Dec 282023
 


Edward Hopper Funnel of Trawler 1924

 

 

Good thing India didn’t join the sanctions, explains Andrew Korybko. Maybe there’s a lesson in there for more people and countries. Also, maybe it’s too late for some. Even if the deindustralization of Germany has barely started.

 

 

Andrew Korybko:

A representative of India’s Petroleum and Natural Gas Ministry told a department-related parliamentary standing committee that their country’s Russian oil imports helped stabilize the global energy market and prevent havoc from breaking out according to a recent report from The Indian Express. What follows are the excerpts that they cited from that event, which will then be analyzed so that the reader can fully appreciate India’s latest contribution to the world:

“If they (Indian refiners) had not imported Russian oil into India, which may be a big number of 1.95 million barrels per day, that deficiency would have created a havoc in the crude oil market and the prices would have shot up by about $30-40.

The crude oil market is such that in the market of 100 million barrels per day, if the OPEC (Organization of Petroleum Exporting Countries) says that they are going to reduce it by one or two million barrels per day, prices increase by 10 to 20 per cent and reach up to $125-130.

If India does not absorb–I would call it absorption–1.95 million barrels per day, these prices would have reached $120-130. It would have created a havoc. Diplomatically, we are a sovereign country and could say that we have been doing what is good for the country as well as the world.”

This insight aligns with what was earlier shared in these five analyses from June 2022-March 2023:

* 14 June 2022: “Russian-Indian Energy Diplomacy Helps Delhi Balance Washington

* 30 November 2022: “Russia’s Energy Geopolitics With China & India

* 16 January 2023: “The US Discredited Its Own Sanctions By Buying Refined Russian Oil Products Via India

* 8 February 2023: “The West’s Anti-Russian Sanctions Made India Indispensable To The Global Energy Market

* 1 March 2023: “Russia Will Keep Up The Pace Of Oil Exports To India Despite Increased Chinese Demand

If India hadn’t resisted Western pressure, then the whole international community would have suffered.

To explain, many Global South states were already struggling to deal with COVID-connected debt problems prior to the West’s anti-Russian sanctions worsening their food insecurity, so an energy price crisis on top of that could have pushed them over the edge into an uncontrollable polycrisis. Not only could this have led to spiraling unrest that could have spread throughout this swath of the world, but the security and humanitarian consequences would have also destabilized the West as well.  

Those countries among that New Cold War bloc that are dependent on resources and markets there might have felt compelled to launch unilateral military interventions, while large-scale refugee flows could have crashed into their societies with all that entails for exacerbating preexisting tensions. This worst-case scenario was averted through India’s principled neutrality towards the Ukrainian Conflict, which saw this globally significant Great Power resist Western pressure to boycott Russian energy.

If Delhi had capitulated to their demands, then the abrupt removal of so much energy from the market would have plunged it into chaos. The remaining producers couldn’t have replaced Russia’s lost share, thus leading to a competition among the wealthiest countries (namely China and the EU) to purchase their remaining resources. All the while, the debt-beleaguered and newly food-insecure Global South would have been unable to maintain its minimum energy needs, thus setting the polycrisis into motion.

As the unnamed Indian official told parliament, “we have been doing what is good for the country as well as the world”, which highlighted the growing convergence between India’s national interests and those of the international community. This South Asian Great Power practices what can be described as a hyper-realist grand strategy wherein India not only prioritizes its national interests as policymakers conceive them to be, but candidly acknowledges this approach and also details those same interests.

By doing so, India removes all ambiguity about its interests, which therefore makes it the most predictable partner that anyone can have. This policy is premised on the trust that India has cultivated with everyone since they don’t have any reason to question its representatives’ sincerity whenever they speak about their national interests. Some might have different views and even dislike India’s policies, but nobody can credibly claim that those representatives are lying about what that they want and why.

Russian Foreign Minister Lavrov praised this approach and the multialignment that it naturally led to during a press conference with his Indian counterpart on Wednesday when saying that “I believe this policy is not just important for Russia and all other countries around the world, but it is the only policy worth conducting that will ensure respect and reputation and be beneficial in India’s cooperation with other countries that show similar respect to all members of the international community.”

The West will never appreciate what India did for the world, but the Global South is beginning to realize that the polycrisis that many of their officials feared would unfold shortly after the anti-Russian sanctions were promulgated was largely averted through India’s drastically scaled imports of that country’s oil. This stabilized the market, which made it easier for them to manage their debt and food security problems, thus preventing this part of the world from slipping into full-scale instability to everyone’s detriment.

 

 

 

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May 222023
 
 May 22, 2023  Posted by at 8:45 am Finance Tagged with: , , , , , , ,  39 Responses »


Piet Mondriaan Mill 1905

 

Ukraine Claims It’ll ‘Win War’ After Getting F-16s (RT)
US Approval Of Crimea Strikes Proves Lack Of Interest In Peace – Envoy (TASS)
Trump’s Victory Would Be ‘The End Of Ukraine’ – Hillary Clinton (RT)
Zelensky Compares Artyomovsk To Hiroshima (RT)
Destruction Of Both Hiroshima, Artyomovsk Led By White House – Zakharova (TASS)
How Russia Forced Ukrainians To Retreat From Artyomovsk (RT)
Lula Says Zelensky Didn’t Show Up To Scheduled Meeting (RT)
Durham Report: Clinton, Not Trump, Colluded With Russians – Hanson (Fox)
The Durham Report Indicts the Deep State—and the Media (RCI)
EU ‘Offer’ To Global South Must Be Better Than China’s – Ursula (RT)
Hunter Biden Faces Call for the Appearance of Key Business Associates (Turley)
White House Blasts GOP Over Debt Ceiling Talks (RT)
Biden Thinks He Has Authority To Use 14th Amendment On Debt Ceiling (Hill)
DE-Dollarization Made Simple -Even For Millennials (Vilches)
Greece’s Debt Is More Unsustainable Than Ever (Varoufakis)

 

 

 

 

Biden 100k
https://twitter.com/i/status/1660240874851168259

 

 

 

 

Conyers

 

 

 

 

Nobody is safe

 

 

 

 

CoronaThrax

 

 

 

 

The sudden rush into the 50-year old F-16s shows us just how badly Ukraine is losing.

Ukraine Claims It’ll ‘Win War’ After Getting F-16s (RT)

F-16 fighter jets could become a game changer in the ongoing conflict between Moscow and Kiev, a spokesman for the Ukrainian Air Force Command, Yury Ignat, claimed in remarks to Ukraine’s Espreso TV broadcaster on Saturday. “When [we] have F-16, we will win this war,” Ignat said, adding that Kiev has repeatedly told its Western backers that the air defense systems it has already obtained from the West are insufficient to protect all of Ukraine’s territory against Russian air strikes. “The territory of the country and the length of the state border are big and the frontline … is over 2,500 kilometers [long],” the Air Force spokesman said, counting Ukraine’s border with Belarus, its Black Sea shores, and the border with Moldova’s breakaway region of Transnistria as parts of the “frontline.”

It would be impossible to cover such an expanse with air defense systems, Ignat maintained. He also said that the US-made F-16 fighter jets would become “a part of the air defenses” and would be used in areas not covered by the ground-based systems. The Air Force spokesman also admitted that the Soviet-made jets that Ukraine has been using until now cannot effectively counter Russian unmanned aerial vehicles (UAVs) and cruise missiles. He said that Kiev also plans to use the US-made jets in offensive operations and that the aircraft would significantly increase the effectiveness of anti-radar HARM missiles and JDAM precision-guided munitions, which Western nations have already handed over to Ukraine. Ukraine would also use the F-16s to strike the command centers and logistical networks of Russian forces, Ignat said, adding that such attacks would allow Kiev to “quickly” seize territories that it considers “occupied” by Russia.

His words came just days after Washington said it would support a joint program to train Ukrainian pilots on modern jets such as F-16s and would allow allies to transfer the US-made aircraft to Kiev. On Saturday, US national security adviser Jake Sullivan told journalists that President Joe Biden had “informed his G7 counterparts” that Washington would let its Western allies supply advanced jets to Ukraine. Moscow blasted the decision as a “movement up the escalation ladder” that is “fraught with colossal risks” for the West itself. Russian Foreign Ministry spokeswoman Maria Zakharova also accused the US of “waging a hybrid war against the entire region” and of using Ukrainian territory to achieve its own goals.

Read more …

“..when US planes will take off from NATO airfields, piloted by foreign ‘volunteers’..”

US Approval Of Crimea Strikes Proves Lack Of Interest In Peace – Envoy (TASS)

Washington’s approval of Ukraine’s strike on Crimea with Western weapons indicates that the US has no interest in peace, Russian Ambassador to Washington Anatoly Antonov said Sunday. “Washington has totally bent G7 members to its will in regards to the conflict in Ukraine. Moreover, it has seriously tightened its approaches on two important issues. I am referring to the handover of F-16 planes to the Kiev regime, as well as unconditional approval of strikes on Crimea with American and other Western weapons. Such steps once again make it clear that the US has never been interested in peace,” he said. The envoy added that Russia will view strikes on Crimea “as an attack on any other region of the Russian Federation,” and called on the US to consider potential response measures from Russia.


Antonov also pointed out that Ukraine lack infrastructure to use F-16 planes, as well as the required number of pilots and maintenance crews. According to Antonov, all this raises concerns about NATO’s future involvement in the conflict “when US planes will take off from NATO airfields, piloted by foreign ‘volunteers’,” he said. Earlier, US President Joe Biden told his Ukrainian counterpart Vladimir Zelensky on the sidelines of the G7 summit in Hiroshima that the US and its allies will start training Ukrainian pilots in use of F-16 fighter. Previously, US National Security Advisor Jake Sullivan said that the US and its allies will discuss which states exactly will send F-16 planes to Ukraine. He also noted that F-16s are not on the list of priority shipments for preparation of Kiev’s counteroffensive.

Read more …

“..the end of democracy in the United States” and the “end of Ukraine..”

Trump’s Victory Would Be ‘The End Of Ukraine’ – Hillary Clinton (RT)

If ex-US President Donald Trump is re-elected in 2024, it would be the downfall of both Ukraine and democracy in America, former Democratic presidential candidate Hillary Clinton warned on Saturday. Speaking to the Financial Times, Clinton, who served as secretary of state under Barack Obama and lost to Trump in the 2016 election, said she does not believe that her former rival will be successful this time. However, she claimed that if Trump does win in 2024, it will be “the end of democracy in the United States” and the “end of Ukraine,” as he will withdraw the country from NATO. Clinton went on to say that Russian President Vladimir Putin believed Trump would do so had he won the 2020 election. “Trump was the gift that kept giving to people like [Chinese leader Xi Jinping] and Putin,” she said, accusing him of being “enamored of authoritarians” and “inept in any kind of strategic approach to China.” She added that Trump was “clearly going to do whatever Putin wanted on NATO.”


Clinton also said she once believed that China was preparing to “make [a] move against Taiwan” within a few years, but the Ukraine conflict discouraged Beijing from attempting to reclaim the island, which it regards as part of its sovereign territory. She went on to address widespread concerns that the current president, Joe Biden, 80, who confirmed that he would run again in late April, is too old for the job. While acknowledging that age is “an issue,” she urged voters to compare him to the man he is running against. Trump, who announced last November that he would run again in 2024, has been critical of Biden’s approach to the Ukraine conflict. In January, he claimed that the president “is systematically, but perhaps unknowingly, pushing us into what could soon be World War III.” Trump has described himself as the “only candidate” capable of stopping the US from sliding into a global conflict, promising he would settle the conflict in Ukraine “very quickly” if elected.

Read more …

And why not? Anything goes.

Zelensky Compares Artyomovsk To Hiroshima (RT)

The devastation left by the months-long battle for the Donbass city of Artyomovsk is reminiscent of the destruction resulting from the US nuclear bombing of Hiroshima, Ukrainian President Vladimir Zelensky told journalists on Sunday while attending the G7 summit hosted by the Japanese city. “The photos of Hiroshima remind me of Bakhmut,” said Zelensky, using the Ukrainian name of the city. He laid wreaths at the memorial to the victims of the atomic bombing in Hiroshima during his visit. “Absolute total destruction. There is nothing, there are no people,” he said, adding that “all the buildings are destroyed” in the city captured by Russia over the weekend. The Russian Defense Ministry confirmed seizing Artyomovsk late on Saturday.

On Sunday, Russian President Vladimir Putin congratulated Wagner fighters and the servicemen of the regular Russian Army for successfully taking the city. Kiev continues to deny losing control of it. Zelensky himself sent mixed signals about the situation on the ground. Early on Sunday, he said the city “is only in our hearts” when asked if Ukraine still controls Artyomovsk. Later, he denied the city was “occupied by Russia.” Russian businessman Evgeny Prigozhin, the founder of the Wagner Group private military company, told journalists on Sunday that “no Ukrainian fighters had been left” in Artyomovsk. The US nuclear bombing of Hiroshima killed between 70,000 and 80,000 civilians, or around 30% of the city’s population at that time, according to various estimates. Another 70,000 people were injured. The blast also killed an estimated 20,000 Japanese military personnel.

