in Ukraine, for their “personal courage, professionalism and determination in ensuring the security of Russia.” The agency, he said, has obtained “priceless experience” that will allow it to execute its duties even more effectively. Putin has previously blamed Ukraine for using “terrorist tactics” following the explosion on the Crimean Bridge in early October, which Moscow insists was masterminded by Kiev. That led to a major ramping up of Russian missile strikes on Ukrainian infrastructure and military targets, causing rolling blackouts across the country and significantly damaging Kiev’s air defense capabilities.

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Germany doesn’t have much defense to speak of. Maybe by 2050?!

• Berlin Left Unprotected As Air Defense Systems Sent To Ukraine (RT)

Germany is sending two air defense systems to Kiev in a move that may leave Berlin unprotected, Armin Papperger, CEO of Germany’s leading military contractor Rheinmetall said in an interview with the Pioneer podcast on Tuesday. The two systems in question, Skynex and Skyranger, were commissioned by the German government in order to protect the airspace over Berlin, the arms manufacturer revealed. The two units cost around €200 million ($212 million) and they are to be sent to Kiev within the year. “We had two whole systems that could have certainly defended Berlin,” Papperger said, as quoted by RIA Novosti. According to Papperger, four of the systems would be enough to protect Berlin, but now there will not be enough.

On Saturday, thousands of protesters rallied in the German capital, calling for Chancellor Olaf Scholz to “stop the escalation in weapons deliveries.” Germany also pledged Western-made tanks to Ukraine in late January, promising 14 of their Leopard 2 tanks and pledging to work with partners to create two armored battalions containing 30 tanks each. However, Germany’s EU and NATO allies have been reluctant to deliver. Similarly to Germany sacrificing their own protection for the sake of solidarity with Ukraine, Denmark opted in January to send its 19 French-made Caesar howitzer artillery systems to Kiev, compromising their own defensive capabilities. The artillery systems had been a key component of Denmark’s plan to field a heavy infantry brigade.

Officials in some NATO nations have been cautioning that the constant supply of arms and ammunition to Ukraine on such a massive scale would eventually come at a cost to their own defensive capabilities. Kremlin spokesperson Dmitry Peskov has warned on numerous occasions that providing Kiev with military aid will not change the course of the conflict, and will instead just “prolong the suffering of the Ukrainian people.”

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“..more than 500km away from Russian border with Ukraine..”

• Ukraine Threatens Putin After Drone Attack Deep Inside Russia (Celente)

Russian President Vladimir Putin announced Tuesday that he will increase border security after the Kremlin blamed Ukraine for launching a drone attack deep inside Russia as the U.S. and NATO continue to provide more advanced weapons to escalate the conflict. The Associated Press, citing a nearby governor, reported one drone “fell near the village of Gubastovo, less than 60 miles from Moscow.” Anton Gerashchenko, advisor to Ukraine’s minister of internal affairs, tweeted a photo of the drone that matches that of the UJ-22 Airborne, a product of Ukrainian manufacturer Ukrjet, the BBC reported. “It is more than 500km away from Russian border with Ukraine. Soon Putin might get very afraid to show himself in public as drones can reach far distances,” he wrote alongside the photo.

Andrei Vorobyov, the governor, noted that the Russian Defense Ministry identified two Ukrainian drones that were downed near the village of Gubastovo, where Gazprom operates a key facility. The BBC said Ukraine does not claim responsibility for attacks inside Russia. The Trends Journal has reported extensively how Ukraine has been accused of expanding the war deeper inside Russia after receiving the green light from the U.S. Dmitry Kuleba, Ukraine’s foreign minister who has been one of the most outspoken advocates of more weapons and war, was caught in a prank Zoom video admitting to being behind attacks on civilian infrastructure in Crimea and Belgorod. Reports said Kuleba was evidently under the impression that he was talking to a former American ambassador to Moscow Michael McFaul, who himself has been a major supporter of U.S. intervention.

“Well, if you were to ask me who blows up things in Crimea or Belgorod, then speaking privately, as much privacy we can have in a Zoom call, I’d tell you, yes, that was us,” Kuleba said. The Western media embraced the bridge bombing as though it was another major setback for Russian President Vladimir Putin, who days later approved airstrikes in about a dozen Ukrainian cities, including Kyiv. Victoria “Fuck the EU” Nuland, who was a major player in the U.S.-led coup in Ukraine back in 2014, continued down her path of destruction last week when she called Crimea a legitimate target for Ukrainian forces. Nuland told the Carnegie Endowment for International Peace that the U.S. supported Ukrainian strikes on these targets because Washington believes Kyiv is “owed and due all of their territory within their international borders,” which she said included Crimea. “Ukraine is not going to be safe unless Crimea is—at a minimum, at a minimum—demilitarized,” she said.

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“..he had been cooperating with an investigation into Hunter Biden’s business activities when he was apprehended under an Interpol Red Notice..”

• Hunter Biden Associate Arrested, Provided FBI With ‘Damning’ Information (TP)

Gal Luft, a former adviser to a Chinese energy conglomerate now claims to have provided the FBI with incriminating information about the Biden family’s foreign business dealings. He is now calling himself a whistleblower and has announced his intention to reveal the names of those involved, after being detained on what he believes are politically motivated charges. According to him, he has given information to the DOJ about the Biden family’s foreign business deals. Luft was arrested on Friday. A defense expert has stated that the recent arrest of Prof. Gal Luft in Cyprus due to charges linked to the illegal exportation of arms to Libya and China is part of an attempt by the Biden administration to silence him. Luft, an Israeli professor, claims that he had been cooperating with an investigation into Hunter Biden’s business activities when he was apprehended under an Interpol Red Notice at the behest of the US.

According to reports, Gal Luft claims to have provided the Justice Department with information about Hunter Biden, his father, and his uncle, Jim Biden in March 2019. Although some may be quick to disregard Luft’s allegations as an empty threat, his association with CEFC China Energy suggests that he may possess pertinent information about the Bidens. Additionally, an attorney representing Luft has indicated that he intends to offer information about Luft’s situation to Congress. According to Luft’s lawyer, Mordechai Tzivin, the arrest of his client was politically motivated and aimed at stifling him for providing compromising information in a corruption case purportedly linked to Hunter Biden, the son of US President Joe Biden. “The arrest came four years after Luft cooperated with FBI and Department of Justice investigators to help them with information about the case,” he claimed.

On Sunday, Tzivin said that Luft could “bury Hunter Biden, that’s why they’re trying to bury him first.” He continued by claiming that “if it were Russia, this would’ve already been a diplomatic collision… it’s not unreasonable to think that the Democrats or some of their peers would like him gone.” “His testimony will be very devastating, it will divert attention to the president himself as well,” Tzivin claimed. On February 18, 2023, Luft tweeted out, “I’ve been arrested in Cyprus on a politically motivated extradition request by the US. The US, claiming I’m an arms dealer. It would be funny if it weren’t tragic. I’ve never been an arms dealer. DOJ is trying to bury me to protect Joe,Jim&Hunter Biden. Shall I name names?”

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A few days earlier.

• Hunter Biden Business Partner Flips, Now ‘Cooperating’ With GOP Investigators (ZH)

Eric Schwerin, a close business associate of Hunter Biden who also dealt with Joe Biden’s business and tax affairs, is now working with House GOP investigators looking into Biden family dealings – particularly in Ukraine and China, where the family collected millions of dollars, Just the News reports. “He is cooperating with us,” House Oversight and Accountability Committee Chairman James Comer (R-KY) told the outlet. “His attorneys and my counsel are communicating on a regular basis. Now, I feel confident that he’s going to work with us, and provide us with the information that we have requested,” Comer continued. “I think that Schwerwin is going to be a very valuable witness for us in this investigation.”

Of note, Schwerin, the former president of Hunter Biden’s now-dissolved investment firm Rosemont Seneca Partners, visited the White House at least 19 times from 2009 to 2015, according to White House visitor log records reviewed by The Epoch Times and first reported by the New York Post. Emails between Hunter and Eric Schwerin, his business partner at consultancy Rosemont Seneca, show Schwerin was working on Joe’s taxes. The emails were recovered from Hunter’s laptop
Schwerin’s cooperation comes after the committee received word that Hunter and his uncle, James Biden, don’t plan to be forthcoming with all the information Comer’s committee has sought in their wide-ranging probe. According to Comer, subpoenas are imminent for non-cooperating witnesses.

