Debt Rattle June 23 2022

 

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  • #110213

    Georges Seurat Study for “A Sunday on La Grande Jatte” 1884   • Why Joe Biden and Volodymyr Zelensky Won’t Say Ukraine Is Winning the War (NW) •
    [See the full post at: Debt Rattle June 23 2022]

    #110214
    Red
    Participant

    History ended in 1991. That, at least, was the myth put about by a certain triumphalist brand of neoliberal. The West had won the cold war. The communist beast had been slayed. And the looming twenty-first century would be an American one. From that point on, there would be just one globalised system in which states traded and played according to the values and rules of the USA and its western vassals. This was, if you will, the New World Order 1.0 – the new American century and the economic Great Moderation.

    There were detractors of course. The late Immanuel Wallerstein pointed out that peak America happened in 1945 not 1991, while the late Chalmers Johnson argued that the true meaning of 1991 was that the USSR had merely collapsed first, and that the USA would surely follow suit – not least as the consequences of its – often violent – attempt to dictate the global rules came home to roost. Although broadly correct, the detractors tended to mistake inevitability for imminence, and were disappointed by the two decades of western, debt-based economic growth which followed. Indeed, even the unravelling – following the peak of conventional oil production in 2005 and the resulting banking and financial crash in 2008 – has also proceeded at a snail’s pace. Nevertheless, the 2008 crash and the ensuing depression spurred the western elites to re-imagine their New World Order.

    The New, New, New World Order

    #110215
    Dr. D
    Participant

    “Probability of Global Recession Nearing 50%: Citigroup Economists”

    You get either yield curve inversion, or gas going up (+50%?) and you have a 100% recession. We have both, with the gas 3x-4x, not 1/2x. CitiGroup, you’re fired. Remove your money, they have no idea what they’re talking about and are bad at business.

    “’Inflation Was High Before Ukraine’: Powell Tosses Biden Back Under The Bus”

    “New Orleans Grill Becomes First Business Allowed By Court to Recover Damages for COVID-19 Lockdown Losses”

    If with precedent – and it should be – then this will bankrupt all government if short order. Not only was it WRONG, not only did it NOT WORK, No law was ever passed.

    Ray Dalio: “They also take buying power away by raising interest rates, which increases the amount of money that has to go toward paying interest and decreases the amount of money that goes toward spending.”

    That is, it transfers money FROM the public and businesses and TO the bankers. In an overwhelming way. A bank carpet bombing, if you will.

    “it takes buying power away. It just shifts some of the squeezing of people via inflation to squeezing them via giving them less buying power.
    The only way to raise living standards over the long term is to raise productivity and central banks don’t do that.”

    No. YOU do that. With work. Central Banks TAKE work. And waste it, mostly on pet projects and their friends.

    “More specifically, central banks inject doses of stimulation into the system via injecting credit and money into the system, which produces increases in demand for goods, services, and investment assets that are followed by periods of paying back and withdrawals of the stimulations, which produce lows in demand that are depressing. Whenever these depressing periods of paying back become too depressing, central banks typically provide another and even bigger dose of stimulation. They produce the short-term debt cycles (also known as the business cycle), which typically last for about seven years give or take a few.”

    Seven Years. Which THEY cause. Pulling first the “Inflation” then the “Deflation” lever, which we all agree they do. Didn’t mean to quote this article so much, but…

    These short-term debt cycles add up to the long-term debt cycles that typically last about 75 years”

    Kondratieff. The 4th Turning. The big war to end all wars. Which destroys one half’s debt, and resets the system to over-print and over-debt again. Who cares which side?
    https://www.linkedin.com/pulse/reducing-inflation-come-great-cost-stagflation-ray-dalio/

    “TPTB just need a big enough war to always be a big enough emergency for whatever emergency measures they need”

    MSNBC guest: “There is a great deal of Americans where it is uncomfortable that they’re spending more, but they are not gonna go under. You’ve got to stop complaining … you still have your job … so I’m gonna need you to calm down and back off.”

    Was that the job where wages haven’t risen since 1993 and now does the work of 5 people, with 24/7 coverage even on vacation? Because I got sick and lost that job with no health care.

