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Debt Rattle March 6 2024

Mar 062024
 
 March 6, 2024  Posted by at 9:51 am Finance Tagged with: , , , , , , , , ,  46 Responses »


Pablo Picasso The Rooster 1918

 

• Elon Musk Exposes the Democrats’ Secret Game Plan to Win Every Election (VN)
• Democrats Prepare to Resume Disqualification Efforts in Congress (Turley)
• Victoria Nuland Quits (RT)
• Tucker Carlson Compares US to Roman Empire (RT)
• It Has Been NATO Vs. Russia All Along (Pepe Escobar)
• NATO’s Role in Ukraine Is as Sleazy as the EU’s (Jay)
• ‘Untenable Positions’ – Warning Signs Abound (Alastair Crooke)
• Defense Ministry Reveals Possible Scenario of Attack on Russia (Sp.)
• Russian Armed Forces Continue to Push Ukrainian Troops Westward – Shoigu (Sp.)
• German Military Leak Becoming Massive Headache for West (Sp.)
• Israel’s Manpower Crisis Worsens As Wave Of Resignations Hits Army (Cradle)
• George Galloway Is Not A Threat To Democracy (Hryce)
• Galloway Explains Why RT Was Banned: ‘Too many people watched’ (RT)
• Gold – We Have Liftoff! (Egon von Greyerz)

 

 

 

 

Jon Stewart

 

 

Trump Elon
https://twitter.com/i/status/1765180141259641194

 

 

Trump

 

 

This freight train’s coming

 

 

Bannon Nuland

 

 

Tucker Ablow

 

 

Lots of outages on Super Tuesday..

 

 

@ SteveLovesAmmo:
I honestly don’t know how Donald Trump does it. He has been relentlessly attacked by the mainstream media since 2015. He has been arrested 4 times with 91 charges and is facing 700 years in prison over political persecution. He lost over 46% of his net worth since his Presidency, while the establishment continues to rake in and fatten their pocketbooks. He flies to numerous cities and states to greet his supporters in between court cases.

He could have thrown in the towel at any point and continued his lavish lifestyle but continues to fight daily for the American people. His home and his wife and sons possessions were violated by the FBI. That’s a man that has been battle tested and worthy of being President of the United States of America. Not some corrupt politician that has been milking the system for over 50 years. Donald Trump is a true American patriot and hero. No one can change my mind.

 

 

@jason_meister
Democrats illegally spied on Trump’s transition team, framed a three-star-general, sabotaged an administration, undermined a sitting US president, banned him from social media, impeached him 2X, arrested him 4X, charged him 91X, indicted him 4X, jailed his supporters, and raided his private residence. When all of that failed they attempted to remove him from ballots. And they go on national television to talk about how we need to vote for Democrats to save democracy.

 

 

 

 

“I mean, that’s a mercenary army by definition.” “Of course,” Macgregor replied, “And mercenaries fight for money. They fight for the people that pay them.”

• Elon Musk Exposes the Democrats’ Secret Game Plan to Win Every Election (VN)

Following Biden’s COVID-19 “vaccine” mandates and the war on middle America, the U.S. military is facing recruiting shortfalls. As a response to this challenge, Democrats are proposing illegal immigrants sign up for the armed forces, as a potential path to citizenship. One of the biggest proponents of this proposal is Senate Majority Whip Dick Durbin (D-IL). Not too long ago on the Senator floor, he said, “… if you are an undocumented person in this country and you can pass the physical and the required background test the like, you can serve in our military. And if you do it honorably, we will make you citizens of the United States. Do we need that? You know what the recruiting numbers are.” On Tucker Carlson Uncensored Monday evening, the conservative journalist asked retired Army Colonel Douglas Macgregor if Congress would be stupid enough to pass a law granting citizenship to illegal aliens who enlist in the military — to which Macgregor answered, “YES.”

“The problem is Washington is donor-occupied. Donor occupied. The donors own the political figure. So what do the donors want?” he asked. So, if the donor class wants illegal immigrants in the U.S. military, Macgregor thinks they have a high probability of getting their way. Macgregor also remarked: “I think the largest problem is that Washington is this ideological bubble. And everyone decides that anyone who doesn’t agree with them, that the world has to be refashioned in some new image that exists only in their minds, and that anybody who disagrees with them is by definition a criminal and has to be treated as such. What better solution than finding people who have no connection to the American people, arming them, and then sending them out to oppress us? Sounds like a great solution.” Carlson responded, “I mean, that’s a mercenary army by definition.” “Of course,” Macgregor replied, “And mercenaries fight for money. They fight for the people that pay them.”

