Jun 162019
 
 June 16, 2019  Posted by at 9:03 am Finance Tagged with: , , , , , , , , , , ,


Keith Haring Untitled 1984

 

Ai Weiwei on Hong Kong and Assange (Rep.)
ECB Will Act If Inflation Expectations Are De-Anchored: de Guindos (R.)
European Banks Sink to Dec 24, 2018 Level – First Seen in 1995 (WS)
Pentagon Keeps Trump in the Dark About its Cyber Attacks on Russia (RS)
Boris Johnson’s No-Deal Brexit Plan ‘Will Trigger Early Election’ (O.)
Hundreds Dressed In Black Rally To Demand Hong Kong Leader Steps Down (R.)
Is The Caspian A Sea Or A Lake? (ZH)
Pilots Reveal Safety Fears Over Boeing’s Fleet Of Dreamliners (O.)
Record CO2 Emissions In 2018 Driven By Surging Use Of Gas (CB)
Hundreds Of Dolphins Have Died Along Gulf Coast Since February (AP)
Namibia Forced By Drought To Auction 1,000 Wild Animals (AFP)

 

 

“Julian Assange is a political prisoner. Clearly. There is no clearer definition than that.”

Interview in Italy’s La Repubblica, translation is a bit dodgy.

Ai Weiwei on Hong Kong and Assange (Rep.)

“How could he defend himself? He will not be under a clear law environment if he is taken to the US or already now as he has been holding in Europe, UK. Julian Assange is a political prisoner. Clearly. There is no clearer definition than that. What Assange did is not more than any newspaper does or publish important information that they think the people need to know. I think that if Assange is extradited, it will have huge consequences not just to it but also to the European moral or legal system. And it would completely redefine Europe as a place not caring about human rights anymore. Unfortunately this is happening all the time. But this time it will be clearly remembered as a landmark of the failure of our times.

It’s very interesting if you look at what’s happening about extradition. There are three cases about that going on in the world: Hong Kong, Assange and Huawei case, here the daughter of the founder is jailed in Canada because the US asked her extradition. I don’t know if she is a political prisoner but for sure she is part of the US strategy to limit China’s development in the world and the possibility of becoming a global leader. I’m not saying if it is right or wrong but it is fair this kind of situation. These three cases resemble a very interesting judicial challenge. At this moment after globalization the whole political structure of the world is being restored.


Now it’s starting to be challenged at the foundation of our rules, how do you readjust those rules and how to protect individuals’ freedom from the interest of state powers. That is a new task that any establishment of rule has to be concerned with. Nobody had put this together. This is an issue now embodied by different characters but actually it is one character.

Read more …

Remember: central bankers don’t have to actually understand what they do (and they don’t), they just have to make you believe they do.

ECB Will Act If Inflation Expectations Are De-Anchored: de Guindos (R.)

Longer-term inflation expectations in the euro zone need to come unstuck for the European Central Bank to provide more stimulus, ECB Vice President Luis de Guindos was quoted on Saturday as saying. With growth slowing and inflation staying well below the ECB’s target, the bank recently raised the prospect of even more stimulus, arguing that a rate cut or even more asset purchases may become necessary. “What we need to see is a de-anchoring of inflation expectations,” de Guindos told Italian newspaper Corriere della Sera when asked what the bank needed to see to provide more stimulus. “This has not yet happened, despite the fact that there has been a drop in market-based inflation expectations.”


With interest rates already at record lows and a 2.6 trillion euro ($2.9 trillion) bond purchase scheme ended just last year, analysts argue that the ECB has very little actual firepower left as its remaining tools lack significant potency. “If there is a further deterioration, then we will react,” de Guindos added. “But for now, our monetary policy stance is fully compatible with both inflation and real activity.” But de Guindos added that monetary policy is largely powerless against the impact of global trade disputes, one of the biggest drags on growth and thus inflation. “You can certainly smooth the impact with monetary policy, but you will not be able to address and fix this kind of problems with monetary policy,” he said.

Read more …

“..the introduction of negative policy rates by the European Central Bank in mid-2014 leads to more risk-taking and less lending by euro-area banks..”