    Back off, have a margarita. Buy yourself a new Tesla and forget about it. Know your place.

    “Come together, right now, over me.”

    We did catch that Russia is more or less immediately supporting F-Stan, now that the U.S. utterly failed to win with their trillion dollar military budget against AK’s. (Cue how we don’t need weapons here because no one can beat the Army)

    But what does that mean? It means the war and bad blood are over, and longtime former enemies have united…Against the United States. This represents many nations, the “Global South”, that I suspect are doing the same thing. Stopping all squabbles for now to face the existential threat of the modern Napoleon, the Spirit of Antichrist (as Nostradamus would say) roaming the earth right now. Count what Christ stood for, then name the #Opposite. That’s them.

    There was a lot of coverage on Dore/Tucker this time, I don’t entirely know why. I think most are surprised since blinded by Right/Left as if somehow we can’t figure that to be entirely fake by now. Dore commented on it as 1) Tucker will platform far-Leftists, far to the Left of Bernie and MSNBC won’t 2) Isn’t it odd that to look for populists, anti-war, anti-billionaire, anti-monopoly, reporting on free speech, Assange, anything outside the establishment narrative™ you now have to look to the RIGHT? (Not really. It was all just made up that that was true, but it gets it into headlines)

    To me seemed like the same things we keep saying, but said snappily.

    LA Times: “There’s no Inflation”. “Inflation is Transitory”. “It’s not transitory but it’s good for you”. So as above, sit down, shut up, and know your place: You’re the cannon fodder required if I’m going to have 5 beach houses and a private jet.

    “Somehow the widespread notion has remained that mighty Russia will inevitably prevail over a weaker Ukraine. It won’t.”

    Holy Moly! I just read similar from Gatestone. Any communication whatsoever is “Appeasement”. The Russians don’t exist and therefore have no legitimate concerns and we will defeat them using more “signaling”. Russia must be utterly defeated, of course, and we can and will do that with no tanks and no men. How long will this psychosis persist? Apparently over 20 years, but these things come to crisis.

    “Yet scarcely anyone wants to say that Russia has lost.”

    Jawdropping. EVERYONE wants to say this, sir. Although it’s also false. So Rus owns 1/3 of the nation, Ze has no remaining equipment and fighting men, meaning the whole army is erased and Rus can now roam at will, and Russia…Lost? What is the purpose of this lie, Baghdad Bob?

    Before and After: “We were never at war with Estasia. We were always at war with Eurasia.” Winston makes sure, just go fact-check for yourself: the headlines clearly prove we were never at war with Estasia, you nut. Google and Facebook and the adulterer plagiarist who left his wife for a prostitute say so.

    I’m lost as to why this Newsweek article was written, since I don’t have a sense it’s because they are plotting a chemical attack or something because “Russia is desperate and losing.” Maybe they can’t think of anything else? If so, they usually start ANOTHER war and get distracted: Squirrel! Johnny Depp!

    Powell: so the story here is that someone was able to make someone tell the truth for once? I’ll admit: that is news. Low bar.

    “Russia, with its vast energy potential, “is the Noah’s Ark”

    But I thought Peak Oil: There was no oil left on earth? Therefore there is no oil in Russia, Iran, Libya, and East Africa. Wait: there actually IS still enough oil for another whole generation to use?

    “imagine if the Ku Klux Klan in the USA created its own website and posted there the addresses, bank accounts and other personal data of all politicians, actors and musicians who disagree with them. And the authorities would help them at the same time. This is what is happening in Ukraine now.”

    We don’t have to imagine, that’s happening here too. To Senators and Supreme Court Justices. And Presidents.

    “The vaccine mandates are disappearing”

    It’s just classic torture/control technique: people get accustomed to pressure, so you you must release the pressure, give them hope, then kill the hope in front of them with more violence. Until you utterly annihilate these guys, the torturers, you cannot be truly safe. As they have both committed mass crimes, and are deeply mentally ill, it shouldn’t be too hard to legally remove them. Point being: so long as you remain exclusively defensive, they are safe but you are not. You must mount an offensive to remove their power. But that wouldn’t be “nice”.

    ““Russia sells its oil to China and India where it gets refined. The resulting gasoline and diesel is then exported to the U.S..”

