Sep 212023
 
 September 21, 2023  Posted by at 9:07 am Finance Tagged with: , , , , , , , , ,  58 Responses »


Willem de Kooning Gotham News 1955

 

The Question About Biden (Patrick Lawrence)
Jim Jordan: The Fix Is In (Kanekoa)
Feds Thwarted Probe Into ‘Criminal Violations’ In 2020 Biden Campaign (JTN)
Poland Announces It Will No Longer Arm Ukraine (ZH)
McCarthy Refuses To Guarantee $24 Billion For Zelensky (RT)
The ‘Kitchen Sink’ Is McCarthy’s Only Path To Avoid Shutdown (ZH)
Rand Paul To Hold Up Any Spending Stopgap That Includes Ukraine Funding (Hill)
Trump Silent On Peace Plan As Ukrainians Die – Zelensky (RT)
With Gonzalo Lira In Ukraine Prison, Billions More For Ukrainian ‘Freedom’ (BB)
Russian Announces Full Ceasefire Agreement For Nagorno-Karabakh (TASS)
Jacinda Ardern Calls on the United Nations to Crack Down on Free Speech
Putin Never Insults People: Peskov In Response To Biden (TASS)
DHS Is Grooming Americans to Report on Each Other (Whitehead)
The Bull Missed The Red Flag In The Russian Provincial Elections (Helmer)
MEP Delivers Damning Message to the Global Tyrants (VN)

 

 

 

 

She’s the best
https://twitter.com/i/status/1704320986135290064

 

 

 

 

Nap Larry Johnson

 

 

Nap Ritter

 

 

 

 

Watters

 

 

 

 

Dystopia

 

 

Democracy is a pathetic belief in the collective wisdom of individual ignorance.

– H. L. Mencken

 

 

 

 

“Biden and his minders are not going to fight the impeachment process in committee rooms and courts because they cannot win on the evidentiary merits. They are going to fight this by mounting a propaganda op..”

The Question About Biden (Patrick Lawrence)

A friend and colleague wrote in an unusually sage commentary a couple of years ago that Ukraine would prove “NATO’s Waterloo.” He called the brewing conflict there “a debacle-in-waiting.” This was two months before the U.S. provoked the Russian intervention in February 2022. Now that is prescience. Ukraine, indeed, has revealed NATO somewhat in the way of the old pun: No action, talk only. As Scott Ritter argued in a recent speech, it now appears the alliance is incapable of waging war in Ukraine or anywhere else in Europe. But let’s set NATO’s surprising weakness aside for now and consider who, as the Ukrainian sinkhole widens and deepens, is tumbling fastest into it.

Here I offer a confession: I take pleasure, not at all perverse, in watching Joesph R. Biden, Jr. and those around him panic as the bill comes due for all those years of conniving with Ukrainian crooks and as the unforgivable folly of the war he started is now everywhere understood, even among those who continue in public to pretend otherwise. It is not yet possible to discern just how our burbling president will go down, but go down he will. Of this we can now be certain. The time of comeuppance is near. My question as of last week is this: Is the Biden regime’s whatever-it-takes, as- long-as-it-takes commitment to the war tied to his escalating vulnerability to charges of corruption dating to his years as Barack Obama’s vice-president, when he carried the Ukraine portfolio? Does Biden have a personal interest in prolonging this war, to put this question another way?

It took the House of Representatives nearly a year, but last Tuesday Kevin McCarthy, the U.S. House speaker, directed the chamber to open an impeachment inquiry into Biden’s evidently extravagant grifting and influence peddling in Ukraine and elsewhere. It is hard to believe the Democrats’ response to this development. The Democratic machine and its clerks in the press pretended for years there was nothing to allegations that Biden and his son Hunter were on the take from a Ukrainian oligarch, as well as various other business people in China, Russia and Central Asia. They have more recently pretended there is no credible evidence of misconduct, even as investigators sent piles of it to the House Oversight Committee.

And now they pretend the imminent inquiry is so hollow and silly it is not worth bothering about. John Fetterman, the Democratic senator from Pennsylvania, struck the new pose as soon as McCarthy announced the inquiry: “Oh, my God, really? Oh, my gosh, it’s devastating,” Fetterman mocked. “Oooh, don’t do it. Please don’t do it.” You are now on notice, readers: Biden and his minders are not going to fight the impeachment process in committee rooms and courts because they cannot win on the evidentiary merits. They are going to fight this by mounting a propaganda op that is daring even for the party that concocted and then sustained the Russiagate hoax for five years. Here is Peter Baker, The New York Times’s chief White House correspondent, last Thursday:

“Forget the weighty legal arguments over the meaning of high crimes and misdemeanors or the constitutional history of the removal process. Mr. Biden’s defense team has chosen to take on the Republican threat by convincing Americans that it is nothing more than rank partisanship driven by the radical wing of the opposition party.” The oafish Baker then elaborates the strategy: “The White House and its allies have gone on the offensive, dismissing the allegations against the president as baseless and debunked, attacking the investigators for distorting the evidence, issuing fund-raising appeals to financial supporters and pressuring the news media to frame the conflict on Mr. Biden’s terms.”

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X “thread”.

Jim Jordan: The Fix Is In (Kanekoa)

@Jim_Jordan: “The fix is in, even with a face-saving indictment last week of Hunter Biden, everyone knows the fix is in. For four and a half years, the Department of Justice has been investigating Mr. Biden. An investigation run by David Weiss that limited the number of witnesses agents could interview. An investigation that prohibited agents from referring to the President as the “Big Guy” in interviews. An investigation that curtailed attempts to interview Mr. Biden by giving his transition team a heads up. An investigation that notified Mr. Biden’s defense counsel about a pending search warrant. An investigation run by Mr. Weiss where they told Congress three different stories in 33 days.

They told this Committee on June 7, David Weiss said I have ultimate authority to determine when, where, and whether to bring charges. 23 days later, on June 30, he told this committee; actually, I can only bring charges in the District of Delaware. And then, to further confuse matters on July 10, he told Senator Graham, I have not sought Special Counsel status… An investigation run by Mr. Weiss that negotiated a plea deal that the Federal District Court declined to accept. A plea deal so ridiculous that the judge asked, “Is there any precedent for agreeing not to prosecute crimes that have nothing to do with the charges being diverted?” The DOJ lawyer responded, “I’m not aware of any, your Honor.”

A plea deal so ridiculous that the judge also asked, “Have you ever seen a diversion agreement where the agreement not to prosecute was so broad that it encompasses crimes in a different case?” The response from the DOJ lawyer? “No, Your Honor.” We have an investigation run by Mr. Weiss that not only had a sweetheart deal rejected, but according to The New York Times, there was an even sweeter earlier deal with Mr. Biden where he would not have to plead guilty to anything. Four and a half years and all that. And now we get a Special Counsel, and who does the Attorney General pick? David Weiss, the guy who let this all happen.” [“The one guy he knows will protect Joe Biden.”]

——-

The American administrative state is eliminating its primary opponent from a presidential race. At the same time, they run cover for the Biden family’s unregistered foreign lobbying, money laundering, and bribery operation that collected millions of dollars from Russian, Chinese, and Ukrainian oligarchs.

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“..you had this individual come in and cover Hunter Biden’s tax liability,” he added. “That’s kind of interesting. And then, was in fact that a contribution to Mr. Biden’s campaign when he ran for president?”

Feds Thwarted Probe Into ‘Criminal Violations’ In 2020 Biden Campaign (JTN)

The FBI and IRS probed allegations that Joe Biden’s 2020 presidential campaign may have benefitted from “campaign finance criminal violations” by allowing a politically connected lawyer to help pay off Hunter Biden’s large tax debts but agents were blocked by federal prosecutors from further action, according to new information uncovered by congressional investigators. The previously unreported campaign finance inquiry was first alluded to in transcribed interviews by House investigators with two IRS agents and a retired FBI supervisor, and the allegations since have been augmented in recent weeks by new evidence uncovered by the House Ways and Means Committee, the House Judiciary Committee and the House Oversight Committee.

That evidence includes a case summary memo written by IRS Supervisory Criminal Investigative Agent Gary Shapley to his bosses dated May 3, 2021 in which he alleged that Lesley Wolf, a top prosecutor in the Hunter Biden case inside Delaware U.S. Attorney David Weiss’ office, waived agents off the campaign finance case. Shapley provided the information to Congress under the protections of whistleblower laws, and lawmakers voted the information to be public “This investigation has been hampered and slowed by claims of potential election meddling,” Shapley wrote in the memo, according to his now-public transcribed interview with House Ways and Means where he read verbatim a passage from the memo. “Through interviews and review of evidence obtained, it appears there may be campaign finance criminal violations.

“AUSA Wolf stated on the last prosecution team meeting that she did not want any of the agents to look into the allegation,” Shapley’s memo stated, according to his interview. “She cited a need to focus on the 2014 tax year, that we could not yet prove an allegation beyond a reasonable doubt, and that she does not want to include their Public Integrity Unit because they would take authority away from her. We do not agree with her obstruction on this matter.” House Judiciary Committee Chairman Jim Jordan, R-Ohio, told Just the News on Tuesday evening that the campaign finance inquiry is a newer matter under investigation by his committee but it fits a pattern of other investigative avenues ranging from search warrants to interviews that were inexplicably turned down by prosecutors in the Hunter Biden case.

“We’re just getting into this issue and the concerns,” Jordan [said]. “But it wouldn’t surprise me if they were told to stand down because remember this investigation over a five-year timeframe was slow-walked.” “This is something that I think is a concern, because, you know, you had this individual come in and cover Hunter Biden’s tax liability,” he added. “That’s kind of interesting. And then, was in fact that a contribution to Mr. Biden’s campaign when he ran for president?”

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US next?

Poland Announces It Will No Longer Arm Ukraine (ZH)

The dam is breaking on unified Western support for Ukraine, and the timing couldn’t be worse for Zelensky, given tomorrow he’s expected to meet with President Biden at the White House. On Wednesday evening there is monumental news out of Poland which could potentially change the entire course of the war. “Poland will no longer arm Ukraine to focus on its own defense,” Polish prime minister Mateusz Morawiecki announced just hours after Warsaw summoned Ukraine’s ambassador related to a fresh war of words and spat over blocked grain, according to the AFP. Warsaw has throughout more than a year-and-a-half of the Ukraine-Russia war been Kiev’s staunchest and most outspoken supporter. Will this massive and hugely significant about-face mark the beginning of the end? Are peace negotiations and ceding of territory in the Donbas inevitable at this point?

Within the last 48 hours relations between Poland and Ukraine quickly spiraled to their lowest point since the Russian invasion, and it is directly related to Warsaw leading a handful of EU countries to extend a grain export ban on Ukraine, amid continuing anger and outrage from Polish farmers who are suffering due to their country being flooded with cheap Ukrainian wheat. Crucially, Poland will hold parliamentary elections on Oct.15. The prior atmosphere of enthusiastic pro-Kiev rhetoric has drastically changed, now with comparisons likening Ukraine to a “drowning man”. As The Associated Press explains:

“Polish leaders have compared Ukraine to a drowning person hurting his helper and threatened to expand a ban on food products from the war-torn country. Meanwhile, Ukrainian President Volodymyr Zelenskyy suggested that EU allies that are prohibiting imports of his nation’s grain are helping Russia. Now, Polish officials, who are trying to win parliamentary elections next month with help from farmers’ votes, are expressing dismay over some of Ukraine’s latest moves, including a World Trade Organization complaint over bans on Ukrainian grain from Poland and two other EU countries.” In surprisingly blunt and terse words given to reporters on the sidelines of the UN General Assembly, Polish President Andrzej Duda said on Tuesday: “Ukraine is behaving like a drowning person clinging to anything available.”

He then said, “A drowning person is extremely dangerous, capable of pulling you down to the depths & simply drown the rescuer.” Given Ukraine’s battlefield losses and as it’s currently bogged down in a failing counteroffensive, the words no doubt stung. But as The Hill notes further of the domestic political context in Poland: Public sentiment around the issue, however, has started to deteriorate, putting the ruling party in a difficult position ahead of a close October election. The far-right Confederation party is hoping to capitalize on the waning support in the country. Reuters reported that a recent poll showed support for Ukrainian refugees fell from 91 percent when the war started to just 69 percent recently. The same survey showed a quarter of Poles are against supporting refugees, compared to 4 percent in early 2022.

In response to the grain ban, Zelensky during his UN speech had condemned the “alarming” behavior of allies regarding the import ban, but without naming Poland specifically. Further, Kiev has announced plans to sue Warsaw in the World Trade Organization while also holding out the possibility of its own embargo on Polish foodstuffs, including onions, tomatoes, cabbage, and apples. Again, all of this amounts to a full-blown diplomatic crisis for Zelensky which couldn’t come at a worse time, as he’s in D.C.

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“..Any money we give to Ukraine, we’re borrowing from our future.” “It’s not a good time for [Zelensky] to be here, quite frankly..”

McCarthy Refuses To Guarantee $24 Billion For Zelensky (RT)

US House Speaker Kevin McCarthy has refused to commit another $24 billion to Ukraine, telling reporters that he “has questions” for Ukrainian President Vladimir Zelensky first. With American military aid to Kiev dried up, disagreement on authorizing another funding package threatens to grind Washington to a halt. Zelensky is due to meet with lawmakers on Capitol Hill during a visit to Washington on Thursday. Ahead of the meeting, McCarthy was asked on Tuesday whether he would pledge $24 billion in military and economic aid to the Ukrainian president, as US President Joe Biden has requested. “Is Zelensky elected to Congress?”McCarthy responded. “Is he our president? I don’t think I have to commit anything and I think I have questions for him.”

“Where’s the accountability on the money we’ve already spent?” the Republican leader continued. “What is the plan for victory? I think that’s what the American public wants to know.” In the US Senate, the top Republican and Democrat leaders – Mitch McConnell and Chuck Schumer – want the $24 billion attached to a wider funding bill that must be passed before the end of the month to keep the government running. McCarthy wants any money for Ukraine to be discussed as a standalone bill, while a small group of hardline conservatives in the House want the broad funding bill replaced with individual bills for individual government agencies. This group, dubbed the ‘Freedom Caucus’, backed McCarthy’s speakership last year in exchange for the right to remove him from the position.

Most members of the ‘Freedom Caucus’ are politically aligned with former President Donald Trump, and oppose further US aid to Ukraine. “There’s no money in the House right now for Ukraine. It’s not there,” Rep. Byron Donalds told The Recount on Tuesday. “To be blunt, we’re running a $2 trillion deficit. Any money we give to Ukraine, we’re borrowing from our future.” “It’s not a good time for [Zelensky] to be here, quite frankly,” Donalds added. The US has allocated a total of $113 billion in aid to Ukraine since Russia launched its military operation last February, including more than $43 billion worth of arms, ammunition, and other military equipment.

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“..the bill will then head to the Senate, where they’ll undoubtedly strip out key Republican demands, and send a revised bill back to McCarthy that will likely contain billions of dollars for Ukraine..”

The ‘Kitchen Sink’ Is McCarthy’s Only Path To Avoid Shutdown (ZH)

With a shutdown looming in just over a week, House Speaker Kevin McCarthy (R-CA) has backed himself into a corner. On Tuesday, House Republicans were forced to cancel a procedural vote for a 30-day stopgap funding measure (Continuing Resolution) to keep the government’s lights on beyond Sept. 30. Hours later, five GOP lawmakers crossed the aisle to vote with Democrats to bring down the rule for the Pentagon’s spending bill. As Punchbowl News puts it: “Tuesday was a bad day for McCarthy and House Republicans.” The problem for Kevin is that he needs votes from members of the Freedom Caucus, who are demanding that the CR be spliced up so that it doesn’t fund ‘the election interference of Jack Smith,’ according to Rep. Matt Gaetz (R-FL).

Gaetz also wants McCarthy to sign a subpoena to better investigation Hunter Biden’s alleged “high crimes and misdemeanors,” – with the Florida rep going so far as to draft said subpoena for McCarthy to sign. McCarthy can also throw a Hail Mary and pander to Democrats for the votes he needs to pass the CR, however doing so would likely seal his fate over a looming threat by Gaetz and others to remove him from his post. The former Politico journalists at Punchbowl News – who have an uncanny read on inside baseball on the Hill, say that McCarthy’s only solution here is to cave to the Freedom Caucus (which might still screw him!) with a “kitchen sink” approach of acquiescing to all of their demands. McCarthy needs to take all of the conservatives’ demands and lump them together into one 30-day funding bill. Ignore how far-fetched or illogical these proposals are and accept what they represent — a means to an end. -Punchbowl News

Freedom Caucus member Ralph Norman (R-SC) told the outlet that he’d vote for the CR if McCarthy will commit to a $1.47 trillion discretionary spending cap, and a schedule for the 11 remaining FY2024 appropriations bills during the 30 days to which the CR applies. But the pain isn’t over for McCarthy – even if he bends the knee and Freedom Caucus members agree to pass it, the bill will then head to the Senate, where they’ll undoubtedly strip out key Republican demands, and send a revised bill back to McCarthy that will likely contain billions of dollars for Ukraine. McCarthy will then need to sell the CR back to House Republicans, who will either need to accept the reality of a divided government to avert a shutdown, or not. Oh, and the Freedom Caucus might still dick him…

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“..I will not consent to expedited passage of any spending measure that provides any more U.S. aid to Ukraine..”

Rand Paul To Hold Up Any Spending Stopgap That Includes Ukraine Funding (Hill)

Conservative Sen. Rand Paul (R-Ky.) announced Wednesday he will hold up any funding bill to keep the government open past Sept. 30 if it includes funding for the war in Ukraine. Today I’m putting congressional leadership & @POTUS on notice that I will oppose any effort to hold the federal government hostage for Ukraine funding. I will not consent to expedited passage of any spending measure that provides any more U.S. aid to Ukraine,” Paul wrote on X, the social media platform formerly known as Twitter. That means if Senate Majority Leader Chuck Schumer (D-N.Y.) wants to add Ukraine money to a stopgap measure to fund federal departments and agencies, he would have to go through the time-consuming process of filing cloture and scheduling a vote to end debate on the bill, which would take a few days.

The country risks a shutdown if Congress doesn’t pass what’s known as a continuing resolution (CR) to keep the government open past Sept. 30. The problem Schumer faces is that Speaker Kevin McCarthy (R-Calif.) hasn’t been able to muster up enough votes in the House to pass a CR and send it to the Senate. The impasse in the House is holding up action in the Senate, giving Paul leverage to threaten Ukraine funding. President Biden has requested $24 billion in security and humanitarian aid for Ukraine. Senators are scheduled to receive a classified briefing on Ukraine at 5 p.m. Wednesday ahead of a meeting with Ukrainian President Volodymyr Zelensky scheduled for 10 a.m. Thursday in the Old Senate Chamber. Schumer on Tuesday declined to say whether he would add Ukraine funding and disaster assistance to the continuing resolution but observed the package would need support from Democrats and Republicans.

“We’d like to work on a bipartisan basis on the CR with the Republicans. We’ve gotten indications that they want to do that. We’ve done it very successfully on the appropriations process and hopefully we can come together bipartisan here as well,” he said. Schumer criticized House Republicans on Tuesday for reaching a deal on a continuing resolution that didn’t include Ukraine or disaster relief money. The Democratic leader could attempt to pass the continuing resolution through the Senate first by using a legislative vehicle passed earlier this year in the House, but he hasn’t made a decision on that yet. “Our first job is to get the House to pass something. We’ll see if they can but we need a bipartisan bill in each body,” Schumer said.

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You’re sending them out to die, not Trump.

Trump Silent On Peace Plan As Ukrainians Die – Zelensky (RT)

If former US President Donald Trump actually believes that his claimed plan to resolve the Ukraine crisis in 24 hours is feasible, he should present it to the world rather than let hostilities continue at the cost of Ukrainian lives, President Vladimir Zelensky has said. Trump has repeatedly claimed that he would be able to swiftly resolve the conflict by striking a “fair deal.” He has said that his approach would involve pressuring both Russia and Ukraine into making concessions. Zelensky was asked about the idea by CNN’s Wolf Blitzer during an interview on Tuesday. “If he has this plan, why be afraid and wait?” he asked in Ukrainian, before switching to English. “If he has some smart idea, he could share it with us.”

“He can publicly share his idea now, not waste time, not to lose people, and say: ‘My formula is to stop the war and stop all this tragedy and stop Russian aggression’,” the Ukrainian president continued. Zelensky made clear that he would reject any Trump plan involving territorial concessions by Ukraine or one that would not end with Russian troops ousted from “our land.” “Otherwise, he is not presenting the global idea of peace. So [if] the idea is how to take the part of our territory and to give it to Putin, that is not the peace formula.” Zelensky suggested that Trump himself may not be the person who formulated his plan. He urged the US as a country to contemplate what it would “give to Putin from your territories” in exchange for Russia not using nuclear weapons.

Moscow considers the conflict in Ukraine to be part of a Western proxy war against Russia. In his public speeches, the Russian president has stated that his government would not hesitate to use all the weapons in its arsenal, in accordance with the nation’s military doctrine. Under the document, the nuclear option is reserved for contingencies where the existence of Russia is at stake. Putin has said he considers the risks posed by the Ukraine conflict are nowhere near that threshold. Zelensky arrived in the US on Monday to participate in the UN General Assembly and meet senior US officials. He seeks to convince them to maintain the flow of military aid to his country and provide more advanced weapons from the Pentagon’s stockpiles.

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What is Biden doing to free him?

With Gonzalo Lira In Ukraine Prison, Billions More For Ukrainian ‘Freedom’ (BB)

The Biden administration is asking Congress to approve another $24 billion for Ukraine for now through the end of this year, which would add to the $113 billion that Congress has committed to the country since its war with Russia began in February of last year. President Biden on Tuesday at the United Nations argued that investment in Ukraine was an investment in “the future of every country that seeks a world governed by basic rules.” However, the administration has been much less vocal about Ukraine potentially violating the rights of an American journalist who is currently detained in Ukraine for his reporting; and in a speech at the U.N. almost entirely devoted to Ukraine, the status of Gonzalo Lira was not mentioned once by Biden.

Lira, a dual citizen of the United States and Chile who was living in the Ukrainian city of Kharkiv at the time of the Russian invasion, is reportedly facing between five to eight years in prison under Ukraine’s wartime propaganda laws. The American citizen journalist was initially arrested in May of this year on suspicion of producing pro-Russian propaganda on his YouTube channel, where he questioned the narratives around the war presented in the legacy media and from the Zelensky government, including suggesting that Moscow was provoked into invading by the Ukrainian government and the expansion east of the American-led NATO military alliance.

In July of this year, Lira posted messages on Twitter and YouTube claiming that he was going to try to cross the Ukrainian border into Hungary to claim asylum after being released from prison on bail. He has not posted on either platform since. In his final video message, Lira claimed that if he did not post after his attempt to cross the border, it would mean that he had been arrested again by the Ukrainian authorities. Lira said that in such an event, he would “die in prison” and begged the public to “raise a ruckus” about his arrest. The former red pill-style dating coach turned citizen journalist has maintained that he merely discussed publicly available information about the war. “The American State Department knows exactly who I am and the fate that awaits me,” he said before attempting to cross the border.

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Not going smoothly. Armenia=US here.

