May 062022
 
 May 6, 2022  Posted by at 8:45 am Finance Tagged with: , , , , , , , ,  56 Responses »


Pablo Picasso Nude on a beach 1929

 

NATO’s New World (Vilches)
Ukraine’s Forces Told To Hold The Line Where Russia Pulverizes Them (MoA)
For Those Who Still Don’t Understand (Sergey Glazyev)
Why is the White House Bragging About Killing Russians in Ukraine? (CTH)
Sleepy Joe’s $33 Billion Abomination (Stockman)
Tulsi Gabbard Bashes Biden For Calling Millions Of Americans Terrorists (Blaze)
Elon Musk Expected to Axe Twitter’s Censorship Team, Become CEO (BN)
Musk Blasts Soros ‘Dark Money Groups’ Threatening Twitter Advertisers (ZH)
Musk Summoned to Parliament for his Pledge to Restore Free Speech (Turley)
Five Steps to Free Speech in Social Media: A Musk Roadmap (Turley)
2000 Mules (AG)
FDA Limits Use of Johnson and Johnson Vaccine Due to Blood Clots (CTH)
McCullough: 30% of US Pilots May Have COVID Jab-Induced Heart Conditions (ET)
UN: Obesity Levels In Europe At ‘Epidemic Proportions’ (AP)
EU Officials Being Trained To Meditate To Help Fight Climate Crisis (G.)

 

 

 

 

Tucker MAGA

 

 

 

 

Psaki abortion

 

 

Celente

 

 

“..per the Führer´s own description, such lebensraum was to be found – oh coincidence — “in the Ukraine and intermediate lands of eastern Europe”

NATO’s New World (Vilches)

UK Foreign Secretary Liz Truss recently experienced her 15 minutes of glory with a blatant hissy-fit rant policy speech at a London´s Mansion House banquet. She posited that the collective West now needs “a global NATO” to pursue geopolitics anew. Publically, Ms Liz Truss tapped her well-known Rule Britannia Anglo-Saxon exceptionalistic mind-set which now would badly require a much larger “lebensraum”. By the way, the Rule Britannia lyrics ´clearly clearly clearly´ let the world know that “…at heaven’s command…Britons never, never, never shall be slaves”. No way, slaves will exist, but Britons should make sure it´s the other way around, see ? So beware… With an AUKUS core, the strategic concept is “all for one, and one for all” just like ´The Three Musketeers´ except that the world´s livelihood is for real, not a novel. Liz Truss is not a cartoon character either, she is today´s United Kingdom Foreign Secretary.

Lebensraum Ukraine would only be the starting point says Truss very proud of British colonial history. Actually it´d have to be even far larger than what Adolf Hitler originally foresaw with his Nazi foreign policy dictum left on record in “Mein Kampf”. Unbelievably, and per the Führer´s own description, such lebensraum was to be found – oh coincidence — “in the Ukraine and intermediate lands of eastern Europe”… Mind you readers this is a historical certainty, unfortunately not fiction. Curiously enough, WW2 ended when Germany´s dictator shot his lover and himself in the temple only four years after the Wehrmacht had invaded Ukraine pursuing its much-needed Caucasus´ oil. So paraphrasing Mark Twain, and relating Nazis to Ukraine and oil …with the Russians defending and finally winning… history doesn´t repeat itself, but it sure does rhyme.

But no Sir, what Adolf Hitler conceived 90 years ago today is not large enough at all for NATO, sorry. Per Liz Truss (more on her later) it´d be a flashing new “Network of Liberty” yet global in nature, understand ? The time and place of this new “Global NATO” setting Ms Truss says is (1) right now and (2) throughout the whole world, okay ? Furthermore, in the meantime and so as not to waste valuable time and resources, Liz Truss urges current (limited) “European” NATO to send more “heavy weapons, tanks, and also airplanes” to Ukraine ASAP “digging deep into our inventories and ramping up production”. Her obvious Russo-Europhobic objective is to split Eurasia into fractions according to the very British well-proven ´divide and conquer´ philosophy.

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“The order was given because the ‘west’ has pushed the Ukrainian president to not make peace with Russia. The consequence will be the assured destruction of the Ukrainian military.”

Ukraine’s Forces Told To Hold The Line Where Russia Pulverizes Them (MoA)

The Russian military forces are grinding down Ukrainian ground forces by extensive use of heavy artillery. The Ukrainian artillery has been destroyed or lacks ammunition.The Ukrainian forces have orders to stay in their position and to hold the line. That only makes sure that Russian artillery strikes will destroy them. The order was given because the ‘west’ has pushed the Ukrainian president to not make peace with Russia. The consequence will be the assured destruction of the Ukrainian military. There are claims that the Russian progress in Ukraine has been slow or has even come to a halt:


“The United States assessed last week that Russian troops were making “slow and uneven” progress in the Donbas, often of no more than “several kilometers … on any given day, just because they don’t want to run out too far ahead of their logistics and sustainment lines,” one senior U.S. official told journalists. But in its daily reports, the Institute for the Study of War noted that Russian forces made no confirmed ground attacks on Monday or Tuesday. It said a Ukrainian artillery strike April 30 on a Russian command headquarters near Izium has slowed the Russian push, and noted that, farther north, a Ukrainian counterattack Monday pushed Russian forces back 25 miles east of Kharkiv.”

Those claims do not hold up to reality. As Clausewitz wrote about the Schwerpunkt in ‘On War’: “[N]o matter what the central feature of the enemy’s power may be—the point on which your efforts must converge—the defeat and destruction of his fighting force remains the best way to begin, and in every case will be a very significant feature of the campaign.” Basing our comments on general experience, the acts we consider most important for the defeat of the enemy are the following: “Destruction of his army, if it is at all significant. Seizure of his capital if it is not only the center of administration but also that of social, professional, and political activity. Delivery of an effective blow against his principal ally if that ally is more powerful than he. Accordingly the Russian military is tasked with demilitarizing the Ukraine, Clausewitz’ task one, and that is what it is doing.


Russia is using the best available means to destroy the Ukrainian military. On the ground that means ruthless systematic mass use of artillery. Reports about the high morale of the Ukrainian soldiers who halt Russian advances are copium when compared with the reality of the battlefield. From the preface of the book King of Battle: Artillery in World War: “Artillery dominated the battlefields of World War I. That was seen in various ways, from wounding patterns and doctors’ clinical data, to memoirs, diaries, and letters, through to changed military doctrine after the war. No nation that had experienced significant ground combat would blithely assume morale could replace firepower. Artillery even holds the dubious distinction of causing a new diagnosis, shellshock.”

Azov Mariupol

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“..color revolutions” financed by the Comprador oligarchy under the promise of unfreezing assets seized in the US-European jurisdiction..”

For Those Who Still Don’t Understand (Sergey Glazyev)

A special military operation (SVO) revealed a plan prepared in advance by the US power and financial elite to seize power in Russia. It includes the following components and stages.

1. Wear out the Russian armed forces in a war with well-trained and directly controlled by the Pentagon fighters of the Armed Forces of Ukraine, “stitched” by the Nazis with a vertical of officers appointed by the US and British special services. Turn the population of Ukraine into zombies infected with Russophobia. At the same time, incite the international community against Russia, making accusations of war crimes and genocide against its leadership. On this basis, confiscate Russia’s foreign currency assets and impose total sanctions against it, causing the maximum possible damage. This stage is actually completed.

2. Terrorize the Russian population with shelling of border settlements and military infrastructure, sabotage of transport, and hacker attacks. Hit the public consciousness with a flood of negative fake news and anti-government propaganda through social networks. To impose, through their agents of influence in the financial and economic authorities, an economic policy that blocks the mobilization of resources, including: inflating interest rates, continuing the export of capital, encouraging currency and financial speculation, manipulating the ruble exchange rate, and inflating prices. Thus, the sanctions can be repeatedly aggravated and provoke a collapse in production and a decline in living standards. This stage is in full swing.

3. Provoking protest moods and destructive socio-political actions aimed at overthrowing the legitimate authorities against the background of falling living standards and losses in the course of their activities. The use of the entire arsenal of methods for organizing “color revolutions” financed by the Comprador oligarchy under the promise of unfreezing assets seized in the US-European jurisdiction. At the same time, we are preparing the organizational and ideological foundations for separatist actions in the regions. This stage is under active development.

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“Perhaps because the only historic way out of a deep economic recession is a war or housing starts?”

Why is the White House Bragging About Killing Russians in Ukraine? (CTH)

Does Joe Biden intend to take the U.S. into a direct war with Russia? Perhaps because the only historic way out of a deep economic recession is a war or housing starts? Perhaps, because they need a bigger distraction from the political impact of their own policies? Those questions need to be asked and answered quickly, because the White House is about to flip the switch from a “proxy war” into an actual hot war between the United States and Russia. How do we know? Because the Biden administration is openly bragging about their specific military operations inside Ukraine that are killing Russians. Consider:

NYT: “The United States provided intelligence that helped Ukrainian forces locate and strike the flagship of Russia’s Black Sea fleet last month, another sign that the administration is easing its self-imposed limitations on how far it will go in helping Ukraine fight Russia, U.S. officials said.” NYT:”The United States has provided intelligence about Russian units that has allowed Ukrainians to target and kill many of the Russian generals who have died in action in the Ukraine war, according to senior American officials.”

Why would Joe Biden be bragging about killing Russians in Ukraine if he wasn’t trying to provoke us into a hot war? “The administration has sought to keep much of the battlefield and maritime intelligence it is sharing with the Ukrainians secret out of fear it will be seen as an escalation and provoke President Vladimir V. Putin of Russia into a wider war. But in recent weeks, the United States has sped heavier weapons to Ukraine and requested an extraordinary $33 billion in additional military, economic and humanitarian aid from Congress, demonstrating how quickly American restraints on support for Ukraine are shifting.”

Priest

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“In the target practice galleries of Washington politics, Vlad became the Donald’s avatar.”

Sleepy Joe’s $33 Billion Abomination (Stockman)

Donald Trump has been well relegated to the sidelines of America’s political debate, but the TDS (Trump Derangement Syndrome) lives on, more virulent than ever. The latter is what’s behind Washington’s descent into the current mindless Ukraine war fever—an outbreak of irrationality that makes even the post-9/11 hysteria seem like an orderly discourse. At the center of this madness, of course, is Vladimir Putin, the Devil Incarnate. Prior to February 24th he had attained that designation in Imperial Washington not just because of his rough methods of governance in Russia or small time military forays in the 2008 South Ossetia/Georgia dispute or in putting down alleged terrorists in Chechnya, but because according to the RussiaGate hoax he had thrown the election to Donald Trump in 2016, thereby shockingly interrupting the rule of the bipartisan duopoly.

Accordingly, for the next four years the apparatus of official Washington–including the MSM in cahoots with the national security state—did not cease in its vilification of Putin via the running RussiaGate Hoax, the phony Mueller investigation, the rogue impeachment proceedings and the nonstop MSM linkage of Trump’s unwelcome presence in the Oval Office with the nefarious doings of Vlad Putin. At length, the TDS got so virulent and all-consuming inside the beltway that the resulting enmity toward Donald Trump became coterminous with the demonization of Putin. Consequently, when Trump got ushered off the stage (barely) by the American electorate in November 2020, Washington’s war on the Donald simply got re-focused with fevered intensity on Putin. In the target practice galleries of Washington politics, Vlad became the Donald’s avatar.

Needless to say, with the politicians in both parties foaming at the mouth against Putin, the Deep State and military-industrial complex had a field day hyping Russia into a national security threat that was not remotely justified, but which did massively distort policy. That includes perpetuating the Donald’s insanely bloated national security budget even further to $813 billion in the FY 2023 Biden request; stonewalling Russia’s reasonable proposals of December to reset security arrangements in eastern Europe, which would have precluded the devastation now besetting Ukraine entirely; and, after February 24th, turning the intramural dispute between Russia and its historic vassal and step-child, Ukraine, into a purported history-defining contest between peaceful Democracy and belligerent Autocracy—a struggle that justified launching a global Sanctions War against the very essence of the dollar-based payments and trading system upon which America’s tenuous prosperity precariously rests.

