Nov 252022
 
 November 25, 2022  Posted by at 9:34 am Finance Tagged with: , , , , , , , , , ,


Salvador Dali Figure at a window 1925

 

Media Serve the Governors, Not the Governed (Lauria)
Musk Announces Twitter Amnesty (RT)
Musk Says Granting ‘Amnesty’ To Suspended Twitter Accounts (AP)
NATO Doesn’t Supersede the U.S. Constitution (McKnight)
Electric War (Escobar)
Belarus Paints Grim Picture For Ukraine If It Won’t Negotiate (RT)
Pentagon Dodges Ukraine Aid Question (RT)
French Interior Minister Labels Italy Enemy Of France After Migration Row (RMX)
EU Fails To Agree On Gas Price Cap – Hungary (RT)
Estonia Warns It Will Veto EU Price Cap On Russian Oil (RT)
Hungary Faces Pressure To Ratify NATO Expansion (RT)
Oddsmakers Favor DeSantis For 2024 (JTN)
Climate Policy Makes Europe Too Expensive for Low-Cost EV Manufacturing (CTH)
Meta Uncovers US Military-Linked Propaganda Campaign (RT)
You’re Going To Get Robbed (Denninger)

 

 

 

 

Gonzalo

 

 

 

 

 

 

 

 

Let’s talk a bit about Twitter and its amnesty policy Elon Musk announced yesterday. Which is basically free speech. Which in turn is something many people feel threatened by. The Constitution itself is a threat to them.

U.S. Supreme Court Justice Hugo Black in 1971:“In the First Amendment the Founding Fathers gave the free press the protection it must have to fulfill its essential role in our democracy..”

Media Serve the Governors, Not the Governed (Lauria)

In his 1971 opinion in the Pentagon Papers case, U.S. Supreme Court Justice Hugo Black wrote: “In the First Amendment the Founding Fathers gave the free press the protection it must have to fulfill its essential role in our democracy. The press was to serve the governed, not the governors. The Government’s power to censor the press was abolished so that the press would remain forever free to censure the Government.” That’s what WikiLeaks and Julian Assange have been doing since 2006: censuring governments with governments’ own words pried from secrecy by WikiLeaks’ sources—whistleblowers. In other words, WikiLeaks has been doing the job the U.S. constitution intended the press to do.

One can hardly imagine anyone sitting on today’s U.S. Supreme Court writing such an opinion. Even more troubling is the news media having turned its back on its mission. Today they almost always serve the governors—not the governed. The question is why. Consolidation of media ownership has increased obedience of desperate journalists; entertainment divisions have taken over news departments; and careerist reporters and editors live vicariously through the power of those they cover, rejecting the press’ unique power to hold those officials to account. It comes down ultimately to lifestyles. Men go to war to protect and further their lifestyles. The press cheers them on for residual material betterment and increase in status. Millions of lives erased for lifestyles.

It used to be accepted in television that news departments would lose money and would be supported by the entertainment division. That’s because news was considered a public service. TV newsmen — they were almost all men in those days— were former wire service and newspaper reporters. But greed has put the presenters’ personalities before public service, as entertainment masquerades as news. Newspapers have sacrificed investigative units to maximize profit. Government is the winner. The abdication of the mainstream media of their constitutional responsibility to serve the governed and not the governors has left a void filled for more than a decade by WikiLeaks.

No longer do today’s Daniel Ellsbergs need to take their chances with editors at The New York Times or The Washington Post, or with their reporters spinning the damning information they risk their freedom to get to the public — no matter how disinterested and distracted the public may be. Now the traditional media can be bypassed. WikiLeaks deals in the raw material, that governments hang themselves with. That’s why they want Assange’s head. They lust for revenge and to stop further leaks that threaten their grip on power. That the corporate media has turned on Assange and WikiLeaks reveals their service to the state and how much they prioritize their style of life — disregarding the carnage they help bring about.