European Banks Sink to Dec 24, 2018 Level – First Seen in 1995 (WS)

European bank shares – which have been getting crushed and re-crushed for 12 years – are getting re-crushed again. On Friday, the Stoxx 600 Banks index, which covers major European banks, including our hero Deutsche Bank, dropped to an intraday low of 130.5 and closed at 131.2, thereby revisiting the dismal depth of December 24, 2018 (130.8). European banks did not soar on the first trading day after Christmas, unlike other stocks. Instead they fell further and hit their multi-year low on December 27 (129). The index is down 21.5% from a year ago and 33% from January 2018:

[..] that 33% drop from January 2018 in the above chart is a minuscule dip in the long-term collapse-scenario going back to 2007. Buy and hold, indeed. Back to the level first seen in October 1995:

Part of the problem for European banks is NIRP, which was never designed to boost the real economy or make banks healthier so that they could support a vibrant economy. It was designed to boost bond prices and thereby bring yields down, which lowers the costs of borrowing for debt-sinner countries such as Italy, and allows them to borrow for free, which even Italy s government can do with maturities of up to one year. But there is a price to pay. The ECB released a paper in August 2018 where it admits that NIRP could cause a financial crisis because it’s terrible for many banks.


This is the chilling abstract of the paper: “We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on negative rates to depositors, which increases the funding cost of high-deposit banks, and reduces their net worth, relative to low-deposit banks. As a consequence, the introduction of negative policy rates by the European Central Bank in mid-2014 leads to more risk-taking and less lending by euro-area banks with greater reliance on deposit funding. Our results suggest that negative rates are less accommodative, and could pose a risk to financial stability, if lending is done by high-deposit banks.”

Read more …

“..those new laws are protecting American interests… by keeping the sitting president out of the loop. What a (scary) time to be alive.”

Pentagon Keeps Trump in the Dark About its Cyber Attacks on Russia (RS)

On Saturday, the New York Times published an important story about how the United States military branches are attempting to thwart and combat Russian cyber attacks on American utility networks and interference in elections. But deeper into the article, an interesting and disturbing nugget has drawn attention: The Pentagon has gone out of its way to keep President Donald Trump ignorant of certain details about the operation because of “the possibility that he might countermand it or discuss it with foreign officials.” After giving an in-depth account about the “deployment of American computer code” into Russia’s electric power grid, to work as both a warning to Russian President Vladimir Putin and a more offensive posture in the cyber warfare realm, The Times then wrote:


“Two administration officials said they believed Mr. Trump had not been briefed in any detail about the steps to place ‘implants’ — software code that can be used for surveillance or attack — inside the Russian grid. “Pentagon and intelligence officials described broad hesitation to go into detail with Mr. Trump about operations against Russia for concern over his reaction — and the possibility that he might countermand it or discuss it with foreign officials, as he did in 2017 when he mentioned a sensitive operation in Syria to the Russian foreign minister.” New laws, enacted by Congress last year, allow such “clandestine military activity” in cyberspace to go ahead without the president’s approval. So, in this case, those new laws are protecting American interests… by keeping the sitting president out of the loop. What a (scary) time to be alive.

Read more …

And then they can’t leave?!

Boris Johnson’s No-Deal Brexit Plan ‘Will Trigger Early Election’ (O.)

Boris Johnson’s attempts to appease hardline Tory Brexiters will tilt the party into a “disastrous general election” that could be just months away, senior Conservatives are warning. The runaway favourite to replace Theresa May is being told that the coalition of support set to deliver him Downing Street “won’t survive the autumn”, when he will have to decide whether to accept a deal with the EU or try to force a no-deal Brexit – a move likely to precipitate an election. Senior party figures are already warning of a “wipeout” in some parts of the country, such as Scotland and London, should it go into an election pledging to deliver a no-deal Brexit.


They believe that once in office, Johnson will either be toppled by hardline Eurosceptic MPs should he back away from no deal, or provoke an election by pursuing such a policy. With leadership contenders ruling out a coronation on Saturday, Tory critics are demanding increased scrutiny of Johnson’s Brexit plans. David Gauke, the justice secretary, said: “Boris is saying that he will definitely leave the EU by 31 October, but he is refusing to say how he will do this if parliament takes steps to stop a no-deal Brexit. Will he respond by suspending parliament? Will he seek a general election? This lack of clarity is helping him maintain a broad base of support for now but it won’t survive the autumn. This is why his position on Brexit needs to be tested thoroughly now.”

Read more …

“..if Lam was a stock he would recommend shorting her with a target price of zero. “Call it the Carrie trade.”

Hundreds Dressed In Black Rally To Demand Hong Kong Leader Steps Down (R.)

