Sep 152020
 September 15, 2020  Posted by at 9:37 am Finance Tagged with: , , , , , , , , , ,

Otto Dix The Triumph of Death 1934


Scientists Discover Antibody That ‘Neutralizes’ Coronavirus (Fox)
Research From 23andMe Strengthens Link Between Blood Types And COVID19 (STAT)
Vitamin D Supplements ‘Could Keep COVID19 Patients Out Of Intensive Care’ (DM)
Cuba Punches Above Weight With ‘White Coat Army’ During Pandemic (R.)
Convergence of Quandaries (Jim Kunstler)
Stop The Coup! (TAM)
Poll Claims Debunked Atlantic Story Changed Voters’ Minds About Trump (BPR)
Trump Connects The Generals And The Military-Industrial Complex (AC)
Inequality Robs $2.5 Trillion From U.S. Workers Each Year
Bezos Doubles Wealth as Amazon Essential Product Prices Rise 1000% (MPN)
Time Is Ripe For China To Free Up Controls On Yuan’s Convertibility (SCMP)
Merkel Calls For EU Support For Greece Over Moria (K.)
Germany Plans To Take In 1,500 Refugees From Greek Islands (R.)
Australia Politics, Media Silent On Sadistic British Assange Show-Trial (WSWS)













How do we turn this into the biggest possible profit?

Scientists Discover Antibody That ‘Neutralizes’ Coronavirus (Fox)

Scientists at the University of Pittsburgh School of Medicine have isolated “the smallest biological molecule” that “completely and specifically neutralizes” SARS-CoV-2, the virus that causes the novel coronavirus. The antibody component is 10 times smaller than a full-sized antibody, and has been used to create the drug Ab8, shared in the report published by the researchers in the journal Cell on Monday. The drug is seen as a potential preventative against SARS-CoV-2. According to the report, the drug has been “highly effective in preventing and treating” the SARS-CoV-2 infections in mice and hamsters during tests. The drug also reportedly does not bind to human cells, which suggests it will not have negative side-effects in people.

“Ab8 not only has potential as therapy for COVID-19, but it also could be used to keep people from getting SARS-CoV-2 infections,” said co-author John Mellors, chief of the Division of Infectious Diseases at Pitt and UPMC. “Antibodies of larger size have worked against other infectious diseases and have been well tolerated, giving us hope that it could be an effective treatment for patients with COVID-19 and for protection of those who have never had the infection and are not immune.” [..] According to the report, the team at University of Texas Medical Branch Center for Biodefense and Emerging Diseases and Galveston National Laboratory tested Ab8 and found it blocked the virus from entering cells. In mice trials, those treated with Ab8 had 10-fold less of the amount of infectious virus compared to those that were untreated.

Read more …

“A little more than 11% of the people in 23andMe’s studies said they were Latino; less than 3% said they were Black.”

Research From 23andMe Strengthens Link Between Blood Types And COVID19 (STAT)

A forthcoming study from genetic testing giant 23andMe shows that a person’s genetic code could be connected to how likely they are to catch Covid-19 — and how severely they could experience the disease if they catch it. It’s an important confirmation of earlier work on the subject. People whose blood group is O seemed to test positive for Covid-19 less often than expected when compared to people with any other blood group, according to 23andMe’s data; people who tested positive and had a specific variant of another gene also seemed to be more likely to have serious respiratory symptoms. The study, which was released on a preprint server and which has not yet been peer-reviewed, could extend and confirm earlier work on the subject; 23andMe’s study relied on a larger dataset than earlier work and included a more diverse set of participants, the company said.

Experts who aren’t affiliated with 23andMe praised the study design and the work. “They clarify further what our data could only vaguely hint at,” said Tom Hemming Karlsen, a physician at Oslo University Hospital who published an article in the New England Journal of Medicine on genetic links with Covid-19 severity in June, and who was not associated with 23andMe’s work. But the outside experts also cautioned that the research won’t change treatment decisions. “It doesn’t have practical implications. There’s no treatment decisions that will be made from it — it’s just an interesting finding,” said Jennifer Lighter, a pediatrician and epidemiologist at NYU Langone who was not involved in the research. Unlike the study Karlsen and his colleagues ran, which only included people with severe Covid-19 symptoms, 23andMe included people who had both mild and severe cases — which allowed them to draw stronger conclusions, Karlsen said.

The company’s study participants are also more diverse than Karlsen’s, which only studied people in Spain and Italy. However, the 23andMe study’s demographics still don’t fully reflect the population of the United States. A little more than 11% of the people in 23andMe’s studies said they were Latino; less than 3% said they were Black. (Latinos represent about 16% of the U.S. population, while Black people account for about 13% of the population.) Both Karlsen and 23andMe’s team found that the genes that code for a person’s blood type seemed to be linked to whether a person would test positive for Covid-19; another section of chromosome 3 — referred to in both papers as chr3p21.31 — seemed to be linked to how severe a person’s response would be to a Covid-19 infection.

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Disregard the dissing of HCQ. Just take your Vit. D.

