Feb 112025
 
 February 11, 2025  Posted by at 10:41 am Finance Tagged with: , , , , , , , , , ,  Add comments


Robert Rauschenberg Buffalo II 1964

 

Trump Orders 25 Percent Tariffs on Steel and Aluminum (ET)
Trump: DOGE To Analyze Pentagon Spending After 7th Failed Audit (ZH)
Trump Admin Urges Judge to Dissolve Order Blocking DOGE From Treasury (ET)
The Making of Elon Musk: How the Left Makes Monsters of Us All (Turley)
Sen. Mike Lee Floats Ron Paul For Fed Chairman, Musk Says ‘Amazing’ Idea (JTN)
DOGE: FEMA Sent $59 Million Last Week To Luxury NYC Hotels For Illegals (ZH)
Canada ‘Not Viable’ Without US Support – Trump (RT)
The Fallout of Trump’s USAID Freeze (Ryumshin)
Trump Wants Ukraine To Pay Back $500 Billion (RT)
Ukraine Sells US Weapons To Mexican Drug Cartels – Tucker Carlson (RT)
Danger of Deep Worldwide Recession in 2025 – Ed Dowd (USAW)
Warfare on Lawfare (Kunstler)
EU’s von der Leyen Calls For Alternative To NATO (RT)
EU’s Right Calls For New ‘Reconquista’ Against ‘Islamist Advance’ (RT)
Trump’s Gaza Plan ‘Futile’ – Erdogan (RT)
Trump Threatens To ‘Let Hell Break Out’ In Gaza (RT)
Musk And Altman Throw Punches Over Control Of OpenAI (ZH)
Deepseek Compared To ChatGPT On The Ukraine War – Who Is Winning? (Helmer)

 

 

 

 

80/20

Andreessen

Trump Bret Baier

X

Musk AfD

 

 

 

 

“Steel and aluminum tariffs 2.0 will ensure that American producers can compete on a level playing field..”

Trump Orders 25 Percent Tariffs on Steel and Aluminum (ET)

President Donald Trump on Feb. 10 imposed 25 percent tariffs on all steel and aluminum imports. Speaking to reporters on Air Force One as he flew from Florida to New Orleans on Feb. 9 to attend the Super Bowl, Trump said he would announce a 25-percent levy on “any steel coming into the United States. Aluminum, too.” The president also said he would announce “reciprocal tariffs” soon. Under this plan, the United States would implement import duties on goods and services when another country imposes tariffs on U.S. products. “If they are charging us 130 percent, and we’re charging them nothing, it’s not going to stay that way,” Trump said. “If they charge us, we charge them.” The tariffs are set to take effect on March 4. Canada and Mexico are two of the largest aluminum and steel trading partners of the United States.

Although the president claimed that the U.S. trade deficit with Canada was $200 billion, the gap was $63.33 billion last year, according to Census Bureau data. A March 2023 study by the International Trade Commission found that the first Trump administration’s use of Section 232—tariffs imposed on imports considered vital for national security—raised steel and aluminum prices. However, the effect on economic growth and employment was minimal. Repealing Section 232 would ultimately lead to the creation of more than 4,000 jobs and a long-run gross domestic product growth of 0.02 percent, or $3.5 billion, according to Alex Durante, senior economist at the Tax Foundation. “Because tariffs are taxes on imports and raise the cost of production, we estimate that repealing the Section 232 tariffs would strengthen the U.S. economy and create jobs,” Durante said in a 2024 paper.

In a separate pre-taped interview with Fox News released on Feb. 9, Trump said he had not seen enough action from Canada and Mexico to avoid tariffs after agreeing to a 30-day pause. “No, it’s not good enough,” Trump told host Bret Baier. “Something has to happen. It’s not sustainable. And I’m changing it.” Last week, the president agreed to a 30-day extension on his initiative to apply a 25-percent levy on all goods from Canada and Mexico. Canadian oil, natural gas, and electricity imports would be taxed at a rate of 10 percent. Senior Canadian officials, including François-Philippe Champagne, minister of innovation, science, and industry, pledged to “stand up for Canada,” its workers, and its industries. Ontario Premier Doug Ford criticized Trump on social media platform X, writing that he is “shifting goalposts” and inciting “constant chaos.”

François Legault, premier of Quebec, a major aluminum supplier, said on X that it is critical to “begin to renegotiate” Canada’s free trade agreement with the United States “as soon as possible.” “Quebec exports 2.9 million tons of aluminum to them, or 60 percent of their needs. Do they prefer to get supplies from China?” he wrote. “We must put an end to this uncertainty.” Bea Bruske, president of the Canadian Labour Congress, said the tariffs are a “direct attack” on Canadian workers and the country’s economy. “These tariffs don’t protect jobs—they kill them. Canada cannot sit idly by while our workers are treated as bargaining chips in Trump’s trade war,” Bruske said. “Our government must respond with strong, immediate action to defend Canadian industries and the workers who keep them running.”

As part of his 2018 Section 232 national security tariff extensions to shield aluminum and steel makers, the president signed trade proclamations that increased tariffs on these products without exemptions or exclusions. Trump reinstated a 25-percent tariff on millions of steel imports that had previously entered the United States duty-free under exemptions, quota arrangements, and other exclusions. He also raised the levy tariff rate on aluminum imports to 25 percent from the previous 10 percent in 2018. “This is a big deal—making America rich again,” Trump told reporters. The latest tariffs are a response to policies that the Trump administration said have permitted various countries—namely Brazil, Canada, China, Russia, and Mexico—to “manipulate trade.” “Steel and aluminum tariffs 2.0 will ensure that American producers can compete on a level playing field,” a White House official said in a call with reporters.

Read more …

Bring on the lawsuits.

Trump: DOGE To Analyze Pentagon Spending After 7th Failed Audit (ZH)

President Donald Trump has directed Elon Musk and the Department of Government Efficiency (DOGE) to audit the Pentagon, after the Defense Department failed its seventh audit in a row. During an interview with Fox News’ Bret Baier set to air before the Super Bowl, Trump said he was directing DOGE to investigate both the Department of Education and the Pentagon. “We’re going to find billions, hundreds of billions of dollars of fraud and abuse,” Trump said.

On Friday, Trump said during a press conference with Japanese Prime Minister Shigeru Ishiba that he was directing DOGE to investigate “Pentgon, education, just about everything,” adding that he thinks Musk will find “a lot” of waste, fraud and abuse. “Sadly, you’ll find some things that are pretty bad, but I don’t think proportionally you’ll see anything like we just saw,” Trump said, referring to USAID – where the new administration has placed 97% of the staff on leave. Last week, Trump said that billions of dollars have been stolen by USAID. Reviewing the Pentagon will be no small task for an agency which sees roughly $800 billion flow through it, and has never managed to pass its own financial audits with the exception of the Marine Corps. The Pentagon employs nearly 3.3 million service members and civilians.

Musk, who has been appointed as a “special government employee,” is one of Trump’s key advisers, who has set a goal for DOGE to cut up to $2 trillion in federal expenses by July 2026. Last week, DOGE claimed that it had managed to save over $1 billion by slashing contracts related to Diversity, Equity and Inclusion (DEI), through halting “the hiring of people into unnecessary positions, the deletion of DEI, and stopping improper payments to foreign organizations,” as The Burning Platform noted on Sunday.

On Saturday, Musk said that DOGE and the US Treasury Department have agreed to new anti-fraud measures aimed at preventing tens of billions of dollars in fraudulent government entitlement payments each year, including the following:
– Require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits. This is frequently left blank, making audits almost impossible.
– All payments must also include a rationale for the payment in the comment field, which is currently left blank. Importantly, we are not yet applying ANY judgment to this rationale, but simply requiring that SOME attempt be made to explain the payment more than NOTHING!
– The DO-NOT-PAY list of entities known to be fraudulent or people who are dead or are probable fronts for terrorist organizations or do not match Congressional appropriations must actually be implemented and not ignored. Also, it can currently take up to a year to get on this list, which is far too long. This list should be updated at least weekly, if not daily.

The above super obvious and necessary changes are being implemented by existing, long-time career government employees, not anyone from @DOGE. It is ridiculous that these changes didn’t exist already! Yesterday, I was told that there are currently over $100B/year of entitlements payments to individuals with no SSN or even a temporary ID number. If accurate, this is extremely suspicious. When I asked if anyone at Treasury had a rough guess for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so $50B/year or $1B/week!! This is utterly insane and must be addressed immediately.

Treasury Secretary Scott Bessent recently defended DOGE’s actions at Treasury – telling Bloomberg in an interview with Bloomberg that the DOGE team is made up of highly trained professionals and “not some roving band running around doing things,” possibly in reference to claims by critics that DOGE has embraced and is applying the adage “move fast and break things,” which is part of the Silicon Valley start-up culture of being innovative, nimble, and disruptive.

Read more …

Bizarro world.

Trump Admin Urges Judge to Dissolve Order Blocking DOGE From Treasury (ET)

The Trump administration on Feb. 9 urged a federal judge to rescind an order that blocks Department of Government Efficiency (DOGE) personnel and some other government workers from accessing U.S. Department of Treasury records. The order from U.S. District Judge Paul A. Engelmayer bars access to the payment records for all personnel apart from civil servants “with a need for access to perform their job duties.” “On its face, the Order could be read to cover all political leadership within Treasury—including even Secretary Bessent,” government lawyers said in an emergency motion to the court, referring to Treasury Secretary Scott Bessent. “This is a remarkable intrusion on the Executive Branch that is in direct conflict with Article II of the Constitution, and the unitary structure it provides.” Article II grants the president the power to appoint the heads of executive agencies and to seek their opinions on any subject relating to their duties.

