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Raúl Ilargi Meijer

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.

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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.

Read more …

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.

Read more …

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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Debt Rattle March 19 2023

Mar 192023
 
 March 19, 2023  Posted by at 9:33 am Finance Tagged with: , , , , , , , , ,  38 Responses »


Henri Rousseau The Flamingoes 1907

 

• Donald Trump Says He Will Be Arrested Tuesday (NYP)
• Arrest Would Deliver Trump 2024 Election In ‘Landslide’ – Elon Musk (RT)
• Get Ready For Manhattan DA’s Made-for-TV Trump Prosecution (Turley)
• George Soros A Major Force Behind Trump’s Prosecution and Imminent Arrest (TP)
• Hillary Clinton Quietly Settled Campaign Finance Violation Last Year (PM)
• Obama, Hillary Settled Nearly $500,000 In Campaign Finance Fines (DCE)
• Watchdog Group Launches Investigation Into Biden’s ‘Woke Army’ (ET)
• Putin Makes Surprise Visit To Donbass, Mariupol (RT)
• Ukrainian Troops Use 19th-Century Arms To Defend Bakhmut – The Telegraph (RT)
• Russia Responds To Denmark’s Nord Stream Probe Refusal (RT)
• The Perfect Solution to the Banking Crisis Is to Make a Truly Safe Bank (Mish)
• Nearly 200 US banks At Risk Of Repeating SVB Collapse – Study (RT)
• UBS Seeks $6 Billion Government Backstop In Credit Suisse Takeover (ZH)
• Britons Facing ‘Disastrous Decade’ – Report (RT)
• Massie Asks A Reasonable Question (Denninger)

 

 

 

 

OTAN

 

 


If we wanted to get screwed by the goverment we would have elected Brad Pitt

 

 

Big guy

 

 

DNA RNA

RFK

 

 

 

 

Dowd

 

 

 

 

The US appears at serious risk of becoming ungovernable: “protest, take our nation back!”. But they can’t beat Trump any other way.

• Donald Trump Says He Will Be Arrested Tuesday (NYP)

Former President Donald Trump said he expects to be arrested Tuesday in Manhattan — and urged his followers to protest his looming indictment. “THE FAR & AWAY LEADING REPUBLICAN CANDIDATE & FORMER PRESIDENT OF THE UNITED STATES OF AMERICA, WILL BE ARRESTED ON TUESDAY OF NEXT WEEK. PROTEST, TAKE OUR NATION BACK!,” he thundered in an all caps missive to his followers on Truth Social Saturday morning. He slammed Manhattan District Attorney Alvin Bragg’s office as “CORRUPT & HIGHLY POLITICAL” in his post. Trump again insisted he had committed no crime, and reminded his followers that Bragg’s campaign had been heavily financed by liberal billionaire George Soros.


Bragg’s looming charges are said to focus on Trump’s payments of hush money to Stormy Daniels, an adult star who claimed she had an affair with Trump in 2016 and received $130,000 in hush money payments from the billionaire to keep her quiet during his 2016 presidential campaign. Trump has denied the alleged infidelity. An attorney for Daniels said Wednesday his client had met with Manhattan prosecutors, and that she was prepared to testify in any trial as a witness. Michael Cohen, Trump’s former attorney and fixer, pleaded guilty in 2018 to federal campaign finance law violations stemming from the payment and was sentenced to three years in prison.

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“The predicted indictment of the former president [..] would be the first of its kind in US history..”

• Arrest Would Deliver Trump 2024 Election In ‘Landslide’ – Elon Musk (RT)

If former US President Donald Trump is arrested next week, he will win the 2024 election in a “landslide victory,” Twitter owner Elon Musk tweeted on Saturday in response to a Fox News clip discussing the possibility of the former president being “handcuffed” and processed through the New York City court system. “If this happens, Trump will be re-elected in a landslide victory,” Musk said in the tweet, a reply to a similar – though less emphatic – prediction from Canadian lawyer @thevivafrei. The opinion that this scenario might propel the former reality TV star back into the White House is not an uncommon one, and appears to be shared by Trump himself. He alerted his followers to his impending arrest on Truth Social on Saturday, urging them to “protest, take our nation back!”

His post highlights that the Manhattan District Attorney’s office is discussing security for such an eventuality, perhaps suggesting that the authorities may be wary of the response of Trump’s followers. The predicted indictment of the former president on what are expected to be campaign finance violation charges would be the first of its kind in US history. Even former President Richard Nixon was not prosecuted after he resigned from office following the Watergate scandal. Trump’s lawyer has accused prosecutor Alvin Bragg, the Manhattan district attorney, of having “weaponized” the legal system, leveraging a misdemeanor charge that federal prosecutors did not deem worthy of prosecution into a felony. If he is found guilty before November 2024, it could potentially keep him from the White House.

When the FBI staged a nighttime raid on Trump’s Mar-a-Lago Florida estate last summer, the New York Times expressed concern that the agency’s heavy-handed tactics would galvanize the former president’s base, with the resulting electoral turmoil not only allowing Republicans to seize control of Congress, but handing Trump the 2024 nomination on a silver platter. While Republicans did take back the House of Representatives, the midterms fell short of the partisan rout expected by many on the right, with the Senate remaining in Democratic hands. Although incumbent President Joe Biden’s approval rating hovers near record lows, even among those in his own party, most polls pitting him against Trump have Biden leading by a handful of points. An arrest could easily push Trump over the top, according to Musk and many others.

Elon Hunter

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“..high on ratings, but short on the law..”

• Get Ready For Manhattan DA’s Made-for-TV Trump Prosecution (Turley)

“The moment that we are waiting for, we made it to the finale together” — those familiar words from “America’s Got Talent” — could well be the opening line for Manhattan District Attorney Alvin Bragg next week, when he is expected to unveil an indictment of former President Trump. With Trump’s reported announcement that he expects to be arrested on Tuesday, it would be a fitting curtain raiser for a case that has developed more like a television production than a criminal prosecution. Indeed, this indictment was repeatedly rejected only to be brought back by popular demand. Trump faces serious legal threats in the ongoing Mar-a-Lago investigation. But the New York case would be easily dismissed outside of a jurisdiction like New York, where Bragg can count on highly motivated judges and jurors.

Although it may be politically popular, the case is legally pathetic. Bragg is struggling to twist state laws to effectively prosecute a federal case long ago rejected by the Justice Department against Trump over his payment of “hush money” to former stripper Stormy Daniels. In 2018 (yes, that is how long this theory has been around), I wrote how difficult such a federal case would be under existing election laws. Now, six years later, the same theory may be shoehorned into a state claim. It is extremely difficult to show that paying money to cover up an embarrassing affair was done for election purposes as opposed to an array of obvious other reasons, from protecting a celebrity’s reputation to preserving a marriage. That was demonstrated by the failed federal prosecution of former presidential candidate John Edwards on a much stronger charge of using campaign funds to cover up an affair.

In this case, Trump reportedly paid Daniels $130,000 in the fall of 2016 to cut off or at least reduce any public scandal. The Southern District of New York’s U.S. Attorney’s office had no love lost for Trump, pursuing him and his associates in myriad investigations, but it ultimately rejected a prosecution based on the election law violations. It was not alone: The Federal Election Commission (FEC) chair also expressed doubts about the theory. Prosecutors working under Bragg’s predecessor, Cyrus Vance Jr., also reportedly rejected the viability of using a New York law to effectively charge a federal offense.

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“..Bragg upgraded the charges from a misdemeanor class, which stands in sharp contrast to the prosecutor’s history of reducing charges in the majority of his cases..”

• George Soros A Major Force Behind Trump’s Prosecution and Imminent Arrest (TP)

President Donald Trump reacted to the news of his imminent arrest in New York by pointing out that the Manhattan District Attorney’s office’s “leader is funded by George Soros.” Manhattan D.A. Alvin Bragg, whom Donald Trump is referring to in his post, was elected in November 2021 with indirect backing from left-wing billionaire George Soros, who gave $1 million to the Color of Change PAC, which spent it to elect Bragg. The Color of Change PAC is a radical activist group that describes itself as “the nation’s largest online racial justice organization.” [..] Now, Bragg has an opportunity to become infamous in U.S. history for charging former President Donald Trump. The Soros connection was brought up by popular tweeter Catturd, who provoked a response from Twitter owner Elon Musk.

Bragg is allegedly preparing to indict the GOP presidential candidate “for alleged hush money payments Trump made as a presidential candidate in 2016” to pornstar Stormy Daniels, as Fox News reported. House Speaker Kevin McCarthy has come to the defense of Donald Trump amid reports of a potential indictment by the Manhattan D.A. “Here we go again — an outrageous abuse of power by a radical DA who lets violent criminals walk as he pursues political vengeance against President Trump,” McCarthy said on Twitter. The House Speaker said, “I’m directing relevant committees to immediately investigate if federal funds are being used to subvert our democracy by interfering in elections with politically motivated prosecutions.” Manhattan District Attorney Alvin Bragg is expected to bring felony charges against Trump next week related to payments made in 2016 to settle rumors of an extramarital affair. Bragg upgraded the charges from a misdemeanor class, which stands in sharp contrast to the prosecutor’s history of reducing charges in the majority of his cases.


Since taking office last year, DA Bragg has downgraded approximately 52 percent of all cases brought before his office. Many of these cases involved reducing felony charges to misdemeanors. Under Bragg’s predecessor, less than 40 percent of cases were downgraded. The expected Trump arrests would come after a failed Russia collusion investigation, two dead-end impeachments, a Special Counsel investigation into Trump’s “classified documents” that appears to be neutered by Biden’s worse classified documents scandal, and a January 6 investigation that has led to no substantive evidence that Donald Trump called for an “insurrection.” This is apparently the ‘hail Mary’ play the corrupt Democratic Party is calling for to keep Donald Trump out of the White House.

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“..Clinton was given a $113,000 fine, Trump is looking at the possibility of handcuffs, for the same charges..”

• Hillary Clinton Quietly Settled Campaign Finance Violation Last Year (PM)

In 2022, Hillary Clinton was fined by the Federal Election Commission after an investigation showed that she and the DNC “misreported payments made to a law firm during the 2016 campaign to obscure the spending,” the AP reported last year. The lawfirm was Perkins Coie, which hired research firm Fusion GPS, which then fabricated evidence, compiled in the Steele Dossier, which was later used by Congress to impeach Donald Trump. The Clinton campaign classed these expenses paid to Perkins Coie for opposition research as “legal services,” and for that misrepresentation, Clinton was made to pay a fine of $113,000. Donald Trump is facing potential felony indictment over recording payments made to his attorney, which were then paid out to porn-star Stormy Daniels in alleged hush money, as legal fees.

Clinton was given a $113,000 fine, Trump is looking at the possibility of handcuffs, for the same charges—mischaracterizing payments to lawyers as legal fees when those lawyers were passing on the money for another purpose. Only Trump sought to keep quiet a relationship he did not want made public, while Clinton and her campaign paid for the creation of false information that was then used in an attempt to unseat the president from the White House. New York City DA Alvin Bragg, who invited Trump to testify before a grand jury, which is an indication of a forthcoming indictment, is elevating the misdemeanor charge of false reporting to a felony by seeking to prove that Trump intended to commit a second crime, likely election fraud. Clinton paid for the creation of a false dossier with the intent to spread that literal disinformation to the public and thereby influence the electorate against Trump. For this, she was issued a fine.

“By intentionally obscuring their payments through Perkins Coie and failing to publicly disclose the true purpose of those payments,” the campaign and DNC “were able to avoid publicly reporting on their statutorily required FEC disclosure forms the fact that they were paying Fusion GPS to perform opposition research on Trump with the intent of influencing the outcome of the 2016 presidential election,” the initial complaint said, per the AP. Clinton and the DNC said the payments were legal fees, but settled for the fines anyway. Clinton paid a civil penalty fine of $8,000, while the DNC paid the remaining $105,000. Depsite lenghty attempts by the FBI to corroborate the reports, the Steele Dossier “has been largely discredited since its publication, with core aspects of the material exposed as unsupported and unproven rumors.”

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”..In 2013, Obama’s 2008 campaign was fined one of the largest fines in presidential campaign history with a $375,000 fine..”

• Obama, Hillary Settled Nearly $500,000 In Campaign Finance Fines (DCE)

Both former President Barack Obama and two-time failed presidential candidate Hillary Clinton were fined a collective total of $488,000 for campaign finance violations and didn’t face indictment or arrest unlike 45th President and leading 2024 presidential candidate Donald Trump. In 2013, Obama’s 2008 campaign was fined one of the largest fines in presidential campaign history with a $375,000 fine from the Federal Election Commission (FEC) for campaign reporting violations. In 2022, Hillary Clinton’s 2016 presidential campaign and the Democratic National Committee (DNC) settled an FEC investigation into whether they violated campaign finance laws by paying a $113,000 Steele dossier fine.

Despite adult film “star” Stormy Daniels being ordered to pay Trump $300,000 for losing a defamation case against him, Far-left Manhattan District Attorney Alvin Bragg (D) is attempting to bring charges against Trump over a $130,000 payment made by his former lawyer and now convicted liar, Michael Cohen, to Daniels. This will likely backfire for the far-left Manhattan DA and result in skyrocketing fundraising and poll numbers for Trump. In August, when the Federal Bureau of Investigations (FBI) conducted a raid on Mar-A-Lago, his home in Palm Beach, Florida, contributions to Trump’s political action committee skyrocketed over one million dollars in two days.

[..] As Trump continues to crush all potential Republican and Democrat challengers in polls for the 2024 presidential election, it’s no coincidence the Department of Justice (DOJ), far-left courts, the radical left, and more are and have targeted President Trump for the past six years and have only exonerated him time after time.

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“Executive Order Further Advancing Racial Equity and Support for Underserved Communities Through The Federal Government.”

• Watchdog Group Launches Investigation Into Biden’s ‘Woke Army’ (ET)

The Foundation for Government Accountability (FGA) is launching an investigation into a recent executive order the group called an “unprecedented scheme” they believe violates the democratic process. In a press release, FGA said they are “sounding the alarm” on the “‘woke army’ being assembled inside the federal government,” through Executive Order 14091 (EO), titled “Executive Order Further Advancing Racial Equity and Support for Underserved Communities Through The Federal Government.” FGA announced that their investigation will include filing Freedom of Information Act (FOIA) requests targeting the 23 agencies addressed in the Equity EO, including the Departments of State, Justice, Defense, Labor, Transportation, Social Security, Education, and Health and Human Services.

The group will share the information they gather with Congress, the states, and the American people, according to their press release. FGA asserted that the plan (pdf) was developed by a left-wing activist group, and said it was “designed to circumvent the normal, democratic process and instead force their ideology onto Americans.” Tarren Bragdon, FGA President and CEO said of the executive order, “These equity teams are a Trojan horse planted in the heart of every federal agency to fundamentally change decision-making across the bureaucracy. Their goal is to continuously and permanently embed Left-wing ideology into every agency action.

“We cannot allow this new ‘woke army’ to force un-American philosophy into all corners of our federal government. They will degrade our nation’s capabilities and effectiveness, while undermining our liberty and security.” “We’ve seen the economic devastation over the first two years of the Biden presidency. If radical ideology is ingrained into every policy and regulatory decision at all agencies, the impact on the American people and economy will be widespread, devastating, and impossible to reverse,” Bragdon added. Bragdon referenced part of Section 2 of the order, which outlines the requirement that agency heads across the administration ensure they place an “Agency Equity Team” within their agencies to “coordinate the implementation of equity initiatives,” in order to deliver “equitable outcomes” to the American people.

Read more …

And Crimea.

• Putin Makes Surprise Visit To Donbass, Mariupol (RT)

Following his surprise visit to Crimea on Saturday, President Vladimir Putin made an unannounced “working trip” to Mariupol, an Azov Sea port city which was liberated by Russian forces last spring amid the military operation in Ukraine, and joined Russia as part of the Donetsk People’s Republic following a referendum in September. Putin arrived in Mariupol by helicopter, accompanied by Russian Deputy Prime Minister Marat Khusnullin, multiple news agencies including TASS and RIA Novosti reported on Sunday morning, citing the Kremlin’s press service. The president visited several districts of the city to inspect the progress of restoration efforts, including the construction of “new residential districts, social and educational facilities, housing and communal services infrastructure, medical institutions.” He also toured the “coastline in the area of the yacht club, theater,” as well as other “memorable places” in the city.


Putin also got behind the wheels of a car and drove through the streets of Mariupol to inspect the facilities, while taking time to speak with residents. On Saturday, Putin was in Crimea to mark the ninth anniversary of the peninsula’s reunification with Russia. Mariupol was liberated by Russian forces last spring amid the military operation in Ukraine. It has become one of the symbols of Russia’s military campaign, and victory in this city has arguably been the main triumph so far. In September, the Donetsk People’s Republic, which includes Mariupol, along with the Lugansk People’s Republic, as well as Zaporozhye and Kherson Regions, officially joined the Russian Federation after holding referendums. Crimea overwhelmingly voted to join Russia in a referendum after the Western-backed coup in Kiev in 2014.

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“Maxims were used by British colonial forces in Africa and by Imperial Russian forces in the Russo-Japanese War of 1904-1905..”

• Ukrainian Troops Use 19th-Century Arms To Defend Bakhmut – The Telegraph (RT)

Ukrainian forces defending the Donbass town of Artyomovsk, also known as Bakhmut, are relying on Victorian-era Maxim guns, the Telegraph reported on Friday. Despite receiving tens of billions of dollars worth of US and NATO aid, Kiev is reportedly struggling with shortages of arms and ammunition. “I have seen Maxim machine guns in stationary positions many times,” a Ukrainian soldier told the British newspaper. “Despite their age, it is a rather formidable weapon. The main thing is not to forget to add some water.” Invented by Hiram Stevens Maxim in 1884, the Maxim gun was the first fully automatic machine gun in the world. Firing a still-respectable 600 rounds per minute, the gun relies on a heavy water jacket around its barrel to prevent overheating. Sitting on iron wheels and weighing around 30 kilos before adding water or ammunition belts, it takes a crew of four people to operate.

Maxims were used by British colonial forces in Africa and by Imperial Russian forces in the Russo-Japanese War of 1904-1905. It was already considered obsolete by the First World War, with British forces using the lighter Vickers machine gun in its stead. Sitting in Ukrainian armories since the country was a part of the Russian Empire, Maxims have been used on the frontline in Donbass since last year. While Ukrainian troops told the Telegraph that the Maxim is “a fairly effective weapon in capable hands,”some of Kiev’s servicemen have complained that they haven’t received newer gear. “The Russians have artillery, armored vehicles, and their forces are five to six times greater than ours,” a sergeant near Severodonetsk told Radio France Internationale last July.

“We only had machine guns and RPGs from 1986. A Degtyarov machine gun from 1943. And the Maxim machine gun from 1933.” The US alone has sent Ukraine more than $37 billion worth of weapons and ammunition since Russia’s military operation began last February. With Western stockpiles dwindling, however, American advisers are instructing Ukrainian forces to conserve their ammoif they hope to mount a counteroffensive this spring. Western military officials have also advised Zelensky against hanging on to Artyomovsk, which is nearly encircled by Russian forces at present. Kiev keeps casualty figures under wraps, but US officials believe that “upwards of 100,000 Ukrainian forces” have died since last February, with “many of these losses” taking place in the city, according to a Politico report earlier this week.

Although US officials have written off Artyomovsk as strategically insignificant, it is a vital logistics hub for the Ukrainian military. Control of the town would clear a path for Russian forces to push on towards Kramatorsk and Slavyansk, which sit along the last in a series of fortified lines built by Ukraine since the onset of its conflict with the Donetsk People’s Republic in 2014.

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“..Zakharova described Denmark’s refusal as a “fraud” and a “total scam.”

• Russia Responds To Denmark’s Nord Stream Probe Refusal (RT)

Denmark has never been interested in finding the real culprits behind the explosions that destroyed Russia’s Nord Stream pipelines last September, Foreign Ministry spokeswoman Maria Zakharova has claimed. She noted that Copenhagen had dragged its feet on granting permission for the second leg of the gas conduit and is refusing to cooperate with Moscow now that it has been sabotaged. In a statement released on Saturday, Zakharova suggested that Copenhagen’s long-standing aversion to the Nord Stream project is due to American influence. “Copenhagen, which so ferociously defends US interests in Europe, was in the first place not interested in conducting an investigation that could shed light on” those behind the sabotage, the Russian official wrote.

She pointed out that Denmark has yet to respond in a meaningful way to any of the numerous requests Russian authorities have made about the investigation into the blasts, including one by Prime Minister Mikhail Mishustin last year. Zakharova also reminded Danish officials that Moscow is the owner of the destroyed gas pipelines. According to the statement, “despite Denmark’s refusal [to participate] in a joint investigation into the sabotage,” Russia will continue to insist on being “given answers to the questions posed earlier.” Zakharova went on to warn that Moscow would not let Copenhagen “sweep the issue under the rug,” adding that only an open international probe that includes Russia would be able to establish the facts and present them in an objective manner.

Appearing on Russia’s Russia 1 TV channel on Thursday, Zakharova described Denmark’s refusal as a “fraud” and a “total scam.” Earlier that day, Danish Foreign Minister Lars Loekke Rasmussen ruled out the possibility of Moscow participating in the probe, explaining to journalists that “Denmark, Sweden and Germany all have rule of law and one can have confidence in our investigations.” Russia has accused the three countries of obstruction and asked the UN to initiate an impartial international investigation. The Nord Stream 1 and 2 pipelines were built under the Baltic Sea to deliver Russian natural gas to Germany and onward to Western Europe. Both conduits were ruptured and made inoperable by explosions near the Danish island of Bornholm in September 2022.

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“We would have a full reserve system, unfortunately one that is not backed by gold, but it would be a huge step in the right direction.”

• The Perfect Solution to the Banking Crisis Is to Make a Truly Safe Bank (Mish)

How many times do we have to go down the duration mismatch road with fractional reserve lending and nearly $9 trillion of Fed QE to prove the current banking doesn’t work? Once again, systemic risk morphed into economic stress, bank failures, and then a bailout of the banking system, not just Silicon Valley Bank. If you think only depositors got bailed out, you are mistaken. The Fed put a system backstop on $600 billion in bond losses. And although bank executives will lose their jobs, they cashed out tens of millions of dollars in stock options along the way. Specifically, we need a bank that puts 100% of its assets in overnight treasuries and makes zero loans. The bank would not need any loan officers or many operational personnel for obvious reasons.

There would be no need for FDIC guarantees because there would be zero risk of a run and zero risk of losses. We can still keep the FDIC term in place, but realistically it would not be needed. In essence, we would create a 100% reserve bank. Such a bank might pay one percentage point less than the Fed ‘s overnight rate for safekeeping. If the overnight rate fell below 1 percent, the bank would charge a fee for safekeeping. The bank could also do term deposits at a slight discount to corresponding treasury yields. Depositors would be required to hold assets to term. To prevent runs on existing banks right, we would let every bank participate in this offering. Customers would have a chance to place their deposits into safekeeping accounts at existing banks.

To make loans, I propose banks would have to attract investment money instead of lending money into existence. They would do so by offering higher than market interest rates on term deposits, but those deposits would not be guaranteed. As an added benefit, this setup would end fractional reserve lending. We would have a full reserve system, unfortunately one that is not backed by gold, but it would be a huge step in the right direction. The immediate economic reaction would likely be contractionary, but that seems to be what the Fed wants now anyway to rein in inflation. Alternatively, perhaps we could phase these ideas in over a 10-year period to mitigate risk.

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“..these calculations suggest that recent declines in bank asset values very significantly increased the fragility of the US banking system to uninsured depositor runs..”

• Nearly 200 US banks At Risk Of Repeating SVB Collapse – Study (RT)

Nearly 200 American banks face similar risks to those that led to the implosion and bankruptcy of Silicon Valley Bank (SVB), according to a paper posted this week to the Social Science Research Network. SVB, a major US lender focused on the tech and startup sectors, was shut down by regulators last week after massive deposit outflows. In the study, four economists from prominent US universities estimated how much market value the assets held by US banks have lost due to recent interest rate hikes. “From March 07, 2022, to March 6, 2023, the federal funds rate rose sharply from 0.08% to 4.57%, and this increase was accompanied by quantitative tightening. As a result, long-dated assets similar to those held on bank balance sheets experienced significant value declines during the same period,” they wrote.

Although higher interest rates can benefit banks by allowing them to lend at a higher rate, many US banks have parked a significant portion of their excess cash in US Treasuries. This was done when interest rates were at near-zero levels. The value of these bonds has now greatly decreased due to the rate hikes – investors can now simply purchase newly issued bonds that offer a higher interest rate. The decline in the banks’ portfolios is unrealized, meaning the value of the securities has declined but the loss is still only ‘on paper’. The problem arises when customers request their deposits back and banks are forced to sell their securities – at a significant loss – in order to pay depositors back. In extreme cases, this can lead to a bank becoming insolvent, or as happened with Silicon Valley Bank, the loss of confidence can trigger a bank run.

The report’s authors looked into how the amount of US lenders’ funding that comes from uninsured deposits: the greater the share, the more susceptible a bank is to a run. For instance, at SVB, where 92.5% of deposits were uninsured, the deposit outflow caused the bank to collapse in a span of only two days. The authors of the study calculated that 186 American banks do not have enough assets to pay all customers if even half of uninsured depositors decide to withdraw their money. “Our calculations suggest these banks are certainly at a potential risk of a run, absent other government intervention or recapitalization… Overall, these calculations suggest that recent declines in bank asset values very significantly increased the fragility of the US banking system to uninsured depositor runs,” the economists concluded, noting that the number of banks at risk could be “significantly” larger if “uninsured deposit withdrawals cause even small fire sales.”

SVB’s failure sent ripples across the entire US banking industry and caused the closure of another lender, Signature Bank. 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. Earlier this week, the 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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BlackRock denies being involved.

• UBS Seeks $6 Billion Government Backstop In Credit Suisse Takeover (ZH)

As negotiations drag on late on Saturday night local time, Bloomberg reports that liabilities at the Credit Suisse investment bank are proving to be a key sticking point in the takeover talks (“UBS is worried about the balance sheet risk associated with the investment bank, which has suffered a string of losses and scandals in recent years”), with Reuters adding that UBS is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse. The $6 billion in guarantees “would cover the cost of winding down parts of Credit Suisse and potential litigation charges.” There are other snags: one sources cautioned that the talks to resolve the crisis of confidence in Credit Suisse are encountering significant obstacles, and 10,000 jobs may have to be cut if the two banks combine.

Meanwhile, with UBS facing pressure from the Swiss authorities to carry out a takeover of its local rival as soon as possible to get the crisis under control, the FT reported that Switzerland is preparing to use emergency measures to fast-track the deal, the Financial Times reported, citing two people familiar with the situation. The banking sector’s fundamentals are stronger and the global systemic linkages are weaker than during the 2008 global financial crisis, Goldman analyst Lotfi Karoui wrote in a late Friday note to clients. That limits the risk of a “potential vicious circle of counterparty credit losses,” Karoui said. “However, a more forceful policy response is likely needed to bring some stability,” Karoui said. The bank said the lack of clarity on Credit Suisse’s future will pressure the broader European banking sector.

A senior official at China’s central bank said on Saturday that high interest rates in the major developed economies could continue to cause problems for the financial system. Elsewhere, there were multiple reports of interest for Credit Suisse from other rivals. Bloomberg reported that Deutsche Bank was looking at the possibility of buying some of its assets, while U.S. financial giant BlackRock denied a report that it was participating in a rival bid for the bank.

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” We ask them to pay higher taxes, while cutting public services..”

• Britons Facing ‘Disastrous Decade’ – Report (RT)

Real wages in the UK will not return to their 2008 level until 2026 despite an easing of inflation, the Resolution Foundation, an independent think tank, reported this week in its analysis of the new budget. According to the report, the country is on track for a “disastrous decade” of stagnant incomes and high taxes, with cuts to public services. The publication highlighted that real wages fell at an annual rate of 3.9% in January, noting that the bigger picture for wages is “one of long-term pay stagnation.” The decrease in household disposable incomes this year and next are the worst in a century, the think tank stressed. “Britain’s economy remains stuck in a deep funk – with people supported into work but getting poorer, and paying more tax but seeing public services cut,”it wrote.

The UK is forecast to have gone through “the biggest energy and inflation shock since the 1970s, while avoiding a recession, with unemployment peaking at just 4.4%,” Resolution Foundation added. According to the study, taxes as a share of GDP are expected to hit 37.7% by the end of the forecast period, representing a 70-year-high and a 4.7% increase since 2019-2020.

The freeze on income tax thresholds since 2022-23 means that typical households will be worse off by £1,110 ($1,337) by 2027-28 when the freeze ends, it noted. Torsten Bell, chief executive of the Resolution Foundation, stated that “Jeremy Hunt’s first budget was a much bigger affair than many expected, combining improvements to the dire economic and fiscal outlook with a significant policy package aimed at boosting longer-term growth in general, and the size of the workforce in particular. “But stepping back, the UK’s underlying challenges remain largely unchanged. We are investing too little and growing too slowly. Our citizens’ living standards are stagnant. We ask them to pay higher taxes, while cutting public services,” he concluded.