    All steps for a year are strengthening Russia and other nations, and are undermining Globalism. Are you sure that’s just a big accident? Sure is odd for Joe to make 100% of all moves that help Russia, including INCREASING all Russian imports to the ‘States while claiming to do the opposite. Europe is the only one collapsing here.

    “The gas tax suspension would reduce the cost of a gallon of diesel fuel by 24 cents.”

    Why bother? I mean, really. You need to knock $1-2 dollars off it to make a dent.

    “Biden was there for one reason: China.”

    We have exactly zero chance against China. For about a thousand reasons, but let’s just say it’s too far away with no possible bases. And we would, what? Declare war? Hahahahaha. We never follow the law. So we’re going to somehow I dunno, take over all Malaysia, all the Philippines, Vietnam more or less permanently to contain them? No we are not. Stay home. If we’re attacked, we can embargo/nuke them then. The U.S. can’t even defeat goatherders and ceded $6B in weapons when we unconditionally surrendered. And they say two Billy-bobs can’t defeat the U.S. with a pickup truck of AR’s. That’s not what our ACTUAL war record says. One of the Billy-Bobs would be a soldier in the first place.

    “[Biden] said twice -in roughly the same time frame – that U.S. would defend Taiwan against China.”

    Just like he said F-Stan was stable and we’re not leaving. Somebody’s staging this so the exact opposite always happens immediately after. However, the whole nation is in mass psychosis and never notices, even when gas is $8 and all their neighbors are dying. If China takes Taiwan, we’re going to watch and do nothing. Like Ukraine, we have no equipment, tanks, artillery or men anywhere in the theatre. We’re utterly helpless before a little detail called “Reality.” And Biden will take the fall. You didn’t think Trump was going to sit there when we cede Taiwan to China on a quid pro quo, did you?

    “Sri Lanka Economy Has ‘Completely Collapsed’ – PM (Sky)”

    If I’m not mistaken, wasn’t this a case of going to Socialism and trying to transition energy and food too fast? Yes, that sounds like a Beta test. Will Russia provide like so many places? They did recently, but how much? To me the metaphor and caution to us is that they have plenty of fish to sell but without the upfront diesel for the boats, they can’t go catch it for sale. That’s how the whole system works right now. We don’t have sailing ships or backup systems at scale to bootstrap right now, so it takes credit or flow. Don’t let the engine stall, it’s possible but it’s too hard to re-start it.

    This is what they said about the West starting a war but refusing to be serious about it, in ration cards, re-allocation to priority. It’s certain defeat. Which is the point. They’re trying to run the Russian Revolution model from 1917.

    “[Maxwell] was a calculating, sophisticated, and dangerous criminal who preyed on vulnerable young girls and groomed them for sexual abuse.”

    So were her clients. Where are they?

    “Extraditing Assange Would Be a “Legalized” Rendition to US Torture (Kanji)”

    Yeah we just pirate, steal, and kidnap stuff now. That’s what “exceptional” “Indispensable” “Moral” nations do.

    “The communist beast had been slayed.”

    Actually, the NeoCons/NeoLibs ARE the communists. That’s how the “Neo-Con” name was coined: they were ultra, forever-revolution Trotskyists on the Left who popped up like Gophers on the “far Right”. “Neo-Con” was a tongue-in-cheek joke because they were as far from “Right” or Conservative as is possible to be. Not that they weren’t also Socialists in their representation on the Left, since they are not Kennedy/Union Democrats – clearly – but centralized Authoritarians against free speech, free assembly, and gun rights for Democratic Party, union-member hunters. That is, they are all against everything the 70-year Democrats from FDR and JFK stood for. NAFTA. That sucking sound. Of sucking all union power out of the U.S., supported by the DNC for CEO bosses for 30 years.

    It’s actually the “Same Old S—t” order, the oldest failure in history, recycling failure, re-creating stupid. There’s nothing “New” about them at all. It’s prostitution, murder, Feudalism, Eugenics, piracy, brigandry. The guys are Boring. Boring as h—l. They just have a great PR team that makes you think they matter. They’re useless, inbred, trust-fund kids that without a broad system of bribery and murder fail even running a baseball team like “W”.