“Basic democratic accountability requires that every executive agency’s work be supervised by politically accountable leadership, who ultimately answer to the President,” the government lawyers said on Sunday. “A federal court, consistent with the separation of powers, cannot insulate any portion of that work from the specter of political accountability. No court can issue an injunction that directly severs the clear line of supervision Article II requires. Because the Order on its face draws an impermissible and anti-constitutional distinction, it should be dissolved immediately.” If the order is not dissolved, the court should clarify or modify the order to make clear it does not cover top Treasury officials, according to the motion, and if the court is unwilling to grant relief, it should stay the order pending the outcome of an appeal.

U.S. District Judge Jeannette A. Vargas, who is overseeing the case, after receiving the motion ordered the parties to meet and confer regarding the motion “to determine if the parties can reach agreement on a stipulation that either resolves or narrows the issues presented in the Motion.” If the parties cannot reach an agreement, the plaintiffs are ordered to file a reply by 5 p.m. ET on Monday, with a response to the reply due from government lawyers six hours later. The case was brought by New York and 18 other states against President Donald Trump and Bessent. The states said that the government giving access to payment records to DOGE, which is headed by Elon Musk, posed cybersecurity risks and imperiled the privacy of state residents whose financial information and other personal data were stored in the files. The states asked for an order blocking the access and received the order early Saturday.

Pam Bondi

Long list of crap
https://twitter.com/i/status/1888766525454373049

Read more …

“They have made monsters of everyone who challenges the confines of their known world.”

The Making of Elon Musk: How the Left Makes Monsters of Us All (Turley)

Across the Internet, politicians and pundits are in a monstrous mood. The same people who spent the last year declaring the imminent death of democracy if Donald Trump were elected are now insisting that the real threat is the “monster” he has unleashed upon the federal bureaucracy. It is the thing of legend, a Beltway monster that you told your children about around campfires late at night: An outsider who comes to town and lays waste to government waste, firing thousands and slashing budgets. Part Frankenstein, part Bigfoot, that creature never had a name, but would be beholden to no one and uninterested in the status quo. The monster now has a name, and it is Elon Musk. Democratic politicians are now claiming that reducing government is equivalent to destroying government. Senate Minority Leader Chuck Schumer (D-N.Y.) yelled dramatically to an outdoor crowd this week that Musk’s government efficiency efforts are “taking away everything we have.”

For decades, both Democratic and Republican presidents have run on reducing government and making it more efficient. But everyone knew that such campaign pledges would be quickly discarded after each election. What is so terrifying this time is that Musk means it. We know that because he has done it before. When Musk bought Twitter with the promise of dismantling its censorship system and culture, he started by firing virtually everyone. Critics immediately declared that he was a fool and did not understand how to run a social media company. Former Clinton Labor Secretary Robert Reich said that Musk’s firings meant the death of Twitter and triumphantly declared, “You break it, you own it.” It did not exactly work out that way. Musk fired as much as 90 percent of his staff and the company survived. Liberals only grew more determined, seeking even to boycott his other companies and bar Space X from needed national security missions.

As liberal media and pundits raged, Musk stayed firm and survived. Now Amazon has increased advertising on X, which is now the sixth most popular social media site. It has reportedly hit 500 million subscribers and a reported 40-plus percent profit margin. It is set to make billions with a greatly reduced overhead due to the firings. Musk’s model has been watched — and to some degree replicated — by other companies. The only way to change a culture is sometimes to change the people. Take the U.S. Agency for International Development, where Musk led an effort to freeze operations at the agency and move it to within the State Department. Notably, they are not shutting down the agency, and Trump has said that he wants to continue foreign aid needed for core missions like clean water and disease prevention, for example.

There are good-faith reasons to be concerned that vital programs must not be abruptly ended. However, the complaint is that USAID is the ultimate example of a bloated agency with a high percentage of funding going to administrative costs over field operations. The State Department reportedly plans to reduce the USAID workforce from over 10,000 to less than 300. It is vintage Musk. It is easier to take the trauma upfront and then rehire the employees needed to fulfill the mission with a leaner workforce. That process is easier if you can get people to leave voluntarily. Part of it is performative like Musk showing up at Twitter with a sink — to let reality “sink in” for the thousands of employees. It appears to be working. Many employees are taking an offer to leave with a generous severance package. The idea is simple: If you throw a badger into a crowded car, people will get out. Musk is that badger.

As for Musk being a democracy-devouring Frankenstein, the rhetoric is again outstripping reality. The fact is that liberals rarely hunt monsters, they create their own monsters. The making of “Muskenstein” can be found in the cancel campaign launched against him as soon as he pledged to restore free speech on Twitter. An unprecedented alliance of government, corporations, media, and academia were arrayed against him. This same alliance has worked countless times to get corporations and CEOs to comply with its demands for censorship. But Musk, the wealthiest man in the world, was unbowed. Liberals correctly saw Musk’s defiance as an existential threat. For years, they had exercised virtual total control of social media, legacy media, and academia. Opposing views were denounced as dangerous disinformation.

The key to their system was that you maintain orthodoxy by coercing people into silence. During the COVID pandemic, scientists who challenged the enforced view of masks, COVID-19 origins, and other issues were banned or fired. Others remained silent as they watched colleagues exiled for expressing their opinions. Musk had to be destroyed, or others might start to believe that they could also defy the groupthink. The problem is that intolerance for opposing views creates thousands of renegades and outsiders. I was one of them. I was once associated with liberal academia, which frankly worked to my advantage in favorable media and academic opportunities. I then began to question the growing orthodoxy in academia over the loss of free speech and viewpoint diversity, including the purging of faculties of conservative and libertarian voices. I was quickly targeted for it.

But that campaign gave me an even greater understanding of the dangers of the anti-free speech movement from outside the system. On a much higher level, Musk seems to have felt the same liberating aspects of being declared persona non grata. They turned Musk into the very monster they feared. They are now doing the same thing with Mark Zuckerberg. After the head of Meta announced that he was going to end the robust censorship system on Facebook and other sites (as well as downsizing staff), the left went after him with the same unhinged hatred. Like Musk, Zuckerberg had been celebrated as an industry icon, but is now condemned as a grotesque abomination. Politicians such as Sen. Adam Schiff (D-Calif.) — who once threatened Zuckerberg not to restore free speech values like Musk — are now set against him. There is talk of boycotts as many liberals retreat into the safe space of BlueSky, a site that essentially protects liberals from opposing views.

BlueSky’s appeal is that it stays close to shore, where the waters are safe and shallow. The problem for many on the left is that more and more people want to venture beyond those navigational buoys. Like Musk, they want to consider new horizons and possibilities. In Pirates of the Caribbean, Captain Hector Barbossa warns Captain Jack Sparrow, “You’re off the edge of the map, mate! Here there be monsters!” For liberals, we are now off the map where creatures of mythological shapes dwell. They found them exactly where they thought they would be. After all, they created them. They have made monsters of everyone who challenges the confines of their known world.

Read more …

Ron Paul is 89. Not his job.

Sen. Mike Lee Floats Ron Paul For Fed Chairman, Musk Says ‘Amazing’ Idea (JTN)

Sen. Mike Lee, R-Utah, floated former GOP Rep. Ron Paul for Federal Reserve chairman and billionaire Elon Musk, who is leading the Department of Government Efficiency called the idea “amazing.” Musk initially wrote on X that it would be a “good idea” if DOGE allowed Paul to run a “Federal Reserve audit team.” Lee responded to that comment on X.”Raise your hand if you’d like to see @RonPaul as Federal Reserve chairman,” Lee wrote about Paul, 89, whose signature issue became calling for a full audit of the Federal Reserve . He was also a vocal opponent of the Iraq War before it began. The current chairman of the Federal Reserve if Jerome Powell. Paul’s son, Rand, is currently serving in the U.S. Senate representing Kentucky.

Read more …

“..a “clawback demand will be made today to recoup those funds.”

DOGE: FEMA Sent $59 Million Last Week To Luxury NYC Hotels For Illegals (ZH)

Elon Musk’s team of mid-20s Department of Government Efficiency (DOGE) disruptors has once again found wasteful spending—this time focusing on a $59 million payment sent by the Federal Emergency Management Agency to luxury hotels across New York City housing illegal aliens. “The DOGE team just discovered that FEMA sent $59M LAST WEEK to luxury hotels in New York City to house illegal migrants,” Musk wrote on X early Monday morning. Musk explained, “Sending this money violated the law and is in gross insubordination to the President’s executive order,” adding, “That money is meant for American disaster relief and instead is being spent on high end hotels for illegals!” Musk did not specify which luxury NYC hotels received FEMA funding for migrants last week but noted that a “clawback demand will be made today to recoup those funds.”

However, a December report revealed that NYC politicians spent $220 million in a sweetheart deal with Pakistan to lease the prestigious Roosevelt Hotel in Midtown Manhattan for illegal alien housing. The most alarming issue was that NYC paid a foreign government to house illegals. “So let me get this straight; places like North Carolina and Maui get a pittance because FEMA says they lack funds, so we have to send our Military there to do work that could be put into the local economies. Meanwhile FEMA blows its budget on housing illegal immigrants?” one X user wrote in response to Musk’s report. While illegals have lived ‘the American Dream’ on the taxpayers’ dime, residents across Western North Carolina have only now begun receiving FEMA assistance amid the ongoing recovery from Hurricane Helene. Many of these folks in North Carolina had limited to no FEMA assistance under the Biden-Harris regime. That all changed after President Trump entered the White House on January 20.

WNC

Read more …

Trudeau fully aligned with the US Dems, woke and all, and against Trump. Now Canada will pay the price.

Canada ‘Not Viable’ Without US Support – Trump (RT)

Canada is “not viable” as a country without continued economic support and military protection from the US, President Donald Trump has claimed. Speaking to reporters aboard Air Force One on Sunday, Trump doubled down on his idea of Canada joining the US as the 51st state, which Ottawa strongly opposes. The president argued that Canada does not “pay very much for military, and the reason they don’t pay much is they assume that we’re going to protect them… they don’t pay their share of military in NATO.” “The other thing is, we subsidize them to the tune of about $200 billion a year. If we stopped doing that, if we stopped allowing them to make cars through tariffs and other things – cars, trucks, etc., what they make – they’re not viable as a country,” he added.