The ‘Little Boy’ bomb that exploded about 580 meters above the city right over the Shima Surgical Clinic destroyed everything within a some 1.6-kilometer radius from the center of the blast. It also caused a massive blaze that engulfed 11 square kilometers. According to Japanese officials, almost 70% of the city’s buildings were destroyed. The salt-mining city of Artyomovsk had been the scene of intense fighting for some eight months as Russian forces gradually pushed Ukrainian troops out. The city, which spreads over some 41.6 square kilometers, was largely destroyed in the process. In 2017, the total population of Artyomovsk amounted to just over 71,000 people. Most residents were evacuated before the battle began or earlier in the fighting. However, according to the International Committee of the Red Cross, some 10,000 people were still living in the city in late March. Kiev also stated that the battle for Artyomovsk claimed the lives of some 4,000 civilians. Russia did not comment on these estimates.

Read more …

Zakharova has the real link between the two..

Destruction Of Both Hiroshima, Artyomovsk Led By White House – Zakharova (TASS)

Russian Foreign Ministry Spokeswoman Maria Zakharova pointed out that both Artyomovsk (Bakhmut) and Japan’s Hiroshima were destroyed by the official Washington, commenting on Ukrainian President Vladimir Zelensky’s comparison of the aftermath of the nuclear bombing of Hiroshima to hostilities in Artyomovsk. She pointed out that the Ukrainian president “compared Hiroshima, destroyed by an American nuclear bomb to Artyomovsk” on the sidelines of the G7 summit in Japan. “Well done, because the White House orchestrated both things,” Zakharova said on her Telegram channel Sunday.

Read more …

A very lenghty timeline of a very lenghty battle.

How Russia Forced Ukrainians To Retreat From Artyomovsk (RT)

Nine months of battles for a symbolic site in Kiev’s attempt to regain control of the region have ended with another triumph for Moscow’s forces Screenshot from social media video= The battle for Artyomovsk (called Bakhmut by the Ukrainians) began in August 2022, and gradually turned into the epicenter of fighting between Russia and Ukraine. While other parts of the front remained relatively stable, both sides actively brought forces to this small city. For Kiev, which in May 2022 suffered a defeat at Azovstal that helped undermine its image, Artyomovsk became the new Mariupol. Ukrainian propaganda labeled it ‘the Bakhmut Fortress’, and attempted to give an air of heroism to those fighting there.

Despite the fact that the city has no strategic importance for advancing westward, Russian troops accepted the challenge posed by Ukrainian propaganda. So what did Moscow gain from the nine-month-long ‘Bakhmut meat grinder’? In the nineteenth century, Artyomovsk was a provincial town in the Russian Empire and the administrative center of the developing Donbass region. As other cities grew, however, its role became less prominent. By the beginning of the Russian offensive in February 2022, the city had a population of about 70,000. It was home to several industrial facilities including a sparkling wine factory where battles took place in early 2023. According to the Ukrainian authorities, by that time 60% of the city had already been destroyed.

The importance of the city grew tremendously after the start of Russia’s military operation in February 2022. Initially, when Russian troops broke the first line of fortifications in the area of Popasnaya, Zolotoye, and the Lisichansk-Severodonetsk agglomeration, Artyomovsk was an important transport hub. It kept the Ukrainian front line connected with the rest of the country. After the Russians managed to break this line of defense and completely removed Kiev’s forces from the territory of the Lugansk People’s Republic (LPR), Artyomovsk went from being a transport hub to becoming Ukraine’s second line of defense around the Bakhmutka River. This strip ran from Ukrainian positions opposite Gorlovka – since 2014 controlled by the Donetsk People’s Republic (DPR) – in the south up to Seversk in the north, running straight into the Seversky Donets, the main river in Donbass.

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Zelensky knows where Lula stands. Peace. Negotiations.

Lula Says Zelensky Didn’t Show Up To Scheduled Meeting (RT)

Brazilian President Luiz Inacio Lula da Silva has said that his Ukrainian counterpart, Vladimir Zelensky, had failed to show up for a scheduled bilateral meeting during the G7 summit in Hiroshima, Japan. “I had an interview, a bilateral one with [Zelensky] here in this room at 3:15 pm. We waited and received the information that he was late,” the president, who is commonly referred to as just Lula, said on Monday, as cited by Reuters. He added that Zelensky “did not show up” because “clearly he had appointments and he couldn’t come.” AFP cited Lula as saying that he was “upset” that the meeting fell through. A face-to-face meeting with the Ukrainian leader was absent from the itinerary published by Lula’s office ahead of his trip to Japan.


However, Bloomberg cited unnamed Brazilian officials as saying on Saturday that the Brazilian delegation felt pressured to arrange a meeting between Lula and Zelensky, whose travel plans are not usually publicly announced in advance. Zelensky later told reporters that “everyone has their schedules, so we couldn’t meet with the Brazilian president.” The two leaders previously spoke over the phone in March. Lula has condemned Russia’s military operation in Ukraine, but refused to join Western sanctions imposed Moscow and declined to provide weapons to Kiev. He has stressed that the Russia-Ukraine conflict should be resolved through negotiations. “No solution will last if it is not based on dialogue. We need to work to create the space for negotiations,” Lula said on Sunday.

Read more …

How much longer till she’s indicted?

Durham Report: Clinton, Not Trump, Colluded With Russians – Hanson (Fox)

The Durham report suggests there are more questions about Hillary Clinton’s overtures toward Russian entities than former President Donald Trump’s, Victor Davis Hanson claimed. Hanson, a historian and fellow at Stanford University’s Hoover Institution, told “Life, Liberty & Levin” that Durham’s findings showed that “far from being a Trump-Russian connection, there was a Hillary-Clinton–Russian connection.” Hanson analyzed the findings, saying they showed Clinton was using a Moscow-based “source,” Democrat-linked PR executive Charles Dolan Jr., to collect purported intelligence on Trump. Dolan, who served twice as former President Bill Clinton’s Virginia state campaign chairman, was “feeding” information to Igor Danchenko, a Russian national working at the Brookings Institution at a time the thinktank was being led by Nelson “Strobe” Talbott, Hanson said.

Talbott, who also served as Bill Clinton’s deputy secretary of State, had been made privy to “briefings and inquiries on the development of the dossier” by Steele, according to a Fox News analysis by law professor Jonathan Turley. “Strobe Talbott… was introduced to Christopher Steele through Fiona Hill of impeachment fame, and the basic story mark was that they were fabricating everything in this dossier, and Dolan was trying to pass on rumors to Danchenko, who was corroborating with Steele,” Hanson said. In a 2019 Politico op-ed, Talbott notably claimed in-part, “[W]e already know that the Kremlin helped put Trump into the White House and played him for a sucker.”

Hanson said the purported “pee tape” — which supposedly was to have shown prostitutes urinating on a Moscow hotel bed at the behest of Trump to spite the Obamas, who reportedly previously slept there — was “all made up.” “[A]nd worse yet, the FBI knew it was made up, and yet they continued to pay Danchenko in hopes that he might find some credibility because they were using this material to get a FISA warrant to spy on [then-Trump campaign aide] Carter Page, and yet they knew that it was false.” “Even in the case of Steele, they offered him $1 million, apparently, if he could just reify or substantiate just one point and he couldn’t. So the FBI was knee-deep in it, and Durham suggests that they didn’t want to investigate Hillary or monitor her communications,” he said.

The reason the feds didn’t probe Clinton as they had Trump, he surmised, was because they were certain she was soon to be elected president. “And they were terrified that anybody, I guess, who would concoct such a conspiracy might do the same to them if she was in the White House,” he said. “So it’s damning to the FBI. It’s damning to the Hillary Clinton campaign. It’s damning to the media, because it’s all out there and then nobody’s refuted it… it really shows that Hillary Clinton colluded with the Russian government through intermediaries, and the FBI knew about it and blamed Donald Trump, who was innocent of it.”

Read more …

“..Russiagate’s aim from the jump was to delegitimize, destabilize, and destroy Donald Trump’s presidency..”

The Durham Report Indicts the Deep State—and the Media (RCI)

Russiagate’s aim from the jump was to delegitimize, destabilize, and destroy Donald Trump’s presidency. Hatched by the Hillary Clinton campaign, this would be her revenge for losing to Trump—an attempt to make his victory a Pyrrhic one. This would be the deep state’s way to sabotage and subvert a commander in chief who threatened to upend its agenda, and that of the entire political establishment. Neither fidelity to the law and truth, nor any sense of shame, nor any fear of consequences could temper the zealous would-be vanquishers of the “bad orange man.” We know this because, as Durham’s report spells out, and as even casual observers have long been aware, the story of Trump-Russia collusion was a farce from the very beginning and in virtually every respect.

It was born of hearsay, ludicrous innuendo, and laughable inferences. Its sources were biased, unscrupulous, and shady. The investigators acted corruptly, lawlessly, and violated basic practices and time-honored norms in pursuing a probe of the highest stakes. They could not corroborate the key pillars on which they “built” their “case” and covered their eyes and ears in the face of exculpatory evidence at every turn. The lack of due diligence and carelessness is staggering—if you were to assume the FBI and Justice Department were operating in good faith. Despite the glaring deficiencies in their case and the blatant violation of the rights of innocent Americans, including among them true patriots, nothing would slow them down.

It did not have to be this way. Were American journalists at our nation’s most storied publications adversaries of the ruling class rather than its stenographers—had they even a modicum of skepticism, curiosity, or intellectual honesty, they could have stepped in to defend our republic. They could have exposed one of the greatest scandals in American history: that our national security and law enforcement apparatus effectively sought to halt the transfer of power to a president they feared and loathed by pursuing him as a traitor, based on crackpot conspiracy theories borne of his political opponent’s research. Consider Gen. Michael Flynn’s purported Logan Act violations; George Papadopoulos’ comments to an Australian diplomat; Carter Page’s supposed Russian ties; the contents of the Steele dossier; Sergei Millian’s significance; the secret Alfa Bank back channel to Russia. The list of shoddy stories pertaining to purported Russian collusion is virtually endless, and as the Durham Report shows—as did reporting from independent, contrarian journalists at the time—such stories would fall apart under the slightest scrutiny.

Read more …

EU and G7 are 10 years late. Or is that 20? Africa, Latin America, Central Asia, they’ve lost it all. And they’re so full of hubris they never even noticed.

EU ‘Offer’ To Global South Must Be Better Than China’s – Ursula (RT)

The EU needs to offer a real alternative to China’s economic projects for the countries of the Global South, European Commission President Ursula von der Leyen said on Saturday. The EU and likeminded nations must use the “window of opportunity” as “many countries of the Global South are looking for alternative funding options,” she said at the G7 summit in Japan’s Hiroshima. Von der Leyen claimed that China’s Belt and Road Initiative – a global infrastructure investment strategy unveiled ten years ago – has been losing its appeal because many countries had “bad experiences with China.” “They took Chinese loans and ended up in a debt crisis,” the EU official stated, adding that the European bloc and the G7 must fill the void.


“We want to put a better offer on the table. If we are in a race, we are in a race to the top,” von der Leyen said. She added that the EU is rolling out 90 “flagship projects” on different continents as part of its Global Gateway investment scheme. Von der Leyen’s words came as G7 countries adopted a joint statement that accused Beijing of “economic coercion” and technology theft. China, in turn, has repeatedly accused G7 members of abusing trade regulations in order to impose their will on others. Beijing has also denied claims that the Belt and Road project hurts other nations. “The so-called Chinese debt trap is a lie made up by the US and some other Western countries,” Chinese Foreign Ministry spokesman Wang Wenbin said last year.

Read more …

“On the list are business partners who are connected to millions of dollars acquired from foreign interests in China, Ukraine and other countries…”

Hunter Biden Faces Call for the Appearance of Key Business Associates (Turley)

There is a new and interesting development in Arkansas where attorneys for Lunden Alexis Roberts have prepared a list of witnesses for the upcoming proceedings involving Hunter Biden’s daughter, Navy. As previously discussed, Hunter Biden is seeking to reduce child support payments and has balked at Navy being able to use the Biden name. If successful, this could get a lot worse for Hunter in his allegedly efforts to conceal his past incomes. On the list are business partners at the center of the influence peddling scandal. (Thank you to the reader who sent this possibly prophetic intersection picture). On the list are business partners who are connected to millions of dollars acquired from foreign interests in China, Ukraine and other countries. Also on the list is New York City art gallery owner Georges Bergès who continues to sell his art.

Bergès has reportedly pushed back on congressional efforts to reveal details on these proceeds and buyers even though former government ethicists have raised concerns over the sales. The costs of these proceedings and high-priced legal team would seem to undermine claims of financial distress by Biden. However, by putting his financial worth at issue, Hunter has opened up a new front in battling over the disclosure of his past dealings. Some of his part associates are reportedly cooperating with House investigators in tracking foreign payments. Even the Washington Post has belatedly published an editorial admitting that this is all a serious concern over influence peddling. In an editorial titled “Millions flowed to Biden family members. Don’t pretend it doesn’t matter.”

It was a bittersweet moment for many of us who have been writing about these dealings for years as newspapers like the Post downplayed the scandal or the authenticity of the laptop. Media outlets like National Public Radio (NPR) declared NPR declared that it “not want to waste our time on stories that are not really stories, and we don’t want to waste the listeners’ and readers’ time on stories that are just pure distractions.” These disclosures have been forced into the public despite the best efforts of the Post and other media. Indeed, recently the Post’s Philip Bump derided the House investigation as a “fishing expedition . . . it’s nearly all innuendo, a big corkboard with lots of pictures but little interconnecting string.” His “witchhunt” attack was then repeated by others at the Post.

