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Raúl Ilargi Meijer

Debt Rattle March 27 2023

Mar 272023
 
 March 27, 2023  Posted by at 8:55 am Finance Tagged with: , , , , , , , , , ,  46 Responses »


René Magritte The seducer 1953

 

• Us ‘Shoots Itself In Foot’ By Limiting Use Of Dollar – Putin (TASS)
• Russian Economy Will Remain Balanced – Medvedev (RT)
• China Could Be ‘Safe Haven’ Amid Banking Turmoil – Citi (RT)
• China and Russia Top List Of States With Largest Trade Surplus (RT)
• What You Must Know About Russia & China, But Were Afraid To Ask (Lukyanov)
• Seizing Russian Assets Is ‘Challenging’ – EU Task Force Head (RT)
• Russia To Make Three Times More Ammo Than West Promised Kiev – Putin (RT)
• The United States Is 13 Years Behind In Ammunition Production – NYT (Y!)
• Berlin Weans Itself Off Russian Gas To Become US LNG Addict – German MP (RT)
• UN Security Council To Vote On Nord Stream Sabotage Draft Resolution (TASS)
• US Becoming A ‘Banana Republic’ – Trump (RT)
• The Donald Trump Problem (Chris Hedges)
• Global South Solidarity Is The Key To Lifting Up Central America (Blankenship)
• Italians Refuse to ‘Eat Ze Bugs’ (DS)
• Agatha Christie Novels Reworked To Remove Potentially Offensive Language (G.)
• Eminent Oxford Scientist Says Wind Power “Fails on Every Count” (DS)

 

 

 

 

Putin 23 years

 

 

 

 

Putin Mariupol

 

 

Mayor

 

 

 

 

Tucker Thorp

 

 

 

 

Macgregor

 

 

Yellen

 

 

 

 

“We would use the dollar, but they do not let us..”

• Us ‘Shoots Itself In Foot’ By Limiting Use Of Dollar – Putin (TASS)

The United States does damage to itself by limiting the use of the dollar for situational reasons, Russian President Vladimir Putin said on the Rossiya-24 news channel on Saturday. “They saw off the branch they’re sitting on – I’ve been reiterating that – by limiting the use of the dollar based on momentary, situational considerations of political nature. They are harming themselves, and we might even add, they shoot themselves in the foot,” Putin said in an interview with journalist Pavel Zarubin. According to Putin, the United States’ claims that Russia is encroaching on the dollar are not true. “We would use the dollar, but they do not let us,” he explained. “How can we make payments? In a currency that is acceptable to our partners. The yuan is one of these currencies, especially since it is used by the International Monetary Fund.”


The Russian president emphasized that after the Russian gold and foreign currency reserves were frozen, all the countries in the world have wondered how reliable their US partners are. “And they have come to the conclusion that they are not reliable,” he noted. Putin underlined that Russia’s partners were happy to agree on payments in the yuan. “Do you know that the Middle Eastern oil-producing countries have announced they want to use the yuan for settlements? We will be gradually expanding this and will be expanding [the use] of the reliable currencies,” he said. Putin stated that now the dollar has certain advantages, compared to limitations on other currencies. “However, each country is determined to strengthen its national currency, and all the countries will strive to do so. Therefore, no doubt, it is a big mistake on the part of the US authorities that they restrict settlements in dollars around the world for the countries they do not like for some reason,” the Russian president concluded.

Putin dollar

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“..the EU is increasing its dependence on Beijing much faster than Moscow is..”

• Russian Economy Will Remain Balanced – Medvedev (RT)

Russia’s economy will not be reduced to the defense industry alone, despite the ongoing conflict with Ukraine and Western sanctions, former President Dmitry Medvedev told journalists on Sunday. Imbalances in the economy will not be allowed to develop, he said, adding that the country is unlikely to suffer the fate of the Soviet Union. “There is currently no threat of economic militarization in a way, in which it existed [in the USSR] in the 1970s and 1980s,” Medvedev said. The former president argued that the Soviet Union had given too much priority to the defense industry. To avoid such an imbalance, “priorities just need to be set correctly and major macroeconomic indicators monitored,” he added.

Russia does actually need to boost its defense industry, he admitted, adding that it is necessary to “lay the groundwork for the future” even after the Ukraine conflict ends. However, taking such steps will not affect other economic sectors, he believes. The USSR lacked a market system and also the strong consumer goods sector that modern Russia has, Medvedev said, adding that had the West imposed sanctions against the USSR at that time, “we would have had a hard time.” Now, Russia’s “market does not feel any colossal downturns even despite the sanctions,” the former president said. He particularly lauded Russia’s agriculture sector, saying that not only does it allow Russia to meet its own food supply needs but also enables it to “feed others.”

Russia has also managed to keep national inflation rate lower than in many European nations, Medvedev said. “They instigated this campaign, started to fight us and now some nations have an inflation rate of between 15% and 20%,” he said, noting that inflation in Russia is on track to come in at 6% in March and subsequently drop to 4%. Earlier on Sunday, Russian President Vladimir Putin also highlighted that the EU is increasing its dependence on Beijing much faster than Moscow is. RIA Novosti reported in March that Russia and China also topped the list of nations with the biggest trade surpluses last year.

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One year into increasing sactions, Russia is balanced, China is a safe haven.

• China Could Be ‘Safe Haven’ Amid Banking Turmoil – Citi (RT)

The unfolding banking crisis in the US and Europe, which has shattered investor confidence in the Western financial system, could highlight China as a “relative safe haven,” economists at Citi said in a note seen by CNBC. The Chinese economy could see accelerated expansion this year, giving the country a “hedge” for growth while economies in the US and Europe face heightened risk of financial disruption, according to the note. “We have long been discussing our view that China can be a major growth hedge this year – if anything, recent global banking stresses perhaps have strengthened this thesis,” a team led by Citi’s Chief China economist Xiangrong Yu reportedly stated.

“China could at least be a relative ‘safe haven’ given its growth premium, financial soundness, policy discipline and the new political economy cycle,” the economists argued. They pointed to the recent decision by the People’s Bank of China (PBoC) to cut its reserve requirement ratio (RRR), saying the move showed “reassurance of policy support amid global volatilities.” The regulator reduced the ratio for almost all banks by 25 basis points last week, with the move widely viewed as an attempt of ensuring liquidity in the banking system. “Perhaps taking lessons from what the US has been going through in recent years, the PBoC has been prudent in easing even during the pandemic era and may quickly switch to a wait-and-see mode once growth is back on track,” the analysts wrote.

They also noted the Chinese government’s restructuring earlier this month as part of the effort to ease financial risks. According to CNBC, Citi also expects to see the onshore yuan strengthening against the US dollar as soon as September, which would bring the renminbi to its strongest levels since April last year. “With the unintended and undesirable from aggressive interest rate hikes surfacing abroad, capital inflows into China could resume after they reopen trade if the recovery thesis plays out and political rerating is steadily ongoing,” Citi concluded.

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“Both countries broke their own records in 2022, with China’s trade surplus surging 30% to an all-time high of $877.6 billion..”

• China and Russia Top List Of States With Largest Trade Surplus (RT)

China and Russia became the world leaders in trade surplus last year, according to calculations by RIA Novosti based on data from the national statistical services of both countries. A trade surplus is an indicator of a positive balance of trade, where a country’s exports exceed its imports. Traditionally, by showing that local currency and resource inflow exceeds outflow, a surplus serves as an indicator of a healthy economy. Both countries broke their own records in 2022, with China’s trade surplus surging 30% to an all-time high of $877.6 billion. The country exported approximately $3.59 trillion worth of goods, a growth in export value of about 7% compared to the previous year. Imports, meanwhile, grew by only 1.1%, to roughly $2.72 trillion.

Russia increased its surplus 1.7 times over the year to a record $333.4 billion, claiming the second place among major economies. The country’s total exports reached $591.4 billion, up 19.9% from 2021. The surge was driven by the rise in energy sales, which made up the bulk of Russia’s foreign exports and reached $383.73 billion, a 42.8% year-on-year increase. Imports, however, slid 11.7% against the previous year to $259.1 billion. Analysts attribute the drop in imports to Western sanctions on Russia, combined with Moscow’s efforts toward self-sufficiency and import substitution measures. Saudi Arabia, which posted its highest trade surplus since 2012 at $221.3 billion, ranked third, followed by Norway, Australia and Qatar.

Germany saw its figure drop 2.4 times to $85.34 billion, slipping to the seventh spot from the second place a year earlier. Canada, meanwhile, became the absolute leader in terms of growth, with its number jumping 4.8 times throughout the year, to $17.45 billion. According to the data, the only country that was able to move from a deficit to a surplus in trade at the end of last year was Nigeria. Overall, 26 major economies recorded a surplus in 2022, compared to 32 economies a year earlier. The study was conducted by RIA Novosti on the basis of data from the national statistical services of the globe’s 60 largest economies, which had disclosed trade results for January-December 2022 as of mid-March.

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“..when it comes to preparedness for adverse changes and shocks (let’s call it state endurance), Moscow is probably in the lead, but Beijing’s room for maneuver in global politics is now much greater.”

• What You Must Know About Russia & China, But Were Afraid To Ask (Lukyanov)

So much has been said about Xi Jinping’s visit to Russia last week, that the descriptive genre has been exhausted. What is needed instead is either details on specific aspects or some sort of in-depth socio-cultural analysis. That will no doubt be done by specialists in those areas, so we will confine ourselves here to brief answers to the most frequently asked questions. Are Russia and China allies? Both countries have limited experience of alliances and are not really inclined towards this form of relationship. Such a declaration implies a commitment and, more importantly, a limitation of one’s own interests and capabilities in favor of the other state. If it is reciprocal, it is fine – and can be mutually beneficial – but the dominant attitude in both Chinese and Russian political logic is freedom of action and maximum sovereignty. As a result, both Moscow and Beijing shy away from describing their relationship as an alliance, preferring more fluid phrases. This has happened again. It should be noted, however, that the expressions used by Xi come perhaps as close to the idea of an alliance (as is possible in Chinese culture) without using the term.

Is the relationship equal? The question of equality is largely arbitrary – it is not clear how to measure it. There is no formal hierarchy in relations between Russia and China, and in principle there cannot be such a system. It is difficult to compare the weight. China is, of course, much more powerful economically, and now also in many technological respects. However, Russia is a major military and political power in its own right. Indeed, when it comes to preparedness for adverse changes and shocks (let’s call it state endurance), Moscow is probably in the lead, but Beijing’s room for maneuver in global politics is now much greater.

The question could be posed differently: who needs it more, and who should therefore do more to strengthen ties? At first glance, Russia would seem to need it the most – no matter how well you do, an acute conflict with a group of the world’s most successful and influential states significantly limits your options. Thus, they need to be compensated by other partners which are no less important and therefore able to impose conditions. The most powerful of them all is China. This is true, but there is another side to it. Beijing has finally realized that the time of peaceful and comfortable development is over. It is China that the United States sees as its main adversary for decades to come, and the pressure on it will only increase. Beijing has no more solid and reliable partner than Moscow; there is simply no other candidate. And the importance of such a relationship will continue to grow. Traditional Chinese pragmatism works in our favor.

Putin axis

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“..the EU’s “freeze and seize task force..”

• Seizing Russian Assets Is ‘Challenging’ – EU Task Force Head (RT)

The EU working group that deals with the issue of confiscating frozen Russian assets will have to be “innovative” in approaching the task, Swedish diplomat and head of the EU’s “freeze and seize task force,” Anders Ahnlid, told AFP on Friday. According to Ahnlid, “it is a challenge to find legal means that are acceptable” to expropriate the assets in order to use them for the reconstruction of Ukraine, which is the task force’s plan. He noted that precedents for such actions are rare, one of the few being the seizure of Iraqi assets by the US at the end of Saddam Hussein’s regime. “Hopefully, we can achieve results during Sweden’s EU presidency [which ends in June]… But these are complicated matters. There will be short-term and long-term aspects of what we’re doing,” the diplomat warned, adding that his working group will have “to be a bit innovative in order to move forward.”

He noted that the task force is still trying to determine “which assets are we talking about and where are they.” There are two types of assets – state property that belongs to the Russian government and private assets. The former mostly refers to nearly $300 billion in Russia’s foreign currency reserves, which have been frozen by the West. According to Ahnlid, they are easier to seize legally. The latter, however, are much harder to identify and can be seized only in a few cases, for instance when they can be proven to be the proceeds of a crime. The diplomat says the task force may decide not to confiscate these assets permanently, but only seize income or interest on the capital. sAhnlid is not the first to point out the difficulties surrounding the plan to confiscate Russian assets. The Swiss government, for instance, has been opposed to the move, saying last month that it would violate international agreements and Switzerland’s constitution.

US Treasury Secretary Janet Yellen has also been openly skeptical, warning that apart from legal obstacles, such a step could be considered a precedent jeopardizing faith in the Western financial system and the dollar. According to her, countries could become reluctant to keep money in US banks, fearing that their funds could be seized as well. Many analysts also point out that the move could put European and American assets at risk, as they could also be in danger of being confiscated in case of an international dispute. Moscow, meanwhile, has repeatedly called the freezing of its assets “theft,” and warned of countermeasures should Western states attempt to take Russian-owned funds and redirect them to Ukraine.

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And you can’t easily ramp that up..

• Russia To Make Three Times More Ammo Than West Promised Kiev – Putin (RT)

Russia is set to drastically increase its munitions production, President Vladimir Putin has said, adding that Western arms shipments to Kiev will only delay the inevitable outcome of the Ukraine conflict. In an interview with Russia 1 TV aired on Saturday, Putin was asked to comment on Western plans to support Ukraine with a million additional artillery shells. While describing the amount as “very considerable,” the president stated that according to Moscow’s data, the US is currently producing 14,000-15,000 artillery shells a month, while the Ukrainian military uses up to 5,000 shells each day. “Next year… [the US plans] to produce as much as 42,000, and 75,000 in 2025.”

However, Putin said that Moscow’s forces have been using far more munitions than Ukraine, and that the Ministry of Defense and the General Staff “even had to introduce certain limitations.” “Russia’s output level and its military-industrial complex are developing at a very fast pace, which was unexpected by many,” he said. While multiple Western countries will provide Ukraine with munitions, “the Russian production sector on its own will produce three times more ammunition for the same period of time,” according to the president. Putin also noted that the Western “instigators” of the conflict plan to send more than 400 tanks to Ukraine.

“The situation here is the same as with the ammunition. During that period, we will produce and modernize over 1,600 [tanks],” he said, adding that the total number will exceed Ukraine’s by more than three times. Putin stated that the arms shipments to Ukraine are of concern to Russia only because they constitute “an attempt to prolong the conflict” and will “only lead to a bigger tragedy and nothing more.” The president’s comments come after former Russian President Dmitry Medvedev, who now serves as deputy chairman of the Security Council, stated this week that Moscow has rapidly boosted military production despite the Western sanctions and claims that Russia is running out of weapons.

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Hmmmm, make more or use less?! Their choice is obvious.

• The United States Is 13 Years Behind In Ammunition Production – NYT (Y!)

The United States’ commitment to support Ukraine against the Russian invasion appears to have rattled the stability of the domestic stockpile of missiles and munitions. The Biden administration has promised — as part of $33 billion sent in military aid for the besieged country so far — a US Patriot air-defense system will be sent to Ukraine, along with over 200,000 rounds of artillery, rockets, and tank rounds. In fulfilling those promises, The New York Times reported the US has sent Ukraine so many stockpiled Stinger missiles that it would take 13 years of production at recent capacity levels to replace them. The Times added that Raytheon, the company that helps make Javeline missile systems, said it would take five years at last year’s production rates to replace the number of missiles sent to Ukraine in the last ten months.

Currently, the US produces just over 14,000 rounds of 155mm ammunition every month — and Ukrainian forces have previously fired that many rounds in the span of 48 hours, The Washington Post reported last month. US officials in January proposed a production increase up to 90,000 rounds of 155mm ammunition each month to keep up with demand. “Ammunition availability might be the single most important factor that determines the course of the war in 2023,” US defense experts Michael Kofman and Rob Lee wrote in December for the Foreign Policy Research Institute, adding that Ukraine will depend on international stockpiles and production for access to the ammunition it needs.

The United States has rarely seen production shortages in ammunition and missiles to the degree the country currently faces. While there was a brief precision missile shortage in 2016 following fights in Libya and Iraq, The Times reported, the US has largely been engaged in short-term, high-intensity fights such as the Persian Gulf War, or prolonged, lower-intensity missions like the war in Afghanistan, which allowed for the stockpile to be rebuilt as needed. Now, as tensions rise among global superpowers, production and munition limitations in the US — caused by supply chain shortages, as well as Cold War-era reductions in capacity, The Times reported — have become of grave concern among defense professionals.

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At a much higher cost. Economy driven by ideology. Deadly.

• Berlin Weans Itself Off Russian Gas To Become US LNG Addict – German MP (RT)

The sabotage of the Nord Stream natural gas pipelines has turned Germany’s dependence on Russian natural gas into an addiction to liquefied natural gas (LNG) from the US, a member of the German Bundestag, Andrej Hunko, has said. Germany has paid heavily for last year’s explosions on the pipelines, which were built to deliver cheap natural gas from Russia, The Left party politician told China’s Global Times newspaper in an interview on Thursday. He noted that the sabotage left Berlin without an option to “choose which gas is better and cheaper and which is ecologically better.” “Before, it was a decision under political pressure, whether to use gas or not. But now there is no infrastructure to use gas,” and “this is the biggest impact,” Hunko said.

Germany used to meet up to 40% of its demand with gas from Russia. Last year, Berlin managed to reduce its reliance on the fuel from the sanctioned country by replacing it with imports of LNG from the US, “which is by far more expensive and worse from an ecological point of view,” according to Hunko. The politician said the explosions were an act of an “economic war” targeting not only Germany but the entire EU. The Nord Stream 1 pipeline, which runs under the Baltic Sea and carried natural gas from Russia to Germany, along with the newly built but never used Nord Stream 2, were ruptured by underwater bombs last September, rendering them inoperable. “Who benefits from this? It’s clear. It’s mainly the countries that export the gas to Germany; it is mainly the US,” Hunko said, adding: “this means not only higher prices for gas for the German population, but also a problem for German industry.”

Prior to the conflict in Ukraine, Germany was already experiencing economic difficulties due to a shortage of qualified personnel and muted productivity growth. Skyrocketing energy prices have since dealt a serious blow to the economy which is based on low energy prices and exports, Hunko noted. He warned that the surging cost of energy and raw materials, and the resulting restraints on investment, are forcing some major businesses to leave the country as “it is no longer as interesting for big companies to stay in Germany”. Some businesses have already migrated to the US, the politician said, arguing that this indicates an economic competition between the US, Germany and Europe.

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Provoke US into using its veto power.

• UN Security Council To Vote On Nord Stream Sabotage Draft Resolution (TASS)

The UN Security Council will vote on Monday on a Russian-Chinese draft resolution on an international investigation into the sabotage of the Nord Stream 1 and Nord Stream 2 pipelines. Voting is expected to be held after 15:00 (22:00 Moscow time). The text of the draft proposes UN Secretary General Antonio Guterres to establish an international independent commission to conduct a comprehensive, transparent, and impartial investigation of all aspects of the act of sabotage on the Nord Stream 1 and Nord Stream 2 gas pipelines, including identifying the perpetrators, sponsors, organizers, and their accomplices. Guterres is expected to appoint experts to this commission. If the resolution is passed, he must make recommendations for its establishment within 30 days.

The document also encourages countries conducting their own investigations to fully collaborate with the commission and share information with it. The document urges these nations to share information with other interested parties as well. Russia prepared the first version of the Nord Stream resolution at the end of February, but did not immediately bring it to a vote, instead inviting Security Council members to discuss the document. Three sets of consultations have been held since. According to TASS sources within the world organization, there is no general agreement on Russia’s suggested document, which means it will most likely not be adopted. A resolution must be backed by at least nine Security Council members in order to be adopted.

Any of the permanent members may veto it, but only if the necessary number of votes is obtained to pass the document. If the resolution receives eight votes and the United States votes against it, it means that the veto was not used. However, if the document receives nine or more votes, voting against it will result in the use of the veto power. “It’s not about the number of votes; it’s about the way they vote,” according to Vasily Nebenzya, Russia’s Permanent Representative to the United Nations. Previously, Western countries claimed that Russia was isolated and did not have the Security Council’s support, because it opposes the UN Security Council’s initiatives on Ukraine, while the rest of the Council’s members either back it or abstain.

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“Justice will only be done once we have thrown this repulsive political class the hell out of office..”

• US Becoming A ‘Banana Republic’ – Trump (RT)

Former President Donald Trump told his supporters on Saturday that President Joe Biden is turning the US into a “banana republic,” and promised to throw the “repulsive political class the hell out of office” if re-elected next year. Trump, who is reportedly facing arrest over campaign finance charges in New York, held his first campaign rally ahead of the 2024 election in Waco, Texas, on Saturday. Speaking to a crowd of several thousand people, Trump reiterated his long-held belief that the charges against him – as well as the prosecution of the January 6, 2021, rioters – are a Democrat-orchestrated plot to keep him out of office and criminalize his supporters.

“The Biden regime’s weaponization of law enforcement against their political opponents is something straight out of the Stalinist Russia horror show,” he declared, calling Biden’s America “a third-world banana republic.” “From the beginning it’s been one witch hunt and phony investigation after another,” Trump asserted, adding “it’s no coincidence that the deep state is coming after me even harder since I pledged to swiftly end the war in Ukraine.” Trump has claimed for months that if elected, he would be able to achieve a settlement to the conflict within 24 hours. He has not elaborated further on how he would achieve this, but has blamed the conflict on “all the warmongers and ‘America Last’ globalists” in the Pentagon, State Department, and other organs of the national security establishment and “deep state.”

“Justice will only be done once we have thrown this repulsive political class the hell out of office,” he told the crowd in Waco on Saturday. Trump made a number of campaign promises at the rally, vowing to boost domestic energy production, phase out imports from China, end funding for “critical race theory and transgender insanity” in schools, and use state, federal, and military resources to “carry out the largest domestic deportation operation in American history.” “Eisenhower did it, so we don’t have to feel so bad,” Trump quipped, referring to the removal of more than a million illegal immigrants by Dwight D. Eisenhower’s administration in the early 1950s under ‘Operation Wetback.’

Trump is currently leading most polls to take the Republican nomination in 2024, with Florida Governor Ron DeSantis in second place by between two and 30 points. While DeSantis has not declared his candidacy, Trump devoted a portion of his speech at Waco to attacking his potential opponent. Referring to DeSantis as “DeSanctimonious,” Trump took credit for the governor’s political career, and condemned him for shutting down his state at the beginning of the coronavirus pandemic.

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Hedges talks about all the court cases vs Trump, but fails to say what weight they have.

• The Donald Trump Problem (Chris Hedges)

As was the case with Nixon, the most serious charges Trump may face involve his attack on the foundations of the two-party duopoly, especially undermining the peaceable transfer of power from one branch of the duopoly to the other. In Georgia, Trump could face very serious criminal charges with potentially lengthy sentences if convicted, likewise if the federal special prosecutor indicts Trump for unlawful interference in the 2020 election. We won’t know until any indictments are made public. Yet, the most egregious of Trump’s actions while in office either received minimal media coverage, were downplayed or lauded as acts carried out in defense of democracy and the U.S.-led international order.

Why hasn’t Trump been criminally investigated for the act of war he committed against Iran and Iraq when he assassinated Iranian Major General Qassem Soleimani and nine other people with a drone strike in Baghdad airport? Iraqi Prime Minister Adel Abdul-Mahdi condemned the strike and told his parliament that Trump lied in order to get Soleimani exposed in Iraq as part of peace talks between Iraq, Iran and Saudi Arabia. Iraq’s parliament passed a resolution demanding that all foreign troops leave the country, which the U.S. government proceeded to reject. Why not prosecute or impeach Trump for pressuring his secretary of state to lie and say that Iran wasn’t complying with the Joint Comprehensive Plan of Action, known as the Iran nuclear deal? Trump ultimately fired him and resumed unilateral, devastating and illegal sanctions against Iran, in violation of international law and quite possibly domestic U.S. law.

Why wasn’t Trump impeached for his role in the ongoing attempts to engineer a coup and overthrow the democratically elected president of Venezuela? Trump declared a previously unknown right-wing politician — and would-be coup leader — Juan Guaido to be the true Venezuelan president and then illegally handed him control of the Latin American country’s U.S. bank accounts. The illegal U.S. sanctions that have facilitated this coup attempt have blocked food, medicine and other goods from entering the country and prevented the government from exploiting and exporting its own oil, devastating the economy. Over 40,000 people died between 2017 and 2019 due to the sanctions, according to the Center for Economic and Policy Research. That figure is certainly higher now.

Nixon, like Trump, was not impeached for his worst crimes. He was never charged for directing the CIA to destroy the Chilean economy and back a far-right military coup that overthrew the democratically elected left-wing government of Salvador Allende. Nixon wasn’t brought to justice for his illegal, secret mass bombing campaigns in Cambodia and Laos that killed hundreds of thousands of civilians, and his government’s role in the slaughter of Vietnamese people, resulting in at least 3.8 million killed according to a joint report from Harvard University and the University of Washington and even higher casualties according to investigative journalist Nick Turse. Nixon wasn’t held accountable for what then-President Lyndon Johnson privately blasted as “treason” when he discovered that the yet-to-be-elected Republican candidate for president, and his future National Security Advisor, Henry Kissinger, were deliberately and illegally sabotaging his peace negotiations in Vietnam, ultimately prolonging the war for another four years.

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China has substantially raised its profile in America’s backyard.

• Global South Solidarity Is The Key To Lifting Up Central America (Blankenship)

Honduran President Xiomara Castro caused a stir in the media when, on March 14, she remarked that she instructed her foreign minister to re-establish diplomatic ties with China. This was met with strong approval in Beijing while Honduran Foreign Minister Enrique Reina reiterated that his nation is seeking “all the mechanisms that the international relationship serves for the interests of the people” and that his nation must “cooperate with the largest nations in the world.” But, of course, the move was met with disgust in Washington, which, through its dated “Monroe Doctrine” that places the Western Hemisphere firmly in the US sphere of influence, sees itself as the overlord of Latin America. For example, US Senator Bill Cassidy said on Twitter that Honduras was moving closer to China “while the world is moving away” and that “the Honduran people will suffer because of [Castro’s] failed leadership.”

To be fair, the US sure knows a thing or two about the suffering of Hondurans and other Central Americans, locking them and their children in cages as they flee destitution to the US. Washington has also orchestrated numerous coups that have devastated the region. At the same time, China has a record of helping Central American nations, including Nicaragua, which recently re-established ties with Beijing. In February, China and Nicaragua agreed to step up their negotiations on a mutually beneficial free trade agreement and to advance the development of bilateral ties. To get a sense of this importance, I spoke to acclaimed American journalist Benjamin Norton at that time, who lives in Nicaragua and has been extensively covering China-Nicaragua ties. He told me that “the trade negotiations between Nicaragua and China are an important step in the deepening of South-South cooperation and the construction of a multipolar world.”

According to Norton, “historically the United States has treated Latin America in general, and Central America in particular, as its colonial property. The US militarily occupied Nicaragua three times and for decades propped up a brutal right-wing military dictatorship which imposed austerity on its population and sent all exports to the US for pennies on the dollar.” Norton noted that in 2018 the US again “sponsored a violent coup attempt against Nicaragua’s democratically elected Sandinista government. When the putsch failed, Washington responded with economic warfare, imposing several rounds of aggressive unilateral sanctions, such as the devastating NICA Act, while pushing for a financial blockade.” He noted that these sanctions are illegal under international law and “have done significant damage to the Nicaraguan economy, hurting working-class Nicaraguans.”

Honduras

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“It’s fundamental that these flours are not confused with food made in Italy..”

• Italians Refuse to ‘Eat Ze Bugs’ (DS)

Our WEF overlords may want us to ‘eat ze bugs’ and be happy, but Italians are having none of it, as their Government has banned the use of insect flour in pizza and pasta. The Times has more: “The growing use in cooking of flour made from crickets, locusts and insect larvae has met fierce opposition in Italy, where the Government is to ban its use in pizza and pasta and segregate it on supermarket shelves. In a sign of fear that insects might be associated with Italian cuisine, three Government ministers called a press conference in Rome to announce four decrees aimed at a crackdown. “It’s fundamental that these flours are not confused with food made in Italy,” Francesco Lollobrigida, the agriculture minister, said.


Packed with vitamins, proteins and minerals, flour made from crickets is increasingly seen as an ecological way to obtain nutrients, and the market is forecast to reach $3.5 billion by 2029. The EU has already authorised foods made from crickets, locusts and the darkling beetle larva. In January mealworm larvae was added to the list. All four insects are cited in the Italian decrees, which will require any products containing them to be labelled with large lettering and displayed separately from other foods. “Whoever wants to eat these products can, but those who don’t, and I imagine that will be most Italians, will be able to choose,” Lollobrigida said.” When historians look back and wonder what thwarted the Great Reset, perhaps the Italian refusal to ruin their beloved pasta and pizza will be seen as the catalyst.

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We need something akin to seed banks, where original literature is stored for future generations.

• Agatha Christie Novels Reworked To Remove Potentially Offensive Language (G.)

Several Agatha Christie novels have been edited to remove potentially offensive language, including insults and references to ethnicity. Poirot and Miss Marple mysteries written between 1920 and 1976 have had passages reworked or removed in new editions published by HarperCollins to strip them of language and descriptions that modern audiences find offensive, especially those involving the characters Christie’s protagonists encounter outside the UK. Sensitivity readers had made the edits, which were evident in digital versions of the new editions, including the entire Miss Marple run and selected Poirot novels set to be released or that have been released since 2020, the Telegraph reported.

The updates follow edits made to books by Roald Dahl and Ian Fleming to remove offensive references to gender and race in a bid to preserve their relevance to modern readers. The newspaper reported that the edits cut references to ethnicity, such as describing a character as black, Jewish or gypsy or a female character’s torso as “of black marble” and a judge’s “Indian temper”, and remove terms such as “Oriental” and the N-word. The word “natives” has also been replaced with the word “local”.

Among the examples of changes cited by the Telegraph is the 1937 Poirot novel Death on the Nile, in which the character of Mrs Allerton complains that a group of children are pestering her, saying that “they come back and stare, and stare, and their eyes are simply disgusting, and so are their noses, and I don’t believe I really like children”. This has been stripped down in a new edition to state: “They come back and stare, and stare. And I don’t believe I really like children.”

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“..the infrastructure around wind and solar will not only fail, “but will cost trillions, trash large portions of the environment and be entirely unnecessary..”

• Eminent Oxford Scientist Says Wind Power “Fails on Every Count” (DS)

It could be argued that the basic arithmetic showing wind power is an economic and societal disaster in the making should be clear to a bright primary school child. Now the Oxford University mathematician and physicist, researcher at CERN and Fellow of Keble College, Emeritus Professor Wade Allison has done the sums. The U.K. is facing the likelihood of a failure in the electricity supply, he concludes. “Wind power fails on every count,” he says, adding that governments are ignoring “overwhelming evidence” of the inadequacies of wind power, “and resorting to bluster rather than reasoned analysis”. Professor Allison’s dire warnings are contained in a short paper recently published by the Global Warming Policy Foundation.

He notes that the energy provided by the Sun is “extremely weak”, which is why it was unable to provide the energy to sustain even a small global population before the Industrial Revolution with an acceptable standard of living. A similar point was made recently in more dramatic fashion by the nuclear physicist Dr. Wallace Manheimer. He argued that the infrastructure around wind and solar will not only fail, “but will cost trillions, trash large portions of the environment and be entirely unnecessary”. In his paper, Allison concentrates on working out the numbers that lie behind the natural fluctuations in the wind. The full workings out are not complicated and can be assessed from the link above. He shows that at a wind speed of 20mph, the power produced by a wind turbine is 600 watts per square metre at full efficiency.

To deliver the same power as the Hinkley Point C nuclear plant – 3,200 million watts – it would require 5.5 million square metres of turbine swept area. It is noted that this should be quite unacceptable to those who care about birds and other environmentalists. Of course, this concern does not seem to have materialised to date. Millions of bats and birds are calculated to be slaughtered by onshore wind turbines every year. Meanwhile, off the coast of Massachusetts, work is about to start on a giant wind farm, complete with permits to harass and likely injure almost a tenth of the population of the rare North Atlantic Right whale. When fluctuations in wind speed are taken into account in Allison’s formula, the performance of wind becomes very much worse. If the wind speed drops by half, the power available falls by a factor of eight.

Almost worse, he notes, if the wind speed doubles, the power delivered goes up eight times, and the turbine has to be turned off for its own protection. For eight days at the end of the month, power generation slumped, presumably, says Allison, because the wind speed halved. The 8.8 GW daily loss over the period was noted to be 1,000 times the capacity of the world largest grid storage battery at Moss Landings in California. When it comes to the enormous batteries needed to store renewable power, Allison notes the problems with safety, as well as mineral shortages. Batteries will never make good the failure of offshore wind farms, even for a week, and he points out they can fail for much longer than that.

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Led by Donkeys

 

 

 

 

Sunak

 

 

Cybertruck

 

 

Sleep seal
https://twitter.com/i/status/1639979941608542209

 

 

Baby jaguar

 

 

The Big fight

 

 

 

 

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Zelensky Admits Ukraine Already Ran Out Of Ammo

Mar 262023
 
 March 26, 2023  Posted by at 11:20 am Finance Tagged with: , , , , , , ,  23 Responses »


Jasper Johns Three flags 1958

 

Andrew Korybko:

The US-led West’s Mainstream Media (MSM) began reporting more accurately on the military-strategic dynamics of the NATO-Russian proxy war in Ukraine since the start of the year, but the true test of their comparatively improved integrity will be whether they raise awareness about Zelensky’s latest damning admission. In an interview with Japanese newspaper Yomiuri Shimbun, he candidly told his interlocutors that “We do not have ammunition. For us the situation in the East is not good.”

This is a major revelation for several reasons. First, it proves that Russia is winning NATO’s self-declared “race of logistics” in the sense that its armed forces still have ammo to continue fighting while the West’s Ukrainian proxies already ran out of that which their patrons provided over the past year. Second, the aforesaid aid that was already extended to this crumbling former Soviet Republic exceeds $100 billion, which makes Russia’s leading position in this “race of logistics” all the more impressive.

Third, Zelensky’s admission adds credence to what the Washington Post recently reported regarding how poorly Kiev’s forces are faring in this conflict, especially its “severe ammunition shortages” that one of its sources spoke about. Fourth, the preceding points drastically decrease the chances that Kiev’s upcoming counteroffensive will achieve much of anything and actually make it increasingly likely that such a move would be an epic mistake that could ultimately lead to a decisive Russian breakthrough.