    That last Consciousness of Sheep (CoS) was good, so I’m trying to warm up to them.

    #110216
    Oroboros
    Participant

    The Fourth Law of Themodynamics

    4th Pay in Rubles

    “….then Germany reopens coal plants.
    The coal is bought from Russia.”

    IEA: Europe Should Prepare For Complete Russian Gas Shutdown

    https://www.zerohedge.com/commodities/iea-europe-should-prepare-complete-russian-gas-shutdown

    .

    #110217
    Oroboros
    Participant

    The Weather Forecast from Eurotardistan with Greta

    #110218
    Oroboros
    Participant

    Greta Thunberg sails away on hot air balloon powered by her own fiery breath

    .

    #110219
    zerosum
    Participant

    Ancient history.
    Its been tried and done before.
    Nothing new. We heard it before
    Its only, a summary for the regular posters at TAE
    Read more … keep reading TAE
    —————-
    Pensioners have already survived the worst inflation of 40 years ago
    Its going to get better.
    Inflation may go back down to 2% but it will be on the back of the all the high prices.
    ———–
    President Zelensky is guilty of war atrocities every time he speaks
    When President Biden and his fellow Western leaders speak, of the defense of freedom and democracy, they are lying.

    Read more … from Newsweek (don’t laugh too loud)

    https://www.newsweek.com/why-joe-biden-volodymyr-zelensky-wont-say-ukraine-winning-war-1717463
    Why Joe Biden and Volodymyr Zelensky Won’t Say Ukraine Is Winning the War
    BY WILLIAM M. ARKIN ON 6/22/22
    262 Comments
    ——–
    The real reason for high fuel prices …. supply shortage and extortion

    Three of the biggest oil producers on the globe, Venezuela, Iran and Russia, are under U.S. sanctions that limit their oil exports:
    Russia sells it oil to China and India where it gets refined. The resulting gasoline and diesel is then exported to the U.S.. That is good for India and China as they buy the oil with a rebate and sell the end products with a substantial margin. It is a ‘win’ ‘win’ ‘win’ for Russia, India and China with the sole loser being the ‘west’.
    ———–

    #110221

    This compilation of obits and stories is a tearjerker. And I don’t know much about this website, but the headline is disturbing.
    If anyone out there is on Mark Crispin Miller’s site, maybe you could send him these two offerings.

    #110222
    John Day
    Participant

    Continuing a theme from last night: Aluminum smelting being shut down by high global electricity prices:
    Aluminum smelting/extraction used (2010) 3% of global electricity, typically the cheap and steady stufflike rural hydroelectric. http://wordpress.mrreid.org/2011/07/15/electricity-consumption-in-the-production-of-aluminium/#:~:text=To%20put%20that%20in%20perspective,went%20to%20extraction%20of%20aluminium.
    Bitcoin uses 0.5% of global electricity, typically cheap, steady rural electricity, but is far more mobile and able to move into an area quickly and move out again. (90% of Bitcoins have been “mined”.)
    https://www.businessinsider.com/bitcoin-mining-electricity-usage-more-than-google-2021-9#:~:text=Bitcoin%20mining%20consumes%20roughly%200.5,per%20year%2C%20the%20report%20said.
    Make a 5 year plan… 10 year plan … etc.

    #110223
    Autonomous Unit
    Participant

    But I thought Peak Oil: There was no oil left on earth?

    That is not what peak oil means. You should know this. And enough for one more generation? Twenty years more? That’s rather soon in my opinion.

    #110224
    zerosum
    Participant

    With Impunity.
    Your EU leader can go south for the winter.

    https://www.rt.com/business/557691-russian-pipeline-repair-panic-germany/
    Nord Stream pipeline to be switched off for 10 days
    Planned annual maintenance will take place from July 11 to July 21

    According to the paper, last week’s 60% reduction of gas flow by Gazprom due to a technical issue with parts adds to fears that the supply may be shut down completely. This comes as Europe is trying to top up its gas reserves ahead of the winter season.

    #110225
    Figmund Sreud
    Participant

    Here we go:

    “Justice Clarence Thomas, writing for the six-justice conservative majority on the court, held that Americans have a right to carry “commonly used” firearms in public for personal defence.”