Russian Announces Full Ceasefire Agreement For Nagorno-Karabakh (TASS)

A full ceasefire agreement between Azerbaijan and Nagorno-Karabakh has been reached through the mediation of Russian peacekeepers, the Russian Defense Ministry said in a statement. “A ceasefire agreement between the Azerbaijani side and representatives of Nagorno-Karabakh has been reached through the mediation of the command for Russia’s peacekeeping mission,” the statement reads. According to the Russian Defense Ministry, “the agreement will be implemented in coordination with the command for the Russian peacekeeping contingent.” The ministry said earlier that Russian peacekeeping forces in Nagorno-Karabakh continued to perform their mission amid rising tensions, providing all possible assistance to civilians. According to the ministry, a total of 2,261 civilians, including 1,049 children, are currently staying at the peacekeepers’ base camp.

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New Zealand should take her to court.

Jacinda Ardern Calls on the United Nations to Crack Down on Free Speech

Jacinda Ardern may no longer be Prime Minister of New Zealand, but she was back at the United Nations continuing her call for international censorship. Ardern is now one of the leading anti-free speech figures in the world and continues to draw support from political and academic establishments. In her latest attack on free speech, Ardean declared free speech as a virtual weapon of war. She is demanding that the world join her in battling free speech as part of its own war against “misinformation” and “disinformation.” Her views, of course, were not only enthusiastically embraced by authoritarian countries, but the government and academic elite. In her speech, she notes that we cannot allow free speech to get in the way of fighting things like climate change.

She notes that they cannot win the war on climate change if people do not believe them about the underlying problem. The solution is to silence those with opposing views. It is that simple. While some of us have denounced her views as an attack on free expression, Harvard rushed to give her not one but two fellowships. While the free speech community denounced her for unrelenting attacks on this human right, Harvard praised her for “strong and empathetic political leadership” and specifically enlisted her to help “improve content standards and platform accountability for extremist content online.” I actually have no objection to the inclusion of Ardern as a Harvard fellow. She is a former world leader who is leading the movement against free speech. It is a view that students should consider in looking at these controversies.

However, Harvard has heralded her views with no acknowledgment of her extreme antagonism toward free speech principles. There is also little countervailing balance at the school with fellows supporting free speech as a human right. Rather, Harvard (which ranks dead last on the recent free speech survey) has become a virtual clearinghouse for anti-free speech academics and advocates. Free speech is now commonly treated on campuses as harmful. Rather than the right that defines us, it is treated as an existential threat. What is so chilling is to hear Ardean express her fealty to free speech as she calls on the nations of the world to severely curtail it to prevent people from undermining their policies and priorities. She remains the “empathetic” face of raw censorship and intolerance. She is now the virtual ambassador-at-large for global speech regulation and criminalization.

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True.

Putin Never Insults People: Peskov In Response To Biden (TASS)

Russian President Vladimir Putin never allows himself to stoop to insults, Kremlin Dmitry Peskov said when asked about the chances of a stern response to US President Joe Biden who had described Putin as a “dictator.” “You know that our president never stoops to this – to the level of personal insults against his colleagues. He certainly has his own opinion about this style of rhetoric. But the president, I repeat again, has never stooped to this and will not do so,” Peskov said. According to the spokesman, what is most important is that Putin is supported by the overwhelming majority of Russians, as has been confirmed more than once during presidential elections.

“In his entire career as a politician, President Biden has never once garnered the same level of support as President Putin. This is what he should probably strive for,” Peskov said. He said Biden faces “a very, very difficult election.” “We understand that the US is now actively clearing the electoral field of undesirable competition. But we have our own concerns, which we will be dealing with,” the spokesman said.

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“See Something, Say Something”

DHS Is Grooming Americans to Report on Each Other (Whitehead)

Are you among the 41% of Americans who regularly attend church or some other religious service? Do you believe the economy is about to collapse and the government will soon declare martial law? Do you display an unusual number of political and/or ideological bumper stickers on your car? Are you among the 44% of Americans who live in a household with a gun? If so, are you concerned that the government may be plotting to confiscate your firearms? If you answered yes to any of the above questions, you may be an anti-government extremist (a.k.a. domestic terrorist) in the eyes of the government and flagged for heightened surveillance and preemptive intervention. Let that sink in a moment.

If you believe in and exercise your rights under the Constitution (namely, your right to speak freely, worship freely, associate with like-minded individuals who share your political views, criticize the government, own a weapon, demand a warrant before being questioned or searched, or any other activity viewed as potentially anti-government, racist, bigoted, anarchic or sovereign), you have just been promoted to the top of the government’s terrorism watch list. I assure you I’m not making this stuff up. So what is the government doing about these so-called American “extremists”? The government is grooming the American people to spy on each other as part of its Center for Prevention Programs and Partnerships, or CP3 program.

According to journalist Leo Hohmann, the government is handing out $20 million in grants to police, mental health networks, universities, churches and school districts to enlist their help in identifying Americans who might be political dissidents or potential “extremists.” As Hohmann explains, “Whether it’s COVID and vaccines, the war in Ukraine, immigration, the Second Amendment, LGBTQ ideology and child-gender confusion, the integrity of our elections, or the issue of protecting life in the womb, you are no longer allowed to hold dissenting opinions and voice them publicly in America. If you do, your own government will take note and consider you a potential ‘violent extremist’ and terrorist.” Cue the dawning of the Snitch State. This new era of snitch surveillance is the lovechild of the government’s post-9/11 “See Something, Say Something” programs combined with the self-righteousness of a politically correct, hyper-vigilant, technologically-wired age.

For more than two decades, the Department of Homeland Security has plastered its “See Something, Say Something” campaign on the walls of metro stations, on billboards, on coffee cup sleeves, at the Super Bowl, even on television monitors in the Statue of Liberty. Colleges, universities and even football teams and sporting arenas have lined up for grants to participate in the program. The government has even designated September 25 as National “If You See Something, Say Something” Awareness Day. If you see something suspicious, says the DHS, say something about it to the police, call it in to a government hotline, or report it using a convenient app on your smart phone. This DHS slogan is nothing more than the government’s way of indoctrinating “we the people” into the mindset that we’re an extension of the government and, as such, have a patriotic duty to be suspicious of, spy on, and turn in our fellow citizens. This is what is commonly referred to as community policing.

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“..of all the twenty leading countries in the world, only we have a flat tax scale..”

The Bull Missed The Red Flag In The Russian Provincial Elections (Helmer)

Like men, bulls grow less intelligent, more stubborn and miscalculating with age. This is also a problem for the Communist Party of the Russian Federation (KPRF) whose leader, Gennady Zyuganov, has recently turned 79 years of age. He is compos mentis compared to the similarly aged leaders of the Democratic and Republican parties in the White House and US Congress. But that’s not saying much – not enough to have persuaded Russian voters to support the KPRF candidates in the regional, gubernatorial, and mayoral elections which were held across the country between September 8 and 10. [..] Zyuganov insists the KPRF still leads the opposition in the country. “We need to realise that this war has been declared against the entire Russian world, our civilisation,” Zyuganov says in an interview published on the party website on Monday.

“So we have only one way out — to win a complete and unconditional victory. But to do this, it is necessary to correctly assess the current situation, understand our strengths and weaknesses — and resolutely go on the offensive. It is necessary to unite society as much as possible, to mobilise resources, to master all the most advanced and freshest. And to be able to do it in conditions of unprecedented sanctions.” “Putin has changed his strategy four times over the past twenty years. He came to power after the ‘dashing 1990s’, during which more than 80,000 enterprises were destroyed and sold off, citizens’ savings were blown to the wind, and the Soviet government was shot. In the 1990s, the country turned itself into Uncle Sam’s wagging tail and decided to turn into an oil and gas pipe, a quarry, and a sawmill. But Putin realised it was necessary to change the strategy… But the remnants of the Yeltsin era [remain] in power. They still occupy many offices in the Kremlin and the government…”

“Putin made a very interesting and informative speech at the Fareastern Forum. But I would like to pay special attention to the part of his speech that concerned tax legislation. The oligarchy breathed a sigh of relief — the president says we will not change the situation with taxes. But of all the twenty leading countries in the world, only we have a flat tax scale, in which the same percentage of income is collected from both the poor and the leading rich! This is absolutely unfair and directly contradicts the interests of the state. Thanks to this policy, the oligarchs do not pay normal taxes…They continue to plunder the country at an unprecedented pace. In 2022 alone, $261 billion was transferred from Russia abroad. The total capital of our 25 richest oligarchs has already exceeded $300 billion. This is more than the entire Russian budget! And all this happens in the conditions of the special military operation, when help, support, and compassion are needed! When maximum consolidation and cohesion is needed!”

Read more …

German MEP Christine Anderson.

MEP Delivers Damning Message to the Global Tyrants (VN)

“We just need to find a way to wake the people up. Because the point is simply this: it comes down to a choice. It’s either freedom, democracy, and the rule of law — or enslavement. “There is no such thing in between. There is no such thing as a little freedom, a little democracy, a little rule of law, just as there is no such thing as a little enslavement. So that’s the choice. It comes down to – it’s either the globalitarian misanthropists or the people. It comes down to – it’s either us or them. And that’s, I think, what this really is all about. “Now, when my colleagues and I were elected to this parliament, there was no question about it. We were on the side of the people because the people actually pay us to act in their best interests. That’s our job.

And once again, I will say to every single elected representative around the world, to every single member in every elected government around the world, if you do not unequivocally stand with the people and serve in their best interests, act in their best interests, you have no place in any parliament or in any government. You belong behind bars. You may even rot in hell for all I care at this point because that’s exactly what you deserve if you sell out the people.” Now, I would like to make a promise to the people, and I’m pretty sure I can speak or speak on behalf of my colleagues. We will continue to stand with you, the people. We will continue to fight for freedom, democracy, and the rule of law. We will not shut up, and we will not stop going after those despicable globalitarian misanthropists.

“But we would also like to have you make a promise to us. You may have heard it’s all coming back. The first country is already starting [to talk about] mask mandates in Israel. They’re already imposing it. I’ve heard of a few universities in the United States. They’re already bringing it all back. And I would really like for you, the people, to not go along. Simply say no! They want you to wear a mask; say no. They want you to put in another mRNA shot; say no. They want to impose a curfew on you; say no. That’s really all you have to do. “And it might not be or might sound a little hard, but it’s actually not that hard. Because once you have made it clear to them that you will no longer go along, once you’ve let them know, they cannot scare you anymore. Because as long as you are afraid of what they might do if you don’t comply, they have power over you.

Take the power away from them! Simply say no. Once you do that, they don’t have power over you anymore. You will feel so free. Simply say no. “And considering what we’ve heard today, and considering what we’ve seen in the last three years. Considering what we know they want to implement, heck, you might even be well within your right to tell them to screw themselves and go to hell! That’s where they belong. What will you get out of that? I can tell you. Once you’ve done that, once you’ve told them to just go to hell, they no longer have power over you. You will have an incredible feeling — kind of like a sensation of freedom will swap through your body. I promise you will feel so relieved. “And this is the state of mind that I would ask all of you to get to. Simply don’t let them grind you down anymore. You are worth it. You are deserving of just standing up for yourselves. And tell them all to go to hell. Thank you very much.”

Read more …

 

 

 

 

Cluster B

 

 

 

 

 

 

 

 

Elephant electric fence

 

 

Baby dog
https://twitter.com/i/status/1704369650379747821

 

 

Snacks

 

 

Sinead

 

 

 

 

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

 

 

 

 

 

Dec 142022
 
 December 14, 2022  Posted by at 8:50 am Finance Tagged with: , , , , , , , , ,  64 Responses »


Pablo Picasso Portrait of Dora Maar 1943

 

Twitter Is Actually an Intelligence Gathering and Propaganda Tool (CTH)
Twitter Disbands Trust and Safety Council Amid Child Abuse Criticism (ET)
Jack Dorsey Responds To Twitter Files (RT)
Zelensky Aide Accused Musk Of Hiding ‘War’ From Twitter Trends (RT)
White House Defends Fauci From Musk (RT)
Zelensky: Russia Must Withdraw All Forces By Christmas (ZH)
NATO Chief Says Full-Blown War With Russia Is a ‘Real Possibility’ (Antiwar)
US Patriot Missiles to Ukraine: Peace Continues to be Banned in DC (Celente)
Peace Advocates Seen As ‘Traitors’ In EU – Former Austrian Vice-chancellor (RT)
Biden Operatives Plan “Swat Force” on Hunter Biden Scandal (Turley)
After the Ukraine Is Over, Many a European Heart is Aching (Batiushka)
NATO Is Trying To Find A Pretext To Attack Serbia -Again- (Saker)
EU Fails To Agree On Gas Price Cap (RT)
DOJ Faces Questions After Preventing SBF from Testifying in Congress (Turley)
The Seth Rich Case Gets Richer (Billingsley)

 

 

 

 

Laura Roth

 

 

 

 

DeSantis vaccine panel

 

 

 

 

Lapado

 

 

 

 

 

 

More from sundance.

“DHS doesn’t operate on the backbone of Twitter, Twitter operates on the backbone of DHS.”

Twitter Is Actually an Intelligence Gathering and Propaganda Tool (CTH)

Tucker Carlson hits the bullseye in a late show segment discussing the framework of the Twitter social media company. Stunningly, Carlson is the first person to ask the question that we have outlined for years, it is the essence of how Jack’s Magic Coffee Shop evolved. “It’s all pretty weird. Could it be that while the rest of us imagined that Twitter was a social media site … could it be that Twitter was actually, maybe primarily, a propaganda tool and intelligence gathering apparatus for a variety of intel agencies?” ~ Tucker Carlson. Yes. Exactly this. Yes. It’s not that DHS had a portal into Twitter, it’s that DHS took over the operation of Twitter and controlled every element of it. That’s also why profits and losses were never part of the viability equation. DHS controls Twitter operations, that’s the essential baseline for Jack’s Magic Coffee Shop. Well done Tucker Carlson.

Once you change your reference point and review the data from a different perspective, things make sense. DHS doesn’t operate on the backbone of Twitter, Twitter operates on the backbone of DHS. The information and content on Twitter exist, or not, by the permission and authority of the national security state, DHS. Narratives can be enhanced or throttled. Public perceptions can be uplifted or deemphasized. Candidates can be boosted or dismissed. Control over the public conversation is not simply in the hands of Twitter executives, the platform content is shaped by the guiding hand of the controlling interest – the government. So why did they permit it to be sold? Again, control.

Every non-Twitter, non-DHS controlled, information and discussion site is a watering down of the influence of Twitter. The inability to influence a platform like Truth Social would be particularly troublesome. So, launder the handling of the DHS platform to Elon Musk and create the illusion of a refresh. Twitter 2.0 now rebrands with a renewed ability to influence. Not accidentally, a pro DeSantis shaping is part of the objective. In the eyes of the control state Rumble and Truth Social represent the threat that is Donald Trump, while Twitter and YouTube representing the controlled alternative, Ron DeSantis. There are trillions at stake.

Read more …

“As Twitter moves into a new phase, we are reevaluating how best to bring external insights into our product and policy development work…”

Twitter Disbands Trust and Safety Council Amid Child Abuse Criticism (ET)

Twitter has disbanded its Trust and Safety Council, according to an email, after new owner Elon Musk criticized members over a lack of action to rid the platform of child sexual abuse material. In an email to the council’s members, Twitter said the Trust and Safety Council was no longer deemed the best way for the social media platform to “bring external insights into our product and policy development work.” “As Twitter moves into a new phase, we are reevaluating how best to bring external insights into our product and policy development work. As part of this process, we have decided that the Trust and Safety Council is not the best structure to do this,” the email stated.

“Our work to make Twitter a safe, informative place will be moving faster and more aggressively than ever before and we will continue to welcome your ideas going forward about how to achieve this goal,” the email continued. “We will also continue to explore opportunities to provide focused and timely input into our work, whether through bilateral or small group meetings.” The council was informed of the change before it was scheduled to meet with Twitter representatives on Monday night, according to The Associated Press. The webpage for the Trust and Safety Council is now blank. The group was previously made up of around 100 stakeholders, including independent civil, human rights, and other organizations.

The Trust and Safety Council has been criticized by Musk for not taking action to remove child sexual abuse material from Twitter. The council was established in 2016 to address problems such as hate speech, child exploitation, suicide, self-harm, and other issues on the platform. After three members of the council resigned in protest over allegations of increased hate speech on the platform on Dec. 8, Musk declared on Dec. 10 that it was “a crime that they refused to take action on child exploitation for years!” Former Twitter CEO Jack Dorsey replied to Musk, saying: “This is false.” “No, it is not,” Musk replied, adding: “When Ella Irwin, who now runs Trust & Safety, joined Twitter earlier this year, almost no one was working on child safety.”

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“..the right thing for the public company business at the time, but the wrong thing for the internet and society.”

Jack Dorsey Responds To Twitter Files (RT)

Former Twitter CEO Jack Dorsey has issued a response to the recently leaked ‘Twitter Files,’ admitting to a host of major mistakes during his time as chief executive while warning of “centralized control” of the internet by governments and corporations. The tech entrepreneur addressed the leaked internal documents in a Tuesday blog post, acknowledging that Twitter failed to uphold its guiding principles near the end of his tenure, and that he “completely gave up” on his own vision for the site after “activist” investors bought into the company sometime in 2020. Though he did not elaborate on the new investors or how they might have swayed the platform, Dorsey said Twitter’s focus on controlling public dialogue was ultimately one of its greatest errors.

He cited the decision to permanently suspend President Donald Trump in the wake of the riot at the US Capitol in January 2021, saying it was “the right thing for the public company business at the time, but the wrong thing for the internet and society.” “The biggest mistake I made was continuing to invest in building tools for us to manage the public conversation, versus building tools for the people using Twitter to easily manage it for themselves,” he said. “This burdened the company with too much power, and opened us to significant outside pressure (such as advertising budgets). I generally think companies have become far too powerful, and that became completely clear to me with our suspension of Trump’s account.”

Dorsey was reportedly on vacation at the time of the Trump ban and had delegated decision-making to executives Yoel Roth and Vijaya Gadde – as revealed in the Twitter Files – but nonetheless said he bears sole blame for the errors in judgment. “The current attacks on my former colleagues could be dangerous and [don’t] solve anything. If you want to blame, direct it at me and my actions, or lack thereof,” he continued, also insisting “there was no ill intent or hidden agendas” behind Twitter’s more contentious decisions and that the company “acted according to the best information we had at the time.” Tuesday’s blog post also included a lengthy section warning of “centralized” power over the internet, stating that social media platforms should remain “resilient to corporate and government control” while suggesting Twitter had failed to do so under his watch.

The former CEO, who stepped down from the role in November 2021, went on to say that he welcomes the “fresh reset” brought by Twitter’s new owner, billionaire entrepreneur Elon Musk, expressing hopes that the site will become “uncomfortably transparent.” However, he argued that the Twitter Files should have been released “Wikileaks-style,” or in full, rather than being leaked to select journalists by the site’s new management. Spearheaded by reporters Matt Taibbi and Bari Weiss, the documents have been published on a rolling basis with Musk’s blessing, shedding light on a number of controversial decisions made by the company. Five installments have gone public so far, including material surrounding Trump’s suspension, Twitter’s close cooperation with US intelligence agencies, the practice of ‘shadowbanning,’ as well as a site-wide ban on a New York Post report about the foreign business dealings of Hunter Biden, the son of President Joe Biden.

Read more …

“..the biggest bot attack I’ve ever seen.”

Zelensky Aide Accused Musk Of Hiding ‘War’ From Twitter Trends (RT)

Mikhail Podolyak, a senior adviser to Ukrainian President Vladimir Zelensky, has accused Twitter of hiding trends related to the ongoing conflict in the country. The official took to the social media platform on Tuesday, blasting the platform’s CEO, billionaire Elon Musk, directly. ‘War in Ukraine’ disappearance from Twitter trends. Radical curtailment of tweets mentioning ru-aggression coverage. Users aren’t allowed to register or log into accounts with Ukrainian phone number,” Podolyak wrote. According to Twitter, its trends are “determined by an algorithm and, by default, are tailored for you based on who you follow, your interests, and your location.” The algorithm “identifies topics that are popular now, rather than topics that have been popular for a while or on a daily basis.”

The presidential aide was apparently referring to Ukrainian media reports that users with Ukrainian phone numbers were no longer able to log in or register on the platform. While the social media giant has not produced any statements on the issue yet, Musk cryptically warned Twitter “bots” were “in for a surprise tomorrow” on Sunday. Podolyak was also critical of the recent release of ‘Twitter files’, which disclosed censorship practices on the platform amid the 2020 US presidential campaign. The official apparently hinted that Twitter’s new leadership was now censoring coverage of the Ukraine crisis. “Elon Musk, I wonder if we will ever see ‘Twitter Files’ about Fall/Winter 2022?” Podolyak wrote. In recent weeks, Musk has repeatedly engaged in a bitter back-and-forth with the pro-Ukrainian crowd on the social media platform, including the country’s top officials.

The spat began with a peace plan, floated by the billionaire, who suggested Ukraine should commit to neutrality and relinquish its claim to Crimea, while Russia “redo” referendums in the Donetsk and Lugansk People’s Republics, as well as in Kherson and Zaporozhye Regions “under UN supervision.” The remarks angered Kiev officials, who raided Musk’s feed in order to vent. The poll on the peace plan itself was subjected to what the billionaire called the “biggest bot attack I’ve ever seen.” The spat has been aggravated by Musk, who threatened to stop payrolling Starlink’s services, which are actively used by the Ukrainian military. In early November, Twitter also began labeling tweets from Ukrainian state-run media – in the same way it does with a number of Russian government-owned outlets – causing a new meltdown among Kiev’s backers.

Read more …

“..Fauci told Senator Rand Paul of Kentucky in May 2021 that NIAID and the National Institutes of Health “categorically” never funded such research..”

White House Defends Fauci From Musk (RT)

The US government has come to the defense of President Joe Biden’s Covid-19 czar, saying that Dr. Anthony Fauci is a paragon of public service and that Elon Musk’s suggestions that the octogenarian bureaucrat should be prosecuted are dangerous “personal attacks” divorced from reality. The Tesla and SpaceX magnate took over Twitter in October and has been sharing details of the platform’s operations under the previous management. Teasing revelations about the pandemic-related censorship, Musk tweeted on Saturday that his pronouns are “Prosecute/Fauci.” The post went beyond viral, garnering more than 1.2 million likes so far – and attracting the attention of White House press secretary Karine Jean-Pierre.

“These attacks, these personal attacks that we have been seeing, are dangerous – on Dr. Fauci and other public health professionals as well. They are disgusting, and they are divorced from reality,” Jean-Pierre told reporters on Monday. Fauci has “given his almost entire career to civil service, public service, as a public servant. His work on infectious disease, from HIV/AIDS to Covid, has saved countless lives,” said Jean-Pierre, and America is fortunate he has devoted “his exceptional talent” to public health. “And that’s what should be discussed right now,” she concluded. Now 81, Fauci has been running the National Institute of Allergy and Infectious Diseases since 1984. He will retire from his government job at the end of the year, just before Republicans – who promised to hold hearings about his handling of the pandemic – take over the House of Representatives.

