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Debt Rattle November 25 2023

Nov 252023
 
 November 25, 2023  Posted by at 9:30 am Finance Tagged with: , , , , , , , , , ,  31 Responses »


Giorgio de Chirico The Enigma of the Hour 1910

 

• No Ceasefire in the Propaganda War (Craig Murray)
• As Israel Pounds Gaza, BBC Journalists Accuse Broadcaster Of Bias (AlJ)
• Was October 7th a Hamas or Israeli Massacre? (Cradle)
• The Eviction Notice Is Being Written, and Will Come in Four Languages (Escobar)
• Ukraine Conflict Could Have Ended In Spring 2022 – Kiev’s Top MP (RT)
• US, Germany Trying To Nudge Ukraine To Negotiating Table (TASS)
• Zelensky Flags New Military Conscription Drive (RT)
• Maidan 10 Years On… (SCF Op-ed)
• Control of AI Can Be Similar To Nuclear Non-Proliferation Rules – Putin (TASS)
• Eliminating Central Bank ‘Non-Negotiable’ – Argentina’s Milei (RT)
• Netizens Slam Biden’s ‘Thanksgiving Guide for Responding to MAGA Nonsense’ (Sp.)
• The Biden Administration’s EV Goals Are an Expensive Fantasy (RCW)
• How Electric Vehicles Harm The Environment They’re Supposed To Save (RT)

 

 

 

 

Haaretz

 

 

 

 

Finkelstein

 

 

 

 

Scott Ritter reveals why he gave up his career to fight against Netanyahu & the Israeli Right-Wing

 

 

Nap Macgregor

 

 

 

 

VDH

 

 

Garland

 

 

 

 

 

 

“This “justice” system is an essential part of the imposition of apartheid and the slow genocide, which did not just start this autumn. The BBC won’t tell you that either..”

• No Ceasefire in the Propaganda War (Craig Murray)

I have had BBC News on in the background for the last two hours. In that time there have been three lengthy interviews with different relatives of Israeli hostages held by Hamas. There has not been a single interview with a Palestinian relative of a Palestinian prisoner held by Israel. Today 13 Israeli prisoners and 39 Palestinian prisoners are due to be released. 90% of the BBC mentions of prisoner releases do not include the Palestinians at all. Just finished is a ten minute interview of a Professor in Kent on the psychological effects on Israeli hostages. Earlier there was an expert from Tel Aviv on the psychological impact on Israeli hostages’ families. There has been no mreport whatosever of the impact on Palestinian prisoners and their families. The BBC simply does not treat the Palestinians as human, whereas the emphasis on Israeli personal victimhood is incessant and unrelenting.

Of the 300 Palestinian women and children prisoners on the list possibly to be released during the ceasefire, 252 have never been charged with any crime. 23 were charged with stone throwing. Since October 8 over 200 Palestinian children have been taken prisoner, none of whom had anything to do with the October 7 attacks. That rather puts the possible release of 33 children and six women today into perspective. But it is not a perspective the BBC would ever give you. Over 2,000 Palestinians are held by Israel in “administrative detention”, without charge or trial. Some for over twenty years. Since 1967 Israel has made over 1 million arrests of Palestinians. This “justice” system is an essential part of the imposition of apartheid and the slow genocide, which did not just start this autumn. The BBC won’t tell you that either, and appears to have no problem with permanently showcasing its Israel based correspondents churning out the Israeli propaganda narrative, with no attempt at either perspective or balance.

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“The group does not plan to send the letter to BBC executives, believing such a move was unlikely to lead to meaningful discussions..”

• As Israel Pounds Gaza, BBC Journalists Accuse Broadcaster Of Bias (AlJ)

The BBC has been accused by its journalists of failing to tell the story of the Israel-Palestine conflict accurately, investing greater effort in humanising Israeli victims compared with Palestinians, and omitting key historical context in coverage. In a 2,300-word letter written to Al Jazeera by eight UK-based journalists employed by the corporation, the BBC is also said to be guilty of a “double standard in how civilians are seen”, given that it is “unflinching” in its reporting of alleged Russian war crimes in Ukraine. Fearing reprisal, the journalists requested anonymity. The group does not plan to send the letter to BBC executives, believing such a move was unlikely to lead to meaningful discussions. They sent Al Jazeera the letter as a humanitarian disaster in Gaza escalates, and as grim milestones are reached at pace.

At the time of writing, more than 14,500 Palestinians have been reported as killed by Israeli bombardment, including at least 6,000 children. “The BBC has failed to accurately tell this story – through omission and lack of critical engagement with Israel’s claims – and it has therefore failed to help the public engage with and understand the human rights abuses unfolding in Gaza,” the letter reads. “Thousands of Palestinians have been killed since October 7. When will the number be high enough for our editorial stance to change?” Israel declared war against Hamas after the Palestinian group, which governs the densely populated enclave, attacked southern Israel on October 7, killing about 1,200 Israelis and taking more than 200 hostage. Rights groups and hundreds of thousands of protesters worldwide, outraged by the soaring Palestinian death toll in Gaza, have called for a ceasefire.

The war has also divided newsrooms globally, with disagreements over how each side is being portrayed, the allegedly unequal level of empathy shown to Israeli and Palestinian victims, and the use of language. The BBC journalists said that across British Broadcasting Corporation (BBC) platforms, terms like “massacre” and “atrocity”, have been reserved “only for Hamas, framing the group as the only instigator and perpetrator of violence in the region. This is inaccurate but aligns with the BBC’s overall coverage”. The Hamas assault, while “appalling and devastating … does not justify the indiscriminate killing of thousands of Palestinian civilians, and the BBC cannot be seen to support – or fail to interrogate – the logic that it does,” their letter reads.

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“..Nor has the Israeli government investigated her death or told her relatives how she died. This is because Leil was likely not killed by Hamas, but by the Israeli army.”

• Was October 7th a Hamas or Israeli Massacre? (Cradle)

A farewell ceremony was recently held for 12-year-old Liel Hezroni, an Israeli girl from Kibbutz Be’eri who died during the Hamas-led Al-Aqsa Flood military operation on 7 October. There was no traditional burial, just a ceremony, because her body has never been found. Israeli officials initially claimed that the Palestinian resistance killed 1,400 Israelis that day, including 112 in Be’eri. Though Liel died on “Israel’s darkest day,” no government official attended the farewell ceremony to offer condolences to her family. Nor has the Israeli government investigated her death or told her relatives how she died. This is because Leil was likely not killed by Hamas, but by the Israeli army.

Liel died when Israeli military forces fired two tank shells into a home in Be’eri that held 15 Israeli hostages and the 40 Hamas fighters who had taken them captive. Yasmin Porat, 44, is one of two Israelis to have survived the incident. She remained with Liel and other hostages for several hours in the house, guarded, she says, by fighters who treated them “humanely,” and whose “objective was to kidnap us to Gaza. Not to murder us.” Porat’s bombshell revelation was that when Israeli forces arrived, “they eliminated everyone, including the hostages,” the mother of three told Kan. “There was very, very heavy crossfire.”

An official Israeli police investigation into the Nova music festival attack near the Gaza border adds to the growing claims that the army killed civilians. The initial narrative of a Hamas-led massacre of 260 Israelis is swiftly being debunked as Israeli citizens demand investigations and more information surfaces. According to Haaretz, a police source disclosed that an Israeli combat helicopter, upon arrival, not only targeted Hamas fighters but also fired at Israelis attending the festival. The police report has now adjusted the festival death toll to 364 casualties.

A report from Yedioth Ahronoth on 15 October suggested that Hamas intentionally made it difficult for pilots to distinguish between them and Israelis by dressing in civilian clothing. This, it is argued, made the pilots hesitate to attack targets on the ground at first, but they soon began to fire indiscriminately: “The rate of fire against the thousands of terrorists was tremendous at first, and only at a certain point did the pilots begin to slow down the attacks and carefully select the target.” The willingness of occupation forces to unleash overwhelming firepower in this way helps explain the large death toll on 7 October. It also sheds a light on the stark discrepancy between two narratives – one, of a trigger-happy, murderous Hamas that killed hundreds “indiscriminately,” versus the other picture, Palestinian fighters who treated captives ”humanely.”

Israeli government spokesperson Mark Regev admitted in an interview last week on MSNBC that the initial death count of 1,400 Israelis from the resistance operation was a mistake. The revised count lowered the number to 1,200. We “overestimated, we made a mistake,” Regev said. “There were actually bodies that were so badly burnt we thought they were ours, in the end, apparently, they were Hamas terrorists.” If some 200 Hamas fighters and Palestinians were burned so severely by tank and helicopter fire that they could not be identified, logic dictates that many Israelis met a similar fate. It may also explain why there was nothing left of Liel Herzoni’s body to bury at her farewell ceremony.

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“..President Putin defined sending humanitarian aid to Gaza as a “sacred duty”, which in Russian code includes, crucially, the military spectrum..”

• The Eviction Notice Is Being Written, and Will Come in Four Languages (Escobar)

The Eviction Notice is being written. And it will come in four languages. Russian. Farsi. Mandarin. And last but not least, English. A much-cherished pleasure of professional writing is to always be enriched by informed readers. This “eviction” insight – worth a thousand geopolitical treatises – was offered by one of my sharpest readers commenting on a column. Concisely, what we have here expresses a deeply felt consensus across the spectrum not only in West Asia but also in most latitudes across the Global South/Global Majority. The Unthinkable, in the form of a genocide conducted live, in real time on every smartphone in the third decade of the millennium – which I called the Raging Twenties in a previous book – has acted like a particle accelerator, concentrating hearts and minds. Those that chose to set West Asia on fire are already confronting nasty blowback. And that goes way beyond diplomacy exercised by Global South leaders.

For the first time in ages, via President Xi Jinping, China has been more than explicit geopolitically (a true Sovereign cannot hedge when it comes to genocide). China’s unmistaken position on Palestine goes way beyond the geoeconomics routine of promoting BRI’s trade and transportation corridors. All that while President Putin defined sending humanitarian aid to Gaza as a “sacred duty”, which in Russian code includes, crucially, the military spectrum. For all the maneuvering and occasional posturing, for all practical purposes everyone knows the current UN arrangement is rotten beyond repair, totally impotent when it comes to imposing meaningful peace negotiations, sanctions or investigations of serial war crimes. The new UN in the making is BRICS 11 – actually BRICS 10, considering new Trojan Horse Argentina in practice may be relegated to a marginal role, assuming it joins on January 1st, 2024.

BRICS 10, led by Russia-China, both regulated by a strong moral compass, keep their ear on the ground and listen to the Arab street and the lands of Islam. Especially their people, much more than their elites. This will be an essential element in 2024 during the Russian presidency of BRICS. The current order of business in the New Great Game is to organize the expulsion of the Hegemon from West Asia – as much a technical challenge as a civilizational challenge. As it stands, the Washington-Tel Aviv continuum are already prisoners of their own device. This ain’t no Hotel California; you may not check out any time you like, but you will be forced to leave.

That may happen in a relatively gentle manner – think Kabul as a Saigon remix – or if push comes to shove may involve a naval Apocalypse Now, complete with expensive iron bathtubs turned into sub-ocean coral reefs and the demise of CENTCOM and its AFRICOM projection. The crucial vector all along is how Iran – and Russia – have played, year after year, with infinite patience, the master strategy devised by Gen. Soleimani, whose assassination actually started the Raging Twenties. A de-weaponized Hegemon cannot defeat the “new axis of evil”, Russia-Iran-China, not only in West Asia but also anywhere in Eurasia, Asia-Pacific, and pan-Africa. Direct participation/normalization of the genocide only worked to accelerate the progressive, inevitable exclusion of the Hegemon from most of the Global South.

All that while Russia meticulously crafts the integration of the Black Sea, the Caspian Sea, the Baltic Sea (Finnish hysteria notwithstanding), the Arctic and the Northwestern Pacific Sea and China turbo-charges the integration of the South China Sea. Xi and Putin are gifted players of chess and go – and profit from stellar advisers of the caliber of Patrushev and Wang Yi. China playing geopolitical go is an exercise in non-confrontation: all you need to do is to block your opponent’s ability to move. Chess and go, in a diplomatic tandem, represent a game where you don’t interrupt your opponent when it is repeatedly shooting itself on the knees. As an extra bonus, you get your opponent antagonizing over 90% of the world’s population. All that will lead to the Hegemon’s economy eventually collapsing. And then it can be beaten by default.

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Not new, but first time from Ukraine sources.

“As soon as Russia pulled back its troops from the vicinity of Kiev, as a gesture of good will, Ukraine reneged on the deal, Putin said..”

• Ukraine Conflict Could Have Ended In Spring 2022 – Kiev’s Top MP (RT)

Russia was ready to stop the fighting had Ukraine agreed to remain neutral, but the West advised Kiev to keep going, the head of President Vladimir Zelensky’s parliamentary faction – and the chief negotiator at the peace talks in Istanbul – David Arakhamia admitted on Friday. Arakhamia, who heads the ‘Servant of the People’ parliamentary group, told the TV channel 1+1 that Moscow had offered Kiev a peace deal in March 2022, but the Ukrainian side did not trust Russia. “Russia’s goal was to put pressure on us so that we would take neutrality. This was the main thing for them: They were ready to end the war if we accepted neutrality, like Finland once did. And we would make a commitment that we will not join NATO. This was the main thing,” said Arakhamia.

However, agreeing to neutrality and giving up NATO membership would have required changing the constitution of Ukraine, Arakhamia explained. “Secondly, there was no trust in the Russians that they would do this. This could only be done with security guarantees,” he told 1+1. During the talks, Arakhamia added, British then-PM Boris Johnson arrived in Kiev and told Ukrainian officials to keep fighting and not sign any agreements with Moscow. Johnson’s role in scuttling the peace talks in Istanbul was revealed in May 2022 by the outlet Ukrayinska Pravda. However, neither the British politician – who was ousted as PM in June that year and eventually landed a job at an American think tank – nor the US government ever officially acknowledged pressuring Kiev into reneging on the draft agreement, which Arakhamia himself had signed with the Russians. Kiev had likewise never officially commented on the matter – until now.

Earlier this year, Russian President Vladimir Putin revealed to African leaders that Moscow and Kiev had signed a draft agreement “on permanent neutrality and security guarantees for Ukraine” at the talks hosted by Türkiye. As soon as Russia pulled back its troops from the vicinity of Kiev, as a gesture of good will, Ukraine reneged on the deal, Putin said. The Russian withdrawal was presented by Western governments and media as a Ukrainian military victory and they began sending heavy weapons and equipment to Zelensky’s government, fueling the conflict for the next 18 months.

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“The German-US plan is to supply Kiev with just the kind of weapons and just the right quantity of them to allow the Ukrainian military to hold the current frontline..”

• US, Germany Trying To Nudge Ukraine To Negotiating Table (TASS)

The US and Germany want to push Ukrainian President Vladimir Zelensky toward talks with Russia by providing Ukraine with only just enough weapons to hold the current frontline, the Bild newspaper reported, citing sources in the German government. “The German-US plan is to supply Kiev with just the kind of weapons and just the right quantity of them to allow the Ukrainian military to hold the current frontline, but not retake the conquered territories,” the newspaper reported. “Zelensky must come to the realization that things cannot go on like this on his own, without demands from the outside,” one of the sources told the newspaper. “He must address the nation of his own volition and explain that it is necessary to hold talks.”

The US and Germany want Zelensky to realize that extending the conflict makes no sense for his country. However, neither Chancellor Olaf Scholz nor US President Joe Biden plan to make direct demands that he start negotiations. The US and Germany are the largest suppliers of weapons to Kiev. Bild said the situation at the battlefield is “grim” for Ukraine and that “Russian troops are advancing, albeit slowly.” According to the newspaper, the German government’s main goal now is to help officials in Kiev achieve a “strategically favorable negotiating position.” “The White House and the chancellor’s office are coordinating their actions in this matter,” the sources said.

Bild also reported that Washington and Berlin have a plan B. “What Berlin and Washington want as an alternative to negotiations is a frozen conflict without an agreement between its sides,” one of the sources said. Under that scenario, the current line of engagement will be “a kind of a new border” between Ukraine and Russia. “It would be like Minsk (the Minsk agreements – TASS), but without Minsk,” the source said. The newspaper reported that many German decisions on arms deliveries are now made by Scholz’s office, not by the Defense Ministry headed by Boris Pistorius. According to the report, Pistorius is ready to transfer Taurus cruise missiles to Ukraine, but his “hands are tied.”.

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“The West has been pushing Zelensky to expand the conscription age to men aged 17-70 and mobilize more women..”

• Zelensky Flags New Military Conscription Drive (RT)

Ukraine will announce a new “complex plan” of mobilization next week, President Vladimir Zelensky said on Friday after meeting with the General Staff. While he offered no details, other Kiev officials hinted at the possibility of demobilizing some soldiers that had been fighting since February 2022. Ukraine has been under pressure to make up the losses incurred in the four-month “counteroffensive” on the southern front, which Russia has estimated at over 90,000 men. “As for the issue of mobilization, you know how complex and very relevant it is,” the Ukrainian president said at a press conference on Friday. “Today there was a comprehensive report on what the challenges are, how to resolve the issue, what to do, what legislative changes, who must do this… A comprehensive plan on this issue will be available next week.”

Kiev first announced a mobilization and declared martial law in February 2022, when the conflict with Russia escalated. It has repeatedly widened the conscription net since, to the point where some German researchers warned this week it could jeopardize Ukraine’s economic recovery. Aleksey Danilov, the secretary of Ukraine’s National Security and Defense Council, told Ukrainian radio on Friday that at least some of the men mobilized early on in the conflict with Russia might be released from service “in the near future.” “We all know that we now have a problem with mobilization, one might say, a failure of mobilization,” Roman Kostenko, secretary of the parliamentary committee on Defense, National Security and Intelligence, told Ukraine’s Radio NV on Friday. “After the military commissars were replaced, we experienced a failure in mobilization.”

Zelensky had purged all the regional conscription offices earlier this year, citing widespread corruption. By the end of August 2023, over 20,000 men eligible for the draft had fled Ukraine – and another 21,000 tried to flee but were caught, the BBC reported last week. According to Kostenko, Kiev needs to find a solution quickly or it will face “big problems,” describing mobilization as a bigger challenge than the shortage of artillery ammunition. The West has been pushing Zelensky to expand the conscription age to men aged 17-70 and mobilize more women, Russian intelligence said earlier this week. Kiev has neither confirmed nor denied these claims.

Former Deputy Defense Minister Anna Maliar – whom Zelensky sacked in September – told the outlet Liga on Thursday that Ukrainians “shouldn’t be afraid” of mobilization. Ukraine needs to realize some “unpleasant things,” she said, such as that the Russians “simply physically have more people” while Ukraine has a smaller army that “will not get larger” and fewer weapons. “The time for popular solutions has already passed,” Maliar said. “As an adult society, we just need to understand these things and not expect that there should be good news every day.”

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“Von Der Leyen, who now so absurdly eulogizes Ukraine, was the German minister of Defense during the Maidan coup. Her family’s Nazi past was quite fitting for the role she played in pumping NATO weapons and training to build up Ukrainian paramilitaries..”

• Maidan 10 Years On… (SCF Op-ed)

Ten years on from the Maidan uprising in Kiev, the country of the Ukraine has descended into utter chaos, corruption, fascism, destruction and suffering. And yet the Kiev regime and its Western state supporters have the audacity to call the tragic, bloody morass “a decade of dignity”. European Commission President Ursula Von Der Leyen declared this week: “Ten years of dignity. Ten years of pride. Ten years of striving for freedom. The cold November nights of Euromaidan changed Europe forever. The whole country took to the streets and spoke with one voice… The future for which Maidan fought has finally begun. Glory to Ukraine! Long live Europe!” It is nauseating to hear such bare-faced lies and distortions. “The whole country took the streets”? It was a minority of Nazi ideologues bankrolled by Western powers.

“Speaking with one voice”? The Maidan coup leaders murdered and burned opponents to death as in the Odessa pogrom on May 2, 2014, or in the deadly air strike on unsuspecting Lugansk civilians on June 2, 2014. Bitterly amusing, though, Von Der Leyen inadvertently speaks the truth when she said the Maidan event “changed Europe forever”. It certainly did that, but in an opposite and awful way to her ridiculous, rosy view. As this excellent documentary film makes clear, when the Western transAtlantic powers couldn’t get their way in dragooning Ukraine into joining the EU-NATO axis, the next step was to orchestrate a violent coup d’état in Kiev. This week ten years ago, the elected president of Ukraine Viktor Yanukovych rejected a vigorously promoted “association agreement” with the EU, preferring instead to orient the country towards closer economic integration with Russia and the Eurasian markets.

That decision by the president triggered relatively minor protests in Kiev dubbed the EuroMaidan which began on November 21, 2013. The rapid escalation of violent protests was obviously fomented and mobilized by external forces: the United States, European Union, the CIA and NATO. It was a repeat of the U.S.-sponsored Orange Revolution in Kiev in 2004 which had failed back then to fully decouple Ukraine from historically close relations with Russia. A second time around, however, the color revolution process would be more deadly and determined. Three months after the initial street demonstrations and amid mounting organized deadly subversion, the coup was executed on February 20, 2014. President Yanukovych fled the country.

A NeoNazi regime seized power and immediately transformed Ukraine into a bastion of anti-Russia hate. World War Two Nazi collaborators were venerated and made public heroes. Russian-speaking people were attacked and lynched. This is all documented, albeit censored out of history by the Western media. American and European politicians midwifed the birth of a monster. The objective was always to create a fascist Frankenstein terrorist state that would do the Western imperialists’ dirty work of destabilizing Russia. American imperialist ideologues like Zbigniew Brzezinski had touted and written books about Ukraine as the bridgehead for destabilizing Russia. The roots of such intrigue can be traced back to the early CIA recruitment of Ukrainian Nazis in the aftermath of World War Two to harass the Soviet Union.

Joe Biden, who was then the vice president in the Obama administration (2008-16), was intimately responsible for the transmogrification of Ukraine. Along the way, Biden even got his drug-addict playboy son Hunter a lucrative job as an executive in the country’s largest gas company. Von Der Leyen, who now so absurdly eulogizes Ukraine, was the German minister of Defense during the Maidan coup. Her family’s Nazi past was quite fitting for the role she played in pumping NATO weapons and training to build up Ukrainian paramilitaries for launching terror attacks on the Russian-speaking regions in the weeks, months and years after 2014.

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“Putin speculated that the best option would be to reach agreements before any threat in the field of artificial intelligence might emerge. “Do you know when this will be possible? When everybody feels threatened.”

• Control of AI Can Be Similar To Nuclear Non-Proliferation Rules – Putin (TASS)

Humanity can agree on common principles of controlling artificial intelligence similar to the nuclear non-proliferation rules, Russian President Vladimir Putin told a conference on artificial intelligence. “Humanity has worked out certain rules related to the use of nuclear technologies, including those in the military field: non-proliferation. It formulated the rules for non-proliferation of delivery vehicles and nuclear technologies as such. There are such rules. Humanity has managed to create this. In the field of artificial intelligence, we can achieve common solutions acceptable to all and necessary for all,” Putin said. His point of view was supported by the head of Sberbank German Gref.

“You are absolutely right. It seems to me that it is in the interests of all people, all of humanity, to approach this process with a sense of great responsibility,” Gref said. He is certain that this process should be fully controlled by people. During the discussion Putin speculated that the best option would be to reach agreements before any threat in the field of artificial intelligence might emerge. “Do you know when this will be possible? When everybody feels threatened. When everyone feels threatened by uncontrolled proliferation, by uncontrolled work in this area, then we will immediately see a wish to reach agreements. It would be the best if common awareness of looming threats led to the wish to negotiate,” Putin said.

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He’s an interesting man. I like the video.

• Eliminating Central Bank ‘Non-Negotiable’ – Argentina’s Milei (RT)

Argentina’s incoming president Javier Milei confirmed on Friday that he will keep his promise to shut the nation’s central bank. The statement was posted by his office on X (formerly Twitter). The shutdown was Milei’s signature campaign pledge along with “shock therapy” to fix Argentina’s beleaguered finances that includes dollarizing the economy, privatizing state-owned media outlets and other public companies including energy firm YPF. The statement reportedly came in response to what Milei has called “false rumors” that he had eased off on his plans, with some people claiming he was picking a more moderate Cabinet than expected.

Milei, who will take office on December 10, predicted it would take him “between 18 and 24 months” to decrease inflation, which is nearing 150%. Some economists have raised concerns that Milei’s “shock therapy sets Argentina on a path of deep uncertainty.” Experts suggested that dollarizing the $622 billion economy at a time of depleted international reserves could plunge the South American nation into another spell of hyperinflation.

Milei

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“The guide urges Biden supporters to say that “inflation is the lowest” under POTUS, in response to the claim that “the economy was better under Trump!”

• Netizens Slam Biden’s ‘Thanksgiving Guide for Responding to MAGA Nonsense’ (Sp.)

The Biden campaign has faced strong criticism from internet users for sharing a set of talking points designed to assist supporters of the President in engaging in political discussions during Thanksgiving, covering a wide range of topics including immigration and the economy. The list, titled “Your handy guide for responding to crazy MAGA nonsense this Thanksgiving,” was shared on X and rejected by many users as nothing but propaganda and gaslighting. “You’re literally gaslighting Americans about the economy. So many Americans are struggling to make ends meet due to inflation,” a netizen wrote.

Another user pointed out the irrelevance of releasing similar talking points before Thanksgiving Day on November 23, noting: “Why not just encourage families to focus on each other, the things that unites them, and their thankfulness for health, each other, etc? One of the guide’s talking points was related to inflation in the US. The guide urges Biden supporters to say that “inflation is the lowest” under POTUS, in response to the claim that “the economy was better under Trump!”. In reality, however, inflation has risen to a four-decade high of 9.1% in June 2022 under the 46th U.S. president. Data from the US Bureau of Labor Statistics also shows that about 60% of Americans are still living paycheck to paycheck as inflation eats away at their wages.

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A society commiting suicide.

• The Biden Administration’s EV Goals Are an Expensive Fantasy (RCW)

The Biden administration is pushing for widespread electrification in less than 20 years through government subsidies and coercive regulations as part of its aggressive climate agenda. The truth is that President Joe Biden’s goals are an illusion at the expense of the American people. While EV proponents try to claim that EVs will soon be cheaper than gasoline vehicles, our new research demonstrates that EVs benefitted from hidden subsidies that total nearly $50,000 per EV. Who is footing that bill? Gasoline vehicle owners, taxpayers, and utility ratepayers are. Electric vehicles primarily benefit from regulatory credits and generous fuel economy standards, which average $27,881 per vehicle. EVs have been given an unlawful 6.67 multiplier to their rated fuel economy, so that an EV with a rated fuel economy of 100 miles per gallon is credited as if it is getting 667 miles per gallon.

