May 082024
 May 8, 2024  Posted by at 8:53 am Finance Tagged with: , , , , , , ,  Add comments

Pieter Bruegel the Younger St. George’s Kermis with the Dance Around the Maypole 1634


Trump Classified Documents Trial Postponed Indefinitely (ZH)
RFK Jr. Challenges Trump To Debate (RT)
Putin’s Inauguration – Scott Ritter (Sp.)
Putin Sent Message to West That Russia is ‘There to Stay’ as Major Power (Sp.)
Dialing Down Expectations On A US–Saudi Security Pact (Bhadrakumar)
The Real Reason Macron Is Pushing The French Troops Narrative For Ukraine (Jay)
There’s A Careful Plan Behind Xi’s European Tour (RT)
White Genocide is in the Cards that Are Being Played (Paul Craig Roberts)
Boeing Investigated Over Falsified Plane Records (RT)
Breathe Deep….. (Denninger)





RFK by Woody



Title 18



Every day looks crazier than the one before. Does Jack Smith still have a job?

Trump Classified Documents Trial Postponed Indefinitely (ZH)

One day after postponing a filing deadline in Donald Trump’s classified documents case, Judge Aileen M. Cannon has postponed the whole thing indefinitely. In a Tuesday decision, Cannon vacated (canceled) Trump’s May 20 trial date, and wrote that setting a new date given the enormous stack of pre-trial matters would be “imprudent.” On Monday, Cannon postponed a filing deadline for Trump’s team to provide a list of classified documents they want to present at trial – which was supposed to be filed by this Thursday. Cannon did not announce a new deadline, perhaps the first clue into today’s decision. The move also comes after special counsel Jack Smith’s team admitted that the classified files at the heart of the case had been tampered with, and they needed more time to assess that revelation.

Smith also misled the court, after originally telling U.S. District Judge Aileen Cannon that the boxes remained “in their original, intact form as seized,” when in a footnote they conceded that they removed classified documents and left placeholder sheets, which prosecutors acknowledged has created an “inconsistent” record – in which some of the documents are no longer in the same order as they appear in digital scans made in the fall of 2022. “The Government acknowledges that this is inconsistent with what Government counsel previously understood and represented to the Court,” the footnote reads, according to Just the News. The finding comes after Cannon ordered a review into whether the FBI may have seized legally privileged records in response to a request from Trump co-defendant Walt Nauta.

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What would Trump have to win from this?

RFK Jr. Challenges Trump To Debate (RT)

US independent presidential candidate Robert F. Kennedy Jr. has challenged former President Donald Trump to a debate at this month’s Libertarian National Convention. Trump insists that Kennedy is “not a serious candidate.” “I’d like to make you an offer. We’re both going to be speaking at the upcoming Libertarian convention on May 24 and 25,” Kennedy wrote in an X (formerly Twitter) post on Tuesday addressed to Trump. “It’s perfect neutral territory for you and me to have a debate where you can defend your record for your wavering supporters.” Asked last week whether he would debate Kennedy, Trump said that the former Democrat is “not a serious candidate” and would have to “get his numbers a lot higher before he’s credible.”

In his post on Tuesday, Kennedy claimed that a poll commissioned by his campaign showed that he would “crush” President Joe Biden in a two-way contest, and would defeat Trump “in a nail-biter” in a similar matchup. Polls published last month by CNN and Quinnipiac both showed Kennedy at 16% in a contest involving him, Trump, Biden, and other independents, a result that he argued puts him “above the 15% debate threshold.” “I’m also drawing a lot of voters from your former supporters. They are upset that you blew up the deficit, shut down their businesses during Covid, and filled your administration with swamp creatures,” Kennedy wrote. Known for his anti-vaccine activism, free-speech advocacy, and foreign policy pacifism, Kennedy entered the race for the White House as a Democrat last April, before announcing in October that he would run as an independent instead. His effect on this November’s election has proven difficult for pundits to predict, with polls showing him pulling support from both Biden and Trump.

“The Democrats are frightened that I’m gonna spoil the election for President Biden, and the Republicans are frightened that I’m gonna spoil it for President Trump,” Kennedy said last year. “The truth is, they’re both right. My intention is to spoil it for both of them.” Trump and Kennedy will both deliver headline speeches at the Libertarian Party’s convention in Washington DC later this month, despite the fact that the party also intends to field its own candidate for the presidency. In a statement last week, Trump encouraged Libertarian Party members to back his campaign. “If Libertarians join me and the Republican Party, where we have many Libertarian views, the election won’t even be close,” he said. “We cannot have another four years of death, destruction, and incompetence. WE WILL WORK TOGETHER AND WIN!”

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Began Final Stage of Russia’s Purge of Malign Western Influence..

Putin’s Inauguration – Scott Ritter (Sp.)

In his speech at his inauguration ceremony, President Putin paid special emphasis to his responsibility as head of state “to protect Russia and serve our people,” and expressed Russia’s readiness for dialogue with the West, so long as the latter drops its efforts to restrain Russia’s development and apply pressure on the country. “Dialogue is possible, including on issues of security and strategic stability. But not from a position of strength, without arrogance, conceit or personal exclusivity, but only on equal terms, respecting each other’s interests,” Putin said. In the meantime, the president said, Russia will continue to work with its partners toward Eurasian integration “other sovereign development centers” to speed the formation of “a multipolar world order and an equal and indivisible security system.”

At home, Putin stressed, the foundations of Russian statehood include “interethnic harmony, the preservations of the traditions of all peoples living in Russia – a civilization unified by the Russian language and our multicultural culture.” The task of the state going forward will be to “ensure reliable continuity in the development of the country for decades to come, to raise and educate young generations who will strengthen and develop the country,” he said. Putin’s inauguration speech was very different from the televised address he gave when he first became acting president in 1999, but is nevertheless linked by one very important common theme, Scott Ritter told Sputnik. “In his inauguration speech, Vladimir Putin made it clear that the security of Russia and the Russian people are his top priority. Why would he have to say this? Because as we speak, Russia finds itself under attack from many nations around the world – nations that seek the existential extermination of Russia, if not through violence, then through economic strangulation,” Ritter said.

By contrast, in 1999, Russia faced a threat of a different sort, according to the commentator. “In 1999, Russia wasn’t facing attacks from without from foreign influence, but rather attacks from within,” Ritter said, pointing to the deep infiltration of Western economic and political interests, and Western values, both into Russia’s government, and among ordinary citizens. “This was a Russia that had lost touch with itself,” the observer said. Over Putin’s tenure, Russia has gradually “purged” itself of these attitudes, Ritter said, with the conflict in Ukraine serving as a catalyst accelerating Russia’s transformation, forcing elites and ordinary citizens alike to reconsider who they are and what defines them.

Going forward, Ritter expects Putin’s new term in office to “redefine Russia in the final stages of this transformation that it has been making continuously since 1999, a Russia that will for once and all purge the poison of Western malign influence out of its system, and create a pure Russian notion of what Russia is.” As for communication and potential cooperation with foreign power centers, it will be defined by Western readiness to respect Russian independence, the commentator said. “Vladimir Putin made it clear in his speech that he is seeking good relations with the West. Russia’s not seeking to dominate anybody. But Russia wants to live in peaceful coexistence with its Western neighbors as an equal, as a nation defined not by Western values, but by Russian values,” Ritter summed up.

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“.. to bring about a fundamentally new quality of life for our people and a real, tangible increase in their prosperity.’”

Putin Sent Message to West That Russia is ‘There to Stay’ as Major Power (Sp.)

Newly inaugurated President Vladimir Putin has sent a clear message to the West that “Russia is there to stay as one of the world’s major powers,” strategic analyst Paolo Raffone told Sputnik. The director of the CIPI Foundation in Brussels cited Putin’s remarks signaling Russia’s intent to “use political and diplomatic means to defend its lawful interests,” while remaining “open to negotiations and dialogue.” In his inauguration speech, Putin “rightly claims that after 2000, he, with the support of the Russian people, ‘stood firm against the attacks of international terrorism and saved the country from the very real threat of collapse,’” Raffone noted. The analyst singled out two cornerstone statements by the Russian president. First, that, “The main objective of the coming six years is now ‘to transform the potential we have built up into a new development energy and to use it to bring about a fundamentally new quality of life for our people and a real, tangible increase in their prosperity.’”

Second, that “Russia’s success and prosperity ‘cannot and should not depend on one single person or one political party, or political force alone. We need a broad base for developing democracy in our country and for continuing the transformations we have begun.’” “Putin underlines that he ‘serves’ the interests of Russia that has chosen him again as president. Putin acknowledges that the post-2000 recovery of Russia is still underway, and he summons the peoples of Russia to strengthen social cohesion to continue the path of ‘transformations’ and ‘develop democracy.’ Two statements and two goals that are a cornerstone of his new term in office,” Raffone said. As for the US-driven calls in the Western capitals and mainstream press to delegitimize the Russian presidential election process, “It is the continuation of the historic confrontation of Anglo-Saxon powers against Russia,” Raffone explained.

He weighed in on the fact that representatives of Western countries stayed away from the ceremony. While the UK, Canada, and most European Union nations opted to boycott the swearing-in, France, Hungary, and Slovakia sent their ambassadors, Raffone pointed out, noting that the “tune is set by the US that is faced with tremendous domestic and external challenges in the months ahead of the November elections.” “Despite the US/UK-imposed boycott, there is no united Western front against Russia… The reaction of Anglo-Saxon powers against Russia is a weak representation of the relativization of their global standing, a process with which their political elites have difficulty to come to terms. Despite their bellicose rhetoric, there is mounting sentiment that the relations with Russia cannot be eased without fresh diplomatic initiatives,” Raffone concluded.

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Power has already shifted.

