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Debt Rattle March 26 2023

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


Jasper Johns Map 1961

 

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

 

 

 

 

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https://twitter.com/i/status/1639775790698217472

 

 

 

 

ATF

 

 

GI bacteria

 

 

 

 

Greenwald

 

 

Bhakdi

 

 

Atlas

 

 

 

 

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

• Ukraine Not Ready For Offensive – Zelensky (RT)

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

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

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

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BBC=MSM

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

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

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

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

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

• Biden Downplays Russia-China Ties (RT)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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


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

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

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

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

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

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

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

Read more …

 

 

 

 

Hare

 

 

Horse power

 

 

Head lice

 

 


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

 

 

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

 

 

Otters
https://twitter.com/i/status/1639785211679457283

 

 

 

 

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Debt Rattle March 25 2023

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


David Hockney Nichols Canyon 1980

 

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

 

 

 

 

McAfee

 

 

 

 

Suramin
https://twitter.com/i/status/1639006754355683330

 

 

Remdesivir
https://twitter.com/i/status/1639319822667218944

 

 

Orthodox

 

 

Morons

 

 

 

 

 

 

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

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

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

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

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

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

Read more …

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

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

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

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

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

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

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

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

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

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

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

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

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


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

Conte

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

• Russia Warns Of Radioactive Disaster In Ukraine (RT)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Read more …

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

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

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

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

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

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

Read more …

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

• The Season is Here (Kunstler)

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

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

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

Read more …

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

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

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

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

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

Read more …

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

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

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

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

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

Read more …

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

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

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

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


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

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

Read more …

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

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

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

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

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

Read more …

 

 

 

 

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

 

 

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

 

 

Octopi

 

 

 

 

https://twitter.com/i/status/1639400762068582401

 

 

 

 

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Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar

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


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

Andrew Korybko:

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

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

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

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

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

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

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

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

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

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

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

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Tri-Multipolarity

Mar 042023
 
 March 4, 2023  Posted by at 1:05 pm Finance Tagged with: , , , , , , , ,  8 Responses »


Robert Capa Capucine, French model and actress, on a balcony, Rome 1951

Andrew Korybko:

The global systemic transition’s impending evolution towards tri-multipolarity could see the US-led West’s Golden Billion, the Sino-Russo Entente, and the de facto Indian-led Global South becoming the most prominent poles in International Relations, below which would be rising powers and regional groups. All actors would balance one another by multi-aligning within and between their respective levels, which might result in stabilizing global affairs much more than the prior unipolar and bi-multipolar orders did.

International Relations are hurtling towards tripolarity at an astounding pace as a result of the dramatic events that unfolded over the past year and especially the last month. Those readers who haven’t closely been following this megatrend might be taken aback by this assessment, hence the need for them to review the following analyses that’ll place everything into its appropriate context. After listing them, they’ll then be summarized for convenience before explaining what might soon come next:

The “New Détente”

To oversimplify the confluence of these complex trends, the US prioritized containing Russia in order to facilitate its containment of China, ergo the latest phase of the Ukrainian Conflict that it provoked via Moscow’s ongoing special operation there. Throughout the course of the NATO-Russian proxy war that followed, the US successfully reasserted its unipolar hegemony over the EU while destabilizing the globalized system upon which China’s grand strategy depends, thus giving it an edge over Beijing.

This in turn prompted President Xi to initiate an attempted “New Détente” during mid-November’s G20 Summit in Bali, during which time he hoped that China and the US could eventually reach a series of mutual compromises aimed at establishing a “new normal” in their ties. The purpose behind doing so was to delay the end of the bi-multipolar world order within which these two superpowers exerted the most influence over International Relations, which was challenged by India’s rise over the past year.

India’s Game-Changing Influence

That South Asian state became a globally significant Great Power during this time as a result of its masterful balancing act between the US-led West’s Golden Billion and the jointly BRICS– & SCO-led Global South of which it’s a part. Its kingmaker role in the New Cold War between them over the direction of the global systemic transition enabled the rest of the Global South to rise in India’s wake, thus revolutionizing International Relations by accelerating the emergence of tri-multipolarity.

The aforementioned sequence of events imbued the Sino-American “New Détente” with a sense of urgency since both superpowers had self-interested reasons for regaining joint control of these processes, though their attempted rapprochement was unexpectedly derailed by the balloon incident. The resultantly renewed influence of hardline factions over policymaking that occurred in the aftermath of that incident abruptly ended their incipient talks and placed them on the trajectory of intense rivalry.

China’s Grand Strategic Recalculations

In parallel with the abovementioned development, NATO declared that it’s in a so-called “race of logistics”/“war of attrition” with Russia, which implied that it’ll redouble its military support to Kiev even at the expense of meeting its own members’ minimum national security needs. Should that bloc succeed in making a breakthrough along the Line of Control (LOC), then it could catalyze the worst-case scenario of Russia’s “Balkanization” if those disadvantageous military-strategic dynamics spiral out of control.

Both President Putin and his predecessor Medvedev recently warned about that possibility, which remains unlikely for now but still can’t be discounted, thus contributing to China’s gradual recalibration of its approach to the NATO-Russian proxy war when coupled with the end of the “New Détente”. This directly led to the People’s Republic seriously considering the dispatch of lethal aid to its strategic partner in order to offset that worst-case scenario, thus prompting sanctions threats from the West.

“The Great Trifurcation”

In the event that China feels forced by NATO to aid Russia in such a way and the Golden Billion imposes sanctions against it in response, then it’s expected that a US-initiated Chinese-European “decoupling” along the lines of the prior US-initiated Russian-European one could potentially follow. Reuters’ exclusive report on Wednesday citing four unnamed US officials and other sources extended credence to the preceding scenario by revealing that the Golden Billion is indeed discussing multilateral sanctions.

Should those two developments take place – China arming Russia and then being sanctioned by the Golden Billion in a way that provokes their “decoupling” (whether gradual or instantaneous) – then International Relations would enter a period of tri-multipolarity characterized by the prominence of three poles that exert the most influence over global affairs, but whose influence nevertheless wouldn’t be absolute since it’ll be kept in check to an extent by rising powers and regional groups.

The Tri-Multipolar World Order

The three expected poles are the US-led West’s Golden Billion, the Sino-Russo Entente, and the de facto Indian-led Global South that’ll likely continue informally assembling into a new Non-Aligned Movement (“Neo-NAM”). Within the last-mentioned will reside rising powers like Brazil, Iran, South Africa, and Turkiye, among others, alongside regional groups like the African Union (AU), ASEAN, and the Community of Latin American and Caribbean States (CELAC).

Each of these three categories of actors – the three poles as well as the rising powers and regional groups that sit below the former in this informal international hierarchy – are expected to balance one another by multi-aligning within and between their respective levels. India’s role will be the most important of them all since it’s poised to facilitate trade between the Golden Billion and the Sino-Russo Entente in the event that their potential “decoupling” is taken to an extreme, which can’t be ruled out.

India’s Kingmaker Role

Furthermore, India’s earlier virtual hosting of the Voice Of Global South Summit positioned this civilization-state as the center of gravity for its fellow developing peers, which bolsters the likelihood that the Neo-NAM will continue informally assembling around it. From there, India can promote its own financial, technological, and other platforms in order to provide Global South states with a neutral third choice between the Golden Billion and the Sino-Russo Entente’s respective ones in the New Cold War.

Those rising powers and regional groups that participate within the unofficially Indian-led Neo-NAM could also develop their own platforms too, but India’s might become the standard for facilitating engagement between them at their early stages. In parallel, global fora like the UN and G20 will no longer have much significance other than functioning as talking clubs, while interests-driven and regional groups will replace their prior role in promoting tangible cooperation between countries.

Concluding Thoughts

The global systemic transition’s impending evolution towards tri-multipolarity could see the US-led West’s Golden Billion, the Sino-Russo Entente, and the de facto Indian-led Global South becoming the most prominent poles in International Relations, below which would be rising powers and regional groups. All actors would balance one another by multi-aligning within and between their respective levels, which might result in stabilizing global affairs much more than the prior unipolar and bi-multipolar orders did.

Background Briefings

* 7 October 2021: “Towards Bi-Multipolarity”

* 16 December 2021: “The Neo-NAM: From Vision To Reality”

* 15 March 2022: “Why Did The U.S. Prioritize Containing Russia Over China?”

* 26 March 2022: “Russia Is Waging an Existential Struggle in Defense of Its Independence & Sovereignty”

* 22 May 2022: “Russia, Iran, And India Are Creating A Third Pole Of Influence In International Relations”

* 6 June 2022: “India Is The Irreplaceable Balancing Force In The Global Systemic Transition”

* 20 June 2022: “Towards Dual-Tripolarity: An Indian Grand Strategy For The Age Of Complexity”

* 5 August 2022: “The Russian Foreign Ministry Comprehensively Explained The Global Systemic Transition”

*  1 October 2022: “The Ukrainian Conflict Might Have Already Derailed China’s Superpower Trajectory”

* 29 October 2022: “The Importance Of Properly Framing The New Cold War”

* 19 November 2022: “Analyzing The US-Chinese-Russian-Indian Interplay In The Global Systemic Transition”

* 29 November 2022: “The Evolution Of Key Players’ Perceptions Across The Course Of The Ukrainian Conflict”

* 14 December 2022: “India’s Principled Neutrality Reaps Grand Strategic Dividends”

* 28 December 2022: “The Five Ways That The US Successfully Reasserted Its Hegemony Over Europe In 2022”

* 1 January 2023: “The New York Times Tried To Throw Shade On India’s Global Rise”

* 7 January 2023: “India’s Global South Summit Is The Most Important Multilateral Event In Decades”

* 11 January 2023: “Exposing Western Media’s Narrative Agenda In Spinning The Sino-American New Détente”

* 4 February 2023: “The Chinese Balloon Incident Could Decisively Shift China’s & The US’ ‘Deep State’ Dynamics”

* 14 February 2023: “NATO’s Self-Declared ‘Race Of Logistics’ Confirms The Bloc’s Military-Industrial Crisis”

* 26 February 2023: “China Compellingly Appears To Be Recalibrating Its Approach To The NATO-Russian Proxy War”

* 28 February 2023: “Just How Drastically Would The World Change If China Armed Russia?”

* 1 March 2023: “Global Fora Like The UN & G20 Are Gradually Losing Their Importance”

* 1 March 2023: “Germany Is Lying: Chinese Arms Shipments To Russia Wouldn’t Violate International Law”

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Debt Rattle January 28 2023

Jan 282023
 
 January 28, 2023  Posted by at 9:27 am Finance Tagged with: , , , , , , ,  74 Responses »


Rembrandt van Rijn Man in Oriental Costume (The Noble Slav) 1632

 

• US Can Turn Back Doomsday Clock (CN)
• Doomsday Clock: 90 Seconds To Midnight (Escobar)
• World War III: Has It Begun? (Jim Rickards)
• Pentagon Think Tank Warns Against ‘Long War’ In Ukraine (RT)
• Ukraine – RAND Study Sees Risks In Prolonged War (MoA)
• Pretend-O-Rama (Kunstler)
• Kyiv Improving Airfields Anticipating Western Fighters (Drive)
• Zelensky Issues Warning Over Abrams Deliveries (RT)
• Russian Diplomat Wants Germany To Clarify Status In Ukraine Conflict (TASS)
• German FM Under Fire Over ‘War With Russia’ Comment (RT)
• Brazil Refuses To Sell Tank Ammo For Ukraine (RT)
• EU Claims To Have Found Way To Access Frozen Russian Funds (RT)
• Russian Senator On Basis For Productive Talks With Kiev (TASS)
• Russian FM Says BRICS Group To Consider Common Currency (AA)
• FDA Quietly Changes End Date for Study of Heart Inflammation (ET)
• Pilots Are Dying At Southwest Airlines At Over 6x The Normal Rate (Kirsch)

 

 

27 million dead Russians. Russia liberated Auschwitz. Not welcome. The Germans built it, the Poles manned it. They are welcome.

 

 

Tenpenny

 

 

 

 

Dowd
https://twitter.com/i/status/1619088768769884160

 

 

Bannon

 

 

 

 

RFKjr

 

 

Nuland Rand Paul

 

 

 

 

“But in April, Ukraine’s Western allies [..] refused to support the neutrality agreement and persuaded Ukraine to abandon its negotiations with Russia.”

• US Can Turn Back Doomsday Clock (CN)

The Bulletin of the Atomic Scientists has just issued its 2023 Doomsday Clock statement, calling this “a time of unprecedented danger.” It has advanced the hands of the clock to 90 seconds to midnight, meaning that the world is closer to global catastrophe than ever before, mainly because the conflict in Ukraine has gravely increased the risk of nuclear war. This scientific assessment should wake up the world’s leaders to the urgent necessity of bringing the parties involved in the Ukraine war to the peace table. So far, the debate about peace talks to resolve the conflict has revolved mostly around what Ukraine and Russia should be prepared to bring to the table in order to end the war and restore peace.

However, given that this war is not just between Russia and Ukraine but is part of a “New Cold War” between Russia and the United States, it is not just Russia and Ukraine that must consider what they can bring to the table to end it. The United States must also consider what steps it can take to resolve its underlying conflict with Russia that led to this war in the first place. The geopolitical crisis that set the stage for the war in Ukraine began with NATO’s broken promises not to expand into Eastern Europe, and was exacerbated by its declaration in 2008 that Ukraine would eventually join this primarily anti-Russian military alliance. Then, in 2014, a U.S.-backed coup against Ukraine’s elected government caused the disintegration of Ukraine. Only 51 percent of Ukrainians surveyed told a Gallup poll that they recognized the legitimacy of the post-coup government, and large majorities in Crimea and in Donetsk and Luhansk provinces voted to secede from Ukraine.

Crimea rejoined Russia, and the new Ukrainian government launched a civil war against the self-declared “People’s Republics” of Donetsk and Luhansk. The civil war killed an estimated 14,000 people, but the Minsk II accord in 2015 established a ceasefire and a buffer zone along the line of control, with 1,300 international OSCE ceasefire monitors and staff. The ceasefire line largely held for seven years, and casualties declined substantially from year to year. But the Ukrainian government never resolved the underlying political crisis by granting Donetsk and Luhansk the autonomous status it promised them in the Minsk II agreement.

[..] In March 2022, the month after the Russian invasion, ceasefire negotiations were held in Turkey. Russia and Ukraine drew up a 15-point “neutrality agreement,” which President Volodymyr Zelenskyy publicly presented and explained to his people in a national TV broadcast on March 27th. Russia agreed to withdraw from the territories it had occupied since the invasion in February in exchange for a Ukrainian commitment not to join NATO or host foreign military bases. That framework also included proposals for resolving the future of Crimea and Donbas. But in April, Ukraine’s Western allies — the United States and United Kingdom in particular — refused to support the neutrality agreement and persuaded Ukraine to abandon its negotiations with Russia.

Scott Ritter

Read more …

“Almost without firing a shot a Russia-Iran alliance could smash NATO to bits and bring down assorted EU governments..”

• Doomsday Clock: 90 Seconds To Midnight (Escobar)

No one ever accused German Foreign Minister Annalena Baerbock of being brighter than a light bulb. She finally gave the game away, at the Council of Europe in Strasbourg: “The crucial part is that we do it together and that we do not do the blame game in Europe because we are fighting a war against Russia.” So Baerbock agrees with Lavrov. Just don’t ask her what Doomsday Clock means. Or what happened after Operation Barbarossa failed. The EU-NATO combo takes matters to a whole new level. The EU essentially has been reduced to the status of P.R. arm of NATO. It’s all spelled out in their January 10 joint declaration. The NATO-EU joint mission consists in using all economic, political and military means to make sure the “jungle” always behaves according to the “rules-based international order” and accepts to be plundered ad infinitum by the “blooming garden”.

Looking at The Big Picture, absolutely nothing changed in the US military/intel apparatus since 9/11: it’s a bipartisan thing, and it means Full Spectrum Dominance of both the US and NATO. No dissent whatsoever is allowed. And no thinking outside the box. Plan A is subdivided into two sections. 1. Military intervention in a hollowed-out proxy state shell (see Afghanistan and Ukraine). 2. Inevitable, humiliating military defeat (see Afghanistan and soon Ukraine). Variations include building a wasteland and calling it “peace” (Libya) and extended proxy war leading to future humiliating expulsion (Syria). There’s no Plan B. Or is there? 90 seconds to midnight?

Obsessed by Mackinder, the Empire fought for control of the Eurasian landmass in World War I and World War II because that represented control of the world. Later, Zbigniew “Grand Chessboard” Brzezinski had warned: “Potentially the most dangerous scenario would be a grand coalition between Russia, China and Iran.” Jump cut to the Raging Twenties when the US forced the end of Russian natural gas exports to Germany (and the EU) via Nord Stream 1 and 2. Once again, Mackinderian opposition to a grand alliance on the Eurasian landmass consisting of Germany, Russia and China. The Straussian neo-con and neoliberal-con psychos in charge of US foreign policy could even absorb a strategic alliance between Russia and China – as painful as it may be. But never Russia, China and Germany.

With the collapse of the JCPOA, Iran is now being re-targeted with maximum hostility. Yet were Tehran to play hardball, the US Navy or military could never keep the Strait of Hormuz open – by the admission of the US Joint Chiefs of Staff. Oil price in this case would rise to possibly thousands of dollars a barrel according to Goldman Sachs oil derivative experts – and that would crash the entire world economy. This is arguably the foremost NATO Achilles Heel. Almost without firing a shot a Russia-Iran alliance could smash NATO to bits and bring down assorted EU governments as socio-economic chaos runs rampant across the collective West.

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“The issue of when wars in general and world wars in particular begin and end is not as clear cut as many believe..”

• World War III: Has It Begun? (Jim Rickards)

That’s a serious question and deserves serious consideration by investors. A wave of analysts and commentators have warned that the war in Ukraine could spin out of control and escalate into World War III. One variation on that theme is that the war could escalate into a nuclear war with tactical nuclear weapons deployed. Most point a finger at Russia as the party that will launch a nuclear strike out of desperation at a failing campaign in Ukraine. Actually, the opposite is true. The Russian campaign is not failing (it has been on hold for several months awaiting the right conditions to launch a winter offensive). You just don’t hear about it in the mainstream media, which is essentially a propaganda outlet for Ukraine. And the party most likely to use nuclear weapons first is the U.S. in order to save face and destabilize Russia once Ukraine is on the brink of collapse.


Many people have a hard time believing that. They’ve been told that Putin is the devil incarnate and would probably like to destroy the world. We like to think that in modern times we’re sophisticated and above falling prey to propaganda. Unfortunately, it isn’t true. The fact is the U.S. did wage the only nuclear war in history from Aug. 6–9, 1945 and had a successful outcome. I’m not getting into the morality of it here, one way or the other. I’m just being objective. Either way, another nuclear war could not be contained and it would be tantamount to World War III. It amounts to the same thing. But my point is different. It’s not that we may be headed to World War III; it’s that we’re already there. The issue of when wars in general and world wars in particular begin and end is not as clear cut as many believe. There are many examples.

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“In 2019, the think tank provided a blueprint for “overextending and unbalancing” Russia..”

• Pentagon Think Tank Warns Against ‘Long War’ In Ukraine (RT)

While both Moscow and Kiev think they will benefit from continued fighting, such a turn of events does not serve Washington’s best interests, the Pentagon’s think tank RAND Corporation argues in a new report published on Friday. Authored by Samuel Charap and Miranda Priebe, “Avoiding a Long War” accepts the prevailing premises about the conflict, but notes that US interests “often align with but are not synonymous with Ukrainian interests.” According to the authors, the conflict has already inflicted significant economic, military and reputational damage on Russia, so its “further incremental weakening is arguably no longer as significant a benefit for US interests.” The price to the West has not been insignificant either, from the disruption to energy, food and fertilizer markets to the cost of “keeping the Ukrainian state economically solvent,” which will only “multiply over time.”

NATO’s military aid to Ukraine “could also become unsustainable after a certain period,” while Russia may “reverse Ukrainian battlefield gains,” they said. The conflict is “absorbing senior policymakers’ time and US military resources,” distracting Washington from other global priorities, such as China, while pushing Moscow closer to Beijing. In short, the consequences of a long war – ranging from persistent elevated escalation risks to economic damage – far outweigh the possible benefits. The study describes President Vladimir Zelensky’s vision of victory, in which Ukraine would recover all the territories it lays claim to and force Russia to submit to war crimes trials and reparations, as “optimistic” and “improbable.” Moscow, “perceives this war to be near existential” and has signaled “a high level of resolve,” the authors caution, raising the probability it might use nuclear weapons if it feels threatened.

Prospects for some kind of negotiated peace are “poor in the near term,” the report acknowledges, as Kiev believes Western support will continue indefinitely, while Moscow has been given no reason to believe the sanctions will ever be lifted. The US could “condition future military aid on a Ukrainian commitment to negotiations,” while giving Kiev security commitments, but “not as binding as US mutual defense treaties” or NATO membership, the report suggested. Washington should also give Moscow assurances regarding Ukraine’s neutrality and set “conditions for sanctions relief.” Founded in 1948 by the US military-industrial complex, RAND has provided the Pentagon with policy advice for decades. In 2019, the think tank provided a blueprint for “overextending and unbalancing” Russia that included economic sanctions, sending weapons to Ukraine, promoting uprisings in Central Asia and even deploying more nuclear weapons to Europe. By contrast, the advice on how to avoid escalation with Moscow while arming Kiev, from July last year, seems to have had little to no effect.

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More on that RAND report.

• Ukraine – RAND Study Sees Risks In Prolonged War (MoA)

RAND Corp is a government and industry financed large research institute. Founded shortly after the end of the second world war it mostly works for the Pentagon by developing policies and strategies. In April 2019 RAND published a report about Extending Russia The report summary explained its purpose: “As the 2018 National Defense Strategy recognized, the United States is currently locked in a great-power competition with Russia. This report seeks to define areas where the United States can compete to its own advantage. Drawing on quantitative and qualitative data from Western and Russian sources, this report examines Russia’s economic, political, and military vulnerabilities and anxieties. It then analyzes potential policy options to exploit them — ideologically, economically, geopolitically, and militarily (including air and space, maritime, land, and multidomain options).” RAND developed policy options in those four fields. It then evaluated their benefit, cost and risks as well as their likelihood of success. Here is their summary table for economic measures:

The first three measures were implemented when the war in Ukraine was launched. The geopolitical measures included an option of providing lethal aid to Ukraine. This would create the risk that Russia would respond militarily and eventually take more of Ukraine than the two Donbas republics: Taking more of Ukraine might only increase the burden [for Russia], albeit at the expense of the Ukrainian people. However, such a move might also come at a significant cost to Ukraine and to U.S. prestige and credibility. This could produce disproportionately large Ukrainian casualties, territorial losses, and refugee flows. It might even lead Ukraine into a disadvantageous peace. While they at times underestimate Russia’s capabilities RAND people are not dumb. They knew of the likely outcome of a war. Other geopolitical measure RAND evaluated included more support for ‘Syrian rebels’, regime change per color revolution in Belarus, to exploit tensions in the southern Caucasus and to reduce Russian influence in Central Asia. RAND’s summary for geopolitical measures:

The Trump and Biden administrations both implemented the measures that seemed to have high benefits as well as high risks. The use of ideological measures against Russia was seen as having rather low benefits.

There follow more options, mostly in military categories, that the RAND report developed and evaluated. They emphasize industry pork. The Trump administration took some of the measures RAND provided but seemed not too enthusiastic about them. Its regime change attempt in Belarus failed. The Biden administration changed tact. He endorsed Sviatlana Tsikhanouskaya, the color revolution candidate that had failed the elections in Belarus. Biden also allowed for the delivery of more offensive weapons to Ukraine. The regime in Kiev was encouraged to retake the rebellions Donbas republics. The green light for that was given in early 2022 even as the White House knew that Russia would respond militarily. The consequences for Ukraine that RAND had predicted in 2019 ensued.

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“The Ukraine misadventure will disappear from America’s collective consciousness in a New York minute and a Fourth Turning jamboree of serious domestic political disorder will commence in short order..”

• Pretend-O-Rama (Kunstler)

We are losing this unnecessary proxy war about as steadily as possible, and actually making Russia look good in the process. Russia could have ended the war in five minutes by turning Kiev into an ashtray, but it spent the first eight months of the operation trying to avoid busting up Ukraine’s infrastructure, so as not to turn it into a failed state (that would present new and worse problems). Mr. Putin made many overtures to negotiate an end to the conflict, all rejected by Ukraine, the US, and its NATO “partners.” So, now Russia is grinding on-the-ground to reduce Ukraine’s ability to continue making war by systematically killing the troops Ukraine foolishly throws into the battle line, and destroying Ukraine’s heavy weapons. Ukraine is about out of its own soldiers and weapons.