Fauci became an idol of Democrats in 2020, advocating for longer and tougher lockdowns when President Donald Trump wanted to see them lifted. When Biden became president, he named Fauci his chief medical adviser and followed his strategy of “shutting down the virus” through mask and vaccine mandates. Several prominent Republicans have clashed with Fauci in congressional hearings, accusing him of funding gain-of-function research at the Wuhan Institute of Virology in China, where the pandemic supposedly originated. Fauci told Senator Rand Paul of Kentucky in May 2021 that NIAID and the National Institutes of Health “categorically” never funded such research. Documents published in September showed NIH and NIAID giving money to the nonprofit EcoHealth Alliance, which funded experiments with bat coronaviruses in Wuhan. NIH has continued to fund EcoHealth, however.

Read more …

N’importe quoi..

Zelensky: Russia Must Withdraw All Forces By Christmas (ZH)

Ukraine now says that it has lost half of its energy system amid recent stepped-up Russian aerial attacks, which have continued to include suicide drones, some of which are believed supplied by Iran. President Volodymyr Zelensky communicated this in a Monday phone call with President Joe Biden, briefing the US leader on “the consequences of the Russian missile terror, as a result of which about 50% of the Ukrainian energy infrastructure was destroyed.” In the mid-afternoon on Tuesday (local time), air raid alerts have reportedly been issued all across Ukraine, with sirens blaring in the capital after Zelensky warned that the next major wave of Russian airstrikes are imminent.

Starting Friday Kyiv authorities began revising their estimate upward from the 40% they had been estimating in statements as of weeks ago. Ukraine’s Prime Minister Denys Shmygal recently described, “Unfortunately, Russia continues missile strikes on Ukraine’s critical civilian infrastructure, fighting against the civilian population and depriving them of light, water, heat and communications during the winter… Nearly half of our energy system is disabled.” The past month has witnessed some of the largest missile barrages targeting energy infrastructure to date, which has left whole cities, including Odesa and a number of cities in the south without power amid frigid temperatures.

Also on Monday Zelensky gave a virtual address before G7 leaders, wherein he urged more arms including “modern tanks” and “rocket artillery and more long-range missiles” while acknowledging his military is running low in the face of the more superior-armed Russian forces. He asked G7 nations for “about 2 billion cubic meters” of additional gas to help the population get through winter. Among the more interesting things he said was that Moscow must withdraw all forces by Christmas. “The occupier must leave. It will certainly happen. I see no reason why Russia should not do it now – at Christmas.” Vowing the counteroffensive will not stop even as the ground freezes, he appealed for Russia to avoid “further confrontation with the world.”

“Very soon we’ll have holidays celebrated by billions of people. Christmas – according to the Gregorian calendar or the New Year and Christmas – according to the Julian calendar. This is the time for normal people to think about peace, not aggression. I suggest Russia to at least try to prove that it is capable of abandoning the aggression. It would be right to start the withdrawal of Russian troops from the internationally recognized territory of Ukraine this Christmas. If Russia withdraws its troops from Ukraine, it will ensure a lasting cessation of hostilities,” the President said, speaking at the G7 Summit.

Read more …

“..the continent’s “peace and freedom” would be threatened if Putin wins in Ukraine.”

NATO Chief Says Full-Blown War With Russia Is a ‘Real Possibility’ (Antiwar)

NATO Secretary-General Jens Stoltenberg warned Friday that he fears a full-blown war between Russia and NATO is a “real possibility” in a rare acknowledgment of the dangers of backing Ukraine. “I fear that the war in Ukraine will get out of control, and spread into a major war between NATO and Russia,” he said, according to The Telegraph. “If things go wrong, they can go horribly wrong.” Russian officials have made clear that they believe they are fighting against NATO in Ukraine. Russian Foreign Minister Sergey Lavrov said recently that both the US and NATO are “directly participating” in the war in Ukraine, meaning Russia has the pretext for strikes on NATO bases in Europe if they choose to take that step. Despite the risk, Stoltenberg stressed that NATO countries should continue arming Ukraine and that the best way to deter Russia is to strengthen the alliance’s positions in Eastern Europe.


Stoltenberg said Russian President Vladimir Putin “knows it’s one for all, and all for one,” referring to NATO’s mutual defense commitments as outlined by Article 5. The risk of escalation rose last week after Ukrainian drones struck air bases hundreds of miles inside Russian territory, killing three Russian soldiers and damaging two Russian bombers. Citing unnamed US military sources, The Times reported Friday that the Pentagon has given Ukraine its tacit endorsement to launch such attacks. Stoltenberg said that he understands why some people in Europe are getting tired of supporting Ukraine as they face rising energy and food prices. But the NATO chief claimed that the continent’s “peace and freedom” would be threatened if Putin wins in Ukraine.

Read more …

“..It now seems apparent why Ukrainian President Volodymyr Zelensky was so giddy after a phone call with U.S. President Joe Biden on Sunday.”

US Patriot Missiles to Ukraine: Peace Continues to be Banned in DC (Celente)

The U.S. is about to approve a Patriot missile battery to counter Russia’s recent missile bombardments despite Moscow’s previous threat that these systems would be “legitimate targets” for its forces. CNN first reported on the Biden administration’s plan that could be announced later this week. The Pentagon and State Department did not immediately respond to emails from The Trends Journal. Washington has already provided Ukraine with short-range NASAMS anti-air systems. Ukraine has been asking the U.S. for these systems for months, but Washington knows that it would be a major escalation and risk a confrontation with Russia. Germany understands the significance of providing these systems.

Berlin refused Poland’s push to put Patriot missiles in Ukraine instead of Warsaw after the Ukrainian missile killed two in the country a few weeks ago. Germany offered Poland the Patriot missile system, and Warsaw insisted that these missiles be sent to Ukraine instead. Germany ended up refusing the idea. Germany presented Poland with these systems on Monday. Michal Baranowski, the regional managing director of the German Marshall Fund in Warsaw, told The New York Times that the brief tussle between Berlin and Warsaw was “like an X-ray of miserable Polish-German relations.” “It’s worse than I thought, and I’ve watched it a long time,” Baranowski said. CNN noted that these missile systems, one of the most advanced from the U.S., are effective in nailing distant targets but it requires about a dozen troops to operate and months of training. Ukraine does not have anyone trained to used the system.

The system is widely considered one of the most capable long-range weapons to defend airspace against incoming ballistic and cruise missiles as well as some aircraft. Because of its long-range and high-altitude capability, it can potentially shoot down Russian missiles and aircraft far from their intended targets inside Ukraine. It now seems apparent why Ukrainian President Volodymyr Zelensky was so giddy after a phone call with U.S. President Joe Biden on Sunday. He thanked Biden for the “unprecedented” support from the U.S. “I had a phone call with U.S. President Joseph Biden and thanked for the unprecedented defense and financial assistance that the U.S. provides to Ukraine,” Zelensky said. NATO has been trepidatious to provide these systems because of the risk that Kyiv uses them to fire deeper inside Russia. Ukraine has been blamed for several attacks on Russian territory.

Read more …

“..a “global war” between Russia and NATO, into which European leaders have been “drawn.”

Peace Advocates Seen As ‘Traitors’ In EU – Former Austrian Vice-chancellor (RT)

Former Austrian Vice-Chancellor Heinz-Christian Strache has told RT that the EU’s sanctions policy has brought Ukraine no closer to peace, and those who complain are “branded and defamed” as traitors. Strache is a vocal critic of the EU’s sanctions on Russia, which he has repeatedly blamed for destroying the bloc’s economy, triggering rising inflation and unemployment, and potentially bringing a wave of “mass insolvencies and bankruptcies” in the new year. Speaking to RT on Tuesday after addressing a pro-neutrality rally in Vienna last weekend, Strache described the conflict in Ukraine as part of a “global war” between Russia and NATO, into which European leaders have been “drawn.”

“Unfortunately, I do not see any European political leaders who want to approach the negotiating table and call for a negotiated ceasefire agreement and a peaceful solution,” he lamented. “We Austrians in particular should adhere to our neutrality and our neutrality status could also play a decisive mediating role here. So far, this has not been practiced.” “Of course, the media in the European Union are silent about all this,” he continued. “And if you express criticism here today, you are often branded and defamed as a Putin and Russia sympathizer and also as a traitor to Europe.” While Strache condemned the lack of a “strong European peace movement,” he predicted that worsening economic conditions will eventually force citizens to demand an end to the Ukraine conflict.

“People are confronted with the catchphrase that they have to freeze for peace, and then you come to the conclusion: well, freezing doesn’t help, because unfortunately there is no peace…and then you become unemployed and unemployment has not brought peace because there are no negotiation initiatives – people naturally find [this] very, very repulsive and very questionable,” he stated. European leaders have presented the rising price of energy as a necessary cost of supporting Ukraine, with European Commissioner Margrethe Vestager famously telling people earlier this year to say “take that, Putin” as they turn off their hot water. Ultimately, Strache argued that the EU is bearing all the costs of the conflict while the US is “profiteering,” an assessment shared by European Council President Charles Michel and other senior Brussels officials. “More and more people are becoming aware of this,” Strache continued, adding that “Europe urgently needs to implement concrete peace initiatives.”

Read more …

“Generally, political operatives lay out scorched-earth campaigns in secret. But someone wanted this campaign to be public before the House can call any witnesses.”

Biden Operatives Plan “Swat Force” on Hunter Biden Scandal (Turley)

Just when you thought our politics could not get more poisonous, a recent meeting in California suggests the past is mere prelude. The Washington Post, which revealed the powwow, described it as Biden family “allies” planning an offensive to blunt any investigation into the Bidens’ alleged multimillion-dollar influence-peddling schemes. Republicans will see it more like the gathering of the Legion of (Democratic) Doom. Some of the most controversial political operatives are involved in the all-hands-on-deck effort to protect the Bidens. The California meeting’s host was none other than Hunter Biden’s friend, agent and lawyer Kevin Morris. After Hunter was placed under investigation for, among other possible charges, tax evasion, Morris reportedly paid off as much as $2.8 million in back taxes for Hunter.

Morris, per The Washington Post, called for a “more aggressive” response to those seeking to investigate the alleged influence peddling. That plan includes hitting critics, such as Fox News, with possible defamation lawsuits. (For full disclosure, I appear as a legal analyst on Fox News.) The paper also reported Morris “outlined extensive research on two potential witnesses against Hunter Biden — a spurned business partner named Tony Bobulinski and a computer repairman named John Paul Mac Isaac.” “Spurned” is hardly the sole or most relevant description of Bobulinski: The businessman was recruited by the Biden family to manage foreign deals and later directly contradicted President Joe Biden’s claims he knew nothing of those dealings. His testimony could present a serious threat in the coming House investigation in establishing not only the president’s knowledge but his possible receipt of proceeds from the deals.

Morris’ plan could easily be taken as a declaration of all-out war on potential witnesses against Hunter Biden. What’s most interesting about the piece is why The Washington Post was given such access and such a detailed account. Generally, political operatives lay out scorched-earth campaigns in secret. But someone wanted this campaign to be public before the House can call any witnesses. For key witnesses like Bobulinski, the message is about as subtle as a two-by-four to the head. The Washington Post is viewed as one of the most pro-Biden newspapers in the country and only recently admitted the Hunter Biden laptop was authentic after pushing the false Russian-disinformation claim. Now the paper is detailing a plan that could create an open season on those who might try to substantiate the Biden family’s influence peddling.

Notably, the article stresses this effort is “operating separately from the White House. [David] Brock said his organization also remains independent of Hunter Biden and his team and is following its own strategy.” The separation is important to deflect any allegations of witness intimidation. Media and political figures leveled such claims against the Trump White House when impeachment witnesses were attacked in the press. Congressional Democrats denounced criticism of the witnesses as an effort to silence or deter witnesses from coming forward. (For the record, I also criticized the targeting of witnesses against Trump even if it did not constitute chargeable witness intimidation).

Read more …

“US-exploited Kiev regime territory, 40% of the whole, will be taken back without compensation.”

After the Ukraine Is Over, Many a European Heart is Aching (Batiushka)

Northern Europe, as far south as northern Italy, is now in the grip of a wave of icy cold (no doubt, the result of global warming). As a result, observers are expecting the Russian winter offensive in the Ukraine to start all the sooner, though nobody knows when. This month or next? Maybe a dramatic entry from Belarus, cutting off NATO supplies? Nobody knows. For the moment, Allied forces are content to grind down the undersupplied and freezing Kiev regime conscripts and mercenaries in situ, hoping that perhaps they will simply surrender en masse, despite the regime’s guns poking in their backs. Conditions are such that this could happen with very few Russian losses. There is no hurry. Over 500,000 Allied soldiers and 500 winter camouflage tanks are waiting for their moment to move in and denazify the Ukraine. They will wait for the right moment.s

Russia could no longer allow a hostile, US-controlled, NATO-armed and soon-to-be-nuclear Ukraine to exist. Therefore, it is being liberated. It should have happened long before, but Russia was much too weak to do so before. When the Zelensky regime falls, billions of dollars of Western arms and supplies will fall into Russian hands. The Kiev regime’s Western-incurred indebtedness to the West for arms and supplies over the last nearly nine years will be cancelled. US-exploited Kiev regime territory, 40% of the whole, will be taken back without compensation. This will be a small measure of compensation for the destruction that the US and its European vassals, including the Minsk I and Minsk II liars of Germany and France, have caused in the Ukraine, especially in the much-tried Donbass.

Apart from completing the liberation of the four provinces that it has taken back so far, Russia may also take back four more Russian-speaking provinces, those of Kharkov, Dnepropetrovsk, Nikolaev and Odessa, so joining up with Russian Transdnestria. A coup in Kiev could take place, as the remnants of the Kiev Army collapse and the new Ukraine could then even become a Russian ally, like Belarus, part of the Union State. Whether the five far western provinces of the present Ukraine remain with the new Ukraine, or three of them return to Poland, and one each to Hungary and Romania, remains to be seen. It will all depend on what Russia allows. After this, the whole fragile Western European domino set, hastily stood up by the US-run NATO and its political wing the EU, could begin to tumble.

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“Pavelic, like Bandera, Franco or Petain, was a pure product of the Papacy, unlike Hitler and Mussolini who were, respectively, a pagan and an atheist..”

NATO Is Trying To Find A Pretext To Attack Serbia -Again- (Saker)

Once the NATO defeat in the Ukraine becomes undeniable, the organization will quickly become irrelevant and unable to agree on yet another military operation. As for the USA, having lost the “fig leaf” provided by NATO, they are unlikely to have what it takes to attack Serbia, not after having being comprehensively defeated in the Ukraine (the collapse of NATO will also trigger a major crisis inside the USA). The problem for Serbia is that it will take time (many months, probably a few years) to fully defang NATO while not triggering a fullscale continental war in Europe. And, let’s be honest here, if the Russians can now take their sweet time “demilitarizing” Banderastan, the Serbian minority in Kosovo cannot.

So what can the Serbs do in this situation? Do nothing would only empower the KLA terrorist and their western bosses and leave the long-suffering Serbian minority in Kosovo defenseless. Move in forces, even if fully allowed by the UNSC Resolution, would risk triggering a major economic and military US/NATO/EU attack on Serbia. Evacuate Serbian civilians from Kosovo? In theory that would be an option, but we have to understand that for the Serbian people Kosovo is truly sacred ground and that many would refuse to leave. Also, emptying Kosovo from its Serbian minority would only embolden the KLA and their patrons. Finally, when the Russians evacuated their civilians from Kherson it was at least credible that this was a temporary move and that the Russian military would be back, sooner rather than later. But in the case of Kosovo, Serbia is the weaker party and will remain so until:

1/ Serbia regains her sovereignty (right now Serbia is basically administered by the West, hence the threats from EU politicians like Baerbock) 2/Reunites with historically Serbian lands in Montenegro, Bosnia and Kosovo 3/ The US/NATO/EU are demilitarized and denazified, at least in Europe. This will all happen, the problem is *when*. I sure don’t know. What I do know is that the Serbian nation has survived absolutely horrific and even overtly demonic persecutions by both the Ottomans, the Anglos and the Latins (Pavelic, like Bandera, Franco or Petain, was a pure product of the Papacy, unlike Hitler and Mussolini who were, respectively, a pagan and an atheist).

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“..any price cap must aim to “ensure the stability of the financial markets.”

EU Fails To Agree On Gas Price Cap (RT)

EU nations have failed once again to finalize a bloc-wide gas price cap at a Council of Energy Ministers meeting, Hungarian FM Peter Szijjarto said on Tuesday. Some states want to lower the ceiling, while others say the measure could wreak havoc on the energy markets. “There was a lengthy debate at the Energy Council meeting. No agreement was reached at the plenary, so discussions will continue on a bilateral basis,” Szijjarto wrote on Facebook. Opinions regarding the measure proposed weeks ago differ greatly among the 27 EU member states, with some doubting its effectiveness in fighting the energy crisis, and others calling for the lowest cap possible.

Under the original plan put forward by the European Commission, the gas price cap should be triggered when prices on the TTF exchange, Europe’s gas benchmark, reach €275 ($292) per megawatt hour and are €58 higher than the LNG reference price for two weeks. The plan was met with criticism, with some member states worried it would only worsen market volatility, while others argued that the level was too high to be effective.

Last week, the EU Council proposed reducing the level of the cap to €220 and slashing the timeframe to five days, while also lowering the gap with global LNG prices to €35, according to a draft document seen by Reuters. However, 12 countries reportedly said this cap would still be too high, demanding it be lowered to €160 with a €20 spread. Earlier on Tuesday, France’s minister for energy transition, Agnes Pannier-Runacher, said that an agreement over the cap could be reached sooner rather than later. “I believe we have started to bring our positions closer,” she told the press ahead of Tuesday’s meeting, adding that any price cap must aim to “ensure the stability of the financial markets.”

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They’ve shut him down:

“Sam Bankman-Fried was denied bail. He will be held in this prison until February 8th, 2023 if he isn’t extradited to the US.”

DOJ Faces Questions After Preventing SBF from Testifying in Congress (Turley)

The arrest of Sam Bankman-Fried yesterday was sudden and unexpected in light of Bankman-Fried’s plan to testify before Congress. As a criminal defense attorney, my reaction to the arrest last night remains unchanged: this is the first time that I can recall where prosecutors moved aggressively to stop a defendant from making self-incriminating statements. His testimony would have been entirely admissible and likely devastating at trial. I previously wrote how Bankman-Fried was doing harm to his case by speaking in the media and to Congress. So why would the Justice Department move to stop the self-inflicted damage? You have a major target who was about to voluntarily testify for hours.

That is ordinarily a dream for prosecutors, but the Justice Department moved quickly to prevent that from happening. At that stage, Bankman-Fried was not charged or in custody. He was not protected by Miranda or other constitutional rules from self-incriminating statements. Indeed, some of us had already warned that he was causing himself considerable damage in making such statements. This was a defendant with a large legal team facing possible criminal charges who seemed eager to speak about his actions and motivations. Most prosecutors would sit back, make popcorn, and watch this unfold. The curious move led many to question whether the Biden Administration was eager to prevent questions on Bankman-Fried’s political contributions and associations.

He was the second highest donor to Democratic causes in the last election cycle. His mother, a law professor at Stanford also heads a major Democratic campaign fund. It is also possible that the Justice Department simply wanted to show the public that it was moving aggressively despite his close Democratic ties. It may have secured sufficient evidence (including possible cooperating witnesses) to satisfy the basis for charges and an extradition request. Moreover, the charges are likely to make some Democratic figures uncomfortable as this matter enters the criminal process. Yet, that still does not explain why the Justice Department would not want to hear a full account from Bankman-Fried before effectively shutting him down as a criminal defendant. This is the first time that I can recall where the prosecutors, rather than defense counsel, moved effectively to muzzle a defendant.

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“..the body of Philip Haney, author of See Something Say Nothing: A Homeland Security Officer Exposes the Government’s Submission to Jihad, was “found deceased” in Amador County, California..”

The Seth Rich Case Gets Richer (Billingsley)

The FBI not only has possession of a laptop computer owned by slain Democratic National Committee (DNC) staffer Seth Rich,” the Epoch Times reports, “but a report detailing forensic imaging of what’s being described as Rich’s work computer.” The revelation came in a three-page forensic report about an “outside entity” working on imaging Rich’s work computer, also a laptop. According to the Epoch Times, that report “was among four documents that had never been disclosed by the FBI in relation to Rich’s case.” Seth Rich was the DNC’s voter expansion data director. On July 10, 2016, the 27-year-old was gunned down in Washington, D.C. Police called it a street robbery gone wrong, but the shooters did not take Rich’s wallet, watch, or phone.

Weeks after the murder, as the BBC reported, “Wikileaks published 20,000 emails obtained from Democratic National Committee computers via an anonymous source.” According to prominent Democrats, that was all part of Donald Trump’s supposed collusion with Russia. With that ploy exposed as a hoax, the people have cause to wonder. With Rich’s personal laptop, the FBI wants 66 years—a proxy for “never”—to produce data the bureau previously denied it even possessed. With Rich’s work laptop, the bureau is taking obstructionism to a new level. FBI records boss Michael Seidel is claiming that the computer is only a physical object, not an “actual record,” and therefore not subject to the Freedom of Information Act request from Texas resident Brian Huddleston.

His attorneys want the Obama-appointed Judge Amos Mazzant to order the release of the information from the personal and work computers of murder victim Rich. As it happens, those are not the only devices the FBI is harboring. On February 21, 2020, the body of Philip Haney, author of See Something Say Nothing: A Homeland Security Officer Exposes the Government’s Submission to Jihad, was “found deceased” in Amador County, California. He was killed by a gunshot to the chest. The Amador sheriff “reached out to the Federal Bureau of Investigation to assist in analyzing documents, phone records, numerous thumb drives and a laptop that were recovered from the scene and Mr. Haney’s RV.

Those items and numerous other pieces of evidence were turned over to the FBI. The FBI has performed a forensic examination of these items. We expect to receive these reports within the next few weeks.” Two years later, the Amador sheriff reported no new information on the case, and the FBI has yet to reveal what was on Haney’s laptop, thumb drives, and such. As with Seth Rich, the material could be of great interest to the public. In early 2020, according to Kerry Picket of the Washington Examiner, Haney was “recently in contact with top officials about returning to work for the DHS.” So maybe he had new information on terrorists. The erudite Haney was good at finding such information, but it wasn’t always welcome at the Department of Homeland Security.

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Mountain goats
https://twitter.com/i/status/1602359257319575561

 

 


Panulirus ornatus is a large spiny lobster with 11 larval stages. It migrates annually from the Torres Strait to Yule Island in the Gulf of Papua in order to breed

 

 

 

 

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

 

 

 

 

 

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].

Read more …

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.