Dialing Down Expectations On A US–Saudi Security Pact (Bhadrakumar)

A historic security pact may be in the making between the United States and Saudi Arabia that could open a pathway to the kingdom’s normalization with Israel. Both sides are eager to close a deal that will replace their famous ‘oil-for-security’ bargain struck in 1945. A caveat must be added, though. That 80-year-old agreement between president Franklin Roosevelt and King Abdulaziz Al-Saud has been tested in recent years as the global balance of power shifted and eroded some of their mutual trust. With last decade’s Arab Uprisings, the once-reliable lines of communication between Riyadh and Washington became strained, and back channels diminished. Issues of reliability, due to trust deficit and waning US influence, began weighing down the once solid alliance. Three particular developments underscored that the pillars of the US–Saudi relationship had become shaky:

First, the creation of OPEC+, the brainwave of Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman (MbS), which launched an era of more independent production policy; second, Riyadh’s decision to join the multipolar BRICS and Shanghai Cooperation Organization (SCO); and third, the Saudi decision to normalize relations with Iran, a commitment formalized in a Chinese-brokered peace deal in March 2023. The raison d’être of a renewed US–Saudi partnership is not in doubt. The dramatic events of 7 October 2023 in the Gaza envelope shattered the Biden administration’s notion that the Palestinian problem was “resolving itself” and that all that was needed was a neat Saudi–Israeli normalization. Instead, the issue of Palestine roared back to the center stage of West Asian security, and there is no leeway left to hoodwink the region, dissimulate empathy for the Palestinian cause, or strut around as a Good Samaritan on the Arab street.

Equally, Iran played its cards efficiently to bring the Axis of Resistance to the forecourt, something that rattled the Gulf Arab regimes, which, in turn, also provided a window of opportunity for the Biden Administration to re-engage their old allies. The linkage between regional ceasefire demands, the humanitarian crisis in Gaza, and calls for the release of Israeli captives held by Hamas has enabled Washington to regain its footing as the key interlocutor on the diplomatic track. Nonetheless, it remains a slippery slope for the US to reinsert itself as the main influencer in the region. Too much has changed in West Asia and the world in the interim. The broad strategy pursued by the Biden team is to nurture the new ecosystem around the Abraham Accords that Donald Trump patented by envisaging an Israeli–Saudi deal as the linchpin of a broader political agreement.

The White House imagines this would pave the way for Gaza’s reconstruction and the establishment of a Palestinian state that would go a long way to integrate Israel into its Arab neighborhood while allowing Washington to turn its attention to the Asia–Pacific and Eurasia to impede China’s rise and erode Moscow’s capacity to provide strategic space for China on the global stage. Rather than a robust strategy, the above is a breathtakingly ambitious pipe dream given Washington’s growing list of existential challenges: an economy under the weight of the unprecedented debt burden; counterstrategies by the Russia–Iran–China axis; the threat of “de-dollarization” gaining traction in the world economy as more and more countries in the Global South are experimenting with alternative currencies in their international settlement.

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“..over 20 years ago French soldiers tried to fight Sudan rebels and were reported to have fled the battlefield when they were actually fired upon with live rounds..”

The Real Reason Macron Is Pushing The French Troops Narrative For Ukraine (Jay)

Emmanuel Macron is in the news again with his repeated suggestion that French troops could be sent to Ukraine to fight in the war there against Russian forces. This time it is in the supposedly prestigious British highbrow Economist, which is happy to repeat this empty mantra over and over again, largely, one supposes, as it supports a broader narrative of the EU which it is a servant of in Brussels. There is no relationship more unhealthy and repugnant than that of The Economist and the European Union with the former happy to play the role of free propagandist and PR enactor for the latter. How Macron can keep repeating this entirely empty threat, which even he himself has admitted to a French magazine won’t happen, is astounding. Did someone ask him to do this once again and arrange it in The Economist? Perhaps at a high level in Brussels? How else to explain this latest ejaculation of utter nonsense?

Perhaps unsurprisingly, Hungarian Foreign Minister Peter Szijjarto condemned the latest remarks and has warned such a move could ultimately spark an all-out nuclear war. Speaking to French broadcaster LCI, Szijjarto strongly condemned the idea, saying that the French leader’s comments themselves have contributed to escalating the situation. “If a NATO member commits ground troops, it will be a direct NATO-Russia confrontation and it will then be World War Three,” Szijjarto told the broadcaster. Macron himself has moved on though since his original comments to the Parisienne magazine which kicked it all off a few weeks ago. The more recent interview with The Economist clearly shows that he has even reflected on his own rambling and looked deeper at how he could refine the narrative, presumably to get more attention on the issue. However, it’s an act of a desperate politician, which analysts interpret one of two ways; it is either a cry of help directed towards the Biden administration to do the very act themselves and send American troops there; or it is simply a PR stunt to keep him in the international press, a zone which is like a crack addiction.

Like Trump, Macron seems to want to do and say anything – no matter how absurd – to keep him on the front pages, so to speak. Of course, the reaction of Macron, desperate as it seems, is entirely logical when we consider the events on the ground. Russia is gaining territory so western elites have to prepare their media campaigns which deflect blame away from themselves which is partly what the cry from Macron and other EU leaders for expanding their militaries is all about. When Russia takes Kiev, they will all cry “we told you so” and keep on arguing for bigger military spending. The narrative really is one of a loser. It is what you would expect from the losing side preparing to retreat and to save their political careers. Macron and most western leaders do not wish western media to point the finger at a series of catastrophic errors since day one, which have collectively contributed towards the retreat.

And so now, in The Economist, we see Macron define what he laughably believes could be the criteria for sending French troops to Ukraine: Russian breaking through the lines. But even western media like The Economist knows that this is folly and the whole Macron game is really a pack of lies. And yet they keep the lies alive. Perhaps, arguably, Hungary’s recalcitrant foreign minister also helps Macron and his ramblings muster credibility simply by rising to the bait and adding media oxygen. Szijjarto talks about the possibility of an all-out war if the French leader would go ahead with such a preposterous idea and mentions the use of nuclear weapons. But is there something here that we’re all missing? A bluff which both Macron and Szijjarto are playing? You don’t have to look too far to see what it might be.

NATO is planning to put together a proposal for a 100bn dollar war chest of cash for Ukraine and the fearmongering from Macron might be aimed at scaring Hungary into not going ahead with its veto to such a package – or rather aimed at other countries who would directly lobby Hungary to sign it off. No one in NATO’s headquarters in Brussels believes for one moment that France is capable of sending troops to Ukraine who would actually fight Russian soldiers and The Economist knows this only too well which is why it is call centre journalism on their part to print such garbage, which may well have been paid for from NATO’s pocket or Macron’s. Some NATO buffs, counting down the days to retirement will remember how over 20 years ago French soldiers tried to fight Sudan rebels and were reported to have fled the battlefield when they were actually fired upon with live rounds. We are all still having a great laugh about that on the dinner party circuit in Brussels even to this day.

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Aiming for the weak spots.

There’s A Careful Plan Behind Xi’s European Tour (RT)

Chinese President Xi Jinping is on a state visit to Europe. On what is his first trip to the EU since 2019, he has visited France and Hungary and concluded the tour in Serbia. The trip comes at a pivotal moment, when European Commission President Ursula von der Leyen is attempting to flip the EU institution against China, having initiated dozens of probes on Chinese products in recent weeks. Likewise, the US has aggressively ramped up rhetoric accusing Beijing, accusing it of complicity in the Ukraine conflict, designed of course to undermine Xi’s credibility on his trip.

Despite von der Leyden’s blatant pro-US bias, it is quite obvious that the loyalty of EU nations has become the subject of a battle between Washington and Beijing for influence in the emerging geopolitical struggle. Although of course the EU is in theory aligned with the US, through its dominance of institutions such as NATO, China’s foreign policy for many years now has focused on attempting to exert all influence to prevent the EU from fully aligning itself with Washington’s goal of containing Beijing, instead seeking to preserve open economic ties with the continent. To this end China has devoted an extensive diplomatic effort to Europe, an effort it doesn’t feel worth making towards the US, or even the UK.

Continental Europe is a mixed bag, and depending on the political status quo there are some states who are favourable to China, and some who are not (such as the Baltic states), and thus China sees it important to uphold the bastion of support where it can. As a result, Xi has dedicated his visit to three countries who are currently favourable towards Beijing: France and Hungary within the EU and Serbia outside the bloc. First, France is a Western-aligned state which has always been famous for its “maverick” foreign policy derived from its position as a former empire in its own right. Emmanuel Macron in particular has always been keen to go against the grain and has continued to engage with Beijing, even visiting China himself last year.

Traditionally, the most enthusiastic large EU country towards China is in fact Germany, and that is still visible, for example in Chancellor Olaf Scholz’s visit to Beijing several weeks ago. However, German politics has become a domestic tug of war over China, as the foreign ministry is controlled by the neoconservative Green Annalena Baerbock, who has attempted to try and undermine ties with Beijing. This of course has been met with resistance from the German Industry lobby, while US-funded think tanks also try to undermine German ties with China to the best of their ability. As a result, it is not politically convenient for Xi to visit Germany, and thus he chose France, where opinions seem more comfortable with its “maverick” role.

His second destination, Hungary, under Viktor Orban has carved out a niche as being the most pro-Beijing state in the whole EU. Orban has an even more maverick foreign policy which also seeks healthy ties with Russia. However, its small size means it cannot steer the entire bloc’s agenda. Despite this, Budapest is a very important partner for Beijing because it serves as a gateway for Chinese investment and other projects to amplify themselves on the continent when doors are being shut elsewhere. Such as, building an overseas campus for Fudan University, or a Chinese electric car factory, which is critically important if the commission is wielding the threat of tariffs. But not only that, Hungary occupies a strategic position in central Europe above the Balkans which is the terminus of a Chinese economic corridor that starts with the port it owns in Piraeus, Greece. And between Greece and Hungary lies Serbia. Although Serbia is not part of the EU, it is a critically important nation in the Balkans which has stormy relations with the West owing to the massive bombing campaign NATO waged against it in the 1990s.