Russia is maneuvering to roll over what’s left there and put an end to these pointless and needless hostilities. Contrary to US propaganda, Russia has no ambition to conquer NATO territory. Rather its aim is to restore order to a corner of the world that has been its legitimate sphere of influence for centuries — and more than once been used as a doormat for European armies to invade Russia. Apparently, we can’t allow Russia to clean up this mess we made — or we pretend that we can’t, even though it’s happening anyway, whether we like it or not. So now, the US promises to send thirty-one M1 Abrams tanks to Ukraine. A bold move, you think? Not exactly. By the time these tanks get anywhere in the vicinity of Ukraine, this war is likely to be over.

Never mind the difficult business of training the few remaining eligible Ukrainian men between sixteen and sixty how to operate the tanks, and training maintenance crews, and delivering inventories of spare parts — you see where this is going — not to mention the certainty that the Russians will simply blow them up as fast as they appear on the premises. Anyway, a measly thirty-one tanks that can barely be operated is meaningless compared to hundreds of T-72s backed by newer T-14 tanks the Russians can muster from just over their border with Ukraine. The tank proffer is, sad to say (for the dignity of our country), a joke, kind of a last feeble pretense before the whole thing ends in ignominy for the “Joe Biden” team — whoever that actually is.

The repercussions are liable to be ugly for our country, not necessarily in terms of more military trouble in other lands (which we probably lack the capacity to engage in now), but something more personal: the collapse of the dollar as the world’s reserve currency and a vicious loss of purchasing power here at home. That would provoke a situation worse than the Great Depression of the 1930s, and that’s probably where things are going. The Ukraine misadventure will disappear from America’s collective consciousness in a New York minute and a Fourth Turning jamboree of serious domestic political disorder will commence in short order. If you think “Joe Biden’s” term in office has been a disaster so far, just wait. You ain’t seen nuttin yet.

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Want to guess who pays for this?

• Kyiv Improving Airfields Anticipating Western Fighters (Drive)

Unlike the recent influx of promises for western tanks, Ukraine has yet to receive any solid offers of modern fighter jets from allies like the U.S., France, the Netherlands, Denmark and others. But it’s preparing airfields across the country in anticipation of deliveries of multi-role jets like U.S.-made F-16 Fighting Falcons or French Mirage or Rafale fighters. To integrate jets like those into the Ukrainian Air Force would not only require training for pilots and maintainers, but it would also require making sure more modern jets have safe places to operate from. “We have to prepare the airfield infrastructure so that pilots could land safely on the airstrips,” Ukrainian Air Force spokesman Col. Yuri Ignat told reporters Friday at a press briefing in Ukraine. “The works are in progress in different regions of Ukraine with the support of the Ministry of Infrastructure, the Ministry of Defense and other government agencies to support us in the creation of this airfield network.”


With the country under continuing sporadic missile and drone barrages, like the one yesterday, Ignat acknowledged that the work to create the airfield network for new fighters cannot be done “as well as it could have been done in peacetime.” Ignat did not offer any details about where or how many airfields are in the pipeline, or what kind of work needed to be done. But any improvements likely involve upgrading the quality of operating areas and possibly lengthening runways. Ukraine’s Soviet-designed tactical jets were built to operate in conditions that can be considered positively austere when compared to their Western counterparts. The bases they operate from reflect this flexibility. too. As for the aircraft, they have sturdier landing gear, mud guards on their nose wheels, in some cases even intake doors that protect the aircraft from ingesting damaging debris during taxiing. Most Western designs are made to operate from much more pristine surfaces that are meticulously cleared of even small pieces of debris. So if Ukraine wants Western fighters, it needs infrastructure that meets their operational needs.

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Not enough! Not fast enough! More more moar!

• Zelensky Issues Warning Over Abrams Deliveries (RT)

President Vladimir Zelensky has criticized Washington’s lack of speed in delivering heavy tanks to Ukraine. In an interview with Sky News on Friday, the Ukrainian leader also warned that Kiev would not be satisfied with a small number of tanks from the West. Zelensky’s comments come after the US promised on Wednesday to supply Kiev with 31 M1 Abrams tanks, but cautioned that the delivery could take several months or more. The White House explained that it expects to acquire the machines from the industry, rather than pulling them directly from its own stocks. However, Zelensky complained that if the American tanks arrive as late as August, it will be “too late.” He insisted that a handful of tanks “won’t make a difference on the battlefield.”


The president told Sky News that Ukraine currently needs “300 to 500 tanks” in order to be able to launch a counter offensive against Russia. “It’s not about politics, it’s about specific results on the battlefield,” he said. Zelensky also thanked the countries that have been delivering weapons to Ukraine and noted that a total of 12 countries have already committed to bolstering Kiev’s tank coalition. Earlier this week, Germany officially approved the supply to Kiev of 14 Leopard 2A6 tanks from its own stocks and also gave permission to other countries to provide their own German-made armor for the needs of the Ukrainian army. Berlin said it expects to deliver the Leopards no later than the end of March. Other countries that have also pledged their heavy armor to Kiev include the UK, Poland, Canada, Spain, Norway and the Netherlands.

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“”The German foreign minister said that her country was fighting jointly with other nations against Russia, while her ministry does not consider their own country to be party to the conflict..”

• Russian Diplomat Wants Germany To Clarify Status In Ukraine Conflict (TASS)

Russian Foreign Ministry Spokeswoman Maria Zakharova urged the German ambassador to Russia on Friday to clarify Berlin’s position on its status in the conflict in Ukraine. “The German foreign minister said that her country was fighting jointly with other nations against Russia, while her ministry does not consider their own country to be party to the conflict. Taking into account these contradictory statements, the German ambassador to Russia should clarify them,” the Russian diplomat wrote on her Telegram channel. Earlier, Germany’s Foreign Ministry said providing assistance to Kiev did not make Berlin party to the conflict in Ukraine. This was how Germany’s diplomacy commented on a statement by German Foreign Minister Annalena Baerbock who said, addressing the Parliamentary Assembly of the Council of Europe earlier this week, that “we are fighting a war against Russia.”.

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More Baerbock.

“..a regional lawmaker from the state of North Rhine-Westphalia, and the president of the German-Hungarian association, Gerhard Papke, accused Baerbock of being “completely politically insane” for making such a statement..”

• German FM Under Fire Over ‘War With Russia’ Comment (RT)

German Foreign Minister Annalena Baerbock has faced a wave of criticism after claiming at the Parliamentary Assembly of the Council of Europe (PACE) that Germany is at war with Russia. The comment led opposition politicians to question whether she is fit for the job. “A statement by Baerbock that Germany is at war with Russia shows that she is not suited for her job,” Sahra Wagenknecht, a German MP and the former head of the Left Party’s faction in the Bundestag, wrote on Twitter on Friday. A foreign minister should be a “top diplomat” and “not act like an elephant in a China shop,” the lawmaker added, accusing Baerbock of “trampling” on Germany’s reputation. During the Tuesday debate, Baerbock said European nations were “fighting a war against Russia” and must do more to defend Ukraine.

Germany needs a foreign minister who is capable of acting “as a responsible diplomat and not a firebrand” amid conflict in Europe, said Alice Weidel, the co-chair of the right-wing Alternative for Germany (AFD) faction in the Bundestag. Weidel accused Baerbock of being incapable of acting on the diplomatic stage, saying Berlin needs a top diplomat who represents Germany’s interests exclusively. Meanwhile, a regional lawmaker from the state of North Rhine-Westphalia, and the president of the German-Hungarian association, Gerhard Papke, accused Baerbock of being “completely politically insane” for making such a statement. Left MP Selim Dagdelen demanded Chancellor Olaf Scholz provide an “immediate” explanation on whether Baerbock had his government’s mandate “for her declaration of war” and suggested the minister was a threat to the security of German citizens.

Neither Baerbock, nor Scholz, have responded to the criticism so far. Germany’s Foreign Ministry maintained Berlin is not a party to the conflict between Kiev and Moscow in a statement to the Bild tabloid. “Supporting Ukraine in exercising its individual right for self-defense… does not make Germany a party to the conflict,” it said, pointing to the UN Charter. It said Moscow’s offensive in Ukraine is “a war against the European peace and order” and this is what Baerbock had meant. In the wake of Baerbock’s Tuesday statement, Moscow said that the German minister’s words only show that the West had been planning this conflict all along for years.

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“..to Germany for use in Ukraine..”

• Brazil Refuses To Sell Tank Ammo For Ukraine (RT)

Brazilian President Lula da Silva shot down an offer to sell tank ammunition to Germany for use in Ukraine, Brazilian newspaper Folha de Sao Paulo reported on Friday. A vocal critic of the West’s policy toward Ukraine, Lula has striven to remain neutral on its conflict with Russia. The president allegedly rejected the request at a meeting with Brazilian defense chiefs and Defense MInister Jose Mucio last week. According to the paper’s sources, since-dismissed army commander Julio Cesar de Arruda told Lula that Germany wished to purchase just under $5 million worth of shells for its Leopard 1 tanks.

Lula reportedly considered asking Berlin to guarantee that it would not send the ammunition to Ukraine, but ultimately declined the offer, “arguing that it was not worth provoking the Russians,” as Folha de Sao Paulo put it. Less than a week later, Germany formally announced that it would donate a company-sized force of Leopard 2 main battle tanks to Ukraine, and would allow other countries operating the tanks to transfer them to Kiev. It is unclear whether the ammunition referenced by Folha is compatible with both generations of Leopard tank. Like his right-wing predecessor, the left-wing Lula has taken a neutral position on the conflict in Ukraine.

While Jair Bolsonaro’s government formally condemned Moscow at the UN General Assembly over its military operation, neither president has imposed sanctions on Russia, and each has partially blamed Ukrainian President Vladimir Zelensky for the outbreak of hostilities. Lula has condemned the US for pouring tens of billions of dollars into Ukraine’s government and military, and suggested last year that US President Joe Biden “could have avoided [the conflict], not incited it.” He also declared that NATO leadership should have reassured Russia that Ukraine would never be allowed to join the US-led military bloc, which was one of Moscow’s key demands for peace before it sent troops into the country.

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Given that Russia will be in control, it would seem wiser to return their funds, so you would get some actual rebuilding done.

• EU Claims To Have Found Way To Access Frozen Russian Funds (RT)

The European Union has told member states that it has legal authority to temporarily leverage a hefty amount of Russian Central Bank assets to pay for the rebuilding of Ukraine, Bloomberg reported on Thursday, citing people familiar with the matter. The mechanism could reportedly involve as much as €33.8 billion ($36.8 billion) of the funds frozen by the bloc as part of the Ukraine-related sanctions imposed on Moscow. According to the EU’s Council Legal Service, the plan is legally feasible if the assets aren’t expropriated and certain conditions are met. These include a termination date, a focus on liquid assets, and clarity that the principal and interest would be returned to Russia at some point, according to people close to the discussions. The Group of Seven (G7) and the EU reportedly failed to find a clear legal basis for simply confiscating Russian assets.


Instead, Brussels is considering the idea of pooling the frozen assets together at EU or international level to generate returns that could be used to finance the rebuilding of Ukraine. According to a number of estimates, the Russian Central Bank’s frozen assets amount to some $300 billion worldwide. EU officials had previously said almost €34 billion ($37 billion) of the funds are sitting in EU-based deposits. The figure is, however, still under assessment. In November, European Commission President Ursula von der Leyen proposed that the bloc’s authorities should create a special structure to manage the frozen Russian funds and invest them with a view to using the proceeds for Ukraine. The Russian government has repeatedly called the freezing of the country’s assets “theft,” and warned that the step contravenes international law. According to Moscow, the very idea of international reserves has been discredited by the use of the US dollar as a weapon in the sanctions war against Russia.

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“.. I think that only the successful completion of the special military operation may be the basis for meaningful and fruitful negotiations..”

• Russian Senator On Basis For Productive Talks With Kiev (TASS)

Only the successful completion of the special military operation may serve as the foundation for “meaningful and productive” talks on the situation in Ukraine, says First Deputy Chairman of the Federation Council Committee on Defense and Security, ex-Russian Permanent Representative to the European Union Vladimir Chizhov. “This is my personal opinion. I think that only the successful completion of the special military operation may be the basis for meaningful and fruitful negotiations. Without this, any talks, the results of these talks, will only postpone the resolution of the conflict and threaten to renew or repeat it,” he said at a press conference at TASS on Friday.


Replying to a question about any negotiations currently taking place on settling the situation around Ukraine, the official noted that the “process is not in progress.” “What is more, in order for the talks to go on, they have to start. They haven’t,” the senator stressed. He added that the possibility to launch talks on this issue between Moscow and Washington or Brussels is also not visible at the moment.

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“..the West has proved that all the values and mechanisms of globalization that it itself created and promoted, including the inviolability of property, fair competition, the presumption of innocence, can be trampled on at any moment..”

• Russian FM Says BRICS Group To Consider Common Currency (AA)

Russian Foreign Minister Sergey Lavrov said on Wednesday that Brazil, Russia, India, China, and South Africa – BRICS countries – will discuss creating a common currency at the group’s forthcoming summit this August in South Africa. “Serious, self-respecting countries are well aware of what is at stake, see the incompetence of the ‘masters’ of the current international monetary and financial system, and want to create their own mechanisms to ensure sustainable development, which will be protected from outside dictates. “It is in this direction that the initiatives that have been voiced recently … about the need to think about creating our own currencies within the framework of BRICS,” he told a news conference after a meeting with Angolan President Joao Lourenco in the capital Luanda.


The minister added that Russia and Angola have a “firm intention” to develop cooperation in all areas, despite “illegal” Western pressure. Lavrov said the West uses “the same colonial methods with which it exploited developing continents,” and continues using them “to plunder foreign countries and uses resources of global importance to its advantage.” “By its actions, the West has proved that all the values and mechanisms of globalization that it itself created and promoted, including the inviolability of property, fair competition, the presumption of innocence, can be trampled on at any moment, and can also betray its allies at any moment. This is proved by the practice of not so long ago events in Afghanistan, Iraq, and during the Arab Spring of 2011,” he said.

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How does the FDA still exist?

• FDA Quietly Changes End Date for Study of Heart Inflammation (ET)

The U.S. Food and Drug Administration (FDA) has changed the end date for a key study on post-vaccination heart inflammation without notifying the public. Pfizer was supposed to complete a study on the occurrence of subclinical myocarditis, or heart inflammation, after receipt of its COVID-19 vaccine. The completion date was listed by the FDA in 2021 as June 20, 2022. Pfizer was also supposed to submit the results of the study to the FDA by the end of 2022 as part of a list of requirements the FDA imposed as a condition of approving Pfizer’s jab. But after the deadline passed, the FDA quietly changed the date. Under a list of postmarketing requirements for the Pfizer-BioNTech vaccine, the FDA now says the same study has an “original projected completion date” of June 30, 2023.


The current status of the study is listed as “pending.” The FDA and Pfizer did not respond to requests for comment. Jessica Adams, a former regulatory review officer at the FDA, said the wording amounts to misinformation. “By definition, ‘original’ dates can’t change,” she wrote on Twitter, tagging the agency. “Please correct this ‘misinformation.’” Dr. Vinay Prasad, who has increasingly criticized the FDA over its decisions during the pandemic, said the new timeline “is so slow it will be entirely moot.” “Another FDA failure,” he said on Twitter.

VDB
https://twitter.com/i/status/1615174302319661056

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“I’ll pay you $5 for any flight attendant/pilot who signs the petition. So you can earn $50/hr or even more and work your own hours. And you’ll be doing a huge public service..”

• Pilots Are Dying At Southwest Airlines At Over 6x The Normal Rate (Kirsch)

I thought the vaccines were supposed to reduce death not increase it! I just asked the FAA for their comment on this. Here’s what I wrote:

If they respond, I’ll post their response here. The FAA wants a war, so I’m going to give them one. I’m not going to let the FAA get away with ignoring all the deaths and disabilities. I’m willing to pay people $5 per name who sign our FAA petition to investigate these injuries. All you do is stand right outside the Crew security checkpoint and hand out the fliers. I’ll pay you $5 for any flight attendant/pilot who signs the petition. So you can earn $50/hr or even more and work your own hours. And you’ll be doing a huge public service. I will then pay all costs for 20,000 of these people to come demonstrate outside of FAA headquarters. If 20,000 doesn’t work, then we’ll try 40,000 people. Whatever it takes for these people to investigate. The protest will end when the FAA agrees to investigate the injuries. Please let me know if you are interested in this offer to help me collect names.

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Ray Bradbury

 

 

Speed of light

 

 

 

 

 

 

Bobcat
https://twitter.com/i/status/1618981127754231808

 

 

Begonia pavonina
https://twitter.com/i/status/1619029563895590913

 

 

 

 

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

 

 

 

 

 

Debt Rattle December 1 2022

Dec 012022
 
 December 1, 2022  Posted by at 9:25 am Finance Tagged with: , , , , , , , , , , ,  75 Responses »


Pablo Picasso Coffee maker 1943

 

• More Than 100,000 Ukrainian Soldiers Have Died In Conflict – EU (RT)
• Von der Leyen’s Comment On Ukrainian Military Losses Retracted (RT)
• Kiev Reacts To Redacted EU Assessment Of Its Casualties (RT)
• The Global South Births A New Game-Changing Payment System (Escobar)
• China Wants More Russian Gas (RT)
• Russian Coal Exports Shift To China (RT)
• Poland To Charge Ukrainian Refugees For Government-Provided Housing (Az.)
• Congress Wants $45B Tacked on to Biden’s Military Budget Request (Celente)
• Washington Goes to War Against Twitter and Free Speech (Turley)
• Yellen Hints At ‘National Security’ Probe Into Twitter Purchase (RT)
• EU Threatens Musk With Twitter Ban (RT)
• Musk Says Twitter Clash With Apple A ‘Misunderstanding’ (AFP)
• Ex-Twitter Safety Chief: Hunter Biden Laptop Censorship Was A ‘Mistake’ (Fox)
• Eric Idle Insists He Wants To Be ‘Cancelled’ (DM)
• Cryptome Founder Asks to Be Indicted With Assange (Lauria)

 

 

Brilliant T-shirt sold in Japan.

 

 

Reed Hastings

 

 

 

 

Tucker DealBook

 

 

 

 

Clare Daly

 

 

 

 

 

 

Ursula didn’t get the memo. In 3 parts. First, she posts the number -with video. Then Zelensky protests. Then the video is removed and re-done. Finally, Ukraine reacts: if you post these numbers, we can’t manipulate them anymore.

• More Than 100,000 Ukrainian Soldiers Have Died In Conflict – EU (RT)

European Commission president Ursula von der Leyen has presented the total number of losses estimated to have been suffered by Ukraine in its conflict with Russia. “More than 100,000 Ukrainian military officers have been killed so far,” von der Leyen claimed on Wednesday, while adding that around 20,000 civilian lives have also been lost amid the fighting, which has continued since late February. The head of the European Commission didn’t reveal the sources of the information she provided. In late September, Russia’s Defense Minister Sergey Shoigu stated that Ukrainian losses had to date amounted to more than 61,000 troops, which was ten times higher than those of Russia.


In her address, von der Leyen also proposed to set up a specialized, UN-backed court to investigate and prosecute what she described as “Russia’s crime of aggression.”She also said that a special structure would be created by the EU to manage and invest 300 billion euro (nearly $311 billion) in Russian Central Bank reserves and 19 billion euro of Russian business figures’ assets, which the EU froze after the outbreak of the conflict. The plan is to use the proceeds from those activities to rebuild and assist Ukraine, according to the commission president.

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Some people are convinced it was retracted after US protest. But Ukraine protest would have been enough.

• Von der Leyen’s Comment On Ukrainian Military Losses Retracted (RT)

A claim about the number of Ukrainian soldiers killed during its conflict with Russia has been removed from a speech by European Commission President Ursula von der Leyen on the executive’s official website. “More than 100,000 Ukrainian military officers have been killed so far,” she said during an address earlier on Wednesday, adding that around 20,000 civilians had also died in nine months of fighting. The source of this information was not provided. However, the reference to Kiev’s death toll soon disappeared from the text of the speech on the European Commission’s website. It was also cut from a video of the address on the website and on von der Leyen’s account on Twitter.


The editing was noticed by some media outlets and social media users, who compared the two versions of the statement online. The move was then officially confirmed by the European Commission. The EU executive body’s spokeswoman Dana Spinant took to Twitter to thank those who had “pointed out the inaccuracy” in von der Leyen’s speech. “The estimation used, from external sources, should have referred to casualties, i.e. both killed and injured, and was meant to show Russia’s brutality,” she wrote. In late September, Russian Defense Minister Sergey Shoigu stated that Ukrainian losses had by then amounted to more than 61,000 troops, which was ten times greater than Russia’s.

Judge Nap Macgregor

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Oh yeah, she also talked about the stolen Russian assets.

• Kiev Reacts To Redacted EU Assessment Of Its Casualties (RT)

A claim that Ukraine has lost more than 100,000 personnel in the conflict with Russia has been deleted from the Twitter account of European Commission President Ursula von der Leyen. Kiev had objected to the figure, saying it was up to President Vladimir Zelensky and top Ukrainian officials to voice such numbers. Zelensky’s spokesman, Sergey Nikoforov, told Ukrainian media on Wednesday that such “sensitive” information should only be made public by the country’s top military commander General Valery Zaluzhny, Defense Minister Aleksey Reznikov, or the president himself. Earlier in the day, the head of the EU executive branch cited an assessment that more than 100,000 Ukrainian troops and over 20,000 civilians have been killed in the conflict with Russia.

The video statement has since been pulled from her Twitter account and replaced with a new version, which omitted the figures. Von der Leyen did not identify the source of the assessment. Earlier in the month, US General Mark Milley, who serves as the chairman of the Joint Chiefs of Staff, said that over 100,000 soldiers may have been killed and wounded on each side of the conflict, with 40,000 civilians killed as collateral damage. Milley, speaking at the Economic Club of New York, said that the winter season would cause hostilities to go “static” and open “a window of opportunity” for negotiations. The call for diplomacy reportedly outraged officials in Kiev, who pledged to continue fighting against Russia until it fully regains pre-2014 positions. In her Wednesday address, von der Leyen urged the UN to convene a special tribunal to try Russia for its alleged crimes against Ukraine.

The Commission chief also shared the EU’s plans to invest seized Russian national reserves and “oligarch” money for profit that would later be used to rebuild Ukraine. She estimated Ukraine’s damage at €600 billion ($621bn) so far, which dwarfs the €319 billion ($330bn) of Russian funds blocked by the EU. The assets would only be unfrozen after anti-Russia sanctions are lifted, to be paid in compensation to Ukraine, the official stated. Top Russian officials, including President Vladimir Putin, have criticized the freezing of assets by the US and its allies, including the EU. At first, they devalued national reserves denominated in dollars and euros through inflation, and later “pawed and pocketed” them, Putin remarked in October.

Read more …

In the background, these preparations continue.

• The Global South Births A New Game-Changing Payment System (Escobar)

The Eurasia Economic Union (EAEU) is speeding up its design of a common payment system, which has been closely discussed for nearly a year with the Chinese under the stewardship of Sergei Glazyev, the EAEU’s minister in charge of Integration and Macro-economy. Through its regulatory body, the Eurasian Economic Commission (EEC), the EAEU has just extended a very serious proposal to the BRICS nations (Brazil, Russia, India, China and South Africa) which, crucially, are already on the way to turning into BRICS+: a sort of G20 of the Global South. The system will include a single payment card – in direct competition with Visa and Mastercard – merging the already existing Russian MIR, China’s UnionPay, India’s RuPay, Brazil’s Elo, and others.

That will represent a direct challenge to the western-designed (and enforced) monetary system, head on. And it comes on the heels of BRICS members already transacting their bilateral trade in local currencies, and bypassing the US dollar. This EAEU-BRICS union was long in the making – and will now also move toward prefiguring a further geoeconomic merger with the member nations of the Shanghai Cooperation Organization (SCO). The EAEU was established in 2015 as a customs union of Russia, Kazakhstan and Belarus, joined a year later by Armenia and Kyrgyzstan. Vietnam is already an EAEU free trade partner, and recently enshrined SCO member Iran is also clinching a deal. The EAEU is designed to implement free movement of goods, services, capital, and workers between member countries.