What’s more, the EPA’s proposed fuel economy standards are designed to require that 67% of new passenger cars sold be all-electric by 2032, demonstrating a clear government preference toward EVs without proper consideration of costs and benefits. For gasoline vehicles, the price you see at the gas pump covers the cost of extracting, refining, and transporting the gasoline, but the same cannot be said for the cost of charging an EV. EVs require new charging infrastructure, and their large power draw increases the strain on electricity infrastructure. As our research highlights, a typical EV charging overnight at home consumes as much power as several homes, and an EV charging at a fast-charging station in 30 minutes consumes as much power as a small to medium-sized grocery store. A few extra EVs in the neighborhoods are manageable, but widespread EV adoption will require significant and expensive grid upgrades.

Adding insult to injury, EV owners alone aren’t shouldering these increased electricity costs, which average $11,833 per vehicle over 10 years. Until a utility starts charging EV owners for the extra infrastructure costs to serve them, those costs are shared among all the utility’s customers. Residential electricity costs across the U.S. have risen 20% over the last three years, and a rapid forced adoption of EVs will only make this problem worse. Direct federal and state subsidies provide EVs with another $8,984 per vehicle over 10 years, including the widely publicized $7,500 federal tax credit in the so-called Inflation Reduction Act and smaller state subsidies for EVs. All these subsidies, of course, are borne by the American taxpayer.

President Biden’s expensive green pipe dream is not without irony. While Biden administration claims that these draconian EV mandates are necessary to combat climate change, the widespread adoption of EVs in the developed world would have negligible effects on global emissions and climate. For starters, if EVs are able to displace all the carbon emissions from U.S. passenger cars, that would only cut out 20% of U.S. carbon emissions. Our calculations show that even if the U.S. eliminated all of its carbon emissions by 2050, the effect on global temperatures in 2100 would only be 0.08 degrees Celsius.

[..] The lifetime emissions of the electric version of the Volvo SUV at the center of the study are only a third less than the emissions of the gasoline version, and that is when it is charged on the carbon-light European grid. Different assumptions could lead to an EV emitting more carbon than its gasoline counterpart. The obvious conclusion is that without rapid reductions in carbon emissions from the electric grid, an equally Herculean task to EV mass adoption, EVs will continue to produce significant carbon emissions. Emissions from gasoline vehicles are projected to decline 20% over the next decade, and hybrids, which nearly double the fuel efficiency of a gasoline vehicle with a battery that is 50-100 times smaller than an EV battery, would actually produce the least amount of lifetime emissions. But the net-zero advocates are needlessly demanding all EVs—or nothing.

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“India’s EVs depend on just the 8,738 Public Charging Stations (PCS) that are operational as of June 2023 [..] The number of PCS needs to increase to a minimum of 1.32 million..”:

• How Electric Vehicles Harm The Environment They’re Supposed To Save (RT)

Five Indian cities, including the capital, New Delhi, consistently rank in the world’s top ten worst air-polluted cities. Vehicular emissions are significant contributors; Delhi alone has around four million cars – no wonder the government of India is promoting electric vehicles (EVs) on a large scale. While India’s target is a 30% market share of EVs by 2030, the share is currently only 1.1%. Moreover, concerns exist about whether EVs are a green option if pollution is transferred from the cities to the countryside. Around 27.4 million EVs were running on Indian roads as of July 2023, according to the ‘Vahan4’ portal of the Ministry of Road, Transport, and Highways. To achieve its goal of net zero by 2070 to cut down greenhouse gas (GHG) emissions, India is expanding its EV market.

The hope in New Delhi, for example, is that a rise in the number of green-number plate vehicles will herald a day when its air will become breathable again. However, India’s EVs depend on just the 8,738 Public Charging Stations (PCS) that are operational as of June 2023, as per the Bureau of Energy Efficiency (BEE), Ministry of Power data. The number of PCS needs to increase to a minimum of 1.32 million, states the Confederation of Indian Industry (CII) on ‘Charging Infrastructure for Electric Vehicles,’ to support the 30% market share target. But will EVs really be emission-free? For an EV to achieve maximum environmental benefit, the electricity used for charging must be generated from green or renewable sources. However, much of India’s electricity is still dependent on coal-based thermal power plants, and the government is on a spree to auction more mines and make non-operational mines functional again.

India’s total thermal installed capacity is 238.1 Gigawatts, and over 48.67% of thermal power (around 116 GW) is obtained from coal, and electricity demand is increasing by 4.7% annually. As per the National Electricity Plan (2022-32), the projected peak electricity demand for 2026-27 will be 277.2 GW, and for 2031-32, it will be 366.4 GW. Despite efforts to generate electricity from renewable sources, according to NEP 2022-23, much of India’s electricity will still be derived from thermal plants running on coal by the early 2030s. The share of coal-based capacity in the total installed capacity for the year 2026-27 is likely to be 38.57% and 28.83% for the year 2031-32, which will be around 107 GW and 106 GW respectively, by 2026-27 and 2031-32 – little difference from the present scenario.

Read more …

 

 


Dr. Gabor Maté and Dr. Tarek Loubani, a doctor who treats patients in Gaza and runs the Glia Project which seeks to provide medical supplies to impoverished locations, break down Israel’s systematic destruction of medical practice in Gaza. Loubani recounts his own experiences to portray a horrendous site in which children are forced to undergo surgery using “prehistoric” medicines without anesthesia, and innocent civilians are left for dead due to Israel’s blockading of crucial medial supplies. Maté describes these horrors through the lens of trauma, and gives insight as to how war psychologically destroys all its victims.

 

 

 

 

 

 

Penguin

 

 

Raccoon

 

 

 

 

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

 

 

 

 

 

Debt Rattle April 13 2023

Apr 132023
 
 April 13, 2023  Posted by at 8:25 am Finance Tagged with: , , , , , , , , ,  64 Responses »


John William Godward Dolce Far Niente (Sweet Idleness, or A Pompeian Fishpond) 1904

 

• Waiting For The End of The World (Pepe Escobar)
• Zelensky, Team Stole At Least $400 Million Of Western Aid – Seymour Hersh (RT)
• US Admin Losing Trust Among Its Intelligence Community – Seymour Hersh (TASS)
• Musk Calls Out BBC Reporter Over ‘Lies’ (RT)
• Six Things We Learned From Elon Musk Interview (BBC)
• Ukrainian Counteroffensive Could Be Postponed – PM (RT)
• US Planning For ‘Wild Card’ Scenarios In Ukraine – NYT (RT)
• Xi Warns Armed Forces To Prepare For ‘Actual Combat’ – Chinese Media (RT)
• Putin Warrant Could Derail BRICS Summit – South Africa (RT)
• Joe Biden Boosted Ukraine Gas Industry As Hunter Took Burisma Role (NYP)
• Trump Files $500 Million Lawsuit vs Michael Cohen (RT)
• Ten Men, $1 Trillion, and the Personalization of American Capitalism (Schultz)
• The Retreat From the Enlightenment Can be Stopped (BI)
• The COVID Vaccines Were Never Tested for Safety (Kirsch)
• Doctors Received Millions in Bonuses for Vaccinating Medicaid Patients (CHD)
• US Government Borrows $6 Billion a Day (Whitehead)

 

 

Polish PM Morawiecki visited the White House

 

 


According to Russia, the Ukrainian biolabs were/are testing 200+ deadly pathogens

 

 

Ritter Geneva

 

 

 

 

Agenda21
https://twitter.com/i/status/1645581639119151105

 

 

Candace
https://twitter.com/i/status/1645870936959389700

 

 

Trump Tucker

 

 

Surovikin : I don’t want to sacrifice any more Russian soldiers in a guerrilla war against hordes of fanatics armed by NATO. We have enough forces & technical means to bring Ukraine to complete surrender”

 

 

 

 

“Xi and Putin, with one Sun Tzu move, immobilized Orientalism, Eurocentrism, Exceptionalism and, last but not least, Neo-Colonialism..”

• Waiting For The End of The World (Pepe Escobar)

We cannot even begin to fathom the non-stop ripple effects deriving from the 2023 geopolitical earthquake that shook the world: Putin and Xi, in Moscow, de facto signaling the beginning of the end of Pax Americana. This has been the ultimate anathema for rarified Anglo-American hegemonic elites for over a century: a signed, sealed, comprehensive strategic partnership of two peer competitors, intertwining a massive manufacturing base and pre-eminence in supply of natural resources – with value-added Russian state of the art weaponry and diplomatic nous. From the point of view of these elites, whose Plan A was always a debased version of the Roman Empire’s Divide and Rule, this was never supposed to happen. In fact, blinded by hubris, they never saw it coming.

Historically, this does not even qualify as a remix of the Tournament of Shadows; it’s more like Tawdry Empire Left in the Shade, “foaming at the mouth” (copyright Maria Zakharova). Xi and Putin, with one Sun Tzu move, immobilized Orientalism, Eurocentrism, Exceptionalism and, last but not least, Neo-Colonialism. No wonder the Global South was riveted by what developed in Moscow. Adding insult to injury, we have China, the world’s largest economy by far when measured by purchasing power parity (PPP), as well as the largest exporter. And we have Russia, an economy that by PPP is equivalent or even larger than Germany’s – with the added advantages of being the world’s largest energy exporter and not forced to de-industrialize. Together, in synch, they are focused on creating the necessary conditions to bypass the US dollar.

Cue to one of President Putin’s crucial one-liners: “We are in favor of using the Chinese yuan for settlements between Russia and the countries of Asia, Africa and Latin America.” A key consequence of this geopolitical and geoeconomic alliance, carefully designed throughout the past few years, is already in play: the emergence of a possible triad in terms of global trade relations and, in many aspects, a Global Trade War. Eurasia is being led – and largely organized – by the Russia-China partnership. China will also play a key role across the Global South, but India may also become quite influential, agglutinating what would be a Non-Aligned Movement (NAM) on steroids. And then there is the former “indispensable nation” ruling over the EU vassals and the Anglosphere rounded up in the Five Eyes.

The Hegemon, under its self-concocted “rules-based international order”, essentially never did diplomacy. Divide and Rule, by definition, precludes diplomacy. Now their version of “diplomacy” has degenerated even further into crude insults by an array of US, EU and UK’s intellectually challenged and frankly moronic functionaries. It’s no wonder that a true gentleman, Foreign Minister Sergey Lavrov, has been forced to admit, “Russia is no longer a partner of the EU… The European Union ‘lost’ Russia. But the Union itself is to blame. After all, EU member states… openly declare that Russia should be dealt a strategic defeat. That is why we consider the EU to be an enemy organization.” And yet the new Russian foreign policy concept, announced by Putin on March 31st, makes it quite clear: Russia does not consider itself an “enemy of the West” and does not seek isolation.

Read more …

“..Zelensky “was taking a larger share of the skim money than was going to the generals..”

• Zelensky, Team Stole At Least $400 Million Of Western Aid – Seymour Hersh (RT)

Ukrainian President Vladimir Zelensky and his senior officials are skimming American taxpayer dollars by the hundreds of millions, investigative journalist Seymour Hersh claimed on Wednesday. The alleged grift even includes schemes involving trade with Russia itself. Zelensky and his entourage embezzled at least $400 million from US funds meant for diesel procurement last year, Hersh claimed in a new article on Substack, citing a CIA estimate. Meanwhile, Kiev has allegedly been buying diesel fuel, which is essential for the war effort, from Russia itself – and in the process skimming large sums of US funds earmarked for diesel payments. Reports had earlier surfaced about how oil products originating in Russia had made their way to Ukraine through Bulgaria and Latvia. The scheme involving the Baltic state, which was reported in detail by the Latvian television program Neka Personiga, may have violated the EU’s anti-Russian sanctions.

An expert cited by Hersh compared the level of corruption in Ukrainian procurement to what was seen in Afghanistan, when a US-backed government was in charge in Kabul. According to his sources, ministries in Kiev compete to set up front firms in order to export weapons and ammunition, with the relevant officials profiting from kickbacks. The US government , meanwhile, has stated that it has seen no evidence of Western-supplied weapons in Ukraine being diverted elsewhere. Hersh cited an intelligence source who referred to the January meeting between Zelensky and CIA Director William Burns. The US official allegedly presented a list of 35 generals and ministers known to the CIA to be corrupt. Senior Ukrainian officials also complained that Zelensky “was taking a larger share of the skim money than was going to the generals,” the source explained, comparing the meeting to a scene from a 1950s mob movie.

Hersh contends that the Ukrainian leader’s response was to fire staff from the Cabinet of Ministers, regional administrations, and other parts of the Ukrainian government. Kiev claimed the move was part of its anti-corruption strategy. Defense Minister Aleksey Reznikov, who became mired in a scandal over purchases of overpriced food for troops, was widely expected to be sacked at the time, but he survived the purge. Hersh’s sources blamed Secretary of State Antony Blinken and National Security Adviser Jake Sullivan for the ongoing crisis in the US government, which allegedly suffers from discord between the White House and intelligence community. The two top foreign policy officials have shown “strident ideology and lack of political skill” over the Ukraine conflict, according to the sources.

Read more …

“..depicting Blinken “as little more than a ‘jumped-up congressional staffer’ and Sullivan as ‘a political campaign manager’.”

• US Admin Losing Trust Among Its Intelligence Community – Seymour Hersh (TASS)

The indecisiveness and indifference of US President Joe Biden’s administration on a number of issues is leading to a breakdown in trust between the White House and some arms of the intelligence community, US investigative journalist and Pulitzer Prize winner Seymour Hersh said in an article posted on the Substack subscription network on Wednesday. A lack of leadership is “leading to a ‘total breakdown’ of trust between the White House and some elements of the intelligence community,” he wrote.


Among other things, the work of US Secretary of State Antony Blinken and National Security Adviser Jake Sullivan is a source of dissatisfaction for the intelligence community, since “the president and his two main foreign policy advisers ‘live in different worlds’ than the experienced diplomats and military and intelligence officers assigned to the White House,” he wrote. Hersh quoted “a prominent retired American diplomat who strenuously opposes Biden’s foreign policy toward China and Russia” as depicting Blinken “as little more than a ‘jumped-up congressional staffer’ and Sullivan as ‘a political campaign manager’.” The diplomat qualified them as ‘decent pols’ who “suddenly find themselves front and center in the world of high-powered diplomacy ‘with no empathy for the opposition’,” Hersh said.

Read more …

Apart perhaps from global political leaders, Musk is one of the most interesting people for a news outlet to interview. The BBC gets the chance, and what do they do? They send in amateur hour.

BBC: “Hate speech has risen on twitter. I’ve seen it personally” @elonmusk “Can you name an example”. BBC reporter: “No, because I don’t use that feed after you took it over..

• Musk Calls Out BBC Reporter Over ‘Lies’ (RT)

Elon Musk has accused a BBC reporter of lying about hate speech on Twitter. An audio excerpt from a Twitter Spaces discussion showed US-based tech journalist James Clayton struggling to justify his own questions on the alleged rise of offensive content on the social media platform. At one point in the interview, Clayton asked Musk to respond to claims that hate speech had become more prevalent on Twitter, and that there was not enough moderation staff after Musk admitted to laying off over 80% of the company’s workforce since his takeover last October. After Musk asked the reporter to clarify the allegations, Clayton claimed that he had personally seen more “hateful content” in his ‘For You’ feed since the billionaire took over the company.

Musk BBC

The Twitter CEO then asked the journalist to define what he meant by “hateful content” and to provide at least one example of an offensive post he had seen. Clayton replied that he views “hateful content” as “slightly racist” and “slightly sexist,” but struggled to provide any examples, admitting that hadn’t actually used the feed for several weeks. “Then, I say, sir, that you don’t know what you’re talking about,” Musk interjected. You can’t provide a single example of hateful content, not even one Tweet. And yet, you claimed that hateful content was high. That is false. You just lied. The BBC reporter insisted that there are “many organizations” that have noted a rise in offensive content on the platform. Musk dismissed that notion, stating that “people say all sorts of nonsense,” which prompted Clayton to move on to the next topic.


The journalist then asked Musk about Twitter changing its Covid misinformation rules. The billionaire replied that “Covid is no longer an issue” and argued that the BBC itself could be accused of spreading misinformation about the virus and failing to report on the side-effects of vaccinations. “And what about the fact that the BBC was put under pressure by the British government to change their editorial policy?” Musk asked. Clayton deflected by saying the interview “wasn’t about the BBC.” The British broadcaster later aired parts of the interview and simply ran with the headline: “Elon Musk speaks to the BBC.” Despite his criticism of the broadcaster, Musk said during the interview that Twitter will change the BBC’s recently added “government-funded organization” label on the social media platform to say that it is “publicly-funded” instead.

Read more …

And no, BBC, you can’t make up for that interview disaster.

• Six Things We Learned From Elon Musk Interview (BBC)

1. He denies hate speech on Twitter has spiked. Mr Musk refused to accept there was more hateful content on the platform since he took over. Speaking to the BBC earlier this year, some Twitter insiders have argued that the company is no longer able to protect users from trolling, state-coordinated disinformation and child sexual exploitation, following lay-offs and changes under owner Mr Musk. In March, Twitter said it removed 400,000 accounts in one month alone to help “make Twitter safer”. In order to assess Mr Musk’s claims fully you’d need two things which we don’t have at present – access to Twitter’s data before and after his takeover and, crucially, a clear understanding of how he defines misinformation and hate speech. There is no blanket definition of hate speech under American law, which is generally much more permissive than other countries because of the first amendment to the US Constitution.

[..] 3. He says Twitter is beating the bots in war on disinfo. Mr Musk claimed his efforts to delete bots – automated accounts – had decreased misinformation on Twitter after his takeover. “My experience is there is less misinformation rather than more,” he told our reporter. Some outside experts disagree. A study from Newsguard which tracks online misinformation – and there are quite a few other studies along the same lines – found that engagement with popular, misinformation-spreading accounts spiked after Mr Musk’s takeover. In the week following his acquisition of Twitter, the most popular, untrustworthy accounts enjoyed an almost 60% increase in engagement in the form of likes and retweets, according to the survey. The BBC has also independently analysed more than 1,000 previously-banned accounts that had been let back on Twitter after Mr Musk’s takeover, and found that since being reinstated, over a third of them had spread abuse or misinformation. This included false anti-vax claims, misogyny and anti-LGBT rhetoric, and the denial of the 2020 US election result.

4. He’s against banning TikTok. Mr Musk says he doesn’t use the most downloaded app in the US but he is against any moves to close it down. The US is considering a ban due to security concerns over TikTok’s Chinese ownership. Some other countries have banned it from the phones of government employees. “I’m generally against banning things,” said Mr Musk, although he says a ban would benefit Twitter because it may mean more people spending time on his platform.

5. He would turn down $44bn for Twitter. Mr Musk initially claimed in the interview that if someone offered to buy Twitter right now for what he paid for it, he’d refuse. If he did sell, he said it would be more important to find a buyer who cherishes the “truth” rather than how much they’d pay because, as he says: “I don’t care about the money.” But is that true? Remember, he desperately tried to back out of the deal. Mr Musk said Twitter had just months left to live when he took over and was being run like a non-profit. Twitter’s costs were outstripping the amount of revenue it was generating. In its last full-year results published before Mr Musk took over, total sales hit $5bn in 2021 but costs and expenses reached $5.5bn. In fact, it has only had two profitable years since 2012. He reckons Twitter is now close to breaking even. No wonder – sacking 6,500 workers does tend to lighten one’s costs.

But he has also been proactive in finding ways to boost sales through things such as changing Twitter users for “blue tick” verification. So yes, Twitter might be nearing breaking even now because of drastic cost-cutting. But the question is whether it can sustain that path to profitability and make the company worth that $44bn price tag.

https://twitter.com/i/status/1646152389122981888

Read more …

“..Kiev faced significant “force generation and sustainment shortfalls.”

• Ukrainian Counteroffensive Could Be Postponed – PM (RT)

The much-touted Ukrainian counteroffensive may not get underway until this summer, the country’s prime minister has told The Hill. Denis Shmigal also called on Kiev’s Western backers to provide it with more weapons, including fighter jets, to ensure that Ukraine prevails on the battlefield. In an interview published by the US outlet on Tuesday, Shmigal claimed that Ukraine does not “feel the pressure from our friends and partners vis-a-vis the start of the offensive.” Instead, he argued it is the Ukrainian public that is demanding decisive action soon. The senior official noted that there is consensus among Kiev’s backers that it needs to be “100%, and even more percent prepared” before launching its push.

“To be prepared for [a] counteroffensive, we need more artillery, ammunition. We need more middle, or average and long-range missiles, we need tanks and we will need fighter jets,” Shmigal asserted. While expressing gratitude for the defense aid already provided by the US, the premier did criticize Washington for its reluctance to consider Ukraine’s accession to NATO in the foreseeable future. The Washington Post reported on Tuesday, citing alleged leaked Pentagon documents, that US intelligence had been skeptical in February as to whether Ukraine would be able to make significant territorial gains with a counteroffensive. According to a supposedly classified document, Kiev faced significant “force generation and sustainment shortfalls.”

A separate part of the leaked trove suggested that five out of the 12 “combat credible” new brigades expected to spearhead the counteroffensive had yet to start training at that point. Half of those fresh brigades badly lacked the necessary equipment as of late February, the paper claimed, citing supposed analysis by the US military. The Pentagon is also said to have raised the alarm over the depletion of Kiev’s air defenses – another factor that could prevent the anticipated counteroffensive from being a success, the Post reported. While some of the documents from the trove appear to have been doctored, US defense officials have acknowledged that at least some of the information could be “sensitive and highly-classified material.” An investigation has been launched to establish the source of the leak.

Ritter Wagner

Read more …

“The four outcomes considered by the DIA are the deaths of either Ukrainian President Vladimir Zelensky or Russian President Vladimir Putin, the removal of leadership within the Russian Armed Forces, or a Ukrainian strike on the Kremlin.”

• US Planning For ‘Wild Card’ Scenarios In Ukraine – NYT (RT)

The Pentagon has gamed out four “wild card” scenarios that could affect the conflict in Ukraine, including the sudden deaths of the presidents of Russia or Ukraine, the New York Times reported on Tuesday, citing a leaked document. According to the NYT, the document was compiled by the Defense Intelligence Agency (DIA) in February and published on social media in recent weeks, along with a trove of other classified files, most relating to the US’ involvement in the Ukraine conflict. The four outcomes considered by the DIA are the deaths of either Ukrainian President Vladimir Zelensky or Russian President Vladimir Putin, the removal of leadership within the Russian Armed Forces, or a Ukrainian strike on the Kremlin. The DIA reportedly believes that a Ukrainian strike on the Kremlin could lead to “a full-scale military mobilization” in Russia or a threat by Putin to use tactical nuclear weapons.

Alternately, the American planners think that such a brazen escalation by Kiev could force Putin “to negotiate a settlement to the war.” The NYT did not elaborate on which outcome the Pentagon views as most realistic, or on the likelihood – in Washington’s eyes – of a Ukrainian strike on Moscow. The newspaper also declined to spell out the consequences of Zelensky or Putin’s deaths, or a leadership rotation within the Russian military. Original copies of the document appear to have been scrubbed from the Discord server where they were initially posted, leaving this article the only immediately-available source. US officials did not confirm whether the document was genuine, but did not dispute its authenticity, the NYT noted. The Pentagon has taken a similar stance on all of the recent Ukraine-related leaks, acknowledging that some of the material is “similar in format” to its intelligence briefings, without issuing a direct confirmation.

Other files in the leak detail the US’ war plans and the number of NATO special forces on the ground in Ukraine, Kiev’s rapidly deteriorating ammunition situation and military readiness, and other “sensitive” material related to Ukraine, China, the Middle East, and terrorism. Moscow is considering the possibility that the documents could be forgeries, disseminated to the media in order to lull the Kremlin into a false sense of security about Ukraine’s military capabilities. “Because the US is a party in the conflict [in Ukraine] and is essentially waging a hybrid war against us, such tricks to deceive the enemy, meaning Russia, are possible,” Deputy Foreign Minister Sergey Ryabkov told reporters on Wednesday.

Read more …

“Formally, Washington still professes to adhere to the ‘One-China’ principle.”

• Xi Warns Armed Forces To Prepare For ‘Actual Combat’ – Chinese Media (RT)

President Xi Jinping has urged the Chinese military to prepare for real combat, national media reported on Wednesday. The remarks came days after Beijing held massive military drills around Taiwan which reportedly involved the simulation of precision strikes on the self-governing island. Addressing military personnel at a navy base in Southern China on Tuesday, Xi called for the strengthening of “military training oriented toward actual combat,” as quoted by the state-run CCTV channel. The Chinese leader is reported to have named the defense of Beijing’s “territorial sovereignty and maritime interests” as well as the protection of “overall peripheral stability” as the navy’s core mission. On Saturday, China launched three-day military exercises codenamed ‘United Sharp Sword’ in the vicinity of Taiwan.

According to Taipei’s military, it detected nine warships and some 71 warplanes in the area the following day. Senior Colonel Shi Yi, spokesman for the Chinese People’s Liberation Army (PLA) Eastern Theater Command, described the vessels and aircraft as “encircling” the island. He clarified that the drills were meant as a warning “against the collusion between separatist forces seeking ‘Taiwan independence’ and external forces, and against their provocative activities.” The military maneuvers came on the back of a visit by Taiwanese President Tsai Ing-wen to the US last week, when she met with House Speaker Kevin McCarthy. The meeting was the second time Tsai had sat down with a US House speaker in less than a year. A visit by McCarthy’s predecessor, Nancy Pelosi, to Taiwan in August infuriated Beijing, which responded with its largest-ever drills in the Taiwan Strait.

Taiwan has been de facto independent since 1949, when the losing side in the Chinese civil war fled to the island and established its own administration. While only a handful of nations have recognized Taiwan as a sovereign state, the US has long maintained close, unofficial ties with Taipei, both militarily and economically. Formally, Washington still professes to adhere to the ‘One-China’ principle. Beijing considers the island to be an inalienable part of its territory that has been seized by separatists, and accuses the US of meddling in its domestic affairs and encouraging “secessionist” politicians. While the Chinese leadership says it prioritizes a peaceful ‘reunification’, it has not ruled out military options.

Maersheimer

Read more …

“..South African officials applied to withdraw from the court, a decision that was later reversed after a High Court ruling determined that such a move was unconstitutional..”