It is a nation which dislikes the West, but has no power to directly resist as it faces pressure to integrate into the EU, and a sovereignty issue over Kosovo. As a result, Serbia’s well being depends on its ability to court relationships with third-party powers such as Russia and China to secure geopolitical clout. For China, Serbia thus becomes another focus point, or safe-haven, to project influence into Europe. Since the Ukraine conflict began, China has taken the subtle position of opposing the expansion of US-led western institutions, recognising them as a tool of hegemony that will be used against it. As a result, strengthening ties with Belgrade has become part of Beijing’s effort to keep its foothold in the continent, both politically and economically – it has created as a commercial passage utilising its role as part of the Balkan corridor.

Hence, Xi is reportedly going to try and upgrade relations with Serbia. After all, it is a place where China can invest and thus, sell to Europe, without EU and NATO interference. It is also hoped Serbia will join BRICS eventually. Thus, while Xi’s visit to France, one of the EU’s leading states, is to ensure the bloc does not unite against Beijing, his visit to Serbia and Hungary is strategic by design in using them as projection points in ensuring China’s commercial ties with Europe can be upheld amidst resistance by powerful individuals such as Ursula von der Leyen.

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“They are doomed. Perhaps a few will be kept in zoos as examples of racist evil.”

White Genocide is in the Cards that Are Being Played (Paul Craig Roberts)

Three decades ago in my book, The New Color Line, I pointed out that Alfred W. Blumrosen, compliance chief of the Equal Employment Opportunity Commission, turned the statutory language of the 1964 Civil Rights Act on its head and used the EEOC to create race-based legal privileges for blacks, thereby reducing white Americans to second-class citizenship. In place of equal employment opportunity Blumrosen and the liberals of the time used “affirmative action” to create and enforce privileges for blacks in university admissions, hiring and promotion. These privileges created in defiance of Congress by a regulatory authority were the opening wedge against our then merit-based system and created the acceptability of racial discrimination against white Americans.

At the time the liberals admitted that it amounted to privileged treatment of a race, but said it was to be temporary in order to give blacks a leg up. It has now been 60 years, a time period that is not temporary. As I pointed out, once privilege is set in law, it becomes a property right of the privileged supported by the passage of time and precedent after precedent. Even though the racial privilege is unconstitutional, those privileged by it have squatters’ rights in the privilege. My book was favorably reviewed by Harvard Law Professor Alan Dershowitz, by Irving Kristol, editor of The Public Interest, by Judge Robert H. Bork, by the New York Times Book Review, by The Wall Street Journal, by the Washington Post, by California Governor Pete Wilson, and many others. Henry Regnery said that my book was the most important work his firm had ever published. Yet my book had zero effect.

Three decades after its publication American corporations, universities, and the US military have institutionalized racial discrimination against white Americans. 60 years too late Tucker Carlson has raised this issue with Jeremy Carl who has just published The Unprotected Class: How Anti-White Racism is Tearing America Apart. As a large percentage of the white population has been indoctrinated into seeing themselves as guilty and undeserving, the white majority is incapable of rectifying its second-class legal status. As the white American majority is rapidly disappearing under the Democrats’ policy of open borders and recruitment of immigrant-invaders into the United States, within a few years time not even the theoretical possibility of restoring American whites to equality under the law will be possible.

If you want to see your future, read Jean Raspail’s The Camp of the Saints. The Camp of the Saints is an accurate description of the fate of the Western World. We are experiencing that fate now. If you dare to know your future and that of your children and grandchildren, you can read this novel that correctly predicted our future in 1973. The book was a best seller, but the rot had already set in. Today the book is suppressed. You can read it here: As racial denigration of white ethnicities is institutionalized in every Western government, all white ethnicities can expect the same fate. The fate of white ethnicities is sealed. They have lost their countries and are reviled by their own white governments, universities, and media. They are doomed. Perhaps a few will be kept in zoos as examples of racist evil.

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It used to have an excellent reputation. Gone in just a few years.

Boeing Investigated Over Falsified Plane Records (RT)

The US Federal Aviation Administration (FAA) has announced it has launched a probe against Boeing to ascertain whether one of its factories may have omitted mandatory inspections and whether employees may have falsified records. The inquiry was begun after the company itself informed the FAA about what it called “misconduct” at its factory in South Carolina. The issue revolved around the beleaguered 787 program, according to media reports. The Boeing 787 Dreamliner is a two-aisle plane used mostly for long-haul flights. “The company voluntarily informed us in April that it may not have completed required inspections to confirm adequate bonding and grounding where the wings join the fuselage on certain 787 Dreamliner airplanes,” the FAA said in a statement. According to the agency, “Boeing is reinspecting all 787 airplanes still within the production system and must also create a plan to address the in-service fleet.”

No planes were taken out of service following the discovery, according to AP. The company only ordered additional checks at its final assembly plant in North Charleston, delaying the aircraft delivery, the news agency said. The company’s shares dropped by 1.5% late on Monday following the news. Following inquiries by the media, the aircraft manufacturer released an internal email written by the head of the 787 program, Scott Stocker, who said that a worker at the South Carolina factory noticed an “irregularity” in the required wing-to-body joint tests and reported the issue to his manager. “After receiving the report, we quickly reviewed the matter and learned that several people had been violating Company policies by not performing a required test, but recording the work as having been completed,” Stocker admitted, adding that the company was taking “swift and serious corrective action” as a result.

The development is the latest in a series of issues confronting the company. Last week, it reported that the lack of a key component was delaying production of the Dreamliner. It blamed the issue on sanctions against Russia, adding that the required parts were produced by a joint US-Russian venture. The company also recently told investors that it would not be able to deliver as many Dreamliner jets as had been planned this year due to shortages of heat exchangers and cabin seating. Monthly production of the Boeing 737 MAX has also fallen to single digits as the company is still dealing with manufacturing issues in the wake of an incident that saw a door plug blow out mid-flight on an Alaska Airlines plane in January. The 737 MAX has been plagued by mishaps, including two crashes in 2018 and 2019 that resulted in more than 340 deaths.

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“Mature fast casual dining and chip companies selling for 70x earnings are fantasy-land nonsense and yet both are the case right here, right now.”

Breathe Deep….. (Denninger)

=I travel quite a bit. Like most people I have my habits — places I like, things I go to do and if I enjoy them I’ll go back and do them again. This means I see patterns and, unlike many, I tend to notice them immediately. Perhaps its a blessing — or perhaps a curse. I just got back after one such trip; one I’ve made before and Sarah and her boyfriend both came as well (her boyfriend has not been on this trip before, but she certainly has.) They traveled separately but we met up and had a good time. If you’re in the market you ought to be making up a big fat list of things to be short — or at least be out of the things you’ve had and are long of, particularly when you can get a 5%+ risk free return in the short end (the 13 week bill, for example) of the Treasury market. I was stunned at the deterioration I saw in consumer behavior from just a month or so ago on my prior trip, and gob-smacked at the change over three months or so back when Sarah and I were out at Wolf Creek, also a place I like to go on a repetitive basis (for skiing, of course.)

There was evidence of it then on our travels which were over a large part of the same path we took back in September for our trip out to the Grand Canyon. That which was jammed full was not, and yet there wasn’t a serious price delta between those two trips; that is, while there had been lots of inflation over the previous couple of years (and it was obvious) there wasn’t anything that was a sort-of “trigger moment” associated with the change, and being winter .vs. late summer, ok, maybe it was seasonal and frankly, the delta was small. This time it wasn’t small and in addition there were serious price hikes that were attempted — and appear to have had an instant impact. I’m talking about sit-down fast-casual places I like when traveling and lots of others do too in that they’re always slammed to the point that if you want to eat there during the dinner hours I hope you like their “get a sort of reservation on their app” thing or sit at the bar if its just one of you — because if not you might be waiting an hour.

Well, that was gone. And not a little gone either. The place had plenty of tables with no wait and the parking lot had lots of spaces too. But it wasn’t one place — on the way home I stopped at another I’ve been in a dozen times over the last five or so years, again, at dinner time, and a third of the tables were empty. But what else was shocking? A roughly 40% total price increase over a couple of years ago and of that 10+% that just got tacked on with all the menus having just been reprinted in the last couple of weeks. It appears that last grab for cash finally hit people’s pain points and they stopped showing up. I also saw “fast food” style places co-located with fueling stations on the highway shuttered and boarded up — and that’s entirely new, and of other chains I pay some attention to during the same times in the afternoon and evening their parking lots are half-full or less.

Yes, this is “shoulder season” — or is it? Not really. Its graduation season and a lot of people are in fact traveling for precisely that reason; in another few weeks it will be the start of “traditional summer” with Memorial Day. Folks, there are no rate cuts coming because there can’t be into this government spending level without an explosion in inflation. Without taking on the place in the federal spending game where all the money is going (that’s health care) there is no fix. Attempting to work around it with more offshoring, more robots, more data centers (and “ai” in them) and similar won’t work either because you can’t print money — you can only print credit and to obtain money someone has to do something of value for someone else in excess of its costs.

When costs ramp that excess closes and eventually goes negative — and at the point it does that activity becomes uneconomic. If you continue to do it through various machinations such as the government playing handout games you run the risk of an exponential runaway and collapse. But what you should keep in mind is that never in reasonably-modern history do markets let you get to that endpoint. They didn’t in 2000 or in 2008 either. All the hollering about “subprime being contained” proved to be nonsense; the underlying bubble that “supported” the charade was seen through before the endpoint and the market imposed its own view of things whether policy makers liked it or not. Mature fast casual dining and chip companies selling for 70x earnings are fantasy-land nonsense and yet both are the case right here, right now.