    Supreme Court ruling expands US gun rights
    https://www.bbc.com/news/world-us-canada-61915237

    … like I said above, here we go: … Sodom and Gomorrah: … The Gunfighter (Best Short Film Ever):

    F.S.

    #110226
    Sam Birch
    Participant

    @MPSK

    I am on MCM’s site and I posted the links that you shared. Thank you for your efforts to assist in this grim undertaking. Mark has been posting worldly obituaries weekly and it makes for sobering reading.

    Seeing a comprehensive list of healthy young athletes that have died over the year since the shots were rolled out adds a certain amount of undeniable gravity to the tragedy we are currently in.

    #110227
    Figmund Sreud
    Participant

    This is absolute idiocy! Why would North Stream I rotating parts be shipped to Canada, … for servicing? Yet, … yet that’s what happened!

    Sanctions on Russia make it impossible for German equipment supplier Siemens Energy (ENR1n.DE) to receive the pipeline part, the company said last week.

    Canada seeking pathway to enable German gas flow amid Russian sanctions -Bloomberg
    https://www.reuters.com/business/energy/canada-seeking-pathway-enable-german-gas-flow-amid-russian-sanctions-bloomberg-2022-06-21/

    German equipment supplier [ the manufacturer of the North Stream I equipment ] sends the equipment to Canada for servicing? Really? Since when? Since when Canada is a specialist in rebuilding rotating equipment? [ … just asking, being a rotating equipment specialist (ret.) ]

    F.S.

    #110228
    John Day
    Participant

    Former President Donald Trump has praised the Texas GOP for adopting a platform on June 18 that rejected the results of the 2020 presidential election…

    The former president’s comments came days after Texas Republicans passed a resolution stating that President Joe Biden was “not legitimately elected,” and that “substantial” election fraud in key metropolitan areas influenced the results of the 2020 presidential election in favor of Biden.

    “We believe that the 2020 election violated Article 1 and 2 of the US Constitution, that various secretaries of state illegally circumvented their state legislatures in conducting their elections in multiple ways, including by allowing ballots to be received after November 3, 2020,” states the GOP’s resolution passed on June 18, the last day of a three-day biennial Texas Republican convention held in Houston, Texas.

    “We believe that substantial election fraud in key metropolitan areas significantly affected the results in five key states in favor of Joseph Robinette Biden Jr. We reject the certified results of the 2020 Presidential election, and we hold that acting President Joseph Robinette Biden Jr. was not legitimately elected by the people of the United States.”
    https://www.zerohedge.com/political/such-courage-trump-praises-texas-gop-disavowing-result-2020-presidential-election

    #110229
    zerosum
    Participant

    ….. elected by the people of the United States.
    Tell me again, who elects the President
    https://www.lwv.org/blog/who-will-elect-president-electoral-college-system
    “Every four years, the Electoral College, a little known feature of our Constitution, enjoys a fleeting movement of fame. About six weeks after the long grind of the presidential election is over, the 538 members of the college meet in their respective states to perform their sole constitutional function: to elect the President and Vice-President of the United States.”

    #110230

    Thanks, Sam. It is grim, indeed.
    I just woke up from a dream-filled nap (ah, the privileges of old age!) where there was a tiger in the house. Thanks, Calvin.
    Cool, Texas.

    #110231
    Rototillerman
    Participant

    Pardon me if this is a re-post, but I don’t think this paper has been mentioned on TAE yet:

    Serious Adverse Events of Special Interest Following mRNA Vaccination in Randomized Trials

    The money shot is right in the abstract:

    Combined, the mRNA vaccines were associated with an absolute risk increase of serious adverse events of special interest of 12.5 per 10,000 (95% CI 2.1 to 22.9). The excess risk of serious adverse events of special interest surpassed the risk reduction for COVID-19 hospitalization relative to the placebo group in both Pfizer and Moderna trials (2.3 and 6.4 per 10,000 participants, respectively).

    Not yet peer-reviewed, probably unlikely to pass peer-review, due it being Very Damaging To The Safe And Effective(tm) Narrative. I picked this up from The Last American Vagabond, by the way.

    #110232
    John Day
    Participant

    @Rototillerman: Yes, “Serious Adverse Events” … The dam(n) just broke on hiding study data from the public.

