Sep 192023
 
 September 19, 2023  Posted by at 8:35 am Finance Tagged with: , , , , , , , ,  56 Responses »


Paul Cézanne Les (Grandes) Baigneuses 1905

 

Boldly Into the Chaos (Kunstler)
How Biden Will Circle the Wagons (Hanson)
‘It Was My Decision’: Trump Defends 2020 Election Challenge (ET)
Trump to Skip Second GOP Debate, Address Detroit Auto Workers Instead (Sp.)
Hunter Biden Sues IRS for ‘Violating His Privacy’ (Sp.)
The Surgical Charging of Hunter Biden Ignores a Pattern of Concealment (Turley)
Hunter Biden Claims Whistleblowers Tried To ‘Target’ And ‘Embarrass’ Him (ZH)
European Elite’s Dream Of Power Crumbles (RMX)
Hungary, Poland and Slovakia Pull Out Of EU Grain Platform (RT)
Kiev Demands West Take Measures To Combat ‘War Fatigue’ (RT)
Clintons Look to Cash in on ‘Aid’ for Ukraine (Sp.)
US Sanctions War Is Good For Russian Shipping, Greeks Too (Helmer)
The BRICS Commodity Powerhouse: Can It Force a New Economic ‘Order’? (Crooke)
Biden Wants to Salvage US Hegemony by Reforming UN Security Council (Sp.)

 

 

 

 

Trump NBC

 

 

RFK Brand

 

 

 

 

Stoltenberg

 

 

 

 

 

 

“Much as the deck is stacked against Mr. Trump, his enemies have stupidly stuffed that deck full of jokers that are liable to shriek and giggle their way out of court when turned face-up..”

Boldly Into the Chaos (Kunstler)

The Ukraine war caper has pretty clearly lost its appeal as a supposed crusade for “democracy.” The yellow and blue flags vanished from the front porches and car bumpers months ago. It was a lie from the get-go that we have any national interest in that sad sack country. Our own government engineered the fiasco, and from every angle it has been a dead loss for all parties on our side. Ukraine has been reduced to a failed state in-waiting; Euroland has sacrificed its industrial economy for nothing; and the USA has squandered its last bits of prestige among other nations in this ignominious game of Lets You and Him Fight. Also, Americans have begun to notice that the billions funneled into Mr. Zelensky’s cadre of neo-Nazis and kleptocrats is money that is not going to places like East Palestine, Ohio, Lahaina, Maui, and the towns along our tortured southern border from Matamoros to Tijuana.

Even the people who supposedly elected “Joe Biden” are becoming a little concerned about blundering into World War Three over the mess created by Victoria Nuland & Company. How did we come to the point that it is now illegal to question the veracity of elections in America? And to charge a former president of the US for doing it? Much as the deck is stacked against Mr. Trump, his enemies have stupidly stuffed that deck full of jokers that are liable to shriek and giggle their way out of court when turned face-up. Judge Tanya Chutkan of the DC District Court is one of the jokers, having already branded Mr. Trump a seditious insurrectionist in the trails of many J-6 demonstrators she sent to jail on longer sentences than the prosecutors even asked for.

DA Fani Willis of Fulton County, Ga, is another joker who constructed a career-ending booby-trap for herself, and DA Alvin Bragg of New York County (Manhattan) will not be the one laughing when he’s finally bum-rushed out of his law license. An interesting fate awaits “Joe Biden” in the months ahead as the revenue stream of the Biden family foreign consulting firm gets audited in a House impeachment Inquiry. And an interesting-er fate awaits the Party of Chaos when it finally has to admit that it doesn’t have a candidate for the 2024 presidential election — at least a candidate anyone has ever heard of. The “president” stands (shakily) bestride a dilemma. He can gracefully bow out of office and avoid the historic humiliation of being unmasked as the crookedest chief executive ever — but if he does that, he loses the ability to pardon the son he so loves in any upcoming indictments, or pardon himself as CEO of Biden Consulting Inc.

Or, just maybe, the Blob will steal into the White House residence some gloomy pre-dawn morn, and settle its quivering, gelatinous endoplasm over “JB’s” face until his struggles with Congress and everything else on this plane of existence come mercifully (for us) to their end.

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“House Republicans will have to break through the labyrinth of Biden paywalls and find how much money was rerouted into Biden coffers.”

How Biden Will Circle the Wagons (Hanson)

The strategies of saving the Biden presidency from an impeachment and a Senate trial despite overwhelming evidence of his corruption are starting to emerge. The Family is confronted with damning evidence from the laptop, from the testimonies of Hunter’s business associates Bobulinksi and Archer, from Ukrainian oligarchs and Viktor Shokin, from IRS whistleblowers, from FBI writs, from a likely pseudonymous Biden trove of 4,000 emails to his son and associates, and from the absolute paranoia of a White House that must constantly change its narrative of denials to adjust to a growing portrait of utter corruption, bribery, and perhaps even the treason of warping U.S. policy to fit Biden family interests.

One of their strategies is to deny, then hedge, then ignore, then grow silent—and repeat the wash/rinse/spin cycle of stonewalling as many times as necessary to evade the mounting truth. Insidiously Joe Biden has retreated from his once loud protestations that he supposedly had no idea of what Hunter and his associates were doing. Such a patently dishonest denial set the model that the President would have no compunction about lying to the American people until the evidence of his wrongdoing becomes overwhelming. But this first line of defense did not crumble for years—only to be replaced by a second line of denial: Biden may have known of Hunter’s shenanigans, but he had no business interests with him. That was another blatant untruth.

And that additional stalling also allowed Biden to ignore the closing walls of incrimination for even more months. When these two forward lines of defense collapsed, as the Biden consortium knew they eventually would, a retreat to a third line of defense followed: yes, Joe knew, after all, of Hunter’s miscreant shakedowns; and, yes, Joe, after all, conceded that from time to time he did meet Hunter’s business associates, and upon requests made phone calls to Hunter’s clientele. But he did not profit from such knowledge and associations. Instead an upright old Joe from Scranton was playing along with the “illusion” of influence peddling: Scranton naiveté is not D.C. criminality. Biden’s tripartite lines of defense always got shorter and shallower as evidence mounted. But so far Biden has managed to consume 31 months of his presidency through these strategic retreats.

His fourth and final line of defense will likely be that he was involved, that he had rather than feigned contact, but that he did nothing other than what scores of other high-ranking politicians do who rub shoulders with would-be miscreants, sycophants, and crooks—and so did not knowingly take “loans” and “gifts” that had strings attached. To breach this fourth defense line, House Republicans will have to break through the labyrinth of Biden paywalls and find how much money was rerouted into Biden coffers. And then they must additionally compare what came into the Biden hands with a) what the family reported on their respective income tax returns, and b) whether their various properties and lifestyles were remotely possible without such massive hidden income. And getting bank records from the Bidens will be near impossible.

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“I was asked to speak, and I was the President of the United States. I’m allowed to do that.”

‘It Was My Decision’: Trump Defends 2020 Election Challenge (ET)

Special counsel Jack Smith is now prosecuting the Washington case against President Trump, alleging conspiracy to obstruct an official proceeding, obstructing an official proceeding, conspiracy to defraud the United States, and conspiracy against rights. They relate to Jan. 6 only in terms of his calls to delay the vote certification in Congress on that day. “First of all, I had very little to do with January 6th,” he said, referring to the Capitol breach. “I was asked to speak, and I was the President of the United States. I’m allowed to do that.” He said that “hundreds of thousands of people were there, and it was a beautiful, beautiful sight,” and that he spoke “peacefully and patriotically” at the event. He told Ms. Welker he had thought about going into the Capitol that day, but Secret Service advised him to go back to the White House.

“I wanted to go down peacefully and patriotically to the Capitol. Secret Service, who I have great respect for, said, ‘Sir, it’s better if you don’t do that. It could be unsafe,'” President Trump said. He clarified they didn’t mean they anticipated a riot, but because with such a large crowd, a single assailant would have significant cover. “So I didn’t have a dispute with them.” He further alleged that the breach happened because then-Speaker Nancy Pelosi (D-Calif.) turned down his offer of 10,000 additional National Guard. “She’s responsible for January 6th,” he alleged. “And the J6 Committee refused to interview her.” He noted that the treatment of those who were present was one reason he decided to run for reelection. “People that went [there], that didn’t even go into the building, have suffered gravely,” he said, pointing out that rioters in cities across the country calling to “defund the police” were not prosecuted in the same way.