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GMOs and vaccines.

• Massie Asks A Reasonable Question (Denninger)

Pertaining to GMOs and what we’ve learned about genetically engineering viruses. Should the results of the genetically engineered virus give us concern about genetically modifying seeds/food? The clear answer is yes, for the following reasons: Everyone involved lied about the SARS-CoV2 origins. Ecohealth got caught lying quite early on when DRASTIC was exposed; DARPA turned down their requested program to engineer and test modified coronaviruses in Chinese caves, and among the slams in that refusal was the fact that the population of the nation in question were effectively not being asked for their consent. That Ecohealth arrogated to itself the right to test a genetically-modified organism on someone else’s soil without the informed consent of the people residing there was sufficient grounds to destroy the organization and jail every single person involved. DARPA has no authority to do that, but our DOJ does and didn’t.

The deception did not stop there; Fauci claimed that NIH wasn’t actually funding said research when it was, and we now know he was lying. He didn’t go to jail for that either, did he? That the virus was clearly engineered was known very early on because it contained a patented sequence and, in addition, had another sequence in it that never occurs in nature. The latter is routinely used by virus labs for this exact reason; if you put a virus through some process (e.g. through a cell line) and that sequence comes out the other end you know what you did worked because it can’t occur naturally. That this was present in SARS-CoV2 was known within weeks of its alleged “arrival” in the US. Everyone involved lied about when Covid was first “out” in the population. This was known too.

When it first arrived in Washington State and NY, along with the outbreak in Italy, we knew that the strain in NY was not the same as the one on the west coast; it was instead essentially the same as that in Italy. We also knew at that point from the mutational rate it had to be in the wild no later than roughly the end of September of 2019. I posted on this at the time and we later proved this was correct because analysis of blood donated during the first week of December of 2019 detected antibodies specific to SARS-CoV2 which, at the time (there were no jabs of course) could have only occurred if the person who donated the blood had become previously infected and survived There were plenty of additional lies but those are enough. GMOs are typically engineered so as to provide resistance to herbicides.

Round-up ready seeds, for example, are GMO’d so the plants are not killed by glyphosate where a non-GMO plant is. This allows glyphosate (“RoundUp”) to be used as a pre-emergent and post-emergent weed killer in fields without destroying the crop, and that in turn increases crop yields. However this also means that the seeds then are patented and, because a farmer cannot completely control exactly where everything he puts on a crop ends up it effectively forces all the other farmers around him to buy the same Round-up resistant seeds or risk their crop’s damage or destruction from drift of the spray. I will note that 15 USC Chapter 1 states that it is a criminal felony to attempt to restrain trade or engage in a monopoly practice where market power is implicated.

Effectively forcing the next farmer over to buy your GMO seeds lest his crop be damaged or destroyed when the spraying occurs is pretty-much the description of such felonious conduct, yet it goes on every single day and not one person has gone to prison for it. That right there is enough reason for me to be “concerned”, but what adds to that concern is that there have been repeated claims that these herbicides in particular are “safe.” Are they? We don’t know. The EPA says “no” to cancer risks in particular but on the other hand there are many lawsuits over exposure to it and non-Hodgkin’s lymphoma and Bayer/Monsanto has entered into an $11 billion dollar settlement. Clearly they were concerned they might lose; nobody tosses that sort of money around otherwise.

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Jon Stewart Summers

 

 

This silver statue featuring Goddess of Beauty, Yang’asha, worshipped by the Miao people in SW China’s Guizhou, is 88 meters high. Yang’asha is the symbol of fighting for true love in Miao culture.

 

 


This fifty-foot sculpture was unveiled recently in South Dakota. It’s called ‘Dignity’ and was done by artist Dale Lamphere to honor the women of the Sioux Nation.

 

 

Genius cat
https://twitter.com/i/status/1637044120031211521

 

 

 

 

 

 

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

 

 

 

 

 

Debt Rattle March 18 2023

Mar 182023
 
 March 18, 2023  Posted by at 9:16 am Finance Tagged with: , , , , , , , ,  44 Responses »


Leonardo da Vinci A Copse of Trees 1508

 

• Xi Jinping To Make State Visit To Russia On March 20-22 – Kremlin (TASS)
• US and Other Western Nations Wary Of Xi’s Trip To Moscow (SCMP)
• Kissinger Assesses China-brokered Deal Between Saudi Arabia And Iran (RT)
• International Criminal Court Issues Arrest Warrant For Putin (TASS)
• The Gathering Storm (Macgregor)
• Kiev Issues Warning To Countries That Don’t Support Ukraine (RT)
• US ‘Obviously’ Blew Up Nord Stream – French Politician (RT)
• US ‘Taking Close Look’ At Drone Operations – CNN (RT)
• Russian Forces Block Ukrainian Army From Leaving Bakhmut (TASS)
• EU States Using Ukraine To Dispose Of Old Weapons – Kremlin (RT)
• Putin Says Crimea’s Reunification With Russia Was Historic Event (TASS)
• ‘Foreign Agent’ Rules: The End Of Globalization As We Knew It (Lukyanov)
• Using NGOs In Hybrid Wars Favorite Method Of Russia’s Enemies – Medvedev (TASS)
• Twitter Pushed To Censor ‘True Stories’ On Covid – Twitter Files (RT)
• SVB + FTX + SBF = WTF? (Kunstler)
• Swiss Government Discussing Merging UBS & Credit Suisse (Az.)
• US Security Forces Brace For Possible Trump ‘Arrest’ (RT)

 

 

 

 

RFK military operation

 

 

 

 

Mappin
https://twitter.com/i/status/1636520757328064513

 

 

mRNA victims

 

 

Orthodox

 

 

 

 

Watters Hallie Schweizer
https://twitter.com/i/status/1636524966958039040

 

 

Orban peace

 

 

 

 

Xi arrives on the 20th anniversary of the US invasion of Iraq.

Labeling this an official state visit means documents have been prepared that are ready to be signed. By all parties, including US and Ukraine.

US and EU can say that China should join the world community vs Russia, but it’s Xi who speaks for the majority.

• Xi Jinping To Make State Visit To Russia On March 20-22 – Kremlin (TASS)

Chinese President Xi Jinping will make a state visit to Russia from March 20-22 at the invitation of President Vladimir Putin, the Kremlin press service said in a statement on Friday. According to the statement, the two leaders will discuss “pressing issues related to the future of relations of comprehensive partnership and strategic interaction between Russia and China.” The parties are also expected to exchange views on ways to enhance Russian-Chinese cooperation on the international stage. In addition, the Kremlin press service specified that “a number of important bilateral documents will be signed” during the Chinese leader’s visit. Putin and Xi Jinping last met in person on the sidelines of a Shanghai Cooperation Organization (SCO) summit in the Uzbek city of Samarkand in September 2022.


In late December, Putin held a video conference call with Xi Jinping, inviting him to make a state visit to Moscow in the spring of 2023. Earlier in March, Xi Jinping was re-elected as Chinese president for a third five-year term. Putin said in his congratulatory message that Moscow and Beijing would continue coordination on key issues. The Russian president also expressed confidence that together with the Chinese president, he would be able to boost cooperation between the two countries in various fields. Following the 20th National Congress of the Communist Party of China in October 2022, Xi Jinping was also re-elected as General Secretary of the party’s Central Committee for a third time. That said, this will be his first visit to Russia since the re-election.

Ritter Xi

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“If China brokers peace here like it just did with Saudi and Iran, it’s a new world order, instantly.”

• US and Other Western Nations Wary Of Xi’s Trip To Moscow (SCMP)

Washington and other Western capitals reacted warily on Friday to the announcement of Chinese President Xi Jinping’s visit to Russia next week, with the US “deeply concerned” Beijing could try to pose as a peacemaker by promoting an immediate ceasefire in the war in Ukraine. Both Beijing and the Kremlin confirmed on Friday that Xi will make a state visit to Russia from Monday to Wednesday to meet with Russian President Vladimir Putin. It will be Xi’s first foreign trip since he secured an unprecedented third term as China’s president last week. His face-to-face talks with Putin are widely expected to have broad implications for the war, now in its second year, and China’s already tense relationship with the US.

But its significance grew further on Friday after pressure grew on Putin: the International Criminal Court in The Hague, the Netherlands, issued an arrest warrant for him over the war crime of illegally deporting Ukrainian children to Russia. Additionally, Turkey, after blocking Finland’s application to join Nato in the wake of Russia’s invasion, agreed to support it. Putin has maintained that Nato is a threat to Russia. Beijing’s foreign ministry described the trip as a “visit of friendship, cooperation and peace”. Washington, though, sees it as a potentially harmful reframing of the conflict. The Chinese might promote a ceasefire and “try to couch themselves as peacemakers and as … the only ones calling for the fighting to stop”, National Security Council spokesman John Kirby said. “We have deep concerns about that, because of what it actually means in terms of benefiting Russia at the expense of Ukraine,” he said.

“That’s why we’re expressing these concerns even before the visit.” The US position is that any ceasefire that freezes positions on the ground would validate Russia’s seizing of Ukrainian territory and give it a chance to rebuild its forces for further attacks. “We don’t support calls for a ceasefire right now,” Kirby said. “We certainly don’t support calls for a ceasefire that would be called for by the PRC [People’s Republic of China] in a meeting in Moscow that would simply benefit Russia.” He criticised Beijing for not joining the rest of the international community in supporting Ukraine. “We would certainly hope that they would. But we’ll see what comes out of this meeting,” he said. Britain also said that any peace deal not predicated on Ukraine’s sovereignty and self determination was no peace deal at all.

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“China has in recent years declared that it needs to be a participant in the creation of the world order. It has now made a significant move in that direction..”

• Kissinger Assesses China-brokered Deal Between Saudi Arabia And Iran (RT)

China has taken a major step towards its goal of becoming a participant in the shaping of the world order, former US Secretary of State Henry Kissinger has said. The veteran diplomat was commenting on the recent landmark deal between Saudi Arabia and Iran, which Beijing mediated. Riyadh and Tehran agreed to restore diplomatic relations after a seven-year pause during talks in Beijing a week ago. In comments cited by the Washington Post on Thursday, Kissinger said the development is “a substantial change in the strategic situation in the Middle East.” The Saudis, who have been among Washington’s closest allies in the Middle East for decades, “are now balancing their security by playing off the US against China,” he explained.

According to Kissinger, Riyadh’s actions are comparable to what he himself accomplished in the early 1970s when, as secretary of state in the Nixon administration, he helped achieve rapprochement with Beijing amid its tensions with Moscow. The Saudi-Iranian deal will also complicate matters for Israel, as “pressure on Iran will now have to take into account Chinese interests,” he said. Israel remains increasingly concerned about Tehran’s alleged nuclear weapon program, and has warned of potential pre-emptive strikes against Iranian targets. “China has in recent years declared that it needs to be a participant in the creation of the world order. It has now made a significant move in that direction” by persuading Saudi Arabia and Iran to negotiate, Kissinger said.

The author of the article, Washington Post foreign affairs columnist David Ignatius, also acknowledged that “the US is no longer the indispensable power in the region – the only country strong or supple enough to broker peace deals.” “China has claimed a share of that convening power” by playing the role of mediator on this scale for the first time, he wrote. Another major regional player, the United Arab Emirates, is also “courting” Beijing, Ignatius said. Chinese President Xi Jinping stated earlier this week that Beijing should “actively participate in the reform and construction of the global governance system” and promote “global security initiatives.” In doing so, China will add “positive energy to world peace and development,” he added.

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Russia was (is) moving Ukrainian children out of the line of fire. Where Ukraine let them remain. The west now talks of “re-education camps”..

“Who would have thought 15 years ago, that taking care of children, saving them and treating them, would become criminally punishable in the West.” – Maria Zakharova

• International Criminal Court Issues Arrest Warrant For Putin (TASS)

The International Criminal Court has issued arrest warrants for Russian President Vladimir Putin and Russia’s Children’s Rights Commissioner Maria Lvova-Belova, the court said in a statement on Friday. The statement said they could be responsible “for the war crime of unlawful deportation of population (children) and that of unlawful transfer of population (children) from occupied areas of Ukraine to the Russian Federation.” ICC arrest warrants are usually secret in order to protect victims and witnesses and also to safeguard the investigation. However, the court stated that it authorized the public disclosure of the existence of the warrants, the names of the suspects and the crimes for which the warrants are issued, because “the conduct addressed in the present situation is allegedly ongoing, and that the public awareness of the warrants may contribute to the prevention of the further commission of crimes.”


Kremlin Spokesman Dmitry Peskov said earlier, when he commented on potential ICC cases against Russia, that Russia doesn’t recognize the court’s jurisdiction. Russian Foreign Ministry Spokeswoman Maria Zakharova, in comments on the information from the Hague, said decisions of the court have no consequence in Russia and any potential arrest warrants are null and void. The International Criminal Court was established by the Rome Statute in 1998. It’s not part of the UN and is accountable to the countries that have ratified the statute. The countries that aren’t parties to the statute include Russia (signed, didn’t ratify), the US (signed, then revoked signature) and China (didn’t sign). Putin signed an executive order in 2016 that stated Russia wouldn’t be a member of the ICC. According to a statement by the Russian Foreign Ministry, the court didn’t live up to expectations and failed to become a truly independent organization for international justice. The US expressed strong displeasure with the court in 2020, after ICC prosecutors indicated they would investigate crimes by US servicemen in Afghanistan.

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“Biden’s policy of forcibly pushing NATO to Russia’s borders forged a strong commonality of security and trade interests between Moscow and Beijing that is attracting strategic partners in South Asia like India, and partners like Brazil in Latin America.”

• The Gathering Storm (Macgregor)

The crisis of American national power has begun. America’s economy is tipping over, and Western financial markets are quietly panicking. Imperiled by rising interest rates, mortgage-backed securities and U.S. Treasuries are losing their value. The market’s proverbial “vibes”—feelings, emotions, beliefs, and psychological penchants—suggest a dark turn is underway inside the American economy. American national power is measured as much by American military capability as by economic potential and performance. The growing realization that American and European military-industrial capacity cannot keep up with Ukrainian demands for ammunition and equipment is an ominous signal to send during a proxy war that Washington insists its Ukrainian surrogate is winning.

Russian economy-of-force operations in southern Ukraine appear to have successfully ground down attacking Ukrainian forces with the minimal expenditure of Russian lives and resources. While Russia’s implementation of attrition warfare worked brilliantly, Russia mobilized its reserves of men and equipment to field a force that is several magnitudes larger and significantly more lethal than it was a year ago.Russia’s massive arsenal of artillery systems including rockets, missiles, and drones linked to overhead surveillance platforms converted Ukrainian soldiers fighting to retain the northern edge of the Donbas into pop-up targets. How many Ukrainian soldiers have died is unknown, but one recent estimate wagers between 150,000-200,000 Ukrainians have been killed in action since the war began, while another estimates about 250,000.

Given the glaring weakness of NATO members’ ground, air, and air defense forces, an unwanted war with Russia could easily bring hundreds of thousands of Russian Troops to the Polish border, NATO’s Eastern Frontier. This is not an outcome Washington promised its European allies, but it’s now a real possibility. In contrast to the Soviet Union’s hamfisted and ideologically driven foreign policymaking and execution, contemporary Russia has skillfully cultivated support for its cause in Latin America, Africa, the Middle East, and South Asia. The fact that the West’s economic sanctions damaged the U.S. and European economies while turning the Russian ruble into one of the international system’s strongest currencies has hardly enhanced Washington’s global standing.

Biden’s policy of forcibly pushing NATO to Russia’s borders forged a strong commonality of security and trade interests between Moscow and Beijing that is attracting strategic partners in South Asia like India, and partners like Brazil in Latin America. The global economic implications for the emerging Russo-Chinese axis and their planned industrial revolution for some 3.9 billion people in the Shanghai Cooperation Organization (SCO) are profound.

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“..while Kuleba was “trying to clumsily intimidate the world community,” he was simultaneously publishing announcements on his ministry’s website searching for “anyone who could represent the Kiev regime at the ambassador level abroad.”

• Kiev Issues Warning To Countries That Don’t Support Ukraine (RT)

Ukraine will remember those who backed it in its conflict with Russia and will hold those who did not accountable, Ukrainian Foreign Minister Dmitry Kuleba warned in a BBC interview on Friday. The choices every nation made during Russia’s military operation in Ukraine will be “taken into account in building future relations,” Kuleba said, adding that countries that have “misbehaved in the course of this war and mistreated Ukraine” would pay a price. “If anyone in the world thinks that the way this or that country behaved – or treated Ukraine at the darkest moment of its history – will not be taken into account in building future relations, these people just don’t know how diplomacy works,” he stated, noting that “war is a time when you have to make a choice. And every choice has been recorded.”

The minister also blasted the West for not giving Ukraine weapons fast enough, pointing out that every day weapons are not delivered is a day some Ukrainian soldiers die on the frontline. Russia responded to Kuleba’s statement by noting that everything he said had already long been understood by Ukrainian citizens, which is why they are fleeing even from the Ukrainian Foreign Ministry. Russian Foreign Ministry spokeswoman Maria Zakharova wrote in a Telegram post that while Kuleba was “trying to clumsily intimidate the world community,” he was simultaneously publishing announcements on his ministry’s website, searching for “anyone who could represent the Kiev regime at the ambassador level abroad.”

“Even though there is a foreign currency salary, it seems there is no one to be found,” Zakharova said. Meanwhile, Russia has pointed out that more and more UN member states are beginning to question the true nature of the conflict between Moscow and Kiev as they grow more skeptical of the West’s calls for peace in Ukraine. “Very quickly it has become obvious that it’s not Russia and Ukraine that are fighting in Ukraine right now. It’s a NATO proxy war against Russia with the hands of the Ukrainians, until the last Ukrainian,” Dmitry Polyansky, the deputy head of Moscow’s mission to the UN, said last week.

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Violent protests in France over Macron unilaterally pushing through pension reforms.

• US ‘Obviously’ Blew Up Nord Stream – French Politician (RT)

French party leader Florian Philippot believes it has long been obvious that the United States was behind last year’s sabotage of the Nord Stream pipelines, which were built to deliver Russian natural gas to Western Europe. “Even before the war in Ukraine, the US for years fought against Nord Stream, it was a permanent part of their policy,” he told RIA Novosti in an interview published on Friday. “In early February 2022, [US President Joe] Biden said the Americans could make it so that the pipeline was no more. That’s what happened. And it was in the interest of the Americans,” according to Philippot, who heads the right-wing ‘The Patriots’ party in France. Last month, veteran investigative journalist Seymour Hersh reported that Biden personally ordered the bombing of the pipelines, and that Norway assisted in the sabotage.

He cited an unnamed source and supported his case using some of the same arguments as Philippot. Biden remarked that “there will be no longer a Nord Stream 2” during a joint press conference with German Chancellor Olaf Scholz in early February 2022. Hersh also claimed that Biden allowed US special services to classify the operation in a way that justified not informing the US Congress about it beforehand. Nord Stream 2 is the name of the second, newer pipeline, which was meant to greatly expand the capacity of the original Nord Stream, but was never operational. Both were disabled by sabotage. Philippot said he considered US culpability “obvious” even before Hersh’s revelations, but was not sure about Norway’s role.

He reasoned that Oslo had a motive since it “competes with Russia in gas trade, and many European nations replaced the Russian gas with Norwegian.” Both the US and Norway have denied any responsibility. Philippot also urged France to leave NATO, saying the military alliance “needs to be disbanded because it has no reason to exist.” “We have to stop this agenda of world war against Russia and China, it is absolutely insane,” he told the Russian news outlet, blaming the US for increasing global tensions. He also called French President Emmanuel Macron a deceitful leader. His government “prioritizes the US, and not its own people,” Philippot stated. He cited Macron’s decision to send billions of dollars worth of weapons and ammunition to Kiev, even as he is pushing through an unpopular pension reform, claiming a lack of money to fund social programs.

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“..the US is now “weighing the costs and benefits” of further drone operations..”

That took just one drone…

• US ‘Taking Close Look’ At Drone Operations – CNN (RT)

The US is weighing the benefits and risks of drone flights over the Black Sea after losing an unmanned aircraft there while being chased by Russian interceptors, CNN reported on Thursday, citing sources. On Tuesday, Washington claimed that two Russian Su-27 fighters dumped fuel on a MQ-9 Reaper drone conducting a reconnaissance flight in the area, with one jet later colliding with the US aircraft. Moscow’s Ministry of Defense, however, dismissed the accusation, insisting that its interceptors had neither come into contact with the Reaper nor fired a weapon, saying that the drone crashed due to “sharp maneuvers.” Several officials have told CNN that the US is now “weighing the costs and benefits” of further drone operations.

At the same time, Washington has not entirely halted flights while the review is underway, the report says, and another Reaper was sent to monitor Russian forces searching for the debris. Pentagon officials say they are “taking a close look” at US drone routes and at ways to reduce the risk of clashing with Moscow’s military in the area. They are also said to be analyzing the potential intelligence benefits of such missions compared with the danger of escalation. One senior official told CNN the US was concerned that curbing drone activities could adversely affect intelligence gathering related to the Ukraine conflict. However, the US could still rely on other assets such as satellites, the report states.

Despite the ongoing review, Washington is considering flying another drone over the Black Sea in the near future, US officials said, without providing further detail. The US has significantly ramped up intelligence operations close to Russian borders, seeking to provide Ukraine with valuable data. Moscow has repeatedly insisted that such activities make the US a direct party to the conflict. On Friday, former Russian President Dmitry Medvedev, who now serves as deputy chairman of the Security Council, blasted the US for sending its drone into the restricted flight Moscow has imposed due to the Ukraine conflict. “To put it simply, the Americans went way out of line, and there is no need to stand on ceremony with them,” he said, while recognizing the value of contacts between the Russian and US militaries.

Nap/Ritter

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They can leave, but not fully armed.

• Russian Forces Block Ukrainian Army From Leaving Bakhmut (TASS)

Russian forces are steadily advancing in Artyomovsk (known as Bakhmut in Ukraine) having thwarted the attempted withdrawal of several Ukrainian army units, acting head of the Donetsk People’s Republic (DPR) Denis Pushilin said on Friday. “We saw that several Ukrainian army units tried to get out of there, but they were thwarted by our forces,” he said in an interview with Russia’s Channel One. “The situation is steadily developing toward the liberation of this settlement.” Artyomovsk is located in the Kiev-controlled part of the Donetsk People’s Republic (DPR). Fierce fighting for control of the city is underway. According to the latest data, Russian forces have blocked or taken control of all paved roads to the city while the nascent spring mud season is complicating logistics efforts to supply the Ukrainian army with fresh ammunition and personnel.

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“.. the jets were retired last year, and several reports suggested that they were mostly not in operational condition…”

• EU States Using Ukraine To Dispose Of Old Weapons – Kremlin (RT)

Plans by Poland and Slovakia to send Soviet warplanes to Ukraine look like attempts to dispose of antiquated equipment, Kremlin spokesman Dmitry Peskov said during his Friday press briefing. “This is another example of how a number of NATO member states, including Poland, are raising their direct involvement in the conflict,” he announced, reacting to the recent announcements that Warsaw and Bratislava would send Soviet-designed MiG-29 warplanes to Kiev. Peskov added that it would not affect the outcome of Russia’s military operation but instead “may lead to additional suffering for Ukraine itself and its people.” “It seems like these countries [Poland and Slovakia] are just disposing of old equipment they no longer need,” Peskov said. The MiG-29 was designed in the 1970s and entered service in the 1980s.

Warsaw’s plan to transfer four of the MiG-29 fighters to Kiev “in the next few days” was announced by Prime Minister Mateusz Morawiecki earlier this week. This makes Poland the first NATO country to pledge warplanes to Ukraine. The country has 28 MiG-29s, but it is unclear how many of them are in working condition, as the country has sought to update its air force with US- and South Korean-made fighters. Slovakia, also a NATO member, similarly announced on Friday that it would send 13 of its MiGs to Kiev. However, the jets were retired last year, and several reports suggested that they were mostly not in operational condition.

Ukraine has been requesting warplanes, specifically American-made F-16s for its military, but US President Joe Biden said in January that they were not planning to send any over. German Chancellor Olaf Scholz similarly stated the same month that Berlin was not even discussing transferring its own F-16s. French President Emmanuel Macron has sounded more vague, saying in January that he would not rule out sending fighter jets to Ukraine. UK Prime Minister Rishi Sunak announced in February that London would be training Ukrainian pilots, adding that there was still no decision on actually sending Western-made fighter jets to Kiev. Moscow has warned on numerous occasions that arming Ukraine was akin to playing with fire and that Western countries had practically already become a party to the conflict.

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9 years ago.

• Putin Says Crimea’s Reunification With Russia Was Historic Event (TASS)

Russian President Vladimir Putin took the opportunity on Friday to congratulate all citizens of Russia with the upcoming anniversary of Crimea’s reunification with Russia, calling it a historic event. “I want to congratulate the citizens of Crimea, Sevastopol and all citizens of our country with the Day of Crimea’s Reunification with Russia,” Putin said, opening a session on the socio-economic development of Crimea and Sevastopol. March 16, 2023 marks nine years since the Crimean referendum, where the majority of citizens of Crimea and Sevastopol voted in favor of reunification with Russia.


After Ukrainian President Viktor Yanukovich was ousted in a coup in February 2014, mass protests erupted in Crimea and eastern Ukraine. On March 11, 2014, Crimea’s Supreme Council and Sevastopol City Council adopted a declaration of independence. On March 15, 2014, the Crimean authorities held a referendum on reuniting with Russia. Most voters supported the idea (96.77% in Crimea and 95.6% in the city of Sevastopol), with turnout reaching 80%. On March 18, 2014, Russian President Vladimir Putin signed the treaty on Crimea’s reunification with Russia. Ukraine, the United States and the European Union refused to recognize Crimea’s independence and its decision to reunite with Russia.

Read more …

“..The idea that cross-border funding of NGOs is not only acceptable, but normal and necessary, has become a product and a feature of the era of liberal globalization..”

• ‘Foreign Agent’ Rules: The End Of Globalization As We Knew It (Lukyanov)

Georgia hit the headlines early this month over the government’s attempt to pass a law on “foreign agents.” The draft bill (there were actually two of them) was eventually withdrawn and the issue taken off the agenda for the time being. The case is unusual because the Georgian leadership – far from being pro-Russian and anti-Western – has suddenly been relegated to this niche by the international media. Of course, everything is black-and-white these days, but the general topic is interesting in a wider context. The concept of a “foreign agent,” which was introduced in the US on the eve of World War II to counter enemy propaganda, has found new life in the 21st century. Until recently, it was mainly used in polemics between Russia and the West.

The latter accused Moscow of using the status to remove dissenters from the public space. Meanwhile, the Kremlin’s argument that the public has a right to know about foreign money being spent domestically is dismissed as a mere justification for restricting freedoms. The argument goes that “civil society” has the right to be funded “independently.” Herein lies a fundamental contradiction that we are now likely to see everywhere more and more. The idea that cross-border funding of NGOs is not only acceptable, but normal and necessary, has become a product and a feature of the era of liberal globalization. This view of civil society has been logically derived from the conceptual approach itself. If the aim is to remove trade, economic and, ideally, political barriers and to create a single global regulatory space, then non-governmental structures must either have no national affiliation at all or be connected with international organizations as much as possible.

This contradicts the classical notion of civil society, the essence of which is precisely its bottom-up origin, i.e., that it should emerge domestically. However, the West believes the top-down approach is a good thing – when it suits it, of course. Five years ago, US doctrine enshrined the return of great power rivalry as the core content of international politics. It drew a line under the previous period, which was more open. If this is the essence of world politics, then all the instruments are in play, and all the old themes, such as “money has no nationality” and “let information circulate without barriers,” can no longer be understood outside this context. Over the past couple of decades, there has indeed been a high degree of openness on the part of states to both socio-political and information activities. This is partly due to the significant increase in the number of embassy staff after the Cold War – where the scope of work, including with civil society, has expanded.

The impressive scale of mutual expulsions of diplomats after 2018 is linked to the collapse of relations, but also has an objective basis. Embassies are returning to more classical, i.e., narrower tasks, and there is no reason to have so many staff present. The same phenomenon applies to restrictions on media activity, which was relatively freely tolerated after the end of the Cold War. However, the atmosphere in this area has changed as the dominance of Western sources in the information space has been challenged by other players. In Western Europe and the US, measures against Russian and, to some extent, Chinese news channels have been explained by the fact that they are state-funded, while many of those from the West are private, in addition to their own state media.

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“To create organizations under benign covers, which actually seek to destabilize the situation in the country, to undermine stability in civil society..”

• Using NGOs In Hybrid Wars Favorite Method Of Russia’s Enemies – Medvedev (TASS)

Russian Security Council Deputy Chairman Dmitry Medvedev noted that using nonprofit organizations in hybrid wars is the favorite method of certain states that are hostile to Russia. The politician called “not to be shy” and to decisively thwart the operation of such structures. “We know that the favorite method of our enemies – all types – is to use nonprofits in hybrid wars. To create organizations under benign covers, which actually seek to destabilize the situation in the country, to undermine stability in civil society. We have seen many examples of this. These methods have been honed to perfection,” Medvedev said, speaking at a Ministry of Justice board meeting Friday. Medvedev noted that the Ministry has already created special measures for nonprofits, including publication of reports online.