Read more …

 

 

 

 

 

Inflation As A Prelude To War

 

 

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

 

 

 

 

 

 

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May 072022
 
 May 7, 2022  Posted by at 9:27 am Finance Tagged with: , , , , , , , ,  27 Responses »


Pablo Picasso Crucifixion 1930

 

Pfizer’s New 80,000-Page Data Dump Is A Nightmare
Biden Handing Over US Sovereignty to WHO (AOLoud)
Army Lieutenant Convicted, Not Punished in 1st COVID Court-Martial (CHD)
Choice Quotes from Bill Gates’s New Book (Tucker)
Elon Musk Plans To Fire 1,000 Twitter Staff, Quintuple Revenue (DM)
Job Interest In Twitter Up 250% Since Elon Musk Moved To Take Over (Fortune)
Terror from Balochistan (Escobar)
Nausea Rules (Kunstler)
How Years of Attacks on the Court Created a “By Any Means” Mentality (Turley)
Zelensky Critic Arrested in Spain on Orders of Ukrainian Government (SN)
Jan. 6: 80 ‘Suspicious Actors’ and ‘Material Witnesses’ Under Scrutiny (ET)
Ex-FBI Intel Chief: Clinton Campaign Used ‘Contrived Disinformation’ (JTN)
Claim Russians Hacked The DNC Could Have Relied On ‘Spoofed’ Data (Fed.)
The Whole Planet Is a Pot And We’re All Frogs (Ugo Bardi)

 

 

 

 

Disinformation Governance Board

 

 

Rand Paul

 

 

 

 

“There were no human clinical trials to determine if the experimental COVID vaccines were safe for pregnant women. They were excluded from all the trials. None. Zero. Zilch. Nada. Instead, they tested it on 44 rats.”

Pfizer’s New 80,000-Page Data Dump Is A Nightmare

You probably didn’t know that Pfizer dumped 80,000 pages of documents this week. That’s because the American corporate media refused to cover it — and that’s because almost all of them took money from the Biden regime to promote the experimental vaccines and kill any critical coverage of them. Anyway, it turns out that Pfizer’s COVID vaccine was not 95% effective: the data shows it has a 12% efficacy rate. Let me repeat: 12%. That’s a “1” followed by a “2.” But wait: it gets worse. There were no human clinical trials to determine if the experimental COVID vaccines were safe for pregnant women. They were excluded from all the trials. None. Zero. Zilch. Nada. Instead, they tested it on 44 rats.

Pfizer deliberately cut off the clinical data trial before the bad news could be collected. We already know that Pfizer vaccine’s RNA is reverse-transcribing itself into your DNA. We already know that the vaccines increased the risk of getting COVID in children, the CDC intentionally withheld clinical data from the public, and a Moderna gene sequence patented in 2017 was found in the COVID virus spike protein. Pregnant women in the U.S. military who were coerced into taking the jab have suffered horrific side effects and “congenital malformations” in their babies. There were more than 18,900 babies born with abnormalities in 2021. We know this because a few brave whistleblowers got their hands on the Deparment of Defense’s medical database.

More than 18,900 babies. Just think about that. There’s much more news to come out about the COVID vaccines — and all of it is bad. For example, doctors around the world are starting to notice an explosion in the cancer rates among the vaccinated. [..] Let me finish with this thought: perhaps it wasn’t a good idea to re-program the DNA of half the world to produce spike proteins to “fight” a virus with a 99% survival rate?

Pfizer Naomi Wolf

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This is too insane.

Biden Handing Over US Sovereignty to WHO (AOLoud)

On May 22-28, 2022, ultimate control over America’s healthcare system, and hence its national sovereignty, will be delivered for a vote to the World Health Organization’s governing legislative body, the World Health Assembly (WHA). This threat is contained in new amendments to WHO’s International Health Regulations, proposed by the Biden administration, that are scheduled as “Provisional agenda item 16.2” at the upcoming conference on May 22-28, 2022. These amendments will empower WHO’s Director-General to declare health emergencies or crises in any nation and to do so unilaterally and against the opposition of the target nation.

The Director-General will be able to declare these health crises based merely on his personal opinion or consideration that there is a potential or possible threat to other nations. If passed, the Biden Administration’s proposed amendments will, by their very existence and their intention, drastically compromise the independence and the sovereignty of the United States. The same threat looms over all the U.N.’s 193 member nations, all of whom belong to WHO and represent 99.44% of the world population. These regulations are a “binding instrument of international law entered into force on 15 June 2007.” U.N. members states can be required by law to obey or acquiesce to them.


On January 18, 2022, with no public awareness, officials from the Biden Administration sent the World Health Organization these extensive amendments to strengthen WHO’s ability to unilaterally intervene into the affairs of nations merely suspected of having a “health emergency” of possible concern to other nations. The U.S. amendments cross out a critical existing restriction in the regulations: “WHO shall consult with and attempt to obtain verification from the State Party in whose territory the event is allegedly occurring…” By eliminating that, and other clauses (see below), all the shackles will be removed from the Director-General of WHO, enabling him to declare health emergencies at will.

Tucker FDA

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Not just a lieutenant: “Bashaw formerly served as the Army Public Health Center’s headquarters company commander.”

Army Lieutenant Convicted, Not Punished in 1st COVID Court-Martial (CHD)

1st Lt. Mark Bashaw of Maryland, who in April was court-martialed for his refusal to comply with COVID-19 testing and masking requirements, was convicted but will not be punished. As previously reported by The Defender, the U.S. Army charged Bashaw, under the Article 92, Failure to Obey an Order, with: failure to take a medical test, failure to wear a mask and failure to leave the workplace for telework. Bashaw formerly served as the Army Public Health Center’s headquarters company commander. The case, United States v 1LT Mark C. Bashaw, was heard April 28-29 at Aberdeen Proving Grounds, Maryland, home of the Army Public Health Center. About 30 spectators attended the hearing, which was open to the public.

Bashaw plead not guilty to the charges (a telework work charge was dropped at the hearing). The Army recommended formal reprimand and $25,000 in forfeiture of pay. Judge Robert Cohen found Bashaw guilty of the two charges but recommended no additional punishment beyond the conviction. Judge Cohen commented on Bashaw’s exemplary 16 years of meritorious service during sentencing. “Receiving no punishment at a court-martial is not without precedent,” installation spokesperson Amburr Reese told Army Times. “While the Army does not categorize court-martial convictions as felonies or misdemeanors, many civilian jurisdictions treat a conviction in special court-martial convened by military judge alone, which this one was, as a misdemeanor.”

Because Bashaw is not facing punishment, the flag on his records will be removed and he is now eligible to be promoted to the rank of Captain, which was withheld in November 2021. Bashaw disagreed with the judge’s determination but respected the decision. Bashaw also said he understood he can appeal the ruling. He also explained his reasons for challenging what he thought to be an unlawful order, stating he relied on faith. Judge Cohen determined the Army’s orders to wear an Emergency Use Authorization (EUA) mask and to take an EUA test were lawful. However, according to the U.S. Food and Drug Administration (FDA), EUA products and tests are voluntary, based on an investigational or experimental status, and lack liability and consumer protections.

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“..the only thing more dangerous to human life than governments is a naive immune system..”

Choice Quotes from Bill Gates’s New Book (Tucker)

Imagine yourself sidled up to a bar. A talkative guy sits down on the stool next to you. He has decided that there is one thing wrong with the world. It can be literally anything. Regardless, he has the solution. It’s interesting and weird for a few minutes. But you gradually come to realize that he is actually crazy. His main point is wrong and so his solutions are wrong too. But the drinks are good, and he is buying. So you put up with it. In any case, you will forget the whole thing in the morning. In the morning, however, you realize that he is one of the world’s richest men and he is pulling the strings of many of the world’s most powerful people. Now you are alarmed. In a nutshell, that’s what it’s like to read Bill Gates’s new book How to Prevent the Next Pandemic.

The main theme is implied in the title. With enough money, intelligence, and power, along with technological know-how at the helm, the next pathogen to come along can be stopped in its tracks. Where the bug goes after that he never explains. Presumably it just disappears. Like a computer virus, it exists but doesn’t ruin your harddrive. What are the historical examples of such a thing? There are none via avoidance, testing, contract tracing, and control of the human population. This theory of virus control – the notion that muscling the population makes a prevalent virus shrink into submission and disappear – is a completely new invention, the mechanization of a primitive instinct.

Smallpox occupies a unique position among infectious diseases as the only one affecting humans that has been eradicated. There are reasons for that: a stable pathogen, a great vaccine, and a hundred years of focused public health work. This happened not due to lockdowns but from the careful and patient application of traditional public-health principles. Can that same experience be repeated in every case? It’s worth investigating and thinking about. The reason is that the attempt to crush a respiratory virus through universal avoidance could be worse than allowing endemicity to it to develop throughout the population. Eradication is not the same thing as perpetual pathogenic avoidance. The former is great but the latter is deeply dangerous: the only thing more dangerous to human life than governments is a naive immune system. Gates’s plan, even if it had a chance of working which it does not, could create exactly that. Not to understand the difference is an egregious intellectual error.

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“Musk anticipates making thousands of new hires, swelling the ranks to around 11,000 employees, up from 7,500 currently.”

Elon Musk Plans To Fire 1,000 Twitter Staff, Quintuple Revenue (DM)

Elon Musk is planning to fire 1,000 staffers at Twitter as soon as his purchase of the social media platform is complete. It’s believed he will fire many of the firm’s woke staff following the transfer of ownership which will take around six months, after which Musk is likely to wield the ax. But then within the next three years, Musk anticipates making thousands of new hires, swelling the ranks to around 11,000 employees, up from 7,500 currently. Much of the new talent is likely to be in the field of engineering. Numbers at the company would fluctuate rising to 9,225 employees this year before falling to 8,332 in 2023. Then adding a further 2,700 workers by 2025.

Most of the jobs being shelved would occur during the takeover period, according to a pitch deck Musk presented this week to investors and seen by the New York Times. On a company level, Musk has previously floated the idea of closing down the San Francisco headquarters in order to save money and that board members may also not receive a salary, shaving off another $3 million in expenses. The changes Musk makes are part of his plan to increase Twitter’s annual revenue by five times current levels to $26.4 billion by 2028, up from $5 billion last year. Advertising on the platform is set to fall to 45% of total revenue under Musk, down from about 90% in 2020.

By 2028, he plans for ads to generate $12 billion in revenue in 2028, while subscriptions are expected to pull in another $10 billion, according to the report. Musk is said to favor a subscription-based model over advertiser funding, as it would make Twitter less beholden to advertiser pressure. He has even suggested users could pay with cryptocurrency, including joke currency Dogecoin which Musk has long had an affection for. Other revenue would come from businesses such as data licensing. Musk has also tweeted about potentially monetizing tweets, although he has not provided specific details. Musk also plans to see Twitter’s cash flow rise to $3.2 billion in 2025 and $9.4 billion in 2028.

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“Say what you will about Elon, he does have a large fanbase of ppl excited to work for him..”

Job Interest In Twitter Up 250% Since Elon Musk Moved To Take Over (Fortune)

Elon Musk cast Twitter’s future into uncertainty when he made a successful $44 billion bid to acquire the company last month. He will take over as temporary CEO once the deal is complete, CNBC reported Thursday morning. While countless Musk fans, and a slight majority of Americans—59%—approve of the takeover according to recent data from The Harris Poll, some current Twitter staff worry that it will dramatically change the company’s culture, and overall direction. It’s still unclear how a Musk-run Twitter might impact the company’s ability to retain current staff and recruit new employees. The company presented the takeover as a potential threat to its staffing abilities in an SEC filing Monday.

But at least casual interest in open positions at the company has skyrocketed since the Tesla billionaire showed serious interest in taking over the company. On Thursday, Daniel Zhao, a senior economist and data scientist at the job insights platform Glassdoor, tweeted that interest in job openings at the social media giant was up 263% between April 24 and April 30. In a statement to Fortune, Zhao clarified that interest is defined by the average daily clicks on Twitter job postings on the platform, compared to the average daily job clicks in a March 2022 baseline prior to the news breaking of Musk’s plans for the company. Though clicks do not necessarily correlate to actual job applications submitted, and likely reflect current media attention, the increase shows that people appear to be interested not just in the media story, but in work available at the company.

“Say what you will about Elon, he does have a large fanbase of ppl excited to work for him,” Zhao tweeted. “He’s much more likely to capitalize on that attraction as CEO than owner.” On Friday, Musk shared some of his own thoughts about hiring at Twitter, sharing Fortune’s reporting. “If Twitter acquisition completes, company will be super focused on hardcore software engineering, design, infosec & server hardware,” he tweeted on Friday morning. “I strongly believe that all managers in a technical area must be technically excellent. Managers in software must write great software or it’s like being a cavalry captain who can’t ride a horse!” he added.

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“mran Khan was a serious thorn in the side of the west because he kept impressing on Pakistanis that the Forever War in Afghanistan was militarily unwinnable.”

Terror from Balochistan (Escobar)

The suicide bomber was a woman, Shaari Baloch, alias Bramsh, who detonated her vest just as a van carrying Institute staff members approached the entrance. The attack was claimed by the BLA’s Majeed Brigade, which stressed that this was the first time they used a female suicide bomber. Shaari Baloch was a schoolteacher with a Zoology degree, enrolled to pursue a second Master’s degree, married to a dentist and professor at Makran Medical College in her hometown of Turbat, in southern Balochistan. Her three brothers include a doctor, a deputy director at a government-funded project, and a civil servant. So Shaari Baloch was far from being a mere destitute online-indoctrinated Salafi-jihadi.

[..] A Carnegie Institute report noted how “many Baloch nationalist leaders now come from the urbanized districts of Kech, Panjgur, and Gwadar (and to a lesser extent from Quetta, Khuzdar, Turbat, Kharan, and Lasbela). They are well connected to Karachi and Gulf cities, where tribal structures are non-existent. In fact, while there is violence all over the province, the insurgency seems to concentrate mainly in these urbanized areas.” Suicide bomber Shaari Baloch came from Turbat, the province’s second largest city, where the BLA is very much active. From the point of view of the usual suspects, these are choice assets, especially after the death of important tribal leaders such as Akbar Bugti. The report duly noted how “the educated and middle-class Baloch youth are in the forefront” of the insurgency.

The anti-China instrumentalization of the BLA also ties in with the regime-change parliament operation in Islamabad that recently deposed former prime minister Imran Khan, who was always a fierce adversary of the American “Forever War” in Afghanistan. Khan resolutely denied Pakistan’s use in “over the horizon” US military ops: that was one of the key reasons for him to be ousted. Now, with a pliant, Washington-approved, new regime in town, a miracle has just happened: the Pentagon is about to clinch a formal agreement with Islamabad to use Pakistani airspace to – what else – keep interfering in Afghanistan.

Beijing, as well as other members of the Shanghai Cooperation Organization (SCO), won’t be amused. Only weeks before the white coup, Khan had met with Chinese President Xi Jinping and once again underscored how Pakistan and China are “iron brothers.” Imran Khan was a serious thorn in the side of the west because he kept impressing on Pakistanis that the Forever War in Afghanistan was militarily unwinnable. He knew how all the proxies – including the BLA – that destabilized both Afghanistan and Pakistan for decades were, and continue to be, part of US covert operations.

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“Will America cough up “Joe Biden” like a hairball to get those trucks running again?”

Nausea Rules (Kunstler)

Europe, the old original homeland of Western Civ, isn’t just losing face, it’s blowing its head clean off going along with “Joe Biden’s” economic war. Are Germany, France, and the rest of that bunch really so dead-set on jamming Ukraine into NATO that they’re willing to go full medieval for it? By which I mean sitting in the cold and dark with empty plates. That’s a hard way to go just to prove somebody else’s point.

The war in Ukraine itself was apparently losing its sex appeal for the click-hungry news media. No matter which way The New York Times and friends tried to spin it, they failed to grok both Russia’s determination to neutralize Ukraine and its ability to get the job done, even if it takes a longer-than-expected grind to finish. That’s how important it was to Russia that Ukraine not become a forward missile base and bio-weapons lab for its adversaries. When that operation concludes, the West will be left economically crippled and humiliated — which are conditions that historically portend regime change. Will America cough up “Joe Biden” like a hairball to get those trucks running again? Might the Dems themselves resort to releasing the kraken known as Hunter’s laptop just to send the old grifter packing?

In the meantime, the leaked Roe v Wade cancellation ruling shoved the Ukraine fiasco offstage so as to provoke more useful histrionics for the dreaded midterm elections upcoming. The poorly-understood truth is that said ruling will only send the abortion question back to the individual states. But let’s get real: places like New York, Massachusetts, Maryland, and California are not going to enact any new anti-abortion laws, and that’s where most of the people having hebephrenic breakdowns over the issue live. Which is to say there’s little danger that the shrieking denizens of these Blue states will lack abortions. So, how much has the party only been pretending that Roe v Wade is its primal touchstone?

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“..the court has become a tragic anachronism in our age of rage: an institution that relied on the integrity and ethics of its members and staff..”

How Years of Attacks on the Court Created a “By Any Means” Mentality (Turley)

What is clear is that the court has become a tragic anachronism in our age of rage: an institution that relied on the integrity and ethics of its members and staff at a time when such values are treated as naive. It relied on justices and clerks alike remaining bound to the institution and to each other by a constitutional faith. But we are living in an age of constitutional atheism, so it is only surprising that it took this long. For years, politicians, pundits and academics have called for reckless political action against the court. Many Democrats in Congress have pledged to achieve political goals “by any means necessary,” including packing or gutting the court. Democratic leaders have hammered away at the court and its members, demanding that the court adhere to political demands or face institutional disaster.

The threats have grown increasingly raw and reckless as politicians sought to outdo each other in their attacks. In the age of rage, restraint is a lethal liability. The message has been repeated like a drumbeat: The ends justify the means. Recently, Roberts even went public with a warning over “inappropriate political influence” affecting the court. Yet, the day before this leak, the court itself defied critics who portrayed it as hopelessly and dysfunctionally divided with another unanimous decision. It ruled in a major case on speech that Boston could not discriminate against a religious organization that wanted to hoist a flag outside of its city hall. It spoke with one voice in defense of shared constitutional values.

Given the relentless calls from political leaders, we may have been naive to think that a staff member or clerk would not yield to the same “ends justify the means” rationale. Former Justice Louis Brandeis once warned that “Our government … teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.”

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Churchill.

Zelensky Critic Arrested in Spain on Orders of Ukrainian Government (SN)

A popular YouTuber and critic of President Zelensky was arrested in Spain at the behest of the Ukrainian government on charges of treason and faces extradition, despite publicly condemning Russia’s invasion of Ukraine. Yes, really. Anatoly Shariy, who has almost 3 million YouTuber subscribers, was detained on an international arrest warrant in a joint operation by Spanish and Ukrainian police, as well as international “partners,” according to the Ukrainian Security Service (SBU). They claim that Shariy has been acting on behalf of “foreign” forces by infringing Ukraine’s national security via his media commentary on the war and engaging in “incitement of hatred.” Shariy’s arrest “is more proof that every traitor of Ukraine will sooner or later receive his well-deserved punishment. It is inevitable,” the SBU asserted.


The blogger had previously been granted asylum by the EU in 2012 after fleeing persecution by the government of Viktor Yanukovich, who was pro-Russian. Despite condemning Russia’s invasion of Ukraine, Shariy’s criticism of Zelensky’s response was apparently enough for him to be targeted by Ukrainian authorities. Having had his passport seized, Shariy is now in Barcelona under a travel ban until a decision on his extradition to Ukraine is made. President Zelensky’s representative at the Constitutional Court said Shariy will “face a Ukrainian court and will be held liable in line with Ukrainian laws.” In response to his arrest, Shariy posted a picture of his wife feeding parrots in Barcelona, commenting, “This really is a comedy.” Shariy’s arrest once again puts to bed the idea that Ukraine is some kind of beacon of democracy, when its authorities treat dissidents exactly the same way dissidents are treated in Russia.

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The Whitmer case may have broad implications.

Jan. 6: 80 ‘Suspicious Actors’ and ‘Material Witnesses’ Under Scrutiny (ET)

Defense attorneys are seeking to identify and investigate 80 suspicious actors and material witnesses, some of whom allegedly ran an entrapment operation against the Oath Keepers on January 6, 2021, and committed crimes including the removal of security fencing, breaching police lines, attacking officers, and inciting crowds to storm into the Capitol. In a motion (pdf) and supplement (pdf) filed after 11 p.m. on May 5 in federal court in Washington, attorney Brad Geyer listed 80 people, some of whom he said could be government agents or provocateurs. The people are seen on video operating in a coordinated fashion across the Capitol grounds on January 6, the attorney alleged.

Geyer’s suggestion of an entrapment scheme will resonate with dozens of January 6 defense attorneys, coming shortly after two men were acquitted of an alleged plot to kidnap Michigan Gov. Gretchen Whitmer (D). There was a hung jury on charges against two other defendants. The jury in that case was allowed to consider FBI entrapment as a defense. Geyer, who represents Oath Keepers defendant Kenneth Harrelson, is seeking a court order from U.S. District Judge Amit Mehta compelling federal prosecutors to help identify the individuals and disclose whether they were working for law enforcement or any government agency on January 6. Geyer wrote that the information is exculpatory, which compels the government to produce it. Other Oath Keepers defendants are expected to join in the motion.

The May 5 filing comes on the heels of an April 12 Oath Keepers motion that alleged at least 20 “assets” from the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) were embedded in the crowds on January 6. According to the new filing, video evidence the defense gained access to only recently shows that some of the 80 people attacked police, other people, and members of the Oath Keepers; entered the Capitol on the west side “with apparent permission or acquiescence of government actors”; opened the Columbus Doors on the east side of the Capitol “from the inside, possibly with even further assistance of government actors”; and deployed “sophisticated crowd-behavior techniques,” orienting themselves between protesters and police.

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“This is the way disinformation is really exposed, not by some contrived government agency, but by evidence presented in court that gets at the truth of what happened,”

Ex-FBI Intel Chief: Clinton Campaign Used ‘Contrived Disinformation’ (JTN)

As the Biden administration pushes its new Disinformation Governance Board, the FBI’s former intelligence chief says he is now convinced Democrat Hillary Clinton’s 2016 campaign used “contrived disinformation” to try to mislead Americans into believing Donald Trump was a Russian asset. “This is more than just political dirty tricks,” retired Assistant Director for Intelligence Kevin Brock told the “Just the News, Not Noise” television show Wednesday. “Political dirty tricks usually have some foundation in truth. But they just made stuff up.” Brock, one of the bureau’s most respected former executives, said he has been impressed with the way Special Counsel John Durham has used the prosecution of former Clinton campaign lawyer Michael Sussmann to expose how the false Russia collusion narrative was constructed.

Sussmann, who has pleaded innocent and faces trial at the end of the month, is charged with lying to the FBI in fall 2016 when he denied he was acting on behalf of a client in bringing the bureau what turned out to be false allegations that Trump had a secret communications channel with the Kremlin. Durham has exposed recent evidence showing the Clinton campaign’s own researchers were skeptical of the allegation, which one described as a “red herring.” The underlying data permitted no more than an “inference” at best, according to another. Last week, prosecutors unveiled an email showing a journalist had told the campaign research team weeks before it approached the FBI that one of the Trump-Russia allegations was “bullshit.”

“This is the way disinformation is really exposed, not by some contrived government agency, but by evidence presented in court that gets at the truth of what happened,” Brock said of the prosecutor’s recent evidentiary filings in court. “What Durham is methodically doing, is laying out a case that the Hillary Clinton campaign, the Democrat Party used contrived disinformation in a conspiracy, in a conspiratorial way, to deceive the American voter ahead of the election.”

True the Vote

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“Special Counsel Robert Mueller, intelligence officials and Democrats misled the public about the hack.”

Claim Russians Hacked The DNC Could Have Relied On ‘Spoofed’ Data (Fed.)