The Department of Justice has thus far brought 1,100 cases against those who were present on Jan. 6, and efforts continue. “When you launched your campaign in March, you told the crowd, quote, ‘I am your retribution.’ What does that mean? What does that look like?” Ms. Welker asked President Trump. “I think retribution is talking in terms of I have to protect people,” he said. “What they’re doing to people is so horrible. They’re putting people in jail for long periods of time. Firemen, policemen, accountants, even lawyers. They’re in prisons for years now and don’t even have trials in some cases.” “I’m talking about fairness,” he said, adding he was open to pardoning those who were wrongly imprisoned, and dismissing rumors that he planned to fire or target his political opponents. “I’m looking to appoint an attorney general who’s going to be tough on crime and fair. Very simple.”

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The lion’s den?!

“Every fiber of our union is being poured into fighting the billionaire class and an economy that enriches people like Donald Trump at the expense of workers..”

Trump to Skip Second GOP Debate, Address Detroit Auto Workers Instead (Sp.)

Former US President Donald Trump is reportedly set to address current and former members of the United Auto Workers (UAW) union in Detroit instead of participating in the upcoming Republican primary debate.An insider with the Trump reelection campaign relayed to US media that the former commander-in-chief is looking to speak with a crowd of current and former union members, as well as blue-collar workers in the plumbing and electrical industries. However, early reports of the speaking event have not been warmly accepted by the UAW union, whose president issued a statement noting Trump is part of the problem the agency is trying to combat. “Every fiber of our union is being poured into fighting the billionaire class and an economy that enriches people like Donald Trump at the expense of workers,” UAW President Shawn Fain said told US media.

“We can’t keep electing billionaires and millionaires that don’t have any understanding what it is like to live paycheck to paycheck and struggle to get by and expecting them to solve the problems of the working class.” Last week, some 13,000 workers from the auto industry initiated strikes following a call by the UAW. The strikes affected the so-called “Big Three” automakers in the United States – Ford, General Motors and Stellantis. The strikes commenced after negotiations failed to secure wage increases for workers by the deadline set for late Thursday night. Should Trump deliver on the speaking event, it would mark the second occasion in which he has decided to sidestep a Republican debate. The first instance took place in August and saw Trump participate in a pre-recorded interview with former Fox News host Tucker Carlson that was released as the initial debate came underway. The second GOP debate is scheduled to take place on September 27 at the Reagan Library in California.

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“..the Biden camp argued that the indictment was politically motivated and “unconstitutional.”

Hunter Biden Sues IRS for ‘Violating His Privacy’ (Sp.)

Hunter Biden was indicted on September 14 on three charges related to his alleged false statements to purchase a firearm. The First Son faces up to 25 years in prison if convicted. Hunter Biden’s legal team filed a lawsuit against the US Internal Revenue Service (IRS) on Monday. The suit alleges that the privacy of the president’s son was violated by the two whistleblowers who went before Congress to testify against him. It adds that agents “targeted and sought to embarrass” the First Son. The filing, according to media reports, names IRS Agents Gary Shapley and Joseph Ziegler, accusing them of having “mishandled” certain aspects of the investigation into Hunter Biden. According to the lawsuit, the IRS “willfully, knowingly, and/or by gross negligence, unlawfully disclosed Mr. Biden’s confidential tax information.”

But that is not all. The younger Biden is seeking $1,000 in damages for “each and every unauthorized disclosure of his tax returns.” A US federal court released a three-count indictment against the president’s son, Hunter Biden, on September 14. Two of the charges are related to the fact that Hunter Biden lied about not using illegal drugs when completing a gun purchase form for a Colt Cobra revolver. The third charge relates to the actual possession of a weapon while using narcotics. He faces up to 25 years in prison if convicted on the charges, according to court documents. According to the state prosecutors’ line of inquiry, the crimes were committed by the US president’s son in October 2018. In response, the Biden camp argued that the indictment was politically motivated and “unconstitutional.” The indictment came just weeks after an earlier plea agreement on tax and gun charges tied to Hunter fell apart in July after the presiding judge raised concerns about the terms of the deal.

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”The obvious value in not claiming income is to avoid taxes. However, claiming income also highlights not just the receipt of these funds but their sources..”

The Surgical Charging of Hunter Biden Ignores a Pattern of Concealment (Turley)

Thus far, the Justice Department has surgically avoided charges that would implicate the president. This may simply be a coincidence, and correlation does not constitute causation. However, the other charges (including those that the Justice Department effectively killed by slow-walking its investigation) have an obvious potential connection: They all worked to help conceal the influence-peddling operation. None of this means that this unifying theory is true, but it cannot be ignored by anyone investigating this corruption scandal. First, there are the tax violations. While Hunter may be charged with some tax violations, the statute of limitations has now run out on the most controversial payments in the 2014 and 2015 period for foreign sources such as Ukraine’s Burisma.

The obvious value in not claiming income is to avoid taxes. However, claiming income also highlights not just the receipt of these funds but their sources. Likewise, falsely claiming income as a “loan” can keep the money off the books or make it less likely to trigger scrutiny on the source and purpose of payments. Second, there are the money transfers. The House has now detailed millions in transfers to Biden family members from a dizzyingly array of dozens of companies and accounts. The use of a complex labyrinth raises obvious concerns that it is a tactic used by individuals to conceal money transfers. Third, many of us have noted that there seems ample basis for charging Hunter Biden under the Foreign Agents Registration Act, particularly given previous charges against such defendants as Trump campaign chair Paul Manafort.

Registering as a foreign agent obviously invites much greater scrutiny over foreign dealings and the specific nations involved in lobbying efforts. Again Hunter could still eventually face charges for avoiding taxes. But there is little evidence that the Justice Department has actively pursued these broader implications or motivations. For many, the marginalization of these charges raises troubling concerns, particularly in light of the failed sweetheart deal and the allegations from the whistleblower. Even if the tax charges are brought, the framing of the investigation has been on the income rather than the influence sought in these dealings.

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“..under a presumption that the rights that apply to every other American citizen do not apply to Mr. Biden..”

Hunter Biden Claims Whistleblowers Tried To ‘Target’ And ‘Embarrass’ Him (ZH)

Fresh off his felony indictment for gun charges, Hunter Biden is suing the IRS, alleging that agents have “targeted and sought to embarrass” him. Yes, the same Hunter who tried to deduct hookers from his tax return. And the same IRS that let him ‘call in’ for interviews (so he never did), and abruptly swapped out the team investigating him in May – leading to several whistleblowers coming forward to allege not just slow-walking the case, but a coverup involving (obviously) preferential treatment. So, on Monday morning, with Hunter in congressional crosshairs, Hunter’s lawyers filed a lawsuit Monday morning which cites two major examples in IRS whistleblowers Gary Shapley and Joseph Ziegler, who claimed that the agency mishandled aspects of the Biden investigation.

Biden’s lawyers allege that the IRS “willfully, knowingly, and/or by gross negligence, unlawfully disclosed Mr. Biden’s confidential tax information,” and have demanded $1,000 in damages for “each and every unauthorized disclosure of his tax returns,” Fox News reports. “Biden is the son of the President of the United States. He has all the same responsibilities as any other American citizen, and the IRS can and should make certain that he abides by those responsibilities,” reads the filing. “Similarly, Mr. Biden has no fewer or lesser rights than any other American citizen, and no government agency or government agent has free rein to violate his rights simply because of who he is.” “Yet the IRS and its agents have conducted themselves under a presumption that the rights that apply to every other American citizen do not apply to Mr. Biden,” the filing continues.

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How much longer can the EU exist?

European Elite’s Dream Of Power Crumbles (RMX)

For a long time, the major capitals of Western Europe dreamed their beautiful dream about how the EU, as a power, would become an increasingly important actor in building security policy after the end of the Cold War. In this dream, Great Britain was supposed to be the European anchor in transatlantic relations with America. Somewhere at the turn of the first and second decade of the 21st century, French President Nicolas Sarkozy and German Chancellor Angela Merkel established a key division of labor between themselves. According to this, Paris was responsible for the security of the Mediterranean basin and West Africa, while Germany, due to its relations with Russia, was supposed to “take care” of the security of Eastern Europe and the Black Sea basin. However, recent years have shown the complete failure of these plans. One by one, elements of the beautiful dream of power fell apart.