On X, formerly known as Twitter, Elon Musk responded to a post by political commentator Ashley St. Clair. She said, “I was called a racist for saying this last year,” featuring a screenshot of a Daily Mail article that reads, “Biden administration ADMITS flying 320,000 migrants secretly into the U.S. to reduce the number of crossings at the border has national security ‘vulnerabilities.’” Musk replied: “It is obvious to anyone who is not a fool that this administration is deliberately importing vast numbers of illegals. “No grand conspiracy theory is needed to explain this, just simple incentives: they are far more likely to vote Democrat than Republican. “This is why Dems are constantly pushing to legalize illegals and won’t deport them, even when they are arrested for crime, which otherwise seem … I dunno … like an opportune time (shrug emoji). “If illegals can beat up American police on camera in Times Square, be released without bail, and get rewarded with free tickets to California, what more do you need to know?”

Is Musk being sensational? Take a listen to Senator Chris Murphy’s (D-Connecticut) words last month. He admitted to MSBNC host Chris Hayes that “the people we care about most” are “the undocumented Americans that are in this country.” TRANSLATION: “We want their votes!”

Hochul

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“It is the political version of the Big Gulp law, voters like consumers have to be protected against their own unhealthy choices..”

• Democrats Prepare to Resume Disqualification Efforts in Congress (Turley)

Calling it “one on a huge list of priorities,” Rep. Jamie Raskin (D., Md.) announced that he will be reintroducing a prior bill with Reps. Debbie Wasserman Schultz and Eric Swalwell to disqualify not just Trump but a large number of Republicans from taking office. The alternative, it appears, is unthinkable: allowing the public to choose their next president and representatives in Congress. It appears that the last thing Democrats want is for the unanimous decision to actually lead to an outbreak of democracy. Where the Court expressly warned of “chaos” in elections, Raskin and others appear eager to be agents of chaos in Congress. Soon after the decision, Raskin went on the air at CNN to assure people that he and his colleagues would not stand by and allow the right to vote be restored to citizens in the upcoming election.

He pledged to offer a prior bill that would declare Jan. 6 an “insurrection” and that those involved “engaged in insurrection.” I previously wrote about these “ballot cleansing” efforts because it would not just disqualify Trump but potentially dozens of sitting Republican members of Congress. Rep. Bill Pascrell (D-NJ) sought to bar 126 members of Congress under the same theory. Similar legislation offered by Rep. Cori Bush (D-Mo.) to disqualify members got 63 co-sponsors, all Democrats. Raskin’s participation in this effort is crushingly ironic. In 2016, he sought to block certification of the 2016 election under the very same law as violent protests were occurring before the inauguration. The prior bills were sweeping and included members who did not engage in any violent acts (no member has been charged with such violence or even incitement) but merely opposed certification.

Raskin recently offered a particularly Orwellian argument for the disqualification of Trump and his colleagues in Congress: “If you think about it, of all of the forms of disqualification that we have, the one that disqualifies people for engaging in insurrection is the most democratic because it’s the one where people choose themselves to be disqualified.” In other words, preventing voters from voting is “the most democratic” because these people choose to oppose certification . . . as he did in 2016. After the ruling, Raskin added the curious claim that the justices “didn’t exactly disagree with [the disqualification theory]. They just said that they’re not the ones to figure it out. It’s not going to be a matter for judicial resolution under Section 3 of the 14th Amendment, but it’s up to Congress to enforce it.”

That was sharply different from the pre-decision Raskin who insisted that there was no real question legally and that the case before the justices was “their opportunity to behave like real Supreme Court justices.” Well, they did act as “real Supreme Court justices” by unanimously opposing what the Court described as the “chaos” that would unfold with such state disqualification efforts. Raskin, however, is seeking a new avenue for chaos through Congress. Raskin’s statement is also bizarre in claiming that somehow the justices agreed with him and the others pushing disqualification. No one, not even the Trump team, questioned that Congress could act to bar people from office. It is expressly stated in the Constitution. It is not an “argument” but a fact. Of course, the Democrats would need to craft the legislation correctly to satisfy the standard and secure the support of both houses. Neither appears likely at this point.

However, Raskin is succeeding in one respect. He and his colleagues have bulldozed any moral high ground after January 6th. Most of us condemned the riot on that day as a desecration of our constitutional process. Yet, the Democrats have responded with the most anti-democratic efforts to prevent voters from exercising their rights in the upcoming election. For these members, citizens cannot be trusted with this power as Trump tops national polls as the leading choice for the presidency. It is the political version of the Big Gulp law, voters like consumers have to be protected against their own unhealthy choices.