The Georgia Tech cyber security experts ensnared in the Alfa Bank hoax conducted a retrospective analysis of the Democratic National Committee hack, according to the Department of Defense. While the results of that analysis have yet to be made public, internal documents obtained by The Federalist reveal that Georgia Tech’s computer scientists believed CrowdStrike’s approach to investigating computer intrusions relied on the use of easily “spoofed/impersonated” signals of traffic.

In June 2016, about one month before WikiLeaks released a trove of internal communiques revealing top DNC officials plotted to destroy Bernie Sanders’ presidential ambitions in favor of their preferred candidate, Hillary Clinton, the DNC publicly confirmed that its server had been hacked. In the Washington Post article breaking the story, the DNC maintained that the private security firm it had hired to investigate the hack, CrowdStrike, had concluded two Russian military intelligence groups, branded Cozy Bear and Fancy Bear, bore responsibility for the intrusions.

Given that Democrats and the media would later rely on CrowdStrike’s conclusion that Putin’s agents had hacked the DNC to support the Russia collusion hoax, those seeking to unravel Spygate paid particular attention to CrowdStrike’s initial assessment. The declassification of CrowdStrike President Shawn Henry’s December 2017 testimony before the House Intelligence Committee, that “there was no ‘concrete evidence’ that the emails were stolen electronically,” later raised more “questions about whether Special Counsel Robert Mueller, intelligence officials and Democrats misled the public” about the hack.

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A comment on “The Shanghai Lockdown: A Memetic Analysis”
by “Anonymous”

The Whole Planet Is a Pot And We’re All Frogs (Ugo Bardi)

Shanghai has always been seen as the most “civilized” city in China. Shanghai is often called Le Paris de l’Orient, it is an “international” first tier city… probably the top Chinese city in terms of openness, quality of life and access to medical care. Nobody expected to see such levels of insanity in Shanghai… in other areas of the country, yes, but not here. Looking at the conditions in the quarantine centers… Containers without doors in a field, tents set on a highway, toilets flooded with feces… open air zoo. They come take positive cases in big buses and ambulances almost daily. The police is patrolling streets at all times and we are unable to even set foot on the sidewalk. Every building that had a positive case is either: shut down with barriers OR has 1-2 men in a tent monitoring 24/7 (imagine all the manpower required.)

Currently there are 3-4 of those tents in my compound. It’s basically Martial Law. The psychological toll is quite high. The monetary one must be hard of lower classes. Some neighbors have mental breakdowns. Some people spray alcohol in the air while walking to get tested… You’d think the Plague is upon us. Some people were getting messages in group chat about “foreign spies” and “foreign media fueling anti-China conspiracies.” Good ol’ shift the blame tricks. I have been in lockdown since mid-March, got tested 35 times, and lost about 12 pounds. The local governmental commune gave us a little bit of food, but barely enough to survive.

Luckily we had some preps and were able to order some food. Now most delivery guys are not allowed to deliver to our address. We can get a bit of food, but we need to get imaginative to create new recipes (boiled/sweet and sour/spicy/fermented cabbage.) My take is: It could be a test for something much bigger (ie., war, energy crisis) or they are truly afraid of the unrest if lots of old people were to die. Chinese people tend to get emotional and the last thing the authorities want to deal with is mobs lynching doctors in the streets. Is the frog slowly boiling in the pot? I think so. Except the whole planet is pot and we’re all frogs.

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Ireland

 

 

 

 

Clare Daly
https://twitter.com/i/status/1522241094754443265

 

 

 

 

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

 

 

 

Apr 282022
 
 April 28, 2022  Posted by at 8:37 am Finance Tagged with: , , , , , , , , ,  24 Responses »


Robert Rauschenberg Buffalo II 1964

 

Russia Stops Gas Supplies to Poland and Bulgaria (CTH)
Russia Doubles Fossil Fuel Revenues Since Invasion Of Ukraine Began (G.)
Putin’s Main Assault Is Still To Come (Lieutenant-General Jonathon Riley)
Biden Admin Creates ‘Disinformation Governance Board’ Under DHS (PM)
DHS Will Establish Disinformation Board with Obvious Agenda (CTH)
Online Censorship of Ukraine Dissent Is Becoming the New Norm (MPN)
Twitter Workers Freaking Out Over Elon Musk In Internal Slack Messages (Ngo)
Obama Goes Full Orwell In Scary Stanford Speech (WND)
Republicans Want Answers From Garland On FBI’s Role In Whitmer Charges (Fox)
Mortgage Volume Gets Crushed by Spiking Interest Rates
Fauci Walks Back Comment About US No Longer Being In ‘Pandemic Phase’ (NYP)
CDC and FDA ‘Altered’ Covid Guidance, Findings Under Political Pressure (DM)
Fiction Disguised as Science to Promote Hatred (Byram Bridle)

 

 

 

 

Euro and yen are getting crushed, ruble is at 52-week high.

@TFMetals: Gold has now been attacked TWICE today in an attempt to manipulate it back under $1880. The first was in London and the second, even higher volume attack came during the first hour of Comex trading.

 

 

 

 

Biden Scott Ritter 2002

 

 

“Those who can make you believe absurdities; can make you commit atrocities” ~ Voltaire

 

 

“due to absence of payments in roubles”

Russia Stops Gas Supplies to Poland and Bulgaria (CTH)

At the same time as Russia has targeted railway lines as part of the effort to block U.S. arms shipments into Eastern Ukraine, Vladimir Putin has now followed through on the previous warning to stop Russian gas supplies unless payments are made in non-sanctioned Rubles. Poland is obviously the primary target for retaliation here, as the NATO alliance is using Poland as the gateway for arms deliveries into Ukraine. According to multiple reports from the EU Russia has halted gas shipments into Poland and Bulgaria. (Reuters) “Gazprom Russia’s gas export monopoly, suspended gas supplies “due to absence of payments in roubles”, as stipulated in a decree from Russian President Vladimir Putin that aims to soften the impact of sanctions.”


There are conflicting reports as to whether Germany is paying Russia, or whether they are trying to avoid running afoul of the NATO alliance by reducing Russian imports. Ukraine President Zelenskyy is using the opportunity to reinforce his position that all European countries need to stop purchasing energy from Russia, or else they are not supporting Ukraine. However, it’s not as simple as it seems because multiple EU countries are dependent on Russia for energy products and there are no immediate alternatives. Russia is leveraging this dependency in an effort to break the western sanctions.

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“Russia has effectively caught the EU in a trap where further restrictions will raise prices further..”

Russia Doubles Fossil Fuel Revenues Since Invasion Of Ukraine Began (G.)

Russia has nearly doubled its revenues from selling fossil fuels to the EU during the two months of war in Ukraine, benefiting from soaring prices even as volumes have been reduced. Russia has received about €62bn from exports of oil, gas and coal in the two months since the invasion began, according to an analysis of shipping movements and cargos by the Centre for Research on Energy and Clean Air. For the EU, imports were about €44bn for the past two months, compared with about €140bn for the whole of last year, or roughly €12bn a month. The findings demonstrate how Russia has continued to benefit from its stranglehold over Europe’s energy supply, even while governments have frantically sought to prevent Vladimir Putin using oil and gas as an economic weapon.


Even though exports from Russia have been reduced by the war and sanctions, the country’s dominance as a source of gas has meant cutting off supplies has only increased prices, which were already high because of tight supply as global economies recovered from the Covid-19 pandemic. Crude oil shipments from Russia to foreign ports fell by 30% in the first three weeks of April, compared with rates in January and February, before the invasion, according to the CREA data. But the higher prices Russia can now command for its oil and gas mean its revenues, which flow almost directly to the Russian government through state-dominated companies, have risen even while sanctions and export restrictions bite. Russia has effectively caught the EU in a trap where further restrictions will raise prices further, cushioning its revenues despite the best efforts of EU governments.

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Always a bit weird when western military “analyzes” Russia. Invariably they pretend to have a direct line into Putin’s brain.

Putin’s Main Assault Is Still To Come (Lieutenant-General Jonathon Riley)

IN spite of appearances and the beliefs of many, the main Russian assault in eastern Ukraine has not yet begun. Last Sunday, April 24, was Easter Sunday in the Russian Orthodox calendar; the feast lasts eight days until the commemoration of Our Lord’s second appearance to the Disciples after his resurrection and the confrontation with ‘doubting’ Thomas. Given Vladimir Putin’s well-documented devotion to the Orthodox religion, we might expect the main assault in eastern Ukraine to begin after that date. Ukrainian President Volodymyr Zelensky’s declaration that the offensive had begun was useful to Putin. It has caused both the Ukrainian people and the West to think that Russian forces are now fully committed. They are not. What has begun is the deep attack and the use of deception – two recycled Soviet techniques still in full use.

Deep attacks against infrastructure by air and missile strikes and on key targets, including stockpiles of Nato-supplied equipment, air defence systems, airfields and communications are now in progress. Preliminary artillery fire on close targets in the Donbas region is also certainly ongoing. In terms of deception, the Russians continue to be poised in the Black Sea threatening Odessa, but with probably insufficient forces to do more than this. However, it is clearly fixing Ukrainian attention, as the 5th (Reserve) Tank Brigade with its 90 T-72 main battle tanks has been moved there. For Putin, leaving Odessa as the only operational Ukrainian port will be a valuable bargaining chip once the Donbas operation is complete and he seeks to dictate a settlement. If a settlement is not achieved then this picture changes, more of which shortly.

So what can we expect to see when the main assault unfolds? First, combined arms assaults against Ukrainian regular forces in the Donbas and elsewhere on the eastern frontier to fix them. Zelensky’s statements that Ukrainian reserves are now being committed, including the 3rd (Reserve) Tank Brigade deploying to Izyum, and the 4th and 17th Tank Brigades deployed to Kharkov, may well be a bluff. If it is not, then such moves would be premature and play to the Russian script. That said, an encircling movement from Izyum to the south, on the western border of the Donetsk, would be a very clear indicator of the beginning of full offensive operations.

Operations in and around Mariupol will continue, but only to fix the attention of the West and its media. Mariupol is seen as the key to any corridor to the Crimea – but the route to the Crimea has been fully open since early March with the garrison of Mariupol confined to a small area and helpless to interfere.

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Here’s how nervous Elon Musk is making Washington.

Biden Admin Creates ‘Disinformation Governance Board’ Under DHS (PM)

The Department of Homeland Security is setting up a new board designed to counter misinformation related to homeland security, with a focus specifically on Russia and irregular migration. The board will be called the “Disinformation Governance Board, and will be headed by executive director Nina Jankowicz. Speaking with the House Appropriations DHS Subcommittee on Wednesday afternoon, DHS Secretary Alejandro Mayorkas said, “Our Undersecretary for Policy, Rob Silvers is co-chair with our Principal Deputy General Counsel, Jennifer Gaskell, in leading a just recently constituted misinformation disinformation governance board. So we’re bringing — the goal is to bring the resources of the department together to address this threat.”

Jankowicz was previously a disinformation fellow at the Wilson Center, and had advised the Ukrainian Foreign Ministry as part of the Fulbright Public Policy Fellowship, according to Politico. Jankowicz also oversaw Russia and Belarus programs at the National Democratic Institute. She announced the new Board via Twitter on Wednesday. Jankowicz has previously said that she was concerned that Twitter had determined early in 2022 to stop limiting speech from users about the 2020 presidential election, saying that “considering the long-term damage these lies do to our democracy,” she was “dismayed about this decision.”

Her view about elections, whether foreign or domestic, are that they “aren’t an end point,” but are “an inflection point,” and that the policies of social media companies as regards free speech “need to reflect that.” Jankowicz was an advisor to the government of Ukraine. She also stated her opinion that Hunter Biden’s laptop, the contents of which were reported by the New York Post, was Russian disinformation. This was entirely false. Jankowicz will be leading the charge against misinformation, of which she believed the laptop actually was an example. Jankowicz also does not appear to be a fan of free speech, saying that setting up free speech in opposition to censorship is “a false dichotomy.”

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This Nina Jankowicz, who will head the board, is herself a veritable disinformation engine.

DHS Will Establish Disinformation Board with Obvious Agenda (CTH)

I think we are now seeing the outlines of how the Fourth Branch of Government are planning to keep control over information, specifically public discussion on Big Tech platforms, even as Elon Musk moves to open the valves of information from the social media platform Twitter. Previously the Cybersecurity and Infrastructure Security Agency (CISA) announced a new Dept of Homeland Security priority to combat disinformation {LINK} on technology platforms including social media. Many eyebrows were raised as the announcement appeared to be an open admission that the U.S. government was going to control information by applying labels, that would align with allies in social media, who need a legal justification for censorship and content removal.


NOTE: The Republicans did NOT pay for the Steele dossier.

This CISA announcement was quickly followed by various government officials and agencies saying it was critical to combat Russian disinformation, as the events in Ukraine unfolded. In essence, Ukraine was the justification for search engines like Google, DuckDuckGo, and social media platforms like Twitter, Facebook, Instagram and YouTube to begin targeting information and content that did not align with the official U.S. government narrative. Previously those same methods were deployed by the U.S. government, specifically the CDC and FDA, toward COVID-19 and the vaccination program. All of this background aligns with the previous visibility of a public-private partnership between the bureaucracy of government, the U.S. intelligence agencies and U.S. social media. That partnership now forms the very cornerstone of the DHS/CISA effort to control what information exists in the public space. It is highly important that people understand what is happening.

[..] For two years the control mechanisms around information have been cemented by govt and Big Tech. Even the deployment of the linguistics around disinformation, misinformation and malinformation is all part of that collective effort. The collaboration between the government and Big Tech is not a matter for debate, it is all easily referenced by their own admissions. The current issue is how they are deploying the information controls. We have COVID-19, the vaccination effort and now Ukraine as examples of the collaboration to control information, to control what people are permitted to question and discuss on the internet. Now things are getting much more detailed, and more alarming.

Shortly after Elon Musk made a bid to purchase a single information platform, Twitter, and then expressed his intent to open the speech valves, former Obama administration intelligence officials wrote a letter warning about efforts to break up the information control by Big Tech and Social Media. That letter was shortly followed by a speech delivered by Obama himself where he specifically demanded that government take a larger role in the control of information, essentially promoting an Orwellian ‘Ministry of Truth’ to control information in the public sphere.

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See Covid. See Russiagate. Parites like the DNC, the MSM and the Twitter snowflakes have convinced themselves they have a god-given right to censorship.

Online Censorship of Ukraine Dissent Is Becoming the New Norm (MPN)

Google has sent a warning shot across the world, ominously informing media outlets, bloggers, and content creators that it will no longer tolerate certain opinions when it comes to Russia’s invasion of Ukraine. Earlier this month, Google AdSense sent a message to a myriad of publishers, including MintPress News, informing us that, “Due to the war in Ukraine, we will pause monetization of content that exploits, dismisses, or condones the war.” This content, it went on to say, “includes, but is not limited to, claims that imply victims are responsible for their own tragedy or similar instances of victim-blaming, such as claims that Ukraine is committing genocide or deliberately attacking its own citizens.”

This builds on a similar message Google’s subsidiary YouTube released last month, stating, “Our Community Guidelines prohibit content denying, minimizing or trivializing well-documented violent events. We are now removing content about Russia’s invasion in Ukraine that violates this policy.” YouTube went on to say that it had already permanently banned more than a thousand channels and 15,000 videos on these grounds. Journalist and filmmaker Abby Martin was deeply troubled by the news. “It is really disturbing that this is the trend that we are on,” she told MintPress, adding: It is a preposterous declaration considering that the victim is whoever we are told by our foreign policy establishment.

It really is outrageous to be told by these tech giants that taking the wrong side of a conflict that is quite complicated will now hurt your views, derank you on social media or limit your ability to fund your work. So you have to toe the line in order to survive as a journalist in alternative media today.” The most prominent victim of the recent banning spate has been Russian state media such as RT America, whose entire catalog has been blocked throughout most of the world. RT America was also blocked from broadcasting across the U.S., leading to the network’s sudden closure.

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“We’re all going through the five stages of grief in cycles and everyone’s nerves are frazzled..”

Twitter Workers Freaking Out Over Elon Musk In Internal Slack Messages (Ngo)

Leaked internal communications by Twitter employees reveal woke employees are overtaken by despair and anger about Elon Musk’s month-long effort to acquire Twitter. Musk announced he would purchase the company for $44 billion on Monday. The deal concludes a month-long saga that began with Musk first tweeting out polls and his thoughts about the decline of free speech on Twitter. On the business communication platform Slack, some Twitter employees vented against the new owner, leaked messages reveal. “Physically cringy watching Elon talk about free speech,” a site reliability engineer who identifies as a nonbinary transgender and plural person wrote.

“We’re all going through the five stages of grief in cycles and everyone’s nerves are frazzled,” wrote a senior staff software engineer who called Musk an “a**hole,” and tried to console his colleagues. “We’re all spinning our wheels, and coming up with worst case scenarios (Trump returns! No more moderation!). The fact is that [Musk] has not talked about what he’s planning on doing in any detail outside of broad sweeping statements that could be easily seen as hyperbolic showboating.” A senior staff video engineer announced he would be quitting, “Not the place to say it perhaps, but I will not work for this company after the takeover.”

Following the back-and-forth among multiple employees angry about the news, some warned that their communications on Slack could be searched. The employees then moved their conversations onto their personal devices using the encrypted chat application Signal. Twitter’s leadership appeared to predict an internal backlash and possible sabotage when it locked down the ability of its employees to make changes to the platform through Friday. Leading up to Monday’s deal, Twitter employees had already been venting for weeks on Slack about Musk and defending the platform’s moderation enforcement.

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“The way I’m going to evaluate?” Obama failed to explain in what capacity he gets to evaluate anything…”

Obama Goes Full Orwell In Scary Stanford Speech (WND)

A week ago Barack Obama let loose his inner fascist and gave an hour-long speech at Stanford University that deserved more attention than it got. “I’m pretty close to a First Amendment absolutist,” Obama told his audience and then spent the rest of the hour proving he is anything but. In fact, the Obama that emerges in this speech is one scary dude. The one sentence that most alarmed me began thusly, “The way I’m going to evaluate any proposal touching on social media and the internet is whether it strengthens or weakens the prospects for a healthy, inclusive democracy.” “The way I’m going to evaluate?” Obama failed to explain in what capacity he gets to evaluate anything. Does he expect to head the FCC or get appointed to the Supreme Court? Does he plan to engineer a Michelle Obama presidential bid? If any of these happens, God help us all.

The thrust of his speech was that “regulation has to be part of the answer” in combating online “disinformation.” As Obama made much too clear he and his pals get to determine what is and is not disinformation. The former president makes almost no attempt to hide his biases. A sentence that reads, “People like Putin and Steve Bannon, for that matter, understand it’s not necessary for people to believe this information in order to weaken democratic institutions” does not inspire a whole lot of confidence in the deplorable half of America. Nor does a sentence that reads, “There are still brand name newspapers and magazines, not to mention network news broadcasts, NPR [and] other outlets that have adapted to the new digital environment while maintaining the highest standards of journalistic integrity.”

Those “highest standards” included sustaining for three years the fiction that Donald Trump conspired with the Russians to steal the 2016 election and salvaging Joe Biden’s 2020 election victory, such as it was, by suppressing all news of Hunter Biden’s laptop under the pretext it was Russian disinformation. On the question of COVID, Obama insists, “People are dying because of misinformation.” He cites the refusal of 1 in 5 Americans to avoid “safe, effective vaccines” as proof of the same. Obama neglected to mention that more than a year into the COVID mania Gallup asked 35,000 Americans, “What are the chances someone with COVID must be hospitalized?” 41% of Democrats said more than 50%; another 28% of Democrats said 20 to 50%. The correct answer was 1-5%.

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“..that whole conspiracy that looks to be completely possibly led by the FBI, which is terrifying, and the comparison of what happened on January 6..”

Republicans Want Answers From Garland On FBI’s Role In Whitmer Charges (Fox)

Rep. Marjorie Taylor Greene, R-Ga., is seeking answers from the Justice Department (DOJ) on whether the FBI “entrapped” defendants in the Gov. Gretchen Whitmer kidnapping plot and whether the high-profile charges in Michigan were politically motivated to hurt former President Trump before the 2020 presidential election. Greene on Wednesday sent a letter to Attorney General Merrick Garland and FBI Director Christopher Wray that backs defense lawyer claims that four defendants charged with conspiring to kidnap Whitmer were steered by undercover FBI agents and informants. “The American people deserve a transparent justice system and law enforcement that keeps them safe, not entraps them in serious criminal activity in order to sway the outcome of a democratic election,” Greene and 11 other GOP lawmakers wrote in a letter obtained by Fox News Digital.

After a 20-day trial, two of the four men were acquitted on April 8 of a conspiracy to kidnap Whitmer. Jurors couldn’t reach a verdict on charges against two other defendants, resulting in a mistrial. Their lawyers alleged entrapment, and the federal judge in the case allowed jurors to consider whether the FBI engaged in the prohibited practice of cajoling or tricking individuals into committing crimes. Prosecutors sought to show that the defendants were talking about the kidnapping plot before the FBI sting with one defendant posting a video saying, “We need to use brutal force against the government” in 2019, months before he met any agents or informants. In May 2020, another defendant was talking about “hanging” the governor.

[..] In an interview with Fox News Digital, Greene sought to make a link between FBI “entrapping” the Whitmer defendants and the Jan. 6 assault on the Capitol. She questioned whether the FBI had any involvement or knowledge of those who broke into the Capitol and disrupted the House and Senate proceedings to certify President Biden’s Electoral College win. “The comparison of the two incidents, that’s what most people are just really concerned about – between Governor Whitmer and that whole conspiracy that looks to be completely possibly led by the FBI, which is terrifying, and the comparison of what happened on January 6,” Greene said.

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When is it time to bail out banks?

Mortgage Volume Gets Crushed by Spiking Interest Rates

Spiking mortgage rates multiply the effects of exploding home prices on mortgage payments, and it has taken layer after layer of homebuyers out of the market for the past four months. And we can see that. Mortgage applications to purchase a home fell further this week and were down 17% from a year ago, hitting the lowest level since May 2020, according to the Mortgage Bankers Association’s weekly Purchase Index today. The index is down over 30% from peak-demand in late 2020 and early 2021, which was then followed by the historic price spikes last year.

“The drop in purchase applications was evident across all loan types,” the MBA’s report said. “Prospective homebuyers have pulled back this spring, as they continue to face limited options of homes for sale along with higher costs from increasing mortgage rates and prices. The recent decrease in purchase applications is an indication of potential weakness in home sales in the coming months.” The culprit of the plunge in volume: The toxic mix of exploding home prices and spiking mortgage rates. The average interest rate for 30-year fixed rate mortgages with 20% down and conforming to Fannie Mae and Freddie Mac limits, jumped to 5.37%, the highest since August 2009, according to the Mortgage Bankers Association’s weekly measure today.

The mortgage on a home purchased a year ago at the median price (per National Association of Realtors) of $326,300, and financed with 20% down over 30 years, at the average rate at the time of 3.17%, came with a payment of 1,320 per month. The mortgage on a home purchased today at the median price of $375,300, and financed with 20% down, at 5.37% comes with a payment of $1,990. So today’s buyer, already strung out by rampant inflation in everything else, would have to come up with an extra $670 a month – that represents a 50% jump in mortgage payments – to buy the same house. Now figure this with homes in the more expensive areas of the country where the median price, after the ridiculous spikes of the past two years, runs $500,000 or $1 million or more. Homebuyers are facing massively higher mortgage payments in those markets.