Brexit ejected Great Britain from the orbit of European integration. With Russia’s invasion of Ukraine, Germany’s Eastern policy collapsed. The disastrous intervention in Libya, followed by subsequent military coups in Mali, Burkina Faso, and Niger, as well as the entrenchment of Russian mercenaries from the Wagner Group there, clearly indicate that French leadership in European security policy toward Africa has ended in complete disaster for the time being. One might think that all these events would be enough for the European elite to realize the need to abandon dreams and return to reality. However, the only reaction to the geopolitical crisis in Europe is the proposal to establish majority decisions in the area of the EU’s foreign and security policy, which de facto means accepting the dominance of Paris and Berlin.

The current situation, however, requires a fundamental change in Europe’s thinking and action. Some time ago, there was an idea circulating to create a European Security Council by EU countries. Perhaps it is worth returning to it, provided it would establish a mechanism based on the real military resources of states and their competencies in the field of international policy. The current way of thinking about Europe’s security policy is still, unfortunately, some kind of mirage growing out of the old imperial and colonial ambitions of powers. It ignores the growing potential of Central and Eastern European countries, mainly Poland, but also the Baltic and Scandinavian states. Above all, however, it has proven to be completely ineffective.

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“..after Kiev announced that it would sue the three nations for banning the import of Ukrainian produce..”

Hungary, Poland and Slovakia Pull Out Of EU Grain Platform (RT)

Hungary, Poland, and Slovakia are withdrawing from an EU platform coordinating Ukrainian grain imports after Kiev announced that it would sue the three nations for banning the import of Ukrainian produce, Polish media reported on Monday. The Ukrainian government announced on Monday that it would bring a case against the three countries at the World Trade Organization (WTO), after they announced unilateral bans on the import of Ukrainian seeds and grains. Earlier this summer, the EU allowed five Eastern European nations to block the import of these products for domestic sale, but refused to reauthorize the ban on Friday. As a result, Hungary, Poland, and Slovakia imposed bans of their own.

Citing an anonymous source in Brussels, Poland’s PAP news agency said that these countries would withdraw from the EU platform that coordinated the first ban. The decision was made “out of caution and the fact that Ukraine could use information provided within the framework of the coordination platform against these three countries during WTO proceedings,” the source said. Officials in Budapest, Warsaw, and Bratislava argue that Ukrainian agricultural imports undercut domestic prices and threaten the livelihoods of local farmers. Speaking to Politico on Monday, Ukrainian trade representative Taras Kachka dismissed these concerns, arguing that “prices are global.”

Bulgaria and Romania have not imposed unilateral bans. In response, Bulgarian farmers staged a nationwide protest on Monday, causing blockades at dozens of highways and border crossings. In Bucharest, Romanian Prime Minister Marcel Ciolacu said that he would consider a ban if Ukrainian produce began to flow into the country. The EU has condemned the unilateral bans, as has Ukrainian President Vladimir Zelensky. The decision by Brussels not to extend the ban “is an example of true unity and trust between Ukraine and the EU. Europe always wins when the rules work and the treaties are fulfilled,” he said on Friday.

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” Western nations should create their own “agreed formula for … the vision of Ukraine’s victory” and also “enshrine military assistance to Ukraine in … legislation..”

Kiev Demands West Take Measures To Combat ‘War Fatigue’ (RT)

Ukraine faces the threat of its “carefully woven web of foreign assistance” being slowly unraveled due to waning optimism and growing disappointment among its Western backers, the head of the National Security and Defense Council, Aleksey Danilov, wrote in an opinion piece published on Saturday in the newspaper Ukrainskaya Pravda. The security chief accused “reputable and influential” Western media outlets of publishing materials suggesting Ukraine’s much-hyped summer counteroffensive is failing, Kiev’s troops are unable to take back territory from Russia, and Moscow’s resources are “limitless.” These sentiments slow down the Western military assistance to Kiev and stand in the way of Ukraine’s “peace formula,”Danilov added. He stated that the only solution to the conflict between Moscow and Kiev, which has been going on for more than a year and a half, is a military solution.

“The peace formula is the weapons formula,” he said in the article. Danilov urged the West to combat its own growing skepticism about Ukraine’s prospects in the conflict. Western nations should create their own “agreed formula for … the vision of Ukraine’s victory” and also “enshrine military assistance to Ukraine in … legislation,” he said, adding that election cycles might affect “the stability of the partnership” between Ukraine and the West. The US and its allies should also “develop and implement a set of measures to neutralize so-called ‘war fatigue,’” Danilov maintained. He also admitted that “a sprint” – i.e. a short conflict – had been “replaced by a long run.” His words came more than three months into the Ukrainian counteroffensive, which has so far failed to bring about any meaningful changes to the front lines but has seen Kiev’s troops suffer heavy losses in attempts to penetrate Russian defenses.

Numerous Western media outlets have reported on the growing skepticism among Western officials about the prospects for the operation. The New York Times reported in August that US and UK officials were “perplexed” by Kiev’s tactics, while the Wall Street Journal said Washington would reduce military aid to Ukraine in 2024. Moscow has repeatedly expressed its willingness to engage in peace talks as long as its interests are taken into account and the “reality on the ground” is respected. However, Ukrainian President Vladimir Zelensky has imposed a legal prohibition on all discussions with Russia. He also insisted on his own “peace formula” – the one Danilov was referring to – which includes the withdrawal of Russian troops from all territories claimed by Kiev, reparations from Moscow, and a criminal tribunal for the members of Russian government.

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“The Clinton Foundation has been illegally raising money, in theory, for HIV/AIDS projects in Ukraine since 2004, without seeking or obtaining approval for these efforts, as is required in advance..”

Clintons Look to Cash in on ‘Aid’ for Ukraine (Sp.)

The Clinton Global Initiative (CGI) has announced plans to launch a “Ukraine Action Network,” ostensibly to facilitate the delivery of humanitarian aid to Ukrainians amid the West’s ongoing proxy war against Russia in the troubled Eastern European country. The campaign, set to be formally unveiled Tuesday at the CGI’s annual conference in New York, is said to be the outcome of a collaborative effort between former First Lady and Secretary of State Hillary Clinton and current First Lady of Ukraine Olena Zelenskaya that began a year ago. The Ukraine Action Network is expected to help “mobilize existing CGI partners, as well as new leaders from around the world, to create and finance new commitments for Ukrainians.” The details of the program, including which “Ukrainians” specifically are expected to benefit, have yet to be elaborated.

The Clintons shut down the CGI component of their Clinton Foundation non-profit in 2017, firing dozens of employees and shuttering the CGI’s New York office after donations by businesses and foreign nations dried up following Mrs. Clinton’s surprise loss in the 2016 presidential election. The Clintons revived the CGI in 2022, with thousands of donors and hundreds of partnering organizations announcing the launch of over 140 different projects at last year’s conference. In a letter to attendees of the upcoming Tuesday gathering, the foundation indicated that the 2023 meeting would “hear from those who are tackling some of today’s most pressing issues, including climate change, health inequities, food insecurity, economic inequality, threats to democracy around the world, and record-breaking refugee displacement.”

Officials, business leaders, and celebrities expected to attend include Bill Clinton, Biden Treasury Secretary Janet Yellen, California Governor Gavin Newsom, former Obama and Biden Press Secretary Jen Psaki, Pope Francis, NBA Hall-of-Famer Dwayne Wade, Google President Ruth Porat, former British Prime Minister Tony Blair and others. Charles Ortel, a Wall Street analyst who has been investigating the Clintons’ charity-related activities for about eight years, told Sputnik last month that the foundation’s plans to incorporate Ukraine into its agenda may be a sign that they’re hoping to cash in on some of the potentially vast package of reconstruction support for Kiev by Western countries. “The Clinton Foundation has been illegally raising money, in theory, for HIV/AIDS projects in Ukraine since 2004, without seeking or obtaining approval for these efforts, as is required in advance, from numerous domestic and foreign government authorities. No outsider actually knows exactly what they have been doing for nearly 20 years in that ransacked remnant of a country,” Ortel said.

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“The war is good, very good for the oil tanker companies which can run the gauntlet of the Americans”, says a Greek source. The international shipping media are fearful of reporting this publicly..”