Vitamin D Supplements ‘Could Keep COVID19 Patients Out Of Intensive Care’ (DM)

Treating coronavirus patients with high doses of vitamin D supplements could help keep them out of intensive care, a study has suggested. Researchers gave high doses of calcifediol – a type of vitamin D supplement – to 50 patients hospitalised with Covid-19 in Spain. They were given 100 micrograms of the supplement over the course of a week, with 55mcg on the first day and then two booster doses of 27mcg on days three and seven. The dose was higher than the 70mcg weekly limit recommended by the NHS. Scientists compared the participants’ health with 26 volunteers in a control group who were not given the tablets, which are normally prescribed to patients with thyroid or kidney problems.

Just one patient given calcifediol fell ill enough to be admitted to intensive care, whereas half of the participants in the control group were taken to ICU and two died. There were no deaths among volunteers receiving the vitamin and all 50 patients were eventually discharged by the end of the study. Experts now believe Covid-19 causes a catastrophic build-up of a chemical called bradykinin, which makes blood vessels leaky and drives up the risk of inflammation. Calcifediol is one of the few hormones which regulates the bradykinin and it can also prevent the immune system from going into overdrive. Researchers have been divided over whether a vitamin D deficiency, which is vital to the immune system, can raise the risk of dying of Covid-19.

Some scientists suggested that it may be one of the reasons black people face a higher risk of dying from the illness, because they do not produce as much of the vitamin naturally. Taking too much vitamin D can cause bone and organ damage over time, however, and scientists discouraged people from trying to self-medicate. For the study, researchers from the University of Cordoba in Spain and research university KU Leuven in Belgium monitored 76 hospital patients with Covid-19. Fifty of the patients were randomly assigned to have calcifediol tablets, along with normal care. Twenty-six volunteers were put in a control group who only received standard care, to compare the treatment to. Because the study was conducted several months ago, the standard care for coronavirus in Spain was hydroxychloroquine and azithromycin. These two drugs have since been proven ineffective at treating the virus.

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I think maybe this is exactly Cuba’s weight.

Cuba Punches Above Weight With ‘White Coat Army’ During Pandemic (R.)

At the start of Togo’s coronavirus outbreak, the small West African nation welcomed a team of 12 Cuban healthcare workers to tend to sufferers of the virus, boost its laboratory testing and help improve its hospital protocols. While the virus was overwhelming healthcare systems worldwide, the Communist-run Caribbean island boasted a rare resource: a surplus of doctors trained in deploying abroad and battling infectious disease. And it was willing to dispatch them all over the globe to nations requesting help. “As scientific and medical circles groped in the dark, Cuban medicine, strong from past experiences, brought appropriate answers,” said the head of cooperation at Togo’s foreign ministry, Charles Azilan.

Nearly 40 countries across five continents have received Cuban medics during the pandemic, as the island nation – home to just over 11 million inhabitants – has once more punched far above its weight in medical diplomacy. Since its 1959 leftist revolution, Cuba has dispatched its “army of white coats” to disaster sites and disease outbreaks around the world in the name of solidarity. In the last decade, they have fought cholera in Haiti and Ebola in West Africa. Not that its brigades are purely altruistic. Cuba has exported doctors on more routine missions in exchange for cash or goods in recent decades, making them its top source of hard currency. While some countries have received the medics for free during the pandemic, others are paying: a slight boon to Cuba’s economy struggling with the coronavirus-induced collapse in tourism.

[..] With financial aid from its former ally the Soviet Union, Cuba built up a healthcare system that was the envy of the developing world under the leadership of the late Fidel Castro. Some of those advances have been lost since the communist bloc collapsed. Many hospitals are run down, medicines are in short supply and Cubans complain about a decline in the quality of medical training. Still, Cuba has one of the highest ratios of physicians per capita in the world and even before pandemic struck, had some 28,000 medics deployed globally. It has since dispatched a further 4,000.

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“The country is now out of its mind… echoes of France, 1793… a rhyme, not a reprise.”

Convergence of Quandaries (Jim Kunstler)

The orgy of political hysteria, insane thinking, and violence is a psychotic reaction to the collapsing techno-industrial economy — a feature of it, actually. When all familiar social and economic arrangements are threatened, people go nuts. Interestingly, the craziness actually started in the colleges and universities where ideas (the products of thinking) are supposed to be the stock-in-trade. The more pressing the practical matters of daily life became, the less intellectuals wanted to face them. So, they desperately generated a force-field of crazy counter-ideas to repel the threat, a curriculum of wishful thinking, childish utopian nostrums, and exercises in boundary-smashing. As all this moved out of the campuses (the graduation function), it infected every other corner of American endeavor, institutions, business, news media, sports, Hollywood, etc. The country is now out of its mind… echoes of France, 1793… a rhyme, not a reprise.