Activists set up gazebos as protesters, some carrying flowers, started to gather in sweltering summer heat to march from Victoria Park to Hong Kong’s central government offices. Beijing-backed Hong Kong Chief Executive Carrie Lam on Saturday indefinitely delayed the extradition bill that could send people to mainland China to face trial, expressing “deep sorrow and regret”. The about-face was one of the most significant political turnarounds by the Hong Kong government since Britain returned the territory to China in 1997, and it threw into question Lam’s ability to continue to lead the city. Activist investor David Webb, in a newsletter on Sunday, said if Lam was a stock he would recommend shorting her with a target price of zero.


“Call it the Carrie trade. She has irrevocably lost the public’s trust,” Webb said. “Her minders in Beijing, while expressing public support for now, have clearly lined her up for the chop by distancing themselves from the proposal in recent days.” Protest organizers are hoping more than a million people turn up for the Sunday rally, scheduled to start at 2.30pm local time, similar to numbers they estimated for a demonstration against the proposed extradition bill last Sunday. Police put that count at 240,000.

Read more …

Tyler’s headline: “How Iran Was Swindled Out Of $3.2 Trillion”. But there’s more to this story. The difference between a lake and a sea is huge for the law.

Is The Caspian A Sea Or A Lake? (ZH)

At stake is the allocation of revenues from the wider Caspian basins area, including both onshore and offshore fields, that is conservatively estimated to have around 48 billion barrels of oil and 292 trillion cubic feet (Tcf) of natural gas in proved and probable reserves. Around 41 percent of total Caspian crude oil and lease condensate and 36 percent of natural gas exists in the offshore fields, with an additional 35 percent of oil and 45 percent of gas estimated to lie onshore within 100 miles of the coast, particularly in Russia’s North Caucasus region. The remaining 12 billion barrels of oil and 56 Tcf of natural gas are believed to be variously located further onshore in the large Caspian Sea basins, mostly in Azerbaijan, Kazakhstan, and Turkmenistan. The area accounts for an average of 17 percent of the total oil production of the five littoral states that share its resources, on average totalling 2.5-2.9 million barrels per day (mbpd).

[..] the legal designation of the Caspian as either a ‘sea’ or a ‘lake’ would have far-reaching repercussions on the assignment of revenues from it. If it was designated a sea then coastal countries would apply the ‘United Nations Convention on the Law of the Sea’ (1982), in which event each littoral state would receive a territorial sea up to 12 nautical miles, an exclusive economic zone up to nautical 200 miles, and a continental shelf. In practice, this would mean that countries such as Turkmenistan and Azerbaijan would have exclusive access to offshore assets that Iran would not be able to access. If it was designated a lake – and this was the informal designation before the August agreement – then the countries could use the international law concerning border lakes to set boundaries, by which each country effectively possesses 20 percent of the sea floor and surface of the Caspian.

In the preparations for the signing of the ‘Convention on the Legal Status of the Caspian Sea’ last August, Iran had engaged lawyers to challenge the established 20 percent share that each littoral state had informally agreed upon, based on the fact that Russia should have used its own original 50 percent share to make good stakes for its former USSR states. [..] Moscow was the prime mover in having the Caspian designated as a sea, not a lake. This was on the basis that because Russia had opened up the channel from the Volga River into the Caspian to prevent the levels dropping, the Caspian no longer conformed to the legal definition of a lake, which is that it is a localised water deposit standing independent of any river that serves to feed it.

[..] “This meant, effectively, that Russia could divide up the shares as it saw fit, and the way it saw fit was to benefit its existing ally, Kazakhstan, which was assigned a 28.9 percent share, and its wished-for ally, Azerbaijan, which secured a 21 percent stake, while Russia saw a slight increase, to 21 percent, while Turkmenistan’s share goes down to 17.225 percent, as it is seen as a softer touch by Russia, and Iran’s share goes down to just 11.875 percent,” said the Iran source. “This switch from 50 percent to just over 11 percent means that Iran will lose at least US$3.2 trillion in revenues from the disputed and lost value of energy products going forward,” concluded the Iran source.

Read more …

Can’t catch a break: “we would have to fly with a burning wing for up to three hours before we could safely land..”

Pilots Reveal Safety Fears Over Boeing’s Fleet Of Dreamliners (O.)