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Twitter “amnesty”. RT provides a factual story…

Musk Announces Twitter Amnesty (RT)

Twitter boss Elon Musk has vowed to extend a “general amnesty” to an unspecified number of suspended users, a week after reversing former US President Donald Trump’s lifetime ban from the platform. “The people have spoken. Amnesty begins next week,” Musk tweeted on Thanksgiving Day. He added “Vox Populi, Vox Dei,” a Latin phrase that means “the voice of the people is the voice of God.” The SpaceX and Tesla CEO launched a Twitter poll on Wednesday, asking if Twitter should “offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam?” Out of more than 3.1 million users who took part, 72.4% voted ‘yes’ and 27.6% voted ‘no’.

In a separate message Musk also promised to start freeing and offering up for grabs “vast numbers of handles” that had previously been “consumed” by bots and trolls. Since acquiring Twitter for $44 billion last month, Musk has faced growing criticism for laying off hundreds of employees and reversing the permanent suspensions of multiple notable accounts, including former US President Donald Trump following a similar public vote. While critics claimed that Musk’s actions fuel hate speech, harassment and misinformation, he has rejected accusations he was some kind of “right-wing bogeyman” and insisted that Twitter under his ownership has not banned any leftists, not even for “utter lies.”

It remains to be seen how many users would be eligible for amnesty. This week the platform already reinstated Rep. Marjorie Taylor Greene, whose personal Twitter account had been permanently banned since early January 2022 for posting “misinformation” about the Covid-19 pandemic. Musk, however, drew the line at Alex Jones, saying he had “no mercy” for someone who used children’s deaths for clout. Musk had vowed to transform the platform and turn it into a bastion of free speech, saying it was “important to the future of civilization” to have a digital town square where a wide range of beliefs could be discussed.

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…but the MSM, in this case AP, sees enormous threats in free speech. And if free speech equals freedom, we know what they’re afraid of. It reminds me of Sartre’s “L’enfer c’est les autres”, (Hell is -the- other people). In other words, if you honor the priciple of free speech, you welcome hell into your world. That sounds like the opposite of what the founding fathers thought. Hell is other people’s freedom.

Musk Says Granting ‘Amnesty’ To Suspended Twitter Accounts (AP)

New Twitter owner Elon Musk said Thursday that he is granting “amnesty” for suspended accounts, which online safety experts predict will spur a rise in harassment, hate speech and misinformation. The billionaire’s announcement came after he asked in a poll posted to his timeline to vote on reinstatements for accounts that have not “broken the law or engaged in egregious spam.” The yes vote was 72%. “The people have spoken. Amnesty begins next week. Vox Populi, Vox Dei,” Musk tweeted using a Latin phrase meaning “the voice of the people, the voice of God.” Musk used the same Latin phrase after posting a similar poll last last weekend before reinstating the account of former President Donald Trump, which Twitter had banned for encouraging the Jan. 6, 2021, Capitol insurrection.

Trump has said he won’t return to Twitter but has not deleted his account. Such online polls are anything but scientific and can easily be influenced by bots. In the month since Musk took over Twitter, groups that monitor the platform for racist, anti-Semitic and other toxic speech say it’s been on the rise on the world’s de facto public square. That has included a surge in racist abuse of World Cup soccer players that Twitter is allegedly failing to act on. The uptick in harmful content is in large part due to the disorder following Musk’s decision to lay off half the company’s 7,500-person workforce, fire top executives, and then institute a series of ultimatums that prompted hundreds more to quit. Also let go were an untold number of contractors responsible for content moderation.

Among those resigning over a lack of faith in Musk’s willingness to keep Twitter from devolving into a chaos of uncontrolled speech were Twitter’s head of trust and safety, Yoel Roth. Major advertisers have also abandoned the platform. On Oct. 28, the day after he took control, Musk tweeted that no suspended accounts would be reinstated until Twitter formed a “content moderation council” with diverse viewpoints that would consider the cases. On Tuesday, he said he was reneging on that promise because he’d agreed to at the insistence of “a large coalition of political-social activists groups” who later ”broke the deal” by urging that advertisers at least temporarily stop giving Twitter their business.

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More violations of what the founding fathers bestowed upon us. How did all these things become so normal?