And finally, it can therefore be expected that Zelensky and his agents of influence across the West will beg for even more aid, arguing that the failure to pay up would risking making their prior investments in this proxy war all for naught if Kiev ends up losing to Russia. The problem, however, is that no amount of money can make ammunition appear out of thin air since it requires a lot of time to scale production accordingly to meet these newfound exorbitant needs.

The very fact that Ukraine is out of ammunition proves that the West’s defeat in its self-declared “race of logistics” with Russia might already be a fait accompli by this point since it’s clear that Kiev can’t keep pace with its opponent despite being backed by all of NATO’s military-industrial capacity. Zelensky almost certainly didn’t realize that his candid admission essentially amounted to this, but it’s presently unclear whether the MSM will inform their audience about this or not.

On the one hand, doing so could contribute to his forthcoming begging campaign, but it could also backfire if taxpayers start asking whether it’s worth ponying up even more money if Ukraine already ran out of ammo despite the over $100 billion in aid that it’s received thus far. After all, if that astronomical sum wasn’t enough to keep their guns firing, then there’s no telling how much will be needed for Kiev to reconquer more of its lost territory like it intends to do.

Not only that, but as was earlier explained, no amount of money can make ammunition appear out of thin air. Quite clearly, fundamental changes in the Ukrainian Armed Forces are needed in order to indefinitely perpetuate this conflict like the US is plotting to do, but its fighters can’t immediately transition to using exclusively Western equipment when they’re used to operating Soviet-era wares. This poses a dilemma since Russia keeps moving further ahead in this “race of logistics” as each day goes by.

Objectively speaking, the military-strategic dynamics are trending in the Kremlin’s favor, which would ordinarily compel Kiev to seriously consider China’s peace plan if it wasn’t for its American overlords preventing it from doing so. The longer that Zelensky remains resistant to the very thought of a ceasefire, the greater the chances are that Russia will transform its growing advantage in its “race of logistics” with NATO into a decisive victory that could result in Ukraine losing even more territory.
 

 

 

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Debt Rattle March 26 2023

Mar 262023
 
 March 26, 2023  Posted by at 9:00 am Finance Tagged with: , , , , , , , , , ,  37 Responses »


Jasper Johns Map 1961

 

• Ukraine Not Ready For Offensive – Zelensky (RT)
• No Ukraine Offensive Without More Weapons – Zelensky (BBC)
• Biden Downplays Russia-China Ties (RT)
• G7 vs BRICS – Off to the Races (Scott Ritter)
• Hungary Comments On Ukraine’s NATO and EU bids (RT)
• Biden Snubs Türkiye And Hungary For ‘Democracy’ Summit (RT)
• Putin Indictment Deals Fatal Blow to ICC Legitimacy (Develay)
• Western Economic Prosperity Is Over And Not Coming Back Any Time Soon (Fomenko)
• New Worldwide Financial System/Banking Crisis is Upon Us (Mannarino)
• Is A Full-Blown Global Banking Meltdown In The Offing? (Satyajit Das)
• Could Trump Win By Losing? Sometimes ‘Nothing’ Is ‘A Real Cool Hand’ (Turley)
• Fired FBI Goon Peter Strzok Issues Veiled Death Threat to Donald Trump (GP)
• Prosecutor Admits DC Police Officers Acted as Provocateurs on Jan. 6 (ET)
• CIA Says Americans Who Visited Assange Had No Privacy Rights (Gosztola)

 

 

 

 

Macgregor

 

 

 

 

France fire

 

 

 

 

ATF

 

 

GI bacteria

 

 

 

 

Greenwald

 

 

Bhakdi

 

 

Atlas

 

 

 

 

“..Moscow is well aware of Ukrainian plans to stage an offensive, noting that Russia’s General Staff is making its own assessments on the matter and planning a response.”

• Ukraine Not Ready For Offensive – Zelensky (RT)

Ukraine has not yet accumulated enough resources to stage an offensive, President Vladimir Zelensky has admitted. In an interview released on Saturday by the Japanese newspaper Yomiuri, Zelensky said that the situation on the frontline “was not good,” explaining that Ukraine was lacking enough ammunition for successful operations. On the subject of an offensive, the Ukrainian president stated that “we can’t start [it] yet. Without tanks, artillery and [US-supplied rocket launchers] HIMARS, we cannot send our brave soldiers to the front lines.” “We are waiting for ammunition to arrive from our partners,” he added, claiming that Russian troops had been firing three times as many shells as the Ukrainian side. In light of this, he reiterated his calls for Kiev’s Western backers to send more arms and urged them to sign off on deliveries of fighter jets.

Commenting on a potential dialogue with Russia, Zelensky insisted that “absolutely no conditions have been formed for this,” suggesting that Moscow would have to leave the territories Ukraine claims as its own first. Moscow has repeatedly said that it is open to talks with Kiev on condition that it recognize the “reality on the ground,” referring to the new status of four former Ukrainian regions as part of Russia. Speculations about an imminent Ukrainian spring counteroffensive have been swirling in the Western media for several weeks now. Last week, Politico reported that the US expected Kiev to start the offensive in May, with Ukrainian troops attempting to push into Crimea either by crossing the Dnieper River – which was considered an unlikely option – or moving out from their positions in the north.

Around the same time, the New York Times reported that Western officials were worried that Ukraine’s costly attempts to hold on to the strategic Donbass city of Artyomovsk (known as Bakhmut in Ukraine) could jeopardize the upcoming offensive, given that Kiev’s Western backers would not be able to replenish its ammunition stocks any time soon. With this in mind, one Pentagon official cited by the outlet described the anticipated push as a “last-ditch effort.” On Friday, former Russian President Dmitry Medvedev, who now serves as deputy chairman of the Security Council, said that Moscow is well aware of Ukrainian plans to stage an offensive, noting that Russia’s General Staff is making its own assessments on the matter and planning a response.

Read more …

BBC=MSM

• No Ukraine Offensive Without More Weapons – Zelensky (BBC)

President Volodymyr Zelensky has said Ukraine’s counter-offensive against Russia cannot start until Western allies send more military support. He told a Japanese newspaper he would not send his troops to the frontlines without more tanks, artillery and Himars rocket launchers. In an interview with Yomiuri Shimbun, he said the situation in eastern Ukraine was “not good”. “We are waiting for ammunition to arrive from our partners,” he said. And when asked about the expected counter-offensive, he said: “We can’t start yet, we can’t send our brave soldiers to the front line without tanks, artillery and long-range rockets.” He added: “If you have the political will, you can find a way to help us. We are at war and can’t wait.” There has been talk for some weeks of Ukraine launching a spring offensive against Russian forces. Ukrainian commanders have hinted it might be imminent.

Oleksandr Syrskyi, commander of Ukraine’s ground forces, said this week it might come “very soon”. Some analysts say Ukraine’s military is talking up the idea of a counter-offensive to discomfit their Russian counterparts. They want Russian commanders to spread their forces thinly along the front lines, ready for any attack, rather than concentrate them in particular places, such as the eastern city of Bakhmut. Other analysts believe a counter-offensive is possible soon. A US-based think tank, the Institute for the Study of War, last week suggested that Russia’s own offensive was potentially losing momentum and concluded: “Ukraine is therefore well positioned to regain the initiative and launch counter-offensives in critical sectors of the current frontline.”

But President Zelensky is more pessimistic. He has often warned that the war could drag on for years unless Western allies speeded up the delivery of weapons. But this is the first time he has actually said the counter-offensive itself might be delayed by the lack of Western equipment. His remarks reflect not only his desire to encourage more speed, but also his frustration at what he sees as the lack of haste.

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“..the Western countries have “significantly expanded our alliances.” “I haven’t seen that happen with China and/or Russia or anybody else in the world..”

• Biden Downplays Russia-China Ties (RT)

The global community is paying too much attention to cooperation between China and Russia, US President Joe Biden said on Friday. His comments came several days after Chinese President Xi Jinping concluded a landmark three-day visit to Russia. Speaking at a joint press conference with Canadian Prime Minister Justin Trudeau, Biden was asked to comment on China’s efforts to deepen economic ties with Russia. The president replied that the Western countries have “significantly expanded our alliances.” “I haven’t seen that happen with China and/or Russia or anybody else in the world,” he added. Biden went on to say that he has met with 80% of the world leaders since being sworn into office. “We’re the ones expanding the alliances. The opposition is not,” he claimed.

“We’re in a situation in the United States where NATO is stronger, we’re all together – the G7, the Quad [security agreement between Australia, India, Japan, and the US], the ASEAN [Association of Southeast Asian Nations], Japan, and Korea,” Biden said. The president stated that while he does not take China and Russia lightly, “we vastly exaggerate” their ties. “I’ve been hearing now for the past three months about ‘China is going to provide significant weapons to Russia, and they’re going to…’ They haven’t yet. Doesn’t mean they won’t, but they haven’t yet.” The US has said that China is considering arms shipments to help Russia in the Ukraine conflict. This claim has been vehemently denied by Beijing, which has positioned itself as a neutral party in the context of hostilities between Moscow and Kiev, while repeatedly calling for a peace settlement.

Earlier this week, Xi wrapped up a three-day visit to Moscow, which included talks with Russian President Vladimir Putin and resulted in the signing of more than a dozen agreements on cooperation in the defense, economic, and industrial spheres. Moscow and Beijing also pledged to “deepen relations of comprehensive partnership and strategic interaction entering a new era,” while urging the US “to stop undermining international and regional security… in order to maintain its own unilateral military superiority.”

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“This was not a projection, but rather a statement of accomplished fact: BRICS was responsible for 31.5 percent of the PPP-adjusted global GDP, while the G7 provided 30.7 percent..”

• G7 vs BRICS – Off to the Races (Scott Ritter)

Since the Russian invasion of Ukraine, an ideological divide that has gripped the world, with one side (led by the G7) condemning the invasion and seeking to punish Russia economically, and the other (led by BRICS) taking a more nuanced stance by neither supporting the Russian action nor joining in on the sanctions. This has created a intellectual vacuum when it comes to assessing the true state of play in global economic affairs. It is now widely accepted that the U.S. and its G7 partners miscalculated both the impact sanctions would have on the Russian economy, as well as the blowback that would hit the West. Angus King, the Independent senator from Maine, recently observed that he remembers “when this started a year ago, all the talk was the sanctions are going to cripple Russia. They’re going to be just out of business and riots in the street absolutely hasn’t worked …[w]ere they the wrong sanctions? Were they not applied well? Did we underestimate the Russian capacity to circumvent them? Why have the sanctions regime not played a bigger part in this conflict?”

It should be noted that the IMF calculated that the Russian economy, as a result of these sanctions, would contract by at least 8 percent. The real number was 2 percent and the Russian economy — despite sanctions — is expected to grow in 2023 and beyond. This kind of miscalculation has permeated Western thinking about the global economy and the respective roles played by the G7 and BRICS. In October 2022, the IMF published its annual World Economic Outlook (WEO), with a focus on traditional GDP calculations. Mainstream economic analysts, accordingly, were comforted that — despite the political challenge put forward by BRICS in the summer of 2022 — the IMF was calculating that the G7 still held strong as the leading global economic bloc.

In January 2023 the IMF published an update to the October 2022 WEO, reinforcing the strong position of the G7. According to Pierre-Olivier Gourinchas, the IMF’s chief economist, the “balance of risks to the outlook remains tilted to the downside but is less skewed toward adverse outcomes than in the October WEO.” This positive hint prevented mainstream Western economic analysts from digging deeper into the data contained in the update. I can personally attest to the reluctance of conservative editors trying to draw current relevance from “old data.” Fortunately, there are other economic analysts, such as Richard Dias of Acorn Macro Consulting, a self-described “boutique macroeconomic research firm employing a top-down approach to the analysis of the global economy and financial markets.”

Rather than accept the IMF’s rosy outlook as gospel, Dias did what analysts are supposed to do — dig through the data and extract relevant conclusions. After rooting through the IMF’s World Economic Outlook Data Base, Dias conducted a comparative analysis of the percentage of global GDP adjusted for PPP between the G7 and BRICS, and made a surprising discovery: BRICS had surpassed the G7. This was not a projection, but rather a statement of accomplished fact: BRICS was responsible for 31.5 percent of the PPP-adjusted global GDP, while the G7 provided 30.7 percent. Making matters worse for the G7, the trends projected showed that the gap between the two economic blocs would only widen going forward.

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“Around 156,000 ethnic Hungarians live in Ukraine, most of them in the western region of Transcarpathia. Ukraine is also home to around 150,000 ethnic Romanians and more than 250,000 Moldovans..”

• Hungary Comments On Ukraine’s NATO and EU bids (RT)

Hungary will not agree to Ukraine joining NATO and the EU as long as Kiev continues to discriminate against ethnic Hungarians living in Transcarpathia, Foreign Minister Peter Szijjarto has said. Szijjarto added that he raised the issue at a meeting with the UN assistant secretary general for human rights, Ilze Brands Kehris. Up to 99 Hungarian primary and secondary schools are in danger of being closed in Ukraine due to the nation’s education law, Szijjarto said. “I made it clear to Ilze Brands Kehris… that Hungary will not be able to support Ukraine’s transatlantic and European integration [bids] under any circumstances as long as Hungarian schools in the Transcarpathia region are in danger,” the minister wrote on Facebook on Friday. Kiev has been cracking down on minority language rights for years.

Laws enforcing the use of Ukrainian in education and television were adopted as early as 2017 under then-President Pyotr Poroshenko. In 2018, another law banned the teaching of Russian, as well as Romanian, Polish, and Hungarian beyond the primary school level. In 2019, the Council of Europe’s Venice Commission criticized Ukraine’s State Language Law, saying it “fails to strike balance between strengthening Ukrainian and safeguarding minorities’ linguistic rights.” Budapest has been among the most vocal critics of Kiev’s language policies in the West. According to Szijjarto, Ukraine has not done anything substantial to address Hungary’s concerns. “For the past eight years, we have continuously received promises from the Ukrainian authorities that they will solve this problem, but they have not actually done anything,” he said.

Around 156,000 ethnic Hungarians live in Ukraine, most of them in the western region of Transcarpathia. Ukraine is also home to around 150,000 ethnic Romanians and more than 250,000 Moldovans, and Bucharest previously joined Budapest in demanding that the language laws be revised. In February, Szijjarto announced that the Council of Europe will review Kiev’s treatment of minorities and issue a report on its alleged discrimination against ethnic Hungarians and Romanians living in Ukraine this summer. He pointed to yet another law adopted in December 2022, which mandated the use of Ukrainian in most aspects of daily and public life, including schools.

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They want a declaration of wonderful unity, not diverse voices.

• Biden Snubs Türkiye And Hungary For ‘Democracy’ Summit (RT)

The administration of US President Joe Biden has left NATO allies Türkiye and Hungary off the invite list for next week’s Summit for Democracy, Foreign Policy magazine reported on Thursday, citing three US officials familiar with the decision. The two countries were also snubbed from last year’s inaugural rendition of the summit, an event that, despite being held only twice, Biden has lauded as one of his signature foreign policy achievements. A State Department official confirmed that all participants in the 2021 summit had received an invitation for this year’s event, plus some additions. However, he said, the Biden administration was “not interested in this event being seen as an all-encompassing judgment on the strength of another country’s democracy.”

Rob Berschinksi, senior director for human rights and democracy in the National Security Council, told al-Monitor that while Türkiye was “an important NATO ally of the United States and an incredibly important partner,” Washington had “been quite clear in terms of [its] assessment of the status of democracy and human rights within the country,” namely, that it was declining. Turkish President Recep Tayyip Erdogan’s announcement last week that the country would begin ratifying Finland’s membership in NATO but not Sweden’s likely contributed to the decision to leave it off the list a second time. While Erdogan has not ruled out admitting Sweden to the military alliance, he stressed that Stockholm’s refusal to turn over more than 210 alleged terrorists to Turkish custody was a deal-breaker.

Hungary, which Biden memorably denounced as “totalitarian” in 2020, has fallen into disfavor among NATO allies for its refusal to support the strictest sanctions the EU has attempted to deploy against the Russian oil and gas industry. With about 80% of its natural gas coming from Russia, Budapest has repeatedly pointed out that an embargo would hurt Hungary and other European nations much more than it would punish Moscow for the conflict in Ukraine. The Hungarian prime minister’s office earlier this week reiterated calls for a ceasefire in Ukraine and condemned the UK’s decision to send depleted uranium ammunition to Kiev. The country’s opposition to allowing Ukraine into the EU will not change unless “basic human rights norms are complied with” regarding the use of EU languages in Ukraine, Gergely Gulyas, head of the PM’s office, told reporters on Thursday, though Hungary has expressed support for Finland and Sweden joining NATO. The Summit for Democracy will take place from March 28-30 in Washington, as well as in partner countries Costa Rica, South Korea, and Zambia.

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The ICC is just another black hole for money and truth.

• Putin Indictment Deals Fatal Blow to ICC Legitimacy (Develay)

Already under considerable pressure these past few years for its perceived selective prosecution of mostly African leaders, the International Criminal Court has placed its own proverbial “nail in the coffin” on March 17th when it issued an arrest warrant against the Russian Federation’s President Vladimir Putin. To be sure, the Court had since its inception faced numerous obstacle in trying to establish its status as the preeminent jurisdiction tasked with prosecuting senior official alleged to have committed or abetted the most heinous crimes under international criminal law. First, the United States never ratified the Rome Statute. While former US President William J. CLINTON had hinted that the US would join the list of Member-States by signing (but not ratifying the Treaty of Rome), George W. BUSH (egged on by his then Permanent Ambassador to the UN, John BOLTON) promptly dashed any hopes that this would ever happen.

Indeed, the BUSH administration presided over the adoption of the Hague Invasion Act of 2002 (the same year the Court effectively came into existence in the wake of its having collected the prerequisites sixty signatures from its Members). The Act openly called if necessary for the US military to storm the ICC in order to exfiltrate US soldiers. If that wasn’t enough of a message that some (the most powerful) States would take a pass on granting the Court jurisdiction over their nationals (China, Saudi Arabia, Iran, India and Israel never even signed the Treaty), Washington proceeded to amend all of the SOFAs (Status of Forced Agreements) negotiated with the governments of every country having ratified the Rome Statute where the US has some of its troops stationed by providing that American soldiers would not be subjected to any types of extradition proceedings to the Hague (ASPA).

This sequence of events essentially set the tone for 20 years of subsequent campaigns engineered by the Court so as to establish its own relevance. The powerlessness of the Court is to be found within the Rome Statute itself. Indeed, the Court may not claim jurisdiction over occurrences of alleged Jus Cogens violations (those violations not subjected to any Statute of limitations) unless said violations are alleged to have occurred on the territory of a Member-State which thus has accepted the Court’s jurisdiction or if said jurisdiction is expressly granted through a resolution adopted by the UN Security Council (not subjected to a veto from any of its Five Permanent Members).

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“US leadership is in the past, living in denial, and running policies on how they assume the world “should be,” rather than how it actually “is..”

• Western Economic Prosperity Is Over And Not Coming Back Any Time Soon (Fomenko)

The years of Western boom, enjoyed in the 90s and early 2000s, never returned and if the past few years are any indication, won’t anytime soon. The geopolitical climate is now in such a position that globalization is being rolled back, deliberately. The economic system the US once built and heralded as a virtue to show communist countries the light of capitalism is now being dismantled because it is perceived not to have converted, but empowered “adversarial” states. The US now opposes free trade, opposes economic integration between its allies and both China and Russia, and has no qualms about tearing up the roots of the globalization tree. The answer is less free trade, more tariffs, more sanctions, more export controls, more forcing allies to comply with what it wants, and unreasonable investments fueled by geopolitics, not market needs.

The Biden administration’s economic policy is a disaster precisely because it is a mix of geopolitical assertiveness, heavy-handed protectionism, and catastrophic fiscal policy. Washington’s decision to inject trillions to shore up the US economy, prolong a war which produces a running inflation crisis, insist on a growing economic war with China, and then be forced to raise interest rates multiple times, despite banks going under, is a cocktail of death. The US has drastically narrowed its options, and continually lied that it can handle the fallout.

Thus, the good old days of Western prosperity are over. The neoliberal Reaganite economic order was once the bedrock of global growth, as unfair and uneven as it was. But it is fair to say that by 2023, the geopolitical conditions which enabled this system no longer exist. The world has changed, and it is little wonder why. The US has not truly been able to arrest the rise of China despite trying its darndest to disrupt it, or to deal a death blow to the Russian economy, which Washington officials had prematurely declared doomed. All of it indicates that US leadership is in the past, living in denial, and running policies on how they assume the world “should be,” rather than how it actually “is,” and it’s ordinary people who are footing the bill for it all.

Read more …

” Year over year mortgage applications have dropped a record 43 percent, and bank refi’s have dropped another record 74 percent.”

• New Worldwide Financial System/Banking Crisis is Upon Us (Mannarino)

Once again! The global financial system finds itself in crisis. Indeed, a new full-on worldwide financial system/banking crisis is upon us. (And it’s just getting started). Let us consider… Is it even remotely possible that banking regulators and central banks simply missed this? Meanwhile, We the People saw this coming? Is that even possible? Really? How about no. There is absolutely no feasible or realistic way that banking regulators and central banks could have not seen this coming from miles away, and here are just a few reasons why. Let’s start with this. Every bank is required to submit financial reports to regulatory authorities every quarter and moreover, even without seeing these reports, it’s plainly obvious that banks were failing because of just three things. Number 1. No deposits, Number 2. No loans, and Number 3. No deals.

I brought these three things listed above up to the attention of those who follow my work beginning no less than eight months ago. Now, just to put this into further perspective. The average savings rate, which is calculated as the percentage of cash which people put away after expenses, is 8.84 percent. Again 8.84 percent is the average. Well today, the savings rate has dropped to just 4.7 percent (and personally I believe that this number is inflated). This 4.7 percent savings rate appears inflated to me because currently more and more people are becoming dependent on credit card usage. (Credit card debt has exploded, rising 11 percent in just the last year). With respect to “no loans and no deals.” Year over year mortgage applications have dropped a record 43 percent, and bank refi’s have dropped another record 74 percent.

And on top of all this, loan delinquencies across the board continue to skyrocket. But it gets even worse. People are withdrawing cash from both their money market and savings accounts at a record pace. So, no… It is not possible, even in the remote! That those who stand in charge of the world economy, the banking system, and the markets just missed all this. Therefore, it is deliberate. In fact, it’s more than just deliberate! This entire banking system crisis/global financial system collapse has been perfectly orchestrated and engineered by central planners/banks. But why? The question of why comes down to just a few things. Central banks are “rearranging the deck chairs” so to speak, and it comes down to a consolidation of the banking system in preparation for the rollout of an entirely new central bank digital/cashless system.

It is also about a consolidation of power. Understanding that even the Super Banks are also facing those same issues as the smaller regional banks, with “no deposits, no loans, and no deals.” That situation, combined with rising loan delinquencies. Let’s not forget the flight of cash from people who are being forced to deplete their savings and money market accounts just to make ends meet in this ongoing inflationary environment. What better way could central planners use to re-liquify the large Wall Street Super Banks than to foster a meltdown of the smaller regional banks who will have no choice but to be forced into selling their assets to the mega banks at fire sale prices?

Read more …

“In Annie Hall, Woody Allen cannot have his brother, who thinks he is a chicken, treated by a psychiatrist because the family needs the eggs. Banking regulation flounders on the same logic.”

• Is A Full-Blown Global Banking Meltdown In The Offing? (Satyajit Das)

The UBS acquisition of Credit Suisse requires the Swiss National Bank to assume certain risks. It will provide a Swiss Franc 100 billion ($108 billion) liquidity line backed by an enigmatically titled government default guarantee, presumably in addition to the earlier credit support. The Swiss government is also providing a loss guarantee on certain assets of up to Swiss Franc 9 billion ($9.7 billion), which operates after UBS bears the first Swiss Franc 5 billion ($5.4 billion) of losses. The state can underwrite bank liabilities including all deposits as some countries did after 2008. As US Treasury Secretary Yellen reluctantly admitted to Congress, the extension of FDIC coverage was contingent on US officials and regulators determining systemic risk as happened with SVB and Signature. Another alternative is to recapitalise banks with public money as was done after 2008 or finance the removal of distressed or toxic assets from bank books.

Socialisation of losses is politically and financially expensive. Despite protestations to the contrary, the dismal truth is that in a major financial crisis, lenders to and owners of systemic large banks will be bailed out to some extent. European supervisors have been critical of the US decision to break with its own standard of guaranteeing only the first $250,000 of deposits by invoking a systemic risk exception while excluding SVB as too small to be required to comply with the higher standards applicable to larger banks. There now exist voluminous manuals on handling bank collapses such as imposing losses on owners, bondholders and other unsecured creditors, including depositors with funds exceeding guarantee limit, as well as resolution plans designed to minimise the fallout from failures.

Prepared by expensive consultants, they serve the essential function of satisfying regulatory checklists. Theoretically sound reforms are not consistently followed in practice. Under fire in trenches, regulators concentrate on more practical priorities. The debate about bank regulation misses a central point. Since the 1980s, the economic system has become addicted to borrowing-funded consumption and investment. Bank credit is central to this process. Some recommendations propose a drastic reduction in bank leverage from the current 10-to-1 to a mere 3-to-1. The resulting contraction would have serious implications for economic activity and asset values. In Annie Hall, Woody Allen cannot have his brother, who thinks he is a chicken, treated by a psychiatrist because the family needs the eggs. Banking regulation flounders on the same logic.

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“..The level of excitement could prompt Pornhub to do its first live courthouse feed…”

• Could Trump Win By Losing? Sometimes ‘Nothing’ Is ‘A Real Cool Hand’ (Turley)

Donald Trump was back in all caps this week, denouncing prosecutors, warning of “death and destruction” if he is arrested, and even posting a picture wielding a baseball bat menacingly near a headshot of Manhattan District Attorney Alvin Bragg. After each tirade, many of us denounced the inflammatory rhetoric while others insisted the former president was becoming unhinged at the prospect of being arrested. As if to speed along that decline, others posted viral fake AI-generated pictures showing Trump being arrested. Then Trump shared his own AI-generated photo of praying. The fact is that Trump is in his element: In the land of rage, the most enraged man is king. If you surf cable shows, you will see pundits in virtual ecstasy as they prepare for the possibility of a Trump mug shot or perp walk. The level of excitement could prompt Pornhub to do its first live courthouse feed.

[..]Trump is unlikely to see the inside of a prison before the election. Even after the election, courts likely would allow appeals to be exhausted before ordering the arrest of a sitting president — and those appeals could take years. On the federal charge, special counsel Jack Smith would have to finish his grand jury investigation and then convince Attorney General Garland to green-light criminal charges. He then may need to bring an indictment before the end of summer 2024, since Justice Department policy discourages filings that might affect an election. For the presidential election, that period would likely extend to August 2024. If Smith cannot indict Trump before then, he would run into another long-standing Justice Department policy. The department has long maintained (in my view, incorrectly) that a sitting president cannot be indicted.

If Smith secured a conviction before the election, Trump could still stay on the ballot. Indeed, even if he were jailed, he still could be elected president. After all, Eugene Debs ran for president in 1920 on the Socialist ticket despite being in prison for violating the Espionage Act. Trump literally could run on a promise to self-pardon and then immediately negate any conviction. Indeed, that issue may prove the ultimate anti-establishment rallying point for him. Trump won in 2016 in part because many of his voters wanted to stick it to the media and political elites. So, a charge or conviction before the election could well turn that anti-establishment wave into a tsunami. Of course, Trump could not pardon himself on a state conviction. Moreover, Georgia is one of only three states that do not give pardon authority to the governor; that authority rests with Georgia Board of Pardons and Paroles. (Georgia Gov. Brian Kemp, a Republican who has long been a target of Trump’s ire, may feel relieved to have his authority limited in this instance.)

However, the state could push for changes to negate a conviction or prevent enforcement against a sitting president. To most people, that may seem like an utter mess. For Donald Trump, it is an opportunity. Trump has always found advantage in chaos. That is why, if much of the public continues to view these legal cases as political prosecutions, Democrats may be handing Trump a winning hand. A Washington Post columnist previously declared that Trump has nothing to offer in defense to federal charges. That may or may not be true, but “nothing” could prove a major “something” in an election year. In the film, “Cool Hand Luke,” fellow prisoners asked Paul Newman’s character why he would continually raise the stakes in a poker game when he was holding nothing of value. His reply: “Sometimes nothing can be a real cool hand.”

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“Strzok, who is famous for running an illicit coup on the US president and banging a colleague in the broom closet..”

• Fired FBI Goon Peter Strzok Issues Veiled Death Threat to Donald Trump (GP)

It’s been 30 years since the ATF-FBI siege on the Branch Davidian Compound in Waco, Texas in 1993. The government siege led to a massacre of 76 people including 25 children. The deadly assault on David Koresh’s Branch Davidian compound took place from February 28 through April 19, 1993, over suspected weapons violations. The ATF had attempted to raid the compound and a gun battle ensued, leaving four government agents and six Branch Davidians dead. For the next 50 days, the government would use psychological warfare, such as playing the sound of animals being slaughtered, until ultimately the compound was burned to the ground with nearly everyone still inside.


The siege ended with the massacre of 76 people. On Friday fired FBI agent Peter Strzok posted a veiled death threat against President Trump just hours before his historic rally Saturday in Waco, Texas. Strzok, who is famous for running an illicit coup on the US president and banging a colleague in the broom closet, posted a photo of the government-led massacre at the religious compound in Waco, Texas. Everyone knows it was the feds who were ultimately blamed for this horrible mass killing. And, now Peter Strzok is posting this warning to Trump and his supporters. It is shocking to see today that such an unhinged and unethical monster was sitting at the top level of the FBI!

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Where are Tucker’s 40,000 hours of video?

• Prosecutor Admits DC Police Officers Acted as Provocateurs on Jan. 6 (ET)

A federal prosecutor admitted in court papers that three D.C. Metropolitan Police Department undercover officers acted as provocateurs at the northwest steps of the U.S. Capitol on Jan. 6, 2021. The admission came in a March 24 filing before U.S. District Judge Rudolph Contreras that seeks to keep video footage shot by the officers under court seal. Prosecutors accused the case defendant—William Pope of Topeka, Kansas—of an “illegitimate” attempt to unmask the video as part of his alleged strategy to try the case in the news media. Pope filed a motion to remove the court seal on Feb. 21. [..] Nearly 30 members of the Electronic Surveillance Unit were assigned to duty on Jan. 6, some of whom were gathering evidence on crowd activity. Members wore special bands on their left wrists to identify themselves as part of the Electronic Surveillance Unit, according to the MPD’s 96-page Jan. 6 action plan.

Officer 1 repeatedly joined in chants of “Drain the swamp!” and “Our house! Our house! Our house!” A little closer to the Capitol, the video captures a protester shouting, “Joe Biden! We wanna hear you speak, you [expletive] pedophile satanist [expletive]!” A short time later, Officer 1 joined the crowd in a “USA!” chant, repeating the phrase five times. At the foot of the northwest stairs, someone leaned part of a bicycle rack against the balustrade. As a protester climbed up the makeshift ladder, Officer 1 shouted, “C’mon, man, let’s go! Leave that sh*t.” Officer 1 got help from a protester climbing onto the balustrade of the steps. Then, surveying the people moving up the staircase, he shouted, “C’mon, go, go, go!” Officer 1 encouraged the crowd to move up the stairs with repeated shouts, “Keep going! Keep going!” and “Keep going, keep going, come on!”

Once Officer 1 jumped from the balustrade onto the stairs, he passed someone he knew, a man in a blue sweatshirt wearing a dark cap, protective goggles, and what appeared to be a Halloween mask. “Tim!” the officer said, to which the unidentified man replied, “What’s going on, bro?” Walking on a sidewalk next to the Capitol, Officer 1 hears a protester say, “Now they’re letting everybody in, there ain’t nowhere to go.” Officer 1 replied, “I think it’s gonna…they’re going to trap everyone in.” “This video clearly evidences undercover law enforcement officers urging the crowds to advance up the stairs and scaffolding towards the Capitol on January 6,” Pope wrote in an earlier case filing. “The government may claim that incidents like this did not happen, but the facts show they did.”


Two undercover Metropolitan Police Department officers walk behind Ashli Babbitt on the northwest side of the Capitol on Jan. 6, 2021. One had earlier remarked “someone would get shot.” (William Pope via U.S. District Court/Screenshot via The Epoch Times)

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“..the United States government believes that any American who talked to Assange forfeited their privacy rights under the U.S. Constitution.”

• CIA Says Americans Who Visited Assange Had No Privacy Rights (Gosztola)

The Central Intelligence Agency and former CIA director Mike Pompeo contend that attorneys and journalists, who visited WikiLeaks founder Julian Assange, had no “legitimate expectation of privacy” when it came to conversations with a “notorious wanted fugitive in a foreign embassy.” “There is no plausible argument that it would be unreasonable or indiscriminate for the government to surveil Assange, who oversaw WikiLeaks’ publication of large amounts of U.S. national security information,” the CIA and Pompeo additionally contend. “Thus, any alleged surveillance of Assange that incidentally captured his conversations with U.S. citizens such as plaintiffs would not violate the Fourth Amendment [right to privacy] as a matter of law.”

The statements are part of a motion to dismiss a lawsuit that was brought by a group of Americans, who allege that they were spied on by the CIA when they met with Assange while he was living under political asylum in the Ecuador embassy. When one considers that Assange has been held in detention at Belmarsh prison and faces Espionage Act charges for publishing classified documents, the government is essentially arguing that it may spy on any journalist who publishes such documents and “incidentally capture” the communications of anyone communicating with that particular journalist. The CIA and Pompeo are also making it clear that the United States government believes that any American who talked to Assange forfeited their privacy rights under the U.S. Constitution.

In August 2022, four Americans who visited Assange in the embassy sued the CIA and Pompeo in his individual capacity: Margaret Ratner Kunstler, a civil rights activist and human rights attorney; Deborah Hrbek, a media lawyer, represented Assange or WikiLeaks; journalist John Goetz, who worked for Der Spiegel when the German media organization first partnered with WikiLeaks; and journalist Charles Glass, who wrote articles on Assange for The Intercept. The filed complaint alleged that as visitors Glass, Goetz, Hrbek, and Kunstler were required to “surrender” their electronic devices to employees of a private company called UC Global that was contracted to provide security for the embassy. They did not know that UC Global “copied the information stored on the devices” and allegedly shared the information with the CIA, and that Pompeo allegedly authorized and approved the action.

They further claim, “Security contractors required the attorneys and journalists to leave their devices with them, which contained ‘confidential and privileged information about their sources or clients.’” In the motion to dismiss filed on March 20 by United States Attorney Damian Williams of the Southern District of New York, the government asserts that the attorneys and journalists “cannot show they had a reasonable expectation of privacy with respect to conversations that took place on the property of a foreign embassy located in a foreign country.” The government insists any searches that may have taken place were reasonable or authorized. “Indeed, U.S. citizens who communicate with foreign surveillance targets have diminished Fourth Amendment rights that are easily overcome in the alleged circumstances at issue.”