The US economy began a slow and insidious collapse because its petroleum energy base became unaffordable. The reality of that was obscured by paradoxical appearances: the shale oil miracle goosed up US oil production from under five million barrels-a-day in 2007 to thirteen million barrels-a-day in 2019. Pretty awesome. Seemed like we were awash in oil. The problem was the companies producing shale oil couldn’t make money at it, and the loans that went into staging the shale oil “miracle” went bad… and then the companies couldn’t get new loans… and went bankrupt. So, the crash of US oil production is a self-reinforcing feedback loop that is sure to continue and will make things worse. Now, less than a year after reaching that majestic 13 million barrels-a-day, production has fallen to around 10 million a day — quite an impressive drop.

Further obscuring the actual dynamic in play, gasoline prices at the pump are quite low — under $2.50-a-gallon where I live, compared with $4-plus a couple of years ago — and most citizens consider the price of gasoline their sole index of how things are going in the oil industry. The Covid-19 pandemic has aggravated and accelerated the damage from that by shutting down much of small business across America since March. The businesses and people who owned them have suffered terribly. That and the public lockdowns have greatly depressed the demand for oil products, driving the price-per-barrel down and reducing the cash flow of the oil companies. That also aggravated worsening relations with our principal trading partner, China, the net effect of which threatens the supply chain for all sorts of critical parts and products needed to keep our complex systems running.

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“Oh, but one more thing: America needs to understand that while it might very well look like Trump won on election night, due to our new rules votes will be counted for weeks afterward and then our candidate will probably win.”

Stop The Coup! (TAM)

Michael Anton’s new article “The Coming Coup?” went viral almost as soon as we posted it a week ago today. This is not simply because figures like Lara Logan, Mollie Hemingway, Newt Gingrich, Dan Bongino, and the editors of the New York Post took note. It spread because concerned citizens began sharing it throughout the nation. We could tell it was especially effective because so many in the mainstream media maintained studious radio silence. But hyperventilating ruling-class supporters of the Biden/BLM/Antifa coalition did predictably lash out. The epitome of these reactions is an article in New York magazine’s Intelligencer, by political columnist Ed Kilgore, entitled “Trump Backers Make Case for Stealing Election, Before Biden Gets the Chance.”

The title itself reveals the stubborn simplicity of the Democratic Party’s coup narrative. Their elites have worked themselves and their base into a frothing lather of existential fright. In article after article, liberal intellectuals and activists have been talking for months about how Trump could steal the election or refuse to leave the White House even if he loses. But if the Right dares to point out that Democrats are actually changing the rules of the electoral process and actually speaking publicly about refusing to concede even if they lose, well, this only proves that the Right is going to steal the election and refuse to concede if they lose! In reality, of course, Anton and others are simply trying to shine a light on what Democrats are now openly declaring in public.

Kilgore frames Anton’s essay as part of an effort among conservatives to spread the craaaazy idea that Democrats’ obsessive focus on mail-in voting is part of a panicky effort to throw the election, not a good-faith scheme to protect people from coronavirus. Let’s leave aside the fact that no less an establishment authority than the Atlantic admits the voting booth is as safe as the grocery store. In fact, says Kilgore, echoing the new establishment narrative, so many legitimate Biden votes may come flooding in by mail after the in-person voting is through that the election will turn around all on its own. Every major media outlet is now full of supposed expert authorities – even Mark Zuckerberg recently got into the act – telling the American people that the rule changes Democrat apparatchiks are pushing throughout the nation are totally normal.

But as elections expert Hans Von Spakovsky pointed out in these pages, “what is clear from all of these lawsuits is that the Democrats and these organizations are trying to change the rules governing the administration of the November election” midstream while Republicans are trying to “preserve the status quo.” (If you want to understand what the Democrats are up to, give Spakovsky’s “Democrats Versus the Vote” a close read.) Kilgore likes to present himself as a reasonable man. But how are voters supposed to respond when the message from the Democrat Party is “our lawsuits to change the way we’ve always voted in the middle of a tumultuous election season are not part of a partisan cheat. Oh, but one more thing: America needs to understand that while it might very well look like Trump won on election night, due to our new rules votes will be counted for weeks afterward and then our candidate will probably win.”

Read more …

Can the media keep itself from making Biden look like he’s winning? Wouldn’t that make people less likely to vote?

Poll Claims Debunked Atlantic Story Changed Voters’ Minds About Trump (BPR)

A new poll from Left-wing Yahoo News and YouGov says that a discredited story by The Atlantic earlier this month claiming that President Donald Trump disparaged American war dead and “misled” about COVID-19 has changed peoples’ minds about supporting him in November. Now, allegedly because of the “bombshell” revelations in the story, some voters have shifted their support to Trump’s Democratic rival, Joe Biden. “Donald Trump has fallen further behind Joe Biden following bombshell reports that the president knowingly misled Americans about the dangers of COVID-19 and privately disparaged dead U.S. soldiers as ‘suckers’ and ‘losers,’ according to a new Yahoo News/YouGov poll,” Yahoo News reported Friday. Subsequent reporting indicates that neither of those claims are true.