US Sanctions War Is Good For Russian Shipping, Greeks Too (Helmer)

The US-led sanctions war against Russian fossil fuel exports, especially oil, has been the best thing to have happened to Sovcomflot, Russia’s leading shipping company and operator of the world’s largest oil and gas tanker fleets. Revenues are up, earnings and profits are multiplying; Sovcomflot has never had so much cash in the bank; its debt is down to the lowest level in more than twenty years – and none of it is in American or European bank hands. Released on August 28 and expressed in discreet language, the new company financial report says: “Revenues from tanker business segments (transportation of crude oil and petroleum products) are supported by favourable market conditions against the background of increased demand for tanker tonnage, taking into account the changing geography of international trade in oil and petroleum products.

Despite the presence of a seasonal reduction in freight rates in the summer, the company believes that the market fundamentals, including the limited growth of the global tanker fleet due to the small number of orders for the construction of new vessels, suggests a high probability of stability in the medium term of freight rates at a level above the historically average.” “Favourable market conditions” is Sovcomflot’s phrase for the US and NATO sanctions, first imposed on Sovcomflot’s financing and payment operations in February 2022, and escalated this year in EU and UK sanctions targeting Dubai and Hong Kong fleet management companies. The reference to “changing geography” means what shipping experts and analysts from London to Oslo, Piraeus to Singapore acknowledge privately:

“The war is good, very good for the oil tanker companies which can run the gauntlet of the Americans”, says a Greek source. The international shipping media are fearful of reporting this publicly. London-based shipping publications like Lloyds List, sold by the London-listed Informa group to the Montagu investor group, are not reporting what their industry sources agree is happening. “Some people tend to close doors behind them”, a veteran maritime news reporter coyly describes the news blackout. Seatrade, another Informa outlet, is restricting its reporting to NATO tracking of sanctions busting.

US maritime media like GCaptain (California) and Marine Money (Connecticut) refuse to respond to questions about their news blackout. Equally quiet, although for different reasons, are the Indian, Chinese and Singaporean shipping press. Sovcomflot is now confidently predicting the worldwide split between the Russian and US- NATO fleets will continue for the foreseeable future. “Despite the presence of a seasonal reduction in freight rates in the summer, the company believes that the fundamental market fundamentals, including the limited growth of the global tanker fleet due to the small number of orders for the construction of new vessels, suggests a high probability of stability in the medium term of freight rates at a level above the historically average.”

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“The newly expanded BRICS, after all, is now a Commodity Powerhouse. So, who now controls inflation in the U.S.: A trapped Fed, or the new commodity king?”

The BRICS Commodity Powerhouse: Can It Force a New Economic ‘Order’? (Crooke)

Although many in the West think everything ‘is fine’ – that the U.S. Fed likely will bring inflation under control, and soon will be cutting interest rates. Yet oil prices are up 37% and rising. This has been the case since the price bottomed out a few months ago. “People forget oil prices fell almost 50% from their peak, and that fall ended in May of this year. And that big decline in oil prices was the major factor in bringing headline inflation [down] from 9% to 3%”. Energy is a major cost input that needs to be passed on to consumers. And so is interest on debt, which increases as interest rate rises cut across the economic spectrum. Everybody is waiting for the Fed to cut rates, because the only way for the U.S. government, American consumers, and businesses to manage their present debt (on which they loaded-up – at zero rates) is if interest rates drop.

People may understand this, but they just assume that it’s not going to be an issue because, of course, the Fed ‘is going to cut rates’. It is very unlikely however, that the western authorities will be able to get rates down again to zero. Selling further oil from the U.S. Strategic Reserve just isn’t going to happen: At this point, the U.S. economy can only run for 20 days on its current oil reserves. And the Fed is not going to be able to launch much of another round of money-printing, should the economy drop into recession. The Fed may try to rescue the economy in this way, though when inflation is the problem, it is not possible to solve an inflation problem by creating more inflation. Inflation (and interest rates), after a short lag, would again rise.

The point is that much of the ruling strata still do not ‘get it’: the decades-long experience of near-zero inflation that the West has experienced has imprinted itself on the collective mindset – but that world of effortless money-making was an aberration, not a norm. Plainly put, the West now is somehow trapped in various diverse financial ways, such as fiscal exhaustion (i.e. U.S. deficit spending has reached 8.5% of GDP). Whilst true, that many in the West do not understand that the zero-inflation era was an aberration, caused by factors that no longer pertain – for sure, the aberration is well understood in Beijing and Moscow. Liam Halligan notes similarly that oil prices are up almost a third over the last three months: “It’s a hugely significant increase that could seriously aggravate the cost of living crisis. Yet the surge seems to have barely been noticed by much of our political and media class”.

Crude markets began to tighten earlier this summer after the Opec exporters’ cartel agreed to withhold oil supplies in a bid to raise prices, and Halligan tartly observes: “Anyone who downplays the power of Opec knows nothing about worldwide energy markets and even less about geopolitics”. Is it happenstance that a quiet financial war, triggered by the drip-drip of de-dollarisation and higher energy costs, might finally give BRICS the leverage to coerce a change of policy in the West? And should western reluctance to re-structure persist, might the BRICS leadership ratchet higher? The newly expanded BRICS, after all, is now a Commodity Powerhouse. So, who now controls inflation in the U.S.: A trapped Fed, or the new commodity king?

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“The US can’t win the geopolitical chess game anymore without trying to change the conditions of the test or the rules, or by cheating..”

Biden Wants to Salvage US Hegemony by Reforming UN Security Council (Sp.)

US President Joe Biden will urge the UN to expand the Security Council to water down Russia and China’s influence in the body, the Western press says. Could Biden succeed? Joe Biden “will take a look at the architecture of the Security Council,” US National Security Council spokesman John Kirby announced ahead of the UN General Assembly meeting. Still, the British media assumes that the US president will advocate adding new members to the United Nations Security Council in order to weaken Russia and China’s role. Reportedly, Biden wants to add India, Brazil, Germany, South Africa, and Japan to the international body. Currently, the Security Council has 15 members: five of them are “permanent” (P5) and enjoy veto powers (Russia, China, France, the UK, and the US); and 10 are “non-permanent,” with five of them being elected each year by the General Assembly for a two-year term.

“It is empty posturing, because Biden knows that the UNSC can only be expanded by an amendment to the Charter, and any of the P5 can veto it,” Professor Alfred de Zayas, former UN independent expert on international order and author of 10 books, including The Human Rights Industry and Building a Just World Order, told Sputnik. “One can surmise that Biden is joining the ‘bandwagon’ of many countries and academics who are similarly asking for expansion. Perhaps Biden’s noises will be well received in Africa, Asia, and Latin America, where the prestige of the US has been in decline, and the US could score points at low cost,” the former UN independent expert continued.

Biden is by no means an innovator: at the 15th BRICS Summit, which convened in August in Johannesburg, the core nations of the group (Brazil, Russia, India, China, and South Africa) stated in their final declaration that they are in favor of reforming the UN Security Council and expanding developing countries’ representation. The BRICS declaration named Brazil, India, and South Africa as potential new members of the UNSC. Thus, the US president de facto wants to add two of Washington’s ardent allies to the list – Germany and Japan. The two weren’t added to the original composition of the UNSC (which was formed immediately after the Second World War) since they were the two major WW2 aggressors. In addition, Team Biden seemingly wants to curry favors with major powers of the Global South in an apparent bid to drag them to Washington’s side.

“Since [the West’s] desperate efforts to expel Russia, a permanent member, from the principal organ of the UN have failed thus far, they are trying a different tactic of overhauling the P5 to salvage Western decline and one that only further demonstrates how disconnected the foreign policy establishment is from reality. The US can’t win the geopolitical chess game anymore without trying to change the conditions of the test or the rules, or by cheating,” Max Parry, a US independent journalist and geopolitical analyst, told Sputnik. According to Parry, “the reasons surrounding the timing of this attempt to propose changes could not be more clear, with Washington striking out virtually everywhere in proxy theaters of conflict and spheres of influence.”

“US hegemony is shrinking with more and more countries throughout the global south shifting away from the West toward Moscow and Beijing’s camps and the Ukraine proxy war has been yet another foreign policy disaster that has geostrategically backfired,” the journalist said.