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“You remember when his attorney general said, you know, anyone who holds extremist or anti-authority views will be targeted for investigation and potential prosecution by their domestic terrorist unit..”

Tulsi Gabbard Bashes Biden For Calling Millions Of Americans Terrorists (Blaze)

President Joe Biden lashed out at the “MAGA crowd” and supporters of former President Donald Trump on Wednesday. The harsh and derogatory disparagement against tens of millions of Americans prodded former Democratic presidential candidate Tulsi Gabbard to condemn President Biden. On Wednesday, Biden suggested that the potential overturning of Roe v. Wade was a slippery slope. Biden proposed a hypothetical situation, “What happens if you have states change the law saying that children who are LGBTQ can’t be in classrooms with other children?” President Biden told reporters at the White House, “Is that legit under the way the decision is written? What are the next things that are going to be attacked?” “Because this MAGA crowd is really the most extreme political organization that’s existed in American history, in recent American history,” Biden said, making a reference to Trump’s “Make America Great Again” movement.

[..] Gabbard was incensed by Biden’s incendiary remarks and slammed the president during an appearance on Fox News’ “Hannity.” “When you look at the President of the United States of America calling millions of Americans, essentially terrorists, people who politically opposed him or voted against him, he’s calling them terrorists in an attempt to intimidate them into silence. And we know this because we’ve heard this before from both him and his attorney general.” Gabbard pointed to the Justice Department’s newly-formed “Domestic Terrorism Unit” that will target the “elevated threat from domestic violent extremists.” “You remember when his attorney general said, you know, anyone who holds extremist or anti-authority views will be targeted for investigation and potential prosecution by their domestic terrorist unit,” Gabbard said.

“So he’s essentially saying that this, quote-unquote ‘MAGA’ crowd are worse than terrorists. This is outrageous.” “And so for every American who’s watching, every American who’s seen this, no matter how you feel about the MAGA crowd, this is an authoritarian assault on our freedom,” the former Democratic congresswoman from Hawaii proclaimed. “And we need to stand together very strongly against this attempt to intimidate and silence anyone who holds political views that are different from or opposed to what this president and his administration are furthering. This is an assault on our democracy.”

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“I’m on the warpath!” he declared.”

Elon Musk Expected to Axe Twitter’s Censorship Team, Become CEO (BN)

Billionaire tech entrepreneuer Elon Musk is “on the warpath.” Musk is now “expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company,” according to CNBC’s David Faber. The Tesla founder and CEO has the Woke establishment in full meltdown, even reportedly bringing the Big Tech platform’s Trump-banning chief counsel Vijaya Gadde to tears. She’s now expected to be axed. Musk, known for his cryptic tweets, alluded to shaking up the leadership team; of course, he did it with a meme. The context for the meme was provided by Newsmax’s Benny Johnson. It regards an interview between Tim Pool and the Twitter chief counsel herself.

“So your platform restricts speech?” Pool asked. “Our platform promotes speech unless people violate our rules,” Gadde replied. “In a specific direction,” he said. “In any direction,” she argued. “It’s about a pattern and practice of violating our rules.” Pool pointed out the obvious: “You have a pattern and practice of banning only one faction of people.” Then, Pool cited a report from Quillette. It found that out of 22 high-profile bannings from 2015, “21 of them were only on one side of the cultural debate.” “But I don’t look at the political spectrum of people when I’m looking at their tweets,” she claimed.


Musk has big plans for one of the most influential social media platforms. At the Met Gala on Saturday, he discussed his vision with the Associated Press. “Well, I mean, the goal that I have, should everything come to fruition with Twitter, is to have a service that is broadly — is as broadly inclusive as possible where ideally most of America is on it and talking!” Musk told the AP. “I think just generally, the — I’m looking for something that’s like I said as broadly inclusive as possible, that’s as trusted as possible as a system, and I hope we are successful in that regard,” he continued. “I’ve also vowed this publicly that we have to get rid of the bots, trolls, scams, and everything,” he added. “That’s obviously diminishing the user experience and we don’t want people to get tricked out of their money and that kind of thing.” “I’m on the warpath!” he declared.

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“Twitter risks becoming a cesspool of misinformation, with your brand attached, polluting our information ecosystem in a time where trust in institutions and news media is already at an all-time low..”

Musk Blasts Soros ‘Dark Money Groups’ Threatening Twitter Advertisers (ZH)

Elon Musk’s purchase of Twitter has the world’s elites in panic mode – with the Biden administration launching a “Disinformation Governance Board” days after his announcement…followed by the United States, the EU, and 32 non-EU countries announcing a “Declaration for the Future of the Internet” that includes language to require web services to remove illegal content and prevent ‘harm’ to users – which is code for mean tweets, among other things. Another globalist, Bill Gates, is talking greasy after Musk compared the world’s former richest man to the pregnant man emoji. Musk’s purchase also prompted a constellation of 26 Soros-linked NGOs to sign a letter expressing concern about the plan – writing that “Elon Musk’s takeover of Twitter will further toxify our information ecosystem and be a direct threat to public safety, especially among those already most vulnerable and marginalized.”


The authors that under Musk’s management, “Twitter risks becoming a cesspool of misinformation, with your brand attached, polluting our information ecosystem in a time where trust in institutions and news media is already at an all-time low,” adding “Your ad dollars can either fund Musk’s vanity project or hold him to account. We call on you to demand Musk uphold these basic standards of community trust and safety, and to pull your advertising spending from Twitter if they are not.” Those advertising on Twitter would risk their company associating “with a platform amplifying hate, extremism, health misinformation, and conspiracy theorists,” according to the letter. A quick look at the signatories:

Musk responded to the campaign against him by asking “Who funds these organizations that want to control your access to information? Let’s investigate …” adding “Sunlight is the best disinfectant.”

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“..Clinton and others hope that the Europeans can replace corporate censorship with good old-fashioned state censorship…”

Musk Summoned to Parliament for his Pledge to Restore Free Speech (Turley)

I previously wrote about Hillary Clinton’s call on European countries to pass censorship laws to force social media companies like Twitter to regulate speech even after Elon Musk’s pledge to restore free speech to Twitter. Now the Parliament has called on Musk to testify and to explain his alarming pledge to restore free speech. The Biden Administration’s Disinformation Governance Board head, Nina Jankowisz, previously called upon Great Britain to impose state censorship rules. That call has grown since Musk’s purchase. Until now, a unified front of corporate censors was able to maintain an extensive system of censorship with the encouragement of politicians and pundits, including Joe Biden and Democratic members .

The head of the Digital, Culture, Media and Sport Committee in the House of Commons, Conservative MP Julian Knight has assured her countrymen that they can stay calm and censor on. She issued a letter for Musk to appear before the committee to answer for his terrifying suggestion of free speech: “At a time when social media companies face the prospect of tighter regulations around the world, we’re keen to learn more about how Mr Musk will balance his clear commitment to free speech with new obligations to protect Twitter’s users from online harms.”

Like the EU’s censorship plans under the Digital Services Act, the proposed Online Safety Bill would introduce state censorship through the purview of Ofcom (The Office of Communications), the broadcasting regulator in Britain. It would allow the company to fine firms up to ten percent of their global revenue should they violate ill-defined “harm” standards. If passed, Clinton and others hope that the Europeans can replace corporate censorship with good old-fashioned state censorship. This includes confiscatory fines for anything deemed “grossly offensive.“ The bill would allow countries like Great Britain to impose censorship on the rest of the world.

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“These challenges are difficult but pale in comparison to reinventing space travel.”

Five Steps to Free Speech in Social Media: A Musk Roadmap (Turley)

5. Protect against Surrogate State Censors.

As it became more likely that Musk could buy Twitter, there was a notable shift in the comments of pro-censorship figures. Hillary Clinton, who has long been viewed as hostile to free speech values, went to Twitter to call on the European Union to quickly pass the Digital Services Act in Europe to force censorship “before it’s too late.” That time table appears to be the Musk takeover when the public will suddenly have a free speech alternative to the once solid alliance of censorship among social media companies. Since figures like Clinton cannot count on corporate surrogates to censor, they are returning to good old-fashioned state censorship. If the DSA is passed, they hope to force Twitter to resume censoring material – a warning echoed by EU officials this week. Congress needs to act to blunt such an attack on American companies seeking to restore free speech values.

At the same time, the United Kingdom is pushing its own Online Safety Act and recently Musk was summoned to Parliament to answer for his alarming suggestion of restoring free speech on social media. The British are assuring citizens to “stay calm and censor on” despite Musk’s pledge. It is threatening to take ten percent of the company’s profits if Musk does not censor users. Musk will have to create firewall or siloed systems for countries forcing censorship. These systems should post tweets with a warning that these users are being subjected to national censorship standards while protecting U.S. users from having their free speech reduced to the lower common denominator.

These challenges are difficult but pale in comparison to reinventing space travel. The greatest asset that Musk brings to Twitter beyond a deep pocket and deep faith in free speech is his legendary creativity. He tends to focus on a horizon rather than the obstacles or opponents before him. Free speech remains a horizonal ideal but one that is attainable for someone with unflagging commitment and creativity. This could be the ultimate “moon shot” for Musk to bring free speech back to the Internet.

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Think this was also banned from Twitter.

2000 Mules (AG)

After the 2020 election, government officials and their allies in the media repeated the mantra that the election was the “most secure in American history,” Dinesh D’Souza pointed out before the premiere of his new documentary film 2000 Mules at Mar-a-Lago, Wednesday night. But how would they know that? D’Souza wondered. Even if they couldn’t prove the election was rigged, “it still doesn’t follow that it was the most secure election in history,” he said. “The only way you could prove that would be if you were to compare the amount of fraud in 2020 with 2016, with 2012, with 2008, with 2004, and show that there has been less fraud now than in any of those elections.”

D’Souza’s question is a good one. Did election officials study the security of every election prior to 2020 to make the determination that the 2020 election was “the most secure ever”? Or were they just spinning another false narrative that benefits one side of the aisle? The movie 2000 Mules handily answers that question. Using state-of-the-art technology, the film convincingly makes the case that the 2020 presidential election was perhaps the most unsecure election ever, and was stolen from former President Trump.

The election intelligence organization True The Vote gathered geospatial and temporal data—amounting to a total of 10 trillion cell phone pings—between Oct. 1 and Nov. 6 in the battleground states of Georgia, Arizona, Michigan, Wisconsin, Pennsylvania, and Texas. The researchers looked at data surrounding ballot drop boxes in targeted areas, as well as UPS stores and select government, commercial, and non-governmental organization (NGO) facilities. This data, coupled with the surveillance video of the drop boxes, provide damning evidence of a coordinated illegal ballot trafficking operation across critical swing states. “Without free and fair elections, we are not a democracy, we are a criminal cartel masquerading as a democracy,” D’Souza argues in the movie.

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The vaccines still haven’t done enough harm, apparently.

FDA Limits Use of Johnson and Johnson Vaccine Due to Blood Clots (CTH)

The FDA has limited the use of the Johnson and Johnson COVID vaccine to only those over 18-years-old due to blood clotting issues. Johnson & Johnson’s Covid-19 vaccine is now limited to adults due to the risk of a rare blood clotting syndrome. FDA – “Today, the U.S. Food and Drug Administration has limited the authorized use of the Janssen COVID-19 Vaccine to individuals 18 years of age and older for whom other authorized or approved COVID-19 vaccines are not accessible or clinically appropriate, and to individuals 18 years of age and older who elect to receive the Janssen COVID-19 Vaccine because they would otherwise not receive a COVID-19 vaccine.” (read more)


WHAT CHANGED? – “The FDA and CDC have continuously monitored for and investigated all suspected cases of TTS reported to VAERS. In an updated analysis of TTS cases following administration of the Janssen COVID-19 Vaccine that were reported to VAERS through March 18, 2022, the FDA and CDC have identified 60 confirmed cases, including nine fatal cases. The FDA has determined that the reporting rate of TTS is 3.23 per million doses of vaccine administered and the reporting rate of TTS deaths is 0.48 per million doses of vaccine administered.”