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Hare

 

 

Horse power

 

 

Head lice

 

 


Schalow’s turaco birds have long white tripped crests with small red beaks and red skin around their dark eyes lined with white feathers. Mature birds have, on average, the longest crests of any turaco species

 

 

Platysternon megacephalum (or big headed turtle) is a very odd-shaped turtle with a huge head and a long tail that are almost the same size as its body.
https://twitter.com/i/status/1639360896085417999

 

 

Otters

 

 

 

 

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

 

 

 

 

 

Debt Rattle March 25 2023

Mar 252023
 
 March 25, 2023  Posted by at 9:02 am Finance Tagged with: , , , , , , , , , ,  61 Responses »


David Hockney Nichols Canyon 1980

 

• Brazil To Propose Ukraine ‘Peace Club’ With China (RT)
• The Iran-Saudi deal: A Bid To End Endless War (Shakil)
• China’s Xi Has Sent ‘Very Troubling Message’ – Pentagon (RT)
• There Could Be No Winner In War Between Russia, US – Medvedev (TASS)
• Russia Warns Of Radioactive Disaster In Ukraine (RT)
• EU Censorship Regime Is About To Go Global (Spiked)
• Biden and the ICC: ‘A New Level of Farce’ (Patrick Lawrence)
• Biden’s Nord Stream Cover-up Enters New Slippery Phase (Seymour Hersh)
• Seymour Hersh Makes Claim Over Reasons For Nord Stream Sabotage (RT)
• US Rulers Keep The Masses Divided And Distracted From Demanding Justice (Cox)
• The Season is Here (Kunstler)
• EU Is Melting Down And Contagion Spreading To UK Economy (Mitch Feierstein)
• US Bank Trouble Heralds End Of Dollar Reserve System (David Goldman)
• White House Worried Over Janet Yellen’s Fumbling Of US Bank Crisis (Gasparino)
• Carbon War ‘Net Zero’ Would Starve Half the Planet (Celente)

 

 

 

 

McAfee

 

 

 

 

Suramin

 

 

Remdesivir

 

 

Orthodox

 

 

Morons

 

 

 

 

 

 

Brazil of course means BRICS. Next, bring in India. Their GDP(PPP) is already higher than G7. After that, all the countries who want to join BRICS. 60+% of world population, 60+% of GDP. Impossible to ignore.

• Brazil To Propose Ukraine ‘Peace Club’ With China (RT)

Brazilian President Luiz Inacio Lula da Silva will present his vision for an international “peace club” aimed at resolving the conflict in Ukraine when he meets with Chinese President Xi Jinping in Beijing this week, his foreign minister told the Financial Times on Friday. Lula, who has remained neutral on the conflict, believes non-aligned nations like Brazil have the best chance of brokering a peace deal. “We are very interested in promoting or helping generate some kind of meeting that would lead to a peace process,” Brazilian Foreign Minister Mauro Vieira told the newspaper. “The president has said so many times he hears a lot about war but very few words about peace. He is interested in peace conversations.”

Since defeating the right-wing Jair Bolsonaro in last October’s elections, Lula, as he is most commonly called, has largely stuck to his predecessor’s policy of neutrality on Ukraine. However, Lula has taken a more active role internationally than Bolsonaro, announcing in January that he intends to rally a G20-like group “to put an end to the Russia-Ukraine conflict.” “It is necessary to constitute a group with enough strength to be respected at a negotiating table, and sit down with both sides,” he said at the time. During his election campaign, Lula declared Ukrainian President Vladimir Zelensky “as responsible as [Russian President Vladimir] Putin for the war,” and condemned US and EU leaders for promising NATO membership to Ukraine.

Since taking office, the Brazilian leader has met with US President Joe Biden and German Chancellor Olaf Scholz, and has spoken by phone to Zelensky and Putin. Stressing the need to find “a way out to end this war” after meeting Biden last month, Lula’s calls for peace were echoed by China, which released its 12-point ‘Position on the Political Settlement of the Ukraine Crisis’ two weeks afterwards. The Chinese plan was welcomed by Putin, but rejected by the US. US Secretary of State Antony Blinken on Monday described Beijing’s proposal as a “tactical move” to stall the conflict in Russia’s favor, while in Ukraine, Zelensky said last month that he only agrees with a handful of points in the document.

Any plan put forward by Lula and his potential “peace club” may be received the same way, as was the case when Mexico proposed a peace plan of its own at the United Nations last year. Ukrainian government adviser Mikhail Podoliak dismissed the Mexican proposal as a “Russian plan,” and Kiev released its own ten-point peace plan two months later. However, Kiev’s plan included demands that Russia cede the territory of Crimea to Ukraine and send its officials to war crimes tribunals, and as such was dismissed as a non-starter by Moscow.

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China did the Iran-Saudi deal. Russia is doing the same with Saudi-Syria. Get rid of the US, and peace becomes possible.

• The Iran-Saudi deal: A Bid To End Endless War (Shakil)

The China-mediated Saudi-Iran peace agreement, inked on 10 March in Beijing, marks a significant geopolitical shift with far-reaching implications for the Persian Gulf and Iran’s neighboring countries. For decades, Saudi Arabia and Iran have been engaged in ideological and economic competition on the territories of their neighbors, causing regional tensions to escalate. If the agreement is successful and relations between Riyadh and Tehran improve as envisioned, tensions will likely begin to significantly subside in the Persian Gulf, Levant, and further afield in neighboring Pakistan and Afghanistan. The former, long concerned about its security and energy supply vulnerabilities, will potentially benefit from improved relations between Saudi Arabia and Iran, which could help address its oil and gas crises.

Similarly, Afghanistan, whose Taliban-led government is still struggling to gain international recognition and is in dire need of reconstruction and investment initiatives, may also benefit from the kingdom’s rapprochement with the Islamic Republic. An early litmus test for the Saudi-Iranian reconciliation will be its impact on Lebanon, Iraq, Syria, and Yemen, where a perceived proxy war has wreaked havoc on their respective economies and in their public spheres. One of the most critical areas where the impact of the peace agreement will be tested is Yemen, where Iran and Saudi Arabia have backed opposing sides in the country’s eight-year war. The conflict has resulted in one of the world’s worst humanitarian crises after a Saudi-UAE-led coalition in 2015 launched military attacks against Yemen’s pro-Iran Ansarallah movement, which had seized control of the capital, Sanaa.

Iran’s permanent mission to the UN said in a statement that the Iran-Saudi deal will “accelerate the ceasefire, help start a national dialogue, and form an inclusive national government in Yemen.”

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“Xi’s visit to Putin and remaining there for a couple of days I think sends a very troubling message, a message of support..”

• China’s Xi Has Sent ‘Very Troubling Message’ – Pentagon (RT)

Chinese President Xi Jinping’s recent state visit to Russia should be regarded as a matter of grave concern for Washington, US Secretary of Defense Lloyd Austin told lawmakers on Thursday. Speaking at the House of Representatives’ subcommittee on defense appropriations, Austin was asked to comment on Xi’s trip to Moscow, and its ramifications for Sino-US competition. “Xi’s visit to [Russian President Vladimir] Putin and remaining there for a couple of days I think sends a very troubling message, a message of support,” the Pentagon chief replied. He stated that while the Pentagon has not seen signs that China had been providing Russia with military equipment for use against Ukraine, it is watching the situation “very closely,” cautioning that “if they were to go down that path, I think that would be very troubling for the international community.”

He went on to warn that if Xi decided to arm Moscow, “it would prolong the conflict and certainly broaden the conflict potentially – not only in the region, but globally.” On Monday, the Chinese leader embarked on a three-day state visit to Moscow, holding talks with Russian President Vladimir Putin. During the summit, the two sides signed more than a dozen documents on increased defense, industrial and economic cooperation.Moscow and Beijing also pledged to “deepen relations of comprehensive partnership and strategic interaction entering a new era.”

The US has claimed that China has been considering sending arms to Russia, while threatening “consequences” should it make such a move. Beijing, however, has dismissed such plans, accusing Washington of “spreading false information” and “fanning the flames” of the Ukraine conflict. “It is the United States and not China that is endlessly shipping weapons to the battlefield,” Chinese Foreign Ministry spokesman Wang Wenbin said last month. Since the start of the Ukraine conflict more than a year ago, Western countries have supplied Kiev with large amounts of military equipment, with the US alone having committed more than $32.5 billion in security assistance. Moscow has repeatedly warned the West that such support will only prolong the conflict while making it a direct participant in the hostilities.

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“..I would not speculate on whether one army is stronger than the other. A fighting army is a strong army..”

• There Could Be No Winner In War Between Russia, US – Medvedev (TASS)

Russian Security Council Deputy Chairman Dmitry Medvedev warned of the disastrous consequences of a potential confrontation between the armies of Russia and the United States. In an interview with Russian media outlets and users of leading Russian social media network VKontakte, Medvedev said, “The first thing is, only a real conflict can decide which army is first, second or 21st. Secondly, it would be wrong to say that the US army is No. 1, while ours is No.2 for one simple reason. If these armies start a war, how could we say who the winner is? Obviously, there will be no winner.”


A potential confrontation “would cause disastrous consequences,” the politician warned. “And it would be impossible to say whose army is superior,” he added. According to Medvedev, the US army could have been considered the best “at least during that period when it was active on the ground – as usual, not on its own soil, at that,” referring to the US occupation of Vietnam. He said he was shocked to learn that 3 million Vietnamese people had been killed in that conflict. “Therefore, I would not speculate on whether one army is stronger than the other. A fighting army is a strong army,” Medvedev concluded.

Conte

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“..reducing any export of agricultural produce from Ukrainian territory for many decades, if not centuries to come..”

• Russia Warns Of Radioactive Disaster In Ukraine (RT)

The potential use of Western-supplied depleted uranium shells by Ukraine would have a devastating impact on the country’s economy and population, lasting for centuries to come, the Russian Defense Ministry warned on Friday. Speaking at a briefing, Lieutenant General Igor Kirillov, who is in charge of Russia’s Nuclear, Biological and Chemical Defense Forces, issued a scathing criticism of the UK’s plans to support Kiev with armor-piercing rounds containing depleted uranium. He noted that such munitions have only ever been deployed in combat by NATO countries, most notably during the Iraq War, when the US used at least 300 tons of depleted uranium.

“As a result, the radiation situation in the [Iraqi] city of Fallujah was much worse than in the cities of Hiroshima and Nagasaki after the nuclear bombings by the United States,” Kirillov stated, recalling that Fallujah had been dubbed “the second Chernobyl,” while the local population suffered from a skyrocketing number of cancer cases. The West is well aware of the consequences of using such weapons, the general stressed. Even though it “will cause irreparable harm” to the health of Ukrainian troops and civilians, “NATO countries, in particular the UK, express a readiness to supply this type of weapon to the Kiev regime,” Kirillov stated.

He warned that the use of the munitions will contaminate farmland. “In addition to infecting its own population, this will cause tremendous economic damage to the agro-industrial complex of Ukraine… reducing any export of agricultural produce from Ukrainian territory for many decades, if not centuries to come,” the general said. The UK’s plans to send depleted uranium shells to Ukraine for use with Challenger 2 battle tanks were first unveiled on Monday, prompting an outcry from the Russian Foreign Ministry, which called the move a sign of “absolute recklessness, irresponsibility and impunity” on the part of London and Washington. While the US has said it does not plan to support Ukraine with such ammunition, it shrugged off Russian concerns over the matter, describing depleted uranium shells as “a commonplace type of munition” which has “been in use for decades.”

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“..the DSA includes a ‘crisis-management mechanism’, added last year in a last-minute amendment. The Commission argued it needs to be able to direct how platforms respond to events like the Russian invasion of Ukraine..”

• EU Censorship Regime Is About To Go Global (Spiked)

Not many people know that 16 November 2022 was the day that freedom of speech died on the internet. This was the day the European Union’s Digital Services Act (DSA) came into law. Under the DSA, very large online platforms (VLOPs) with more than 45million monthly active users – like Twitter, Facebook and Instagram – will have to swiftly remove illegal content, hate speech and so-called disinformation from their platforms. Or they will face fines of up to six per cent of their annual global revenue. Larger platforms must be DSA compliant by this summer, while smaller platforms will be obliged to tackle this content from 2024 onwards. The ramifications of this are immense. Not only will the DSA now enforce the regulation of content on the internet for the first time, but it is also set to become a global standard, not just a European one.

In recent years, the EU has largely realised its ambition to become a global regulatory superpower. The EU can dictate how any company worldwide must behave if it wants to operate in Europe, the world’s second-largest market. As a result, its strict regulatory standards often end up being adopted worldwide by both firms and other regulators, in what is known as the ‘Brussels effect’. Take the General Data Protection Regulation (GDPR), a privacy law which came into force in May 2018. Among many other things, it requires individuals to give explicit consent before their data can be processed. These EU regulations have since become the global standard, and the same could now happen for the DSA.

The EU’s enforcement of GDPR has been somewhat tentative. It has issued only about €1.7 billion in penalties since 2018, according to The Economist, which is peanuts in an industry that generates more than a trillion euros in revenue annually. But the EU seems to have learnt from this: the DSA has enormous enforcement capabilities built into it. The European Commission expects its internal industry watchdog to have over 100 full-time staff by 2024. Plus, contract workers and national experts will be expected to supervise Big Tech’s operations, too. It amounts to what EU internal-markets commissioner Thierry Breton calls a ‘historic moment in digital regulation’. The VLOPS are expected to fund this enforcement operation themselves, paying up to 0.05 per cent of their global annual turnover each year to the Commission.

This gives the EU an extraordinary amount of power. The regulation of the DSA will be overseen by the Commission itself, not an independent regulator. What’s more, the DSA includes a ‘crisis-management mechanism’, added last year in a last-minute amendment. The Commission argued it needs to be able to direct how platforms respond to events like the Russian invasion of Ukraine. Apparently, in a crisis, the ‘anticipatory or voluntary nature’ of obligations on tech companies to tackle disinformation would be insufficient. Under the DSA, the Commission has given itself the power to determine whether such a ‘crisis’ exists, defined as ‘an objective risk of serious prejudice to public security or public health in the Union’.

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“..simple issues of legal procedure, of due process, are no longer allowed to stand in the way when a demand to do something of this nature appears.”

• Biden and the ICC: ‘A New Level of Farce’ (Patrick Lawrence)

There was talk among the Western powers for most of last year, readers may recall, of the U.N. forming a special court to try Putin and other Russian officials on charges of war crimes allegedly committed in the course of the Ukraine conflict. But Washington and its allies overestimated international sentiment: They could get no appreciable support among member states for any such project. They similarly failed when, as an alternative, they tried to get the U.N. General Assembly to authorize the ICC, a U.N. body, to investigate the numerous allegations of war crimes leveled since the start of hostilities in February 2022. It was at this point that the West—reportedly led by Britain—began an intense lobbying campaign at The Hague to get the ICC to act even without a U.N. referral behind it. The arrest warrant announced last Friday appears to be the result of this pressure.

The legalities here are important. While Russia is not a signatory to the ICC’s founding treaty, a U.N. referral such as the U.S. and its allies sought would extend the court’s jurisdiction even to nations that do not recognize it. This is why the Western powers spent all those months trying to bring the General Assembly around. Is our conclusion other than obvious? The ICC’s action last week has no sound legal basis, and the court has no jurisdiction over a nation that does not recognize it. “But as we have seen on so many occasions, over so many matters in the past few years,” Alexander Mercouris observed in an informed webcast over the weekend, “simple issues of legal procedure, of due process, are no longer allowed to stand in the way when a demand to do something of this nature appears.”

The charges of criminal abduction and forced deportation of children appear to be equally flimsy. The Russian Federation has made no secret of its effort to remove thousands of children from harm’s way over the past year. Some of these children were parentless and living in orphanages, by the Russian account; when parental consent was involved, the Russians running the program say they had it. These children, not to be missed, were removed from areas under constant artillery bombardment from Ukrainian forces in the eight years following the U.S.–cultivated coup in 2014.

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I think this is the Hersh piece that was behind a paywall.

• Biden’s Nord Stream Cover-up Enters New Slippery Phase (Seymour Hersh)

It’s been six weeks since I published a report, based on anonymous sourcing, naming President Joe Biden as the official who ordered the mysterious destruction last September of Nord Stream 2, a new US$11 billion pipeline that was scheduled to double the volume of natural gas delivered from Russia to Germany. The story gained traction in Germany and Western Europe, but was subject to a near media blackout in the US. Two weeks ago, after a visit by German Chancellor Olaf Scholz to Washington, US and German intelligence agencies attempted to add to the blackout by feeding the New York Times and the German weekly Die Zeit false cover stories to counter the report that Biden and US operatives were responsible for the pipelines’ destruction.

Press aides for the White House and Central Intelligence Agency (CIA) have consistently denied that America was responsible for exploding the pipelines, and those pro forma denials were more than enough for the White House press corps. There is no evidence that any reporter assigned there has yet to ask the White House press secretary whether Biden had done what any serious leader would do: formally “task” the American intelligence community to conduct a deep investigation, with all of its assets, and find out just who had done the deed in the Baltic Sea. [..] In early March, President Biden hosted German Chancellor Olaf Scholz in Washington. The trip included only two public events—a brief pro forma exchange of compliments between Biden and Scholz before the White House press corps, with no questions allowed; and a CNN interview with Scholz by Fareed Zakaria, who did not touch on the pipeline allegations.

The chancellor had flown to Washington with no members of the German press on board, no formal dinner scheduled, and the two world leaders were not slated to conduct a press conference, as routinely happens at such high-profile meetings. Instead, it was later reported that Biden and Scholz had an 80-minute meeting, with no aides present for much of the time. There have been no statements or written understandings made public since then by either government. But I was told by someone with access to diplomatic intelligence that there was a discussion of the pipeline exposé and, as a result, certain elements in the Central Intelligence Agency were asked to prepare a cover story in collaboration with German intelligence that would provide the American and German press with an alternative version of the destruction of Nord Stream 2. In the words of the intelligence community, the agency was to “pulse the system” in an effort to discount the claim that Biden had ordered the pipelines’ destruction.

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Pepe Escobar tweets it was not Scholz, but Robert Habeck. He’s the vice-chancellor, from the Green Party(!).

Pepe Escobar: “Sy Hersh’s sources told him that it was during a one-hour Biden-Scholz meeting that the CIA plan was concocted – to plant the Ukrainian group story as a misdirection to cover up the US blowing up the Nord Streams. It was HABECK, not Scholz who discussed this on site with Biden.”

“A Biden-HABECK meeting green lit the whole Nord Stream scam + misdirection. Scholz knew what HABECK was doing. These revelations WILL explode. And they will bring down both Biden and liver sausage Scholz. This may well end up as Sy Hersh’s greatest scoop.”

• Seymour Hersh Makes Claim Over Reasons For Nord Stream Sabotage (RT)

US President Joe Biden ordered the sabotage of the Nord Stream pipelines because he was unhappy with the level of support provided by German Chancellor Olaf Scholz to Ukraine in its conflict with Russia, veteran investigative journalist Seymour Hersh has claimed. Hersh first accused Washington of destroying the key European energy route in an article released in February, and made more allegations in an interview with the China Daily newspaper published on Friday. “The [US] president was afraid of Chancellor Scholz not wanting to put more guns and more arms [forward for Kiev]. That’s all. I don’t know whether that it was anger or punishment, but the net effect is that it cut off a major power source through Western Europe,” Hersh claimed.

Despite attempts by the US to deny its involvement in the Nord Stream attack, “Europe is in crisis now” and Biden will receive “a lot of criticism for what he did” in the coming months, the journalist argued. The Pulitzer Prize winner alleged that “the people that were initially asked to do the job” of destroying the pipelines were contacted by US National Security Advisor Jake Sullivan towards the end of 2021. The initial purpose of mining Nord Stream 1 and 2, built to deliver Russian gas to Europe through Germany, was “to give the [US] president an option to say to [Russian] President Putin, ‘If you go to war [in Ukraine], we’re going to destroy the pipelines,’” Hersh claimed. Biden himself publicly confirmed that stance but “unfortunately, those people in the Western press seemed to have forgotten,” the journalist stated.

Just under three weeks before the launch of Moscow’s military operation in Ukraine, Biden warned during a press conference on February 7 that “if Russia invades… there will no longer be a Nord Stream 2. We will bring an end to it.” According to Hersh, the US leader decided to order the detonation of mines at the bottom of the Baltic Sea last September because the conflict “wasn’t going great in Ukraine” from a US perspective. There was “at best a stalemate” during that period, in what Hersh described as “the American war that President Biden was so eager to support.”

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”Their “leaders” are all on the same team, the one that keeps the masses warring with each other rather than turning their pitchforks and torches against the ruling class..”

• US Rulers Keep The Masses Divided And Distracted From Demanding Justice (Cox)

Washington is where securing political power means never having to say you’re sorry – regardless of how many thousands or millions of people you might have gotten killed. Tribalism is what keeps the perpetrators from ever being held accountable. Consider, for example, this month’s Axios/Ipsos poll showing that more than six in ten US adults believe that George W. Bush’s 2003 invasion of Iraq was a mistake. While it might seem encouraging that most Americans have come to realize that the Iraq debacle was a bad move – sort of like recognizing that the sun comes up in the East – a glance beneath the headline number reveals that voters haven’t really learned anything. You see, two decades on from a war that was started on false pretenses and was illegal under the UN Charter, 58% of Republicans still believe that the Bush administration was right to launch the invasion (compared to 26% of Democrats).

They still feel this way despite a bevy of troubling truths that should be clear to everyone by now, including the fact that the whole basis for the invasion – the hype that Saddam Hussein had obtained weapons of mass destruction – was a sham. It was a sham that cost US taxpayers over $2 trillion, helped give rise to ISIS and killed or maimed tens of thousands of American troops. Along the way, this bogus war also killed hundreds of thousands of Iraqis and left the country shattered, even to the present day. The cherry on top is that it also strengthened Washington’s arch-enemy, Iran. It’s almost incomprehensible that any Americans, other than the war criminals themselves, would still defend such a fiasco – unless one factors in the level of tribalism that currently pervades the US political system.

Rank-and-file members of the red team and the blue team can see no evil nor hear no evil when it comes to their tribe. Their “leaders” are all on the same team, the one that keeps the masses warring with each other rather than turning their pitchforks and torches against the ruling class. No one was punished for the Afghan debacle. Biden, Blinken and the Pentagon brass still refuse to admit to any mistakes. The only person fired over the withdrawal was Stuart Scheller, the Marine Corps lieutenant colonel who dared to publicly criticize the evacuation and call for senior officials to be held accountable. He was court-martialed for his temerity.

Meanwhile, the so-called experts in Washington continue advancing their careers, regardless of how many lives they destroy. It’s a town where Victoria Nuland can play a key advisory role in the Bush administration’s Iraq debacle, help engineer the Obama-Biden administration’s overthrow of Ukraine’s elected government in 2014 – setting the table for the current crisis in Eastern Europe – then land a job as the Biden administration’s undersecretary of state. It’s also where former secretary of state Madeleine Albright can say in a television interview that the deaths of 500,000 Iraqi children resulting from US sanctions were “worth it” – then be eulogized by three presidents upon her death last year and praised by Biden for her “humanity.”

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“..everybody… the formerly Woke, the unvaxxed, the penitent and unrepentant, the middle and lower orders especially, who suffer most harshly… will find themselves all on one side of that line in opposition to the wicked who have brought a hard rain upon them..”

• The Season is Here (Kunstler)

Expect three evolving dynamics to stipulate our country’s zeitgeist in the stirring months to come. First, the collapse of our project for using Ukraine to destabilize Russia, an enterprise so feckless it could have only been conceived by the dead-of-brain. Our geniuses of foreign affairs screwed the pooch on this one. It’s almost too obvious that they never cared about the people of that sore-beset land. Notice, they do not even use the word “peace” in any of their confabulations about what’s going on there, because it is the opposite of what they seek, which is…chaos unending. Thus, others will end the project for us — namely, our antagonist there, Russia — and the regime of “Joe Biden,” for the second time in its mortifying two years-plus of rule, will be left holding its limp, generative member in its collective hand, another humiliation for our over-reaching imperial soldiery — and the deluded empty suits commanding it.

Will they be able to pretend this time, as they did in Afghanistan, 2021, that there’s nothing to see here, folks? Just a blizzard of press-releases declaring “mission accomplished” or some-such other craven bullshit? I don’t think so. The reaction may be enough to bum-rush “Joe Biden” and Company out of office. His grotesque family rackets (including the Ukraine grifts) will finally and magically come to the public’s attention, and that’ll be all she wrote for “JB”— except for the historians waking from their own long catatonic spells to record the disaster they will swear they couldn’t see coming. Next, we will go through the tipping-point where a critical mass of the population — not just in America, but throughout Western Civ, and even beyond — realizes that they have been poisoned and injured by the mRNA “vaccines” they were so eager to line up for.

It will produce a special sort of collective agony centered around a raging despair that leads with astonishing speed to prosecutions. The torpor and uncertainty of the past three years evaporates and the machinery of law actually starts cranking again, and in the right way — not as a mere instrument of coercion and intimidation, but to actually seek justice. Third will be the transformation of a raging inflation into a ruinous debt deflation that leaves Americans, one way or another, with no money. At the same time, the people will wake to the wrecking of their energy and food supply. A line will appear drawn in the ground from sea to shining sea, as by a cosmic power, and everybody… the formerly Woke, the unvaxxed, the penitent and unrepentant, the middle and lower orders especially, who suffer most harshly… will find themselves all on one side of that line in opposition to the wicked who have brought a hard rain upon them. And there you will finally see the beginning of your long-promised hope and change. No need even to wait for it. At long last, it’s upon us.

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“As interest rates continue rising, to fight inflation, razor-sharp needles are popping up in every direction.”

• EU Is Melting Down And Contagion Spreading To UK Economy (Mitch Feierstein)

In 2008, the Bank of England’s Mervyn King began quantitative easing (QE) and bank bailouts. Increased debt levels devalued British pound sterling by 34 percent vs. the US Dollar. Sterling has not recovered since. In 2013, George Osborne hired central bank “rock star” Mark Carney to replace King. Carney maintained misguided ‘easy money’ interest rate policies through 2020. Zero Interest Rate Policy set the table for more dire future economic downturns far worse than the Great Financial Crisis. Carney inflated asset bubbles across UK markets, the most prominent bubble was in the UK’s commercial and residential property markets. As interest rates continue rising, to fight inflation, razor-sharp needles are popping up in every direction. When variable rate mortgages reset, a credit event will impair banks’ asset quality and impact our financial system.

King’s QE devaluation, Carney’s asset bubbles, and Boris and Rishi’s COVID money printing have caused the most significant cost of living crisis in UK history. Last week, the USA’s Silicon Valley Bank failed because it did not manage its risks. SVB made lending, business, and employment decisions that prioritised social justice, DEI (Diversity, Equity, and Inclusion), and ESG (Environmental, Social, and Corporate Governance), ahead of profitability! So, what happened? SVB – Got woke & went broke. EU and USA Bank failures bode poorly for the UK. UK taxpayers still own NatWest bank shares from Kings 2008 bank bailouts. Biden, Yellen, and UK regulators promised that SVB depositor bailouts: “Will not cost taxpayers anything.” The US Fed created a $2.5 TRILLION bailout fund calling it a Bank Term Funding Program or “BTFP.”

BTFP is highly inflationary QE and the program signals a de facto nationalisation of the banking system. Was SVB a “one off”? Not at all, in fact, later that week, Credit Suisse went bust. Despite the “The banking system is sound, it’s all fine”, mantra from those responsible for this mess, continued currency declines, bank failures, bankruptcies and defaults are likely. What dishonest diversions will the media unwittingly spread? The blame shifting for the coming credit crisis will include: COVID, Russia, Putin, the Climate Emergency! Arrest Trump! Bring Back Boris from his £4m speaking tour, implement CBDCs.

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“Bank credit quality today is the best in a generation. The crisis stems from the now-impossible task of financing America’s ever-expanding foreign debt.”

• US Bank Trouble Heralds End Of Dollar Reserve System (David Goldman)

The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, is coming to an end. The pain will be transferred from the banks to the real economy, which will starve for credit. And the geopolitical consequences will be enormous. The seize-up of dollar credit will accelerate the shift to a multipolar reserve system, with advantage to China’s RMB as a competitor to the dollar.

Gold, the “barbarous relic” abhorred by John Maynard Keynes, will play a bigger role because the dollar banking system is dysfunctional, and no other currency—surely not the tightly-controlled RMB—can replace it. Now at an all-time record price of US$2,000 an ounce, gold is likely to rise further. The greatest danger to dollar hegemony and the strategic power that it imparts to Washington is not China’s ambition to expand the international role of the RMB. The danger comes from the exhaustion of the financial mechanism that made it possible for the US to run up a negative $18 trillion net foreign asset position during the past 30 years.

Germany’s flagship institution, Deutsche Bank, hit an all-time low of 8 euros on the morning of March 24, before recovering to 8.69 euros at the end of that day’s trading, and its credit default swap premium—the cost of insurance on its subordinated debt—spiked to about 380 basis points above LIBOR, or 3.8%. That’s as much as during the 2008 banking crisis and the 2015 European financial crisis, although not quite as much as during the March 2020 Covid lockdown, when the premium exceeded 5%. Deutsche Bank won’t fail, but it may need official support. It may have received such support already. This crisis is utterly unlike 2008, when banks levered up trillions of dollars of dodgy assets based on “liar’s loans” to homeowners. Fifteen years ago, the credit quality of the banking system was rotten and leverage was out of control. Bank credit quality today is the best in a generation. The crisis stems from the now-impossible task of financing America’s ever-expanding foreign debt.

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“On one hand they’re kind of stuck with her; it would be bad to get rid of a Treasury Secretary during a banking crisis..” “On the other hand, they know they don’t have anyone good to be their face in terms of a response.”

• White House Worried Over Janet Yellen’s Fumbling Of US Bank Crisis (Gasparino)

Janet Yellen is once again on thin ice inside the Biden Administration over her bungling of the banking crisis that keeps roiling markets, The Post has learned. The question is when will Sleepy Joe & Co. finally act? They need to put Yellen out of her misery and end ours by handing her job to someone who knows how to deal with the very real possibility of banks failing on a scale not seen since the 2008 financial crisis and a possible deep recession. As we have reported, the political types in the White House — the people that craft messaging and give input on cabinet choices — have been increasingly wary of Yellen’s ability to do the job despite her expansive resume and years running the Fed, people with direct knowledge tell the Post.

They grew sour over her bungled response to inflation (recall how she said it was transitory as it was exploding). It’s why they floated possible replacements last year, including Commerce Secretary Gina Raimondo, and Brian Moynihan, the CEO of Bank of America. Both are seen as policy heavyweights. Unlike Yellen, they have real-world business experience (Yellen’s been in academia and government throughout her career). Yet she survived that attempt to get her removed because her ultimate boss, the president, didn’t want to fire a woman in such a high-profile post, these people say. Sleepy Joe might not have much choice now given the growing severity of what she and the country are facing: The collapse of large regional banks Silicon Valley and Signature banks. First Republic, with more than $200 billion in assets, is on the precipice.


Credit Suisse nearly imploded and was forced to merge with its Swiss neighbor, UBS. On Friday, investors began freaking out about another European banking giant, Deutsche Bank and began predicting its failure. Yellen’s response to this has been bewildering from a messaging standpoint. White House advisers are pointing to her multiple flip-flops on whether the government will back up all deposits in a failed bank — even those well past the FDIC insurance threshold of $250,000. I get it, she doesn’t want people to pull money out of regional banks at just the hint of weakness, but what she is saying lacks credulity. Will the federal government or the underfunded FDIC insurance fund really cover a deposit of more than a million dollars?

Another criticism: Her slow-walking the possible severity of weakness in the plumbing of banks as failures begin to pile up. She says the system is safe and secure, but it’s obviously not. Years of historical and super-low interest rates distort asset values and risk-taking, and banks can’t be immune from the consequences. “On one hand they’re kind of stuck with her; it would be bad to get rid of a Treasury Secretary during a banking crisis,” said one of my sources, who works at a large DC-based think-tank and has heard the griping firsthand. “On the other hand, they know they don’t have anyone good to be their face in terms of a response.” [..] ..check your calendar: We’re going on week three of a fast-moving banking contagion that could spark a significant recession if banks collapse en masse and lending dries up, so whatever she’s doing is still far too late.

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“..nitrogen fertilizer [derived from fossil fuels] now supports approximately half of the global population.”

• Carbon War ‘Net Zero’ Would Starve Half the Planet (Celente)

That victory Dutch farmers just won in provincial elections might literally save the world. After massive demonstrations against government targeting of nitrogen fertilizers to fulfill a UN zero carbon agenda, the BBB (BoerBurgerBeweging or “Farmer-Citizen Movement”) party picked up a significant bloc of senate seats. It was a major rejection of Prime Minister Mark Rutte’s environmental policies, as Reuters reported in “Dutch farmers’ protest party scores big election win, shaking up Senate.” According to a final tally reported by Eva Vlaardingerbroek on 19 March, the number of seats gained was 17, more than enough to turn back environmental directives that would destroy the Dutch farming sector. But the significance is far greater than just farmer livelihoods in the Netherlands.

Nitrogen fertilizers are crucial to sustaining the world’s food supply, and banning their use as part of “net-zero” carbon goals could literally starve half the world. That’s the warning of a new report called “Challenging ‘Net Zero’ with Science,” compiled by two longtime pre-eminent climates scientists, William Happer, Professor of Physics, Emeritus, of Princeton University, and Richard Lindzen, Alfred P. Sloan Professor of Atmospheric Science, Emeritus, of MIT. The report was released by co2coalition.org. It says that extreme goals of the so-called “green energy” movement are built on decidedly unscientific premises. And they make no bones about the disastrous consequences that would result from following a course that continues to try to phase out the use of nitrogen fertilizers:

“As to the disastrous consequences of eliminating fossil fuels, it ‘is estimated that nitrogen fertilizer [derived from fossil fuels] now supports approximately half of the global population.’ As one of us (Happer) has made clear, without the ‘use of inorganic fertilizers’ derived from fossil fuels, the world ‘will not achieve the food supply needed to support 8.5 to 10 billion people.’ The authors cited Sri Lanka as a cautionary example of how devastating this one facet of the “zero carbon” agenda is already playing out: “The recent experience in Sri Lanka provides a red alert. ‘The world has just witnessed the collapse of the once bountiful agricultural sector of Sri Lanka as a result of government restrictions on mineral fertilizer.’5 The government of Sri Lanka banned the use of fossil fuel derived nitrogen fertilizers and pesticides, with disastrous consequences on food supply there. If similarly misguided decisions are made eliminating fossil fuels and thus nitrogen fertilizer, there will be a starvation crisis worldwide.”