“We know individuals, many are cooperating with us now, but others, not so much,” he said. “We’re going to start subpoenaing people in the private sector, we’re going to start subpoenaing financial institutions to get us the information. And then we’ll go from there.” Comer then suggested that if innocent, Hunter Biden would want to clear his name in front of the committee. “He could come in front of the House Oversight Committee right now and defend his good name,” Comer said. “He would have 20 Democrats that would definitely support him, and he could make 26 Republicans look bad if all this information we have from his laptop, all the emails that were in his own words, all the audio that are in his own voice, if for some reason we’re misinterpreting that, then he could make us look bad.

“But we all know that this family was involved in influence peddling. And this administration is doing everything in its ability to try to block oversight.” Both Joe Biden and Hunter Biden have denied the family did anything wrong, although Hunter Biden has acknowledged he is under federal criminal investigation on tax issues. Comer said while the committee battles the White House and the Biden family for information, Schwerin’s cooperation was a breakthrough that could spur other key witnesses to cooperate. -Just the News According to White House visitor logs, Schwerin met directly with then-Vice President Joe Biden in the West Wing on Nov. 17, 2010, and had several meetings with White House aides during times when Hunter Biden was securing multi-billion dollar deals overseas, including in China.

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There could be legal reasons?!

Tucker must come clean.

• Tucker Carlson, Staff NOT Allowed To Record or Remove J6 Footage (GP)

On February 20, 100 Percent Fed Up reported about the newly elected House Speaker Kevin McCarthy’s decision to release all of the 44,000 hours of footage from January 6, 2021, to Fox News host Tucker Carlson, giving him exclusive access to Capitol surveillance footage. “I’ve watched what Nancy Pelosi did, where she politicized [Jan. 6],” said McCarthy. “Where for the first time in the history as a speaker, not allowing the minority to appoint to a committee.” “We watched the politicization of this,” McCarthy said. “I think the American public should actually see all that happened instead of a report that’s written for a political basis.” Carlson, who has continuously called for a probe into the actual events of Jan 6., has been granted exclusive access to 41,000 hours of surveillance footage from the Capitol protests.

“[T]here was never any legitimate reason for this footage to remain secret,” Carlson told Axios reporter Mike Allen. “If there was ever a question that’s in the public’s interest to know, it’s what actually happened on January 6. By definition, this video will reveal it. It’s impossible for me to understand why any honest person would be bothered by that.” In January, Carlson slammed the U.S. government for hiding information from the American public. He also pointed out the ridiculous logic of those who warn that releasing the Jan. 6 Capitol footage could threaten national security.

100 Percent FedUp reports- If you’re like most Americans, you were overjoyed to hear that Tucker Carlson, who is not afraid of exposing government corruption in either party, would be allowed to view all 44,000 hours of the Capitol surveillance tapes and were hoping that finally, we would be allowed to discover what really happened on that day. The majority of Americans never trusted the partisan, Trump-hating Jan 6 Witch Hunt Committee to give an accurate picture of what happened on January 6th at our nation’s Capitol. Those who want the truth exposed have been waiting patiently for Tucker to begin showing surveillance footage on his show, believing he would, once and for all, destroy the Left’s narrative that the so-called “insurrection” was pre-planned by Trump and his supporters.

We’re now learning that Tucker Carlson’s staff will NOT be allowed to freely record footage from January 6, but may request particular clips and that his staffers are not allowed to record or remove any videos from a specific screening area. CBS News – “Fox News host Tucker Carlson’s staff was permitted to view but not record portions of some 41,000 hours of police videos documenting the events of Jan. 6, 2021, with the opportunity to request copies of some of the clips under an agreement reached with House Speaker Kevin McCarthy’s office, according to the high-ranking Republican member of the committee that oversees the U.S. Capitol Police.”

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Do AI chatbots have the same function as the Oracle of Delphi?

• The Return of Oracles: Chatbots Are Coming! (Ugo Bardi)

With the second millennium, society became more and more complex, and the state propaganda system started becoming too rigid and oversimplified. The development of the World Wide Web was an existential challenge for the mass media: people didn’t need anymore to be told what they had to know in a one-size-fits-all, form. They could actively search for knowledge using general-purpose search engines. The epistemic battle rapidly moved to the Web, where states tried to crack down on independent thought by using the tools they know best. Demonization, using terms such as “fake news,” “disinformation,” and “Russian trolls,” was extensively and successfully used to censor and eliminate non-standard sources. It was not possible to completely eliminate independent communication, but the search engines could be bent to suit the needs of the state without the need for direct censorship. Those sites that provide independent data could be simply “soft-banned” or “shadowed.” They are still there, but they are nearly impossible to be found.

And now, there came the new oracles. They came with the name of artificial intelligence-based “chatbots.”(**) A new epistemic revolution, they bypass the search engines, seeking for an answer to direct questions, just like the old oracles did. And they are flexible, adaptable, and changing as a function of the questions they receive. In principle, chatbots are the death knell for search engines, which were the earlier death knell for propaganda. We are in the midst of this new epistemic change, and it is unclear what AI chatbots can and cannot do. For the time being, a good chatbot acts like a good (albeit a little dull) librarian and, at the same time, a meticulous editorial assistant (again, a rather dull one). But, in principle, a good chatbot can bypass the shadow-banning of the search engines: they are much more powerful and sophisticated tools for searching information on the Web. They work on the same principle as the old oracles: they pay for information with information. Every time you ask the bot a question, you provide it with a precious element of information.

Eventually, the question is always the same: who controls the flow of information? Can chatbots be controlled by the state? Maybe but, again, they are very sophisticated tools; they are not easily manageable by the brute force that can be used with the old mass media. They have already scared the elites, who may soon crack down on them. Or, on the other hand, they may be used for even stricter control of people. For one thing, be careful with what you say to your chatbot. A general-purpose chatbot such as “chatGPT” does not keep a record of who asked it what. But others, such as “Replika,” do build a database of your questions that may be used to profile you, or much worse. History teaches us that epistemic revolutions cannot be stopped for a long time. And also that their consequences are always unexpected, and not always pleasant. And, as always, we march into the future with blinds on our eyes, in the darkness, not realizing that both sides of the paths are deep chasms. But we keep walking onward.

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A world I don’t recognize.

 

 

Moose

 

 

 

 

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Debt Rattle September 16 2022

Sep 162022
 
 September 16, 2022  Posted by at 8:17 am Finance Tagged with: , , , , , , , , , ,  59 Responses »


Pablo Picasso Portrait of Dora Maar 1939

 

• Fall Like A Thunderbolt (Schryver)
• Don’t Listen To Those Asking To Stop Supporting Kiev, EU’s Borrell Says (RT)
• US Openly A Party To Ukraine Conflict – Russia (RT)
• Zelensky Guard Appears To Wear Nazi Insignia (RT)
• A Turning-Point Once Every 500 Years (Batiushka)
• American Patience With Germany Wearing Thin – Media (RT)
• Pentagon Finds Hypersonic Research Partner (RT)
• Moscow Responds To UN Nuclear Watchdog Resolution On Ukrainian Plant (RT)
• Special Master Appointed, DOJ Bid To Delay Mar-a-Lago Ruling Rejected (Pol.)
• Democrats Are Trying To Trump-Proof The Government (Lucas)
• How Bill Gates And Partners Took Over The Global Covid Response (Pol.)
• Tucker Carlson Notices the Missing Jubilation in Martha’s Vineyard (CTH)
• Illinois Governor Declares Emergency Disaster As Migrants Bused In (JTN)
• Switching To Renewable Energy Could Save Trillions (BBC)

 

 

 

 

 

 

BBC reporting on DPRK (North Korea) overlaid on queen funeral procession
https://twitter.com/i/status/1570314755167997952

 

 

 

 

Ode to King

 

 

Lowkey @Lowkey0nline
“The British Crown legally owns 6.6 billion acres of land across the world. That is a sixth of the earth’s surface. Charles is now the world’s largest landowner, but I am sure that has nothing to do with colonialism…”

 

 

 

 

“Maskirovka is a Russian word meaning literally “masking” or “disguise”..”

Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.
– Sun Tzu, The Art of War

• Fall Like A Thunderbolt (Schryver)

[..] as the true nature of the events of the past two weeks comes into clearer focus, it is now possible to see that the Russians acted deliberately to provide the NATO commanders of this reconstituted Ukrainian force with some low-hanging fruit to blood their untested army, and provide it with a victory that would not only bolster its battlefield confidence, but more importantly serve essential political purposes at a time when western public support was flagging to a very discernible degree.More importantly, from the Russian perspective, providing NATO commanders a temptation they could not resist would draw this fresh army into the open field of battle where it could then be isolated and ultimately destroyed.