Despite these efforts, Hunter Biden appears to going his level best to force the issue in Arkansas. It is not clear if the court will call any of these witnesses. However, since Hunter has put his finances at issue, some disclosures will need to be made. As for Navy, she is still uncertain if the court will allow her to use the Biden name despite her father’s efforts to the contrary. While it does not appear that Hunter (who lives in a California mansion) is financially broke, his actions (and those of the President and First Lady) toward this little girl show a moral deficit and delinquency that is abundantly obvious.

Read more …

MAGA?!

White House Blasts GOP Over Debt Ceiling Talks (RT)

The White House has hit out at a Republican congressional leadership it says has become increasingly beholden to fringe ‘MAGA’ elements for obstructing talks designed to raise the US debt ceiling and avoid putting the country into default for the first time in its history. In a statement posted to the White House website on Saturday, a spokesperson for the administration of President Joe Biden described a deal offered by House Speaker Kevin McCarthy on Friday as a “big step back” and said that it contained a set of “extreme partisan demands.” “The President has over and over again put deficit reduction proposals on the table, from limits on spending to cuts to Big Pharma profits to closing loopholes for oil and gas,” the statement from White House Press Secretary Karine Jean-Pierre said.

“It is only a Republican leadership beholden to its MAGA wing – not the President or Democratic leadership – who are threatening to put our nation into default.” The proposal offered by McCarthy on Friday included significant cuts to domestic programs while increasing defense spending. It also imposed work requirements on some aid programs, while making it more difficult for states to waive work requirements for people in areas of high unemployment who rely on federal food assistance. The GOP deal also refuses Democratic requests to increase tax revenue to help pay for future budget deficits. “I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly one million people,” Biden said on Sunday in comments delivered from Hiroshima, Japan, where he was attending the G7 summit.

Biden also accused Republicans of engaging in political theater in their handling of the negotiations to extend the debt ceiling. “I think there are some MAGA Republicans in the House who know the damage this would do to the economy, and because I am president, and the president’s responsible for everything, Biden would take the blame,” he said. Unless an accord is struck, the Treasury Department has indicated that the US could default on its $31.4 trillion debt as early as June 1. This would lead to a scenario where Washington is unable to borrow more money or pay all of its bills.

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“The idea hinges on a phrase in the 14th Amendment that says the public debt “shall not be questioned,” which proponents of the idea argue means the president could unilaterally continue to issue debt..”

Biden Thinks He Has Authority To Use 14th Amendment On Debt Ceiling (Hill)

President Biden on Sunday said he believes he has the authority to use the 14th Amendment to unilaterally address the debt ceiling, but he acknowledged potential legal challenges could still lead the nation to default if he went that route. “I’m looking at the 14th Amendment as to whether or not we have the authority — I think we have the authority,” Biden told reporters at a press conference in Hiroshima, Japan. “The question is, could it be done and invoked in time that it would not be appealed, and as a consequence past the date in question and still default on the debt. That is a question that I think is unresolved.”

Biden added that all four congressional leaders said in a recent White House meeting that they agreed the nation would not default, signaling that he hoped talk of the 14th Amendment would ultimately not be necessary. “So I’m assuming that we mean what we say and we’ll figure out a way to not have to default,” Biden said. Sunday’s remarks were Biden’s strongest to date on the 14th Amendment, which has been a point of debate among legal experts and administration officials as the U.S. gets closer to the risk of default. The Treasury Department has warned the U.S. could default as early as June 1 if no action is taken to raise the debt ceiling.

The idea hinges on a phrase in the 14th Amendment that says the public debt “shall not be questioned,” which proponents of the idea argue means the president could unilaterally continue to issue debt if Congress does not act. Biden earlier this month said he had been “considering” the 14th Amendment as a way to unilaterally work around the debt ceiling, but he acknowledged that it would not be a viable short-term solution. Treasury Secretary Janet Yellen previously warned that using the 14th Amendment could trigger a “constitutional crisis,” calling it “one of the not good options” if Congress failed to act.

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“This is happening now because the USA today no longer manufactures and/or renders anywhere remotely near enough products or services..”

DE-Dollarization Made Simple -Even For Millennials (Vilches)

Dollars are just failing I.O.U´s (more on that later) issued by the US which until today were still exchangeable for (1) goods and/or (2) services and/or (3) payment of debts the three of which could be either of US origin (that´s okay) or also from elsewhere (that´s NOT okay). In a nutshell, that´s what the current DE-dollarization process is all about, which translated means that US dollars will progressively be dumped onto the US economy´s front lawn as time goes by leading to an unstoppable hyperinflationary process. So, as we speak, many commercially and industrially, and technologically important economies (actually essential for the world and individual countries) have decided that transactions amongst themselves should be paid for in something different from US dollars as the USA is not involved in any part of such process.

Why would Argentina or Brazil export their grains to China payable in US dollars rather than Yuans while both need tons of Yuans to pay for Chinese imports? Accordingly, Saudis now allow China to pay for their oil in Yuans. So with growing impetus, many countries are now paying – and planning to pay in increasing quantities — for transactions amongst themselves with their own currencies and/or physical gold bullion which thru 6000 years of history has clearly proved that it has long-lasting intrinsic value in and of itself as accumulated labor duly acknowledged by third parties. So bullion´s role would be to compensate for the differences in the exchanging BRICS+ currencies used to settle import-export balances between non-US trading partners. BTW, the Central Bank of China does not waste any time reducing its exposure to US Treasuries now lowest since early 2010 and getting lower by the hour.

Since 2018 Russia holds practically 0 (zero) US Treasuries. This is happening now because the USA today no longer manufactures and/or renders anywhere remotely near enough products or services to cancel the humongous amount of IOU dollars already issued with total impunity. An “exorbitant privilege“ per former French President Valery Giscard d’Estaing´s brilliant definition many decades ago. The US deal is “you work hard as hell and we´ll just print” follow? You raise cattle till cows are fat and healthy enough to export us your beef – meaning years of investments and hard labor – and we´ll just copy-paste some more pretty Benjamins and hand them over to you in exchange, okay? Please be advised in case you didn´t notice that Walmart today does not carry “Made in USA” goods because everything now is most efficiently manufactured somewhere else.

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Ruling center-right won the Greek elections yesterday. They can now continue to sell off the country.

Greece’s Debt Is More Unsustainable Than Ever (Varoufakis)

Greece is deeper in the hole of insolvency today than it was in 2010, when the whole world of finance — the International Monetary Fund, the European Central Bank, and the European Commission — said we were bankrupt. Back then, our debt was something like €295 billion and our income €220 billion, whereas today the debt is €400 billion and our national income, in real terms, €192 billion. Most of our debt is owed to the troika and to foreign investors. So, our dependence on the kindness of strangers is greater than ever. Greece’s population today has, on average, 20 percent lower living standards than in 2010; if you look at the working class, the reduction of GDP per capita is 45 percent. As for private sector debt, around two million out of ten million Greeks have negative equity and nonperforming loans.

It’s a world record: it didn’t even happen in the US in 2008–09, during the subprime mortgages crisis. But how come I acknowledge that from the perspective of foreign investors, Greece is doing better than any other country? Well, government bonds are trading at 3.6 to 3.7 percent yields — a very nice spread over German ones at 2.2 to 2.3 percent. Everyone knows that the Greek state is bankrupt and the bonds are junk. So, why do they buy them? The European Central Bank (ECB) has announced that it will back Greek bonds. It’s a political decision to declare Greece solvent, just as it was a political decision to declare it insolvent in 2010. Christine Lagarde and her minions are making a nod and a wink to investors.

Why is the ECB standing behind bonds, when it didn’t in 2012 or 2015? Recent years saw a world first, a mechanism for extracting wealth from the bankrupt. The powers that be have instituted the so-called Hercules plan, taking bonds off the books of banks and selling them to vulture funds based in the Cayman Islands. They belong partly to foreign investors, partly to people who run the Greek banks, partly to the extended families of the political class. They can, for instance, buy a nonperforming loan of €100,000 but for just €3,000. They don’t expect to get the money back; but if they can sell the collateral for €50,000 they have extracted €47,000 in rent to the Caymans without paying a cent in tax. This can extract around €70 billion from a sub-€200-billion-a-year economy.

So, it may sound like a paradox that the financial press is hailing an economy whose public and private sectors are more bankrupt than ever. But seeing the gains foreign investors can draw from this situation, it is no paradox. Greece is a goose laying golden eggs: such profit rates don’t exist anywhere else. To boot, this Hercules scheme, passed by the Greek parliament, guarantees a minimum of €23 billion. The Greek state — and thus the ECB itself — stands behind the vultures’ interests, if they don’t manage to extract enough in dispossessions.

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Anne Heche
https://twitter.com/i/status/1660121425846435840

 

 

Thai ducks

 

 


The revenge of the duck

 

 

How?

 

 

Ibex

 

 

Cheetah
https://twitter.com/i/status/1660009782349111296

 

 

Lunch

 

 

 

 

 

 

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

 

 

 

 

 

Mar 272023
 


René Magritte The seducer 1953

 

Us ‘Shoots Itself In Foot’ By Limiting Use Of Dollar – Putin (TASS)
Russian Economy Will Remain Balanced – Medvedev (RT)
China Could Be ‘Safe Haven’ Amid Banking Turmoil – Citi (RT)
China and Russia Top List Of States With Largest Trade Surplus (RT)
What You Must Know About Russia & China, But Were Afraid To Ask (Lukyanov)
Seizing Russian Assets Is ‘Challenging’ – EU Task Force Head (RT)
Russia To Make Three Times More Ammo Than West Promised Kiev – Putin (RT)
The United States Is 13 Years Behind In Ammunition Production – NYT (Y!)
Berlin Weans Itself Off Russian Gas To Become US LNG Addict – German MP (RT)
UN Security Council To Vote On Nord Stream Sabotage Draft Resolution (TASS)
US Becoming A ‘Banana Republic’ – Trump (RT)
The Donald Trump Problem (Chris Hedges)
Global South Solidarity Is The Key To Lifting Up Central America (Blankenship)
Italians Refuse to ‘Eat Ze Bugs’ (DS)
Agatha Christie Novels Reworked To Remove Potentially Offensive Language (G.)
Eminent Oxford Scientist Says Wind Power “Fails on Every Count” (DS)

 

 

 

 

Putin 23 years
https://twitter.com/i/status/1639900503592120320

 

 

 

 

Putin Mariupol

 

 

Mayor

 

 

 

 

Tucker Thorp

 

 

 

 

Macgregor

 

 

Yellen
https://twitter.com/i/status/1639895094471057408

 

 

 

 

“We would use the dollar, but they do not let us..”

Us ‘Shoots Itself In Foot’ By Limiting Use Of Dollar – Putin (TASS)

The United States does damage to itself by limiting the use of the dollar for situational reasons, Russian President Vladimir Putin said on the Rossiya-24 news channel on Saturday. “They saw off the branch they’re sitting on – I’ve been reiterating that – by limiting the use of the dollar based on momentary, situational considerations of political nature. They are harming themselves, and we might even add, they shoot themselves in the foot,” Putin said in an interview with journalist Pavel Zarubin. According to Putin, the United States’ claims that Russia is encroaching on the dollar are not true. “We would use the dollar, but they do not let us,” he explained. “How can we make payments? In a currency that is acceptable to our partners. The yuan is one of these currencies, especially since it is used by the International Monetary Fund.”


The Russian president emphasized that after the Russian gold and foreign currency reserves were frozen, all the countries in the world have wondered how reliable their US partners are. “And they have come to the conclusion that they are not reliable,” he noted. Putin underlined that Russia’s partners were happy to agree on payments in the yuan. “Do you know that the Middle Eastern oil-producing countries have announced they want to use the yuan for settlements? We will be gradually expanding this and will be expanding [the use] of the reliable currencies,” he said. Putin stated that now the dollar has certain advantages, compared to limitations on other currencies. “However, each country is determined to strengthen its national currency, and all the countries will strive to do so. Therefore, no doubt, it is a big mistake on the part of the US authorities that they restrict settlements in dollars around the world for the countries they do not like for some reason,” the Russian president concluded.

Putin dollar

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“..the EU is increasing its dependence on Beijing much faster than Moscow is..”

Russian Economy Will Remain Balanced – Medvedev (RT)

Russia’s economy will not be reduced to the defense industry alone, despite the ongoing conflict with Ukraine and Western sanctions, former President Dmitry Medvedev told journalists on Sunday. Imbalances in the economy will not be allowed to develop, he said, adding that the country is unlikely to suffer the fate of the Soviet Union. “There is currently no threat of economic militarization in a way, in which it existed [in the USSR] in the 1970s and 1980s,” Medvedev said. The former president argued that the Soviet Union had given too much priority to the defense industry. To avoid such an imbalance, “priorities just need to be set correctly and major macroeconomic indicators monitored,” he added.

Russia does actually need to boost its defense industry, he admitted, adding that it is necessary to “lay the groundwork for the future” even after the Ukraine conflict ends. However, taking such steps will not affect other economic sectors, he believes. The USSR lacked a market system and also the strong consumer goods sector that modern Russia has, Medvedev said, adding that had the West imposed sanctions against the USSR at that time, “we would have had a hard time.” Now, Russia’s “market does not feel any colossal downturns even despite the sanctions,” the former president said. He particularly lauded Russia’s agriculture sector, saying that not only does it allow Russia to meet its own food supply needs but also enables it to “feed others.”