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Bowie America

 

 

Water ant
https://twitter.com/i/status/1703836863847366841

 

 

Starling
https://twitter.com/i/status/1703840569716269160

 

 

Platypus

 

 

Wait for it

 

 

Fairy tale

 

 

 

 

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

 

 

 

 

 

Aug 282023
 
 August 28, 2023  Posted by at 9:15 am Finance Tagged with: , , , , , , , , , ,  47 Responses »


Gustave Dore Dante and Virgil among the late penitents 1868

 

Tucker Carlson: The People Who Run America Are “Dangerous And Insane” (Sp.)
NATO’s Strategy on Ukraine Failed – Former Italian PM Conte (Sp.)
Zelensky Aide Confirms ‘Secret’ Meetings With NATO Brass (Sp.)
Realistically, How Strong Is America? (Paul Craig Roberts)
Trump: The Leader of a Faction or a Party? (McCotter)
Yes, Trump was Seeking Another Recount or Investigation in Georgia (Turley)
Trump Mugshot Proves Fundraiser Miracle – Politico (RT)
BRICS Nations Just Want What Is Theirs (Ullekh NP)
‘Welcome to the BRICS 11’ (Pepe Escobar)
Gold Will Destroy The Keynesian Fallacies (Barron)
Do Clintons Seek to Steal Thunder From Team Biden & Cash in on Ukraine? (Sp.)
Hundreds of US Airline Pilots Suspected of Being Unfit to Fly (Sp.)

 

 

 

 

Levin

 

 

 

 

 

 

 

 

Vivek

 

 


Abraham Lincoln looking out over the March on Washington – 60 years ago this weekend.

 

 

 

 

Good speech. Makes Tucker 2028 feel closer.

BTW: why did the US make a gay human rights lawyer ambassador to Hungary? To provoke perhaps?

Tucker Carlson: The People Who Run America Are “Dangerous And Insane” (Sp.)

Tucker Carlson did not mince words as he ripped into US Ambassador to Hungary David Pressman during an event in Budapest, calling the diplomat a “creep” that needs to be fired for actions “so far from the norms of diplomacy.” The former Fox News host said he felt compelled to apologize for how Washington was “harassing” the country led by the government of Prime Minister Viktor Orban. “The world is realigning at high speed, and turning against the United States. But the Biden Administration is spending its time harassing one of our last sincere allies in Europe, Hungary, for the crime of being too Christian,” said Carlson at the Mathias Corvinus Collegium (MCC) Feszt After event at Millenáris Park in Budapest. Hungary has been tightening laws targeting LGBT propaganda under Viktor Orban, who has been in power since 2010.

At present, same-sex couples are legally barred from adopting children, and gender change is also prohibited by law. David Pressman, America’s ambassador to Hungary, is a gay human rights lawyer who took up the position in September 2022. The California-born former aide to then-US Secretary of State Madeleine Albright has frequently mounted open criticism of the Hungarian government, under Prime Minister Viktor Orban. Earlier this year Foreign Minister Peter Szijjarto lashed out at Pressman, saying that he had no business interfering in Hungary’s domestic affairs. During his speech in Budapest, Tucker Carlson made the emphatic argument that Pressman, a “political activist and Biden-donor,” was working on behalf of “special interests”, rather than the American people,” and not focusing on building stronger relations with Budapest.

“For a creep like David Pressman . . . to show up in your country and lecture you about your culture – and threaten you because you do things differently from the way they do things where he lives – hurts the United States and is a grave embarrassment to me as an American and an outrage to me as someone who pays his salary… It’s disgusting,” said Carlson. The entire premise behind “diplomacy” is that countries are different, said Carlson, himself the son of a diplomat. Accordingly, an envoy should not “hector other nations,” or “show up in somebody else’s country and scream at them because they’re different from you.” The political pundit added, in referense to David Pressman, that he was “embarrassed that I share a country of birth with a man, with a villain like this. It’s horrifying.”

According to Carlson, every time he visited Hungary, it reminded him of America back in 1980s, or as he remembered it from his early youth. However, critics in the West were trying to paint Hungary as a “rogue” state for adhering to its own strong Christian values and refusing to allow foreign envoys to tell telling Hungarians how to live. As Carlson accused Washington of demanding that Hungarians “worship transvestites,” and denounced this as as a case of a “foreign power pushing its weird boutique religion on you, and it’s wrong,” he presumed to give Hungarians some advice: “Just wait it out. The United States is in a place now where this is not sustainable. You can’t run a global empire on the imposition of boutique sexual politics on countries that don’t want them.”

Weighing in on the current policy of the United States, Tucker Carlson claimed that the people who run his country are “dangerous and Insane”. “They hate Hungary, and they hate it not because of what it’s done but because of what it is. It’s a Christian country, and they hate that. That is enough to incite our policymakers in the United States. That’s exactly why they hate Russia, by the way.” “People running the United States are no longer even pretending to offer a better life to the people who love there,” stated Carlson. As for the media landscape, there is no “diversity.” And why is this the case? “Because they are lying to you,” said Carlson, adding: “Anyone who doesn’t lie is punished and pushed off the stage.”

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“..the Ukraine conflict has “exposed the European Union’s inability to develop an effective common strategy..”

Because the EU has no leadership. People like Ursula and Borrell are not leaders.

NATO’s Strategy on Ukraine Failed – Former Italian PM Conte (Sp.)

“The strategy pursued so far in NATO, based on constant military supplies to Ukraine and the escalation logic, has not resulted in the desired military defeat of Russia. Quite the opposite. There was no defeat of the Russian army in Bakhmut [Artemovsk], no disintegration of its military units, no retreat during the Ukrainian counteroffensive,” Conte said on social media on Saturday. The economic sanctions imposed on Russia “did not lead to its bankruptcy and did not undermine its economy,” he added, noting that the possibility of internal destabilization in Russia had collapsed “in the face of [Russian President Vladimir] Putin’s strengthening leadership and growing domestic consensus,” and that Western policies had not led to Russia’s isolation.

“The isolation of Russia has by no means become a reality. On the contrary. The 15th summit of the BRICS group, led by Russia and China, has just wrapped up, with the concrete prospect of its further expansion in 2024, which will cover 45% of the world’s population and 38.2% of global GDP,” Conte said. In his opinion, the Ukraine conflict has “exposed the European Union’s inability to develop an effective common strategy and to exercise independent political and economic leadership,” he noted, adding that, in his opinion, the European leaders were subordinate to the United States. Russia launched its military operation in Ukraine on February 24, 2022 in response to calls by the republics of Donetsk and Lugansk for protection from Ukrainian troops. Since then, the EU imposed 11 packages of sanctions against Russia, and have been supplying Ukraine with arms.

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“..calling the crisis a proxy war “denies Ukraine agency.”

Zelensky Aide Confirms ‘Secret’ Meetings With NATO Brass (Sp.)

Russian Foreign Minister Sergey Lavrov first characterized the Ukrainian crisis as a NATO “proxy war” against Russia in April 2022. The US and its allies vocally rejected the characterization. But a series of Pentagon leaks, combined with statements made by Ukrainian officials themselves, have served to confirm the validity of Lavrov’s assessment. Ukrainian President Volodymyr Zelensky’s top advisor has confirmed that a “secret meeting” recently took place between Ukrainian Armed Forces Commander-in-Chief Valerii Zaluzhnyi, other Ukrainian generals, and NATO top brass on the Polish-Ukrainian border. “There are a lot of meetings like that,” presidential aide Mykhailo Podolyak said in an interview with Ukrainian television on Saturday. “Actually, Zaluzhnyi actively communicates with representatives of the ministries of defense and general staffs of our partners almost every day.”

“The General Staff is constantly making adjustments, depending on what is happening on the front line,” Podolyak added. “Obviously, these adjustments are always being discussed with our partners in order to actualize the deliveries” of additional weapons, including long-range missiles, armored vehicles, and air defense systems. The Zelensky aide also revealed that the NATO defense officials Zaluzhnyi most often communicates with are the Americans and the British, since “they know and understand better than others what is happening at the front.” Podolyak’s remarks confirm recent reports in US and UK media that the Ukrainian top commander and other Ukrainian top brass had met with Pentagon Joint Chiefs Chairman Mark Milley, NATO Supreme Allied Commander Europe Christopher Cavoli, and British Chief of Defense Staff Tony Radakin to push for a change in strategy in Ukraine’s faltering counteroffensive.

Zaluzhnyi was said to have verbally agreed with the “advice” of his NATO counterparts. The Biden administration, the US’ European allies, and Western media have adamantly refused to call the Ukraine conflict a “proxy war” between NATO and Russia, claiming the West’s only role is to “support the Ukrainian people as they defend their country,” and that calling the crisis a proxy war “denies Ukraine agency.” However, the extent of NATO support, including nearly $100 billion in military equipment, intelligence, and other aid, combined with the April 2022 US/UK move to sabotage Russian-Ukrainian peace talks, Pentagon Chief Lloyd Austin’s admission that Washington’s goal in Ukraine was to “weaken” Russia, and NATO’s longstanding efforts to incorporate Kiev into the Western military bloc, suggest otherwise.