NATO Doesn’t Supersede the U.S. Constitution (McKnight)

As our government continues to bumble and stumble at full speed towards World War III, the concept of tripwires and the legal authority of Article 5 become required understanding for the vigilant citizen. Last week the American people received the then-breaking news that a missile had landed in Poland and killed two people.Ukraine’s President Volodymyr Zelensky said that this was a purposeful act of war by Russia, and that the West must respond with full kinetic retaliation. He was joined by his amen corner here in the United States, that group of politicians, regime journalists, and paid lobbyists who have sold out their country for the requisite thirty pieces of silver. The War Party immediately jumped into action: this was what they’ve been waiting, praying for. A catalyst to launch the missiles, and sacrifice the world.

Poland, like the United States and nearly all of Europe, is a member of NATO, the North Atlantic Treaty Organization. (Maybe we should wonder why countries like Poland, Estonia, and Romania are in an “Atlantic” alliance.) A provision of NATO is Article 5, which popular conception treats as a mandatory obligation to go to war when a member of the alliance is attacked. It’s a one way pass into World War III. There were just two things wrong with this narrative. First, as was revealed within forty-eight hours and confirmed by both the Polish government and Biden White House, the missile was Ukrainian, not Russian. Vladimir Putin had not attacked NATO—purposefully or accidentally. Instead, a Ukrainian air defense missile attempting to intercept a Russian strike went off trajectory killed two Poles across the border.

All of a sudden “collective security” was no longer threatened, and no one on cable news was talking about how this required NATO retaliation on Kiev. (Surprised?) Secondly, even if it had been a Russian missile, and even if Vladimir Putin himself had aimed directly at that Polish farm, Article 5 obligates the United States to nothing. The NATO Treaty also has an Article 11, which specifies that the provisions of the alliance will be carried out in accordance with the domestic constitutions and processes of the respective members. That means a majority vote of the U.S. Senate and House of Representatives on a formal declaration of war. Any member of Congress or news talking head saying Article 5 requires an immediate military response without a debate or vote is either lying or woefully uninformed.

And even if the NATO Treaty didn’t have that provision, we’d still rest our argument of Article I, Section 8 of the United States Constitution, the supreme authority of our laws. We are a sovereign nation, and the American people always have a choice on whether or not to go to war. Any international piece of paper trying to say otherwise be damned. Unfortunately, the War Party doesn’t always make that choice easy. They bribe politicians with weapon contract profits, flood the corporate press with propaganda, and instruct the American people that they must either commit to endless war or lose their liberty. They manufacture themselves consent.

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“..a Polish farmer, his footfalls echoing in our collective memory, may have saved the world from WWIII..”

Electric War (Escobar)

Spare a thought to the Polish farmer snapping pics of a missile wreckage – later indicated to belong to a Ukrainian S-300. So a Polish farmer, his footfalls echoing in our collective memory, may have saved the world from WWIII – unleashed via a tawdry plot concocted by Anglo-American “intelligence”.Such tawdriness was compounded by a ridiculous cover-up: the Ukrainians were firing on Russian missiles from a direction that they could not possibly be coming from. That is: Poland. And then the U.S. Secretary of Defense, weapons peddler Lloyd “Raytheon” Austin, sentenced Russia was to blame anyway, because his Kiev vassals were shooting at Russian missiles that should not have been in the air (and they were not). Call it the Pentagon elevating bald lying into a rather shabby art.

The Anglo-American purpose of this racket was to generate a “world crisis” against Russia. It’s been exposed – this time. That does not mean the usual suspects won’t try it again. Soon. The main reason is panic. Collective West intel sees how Moscow is finally mobilizing their army – ready to hit the ground next month – while knocking out Ukraine’s electricity infrastructure as a form of Chinese torture. Those February days of sending only 100,000 troops – and having the DPR and LPR militias plus Wagner commandos and Kadyrov’s Chechens do most of the heavy lifting – are long gone. Overall, Russians and Russophones were facing hordes of Ukrainian military – perhaps as many as 1 million. The “miracle” of it all is that Russians did quite well.

Every military analyst knows the basic rule: an invasion force should number three times the defending force. The Russian Army at the start of the SMO was at a small fraction of that rule. The Russian Armed Forces arguably have a standing army of 1.3 million troops. Surely they could have spared a few tens of thousands more than the initial 100,000. But they did not. It was a political decision. But now SMO is over: this is CTO (Counter-Terrorist Operation) territory. A sequence of terrorist attacks – targeting the Nord Streams, the Crimea Bridge, the Black Sea Fleet – finally demonstrated the inevitability of going beyond a mere “military operation”. And that brings us to Electric War.