• Putin Warrant Could Derail BRICS Summit – South Africa (RT)

The International Criminal Court’s (ICC) warrant for the arrest of Russian President Vladimir Putin has thrown a “spanner in the works” of an upcoming BRICS summit in South Africa in August, a spokesman for South African President Cyril Ramaphosa said on Wednesday. As a signatory to the 2002 Rome Statute, South Africa is obliged to enforce the ICC’s warrant for Putin’s arrest. However, the country is also hosting this year’s BRICS summit, at which the leaders of the world’s largest emerging economies – Brazil, Russia, India, China and South Africa – are due to meet. “All heads of state would be expected to attend the summit. But now we have a spanner in the works in the form of this ICC warrant,” Ramaphosa’s spokesman, Vincent Magwenya, told reporters.

“What that dictates is that there be further engagements in terms of how that is going to be managed, and those engagements are underway,” Magwenya continued. “Once they’ve been concluded, the necessary announcements will be made.” Ramaphosa’s government has been aware of the dilemma surrounding the warrant since its issue, with Magwenya last month declining to say whether Pretoria would enforce it. Ramaphosa announced on Tuesday that he would dispatch an envoy to Washington to clarify his “non-aligned” stance on the Ukraine conflict. South Africa and Russia have been close partners since the Soviet Union backed the anti-apartheid African National Congress, which today is led by Ramaphosa. Under his leadership, South Africa has refused to condemn Russia’s military operation in Ukraine or impose sanctions on Moscow, while the country’s military took part in joint exercises with Russian and Chinese forces earlier this year.

Pretoria has its own issues with the ICC, and was chastised by the court in 2017 for failing to arrest former Sudanese President Omar al-Bashir when he visited the country in 2015 for an African leaders’ summit. Following the incident, South African officials applied to withdraw from the court, a decision that was later reversed after a High Court ruling determined that such a move was unconstitutional. In issuing the warrant, the court accused Putin and Russian Children’s Rights Commissioner Maria Lvova-Belova of the “unlawful deportation” of children from “occupied areas of Ukraine.” The charges refer to Russia’s efforts to evacuate civilians away from areas – mostly in the predominantly Russian-speaking region of Donbass – shelled by the Ukrainian military. Russia – which like the US, China, and India, does not recognize the court’s authority – has dismissed the warrant as “null and void from the legal standpoint.”

Read more …

Looking at Biden and Trump, it’s clear there’s no such thing as equal justice in the US. That is a threat.

• Joe Biden Boosted Ukraine Gas Industry As Hunter Took Burisma Role (NYP)

Then-Vice President Joe Biden visited Ukraine on a mission to bolster the country’s energy industry days after his son Hunter joined the board of natural gas company Burisma in 2014 — which a former White House stenographer claims implicates the now-80-year-old in a foreign influence-peddling “kickback scheme.” Mike McCormick says he was with current national security adviser Jake Sullivan — then a Biden aide — in the press cabin of Air Force Two en route to Kyiv on April 21, 2014, as he outlined how the world’s wealthiest country would help the deeply corrupt post-Soviet state build its gas industry. Giving a rundown of Biden’s priorities for the trip, Sullivan — described as a “senior administration official” — said the then-vice president would “discuss with [Ukrainian officials] medium- and long-term strategies to boost conventional gas production, and also to begin to take advantage of the unconventional gas reserves that are in Ukraine.”

Asked for details, the Biden aide said the US was interested in providing “technical assistance to help [Ukraine] be able to boost production in their conventional gas fields, where presently they aren’t getting the maximum of what they could be” while offering “technical assistance relating to a regulatory framework, and also the technology that would be required to extract unconventional gas resources; and Ukraine has meaningful reserves of unconventional gas according to the latest estimates.” In December of that year, amid broader Obama administration support for Ukraine, Congress approved $50 million to support the country’s energy sector, including the natural gas industry. McCormick, who worked more than a decade at the White House, told The Post this week he believes the timeline of events demonstrates Joe Biden was using his position to help his son’s foreign business interests.

“Joe Biden was over there telling them, ‘You can’t be corrupt! You can’t be corrupt!’ while he was corrupt,” McCormick says. “Look, this is Air Force Two. This is Joe Biden’s plane. He’s in control of it. Jake Sullivan was in the front of the plane with Joe Biden in a meeting and then he walks back in the plane to talk to the press.” Now, McCormick tells The Post that he wants to testify before the federal grand jury in Delaware considering charges against Hunter — saying he has relevant information that the FBI ignored. “They’ve been looking at Hunter Biden, but this ties Joe Biden and [Sullivan] into promoting a kickback scheme with Ukraine,” he said. “It’s the timeline that does it.”

Read more …

“..the former president and “those in his orbit” should be held accountable “because it saves and it preserves democracy.”

• Trump Files $500 Million Lawsuit vs Michael Cohen (RT)

Former US President Donald Trump has sued Michael Cohen for more than $500 million in damages, saying his former lawyer damaged his reputation by spreading falsehoods about him and releasing confidential information that he was contractually and legally required to keep secret. The lawsuit, which was filed on Wednesday in US District Court in Miami, accuses Cohen of violating attorney-client privilege and breaching a confidentiality agreement “with malicious intent and to wholly self-serving ends.” The filing comes one week after Trump was arrested on a 34-count criminal indictment in New York City, where Cohen is expected to serve as a key witness to allegations that his then-boss falsified business records to cover up violations of election laws during his successful 2016 presidential campaign.

Cohen began breaching his fiduciary duty as Trump’s lawyer and violating his confidentiality agreement around 2018, when he was facing federal charges for tax evasion, fraud and campaign finance violations, the lawsuit claimed. The most “egregious” breaches occurred in Cohen’s two books and his podcast, the filing said. He also made multiple media appearances, accusing Trump of being racist and suggesting that he might turn over state secrets to America’s enemies to ward off prosecution. The lawsuit claimed Cohen used insider information about Trump and “numerous inflammatory and false statements” to unjustly enrich himself. He also allegedly overstated his expenses as a Trump employee, claiming $74,000 in fictitious costs.

A $130,000 hush-money payment that Cohen allegedly made to porn star Stormy Daniels on behalf of Trump is at the center of the New York criminal case against the former president. Prosecutors claim that Trump falsely reported the cost as a legal expense. Trump’s lawsuit alleged that Cohen decided on his own to pay off Daniels to keep silent about her claims of an affair with the billionaire real state mogul. Trump said he relied on Cohen’s legal advice and acted out of a desire to protect his family from “malicious and false claims” by Daniels. Cohen told CBS News earlier this month that the indictment against Trump is about accountability. “I should not be held accountable for Donald Trump’s dirty deeds,” he said. He added that the former president and “those in his orbit” should be held accountable “because it saves and it preserves democracy.”

Read more …

“.. it has fallen to become one of the least equal among any countries in the world that likes to consider themselves democracies.”

• Ten Men, $1 Trillion, and the Personalization of American Capitalism (Schultz)

Capitalism has always been about the accumulation and the concentration of wealth. Marx and Engels first described that phenomena in their 1848 Communist Manifesto. Thomas Piketty has also reminded us of that. But what they never focused on was the personalization of wealth in capitalism and what that means for society. The latest rankings of the richest individuals in America reminds us of the persistence and personalization of wealth. Forbes just released its ranking of the richest individuals in the world. Topping the list is Frenchman Bernard Arnault of LVHM, the fashion and cosmetics empire, with a net wealth of $211 billion. Yet if we focus simply the ten wealthiest in the world, seven of them are located in the US, with a combined wealth of $786 billion. The ten richest Americans, including the likes of Elon Musk, Jeff Bezos, Larry Ellison, and Michael Bloomberg, total $1 trillion dollars.

And this list does not even include the Waltons who own the Walmart empire or the Koch family. Of the twenty-five richest individuals in the world seventeen are American. For some this is God Bless America! It is the story of the American dream where any of us can become billionaires, or if all else fails, at least millionaires. Yes while the US has the greatest number of billionaires in the world and perhaps the greatest density of billionaires per capita, it’s Gini coefficient, which measures economic inequality on a scale of 0 (totally equality) to 100 (extreme inequality), has fallen from 0.39 in 1970 to 0.43 in 1990 to 0.49 in 2022. While the US was never an economically egalitarian nation, at least in recent history, it has fallen to become one of the least equal among any countries in the world that likes to consider themselves democracies.

Combine this with the decline in social mobility in the US that is getting progressively worse by generation, and it is hard to conclude that the American Dream does exist except for a few. Capitalism has always been personalized, especially in the US. It was once the story of the Vanderbilts, Duponts, Carnegies, and the Rockefellers who made money in railroads, finance, or oil. They made billions at the expense of the workers whom they exploit, and then we lionize the latter as heroes and beg for their money when they created charitable trusts or foundations. We view them as benevolent and generous, forgetting how they made their money. They were literally the faces of nineteenth and twentieth century American capitalism. Today’s personification is Silicon Valley, social media, and tech. In addition to Musk, Bezos, Ellison, and Bloomberg, it is also Bill Gates, Mark Zuckerburg, Larry Page, and Steve Ballmer. It is still an American plutocracy, except the nature of the capitalist wealth and their faces have changed.

But we should not forget the other faces of American capitalism These are the faces that John Steinbeck talked of in his Grapes of Wrath to Michael Harington’s The Other America to Barbara Ehrenreich’s Nickel and Dimed to apropos Faces of Povertythe documentary. We have nearly thirty-eight million people officially in poverty, each a story of how the American dream is merely a dream for them. It is no coincidence that there is a connection between poverty and billionaires. The more that a fewer and fewer number of individuals are rich the greater the number of individuals who will be poor. Compare the $1 trillion in wealth for ten Americans to the fact that the bottom fifty percent of Americans—roughly 165 million individuals—have a combined wealth of $4.1 trillion. If your net worth is between $43,760 and $201,800, you are in the middle class. Once you get below the middle class, there is no net worth—individuals are in the hole and owe more than they own.

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Enlightenment vs globalism.

• The Retreat From the Enlightenment Can be Stopped (BI)

The war that the Enlightenment is now having to fight to defend itself against the globalists seems like a David and Goliath match-up. Western state bureaucracies and the big companies that have infiltrated them are encircling their populations with propaganda, digital money, travel passes, renewed and more abhorrent sin stories and deepening poverty for the many, while ‘the bosses’ get richer. Mainstream media colludes by vomiting out a steady stream of exaggerated emergencies, ranging from climate change to Chinese hegemony to nitrogen pollution, to keep the population distracted, fearful, and docile. Our health systems push anxiety and big companies’ specious products rather than helping populations to become healthier, while our educational institutions have embarked upon an all-out war on patriotism and cultural unity, which ordinarily would be natural counterbalances to globalism. Our schools produce traumatised children, alienated from each other and their parents, unable to engage in critical thinking. Social media circuitry wires it all together by enabling rapid communication of agitprop and fear. The Enlightenment is in full retreat.


Bright spots exist. We’ve seen Elon Musk break ranks with other billionaires by opening the door just a crack on Twitter to permit reasoned debate. But even this was a pyrrhic victory, considering that Twitter’s advertising revenue dropped 71 percent in December 2022 when more than half of the company’s top 1,000 advertisers pulled the plug amid a concerted pushback from Big Business. The EU turned its censorious Twitter thumbscrews tighter, with not a whimper of protest from the US government for this blatant disregard for the US Constitution. Indeed, it is clear Washington is telling those EU bureaucrats what censorship to enforce in the US. Still, scratch a little deeper and you will find reasons for optimism if you, like us, are working and hoping for a new Enlightenment. Here we discuss five.

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“The tests are cheap and dispositive. We can fix this in a New York minute, but nobody wants to know the answer.”

• The COVID Vaccines Were Never Tested for Safety (Kirsch)

There were 31.2% higher deaths in the “gold standard” Pfizer Phase 3 clinical trials. There is only one way to know whether or not the vaccine caused any of the deaths in the 21 vaccinated patients who died: proper histopathology. Pfizer never did it and the FDA never asked for it. This was the biggest mistake in the pandemic and nobody has acknowledged that or lifted a finger to correct it (as I point out below). Had they done the proper testing on the 21 deaths, the vaccine would never have been approved. In lieu of the proper tests, there were assurances from Pfizer that nobody died from the vaccine. That’s absurd. We need the tests, not assurances. The tests are cheap and dispositive.

We can fix this in a New York minute, but nobody wants to know the answer. Today, only Ryan Cole is doing the proper histopathology and in 100% of the cases he’s been asked to look at, he can attribute the deaths to the vaccine. Someday, I hope that we’ll have leadership at the CDC that is not corrupt and that will ask Medical examiners to do the proper tests. This can literally happen instantly. For example, the CDC says that tomorrow, every Medical Examiner in the US should do histopathology looking for the vaccine as a cause of death on the next person who dies. This is no big extra burden for a medical examiner… just a few extra steps.

Or they can ask just a few medical examiners in highly vaccinated regions to run the extra tests on everyone who has an autopsy for the next 30 days (and to make sure that everyone who “dies suddenly” gets an autopsy done). The bottom line is this: we could almost instantly have proof of whether the vaccine is safe and effective or not and the costs in time and money is de minimis. The CDC is simply not interested in finding the truth about the vaccines, even though their job is to protect America from health threats.

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But the oath… Sue them all.

• Doctors Received Millions in Bonuses for Vaccinating Medicaid Patients (CHD)

The federal government and insurers incentivized healthcare providers in Kentucky and California to vaccinate Medicaid patients against COVID-19 by offering bonuses based on the percentage of patients successfully vaccinated. “[This is] truly sickening and I am embarrassed for my profession by this,” Dr. Meryl Nass, an internist and biological warfare epidemiologist, wrote on her Substack, where she posted several documents relating to the COVID-19 vaccine provider incentive programs. The documents help to draw a picture of the broader effort at the federal, state and local levels to unleash a range of strategies targeting low-income and people-of-color communities, which tended to have lower vaccination rates.

The strategies included providing hundreds of millions of dollars for the creation of “culturally tailored” pro-vaccine materials and for training “trusted” and “influential messengers” to promote COVID-19 and flu vaccines to communities of color in every state. Nass’ revelations showed these efforts went beyond advertising, fear campaigns, payments to patients and payments to trusted community actors and included, in some cases, direct financial incentives to healthcare providers. Anthem Blue Cross and Blue Shield Medicaid in Kentucky told physicians in 2021 it would “recognize your hard work by offering incentives for helping patients make the choice to become vaccinated.” The more people vaccinated, the higher the per-person incentive.

For physicians who treated an Anthem Medicaid cohort with a minimum of 25 patients in their practice, Anthem Medicaid offered incentives for vaccination by Sept. 1, 2021, that ranged from a $20 bonus per vaccinated person for physicians who vaccinated 30% of the cohort, to $125 per vaccinated person for those who vaccinated 75% of the cohort, with several incremental steps in between. As time went on, the rates increased. Between Sept. 1 to Dec. 31, 2021, physicians received payments ranging from $100 per newly vaccinated person for those who vaccinated 30% of their patient cohort, to $250 per newly vaccinated person for those who vaccinated 75% of their patient cohort.

In 2022, the Anthem provider incentive program changed to a flat rate. Providers received $50 per newly vaccinated Medicaid patient. This included children ages 6 months to 4 years and kids 12 and older vaccinated between Jan. 1 and Dec. 31, 2022, and children ages 5 to 11 vaccinated between June 1 and Dec. 31, 2022. The California Department of Health Care Services (DHCS) on Aug. 6, 2021, announced $350 million in incentive payments — $250 million to providers and $100 million for direct non-monetary payments, such as gift cards, to vaccine recipients — to encourage vaccination among Medi-Cal’s 14 million beneficiaries. Of the $350 million, $175 million came from state general funds and $175 million from federal funding. The funding period lasted from Sept. 2, 2021, through Feb. 29, 2022.

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“The national debt (the amount the federal government has borrowed over the years and must pay back) is $31 trillion and will grow another $19 trillion by 2033.”

• US Government Borrows $6 Billion a Day (Whitehead)

We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones being forced to foot the bill for the government’s fiscal insanity. According to the number crunchers with the Committee for a Responsible Federal Budget, the government is borrowing roughly $6 billion a day. As the Editorial Board for the Washington Post warns: “The nation has reached a hazardous moment where what it owes, as a percentage of the total size of the economy, is the highest since World War II. If nothing changes, the United States will soon be in an uncharted scenario that weakens its national security, imperils its ability to invest in the future, unfairly burdens generations to come, and will require cuts to critical programs such as Social Security and Medicare. It is not a future anyone wants.”

Let’s talk numbers, shall we? The national debt (the amount the federal government has borrowed over the years and must pay back) is $31 trillion and will grow another $19 trillion by 2033. That translates to roughly $246,000 per taxpayer or $94,000 for every single person in the country. The bulk of that debt has been amassed over the past two decades, thanks in large part to the fiscal shenanigans of four presidents, 10 sessions of Congress and two wars. It’s estimated that the amount this country owes is now 130% greater than its gross domestic product (all the products and services produced in one year by labor and property supplied by the citizens). In other words, the government is spending more than it brings in. The U.S. ranks as the 12th most indebted nation in the world, with much of that debt owed to the Federal Reserve, large investment funds and foreign governments, namely, Japan and China.

Interest payments on the national debt are estimated to top $395 billion this year, which is significantly more than the government spends on veterans’ benefits and services, and according to Pew Research Center, more than it will spend on elementary and secondary education, disaster relief, agriculture, science and space programs, foreign aid, and natural resources and environmental protection combined. According to the Committee for a Reasonable Federal Budget, the interest we’ve paid on this borrowed money is “nearly twice what the federal government will spend on transportation infrastructure, over four times as much as it will spend on K-12 education, almost four times what it will spend on housing, and over eight times what it will spend on science, space, and technology.” In ten years, those interest payments will exceed our entire military budget. This is financial tyranny.

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Gaur
https://twitter.com/i/status/1646109211267416066

 

 

Fibonacci

 

 


The Konark Sun temple located in India, presents an iconography on a grand scale. It has 24 elaborately carved stone wheels which are nearly 3.7 m in diameter which are also sundials, and can be used to calculate time accurately to a minute

 

 

Octopuses
https://twitter.com/i/status/1645864294838419456

 

 

Murmuration
https://twitter.com/i/status/1646138779717992450

 

 

 

 

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Debt Rattle March 7 2023

Mar 072023
 
 March 7, 2023  Posted by at 10:15 am Finance Tagged with: , , , , , , , ,  64 Responses »


Roy DeCarava Woman walking above, New York 1950

 

• Pentagon Chief Downplays Importance Of Bakhmut (RT)
• Zelensky At Odds With Top General – Bild (RT)
• Zelensky’s Office Says Zaluzhny Supports Further Battles In Bakhmut (TASS)
• About 10,000 Ukrainian Troops Remain In Bakhmut – DPR Advisor (TASS)
• Ukraine Sustains Big Losses In Bakhmut – El Pais (TASS)
• NATO Estimates Russia Lost 5 Times More Soldiers In Bakhmut Than Ukraine (Az.)
• Direct Talks Between Russia, US Needed To Settle Conflict In Ukraine – Hungary (TASS)
• Bulgaria Profiteering From Ukraine Conflict (RT)
• Norway Earns Record Oil, Gas Revenue After Ukraine War (RT)
• Nord Streams’ Fate To Be Decided By Gazprom, Other Shareholders – Kremlin (TASS)
• Medvedev Eyes ‘Final Nail’ In Neocolonialism’s Coffin (RT)
• A Massive Global Restructuring is Underway (IM)
• CNN Boss Ordered Staff Not To Chase Down Covid Lab Leak Theory (Fox)
• America’ COVID Response Was Based on Lies (Scott Atlas)
• Twitter Insiders: We Can’t Protect Users From Trolling Under Musk (BBC)
• Allegorical Intermezzo (Kunstler)
• FDA Pledges to ‘Save Lives’ by Policing Online Content (CHD)
• Those Pesky Savanna Monkeys and Their Dreams of Gold Hydrogen (Ugo Bardi)
• Jan. 6 Footage Shows Capitol Cops Escorting QAnon Shaman To Senate Floor (NYP)

 

 

 

 

Massie

 

 

 

 

 

 

RFKjr

 

 

Crosstalk Pepe

 

 

 

 

Jaishankar

 

 

 

 

There’s a story here. Germany’s BILD Zeitung reports that Ukraine’s military no. 1, Valery Zaluzhny, called for a withdrawal from Bakhmut weeks ago. Other reports say the US wanted such a withdrawal since late January. Zelensky kept refusing. And now the story has become that everyone agrees to stay in Bakhmut, while at the same time downplaying its importance, either militarily or as a symbol.

It’s PR thing now, pure and simple. NATO can blame Zelensky from here on in, and is scot-free. AND: NATO’s not losing, Zelensky is. If only he’d listened, he’s be winning.

• Pentagon Chief Downplays Importance Of Bakhmut (RT)

The city of Artyomovsk, or Bakhmut as it is known by Ukraine, is of more symbolic than operational importance, US Secretary of Defense Lloyd Austin claimed on Monday, according to Reuters. The battle for the city – a major stronghold and logistics hub for Kiev’s forces in the Donetsk People’s Republic (DPR) – has continued for months, being described by some as the fiercest in the conflict between Russia and Ukraine.Yan Gagin, an adviser to the DPR’s acting head Denis Pushilin, said on Monday that Russian forces have encircled the key city, trapping around 10,000 Ukrainian troops inside. The Pentagon chief, however, said he wouldn’t consider it a strategic setback if Ukrainian troops decide to reposition themselves on new defense lines west of the city. “The fall of [Artyomovsk] won’t necessarily mean that the Russians have changed the tide of this fight,” he said. While acknowledging the possibility of a defeat for Ukraine in Artyomovsk, Austin refused to speculate on whether or when it’ll happen.


German tabloid Bild reported on Monday that the city had become a source of internal conflict between Ukrainian President Vladimir Zelensky and the commander-in-chief of the country’s armed forces General Valery Zaluzhny. Insiders in Kiev told the outlet that Zaluzhny had called for a withdrawal from the city weeks ago. However, Zelensky’s office said on Monday morning that his top generals supported continuing the defensive operation in Bakhmut. According to Western media reports, the US government has been urging Kiev to pull out of Artyomovsk since late January and to prepare instead for future counter-offensives in other areas. However, Zelensky has insisted the city will fight for as long as possible. Senior Biden administration officials told the Washington Post in late February that the Ukrainian leader “attaches symbolic importance” to the city and fears a setback to morale if it’s captured by Russian forces.

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“US officials have assessed that its loss to Russia would not affect the strategic situation..”

• Zelensky At Odds With Top General – Bild (RT)

An internal conflict is underway between Ukrainian President Vladimir Zelensky and General Valery Zaluzhny, commander-in-chief of the armed forces, according to government sources cited by Bild on Monday. Kiev insiders told the German tabloid that the military commander called for a withdrawal from a key Donbass city weeks ago. Zaluzhny advised the president to abandon Artyomovsk, known as Bakhmut in Ukraine, rather than keep defending it as Russian troops threatened to take control of the city, the newspaper reported. However the Ukrainian leader declared the city a fortress, and refused to pull troops back.

Russian forces have made notable advances in the fight for Artyomovsk this year. Yevgeny Prigozhin, the head of the private military company Wagner Group, claimed last Friday that it was “de-facto completely surrounded,” with only one road available for possible evacuation. According to US media, Washington has been urging Zelensky to pull out of Artyomovsk and focus on preparing a major counteroffensive for the spring using Western-supplied weapons, but the Ukrainian president fears a morale hit that such a move would cause. The city is part of a 70km Ukrainian defense line created since Kiev initiated the fighting in Donbass in 2014. US officials have assessed that its loss to Russia would not affect the strategic situation.

Bild sources claimed that Ukrainian troops on the ground in Artyomovsk “do not understand why the city is being held” and believe they should have withdrawn a long time ago. Zelensky recently stated that Ukrainian forces would defend it as long as it “remains reasonable” to do so. The German tabloid also noted that Zaluzhny’s popularity for leading the military campaign against Russia makes him a viable challenger to Zelensky in a potential presidential run. The general has not publicly announced any ambition to run for office, but rumors have been circulating in Ukraine for months regarding Zelensky’s concerns over possible competition.

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Seniors and teenagers.

• Zelensky’s Office Says Zaluzhny Supports Further Battles In Bakhmut (TASS)

The commander-in-chief of the Ukrainian armed forces, Valery Zaluzhny, and the commander of the Ground Forces of the Ukrainian armed forces, Alexander Syrsky, have supported further battles in Artyomovsk, a town known in Ukraine as Bakhmut, and efforts to reinforce Ukrainian positions in the town, Ukrainian President Vladimir Zelensky’s office said on Monday. The statement followed news media reports that Zelensky and Zaluzhny had differences. Zelensky held a meeting of top military officers that, among other things, had an in-depth discussion of the situation in Artyomovsk, and asked Zaluzhny and Syrsky about further plans of Ukrainian forces in the area.

“They [Zaluzhny and Syrsky] spoke in favor of continuing the defense operation and further reinforcement of our positions in Bakhmut,” said the statement that was published on the Ukrainian presidential website.The Bild newspaper earlier reported, citing sources, that the situation around Artyomovsk caused disagreement between Zelensky and Zaluzhny. According to the report, Zaluzhny told Zelensky a few weeks ago that Ukrainian troops needed to be pulled out of Artyomovsk. The Ukrainian president, however, had a fundamentally different view on the issue. Artyomovsk is located in the Kiev-controlled part of the DPR and is an important transportation hub for supplying Ukrainian troops in Donbass.

Fierce fighting has been raging for the town. Denis Pushilin, the interim head of the Donetsk People’s Republic said on February 16 that Russian forces had seized control of all key heights near Artyomovsk. Zelensky said on February 20 that Ukraine would fight for Artyomovsk “while it makes sense.” Additional units continue to be sent to the town. Andrey Marochko, a retired lieutenant-colonel of the People’s Militia of the Lugansk People’s Republic, told TASS that Kiev had sent even underage children to take part in the hostilities. Yan Gagin, an adviser to interim head of the Donetsk People’s Republic, said on Monday that Ukrainian forces in Artyomovsk were trapped just like they were in Debaltsevo in 2015.

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“..Prigozhin said that tens of thousands of Ukrainian troops were fiercely resisting Russian forces in Artyomovsk.”

• About 10,000 Ukrainian Troops Remain In Bakhmut – DPR Advisor (TASS)

There are currently some 10,000 Ukrainian servicemen in Artyomovsk, known as Bakhmut in Ukraine, Yan Gagin, who is an advisor to acting leader of Donetsk People’s Republic (DPR) Denis Pushilin, said on Monday. “Quite a large garrison of [Ukrainian troops] is still deployed in Artyomovsk – some 10,000 people or, perhaps, somewhat more. Parts of it have already left the city, and some parts have been attempting to leave it, while our artillery has been trying to hit them,” the expert told Rossya-1 television. Earlier on Monday, Gagin also said that the cauldron in Artymovosk was similar to the one Ukrainian troops got encircled into in 2015. On March 1, founder of the Wagner private military company Yevgeny Prigozhin said that tens of thousands of Ukrainian troops were fiercely resisting Russian forces in Artyomovsk.