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“..if every vaccinated pilot were to be screened, there would be somewhere around a 30 percent loss in manpower..”

McCullough: 30% of US Pilots May Have COVID Jab-Induced Heart Conditions (ET)

Are we on the precipice of a major uptick in serious heart problems among otherwise young, healthy Americans due to the mass-disseminated mRNA COVID shots? Observations from several medical experts, including a well-known cardiologist, suggest that we are. Some individuals who appear to be facing worrisome jab-related heart problems are commercial airline pilots. Advocacy groups also say these pilots are being forced to keep mum about their health issues—and that a far greater percentage of them are likely suffering than the U.S. Federal Aviation Administration (FAA) would like to admit. Joshua Yoder is an airline pilot and co-founder of the U.S. Freedom Flyers (USFF), an advocacy group formed to help transportation industry employees maintain their medical autonomy and oppose federal vax statutes.

As noted by the website American Greatness, Yoder recently disclosed in an interview with Vaccine Safety Research Foundation founder Steve Kirsch that the USFF has already received hundreds of reports of pilots experiencing chest pain and other adverse side effects of COVID shots while flying planes. Of course, people experiencing chest pain caused by jab-related pericarditis or myocarditis (heart inflammation) is concerning enough. But to know that men and women are experiencing these issues while flying commercial aircrafts is deeply worrisome, Yoder says. Plus, many of these airline pilots are reluctant to speak out about their health problems because they fear losing their jobs. “I’m afraid if we keep going down this path,” he said in his interview with Kirsch, “at some point, it’s going to end in catastrophe.”

“If passengers actually knew what was going on at the airlines and the FAA,” he adds, “they would be livid, and everyone would be jumping on a class action suit against all of them.” In his interview, Yoder also shared what well-known Texan cardiologist Dr. Peter McCullough said to him in a prior conversation: “if every vaccinated pilot were to be screened, there would be somewhere around a 30 percent loss in manpower” due to new jab-related cardiac issues.

Kolakusic

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Major US export.

UN: Obesity Levels In Europe At ‘Epidemic Proportions’ (AP)

The World Health Organization says the rates of people who are obese and overweight in Europe have hit “epidemic proportions,” with nearly 60% of adults and a third of children in one of those categories. In a report issued Tuesday, the UN health agency’s European office said the prevalence of obesity among adults is higher across the continent than any other world region – except for the Americas. “Alarmingly, there have been consistent increases in the prevalence of overweight and obesity in the WHO European region and no member state is on track to reach the target of halting the rise in obesity by 2025,” the report said. Among the countries it counts in its Europe region, WHO said the highest rates of obesity were seen in Turkey, Malta, Israel and Britain.

WHO said being overweight or obese is among the leading causes of death in the region and is responsible for more than 1 million deaths every year. Scientists have long warned that being heavy significantly increases the risk of numerous diseases, including respiratory conditions, diabetes and at least 13 cancers. It is also the leading risk factor for disability. “During the Covid-19 pandemic, we experienced the true impact of the obesity epidemic,” WHO Europe director Dr Hans Kluge wrote in the report. He noted that the obese were “more likely to experience severe outcomes of the Covid-19 disease spectrum, including intensive care unit admissions and death.”

Kluge also said that Covid-19 interventions like school closures and lockdowns often raised the risk of gaining weight when people turned to unhealthy diets and were forced to be sedentary. WHO called for countries to adopt policies to improve “environmental factors” linked to obesity, including taxing sugary drinks, restricting the marketing of unhealthy foods to children and efforts to improve physical activity In the US, the Centers for Disease Control and Prevention says about 74% of Americans over age 20 are obese or overweight.

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There goes my faith in mankind…

EU Officials Being Trained To Meditate To Help Fight Climate Crisis (G.)

Brussels officials are being trained to meditate to help them tackle the climate crisis as part of a new wave of “applied mindfulness” that seeks to take the Buddhism-inspired practice “off the cushion” and into hard politics. EU officials working on the 27-country bloc’s green deal climate policy are attending “inner green deal” courses intended to foster a deeper connection among decision-makers and negotiators tasked with tackling the crisis. The courses incorporate woodland walks near Brussels and meditation sessions, including one that invites participants to feel empathy for trees and animals to boost “environmental compassion”. Some managers have reportedly shown impatience at being asked to meditate and want to “get on with business”.


But early results from the first 80 participants suggest the course has strengthened officials’ motivation to tackle climate problems and overcome personal despair that little can be done. Mindfulness has boomed in the west in recent years through courses, meditation apps and books. But it has drawn criticism that it has become a “religion of the self”, with one critic warning of “McMindfulness”. However, it is recognised by the NHS as an effective treatment for recurrent depression when delivered as mindfulness-based cognitive therapy. Now advocates of “applied mindfulness” believe it could accelerate consensus-building between climate decision-makers. A recent report by the Intergovernmental Panel on Climate Change (IPCC) highlighted the need for “inner transitions” and the potential of meditation to encourage lower-carbon lifestyles.

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From the Attorney General for Virginia

 

Unparalleled disaster

 

 

 

 

 

 

 

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May 262019
 


Joseph Mallord William Turner Teasing the Donkey 1827

 

So we’re going to do this all over again? Well, not if I can help it. Not that I have much hope that I can, mind you. As the bastions of war chime on, my voice, like so many others, will be drowned out. The military industrial complex knows how to do propaganda, better than anyone. But I’ll try.

Vietnam gave the US its biggest ever defeat, both militarily and morally, and yet mere years after its deeply humiliating withdrawal was put into action, the country was back at sending its promising young boys and girls not to its school systems, but to far away battle fields to be crippled, traumatized and slaughtered.

I know, I know, the UK and France do that too, but few other places do. Russia today uses its troops to defend its territory, China has yet to reveal its intentions. But the intentions of the US have been known ever since WWII ended.

In 1956, president Eisenhower, himself a longtime military man, warned the country upon taking leave of office, of the military-industrial complex that was threatening to take over its government. Less than 10 years later, that’s exactly what the complex did, and it’s never looked back.

And I’m thinking: you never learned anything at all? Not from Ike, not from Vietnam, not from the non-existent Iraqi WMD, and not from Libya or Syria? How is that even possible? Oh wait, I know, because the New York Times, Washington Post, CNN et al is where you get your so-called news. That’s why. Gotcha.

 

Today, May 26 2019, and I’m deeply ashamed to say it, I have two stories, one concerning a speech by VP Mike Pence at West Point, the other from Caitlin Johnstone about a Twitter thread initiated by the US military itself. Pence’s speech is heart breaking in its ignorance of US history, Caitlin’s is heart wrenching in its acknowledgment of that same history, and what it does to young Americans.

Now, I think this is not about Trump, as many will undoubtedly claim, it’s about Trump and Pelosi and Pence and McCain and Bolton and Hillary and Pompeo and Obama and all of the people hanging around both administrations. Let’s see what YOU think.

Pence To West Point Grads: You Will Fight On a Battlefield for America at Some Point in Your Life

Vice President Mike Pence told the graduating class of the West Point Military Academy on Saturday that the world is “a dangerous place” and they should expect to see combat. “Men and women of West Point, no matter where you’re deployed, you will be the vanguard of freedom, and you know that the “soldier does not bear the sword in vain.” The work you do has never been more important. America will always seek peace, but peace comes through strength. And you are now that strength. It is a virtual certainty that you will fight on a battlefield for America at some point in your life. You will lead soldiers in combat. It will happen.


Some of you will join the fight against radical Islamic terrorists in Afghanistan and Iraq. Some of you will join the fight on the Korean Peninsula and in the Indo-Pacific, where North Korea continues to threaten the peace, and an increasingly militarized China challenges our presence in the region. Some of you will join the fight in Europe, where an aggressive Russia seeks to redraw international boundaries by force. And some of you may even be called upon to serve in this hemisphere. And when that day comes, I know you will move to the sound of the guns and do your duty, and you will fight, and you will win. The American people expect nothing less.”

Mike Pence is a very dangerous person. He’s planning to send American children into endless wars once again, 45-odd years after Vietnam and 20-odd years after Iraq. And there’s no-one left to stop him, other than Trump, Not exactly a solid guarantee. The Democrats will cheer this on, and their media will too. They always have.

Now, I’m not old enough to remember the whole story of the US involvement in Vietnam, but I do recall this 1985 video from Paul Hardcastle, which stated that the average age of the US soldier in Vietnam -towards the end- was 19. I have also seen Coppola’s movie “Apocalypse Now”, and many others, and yes, I’m wondering where today’s versions of these movies are.

 

 

Because, you know, when I read the Twitter thread picked up by Caitlin Johnstone listing what was supposed to be a promo thing from the army, my heart sinks and hurts and in the end is downright defeated. It’s like reading the accounts from Vietnam, and nothing has changed in 50+ years. How can that be? Says innocent me.

But religious nut Mike Pence has the guts to present this as some sort of heroic thing. For young Americans to go die in a desert for nothing at all other than Exxon’s access to oil and the profits of Boeing and Raytheon. And of course they’ve been setting this up for decades, that young kids -certainly blacks- who have no shot at a proper education, can get one only if they agree to become cannon fodder.

That’s ‘Nam, guys, that’s the 1960’s, history. And just look at how terribly that failed. Well, Mike Pence would like to repeat that failure.

The US Army Asked Twitter How Service Has Impacted People. The Answers Were Gut-Wrenching.

After posting a video of a young recruit talking to the camera about how service allows him to better himself “as a man and a warrior”, the US Army tweeted, “How has serving impacted you?” As of this writing, the post has over 5,300 responses. Most of them are heartbreaking. “My daughter was raped while in the army,” said one responder. “They took her to the hospital where an all male staff tried to convince her to give the guy a break because it would ruin his life. She persisted. Wouldn’t back down. Did a tour in Iraq. Now suffers from PTSD.”

“I’ve had the same nightmare almost every night for the past 15 years,” said another. Tweet after tweet after tweet, people used the opportunity that the Army had inadvertently given them to describe how they or their loved one had been chewed up and spit out by a war machine that never cared about them. This article exists solely to document a few of the things that have been posted in that space, partly to help spread public awareness and partly in case the thread gets deleted in the interests of “national security”.

 

“my grandpa served in vietnam from when he was 18–25. he’s 70 now and every night he still has nightmares where he stands up tugging at the curtains or banging on the walls screaming at the top of his lungs for someone to help him. he refuses to talk about his time and when you mention anything about the war to him his face goes white and he has a panic attack. he cries almost every day and night and had to spend 10 years in a psychiatric facility for suicidal ideations from what he saw there.”

 

“My best friend joined the Army straight out of high school because his family was poor & he wanted a college education. He served his time & then some. Just as he was ready to retire he was sent to Iraq. You guys sent him back in a box. It destroyed his children.”

 

“My best friend from high school was denied his mental health treatment and forced to return to a third tour in Iraq, despite having such deep trauma that he could barely function. He took a handful of sleeping pills and shot himself in the head two weeks before deploying.”

If you got the stomach for it, guys, do read it. But I got to tell you, I find it hard.

The US killed millions of people and maimed ten times that in Vietnam, and that very much includes its own young and promising American citizens, and they did it again in Iraq. Mike Pence wants to repeat that in Iran and other theaters. Supported by Pelosi, Pompeo, Schumer, Bolton etc. Shame for them John McCain passed.

There’s only one US presidential candidate who’s explicitly spoken out against this mad repeat of Vietnam, and that’s Tulsi Gabbard, who actually “served” in Iraq. So she will be pushed aside by the DNC. Who are funded by the military industrial complex, don’t you know. Must serve the machine. We have a long way to go.