Read more …

 

 

 

 

Catfight
https://twitter.com/i/status/1639175659418435584

 

 

Pandas
https://twitter.com/i/status/1639163711280562176

 

 

Octopi

 

 

 

 

 

 

 

 

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Debt Rattle March 24 2023

Mar 242023
 
 March 24, 2023  Posted by at 8:54 am Finance Tagged with: , , , , , , , , , ,  58 Responses »


Gustav Klimt Pine forest II 1901

 

• US Facing New Global Reality Post Xi-Putin Summit, Says Expert (TASS)
• US ‘Uneasy’ About China’s Peace Plan For Ukraine – Media (RT)
• Pompeo Warns Of Biden Administration’s ‘Enormous’ Mistake (RT)
• The ‘Junior Partner’ Meme Gives No Insight To Real Changes (MoA)
• ‘The United States of America Is Our Enemy,’ Says Medvedev (TASS)
• Medvedev Says Diplomacy Doesn’t Always Work, Special Op Was Right Move (TASS)
• Effects Of Depleted Uranium In Ukraine Cannot Be Controlled – Zakharova (TASS)
• Nato Chief: West Must Brace To Support Ukraine In A Long War (G.)
• Ukraine Deployed Over 80,000 Servicemen Around Bakhmut – Prigozhin (TASS)
• Ukraine Welcomes ICC Office (RT)
• Hungary Says It Won’t Arrest Putin (RT)
• House Judiciary Committee Expands Probe Into Alvin Bragg (PM)
• CIA Planted Nord Stream Stories in NYT, German Outlets – Hersh (Celente)
• Biden Played Direct Role in Addressing Hunter’s Business Deals (Turley)
• FOIA Document Shows Government Anticipated Mass Vaccine Injuries (Horowitz)

 

 

 

 

Marseille

 

 

OZ

 

 

 

 

Blinken
https://twitter.com/i/status/1638925911905955841

 

 

AI

 

 

 

 

“..the US and the entire West have to consider this rapidly changing international environment, and that it may be better to cooperate with it, rather than to lose more and more influence by opposing this peace plan..”

• US Facing New Global Reality Post Xi-Putin Summit, Says Expert (TASS)

A German political activist urged the United States and its Western allies to pay heed to rapid changes underway in the international arena following Chinese leader Xi Jinping’s Moscow visit. In an interview with TASS on Wednesday, Helga Zepp-LaRouche, the founder of the US-based Schiller Institute, said that China’s peace proposal “is not only endorsed by Russia, but is supported by the entire Global South.” “The initial reaction of [US] President [Joe] Biden was to reject it, as did some other leaders of the EU. But it is now becoming clear to the whole world who is trying to establish peace, and who is trying to prolong and escalate the war,” Zepp-LaRouche emphasized, when asked whether the Chinese leader’s visit to Russia could usher in peace in Ukraine.

According to her, Western establishments “are still completely underestimating the reality that there is a powerful renaissance of the non-aligned spirit occurring right now.” “The countries of the Global South are determined to end colonialism for good in its new cloth, and they do not want to be drawn into a geopolitical conflict between the US and Russia, or between the US and China, with whom many of them have very beneficial economic ties,” she underscored. Zepp-LaRouche praised as spectacular China’s diplomatic success “in getting Saudi Arabia and Iran to return to diplomacy and cooperation,” and said that Beijing had proven that “it can be a surprising peacemaker.” “So, the US and the entire West have to consider this rapidly changing international environment, and that it may be better to cooperate with it, rather than to lose more and more influence by opposing this peace plan,” she noted.

In February, the Chinese Foreign Ministry published a position paper on a political settlement of the crisis in Ukraine. The twelve-point document includes calls for a ceasefire, respect for the legitimate interests of all countries in the field of security, settlement of the humanitarian crisis in Ukraine, the exchange of prisoners of war between Moscow and Kiev, as well as the cancellation of unilateral sanctions imposed without a corresponding decision of the UN Security Council. In the published document, China described dialogue and negotiations as the sole way of resolving the crisis in Ukraine and called on all parties to support Moscow and Kiev in “moving toward each other”, urging a resumption of direct dialogue as soon as possible. The world community should create conditions and provide a platform for the resumption of talks, the document emphasized.

Following talks with Xi on Tuesday, Russian President Vladimir Putin said that many provisions of China’s peace plan on Ukraine could be used as a basis for the conflict settlement whenever the West and Kiev were ready for that. At the same time, he pointed out that so far, “no such readiness” could be seen.

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“..with NATO Secretary General Jens Stoltenberg claiming that China does not have “much credibility” on the issue..”

• US ‘Uneasy’ About China’s Peace Plan For Ukraine – Media (RT)

There is a “sense of unease” in the White House about the consequences of its dismissal of the Chinese peace plan for Ukraine, Bloomberg reported on Thursday, citing an unnamed official in the administration of President Joe Biden. In February, the US publicly brushed off the roadmap for peace presented by China for the conflict between Russia and its neighbor. However, Bloomberg reported that Washington now fears it could be “backed into a corner” by Beijing’s proposals, with the Biden administration said to be concerned that it has created the impression that the US does not want peace. America’s stance could be used by Beijing to convince nations that are weary of the conflict that the US has no interest in ending the hostilities, Bloomberg added.

“China will likely ramp up messaging that the US is opposed to a ceasefire, that the US is opposed to the end of the war,” former Pentagon official Bonny Lin, who is now a fellow at the Center for Strategic and International Studies, told the media outlet. The Bloomberg report follows a three-day visit by Chinese President Xi Jinping to Moscow this week, during which he held extensive talks with his Russian counterpart, Vladimir Putin. Moscow had previously welcomed the Chinese peace initiative for Ukraine, and during this week’s talks Putin expressed his readiness to discuss and build upon it. He also reiterated that Moscow is willing to seek a diplomatic solution to the conflict.

The peace plan presented by China called for the resumption of talks between Moscow and Kiev. It also condemned unilateral sanctions, and urged the sovereignty and territorial integrity of all nations to be upheld. Along with Washington, other Western powers largely brushed off the initiative, with NATO Secretary General Jens Stoltenberg claiming that China does not have “much credibility” on the issue. However, US Secretary of State Antony Blinken did later admit that the plan includes “positive elements.” Speaking to Fox News on Wednesday, former US Secretary of State Mike Pompeo criticized the Biden administration for failing to prevent what he described as a “wedding” between Moscow and Beijing. Downplaying the increasingly close ties between Russia and China “is an enormous strategic mistake,” Pompeo insisted.

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“They have allowed the Russians and the Chinese to come together in this way and it presents enormous risk to the US and every citizen..”

• Pompeo Warns Of Biden Administration’s ‘Enormous’ Mistake (RT)

The Biden administration is making “an enormous strategic mistake” by downplaying the importance of rapidly expanding Russia-China ties, Mike Pompeo, who served as US secretary of state under Donald Trump, has said. The alliance between Moscow and Beijing “may be a shotgun wedding, but they’re still married,” Pompeo told Fox News on Wednesday. “To hear the White House play this down as if it’s insignificant or unimportant is an enormous strategic mistake,” he said. Pompeo, who was speaking hours after Chinese Xi Jinping concluded his landmark visit to Moscow, where multiple deals were signed, stressed that China has been “getting energy at a discounted price” from Russia.

“Think about that. American manufacturing companies are paying full freight for energy today and the Chinese are getting a 15, 20% discount on each barrel of oil, allowing them to continue to dump their products here in America,” he explained. The former secretary of state also claimed that “at least for today, the Chinese Communist Party is providing lethal assistance to Ukraine, almost certainly.” He was apparently referring to Russian forces fighting Ukraine, not Kiev itself. Weapons for Ukraine are being provided by the US and its NATO allies, together with funds, intelligence and training for troops. Beijing has previously denied claims that it’s supplying or planning to supply arms to Moscow amid its conflict with Kiev, calling such allegations by Washington “false.”

Russia has also insisted that it relies on locally made weaponry in its military operation. “Now, the Biden administration has failed. They have allowed the Russians and the Chinese to come together in this way and it presents enormous risk to the US and every citizen,” Pompeo continued. Commenting on Xi Jinping’s visit to Moscow, US National Security Council spokesman John Kirby said he didn’t believe that there was an alliance between Moscow and Beijing, reiterating his earlier suggestion that it was just “marriage of convenience.” Russia’s President Vladimir Putin sees “a potential backer” in Xi, but “whether it results in anything, we’ll see,” Kirby remarked during a briefing on Tuesday.

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“..changes “the likes of which we haven’t seen for 100 years.”

“A hundred years ago the world had just seen off a big war. Four big empires, the Russian, German, Austria-Hungarian and the Ottoman had suddenly vanished. The U.S. had stepped onto the international scene..”

• The ‘Junior Partner’ Meme Gives No Insight To Real Changes (MoA)

Is there really a ‘junior partner’ in the Russian Chinese relations? Does Russia really need China more than China needs Russia? Well, who of two, Russia and China, has all the stuff that is needed for a modern life? I mean energy, minerals, commodities, foodstuff plus the abilities to retrieve and process all of them into useful products. It is obvious that Russia has all this stuff right within its borders. China, on the other side, is mostly importing these things through rather fragile sea routes. China has a naval problem that can only be solved with Russian weapons. So who is really in need of whom? China has obviously more people than Russia. But for all the Chinese riches these are still less well off than the people in Russia.

On purchase power parity base (PPP) Russia’s GDP per capita in 2022 was $31,962 while China’s was $21,291. When the Russian GDP per capita is 50% higher than the Chinese one can it really be a ‘junior partner’ in this? I don’t think so. I believe that Russia and China see themselves as equals. That is certainly true for the relation between President Putin and President Xi. Two equals who together do great things: As he left a state reception at the Kremlin on Tuesday, Chinese President Xi Jinping turned to his Russian counterpart, Vladimir Putin, and said the world was undergoing changes “the likes of which we haven’t seen for 100 years.” “And we are the ones driving these changes together,” he said. “I agree,” Putin replied, shaking hands with the Chinese leader in an exchange that was captured on camera.

A hundred years ago the world had just seen off a big war. Four big empires, the Russian, German, Austria-Hungarian and the Ottoman had suddenly vanished. The U.S. had stepped onto the international scene. In China the Kuomintang and the Communists founded the United Front to beat the rampant warlords the imperialists had created. (Russia helped with that.) Those were indeed times of great changes. We now see similar changes in this world. The U.S. empire and its proxies are in decline. The BRICS countries, led by Russia and China and rising, now have a bigger GDP(PPP) than the G7. Times have changed. The arrogance of the ‘west’ has ruined its own position in the world. A multitude of other powers have established themselves and are taking over. Russia and China together will see to that. Can the ‘west’ do something about this. I could. If it became humble and truly aware of its own position and of those of the rest of the world. But I for now see no way that it is going to happen. Certainly not anytime soon. Certainly not as long as its political discussions are made up from unfounded memes.

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“..the US’ position “is perfectly logical.” “What I can’t understand is the position of European leaders who are unable to make decisions that benefit Europeans..”

• ‘The United States of America Is Our Enemy,’ Says Medvedev (TASS)

The United States is currently a hostile country that seeks to cause as much damage to Russia as possible, Russian Security Council Deputy Chairman Dmitry Medvedev said. “They are our rivals, and today – let’s put it bluntly-they are our enemy. The United States of America is our enemy,” Medvedev pointed out in an interview with Russian media outlets, including TASS, and users of the VKontakte social media network. However, he pointed out that unlike EU nations, the US holds “a consistent stance.” “They are trying to cause us as much damage as possible, and, where feasible, even tear our country apart and put Europe under their spell in the worst way so that it is unable to move at all,” the Russian Security Council deputy chairman noted, adding: “The reason is that sometimes, the leaders that come to power there start getting clever, either withdrawing from NATO or suspending membership or doing something else.”


The Americans have now achieved their goal, Medvedev went on to say, pointing out that the US’ position “is perfectly logical.” “What I can’t understand is the position of European leaders who are unable to make decisions that benefit Europeans. All of their decisions benefit either certain rival political groups or the Americans,” the deputy secretary of the Russian Security Council said. He emphasized that European nations “are no longer an independent subject of international law as they have simply become a cash cow for the United States at the expense of their taxpayers.” “And they are doing it not even for ideological reasons, but out of stupidity and cowardice,” Medvedev concluded.

https://twitter.com/i/status/1639160121841385472

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“As a result, Russia would get a neighbor “who is not only a member of an unfriendly bloc but also plans to produce nuclear weapons..”

• Medvedev Says Diplomacy Doesn’t Always Work, Special Op Was Right Move (TASS)

There are situations where agreements are counterproductive and one needs to take steps like launching a special military operation, Russian Security Council Deputy Chairman Dmitry Medvedev said in an interview with Russian media outlets, including TASS, and users of the VKontakte social media network. “In my view, it makes no sense to negotiate in certain situations. One must ignore it, and in some cases make decisions like the one that was made on February 24 last year because agreements can be counterproductive in certain cases,” Medvedev pointed out, when asked if Moscow needed to make agreements with the countries that failed to see Kiev’s crimes.

According to him, Moscow tried for decades to convey some simple things to the West. “Guys, the Soviet Union collapsed. Yes, it’s sad but that is what happened, both because of the Soviet leadership’s incompetent policy and your external interference. The country fell apart but ties did not, and the people remained the same. How do you imagine that? Ukraine becoming part of NATO?” he said, clarifying Russia’s message. Meanwhile, Ukraine “had its own nuclear weapons complex,” Medvedev went on to say. As a result, Russia would get a neighbor “who is not only a member of an unfriendly bloc but also plans to produce nuclear weapons,” he noted. “I would like to point out that Ukraine’s leader spoke about this shortly before the start of the operation, in late 2021.

So do you want us to put up with it? Particularly in a situation where we have a dispute over Crimea because we consider it part of our land and they regard it as their territory. So imagine them joining NATO and launching a large-scale operation against our country under NATO’s umbrella – we cannot accept this,” Medvedev stressed. The politician stressed that Russia had proposed a draft agreement on security guarantees to Western countries. “They responded ‘no’,” Medvedev said. In his opinion, “the current ramifications are much more complicated than they would have been” had the document been signed last December.

https://twitter.com/i/status/1638809561045037057

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Iraq and Kosovo tell the story.

• Effects Of Depleted Uranium In Ukraine Cannot Be Controlled – Zakharova (TASS)

Radiation effects of depleted uranium shells, should these be used on the territory of Ukraine, will be impossible to control, Russian Foreign Ministry spokeswoman Maria Zakharova told a news briefing on Thursday. “Now the impact of used weapons and shells will be impossible to control either for neighboring states or for the states of the region. This simply cannot be done,” she said, while commenting on London’s intention to provide shells with depleted uranium to Kiev.


“It is possible to participate in the exchange of intelligence, it is possible to ask Washington to control the Kiev regime to ensure it should not carry out strikes at the territory of Poland or shoot down aircraft of some other countries, it is possible to do many other things, but no one can give instructions to radiation, it’s impossible to negotiate with it, there is no way of controlling it.” Zakharova recalled the Chernobyl and Fukushima nuclear power plant disasters. “Both tragedies still have dire consequences. Their scale is different, but the lesson is the same: it’s impossible to come to terms with radiation,” she added.

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Take from the Guardian. “..to enable the Ukrainians to retake territory to liberate more and more and more land..”

• Nato Chief: West Must Brace To Support Ukraine In A Long War (G.)

Vladimir Putin has no immediate plans for peace in Ukraine and so the west needs to brace itself to supply lethal aid to Kyiv for a long time to come, Nato’s secretary general has warned in an interview with the Guardian. Jens Stoltenberg said the Russian president was engaged in “a war of attrition”, and said he wanted Nato members to agree that spending 2% of GDP on defence as a minimum at the alliance’s next summit, in the Lithuanian capital, Vilnius. The fierce fighting, currently centred around Bakhmut, in eastern Ukraine, demonstrates Russia is willing “to just throw in thousands and thousands more troops, to take many casualties for minimal gains”, the Nato head said.

“President Putin doesn’t plan for peace, he’s planning for more war,” Stoltenberg continued, adding that Russia was increasing military industrial production and “reaching out to authoritarian regimes like Iran or North Korea, and others to try to get more weapons”. As a result, the US, UK, France, Germany and other western states had to be prepared to support Ukraine with weapons, ammunition and spares over a long time. “The need will continue to be there, because this is a war of attrition; this is about industrial capacity to sustain the support,” the secretary general said. At present, the combat was so intense that Ukraine’s use of artillery shells – 4,000 to 7,000 a day to Russia’s 20,000 – was outrunning western manufacturing.

“The current rate of ammunition expenditure is higher than the current production rate,” Stoltenberg said, although new contracts meant that was changing. Earlier this week, EU members agreed to supply Ukraine with a million rounds of shells, enough for six months or so. But heading into what is expected to be his final summit, Stoltenberg said he wanted Nato members to be prepared to spend more to reverse Russia’s invasion. Nato’s annual report, out on Tuesday, acknowledged that only seven of 30 member states – the US, UK, Poland, Greece and the Baltic countries – met the current defence spending target of 2% of GDP in 2022. France at 1.89% and Germany at 1.49% fell short, although both have committed to increases.

[..] A serious effort by China to act as a mediator in the conflict must be accompanied by an attempt “to understand Ukraine’s perspectives”, the Nato chief said, and to “engage with President Zelenskiy directly”. But while welcoming any peace initiative, he complained that Beijing had not yet condemned the Russian invasion. Stoltenberg thought the west had provided enough military equipment, including tanks, fighting vehicles and rocket artillery, “to enable the Ukrainians to retake territory to liberate more and more and more land” seized by Russia after the initial invasion in February 2022. The goal, he emphasised, was “to enable the Ukrainians to launch an offensive and to retake territory” although he said Nato was not a party to the conflict, with alliance members making their own decision on providing weapons and leaving battlefield calculations to Ukraine’s commanders.

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“..and prepared reserves of about 200,000 people..”

• Ukraine Deployed Over 80,000 Servicemen Around Bakhmut – Prigozhin (TASS)

The Ukrainian armed forces have gathered over 80,000 servicemen around Artyomovsk (the Ukrainian name of the city is Bakhmut – TASS), Yevgeny Prigozhin, the founder of the Wagner private military company, said in a video published on his press service’s Telegram channel on Thursday. “As of today, the enemy has deployed more than 80,000 [servicemen] around Bakhmut. This grouping is in Seversk, Slavyansk, Kramatorsk, Druzhkovka, Konstantinovka and Chasovoy Yar,” Prigozhin said. “The Ukrainians received a very large amount of various NATO equipment, various armored vehicles, Leopards tanks, which everyone is talking about, and prepared reserves of about 200,000 people,” he added.


According to Prigozhin, with the help of the accumulated forces, in addition to military action in Artyomovsk, the Ukrainian armed forces may try to strike the first blow in the direction of Belgorod. “They will try to go near Belgorod,” he theorized. The founder of the Wagner private military company indicated the Svatovo – Kremennaya contact line, where, in his opinion, they may try to “reach Valuiki.”

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Ukraine, like US and Russia, never ratified the Rome Statute. But it does get an ICC office?! And to look only at Russian “crimes”?

• Ukraine Welcomes ICC Office (RT)

Ukraine’s prosecutor-general signed an agreement on Thursday to allow the International Criminal Court (ICC) to open a representative office in Kiev. Andrey Kostin called it a “significant beginning” in the country’s relationship with the ICC, though Ukraine has still not signed the Rome Statute to accept its jurisdiction. “I am convinced that we will not stop until all those guilty of international crimes committed against Ukraine are brought to justice,” including the Russian military and political leadership, Kostin said after meeting with ICC Secretary Peter Lewis. The prosecutor’s visit to The Hague comes just days after the ICC issued an arrest warrant for Russian President Vladimir Putin and children’s rights commissioner Maria Lvova-Belova, alleging that the evacuations of children from the combat zone amounted to “forcible transfer of population.”

Kostin also praised ICC Chief Prosecutor Karim Khan, a British lawyer, for “tirelessly standing guard over justice,” and said Ukraine and the court were “building a more just world”together. The ICC itself acknowledged that Ukraine is not a party to the Rome Statute, the 1998 international treaty that established the ICC. However, the court noted that Kiev has selectively accepted its jurisdiction for alleged crimes committed beginning in November 2013 – when US-backed protests against the government, later known as the Maidan revolution, began – and for an indefinite period thereafter.

Russia never ratified the Rome Statute, and Moscow has responded to the warrant by saying the ICC has no authority or legitimacy. Former president Dmitry Medvedev said that the charges signaled a “complete collapse of international law.” Russian authorities have also initiated criminal proceedingsagainst Khan and ICC judges Tomoko Akane, Rosario Salvatore Aitala and Sergio Gerardo Ugalde Godinez, involved in issuing the warrant. The ICC also revealed that referrals for the alleged crimes in Ukraine came from a collection of countries, mainly EU and NATO members or otherwise allied with Washington. The US itself was not directly involved, however, as it too does not recognize the court. The US withdrew its signature in 2002 and passed a law allowing for a military invasion of The Hague in case any Americans or allies were detained there.

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Hungary did ratify Rome, but turns its back on the arrest warrant.

• Hungary Says It Won’t Arrest Putin (RT)

While the Hungarian government has yet to take an official position on the International Criminal Court’s war crimes warrant against Russian President Vladimir Putin, the prime minister’s chief of staff said on Thursday that the country’s constitution wouldn’t allow for its enforcement. “We can refer to the Hungarian law, and based on that we cannot arrest the Russian president … as the ICC statute has not been promulgated in Hungary,”said PM Viktor Orban’s chief of staff, Gergely Gulyas, addressing reporters during a press conference in Budapest. “These decisions are not the most fortunate as they take things towards further escalation and not towards peace,” Gulyas said in reference to the ICC warrant, qualifying it as his “personal, subjective opinion.”

Last week, the ICC called for the arrest of Putin and Russian children’s rights commissioner Maria Lvova-Belova, accusing them of personal, command and indirect responsibility for “forcible transfer of population,” referring to Moscow’s efforts to evacuate children from the combat zone. Ukraine cheered the move, accusing Russia of “kidnapping” children. Moscow responded by saying the ICC has no authority or legitimacy, as Russia never ratified the 1998 Rome Statute that established the court. Former president Dmitry Medvedev said that the charges meant a “complete collapse of international law.” Russian authorities have also initiated criminal proceedingsagainst the ICC’s head prosecutor and three judges involved with the warrant.

Ukraine never ratified the Rome Statute either, but the government set up after the US-backed coup in 2014 announced it would accept its jurisdiction for crimes allegedly committed by Russia on its territory. Hungary did ratify the Rome Statute, and was actually among the NATO countries and other US allies that sent the ICC a criminal referral on Ukraine on March 2, at least according to the court. Washington was not directly involved, however, as the US does not recognize the ICC either. After withdrawing its signature on the Rome Treaty in 2002, the US Congress passed a law allowing for the use of military force to rescue any American or member of an allied military, should they be detained in The Hague.

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“Manhattan District Attorney Alvin Bragg is “having trouble” convincing members of the grand jury to hear the case..”

• House Judiciary Committee Expands Probe Into Alvin Bragg (PM)

House Judiciary Committee Chairman Jim Jordan (R-OH) sent letters Wednesday to former special prosecutors Carey Dunne and Mark Pomerantz demanding documents and testimony relating to Manhattan District Attorney Alvin Bragg’s “unprecedented abuse of prosecutorial authority” amid the reported impending indictment of former President Donald Trump. Dunne and Pomerantz both resigned from their positions in the DA’s Office in January 2022 after Bragg’s initial reluctance to move forward with charges against President Trump. Since leaving the DA’s office, Dunne and Pomerantz have publicly criticized Bragg for refusing to aggressively prosecute the former president and now have even opened a law firm to bring lawsuits to prevent Trump from holding future office.

House Judiciary Committee Chair Jim Jordan (R-OH) wrote in the letters “Your criticisms of Bragg’s investigation were widely reported. It now appears that your efforts to shame Bragg have worked as he is reportedly resurrecting a so-called ‘zombie’ case.” The letters asked Pomerantz and Dunne to turn over documents related to the Trump investigation, including communications with federal agencies and other staffers in the DA’s office and sit for transcribed interviews by the morning of March 27. On Monday, Jordan, Reps. Jim Comer (R-KY) and Bryan Steil (R-WI), the chairs of the Oversight and House Administration Committees sent a letter to Bragg requesting his testimony and documents which included the communications of Pomerantz and Dunne.

Jordan wrote, “In January 2022, soon after you took office, you expressed doubts about President Trump’s case and suspended the investigation.” News broke Wednesday that the grand jury investigating former President Donald Trump for his alleged involvement in a $130,000 payment to adult film actress Stormy Daniels on the eve of the 2016 election was told not to show up and would reconvene on Thursday amid reports that Manhattan District Attorney Alvin Bragg is “having trouble” convincing members of the grand jury to hear the case.

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“..the explosions occurred in an area that had toxic seafloor sediments, which could prove to be worse for the marine life than the release of CO2..”

• CIA Planted Nord Stream Stories in NYT, German Outlets – Hersh (Celente)

Seymour Hersh, the Pulitzer Prize-winning journalist, wrote in a blog post on Wednesday that the CIA planted stories about the Nord Stream pipelines sabotage in the New York Times and German magazine Die Zeit in a coordinated effort to discredit his story that it was the Biden administration behind the attack.“The disinformation professionals inside the CIA understand that a propaganda gambit can only work if those on receiving are desperate for a story that can diminish or displace an unwanted truth. And the truth in question is that President Joe Biden authorized the destruction of the pipelines,” an American intelligence source told Hersh. Hersh’s original story went into detail on how the U.S. and Norway allegdly carried out the elaborate bombing.

His theory is that President Joe Biden was concerned Germany would turn back to Russia for its natural gas if there was a cold winter and restart the pipeline. The White House called Hersh’s story completely false. Hersh brushed off the report in The New York Times that blamed the attack on a “pro-Ukrainian group.” Hersh seemed unimpressed with the report and laughed when reached by The Trends Journal. He joked, “I always thought either Somalia or Nepal were behind it.” The Times’s report cited unnamed U.S. officials who said they reviewed new intelligence about the pro-Ukraine group with no known ties to the Ukrainian government. Ukraine also denied any role in the attack. The paper said: The review of newly collected intelligence suggests they were opponents of President Vladimir V. Putin of Russia, but does not specify the members of the group, or who directed or paid for the operation.

The Chinese Foreign Ministry on Wednesday said it supports Russia’s draft resolution that calls on the UN to launch an international investigation into the blast, according to The Global Times. The blast was an environmental disaster. Phys.org wrote, “the explosions took place near the Danish Island of Bornholm in the Baltic Sea. It has previously been estimated that more than 115,000 tons of natural gas escaped the damaged pipeline in just six days, with a greenhouse gas contribution of approximately 15 million tons of CO2—or the amount of carbon that can be absorbed by roughly 580 million trees in a year.” The report noted that the explosions occurred in an area that had toxic seafloor sediments, which could prove to be worse for the marine life than the release of CO2.

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“While many Democrats repeatedly stress that influence peddling is not criminal, it is corrupt and the Bidens appear to be a class in themselves..”

• Biden Played Direct Role in Addressing Hunter’s Business Deals (Turley)

Some of us have written for two years that President Biden’s denial of knowledge is patently false. It was equally evident that the Biden family was selling influence and access. There are emails of Ukrainian and other foreign clients thanking Hunter Biden for arranging meetings with his father. There are photos from dinners and meetings that tie President Biden to these figures, including a 2015 dinner with a group of Hunter Biden’s Russian and Kazakh clients. People apparently were told to avoid directly referring to President Biden. In one email, Tony Bobulinski, then a business partner of Hunter’s, was instructed by Biden associate James Gilliar not to speak of the former veep’s connection to any transactions: “Don’t mention Joe being involved, it’s only when u [sic] are face to face, I know u [sic] know that but they are paranoid.”

Instead, the emails apparently refer to President Biden with code names such as “Celtic” or “the big guy.” In one, “the big guy” is discussed as possibly receiving a 10 percent cut on a deal with a Chinese energy firm; other emails reportedly refer to Hunter Biden paying portions of his father’s expenses and taxes. Bobulinski has given multiple interviews that he met twice with Joe Biden to discuss a business deal in China with CEFC China Energy Co. That would seem obvious evidence. In addition, the New York Post reported on a key email that discussed “the proposed percentage distribution of equity in a company created for a joint venture with CEFC China Energy Co.” That was the email on March 13, 2017 that included references of “10 held by H for the big guy.”

The new emails show that, as early as 2015, [former Biden Communications Director Kate] Bedingfield told Hunter’s top financial lieutenant Eric Schwerin via email that Joe Biden approved a statement regarding Hunter’s board position. Yet, for years, Biden’s communications office repeated his denial of any involvement or knowledge. That stands in contradiction to Bedingfield’s 2015 email acknowledging that “VP signed off on this — will give this quote to reporters in my name shortly.” Bedingfield left the White House in 2023. The White House has continued the categorical denials. When confronted by Fox’s Fox News’ Peter Doocy on the transfer records showing millions sent from China, White House press secretary Karine Jean-Pierre responded: “Look, I’m just not going to respond to that from here. Look, we have heard from House Republicans for years and years and years how — the inaccuracies and lies when it comes to this issue. And, I don’t even where to begin to even answer that question because, again, it’s been lies and lies and inaccuracy for the past couple of years and I’m just not going to get into it from here.”

The only reason that Biden would even attempt to maintain this clearly false defense is that he could count on a supportive media to blunt any attacks and limit inquiries. Of course, there is a difference with the Sgt. Schulz defense. Schultz was harmless and comical. The Biden influence peddling allegations is neither. Despite the striking lack of interest of many in the media, this is about millions of dollars paid to the First Family by foreign sources, including some with foreign intelligence ties. Influence peddling has long been the favored form of corruption in Washington. While many Democrats repeatedly stress that influence peddling is not criminal, it is corrupt and the Bidens appear to be a class in themselves. Yet, even with the clear contradiction of the President’s repeated statements to the public, Democrats still oppose any investigation into the alleged influence peddling. What made Sgt. Schultz funny is precisely why the Biden defense is collapsing. The refusal of the media to see what is now in plain view will convince no one. At some point, Democratic leaders will have to recognize the obvious or join the Bidens (and many journalists) in this cast of this theater of the absurd.

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In several steps, VAERS was massively expanded. They knew.

• FOIA Document Shows Government Anticipated Mass Vaccine Injuries (Horowitz)

[..] as Hebrew University Professor Josh Guetzkow reveals, not only did the CDC know about the vaccine injuries blowing up VAERS at record levels (even before the general public had access to them), the agency contracted with defense contractor General Dynamics to handle the database in anticipation of record use. Then, when the vaccines were released, the CDC had to up the contract to account for even more entries, yet showed no moral qualms about continuing with the campaign without disclosing these revelations to the public. Guetzkow, who has secured numerous FOIA’ed documents both in the U.S. and Israel throughout COVID, posted 69 pages of FOIA’ed documents and contracts from General Dynamics Information Technology to the CDC’s immunization safety office.


Thanks to his work, we already know from the previous FOIA’ed documents that the CDC’s $9.45 million contract with General Dynamics in August 2020 stated that officials anticipated 1,000 adverse event reports a day, with 40% of them being serious. Yet, like a cold serial killer soullessly counting his casualty list, the CDC was completely fine with going through with this campaign, as if it were the price that had to be paid to worship the spirit of the age – the modern-day Moloch. However, this document shows that as early as Jan. 15 – when most people still could have avoided these shots – the CDC was aware of record-setting reports that crushed even the agency’s initial cold-hearted, morbid expectations.

As you can see from page 8 of the pdf, General Dynamics warned the CDC that VAERS had blown through the expected 1,000 cases per day and even reached a level above 4,500 – to the point that GD couldn’t process the data. Mind you, they were never concerned with the human toll, just the logistics of the contract labor. They predicted a need for “reforecasting of staffing needs” to process all these reports. Already in December 2020, when the shots were only available for select people like doctors, there were over 19,000 reports and close to 344,000 website visits. It’s hard to see how this wasn’t organic from people genuinely in pain because there was no organized campaign in the United States to inform people of VAERS at the time. I myself (who obsessively focused on this) hadn’t heard of it until two months later.


By Feb. 15, General Dynamics reported a continued record-setting pace of reports and website visits, to the point that workers had to expand their VAERS ID reports to allow for seven digits instead of six. In April, officials reported that they had to hire an additional 200 staffers to deal with the backlog and continue to process 25,000 reports per week, well beyond the threshold they originally contracted for. As eligibility for the shots expanded for all age groups, they continued to process over 30,000 injury reports a week, yet the CDC never said a word about it. Not only did officials not take the products off the market, they began mandating them over late summer 2021, with some mandates that remain in place to this very day.

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20,000 year-old fossilized human footprints were discovered in Australia in 2006: they indicate the hunter who made them was running at ~37 km/h (or 23 mph), the speed of a modern Olympic sprinter, but barefoot and in sand

 

 

Black hole sound

 

 


The Ili pika (Ochotona iliensis) is a critically endangered species of mammal in the family Ochotonidae, endemic to northwest China. It was discovered in 1983: this is the first documented photo in 20 years, taken in 2015

 

 

Full frontal flip

 

 


Claude Monet in his Giverny garden in 1899.

 

 


What the inside of a tardigrade looks like
Andreas Schmidt-Rhaesa, Corinna Schulze and Ricardo Neves

 

 

 

 

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Debt Rattle March 23 3023

Mar 232023
 
 March 23, 2023  Posted by at 9:15 am Finance Tagged with: , , , , , , , ,  66 Responses »


Gustav Klimt Pine forest I 1901

 

• In Moscow, Xi And Putin Bury Pax Americana (Escobar)
• Multipolarity Was Triggered By The 2003 US Invasion Of Iraq (Kneissl)
• Why Hypersonic Weapons Change Everything (Krainer)
• EU ‘Delusional’ In Its Push To ‘Decouple’ From Russia – Austrian FM (RT)
• Results Of Xi’s Visit To Russia Matter, Not Western Reaction – Kremlin (TASS)
• China Gives US Advice On Ukraine (ZH)
• West Wants Ukraine To Be Destroyed – Moscow (RT)
• West Brings Humankind Closer To Nuclear Armageddon – Antonov (TASS)
• UK’s Depleted Uranium Plan Threatens All Of Europe – Moscow (RT)
• Russia Calls On US Not To Escalate Situation (TASS)
• Russia, China Reject Import Of ‘Color Revolutions’ To Central Asia (TASS)
• Russia and China Sign Long-Term Nuclear Deal (RT)
• Macron Will Not Seek Re-election, Ready To Sacrifice His Popularity (TASS)
• US Trying To ‘Cover Up’ Nord Stream Sabotage Role – Seymour Hersh (RT)
• US Must Respond To Nord Stream Accusations – Mexican President (RT)
• Elon Musk Urges US To Guarantee All Bank Deposits (RT)
• Hunter Biden Used FBI Mole Named ‘One-eye’ To Tip Him Off To China Probes (NYP)

 

 

 

 

Nuland

 

 

 

 

 

 

 

 

Tucker Moderna

 

 

Rand Paul Blinken

 

 

 

 

Gaddafi

 

 

 

 

 

 

IVM

 

 

 

 

Very few in the west have an overview of how the world changed last weekend.