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“A day later, after his comments made headlines worldwide, Fauci was singing a different tune.”

Fauci Walks Back Comment About US No Longer Being In ‘Pandemic Phase’ (NYP)

Dr. Anthony Fauci walked back his comment that the US was no longer in the “pandemic phase” of COVID-19 — the latest jumbled messaging from President Biden’s chief medical adviser on the coronavirus. Biden administration officials and Fauci were scrambling Wednesday to emphasize that the country is still in the midst of a pandemic and that emergency measures are still needed after Fauci told PBS the precise opposite. “Here we are. It’s the end of April. It’s the spring of 2022. How close are we to the end of the pandemic?” Judy Woodruff of “PBS NewsHour” asked Fauci Tuesday. “We are certainly, right now, in this country out of the pandemic phase,” Fauci replied.

“Namely, we don’t have 900,000 new infections a day and tens and tens and tens of thousands of hospitalizations and thousands of deaths. We are at a low level right now. “So, if you’re saying, are we out of the pandemic phase in this country, we are,” he added. A day later, after his comments made headlines worldwide, Fauci was singing a different tune. “We are in a different moment of the pandemic,” Fauci told the Associated Press Wednesday. The US has “decelerated and transitioned into more of a controlled phase” after a winter surge, he added. “By no means does that mean the pandemic is over,” Fauci said in his 180-degree turnabout.

He told the Washington Post Wednesday: “The world is still in a pandemic. There’s no doubt about that. Don’t anybody get any misinterpretation of that.” White House Press Secretary Jen Psaki fielded a question during her daily press briefing over why emergency measures are still needed if the “pandemic phase” is over. “Well, what Dr. Fauci was saying is that we are in a different phase of this pandemic, and that’s absolutely true,” Psaki said, adding that the level of hospitalizations and deaths has come down.

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What a surprise!

CDC and FDA ‘Altered’ Covid Guidance, Findings Under Political Pressure (DM)

CDC and FDA officials ‘altered’ Covid guidance and even ‘suppressed’ findings related to the virus due to political pressure, a bombshell report suggests. Investigators from the watchdog Government Accountability Office (GAO) spoke to more than a dozen directors and managers who worked at the agencies behind the country’s pandemic guidance. They unearthed allegations of ‘political interference’ in scientific reports, raising fears that research was tampered with. In its 37-page report, the GAO warned that neither agency had a system in place for reporting allegations of political interference. It also said they had failed to train staff how to spot and report this. Whistleblowers said they did not speak up at the time for fear of retaliation, because they were unsure how to report the issues or believed leaders were already aware.

This is just the latest in a growing patchwork of reports suggesting politicians influenced ‘scientific’ papers during the pandemic for their own ends. On Tuesday, the Biden administration’s top medical adviser Dr Anthony Fauci declared the U.S. is now ‘out of the pandemic phase’ of Covid, citing low cases and hospitalizations. But health experts were quick to question the claim — buried at the end of an interview with PBS’ NewsHour — suggesting he may have bungled his words and should only have said the nation was in a phase of ‘low hospitalizations’. ‘A few respondents from CDC and [Food and Drug Administration] FDA stated they felt that the potential political interference they observed resulted in the alteration or suppression of scientific findings,’ GAO investigators wrote in the report.

‘Some of these respondents believed that this potential political interference may have resulted in the politically motivated alteration of public health guidance or delayed publication of Covid-related scientific findings.’ The GAO report published last week looked into the two agencies, alongside the National Institutes of Health (NIH) — America’s top research institution— and the Office of the Assistant Secretary for Preparedness and Response (ASPR) — in charge of natural disaster response. All are part of the Department of Health and Human Services (HHS), which in February was branded as at ‘high risk’ for fraud, mismanagement and abuse by the GAO in a separate report.

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“We thought what was missing from that conversation was, what are the rights of vaccinated people to be protected from unvaccinated people?”

Fiction Disguised as Science to Promote Hatred (Byram Bridle)

The legacy media has been like pigs at a trough today and yesterday with the publication of an atrocious ‘peer-reviewed’ ‘scientific’ article by Dr. David Fisman, Dr. Ashleigh Tuite, and a graduate student. After all, with raw public health data unable to support the only COVID-19 narrative that has been deemed acceptable, fresh fuel was apparently needed. Lots of media outlets have been reporting on this study; one of them being CTV News. Here is the headline for their article: “Being with unvaccinated people increases COVID-19 risk for those who are vaccinated: modelling study” This kind of messaging will only fuel hatred and segregation and the potential development of harmful policies. And it is all in the name of bad science.

As a researcher who has published and reviewed many scientific papers, I can tell you that the article by Fisman, et al. is the worst one that I have ever seen. The ‘peer reviewers’ of this article should be ashamed of themselves for allowing this to be published, and the editor even more so. If the Canadian Medical Association Journal does not promptly retract this article, they will have made themselves an embarrassment among scientific publishers. This paper by Fisman, et al. is only thinly veiled hate speech under the guise of science. Before I walk you through the numerous massive errors in this paper, let me first show you one example of the messaging regarding the impact and relevance of the paper.

Fisman was quoted by CTV News as saying “We thought what was missing from that conversation was, what are the rights of vaccinated people to be protected from unvaccinated people?”. The only reason why Fisman is trying to turn people against other people is due to the abject failure of the COVID-19 ‘vaccines’ to function like vaccines. That is to say that the purpose of a vaccine is to protect people from a pathogen; to prevent both the disease and transmission of the causative agent. Such a medical product does not require one to pit people against people. Fisman has inappropriately labelled critically thinking people as an enemy when the actual culprits are SARS-CoV-2 and overly rushed jabs of exceptionally poor quality and highly questionable safety that have been pushed as the sole solution at the expense of all others.

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@TexasLindsay has a whole series of these “animations”, for many countries. This is Greece.
https://twitter.com/i/status/1519028584345710594

 

 

 

 

 

 

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Sep 042018
 
 September 4, 2018  Posted by at 9:04 am Finance Tagged with: , , , , , , , , , ,  8 Responses »


Edward S. Curtis Lucille, Dakota Sioux 1907

 

Department of Homeland Security Lied About Russia Hacking US Voter Sites (CN)
Housing Bubble Pops in Sydney & Melbourne
Sydney, Melbourne Have Zero Cashflow Positive Suburbs Left (News.com.au)
Europe’s News Agencies Blast Google, Facebook For ‘Plundering’ Content (AFP)
The Emerging Market Crisis Is Back. And This Time It’s Serious (CNBC)
Bringing Up The Bodies in Emerging Markets (Napier)
Brexit Is The Wrong Diagnosis Of A Real Crisis (LSE)
China Says It Is Helping Africa Develop, Not Accumulate Debt (R.)
The Uncomfortable Hiatus (Kunstler)
Brazil Court Lifts Ban On Monsanto’s Glyphosate Weedkiller (AFP)

 

 

Read this excellent piece by Gareth Porter and you’ll never believe another single word about meddling. DHS made it all up, because it wanted to be the no. 1 cybersecurity unit in the US.

Department of Homeland Security Lied About Russia Hacking US Voter Sites (CN)

The narrative of Russian intelligence attacking state and local election boards and threatening the integrity of U.S. elections has achieved near-universal acceptance by media and political elites. And now it has been accepted by the Trump administration’s intelligence chief, Dan Coats, as well. But the real story behind that narrative, recounted here for the first time, reveals that the Department of Homeland Security (DHS) created and nurtured an account that was grossly and deliberately deceptive. DHS compiled an intelligence report suggesting hackers linked to the Russian government could have targeted voter-related websites in many states and then leaked a sensational story of Russian attacks on those sites without the qualifications that would have revealed a different story.

When state election officials began asking questions, they discovered that the DHS claims were false and, in at least one case, laughable. The National Security Agency and special counsel Robert Mueller’s investigating team have also claimed evidence that Russian military intelligence was behind election infrastructure hacking, but on closer examination, those claims turn out to be speculative and misleading as well. Mueller’s indictment of 12 GRU military intelligence officers does not cite any violations of U.S. election laws though it claims Russia interfered with the 2016 election.

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“With impeccable timing, there is a flood of new condos expected to be completed over the next two years..”

Housing Bubble Pops in Sydney & Melbourne

In Sydney, breeding ground for one of the world’s biggest housing bubbles, prices of single-family houses dropped 7.3% in August, compared to a year earlier. Prices of “units” — condos in US lingo — fell 2.2% year-over-year. Price declines were the sharpest at the high end, with prices down 8.1% in the most expensive quarter of home sales. Prices of all types of homes combined fell 5.6%, according to CoreLogic’s Daily Home Value Index. The index is down 5.8% from its peak last September:

Melbourne, where the inflection point has been lagging a few months behind Sydney’s, is in the process of catching up. Over the three month-period, June-August, prices fell 2.0%, making Melbourne the weakest housing market among the capital cities. By segment, house prices fell 2.7% from a year ago while condo prices still inched up 1.5%. At the most expensive quarter of sales, prices fell 5.2% from a year ago. For all types of dwellings combined, prices declined 1.7% year-over-year, to the lowest level since early June 2017, according to CoreLogic. Prices are down 3.6% from their peak at the end of November 2017:

[..] With impeccable timing, there is a flood of new condos expected to be completed over the next two years, something avid crane-counters in Sydney and Melbourne have been swearing for a while. Here are some of these astounding numbers that CoreLogic estimates based on data it collected from the industry: Greater Sydney: In 2019: 31,500 new condos are scheduled to be completed. In 2020, another 45,500 condos are expected to be completed. This brings the two-year total of new condos to 77,000 units, which will increase the total stock of condos by 9.3%! Greater Melbourne: The oncoming flood of new condos is expected to reach 29,000 units in 2019 and nearly 50,000 units in 2020. Over the two years, this will increase the total stock of condos by nearly 79,000 units, or by 11.5%!

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“Even property investors have been priced out of the market.”

Sydney, Melbourne Have Zero Cashflow Positive Suburbs Left (News.com.au)

Even property investors have been priced out of the market. There are “currently no suburbs” in Sydney, Melbourne or Canberra where an investor can buy a detached house and expect it to be cashflow positive with a deposit of 20 per cent or less, according to an analysis by Propertyology. Releasing a list of the country’s “best capital city cash cow suburbs”, the research firm said buyers would have to travel to the Central Coast, 100km from the Sydney CBD, before finding an investment property with decent cashflow. Even then, a median-priced $490,000 house in Lake Munmorah — the least worst “Sydney” suburb identified in Propertyology’s list — will leave the investor $3093 out of pocket.

“Victoria paints a similar picture, with greater Melbourne’s best locations for cash flow investors within the municipality of Melton — 40km northwest of the CBD,” Propertyology head of research Simon Pressley said in a statement. It comes as CoreLogic figures showed national dwelling values fell for the 11th consecutive month in August, led by weakness in the two major capitals that comprise about 60 per cent of Australia’s housing market by value. Negatively geared properties — when the rental return is less than the interest payments and other costs — are “okay when you’re getting 10 per cent capital growth year in, year out”, said AMP Capital chief economist Dr Shane Oliver.

But investors now face falling house prices, rising interest rates, tighter lending conditions and the possibility of a future Labor government cracking down on negative gearing and capital gains tax breaks. “The equation gets more complicated,” Dr Oliver said.

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Getting rich off of other people’s work.

Europe’s News Agencies Blast Google, Facebook For ‘Plundering’ Content (AFP)

Europe’s biggest news agencies accused Google and Facebook of “plundering” news for free on Tuesday in a joint statement that called on the internet giants to share more of their revenues with the media. In a column signed by the CEOs of around 20 agencies including France’s Agence France-Presse, Britain’s Press Association and Germany’s Deutsche Presse-Agentur they called on the European Parliament to update copyright law in the EU to help address a “grotesque imbalance”. “The internet giants’ plundering of the news media’s content and of their advertising revenue poses a threat both to consumers and to democracy,” the column said.

European Parliament lawmakers are to set to debate a new copyright law this month that would force the internet giants to pay more for creative content used on their platforms such as news, music or movies. A first draft of the law was rejected in July and the plans have been firmly opposed by US tech firms, as well as advocates of internet freedom who fear that the regulations could lead to higher costs for consumers. “Can the titans of the internet compensate the media without asking people to pay for access to the internet, as they claim they would be forced to? The answer is clearly ‘yes’,” the column said. The joint statement from the agencies, which are major suppliers of news, photos and video, said Facebook reported revenues of $40 billion (34 billion euros) in 2017 and profits of $16 billion, while Google made $12.7 billion on sales of $110 billion.

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Been here before. This time is wider and deeper.

The Emerging Market Crisis Is Back. And This Time It’s Serious (CNBC)

Markets have a very short attention span. Like babies, they move on quickly from one toy, or in this case an event, to another. For instance, markets seem to have moved on from the formation of the “Fragile Five,” a group of countries that suffered heavily when the U.S. Federal Reserve started to roll back its bond-buying program in 2013. Made up of Brazil, India, Indonesia, Turkey and South Africa, this group was marked by heavy currency depreciation, high current account deficits and political instability at home. The slump in commodity prices and fears of a Chinese slowdown kept the pressure on these economies. However, they have started to see a comeback; in India and Indonesia, for example, a change in government has led to political and economic reforms.

Investors started crowding this space and inflows into funds with exposure to these markets increased. But markets are feeling a sense of deja vu. Blame it on a stronger dollar, escalating tensions since President Donald Trump came to power, worries over a full-fledged trade war with China or rising interest rates in the U.S., this time around the crisis seems to have entered a new phase. The damage is far more widespread. The crisis has engulfed countries across the globe — from economies in South America, to Turkey, South Africa and some of the bigger economies in Asia, such as India and China. A number of these countries are seeing their currency fall to record levels, high inflation and unemployment, and in some cases, escalating tensions with the United States.

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“..the rise of the rule of man begins to squeeze out the rule of law..”

Bringing Up The Bodies in Emerging Markets (Napier)

Investors brought up in the developed world take for granted the stability and continuation of the rule of law. They expect it to be as available and constant as air. Anyway, what role can a consideration of the rule of law play in trying to obtain index beating quarterly returns? It is this myopia and not the myopia associated with the short-term dumping of assets, because they are labelled ‘emerging markets’, that is particularly dangerous. The history of emerging markets is the history of populism, the real populism that subverts human rights and property rights. On the rise in emerging markets, this populism is resulting in a growing exodus of what are now very large sums, even in global terms, of local savings.

It is the shift in local savings, more so than foreign savings, that is pushing emerging market exchange rates to ever lower levels. It is not the flighty financial capital seeking slightly better interest rate differentials that departs in situations like this. It is the financial capital that funds development and growth that flees, as the rise of the rule of man begins to squeeze out the rule of law. The loss of such capital has profound long-term economic impacts. There is a key reason why the strong men are on the rise and the rule of law on the decline: the world is failing to inflate away its debts. Even before we invented paper money, there was a well recognized method of inflating away debts.

Perhaps most famously Henry VIII’s so-called great debasement (1544-1551) inflated away the excessive debts run up to fund wars with France and Scotland, as well as a bit of lavish spending by the king himself. Your analyst meets investors almost every day who believe that inflation is currently playing a similar role. However, such an assertion ignores the fact that the global non-financial debt to GDP ratio is now 244% up from what seemed a dangerous level of 210% of GDP as the global economy peaked in December 2007.

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A nation that hasn’t moved in decades.

Brexit Is The Wrong Diagnosis Of A Real Crisis (LSE)

The Leave campaign in 2016 had a lot in common with the 1979 Conservative election manifesto. Both evoked the threat of a bureaucratic super-state and something approaching a conspiracy of that state against the public. Both promised to rescue a Greater Britain from the conspiratorial political forces that were holding it back. Both campaigns were a misdiagnosis of the real crisis at hand. This time we face a crisis of ungovernability potentially far more severe than that of the 1970s; but its roots are less in Europe than in the failures of the homegrown neoliberal reforms of the British state.

The last three decades of state reform in Western democracies have aggravated rather than resolved the social divisions that emerged with de-industrialisation. Over the last thirty years, liberal market economies in general and the UK in particular have transformed the character of their states through privatization and outsourcing, through the development of quasi markets in welfare, and the rejection of industrial policies. At the same time, permissive tax and regulatory regimes have encouraged large corporations to opt out of their former social obligations in the name of maximising shareholder value.

The ‘supply-side revolution’ of the last thirty years was driven by the dominant New Right diagnosis of the economic crises of the 1970s and based on the radical public choice economics aligned with the Chicago and Virginia schools. According to this diagnosis it was the state that was primarily responsible for the end of the post-war ‘golden age of growth’ because of its inhibition of the market. Thus, according to the New Right and later New Labour too, it wasn’t technological change, or de-industrialisation in the face of emerging markets, it wasn’t the Nixon shock, or the end of Bretton Woods, nor rising exchange rate instability, it wasn’t stagflation or the oil crises that had confronted the country with a need to re-evaluate its production regime. It was the state. And so it was the state, above all else, that had to be transformed.

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But still there’s “A wave of African nations seeking to restructure their debt with China”. Care to explain?

China Says It Is Helping Africa Develop, Not Accumulate Debt (R.)

China is helping Africa achieve development, not accumulate debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing. Chinese President Xi Jinping on Monday pledged funds of $60 billion to African nations at the opening of the Forum for China-Africa Cooperation, matching the size of the financing package offered at the last summit in Johannesburg in 2015. A wave of African nations seeking to restructure their debt with China has served as a reality check for Beijing’s relationship with the continent, though most countries still see Chinese lending as the best bet to develop their economies.

“If we take a closer look at these African countries that are heavily in debt, China is not their main creditor,” China’s special envoy for Africa, Xu Jinghu, told a news conference. “It’s senseless and baseless to shift the blame onto China for debt problems.” China would carefully choose projects that avoid causing debt problems when pushing forward with Xi’s pledges to Africa, she added. “When we cooperate with African countries we will conscientiously and fully carry out feasibility studies, to choose which projects can go ahead. These projects will take into account their development prospects so as to help African countries achieve sustainable development and avoid debt or financial problems.”

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“The shale oil “miracle” was a stunt enabled by supernaturally low interest rates..”

The Uncomfortable Hiatus (Kunstler)

Energy: The shale oil “miracle” was a stunt enabled by supernaturally low interest rates, i.e. Federal Reserve policy. Even The New York Times said so yesterday (The Next Financial Crisis Lurks Underground). For all that, the shale oil producers still couldn’t make money at it. If interest rates go up, the industry will choke on the debt it has already accumulated and lose access to new loans. If the Fed reverses its current course — say, to rescue the stock and bond markets — then the shale oil industry has perhaps three more years before it collapses on a geological basis, maybe less. After that, we’re out of tricks. It will affect everything. The perceived solution is to run all our stuff on electricity, with the electricity produced by other means than fossil fuels, so-called alt energy.

This will only happen on the most limited basis and perhaps not at all. (And it is apart from the question of the decrepit electric grid itself.) What’s required is a political conversation about how we inhabit the landscape, how we do business, and what kind of business we do. The prospect of dismantling suburbia — or at least moving out of it — is evidently unthinkable. But it’s going to happen whether we make plans and policies, or we’re dragged kicking and screaming away from it. Corporate tyranny: The nation is groaning under despotic corporate rule. The fragility of these operations is moving toward criticality. As with shale oil, they depend largely on dishonest financial legerdemain. They are also threatened by the crack-up of globalism, and its 12,000-mile supply lines, now well underway. Get ready for business at a much smaller scale.

Hard as this sounds, it presents great opportunities for making Americans useful again, that is, giving them something to do, a meaningful place in society, and livelihoods. The implosion of national chain retail is already underway. Amazon is not the answer, because each Amazon sales item requires a separate truck trip to its destination, and that just doesn’t square with our energy predicament. We’ve got to rebuild main street economies and the layers of local and regional distribution that support them. That’s where many jobs and careers are.

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In the most corrupt places on earth, Monsanto can do what it wants.

Brazil Court Lifts Ban On Monsanto’s Glyphosate Weedkiller (AFP)

An appellate court on Monday lifted a court-ordered suspension of licenses in Brazil for products containing glyphosate, an industrial weedkiller in common use in Latin America’s agricultural powerhouse. Federal appeals court judge Kassio Marques ruled that “nothing justified” the suspension by a lower court, saying it had been abruptly imposed “without previous analysis of the grave impact it would have on the country’s economy and on production in general.” The suspension, which had been ordered August 3 by a federal judge in Brasilia, was supposed to go into effect on Monday until a “toxicological re-evaluation” of all products containing glyphosate could be completed by Brazil’s sanitary authority.

The ban also was to have extended to products containing the chemicals thiram and abamectin. Glyphosate is used in weedkillers like Roundup, made by Monsanto, whose parent company Bayer had urged that the ban be scrapped. Bayer hailed the suspension as “very good news for Brazilian farmers.” It comes just weeks after a jury in California ordered Monsanto to pay $289 million to a dying former school groundskeeper for failing to warn him of the risk that Roundup might cause cancer.

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Feb 252017
 
 February 25, 2017  Posted by at 9:31 am Finance Tagged with: , , , , , , , , ,  4 Responses »


Dorothea Lange Saturday afternoon, Pittsboro, North Carolina 1939

 

Trump An ‘Idiot’ On China, ‘No Clue What Currency Manipulation Means’ (CNBC)
The Fiscal Horror Show Playing Soon in Washington (Stockman)
Homeland Security Report Disputes Threat From 7 Banned Nations (AP)
Multiple News Outlets Denied Access To White House Press Briefing (G.)
Tsipras Says The Era Of Austerity In Greece Is Over (AP)
Transcript Of IMF Press Briefing Thursday, February 23, 2017 (IMF)
Toronto Housing Market May Need Vancouver-Style Cooling (BBG)
Just As Neoliberalism Is Finally On Its Knees, So Too Is The Left (G.)
Documents Indicate Germany Spied on Foreign Journalists (Spiegel)
Surgeons Should Not Look Like Surgeons (NN Taleb)

 

 

From one of Reagan’s main economic advisers.

Trump An ‘Idiot’ On China, ‘No Clue What Currency Manipulation Means’ (CNBC)

President Donald Trump may think the Chinese are the “grand champions” of currency manipulation, but he’s wrong, expert John Rutledge told CNBC on Friday. “Trump is an idiot on this. He has no clue what currency manipulation means,” the chief investment officer of global investment firm Safanad said in an interview with “Closing Bell.” During the campaign, Trump accused China of keeping its yuan currency artificially low against the U.S. dollar to make Chinese exports cheaper, “stealing” American manufacturing jobs. On Thursday, the president told Reuters he has not “held back” in his assessment, despite not acting on a pledge to declare the country a currency manipulator on his first day in office. “Well they, I think they’re grand champions at manipulation of currency. So I haven’t held back,” Trump said. “We’ll see what happens.”

However, earlier Thursday Treasury Secretary Steve Mnuchin told CNBC he wasn’t ready to pass judgment on China’s currency practices. “We have a process within Treasury where we go through and look at currency manipulation across the board. We’ll go through that process. We’ll do that as we have in the past. We’re not making any judgments until we continue that process,” he told “Squawk Box.” Rutledge, who was one of the principal architects of President Ronald Reagan’s economic plan, said China is actually trying to support its currency. “Chinese authorities have actually sold a trillion dollars’ worth of foreign reserves in the last year to support their currency that’s trying to fall because Chinese nationals are trying to get their money out of China,” he said. That is anti-manipulation.”