I get it that nobody likes the implications of prices having to collapse by a third to come roughly into line with incomes, but its fact. Further its at least double that in the capital markets because common stock always has an element of leverage in it (otherwise why would it sell at a “multiple” of earnings at all — and yet it always does, does it not?) The believe that The Fed “must” or “will” step in and prevent such a reversion to the mean is absurdly common — after all, they have stepped in through the last two decades (or even more) but in doing so each time they’ve made the imbalance worse and now the exponential nature of such deficit spending and debt load are here rather than a future problem. For those who believe that it will “never fail” or worse, that you’ll get plenty of warning before something serious breaks I have three words for you: SOLD TO YOU.

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Home Forums Debt Rattle May 8 2024

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    Pieter Bruegel the Younger St. George’s Kermis with the Dance Around the Maypole 1634   • Trump Classified Documents Trial Postponed Indefinitely
    [See the full post at: Debt Rattle May 8 2024]


    I believe it’s holed below the waterline.

    The wayback machine: money, money, money?!

    June 3, 2019: The highly-touted $4.7 billion Woodford Equity Income Fund in the U.K. froze withdrawals by investors. It had too many illiquid securities.

    July 7, 2019: Deutsche Bank, the large German bank that is heavily intertwined via derivatives with the behemoth Wall Street banks, confirms it is slashing 18,000 jobs.

    July 29, 2019: Bloomberg News runs this headline: “Citi to Cut Hundreds of Trading Jobs in Bad Wall Street Omen.”

    August 8, 2019: Reuters reported that the amount of foreign sovereign debt carrying negative yields had “increased to an all-time peak of $13.2 trillion.” This was an increase of 13.4 percent from just a month earlier. Large, rapid inflows into government bonds, which drives down the yield, signals a flight to safety from a financial storm.

    August 14, 2019: The Wall Street Journal reported that “Investors continued their run on bank stocks, sending shares of some of America’s biggest financial institutions sharply lower following the latest sign of trouble ahead for the U.S. economy.” On this day, the Dow Jones Industrial Average plunges 800.49 points, or 3.05 percent but the shares of two of the biggest Wall Street banks, JPMorgan and Citigroup, significantly outpaced those losses. JPMorgan Chase lost 4.15 percent on the day while Citigroup gave up 5.27 percent. Also on this day, for the first time since the onset of the financial crisis in 2007, the U.S. saw an inversion of the yield curve, with the 2-year Treasury note yielding more than the 10-year note. An inverted yield curve is viewed by market veterans as a harbinger of an economic downturn. Also on this date, the Financial Times reported that Germany’s economy, the economic engine of Europe, had contracted in the second quarter and its annualized growth was now the slowest in six years.

    August 30, 2019: Buenos Aires Times reports that more than a dozen “Argentine mutual funds block redemptions as locals rush for exit.”

    September 17, 2019: The New York Fed announces it is intervening in the repo loan market for the first time since the financial crisis of 2007-2010. The Fed says it will provide a maximum of $75 billion per day to 24 Wall Street trading houses (primary dealers) with a cap of $40 billion going to any one firm. (This large cap suggests the New York Fed knows that one or more specific firms are in trouble.) There had been no news reports of coronavirus COVID-19 anywhere in the world at this point.

    September 20, 2019: Three days after launching its daily $75 billion of overnight repo loans, the New York Fed announces that these will continue but it is also adding $30 billion in 14-day terms loans that will be offered three times during the week of September 23. This is a clear indication that banks have backed away from lending to other financial institutions, just as happened in the financial crisis of 2007 to 2010.

    October 1, 2019: Reuters’ David Henry reported the following: “Publicly-filed data shows JPMorgan reduced the cash it has on deposit at the Federal Reserve, from which it might have lent, by $158 billion in the year through June, a 57% decline.” Why did JPMorgan need that massive amount of money from its reserves at the Fed?

    October 4, 2019: the Fed announces that it will be offering an additional $310 billion in repo term loans to the trading houses on Wall Street as well as offering at least $75 billion daily in overnight loans.

    October 11, 2019: The New York Fed announces that on top of its overnight and term repo operations, it will begin buying up $60 billion of U.S. Treasury bills monthly (to add further liquidity to dampen the Wall Street crisis).

    October 14, 2019: Lime Asset Management, a top Korean hedge fund, freezes $710 million as investors try to make withdrawals.

    October 23, 2019: The New York Fed announces that effective October 24, it will increase its daily overnight repo loans from $75 billion to $120 billion – an increase of 60 percent – while 14-day term repos will also continue. Clearly, there is a cash crunch on Wall Street that is getting worse, not better.

    November 12, 2019: Wall Street On Parade files a Freedom of Information Act (FOIA) request with the Federal Reserve seeking emails and correspondence related to why JPMorgan Chase needed to reduce its cash reserves at the Fed by $158 billion. Wall Street On Parade does not receive a response to its FOIA request until March 11, 2020. The response, under the law, should have come within 20 business days. Instead, it came four months later with no explanation for the delay. The Fed conceded that it had 223 pages of relevant documents but it was not going to be sharing them with Wall Street On Parade.

    December 4, 2019: The £2.5 billion ($3.3 billion) U.K. commercial real estate fund, M&G Property Portfolio gates (lock outs) investors from withdrawing their money. Prudential’s property funds act quickly to do the same. At the time of the gating, M&G Property Portfolio had seen outflows of 25 percent through the third quarter.

    December 5, 2019: Bloomberg News reports that “U.K. real estate funds have suffered 14 successive months of outflows.”

    December 9, 2019: CNN reports that Morgan Stanley is cutting 1500 jobs.

    December 12, 2019: The Guardian reports that other property funds in the U.K. have seen a wave of redemptions and “the core of the problem with property funds is their exposure to beleaguered assets in the retail sector, such as shopping centres and malls, where shops are going bankrupt and rents are falling.”

    December 12, 2019: The New York Fed announces that it will add an extra $185 billion of liquidity over the turn of the year on top of the ongoing repo loans.

    December 23, 2019: The Wall Street Journal reports that “Hedge-fund firms York Capital Management and Southpaw Asset Management are barring clients from getting back all of the money they have requested for year-end, a sign of the pressure that investors in distressed assets are facing.”

    December 31, 2019: According to eVestment, there were massive outflows from hedge funds and mutual funds in 2019. Traditional asset managers reported outflows in 2019 of a negative $210.7 billion while hedge funds saw outflows of a negative $102.25 billion in 2019.

    January 27, 2020: Wall Street On Parade, using the New York Fed’s own Excel spreadsheet data on its repo loans, publishes the finding that the New York Fed has pumped out a cumulative $6.6 trillion in super cheap loans to the trading houses of Wall Street with no explanation as to whether Wall Street banks are experiencing a funding, liquidity or insolvency crisis.

    February 29, 2020: CNN reports first coronavirus COVID-19 death in the United States occurred one day earlier.

    Investors Were Being Blocked from Fund Withdrawals Months Before the Pandemic

    Dr D Rich

    This morning i was awoken by a loud semi-human screech.
    ….it was either Dr D”s war cry or his orgasmic vocalization in response to Intelligent Marine corps officer S. Ritter being back in house after a seemingly interminable hiatus.

    I. Am. So. Looking forward to former intelligent Marine corps Scott Ritter’s post mortem analysis on DoD”s and MIC’s selection and assignment of a prospective Pedophile to strategic positions. Prospective Pedophile CAPT BRUCE MENELEY was assigned by DON and FoD as commanding officer at two GWOT strategic locations GITMO and Afghanistan.
    These assignments were in lieu of The Federal Anti-Child-Sex’Trafficking Task Force’s assassination without due process of captain commanding officer Bruce Meneley April 17, 2024 at the Doubletree Hotel Seatac Washington.
    Belatedly Bruce left so much unsaid, sadly.

    I suppose all can agree Scott Ritter possesses expertise in many regards to Bruce’s situation. Scott could expertly explicate the simmering summary execution situation. Even here, some say Scott was unfairly maligned and mistreated. Ritter should apply his sense of injustice to The CAPT Bruce Meneley Medical Corps United States Navy M.D. Imbroglio and pen an essay.

    I for 0ne might read it.

    John Day

    Serbia is technically “in Europe”, hence Ursula can visit to tell Xi he is hurting the European economy, not the US bombing Nordstream, and such. That’ll be “off topic” at this visit. Xi moved on.

    China’s Xi In Serbia Says ‘Never Forget’ This Unprecedented US Atrocity

    Dr. D

    “AfD Politician Convicted For Warning About Gang Rapes

    Post truth society. Truth is arrested and jailed wherever it’s found. Now how well do societies work on this basis? Good? Or Bad?

    “AstraZeneca Pulls Covid Vaccine After Admitting Rare Side Effect

    Safe and Effective.

    “Yes, The Constitution Does Matter… A Lot
    Suffice to say that without the Constitution, America would be an entirely different place.

    The Constitution doesn’t protect you: WE do. It’s our belief in it, not the paper. This is important because if IT saves you, then it’s outside of you, it’s the Government, so to speak. If it delineates our BELIEFS, that is, our best distillation of TRUTH, then it’s entirely different. It’s the latter. Any Government that does not adhere to Physics, Natural Law, will inherently be in conflict with the people and will be destroyed. THAT is the point and message of the Constitution. It will be destroyed by being discredited and lose the consent and support of the people. YOU. Me. Everyone. It can’t get anything done, no one signs up for the military, and it ends. The Constition is a warning and limit on GOVERNMENT, not us.