Several current and former White House officials who were with the president during a 2018 visit to France — when the reported disparaging of American World War I dead was alleged to have happened — disputed Atlantic editor Jeffrey Goldberg’s story. Included on that list is former National Security Adviser John Bolton, who is no fan of the president. As to the claims about coronavirus, while President Trump reportedly told Washington Post correspondent and author Bob Woodward he tried to downplay the severity of COVID-19 so as not to cause panic, he nevertheless warned Americans early on the disease was serious and took several measures — including shutting off most travel to and from China, where the virus originated — very early on.

That said, according to Yahoo News, support for Trump has allegedly tanked: “The survey, which was conducted from Sept. 9 to 11, shows Biden leading Trump by 10 percentage points among registered voters, 49 percent to 39 percent. The previous Yahoo News/YouGov poll found Biden ahead by just 6 points immediately after the Republican National Convention. The results suggest that a week of unrelenting and unflattering revelations about Trump — from the Atlantic report on his alleged contempt for Americans wounded or killed in war (which appeared on Sept. 3) to Bob Woodward’s recordings of Trump admitting he downplayed the deadliness of COVID-19 (released on Sept. 9) — has damaged the president’s standing with voters.”

The survey itself is suspect. For one, it polled “registered voters,” which are less accurate than “likely voters” and tend to skew towards Democrats, according to FiveThirtyEight. In fact, the Yahoo News/YouGov poll skewed heavily towards Democrats. On the issue of favorable views towards Biden and Trump, pollsters oversampled Democrats to Republicans, 366 to 220, respectively. The poll’s claims about which candidate has more respect for the military seems suspect as well. “Asked which candidate shows more respect for the military, 50 percent of registered voters name Biden, compared to 39 percent for Trump. By the same margin, voters say Biden would do a better job leading the military than the current commander in chief,” Yahoo News reported.

Biden runs for reelection

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Smedley Butler.

Trump Connects The Generals And The Military-Industrial Complex (AC)

Once again, the whispers of phantoms masquerading as administration officials have attempted to put Donald Trump on the defensive only two months before the fall election. And in typical fashion, the roused president has gone on an immediate rhetorical offensive. Trump has doubled down on his affirmations towards the U.S. military and the American soldier, while simultaneously confronting the class of generals who command them. “I’m not saying the military’s in love with me—the soldiers are,” Trump said at a Labor Day press conference. “The top people in the Pentagon probably aren’t because they want to do nothing but fight wars so that all of those wonderful companies that make the bombs and make the planes and make everything else stay happy.”

This is a dramatic shift in perspective from the man who spent the first two years of his presidency surrounding himself with top brass like Michael Flynn, John Kelly, H.R. McMaster, and James Mattis (along with almost being beguiled into nominating David Petraeus as Secretary of State). Perhaps Trump learned the hard way that the generals of the forever wars don’t measure up to the twentieth-century soldiers he adulated growing up. For instance, when George Marshall oversaw the deployment of 8.3 million GIs across four continents in World War II, he did so with the assistance of only three other four-star generals. In retirement, Marshall refused to sit on any corporate boards, and passed on multiple lucrative book deals, lest he give the impression that he was profiting from his military record. As he told one publisher, “he had not spent his life serving the government in order to sell his life story to the Saturday Evening Post.”

[..] General James “Mad Dog” Mattis, in between his forced retirement from the Marine Corps and appointment as Secretary of Defense, joined the board of General Dynamics where he was paid over a million dollars in salary and benefits. Returning to public life, Mattis then spent two years cajoling President Trump into keeping the U.S. military engaged in places as disparate as Afghanistan, Syria, and Africa. “Sir, we’re doing it to prevent a bomb from going off in Times Square,” Mattis told his commander-in-chief. Left unsaid was that a strategic withdrawal would also lead to a precipitous decline in Mattis’ future stock options, which he regained after he rejoined General Dynamics following his December 2018 resignation.

That resignation might have been premature, however. It was only a matter of weeks before Trump’s announced withdrawal from Syria, the impetus for Mattis’ departure, was reversed. Hundreds of U.S. soldiers continue to illegally occupy the north-east of the country. That’s in addition to the thousands of Americans still kicking dust in Iraq and Afghanistan, contrary to the president’s “America First” pledge. And Trump is as guilty as any of his subordinates when it comes to coddling the military-industrial complex, gushing over billion dollar arms deals and their manufactured jobs numbers. It remains to be seen whether his latest announcement of a partial withdrawal from Iraq by the end of the month will turn out as phony as the others.

Trump’s language more closely resembles that of Major General Smedley Butler, who at the time of his death was the most decorated marine in U.S. history. “The professional soldiers and sailors don’t want to disarm. No admiral wants to be without a ship. No general wants to be without a command. Both mean men without jobs. They are not for disarmament. They cannot be for limitations of arms,” Butler wrote in his 1935 book War is a Racket. To eliminate this corrupting influence, Butler advocated an egalitarian price control to prevent the arms industry—and their pet generals—from profiting off the blood of American boys. “Let the officers and the directors and the high-powered executives of our armament factories and our steel companies and our munitions makers and our shipbuilders and our airplane builders and the manufacturers of all the other things that provide profit in war time as well as the bankers and the speculators, be conscripted—to get $30 a month, the same wage as the lads in the trenches get.”