According to Trump, becoming the 51st state of the US would be “the greatest thing [Canada] could ever do.” “It would be unbelievable. It would be a cherished state,” the president said, suggesting that the current border between the two countries is “artificial” and was drawn with a ruler. In a separate interview with Fox News, Trump confirmed that he is serious about incorporating Canada into the US. Asked to comment on reports that Canadian Prime Minister Justin Trudeau warned the country’s business leaders that Trump’s plans are a “real thing,” the president replied: “Yeah, it is.”

In early February, Trump imposed 25% tariffs on imports from Canada and Mexico and additional 10% on imports from China, citing concerns over illegal immigration and drug trafficking. In response, Canada announced retaliatory tariffs of 25%, targeting a wide range of American-made goods. However, as the specter of a trade war loomed, Washington and Ottawa agreed to delay the implementation of the tariffs. On Sunday, Trump reiterated his stance on tit-for-tat tariffs and again teased plans for new 25% tariffs on all steel and aluminum imports, which would again affect Canada and Mexico, without saying whether there would be exemptions.

Read more …

Let it die. Start something new.

The Fallout of Trump’s USAID Freeze (Ryumshin)

If you’ve spent any time on social media recently, particularly X, you might have noticed a pattern. Media outlets, NGOs, and human rights groups with a liberal slant are posting about financial trouble. Some plead for public donations, while others announce layoffs and budget cuts. What’s causing this sudden turmoil? In many cases, it boils down to the suspension of the United States Agency for International Development (USAID). For decades, this agency has been a lifeline for countless “grant seekers.” With the freeze in operations, many of these groups now find themselves at a breaking point. USAID is the largest source of official US financial aid abroad, with an annual budget running into the tens of billions of dollars. These funds fuel hundreds of projects worldwide.

While some initiatives address genuine concerns like poverty, hunger, and environmental protection, others have a more ambiguous purpose, such as “building civil society” or “developing democracy.” Often, these projects serve as vehicles for advancing US political interests, sometimes with covert ties to intelligence agencies. Between 2022 and 2024, USAID disbursed nearly $120 billion globally. The largest beneficiary was Ukraine, which received over $32 billion, funding everything from government operations to 90% of the country’s media outlets. Moldova was another major recipient, where USAID financed energy independence projects and media aligned with the government. Other countries in the post-Soviet space saw millions funneled into “democracy-building” efforts.

In 2024 alone, USAID poured over $40 million into Georgian civil society projects, $20 million into Armenia, and $11 million into Belarus. Even after officially ceasing operations in Russia in 2012, USAID quietly continued its activities, with $60 million earmarked for 11 programs in 2025-2026, including “Strengthening Local Governance in the North Caucasus” and “New Media” initiatives. In January 2025, everything changed. US President Donald Trump froze all foreign aid for 90 days. This was followed by a dramatic shake-up: USAID’s headquarters was raided by DOGE (Department of Government Efficiency) agents, and Elon Musk declared the agency was effectively “shut down.” For decades, USAID’s funding had been a critical support system for pro-Western and opposition structures in Russia and beyond.

Now, many of these organizations find themselves adrift, their stable funding having evaporated overnight. Yet celebrating this development as a triumph may be premature. The USAID freeze isn’t about dismantling the agency entirely. Rather, it’s a restructuring to wrest control from the Democrats, who previously used it to push left-liberal values globally. Trump’s goal is to transform USAID into a tool for his administration’s conservative agenda. As he bluntly put it: “[it has] been run by a bunch of radical lunatics, and we’re getting them out,” while Musk called it “a criminal organization” and said it was “time for it to die.” Under Trump’s plan, USAID will be integrated into the State Department, now headed by Marco Rubio.

Funding will not disappear – it will be redirected. Instead of backing progressive initiatives, grants will support projects that align with traditional values, patriotism, and the revived “American Dream.” The beneficiaries will shift from liberal activists to conservative organizations promoting these ideals. Geographically, funding priorities may also change, focusing more on Europe and Latin America. Regardless of these shifts, the primary mission of advancing the US interests will remain intact. The suspension of USAID has created chaos among the vast network of Russian organizations reliant on its funding. But they won’t go down without a fight. Some will perform ideological backflips, rebranding themselves as Trump-aligned supporters to secure new funding streams.

Others will pivot to European donors or private backers like disgraced 1990s oligarch Mikhail Khodorkovsky. A few will downsize, trimming staff and budgets, but continue to operate independently. The hardest hit will be the smallest and most ideologically rigid groups, unable or unwilling to adapt. They will likely disappear altogether, but these are the exceptions.

Read more …

“..they may make a deal, they may not make a deal, they may be Russian someday, or they may not be Russian someday, but we’re gonna have all this money in there..”

Trump Wants Ukraine To Pay Back $500 Billion (RT)

US President Donald Trump has said he wants to secure a deal with Kiev to ensure Washington gets its money back by trading aid for Ukraine’s rare-earth minerals – regardless of whether “they may be Russian someday.” In an interview with Fox News’ Bret Baier, Trump claimed that “the United States is in for more than $300 billion, probably 350” in various forms of aid to Ukraine, adding that it would be “stupid” for Washington to continue bankrolling Kiev without receiving anything in return. “I want to have our money secured because we’re spending hundreds of billions of dollars,” the US leader said. “They have tremendously valuable land in terms of rare earth, in terms of oil and gas, in terms of other things.”

“I told them that I want the equivalent, like $500 billion worth of rare earths, and they’ve essentially agreed to do that,” Trump stated. “So at least we don’t feel stupid. Otherwise, we’re stupid. I said to them, we have to get something.” “You know, they may make a deal, they may not make a deal, they may be Russian someday, or they may not be Russian someday, but we’re gonna have all this money in there, and I say, I want it back,” he added. Ukrainian President Vladimir Zelensky confirmed last week that he would be open to reaching an agreement over Kiev’s deposits of lithium, titanium, and other heavy metals. However, he insisted that Ukraine’s Western backers must first help push Russian forces out of mineral-rich territories before they can invest in rare-earth resources.

Before the escalation of the Ukraine conflict in 2022, the country had Europe’s largest reserves of titanium and lithium. While not classified as rare-earth elements, these materials are critical for military industries, batteries, and capacitors. The list of rare-earth metals that can be found in Ukraine also includes beryllium, manganese, gallium, uranium, zirconium, graphite, apatite, fluorite, and nickel. According to Forbes, around $7 trillion of Ukraine’s total mineral wealth is located in its former Donbass regions of Donetsk and Lugansk, which declared independence from Ukraine in 2014 following the Western-backed Maidan coup in Kiev. Most of these territories came under Russian control after Donetsk and Lugansk voted to join Russia in 2022.

Russian President Vladimir Putin has cited the protection of people in Donbass as a key reason for launching the military operation in Ukraine. Resources in these territories are a major factor in NATO member states’ support for Kiev, Russian Foreign Minister Sergey Lavrov said in October 2024. “Their discourse revolves around territory and resources that they require in America,” he said. “Our concern is not territories, but people.”

https://twitter.com/i/status/1889101793751413120

Read more …

Carlson knows this, but Trump does not?

Ukraine Sells US Weapons To Mexican Drug Cartels – Tucker Carlson (RT)

A significant portion of the weapons Washington has provided to Kiev as military aid in its conflict with Russia is ending up in the hands of America’s “actual enemies,” including Mexican drug cartels, US journalist Tucker Carlson has claimed. As much as half of all weapons sent by the US to Ukraine end up on international black markets, the former Fox News host said on Monday during an interview with retired US Army Lieutenant Colonel and Iraq and Afghanistan veteran Daniel Davis. “The Ukrainian military is selling a huge percentage – up to half – of the arms that we send them. I know this for a fact,” Carlson claimed. However, he did not disclose his sources or provide specific evidence to support his statement.

Carlson argued that Washington is supplying Kiev with “hundreds of billions of dollars” worth of arms, a significant portion of which are being “stolen and sold to our actual enemies,” including “drug cartels on our border.” He also claimed that weapons from Ukraine could be easily purchased online, describing the situation as a “crime” and a “nightmare.” Since 2022, the US Congress has authorized approximately $175 billion in aid for Ukraine. However, a large portion of that funding has reportedly been allocated to American industries and other US government activities related to the conflict. In January, US President Donald Trump claimed that Washington had spent “$200 billion more than the EU” on aid to Kiev.

Ukrainian President Vladimir Zelensky later stated that Kiev had received just over $75 billion in military and other forms of assistance from Washington, adding that he has no idea where Trump’s estimate of $200 billion originated or where it could have vanished. Moscow has repeatedly warned that the unchecked supply of Western weapons to Ukraine has led to a large number of arms falling into the hands of organized criminal groups and extremists worldwide. Western media and officials have also acknowledged that weapons supplied to Kiev’s backers have ended up in criminal hands. In April 2022, Europol reported that its investigations indicated weapons were being trafficked out of Ukraine and into the EU to supply organized crime groups.

In October 2022, Finnish authorities stated that weapons originally sent to Kiev had surfaced in the country and were acquired by local criminals. At the time, similar reports emerged from Sweden, Denmark, and the Netherlands. In June 2023, Israeli Prime Minister Benjamin Netanyahu said that Western anti-tank weapons intended for Ukraine had been found on Israel’s border and were allegedly aimed at the Jewish state. In June 2024, Spanish media reported that criminal gangs in southern Spain had obtained modern military-grade weapons allegedly smuggled from Ukraine.

Read more …

Looking at his words, it seems he means a mini-recession. Because Trump.