    “FBI File On Jeff Bezos’ Grandfather, A DARPA Co-Founder, Has Been Destroyed

    Like Bill Gates. Self-made man. …He Just grew up where IBM CEO sat at the dinner table with him and his father, discussing Black-killing eugenics. I’m sure we all grew up like that though, right? …And that’s why Bill Gates is the world’s most famous doctor today…

    “Rural Western North Carolina Community Protests ‘Covert’ Plans For EV Battery Plant

    Government now always involved in business. Business can never exist without government. A perfect merger where the State controls the means of production.

    “’Clothes Off, Bra On, Missionary Position’: “I just think I blacked out.” Stormy Goes Into Specifics During Trump Trial

    You mean the woman who also legally testified this did NOT happen? She and Cohen are peas in a pod.

    “Will foreigners be able to choose our next president?”

    Clearly all Russian should all vote as that’s okay now. Oh wait: they already rigged our last two elections. Right CNN, Fox?

    …But not 2000, and AIPAC has no influence in lobbying, media.

    “• RFK Jr. Challenges Trump To Debate (RT)

    This would be good as we haven’t had a third party turnover in 100 years. BOTH parties need to be destroyed and replaced but that’s not game-theory practicable. And he shouldn’t be afraid of expressing his own ideas. I understand how things are now, but in the larger picture, with a sane population, this should be done.

    “the foundations of Russian statehood include “interethnic harmony, the preservations of the traditions of all peoples living in Russia”

    This is the key intolerable for the “Garden People”. Europe and the Europhile racists that now dominate the U.S.: “Harmony”. Order. The Tao, the Way. They, the Anglos, MUST have divide and conquer. And that means non-stop conflict, every day, forever. And Why? So they can steal.

    ““In 1999, Russia wasn’t facing attacks from without from foreign influence, but rather attacks from within,” Ritter said, pointing to the deep infiltration of Western economic and political interests, and Western values, both into Russia’s government, and among ordinary citizens. “This was a Russia that had lost touch with itself,” the observer said. Over Putin’s tenure, Russia has gradually “purged” itself of these attitudes, Ritter said, with the conflict in Ukraine serving as a catalyst accelerating Russia’s transformation, forcing elites and ordinary citizens alike to reconsider who they are and what defines them.”

    That’s us. As usual, whatever you do to others happens to yourself. It’s a long slog, like for them, but that’s okay. Church and morality will be the key, or the indicator. Like Kunstler and many other, former normal Americans, going through the 90s have said, “If there’s no such thing as evil I want my money back.” That is, there’s now no other explanation.

    ““.. to bring about a fundamentally new quality of life for our people and a real, tangible increase in their prosperity.’”

    That’s the other Intolerable here. El Salvador, Venezuela, Iran, how dare they increase their people’s GDP and happiness by increasing BP’s pumping fee by 2%! This Aggression Will Not Stand!! #EconomicHitMan.

    “There is systemic racism in the United States, against whites.”

    Yes, and also racism against other groups too, although less openly and less proudly. Gee, it’s almost like you can’t legislate what’s in people’s hearts and souls. Like you can’t outlaw emotions, like hate. But why is that? Because you will always get more of this unless you follow Dr. King’s Dream of “Content of your character and not the color of your skin.” They do the #Opposite. Ask them. They’ll very proudly say so.

    “It used to have an excellent reputation. Gone in just a few years.
    • Boeing Investigated Over Falsified Plane Records (RT)

    Clearly there is a very powerful, very high-level, 1st order attack on Boeing. Why or from who I don’t know, or why. Like: why??? Sure they’re douchebags, and they’ve been dropping, but not like this. This is clearly someone planting/bribing/forcing. And it’s odd there are no suspects at all. Okay, qui bono? If you take out Boeing as this clearly plans, what happens next? Dow drops a little, Airbus picks up the slack? So? Why?

    These guys don’t hide because the people are so credible there’s no need. They can tell you, poke you, take a picture, send it to you, print it in Time Magazine, and you’ll STILL cover for them, deny it, and believe Daddy is good. But if this is a set-up, which seems it has to be, whoever it is is hiding AND very deft and clever, with no narcissistic traits that they need to show off. Who is that? And the whistleblowers seem actually dead, so how does that fit?

    ““Mature fast casual dining and chip companies selling for 70x earnings are fantasy-land nonsense and yet both are the case right here, right now.”
    • Breathe Deep….. (Denninger)

    Yeah, we’re unaccustomed, it’s “Impossible” because none of us by definition have lived in a hyperinflation. — They don’t last long. What do we have? Fed still on it (AND bankrupt, AND banks are failing, admitted one by one) AND TRILLION dollar deficits, AND $1 TRILLION every 100 days, AND “no unemployment” AND a collapsing economy.

    So…if everything’s so great, Powell, Biden, why you need this stimulus, any stimulus at all? (He asks since 2001). Both. Neither. Ai.

    Keynesianism would say (who are all the #Opposite of Keynes, but being #Anti is their trademark) that can’t happen. But it can and does often and there are 100 books on it. Every nation in South America knows, France, Germany, Hungary all know. You print money, this happens. And all the money rushes to the Rich speculators who can protect themselves and capitalize…until it doesn’t and collapses. The poor are wiped out, income disparity goes infinite, no one is safe, and no work is done. Perfect route to poverty and misery. And all you have to do is be honest and stop. But when criminal and gamblers are honest, they will lose all their power to useful, productive people and shrink, fail, stop. So they can’t. Think George Bush or Joe Biden can be elected without wild over the top widespread corruption? Infinite money to pay for it? Nope. So they would all be janitors after closing at Cracker Barrel, Wilkes-Barre. Their kids too. And who wants that?

    As they say, you can vote your way into it, but shoot your way out of it. Maybe we’re not that far, but it’s a chilling truth.

    For me, cars everywhere still, can’t understand it. Stores “full” or adequate, talk to them, everybody’s broke, about to bankrupt. Why you spending money then? Nothing matters and anything goes. Why? Because it’s the same since 2000, saving money would have crushed you then, it crushes you now, yet no one went bankrupt so why should they now? That is, the entire system is unmoored from reason, logic, #Logos. Has been for a generation now. Stupid things win, smart, hard work fails. And vice versa, in monkey dart board fashion. All feedback, consequences, have been removed. Or randomized, more. This is the hallmark of late-stage inflations and currency collapses. >>>>> You are Here. <<<<<

    John Day

    @Red: The reason for pandemic-lockdowns while “Going direct” to TBTF failing financial casinos.

    John Day

    #Dr.D: I can’t tell when the $US crash will happen, but it sure could be this year.
    Trump needs to debate Bobby Jr. The polling is moving to these 2 being the contenders.
    Trump had to go on the attack against Bobby. “Biden” is a ghost.


    “the foundations of Russian statehood include “interethnic harmony, the preservations of the traditions of all peoples living in Russia”
    I beg to differ. Russians are becoming increasingly homogenised to the borg of globohomo. Siberians used to live very differently, speak very differently, travel very differently etc. They are losing traditions faster than us in the west who lost them to Macdonalds coke and rock n roll a looooooong time ago.

    Putin talks out his arse. He is a protectionist arm of the Iron Bank.

    Dr D Rich

    God, I love this built-in editorial to President Xi’s timely and appropriate citation of NATO/America’s attack on the Chinese Embassy in Serbia 25 years ago. Some ((ppl)) just have to stay center-stage.

      (Xi’s) emphasis on the line “never forget” is interesting given it is a common line used by Americans when it comes to remembering the 9/11 terror attacks, as well as in the West when it comes to Holocaust remembrance days.

    Gotta love the ((West))….the ((West))

    Leave me outta that ((West))


    French ‘legionnaires’ are nothing more than mafia goons for the French Satanist faction of the Global Satanist.

    They are the ‘muscle’ for the French Pimpocracy extorting resources and rent from colonies.

    The ‘glory’ days of French rent extraction from third world nations is over.


    Little Napoleon is crying a river.

    The price of uranium for French nuclear reactors is set to jump up four or five hundred percent because the African nations want the going global price for their commodities.



    Macron is so fast he finished wanking off before Hollande

    He is at peace after choking his chicken



    Concise…..Rabbi quotes that make your stomach churn

    Doc Robinson

    Craig Murray, former UK ambassador and whistleblower, posted this (“the cover photo of my book”) a couple days ago.

    Starmer Smashed in Blackburn

    Dr D Rich

    “We, the United States, shouldn’t be wasting money, taxpayer dollars, on those people in the Middle East.”
    ….regarding the Palestinians in particular, Muslims in general

    “The United States commitment to Israel remains strong and unwavering.”
    ….U.S. taxpayer dollars can never be said to be wasted on a Middle East country, Israel.

    Is anti-Catholic antipathy as bad as anti-Jewish, anti-semitic bigotry?
    When ((they)) burn and hang me, an individual, in effigy is that as bad as anti-semitic bigotry or am I, as the individual burdened by the requirement to get along in the society the way it is in the way, let us say, a small group isn’t required?
    What size above 1 does the rule apply?


    PEACE according to Russia and China
    “.. to bring about a fundamentally new quality of life for our people and a real, tangible increase in their prosperity.’”

    Peace according to USA and proxies/NATO
    normalize relations
    ” … accept my way or the highway”


    #1 • There’s A Careful Plan Behind Xi’s European Tour (RT)

    #2 • White Genocide is in the Cards that Are Being Played (Paul Craig Roberts)
    The New Color Line -Three decades ago in my book,,
    End of A merit-based system
    privileged treatment of a race
    the acceptability of racial discrimination
    #3 The Unprotected Class: How Anti-White Racism is Tearing America Apart.
    the white American majority is rapidly disappearing
    within a few years time not even the theoretical possibility of restoring American whites to equality under the law will be possible.