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“Russophobia, proposed by Victoria Nuland as the main foreign policy concept of the United States, is dragging the Democrats to the bottom like a stone..”

• Victoria Nuland Quits (RT)

US Deputy Secretary of State Victoria Nuland is poised to leave her post soon, Secretary of State Antony Blinken has announced. The senior official, widely regarded as a foreign policy hawk, played a key role in the Western-backed coup in Kiev in 2014. In a statement on Tuesday, Blinken noted that his friend “Toria” has held most of the jobs at the State Department, from a consular officer to ambassador and deputy secretary, over her 35-year career. Her most recent posting was as undersecretary for political affairs. She was also Blinken’s acting deputy after the July 2023 retirement of Wendy Sherman, until Kurt Campbell was confirmed to the post last month. “What makes Toria truly exceptional is the fierce passion she brings to fighting for what she believes in most: freedom, democracy, human rights, and America’s enduring capacity to inspire and promote those values around the world,” Blinken said.

He also noted that her “leadership on Ukraine” will be the subject of study “for years to come” by diplomats and students of foreign policy. Nuland was directly involved in the Maidan uprising and the subsequent coup in Kiev. In December 2013, she visited Ukraine to hand out pastries to the armed protesters in Kiev’s central square. She was then recorded discussing how to “midwife this thing” with then-US ambassador to Kiev, Geoffrey Pyatt, just days before the February 2014 coup. She resigned from the State Department during the Trump administration, taking the helm of the Center for a New American Security (CNAS) think-tank before joining the Albright Stonebridge Group and the board of the National Endowment for Democracy (NED). She rejoined the government after President Joe Biden’s inauguration in 2021.

In that capacity, she has worked on arming Ukraine and assembling a Western coalition that would supply Kiev with weapons and ammunition for the conflict with Russia. Last month, she pleaded to Congress to approve $61 billion in funding to Ukraine, arguing that most of it would be “going right back into the US economy,” to create jobs in the weapons industry. Her most recent trip to Kiev involved intervening with President Vladimir Zelensky on behalf of General Valery Zaluzhny, though to no avail. Zaluzhny was subsequently fired. In a CNN interview at the end of February, Nuland admitted the defeat of US policy towards Moscow, describing today’s Russia as “not the Russia that, frankly, we wanted.”

Russian Foreign Ministry Spokeswoman Maria Zakharova attributed Nuland’s exit to “the failure of the anti-Russian course of the Biden administration.” “Russophobia, proposed by Victoria Nuland as the main foreign policy concept of the United States, is dragging the Democrats to the bottom like a stone,” Zakharova said. Posting a photo of Nuland taken at an Orthodox church at some point, she said that if the US politician wanted to “go to a monastery to atone for your sins, we can put in a good word.” Nuland is married to neoconservative stalwart Robert Kagan. Her sister-in-law Kimberley Kagan, married to Robert’s brother Fred, runs the Institute for the Study of War. Her temporary replacement at the State Department will be Under Secretary for Management John Bass.

https://twitter.com/i/status/1765092971001848154

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“With four more years of Biden, the hordes of illegal aliens stampeding across our borders will exceed 40 to 50 million people,” Trump claimed, saying healthcare, education, and social security will collapse under the pressure.”

• Tucker Carlson Compares US to Roman Empire (RT)

Allowing illegal migrants into the US military as a means of granting them citizenship will lead the country towards inevitable collapse, former Fox News host Tucker Carlson said in a video posted on X (formerly Twitter) on Tuesday. In the clip, Carlson recalled the fall of the Roman Empire, stating that while historians have long debated the reasons for the collapse of one of history’s most powerful empires, one fact has been “pretty obvious.” “The roman military, its legions, became dominated by non-citizens, who in the end, because they weren’t loyal to Rome, turned against Rome’s citizens,” he explained. Carlson went on to say that this course of events was similar to what is currently happening in the US, which has been “flooded” with illegal aliens – over 7.2 million since President Joe Biden entered office, according to the White House’s official estimates.