“..the Russian position remains ironclad: demilitarization, Ukrainian neutrality, and enshrining the new facts on the ground. In parallel, the Russian Foreign Ministry completely ruled out a role for the US, UK, France, and Germany in future Ukraine negotiations: they are not considered neutral mediators.”

• In Moscow, Xi And Putin Bury Pax Americana (Escobar)

What has just taken place in Moscow is nothing less than a new Yalta, which, incidentally, is in Crimea. But unlike the momentous meeting of US President Franklin Roosevelt, Soviet Leader Joseph Stalin, and British Prime Minister Winston Churchill in USSR-run Crimea in 1945, this is the first time in arguably five centuries that no political leader from the west is setting the global agenda. It’s Chinese President Xi Jinping and Russian President Vladimir Putin that are now running the multilateral, multipolar show. Western exceptionalists may deploy their crybaby routines as much as they want: nothing will change the spectacular optics, and the underlying substance of this developing world order, especially for the Global South. What Xi and Putin are setting out to do was explained in detail before their summit, in two Op-Eds penned by the presidents themselves. Like a highly-synchronized Russian ballet, Putin’s vision was laid out in the People’s Daily in China, focusing on a “future-bound partnership,” while Xi’s was published in the Russian Gazette and the RIA Novosti website, focusing on a new chapter in cooperation and common development.

Right from the start of the summit, the speeches by both Xi and Putin drove the NATO crowd into a hysterical frenzy of anger and envy: Russian Foreign Ministry Spokeswoman Maria Zakharova perfectly captured the mood when she remarked that the west was “foaming at the mouth.” The front page of the Russian Gazette on Monday was iconic: Putin touring Nazi-free Mariupol, chatting with residents, side by side with Xi’s Op-Ed. That was, in a nutshell, Moscow’s terse response to Washington’s MQ-9 Reaper stunt and the International Criminal Court (ICC) kangaroo court shenanigans. “Foam at the mouth” as much as you like; NATO is in the process of being thoroughly humiliated in Ukraine.

During their first “informal” meeting, Xi and Putin talked for no less than four and a half hours. At the end, Putin personally escorted Xi to his limo. This conversation was the real deal: mapping out the lineaments of multipolarity – which starts with a solution for Ukraine. Predictably, there were very few leaks from the sherpas, but there was quite a significant one on their “in-depth exchange” on Ukraine. Putin politely stressed he respects China’s position – expressed in Beijing’s 12-point conflict resolution plan, which has been completely rejected by Washington. But the Russian position remains ironclad: demilitarization, Ukrainian neutrality, and enshrining the new facts on the ground. In parallel, the Russian Foreign Ministry completely ruled out a role for the US, UK, France, and Germany in future Ukraine negotiations: they are not considered neutral mediators.

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“..orientation comes from Orient.”

• Multipolarity Was Triggered By The 2003 US Invasion Of Iraq (Kneissl)

In the run-up to the Iraq invasion, there was a great deal of division among UN Security Council (UNSC) members. US Secretary of State Colin Powell presented questionable evidence of Iraq’s possession of weapons of mass destruction, while the foreign ministers of Germany and France publicly opposed the aggression, for which they occasionally received applause in the Council. China and Russia, who vehemently opposed the war, began coordinating their decisions and responses, in part because of their respective oil interests in Iraq. This cooperation between Moscow and Beijing set the stage for a coordinated multilateral approach between the two nations. Both governments understood that a war would open Pandora’s box, leading to the collapse of Iraqi institutions and resulting in widespread regional disharmony.

Unfortunately, this is precisely what happened. The subsequent years saw weekly attacks, an expansion of Salafi terror groups like Al Qaeda, the rise of ISIS in 2014, and perpetual internal Iraqi conflict. Anyone familiar with the country‘s conditions was aware of the looming catastrophe when the illegal invasion of Iraq began on 20 March, 2003. Twenty years to the day, Chinese President Xi Jinping will embark on a three-day state visit to Moscow, and the focus will extend beyond bilateral energy relations, which have been a consistent priority since 2004. As previously stated in their joint declaration in Beijing in February 2022, Russian President Vladimir Putin and his Chinese counterpart aim to coordinate their foreign policy and advance it together. Their discussions may also touch on the Ukraine dossier, although media expectations in the west may be overestimated.

It may be pure coincidence that the meeting coincides with the 20th anniversary of the Iraq invasion. Yet it also highlights how extensively Russian and Chinese strategies have intertwined over the past two decades. Today, increasingly, “orientation comes from Orient.” Cooperative geostrategic leadership and sound alternative propositions to resolve global conflicts are being shaped in Beijing and Moscow – because the old centers of power can offer nothing new. Twenty years after the US invasion of Iraq, a failed ‘war on terror,’ the proliferation of extremism, millions of dead and displaced in West Asia, and never-ending conflict, China and Russia have finally teamed up to systematically advance their view of the world, this time with more resolve and global clout.


Brzezinski 1997

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“Russia is the only country in the world that has deployment-ready hypersonic missiles – not one but three types..”

• Why Hypersonic Weapons Change Everything (Krainer)

It was in 2018 that Vladimir Putin took the stage to present Russia’s new hypersonic weapons. The term “hypersonic” refers to missiles that fly at speeds of 5 mach and higher. At the time, many in the west dismissed Putin’s claims and thought it was a bluff. We now know that he wasn’t bluffing. Russia is the only country in the world that has deployment-ready hypersonic missiles – not one but three types: Zircons, Kinzhals and Avantguards. Domazet explained why these weapons are radical game changers in warfare. Namely, in World War 1, tanks were the game changing military technology. Since World War 2, it’s been the air-force. Aircraft carrier strike groups have been an irresistible force wherever they travelled, dominating the seas ever since. But hypersonic precision missiles have rendered that force obsolete overnight.

The main military front in today’s global conflict, according to Domazet, are the Anti-Ballistic (ABM) batteries which the US has set up on the Poland-Romania axis, and the Russians on the North Pole-Kaliningrad-Crimea-Syria axis. These are defensive systems, conceived to intercept incoming nuclear missiles (though they can easily be converted to offensive nuclear missiles). However, today’s ABM systems are only effective against missiles flying at speeds up to mach 3.5 (3.5 x the speed of sound). Russia’s new Kinzhal missile flies at speeds of mach 12 to mach 15 and nothing in western defensive arsenals can stop its strike. During the war in Ukraine, Russia staged a stunning demonstration of its power.

The first Kinzhal strike, delivered one month after the beginning of hostilities in Ukraine, was perhaps the most significant: Russian forces targeted a large weapons depot in Ukraine which had been built during the Soviet times to withstand a nuclear strike. It was buried 170 meters (over 500 ft) underground and protected by several layers of armored concrete. The Kinzhal flies at altitudes of between 20 and 40 km, with a maximum range of 2,000 km. When above target, it dives perpendicularly and accelerates to 15 mach, generating enormous kinetic energy in addition to its explosive payload. That first strike with a single Kinzhal missile destroyed Ukraine’s nuke-proof underground weapons depot. This was a message for the west.

[..] Western intelligence estimated that Russia had some 50 Kinzhals at the start of the war in Ukraine, and thus far it has used only 9 of them. Last week, they fired six Kinzhals in a single salvo. That too, was a message. Here’s how Domazet explained it: United States have 11 aircraft carrier strike groups. Of these, fewer than half will be active at any one time (while others are in dock for maintenance, or in preparation). Firing six Kinzhals in one go is military-speak for, “we have the capability to sink ALL of your aircraft carriers at once.”

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“91% of Western companies are still in Russia and doing what is sensible: waiting, containment, ring fencing.”

• EU ‘Delusional’ In Its Push To ‘Decouple’ From Russia – Austrian FM (RT)

Russia will always remain important for Europe, Austria’s foreign minister told Reuters on Wednesday as he defended Raiffeisen Bank’s continued operations in the sanctioned country. Alexander Schallenberg made his comments after the US sanctions authority launched a probe into the Austrian lender over its business related to Russia last month. “Let’s get real,” he said. “91% of Western companies are still in Russia and doing what is sensible: waiting, containment, ring fencing.” Raiffeisen Bank International is Austria’s second-largest lender and, despite sanctions, still plays a critical role in the Russian economy.


It’s one of only two foreign banks on the Russian central bank’s list of 13 systemically important credit institutions. The other is UniCredit, a pan-European commercial bank. “To think that there won’t be Russia anymore and we can decouple in all areas is delusional,” Schallenberg told Reuters, adding that while Austria would loosen ties, this “can’t happen overnight.” Schallenberg also discouraged Europe from introducing further sanctions against Russia. “It is a very blunt weapon,” he said. “We’ve had massive sanctions packages. Give them time to work.”

Bulgaria

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“Dmitry Medvedev [..] pointed out that he was pleased that most Westerners were furious about Russia-China high-level talks..”

• Results Of Xi’s Visit To Russia Matter, Not Western Reaction – Kremlin (TASS)

It is the results of Chinese President Xi Jinping’s visit to Russia that matter, not the Western coverage that was predictably hostile, Kremlin Spokesman Dmitry Peskov told reporters on Wednesday. “Undoubtedly, the most important thing is not the West’s reaction after all, but the results of these talks that have taken place. The main thing is the results of the state visit itself,” the Kremlin spokesman said. “As for the reaction of the Western countries, it is practically on all issues nothing but unfriendly and deeply hostile, this is not a secret to anyone. The coverage of this important visit is not an exception,” Peskov stressed.


Chinese President Xi Jinping was on a state visit in Russia from March 20 to 22. On Monday, he had a tete-a-tete informal meeting with Putin, which lasted for 4.5 hours. On Tuesday, the Chinese leader met with Russian Prime Minister Mikhail Mishustin and then arrived in the Kremlin for official talks with Putin. The leaders signed two joint statements after the talks. They both pointed out that the talks were successful. Deputy Chairman of the Russian Security Council Dmitry Medvedev, who was part of the expanded circle of Russian delegates at the talks, pointed out that he was pleased that most Westerners were furious about Russia-China high-level talks.

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“..contrary to popular assumptions in the West, the global community stands by China on the side of diplomatically pursuing peace.”

• China Gives US Advice On Ukraine (ZH)

Putin had told Xi that the peace plan “correlates to the point of view of the Russian Federation”; but the message out of Biden officials was “don’t be fooled” as it’s all about Moscow seeking to “freeze the war on its own terms,” in the words of Secretary of State Blinken. Also on Tuesday, NSC spokesman John Kirby said China is not an impartial mediator and that China “keeps parroting the Russian propaganda”. On Wednesday the Chinese foreign ministry hit back, charging that Washington is “adding fuel to the fire” of the conflict by its “continuous supply” of weapons to the battlefield. Spokesman Wang Wenbin was asked directly about Kirby and Blinken’s comments from the day prior.

“The US side claims that China’s stance isn’t impartial. But is it impartial to continuously supply weapons to the battlefield? Is it impartial to constantly escalate the conflict? Is it impartial to allow the effects of the crisis to spill over globally?” Wang said. “We advise the American side to rethink its own stance on the Ukraine issue, turn away from the erroneous path of adding fuel to the fire, and stop shifting the blame to China,” he added. The spokesman further insisted Beijing has “no selfish motives on the Ukraine issue, has not stood idly by… or sought profit for itself,” but that “what China has done boils down to one thing, that is, to promote peace talks.” He went on to assert that contrary to popular assumptions in the West, the global community stands by China on the side of diplomatically pursuing peace. According to a transcript:

“On the Ukraine issue, voices for peace and rationality are building. Most countries support easing tensions, stand for peace talks, and are against adding fuel to the fire. This is also China’s position. President Xi Jinping’s visit to Russia is a journey of friendship, cooperation and peace. It has been warmly received internationally. We call on the US to reflect on its own role in the Ukraine issue, stop fueling the flames, and stop deflecting the blame on China.”

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“..if London follows through with its plans, then “Russia will be forced to react accordingly, bearing in mind that the collective West has already started to use weapons with a nuclear component.”

• West Wants Ukraine To Be Destroyed – Moscow (RT)

The British government’s plans to send depleted uranium shells to Kiev for use in the conflict with Moscow show that Western claims of caring about peace and the future of Ukraine are lies, the Russian Foreign Ministry’s spokeswoman Maria Zakharova has claimed. Speaking to Radio Sputnik on Wednesday she insisted that the statement by London is a sign of the “absolute recklessness, irresponsibility and impunity” of the US and Britain when it comes to international affairs. She stressed that munitions containing depleted uranium are not only more powerful and have greater penetrating ability, but they also contaminate the soil with radiation, delivering lasting damage to the environment and affecting many generations of people living in the area.

“Everything that we hear from those countries [the US and UK] about peace, the settlement of the conflict, the future of Ukraine, the well-being of the Ukrainian people – it’s all a lie, falsehood and absolute disorientation of the international community. In reality, the goal is completely different,” Zakharova said. After the UK announced plans to supply armor-piercing depleted uranium shells to the Kiev government, “there can’t be any doubts that we’re talking about is the strongly pronounced intention of the collective West, headed by the US and Britain, to see Ukraine completely destroyed,” she stressed. On Monday, Annabel Goldie, the UK Minister of State for Defense, said that “alongside our granting of a squadron of Challenger 2 main battle tanks to Ukraine, we will be providing ammunition including armor-piercing rounds which contain depleted uranium.”

According to the official, such ammunition should be sent to Kiev because it is “highly effective in defeating modern tanks and armored vehicles.” The announcement by Goldie is “yet another British provocation,” which is aimed at escalating the conflict in Ukraine to a new level, Zakharova said. It’s no coincidence that it was made during the visit of Chinese President Xi Jinping to Moscow for talks with his Russian counterpart Vladimir Putin, which were focused on international stability and the Chinese peace initiative for Ukraine, she suggested. The rounds containing depleted uranium are actually “weapons of mass destruction with a nuclear component,”the spokeswoman insisted, adding that “the WMD issue is part of Anglo-Saxon logic of destabilizing the global international situation.” She recalled how Washington’s unsubstantiated claims that the government of Saddam Hussein had been in possession of weapons of mass destruction became a pretext for the US invasion of Iraq in 2003.

She also noted that NATO had used munitions with depleted uranium during its bombing of Yugoslavia in 1999. “Some 15 tons of depleted uranium 238” were dropped on Yugoslav territory back then, and Serbia is still suffering from the fallout, reporting record numbers of some forms of cancer, Zakharova added. After the announcement of the deliveries of shells with depleted uranium to Ukraine, “we have no grounds anymore to doubt in principle who stands behind the activation, the launch of the conflict in Ukraine in all its phases. It is certainly the NATO-centric collective West, which is headed, in the first place, by the US and UK,” she insisted. Speaking about the issue on Tuesday, President Putin warned that if London follows through with its plans, then “Russia will be forced to react accordingly, bearing in mind that the collective West has already started to use weapons with a nuclear component.”

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“There is a continuous flow of lethal weapons to Ukraine, which are used to annihilate civilians, residential areas, schools, hospitals, kindergartens..”

• West Brings Humankind Closer To Nuclear Armageddon – Antonov (TASS)

Western countries led by the US have decided to bring the humankind to the brink of a nuclear Armageddon, Russia’s Ambassador to the US Anatoly Antonov said in Washington on Wednesday. He was responding to statements by US officials that depleted-uranium munitions are a standard type of weapons that’s been used for decades and doesn’t pose any heightened risk. “Commenting on this kind of nonsense is really hard. US officials have reached a new low with their irresponsible statements. There is a continuous flow of lethal weapons to Ukraine, which are used to annihilate civilians, residential areas, schools, hospitals, kindergartens,” Antonov said, according to a statement from the embassy.


“It seems that the enlightened West, led by Washington, has irrevocably decided to bring humanity to a dangerous line, beyond which a nuclear Armageddon is looming ever more distinctly.” According to a statement published on Monday, UK Minister of State for Defense Annabelle Goldie wrote in response to an inquiry from a member of the House of Lords that the British government would send Ukraine munitions containing depleted uranium and featuring enhanced effectiveness against armored vehicles. Russian President Vladimir Putin said Tuesday that Russia will have to react appropriately to the fact that the “collective West begins using weapons with a nuclear component.”.

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“..depleted uranium munitions, which can contaminate the battlefield and cause health risks for generations to come..”

• UK’s Depleted Uranium Plan Threatens All Of Europe – Moscow (RT)

The British decision to supply depleted uranium munitions to Kiev is part of a dangerous trend that makes the Ukraine conflict a threat to the whole of Europe, Russian State Duma Chairman Vyacheslav Volodin has warned. “The war to the last Ukrainian could become a war to the last European,” the politician said in a social media post. Numerous Russian officials have claimed that Kiev’s Western backers are prepared to sacrifice every Ukrainian for their geopolitical interests. Volodin argued that Kiev’s acquisition of depleted uranium munitions, which can contaminate the battlefield and cause health risks for generations to come, could become a stepping stone to even more dangerous weapons. The next step “could be the use of a dirty bomb by the Kiev regime or the deployment of a tactical nuclear weapon,” added Volodin.

President Vladimir Putin expressed concern about the British decision earlier this week, warning that Russia “will be forced to react accordingly, bearing in mind that the collective West has already started to use weapons with a nuclear component.” The Russian military claimed last October that two organizations in Ukraine had been given instructions to build a so-called ‘dirty bomb’, using materials that Kiev has had access to since it was part of the Soviet Union. The Russian Defense Ministry provided a list of locations in Ukraine where nuclear fuel and nuclear waste is present. A dirty bomb has a conventional explosive core surrounded by a radioactive jacket, and when detonated, it causes serious contamination.

Kiev denied the allegations and invited the International Atomic Energy Agency (IAEA), the UN’s nuclear watchdog, to inspect several of its atomic facilities, including the Eastern Mineral Enrichment Plant in Dnepropetrovsk Region and the Institute for Nuclear Research in the Ukrainian capital. IAEA Director General Rafael Mariano Grossi reported in November that monitors found no evidence of undeclared activities at those two locations or a third site, a rocket-building plant in the city of Dnepr. The British government announced on Monday that it will send Ukraine armor-piercing rounds containing depleted uranium, alongside Challenger 2 main battle tanks that had already been promised.

Lukashenko
https://twitter.com/i/status/1638487524862459904

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“They consider supplying the Kiev regime with even more lethal, longer-range, modern sophisticated systems. Thus, the United States once again shows itself as a party directly involved in the conflict..”

• Russia Calls On US Not To Escalate Situation (TASS)

Russia urges the United States not to continue down the path of escalation, Russian Deputy Foreign Minister Sergey Ryabkov told reporters on Wednesday, commenting on the US Congress’ calls to supply Kiev with cluster munitions. “We call on the US side not to escalate,” he said, answering a question from TASS. The senior diplomat also pointed out that the US once again proved its direct involvement in the Ukrainian crisis by supplying Kiev with more and more lethal weapons. “They consider supplying the Kiev regime with even more lethal, longer-range, modern sophisticated systems. Thus, the United States once again shows itself as a party directly involved in the conflict,” the diplomat said.


Ryabkov pointed out that the US Congress didn’t even realize “what consequences such an initiative could lead to for the security of the US-led NATO and for any chances of potentially normalizing relations with Washington.” The Politico newspaper reported earlier that four high-ranking Republicans in the US Senate and the House of Representatives sent US President Joe Biden a letter, urging the American leader to supply Ukraine with cluster munitions.

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“The sides are ready to strengthen mutual coordination to support Central Asian countries’ efforts to ensure their sovereignty and national development..”

• Russia, China Reject Import Of ‘Color Revolutions’ To Central Asia (TASS)

Russia and China reject attempts to organize “color revolutions” and foreign interference into domestic affairs of Central Asian countries, according to the joint statement signed by Russian and Chinese Presidents, Vladimir Putin and Xi Jinping, after their talks in Moscow on Tuesday. “The sides are ready to strengthen mutual coordination to support Central Asian countries’ efforts to ensure their sovereignty and national development. They reject attempts to import ‘color revolutions’ and foreign interference into regional affairs,” the statement reads. The two leaders also lauded the positive contribution of the Collective Security Treaty Organization (CSTO) to regional security and the potential of cooperation between the CSTO and China to ensure peace and stability in the region.

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“China already operates five Russian nuclear reactors and currently has four more under construction..”

• Russia and China Sign Long-Term Nuclear Deal (RT)

Russia and China are deepening their partnership in nuclear energy and will draw up a roadmap for cooperation in developing so-called fast-neutron reactors for decades to come, Russia’s state-run nuclear energy giant Rosatom announced on Wednesday. According to the company, the comprehensive program lays the ground not only for bilateral cooperation, but will essentially influence the shape of the global nuclear energy sector. The document signed between Rosatom and the China National Nuclear Corporation covers “key areas” and is focused on expanding current cooperation as well as launching new projects “related to fast-neutron reactors, the production of uranium-plutonium fuel and the management of spent nuclear fuel.”


The announcement of a long-term nuclear deal came among a raft of agreements presented during a three-day visit by Chinese President Xi Jinping to Moscow. China already operates five Russian nuclear reactors and currently has four more under construction, which makes Russia the largest nuclear supplier to the country. Last year, Rosatom launched the construction of the Xudabu-4 reactor and the Tianwan-8 reactor in the Jiangsu province in eastern China. The reactors will be powered by third-generation pressurized water reactor technology supplied by Rosatom, with operations set to begin between 2026 and 2028, according to the agreement. The cost of construction at each site is estimated to be $1.7 billion.

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He should just leave.

• Macron Will Not Seek Re-election, Ready To Sacrifice His Popularity (TASS)

French President Emmanuel Macron said on Wednesday against the backdrop of the pension reform unfolding in the country that he was ready to sacrifice his popularity for France’s interests as he did not intend to be re-elected. “I am not going to do another term, I cannot do it according to the Constitution. Between the opinion polls and the interests of the country I will choose the latter,” he told the TF1 and France-2 TV channels in an interview. “If I have to face unpopularity, I am ready for it,” he added. The head of the state admitted that he had a responsibility to “settle the understandable anger”, however, he pointed out that this anger should not turn into violence, which he said was unacceptable.


“Rallies, the participants of which show protest – this is legal. But its legality should not exceed the legality of democratic decisions, which come to life through the decisions of the people’s deputies,” Macron said. A draft pension reform to raise the retirement age in France from 62 to 64 years was presented in January. This initiative sparked rallies and strikes across the country. On March 16, the head of the French cabinet, Elisabeth Borne, used her constitutional powers and announced that the bill would be adopted without a vote in the National Assembly (the lower house of parliament). This decision sparked a new wave of rallies, which often ended in clashes with the police.

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Hersh’s newest is behind a paywall.

• US Trying To ‘Cover Up’ Nord Stream Sabotage Role – Seymour Hersh (RT)

Pulitzer Prize-winning journalist Seymour Hersh claims the US intentionally provided false stories to the media to cover up Washington’s involvement in the destruction of Russia’s Nord Stream 2 pipeline. In a post on his Substack blog, the veteran reporter claims the CIA was tasked with preparing a cover story in collaboration with German intelligence to provide the American and German press with an “alternative version” of the Nord Stream 2 explosions. “In the words of the intelligence community, the agency was ‘to pulse the system’ in an effort to discount the claim that Biden had ordered the pipeline’s destruction,” Hersh wrote, citing an anonymous source with access to diplomatic intelligence. He noted that the CIA had completed its task and, with the help of Germany, planted stories in the New York Times and German weekly Die Zeit. These referred to a supposed “ad hoc ‘off the books’ operation” carried out by a “pro-Ukrainian group,” which allegedly used a luxury sailing yacht to plant explosives on the Nord Stream pipelines.


“It was a total fabrication by American intelligence that was passed along to the Germans, and aimed at discrediting your story,” a source within the American intelligence community reportedly told Hersh. “The disinformation professionals inside the CIA understand that a propaganda gambit can only work if those on receiving are desperate for a story that can diminish or displace an unwanted truth. And the truth in question is that President Joe Biden authorized the destruction of the pipelines,” he added. In February, Hersh published a bombshell report on last September’s Nord Stream 1 and 2 gas pipeline blasts, accusing Washington of orchestrating the attack. The White House denied responsibility. Last week, several Western media outlets claimed the culprits may have been linked to Ukraine. Moscow dismissed the reports as “a coordinated media hoax campaign.”

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“the US has “never been ones to indicate that we are the government of the world or some kind of edict like that.”

• US Must Respond To Nord Stream Accusations – Mexican President (RT)

Mexican President Andres Manuel Lopez Obrador has argued that the US should respond to allegations that it sabotaged the Nord Stream pipelines. The remarks came as the Mexican leader hit out at Washington following criticism of his country. “If we are talking about acts of violence, how is it that an award-winning journalist in the United States claims that the US government sabotaged the gas pipeline from Russia to Europe?” Lopez Obrador asked during a press conference on Tuesday. The Mexican president was referring to claims by Pulitzer Prize-winning journalist Seymour Hersh that the Biden administration blew up the Nord Stream pipelines linking Russia and Germany last year. Lopez Obrador’s remarks came as part of a rebuttal to accusations of “violence” by Mexican authorities, made in an annual human rights report issued by the US State Department this week.

The report alleged “significant human rights issues” in Mexico and cited “credible reports” of unlawful or arbitrary killings by the police, as well as torture and forced disappearances. Lopez Obrador rejected the findings as “lies,” and noted Washington’s own list of alleged wrongdoings. According to the Mexican president, that includes the US extradition demands against WikiLeaks founder Julian Assange, who remains in detention in the UK. In addition, Lopez Obrador pointed to failed American efforts to halt the opioid crisis plaguing the country, which caused over 71,000 deaths in 2022 alone from fentanyl-linked overdoses and drug poisonings. The Mexican leader went on to argue that “lying” and “politicking” is in Washington’s nature, and asserted that the US “do[es] not want to change, so they believe they are the government of the world, and they only see the speck in someone else’s eye and not the beam in their own.”

State Department deputy spokesperson Vedant Patel responded to Lopez Obrador’s remarks by insisting that the US has “never been ones to indicate that we are the government of the world or some kind of edict like that.” Patel suggested that the Mexican police, military, and other government structures were responsible for serious acts of corruption and unlawful killings, which is why these issues were highlighted in the State Department report. Lopez Obrador, however, has repeatedly insisted that there is an “anti-Mexico” conservative element within the US government that is trying to inflame tensions between the two countries. “Mexico is safer than the United States,” Lopez Obrador insisted earlier this month.

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“..Moody’s downgraded its outlook for the US banking system from ‘stable’ to ‘negative,’ citing the “rapidly deteriorating operating environment.”

• Elon Musk Urges US To Guarantee All Bank Deposits (RT)

Elon Musk has proposed a solution to the current banking crisis in the US. The government must do away with the current $250,000 insurance cap on all deposits to stop panicking clients from withdrawing their money, the Tesla CEO wrote in a Twitter post on Tuesday. His comments come in response to a media report that US officials are studying ways to temporarily insure deposits beyond the current limit, without having to get approval from Congress. “Absolutely required to stop bank runs,” Musk wrote. The banking crisis began in the US earlier this month with the sudden collapse of Silicon Valley Bank (SVB), a major US lender focused on the tech and startup sectors. Over 92% of deposits in the bank were uninsured and the lender was shut down by regulators after massive deposit outflows.

SVB’s failure caused the closure of another lender, Signature Bank. Panicked customers have withdrawn tens of billions of dollars in cash from the smaller banks and placed them with bigger lenders. The billionaire entrepreneur and head of Tesla, Twitter and SpaceX, first proposed the idea last week. “FDIC needs to change to unlimited coverage to stop bank runs… Right now,” he wrote on March 18. The government has guaranteed all deposits of SVB and Signature Bank customers. However, according to a recent study, nearly 200 American banks are facing similar risks. SVB, like many other banks, had invested billions in US government bonds when interest rates were at near-zero and suffered losses when the Federal Reserve hiked them in a bid to curb inflation.

The failures of SVB and Signature Bank sent ripples across the entire US banking industry. Many other financial institutions have seen their stocks plunge, with the six largest Wall Street banks losing around $165 billion in market capitalization, or some 13% of their combined value. Last week, credit ratings agency Moody’s downgraded its outlook for the US banking system from ‘stable’ to ‘negative,’ citing the “rapidly deteriorating operating environment.”

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“..Ye offered Hunter $1 million to be his “private counsel” and flew to China, leaving his wife, daughter, son, mother, and nanny in his $50 million penthouse at 15 Central Park West. He was detained in Shanghai three months later and disappeared.”

• Hunter Biden Used FBI Mole Named ‘One-eye’ To Tip Him Off To China Probes (NYP)

Hunter Biden had an FBI mole named “One-Eye” who tipped off his Chinese business partners that they were under investigation, according to an Israeli energy expert arrested in Cyprus last month on gunrunning charges. The House Oversight Committee is investigating the explosive claims by Dr. Gal Luft, a former Israel Defense Forces lieutenant colonel with deep intelligence ties in Washington and Beijing, who says he was arrested to stop him from revealing what he knows about the Biden family and FBI corruption — details he told the Department of Justice in 2019, which he says it ignored. Luft, 56, first made the claims on Feb. 18 on Twitter, after being detained at a Cyprus airport as he prepared to board a plane to Israel.

“I’ve been arrested in Cyprus on a politically motivated extradition request by the U.S. The U.S., claiming I’m an arms dealer. It would be funny if it weren’t tragic. I’ve never been an arms dealer. “DOJ is trying to bury me to protect Joe, Jim, and Hunter Biden. “Shall I name names?” Luft remains in jail awaiting extradition to the US over what he says are trumped-up charges of arms trafficking to China and Libya, and violations of the Foreign Agents Registration Act. Through his American lawyer, Robert Henoch, Luft said he tried four years ago to inform the DOJ that Chinese state-controlled energy company CEFC had paid $100,000 a month to President Biden’s son Hunter and $65,000 to Joe’s brother Jim, in exchange for their FBI connections and use of the Biden name to promote China’s Belt and Road Initiative around the world.

Luft learned about the scheme through his own relationship with Hunter’s Chinese business partners, Patrick Ho and Ye Jianming, the chairman of CEFC. From 2015 to 2018, Luft organized international energy conferences in partnership with Ho’s think tank, the nonprofit China Energy Fund Committee (CEFC-USA), a front organization for Ye’s CEFC. Ye confided to Luft that Hunter had an informant in the FBI “or formerly of the bureau, extremely well placed, who they paid lots of money to [provide] sealed law enforcement information,” says Henoch. The FBI mole was called “One-Eye.” “One-Eye” told Ye that the Southern District of New York was investigating him and/or Ho in late 2017, and that “an Asian, an African, and a Jewish guy” were named on a sealed indictment, says Henoch. Soon after that tipoff, Ye offered Hunter $1 million to be his “private counsel” and flew to China, leaving his wife, daughter, son, mother, and nanny in his $50 million penthouse at 15 Central Park West. He was detained in Shanghai three months later and disappeared.

Read more …

 

 

 

 

Kubrick

 

 


The giant Pacific octopus is the largest octopus in the world: the largest individual on record weighed an impressive 270 kg and measured 9 m across in length. Along with 8 arms, an octopus also has 3 hearts and 9 brains

 

 

Dead leaf

 

 


Every row, left to right:
Eastern box turtle
Pancake tortoise
Bell’s hingeback tortoise
Radiated tortoise
Florida box turtle
Burmese star tortoise
Spotted turtle
Bourret’s box turtle
European pond turtle

 

 

Owls

 

 


Jonathan is 189 years old

 

 


Jacanas are colorful water birds with long legs and incredibly long toes/claws. The super-long toes spread the bird’s weight over a large area. This allows them to walk across floating vegetation, especially lily pads. This is a baby Jacana

 

 

 

 

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

 

 

 

 

 

Debt Rattle March 22 2023

Mar 222023
 
 March 22, 2023  Posted by at 8:50 am Finance Tagged with: , , , , , , ,  52 Responses »


Rene Magritte Memory 1948

 

• Ukraine Planning Major Attack On New Russian Territories – Bild (RT)
• Republicans Demand Cluster Munitions For Ukraine (RT)
• Putin Warns UK Against Plan To Supply Depleted Uranium To Ukraine (RT)
• Russia Urges OPCW To Heed Info On Chemical Weapons At Kramatorsk – Envoy (TASS)
• Ukraine Afraid To Criticize China – Politico (RT)
• United States Trying To Paint Russia As An Enemy – Patrushev (TASS)
• Direct Conflict Between NATO, Russia To Lead To World War – Hungary FM (TASS)
• Hungary Blocks Joint EU Statement On Putin’s ICC Arrest Warrant (RT)
• Hungary Gives Ukraine EU, NATO Membership Ultimatum (RT)
• US/Russia/China Standoff Big Opportunity For Second-tier Powers (Bordachev)
• US Does Not Let Ukraine Even Consider Negotiating – Moscow (RT)
• Russia Ready To Switch To Yuan In Foreign Trade – Putin (RT)
• Switzerland Risks Becoming ‘Financial Banana Republic’ – Industry Expert (RT)
• Indonesia To Ditch Visa And Mastercard (RT)
• Alvin Bragg Prepares the Ultimate Frankenstein Indictment (Turley)
• Alvin Bragg Caught Hiding Nearly 600 Pages Of Exculpatory Evidence (GP)
• Trump to Be Indicted Wednesday, Arraignment Next Week (GP)

 

 

 

 

Nap McGovern

 

 

 

 

Kirby
https://twitter.com/i/status/1638236804905070602

 

 

 

 

Debt

 

 

Djokovic

 

 

 

 

 

 

“..Kiev’s backers are reportedly providing it with intelligence data as well as training, logistical support and weapons..”

• Ukraine Planning Major Attack On New Russian Territories – Bild (RT)

Russia and Ukraine and are approaching a decisive period in their conflict, with Kiev aiming to sever the Russian land bridge to Crimea this spring, Germany’s Bild newspaper has reported. The tabloid cited an anonymous NATO source who claimed the bloc is providing Ukraine with everything it needs to retake its former territories. In a report on Tuesday, Bild quoted a “leading” NATO official as stating that the alliance’s analysts expect the conflict to reach a climax in the spring and summer. The official expressed confidence that heavy weaponry being delivered to Ukraine will be brought to bear in several counteroffensives as early as May. “The coming six months will be a key period in the war not only for Ukraine, but also for the allies,” the unnamed source predicted.