Ukraine would have been an EAEU member if not for the Maidan coup in 2014 masterminded by the Barack Obama administration. Vladimir Kovalyov, adviser to the chairman of the EEC, summed it all up to Russian newspaper Izvestia. The focus is to establish a joint financial market, and the priority is to develop a common “exchange space:” “We’ve made substantial progress and now the work is focused on such sectors as banking, insurance, and the stock market.” A new regulatory body for the proposed joint EEU-BRICS financial system will soon be established. Meanwhile, trade and economic cooperation between the EAEU and BRICS have increased 1.5 times in the first half of 2022 alone.

Read more …

Not using Russian oil and gas does nothing for climate. You don’t want it, others will use them. And you will be cold.

• China Wants More Russian Gas (RT)

Russian gas export to China via the so-called eastern route, the Power of Siberia pipeline, should be steadily increased, according to Huang Yongzhang, Vice President of China National Petroleum Corporation (CNPC). The 3,000 kilometer (1,864 mile) cross-border pipeline started deliveries of Russian natural gas to China in 2019. Its capacity is 61 billion cubic meters (bcm) of gas per year, including 38 bcm for export. Last year, Russian gas supplies to China increased by 10.4 bcm via the mega pipeline. “It is necessary to steadily increase gas supplies from Russia to China via the eastern route. The parties continue cooperation in this area, using all its advantages, strengthening and deepening business cooperation,” Yongzhang said on Tuesday at the Russia-China Energy Business Forum.


He also called for the strengthening of the scientific and technical cooperation between the two nations in order to improve the quality of joint work in the oil and gas sector, as well as in the field of green and low-carbon energy. The agreement on gas supplies via the Power of Siberia pipeline was reached in 2014, with Gazprom and CNPC signing a 30-year contract. The $400 billion agreement is Gazprom’s biggest deal ever and the Power of Siberia is the first natural gas pipeline between Russia and China. The Russian energy company is currently working on the Power of Siberia 2 project, which involves construction of a gas pipeline to China through the territory of Mongolia. The pipeline will be capable of delivering as much as 50 billion cubic meters of gas, once operational.

Read more …

You can hear the Chinese laughing in the background.

• Russian Coal Exports Shift To China (RT)

Russia has this year become the second most important supplier of coal to China, the head of oil giant Rosneft Igor Sechin announced at the Russia-China Energy Business Forum on Tuesday.“Deliveries of high-quality Russian coal to China in [those] ten months of 2022 amounted to 53 million tons. This is about 23% of total imports to China, second place after Indonesia, which supplies 134 million tons,” Sechin said. According to the CEO, in order to further increase coal supplies to Asia, Russia is investing in the development of the Eastern Range of the country’s train-services supplier Russian Railways (OAO). The project is expected to increase transportation capacity to 195 million tons per year.

Russia has dramatically increased exports of energy commodities, including coal, to Asian buyers after the EU suspended coal purchases from the country earlier this year as a Ukraine-related sanction. Chinese purchases of the Russian fossil fuel, in particular, reached a five-year high in September, soaring to 8.54 million tons. It was a 57% year-on-year rise, according to data from China’s General Administration of Customs. Beijing has also been stocking up on Russian oil. Total Russian crude exports to China in the period January to October jumped by 9.5% to nearly 72 million tons, slightly less than what Saudi Arabia, China’s largest supplier, exports to the Asian nation, Sechin said.

The head of Russia’s biggest oil company stressed that both Moscow and Beijing are looking forward to further developing trade relations, particularly in the field of energy. Sechin also noted that the overall trade turnover between Russia and China jumped 33% this year, reaching $153.9 billion in the first ten months. “If these rates are maintained, by the end of this year the trade turnover may reach a record high of $180 billion. We can expect that the goal of reaching $200 billion in trade turnover will be achieved even before the set target date, 2024,” he said.

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“More than a million Ukrainian refugees made a temporary home in Poland..”

• Poland To Charge Ukrainian Refugees For Government-Provided Housing (Az.)

Poland plans to charge Ukrainian refugees for food and housing after four months of staying in state accommodation, the government said, Report informs referring to Reuters. More than a million Ukrainian refugees made a temporary home in Poland, Ukraine’s western neighbor, after Russia invaded Ukraine on February 24, relying on the kindness of strangers who opened up their homes and government aid. But after an initial outpouring of public support for refugees, resources are drying up and refugees are having a harder time finding flats and getting support with Poland facing a cost of living crisis and budget strains.


“Citizens of Ukraine who stay in Poland in collective accommodation centers will participate in the costs of housing and meals,” the government said in a statement. Those staying in such accommodation, for example government-funded hotel rooms or school dormitories, longer than 120 days will have to cover 50% of the cost up to 40 zlotys ($8.87) per day, per person. After 180 days it would be 75% of the cost up to 60 zlotys. Those unable to work because of their age or disability would be excluded, as would pregnant women, according to the plan. The government wants the new rules to apply from March 1, 2023. The bill will go to parliament where it is expected to pass comfortably.

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“..the deal would set the budget at $847 billion for national defense..”

• Congress Wants $45B Tacked on to Biden’s Military Budget Request (Celente)

We have long noted that the one issue that can bring together the most hardened liberal Democrats, and the most conservative Republicans is the vote for war. After all, what other issue would you find Rep. Alexandria Ocasio-Cortez and Sen. Mitch McConnell agreeing on? It was reported Wednesday that members of the House and Senate Armed Service committees agreed to add $45 billion more to President Joe Biden’s already gargantuan 2023 National Defense Authorization Act, according to a newly released report on Wednesday. Politico, citing four people familiar with the negotiations, reported that the deal would set the budget at $847 billion for national defense, with the possibility of reaching as high as $858 billion.

We reported in July that the House voted in favor of an $850.3 billion national security budget that members say will help the U.S. respond to continued threats and surging inflation. The House passed the bill in a 329-101 vote. The “no” votes included 62 Republicans and 39 Democrats.“With inflation factored in, it is a good increase but it’s essential because of inflation and also the need to continue significant programs,” Sen. Jack Reed, the chair of the Senate Armed Services, said in an interview, according to Politico.As the global economies sink into recession, as world hunger escalates, as inflation spikes and people pay much more to buy a lot less, as world poverty levels increase and the middle class shrinks…countries around the world have increased their military budgets and built up their defenses since the Ukraine War began in February.

But the War Machine Always Wins. And Bill La Plante, the undersecretary of defense for acquisition and sustainment, said months ago that he expected Congress—no matter what party was in control—would approve new weapons purchasing power at levels not seen since the Cold War. “They are going to give us multiyear authority, and they’re going to give us funding to really put into the industrial base,” he told George Mason University at the time. “And I’m talking billions of dollars into the industrial base—to fund these production lines. That, I predict, is going to happen, and it’s happening now. And then people will have to say: ‘I guess they were serious about it.’ But we have not done that since the Cold War.”

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“Despite a creepy Facebook advertising campaign to convince the public to embrace censorship, it has not worked. The public is not buying. They are buying Free Twitter…”

• Washington Goes to War Against Twitter and Free Speech (Turley)

Washington this week is in full wartime footing. No, it’s not over the Russian invasion of Ukraine or North Korean missiles or even Chinese expansionism. It is about Twitter and the threat of Elon Musk to restore free speech protections to social media. Former Secretary of State Hillary Clinton has emerged as the bellicose general rallying others to the “censor or die” pressure campaign against Twitter. The problem is that citizens are flocking to Twitter and signing up in record numbers. They want more, not less, free speech. The over two million new sign-ups per day represent a 66% increase over the same period last year, according to figures released by Musk.

A reporter this week was so alarmed that she asked the White House Press Secretary Karine Jean-Pierre about the concern that millions are still signing up at Twitter and demanded to know who is “keeping an eye on this” for possible federal action. Unable to convince users to embrace censorship, Clinton and others are pressuring corporations and foreign governments to deter Musk from restoring free speech. Since users are embracing the new Twitter, the campaign has focused on preventing them from signing up by removing the app from the Apple and Google stores. In the meantime, Apple is joining the boycott by withholding advertising revenue to coerce Musk to reverse his free-speech pledge.

Musk, however, is sitting on the ultimate weapon to bring this war to an end: free speech itself. However, it will require more than rhetorical recriminations like Musk asking why Apple executives “hate free speech in America?” The fact is that these media and political figures are becoming more and more alarmed as Musk threatens to release files on the past censorship of stories like the Hunter Biden laptop. Musk has reason to wonder why Apple CEO Tim Cook would join this anti-free speech campaign. The reason is as obvious as it is craven. These boycotts are not about corporations or shareholders. If anything, they are more likely to diminish profits. It is about the executives themselves. Many are allies of figures like Clinton. Others are yielding to these demands to avoid being attacked or tagged by the left.

[..] If Musk carries through on his pledge, the public will have a free speech alternative and they are already speaking loudly by signing up with the company in record numbers. Despite a creepy Facebook advertising campaign to convince the public to embrace censorship, it has not worked. The public is not buying. They are buying Free Twitter. So, the only way to regain control is to prevent people from getting the app or threaten to force Twitter into insolvency. The problem is Musk, an eccentric billionaire who is not easy to intimidate. Musk now stands against a massive alliance of governments, corporations, celebrities, and politicians. He has only the public and free speech on his side. He needs to use both.

DeSantis

Read more …

Yellen is so out of her depth here, I suspect that’s why they let her do the talking.

• Yellen Hints At ‘National Security’ Probe Into Twitter Purchase (RT)

US Treasury Secretary Janet Yellen has said federal officials could seek to launch a review into billionaire entrepreneur Elon Musk’s recent purchase of Twitter if it were deemed to carry national security risks, backtracking after she downplayed any chance for a probe. Speaking at an event hosted by the New York Times on Wednesday, Yellen claimed she had “misspoke” when she said there was “no basis” to investigate Musk or his finances during an interview earlier this month, now saying the government could take that step after all. “I’m not going to say specifically what we are looking at. We don’t comment on what’s in progress,” she said, but added the Treasury “does look at transactions that involve foreign investments in the United States to see if they create national security risk.”

While she stopped short of confirming that a probe was underway, Yellen said “if there are such risks it would be appropriate for the Treasury to have a look.” The secretary’s comments follow earlier reports that the Treasury had already requested approval to begin reviewing Musk’s Twitter deal, though sources told the Washington Post at the time that such actions are “fairly routine” and do not always result in a full-fledged investigation. Earlier this month, President Joe Biden also stated that Musk’s “relationships with other countries is worthy of being looked at,” following reports that foreign investors such as Saudi Prince Alwaleed bin Talal now hold significant stakes in Twitter. However, Biden stressed that he was not claiming the billionaire had done anything “inappropriate,” and did not indicate that he was under investigation.

Musk has faced pressure from abroad as well, with the European Commission recently threatening to ban Twitter outright should the platform run afoul of the EU’s digital regulations. According to a Wednesday report in the Financial Times, the bloc has presented Musk with a “checklist of rules” and demanded he submit to an “extensive independent audit” sometime next year, insisting Twitter must continue to “aggressively” police disinformation and hate speech. The billionaire has repeatedly vowed to make Twitter a bastion of free expression, even suggesting an “amnesty” for previously banned accounts so long as they did not violate the law or post spam. However, critics have argued the more hands-off approach will foster hatred, extremism and misinformation online, with some even urging major platforms like Apple and Google to remove Twitter from their app stores.

Read more …

“Musk replied that the DSA [EU’s Digital Services Act] was “very sensible” and should be applied worldwide.”

• EU Threatens Musk With Twitter Ban (RT)

As Elon Musk pledged to run a more fair and transparent Twitter that won’t interfere in elections, the EU’s internal market commissioner, Thierry Breton, on Wednesday demanded tougher censorship, reportedly warning that the platform might be banned if it doesn’t comply with the bloc’s laws. “Twitter has failed in trust & safety for a very long time and has interfered in elections,” Musk tweeted on Wednesday, responding to claims by former executive Yoel Roth published by Reuters that his takeover had made the company less safe. “Twitter 2.0 will be far more effective, transparent and even-handed.” Within the hour, Breton tweeted that he welcomed Musk’s “intent to get Twitter 2.0 ready” for the EU’s Digital Services Act (DSA), a law scheduled to come into force in 2024.

He added that the platform would have to “significantly reinforce content moderation and tackle disinformation,” among other things. Breton attached a short video from a call he held with Musk, though without any sound. According to the Financial Times, however, the EU commissioner actually threatened Musk with a ban unless Twitter complies with a list of demands. This includes not having an “arbitrary” approach to reinstating banned users, “aggressively” pursuing “disinformation” and agreeing to an “extensive independent audit” by next year. Failing to do so would infringe on the DSA, which could expose Twitter to massive fines or even a ban in the EU, Breton reportedly said. According to FT’s sources, Musk replied that the DSA was “very sensible” and should be applied worldwide.

Musk bought Twitter for a reported $44 billion and took ownership of the company on October 27, declaring “the bird is freed.” Within hours, Breton responded that “In Europe, the bird will fly by our rules.” The DSA was approved by the bloc earlier this year. It requires “content moderation” from major social media platforms, so they can swiftly censor “hate speech” or any information that Brussels deems false. The EU has already invoked these powers to ban RT and several other Russian media outlets, with most US-based platforms eagerly complying. The video hosting service Rumble, however, chose to turn off their service in France rather than comply with demands from Paris to censor certain Russian outlets.

Declaring “free speech” – as guaranteed in the US Constitution – to be his guiding principle, Musk has rolled back some of Twitter’s censorship policies and lifted the bans on many “permanently suspended” accounts, including former US president Donald Trump. The decision to reinstate Trump and declare a general amnesty for accounts that hadn’t broken the law was put to a vote on Twitter, with most users voting in favor in both cases.

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“Tim was clear that Apple never considered doing so.”

• Musk Says Twitter Clash With Apple A ‘Misunderstanding’ (AFP)

Twitter owner Elon Musk said he met with Apple chief Tim Cook on Wednesday and “resolved the misunderstanding” that prompted him to declare war on the iPhone maker’s App Store. “Among other things, we resolved the misunderstanding about Twitter potentially being removed from the App Store,” Musk tweeted. “Tim was clear that Apple never considered doing so.” Musk also tweeted a video clip of “Apple’s beautiful HQ” in Cupertino, California, noting that he had had a “good conversation” with Cook. The world’s richest person opened fire on the planet’s most valuable company early this week over fees and rules at the App Store, saying Apple had threatened to oust his recently acquired social media platform.

The billionaire CEO had tweeted that Apple “threatened to withhold Twitter from its App Store, but won’t tell us why.” Apple, which has not issued a public statement on the matter, typically tells developers if fixes need to be implemented in apps to conform to App Store policies. Analysts told AFP the clash may have came down to money, with Musk irked that the App Store takes a commission on transactions such as subscriptions. Musk has delayed the relaunch of the Twitter Blue subscription tier intended to have users pay for perks such as account verification check marks. Twitter rolled out Blue early in November, but pulled the plug after impersonators paid for check marks to appear legitimate in what former head of safety and security Yoel Roth referred to as “a disaster.”

Both Apple and Google also require social networking services on their app stores to have effective systems for moderating harmful or abusive content. But since taking over Twitter last month, Musk has cut around half of Twitter’s workforce, including many employees tasked with fighting disinformation, while an unknown number of others have quit.

Tucker Apple

Read more …

Musk has promised full disclosure.

• Ex-Twitter Safety Chief: Hunter Biden Laptop Censorship Was A ‘Mistake’ (Fox)

The former head of trust and safety at Twitter recently admitted that the social media company’s decision to censor the Hunter Biden laptop story in 2020 was a “mistake.” During a sit down with journalist Kara Swisher, ex-Twitter safety chief Yoel Roth said that despite concerns about the authenticity of the laptop story, it still did not reach a point where he wanted to remove the content — which was later censored anyway. Initial reporting suggested that Roth blocked user access from the October 2020 story, but the former Twitter division lead said the decision was not up to him. “We didn’t know what to believe, we didn’t know what was true, there was smoke — and ultimately for me, it didn’t reach a place where I was comfortable removing this content from Twitter,” Roth said.

“But it set off every single one of my finely tuned APT28 hack and leak campaign alarm bells.” Roth repeatedly reiterated that despite Big Tech companies’ high-alert status and his personal feeling of responsibility to protect the “integrity of conversations” from foreign governments attempting to interfere in elections, it never rose to the level where he believed the story should be censored. “But — so it was a mistake?” Swisher asked. “In my opinion, yes,” he responded. Roth planned to meet with the Department of Homeland Security’s now-defunct Disinformation Governance Board, where the government was expected to ask Twitter to become more involved in efforts to monitor misinformation.

Both Roth and Meta CEO Mark Zuckerberg revealed they were approached by the FBI prior to the 2020 election, warning the platforms about foreign propaganda and misinformation. When the New York Post’s bombshell report was first published with weeks to go before the 2020 election, Twitter and Facebook were quick to limit or block sharing of the story in an unprecedented display of coordination. Former Twitter CEO Jack Dorsey has also admitted the social media platform was wrong to intervene in the Hunter Biden story. Last week, Twitter’s new CEO Elon Musk said that he might release more information on how the social media company censored the Biden laptop story.

Read more …

‘I would like to be cancelled so I can go home and read a book and not have to make an a**e of myself all over the world..’

• Eric Idle Insists He Wants To Be ‘Cancelled’ (DM)

Famed English comedian Eric Idle says he wants to be ‘cancelled’ for his comedy. The 76-year-old funnyman, who first rose to fame in the 1960s as a founding member of the Monty Python comedy team, is outspoken about political correctness. He says that there is a lot of bullying going on in the name of decency. ‘I would like to be cancelled so I can go home and read a book and not have to make an a**e of myself all over the world,’ Idle joked in The Daily Telegraph on Tuesday. Idle, who is in Australia to perform a show in Sydney this week, explained in the chat that he thinks comedy is about saying the wrong thing at the right time. ‘You have to remember that Python was offensive when it started. We were not the cuddly old f***ers we are now,’ he told the publication.

‘It was very offensive. The point was absolutely to upset and insult the bourgeois.’ Idle, who is in Australia to perform a show in State Theatre on Thursday, explained that comedy is about saying the wrong thing at the right time, Pictured: Idle in Monty Python’s Life of Brian, a box-office smash despite offending audiences After debuting on the BBC in 1969, Monty Python earned a reputation for outrageous, surreal, often violent and sexual humour. Idle says the point of comedy is to test boundaries and say the ‘unsayable’. ‘And so who are the people saying you can’t do that?’ he says. ‘I don’t understand that. Who is the committee that does this? ‘It sounds a bit like the French Revolution committees, who said, ‘off with his head’. I think a lot of bullying goes on in the name of decency.’

Monty Python, who formally disbanded three decades ago, often attracted notoriety and scandal. Their films Monty Python and The Holy Grail (1975), and Monty’s Python Meaning of Life (1983) became box office hits, while shocking audiences. But it was their 1979 smash Life of Brian, a parody of pious religious movie epics that created a storm of protest around the world. Set in the time of Christ, the film features a climax where the hero, Brian (Graham Chapman), a Jew, is crucified because he has been mistaken as a messiah by the Romans. As he and others hang on crosses, they sing ‘Always Look on The Bright Side of Life,’ a jolly sing along composed by Idle. Condemned by a diverse range of religious groups as blasphemous, Idle says the film would never be made today because ‘you don’t laugh at religion.’

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“Cryptome published the decrypted unredacted State Department Cables on September 1, 2011 prior to publication of the cables by WikiLeaks..”

• Cryptome Founder Asks to Be Indicted With Assange (Lauria)

The founder of a U.S.-based website that earlier published the same un-redacted documents that WikiLeaks publisher Julian Assange was later indicted for has invited the U.S. Department of Justice to make him a co-defendant with Assange. “Cryptome published the decrypted unredacted State Department Cables on September 1, 2011 prior to publication of the cables by WikiLeaks,” John Young wrote in a Justice Department submission form, which Young posted on Twitter on Tuesday. “No US official has contacted me about publishing the unredacted cables since cryptome published them,” he wrote. “I respectfully request that the Department of Justice add me as a co-defendant in the prosecution of Mr. Assange under the Espionage Act.”

Assange has been charged with possession and dissemination of classified information, some of the same material that Young possesses and disseminated. Young founded Cryptome, which he calls a “free public library” in 1996. It was a precursor of WikiLeaks in publishing raw, classified and unclassified government documents on the internet. Young testified at Assange’s extradition hearing in London in September 2020. His sworn statement says: “I published on Cryptome.org unredacted diplomatic cables on September 1, 2011 under the URL https://cryptome.org/z/z.7z and that publication remains available at the present. … Since my publication on Cryptome.org of the unredacted diplomatic cables, no US law enforcement authority has notified me that this publication of the cables is illegal, consists or contributes to a crime in any way, nor have they asked for them to be removed.”

A cornerstone of the Justice Department’s case against Assange is that he recklessly published State Department cables leaked to him by Army Intelligence Analyst Chelsea Manning, which, the U.S. says, endangered the lives of named U.S. informants. Young is asking the Justice Department why he too hasn’t been prosecuted for publishing these names before Assange did. At Manning’s court martial, Brig. Gen. Robert Carr, testified under oath that no one was actually harmed by the WikiLeaks releases. Then Defense Secretary Robert Gates called the leaks “awkward” and “embarrassing” but said they did only “fairly modest” damage to U.S. foreign interests.

Read more …

 

 

 

 

Musk 2008

 

 

 

 

Parking

 

 

DogBrush

 

 

Holidog
https://twitter.com/i/status/1597858949772234752

 

 

 

 

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

 

 

 

 

 

Debt Rattle November 20 2022

Nov 202022
 
 November 20, 2022  Posted by at 9:30 am Finance Tagged with: , , , , , , , ,  51 Responses »


Paul Gauguin Van Gogh painting sunflowers 1888

 

• Musk Reinstates Trump’s Twitter Account After Millions Vote In Poll (JTN)
• War On Everything (El Gato Malo)
• Europe Warns Musk He Must Hire Hundreds Of Moderators (ZH)
• German Public TV Compares Elon Musk to Goebbels (Kogon)
• CBS News Suspends All Twitter Activity (NYP)
• France Should Stop Backing Zelensky – Ex-Presidential Candidate (RT)
• West Is ‘Pushing’ Kiev Toward Talks – Medvedev (RT)
• Germany Warns Against Escalation Between Russia and NATO (RT)
• Goodbye G20, hello BRICS+ (Escobar)
• Ukraine Could Seize Crimea Before Year Ends – MOD (RT)
• ‘Harsh Winter’ Ahead For Ukraine – Lloyd Austin (RT)
• Outcome of Ukraine Conflict Will Help Define 21st Century – Lloyd Austin (RT)
• EU Leaders Accuse US Natural Gas Producers Of Profiteering (IA)
• ‘Laziness Epidemic’ Grips France – Study (RT)

 

 

 

 

Judge Nap- Macgregor MUST watch

 

 


Schwarzenegger

 

 

Old video

 

 

 

 

Tucker FTX

 

 

“If you don’t believe how powerful American propaganda is, they made Fauci and Zelensky the heroes..”

 

 

 

 

• Musk Reinstates Trump’s Twitter Account After Millions Vote In Poll (JTN)

New Twitter owner Elon Musk declared Saturday night that former President Trump’s account will be reinstated. Musk made the decision after polling Twitter users Friday. More than 15 million people responded, with nearly 52% supporting the return of the 45th president to the social platform, “The people have spoken. Trump will be reinstated,” Musk tweeted at about 8 p.m. ET Saturday. The former president’s account was suspended after the Jan.6, 2021, Capitol riot. Since then, Trump has launched his own social platform called Truth Social that has attracted millions of new users. Both Trump and Truth Social CEO Devin Nunes have said the former president plans to stay on his own platform. Trump reiterated that position on Saturday, even as he encouraged followers to vote in Musk’s poll. “Vote now with positivity, but don’t worry, we aren’t going anywhere. Truth Social is special!,” he wrote.

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One of the last things Michael Moore said that made sense, was “You can’t declare war on a noun”. El Gato takes it from there.

• War On Everything (El Gato Malo)

We live in the age of the war machine. The purpose of the war machine is not to produce victory. The purpose of the war machine is to produce war. War unending. War on everything. Permission to think the unthinkable and excuse to do that which is inexcusable. It is the triumph of the terrible and the tyrannical. The war on covid, poverty, injustice, drugs, terrorism: It’s all the same. War is the worst of humanity. It is the end of cooperation, the end of rationality, the abrogation of ethics. War is permission to “do what it takes to win” This cannot be the way. War is the end of good choices and the embrace of conflict, the end of citizens and the pursuit of subjugation. It is the end of humanity and the beginning of amoral destruction of the enemy. Perfect for politicians. Anathema to the free breath of we the people.