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“..the Ukrainian military admits that several of its best-trained army units have been destroyed near Artyomovsk in recent months..”

• Ukraine Sustains Big Losses In Bakhmut – El Pais (TASS)

Ukraine’s armed forces have sustained huge losses in Artyomovsk (known as Bakhmut in Ukraine), despite the fact that several of their best brigades were deployed to the city, Spain’s El Pais reported on Monday. According to the newspaper, on Friday Ukrainian troops blew up two small bridges linking the only Ukraine-controlled access road to Artyomovsk and erected a floating bridge instead. The newspaper also reported that several small groups of Ukrainian soldiers arrived in the city as reinforcements. Meanwhile, The Wall Street Journal reported on Sunday that the Ukrainian military admits that several of its best-trained army units have been destroyed near Artyomovsk in recent months. Although data on Ukraine’s losses are classified, some officers acknowledge the losses on condition of anonymity. Artyomovsk, a major transport hub used as a logistics center for the Ukrainian army in Donbass, is located in the Kiev-controlled part of the Donetsk People’s Republic. Fierce fighting continues for control of the city. Acting head of the Donetsk People’s Republic (DPR) Denis Pushilin said on February 16 that Russian forces had taken control of the high ground around Artyomovsk.

Retreat from Bakhmut

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Guys like Col. Macgregor put the ratio at 8:1, and likely worse. NATO claims 1:5. Oh, sure.

• NATO Estimates Russia Lost 5 Times More Soldiers In Bakhmut Than Ukraine (Az.)

NATO intelligence estimates that for every Ukrainian soldier killed defending Bakhmut, Russian forces have lost at least five, a military official with the North Atlantic alliance told CNN on Monday, Report informs. The official cautioned the five to one ratio was an informed estimate based on intelligence.The official spoke to CNN on the condition they remain anonymous because they are not allowed to discuss this intelligence. Despite the favorable ratio, they also said Ukraine was suffering significant losses defending the city. Ukrainian officials have repeatedly claimed they were inflicting heavy losses on Russia as Moscow tried to take Bakhmut.

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And a few actually want peace….

• Direct Talks Between Russia, US Needed To Settle Conflict In Ukraine – Hungary (TASS)

Hungary believes the settlement of the armed conflict in Ukraine requires direct talks between Russia and the US, Hungarian Foreign Minister Peter Szijjarto said in the country’s parliament on Monday. “We would welcome direct talks between the US and Russia” on Ukraine, the minister said. He brought up the brief conversation between Russian Foreign Minister Sergey Lavrov and US Secretary of State Anthony Blinken during a meeting of foreign ministers of the Group of 20 countries in India on March 2. “It would be nice if they had more time to talk. With the few minutes they had, it was quite hard to discuss paths to a lasting settlement [in Ukraine],” Szijjarto said.


He also said that most countries support the establishment of peace in Ukraine as soon as possible.”Peace requires peace talks, and for this to happen we must keep the channels of communication open,” the minister said. Earlier, the Hungarian government has repeatedly stated it believed that in order to resolve the Ukrainian conflict, negotiations should go not only between Ukraine and Russia, but also between Russia and the United States, since Washington provides most political and military support to Kiev.

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Two EU countries profiteer from the war: Bulgaria and Norway.

“Last year alone, at least $1 billion in arms was transferred from Bulgaria to Ukraine, mostly through Poland and Romania..”

• Bulgaria Profiteering From Ukraine Conflict (RT)

Bulgarian arms makers exported products worth billions of dollars to Ukraine using third-party countries as intermediaries, EURACTIV revealed in an investigation published on Monday. It had earlier been reported that former prime minister Kiril Petkov claimed credit for the scheme, which circumvented opponents of such transactions in the Bulgarian government. The outlet’s findings indicate that the practice of indirect arms supplies predated the outbreak of Russian-Ukrainian hostilities. However once the conflict escalated in February 2022, Bulgarian manufacturers enjoyed a rapid increase in profits, doubling sales last year. Bulgaria is a major producer of munitions compatible with Soviet-designed weapons, which Ukraine used extensively before the US and its allies supplied it with Western-produced alternatives.

Last year alone, at least $1 billion in arms was transferred from Bulgaria to Ukraine, mostly through Poland and Romania, sources told EURACTIV. No direct arms contracts were signed, the outlet added. The funneling of arms was done through foreign schemes and funded using foreign finance, according to Velizar Shalamanov, the former acting defense minister and a vocal supporter of shipping arms to Ukraine. There is a program with good funding in Great Britain, the United States and Poland. Through this program, the armaments needed for Ukraine are bought, that is, the money is not Ukrainian but British, American, Polish or European. That is why it is bought through other companies,” he told EURACTIV.

The clandestine deliveries were repoerted in January by the German daily Die Welt, which gave credit for the scheme to former Bulgarian prime minister Kiril Petkov and ex-finance minister Asen Vasilev. They are both Harvard University graduates and belong to the same pro-NATO political movement, which they founded together. “We estimate that around a third of the ammunition needed by the Ukrainian Army came from Bulgaria in the early stages of the war,” Petkov said at the time. The prime minister had taken the steps contrary to public opinion, which was overwhelmingly opposed to giving extensive aid to Ukraine, over concerns that their country would be dragged into the conflict, Die Welt reported.

Petkov’s government was backed by a coalition of four parties, and, according to the German paper, he went behind the back of the Socialists – a coalition member that publicly opposed any armament supplies to Ukraine. Petkov lost his position in a no-confidence vote last June. The Bulgarian parliament failed to form a stable government after snap elections in October and is currently preparing for a new national ballot in April. The country approved its first official military aid package to Kiev in December, with President Rumen Radev declining to block the proposal backed by parliament.

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After During Ukraine War.

• Norway Earns Record Oil, Gas Revenue After Ukraine War (RT)

The Norwegian state raked in record oil and gas revenues last year after the war in Ukraine sent energy prices soaring, official figures showed Monday, Report informs via Barron’s. Norway earned 1.5 trillion kroner ($140 billion) in revenues from oil and gas, according to estimates by Statistics Norway (SSB). It was “by far the highest ever recorded in the statistics” and almost three times the 498 billion kroner earned in 2021, according to SSB. Norway became Europe’s largest supplier of natural gas in 2022 as Russia cut deliveries and the Scandinavian country increased its own exports. Oslo’s income was buoyed by record high European gas prices over the summer which have since subsided. The exceptional revenues have sometimes earned Norway the label of “war profiteer”, a label that Oslo rejects. Norway has pledged 75 billion kroner in civil and military aid to Ukraine over the next five years (2023-2027), or 15 billion kroner per year.

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“He answered in the negative when asked whether there would be recommendations from the Kremlin to Gazprom on this matter..”

• Nord Streams’ Fate To Be Decided By Gazprom, Other Shareholders – Kremlin (TASS)

The decision about the future of the Nord Stream pipelines will be made by Gazprom and other shareholders of the project, and there will be no recommendations from the Kremlin on this matter to the company, Kremlin spokesman Dmitry Peskov told reporters. When asked about the future of Nord Streams, the Kremlin official advised to contact Gazprom, which “is a shareholder in this international project.” “Of course, this is a decision that should be made collectively by all shareholders – this is an international project,” Peskov stressed. He answered in the negative when asked whether there would be recommendations from the Kremlin to Gazprom on this matter. “First of all, you need to contact Gazprom,” the Kremlin spokesman repeated.

Earlier, Reuters reported citing sources that the Nord Stream and Nord Stream 2 gas pipelines are set to be sealed up and mothballed. On September 27, 2022, Nord Stream AG reported unprecedented damage that occurred the day before on three strings of the Nord Stream 1 and Nord Stream 2 offshore gas pipelines. On September 26, 2022, Swedish seismologists registered two explosions on the pipeline routes. The Russian Prosecutor General’s Office launched a criminal case based on charges of international terrorism. On February 8, US investigative journalist Seymour Hersh published an article, which said, citing sources, that US Navy divers had planted explosive devices under the Nord Stream 1 and 2 gas pipelines under the cover of the BALTOPS exercise in June 2022, and Norwegians activated the bombs three months later.

According to the journalist, the decision to conduct the operation was made by US President Joe Biden personally, following nine months of discussions with White House security specialists. White House National Security Council Spokesperson Adrienne Watson said in a comment to TASS that Hersh’s account was “utterly false and complete fiction.” At a meeting of G20 Foreign Ministers on March 2, Russian Foreign Minister Sergey Lavrov said that Moscow will continue to seek a prompt and impartial investigation of sabotage at the gas pipelines. Moscow insists on its participation in this probe, he added. He noted that the call of the Russian Federation to reflect the need for a fair investigation into Nord Stream in the G20 declaration was ignored.

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“As more and more countries “stop fearing Western diktat” and start to assert their national interests more actively, the former colonial powers are bound to lose their hold on the regions they once thought were theirs..”

• Medvedev Eyes ‘Final Nail’ In Neocolonialism’s Coffin (RT)

Russia is ready to help the world do away with the vestiges of a Western-dominated colonial past, former president Dmitry Medvedev has claimed. The official argued that as a nation “which has never had any colonies,” Russia is well-placed to take part in this process. In an article published on Monday, Medvedev claimed that “geopolitical turbulence has cut open an abscess of the old problems of our world.” The ex-president and now deputy chair of the Russian Security Council, argued that the “malignant tumor of a colonial past” is a problem that calls for “international surgery.” He noted that the Soviet Union played a major role in dismantling the colonial system of the 20th century. “We, together with other countries, can now drive the final nail in the coffin of the Western world’s neo-colonial aspirations,” Medvedev proclaimed in the piece, posted on the United Russia party website.

As an example, the former president cited Argentina’s decision to renounce a 2016 deal with the UK with respect to the disputed Falkland/Malvinas islands in the South Atlantic, which were at the center of a military conflict in 1982. On Thursday, Argentinian Foreign Minister Santiago Cafiero said he had notified his British counterpart, James Cleverly, of the move during a meeting in New Delhi, India, on the sidelines of the G20 summit. Buenos Aires “has proposed to resume negotiations on the question of sovereignty” in compliance with the mandate of the UN General Assembly and the world body’s Committee on Decolonization, Cafiero clarified. Medvedev argued that the decisions to show French troops the door last year by two of France’s former colonies in Africa, the Central African Republic and Mali, fit this pattern too.

Medvedev pointed out, however, that there are still a number of dependent territories around the globe ruled by Western powers such as the UK and France. He expressed skepticism that those nations will willingly relinquish control of the remains of their former empires. As more and more countries “stop fearing Western diktat” and start to assert their national interests more actively, the former colonial powers are bound to lose their hold on the regions they once thought were theirs, he concluded. Following the start of Russia’s military campaign against Ukraine last February and amid fierce confrontation with the West, top Russian officials, including President Vladimir Putin, have increasingly advocated the establishment of a “multipolar world” which does not center around the wishes of one single superpower.

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“If everyone thinks that we are guaranteed to win the war, it seems very unlikely.”

Interesting piece of video of Arestovich.

• A Massive Global Restructuring is Underway (IM)

We’ve long said that Hungary was going to leave the EU. It is just a question of time. The daily news announced that “hundreds of high-ranking military officers sacked in Hungary”. From the article: “Multiple Hungarian media outlets reported that Hungary’s defense minister sacked hundreds of high-ranking military officers. The people concerned have two months to leave and will get 70 percent of their current salaries as a pension-like allowance even if they continue to work. The minister says the move served the rejuvenation and modernisation of the army. The opposition believes the government fired pro-NATO officers.” To be clear, I don’t know if this is true. But as with most things, you piece together multiple bits of information and a picture forms providing probabilities. It is with these probabilities that we begin to price outcomes and assets accordingly.

Where most probable outcomes coincide with cheap or expensive asset classes is where we find asymmetry. So what we do know is that Hungary has been against the Ukraine war from the get go. Orban has been a thorn in the EU’s side, refusing to bow to ever increasing levels of control and mismanagement. He is extraordinarily popular at home and this has the pointy shoes in Brussels in a tizz. How dare he? The article goes on to explain the mass sacking. “The ministry says this move served the aim to modernise the army and pave the way to the rise of a new officer generation. Media reports about more than a hundred generals, colonels and other high-ranking officers sent away. Meanwhile, the former defence secretary and the Democratic Coalition’s MP, Ágnes Vadai, counted around 170 officers on Thursday. She added the officers sent away were pro-NATO.”

What may have prompted this? Well, I did note this…This guy with the dress sense of a circus clown just resigned. He is — or should I say was — advisor to Zelensky’s chief of staff. A recent article announced that Oleksiy Arestovich resigns as advisor to Zelensky’s office. “Oleksiy Arestovich submitted his resignation from the position of external adviser to the office of the president of Ukraine. “I want to show an example of what civilized behavior is: a fundamental error, then resignation,” he wrote on his social media, attaching a photo of his letter.” After his resignation he went on political analyst Yuri Romanenko’s Youtube channel and had this to say. “I’m an unofficial person already, I can say what I want.” Then having said that, spat this out… “If everyone thinks that we are guaranteed to win the war, it seems very unlikely.”

This is particularly interesting since the former actor (I know right, it’s like the entire cabinet are actors) coined the name. I’d say propagandist but whatever. His job, as far as I can tell, was to run a Youtube channel, which earned him the nickname “Therapist-in-Chief” and was devoted to assuring Ukrainians that the situation was under control, Ukraine had the upper hand, and that the war would be over soon. So basically a professional liar. A Ukrainian version of the BBC and CNN. So as you can see, quite a turnaround for the “everything’s under control” kid. I guess the cocaine dwarf didn’t funnel enough of the Western taxpaying serfs’ money through Europe’s laundromat to him in order to keep up the charade. Or he quite possibly actually fears for his life because at some point a Russian bullet may exit the back of his head. Who knows?

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“CNN bent over backwards to knock down what former President Trump and members of his administration said lending credibility to the lab-leak theory..”

• CNN Boss Ordered Staff Not To Chase Down Covid Lab Leak Theory (Fox)

CNN has long referred to itself as “the most trusted name in news” and famously launched its “Facts First” campaign during the Trump era, but like many other outlets, that sentiment fell by the wayside when it came to the COVID lab-leak theory. In recent days, the theory that COVID originated from a lab leak at the Wuhan Institute of Virology has been embraced by FBI Director Christopher Wray and a bombshell report indicated that the U.S. Energy Department believes the virus likely started in the lab, a sentiment expressed by top Trump administration officials nearly from the outset. But in the early months of the pandemic, then-CNN president Jeff Zucker would not allow his network to chase down the lab-leak story because he believed it was a “Trump talking point,” according to a well-placed CNN insider.

“People are slowly waking up from the fog,” the insider told Fox News Digital. “It is kind of crazy that we didn’t chase it harder.”Throughout Zucker’s tenure as CNN’s chief, he pulled what was once widely seen as a straight-news organization to an anti-Trump operation. CNN bent over backwards to knock down what former President Trump and members of his administration said lending credibility to the lab-leak theory, as the White House was deemed a nemesis by the network. On March 28, 2020, CNN’s Oliver Darcy published a story headlined, “Here’s how to debunk coronavirus misinformation and conspiracy theories from friends and family,” that offered advice about dealing with pesky loved ones who didn’t believe in mainstream COVID-19 narratives at the time.

“While the coronavirus pandemic has isolated family and friends inside their homes, it has in many cases increased online or over-the-phone communication with loved ones,” Darcy wrote. “But, in some cases, relatives and friends share poor information – whether it is bad science related to how to prevent the virus, debunked rumors about cities being put on lockdown, or conspiracy theories about the origins of Covid-19. While any strain of misinformation is not ideal, misinformation related to a public health crisis has an especially dangerous element to it,” Darcy continued before declaring that “bad information during a public health emergency poses a risk to those who fall victim to it.” Darcy’s admonition came as CNN was one of many mainstream outlets to declare the lab-leak notion utterly preposterous.

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Scott Atlas was an early Fauci/Birx victim.

• America’ COVID Response Was Based on Lies (Scott Atlas)

Almost all of America’s leaders have gradually pulled back their COVID mandates, requirements, and closures—even in states like California, which had imposed the most stringent and longest-lasting restrictions on the public. At the same time, the media has been gradually acknowledging the ongoing release of studies that totally refute the purported reasons behind those restrictions. This overt reversal is falsely portrayed as “learned” or “new evidence.” Little acknowledgement of error is to be found. We have seen no public apology for promulgating false information, or for the vilification and delegitimization of policy experts and medical scientists like myself who spoke out correctly about data, standard knowledge about viral infections and pandemics, and fundamental biology.

The historical record is critical. We have seen a macabre Orwellian attempt to rewrite history and to blame the failure of widespread lockdowns on the lockdowns’ critics, alongside absurd denials of officials’ own incessant demands for them. In the Trump administration, Dr. Deborah Birx was formally in charge of the medical side of the White House’s coronavirus task force during the pandemic’s first year. In that capacity, she authored all written federal policy recommendations to governors and states and personally advised each state’s public health officials during official visits, often with Vice President Mike Pence, who oversaw the entire task force. Upon the inauguration of President Joe Biden, Dr. Anthony Fauci became chief medical advisor and ran the Biden pandemic response.

We must acknowledge the abject failure of the Birx-Fauci policies. They were enacted, but they failed to stop the dying, failed to stop the infection from spreading, and inflicted massive damage and destruction particularly on lower-income families and on America’s children. More than 1 million American deaths have been attributed to that virus. Even after draconian measures, including school closures, stoppage of non-COVID medical care, business shutdowns, personal restrictions, and then the continuation of many restrictions and mandates in the presence of a vaccine, there was an undeniable failure—over two presidential administrations—to stop cases from rapidly escalating.Numerous experts—including John Ioannidis, David Katz, and myself—called for targeted protection, a safer alternative to widespread lockdowns, in national media beginning in March of 2020. That proposal was rejected. History’s biggest public health policy failure came at the hands of those who recommended the lockdowns and those who implemented them, not those who advised otherwise.

[..] None of us are so naïve as to expect a direct apology from critics at my employer, Stanford University, or in government, academic public health, and the media. But to ensure that this never happens again, government leaders, power-driven officials, and influential academics and advisors often harboring conflicts of interest must be held accountable. Personally, I remain highly skeptical that any government investigation or commission can avoid politicization. Regardless of their intention, all such government-run inquiries will at least be perceived as politically motivated and their conclusions will be rejected outright by many. Those investigations must proceed, though, if only to seek the truth, to teach our children that truth matters, and to remember G.K. Chesterton’s critical lesson that “Right is right, even if nobody does it. Wrong is wrong, even if everybody is wrong about it.”

Moderna software

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By Marianna Spring – BBC “Disinformation and social media correspondent”.

Saw part of the doc, fell asleep. Disinformation for these people is anything they don’t agree with. They drag out a rape victim and blame her misery on Elon Musk.

• Twitter Insiders: We Can’t Protect Users From Trolling Under Musk (BBC)

Twitter insiders have told the BBC that the company is no longer able to protect users from trolling, state-co-ordinated disinformation and child sexual exploitation, following lay-offs and changes under owner Elon Musk. Exclusive academic data plus testimony from Twitter users backs up their allegations, suggesting hate is thriving under Mr Musk’s leadership, with trolls emboldened, harassment intensifying and a spike in accounts following misogynistic and abusive profiles. Current and former employees of the company tell BBC Panorama that features intended to protect Twitter users from trolling and harassment are proving difficult to maintain, amid what they describe as a chaotic working environment in which Mr Musk is shadowed by bodyguards at all times. I’ve spoken to dozens, with several going on the record for the first time.

The former head of content design says everyone on her team – which created safety measures such as nudge buttons – has been sacked. She later resigned. Internal research by Twitter suggests those safety measures reduced trolling by 60%. An engineer working for Twitter told me “nobody’s taking care” of this type of work now, likening the platform to a building that seems fine from the outside, but inside is “on fire”. Twitter has not replied to the BBC’s request for comment. My investigation also reveals:

• Concerns that child sexual exploitation is on the rise on Twitter and not being sufficiently raised with law enforcement
• Targeted harassment campaigns aimed at curbing freedom of expression, and foreign influence operations – once removed daily from Twitter – are going “undetected”, according to a recent employee.
• Exclusive data showing how misogynistic online hate targeting me is on the rise since the takeover, and that there has been a 69% increase in new accounts following misogynistic and abusive profiles.
• Rape survivors have been targeted by accounts that have become more active since the takeover, with indications they’ve been reinstated or newly created.

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“My gawd, it’s going to be a long haul, but have a little faith — remember what that is? (It’s the conviction that all of us together stand in some meaningful relation to existence.)”

• Allegorical Intermezzo (Kunstler)

The credibility of finance was thrown overboard a long time ago. Capital was sloshing around in the bilges as the ship heaved and pitched in the angry waters, and it had to go somewhere. The next turn will be when you go looking for where it went and you discover to your nauseated chagrin that the capital is just… gone! Through some legerdemain of physics, it disappeared… turned into a kind of anti-matter… fell through a black hole (possibly ripped by that iceberg), or up the smokestacks, like it was never there at all. When that happens, our collective attention finally gets galvanized as by no shock before. When capital is truly gone, transmogrified into a whole lot of nothing, the time for standing by making faces and whining is over.

By the way, this is the way the world ends for the vacuum known as “Joe Biden” and the Party of Chaos he is propped up to represent. Chaos, we will be astounded to learn, is not your friend, is not the solution to anything, least of all a polity that is floundering in lifeboats over cold, dark, deep water a thousand leagues from dry land. What’s more, there are no ships coming to the rescue. Guess why they put oars in the boats. Get set to pull, me hardies! Yes, we’re at sea now, without a compass. Yet the stars sparkle dazzlingly above, and some aboard can actually read what they say and what they point to. If safety and sanity will not find us, maybe we can pull together toward wherever they wait.

My gawd, it’s going to be a long haul, but have a little faith — remember what that is? (It’s the conviction that all of us together stand in some meaningful relation to existence.) Even if you’re too mentally drained to believe it, act as if it is so. Or, in post-modern parlance, fake it till you make it. Didn’t think it would come to this when you signed on to the voyage? I guess so. You were comfortably ensconced one winter night in the mini-McMansion, on the overstuffed sofa, entertained by some Netflix inanity, scarfing down the microwaved cheeze morsels… when the wife said, “Hey, let’s book a cruise!” Seemed like a good idea at the time, which is what everything in the annals of history is and was. And now, look at where you are!

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‘Easier’ to inform public when there were fewer communication channels..’

• FDA Pledges to ‘Save Lives’ by Policing Online Content (CHD)

Since U.S. Food and Drug Administration (FDA) Commissioner Dr. Robert Califf began his second tenure as the agency’s head in February 2022, he has made combating “misinformation” one of his top priorities, arguing it is “a leading cause of preventable death in America now” — though “this cannot be proved,” he said. In an interview [last] Tuesday with The Associated Press (AP), Califf, who also headed the FDA between 2016 and 2017, reiterated his pledge to “save lives” by policing online content. One year into his second tenure as FDA commissioner — and despite waning public trust in the FDA — Califf has launched several FDA initiatives aimed “‘helping the public get the accurate, science-based information they need to use medical products and foods to maintain and improve their health’ in the face of a tsunami of confusing and misleading information.”

In his AP interview, Califf said increasing “distortions and half-truths” about vaccines and other medical treatments are “a leading cause of death in America.” “Almost no one should be dying of COVID in the U.S. today,” he said, adding that people who deny themselves the vaccines “are dying because they’re misinformed.” Combating “misinformation” is one of Califf’s priorities, along with “restructuring the agency’s food safety program and more aggressively deploying FDA scientists to explain vaccine decisions in the media.” When he took the helm last year, Califf called for the FDA to be more proactive in “countering misinformation.” Upon being sworn in last year, he said: “These kinds of distortions and half-truths that find their way into the public domain do enormous harm, both by leading people to behavior that is detrimental to their health and by causing them to eschew interventions that would improve their health. “A purely reactive mode is not appropriate, particularly in this new era of social media.”

Califf said, at the time, that he expected to take about a year to develop a strategy to combat medical “misinformation,” in a process that would involve public meetings. Six months into his term, on Aug. 5, 2022, Califf tweeted: “The distortions and half-truths of misinformation and disinformation pose enormous dangers to the effectiveness of science and to public health itself, through the negative impact it has on individual behavior. “That’s why I’ve made combating misinformation one of my priorities. Providing factual info is the key to helping people make the best informed decisions about their health.” According to Pharma Intelligence, Califf’s interest in targeting so-called “misinformation,” particularly on social media platforms, stems from his previous job at Verily, a life sciences company owned by Google’s parent company, Alphabet Inc.

Califf has frequently panned the proliferation of communication channels and platforms for this alleged rise in “misinformation.” Speaking at the TCT 2022 (Transcatheter Cardiovascular Therapeutics) conference, Califf said the FDA in the past would make decisions and then employ a system it had in place to directly communicate those decisions to hospitals, health systems, pharmacies, insurers and others. Now, FDA announcements are often met with “faux outrage and lies,” according to Califf, making it difficult for the “average patient to separate the truth from the lies.”

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“..if hydrogen is available in gaseous form in the ground, the economics suddenly work.” So, the energy problem is solved. Move on, folks, now we can restart economic growth. ”

• Those Pesky Savanna Monkeys and Their Dreams of Gold Hydrogen (Ugo Bardi)

By now, you probably heard the story of “Natural Hydrogen,” (or “Gold Hydrogen”), the new source of clean energy that should come for free to us, outgassed from the depths of Earth. In 2020, the idea had been reviewed by Zgonnnik (see also an earlier paper), but the concept is becoming popular after it was described in a lengthy article on “Science” of Feb 17, 2022, and then taken up in an enthusiastic article in the NY times on Feb 27, where Peter Coy defines natural hydrogen as a “Gold Mine of Clean Energy Hiding Under our Feet.” Citing from the “Times” article, “….from an economic point of view, it doesn’t make any sense” to use electricity to produce hydrogen, transport the gas and then extract the energy through combustion or a fuel cell. But if hydrogen is available in gaseous form in the ground, the economics suddenly work.” So, the energy problem is solved. Move on, folks, now we can restart economic growth.