Russia has also managed to keep national inflation rate lower than in many European nations, Medvedev said. “They instigated this campaign, started to fight us and now some nations have an inflation rate of between 15% and 20%,” he said, noting that inflation in Russia is on track to come in at 6% in March and subsequently drop to 4%. Earlier on Sunday, Russian President Vladimir Putin also highlighted that the EU is increasing its dependence on Beijing much faster than Moscow is. RIA Novosti reported in March that Russia and China also topped the list of nations with the biggest trade surpluses last year.

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One year into increasing sactions, Russia is balanced, China is a safe haven.

China Could Be ‘Safe Haven’ Amid Banking Turmoil – Citi (RT)

The unfolding banking crisis in the US and Europe, which has shattered investor confidence in the Western financial system, could highlight China as a “relative safe haven,” economists at Citi said in a note seen by CNBC. The Chinese economy could see accelerated expansion this year, giving the country a “hedge” for growth while economies in the US and Europe face heightened risk of financial disruption, according to the note. “We have long been discussing our view that China can be a major growth hedge this year – if anything, recent global banking stresses perhaps have strengthened this thesis,” a team led by Citi’s Chief China economist Xiangrong Yu reportedly stated.

“China could at least be a relative ‘safe haven’ given its growth premium, financial soundness, policy discipline and the new political economy cycle,” the economists argued. They pointed to the recent decision by the People’s Bank of China (PBoC) to cut its reserve requirement ratio (RRR), saying the move showed “reassurance of policy support amid global volatilities.” The regulator reduced the ratio for almost all banks by 25 basis points last week, with the move widely viewed as an attempt of ensuring liquidity in the banking system. “Perhaps taking lessons from what the US has been going through in recent years, the PBoC has been prudent in easing even during the pandemic era and may quickly switch to a wait-and-see mode once growth is back on track,” the analysts wrote.

They also noted the Chinese government’s restructuring earlier this month as part of the effort to ease financial risks. According to CNBC, Citi also expects to see the onshore yuan strengthening against the US dollar as soon as September, which would bring the renminbi to its strongest levels since April last year. “With the unintended and undesirable from aggressive interest rate hikes surfacing abroad, capital inflows into China could resume after they reopen trade if the recovery thesis plays out and political rerating is steadily ongoing,” Citi concluded.

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“Both countries broke their own records in 2022, with China’s trade surplus surging 30% to an all-time high of $877.6 billion..”

China and Russia Top List Of States With Largest Trade Surplus (RT)

China and Russia became the world leaders in trade surplus last year, according to calculations by RIA Novosti based on data from the national statistical services of both countries. A trade surplus is an indicator of a positive balance of trade, where a country’s exports exceed its imports. Traditionally, by showing that local currency and resource inflow exceeds outflow, a surplus serves as an indicator of a healthy economy. Both countries broke their own records in 2022, with China’s trade surplus surging 30% to an all-time high of $877.6 billion. The country exported approximately $3.59 trillion worth of goods, a growth in export value of about 7% compared to the previous year. Imports, meanwhile, grew by only 1.1%, to roughly $2.72 trillion.

Russia increased its surplus 1.7 times over the year to a record $333.4 billion, claiming the second place among major economies. The country’s total exports reached $591.4 billion, up 19.9% from 2021. The surge was driven by the rise in energy sales, which made up the bulk of Russia’s foreign exports and reached $383.73 billion, a 42.8% year-on-year increase. Imports, however, slid 11.7% against the previous year to $259.1 billion. Analysts attribute the drop in imports to Western sanctions on Russia, combined with Moscow’s efforts toward self-sufficiency and import substitution measures. Saudi Arabia, which posted its highest trade surplus since 2012 at $221.3 billion, ranked third, followed by Norway, Australia and Qatar.

Germany saw its figure drop 2.4 times to $85.34 billion, slipping to the seventh spot from the second place a year earlier. Canada, meanwhile, became the absolute leader in terms of growth, with its number jumping 4.8 times throughout the year, to $17.45 billion. According to the data, the only country that was able to move from a deficit to a surplus in trade at the end of last year was Nigeria. Overall, 26 major economies recorded a surplus in 2022, compared to 32 economies a year earlier. The study was conducted by RIA Novosti on the basis of data from the national statistical services of the globe’s 60 largest economies, which had disclosed trade results for January-December 2022 as of mid-March.

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“..when it comes to preparedness for adverse changes and shocks (let’s call it state endurance), Moscow is probably in the lead, but Beijing’s room for maneuver in global politics is now much greater.”

What You Must Know About Russia & China, But Were Afraid To Ask (Lukyanov)

So much has been said about Xi Jinping’s visit to Russia last week, that the descriptive genre has been exhausted. What is needed instead is either details on specific aspects or some sort of in-depth socio-cultural analysis. That will no doubt be done by specialists in those areas, so we will confine ourselves here to brief answers to the most frequently asked questions. Are Russia and China allies? Both countries have limited experience of alliances and are not really inclined towards this form of relationship. Such a declaration implies a commitment and, more importantly, a limitation of one’s own interests and capabilities in favor of the other state. If it is reciprocal, it is fine – and can be mutually beneficial – but the dominant attitude in both Chinese and Russian political logic is freedom of action and maximum sovereignty. As a result, both Moscow and Beijing shy away from describing their relationship as an alliance, preferring more fluid phrases. This has happened again. It should be noted, however, that the expressions used by Xi come perhaps as close to the idea of an alliance (as is possible in Chinese culture) without using the term.

Is the relationship equal? The question of equality is largely arbitrary – it is not clear how to measure it. There is no formal hierarchy in relations between Russia and China, and in principle there cannot be such a system. It is difficult to compare the weight. China is, of course, much more powerful economically, and now also in many technological respects. However, Russia is a major military and political power in its own right. Indeed, when it comes to preparedness for adverse changes and shocks (let’s call it state endurance), Moscow is probably in the lead, but Beijing’s room for maneuver in global politics is now much greater.

The question could be posed differently: who needs it more, and who should therefore do more to strengthen ties? At first glance, Russia would seem to need it the most – no matter how well you do, an acute conflict with a group of the world’s most successful and influential states significantly limits your options. Thus, they need to be compensated by other partners which are no less important and therefore able to impose conditions. The most powerful of them all is China. This is true, but there is another side to it. Beijing has finally realized that the time of peaceful and comfortable development is over. It is China that the United States sees as its main adversary for decades to come, and the pressure on it will only increase. Beijing has no more solid and reliable partner than Moscow; there is simply no other candidate. And the importance of such a relationship will continue to grow. Traditional Chinese pragmatism works in our favor.

Putin axis
https://twitter.com/i/status/1639999920391311362

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“..the EU’s “freeze and seize task force..”

Seizing Russian Assets Is ‘Challenging’ – EU Task Force Head (RT)

The EU working group that deals with the issue of confiscating frozen Russian assets will have to be “innovative” in approaching the task, Swedish diplomat and head of the EU’s “freeze and seize task force,” Anders Ahnlid, told AFP on Friday. According to Ahnlid, “it is a challenge to find legal means that are acceptable” to expropriate the assets in order to use them for the reconstruction of Ukraine, which is the task force’s plan. He noted that precedents for such actions are rare, one of the few being the seizure of Iraqi assets by the US at the end of Saddam Hussein’s regime. “Hopefully, we can achieve results during Sweden’s EU presidency [which ends in June]… But these are complicated matters. There will be short-term and long-term aspects of what we’re doing,” the diplomat warned, adding that his working group will have “to be a bit innovative in order to move forward.”

He noted that the task force is still trying to determine “which assets are we talking about and where are they.” There are two types of assets – state property that belongs to the Russian government and private assets. The former mostly refers to nearly $300 billion in Russia’s foreign currency reserves, which have been frozen by the West. According to Ahnlid, they are easier to seize legally. The latter, however, are much harder to identify and can be seized only in a few cases, for instance when they can be proven to be the proceeds of a crime. The diplomat says the task force may decide not to confiscate these assets permanently, but only seize income or interest on the capital. sAhnlid is not the first to point out the difficulties surrounding the plan to confiscate Russian assets. The Swiss government, for instance, has been opposed to the move, saying last month that it would violate international agreements and Switzerland’s constitution.

US Treasury Secretary Janet Yellen has also been openly skeptical, warning that apart from legal obstacles, such a step could be considered a precedent jeopardizing faith in the Western financial system and the dollar. According to her, countries could become reluctant to keep money in US banks, fearing that their funds could be seized as well. Many analysts also point out that the move could put European and American assets at risk, as they could also be in danger of being confiscated in case of an international dispute. Moscow, meanwhile, has repeatedly called the freezing of its assets “theft,” and warned of countermeasures should Western states attempt to take Russian-owned funds and redirect them to Ukraine.

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And you can’t easily ramp that up..

Russia To Make Three Times More Ammo Than West Promised Kiev – Putin (RT)

Russia is set to drastically increase its munitions production, President Vladimir Putin has said, adding that Western arms shipments to Kiev will only delay the inevitable outcome of the Ukraine conflict. In an interview with Russia 1 TV aired on Saturday, Putin was asked to comment on Western plans to support Ukraine with a million additional artillery shells. While describing the amount as “very considerable,” the president stated that according to Moscow’s data, the US is currently producing 14,000-15,000 artillery shells a month, while the Ukrainian military uses up to 5,000 shells each day. “Next year… [the US plans] to produce as much as 42,000, and 75,000 in 2025.”

However, Putin said that Moscow’s forces have been using far more munitions than Ukraine, and that the Ministry of Defense and the General Staff “even had to introduce certain limitations.” “Russia’s output level and its military-industrial complex are developing at a very fast pace, which was unexpected by many,” he said. While multiple Western countries will provide Ukraine with munitions, “the Russian production sector on its own will produce three times more ammunition for the same period of time,” according to the president. Putin also noted that the Western “instigators” of the conflict plan to send more than 400 tanks to Ukraine.

“The situation here is the same as with the ammunition. During that period, we will produce and modernize over 1,600 [tanks],” he said, adding that the total number will exceed Ukraine’s by more than three times. Putin stated that the arms shipments to Ukraine are of concern to Russia only because they constitute “an attempt to prolong the conflict” and will “only lead to a bigger tragedy and nothing more.” The president’s comments come after former Russian President Dmitry Medvedev, who now serves as deputy chairman of the Security Council, stated this week that Moscow has rapidly boosted military production despite the Western sanctions and claims that Russia is running out of weapons.

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Hmmmm, make more or use less?! Their choice is obvious.

The United States Is 13 Years Behind In Ammunition Production – NYT (Y!)

The United States’ commitment to support Ukraine against the Russian invasion appears to have rattled the stability of the domestic stockpile of missiles and munitions. The Biden administration has promised — as part of $33 billion sent in military aid for the besieged country so far — a US Patriot air-defense system will be sent to Ukraine, along with over 200,000 rounds of artillery, rockets, and tank rounds. In fulfilling those promises, The New York Times reported the US has sent Ukraine so many stockpiled Stinger missiles that it would take 13 years of production at recent capacity levels to replace them. The Times added that Raytheon, the company that helps make Javeline missile systems, said it would take five years at last year’s production rates to replace the number of missiles sent to Ukraine in the last ten months.

Currently, the US produces just over 14,000 rounds of 155mm ammunition every month — and Ukrainian forces have previously fired that many rounds in the span of 48 hours, The Washington Post reported last month. US officials in January proposed a production increase up to 90,000 rounds of 155mm ammunition each month to keep up with demand. “Ammunition availability might be the single most important factor that determines the course of the war in 2023,” US defense experts Michael Kofman and Rob Lee wrote in December for the Foreign Policy Research Institute, adding that Ukraine will depend on international stockpiles and production for access to the ammunition it needs.

The United States has rarely seen production shortages in ammunition and missiles to the degree the country currently faces. While there was a brief precision missile shortage in 2016 following fights in Libya and Iraq, The Times reported, the US has largely been engaged in short-term, high-intensity fights such as the Persian Gulf War, or prolonged, lower-intensity missions like the war in Afghanistan, which allowed for the stockpile to be rebuilt as needed. Now, as tensions rise among global superpowers, production and munition limitations in the US — caused by supply chain shortages, as well as Cold War-era reductions in capacity, The Times reported — have become of grave concern among defense professionals.

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At a much higher cost. Economy driven by ideology. Deadly.

Berlin Weans Itself Off Russian Gas To Become US LNG Addict – German MP (RT)

The sabotage of the Nord Stream natural gas pipelines has turned Germany’s dependence on Russian natural gas into an addiction to liquefied natural gas (LNG) from the US, a member of the German Bundestag, Andrej Hunko, has said. Germany has paid heavily for last year’s explosions on the pipelines, which were built to deliver cheap natural gas from Russia, The Left party politician told China’s Global Times newspaper in an interview on Thursday. He noted that the sabotage left Berlin without an option to “choose which gas is better and cheaper and which is ecologically better.” “Before, it was a decision under political pressure, whether to use gas or not. But now there is no infrastructure to use gas,” and “this is the biggest impact,” Hunko said.