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It’s all about the debt ceiling.

The Fiscal Horror Show Playing Soon in Washington (Stockman)

The Deep State’s coup against Donald Trump is palpable. So count it as another element of reality to which Wall Street and its raging robo-machines and day traders are blind as bats. After all, they are essentially “pricing-in” the most successful presidency in modern times on the economic front. The Trump Stimulus was even supposed to be “in like Flynn” in time to boost corporate earnings materially in 2017. But it has already transpired that the Flynn in question was named Mike, not Errol; and the conquest was not that of a swashbuckling outsider who quickly had his way with the Imperial City, but the doings of resident swamp creatures bent on turning back the Donald’s unwelcome challenge.

So in a matter of weeks or months at most, Trump will be struggling to survive, while the giant fiscal stimulus that has Wall Street all bulled-up will amount to a heap of ruins scattered about a debilitating political war zone on Capitol Hill. I never thought the vaunted Trump tax cut and infrastructure boom would see the light of day in their own right, of course, because the Donald is caught in an inherited debt trap that he does not yet even dimly appreciate. Yet with each passing day, the magnitude of the trap materially enlarges. As of the Daily Treasury Statement for February 17, for example, the public debt was $19.895 trillion compared to $18.99 trillion on the same date a year ago. When you factor in a slight gain in the Treasury’s cash balance to $262 billion, the math speaks for itself.

During the past year Uncle Sam’s “cash burn rate” was nearly $75 billion per month. That means Washington actually consumed $885 billion of cash during the last 365 days — or far more than implied by the official budget deficit of $587 billion for the fiscal year just ended (FY 2016). It also means that once the tax collection season ends in April, it will be Katie-bar-the-door time on the debt ceiling front. When the latter becomes frozen into place on March 15 after the insidious Boehner-Obama debt ceiling “holiday” expires, there will not be enough cash to last the summer — even if the Treasury resorts to the usual gimmicks, such as temporarily divesting the trust funds. So let this part be crystal clear. What is coming down the track is the mother of all debt ceiling showdowns and the virtual certainty of government shutdowns and deferred payments to states, contractors and even some transfer payment beneficiaries.

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Funny, but not new. They can always deflect criticism be saying it was an Obama list.

Homeland Security Report Disputes Threat From 7 Banned Nations (AP)

Analysts at the Homeland Security Department’s intelligence arm found insufficient evidence that citizens of seven Muslim-majority countries included in President Donald Trump’s travel ban pose a terror threat to the United States. A draft document obtained by The Associated Press concludes that citizenship is an “unlikely indicator” of terrorism threats to the United States and that few people from the countries Trump listed in his travel ban have carried out attacks or been involved in terrorism-related activities in the U.S. since Syria’s civil war started in 2011. Trump cited terrorism concerns as the primary reason he signed the sweeping temporary travel ban in late January, which also halted the U.S. refugee program. A federal judge in Washington state blocked the government from carrying out the order earlier this month.

Trump said Friday a new edict would be announced soon. The administration has been working on a new version that could withstand legal challenges. Homeland Security spokeswoman Gillian Christensen on Friday did not dispute the report’s authenticity, but said it was not a final comprehensive review of the government’s intelligence. “While DHS was asked to draft a comprehensive report on this issue, the document you’re referencing was commentary from a single intelligence source versus an official, robust document with thorough interagency sourcing,” Christensen said. “The … report does not include data from other intelligence community sources. It is incomplete.”

The Homeland Security report is based on unclassified information from Justice Department press releases on terrorism-related convictions and attackers killed in the act, State Department visa statistics, the 2016 Worldwide Threat Assessment from the U.S. intelligence community and the State Department Country Reports on Terrorism 2015. The three-page report challenges Trump’s core claims. It said that of 82 people the government determined were inspired by a foreign terrorist group to carry out or try to carry out an attack in the United States, just over half were U.S. citizens born in the United States. The others were from 26 countries, led by Pakistan, Somalia, Bangladesh, Cuba, Ethiopia, Iraq and Uzbekistan. Of these, only Somalia and Iraq were among the seven nations included in the ban.

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It’s one way to change the conversation. C’mon, guys, you’ll be let back in soon.

Multiple News Outlets Denied Access To White House Press Briefing (G.)

The White House barred several news organizations from an off-camera press briefing on Friday, handpicking a select group of reporters that included a number of conservative outlets friendly toward Donald Trump. The “gaggle” with Sean Spicer, the White House press secretary, took place in lieu of his daily briefing and was originally scheduled as an on-camera event. But the White House press office announced later in the day that the Q&A session would take place off camera before only an “expanded pool” of journalists, and in Spicer’s West Wing office as opposed to the James S Brady press briefing room where it is typically held. Outlets seeking to gain entry whose requests were denied included the Guardian, the New York Times, Politico, CNN, BuzzFeed, the BBC, the Daily Mail and others.

Conservative publications such as Breitbart News, the One America News Network and the Washington Times were allowed into the meeting, as well as TV networks CBS, NBC, Fox and ABC. The Associated Press and Time were invited but boycotted the briefing. The decision to limit access to Spicer, hours after Trump once again declared that much of the media was “the enemy of the American people” while speaking at the annual Conservative Political Action Conference, marked a dramatic shift. While prior administrations have occasionally held background briefings with smaller groups of reporters, it is highly unusual for the White House to cherry-pick which media outlets can participate in what would have otherwise been the press secretary’s televised daily briefing.

The briefing has become indispensable viewing for journalists trying to interpret the often contradictory statements coming out of the Trump administration, and Spicer’s aggressive handling of the press and delivery of false or misleading statements have already been memorably mocked on NBC’s Saturday Night Live. “Gaggles” – more informal briefings – with the press secretary are traditionally only limited to the pool when they conflict with the president’s travel, in which case they often take place aboard Air Force One. At times, impromptu gaggles form with reporters who spend their days in the White House, but denying outlets wishing to participate is extremely uncommon.

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Don’t believe it for a second.

Tsipras Says The Era Of Austerity In Greece Is Over (AP)

Greek Prime Minister Alexis Tsipras says the era of austerity is over for his country, painting a positive picture Friday of reforms the country has agreed to take after its latest bailout program ends in 2018. Speaking in parliament, Tsipras described the deal reached Monday as an “exceptional success” and said it showed the country’s creditors accepted Greeces insistence that it could no longer bear any further budget austerity. “I am fully convinced we achieved an honorable compromise,” Tsipras said, adding that all sides at the eurozone finance ministers’ meeting in Brussels had agreed for the “first time after seven years … to leave the path of continued austerity behind us.”

On Monday, Greece agreed to legislate new reforms to come into effect in 2019, but said these will be fiscally neutral: for every euros worth of new burdens on the Greek taxpayer, an equal amount of relief will be granted. In return, Greeces creditors agreed to send their bailout inspectors back to Athens next week for further talks to complete a long overdue review of progress made in Greeces bailout. Tsipras said both creditor-requested new measures and government-proposed relief measures will be legislated at the same time, and that therefore there was no conditionality for the relief measures. The prime minister’s left-led coalition government, trailing in polls, has presented the deal as a decisive, positive step forward for austerity-weary Greeks hammered by seven years of a financial crisis that plunged the country into an economic depression.

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I found this very interesting. Looks like the IMF has never truly looked at whether being part of the euro is best for Greece. Why not? It’s not as if they only do what countries want. Whose interests is the IMF really defending here?

Part of transcript of a press briefing with Gerry Rice, IMF Director of Communications, and reporters.

Transcript Of IMF Press Briefing Thursday, February 23, 2017 (IMF)

QUESTIONER: Gerry, help me to understand how the IMF weighs a member country’s interests, economic interests when it is in a monetary union, when the interests may be that it be out of a monetary union. I haven’t seen any analysis by the IMF about the pros and cons, economic pros and cons of Greece exiting the euro. And it seems to me that Madame Lagarde has expressed herself as a pro euro and a pro EU advocate. So help me to understand, one, why we haven’t seen any economic analysis to defend the IMF’s position to not counsel Greece for exiting the euro or – and two, how it weighs this decision when obviously other member countries who are not in a program want Greece to stay in the euro. Do you understand where I’m getting at? I just haven’t seen any analysis from the IMF to defend or argue either case.

MR. RICE: You know, the amount of economic analysis that we’ve undertaken on Greece over the last seven years, you probably know as well as anyone, is voluminous. So, you know, I think there’s plenty out there to analyze and digest. [..] So, you know, on the question of Greece being a member of the eurozone and the monetary union, you know, it’s been Greece’s explicit objective to retain its membership of the eurozone. It’s been one of its priority objectives since the very beginning. It’s been also a priority objective of the other eurozone members. So, you know, in terms of how we weigh our service and support to a member country, you know, these are obviously important factors that we take into account, and we have taken those into account and are trying to support and service the member as best we can in that context.

QUESTIONER: But, if I may follow up, Gerry. There are cases in which a member country is explicitly – to use your language – has an explicit objective to do for economic policies that the IMF believes to not be in that member country’s economic interests or in the global economic interest. And it speaks truth to power, and yet there has been no analysis to argue why Greece should remain part of the euro or why it shouldn’t. And to me that’s a fundamental economic argument, since you’re talking about internal devaluation versus a nominal exchange rate devaluation. I mean, that’s at the heart of the problem. So can you tell me why the IMF hasn’t at least published its analysis or any analysis on why Greece should remain in the euro or should exit as a part of its truth-telling economic advice to a member country?

MR. RICE: Well, you know, again I think there’s been plenty of analysis of Greece’s economic situation and how the IMF assesses what is in Greece’s best interests. And, you know, I just think there’s voluminous information on that. And –

QUESTIONER: If you can point me to the – and respectfully, I appreciate your patience and me interrupting you – but if you can point me to the voluminous analysis of Greece – which I admit is voluminous, it will probably fill several volumes in fact, several history books, but I have seen in none of it that I am aware of any analysis of the pros and cons of Greece staying or exiting the eurozone.

MR. RICE: [..] I’ll come back to you, but I do believe there is actually a lot of analysis where you can clearly distill what the IMF’s view is as being in Greece’s best economic interest. I would include in that the many staff reports and, in particular, these ex post evaluation studies that we have done that, again, I can point you to some of this material afterwards. But I do think there’s plenty of material.

QUESTIONER: I just want to follow up on Ian’s question and maybe have another question if you don’t mind. Maybe you can clarify do you think – does the IMF think that it’s in Greece’s best interest to retain its membership in the eurozone? And the second question has to do with the timeline entry, because you mentioned the fact that the discussion on the debt will take place following the discussion on reforms. So should we assume that this discussion on the debt relief won’t start before the second review is completed?

MR. RICE: Yes, I don’t have the timing on the completion of the second review. Again, I want to revert to my formulation. Before we would be able – we, the IMF – would be able to, you know, make a commitment on our participation in the program, we would need to have the discussion of both policies and debt relief, and beyond the discussion, credible commitments in which we have confidence. So that’s the way I would like to formulate that.

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Been saying that forever. But as we saw last week, Toronto’s entire budget is based on high and rising house prices.

Toronto Housing Market May Need Vancouver-Style Cooling (BBG)

Toronto may require measures to cool its red-hot housing market similar to moves taken in Vancouver if interest rates don’t increase, said Royal Bank of Canada Chief Executive Officer David McKay. The head of Canada’s largest lender said Toronto housing is “running hot” and is fueled by a “concerning mix of drivers” that include lack of supply, continued low rates, rising foreign money and speculative activity. Similar circumstances in Vancouver prompted British Columbia’s government last year to impose a 15% tax on foreign buyers. “In the absence of being able to use higher rates to reduce that, I do think we’re going to at some point have to consider similar measures to slow down the housing price growth,” McKay said Friday in a telephone interview.

The comments from the bank CEO come as frustration grows over the unaffordability of properties in Canada’s biggest city. The average home price in Toronto jumped 22% in January from the previous year, the fifth straight month of gains topping 20%. Listings have dropped off, down by half from last year, squeezing prices further. The CEOs of Canada’s other big banks last year called on the government to increase housing regulation amid skyrocketing prices in Vancouver and Toronto. National Bank of Canada CEO Louis Vachon said that minimum downpayments should return to 10% from 5%, while Bank of Nova Scotia head Brian Porter suggested his company was pulling back on mortgage lending due to concern about high home prices in those two cities.

Vancouver, once Canada’s fastest-paced home market and now supplanted by Toronto, has seen slowing sales after several regulatory moves. In August, British Columbia added a 15% tax to home purchases by non-Canadians after they were found to have bought more than C$1 billion ($760 million) in property in a five-week period. The city of Vancouver in January began taxing empty homes and plans to further regulate short-term rentals. Since the tax was imposed in Vancouver, monthly transactions in the metro region fell on average by 36% compared to a year earlier, according to data from the Real Estate Board of Greater Vancouver. Prices for prized single-family detached homes had been rising in double digits last year. In the past six months, they’ve fallen 6.6% to an average C$1.47 million, according to board figures released earlier this month.

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The left largely has itself become part of neoliberalism. Ergo: there is no left, left, other than in name.

Just As Neoliberalism Is Finally On Its Knees, So Too Is The Left (G.)

The 10th anniversary of the global financial crisis looms this year, which means it’s almost a decade since neoliberal economics began to fall apart. The crisis spawned a global recession, the near collapse of global finance and the subsequent eurozone crisis as governments incurred huge debts amid efforts to rescue the hapless banking industry. The then Australian prime minister, Kevin Rudd, observed in the immediate aftermath: The current crisis is the culmination of a 30-year domination of economic policy by a free-market ideology that has been variously called neoliberalism, economic liberalism, economic fundamentalism, Thatcherism or the Washington consensus. The central thrust of this ideology has been that government activity should be constrained, and ultimately replaced, by market forces.

The global recession that followed was the worst in 70 years and its effects continue to be felt in many developed countries. Australia was one of the fortunate few to avoid a recession, thanks to enormous government-funded stimulus packages and the continuation of an unprecedented mining boom. Nevertheless, economic activity has been sluggish ever since, job growth has stalled, wage growth has collapsed and inequality is on the rise. And yet in 2017, just as neoliberalism is on its knees, so too is the left. It matters not whether we are describing social democrats, socialists, the hard left or the moderate left. A swath of populist extreme rightwing forces is sweeping through many developed countries. Europe now resembles a graveyard for social democracy. How did it come to this?

First and foremost, there is incompetence. Neoliberal economics, a creation of the right and embraced to varying degrees by social democrats, has dominated western politics for nigh on four decades. Its mantras of deregulation, privatisation and cutting tax for the wealthy and corporations have been exhausted, if not discredited. There are only so many assets that can be privatised and, as the head of the Australian Competition and Consumer Commission, Rod Sims, has noted, replacing a public-sector monopoly with a private-sector monopoly has simply driven up prices. The fetish for deregulation and tax cutting has caused immense harm – for consumers, for workers and for governments seeking to provide services demanded of them but hampered by inadequate revenue.

It is not just Pope Francis who has called for major reform of the economic system. The World Economic Forum, which met in January, advocated “fundamental reforms to market capitalism to tackle inequality”. In doing so, it echoed statements of the IMF and World Bank, formerly strong advocates of the neoliberal agenda.

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Legal schmegal. If they can do it, they will. All of them. Question: is this worse than banning them?

Documents Indicate Germany Spied on Foreign Journalists (Spiegel)

According to documents seen by SPIEGEL, the BND conducted surveillance on at least 50 additional telephone numbers, fax numbers and email addresses belonging to journalists or newsrooms around the world in the years following 1999. Included among them were more than a dozen connections belonging to the BBC, often to the offices of the international World Service. The documents indicate that the German intelligence agency didn’t just tap into the phones of BBC correspondents in Afghanistan, but also targeted telephone and fax numbers at BBC headquarters in London. A phone number belonging to the New York Times in Afghanistan was also on the BND list, as were several mobile and satellite numbers belonging to the news agency Reuters in Afghanistan, Pakistan and Nigeria.

The German spies also conducted surveillance on the independent Zimbabwean newspaper Daily News before dictator Robert Mugabe banned it for seven years in 2003. Other numbers on the list belonged to news agencies from Kuwait, Lebanon and India in addition to journalist associations in Nepal and Indonesia. Journalists in Germany enjoy far-reaching protection against state meddling. They enjoy similar legal protection to lawyers, doctors and priests: occupations that require secrecy. Journalists have the right to refuse to testify in court in order to protect their sources. German law forbids the country’s domestic intelligence agency from conducting surveillance on persons who have that right.

The German chapter of Reporters without Borders says that the BND’s systematic surveillance of journalists is an “egregious attack on press freedoms” and “a new dimension of constitutional violation.” Christian Mihr, head of the German chapter of Reporters without Borders, says that press freedom “is not a right granted by the graciousness of the German government, it is an inviolable human right that also applies to foreign journalists.” The allegations come as the German parliamentary investigative committee focusing on U.S. spying in Germany is completing its inquiry. Chancellor Angela Merkel, who appeared before the committee last Thursday, was the last witness called and now the committee members are working on their closing report. But even as the committee also addressed extensive BND spying, the surveillance of journalists was only a fringe issue.

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Things are not what they seem.

Surgeons Should Not Look Like Surgeons (NN Taleb)

Say you had the choice between two surgeons of similar rank in the same department in some hospital. The first is highly refined in appearance; he wears silver-rimmed glasses, has a thin built, delicate hands, a measured speech, and elegant gestures. His hair is silver and well combed. He is the person you would put in a movie if you needed to impersonate a surgeon. His office prominently boasts an Ivy League diploma, both for his undergraduate and medical schools. The second one looks like a butcher; he is overweight, with large hands, uncouth speech and an unkempt appearance. His shirt is dangling from the back. No known tailor in the East Coast of the U.S. is capable of making his shirt button at the neck. He speaks unapologetically with a strong New Yawk accent, as if he wasn’t aware of it. He even has a gold tooth showing when he opens his mouth.

The absence of diploma on the wall hints at the lack of pride in his education: he perhaps went to some local college. In a movie, you would expect him to impersonate a retired bodyguard for a junior congressman, or a third-generation cook in a New Jersey cafeteria. Now if I had to pick, I would overcome my suckerproneness and take the butcher any minute. Even more: I would seek the butcher as a third option if my choice was between two doctors who looked like doctors. Why? Simply the one who doesn’t look the part, conditional of having made a (sort of) successful career in his profession, had to have much to overcome in terms of perception. And if we are lucky enough to have people who do not look the part, it is thanks to the presence of some skin in the game, the contact with reality that filters out incompetence, as reality is blind to looks.

When the results come from dealing directly with reality rather than through the agency of commentators, image matters less, even if it correlates to skills. But image matters quite a bit when there is hierarchy and standardized “job evaluation”. Consider the chief executive officers of corporations: they not just look the part, but they even look the same. And, worse, when you listen to them talk, they will sound the same, down to the same vocabulary and metaphors. But that’s their jobs: as I keep reminding the reader, counter to the common belief, executives are different from entrepreneurs and are supposed to look like actors.

Now there may be some correlation between looks and skills; but conditional on having had some success in spite of not looking the part is potent, even crucial, information. So it becomes no wonder that the job of chief executive of the country, that is, the president, was once filled by a former actor, Ronald Reagan. Actually, the best actor is the one nobody realizes is an actor: a closer look at the record and the activity shows that Barack Obama was even more of an actor: a fancy Ivy-League education combined with a liberal reputation is compelling as an image builder. (In fact much as President Trump has going for him is that he doesn’t act as a president).

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Feb 052017
 
 February 5, 2017  Posted by at 8:59 pm Finance Tagged with: , , , , , , , , ,  3 Responses »


Hugo Simberg The Wounded Angel 1903

 

US Appeals Court Denies Request To Restore Trump’s Immigration Ban (R.)
DHS Suspends Actions On Travel Ban; ‘Standard Policy’ Now In Effect (R.)
Trump Tells O’Reilly He ‘Respects’ Putin in Super Bowl Interview (Fox)
As Trump Weighs Thaw With Putin, EU Set to Renew Its Blacklist (BBG)
Goldman Throws Cold Water On Trump Agenda (CNBC)
Economists Say Action On Carbon Is Vital, Or Say Nothing At All (Age)
Japan – It’s Finally Happening (Muir)
Le Pen Kicks Off Campaign With Promise Of French ‘Freedom’ (R.)
Theresa May Abandons ‘Home Owning Democracy’ of Thatcher and Tories (G.)
Attention Trade Warriors: Germany’s Surplus is on the Wane (BBG)
Dennis Kucinich Rages Against The Military-Industrial-Complex (FB)
NATO, Not Russia, Has Deployed Tanks To Poland & Baltic States – Galloway (RT)
Varoufakis Calls on PM Tspiras to Ditch Bailout Restructuring (GR)
Varoufakis Urges Tsipras To Ditch Negotiations, Adopt “Parallel System” (KTG)
UK: Refugees Heading To Europe To Be Sent To Asia And Latin America (Ind.)

 

 

It was always going to the Supreme Court. More interesting right now is how strongly this is dividing the White House team. Kelly refused to enact some of Bannon’s demands. Tillerson and Mattis are not sitting comfortable either. And the legal team has gained in standing, a lot. Trump cannot afford too many of these snags, even if they love the attention and controversy coming from it. All in all, a good thing that the legal system gets tested, never a thing to fall asleep on.

US Appeals Court Denies Request To Restore Trump’s Immigration Ban (R.)

A U.S. appeal court late on Saturday denied an emergency appeal from the U.S. Department of Justice to restore an immigration order from President Donald Trump barring citizens from seven mainly Muslim countries and temporarily banning refugees. “Appellants’ request for an immediate administrative stay pending full consideration of the emergency motion for a stay pending appeal is denied,” the ruling by the U.S. Court of Appeals for the Ninth Circuit said. It said a reply from the Department in support of the emergency appeal was due on Monday. The Department filed the appeal a day after a federal judge in Seattle ordered Trump’s travel ban to be lifted. The president’s Jan. 27 order had barred admission of citizens from the seven nations for 90 days.

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Law.

DHS Suspends Actions On Travel Ban; ‘Standard Policy’ Now In Effect (R.)

A Seattle federal judge on Friday put a nationwide block on U.S. President Donald Trump’s week-old executive order that had temporarily barred refugees and nationals from seven countries from entering the United States. The judge’s temporary restraining order represents a major setback for Trump’s action, though the White House said late Friday that it believed the ban to be “lawful and appropriate” and that the U.S. Department of Justice would file an emergency appeal. As a result of the ruling, the Department of Homeland Security suspended its enforcement of the ban, announcing on Saturday that “standard policy and procedures” were now in effect. “In accordance with the judge’s ruling, DHS has suspended any and all actions implementing the affected sections of the Executive Order entitled, “Protecting the Nation from Foreign Terrorist Entry into the United States,” DHS said in a statement.

“DHS personnel will resume inspection of travelers in accordance with standard policy and procedure,” it stated, adding that the Justice Department would file an emergency stay to “defend the president’s executive order, which is lawful and appropriate.” The move came on the heels of the State Department announcing it was reversing the revocation of visas that left countless travelers stranded at airports last weekend. The move all but ensures a protracted public and legal battle over one of Trump’s most controversial policies, barely two weeks after he was inaugurated. Early Saturday morning, Trump criticised the ruling as “ridiculous” and warned of big trouble if a country could not control its borders.