How do you spin war?

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A study on inequality from the RAND Corporation. No irony at all.

Inequality Robs $2.5 Trillion From U.S. Workers Each Year

Every few months, some group of socially conscious number crunchers will remind Americans that a tiny elite is binge-eating the nation’s economic pie while the rest of us plebeians fight over table scraps. Journalists will then aggregate eye-popping statistics and edifying charts, progressives will share these over social media, adorned with red-faced (and/or guillotine) emoji — and the moral arc of history will carry on bending toward neofeudalism. So, in the present moment of booming stock markets and child hunger, you might be feeling too inured to America’s grotesque levels of inequality to summon much interest in yet another report testifying to the one percent’s total victory in the 50 Years Class War.

But a new study from the Rand Corporation, in partnership with the Fair Work Center, illustrates the impact of a half-century of upward redistribution in bracingly concrete terms: If income had been distributed as evenly over the past five decades as it was in 1975, the median full-time worker in the U.S. would enjoy annual earnings of roughly $92,000 a year. As is, that worker makes just $50,000. It’s no secret that wage and productivity growth began decoupling in the 1970s. Charts like this one from the Economic Policy Institute have been ubiquitous in progressive economic policy debates since the Great Recession:

But RAND’s innovative methodology — which involved constructing a new metric for inequality that compares income growth to GDP, and then using that metric to gauge changes in the income distribution across every U.S. business cycle since 1975 — allowed it to translate the abstractions of macro-level income shares into something much more tangible. Between the mid-1970s and 2018, per capita GDP growth in the U.S. increased by 118 percent. Had income growth on every rung of America’s class ladder kept pace with those gains, annual earnings at the bottom would be nearly twice as high as they are now. Meanwhile, the bottom 90 percent of U.S. earners would collectively take home $2.5 trillion more in income each year.

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“there is no place for price gouging on Amazon..”

Bezos Doubles Wealth as Amazon Essential Product Prices Rise 1000% (MPN)

A new report from advocacy group Public Citizen details how retail giant Amazon “misled the public, law enforcement, and policymakers about price increases during the pandemic,” raising their prices on essential products “to levels that would be considered violations of price gouging laws in many states.” The prices of many products in high demand during the pandemic jumped by over 1,000 percent when compared to this time last year. As accusations of price gouging began, Amazon blamed “bad actors,” declaring in an official statement that, “there is no place for price gouging on Amazon,” committing itself to “working vigorously” to ensure fair pricing, and “collaborating with federal, state, and local law enforcement agencies” to “hold price gougers accountable” and to protect the interests of their customers. Yet Public Citizen’s report found that “Amazon is engaged in price gouging on products it sells directly” itself, through its Amazon Essentials line. Disposable face masks and corn starch were the most inflated prices, jumping elevenfold from earlier in the year.

Below is a list of ten Amazon Essential products tracked, including the percentage the items increased in cost. Similar price rises were tracked among third party sellers on the platform as well.
Disposable face masks — 1,000%
Hand sanitizer — 48%
Disinfectant spray — 87%
Antibacterial soap — 470%
Disposable nitrile gloves — 336%
Toilet paper — 528%
Paper towels — 303%
Flour — 425%
Sugar — 520%
Corn starch — 1,010%

While there is no federal law protecting the public from the practice, price gouging is illegal in 35 states, with some states deeming that increasing prices by just 10 percent constitutes breaking the law. Thanks in no small part to increased profits from sales, Amazon founder and CEO Jeff Bezos has seen his wealth almost double during the pandemic, from $113 billion in March to $206 billion today, according to the Institute for Policy Studies, who calculated that America’s billionaire class of 467 plutocrats have seen their wealth spike by nearly a trillion dollars since lockdown began on March 18. Much of this has been down to an enormous tax break for the ultra-wealthy that the Trump administration snuck into its first coronavirus relief bill. Bezos, who retook the title of the world’s richest individual from Microsoft co-founder Bill Gates late last year, has said that he is so rich that he can only imagine spending his wealth by plowing it into space travel.

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I don’t believe it for a second.

Time Is Ripe For China To Free Up Controls On Yuan’s Convertibility (SCMP)

For the last five years, China’s central bank has been fighting to defend two key numbers: seven and three. Seven refers to the exchange rate between yuan and the US dollar – if the yuan weakens too much beyond seven to the US dollar, it would be regarded as a dangerous sign. Three refers to the level of China’s stockpile of foreign exchange reserves – if reserves dip below US$3 trillion, it would be seen as a sign of weakness. The context for the unannounced campaign to defend the two key figures is a deep concern over the rapid capital exodus that occurred after the sudden change in perceptions about China’s financial health and economic robustness following a devastating stock market rout in the summer of 2015, and Beijing’s subsequent clumsy steps to devalue the yuan by nearly 2 per cent.