This is jingo as justification. It’s the supplanting of rights by righteousness. And this war machine will roll right over you and if it does its job well you will never even guess at the real reasons why. The facts and faces may change, but the war will not. It will take from you those most fundamental rights and choices and replace them with the fist, with violence, with taking. The war on drugs takes the free choice of free people and replaces it with 27 kinds of new statist intrusion breaking down doors with unaccountable no knock warrants and systems of international collaboration giving rise to vast police and surveillance states. Has it stopped drugs or even made headway? Nope. Does it have any ethical basis in a world where our own intelligence agencies traffic in the very narcotics our police profess to suppress? Nope.

It just oppresses you and takes the rights of peaceful people and shifts to unsafe and violent black markets that which was once free. It just tightens the net around you and the endless failure to win is right there in the design. The goal is not to stop drugs. The goal is to rule and to profit. The war on poverty is just the same. It seeks to take by force from some and give to others. Has it alleviated poverty? No. By most credible accounts, it has made it FAR worse among those it purports to help from the african american community in the US that was literally devastated by the so called “great society” programs to the african african community in africa where endless, meddling aid has made dependencies of countries while preventing real domestic industry and self sufficiency from emerging for who can open and support a store or a farm when trucks of free rice arrive daily and aid money is laundered into vast programs of profiteering by folks like the gates foundation? It has enabled 700 kinds of grift and grasping rapacity.

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Some two-bit little man trying to make himself look powerful.

• Europe Warns Musk He Must Hire Hundreds Of Moderators (ZH)

At a time when Musk is cutting hundreds if not thousands of workers on a weekly basis, early on Friday Europe delivered some unexpected news to the world’s richest man: according to Thierry Breton, the EU’s internal market commissioner, Musk will have to increase the number of moderators in Europe, a continent which long ago gave up all pretense of having free speech. “He is in the process of reducing a certain number of moderators, but he will have to increase them in Europe,” Breton told Franceinfo in an interview, Bloomberg reported. Breton added that Musk “will have to open his algorithms. We will have control, we will have access, people will no longer be able to say rubbish.”

By “rubbish” he meant anything that Europe’s unelected technocrats disagree with, which these days is anything not endorsed by the World Economic Forum. Breton earlier warned that Twitter would have to “fly by our rules,” shortly after Musk closed his $44 billion takeover last month. The EU’s Digital Services Act gives governments power to enforce rules governing how tech companies moderate content and to decide when they must take down illegal content. The DSA specifically will also force companies to moderate content in the languages they operate in, according to Bloomberg.

If Musk doesn’t comply, Twitter will face fines of as much as 6% of annual sales and could even be banned. Breton said he had proposed establishing a “working relationship” with Musk to discuss Europe’s expectations of the social media platform. “He knows perfectly well what the conditions are for Twitter to continue operating in Europe,” Breton said, and he is right: Europe is one so-called “Democracy” where nobody even pretends there is freedom of speech even as it bashes authoritarianism in places like China and Russia; and sadly it’s a preview of what is coming to the US.

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It’s a German specialty after all. Meanwhile, that country is falling apart fast.

• German Public TV Compares Elon Musk to Goebbels (Kogon)

After Germany’s “first” public television network, ARD, compared Elon Musk reducing Twitter censorship to “letting rats out of their holes,” Germany’s “second” public television network, ZDF, has now compared Musk to Nazi Propaganda Minister Joseph Goebbels! (The network’s name Zweites Deutsches Fernsehen literally means “Second German Television.”) Thus, last Friday, ZDF’s would-be comedy program, the “Heute Show,” posted the below tweet and photoshop.. The Tweet reads: “Thanks to Elon Musk, you’re allowed to say anything again on Twitter! Total freedom of speech! #heuteshow.” The caption, whose color scheme and font invoke Nazi-era propaganda, reads “Do you want total tweet?”

It is an allusion to Goebbels’s 1943 speech at the Berlin Sportspalast, in which the Nazi Minister of Propaganda famously shouted, “Do you want total war?” – in response to which audience members leapt to their feet shouting “Yes!” and raising their arms in the Hitler-salute. The background image appears to show a Nazi Party rally with the swastikas replaced by the Twitter bird logo. Two smaller swastikas are still visible in the lower left-hand corner of the full-size image. Leaving aside the extreme mental contortionism required to associate freedom of speech with Nazi Germany, if ever there was a don’t-throw-stones-in-glass-houses moment, this was it. For, as so happens, during the Second World War, the founding director of ZDF, Karl Holzamer, himself served in one of the propaganda units that none other than Goebbels’s Ministry of Propaganda embedded with the different divisions of the Germany military.


Holzamer served in a propaganda unit of the Luftwaffe or German air force. As noted in a 2012 article titled “Goebbels’s Soldiers” in the German daily Die Frankfurter Rundschau, Holzamer was embedded with the Luftwaffe during its April 1941 bombing of Belgrade and was “the first” to report on the German subjugation of the Yugoslav capital. The online Lexikon der Wehrmacht, which also notes Holzamer’s service in the propaganda troops, cites Goebbels himself, who explained that “the Wehrmacht’s propaganda troops ensure the coordination between propaganda warfare and armed warfare in the theater of operations.”

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Musk inch perfect on Twiter: “Who made that decision?” “Oh, never mind, who cares?”

• CBS News Suspends All Twitter Activity (NYP)

Fearful of the “uncertainty” surrounding Elon Musk’s management of Twitter, CBS News announced that it would be suspending its usage of the social media site. CBS News is one of first major media entities to flee Twitter in the wake of threats from many Musk critics to leave the platform once the billionaire Tesla CEO took over the company. The major news network confirmed the move during Friday’s episode of “CBS Evening News with Norah O’Donnell.” Coverage began with the network reporting on the mass resignations of employees offended by Musk’s “ultimatum” from earlier this week. In his quest to streamline the company, the world’s richest man emailed all employees asking them to commit to an “extremely hardcore” workload or leave the company.

The “ultimatum,” as many disgruntled folks called it, prompted backlash from onlookers who trashed the company under Musk, some calling it a “hellscape.” The ensuing chaos from Musk’s email, as well as the general vitriol generated by him taking over the reins of company, did not sit well with CBS News. During its segment, titled “Twitter Turmoil,” CBS News national correspondent Jonathan Vigliotti reported in a dire tone, “Tonight, as questions mount over Twitter’s future, Elon Musk offers little reassurance he has a permanent plan, tweeting, ‘What should Twitter do next?’” The story featured a quote from a disgruntled former engineer who was laid off, who claimed that the culture of Twitter under Musk was “definitely a culture of fear and uncertainty, of anxiety.”

Apparently, that anxiety made quite an impression on CBS News. In the middle of the segment, Vigliotti reported the outlet’s decision to pause its usage of Twitter. He reported, “In light of the uncertainty around Twitter, and out of an abundance of caution, CBS News is pausing its activity on the social media site as it continues to monitor the platform.”

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“Let’s stop supporting this dangerous man. [We should] urgently make up a peace plan,” he added.”

• France Should Stop Backing Zelensky – Ex-Presidential Candidate (RT)

France should stop supporting Ukrainian President Vladimir Zelensky after he almost incited a global conflict by alleging that a recent deadly blast in Poland, a NATO member, was caused by a Russian missile, former presidential candidate Nicolas Dupont-Aignan suggested on Saturday. Writing on Twitter, Dupont-Aignan, who heads the right-wing party Debout la France and has run for the presidency several times, said that “by launching a missile at Poland and accusing the Russians, Zelensky almost triggered World War III.” “Let’s stop supporting this dangerous man. [We should] urgently make up a peace plan,” he added.

Following up on his post, he claimed that the Ukraine conflict could be resolved only if Moscow and Kiev agree to a ceasefire and autonomy is given to the two Donbass republics, as the Minsk agreements were designed to do. Both the Donetsk and Lugansk People’s Republics recently overwhelmingly voted to join Russia in public referendums. The politician also argued that any peace plan would have to include “Russia’s retreat” and “Ukraine’s neutrality.” On Tuesday, two civilians were killed when a missile landed in the Polish village of Przewodow near the Ukrainian border. Shortly after the incident, Poland signaled that it may invoke Article 4 of the NATO Treaty, which allows any member of the bloc to request consultations if it believes that its security is at risk. Western officials subsequently admitted that the missile was of Ukrainian and not Russian origin.

However, following the blast, Zelensky pinned the blame on Russia, calling the incident “a very serious escalation” and as an attack on NATO that demands a response. Later, however, he toned down his claims, admitting that “we do not know for 100%” what caused the explosion. The Russian Defense Ministry denied any involvement in the incident, saying its military experts had analyzed the photos from the scene and identified the debris as parts of an S-300 air defense system missile used by Ukraine. France, along with many other Western countries, has been providing Ukraine with military aid to support it in its fight against Russia. In recent months, Paris has sent to Kiev a number of Caesar self-propelled howitzers, MILAN anti-tank missiles, and other military hardware.

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“..if [Zelensky] does not accept the reality of Ukraine’s collapse, it is pointless to sit down at the [negotiating] table. And if [he] does accept it – he will be taken out by his own nationalists, who are intertwined with the army top brass.”

• West Is ‘Pushing’ Kiev Toward Talks – Medvedev (RT)

The collective West is growing tired of Ukrainian President Vladimir Zelensky and is “pushing” Kiev into talks with Moscow, former Russian President Dmitry Medvedev said in a Telegram post on Saturday. He added that the US and NATO don’t want to risk a new world war. The reaction to the missile strike that hit the Polish village of Przewodow on Tuesday, killing two civilians, has revealed a new “symptom” in this trend, with even “the most ardent Russophobes” in Warsaw refusing to blame the incident on Moscow, the ex-president commented. On Friday, Warsaw said the strike was an “unfortunate accident” that was “practically impossible” to prevent. Kiev has repeatedly tried to blame the strike on Moscow.

The Russian military, meanwhile, said it did not carry out any launches near the Ukrainian-Polish border at the time, while analysis of photos from the site showed that the projectile was an S-300 anti-aircraft missile operated by Ukraine’s military “Everyone is tired of the Kiev regime. Especially of the neurotic Zelensky, who is constantly whipping up tensions, whining, sniveling and extorting more and more money and weapons handouts. [He] acts like a hysterical child with developmental problems,” Medvedev stated. Fatigue with Kiev and its actions is prompting the collective West to “push” Ukraine into talks with Russia, the deputy head of the nation’s Security Council continued. “The US, NATO and the European Union do not want a complete rupture with Russia, risking a third world [war]. Hence, the frequent attempts to rein in Kiev and bring it to its senses, to push it to negotiate,” Medvedev wrote.

By refusing to talk with Russia, Zelensky is actually pursuing much more mundane and selfish goals, Medvedev suggested. He added that “if [Zelensky] does not accept the reality of Ukraine’s collapse, it is pointless to sit down at the [negotiating] table. And if [he] does accept it – he will be taken out by his own nationalists, who are intertwined with the army top brass.” The former president’s comments came as several leading politicians in the West, including French President Emmanuel Macron, have repeatedly called for direct talks between Kiev and Moscow. Recent reports have also indicated that Washington has been privately pushing Ukraine to drop its uncompromising rejection of the peace process with Russia. Last week, the chairman of the US Joint Chiefs of Staff, General Mark Milley, suggested that a Ukrainian military victory might be unachievable and that winter could provide an opportunity to begin talks with Moscow.

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Noted that Scholz, Sunak, Zelensky are all 1.70m (5’58”). That’s a lot of complexes to make up for. Even Macron is a whole inch taller.

• Germany Warns Against Escalation Between Russia and NATO (RT)

The West should do its best to prevent an escalation between Russia and NATO, German Chancellor Olaf Scholz said on Saturday, while stressing that it is necessary to continue providing Ukraine with arms to fight Russia. Speaking at a conference of the Social Democratic Party in the southern German city of Friedrichshafen, Scholz admitted that many European citizens “are scared, and have reasons for it.” While highlighting the importance of supporting Ukraine militarily, he noted that Western countries should “be concerned that there is no escalation that could lead to a war between Russia and NATO.” “It is important to act prudently and decisively at the same time,” he added.

Scholz’s comments come after last month he warned against taking “careless steps” amid the Ukraine conflict. “There must be no direct conflict between Russia and NATO,” he stressed at the time. With relations between the West and Russia already having hit new lows after Moscow started its military operation in Ukraine, fears of a direct clash between Russia and NATO were recently triggered by a missile having landed in a Polish village close to the Ukrainian border. Shortly after the incident, the Polish Foreign Ministry claimed that the projectile was “Russian-made.” Later, the nation’s authorities signaled that they may invoke Article 4 of the NATO Treaty, which allows any bloc member to request consultations if it believes that its security is at risk.

Following the blast, Zelensky pinned the blame on Russia, calling the incident “a very serious escalation” and an attack on NATO that demanded a response. Ultimately, however, Western officials admitted that the missile was of Ukrainian and not Russian origin. The Russian Defense Ministry denied any involvement in the incident, saying its military experts had analyzed the photos from the scene and identified the debris as parts of an S-300 air defense system missile used by Ukraine. Germany, along with many other Western countries, has been providing Ukraine with military hardware, including Gepard anti-aircraft guns, MARS II multiple rocket launchers, and the IRIS-T air defense system. Moscow has repeatedly warned that weapons shipments will only prolong the Ukraine conflict.

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“..the recent record shows Xi has few reasons to take Biden at face value..”

• Goodbye G20, hello BRICS+ (Escobar)

The increasingly irrelevant G20 Summit concluded with sure signs that BRICS+ will be the way forward for Global South cooperation. The redeeming quality of a tense G20 held in Bali – otherwise managed by laudable Indonesian graciousness – was to sharply define which way the geopolitical winds are blowing. That was encapsulated in the Summit’s two highlights: the much anticipated China-US presidential meeting – representing the most important bilateral relationship of the 21st century – and the final G20 statement. The 3-hour, 30-minute-long face-to-face meeting between Chinese President Xi Jinping and his US counterpart Joe Biden – requested by the White House – took place at the Chinese delegation’s residence in Bali, and not at the G20 venue at the luxury Apurva Kempinski in Nusa Dua.

The Chinese Ministry of Foreign Affairs concisely outlined what really mattered. Specifically, Xi told Biden that Taiwan independence is simply out of the question. Xi also expressed hope that NATO, the EU, and the US will engage in “comprehensive dialogue” with Russia. Instead of confrontation, the Chinese president chose to highlight the layers of common interest and cooperation. Biden, according to the Chinese, made several points. The US does not seek a New Cold War; does not support “Taiwan independence;” does not support “two Chinas” or “one China, one Taiwan”; does not seek “decoupling” from China; and does not want to contain Beijing. However, the recent record shows Xi has few reasons to take Biden at face value.

The final G20 statement was an even fuzzier matter: the result of arduous compromise. As much as the G20 is self-described as “the premier forum for global economic cooperation,” engaged to “address the world’s major economic challenges,” the G7 inside the G20 in Bali had the summit de facto hijacked by war. “War” gets almost double the number of mentions in the statement compared to “food” after all. The collective west, including the Japanese vassal state, was bent on including the war in Ukraine and its “economic impacts” – especially the food and energy crisis – in the statement. Yet without offering even a shade of context, related to NATO expansion. What mattered was to blame Russia – for everything.

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This kind of fantasy costs a lot of lives.

• Ukraine Could Seize Crimea Before Year Ends – MOD (RT)

Ukraine could capture Russia’s Crimea by the end of this year, the country’s deputy defense minister, Vladimir Gavrilov, has said. In an interview with Sky New on Saturday, Gavrilov stated that what is known as a ‘black swan’ – or a sudden and unexpected event – could bring about Kiev’s victory. “I think Russia can face a black swan in their country, inside Russia, and this can contribute to [our] success with Crimea,”he said, adding that there was “also a military option as well with some kind of combination of forces, resources and something else.” “We can step into Crimea, for example, by the end of December. Possible? Possible. Not ruling out that it can be so,” Gavrilov added.

When asked what type of a black swan event could happen in the coming months, Gavrilov suggested that Russian President Vladimir Putin could “disappear, for example, due to some reason, physical and political,” or that the Russian public could become “disillusioned” with the situation on the battlefield. Echoing a previous statement by Ukrainian President Vladimir Zelensky, Gavrilov said that Kiev would resume negotiations with Russia “only when they’re ready to leave our territories.” Expressing optimism about Ukraine’s chances, Gavrilov stated: “My feeling is that by the end of spring this war will {be} over.” Crimea broke away from Ukraine and voted to join Russia shortly after the 2014 coup in Kiev.

In July, Former Russian president Dmitry Medvedev said that the refusal “by Ukraine or any NATO state” to consider Crimea a part of Russia would be considered a threat. In early October, the Donetsk and Lugansk People’s Republics, as well as Ukraine’s former Zaporozhye and Kherson Regions, officially became part of Russia following referendums that saw the majority of local residents vote in favor of accession. Last week, Russian troops withdrew from Kherson, amid concerns that Ukrainian forces could destroy a nearby hydroelectric dam, thus provoking flooding that could cause the deaths of soldiers and civilians. Putin said in late September that Moscow would defend the new territories “with full force and all means at our disposal.”

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“..Austin claimed that Ukraine’s population would rather go without electricity and heat than have talks with Moscow..”

You asked them?

• ‘Harsh Winter’ Ahead For Ukraine – Lloyd Austin (RT)

US Secretary of Defense Lloyd Austin warned on Saturday that Ukraine faces a “harsh winter,” as Russia continues missile strikes on its infrastructure. Earlier, the chairman of the US Joint Chiefs of Staff, General Mark Milley, suggested that Kiev should take the opportunity to talk with Moscow. Speaking at the Halifax Security Forum in Canada, Austin praised the Ukrainian military’s efforts against Russia, but cautioned that “hard times lie ahead as Ukraine faces a harsh winter.” Although Ukraine has received tens of billions of dollars worth of weapons from the US and NATO, Russian drone and missile strikes have been pounding its command centers and energy infrastructure since early October. These launches have, according to Ukrainian authorities, left 40% of the country’s power infrastructure destroyed or damaged.

Amid the destruction of Ukraine’s infrastructure, a split has reportedly emerged within the White House. Some top-level Biden administration officials are urging Kiev to keep fighting Russia “for as long as it takes,” whereas Milley has declared that Ukraine cannot win militarily and should instead seize “an opportunity to negotiate.” In his address on Saturday, Austin claimed that Ukraine’s population would rather go without electricity and heat than have talks with Moscow. However, he reiterated that the US would “not be dragged into [Russian President Vladimir] Putin’s war,” but would continue to funnel arms to Kiev.

Russia sent troops into Ukraine on February 24, citing Kiev’s failure to implement the Minsk agreements, designed to give the regions of Donetsk and Lugansk special status within the Ukrainian state. Earlier, the Kremlin recognized the Donbass republics as independent states and demanded that Ukraine officially declare itself a neutral country that will never join any Western military bloc. Kiev insists the Russian offensive was completely unprovoked. In early October, the Donetsk and Lugansk People’s Republics, as well as Zaporozhye and Kherson Regions, officially became part of Russia following referendums that saw the majority of local residents vote in favor of accession.

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Open. Door.

• Outcome of Ukraine Conflict Will Help Define 21st Century – Lloyd Austin (RT)

US Secretary of Defense Lloyd Austin declared on Saturday that the outcome of the conflict in Ukraine will shape the geopolitical order of the 21st century. The West’s “stability and prosperity” is on the line, he stressed. “The outcome of the war in Ukraine will help determine the course of global security in this young century,” Austin told an audience at the Halifax Security Forum in Canada. “And those of us in North America don’t have the option of sitting this one out.” “Stability and prosperity on both sides of the Atlantic are at stake,” he continued, asserting that Russia’s military operation “tears at the rules-based international order that keeps us all secure.”

“Rules-based international order” is a term often used interchangeably with “liberal world order.” It encompasses the web of Western-dominated institutions – such as the World Bank, World Trade Organization, UN, EU, and NATO – that have regulated global diplomacy, trade, and conflict since the end of World War II. Commenting on this approach before, Russian President Vladimir Putin has argued that, rather than benefiting the whole world, this order serves as an instrument of “unipolar hegemony,” used by the US to make the rest of the world its “vassals.”

“The West is insisting on a rules-based order,” he remarked in a speech in September. “Where did that come from anyway? Who has ever seen these rules? Who agreed or approved them?” “Russia is a great thousand-year-old power, a whole civilisation, and it is not going to live by such makeshift, false rules,” he declared. Putin has spoken on numerous occasions of building a competing “multipolar” world order, in which multiple superpowers balance and constrain each other, and disputes are settled in accordance with laws rather than Western-dictated “rules.” Earlier this week, Chinese Foreign Minister Wang Yi declared that Beijing stands ready to work with Russia “and other like-minded countries to promote the development of a multipolar world.”

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“It’s hardly a surprise he did not go into detail on how this affordable price would be achieved. …This is a free market, isn’t it?”

• EU Leaders Accuse US Natural Gas Producers Of Profiteering (IA)

European leaders are unhappy with natural gas prices. Some leaders are insisting that the EU impose a price cap on all natural gas imports, regardless of origin, – notes Oilprice.com. France’s president Emmanuel Macron accused the United States of a “double standard” because of the difference between the price at which liquefied natural gas produced in the U.S. sells in Europe and the price at which natural gas sells within the U.S. “The North American economy is making choices for the sake of attractiveness, which I respect, but they create a double standard,” Macron said, also adding that “they allow state aid going to up to 80% on some sectors while it’s banned here – you get a double standard.”

He wasn’t alone among European national leaders in being unhappy about gas prices. In fact, as many as 15 leaders were unhappy, and they insisted that the EU imposes a price cap on all natural gas imports, regardless of origin. Now, the U.S. is striking back at the accusations. “What’s happening is the companies that hold those long-term contracts with US LNG producers, they’re marking that up and earning that margin in the European market,” Brian Crabtree, an assistant secretary at the Department of Energy, – told the Financial Times. “It’s not the US LNG company, it’s basically European-headquartered international oil companies and traders.” Indeed, producers of liquefied natural gas do not invariably sell their product directly to the consumer, in the face of a country in Europe, for instance, They work with commodity majors such as Vitol and Trafigura, or the supermajors, including BP and Shell.

This is not to say that LNG producers are not benefiting from the much stronger demand for LNG from Europe. And this is exactly the reason they have been benefiting, in the form of higher profits: demand has surged, and when demand surges, prices follow, especially if supply is not growing as fast as demand. In other words, Europe seems to want businesses to not act as businesses and take every opportunity to make a profit, which is what businesses are all about. Be that as it may, a Ministry of Energy analyst, told the FT that the U.S. was committed to helping Europe get enough gas “at a price that is affordable to the continent.” It’s hardly a surprise he did not go into detail on how this affordable price would be achieved. …This is a free market, isn’t it?

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“..prevents nearly half of the French population from leaving their homes..”

• ‘Laziness Epidemic’ Grips France – Study (RT)

Laziness regularly prevents nearly half of the French population from leaving their homes, a new study has revealed. The “epidemic of laziness,” which is affecting roughly 45% of the population, is a direct consequence of the Covid lockdowns, the researchers say. “This laziness to leave home particularly affects the medium age groups: 52% among 25-34 year olds and 53% among 35-49 year olds, against only 33% of those 65 and over,” according to the study by the International Market Research Group (IFOP) and the Jean-Jaures foundation think tank. The survey, which was published last week, found that “the appeal of the sofa seems to be very powerful,” and the word “bed” had positive connotations for 74% of the respondents.

According to the research, the pandemic and strict lockdowns have had “a profound impact” on the attitude of the French to work, family life, free time, and personal space. Some 37% of respondents said they were less motivated than before in their work, and 41% complained about feeling more tired. The increase in fatigue seems to occur regardless of gender, age, social background, and location and “affects the morale of the population,” according to the research. From a historical standpoint, the attitudes of the French to ‘work-life balance’ have changed even more dramatically, the study shows. In 1990, 60% of French people believed that work was “very important,” compared to only 24% in 2021.

In 1953, 54% of employed adults believed that they had a good work-life balance. Now, only 39% think that is the case, while 48% of respondents “consider themselves to be losers.” This “movement of tectonic plates,” as the study puts it, was exacerbated by the Covid pandemic, but its origins are related to the general “devaluation of certain business experiences.” Regular lay-offs of long-term staff and management focusing solely on financial achievement “have altered the relationship” between employers and employees, the research claims. Some 1,001 French adults took part in the research, which was conducted online between September 1 and 2.