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“..the United States might be the least safe place on earth for white people, even less safe than South Africa and Zimbabwe..”

Realistically, How Strong Is America? (Paul Craig Roberts)

America’s weakness is overlooked by investment analysts. Having offshored manufacturing, the US is import-dependent, and having weaponized the dollar Washington is causing foreign central banks to stop holding dollars as reserves. The consequence is that the US has a rising issuance of debt to finance trade and budget deficits, but a declining supply of customers for that debt. Either the Federal Reserve has to monetize the debt or interest rates will rise. Note also that it appears there will be in about 4 months a large expansion of BRICS. Argentina, Egypt, Iran, Saudi Arabia, and the United Arab Emirates have been invited to join. I assume the Russians have the diplomatic sense not to invite someone unless they know they will accept. Otherwise, Russia will have set herself up for the Western media headline, “Country X refuses Russia’s invitation.”

In a slap down of Washington signifying the termination of the petrodollar, Saudi Foreign Minister Prince Faisal bin Farhan said, “the special, strategic relations with the BRICS nations promotes common principles, most importantly the firm belief in the principle of respect for sovereignty, independence and non-interference in internal affairs.” BRICS expansion will make the two largest South American countries members, and with the Saudis, Iranians, and UAE almost the entirety of Middle East oil goes into the Russian organization, which with Russia’s oil is essentially the world’s oil supply, and Egypt sits on the Suez Canal. China and India, the largest part of Asia, are already members. This suggests to me that the US dollar is headed for trouble and will need interest rate support.

If the dollar loses exchange value, the cost of imports will drive US inflation considerably higher. The worst inflations are always caused by currency decline. Gold investments make a lot of sense for Americans assuming that the criminals in Washington who are ruling us don’t confiscate them. Keep in mind also that the indictments of Trump are completely phony. If white-hating black Democrat prosecutors and white-hating black Democrat juries convict Trump of these phony charges, political upheaval could result. If the Americans simply accept the false conviction of an American president, they will fall into tyranny and no asset will be safe. The real American situation could be very different from what Wall Street thinks.

Dollar problems could make the US an unsafe investment climate, and if we take account of the extreme efforts of the Biden regime, American universities, public school boards, and Woke media and corporations, such as Disney, BlackRock, Starbucks, and Budweiser, to demonize white Americans and infuse white American children with racial guilt, the United States might be the least safe place on earth for white people, even less safe than South Africa and Zimbabwe. Indeed, it seems some American cities already are. It is not only that white confidence and white lives are at risk. So are Americans’ civil liberty. American law schools are in the hands of Woke ideologues who want “to reclaim America from constitutionalism.” Law schools such as Harvard and Yale teach that the US Constitution is undemocratic and racist and should be abandoned. Under the Woke regime the law schools and New York Times intend to impose, only the Woke and “official victims” would have rights. None of this reality is part of Wall Street’s world or stock and bond market valuations.

https://twitter.com/i/status/1696046348494311769

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No, Trump will not vow to endorse Asa Hutchinson or Chris Christie. It’s about credibility.

Trump: The Leader of a Faction or a Party? (McCotter)

[..] former president Donald Trump has declined to sign the Republican National Committee’s colloquially termed “Beat Biden pledge.” The pledge would commit Mr. Trump to endorse the ultimate GOP 2024 presidential nominee. Signing the pledge also is required to participate in the GOP’s presidential debates. This is likely not a factor in Mr. Trump’s decision, as he has announced he will eschew the first debate. What, then, are some factors in Mr. Trump’s thinking? Per the New York Post: “I wouldn’t sign the pledge. Why would I sign a pledge? There are people on there that I wouldn’t have. I wouldn’t have certain people as, you know, somebody that I’d endorse,” Trump, 77, told Newsmax host Eric Bolling during an interview. “I can name three or four people that I wouldn’t support for president. So right there, there’s a problem,” Trump said of the Republican National Committee’s loyalty pledge requirement.

Presently, Mr. Trump holds a significant lead over his GOP rivals for the presidential nomination. If his lead holds and Mr. Trump wins the GOP nomination, his signing the “Beat Biden pledge” would put his opponents on the defensive. It would make it harder, though not impossible, for them to renege on their pledged support for Mr. Trump in the general election campaign. So, why did he not sign? Again, the RNC requires Mr. Trump’s GOP rivals to commit to endorsing the 2024 nominee to participate in the debates. Consequently, if Mr. Trump’s wins, everyone on the stage in Milwaukee has already committed to supporting him. Declining to be in the debate, Mr. Trump has no need to sign the pledge for that purpose. In fact, in expressing his refusal to sign the pledge, he has another opportunity to trash his GOP rivals as being unworthy of the debate. (And, in refraining from naming the “three or four” rivals he would not support, he casts all his rival under suspicion).

One would think this is political deftness. One would be mistaken. While Mr. Trump has a lead in a primary election – a segment of a segment of the overall electorate – he is in deep trouble in a general election. Again, per the New York Post, an AP-NORC Center survey found that 53% of Americans say they will “definitely not” vote for Mr. Trump, and 11% more say they “probably will not” vote for Mr. Trump. In sum, then, Mr. Trump should be leveraging his large primary lead not to denigrate and humiliate his GOP rivals, but rather to unite the Republican Party behind his candidacy. This is a point not lost upon the more politically savvy of his supporters. “There isn’t a real Republican Primary as President Trump continues to dominate the GOP primary in both national polls and early-state polls,” Republican House Conference Chair, Elise Stefanik (R-N.Y.), told Breitbart News. “All patriots should and must rally behind President Trump’s campaign to Save America and defeat the corrupt Deep State.”

True, to a point. While Mr. Trump has a large lead over each of his individual GOP opponents, the combined opposition to him is around 40%. As his rivals drop out, their voters are unlikely to go to Mr. Trump. Instead, they will go to other candidates until one challenger is left standing. This would be Mr. Trump’s nightmare scenario: one GOP rival left, who has garnered all the anti-Trump party support; and, should Mr. Biden not be the Democrat nominee, all bets could be off for Mr. Trump. Obviously, Mr. Trump wants to avoid this scenario. Further, as do all candidates, he wants to sew up the primary as soon as possible to stanch the loss of precious campaign resources in a drawn out primary. Nonetheless, presently the GOP is far from united behind Mr. Trump; and there is little to suggest this is going to change any time soon.

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And that’s not illegal.

Yes, Trump was Seeking Another Recount or Investigation in Georgia (Turley)

First, a brief reminder of what “the call” is. This was not some back-room, smoke-filled political wheel-and-deal call. It was similar to a settlement discussion between largely antagonistic figures and their opposing teams. State officials and the Trump team were seeing if they could resolve their differences without further litigation. The Trump team wanted a new statewide recount. Trump had lost the state by less than 12,000 votes and was making the case that he could still show that he had won the state. He stated, “I just want to find 11,780 votes, which is one more than we have because we won the state.” If you are going to argue for another recount or continued investigation, the obvious argument is that it would not take statistically many votes to make a difference.

I have long disagreed with Trump over his claim of systemic voting fraud. I criticized Trump’s Jan. 6 speech while he was giving it. I supported Vice President Mike Pence and his certification of the election of Joe Biden. I have also regularly criticized Trump when I felt that such criticism was warranted. This does not change my view of whether the call is compelling evidence of a crime. When the Washington Post first reported this call, I posted a critical tweet based on its initial, erroneous account that Trump had ordered Georgia officials to just “find” the needed votes. I noted that such a demand would be breathtaking and further noted that, even if they did so, it would not stop Biden from winning the presidency. But a few hours later, the actual transcript of the call was released, showing a strikingly different context for the “find” comment than the Post had reported.

Trump was clearly referring to his objective in finding votes and the threshold he needed to meet. That is a predictable argument for a candidate in pushing for a continued investigation. The Post also ran a misleading story on a separate, related call that left the same false impression. By the initial account, Trump had supposedly told investigator Frances Watson to “find the fraud” and promised that she would be “a national hero.” In fact, Trump had stated that, if the officials did a neutral investigation, “you’re going to find things” including “dishonesty.” The Post had to issue a correction at the top of this second story after the Wall Street Journal found a recording of the call. “The recording revealed that The Post misquoted Trump’s comments on the call, based on information provided by a source,” the paper acknowledged.