As a result, Beijing changed its approach to outbound capital flows overnight – from a stance of tolerance and encouragement, to a ruthless crackdown. The restrictions on the ability of ordinary Chinese people to access foreign exchanges increased significantly, even though, on the surface, China maintains a policy that every citizen is entitled to buy up to US$50,000 worth of foreign currencies every year. With a lopsided foreign exchange policy of encouraging inflows and discouraging outflows, China has achieved its goal of avoiding a large yuan depreciation or an exodus of funds. But after five years of this defensive posture, there are signs that the tide could turn again. The dangers of capital outflow have eased as the Chinese economy has recovered rapidly from the impact of the coronavirus pandemic.

As many parts of the world are still struggling to rebound, China has become a favoured destination for both portfolio and long-term investment despite tensions with the United States. With the US Federal Reserve’s aggressive monetary easing policy leading to a weaker US dollar, the yuan has become a safe bet for value. The time is ripe for Beijing to free up controls on the yuan’s convertibility with other currencies.The Chinese government can never realise its ambition of making the yuan a global currency, or even a potential rival to the US dollar, if it maintains rigid control on its use. With the US threatening China with financial sanctions, Beijing has recognised that it needs to reduce reliance on the US dollar, and the best way to do that is to free up the yuan.

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Don’t call for it, do it.

Merkel Calls For EU Support For Greece Over Moria (K.)

German Chancellor Angela Merkel said on Monday support for Greece on migration in light of the destruction of the country’s largest migrant camp should be pan-European. “Greece has shouldered a lot of responsibility,” she said on Monday, adding that Athens has earned support. “We will make a substantive contribution,” she added, noting more migrants will be transferred to Germany. Bild newspaper reported on Monday that Berlin is considering taking in thousands of refugees from Moria as a one-off gesture and hopes the camp can be rebuilt and run by the European Union.

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Good, now the rest. It does give one the idea that setting the place on fire paid off.

Germany Plans To Take In 1,500 Refugees From Greek Islands (R.)

German Chancellor Angela Merkel and Interior Minister Horst Seehofer are planning to take in around 1,500 refugees from the Greek islands, German news agency dpa reported on Tuesday. Dpa cited politicians focussed on domestic policy as saying that these would be families with children. More than 12,000 people, mostly refugees from Afghanistan, Africa and Syria, were left without shelter, proper sanitation or access to food and water after a fire tore through the overcrowded Moria migrant camp on the Greek island of Lesvos last Wednesday.

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“..the WikiLeaks publisher is largely being treated as a “non-person” by the Australian political and media establishment..”

Australia Politics, Media Silent On Sadistic British Assange Show-Trial (WSWS)

From the editorial pages of the official media and the statements of leading politicians, the uninformed observer would have no idea that a world-famous Australian journalist is enduring extradition hearings that have been condemned as a legal travesty by rights’ organisations and United Nations representatives, or that he faces 175-years imprisonment for publishing evidence of war crimes. Because it is Britain that is staging the current show-trial of Julian Assange, and the US government that is seeking his destruction, the WikiLeaks publisher is largely being treated as a “non-person” by the Australian political and media establishment. Moreover, they, no less than their counterparts internationally, are committed to an agenda of militarism and escalating attacks on democratic rights, of which the persecution of Assange is a central component.

A week since British hearings for Assange’s extradition to the US resumed, his name does not appear to have passed the lips of a minister in the federal Liberal-National government or a prominent representative of the Labor Party opposition, publicly, at least. And nor does it seem that they have been asked by any members of the “fourth estate” about their silence. Not a single editorial in the establishment media has called for Assange to be defended. This includes outlets such as the Age and the Sydney Morning Herald, and the state-funded Australian Broadcasting Corporation, which regularly proclaim their commitment to “press freedom.” The disinterest is not because the British proceedings have been uneventful, or the attacks on Assange’s legal and democratic rights carefully concealed.

Last week’s hearings began with Assange emerging for the first time in months from Belmarsh Prison, a maximum-security facility, where he has been detained for the past year-and-a-half, even though he has not been convicted of a crime. There he has been imperiled by the coronavirus pandemic, with the authorities failing to provide him with such basic protection as a mask, as dozens of inmates and staff have contracted the potentially deadly-virus. Before the trial, Assange was “rearrested,” despite the fact that there had been no change to his incarceration. The reason was that, weeks out from the trial, a new “superseding” indictment was filed by US prosecutors. This was plainly aimed at overwhelming Assange’s lawyers with thousands of legal documents, after they had already finalised their defence case.

Judge Vanessa Baraitser rejected a defence request that the additional material in the superseding indictment be excised. But she also dismissed a defence motion for a delay, to allow Assange’s lawyers to respond to the new allegations. Meanwhile, the US prosecutors have stated that the new material in the indictment, despite the fact that it does not contain additional charges, could itself be the basis for extradition. The US government is seeking to ensnare Assange in a Kafkaesque nightmare, where, even if extradition is blocked on the basis of the Espionage Act charges against him, he can still be dispatched to his American persecutors, based on the additional material in the new indictment, largely furnished by FBI informants, including a con-man previously convicted of impersonating Assange and stealing money from WikiLeaks.