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Anthrax Ukraine

 

 

 

Canada

 

 

 

 

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Debt Rattle November 13 2022

Nov 132022
 
 November 13, 2022  Posted by at 9:54 am Finance Tagged with: , , , , , , , , , , ,  50 Responses »


Salvador Dali The three pines 1919

 

• UK and EU To Try To Isolate Russia At G20 Summit (RT)
• The New Candidate Countries For BRICS Expansion (SRB)
• Surovikin’s Difficult Choice (Big Serge)
• Tens of Billions Transferred to Ukraine and Laundered Through FTX (GP)
• The FTX-Alameda Nexus (Coppola)
• Up To $2 Billion In Client Money Missing In Crypto Giant FTX Collapse (NYP)
• First Batch Of Blocked Russian Fertilizers Allowed To Leave EU Port (RT)
• Showdown Slow Down (Jim Kunstler)
• Crrraaaazy Wally -Street, That Is- (Denninger)
• Ports Clogged With Containers As World Trade Stumbles (ZH)
• Developing Nations Demand Rich Countries Pay For Climate Change (RT)
• US Intel Report Vilifies Key Ally UAE – WaPo (RT)
• La Scala Replies To Call To ‘Cancel’ Russian Composers (RT)
• Elon Musk In Court Over $56 Billion Tesla Bonus (Telegraaf)

 

 

 

 

 

 

 

 

 

 

 

 

Who will be isolated? The collective west.

• UK and EU To Try To Isolate Russia At G20 Summit (RT)

The UK and the EU intend to coordinate their efforts and do “everything possible” to make the Russian delegation feel unwelcome at the upcoming G20 summit in Indonesia’s Bali, a British media outlet has claimed. The Telegraph pointed out, however, that China, and possibly several other key players, is highly unlikely to follow suit. “We try to work with partners in order to show very, very, very firmly what the international community thinks about all these crimes, atrocities, and illegal actions by Russia,” a spokesperson for the EU’s foreign affairs service told the paper. The spokesperson explained that the bloc, together with the UK, will not only shun Russian Foreign Minister Sergey Lavrov and stage walkouts during addresses by Moscow’s delegation, but also try to convince other nations to do the same.

According to the anonymous official, while the “UK is not keen on coordinating with the EU on foreign policy in general,” the concerted efforts to isolate Russia have proven to be an exception, as London and Brussels “have the same objective.” The report also quoted a French government source as saying that the meeting in Bali will not be “business as usual” and will center on the Ukraine conflict. “There will be a coalition and Russia is isolated,” the official concluded. The article noted, however, that the total isolation of Russia at the event is unlikely, as the country enjoys close relations with China. One unnamed EU official told the paper that Moscow and Beijing are expected to water down any joint statement calling for de-escalation in Ukraine.

The report also suggested that the likes of India, Saudi Arabia and Türkiye, which have not joined Western sanctions against Moscow, could break ranks with the EU and UK this time as well. Relations between Moscow and the West have hit an all-time low in the wake of the Russian military operation in Ukraine. However, Moscow has insisted that any attempts to isolate the country will fail. The key organizations that Russia is part of, such as BRICS, are also expanding. In fact, South African President Cyril Ramaphosa revealed following a meeting with Saudi Crown Prince Mohammed bin Salman last month that Riyadh would like to join BRICS, which currently comprises Brazil, Russia, India, China, and South Africa. On top of that, media reports claimed back in July that Türkiye and Egypt might also be interested. Since the start of the year three countries – Iran, Argentina, and Algeria – have officially applied to join BRICS.

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I’d say the list is pretty much endless. Once you have South Africa, Nigeria, Egypt and Senegal, all African countries will want to join. Same in South America, Asia.

• The New Candidate Countries For BRICS Expansion (SRB)

The Russian Foreign Minister, Sergey Lavrov has stated that ‘over a dozen’ countries have formally applied to join the BRICS grouping following the groups decision to allow new members earlier this year. The BRICS currently includes Brazil, Russia, India, China and South Africa. It is not a free trade bloc, but members do coordinate on trade matters and have established a policy bank, the New Development Bank, (NDB) to coordinate infrastructure loans. That was set up in 2014 in order to provide alternative loan mechanisms from the IMF and World Bank structures, which the members had felt had become too US-centric.

The Asian Infrastructure Investment Bank (AIIB) was set up by China at about the same time for largely the same reasons and to offer alternative financing than that provided by the IMF and World Banks, which were felt to impose political reform policies designed to assist the United States in return for providing loans. Both the NDB and AIIB banks are Triple A rated and capitalised at US$100 billion. The NDB bank shares are held equally by each of the five members. In total, the BRICS grouping as it currently stands accounts for over 40% of the global population and nearly a quarter of the world’s GDP. The GDP figure is expected to double to 50% of global GDP by 2030. Expanding BRICS will immediately accelerate that process.

Concerning a BRICS expansion, Lavrov stated that Algeria, Argentina, and Iran had all applied, while it is already known that Saudi Arabia, Türkiye, Egypt and Afghanistan are interested, along with Indonesia, which is expected to make a formal application to join at the upcoming G20 summit in Bali. Other likely contenders for membership include Kazakhstan, Nicaragua, Nigeria, Senegal, Thailand and the United Arab Emirates. All had their Finance Ministers present at the BRICS Expansion dialogue meeting held in May. We can examine the basic economic data of the proposed new BRICS members as follows. GDP figures given are nominal, 2022 growth rates are based on the first 9 months of the year from data issued by the respective Central Banks.

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Not fully convinced.

• Surovikin’s Difficult Choice (Big Serge)

Here is what I think Surovikin decided about Kherson. Kherson was becoming an inefficient front for Russia because of the logistical strain of supplying forces across the river with limited bridge and road capacity. Russia demonstrated that it was capable of shouldering this sustainment burden (keeping troops supplied all through Ukraine’s summer offensives), but the question becomes 1) to what purpose, and 2) for how long. Ideally, the bridgehead becomes the launching point for offensive action against Nikolayev, but launching an offensive would require strengthening the force grouping in Kherson, which correspondingly raises the logistical burden of projecting force across the river. With a very long front to play with, Kherson is clearly one of the most logistically intensive axes.

My guess is that Surovikin took charge and almost immediately decided he did not want to increase the sustainment burden by trying to push on Nikolayev. Therefore, if an offensive is not going to be launched from the Kherson position, the question becomes – why hold the position at all? Politically, it is important to defend a regional capital, but militarily the position becomes meaningless if one is not going to go on the offensive in the south. Let’s be even more explicit: unless an offensive towards Nikolayev is planned, the Kherson bridgehead is militarily counterproductive. While holding the bridgehead in Kherson, the Dnieper River becomes a negative force multiplier – increasing the sustainment and logistics burden and ever threatening to leave forces cut off if Ukraine succeeds in destroying the bridges or bursting the dam.

Projecting force across the river becomes a heavy burden with no obvious benefit. But by withdrawing to the east bank, the river becomes a positive force multiplier by serving as a defensive barrier. In the broader operational sense, Surovikin seems to be declining battle in the south while preparing in the north and in the Donbas. It is clear that he made this decision shortly after taking command of the operation – he has been hinting at it for weeks, and the speed and cleanliness of the withdrawal suggests that it was well planned , long in advance. Withdrawing across the river increases the combat effectiveness of the army significantly and decreases the logistical burden, freeing resources for other sectors. This fits the overall Russian pattern of making harsh choices about resource allocation, fighting this war under the simple framework of optimizing the loss ratios and building the perfect meatgrinder.

Read more …

Money Laundering 101.
1. Foreign aid goes to Ukraine.
2. Ukraine invests in $FTX
3. $FTX donates back to the Democratic Party.

• Tens of Billions Transferred to Ukraine and Laundered Through FTX (GP)

We have information that the tens of billions of dollars going to Ukraine were actually laundered back to the US to corrupt Democrats and elites using FTX cryptocurrency. Now the money is gone and FTX is bankrupt. Earlier today we reported that the FTX cryptocurrency appeared to be used in a ponzi scheme involving the Democrats and Ukraine. As reported earlier, the FTX crypto company gave at least $40 million to Democrat candidates and causes in the midterms. Sam Bankman-Fried is Biden’s second biggest donor. In addition to this, Daily Caller lists many of the lawmakers who Sam Bankman Fried was bankrolling who oversaw the institution that was supposed to keep on eye on companies like FTX:

“Sam Bankman-Fried, prolific Democratic donor and ex-CEO of now-bankrupt cryptocurrency exchange FTX, funded the campaigns of members of Congress overseeing the Commodity Futures Trading Commission (CFTC), one of the key bodies tasked with regulating the crypto industry and the subject of Bankman-Fried’s aggressive lobbying. Bankman-Fried’s FTX is currently under investigation by the CFTC and the Securities and Exchange Commission (SEC) after Bankman-Fried allegedly moved $10 billion in client assets from his crypto exchange to his trading firm Alameda Research, and a liquidity crisis at his exchange which prompted the company to file for bankruptcy. However, prior to the agency’s probe, Bankman-Fried aggressively courted the CFTC – and funded several key lawmakers charged with overseeing the agency, pouring cash into their campaign coffers.”

FTX also happens to be related to Ukraine. The far-left Washington Post reported on March 3 that Ukraine was dealing in crypto. “The Ukrainian government has gathered more than $42 million in cryptocurrency donations since Saturday, plus digital artwork including a limited edition worth roughly $200,000, according to blockchain analytics firm Elliptic. The challenge is how the country cashes in on these assets to fund its war needs.” Then less than a week later FTX made the news for involving itself in Ukraine: “Amid the Russian invasion of Ukraine, the CEO of FTX, Sam Bankman Fried has come forward to help a crypto donation project. He humbly announced that FTX will be supporting the Ukrainian Ministry of Finance and other communities in collecting crypto donations for the country. The Ukrainian government has received over $60 million in crypto donations from all over the world.”

“FTX’s CEO, Sam Bankman Fried highlighted that the war in Ukraine has been dragging on. The country is in full need of humanitarian help and access to global financial infrastructure. He also called attention to sanctions and crypto during this kind of situation. He indicated that crypto exchanges should enforce sanctions announced by the government seriously. FTX has stressed across all of its regulatory and policy efforts, active coordination and communication with regulators and policymakers is crucial to ensuring that laws and rules achieve their intended outcome, reads a letter by FTXPointing out the urgency to help the nation Sam Bankman announced that the FTX team is honored to support the Ukrainian Ministry of Finance in simplifying the donation process.”

Read more …

Create you own token… “Customer assets deposited on the exchange are routinely lent to the hedge fund against collateral consisting of the exchange’s tokens.”

• The FTX-Alameda Nexus (Coppola)

The young, dynamic, ambitious owner of a crypto hedge fund – let’s call him “Joe” – sets up a crypto exchange. To start with, this just enables his hedge fund can trade without having to pay margin or exchange fees. But Joe has larger ambitions. He wants to run the biggest and best exchange in the world. And he wants to make money from it. Lots and lots of money. Trillions of dollars, in fact. Now, his hedge fund can make money by taking risky leveraged positions, but it has to raise funds, and that’s not cheap. And his exchange can make money by charging fees on transactions, but although that can be a nice slow steady income, it’s not going to make him the trillions of dollars he wants.

But Joe’s spotted an opportunity. The exchange has lots of customer assets that aren’t earning anything. If he puts those customer assets to work, he can earn far more from his exchange customers. And he’s got an obvious vehicle through which to put them to work. The hedge fund. If he transfers customer assets on the exchange to the hedge fund, it can lend or pledge them at risk to earn megabucks. Of course, there’s a risk that the hedge fund could lose some or all of the customers’ funds. And the exchange promises that customers can have their assets back on demand, which could be a trifle problematic if they are locked up in leveraged positions held by the hedge fund. But this is crypto. There’s an easy solution. The exchange can issue its own token to replace the customer assets transferred to the hedge fund.

The exchange will report customer balances in terms of the assets they have deposited, but what it will actually hold will be its own token. If customers request to withdraw their balances, the exchange will sell its own tokens to obtain the necessary assets – after all, crypto assets, like dollars, are fungible. For this to work, however, the token must reliably hold its value. So the exchange creates more of the tokens than are needed to replace customer balances, and the hedge fund actively buys and sells them on the exchange, thus creating a market in the things and pumping the price. The price rockets, inflating the balance sheets of both the hedge fund and the exchange, and making $billions in unrealised profits for Joe and his investors – of whom there are suddenly a whole lot more, including some exceedingly respectable institutional investors.

It works brilliantly. So, this becomes Joe’s business model. Customer assets deposited on the exchange are routinely lent to the hedge fund against collateral consisting of the exchange’s tokens. There’s a massive and growing mismatch between the asset balances reported to customers on the exchange and the assets the exchange actually holds. But it doesn’t matter, because the token is highly liquid and the value of the tokens pledged as collateral comfortably exceeds the value of the missing customer assets. And the exchange can easily honour all withdrawal requests by trading out its own tokens. Indeed, the tokens are doing so well that even when the hedge fund suffers serious losses in a crypto crash, the exchange is able to bail it out. It’s completely self-sustaining. That is, until the token’s value crashes.

Read more …

“SBF and two FTX associates are currently being detained by authorities in the Bahamas, a source tells Cointelegraph..”

• Up To $2 Billion In Client Money Missing In Crypto Giant FTX Collapse (NYP)

At least $1 billion of customer funds — and possibly as much as $2 billion — have gone missing in the implosion of the crypto currency exchange FTX, according to reports. FTX’s flamboyant founder, Sam Bankman-Fried, known in the industry as “SBF,” secretly funneled $10 billion of customer funds into his trading company, Alameda Research, sources told two media outlets. Alameda Research is run by Bankman-Fried’s girlfriend, Caroline Ellison. Two senior FTX officials claimed they saw the evidence that the money was missing in copies of financial records Bankman-Fried shared with company executives last week, according to Reuters.


On Friday, Bankman-Fried stepped down from his CEO position as the Bahamas-based FTX filed for Chapter 11 bankruptcy, after scrambling to shore up an $8 billion liquidity crisis that has left investors unable to claim their funds. A bid to save FTX via a rescue deal with rival exchange Binance didn’t work out, leading to crypto’s highest-profile collapse in recent years. In text messages to Reuters, Bankman-Fried, one of the largest donors to the Democratic Party, said he “disagreed with the characterization” of the $10 billion transfer. “We didn’t secretly transfer,” he said. “We had confusing internal labeling and misread it,” he added, without elaborating. “???” was Bankman-Fried’s response, when asked about the missing cash.

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“In September, he said that Russia was prepared to give these fertilizers to developing nations free of charge.”

So yeah, let’s block it for months…

• First Batch Of Blocked Russian Fertilizers Allowed To Leave EU Port (RT)

The first batch of Russian fertilizers, which have been blocked at EU ports amid Ukraine-related sanctions, has been given permission to leave next week, the UN announced on Friday. The cargo amounts to 20,000 tons and is currently stationed in the Dutch port of Rotterdam. It is destined for the African nation of Malawi under the UN World Food Program. “The UN also briefed on recently issued General Licenses and shipments of fertilizer to developing countries’ destinations and its ongoing engagement with private sector and member states. It is anticipated that the first shipment of donated fertilizers will depart for Malawi in the coming week,” the UN said in a statement released after a meeting between senior UN officials and a Russian delegation led by Deputy Foreign Minister Sergey Vershinin on Friday.

The meeting centered on Russia’s continued dissatisfaction with UN efforts to lift Western sanctions that pose problems for Russia’s agricultural exports. The organization pledged to assist Russia in the matter back in July as part of a UN-brokered Ukrainian grain deal, which unblocked the export of food and fertilizers from several Black Sea ports. Russia said it may choose not to extend its participation in the deal, which is set to expire on November 19, if the UN does not follow through on its promises regarding Russian exports. On Friday, the Dutch government confirmed that the Russian fertilizer cargo has been given permission to leave the port on the UN’s request. “The decision to release the fertilizer was made on the understanding that the UN would ensure that it is delivered to the agreed location, Malawi, and that the Russian company and sanctioned individual will earn nothing from the transaction,” the Dutch Foreign Affairs Ministry said in a statement.

It did not disclose the name of the Russian company that owns the shipment. Earlier this month, however, TASS news agency reported that Russian fertilizer producer Uralchem-Uralkali was ready to donate 240,000 tons of its fertilizers stuck in EU warehouses for humanitarian purposes, with the first shipment destined for Malawi. Prior to this, Russian President Vladimir Putin stated that a total of 300,000 tons of Russian fertilizers were stuck at EU ports due to Western sanctions. In September, he said that Russia was prepared to give these fertilizers to developing nations free of charge.

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“The opponents of Progressive-Woke-Jacobinism don’t need a circus ringmaster. They need a credible leader, especially one that can manage his or her emotions at least as well as Vladimir Putin does.”

• Showdown Slow Down (Jim Kunstler)

The basic Democratic Party election strategy in recent decades has been to turn the voting public into so many millions of proverbial froggies in the pot of water set to slowly rise to boiling so that the froggies don’t notice they’re getting cooked until it’s too late to jump out of the pot. The Democrat’s Lawfare soldiers have slowly and systematically changed the methods of voting and counting the votes, especially to eliminate accountability for the massive scams and screw-ups that have occurred recently. The changes have been accepted as normal. One insidious change was shutting down the small local precinct polling places in churches and schools, where it was easy to get in, get your signature checked, and vote on-site, and where the precinct captains and workers were known and accountable to voters in the neighborhood.

Instead, Lawfare got states to consolidate all the action in huge impersonal voting centers — often sports arenas — where hundreds of election workers churned, and all sorts of frauds went unnoticed in the enormous shuffle of activity. It was also harder to get in and vote at such a giant venue on game day when thousands showed up and long lines formed — which made it easier for interested parties to justify the expansion of mail-in balloting. It’s just possible that Covid-19 was introduced in 2020 to make sure that Election Day in-person voting would look hazardous, with mail-ins becoming the dominant method. It sure helped get rid of Donald Trump.Among the conclusions of the 2005 Commission on Federal Election Reform, co-chaired by (Democratic) former president Carter and (Republican) former Secretary of State James Baker, was that mail-in voting is the easiest way to invite cheating and fraud.

Apparently, no one listened except Lawfare’s Marc Elias, who saw that as a good thing. What we got starting in 2020 and continuing today are the creative refinements of that, as fraudsters apply their zillions of dollars to new ways of stealing elections — as Mark Zuckerberg did in Wisconsin, literally switching out local election officials with Democratic Party activists. Then there are the as-yet-unresolved issues with the Dominion voting machines and their software. Are the machines enabled to hook into the internet? It seems to me that this has been proven. Why is it so hard to admit that these machines are janky and unnecessary? A thousand voices have pointed out that many other nations, France, for instance, use only paper ballots and manage to report the election results the night of.

Arizona is a whole helluva lot smaller than France, and even Florida, which thoroughly reformed its election laws under Governor DeSantis and published the midterm results the same night. Speaking of Mr. DeSantis and Mr. Trump, the ex-President has been verbally laying into the Florida governor so viciously lately that he might have made a fatal error in his quest for electoral redemption. The opponents of Progressive-Woke-Jacobinism don’t need a circus ringmaster. They need a credible leader, especially one that can manage his or her emotions at least as well as Vladimir Putin does.

Read more …

“Anyone who thinks The Fed can ignore 32.6% of spending in the economy has rocks in their head..”

• Crrraaaazy Wally -Street, That Is- (Denninger)

We call it…. “crazy Ivan” – Hunt for Red October. Except this is November, and the crazy came out of the CPI report. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment. The index for shelter contributed over half of the monthly all items increase, with the indexes for gasoline and food also increasing. If you were short into this there was no getting away from what went up your backside; a literal 100 handles went into the Spoos within seconds and I’m quite sure if you’d been short you would have been gapped over, so a stop would have gotten you exactly no protection.

The problem in the “better than expected” report is in that bolded line and in fact that’s a high going back all the way through April on a seasonally-adjusted basis. Food away from home also was up at the seasonally-adjusted high, where it has been for the last three months sequentially, so there’s no love there either. Note that the latter is often subject to fairly long supply lines and contracts which delay the impact of movement both ways, and thus that it is lagging is no big shock. Food at bars and restaurants has been up less than food at home over the last 12 months and thus you can expect it to continue hitting the index for quite some time yet. The 900lb Gorilla in the room this month is fuel oil, which is, as many people do not know, #2 diesel.

It was up a stunning 19.8% on the month and stands at 68.5% up from last year this time. Anyone expecting the consumer experience to improve with that record has rocks in their head, never mind those who use it for heating that are about to get a visit from the proctologist this winter. Incidentally if you are one of them and your supplier is screwing you on price go to a truck stop (or any rural fuel place that sells to farmers for off-road use) and bring jerry cans. They sell dyed fuel for use in the refer units. Its the same thing and if its cheaper to buy it there than pay whatever the guy with the truck wants to bring it to the house your decision should be obvious. Piped gas relaxed some, which is good news if you use it, but its still up 20% on the year.

A huge percentage of people use that for heat, so there you go. Oh, and guess what is used to generate electrical power? Uh huh, which is why electricity is up 14.1% on the year. If you remember me talking about “Owner’s Equivalent Rent” and how it falsely stated that there was no inflation while home prices shot the moon you can see the inverse of that right now in the OER number which is up 6.9% on the year. That which held down inflation figures for years is now going to prop them up for years, like it or not. There is no evidence that rents, on the other hand, is relaxing at all. Anyone who thinks The Fed can ignore 32.6% of spending in the economy has rocks in their head; they most-certainly will not, and that’s what shelter comprises. Annualized its up 6.9% so no, we’re not “winning” on inflation.

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“Global trade is moving backwards this year..”

• Ports Clogged With Containers As World Trade Stumbles (ZH)

The latest Bloomberg Trade Tracker reveals an ominous outlook for world trade due to soaring interest rates, the war in Ukraine, a slowdown in the US economy, and zero Covid in China. A shortage of containers has entirely reversed into a glut as crashing shipping rates and canceled sails gain momentum during what is supposed to be the busiest shipping period of the year. “The world’s two biggest economies are feeling glum about the export outlook, with both the US and China gauges in contraction in October and the American one in “below-normal” range on the Tracker,” according to Bloomberg. Earlier this week, we explained that economic storm clouds are gathering worldwide as some of the largest shipping companies warn about decelerating global trade.


US shipper FedEx and Danish shipping giant A.P. Moller-Maersk A/S have been vocal about emerging signs of a global slowdown. “Global trade is moving backwards this year,” Maersk’s chief executive officer Soren Skou told Bloomberg Television at the start of November. FedEx CFO Michael Lenz told an audience Tuesday at the Robert W Baird Global Industrial Conference earlier this week that his company parked planes cut costs in response to weak demand for package delivery. The Covid boom for goods has evaporated. Consumers have switched from buying computers and television to spending whatever money they have left on experiences. We predict in May that an inventory glut, i.e., the reverse bullwhip effect, would cool the booming freight market. It’s now peak shipping season — retailers have already canceled overseas orders as freight companies reduce shipping capacity ahead of Black Friday and Christmas.

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Yeah, but we’re broke…

• Developing Nations Demand Rich Countries Pay For Climate Change (RT)

Leaders from developing countries have accused wealthy nations and the energy industry of triggering climate change and demanded compensation for the damage it has inflicted on their economies. While oil and gas companies are reaping the benefits, small island states are being devastated by ocean storms caused by rising sea levels, they say. Speaking at the COP27 climate summit in Egypt on Tuesday, Antigua and Barbuda Prime Minister Gaston Browne noted that “oil and gas industry continues to earn almost $3 billion daily in profits,” while “the planet is burning.” “It is about time that these companies are made to pay a global carbon tax on their profits as a source of funding for loss and damage,” Browne added.

Poor nations point at the hypocrisy of their wealthier counterparts, which are the most vocal advocates of slashing emissions while themselves being the biggest polluters following a century of fossil fuel-driven industrialization. Developing countries are now asking how they will be compensated for the floods and droughts attributed to climate change. “I’m not here to ask any of you to love the people of my country with the same passion as I do,” said the prime minister of the Bahamas, Philip Davis. “I’m asking what is it worth to you to have millions of climate refugees to turn into tens of millions, putting pressure on political and economic systems around the world.”

Meanwhile, Senegalese President Macky Sall admitted that his country’s economy is unable to shift away from fossil fuels immediately but said that poorer developing countries in Africa needed increased funding from wealthy nations in order to adapt to the worsening climate. “Let’s be clear, we are in favor of reduction of greenhouse gas emissions. But we Africans cannot accept that our vital interests be ignored,” he said.

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Saudi, Iran, now UAE. No many US friends left.

• US Intel Report Vilifies Key Ally UAE – WaPo (RT)

The United Arab Emirates, arguably one of Washington’s most trusted Arab allies, has gamed US foreign policy by meddling in the American political system using both legal and illegal tactics, intelligence officials have reportedly claimed in a classified report. The activities in question spanned multiple US administrations and exploited “vulnerabilities” in the American system, including reliance on political contributions and lax enforcement of laws designed to protect against foreign interference, the Washington Post reported on Saturday. Some of the tactics “resemble espionage,” the newspaper added, citing three unidentified sources who have seen the classified report.