Therefore the Russians commenced, several weeks ago, to withdraw all but a token force from the area containing the towns of Balakliya, Kupyansk, and Izyum – thereby presenting an irresistible opportunity for the commanders of this NATO-trained, NATO-equipped, and NATO-led force to demonstrate, as they imagine it, the superiority of western combined-arms warfare. The subsequent attack achieved seemingly extraordinary success against the relative handful of Donbass militia and Rosgvardia troops left to defend Balakliya and Kupyansk. The Ukrainians and their “foreign volunteer” shock troops advanced mostly unopposed and occupied a fairly significant piece of real estate extending all the way to the Oskil River.

Relatively little soldier against soldier fighting has occurred. In fact, Ukrainian reports euphorically trumpeted the fact that the Ukrainian advance could not even keep up with the speed of the Russian retreat! The “glorious victory” of this quasi-NATO army has – at least for the time being – launched the western media narrative into an unprecedented spasm of triumphalism. Delusional reports of hundreds of abandoned tanks, thousands of casualties, and tens of thousands of captured Russian soldiers are circulating widely, willingly believed by those whose biases find them pleasing. Western think-tank monkeys and retired-generals-for-hire move from one mainstream news studio to the next spouting fantastical nonsense about next liberating the Donbass, then Crimea, followed by deposing Putin and hauling him before a tribunal at The Hague.

And if that were not enough, many have even begun to openly discuss the long-desired western pipe dream of dismantling Russia altogether; cutting it up into a dozen or more smaller republics that will then obediently fall in line with the rest of the “rules-based world order”. It’s all quite breathtaking to behold.

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Borrell has to go from Brussels, along with Von der Leyen. Their delusions are too costly.

• Don’t Listen To Those Asking To Stop Supporting Kiev, EU’s Borrell Says (RT)

The EU must tackle elements of the public that want the Ukraine conflict to be over as soon as possible, and Kiev’s recent offensive in the northeast helped with that, according to Josep Borrell, the top EU official for foreign relations and security. “There is a temptation to abandon [Ukraine] in part of European society,” he told El Mundo newspaper in an interview published on Thursday. People “want to end the war because they cannot bear the consequences, the costs. We have to combat that mentality. The offensive on the northeastern front helps with that.” Borrell was referring to last week’s Ukrainian operation, in which Kiev’s troops pushed Russian forces out of large swathes of Kharkov Region.

Some US officials claimed credit on behalf of the American intelligence community for the advances. According to Borrell, the Ukrainian offensive was a “breath of fresh air” for Brussels since it serves as affirmation that its strategy was “sound.” He has stated on several occasions that Russia had to be defeated on the battlefield for the hostilities in Ukraine to stop. The official told the newspaper that the EU strategy to punish Russia required a long time for sanctions to act, and people should be prepared for it. “It’s like a diet. In a week you may not lose a kilo, but you have to continue,” he said, reiterating the metaphor he used on Tuesday during a speech in the European Parliament.

The EU joined the US in sending military aid to Ukraine and imposing economic sanctions on Russia. It came at a serious cost to European economies, which now have to deal with skyrocketing energy prices and potential shortages of natural gas due to the decision of their governments to decouple from Russian supplies. Borrell downplayed grim predictions that the upcoming winter could become a disaster for the EU. “There are political opposition forces that say we are going to freeze to death. Some of those people who say that are not ideological radicals, they insist that the way we are going is a crazy one,” he said. He suggested that the EU government had to do a better job of “educating” people about the situation.

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“Only naive, short-sighted politicians who know history poorly can talk about victory over Russia on the battlefield.”

• US Openly A Party To Ukraine Conflict – Russia (RT)

It is cause for “deep concern” that the US government is “openly boasting” that Ukraine’s battlefield successes were achieved with the Pentagon’s direct involvement, the Russian ambassador to Washington, Anatoly Antonov, said in an interview on Wednesday. “Against this background, Washington’s statements that the US is not a party to the conflict sound absolutely ridiculous and unfounded,” Antonov told RIA Novosti. “Facts and interviews of former and current politicians and generals say otherwise.” “Videos currently shown on Western channels clearly demonstrate that soldiers and officers who speak fluent English, many with pronounced British and American accents, are fighting against us,” the ambassador added.

The US has done everything to turn Ukraine into a dumping ground for its obsolete weapons, but also a testing range for new NATO equipment, Antonov said, pointing out the insatiable appetite of the US military-industrial complex for profits. By the Pentagon’s own admission, the US has sent Ukraine “more than $17.2 billion in security assistance” since 2014, and another $14.5 billion since February. Kiev’s patrons are “hungry for power and money” and not interested in peaceful solutions, said Antonov. There is little to no talk in the West about negotiations, only about sending more weapons to Ukraine, he added. “Their main main goal is to defeat Russia by any means, and subsequently prevent it from playing a key role in the international arena. And if possible, break it into pieces,” the ambassador said.

“They will not stop pushing Ukraine into further suicidal adventures, such as the ‘offensives’ that were doomed from the start.” Ukraine has claimed its recent advances in the Kharkov region are a “turning point” in the conflict. On Monday, the New York Times reported that the US and UK had been involved in planning the operation, including the admission by the Pentagon’s policy chief Colin Kahl that the US military “did do some modeling and some tabletop exercises,” which it shared with Kiev. “The current situation of Washington inciting Kiev against us is an indisputable, obvious fact,”said Antonov. If the Americans go along with Ukraine’s “insane” demands for long-range rockets, he added, “such a scenario would mean direct involvement of the US in a military confrontation with Russia.”

Even so, this will “not lead to real change on the frontline,” Antonov said, “Only naive, short-sighted politicians who know history poorly can talk about victory over Russia on the battlefield.” Russia’s mission is to “lay down the foundations of a multipolar world order and send the American ‘rules-based world order’ into the dustbin of history,” and Moscow’s diplomats “have no doubt that we will achieve victory,” he concluded.

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His own office published the photo. It appears to be gone now.

• Zelensky Guard Appears To Wear Nazi Insignia (RT)

One of the armed guards of Ukrainian President Vladimir Zelensky has been spotted with insignia resembling a symbol of Nazi Germany unit used during World War II. The image shared by the office of the leader was made during his visit to the recently re-captured town of Izyum on Wednesday. The controversial skull-and-bones image was featured on the back of a heavily armed Ukrainian trooper, who appeared to be part of Zelensky’s security detail during the trip. It can be seen in one of the photos, which the president’s office released on social media. The symbol was the insignia of the SS-Totenkopfverbande units, the part of the Nazi paramilitary Schutzstaffel responsible for security at the death camps.

It was also adopted by the elite Panzer Division ‘Totenkopf’ of the Waffen-SS, which was formed from the death camp guards and fought on the Eastern front and committed multiple war crimes. In modern times, it was adopted by various far-right and nationalist groups in Ukraine, which got their inspiration from Ukrainian nationalist forces that collaborated with the Nazi Germany during World War II and fought against the Soviet Union. Organizations monitoring extremists consider it a hate symbol. In May, Zelensky’s office included a photo of a Ukrainian artillery trooper wearing a similar ‘death head’ patch on his chest in a selection posted on social media on the occasion of the Allied victory in the European theater of war. The same photo was also shared by the country’s defense ministry that day.


Russia cited the influence that extremists groups have in the Ukrainian national guard and military as one of the reasons for sending troops into the country in late February. Zelensky was elected president in 2019 on a platform of reconciliation with rebel forces in the east and normalization of ties with Russia. His initial attempts to deliver on the campaign promises were met with fierce criticisms and street protests by nationalist groups, which called for tougher policies and suppression of Donbass. The Ukrainian president has since reinvented himself as an uncompromising political figure seeking a complete defeat of Russia and its allies and rejecting any calls for peace talks.

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I cannot do Batiushka, the Orthodox priest, justice in the aggregator format. But I can point you to him.

• A Turning-Point Once Every 500 Years (Batiushka)

I recall some forty years ago meeting an elderly English lady, a farmer’s wife called Mrs Dove, who had been present as a schoolgirl at the funeral of Queen Victoria. ‘When the old Queen died all those years ago’, she reminisced nostalgically, ‘everything was draped in black and everyone was dressed in black’. Now Victoria’s great-great-granddaughter, the new ‘old Queen’, is dead, the news announced beneath a rainbow over Windsor Castle. This is the town whose name the Queen’s grandfather, George V, had adopted as the family name, instead of Saxe-Coburg and Gotha. The Windsor name was officially adopted on 17 July 1917, just after the British-orchestrated Russian ‘Revolution’ of 1917, one year to the day before the Tsar and his Family were murdered in Ekaterinburg, on the very frontiers of Europe and Asia. The Russian Tsar had been betrayed by his look-alike cousin, King George V.