While refusing to go into detail regarding planned operations, the official asserted that Ukrainian forces will focus their efforts on the regions of Zaporozhye and Lugansk. The main objective of the offensives will be to “sever the land bridge to Crimea,” the NATO source added. The official claimed that Ukraine is likely to mount counteroffensives in other regions as well, which will either be genuine or merely serve as distractions to preoccupy the Russian military. According to the Bild report, NATO is not ruling out a scenario in which Ukraine would attempt to retake Crimea, which joined Russia in 2014 following a referendum. “Kiev has the right to recapture all Ukrainian territory,” the official insisted.

In an effort to ensure the new offensives are successful, Kiev’s backers are reportedly providing it with intelligence data as well as training, logistical support and weapons. Speaking to the Polish newspaper Rzeczpospolita on Monday, Czech President Petr Pavel said that the “window of opportunity” for Ukraine would only be open until the end of this year. The former general, who served as chair of the NATO Military Committee until 2018, argued that with elections approaching in the US in 2024, Washington is likely to reduce defense aid to Ukraine. Pavel said he expected European nations to follow suit. “Ukraine will only have one attempt to launch a major counteroffensive,” the Czech president claimed, adding that should this effort fail, “it will be extremely difficult to obtain funds for the next one.”

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Cluster munitions and depleted uranium. What is wrong with us?

• Republicans Demand Cluster Munitions For Ukraine (RT)

Four Republican congressmen have entreated US President Joe Biden to send cluster munitions, a controversial weapon banned in 110 countries, to Ukraine, dismissing concerns about escalating the conflict as misplaced in a letter to the White House on Tuesday. The Biden administration shouldn’t hesitate to send cluster munitions – specifically dual purpose improved conventional munitions (DPICM) – because of “vague concerns about the reaction of allies and partners and unfounded fears of ‘escalation’,” Sen. James Risch (R-Idaho), Sen. Roger Wicker (R-Mississippi), Rep. Michael McCaul (R-Texas), and Rep. Mike Rogers (R-Alabama) wrote in their letter. After all, they said, other countries have already sent such weapons without triggering Russian retaliation.

Acknowledging the weapons’ horrific effects, the signatories argued that while Ukrainian leaders are “aware of the risks to non-combatants,” the “existential threat posed by Russia’s invasion and daily acts of barbarity” is more important. Additionally, they claimed, “d,” US DPICM are equipped with “technologically advanced measures” that limit collateral damage. A 2008 UN treaty banned cluster munitions in 110 countries, including three-quarters of NATO member nations. It has been signed by another 13 countries, though neither Russia, Ukraine, nor the US are on that list. Ukraine is the only country where the deadly devices are currently in use, and both sides have been accused of deploying them in the conflict.

Aside from one attack in Yemen in 2009, the US has not used cluster munitions since it invaded Iraq in 2003 and has not produced any since 2016. Central Command has admitted the hundreds of smaller bombs they contain are often left unexploded across the strike area, posing risks similar to landmines to anyone – especially children – who encounter the odd-looking little “petal mines.” While the White House initially balked at Kiev’s request for DPICMs in December, it stopped short of a hard “no,” and the issue is reportedly still under consideration if the US runs out of available ammunition to ship overseas.

In April, 27 members of Congress denounced Russia’s alleged use of cluster munitions, calling them “barbaric and indiscriminate weapons” and urging Biden to join the UN convention. The current policy, they said, was “wholly unacceptable given what we know about the immediate and long-term damage done to societies on which they are deployed.” While the Republican Party’s 2022 campaign platform stressed curtailing the Biden administration’s blank check to Kiev, the Pentagon announced another $350 million in weapons just this week, to be drawn from the US’ own stockpiles.

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Opening the door to radioactive material.

• Putin Warns UK Against Plan To Supply Depleted Uranium To Ukraine (RT)

Russian President Vladimir Putin has warned London against the planned delivery of depleted uranium (DU) armor-piercing tank rounds to Ukraine, saying the weapons will be treated by Moscow as containing “nuclear components.” Putin commented on British plans to include DU munitions in a forthcoming delivery of Challenger 2 main battle tanks as he spoke alongside Chinese President Xi Jinping following talks in Moscow on Tuesday. “I would like to note that if this happens, then Russia will be forced to react accordingly, bearing in mind that the collective West has already started to use weapons with a nuclear component,” he stated. A similar warning was issued by Russian Defense Minister Sergey Shoigu on the sidelines of the Russia-China talks, who said the move would bring the world yet another step closer to a nuclear disaster.

“Another step has been taken, and there are fewer and fewer left,” Shoigu told reporters. The looming delivery was announced on Monday by Annabel Goldie, the UK minister of state at the Ministry of Defence, as she responded to a written inquiry on the matter. She confirmed the plans to deliver DU rounds to Kiev, lauding them as a highly effective weapon. “Alongside our granting of a squadron of Challenger 2 main battle tanks to Ukraine, we will be providing ammunition including armor-piercing rounds which contain depleted uranium. Such rounds are highly effective in defeating modern tanks and armored vehicles,” Goldie said. The DU munitions have long been the subject of international controversy, with critics of their use highlighting the toxicity and radioactivity of the material. Depleted uranium is used to make the hardened cores of armor-piercing rounds, excelling in this role due its high density. The round’s core evaporates on impact, turning into aerosol and contaminating the environment with uranium.

The UN has already expressed alarm over the UK plans. Farhan Haq, a spokesman for Secretary-General Antonio Guterres, told a media briefing that the international body had long voiced concerns about the consequences of DU use, as well as about those who supply such weaponry. These munitions were actively used by NATO during the First Gulf War, as well as during the bloc’s aggression against former Yugoslavia, both in the form of tank and aircraft artillery shells. The use of the munitions was acknowledged by NATO in a 2000 report, with the US-led bloc revealing that it had used some 10 metric tons of the material in Yugoslavia – and 300 metric tons in Iraq. The report acknowledged that the material poses a threat due to its toxicity in an “aerosol form,” but insisted the DU was not “particularly highly radioactive.”

Putin DU
https://twitter.com/i/status/1638213480787456002

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The OPCW has shown which side it’s on.

• Russia Urges OPCW To Heed Info On Chemical Weapons At Kramatorsk – Envoy (TASS)

Russia urged member states of the Organization for the Prohibition of Chemical Weapons (OPCW) to pay serious attention to the information on Ukrainian Neo-Nazis plotting a provocation with chemical weapons in Kramatorsk, Russia’s Permanent Representative at the OPCW and Ambassador to the Netherlands Alexander Shulgin told an online briefing on Tuesday. “Much attention [at the OPCW Executive Council’s session] was paid to the issue of the threat of a chemical provocation in Ukraine. We fully used the materials of the briefing by Chief of the [Russian] Radiation, Chemical and Biological Protection Troops Igor Kirillov and reported about Ukrainian nationalists’ preparations for chemical provocations at the factory in the area of the city of Kramatorsk on Ukrainian territory,” the envoy said.


The report pointed to “hazardous chemicals and actually the US Army’s service weapons BZ of psychotropic effect,” Shulgin said. “We called on the member states to pay serious attention to this information and make relevant conclusions,” he said. The Americans together with their allies denied all these facts and “tried to present the situation in a way that allegedly Russia was on the point of using chemical weapons,” the envoy pointed out. The Russian side responded by rejecting all these accusations, he said. “We cited facts to show that the Americans can hardly teach us how to treat the chemical convention. We gave a long list of wrongdoings by the Americans who themselves breach the chemical convention,” Shulgin stressed, recalling that the United States had “secretly destroyed chemical munitions from the arsenals of Saddam Hussein in Iraq” and citing other facts.

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“Beijing criticized Russia for sending troops into Ukraine, but also blamed the US and NATO’s expansion in Europe for triggering the crisis.”

• Ukraine Afraid To Criticize China – Politico (RT)

Ukraine has refrained from criticizing China over its close ties with Russia in the hope of attracting future investment from Beijing, Politico has claimed. This stance comes in stark contrast to the angry tirades that Kiev has directed at the likes of Hungary and Germany for their perceived lack of anti-Russian zeal, according to the media outlet. In an article on Tuesday, Politico reported that besides the desire for Chinese investment, Ukrainian President Vladimir Zelensky is seeking to maintain lucrative trade relations with the Asian economic powerhouse, and is eyeing Beijing as a potential mediator in the conflict with Russia.

The media outlet quoted Aleksandr Merezhko, the head of the Ukrainian parliament’s foreign policy committee, as explaining: “There is fear that if we start criticizing China more harshly, Beijing will use it as an excuse to strengthen its aid to Russia, and even start providing military aid.” Beijing has consistently rejected claims that it intends to offer lethal aid to Moscow, and has accused Washington of “spreading false information” by alleging that China is weighing up weapons deliveries. Last month, China put forward its own peace proposal on the first anniversary of the conflict in Ukraine. Politico noted that Zelensky reacted to Beijing’s 12-point plan by saying that his country “can work on it with China.”

This response was in marked contrast to the way Ukraine’s Western backers dismissed the proposal out of hand, according to the media outlet. Merezhko argued that Zelensky’s current strategy toward Beijing is prudent, though he holds out “little hope of real help from China.” At present, relations between Kiev and Beijing have reached crisis point, the official told Politico. Merezhko cited China’s consistent refusal to distance itself from Russia, as well as the fact that Ukraine “has clearly chosen the path of Euro-Atlantic integration.” This effectively pits Kiev against Beijing, Merezhko argued.[..] Beijing criticized Russia for sending troops into Ukraine, but also blamed the US and NATO’s expansion in Europe for triggering the crisis.

Xi 100 years
https://twitter.com/i/status/1638254349817114662

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Trying?!

• United States Trying To Paint Russia As An Enemy – Patrushev (TASS)

The United States and its minions are trying to turn the world against Russia by sowing hatred against the country and attempting to discredit it, Russian Security Council Secretary Nikolay Patrushev said on Tuesday. Patrushev noted that an independent Russia, which defends the interests of a multipolar and just world, “does not suit the United States, which hides behind its own made-up theory of American exceptionalism, as it has gotten used to toying with the norms of international law, dictating to and imposing its own values and terms on the rest of the world, to have vassals instead of partners.” “That is why, by painting Russia as the enemy, the United States and its minions are sowing hatred towards our country and its people, are trying to discredit the Russian world and force the international community into a confrontation with our country,” he added.

“Toward that end, all manner of dirty, vile methods for conducting information warfare are being utilized: bald-faced lies, baseless and unsubstantiated accusations, and staged incidents, such as, for example, those in Bucha, Mariupol and Kramatorsk. Moscow was even initially accused of blowing up the Nord Stream pipelines,” he said. “All of this is directed at forcing neoliberal values on us in place of traditional Russian spiritual and moral values that have stood the test of time over many centuries, to deprive our people of pride in their own country and its centuries-long history, as well as to undermine the social cohesion that was a crucial element in defeating fascism in 1945,” Patrushev continued.

He pointed out that those now proclaimed as the winners of World War II were the same countries that waited to open a second front until June 1944, when the Red Army was already “within a stone’s throw from Berlin.” Ukraine and a number of other European countries are tearing down monuments and memorials to heroes of the Great Patriotic War, while at the same time glorifying Nazi collaborators, Patrushev continued. “By encouraging neo-fascism, the collective West is seeking to consign all of the terror and misery wrought by the Nazi ideology to oblivion. Tomorrow will mark 80 years since the tragedy in Khatyn, where fascists burned all the residents of that village alive, including 75 children. We will never forget this,” Patrushev concluded.

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“Hungary refused to participate in the joint funding of ammunition supplies to the Ukrainian army.”

• Direct Conflict Between NATO, Russia To Lead To World War – Hungary FM (TASS)

Hungarian Foreign Minister Peter Szijjarto has warned NATO countries against engaging in a direct conflict with Russia following a meeting with the bloc’s Secretary General Jens Stoltenberg in Brussels on Tuesday. “According to the current arrangement, NATO is not engaged in the war in our vicinity. This is how it is now. A direct conflict between NATO and Russia would lead to another world war,” Szijjarto wrote on Facebook (banned in Russia as it is owned by Meta Corporation designated as extremist by the Russian authorities). Hungary’s government said after the start of the conflict in Ukraine that it would not send weapons to Kiev, and also called for resolving the issue solely by peaceful means. On Monday, Szijjarto reiterated this position at an EU foreign ministers’ meeting in Brussels. He added that Hungary refused to participate in the joint funding of ammunition supplies to the Ukrainian army.

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“Budapest’s position is likely to come up when EU leaders meet for a summit in Brussels this week..”

• Hungary Blocks Joint EU Statement On Putin’s ICC Arrest Warrant (RT)

Hungary has blocked European Union member states from issuing a joint statement about an international arrest warrant against Russian President Vladimir Putin, according to people familiar with the matter, Report informs referring to Bloomberg. Budapest’s veto meant that the EU’s chief diplomat, Josep Borrell, instead released a statement in his own name “taking note” of the decision by the International Criminal Court. “The EU sees the decision by the ICC as a beginning of the process of accountability and holding Russian leaders to account for the crimes and atrocities they are ordering, enabling or committing in Ukraine,” Borrell said in the statement published on Sunday evening. EU justice ministers issued their own statement supporting the ICC decision on March 20, which Hungary did not sign.


The ICC issued arrest warrants for Putin and his commissioner for children’s rights, Maria Lvova-Belova, for alleged war crimes relating to the abduction of children from Ukraine. Officials in Kyiv are investigating more than 16,000 suspected cases of forced deportation of minors, President Volodymyr Zelenskiy said last week, and so far only around 300 have been brought home. The warrants are mostly symbolic for now, and Moscow has dismissed the move. Budapest’s position is likely to come up when EU leaders meet for a summit in Brussels this week. Draft conclusions seen by Bloomberg currently state that the leaders’ council “takes note of the arrest warrants recently issued by the ICC, against Russia’s president and his commissioner for children’s rights, for the war crime of unlawful deportation and transfer of Ukrainian children from occupied areas of Ukraine to Russia.” That’s similar to the wording Borrell used.

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150,000 ethnic Hungarians live in modern Ukraine’s Transcarpathian Region..

• Hungary Gives Ukraine EU, NATO Membership Ultimatum (RT)

Ukraine will not be allowed to join the EU or NATO until it restores the rights of ethnic Hungarians living in its Transcarpathian Region, Hungary’s Foreign Minister Peter Szijjarto said on Tuesday. Speaking at a press conference in Brussels, Szijjarto added that the US-led military bloc was violating its own rules by pushing ahead with a set of meetings involving the Kiev government despite Budapest’s objections. “I would like to say that we will not support any significant integration movement of Ukraine towards the EU or NATO until the rights of the Hungarian ethnic community that it had prior to 2015 are restored in Ukraine,” the foreign minister told reporters.

Around 150,000 ethnic Hungarians live in modern Ukraine’s Transcarpathian Region, just across the border from Hungary. Budapest will not give up on them “under any circumstances,”despite pressure from both sides of the Atlantic to do so, Szijjarto added. He also objected to the convening of the NATO-Ukraine Committee on ministerial level despite Budapest’s objections. “This decision violates NATO’s unity and procedures for the unity of will,”Hungarian government spokesman Zoltan Kovacs said on Tuesday, referring to the bloc’s consensus requirement.

Szijjarto has voiced his objections to NATO Secretary General Jens Stoltenberg, but agreed to attend the April 4 meeting for the “opportunity to discuss minority protections.” Hungary became a member of NATO in 1999 and joined the EU in 2004. In recent months, Brussels has withheld funding from Budapest in an attempt to compel the government of Prime Minister Viktor Orban to implement a set of policies championed by the bloc, which he has rejected as harmful. Hungary has consistently argued for a negotiated end to the hostilities in Ukraine. Budapest continues to prohibit any transit of weapons or ammunition through Hungarian territory, and has not agreed to supply Kiev with arms or ammunition.

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“..the West believes that, if it succeeds against its main adversaries, Russia and China, it can easily regain control over everyone else..”

• US/Russia/China Standoff Big Opportunity For Second-tier Powers (Bordachev)

We are currently dealing with a confrontation in which the opposing sides are comparable military powers – Russia and the United States, although the latter is acting through intermediaries. Russia is also a major player in the global markets for energy, food and a range of other commodities for which demand is stable. Standing behind Russia is China, which, like Moscow, is a permanent member of the UN Security Council and wields considerable influence in the world. In other words, we have a unique example of a struggle in which the forces of the adversaries are roughly comparable, although the superiority of the West, in many areas, is considerable. And we do not know how the countries of the world majority would behave if the US and Europe launched an offensive against a weaker opponent – Iran or another country of comparable size, for example.

It is therefore impossible to speculate on the extent to which the assertiveness of those countries which ignore US orders now would have manifested itself in a different situation. This could be important in the future, as new conflicts involving a major nuclear power cannot be ruled out. In general, it is difficult to determine how much of the behavior of most countries is restrained by their own capabilities. It is generally accepted that this has become the main determinant of the actions of a wide range of states, from the wealthy monarchies of the Gulf to those of Southeast Asia. But there is no denying that their degree of dependence on the infrastructure of the outgoing liberal world order, led by the United States, remains very high.

Undoubtedly, the dramatic events of 2022 have set in motion the aspirations of many medium and small powers to gain practical tools for their autonomy. But they still have a long way to go. Perhaps this is why the West believes that, if it succeeds against its main adversaries, Russia and China, it can easily regain control over everyone else. And until the comparative individual capabilities of small and medium-sized states become serious enough to allow them to be truly self-reliant, Western self-confidence will continue to push the US and Western Europe into confrontational behavior. At the moment, the majority of the world’s countries are seeking short-term gains from the general turmoil caused by the struggle between the great powers. But the extent to which such tactical gains can form the basis of a long-term strategy is unknown.

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“We’re always for peace and dialogue, and we firmly stand on the right side of history,” Xi stated.”

• US Does Not Let Ukraine Even Consider Negotiating – Moscow (RT)

Ukraine’s Western backers – and the US in particular – are doing their best to prevent Kiev from entering into any negotiations with Moscow, Kremlin spokesman Dmitry Peskov has said. The official made the remarks on the sidelines of the talks between Russian President Vladimir Putin and his Chinese counterpart, Xi Jinping, in Moscow on Tuesday. Peskov was asked to comment on recent statements by senior Western officials, who said any peace initiative for Ukraine, should it arise from the Russia-China talks, would be “unacceptable.” US National Security Council spokesman John Kirby, for example, claimed any ceasefire in the current situation would only “ratify Russia’s conquest to date” rather than contribute to peace.

“Washington, European capitals, but first of all, Washington is filled with the desire not to let, under any pretext, [Kiev] enter into peace negotiations. They simply do not let Kiev even think about it,” Peskov said. Asked whether it was now ‘normal’ to incite war rather than call for peace, the spokesman responded affirmatively. “Now, when the masks are off, everyone shows off their bestial grin. Except for us and China.” During the talks, Russian and Chinese leaders discussed the 12-point roadmap for peace in Ukraine that was recently proposed by China. Putin has lauded the initiative, expressing his readiness to discuss and build upon it, while also reiterating Moscow’s desire to seek a diplomatic solution to the hostilities, which have been dragging on for over a year.

“We believe that many of the provisions of the peace plan put forward by China are consonant with the Russian stance and can be taken as a foundation for a peaceful settlement when they are ready for it in the West and in Kiev. However, so far we have not observed such readiness on their part,” Putin said after the meeting. The Chinese president has insisted that Beijing continues to maintain its position on the conflict and has urged both sides to stick to diplomacy and engage in dialogue. “We’re always for peace and dialogue, and we firmly stand on the right side of history,” Xi stated.

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Reason enough for the US to go to war.

• Russia Ready To Switch To Yuan In Foreign Trade – Putin (RT)

Russia is ready to increase settlements in yuan in its foreign trade, President Vladimir Putin said on Tuesday during talks with his Chinese counterpart Xi Jinping, who is in Moscow on a three-day official visit. “We are for the use of Chinese yuan in settlements between Russia and the countries of Asia, Africa, and Latin America. I am sure that these forms of settlements in yuan will be developed between Russian partners and their counterparts in third countries,” Putin said. Two thirds of current trade between Moscow and Beijing is carried out in national currencies – the yuan and the ruble, the Russian president noted. China’s trade with Russia hit a record high in 2022, growing by nearly a third amid Western sanctions against Moscow. Bilateral trade is on pace to hit over $200 billion this year.


The latest data from the Bank of Russia shows the yuan has become a major player in Russia’s foreign trade, with its share in the country’s import settlements jumping to 23% by the end of last year from only 4% in January 2022. The yuan’s share in export settlements also surged, from 0.5% to 16%. “It is important that national currencies are increasingly used in mutual trade. This practice should be further encouraged, and the mutual presence of financial and banking structures in the markets of our countries should be expanded,” Putin added. Meanwhile, the share of the US dollar and euro in Russia’s export settlements last year dropped substantially, from 65% in January 2022 to 46% in December. In February, the Chinese currency overtook the dollar as the most traded currency on the Russian stock market for the first time ever, according to data from the Moscow Exchange.

Max Keiser

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“..A countrywide reputation with prudent financial management, sound regulatory oversight and, frankly, for being somewhat dour and boring regarding investments, has been wiped away..”

• Switzerland Risks Becoming ‘Financial Banana Republic’ – Industry Expert (RT)

The troubles of once-major Swiss investment bank Credit Suisse is undermining Switzerland’s reputation as a global financial hub, says Opimas CEO Octavio Marenzi, as cited by CNBC on Tuesday. His warning follows a historic takeover of Credit Suisse by the UBS Group, its domestic rival. On Sunday the two banking giants announced a Swiss-government-brokered deal aimed at shoring up public confidence in the Western financial system and at averting a global crisis. UBS agreed to acquire the embattled bank for three billion Swiss francs ($3.2 billion) as part of a cut-price deal. “Switzerland’s standing as a financial center is shattered,” Marenzi reportedly said, adding that “The country will now be viewed as a financial banana republic.” “The Credit Suisse debacle will have serious ramifications for other Swiss financial institutions. A countrywide reputation with prudent financial management, sound regulatory oversight and, frankly, for being somewhat dour and boring regarding investments, has been wiped away,” Marenzi stated.


The landmark merger, which may well turn UBS into the world’s largest wealth manager, with more than $5 trillion in total invested assets, has nevertheless sparked concerns about the health of the acquired assets. Investors have been also raising fears about the write-off of $17 billion worth of Credit Suisse’s AT1 bonds, which was part of the merger deal. The move angered many debt-holders, who have been left empty-handed, and has revealed yet another banking-sector risk. Former European Central Bank vice president Vítor Constâncio has called the write-off decision a “mistake with consequences and potentially a host of court cases.” There are also concerns about the long-term benefits of the merger and the outlook for other banks in Switzerland, which has previously been viewed as a role model of sound banking.

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“..citing sanctions on Russia..”

• Indonesia To Ditch Visa And Mastercard (RT)

The Bank of Indonesia is preparing to phase out Visa and Mastercard while introducing its own domestic payment system, Antara news agency reported on Monday, citing the regulator. Last week, Indonesian President Joko Widodo urged regional authorities to wean themselves away from foreign payment systems and start using cards issued by local banks. He argued that Indonesia needed to shield itself from geopolitical disruptions, citing the sanctions targeting Russia’s financial sector from the US, EU, and their allies over the conflict in Ukraine.“Be very careful. We must remember the sanctions imposed by the US on Russia. Visa and Mastercard could be a problem,” he said. Commenting on the initiative, the central bank’s spokesperson, Erwin Haryono, said that the regulator was in talks with local businesses “and the progress is about 90%,” adding that domestic cards will have many advantages, including lower fees.


Also, according to him, “offshore settlements and dependence on foreign payment networks such as US Visa or Mastercard will no longer be necessary.” Board member of the Indonesian Credit Cards Association (AKKI), Dodit Proboyakti, told RIA Novosti that Indonesia would apply the experience of Russia and its Mir payment system to promote the domestic financial network. Indonesia’s interbank system, GPN, currently supports only local debit cards and requires some adjustments to properly serve credit cards and international transactions, according to AKKI executive director Steve Marta. Moscow rolled out its own national card system, Mir, soon after the US first targeted the country with sanctions in 2014, and created the domestic National Payment Card System (NSPK) to smoothly take over all Visa and Mastercard transactions should the US-based companies pull the plug.

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“Not only did Bragg’s predecessor, Cyrus Vance, not bring this case, but Bragg himself stopped the prosecution..”

• Alvin Bragg Prepares the Ultimate Frankenstein Indictment (Turley)

The scene from the 1931 movie “Frankenstein” came to mind this week as Manhattan District Attorney Alvin Bragg prepared an indictment of former President Donald Trump. It is the ultimate gravedigger charge, where Bragg unearthed a case from 2016 and, through a series of novel steps, is seeking to bring it back to life. Of course, like the good doctor, Bragg shows little concern over what he has created in his Frankenstein indictment. Bragg is combining parts from both state and federal codes.He is reportedly going to convert a misdemeanor for falsifying financial records into a prosecution of a federal crime. The federal crime is reportedly the failure to report a payment of $130,000 to former porn star Stormy Daniels to hush up an affair. That was just before the presidential election and Bragg is alleging that it was an effective campaign donation.

Bragg is attempting something that many lawyers think is as improbable as the reanimation of the dead. The Justice Department itself declined this prosecution and both the former chair of the Federal Election Commission and various election law experts have thrown shade on the theory. Not only did Bragg’s predecessor, Cyrus Vance, not bring this case, but Bragg himself stopped the prosecution. It was after one of Bragg’s lead prosecutors resigned and wrote a book on prosecuting Trump that pressure became too much for the district attorney, who grabbed his shovel and went to work. There are serious challenges to this prosecution, including an argument that time has expired under the statute of limitations.

The limit is two years for a misdemeanor and, even if he can convert this into a felony, it is not clear if he can meet the longer five-year limitation. Bragg will have to convince a court that Trump paid the hush money for the sole purpose of the election. As a married man and television celebrity, Trump had other reasons to try to avoid a scandal. That is precisely why such cases (like one against former Democratic presidential candidate John Edwards) failed in prior prosecutions. However, the greater danger may come if he succeeds in moving this case to trial.

Costello Tucker

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“Wait a minute. You don’t have the hundreds of pages I handed over to Alvin Bragg over here? You only have six cherry-picked documents?”

• Alvin Bragg Caught Hiding Nearly 600 Pages Of Exculpatory Evidence (GP)

Attorney Robert Costello, the former legal adviser to Michael Cohen, spoke to Tucker Carlson on Monday night after he testified to the Manhattan Grand Jury investigating President Donald Trump. Costello told the FOX News audience that he testified for two hours in front of Alvin Bragg’s Manhattan Grand Jury. Robert Costello told Tucker Carlson, “I spoke to the jury for two hours… It was clear to me the Manhattan Grand Jury did not want to get to the truth.” And it now is being reported that New York District Attorney Alvin Bragg was HIDING exculpatory evidence from the Grand Jury! According to FOX News legal mind Gregg Jarrett, Soros-funded DA Alvin Bragg HID nearly 600 pages of exculpatory evidence to the New York Grand Jury investigating President Trump.


Gregg Jarrett: I mentioned it yesterday, I think, when Bob Costello got into that Grand Jury room and told them, “Wait a minute. You don’t have the hundreds of pages I handed over to Alvin Bragg over here? You only have six cherry-picked documents?” You know, hiding from grand juries exculpatory information is reprehensible and unconscionable. And the conduct of Alvin Bragg and his henchman Mark Pomeranz, who specifically says in his book, “We’re targeting zombies because we don’t like his beliefs,” those guys should face disbarment proceedings. Once again the REAL crooks reveal themselves. And Jarrett is right. If there was a real justice system in the country, they should be disbarred. Via Hannity:

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Groundhog Day.

• Trump to Be Indicted Wednesday, Arraignment Next Week (GP)

Former President Donald Trump will be indicted on Wednesday and asked to surrender for arraignment in New York next week, according to a new report. “There will be no arraignment this week,” an unnamed source, said to be familiar with the proceeding, told the Daily Mail on Tuesday. The Mail reports that “the former president, who is currently in Florida, is expected to be formally charged tomorrow, after which the Manhattan District Attorney’s office will reach out to Trump and his Secret Service detail to make arrangements for his surrender.” After being flown to New York, he will be fingerprinted, arrested, and a mug shot will be taken.

Harmeet Dhillon

On Tuesday, Manhattan District Attorney Alvin Bragg’s office responded to a letter sent by House Judiciary Committee Chairman Jim Jordan demanding that he testify before Congress about his “unprecedented abuse of prosecutorial authority.” The prosecutor’s office said that they will not be “intimidated” out of filing charges. “We will not be intimidated by attempts to undermine the justice process, nor will we let baseless accusations deter us from fairly applying the law,” a spokesperson for Bragg’s office told Fox News on Tuesday. “In every prosecution, we follow the law without fear or favor to uncover the truth. Our skilled, honest and dedicated lawyers remain hard at work,” the spokesperson added.


On Monday, Jordan had sent a letter to Bragg’s office saying, “in light of the serious consequences of your actions, we expect that you will testify about what plainly appears to be a politically motivated prosecutorial decision.” “Dear Mr. Bragg,” the letter began. “You are about to engage in an unprecedented abuse of prosecutorial authority: the indictment of a former President of the United States and current declared candidate for that office. This indictment comes after years of your office searching for a basis — any basis — on which to bring charges, ultimately settling on a novel legal theory untested anywhere in the country and one that federal authorities declined to pursue. If these reports are accurate, your actions will erode confidence in the evenhanded application of justice and unalterably interfere in the court of the 2024 presidential election.”

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Redfield

 

 

Kory IVM

 

 

 

 

RFK

 

 

Ibex

 

 

 

 

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Debt Rattle March 21 2023

Mar 212023
 
 March 21, 2023  Posted by at 9:09 am Finance Tagged with: , , , , , , , , , , ,  58 Responses »


Rene Magritte Memory 1948

 

• Even Peace Is Made In China (Juan Cole)
• Xi’s Moscow Visit Is A Key Moment In The Struggle To End US Hegemony (Trenin)
• Xi Says Deepening Ties With Moscow Is Beijing’s Strategic Choice (TASS)
• Putin Tells Xi He’s “Open To Negotiating Process” On Ukraine (ZH)
• The Lord of Chaos (Chris Hedges)
• Orbán: ‘Europe Suffers From War Psychosis’ (RMX)
• US Obsessed With Idea Of Dealing Strategic Blow To Russia – Antonov (TASS)
• Ukraine Will Have Only One Shot At A Counteroffensive – Czech President (RT)
• Russia Wrote Off $20 Billion Of African Nations’ Debts – Putin (TASS)
• African Countries Always Been Equal Allies For Russia – Duma Speaker (TASS)
• Putin Makes Prediction About Africa (RT)
• This Has Got to Stop (Kunstler)
• House GOP Demands Answers From Manhattan DA Over Trump Indictment (ZH)
• NYPD Mobilizes 700 Riot Cops, Steel Barricades For Potential Trump Arrest (TP)
• Ron DeSantis Breaks Silence On Trump’s Possible Arrest (RT)
• The Financial System Is Terminally Broken (Egon von Greyerz)
• US Studies How To Guarantee All $18 Trillion In US Bank Deposits (ZH)

 

 

 

 

Sperm has been almost entirely replaced by spike proteins

 

 

 

 

Our friends are dead

 

 

Today they need tanks

 

 

 

 

Tucker Dowd

 

 

Tucker Biden Inc.

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“Xi Jinping, upon his arrival in Moscow, uttered the most seditious words from the point of view of the West: ‘China is ready to stand together with Russia to guard the world order based on int’l law’ not on the ‘rules’ invented by someone, but on the law!” — Vladimir Kornilov

Xi Jinping: “The international community has recognized that no country is superior to others, no model of governance is universal, and no single country should dictate the international order. The common interest of all humankind is in a world that is united and peaceful, rather than divided and volatile.”

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Galloway

 

 

 

 

Interview with Robert Scheer.

• Even Peace Is Made In China (Juan Cole)

I think the United States still has it in its mind that it’s the world hegemon and that they can do what they want. So if they want to break treaties with Iran and put them under an economic blockade, they can do that with not very much consequence to the United States. But what they don’t realize is that, well, the U.S. has something like a $20 to 23 trillion economy annually, and China now has a $17 trillion economy annually. So the United States is just not the only game in town anymore. And that’s not been the case since the end of World War II, when the U.S. was 50% of the world economy. It’s just becoming smaller, it has a smaller proportion of world wealth and power. And it is also true that the United States, you know, is in the Middle East for particular purposes.

They want to guarantee that the oil comes out of the Persian Gulf. And so it’s very security oriented. And to the extent that they saw Iran as a spoiler, the Islamic revolution of 1979 was explicitly anti-American. It has had potentially bad effects on American investments in the Middle East. American corporations have suffered. So the U.S. sees Iran as a bad actor and wants to contain it, put it in a cage, crash its economy if it can, overthrow its government, if it’s not too much trouble, and China is not behaving that way in the Middle East, the Chinese have, for a long time, had this doctrine of harmonious development, and they just don’t want any trouble as they grow into this enormous behemoth on the world stage. And so they don’t have anything against Iran. It doesn’t say anything to them.

And they also don’t have anything against Saudi Arabia. They do trade with both and that’s their policy to do trade with everybody if they can. And so I think they can just be more evenhanded. The United States has picked winners and losers in the region and people that it wants to punish and people that it wants to help. And, you know, it has this, you mentioned, that it has this rhetoric of spreading freedom and democracy and so forth. But it’s all very hypocritical because Saudi Arabia is one of the pillars of U.S. policy in the Middle East and it’s the least democratic country you could hope to find. And it’s never criticized by the State Department for its human rights abuses in any concerted way or in a very public way, whereas Iran is a very flawed system and very dictatorial.


“We see increasing threats from China, in particular in the Indo-Pacific. We feel like we’re not moving fast enough to build a bigger Navy,” says U.S. Rep. Mike Gallagher.

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Dmitry Trenin is a research professor at the Higher School of Economics and a lead research fellow at the Institute of World Economy and International Relations. He is also a member of the Russian International Affairs Council.

• Xi’s Moscow Visit Is A Key Moment In The Struggle To End US Hegemony (Trenin)

[..] the Chinese and Russian leaders certainly understand that they must wreck Washington’s plan of defeating Moscow first and then turning on Beijing. As a result, American warnings and threats to the Chinese over the assistance they can give to Russia may actually be counter-productive. The leadership will find the tone of these admonitions rude and disrespectful – particularly in conjunction with forthcoming American arms deliveries to Taipei. While China certainly cares about the US and EU markets for its goods and services, but it wonders whether it can really trust Washington and its allies, given Moscow’s experience with the Minsk agreements on Donbass which, as the former German and French leaders have admitted, were nothing but a ploy to buy time.