The report illustrates how the US political system is being distorted by foreign money, one Washington lawmaker told the Post, arguing that a “very clear red line needs to be established against the UAE playing in American politics. I’m not convinced we’ve ever raised this with the Emiratis at a high level.” Top US policymakers allegedly received briefings on the classified intelligence report in recent weeks. It’s an unusual advisory for US intelligence agencies to issue because it pertains to a close ally – rather than an adversary, such as Russia, China or Iran – and could be interpreted as delving into domestic politics, said Bruce Riedel, a senior fellow at the Brookings Institution. Yousef Al Otaiba, the UAE’s ambassador to Washington, defended the oil-rich nation’s outsized influence in the US. “It has been hard-earned and well-deserved,” he told the Post.

“It is the product of decades of close UAE-US cooperation and effective diplomacy. It reflects common interests and shared values.” The UAE has spent more than $154 million on lobbyists since 2016, according to US government records, as well as hundreds of millions of dollars that were donated to American colleges and think tanks. Many of those institutions have produced policy papers with recommendations that are favorable to UAE interests. Those investments have apparently been fruitful, as Washington has approved sales of some of the most advanced US-made weaponry, including MQ-9 Predator drones and F-35 fighter jets, to the UAE. No other Arab nation has been afforded such privileges because US leaders have sought to avoid “diminishing Israel’s qualitative military edge” in the Middle East, the Post said.

Bordering Saudi Arabia to the southwest and Oman to the east, oil-rich UAE is a member of OPEC. Around 2,000 US soldiers and airmen are stationed at Abu Dhabi’s al-Dhafra airbase, and both countries supported Saudi Arabia’s war against the Houthis in Yemen, though the Pentagon ceased supporting “offensive” operations there in 2021, and the UAE withdrew its ground troops in early 2020. In early August, Washington authorized a $2.2 billion sale of 96 Terminal High Altitude Area Defense (THAAD) system missiles, to help Abu Dhabi repel possible ballistic missile threats in the region. However, after OPEC+ members announced their decision to cut oil production last month, multiple US lawmakers accused Washington’s allies of “siding with Russia” and proposed withdrawing troops and missile defense systems from both UAE and Saudi Arabia as a punishment.

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“..discarding the works of Mussorgsky or poet and novelist Alexander Pushkin would be like discarding the works of Shakespeare or Dante..”

• La Scala Replies To Call To ‘Cancel’ Russian Composers (RT)

Italy’s famed La Scala theater in Milan has insisted that Russian culture should not be “penalized” because of the military operation against Kiev. It defended its decision to include the works of Russian composers in its newest program after a Ukrainian consul called them instruments of Moscow’s propaganda campaign. According to Italian news agency ANSA, Andrey Kartysh, Ukraine’s consul general in Milan, sent a letter to La Scala CEO Dominique Meyer, as well as Milan Mayor Giuseppe Sala and the head of the Lombardy region, Attilio Fontana, asking to “review” its program for the 2022-2023 season in order to avoid “potential elements of propaganda.” The diplomat cited the “great disappointment and regret” of the Ukrainian community in Italy.

“Culture is being used by the Russian Federation to lend weight to its assertions of greatness and power,” he wrote, arguing that “the pandering to its propaganda can only fuel the image of the regime [in Moscow] and, by extension, its evil ambitions and countless crimes.” La Scala plans to kick off its newest season on December 7 with the opera ‘Boris Godunov’ by 19th-century Russian composer Modest Mussorgsky. The opera is about a Russian tsar who ruled during the Time of Trouble, a period of political upheaval and turbulence in early 17th century Russia. The program also includes ‘The Nutcracker’ ballet, whose score was written by Pyotr Tchaikovsky, and a recital by Russian soprano Anna Netrebko. La Scala Music Director Riccardo Chailly defended the decision to show ‘Boris Godunov’ on stage.

“To remove a masterpiece… is to penalize the culture,” he argued, as quoted by the newspaper Corriere della Sera on Saturday. “Art should not pay for the havoc of what has been happening after February 24,” Chailly said, referring to the date that Russia launched its military operation in the neighboring state. He added that discarding the works of Mussorgsky or poet and novelist Alexander Pushkin would be like discarding the works of Shakespeare or Dante. Chailly noted that the opera house expressed support for Ukraine early on in the conflict and raised €380,000 for Ukrainian refugees in April. Stage director Francesco Micheli, who sits on La Scala’s governing board, called the Ukrainian consul general’s request “reckless,” saying that he “ignores that the opera has no connection with the situation” in his home country. “I think La Scala sees the program as a way to show the unifying value of culture. That is why La Scala should be praised,” Italian Under Secretary of State for Culture Vittorio Sgarbi said.

Read more …

Google translation.

Looks like the “thrash metal drummer” is being used by much bigger parties. But Musk made a lot of people a lot of money, and “the proposal has been passed by a large majority by Tesla shareholders.”

Still, lawyers are looking at large fees, so they continue.

@JordanSchachtel:”Elon is blowing things up at Twitter because it is necessary to save the company. The old Twitter was a state-sponsored propaganda operation. Twitter as a private company will not have the privilege of unlimited resources.”

• Elon Musk In Court Over $56 Billion Tesla Bonus (Telegraaf)

Elon Musk has to defend a billion-dollar bonus in a US court on Monday that was promised to him a few years ago at Tesla. That bonus could be so high that the Tesla CEO could recoup the entire $44 billion he recently invested in the Twitter acquisition. Musk was promised a package of stock options in 2018 if he could achieve certain goals with Tesla. Since then, Tesla’s stock price has increased more than tenfold and the company was briefly worth more than 1000 billion dollars. According to calculations, Musk could make up to $56 billion. The controversial package allows him to buy 1 percent of Tesla’s shares at a big discount every time certain targets are reached. Richard Tornetta, a small Tesla investor, thought the bonus was excessive and filed a lawsuit as early as 2018. At the time, there was immediately a lot of speculation that the Tesla stock price could rise to great heights.


Tornetta, who is also a thrash metal drummer and runs an audio equipment company, also finds it unfair that Musk was awarded the remuneration of a board that would actually be completely under his control. One of the directors involved was Kimbal Musk, the brother of the richest man in the world. Yet the matter is not so simple. Musk’s lawyers have pointed out that the proposal has been passed by a large majority by Tesla shareholders. Because of the bonus, Musk would have been focused on making Tesla better. And this is said to be the reason why the share price has soared, which is in the interest of all shareholders. The case is being heard in the state of Delaware by the same judge who recently dealt with the case between Twitter and Musk to force the latter to go through with its takeover plan.

Read more …

 

 

 

 

 

Cobalt

 

 

 

 

 

 

Landing
https://twitter.com/i/status/1591166676904865793

 

 

 

 

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

 

 

 

 

 

Debt Rattle November 9 2022

Nov 092022
 
 November 9, 2022  Posted by at 9:20 am Finance Tagged with: , , , , , , ,  86 Responses »


Rembrandt van Rijn Portrait of Rembrandt with gorget 1629

 

• Super-States in Core Eurasian Geopolitics (Straight-Bat)
• Moscow Suggests How Many Countries Want To Join BRICS (RT)
• US and Russia To Hold Nuclear Talks (RT)
• Why Does The Western Narrative Sound So Stupid And Unrealistic? (Romatzki)
• American Pundits Have Got It Backwards About China (Blankenship)
• American Voters Don’t Need Russian Trolls To Tell Them How Bad Things Are (RB)
• Russian Oil Exports Surging (RT)
• Poland Draws A Line In The Sand With The EU (Remix)
• EU ‘Sucking Gas Away’ From Poorer Countries (RT)
• What Do You Run On….. (Denninger)
• Germany Faces Sharp Drop In Real Income (RT)
• Polish Ex-PM Links Low Birth Rates To Women Drinking (RT)
• Will You Survive The ‘Tripledemic’? (Mercola)
• COVID-19 Conspiracies Are a Gateway to Other Conspiracy Theories (SAlert)

 

 

It didn’t seem useful to address the midterms here and now, given the time it will take to count the votes. But at the same time, the voting sucks almost all of the air out of the media. A strange feeling. Nobody talks about Ukraine today.

What I did gather so far is that there was no Red Wave, and Trump endorsements did poorly. While Ron DeSantis won bigly. Which will lead to some head scratching. But overall, prepare for a lot of speculation and likely court cases. The country is divided like never before.

 

 

 

 

 

 

 

 

Von Der Leyen is under investigation

 

 

“If you think you are too small to make a difference, try sleeping with a mosquito.”
~ Dalai Lama

 

 

 

 

“..rendering the Western Hemisphere and Oceania geopolitically peripheral..”

• Super-States in Core Eurasian Geopolitics (Straight-Bat)

I have been deliberating on the question whether core Eurasia could really be treated as the ‘heartland’, control of which is a prerequisite to exercise total control over the world? Before one could sincerely take up the issue for a discussion, he/she must be able to grasp the definition of ‘core Eurasia’. Geologically, ‘Eurasia’ is a tectonic plate that lies under much of Europe and Asia. However, there is no well-defined geographic boundary of ‘core Eurasia’ in international politics. The European (geopolitical) strategists and Asian intellectuals converge on this subject remarkably well — the landmass that lies between Pacific Ocean in the east and river Vistula plus Carpathian mountain range in the west, and between Arctic Ocean in the north to the line joining Arabian Sea coast-Himalayan mountain range-South China Sea coast in the south can be termed as ‘core Eurasia’.

This particular question has a definite answer – ‘core Eurasia’ indeed can be assumed as heartland because of two reasons. Firstly, the countries that dot the entire landscape of core Eurasia are not only home to 25% of the global population currently but has enough arable land, water, and forest resources for a healthy and continuous population growth. Secondly, the entire landmass of core Eurasia hold deposits of minerals, fossil fuels, rare earth, and gems in disproportionately high quantities compared to its share of total surface area of earth. Hence, the human civilization can grow, sustain, and flourish as a stand-alone phenomenon in core Eurasia even if civilizations in other regions of the world fail to sustain – this, in my opinion, is the single most important characteristic of core Eurasia why it may be considered as the ‘heartland’.

Readers who are conversant with the works of geopolitics pundits like Brzezinski will easily conclude that I don’t subscribe to Brzezinski’s thought on this issue which was centred around ‘exercising power to control the world’ as he noted, “The control over Eurasia would almost automatically entails Africa’s subordination, rendering the Western Hemisphere and Oceania geopolitically peripheral to the world’s central continent.”

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More than a dozen. Among them: Algeria, Argentina, Iran, Saudi Arabia, Türkiye, Egypt, Afghanistan.

• Moscow Suggests How Many Countries Want To Join BRICS (RT)

More than a dozen countries have expressed an interest in joining the BRICS group, which incorporates some of the world’s major emerging economies, as the bloc gains more global standing, Russian Foreign Minister Sergey Lavrov said on Tuesday. Speaking at a meeting with his Indian counterpart Subrahmanyam Jaishankar, Lavrov indicated that membership of the BRICS bloc is in high demand. “The interest in this global association is very, very high and continues to grow,”he said. He confirmed that “more than a dozen” countries are eager to join, including Algeria, Argentina, and Iran. However, Lavrov continued, before accepting any new members, BRICS intends to reach an agreement on criteria and principles for further potential expansion.


“Given that applications are already being submitted officially, we, of course, expect that harmonization of the criteria and principles for the expansion of BRICS won’t take too long,” he said. BRICS is an international socio-economic and political forum, which incorporates Brazil, Russia, India, China and South Africa. It accounts for over 40% of the global population and nearly a quarter of the world’s GDP. The Russian Foreign Minister’s comments come after Algeria applied to become a member of the group, following applications by Iran and Argentina. Algeria’s bid came after Russian President Vladimir Putin called for stronger ties with Middle Eastern and North African countries, arguing that they are playing an “increasingly significant role” in the formation of the “multipolar system of international relations.” The bloc is also expected to consider adding Saudi Arabia, Türkiye, Egypt and Afghanistan.

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New START.

• US and Russia To Hold Nuclear Talks (RT)

American and Russian diplomats will meet to discuss the New START nuclear arms reduction treaty “in the near future,” US State Department spokesman Ned Price told reporters on Tuesday. Earlier, Bloomberg and Kommersant cited sources to report that a meeting of the Bilateral Consultative Commission (BCC) may soon be held in Egypt. “We have agreed that the BCC will meet in the near future. Under the terms of the New START treaty, the work of the BCC is confidential, but we do hope for a constructive session,” Price said at a press briefing. The US believes in the “transformative power of diplomacy and dialogue” but is “clear-eyed and realistic” about what it can accomplish when it comes to Russia, Price added.

The conversations are “focused on risk-reduction” but Washington wants to ensure that the ability to pass messages back and forth with Moscow “does not atrophy.” “If there is, and it sounds like there will be, a meeting of the BCC, that is a good thing,” Price added, before correcting himself to say that the meeting will definitely happen. While Price would not name the venue for the meeting, Bloomberg mentioned Cairo as the neutral location more acceptable to Russia than Geneva, since Switzerland has joined the US and EU sanctions against Moscow over the Ukraine conflict. The New START is the last remaining nuclear arms control agreement between the US and Russia, set to expire in 2026 unless renewed. The BCC last met in October 2021.

Moscow suspended the inspection regime under the treaty in August, citing Western sanctions that have prevented Russian inspectors from doing their work in the US, thus putting Washington at an unfair advantage. The Russian Foreign Ministry said the inspections would continue once the principle of parity and equality is restored. Inspections had previously been disrupted by lockdowns in response to the Covid-19 pandemic.

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“They are just towing the line, even selling their souls and reputations just to prevent their cancellation.”

• Why Does The Western Narrative Sound So Stupid And Unrealistic? (Romatzki)

Reference is constantly made to WW2 , the Cuban Missile Crises, etc. However that was a different world and era where people and leaders still had Values, Religions was strong, Families were strong, where Integrity, Honour, Patriotism, etc. … had meaning ….. a proper culture. This has all been destroyed. By whom? That is a debatable point, but it did happen. Society has been transformed and the Western Culture has been destroyed. There is now very little left of the original culture of the 1950/1960/1970/1980 and before. The family concept is being destroyed. Fewer Children are born, people marry less, Feminism is pushed, Affirmative actions is pushed, Homosexuality is rampant and encouraged, Gender identity is driven to the absurd.,

Science is destroyed by money, etc. Religion has been destroyed by the introduction of other cultures and religions into society. Inter-race marriages have been promoted and encouraged. And then … Wokeness and Cancel Culture has become dominant. With the loss in a stable anchor, derived from one’s family and culture, who can resist these dominant forces? People have become isolated and vulnerable and easy to manipulate. Integrity is thrown out of the window and now everybody is for himself. Gone are the days were one would stand up for his values and deny a job, money or position. All of it has now become monetised and self preservation is the order of the day. Money has played the corruptible factor.

Money and wokeness has become the driving forces of the population. Cancel Culture and Social media have become the tools. Given the facts above, who can then NOT understand why the Western Commentators spew the fake news and ridiculous narratives? In my assessment I believe it is Selfish Interests, Lack of strong Values, Money, Fear of being Cancelled and a lack of proper Information derived from reality, that drives the Western commentators to create such “devoid of reality” narratives. They are just towing the line, even selling their souls and reputations just to prevent their cancellation.

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“The US is the most cartoonishly nationalistic country in the history of our species..”

• American Pundits Have Got It Backwards About China (Blankenship)

In recent years, but notably in the wake of the Communist Party of China’s (CPC) 20th National Congress that just concluded at the end of October, Western writers have rushed to accuse Beijing of becoming anti-Western. This is seen in several examples by Western writers, such as the New Yorker’s Evan Osnos or a quintessential China-blaming piece recently published by the New York Times’ Thomas Friedman. In his article, titled “How China Lost America,” Friedman says that there are four trends in China that have soured the US-China relationship: market manipulation, hyper-nationalism, aggressive foreign policy and Beijing’s “zero-Covid” policy. But he does not elaborate these points to any convincible degree and fails to acknowledge the extent to which Washington’s own policies are to blame for China’s perceived turn from the West.

First of all, a lot of what is called intellectual property theft (which Friedman mentions in his piece) is just ordinary intellectual diffusion. The FBI started an entire ‘China Initiative’ to investigate such instances in top US universities and companies – and it came up almost completely empty-handed to the point that it had to be shut down for devolving into a vehicle for anti-Asian racism. This also doesn’t even acknowledge the extent of the US’ own market manipulation, namely through the sheer influence that its multinationals have in creating trade and economic policy, or its promiscuous use of unilateral sanctions. The US also routinely violates its World Trade Organization (WTO) duties in its trade war against Beijing. The organization even allowedChina to impose duties on $645 million worth of imports over US trade malpractice in January.

For an American to call China hyper-nationalist is laughable. The US is the most cartoonishly nationalistic country in the history of our species: children in most public schools are required to swear a ‘pledge of allegiance’ to the flag every morning, Americans only know one language on average and the American flag is draped everywhere in the country. Chinese people are, on balance, much less chauvinistic and more open-minded. Likewise, it’s hard to take insinuations of Beijing’s supposed “aggressive” foreign policy seriously either. The People’s Republic of China has never started a war since its inception and has not been involved in a proxy war in decades. Compare that to the fact that the US has been at war for nearly every single year of its existence since 1776. It is actually America’s aggressive foreign policy that is prompting resistance from Beijing.

Finally, on the zero-Covid point, this is just sensible policy. Virtually every country in the world has caved into public pressure to relax Covid-related restrictions. That’s fairly understandable because of how ineffective they were in most countries. But that doesn’t change the fact that Covid-19 is an extremely deadly and debilitating disease that is continuing to kill many people and leave many more disabled. If one could choose to eliminate Covid-19 from society, then why wouldn’t they? Thankfully, China has effectively used its technology to do just this – and it works. A January report by Citigroup, based on three surveys conducted by the American Chamber of Commerce China, the EU Chamber of Commerce China and the Japan External Trade Organization, found that China is their favorite investment destination. Among the top reasons listed was the country’s supply-chain resilience and the effectiveness of its Covid-19 controls.

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Robert Bridge, published on RT and only RT. So for those who can’t access RT, the whole article.

• American Voters Don’t Need Russian Trolls To Tell Them How Bad Things Are (RB)

As US voters head to the polls for the much-anticipated Midterms, talk of Russian trolls monkeying with US democracy is back in the news. But does the country really need Russia’s help in “stoking anger” among the electorate? If the hyper-liberal New York Times can be taken at face value just two days before an epic election, Russia’s underground army of trolls is, once again, attempting to seed the minds of malleable US voters to the Kremlin’s advantage. If those charges sounded outlandish in 2016, when the Democrats accused Russian ‘influencers’ of denying Hillary Clinton the presidency, they seem doubly so today. The Times reported that the goal of the reactivated Internet Research Agency in St. Petersburg is to “stoke anger among conservative voters and to undermine trust in the American electoral system.

”Judging by the looks of things, the Russians are a bit late to the party. It would be hard to name another period in US politics when the level of anger and distrust has been so extreme, and that is something the Russian trolls, despite their supposed superhuman abilities, can’t take credit for. Take inflation, for example, the single most pressing issue among US voters. It doesn’t require any sort of Russian mind-bending operation to inform Americans that the economic situation is deteriorating before their eyes, and has been ever since Biden entered office. They only need to look at their food and utility bills each month, and the price at the gas pump, to feel fury for what the Biden administration has done to the economy in a shockingly short period of time. Any effort to blame these negative sentiments on “the Russians” is just another way of the Democrats saying that soaring prices is “disinformation”and unworthy of your attention.

The Times mentions another point of contention among US voters, particularly the Republicans, and that is the blank-check powers that have been awarded to Ukrainian President Vladimir Zelensky. Citing the work of “cybersecurity researchers,” the article alleges that the Russian influence campaign “appears intended to undermine the Biden administration’s extensive military assistance to Ukraine.”Again, here is an issue that has already been undermined by the Republicans ever since the Democrats commenced with their proxy war in Ukraine against Russia, a massively hazardous venture where no expense is considered too great. On this point, the Democrats are able to claim, much like in 2016, that the Russians and the Republicans are working in collusion, this time against Kiev. The Russians are anxious to see US military spending on Ukraine come to an end as all of those sophisticated weapons are only prolonging the conflict.

Meanwhile, some of the Republicans campaigned on promises to terminate funding to the Zelensky regime and divert those billions of dollars to national security projects, like fortifying their own border and fighting crime. It would be a mistake to think that Americans are not acutely aware of the issues now dividing the country. Every day, social media users can see for themselves everything they need to know about crime, inflation, transgender issues, and the border, to name just a few of the hot-button issues dividing the country. To suggest that Russian trolls are required to “stoke conservative anger” is to grossly underestimate the political intelligence of the average US voter, who appears better informed than ever before. The fact is, the Democrats are afraid of being wiped out in a landslide come Tuesday. Conjuring up the ghost of Russia interference at the 11th hour reveals their insecurity and will provide them some partial excuse in the event of a blowout.

With regards to these latest accusations of election interference, Moscow is understandably losing its patience. It requires either a certain lack of self-awareness, or an astonishing excess of arrogance, for the United States to lecture any country on the question of meddling. After all, in the case of Russia’s alleged interference in the 2016 election, we’re talking about a mere $150,000 spent on several thousand Facebook ads, many of which had no political message whatsoever. When it is considered that US presidential elections have turned into multi-billion-dollar pageants, with no expense spared on campaign attack ads, it is hard to imagine that Russia’s severely limited campaign had any effect whatsoever (it needs emphasis that not even Facebook is entirely sure where the posts originated from. Alex Stamos, Facebook’s chief security officer, would only say they “likely operated out of Russia”).

Now compare that to the way the United States “meddles” in the affairs of foreign countries, like Ukraine. In November 2013, after the government of President Viktor Yanukovich opted in favor of closer ties with Russia and the Eurasian Economic Union instead of the EU, protests broke out in the country. How did the United States respond? Not with internet trolls, that’s for sure. It dispatched high-ranking US officials to Kiev, like Senator John McCain and Assistant US Secretary of State Victoria Nuland, where they agitated the masses against the democratically elected government. On the question of who would ultimately govern the splintered country, Nuland was overheard in a phone call with the US ambassador to Ukraine handpicking the eligible candidates.

Once again, the United States proved that there are rules for itself and rules for the rest of the world, and increasingly it is the American people who must pay the price for that supreme arrogance.

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Seaborne, that is.

• Russian Oil Exports Surging (RT)

Shipments of Russian seaborne crude surged to 3.6 million barrels per day last week, reaching the highest since early June, while the less volatile four-week average is the highest since August, Bloomberg reported on Monday. A total of 34 tankers were loaded with some 25.2 million barrels of Russian crude oil in the week to November 4, according to vessel-tracking data and port agent reports, as quoted by the media. That’s up by 3.2 million barrels. The exports were ramped up more than a month before the EU sanctions, supported by the G7 nations and Australia, kick in on December 5. The penalties will see Western companies banned from providing insurance and other services to vessels loaded with Russian crude, unless the cargo is purchased below a yet-to-be-agreed price cap.


The biggest increase, in both volume and percentage terms, was reportedly recorded in shipments from the Arctic terminal of Murmansk. Cargoes carrying Russian oil are becoming more cagey about their destinations, according to Bloomberg. The agency noted a big jump in vessels showing their next destination as Port Said or the Suez Canal, and a drop in the volume on tankers indicating that they’re headed to India. The media highlighted that many more ships carrying crude are leaving Russian ports without signaling a final port of discharge. Russia’s revenues from crude-export duty reportedly rose by $16 million to $149 million in the seven days to November 4, with the four-week average income also increasing, gaining $6 million to $134 million.

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“The National Recovery Fund for Poland involves €24 billion in grants and €11.5 billion in loans, but it is just one type of fund that Poland has yet to receive from Brussels.”

• Poland Draws A Line In The Sand With The EU (Remix)

The Polish government says it will make no further concessions to the European Union in order to unlock tens of billions in EU funding, arguing that Poland has fulfilled all its obligations and Brussels owes them the money. “Poland fulfilled all conditions set by the European Commission regarding the payment of the Recovery Funds it is due,” Polish President Andrzej Duda said. He added that “he does not intend to answer any comments from Brussels on the matter.” Brussels, for its part, has threatened Poland with catastrophic funding cuts totaling up to €110 billion; this would hobble the Polish economy, which has suffered due to the global economic downturn, inflation, and the refugee crisis from Ukraine.