Whatever you say about Queen Elizabeth II, she personally had modesty, she had dignity, she had presence, she actually believed in something, she had all that her descendants seem utterly to lack. Perhaps her end was hastened by the behaviour of her son Prince Andrew, her grandson Prince Harry and the imbeciles who inhabit 10 Downing Street, the latest of whom she had to appoint Prime Minister only two days before she died. Why live any longer? She must have been fed up with it all. This is the final, final end of the Protestant Empire of Great Britain (1522-2022) (1), whose collapse began exactly three generations ago in 1947 in India. Perhaps the decline will go swiftly now under the disliked King Charles III (called in Russian Karl III) (2), who finds himself without Queen Diana, the only one who could have saved him. Expect the break-up of the UK to be rapid.

The 96 year-old Queen Elizabeth II died in Scotland, in Victoria’s castle at Balmoral, a relic of the 19th century and its British Empire. Her curious, clipped Germanic accent – no English people talk like that – betrayed the Queen’s foreign origins as the last of the rulers shaped by German Protestantism, imported by the City of London merchant and financial class just over 300 years before. However, it is not only her, it is the other leaders of the Western world, relics of the 20th century, who are dying out too. They are gerontocrats. In the USA Biden, born in the first half of the 20th century and soon to be 80, should really be in an old folk’s home. It is cruel to keep parading him in front of the media like that and asking him to remember things. As for Pope Francis, aged 85, he can hardly walk and says that he too might go early, like his predecessor, still alive at 95, a relic forced to serve in the Hitler Youth.

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“Washington has “doubts” about Germany’s fundamental loyalty to Kiev, questioning whether it wants Ukraine to “win” or just “not to lose.”

• American Patience With Germany Wearing Thin – Media (RT)

Berlin appears to be increasingly out of step with its allies across the pond when it comes to arming Ukraine, Germany’s Die Welt daily reported on Thursday, adding that the issue is impacting relations between the NATO allies. The US allegedly wants Germany to take a more resolute approach towards military assistance for Kiev, it said. Last Sunday, the US ambassador to Berlin, Amy Gutmann, told the German broadcaster ZDF that she expects Germany to “take on a greater leadership role.” She acknowledged Berlin’s military assistance to Kiev, but said her expectations are “even higher.” “So far, Germany has done what we asked for,”a US official told Die Welt on Thursday, adding that Berlin could be moving “faster.”

The paper reported that Washington has “doubts” about Germany’s fundamental loyalty to Kiev, questioning whether it wants Ukraine to “win” or just “not to lose.” On Tuesday, the German tabloid Bild claimed that US officials allegedly sent a diplomatic note to Berlin, in which Secretary of State Antony Blinken supposedly said Washington would “welcome” a decision by Germany to send battle tanks to Ukraine while stopping short of directly asking for such a step. A spokeswoman for the US embassy in Berlin, however, denied this claim, telling Bild that no such outreach was made. “It is not true that we told Germany that they had to supply tanks,” a US official also told Die Welt on Thursday, adding that the US would rather see Germany take a greater leadership role, which now “means helping Ukraine.”

Last week, German Defense Minister Christine Lambrecht told journalists that Berlin would not be the first to send Western-made tanks to Ukraine when no other nation had done so. The reports of Washington’s dissatisfaction with Germany’s response came as Lambrecht announced a fresh weapons package for Kiev. The new batch will include two Mars II multiple rocket launchers and 200 missiles for them, as well as 50 Dingo armored personnel carriers, she told journalists on Thursday.

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I still haven’t seen anyone explain how the US got so far behind on hypersonics. Spending 10x what Russia spends, and still be 10 years behind.

• Pentagon Finds Hypersonic Research Partner (RT)

The Pentagon has agreed to work with Japan to find new ways to defend against hypersonic weapons, as the US rushes to produce a missile to compete with similar platforms under development in China, and already deployed by Russia. US Defense Secretary Lloyd Austin met with his Japanese counterpart, Yasukazu Hamada, at the Pentagon headquarters on Wednesday, where they discussed future military coordination between the two nations and focused on China’s “coercive actions” toward Taiwan in recent weeks. “The ministers concurred that Japan and the United States would further accelerate cooperation in the area of equipment and technology to ensure technological edge of the alliance,” including “joint analysis on counter-hypersonic technology,” the Japanese Defense Ministry said in a statement.

The ministry noted that Washington and Tokyo would “cooperate closely and seamlessly” to prevent any “unilateral change in the status quo” in the Indo-Pacific region, where American warships frequently conduct ‘freedom of navigation’ missions through contested waters claimed by Beijing. Both Austin and Hamada “strongly condemned China’s ballistic missile launches in early August,” with Tokyo claiming some of the projectiles landed within its exclusive economic zone (EEZ). The two also accused Beijing of provocative military drills near Taiwan – which China considers part of its own territory – following a visit to the island by US House Speaker Nancy Pelosi last month. In the Pentagon’s readout of Wednesday’s meeting, Austin vowed to “modernize the US-Japan alliance, bolster integrated deterrence, and further cooperate with like-minded partners to ensure a free and open Indo-Pacific,” though the release made no mention of hypersonic technology.

While various hypersonic missile designs have long been under development by the US defense establishment, no platform has been adopted into service. Following a test of the hypersonic AGM-183A Air-launched Rapid Response Weapon (ARRW) last May, the Air Force declared it a “major accomplishment,”though the missile failed to reach its theoretical top-speed of Mach 20 (or 20 times the speed of sound). China, too, is working on a hypersonic munition, which it has test-fired on a number of occasions, while Russia’s hypersonic Kh-47M2 Kinzhal has been in service for several years, seeing its first real-world operational deployments during the conflict with Ukraine.

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The IAEA cannot choose sides. But it does. Next they’re going to call for Russia to withdraw from the plant, though they know that will never happen.

• Moscow Responds To UN Nuclear Watchdog Resolution On Ukrainian Plant (RT)

Russia has criticized the resolution adopted by the UN nuclear watchdog on the Zaporozhye Nuclear Power Plant. The document passed by the International Atomic Energy Agency (IAEA) is “anti-Russian” and does not say a single word about the Ukrainian shelling of the facility, Russian diplomats have said. The facility, the largest of its kind in Europe, is located in Ukraine but currently controlled by Russian forces. On Thursday, the IAEA Board of Governors adopted a document demanding Russia “immediately cease all actions against, and at, the Zaporozhye Nuclear Power Plant and any other nuclear facility in Ukraine.” The text also said the board “deplores the Russian Federation’s persistent violent actions against nuclear facilities in Ukraine.”

Russia’s mission to the IAEA responded by saying that the document was “pushed through” by the West, while “the majority of humanity refused to support it.” The resolution passed with 26 votes in favor. Russia and China, which are also on the board, voted against it, while seven nations – Egypt, South Africa, Senegal, Burundi, Vietnam, India, and Pakistan – abstained. Those supporting the document mostly consisted of the US and its allies in Europe and elsewhere. The Russian diplomats also blasted the fact that the resolution fails to mention the shelling of the station, the evidence for which Moscow had provided several times. The officials also accused Western nations of “supporting and shielding” Kiev in “every possible way,” while blaming Ukraine for the attacks.

The document was passed in the wake of the IAEA mission that visited the Zaporozhye plant in early September. On Wednesday, in a phone call with UN Secretary-General Antonio Guterres, Russian President Vladimir Putin welcomed the IAEA’s work, which is contributing to the safety of the facility. This was the second resolution adopted by the IAEA amid the Russian military operation in Ukraine. The first one was passed in March before Russian forces had taken control of the power plant. The documents are similar in nature and in both cases were introduced by Canada and Poland on behalf of Ukraine, which is not on the agency’s board, according to Reuters. Moscow has repeatedly accused Ukrainian forces of shelling the grounds of the plant. Kiev has denied the accusations and instead blamed Russia for the incidents, despite the area already being under Moscow’s control.

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George Webb – Investigative Journalist @RealGeorgeWebb1: “Dearie is Special Master. yep, the Carter page FISA guy.”

• Special Master Appointed, DOJ Bid To Delay Mar-a-Lago Ruling Rejected (Pol.)

U.S. District Court Judge Aileen Cannon on Thursday rejected a Justice Department demand to let federal prosecutors continue their review of records marked classified that were recovered from former President Donald Trump’s Mar-a-Lago estate. In her ruling, Cannon refused to accept department officials’ contention that the records they are trying to review as part of an ongoing criminal investigation remain highly classified or contain extraordinarily sensitive defense information that could damage national security if released. “The Court does not find it appropriate to accept the Government’s conclusions on these important and disputed issues without further review by a neutral third party in an expedited and orderly fashion,” Cannon, a Trump appointee, wrote in her 10-page ruling denying the Justice Department’s request to essentially exclude about 100 documents marked classified from the special master process.