What’s wrong with this idea? Nothing. And everything. There is nothing wrong with finding hydrogen seeping out from the ground. Earth is a huge ball of rock, and it may well be that, somewhere, it contains free hydrogen, maybe even large amounts in comparison with human needs. Unfortunately, everything is wrong with the idea of exploiting that hydrogen as an economic resource. Here, we always stumble on the same problem: most people don’t understand the difference between amount, and concentration. A resource is not a resource if it is not concentrated enough. Actually, it has to be concentrated a lot if extracting it has to make sense in economic terms. Think of the two resources that made our modern world: oil and gas. By a miracle of geology, you can find them concentrated and nearly pure in the structures we call “wells.” Drill a hole into one of these wells, and often oil will flow out by itself in huge gushes.

Sometimes you have to pump it out, but it still remains a miracle that you can have so much of it, and so concentrated. That’s how we could create an entire civilization based on it. It is not always so easy: concentrated mineral resources are very rare in Earth’s crust. The problem is best explained by the example of gold. There are large amounts of it dissolved in seawater: tens of millions of tons. It is a lot of gold, but that’s because there is a lot of seawater. If you look at the concentration, we are talking of something around 0.005 parts per billion (ppb) or, if you prefer, a few parts per trillion. That’s way too low to make extraction feasible, as it was discovered by the German chemist Fritz Haber in the 1920s when he tried to extract gold from the sea to replenish the coffers of the German state, depleted by the Great War. Actually, he had been experimenting with the idea even before the war, but he failed anyway; it was simply impossible. If it is not concentrated enough, it is not a resource.

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Tucker’s off to a promising start.

• Jan. 6 Footage Shows Capitol Cops Escorting QAnon Shaman To Senate Floor (NYP)

Newly revealed surveillance footage from Jan. 6, 2021, shows two Capitol police officers escorting Jacob Chansley, the be-horned so-called “QAnon Shaman” who has come to symbolize the riot, through the halls of the Capitol and to the very door of the US Senate. The footage aired on Tucker Carlson’s Fox News show Monday night shows the officers closely following Chansley as he wanders the corridors of the Capitol, bare-chested and wearing face paint and a luxuriant fur hat with Viking horns.“Virtually every moment of his time inside the Capitol was caught on tape,” says Carlson, who was granted exclusive access by Speaker Kevin McCarthy to 40,000 hours of surveillance footage from that day inside and around the Capitol, which has never been seen before by the public. “The tapes show the Capitol police never stopped Jacob Chansley. They helped him. They acted as his tour guides.”

Sicknick

At one point, the officers are seen walking Chansley past seven other police officers milling around outside the Senate chamber, who barely give him a second look.Then they escort him to various entrances of the chamber which appear to be locked. Eventually they help him open a door, and he enters the chamber. Chansley, a 33-year-old naval veteran from Arizona, has been jailed for almost four years for “obstructing an official proceeding.” In a jailhouse interview played by Carlson he says: “The one very serious regret that I have [is] believing that when we were waved in by police officers that it was acceptable.” In a statement the Capitol police suggest that one of the officers with Chansley was trying to “de-escalate” the situation because he was outnumbered.


But that does not explain why Chansley, who was unarmed, was able to walk past seven more officers without being apprehended. “Not one of them even tried to slow him down,” says Carlson. He “understood that the Capitol police were his allies. . . . If he was in the act of committing such a grave crime, why didn’t the officers standing right next to him place him under arrest?” And yet in the narrative formed that day by the Democrats and much of the media, “Jacob Chansley became the face of January 6, a dangerous conspiracy theorist dressed in an outlandish costume who led the violent insurrection to overthrow America’s democracy,” says Carlson. McCarthy has been criticized for releasing the footage to Carlson who plans to air five stories based on the footage over two nights which he says “demolishes” the Democratic narrative of January 6.

Tucker video

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Rick and Jerry

 

 

 

 

Comorbidities – Foul Play With Death Certificates:
https://twitter.com/i/status/1632551125214699525

 

 

 

 

Thai elephant

 

 

 

 

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Debt Rattle December 6 2019

Dec 062019
 
 December 6, 2019  Posted by at 10:16 am Finance Tagged with: , , , , , , , , , , , , ,  5 Responses »


Arthur Rothstein President Roosevelt tours drought area, near Bismarck, North Dakota Aug 1936

 

• Mueller Report’s Resurgence Gives Democrats New Dilemma On Impeachment (CNN)
• Democrats Offering Passion Over Proof In Trump Impeachment (Turley)
• Pelosi Pursues Articles Of Impeachment Against Trump (R.)
• Ukraine Fires Prosecutor Investigating Burisma And Hunter Biden (CDMedia)
• Fed Goes Hog-Wild with T-Bills, But Repos Drop and MBS Shrink by $22 Bn (WS)
• Filmmakers Sue To Shield Visitors To US From Social Media Vetting (IC)
• French Strike Against Macron Reforms Enters Day Two (R.)
• UK’s Labour Accuses BBC Of Bias In Election Coverage (R.)
• Andrew Neil Tells Johnson “It’s Not Too Late” For Election Interview (BBC)
• Leak Confirms Turkey’s “Gold-For-Gas” Scheme To Evade US Sanctions On Iran (ZH)
• BPA Chemical Levels In Humans Drastically Underestimated (G.)

 

 

There’s a concerted effort to bring back Mueller into the impeachment narrative. I’m not entirely sure why the Dems would want that. A little video with the article suggests Trump would have lied to Mueller -in writing- about contacts with WikiLeaks. You know, Julian Assange, the man who can’t defend himself. The same reason why Mueller could leave him in the report. Along with the 13 Russians. Pelosi can swing from Ukraine back to RussiaRussia. She already did, actually.

So will they bring back Mueller’s bumbling testimony as well? Be careful what you wish for.

• Mueller Report’s Resurgence Gives Democrats New Dilemma On Impeachment (CNN)

Democrats are debating a risky step that may immeasurably bolster their impeachment case but could multiply the political price for ramming it home. Including elements of former special counsel Robert Mueller’s Russia report suggesting President Donald Trump was guilty of obstruction would help arguments he did exactly the same in the Ukraine investigation. But reviving the controversy over the special counsel’s probe could blur the much clearer current abuse of power case and play into Trump’s claims that both Washington intrigues are all part of the same “hoax.” Such an accusation would not be based in fact, but it would surely increase the exposure of swing state Democratic House members already facing an existential vote over impeachment. [..]

Democrats provoked fresh speculation that they were moving towards admitting some Mueller evidence by scheduling a Judiciary Committee hearing for Monday with staffers from two committees: Intelligence, which investigated the Ukraine scandal, and Judiciary, which dealt with allegations of obstruction in the Mueller report. This followed comments by House Judiciary Committee Chairman Jerry Nadler, a New York Democrat, that could be taken as a hint that Democrats were examining the Mueller option. “President Trump welcomed foreign interference in the 2016 election. He demanded it for the 2020 election,” Nadler said in his committee’s opening impeachment hearing on Wednesday. “In both cases, he got caught. And in both cases, he did everything in his power to prevent the American people from learning the truth about his conduct.”

But in a situation as emotionally and politically fraught as an impeachment, confronting each action can provoke a politically damaging counter-reaction. Democrats who wanted to initiate impeachment proceedings against Trump after the release of the Mueller report failed to convince a critical mass of their own leadership that the case was sufficiently clear to the American people. That was one reason why Pelosi held out so long against rising pressure in her own caucus for an effort to oust the President, amid fears of a political backlash. In the CNN town hall, the speaker suggested that the Ukraine case was far more black and white. “It wasn’t so clear to the public,” Pelosi said, referring to Mueller’s findings.

“The Ukraine (situation) has removed all doubt, it was self-evident that the President undermined our national security, jeopardized the integrity of our election as he violated the oath of office.” The President and his supporters, perpetrating a massive disinformation campaign to create uncertainty and ambiguity about the Ukraine case, has been trying to brand it as an extension of the Mueller saga. Folding in the special counsel’s evidence could help do his work for him. For instance, in the first televised House Intelligence Committee hearing last month, the panel’s top Republican, Rep. Devin Nunes, told witnesses: “the main performance — the Russia hoax — has ended, and you’ve been cast in the low-rent Ukrainian sequel.”

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Turley of course is the one expert who disagreed with the three others.

• Democrats Offering Passion Over Proof In Trump Impeachment (Turley)

The most dangerous place for an academic is often between the House and the impeachment of an American president. I knew that going into the first hearing of the House Judiciary Committee on the impeachment of Donald Trump. After all, Alexander Hamilton that impeachment would often occur in an environment of “agitated passions.” Yet I remained a tad naive in hoping that an academic discussion on the history and standards of it might offer a brief hiatus from hateful rhetoric on both sides. In my testimony Wednesday, I lamented that, as in the impeachment of President Clinton from 1998 to 1999, there is an intense “rancor and rage” and “stifling intolerance” that blinds people to opposing views.

My call for greater civility and dialogue may have been the least successful argument I made to the committee. Before I finished my testimony, my home and office were inundated with threatening messages and demands that I be fired from George Washington University for arguing that, while a case for impeachment can be made, it has not been made on this record. Some of the most heated attacks came from Democratic members of the House Judiciary Committee. [..] As I stated Wednesday, I believe the Clinton case is relevant today and my position remains the same. I do not believe a crime has been proven over the Ukraine controversy, though I said such crimes might be proven with a more thorough investigation. Instead, Democrats have argued that they do not actually have to prove the elements of crimes such as bribery and extortion to use those in drafting articles of impeachment.

In the Clinton impeachment, the crime was clearly established and widely recognized. As I said 21 years ago, a president can still be impeached for abuse of power without a crime, and that includes Trump. But that makes it more important to complete and strengthen the record of such an offense, as well as other possible offenses. I remain concerned that we are lowering impeachment standards to fit a paucity of evidence and an abundance of anger. Trump will not be our last president. What we leave in the wake of this scandal will shape our democracy for generations to come. These “agitated passions” will not be a substitute for proof in an impeachment. We currently have too much of the former and too little of the latter.

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More Mueller.

• Pelosi Pursues Articles Of Impeachment Against Trump (R.)

Warning that U.S. democracy is at stake, House of Representatives Speaker Nancy Pelosi directed a congressional committee on Thursday to draft articles of impeachment against President Donald Trump, a historic step setting up a fight over whether to oust him from office. In a dramatic televised statement, Pelosi accused the Republican president of abusing his power and alluded to Britain’s King George III, the monarch against whom the American colonies rebelled in forming the United States in 1776, saying that in the United States, “the people are the king.” “Our democracy is what is at stake. The president leaves us no choice but to act because he is trying to corrupt, once again, the election for his own benefit. The president has engaged in abuse of power, undermining our national security and jeopardizing the integrity of our elections,” said Pelosi, the top Democrat in Congress.

At the heart of the Democratic-led House’s impeachment inquiry is Trump’s request that Ukraine launch an investigation targeting Joe Biden. The former vice president is a top contender for the Democratic nomination to face Trump in the 2020 presidential election. “Sadly, but with confidence and humility, with allegiance to our founders and our heart full of love for America, today I am asking our chairman to proceed with articles of impeachment,” Pelosi said. She had opened the investigation in September. She was referring to Jerrold Nadler, whose House Judiciary Committee has the responsibility of drawing up the formal charges that would later be voted on by the full House. Two people knowledgeable about the process said the panel could draft and recommend the articles of impeachment to the House as early as Dec. 12.

[..] Judiciary Democrats said the report by former Special Counsel Robert Mueller documenting Russian interference in the 2016 election could be part of testimony they hear on Monday from a committee lawyer, who is presenting evidence along with a Democratic lawyer from the House Intelligence Committee. Republican committee lawyers are also expected to testify. Including material from Mueller’s report in an article of impeachment would demonstrate a pattern of behavior involving foreign interference in U.S. elections, House Judiciary Democrat Pramila Jayapal said.

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Talk about a swamp. Giuliani is talking to Ukraine people. Not sure where that fits in.

• Ukraine Fires Prosecutor Investigating Burisma And Hunter Biden (CDMedia)

Ukraine has fired the prosecutor investigating cases involving Hunter Biden and Burisma and has transferred responsibility to the Soros-controlled ‘National Anti-Corruption Bureau’ (NABU) for disposal. This is the same NABU led by Artem Sytnyk who was caught on tape bragging about helping the Clinton campaign in its effort to discredit Donald Trump during the 2016 election. Konstantin Kulik was fired from the General Prosecutor’s Office on November 22 due to corruption charges against him. Sources for CD Media describe the firing as being political in nature, as a way to ‘tidy up’ any loose ends regarding Biden and Burisma, to keep the information from the public eye during the ‘impeachment’ campaign in the United States.

They describe Victor Trepak (New Deputy General Prosecutor), Deputy Prosecutor General Vitaly Kasko, and Sytnyk as being under the control of the George Soros/Deep State infrastructure in-country. Trepak was involved in the infamous ‘black ledger’ in the Manafort affair, which is now considered to be fake. The State Bureau of Investigation may be headed by Deputy Prosecutor General Viktor Trepak it was reported by “Ukrainian Truth” with reference to sources, reported Ukrainian news outlet GordonUA.com. “Soros and the Democrats appointed their agents of influence to the General Prosecutor’s Office (Kasko and Trepak). They put Sytnyk in NABU and Kholodnitsky in SAP (Special Prosecutor) in order to destroy the evidence of corruption of the Democrats in Ukraine and to continue the process of the country’s rape with impunity. They are corruption. If they put Trepak, the author of the ‘black ledger’, as the head of the State Bureau of Investigation, then the process of covering up their crimes will be completed,” declared a confidential intelligence source in Ukraine.

In an interview with the Ukrainian news outlet Babel, Kasko discusses the development of Kulik’s firing. According to him, the National Bureau of Investigation will deal with almost all of the cases that Kulik conducted: “All the cases that Kulik was involved in are currently being inventory. In 99 percent of cases, NABU will deal with them. This is a good body to put an end to and clarify what actually happened in these matters. “

Read more …

End the Fed.

• Fed Goes Hog-Wild with T-Bills, But Repos Drop and MBS Shrink by $22 Bn (WS)

The total amount of repurchase agreements (“repos”) on the Fed’s balance sheet as of December 4, released today, declined to $209 billion, from $215 billion a month ago. These repos included: • $70 billion in overnight repos, issued on Wednesday morning that unwound today; all prior overnight repos had already unwound. • $88 billion in multi-day repos with maturities of up to two weeks; • $50 billion in 42-day repos; of which $25 billion were issued on November 25 and $25 billion on December 2. They will unwind early next year. Before the repo market blew out in mid-September, the repos on the Fed’s balance sheet were zero. This chart shows the weekly balances of repos on the Fed’s balance sheet as of each Wednesday:

In these “repo operations,” the Fed buys Treasury securities, mortgage-backed securities issued by Fannie Mae and Freddie Mac, and government “Agency” securities, under an agreement whereby the counter parties have to repurchase those securities on a set date at a set (higher) price. The interest rate is determined by the difference between the price the Fed buys the securities at, and the pre-set higher price it sells the securities back to the original counter party. [..] The Fed has stated many times that it wants to get rid of its holdings of MBS. And it’s progressing with the plan. In November, the Fed shed $22 billion in MBS, exceeding the self-imposed cap of $20 billion per month for the seventh month in a row. Over the past seven months, it has shed $160 billion in MBS, or about $22.8 billion a month on average. Its holdings are now down to $1.42 trillion, below where they had first been in November 2013:

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Big Brother appears inevitable.

• Filmmakers Sue To Shield Visitors To US From Social Media Vetting (IC)

A filmmaker working on a documentary that’s critical of U.S. policies. A writer who operates a pseudonymous Twitter account to evade an authoritarian regime in their home country. An activist who uses Facebook to organize protests at the U.S.-Mexico border. These are the kinds of people who might not want U.S. immigration agents poring over their social media profiles before deciding whether they should be allowed into the country. Yet that’s exactly what the State Department now requires as part of the Trump administration’s “extreme vetting” of millions of visa applicants. As of May, people who need a visa to enter the U.S. have to disclose any social media handles they’ve used over the past five years on 20 platforms, from Instagram and Twitter to YouTube and Weibo (the Chinese microblogging service).


If they don’t, their visas could be denied. Two U.S.-based documentary film organizations filed suit on Thursday in federal court in Washington, D.C. to challenge the policy, arguing that it will have a chilling effect on the filmmakers they work with. Along with the Knight First Amendment Institute at Columbia University and the Brennan Center for Justice at New York University Law School, the International Documentary Association and Doc Society are suing the State Department and the Department of Homeland Security because their international members are “concerned that their political views will be used against them during the visa process.” “They self-censor to avoid being associated with controversial ideas or sensitive topics,” the complaint states. The nonprofit groups surveyed over 100 international filmmakers and found that “a significant majority said it would chill their speech online.”

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“We’re going to protest for a week at least, and at the end of that week it’s the government that’s going to back down…”

• French Strike Against Macron Reforms Enters Day Two (R.)

France faced a second day of travel chaos, shuttered schools and understaffed hospitals on Friday as unions said they would be no let-up in a strike against Emmanuel Macron’s pension reforms until the president backed down. Much of France ground to a halt on Thursday as transport workers went on strike – joined by teachers, doctors, police, firemen and civil servants – while smoke and tear gas swirled through the streets of Paris as some protests turned violent, leading to dozens of arrests. On Friday there were heavy cancellations of rush-hour trains into Paris and 10 out of 16 metro lines were closed while others ran limited services.


Traffic jams totaling more than 350 kilometers clogged the main roads in and around the capital, according to traffic app Styadin, as many commuters took to their cars. Rail workers extended their strike through Friday, while unions at the Paris bus and metro operator RATP said their walkout would continue until Monday. “We’re going to protest for a week at least, and at the end of that week it’s the government that’s going to back down,” said 50-year-old Paris transport employee Patrick Dos Santos. The strike pits Macron, a 41-year-old former investment banker who took office in 2017 on a promise to open up France’s highly regulated economy, against powerful unions who say he is set on dismantling worker protections.

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With 6 days left, what’s the use?

• UK’s Labour Accuses BBC Of Bias In Election Coverage (R.)

Labour’s co-campaign coordinator Andrew Gwynne said they had recorded numerous examples where his party’s leadership had received “more negative treatment, harsher scrutiny and slanted editorial comment” than Prime Minister Boris Johnson’s Conservatives. “That bias has been reflected in the framing, content and balance of BBC reporting during the campaign,” Gwynne wrote in a letter to the BBC’s Director General Tony Hall. “If the Conservatives are allowed to ‘play’ or manipulate the BBC, and this behavior goes unchecked, then the corporation will have effectively been complicit in giving the Conservative Party an unfair electoral advantage.”

The broadcaster, which is funded by a tax on all television-watching households and regularly faces accusations of bias from across the political spectrum, is bound by strict rules to ensure impartiality. “The BBC will continue to make its own independent editorial decisions, and is committed to reporting the election campaign fairly, impartially and without fear or favor,” a BBC spokesman said. Labour, trailing the Conservatives by about 10 points in opinion polls before the Dec. 12 vote, are particularly unhappy that Johnson has not agreed to be interviewed by veteran journalist Andrew Neil, who has already subjected the other major party leaders to tough questioning.

Labour said they had agreed to the Neil interview on the understanding that Johnson had also signed up. “Instead, the BBC allowed the Conservative leader to pick and choose a platform through which he believed he could present himself more favorably and without the same degree of accountability,” Gwynne said. On Thursday, having just interviewed the head of the Brexit Party Nigel Farage on BBC TV at prime-time, Neil issued an on-air challenge to Johnson to appear before him. He also detailed a series of questions he would ask, focusing on whether Johnson could be trusted over campaign promises.

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Ready for prime time TV. If Boris is MIA, just broadcast this.

• Andrew Neil Tells Johnson “It’s Not Too Late” For Election Interview (BBC)

The BBC’s Andrew Neil says he wants to quiz Boris Johnson about whether he can be trusted. The Conservative leader is – so far – the only main party leader not to submit to an election grilling on BBC One.

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Great story. Who has the movie rights?

• Leak Confirms Turkey’s “Gold-For-Gas” Scheme To Evade US Sanctions On Iran (ZH)

We first started noticing major ‘odd’ exports of gold from Turkey to Iran in May 2012. Turkey’s trade balance fluctuated wildly as gold stocks flowed out of the country in bursts. “Turkey’s going to continue it,” the Turkish economy minister said. “If those casting aspersions on the gold trade are searching for immorality, they should take a look in the mirror.” Then, in 2014, we discussed Turkey’s “200 tons of secret gold” trade with Iran detailing how a complex network that spanned Turkey, China, Dubai and Iran was used to skirt US sanctions on energy exports from Iran. The operation featured an Iranian-born businessman who liked fast horses, faster cars and the fastest planes.

His unique skill: Getting gold into sanctions-encircled Iran. Enough gold that for a time he became the government’s key instrument in improving Turkey’s irksome economic imbalance. At the time, the plot revealed what one observer called, “one of the most complex illicit finance schemes [prosecutors] have seen.” In 2017, the man at the center of the scheme, Reza Zarrab, was arrested (and briefly disappeared) and was tied to Turkey’s president. “Zarrab is thought to have been close to the Erdogan family and, indeed, he was given Turkish citizenship, alongside Iranian. This is a real stress point.”

Zarrab pleaded guilty in October 2017 and turned against Mehmet Hakan Atila – a director at Turkey’s Halkbank – who was convicted on Jan. 3, 2018, and after serving a total 32 months behind bars was returned to Turkey and has since become the head of the Istanbul stock exchange. And since then “one of the biggest money-laundering schemes ever” has disappeared from the headlines… until now. Thanks to a massive leak of more than a million documents from a British offshore shell company provider, think Panama Papers 2.0, we now learn exactly how Iran’s national oil company and its subsidiaries hopscotch the globe, with the help of intermediaries, in search of tax havens that help it try to wriggle free from the grip of crippling U.S.-led sanctions.

Read more …

We’ll end humanity yet.

• BPA Chemical Levels In Humans Drastically Underestimated (G.)

Humans are probably being exposed to far more of a widely used dangerous chemical – found in plastics, canned goods and receipt paper – than previously understood, according to a new study. The analysis, in the peer-reviewed scientific journal the Lancet, uses a new method for evaluating exposure to BPA, or bisphenol-A. BPA disrupts hormones critical to many body functions and is linked with obesity and other diseases. Pregnant women who are exposed to it are more likely to have children who have problems with growth, behavior and fertility, as well as a higher cancer risk. Many companies have phased out using BPAs, marketing new products with similar replacement bisphenols as safer without sufficient evidence for their claims, experts say.


The new research examined levels of BPA in urine but also counted the metabolites of BPA. Metabolites are formed when the body breaks down and eliminates a chemical. Using the new method, the scientists analyzed the urine of 29 pregnant women in their second trimester and found their BPA exposure levels to be an average of 44 times higher than what was measured with the traditional method. Patricia Hunt, a co-author of the study who is a molecular biosciences professor at Washington State University, said she was “horrified” by the high levels her group found in the pregnant women.

Read more …

 

 

 

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Debt Rattle November 30 2019

Nov 302019
 
 November 30, 2019  Posted by at 10:10 am Finance Tagged with: , , , , , , , , ,  9 Responses »


Dorothea Lange Hoe culture in the South. Poor white, North Carolina July 1936

 

• China Shouldn’t Risk West’s Large Monetary Easing Of Last Decade – PBOC (SCMP)
• EU Watchdog Tells Banks To Get A Grip On Costs, Merge Or Close (R.)
• But US “Energy Independence” is More Complicated (WS)
• Black Friday Is Dying (ZH)
• Democrats Have A Better Choice Than Impeachment (CNN)
• Adam Schiff’s Goat Rodeo (Jim Kunstler)
• Telling The Truth Becomes A Crime (RT)
• Jeffrey Epstein Is Dead But His Legal Legacy May Have Years To Run (G.)
• Report On Jeremy Corbyn Inaccurate, Says BBC Trust (BBC)

 

 

China supports in different ways.

• China Shouldn’t Risk West’s Large Monetary Easing Of Last Decade – PBOC (SCMP)

The economic problems created by the aggressive monetary policy easing undertaken by Western central banks in response to the global financial crisis a decade ago are a clear warning to China not to go down the same path to combat its current economic slowdown, according to an official from the central bank. China, instead, should use the institutional advantages unique to China to address the country’s economic problems, Zhang Xuechun, deputy director of the People’s Bank of China’s research bureau, said on Friday. The central bank is under continuous domestic pressure to cut its interest rates further and faster to help stabilise economic growth, which is expected to drop below 6 per cent in the fourth quarter this year and fall further next year.


Coming only days ahead of the Central Economic Work Conference, which will set the government’s economic policy priorities for 2020, the comments send the strong signal that the PBOC believes an expansion of fiscal policy and continued economic restructuring, rather than monetary loosening, should play the leading roles in combating the economic slowdown next year. “We must learn the lesson from developed countries that relied heavily on quantitative easing,” said Zhang, citing asset bubbles, the widening of the wealth gap and rising international currency and trade competitions as the negative consequences of those policies. “When we face downward [economic] pressures from shifting to high-quality growth and external uncertainties, monetary policy should not leap forward alone,” Zhang said.

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Not looking good. Let’s do another bailout.

• EU Watchdog Tells Banks To Get A Grip On Costs, Merge Or Close (R.)

Banks in the European Union could close branches, merge or leave the market to reverse a “bleak” outlook for profitability, the bloc’s banking watchdog said on Friday. The European Banking Authority’s (EBA) sixth annual dive under the bonnet of top banks found that the average capital ratios for lenders – a key measure of financial health – was 14.4% in June, little changed from the previous year. The percentage of poorly performing loans on bank books has fallen to an average of 3%, down from 3.6% a year earlier, but the return on equity worsened to 7% from 7.2%, still below the average cost of equity, the EBA said. “There are hardly any clear catalysts for an improvement in bank profitability that appear on the horizon,” the EBA said in its report.


“Low profitability limits banks’ capacity to generate capital organically and to fund loan growth as well as to pay dividends.” Only 28% of listed EU banks trade with a price-to-book ratio of more than 1 or where market value exceeds net assets, the EBA said. The equivalent for U.S. banks is 81%. Banks need to streamline operating expenses to lift profitability, such as by merging with a rival or leaving the market if they can’t generate sustainable profits, it said. Deutsche Bank is among European lenders seeking to boost their financial health and this week sold $50 billion in unwanted assets to Goldman Sachs as part of a lengthy restructuring.

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Shale distorts.