“It is necessary to continue fine-tuning the law in this area, to prevent unfair competition, to introduce principles of openness and transparency, and streamline corporate management of nonprofit organizations,” he listed.Achieving balance and security in this area is of key importance, the official explained. “Thus, on the one hand, it is necessary to create comfortable conditions for normal, good-faith nonprofits, whose operation truly benefits the state and society. And, on the other hand – to brutally thwart the operation of structures, whose operation runs counter to Russia’s interests,” he noted. In this regard, one “should not be shy and should use all the necessary legal instruments,” Medvedev believes.

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“As Orwellian proof-of-concept, the Virality Project was a smash success..”

• Twitter Pushed To Censor ‘True Stories’ On Covid – Twitter Files (RT)

A government-linked academic group pushed Twitter to censor factually correct stories about Covid-19 if they risked “fueling hesitancy” about vaccines, according to the latest batch of internal documents released by the platform’s new owner, Elon Musk. Published by journalist Matt Taibbi on Friday, the documents show that from February 2021 onwards, senior Twitter management – including former trust and safety chief Yoel Roth – signed up to a Stanford University initiative that would alert them to the latest “vaccine-related disinformation narratives” spreading on the platform.

Titled ‘The Virality Project,’ the initiative was led by a former CIA employee and comprised academics from several universities, as well as researchers from organizations funded by the Pentagon, the National Science Foundation, and the US State Department. The Virality Project also stated on its website that it “built strong ties” with the Office of the Surgeon General, the Centers for Disease Control and Prevention, and the Department of Homeland Security, among other agencies and departments. In its briefings to Twitter, the Virality Project recommended that “true content which might promote vaccine hesitancy” – such as stories of side effects and certain vaccines being banned abroad – be censored. Posts raising concern about vaccine mandates were viewed as “anti-vax” misinformation, while “just asking questions” was deemed “a tactic commonly used by spreaders of misinformation,” and posting about the “surveillance state” was deemed a bannable “conspiracy” theory.

It is unclear how often Twitter acceded to the Virality Project’s demands, though Taibbi said that within a month, the platform’s staff began using the project’s recommendations when evaluating content to censor. At the time, Twitter’s rules on Covid-19 “misinformation” required a specific post to be “demonstrably false,” while permitting “strong commentary,” opinion writing, and satire. The Virality Project, however, urged Twitter management to ban “repeat offenders” before they even made new posts. Sharing the leaked emails of White House coronavirus czar Anthony Fauci could “exacerbate distrust in Dr. Fauci and in US public health institutions,” the Virality Project warned in a June 2021 briefing, while a follow-up report highlighted the spread of “worrisome jokes” about harassing the door-to-door vaccine promoters deployed by the administration of US President Joe Biden.

“As Orwellian proof-of-concept, the Virality Project was a smash success,” Taibbi wrote on Friday. “Government, academia, and an oligopoly of would-be corporate competitors organized quickly behind a secret, unified effort to control political messaging.” Since purchasing Twitter in October and installing himself as the platform’s new CEO, Musk has been releasing regular batches of internal documents and communications in a bid to shed light on its previously opaque censorship policies. A tranche of files released in December revealed that Twitter censored “legitimate content” on Covid-19 at the direct request of the White House.

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“Money dies when it loses its direct connection to the generation of wealth from the real things of this earth..”

• SVB + FTX + SBF = WTF? (Kunstler)

As if all the operations around finance in this land were not already unsound and degenerate enough, the alleged president just cancelled moral hazard altogether. It’s now official: from here forward there will be no consequences for banking fraud, poor decision-making, fiduciary recklessness, self-dealing, or any of the other risks attendant to the handling other people’s money. Bailing out the Silicon Valley Bank and Barney Frank’s deluxe Signature Bank means that the government will now have to bail out every bank every time something goes wrong. The trouble, of course, is that the government doesn’t have the means to bail out every bank. Its only resort is to ask the Federal Reserve to summon new money from a magic ether where the illusion of wealth is conjured to paper-over ever greater fissures in the splintering matrix of racketeering that America has become.

That will quickly translate into US dollars losing value, that is, accelerating inflation, which is how nature punishes you when your government lies and pretends that it has a bad situation well-in-hand. Be advised: the situation is not in-hand and is going to get a whole lot worse as new and subsidiary shocks thunder through the weeks and months ahead, until the whole wicked business blows. Likewise, the reactions of our government will only get more tragi-comically pathetic. The harder this gang of feckless, wannabe control freaks pretends to control events, the faster events spin out of control. Money dies when it loses its direct connection to the generation of wealth from the real things of this earth: fuels, crops, metals, materials, labor, and the value-added products made from them.

Since that divorce has already happened, the need arises for something else that can function as money (a store of wealth, an index of value, and a medium of exchange). The government will pretend that a Central Bank Digital Currency is that something else. Since banking is now nationalized by the Federal Reserve backstopping everything and everybody, then theoretically all the wealth of the nation is under its command. That would be another illusion. This CBDC would not be “money” representing wealth because America’s wealth is going, going, gone, pissed away, falling apart, de-laminating, oxidizing, rusting in the rain, going up in a vapor. Think of all those mortgaged cars on the road racking up the mileage until they’re worthless and all those mortgaged suburban houses built out of particle-board and vinyl smeared all over the landscape, decomposing into their constituent chemicals — over time, a dead loss. And that’s what’s left of our American Dream: coldcocked by entropy and, by extension, the laws of the universe.

Yellen

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Credit Suisse was back tanking yesterday.

• Swiss Government Discussing Merging UBS & Credit Suisse (Az.)

UBS Group AG and Credit Suisse Group AG are opposed to a forced combination, even as scenario planning for a government-orchestrated tie-up continues, according to people with knowledge of the matter, Report informs referring to Bloomberg. UBS would prefer to focus on its own wealth-centric standalone strategy and is reluctant to take on risks related to Credit Suisse, the people said, asking not to be identified as the deliberations are private. Its smaller rival is seeking time to see through its turnaround after winning a liquidity backstop from the central bank, they said.


Credit Suisse arrested a collapse in investor confidence on March 16 after winning a 50 billion franc ($54 billion) credit line from the Swiss National Bank. That came after the Swiss lender had appealed to authorities for a public show of support following an unprecedented slump in the shares. With investors jittery after the collapse of Silicon Valley Bank, comments by Credit Suisse’s largest shareholder that it wasn’t willing to invest more in the bank were enough to provoke a deep selloff.

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They’re really scared of him. He’s polling well compared to DeSantis. And New York is as Dem as they come. But really? Stormy Daniels is all you got?

• US Security Forces Brace For Possible Trump ‘Arrest’ (RT)

Federal, state and local law enforcement agencies are reportedly discussing security preparations in the event former President Donald Trump is indicted on felony falsification charges sometime in the coming days, according to multiple media outlets citing anonymous officials. The agencies are carrying out “preliminary security assessments” in and around a Manhattan courthouse to prepare for a possible indictment linked to an alleged “hush money” scheme involving a woman who claimed to have been intimate with the ex-president, five senior officials told NBC on Friday. While the officials stressed that the discussions are “precautionary” given that no charges have been filed, they said preparations are being made for an indictment that could come as early as next week.


Four law enforcement officials reached by the Associated Press confirmed the interagency conversations, which they said involve “security, planning and the practicalities of a potential court appearance” by Trump. The agencies discussing security preparations reportedly include the New York Police Department, New York State Court Officers, the US Secret Service, the FBI’s Joint Terrorism Task Force and the Manhattan DA’s Office. According to a “source in the courts” cited by Fox News, the Secret Service will determine whether Trump is handcuffed in the event he is charged. The former leader is under a grand jury investigation launched by the Manhattan District Attorney’s Office over the alleged felony falsification of business records, and is accused of arranging a payment of $130,000 to adult film actress Stormy Daniels through his then-lawyer, Michael Cohen.

Trump

Daniels claims she was paid during the 2016 presidential campaign to keep quiet about alleged sexual encounters with Trump in the past, though he denies such liaisons ever took place. Trump’s attorney, Joe Tacopina, told NBC News that if the ex-president is charged, he will “follow the normal procedures,” but has insisted on his client’s innocence. “The payments were made to a lawyer, not to Stormy Daniels. The payments were made to Donald Trump’s lawyer, which would be considered legal fees,” he said during a separate interview with MSNBC earlier this week, adding that Cohen “was his lawyer at the time and advised him that this was the proper way to do this to protect himself and his family from embarrassment. It’s as simple as that. That is not a crime.”


Cohen pleaded guilty to a federal charge related to the payment in 2018, and has since cooperated with the investigation into Trump after a public falling out with his former boss. He has provided hours of testimony before the grand jury probing Trump on the alleged felony charge, appearing for a second time on Wednesday.

Read more …

 

 

 

 

Canucks

 

 

 

 

Knots

 

 

Coral

 

 

Humpback

 

 

Amur
https://twitter.com/i/status/1636800272231190528

 

 

Best friends
https://twitter.com/i/status/1636696497025699843

 

 

 

 

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Debt Rattle March 17 2023

Mar 172023
 
 March 17, 2023  Posted by at 9:30 am Finance Tagged with: , , , , , , , , ,  73 Responses »


Vincent van Gogh Corridor In The Asylum 1889

 

• Ukraine’s Death by Proxy (Chris Hedges)
• ‘Serious Military Developments’ Are Coming In Ukraine Conflict – Envoy (RT)
• West Warns Ukraine Not To Blow ‘Last Ditch Effort’ – NYT (RT)
• Kiev’s Plan For Counteroffensive Revealed In Media Report (RT)
• In Ukraine, US Focused On Delivering Weapons, Not Diplomacy – Blinken (TASS)
• Moscow Spooked NATO From Going All In For Ukraine – John Bolton (RT)
• US Estimates ‘Upwards’ Of 100,000 Ukrainian Soldiers Killed – Politico (RT)
• Kiev Has No Plans To Leave Bakhmut – DPR Head (TASS)
• Russia May Question UN Secretariat Impartiality On Ukraine – Zakharova (TASS)
• Label ‘Unfriendly Countries’ More About Elites Than Countries – Putin (TASS)
• Desperate West Will Turn To Russia For Turnips – Putin (RT)
• Dutch Farmers’ Protest Party Scores Big Election Win, Shaking Up Senate (R.)
• Hallie Biden Revealed As ‘New’ Biden Family Member Who Got China Cash (NYP)
• The Looming Quadrillion Dollar Derivatives Tsunami (Ellen Brown)
• Big Banks Inject $30 Billion Unsecured Deposit In First Republic Bank (ZH)

 

 

 

 

Tucker Macgregor

 

 

 

 

RFK

 

 

 

 

Paul Keating

 

 

 

 

Woody Allen?

 

 

 

 

 

 

Best I’ve read from Hedges in a while.

“There will come a time when the Ukrainians, like the Kurds, will become expendable. They will disappear, as many others before them have, from our national discourse and our consciousness..”

• Ukraine’s Death by Proxy (Chris Hedges)

There are many ways for a state to project power and weaken adversaries, but proxy wars are one of the most cynical. Proxy wars devour the countries they purport to defend. They entice nations or insurgents to fight for geopolitical goals that are ultimately not in their interest. The war in Ukraine has little to do with Ukrainian freedom and a lot to do with degrading the Russian military and weakening Vladimir Putin’s grip on power. And when Ukraine looks headed for defeat, or the war reaches a stalemate, Ukraine will be sacrificed like many other states, in what one of the founding members of the CIA, Miles Copeland Jr., referred to as the “Game of Nations” and “the amorality of power politics.”

Should Russia prevail in Ukraine, should Putin not be removed from power, the U.S. will have not only cemented into place a potent alliance between Russia and China, but ensured an antagonism with Russia that will come back to haunt us. The flood of billions of dollars of weapons into Ukraine, the use of U.S. intelligence to kill Russian generals and sink the battleship Moskva, the blowing up of the Nord Stream pipelines and the more than 2,500 U.S. sanctions targeting Russia, will not be forgotten by Moscow. “In a sense, blowback is simply another way of saying that a nation reaps what it sows,” [Chalmers] Johnson writes,“Although people usually know what they have sown, our national experience of blowback is seldom imagined in such terms because so much of what the managers of the American empire have sown has been kept secret.”

Those supported in proxy wars, including the Ukrainians, often have little chance of victory. Sophisticated weapons such as the M1 Abrams tanks are largely useless if those operating them have not spent months and years being trained. Prior to the Israeli invasion of Lebanon in June 1982, the Soviet bloc provided Palestinian fighters with heavy weapons, including tanks, anti-aircraft missiles and artillery. The lack of training made those weapons ineffective against Israeli air power, artillery and mechanized units. The U.S. knows time is running out for Ukraine. It knows that high-tech weapons will not be mastered in time to blunt a sustained Russian offensive. Defense Secretary Lloyd Austin warned in January that Ukraine has “a window of opportunity here, between now and the spring.” “That’s not a long time,” he added.

Victory, however, is not the point. The point is maximum destruction. Even if Ukraine is forced in defeat to negotiate with Russia and concede territory for peace, as well as accept status as a neutral nation, Washington will have achieved its primary goal of weakening Russia’s military capacity and isolating Putin from Europe. [..] There will come a time when the Ukrainians, like the Kurds, will become expendable. They will disappear, as many others before them have, from our national discourse and our consciousness. They will nurse for generations their betrayal and suffering. The American empire will move on to use others, perhaps the “heroic” people of Taiwan, to further its futile quest for global hegemony. China is the big prize for our Dr. Strangeloves. They will pile up even more corpses and flirt with nuclear war to curtail China’s growing economic and military power. This is an old and predictable game. It leaves in its wake nations in ruins and millions of people dead and displaced. It fuels the hubris and self-delusion of the mandarins in Washington who refuse to accept the emergence of a multipolar world. If left unchecked, this “game of nations” may get us all killed.

Assad

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“The Ukrainians are willing to show they are capable of a counter-offensive and do not want “any damage to their image..”

• ‘Serious Military Developments’ Are Coming In Ukraine Conflict – Envoy (RT)

Ukraine is being plagued by mounting military problems which do not bode well for its fortunes on the battlefield, Russia’s deputy permanent representative to the UN said on Wednesday. Speaking to American journalist Kim Iversen, Dmitry Polyanskiy was asked where he thought the Ukraine conflict was heading, with one possible scenario being NATO’s direct involvement. The diplomat said Moscow would prefer to avoid such an outcome, as a stand-off between the US-led military bloc and Russia “would be dangerous for the whole world.” However, he claimed that the “Ukrainian troops are now in a very poor situation,”pointing to evidence that they “are really suffering heavy losses”. “The new conscripts are being used as cannon fodder after two-three days of training,” the senior diplomat claimed.

In his view, the “regime” of Ukrainian President Vladimir Zelensky “has become hostage of its own policy and of its promises to Western countries that it is capable of winning militarily over Russia” if it is being supplied with weapons. The Ukrainians are willing to show they are capable of a counter-offensive and do not want “any damage to their image,” which is why the situation around the key Donbass city of Artyomovsk, known as Bakhmut in Ukraine, “is really very bad” for the country, Polyanskiy said. “There are a lot of [Ukrainian] troops that are on the brink of being encircled. Casualties are immense,” the diplomat continued, suggesting that Kiev is throwing in troops “just to support the prestige” of Zelensky and his promises to the West. “The weather conditions are also not in favor of the Ukrainian army, because they can’t use heavy machines for their tasks. So I think we are on the eve of quite serious military developments there, not in favor of Ukraine,”Polyanskiy concluded.

The fight for Artyomovsk, a major foothold and logistics hub for Kiev’s forces, has been raging for months now, with Moscow’s troops recently capturing several villages around the strategic city. Earlier this month, Wagner Private Military Company chief Evgeny Prigozhin claimed that Russian forces were in full control of the eastern part of Artyomovsk. Ukrainian President Vladimir Zelensky has described this battle as “one of the hardest.” On Wednesday, he promised to reinforce the city. Both sides recognize the strategic importance of the city in the Donetsk People’s Republic. Last week, Russian Defense Minister Sergy Shoigu said control over Artyomovsk would allow Moscow’s forces “further offensive actions deep” into Ukrainian defenses, a statement which was largely echoed by Zelensky himself.

Read more …

Delusion:

“Some US and EU officials now worry that Ukraine is using up “thousands” of shells a day in the battle for Artyomovsk, at a pace that is “unsustainable” and “could jeopardize a planned springtime campaign” that Kiev’s western sponsors “hope will prove decisive..”

• West Warns Ukraine Not To Blow ‘Last Ditch Effort’ – NYT (RT)

A New York Times story on Thursday suggested that the US and its allies are running out of ammunition they can supply to Ukraine, while Kiev is using up the troops and shells that will be needed for a planned spring offensive to fight for Artyomovsk instead. Called Bakhmut by the Kiev authorities, Artyomovsk is now almost entirely surrounded by Russian forces. Ukrainian troops attempting to hold the town are running out of ammunition, the Times reported, with one brigade commander complaining of a “catastrophic shortage” of artillery shells. Some US and EU officials now worry that Ukraine is using up “thousands” of shells a day in the battle for Artyomovsk, at a pace that is “unsustainable” and “could jeopardize a planned springtime campaign” that Kiev’s western sponsors “hope will prove decisive,” according to the Times.

The Pentagon has reportedly even “raised concerns” with Kiev about this, warning Ukraine about “wasting ammunition.” The US and its allies “did not stockpile weaponry in anticipation of supplying an artillery war,” the outlet noted. A “secret British task force” is trying to track down and buy Soviet-caliber ammunition from around the world. The US and NATO have managed to put together some shells, but they are supposed to be used in the upcoming offensive. One Pentagon official described the push as a “last-ditch effort,” because the West does not have enough ammunition to keep up with Ukrainian expenditures. NATO’s own stocks are “critically low” and it will take “many months” for efforts to boost production to have an effect, again according to the Times. Without artillery, the paper explained, “hundreds” of new tanks and armored vehicles that the West is sending Ukraine will have a “limited” effect.

The anonymous officials who spoke to the Times also claimed that Ukrainian casualties have been so severe, with “more than 100,000” troops wounded or killed so far, that Kiev must decide whether to hold onto Artyomovsk or save soldiers for the “one meaningful opportunity this year” to go on the offensive. Though the US has tried to downplay the significance of Artyomovsk, President Vladimir Zelensky has decided to hold the town at seemingly all cost, declaring there is no part of Ukraine that can be abandoned. The only logic of “expending so much blood and ammo” on the town would be to “drain Russia of resources and prevent its troops from heading farther west,” Camille Grand, NATO’s former assistant secretary general for defense investment and now a defense expert at the European Council on Foreign Relations, told the Times. “The alternative is that they got dragged into a situation that, in the long term, plays in Russia’s favor and now it’s difficult to get out of it.”

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No troops, no ammo.

• Kiev’s Plan For Counteroffensive Revealed In Media Report (RT)

Washington expects Kiev to launch a counterattack against Russian troops in May, using the weapons that NATO countries have been sending to Ukraine, Politico reported on Wednesday, citing unnamed US officials. US military aid packages “going back four or five months have been geared toward what Ukraine needs for this counteroffensive,” one source cited by the outlet said on condition of anonymity. Kiev is preparing the operation even as its manpower and resources are being drained, Politico reports, by its continued clinging to the Donbass city of Artyomovsk, which it calls Bakhmut. The city, which senior US officials assessed has only symbolic significance, became the scene of some of the most intensive fighting between Russia and Ukraine this year.

While both sides reportedly suffered significant casualties fighting for Artyomovsk, Kiev lost some of its most experienced troops, Politico said. US officials have suggested that Ukraine should pull out of the city, which President Vladimir Zelensky declared a fortress. With the advice unheeded, America is now urging Ukrainian troops to conserve artillery munitions, the report explained. According to the outlet, Kiev is yet to settle on a strategy for its counteroffensive. One scenario involving a push across the Dnieper River near the city of Kherson is “not realistic,” US officials believe, since Ukraine does not have the manpower for an amphibious operation of that kind. The second one would require advancing from the north in an attempt to cut off Russian troops from Crimea.

The US has been stressing that it was up to Zelensky and the Ukrainian leadership to decide how exactly they would conduct a military operation. But senior American generals hosted Ukrainian officials in Wiesbaden, Germany this month to help them with wargaming the upcoming operation, Politico’s report notes. There has also been an effort to train Ukrainian troops in NATO tactics to replenish battlefield losses. Russia believes that the Ukrainian conflict is a US proxy war against it, with Ukrainian soldiers serving as cannon fodder. Moscow said Washington prevented Kiev from signing a peace agreement with Russia in the first months of the conflict, telling Zelensky to continue fighting instead.

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Not willing to admit defeat.

• In Ukraine, US Focused On Delivering Weapons, Not Diplomacy – Blinken (TASS)

At present, the United States prefers providing weapons and military equipment to the Kiev government over reconciliation-themed diplomatic contacts with Russia, US Secretary of State Antony Blinken said on Thursday. In Blinken’s opinion, “there has to be a just and durable peace” in Ukraine. “Just in the sense that it reflects the principles of the United Nations Charter. If it’s a peace that allows Russia to keep all the territory seized by force, that’s not justice,” the secretary of state said. He also explained that by ‘durable,’ he implied “that no one wants to see Russia repeat this a year or two or three years later.”

“With those principles in mind, every day we are looking for ways to see if we can bring the war to an end. I see no evidence that right now Russia is interested in a diplomatic resolution and negotiation that would end this war,” Blinken told reporters during his visit to Niger’s capital Niamey. “And so the quickest way to end it is to continue to support Ukraine so that it is strong on the battlefield <…> so that hopefully, at some point, Mr. Putin recognizes the reality that this has to stop, that he’s not going to succeed. And he’s prepared for diplomacy and for negotiation. When that day comes we’ll be the first to engage to try to end things. But as I said, in this moment, at least, I don’t see any evidence of that,” he said.

The US top diplomat is now on an African tour that includes Ethiopia and Niger. His press conference was broadcast live via the Department of State’s official YouTube channel. Russian Foreign Minister Sergey Lavrov said earlier that Moscow was still ready for negotiations on Ukraine. He said Russia will listen to the West’s proposals if it suggests discussing ways to ease tensions that take Moscow’s interests into account. Kremlin spokesman Dmitry Peskov said Ukraine-themed negotiations should be conducted with Washington in the first place.

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Bolton will claim that NATO lost because they didn’t go all in.

• Moscow Spooked NATO From Going All In For Ukraine – John Bolton (RT)

Russia intimidated NATO nations, stopping them from giving Ukraine the weapons it needed and allowing it to attack any targets it wanted, including key European infrastructure, US arch-hawk John Bolton has claimed. That must change, he added, urging President Joe Biden to change his policies. “[Russian President] Vladimir Putin has masterfully deterred NATO from responding robustly enough to end the conflict promptly and victoriously. Time to solve this problem is growing short,” Bolton wrote in an opinion piece published by the Wall Street Journal on Wednesday. The former national security adviser to President Donald Trump blamed Biden for failing to aim for “ambiguous goals” and claimed his “fear of Russian escalation” had led to a military gridlock in Ukraine.

The current president “barely tried” to prevent the Russian military operation, Bolton argued, before criticizing the reported limitations imposed by Washington in terms of which targets Kiev can attack with the weapons it gets from the West. “NATO pressures Ukraine not to strike inside Russia, and to spare key assets like Nord Stream, whereas the Kremlin can strike anywhere within Ukraine,” he wrote. Nord Stream comprises two undersea gas pipelines, which were built to deliver Russian natural gas directly to Germany. They were blown up in September. Bolton mentioned claims in the Western press, which said US intelligence suspected that a “pro-Ukrainian group” not connected with any government had carried out the sophisticated operation. Even if Kiev ordered the attack, he said, it should not impact the level of support it gets.

According to Bolton, debates in NATO on whether to deliver longer-range ATACMS missiles or F-16 fighter jets to Kiev “reflect a disjointed strategy” and harm Ukraine’s war effort. He said it was clear to him that “fears of Russian escalation are unwarranted.” Bolton is a lifelong advocate for using US hard power against other nations, including nuclear powers Russia and China. US political observers suggest that he may seek the Republican nomination for president in the 2024 election. Fox News host Tucker Carlson included him on a list of GOP candidates to whom he sent a questionnaire on the Ukraine conflict to get them on record. One question was whether the US should support regime change in Russia. Bolton failed to respond, Carlson said during his show on Monday.

Scott Ritter Loses It Over Lindsey Graham’s Mindless Warmongering

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“..Washington and Brussels can only guess the extent of Ukraine’s losses, as Kiev keeps this information secret even from its Western backers, who have provided it with billions of dollars’ worth of weapons..”

• US Estimates ‘Upwards’ Of 100,000 Ukrainian Soldiers Killed – Politico (RT)

US officials estimate that more than 100,000 Ukrainian troops have been killed since the outbreak of the conflict with Russia last February, Politico has reported, without disclosing its sources. Washington is concerned by Kiev’s lack of ammunition, air defenses and experienced soldiers in the run-up to a major Ukrainian offensive expected later in spring, the US news website said in a report on Wednesday. “Upwards of 100,000 Ukrainian forces have died in the year-long war, US officials estimate, including the most experienced soldiers,” Politico wrote. “Many of these losses are taking place in Bakhmut,” it added. The city, which Russia calls Artyomovsk, is a key Ukrainian stronghold and logistics hub in the People’s Republic of Donetsk.

Russian forces have been advancing on Artyomovsk since August last year, and, according to Wagner Private Military Company chief Evgeny Prigozhin, have now almost fully encircled the city and taken control of its eastern part. Ukrainian President Vladimir Zelensky has repeatedly insisted that he will not surrender Artyomovsk, despite reports of tensions with US officials, who have allegedly urged Kiev to withdraw and cut its losses. Earlier this week, Zelensky again said that that the defense of the key city would be reinforced. On Monday, the Washington Post reported: “US and European officials have estimated that as many as 120,000 Ukrainian soldiers have been killed or wounded since the start of Russia’s invasion early last year.”

Politico pointed out that Washington and Brussels can only guess the extent of Ukraine’s losses, as Kiev keeps this information secret even from its Western backers, who have provided it with billions of dollars’ worth of weapons. Speaking after Wednesday’s virtual meeting of the multinational Ukraine Defense Contact Group, US Defense Secretary Lloyd Austin said, “Ukraine doesn’t have any time to waste.” “We have to deliver swiftly and fully on our promised commitments” to Kiev, including supplies of “armored capabilities,” training for Ukrainian troops, spare parts and other things, he urged.

Last week, Russia’s Defense Minister Sergey Shoigu announced that Ukraine has lost at least 11,000 troops during the fighting in February. The number of killed and wounded on the Ukrainian side had risen by more than 40% since January when it stood at 6,500, he added. “The support of the Kiev regime by NATO countries doesn’t lead to the success of the Ukrainian troops on the battlefield. On the contrary, there is a significant increase in losses among the personnel of the Armed Forces of Ukraine,” the minister said. Shoigu last provided an estimate of Ukraine’s casualties in the conflict back in September. At the time, he said that they amounted to more than 100,000, with at least 61,000 troops killed and almost 50,000 wounded.

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One road is still open.

• Kiev Has No Plans To Leave Bakhmut – DPR Head (TASS)

Kiev has no plans to withdraw troops from the city of Artyomovsk (called Bakhmut in Ukraine) even though it is facing issues with ammunition supplies, Acting Head of the Donetsk People’s Republic (DPR) Denis Pushilin said on Thursday. “As for Artyomovsk, the situation remains difficult and complicated. I mean that we don’t see any signs of the enemy planning to simply withdraw troops,” he told the Rossiya-24 TV channel. Pushilin added, however, that “it’s extremely difficult to supply ammunition and food or bring in any reinforcements” along the only road that is now “under even tighter fire control by the Wagner PMC.” The Donetsk leader also said that fighting had moved to the industrial zone, with battles taking place both in the southern and northern parts of the city. According to Pushilin, Ukraine has amassed forces in the city of Chasov Yar.


Artyomovsk, located in the Kiev-controlled part of the Donetsk People’s Republic, is an important transport hub in terms of Ukrainian military supplies. Heavy fighting is raging in the area. According to the latest reports, all paved roads to the city have either been cut off or have come under fire control by Russian artillery, while the spring mud season is seriously impeding the delivery of ammunition and reserves to the entrenched Ukrainian forces. Founder of the Wagner Private Military Company Yevgeny Prigozhin said on March 11 that Russian forces were about 1.2 kilometers from the city’s administrative center.

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“If you cannot give a comment after the monks made a direct appeal to the international community in several languages, Stephane, then you should probably admit being biased..”