Airline pilots have voiced fears over the safety of a fleet of Boeing aircraft after a crucial fire-fighting system has been found to have the potential to malfunction. Boeing has issued an alert to airlines using its flagship B787 Dreamliner, warning that the switch used to extinguish an engine fire has failed in a “small number” of instances. The switch also severs the fuel supply and the hydraulic fluid to prevent flames spreading. UK airlines Tui, British Airways and Virgin Atlantic operate more than 60 Dreamliners between them. The US regulator, the Federal Aviation Administration (FAA), has decided not to ground the fleet, despite admitting a “risk to the flying public”.

Pilots, however, claim that the safety of passengers and crew is being compromised. “If there was an engine fire on a transatlantic flight and the aircraft had one of the defective fire switches, then we would have to fly with a burning wing for up to three hours before we could safely land,” a pilot with a British airline told the Observer. In its alert to airlines, Boeing warns that long-term heating can cause the fire switch to stick in the locked position so it can’t be used to release the two fire extinguishers in each engine.


[..] “Boeing insists that the risk of an engine fire is very low, and that’s true, but it’s Boeing’s attitude to the risk that has upset us, especially in light of recent B737 Max issues. If the fire switch malfunctions, there’s no manual override to deploy the engine fire extinguishers and therefore no way of putting out a fire, but Boeing says that it’s fine, and the airlines agree. Such is the fear of Boeing’s power that no one dares speak out.”

Read more …

More. And more.

Record CO2 Emissions In 2018 Driven By Surging Use Of Gas (CB)

Last year saw record levels of CO2 emissions, gas and oil use, and installations of renewable energy, according to new global data from oil giant BP. Gas was the largest driver of energy-use growth in 2018, responsible for more than 40% of the increase. This, along with increased use of oil and coal, led to global CO2 emissions rising by 2% in 2018, the largest year-on-year increase in seven years. Renewable energy sources were the largest source of new electricity generation worldwide for the third year in a row, driven primarily by the growth of wind and solar generation. Wind and solar grew at their second fastest rate on record, driven by growth in China, though the growth in wind and solar generation in the US, EU, and India was slower in 2018 than in 2017.

However, there is a constantly growing gap between today’s energy use and what would be needed to meet the goals of the Paris Agreement, given that emissions must, according to scientists, reach net-zero by mid-century to avoid dangerous levels of global warming. Energy use grew in 2018 at a rate of 2.9%, the largest growth since 2010. China, the US and India accounted for more than two-thirds of global energy-use growth, with US energy use expanding at the fastest rate for 30 years. Energy use increased by 390m tonnes of oil equivalent (Mtoe) in 2018. Fossil fuels were responsible for 71% of this, while near-zero-carbon energy sources, including solar, wind, hydro and nuclear, were responsible for 29%.


Natural gas represented the single largest contributor to global energy-use growth in 2018, increasing by 5.3% compared to 2017. It alone was responsible for 40% of the increase in total energy use. Non-hydro renewables grew by 14.5% in 2018. This was the largest relative growth of any energy source, though it was still below the record growth experienced in 2017. Non-hydro renewables now represent 4% of global energy use, with all zero-carbon sources representing 15% of global energy. Oil consumption grew by 1.5% in 2018, with China and the US contributing around 85% of the growth in oil use. This growth was primarily concentrated in the transportation sector, reflecting increased vehicle ownership and miles driven.

Read more …

Oil.

Hundreds Of Dolphins Have Died Along Gulf Coast Since February (AP)

At least 279 dolphins have become stranded across much of the US Gulf Coast since the start of February, triple the usual number, and about 98% of them have died, scientists from the National Oceanic and Atmospheric Administration (Noaa) said. Scientists will investigate whether lingering effects from the 2010 BP oil spill and more immediate effects from low salinity because of freshwater flowing from high rivers and a Louisiana spillway contributed to the deaths, said Teri Rowles, coordinator for Noaa fisheries’ marine mammal health and stranding response program. BP spill effects included problems with lungs and adrenal glands, which produce stress-related hormones; blood abnormalities; and general poor condition, according to earlier reports.

Those reports said the spill contributed to the Gulf of Mexico’s largest and longest dolphin die-off. “We do know some of the health conditions … are improving, but some have been slow to improve,” Rowles said on Friday. “Reproduction in the heaviest-oiled areas continues below normal.” Erin Fougeres, administrator for the marine mammal stranding program in Noaa fisheries’ south-east region, said 23% of the dolphins stranded from Louisiana to the Florida Panhandle had sores consistent with freshwater exposure. Such lesions are “not uncommon” in the spring, according to Noaa’s website. Mississippi had 121 dolphin strandings as of Wednesday, with 89 in Louisiana, 32 in Alabama and 37 in Florida, Fougeres said.