• But US “Energy Independence” is More Complicated (WS)

US exports of crude oil and petroleum products – this includes gasoline, diesel, jet fuel, naphtha, and many others – exceeded imports in September by 89,000 barrels a day, the EIA reported today, and so the US became a “net exporter” of crude oil and petroleum products for the first time on a monthly basis in the EIA’s data going back to 1973:

The US has exported petroleum products – gasoline, diesel, heating oil, naphtha, propane, etc. – for a long time. This is the business some refineries are in. They buy crude oil from wherever they can get it, including other countries, and sell refined product to customers in the US and other countries. For example, California produces some crude oil and gets some crude oil by tanker from Alaska and some by oil train across the Rockies. But there is no oil pipeline across the Rockies. So refineries in California, including in the San Francisco Bay Area, also import some of their crude oil from other countries, refine it, and then sell gasoline, diesel, and other petroleum products to other countries largely in Latin America.


Texas, the largest oil-producing state in the US, faces a still more complex landscape, with its enormous crude-oil production, its large refinery operations, pipelines connecting oil producers in the state to refineries in other states, and its import and export terminals, via which it both imports and exports various grades of crude oil and all kinds of petroleum products, depending on market conditions and other factors. In other words, some of the crude oil that the US imports is then re-exported as value-added finished petroleum products, such as motor gasoline and diesel. And so imports of crude oil exceed exports of crude oil, given that the US imports some of the crude oil for the purpose of re-exporting it as refined products. But this difference between imports and exports of crude oil has been plunging as well, to 3.4 million barrels per day in September:

[..] US production of crude oil and petroleum products has spiked from 6.8 million barrels per day in 2008 to 17.5 million barrels per day in September, largely due to the ramp-up in shale oil production. Shale wells can also produce large quantities of gases that are counted separately as gas. These production figures here are just crude oil and petroleum products:

In 2019 so far, at least 33 oil and gas drillers in the US have filed for bankruptcy. Since January 2015, over 200 have filed for bankruptcy. Others are now jostling for position at the bankruptcy filing counter.

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What are we going to do without consumerism?

• Black Friday Is Dying (ZH)

Black Friday is undergoing a transformative period where consumers are ditching brick-and-mortar stores for online shopping. Reuters noted Friday, that traffic volumes at stores across the country on Thanksgiving eve were soft — and it’s likely the trend will continue through the weekend. Another report via KeyBanc Capital Markets found traffic “somewhat muted at malls” during Thanksgiving and Black Friday. KeyBanc’s analyst Edward Yruma attributed the decline to more online sales. KeyBanc’s note said Gap, Banana Republic, Express and Zara offered 50% discounts, but that still wasn’t enough to attract shoppers. Though traffic was steady at Walmart, Target, and Lululemon.

As of noon, Salesforce.com observed online sales of $7.4 billion on Black Friday, 16% higher than a year ago. “It speaks to the fact that we’re amidst this digital transformation that’s happening for both the consumers and the retailers,” Rob Garf, vice president of industry strategy and insights at Salesforce, told Bloomberg. Some other possible reasons behind the weak turn out could be due retailers already offered an entire month of aggressive sales leading up to Black Friday. There are often limitations of how much a consumer can purchase as credit card rates soar to 25-year highs. The National Retail Federation (NRF) polled consumers earlier this month who said most of their shopping has already been done, many of whom took advantage of the deals leading up to Black Friday.


[..] There’s also evidence that the US economy is rapidly slowing and the US consumer is pulling back on spending as a recession could be nearing. The chart below shows the industrial recession has likely transmitted weakness into the consumer, which could produce a rather weak holiday spending period.

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After 1001 reports on impeachment, CNN changes course.

• Democrats Have A Better Choice Than Impeachment (CNN)

The evidence is mounting daily that President Donald Trump may have committed an impeachable offense in withholding aid to Ukraine as he sought an investigation that would aid his reelection campaign. But with our polarized political system and split party control of Congress — many think impeachment is inevitable in the House, but conviction unattainable in the Senate — we need an alternative to impeachment. And luckily we have one. After amassing the testimony and preparing for the articles of impeachment, the House could change course and introduce a resolution for censure of the President. In it, they would recite all the behavior that would go into articles of impeachment.

But instead of Trump’s removal from office as a remedy, it would essentially place the impeachment process in abeyance until the House can determine whether it will be able to hear from additional key witnesses. This is a viable option for many reasons. As the Democrats make their point that the President’s behavior is unacceptable, the Republicans and the President continue to say that this impeachment inquiry is just another desperate attempt by Democrats to get Trump out of the White House after Robert Mueller’s investigation. So far, several key witnesses have refused to come forward to testify, and some, like John Bolton, have gone to federal court to determine if they must comply with congressional subpoenas over and above a White House order not to testify. A federal judge ruled this week that there is no blanket immunity for officials from a congressional subpoena, but the administration is appealing the ruling.


This will take time that the House does not seem willing to wait for. Even more concerning, though, is that after this process runs its course, it will be extremely difficult as a practical matter for the House to go through an impeachment process for anything the President does in the future, at least in the current term. It is unlikely the populace would stand for another round of divisive impeachment proceedings, as an ongoing matter, unless there is an extremely serious and obvious charge. [..] A censure would issue a formal warning: This is unacceptable behavior for a president, but we will not remove you from office this time. However, pending further testimony or should there be any instance of further wrongdoing, the appropriate remedy is removal from office. Ideally, the Senate would also adopt a resolution of censure, though support for Trump and the politics of the upcoming election would suggest that that is highly unlikely.

Read more …

“..the US Intel Community organized a coup to overthrow the improbable President Trump.”

• Adam Schiff’s Goat Rodeo (Jim Kunstler)

I wonder if some great fatigue of the mind has set in among the class of people who follow the news and especially the tortured antics of Rep. Adam Schiff’s goat rodeo in the House intel Committee the past month. I wonder what the rest of congress is detecting among its constituents back home during this holiday hiatus. I suspect it is that same eerie absence of chatter I noticed, and what it may portend about the nation’s disposition toward reality. The dead white man Arthur Schopenhauer (1788 – 1860) famously observed that “all truth passes through three stages: first, it is ridiculed; second, it is violently opposed; and third, it is accepted as self-evident.”

America has been stuck in stage two lo these thirty-six months since Mr. Trump shocked the system with his electoral victory over She-Whose-Turn-Was-Undoubted, inciting a paroxysm of rage, disbelief, and retribution that has made the Left side of the political transect ridiculous, and repeatedly, ignominiously so, as their fantasies about Russian “collusion” and sequential chimeras dissolve in official proceedings. The astounding failure of Mr. Mueller’s report did nothing to dampen the violent derangement. There was no rethinking whatsoever about the terms-of-engagement in the Left’s war against the populist hobgoblin. The solidarity of delusion remained locked in place, leading to Mr. Schiff’s recent antics over his false “whistleblower” and the enfilade of diplomatic flak-catchers tasked to ward off any truthful inquiry into events in Ukraine.


But then, with the Thanksgiving shut-down, something began to turn. It was signaled especially in the Left’s chief disinformation organ, The New York Times, with a week-long salvo of lame stories aimed at defusing the Horowitz report, forthcoming on December 9. The Times stories were surely based on leaks from individuals cited in the IG’s report, who were given the opportunity to “review” the briefs against them prior to the coming release. The stories gave off an odor of panic and desperation that signaled a crumbling loss of conviction in the three-year narrative assault on the truth — namely, that the US Intel Community organized a coup to overthrow the improbable President Trump.

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“If Assange gets extradited to the United States and if he gets punished for exposing the truth, then essentially what’s happening is that telling the truth becomes a crime.”

• Telling The Truth Becomes A Crime (RT)

An array of public figures, among them a retired British ambassador and the UN Special Rapporteur on Torture, again threw their weight behind Julian Assange, predicting the launch of a massive campaign in his support next year. Pundits, public figures and Julian Assange’s supporters flocked to an event called ‘Free the Truth’ in London. The Ruptly video agency filmed the exhibition of posters decrying Assange’s imprisonment, as well as artworks inspired by him. “So many activists are coming together at a time when I feel there’s been a real change in public sentiment,” Craig Murray, a former UK ambassador to Uzbekistan who now campaigns for the renowned publisher, commented.


Despite the lack of coverage or biased coverage in mainstream media, there is now an understanding that Julian is being extradited to the United States for nothing except for publishing the truth. He’s confident that next year “we will see one of the largest campaigns [in support of Assange] of our time.” It’s extremely important to draw attention to the founder of the WikiLeaks website, because “we are about to set a precedent,” warned Nils Melzer, a United Nations Special Rapporteur on Torture. If Assange gets extradited to the United States and if he gets punished for exposing the truth, then essentially what’s happening is that telling the truth becomes a crime.

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Years more of Prince Andrew. They’re going to ship him off to Australia or some place.

• Jeffrey Epstein Is Dead But His Legal Legacy May Have Years To Run (G.)

The legal fallout from Jeffrey Epstein’s arrest for sex trafficking and subsequent suicide in jail is likely to go on for years, ensuring that those caught up in the saga – like Prince Andrew – will face scrutiny and negative headlines for years to come. Federal authorities in the US have repeatedly said that the investigation into the sex trafficking case is ongoing, raising the prospect of a lengthy multi-pronged and international inquiry into the wealthy financier’s jet-set lifestyle. There is already one criminal prosecution in relation to Epstein’s death: two Manhattan correctional center guards were indicted for allegedly trying to hide their failure to check on him in his cell the night he killed himself.

About one dozen accusers have also filed lawsuits against the convicted sex offender’s estate, and more litigation is likely, ensuring a multitude of legal cases wending their way through the courts. Finally the whereabouts of Epstein’s alleged procurer, Andrew’s friend and British media heiress Ghislaine Maxwell, remain unknown, sparking a global guessing game about one of the key figures in Epstein’s life. None of this is good news for the Duke of York, whose bumbling BBC Newsnight interview – in which he denied sexual activity with Epstein’s then 17-year-old accuser, Virginia Giuffre – has resulted in chaos for the royal family.


While the disgraced prince has now been removed from public duties, the Epstein affair seems virtually endless for him, both in time and scope, and is likely to make any return to prominence difficult, when at any moment a new wrinkle in the case might spur more bad headlines and tricky legal questions. Those wanting answers are unlikely to get them immediately. The wheels of justice can be grindingly slow, experts told the Guardian. “It’s complicated in knowing when the Epstein cases will come to a close, because we do not yet know all of the cases – both criminal and civil – that could find their way into the courts,” said attorney Robert Gottlieb, who has practiced criminal defense for more than four decades.

Read more …

Edit reports through cut and paste so people look bad. Only took 4 years to investigate.

• Report On Jeremy Corbyn Inaccurate, Says BBC Trust (BBC)

The BBC broke accuracy and impartiality rules in a News at Six report about Jeremy Corbyn’s view on shoot-to-kill, the BBC’s governing body has said. The item, by BBC political editor Laura Kuenssberg, was shown three days after the Paris attacks in November 2015. A viewer complained that the report misrepresented the Labour leader’s position on the use of lethal force in the event of such an attack in the UK. BBC News director James Harding said he disagreed with the BBC Trust’s ruling. In the News at Six report, Kuenssberg said she had asked Mr Corbyn “if he were the resident here at Number 10 whether or not he would be happy for British officers to pull the trigger in the event of a Paris-style attack”.

He was seen to reply: “I am not happy with a shoot to kill policy in general. I think that is quite dangerous and I think can often be counter-productive.” The actual question Kuenssberg had asked during the interview was: “If you were prime minister, would you be happy to order people – police or military – to shoot to kill on Britain’s streets?” The previous question in the interview, in a section that was not used on the News At Six, he had been asked specifically about his response to a Paris-style attack if he was prime minister and whether he would “order security services onto the street to stop people being killed”. In answer to that question, Mr Corbyn had replied: “Of course you’d bring people onto the streets to prevent and ensure there is safety within our society.”


The BBC Trust said the BBC “was wrong in this case to present an answer Mr Corbyn had given to a question about ‘shoot to kill’ as though it were his answer to a question he had not in fact been asked”.

Read more …

 

 

 

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Pulp Fiction Media

Sep 102019
 
 September 10, 2019  Posted by at 1:43 pm Finance, Primers Tagged with: , , , , , , , , , , ,  11 Responses »


Pablo Picasso Composition “Peasants” 1906

 

It’s undoubtedly better to leave some stories alone, and this may be one of them. Putin’s spokesman Dmitry Peskov perhaps put it best when he called it “pulp fiction” (and what’s more American than that?). But this one is so exemplary of how the news is cooked up for you these days, let’s have a go anyway.

What makes this story so ideal for its purpose is that it involves intelligence and state secrets, so the news outlet that runs it doesn’t have to prove a thing; it can simply say it’s not authorized to divulge what it doesn’t write, while hinting it does know. Plus, it can use any number of covert sources.

But in the process, a damning picture can still be painted. And if that picture involves Donald Trump, and it’s CNN that’s painting it, well, we know what it’s going to look like. Here’s how it started at CNN yesterday (with some additions from today):

 

US Extracted Top Spy From Inside Russia In 2017

In a previously undisclosed secret mission in 2017, the United States successfully extracted from Russia one of its highest-level covert sources inside the Russian government, multiple Trump administration officials with direct knowledge told CNN. A person directly involved in the discussions said that the removal of the Russian was driven, in part, by concerns that President Donald Trump and his administration repeatedly mishandled classified intelligence and could contribute to exposing the covert source as a spy.

The decision to carry out the extraction occurred soon after a May 2017 meeting in the Oval Office in which Trump discussed highly classified intelligence with Russian Foreign Minister Sergey Lavrov and then-Russian Ambassador to the US Sergey Kislyak. The intelligence, concerning ISIS in Syria, had been provided by Israel. The disclosure to the Russians by the President, though not about the Russian spy specifically, prompted intelligence officials to renew earlier discussions about the potential risk of exposure, according to the source directly involved in the matter.

At the time, then-CIA Director Mike Pompeo told other senior Trump administration officials that too much information was coming out regarding the covert source, known as an asset.[..]

Asked for comment, Brittany Bramell, the CIA director of public affairs, told CNN: “CNN’s narrative that the Central Intelligence Agency makes life-or-death decisions based on anything other than objective analysis and sound collection is simply false. Misguided speculation that the President’s handling of our nation’s most sensitive intelligence—which he has access to each and every day—drove an alleged exfiltration operation is inaccurate.”

[..] White House press secretary Stephanie Grisham said, “CNN’s reporting is not only incorrect, it has the potential to put lives in danger.”

The removal happened at a time of wide concern in the intelligence community about mishandling of intelligence by Trump and his administration. Those concerns were described to CNN by five sources who served in the Trump administration, intelligence agencies and Congress. Those concerns continued to grow in the period after Trump’s Oval Office meeting with Kislyak and Lavrov. Weeks after the decision to extract the spy, in July 2017, Trump met privately with Russian President Vladimir Putin at the G20 summit in Hamburg and took the unusual step of confiscating the interpreter’s notes.

Afterward, intelligence officials again expressed concern that the President may have improperly discussed classified intelligence with Russia, according to an intelligence source with knowledge of the intelligence community’s response to the Trump-Putin meeting. Knowledge of the Russian covert source’s existence was highly restricted within the US government and intelligence agencies. According to one source, there was “no equal alternative” inside the Russian government, providing both insight and information on Putin.

 

Pretty bad, right? Well, we’re not done just yet. Here’s the BBC adding its two cents:

 

US Extracted High-Level Spy From Inside Russia In 2017, Reports Say

Russian media named the spy as former presidential administration official Oleg Smolenkov. The Kommersant newspaper said Mr Smolenkov went on holiday with his family to Montenegro in 2017 and disappeared, before a man with the same name and a woman with the same name as Mr Smolenkov’s wife purchased a house in the US state of Virginia, near Washington DC. Russian reports said Mr Smolenkov had worked for Yury Ushakov, a senior aide to President Putin.

Asked by the BBC on Tuesday about the reports, Kremlin spokesman Dmitry Peskov confirmed that Mr Smolenkov had worked for the presidential administration but denied that he had held a high-level position, adding that he had been sacked. Mr Peskov described the US media coverage of the reported extraction as “pulp fiction”.

There was no suggestion on Tuesday that President Trump directly compromised the source in Russia, and reports said that widespread media speculation about US intelligence conclusions had contributed to the decision to extract the source. Last year, Russian operatives travelled to England and used a nerve agent in an assassination attempt against a former Russian military intelligence officer, Sergei Skripal, who had spied for the British.

 

Isn’t it just lovely how they manage to throw in Skripal there at the end? Took a bit of stretching, but the BBC is plenty flexible.

Okay, so this alleged spy is extracted (or “exfiltrated”) by US intelligence, and then buys a home in Virginia. But not only that, he buys it under his own name. Presumably so that if Putin wants to find the man who divulged all those secrets for 10 years+, he can just Google him. Here’s NBC:

 

Possible Russian Spy For CIA Now Living In Washington Area

A former senior Russian official is living in the Washington area under U.S. government protection, current and former government officials tell NBC News. NBC News is withholding the man’s name and other key details at the request of U.S. officials, who say reporting the information could endanger his life. Yet the former Russian government official, who had a job with access to secrets, was living openly under his true name.

An NBC News correspondent went to the man’s house in the Washington area and rang the doorbell. Five minutes later, two young men in an SUV came racing up the street and parked immediately adjacent to the correspondent’s car. The men, who identified themselves only as friends of the Russian, asked the correspondent what he was doing there.

[..] The [New York] Times said the source was “the American government’s best insight into the thinking of and orders” from Putin, and was key to the CIA’s assessment that Putin favored Donald Trump’s candidacy and personally ordered the hacking of the Democratic National Committee.

The Times previously reported that the source was considered so sensitive that then-CIA Director John Brennan had declined to refer to the person in the top secret Presidential Daily Brief during the final months of the Obama administration. Brennan sent reports from the source to the president and a small group of top national security aides in a separate, white envelope to assure its security, the Times reported.

[..] NBC News has not confirmed that the Russian living near the nation’s capital fed the CIA information about Russian election interference. But for reasons that NBC News is withholding, he fits the profile of someone who may have had access to information about Putin’s activities and who would have been recruitable by American intelligence officials.

Two former FBI officials told NBC News they believe he is the source referred to in the CNN and New York Times report. The Russian will likely be moved from the place he is currently living in the interest of keeping him safe, current and former officials said.

 

He will be moved in the interest of keeping him safe. That is just brilliant. What, you think Putin will be upset at no longer being able to Google his whereabouts?

To remain fair, let’s give RT some space, too, shall we?

 

Was Key CIA Spy ‘Extracted’ From Moscow Over #Russiagate Fears?

Media outlets in Russia immediately began speculating as to the identity of the alleged mole, quickly settling on Oleg Smolenkov, state advisor of the third class who had worked at the Russian embassy in Washington before 2010. Smolenkov took his wife and three children on vacation to Montenegro on July 14, 2017, whereupon they vanished without a trace. The police have been investigating their disappearance as possible murder.

[..] Russian Senator Franz Klintsevich, deputy head of the Defense and Security Committee, dismissed CNN’s story as “fake” and “carrying out orders for another attempt to discredit Trump,” according to TASS. Most of the US mainstream media outlets spent the past three years promoting the notorious ‘Russiagate’ conspiracy theory on behalf of the Democrats, and have refused to acknowledge any wrongdoing even though special counsel Robert Mueller failed to find anything to incriminate the president after a two-year investigation.

Moreover, CNN and MSNBC have hired a number of former intelligence officials, whose fingerprints have been all over ‘Russiagate,’ as anti-Trump pundits.

 

John Brennan, James Clapper, here’s looking at you. There was no need today to read much further in order to find out that the secret info Trump is accused of divulging to “the Russians” had already been published first by no other than…CNN on March 31 2017. There was no secret. Other than perhaps, says Aaron Maté, that Israel was the source. But trust us, Putin would have known that.

After the Mueller report fiasco, one would think the media who don’t like Trump would be more careful with their reporting, and before reporting it. But they just keep at it.

In the process, as quoted above, through their false reporting and false claims, it’s they who are endangering lives, not Donald Trump:

Brittany Bramell, the CIA director of public affairs, told CNN: “CNN’s narrative that the Central Intelligence Agency makes life-or-death decisions based on anything other than objective analysis and sound collection is simply false. Misguided speculation that the President’s handling of our nation’s most sensitive intelligence—which he has access to each and every day—drove an alleged exfiltration operation is inaccurate.” [..]

White House press secretary Stephanie Grisham said, “CNN’s reporting is not only incorrect, it has the potential to put lives in danger.”

It’s not just the White House, the CIA itself says it too.

Asking for a friend: You think the country’s still capable of having a normal conversation?

 

 

 

 

Debt Rattle January 16 2019

Jan 162019
 
 January 16, 2019  Posted by at 10:45 am Finance Tagged with: , , , , , , , , , , , ,  11 Responses »


Pablo Picasso Women running on the beach 1922

 

• Theresa May Faces No Confidence Vote After Historic 230-Vote Defeat (Ind.)
• The People Want A Final Say – Whatever The Papers Say (Ind.)
• Market Reaction To Theresa May’s Brexit Defeat Is Over-Optimistic (Coppola)
• Expect A Wild Ride For The British Pound – Steve Keen (RT)
• EU States Escalate No-Deal Brexit Preparations After May Defeat (G.)
• Time For Playing Games On Brexit Over – German Foreign Minister (R.)
• China Vows Tax Cuts, More Public Spending To Halt Economic Slowdown (G.)
• Rosenstein, DOJ Explore Ways To More Easily Spy On Journalists (Solomon)
• Here Is A List Of All The Good Things Trump Did For Russia (MoA)
• Russian Security Chief Calls BBC A ‘Fake News Factory’ (RT)
• Putin Slams FYROM Name-Change Deal (K.)
• Canada Sees No Cancer Risk From Monsanto’s Roundup Weed Killer (RT)
• EU Glyphosate Approval Was Based On Plagiarised Monsanto Text (G.)
• Immediate Fossil Fuel Phaseout Could Arrest Climate Change (G.)

 

 

It’s either the biggest loss ever, or the biggest since 1924. And still May doesn’t want to step down. Someone must force her. Send her the bill.

• Theresa May Faces No Confidence Vote After Historic 230-Vote Defeat (Ind.)

Brexit has been dealt a hammer blow after Theresa May’s plans fell to the biggest ever Commons defeat and Jeremy Corbyn launched a bid to topple her government within 24 hours. Even Downing Street insiders admitted being shocked by the scale of the rout, which sent shockwaves across the English Channel and saw critics brand her deal “dead”. In total, 118 of the prime minister’s own MPs refused to back the withdrawal agreement she spent 19 arduous months negotiating with Brussels. Labour leader Mr Corbyn branded the result “catastrophic” and immediately said he would table a motion of no confidence, which Ms May must win on Wednesday to avoid a general election.

The prime minister will simultaneously begin a desperate scramble to save her deal, meeting senior parliamentarians from across the political spectrum to see what changes she might seek to win support. But sources from both the pro-EU and Eurosceptic wings of the cabinet admitted to The Independent in the aftermath, that a softer Brexit was now a more likely outcome. Ms May’s spinners had briefed that they hoped to limit the number of Tory MPs opposing her to double digits, with many people thinking Conservative opposition would weaken as the big moment approached. But there were gasps as the result was read out – 432 votes against and just 202 for – making it a bigger margin of defeat than the previous comparable loss suffered by Labour’s Ramsay MacDonald in 1924.

Read more …

The Independent had two headlines for this piece. The other one was: “Despite the views of the right-wing press, the British people still want a Final Say on Brexit”. Because they’re just one the papers themselves. Also interesting: they talk about “Her Majesty’s Press”. What a curious view of the media that is.

• The People Want A Final Say – Whatever The Papers Say (Ind.)

Judging by the polling evidence, a small but consistent majority of people favour a second referendum to resolve the current crisis over Britain’s relationship with Europe. The divergence between this and the house views of most traditional media outlets is quite striking. Of the national titles, only The Independent has given its unequivocal support to such an outcome, although The Guardian has come close with its call for “people’s assemblies” that it admitted could very well lead to a fresh poll. The remainder have either backed May’s deal, with more or less tepidity, or a no deal – with the exception of the Daily Mirror, which is in tune with the Labour leadership’s desire for a general election that probably won’t resolve anything and, as things stand, is unlikely to happen.

The London-centric media is often said to be “out of touch” with the world outside the M25. I’d suggest that the gulf has seldom been as wide as it is today, at least on this issue. Whichever way you look at it, the views of such a substantial portion of the British population have one only one, or perhaps two, outlets in what one might describe as the mainstream media. That could be considered worrying. It surely can’t be a good thing at such a polarised time that such a substantial portion of the population is being ignored by the majority of Her Majesty’s press – even though it is probably true that many if not most readers of the right-leaning titles (including The Sun, the Daily Express, the Daily Mail and the The Daily Telegraph) would, on balance, reject a Final Say referendum on Theresa May‘s Brexit deal.

Read more …

“It’s time to buy the pound,” said Deutsche Bank’s analysts..

• Market Reaction To Theresa May’s Brexit Defeat Is Over-Optimistic (Coppola)

Theresa May has just suffered the heaviest defeat of any U.K. Prime Minister for a century. Her Brexit deal was resoundingly rejected by the House of Commons. More than twice as many lawmakers voted against the deal as for it, including over a hundred members of her own party. Previous prime ministers that have suffered such humiliation have resigned. But not Mrs. May. Her deal is dead in the water, but she intends to struggle on. Though it is not clear where she goes from here, or even for how long she will survive. Tomorrow, she faces a vote of no confidence. If she loses it, her government will fall. You would think that all this drama would elicit a strongly negative response from markets, wouldn’t you?

A run on the pound, perhaps? After all, May’s previous gaffes and humiliations caused sterling’s exchange rate to fall. Not a bit of it. The pound rose on the news that May’s horrible deal had been resoundingly defeated. On Twitter, Jamie McGeever of Reuters reported that both Deutsche Bank and Nomura were going long sterling. “It’s time to buy the pound,” said Deutsche Bank’s analysts: “Prime Minister May lost tonight’s UK parliamentary vote on her Brexit deal by a larger margin than expected – 432 votes to 202. Notwithstanding, after more than two years since the UK triggered Article 50 to leave the EU and over eighteen months of negotiations, a positive Brexit resolution is finally in sight.”

Read more …

Steve doesn’t agree with Deutsche: “In general, I think the pound will be at least 30 percent lower than it had been..”