    #4 The Camp of the Saints – Jean Raspail 1973
    If you dare to know your future and that of your children and grandchildren,
    #5 the automatic earth
    Uncontrolled Knowledge/information/choices

    John Day

    Another Trump Trial Derailed: Fani-Donating Judge’s Decision To Keep Her On RICO Trial Under Scrutiny By Appeals Court


    Casino Economy
    As the mid nineteen sixties rumbled across the landscape of the United States plans and methods for offshoring the manufacturing components of the US economy were in place. The demise of labor in the manufacturing sector a foregone conclusion. The real destruction of labor was not in the manufacturing sector, the residential labor component of the United States economic engine was the real target of the destruction of labor.

    The post WWII growth of the United States was fueled by labor. The residential housing sector was the number one consumer of “Made in America”. A home built in the US, during the post war boom, utilized products from every sector of the US economy. The housing market drove the economy of the US and the housing market was driven by labor. The United States workers, from the hands on the land clearing machines to the hands installing the appliances and nailing the shingles, were the fabric of the nation. The post WWII United States could not have been built without the working people.

    The workers in the residential housing market were the first subjected to the “gig economy”. Before the end of the nineteen sixties hourly employment in the residential sector was subjected to the concepts of “casual labor” and subcontract labor. The employers share of FUTA and FICA was placed squarely on the backs of labor. The workers in the casual labor arena were typically made subcontractors at the same hourly wage without the addition of payroll taxes. Of course the hours were set and tools supplied, the statuatory basis for defining employee, but everyone from the Oval Office to the local savings and loan participated and profited from the fraud. The builder pocketed the payroll taxes and the workers had a decrease in income and an added burden of record keeping. The great underpayment of FICA and the bankrupting of Social Security had begun. The residential housing market became home of one of the greatest tax frauds in the history of the US. Today the use of undocumented labor combined with tax evasion makes the US housing market RICO Heaven.

    The growth of the money supply, in the US, is one of the easiest data sets to acquire and analyze. The most simple analysis reveals the simple fact that a free market was not desired. The economy of the United States moved from one of productivity to one of extraction. The casino was opened. Productive labor was demonized as it was being destroyed.

    The sub-prime lending phenomena of the early twenty first century was the pinnacle of the extractive economy. The reality that equality of demand meant equality of outcome was not a mystery to the economic planners of the day. Human ingenuity and love of life meant that there would be competition. Where there is competition there is randomness and risk. What to do? What to do? Finalize the rigging of markets begun with the Federal Reserve Act of 1913. Inflate the money supply at a rate higher than the creation of real wages and skim the spread. In the residence flipping crime spree open collusion was the virtue of the day.

    Finalizing the destruction of labor was accomplished during the Reagan administration. Who is really supprised that “Supply Side Economics” and Modern Monetary Theory accompanied the final destruction of labor and the productive economy. There are many who wish to believe that the trajectory of the western economies has taken an unexplained and unanticipated path. The US economy was gasping for breath on 9/11 and is now on the verge of cadaveric spasm. Controlling the supply of money(dollars) has proved itself to be a fools errand. The fools in charge have no alternative, that would have meant planning for competition and not for hegemony.

    Efficent allocation of capital – when pigs fly.

    John Day

    15,000 Gurkha allegedly join Russian forces amid Ukraine conflict

    15,000 Gurkha allegedly join Russian forces amid Ukraine conflict


    The Real Truth About Macron by Jay is pure BS.
    Macron is doing his ruling psychopath’s bidding.
    He is putting French troops in Ukraine as a placeholder.
    After Biden is re-elected in 2024, US boots on the ground becomes a reality.
    Got to protect the value of those Ukrainian govrt24! bonds!
    Ukraine isn’t ending, it is just getting started!

    Why aren’t the Gaza Palestinians all dead yet? /s

    Since all the whistle blowers are dead Boeing is now fixed!

    Notice how msm now suddenly focusing on RFK?
    Notice internet has been scrubbed of earlier RFK stuff?
    Notice new money being spent on RFK?

    Biden will be re-elected.


    Forgotten by MSM while talking about the demonstrations, over 35,000 Palestinians have been murdered by Israel.


    Pro-Palestinian GWU Student “Tribunal” Calls For Campus Leaders To Be Beheaded On Guillotines

    Between the neomarxists meatsuiting a legitimate protest movement and the paid provocateurs meatsuiting the meatsuit to discredit them, I don’t think there’s any point to—-

    Wait, go back a bit, what was it you were just saying? Decapitate all the College Administrators?

    Y’know what, that DOES sound just awful, but it just occurred to me I really don’t know enough about this issue to raise a definite opinion, demand that any actions be taken, and anyway I just remembered somewhere I had to be just now… carry on without me.


    Dr D Rich

    Mark Milley, he of The Chair Joint Chiefs, on the ongoing Israeli/Jewish slaughter of civilians in Palestine, a sort of actual ritualized beheading of innocents:

      “We also slaugthered innocent people in massive numbers” Former US General Mark Milley provides a bizarre justification for Israel’s slaughter of civilians in Gaza. “Before we all get self-righteous about what Israel’s doing, and I feel horrible for the innocent people in Gaza that are dying. But we shouldn’t forget that we, the United States, killed a lot of innocent people in Mosul, Iraq. […] We slaughtered people in massive numbers – innocent people who had nothing to do with their government,” Mark Milley, US retired general who served as the 20th chairman of the Joint Chiefs of Staff

    Milley forgot Fallujah and Haditha. Haditha got me labeled Hannibal Lecter and John Murtha death threats. Come to think of it being labeled Hannibal Lecter is worthy of the death penalty, right?
    We can’t really seen to be critical of Mark because he is the epitome of the society we have and our duty is to get along in it or else we won’t be seen as getting along with the program.
    Where are my speaking engagements?
    Where is my website?
    Where is my endowed chair?
    Where are my 4 stars?

    Mark Milley and Bruce Meneley, megalomaniac and minor psychopath side by side. Well, they both got along. Fuck ’em both.


    Douglas Macgregor – Judge Napolitano


    Jeffrey Sachs: The War Parties and the November Election


    On Wednesday, May 8, during the morning peak hours, at the request of Ukraine, an emergency supply of electricity from the power systems of Poland, Romania, and Slovakia is carried out, while in the evening hours, restrictions on electricity consumers may be applied.

    The reason is a shortage of electricity in the power system. It arose due to new damage to the equipment of Ukrainian power plants caused by russian strikes,” the message says.



    Applying HATE controls
    Sens. Roger Marshall (R-KS) and Marsha Blackburn (R-TN) have introduced a bill that would designate student protesters “Terrorists” and add them to the “No Fly List” (with zero judicial oversight) for protesting Israel, which is deemed “violence against the Jewish people”!
    S.4274 — 118th Congress (2023-2024)
    A bill to require the Federal Bureau of Investigation to place on the No Fly List individuals who have supported foreign terrorist organizations, encouraged crimes of violence against Jewish persons, or been disciplined by an institution of higher education in relation to such conduct.
    Sponsor: Marshall, Roger [Sen.-R-KS] (Introduced 05/07/2024) Cosponsors: (1)
    Committees: Senate – Judiciary
    Latest Action: Senate – 05/07/2024 Read twice and referred to the Committee on the Judiciary.

    Hate runs deep when you refuse to follow orders

    S.4240 — 118th Congress (2023-2024)
    A bill to establish that an individual who is convicted of any offense under any Federal or State law related to the individual’s conduct at and during the course of a protest that occurs at an institution of higher education shall be ineligible for forgiveness, cancellation, waiver, or modification of certain Federal student loans.
    Sponsor: Cotton, Tom [Sen.-R-AR] (Introduced 05/02/2024) Cosponsors: (18)
    Committees: Senate – Health, Education, Labor, and Pensions
    Latest Action: Senate – 05/02/2024 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.


    Control – bury the truth
    People buried alive at al-Shifa Hospital: Gaza health official
    Motasem Salah, director of the Gaza Emergency Operations Centre, says medics recovered more than 50 bodies from the mass grave at the medical complex since Tuesday.

    “There were also bodies in the reception and emergency department. Part of the department was completely demolished, and the rubble and debris were moved over the patients,” Salah said in a video message.

    “The bodies we found were on beds at the reception and emergency department, meaning Israel destroyed the department over the heads of sick and injured people – and they were buried alive.”


    Official Rocket Science via UKturdistan


    Dr D Rich

    Now the Poles, my ethnic folk, are going mad under the pressure of my country’s nutjobs and NATO. Calling sane actors “traitors” is so much psychological projection. They’re emulating those Zionist critical thinkers 24/7.

      Whoever is fleeing Poland to Belarus to slander Poland and the NATO community of which we are a part is a scoundrel and traitor,” Stanisław Żaryn, an aide to President Andrzej Duda, told reporters in Warsaw.

      Foreign Minister Radosław Sikorski said: “It’s shocking information that I’m finding hard to comment on.”

    Dr D’s greatest President, Ike Eisenhower, then a General and long after avoiding combat in WWI executed a Pole, American citizen Pvt Eddie Slovik for far less than this Polish judge did.
    Good order and discipline and all that happy horseshit.

    Dr. D

    Dr. Rich: Have you called Garland Nixon and Danny Haiphong for a booking and told them what you’d say? Not sure who’s keeping you off the circuit, sounds spicy.

    I think you misunderstand me. It’s more like these guys are so bad, EVEN Eisenhower warned about them. That’s why his warning has special merit.


    AstraZeneca has announced the global withdrawal of its COVID-19 vaccine, which the pharmaceutical company is attributing to a dip in demand.

    It comes after the drugmaker reportedly made an admission about reactions to the immunisation.

    The company had previously admitted in court documents the vaccine causes rare and dangerous side-effects, including blood clots and low blood platelet counts, multiple world media outlets reported


    Waiting for Pfizer to do the same.