Germany used to meet up to 40% of its demand with gas from Russia. Last year, Berlin managed to reduce its reliance on the fuel from the sanctioned country by replacing it with imports of LNG from the US, “which is by far more expensive and worse from an ecological point of view,” according to Hunko. The politician said the explosions were an act of an “economic war” targeting not only Germany but the entire EU. The Nord Stream 1 pipeline, which runs under the Baltic Sea and carried natural gas from Russia to Germany, along with the newly built but never used Nord Stream 2, were ruptured by underwater bombs last September, rendering them inoperable. “Who benefits from this? It’s clear. It’s mainly the countries that export the gas to Germany; it is mainly the US,” Hunko said, adding: “this means not only higher prices for gas for the German population, but also a problem for German industry.”

Prior to the conflict in Ukraine, Germany was already experiencing economic difficulties due to a shortage of qualified personnel and muted productivity growth. Skyrocketing energy prices have since dealt a serious blow to the economy which is based on low energy prices and exports, Hunko noted. He warned that the surging cost of energy and raw materials, and the resulting restraints on investment, are forcing some major businesses to leave the country as “it is no longer as interesting for big companies to stay in Germany”. Some businesses have already migrated to the US, the politician said, arguing that this indicates an economic competition between the US, Germany and Europe.

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Provoke US into using its veto power.

UN Security Council To Vote On Nord Stream Sabotage Draft Resolution (TASS)

The UN Security Council will vote on Monday on a Russian-Chinese draft resolution on an international investigation into the sabotage of the Nord Stream 1 and Nord Stream 2 pipelines. Voting is expected to be held after 15:00 (22:00 Moscow time). The text of the draft proposes UN Secretary General Antonio Guterres to establish an international independent commission to conduct a comprehensive, transparent, and impartial investigation of all aspects of the act of sabotage on the Nord Stream 1 and Nord Stream 2 gas pipelines, including identifying the perpetrators, sponsors, organizers, and their accomplices. Guterres is expected to appoint experts to this commission. If the resolution is passed, he must make recommendations for its establishment within 30 days.

The document also encourages countries conducting their own investigations to fully collaborate with the commission and share information with it. The document urges these nations to share information with other interested parties as well. Russia prepared the first version of the Nord Stream resolution at the end of February, but did not immediately bring it to a vote, instead inviting Security Council members to discuss the document. Three sets of consultations have been held since. According to TASS sources within the world organization, there is no general agreement on Russia’s suggested document, which means it will most likely not be adopted. A resolution must be backed by at least nine Security Council members in order to be adopted.

Any of the permanent members may veto it, but only if the necessary number of votes is obtained to pass the document. If the resolution receives eight votes and the United States votes against it, it means that the veto was not used. However, if the document receives nine or more votes, voting against it will result in the use of the veto power. “It’s not about the number of votes; it’s about the way they vote,” according to Vasily Nebenzya, Russia’s Permanent Representative to the United Nations. Previously, Western countries claimed that Russia was isolated and did not have the Security Council’s support, because it opposes the UN Security Council’s initiatives on Ukraine, while the rest of the Council’s members either back it or abstain.

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“Justice will only be done once we have thrown this repulsive political class the hell out of office..”

US Becoming A ‘Banana Republic’ – Trump (RT)

Former President Donald Trump told his supporters on Saturday that President Joe Biden is turning the US into a “banana republic,” and promised to throw the “repulsive political class the hell out of office” if re-elected next year. Trump, who is reportedly facing arrest over campaign finance charges in New York, held his first campaign rally ahead of the 2024 election in Waco, Texas, on Saturday. Speaking to a crowd of several thousand people, Trump reiterated his long-held belief that the charges against him – as well as the prosecution of the January 6, 2021, rioters – are a Democrat-orchestrated plot to keep him out of office and criminalize his supporters.

“The Biden regime’s weaponization of law enforcement against their political opponents is something straight out of the Stalinist Russia horror show,” he declared, calling Biden’s America “a third-world banana republic.” “From the beginning it’s been one witch hunt and phony investigation after another,” Trump asserted, adding “it’s no coincidence that the deep state is coming after me even harder since I pledged to swiftly end the war in Ukraine.” Trump has claimed for months that if elected, he would be able to achieve a settlement to the conflict within 24 hours. He has not elaborated further on how he would achieve this, but has blamed the conflict on “all the warmongers and ‘America Last’ globalists” in the Pentagon, State Department, and other organs of the national security establishment and “deep state.”

“Justice will only be done once we have thrown this repulsive political class the hell out of office,” he told the crowd in Waco on Saturday. Trump made a number of campaign promises at the rally, vowing to boost domestic energy production, phase out imports from China, end funding for “critical race theory and transgender insanity” in schools, and use state, federal, and military resources to “carry out the largest domestic deportation operation in American history.” “Eisenhower did it, so we don’t have to feel so bad,” Trump quipped, referring to the removal of more than a million illegal immigrants by Dwight D. Eisenhower’s administration in the early 1950s under ‘Operation Wetback.’

Trump is currently leading most polls to take the Republican nomination in 2024, with Florida Governor Ron DeSantis in second place by between two and 30 points. While DeSantis has not declared his candidacy, Trump devoted a portion of his speech at Waco to attacking his potential opponent. Referring to DeSantis as “DeSanctimonious,” Trump took credit for the governor’s political career, and condemned him for shutting down his state at the beginning of the coronavirus pandemic.

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Hedges talks about all the court cases vs Trump, but fails to say what weight they have.

The Donald Trump Problem (Chris Hedges)

As was the case with Nixon, the most serious charges Trump may face involve his attack on the foundations of the two-party duopoly, especially undermining the peaceable transfer of power from one branch of the duopoly to the other. In Georgia, Trump could face very serious criminal charges with potentially lengthy sentences if convicted, likewise if the federal special prosecutor indicts Trump for unlawful interference in the 2020 election. We won’t know until any indictments are made public. Yet, the most egregious of Trump’s actions while in office either received minimal media coverage, were downplayed or lauded as acts carried out in defense of democracy and the U.S.-led international order.

Why hasn’t Trump been criminally investigated for the act of war he committed against Iran and Iraq when he assassinated Iranian Major General Qassem Soleimani and nine other people with a drone strike in Baghdad airport? Iraqi Prime Minister Adel Abdul-Mahdi condemned the strike and told his parliament that Trump lied in order to get Soleimani exposed in Iraq as part of peace talks between Iraq, Iran and Saudi Arabia. Iraq’s parliament passed a resolution demanding that all foreign troops leave the country, which the U.S. government proceeded to reject. Why not prosecute or impeach Trump for pressuring his secretary of state to lie and say that Iran wasn’t complying with the Joint Comprehensive Plan of Action, known as the Iran nuclear deal? Trump ultimately fired him and resumed unilateral, devastating and illegal sanctions against Iran, in violation of international law and quite possibly domestic U.S. law.

Why wasn’t Trump impeached for his role in the ongoing attempts to engineer a coup and overthrow the democratically elected president of Venezuela? Trump declared a previously unknown right-wing politician — and would-be coup leader — Juan Guaido to be the true Venezuelan president and then illegally handed him control of the Latin American country’s U.S. bank accounts. The illegal U.S. sanctions that have facilitated this coup attempt have blocked food, medicine and other goods from entering the country and prevented the government from exploiting and exporting its own oil, devastating the economy. Over 40,000 people died between 2017 and 2019 due to the sanctions, according to the Center for Economic and Policy Research. That figure is certainly higher now.

Nixon, like Trump, was not impeached for his worst crimes. He was never charged for directing the CIA to destroy the Chilean economy and back a far-right military coup that overthrew the democratically elected left-wing government of Salvador Allende. Nixon wasn’t brought to justice for his illegal, secret mass bombing campaigns in Cambodia and Laos that killed hundreds of thousands of civilians, and his government’s role in the slaughter of Vietnamese people, resulting in at least 3.8 million killed according to a joint report from Harvard University and the University of Washington and even higher casualties according to investigative journalist Nick Turse. Nixon wasn’t held accountable for what then-President Lyndon Johnson privately blasted as “treason” when he discovered that the yet-to-be-elected Republican candidate for president, and his future National Security Advisor, Henry Kissinger, were deliberately and illegally sabotaging his peace negotiations in Vietnam, ultimately prolonging the war for another four years.

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China has substantially raised its profile in America’s backyard.

Global South Solidarity Is The Key To Lifting Up Central America (Blankenship)

Honduran President Xiomara Castro caused a stir in the media when, on March 14, she remarked that she instructed her foreign minister to re-establish diplomatic ties with China. This was met with strong approval in Beijing while Honduran Foreign Minister Enrique Reina reiterated that his nation is seeking “all the mechanisms that the international relationship serves for the interests of the people” and that his nation must “cooperate with the largest nations in the world.” But, of course, the move was met with disgust in Washington, which, through its dated “Monroe Doctrine” that places the Western Hemisphere firmly in the US sphere of influence, sees itself as the overlord of Latin America. For example, US Senator Bill Cassidy said on Twitter that Honduras was moving closer to China “while the world is moving away” and that “the Honduran people will suffer because of [Castro’s] failed leadership.”

To be fair, the US sure knows a thing or two about the suffering of Hondurans and other Central Americans, locking them and their children in cages as they flee destitution to the US. Washington has also orchestrated numerous coups that have devastated the region. At the same time, China has a record of helping Central American nations, including Nicaragua, which recently re-established ties with Beijing. In February, China and Nicaragua agreed to step up their negotiations on a mutually beneficial free trade agreement and to advance the development of bilateral ties. To get a sense of this importance, I spoke to acclaimed American journalist Benjamin Norton at that time, who lives in Nicaragua and has been extensively covering China-Nicaragua ties. He told me that “the trade negotiations between Nicaragua and China are an important step in the deepening of South-South cooperation and the construction of a multipolar world.”

According to Norton, “historically the United States has treated Latin America in general, and Central America in particular, as its colonial property. The US militarily occupied Nicaragua three times and for decades propped up a brutal right-wing military dictatorship which imposed austerity on its population and sent all exports to the US for pennies on the dollar.” Norton noted that in 2018 the US again “sponsored a violent coup attempt against Nicaragua’s democratically elected Sandinista government. When the putsch failed, Washington responded with economic warfare, imposing several rounds of aggressive unilateral sanctions, such as the devastating NICA Act, while pushing for a financial blockade.” He noted that these sanctions are illegal under international law and “have done significant damage to the Nicaraguan economy, hurting working-class Nicaraguans.”

Honduras

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“It’s fundamental that these flours are not confused with food made in Italy..”

Italians Refuse to ‘Eat Ze Bugs’ (DS)

Our WEF overlords may want us to ‘eat ze bugs’ and be happy, but Italians are having none of it, as their Government has banned the use of insect flour in pizza and pasta. The Times has more: “The growing use in cooking of flour made from crickets, locusts and insect larvae has met fierce opposition in Italy, where the Government is to ban its use in pizza and pasta and segregate it on supermarket shelves. In a sign of fear that insects might be associated with Italian cuisine, three Government ministers called a press conference in Rome to announce four decrees aimed at a crackdown. “It’s fundamental that these flours are not confused with food made in Italy,” Francesco Lollobrigida, the agriculture minister, said.


Packed with vitamins, proteins and minerals, flour made from crickets is increasingly seen as an ecological way to obtain nutrients, and the market is forecast to reach $3.5 billion by 2029. The EU has already authorised foods made from crickets, locusts and the darkling beetle larva. In January mealworm larvae was added to the list. All four insects are cited in the Italian decrees, which will require any products containing them to be labelled with large lettering and displayed separately from other foods. “Whoever wants to eat these products can, but those who don’t, and I imagine that will be most Italians, will be able to choose,” Lollobrigida said.” When historians look back and wonder what thwarted the Great Reset, perhaps the Italian refusal to ruin their beloved pasta and pizza will be seen as the catalyst.

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We need something akin to seed banks, where original literature is stored for future generations.

Agatha Christie Novels Reworked To Remove Potentially Offensive Language (G.)

Several Agatha Christie novels have been edited to remove potentially offensive language, including insults and references to ethnicity. Poirot and Miss Marple mysteries written between 1920 and 1976 have had passages reworked or removed in new editions published by HarperCollins to strip them of language and descriptions that modern audiences find offensive, especially those involving the characters Christie’s protagonists encounter outside the UK. Sensitivity readers had made the edits, which were evident in digital versions of the new editions, including the entire Miss Marple run and selected Poirot novels set to be released or that have been released since 2020, the Telegraph reported.

The updates follow edits made to books by Roald Dahl and Ian Fleming to remove offensive references to gender and race in a bid to preserve their relevance to modern readers. The newspaper reported that the edits cut references to ethnicity, such as describing a character as black, Jewish or gypsy or a female character’s torso as “of black marble” and a judge’s “Indian temper”, and remove terms such as “Oriental” and the N-word. The word “natives” has also been replaced with the word “local”.

Among the examples of changes cited by the Telegraph is the 1937 Poirot novel Death on the Nile, in which the character of Mrs Allerton complains that a group of children are pestering her, saying that “they come back and stare, and stare, and their eyes are simply disgusting, and so are their noses, and I don’t believe I really like children”. This has been stripped down in a new edition to state: “They come back and stare, and stare. And I don’t believe I really like children.”

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“..the infrastructure around wind and solar will not only fail, “but will cost trillions, trash large portions of the environment and be entirely unnecessary..”