Danger of Deep Worldwide Recession in 2025 – Ed Dowd (USAW)

Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com is back with a new report called “Danger of Deep Worldwide Recession in 2025.” The new report shows how a weak economy was propped up under the Biden Administration and how a crash, this year, is inevitable. Dowd says, “What we are going to have going forward is the reversal of deficit government spending, which was juicing the economy with illegals. Some of them got jobs, but a lot of them got benefits. They got housing accommodations. The NGO system was flush with money to facilitate this massive, purposeful logistical operation. People don’t understand that the net legal migration in the US is one million a year. That’s one million people a year.

The last four years, we brought in 10 million to 15 million people. That is a new economic variable, and it distorted the economy. It never got us into expansion territory, but it papered over a lot of the ills we were seeing. Trump’s policies are going to reverse that all out. . . . The velocity of money under Joe Biden really started to rise. . . . Illegal immigration is very inflationary. . . . In the fourth quarter, the velocity of money is already rolling over. The Trump effect began the moment he was elected. We’ve seen self-deportations. We have seen new tenant rents plunge, and that’s what has been holding up the housing market.”

How bad is the economy going to get? Dowd predicts, “We are seeing a recession in 2025. The rest of the globe is already starting to roll over. It’s going to be a worldwide recession. There is going to be a mini housing crisis. Housing has been stagnant for the better part of the year. There is no transaction volume, and nobody can afford homes. We are hitting the 18-year housing cycle. The last housing cycle was in 2007, and you add 18 years and you get 2025. . . . The economy for the middle-class is going down. . . . As time goes on, we are going to see GDP numbers go lower and lower and lower. . . . It’s kind of a perfect storm for the Trump Administration. There is no way to avoid the pain.”

When can we expect things to get better? Dowd says, “This is much like Ronald Reagan in his first term. He was elected with -2% real wages. This was the same phenomenon going into the 2024 Election. So, we are going to have a recession . . . Then, Trump gets his policies, and he has a very short window of opportunity to get all of his policies enacted. If he does, we will be booming on the other side of this.” Dowd still likes gold and thinks rates will begin going lower, which means locking in rates now will be a smart play for many. Dowd says, “Gold is good long term.” Dowd also thinks AI is over-bought and is in a bubble and points out, “There is no money on the other side,” of the AI boom. Dowd thinks AI tech will crash just like the internet bubble in early 2000. Dowd thinks, “AI prices are too expensive, and they will collapse at some point.”

Read more …

“The actual objective by the plaintiff in these cases (the Party of Chaos) is simply to delay any corrective action.”

Warfare on Lawfare (Kunstler)

Speaking of metanarratives — and apart from the private vendettas on Planet Rap — a nice one is developing at center-stage of US political life: the Party of Chaos using federal judges to oppose the dismantling of their gigantic grift scaffold. In other words, more lawfare to obstruct any earnest effort to effectively reform the management of our country. So, last week, you get Judge Carl J. Nichols in the DC District arguing that the DOGE shutdown of USAID was unauthorized and potentially illegal, lacking congressional approval. Then, late Friday (when most citizens are checking out of the week’s struggles) Judge Paul Engelmayer out of the Southern District of New York blocked DOGE and other executive branch officials from accessing US Treasury records of expenditures.

The injunction, comically, prevents Treasury Secretary Scott Bessent from seeing what his agency doles out money for — that is, from managing anything his department does. The suit that prompted the ruling was brought by nineteen states’ Attorneys General led by NY AG Letitia James. So, you see how this works. You must also imagine that the White House was prepared for these lawfare shenanigans, though they haven’t shown their hand in response so far. This is a constitutional quarrel, of course, since it concerns who has authority between the executive, the legislature, and the judiciary over agency spending and, in particular, who gets to audit it. The actual objective by the plaintiff in these cases (the Party of Chaos) is simply to delay any corrective action.

The DOJ under Pam Bondi can designate the US Solicitor General to petition the Supreme Court (SCOTUS) for certiorari — to expedite the resolution of this constitutional issue as to whether Mr. Trump, as chief executive, and his bona fide appointees, can carry out executive functions. The arguments against that appear to be weak. It is the President’s duty to see that the laws are faithfully executed, meaning that the departments under him do their jobs correctly, which would give him inherent authority to audit and restructure agencies like USAID. Both judges Nichols and Engelmayer are arrogating executive and legislative functions on policy-making to themselves, triggering a separation-of-powers dispute that the SCOTUS must adjudicate promptly.

What matters most in these cases is that SCOTUS has an opportunity to put up new guardrails against the hijacking of the federal courts for the purpose of lawfare — that is, for political dirty-fighting under color-of-law. The law is slow-moving, arcane, and incomprehensible to most non-lawyer citizens and that is why the Party of Chaos has misused it so liberally. In any event, DOGE is moving ahead on many other fronts and the next battleground looks like the US Department of Education, an agency which, since its creation in 1979, has only presided over an epic degeneration in the academic performance of young people. The agency has grown since 1979 to 4,400 employees overseeing a $238-billion budget.

Otherwise, what it’s mainly accomplished is to enrich the various teachers’ unions and to raise the cost of college tuitions astronomically while degenerating the purpose and value of higher ed. The fifty states were arguably doing a better job on their own without any DOE on the scene. Meanwhile, it’s satisfying to see the security clearances revoked from Antony Blinken, Jake Sullivan, Lisa Monaco, Letitia James, Alvin Bragg, Andrew Weissmann, Mark Zaid, and Norm Eisen. The reason: among other crimes, they all dabbled in election interference. And “Joe Biden” lost his, too, on account of being too feeble-minded to be trusted with classified information. Who knows what other legal complications lie in waiting up ahead for that whole gang? Lawfare giveth and lawfare taketh away. Or FAFO.

Read more …

Yeah, let’s start a second army. Does she represent anything other than the arms industry?

EU’s von der Leyen Calls For Alternative To NATO (RT)

European Commission President Ursula von der Leyen has called for an alternative to NATO, arguing that Europe must take greater responsibility for its own security. Her remarks come amid growing US demands for increased defense spending among members of the US-led military bloc, uncertainty over future support for Ukraine, and fears of a potential shift in Washington’s commitment to European security. “NATO remains the foundation of our defense. But it is evident that we need a pan-European defense,” von der Leyen said in a press briefing in Lithuania on Sunday. “Modern warfare requires a scale, technology, and coordination too big for any one nation to handle alone,” she added, asking for more funding, “both public and private.” The strategy for the future of European defense will be presented to EU leaders by mid-March, she said.

Before the Ukraine conflict, French President Emmanuel Macron and former German Chancellor Angela Merkel were among the most vocal advocates for establishing an EU army. In 2019, Macron described NATO as “brain dead” and urged European leaders to pursue a policy of “strategic autonomy” from Washington, which has influenced security policy on the continent through NATO since the end of World War II. One of the suggestions was to create a “true, European army” to independently strengthen continental security. Though then-NATO Secretary-General Jens Stoltenberg warned that the move would “weaken the connection between North America and Europe,” Italy supported the idea. Foreign Minister Antonio Tajani has argued that the bloc cannot have a credible foreign policy without a joint military. However, the idea faced strong pushback in other European countries.

In 2024, then-top EU diplomat Josep Borrell suggested that while the bloc should aspire to boost the military capabilities of its members, this does not mean that it should create a common army. Several EU states, including Denmark and Poland, have also signaled that they want their security guaranteed within the existing NATO framework. Macron recently announced that France would double its military budget and urged other EU states to follow suit, citing the possibility of dwindling US interest in European security after Donald Trump’s return to the White House. Since February 2022, the US has provided over $65 billion in military aid to Ukraine. However, Trump has questioned this support, stating that Kiev has “had enough,” while advocating for a peace agreement with Russia.In 2022, after the escalation of the Russia-Ukraine conflict, the EU significantly ramped up defense spending. Since then, Germany, France, and other EU states have pledged record increases in defense budgets.

Read more …

EU’s right organizes: “Make Europe Great Again.”

EU’s Right Calls For New ‘Reconquista’ Against ‘Islamist Advance’ (RT)

Right-wing leaders from across Europe have called for a new “Reconquista” to defend the continent’s traditional values and cultural identity while criticizing the EU’s migration policies. On Saturday, the Patriots for Europe group, the third-largest political bloc in the EU parliament, gathered in Madrid for its first high-profile rally since the summer elections. Attendees included Santiago Abascal, the leader of Spain’s conservative Vox party; Hungarian Prime Minister Viktor Orban; Marine Le Pen of France’s National Rally party; and other high-profile conservative and right-wing leaders. The event was held under the slogan “Make Europe Great Again,” an explicit nod to US President Donald Trump’s campaign motto. The conference centered on the theme of battling Islam, EU bureaucracy, globalism and left-wing “woke policies” and diversity.

The term “Reconquista” echoed throughout the event, with Abascal comparing today’s political struggles to the centuries-long campaign by Christian kingdoms to free the territory of modern Spain from Muslim rule in the Middle Ages. “We Spaniards are proud to be known for that extraordinary feat of our ancestors. We are ready to be that again,” Abascal noted. “We are ready to be that wall of Europe once again in the face of Islamist advance,” he said, vowing to fight against “global dictatorship,” including the one imposed from Brussels. The idea of Reconquista was also mentioned by Martin Helme, the leader of Estonia’s Conservative People’s Party. “For Europe to be great again, we need to have a new Reconquista,” he said while accusing globalist elites of trying to “damage our Christian civilization and replace it with their sick satanic utopia.”

Orban, a consistent opponent of the EU’s lenient approach to migration, also weighed in, suggesting that “the replacement of the population of Europe is not a conspiracy theory, it is pure practice.” The Hungarian leader also said that liberal ideology had suffered a major defeat due to Trump’s victory in the US. “The Trump tornado, has changed the world in just a couple of weeks. An era has ended,” he said. The sentiment was echoed by Le Pen, who also called for “renaissance of Europe” which she said could be achieved by establishing dialogue among different right-wing forces. Right-wing parties across the EU have grown in popularity over the past decade, with their electoral gains fueled by public discontent over rising immigration, especially from Africa and the Middle East, as well as economic instability.