    Peg leg shot off his foot

    U.S. revokes some export licenses to sell chips to Huawei in a bid to curb China’s tech power
    PUBLISHED TUE, MAY 7 202410:42 PM EDT
    Sheila Chiang

    The U.S. on Tuesday said it revoked certain licenses to sell chips to China’s Huawei, in its latest efforts to curb China’s tech power.
    “As part of this process, as we have done in the past, we sometimes revoke export licenses,” a Commerce spokesperson said, declining to comment on specific licenses. “But we can confirm that we have revoked certain licenses for exports to Huawei.”
    Huawei’s consumer business is seeing a resurgence after launching the Mate 60 Pro smartphone in August.


    The US Federal Aviation Administration (FAA) has announced it has launched a probe against Boeing to ascertain whether one of its factories may have omitted mandatory inspections and whether employees may have falsified records.

    I wonder how much of this is being done to attack civilian travel – to save the planet for the wealthy – and how much is genuine. Sure, Boeing’s reputation, built by the good workers of the past, has been raped by its current management, using its reputation to make them wealthy and to pander to the short term whims of its shareholders.

    The current Boeing news shocks are part of the demolition of Boeing, but why? And are they just trying to demolish the civilian side or will they also demolish the defence side. QA and other backbones of good engineering may be compromised at Boeing, but the sudden wave of bad news implies it is a concerted campaign. There are plenty of retired folks in the USA who can be brought back from retirement to consult with Boeing about QA and their other problems, but they are not interested, it is almost like a Covid campaign.

    Remember the African leaders murdered for being in contempt of Covid; now we have whistle blowers murdered for being in contempt of Boeing. Something weird is happening. In any case, you can see that the emphasis is on “whether employees may have falsified records”, not on whether management is trying to destroy the company so should have their license to build aircraft suspended. Always the “employees” who get blamed, not the CEO who is raping the company for his rich friends.


    Doc Robinson said

    Craig Murray, former UK ambassador and whistleblower, posted this (“the cover photo of my book”) a couple days ago.

    Looking down the list of election winners, not one has a traditional English name, they are all middle east and Indian names. The UK is no more.

    John Day

    Transformation Underway

    Please consider again that the tensions between global power blocs and their elite owners are primarily caused by a contracting base of production of material wealth in a world where debts owed to these owners exceed what might ever be paid by the productive economies many times over. The Ponzi scheme of borrowing more to pay debt service is so strained, and complicated by hidden movements of debt, like “shadow banking”, and especially by interlocking unregulated derivatives contracts across the financial world. These contracts were stabilized after 2008 by making their holders, gamblers in capital markets, Super-senior to all other financial system participants, such as people with bank accounts and “holdings” of stocks and bonds.
    The primary political problem for societies to manage is the looming “Great-Reset”, which is an “assignment of losses” of something like 90% of financial portfolios across all classes, notably financial service behemoths like BlackRock, all banks and shadow-banks, retirement and insurance sectors. All the liquidity of daily business deals and shipping are managed through credit, and credit will collapse with the collapse of unstable, over-leveraged, $US-based global finance,
    The shutting down of normal economic activity is the shutting down of the process that produces and distributes, food, water, fuel and all of the necessary goods and services of our economic life support systems. Emergency powers are always declared, and some other fiction is desired to pretend that climate-emergency or pandemic, or even a terrorist attack on banking or electrical systems is the cause. Some external-enemy other than bankers, powerful family dynasties and their corrupt political servants is urgently “needed” to preserve the hierarchy of debt slavery which now exists. Power rivals to the western oligarchs include Russia and China, and their heads of state, Putin and Xi, who are clearly not attacking the western financial system as it bleeds to death from self-inflicted wounds.
    Individual humans need to avoid getting killed or starving to death in this coming reset. It has long been progressing gradually, but the “financial crisis” may begin this year.
    Individual humans are at a great disadvantage, however, against the corporate, government, police and military machinery which serves the current “ownership” dynasties. Human cooperation in productive work is the core of all economy and all “wealth”. Humans are well equipped to cooperate for the common good. This core trait of humanity has been somewhat hijacked in modernity by the effectiveness of monetary economy and bureaucracies at providing food, water, shelter, fuel and transportation through industrialized economy. People have been atomized out of their families as working-parents, out of their extended families to keep a job or advance a career, and out of civic engagement by being too busy. Enabling all of this atomization of human-relationships has been the direct financial lifeline to corporate and government bureaucracies.
    It is humanly prudent now to make relationships, consider how to live for a month without your bank or the internet, maybe without electricity, and to practice friendship. I continue to practice prayer and meditation, inner-work, which may also benefit our world.

    Alastair Crooke, The Beast of Ideology Lifts the Lid on Transformation
    The Transformation is accelerating. The harsh, often violent, police repression of student protests across the U.S. and Europe, in wake of the continuing Palestinian massacres, exposes sheer intolerance towards those voicing condemnation against the violence in Gaza.
    The category of ‘hate speech’ enacted into law has become so ubiquitous and fluid that criticism of the conduct of Israel’s behaviour in Gaza and the West Bank is now treated as a category of extremism and as a threat to the state…
    ..Today’s stifling of any criticism of Israel’s conduct – in blatant contradiction with any western claim to a values-based order – reflects desperation and a touch of panic. Those who still occupy the leadership slots of Institutional Power in the U.S. and Europe are compelled by the logic of those structures to pursue courses of action that are leading to ‘system’ breakdown, both domestically – and concomitantly – provoking the dramatic intensification of international tensions, too.
    Mistakes flow from the underlying ideological rigidities in which the ruling strata are trapped: The embrace of a transformed Biblical Israel that long ago separated from today’s U.S. Democratic Party zeitgeist; the inability to accept reality in Ukraine; and the notion that U.S. political coercion alone can revive paradigms in Israel and the Middle East that are long gone.
    The notion that a new Israeli Nakba of Palestinians can be forced down the throats of the western and the global public are both delusional and reek of centuries of old Orientalism…
    ..Frank Furedi writes: “Today, the anticultural exercises a powerful role in western society. Culture is frequently framed in instrumental and pragmatic terms and rarely perceived as a system of norms that endow human life with meaning. Culture has become a shallow construct to be disposed of – or changed.
    “The western cultural elite is distinctively uncomfortable with the narrative of civilisation and has lost its enthusiasm for celebrating it. The contemporary cultural landscape is saturated with a corpus of literature that calls into question the moral authority of civilisation and associates it more with negative qualities.
    “De-civilization means that even the most foundational identities – such as that between man and woman – is called into question.” …
    ..(Polonyi) Prior to the 19th century … the human way of being had always been ‘embedded’ in society, and that it was subordinated to local politics, customs, religion and social relations i.e. to a civilisational culture. Life was not treated as separated into distinct particulars, but as parts of an articulate whole – of life itself.
    Liberalism turned this logic on its head. It constituted an ontological break with much of human history. Not only did it artificially separate the ‘economic’ from the ‘political’, but liberal economics (its foundational notion) demanded the subordination of society – of life itself – to the abstract logic of the self-regulating market. For Polanyi, this “means no less than the running of society as an adjunct to the market”.

    Surplus Energy Economics, At the limits of monetary possibility
    The very structure of the financial system makes a future shock inescapable. Over the past twenty years, and depending on the definitions used, each dollar of growth in the global economy has been accompanied by between $3 and $8 of newly-created financial liabilities.
    Simply stated, the financial system has been allowed to grow far more rapidly than the underlying economy itself, and this creates a wholly unsustainable set of trends which will lead to a drastic reset of the relationship between the economy and the financial system…
    ..We could, at some later date, explore the process of credit creation within the regulated banking and the unregulated “shadow banking” (NBFI) sectors. But it suffices, for now, to know that we have long been fabricating economic “growth” by allowing the stock of credit, and therefore of money, to drastically out-grow any meaningful measure of the flow of value within the economy.
    Together, the scale and complexity of the bloated credit system mean that – probably at some esoterically-technical level – something is going to break, forcing the central banks into trying to prop up the system by flooding the economy with money.
    But we can’t “print” our way to monetary stability, any more than we can borrow our way to prosperity.