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“If they [Kiev] don’t want people to die, and to die in huge numbers … It’s hard, but [the conflict] must be stopped, because the complete destruction of Ukraine will follow..”

Belarus Paints Grim Picture For Ukraine If It Won’t Negotiate (RT)

Ukraine should do its best to end the conflict with Russia, Belarusian President Alexander Lukashenko said on Thursday, adding that failure to do so would bring about the total collapse of the nation. Commenting on the hostilities in the neighboring country, the Belarusian leader noted that “everything is in Ukraine’s hands now.” “If they [Kiev] don’t want people to die, and to die in huge numbers … It’s hard, but [the conflict] must be stopped, because the complete destruction of Ukraine will follow,” he said, speaking on the sidelines of the summit of the Collective Security Treaty Organization (CSTO) in Armenia. Lukashenko added that it is not just “the loss of statehood” that is at stake for Ukraine, but its very existence.

He claimed that the Ukrainian people, who are bearing the brunt of the conflict, would eventually force President Vladimir Zelensky into a diplomatic engagement. “In one or two years, the people will be accusing him: ‘What did you do to start this war?’ According to Lukashenko, the situation will “press the Ukrainian leadership – if it is reasonable – into sitting at the negotiating table.” After Russia launched its military campaign against Ukraine in late February, Belarus hosted several rounds of talks between Moscow and Kiev. At the time, however, these diplomatic efforts failed to garner any results. In October, the Belarusian president claimed that while Minsk takes part in Russia’s military operation, its role is limited.

He said that his country is preventing the conflict from spreading into its territory while making sure that “nobody would shoot Russians in the back from the territory of Belarus.” In late September, he also claimed that the conflict could end “in just a few days” if Western powers were to back a peaceful settlement. This statement was to some extent echoed by Kremlin Spokesman Dmitry Peskov, who said last week that the participation of Western nations in dialogue could be a “guiding and reinforcing element.” While Moscow has repeatedly signaled that it is open to negotiations, President Zelensky has set some conditions. They include the “restoration of [Ukraine’s] territorial integrity,” “compensation for all war damage,” and the “punishment of every war criminal.”

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“I am not going to take the question because I’m answering your question.”

Pentagon Dodges Ukraine Aid Question (RT)

The US military has declined to give an exact breakdown for billions of dollars in aid to Ukraine requested by the White House last week, saying it would not discuss funding to replenish domestic arms stocks amid reports of growing shortages. Asked about President Joe Biden’s letter to Congress requesting an additional $37.7 billion in assistance to Kiev, deputy Pentagon press secretary Sabrina Singh refused to offer details. “I would not be able to tell you how much of that… is going back to replenishment,” she told reporters during a Tuesday press conference. “With every security assistance package that we announce, we assess our own readiness and capabilities and also what needs to be replenished.”

Pressed on whether she could take the question back to the Pentagon and provide an answer later, Singh doubled down, insisting: “I am not going to take the question because I’m answering your question.”“I just don’t have a number or a dollar figure for you right now on what that looks like, and I don’t think that’s something that we would broadcast from here,” she reiterated. Though the White House previously said that $21.7 billion of the requested aid would be devoted to both “equipment for Ukraine” and the “replenishment of Department of Defense stocks,” it did not specify how much would go to each. Repeated weapon shipments to Kiev have taken a toll on the domestic stockpile.

Earlier this week, the US Army’s chief of arms acquisition, Doug Bush, said the military was accelerating its process to procure weapons in order to make up for shortages, though Pentagon documents recently seen by the New York Post suggested it will take “multiple years” to resupply the Army. Even as early as March, just weeks after the conflict in Ukraine kicked off, the Defense Department was already scrambling to replenish thousands of shoulder-fired missiles supplied to Kiev. US arms transfers have only increased in the time since, with the Pentagon’s latest fact sheet reporting more than $19 billion in direct military aid approved since February, including over 46,000 anti-armor systems, nearly 200 Howitzers, 38 long-range High Mobility Artillery Rocket Systems (HIMARS) and a litany of other heavy weapons, vehicles and ammunition.