    #110233
    John Day
    Participant

    Competing Paradigms, with yet another pic of me doggedly reinforcing the tail-end of 13 kitchen cabinets before installation. https://drjohnsblog.substack.com/p/competing-paradigms

    Another perspective on WEF’s “Great Reset”: “It’s not a Turndown”. It’s a Takedown”, Catherine Austin Fitts​
    ​ ​High food and fuel prices along with crushing interest rates are no accident. CAF explains, “To me, this is part of the ‘going direct reset.’ …”
    ​ ​“There is an official narrative, and the official narrative is they’ve got to stop inflation… Let’s look very simply at what happened. They voted on the direct reset. Then they injected $5 trillion into the economy that went to the insiders. Then they used Covid to shut down the economy run by the outsiders. Now, the outsiders want to open another business, and they are going to radically raise the cost of capital to the outsiders. What’s going to happen is that $5 trillion is going to buy more assets more cheaply. To me, this is part of centralizing the control of the economy. They are asserting very significant central control. This is not a turndown–this is a takedown.”
    ​ ​CAF’s view of the economy is simple and tangible. CAF says, “This is a world where people are trying to get into real assets that can generate a yield…”
    ​ ​”Let me tell you what the problem is. Doing things that create value on assets requires the rule of law. We are watching a very significant financial coup d’état. We have talked about this for years. That financial coup d’état is turning into a coup, and you are seeing a fundamental breakdown of law and order in many places. It is related to people trying to pick up assets. We see cities where crime is off the charts, and speculators are out having a field day picking up assets with that $5 trillion.”
    ​ ​CAF says, “At some point, you have to realize we are in a war…”
    “We have an enemy. We have the power to win, but we are going to have to fight. If you look at our ancestors in the last 10,000 years, I dare say we have it in us. Let’s get out of fear and get into fighting mode. There are two roads. We can preserve, rebuild and protect the human civilization, or we can become slaves. If you look at what these guys are up to, death is not the worst thing that can happen to you. Do not fear death. Fear slavery in a transhuman society.”
    https://www.zerohedge.com/geopolitical/its-not-turndownits-takedown-austin-fitts

    Michael Every of Rabobank thinks BRICS initiatives are likely to be ineffectual (but he’s not completely certain) [I think 3, then 2, then 1 happen in that order)
    ​ ​A BRICS alternative is that global shadow banking, actual banking, and real trade flows should all start to accept credit based on a new digital FX with commodities as collateral instead. Which also implies people won’t be able to repay their Eurodollar commitments.
    ​ ​There are lots of ways the West can respond to this.
    1)​ ​Hedge fund billionaires and Wall Street can say ‘We want in!’, which is possible given Western financial systems operate like mercenaries rather than an army (which is why there are no countries around today that operate their national defence on that basis.) If that happens, some rich Westerners get richer, but the West loses its global pre-eminence and the geopolitical power to act on issues like Ukraine and Taiwan.
    2)​ ​Or the Fed can say anyone using a BRICS currency loses access to the US financial system. That would bifurcate the world. As we already see with sanctions against Russia, it would also mean the West, and third parties, doesn’t get the commodities (or industrial goods) that the BRICS produce. That means massive inflation in some places, deflation in others, and global depression, not recession. I wouldn’t rule it out, but the end-game is clear.
    3)​ ​Or the Fed can keep raising rates to force commodity prices down, raising the collateral attractiveness of the US$ and reducing that of its new rival. That would mean recession – and it already does. It would imply a massive blow-up for those leveraged long commodities – as with crypto. It would also make getting hold of US$ even harder – but that’s what Fed swap-lines, for friends, would be for. This is obviously not what the markets think will happen, and I understand why. (“Because markets.”) However, it’s not cartoonish. It’s just taking monetary policy into the geopolitical dimension, where it always sits, and most so when potential monetary rivals appear.
    https://www.zerohedge.com/markets/powell-greyskull