• Russia May Question UN Secretariat Impartiality On Ukraine – Zakharova (TASS)

The United Nations Secretariat needs to be more balanced in how it treats information with regard to the Ukraine issue, otherwise Russia will question its impartiality at a session of the General Assembly’s Committee on Information, Russian Foreign Ministry Spokeswoman Maria Zakharova wrote on Telegram on Thursday. Earlier, the UN secretary general’s spokesperson Stephane Dujarric said that the Secretariat was unable to comment on the Ukrainian authorities’ demand that monks affiliated with the Ukrainian Orthodox Church leave the Kiev-Pechersk Lavra monastery. “If you cannot give a comment after the monks made a direct appeal to the international community in several languages, Stephane, then you should probably admit being biased in order not to frame the United Nations because it means either a complete loss of qualifications or that there is a political agenda in place. Regularly saying that you don’t know anything about developments in Ukraine, while your chief visits Kiev on a regular basis (the last trip taking place as recently as March 8), means causing distrust in the UN and its Secretariat,” Zakharova pointed out.


On March 10, an eviction notice from the acting director general of the Kiev-Pechersk Lavra Historical and Cultural Reserve (subordinate to the Ukrainian Culture Ministry) was published on the monastery’s website, stating that monks affiliated with the canonical Ukrainian Orthodox Church must leave the Holy Dormition Kiev-Pechersk Lavra by March 29, when the current lease expires. According to the document, a working group that identified a violation of the lease terms had been created by Ukrainian President Vladimir Zelensky’s decree. Father Superior of the Kiev-Pechersk Lavra Metropolitan Pavel said on March 13 that the monks would not comply with the order to leave the monastery. On March 14, Russian Foreign Minister Sergey Lavrov sent letters to UN Secretary General Antonio Guterres and OSCE Chairperson-in-Office Bujar Osmani, urging them to demand that Kiev stop its arbitrariness against the canonical Ukrainian Orthodox Church. Dujarric said in response to a TASS request for comment on Lavrov’s letter that the UN chief believed every country should ensure religious freedom and protect religious sites.

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“..the political systems in many countries “often bring people to prominence who have a rather low level of education and general cultural awareness..”

• Label ‘Unfriendly Countries’ More About Elites Than Countries – Putin (TASS)

Russian President Vladimir Putin has termed the phrase ‘unfriendly countries’ inexact and incorrect, because it is not so much the countries themselves but rather their elites or leaders that are unfriendly. “The phrase ‘unfriendly countries’ has entered the public consciousness and into common usage here. But, it does not accurately reflect existing realities. You could say that it doesn’t reflect the reality at all, because what we have are unfriendly elites in a certain number of countries, unfriendly rulers,” Putin stated at the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP) on Thursday.


He lamented the fact that the political systems in many countries “often bring people to prominence who have a rather low level of education and general cultural awareness; at times they do not understand what they say and do.” “The result, as is well known, is clear for all to see. Their activities are detrimental to their own people and to their own businesses,” the president stressed.

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“According to Putin, well-timed investment decisions today will pay off a hundredfold tomorrow..”

• Desperate West Will Turn To Russia For Turnips – Putin (RT)

The Russian economy is now developing in a new way, with GDP expected to grow as soon as the second quarter of this year, President Vladimir Putin said on Thursday. Speaking at a plenary session of the Congress of the Russian Union of Industrialists and Entrepreneurs (RSPP) in Moscow, Putin said the country has managed to fully compensate for the loss of access to Western markets. According to the head of state, Russia’s foreign trade grew by more than 8% last year, while last year’s trade surplus hit $332 billion. The president noted that former European partners are trying “to convince everyone of the imminent collapse of the Russian economy,” even though EU inflation rates are higher.

Inflation in Russia is expected at around 4%, while retail growth is projected to reach 5% in April, thanks to a stable labor market, lower inflation and higher wages, according to the president. “A year ago, Western governments twisted the arms of their companies, forcing some of them, many of them, to leave the Russian market, then foreign analysts predicted a depression and a decline in the consumer sector for us, promised empty store shelves, a massive shortage of goods, and the failure of the service sector,” the Russian leader said.

However, according to Putin, life took a different turn, with Western countries now urging their people to eat turnips instead of fruit and vegetables. “Turnips are a good product, but you will probably have to turn to us [Russia] for turnips too, because our crop level still significantly exceeds those of our neighbors in Europe,” he joked. The Russian president also urged Russia’s billionaires to invest in new technology, production facilities and enterprises to help overcome what he called Western attempts to destroy the national economy. According to Putin, well-timed investment decisions today will pay off a hundredfold tomorrow.

Read more …

They won all 11 provinces. Next, do Caada.

• Dutch Farmers’ Protest Party Scores Big Election Win, Shaking Up Senate (R.)

A farmers’ protest party shook up the political landscape in the Netherlands on Wednesday, emerging as the big winner in provincial elections that determine the make-up of the Senate. The BBB or BoerBurgerBeweging (Farmer-Citizen Movement) party rode a wave of protests against the government’s environmental policies and looked set to have won more Senate seats than Prime Minister Mark Rutte’s conservative VVD party. A first exit poll projected BBB won 15 of a total of 75 seats in the Senate, which has the power to block legislation agreed in the Lower House of parliament, with the VVD dropping from 12 to 10 seats. The meteoric rise of BBB is a major blow for Rutte’s governing coalition, casting doubt over its aim to drastically cut nitrogen pollution on farms, the single issue upon which BBB was founded in 2019.

“Nobody can ignore us any longer,” BBB leader Caroline van der Plas told broadcaster Radio 1. “Voters have spoken out very clearly against this government’s policies.” The government aims to cut nitrogen emissions in half by 2030, as relatively large numbers of livestock and heavy use of fertilizers have led to levels of nitrogen oxides in the soil and water that violate European Union regulations. The nitrogen problem has crippled construction in the Netherlands as environmental groups have won a string of court cases ordering the government to limit the emissions and preserve nature, before new building permits can be granted. The BBB says the problem has been exaggerated and that proposed solutions are unfairly balanced against farmers, leading to the closure of many farms and food production shortages.

Rutte’s government has not had a Senate majority since the previous provincial elections in 2019 and must negotiate deals with mostly left-wing opponents. The two most cooperative parties, Labour and GreenLeft, looked set to have held on to their seats, keeping their combined group at a par with BBB and possibly enough to maintain support for Rutte’s policies. BBB won a single Lower House seat in 2021, but its popularity has surged on the back of growing distrust of the government and anger over issues such as immigration. Rutte’s government, in its fourth consecutive term since 2010, has dropped to a 20% approval rating, its lowest in a decade.

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Why do we get a new leak every day from Comer? What’s the use?

• Hallie Biden Revealed As ‘New’ Biden Family Member Who Got China Cash (NYP)

President Biden’s daughter-in-law Hallie is the mysterious “new” Biden family member who got paid Chinese cash in 2017, House Oversight Committee Chairman James Comer revealed exclusively to The Post Thursday. Comer said the payments to first son Hunter Biden’s sister-in-law-turned-former lover were revealed in subpoenaed bank records. The records show Hallie Biden received $35,000 over two transfers in 2017 from Biden family associate Rob Walker, who got $3 million on March 1, 2017, from State Energy HK Limited, a firm affiliated with CEFC China Energy. President Biden, who allegedly was the “big guy” mentioned in communications about the same Chinese venture, dined at Hallie Biden’s residence last Friday during his regular weekend trip home to Delaware.

It’s unclear if they discussed the looming bombshell, which Comer (R-Ky.) publicly teased Monday night on Fox News’ “Hannity.” One transfer to Hallie from Robinson Walker LLC was for $25,000 on March 20, 2017, Comer’s staff wrote in a Thursday morning memo to committee members. Another $10,000 was transferred on Feb. 13 — raising “many questions” according to a committee aide because it came shortly before, rather than after, the $3 million haul. The information creates an unexpected new avenue for investigation — and the memo notes the bank records don’t include the first names of all Biden family recipients, meaning there may be others involved, in addition to Hunter Biden and first brother James Biden.

Hallie Biden is the widow of Beau Biden, who died of brain cancer in 2015, and the mother of two of the president’s grandchildren, Natalie and Robert Hunter. She dated the president’s other son, Hunter, from around 2016 to 2019, a timeframe that included the Chinese dealings. “Democrats described our subpoena as providing nothing more than records for Papa John’s and Starbucks, but they failed to mention the records we’ve received documenting the Biden family’s business schemes,” Comer told The Post, referring to committee ranking member Rep. Jamie Raskin’s disclosure of the subpoenas this week. “Over the course of several years, members of the Biden family and their companies received over $1.3 million in payments from accounts related to their associate, Rob Walker,” Comer said.

“Most of this money came as a result of a wire from a Chinese energy company and went not only to Hunter and James Biden but also to Hallie Biden and an unknown ‘Biden.’” Comer added, “It is unclear what services were provided to obtain this exorbitant amount of money.” More than a third of the $3 million that Walker’s firm received was forwarded to Biden family associate James Gilliar and “almost the exact same amount,” $1,065,000, was distributed among Biden family members over three months, the committee memo says.

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“They are sold as insurance against risk, which is passed off to the counterparty to the bet. But the risk is still there..”

• The Looming Quadrillion Dollar Derivatives Tsunami (Ellen Brown)

In 2002, mega-investor Warren Buffett wrote that derivatives were “financial weapons of mass destruction.” At that time, their total “notional” value (the value of the underlying assets from which the “derivatives” were “derived”) was estimated at $56 trillion. Investopedia reported in May 2022 that the derivatives bubble had reached an estimated $600 trillion according to the Bank for International Settlements (BIS), and that the total is often estimated at over $1 quadrillion. No one knows for sure, because most of the trades are done privately.

As of the third quarter of 2022, according to the “Quarterly Report on Bank Trading and Derivatives Activities” of the Office of the Comptroller of the Currency (the federal bank regulator), a total of 1,211 insured U.S. national and state commercial banks and savings associations held derivatives, but 88.6% of these were concentrated in only four large banks: J.P. Morgan Chase ($54.3 trillion), Goldman Sachs ($51 trillion), Citibank ($46 trillion), Bank of America ($21.6 trillion), followed by Wells Fargo ($12.2 trillion). Unlike in 2008-09, when the big derivative concerns were mortgage-backed securities and credit default swaps, today the largest and riskiest category is interest rate products.

The original purpose of derivatives was to help farmers and other producers manage the risks of dramatic changes in the markets for raw materials. But in recent times they have exploded into powerful vehicles for leveraged speculation (borrowing to gamble). In their basic form, derivatives are just bets – a giant casino in which players hedge against a variety of changes in market conditions (interest rates, exchange rates, defaults, etc.). They are sold as insurance against risk, which is passed off to the counterparty to the bet. But the risk is still there, and if the counterparty can’t pay, both parties lose. In “systemically important” situations, the government winds up footing the bill.

Like at a race track, players can bet although they have no interest in the underlying asset (the horse). This has allowed derivative bets to grow to many times global GDP and has added another element of risk: if you don’t own the barn on which you are betting, the temptation is there to burn down the barn to get the insurance. The financial entities taking these bets typically hedge by betting both ways, and they are highly interconnected. If counterparties don’t get paid, they can’t pay their own counterparties, and the whole system can go down very quickly, a systemic risk called “the domino effect.”

That is why insolvent SIFIs had to be bailed out in the Global Financial Crisis (GFC) of 2007-09, first with $700 billion of taxpayer money and then by the Federal Reserve with “quantitative easing.” Derivatives were at the heart of that crisis. Lehman Brothers was one of the derivative entities with bets across the system. So was insurance company AIG, which managed to survive due to a whopping $182 billion bailout from the U.S. Treasury; but Lehman was considered too weakly collateralized to salvage. It went down, and the Great Recession followed.

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They cover for each other. That’s the best the US can do in 2023. Feel lucky, punk?

• Big Banks Inject $30 Billion Unsecured Deposit In First Republic Bank (ZH)

The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg and Acting Comptroller of the Currency Michael J. Hsu. “Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system.” This bailout is very similar to the 1998 bailout of LTCM when fourteen banks and brokerage firms invested $3.6 billion in Long-Term Capital Management L.P. (LTCM) to prevent the firm’s imminent collapse; the bailout was orchestrated by – but did not involve – Fed funding. That said, LTCM was a hedge fund, and was not a direct competitor.

Rickards: This Is The Biggest Bailout In History

The bailout is also very different to what happened when Bear Stearns collapsed, as the Big Banks again tried, but refused to save Bear in 2008. And now they have agreed to inject $30BN in the form of unsecured deposits in First Republic, effectively backstopping the entire capital structure and making the equity money good, because they have explicitly guaranteed that no matter how bad the deposit run is, they will keep the bank funded (using deposits that just a few days ago may have been parked at First Republic). The next question: why did the banks agree to this? Was it guilt that banks such as SIVB and SBNY collapsed because of their actions/behind the scenes negotiations with regulators?


We don’t know, but Wall Street is hardly known for being a good Samaritan, and if given the choice, banks would have opted to wait until the bankruptcy and pick choice assets for pennies on the dollar. As one might expect, First Republic executives are relieved and expressed their thanks: “We would like to share our deep appreciation for Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, PNC Bank, State Street, Truist, and U.S. Bank. Their collective support strengthens our liquidity position, reflects the ongoing quality of our business, and is a vote of confidence for First Republic and the entire U.S. banking system”

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Big Suit

 

 

 

 

 

 

 

 

Lyrebird

 

 

Tarsier

 

 

Mancini – Moon River

 

 

 

 

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Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar

Mar 162023
 
 March 16, 2023  Posted by at 2:51 pm Finance Tagged with: , , , , , , , ,  9 Responses »


Jacob Lawrence Struggle: From the History of the American People, Panel 8 1954

Andrew Korybko:

Eurasia’s geo-economic integration took a great leap forward as a result of the Iranian–Saudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of Iranian-transiting megaprojects in one fell swoop through this deal, with the North-South Transport Corridor (NSTC) connecting them to Russia while the China-Central Asia-West Asia Economic Corridor (CCAWAEC) will do the same vis-à-vis China.

The bloc’s de facto Saudi leader has been prioritizing a comprehensive economic reform policy known as “Vision 2030” that was introduced by Crown Prince and first-ever Prime Minister Mohammed Bin Salman (MBS) upon his rise to power in 2015. It regrettably stumbled as a result of the disastrous Yemeni War that he’s been waging since that same year, but everything is now back on track and more promising than ever after securing $50 billion worth of investments from China last December.

The People’s Republic regards Vision 2030 as complementary to its Belt & Road Initiative (BRI) due to MBS’ focus on real-sector investments for preemptively diversifying the Saudi economy away from its presently disproportionate dependence on oil exports. His country’s location at the crossroads of Afro-Eurasia also makes investments there extremely attractive from the perspective of China’s logistical interests, hence its massive commitment to his comprehensive economic reform policy.

Without last week’s Beijing-brokered deal, China would have had to rely on maritime routes under the control of the powerful US Navy to facilitate the forthcoming explosion in bilateral real-sector trade, but now everything can be conducted much more securely via the Iranian-transiting CCAWAEC. Looking forward, there’s also a theoretical possibility of Chinese energy investments in Iran connecting the Gulf to Central Asia and thenceforth to the People’s Republic, thus fully securing its strategic interests.

That’s still a far way’s off, if it even happens at all that is, but it nevertheless can’t be ruled out. Saudi Arabia’s desire to join BRICS and the SCO, which are the most influential multipolar organizations in the world right now, could turn this scenario into a reality a lot sooner than even the most optimistic observers might have expected. All of this in and of itself will herald a revolution in geo-economic affairs, and that’s even without Saudi Arabia having yet to throw its full support behind the “petroyuan”.

Once this major oil exporter begins to sell its resources in non-dollar-denominated currencies like China’s, then the petrodollar upon which the economic-financial aspect of the US’ unipolar hegemony is predicated will be dealt a deathblow. The global systemic transition to multipolarity and the impending trifurcation of International Relations that will precede the final inevitable form of this process would unprecedentedly accelerate once this happens, thus further hastening America’s ongoing demise.

About those aforementioned processes, they were already made irreversible by the special operation that Russia was forced to commence in defense of its national security red lines in Ukraine after NATO clandestinely crossed them there and subsequently rejected Moscow’s security guarantee requests for politically resolving their resultant security dilemma. Over the past year, the New York Times was forced to admit that not only did the sanctions fail, but even the plot to “isolate” Russia did too.

These outcomes were largely the result of Russia’s example inspiring the Global South to rise up against neo-colonialism by refusing to comply with the demands placed upon them by the US-led West’s Golden Billion to unilaterally sacrifice their own interests simply to serve that de facto New Cold War bloc’s. India played the leading role in this respect due to its status as the world’s largest developing country, which gave comparatively medium- and smaller-sized ones the confidence to follow in its footsteps.

That globally significant Great Power, which sits on the South Asian end of the NSTC that transits through Iran en route to Russia, also scaled up its purchases of discounted oil from Moscow to the point where its decades-long strategic partner is nowadays its largest supplier. Of crucial significance to the present analysis, a growing number of its deals are in non-dollar-denominated currencies, which sped up de-dollarization processes to such an extent that even Reuters felt compelled to write about this.

Considering this newfound financial context, there’s no doubt that upcoming Saudi moves in support of the petroyuan that are taken in coordination with Iran and Russia would catalyze the next natural phase of de-dollarization. Russian-GCC real-sector trade that’ll be carried out via Iran across the NSTC will be conducted in national currencies and thus prepare those three for the moment when they finally decide to deal a deathblow to the petrodollar.

All in all, it’s not hyperbole to declare that the dollar’s prior dominance is done for as a result of the Iranian-Saudi rapprochement. That Beijing-brokered deal makes this outcome an inevitability unless some subversive black swan event takes place such as a US-backed coup against MBS, though that’s unlikely to happen after he successfully consolidated his power in late 2017. With this in mind, it can confidently be declared that that last week’s development will be seen in hindsight as a game-changer.

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Debt Rattle March 16 2023

Mar 162023
 
 March 16, 2023  Posted by at 9:46 am Finance Tagged with: , , , , , , , ,  67 Responses »


Pable Picasso Le Pengouin 1907

 

• Credit Suisse Borrows $54BN From SNB: “Pre-emptively Strengthen Liquidity” (ZH)
• EU Shrugs Off Silicon Valley Bank Collapse (Pol.eu)
• Pentagon Calls Moscow Over Drone Incident (RT)
• US Drones Have No Business Near Russia – Ambassador (RT)
• Drone Incident Confirms US Involvement In Ukraine Conflict – Russia (RT)
• Moscow Responds To Lindsey Graham Threat (RT)
• Attack On Russian Plane In Neutral Airspace A Declaration Of War – Antonov (TASS)
• Antonov Expressed Russia’s Concerns Over US Activities At State Dept (TASS)
• China Comments On ‘Ukrainian Theory’ Of Nord Stream Sabotage (RT)
• Explosive Devices Found At Russian Pipeline – Transneft (RT)
• Ukraine Wants To Legalize Controversial Hacker Brigade (RT)
• How Russian Identity Was Wiped Out In What Is Now Western Ukraine (Plotnikov)
• The Tyrants Are Passing State Laws to Push CBDCs (Thomas Renz)
• GOP Candidates: Pay Attention DC (Denninger)
• Which Biden Family Member Got Cut Of $3M CCP-Linked Wire? (ZH)

 

 

 

 

 

 

RFK Haines
https://twitter.com/i/status/1635831142124339200

 

 

RFK Fauci

 

 

 

 

Tucker weapons

 

 

Bosi

 

 

Macgregor

 

 

Russian warriors

 

 

 

 

Credit Suisse is labeled systemically important, aka too big to fail. On Wall Street. But as ZH notes this loan does nothing to halt the depositor flight that made the loan necessary. What happens if someone decides to take the other side of the bet, like Soros did with the Bank of England?

• Credit Suisse Borrows $54BN From SNB: “Pre-emptively Strengthen Liquidity” (ZH)

Update (21:00ET): And so, the “bailout” arrives just a few hours before the Europe open, Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion ($54 billion) under a covered loan facility which is “fully collateralized by high quality assets”. It wasn’t immediately clear what high quality assets CS has left to pledge but in a time of BTFP, we are confident they found something. The bank also announced offers by Credit Suisse International to repurchase certain OpCo senior debt securities for cash of up to about CHF3 billion, which will help the bank pick up a few pennies in bond discount, even as it faces tens of billions in deposit flight.

So to summarize: Credit Suisse effectively just took out a priming DIP loan, pledging its last remaining assets with the SNB, to shore up some $54BN in emergency liquidity, probably how much the bank has seen in deposit outflows. It will be very interesting on what terms those assets were pledged. Another way of saying it, is that this is a last-ditch liquidity infusion, and all it does is prevent forced asset liquidations (a la SVB). Meanwhile it does nothing to halt the depositor flight because once trust is broken, it rarely returns. The news sent Euro Stoxx 50 futures 2% higher, and pushed Emini S&P futures to session highs of 3946; 2Year yields moved up by about 20bps to 4.00% before fading the move.

That said don’t hold your breath for some breathtaking surge: once the market sees though this rescue for what it is – yet another temporary stop gap measure – it will demand much more, especially after the ECB hikes rates tomorrow which this “band-aid bailout” will allow the Central Bank to do, in the process guaranteeing an even bigger bailout down the line.

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“..acting as if there’s no crisis can sometimes be all part of the game to reassure the markets..”

• EU Shrugs Off Silicon Valley Bank Collapse (Pol.eu)

The failure over the weekend of America’s Silicon Valley Bank, which had assets of $200 billion, has prompted fears of wider meltdown, with share prices plummeting and U.S. agencies scrambling to contain the fallout and prevent runs on other lenders. In the European Union, it’s very definitely seen as something that’s happening to other people. “At the EU level, there is very limited presence of Silicon Valley Bank,” Valdis Dombrovskis, executive vice president of the European Commission, said Tuesday. “We are in touch with the relevant competent authorities, but we don’t expect much of a spillover effect.” His was just the latest in a series of chilled-out comments from leading EU figures as they looked on while the financial blowup raged.

“I don’t see any risk of contagion,” French Finance Minister Bruno Le Maire said on Monday. “We are monitoring the situation but there is no specific alert.” EU bank stocks slumped 5.84 percent on Monday in response to the demise of SVB — but rallied on Tuesday, closing back up 2.46 percent. Aside from the immediate risks of contagion, the big question is whether SVB is an idiosyncratic event or a sign of broader ailments at banks. European leaders are firmly playing things down, stressing the difficulties were unique. “The problems arise from the specific business model of the Silicon Valley Bank, and the picture here in Europe is very different,” said Paschal Donohoe, president of the Eurogroup, the gathering of eurozone finance ministers, after their latest meeting on Monday.

Of course, acting as if there’s no crisis can sometimes be all part of the game to reassure the markets. So when the EU says “nothing to see here,” those in the know — particularly those who lived through the financial turmoil a decade and a half ago — may wonder whether actually they’re just hoping that if they say it loudly enough it will become true.

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It’s good that they talk. They should do more of that. Much more.

• Pentagon Calls Moscow Over Drone Incident (RT)

US Defense Secretary Lloyd Austin reached out to his Russian counterpart, Sergey Shoigu, on Wednesday, for the first time in months, to discuss the incident in which an American spy drone went down in the Black Sea waters off Crimea. According to the Russian Defense Ministry, Shoigu told Austin that the incident was caused by the Americans violating the airspace restriction declared by Russia, with all the proper international notifications in place. Shoigu called US drone flights off the Russian coast “provocative in nature” and risked an escalation of tensions in the Black Sea. While Russia does not desire such a development, it will “continue to respond proportionately to all provocations,” Shoigu said. He added that the two nuclear powers “must act as responsibly as possible,” which includes keeping a military channel open to discuss any crisis.

Speaking at a Pentagon press briefing, Austin confirmed that he made the call, and said it was “important that great powers be models of transparency and communication.” However, he insisted the US would “continue to fly and to operate wherever international law allows.” The last time Shoigu and Austin spoke was in October 2022, according to AP. The top military officers also had a phone call about the matter, with US General Mark Milley, the chairman of the Joint Chiefs of Staff, reaching out to his Russian counterpart, General Valery Gerasimov. On Tuesday, the US European Command claimed that two Russian Su-27 jets conducted an “an unsafe and unprofessional intercept” of a MQ-9 Reaper drone, which was conducting an intelligence, reconnaissance and surveillance (ISR) mission in international waters over the Black Sea.

According to the US military, one of the planes struck the drone’s propeller, causing the operators to ditch the UAV into the water. The Russian Defense Ministry, however, said that at no point did any of the interceptors make contact with the drone, or use their on-board weapons. The UAV stalled and crashed after executing an abrupt maneuver, Moscow said. Russian ambassador to the US Anatoly Antonov said he told the State Department that US drones have no business so close to the Russian border. The drone was reportedly just 60 kilometers off the coast of Crimea when it crashed.

The US has flown drones and other surveillance aircraft near the Russian border for over a year, providing intelligence and targeting information to the Ukrainian government – along with weapons, ammunition and money – while insisting it is not a party to the conflict. Nikolai Patrushev, secretary of the Russian Security Council, said on Wednesday that the drone incident was “yet another confirmation” the US was directly involved.

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Russian Ambassador to the United States Anatoly Antonov is the de facto spokesperson for Moscow on the issue.

• US Drones Have No Business Near Russia – Ambassador (RT)

Moscow regards Tuesday’s incident in which an American drone crashed in the Black Sea as a provocation, Ambassador Anatoly Antonov said after being summoned to the State Department in Washington. Antonov met with Assistant Secretary of State for European and Eurasian Affairs Karen Donfried, who protested the “unsafe and unprofessional intercept” of the drone that resulted in its loss. “We consider this incident a provocation,” Antonov told reporters after the meeting. He said he told Donfried that US drones, planes and ships had no business being that close to Russian borders. “Could you imagine what the reaction of the US media or the Pentagon would be, if such a drone would appear near New York or San Francisco?” he asked.

Antonov described the talks with Donfried as “constructive” and said both sides shared their concerns. The US and Russia need to be “extremely cautious” how they act, given the current situation in Eastern Europe, he added. He also told Donfried that Moscow is seeking “pragmatic relations” and not conflict with the US. According to the US military, two Russian Su-27 interceptors flew dangerously close to the MQ-9 Reaper drone on Tuesday morning, spilling fuel on the drone and at one point damaging its propeller, causing the UAV to crash. The drone, they said, was on a peaceful surveillance mission in international waters. In response, the Russian Defense Ministry said the UAV stalled after executing drastic maneuvers, and that the interceptors “did not come into contact with the UAV.”

Antonov had pointed out that the drone was of a type that can carry multiple missiles and bombs. The MQ-9 was developed as a “hunter-killer” variant of the MQ-1 Predator. The US has flown drones and surveillance planes near the Russian border for over a year, providing intelligence and targeting information to the Ukrainian government – along with weapons, ammunition and money – while insisting it is not a party to the conflict. The exact location of the incident was not provided by either government. Russian media have reported that the Reaper’s last location was about 60 kilometers southwest of the Crimean port of Sevastopol.

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“..Russian fighters did not use any airborne weapons and did not come into contact with the drone..”

• Drone Incident Confirms US Involvement In Ukraine Conflict – Russia (RT)

Moscow will attempt to recover the wreckage of the American MQ-9 Reaper drone that fell into the Black Sea on Tuesday, the secretary of the Russian Security Council, Nikolai Patrushev, has announced. Speaking live on a Russian federal channel on Wednesday, the official admitted that he doesn’t know if it will be possible to get to the remains of the UAV but stressed that it was important to make an effort to find and study the wreckage. Patrushev also added that “Americans keep saying that they are not participating in the hostilities” in Ukraine and that this latest incident with the drone is “yet another confirmation that [the US] are directly involved” in the ongoing military conflict.

The secretary’s statement comes after Washington’s European Command (EUCOM) reported that one of its MQ-9 Reaper drones was brought down over the Black Sea on Tuesday morning as a result of “unsafe and unprofessional” actions by two Russian Su-27 fighter jets. The Pentagon insists that one of the Russian interceptors had “struck the propeller” of the drone while it was conducting a reconnaissance mission in international airspace. The Russian Defense Ministry has denied claims that its planes came into contact with the American drone, but reported that Aerospace Forces had recorded the flight of an American UAV over the Black Sea towards the Russian border and dispatched two interceptors to investigate.

The ministry noted that the aircraft was flying with transponders turned off and in violation of the temporary air borders established around the ongoing military operation area in Ukraine. At some point, “as a result of sharp maneuvers” the drone went into “uncontrolled flight” and crashed into the sea, the ministry reported, noting that Russian fighters did not use any airborne weapons and did not come into contact with the drone. US National Security Council coordinator for strategic communications John Kirby has since stated that the US is taking all the necessary measures to ensure that the remains of the MQ-9 Reaper drone do not fall into anyone else’s hands.

“It’s the United States’ property. We obviously don’t want to see anybody getting their hands on it beyond us,” Kirby told CNN. However, he also admitted that he’s not sure if the US will be able to recover the aircraft, because it fell into “very very deep water” in the Black Sea. “We’re still assessing whether there can be any kind of recovery effort. There may not be.”

Lavrov
https://twitter.com/i/status/1636060425417629697

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“it is not the Russian pilots who should be called out,” but rather American politicians, “who are inciting the start of an apocalyptic conflict.”