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“She argues that France continues to act like a colonial power, which drives Africans to migrate in the first place.”

French Interior Minister Labels Italy Enemy Of France After Migration Row (RMX)

Following growing tensions between Italy and France over the issue of boat migrants in the Mediterranean, French Interior Minister Gérald Darmanin has resorted to extremely harsh rhetoric, referring to the Italian government as “enemies of France.” Darmanin made the comment in response to a question from a National Rally MP Mathilde Paris during a Q&A session in the French parliament, saying Italy is “attacking France.” Paris was inquiring why the majority of the migrants aboard the Ocean Viking ship, which France allowed to dock, have been released from the administrative center housing them, despite the minister’s previous assurances that “(they) will not be able to leave the administrative center.” Instead of addressing the question, Darmanin claimed she was an “ally” of the “enemies” of France.

“In fact, madam, you are not patriotic if you ally yourself with the enemies who are attacking France at the moment,” Darmanin said in response to a question by Paris. “You are siding with Madam (Giorgia) Meloni and her government who did not respect international law, instead you are attacking French policemen,” he added. The French government is being criticized for taking in the migrants, and a report shows that 26 of the 44 minors taken in have already escaped the migrant center. The language being deployed by Darmanin is sure to add further tension between the two countries, which has been growing ever since Italy rejected taking 234 migrants from the NGO ship Ocean Viking, which had mostly North Africans on board.

Italy argues that it has already accepted 90,000 migrants in 2022 alone, and even after rejecting Ocean Viking, it still allowed three NGO ships to dock and 600 migrants to disembark. Although French President Emmanuel Macron has labeled Meloni “inhumane” for not taking in the Ocean Viking migrants, at the same time, France has now said it is retaliating by not accepting 3,000 migrants from Italy it had promised to take in. Meloni has responded, pointing to France’s CFA franc program, in which France agrees to print money for 14 African countries in exchange for mint fees, which can go as high as 50 percent. She argues that France continues to act like a colonial power, which drives Africans to migrate in the first place.

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Hopeless. They all want different price caps for different reasons.

EU Fails To Agree On Gas Price Cap – Hungary (RT)

EU nations have failed to reach an agreement on imposing a price ceiling on natural gas following a Council of Energy Ministers’ meeting, Hungarian Foreign Minister Peter Szijjarto said on Thursday. Ministers from the bloc will discuss the proposed measure further during an extraordinary meeting scheduled on December 13, two days before the Summit of European leaders. “Today we started negotiations on the introduction of a ceiling on gas prices. I can say that these are bad proposals, which also threaten Europe’s energy security,” Szijjarto said. “At the meeting, no decision was made that could meet the objectives of the European Commission,” the minister stated, adding that most member states, including Hungary, see such a step as a misguided intervention with work of the natural gas market.


Szijjarto stressed that Hungary, which is heavily reliant on Russian energy imports, is planning to seek exemptions from any EU price caps on oil and gas supplied under long-term contracts. The EU has proposed introducing a cap when prices on the TTF exchange, Europe’s gas benchmark, reach €275 per megawatt hour and when prices are €58 ($59.53) higher than the LNG reference price for ten consecutive trading days within the two weeks. Both conditions need to be met for the cap to be triggered.

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“It is hoped that the price limit would allow Russian production to remain at pre-sanctions levels, but reduce the country’s oil revenue.”

Estonia Warns It Will Veto EU Price Cap On Russian Oil (RT)

A price cap on Russian oil proposed by the European Commission is too high and may be blocked by Estonia, Minister of Foreign Affairs Urmas Reinsalu said on Thursday, as quoted by Estonian Public Broadcasting (ERR). The proposal by Brussels to set a limit of between $65 and $70 per barrel on Russian sea-borne oil is insufficient, he stated, arguing that Moscow would make too much revenue at that price. “Estonia finds that the price horizon’s ambition is too low, considering that the EU has also failed to agree on a ninth sanctions package. The cap seems too high,” Reinsalu said at a government press conference, adding that discussions were ongoing.