    (Brief excerpt, please excuse)
    Pepe Escobar: Exile on Main Street: The Sound of the Unipolar World Fading Away
    .. An expanded BRICS with a parallel G8 configuration is bound to easily overtake the Western-centric one in importance as well as GDP by purchasing power parity (PPP).
    ​ ​BRICS in 2021 already added Bangladesh, Egypt, the UAE and Uruguay to its New Development Bank (NDB). In May, at Foreign Ministry-level debates, Argentina, Egypt, Indonesia, Kazakhstan, Nigeria, the UAE, Saudi Arabia, Senegal and Thailand were added to the 5 BRICS members. Leaders of some of these nations will be connected to the Beijing summit.
    ​ ​BRICS plays a completely different game from the G20. They aim for the grassroots, and it’s all about slowly “building trust” – a very Chinese concept. They are creating an independent Credit Rating Agency – away from the Anglo-American racket – and deepening a Currency Reserves Arrangement. The NDB – including its regional offices in India and South Africa – has been involved in hundreds of projects. Time will tell: one day the NDB will make the World Bank superfluous.

    Exile on Main Street: The Sound of the Unipolar World Fading Away

    #110235
    John Day
    Participant

    ​ No contracted pump turbine repair leads to severe reduction in Nordstream pipeline gas flows.
    German company Siemens shipped the turbines to Canadian maintenance site, which won’t return them to Germany, for return to pumping duty.
    Canada is sorry that Germany is hurt, but hands-are-tied. Germany is sorry that France, Austria and the Czech Republic are getting hurt, but hands-are-tied.
    Canada working to return Russian gas turbines
    Ottawa intends to stick to anti-Russia sanctions, but does not want them to harm Germany
    ​ ​Canada is exploring ways to return crucial parts for Russia’s Nord Stream pipeline, which are currently stuck in the country due to sanctions, Bloomberg reported on Tuesday citing Canadian Minister of Natural Resources Jonathan Wilkinson.​..
    ..​The parts fall under Canada’s penalties against Russia, and Ottawa says it cannot return them without breaching these restrictions.
    ​ ​“We want to respect the sanctions because the sanctions were put into place for a reason. That being said, the intent of the sanctions was never to cause significant pain to Germany, which is one of our closest friends and allies. So, we are very seized with this issue,” Wilkinson told the news outlet.
    ​ ​“We are talking to Germany, trying to find a pathway through which we can actually enable the flow of gas. There may be different options that we can look at,” he stated, adding that Ottawa is negotiating with Berlin on ways to return the equipment.
    ​ ​According to the German Federal Grid Agency, the reduction in gas flow affected the supply of Russian gas from Germany to other European countries, including France, Austria and the Czech Republic.
    https://www.rt.com/business/557618-canada-nord-stream-turbines/

    The President of Mexico has now again offered full asylum to Julian Assange.
    “Mexico opens the doors to Assange,” the president declared.
    It is good to remember that AMLO spoke to Trump and offered asylum and he is now promising to speak to Biden, to again offer asylum.
    AMLO’s briefing to journalists included playing the ‘collateral murder’ clip.

    AMLO yet again blows the whistle on Julian Assange, educating his journalists

    #110236
    John Day
    Participant

    ​ ​Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT.
    ​ ​While addressing a BRICS business forum, Putin said that together with its BRICS partners – Brazil, India, China and South Africa – Russia is developing reliable alternatives for international payments.
    ​ ​“The Russian system for transmitting financial messages is open to connecting banks from the five countries,” he said, adding: “The geography of the use of the Russian payment system Mir is expanding.”
    https://www.rt.com/business/557620-russian-financial-messenger-brics/

    ‘Golden Ruble’: Russian Think-Tank Proposes Stablecoin To Overcome Western Sanctions
    ..The measure is supposed to protect the golden ruble from US-led attempts to undermine its trading properties and value.
    While it is not clear if the proposed coin will be convertible to the precious metal – a practice long abandoned by most fiat monies -, the VEB.RF noted that the golden ruble would be specifically designed for international trade and not intra-state use.
    Furthermore, it should be tradable by third countries without Russian involvement.
    https://sputniknews.com/20220622/golden-ruble-russian-think-tank-proposes-stablecoin-to-overcome-western-sanctions–1096572076.html

    China Approves $2.3 Billion Loan for Crisis-Hit Pakistan Ahead of Potential IMF Deal
    https://sputniknews.com/20220622/china-approves-23-billion-loan-for-crisis-hit-pakistan-ahead-of-potential-imf-deal-1096566535.html