Cannon instead appointed Raymond Dearie, a senior federal judge in New York, to lead an independent review of the seized materials. He was one of two potential special masters proposed by the Trump team, and prosecutors said they found him acceptable even though he was not one of their initial picks. In a signed filing released by the court on Thursday night, Dearie accepted the task. Cannon urged him to complete his review by Nov. 30 — more than a month after the Oct. 17 deadline the Justice Department had most recently asked Cannon to set. While Cannon’s timeline appears to extend Dearie’s review well past the November midterm elections, she did instruct him “to prioritize review of the approximately 100 documents marked as classified (and papers physically attached thereto),” meaning it’s possible prosecutors could regain access to some or all of those materials before they get another look at the other records seized in the FBI’s Aug. 8 search of the Trump’s Florida estate.

Last week, the Justice Department appealed Cannon’s order to appoint a special master and indicated it would seek relief from the 11th U.S. Circuit Court of Appeals if she did not agree to delay aspects of her ruling by Thursday night. The ruling is another setback for federal prosecutors, who have expressed alarm at the extraordinarily sensitive records they found in boxes intermingled with Trump’s personal items in his Mar-a-Lago storage room, as well as some recovered from his office. The Justice Department has warned that Cannon’s Sept. 5 order — which enjoined the department from furthering its criminal review of the documents seized by FBI agents — had also disrupted a parallel risk assessment of those documents by the intelligence community. Though Cannon allowed that review to continue, the Justice Department emphasized that her order had sown confusion within the executive branch.

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“The silliness of it all is that Trump might be the only Republican–at least top tier Republican–who could lose to either Joe Biden or Kamala Harris in 2024.”

• Democrats Are Trying To Trump-Proof The Government (Lucas)

Trump Derangement Syndrome is clearly real. To be clear, it’s not necessarily better or worse than Trump sycophancy. Americans–whether serving in public office or everyday working stiffs–should never base their life around idolatry of or seething hatred for one prominent leader. But, of course, that has happened with Trump. I suppose polarizing is a shorter way to put it, but that term seems so trite. Anyway, the anti-Trump side is presently being more ridiculous and pettier. If Trump sycophancy becomes a legislative agenda, I’ll reconsider that judgment. The silliness of it all is that Trump might be the only Republican–at least top tier Republican–who could lose to either Joe Biden or Kamala Harris in 2024.

While that’s questionable, House Democrats are advancing bills through committee as if they think he’s a sure thing come January 2025 – or water down a second Trump term as much as possible by weakening presidential authority. Also, some of the bills are based on silly anti-Trump conspiracy theories. The bills would effectively politicize executive branch agencies that shouldn’t be. HR 8326, dubbed the Ensuring a Fair and Accurate Census Act would make it more difficult for a president to fire a Census Bureau director, while also granting the director broad new authorities to conduct statistical sampling. It would expand the number of Census Bureau employees with civil service protections. It also constrains future censuses from inquiring about citizenship–which could favor Democrats for enumeration and apportionment.

When the oversight committee advanced the bill in July, committee Chairwoman Carolyn Maloney, D-N.Y., complained about the “Trump administration’s illegal efforts to weaponize the Census Bureau for political gain.” House Oversight Committee Democrats Reps. Gerald Connolly of Virginia and Brian Fitzpatrick of Pennsylvania co-sponsored H.R. 302, dubbed the Preventing a Patronage System Act. The theory is that if Trump is elected, he would eliminate the civil service system and return to a spoils system. The press release for the bill references Trump’s final months in office, when he signed an executive order creating a “Schedule F” category of federal employees.

The order determined that career employees with civil service protections involved with “policy-determining, policy-making, or policy-advocating” positions that are “not normally subject to change as part of a presidential transition” could be more easily removed for insubordination, which was a problem during the Trump administration. This would affect a maximum 50,000 federal employees out of the 2.2 million federal workforce. That’s far from a patronage system. The Whistleblower Protection Improvement Act, or H.R. 2988, certainly is a more innocuous sounding name, since many Republican lawmakers love whistleblowers that rat out Democrats. But this bill practically encourages bad actors in the federal workforce to simply engage in meritless accusations–thus abuse the legal whistleblower protections.

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Filling a vacuum with money.

• How Bill Gates And Partners Took Over The Global Covid Response (Pol.)

When Covid-19 struck, the governments of the world weren’t prepared. From America to Europe to Asia, they veered from minimizing the threat to closing their borders in ill-fated attempts to quell a viral spread that soon enveloped the world. While the most powerful nations looked inward, four non-governmental global health organizations began making plans for a life-or-death struggle against a virus that would know no boundaries. What followed was a steady, almost inexorable shift in power from the overwhelmed governments to a group of non-governmental organizations, according to a seven-month investigation by POLITICO journalists based in the U.S. and Europe and the German newspaper WELT.

Armed with expertise, bolstered by contacts at the highest levels of Western nations and empowered by well-grooved relationships with drug makers, the four organizations took on roles often played by governments — but without the accountability of governments. While nations were still debating the seriousness of the pandemic, the groups identified potential vaccine makers and targeted investments in the development of tests, treatments and shots. And they used their clout with the World Health Organization to help create an ambitious worldwide distribution plan for the dissemination of those Covid tools to needy nations, though it would ultimately fail to live up to its original promises.

The four organizations had worked together in the past, and three of them shared a common history. The largest and most powerful was the Bill & Melinda Gates Foundation, one of the largest philanthropies in the world. Then there was Gavi, the global vaccine organization that Gates helped to found to inoculate people in low-income nations, and the Wellcome Trust, a British research foundation with a multibillion dollar endowment that had worked with the Gates Foundation in previous years. Finally, there was the Coalition for Epidemic Preparedness Innovations, or CEPI, the international vaccine research and development group that Gates and Wellcome both helped to create in 2017.

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Martha’s Vineyard finally gets diversity.

• Tucker Carlson Notices the Missing Jubilation in Martha’s Vineyard (CTH)

A strange thing happened. After lecturing the nation on the virtues of mass migration, the white liberal democrats on Martha’s Vineyard did not celebrate the arrival of the non-white immigrants they have been demanding for years. Fox News host Tucker Carlson noted in his monologue that Martha’s Vineyard famous nimby residents, including former President Barack Obama, did not welcome the people of color as one would expect. Instead of celebrating the new diversity, oddly the residents quickly moved to find alternate off island locations to accept the arriving immigrants.

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“Border officials have seen more than 4 million encounters with foreign nationals attempting to cross the southern border since Biden first took office.”

• Illinois Governor Declares Emergency Disaster As Migrants Bused In (JTN)

Illinois Gov. JB Pritzker on Wednesday issued an emergency disaster proclamation in response to several hundred foreign nationals being bused to the state from the southern border by Texas’ governor. Pritzker activated about 75 members of the Illinois National Guard “to ensure all state resources are available to support asylum seekers arriving nearly daily to Chicago from the state of Texas,” the governor’s office said in a news release. It also “enables the Illinois Emergency Management Agency (IEMA) and other state agencies, in close coordination with the City of Chicago, Cook County, and other local governments, to ensure the individuals and families receive the assistance they need. This includes transport, emergency shelter and housing, food, health screenings, medical assessments, treatments, and other necessary care and services.”

Texas Gov. Greg Abbott began busing foreign nationals who crossed the border into Texas illegally to Washington D.C. in April, to New York City this summer, and then to Chicago beginning late last month. All three cities are so-called “sanctuary cities” that proclaim to welcome illegal immigrants and not cooperate with Immigration and Customs Enforcement (ICE) officers. “Today, I signed a disaster proclamation allowing the state to speed up the procurement of the immediate resources needed to help Chicago, Cook County, and other jurisdictions provide humanitarian assistance to the asylum seekers who are being sent to our state with no official advance notice by the Governor of Texas,” Pritzker said in a statement. “Let me be clear: while other states may be treating these vulnerable families as pawns, here in Illinois, we are treating them as people.”

Abbott argues the crisis at the southern border was created by President Joe Biden’s open border policies and has called on the mayors of these sanctuary cities to demand that Biden enforce U.S. immigration law. Border officials have seen more than 4 million encounters with foreign nationals attempting to cross the southern border since Biden first took office. Texas has had to deal with the majority of them. The administration has released hundreds of thousands of them into Texas and other border state communities.

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“probabilistic” modelling..

• Switching To Renewable Energy Could Save Trillions (BBC)

Switching from fossil fuels to renewable energy could save the world as much as $12tn (£10.2tn) by 2050, an Oxford University study says. The report said it was wrong and pessimistic to claim that moving quickly towards cleaner energy sources was expensive. Gas prices have soared on mounting concerns over energy supplies. But the researchers say that going green now makes economic sense because of the falling cost of renewables. “Even if you’re a climate denier, you should be on board with what we’re advocating,” Prof Doyne Farmer from the Institute for New Economic Thinking at the Oxford Martin School told BBC News. “Our central conclusion is that we should go full speed ahead with the green energy transition because it’s going to save us money,” he said.