Earlier, EU energy chief Kadri Simson confirmed that bloc members had failed to reach an agreement on a Russian oil price cap, but said negotiations would continue. Estonia’s warning came after EU leaders had already watered down the proposed cap by weakening some shipping provisions and delaying the implementation of the measure. Under the updated plan seen by Bloomberg, a grace period would apply to crude loaded before December 5, when oil-related sanctions come into effect, and unloaded by January 19. If approved, the measure would ban Western companies from providing insurance, brokerage or financial assistance to vessels loaded with Russian crude, unless the cargo is purchased below an agreed price.

It is hoped that the price limit would allow Russian production to remain at pre-sanctions levels, but reduce the country’s oil revenue. The proposal was reportedly rejected by Poland along with all three Baltic States, which called the cap “too generous” for Russia and pushed for the price ceiling to be imposed at $30 per barrel. Meanwhile, nations with major shipping industries like Greece and Malta insisted the cap should not be below $70. On Thursday, Kremlin spokesman Dmitry Peskov said Moscow would embargo nations that support the proposed price limit on its oil.

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“I would like to underline that the Swedes and the Finns have not lost a single minute of membership because of Hungary,” Orban said..”

Hungary Faces Pressure To Ratify NATO Expansion (RT)

Hungarian Prime Minister Viktor Orban has promised that Finland and Sweden’s NATO membership bids will definitely be among the first items on the agenda when the country’s parliament reconvenes next year, likely around mid-February.“I would like to underline that the Swedes and the Finns have not lost a single minute of membership because of Hungary,” Orban said, as cited by Euronews, adding that the prime ministers of Poland, Czech Republic and Slovakia had nudged him to move forward with the process during their meeting on Thursday.

“We have already confirmed to both Finland and Sweden that Hungary supports the membership of these two countries in NATO, and at the first session of next year, Parliament will put this on the agenda,” the Hungarian PM stated, apparently after facing pressure during a Visegrad Group meeting in Slovakia. Last month, Orban’s chief of staff Gergely Gulyas said there was a “good chance” the Hungarian parliament would vote before its autumn session ends mid-December. The parliament usually reconvenes in early February. In May, amid Russia’s military campaign in Ukraine, Sweden and neighboring Finland broke with their decades-long neutrality stance and formally applied for NATO membership. While the bloc accepted the requests, the Nordic nations’ bids have to be ratified by all 30 member states, and Türkiye and Hungary’s approval is still pending.

Earlier this month, German Foreign Minister Annalena Baerbock rebuked Budapest and Ankara for delaying the ratification process, insisting that there is a “crystal clear basis” for allowing the two Nordic nations to join the military bloc. Hungarian officials have repeatedly stated their support for NATO expansion, and the measure is expected to be easily passed once it comes to the floor. Meanwhile, Ankara is demanding that Stockholm and Helsinki do more to fight “terrorism,” particularly Kurdish groups which are outlawed in Türkiye. Negotiations on the matter are still underway.

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Pence and Buttigieg. What a waste of time.

Oddsmakers Favor DeSantis For 2024 (JTN)

Florida Republican Gov. Ron DeSantis is the odds-on favorite to win the 2024 presidential election. Betting website Covers.com currently assigns DeSantis a 30.77% chance of winning the 2024 electoral contest, with former President Donald Trump coming in second with 22.22%. President Joe Biden rounds out the top three with 20% while Vice President Kamala Harris and Democratic California Gov. Gavin Newsom tie for fourth with 6.67% each. Former Vice President Mike Pence and Transportation Secretary Pete Buttigieg each have a 4.35% shot at the nation’s top job. Thus far, only Trump has officially launched his 2024 campaign, though Biden is expected to eventually do so. DeSantis, meanwhile, has declined to fuel speculation about his own potential bid, instead asserting that the GOP should focus on the upcoming Georgia runoff election.

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Want to use less oil? Stop making stuff.

Climate Policy Makes Europe Too Expensive for Low-Cost EV Manufacturing (CTH)

We have been closely monitoring the signs of a global cleaving around the energy sector taking place. Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies. Within the BBB western group (identified on map in yellow), the logical consequences are increased living costs for those who live in the BBB zone, and increased prices for goods manufactured in the BBB zone. In the zone where traditional low-cost energy resources continue to be developed (grey on map), we would expect to see a lower cost of living and lower costs to create goods. Two divergent economic zones based on two different energy systems.