Eminent Oxford Scientist Says Wind Power “Fails on Every Count” (DS)

It could be argued that the basic arithmetic showing wind power is an economic and societal disaster in the making should be clear to a bright primary school child. Now the Oxford University mathematician and physicist, researcher at CERN and Fellow of Keble College, Emeritus Professor Wade Allison has done the sums. The U.K. is facing the likelihood of a failure in the electricity supply, he concludes. “Wind power fails on every count,” he says, adding that governments are ignoring “overwhelming evidence” of the inadequacies of wind power, “and resorting to bluster rather than reasoned analysis”. Professor Allison’s dire warnings are contained in a short paper recently published by the Global Warming Policy Foundation.

He notes that the energy provided by the Sun is “extremely weak”, which is why it was unable to provide the energy to sustain even a small global population before the Industrial Revolution with an acceptable standard of living. A similar point was made recently in more dramatic fashion by the nuclear physicist Dr. Wallace Manheimer. He argued that the infrastructure around wind and solar will not only fail, “but will cost trillions, trash large portions of the environment and be entirely unnecessary”. In his paper, Allison concentrates on working out the numbers that lie behind the natural fluctuations in the wind. The full workings out are not complicated and can be assessed from the link above. He shows that at a wind speed of 20mph, the power produced by a wind turbine is 600 watts per square metre at full efficiency.

To deliver the same power as the Hinkley Point C nuclear plant – 3,200 million watts – it would require 5.5 million square metres of turbine swept area. It is noted that this should be quite unacceptable to those who care about birds and other environmentalists. Of course, this concern does not seem to have materialised to date. Millions of bats and birds are calculated to be slaughtered by onshore wind turbines every year. Meanwhile, off the coast of Massachusetts, work is about to start on a giant wind farm, complete with permits to harass and likely injure almost a tenth of the population of the rare North Atlantic Right whale. When fluctuations in wind speed are taken into account in Allison’s formula, the performance of wind becomes very much worse. If the wind speed drops by half, the power available falls by a factor of eight.

Almost worse, he notes, if the wind speed doubles, the power delivered goes up eight times, and the turbine has to be turned off for its own protection. For eight days at the end of the month, power generation slumped, presumably, says Allison, because the wind speed halved. The 8.8 GW daily loss over the period was noted to be 1,000 times the capacity of the world largest grid storage battery at Moss Landings in California. When it comes to the enormous batteries needed to store renewable power, Allison notes the problems with safety, as well as mineral shortages. Batteries will never make good the failure of offshore wind farms, even for a week, and he points out they can fail for much longer than that.

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Led by Donkeys
https://twitter.com/i/status/1639689865238306816

 

 

 

 

Sunak
https://twitter.com/i/status/1639966313417261056

 

 

Cybertruck

 

 

Sleep seal
https://twitter.com/i/status/1639979941608542209

 

 

Baby jaguar

 

 

The Big fight
https://twitter.com/i/status/1639940131762077700

 

 

 

 

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

 

 

 

 

 

Feb 272023
 


Édouard Manet Woman with a jug 1858-60

 

White House Distances Itself From Covid ‘Lab-Leak’ Theory
Covid Lab Leak Is A Scandal Of Media And Government Censorship (Turley)
Elon Musk Accuses Fauci Of Funding Gain-Of-Function Research (TP)
Ukraine Has ‘Total Dominance’ Over US – Trump (RT)
Wall Street Has Its Eyes Set On Ukraine (Charles Gasparino)
Much Of Global South Isn’t Automatically Supporting The West In Ukraine (Mehta)
North African Nations Voracious Buyers Of Russian Oil Products – WSJ (RT)
Hungarian FM Explains What Puzzles Him About EU (RT)
Anti-NATO Protests Hit France (RT)
Thousands Rally For Peace In Italy (RT)
UN To Discuss Investigation Into War Crimes In Ukraine (Az.)
GOP Lawmakers Vow To Unmask Hunter Biden’s Anonymous Art Buyers (NYP)

 

 

 

 

2 Zels

 

 

Putin Oliver Stone
https://twitter.com/i/status/1629705190566776832

 

 

Oliver Stone

 

 

 

 

Tucker Macgregor
https://twitter.com/i/status/1629739970184507392

 

 

Maher Woody

 

 

Jimmy Dore
https://twitter.com/i/status/1630038638661861379

 

 

History also demonstrates something else: any collapsed empire buries half the world under its rubble.”
– Dmitry Medvedev, February 2023

 

 

 

 

US Department of Energy says: lab leak. White House says: we have so many departments… We must study for years more.

White House Distances Itself From Covid ‘Lab-Leak’ Theory

White House national security adviser Jake Sullivan has dissented against a Wall Street Journal report which stated that a US Department of Energy study concluded that the Covid-19 pandemic was likely the result of a failure of safety practices at a laboratory in China, stating that there is “not a definitive answer” as to the true origins of the virus. The WSJ published a report on Sunday which said that the Department of Energy had viewed “new intelligence” which led them to believe that Covid-19 wasn’t naturally produced in the environment, but rather the result of a so-called ‘lab-leak’ – but it added that it has “low confidence” in its findings.

Responding to the WSJ report, Sullivan said that President Joe Biden has ordered a full investigation into the potential origins of Covid-19 but he stressed the various governmental bodies looking into the matter have yet to reach a unanimous verdict. “President Biden has directed, repeatedly, every element of our intelligence community to put effort and resources behind getting to the bottom of this question,” Sullivan told CNN on Sunday. “If we gain any further insight or information, we will share it with Congress, and we will share it with the American people. But right now, there is not a definitive answer that has emerged from the intelligence community on this question.” The virus was first reported to have been discovered in Wuhan, the capital of China’s Hubei province, an area which also features a prominent virology institute which is an active research center for the study of coronaviruses.

The FBI has also backed the lab-leak theory but four other US agencies have determined that natural transmission was the more likely source of the virus. Two other agencies are currently undecided, according to the WSJ. Last year, extensive studies conducted by the peer-reviewed ‘Science’ journal determined that the initial virus was very likely transmitted to a human from an animal at one of Wuhan’s wet markets. Further studies into the lab-leak theory are expected to take place in the US in the coming weeks and months, after several Republican lawmakers included investigations into the pandemic’s origins among the key pledges on the campaign trail ahead of last November’s midterm elections.

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Covid, Trump, Ukraine.

Covid Lab Leak Is A Scandal Of Media And Government Censorship (Turley)

In early 2020, with little available evidence, two op-eds in The Lancet in February and Nature Medicine went all-in on the denial front. The Lancet op-ed stated, “We stand together to strongly condemn conspiracy theories suggesting that Covid-19 does not have a natural origin.” We were also supposed to forget about massive payments from the Chinese government to American universities and grants of some of these writers to both Chinese interests or even the specific Wuhan lab. No reference to the lab theory was to be tolerated. When Sen. Tom Cotton (R., Ark.) merely mentioned the possibility in 2020, he was set upon by the usual flash media mob. The Washington Post ridiculed him of repeating a “debunked” coronavirus “conspiracy theory.”

In September 2020, Dr. Li-Meng Yan, a virologist and former postdoctoral fellow at the University of Hong Kong, dared to repeat the theory on Fox News, saying, “I can present solid scientific evidence . . . [that] it is a man-made virus created in the lab.” The left-leaning PolitiFact slammed her and gave her a “pants on fire rating.” President Joe Biden accused Trump of fanning racism in his criticism of the Chinese government over the pandemic and his Administration reportedly shutdown the State Department investigation into the possible lab origins of the virus. When Biden later revived an investigation into the origins, he was denounced as “sugar-coating Trump’s racism.” The categorical rejection of the lab theory is only the latest media narrative proven to be false.

The Russian collusion scandal, the Hunter Biden “Russian Disinformation,” the Lafayette Park “Photo Op” conspiracy, the Nick Sandmann controversy, the Jussie Smollett case, the Migrant Whipping scandal. On the lab theory, media like the Washington Post piled on senators like Cruz and Cotton for mentioning the lab theory only later to admit that it could be legitimate. All of those experts and writers who were called racists or suspended by social media were simply forgotten in media coverage. That is why this is really about censorship. The media guaranteed that we did not have a full debate over the origins of the virus and attacked those who had the temerity to state the obvious that there was a plausible basis for suspecting the Wuhan lab. None of this has diminished demands for more censorship. Even after Twitter admitted that it wrongly blocked The New York Post story before the 2020 election, Democratic senators responded by warning the company not to cut back on censorship and even demanded more censorship.

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“Musk’s fiery accusation came in response to a tweet that aggregated the multiple occurrences where Fauci denied any gain-of-function research..”

Elon Musk Accuses Fauci Of Funding Gain-Of-Function Research (TP)

Elon Musk accused Dr. Anthony Fauci of funding gain-of-function research at the Wuhan, China lab where COVID-19 is believed to have originated from. Musk said Fauci funded gain-of-function research “via a pass-through organization (EcoHealth)” on Twitter Sunday. Musk’s fiery accusation came in response to a tweet that aggregated the multiple occurrences where Fauci denied any gain-of-function research and counter-signaled the idea that COVID-19 originated from a 2019 Wuhan lab leak. “Dr. Anthony Fauci funded gain-of-function research at the Wuhan lab, lied to Congress about it, and now both the FBI & the Department of Energy have concluded that the coronavirus originated at the Wuhan lab. Does that mean Dr. Anthony Fauci funded the development of COVID-19?” the video’s caption reads.

Hours earlier the Wall Street Journal released a bombshell report which revealed the U.S. Energy Department is now considering it likely COVID originated from a Wuhan, China lab leak. The Energy Department’s update came in a classified intelligence report shared with the WSJ. Previously, the Energy Department was undecided on COVID’s origin and numerous public health officials like Fauci disregarded a lab leak theory. On Feb. 13 House Republicans formally requested Fauci, the former Chief Medical Advisor to President Biden, and the president of EcoHealth Alliance, Dr. Peter Daszak, come before Congress for an interview. Fauci and Daszak were cited by thousands of media outlets as truth-sayers when they claimed “the evidence shows that SARS-CoV-2 is not a purposefully manipulated virus” and “we do not believe that any type of laboratory-based scenario is plausible.”

Musk’s tweet referenced Daszak’s company. Daszak’s EcoHealth Alliance is a U.S. National Institutes of Health grantee that “passed taxpayer funds to the Wuhan lab to conduct gain of function research on bat coronaviruses – research that may have started the pandemic,” the House Republicans’ request stated. Throughout the 117th Congress, Reps. James Comer (R-KY) and Jim Jordan (R-OH) have “sent numerous letters to the U.S. National Institute of Allergy and Infectious Diseases, the U.S. National Institutes of Health, and the U.S. Department of Health and Human Services.”

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“Well, it could have been us, and it could have been Ukraine, and it could have been some third-party country that wants to see trouble. The one group it wasn’t is Russia…”

Ukraine Has ‘Total Dominance’ Over US – Trump (RT)

Ukraine has asserted “total dominance” over the US, former President Donald Trump said Friday during an interview with Glenn Beck. The ex-president also suggested that Kiev might be the real culprit behind the destruction of Russia’s Nord Stream pipelines last October. Commenting on the recent report by veteran American journalist Seymour Hersh, who suggested the pipelines were targeted by Washington in a clandestine operation ordered directly by President Joe Biden, Trump did not rule out US involvement but rubbished allegations that Moscow destroyed the installation itself.

“Well, it could have been us, and it could have been Ukraine, and it could have been some third-party country that wants to see trouble. The one group it wasn’t is Russia… This is a main source of massive income for them. They didn’t blow it up to make a point. That’s the one thing I can tell you for sure,” Trump stated, adding that “everything gets blamed on Russia” by the “sick” people. The US might have been “working in conjunction” with Ukraine to target the pipelines, the ex-president suggested, since Kiev has already asserted “total dominance” over Washington. “We’ve given them probably $150 billion, and Europe has given them almost nothing,” he added.

Earlier this week, Trump, who is seeking to get elected back into the White House in 2024, already vowed to end the Ukraine conflict within hours should he make it to the office again. “I would literally start calling, not from the day I took over, but from the night I won,” he told a campaign rally in Florida this week. The ex-president has also blamed the “warmongers and ‘America Last’ globalists” entrenched at the State Department, the Pentagon, and the “national security industrial complex” for pushing the hostilities forward. “I was the only president who rejected the catastrophic advice of many of Washington’s generals, bureaucrats and so-called diplomats who only knew how to get us into conflicts,” he said in a campaign video released Tuesday.

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Most of it Russia territory.

Wall Street Has Its Eyes Set On Ukraine (Charles Gasparino)

Wall Street really wants to invest in Ukraine, and some of the top players are doing more than sniffing around at the prospects. The world’s largest money-management firm BlackRock continues to hold high-level meetings with the government, including President Volodymyr Zelensky. JPMorgan recently had bankers on the ground scoping the situation as they dodged Russian missiles, I am told. The country is ripe for massive private US investment to rebuild infrastructure destroyed in its conflict with Vladimir Putin. Zelensky is a rock star in the American media; the country is valiantly fighting off a foreign invader. The people are educated and resilient, which means returns could be as good there as any place on the planet. Banker talk has a private investment fund at between $20 billion and $100 billion at some point in the future.