In an interview for the conservative Sieci, Duda admitted that he does not believe that trying to fulfill the expectations of “the other side” could bring any results. “I believe that a lot of good will was showcased from the Polish side,” he stated. “And we know very well that there is a group from Poland there that has a policy of contradicting the basic interests of the Polish state and is content when Poland is being harmed by Brussels,” said Poland’s president. He also mentioned the liberal-left representatives who “have seats in the European Commission and want to change the ruling party in Poland at all costs.” According to the latest statements of the Polish authorities, Poland has still not sent a request for a payment of the Recovery Funds to Brussels.

Meanwhile, information has appeared in the public space that the Commission confirmed that Warsaw has fulfilled 15 out of 20 milestones necessary for the payments of the first tranche of funds. The National Recovery Fund for Poland involves €24 billion in grants and €11.5 billion in loans, but it is just one type of fund that Poland has yet to receive from Brussels. In June, the European Commission finally accepted the Polish plan, however, it made the payment of the funds dependent on the fulfillment of the so-called milestones. In the case of Poland, those milestones concern mostly the judicial system. Brussels does not recognize that Poland fulfilled its obligations, so the payment of the National Recovery Fund remains frozen.

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“We are borrowing other people’s energy supplies,” Vitol Group Chief Executive Officer Russell Hardy told the media. “It’s not a great thing.”

• EU ‘Sucking Gas Away’ From Poorer Countries (RT)

The EU energy crisis is inevitably leading to energy poverty in developing countries, Bloomberg reported on Tuesday citing an energy analyst at Credit Suisse. “Europe is sucking gas away from other countries whatever the cost,” Saul Kavonic told the media. Despite soaring energy bills, the EU is expected to survive the upcoming heating season, as the bloc members have purchased enough oil and natural gas. However, this comes with a high price tag for the world’s poorest nations that have been cut off from the gas market due to Europe’s ravenous demand. Emerging market countries are reportedly at serious risk of being unable to meet their energy needs. Factory shutdowns, more frequent and longer-lasting power shortages, as well as social unrests are the most likely consequences due to the energy security challenges.

Exporters across Qatar and the US are accepting bids from European buyers seeking to purchase as much fuel as possible to fill their storages. That leaves developing countries like Pakistan, Bangladesh and Thailand unable to compete on price with Germany and other bigger economies. “We are borrowing other people’s energy supplies,” Vitol Group Chief Executive Officer Russell Hardy told the media. “It’s not a great thing.” According to traders cited by Bloomberg, soaring prices prompted some suppliers to South Asia to simply cancel long-scheduled deliveries in favor of better yields elsewhere. “Suppliers don’t need to focus on securing their LNG to low affordability markets,” Raghav Mathur, an analyst at Wood Mackenzie said, adding that the higher prices they can get on the spot market more than make up for whatever penalties they might pay for shirking planned shipments.

“LNG will belong first to the ‘developed,’ with the leftovers for the ‘developing.’”the expert said, adding that this dynamic is likely to hold for years. The European Union is struggling with an energy crisis as a result of the reduction of imports from Russia. Earlier, the President of the European Commission Ursula von der Leyen said that it took the bloc eight months to replace two-thirds of Russian gas supplies. She added that the EU had significantly diversified the range of foreign suppliers, but that had “been costly.”

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“Biden claims inflation is not his fault and he’s bringing it down by spending more deficit money. This is mathematically impossible, incidentally.”

• What Do You Run On….. (Denninger)

…. when you have nothing to run on? Let’s just be straight here, ok — neither party, when you get down to it, has anything to run on. But: When you’re in the left seat, and the plane crashes, its your fault. That’s just how the cookie crumbles. Just as an example the “authorities” won’t release the surveillance or body camera tapes from the Paul Pelosi assault. Why not? The only reason not to is that what’s there renders irrevocably false the story told thus far. In what way? I don’t know, but it doesn’t matter. If the footage documents the affidavit “as told” then there’s no reason not to release it as it will cement the case not only in court but in public opinion as well. Therefore it clearly doesn’t. Biden claims inflation is not his fault and he’s bringing it down by spending more deficit money. This is mathematically impossible, incidentally.

He either doesn’t know this or he’s lying. It matters not which it is; he ran on and promoted blowing more money around so he has no place to hide. Biden told us all that if you took the Covid shots you would not get covid. He said that conclusively. He lied; his top advisor, Birx, has stated in public she knew this was not true before he took office. Therefore either he hired her and is responsible or she told him and he deliberately lied. Either way: He’s in the left seat, he had opportunity to not lie, thus he owns it. On Biden’s watch Ukraine and Russia went to war. Biden has poured tens of billions of dollars and weapons not only in munitions into Ukraine he’s paying the salaries of their people with our money. The total at this point is well over $100 billion, which is a quite-material part of the fiscal deficit.

By what authority? Well, Congress appears to be ok with it, aren’t they? Indeed. Who controls Congress? Uh huh. Oh, spending more money than you take in causes inflation? Well, prosecuting this war over there is part of it then, on purpose. Again, sit in the left seat, you’re responsible when there’s a smoking hole in the ground and nothing larger than a quarter can be identified. There have been a couple of million people streaming into our nation illegally over the last two years. Inflationary? You bet. What’s worse? The guy who is accused of attacking Pelosi is here illegally and has been for years. How many others have been victimized by criminals who were here illegally? Remember “A Girl in Iowa” anyone? Sit in the left seat, it’s your problem, especially when you sue, as Biden has done, to block Arizona and others from sealing said border.

Biden has declared war on carbon-based fuels. Refiners are closing and have on his watch and will not restart because he has made clear that any investment in them is a zero. It is his expressed intent to destroy said investment so nobody will make it. Do you light $100 bills on fire for fun? Neither does anyone else, so if you think gas or diesel prices are coming down on a durable basis exactly how when there is no increase in refining capacity coming online to meet demand? You can’t build an electric car without carbon-based fuels and in fact to build and operate one requires more carbon-based fuel than just refining and burning the gasoline. This is fact and yet Biden does not care if you get screwed.

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Germany faces many problems. A drop in income is not the worst.

• Germany Faces Sharp Drop In Real Income (RT)

The German economy is expected to lose billions of euros by the end of 2023 due to skyrocketing energy prices, the Ifo Center for Macroeconomics said in a report published on Tuesday. According to the forecast, real income loss will reach €110 billion ($110 billion) during the 2021-2023 period, which equals 3% of Germany’s annual economic output. “The only time this figure was higher was during the second oil crisis of 1979-81, when the loss in economic output was 4%,” said Timo Wollmershaeuser, senior economist at Ifo. The surge in energy prices is expected to take a heavy toll on the German economy this year, with an anticipated €64 billion loss, or 1.8% of the country’s output.


The estimated loss for 2021 exceeded €35 billion, and a €9 billion drop is expected for 2023, according to Ifo. German citizens will continue to feel the impact of the energy crisis over the next few years with a drop in real incomes, Wollmershaeuser warned, adding that losing Russia as the main energy supplier will result in long-term high oil and gas prices. He also predicted that Germany will not wean itself off energy imports “overnight” as the country has long been dependent on external supplies. In late October, Ifo predicted that the German economy would contract by 0.6% in the fourth quarter. According to an Economy Ministry forecast, Germany will see growth of 1.4% this year and a 0.4% slump next year.

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Stunning.

• Polish Ex-PM Links Low Birth Rates To Women Drinking (RT)

The leader of Poland’s ruling conservative Law and Justice Party, Jaroslaw Kaczynski, has claimed that women are choosing not to have children because they drink too much. The former prime minister made the remarks on Saturday during a trip to Elk, a city in northeastern Poland. Reflecting on the country’s low birth rate, Kaczynski said “cultural factors”contribute to a woman’s decisions on childbearing, and “it is sometimes necessary to say bitter things openly.” “If, for example, it is maintained that, until the age of 25, young women drink as much as men of their age, there will be no children,” Kaczynski said. “Remember that a man, in order to become an alcoholic, has to drink excessively for 20 years on average… while a woman has to do it for only two years.” “I say this seriously,” the conservative politician stated, adding that he knew a doctor who “managed to cure a third of his male alcoholic patients, but no women.”


“I really am a sincere supporter of women’s equality, but I’m not in favor of women pretending to be men and men pretending to be women because it is something completely different,”Kaczynski said. “This is a typical statement from a patriarchal grandpa during a traditional Polish wedding,” said Joanna Scheuring-Wielgus, a legislator from the New Left party, dismissing Kaczynski’s words as “foolish.” Her fellow MP Urszula Paslawska said she does not know “whether to laugh or to cry.” Another New Left lawmaker, Agnieszka Dziemianowicz-Bak, argued that alcohol affects the fertility of both men and women. “In order to have children, other issues need to be solved, and Kaczynski is silent on them,” she said. “There is a shortage of two million housing units in Poland, so young people have to live with their parents.” She added that women, including mothers, need better protection in their jobs and in the labor market.

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RSV [respiratory syncytial virus] is the flavor of the day for Big Pharma.

• Will You Survive The ‘Tripledemic’? (Mercola)

As predicted, “health experts” are starting to call for voluntary indoor masking again,(11) even though all the evidence garnered over the past three years confirms what we already knew in 2020, which is that face masks do nothing to stop viral infections. And, as before, in the absence of actual scientific evidence the narrative focuses instead on virtue. Masking up is said to be a way to protect everyone,(12) so just “do your part” and wear it, even though, in reality, it protects no one. The same goes for vaccination. Both the flu vaccine and the COVID shots are proven ineffective, yet the recommendation(13) to get them continues. And this season, you’re expected to get both! The fact that RSV [respiratory syncytial virus] is now being highlighted as a severe risk is understandable in light of the fact that the first-ever RSV vaccines are now in the pipeline.

According to CNN,(14) four different RSV shots are “nearing review by the U.S. Food and Drug Administration” and more than a dozen others are in trials. This includes a “long-acting injection” specifically for babies, to be given “right after birth” to protect them from RSV “for as long as six months.” If that’s not a perfect example of how the media tries to change the perception of the basic meaning of a term, I don’t know what is. Six months is hardly long-acting! Historically, most vaccines have at least offered antibody-only “protection” for years, not months. Please recognize all vaccines fail to use cellular immunity to protect you, which is far more important than humoral antibody protection. This extremely short duration of antibody-only protection appears to be a hallmark of mRNA technology however, and indeed, at least some of these new RSV shots are mRNA based.

Moderna has announced it is working on an mRNA jab for RSV, which is scheduled for release in 2023.(15) They’re also working on a combination mRNA jab for COVID, RSV and the flu. (Ultimately, Moderna wants to create an annual mRNA shot that covers all of the top 10 viruses that result in hospitalizations each year.[16]) Janssen is also working on an RSV shot using an adenovirus vector, the same technology used in its COVID shot, while Pfizer and GlaxoSmithKline (GSK) are testing “protein subunit” RSV vaccines for pregnant women and seniors.(17) According to Forbes,(18) Pfizer announced November 1, 2022, that it is ready to seek FDA authorization for its RSV vaccine. In clinical trials this shot was given to pregnant mothers and the efficacy was measured not by whether it prevented RSV, but by severity of the infection in hospitalized babies during their first months of life.(19)

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Pretend science. What insane nonsense.

• COVID-19 Conspiracies Are a Gateway to Other Conspiracy Theories (SAlert)

Thinking that the COVID-19 pandemic is in some way a hoax could serve as a ‘gateway’ for individuals to engage with more complex conspiracy theories, claim a team of researchers from Ohio State University in the US. According to a recent analysis of two longitudinal studies that tracked participant beliefs in various theories, mistrust in expertise over real-world events can quickly bloom into a general acceptance of conspiracy theories that aren’t supported by robust evidence. The technical term here is conspiracist ideation, which measures someone’s confidence in explanations of events that rely on the power of groups to manipulate outcomes to an unlikely, if not near impossible degree.

For the study’s purpose, the researchers considered conspiracy theories to be beliefs that aren’t supported by any evidence – and which are actually contradicted by the evidence that does exist. These can be anything from believing the Moon landing was staged to thinking that legitimate elections are rigged. In the case of COVID-19, conspiracy theories include the idea that the pandemic was largely exaggerated by the government or the media, and the belief that the virus was released on purpose by a particular agency for sinister means. “It’s speculative, but it appears that once people adopt one conspiracy belief, it promotes distrust in institutions more generally – it could be government, science, the media, whatever,” says psychologist Russell Fazio, from The Ohio State University.

“Once you start viewing events through that distrustful lens, it’s very easy to adopt additional conspiracy theories.” Two different studies were the focus of the analysis. The first queried 107 participants about their beliefs in June 2020. In December of that year, a second study looked at how individuals who considered COVID-19 to be a hoax progressed in their conspiracist ideation. Statistical analysis showed that those who believed the SARS-CoV-2 virus was deliberately released or that the severity of the COVID-19 outbreaks was exaggerated were also more likely to distrust the official results of the 2020 US election. What’s more, members of the ‘conspiracy minded’ group also tended to show an increase in conspiratorial thinking between June and December.

The second study used publicly available data from 1,037 participants, surveyed between March 2020 and December 2020. Again, belief that the pandemic was a hoax predicted a rise in conspiracist ideation over the course of the year. “If you read interviews or forums frequented by conspiracy theorists, you see a phenomenon where people tend to go down the rabbit hole after something happens in their life that triggers general interest in conspiracy theories,” says psychologist Javier Granados Samayoa, from The Ohio State University. “With COVID-19, there was this large event that people could not control, so how could they make sense of it? One way is by adhering to conspiracy theories.”

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Chaplin

 

 

“There are those who give with joy, and that joy is their reward.”
~ Khalil Gibran

 

 

Marvin Gaye

 

 

 

 

 

 

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

 

 

 

 

 

Debt Rattle November 1 2022

Nov 012022
 
 November 1, 2022  Posted by at 8:00 am Finance Tagged with: , , , , , , , , ,  73 Responses »


Vilhelm Hammershoi Woman Seen from the Back 1888

 

• Leaked Documents Outline DHS’s Plans to Police Disinformation (IC)
• “The Bird is Free.” Will Elon Musk Become Grand Duke of Mars? (Ugo Bardi)
• How Elon Musk Should Shape Twitter — Sans the Sink (Turley)
• ‘Inflation Came From Nowhere’ – Lagarde (RT)
• Putin Clarifies Position On Grain Deal (RT)
• Russia Tells UN It Will Inspect Black Sea Ships (RT)
• Israeli Finance Minister Added To Kiev’s ‘Kill List’ (RT)
• Much Of Kiev Without Power & Water After New Russian Airstrikes (ZH)
• From The Surreal To The Real To The Meta-Real (Batiushka)
• Drone Attack On Sevastopol (MoA)
• Comeback Kid Lula In The Eye Of A Volcano (Escobar)
• Why The US-Saudi Relationship Is Withering (RT)
• They Rule Over Dysfunctional Ruin, but They Rule (Crooke)
• US Economic Decline And Global Instability Part 3 (Phillyguy)
• Russia’s New Regions On Collision Course With Ukraine 100 Years Ago (Nepogodin)

 

 

“The less men think, the more they talk.”
~ Montesquieu

 

 

 

 

Nord Stream 2

 

 

 

 

 

 

Ethical Skeptic 7:1

 

 

The Swiss National Bank just reported an enormous $142.6 BILLION dollar loss in the first 9 months of 2022, which is by far the largest loss in the bank’s 115 year history.

 

 

 

 

This is scary but not surprising. And it’s not about disinformation, but about anything that questions “official” info. “..the origins of the COVID-19 pandemic and the efficacy of COVID-19 vaccines, racial justice, U.S. withdrawal from Afghanistan, and the nature of U.S. support to Ukraine.”

It’s just partisan politics, flavored with a whiff of what both parties agree on, i.e. war. And it just so happens that the people who bring you this are the exact same lot that gave you Russia Russia, which was the biggest crop of disinformation ever.

• Leaked Documents Outline DHS’s Plans to Police Disinformation (IC)

Behind closed doors, and through pressure on private platforms, the U.S. government has used its power to try to shape online discourse. According to meeting minutes and other records appended to a lawsuit filed by Missouri Attorney General Eric Schmitt, a Republican who is also running for Senate, discussions have ranged from the scale and scope of government intervention in online discourse to the mechanics of streamlining takedown requests for false or intentionally misleading information. Though DHS shuttered its controversial Disinformation Governance Board, a strategic document reveals the underlying work is ongoing. DHS plans to target inaccurate information on “the origins of the COVID-19 pandemic and the efficacy of COVID-19 vaccines, racial justice, U.S. withdrawal from Afghanistan, and the nature of U.S. support to Ukraine.”

Facebook created a special portal for DHS and government partners to report disinformation directly. “Platforms have got to get comfortable with gov’t. It’s really interesting how hesitant they remain,” Microsoft executive Matt Masterson, a former DHS official, texted Jen Easterly, a DHS director, in February. In a March meeting, Laura Dehmlow, an FBI official, warned that the threat of subversive information on social media could undermine support for the U.S. government. Dehmlow, according to notes of the discussion attended by senior executives from Twitter and JPMorgan Chase, stressed that “we need a media infrastructure that is held accountable.” “We do not coordinate with other entities when making content moderation decisions, and we independently evaluate content in line with the Twitter Rules,” a spokesperson for Twitter wrote in a statement to The Intercept.

There is also a formalized process for government officials to directly flag content on Facebook or Instagram and request that it be throttled or suppressed through a special Facebook portal that requires a government or law enforcement email to use. At the time of writing, the “content request system” at facebook.com/xtakedowns/login is still live. [..] According to a draft copy of DHS’s Quadrennial Homeland Security Review, DHS’s capstone report outlining the department’s strategy and priorities in the coming years, the department plans to target “inaccurate information” on a wide range of topics, including “the origins of the COVID-19 pandemic and the efficacy of COVID-19 vaccines, racial justice, U.S. withdrawal from Afghanistan, and the nature of U.S. support to Ukraine.” [..] The inclusion of the 2021 U.S. withdrawal from Afghanistan is particularly noteworthy, given that House Republicans, should they take the majority in the midterms, have vowed to investigate. “This makes Benghazi look like a much smaller issue,” said Rep. Mike Johnson, R-La., a member of the Armed Services Committee, adding that finding answers “will be a top priority.”

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And in view of DHS et al trying to control information flow, Ugo Bardi’s point is salient: Elon Musk understands that better than all the rest put together.

• “The Bird is Free.” Will Elon Musk Become Grand Duke of Mars? (Ugo Bardi)

Some people absolutely love censorship. But many (perhaps most) users of social media didn’t like to be watched from over their shoulders by those overzealous nannies who pretended to know better than them what is true and what is not. That generated criticism, and some attempts to rein in the censors. But, so far, we only saw censorship increasing its reach and becoming more pervasive.Except for the news of the day: the bird is free! Elon Musk bought Twitter and promises to eliminate censorship.

What’s happening? There are several possible interpretations, but at least something is clear: those who rule us are not a monolithic entity, as the Communist Party was in the Soviet Union. There are several would-be world rulers who are vying for power behind the scene. Musk may actually be smarter than most of them and able to understand that you gain nothing by silencing those who disagree with you. Suppose he wants to become the next US president, or maybe the Grand Duke of Mars, then he has to think like the Grand Duke of Tuscany did. He needs to know what people think because he can rule only if people agree that he is the ruler. Ruling by force and oppression is inefficient and, often, the ruler ends up hanged by the feet. So, Musk may well understand that he needs to leave some space for people to express themselves. The bird may not be completely free, but it has to be able to fly.

We seem to be in a transition moment (we always are). The Internet is under pressure by the attempt of controlling it by the powers that be, turning it into a tool for a totalitarian government (in China, the government may have succeeded at that). But, at the same time, some members of the elites are realizing that the Internet is a much better tool if used according to its characteristic of a two-way communication system. The Internet may allow us to generate a new governance system that might be more effective and just than the old totalitarian systems. It might be part of a “new Renaissance” that could take some aspects similar to the way Cosimo the 1st ruled in Tuscany during the 16th century. Maybe. But, as always, the future will surprise us.

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But still, Musk would have to deflect the entire kitchen sink that will be thrown at him.

• How Elon Musk Should Shape Twitter — Sans the Sink (Turley)

News reports last week seemed to start out like a bar joke: The richest man in the world walks in carrying a sink . . . Of course, it was a joke — a colossal joke. The question is whom the joke is on. For Elon Musk, the punch line was appropriately delivered on Twitter, the company he’s taking over Friday at an inflated price. Calling himself “Chief Twit,” Musk posted the video with the caption “Entering Twitter HQ — let that sink in!” For the Musk-phobic, it was as funny as a drive-by shooting. CNN analyst Juliette Kayyem denounced Musk’s taunt as “fundamentally cruel.” After all, when Musk was first reported to be buying the company, employees were so traumatized that leadership had to offer emotional support just to “get through the week.”

The reason is less the fear of Musk bringing bathroom fixtures than free speech into San Francisco headquarters. Twitter has created one of the largest censorship systems in world history — a system widely condemned for a pattern of political bias and viewpoint intolerance. Outgoing CEO Parag Agrawal is unabashedly hostile to traditional views of free speech. Soon after he took over, he pledged to regulate content and said the company would “focus less on thinking about free speech” because “speech is easy on the Internet. Most people can speak. Where our role is particularly emphasized is who can be heard.” For employees who are true believers of this censorship scheme, the joke no doubt feels like it’s on them. The censorship skill set may not be quite as much in demand in a Musk-owned firm.

While Facebook, Google and other companies are still committed to corporate censorship, Musk has pledged to restore free speech principles to Twitter. But the joke may still be on Musk if he yields to Twitter’s corporate culture or the mainstream media’s unrelenting pressure. Democratic leaders like Hillary Clinton have turned from private censorship to good old-fashioned state censorship. Clinton has called on foreign governments to step in and pass laws that would force Twitter to continue to censor opposing views. New Zealand Prime Minister Jacinda Ardern recently repeated this call for global censorship at the United Nations to the applause of diplomats and media alike. Musk may have to yield to such domestic laws, but he can use his platform to inform citizens of those countries they are being censored and controlled in what they are allowed to read.

The most important thing in America is for Musk to hit the ground running at Twitter. First, he needs to order the preservation of all records. There are well-supported examples of biased censorship, including the burying of The Post’s Hunter Biden laptop story before the election. There are also allegations of back-channel communications from the government to manage a type of censorship-by-surrogate system to evade the First Amendment. Second, Musk should focus on the First Amendment as a model for Twitter’s content-management policy. It has become a mantra on the left that free-speech objections to social-media censorship are meritless because the First Amendment does not apply to private corporations.

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Lagarde should be fired for 1) making this statement, and 2) meaning it.

• ‘Inflation Came From Nowhere’ – Lagarde (RT)

The European Central Bank (ECB) has doubled its key interest rate to the highest level in more than a decade in an attempt to combat soaring inflation, ECB President Christine Lagarde has explained. In an interview with Irish national broadcaster RTE on Friday, Lagarde said: “We do it because we are fighting inflation” that had “pretty much come about from nowhere.” She pointed to a speedier-than-expected economic rebound from the pandemic as a cause alongside “the energy crisis caused by Mr. Putin who has decided in an unjustifiable way to invade another country.” The ECB chief added: “That’s what he [Putin] is trying to do, cause chaos and destroy as much of Europe as he can. This energy crisis is causing massive inflation which we have to defeat.”

She went on to say that “Anybody who is behaving in that way has to be driven by evil forces,” and that the “sick”Russian president is a “terrifying person.” Discussing her previous meetings with the Russian leader, Lagarde described him as an “unbelievably super-briefed person” with “flashing, freezing eyes.” After expressing her view, Lagarde however stressed that she’s “just a central banker,” and “shouldn’t be saying all these things.” On Thursday, the ECB announced another interest rate hike, taking Eurozone rates to the highest level since 2009. According to Lagarde, they are aimed at bringing inflation back to “reasonable levels so the cost of living isn’t as high as it is for people.” In September, inflation across the euro area hit 10%.

The EU has blamed Russia for the spiraling energy crisis across the continent. However, many economists point to the bloc’s fiscal policy responses as a major reason behind the crisis. Moscow has also criticized the “illogical and often absurd” moves by Western nations, saying that the sanctions imposed by the US, EU, and other countries on Russia have backfired and resulted in a sweeping energy crisis as well as record inflation across the West.

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This will cost Erdogan a lot of points. He negotiated the grain corridor, meant for Africa nations, but grabbed 34% for himself AND allowed Kiev to use the corridor to hide drones.