Phillip Bump’s recent Washington Post column continues to cite the paper’s original, skewed account of that call in order to criticize my commentary on it. Yet even in doing so, Bump inadvertently demonstrates the danger of using this call to prosecute Trump. As a threshold matter, Bump suggests (and many have repeated) that Trump was not seeking another recount because the recount had already occurred and Trump never uses the word “recount” in the first call. The argument shows the lack of good faith in the criticism. Obviously, Trump was seeking another recount or investigation. We all know that Georgia completed the recount. I wrote about it at the time and considered that recount to end reasonable doubts over the election. Trump, however, was making the case for another investigation or recount. That was the subject of the call. He wanted the state to take another look. That is further born out in the second call when he again asks them to take another look.

Trump’s demand is as simple and obvious as it was wrong. He wanted to maintain a challenge to the election in the courts and in Congress. Just a couple days after the election, I wrote a column predicted this strategy based on what the Democrats had done in prior years. I called it the Death Star strategy. To make it work, Trump needed to find evidence of fraud and delay or undermine state certifications. A new recount or continued investigation would achieve that purpose.

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“..make a contribution to evict Crooked Joe Biden from the White House and SAVE AMERICA during this dark chapter in our nation’s history.”

Trump Mugshot Proves Fundraiser Miracle – Politico (RT)

Donald Trump’s recent mugshot, which has already become iconic among his supporters, has also helped his campaign raise a record-breaking sum, according to Politico. The Republican frontrunner faces a plethora of charges and turned himself in at the Fulton County jail in Atlanta, Georgia, on Thursday. On Saturday, the outlet reported that the former president had raised some $7.1 million since he had the photo taken by authorities. Politico quoted an anonymous source as saying that Trump’s campaign raked in $4.18 million on Friday alone – its single-highest 24-hour take to date. Shortly after the Fulton County’s Sheriff’s Office released the mugshot, the former president’s son, Donald Trump Jr., announced that he had launched a line of merchandise bearing the image and the tagline “NEVER SURRENDER!”.

In a post on X (formerly Twitter), he said that all proceeds from the sale of T-shirts, mugs, and posters would go to the Legal Defense Fund “to fight the tyranny & insanity we’re seeing before us.” On Thursday night, the Republican frontrunner posted a tweet of his own on X – his first since 2021 – directing supporters to his website. Its landing page features the mugshot and asks visitors to “make a contribution to evict Crooked Joe Biden from the White House and SAVE AMERICA during this dark chapter in our nation’s history.” After being booked on multiple charges relating to his alleged attempts to overturn the result of the 2020 presidential election, he was then released on a $200,000 bond. Trump is the first former or sitting US president to have a police mugshot taken of himself.

Earlier this month, Fulton district attorney Fani Willis unsealed a 41-count indictment against the former president and 18 of his associates. Trump stands accused of violating Georgia’s organized crime laws, as well as conspiracy to interfere in an election, perjury, soliciting a public official to violate their oath, and other offenses. This is the fourth criminal indictment the 45th US president has faced since the start of the year. Federal prosecutors have already slapped him with dozens of felony counts, alleging he plotted to interfere in the 2020 elections, mishandled classified documents after leaving the White House in 2021, and paid hush money to porn actress Stormy Daniels during his 2016 election campaign. Trump has repeatedly denied any wrongdoing and described the charges as a politically motivated witch hunt designed to prevent him from running for president in 2024.

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“By Ullekh NP, a writer, journalist, and political commentator based in New Delhi. He is the executive editor of the newsweekly Open and author of three nonfiction books: War Room: The People, Tactics and Technology Behind Narendra Modi’s 2014 Win; The Untold Vajpayee: Politician and Paradox; and Kannur: Inside India’s Bloodiest Revenge Politics.”

BRICS Nations Just Want What Is Theirs (Ullekh NP)

The BRICS nations, which had either rung out old monarchies or liberated themselves from colonial oppression, had long craved decolonization, but the US and its allies used every pretext to delay this overdue process. In the meantime, there were efforts such as the Non-Aligned Movement (NAM) that demonstrated the passion of multiple countries to break out of the clutches of American-centric global institutions, especially financial institutions, which had become instruments zealously used by the US and certain former colonial powers to control the resources of other countries. Any bid to question the hegemony of these global power structures was considered blasphemy, and the Western mainstream media promptly denounced any alternatives to the economic order of the day as non-starters or damp squib.

At the same time, they kept silent on the aspirations of the countries that had fought colonial and expansionist powers tooth and nail in the first half of the century to rewrite world history. The inclusion of six new members to BRICS at the recently concluded Johannesburg summit attracted international attention, but the highlight of the discourse so far has been pessimism about the grouping’s potential success. True, BRICS, or BRICS+ now thanks to its expansion, has not outlined alternative institutions it is planning to build. Neither is it an ideologically aligned entity like the G7. Nor has this grouping, which has been meeting annually on a rotational basis under the chairmanship of its member countries since 2014, chalked out any common aims in foreign policy – in fact, they do not have much in common except that they are aggrieved at being unfairly treated by the West and its satellite institutions since the end of World War II.

What BRICS has is a bank it created in 2015 called the New Development Bank (NDB), formerly known as the BRICS Development Bank, with the aim of “mobilizing resources for infrastructure and sustainable development projects in emerging markets and developing countries.” But it is still at an early stage. So, what else does it have, Western commentators ask, some terming the summit “semi-farcical” and “meaningless.” It’s simple. These countries don’t want to be denied certain advantages that they are entitled to in the age of globalization. The times they are a-changin’, as Bob Dylan sang. The commentariat who see trade alone as the focus of BRICS+ must look at the political fragmentation taking place in the world where each country – from Asia to Latin America to Africa – is standing up to protect its own interests instead of remaining loyally aligned to blocs, no questions asked.

[..] … even the most neocon commentators who are silent on the splits within G7 cannot deny that the best days of the US economy are over and that the world order is shifting eastward. At this moment, there will always be desperate measures on the part of the existing hegemon to fight back inevitable change, perhaps through confrontation or through cooperation. Many economists hope that the countries in the Global South, those long denigrated, will have a greater reason than now to stick together. It is in that context that BRICS+ acquires a halo.

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Pepe reworks an earlier article. The Cradle adds graphs. Check the difference in debt.

‘Welcome to the BRICS 11’ (Pepe Escobar)

The road leading to BRICS 11, during the two days of discussions in Johannesburg, was hard and bumpy, as admitted by Russian President Vladimir Putin himself. The final result turned out to be a prodigy of trans-continental inclusion. West Asia was aggregated in full force. The Arab world has three full members, as much as Africa. And Brazil strategically lobbied to incorporate troubled Argentina. The global GDP-purchasing power parity (PPP) of BRICS 11, as it stands, is now 36 percent (already larger than the G7), and the institution now encompasses 47 percent of the world’s population. Even more than a geopolitical and geoeconomic breakthrough, BRICS 11 really breaks the bank on the energy front. By signing up Tehran, Riyadh and Abu Dhabi, BRICS 11 instantly becomes an oil and gas powerhouse, controlling 39 percent of global oil exports, 45.9 percent of proven reserves and 47.6 percent of all oil produced globally, according to InfoTEK. A direct BRICS 11-OPEC+ symbiosis is inevitable (under Russia-Saudi Arabia leadership), not to mention OPEC itself.

Translation: The collective west may soon lose its power to control global oil prices, and subsequently, the means to enforce its unilateral sanctions. A Saudi Arabia directly aligned with Russia-China-India-Iran offers a stunning counterpoint to the US-engineered oil crisis in the early 1970s, when Riyadh started wallowing in petrodollars. That represents the next stage of the Russian-initiated and Chinese-finalized rapprochement between Riyadh and Tehran, recently sealed in Beijing. And that’s exactly what the Russia-China strategic leadership always had in mind. This particular diplomatic masterstroke is rife with meaningful details: BRICS 11 enters the fray on the exact same day, January 1, 2024, when Russia assumes the annual presidency of BRICS.

Putin announced that the BRICS 11 summit next year will take place in Kazan, the capital city of Russia’s Tatarstan, which will be yet another blow to the west’s irrational, isolation-and-sanctions policies. Next January, expect further integration of the Global South/Global Majority/Global Globe, including even more radical decisions, conducted by the sanctioned-to-oblivion Russian economy – now, incidentally, the 5th largest in the world by a PPP of over $5 trillion. The G7, for all practical purposes, has now entered an Intensive Care Unit. The G20 may be next. The new “Global Globe” G20 may be the BRICS 11 – and later on the BRICS 20 or even BRICS 40. By then, the petrodollar will also be on life support in the ICU.