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Home Forums Debt Rattle September 15 2020

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    Otto Dix The Triumph of Death 1934   • Scientists Discover Antibody That ‘Neutralizes’ Coronavirus (Fox) • Research From 23andMe Strengthens Link
    [See the full post at: Debt Rattle September 15 2020]

    V. Arnold

    Otto Dix The Triumph of Death 1934

    That picture fascinates; I can’t say I understand it; clicked it, and read the scripts…not nearly enough…
    IMO, death triumphs only when life is not lived to its fullist…
    A life lived to its fullist triumphs death because life is destined for greater things; death is only a marker…
    A life lived to its fullist is also a marker; one that even death cannot erase…
    Thus, we have hstory…
    The marker and judge of the life lived………

    Mr. House
    Mr. House

    9/11: nobody higher up gets fired
    2008: nobody higher up gets fired
    2020: nobody higher up will get fired

    What we got here is a failure to practice either democracy or capitalism

    The 9/11 Conspiracy Theory

    Dr. D

    Strange how this makes more sense than saying Novichok is safer than water. Maybe someday, far in the future, it might actually kill someone! And they’re so good at their craft that even half-hearted taxi drivers don’t buy the story.

    But I’m sure, just CERTAIN, that everything else the NY Time, WaPo, CNN, and the Guardian says is true. As they claim there’s no arson in Oregon while 12-18 people are arrested for it.

    “I believe everything I see on T.V. It makes me much more selective.” –Spinal Tap

    Another day with stupid up to “11”.


    “he is so rich that he can only imagine spending his wealth by plowing it into space travel”
    Bezos shows again he is a man of poor imagination. How about using it to treat his workers better?

    Maxwell Quest

    “Otto Dix The Triumph of Death 1934”

    “Oh death where is thy sting?” An NDE would have taught this German artist that death is not the boogeyman he thought it was. I’ve heard many first-hand accounts of people who were brought back from death via modern medical resuscitation techniques. One woman described how she watched in horror as the medical staff worked frantically to revive her. She screamed and tried to pull them away, but to no effect, since without her physical body the doctors could not see, hear, or feel her. You see, she was thrilled to have crossed over, and was horrified at the prospect of returning. But return she did to tell her story. And so have thousands of others if we will listen to them.

    “Stop The Coup! (TAM)”

    Not many years ago I was like every other boomer, reading the paper, watching the news, and reading magazines to stay ‘informed’. I was unaware that my thoughts, ideas, biases, and choices were being shaped and instilled for the benefit of the status quo. My natural instinct to gain knowledge had been used against me. As a result of these manipulations, I had become a faithful robot for the establishment agenda.

    That is why it is completely understandable when a boomer neighbor stops to ask me if I think that Trump will willingly leave office if he loses the election. Just as I used to, they are swallowing the media propaganda without question. Their minds are already being prepared to see Trump as the third-world dictator whose lust for power has him stealing the election.

    My response always catches them off guard, because the ideas are entirely new and foreign to them, never having been spoken on all the usual media sources they consult:

    “Let’s take a look at the track record of those making these claims. Did they abide by the democratic process and accept a Trump presidency in 2016? No, the media, intelligence agencies, and the DNC initiated one coup attempt after another to remove Trump from office, starting with Hillary telling state electors to disregard the will of the people and cast their vote for her. When that didn’t work they claimed that Russia stole the election, and on and on, a continuous four-year rolling coup attempt.”

    This always leaves them a bit stunned, because they are so accustomed to all of their friends singing from the same sheet of establishment music. If I’m feeling particularly harsh, I finish it off by telling them that all their trusted sources of news are nothing but manipulative propaganda for the US centralize empire. I know is sounds cruel, but my generation is so conditioned and concretized in their thinking that it takes a 2×4 upside the head to make an impression. Gentle hints and suggestions typically just bounce off.


    Thanks, Dr. D for the redirect to club Orlov. Now I understand everything about Navalny. 🙂


    the WikiLeaks publisher is largely being treated as a “non-person” by the Australian political and media establishment. Moreover, they, no less than their counterparts internationally, are committed to an agenda of militarism and escalating attacks on democratic rights

    We know, we know, we know. It is to our undying shame that this vicious, vindictive neo-Stalinist show trial continues unopposed and unmentioned. There’s a similar SECRET show trial taking place in Australia even now, of a whistleblower who revealed Australian bugging operations in Timor Leste. Search for “Witness K” and “Collaery” if you want to know more.

    There is no honour left, no dignity. Visit Psychology Today and look for “Dark Personalities.” These exist in swarms at the top of our hierarchy. So sad.


    Lots of cleaning to do on the west coast.
    Its not volcano ash.
    Its only forest fire ash.
    I wonder, will it be as good a fertilizer as volcano ash?