I always thought that Springsteen talking about Vietnam from Born In The USA is sort of like a haiku, encompassing the essence in just a few words, even if he doesn’t catch all the misery and bloodshed and mental anguish and broken lives and all of it (but how could you?):

 

I had a brother at Khe San;

Fighting off the Viet Cong

They’re still there, he’s all gone

He had a woman he loved in Saigon

I got a picture of him in her arms now

 

I know people older than me have many more examples of this and from the time when the ‘war’ was actually ongoing. Eve of Destruction? Creedence? Please send suggestions.

But also, please recognize the similarities in the madness then and now.

And let’s try and make it stop.

Let’s try and stop history from even rhyming, let alone repeating.

Nassim Taleb likes to point out that in olden days those who declared wars would also be first in line to fight them. By design. The fair thing to do.

Let’s send Mike Pence and Nancy Pelosi and Donald Trump and Chuck Schumer and Mike Pompeo and John Bolton and all of their families into Iran first. And then we can talk.

 

 

 

 

 

Feb 042019
 


René Magritte Morning star 1938

 

Maduro Warns White House Will Be ‘Stained With Blood’ If Trump Invades (G.)
Regional Bloc Plans Pressure Campaign Against Venezuela’s Maduro (R.)
Austerity And Welfare Cuts Main Driver Behind Brexit Vote (Ind.)
Hard Brexiters Say Only Acceptable Way Forward Is To Remove Backstop (G.)
Theresa May Launches Committee To Find Irish Backstop Alternatives (Ind.)
UK Home Secretary Dismisses Speculation Of Snap General Election In June (G.)
Macron Blames Social Media & Russia For Yellow Vests (RT)
NBC News Claims Russia Supports Tulsi Gabbard (Greenwald)
D-Day For Australian Banks As Bombshell Inquiry Report Set For Release (R.)
MAGA Misses the Eurasia Train (Escobar)
The Chinese Were White – Until White Men Called Them Yellow (SCMP)
Animals And Birds Under Increasing Threat From Plastic Waste (G.)
Bacteria Glues Plastic Together Posing Even Deadlier Threat To Sea Life (Ind.)

 

 

Maduro has been practicing the Trump style.

Maduro Warns White House Will Be ‘Stained With Blood’ If Trump Invades (G.)

Venezuela’s embattled leader, Nicolás Maduro, has warned Donald Trump he will leave the White House “stained with blood” if he insists on pursuing what he called a “dirty” imperialist conspiracy to overthrow him. “Stop. Stop, Trump! Hold it right there! You are making mistakes that will leave your hands covered in blood and you will leave the presidency stained with blood,” Maduro warned during a combative interview with the Spanish journalist Jordi Évole. “Why would you want a repeat of Vietnam?” He also rejected European calls for elections, saying: “We don’t accept ultimatums from anyone. I refuse to call for elections now – there will be elections in 2024. We don’t care what Europe says.” He added: “You can’t base international politics on ultimatums. That’s the stuff of the empire, of colonial times.”

Tens of thousands of Venezuelan protesters streamed through the capital, Caracas, on Saturday to demand the exit of a president who has led the oil-rich South American nation into economic collapse and humanitarian crisis. [..] in his television interview Maduro – who came to power after the 2013 death of his political mentor, Hugo Chávez – signalled that he had no plans to go anywhere. “If the north American empire attacks us, we will have to defend ourselves … We aren’t going to hand Venezuela over,” Maduro said. The UN estimates that more than 3 million Venezuelans have fled overseas in recent years to escape hyperinflation, shortages of food, medicine and healthcare and chronic insecurity. That number is expected to rise to more than 5 million this year.

Read more …

Trump and Trudeau, a happy couple. And of course Canada belongs in a regional bloc with Venezuela, it’s right next door.

Regional Bloc Plans Pressure Campaign Against Venezuela’s Maduro (R.)

A major bloc of Latin American nations and Canada will discuss on Monday how to maintain pressure on Venezuelan President Nicolas Maduro to hold new elections as he faces widespread calls to resign after last year’s disputed presidential vote. Sources briefed on the matter said that the 14-nation Lima Group looked set, though, to hold off imposing further sanctions on the Maduro government when it meets in Ottawa. Most group members say Maduro should quit in favour of opposition leader Juan Guaido – who declared himself interim president last month – and are calling for a new presidential election in the troubled OPEC nation.

The United States, which is not a member of the group, also wants Maduro gone. “How can we continue to support the opposition to keep the pressure up on the regime and push for new elections? Certainly that’s something we’ll be looking at,” said a Canadian government official. Maduro, who has overseen an economic collapse and the exodus of millions of Venezuelans, said in an interview that aired on Spanish television channel Antena 3 on Sunday: “We don’t accept ultimatums from anyone,” adding: “I refuse to call for elections now – there will be elections in 2024.” [..] Trudeau spoke on Sunday to Guaido and the two “discussed the importance of the international community sending a clear message regarding the illegitimacy of the Maduro regime,” Trudeau’s office said.

Read more …

How the Tories got their Brexit.

Austerity And Welfare Cuts Main Driver Behind Brexit Vote (Ind.)

Welfare cuts and other austerity measures implemented under the Conservatives pushed vital swing voters to back Brexit and won the EU referendum for the Leave campaign, according to a new report. Research published by the Social Market Foundation suggests the best indicator of a person’s referendum vote was not age or education, but happiness or sadness about their personal finances – with unhappy people tending to vote Leave and contented ones preferring Remain. The report, which analysed the level of cuts in each area of the UK alongside each area’s growth in support for Ukip, argues that had it not been for austerity, the referendum would not have turned out the way it did.

It found that in districts that received the average austerity shock, Ukip vote shares were on average 11.62 percentage points higher in the most recent local elections prior to the referendum than in districts with little exposure to austerity. As well as area-level analysis, the report looked at individual-level data and found that some people directly affected by welfare cuts shifted their political support to Ukip and rejected the political establishment. “Households exposed to the bedroom tax increasingly shifted to support Ukip and experienced economic grievances as they fell behind with their rent payments due to the cuts,” the paper stated.

As much as 9 percentage points of the 52 per cent support for Leave – around 3 million votes – was decided by concern about austerity and related issues, the researchers estimated. It suggests that without the effect of the “austerity shock” on welfare and public services, the Leave share of the referendum vote could have been as low as 43 per cent, delivering a comfortable win for Remain.

Read more …

Ruled out by EU.

Hard Brexiters Say Only Acceptable Way Forward Is To Remove Backstop (G.)

Hard Brexiters have warned Theresa May that the only proposal they are likely to support to break the Brexit impasse is a version of the “Malthouse compromise”, which envisages removing the backstop from the draft European Union exit treaty. Steve Baker, vice chair of the European Research Group, said that he and other Conservative Eurosceptics could not support the alternative they believed Theresa May favoured – an addendum to the existing EU withdrawal agreement. Baker is one of five backbench MPs who will meet Steve Barclay, the Brexit secretary, on Monday, in the first meeting of a new working group aimed at examining whether technological solutions could eliminate the backstop.

The “Malthouse compromise” – named after the junior minister, Kit Malthouse, who brokered it – is a proposal to replace the unpopular backstop with alternative technological arrangements to prevent the return of a hard border in Ireland. It is supported by Baker, other Eurosceptics and the pro-remain former ministers Nicky Morgan and Damian Green, both of whom will attend further meetings with Barclay on Tuesday and Wednesday. “As far as I’m concerned the Malthouse compromise is the only game in town if we’re going to reach an agreement in Brussels,” Baker said, indicating that only rewriting the draft withdrawal agreement to remove the backstop would satisfy Tory Brexiters.

Last week MPs voted in favour of an amendment in the name of Sir Graham Brady, a senior Conservative, to examine the possibility of new customs arrangements but it is unclear that the necessary technology exists. May also instructed Geoffrey Cox, the attorney general, to examine two other proposals that could be taken to Brussels – whether it would be possible to time-limit the backstop or to introduce a unilateral exit mechanism for the UK.

Read more …

53 days to go: plenty time to waste.

Theresa May Launches Committee To Find Irish Backstop Alternatives (Ind.)

Theresa May has been accused of “wasting valuable time” in the countdown to Britain’s exit from the EU as she announced plans to establish a Commons group probing alternative plans for the Irish border post-Brexit. Despite the prime minister’s hopes of reopening the withdrawal agreement already being dashed by EU leaders with just 53 days to go until Brexit, the new committee made up of senior Tory MPs will meet for the first time on Monday. Brexit secretary Stephen Barclay is expected to attend the sessions, alongside support from officials at HM Revenue and Customs, the Cabinet Office, and No 10. The group will aim to provide “alternative arrangements” to the backstop – the EU’s insurance policy in the withdrawal agreement that aims to avoid a hard border in Ireland.

[..] But the EU’s deputy chief negotiator, Sabine Weyand, has already dismissed using existing technology as an alternative solution to the question of the Irish border. “We looked at every border on this Earth, every border the EU has with a third country – there’s simply no way you can do away with checks and controls,” she said last week. Ireland’s deputy prime minister Simon Coveney also rubbished the idea of “alternative arrangements”, adding in The Sunday Times: “This is not a new concept. The EU is committed to trying to agree alternative arrangements to replace the backstop. We want a comprehensive future relationship in place by the end of 2020 so the backstop is never used.

Read more …

So they leave on March 29 and hold elections 2-3 months later?

UK Home Secretary Dismisses Speculation Of Snap General Election In June (G.)

Sajid Javid has said “the last thing we want is a general election”, emphasising that the government is still hoping to secure a time limit or unilateral exit mechanism for the Irish border backstop. The home secretary dismissed newspaper reports that Downing Street strategists were considering holding a snap general election on 6 June, if Theresa May cannot get her Brexit deal through parliament before the 29 March deadline. “The last thing we want is a general election, the people will never forgive us for it,” Javid told the BBC’s The Andrew Marr Show. “They want politicians to get on with the job. They have been given a very clear mandate, now it’s our job to get on with it.”

There are signs that the Conservatives have started to gear up for a possible snap election, with the party’s chief executive, Sir Mick Davis, placing the Tories on a “war footing” last week and increased fundraising activities under the cover of the local elections in May. A poll by Opinium for the Observer showed the Conservatives seven points ahead of Labour on 41%, but few people believe the party would risk going to the country under May’s leadership after the disaster of 2017, when its overall majority was lost. “I know that Conservative party headquarters is planning on only one set of elections, which is the local government elections. The last thing this country wants is an election; they want parliament to deliver Brexit in an orderly way,” Javid said.

Read more …

“[far] rightists, leftists, and the Russians.”

Macron Blames Social Media & Russia For Yellow Vests (RT)

Who is at fault for Yellow Vest protests raging in France since November? For President Emmanuel Macron it’s not actual economic problems or his own decisions, but the right, the left, social media and, of course, “Russes.” Macron blasted the nation’s mainstream media for failing to control the narrative and argued that social networks and “the Russians” are driving all content instead, with traditional outlets falling into line. The president’s calculated outburst was published by the weekly Le Point on Friday, just before the Yellow Vests officially marked the 12th consecutive week of staging large-scale protests against the government.

The president dismissed Eric Drouet, the 33-year-old trucker who emerged as a prominent figure in the protests, as “a media product, a product of social networks,” and claimed that the demonstrators are being “advised from outside,” without elaborating. He argued that 90 percent of the chatter online about the Yellow Vests comes from the “[far] rightists, leftists, and the Russians.” Yet, 18 months after bending the French party system to his will and his triumphant win against bien-pensant pariah Marine Le Pen, Macron’s excuses for disappointing expectations are running thin. His first cannonade in what was intended to be a sweeping march of modernity, was a labor reform that he claimed would help small businesses. It was met with protests from unions, public sector workers who said it made firing easier, and those fearing loss of benefits.

In a preview of what has now become the norm, Macron dismissed the opponents of his policies as “slackers.” [..] The government has already suspended the fuel tax hike that caused the traffic law-mandated vests to be put on in the first place, while the president has promised to raise the minimum wage. But for many demonstrators these actions are belated, and do not address underlying issues. “It’s not enough. We still have to fight the current taxes, the ones that have been in place for years. We should have woken up years ago, and now we have to make up for the years we missed,” one of the original and most popular Yellow Vests, Ghislain Coutard, told Deutsche Welle, adding that Macron should “come out of his hole and face” the people.