• Moscow Responds To Lindsey Graham Threat (RT)

Russia’s ambassador to the US has accused Senator Lindsey Graham of provoking “dangerous escalation” between the two countries, after the senior lawmaker urged the Pentagon to fire on Russian fighter jets. Asked about Graham’s comments on Wednesday, Ambassador Anatoly Antonov said the senator’s call to shoot down Russian aircraft went “far beyond common sense” and risked all-out war between the world’s largest nuclear powers. “This is by no means the first attempt by the notorious lawmaker to provoke a dangerous escalation in the US-Russian relations. A year ago he urged our citizens to make an assassination attempt on the president of Russia,” he said. “Does Senator Graham really believe that a direct military clash with Russia is in the interests of the voters who entrusted him with their lives and livelihood?” “Is the Capitol willing to put American citizens and the international community at risk of a full-scale nuclear war? Give us an answer, distinguished Senator!”

Graham appeared on Fox News earlier on Wednesday to discuss a recent close encounter between Russian fighter jets and a US MQ-9 Reaper drone near Crimea, calling for a tough response from President Joe Biden after the UAV was sent plunging into the Black Sea. “What would Ronald Reagan do right now? He would start shooting Russian planes down, if they were threatening our assets,” Graham told the outlet, referring to the US leader who served at the height of Cold War brinkmanship with the Soviet Union. While US officials claimed one of the Russian planes collided with the drone and caused it to crash, the Russian Defense Ministry said the unmanned vehicle went down after stalling, and never came into contact with another aircraft. Antonov went on to argue that Moscow “did everything possible to prevent this kind of incident,” including informing the international community “in good time about the boundaries of the temporary airspace regime” established in the area.

While the ambassador said it is a “shame for the Pentagon to lose an expensive piece of equipment,” he insisted “it is not the Russian pilots who should be called out,” but rather American politicians, “who are inciting the start of an apocalyptic conflict.” Washington has flown drones and surveillance craft near the Russian border on a near-constant basis over the last year, providing intelligence – along with weapons, ammunition and money – to the Ukrainian government even as it insists it is not a party to the conflict. The exact location of this week’s drone encounter was not confirmed by either government, though Russian news outlets have reported that the Reaper’s last location was about 60 kilometers (37 miles) southwest of the Crimean port of Sevastopol.

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“Russia did everything possible to prevent this kind of incident – it informed the international community in good time about the boundaries of the temporary airspace regime established for the special military operation.”

• Attack On Russian Plane In Neutral Airspace A Declaration Of War – Antonov (TASS)

A deliberate attack on a Russian aircraft in neutral airspace would be an open declaration of war against the largest nuclear power, Moscow is not seeking confrontation, Russian Ambassador to the United States Anatoly Antonov said on Wednesday. “Some lawmakers’ calls go far beyond common sense,” he said, commenting on US Senator Lindsey Graham’s (from South Karolina) threats to shoot down Russian planes approaching US aircraft in international airspace. “The Russian Ministry of Defense has explained in detail the reasons and course of actions of Russian pilots during yesterday’s incident over the Black Sea. I repeat, for those who have not gathered themselves to look at the situation objectively: our fighters did not come into contact with the American UAV,” he said, commenting on the loss of a MQ-9 American drone. “Russia did everything possible to prevent this kind of incident – it informed the international community in good time about the boundaries of the temporary airspace regime established for the special military operation.”

“Of course, it is a shame for the Pentagon to lose expensive piece of equipment. But in this case, the US military should redirect accusations of unprofessional actions back to themselves,” he noted. “As for the aforementioned senator, this is by no means the first attempt by the notorious lawmaker to provoke a dangerous escalation in the US-Russian relations. A year ago he urged our citizens to make an assassination attempt on the president of Russia. Does Senator Graham really believe that a direct military clash with Russia is in the interests of the voters who entrusted him with their lives and livelihood?” the Russian ambassador noted. “A deliberate attack on a Russian aircraft in neutral airspace is not just a crime under international law, but an open declaration of war against the largest nuclear power. An armed conflict between Russia and the United States would be radically different from the proxy war the Americans are waging remotely against us in Ukraine,” Antonov warned. “Is the Capitol willing to put American citizens and the international community at risk of a full-scale nuclear war? Give us an answer, distinguished Senator!”

“It is not the Russian pilots who should be called out, but American politicians who are inciting the start of an apocalyptic conflict. We do not seek a conflict with a nuclear power. We continue to maintain contacts, including through the Defense Ministry, to prevent unintentional incidents. I wish US politicians had the same attitude toward relations with Russia,” the Russian diplomat stressed. According to Russia’s Defense Ministry, Russian airspace control systems detected an American MQ-9 unmanned aerial vehicle flying near the Crimean Peninsula on Tuesday. The drone flew with its transponders turned off, violating a temporary boundary established for the special military operation, communicated to all users of international airspace, and published in accordance with international standards.

Russia’s top brass added that as a result of sharp maneuvering, the drone went into uncontrolled flight before losing altitude and crashing into the Black Sea. The ministry stressed that Russian fighter jets had not used on-board weapons, nor had they come into contact with the unmanned aerial vehicle, and returned safely to their home airfield. According to the US European Command, one of the two Russian Su-27 warplanes hit the drone’s propeller to make it crash into the Black Sea. MQ-9 Reaper is a modular reconnaissance and strike unmanned aerial vehicle engineered by General Atomics Aeronautical Systems. It is equipped with a turboprop engine and can develop a speed of more than 400 kilometer per hour. The maximal flight duration is 24 hours. The drone is capable of carrying air-to-surface and air-to-air missiles, and laser-guided bombs.

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More talk. Also good.

• Antonov Expressed Russia’s Concerns Over US Activities At State Dept (TASS)

Russian Ambassador to the US Anatoly Antonov disclosed that he discussed Russia’s concerns regarding various aspects of Washington’s activities during the meeting in the US Department of State after the incident involving a US drone in the Black Sea. “Yesterday, I was invited to the Department of State, where I had a 30-minute conversation with Assistant Secretary of State [for European and Eurasian Affairs] Karen Donfried. Notably, we talked for 15 minutes about this particular story, and 15 more minutes – about Russia’s concerns regarding various aspects of activities of the United States of America,” he said on Russian TV Wednesday. According to Antonov, the conversation was calm. “It felt like my colleague simply read out a document that she had before her eyes,” he noted.


The envoy underscored that he categorically rejected all accusations of the American side towards the Russian Armed Forces. Previously, the Russian Defense Ministry announced that the Russian Aerospace Forces detected a US MQ-9 drone flying near the Crimean Peninsula. The drone was reportedly flying with its transponder turned off and “in violation of the boundaries of the temporary airspace use area, defined in order to carry out the special military operation, which has been conveyed to all airspace users and published in accordance to the international norms.” The Defense Ministry added that the drone’s abrupt maneuvering caused it to lose control, lose altitude and crash into the water. Russian jet fighters did not use its weapons and did not collide with the drone, and successfully returned to their bases, the Ministry said.

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“We have noted that some Western media have been mysteriously quiet after Hersh reported that the US was behind the Nord Stream blast. But now these media are unusually simultaneous in making their voice heard. How would the US account for such abnormality?”

• China Comments On ‘Ukrainian Theory’ Of Nord Stream Sabotage (RT)

Chinese Foreign Ministry spokesman Wang Wenbin found it unusual that major outlets in the West uncritically embraced the claim by unnamed US officials that a “pro-Ukrainian group” was responsible for the bombing of Nord Stream natural gas pipelines. At the press briefing on Wednesday, Wang described the pipelines as “vital cross-border infrastructure projects,” whose destruction had a “serious impact on the global energy market and ecological environment.” China wants “an objective, impartial and professional investigation” into the bombing and those responsible held to account, the sooner the better, he added.

Asked to comment on the so-called “Ukrainian theory,” first put forth by anonymous US officials in the New York Times last week, Wang noted the sudden change of behavior by Western media, after they spent a month ignoring the report by journalist Seymour Hersh that blamed the US and Norway. “We have noted that some Western media have been mysteriously quiet after Hersh reported that the US was behind the Nord Stream blast. But now these media are unusually simultaneous in making their voice heard. How would the US account for such abnormality? Is there anything hidden behind the scene?” Wang said. Nord Stream 1 and 2, pipelines built under the Baltic Sea to carry Russian natural gas to Germany and onward to Western Europe, were damaged in a series of explosions in September 2022.

In early February, Hersh published a report detailing how Washington had the pipelines destroyed, describing how US divers planted the explosives and a Norwegian airplane sent the detonation signal. The US government denied all accusations, labeling Hersh’s report “utterly false and complete fiction,” while Russia and China called for an independent and transparent investigation. The Times report quoted unnamed US officials who suggested that the saboteurs were “most likely Ukrainian or Russian nationals, or some combination of the two,” citing unspecified new intelligence. The anonymous officials insisted no US or British nationals were involved, and that there was no evidence President Vladimir Zelensky or any other Ukrainian official directed the attack, either. Kiev has officially denied any responsibility for the Nord Stream blasts.

When he was shown the Times article during an interview, Hersh laughed and asked “Are they that stupid?” referring to the outlet’s anonymous sources. Nonetheless, the story was dutifully repeated by all major Western outlets. Russian president Vladimir Putin was likewise unconvinced. During an interview with Rossiya-1 on Tuesday, he dismissed as “complete nonsense” the notion that non-state actors could be behind the complex act of sabotage. The attacks could have only been “carried out by specialists, and supported by the entire power of a state possessing certain technologies,” he said.

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Not Nord Stream, but Druzhba. “..the devices were found in destroyed plastic cases of “non-industrial production” with a striking warhead in the form of steel balls..”:

• Explosive Devices Found At Russian Pipeline – Transneft (RT)

Workers at the Russian oil pipeline transport company Transneft have reportedly found several explosive devices at the Novozybkov oil-pumping station of its Druzhba pipeline in the Bryansk region near Ukraine, according to company spokesperson Igor Demin. Speaking to TASS, he stated that on Tuesday evening and on Wednesday morning, the devices were found in destroyed plastic cases of “non-industrial production” with a striking warhead in the form of steel balls. “Presumably, the destruction of the cases occurred after hitting the ground when falling from drones,” Demin suggested. He added that on Wednesday afternoon another explosive device was seen being dropped from a UAV, “likely similar to the other two [devices].”

At the same time, the Transneft representative pointed out that the Novozybkov pumping station had not been in operation throughout 2023 and that its reserve tanks are empty. Demin added that, given the steel balls found in the explosives, the perpetrators of the sabotage likely did not intend to destroy the facility but instead wanted to kill members of the civilian personnel working at the Druzhba station.The spokesperson noted that an investigation is currently underway and that nobody at the Novozybkov facility had been injured. The Druzhba (Friendship) oil pipeline is one of the longest in the world and connects eastern parts of Russia to several points in Europe, including Ukraine, Belarus, Poland and Germany. However, the pipeline has repeatedly come under attack from Kiev’s forces since Russia launched its military operation in Ukraine.

The last attack was reported on February 1, when Demin stated that a missile had landed on the territory of the Novozybkov station but ultimately failed to cause any damage or to injure any of the workers. On February 3, another attack was reported by media outlet Mash, but Transneft said it had no information on the alleged incident and that the pipeline was working normally. The pipeline segment that is apparently being targeted by Ukraine is located some 39 kilometers from the border with Russia and leads in the direction of Belarus, where it branches off into two sections, one going to Germany and Poland and the other to Ukraine, Hungary, Slovakia, Austria and the Czech Republic.

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Maybe they can take the place of the Orthodox church.

• Ukraine Wants To Legalize Controversial Hacker Brigade (RT)

Ukraine is drafting a law to legalize its controversial hacker brigade, turning an international pro-Ukrainian “hacktivist” group into a “cyber-reserve” military unit, Newsweek confirmed with a state official in an article published on Tuesday. Secretary of Ukraine’s National Coordination Center for Cybersecurity Natalia Tkachuk told Newsweek that a law regulating the “creation and functioning of cyber forces” was being fast tracked at the Ukrainian Defense Ministry. She added that this new law would be the “basis for building the state’s cyber defense capabilities, engaging cyber volunteers in these activities, and creating a cyber reserve.” Kiev currently has a volunteer hacker brigade called ‘the IT Army of Ukraine’, which it wants to take out of the legal gray area and incorporate into the armed forces in an official capacity.

The IT Army calls itself a “worldwide IT community” that represents President Vladimir Zelensky’s team and is “the supreme power in Ukraine, capable [of blocking] over 800 targets simultaneously.” They invite anyone with a phone to join and help launch distributed denial-of-service (DDoS) attacks on Russian online services, where they flood the sites with internet traffic and cause an outage. The group has claimed responsibility for crashing various Russian sites, including bringing down media websites during Vladimir Putin’s State of the Nation address last month. The IT Army has also been criticized for targeting civilian facilities, including hospitals, in their attacks, according to Newsweek. The report claims that a representative of the group has welcomed the decision to legalize their efforts, even if it meant dissolving the existing IT Army to transform into an official army unit.

This comes as Russia and Belarus signed a new digital safety agreement earlier this month to “increase the protection of the information infrastructure” and “combat destructive influences on the information resources” of the two states. At the same time, many Western outlets are issuing warnings on alleged Russian cyber warfare. Most recently, CNN said on Wednesday that Russian hackers were targeting European military and transport organizations, citing a Microsoft report. Similarly, German Interior Minister Nancy Faeser told Funke media group last month that Moscow’s hackers were a “massive danger” to Berlin.

Orthodox

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A gruesome history piece.

• How Russian Identity Was Wiped Out In What Is Now Western Ukraine (Plotnikov)

Galicia, a historical region in the West of Ukraine, is currently the center of the country’s nationalist movement. However, things were once very different. A little over a hundred years ago, representatives of opposing Russophile and pro-Ukrainian political movements competed for the loyalty of the local Ruthenian population, also known as Rusyns. Galicia’s Russophiles welcomed the beginning of the First World War as a step toward an anticipated reunion with Russia. However the Ukrainian movement remained loyal to Austria-Hungary. With the help of the latter, Vienna killed off the Rusyn intelligentsia, which it considered a “fifth column”. To accomplish this, the Hapsburgs set up concentration camps. What happened next amounted to a genocide.

By the start of the First World War, the Russophile movement in Galicia was experiencing tough times. As a result of the “divide and rule” policy implemented by the Austrians, the movement suffered a split. The oldest and most respected organizations ended up in the hands of pro-Austrian leaders who advocated Ukrainian, not Rusyn, identity. After the army of the Russian Empire crossed the border on August 18, 1914, and launched an offensive in Galicia, mass repressions swept through the region. People fell victim to the rage of the Austrian authorities over trifling matters – like possessing Russian literature, being a member of a Russian society, having a Russian education, or just sympathizing with Saint Petersburg. In some cases, people were arrested just for calling themselves Russians. Prisons were full of “enemies of the state” and “dangerous Moscow agents”, and the streets were lined with gallows.

“Those suspected of ‘Russophilia’ were hung on these trees in front of the windows. People were hung right on the trees. They would hang there for a day, then would be taken off and others would take their place… ” recounted one of the peasants in the Gorodetsky district. The repressions primarily affected the intelligentsia and Orthodox priests, most of whom completed spiritual studies in the Russian Empire. Repressions against the intelligentsia were followed by those against the general public. Anyone who was thought to sympathize with Russia or Russian culture became a suspect. This included people who had once visited Russia, read Russian newspapers, or were just known as “Russophiles.” Military courts worked around the clock and a simplified procedure of legal proceedings was introduced for cases of suspected treason.

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Renz spreads his wings beyond COVID.

• The Tyrants Are Passing State Laws to Push CBDCs (Thomas Renz)

For those that are living under a rock (or that have more interesting things to do than follow monetary policy) CBDC stands for Central Bank Digital Currency and it, along with gene therapy jabs, stands as the greatest threat to freedom on the planet. Digital currency is completely trackable and completely controllable. This means that the government and any corporation with the proper access will be able to know exactly how you spend every digital penny of your money. It also means that the government (or possibly global governments or global corporations) would have the ability to control what you spend your money on. Spend too much on gas they take some of your money for emitting too many greenhouse gases. Want to buy a gun… forget it.

If you think this sounds terrible you are not alone, nearly no one wants this. That means it is quite literally politically impossible to legislate CBDC into existence at the moment. Despite that, the control available to the many tyrants at the WEF, CCP, etc. is too tempting to resist so they are doing everything possible to leverage their control over the crooks like Biden and the many ignorant elected officials in our government to make it a reality. So, the question is, how are they doing it?

If COVID taught us anything it was that an emergency, real or faked, facilitates a lot of things that would never happen otherwise. The tyrants know this and are in the process of creating financial emergencies that will allow them to argue that there is no alternative but to implement CBDCs. The Biden Administration is implementing policy after policy that devalues the American dollar by limiting Americas ability to mine its own resources or produce its own goods while printing endless money. This will (or more likely is) facilitate an economic collapse. Meanwhile, WEF/CCP partner groups like Black Rock and Vanguard are leveraging their positions as major stakeholders in small and midsized banks to force the banks to accept terrible ESG and other risky investments that will, when combined with the inflation/devalued dollar and scarce resources, result in their collapse. This is an obvious thing to anyone that truly understands the inner-workings of banking (I ran a credit union for a number of years, was a compliance expert, and was involved in a number of national-level groups/projects).

Along with the effort to collapse the dollar and our banking system, the tyrants are also pushing legislation that can allow CBDCs to exist legally and without competition. This is being done in a VERY sneaky way because of the massive political opposition to anything CBDC-related. At this point, the major focus is on passing state-level legislation – particularly in a number of key RED states. Bills are being pushed that appear innocuous but are written to create a check-mate situation when CBDCs come into play. That way these red states won’t be able to oppose it.

BBC vaxx doc

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“That’s madness, and in a world of nuclear hellfire madness can indeed lead to you glowing in the dark..”

• GOP Candidates: Pay Attention DC (Denninger)

Yes, Russia may be a nation with a modest GDP that exports black goo to the world in order to stay alive but it is a nation with a modest GDP that exports black goo and happens to have many thousands of nuclear devices on the business end of missiles and torpedoes both on land and sea. If sufficiently threatened with political extinction I would expect them to use those rather than die in peace and if you don’t you’re more than a bit crazy. Those (like Pence) who think Russia is the schoolyard bully who threatens but doesn’t have a pistol under his jacket are even more-insane. He knows the weapons are real, of course, as does everyone else, and for anyone to believe that a sovereign nation will simply fold to an outside influence rather than use whatever they have when facing their own political extinction due to said outside influence is to be imbued with a God Complex that should, in a Representative Republic, be an instant and permanent disqualifier from any high office in this land.


Why? Because if you believe this then you must acquiesce under the principle of “All humans are created equal and are endowed by their creator with certain unalienable rights” to extend to those other nations and if it is our place to tell them what is “acceptable” in a government and remove by force those who deem not to be then the exact same principle applies to those other nations. In other words if you hold this principle then you are endorsing Putin assassinating not just the present government (all of said government, including Congress, the Justices of the Supreme Court and the Executive) but also yourself ex-ante before the election! Oh this “right”, which you arrogate to yourself and the United States, does not just extend to Putin. It also extends to Xi, never mind every other leader of every other nation. That’s madness, and in a world of nuclear hellfire madness can indeed lead to you glowing in the dark. We would be wise to reject that with finality.

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I’m getting curious: just how careless did the family become? There are 5 of them, and they all like money. I would like to know more, though, about the “two individuals tied to the Chinese Communist Party”. What ties?

• Which Biden Family Member Got Cut Of $3M CCP-Linked Wire? (ZH)

Washington DC is abuzz with speculation over which Biden family member got a cut of a $3 million wire transfer to Hunter Biden associate John “Rob” Walker, just weeks after Joe Biden was no longer Vice President in 2017.According to House Oversight Committee Chairman James Comer (R-KY) – who last week said that evidence of CCP money flowing to the Biden family was “as bad as we thought,” – revealed that bank records obtained via a subpoena have implicated a “new Biden family member” in the ongoing investigation into the first family’s finances. Comer told Fox News that Walker received a $3 million wire from two individuals tied to the Chinese Communist Party, which he then divvied up between Biden family members.

“The very next day after that wire was received, the Walker account started transferring money into three different Biden family members’ accounts, including a new Biden family member that’s never before been identified as someone being involved in the influence-peddling scheme,” Comer told host Sean Hannity (as part of several recent interviews on the network). According to Comer, GOP investigators are curious about what work Biden family members performed in exchange for the money Walker disbursed. Comer added that the $3 million wire transfer was “just the first wire that we’ve actually been able to obtain bank records on. There are many, many more.”

“The media says, ‘Well, this is a Hunter Biden investigation.’ This is an investigation of Joe Biden. And we’re investigating the Biden family and again, after this new batch of information, it expands,” Comer told “America’s Newsroom.” “There are more family members involved in this than just the president’s son. And what they’ve said in the media, ‘Oh, this was for business.’ We can’t identify any business. It appears it went into their personal account,” Comer continued, adding that he thinks that the Biden family was running an influence-peddling operation as unregistered foreign agents. “In his 2020 book, “Profiles in Corruption: Abuse of Power by America’s Progressive Elite,” investigative journalist Peter Schweizer highlighted four Biden family members in addition to Hunter who have apparently profited off their family name, as well as the connections Joe Biden has made during his nearly 50 years in politics.

Schweizer highlighted first brother James Biden’s work with HillStone International, a subsidiary of construction management firm Hill International. James Biden, according to Schweizer, joined the firm as an executive vice president just three weeks after HillStone International president Kevin Justice visited the White House in November 2010 and met with an adviser to then-Vice President Joe Biden.” -NY Post So, everything they accused the Trump family of doing?

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A little-known feature of Russia is that it has an extensive inland waterway system, known as the Unified Deep Water System of European Russia. The system links the Baltic, Black, Azov, White and Caspian seas together. Russian warships and submarines, up to a certain class (kilo-class for submarines), can theoretically access the Black Sea via this system, bypassing Turkey and the Montreux Convention.

 

 

Gates Epstein

 

 

 

 

 

 

Hawk

 

 

Sleepy friends

 

 

 

 

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Debt Rattle March 15 2023

Mar 152023
 
 March 15, 2023  Posted by at 9:40 am Finance Tagged with: , , , , , , , , ,  48 Responses »


Ray K. Metzker Marseille 1961

 

• US Drones Gather Data For Kiev’s Future Strikes On Russia – Ambassador (TASS)
• Saudi-Iranian Détente Is a Wake-Up Call for America (Walt)
• Glazyev: ‘The Road To Financial Multipolarity Will Be Long And Rocky’ (Escobar)
• Ukraine Doesn’t Have the Resources for a Counteroffensive (Antiwar)
• Russian Economic Sovereignty Increased Exponentially – Putin (RT)
• Current World Problems Began After Soviet Union’s Collapse – Putin (TASS)
• Russia In Ukraine Fights For Russian World – Putin (TASS)
• Russia Trying To Normalize Relations With Ukraine For Decades – Putin (TASS)
• The Nord Stream-Andromeda Cover Up (Scott Ritter)
• Nord Stream Blasts Staged By A State-level Actor – Putin (TASS)
• Canadian Foreign Minister Calls For “Regime Change” in Russia (SN)
• Defending Ukraine Not Key US Interest – DeSantis (RT)
• Biden Admin Blocked SVB Sale, Nationalized It, Blamed Trump For Collapse (ZH)
• Democrats Scramble To Find A Scapegoat For The Bank Crisis (ZH)
• Ken Griffin: American Capitalism Is “Breaking Down Before Our Eyes” (ZH)
• Pfizer Wants EU To Keep Paying For Unused Covid Jabs – FT (RT)

 

 


Hollywood 1931
Einstein: “What I most admire about your art, is your universality. You don’t say a word, yet the world understands you!”
Chaplin: “True. But your glory is even greater! The whole world admires you, even though they don’t understand a word of what you say.”

 

 

 

 


Ditto for 90s.

 

 

Stone Putin Trump

 

 

China warns, guardrails are coming off

 

 

 

 

Lindsey Graham

 

 

Taiwan

 

 

 

 

Where it was flying, towards Russia, with its transponder turned off. Completely ormal.

• US Drones Gather Data For Kiev’s Future Strikes On Russia – Ambassador (TASS)

US drones are collecting reconnaissance data to be used by the Kiev forces for their future strikes on the Russian territory and Russian troops, Russian Ambassador to the United States Anatoly Antonov has said. “The unacceptable actions of the United States military in the close proximity to our borders are cause for concern. We are well aware of the missions such reconnaissance and strike drones are used for,” the ambassador was quoted as saying in a communique, issued in connection with Tuesday’s US MQ-9 Reaper drone’s crash in the Black Sea.

The Russian diplomat quoted US National Security Council Coordinator for Strategic Communications John Kirby as saying that US UAVs make these kinds of overflights on a daily basis. “What do they do thousands of miles away from the United States? The answer is obvious – they gather intelligence which is later used by the Kiev regime to attack our armed forces and territory,” Antonov said. “We proceed from the fact that the United States will refrain from further speculations in the media landscape and stop making sorties near the Russian borders,” he added.

https://twitter.com/i/status/1635880585158705153

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Too late to wake up.

• Saudi-Iranian Détente Is a Wake-Up Call for America (Walt)

The détente between Saudi Arabia and Iran—with China playing a facilitating role—is not as momentous as Richard Nixon’s visit to China in 1972, Anwar Sadat’s trip to Jerusalem in 1977, or the 1939 Molotov-Ribbentrop Pact. Even so, if the agreement sticks, it’s a pretty big deal. Most importantly, it is a wake-up call for the Biden administration and the rest of the United States’ foreign-policy establishment, because it exposes the self-imposed handicaps that have long crippled U.S. Middle East policy. It also highlights how China is attempting to present itself as a force for peace in the world, a mantle that the United States has largely abandoned in recent years.

How did China pull this off? Efforts to lower the temperature between Riyadh and Tehran had been underway for some time, but China could step in and help the two parties reach agreement because its dramatic economic rise has given it a growing role in the Middle East. More importantly, China could mediate between Iran and Saudi Arabia because it has cordial, business-like ties with a majority of countries in the region. China has diplomatic relations and does business with all sides: Egypt, Saudi Arabia, Israel, the Gulf States, even Bashar al-Assad in Syria. That’s how a great power maximizes its leverage: You make it clear that you’re willing to work with others if they are willing to work with you, and your ties with others remind them that you have other options, too.

The United States, by contrast, has “special relationships” with some countries in the Middle East and no relationship at all with others, most notably Iran. The result is that client states such as Egypt, Israel, or Saudi Arabia take U.S. support for granted and treat its concerns with ill-disguised contempt, whether the issue is human rights in Egypt, the Saudi war in Yemen, or Israel’s long and brutal campaign to colonize the West Bank. At the same time, our mostly futile efforts to isolate and topple the Islamic Republic have left Washington with essentially zero capacity to shape Iran’s perceptions, actions, or diplomatic trajectory. This policy—a product of the assiduous efforts of the American Israel Public Affairs Committee, the Foundation for Defense of Democracies, etc., and well-funded Arab government lobbying efforts—may be the clearest example of an own goal in contemporary U.S. diplomacy.

By demonstrating that Washington can’t do much to advance peace or justice in the region, it has left the field wide open for Beijing. The Saudi-Iranian deal also highlights an important dimension of the emerging Sino-American rivalry: Will Washington or Beijing be seen by others as the best guide to a future world order? Given the United States’ outsized global role since 1945, Americans have become accustomed to assuming that most states will follow our lead, even when they have reservations about what we are doing. China would like to alter that equation, and portraying itself as a more likely source of peace and stability is a key part of that effort.

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“..the geoeconomics of multipolarity..”

• Glazyev: ‘The Road To Financial Multipolarity Will Be Long And Rocky’ (Escobar)

The headquarters of the Eurasian Economic Commission (EEC) in Moscow, linked to the Eurasia Economic Union (EAEU) is arguably one of the most crucial nodes of the emerging multipolar world. That’s where I was received by Minister of Integration and Macroeconomics Sergey Glazyev – who was previously interviewed in detail by The Cradle – for an exclusive, expanded discussion on the geoeconomics of multipolarity. Glazyev was joined by his top economic advisor Dmitry Mityaev, who is also the secretary of the Eurasian Economic Commission’s (EEC) science and technology council. The EAEU and EEC are formed by Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia. The group is currently engaged in establishing a series of free trade agreements with nations from West Asia to Southeast Asia.

Our conversation was unscripted, free flowing and straight to the point. I had initially proposed some talking points revolving around discussions between the EAEU and China on designing a new gold/commodities-based currency bypassing the US dollar, and how it would be realistically possible to have the EAEU, the Shanghai Cooperation Organization (SCO), and BRICS+ to adopt the same currency design. Glazyev and Mityaev were completely frank and also asked questions on the Global South. As much as extremely sensitive political issues should remain off the record, what they said about the road towards multipolarity was quite sobering – in fact realpolitik-based.