    The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.

    Canada threatened a dollar-for-dollar retaliation that was expected to be announced Tuesday. Two Canadian government officials confirmed Canada would drop the counter tariffs on U.S. aluminum following the U.S. announcement.


    Kunstler thinks the Dems are Marxists now.

    Dr. D

    Sadly goes like this: Funding = DNC<Act Blue<BLM, who is openly Marxist and not only doesn’t disavow violence, but openly applauds and promotes it, as in the Chicago looting, Portland shooting, or the Chaz. And BLM is essentially en masse mixed body with Antifa. And by stats, a large number approve of Socialism, they are the host party of National “Social Democrats” like AOC and the squad, and not only promote similar views, but recently cut a deal with Bernie to promote this very Socialism.

    Since it’s funding, base, representatives, leaders, and platform are all relatively Marxist, what can you say? It’s not like a secret or anything. It’s not a “talking point”: go to their websites and read them for yourself. You can start here And read the interviews of the BLM founders who said “We’re trained Marxist agitators.”

    But we have people saying “No border, no wall, no USA at all”, “Burn it all down”, and things like “ending Capitalism” or “Capitalism is murder.” It’s not like a secret or which side is funding, supporting, harboring, and voting for it. What can I say? If they are so, it’s an honest platform with a certain outlook on life and government we can all understand. That’s fine: it’s a free country. That’s their right. And we have the right to choose whether we want that or something else.

    The amazing part is, Kunstler is the epitome of a born-into, lifelong, no-questions, true-blue, working/intellectual Democrat. From an all-blue state a mile from the bluest Bernie state. For him to turn is quite a bellweather on how the rest of the party base may vote, silent as they — and probably the reds — may be right now.

    I’ve read that maybe what he have isn’t a Red-Blue civil war, but a civil war within the Democrat Party alone. There’s something in that statement. And it’s sobering, not a happy thing. When the elephants (oligarchs) fight, the grass gets trampled.

    Anyway, pops up for two weeks now, with people not fully recognizing what HRC and Podesta said: Clinton said “Biden must not concede under any circumstances.” Including him losing the vote and the ultimate count? That’s pretty bold. We don’t have elections now? How can you mis-speak in a way that makes losing an election inconceivable you famously just lost a minute ago? And John says that unless Biden wins the riots won’t stop. Also interesting, as that can ONLY be possible if a) the rioters and the violent are EXCLUSIVELY on the left, blue side, and b) Biden has their support, approval, and control over them. Is that what they’re saying? Because I thought it was the Red hats who were the only violent ones and the Blue lives were “peaceful.” And that these “peaceful” people don’t riot and murder and you’re not involved or support it. Odd, both halves, and odder still they haven’t hushed and re-written the message. I don’t get it, seems the game played badly to me. Sure, we know you’re going to murder everything for power, but you’re not supposed to say it in the headlines. That’s just weird, not a selling point for Karen in the suburbs. You’re supposed to say if BIDEN wins there will be violence because toothless hillbillies and smooth-brains are violent and must be killed for the greater good. That’s been the headline for decades now. What are you doing?

    Mr. House

    “The domestic framework for imposing martial law in the U.S., via “continuity of government” protocols, was activated earlier this year under the guise of the coronavirus crisis and it remains in effect. Now, a series of groups deeply tied to the Washington establishment and domestic and foreign intelligence agencies have predicted the exact ways in which to engineer a failed election and manipulate its aftermath.

    Who would stand to benefit the most from the imposition of martial law in the United States? I would argue that one need look no further than the battle within Washington power factions over the future of AI, which has been deemed of critical importance to national security by the public sector, the private sector and prominent think tanks. The Schmidt-led NSCAI and other bodies determining the country’s AI policy plan to implement a series of policies that will be deeply resisted by most Americans – from the elimination of individual car ownership to the elimination of cash as well as the imposition of an Orwellian surveillance system, among other things.

    All of these agendas have advanced under the guise of combatting coronavirus, but their advance can only continue to use that justification for so long. For groups like the NSCAI, Americans must welcome these AI-driven advances or else, even if it means Americans face losing their jobs or their civil liberties. Otherwise, these groups and their billionaire backers argue, the U.S. will be “left out” and “left behind” when it comes time to set the new global standards for AI technology, as the U.S. will then be left in the dust by China’s growing AI industry, which is fed by its own implementation of these technologies.

    By keeping Americans angry and distracted by the partisan divide through pre-planned election chaos, a “New America” waits in the wings – one that is coming regardless of what happens on election day. That is, of course, unless Americans quickly wake up to the ruse.”

    “Bipartisan” Washington Insiders Reveal Their Plan for Chaos if Trump Wins the Election


    Your Mother Was A Hamster And Your Father Smelt Of Elderberries!

    The study on inequality from the RAND Corporation shines bright light on how unjust the situation is. Whatever comes next will need to be built from the ground up. Thank you for sharing.

    Isn’t it obvious we need a new system?

    Run Away…Run Away!

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