Read more …

It’s a model that works inside the echo chamber.

NBC News Claims Russia Supports Tulsi Gabbard (Greenwald)

NBC News published a predictably viral story Friday, claiming that “experts who track websites and social media linked to Russia have seen stirrings of a possible campaign of support for Hawaii Democrat Tulsi Gabbard.” But the whole story was a sham: the only “experts” cited by NBC in support of its key claim was the firm, New Knowledge, that just got caught by the New York Times fabricating Russian troll accounts on behalf of the Democratic Party in the Alabama Senate race to manufacture false accusations that the Kremlin was interfering in that election. To justify its claim that Tulsi Gabbard is the Kremlin’s candidate, NBC stated: “analysts at New Knowledge, the company the Senate Intelligence Committee used to track Russian activities in the 2016 election, told NBC News they’ve spotted ‘chatter’ related to Gabbard in anonymous online message boards, including those known for fomenting right-wing troll campaigns.”

What NBC – amazingly – concealed is a fact that reveals its article to be a journalistic fraud: that same firm, New Knowledge, was caught just six weeks ago engaging in a massive scam to create fictitious Russian troll accounts on Facebook and Twitter in order to claim that the Kremlin was working to defeat Democratic Senate nominee Doug Jones in Alabama. The New York Times, when exposing the scam, quoted a New Knowledge report that boasted of its fabrications: “We orchestrated an elaborate ‘false flag’ operation that planted the idea that the [Roy] Moore campaign was amplified on social media by a Russian botnet.’”

[..] In any event, NBC News, to smear Gabbard as a Kremlin favorite, relied on a group that it heralded as “experts” without telling its audience about the major fraud which this firm just got caught perpetrating in order – on behalf of the Democratic Party – to fabricate claims of Kremlin interference in the Alabama Senate race. That’s because the playbook used by the axis of the Democratic Party, NBC/MSNBC, neocons and the intelligence community has been, is and will continue to be a very simple one: to smear any adversary of the establishment wing of the Democratic Party – whether on the left or the right – as a stooge or asset of the Kremlin (a key target will undoubtedly be, indeed already is, Bernie Sanders).

Read more …

They’ll just paper it all over.

D-Day For Australian Banks As Bombshell Inquiry Report Set For Release (R.)

The Australian government is due to release on Monday the final recommendations of the independent inquiry that exposed systemic wrongdoing in Australia’s financial sector last year, likely leading to sweeping changes to the country’s banking industry. The big banks, insurers, pension funds and regulators who oversee the financial industry are bracing for a brutal summary of their misdeeds and weaknesses, and a list of tough recommendations including possible criminal charges. The Royal Commission was a quasi-judicial independent body led by a former high court judge that was tasked by the government, reluctantly at first, with investigating financial sector misconduct following a string of banking scandals.

For 11 months its public hearings shocked the country and wiped more than A$60 billion ($43.4 billion) from top financial stocks as investors factored in the prospect of tougher regulation, higher compliance costs and thinner margins. Regulators were also grilled by the commission’s barristers about why they seemed reluctant to crack down on wrongdoing, sometimes penalizing firms with little more than a mildly worded press release. “There will be nothing positive in the recommendations because the banks have clearly breached various obligations in the laws, and obligations to good customer service,” said Matthew Wilson, a banking analyst at Deutsche Bank.

Read more …

Pepe appears blind to China’s multiple bubbles. I could see them halt any expansion and close their borders first to sort out the financial mess.

MAGA Misses the Eurasia Train (Escobar)

We should know by now that the heart of the 21st Century Great Game is the myriad layers of the battle between the United States and the partnership of Russia and China. Even the U.S. National Defense Strategy says so: “The central challenge to U.S. prosperity and security is the reemergence of long-term, strategic competition by … revisionist powers.” The recently published assessment on U.S. defense implications of China’s global expansion says so too. The clash will frame the emergence of a possibly new, post-ideological, strategic world order amidst an extremely volatile unpredictability in which peace is war and an accident may spark a nuclear confrontation.

The U.S. vs. Russia and China will keep challenging the West’s obsession in deriding “illiberalism,” a fearful, rhetorical exercise that equates Russian democracy with China’s one party rule, Iran’s demo-theocracy and Turkey’s neo-Ottoman revival. It’s immaterial that Russia’s economy is one-tenth of China’s. From boosting trade that bypasses the U.S. dollar, to increasing joint military exercises, the Russia-China symbiosis is poised to advance beyond political and ideological affinities. China badly needs Russian know-how in its military industry. Beijing will turn this knowledge into plenty of dual use, civilian-military innovations.

The long game indicates Russia and China will break down language and cultural barriers to lead Eurasian integration against American economic hegemony backed by military might. One could say the Eurasian century is already upon us. The era of the West shaping the world at will (a mere blip of history) is already over. This is despite Western elite denials and fulminations against the so-called “morally reprehensible,” “forces of instability” and “existential threats.” Standard Chartered, the British financial services company, using a mix of purchasing power exchange rates and GDP growth, has projected that the top five economies in 2030 will be China, the U.S., India, Japan and Russia. These will be followed by Germany, Indonesia, Brazil, Turkey and the UK. Asia will extend its middle class as they are slowly killed off across the West.

[..] Beijing is realizing it can’t meet its geo-economic goals on energy, security, and trade without bypassing the U.S. dollar. According to the IMF, 62 percent of global central bank reserves were still held in U.S. dollars by the second quarter of 2018. Around 43 per cent of international transactions on SWIFT are still in U.S. dollars. Even as China, in 2018, was the single largest contributor to global GDP growth, at 27.2 percent, the yuan still only accounts for 1 percent of international payments, and 1.8 per cent of all reserve assets held by central banks.

Read more …

Our history. A proud story. We bring democracy and freedom and prosperity.

The Chinese Were White – Until White Men Called Them Yellow (SCMP)

How did East Asians come to be referred to as yellow-skinned? It was the result of a series of racial mappings of the world and had nothing to do with the actual colour of people’s skin. In fact, when complexion was mentioned by an early Western traveller or missionary or ambassador (and it very often wasn’t, because skin colour as a racial marker was not fully in place until the 19th century), East Asians were almost always called white, particularly during the period of first modern contact in the 16th century. And on a number of occasions, even more revealingly, the people were termed “as white as we are”. The term yellow occasionally began to appear towards the end of the 18th century and then really took hold of the Western imagination in the 19th.

But by the 17th century, the Chinese and Japanese were “darkening” in published texts, gradually losing their erstwhile whiteness when it became clear they would remain unwilling to participate in European systems of trade, religion, and international relations. Calling them white, in other words, was not based on simple perception either and had less to do with pigmentation than their presumed levels of civilisation, culture, literacy, and obedience (particularly if they should become Christianised). Swedish botanist and physician Carl Linnaeus decided that varieties of homo sapiens could be similarly separated into four continental types, one of which was called homo asiaticus. The colour of that group, he said, was fuscus, which can be best translated as “dark”. This was in 1735.

Evidently there was some difficulty deciding on a precise colour for Asian Man, since the other three types, European, African, and American, could be “unproblematically” identified according to already accepted stereotypes of white, black, and red. In the tenth edition of Linnaeus’ taxonomy, however, published in 1758, fuscus was silently changed to luridus, meaning “lurid”, “sallow”, or “pale yellow”. The reasons for this alteration were never explained, although luridus also appeared in several of Linnaeus’ botanical publications to characterise unhealthy and toxic plants. Was Asian Man also to be viewed as sickly or dangerous?

Read more …

Animals and birds? You sure about that?

Animals And Birds Under Increasing Threat From Plastic Waste (G.)

Wildlife and pets are under increasing threat from plastic waste and litter, according to new data from the RSPCA, which shows the number of incidents of animals hurt by plastic litter has risen sharply on previous years. Plastic litter led to 579 cases of damage to wildlife or pets that were reported to the animal charity in England and Wales in 2018, up from 473 in 2015. That rise came against a background of falling damage to animals from other forms of litter, down from 4,968 reported incidents in 2015 to 4,579 last year. Water birds and marine animals were particularly at risk, with 28 incidents involving seals hurt by plastic litter in 2018, compared with five in 2015. Among birds, swans were among the worst affected, followed by geese and gulls.

Plastic has become an increasing focus of concern, as it does not break down in the natural environment and can continue to cause problems in waterways for years. The government has increased charges on disposable plastic bags to discourage their overuse, and businesses from supermarkets to consumer goods companies are changing their practices to use less plastic packaging in response to public concerns. But the biggest source of damage to wildlife from litter comes from angling, according to the RSPCA’s findings, with discarded equipment such as lines, nets and hooks causing more than 3,200 of last year’s reports.

“[Fishing] lines can wrap around necks, causing deep wounds in flesh and cutting off the blood supply,” said a spokeswoman for the charity. “Hooks can pierce beaks or feet, become embedded in skin or get caught in the bird’s throat, and weights can be swallowed causing internal injuries and blockages.”

Read more …

It just got a whole lot scarier. Has plastic been banned where you live yet?

Bacteria Glues Plastic Together Posing Even Deadlier Threat To Sea Life (Ind.)

Plastic in the oceans is being turned into an even greater threat to small sea creatures than previously thought because bacteria are sticking particles of it together, scientists have discovered. Glue-like substances secreted by bacteria are sticking tiny bits of plastic to form larger clusters that marine animals could mistake for food, experts fear. They also worry that the clumping could divert the natural flow of food from the ocean surface to the seafloor, leading to deep sea creatures being starved. Researchers at Heriot-Watt University in Edinburgh staged experiments with seawater, adding plastics in conditions simulating the ocean surface. Within minutes, the minuscule pieces of plastic grouped together with bacteria, algae and other organic particles to form larger clumps.

The scientists are said to have been surprised to discover that large masses of biopolymers – molecules made by organisms – formed the bulk of the plastic clusters. About eight million tonnes of plastic are thrown into the ocean each year, research shows. Team member Stephen Summers said: “This is a first step towards understanding how nanoplastics interact with natural biopolymers throughout the world’s oceans. “This is very important, as it is at this small scale that much of the world’s biogeochemistry occurs.” The clumps became visible to the naked eye. “The fact that these agglomerates become large enough to see raises concern, as they are likely to be seen as a food source by small marine animals,” he said.

Read more …

Jan 282017
 
 January 28, 2017  Posted by at 10:23 am Finance Tagged with: , , , , , , , , , ,  6 Responses »


Wassily Kandinsky Autumn Landscape with Boats 1908

US Economy Back Below “Stall Speed” (WS)
Dow Hits 20,000 As US National Debt Reaches $20 Trillion (Snyder)
US Auto Industry In Crisis Amid “Inventory Bubble” (ZH)
Trump’s Crusade on Drug Pricing Puts Both Parties on the Spot (BBG)
Trump Bars Door To Refugees, Visitors From Seven Nations (R.)
EU Lacks Leadership to Tackle Global Crises – Czech Minister (BBG)
‘It Looks as if the World Is Preparing for War’ – Gorbachev (Time)
Congresswoman Returns From Syria With ‘Proof’ Obama Funded ISIS (YNW)
UN Agency Cuts Food Aid To 1.4 Million Displaced Iraqis (AlJ)
The Media Is Now The Political Opposition (Paul Craig Roberts)
Lifting of Sanctions Could Be Costly To Russia (Paul Craig Roberts)
Want To Know How Society’s Doing? Forget GDP – Try These Alternatives (G.)
Canada May Contribute To Dutch-Led International Abortion Fund (AFP)
IMF Says Greece Debt ‘Explosive’ In Long Term (AFP)
Greece: The Game Is On Again (Coppola)

 

 

Nothing is real. And nothing to get hung about. Strawberry Fields forever.