    The Collapse of Dollar Hegemony Could Lead to World War III. Richard C. Cook Transcript on a an interview with Richard C. Cook conducted by Ahmed Danyal Arif, Editor of the Economics Section for The Review of Religions.
    Richard C. Cook (RCC): I began to study monetary reform in 1979-1980 when I worked for the Carter White House in the office of consumer affairs. I had discovered the ideas of British engineer C.H. Douglas who explained the chronic gap in developed economies between GDP and national income, which meant that society never had enough money to purchase what their economies were able to produce. Some very notable people like Winston Churchill and Henry Ford were also aware of this. The system of Keynesian economics was developed to address the problem through government borrowing. But all this accomplished was to ‘kick the can down the road’ by creating debt that eventually had to be paid off, usually through war or hyperinflation.
    A decade later I found myself working for the US Treasury Department, when I was able to carry out an in-depth study of the history of the US monetary system. I learned that the banking system existed to fill the GDP-income gap but that the debt it created in doing so led to massive profits to the banks but ruin for the nation at large. I also learned that the only successful alternative had been the spending of Greenbacks by the government during the Civil War. I then came into contact with Stephen Zarlenga who had founded the American Monetary Institute and was studying the same problems. Together we wrote the American Monetary Act which became Congressman Dennis Kucinich’s NEED Act introduced in Congress in 2011 but not yet passed. This would create a modern version of Greenback money. So one thing led to another, and I am still writing about these things…
    ..RCC: Our Declaration of Independence states that every person has a right to ‘life, liberty, and the pursuit of happiness.’ Of course along with these rights come responsibilities. One is that we act with kindness and compassion in accepting the rights of others. Our predatory financial system does not do this. The system is based on putting people into debt. That’s how money is generated in the economy. But this is wrong…
    ..The system should assure that people can earn enough that they can live decently and respectably as well as save for the future. Naturally, the work of some will support the lesser financial contributions of others, but this is part of life. If people are dissatisfied with their opportunities for work they should be free to seek elsewhere or be able to improve their skills so as to earn more. But all of this requires a monetary system that supports individual freedom and initiative. We do not have such a system today. What we have is debt slavery where the 1% make out like bandits and the 99% struggle to survive. Such a system also promotes crime and war, where people and nations feel they must steal from their neighbour in order to get by…
    ..The fact is that the Federal Reserve is a black hole.
    No one but the bankers themselves know what they are doing or why. At the present time banks like JP Morgan Chase are making record profits while the economy is moving toward a recession and ordinary people increasingly cannot afford food, housing, education, or transportation.
    The US federal government is now $33.1 trillion in debt. State and local governments are $3.17 trillion in debt. Private sector debt is over $30 trillion.
    This is just within the US.
    It means that every individual is $211,000 in debt on average. According to the Federal Reserve, the average net worth of American families in 2019 was $746,820, with the median $121,760. We can deduce that a large majority of American families literally own nothing. It’s no different in most other countries. And with the Federal Reserve raising interest rates, mainly to attract overseas investment and shore up the dollar, the debt continually grows even if no new debt is added…
    ..ADA: Ultimately, dialogue with other nations and communities is vital. Is it possible, in your opinion, for nations and leaders to conciliate a focus on their own national interests and at the same time consider what is best for the world at large?
    RCC: Is a multipolar world possible? Only if the people of the West, acting through their own governments, take back the unconstitutional power of the banks. The US banking system, going back to the Federal Reserve Act of 1913 and beyond, is in fact an ongoing insurrection against the U.S. Constitution. It’s the Constitution that gives Congress, not the banks, the authority to create and oversee the monetary system of the nation. In Russia and China, the central banks report to the government.
    In the US, the Federal Reserve reports only to the wealthiest 1%. This is what has to change. Until then, there can be no peace in the world. Of course, we also need a spiritual renewal.


    Dr D Rich said

    Mark Milley, he of The Chair Joint Chiefs, on the ongoing Israeli/Jewish slaughter of civilians in Palestine,

    Americans are falling over each other, each trying to kiss the ass that rules them. It is kind of interesting when you first see it, like flies on a turd, but surely there is better stuff to kiss than Jew ass.

    Americans are mostly wanabe Jews, they recognise their own incompetence and inadequacy, so they want to be someone else, maybe that is why they put up with the anti-white racism, because they know it is justified. I have never seen the American people so animated, their defence of the Jews gives them a new reason to live, a way to please their God and their owners at the same time, a miracle bringing life back into the white American. Their enthusiasm for Gaza is almost like the ritual KKK slayings, they are all secretly proud of their new Jew KKK that kills black Palestinians.

    John Day

    Israeli tanks enter Rafah (VIDEO)

    Israel Captures Rafah Border Crossing, Cutting Off Aid , Netanyahu has rejected the ceasefire proposal Hamas agreed to

    ​ Did Netanyahu Trash Ceasefire Deal Agreed by Hamas to Continue War?
    ​ Israeli officials insisted that the new agreement contained “many new elements” that were not part of the deal that was presented to Hamas by the US, Egypt and Qatar ten days ago with Israel’s approval.
    ​ But a senior US official retorted that “American diplomats have been engaged with Israeli counterparts. There have been no surprises.”​ A source familiar with the talks told the website that on Monday morning, CIA director Bill Burns held talks with Israeli Defense Minister Yoav Gallant…​ Axios sources further alleged that Washington invited Israeli officials to Cairo over the weekend but Tel Aviv refused to send a team.​..
    ..”All indications are that there’s tremendous pressure on Israel now to accept the peace process. The Americans, the Egyptians, the Qataris, the European Union, everybody’s on board and Hamas is on board, except Israel,” Kamrava said…​ “The Israelis have refused to accept any responsibility,” he said. “They have laid the responsibility squarely at the feet of Hamas. I don’t think they would accept any responsibility for humanitarian aid for Palestinians that are into Rafah.”
    According to the academic, Israel has “told the Palestinians that they need to move into an area that is uninhabitable. It’s been absolutely, completely destroyed.”​

    ​ The First Amendment must be scrapped to “protect Israel,” says ADL
    ​ Israel and its supporters are frightened by the public outpouring of support for and solidarity towards the Palestinian people living in Gaza at American college and university campuses – so much so that they just sent a letter to the United States Congress demanding the passage of a new censorship law.
    ​ The Anti-Defamation League (ADL) in coordination with the Conference of Presidents of Major American Jewish Organizations is demanding that Congress renew special provisions in the controversial FISA (Foreign Intelligence Surveillance Act) to allow for the silencing of anyone who in any way criticizes Israel’s genocide in Gaza.
    ​ Infamously described as “the biggest expansion of domestic surveillance since the Patriot Act,” the new FISA bill being pushed by the Jewish lobby contains added language that would basically criminalize free speech that upsets Zionists. It also compels “an enormous range” of U.S. businesses to start acting as NSA (National Security Agency) spies on behalf of Israel.​..
    ​..According to ADL CEO Jonathan Greenblatt, protesting in solidarity with the people of Gaza means you are an “accomplice” in the Hamas false flag attack. This is how the entire Jewish lobby thinks of you if you do not support Israel’s genocide, by the way.
    ​ Greenblatt is leading the charge to create an entire legal framework that will allow for pro-Palestine protesters to be charged with providing material support to “terrorists,” allowing them to be jailed despite the existence of the First Amendment.​

    Jeffrey Epstein’s former lawyer Alan Dershowitz said Monday that “any university that divests from Israel should have its federal funding terminated.”​

    John Day

    ​ Israeli captive dies due to own forces’ destruction of Gaza hospitals
    ​ An Israeli captive was killed as a result of a direct Israeli military attack on an area where she was being held, the spokesperson for Hamas’ al-Qassam Brigades, Abu Obeida, announced on Tuesday.
    ​ Judih Weinstein, 70, was identified as the captive who died as a result of an Israeli strike in which she was critically injured around a month ago. Abu Obeida revealed that due to the Israeli occupation’s destruction of Gaza’s health sector, Judih did not receive the necessary medical attention and died after succumbing to her wounds.​–destruction-of-gaza

    Biden Gave Netanyahu the Green Light To Capture Rafah Crossing​ , Axios reports that Biden and Netanyahu discussed the plan on Monday​

    ​ Israel Captures Rafah Border Crossing, Cutting Off Aid​
    The Israeli military announced on Tuesday that its ground forces captured the Palestinian side of the Rafah border crossing, cutting off a vital aid route as Palestinians are facing starvation.​ Israeli tanks and troops entered Rafah late Monday, and Israeli strikes pounded the city throughout the night, hitting residential homes. According to AP, hospital records show that at least 23 Palestinians were killed in the bombardment, including six women and five children.​

    ​ Report: Private US Security Firm To Take Control of Rafah Border Crossing​ , According to Haaretz, Israel, Egypt, and the US have agreed on the plan​.
    ​ State Department spokesman Matt Miller was asked about the report and said he wasn’t aware of any plan for Israel to transfer control of the border crossing.
    ​ Under the reported arrangement, American mercenaries would take responsibility for overseeing the border crossing, which would include monitoring goods coming into Gaza and preventing Hamas from taking control. Vital deliveries have been cut off since Israel took control of the crossing early Tuesday.
    ​ The Haaretz report said the arrangement was part of an effort by Israel to “win agreement” from the US and Egypt for a Rafah operation.​

    John Day

    ​ Biden Withholds Shipment Of Boeing-Made Precision Bombs From Israel Over Rafah Offensive​ ​(Did Boeing even finish them yet?)
    ​ We noted earlier that Israel’s Rafah ground offensive currently in progress constitutes a glaring instance of Netanyahu’s willingness to blow past Biden’s ‘red line’ which was repeatedly verbalized in the last weeks and months.​ It now appears that Biden is ready to belatedly get ‘tough’.​

    ​ Gilbert Doctorow Interview, WION, India’s premier English-language global broadcaster, takes a stand on Israel’s assault on Rafah
    ​ It is precisely to avoid paying that price that Biden is reportedly telling Netanyahu, “The game is up. And if you proceed with this offensive that you are talking about so loudly, you will not have American weapons, which means you will fail badly.” The reason for Mr Biden’s position has nothing to do with humanitarian concerns. The man is callous and is morally in the same camp as Mr Netanyahu. The issue is political survival, and the recent student university demonstrations have shown that Biden cannot win the election if this continues as it has, and if he is not showing some resistance to the atrocities of the Israelis.​

    ​ Former Indian Diplomat MK Bhadrakumar, Dialing down expectations on a US–Saudi security pact
    Expect a ‘less-for-less’ outcome from any forthcoming US–Saudi security pact. Israel’s war on Gaza has hampered Washington’s plans to push normalization with Tel Aviv and pull Riyadh away from the Russia–China sphere of influence.​

    ​ China and France have called for the creation of an independent Palestinian state, according to a joint statement issued during Chinese leader Xi Jinping’s two-day official visit with French President Emmanuel Macron in Paris.​ The so-called two-state solution, a plan to create a Palestinian state within territory occupied by Israel since 1967, is supported by the UN and a raft of individual nations, including Israel’s key ally the US. If implemented, it would likely require the Jewish state to remove its settlers from the occupied territories.​

    ​ Climbing the ‘Escalation Ladder’: French, British Threats Provoke Russian Warning​
    ​ Moscow responded aggressively to claims that Kiev may use British weapons to strike within Russia, claiming such an attack would force the country to target UK military installations in Ukraine and beyond.​

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