This potential outcome just seemed to track with the logical conclusion. The yellow zone also represented by the World Economic Forum, and the gray zone also represented by an expanding BRICS alliance. Against this predictable backdrop we have been watching various events unfold, some obvious and some less so. Today, we get an obvious example: NEW DELHI, Nov 24 (Reuters) – Fiat parent Stellantis (STLA.MI) has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler.

“So far, Europe is unable to make affordable EVs. So the big opportunity for India would be to be able to sell EV compact cars at an affordable price, protecting profitability,” Tavares told reporters at a media roundtable in India late on Wednesday. Stellantis is investing heavily in EVs and plans to produce dozens in the coming decade, but Tavares warned last month that affordable battery EVs were between five and six years away. On his first visit to India since taking over as Stellantis CEO, he said the company was still working out a plan regarding EV exports from the country and had not yet taken any decisions.”

Normally we would expect to see market forces determining the ultimate economic outcome. Historically, we would not expect government policy that puts their nation at an economic disadvantage. However, in this WEF controlled new western economic normal we see multinational corporations’ making decisions and government leaders creating policy to support the corporations. There is money to be made by corporations within the climate change agenda, and there is money to be made by producing goods with low-cost wages and cheap materials. Eventually, if you keep following this to its natural conclusion, the entire yellow zone becomes a service driven economy.

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What on earth made them go public with this?

“..the Pentagon was forced to launch a “sweeping audit of how it conducts clandestine information warfare,” after a variety of social media accounts, which its operatives used to target foreign audiences in elaborate psychological warfare efforts, were exposed.”

Meta Uncovers US Military-Linked Propaganda Campaign (RT)

Facebook’s parent company Meta has acknowledged the discovery of several clusters of fake accounts and pages believed to be linked to individuals “associated with the US military,” according to the company’s latest adversarial threat report published this week. “Although the people behind this operation attempted to conceal their identities and coordination, our investigation found links to individuals associated with the US military,” the company said in a blog post on Tuesday. The influence campaign was discovered earlier this year and in total Meta removed 39 Facebook and 26 Instagram accounts, as well as 16 Pages and two groups, all for violating the policy against “coordinated inauthentic behavior.”

The social media giant admitted that the large-scale operation ran beyond those several dozen accounts and across many other internet platforms, including Twitter, YouTube and Telegram, as well as major Russian social networks VKontakte and Odnoklassniki. It apparently attempted to downplay the discovery by insisting that the “majority of this operation’s posts had little to no engagement from authentic communities” and highlighting similar “deceptive campaigns” by China and Russia. Meta’s acknowledgement substantiates a bombshell investigation by Washington Post that revealed that the Pentagon was forced to launch a “sweeping audit of how it conducts clandestine information warfare,” after a variety of social media accounts, which its operatives used to target foreign audiences in elaborate psychological warfare efforts, were exposed.

The takedown of the influence network was initially highlighted by researchers at Graphika and the Stanford Internet Observatory, which back in August published a report about online networks allegedly pushing “pro-Western,” anti-Russia and other politicized narratives. While the original study did not pin blame for the fake accounts on any particular actors, two officials later told the Post that US CENTCOM – the combatant command which oversees forces in the Middle East, North Africa and Central Asia – “is among those whose activities are facing scrutiny” for its influence operations. At the time, CENTCOM refused to comment on whether any of the suspicious accounts were created by its personnel or contractors, but one official claimed such behavior would “absolutely be a violation of doctrine and training practices.”

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Death, taxes and getting robbed.

You’re Going To Get Robbed (Denninger)

Read this Twitter thread in full.: Today, we issued a final rule that allows retirement plan investors to take climate change and other environmental, social and governance (ESG) factors into consideration when making investment decisions: Oh really? Did you not just see a prime example of what happens when “ESG” takes over a corporation? Why, you did. It’s called Twitter. Three quarters of the people, all hired with “ESG” in mind, were just fired by Musk who as a private owner has zero obligation to any such so-called “principle.” The various screaming parties in the ESG cult all predicted immediate doom and disaster. No such disaster has occurred; the firm’s only service it provides to the public is running just fine with one quarter of the staffing load — and thus cost — it used to have. If you think Twitter is unique in this regard you’re too stupid to have a retirement and deserve to lose every cent of whatever you claim to be “investing.”