[..] Putin went so far as to publicly call on all BRICS 11 to abandon the US dollar and expand trade settlements in national currencies – stressing that BRICS “oppose hegemonies of any kind” and “the exceptional status that some countries aspire to,” not to mention “a policy of continued neo-colonialism.” Importantly, as much as the Chinese Belt and Road Initiative (BRI) is celebrating its 10th anniversary next month, Putin drove home the necessity to: “…establish a permanent BRICS transport commission, which would deal not only with the North-South project [referring to the INTSC transportation corridor, whose key BRICS members are Russia, Iran and India], but also on a broader scale with the development of logistics and transport corridors, interregional and global.”

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The BRICS must use gold.

Gold Will Destroy The Keynesian Fallacies (Barron)

Introducing gold into the trading system will expose the main fallacy of Keynesian economics; i.e., the elevation of aggregate demand to prominence in a nation’s economy rather than production. Keynes shunned Say’s Law of Markets in his General Theory of Employment, Interest and Money in order to hide his theory’s internal contradictions. As put succinctly by Emile Woolf, “Keynes endows the concept of ‘aggregate demand’ with god-like status while disregarding ‘production’-the only means of satisfying it.” Jean-Baptiste Say shows that production is required in order to enjoy the benefits of consumption.

On the face of it, it is hard to believe that anyone would believe that production either isn’t required for consumption or that it magically appears. Yet, this rather upside down theory appealed to politicians for obvious reasons; i.e., it gave them carte blanche to spend, all with money created out of thin air by the central bank. Rather than economize and prioritize spending that was absolutely necessary for the benefit of the entire nation, politicians were told by Keynes that it was their duty to spend if only to pay people to dig holes and others to fill them up.

The new international trade settlement system will require settlement in gold. A possible mechanism has been outlined by Alasdair Macleod of Goldmoney.com. The benefits of the new system will become obvious to every nation, not just the current BRICS members. The political benefits are that no one nation can control or manipulate the system for its unearned benefit. The economic benefits are that government spending will be minimized so that resources can be allocated to production rather than state aggrandizement. A member can expand imports only by expanding exports. This puts market pressure on member governments to reform their internal economies in order to increase production. To artificially increasing demand, per Keynesian orthodoxy, would be counterproductive, because gold would drain from the nation’s gold settlement account and imports would be suspended.

Therefore, the system encourages sound economic practices within its members’ individual economies. Printing money, excessive and unnecessary regulations, excessive taxation, and excessive government spending do nothing to aid a member’s ability to engage in trade. Nations like the US who have huge welfare obligations and who have politically connected industries that do not add to the nation’s capital base will struggle. Having lots of nuclear weapons will be irrelevant and having bases around the world will be liabilities rather than assets. An important point made by Macleod is that over time the gold settlement system for international trade will expand into members’ internal monetary systems. In other words, fiat currencies, which can be inflated/debased by governments, will be thrown on the ash heap of history. They will become “barbarous relics” instead of gold, as Keynes predicted in 1924.

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Haiti 2.0 or the White House?

Do Clintons Seek to Steal Thunder From Team Biden & Cash in on Ukraine? (Sp.)

The Clinton Global Initiative (CGI) gathering scheduled for September is expected to bring together corporate leaders, Hollywood stars, and other celebrities with the aim to “address climate change, health care issues, gender-based violence, the war in Ukraine and a host of other issues.” The timing of the Clintons’ September gathering hints at two probabilities: first, they are showcasing their talents just as Democrats need to find viable candidates to replace Biden; second, they may be salivating over a potentially mammoth rebuilding package in Ukraine, as Wall Street analyst Charles Ortel told Sputnik. What is the Clinton Global Initiative? In March 2022, the Clintons revived the CGI, which has long been suspected of being a vehicle for “pay-to-play” schemes by Bill and Hillary Clinton and personal enrichment of the political dynasty.

“For decades, the elder Clintons have not been able to resist milking purported charities for personal and political gain. A vivid example – ‘Clinton Global Initiative’ – was born in 2004 just around the time the Little Rock Presidential Center was opened to the public,” Ortel, who has been investigating the Clintons’ charities for around eight years, told Sputnik. “The initial concept of having a grand, closed to the public, confab in New York, around the time of the UN Annual Meeting was actually inspired in principle, but grievously flawed in practice. Gathering globalists around world leaders and glitterati might have given rise to great philanthropy, had the Clintons and their advisors bothered to follow the laws and regulations in New York state and city pertaining to charities and to soliciting donations, but the parent Clinton Foundation and CGI thumbed their noses at these strict rules.”

In his articles and interviews with various media outlets, Ortel has repeatedly drawn attention to obvious discrepancies in founding documents and financial records of the Clinton Foundation and its numerous offshoots. Per the Wall Street analyst, the Clintons were not just cutting corners: these errors and omissions could hint at nothing short of fraud and influence peddling by the famous political dynasty. Remarkably, two forensic investigators-turned-whistleblowers, John Moynihan and Larry Doyle, who have been carrying out their own inquiry into the Clinton Foundation in parallel with Ortel, came to similar conclusions. On December 13, 2018, Doyle and Moynihan testified before the House Oversight and Government Reform Committee, suggesting that the Clinton Foundation owes the US government between $400 million and $2.5 billion in taxes.

According to the forensic investigators, the charity does not operate as a tax-exempt 501(c)(3) organization, but acts as a foreign agent. As such, the foundation should have registered under FARA (Foreign Agents Registration Act), which it never did. Both Ortel and the Clinton Foundation whistleblowers Doyle and Moynihan suspect the Clintons of engaging in a pay-to-play game with foreign governments and tycoons, something which the Biden family has also been accused of by GOP congressional investigators. “When you check public filings in New York state, you will see that neither the parent nor CGI bothered to register using legal or ‘doing business as’ names by 2005, validly explaining the tax-exempt purposes or results of CGI,” said Ortel. “Yet, tens of millions of dollars were raised for CGI for meetings in 2005 through 2008, including one in Hong Kong in 2008, just after Barack Obama’s selection of Hillary Clinton to serve as Secretary of State.

[..] “Then, in 2009, Bill Clinton and his advisors allowed a false and materially misleading application for tax exemption to be filed with the IRS for ‘Clinton Global Initiative, Inc.’ Unlike filings by conservatives before Lois Lerner’s IRS Department, the CGI filing, utterly false as it was, sailed through with swift approval,” the Wall Street analyst continued. Ortel highlighted that during Hillary’s tenure as secretary of state and through the 2015/2016 election cycle, “CGI went from strength to strength.” However, when Hillary lost the presidential race, support for CGI and for the parent and affiliates dried up, the analyst noted. “Now, with Biden stumbling and in deep trouble for much smaller pay to play schemes, the Clintons seem to be showcasing their talents just as Democrats need to find viable candidates to replace Biden and his inept Vice President [Kamala Harris],” said Ortel.

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Even before mentioning vaccine injuries.

Hundreds of US Airline Pilots Suspected of Being Unfit to Fly (Sp.)

About 600 US pilots licensed to operate passenger flights are under investigation for lying about their medical records, US press reported Sunday, citing officials and internal records. The Federal Aviation Administration (FAA) has been looking into 4,800 former military veterans turned airline and commercial pilots who might have submitted “incorrect or false information” as part of their medical applications, FAA spokesman Matthew Lehner admitted in a comment to the daily. The pilots were red-flagged after investigators at the Department of Veterans Affairs cross-checked federal databases to discover aviators who were receiving veteran benefits for mental health disorders and other serious conditions, while hiding their true medical history from the FAA in order to continue flying.

While the FAA relies on screening to identify safety risks, the tests are often cursory and pilots are expected to self-report conditions that can otherwise be difficult to detect, such as depression or post-traumatic stress, The Washington Post cited physicians who conduct the exams as saying. Officials told the newspaper they suspected many of the pilots under investigation of being either too sick to fly or defrauding taxpayers by exaggerating their disabilities to claim bigger benefits. The FAA disbursed $3.6 million starting last year to run additional tests on thousands of pilots deemed “potential risks.”

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Goat
https://twitter.com/i/status/1695535072990855614

 

 

Ringtone
https://twitter.com/i/status/1695896301873856835

 

 

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