Read more …

“In May, Erdogan severed trade ties with the Jewish state in response to the war, which he has consistently compared to the Holocaust.”

Trump’s Gaza Plan ‘Futile’ – Erdogan (RT)

Turkish President Recep Tayyip Erdogan has denounced US President Donald Trump’s proposal to take control of Gaza, calling it a meaningless plan pushed by the “Zionist lobby.” Trump floated the idea of the US owning the Palestinian enclave last week at a press conference alongside Israeli Prime Minister Benjamin Netanyahu. He reiterated his previous call to relocate the Palestinians outside Gaza, shifting the burden onto neighboring countries. Speaking to reporters on Sunday, Erdogan expressed Ankara’s firm opposition to any plan that would forcibly expel the Palestinian population from their homeland. “The proposals put forward by the new American administration regarding Gaza with the pressure of the Zionist lobby have nothing worth considering or discussing,” Erdogan told a news conference at Istanbul Airport before flying to Malaysia. Trump’s plan proposes transforming Gaza into what he describes as “the Riviera of the Middle East.”

Under the plan, displaced Palestinians would first relocate to Jordan, Egypt, and other Arab countries, with some eventually resettling in the newly developed area. Netanyahu has voiced support for the proposal, calling it the “first good idea” he has heard concerning the region’s future. Erdogan described the idea as “completely futile.” “No one has the power to remove the people of Gaza from their eternal homeland that has been around for thousands of years. Gaza, the West Bank, and East Jerusalem belong to the Palestinians,” he argued. Türkiye has been one of Israel’s most vocal critics throughout the Gaza conflict. In May, Erdogan severed trade ties with the Jewish state in response to the war, which he has consistently compared to the Holocaust. Trump’s initiative has been strongly opposed by key regional players, with Jordan, Egypt, the Arab League, and Hamas all rejecting it.

Global powers, including Germany, France, Brazil, Russia, and China, have also condemned the displacement proposal. Opponents of the plan argue that forced relocation would violate international law, with human rights groups calling it “ethnic cleansing.” Despite the criticism, Trump is reportedly pressing forward with diplomatic talks, seeking input from Arab leaders to refine his approach. Israeli President Isaac Herzog told Fox News on Sunday that the US president is set to meet with key Arab leaders, including the king of Jordan, the president of Egypt, and potentially the crown prince of Saudi Arabia, to negotiate the relocation of Palestinians. Saudi Arabia’s Foreign Ministry earlier strongly rejected the proposal, arguing that Palestinians are the rightful owners of their land, not “intruders” or “immigrants” who can be expelled at the will of the “Israeli occupation.”

Read more …

Noon Saturday.

Hasn’t Gaza been hell already for months? Not enough?

Trump Threatens To ‘Let Hell Break Out’ In Gaza (RT)

US President Donald Trump has issued an ultimatum to Hamas, demanding the release of all remaining Israeli hostages held in Gaza by midday Saturday, and warning that failure to comply would result in “all hell” breaking out. On Monday, Hamas threatened to halt the release of additional hostages, accusing Israel of violating the terms of the fragile ceasefire agreement by preventing displaced Palestinians from returning to northern Gaza, restricting the delivery of humanitarian aid, and delaying negotiations for the second phase of the deal. In response, Israel alleged that Hamas’s actions constituted a complete breach of the agreement, under which the militant group pledged to initially release 33 hostages in several batches in exchange for 1,904 Palestinian prisoners held by Israeli authorities.

“I have instructed the IDF to prepare at the highest level of alert for any possible scenario in Gaza,” Defense Minister Israel Katz stated. Speaking to reporters at the White House on Monday, Trump said the future of the ceasefire would be “Israel’s decision.” “But as far as I’m concerned, if all of the hostages aren’t returned by Saturday at 12 o’clock – I think it’s an appropriate time – I would say cancel it, and all bets are off. Let hell break out,” Trump said. “We want them all back,” he added, insisting that the hostages should be released all at once, “not in dribs and drabs, not two and one and three and four and two.” Asked to clarify what punitive measures he envisions, Trump reiterated that “all hell is going to break out.”

“You’ll find out. And they’ll find out too. Hamas will find out what I mean. These are sick people,” he added. Last week, Trump floated the idea of the US taking control of the Palestinian enclave during a press conference alongside Israeli Prime Minister Benjamin Netanyahu. He proposed transforming Gaza – left in ruins after 15 months of war between Israel and Hamas – into what he described as “the Riviera of the Middle East.” As part of the plan, he suggested relocating Palestinians to neighboring Arab countries while the area is redeveloped. On Monday, he threatened to withhold aid to Jordan and Egypt if they refused to take Palestinian refugees. The move would amount to “ethnic cleansing” and a “crime against humanity,” Bassem Naim, head of Hamas’s political branch, told RT in an exclusive interview on Friday.

Read more …

“..it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time..”

Altman claims “Musk previously supported turning OpenAI into a for-profit but walked away because he couldn’t get control of it.”

Musk And Altman Throw Punches Over Control Of OpenAI (ZH)

Elon Musk is leading a group of investors in a $97.4 billion offer to purchase the nonprofit that controls OpenAI – the makers of ChatGPT, – and which Musk was an original investor in. On Monday, Musk’s attorney Marc Toberoff said he submitted the bid to OpenAI’s board of directors in an unsolicited offer that could upend OpenAI CEO Sam Altman’s plans to convert it into a for-profit company, as well as plans to spend up to $500 billion on AI infrastructure through the so-called ‘Stargate’ joint venture, WSJ reports. “It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement provided by Toberoff. “We will make sure that happens.” Altman and Musk co-founded OpenAI in 2015 as a charity. In 2019, after Musk left the company and Altman became chief executive, OpenAI created a for-profit subsidiary that has served as a vehicle for it to raise money from Microsoft and other investors. Altman is in the process of turning the subsidiary into a traditional company and spinning out the nonprofit, which would own equity in the new for-profit.

One of the thorniest questions in the conversion has been how the nonprofit will be valued. Musk’s bid sets a high bar and may mean that he, or whoever runs the nonprofit, would end up with a large and possibly controlling stake in the new OpenAI. The bid is being backed by xAI – Musk’s own artificial intelligence company, which could end up merging with OpenAI following a deal. Other investors in the potential deal include; Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital and 8VC, a venture firm led by Palantir co-founder Joe Lonsdale. And who else? Ari Emanuel – CEO of Hollywood company Endeavor (and the brother of Democrat operative Rahm Emanuel) – who was portrayed in Entourage. Altman responded to the offer with a “no thank you,” adding “but we will buy Twitter for $9.74 billion if you want.” [..]

Musk has filed several legal complaints against OpenAI, accusing the company of betraying its original mission as a nonprofit by creating the for-profit arm, as well as colluding with Microsoft, its biggest investor, to dominate AI development. On Jan. 7, Toberoff sent a letter to the attorneys general in California, where OpenAI is based, and Delaware, where it is incorporated, asking that they open up bidding for the company to determine the fair market value of its charitable assets. Musk and other critics have said they believe OpenAI may undervalue the nonprofit when they spin it out. OpenAI has called Musk’s legal claims baseless and overreaching and said the nonprofit will receive full value in its ownership stake of the for-profit. The company released documents in December that it said showed Musk previously supported turning OpenAI into a for-profit but walked away because he couldn’t get control of it. -WSJ

What’s more, Toberoff says Musk and team is prepared to match or exceed any bids higher than their own. “If Sam Altman and the present OpenAI Inc. Board of Directors are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time,” he said. The move to buy OpenAI comes weeks after Altman appeared next to newly inaugurated President Donald Trump and other business leaders to announce a plan called “Stargate,” which would invest up to $500 billion over the next four years in US data centers – a plan which Musk talked mad shit about, claiming that the project’s backers didn’t have the cash for, and calling Altman “a swindler.”

According to the report, OpenAI was already facing several hurdles on their path to converting from a charity to a for-profit company, with rival firm Meta Platforms sending a letter to California’s attorney general in December expressing opposition to the plan, and OpenAI remaining stuck in negotiations with Microsoft and other stakeholders over how much equity should be allocated to whom. The original plan was to complete the transition by later 2026, with a $6.6 billion funding round in October which valued the company at $157 billion. Separately, the company has been in talks to raise up to $40 billion in new funding at a $300 billion valuation in a round led by Japanese conglomerate SoftBank, which would invest between $15 and $25 billion itself

Read more …

Dr Fu Manchu.

Deepseek Compared To ChatGPT On The Ukraine War – Who Is Winning? (Helmer)

The last Chinese as clever, as profiteering, and as popular in the imagination of millions as DeepSeek was Dr Fu Manchu. “Imagine a person, tall, lean and feline, high-shouldered, with a brow like Shakespeare and a face like Satan,” wrote his creator Sax Rohmer, the alias of an Englishman: “invest him with all the cruel cunning of an entire Eastern race, accumulated in one giant intellect, with all the resources of science past and present …Imagine that awful being, and you have a mental picture of Dr. Fu-Manchu, the Yellow Peril incarnate in one man.” Appearing first in 1912, educated at several western universities, the “Chinese devil’s” plots were aimed at combating fascism, communism, and the British empire. His methods included honey-trap girls, poisons, germs, spiders, and unspeakable tortures. He was a caricature of western fear of the superiority of the Chinese race.