Glazyev stressed that the EEC cannot ask for member states to adopt specific economic policies. There are indeed serious proposals on the design of a new currency, but the ultimate decision rests on the leaders of the five permanent members. That implies political will – ultimately to be engineered by Russia, which is responsible for over 80 percent of EAEU trade. It’s quite possible that a renewed impetus may come after the visit of Chinese President Xi Jinping to Moscow on March 21, where he will hold in-depth strategic talks with Russian President Vladimir Putin.

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Depleted. ‘I’m afraid of the sound of the shot,’” he added.

• Ukraine Doesn’t Have the Resources for a Counteroffensive (Antiwar)

A senior Ukrainian government official told The Washington Post that Kyiv doesn’t have the resources to pull off a big counteroffensive in the coming months as Ukraine is lacking skilled troops, munitions, and other equipment. “If you have more resources, you more actively attack,” said the official, who spoke to the Post on the condition of anonymity. “If you have fewer resources, you defend more. We’re going to defend. That’s why if you ask me personally, I don’t believe in a big counteroffensive for us. I’d like to believe in it, but I’m looking at the resources and asking, ‘With what?’ Maybe we’ll have some localized breakthroughs.” The official said Ukraine doesn’t have “the people or weapons” to pull off a counteroffensive. “And you know the ratio: When you’re on the offensive, you lose twice or three times as many people. We can’t afford to lose that many people,” the official said.

The Post also spoke with a Ukrainian battalion commander who went by the name of Kupol and detailed the grim situation on the frontlines. Kupol said his battalion previously withdrew from the town of Soledar, which is near the eastern city of Bakhmut, and came under Russian control in January. Kupol said of his battalion of 500 troops, 100 were killed, and about 400 were wounded, leading to a complete turnover. He’s now being sent soldiers with no combat experience and very little training. “I get 100 new soldiers,” Kupol said. “They don’t give me any time to prepare them. They say, ‘Take them into the battle.’ They just drop everything and run. That’s it.” “Do you understand why? Because the soldier doesn’t shoot. I ask him why, and he says, ‘I’m afraid of the sound of the shot,’” he added.

The Post report said that Ukraine has sent in an influx of draftees to replace more experienced soldiers who have been killed or wounded. It said that as more Ukrainian men who didn’t volunteer fear they will get called to battle, Ukraine’s security services shut down Telegram accounts that were helping Ukrainians avoid locations where authorities were handing out draft slips. Kupol said Ukrainian forces are also fighting with very little ammunition. “You’re on the front line,” he said. “They’re coming toward you, and there’s nothing to shoot with.” The Kyiv Independent also recently spoke with Ukrainian soldiers who said they were fighting without much ammunition, training, and support.

Ukraine is taking heavy losses in its battle defending Bakhmut, but it’s keeping a tight lid on its casualty numbers. A German official said including dead and wounded, Ukraine has suffered 120,000 troops, but the number could be much higher. Despite the dire conditions for the Ukrainian troops, Kyiv is still sending untrained soldiers into what has become known as the “meat grinder” in Bakhmut. Yevgeny Prigozhin, the head of Russia’s Wagner Group, said Sunday that Ukraine was “supplying endless reserves” and that fighting was getting fiercer as Russian forces are trying to push through to the western part of the city.

Bakhmut

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“.. the fundamental foundations of Russia’s stability are now “much stronger than anyone could previously imagine.”

• Russian Economic Sovereignty Increased Exponentially – Putin (RT)

The Russian economy hasn’t collapsed due to sweeping Western restrictions, President Vladimir Putin has stated, noting that, on the contrary, its sovereignty has grown many times over. Putin, who was meeting with aircraft factory employees in Ulan-Ude, Buryatia, on Tuesday, noted the country had passed a very important stage in its development, which could be the most important result of 2022. “We have exponentially increased our economic sovereignty. After all, what did our adversary count on? That we would collapse in two or three weeks or in a month,” the Russian leader said.


“The expectation was that enterprises would cease due to our partners refusing to work with us, the financial system would collapse, tens of thousands of people would be left without work, take to the streets, protest, Russia would be shaken from the inside and collapse. That was their intention, but this did not happen,” Putin declared. He pointed out that the Russian financial system has survived, growing stronger and becoming more independent, thanks to the actions of the central bank. Putin also indicated that the unemployment rate in the country was currently at a historically low level of 3.6%, while GDP has fallen by only 1.2%. According to the Russian president, the fundamental foundations of Russia’s stability are now “much stronger than anyone could previously imagine.”

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More from Putin’s meeting with aircraft factory employees in Ulan-Ude, Buryatia.

• Current World Problems Began After Soviet Union’s Collapse – Putin (TASS)

Modern international problems began after the collapse of the Soviet Union, Russian President Vladimir Putin said while answering a question of one of the employees of the Ulan-Ude aircraft-building plant during a visit to the enterprise on Tuesday. “Of course, all the problems began after the collapse of the Soviet Union. Why? Because the then world order – in a sense it still exists today – was built after World War II by the countries that won that war. First of all, the United States and the Soviet Union,” Putin said. He recalled that the states then “distributed the zones of their influence among themselves and did not interfere with each other.” “Of course, there were enough problems, including the Caribbean crisis, but nevertheless [the USSR and the US] coexisted,” he said.


Putin stressed that the system of the bipolar world “began to crumble down” after the collapse of the USSR, when geopolitical interests turned out to be more important for the West than confrontation with the Soviet Union. “Frankly speaking, it seemed to the people of my generation, including myself, and even a little bit younger ones, that yes, it was regrettable that the Soviet Union collapsed, but nevertheless, the basis for confrontation between the former Soviet Union and modern Russia and the Western world was gone, that that basis disappeared and there were no ideological foundations for confrontation anymore,” Putin said. “It seemed that now everything would be fine forever. It turned out that this was not so. It turned out that the geopolitical interests of our <…> partners were much more important than, among other things, contradictions with the former Soviet Union,” he added.

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“For us, this is a struggle for our people who live on these territories,” the president stressed. “We are a multi-ethnic country. But still, this is the Russian world..”

“For us, it is a struggle for the existence of Russian statehood..”

• Russia In Ukraine Fights For Russian World – Putin (TASS)

Russia cannot abandon the Russian-speaking population and it is fighting for the Russian world in Ukraine, Russian President Vladimir Putin said on Tuesday, while answering a question from one of the employees of the Ulan-Ude Aviation Plant. “For us, this is a struggle for our people who live on these territories,” the president stressed. “We are a multi-ethnic country. But still, this is the Russian world. If you chance to have a word with the people who come from there – I’ve met some of them – they are no different from you and me! They are the same as we are. They are part of us, how can they be abandoned?” Putin added. He stressed that Russia had spent eight years trying to solve the Donbass issue peacefully, but was repeatedly fooled. “We spent eight years trying to persuade our so-called partners to resolve the Donbass issue peacefully. It has now turned out that they fooled, deceived us. They aren’t shy to say it publicly,” Putin stated.


He stressed that Russia, unlike the West, was fighting not for its geopolitical position, but for the existence of its statehood. “Whereas for our Western partners, so-called, for our opponents today – we can now say this directly – the point at issue is an improvement of the geopolitical position, then for us, bearing in mind the prehistory of the last eight to ten years, everything that is happening now is not just an improvement of some geopolitical position. <…> For us, it is a struggle for the existence of Russian statehood,” Putin said. Putin stressed that the enemy’s sole task was to shake loose the Russian state and “to tear it apart.” “For us this is not a geopolitical task, but the task of the ensuring the survival of Russian statehood and of creating conditions for the future development of our country and our children,” he concluded.

Tucker churches

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“..after 2014 the physical extermination of those who advocated the development of normal relations with Russia began.”

• Russia Trying To Normalize Relations With Ukraine For Decades – Putin (TASS)

Russia had been patiently trying to normalize situation with Ukraine for decades but the situation changed after the state coup in 2014, Russian President Vladimir Putin said on Tuesday. “As a matter of fact, we had been patiently trying to normalize relations with the modern Ukrainian state for decades,” he said at a meeting with workers of the Ulan-Ude aircraft-building plant. “The situation changed dramatically in 2014 when the West-instigate state coup was staged.” According to Putin, in its relations with Ukraine, Russia relied on those who considered themselves as part of the large Russian world, but in 2014 their extermination began.


“We relied not just on the Russian-speaking population [in Ukraine]. The whole country there is essentially Russian-speaking. We relied on those who considered themselves as part of the large Russian world, part of our culture, part of our language environment and part of our common traditions. We relied on these people,” Putin said. He stressed that “after 2014 the physical extermination of those who advocated the development of normal relations with Russia began.” The president recalled that when the problem of Crimea emerged, Russia simply could not but support those people.

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“Simply put — no decompression chamber, no dive, no story.”

• The Nord Stream-Andromeda Cover Up (Scott Ritter)

The same day the German reporting on the new Nord Stream attack narrative broke, The New York Times ran a front-page story entitled “Intelligence Suggests Pro-Ukrainian Group Sabotaged Pipelines, US Officials Say.” For the first time, The New York Times referred to Hersh’s reporting, writing, “Last month, the investigative journalist Seymour Hersh published an article on the newsletter platform Substack concluding that the United States carried out the operation at the direction of Mr. Biden,” before closing with “U.S. officials say Mr. Biden and his top aides did not authorize a mission to destroy the Nord Stream pipelines, and they say there was no U.S. involvement.” As if echoing the Biden White House denials, The New York Times led off with this:

“New intelligence reporting amounts to the first significant known lead about who was responsible for the attack on the Nord Stream pipelines that carried natural gas from Russia to Europe”. The New York Times, it seems, was more than happy about proceeding with its own anonymous intelligence sources, while dismissing Hersh’s. The problem with both the German reporting and that of The New York Times (whose source was clearly referring to the same data reported by the German reporters) is that the Andromeda narrative doesn’t hold water. Take, for instance, the Tom Clancy-like tale of derring-do that has four allegedly Ukraine-affiliated divers defy physiology by conducting dives that would require the use of a decompression chamber for them to survive an ascent of 240 feet (the depth of the Nord Stream pipelines that were destroyed).

A rule of thumb is that decompression takes approximately one day per 100 feet of seawater plus a day. This means that the team of divers would have required three days of decompression per dive. But to decompress, one needs a decompression chamber. For a dive involving two divers, the Andromeda would have to have been outfitted with either a two-person Class A decompression chamber, or two single-person Class B chambers, as well as the number of large oxygen bottles needed to operate these chambers over time. A simple examination of the interior cabin space of the Bavarian C50 yacht would quickly dispossess one of any notion that either option was viable. Simply put — no decompression chamber, no dive, no story.

[..] a standard high-explosive charge of several hundred kilograms would not be sufficient to cause the destruction that occurred on the Nord Stream pipeline. Enter Hersh, who reported that the explosives used were “shaped charges.” With a shaped charge, the energy of the explosion is focused in one direction, usually by creating a concave shape in the explosive that is them lined with a metal sheet, so that it usually achieves an armor- and/or concrete-penetrating effect. Without getting too technical, the design of an underwater shaped charge that would be sufficient to penetrate concrete-lined steel pipe at a depth of 240 feet is not common knowledge. The charge would have to be prepared by qualified explosives experts and ideally tested prior to being employed operationally to validate the design and functionality of the device. These are not tasks undertaken by a small ad hoc team of Ukrainian underwater saboteurs, but rather state-sponsored actors with access to military grade explosives and testing facilities.

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“An explosion of this kind – of such power, at such depth, can only be carried out by specialists, and supported by the entire power of a state, possessing certain technologies…”

• Nord Stream Blasts Staged By A State-level Actor – Putin (TASS)

Only a state-level actor could have pulled off such a large-scale sabotage operation, the Russian president said. Russian president Vladimir Putin has dismissed as “nonsense” recent claims that the attack on the Nord Stream natural gas pipelines might have been carried by “Ukrainian activists.” The president made the remarks on Tuesday during his visit to an aircraft plant in the capital city of Russia’s Buryatia republic, Ulan-Ude. “I’m sure this is complete nonsense. An explosion of this kind – of such power, at such depth, can only be carried out by specialists, and supported by the entire power of a state, possessing certain technologies,” Putin told reporters.

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Deaf, dumb and blind.

• Canadian Foreign Minister Calls For “Regime Change” in Russia (SN)

Canadian Foreign Minister Mélanie Joly admitted that the long term goal of western involvement in Ukraine is not merely to see Moscow defeated, but to enact “regime change” in Russia. Joly made the comments while her government announced new sanctions against the import of Russian aluminum and steel. “We’re able to see how much we’re isolating the Russian regime right now — because we need to do so economically, politically and diplomatically — and what are the impacts also on society, and how much we’re seeing potential regime change in Russia,” Joly stated. “The goal is definitely to do that, is to weaken Russia’s ability to launch very difficult attacks against Ukraine. We want also to make sure that Putin and his enablers are held to account,” she added.

Russian ambassador to Canada Oleg Stepanov reacted to Joly’s remarks by stating that they may have been a “Freudian slip of the tongue.” “What she or other decision-makers in Ottawa don’t want to recognize is that the current Russian policy is supported by the ultimate majority of the nation,” Stepanov said. A similar awkward ‘slip of the tongue’ occurred back in January when Germany’s foreign minister Annalena Baerbock acknowledged, “We are fighting a war against Russia, and not against each other.” Joly’s comments will only serve to bolster Vladimir Putin’s assertions that NATO support for Ukraine is about isolating Russia and eventually overthrowing its government. Ukrainian president Volodymyr Zelensky recently warned that if Ukraine loses then Americans “will have to send their sons and daughters” to war with Russia over the Baltic states “and they will have to fight” and “they will be dying.”

Former UK Defense Minister Sir Gerald Howarth also said last month that NATO may need to send ground forces to Ukraine. The US military-industrial complex is making massive gains as a result of the war in Ukraine and other global conflicts, with weapons manufacturers enjoying soaring profits. Data released by the State Department shows that US weapons sales to other countries rose from $103.4 billion in 2021 to $153.7 billion in 2022.

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“The Biden administration are the ones who got us into this mess.”

• Defending Ukraine Not Key US Interest – DeSantis (RT)

Becoming increasingly involved in the military confrontation between Ukraine and Russia is not a key interest for the US, Florida’s Republican governor Ron Desantis wrote in response to a question posed by Fox News host Tucker Carlson on Monday. Carlson asked several “2024 GOP hopefuls” whether opposing Russia in Ukraine was a “vital strategic interest” for the US and shared DeSantis’ response on Twitter. The governor stated that the US had many “vital national interests,” such as securing its borders, addressing the recruitment crisis within the US military, achieving energy security and independence, and “checking the economic, cultural, and military power of the Chinese Communist Party.” However, becoming “further entangled in a territorial dispute between Ukraine and Russia is not one of them,” DeSantis noted.

He added that the Biden administration’s policy of issuing virtual “blank checks” to Ukraine in order to fund the conflict for “as long as it takes,” without any defined objectives or accountability, only serves to distract from the most pressing challenges currently facing the US. The governor also blasted Washington for effectively driving Russia closer to China, which he believes represents a much greater threat than Moscow. DeSantis, who many expect to contend for the US presidency in the 2024 elections, has set himself apart from other top Republican leaders with his stance on Ukraine. Responding to the same question, former vice president Mike Pence insisted that “there is no room for Putin apologists in the Republican Party” and that Putin must be stopped to prevent Russia from moving toward Washington’s NATO allies.

Senate Minority leader Mitch McConnell has also pledged the Republican party’s commitment to the Ukrainian war effort. In his response to Carlson’s question, former president Donald Trump insisted that the conflict, which he believes would have never happened if he’d been in office, must end as soon as possible and that the US president must meet with both sides and quickly work out a deal. He also stated that while opposing Russia in Ukraine is not a vital American national strategic interest for the US, it is important for Europe. “That is why Europe should be paying far more than we are, or equal,” Trump said. Asked if the US should support regime change in Russia, the former president stated that he did not, and instead called for regime change in the United States itself. “That’s far more important,” he wrote. “The Biden administration are the ones who got us into this mess.”

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“..the Biden Admin had a whitelist of companies that were allowed to buy the failed bank & companies that weren’t.”

• Biden Admin Blocked SVB Sale, Nationalized It, Blamed Trump For Collapse (ZH)

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“..any pursuit of new QE in the face of a credit crunch would lead to an immediate spike in inflation once again, crushing the middle class..”

• Democrats Scramble To Find A Scapegoat For The Bank Crisis (ZH)

What Democrats do not seem to understand is that the easing of Dodd-Frank capital requirements was in direct response to the Federal Reserve’s announced plan to tighten liquidity and raise interest rates through 2018. With more expensive credit and a shrinking Fed balance sheet, reducing requirements for bank buffers was one of the few ways to prevent the stimulus addicted lending sector from plummeting. The extra capital also allowed banks to continue lending to companies that engage in stock buybacks, keeping stock markets afloat. With a larger capital buffer even more liquidity dries up, revealing the true economic weakness underneath that Dems have denied for the past few years. So, if Biden and the Dems get what they want (more strict capital requirements for banks), then there will be an even swifter collapse of markets and the overall economy due to lack of liquidity.

By the end of 2018, markets began to plunge anyway under the strain of higher interest rates, which led to the Fed reversing course, and this seems to be what Democrats are really hoping for. They have called for endless liquidity measures and have consistently demanded lower rates and looser monetary policy. However, when Donald Trump’s Administration called for rate cuts during his term, Dems attacked. Once again, when Republicans do it, it’s wrong; when they do it, it’s good policy. Another issue to consider is that each successive program by the Fed to employ bailouts and QE accelerates the inflation crisis. While both sides of the aisle seem to want helicopter money when they are in power so they can boast about rising stock markets and improved employment, the Dems are now facing a systemic stagflationary event; the same event they originally claimed did not exist.

This means that any pursuit of new QE in the face of a credit crunch would lead to an immediate spike in inflation once again, crushing the middle class. Are Democrats willing to accept responsibility for something like that? Not a chance. The Biden Administration has so far taken full credit for the slowdown of consumer inflation as well as the shrinking deficit, but these changes are only due to the tightening actions of the central bank which sets policy independent of the White House. Democrats can’t have it both ways – They can’t take credit for reduced inflation when the Fed tightens policy against their wishes, and then not take credit for the consequences of higher inflation when they badger the Fed to inject more stimulus. The only recourse for the political left is to somehow lay the blame on conservatives no matter which way the wind blows, inflation or deflation.

Emergency congressional hearings have been organized to determine the cause of the SVB crisis and the course of action needed. Democrats including Sen. Sharrod Brown and Rep. Maxine Waters were quick to applaud the backstop initiated by the Fed and the Treasury Department, attempting to calm market concerns and reassure investors and depositors that all is well. Maxine Waters stated that Republicans and Democrats needed to “work together to protect the safety of the financial system”, which is likely a thinly veiled assertion that Republicans must support raising the debt ceiling and commit to even more spending.

Tucker CBDC

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It’s already broken.

• Ken Griffin: American Capitalism Is “Breaking Down Before Our Eyes” (ZH)

In contrast to billionaire Bill Ackman’s praise for the federal government’s bailout of SVB depositors, Citadel founder Bill Griffin is not impressed, telling The FT that this action by US regulators shows American capitalism is “breaking down before our eyes”. As a reminder, the FDIC’s Deposit Insurance Fund normally guarantees up to $250,000 in deposits, which protects small retail customers including mom-and-pop businesses. Banks pay for this guarantee with insurance premiums, but the insurance fund isn’t intended to backstop deposits of bigger customers with more capacity to weather losses if a bank goes under. Yet, as The Wall Street Journal’s Editorial Board remarks, after venture capitalists (Democratic donors) and Silicon Valley politicians howled, the FDIC on Sunday announced it would cover uninsured deposits at SVB and Signature Bank under its “systemic risk” exception.

Apparently, Silicon Valley investors and startups are too big to lose money when they take risks. They benefited enormously from the Fed’s pandemic liquidity hose, which caused SVB’s deposits to double between 2020 and 2021. SVB paid interest of up to 5.28% on large deposits, which it used to fund loans to startups. But now the FDIC is guaranteeing a risk-free return for startups and their investors. Uninsured deposits normally take a 10% to 15% hair cut during a bank failure. Some 85% to 90% of SVB’s $173 billion in deposits are uninsured. The cost of this guarantee could be $15 billion. The White House says special assessments will be levied on banks to recoup these losses.

That means bank customers with less than $250,000 in deposits will indirectly pay for this through higher bank fees. In other words, this is an income transfer from average Americans to deep-pocketed investors. Griffin warned a year ago that price pressures will remain stubbornly persistent, forcing policymakers to need to hit the brakes “hard”, which will likely cause a recession, which, he warned, will leave the West facing “existential” problems. A year later, he was proved right as The Fed’s aggressive rate-hikes “broke something”… “The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” he said in an interview on Monday. “There’s been a loss of financial discipline with the government bailing out depositors in full,” Griffin added.

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Now do we fire Ursula?

• Pfizer Wants EU To Keep Paying For Unused Covid Jabs – FT (RT)

Pfizer has offered to extend its Covid-19 vaccine contract with the European Union while scaling back deliveries, but still expects the bloc to pay billions of euros for unused doses amid a major supply glut in some countries, the Financial Times reported. The offer prompted outrage from a handful of member states, who say the deal would serve the interests of Big Pharma over their own citizens. The contract extension would push the vaccine agreement out to 2026, with a proposed 40% reduction in the number of doses supplied as well as delays to deliveries, the Times reported on Tuesday, citing two unnamed officials. However, despite the suggested cuts, the US pharma giant still insists that it be paid for the full number of doses originally agreed upon, many of which would never be produced under the new terms.

The amendments to the deal – the full text of which has never been made public – were presented by European health commissioner Stella Kyriakides during a closed-door meeting in Brussels on Tuesday, but faced objections from some EU members. In a joint statement issued following the meeting, officials from Bulgaria, Hungary, Lithuania and Poland said they would not sign the agreement with the proposed changes, as they “do not present a final and fair solution to the problems of the Covid-19 vaccine surplus and do not meet the needs of the healthcare systems, the needs of citizens and the financial interests of the member states.”

Polish Health Minister Adam Niedzielski argued that the current Pfizer proposal would favor Big Pharma, and has called for the secretive contract to be published, questioning the role European Commission President Ursula von der Leyen played in the negotiations for the massive vaccine deal. An EU watchdog launched a probe into the negotiation and procurement process late last year, after von der Leyen’s office failed to produce personal text messages sent to Pfizer CEO Albert Bourla during the talks for nearly 2 billion vaccine doses, prompting accusations of corruption.

The 27-member bloc originally signed a joint contract with Pfizer in 2020, but since the pandemic receded, demand for vaccines has steadily dropped, leaving an overabundance across the continent. Some countries have been forced to throw away vaccines, with Germany alone tossing out some 36.6 million doses, according to public broadcaster BR24, while others are sitting on large stocks of unused shots, such as Austria, which has reported around 17.5 million in its supply. However, Czech Health Minister Vlastimil Valek pushed back on the criticisms, arguing that the “majority of countries” had agreed to the deal and that “the contract is not bad.” He added that the large stock of doses would not pose a problem as “Covid is still here” and “It will be necessary to repeat vaccination each year for a particular group of patients.”

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Wall Street 1662

 

 


“Watercolor painter Liu Yunsheng’s artworks are famous for their fluidity and transparency, as well as for the richness and complexity of their characters. Some paintings combine reality & illusion which can be described as freehand in realism”

 

 

Kestrel

 

 


The nocturnal African dung beetle Scarabaeus satyrus is the only known insect and one of the few non-human animals capable of navigating and orienting itself using the Milky Way

 

 

 

 

 

 

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Debt Rattle March 14 2023

Mar 142023
 
 March 14, 2023  Posted by at 9:20 am Finance Tagged with: , , , , , , , ,  78 Responses »


Louis Anquetin Girl Reading a Newspaper 1890

 

• Kremlin Explains Its ‘Only Option’ In Ukraine (RT)
• Doubts In Ukraine About Readiness To Mount Offensive -WaPo (RT)
• Xi Jinping Plans To Visit Moscow As Early As Next Week (TASS)
• Germany Is Not An Independent Nation – Patrushev (RT)
• Russia Insists On Objective Investigation Into Nord Stream Attack (TASS)
• Hungarian Defense Minister: Europe Can Send Troops To Ukraine (Az.)
• ‘Yanukovich Case’ Tantamount To Kiev’s Confession Of Coup – Former PM (TASS)
• Jan. 6 Attorney Alleges FBI Criminally Altered Evidence (ET)
• US Heading For Another Great Depression – Trump (TASS)
• Money Troubles (Kunstler)
• Sorry, No Empathy, No Bailouts And YES I MEAN IT (Denninger)
• Are The Evil Gods Returning? Or Is Evil Is Inside Us? (Ugo Bardi)
• House Dems Use Hearing to Attack Both Free Speech and a Free Press (Turley)
• mRNA Vaccine Contamination Much Worse Than Thought (DS)

 

 

 

 

 

 

 

 

 

 

RFK Trump

 

 

TUCKER: Should the United States support regime change in Russia?
TRUMP: No. We should support regime change in the United States, that’s far more important.

 

 

 

 

 

 

Ischinger wants a “peace process” led by only one side of the conflict: US, UK, Germany and France. WTF?

• Kremlin Explains Its ‘Only Option’ In Ukraine (RT)

There are currently no conditions for a peace settlement in Ukraine, meaning Russia has no other option but to keep fighting, Kremlin spokesman Dmitry Peskov has argued. “The absolute priority for us remains and will always remain reaching the goals that we’ve set for ourselves. At this point in time, they can only be achieved through military means,” the official told journalists on Monday. Peskov was reacting to an article penned by veteran German diplomat Wolfgang Ischinger, who served as chair of the Munich Security Conference for over a decade. In a piece published by the Der Tagesspiegel daily on Sunday, Ischinger urged Western leaders to “start thinking about a peace process now” and create a special political contact group for the Ukraine conflict.

“In addition to arms deliveries and financial support, we have to offer perspectives to the growing chorus of questions by critics,” he argued. According to Ischinger’s proposal, the contact group would be led by the US, UK, Germany and France, with other nations and international organizations, including NATO, forming an “outer circle” of participants to lend legitimacy to any draft documents. The group’s task would be to prepare a ceasefire agreement and other paperwork to form the backbone for a post-conflict period. It would work alongside the so-called Ramstein Group, which funnels Western military aid to Ukraine. Ischinger stressed that the new initiative would not put pressure on Ukraine to negotiate.

The veteran German diplomat suggested a list of questions that the group would ask themselves, including: “Should a ceasefire agreement be endorsed by the UN Security Council?”, “Will there be a demilitarized buffer zone?”, and “Should the people in Crimea hold a referendum to decide who they belong to?”. Kiev has declared the full return of territories it claims as Ukrainian as a precondition for peace talks. Its national security council has also banned talks with Russia for as long as President Vladimir Putin remains in office. Moscow has argued that the Ukrainian government has effectively made peace talks impossible, and that Kiev has adopted its stance based on orders from the US, which is aiming to inflict a strategic defeat on Russia.

Macgregor

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“Unfortunately, they are all already dead or wounded..”

• Doubts In Ukraine About Readiness To Mount Offensive -WaPo (RT)

Kiev’s forces have been so “degraded” by a year of fighting against Russia that some Ukrainian officials doubt their ability to execute a planned spring offensive, the Washington Post has reported. The conflict has taken many of the most seasoned Ukrainian troops, with the arrival of inexperienced draftees changing the profile of the country’s military, the US paper pointed out on Monday. US and European officials have estimated that up 120,000 Ukrainian soldiers have been killed or wounded since the launch of Russia’s military operation last February, it added. Kiev keeps information abouts losses secret, even from its Western backers. “Unfortunately, they are all already dead or wounded,” a battalion commander in Ukraine’s 46th Air Assault Brigade, identified only by his call sign, Kupol, told the paper about his experienced troops.

And the poorly trained rookies that he’s been getting recently “just drop everything and run” as soon as the battle begins, the commander added. Another problem faced by Ukrainian troops is a shortage of ammunition, including artillery shells and mortar bombs, the Washington Post said, citing those fighting on the ground. “You’re on the front line. They’re coming toward you, and there’s nothing to shoot with,” Kupol said, describing the situation. “We don’t have the people or weapons,” an unnamed senior Ukrainian government official told the paper. He explained that casualties incurred by the side mounting an offensive are usually two or three times higher than on the defending side. “We can’t afford to lose that many people,” the official added.

“If you have more resources, you more actively attack. If you have fewer resources, you defend more. We’re going to defend. That’s why if you ask me personally, I don’t believe in a big counteroffensive for us. I’d like to believe in it, but I’m looking at the resources and asking, ‘With what?’ Maybe we’ll have some localized breakthroughs,” the source said. The official called the number of tanks promised to Kiev by the US and its allies “symbolic,” while some of other officials who talked to the paper didn’t believe that Western weapons would be able to reach the frontline in time. The newspaper also cited a US official, who said that – despite some gains on the battlefield recently – ammunition, manpower and motivation problems were even worse on the Russian side. However, no facts were provided to back this claim. As for Ukraine, the stakes will be “particularly high” in the coming months as Kiev’s Western supporters watch to see if the country can reclaim the initiative, the Washington Post noted.

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Zelensky wants to meet with Xi. He will not like that.