• Expect A Wild Ride For The British Pound – Steve Keen (RT)

As the British Parliament voted down Prime Minister Theresa May’s Brexit plan on Tuesday, analysts expect more losses for sterling amid uncertainty over how the UK’s eventual withdrawal from the EU will take shape. Professor of Economy, Steve Keen who is the author of Debunking Economics, told RT that it’s hard to say how the vote will affect the British currency but added “definitely, expect a wild ride,” while the markets are “completely dominated with speculation.” “With speculators gambling one can’t actually say whether it will have impact one way or the other,” he said. “In general, I think the pound will be at least 30 percent lower than it had been,” Keen said, explaining “I think it is overvalued and that makes British manufacturing uncompetitive…”

The professor also said that if the break with the European Union happens the pound will fall in value but “overall it won’t be a good thing or a bad thing” because it is already seriously overvalued. The British currency has been sliding since 2008, well before the Brexit referendum. According to Keen, that means that Britain has some other serious economic problems. “The main problem the British have had is that they made a mistake 40 years ago deciding to go with services rather than manufacturing.” He explained that Britain is now running a substantive deficit compared to Germany which is running a gigantic balance of trade surplus. “So, that is the key problem for the British economy and it really has almost nothing to do with Brexit,” Keen said.

Read more …

The costs are already running in the many billions. Who will pay, the UK?

• EU States Escalate No-Deal Brexit Preparations After May Defeat (G.)

European Union capitals were ramping up their preparations to minimise the chaos and disruption of a possible no-deal Brexit after Theresa May’s plan was crushed by MPs. With 72 days until the UK is due to leave the EU, the Belgian prime minister, Charles Michel, met cabinet ministers on Tuesday to discuss their top priorities for a package of emergency Brexit laws that he wants to present to parliament before the end of February. The Belgian government has told businesses and citizens that a no-deal Brexit could lead to the imposition of up to €2.2bn in extra tariffs on goods and the loss of more than 40,000 jobs. In France, which has already passed its no-deal contingency legislation, the Europe minister, Nathalie Loiseau, stressed that no further concessions could be expected from the bloc.

“It’s up to the British parliament and the British government to have a back-up plan in case,” Loiseau told reporters at the European parliament in Brussels. “It’s no longer up to us – we have given everything we can give.” The Spanish government this week launched an online information service for citizens and businesses, including advice on how to prepare for a no-deal Brexit. It has also drafted a decree enabling it to enact no-deal contingency provisions drawn up by the European commission. [..] The EU’s executive last month unveiled bare-bones plans to keep planes in the air and money flowing should the UK crash out, saying it would take all necessary steps to limit the fallout from the ensuing disruption for its members.

A temporary nine-month regime would allow UK airlines to fly to the continent and back (but not between EU cities), EU banks to clear transactions in the City of London, British trucks to deliver goods into the EU, and vital data to be shared. The bloc can terminate this regime unilaterally. [..] The Netherlands, home to Europe’s largest port in Rotterdam, aims to have hired more than 900 extra customs officials by the end of the year – one-third of them by the time Britain plans to leave the EU on 29 March – as well as 150 vets and other scientists for checks on food, plant and animal products. Along with the Belgians, French and Danish, the Dutch have launched comprehensive Brexit impact assessment schemes allowing companies to analyse their specific no-deal risks based on business sector and relationship with the UK.

Read more …

German car exports are down some 10%. They would not like losing UK sales.

• Time For Playing Games On Brexit Over – German Foreign Minister (R.)

With the clock ticking ahead of Britain’s scheduled exit from the European Union at the end of March, German Foreign Minister Heiko Maas said on Wednesday the “time for playing games” was over after London’s rejection of a withdrawal agreement. Maas said further talks would almost certainly be needed after Britain’s parliament voted down the exit deal worked out between London and the bloc over the past two years. “The time for playing games is over,” Maas told Deutschlandfunk radio, adding that the EU would deal “constructively” with any British request to delay the departure date. German economy minister Peter Altmaier said that the EU would look at any fresh proposals London made, but said the substance of the deal was non-negotiable.

But umbrella groups representing German industry, whose cross-border supply chains stand to be hit by the imposition of a hard customs border between Britain and the continent, were less conciliatory. Martin Wansleben, head of the German Chambers of Commerce, warned that the political uncertainty now made planning almost impossible and that German companies were already starting to build inventory in preparation. German auto makers would start asking whether it was worth investing in Britain, he added. “The House of Commons has missed an opportunity to avert a hard Brexit and lay the foundations for close ties to the EU,” said Carl Martin Weicker, head of machine tools association VDMA.

“It is simply irresponsible that the British governing coalition is still trying to reach a unified position 10 weeks before the exit deadline,” he added.

Read more …

China’s like Japan: deperate attempts to stimulate domestic demand fail miserably. You can’t force people to consume, and the more you try, the more suspicious they become, causing them to halt spending.

• China Vows Tax Cuts, More Public Spending To Halt Economic Slowdown (G.)

China has vowed to take action to support its slowing economy with a package of tax cuts for small businesses and higher public spending. Officials said they would cut taxes “on a larger scale” in order to boost business activity, announced against a backdrop of disappointing industrial production figures and the first drop in car sales for almost three decades. The interventions, designed to soothe concerns among international investors, come after official figures on Monday revealed a 4.4% decline in exports in December – the biggest drop since 2016 – on the back of faltering demand in most of its key markets. Imports also fell by 7.6% as domestic appetite waned.

China has been embroiled in a trade dispute with the US, which has put a handbrake on global trade. Although Beijing and Washington are edging closer to a deal, concerns remain the dispute could be reignited. Financial markets around the world rallied after the announcement from Beijing, with the FTSE 100 closing up more than 40 points and gains on other stock markets elsewhere across Europe. The Dow Jones industrial average had gained about 90 points in afternoon trading in New York. While exact details of the stimulus package are yet to be unveiled, the Chinese finance ministry suggested the measures would include cutting value added tax for some companies, particularly in the manufacturing sector, as well as rebates for other businesses to ward off a more damaging slowdown.

Read more …

“Sources close to Whitaker say he will await final judgment but, in recent days, has developed reservations about proceeding with the plan…”

• Rosenstein, DOJ Explore Ways To More Easily Spy On Journalists (Solomon)

For months now, the Department of Justice (DOJ) quietly has been working on a revision to its guidelines governing how, when and why prosecutors can obtain the records of journalists, particularly in leak cases. The work has been supervised by Deputy Attorney General Rod Rosenstein’s office, especially since former Attorney General Jeff Sessions departed, but is not wrapped up. The effort has the potential to touch off a First Amendment debate with a press corps that already has high degrees of distrust of and disfunction with the Trump administration. Acting Attorney General Matt Whitaker is aware of the effort but has not been given a final recommendation. Sources close to Whitaker say he will await final judgment but, in recent days, has developed reservations about proceeding with the plan.

“After a lengthy period of turmoil and regular criticism from President Trump, DOJ has enjoyed a period of calm normalcy that has put employees’ focus back on their work and not the next tweet. Matt doesn’t want to disrupt that unless a strong legal case can be made,” a source close to the acting AG told me. The current guidelines have their origins back to a time when Bill Clinton was president and Janet Reno was attorney general, long before WikiLeaks was a twinkle in Julian Assange’s eye. They were designed to strike a balance between law enforcement’s investigative interests and the First Amendment rights of reporters.

[..] With Rosenstein signaling last week that he plans to step aside in a few weeks, palace intrigue has risen inside Justice about whether the rule changes will be finished and whether Whitaker might reject them. If not, a process begun under Sessions could drag into the tenure of a new attorney general. Trump has nominated William Barr for the job, which Barr held under President George H.W. Bush three decades earlier. According to my sources, the arguments for changing the rules emanate from the stresses that a massive increase in criminal leak investigations have placed on the DOJ.

Read more …

Moon of Alabama has a long list. Check it out.

• Here Is A List Of All The Good Things Trump Did For Russia (MoA)

Slate’s Fred Kaplan writes: “The Washington Post’s Greg Miller reported Sunday that President Donald Trump’s confiscation of the translator’s notes from a one-on-one conversation with Russian President Vladimir Putin in 2017 was “unusual.” This is incorrect. It was unprecedented. There is nothing like it in the annals of presidential history.” Not really. Other U.S. leaders held long private meetings with their counterparts without notes being taken. When Richard Nixon met Leonid Brezhnev he did not even bring his own interpreter: “Nixon would meet Brezhnev alone, the only other person in attendance being Viktor Sukhodrev, the Soviet interpreter. “Our first meeting in the Oval Office was private, except for Viktor Sukhodrev, who, as in 1972, acted as translator.” Nixon on Brezhnev’s 1973 visit. RN, p.878 .

Therefore, the only “notes” that would exist would be those of the Soviet interpreter. Not sure he would have time to make notes and translate and, even if he did so, whether those notes would be housed in any US archive. Nixon’s White House office was bugged. There are probably tape recordings of the talks. There might also be recordings of the Trump-Putin talks. At their 1986 Reykjavik summit Ronald Reagan and Mikhail Gorbachev talked without their notetakers: “Mr. Reagan and Mr. Gorbachev began their second day of talks with a private meeting that had been scheduled to last 15 minutes but ran for nearly 70 minutes, with only interpreters present. They met in a small room in the Soviet Mission, with the Soviet leader seated in a small armchair and Mr. Reagan on a sofa. In the afternoon, they meet alone for a little over 20 minutes and then again for 90 minutes. All told, the two leaders have spent 4 hours and 51 minutes alone, except for interpreters, over the two days here.”

The archives of the Reykjavik talks do not include any notes of those private talks. But, who knows, maybe Nixon and Reagan where also on the Russian payroll, just like Donald Trump is today. Only that Trump is controlled by Putin can explain why the FBI opened a counter-intelligence investigation against Trump (see section three). That the FBI agents involved in the decision were avid haters of Russia and of Trump has surely nothing to do with it. That the opening of a counter-intelligence investigation gave them the legal ability under Obama’s EO12333 to use NSA signal intelligence against Trump is surely irrelevant.

What the FBI people really were concerned about is Trump’s public record of favoring Russia at each and every corner. Trump obviously wants better diplomatic relations with Russia. He is reluctant to counter its military might. He is doing his best to make it richer. Just consider the headlines below. With all those good things Trump did for Putin, intense suspicions of Russian influence over him is surely justified.

Read more …

“Britain is not alone in its Russophobic policy. Except the nations with the same mindset mostly are in Eastern Europe.”

• Russian Security Chief Calls BBC A ‘Fake News Factory’ (RT)

Britain is a former empire trying to stay relevant in European affairs by becoming an anti-Russian champion, Nikolai Patrushev, a senior Russian security official, believes. British people see through this ruse, he said. Patrushev, the former head of the security service FSB, who currently chairs the Russian national security council, painted a highly unfavorable picture of modern Britain in an interview with Rossiyskaya Gazeta. He said the British establishment still cannot get over their country’s rapid transition from the world’s most-powerful empire to a nation subjugated by its former colony, the United States. Today the British leadership learns about the most important decisions taken in the White House from the media. Britain cannot remain even the leader of the Old World.

The continental Europe is tired of London’s arrogant one-sided policy, its outdated habit of trying to dictate terms to others. The Russian official said Britain is trying to preserve its diminishing influence by becoming Europe’s champion in an anti-Russian crusade, based on supposed common European values. This foundation however is false, Patrushev said. “Britain poses as a model democracy. But it’s not clear how it complies with the strict censorship in the British media, for example,” he said. “The BBC has pretty much become a fake news factory that the Britons themselves take with a smile,” Patrushev added. “Admittedly, Britain is not alone in its Russophobic policy. Except the nations with the same mindset mostly are in Eastern Europe.”

Read more …

The deal is designed to let FYROM enter NATO. Greek PM Tsipras has lost his coalition partner recently over it, and called a confidence vote this week. All for NATO.

• Putin Slams FYROM Name-Change Deal (K.)

Russian President Vladimir Putin has criticized the name deal between Greece and the Former Yugoslav Republic of Macedonia (FYROM) suggesting it is part of a campaign to increase western influence in the Balkan region. In an interview with Serbia’s Vecernje Novosti newspaper Tuesday ahead of his scheduled visit to the country later this week, Putin said that the so-called Prespes accord had been enforced from outside against popular will in a bid to draw the country into the NATO military alliance. In the same interview, the Russian president said the United States were destabilizing the Balkan peninsula by “asserting their dominant role” in the region.

Also on Tuesday, Moscow dismissed Greece’s accusation that it was meddling in its internal affairs but insisted it will express its opinion about the Prespes agreement to the United Nations Security Council. “We are in no way meddling in Greece’s internal affairs, but Russia will be expressing its point of view on the issues within the competence of the UN Security Council,” said Russia’s Deputy Foreign Minister Alexander Grushko. Grushko said the Russian Foreign Ministry statement was a fundamental assessment of “how negotiations [between Athens and Skopje] had proceeded.” He said the West’s interference was unprecedented and was aimed at achieving quite clear geopolitical goals.

Read more …

Canada is for sale. And Monsanto has plenty cash.

• Canada Sees No Cancer Risk From Monsanto’s Roundup Weed Killer (RT)

Canadian farmers will continue using glyphosate after Health Canada concluded that the active ingredient in Monsanto’s Roundup weed killer poses no human risks. The federal agency dismissed eight notices of objection and assertions made in the so-called Monsanto Papers in 2017. “After a thorough scientific review, we have concluded that the concerns raised by the objectors could not be scientifically supported when considering the entire body of relevant data. The objections raised did not create doubt or concern regarding the scientific basis for the 2017 re-evaluation decision for glyphosate,” Health Canada said in a press release.

The 2017 re-evaluation determined that glyphosate is not genotoxic and is unlikely to pose a human cancer risk. It also determined that dietary exposure associated with the use of glyphosate is not expected to pose a risk of concern to human health. When used according to revised label directions, glyphosate products are not expected to pose risks of concern to the environment, according to the study. Health Canada said it has selected a group of 20 of its own scientists who were not involved in the 2017 decision to evaluate the eight objections and the concerns raised publicly around glyphosate. The agency said its scientists “left no stone unturned in conducting” the review.

Read more …

What a surprise.

• EU Glyphosate Approval Was Based On Plagiarised Monsanto Text (G.)

EU regulators based a decision to relicense the controversial weedkiller glyphosate on an assessment plagiarised from industry reports, according to a report for the European parliament. A crossparty group of MEPs commissioned an investigation into claims, revealed by the Guardian, that Germany’s Federal Institute for Risk Assessment (BfR) copy-and-pasted tracts from Monsanto studies. The study’s findings have been released hours before a parliamentary vote on tightening independent scrutiny of the pesticides approvals process. The authors said they found “clear evidence of BfR’s deliberate pretence of an independent assessment, whereas in reality the authority was only echoing the industry applicants’ assessment.”

Molly Scott Cato, a Green MEP, said the scale of alleged plagiarism by the BfR authors shown by the new paper was “extremely alarming”. “This helps explain why the World Health Organization assessment on glyphosate as a probable human carcinogen was so at odds with EU assessors, who awarded this toxic pesticide a clean bill of health, brushing off warnings of its dangers,” she said. The study found plagiarism in 50.1% of the chapters assessing published studies on health risks – including whole paragraphs and entire pages of text. The European Food Safety Authority (Efsa), based its recommendation that glyphosate was safe for public use on the BfR’s assessment.

Read more …

But are we ready for no economy?

• Immediate Fossil Fuel Phaseout Could Arrest Climate Change (G.)

Climate change could be kept in check if a phaseout of all fossil fuel infrastructure were to begin immediately, according to research. It shows that meeting the internationally agreed aspiration of keeping global warming to less than 1.5C above pre-industrial levels is still possible. The scientists say it is therefore the choices being made by global society, not physics, which is the obstacle to meeting the goal. The study found that if all fossil fuel infrastructure – power plants, factories, vehicles, ships and planes – from now on are replaced by zero-carbon alternatives at the end of their useful lives, there is a 64% chance of staying under 1.5C.

In October, the IPCC said the difference between 1.5C of warming and the earlier international target of 2C was a significantly lower risk of drought, floods, heatwaves and poverty for hundreds of millions of people. Christopher Smith, of the University of Leeds, who led the research, said: “It’s good news from a geophysical point of view. But on the other side of the coin, the [immediate fossil fuel phaseout] is really at the limit of what we could possibly do. We are basically saying we can’t build anything now that emits fossil fuels.” Nicholas Stern, of the London School of Economics, who was not part of the research team, said: “We are rapidly approaching the end of the age of fossil fuels. This study confirms that all new energy infrastructure must be sustainable from now on if we are to avoid locking in commitments to emissions that would lead to the world exceeding the goals of the Paris agreement.”

[..] The study, published in the journal Nature Communications, used computer models to estimate by how much global temperatures would rise if a fossil fuel infrastructure phaseout began immediately. The lifespan for power plants was set at 40 years, cars an average of 15 years and planes 26 years. The work also assumes a rapid end to beef and dairy consumption, which is responsible for significant global emissions. In this scenario, the models suggest carbon emissions would decline to zero over the next four decades and there would be a 66% chance of the global temperature rise remaining below 1.5C. If the phaseout does not begin until 2030, the chance is 33%.

Read more …

Debt Rattle December 21 2018

Dec 212018
 
 December 21, 2018  Posted by at 10:42 am Finance Tagged with: , , , , , , , , , , , , , , ,  12 Responses »


Pieter Bruegel the Elder Hunters in the snow 1565

 

• Dow Drops 470 Points To 14-Month Low In Day 2 Of Big Losses After Fed Hike (CNBC)
• As Fear Rises On Wall Street, Strategists Warn The Worst Is Yet To Come (CNBC)
• US Defense Chief Mattis Quits As Trump Pulls From Syria, Afghanistan (AFP)
• House Passes Spending Bill With Border Wall Money, Senate Showdown Next (CNBC)
• China Denies ‘Slanderous’ Economic Espionage Charges From US Allies (R.)
• Russian Media Regulator Starts Checking Legality Of BBC’s Operations (R.)
• Gatwick Runway Reopens After Days Of Drone Disruption (G.)
• There’s A National Emergency All Right – But It Isn’t Brexit (G.)
• Germany’s Hidden Crisis – Social Decline In The Heart Of Europe (G.)
• Malaysia Seeks $7.5 Billion In Reparations From Goldman Sachs Over 1MDB (R.)
• Singapore Said To Expand 1MDB Criminal Probe To Include Goldman Sachs (BBG)
• Carlos Ghosn Re-Arrested On New Charges In Japan (BBC)
• New Tree Species Became Extinct Before It Was Named (Ind.)

 

 

Jay Powell pricks the bubbles. Painful and inevitable. But if he ever decides to lower rates again next year, look for the bubbles to return. That’s his dilemma.

• Dow Drops 470 Points To 14-Month Low In Day 2 Of Big Losses After Fed Hike (CNBC)

U.S. stocks swooned for a second day Thursday after the Federal Reserve raised benchmark interest rates and said that it would continue to let its massive balance sheet shrink at the current pace. Fears of a government shutdown also sent stocks tumbling to new lows Thursday afternoon. The Dow Jones Industrial Average fell 464.06 points to 22,859.6, bringing its two-day declines to more than 800 points and its 5-day losses to more than 1,700 points. The S&P 500 fell 1.5 percent to finish at 2,467.41 as technology stocks underperformed. The Nasdaq Composite fell 1.6 percent and closed at 6,528.41, briefly dipping into bear market territory amid big losses in Amazon and Apple.

The Nasdaq is 19.7 percent below its recent high. Companies in the S&P 500 have lost a total of $2.39 trillion in market cap this month. The Cboe Volatility Index — one of the market’s best gauges of marketplace fear — rose above 30. The Dow and Nasdaq posted their lowest closes since October 2017, while the S&P 500 finished at its lowest level since September 2017. The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 10 percent each this month. The S&P 500 is now in the red for 2018 by 7.7 percent.

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Yeah, all these experts. Who cares? There’s not nearly enough fear yet.

• As Fear Rises On Wall Street, Strategists Warn The Worst Is Yet To Come (CNBC)

“The market’s in no man’s land,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. Stocks have broken through the lows of the year, and technicians are scurrying to find the next support levels. On the S&P 500, he said 2,400 is a potential psychological area of support. The market plunged Thursday against the backdrop of a congressional feud with the White House over a continuing budget resolution, but the markets were more focused on the worries that have been festering over global growth and the potential for recession. “You can guarantee if the government shuts down it’s going to very soon reopen,” said Boockvar.

“This could be a carry through from yesterday, that’s legitimate. The problem now is this is the first time in years in this bull market that people are doing tax-loss selling. That’s helping to exaggerate the move. You’re also having redemptions.” Since the Fed announced its rate hike Wednesday, the Dow was down 815 points. The sharp drop in stocks since early October was unexpected and even more crushing recently, since December is typically a positive time for stocks. The 10 percent decline so far in the S&P 500 is its worst December performance since 1931. If it remains this way, it would the first time ever that December is the worst month of the year for the index.

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Have all those people who now say Mattis is the wisest and most balanced in the White House, forgotten why he’s called Mad Dog?

• US Defense Chief Mattis Quits As Trump Pulls From Syria, Afghanistan (AFP)

US Defense Secretary Jim Mattis resigned Thursday, leading a chorus of protests at home and abroad after President Donald Trump ordered a complete troop pullout from Syria and a significant withdrawal from Afghanistan. Trump steadfastly defended his sudden push for retrenchment, vowing that the United States would no longer be the “policeman of the Middle East” and saying the 2,000-strong US force in Syria was no longer needed as the Islamic State group had been defeated. Mattis, a battle-hardened retired four-star general seen as a moderating force on the often impulsive president, made little attempt to hide his disagreements with Trump.

“Because you have the right to have a secretary of defense whose views are better aligned with yours,” Mattis said in a letter to Trump, “I believe it is right for me to step down from my position.” Mattis hailed the coalition to defeat Islamic State as well as NATO, the nearly 70-year-old alliance between North America and Europe whose cost-effectiveness has been questioned by the businessman turned president. “My views on treating allies with respect and also being clear-eyed about both malign actors and strategic competitors are strongly held and informed by over four decades of immersion in these issues,” Mattis wrote. One day after the surprise announcement on Syria, a US official told AFP that Trump had also decided on a “significant withdrawal” in a much larger US operation – Afghanistan.

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No government into Christmas?

• House Passes Spending Bill With Border Wall Money, Senate Showdown Next (CNBC)

The House passed a temporary spending bill Thursday with money for President Donald Trump’s proposed border wall, further muddying the scramble to dodge a partial government shutdown by Friday. The chamber approved the measure to keep the government running into February by a 217-185 vote. But the path forward now is murky. The bill likely will not clear the Senate because it includes more than $5 billion for the border barrier, increasing the chances that funding for seven agencies lapses after the midnight Friday deadline. Senators were told Thursday to prepare for potential votes Friday. The chamber convenes at noon. The Senate unanimously approved a bill Wednesday night to keep the government running through Feb. 8 — without border wall money.

Trump insisted Thursday that he would not sign it. It forced House Republicans to include the wall money in the new bill. Both House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer have flatly said congressional Democrats will not approve wall money. As Republicans need Democratic votes to pass spending legislation in the Senate, a partial shutdown is all but assured if the GOP insists on funding for the barrier. It is unclear if Republicans will abandon that goal in an effort to keep the government running past Friday. During a televised Oval Office fracas last week, Pelosi challenged Trump by saying he did not have the votes for wall money in the House. It turns out he did.

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We can do it, but they can’t.

• China Denies ‘Slanderous’ Economic Espionage Charges From US Allies (R.)

China’s Foreign Ministry said on Friday it resolutely opposed “slanderous” accusations from the United States and other allies criticizing China for economic espionage, urging Washington to withdraw its accusations. The United States should also withdraw charges against two Chinese citizens, the ministry said, adding that China had never participated in or supported any stealing of commercial secrets and had lodged “stern representations” with Washington. “We urge the U.S. side to immediately correct its erroneous actions and cease its slanderous smears relating to internet security,” it said, adding that it would take necessary measures to safeguard its own cybersecurity and interests.

It has long been an “open secret” that U.S. government agencies have hacked into and listening in on foreign governments, companies and individuals, the ministry added. “The U.S. side making unwarranted criticisms of China in the name of so-called ‘cyber stealing’ is blaming others while oneself is to be blamed, and is self-deception. China absolutely cannot accept this.” U.S. prosecutors indicted two Chinese nationals linked to China’s Ministry of State Security intelligence agency on charges of stealing confidential data from American government agencies and businesses around the world. Prosecutors charged Zhu Hua and Zhang Shilong in hacking attacks against the U.S. Navy, the space agency NASA and the Energy Department and dozens of companies. The operation targeted intellectual property and corporate secrets to give Chinese companies an unfair competitive advantage, they said.

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More of the same: We can do it, but they can’t. The west wants to blame RT for all sorts of stuff beacuse that fits the Russophobe narrative.

• Russian Media Regulator Starts Checking Legality Of BBC’s Operations (R.)

Russia’s media regulator said on Friday it would carry out checks to determine if the BBC World News channel and BBC internet sites complied with Russian law, a move it described as a response to British pressure on a Russian TV channel. Roskomnadzor, the regulator, said in a statement its checks were Russia’s response to a decision by British media regulator Ofcom, which on Thursday said that Russian broadcaster RT had broken impartiality rules in some of its news and current affairs programs. “The results of our check will be announced separately,” the Russian regulator said. Ofcom said on Thursday it was considering imposing some kind of sanction on RT, which is financed by the Russian state.

It took issue in particular with its coverage of the poisoning in Britain of former Russian spy Sergei Skripal and his daughter. Britain has accused agents working for Russia’s military intelligence agency, the GRU, of committing the crime, an allegation Moscow denies. British Media Secretary Jeremy Wright also weighed in on Thursday, saying what he called RT’s mask as an impartial news provider was slipping. RT rejected Ofcom’s findings, saying Ofcom had ignored its explanations and not paid “due regard” to its rights. Commenting on the launch of the Russian investigation on Friday, Margarita Simonyan, RT’s editor-in-chief, said on Twitter that Ofcom had hinted that it planned to strip her channel of its broadcasting license in Britain. “(Welcome to the) brave new world,” she wrote.

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Days of panic due to one or two drones, at an airport that has just one runway to begin with?!

• Gatwick Runway Reopens After Days Of Drone Disruption (G.)

The first flights have resumed at Gatwick airport after a series of drone sightings caused days of disruption, affecting more than 100,000 passengers. Airlines warned customers to continue to check their flight’s status on Friday morning as the airport worked to “introduce a limited number of flights over the coming hours”. The runway had remained closed throughout Thursday night, forcing passengers to search for accommodation or shelter at the airport, and bringing demands for new aviation regulations to tackle the threat. The airport’s chief operating officer, Chris Woodroofe, said 120,000 passengers’ flights had been disrupted by the incident.

On Thursday night police said there had been more than 50 sightings of the drone in 24 hours from when the runway was first closed. Night-flight restrictions had been lifted at other airports, so “more planes could get into and out of the country”, the transport secretary, Chris Grayling said. “This is clearly a very serious ongoing incident in which substantial drones have been used to bring about the temporary closure of a major international airport,” he said. “The people who were involved should face the maximum possible custodial sentence for the damage they have done. The government is doing everything it can to support Sussex police.”