DeepSeek is his new name; the racism is the same. According to a US government-backed report issued a few days ago, DeepSeek is “highly biased as well as highly vulnerable to generate insecure code, toxic, harmful and CBRN [Chemical, Biological, Radiological and Nuclear] content.” Open AI, the US government-connected company which owns the competing ChatGPT, has declared the Chinese villain is a thief. “DeepSeek may [sic] have inappropriately distilled our models…We take aggressive, proactive countermeasures to protect our technology and will continue working closely with the US government to protect the most capable models being built here.” Last December the New York Times launched court action against Open AI, accusing it of the same plagiarism on which Open AI is now relying in its attack on DeepSeek. “Independent journalism is vital to our democracy,” the newspaper claimed.

“For more than 170 years, The Times has given the world deeply reported, expert, independent journalism… Defendants’ unlawful use of The Times’s work to create artificial intelligence products that compete with it threatens The Times’s ability to provide that service. Defendants’ generative artificial intelligence (“GenAI”) tools rely on large-language models (“LLMs”) that were built by copying and using millions of The Times’s copyrighted news articles, in-depth investigations, opinion pieces, reviews, how-to guides, and more…The law does not permit the kind of systematic and competitive infringement that Defendants have committed. This action seeks to hold them responsible for the billions of dollars in statutory and actual damages that they owe for the unlawful copying and use of The Times’s uniquely valuable works.”

This is the first time in US federal court history that the reproduction of government deception operations and propaganda by newspaper reporters has been subjected to a test, not of the espionage statute as in the Ellsberg and Assange cases, but of the copyright laws. A month later, the New York Times attacked DeepSeek, not for plagiarising the Times, but for reproducing Chinese government propaganda. “If you’re among the millions of people who have downloaded DeepSeek, the free new chatbot from China powered by artificial intelligence, know this: The answers it gives you will largely reflect the worldview of the Chinese Communist Party. Since the tool made its debut this month, rattling stock markets and more established tech giants like Nvidia, researchers testing its capabilities have found that the answers it gives not only spread Chinese propaganda but also parrot disinformation campaigns that China has used to undercut its critics around the world.”

This is no more than one press pot calling another media kettle black. But with billions of dollars at stake in the stock market capitalisation of the American and Chinese companies producing Artificial Intelligence (AI) systems, this is also a battle of the propaganda operations of the US government in the wars it is currently waging. For a test of this warfighting, DeepSeek has been questioned on issues of the Russian war in the Ukraine and the US war against Russia. Its answers, which follow verbatim, reveal no evidence (repeat no evidence) of Chinese backing for the Russian side. Instead, surprise (repeat surprise) – there is evidence that DeepSeek is no more capable than Chat GPT of distinguishing between propaganda and truth. So long as DeepSeek trains on the English language and answers questions from the current English-language database and large language model, this is inevitable. Resisting English-language dominance in AI is now Kremlin strategy.

Read more …

 

 

 

 

RFK Monsanto

 

 

Elon Rogan Mars
https://twitter.com/i/status/1888810863131263196

 

 

Coast guy

 

 

Street art

 

 

Family
https://twitter.com/i/status/1888849750385918222

 

 

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

 

 

 

 

 

Home Forums Debt Rattle February 11 2025

Viewing 40 posts - 1 through 40 (of 51 total)
  • Author
    Posts
  • #181936

    Robert Rauschenberg Buffalo II 1964   • Trump Orders 25 Percent Tariffs on Steel and Aluminum (ET) • Trump: DOGE To Analyze Pentagon Spending Aft
    [See the full post at: Debt Rattle February 11 2025]

    #181940
    EoinW
    Participant

    Canada as 51st state is back on the table again? Now I open FB and have a 64 year old friend, a grandmother, whose going to get a gun and die for Canada! There really are no limits to TDS.

    The fact is that the USA has never been more divided in its history. The 19th century divide was political. The 21st century divide is cultural…and that is terminal.

    In the next few years it is more likely some blue states will want to become the 11th province.

    #181941
    Dr. D
    Participant

    Look guys: “America doesn’t grow food!” — Love, geniuses at The Atlantic.

    “What an ‘America First’ Diet Would Really Look Like:
    The notion that the U.S. could produce all of its food domestically is nice, but very far from reality.” The Atlantic

    “How Close Is Elon Musk to Controlling a Nuclear Weapon? And is nuclear cleanup woke?” — The Verge

    Inquiring minds want to know! Page three, Batboy strikes again! Actually he slipped a few in his pocket on the way out! Joke’s on him: none of our nukes are operational anyway. That takes money and we stole it all!

    “Excellent summary of the game plan”

    It’s been said Government is not a Business and shouldn’t be run the same way. This is entirely true. However, in that case makes this specific example BETTER. Because Government doesn’t have “Profit”, it’s all taxes. So reducing head count while keeping features is exactly a win.

    “• Trump Orders 25 Percent Tariffs on Steel and Aluminum (ET)

    This may be painful, but what can you do? Not sure it’s “fair” either, but it wouldn’t shock me if China were an intentional loss-leader to destroy us. They do. He needs all this right now bc there’s going to be a Reagan Recession (or far worse) on the restructuring and Steel Companies need the full four years of visibility to borrow and install this extremely expensive capital equipment.

    If we don’t, however, we are entirely helpless. Which we probably are right now.

    Pentagon Video: not only did she not know, she thought the very idea anyone should know or look was laughable. Impossible, risible. Probably arrestable.

    “Musk, who has been appointed as a “special government employee,” is one of Trump’s key advisers”

    He’s doing fine, however the Treasury Secretary isn’t allowed inside the Treasury building to look at Treasury Records. …Cause there are no problems there and everything’s Jake.

    “It is the thing of legend, a Beltway monster that you told your children about around campfires late at night: An outsider who comes to town and lays waste”

    They pointed out that the Democrats are taking the 20 on every 80/20 issue with the American people. Defending Federal Employees while killing American workers is just one.

    “• Sen. Mike Lee Floats Ron Paul For Fed Chairman, Musk Says ‘Amazing’ Idea (JTN)

    Going back, the original “America First” plan, probably as far back as 1979 was to have Ron Paul President. That’s why he was ring-fenced and protected all those years. The only clean one around. But since the Black Hats cut thousands more inroads and took far longer, delayed 20 years or more, that didn’t go off well.

    “• DOGE: FEMA [Illegally] Sent $59 Million Last Week To Luxury NYC Hotels For Illegals (ZH)

    Meme: “Repeat after me, DOGE has found nothing illegal! Just policies they don’t like.” Uh-huh. Okay if you mean in the non-used ultra-strict legal sense that no one has been actively convicted in court yet… It’s only been 5 days.

    “• Canada ‘Not Viable’ Without US Support – Trump (RT)

    Uh…I don’t think so. I think you mean “Canada is a major trading partner.” That’s an entirely different statement. As much as I believe this, USAID and everyone else is transferring Billions, I can’t believe that if the U.S. disappeared and Canada was a large island, that they wouldn’t be mostly fine after adjustment. Srsly.

    “• Trump Wants Ukraine To Pay Back $500 Billion (RT)

    Now that would be funny. Also since Ukraine is a fully owned subsidiary of BlackRock, we’re really pulling Half a Tril from them. Germany is in trouble this week as their election is from the German CEO of Blackrock, who then says he wants German soldiers to invade to protect Blackrock’s Ukrainian investments. Uhhh…no. (ok, de facto not literally on that)

    “• Ukraine Sells US Weapons To Mexican Drug Cartels – Tucker Carlson (RT)

    Not a single weapon reaches Ukrainian hands. They are all stolen and sold by oligarchs first. …Back originally, I bet 90% that Russia was buying the Soviet weapons through a 3rd party (like Turkey). Now they’re all NATO junk, who would want it?

    What he’s saying is also proven: literally stamped s/n weapons have been taken at the U.S. border.

    “Warfare on Lawfare
    “This feels like a national exorcism.” — Charlie Kirk”

    Well their heads are certainly spinning around.

    “Yeah, let’s start a second army. Does she represent anything other than the arms industry?
    • EU’s von der Leyen Calls For Alternative To NATO (RT)

    Second question: is there any European production at all? French jets are nice, but I fear out of date. Clearly all tanks are 60 ton paperweights. I mean, can they make like, shells, bullets, jeeps? It would seem not or they would. So refusing to buy from us means what, be’ Lyin’? Duran also is beside themselves, out of body experience for Europe saying “Well we’re just going to do this” …and they SHOULD!! …While every budget in Europe is collapsing the the people are about to hang them on sight. So psychotic in denial of reality – apparently nobody does this better than Europe which is the reason for them begin the world epicenter for genocidal wars. They’re just like, “Well we need this, so it happened!” No. It didn’t happen. You know why? Because Reality Exists.

    Nothing – and I mean NOTHING – can get through to them. Because: Europeans. Or rather, European Lords and Nobilities. Rumor has it some of the peasants fled the CONTINENT to get away from these guys.

    “• EU’s Right Calls For New ‘Reconquista’ Against ‘Islamist Advance’ (RT)

    Ouch. I tell you if I were Swedish I go back to Cote d’Ivorie. Even as a 2nd generation right now, I cannot see how this ends well and Sweden, Germany, are the ends of the earth at the end of History, while Africa is young, hot, and full of possibilities.

    “• Trump Threatens To ‘Let Hell Break Out’ In Gaza (RT)

    He’s full of crap. https://odysee.com/@cryptorich:e/halexfeb:d As Krainer said “It’s so dumb it’s impossible for it to be real” What he’s done is box in Nutsy and try to settle a genocide if not stop it. It’s extremely hard for them to move forward or do anything if Trump claims the whole area, WHILE he has to talk to every ME leader at length which runs out the clock more. They seemed clear he ambushed Nutsy with it, demanding his presence while he was still recovering from (dick) surgery. Smiling, of course. Nice guy, giving you everything you want. There’s no other read at this point, ain’t no one putting boots on the ground, by which those boots also don’t exist.