Thus, much more coordination between Beijing and Moscow can be expected. This does not presage a new military bloc in Eurasia, but instead a greater joint effort to help the world move faster toward multipolarity, which effectively means ending American global hegemony. One way to achieve this would be by reducing role of the US dollar in international transactions. Much of the Sino-Russian bilateral trade is already carried out in the Chinese yuan; but the yuan can also be used in dealing with third countries. Another way to help bring about the new world order is upgrading non-Western institutions, such as BRICS and the Shanghai Cooperation Organization, to set the agenda for the world in areas such as finance and technology, energy and climate, and, not least, international security.

China’s recent rise as a worldwide geopolitical – not just geo-economic – player, exemplified by its recent brokering of the Iranian-Saudi rapprochement, is welcomed in Russia as a practical step toward the new order. Moscow and Beijing can be more successful if they act jointly to reduce the economic and political dependence of many countries in the Middle East, Asia, Africa, and Latin America on the US and its European allies. In the field of military security, there is much that Russia and China can benefit from through closer collaboration – beyond the existing formats. The main goal here is dissuading Washington, by deed not just word, from escalating the proxy war against Russia in Ukraine and from provoking Beijing over Taiwan.

One specific area is in-depth dialogue on nuclear policies and nuclear proliferation under the present conditions of major-power confrontation and actual conflict. Even as they work on transitioning to a multipolar future, Putin and Xi bear a huge responsibility to make sure that this transition happens without a shooting war between the major powers. China and Russia cooperating more closely on security issues would make the transition safer.


10 years ago today, the newly elected Chinese President Xi Jinping came to Moscow with his wife, Peng Liyuan.

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Talked for 4.5 hours. The actual talks start only today.

• Xi Says Deepening Ties With Moscow Is Beijing’s Strategic Choice (TASS)

During a Moscow meeting with Russian President Vladimir Putin, Chinese leader Xi Jinping said that fostering bilateral relations was Beijing’s strategic choice, China’s Foreign Ministry said in a statement published on its website on Tuesday. “To consolidate and develop well China-Russia relations is a strategic choice China has made on the basis of its own fundamental interests and the prevailing trends of the world,” China’s MFA said on its website, underscoring the statements Xi made during the informal meeting.


Xi also noted that China was firm in pursuing its course toward strengthening strategic cooperation with Russia. The two presidents “had an in-depth exchange” of opinions on Ukraine. According to the Chinese leader, most countries support easing tensions, stand for peace talks and oppose “adding fuel to the fire,” the Chinese Foreign Ministry added. Xi assured Putin that “China will continue to play a constructive role in promoting the political settlement of the Ukraine issue,” the Chinese MFA said.

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“we have looked at your proposals for the resolution of the Ukraine conflict” and previewed that “we will discuss this question.”

• Putin Tells Xi He’s “Open To Negotiating Process” On Ukraine (ZH)

What’s being described as an initial, informal meeting between Presidents Xi and Putin is underway at the Kremlin. While the expected cordialities and expressions of closer relations were exchange, among the most notable early statements came from Putin, who said he’s “open” to peace talks with Ukraine and China’s mediation efforts. “We have a lot of joint tasks, goals,” Putin told his Chinese counterpart while also congratulating him on re-election as the head of the Chinese state for a third 5-year term. Xi in return said “Russia succeeded in promoting prosperity under Putin’s leadership.” Putin further expressed that “we will discuss your initiative [on Ukraine] which we view with respect.”

“We are open for a negotiating process on Ukraine,” the Russian leader added. He noted to Xi that “we have looked at your proposals for the resolution of the Ukraine conflict” and previewed that “we will discuss this question.” The day prior in media interviews, White House NSC spokesperson John Kirby declared that any “call for a ceasefire” in Ukraine is “unacceptable.” Likely Moscow will only be satisfied with nothing short of a full Kiev recognition of the Donbass being under Russia; however, this is the very thing Washington will condemn and seek to induce the Zelensky administration to resist.

According to state media commentary (RT), “Moscow has said that it would consider the proposal but has pointed to several factors that stand in the way of a peaceful resolution in Ukraine.” And more of Moscow’s perspective headed into more Xi meetings: “Those include the insistence of Kiev and its Western backers on inflicting a military defeat of Russia, their firm opposition to any sort of ceasefire, as well as a law enacted by Ukrainian President Vladimir Zelensky that forbids holding negotiations with Russia as long as Putin remains in office.”

Putin Xi Ukraine
https://twitter.com/i/status/1637820477736361984

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“We are trying to wish the nightmares we perpetuated in the Middle East away, burying them in a collective amnesia. “World War III Begins With Forgetting,” warns Stephen Wertheim.”

• The Lord of Chaos (Chris Hedges)

The occupation of Iraq, beginning 20 years ago today, turned the Muslim world and the Global South against us. The enduring images we left behind from two decades of war include President Bush standing under a “Mission Accomplished” banner onboard the USS Abraham Lincoln aircraft carrier barely one month after he invaded Iraq, the bodies of Iraqis in Fallujah that were burned with white phosphorus and the photos of torture by U.S. soldiers. The U.S. is desperately attempting to use Ukraine to repair its image. But the rank hypocrisy of calling for “a rules-based international order” to justify the $113 billion in arms and other aid that the U.S. has committed to send to Ukraine, won’t work. It ignores what we did. We might forget, but the victims do not. The only redemptive path is charging Bush, Cheney and the other architects of the wars in the Middle East, including Joe Biden, as war criminals in the International Criminal Court. Haul Russian President Vladimir Putin off to The Hague, but only if Bush is in the cell next to him.

Many of the apologists for the war in Iraq seek to justify their support by arguing that “mistakes” were made, that if, for example, the Iraqi civil service and army were not disbanded after the U.S. invaded, the occupation would have worked. They insist that our intentions were honorable. They ignore the hubris and lies that led to the war, the misguided belief that the U.S. could be the sole major power in a unipolar world. They ignore the massive military expenditures spent annually to achieve this fantasy. They ignore that the war in Iraq was only an episode in this demented quest. A national reckoning with the military fiascos in the Middle East would expose the self-delusion of the ruling class. But this reckoning is not taking place. We are trying to wish the nightmares we perpetuated in the Middle East away, burying them in a collective amnesia. “World War III Begins With Forgetting,” warns Stephen Wertheim.

The celebration of our national “virtue” by pumping weapons into Ukraine, by sustaining at least 750 military bases in more than 70 countries and by expanding our naval presence in the South China Sea, is meant to fuel this dream of global dominance. What the mandarins in Washington fail to grasp is that most of the globe does not believe the lie of American benevolence or support its justifications for U.S. interventions. China and Russia, rather than passively accepting U.S. hegemony, are building up their militaries and strategic alliances. China, last week, brokered an agreement between Iran and Saudi Arabia to re-establish relations after seven years of hostility, something once expected of U.S. diplomats. The rising influence of China creates a self-fulfilling prophecy for those who call for war with Russia and China, one that will have consequences far more catastrophic than those in the Middle East.

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Hungarian FM Szijjártó: “In France, the pension law was amended without a parliamentary vote. In Germany, the electoral law was changed by a simple majority. If anyone criticizes the Hungarian rule of law after this, let us laugh together!”

• Orbán: ‘Europe Suffers From War Psychosis’ (RMX)

The main issue facing Europe today is war, which puts Hungary in a difficult situation, as the effects of war are severe and immediate, Hungarian Prime Minister Viktor Orbán said at a meeting of the Organization of Turkic States summit in Ankara. The prime minister stressed that, unfortunately, Europe was suffering from a “war psychosis,” with the continent drifting further into war day by day. Orbán thanked the leaders of the Turkish states for strengthening the voice of peace. Hungary — on account of its population’s Asian origins — is an honorary member of the Organization of Turkic States. Orbán thanked Turkish President Recep Tayyip Erdogan, who, he said, had so far been able to mediate successfully between the warring parties, and called on him to continue his efforts in the future.

“Only in this way can we have a chance for peace,” Orbán said. He also thanked the Turkish president for the fact that Hungary and Turkey could coordinate their work within NATO. Hungary’s geographical proximity to the war has placed the issue of pursuing peace at the top of the agenda for Hungary, according to Orbán. “Ukraine is a neighboring state, and the effects of the war are therefore severe and direct, with inflation skyrocketing and energy prices at an all-time high,” he said, adding that “many Hungarians have now died in the war because men from the Hungarian community in western Ukraine are also being conscripted into the army.” “For Hungary, the most important thing is to save human lives, and that is why we are advocating a ceasefire as soon as possible and peace negotiations.”

At the same time, the prime minister expressed the view that what is happening in Europe is more than just war, because in fact, “the whole of Europe is being reshuffled in terms of power relations,” and this will also have repercussions for Turkey. He added that Hungary is also seeing another threat: “There are processes going on in the world economy that could lead to a new global balance.” He said that the segmentation of the world economy is against Hungary’s interests, and Hungary sees its future not in segmentation, but in acting in the collective interest and improving interconnectivity. “The Turk states can play a key role in this, because here we are European, Caucasian and Central Asian countries connected to each other on the basis of mutual respect, setting a good example for the whole world,” the prime minister said in his speech.

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“In the end – it’s not up to Washington to decide..”

• US Obsessed With Idea Of Dealing Strategic Blow To Russia – Antonov (TASS)

The United States has been causing the geography of the Ukrainian crisis to expand and it turns a blind eye to the corrupt Kiev regime, Russian Ambassador to the US Anatoly Antonov said on Monday. Commenting on a new $350 million package of US military aid for Ukraine, he said, “Washington is obsessed with the idea of inflicting a strategic defeat on our country. With its steps, the [US] administration is only pushing the Ukrainian radicals toward new terrible deeds,” the embassy quoted Antonov as saying. According to the Russian envoy, “with each delivery of military equipment, the [Ukrainian President Vladimir] Zelensky regime feels more and more impunity. It continues to kill civilians in the Donbass, Zaporozhye and Kherson regions of Russia with pure cynicism,” the head of the Russian diplomatic mission underscored.

“The United States does not think that by such actions they are adding fuel and provoking the expansion of the geography of the Ukrainian crisis. This policy jeopardizes the security of all of Europe, increasing the risk of a direct clash between Russia and NATO,” Antonov warned. Washington “turns a blind eye to the corruption of the Ukrainian elite. We have serious concerns that some of the defense products may end up on the black market,” he added. “Where will weapons pop up? Who will bear responsibility when it falls into the hands of some terrorist groups and criminal organizations?” he asked rhetorically.

Antonov urged the US leadership to stop fueling the conflict in Ukraine. “And even more so – to refrain from public statements about the expediency or inexpediency of entering into negotiations. In the end – it’s not up to Washington to decide,” he concluded. On Monday, US Secretary of State Antony Blinken announced a new military assistance package for Ukraine that, among other weapons, would include ammunition for Bradley Infantry Fighting Vehicles, HARM missiles, anti-tank weapons, and riverine boats. In all, during Joe Biden’s presidency, Washington has given more than $33.2 billion worth of military assistance to Kiev.

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“If it fails, “it will be extremely difficult to obtain funds for the next one.”

• Ukraine Will Have Only One Shot At A Counteroffensive – Czech President (RT)

With the US set to refocus attention on domestic issues next year, Ukraine may not get funding for continued military action, Czech President Petr Pavel has said. The former army officer said Kiev’s armed forces may therefore have just one shot at conducting a major push against Russian troops. “The window of opportunity is open this year. After next winter, it will be extremely difficult to maintain the current level of aid,” Pavel told the Polish newspaper Rzeczpospolita. “Ukraine will only have one attempt to launch a major counter-offensive,” he added as quoted by the outlet on Monday. If it fails, “it will be extremely difficult to obtain funds for the next one.”

Pavel, a retired general who served as chair of the NATO Military Committee until 2018, predicted that US interest in aiding the Ukrainian army would likely dwindle in 2024. The political focus in the country will shift to the presidential campaign, and US-China relations are likely to be the top foreign policy issue. European nations will likely reduce their funding of Ukraine too, the politician predicted. He said it was up to Ukraine to decide what constitutes a victory over Russia, which Pavel assured would happen. But if it fails despite all Western help, there will be a “long war of attrition.” “You cannot pretend that the only possible solution is complete success,” he said.

Pavel’s preferred outcome for the conflict is a weakened Russia that prefers “cooperation, not aggression.” He stated that it would take a change of the “Russian regime from within” before the EU would go back to business as usual with the country. Kiev has declared full control of the territories it claims sovereignty over as the objective of its military campaign. It has refused talks with Moscow as long as President Vladimir Putin remains in office. Washington, for its part, has pledged to support Ukraine “for as long as it takes” to defeat Russia. Russia considers the hostilities in Ukraine to be part of a US-led proxy war, with Ukrainian troops being used as “cannon fodder” by Washington.

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Second Russia-Africa International Parliamentary Conference in Moscow. 45 African nations.

• Russia Wrote Off $20 Billion Of African Nations’ Debts – Putin (TASS)

Russia has written off debts of African nations amounting to more than $20 bln, President Vladimir Putin said on Monday. “Russia wrote off debts of African states in the amount over $20 bln,” the President said. “The mutual trade turnover is growing from year to year, which reached almost $18 bln as of the last year-end,” the Russian leader said. “The more vigorous transition to national currencies in financial settlements and the establishment of new transport and logistics chains will facilitate the development of countertrade turnovers,” Putin added.

Grain deal
https://twitter.com/i/status/1637800706777182208

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“Today the African continent plays an important role in solving global and regional problems. And it will only grow..”

• African Countries Always Been Equal Allies For Russia – Duma Speaker (TASS)

Relations between Russia and African countries have always been built on an unselfish basis and equality, which cannot be said of the United States and Europe, which continue their colonial policy, Russian State Duma Speaker Vyacheslav Volodin said on Monday, speaking at the plenary session of the Second Russia-Africa International Parliamentary Conference. “It is necessary to emphasize: Russia and African countries are equal allies and partners. Our relations have always been built on an unselfish basis, on the principles of mutual respect and non-interference in domestic affairs,” Volodin said, stressing that for Russia “the African continent has never been a subject of mercantile interest, use of labor and raw material resources.” However, according to the speaker, the US and Europe have a different approach.


“Washington and Brussels seek to take control of Russian and African natural resources. In fact, they continue their colonial policy. They go to any measures, including force and terrorist nature, for their own benefit,” the politician pointed out. “It is not for Washington to teach us how to build relationships, be friends and make plans for the future,” Volodin pointed out. The Duma speaker recalled that “despite illegal sanctions from Washington, Russia and African states are developing trade and economic cooperation.” In particular, according to the politician, the trade turnover is growing, which at the end of last year amounted to 17.9 billion dollars. “Today the African continent plays an important role in solving global and regional problems. And it will only grow,” Volodin concluded.

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“..Africa will become one of the leaders in the emerging new multipolar world order – all objective prerequisites for this exist..”

• Putin Makes Prediction About Africa (RT)

Moscow is “determined to continue building a strategic partnership” with African nations, Russian President Vladimir Putin has said, expressing confidence that the continent is set to become one of the leaders of the emerging multipolar world. The president made the remarks at the International Parliamentary Conference ‘Russia – Africa in a Multipolar World,’ which kicked off in Moscow on Monday and brought together representatives of some 40 nations. The conference comes ahead of the second Russia-Africa summit, which is scheduled to take place in St. Petersburg in July. “African nations are continuously increasing their weight and role in international affairs, and are asserting themselves more and more confidently in politics and economy. We are convinced that Africa will become one of the leaders in the emerging new multipolar world order – all objective prerequisites for this exist,” Putin stated.


Russia and African nations stand together against “the neo-colonial ideology” imposed by certain powers in the world, Putin went on. “Many states of Asia, the Middle East, and South America stand on similar positions, and together we make up the world majority,” he added. Moscow is committed to continue building a “strategic partnership” with Africa, while multiple Russian state-owned and private companies are already actively investing into the continent, Putin stressed. “We are ready to jointly shape the global agenda, work together to strengthen fair and equal interstate relations, and improve mechanisms for mutually beneficial economic cooperation,” he said, describing African nations as Russia’s “friends in the full sense of this word.”

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“..the locked-down public’s attention was galvanized by the George Floyd, BLM, and Antifa riots until the 2020 election was upon us..”

• This Has Got to Stop (Kunstler)

The Covid-19 release seems to have been an act motivated by multiple players for their own reasons which, combined, amounted to crimes against humanity. Anthony Fauci, America’s infectious disease czar, apparently sought a crowning career triumph, which would have been a successful vaccine against a dangerous virus. So, he arranged to engineer the organism that he could then triumph against. Like all of Dr. Fauci’s projects over the roughly forty years that he ran the NIAID agency, the mRNA vaccines — subcontracted to the US Military and manufactured by Pfizer and Moderna — turned out to be an epic fiasco. Covid-19 also happened to be a convenient device for ridding the government of the troublesome President Trump, who threatened to disassemble major parts of the permanent US bureaucracy.

If you revisit the many videos of Mr. Trump appearing in the White House Covid crisis room in early 2020 with Dr. Fauci, Dr. Deborah Birx, and other public health officials, I’m sure you will notice his discomfort, as if he suspected he was being played (he was). And conveniently, right after that, the locked-down public’s attention was galvanized by the George Floyd, BLM, and Antifa riots until the 2020 election was upon us. (Another grotesque prank against the people, never adjudicated.) It took more than a year after the “vaccines” came out for the disturbing actuarial data to emerge from the life insurance industry that many non-elderly people were being killed and disabled by the shots’ adverse effects. (I think the censors were caught by surprise that the truth leaked out from there.)

Meanwhile, any able investigator could understand how the half-assed “vaccines,” along with the denigration of off-label early treatment medicines, the reckless use of dangerous remdesivir combined with enormous government payments to hospitals for mis-treating patients with it, the gaming and hiding of CDC statistics, and the obvious censorship of all that information in the corporate news and social media (with help from the CIA and FBI), all added up to a monstrous criminal offense against human decency. The government, now led by the career criminal “Joe Biden,” needed another distraction from intrusive reality in 2022 — including the emergence of the Biden family’s crimes — so it arranged to start a war in Ukraine by threatening to turn that country into a forward NATO base on Russia’s border. Russia was exceptionally clear and straightforward that it wouldn’t accept such an arrangement and the US proceeded anyway. Our country was exceptionally dishonest in its positioning for this conflict. (And our NATO allies were astoundingly credulous going along with it, even after we fatally damaged the EU’s economy.)

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“You are reportedly about to engage in an unprecedented abuse of prosecutorial authority: the indictment of a former President of the United States and current declared candidate for that office..”

• House GOP Demands Answers From Manhattan DA Over Trump Indictment (ZH)

House Republicans on the Weaponization of the Federal Government subcommittee are using their new investigative powers to look into liberal Manhattan District Attorney Alvin Bragg, over the Soros-funded DA’s reported plans to indict former President Donald Trump on felony charges this week related to hush money he allegedly paid to porn star Stormy Daniels seven years ago – a charge which would normally be a misdemeanor. Bragg would also be prosecuting the case beyond the five-year statute of limitations. “You are reportedly about to engage in an unprecedented abuse of prosecutorial authority: the indictment of a former President of the United States and current declared candidate for that office,” reads a Monday letter to Bragg from Reps. Jim Jordan (Judiciary Chairman), James Comer (Oversight Chairman) and Bryan Steil (House Admin Chairman).

“This indictment comes after years of your office searching for a basis – any basis – on which to bring charges, ultimately settling on a novel legal theory untested anywhere in the cuntry and one that federal authorities declined to pursue.” The letter goes on to shred the ‘untested legal theory’ underpinning Bragg’s expected indictment, and calls out former Trump Attorney Michael Cohen, Bragg’s star witness and a convicted perjurer, as having a “serious credibility problem.” The letter demands all documents and communications related to the decision. “This is the type of thing America hates, and it divides America and it is wrong,” McCarthy said this week while conferring with House Republicans in Orlando, Florida. McCarthy has accused Bragg of lowering penalties for criminals in New York while prosecuting his political opponents.

“It’s interesting to me he spent his whole time as a DA lowering felonies, not to prosecute,” said McCarthy. “I think Republicans and Democrats alike hate this type of justice.” “Republicans stopped the radical D.C. crime law, and we will investigate any use of federal funds that are used to facilitate the perversion of justice by Soros-backed DA’s across the country,” he continued.

Tucker Justice

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“Republicans plan to use their new investigative powers in the House majority to ramp up probes into the Biden family and liberal Manhattan District Attorney Alvin Bragg..”

• NYPD Mobilizes 700 Riot Cops, Steel Barricades For Potential Trump Arrest (TP)

The New York Police Department is preparing for civil disorder should the Manhattan District Attorney’s office order the arrest of former President Donald Trump. The NYPD has ordered the mobilization of 700 riot police and has erected steel barricades around the Manhattan Criminal Court in preparation for a potential grand jury indictment. The New York Times fantasized about the “likely indictment” and “unprecedented arrest” of Donald Trump. “He would be fingerprinted. He would be photographed. He could even be handcuffed. And if Donald J. Trump is indicted by a Manhattan grand jury in the days ahead for his role in a hush money payment to a porn star, the former president of the United States of America will be read the standard Miranda warning: He will be told that he has the right to remain silent and the right to an attorney.”

“These are among the routine steps for felony arrests in New York. But the unprecedented arrest of a former commander in chief — one whose devoted supporters once staged a violent attack on the Capitol — will be anything but routine,” the story added. The Times also reported that “more than a dozen senior Police Department officials and two of the mayor’s top public safety aides held a virtual meeting to discuss security, staffing and contingency plans in the event of any protests, one person with knowledge of the meeting said.” The Times drew a parallel between New York City’s security preparations for the potential Trump indictment this week and the Capitol riots on January 6, 2021. “That meeting followed a call from Mr. Trump himself, in a post on his site Truth Social on Saturday morning: ‘PROTEST,’ he exhorted his supporters. ‘TAKE OUR NATION BACK!’

“The former president’s rallying cry, with an indictment looming, conjured up memories of the Jan. 6, 2020, assault on the Capitol,” the Times added. Meanwhile, Speaker of the House Kevin McCarthy (R-CA) is set to use his Congressional authority to investigate Manhattan District Attorney Alvin Bragg for alleged political prosecution of the former president. “Republicans plan to use their new investigative powers in the House majority to ramp up probes into the Biden family and liberal Manhattan District Attorney Alvin Bragg amid reports that Mr. Bragg is on the verge of indicting former President Donald Trump on felony charges,” the Washington Times reported.

“An aide to House Judiciary Committee Chairman Jim Jordan, Ohio Republican, told The Washington Times on Sunday that Mr. Jordan’s panel on the weaponization of the federal government “’is expected to respond’ to Mr. Bragg’s plans to indict Mr. Trump with an investigation and possible hearings,” the report added. House Speaker Kevin McCarthy on Sunday underscored that Manhattan D.A.’s case against Trump will be investigated by the Select Subcommittee on the Weaponization of the Federal Government.

Mark Levin

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“I don’t know what goes into paying hush money to a porn star to secure silence over some type of alleged affair,” the governor said. “I just can’t speak to that.”

• Ron DeSantis Breaks Silence On Trump’s Possible Arrest (RT)

Florida Governor Ron DeSantis has ripped the New York City prosecutor behind a possible criminal indictment against Donald Trump while sideswiping the former president with an apparent dig alluding to the “porn star hush money” at the center of the case. DeSantis, who is currently Trump’s top rival for the Republican Party’s 2024 presidential nomination, had been pressured to comment on the New York case since Trump said over the weekend that he expects to be arrested on Tuesday. He finally weighed in when asked by a reporter on Monday about the possible indictment, arguing that Manhattan District Attorney Alvin Bragg was among the US prosecutors who were using their positions to pursue a leftist political agenda after being elected with campaign funding from billionaire George Soros.

“These Soros district attorneys are a menace to society, and I’m just glad that I’m the only governor in the country who’s actually removed one from office during my tenure,” said DeSantis, referencing his firing in January of a prosecutor in Tampa, Florida. He added that Soros-backed DAs “weaponize their office to impose a political agenda on society at the expense of the rule of law and public safety.” While some prominent Republicans, such as former vice president Mike Pence, rallied to Trump’s side over his looming arrest, DeSantis said he wouldn’t get involved in the case “in any way,” suggesting that he wouldn’t try to help block the Florida resident’s extradition to New York. “I don’t know what goes into paying hush money to a porn star to secure silence over some type of alleged affair,” the governor said. “I just can’t speak to that.”

“But what I can speak to is that if you have a prosecutor who is ignoring crimes happening every single day in his jurisdiction, and he chooses to go back many, many years ago to try to use something about porn star hush-money payments. That’s an example of pursuing a political agenda and weaponizing the office.” Bragg reportedly aims to prosecute Trump over a $130,000 payment that was made to porn star Stormy Daniels to secure her silence during the 2016 presidential campaign. The DA would need to prove that the money was paid for the sole purpose of the campaign, rather than other possible motives, such as avoiding public embarrassment or keeping Trump’s wife from finding out about an affair. DeSantis has declined to push back publicly after being attacked on multiple occasions by Trump, who has nicknamed him “Ron DeSanctimonious.” A Yahoo/YouGov poll conducted last month found that voters favored DeSantis over Trump in a head-to-head race by a margin of 45%-41%.

DeSantis

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“No, the Death of Money means a total and final collapse of this financial system..”

• The Financial System Is Terminally Broken (Egon von Greyerz)

[..] the Swiss banking system is very unsound, just like the rest of the world’s. A central bank which is bigger than the country’s GDP is extremely unsound. And a banking system which is 5x Swiss GDP makes it too big to save. Although the Fed and ECB are much smaller in relation to their countries’ GDP than the SNB, these two central banks will soon discover that their assets of around $8 trillion each are grossly overvalued. With a global banking system on the verge of a systemic failure, Central Bankers and bankers have been working around the clock this weekend to temporarily avoid the inevitable collapse of the bankrupt financial system. As I pointed out above, the main Central Banks would also be bankrupt if they valued their assets honestly. But they have a wonderful source of money that they will tap to save the system.


Yes, I am of course talking about money printing. We will in coming months and years see the most massive avalanche of money printing that has ever hit the world. For anyone who believes that we are just seeing another bank run that will quickly evaporate, they will need to take a shower in ice cold Alpine water. What we are witnessing is not just a temporary drama that will be sorted out by “the all powerful and resourceful” central banks. No, instead what we are seeing is the end phase of this financial era which started with the formation of the Fed in 1913 and in the next few years, or much sooner, will end with the death of money.

But the Death of Money doesn’t just mean that the dollar (and most currencies) will make their final move to ZERO, having already declined 98% since 1971. Currency debasement is not the cause but the effect of the banking Cabal taking control of the money for their own benefit. As Mayer Amschel Rothschild said in the late 1700s: “Let me issue and control a nation’s money and I care not who makes the laws”. Sadly, as this Cassandra (me) has written about since the beginning of the century, the Death of Money is not just all currencies going to ZERO as they have throughout history. No, the Death of Money means a total and final collapse of this financial system.


No depositor must believe that the FDIC (Federal Deposit Insurance Corp) in the US or similar vehicles in other countries will save their deposits. All these organisations are massively undercapitalised and in the end it will be the governments in all countries which step in. We know of course, that the government has no money. They just print whatever they need. That leaves ordinary people taking the final burden of all this money printing. But ordinary people will have no money either. Yes a few rich people will be taxed heavily to cover bank deficits and losses. Still, that will be a drop in the ocean. Instead ordinary people will be impoverished with little income, no government handouts, no pension and money which is worthless.

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“Shares of that one, First Republic Bank, tumbled an additional 47% on Monday..”

• US Studies How To Guarantee All $18 Trillion In US Bank Deposits (ZH)

After repeated laments by the likes of Bill Ackman, who most recently said that “I continue to believe that the best course of action is a temporary @FDICgov deposit guarantee until an updated insurance regime is introduced” (and who just flip-flopped on his “Fed must hike with shock and awe” call from 2022 and is now urging for a Fed hiking pause), and following a Bloomberg weekend report that US mid-sized banks demanded a two-year total deposit insurance scheme from the FDIC, and warned if it doesn’t arrive, there may lots more shotgun weddings (or shotguns), moments ago Bloomberg reported that “US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.” Guess our March 12 tweet was ahead of its time yet again.

The BBG report explains that “Treasury Department staff are reviewing whether federal regulators have enough emergency authority to temporarily insure deposits greater than the current $250,000 cap on most accounts” without formal consent from a deeply divided Congress, and goes on to note that “authorities don’t yet view such a move as necessary, especially after regulators took steps this month to help banks keep up with any demands for withdrawals” which is an important caveat, and is the same one that hawks are using to justify why a Fed pause would be self-defeating (“why is the Fed blowing up their last bit of inflation-fighting credibility; what do they know that we don’t): the same question can be applied to the Treasury: “what does the Treasury know that we don’t.” Most likely nothing – after all bank crises are non-linear, but as Bloomberg notes, “still, they are developing a strategy out of due diligence in case the situation worsens.”

“We will use the tools we have to support community banks,” White House spokesman Michael Kikukawa said, without directly addressing whether the measure is being studied. “Since our administration and the regulators took decisive action last weekend, we have seen deposits stabilize at regional banks throughout the country and, in some cases, outflows have modestly reversed.” Still, the report notes, the behind-the-scenes deliberations show there are concerns in Washington’s corridors of power as midsize banks call for broader government intervention after three lenders collapsed this month when uninsured depositors pulled their money, and as a fourth firm strives to avoid a similar fate. Shares of that one, First Republic Bank, tumbled an additional 47% on Monday as industry leaders tried to find a way to bolster the company’s finances.

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Salp

 

 

 

 

Mountain goat eagle

 

 

Marmot

 

 

 

 

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Xi’s Trip To Moscow Solidifies The Sino-Russo Entente

Mar 202023
 
 March 20, 2023  Posted by at 5:40 pm Finance Tagged with: , , , , , , , ,  5 Responses »


Jacob Lawrence Struggle: From the History of the American People, Panel 10 1954

Andrew Korybko:

The impending trifurcation of International Relations will result in the formation of three de facto New Cold War blocs: The US-led West’s Golden Billion, the Sino-Russo Entente, and the informally Indian–led Global South. Intrepid readers can review the preceding hyperlinked analysis to learn more about the grand strategic dynamics behind this latest phase of the global systemic transition, while the present one will elaborate on those connected to the Russian-Chinese Strategic Partnership in particular.

These two Eurasian Great Powers had already closely aligned their foreign and economic policies far before Russia was forced to commence its special operation in Ukraine last year after NATO clandestinely crossed its red lines there and refused to diplomatically resolve their security dilemma. This was due to their shared multipolar vision, which in turn resulted in Moscow synchronizing its Greater Eurasian Partnership (GEP) with Beijing’s Belt & Road Initiative (BRI).

The purpose behind doing so was to supercharge multipolar processes across the supercontinent with a view towards making International Relations more democratic, equal, just, and predictable a lot sooner than even the most optimistic observers could have expected. None of this was driven by anti-Western animosity either since both of them envisaged the EU and US playing pragmatic roles in this emerging world order, which is proven by their proactive engagement of each over the years.

Russia expected that it could diplomatically resolve its security dilemma with the US over NATO’s expansion simultaneously with encouraging it and the EU to get Kiev to implement the Minsk Accords, thus ending the then-Ukrainian Civil War and optimizing trans-Eurasian trade. Meanwhile, many EU countries joined BRI and China even clinched an investment pact with the bloc, all while seeking to diplomatically resolve its own security dilemma with the US and work out a new trade deal with it.

Had the US formulated its grand strategy with mutually beneficial economically driven outcomes in mind instead of remaining under the influence of Brzezinski’s zero-sum divide-and-rule teachings, then everything could have been much different. That declining unipolar hegemon could have responsibly carved out a comfortable niche in the new era of globalization that Russia and China were jointly seeking to pioneer, thus ensuring that the global systemic transition smoothly moved towards multipolarity.

Regrettably, liberal–globalist members of the US’ military, intelligence, and diplomatic bureaucracies (“deep state”) continued to believe that Brzezinski’s geostrategic schemes could successfully reverse the aforesaid transition and thus indefinitely retain their country’s dominant position in International Relations. This explains why they subsequently sought to “contain” Russia and China at the same time by worsening regional disputes instead of reciprocating those two’s efforts to peacefully resolve them.

The decision was eventually made to prioritize Russia’s “containment” over China’s with the expectation that the first would either strategically capitulate to NATO’s blackmail campaign or quickly collapse due to sanctions if it resorted to military force for defending its red lines in Ukraine, thus making China’s successful “containment” a fait accompli in that scenario and therefore preserving the US’ hegemony. Where everything went wrong was that the West never prepared for a protracted conflict in Ukraine.

Russia proved much more resilient in all respects than the Golden Billion expected, ergo why they’re panicking that the over $100 billion that they’ve already given to their proxies in Kiev isn’t anywhere near enough for defeating that Eurasian Great Power. The New York Times admitted last month that the sanctions failed just like their “isolation” campaign did, while the NATO chief recently declared a “race of logistics” and the Washington Post finally told the truth about just how poorly Kiev’s forces are faring.

Amidst the past year of international proxy hostilities that the West itself provoked, the globalized system upon which China’s grand strategy depended was unprecedentedly destabilized by their unilateral sanctions regime that’s responsible for the food and fuel crises across the Global South. This influenced President Xi to seriously consider a “New Détente” with the US, which he initiated during last November’s G20 Summit in Bali after he met with Biden and a bunch of other Western leaders.

To be absolutely clear, this well-intended effort wasn’t meant to reverse any of the multipolar progress that China was responsible for over the past decade but purely to pursue a series of mutual compromises aimed at establishing a “new normal” in their ties so as to restore stability to globalization. In other words, it was about buying time for the world’s top two economies to recalibrate their grand strategies, ideally in the direction of working more closely together for everyone’s sake.

Their talks unexpectedly ended in early February, however, after the black swan event that’s known as the balloon incident. This saw anti-Chinese hardliners in the US suddenly ascend to policymaking prominence, thus dooming the “New Détente”, which resulted in China recalibrating its approach to the NATO-Russian proxy war to the point where President Xi, Foreign Minister Qin, and Ambassador to the EU Fu all concluded that it’s part of the US’ anti-Chinese “containment” strategy.

Under these newfound circumstances, the US consolidated its successfully reasserted hegemony over the EU by getting Germany to go along with Washington’s very strongly implied threats that the Golden Billion will sanction China if it decides to arm Russia should Moscow require such aid as a last resort. In response, China felt compelled to consolidate its strategic partnership with Russia to the point of turning it into an entente, hence the purpose of President Xi’s trip to work out the finer details of this.

Just like these two Great Powers earlier synchronized Russia’s GEP and China’s BRI, so too are they now poised to synchronize the first’s Global Revolutionary Manifesto with the second’s global initiatives on development, security, and civilization. This prediction is predicated on the articles that Presidents Putin and Xi published in one another’s national media on the eve of the latter’s trip to Moscow, which confirms that they intend to cooperate more closely than ever before.