Let’s put this in simple terms: If “ESG” is a net positive for a company then nobody has to exempt anything or make it a separate subject of consideration and in fact doing so is stupid because if it in fact makes the firm more competitive and operating at a lower cost per unit of output it wins all on its own. What the Department of Labor has said by issuing this advisory is that your “retirement plan” can now be disadvantaged to any degree whatsoever, including losing all of it, when (not if) these “ESG” initiatives cause the firms invested in to underperform or fail outright and when that occurs you can’t sue the plan provider for violating their fiduciary responsibility to you as the true owner of the asset.

In other words the Department of Labor is formally admitting that these “ESG” initiatives are not to the benefit of the firm’s operating results and thus are also not to your benefit as an investor. This fact has now become a formal admission by our Federal Government. What’s worse? This “rule” amounts to an admission of collusive price-fixing — albeit indirect — between what are supposed to be competing firms. Under 100+ year old law that is a serious criminal felony. You will get screwed out of trillions of dollars over the coming years as a result of this and you are responsible for that screwing because you have and continue to permit this sort of rank corruption to take place without demanding it stop and backing up that demand with whatever is necessary to eliminate it.

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Steve Kirsch
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Home Forums Debt Rattle November 25 2022

Viewing 5 posts - 121 through 125 (of 125 total)
  • Author
    Posts
  • #121930
    Bill7
    Participant

    Maybe a NC commenter or two would be interested in an alternate forum (not this one), given recent events.

    #121939
    Afewknowthetruth
    Participant

    Some people enjoy exploring the numerous facets of our collective predicament, the nature of the societies we live and the nature of life.

    Others enjoy making a nuisance of themselves by making facile comments on blogs.

    #121940
    Afewknowthetruth
    Participant

    It seems that Russia is now targeting the NZ electric grid, not using missiles or drones but using utility vehicles:

    ‘Power out, ute engulfed in flames after smashing into transformer on Auckland’s North Shore

    |A crash has knocked out power and set a ute on fire in Auckland’s North Shore on Saturday night.

    Police said the accident happened after the vehicle collided with a power transformer at about 7:30pm on East Coast Road in Windsor Park, Mairangi Bay.

    Witness photos and videos show the ute and the power transformer on fire, with massive flames leaping into the air.’

    https://www.msn.com/en-nz/news/national/power-out-ute-engulfed-in-flames-after-smashing-into-transformer-on-auckland-s-north-shore/ar-AA14zs3e?ocid=msedgdhp&pc=U531&cvid=8b7da536b0a7493e925f19b674c69f7a

    It must be Putin’s fault. Everything that goes wrong in NATOstan nations is Putin’s fault.

    Putin’s agents are everywhere, no one is safe, and careless talk costs lives.

    (Nice little blue-and-yellow icon on that link, ‘to demonstrate solidarity with Ukraine’.)

    #121942
    Bill7
    Participant

    The double-spacing is tedious [look at me; notice me!] and unnecessary. It’s also become ubiquitous on this here darpaNet.

    Christopher Lasch wrote well about the” spread of stupefaction” in The Culture of Narcissism (1979-80).
    He wasn’t wrong, but even he didn’t go deeply enough (or something, heh.).

    #121944
    aspnaz
    Participant

    DBS said

    Basically, people know not to behave like that because it’s a one-way ticket to the same hell those monstrous morons are in. The inescapable hell of being being 100% dead wrong, and yet egotistically delighted with being the best and smartest guy in the room.

    Great post, very interesting idea. In one sense I think you are right yet in another sense it terrifies me that you may be right. Fear makes one excel yet can also make one fail. I suspect that the reality is more that people feel have too much to lose: even if their child was killed by the vaccine, they feel that their remaining family would be better off if they did not kill Gates.

Viewing 5 posts - 121 through 125 (of 125 total)
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