Shooting down the drone was being considered as a “tactical option” after other strategies to stop it had failed. Amid disbelief that the drone incident could be enough to bring one of the UK’s key airports to a standstill, the perpetrator or perpetrators eluded a search conducted by 20 units from two police forces in the surrounding area.

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Britain just stumbles from crisis to crisis, hidden from view by discussions about someone saying Stupid Woman.

• There’s A National Emergency All Right – But It Isn’t Brexit (G.)

[..] there is a world beyond Brexit. True, it lacks the frenzied drama of cabinet walkouts, prime ministerial straw-clutching or humiliation served cold in Brussels. But things still happen – it’s just that they haven’t won much attention. It has been a good month to bury bad news. So allow me to disinter some of the headlines deep inside the newspapers. Since we’re counting small things, let’s start with children. Last week it was reported that a primary school in Great Yarmouth had opened its own food bank. It was launched by the headteacher, Debbie Whiting, after she saw pupils under 11 so hungry they were stealing from others’ lunchboxes.

This week, more than half of teachers surveyed by the National Education Union expressed fears that some of their kids won’t have enough to eat this Christmas. They reported a boy turning up wearing his trousers back to front, in order to hide the holes in the knees, and a class where one in three children sleep in their uniforms because they have no pyjamas. If anything qualifies as a national emergency, it should be this. A new generation growing up without adequate food and clothing ought to be leading TV bulletins and shaming government ministers into action. What dominates instead is blue-on-blue match commentary, because Jacob Rees-Mogg is box office while poor people can be slipped in just before the “And finally”.

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“..of all German women in work only one in three earns the minimum wage…”

• Germany’s Hidden Crisis – Social Decline In The Heart Of Europe (G.)

The cover of Oliver Nachtwey’s book depicts a VW Beetle, emblem of Teutonic manufacturing prowess since Hitler’s day, driving off a cliff. Is the country that got used to imposing its values on feebler client nations – bailing out southern Europeans with their oversized public sectors, rampant tax avoidance and long lunches – in trouble? The Germany described by this Frankfurt School professor is a basket case – post-growth, post-democratic, with the first fascists in the Bundestag since the Third Reich. Despite being Europe’s richest country, it has higher numbers of working poor than any other EU state; almost one in four of its workers is paid less than the €9.30 (£8.40) minimum wage, many requiring state support.

Sociologist Ulrich Beck in the giddy 1980s called Germany an elevator society, in which millions of skilled workers upgraded from VWs to Audis and expected their children to rise still further in social status and wealth. The elevator may have seized up for a while after reunification, but only five years ago Germany seemed unstoppable. Every German, Beck thought, was in the same lift. No longer. Not only has downward mobility become more evident but the poor get poorer, the rich get richer, the older get tenure, the younger join the precariat. Sure, greater equality of opportunity means more women work than ever before, but of all German women in work only one in three earns the minimum wage.

“So while German women are more equal in terms of rights, inequality between women has never been greater than it is today,” Nachtwey argues. This is symptomatic of what he calls regressive modernisation and of the following paradox: “The more a society is based on equality of opportunity, the more unequal it becomes, and the more legitimate its inequalities”. Legitimate? The losers are perceived to be those who deserve to lose, the winners those who deserve to win. And the losers are the usual suspects – women, immigrants, those who have no qualifications. A Germany that once prided itself on social mobility, and whose sociologists once crazily imagined class distinctions were over, has become, in terms of class, as sclerotic as Britain.

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There’s a class action case looming as well.

• Malaysia Seeks $7.5 Billion In Reparations From Goldman Sachs Over 1MDB (R.)

Malaysia is seeking US$7.5 billion in reparations from Goldman Sachs over its dealings with scandal-linked state fund 1MDB, the Financial Times reported on Friday (Dec 21), citing the country’s finance minister. Malaysian prosecutors this week filed charges against Goldman Sachs in connection with its role as underwriter and arranger of three bond sales that raised US$6.5 billion for 1Malaysia Development Berhad (1MDB), the first criminal action against the US bank over the scandal. Goldman Sachs has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB lied to the bank about the proceeds of the bond sales.

In addition to the bonds’ total value, Goldman Sachs should also return US$1 billion to cover US$600 million in fees paid to the bank and bond coupons that were “higher than the market rate”, the FT quoted Malaysian finance minister Lim Guan Eng as saying. The three 10-year bonds carried coupons ranging from 4.4 per cent to 5.99 per cent. Lim also told the FT that reparations should at least be more than US$1.8 billion, the sum Goldman Sachs has told investors it had set aside to cover potential losses related to 1MDB legal proceedings. “Their figure is US$1.8 billion. Ours is US$7.5 billion,” Lim said. Goldman Sachs told the FT: “The 1MDB bond offerings were meant to raise money to benefit Malaysia; instead, a huge portion of those funds were stolen for the benefit of members of the Malaysian government and their associates.”

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The squid screwed up royally. But no-one at Goldman will be arrested.

• Singapore Said To Expand 1MDB Criminal Probe To Include Goldman Sachs (BBG)

Singapore has expanded a criminal probe into fund flows linked to scandal-plagued 1MDB to include Goldman Sachs, which helped raise money for the entity, people with knowledge of the matter said. Police in the city-state had been examining Goldman’s relationship with the Malaysian state investment company since at least late 2017, but until recently, the firm’s local unit itself wasn’t a focus of any investigation, said the people, asking not to be named discussing sensitive information.

Authorities are trying to determine whether some of the roughly $600 million in fees from the three bond deals Goldman arranged for 1MDB from 2012 to 2013 flowed to the Singapore subsidiary, they said. Singapore’s widened probe opens a potential new battle front for Goldman, less than a week after Malaysia filed the first criminal charges against the firm over a relationship that spawned one of the biggest scandals in its history. Singapore is coordinating closely with the U.S. Justice Department, which is also investigating Goldman and has filed criminal charges against two former senior bankers at the firm, the people said.

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He’s been at it for a while: “..prosecutors now accuse Mr Ghosn of shifting a private investment loss of over $16m onto Nissan in the wake of the 2008 financial crisis.”

• Carlos Ghosn Re-Arrested On New Charges In Japan (BBC)

Former Nissan chairman Carlos Ghosn has been re-arrested on fresh charges, Japanese media report, dashing any hopes he could be released on bail. Mr Ghosn has spent the last month in prison, accused of misusing funds and hiding $80m of income. But on Thursday a court rejected a request by the prosecution to extend his detention, which meant he could apply to be released on bail. Friday’s arrest is on a new charge of aggravated breach of trust. According to Japanese broadcaster NHK, prosecutors now accuse Mr Ghosn of shifting a private investment loss of over $16m onto Nissan in the wake of the 2008 financial crisis.

A towering and revered figure in the auto industry, Mr Ghosn has not yet responded to the latest allegation – but he has consistently denied all prior accusations made against him. He was first arrested in Tokyo in November as allegations of financial misconduct surfaced. The BBC’s Mariko Oi says that ever since Carlos Ghosn stepped off his private jet only to be taken into police custody, the case has gripped Japan with speculation rife over what could be behind such a stunning fall from grace. The case has been highly unusual – not least for a high profile chief executive to be spending time in jail – but also because of its legal twists such as yesterday’s when the court rejected an application to extend his detention..

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Animal species are much easier to worry over. Maybe that’s not all that smart.

“..at least six other studies failed to turn up any sign that the tree still exists. Tens of thousands of plant species globally face similar risks.”

• New Tree Species Became Extinct Before It Was Named (Ind.)

Scientists have identified a new species of tree that is thought to have become extinct before it was even named. The tree, which has now been called Vepris bali, is believed to have been unique to a forest reserve in west Africa, but forest clearing and agricultural development have wiped it out. Scientists are studying the vepris species for the antimicrobial and antimalarial properties of their essential oils. Researchers hope several other vepris trees will be identified and named in Cameroon before they also disappear. A specimen was collected by a forester, Edwin Ujor, in the Bali Ngemba Forest Reserve in Cameroon in 1951.

The specimen was thought to belong to the genus vepris, which has 80 species, mostly found across Africa. But the tree has not been seen anywhere since. Researchers from the Royal Botanic Gardens, Kew, and the country’s University of Yaoundé I examined the original specimens and used molecular phylogenetic studies to identify the new species. They say the tree is now either critically endangered or already extinct.

Repeated efforts to find the species between 2000 and 2004 and at least six other studies failed to turn up any sign that the tree still exists. Tens of thousands of plant species globally face similar risks. According to the International Plant Names Index, only about 5 per cent of all known species have ever been formally assessed for their extinction risk. The authors wrote: “This makes it a priority to discover, document and protect such species before they become globally extinct.” The Bali Ngemba Forest Reserve, an officially protected forest, is part of the Bamenda highlands, an area so denuded of its natural forest vegetation that it is now known in Cameroon as “the grasslands”.

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Debt Rattle August 28 2018

Aug 282018
 
 August 28, 2018  Posted by at 9:38 am Finance Tagged with: , , , , , , , , , , , , ,  17 Responses »


Vincent van Gogh Cypresses in starry night (reed pen) 1889

 

• Meadows: FBI/DOJ Leaked To Press, Used Articles To Obtain FISA Warrants (ZH)
• Lanny Davis Admits Being Source For CNN Trump Tower “Bombshell” (ZH)
• Trump Announces US-Mexico Trade Deal, Setting Stage For Nafta Overhaul (G.)
• Iran Says It Has Full Control Of Gulf And US Navy Does Not Belong There (R.)
• Theresa May Says A No-Deal Brexit ‘Wouldn’t Be The End Of The World’ (G.)
• Out In Left Field (Kunstler)
• Skripals – When the BBC Hide the Truth (Craig Murray)
• ‘Criminal’ Roger Waters Blacklisted By Ukraine Over Russian Interviews (RT)
• Greece Needs €4.7 Billion In Additional Tax Revenues To Reach Targets (K.)
• Children Attempting Suicide At Greek Refugee Camp (BBC)
• The Impending End Of Most Life On Earth (G.)

 

 

2nd special counsel, where are you?

• Meadows: FBI/DOJ Leaked To Press, Used Articles To Obtain FISA Warrants (ZH)

Freedom Caucus Chairman Mark Meadows (R-NC) dropped a late-night bombshell on Monday suggesting there’s evidence that the FBI and DOJ rigged their own FISA spy warrants by leaking information to the press, then using the resultant articles to obtain court authorization to surveil targets. “We’ve learned NEW information suggesting our suspicions are true: FBI/DOJ have previously leaked info to the press, and then used those same press stories as a separate source to justify FISA’s,” tweeted Meadows. Until now, we’ve known that the creator of the so-called Steele Dossier, former UK spy Christopher Steele, leaked information directly to Yahoo! News journalist Michael Isikoff – whose article became a supporting piece of evidence in the FBI’s FISA warrant application and subsequent renewals for Trump adviser Carter Page.

So while we’ve known that Steele seeded Isikoff with information from his dubious dossier, and that the FBI then used both Steele’s dossier and Isikoff’s Steele-inspired article to game the FISA system, Rep. Mark Meadows now says that the FBI/DOJ directly leaked information to the press, which they then used for the same type of FISA scheme. Strong evidence was discovered in January suggesting that former FBI employee Lisa Page leaked privileged information to Devlin Barrett, formerly of the Wall Street Journal and now with the Washington Post. Whether any of Barrett’s reporting was subsequently used to obtain a FISA warrant is unknown.

Meanwhile, Rep. Meadows’s Monday night tweet comes hours before twice-demoted DOJ employee Bruce Ohr is set to give closed-door testimony to the House Oversight Committee. Ohr was caught lying about his involvement with opposition research firm Fusion GPS co-founder Glenn Simpson – who employed Steele. Ohr’s CIA-linked wife, Nellie, was also employed by Fusion as part of the firm’s anti-Trump efforts, and had ongoing communications with the ex-UK spy, Christopher Steele as well.

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Cohen’s lawyer is the best thing that happened to Trump in ages.

• Lanny Davis Admits Being Source For CNN Trump Tower “Bombshell” (ZH)

On July 26th, CNN unleashed a “bombshell” report that Michael Cohen was claiming that candidate Trump knew in advance about the infamous 2016 Trump Tower meeting. Dropping this line in the middle of their story: “Contacted by CNN, one of Cohen’s attorneys, Lanny Davis, declined to comment.”Then, last week, amid the deafening euphoria of the ‘anti-Trump’-ers, Davis told Anderson Cooper: “I think the reporting of the story got mixed up in the course of a criminal investigation. We were not the source of the story.” Davis increasingly backed away from the story in recent days, telling the Washington Post that he is not certain if the claim is accurate, and that he could not independently corroborate it. Destroying CNN’s “bombshell” story, crushing the hopes of millions of ‘not my president’-ers.

As Buzzfeed notes, after Davis publicly backtracked from the claims, the New York Post and the Washington Post outed him as their confirming source and published apologies from Davis But, of course, CNN was giving up such a great story so easily (whether it’s true or fake news), and followed up anxiously by none other than Brian Stelter who gushed over Twitter in the face of Davis’ refutation of their entire story that: ” Re: CNN’s July 27 story about Cohen claiming that Trump knew in advance about the Trump Tower meeting: “We stand by our story, and are confident in our reporting of it.”” All of which brings up to date, safe in the knowledge that despite Davis’ denial that CNN’s story ever occurred, CNN has “a source” that confirmed it and that’s good enough for them.

BUT… Now, after all that pre-amble, double-talk, and utterly bullshit fake news reporting, Lanny Davis – who we perhaps need to remind readers once again is an extremely well-paid f**king lawyer and communications expert – has told Buzzfeed that he was the anonymous source in a July CNN story. Tonight, Davis told BuzzFeed News that he regrets both his role as an anonymous source and his subsequent denial of his own involvement. Davis told BuzzFeed News that he did, in fact, speak anonymously to CNN for its story, which cited “sources with knowledge” — meaning more than one person. “I made a mistake,” Davis said. Regarding his comments about a month later to Cooper, he added, “I did not mean to be cute.”

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Canada on hold.

• Trump Announces US-Mexico Trade Deal, Setting Stage For Nafta Overhaul (G.)

Donald Trump has said he will strike a new trade deal with Mexico while ripping up the North American Free Trade Agreement (Nafta) and threatening a trade war with Canada. “I’ll be terminating the existing deal and going into this deal,” the US president told reporters in the Oval Office on Monday. “We’ll be starting negotiating with Canada relatively soon. They want to negotiate very badly.” He added: “One way or the other, we have a deal with Canada. It’ll either be a tariff on cars or it will be a negotiated deal. Frankly, a tariff on cars is a much easier way to go but perhaps the other would be much better for Canada.”

Trump also said it might be possible to make a deal involving all three countries, like the 24-year-old Nafta pact, but that separate bilateral agreements are also a possibility. However, any trade deal would have to first be approved by Congress, and time is running out. Mexico’s President Enrique Peña Nieto will soon leave office and there is no guarantee his successor, Andrés Manuel López Obrador, will agree to the same terms. Nafta reduced most trade barriers between the US, Mexico and Canada. But Trump and other critics say it encouraged US manufacturers to move south of the border to exploit low-wage Mexican labour.

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They have a point.

• Iran Says It Has Full Control Of Gulf And US Navy Does Not Belong There (R.)

Iran has full control of the Gulf, and the U.S. Navy does not belong there, the head of the navy of Iran’s Revolutionary Guards, General Alireza Tangsiri, said on Monday, according to the Tasnim news agency. The remarks come at a time when Tehran has suggested that it could take military action in the Gulf to block oil exports of other regional countries in retaliation for U.S. sanctions intended to halt its oil sales. Washington maintains a fleet in the Gulf which protects oil shipping routes. Tangsiri said Iran had full control of both the Gulf itself and the Strait of Hormuz that leads into it. Closing off the strait would be the most direct way of blocking shipping.

“We can ensure the security of the Persian Gulf and there is no need for the presence of aliens like the U.S. and the countries whose home is not in here,” he said in the quote, which appeared in English translation on Tasnim. Tension between Iran and the United States has escalated since President Donald Trump pulled out of a 2015 nuclear deal between Iran and world powers in May and reimposed sanctions.

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Just the end of her.

• Theresa May Says A No-Deal Brexit ‘Wouldn’t Be The End Of The World’ (G.)

Theresa May claimed that a no-deal Brexit “wouldn’t be the end of the world” as she sought to downplay a controversial warning made by Philip Hammond last week that it would cost £80bn in extra borrowing and inhibit long-term economic growth. The prime minister conceded that crashing out of the European Union without a deal “wouldn’t be a walk in the park” but went on to argue that the UK could make an economic success of the unprecedented situation if it proved impossible to negotiate a satisfactory divorce. Her comments were designed to distance herself from pessimistic Treasury forecasts highlighted by the chancellor at the end of last week, predictions that incensed the Tory right and led to renewed calls from hard Brexiters for Hammond’s dismissal.

Speaking to reporters as she began a three-day trip to Africa, May cited and endorsed remarks about the Brexit situation made last week by Roberto Azevêdo, the director general of the World Trade Organisation, to justify a gentle rebuke of the chancellor. The prime minister said: “Look at what the director general of the World Trade Organisation has said. He has said about the no-deal situation that it will not be a walk in the park, but it wouldn’t be the end of the world. “What the government is doing is putting in place the preparation such that if we are in that situation, we can make a success of it, just as we can make a success of a good deal.”

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Huber. Remember the name.

• Out In Left Field (Kunstler)

With Russian “meddling” stalled in the dead letter office, The New York Times has apparently re-branded itself Floozie Central in its quixotic campaign to unseat the Golden Golem of Greatness by all means necessary. The Stormy Daniels affair, and its slime-trail of payoffs, is the slender thread that the Resistance hopes to hang Donald Trump on. The great legal minds of cable TV have been very busy trying to suss out which part of the $130,000 non-disclosure payoff might apply as a campaign financing violation. If Rudy Giuliani still had his wits about him, of course, he would claim that the money was just Ms. Daniel’s going rate for an overnight frolic amongst her legendary twin peaks, that is, a sex worker’s simple transaction fee.

Where does it say in the constitution that a president may not consort with tramps and hussies? It was hilarious to discover that Mr. Trump’s erstwhile personal lawyer, Michael Cohen, picked DC Swamp attorney and Clinton insider, Lanny Davis, to represent him in negotiations with Special Counsel Robert Mueller. It must be like the old days in the locker room of the Burning Tree Golf Club for Lanny and Bob. They go back at least to the days when the Clintons fended off accusations of issuing pardons to special friends for a $450,000 payoff on Bubba’s last day in office, January 19, 2001. And there must have been a reunion around 2010 on the Uranium One matter, in which a tidy $145-million from Russian Oligarch Central landed in the Clinton Foundation coffers after Madam Secretary Hillary signed onto a go-ahead with the U-1 deal.

Meanwhile, way out in Left Field — Salt Lake City, actually —a forgotten lone ranger named John W. Huber is ostensibly toiling away on a roster of allegations so far ignored by the Mueller team, namely the politicization of the FBI and the Department of Justice, and the actions taken deviously by senior employees there against Mr. Trump during and after the 2016 election. Mr. Huber was tapped to carry out this assignment by Attorney General Jeff Sessions late in 2017.

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BBC Newsnight correspondent Mark Urban met with Skripal multiple times in 2017.

• Skripals – When the BBC Hide the Truth (Craig Murray)

On 8 July 2018 a lady named Kirsty Eccles asked what, in its enormous ramifications, historians may one day see as the most important Freedom of Information request ever made. The rest of this post requires extremely close and careful reading, and some thought, for you to understand that claim. “Dear British Broadcasting Corporation, 1: Why did BBC Newsnight correspondent Mark Urban keep secret from the licence payers that he had been having meetings with Sergei Skripal only last summer. 2: When did the BBC know this? 3: Please provide me with copies of all correspondence between yourselves and Mark Urban on the subject of Sergei Skripal. Yours faithfully, Kirsty Eccles

The ramifications of this little request are enormous as they cut right to the heart of the ramping up of the new Cold War, of the BBC’s propaganda collusion with the security services to that end, and of the concoction of fraudulent evidence in the Steele “dirty dossier”. This also of course casts a strong light on more plausible motives for an attack on the Skripals. Which is why the BBC point blank refused to answer Kirsty’s request, stating that it was subject to the Freedom of Information exemption for “Journalism”.

“The information you have requested is excluded from the Act because it is held for the purposes of ‘journalism, art or literature.’ The BBC is therefore not obliged to provide this information to you. Part VI of Schedule 1 to FOIA provides that information held by the BBC and the other public service broadcasters is only covered by the Act if it is held for ‘purposes other than those of journalism, art or literature”. The BBC is not required to supply information held for the purposes of creating the BBC’s output or information that supports and is closely associated with these creative activities.”

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Fun.

• ‘Criminal’ Roger Waters Blacklisted By Ukraine Over Russian Interviews (RT)

Pink Floyd founder Roger Waters has found himself blacklisted by being added to the Ukrainian database of national enemies, after statements to Russian media about Crimea and the conflict in Ukraine. Waters, 74, is wrapping up his US+Them European tour with concerts in St. Petersburg and Moscow this week and spoke with several Russian outlets about both music and his political activism. The rock musician has been an outspoken champion of the Palestinian cause and a critic of Western-backed rebels in Syria. On Monday, however, his name appeared in the “purgatory” database of Mirotvorets (Peacemaker), maintained by people connected with Ukraine’s security and intelligence services and listing alleged enemies of the state.

The site says “criminal” Waters is responsible of “anti-Ukrainian propaganda, attacks on the territorial integrity of Ukraine [and] participation in attempts to legalize the Russian annexation of Crimea.” As proof, the site lists links to two interviews Waters gave to Russian media outlets RIA and Izvestiya, and quotes specifically a statement about the city of Sevastopol being Russian and important to Russians. Waters called “laughable” the idea of blaming Russia for the conflict in Ukraine and said the blame rests with Victoria Nuland, the senior State Department official for Europe and Eurasia during the Obama administration. [..] Waters also expressed concern about the US leadership, which he said does not seem to recognize any agreements and does whatever it wants. Such a policy will eventually get everyone killed, the rock star told Izvestiya, in an interview published Monday.

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Already grossly overtaxed.

• Greece Needs €4.7 Billion In Additional Tax Revenues To Reach Targets (K.)

The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses. These revenues are not expected to come only from economic growth but also from the imposition of new taxes, notably the trimming of the tax reduction from a current level of 1,900 euros to 1,250 euros – a change that will affect 6 million salaried employees and pensioners.

In 2018, direct taxes are projected to generate 17.4 billion euros, slightly less than the 17.7 billion of 2017. The reduction is entirely attributable to the fact that high tax rates result in an ever-increasing reduction of declared incomes. As for indirect taxes, they are expected to drop to 35.2 billion euros this year compared with 35.4 billion in 2017, while no significant change is expected for 2019, despite the projected economic growth. For 2020, tax revenues are expected to rise further when the government is seen reducing the tax-free threshold. It is indicative that revenues from direct taxes are seen rising to 18.40 billion euros that year, versus 17.43 billion in 2019.

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“..her family spend all day queuing for food at the camp and all night ready to run..”

• Children Attempting Suicide At Greek Refugee Camp (BBC)

At Moria camp on the Greek island of Lesbos, there is deadly violence, overcrowding, appalling sanitary conditions and now a charity says children as young as 10 are attempting suicide. The Victoria Derbyshire programme has been given rare access inside. “We are always ready to escape, 24 hours a day we have our children ready,” says Sara Khan, originally from Afghanistan. “The violence means our little ones don’t get to sleep.” Sara explains that her family spend all day queuing for food at the camp and all night ready to run – in fear of the fights that break out constantly. Conditions are so appalling that charities have actually left in protest.

The place smells of raw sewage, and there are around 70 people per toilet, according to medical charity Medecins Sans Frontieres (MSF). Some people live in mobile cabins, but rammed in-between them all are tents and tarpaulin sheets – homes for those who cannot obtain any official living space. The camp is also now sprawling into surrounding countryside. One tent houses 17 people – four families under one canvas. MSF says there are currently more than 8,000 people crammed into Moria camp, which was supposed to house 3,000. [..] The camp opened in 2015 and was initially designed as a transit post for people to stay for a matter of days – but some have been here for years.

It is controlled by the Greek government, and the overcrowding is because Greece is enforcing the EU’s “containment” policy, keeping people on the island rather than transferring them to the Greek mainland. It is part of the EU-Turkey deal which aims to return thousands of refugees to Turkey, and it has been in force since March 2016. From then to July 2018, according to EU figures, 71,645 new refugees arrived in Greece by sea and only 2,224 have been returned to Turkey. George Matthaiou, a Greek government press representative on Moria, concedes conditions are terrible, but blames the EU rather than Greece. “We don’t have the money. You know the situation of Greece, economically,” he says. “I want to help but I can do nothing, because the European Union closed the borders.”

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“I’m not going to write anymore because there’s nothing more that can be said..”

• The Impending End Of Most Life On Earth (G.)

We’re doomed,” says Mayer Hillman with such a beaming smile that it takes a moment for the words to sink in. “The outcome is death, and it’s the end of most life on the planet because we’re so dependent on the burning of fossil fuels. There are no means of reversing the process which is melting the polar ice caps. And very few appear to be prepared to say so.” Hillman, an 86-year-old social scientist and senior fellow emeritus of the Policy Studies Institute, does say so. His bleak forecast of the consequence of runaway climate change, he says without fanfare, is his “last will and testament”. His last intervention in public life. “I’m not going to write anymore because there’s nothing more that can be said,” he says when I first hear him speak to a stunned audience at the University of East Anglia late last year.

From Malthus to the Millennium Bug, apocalyptic thinking has a poor track record. But when it issues from Hillman, it may be worth paying attention. Over nearly 60 years, his research has used factual data to challenge policymakers’ conventional wisdom. In 1972, he criticised out-of-town shopping centres more than 20 years before the government changed planning rules to stop their spread. In 1980, he recommended halting the closure of branch line railways – only now are some closed lines reopening. In 1984, he proposed energy ratings for houses – finally adopted as government policy in 2007. And, more than 40 years ago, he presciently challenged society’s pursuit of economic growth.

[..] In 1971, 80% of British seven- and eight-year-old children went to school on their own; today it’s virtually unthinkable that a seven-year-old would walk to school without an adult. As Hillman has pointed out, we’ve removed children from danger rather than removing danger from children – and filled roads with polluting cars on school runs. He calculated that escorting children took 900m adult hours in 1990, costing the economy £20bn each year. It will be even more expensive today.

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