• Xi Jinping Plans To Visit Moscow As Early As Next Week (TASS)

Chinese President Xi Jinping intends to visit Moscow as early as next week, Reuters reported on Monday, citing sources. According to its information, the Chinese leader expects to meet with his Russian counterpart Vladimir Putin. No details were given. The Wall Street Journal reported in February that the Chinese president’s trip to Moscow could take place in April or May. Last December, Putin, in talks with Xi Jinping via video conference call, invited him to come to Moscow in the spring of 2023. In February, the Russian president received Director of the Office of the Central Foreign Affairs Commission of the Chinese Communist Party (CCP), member of the CCP Politburo Wang Yi in the Kremlin. Putin then expressed the hope that this visit would give an additional impetus to the development of bilateral relations between Moscow and Beijing. The previous face-to-face meeting between the Russian leader and his Chinese counterpart took place in September 2022 in Samarkand during the Shanghai Cooperation Organization (SCO) summit.

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“..this scenario would seem plausible only to people who “cannot think logically.”

• Germany Is Not An Independent Nation – Patrushev (RT)

Germany is facing an inevitable economic decline after losing its access to Russian energy, but cannot do anything about it because it is not a sovereign nation, the secretary of the Russian National Security Council has claimed. “Germany tried for many years to build its economy on a combination of cheap Russian energy and advanced German technologies. Like no one else, it realizes that the terrorist attack against the [Nord Stream pipelines] will definitely cause the German economy to decline further,” Nikolay Patrushev said in an interview published in Argumenti i Fakti newspaper on Monday. The advantages that German businesses enjoyed by getting access to Russian fuel has long irritated the governments of the US and the UK, he continued.

But Berlin is not at liberty to continue cooperating with Moscow, “because the German nation is not independent.” “Washington imposes on Berlin its economic and environmental agenda and keeps a 35,000-strong military force on its soil. For years, the White House controlled [former chancellor] Angela Merkel, and now it forces the German leadership to side with the version of the pipeline sabotage that is advantageous to the US authorities,” Patrushev said, describing America’s treatment of Germany as “humiliating.” The remarks were part of Patrushev’s comments on the sabotage of the undersea pipelines, which were built to supply Germany with Russian natural gas. The Nord Stream links were ruptured by powerful explosions last September in what Russia has called a blatant terrorist attack.

A series of articles published by Western media this month claimed that Western intelligence services believe that a “pro-Ukrainian group” not associated with any government was behind the attack. Patrushev argued that, considering the training and equipment that such a complicated operation required, this scenario would seem plausible only to people who “cannot think logically.”

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“Berlin is well aware that close economic cooperation between Germany and Russia has never satisfied Washington and London..”

• Russia Insists On Objective Investigation Into Nord Stream Attack (TASS)

Moscow insists that an objective international investigation with its participation should be carried out on the Nord Streams sabotage. The one-sided versions being heard now do little to explain anything, Russian Security Council Secretary Nikolay Patrushev said. “I emphasize that any accusations that are not supported by the results of an impartial investigation cannot be trusted. Therefore, Moscow insists on an objective investigation with the participation of Russia and other interested countries. Without this, voicing one-sided subjective versions of the terrorist attack does not explain anything,” he told the Argumenty i Fakty weekly on Monday.

According to Patrushev, Russia still did not know for certain who was behind the terrorist attacks at the Nord Stream gas pipelines, and the country has not been included in the investigation of this “unprecedented terrorist act”. He stressed that the situation was also complicated by the planting of a fake leak published without any reference to the real source. “Resolving to cover up the true patrons of the crime, the pro-government Anglo-Saxon media, following orders from above, laid the blame on a certain group of Ukrainian terrorists. In essence, they once again pointed to the terrorist nature of the current Kiev regime. At the same time, the authors of the information campaign thought that no one would object to this version,” the Russian Security Council Secretary stressed.

In his opinion, the idea that the US and the UK were not involved in the terrorist attack “is obviously driven by the calculation that the audience lacks the ability to think logically, including the method of denial.” “Since newspapers are emotionally claiming that the act of sabotage was carried out by a group of Ukrainian terrorists, the question to ask is whether such a group exists at all and if it’s capable of doing such things. It’s no secret that activities like this require special ops units that are properly trained and equipped,” Patrushev noted. According to the security chief, the US and England certainly have such capabilities. Other NATO countries also use combat swimmers for sabotage tasks but only “with the consent and support of the country that determines the main agenda for NATO,” the official explained.

Patrushev also suggested considering who benefited from the attack. “Were the blasts advantageous for Ukraine or Germany? Kiev neither lost nor gained anything from the gas pipeline destruction. Moreover, such an act is not advantageous for the Zelensky regime, which actually begs Berlin to give more military and other aid, and has no use for such an act,” he said. Germany, who for many years has been trying to build its economy based on a combination of cheap energy resources from Russia and advanced German technology, knows better than anyone else that the attack on the pipeline would definitely lead the economy of Germany to a further decline, added the Secretary of the Security Council of the Russian Federation. “At the same time, Berlin is well aware that close economic cooperation between Germany and Russia has never satisfied Washington and London,” he recalled.

Along with that, Patrushev pointed out that it has long been clear that today’s German state was not independent: Washington imposed its economic and environmental policy on Berlin and kept a 35,000-strong military contingent on its territory. “It is known that for many years the White House controlled [former German Chancellor] Angela Merkel, and today it is forcing the German leadership to go along with the US authorities’ version of the pipeline sabotage. Perhaps that is why [German Chancellor Olaf] Scholz was urgently summoned to Washington for a meeting with [US President Joe] Biden. By doing so, the US continues to humiliate Germany, showing it its place,” he concluded.

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We’re working on it. But other than 30,000 Poles, which other country is ready to send troops?

• Hungarian Defense Minister: Europe Can Send Troops To Ukraine (Az.)

Europe’s tendency to supply Ukraine with lethal weapons and armored vehicles could lead to the deployment of troops to the conflict zone, Minister of Defense of Hungary Kristóf Szalay-Bobrovniczky said, Report informs. “Now we are at the point where we need to participate; we need to get involved, first by voting for sanctions, then with money, then only with defense means; now we already see that they are sending tanks, Leopard, fighter jets are also on the way, and if this continues, soldiers will be needed if Ukrainian human resources run out,” he said.

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“.. In October 2016, Ukraine’s new authorities stripped Yanukovich of the title of president..” That’s 2,5 years after the coup.

• ‘Yanukovich Case’ Tantamount To Kiev’s Confession Of Coup – Former PM (TASS)

The Kiev regime’s charges against the ex-president of Ukraine, Viktor Yanukovich, of illegal border crossing and incitement to desertion are tantamount to a confession a coup d’état was staged in Ukraine in 2014, Ukraine’s former prime minister Nikolay Azarov (2010-2014) said on Monday. “In any unclear situation in Ukraine the Kiev regime blames Yanukovich. It is alleged that on February 23, Yanukovich fled Ukraine and encouraged about 20 of his guards, who were members of the state bodyguard service, to emigrate. What idiot has concocted this case?! First, they themselves were yelling at the top of their lungs that Yanukovich had quit on his own and left the territory of Ukraine on February 21. Now they themselves have admitted that Yanukovich was on the territory of Ukraine on February 21, which means that there was no quitting on his part,” Azarov he wrote on his page on a social network.

The former prime minister urged Ukrainians to independently assess the inconsistency of the Kiev regime’s actions. On March 10, the Office of Ukraine’s Prosecutor-General announced that a district court in Kiev would hold hearings in absentia on the case of illegal border crossing and incitement to desertion against Yanukovich. The other defendant in this case is Konstantin Kobzar, the former chief of the head of state’s bodyguards. According to investigators, on February 23, 2014, Yanukovich and Kobzar illegally crossed the Russian-Ukrainian border twice and smuggled at least 20 people across it. On the same day, if the Prosecutor General’s Office is to be believed, Yanukovich, while staying on the territory of a military unit of Russia’s Black Sea Fleet in Sevastopol, was “instigating” his bodyguards commit desertion.

Yanukovich served as Ukraine’s president from 2010 to 2014. During the coup d’état in February 2014, he was essentially ousted from office by force and, faced with a threat to his personal safety, had to flee the country. In October 2016, Ukraine’s new authorities stripped Yanukovich of the title of president, and a month later launched criminal proceedings against him in absentia on charges of treason. In 2019, a court in Kiev sentenced Yanukovich in absentia to 13 years in prison.

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“Miller’s hidden messages reveal casual discussions among the FBI regarding the monitoring of codefendant Rehl’s trial strategy, Rehl’s defenses and ‘interesting’ points, and ways the government can get around Rehl’s defenses..”

• Jan. 6 Attorney Alleges FBI Criminally Altered Evidence (ET)

Rogers Roots, an attorney representing Dominic Pezzola, a Jan. 6, 2021, Capitol breach defendant, alleged on Sunday that the FBI had committed crimes by altering evidence and requested that the court appoint a special master to review the evidence. Roots’s move came days after the testimony of FBI Special Agent Nicole Miller, who was involved in the agency’s investigations of the Jan. 6 defendants. When cross-examining Miller, Nick Smith, an attorney representing Proud Boys member Ethan Nordean (listed as co-defendant on Pezzola’s case), revealed classified FBI emails that were hidden in a tab in an Excel spreadsheet, which included a directive to Miller to “destroy” 338 pieces of evidence and “edit out” an FBI agent from an informant report.

“Destroying evidence is a federal crime. It actually falls under a federal crime under more than one statute. The same goes with altering documents, altering records, that is a federal crime,” the John Pierce Law attorney told The Epoch Times in an interview on Sunday. In a filing on Sunday, Roots requested that Timothy J. Kelly, a Trump appointee presiding over the case, either dismiss the case in its entirety or appoint a special master to independently review the FBI messages that were revealed in court. “The unceremonious and uninhibited nature of Miller’s discussion of committing these serious crimes suggests an FBI culture of corruption and lawlessness that must be immediately stopped, and fully investigated,” Roots said in the filing. A key question about these leaked messages is whether they fall under the scope of evidence in the case.

Roots said in the filing that the messages show a violation of due process, reiterating his argument in an earlier filing that the FBI’s monitoring of communications between a co-defendant, Zachary Rehl, and his attorney violated the Sixth Amendment, which prohibits invasion of the right to counsel (Matter of Fusco v. Moses). “Miller’s hidden messages reveal casual discussions among the FBI regarding the monitoring of codefendant Rehl’s trial strategy, Rehl’s defenses and ‘interesting’ points, and ways the government can get around Rehl’s defenses,” Roots said in the Sunday filing. In the filing, Roots requested the court dismiss Pezzola’s case with prejudice, appoint a special counsel, appoint a special master, schedule extensive evidentiary hearings, and release Pezzola from custody.

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“We will have a great depression far bigger and more powerful than that of 1929. As proof, the banks are already starting to collapse!!!”

• US Heading For Another Great Depression – Trump (TASS)

Former US President Donald Trump has blamed the incumbent, Joe Biden, for the economic problems of the United States and predicted a new Great Depression. “With what is happening to our economy, and with the proposals being made on the largest and dumbest tax increase in the history of the USA Joe Biden will go down as the Herbert Hoover (US President in 1929-1933) of the modern age. We will have a great depression far bigger and more powerful than that of 1929. As proof, the banks are already starting to collapse!!!” he wrote on his social network Truth Social on Monday.


On Friday, the California Department of Financial Protection announced the bankruptcy of the 16th largest bank in the US, Silicon Valley Bank. It serviced primarily employees of the high-tech sector workers and venture capital-funded companies, including some of the industry’s most well-established brands. According to CNN, this was the largest bank failure in the United States since the 2008 financial crisis. The Great Depression was a global economic crisis that began on October 24, 1929 with the stock market crash in the United States. It lasted until 1939. Industrial cities were the hardest hit, construction almost stopped, farm produce prices plummeted and mass unemployment ravaged the country.

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“..the interest rate hikes that Mr. Powell spoke of so confidently only days ago just got stashed into his folder labeled “Fuggeddabowdit.”

• Money Troubles (Kunstler)

Since banks today exist in a vast matrix of interconnected obligations — promises to pay this-and-that — fear grows that the rot from one bank, such as SVB, will infect many other banks that are no longer able to keep their promises about paying this-and-that, leading to a daisy-chain of things not getting paid. For an economy, that’s about the same as the blood ceasing to circulate in a body. The practice in situations such as this (say, as in 2008-09) is for the governing authorities — who supposedly rule over the banking world like gods — to rush to rescue these outfits with “liquidity,” money (or representations of it) as required to re-balance things, or, maybe provide the impression of re-balancing until something else can be figured out. The Jupiter and Minerva of American banking, Jay Powell and Janet Yellen, were faced with just that sort of call for divine intervention over the weekend as fear seeped into every nook and crevice of the money world that wealth was flaring away in the long-feared-of conflagration out of the dumpster banking had become.

Sunday morning, Ms. Yellen told CBS News “bailouts, no way” but by the afternoon Mr. Powell cried “bailouts, way,” and they had to get their story straight. They offered up $25-billion to bail out depositors for a smoldering system that will arguably require a trillion dollars or more of liquidity to quench the spreading fires. One thing looks for sure: the interest rate hikes that Mr. Powell spoke of so confidently only days ago just got stashed into his folder labeled “Fuggeddabowdit.” So, the campaign to control inflation must now yield to the urgent need to create a whole lot of money to spray over those fires.

You may have noticed that the value of your money has been slip-sliding away the past year or so. Peanut butter at five bucks a jar, and all. The situation at hand kind of guarantees that we’ll be seeing a whole lot more of that. And then the gods of money will have lost control of the interest rate console altogether. No more tweaking the broken knobs. More inflation will prompt US treasury paper holders to dump what they can while there’s still some value to retrieve. But the US has to issue more debt for all the bail-outs and theoretical buyers of new debt will perforce bid up the rates to keep up with inflation… and yet the US can’t possibly bear the burden of paying higher interest on its debt. Looks like the business model for running the USA is breaking down before our eyes.

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“What was featured in the stupidity of 2008? Allowing banks to run with no reserves..”

• Sorry, No Empathy, No Bailouts And YES I MEAN IT (Denninger)

The so-called “Chief Risk Officer” at SVB had a masters in….. public administration. Anyone care to bet if she passed any form of advanced mathematics — you know, like for example Calculus or Statistics? Do you think she understood exponents and why this graph made clear that concentration of risk and duration was stupid and likely to blow up in everyone’s face — including hers? How about Bill Ackman and the others on the Internet screaming for a bailout? How about the CFOs of public companies like Roku that stuck several hundred million dollars in said bank? Was it not widespread public knowledge (and available to anyone who took 15 minutes to do research, which you’d think someone would do before putting a hundred million bucks somewhere) that this institution was chock-full of VC-funded startup companies which, historically fail 90% of the time and their debt becomes impaired or even worthless?

Where are the indictments for fiduciary malfeasance among these people? It takes a literal five minutes with Excel to prove to yourself that if debt is rising faster than GDP no matter the interest rate eventually the interest payments on that debt will exceed all of the economy. This of course is impossible because you cannot use over 100% of anything as its not there, but long before you reach that point you’re going to have trouble putting food on the table, fuel in the vehicle and paychecks are going to bounce. It was for this reason that one of the first sections in my book Leverage, written after the 2008 blowup which I chronicled and laid bare upon the table featured exactly this chart.

The last bit of insanity was just 15 years ago by my math. Did we fix it? No. What was featured in the stupidity of 2008? Allowing banks to run with no reserves. Who did that? Ben Bernanke, who got it into the TARP bill that eventually passed and which I reported on at the time. It accelerated that which was already going to happen because Congress is full of people who think trees grow to the moon, leverage is never bad and exponents are a suggestion. Oh by the way, your local Realtor thinks so to as does, apparently, the former SVB “risk officer” who, it is clear, didn’t understand exponents — or didn’t care. The simple reality is that it must always cost to borrow money in real terms.

This means the rate of interest must be positive in said real terms, which means across the curve rates must be higher than inflation — again, in real terms, not in “CPI” which has intentional distortions in it such as “Owner’s Equivalent Rent” when you’re not renting a house, you’re buying it. Had said “CPI” actually had home prices in it then it would have shown a doubling in many markets in that section of the economy over the last three years. In other words housing alone would have resulted in a roughly 10% per year inflation rate, plus all the other increases, which means the Fed Funds rate should have been 300bips or so beyond that all the way back to 2020 — which would put Fed Funds at about 13% for the last three years. It isn’t of course but if it had been then all those “housing price increases” would not have happened at all. Incidentally even today the Fed Funds rate is below inflation and thus the crazy is still on.

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“We were mistreated by dumb bureaucrats, not by the minions of evil deities..”

• Are The Evil Gods Returning? Or Is Evil Is Inside Us? (Ugo Bardi)

[..] sometimes you have the sensation that something truly evil is moving in the world. Naomi Wolf expressed the idea most clearly in a recent post of hers. I could not explain the way the Western world simply switched from being based at least overtly on values of human rights and decency, to values of death, exclusion and hatred, overnight, en masse — without reference to some metaphysical evil that goes above and beyond fallible, blundering human agency. … “What we have lived through since 2020 is so sophisticated, so massive, so evil, and executed in such inhumane unison, that it cannot be accounted for without venturing into metaphysics. Something else, something metaphysical, must have done that. And I speak as a devoted rationalist.”

Lately, I’ve been thinking along similar lines. I even argued that worshiping the evil deity Baphomet could be a good idea for really nasty people who want to dominate the world. Overall, though, I think it is not the right explanation. No matter how inexplicable the rise of evil can look, it is still something that comes from inside us, not from the outside. Evil is us, eventually. The recent release of the “Lockdown Files” in Britain supports this idea. These files contain the messages sent and received by Matt Hancock, the British Secretary of State for Health and Social Care during the lockdown period in Britain. In these messages, Hancock doesn’t sound evil. He just writes as if he cared only about himself, and his personal prestige. He wanted to “own the exit,” and he didn’t care about the British people, whom he evidently considered a band of morons. We were mistreated by dumb bureaucrats, not by the minions of evil deities.

Now, I have a stated policy that I call the “Grokking Strategy” that consists in listening to everyone and trusting no one. So, I am perfectly willing to consider the hypothesis that the Hancock files are a psyop designed to divert the public’s attention away from the hidden forces that governed the reaction to the pandemic. On the whole, though, I think these files are genuine. They make sense, and they also match other examples of the same kind. For instance, we recently saw similar leaks of messages sent and received by the Italian equivalent of Hancock, Mr. Roberto Speranza, Minister of Health of the Italian government during the lockdown period. We can’t swear on the authenticity of these leaked messages, but they fit with the personality of Mr. Speranza. Like Hancock, he was clearly trying to “own the exit.” In late 2020, he published an autobiographical book designed to show how he had been valiantly fighting the virus and eventually had succeeded in squashing it. The book was quietly removed from the market when it turned out that the pandemic was not over. Now a printed copy is a rare collector’s item.

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The Matt Taibbi and Michael Shellenberger hearing was unreal.

• House Dems Use Hearing to Attack Both Free Speech and a Free Press (Turley)

“At long last, have you left no sense of decency?” Those words were first asked by lawyer Joseph Welch in his confrontation with Sen. Joseph McCarthy (R-Wis.) during the Senate’s infamous Army-McCarthy hearings. This week, nearly 70 years later, Welch’s words seem more relevant than ever after House Democrats savaged two journalists who attempted to explain a government effort to censor citizens. It was only the latest of a series of hearings in which FBI agents and other whistleblowers, experts and journalists have been personally attacked for raising free-speech concerns. Last week’s hearing showed definitively that we live in a post-decency era.

The latest attacks came as journalists Matt Taibbi and Michael Shellenberger testified about breaking the “Twitter Files” story, detailing how the FBI and other agencies secretly sought to censor or ban citizens from social media. In her opening statement, Delegate Stacey Plaskett (D-Virgin Islands), the ranking member of the House Judiciary subcommittee, attacked them as “so-called journalists” and said they were “a direct threat” to the safety of others by reporting the censorship story. Taibbi pushed back, saying that “I’m not a ‘so-called’ journalist” and giving a brief description of his award-winning career at Rolling Stone magazine and other publications. Yet other committee members also attacked the honesty of the two journalists. And after failed efforts to claim they were Elon Musk’s corrupt “scribes,” or limited by him in their investigations, the committee members attacked their ethics.

The witnesses were attacked on everything but their choice of socks. Rep. Debbie Wasserman Schultz (D-Fla.) even claimed that “being a Republican witness today certainly casts a cloud over your objectivity.” When Wasserman Schultz impugned the two journalists’ honesty and ethics, she immediately “reclaimed (her) time” to prevent them from defending themselves. When the subcommittee chair gave them a chance to answer her claims, Wasserman Schultz and her Democratic colleagues objected that a witness was allowed to defend himself after being blocked from doing so. In an earlier attack, Rep. Stephen Lynch (D-Mass.) prevented Taibbi from answering a question and dismissed his effort to defend his position, saying: “This is how it works now. I’ll ask the question and you try to provide an answer if you can.”

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“100 times greater than previously reported..” But Pfizer knew…

• mRNA Vaccine Contamination Much Worse Than Thought (DS)

The contamination of mRNA vaccines with DNA is far greater than initially thought at up to 35%, and the DNA’s role in inducing human cells to produce the spike protein long term has been confirmed, according to the latest research. Earlier this month, the Daily Sceptic reported on the work of Dr. Kevin McKernan and his team who had subjected the mRNA vaccines from Pfizer and Moderna to deep sequencing analysis and found alarming levels of DNA contaminants known as plasmids. These are small circular DNA molecules that in principle can self-replicate in bacterial and human cells and induce the cell to produce the SARS-CoV-2 spike protein long term. Each vaccine dose was found to contain billions of these plasmids.

Japan deaths

The Moderna vaccine appeared to contain DNA contamination at around the ‘safe’ level set by the European Medicines Agency (EMA) at the equivalent of one part per 3,000 mRNA molecules, though it’s not clear how safe this level really is. The Pfizer vaccine, on the other hand, was found to contain DNA contamination at 10 times the ‘safe’ level, at one plasmid per 350 mRNA molecules. The DNA is part of the vaccine manufacturing process, providing the blueprint for the mRNA, but it should have been removed to at least the ‘safe’ level, though was not for reasons that are unclear. Now, Dr. McKernan and his team have undertaken further analysis and found that the level of DNA contamination is much greater than originally reported, with up to 35% of the vaccine product being this DNA contamination. They write:


This equates to 20-35% of the nucleic acid in each vaccine being expression vector. This is several orders of magnitude over the the EMAs limit of 330ng/mg. With these levels of contamination, RT activity from LINE-1 is not a prerequisite for genome integration. Molecular biologist Dr. Jessica Rose explains that this means each dose may contain trillions of DNA molecules, 100 times greater than previously reported: “The left-over expression vectors used to manufacture the mRNAs are at contamination levels 100-fold higher than originally proposed and imply trillions of DNA molecules per dose. This has implications for integration into our genome.”

Dowd

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Walking oats

 

 

 

 

Frens

 

 

Godfather

 

 

Heron

 

 

Shelter

 

 

 

 

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Debt Rattle March 13 2023

Mar 132023
 
 March 13, 2023  Posted by at 9:56 am Finance Tagged with: , , , , , , , , , , ,  73 Responses »


Rembrandt van Rijn Student at a table by candlelight c.1642

 

• Fed, TSY, FDIC Announce New Banking System Bailout, Signature Bank Closed (ZH)
• Bill Ackman To US Gov’t: Fix Mistake In ‘48 Hours’ Or Face ‘Destruction’ (CT)
• Yellen Says Government Will Help SVB Depositors But “No Bailout” (ZH)
• HSBC To Buy Silicon Valley Bank’s UK Operations (G.)
• Hatred of Putin Makes Washington ‘Do Dumb Things’ – Seymour Hersh (RT)
• Liu Xin’s Interview With Seymour Hersh (CGTN)
• Zakharova: Ukraine Allegations Russia’s Reluctant To Talk A Colossal Lie (TASS)
• Ukraine Won’t Get Western Jets ‘Anytime Soon’ – FM (RT)
• Growing Backlash Against Methods To Conscript Ukrainian Men For War (Lavrenin)
• Prigozhin Describes Situation In Bakhmut As Very Difficult (TASS)
• US ‘Sitting Still’ Amid Growing China-Russia Influence – Bolton (RT)
• ‘Rigorous’ Maidan Massacre Exposé Suppressed By Top Academic Journal (GZ)
• Comer: We Have Documents That Show Biden Family Was Getting Money from CCP (GP)
• The Democrats Have Lost the Plot (Taibbi)
• Georgian Protesters Unwittingly Imperil Their Nation’s Survival (Scott Ritter)
• Could Vitamin D Help Save Our Veterans? (ET)
• The Doctor Indicted For Not Killing His Patients (Horowitz)

 

 

 

 

 

 

Chansley

 

 

 

 

O’Keefe

 

 

Iran Saudi

 

 

 

 

Stone Putin

 

 

 

 

 

 

Zakharova: “Every child can explain how the US authorities will ‘support the stability of the banking system’ – with paper and paint. They will print even more unsecured dollars then they will cause even more problems in the world.”

“..pledge collateral at par, not at market value, thus giving banks credit for all those hundreds of billions in unrealized net losses, and allowing banks to “unlock liquidity” based on losses which the Fed and TSY now backstop!”

• Fed, TSY, FDIC Announce New Banking System Bailout, Signature Bank Closed (ZH)

On Friday, we said that the Fed will have to make an announcement before the Monday open, and we didn’t have to wait that long: in fact, the Fed waited just 15 minutes after futures opened for trading to announce the new bailout, alongside even more shocking news: the Treasury announced that New York State regulators are shuttering Signature Bank – a major New York bank – adding that all depositors both at Signature Bank, and also the now insolvent Silicon Valley Bank, will have access to their money on Monday. And as we process the shock of yet another small bank failure (which makes JPMorgan even bigger), the Fed just issued a statement saying that “to support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.” The Fed also said that it is prepared to address any liquidity pressures that may arise, which in turn has just unveiled the first bailout acronym of the new crisis: the Bank Term Funding Program, or BTFP. Some more details: The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.

The Fed explains that the Department of the Treasury will make available “up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP.” And while the Federal Reserve – which was completely clueless about this banking crisis until Thursday – does not anticipate that it will be necessary to draw on these backstop funds, we anticipate that the final number of needed backstop liquidity be somewhere north of $2 trillion. What is more notable is that the BTFP – or Buy The Fucking Pivot – facility, will pledge collateral at par, not at market value, thus giving banks credit for all those hundreds of billions in unrealized net losses, and allowing banks to “unlock liquidity” based on losses which the Fed and TSY now backstop!

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And they did…

• Bill Ackman To US Gov’t: Fix Mistake In ‘48 Hours’ Or Face ‘Destruction’ (CT)

Billionaire Bill Ackman has urged the United States government to “guarantee” all deposits held by Silicon Valley Bank (SVB) within the next “48 hours,” or it risks the “destruction” of many financial institutions. In a March 11 tweet, Bill Ackman, CEO of hedge fund management firm Pershing Square Capital Management, said a “giant sucking sound” will be heard from the ”withdrawal of substantially all uninsured deposits” from all banks, not just the “systemically important banks (SIBs),” should the government fail to “guarantee all” of SVB’s deposits before the “open on Monday.”Ackman suggested that this would be the result of “the world” realizing what an uninsured deposit is — “an unsecured illiquid claim on a failed bank.”

He warned that these withdrawals would “drain liquidity” from the community, regional and other banks and “begin the destruction” of these crucial institutions if the United States government fails to protect “all depositors.” Ackman said the only other way to prevent this was in the “unlikely” event that major financial institutions, such as JPMorgan Chase, Citibank or Bank of America, acquire SVB before Monday. He argued that this could have been “avoided” if the U.S. government had “stepped in on Friday” to guarantee SVB’s deposits, adding that the long-standing bank’s “franchise value” could have been safeguarded and “transferred” to a new owner in return for an “equity injection.”


Ackman suggested that SVB’s senior management “made a basic mistake” and should be fired. He noted: “They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. After conducting a “back-of-the-envelope review” of SVB’s balance sheet, Ackman believes that even “in a liquidation,” depositors “should eventually” get back approximately “98% of their deposits”. However, he argued that “eventually” is “too long” when you have “payroll to meet next week.”

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A new meaning for “bailout”.

“No bailout for shareholders and bondholders of SVB. Depositors will be protected.”

“the Fed itself is insolvent. It has exactly the same problem as SVB — it paid top dollar for bonds whose prices have fallen, driving the Fed deep into neg equity (along with BoJ, ECB…)”

• Yellen Says Government Will Help SVB Depositors But “No Bailout” (ZH)

With just hours left until futures open for trading late on Sunday afternoon, the situation remains extremely fluid and for now it appears that regulators, central bankers and treasury officials (we won’t mention the White House where the most competent financial advisor is Hunter Biden) still don’t have a clear idea of how they will coordinate or respond. Take Janet Yellen, who said on Sunday morning that the US government was working closely with banking regulators to help depositors at Silicon Valley Bank but dismissed the idea of a bailout. Speaking with CBS on Sunday, the treasury secretary sought to assure US customers of the failed tech lender that policies were being discussed to stem the fallout from the sudden collapse this week. The Federal Deposit Insurance Corporate (FDIC) took control of the bank on Friday morning.