    Sri Lanka Pins Hope on India, Russia as Fuel Supplies Run Out, Triggering Violence and Shutdowns
    ​(Prime Minister)​ Wickremesinghe has lauded the role of New Delhi in the ongoing crisis, underlining that it is the only nation to have assisted Colombo. India has provided Sri Lanka with around $3 billion in economic assistance since the crisis broke out this year.
    ​ ​Wickremesinghe also began talks on Monday with a delegation from the International Monetary Fund (IMF), which is visiting Colombo for the first time since the south Asian nation requested a bailout package of nearly $3 billion.​ (How can Sri Lanka pay back the IMF? Impose “austerity”?)​
    ​https://sputniknews.com/20220621/sri-lanka-pins-hope-on-india-russia-as-fuel-supplies-run-out-triggering-violence-and-shutdowns-1096511237.html

    #110237
    John Day
    Participant

    So , so much COVID (bad) cat out of the bag news here:
    https://drjohnsblog.substack.com/p/competing-paradigms

    #110238
    Veracious Poet
    Participant

    Finally a sane decision from the Supremes, of course Thomas led the pack…

    Hopefully this will help stem the tide of criminally insane predation upon the innocent public, but more stringent controls MUST be enacted to prevent the felonious thugs & mentally unstable from access to ANY firearm from the start.

    Also, in cases of negligent firearm owners that take inadequate precautions to prevent theft, there should be consequences if the gun is used in a crime.

    Thousands of prison inmates were surveyed across the United States with specific questions on how they obtained firearms. The results showed less than 2 percent of the prisoners surveyed obtained a firearm from a retail source.

    So where did they get the guns? The answer is simple. They got them from people who had legally purchased them but didn’t secure them.

    Most of the firearms used by prisoners during the commission of their crimes were stolen, either by the crook themselves or bought from someone else who had stolen it.

    It doesn’t take a rocket scientist to figure out the problem. Too many gun owners are not securing their firearms. How bad is the problem?

    Well, the numbers aren’t exact but in the last decade over 2 million guns were reported stolen. Estimates range anywhere from 237,000 to 380,000 firearms are stolen every year from gun owners. Gun theft is also believed to be significantly under reported. Most states don’t require gun owners to report when their guns have been stolen.

    Firearms aren’t just being stolen from homes but from vehicles as well. Whenever a thief finds a firearm, they’ve hit the jackpot.

    Guns are easy to sell on the underground market. If you hang around the right WRONG places and with the right WRONG people, it’s easy to get a hold of a gun.

    New survey confirms majority of guns used by criminals are taken from people’s homes and cars

    #110239
    Veracious Poet
    Participant

    Poll: 92 Percent Say Rising Gas Prices a ‘Serious’ Problem in Biden’s America

    It appears, however, that the American people are not buying the administration’s narrative, as just 11 percent blame Putin for higher gas prices.

    One in five Democrats blame Putin, but just nine percent of independents and four percent of Republicans feel the same way, per the survey.

    Across the board, a majority — 52 percent — blame Biden for higher gas prices. Eighty percent of Republicans, 54 percent of independents, and 24 percent of Democrats hold those same sentiments. Another 29 percent blame major oil companies.

    https://www.breitbart.com/politics/2022/06/22/poll-92-percent-say-rising-gas-prices-serious-problem-bidens-america/

    #110240
    Oroboros
    Participant

    The Land of the Free & the Home of the Brave

    .

    #110241
    Figmund Sreud
    Participant

    @ D Benton Smith – What would happen if a human fell in love with a robot ?
    __________________

    … or vice versa: another short flick on the same subject:

    Sci-Fi Short Film “The Masseuse” | DUST

    F.S.

    #110242
    Veracious Poet
    Participant

    If I ever see or hear of you shooting at a man in a parachute, I will shoot you myself ~ Gustav Rödel

    #110243
    WES
    Participant

    Joe isn’t too worried about the November 2022 mid-term elections.
    The federal government has taken active control of all state election commissions.
    In November Americans will find this out.
    But it will be too late to do anything about it.

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