So what s stopping the private money from coming in now? A war that shows no signs of ending anytime soon. Plus, for all of Zelensky’s obvious talents as a leader, he still hasn’t demonstrated an understanding or possibly a willingness to fight corruption on the scale necessary to make investors comfortable, bankers tell me. The meetings between some of Wall Street’s top executives (think Jamie Dimon of JPMorgan and Larry Fink of BlackRock) and Ukraine officials over the past month didn’t garner the same attention as President Biden’s surprise visit last week. The discussions have been going down mostly in private and without much fanfare when they conclude.But they are revealing. The perilous nature of our continued engagement with this country doesn’t just involve a possible nuclear war with Russia but also an economic sinkhole if we’re not careful.

For starters, in these meetings, Zelensky seemed unabashed in his request for billions of dollars in private capital to begin rebuilding his economy immediately. Yet he doesn’t seem to fully grasp what will prevent such an investment. First, money won’t flow to Ukraine (or any country) if it seeds the pockets of a Russian-style oligarchy. In Ukraine, that brand of crony capitalism goes by the names “systema” or “oligarkhiya.” It’s an alliance of government and big business that undermines the free-market forces of competition. Payoffs and graft are part of the systema, and that’s always a dead end for significant private capital. Zelensky said he understood the economic stakes of ending corruption. But deeds go further than words, which is why one banker involved in the process told me: “There are no guarantees here.”

Then there’s the war, and Zelensky’s so-far unyielding determination to keep fighting in order to retake all territory occupied by Putin’s forces. It’s a noble effort, to be sure, but it comes at a steep price. Bankers say private investment money won’t really flow until the war is over. They would love Zelensky to compromise on land to make that happen; maybe give up on retaking Crimea or allow Putin to save face and keep a few parts of the Donbas region in the east, which are nominally controlled by Russian separatists anyway. There was some talk on Wall Street about a Ukrainian spring offensive and, if it’s successful in reclaiming some Russian-held territory, then Zelensky offering a possible deal with Putin so the reconstruction can begin. For now at least, that was described as a likely no-go by Ukrainian officials; Zelensky’s approval rating is at 90%, the bankers were told. It sinks to 40% with a land compromise.

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“It is difficult for them to believe that two-thirds of the world’s population is not siding with the West..”

Much Of Global South Isn’t Automatically Supporting The West In Ukraine (Mehta)

In October 2022, about eight months after the war in Ukraine started, the University of Cambridge in the UK harmonized surveys conducted in 137 countries about their attitudes towards the West and towards Russia and China. The findings in the study, while not free of a margin of error, are robust enough to take seriously. These are: For the 6.3 billion people who live outside of the West, 66 percent feel positively towards Russia and 70 percent feel positively towards China, and, Among the 66 percent who feel positively about Russia the breakdown is 75 percent in South Asia, 68 percent in Francophone Africa, and 62 percent in Southeast Asia. Public opinion of Russia remains positive in Saudi Arabia, Malaysia, India, Pakistan, and Vietnam.

Sentiments of this nature have caused some ire, surprise, and even anger in the West. It is difficult for them to believe that two-thirds of the world’s population is not siding with the West. What are some of the reasons or causes for this? I believe there are five reasons as explained in this brief essay. 1. The Global South does not believe that the West understands or empathizes with their problems. India’s foreign minister, S. Jaishankar, summed it up succinctly in a recent interview: “Europe has to grow out of the mindset that Europe’s problems are the world’s problems, but the world’s problems are not Europe’s problems.” He is referring to the many challenges that developing countries face whether they relate to the aftermath of the pandemic, the high cost of debt service, the climate crisis that is ravaging their lives, the pain of poverty, food shortages, droughts, and high energy prices. The West has barely given lip service to the Global South on many of these problems. Yet the West is insisting that the Global South join it in sanctioning Russia.

The Covid pandemic is a perfect example—despite the Global South’s repeated pleas to share intellectual property on the vaccines, with the goal of saving lives, no Western nation was willing to do so. Africa remains to this day the most unvaccinated continent in the world. Africa had the capability to make the vaccines but without the intellectual property they could not do it. But help did come from Russia, China, and India. Algeria launched a vaccination program in January 2021 after it received its first batch of Russia’s Sputnik V vaccines. Egypt started vaccinations after it got China’s Sinopharm vaccine at about the same time. South Africa procured a million doses of AstraZeneca from the Serum Institute of India. In Argentina, Sputnik became the backbone of their vaccine program. All of this was happening while the West was using its financial resources to buy millions of doses in advance, and often destroying them when they became outdated. The message to the Global South was clear—your problems are your problems, they are not our problems.

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“If a cargo is 51% from Morocco, 49% from Russia, how would you referee that?”

North African Nations Voracious Buyers Of Russian Oil Products – WSJ (RT)

North African nations have sharply increased imports of Russian diesel and other refined oil products, while petrochemical exports from the region have seen a significant uptick, the Wall Street Journal reported on Saturday, citing trading analysts. Industry experts are reportedly raising concerns that Russian sanctioned cargoes are being blended with other oil products and re-sold. The procedure effectively disguises the ultimate origin of the products, undermining Western states’ efforts to oust Russian fossil fuels from their economies. Imports of Russian diesel by Morocco soared to two million barrels in January compared with some 600,000 barrels recorded during the whole of 2021, according to analysts from commodities market data firm Kpler, who stress that a further 1.2 million barrels will be shipped to the country this month.

Tunisia boosted purchases of Russian diesel, gas oil, gasoline and naphtha, which is traditionally used to make chemicals and plastics, to 2.8 million barrels in January and is projected to import another 3.1 million barrels in February. Kpler also recorded an uptick in imports by Algeria, Egypt and Libya. The volumes absorbed by North African countries are too much for them to take on their own, according to Viktor Katona, Kpler senior oil analyst, who predicts that some of the Russian products will make their way to Europe. “Trust me, we are not witnessing some renaissance in Maghrebi refining,” Katona told the Wall Street Journal, referring to the region of North Africa

North African ports are seen as convenient for Russian cargoes sailing from the Baltic Sea, as voyages are not much longer than the pre-sanctions trips to European ports. This allows Russia to keep shipping costs low, and prevents its limited fleet of tankers from getting tied up in lengthy voyages to Asia or elsewhere. “Even if you wanted to regulate that, how would you?” Andreas Economou, head of oil research at The Oxford Institute for Energy Studies, was quoted by the paper as saying. “If a cargo is 51% from Morocco, 49% from Russia, how would you referee that?” Some of North Africa’s increased diesel imports from Russia have displaced the region’s typical suppliers in the Middle East and North America, suggesting some of the activity was bargain hunting, Jorge Leon, senior vice president at Rystad Energy, told the newspaper.

Earlier this week, EU sanctions envoy David O’Sullivan told the Financial Times that the bloc and its allies had begun investigating a surge in exports to countries in Russia’s neighbourhood. They suspected sanctioned products were entering Russia via the back door. The EU has introduced 10 rounds of anti-Russia sanctions since the beginning of Moscow’s military operation in Ukraine. Kremlin has repeatedly said that the measures, supported by the US and its allies, are illegitimate and ineffective, and that the restrictions are causing cause more damage to the initiators. Russian President Vladimir Putin called the penalties “crazy and thoughtless,” saying that no country had previously changed its political course due to sanctions pressure.

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“If you look around in Europe, 98% of media is liberal, and the rest are the others..”

[..] in Hungary, the media is split roughly into two halves, between liberal and conservative outlets, but the West and the liberal media consider that to show a lack of press freedom.”

Hungarian FM Explains What Puzzles Him About EU (RT)

The EU’s declared support for media freedom clashes with its actions in a “confusing” way, Hungarian Foreign Minister Peter Szijjarto has said, commenting on the blacklisting of Russian journalists in the latest round of sanctions. In an interview with RIA Novosti news agency published on Monday, the diplomat also said the Hungarian government is criticized by Brussels for allegedly not protecting the media. “The only reason for this criticism is that unlike in every other part of Europe, in Hungary the media is really colorful. If you look around in Europe, 98% of media is liberal, and the rest are the others,” he claimed, while acknowledging that his words may be “a small exaggeration.” The foreign minister noted that in Hungary, the media is split roughly into two halves, between liberal and conservative outlets, but the West and the liberal media consider that to show a lack of press freedom.


“So those who are judging us for media freedom, those are [the people] putting journalists on a sanctions list. For me it’s a bit confusing,” he concluded. The 10th package of anti-Russian sanctions was adopted by the EU last week. It blacklisted Russian media organizations and individuals, in what the bloc described as targeting “disinformation outlets.” Among other things, Brussels added RT Arabic to the list of channels banned from broadcasting in the EU. In the interview, Szijjarto also reiterated Hungary’s commitment to vetoing any attempts to sanction the Russian nuclear industry, and urged a thorough investigation into last year’s sabotage of the Nord Stream pipelines, which he called a “terrorist attack” against EU energy infrastructure.

Read more …

We need a lot more of this.

Anti-NATO Protests Hit France (RT)

Multiple mass protests against France’s NATO membership and its continued support of Kiev were held on Sunday in the capital Paris and at other locations across the country. The demonstrations, taking place for the second consecutive weekend, were organized by the right-wing Les Patriotes party, led by Florian Philippot, who personally attended the rally in Paris. The politician claimed the event on Sunday, dubbed National March for Peace, attracted even more participants than last week, when some 10,000 showed up for a rally in the French capital. According to Philippot, smaller-scale anti-NATO protests were held at some 30 other locations across France as well.

Protesters marched through the streets of Paris, carrying a large banner reading “For Peace.” The marchers called for the withdrawal of France from both the US-led NATO and from the EU, and urged a halt to supplying Ukraine with weaponry. The protesters also took jabs at the incumbent French President Emmanuel Macron, chanting “Macron get out!” – a slogan commonly used by assorted anti-government protesters throughout his presidency. Following the march, the protesters held a rally led by Philippot, who was filmed defacing NATO and EU flags alongside his supporters. Footage of the event was shared by the politician himself on social media.

The politician has been actively staging protests against French membership in NATO and the EU since last fall, while arguing against the supply of weapons to Ukraine. Between 2012 and 2017, Philippot was the deputy head of the biggest opposition party in France, the National Rally, led until last year by Marine Le Pen. After leaving the National Rally, the 41-year-old politician established his own right-wing party, Les Patriotes. France has been among the top supporters of Kiev in the ongoing conflict with Russia, which broke out a year ago. While Macron has repeatedly called for a diplomatic settlement of the hostilities, Paris has actively supplied assorted weaponry to Ukraine, including armored vehicles and advanced self-propelled howitzers.

Read more …

Thousands won’t change a thing. Try millions.

Thousands Rally For Peace In Italy (RT)

Several thousand people turned up for peace demonstrations in the Italian cities of Genoa and Milan on Saturday. Union members and left-wing activists claimed, among other things, that authorities in Rome have breached national law by sending weapons to Ukraine. The rally in Genoa drew nearly 4,000 participants from across the country as well as from Switzerland and France, local media reported. Organized by the Collective Autonomous Port Workers (CALP) group with the support of the Italian communist party, the protest took place under the slogan “Lower weapons, raise wages.” CALP’s Riccardo Rudino was cited in the media as saying that the “conflict in Ukraine did not begin last year” but rather “in 2014, with the massacre of the Russian-speaking population in Donbass.

The demonstrators filed through the port of Genoa, demanding an end to the use of the facility for arms shipments destined for Ukraine. CALP spokesperson Jose Nivoi accused the Italian government of violating law 185 of 1990, which “imposed a ban on the import, export and transit of weapons from Italy to states at war.” The group’s representatives also described how they had been networking with like-minded “associations and activists in various European cities.” The procession went off without serious incidents, marred only by a few acts of vandalism at the hands of anarchists, who smeared and damaged several vehicles and broke windows in a bank.

A protest was also held on Saturday in Milan. Ruptly video news agency filmed several hundred people chanting slogans and waving flags, including those of Russia and the Donetsk People’s Republic. The demonstrations in Italy coincided with one in the German capital, Berlin. There, tens of thousands of people heeded the call of prominent Left Party politician Sahra Wagenknecht and author Alice Schwarzer. Named the ‘Uprising for Peace,’ the protest called for peace talks to end hostilities in Ukraine. The participants also urged the German government to stop shipping weapons to Kiev. Addressing her supporters, Wagenknecht criticized Chancellor Olaf Scholz’s government for allegedly trying to “ruin Russia,” and described Saturday’s protest as the start of a new peace movement in Germany.

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Not the UN but the west.

UN To Discuss Investigation Into War Crimes In Ukraine (Az.)

Days after the United Nations General Assembly in New York voted overwhelmingly to demand Russia immediately withdraw from Ukraine, Moscow’s war is expected to dominate the opening of the top UN rights body’s main annual session in Geneva. “We’re looking for this session to show, as the UN General Assembly showed… that the world stands side-by-side with Ukraine,” British ambassador Simon Manley said at an event Friday marking the one-year anniversary of Russia’s full-scale invasion. The meeting, which is due to last a record six weeks, will be the first presided over by new UN rights chief Volker Turk, who kicks the session off early Monday.


UN chief Antonio Guterres will also address the council on the first day, while nearly 150 ministers and heads of state and government will speak, virtually or in person, during the four-day high-level segment. Moscow will send Deputy Foreign Minister Sergey Ryabkov to address the council in person on Thursday. Despite calls from NGOs, observers said it was unlikely there would be a walkout like the one many diplomats took part in when Russian Foreign Minister Sergei Lavrov’s video played in the council last year.