Moby Solangi, director of the Institute of Marine Mammal Studies in Gulfport, Mississippi, put that state’s total on Thursday at 126, and said the opening of the Bonnet Carré spillway was at least partly to blame.The effects were worse for Mississippi’s dolphins than the BP spill was, he said, noting that 91 dead dolphins were found in Mississippi during all of 2010. Dolphins continued to die for years because of oil spill damage, a 2015 study reported. Freshwater exposure “doesn’t appear to be the cause of death for all animals, so that’s something we’re continuing to investigate”, Fougeres said. Rowles noted that 70% of the carcasses were too decomposed for necropsy.

Read more …

There must be better ways.

Namibia Forced By Drought To Auction 1,000 Wild Animals (AFP)

Drought-hit Namibia has authorised the sale of at least 1,000 wild animals – including elephants and giraffes – to limit loss of life and generate US$1.1 million for conservation, the authorities confirmed Saturday. “Given that this year is a drought year, the [environment] ministry would like to sell various type of game species from various protected areas to protect grazing and at the same time to also generate much needed funding for parks and wildlife management,” the environment ministry spokesman Romeo Muyunda said. The authorities declared a national disaster last month, and the meteorological services in the southern African nation estimate that some parts of the country faced the deadliest drought in as many as 90 years.

“The grazing condition in most of our parks is extremely poor and if we do not reduce the number of animals, this will lead to loss of an animals due to starvation,” Muyunda said. In April, an agriculture ministry report said 63,700 animals died in 2018 because of deteriorating grazing conditions brought on by dry weather. Namibia’s cabinet announced this week that the government would sell about 1,000 wild animals. They include 600 disease-free buffalos, 150 springbok, 65 oryx, 60 giraffes, 35 eland, 28 elephants, 20 impala and 16 kudus – all from national parks. The aim is to raise $1.1 m that will go towards a state-owned Game Products Trust Fund for wildlife conservation and parks management.


The government said there were currently about 960 buffalos in its national parks, 2,000 springbok, 780 oryx and 6,400 elephants. The auction was advertised in local newspapers from Friday. Namibia, a country of 2.4 million people, has previously made calls for aid to assist in the drought emergency that has already affected over 500,000 people.

Read more …

 

 

 

 

 

Home Forums Debt Rattle June 16 2019

This topic contains 6 replies, has 4 voices, and was last updated by  Raúl Ilargi Meijer 4 weeks ago.

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  • #47979

    Keith Haring Untitled 1984   • Ai Weiwei on Hong Kong and Assange (Rep.) • ECB Will Act If Inflation Expectations Are De-Anchored: de Guindos (R.
    [See the full post at: Debt Rattle June 16 2019]

    #47980

    V. Arnold
    Participant

    Keith Haring Untitled 1984

    Untitled? I should think 1984 would suffice, no?
    The imagery certainly evokes such…

    #47982

    Dr. D
    Participant

    “It would completely redefine Europe as a place not caring about human rights”

    Hold on, when was the last time Europe cared about human rights? Certainly not since the Iraq War. I. When they applauded Clinton chopping up and bombing Serbia, handing it to him for a base where he sat on top of a pipeline and the major drug trade? –Coincidentally, of course. When Franco was around? When the tanks rolled into Czechoslovakia or Hungary? When Ireland was occupied and bombed for 20 (120) years?

    “ ECB Will Act If Inflation Expectations Are De-Anchored: de Guindos (R.)”

    They don’t care what you think because you don’t have enough money to turn the dial. They only care what billionaires and possibly 2-digit millionaires think because their actions matter. I mean, if that weren’t already obvious.

    “global trade disputes, one of the biggest drags on growth”

    Hmmm. Nice framing. But probably 1/30th of the effect of overwhelming debt which is exponentially compounding. So…we had suck growth in 1999 because of disputes? How about ‘08? Trade Wars? No? How about 1929? Oh wait, that was AFTER the growth had already collapsed. Does anyone read their own text before hitting “send” anymore? You’re fired. No wonder you work for the non-news source “Reuters.”

    “Make banks healthier so that they could support a vibrant economy.”