The report’s findings are based on looking at historic price data for renewables and fossil fuels and then modelling how they’re likely to change in the future. The data for fossil fuels goes from 2020 back more than 100 years and shows that after accounting for inflation, and market volatility, the price hasn’t changed much. Renewables have only been around for a few decades, so there’s less data. But in that time continual improvements in technology have meant the cost of solar and wind power have fallen rapidly, at a rate approaching 10% a year. The report’s expectation that the price of renewables will continue to fall is based on “probabilistic” modelling, using data on how massive investment and economies of scale have made other similar technologies cheaper.

“Our latest research shows scaling-up key green technologies will continue to drive their costs down, and the faster we go, the more we will save,” says Dr Rupert Way, the report’s lead author from the Smith School of Enterprise and the Environment.

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Water man

 

 

 

More hands
https://twitter.com/i/status/1570035223013855233

 

 

 

 

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Debt Rattle March 20 2017

Mar 202017
 
 March 20, 2017  Posted by at 8:26 am Finance Tagged with: , , , , , , , ,  4 Responses »


Janine Niepce Paris ca. 1950

 

• The Central Bank Shell Game (WS)
• Using Superannuation For Deposit ‘Irresponsible’ – Keating (Nine)
• Chinese Home Prices “Unexpectedly” Rebound (ZH)
• The Fed’s Global Dollar Problem (BBG)
• Oil Drops On Rising Us Drilling, Failing OPEC Cuts (R.)
• Smile For The Auschwitz Selfie: Why Holocaust Memorials Have Failed (NS)
• Spy Comments Proof Germany Supports Group Behind Attempted Coup: Erdogan (R.)
• Erdogan Accused Merkel Of Using Nazi Methods (DW)
• Dijsselbloem Calls For ESM To Be Turned Into A European IMF (R.)
• Defeat in Victory (Jacobin)
• Greece Edges Toward Another Bailout Crisis (BBG)
• How Millions In Refugee Funds Were Wasted In Greece (K.)
• Avoiding Risky Sea Journey, Syrian Refugees Head To Italy ‘Pronto’ (AFP)
• 3,000 Migrants Rescued Off Libya On Sunday (AFP)

 

 

Great example of why there is a housing bubble everywhere, from a guest writer at Wolfstreet. The second graph is priceless. “The very premise of Swedish society is under attack..”

• The Central Bank Shell Game (WS)

Sweden’s welfare state supposedly allows for success while providing a safety net for those unable to keep up with the market. In principle, it is an ideal, utopian-like state. However, Sweden’s touted economic success has come at the expense of its currency, the Krone (SEK), and long-term sustainability. Riksbank, the Swedish Central Bank, like its European contemporaries, has undertaken experimental policy, driving real and nominal interest rates below zero. Since 2014, Swedish deposit rates have been negative. Not only has overall negative real interest rate policy affected housing, but it also drove Swedish consumers deeper into debt. Embarking on the dual mandate policy may have staved off recession, but it created greater problems for the future.

Although current deposit rates are at a record low of -1.25%, the latest GDP print came in at 2.3%, and the growth rate has been tapering since 2015. Sweden’s “hot” GDP growth – hot relative to the region – could be attributed, not to industrial growth, but rather increased government spending, funding social programs. Additionally, with no incentive to save, consumer debt has taken off, along with the housing prices, while disposable income lagged. Swedish household debt is now at a record high. Hence, the Swedish growth story is not organic but rather a borrow-and-spend one.

Swedes, like Norwegians, are victims of the “exchange rate versus housing price shell game.” The SEK received today for the sale of their inflated flats has fallen 30% against the US dollar (average USDSEK in 2014 was 6.86 vs. 8.95 on March 15, 2017). Stockholm housing rose 31% during the same period in SEK terms, negating the recent gains over the same period. The SEK fell 23% against gold in the same period. Hence, the “Swedish Model” is under attack. The egalitarian underpinnings, unwinding with the negative rates, are driving a wedge into Swedish society, creating extremes on both sides of the economic spectrum. The rampant consumerism, encouraged by artificially low rates, continues to widen the wealth gap. Coincidentally, the middle class deteriorated the most between 2014 and 2015: the same time that deposit rates took a dive. Furthermore, the negative savings rates are driving the average person to “gamble” on speculative investments instead of saving and building a future over the long term.

[..] instead of undertaking experimental rate policy, Riksbank and the Swedish government should be engineering a soft-landing or a “controlled crash”, adjusting taxes and policy to ensuring a smooth transition to sustainability for the general population. There is precedent from Iceland that already exists. It is clear that the negative rate experiment is neither sustainable nor helpful to economic growth. It only inflates bubbles while widening the wealth gap in Swedish society. A once prudent and financially conservative people are now getting drunk on debt, wrecking their future. The very premise of Swedish society is under attack.

Read more …

Everybody does it. When people start borrowing less from banks for housing, economies will collapse. Superannuation is sort of like Australia’s 401(K).

• Using Superannuation For Deposit ‘Irresponsible’ – Keating (Nine)

Former prime minister Paul Keating has labelled as “scandalous” the Turnbull government’s suggestion it might allow young people to raid their superannuation for house deposits. Ahead of the May budget, Mr Keating argues the idea would rob younger Australians of a large block of savings at the end of their working lives. “As an economic idea, this is scandalous. But, of course, for the Liberal Party, this is an ideological proposal,” he writes in Fairfax Media today. Mr Keating, who spearheaded Australia’s superannuation sector in 1992, said if the government were to proceed with this “irresponsible” idea it would put at risk the financial future of generations.

“It would potentially destroy superannuation for those, in the main, under 40 years of age, while at the same time, driving up the cost of the housing they are seeking to purchase,” he said. The federal government earlier this month set up a taskforce to look at new ways to promote millions of dollars of investment in community housing that could benefit one in three Australians. The taskforce will be headed up by Stephen Knight, who has had extensive experience in debt capital markets as CEO of the Treasury Corporation in NSW and as a member of the Australian Office of Financial Management advisory board. The group will report back to the government by the middle of the year. Treasurer Scott Morrison said housing affordability issues were impacting on the 30% of Australians who live in rented homes, and those who relied on affordable and social housing.

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China is caught in the same bind as Sweden, Australia, and just about the entire western world. Without ever more mortgage lending, banking systems are gone.

• Chinese Home Prices “Unexpectedly” Rebound (ZH)

“The government intends to pause the surging home prices, and let them walk steadily up later,” said Xia Dan, a Shanghai-based analyst at Bank of Communications Co., adding that if curbs on demand are lifted, prices will rise further. “The government doesn’t want the prices to run all the time and ferment bubbles.” As Bloomberg notes, China’s biggest cities have seen a round of home price surges in the past year. In Beijing, new home prices rose 24% in February from a year earlier, while Shanghai saw a 25% gain. Shenzhen prices increased 14% in the same period. “Beijing’s tightening will have a short-term effect to stabilize the market, but the power of policy has become increasingly weaker,” Zhang Hongwei at Tospur Real Estate Consulting, said Friday, adding more local tightening may follow.

Or maybe not, because one may ask: is the rebound really unexpected. Perhaps not: as the WSJ reported on Sunday, “this year it seemed China was finally going to make headway on an idea familiar to U.S. homeowners: a property tax. For many Chinese families, owning a home is one of few options to build wealth, driving buying frenzies as people rush to purchase before prices soar. Imposing costs on homeowners through a property tax is seen as a way to tame such speculation, while also helping fund local governments. Lu Kehua, China’s vice housing minister, last month said the government needed to “speed up” a property-tax law. Economists and academics have long recommended the move. Yet the annual National People’s Congress came and went this month with no discussion of the topic. An NPC spokeswoman said a property tax wouldn’t be on the legislative agenda for the rest of the year.

In short, China evaluted the risk of a potential housing bubble burst, and deciding that – at least for the time being – it is not worth the threat of losing a third of Chinese GDP in “wealth effect”, got cold feet. Expect the recent dip in home prices to promptly stabilize, with gains in the short-term more likely that not.

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Long predicted. Financial warfare.