US Economy Back Below “Stall Speed” (WS)

The consensus forecast by economists predicted that the US economy would grow at an rate of 2.2% in the fourth quarter, as measured by inflation-adjusted GDP. The forecasts ranged from 1.5% to 2.8%. The New York Fed’s “Nowcast” pegged it at 2.1%, and the Atlanta Fed’s “GDPNow” at 2.9%. And today, the Bureau of Economic Analysis reported that growth in the fourth quarter was a measly 1.9%. That was down from 3.5% in the third quarter, a spurt that had once again given rise to the now gutted hopes that the US economy would finally emerge from its stall speed. But instead it has slowed down. For the year 2016, the growth rate dropped to 1.6%. It was worse even than 2013, when GDP growth tottered along at 1.7%. And it matched the growth rate in 2011. Both 2016 and 2011 were the worst since 2009 when the US was in the middle of the Great Recession:

In fact, over the past 50 years, anytime the economy grew less than 2% in a year, it was either already in a recession for part of the year, or there’d be a recession the following year. Hence “stall speed” – a speed that is too slow to keep the economy from stalling altogether. [..] So stall speed for the year. But this time it’s different. This is the third year since the Great Recession when GDP growth dropped below 2%. The Fed’s policies of eight years of cheap credit have entailed soaring debt levels among companies, governments, and consumers – money borrowed from tomorrow that was spent today. Borrowing for productive investment is one thing. Borrowing for consumption is another: it boosts GDP but creates a debt overhang with no productive assets that generate income to service that debt in the future; that debt service for prior consumption then acts as a burden on future consumption.

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You can’t buy growth. You can just fake it for a while.

Dow Hits 20,000 As US National Debt Reaches $20 Trillion (Snyder)

The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt.  On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars

 

Is this just a coincidence?  As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time.

 

For example, when Ronald Reagan took office in 1991, the U.S. national debt had just hit 994 billion dollars and the Dow was sitting at 951.  And as you can see from this chart by Matterhorn.gold via David Stockman, roughly that same ratio has held true throughout subsequent presidential administrations…

During the Clinton years the Dow raced out ahead of the national debt, but an “adjustment” during the Bush years brought things back into line. The cold hard truth is that we have been living way above our means for decades.  Our “prosperity” has been fueled by the greatest debt binge in the history of the world, and we are greatly fooling ourselves if we think otherwise.We would never have gotten to 20,000 on the Dow if Barack Obama and Congress had not gotten us into an extra 9.3 trillion dollars of debt over the past eight years. Unfortunately, most people do not understand this, and the mainstream media is treating “Dow 20,000″ as if it is some sort of great historical achievement

“The average began tracking the most powerful corporate stocks in 1896, and has served as a broad measure of the market’s health through 22 presidents, 22 recessions, a Great Depression, at least two crashes and innumerable rallies, corrections, bull and bear markets. The blue chip reading finally cracked the 20,000 benchmark for the first time early Wednesday. During the current bull market, the second longest in history, the Dow has more than tripled since March 2009.”

Since Donald Trump’s surprise election victory, the Dow has now climbed by approximately 2150 points. And it took just 64 calendar days for the Dow to go from 19,000 to 20,000.  That is an astounding pace, and financial markets around the rest of the planet are doing very well right now too. In fact, global stocks rose to a 19 month high on Wednesday. So where do we go from here? Well, if Donald Trump wants to see Dow 30,000 during his presidency, then history tells us that he needs to take us to 30 trillion dollars in debt.

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“The last thing the auto industry needs is more capacity.”

US Auto Industry In Crisis Amid “Inventory Bubble” (ZH)

Despite record U.S. auto sales last year, the number of vehicles on car-dealer lots remains near record highs, and, as J.D.Power analyst Thomas King warned this week, 2016 ended with an inventory “bubble” that will require less production or more incentives to clear. With near record high inventories of 3.9 million vehicles… U.S. auto inventory finished 2016 at about 66 days supply, up from 60 days a year earlier. Inventory would last 2.23 months at the November sales pace, according to the latest available data from the Census Bureau. The stock-to-sales ratio in 2016 is extremely elevated compared to historical norms…

More problematically, King warns, about one-third of inventory were older model-year vehicles, rather than more typical level of less than a quarter. Of course this massive stockpile hits just as President Trump pressures the auto-industry to onshore more jobs and more production… But as the industry automates, factories don’t create jobs like they used to, said Marina Whitman, a professor of business administration and public policy at the University of Michigan. “The American auto industry last year produced more cars than it ever had before, but they did it with somewhere between one-third and one-half the number of workers that they had decades ago,” said Whitman, who was an adviser to President Richard Nixon and GM’s chief economist from 1978 to 1992. “The last thing the auto industry needs is more capacity,” she said.

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Hilarious to see how much money all these people get from the industry. And insane.

Trump’s Crusade on Drug Pricing Puts Both Parties on the Spot (BBG)

Donald Trump has a chance to rally his core supporters as well as left-wing Democrats, wrapping himself in the populist flag to take on the politically powerful drug industry. He is vowing to keep a campaign pledge to push legislation allowing Medicare to negotiate prescription drug prices, a practice currently prohibited by law. Proponents say this would reduce drug prices and Medicare costs for the federal government. Medicare pays for about 29% of prescription drugs in the U.S. and would have considerable leverage. Trump would be taking on the leaders of his own party, starting with House Speaker Paul Ryan. Most Republicans have long argued that giving Medicare such power is tantamount to government price-setting, which ideologically they oppose and which they say would stifle innovation and research in the drug industry.

Many of them receive huge campaign contributions from the industry’s sizable political war chest. There are arguments over the merits and effects, but the politics are clear cut. In a Kaiser Foundation poll last autumn, the public, by 82% to 17%, favored allowing the federal government to negotiate lower drug prices. Huge majorities say costly drug prices – in recent years they have risen about four times the rate of inflation – are a major concern. These costs are felt by some of Trump’s strongest supporters, non-college educated whites. And liberals, led by politicians like Bernie Sanders, champion a robust government role to keep drug prices down.

[..] There was an instructive vote in the Senate this month on a closely related issue, allowing the importation of cheaper drugs from Canada. It failed 52 to 46. But it garnered the support of 10 Republicans, including deficit hawks like Rand Paul of Kentucky and Utah’s Mike Lee. However, 13 Democrats, most of them beneficiaries of industry political contributions, voted against the measure. Subsequently, they have gotten a lot of flak from liberal groups, which especially have targeted Cory Booker of New Jersey. He received $49,830 from the industry in the last election. If Trump goes all out on this issue, it will be near impossible for most of these Democrats to side with the industry over a Republican president whom they accuse of representing the interests of the rich. And, knowledgeable Congress watchers say, a number of Republicans, in the face of White House pressure and public opinion, would cave, too.

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This is a bump the entire west must go through.

Trump Bars Door To Refugees, Visitors From Seven Nations (R.)

President Donald Trump on Friday put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other Muslim-majority countries, saying the moves would help protect Americans from terrorist attacks. In the most sweeping use of his presidential powers since taking office a week ago, Trump paused the entry of travelers from Syria and the six other nations for at least 90 days, saying his administration needed time to develop more stringent screening processes for refugees, immigrants and visitors. “I’m establishing new vetting measures to keep radical Islamic terrorists out of the United States of America. Don’t want them here,” Trump said earlier on Friday at the Pentagon. “We only want to admit those into our country who will support our country and love deeply our people,” he said.

The order seeks to prioritize refugees fleeing religious persecution, a move Trump separately said was aimed at helping Christians in Syria. That led some legal experts to question whether the order was constitutional. One group said it would announce a court challenge on Monday. The Council on American-Islamic Relations said the order targets Muslims because of their faith, contravening the U.S. Constitutional right to freedom of religion. “President Trump has cloaked what is a discriminatory ban against nationals of Muslim countries under the banner of national security,” said Greg Chen of the American Immigration Lawyers Association. The bans, though temporary, took effect immediately, causing havoc and confusion for would-be travelers with passports from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.

Trump has long pledged to take this kind of action, making it a prominent feature of his campaign for the Nov. 8 election, but people who work with Muslim immigrants and refugees were scrambling on Friday night to determine the scope of the order. [..] Trump’s order also suspends the Syrian refugee program until further notice, and will eventually give priority to minority religious groups fleeing persecution. Trump said in an interview with the Christian Broadcasting Network that the exception would help Syrian Christians fleeing the civil war there. Legal experts were divided on whether this order would be constitutional. “If they are thinking about an exception for Christians, in almost any other legal context discriminating in favor of one religion and against another religion could violate the constitution,” said Stephen Legomsky, a former chief counsel at U.S. Citizenship and Immigration Services in the Obama administration.

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But apparently he thinks this can change. Shame he doesn’t say how.

EU Lacks Leadership to Tackle Global Crises – Czech Minister (BBG)

The EU is unable to work with global superpowers in addressing conflicts and crises because it lacks leadership, Czech Finance Minister Andrej Babis said. “Europe is very slow, very bureaucratic,” Babis said. “The problem is who will sit together at the table” with leaders of the U.S., U.K., Russia “to solve the problem in the Middle East, North Africa, the migration. Europe is always waiting for elections” in countries including Germany and France, he said. The Czech billionaire, whose party leads polls ahead of the fall general elections, has been critical of the bloc his country joined in 2004 and the way it tackled a series of issues, including the migration crisis. He rejected a call from his fellow Czech interior minister to lead separate talks with the U.K. on Brexit, saying the EU needs to stay united in the negotiations. Babis said he was surprised by the announced “hard Brexit,” and urged Britain to activate Article 50 of the EU’s Lisbon Treaty quickly to speed up the negotiations.

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He’s been here before.

‘It Looks as if the World Is Preparing for War’ (Gorbachev)

The world today is overwhelmed with problems. Policymakers seem to be confused and at a loss. But no problem is more urgent today than the militarization of politics and the new arms race. Stopping and reversing this ruinous race must be our top priority. The current situation is too dangerous. More troops, tanks and armored personnel carriers are being brought to Europe. NATO and Russian forces and weapons that used to be deployed at a distance are now placed closer to each other, as if to shoot point-blank. While state budgets are struggling to fund people’s essential social needs, military spending is growing. Money is easily found for sophisticated weapons whose destructive power is comparable to that of the weapons of mass destruction; for submarines whose single salvo is capable of devastating half a continent; for missile defense systems that undermine strategic stability.

Politicians and military leaders sound increasingly belligerent and defense doctrines more dangerous. Commentators and TV personalities are joining the bellicose chorus. It all looks as if the world is preparing for war. In the second half of the 1980s, together with the U.S., we launched a process of reducing nuclear weapons and lowering the nuclear threat. By now, as Russia and the U.S. reported to the Non-proliferation Treaty Review Conference, 80% of the nuclear weapons accumulated during the years of the Cold War have been decommissioned and destroyed. No one’s security has been diminished, and the danger of nuclear war starting as a result of technical failure or accident has been reduced. This was made possible, above all, by the awareness of the leaders of major nuclear powers that nuclear war is unacceptable.

I urge the members of the U.N. Security Council — the body that bears primary responsibility for international peace and security — to take the first step. Specifically, I propose that a Security Council meeting at the level of heads of state adopt a resolution stating that nuclear war is unacceptable and must never be fought. I think the initiative to adopt such a resolution should come from Donald Trump and Vladimir Putin — the Presidents of two nations that hold over 90% of the world’s nuclear arsenals and therefore bear a special responsibility.

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Tulsi Gabbard is a Democrat. Can we now please finally have a serious conversation about what the US has done to the Middle East/Northern Africa region? How are we ever going to atone for this if we don’t? Or would we rather continue in denial?