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Quite right. Putin bashing is a losing strategy.

Trump Tells O’Reilly He ‘Respects’ Putin in Super Bowl Interview (Fox)

On Sunday, Bill O’Reilly will hold a special Super Bowl pre-game interview with President Trump at 4 p.m. ET on your local FOX broadcast station. In a special preview, Trump revealed his plans for dealing with Russian President Vladimir Putin. O’Reilly asked Trump whether he “respects” the former KGB agent: “I do respect him, but I respect a lot of people,” Trump said, “That doesn’t mean I’m going to get along with him.” Trump said he would appreciate any assistance from Russia in the fight against ISIS terrorists, adding that he would rather get along with the former Cold War-era foe than otherwise. “But, [Putin] is a killer,” O’Reilly said. “There are a lot of killers,” Trump responded, “We’ve got a lot of killers. What do you think? Our country’s so innocent?”

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For the EU, like NATO, Putin bashing is the only thing left that provides a reason to be. That’s just dangerous.

As Trump Weighs Thaw With Putin, EU Set to Renew Its Blacklist (BBG)

The European Union plans to renew asset freezes and travel bans against key allies of Russian President Vladimir Putin who are accused of destabilizing Ukraine, at a time when Donald Trump is weighing warmer ties with Moscow. Four EU officials said member governments intend by mid-March to prolong the sanctions for another six months on more than 100 Ukrainians and Russians. Among them: Arkady Rotenberg, co-owner of SMP Bank and InvestCapitalBank, and Yury Kovalchuk, the biggest shareholder in Bank Rossiya, the Brussels-based officials said. The officials spoke on condition of anonymity because the deliberations are confidential. Trump, who had a phone call with Putin on Jan. 28, has left open the possibility of easing the U.S.’s sanctions against Russia.

Former President Barack Obama drew up the American penalties in coordination with the 28-nation EU after Putin annexed the Ukrainian region of Crimea in 2014 and lent support to separatist rebels. “The Europeans are waiting to see what hand grenade Trump throws into the Russia-Ukraine pond,” Michael Emerson, a foreign-policy expert at the CEPS think tank in Brussels, said by phone. With the asset freezes and travel bans due to expire on March 15, “European politicians and diplomats will be cautious and stick to the status quo,” he said. The planned renewal of the blacklist highlights the EU’s political commitment to a policy that Angela Merkel and Francois Hollande guided in step with Obama. The European sanctions against Russia resemble the U.S. penalties and include a separate set of curbs – prolonged for another six months just before Trump took office on Jan. 20 – on Russia’s financial, energy and defense industries.

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Volatility.

Goldman Throws Cold Water On Trump Agenda (CNBC)

The policy halo effect that provided ballast to the stock market and fueled investor optimism is already being dimmed by political realities, according to Goldman Sachs, which may have negative implications for economic growth. In a note to clients on Friday, the investment bank noted President Donald Trump’s agenda was already running into bipartisan political resistance, with doubts growing about potential tax reform and a repeal of the Affordable Care Act, among other marquee Trump administration initiatives. Just two weeks into his tenure, “risks are less positively tilted than they appeared shortly after the election ,” Goldman wrote. Growing resistance to Trump’s executive orders on immigration and financial reform has galvanized opposition while dividing members of the president’s own Republican Party.

It has also curbed the enthusiasm of investors, who sent stocks on a roller-coaster ride this week as they struggled to reconcile the new restrictions on immigration with Trump’s professed pro-business bent. “While bipartisan cooperation looked possible on some issues following the election, the political environment appears to be as polarized as ever, suggesting that issues that require bipartisan support may be difficult to address,” the bank added. The balance of risks “are less positively tilted than they appeared shortly after the election,” Goldman said, which may blunt the force of future growth. Amid reports that top GOP members are reportedly becoming nervous about the impact of a full-fleged repeal of health care, that political pushback “does not bode well for reaching a quick agreement on tax reform or infrastructure funding, and reinforces our view that a fiscal boost, if it happens, is mostly a 2018 story.”

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Steve on Twitter: “Coulnd’t resist it: sanctimonious carbon price pap, & belief market can solve an ecological problem just baug me. So my satirical gene fired.”

Economists Say Action On Carbon Is Vital, Or Say Nothing At All (Age)

There is no consensus. Economists either believe it is vital that Australia becomes a low-carbon intensity economy, or that the issue is so unimportant – or perhaps that it is so politically divisive – that they choose not to volunteer an opinion. Asked about the importance of reducing the country’s carbon footprint and how best to do it, more than half of 27 economists from industry, consultancy, academia and finance questioned for the annual BusinessDay Scope survey agreed it was a must. Another 10 left the question blank. Whether this indicates a lack of interest or the contentious nature of climate change policy is unclear. But none of those who did answer made the case that cleaning up the economy did not matter. They overwhelmingly said action should be swift and include a market-based carbon pricing scheme.

[..] Steve Keen, of London’s Kingston University, made what – we think – was a similar point about the importance of climate action, albeit less conventionally. “Nah mate! Wassa matta, dontcha own a pair of budgie smugglers?” he wrote. “It’s all a conspiracy by Marxists anyway to undermine the Ostralyan way of life – you know, burning stuff and damn well enjoying it rather than whingeing. “A bit a coal never hurt anyone, matter of fact it tastes even better than a raw onion!”

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“I am shorting JGBs with both fists.”

Japan – It’s Finally Happening (Muir)

I still shake my head at the stupidity. One of the most overindebted countries in the history of modern finance trading with a 0% thirty year bond. Professor Malkiel – stick that in your pipe and smoke it. But into that panic a crazy thing happened. Worried its bonds would trade at negative yields and pressure the financial system, the Bank of Japan pegged its 10 year yield at 0%. In doing so, the Bank of Japan moved from a set rate of balance sheet expansion to one that varies based on whether that peg is either too high, or too low. If the equilibrium level of 10 year rates was in fact below 0%, the Bank of Japan would be forced to sell bonds to keep rates stuck at 0%. If there was demand for credit and 10 year rates moved higher, then the BoJ would be forced to buy bonds to keep them from declining.

The BoJ program was a little more nuanced, and there were some caveats, but at its heart, the BoJ was giving up control of its balance sheet so it could peg a specific part of the yield curve. Of course Central Banks do this all the time. The difference is they usually operate at the front part of the curve, and when there is too much demand or supply, they change the rate. When the Bank of Japan took this unprecedented step, I walked away from my short JGB position. I figured there were better fixed income markets to short. Yet I highlighted that by pegging the 10 year rate, the Bank of Japan had not eliminated volatility, but merely postponed it. Eventually the Bank of Japan’s massive balance sheet expansion would kick in. At that point, inflation would pick up, credit would be demanded and the Bank of Japan would be forced to defend the 0% peg.

Yet this defending would be expansionary as they would be forced to buy bonds and expand the amount of base money, which if not offset with a decline in the velocity of money, would create more inflation, etc… All of this would be occurring with an already highly supercharged Japanese Central Bank balance sheet. I have been sitting and waiting for this expansionary feedback loop to kickstart. Until recently, the Bank of Japan had not been forced to buy any bonds to keep the rate pegged at 0%. When 10 year rates drifted far enough above 0%, the Bank of Japan made a bid to buy an unlimited number of bonds at a level below the market, which scared the market back to the pegged level. But this week the market decided to test the BoJ’s resolve.

The JGB 10 Year bond spiked through the previous high yield on news the Bank of Japan would not be expanding their balance sheet quite as aggressively as expected in their regular QE program. As yields popped through the previous 0.10% yield ceiling, the Bank of Japan came charging into the market. The BoJ bid 3-4 basis points through the market with unlimited size to push yields back down to the 0.10% level. What does this mean? The market is finally saying the demand for credit is enough to force the Bank of Japan to buy bonds to keep rates down. And that was the signal I was waiting for. I am shorting JGBs with both fists. It probably won’t happen tomorrow, nor the next day. Heck it probably won’t even happen next month, but we have reached the point where I need to be short JGBs.

The pressure will continue to build and when it finally bursts, the torrent will be overwhelming and quick. Although many traders think they will be able to climb on board, it will most likely be extremely difficult – like jumping on a raft bouncing down a raging river, it always seems way easier than it is. I hate German bunds, but I now have a fixed income instrument I hate even more. I expect bund yields to double or even triple in the coming quarters, but JGBs will eventually trade significantly though bunds. It would be just like the Market Gods to finally usher in the JGBs collapse once all the hedge fund guys had given up on it…

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Count her out at your own peril.

Le Pen Kicks Off Campaign With Promise Of French ‘Freedom’ (R.)

French far-right leader Marine Le Pen kicked off her presidential campaign on Saturday with a promise to shield voters from globalization and make their country “free”, hoping to profit from political turmoil to score a Donald Trump-style upset. Opinion polls see the 48-year old daughter of National Front (FN) founder Jean-Marie Le Pen topping the first round on April 23 but then losing the May 7 run-off to a mainstream candidate. But in the most unpredictable election race France has known in decades, the FN hopes the scandal hitting conservative candidate Francois Fillon and the rise of populism across the West will help convince voters to back Le Pen. “We were told Donald Trump would never win in the United States against the media, against the establishment, but he won… We were told Marine Le Pen would not win the presidential election, but on May 7 she will win!” Jean-Lin Lacapelle, a top FN official, told several hundred party officials and members.

In 144 “commitments” published at the start of a two-day rally in Lyon, Le Pen proposes leaving the euro zone, holding a referendum on EU membership, slapping taxes on imports and on the job contracts of foreigners, lowering the retirement age and increasing several welfare benefits while lowering income tax. The manifesto also foresees reserving certain rights now available to all residents, including free education, to French citizens only, hiring 15,000 police, curbing migration and leaving NATO’s integrated command. “The aim of this program is first of all to give France its freedom back and give the people a voice,” Le Pen said in the introduction to the manifesto.

[..] “This presidential election puts two opposite proposals,” Le Pen said in her manifesto. “The ‘globalist’ choice backed by all my opponents … and the ‘patriotic’ choice which I personify.” If elected, Le Pen says she would immediately seek an overhaul of the European Union that would reduce it to a very loose cooperative of nations with no single currency and no border-free area. If, as is likely, France’s EU partners refuse to agree to this, she would call a referendum to leave the bloc.

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Horse barn.

Theresa May Abandons ‘Home Owning Democracy’ of Thatcher and Tories (G.)

A major shift in Tory housing policy in favour of people who rent will be announced by ministers this week as Theresa May’s government admits that home ownership is now out of reach for millions of families. In a departure from her predecessor David Cameron, who focused on advancing Margaret Thatcher’s ambition for a “home-owning democracy”, a white paper will aim to deliver more affordable and secure rental deals, and threaten tougher action against rogue landlords, for the millions of families unable to buy because of sky-high property prices. Ministers will say they want to change planning and other rules to ensure developers provide a proportion of new homes for “affordable rent” instead of just insisting that they provide a quota of “affordable homes for sale”.

They will also announce incentives to encourage landlords to offer “family-friendly” guaranteed three-year tenancies, new action to ban unscrupulous landlords who offer sub-standard properties, and a further consultation on banning many of the fees that are charged by letting agents. A senior Whitehall source said: “We want to help renters get more choice, a better deal and more secure tenancies.” They added that the government did not want to scare people off from renting out homes, but offer incentives to encourage best practice and isolate the worst landlords. By emphasising the rights of renters, as well as trying to boost house building, the white paper will mark a turning point for a party that since the 1980s, and the first council house sales, has promoted home ownership as a badge of success, while neglecting the interests of renters.

The Tory manifesto for the 2015 general election spelt out plans for 200,000 new “starter homes” that could be bought by first-time buyers at 20% discounts, but said little about promoting the interests and improving the lot of so-called “generation rent”. Cameron also pushed the idea of getting people on the housing ladder through shared ownership schemes, an idea that is no longer such a priority. The white paper will be seen as part of May’s deliberate break with Cameron, and her drive to create a country “that works for everyone, not just the privileged few”.

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Makes no difference anymore to Greece and Italy.

Attention Trade Warriors: Germany’s Surplus is on the Wane (BBG)

The Trump administration appears intent on escalating the long-standing U.S. practice of attacking Germany’s current-account surplus. Good news for those on the receiving end: It has probably peaked. As officials like National Trade Council director Peter Navarro rail against the trade imbalance that dominates the balance of payments between the two countries, pensioners, home-buyers and immigrants are quietly working to bring that $297 billion current-account surplus down. According to research by Deutsche Bank, demographics and a housing boom are two factors that will drive the current account balance – the difference between what a country earns from abroad and what it spends – to its lowest level in seven years by 2020.

That may offer little consolation to the German delegation when it hosts a Group of 20 meeting of finance ministers in March, as they’ll likely face intensified criticism for allowing such an imbalance to continue. Germany has long faced flak, both within the euro area and outside it, for failing to encourage greater domestic spending and imports to balance out its external excess. Still, while the weaker euro will continue to make German exports attractive in the U.S. – think expensive sedans, high-tech machinery – there are countervailing factors at play on the other side of the equation. “In the medium term we expect the demographic development and the solid domestic economy, driven by a sustained positive development on the property market, to push the surplus down to 7 percent of GDP,” Deutsche Bank economist Heiko Peters said by phone.

A rising share of pensioners in the German population, who normally have less money to save than people in jobs, will crimp household savings rates, while an increasing number of immigrants such as refugees will contribute to boosting German imports, Peters wrote in a study first published last year. And with housing valuations outpacing income and rent growth since 2009, home owners feel richer, save less toward retirement and borrow against their property. That leads to rising imports of building materials to fuel the property boom and increased demand for foreign consumer goods on the back of the wealth effect. 7% of GDP is still a mighty big number for an economy as large as Germany’s. “That’s still a relatively high level until 2020,” Peters says. “But an even greater demographic effect is then expected for 2020-2025, and the surplus should then decline clearly further.”

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Another ‘curious’ WaPo feat.

Dennis Kucinich Rages Against The Military-Industrial-Complex (FB)

I have dedicated my life to peace. As a member of Congress I led efforts to avert conflict and end wars in countries such as Afghanistan, Iraq, Lebanon, Libya, Syria and Iran. And yet those of us who work for peace are put under false scrutiny to protect Washington’s war machine. Those who undermine our national security by promoting military attacks and destroying other nations are held up as national leaders to admire. Recently Rep. Tulsi Gabbard and I took a Congressional Ethics-approved fact finding trip to Lebanon and Syria, where we visited Aleppo and refugee camps, and met with religious leaders, governmental leaders and people from all sides of the conflict, including political opposition to the Syrian government.

Since that time we have been under constant attack on false grounds. The media and the war establishment are desperate to keep hold of their false narrative for world-wide war, interventionism and regime change, which is a profitable business for Washington insiders and which impoverishes our own country. Today, Rep. Gabbard came under attack yet again by the Washington Post’s Josh Rogin who has been on a tear trying to ruin the reputations of the people and the organization who sponsored our humanitarian, fact-finding mission of peace to the Middle East. Rogin just claimed in a tweet that as community organization I have been associated with for twenty years does not exist. The organization is in my neighborhood. Here’s photos I took yesterday of AACCESS-Ohio’s marquee.

It clearly exists, despite the base, condescending assertions of Mr. Rogin. Enough of this dangerous pettiness. Let’s dig in to what is really going on, inside Syria, in the State Department, the CIA and the Pentagon. In the words of President Eisenhower, let’s beware (and scrutinize) the military-industrial-complex. It is time to be vigilant for our democracy.


These leaders of the Christian faith in Aleppo begged for the US to stop funding terrorists in #Syria. They expressed that before international interventions (covert and overt) Syrians lived in peace without concern as to whether they were Christian, Muslim or Jew.

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Line of the day: “Why are we spending £160bn on renewing Trident when we now know its missiles are more likely to hit Australia if they were aimed at Russia?..”

NATO, Not Russia, Has Deployed Tanks To Poland & Baltic States – Galloway (RT)

British Defense Secretary speech on “Russian threat” is a desperate attempt to “save jobs and budgets” for the Cold War crowd, which is worried the new US leader will not consider Russia an enemy, broadcaster and former British MP George Galloway told RT. Addressing a group of university students, the UK’s defense secretary Michael Fallon warned of a resurgent Russia and said that it is becoming aggressive. RT: What did you make of Michael Fallon’s speech? George Galloway: Well, Michael Fallon puts the ‘squeak’ in the word ‘pipsqueak.’ He is of course the defense minister of a small and semi-detached European power with not much military prowess and which wants to feel big about itself.

And these people, and he’s not alone – the military industrial complex in the United States is up to the same game – they are desperately thrashing around to save their jobs, to save their budgets, to save their roles as muscle-men in the world. And Fallon got used to, as did other European powers, going around the world, threatening people with America’s army. Now America’s army is not quite so reliable, because America has a President who might not want to use the army in the way that these people want him to, at least one hopes not. And so they desperately seek to continually exacerbate the existing tensions with Russia to defend their own relevance. The people are asking, “What’s NATO for?”

The people are asking, “Why are we spending £160bn on renewing Trident when we now know its missiles are more likely to hit Australia if they were aimed at Russia? And in any case Russia has thousands of nuclear weapons, and we only a handful.” So it’s all pretty pitiful, actually. Right down to the audience of university students, hoping that none of them would challenge him. I’d like him to debate these matters with me, he knows me well, he comes from the same town in Scotland as me. I’d really love to get my metaphorical hands on him to have some of these matters out. The truth is that the European Union is having to come to terms with the fact that the US now has a President that doesn’t want war with Russia and they – who have built their entire 50-60 years of history on the possibility of war with Russia – are all at sea, except we don’t have that many battleships left either.

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Greece turning into an impoverished prison camp is a feature not a bug.

Varoufakis Calls on PM Tspiras to Ditch Bailout Restructuring (GR)

Yanis Varoufakis wrote in an op-ed in Efimerida ton Syntakton on Saturday. The former finance minister called on Prime Minister Alexis Tspiras to adopt a plan originally proposed by Varoufakis while he was still in office. The plan would unilaterally restructure the loans the ECB holds. In addition according to BitCoin Magazine and reiterated in the former FM’s op-ed a payment system that could operate in euros but which could be changed into drachmas “overnight” if necessary would be implemented along with a parallel payment system. “This two-pronged preparation is the only way to prevent another excruciating retreat by the prime minister in the short-term and [German Finance Minister Wolfgang] Schaeuble’s plan in the long-term,” Varoufakis wrote. Varoufakis has been a vocal protester to Greek bailout plans and restructuring as it stands now, hence his resignation. He firmly believes that the current plan could lead to Greece leaving the Eurozone of their own accord.

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More on that. “In reality there was never a basis for hope that the toxic 3rd bailout would be gradually rationalized, in terms that the European Commission would support Athens so that the austerity and anti-social IMF measures would relax..”

Varoufakis Urges Tsipras To Ditch Negotiations, Adopt “Parallel System” (KTG)

Former finance minister Yanis Varoufakis strikes back and urges Prime Minister Alexis Tsipras to turn his back on Greece’s lenders, adopt a parallel payment system and to unilaterally restructure the loans held by the ECB. In an op-ed in Efimerida ton Syntakton, Varoufakis, Varoufakis calls on Tispras to prepare for rupture with creditors in order to avoid rupture. “This two-pronged preparation is the only way to prevent another excruciating retreat by the prime minister in the short term and [German Finance Minister Wolfgang] Schaeuble’s plan in the long term,” Varoufakis wrote. In his article, Varoufakis suggested that Schaeuble’s strategy is to lead Greeks to the point of exhaustion so they ask to leave the euro themselves.

Noting that the “parallel payment system was already designed in 2014”, Varoufakis stresses that Tsipras had “two delusions” that led the government to the current impasse: A) that on the night of the referendum, the dilemma was between Schaeuble’s Grexit Plan and the 3rd bailout, and B) that the obedience to the 3rd bailout could be politically manageable through a parallel, society-friendly program. Both of these “working assumptions” were based only on autosuggestion, the ex finance minister stresses adding that he tried to explained this to the Prime Minister on the night of the referendum

“In reality there was never a basis for hope that the toxic 3rd bailout would be gradually rationalized, in terms that the European Commission would support Athens so that the austerity and anti-social IMF measures would relax, the IMF would force Berlin to accept debt restructuring and lower primary surpluses, the ECB would include Greece in the bond purchase program (QE),” Varoufakis wrote. He accused leading European negotiators of lying. “That Moscovici [EU Monetary Affairs Commissioner], Coerer [ECB] and Sapen [French finance minister] might have given such promises was not an excuse. Since May 2015 we were fully aware that these gentlemen know how to lie and fail to deliver on their promises when they do not lie.”

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Completely devoid of any comprehension or compassion. Moral Bankruptcy. Throw money at it, that should work… And then keep bombing, British involvement in that makes a lot of profit.

UK: Refugees Heading To Europe To Be Sent To Asia And Latin America (Ind.)

Refugees heading to Europe will be urged to settle in Asia and Latin America instead, under a new £30m British aid package. Theresa May announced the scheme at an EU summit in Malta, arguing it showed the Government is “stepping up its support for the most vulnerable refugees”. The package will see Britain provide lifesaving supplies for people facing freezing conditions across Eastern Europe and Greece, including warm clothing, shelter and medical care. However, it will also pay for better infrastructure in far-flung countries willing to take refugees who had hoped to settle in Europe. The move builds on an existing scheme run by The UN Refugee Agency (UNHCR), but it is the first time Britain’s aid budget has been used to bolster it. It risks adding to criticism that the Prime Minister is unwilling for the UK to accept a reasonable share of the refugees and migrants fleeing Syria and other war zones.

Only a few thousand Syrian refugees have been resettled in Britain – and the Government has refused to take part in an EU-wide programme to co-ordinate the continent’s response to the crisis. Government sources stressed that people would only be diverted to countries in Asia and Latin America if they were willing to be resettled there. The Department for International Development is expected to release a list of interested countries later. In Malta the Prime Minister insisted the focus of the £30m programme was “helping migrants return home rather than risk their lives continuing perilous journeys to Europe”. It would provide assistance to refugees and migrants across Greece, the Balkans, Libya, Egypt, Tunisia, Morocco, Algeria and Sudan. Priti Patel, the International Development Secretary, said: “Conflict, drought and political upheaval have fuelled protracted crises and driven mass migration. We cannot ignore these challenges.

The package will be delivered by UNHCR, the International Organisation for Migration (IOM) and NGO collective Start Network. Its aim is to:

* provide 22,400 life-saving relief items including tents, blankets, winter clothes such as hats and gloves and hygiene kits including mother and baby products

* help more than 60,000 people with emergency medical care, legal support and frontline workers to identify those at risk of violence and trafficking

* allow up to 22,000 people to reunite with family members they have become separated from

* help countries in Asia and Latin America that “might be able to resettle refugees put the infrastructure and systems in place to do so”

* provide more than 1,500 refugees in Egypt, including those fleeing Syria and other conflicts, with urgent health assistance and educational grants for students to go back to school

* provide a migrant centre in Sudan to enable “voluntary returns home when safe”, replicating a successful scheme in Niger.

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