    No? Okay the entire Israeli army didn’t make a dent, and our people anywhere in theatre are what? And how many? 5-10k and we’d surrender everything from Athens to India by moving them? C’mon man, use your head. This. Is. Bulls–t. It is not real. It is an ex-idea.

    Trump has one, and I mean only one, pass play. He wrote about it to 100 million copies in 1990: The Big Ask. So outrageous, it baffles and resets the conversation and negotiation. He’s used it every 10 days for 50 years in a row. Media: Still surprised and baffled. Can’t figure it out.

    It’s like the throwing of bologna on a baby’s head. https://www.youtube.com/watch?v=xf06VaWtg5o

    Arrows ======>>> Cheese…. ===========>>>> The Idiot Media.

    Does he need to get out the cat laser again, and make you all chase around. Jesus H. Christ I can’t believe what I’m seeing every day. No. this is not real. No. It never was, same as yesterday, same as every 10 days for 50 years in a row.

    #181942
    poppie
    Participant

    Confirmation stats. Each day with votes has 2 or 3 votes. This past Thursday had 12. Mostly to proceed to executive session. I think that means out of committee. Friday 0 votes. Looks like the boys and girls got a 3 day weekend out of Thursday.
    Only one vote yesterday, cloture on Gabbard. I think that means the debate is closed. The definition of cloture includes 60 votes for. It never gets 60, but it is still “agreed to”? Whatever.
    https://www.senate.gov/legislative/LIS/roll_call_lists/vote_menu_119_1.htm

    #181943
    those darned kids
    Participant

    “Because Government doesn’t have “Profit”, it’s all taxes.”

    this is incorrect. governments are funded with money we purchase from private corporations.

    #181944
    those darned kids
    Participant

    25 – 44 year olds. warp speeded, they were..

    #181945
    those darned kids
    Participant

    #181946
    those darned kids
    Participant

    Mortality Trends Among Early Adults in the United States, 1999-2023

    https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2829783

    #181947
    those darned kids
    Participant
    #181948
    zerosum
    Participant

    a level playing field.
    Need 25% tariffs to pay for
    “a lot” of waste, fraud and abuse.

    Trump Budget must be approved by March 14, 2025.

    USAID is the ultimate example of a bloated agency with a high percentage of funding going to administrative costs over field operations. The State Department reportedly plans to reduce the USAID workforce from over 10,000 to less than 300.

    • Trump: DOGE To Analyze Pentagon Spending After 7th Failed Audit (ZH)

    https://x.com/RealAlexJones/status/1888766525454373049?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1888766525454373049%7Ctwgr%5E3d767925403c87eb2439562cd60e499970a269b8%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.theautomaticearth.com%2F2025%2F02%2Fdebt-rattle-february-11-2025%2F

    Obama Judge Who Ordered Elon Musk’s Fraud Investigators To Destroy All Evidence Of Criminal Activity They Had Discovered Presented NO EVIDENCE Of Wrongdoing By DOGE In His Orders

    The Judge, In His Pitifully Short Filing, Presents ZERO PROOF Of His Dangerous & Defamatory Claims Against The Trump Administration.

    (In other words, If you find anything, evidence, you got to destroy it.
    You cannot keep/present any evidence, proof of wrong doing.)

    ————
    • DOGE: FEMA Sent $59 Million Last Week To Luxury NYC Hotels For Illegals (ZH)
    “..a “clawback demand will be made today to recoup those funds.”
    ———
    https://www.commerce.gov/sites/default/files/2024-04/FY2025-Budget-in-Brief.pdf
    The Department of Commerce – Budget in Brief – Fiscal Year 2025
    Gina M. Raimondo, Secretary

    ————
    • Trump Wants Ukraine To Pay Back $500 Billion (RT)

    US President Donald Trump has said he wants to secure a deal with Kiev to ensure Washington gets its money back by trading aid for Ukraine’s rare-earth minerals – regardless of whether “they may be Russian someday.”

    According to Forbes, around $7 trillion of Ukraine’s total mineral wealth is located in its former Donbass regions of Donetsk and Lugansk, which declared independence from Ukraine in 2014 following the Western-backed Maidan coup in Kiev.
    Most of these territories came under Russian control after Donetsk and Lugansk voted to join Russia in 2022.
    —————

    Danger of Deep Worldwide Recession in 2025 – Ed Dowd


    • Danger of Deep Worldwide Recession in 2025 – Ed Dowd (USAW)
    ————–
    • Warfare on Lawfare (Kunstler)

    The injunction, comically, prevents Treasury Secretary Scott Bessent from seeing what his agency doles out money for — that is, from managing anything his department does.
    The suit that prompted the ruling was brought by nineteen states’ Attorneys General led by NY AG Letitia James.
    So, you see how this works.
    You must also imagine that the White House was prepared for these lawfare shenanigans, though they haven’t shown their hand in response so far.
    This is a constitutional quarrel, of course, since it concerns who has authority between the executive, the legislature, and the judiciary over agency spending and, in particular, who gets to audit it.
    The actual objective by the plaintiff in these cases (the Party of Chaos) is simply to delay any corrective action.
    ———–

    #181949
    D Benton Smith
    Participant

    @DrdRich
    I was offended not hurt, and my complaint has nothing to do with whether or not you read or value what I write.

    If what you said about your not reading my posts is a true claim (a doubtful proposition) then your offense is doubled, not forgiven, because if you don’t even read what I say then you have absolutely no right to comment about it, or about me.

    You continually allude to a misinformed characterization of me as someone with mistaken opinions about Jews.. Well, if you don’t even read my opinions how could you possibly know what my opinions about Jews even are? How could you possibly know that I wasn’t fully agreeable with your own mistaken views?

    Here is what I want from you. Either read and comment rationally about my commentary, or keep your own unfounded opinions about my opinions (and me in general) to yourself. Knock off the Jew stuff unless it is to agree or disagree with something I actually wrote and that you actually read.

    P.S.
    It probably wouldn’t harm you at all to actually read my stuff. You might learn something.

    #181950
    D Benton Smith
    Participant

    @ThoseDarnedKids

    Interesting mortality stats. Even the fudged statistics prove that the killer vax killed people in droves.

    #181951
    poppie
    Participant

    I finally found the easy to read list if what the senate plans to do today.
    https://www.senate.gov/committees/hearings_meetings.htm
    The link appears to be atemporal. not date specific. same link every day.

    #181952
    jb-hb
    Participant

    https://i0.wp.com/www.barnhardtmemes.com/wp-content/uploads/2025/02/img_2189-1.jpg?resize=768%2C685&ssl=1

    https://i0.wp.com/www.barnhardtmemes.com/wp-content/uploads/2025/02/img_2143-1.jpg?w=768&ssl=1

    #181953
    phoenixvoice
    Participant

    Order blocking doge from treasury records

    One ironic part of this…
    The HIPAA law creates all sorts of safeguards around personal health information. However, in practice, and according to the law, such health information is routinely viewed, accessed, shared, and even edited by a plethora of health-related individuals who have “business agreements” with the health provider with primary responsibility over the data. Essentially, the business agreement outlines that the business partner promises to honor HIPAA and safeguard the information, and that is that.

    It is reasonable to suppose that the same would be true of doge — the individuals in doge “super-duper promise” not violate the security of the data.

    In practice, the data is too vast for it to be quantified by any individual or small group of individuals — not even Elon Musk’s brain can handle even a small part of it. There is no realistic concern about the individuals having access to the data. What is more relevant is the computer system (probably an AI of some flavor ) that has access to the data and the disposition of that data. That computer system should probably either become a perpetual part of the federal government or should, quite frankly, have the data purged from it once doge has completed its task.

    #181954
    kultsommer
    Participant

    Member of a tiny club that he’s in, Max, as always shedding light on the truth.

    #181955
    D Benton Smith
    Participant

    Something really peculiar happened to me this morning, Through sheer dumb luck, stubbornness and an innate disinclination to cheat people, I accidentally became rich. Rich by my own modest standards at least. In other words, I went from a condition of never having quite enough money to live like an average citizen, to now having more than enough money to live out my days with no financial hardships whatever.

    What a strange feeling. The funniest part of it is that I now care even less about money than I did before (which was seldom very much) and I also now have absolutely no desire to go out and buy anything that I don’t already have (I have lots and lots of the tools of my various trades, and not much else.)

    In other words, almost nothing has changed, not even my mind. About the only difference is that I feel this sense of relief, and the knowledge that from now on whenever I give something away I don’t have to worry about it anymore.

    #181956
    jb-hb
    Participant

    Did “they” remember to keep funded people and entities in different containers? Firewalled off from each other?

    …or if you find an entity that received USAID funding and then check it for OTHER funding and backtrack, what other funding sources do you find? …now that you know most things you discover receiving USAID are awful.

    TWO ways of finding the subversive anti-US, anti-world, anti-human funding then. The second one being backtracking.

    https://i0.wp.com/www.barnhardtmemes.com/wp-content/uploads/2025/02/img_2242-1.jpg?w=500&ssl=1

    #181957
    D Benton Smith
    Participant

    @jb-hb

    That’s right, and the $60 Billion USAID budget was basically just the administrative costs of fully controlling the $6T “swamp” budget. It looks and and runs like a perpetual motion machine, but in truth it takes all of it’s energy from the life blood of its victims.

    #181958
    Dr. D
    Participant

    BillionsandBillions

    #181959
    Dr. D
    Participant

    Actually might just follow the Thing:
    The Sushi Party
    https://substack.com/home/post/p-156443349

    #181960
    jb-hb
    Participant

    Do they have those DOGE guys in a sort of witness protection program? Cordoned off by layers of marines and secret service? Sleeping and working in a bunker?

    What must the blob be throwing at those guys right now? Surely every conceivable background check. Checking their internet history to discover their kinks and launching 50-100 honeypots at them?