Congresswoman Returns From Syria With ‘Proof’ Obama Funded ISIS (YNW)

Congresswoman Tulsi Gabbard told CNN that she has proof the Obama administration was funding ISIS and Al-Qaeda.Hawaii Rep. Gabbard went to Syria on a secret fact-finding mission to wade through the lies and propaganda and find out what is really happening on the ground. Immediately on her return CNN booked her for an “exclusive” interview – and Gabbard told them exactly what they didn’t want to hear: she has proof the Obama administration was funding ISIS and Al-Qaeda. Explaining to Jake Tapper that she met people from all walks of life in Aleppo and Damascus, Gabbard said that Syrians “expressed happiness and joy at seeing an American walking their streets.” But they also wanted to know “why is it that the United States, its allies and other countries, are providing support, are providing arms, to terrorist groups like Al-Nusra, Al-Qaeda, ISIS, who are on the ground there, raping, kidnapping, torturing, and killing the Syrian people?

“They asked me why is the United States supporting these terrorist groups who are destroying Syria – when it was Al-Qaeda who attacked the United States on 9/11, not Syria. “I didn’t have an answer for that.“ That was more than Jake Tapper, who was hostile from the beginning of the interview, could handle. His face screwed up, he lashed out, saying, “Obviously the United States government denies providing any sort of help to the terrorist groups you are talking about, they say they provide help for the rebel groups.“ If that was supposed to Tapper’s knockout blow, Gabbard saw it coming a mile away. Without missing a beat, she calmly deconstructed his ideological, and savagely wrong, talking points.

“The reality is, Jake – and I’m glad you bought up that point – every place that I went, every person I spoke to, I asked this question to them. And without hesitation, they said ‘there are no moderate rebels, who are these moderate rebels that people keep speaking of?’ “Regardless of the name of these groups, the strongest fighting force on the ground in Syria is Al-Nusra or Al-Qaeda and ISIS. That is a fact. There are a number of different other groups, all of them are fighting alongside, with or under the command of the strongest group on the ground that is trying to overthrow Assad.”

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We have so much to answer for.

UN Agency Cuts Food Aid To 1.4 Million Displaced Iraqis (AlJ)

The World Food Programme (WFP) has slashed food rations distributed to 1.4 million displaced Iraqis by 50% because of delays in payments from donor states. The sharp cutbacks come at a time when a growing number of Iraqis flee the Islamic State of Iraq and the Levant (ISIL, also known as ISIS) group. At least 160,000 people have been displaced since October when the Iraqi military, backed by Kurdish forces and Shia militias. launched a military campaign to recapture Mosul from the armed group. WFP spokeswoman Inger Marie Vennize said the UN agency was talking to the United States – its biggest donor, Germany, Japan and others to secure funds to restore full rations.

“We have had to reduce [the rations] as of this month,” she was quoted by the Reuters news agency as saying. “The 50% cuts in monthly rations affect over 1.4 million people across Iraq,” she added. The effect is already being felt in camps east of Mosul, ISIL’s last major bastion in northern Iraq. “They are giving an entire family the food supply of one person … we want to go back home,” said Omar Shukri Mahmoud at the Hassan Sham camp. Safa Shaker, who fled with her extended family, said: “We are a big family and this ration is not going to be enough. “We escaped from [ISIL] in order to have a chance to live and now they have cut the aid. How are we supposed to live?” she added.

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I wouldn’t shoot from the hip as much as PCR does, but in essence he’s right. Old media, CNN, WaPo, NYT, have wasted so much of their credibility. And they’re not taking any step back from that. it’s till all just echo-chambering.

The Media Is Now The Political Opposition (Paul Craig Roberts)

Stephen Bannon is correct that the US media—indeed, the entire Western print and TV media—is nothing but a propaganda machine for the ruling elite. The presstitutes are devoid of integrity, moral conscience, and respect for truth. Who else but the despicable Western media justified the enormous war crimes committed against millions of peoples by the Clinton, Bush, and Obama regimes in nine countries—Afghanistan, Iraq, Libya, Pakistan, Yemen, Syria, Somalia, Palestine, and the Russian areas of Ukraine? Who else but the despicable Western media justified the domestic police states that have been erected in the Western world in the name of the “war on terror”? Along with the war criminals that comprised the Clinton, Bush, and Obama regimes, the Western media should be tried for their complicity in the massive crimes against humanity.

The Western media’s effort to sustain the high level of tension between the West and Russia is a danger to all mankind, a direct threat to life on earth. Gorbachev’s warnings are correct. Yet presstitutes declare that if Trump lifts the sanctions it proves that Trump is a Russian agent. It is paradoxical that the Democrats and the liberal-progressive-left are mobilizing the anti-war movement to oppose Trump’s anti-war policy! By refusing to acknowledge and to apologize for its lies, euphemistically called “fake news,” the Western media has failed humanity in a number of other ways. For example, by consciously telling lies, the media has legitimized the suborning of perjury and false testimony used to convict innocent defendants in America’s “justice” system, which has about the same relation to justice as genocide has to mercy.

If the media can lie about world events, police and prosecutors can lie about crimes. By taking the role of the political opposition to Trump, the media has discredited itself as an honest critic on topics where Trump needs criticism, such as the environment and his tolerance of oppressive methods used by police. The presstitutes have ended all chance of improving Trump’s performance with reports and criticism. Trump needs moderating on the environment, on the police, and on the war on terror. Trump needs to understand that “the Muslim threat” is a hoax created by the neoconservatives and the military/security complex with the complicity of the presstitutes to serve the hegemony agenda and the budget and power of the CIA, Pentagon, and military industries.

If the US stops bombing and slaughtering Muslims and training and equiping forces to overthrow non-compliant Muslim governments such as Syria, Iraq, and Libya, “the Muslim threat” will disappear. Maybe Trump will add to his agenda breaking into hundreds of pieces the six mega-media companies that own 90% of the US media and selling the pieces to seperate independent owners who have no connection to the ruling elites. Then America would again have a media that can constrain the government with truth rather than use lies to act for or against the government.

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Russia knows.

Lifting of Sanctions Could Be Costly To Russia (Paul Craig Roberts)

Tweets on social media say Trump is about to lift the sanctions placed on Russia by the Obama regime. Being a showman, Trump would want to make this announcement himself, not have it made for him by someone outside his administration. Nevertheless, the social media tweets are a good guess. Reports are that Trump and Putin will speak tomorrow. The conversation cannot avoid the issue of sanctions. Trump during his first week has moved rapidly with his agenda. He is unlikely to delay lifting the sanctions. Moreover, there is no cost to Trump of lifting them. The sanctions have no support in the US and Western business communities. The only constituency for the sanctions were the neoconservatives who are not included in the Trump administration.

Victoria Nuland, Susan Rice, Samantha Power are gone along with much of the State Department. So there is nothing in Trump’s way. President Putin is correct that the sanctions helped Russia by pushing Russia to be more economically independent and by pushing Russia toward developing economic relationships with Asia. Lifting the sanctions could actually hurt Russia by integrating Russia into the West. The Russian government should take note that the only sovereign country in the West is the United States. All the rest are US vassals. Could Russia escape the same fate? Anyone integrated into the West is subject to Washington’s pressure. The problem with the sanctions is that they are an insult to Russia. The sanctions are based on lies that the Obama regime told.

The real purpose of the sanctions was not economic. The purpose was to embarrass Russia as an outlaw state and to isolate the outlaw. Trump cannot normalize relations with Russia if he lets this insult stand. Therefore, the social media tweets are likely to be correct that Trump is about to lift the sanctions. This will be good for US-Russian relations, but perhaps not so good for the Russian economy and Russian sovereignty. The Western capitalists would love to get Russia deep in debt and to buy up Russia’s industries and raw materials. The sanctions were a partial protection against foreign influence over the Russian economy, and so the removal of the sanctions is like removing a shield as well as removing an insult.

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I like measuring well-being through grain prices, but at the same time I don’t think basic needs should be subject to the same ‘market forces’ as cellphones etc. As growth and globalism vanish, we should all produce out own basics.

Want To Know How Society’s Doing? Forget GDP – Try These Alternatives (G.)

Here are the week’s leading indicators. The Dow Jones industrial average topped 20,000 points for the first time. British GDP grew 0.6% in the final quarter of 2016. The FTSE 100 and Germany’s DAX 30 persisted close to record highs, while US GDP softened slightly. Bored yet? I am. As a former financial journalist, I’m well acquainted with the merry-go-round of indicators that blip in and out of our lives like digital dopamine, telling us how well we’re doing. As a human being, I’m increasingly alarmed that these are just irrelevant numbers that have little or no bearing on how well we are really doing. [..] I’d rather suggest a series of other metrics that give a clearer indication of where humanity is at. Perhaps these are the key performance indicators we should hardwire into our reporting calendar:

Inequality ratios One of the lessons of the 20th century was that inequality breeds revolt and revolutions never end well. One of the lessons of the 21st century is that people seem to be determined not to learn the lessons of the 20th century. The Gini coefficient is a crude measure of how unequal societies are becoming. Some economists have been toying with another measure, the Palma ratio, which is better at discerning how much richer the richest cohort are getting, compared with the poorest. Both tell us much about our direction of travel.

Grain prices If we must focus on financial instruments, edible commodities are surely more interesting than stock and bond prices. You can’t eat a three-month Treasury bill, after all. In 2007/08, a wave of riots swept the developing world as the cost of basic foodstuffs soared. Governments fell. A dotted line joined that manifestation of unrest with the Arab spring four years later. Food matters. We routinely write that as many as a billion people on the planet are hungry, malnourished. That’s far more than the number with Dow Jones tracker funds.

Carbon dioxide, parts per million, in the atmosphere The most scary dataset of all. It goes up every year. And so do global temperatures. If this carries on for another couple of decades, people won’t be inspecting their portfolios – they’ll be foraging in the woods. Has anyone read The Road?

Antidepressant prescriptions A veritable bellwether for so much – from the wretched state we’re in psychologically to the inadequacies of our healthcare systems. Prescriptions have doubled in England in the past decade. An interest to declare: I take them, and believe they work for me. But I also firmly believe they are prescribed far too readily, by overstretched GPs who have only six minutes to speak to patients and little recourse to anything other than pills. Personally, I’d be willing to shave a couple of points off GDP in return for a more comprehensive programme to address this 21st-century epidemic.

Homelessness Not just in the UK, where it’s risen for six years in a row, but in California, Paris, Moscow. Surely, one of the first questions a newly arrived alien might ask upon landing in Britain would be “why do so many of you earthlings live outside?”, and not “how are my BT shares doing?”

Dependency ratio Admittedly, this is not a thrilling one to monitor as it doesn’t move much. But it is moving – and in the wrong direction for lots of developed countries. The dependency ratio is the number of working-age people compared with the number of children and those over retirement age. According to the Resolution foundation, there are currently seven dependants for every 10 working-age Britons, but this will increase to eight in the 2020s and nine by 2050.

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It’s not an abortion fund, it’s much wider than that: “sexual reproductive rights, including abortion”.

Canada May Contribute To Dutch-Led International Abortion Fund (AFP)

Canada is considering contributing to a Dutch-led international fund to support abortion services in developing countries, set up in response to Donald Trump’s order to halt financing of NGOs that support the practice. A spokesman for Canada’s international development minister, Marie-Claude Bibeau, told AFP the minister had spoken with her Dutch counterpart about the fund, and was considering donating an unspecified sum to it or a similar measure that would support “sexual reproductive rights, including abortion” abroad. “Sexual health and reproductive rights will be at the heart of Canada’s new international assistance policy,” spokesman Louis Belanger said in an email.

“We will continue to explore opportunities to work together to advance women’s empowerment by expanding access to sexual and reproductive health services including abortion,” he said. Canada is set to unveil its new foreign aid strategy in the coming weeks. A decision on the fund would either be included or follow soon after that announcement. Trump on Monday signed a decree barring US government funding for foreign NGOs that support abortion. The restrictions prohibit them from also providing abortion information, counseling or referrals, or engaging in advocacy to promote abortion. Lilianne Ploumen, the Dutch minister for foreign trade and development cooperation, said when she announced the new fund that the Netherlands must do everything in its power to offset the US ban so that “women can remain in control of their own bodies”.

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Broken record.