• The Fed’s Global Dollar Problem (BBG)

The Federal Reserve might be doing the right thing for the U.S. economy by moving to bring interest rates back up to normal. But for foreign companies and governments that have borrowed trillions of U.S. dollars, the adjustment could be painful. Thanks in large part to a prolonged period of extremely low U.S. interest rates, borrowers around the world have gone on a dollar binge over much of the past decade – making them more vulnerable to the Fed’s policy decisions than ever before. As of September, non-bank companies and governments outside the U.S. had some $10.5 trillion in dollar-denominated debt outstanding, according to the Bank for International Settlements. That’s more than triple the level of September 2004, the last time the Fed was about this far into a cycle of rate increases. Here’s a chart:

If the Fed sticks with its plan of raising rates more than a percentage point by the end of next year, the increased interest costs could stunt growth and weigh on borrowers’ finances in places as far flung as the U.K. and China. It could also mean losses for investors holding the debt, particularly given that the duration of dollar-denominated bonds – a measure of their price sensitivity to changes in interest rates – is close to its highest point in at least two decades. An increase of 1 percentage point, for example, would take $500 billion off the value of the bonds included in the Bank of America Merrill Lynch U.S. Dollar Global Corporate and High Yield Index. Here’s a chart showing how that number has changed over the years (thanks to a combination of increased dollar debt and increased duration):

Read more …

Next up: falling demand.

• Oil Drops On Rising Us Drilling, Failing OPEC Cuts (R.)

Oil prices fell on Monday, with already-bloated markets pressured by rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts. Prices for benchmark Brent crude futures were 35 cents, or 0.68%, below their last settlement at 0646 GMT, at $51.41 per barrel. U.S. West Texas Intermediate (WTI) crude futures were down 46 cents, or 0.94%, at $48.32 a barrel. Traders said that prices came under pressure from rising U.S. drilling and ongoing high supplies by OPEC despite its pledge to cut output by almost 1.8 million barrels per day (bpd) together with some other producers like Russia.

“There is good, strong momentum to the downside,” futures brokerage CMC Markets said in a note on Monday. U.S. drillers added 14 oil rigs in the week to March 17, bringing the total count up to 631, the most since September 2015, energy services firm Baker Hughes Inc said on Friday, extending a recovery that is expected to boost shale production by the most in six-months in April. Sukrit Vijayakar of energy consultancy Trifecta said the rising drilling activity was “reinforcing the expectation of higher U.S. production offsetting (OPEC’s) supply cuts”. U.S. oil output has risen to over 9.1 million bpd from below 8.5 million bpd in June last year.

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“..for the likes of Rudd, “Never forget” means “Don’t forget for two weeks” or, if politically expedient, “Don’t forget for three days”.

“The reason they can never answer the question, ‘How could it [the Holocaust] possibly happen?’ is that it’s the wrong question. Given what people are, the question is, ‘Why doesn’t it happen more often?’”

• Smile For The Auschwitz Selfie: Why Holocaust Memorials Have Failed (NS)

It is time to say that attempts to memorialise the Holocaust have failed and may even be counterproductive. The dead are still dead; anti-Semitism still exists and sometimes thrives. Myths of Jewish power circulate, now with the added insult of “playing the Holocaust card (that you presumably picked up at a Holocaust memorial gift shop)”. A clutch of these memorials, all counselling kindness to the refugee, could not save Aylan Kurdi, a three-year-old Syrian boy, from drowning in the Mediterranean Sea in 2014. In January the Home Secretary, Amber Rudd, posted a picture of herself signing a Holocaust remembrance book on Twitter. “We must never forget,” she wrote. It reminded me of my favourite line from the 1986 Woody Allen film Hannah and Her Sisters: “The reason they can never answer the question, ‘How could it [the Holocaust] possibly happen?’ is that it’s the wrong question. Given what people are, the question is, ‘Why doesn’t it happen more often?’”

Two weeks later, Rudd announced that the “Dubs amendment” – which aimed to offer sanctuary to solitary child refugees and was sponsored by Lord Dubs, who came to the UK from Czechoslovakia on the Kindertransport in March 1939 – would be discontinued after resettling just 350 children. (Even the Cameron government, no friend to the vulnerable, suggested that it could take about 3,000.) I do not expect Rudd to know that, in response to the Évian Conference on Jewish refugees, held in France in 1938, Adolf Hitler offered German Jews to the world but the world did not want them. Britain took 10,000 children, sponsored privately, and left their parents to die. After 1945, Britain agreed to take another 1,000 Jewish children but it could not find 1,000 still alive. It took 732. I now see that, for the likes of Rudd, “Never forget” means “Don’t forget for two weeks” or, if politically expedient, “Don’t forget for three days”.

But if that’s what you think, you never knew anything to forget. Rudd couldn’t see the connection between the British government of 1938 leaving children to die in far-off lands and the British government of 2016 doing the same. Her signing of a Holocaust remembrance book was so meaningless that it was, at best, hand exercise and, at worst, a cynical PR gesture. This act of Holocaust memorialising was a failure. I hope that Rudd is prevented from approaching any Holocaust-related stationery in future. But that won’t happen. The orthodoxy in these circles is: let them all come to bear witness, no matter what they do with it. Some of them might learn something. This policy led to a friend hearing a young Polish boy, touring Auschwitz, describe a fellow visitor as “a rich Jewish bitch in all that jewellery”. The boy had learned nothing, but the man had. He punched him in the face, and that is the only cheerful anecdote in this article.

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Maybe Germany and the US should make this very clear: “..the head of the BND foreign intelligence agency, who said the Turkish government had failed to convince it that Muslim cleric Fethullah Gulen was responsible for the coup attempt.”

• Spy Comments Proof Germany Supports Group Behind Attempted Coup: Erdogan (R.)

Doubts expressed by Germany’s spy agency regarding the role of a U.S.-based cleric in last year’s attempted coup in Turkey are proof that Berlin supports the organization behind the attempt, Turkish President Tayyip Erdogan’s spokesman said on Sunday. Ibrahim Kalin made the comment in a live interview with broadcaster CNN Turk. On Saturday, German news magazine Der Spiegel published an interview with the head of the BND foreign intelligence agency, who said the Turkish government had failed to convince it that Muslim cleric Fethullah Gulen was responsible for the coup attempt. “Turkey has tried to convince us of that at every level but so far it has not succeeded,” Bruno Kahl was quoted as saying. Kalin said those comments were proof that Berlin supported the coup. Germany and Turkey have been locked in a deepening diplomatic row after Berlin banned some Turkish ministers from speaking to rallies of expatriate Turks ahead of a referendum next month, citing public safety concerns.

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Erdogan needs an enemy to ‘protect’ his people from, or he won’t win the referendum.

• Erdogan Accused Merkel Of Using Nazi Methods (DW)

Ankara launched a new wave of anti-German rhetoric on Sunday, with President Recep Tayyip Erdogan calling out the German chancellor in a televised speech. “When we call them Nazis, they (Europe) get uncomfortable. They rally together in solidarity. Especially Merkel,” Erdogan said. “But you are right now employing Nazi measures,” he said, addressing Merkel directly and using the unofficial, personal way of saying “you” in Turkish. Erdogan has previously accused both the Netherlands and Germany of acting like Nazis after the two countries prevented Turkish ministers from holding campaign rallies on their territory. In his Sunday speech, Erdogan accused Merkel personally of using Nazi methods against his “Turkish brother citizens in Germany and brother ministers.”

The row with Europe “showed that a new page had been opened in the ongoing fight against our country,” he added. Berlin was decidedly not amused, saying that the Turkish president had “gone too far.” Foreign Minister Sigmar Gabriel told the Passauer Neue Presse that he warned Ankara against continuing this “shocking” rhetoric. “We are tolerant but we’re not stupid,” Gabriel said. “That’s why I have let my Turkish counterpart know very clearly that a boundary has been crossed here.” Ankara also responded furiously to a Kurdish rally in Frankfurt yesterday, where participants carried flags and symbols of the outlawed Kurdistan Workers’ Party (PKK) and called for a ‘no’ on the upcoming referendum. The Turkish government said the rally showed Berlin’s hypocrisy after halting similar events for the ‘yes’ camp. They also summoned the German ambassador over the incident.

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Someone should shut up Dijsselbloem. When you lose as big as he did in last week’s elections, you need to pipe down, disappear.

• Dijsselbloem Calls For ESM To Be Turned Into A European IMF (R.)

The European Stability Mechanism (ESM) – the euro zone’s bailout fund – should ultimately be turned into a European version of the International Monetary Fund, the head of euro zone finance ministers told a German newspaper. “I think it would make a lot of sense for the euro zone bailout fund ESM to be developed into a European IMF in the medium to long term,” Jeroen Dijsselbloem told Monday’s edition of Frankfurter Allgemeine Zeitung. He said that would also mean that Greece’s current “troika” of lenders – the European Commission, ECB and the IMF – would need to be broken up in the longer term. “The ECB feels increasingly uncomfortable in its troika role, and rightly so I think,” Dijsselbloem said, adding that the European Commission had other “important tasks” that it should concentrate on.He said the ESM should “build up the technical expertise that only the IMF has at the moment”.