“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said (oh but you will, you just don’t know it yet). “But we are concerned about depositors, and we’re focused on trying to meet their needs.” It wasn’t clear which depositors she meant: as we first pointed out on Friday, out of SIVB’s $173 billion of customer deposits at the end of 2022, $152 billion were uninsured (i.e., over the $250,000 FDIC insurance threshold) and only $4.8 billion were fully insured. As we also noted last week, a further look at SIVB funding (pie charts) shows unusually high reliance on corporate/VC funding; only the small red private bank slice looks like traditional retail deposits to us.

As a result, as JPM’s Michael Cembalest says “It’s fair to ask about the underwriting discipline of VC firms that put most of their liquidity in a single bank with this kind of risk profile. At the end of 2022, SIVB only offered 0.60% more on deposits than its peers as compensation for the risks illustrated below; in 2021 this premium was 0.04%”.

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Tech start-ups are sexy.

• HSBC To Buy Silicon Valley Bank’s UK Operations (G.)

The government has struck a last-minute deal for HSBC to buy Silicon Valley Bank’s UK operations, saving thousands of British tech startups and investors from big losses after the biggest bank failure since 2008. The takeover will override the Bank of England’s initial decision to place SVB UK into insolvency, after a run on the lender that was originally sparked by fears over the a multibillion-pound shortfall on the US parent company’s balance sheet. The US bank was closed and its assets seized by authorities on Friday. “This morning, the government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC. Deposits will be protected, with no taxpayer support. I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise,” the chancellor, Jeremy Hunt, said on Twitter.

HSBC’s takeover is expected to protect the finances of SVB UK’s 3,500 customers, including hundreds of tech startups that feared they would go bust if their deposits were wiped out. Authorities had been considering a range of options to help SVB UK customers pay wages and suppliers, including an emergency fund that could provide a cash lifeline to support startups, as well as government-guaranteed loans for the sector, similar to those offered to businesses during the Covid crisis. It follows a tense 72 hours, with Rishi Sunak having been locked in weekend talks with the Bank of England governor, Andrew Bailey, and Hunt, who warned that tech and life sciences sector were at “serious risk” as a result of the bank’s collapse.

While analysts said there was little chance of contagion across the banking sector – given that the biggest banks serve a wider range of customers and have plenty of capital – tech startups and investors were worried about the ripple effects for the sector. A group of more than 200 tech executives warned in an open letter to Hunt over the weekend that the loss of deposits had the potential to cripple the industry, with many businesses at risk of falling into insolvency overnight.

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“They make it personal. They don’t make it professional.”

• Hatred of Putin Makes Washington ‘Do Dumb Things’ – Seymour Hersh (RT)

Legendary investigative journalist Seymour Hersh on Sunday offered a theory for what he sees as the foreign policy “complete idiocy” displayed by US officials, saying they’re so consumed by hatred of Russian President Vladimir Putin that they stumble into bad decisions. Hersh, the Pulitzer Prize-winning journalist who reported last month that US President Joe Biden ordered last fall’s sabotage of the Nord Stream natural gas pipelines, has called the alleged plot one of Washington’s “dumbest” decisions in years. However, the blunder didn’t reflect a lack of intelligence among top officials in Biden’s administration, including Secretary of State Antony Blinken and National Security Adviser Jake Sullivan, Hersh said in an interview with China’s CGTN.

Top administration officials “all have high degrees of, plenty of, intelligence,” Hersh said. “It’s just what they’re so driven by, I think, hatred of all things particularly Putin, and also communism per se. They’re so cold warriors, they’re really out of sorts. It makes them do dumb things.” The White House dismissed Hersh’s bombshell report on the Nord Stream blast as “complete fiction.” The New York Times, where Hersh did award-winning work on the Watergate scandal and other stories as a star reporter in the 1970s, claimed earlier this month that a “pro-Ukraine group” was behind the Nord Stream attack. The story cited unidentified US officials. Hersh told CGTN that neither the Ukrainian navy nor a non-state actor had the resources to carry out the sabotage, which involved planting C4 explosives on four concrete-encased steel pipelines at the bottom of the Baltic Sea. He said the false claim was made to distract from the fact that US Navy divers planted the remotely detonated explosives under cover of a NATO exercise in the Baltic.

“They’re trying to divert attention from the story that I wrote, which included enormous specifics,” Hersh said. “I was describing a process that began before Christmas of 2021. . . . They had a series of meetings at a secret room in the White House, that I gave clues I know the title of the room.” The veteran journalist argued that being “antagonistic” with China and Russia is counterproductive for Washington. “They make it personal. They don’t make it professional.” He added that Biden’s foreign policy has alienated governments around the world since Russia’s military operation in Ukraine began last year. “Russia has made more friends in the Third World since this began than anybody in this administration seems to appreciate,” Hersh said. “This notion of American hegemony, if you will, just doesn’t work anymore.”

Nordstream attack vessel

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The interview.

• Liu Xin’s Interview With Seymour Hersh (CGTN)

As the NYT reports new allegations on the Nord Stream sabotage, Seymour Hersh takes the “pro-Ukrainian group” intel with a pinch of salt. Here’s the reason. Liu Xin: But you think it’s not possible for a “pro Ukrainian group” to carry out this explosion? Seymour Hersh: I know that the few things I know about the Ukrainian navy is they are capable of dropping mines. I’m not an expert on it. I just happen to ask questions after that story came out. They don’t have a working decompression chamber. We’re talking about four pipelines, Nord Stream 1 and 2, each has two. They’re steel tubes covered by a concrete cover to protect themselves from the salinity, the salt in the water. So, you have to have people that know, that are the experts in underwater diving and experts in using the most, the plastic C4, the most volatile stuff there is.And also, they have to be able to go quick. They have to be sure they get the bomb, their weapon and the bomb in the right place that triggers, destroys everything. They have to practice like, they practice for weeks and months on this, I would say, in the waters of the Baltic Sea. “The U.S. is trying to divert attention away from my story,” says Seymour Hersh, after the NTY reported intel pointed at a “pro-Ukrainian group” on the Nord Stream sabotage.

Liu Xin: The fact that the U.S. government officials leaked this intelligence to the New York Times at this particular moment. What do you think they are trying to send as a message? Seymour Hersh: They are trying to divert attention from the story that I wrote, which included enormous specifics. I was describing a process that began before Christmas of 2021. It involved the National Security Advisor Jake Sullivan of the White House for the President. They had a series of meetings at a secret room in the White House. They gave clues, I know the title of the room. They were asked to come up with both reversible and irreversible concepts, ideas. A reversible concept would have been more sanctions. Something irreversible would have been kinetic, a bomb. And then eventually it turned out what they really wanted was a hit on the pipelines. And in this government, the concern has always been that Germany has been getting so much gas at such a cheap price from Russia that it would be very hard to wean them away from Russia. Slamming U.S. foreign policy as “complete idiocy,” Seymour Hersh told Liu Xin he believes American hegemony and the hatred of “all things Putin & communism” are driving the Biden Administration to do dumb things.

Liu Xin: You have also called a part of the called this planning “stupidity.” And you on several occasions you laughed at the intelligence level of the Biden. Seymour Hersh: I was not questioning their intelligence. These are all people, Tony Blinken, the Secretary of State, the one who didn’t go to China to meet his counterpart because of a balloon and Jake Sullivan, who’s the National Security Advisor, and the Undersecretary of State, all have high degrees of, plenty of intelligence. It’s just what they’re so driven by, I think, hatred of all things particularly Putin, and also communism per se. They’re so cold warriors. They’re really out of sorts. It makes them do dumb things. I just think his foreign policy is too complete idiocy, alienating a lot of people around the world. This notion of American hegemony, if you will, it just doesn’t work anymore. That’s what I object to.

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“..this point of view is nothing but a wish of defeat to his country and its non-existence..”

• Zakharova: Ukraine Allegations Russia’s Reluctant To Talk A Colossal Lie (TASS)

Russian Foreign Ministry Spokeswoman Maria Zakharova has slammed her Ukrainian counterpart Dmitry Kuleba’s statement that Moscow is reluctant to negotiate the crisis settlement with Kiev as a “colossal lie”. “These days, Kuleba was once again ranting and raving in interview with the Italian newspapers Repubblica and Stampa. He called those Italians who are standing for settling the conflict with Russia through talks rather than in the battlefield hypocrites. In his interpretation, this point of view is nothing but a wish of defeat to his country and its non-existence – “Not peace but ‘rest in peace’ on Ukraine’s grave,” she wrote on her Telegram channel.


“However, he seems to share the opinion that ‘there is always room’ for talks but says he sees no willingness for them in Russia. A colossal lie, bearing in mind the fact that it is the regime he represents that has banned such talks with Russia in its laws”. Moreover, in he words, Kuleba forecasted “the end of Europe if Ukraine is defeated”. “An optimist. In its current shape, Europe ended right when the European Union let Washington govern its political institutions and ultimately surrendered to NATO,” she added.

Ukraine Inc.
https://twitter.com/i/status/1634810341682036738

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“We sat down with Ukrainian representatives and the German armaments industry … and German industry, in my presence, asked the German government for one thing: signed contracts..”

• Ukraine Won’t Get Western Jets ‘Anytime Soon’ – FM (RT)

Kiev will not get Western-made fighter jets “anytime soon,” Ukrainian Foreign Minister Dmitry Kuleba admitted during an interview with the German newspaper Bild am Sonntag published late on Saturday. The potential delivery of fighter jets to Kiev to prop it up in its ongoing conflict with Moscow is hindered by assorted technical and logistical issues, Kuleba said. However, he urged that Ukrainian pilots, who are only familiar with Soviet-made aircraft, begin training on the Western planes as soon as possible. “I don’t expect the delivery of fighter jets to happen anytime soon because it’s a very difficult task logistically and technically. Therefore, we advise that the training of Ukrainian pilots on Western jets should start now, so that when the decision to provide aircraft is made, we do not waste time or many months on training,” he said.

The diplomat also urged Berlin to ramp up deliveries of ammunition to Ukraine, namely artillery shells, claiming that while German industry had already expressed a readiness to provide them, the issue lies with the country’s government. “We sat down with Ukrainian representatives and the German armaments industry … and German industry, in my presence, asked the German government for one thing: signed contracts,” he stated. Over the course of the conflict, Ukraine has increasingly demanded more and more sophisticated weapon systems from its Western backers. Kiev has intensified calls for NATO to supply it with fighter jets – namely the US-made F-16 – in recent months after securing a pledge for dozens of Leopard 2 and Leopard 1, M1 Abrams, and Challenger 2 main battle tanks from multiple EU countries, the US, and UK, respectively.

So far, however, the West has been reluctant to provide Ukraine with modern aircraft. Late in February, US President Joe Biden said he was “ruling it out for now.” His Ukrainian counterpart Vladimir Zelensky “doesn’t need F-16s now. There is no basis upon which there is a rationale, according to our military, now, to provide F-16s,” Biden told ABC at the time. Still, American media reported that the Pentagon has already invited Ukrainian pilots to a military base in Arizona to determine how long it would take to train them to fly the F-16. Last week, unnamed officials told NBC that two Ukrainian airmen had already arrived on American soil and more were likely to follow. Russia has repeatedly warned the West against “pumping” Ukraine with assorted weaponry, maintaining it would only prolong the hostilities rather than change the ultimate outcome.

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By Petr Lavrenin, Odessa-born political journalist and expert on Ukraine and the former Soviet Union

• Growing Backlash Against Methods To Conscript Ukrainian Men For War (Lavrenin)

Last year, military conscription became an issue in both Russia and Ukraine. However, the extent has been completely different in the two countries. While in Russia the mobilization was partial, lasting barely more than a month and affecting around 300,000 people, according to official figures – a significant part of whom already had military experience – a completely different picture has developed in Ukraine. Kiev instituted a general conscription drive which has been in force for more than a year. The exact number of those taken to the armed forces during this time is not known for certain and the process has been accompanied by numerous scandals. Cases where law enforcement officers have applied force when handing out conscription notices and illegally delivered men to enlistment offices have given rise to public discontent.

However, the Ukrainian authorities clearly have no intention of pausing enlistment because the situation remains critical at some sections of the front. The Armed Forces of Ukraine (AFU) are losing their grip on fortified areas around Artyomovsk (Bakhmut), and taking huge numbers of casualties, according to the Guardian and other media outlets. Meanwhile, Kiev continues to issue mobilization summonses and is sending people without proper training. According to the country’s legislation, a summons for military duty can only be issued on the street if it specifies the personal data of the person to whom it is given. It is also illegal for military commissars to detain citizens, as they are not the police, and conscripts are not criminals. Yet, that’s exactly how conscription is currently being conducted in Ukraine. Men of military age are being hunted down, and videos showing military commissars going to extreme lengths to hand out summonses, including by force, constantly circulate on social media.

Odessa, in particular, stands out in this respect. For example, military commissars were caught driving around the city in ambulances. When they came across men of the appropriate age, they stopped, handed over summonses and drove on. After videos emerged on social networks, local military commissars had to explain themselves and claimed that they were given the ambulance to use for their work. There were also cases when men in Odessa were detained on the street and forcibly taken to military enlistment offices, even without being handed a mobilization summons. For quite a long time, the AFU’s Operational Command South tried to ignore the illegal, forceful methods used by its military commissars. However, on February 14, a video was released showing military enlistment office staff detaining a man by force. In order to avoid a scandal, the military quickly assured the public that the staff responsible would be disciplined for “incorrect” behavior and the incident investigated.

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Too many tunnels?!

• Prigozhin Describes Situation In Bakhmut As Very Difficult (TASS)

The situation is Artyomovsk (known as Bakhmut in Ukraine) is very difficult, with the Ukrainian army receiving “endless reserves,” Wagner PMC founder Yevgeny Prigozhin said on Sunday. “The situation in Bakhmut is difficult, very difficult, with the enemy fighting for each meter. And the closer we are approaching the city center the fiercer fighting is growing, the more artillery and tank being used against us. Ukrainians keep on supplying endless reserves. But we are moving forward and will continue to move forward and we will not cover the glory of Russian arms with shame,” his press service quoted him as saying on its Telegram channel.


Artyomovsk is located in the Kiev-controlled part of the Donetsk People’s Republic (DPR). Fierce fighting for control of the city is underway. According to the latest data, Russian forces have blocked or taken control of all paved roads to the city while the nascent spring mud season is complicating the logistics of supplying the Ukrainian army with fresh ammunition and personnel. Prigozhin said on Saturday that Russia forces were some 1.2 kilometers from the city’s administrative center.

Prigozhin


“Wagner” began storming the underground part of the “Bakhmut Azovstal”. Right now,”Wagner” are making their way into the mine. The battles take place at a depth of up to 320 meters.

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You lost. You were staring blind.

• US ‘Sitting Still’ Amid Growing China-Russia Influence – Bolton (RT)

President Joe Biden’s administration is doing nothing to counteract steps by China, Russia, and their allies to work more closely together, jeopardizing US interests and undermining its global influence, former White House National Security Adviser John Bolton has claimed. “We’re sitting still, and the Chinese, the Russians, Iran, North Korea and several others are moving to shore up their relations and threaten us in a lot of different places,” Bolton said on Sunday in a WABC 770 radio interview. He added that while Beijing follows a clear strategy, “we kind of wander around from day to day.”

Bolton, a longtime war hawk who has called for regime changes in Moscow and Tehran, made his comments in the wake of Friday’s announcement that Saudi Arabia and Iran had agreed to re-establish diplomatic ties under a deal brokered by China. He lamented that the agreement reflected diminishing US influence around the world. “It’s an indication that the Saudis and others are trying to hedge their bets with China and Russia, because they don’t think the United States has the resolve and the fortitude necessary to do what they need to do to protect the world against Iran and its intentions,” Bolton said.

The 74-year-old Bolton has worked in the administrations of former Presidents Donald Trump, George W. Bush, George H.W. Bush and Ronald Reagan. Chinese officials have bristled at Washington’s threat claims, arguing that the US and its NATO allies behave as if they’re still fighting the Cold War. Beijing has maintained neutrality on the Ukraine crisis, resisting US pressure to condemn Russia over the conflict, and proposed a 12-point blueprint to end the fighting late last month. Biden dismissed the peace plan, saying it would benefit only Russia.

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Maybe he should name the journal…

• ‘Rigorous’ Maidan Massacre Exposé Suppressed By Top Academic Journal (GZ)

A peer-reviewed paper initially approved and praised by a prestigious academic journal was suddenly rescinded without explanation. Its author, one of the world’s top scholars on Ukraine-related issues, had marshaled overwhelming evidence to conclude Maidan protesters were killed by pro-coup snipers. The massacre by snipers of anti-government activists and police officers in Kiev’s Maidan Square in late February 2014 was a defining moment in the US-orchestrated overthrow of Ukraine’s elected government. The death of 70 protesters triggered an avalanche of international outrage that made President Viktor Yanukovych’s downfall a fait accompli. Yet today these killings remain unsolved.

Enter Ivan Katchanovski, a Ukrainian-Canadian political scientist at the University of Ottawa. For years, he marshaled overwhelming evidence demonstrating that the snipers were not affiliated with Yanukovych’s government, but pro-Maidan operatives firing from protester-occupied buildings. Though Katchanovski’s groundbreaking has been studiously ignored by the mainstream media, a scrupulous study he presented on the slaughter in September 2015 and August 2021 and published in 2016 and in 2020 has been cited on over 100 occasions by scholars and experts. As a result of this paper and other pieces of research, he has among the world’s most-referenced political scientists specializing in Ukrainian matters.

In the final months of 2022, Katchanovski submitted a new investigation on the Maidan massacre to a prominent social sciences journal. Initially accepted with minor revisions after extensive peer review, the publication’s editor effusively praised the work in a lengthy private note. They said the paper was “exceptional in many ways,” and offered “solid” evidence in support of its conclusions. The reviewers concurred with this judgment. However, the paper was not published, a decision Katchanovski firmly believes to have been “political.” He filed an appeal, but to no avail. Among those fervently supporting Katchanovski’s appeal was renowned US academic Jeffrey Sachs. “You have written a very important, rigorous, and substantial article. It is thoroughly documented. It is on a topic of great significance,” Sachs wrote to the scholar.

“Your paper should be published for reasons of its excellence…The journal will only benefit from publishing such a work of importance and excellence, which will further the scholarly understanding and debate regarding a very important moment of modern history.” Katchanovski declined to name the journal in question, but described it as “top-tier” in the field of social sciences. He believes its refusal to publish his study is “extraordinary,” but nonetheless emblematic of a “far bigger problem in academic publishing and academia.” “The editor who accepted my article only learned it would not be published from my tweets on the subject. This reversal was highly irregular and political. There is growing political censorship concerning Ukraine in academia, and also self-censorship..”

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Let’s see them.

• Comer: We Have Documents That Show Biden Family Was Getting Money from CCP (GP)

House Oversight Chairman James Comer (R-KY) joined Maria Bartiromo on Sunday Morning Futures this morning. This was an explosive interview. Comer dropped several bombs on the Biden Crime Family. According to Comer the House Oversight Committee is working with four individuals with close ties to the Bidens. Comer says the committee now has documents that tie the Bidens to the Chinese Communist Party. Biden is finished. James Comer: “It’s as bad as we thought… Since we’ve last spoken we have bank records in hand. We have individuals who are working with our committee. In the last two weeks we’ve met with either these individuals personally or with their attorneys. And that would be four individuals who had ties in with the Biden family in their various schemes around the world. So now we have in hand documents We have in hand documents in hand that show just how the Biden family was getting money from the Chinese Communist Party.”

Comer’s got the goods! This is a pivotal moment in American history. They finally have the goods on the Biden Crime Family.How will Democrats deal with this? With more phony charges against President Trump? Or maybe Old Joe will suffer a slip and fall?

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“They did not want to have a discussion about anything. It was completely opposite to what the party was even ten years ago..”

• The Democrats Have Lost the Plot (Taibbi)

One of the crazier parts came at the end of the examination by Garcia, when I ended up becoming just a bystander to a heated and apparently sincerely unfriendly blowup between chairman Jim Jordan and Plaskett: GARCIA: So you’re not gonna tell us when Musk first approached you. TAIBBI: Again, Congresswoman, you’re asking me to, you’re asking your journalist to reveal a source. GARCIA: So then you consider Mr. Musk to be the direct source of all this? TAIBBI: Now you’re, you’re trying to get me to say that he is the source. GARCIA: Well, he isn’t, if you’re telling me you can’t answer because it’s your source, the only logical conclusion is that he is in fact your source. TAIBBI: Well, you’re free to conclude that. GARCIA: Well, sir, I just don’t understand. You can’t have it both ways, but let’s move on, because — JORDAN: Well, no, he can. He’s a journalist. PLASKETT: He can, because either Musk is the source and he can’t talk about it, or Musk is not the source. And if Musk is not the source, then he can discuss.

Did these people really not understand that identifying who is not a source crosses the same line as identifying who is one? You just can’t go into these questions. I started to interject to point this out, then realized that Garcia and Plaskett legitimately didn’t even know the basics of the civil liberties landscape. This was much the same as when Vijaya Gadde acted completely at a loss when Ro Khanna wrote to her in the middle of the Hunter Biden laptop affair, to express concerns about speech rights. Khanna mentioned the New York Times v. Sullivan case and other principles to Gadde, and she seemed to have no idea what he was talking about. This was like that. Garcia also made it clear she didn’t know what Twitter was. At one point she said, regarding yesterday’s Twitter Files thread, that I had said “I had to attribute all the sources to Twitter first.”

I was so confused by this that I paused, worried that I was misunderstanding (my hearing is not so great). She then asked if I “sent it to Twitter first.” As I was replying no, that I’d posted the thread on Twitter, I heard an aide whispering something about “putting it on Twitter.” Garcia seemed to think that Twitter was an editorial body to which I was sending text, maybe for review. It’s understandable, not knowing that the platform doesn’t work that way — not everyone has to be on Twitter obviously — but then why the hostility? Instead of simply asking me in a friendly way about this process, which I would have been glad to explain, she kept blasting away. “First, sir. Yes or no?” The Democrats were angry that Michael and I were there at all. They did not want to have a discussion about anything. It was completely opposite to what the party was even ten years ago, when expression rights were an issue they wanted to own.

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Scott Ritter’s wife is Georgian. He knows the country. This is a harrowing story.

• Georgian Protesters Unwittingly Imperil Their Nation’s Survival (Scott Ritter)

In many ways, the critics were correct—the practical outcome of the foreign agents bill would have been to expose the extent to which Georgian politics and governance had become overrun with foreign money and influence. The threat, however, didn’t come from Russia, but rather the United States, which uses the $40 million in aid funneled through the United States Agency for International Development (USAID) every year to conduct what amounts to a “soft coup” in Georgia designed to displace the current government with one that will be compliant to American—not Georgian—goals and objectives—including the establishment of a “second front” against Russia. All of this is done, according to Samantha Power, the Director of USID, to build “a country with free expression, a free press, & a path to Euro-Atlantic integration.”

But what she really means is a country that suppresses any dissent as “disinformation,” uses the media as state-sponsored propaganda, and removes from power any politician or political party that dares impede Georgia’s absorption into the US-led NATO sphere of influence. Georgia’s Prime Minister, Irakli Garibashvili, does not want an expanded war with Russia—especially one that drags Georgia into the conflict. As such, Samantha Power and her minions at USAID believe the prime minister of Georgia must now be removed and replaced with an anti-Russian (i.e., pro-war) leader cut from the same pro-American cloth as Georgia’s US-backed President, Salome Zurabishvili.

To accomplish this, USAID funds programs designed to foment a “bottom-up” transformation of Georgian society and politics by empowering “diversity” at the grass-roots level, suppressing opposing points of view in the name of building “societal resilience to disinformation,” and seizing control of the electoral process so that the US-controlled “diversity” movements can prevail in local elections and, by extension, national elections. The Georgian foreign agents bill would have exposed the level to which these USAID-funded programs, and other related US and EU-funded activities, had infiltrated Georgian society. For that reason, the US mobilized its paid activists to take to the streets, forcing the Georgian Prime Minster to pull the plug on the legislation in the interests of public safety.

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This is about suicides, not covid. Why only suicides among veterans? Isn’t it time to widen and broaden this discussion?

• Could Vitamin D Help Save Our Veterans? (ET)

Findings from a new study have shown that vitamin D may lower the risk of suicide and suicide attempts in U.S. veterans with low vitamin D levels. The study found that veterans who received vitamin D had a 64 percent lower risk of suicide than those who did not receive supplementation. The study was published in February 2023 in the journal Plos One. Suicide is a serious public health issue and the 12th leading cause of death in the United States. In 2020, 45,979 Americans died by suicide and there were an estimated 1.2 million suicide attempts. According to the CDC, suicide rates increased 36 percent between 2000-2018, and Suicide Awareness Voices of Education states that from 2020 to 2021 there was a 3.6 percent increase in suicides, bumping it up to the 11th leading cause of death in the United States. This is one death every eleven minutes.

When it comes to veterans, however, the statistics change. Veterans are at a 57 percent higher risk of suicide than those who haven’t served, which is more than 1.5 times the national average. Suicide is the second leading cause of death of veterans under the age of 45. Some other notable statistics: • 125,000 veterans have died by suicide since 2001. • There were 6,146 veteran suicides in 2020. • There have been 20 consecutive years with 6,000-plus veteran suicides. The study aimed to determine the association between vitamin D supplementation, vitamin D blood serum levels, suicide attempts, and intentional self-harm in a group of veterans in the Department of Veterans Affairs.

The retrospective cohort study looked at veterans who had filled either a vitamin D3 or vitamin D2 prescription between 2010 and 2018. A cohort of 169,241 vitamin D2-treated veterans and 490,885 vitamin D3-treated veterans were each matched to an equal number of controls that had similar demographics and medical histories. The results of the study showed that vitamin D3 and D2 supplementation was associated with a 45 percent and 48 percent reduced risk of suicide attempt and self-harm. This was an almost 44 percent difference between the groups receiving supplementation and the control group. Additionally, the study found that vitamin D supplementation among black veterans was associated with a 60 percent decline in suicide attempts, and in veterans with vitamin D deficiency, which the study defined as being below 20 nanograms per milliliter (ng/mL), there was a more than 64 percent reduction in potential suicide attempts.

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“..in exceptional circumstances of unjust laws, ethical responsibilities should supersede legal duties.”

• The Doctor Indicted For Not Killing His Patients (Horowitz)

All the government officials, pharmaceutical executives, and doctors involved in defrauding the public with taxpayer funding and violating the consent of humanity to mandate dangerous shots are absolved of liability. Meanwhile, a doctor who took his Hippocratic Oath seriously and allegedly saved nearly 2,000 patients (with FULL CONSENT) from the shots, is facing serious federal charges for conspiracy to defraud the government defrauders. We’re all big talkers. We’d like to believe that if we were there in Germany during the late 1930s, we would have protested the budding genocide, which was first rooted in medical experimentation and coerced sterilization. But just like most doctors and scientists went along with the Third Reich, nearly every doctor went along with the Fourth Reich in coercing patients into taking a known dangerous shot because they were “just following orders” and “following the science.”

Dr. Kirk Moore, an experienced plastic surgeon from Utah, on the other hand, has risked his life and career to actually follow the dictates of the Nuremberg Code. Yet despite everything we now know about the shots, which should win him the Presidential Medal of Freedom for his alleged actions, he is the one facing prosecution for a disposing of a shot that is only on the market because of government fraud. In January, Dr. Moore, along with two members of his clinic’s staff and a neighbor, were indicted on conspiracy to defraud the federal government by allegedly offering nearly 2,000 patients saline injections along with vaccine documentation while disposing of the real shots into the sink. To be clear, he is not being accused of tricking patients. He never offered unsuspecting patients fake shots. These were all people (or parents of minors) who desperately sought him out to bypass the genocidal, unconstitutional, inhumane, and immoral jab mandates, so they could go on with their lives unharmed by this terrible technology.

Prosecutors accuse Dr. Moore and staff at the Plastic Surgery Institute of Utah of pretending to administer 391 children shots, 524 adult Pfizer shots, 64 Moderna shots, and 958 J&J shots between October 2021 and Sept. 2022 just based on the inventory of shots that went to that office. That was long after it was known these shots were dangerous, yet Moore, not the Pfizer executives, faces up to five years in federal prison. According to the AMA Medical Code, “When physicians believe a law violates ethical values or is unjust, they should work to change in law.” However, it adds that “in exceptional circumstances of unjust laws, ethical responsibilities should supersede legal duties.”That is clearly going to be part of Moore’s defense if he is indeed shown to have given people saline at their request. Ironically, Moore is being accused of grifting and running a fake vaccine card ring and earning $98,000 off it. Dr. Moore, though, rigorously disputed this fact in an interview on my podcast and notes that when people asked him for his fee for COVID treatment, he told them to donate it to a 501(c)(3) medical freedom group.

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