    Just a continual DOS attack of honeypots? Attempts to snare them into any number of crimes or smears, get criminal shit downloaded to their computers? Seeing what they can do to continually low grade poison them in their Doordashes, online supplement orders, whatnot? Directed energy from vans outside, satellites? Soak everything in their hotel rooms with formaldehyde so it continually outgasses and poisons them every time they come back to sleep? Deploy the latest nanotech to slowly, over days, creep to the seat where they work? I can only imagine all the dirty tricks.

    Why would the blob NOT say “fire all our shit.” What tremendous efforts must be underway to play defense for the DOGE people? Or are they being naive and we’re just waiting for the Blob to get in gear? Or what battles are occurring, unknown to anyone?

    #181961
    jb-hb
    Participant

    600 Million a year for sushi!

    Definitely turn off the funding, but I do not believe the money went towards actual food. Maybe there was some 80/20 thing where 20% or less of it went to actual sushi.

    #181970
    D Benton Smith
    Participant

    I understand why the pathological parasites who have been living off of us are screaming so loudly in fear and anger at the actions we are taking to save our lives. The parasites are terrified because we are threatening to take away all of their food.

    #181971
    D Benton Smith
    Participant

    The USAID budget does not represent purchases of real goods and legitimate services. It represents payoffs and bribes masquerading as purchases of actual things. That way, both parties to the bribe can pretend that it isn’t simply a straight out bribe or payoff. The Japanese can pretend that they sold sushi and the Yanks can pretend they bought sushi, when the truth of the matter is that the United States paid Japan a $600.000,000 bribe to play ball and play along like they’re our friend and ally.

    It’s like paying Bill Clinton half a $million to address a jerkwater graduating class, or giving some avante garde “artist” tens of millions for a spray painted trash can of second hand condoms that’s praised by other paid-off sycophants as an invaluably significant work of art.

    Don’t read the labels. Look at the actual person, deed or thing.

    #181972
    zerosum
    Participant

    Make the order bigger if the tariffs are put on steel and aluminum.

    Polar Icebreaker


    Canada’s new Polar Icebreaker will be the Canadian Coast Guard’s multi-role vessel and is designed with a high degree of operational flexibility to support multiple missions and will be capable of year-round operations in Canada’s Arctic waters and northern Economic Exclusion Zone. Some of these missions include Search and Rescue, Environmental Response, Marine Navigation, Icebreaking and Arctic Science. The Polar Icebreaker will 
also support Community and Northern Resupply missions through escort icebreaking to allow commercial fleet owners to deliver goods. The Polar Icebreaker can also deliver goods directly when commercial options aren’t available. This vessel is configured to minimize the crew and mission personnel’s exposure to extreme weather conditions, making the Polar Icebreaker a vital instrument to carrying out important Canadian Coast Guard missions in the Arctic.

    #181973
    D Benton Smith
    Participant

    The existential threat to the Blob, which they are acutely aware off, is that any and all reduction in crime has a direct effect of reducing of their ability to do what they must do to stay in power.. That probably needs to be said again but in a slightly different way. The blob is organized crime (way way more organized than the tiny mob or minuscule Mafia) therefore less crime means less Blob in probably a 3 to 1 ratio (every single crime creates and funds 3 or more other, larger, crimes, in a feedback loop).

    #181974
    those darned kids
    Participant

    operation warp speed was funded for the nsc through dod purchasing arrangement known as “other transaction authority”.

    i wonder how many usaids fit in an “ota”.

    Feb 7, 2024Other Transaction Authority (OTA) is the term commonly used to refer to the (10 U.S.C. 4021) authority of the Department of Defense (DoD) to carry out certain prototypes, research, and production projects.Other Transaction (OT) authorities were created to give DoD the flexibility necessary to adopt and incorporate business practices that reflect commercial industry standards and best practices …

    #181975

    #181976
    John Day
    Participant

    Go Chuckee Schumer!
    Let your light shine among men!
    ;-/

    #181977
    Just Some Randomer
    Participant


    Something really peculiar happened to me this morning, Through sheer dumb luck, stubbornness and an innate disinclination to cheat people, I accidentally became rich.”

    Congratulations! Enjoy the sublime sensation of freedom from financial obligation.

    #181978
    D Benton Smith
    Participant

    @JustSomeRandomer

    . . . freedom from financial obligation.

    That’s it exactly. No wonder it feels so strange. It’s the first time I’ve experienced that in my lifetime.

    #181979
    D Benton Smith
    Participant

    I guess getting our ass kicked out of Iraq, Afghanistan and Ukraine has not been sufficient humiliation for the dying Empire. Now they want to do it again in Palestine. Trump isn’t worried about following his Master’s orders.. He reckons it’s all going to be other people dying. No skin off his own nose.

    Let me ask a question to the room. Would you consider that our children killing children, and dying, for an Israeli land grab is a fair trade of value?

    #181980
    D Benton Smith
    Participant

    Just because Trump can force the King of Jordan to make promises that he can’t keep (like accepting half a million new Gazan refugees into his country which already barely manages to manage the 3 million Palestinians already uneasily there) does not mean that such a transfer can actually happen.

    What will happen, instead, is that the Gazan war will spread into Jordan.

    Trump has at least one part of that right. All Hell will indeed break loose if the cease fire is broken by direct US military assault.

    He can control what he, and Netanyahu and King Abdullah attempt to do, but he has no control whatsoever over what Hamas and the other Islamists in the region choose to do. He’s playing the game of chicken with people who have nothing to lose and have already proven they are willing to die.

    I personally believe that the forced wholesale removal of Palestinians from their ancestral land to be totally unacceptable, and I also believe that the vast majority of the people in the world believe the same thing.

    #181981
    Celticbiker
    Participant

    It’s not reality. It’s Reality TV. The Joe Bumblefuck Show, 4 years of commie misery gets replaced by The Apprentice Golem and his trusty sidekick, geniusjew spaceboy. Don’t worry kids, we’re gonna fix all the problems we created in the first place. like magic, or printing $ from nothing. Tune in tomorrow, when jewgeniuspaceboy figures out where the missing 21 trillion went. Oy Vey! It’s on Mars. We gotta build a rocket to get the money stolen from our pocket.

    #181982
    Michael Reid
    Participant

    #181983
    Michael Reid
    Participant

    #181984
    Michael Reid
    Participant

    #181985
    jb-hb
    Participant

    Gaza was probably the price for Israel to help with internal US problems.

    It is possible that, in the negotiations for that, Trump was negotiating for the Palestinians to get SOMETHING, thus his talk of making sure they land in a decent situation. Wrong to relocate the population, but IF I had a country like Israel determined to eject me from my home or kill me and possibly unstoppable in the long run, I would have mixed, rather than only negative feelings, about Trump negotiating my situation.

    Saul negotiating with Tuco – BOTH of them proposing awful things…

    #181986
    WES
    Participant

    BIS Gold Swaps:
    *
    The Bank for International Settlements (BIS) is the central bankers ‘s bank.
    One of the BIS’s services provides ann̈onomatopoeia (never seen̈ this word before!) gold swaps.

    Up until June 2022, the BIS swapped 500 tons of gold a month.
    Then suddenly in July 2022, BIS gold swaps fell to about 100 tons of gold per month.

    BIS gold swaps have remained about 100 tons of gold swaps per month up until December 2024.
    In January 2025, BIS monthly gold swaps fell from 78 tons down to just 16 tons of gold.

    Now admittedly BIS monthly gold swaps have since July 2022, previously dropped as low as 6 tons of gold.
    What is unusual about the BIS’s monthly gold swaps report for January 2025, is that it was late.

    So, the speculation now is, no major central bank is trying to suppress the price of gold in 2025.
    Well, I will believe it, went I see it!

    Observations from Mid 2022:

    Up until 2022 we always heard about the evil JP MORGAN’s gold manipulation efforts on behalf of the US governmen.
    JP Morgan went years without a single losing day in the markets!

    Now the thing about evil JP Morgan, is while they were manipulating gold, they also with their daily profits, built up huge physical stockpiles of gold and silver!
    Like billions of ounces!
    JP Morgan’s physical hoard was so big that they were making money whether gold or silver prices went up or down!
    JP Morgan no longer cared what happened to gold or silver prices because they were making money either way!

    It got to the point that any other banks still trying to manipulate gold or silver, ended up having to borrow gold or silver from your favorite loan shark, JP Morgan!
    Then slowly but surely, we stopped hearing from these other bullion banks, as they were losing money, so they shutdown their trading departments.

    So since the end of 2022, we no longer heard much about gold and silver market manipulations?
    Oh, it was still being manipulated, but just without the bullion bank servants!
    The BIS was still actively
    Like India’s import tariffs on gold going up and then down to manipulate gold prices.
    The US/EU confiscating Russia’s central bank’s foreign reserves.

    While the above gold manipulation noises were slowly dying down, various central banks around the world started buying gold.
    Seizing Russian central bank reserves really speeded up central bank gold buying.
    China lead in this department, buying over 600 tons in London, of gold in 2024.

    But another noise started quietly popping it’s head up occasionally.
    The possibility of gold being revalued by the world’s central banks.

    Support for some central bank gold buying efforts stems from the belief that all the world’s important central banks need to hold a certain proportion of gold, so if gold were to suddenly, on a quiet Sunday, when all the markets are closed, be devalued upwards, they would all benefit equally, maintaining the statis quo.
    Yeah, you know, honor among thieves!

    Another conspiracy theory says the central banks are letting gold devalued gold in steps over certain time period.

    More, likely just the US deciding it was time, to revalue gold!
    You know, unpayable debts, back to wall, cliffs edge, and all!
    Clearly the Chinese and Russians won’t be caught short of gold!

    Sorry. my tale has to end now, as my Wife is hungry and wants some supper!
    So, now I am being turned from a gold bug, into a chef!

Viewing 40 posts - 1 through 40 (of 51 total)
  • You must be logged in to reply to this topic.