Observers can therefore expect the Sino-Russo Entente to solidify into one of the world’s three premier poles of influence as a result of the Chinese leader’s visit, thus making it a milestone in the New Cold War over the direction of the global systemic transition. The worldwide struggle between this pole and the Golden Billion will intensify, especially in the Global South, which will reinforce India’s importance in helping fellow developing states balance between both and thus bring about true tripolarity.

 

 

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Debt Rattle March 20 2023

Mar 202023
 
 March 20, 2023  Posted by at 9:30 am Finance Tagged with: , , , , , , , , , , ,  54 Responses »


Hieronymus Bosch The Garden of Earthly Delights, centre panel, detail c1500

 

• UBS To Buy CS For $3 Billion As AT1 Bonds Get Wiped Out In Record Bail-In (ZH)
• Xi Jinping Sees Shift To Multipolar World As ‘Irreversible’ (RT)
• Russian-Chinese Relations Remain Strong As Tested By Time – Xi Jinping (TASS)
• White House Says It Opposes a Ceasefire in Ukraine (Antiwar)
• Ukraine Ceasefire ‘Unacceptable’ – White House (RT)
• EU Explosives Shortage Threatens Ukraine – FT (RT)
• NATO Is Racing To Arm Its Russian Borders. Can It Find The Weapons? (Pol.eu)
• Russia Has Hypersonic Weapons Now, But It Does Not Use Them – Putin (TASS)
• Russian Files On Kiev’s Crimes To Provide Basis For Tribunal – Kremlin (TASS)
• Poland May End Up ‘Joining’ Ukraine Conflict – Diplomat (RT)
• Belarus Cracks Down On Pro-Ukraine Guerrillas As War Threatens To Expand (ZH)
• Iraq 20 Years (Ray McGovern)
• Elon Musk Fact-Checks Biden On Tax Claim (RT)
• Germans Warned Of Energy Crisis Next Winter (RT)
• Imran Khan Hit With Terror Charges (RT)
• Total Weight Of Wild Mammals Less Than 10% Of Humanity’s (G.)

 

 

Xi Jinping arrives in Moscow today, and he means business. The US knows this, and refuses his ceasefire plans. Which he will sign with Putin tomorrow, and send them to Zelensky – after a short phone-call. Washington tells Zelensky not to sign. Not what Xi wants. What does he have planned after that? Will he cut exports to the US?

 

 

 

 

Nap/Macgregor The Russians have destroyed Three Ukrainian Armies

 

 

 

 

I Would Not Mess With Putin – Seymour Hersh + Rickards: Energy Armageddon

 

 

 

 

2017 Poroshenko Trump

 

 

Paris

 

 

Dinesh

 

 

 

 

The panic is tangible. Bypass laws, bypass shareholders… Credit Suisse must be in terrible shape. Will UBS survive being forced to buy them?

Egon von Greyerz: “THE CHF 16B WRITE DOWN BY SWISS REGULATOR #FINMA OF THE #Credit_Suisse AT1 BONDS WILL CREATE PANIC IN EUROPEAN AND GLOBAL DEBT MARKETS. BUY MORE PHYSICAL GOLD AND HANG ON TO YOUR SEATS.”

European bank stocks are plummeting.

• UBS To Buy CS For $3 Billion As AT1 Bonds Get Wiped Out In Record Bail-In (ZH)

We finally have a deal, and what was at first a CHF1 BN acquisition priceof Credit Suisse by UBS, which then rose to CHF 2 BN, has now cranked up one final time to CHF 3BN (US$3.25 billion), or 0.76 per share, specifically shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse. As part of the deal, the Swiss National Bank is offering a 100 billion-franc liquidity assistance to UBS while the government is granting a 9 billion-franc guarantee for potential losses from assets UBS is taking over, i.e., this is a taxpayer-backed bailout. More importantly, however, the bank’s entire AT1 tranche – some CHF16BN of Additioanal Tier 1 (AT1) bonds, a $275BN market – will be bailed in and written down to zero, to wit: “FINMA has determined that Credit Suisse’s Additional Tier 1 Capital (deriving from the issuance of Tier 1 Capital Notes) in the aggregate nominal amount of approximately CHF 16 billion will be written off to zero.”


This wipe out, pardon, bail-in is the biggest loss yet for Europe’s $275 billion AT1 market, far eclipsing the approximately €1.35 billion loss suffered by junior bondholders of Spanish lender Banco Popular SA back in 2017, when it was absorbed by Banco Santander SA to avoid a collapse. AT1 bonds were introduced in Europe after the global financial crisis to serve as shock absorbers when banks start to fail. They are designed to impose permanent losses on bondholders or be converted into equity if a bank’s capital ratios fall below a predetermined level, effectively propping up its balance sheet and allowing it to stay in business. As Bloomberg notes, investors had been concerned that a so-called bail-in would result in the AT1s being written down, while senior debt issued by the holding company, Credit Suisse would be converted into equity for the bank. In retrospect, they were right to be worried… meanwhile equityholders get CHF3 billion; we are confident Swiss pensions will be delighted they are getting a doughnut while the Saudis get a not immaterial recovery.

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“The international community has recognized that no country is superior to others, no model of governance is universal, and no single country should dictate the international order,,”

• Xi Jinping Sees Shift To Multipolar World As ‘Irreversible’ (RT)

Chinese President Xi Jinping has set the tone for his visit this week to Moscow by touting improving relations with Russia in the ten years since he took office and vowing that the transition to a “multipolar world” liberated from US domination won’t be stopped. “The world today is going through profound changes unseen in a century,” Xi wrote in an article published on Sunday by the Rossiyskaya Gazeta. “The historical trend of peace, development and win-win cooperation is unstoppable. The prevailing trends of world multipolarity, economic globalization and greater democracy in international relations are irreversible.”

Xi, who’s scheduled to arrive on Monday for talks with Russian President Vladimir Putin, noted that the world faces “traditional and non-traditional security challenges,” as well as “damaging acts of hegemony, domination and bullying.” He added that countries around the world are “eager to find a cooperative way out of the crisis” as they try to get through a “long and tortuous global economic recovery.” “The international community has recognized that no country is superior to others, no model of governance is universal, and no single country should dictate the international order. The common interest of all humankind is in a world that is united and peaceful, rather than divided and volatile.”

Xi made his comments amid escalating tensions with Washington over the Ukraine crisis and US interference in China’s sovereignty over Taiwan. Beijing has resisted Western pressure to condemn Russia over the Ukraine conflict, maintaining neutrality on the issue and promoting a 12-point peace plan to end the hostilities. Washington has dismissed the peace proposal and accused China of mulling military aid to Russia. “We believe that as long as all parties embrace the vision of common, comprehensive, cooperative and sustainable security, and pursue equal-footed, rational and results-oriented dialogue and consultation, they will find a reasonable way to resolve the crisis, as well as a broad path toward a world of lasting peace and common security,” Xi said. He added that China’s plan takes into account the “legitimate security concerns of all countries.”

China and Russia have cemented mutual trust and fostered a “new model of major-country relations” over the past decade, as evidenced by a doubling of trade between the two nations, reaching $190 billion in 2022, Xi wrote. “We have been active in practicing true multilateralism, promoting the common values of humanity, and championing the building of a new type of international relations and a community with a shared future for mankind.” Xi called for increasing the quality and quantity of investment and economic cooperation between China and Russia, as well as stronger policy coordination. “We have every reason to expect that China and Russia, as fellow travelers on the journey of development and rejuvenation, will make new and greater contributions to human advancement.”

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Loud and clear.

• Russian-Chinese Relations Remain Strong As Tested By Time – Xi Jinping (TASS)

Russian-Chinese relations went through tough periods throughout their history, but they had eventually proved to be strong, Chinese leader Xi Jinping said in an interview with Russia’s Rossiyskaya gazeta daily. “At the invitation of President Vladimir Putin, I will soon pay a state visit to the Russian Federation. Russia was the first country I visited after I was elected President 10 years ago,” Xi Jinping said in the article published ahead of his visit to Russia. “Over the past decade, I have made eight visits to Russia,” he continued. “I came each time with high expectations and returned with fruitful results, opening a new chapter for China-Russia relations together with President Putin.”

“Looking back on the extraordinary journey of China-Russia relations over the past 70 years and more, we feel strongly that our relationship has not reached easily where it is today, and that our friendship is growing steadily and must be cherished by us all,” Xi Jinping said in the article published ahead of his visit to Russia. “China and Russia have found a right path of state-to-state interactions,” Xi stated. “This is essential for the relationship to stand the test of changing international circumstances, a lesson borne out by both history and reality.” “My upcoming visit to Russia will be a journey of friendship, cooperation and peace. I look forward to working with President Putin to jointly adopt a new vision, a new blueprint and new measures for the growth of China-Russia comprehensive strategic partnership of coordination in the years to come,” the Chinese president said.

“To this end, our two sides need to enhance coordination and planning. As we focus on our respective cause of development and rejuvenation, we should get creative in our thinking, create new opportunities and inject new impetus. It is important that we increase mutual trust and bring out the potential of bilateral cooperation to keep China-Russia relations at a high level,” Xi added. Russian President Vladimir Putin and Chinese leader Xi Jinping are scheduled to hold negotiations in Moscow on March 21. Earlier, Moscow and Beijing announced that Xi Jinping would make an official visit to Russia on March 20-22. According to previous reports from the Kremlin, negotiations would feature discussions of “current issues of further development of relations of comprehensive partnership and strategic cooperation between Russia and China.” The sides also planned to exchange opinions within the context of deepening Russian-Chinese cooperation on the international arena. They are also expected to sign a number of important bilateral documents.

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The White House attempts to pre-empt Xi.

“Russia cannot be defeated militarily in a year, and the warrant of the International Criminal Court (ICC) in The Hague on the “arrest” of Russian President Vladimir Putin deprives the West of the opportunity to negotiate with Moscow and will lead to an escalation of the conflict and new victims”
– Serbian President Aleksandar Vucic

• White House Says It Opposes a Ceasefire in Ukraine (Antiwar)

The White House has come out against a ceasefire in Ukraine ahead of Chinese President Xi Jinping’s trip to Moscow to potentially mediate between Russian President Vladimir Putin and his counterpart in Kyiv. Xi is due to arrive in Moscow on Monday and is expected to speak virtually to Ukrainian President Volodymyr Zelensky following his talks with Putin. Xi’s trip comes after Beijing released a 12-point peace plan for Ukraine that called for the two sides to cease hostilities and for peace talks to begin. Zelensky expressed openness to China’s proposal, but it was immediately rejected by President Biden. “We don’t support calls for a ceasefire right now,” White House National Security Council spokesman John Kirby said on Friday, according to Newsweek.

“We certainly don’t support calls for a ceasefire that would be called for by the PRC in a meeting in Moscow that would simply benefit Russia.” Kirby’s comments come as Ukrainian and Russian forces continue to battle in the Donbas city of Bakhmut, which has become known as the “meat grinder” due to the heavy casualties. Ukraine has been pouring in barely-trained conscripts to fight in the city, and the US thinks Kyiv is wasting too many resources in the battle. The US wants Ukraine to launch a counteroffensive in the spring, although a senior Ukrainian official told The Washington Post last week that Kyiv doesn’t have the resources to pull it off. Kirby’s reasoning for opposing a ceasefire at this time is that a pause in fighting could concede territory to Moscow.

Kirby said the ceasefire would, “in effect, recognize Russia’s gains, and its attempt to conquer his neighbor’s territory by force, allowing Russian troops to continue to occupy sovereign Ukrainian territory and, of course, it would be another continued violation of the UN Charter.” The US and its allies discouraged peace talks and mediation efforts that were conducted shortly after Russia’s February 2022 invasion. At that time, Moscow was seeking a deal that would have reverted to the pre-invasion territorial lines. But now, Ukraine stands to lose much more as Russia has annexed the territory it controls in the Ukrainian oblasts of Kherson and Zaporizhzhia and the breakaway Donbas republics of Donetsk and Luhansk.

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Kirby about Xi’s visit: “State visit, if you will..”

• Ukraine Ceasefire ‘Unacceptable’ – White House (RT)

Washington is firmly opposed to a ceasefire between Russia and Ukraine, US National Security Council spokesman John Kirby has said, branding any peace initiatives “unacceptable” in the current situation. The senior White House official made the remarks on Sunday in an interview with Fox News. Kirby touched on the upcoming visit of Chinese President Xi Jinping to Moscow to meet his Russian counterpart, Vladimir Putin, stating that should any peace initiatives come out of their meeting, Washington would reject them. “What we have said before, and we’ll say it again today, that if coming out of this meeting, there’s some sort of call for a ceasefire, well, that’s just going to be unacceptable because all that’s going to do… is ratify Russian’s conquest to date,” Kirby stated.

Moscow and Beijing have been“increasing their cooperation and their relationship” lately, the official said, asserting that the two nations have joined to undermine and “rewrite” the so-called “rules of the game globally.” Russia and China “are two countries that are chafing against this international rules-based order that the United States and so many of our allies and partners have built up, since the end of World War II,” he said. Recently, China floated a 12-point roadmap for putting an end to the conflict between Russia and Ukraine, which has been raging for over a year already. China has taken a neutral stance on the hostilities, repeatedly urging both parties to show restraint and stick to diplomacy in order to find a resolution.

While the Chinese roadmap has been welcomed in Moscow, it has received a cold reception in the West. Multiple top officials have brushed off Beijing’s efforts to act as a mediator, accusing it of siding with Moscow. US President Joe Biden, for instance, openly questioned Beijing’s motives and voiced suspicion over Moscow’s reaction to it. “Putin is applauding it, so how could it be any good?” the US president said shortly after the plan was unveiled.

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“If I want to increase production of gunpowder I need probably three years..”

• EU Explosives Shortage Threatens Ukraine – FT (RT)

The EU defense industry’s ability to provide Ukraine with military supplies has been hampered by a deficit of explosives, The Financial Times reported on Sunday, citing sources. Several European officials and arms manufacturers told the outlet that the bloc’s military plants are suffering from scarce supplies of gunpowder and TNT, which could delay plans to boost shell production by three years. The sources also complained that this meant the defense industry would be unable to meet the soaring demand “regardless of how much money is thrown at the problem.” “The fundamental problem is that the European defense industry is not in good shape for large-scale war production,” one German official told the outlet.

These concerns were echoed by Jiri Hynek, who chairs the Defense and Security Industry Association of the Czech Republic. He said, as quoted by the FT, that while building a new artillery factory “is very easy,” it is impossible to produce shells without raw materials. The official proceeded to point out that “it’s not possible to increase, in a short time, nitrocellulose” production, which is the basic ingredient in gunpowder. “If I want to increase production of gunpowder I need probably three years,” he added. To remedy the situation, the EU needs to find new sources of supply, according to Italian defense official Gianclaudio Torlizzi. He told the FT that the continent needs to approach countries that it had traditionally stayed away from. “Each European country wants to protect its availability of raw materials,” he explained.

EU officials have repeatedly voiced concerns about their dwindling arms stocks due to the bloc’s support of Ukraine. Last December, EU foreign policy chief Josep Borrell lamented that years of underinvestment had resulted in military stocks quickly running out. Against this backdrop, several key European officials have urged the bloc to switch over to a “war economy.” Meanwhile, on Thursday, the New York Times reported that the US and its allies were running out of ammunition for Ukraine, which is burning through thousands of shells each day in the battle for the key Donbass city of Artyomovsk (called Bakhmut in Ukraine). According to the newspaper, Western officials worry that this process is “unsustainable” and could jeopardize Kiev’s planned springtime campaign.

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The narrative is that Russia will attack beyond Ukraine. It’s just a narrative.

• NATO Is Racing To Arm Its Russian Borders. Can It Find The Weapons? (Pol.eu)

Add NATO’s military planners to the list of those concerned about having enough shells. In the coming months, the alliance will accelerate efforts to stockpile equipment along the alliance’s eastern edge and designate tens of thousands of forces that can rush to allies’ aid on short notice — a move meant to stop Russia from expanding its war beyond Ukraine. To make that happen, though, NATO must convince individual countries to contribute various elements: Soldiers, training, better infrastructure — and, most notably, extensive amounts of pricey weapons, equipment and ammunition. With countries already worried about their own munitions stockpiles and Ukraine in acute need of more shells and weapons from allies, there is a risk that not all NATO allies will live up to their promises to contribute to the alliance’s new plans.

[..] It’s a challenge NATO has faced in the past, and one that experts fear could become a persistent problem for the Western alliance as Russia’s war drags into a second year. While the U.S. and EU are making plans to source more weapons — fast — the restocking process will inevitably take time. That could run into NATO’s aspirations. Military leaders this spring will submit updated regional defense plans intended to help redefine how the alliance protects its 1 billion citizens. The numbers will be large, with officials floating the idea of up to 300,000 NATO forces needed to help make the new model work. That means lots of coordinating and cajoling. “I think you need forces to counter a realistic Russia,” said one senior NATO military official, underscoring the need for significantly “more troops” and especially more forces at “readiness.”

There are several tiers of “readiness.” The first tier — which may consist of about 100,000 soldiers prepared to move within 10 days — could be drawn from Poland, Norway and the Baltic states (Estonia, Latvia and Lithuania), said Heinrich Brauß, a former NATO assistant secretary general for defense policy and force planning. It may also include multinational battlegroups the alliance has already set up in the eastern flank. A second tier of troops would then back up those soldiers, ready to deploy from countries like Germany in between 10 to 30 days. But the process could get tricky. Why? Because moving so quickly, even given a month, requires lots of people, equipment and training — and lots of money.

Some militaries will have to up their recruitment efforts. Many allies will have to increase defense spending. And everyone will have to buy more weapons, ammunition and equipment. Ben Hodges, former commander of U.S. Army Europe, said that “readiness” is “basically, do you have all the stuff you’re supposed to have to do the mission assigned to a unit of a particular size?” “An artillery battalion needs to shoot X number of rounds per year for planning purposes in order to maintain its level of proficiency,” he said. A tank battalion needs to hit targets, react to different situations and “demonstrate proficiency on the move, day and night, hitting targets that are moving.” “It’s all very challenging,” he said, pointing to the need for training ranges and ammunition, as well as maintaining proficiency as personnel changes over time. “This obviously takes time and it’s also expensive.”

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As NATO scrambles to arm Ukraine -and itself-, Russia has no such problems.

Putin was asked why Russia didn’t invade in 2014.

“There are other cutting-edge systems as well, though in 2014 there was nothing of the kind..”

• Russia Has Hypersonic Weapons Now, But It Does Not Use Them – Putin (TASS)

Russia does not use hypersonic weapons in fact now, though it has them, same as other cutting-edge systems, President Vladimir Putin said in an interview for the “Moscow. Kremlin. Putin” program on Rossiya-1 TV channel published by journalist Pavel Zarubin on his Telegram channel on Sunday. “Indeed, we have to do much, let’s say, for the development of land forces, but back then [in 2014] there were no hypersonic weapons, though they exist now! Yes, we do not use them in fact, but we have them. Do you understand? There are other cutting-edge systems as well, though in 2014 there was nothing of the kind,” Putin said. Asked whether it was worth starting the special operation in 2014, he stressed that the reality has changed since then: “Conjunctive mood cannot be used here!”.

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Two can play that game..

• Russian Files On Kiev’s Crimes To Provide Basis For Tribunal – Kremlin (TASS)

Russia’s Investigative Committee thoroughly records all Kiev’s crimes, with those files to potentially provide a basis for tribunal in the future, Kremlin Spokesman Dmitry Peskov told reporters on Sunday. “We know that the Investigative Committee is involved in this work. All crimes committed by the Kiev regime are thoroughly recorded. <…> The files will obviously be able to provide a basis for such a tribunal,” he said when asked how the Kremlin takes the idea of a tribunal on Kiev’s regime. Chairman of the Russian Investigative Committee Alexander Bastrykin said earlier that Moscow should establish an international judicial body in response to Western countries, which are preparing similar structures for Russia’s prosecution.

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There we go…

• Poland May End Up ‘Joining’ Ukraine Conflict – Diplomat (RT)

Poland may end up “joining” the ongoing conflict between Russia and Ukraine should the latter fail to protect its “independence,” the Polish ambassador to France, Jan Emeryk Rosciszewski, has said. The senior diplomat made the remarks on Saturday while speaking live to the broadcaster LCI. Rosciszewski squarely blamed the hostilities, which have been ongoing for over a year already, on Moscow, stating that it was “not NATO, not Poland, not France and not Slovakia” that was ramping up international tensions, but Russia. According to the diplomat, the situation now is “either Ukraine will successfully defend its independence, or we will be forced, in any case, to join this conflict.” “Otherwise, our principal values, which are the basis of our civilization and our culture, will be in fundamental danger, so we will have no choice,” Rosciszewski stated.

The hawkish statement promptly made headlines in international media, prompting the Polish mission in France to elaborate further on the remarks made by its head. According to a message released by the embassy on Sunday, Rosciszewski’s comments were not actually an admission that Warsaw was ready to go to war with Russia, but merely a “warning” and a pledge to continue supporting Kiev. “Listening carefully to the entire conversation allows us to understand that there was no announcement of Poland’s direct involvement in the conflict, but only a warning against the consequences of Ukraine’s defeat – the possibility of Russia attacking or dragging into the war more Central European countries – the Baltic states and Poland,” the statement reads. The embassy also condemned the purportedly “sensational” reporting on the bombshell interview, suggesting that some unidentified media outlets may have acted in “ill will.”

The remarks received a poor reception in Moscow, with a top Russian senator, Alexey Pushkov, warning Warsaw of the potential consequences and questioning its presumed resolve to fight Russia on its own. “A very presumptuous statement by the Polish ambassador in Paris. For the first time, an official representative of Poland said what its leaders have long had on their minds. However, all the ‘courage’ of the Poles is based on the support of the United States. Is Warsaw sure that Washington is ready to fight?” Pushkov said in a Telegram post.

Poland has been among the most active supporters of Kiev in the hostilities against Russia, sending in assorted military hardware, including tanks and artillery pieces, to prop up Ukraine. Apart from that, Polish mercenaries have been directly involved in the conflict in significant numbers, according to Moscow. Warsaw has also announced a major military buildup of its own, seeking to greatly expand the ranks of its armed forces and procure large amounts of modern military hardware from overseas.

Read more …

Is Belarus being provoked by Ukraine to spread the war? You’d almost think so…

• Belarus Cracks Down On Pro-Ukraine Guerrillas As War Threatens To Expand (ZH)

The Belarus government is implementing widespread measures to crack down on dissent as pro-Ukraine guerrillas attempt to sabotage railways and other logistics that could be used by Russia for a future offensive from the north. The move comes not long after the guerrillas, part of an organization called BYPOL, used two armed drones to damage a Russian Beriev A-50 parked at the Machulishchy Air Base near Minsk. The early warning aircraft was lent to Belarus for monitoring the security of their southern border. The attack failed to destroy the plane beyond minor repairs according the the Belarus government, but did garner BYPOL headlines in the western media.

What they did not report was that the primary perpetrator of the attack was apprehended along with 20 other accomplices. Belarus claims that at least one of the guerrillas has ties to Ukrainian security services, though this remains unconfirmed. Last month, President Alexander Lukashenko warned that: “I’m ready to fight together with the Russians from the territory of Belarus in one case only: if so much as one soldier from (Ukraine) comes to our territory with a gun to kill my people.” If BYPOL attacks continue within Belarus they may provide the very rationale that Lukashenko needs to justify joining military forces with Russia, which would open up the northern border of Ukraine to attack and likely deal a devastating blow to the nation’s defensive posture.

Acts of sabotage have already been used as fuel for civilian restrictions including the issuance of arrest warrants for numerous activists as well as at least five journalists, two of them now sentenced to 12 years in prison for a variety of charges including “Tax evasion, organizing activities aimed at inciting racial, ethnic, religious, or social hatred, and public calls through the media and the Internet aimed at damaging the national security of Belarus.” The Belarus government seems to have abandoned optics in favor of policies akin to martial law, which suggests a near term plan to join Russia militarily as well as to wage an anti-insurgency effort against BYPOL. Foreign Minister Sergei Aleinik stated at the end of February that the accelerated militarization of the eastern flank of the North Atlantic Treaty Organization (NATO) represents a threat to his country’s security.

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” This one was prepared not to determine the truth, but rather to “justify” a preemptive war on Iraq, where there was nothing to preempt.”

• Iraq 20 Years (Ray McGovern)

C.I.A. Director Tenet suggested basing a new draft on the National Intelligence Estimate of Oct. 1, 2002, “Iraq’s Continuing Programs for Weapons of Mass Destruction.” That had immense appeal to Tenet and others who had been co-opted into “leaning forward” to facilitate a Bush/Cheney war on Iraq. Indeed, one can assume it had appeal to most of those involved in Powell’s speech preparation, given that the Security Council briefing was but a handful of days away. I have been referring to that NIE, advisedly, as The Whore of Babylon, wrong on every major accusation about WMD in Iraq. I speak from experience at the C.I.A. as a former chair of National Intelligence Estimates. This one was prepared not to determine the truth, but rather to “justify” a preemptive war on Iraq, where there was nothing to preempt.

To their credit, State/INR analysts had expressed formal dissent from some of its main conclusions back in September 2002. No, it is not possible that Powell could have been unaware of that. And it is not difficult to explain why Powell chose to spurn his own intelligence analysts, despite their relatively solid reputation. I will resist the temptation to guess at Powell’s motivation, even though I have had some considerable experience with him. Back in the day, we used to spend a few minutes comparing notes before my one-on-one morning briefings of his boss, Defense Secretary Casper Weinberger, with The President’s Daily Brief. I am not surprised, though, as Draper quotes Powell explaining his decision to stay in place as secretary of state and to do what he was told: “I knew I didn’t have any choice. He’s the President.”

Draper adds that, “although Powell would not admit it, Bush’s request that he be the one to make the case against Hussein to the U.N. was enormously flattering. Cheney took a more direct approach: ‘The Vice President said to me: “You’re the most popular man in America. Do something with that popularity.”” Draper describes INR’s Director Ford as “heartsick” watching Powell on TV before the U.N. Security Council. Ford’s chagrin was widely shared among serious intelligence analysts — as well as by us alumni watching the prostitution of what had been our tell-it-like-it-is intelligence analysis profession. But there the National Intelligence Estimate was for plucking — an intelligence community-endorsed consensus already “on the books” — and with drafting time running out.

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“I also paid more income tax than anyone ever in the history of Earth for 2021 and will do that again in 2022.”

• Elon Musk Fact-Checks Biden On Tax Claim (RT)

America’s richest man on Saturday took issue with President Joe Biden’s effort to sell voters on tax increases by claiming that billionaires get away with paying only 3% of their earnings, on average, to the federal government. Tesla CEO Elon Musk pushed back after Biden posted a Twitter message arguing that the mega-rich aren’t paying their fair share of taxes. “You know the average tax billionaires pay?” Biden asked, before answering the question himself with his 3% claim. “No billionaire should be paying a lower tax than somebody working as a schoolteacher or a firefighter.” Musk replied, “I paid 53% taxes on my Tesla stock options (40% federal and 13% state), so I must be lifting the average! I also paid more income tax than anyone ever in the history of Earth for 2021 and will do that again in 2022.”

He then invited Twitter users in the platform’s Community Notes program to weigh in on whether the 3% figure was accurate. Biden has repeatedly made the claim while promoting his effort to raise taxes on high-income Americans. When he made the same statement in a speech last month, PolitiFact pointed out that it was false. “Under today’s laws, the 25 highest-earning billionaires paid an average tax rate of 16%,” the fact-checking outlet said. The group added that most teachers and firefighters fall within an income range with effective tax rates of zero to 15%.

Biden’s 2024 budget proposal calls for raising tax rates on individuals with earnings of more than $400,000 a year and married couples making over $450,000. He also has demanded a 25% minimum tax on Americans with fortunes exceeding $100 million. “Look, I think you should be able to be a billionaire if you can earn it, but just pay your fair share,” Biden said. “I think you ought to pay a minimum tax of 25%. It’s about basic fairness.” Musk countered, “I certainly agree that everyone should pay taxes and not engage in elaborate tax-avoidance schemes.” Such schemes aren’t necessary for low-income Americans because more than 40% of US households pay no federal income tax.

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Nord Stream fallout.

• Germans Warned Of Energy Crisis Next Winter (RT)

Germany has managed to avoid an energy crisis this year, but there is a risk that the next heating season will be more difficult, Klaus Mueller, the head of Germany’s Federal Network Agency said in an interview with the Rheinische Post, published on Saturday. According to Mueller, the country’s gas storage facilities are currently 64% full, and even if it the weather turns cold in the next few weeks, German energy supply for the remainder of the heating season is secured. He warned, however, that “we should not relax, as things could be different next winter.” “We cannot rule out a gas shortage for next winter. Risk factors are that the winter of 2023/24 will be very cold, that households and companies will save too little, that the LNG terminals will not work as planned – we would also have to help our neighboring countries with their energy problems,” Mueller explained.

Germany largely managed to avoid energy shortages due to unseasonably mild weather throughout the past couple of months, but Mueller noted that with respect to the next heating season, the weather poses the biggest risk. “We cannot rely on the fact that next winter will be mild again. When it’s cold, many households immediately stop saving. In warm October they saved more than 20% of gas, while during the cold snap in December – only 7%.” The official also pointed to another risk factor – the absence of Russia’s energy supplies, which made it possible for the country to fill up storage tanks in preparation for the heating season last year. While the EU did not ban Russia’s pipeline gas imports, their flows dwindled significantly after Ukraine-related sanctions and following the sabotage that disabled the Nord Stream 1 pipeline, one of the main routes for Russian gas to Europe.

As a result, Germany no longer receives Russian gas directly, and according to Mueller, energy prices will no longer be as low as they were when it did. “We don’t know what will become of Russia’s remaining gas supplies… We have to get used to higher prices, the time of cheap energy from Russia is definitely over,” he stated. Gas prices have been relatively low throughout the winter, helped by lower demand due to mild weather. Wholesale gas prices, which had soared over €300 per megawatt hour late last summer, fell to a level of around €50 in March. While that is far more than what natural gas cost in early 2021, it is “the new normal,” Mueller said, noting that in order to avoid further price spikes, consumers would have to continue efforts to conserve energy.

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Khan’s crime? He offended the CIA: “Khan built economic and diplomatic relations with Russia and China during his time in office..”

• Imran Khan Hit With Terror Charges (RT)

Police in Islamabad have filed terrorism charges against former Prime Minister Imran Khan, after crowds of his supporters rioted outside a courthouse in the Pakistani capital. Khan was due to appear at the court on Saturday to answer corruption charges. Khan, along with more than a dozen officials in his Pakistan Tehreek-e-Insaf (PTI) party and scores of his supporters, were charged with a litany of offenses, including rioting, obstruction, assault on police officers, arson, intimidation, and acts of terrorism, Pakistan’s The Nation newspaper reported on Sunday. The charges stemmed from a riot outside the Islamabad Judicial Complex on Saturday, in which protesters hurled rocks and fire bombs at police as they waited for Khan to arrive at the building. A dozen police vehicles were burned, and officers responded with tear gas.

More than 50 officers were injured, and 59 of Khan’s supporters were arrested, the Associated Press reported. Police raided Khan’s residence in Lahore earlier on Saturday, shortly after he left for the court date in Islamabad. A crowd of the former PM’s supporters attempted to block police from carrying out the raid, leading to clashes and 30 arrests. The raid was not the first on Khan’s home, and the former leader previously accused authorities of attempting to arrest and execute him. Khan never entered the courtroom on Saturday. In a video message to supporters, he claimed that police fired tear gas at his vehicle, preventing him from stepping outside. The judge postponed his hearing until March 31.

A former cricketer, Khan became prime minister of Pakistan in 2018 but was ousted in 2022. He is accused by the state of unlawfully selling official gifts given to him by foreign dignitaries during his tenure. Khan claims that the corruption charges are politically motivated and aimed at preventing him from returning to power. Khan built economic and diplomatic relations with Russia and China during his time in office, and he has since claimed that his removal was orchestrated by the US with the goal of installing a more compliant leader. The PTI has been leading protests across Pakistan and calling for snap elections since Khan’s ouster. During a November rally in Wazirabad, an attacker opened fire on Khan, injuring him and eight others. Despite his ongoing legal drama, Khan is the most popular political leader in Pakistan, with an approval rating of 61%, according to a Gallup poll taken earlier this month. Current Prime Minister Shehbaz Sharif sits at 32%.

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“Their total mass is around 22m tonnes which is less than 10% of humanity’s [..] ..add all our cattle, sheep and other livestock, that adds another 630m tonnes..”

• Total Weight Of Wild Mammals Less Than 10% Of Humanity’s (G.)

The total weight of Earth’s wild land mammals – from elephants to bisons and from deer to tigers – is now less than 10% of the combined tonnage of men, women and children living on the planet. A study by scientists at Israel’s Weizmann Institute of Science, published this month, concludes that wild land mammals alive today have a total mass of 22m tonnes. By comparison, humanity now weighs in at a total of around 390m tonnes. At the same time, the species we have domesticated, such as sheep and cattle, in addition to other hangers-on such as urban rodents, add a further 630m tonnes to the total mass of creatures that are now competing with wild mammals for Earth’s resources. The biomass of pigs alone is nearly double that of all wild land mammals.

The figures demonstrate starkly that humanity’s transformation of the planet’s wildernesses and natural habitats into a vast global plantation is now well under way – with devastating consequences for its wild creatures. As the study authors emphasise, the idea that Earth is a planet that still possesses great plains and jungles that are teeming with wild animals is now seriously out of kilter with reality. The natural world and its wild animals are vanishing as humanity’s population of almost eight billion individuals continues to grow.“When you look at wildlife documentaries on television – for instance of wildebeest migrating – it is easy to conclude that wild mammals are doing quite well,” lead author Ron Milo told the Observer.

“But that intuition is wrong. These creatures are not doing well at all. Their total mass is around 22m tonnes which is less than 10% of humanity’s combined weight and amounts to only about 6lb of wild land mammal per person. And when you add all our cattle, sheep and other livestock, that adds another 630m tonnes. That is 30 times the total for wild animals. It is staggering. This is a wake-up call to humanity.” The study, The Global Biomass of Wild Mammals, also reveals that those that do best – such as the white-tailed deer in the US and wild boars – are those that find it easier to adapt to the presence of humans. Both species can be found near settlements and are occasionally treated as pets. “Even within the wild, the fingerprints of humanity are obvious,” added Milo, whose team’s study is published in the US journal Proceedings of the National Academy of Sciences. As part of the paper, researchers Lior Greenspoon and Eyal Krieger collected biomass data on about half of all known mammals and used machine-learning computational models on other zoological samples to calculate the other half.

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75yr old WYATT EARP – #botd in 1848 – at home in 1923.

 

 

 

 

 

 

 

 

 

 

Elephants

 

 

 

 

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