    Speaking of non-news from non-sources, BANKS don’t make economies, dummy. Production does. We have this thing you can use called “cash”, and it’s a thing that can finance your business without a 1,000 pound weight hanging over you. But since we don’t produce, AND we don’t have or use cash – you know, profits? — I can understand how you’ve never heard of producing wealth and storing it for sale and trade. How gauche. How primitive. For neanderthals and rednecks, clearly.

    Banks are the ENEMY of the economy. Ask Greece.

    “.those new laws are protecting American interests… by keeping the sitting president out of the loop.”

    The President hasn’t been in the loop since Eisenhower. And that was only because he said he’d show up at their door with Patton’s 3rd Army if they didn’t let him on the base. True story. Well after Eisenhower came Kennedy, and we see how the Dulles brothers locked him out in an brazen attempt to start WWIII in Cuba among other places, and it was only his genius to get outside lines that revealed to him how much the “military-industrial-congressional” (Eisenhower’s words) had erased the people and civilian government and ended democracy. This is the origin of the phrase, “break them up and scatter them to the winds.”

    Well we all know THAT story, and that was 60 years ago. So you really think the MIC lets the President and Congress a) MORE in the loop or B) LESS in the loop? Bonus question: where did that $20 Trillion verified missing money from Federal (non-military) budgets go? They have a lot of paper clips hiding somewhere? Or maybe into the military black funds of DUMB space war?

    …And people wonder why Trump ignores Brennan’s CIA and Mueller’s FBI briefings and listens to the Military Intelligence that put him office. (who is also lying to him but in a different way) Why waste his time? Everything they’ve said since 1958 has been a lie. Right NYT? Right Rachael Maddow? You know, with the official leaks you keep reporting for years about incubator babies and WMDs and then (never) retract?

    He’s more likely to get the truth from Putin himself, and that’s saying something. So let me ask you: in this situation, how do you right the ship? How do you get it working again, honest and truthful? Yeah, I thought so.

    Btw, don’t be stupid: Russia certainly has those same tools already embedded here. It would be irresponsible not to. That’s just spywork. So maybe we should ask instead, “why are they never used?”

    “Is The Caspian A Sea Or A Lake? (ZH)”

    Hilarious. Like all laws, it’s defined according to whoever has the guns. There is no law. I’d say “between nations” but clearly there is now no more law within nations either, not here, not in Britain, Sweden, or Iran either. Men love corruption more than life itself.

    “Record CO2 Emissions In 2018 Driven By Surging Use Of Gas (CB)”

    Speaking of articles being a dog’s breakfast. So CO2 increases because energy use increased? Why blame gas? And renewables increased? Why bother reporting it? It’s hardly a rounding error despite now bankrupting Germany, exactly as anyone with a pencil could predict. The Paris Accord? You mean the one that allowed the two largest, worst nations to pollute at will while crushing cleaner nations with restraint? The Accord nobody was following at all anyway? Gosh, made a lot of difference when it was halted then. Not. And so we’re not going to reach the Zero line no one thought we would ever reach anyway? And? And this article leads us where? I thought y’all wanted gas, as that was the cleanest energy out there, not coal and not nuclear. Can’t please some people.

    Take care of your own house because these guys aren’t going to save you. If you haven’t noticed over every day of your human life, they only ever make things worse.

    #47983

    V. Arnold
    Participant

    Take care of your own house because these guys aren’t going to save you. If you haven’t noticed over every day of your human life, they only ever make things worse.

    When has it ever been different?

    #47984

    zerosum
    Participant

    ” …. keeping the sitting president out of the loop…..”
    WHAT!
    IS THAT ALL?

    What about those RICH POWERFUL PEOPLE!!!
    What about those EXPERT TALKING HEAD ON TV!!!

    You cannot drain a swamp when you don’t know where it is.
    You cannot drain a swamp when you don’t have a place to put it.
    You cannot drain a swamp when you don’t have the right tools.

    Me ….. I don’t even have a spoon.

    #47985

    zerosum
    Participant

    You cannot drain a swamp when you don’t have the right tools.
    Me ….. I don’t even have a spoon..

    https://www.zerohedge.com/news/2019-06-16/hong-kong-rocked-biggest-march-yet-after-extradition-bill-pulled-millions-demand

    Two Million Protesters Flood Hong Kong Streets

    #47993

    that’s two million spoons zero

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