German Finance Minister Wolfgang Schaeuble has also proposed turning the ESM into a European monetary fund to improve the management of crises in Europe. Dijsselbloem said the institutions should maintain their roles for Greece’s current bailout and said he still expected the IMF to decide on a new programme, adding that it would be “most welcome” if this happened by the summer. Germany, which holds elections in September, wants the IMF on board before new money is lent to Athens. But it disagrees with the IMF over debt relief and the fiscal targets that Greece should maintain after the bailout programme ends in 2018. Dijsselbloem said he did not expect the current review of Greece’s bailout programme to be concluded quickly, adding that he did not think the institutions will complete it before a Eurogroup meeting in Malta in April.

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From a Jacobin article on the Dutch elections. Yeah, as I said last week, they’re trying to find ways to allow Dijsselbloem to ‘finish the job’ of finishing off Greece.

• Defeat in Victory (Jacobin)

Under the current government, the PvdA’s rightward shift took on a whole new meaning. The party gained significant ground during the 2012 elections by arguing that a vote for Labour was the only way to avoid a VVD-led austerity government. Immediately after the elections, the party turned around and started negotiating the formation of a coalition with those very opponents. This government launched a massive austerity program, entailing almost fifty billion euros in cutbacks. PvdA ministers prided themselves on taking some of the most difficult posts, including social affairs and employment (PvdA leader Lodewijk Asscher) and finance (Jeroen Dijsselbloem).

A PvdA minister of the interior loyally executed the VVD’s anti-refugee policies. And Dijsselbloem not only enthusiastically applied the European Union’s fiscal stringency to the Netherlands but, as chairman of the Eurogroup, became its main enforcer against the Syriza government. Nothing could more fully demonstrate the PvdA’s neoliberal drift than the fact that Alexander Pechtold, leader of the liberal-democratic party Democrats 66 (D66), repeatedly suggested Dijsselbloem could continue to represent the Netherlands in Brussels “so that he can finish the job.” [..] The same anger and anxieties that created violent shocks to the political system — of which the PvdA’s collapse is only the latest example — also continue to drive large numbers to vote for allegedly safe parties that they wrongly believe will at least not make things worse.

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Greece spends more on pensions because it is the only fallback the economy has, they play the role that in other countries is played by unemployment benefits. The Troika knows this very well. It’s hard not to conclude that the lenders are trying to create a civil war in Greece.

• Greece Edges Toward Another Bailout Crisis (BBG)

Greece is set to miss yet another deadline for unlocking bailout funds this week, edging closer to a repeat of the 2015 drama that pushed Europe’s most indebted state to the edge of economic collapse. Euro-area finance ministers meeting in Brussels on Monday will reiterate that the government of Alexis Tsipras has yet to comply with the terms attached to the emergency loans that have kept the country afloat since 2010. While Tsipras had promised the long delayed review of the latest bailout would be completed by March 20, a European official said last week that reaching an agreement even in April is now considered a long shot. The two sides are still far apart on reforms demanded by creditors in the Greek energy market and the government in Athens is resisting calls for additional pension cuts. And while discussions continue on how to overhaul the labor market, a finance ministry official said in an email to reporters on Friday that the issue can’t be solved in talks with technocrats.

Stalled bailout reviews and acrimony between successive governments and auditors representing creditor institutions are all too familiar themes in the seven-year crisis that has reduced the Greek economy by a quarter. Failure to resolve the latest standoff before the summer could mean that Greece may not be able to meet debt payments due in mid-July. Even as Greek bonds have performed better than most of its euro-area peers this year on expectations that the government will capitulate, uncertainty has weighed on economic activity, raising the risk that an additional bailout may be needed. Unemployment rose in the last quarter of 2016, the economy unexpectedly contracted, and a bleeding of deposits from the nation’s battered lenders resumed.

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Daniel Howden is a senior editor at Refugees Deeply. Good piece, but very incomplete. I’ll get back to that.

• How Millions In Refugee Funds Were Wasted In Greece (K.)

For a story of waste and suffering, it’s notable that some of the worst decisions in response to the refugee crisis in Greece were born of good intentions. An archipelago of some 50 small refugee camps was scattered over Greece in preference to concentrating asylum seekers in larger ghettos. As an idea it had merits. In practice it was disastrous. Authorities still struggle to say how many camps there are. The Ministry of Migration Policy lists 39 but the UN says there may be more than 50. Many of these sites, which are in various states of closure, were clearly unfit for human habitation in the first place. The choice to build so many of them multiplied infrastructure costs for things like sewage systems built on private property or remote sites that will serve no public purpose in the future. Meanwhile, the Public Power Corporation is building substations at sites that will likely face closure.

The European Commission and its humanitarian operations agency ECHO are expected to cease support for all but 10 of Greece’s mainland camps in the near future. As the main donor, this will be decisive. There is similar confusion over how many asylum seekers remain in Greece from the 1.03 million who entered in 2015-16. Again the ministry and the UN disagree, with the former saying 62,000 and the latter nearer 50,000. European officials say privately that both numbers are overestimates. This shroud of confusion has contributed to a mess that will be remembered as the most expensive humanitarian response in history. Some $803 million flowed into Greece from the beginning of 2015, according to an investigation by Refugees Deeply, an independent reporting platform. The bulk of these funds were meant to be spent on services for the 57,000 refugees and migrants stranded in Greece when the borders shut one year ago. That translates to a rough cost per beneficiary of $14,000.

Nobody believes this has been money well spent. One senior aid official admitted that as many as $70 out of every $100 spent had been wasted. As anyone who followed the response in Haiti or Kosovo would affirm, the aid industry is inherently wasteful but this was excessive. The scale of this became obvious from November onward when refugees were pictured in tents in the snow and it sparked a blame game. None of the actors emerge with much credit. The UN refugee agency played mute witness to failures in refugee protection for fear of offending its second largest donor, the EU. The European Commission was content to make grandiose statements that exaggerated the funding it had committed, while doing nothing to correct the mistakes it witnessed on the ground. It also made promises on asylum service assistance that were not kept. The bigger the mess in Greece, the greater the deterrent and the stronger the message to future asylum seekers not to come this way.

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Wonderful. There is still hope. There are still people, even in governments, who are still people.

• Avoiding Risky Sea Journey, Syrian Refugees Head To Italy ‘Pronto’ (AFP)

Just before midnight in a sleepy district of Beirut, dozens of Syrian refugees huddle in small groups around bulging suitcases, clutching their pinging cellphones and one-way tickets to Italy. “Torino! Pronto! Cappuccino!” They practise random Italian words in a schoolyard in the Lebanese capital’s eastern Geitawi neighbourhood, waiting for the buses that will take them to the airport, and onwards to their new lives in Italy. Under an initiative introduced last year by the Italian government, nearly 700 Syrian refugees have been granted one-year humanitarian visas to begin their asylum process in Italy. The programme is the first of its kind in Europe: a speedy third way that both avoids the United Nations lengthy resettlement process and provides refugees with a safe alternative to crammed dinghies and perilous sea crossings.

[..] A country of just four million people, Lebanon hosts more than one million Syrian refugees. For members of Mediterranean Hope, the four-person team coordinating Italy’s resettlement efforts from Lebanon, “humanitarian corridors” are the future of resettlement. The group interviews refugees many times before recommending them to the Italian embassy, which issues humanitarian visas for a one-year stay during which they begin the asylum process for permanent resettlement. “It’s safe and legal. Safe for them, legal for us, says Mediterranean Hope officer Sara Manisera. “After people cross the Mediterranean on the journey of death, they are put into centres for months while they wait. But with this programme, there are no massive centres, it costs less, and refugees can keep their dignity,” she tells AFP.

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Beware better weather conditions.

• 3,000 Migrants Rescued Off Libya On Sunday (AFP)

Around 3,000 migrants were rescued off the coast of Libya on Sunday as they tried to cross the Mediterranean to Europe, the Italian coast guard told AFP. “After some calm days, migrants are arriving in large numbers, taking advantage of a window of favorable weather,” said a coast guard official. The rescue was undertaken in 22 separate operations coordinated by the Italian coast guard. One participant was the Aquarius, a humanitarian ship run by the NGO SOS Mediterranean and Doctors Without Borders (MSF), which said it saved 946 people, including 200 unaccompanied minors. An MSF video showed three young children smiling and dancing on the ship to the sound of drumming. The migrants rescued by the Aquarius had been found drifting on nine wooden and rubber boats. According to the Italian government, 16,206 people have been rescued in the sea by Friday — compared to 11,911 by the same time last year.

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Debt Rattle March 22 2015

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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