• Putin Clarifies Position On Grain Deal (RT)

The grain deal between Moscow and Kiev has not met its stated goals, Russian President Vladimir Putin said on Monday. Most of the Ukrainian agricultural products exported under the agreement have not reached the poorer nations they were supposedly intended for and have instead ended up in Europe and Türkiye, he argued. Putin said Moscow was suspending its participation in the deal, but not fully withdrawing from it. The deal was promoted to “secure the interests of the poorer nations,” he said, adding that, according to Russian intelligence, the real structure of Ukraine’s grain exports is vastly different. “We agreed to that [grain deal] precisely in the interests of the poorer nations,”the Russian president said.

“On the whole, it looks like 34% of [the Ukrainian] grain gets to Türkiye, 35% or even more is taken by the EU nations and only between three and four … or five percent, according to our Agriculture Ministry … goes to the poorer nations,” Putin said. His words came as the Russian military closed the Black Sea grain corridor used to export Ukrainian grain under the agreement reached in Istanbul in July. The agreement – mediated by the UN and Türkiye – was initially hailed as critical for easing the global food crisis and helping the world’s poorest nations avoid starvation. Russia has since repeatedly pointed out that the grain, in fact, goes to other destinations. Moscow decided to halt its participation in the deal following a massive drone attack on its naval base in the Crimean port city of Sevastopol last week.

According to the Russian Defense Ministry, the naval drones used in the attack navigated through the grain corridor’s security zone to reach their targets. One of them might have even been launched from a civilian vessel chartered to transport Ukrainian grain shipments, it added. Earlier on Monday, Kremlin spokesman Dmitry Peskov said that Russia was ready to compensate the missing Ukrainian grain export volumes from its own stocks. At the same time, he said that Moscow could not yet name the conditions that would make it resume its participation in the deal. In the wake of Moscow’s decision to suspend its participation in the deal, the UN has insisted that “food must flow”regardless of circumstances. Civilian vessels “can never be a military target or held hostage,” the UN coordinator for the Black Sea grain initiative, Amir Abdulla, said. Russia has previously said that it could not guarantee the security of the grain corridor if Kiev used it for military purposes.

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Inevitable. If Turkey doesn’t do it, Russia must.

• Russia Tells UN It Will Inspect Black Sea Ships (RT)

Ukraine “grossly violated” the Istanbul agreement on grain exports via the Black Sea and forced Moscow to suspend it indefinitely, Russia’s envoy to the UN Vassily Nebenzia told the Security Council on Monday. The Russian Navy will inspect all cargo ships bound for Ukraine, even those unilaterally cleared by the Turkish-based coordination center, he added. “This subversive action of Kiev grossly violates the Istanbul agreements and, in fact, puts an end to their humanitarian dimension. It is now obvious to everyone that the Black Sea humanitarian corridor is being used by the Ukrainian side for military sabotage purposes,” Nebenzia said, referring to Saturday’s drone attack on Sevastopol. Russia “cannot guarantee the safety of civilian ships participating in the Black Sea initiative,” Nebenzia added, as “we do not know what other terrorist attacks Kiev is preparing with the support of its Western sponsors.”

On Sunday, after Moscow announced the suspension of the arrangement, the Joint Coordination Center (JCC) in Istanbul said it had greenlit 16 ships to navigate the corridor on Monday and “informed” Russia about the decision. According to maritime traffic data, at least two ships left the Black Sea port of Odessa in the morning, reporting Istanbul as their destination. “Decisions and measures taken without our participation are not binding on us,”Nebenzia told the UN. Moscow “cannot allow ships to pass without our inspection and will be forced to take independent measures” to inspect ships authorized by the JCC without Russian approval. Meanwhile, the UN coordinator for the Black Sea grain initiative, Amir Abdulla, insisted that “the food must flow.”

The UN and Türkiye mediated a deal in July under which Ukrainian grain could be exported via the Black Sea, while Western obstacles to the exportation of Russian grain and fertilizer would be removed. The US and its allies insist they had never sanctioned grain exports – but their sanctions on Russian ships and insurance made them impossible in practice. Moscow has criticized the West for not keeping its side of the deal and pointed out that the bulk of Ukrainian exports had gone to the EU and not the African nations most affected by food insecurity. Russia halted its compliance with the pact on Saturday, after Kiev launched a major drone attack on the Black Sea Fleet and civilian vessels involved in securing safe passage for agricultural cargo from Ukrainian ports. On Sunday, after studying the wreckage of the unmanned combat vehicles, the Russian Defense Ministry said that those behind the attack made active use of the UN-brokered grain corridor.

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Just making friends.

• Israeli Finance Minister Added To Kiev’s ‘Kill List’ (RT)

Israeli finance minister, Avigdor Lieberman has been added to the database of the “enemies of Ukraine” on the controversial Mirotvorets website on Sunday. The authors of the site, which is believed to have links to the Ukrainian security services, described Lieberman as “Russia’s agent of influence,” who had been manipulating publicly significant information in favor of Moscow. They also blamed him for taking part in acts of “humanitarian aggression” against Ukraine. Among the actions that led to Lieberman being placed on the list, were his refusal to finance an Israeli field hospital in Ukraine in March and his neutral stance on who is to blame for the massacre in the Kiev suburb of Bucha in April. The website also shared a link to an article, claiming that he had ties with Russian gas giant Gazprom.

Ukrainian authorities have frequently expressed their disappointment with the level of support they’ve been getting from Israel during the conflict with Russia. The country has only provided Kiev with humanitarian aid and life-saving defense equipment, but not weapons and munitions. Israel also refrained from joining international sanctions on Moscow. Last week, Liberman said that Israeli assistance to Ukraine since the outbreak of the fighting between Russia and Ukraine in late February amounted to some $40 million. Liberman has been finance minister since 2021. He’s a veteran politician, who has occupied various high positions in the Israeli government over the years, including foreign minister, defense minister, and deputy PM. The 64-year-old is also the head of Yisrael Beiteinu (Israel Our Home), which holds seven seats in the country’s parliament, the Knesset.

Liberman was born in Chisinau, Moldova when the republic was part of the Soviet Union and immigrated to Israel in 1978. The Mirotvorets website, translated as ‘peacemaker’, was launched in 2014, positioning itself as an independent database run by anonymous moderators to help Ukrainian authorities and “special services” apprehend pro-Russian terrorists, separatists, and war criminals, among others. However, some have branded the database a ‘kill list,’ which is backed by the government, after several individuals, including writer Oles Buzina, politician Oleg Kalashnikov, and Russian journalist Darya Dugina were assassinated shortly after their profiles appeared on the website. The most recent high-profile additions to Mirotvorets included Kazakhstan’s president, Kassym-Jomart Tokayev, Pink Floyd co-founder Roger Waters. There were claims that the world’s richest man, Elon Musk, was put on the database in mid-October, but swiftly removed from it. The alleged addition happened after Musk offered a peace plan, which envisaged Kiev giving up territories to Moscow.

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Slow grind.

• Much Of Kiev Without Power & Water After New Russian Airstrikes (ZH)

Much of the Ukrainian capital of Kiev is without electricity or water, after the latest round of major Russian airstrikes on Monday. The Russian military announced ‘successful’ strikes on multiple of the country’s vital infrastructure facilities. “The Russian Armed Forces continued to launch strikes with high-precision long-range air and sea-based weapons against Ukrainian military and energy facilities,” the Defense Ministry said. “The goals of the strikes were successful. All assigned objects were hit.” Meanwhile, Ukrainian Prime Minister Denys Shmyhal confirmed direct hits on 18 sites – most of which were connected to the nation’s energy supply. These ramped up attacks have created a growing sense of panic with temperatures plunging and winter approaching.

“Missiles and drones hit 10 regions, where 18 sites were damaged, most of them energy-related,” Shmyhal stated on Telegram. “Hundreds of settlements in seven regions of Ukraine were cut off.” Facilities in Cherkasy and Kirovohrad also came under attack. Ukraine’s military said it intercepted projectiles over the Lviv region, which spared this western part of the country from damage. The Washington Post noted there are “power outages continuing in the Kyiv, Zaporizhzhia, Dnipropetrovsk and Kharkiv regions,” and others. The Post listed some of the below regions impacted by large-scale power outages and water supply disruptions:

• Kyiv region: Russian strikes damaged buildings, and rescuers are searching for victims, the regional police said. Attacks left 80 percent of the capital without water and are likely to cause sustained power outages, Mayor Vitali Klitschko said.
• Kharkiv: Two strikes hit critical infrastructure facilities in the eastern city, causing problems with the water supply and affecting the public transit network, the mayor said.
• Zaporizhzhia region: An infrastructure facility was struck by rockets, the local governor said, prompting warnings from officials in the southern region that energy supplies there could also be affected.
• Cherkasy region: Some of the region lost power after air attacks on infrastructure facilities, the military administrator said.

Ukrainian Foreign Minister Dmytro Kuleba condemned the attacks as more war crimes: “Another batch of Russian missiles hits Ukraine’s critical infrastructure. Instead of fighting on the battlefield, Russia fights civilians,” he tweeted. Additionally Kyiv mayor Vitali Klitschko announced on Telegram that these fresh strikes left 80% of residents in the capital without water and some 350,000 homes with no electricity. “Just in case, we ask you to stock up on water from the nearest pumps and points of sale,” he advised. The mayor’s office vowed that water supply to the effected parts of the city would be restored in three to four hours, with emergency utility crews working urgently on it.

Rescue teams in the capital are reportedly searching for possible casualties under the rubble of buildings destroyed or damaged from the new salvo of Russian strikes; however, at this point casualty numbers are unclear. The US ambassador said she and her staff had to take shelter in this latest attack on the capital: Already before Monday’s attacks, Ukrainian officials estimated that 40% of the nation’s electrical power systems had been severely damaged, and urged households to limit their usage, especially with non-essential large appliances. Ukrainians are further being warned to prepare for long-term power outages as a frigid winter is just around the corner.

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“The mirage is over. This Hell-begotten war must end.”

• From The Surreal To The Real To The Meta-Real (Batiushka)

[..] the surreal continued when, on 23 October, with the Russian Defence Minister’s phone calls to his US, UK, French and Turkish counterparts about the Russian discovery of a Kiev/MI6 plot to use a ‘dirty’ bomb and blame it on Russia. Having outed the plot, Sergei Shoigu had alerted the US Establishment to the extremism of the now desperate Kiev elite (and their British MI6 operatives). The US put the Kiev crazies in their place, since, after all, the US are the string-pullers and puppets are not allowed to do anything without their express permission. The US duly stated that it has seen no evidence that Russia intends to use nuclear weaponry and President Putin stated that Russia has no plans to use nuclear weapons. The panic and hysteria of the Western media and of others was unfounded; though the mass media did not report the US admission. Panic and hysteria sell.

[..] Let us now come back to reality. The 87,5% of the world which either supports the Russian campaign to liberate the Ukraine, or else remains neutral towards it, shows the increasing isolation of the Nazi West. And it is now also crystal clear that ‘the West’ is in fact only the USA, just as NATO is only the USA, the Wicked Witch of the West. The rest is just camouflage, a mirage. In Italy, Germany, France, Moldova, the Czech Lands, Romania (the former Defence Minister), Bulgaria, Serbia, even in the UK, dissident voices are protesting. For God’s sake, negotiate with Russia! The Ukraine is their business, not ours, they’re all basically Russkies anyhow. We want gas and food! Who cares about the Nazi puppets in Kiev?

More and more all European governments, apart only from the Hungarian, are being seen as what they are – simply US puppet elites, who do not represent their peoples. EU or Non-EU Europe, there is no difference, apart from Hungary, which alone has, in every sense, a popular government. If Nobel Prizes were given non-politically, surely Victor Orban should have won one of them by now. Here the hypochondriac French are going crazy because China is sanctioning them by depriving them of paracetamol. Perhaps as many as 20% of Western Europeans have now realised that the whole Ukraine affair is a put-up job, arranged by the US, with its British poodle yapping at its feet. Same as Iraq, same as Afghanistan. Same old, same old.

The poodle is more papist than the Pope. Over the last two months it is notable that most Ukrainian flags have been taken down in Europe. It is rare to see one now. The working class were never interested, they always knew it was just another operation by the arms industry, but now even the conformist middle-class is taking down its Ukrainian flags. The mirage is over. This Hell-begotten war must end.

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UK was directly involved.

• Drone Attack On Sevastopol (MoA)

This morning at 4:20 local time the Russian fleet in the Crimean port of Sevastopol was attacked by nine unmanned aerial vehicles and seven autonomous maritime drones. Earlier a maritime drone that had run aground in Crimea and had been found and pictured. During today’s attack a large U.S. drone had flown circles south of Crimea. It likely relayed data from and to the drones. The maritime drones are British and Russia alleges that British specialists had trained the Ukrainian navy in using them. It also says that British soldiers were involved in the attack on the Nord Stream pipeline. The Ukrainians published two videos shot by the maritime drones while attacking. One of the video shows extensive gun fire impacts near the drone from a Russian helicopter that is attacking it.

The Russians say that all the aerial drones and 4 of 7 maritime drones were defeated before they could caused damage. They also say that one mine seeking ship was damaged in the harbor. It is possible that the damage is greater than Russia admits. As a consequence of the attack Russia declared that the deal which allowed for grain exports from Odessa has been suspended. That deal had already been in danger as the ‘west’ had not fulfilled its part of the deal which would have allowed for the export for Russian fertilizer to third parties. I find it likely that Russia will take additional measures to punish the Ukrainian navy for the brazen attack. Additional attacks on Ukrainian infrastructure is another possibility.

Meanwhile all recent attempts by the Ukrainian army to penetrate the Russian held lines have failed. It is notable that these are now much smaller in size with just a battalion or in some cases just two companies in the lead. It is now definitely mud season in Ukraine during which it is impossible to cross most farmland even on feet. This will hinder the attacking forces on both sides until winter sets in.

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Lula has strong ties to China and has been a driving force behind BRICS.

“..the next BRICS summit in South Africa, which will consolidate BRICS+, as an array of nations are itching to join, from Argentina and Saudi Arabia to Iran and Turkey.”

• Comeback Kid Lula In The Eye Of A Volcano (Escobar)

Lula is one of the founders of the BRICS in 2006, which evolved out of the Russia-China dialogue. He’s immensely respected by the leaders of the Russia-China strategic partnership, Xi Jinping and Vladimir Putin. He has promised to serve only one term, or up to the end of 2026. But that’s exactly the key stretch in the eye of the volcano, straddling the decade Putin described in his Valdai speech as the most dangerous and important since World War II. The drive towards a multipolar world, institutionally represented by a congregation of bodies from BRICS+ to the Shanghai Cooperation Organization to the Eurasia Economic Union, will profit immensely to have Lula on board as arguably the natural leader of the Global South – with a track record to match.

Of course, his immediate foreign policy focus will be South America: he already announced that will be the destination of his first presidential visit, most probably Argentina, which is bound to join BRICS+. Then he will visit Washington. He has to. Keep your friends close and your enemies closer. Informed opinion across the Global South is very much aware that it’s under Obama-Biden that the whole, complex operation to topple Dilma and expel Lula from politics was orchestrated. Brazil will be a lame duck at the upcoming G20 in Bali in mid-November but in 2023 Lula will be back in business side-by-side with Putin and Xi. And that also applies to the next BRICS summit in South Africa, which will consolidate BRICS+, as an array of nations are itching to join, from Argentina and Saudi Arabia to Iran and Turkey.

And then there’s the Brazil-China nexus. Brasilia has been Beijing’s key trade partner in Latin America since 2009, absorbing roughly half of China’s investment in the region (and the most of any Latin American investment destination in 2021) and firmly placed as the fifth largest exporter of crude for the Chinese market, second for iron and first for soybeans. The precedents tell the story. Right from the start, in 2003, Lula bet on a strategic partnership with China. He considered his first trip to Beijing in 2004 as his top foreign policy priority. The goodwill in Beijing is unshakeable: Lula is considered an old friend by China – and that political capital will open virtually every red door.

In practice, that will mean Lula investing his considerable global clout in strengthening BRICS+ (he already stated BRICS will be at the center of his foreign policy) and the inner workings of South-South geopolitical and geo-economic cooperation. That may even include Lula formally signing up Brazil as a partner of the Belt and Road Initiative (BRI) in a way that won’t antagonize the US. Lula, after all, is a master of this craft.

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Saudi Arabia cannot pick the US over OPEC+ and BRICS. It’s not in their interest.

• Why The US-Saudi Relationship Is Withering (RT)

As the Gulf States are ultimately concerned with preserving their own value systems and independence, they have increasingly diversified their relationships in recent years with tilts towards Russia and China. Beijing, with its enormous demand for energy, has also become a lucrative alternative to the West. Similarly, stable ties with Moscow also allow for cooperation in the common interests of oil-exporting countries, which has also had the effect of reducing Western influence and dominance over those countries. On recognizing this, why would Saudi Arabia and the states of OPEC voluntarily undermine their own oil revenue merely to suit the geopolitical interests of the United States?

The world is in the middle of an energy price crisis exacerbated by the conflict in Ukraine. Saudi Arabia sees that the US and some of its allies want to purposefully try to lower the price of oil in a bid to try and hurt Russia. However, that is not how the market works and, by extension, such a move is also an assault on Saudi and OPEC interests. While the kingdom is officially neutral in regards to Russia-Ukraine, it also recognizes that the success of an energy price cap would embolden the West to push harder against Russia, which also serves to undermine the kingdom’s geopolitical independence.

In other words, if the US succeeded in dividing OPEC by unilaterally demanding a price cap on oil products, it would defeat the very purpose of the organization itself to protect the respective economic interests of those countries. The United States has been a useful partner to Saudi Arabia, but it is not a friend. It is not part of a ‘bloc’ or ideological coalition, as let’s say the UK is, but merely has seen the West as the most useful and lucrative partner to fulfil its own political needs. As those needs change, Saudi Arabia’s preferences are also subject to change. Washington is therefore learning that the kingdom is not a client state to be called on when needed, and thus this very close and often contradictory partnership is starting to strain.

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Nero comes to mind.

• They Rule Over Dysfunctional Ruin, but They Rule (Crooke)

Since 2008, we have lived in a western world shaped by the ‘permanent state’ or by our managerial technocrats – label to choice. This ‘creative class’ (as they like to see themselves) is particularly defined by its intermediary position in relation to the wealth-controlling oligarchic cabal as ultimate big money overlords on one hand, and the dullard ‘Middle Class’ below them – at whom they sneer and deride. This intermediary class didn’t set out to dominate politics (they say); It just happened. Initially, the aim was to foster progressive values. But instead, these professional technocrats, who both had accreted considerable wealth and were tightly congregated into cliques in America’s large metro areas, came to dominate left-wing parties around the world that formerly were vehicles for the working class.

Those who coveted membership in this new ‘aristocracy’ cultivated their image as one of cosmopolitan, fast-moving money, glamour, fashion, and popular culture – multiculturalism suited them to perfection. Painting themselves as the political conscience of the whole of society (if not the world), the reality was that their Zeitgeist reflected primarily the whims, prejudices and increasingly psychopathies of one segment of liberal society. Into this milieu arrived two defining events: In 2008, Ben Bernanke, Chair of the Federal Reserve, gathered together in the aftermath of the Global Financial Crisis, a room-full of the wealthiest oligarchs, ‘locking them in’ until they found the solution to the unfolding systemic bank failure.

The oligarchs did not find a solution but were released from their lock-up anyway. They opted instead, to throw money at structural problems, compounded by egregious errors of judgement about risk. And to finance the resulting massive losses – which were over $10 trillion in the U.S. alone – the world’s central banks began printing money – since when they have never stopped! Thus begun the era in the West where deep problems are not solved, but simply have freshly-printed money thrown at them. This methodology was whole-heartedly adopted by the EU also, where it was called Merkelism (after the former German Chancellor). Underlying structural contradictions were simply left to accumulate; kicked down the road.

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“To provide some perspective, from 2020- Q2 2022, US government debt increased over $7 trillion.”

• US Economic Decline And Global Instability Part 3 (Phillyguy)

The US emerged from WWII as the world’s leading power. Since that time, US global supremacy has rested on unrivaled military and economic power, control of world’s energy reserves (primarily in the Middle East), and maintaining the dollar as the world’s reserve currency. This relationship began to transform in the mid-1970s, as US corporate profits began to stagnate/decline, the proximate cause being the 1973-1975 recession [3], a consequence of increased competition from rebuilt economies in Europe- primarily Germany (Marshall Plan) [4], Japan/South Korea (Korean war) and more recently China. The US ruling elite responded to this economic challenge by pursing neoliberal economic policies (reviewed in [1]).

This included: 1) multiple tax cuts for the wealthy, 2) financial deregulation- repeal of Glass–Steagall legislation (1933 Banking Act) by the Gramm–Leach–Bliley Act (GLBA) in 1999 and Commodity Futures Modernization Act (CFMA) of 2000, that exempted over-the-counter derivatives trades between financial firms from regulation. It should be noted that both of these bills were passed during the waning years of the Clinton Administration and may have been a quid pro quo to spare President Clinton an impeachment conviction over his affair with White House intern Monica Lewinsky [5]. 3) attacks on labor and the poor and job outsourcing to Mexico, China and other low-wage platforms, facilitated by passage of North American Free Trade Agreement (NAFTA) in 1994 [6].

The effect of these policies is vividly observed in the manufacturing sector. In 1960 the US produced 50% of global manufacturing output, accounting for 25% of GDP. Today, the US produces circa 17% of global manufacturing output, accounting for 11% of GDP [7]. 4) Spending vast amounts of taxpayer money (> $20 trillion) on post-911 militarization. The neoliberal economic policies outlined above precipitated the Global Financial Crisis 2007-2008 (GFC), the largest financial crash since the Great Depression [8] [9] [10]. None of the structural economic problems giving rise to the GFC (listed above) have been resolved; instead, the FED has used the US Treasury as a taxpayer-funded ‘piggy bank’ (the FED cannot print money) to pump over $40 trillion (this figure may be as high as $50 trillion) to support insolvent banks, inflate bond and equity markets and over-priced real estate, creating the ‘everything bubble’ [11].

Thus, since 2009, the US ‘economy’ has been sustained by continuous money printing to prop up financial markets and the Pentagon. Not surprisingly, this has been accompanied by an explosion of debt and rising inflation, further exacerbated by the Covid-19 pandemic, war in Ukraine and sanctions on Russian energy, which has led to demands for even more money to support financial markets and the Pentagon. To provide some perspective, from 2020- Q2 2022, US government debt increased over $7 trillion [12].

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Must read history lesson.

• Russia’s New Regions On Collision Course With Ukraine 100 Years Ago (Nepogodin)

When four formerly Ukrainian regions joined Russia nearly a month ago, the collective West tried to present the occurrence as treacherous, unprecedented, and lacking local support. However, the reunification was preceded by a century-long struggle by a large amount of the regions’ inhabitants for the right to be considered Russians. In February 2015, the deputies of the parliament of the self-proclaimed Donetsk People’s Republic (DPR) signed a memorandum declaring the continuity of their statehood from the Donetsk-Krivoy Rog Republic, one of the numerous entities that emerged during the Russian Civil War. This quasi-state, which was created by the Bolsheviks in 1918 and aspired to become part of the Russian Soviet Federative Socialist Republic (RSFSR), included not only Donbass, but also the Zaporozhye and Kherson Regions.


History may zigzag, but time puts everything in its place. Today, Russian Donbass is restoring lost ties with Russia and establishing new ones,” wrote Denis Pushilin, the head of the DPR, shortly before the start of Russia’s military offensive. In this article, RT explores the brief history of the Donetsk-Krivoy Rog Republic and explains why the residents of Donbass wanted to live as part of Russia even 100 years ago. Back in 1999, the famous Russian political geographer and theorist Vladimir Kagansky wrote a large article entitled ‘Ukraine: Geography and Fate of the Country’, in which he made a forecast: Ukraine will inevitably transform, and this transformation mainly depends on Russia. He concluded that its self-determination would inevitably be anti-Russian, citing the country’s “stretchable borders” as one of the main reasons. At a minimum, this would encompass just the right bank of the Dnieper, or even Galicia alone.

At a maximum, the borders would stretch to the southern Russian cities of Voronezh and Stavropol. “The USSR and the CIS are a semi-empire of republics around Russia, and Ukraine is the main link in this necklace, a geopolitical pendant. Ukraine divides the space of the former USSR into separate, geographically separated blocks, and connects three blocks (Belarus and the Baltic States – Moldova – the Caucasus). Ukraine is the only alternative to Russia as the center of the current CIS and the entire post-Soviet space. It is the only way to potentially bypass Russia – the main anti-Russian bastion, and Russia’s main partner in the arrangement of this space,” wrote Kagansky.

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Inflation As A Prelude To War

 

 

Rogan The Shining
https://twitter.com/i/status/1587125259492331520

 

 

 

 

 

 

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