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“We’re investigating the Biden crime-family operations. They’ve moved a lot of very suspicious money,” Higgins said. “‘Selling’ Hunter Biden art is just a method they’ve employed.”

GOP Lawmakers Vow To Unmask Hunter Biden’s Anonymous Art Buyers (NYP)

Republican members of the House Oversight Committee have vowed to reveal the identities of the mysterious buyers of Hunter Biden’s art one day after the first son missed a deadline to provide the panel records about his overseas business interests. Biden’s failure to meet the committee’s Wednesday 11:59 p.m. deadline to produce financial documents and other records dating back to January 2009 mirrors his art dealer’s refusal to provide the panel with the names of his clients. In response to a January request by the committee, William Pittard, a lawyer for Biden’s art dealer Georges Berges, wrote a letter to Chairman Rep. James Comer (R-Ky.) earlier this month raising “concerns” about complying with the committee’s demands to see records about clients who have purchased Biden’s work.

In the Feb. 6 letter, seen by The Post, Pittard argues that complying with the Committee’s request to release the names of the art buyers “would defeat the efforts of Mr. Biden and the White House to avoid the ‘serious ethics concerns’ that you raise.” “If the White House was not aware of those buyers, it would seem impossible for the administration to grant the buyers any favors based on the purchases,” Pittard notes. GOP Oversight Committee members say Berges’ refusal to comply is only adding “fuel to the fire” of the probe. “Hunter Biden’s artwork isn’t worthy of hanging on the walls of a foreclosed motel, so why would anyone buy it?” Rep. Lisa McClain (R-Mich.) told Fox News Digital. “The answer is simple, to curry favor with the corrupt son of the president.”

“We need to know who purchased Hunter’s so-called ‘art’, and Georges Berges refusing to provide that information to Congress only adds fuel to the fire for our investigation,” she added. Rep. Lauren Boebert (R-Colo.) echoed McClain, telling the outlet that all “Hunter’s attorney is doing is delaying the inevitable.” “We will receive this evidence, one way or another,” Boebert said. [..] Rep. Clay Higgins (R-La.), another member of the Oversight Committee, told Fox News Digital that the scope of the panel’s investigation goes beyond Hunter Biden, and that nobody “cares specifically about Hunter.” “We’re investigating the Biden crime-family operations. They’ve moved a lot of very suspicious money,” Higgins said. “‘Selling’ Hunter Biden art is just a method they’ve employed.”

Read more …

 

 

 

 

Assange

 

 


In 2009, Nidhal Selmi combined the Sierpinski triangle with the Penrose triangle to create the M.C. Escher-like Selmi triangle

 

 


Clouded leopards live in forests at elevations of up to 3,000 meters and spend much of their lives in trees. Their strong tails help them to balance while perched on tree branches

 

 


Kyaiktiyo Pagoda, also known as Golden Rock, is a Buddhist pilgrimage site in Mon State, Burma, famous for its balancing rock which seems to defy gravity, as it perpetually appears to be on the verge of rolling down the hill

 

 


The roots of this tree in Hong Kong, photohraphed by Clément Bucco-Lechat in 2010, have grown over the paving stones and seem to follow the patterns that the pavers were laid in

 

 

 

 

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Jun 262022
 


Edward Hopper Excursion into Philosophy 1959

 

 

It was Jim O’Neill, Goldman’s chief economist at the time, who coined the term BRICS in 2001 for Brazil, Russia, India, China, and South Africa. Little did he know. He was talking about emerging economies. 13 years later, they no longer are. They are good for about 40% of the world population, and some 25% of global GDP. The world has not stood still since 2009, and it’s moving faster now.

Ironically, the BRICS countries never looked to be as prominent economically as they are today, they were happy to build up one step at a time. But then NATO decided to move east at a pace that Russia found intolerable, and now the BRICS have taken on a whole new meaning. 25% of global GDP may not seem that much, but the 5 countries hold a much bigger share of -essential- global resources and/or raw materials than that, and China moreover delivers an outsize part of finished products.

And we now know that they won’t be BRICS for much longer. Many countries choose to be affiliated, in one form or another, with the BRICS rather than the “west”. They see that Russia is winning in Ukraine, and they see the damage the sanctions do. It’s just practical considerations. Saudi Arabia and Argentina are interested in joining BRICS. So are Uruguay, Iran, Egypt, Thailand, and a number of post-Soviet States. They see where the real economic power resides.

It’s amusing to see that for this week’s G7 in Germany, the host country has “invited the leaders of India, Indonesia, Senegal, Argentina and South Africa to the summit..” They will not join the G7 instead of the BRICS. Why would they? The world is moving away from unipolar US/NATO power. And as Russia and China have repeatedly said, this move is irreversible. It’s all because of what happens in Ukraine. The west is losing militarily AND economically. Look at where the ruble is. We were “promised” it would dissolve, but it did the opposite.

The US became the no. 1 world power because it had the oil. Now, it has some left, but it has to use energy-intensive processes to produce it. Russia does not. Nor does Saudi Arabia, which therefore has no reason to stick to the petro-dollar system. They’re better off with the BRICS, which moreover plan to introduce a resource-based basket of currencies, which could benefit the Saudis greatly. The world is being rearranged rapidly, a process mightily accelerated by Russia’s special operation in Ukraine.

And NATO can’t even keep up militarily. From Scott Ritter today: “Ukraine is requesting 1,000 artillery pieces and 300 multiple-launch rocket systems, more than the entire active-duty inventory of the U.S. Army and Marine Corps combined. Ukraine is also requesting 500 main battle tanks — more than the combined inventories of Germany and the United Kingdom“. Another headline: “Czech Republic Has Exhausted Its Arms Reserves Supporting Ukraine, PM Reveals”.

Perhaps even more telling is that last week, Ukraine’s President Zelensky addressed the African Union in a virtual session, and only 4 out of 54 invited African Heads of State attended (plus some lower ranked folks). They don’t care about what they see as a European conflict, they don’t believe it’s all Putin’s fault (because: sanctions!), and they won’t commit to a potentially losing side. They have bigger fish to fry at home. Look for many to become a BRICS member.

 

Africa Is A Hostage Of Russia’s War On Ukraine, Zelensky Says

Ukrainian President Volodymyr Zelensky has called Africa “a hostage” of Russia’s war during an address to the African Union (AU) on Monday. Russia’s invasion, and its blockade of Ukraine’s grain exports, have sparked grain and fertiliser shortages and put millions of people at risk of hunger. The chair of the AU commission said there was an “urgent need for dialogue” to restore global stability. Western countries have urged Russia to release Ukraine’s vast grain stores.


The blockade has sent food prices soaring. “Africa is actually a hostage… of those who unleashed war against our state”, Mr Zelensky said in his speech. He said his government was engaged in “complex negotiations” to unblock grain reserves trapped in Ukraine’s Black Sea ports. “This war may seem very distant to you and your countries,” he told the AU. “But the food prices that are catastrophically rising have already brought [the war] to the homes of millions of African families.”

I think it’s priceless that the BRICS countries took O’Neill’s term and ran with it. In 2016 the BBC said: “Brics ‘grew more than I thought’, says Jim O’Neill”. And so last week we had the 14th BRICS Summit. They are now -arguably- more powerful than the G7, they indeed ‘grew more than I thought’. Unlike in our present -post-WWII- economic system, there is not ONE leader, it’s multipolar. The best of everyone, for everyone. That sounds very idealistic, obviously, and at some point China may try to control it all, like the US does today, but right now that is not the case.

 

Putin Suggests Way Out Of Global Economic Crisis

The West’s selfish attempts to blame the entire world for its own mistakes have led to the global economic crisis, Russian President Vladimir Putin insisted on Thursday, appearing via video link at the 14th BRICS Summit. “Only on the basis of honest and mutually beneficial cooperation is it possible to find a way out of this crisis situation that has gripped the global economy due to the thoughtless and selfish actions of certain states,” Putin explained.

The Russian leader stressed that today, as never before, the leadership of the BRICS countries is needed in order to develop a unifying policy for the shaping of a truly multipolar system of intergovernmental relations, and that it ought to be based on the universally recognized norms of international law and the key principles of the UN Charter. According to Putin, the BRICS states (Brazil, Russia, India, China and South Africa) have a truly enormous political, economic, scientific, technological and human potential.

Their influence on the global arena is increasing with every year, he pointed out. “Russia is ready to continue developing close multifaceted interaction with all the [BRICS] partners and contribute to the enhancement of its role in international affairs,” Putin promised.

As I wrote earlier: “The west is not the future. That time is behind us. And many countries recognize this.”

 

China Promotes ‘Non-Western Multilateralism’ at BRICS Summit

China hosted the first day of the fourteenth annual BRICS Summit—a series of meetings involving the leaders of Brazil, Russia, India, China, and South Africa—on Wednesday, amid a series of major shifts in the global world order and rising geopolitical tensions in Eastern Europe and East Asia. Chinese president Xi Jinping opened the summit on Wednesday, emphasizing the five nations’ “shared desire to meet challenges together through cooperation,” according to China’s state-run Xinhua news agency. The Chinese leader also urged the countries in attendance to “embrace solidarity and coordination and jointly maintain world peace and stability.”

The BRICS group comprises the five largest developing economies; together, its members constitute forty percent of the world’s population and one-fourth of global gross domestic product. The group includes the two most populous nations in the world, China and India, as well as Russia, the largest in terms of land. Chinese state media has praised the role of the five-nation grouping, claiming that ties between the BRICS countries had increased “multilateral cooperation with non-Western styles, forms, and principles [of government”—marking a positive contrast to the actions of the United States, which it accused of “pulling its Western allies to ‘rebel’ against globalization.”

Despite considerable internal differences within the bloc, including a decades-old rivalry between China and India, all of the BRICS countries have resisted full political alignment with the West. Of the five BRICS nations, only one, Brazil, voted in the United Nations General Assembly to condemn Russia for invading Ukraine in February; Russia voted against the measure, while the other three countries abstained. Even Brazilian president Jair Bolsonaro refused to personally condemn Putin, whom the West has widely framed as the driving force behind the Russian invasion. In his remarks on Wednesday, Xi appeared to criticize the United States and NATO, describing the Russian invasion of Ukraine as a “wake-up call for all in the world.”

 

From Bradley Blankenship, American journalist, columnist and political commentator, published at RT.

BRICS Members Represent The Best Hope For A Fairer World Order

The 14th BRICS Summit in Beijing is just wrapping up amid a turbulent international geopolitical landscape, which highlights the importance of the organization in general. Given the combined challenges of the ongoing Covid-19 pandemic, global conflict, a looming economic crash and climate change – the current international system is failing and a new, multi-polar alternative must take its place. It’s worth noting the context of the BRICS (Brazil, Russia, India, China and South Africa) format. Started in 2009 amid a financial crisis, the main goal of that year’s first BRICS (or BRIC as it was then) summit in Yekaterinburg was to improve the global economic situation and reform financial institutions.

Although these countries are not joined by any particular ideology, each saw the need to democratize the global economic system that had been crashed pretty much single-handedly by the United States in an extraordinarily irresponsible – even illegal by US law, in some instances – manner. The head of China’s Central Bank bluntly called for abandoning the dollar as the global reserve currency in 2009 because of a lack of faith in US monetary leadership. That was 13 years ago, yet the necessity of a new reserve currency could not be more relevant these days. In fact, Russian President Vladimir Putin announced on June 22 just ahead of the latest BRICS summit that the group was indeed developing its own reserve currency based on a basket of their currencies. With this, Putin said the group is hoping to develop alternatives to the existing international payment scheme.

While this could be seen as provocative in the West, it is actually for the betterment of mankind and is not aimed strictly at one country or one coalition of countries. To note, India pushed back against any “anti-US” rhetoric in the group’s joint statement, being a country that is considered part of the Global South, e.g., a developing country, and also has strong relations with the West. Yet, at the same time, it’s clear that all BRICS states, including India, would benefit from a democratized global economic and financial system. That is why New Delhi has not joined Western-led sanctions against Russia over the ongoing conflict in Ukraine, because doing so does not serve India’s economic interests – and it would also establish a bad precedent where countries could essentially be excluded from the international community over political disagreements.

Indeed, BRICS and its members have gone a long way to pursue zero-strings-attached development cooperation. China alone had already replaced the International Monetary Fund (IMF) and the World Bank as the world’s largest net creditor at the beginning of the last decade, expanding investments in tangible assets across the Global South (and beyond) through the Belt and Road Initiative. But in a direct challenge to these two previously mentioned US-led institutions, which have morphed into weapons of economic coercion, BRICS established the New Development Bank in 2014.

[..] At a minimum, BRICS has a serious role in balancing out the malignant influence of the US, NATO and the prevailing Western-led world system. Finance and economics are no small part of this, and BRICS’ drive to establish alternatives to the dollar-based Bretton Woods system, providing credit to the Global South without political conditions and establishing a new reserve currency, is an extraordinary push toward a multi-polar future.

The question is of course how the reigning order will react to losing its power. Will they drop nukes? If they do, it would every likely be suicidal. But some people are very particular about control, and about losing it. Thing is, it’s already lost, they just don’t realize it yet.

While you were watching the abortion debate, and Zelensky’s heroics, the entire world order has changed. How about that?

 

 

 

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