IMF Says Greece Debt ‘Explosive’ In Long Term (AFP)

Greece’s government debt remains “highly unsustainable,” and will be “explosive” in the longer run, requiring a more credible debt relief plan from Europe, the International Monetary Fund said in a report obtained by AFP. Addressing the debt burden of the beleaguered nation will require “significant debt relief” from European institutions, including dramatically extending the grace periods and maturities of the loans, the IMF said in it’s annual report on the Greek economy, which includes a debt sustainability analysis. The IMF board is due to discuss the report February 6. Even with full implementation of the economic reforms the country has agreed to, “Greece’s debt is highly unsustainable” and “will become explosive in the long run,” as the government will have to replace highly-subsidized official financing with market financing at much higher rates, the IMF said.

The pessimistic report, though in keeping with the fund’s repeated statements on the topic, makes it more unlikely the IMF stays on the sidelines of any new European loan deal for Greece. Months of bickering have delayed progress of Greece’s 86-billion-euro ($92.4 billion) bailout program agreed in 2015 and officials increasingly are worried that elections this year in the Netherlands, France and Germany could further poison any progress. The IMF report says that in order to “provide more credibility to the debt strategy for Greece, further specificity will be needed regarding the type and scope of debt relief to be expected” from Europe. This must include “ambitious extensions of grace and maturity periods, a full deferral of interest on European loans, as well as a locking in of the interest rate on a significant amount of European loans … to put debt on a sustained downward path.”

The IMF calls for extending the grace period until 2040, during which time no debt payments would be required, and extending the maturity of the loans to 30 years in some cases to 2070, dramatically longer than what Europe agreed to in 2012. At the heart of the dispute over the new loan program is a demand by the eurozone that Greece deliver a primary balance, or surplus on public spending before debt repayments, of 3.5% of GDP, far in excess of the 1.5% the IMF says is feasible. The target is very high – and most countries do not even come close – but Germany and other eurozone hardliners are insistent that Greece reach it for several years after its current program concludes in 2018. Eurogroup head Jeroen Dijsselbloem insisted on Thursday that the IMF remained committed to the Greek bailout program, despite repeated calls by the IMF for more realistic targets and more debt relief.

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1) The IMF is to a large extent playing a double role, and is comfortable in that role.

2) Yes, ‘pensions-to-GDP’ is very high in Greece, but that is only because other benefits simply don’t exist. Pensions can only be cut further if an unemployment benefits program is initiated. Everyone involved knows this, it’s just that some (IMF) prefer to act as if they don’t. Because such a program would cost money.

3) The demise of Greece as a nation is as much the shame of the IMF as that of Germany and the EU. The consequences of the demise will be too.

Greece: The Game Is On Again (Coppola)

In 2015, Yanis Varoufakis tried to renegotiate the terms of the Greek bailout. He expected his peers in the Eurogroup to treat him as an equal. But they were expecting a repentant supplicant. Greece had sinned, it was receiving just punishment for its sins, and who did Varoufakis think he was, coming along and telling them that the treatment Greece was receiving was unjust and counterproductive? This misunderstanding made a bad situation far worse. It led eventually to Greece’s near-expulsion from the Euro and the breaking of Alexis Tsipras. And, of course, to Varoufakis’s resignation. Now it is the IMF’s turn to misread the psychological framing. This is not a four-handed poker game, it is a duel to the death. And it is not really about Greece. The surface conflict is between Greece and its creditors, but the underlying power struggle is between the German-led creditor bloc and the European Commission.

The eventual outcome will determine the shape of the Eurozone, and indeed the whole EU, in the future. Neither the Greek government nor the European Commission want the IMF involved. The only reason the IMF is still involved is that the creditors want it to be. And the reason the creditors want the IMF involved is that they do not trust the Commission to deliver the harsh penance they have prescribed for Greece. The IMF has been cast in the role of creditors’ second. Unfortunately, this is not how the IMF sees itself. It is still trying to act as a neutral broker, crafting a deal acceptable to both sides. It has repeatedly called for substantial debt relief, and has also demanded deep reforms to the Greek economy. But because it is no longer perceived as neutral, its call for debt relief is ignored while its reform initiative is inevitably seen as a disguised demand for more austerity.

[..] Greece’s pension expenditure as a proportion of GDP is the highest in the EU, even though payments are only about 70% of the EU average. That’s the problem with quoting fixed payments like pensions (and debt service) in relation to GDP: as GDP falls, the cost rises. The Greek economy is now about 27% smaller than it was in 2008, and still shrinking. The IMF’s case is that pension cost as a proportion of GDP is now unsustainable, and further, that the creditors are not going to agree to debt relief while pension cost remains so high. It is probably right on both counts. But once again, what really matters is the psychological framing.

[..] the IMF’s position is untenable. Since it can no longer credibly claim to be neutral, it must explicitly back one side or the other. If it backs neither, it will de facto be seen as supporting the creditors – and that is not consistent with its international mandate, since it effectively means giving up its quest for substantial debt relief (since the creditors have no desire to agree to this). But coming out in support of Greece probably means abandoning its long-standing commitment to ensuring fiscal sustainability through pension and tax reforms. It appears an impossible choice. If the IMF can concede neither of these, then it must do what it should have done long ago. Walk.

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 November 23, 2016  Posted by at 4:24 pm Finance Tagged with: , , , , , , ,  11 Responses »


W. Eugene Smith Orson Welles 1942

 

Ever since the November 8 election, it’s been hard to write anything that makes actual sense, as evidenced by just about everything I’ve read in the past two weeks, little of which was particularly elevating, because just like before the vote, and just like in pre- and post-Brexit Britain, all there is left in the US are deeply dug-in heels.

Everything and everyone is standing still; dug-in heels do that for you. Problem is, of course, that standing still doesn’t get you anywhere. You’re going to have to move or you’ll be left behind. Somehow it’s wonderfully ironic that Donald Trump is the only main character in this play who’s moving, and he does so in more ways than one. It’s like he’s going head first against the latest braindead internet craze, mannequin. If he does it on purpose, I commend him for it.

Sure, one might say Obama has moved a little too, suggesting that a smooth transition of power is paramount, talking a whole different book from what he said about the Donald before November 8. But then Obama doesn’t have many other options. His job requires him to do it, and say it. Over the past few months, the impression has crept upon me that Obama is a mannequin, though not still and silent, but one machine-trained to say the perfect thing at the perfect moment. And then still lost.

 

As predicted pre-election by the precious few willing to ponder a view that’s not entirely partisan or one-sided, Trump now rolls back his most extreme views, and is not afraid to revisit climate change, or a potential Hillary investigation, nor does he shy away from denouncing the most outrageous right wing movements and viewpoints among his voters and supporters.

Not even if every single person he talks to as he builds his administration is automatically labeled a racist, or worse, by US media, politicians and others that have gotten lost in their anti-Trump trenches.

Donald Trump will keep doing what he’s always done: throw ideas out there, see where they land and show that he’s flexible about them. In the process he will make many of his supporters more flexible too. He is the leader, he is their leader. When he reconsiders his views of issues, he ‘invites’ them to do the same. As we move forward, we’ll see this attitude shave off a lot of the sharp edges. It’s all entirely predictable, it’s almost a better story than the Pied Piper.

Of course you san say that some of the views expressed by Trump voters, and the acts committed, don’t belong in America. You would be right. But what you can’t say is that Trump is the source of these acts and views. They were there already. They were ignored and left to fester for years, however, and because of that grew sharper and more pronounced as time went on, until someone finally came along and did not ignore them. Talk about predictable.

 

But without an actual conversation taking place, without people from both sides, gaping as their differences may seem, willing to leave their trenches and talk to Donald Trump, and about him, from something other than the moral heights they have convinced each other and themselves were theirs and theirs alone, without that conversation there’s only so much he can do. They have to move; he already does.

Mind you, he’s got plenty room to maneuver in what he does, because he won the election, and nobody else. He can fill his government with a bunch of weirdos and radicals, he’s got the mandate. But that’s not what he wants. Trump meant it when he said he wants to be a president for all Americans.

The last thing Donald Trump wants is to fail as president. he instead wants to be the best. That requires motion from all sides, though. What Trump wants and needs right now is for people to reach out to him, to tell him they’re willing to talk, that they’re willing to give him the benefit of the doubt, and work with him.

Don’t forget, he has to take on his own right wing camp -which will be a hard enough fight- as much as all those who see themselves as more liberal than he is (liberal is just a word in a country in which there is no left left). While at the same time those ‘liberals’ seem to spend all their waking hours exclusively trying to agree on what to call the people they see as America’s worst: are they neo-nazi’s, racists, white supremacists, bigots?

And as if that is not enough, all this comes with an outspoken implication that Trump is as bad as the worst of his voters. The anti-Trump camp are so busy with this that they fail to see the president-elect has long since moved away from what they thought his position was (was it ever?), and that they are the ones unwilling to talk, not him.

 

Mind you, this is as true for the right wing as for the left. Trump risks facing a lot of backlash from the right for not investigating Hillary, for softening his climate change view, for keeping some aspects of Obamacare, or some parts of the trade deals he has previously dismissed. He knows the risks.

The extreme right has misunderstood him as much as the ‘extreme liberal’ (a.k.a. the Hillary camp including the media). And if Britain is any guide, where 5 months after Brexit the main dish served is still made up of name calling and various other civilized pastimes, Trump has a long, windy and especially bumpy road ahead of him. America should perhaps count itself lucky that he’s a whole lot more flexible than the clowns performing on all sides of the aisles in the UK.

He’s willing to adapt, but that won’t do a lot of good if the other players are not. People may try to mock him for first bashing the New York Times and then, within 24 hours, calling it “a great great American jewel – world jewel”, but that’s only bad or inconsistent if you refuse to try and think like him.

Of course the New York Times, through history, has been a jewel of global media; it just didn’t act like one in the run-up to November 8. Pointing that out is not inconsistent from Trump’s angle: instead, it’s not difficult to make the case that it’s the New York Times that has been inconsistent, by leaving its journalistic standards -i.e. objectivity- behind to go after Trump.

After all, it’s hard to argue that the New York Times was NOT a partisan channel in the election. That so many other news media took the same position may have made it seem normal, but that doesn’t make it so.

Americans from all corners will have to come down from their morally righteous and politically correct mountains. They will then find that Donald Trump was way ahead of them.

 

And no, I am not a Trump supporter. But given the alternatives presented, I do find myself wondering if there was a single one amongst them more fit for the job than the Donald. Not that it matters anymore, the election is over and he won, recounts and discussions about electoral collages or not.

Is that really such a bad thing? Trump won. Which means the Democrats and Republicans did not. The Bush dynasty and Clinton dynasty did not. The incumbent elites did not. That is quite the clean up job. Does anyone want to argue such a clean up was not needed? Donald Trump is shaking up a world in which too many people and institutions across the political scene have been able to gain too much power and influence and wealth for too long, and it’s hard to see that as a big negative.

Besides, whether you like it or not, he’s your president. May I humbly suggest y’all make the best of what you got? Perhaps, and I must say perhaps because I should learn more about this, Trump’s talk Monday with Bernie Sanders-territory left-wing Democrat -and Hindu- Tulsi Gabbard, which may well land her a cabinet post, is indicative of what we may expect. So you got someone who’s left-wing, a woman, and very much not Christian. How many prejudices is that?

Gabbard wants the US to stop killing people in Syria. Is that a bad thing, anyone? She broke with the DNC when she figured out then-Chairwoman Debbie Wasserman Schultz was favoring Hillary and working against Bernie.

If Gabbard’s move is not enough to make you move and un-dig your heels, how about Bernie Sanders himself taking a seat in the Trump government? Would that do the trick? The Donald would love it. Bernie would be told he’s betraying his party, for sure, but we all know the party betrayed him first. He’s either got a few years left to do something real, or he can see himself be betrayed all over again in 2020.

By now, it’s not beyond the realm of possibilities. A National Government is something many nations have tried through history. It might not be a bad idea for the US, because the future sure is not made exclusively of moonshine and roses.

The keyword is flexibility, guys. You have a president-to-be who gets that. How about you?

 

 


JavierJuén 2016