“That number is greater than the population of 32 states,” he noted. But the main issue, according to the former Fox News host, is that instead of deporting these people, Congress is entertaining the idea of enlisting them into the US military. One such proposal is the Courage to Serve Act introduced by Pat Ryan, a Democratic congressman from New York. The bill would offer “qualified and vetted migrants” an expedited path towards citizenship if they serve in the military, Ryan said, noting that the US military missed its recruiting goals by around 41,000 in 2023. Carlson, however, vehemently rejected the idea, arguing that the military’s struggle to meet recruiting goals is the result of intentionally alienating white American men who have always made up the majority of the country’s fighting force.

But instead of addressing these issues and figuring out why young Americans don’t want to join the armed forces, Calrson claimed that Congress has decided to “allow an invasion of the country, not use the military to stop it, and then populate the military with people who are invading the country and hope for the best.” Former US President Donald Trump warned last month that America would collapse if Joe Biden remains in office following this year’s presidential election, suggesting that the country will have over 18 million illegal migrants by the end of the year. “With four more years of Biden, the hordes of illegal aliens stampeding across our borders will exceed 40 to 50 million people,” Trump claimed, saying healthcare, education, and social security will collapse under the pressure.

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X thread.

“There’s no NATOstan plan B. So back to Plan A: Forever Wars. Bring it on. Russia is ready.”

• It Has Been NATO Vs. Russia All Along (Pepe Escobar)

The – gray – cat is finally out of the bag, appropriately via weapons peddler Lloyd Raytheon: “If Ukraine is defeated, NATO will be at war with Russia.” Sideshows: The freakout by Le Petit Warmonger Roi – and his wet dreams of a pink can can Moulin Rouge army parading in the steppes of Novorossiya. Bundeswehr clowns dreaming of blowing up the Crimean bridge. Not to mention the astonishing abjectness 24/7 of the Liverwurst Reichskanzler – the one who betrayed his nation by duly accepting the Nord Streams bombing. The incoming, cosmic humiliation of NATO is one for the ages. And that inevitably extrapolates to the politico-economic sphere – where the strategic autonomy of the EU, the P.R. arm of NATO, is less than zero.

Enter psycho lowly functionaries of the Janet Yellen type dreaming of stealing Russian assets for good – a sort of financial bombing of the Crimean bridge. They actually believe the current free lunch system allows for sovereign assets to be simply stolen by the “rules-based international order” – and still they can get away with it because the US dollar won’t be toppled. It will. It’s just a matter of time. And they know it. De-dollarization is the economic arm of NATO’s cosmic humiliation, with Russia destroying Project Ukraine in the black soil of Novorossiya. There’s no NATOstan plan B. So back to Plan A: Forever Wars. Bring it on. Russia is ready.

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“What is not at all reported, even alluded to, is the racket being run by senior army officers close to him who are drawing the salaries of dead soldiers..”

“..Recently the EU agreed to send to Kiev 12.5 billion euros a year in cash for public sector salaries. Given the racket going on over dead soldiers salaries, this makes Brussels complicit in money laundering..”

• NATO’s Role in Ukraine Is as Sleazy as the EU’s (Jay)

Did Jens Stoltenberg really say that he had recently given “permission” to Ukraine to use F-16 fighter jets there in the war against Russia? If so, we can add it to the list of bumbling, buffoonish Freudian slips that he has chalked up himself while in office. But it does at least give us a glimpse of how western elites are no longer bothering to even cover up the fact that the war in Ukraine has, in reality, very little to do with Ukraine but rather is a much bigger war fought by the West against Russia. Yet the whole issue about F-16s in Ukraine will be shrouded in lies, doublespeak and fake news. The real story of these outdated fighter jets from the Netherlands – some might call a bribe to Biden to secure the Dutch prime minister as next NATO boss – will probably never be known. Journalists who even want to ask who will really fly these planes – Ukrainians or U.S. pilots – will never get a straight answer but be fobbed off with the normal NATO ‘secrets and lies’ which are what we have all come to understand is the normal modus operandi for this so-called defence organisation.

Timing is critical. Does Ukraine have the 6 months minimum time that Ukrainian pilots will need just to fly them, following intensive training? It’s a good bet that we will see them operational by the end of the summer with contracted, retired U.S. air force pilots flying them though – probably not in dogfight scenarios as they are no match for the newer Su-35s which Russia has – used in air to ground attacks. Of course, such a shift in strategy will lead Russia to target Ukrainian airfields, which some analysts are reporting is already happening but in reality, like so many decisions taken by NATO, this latest is just the latest in a long line of miscalculations. These 20-year old planes are going to be a real prize for Russia to shoot out of the skies like ducks on a Sunday afternoon. Pity the pilots who will be in their cockpits as they are on a suicide mission. The truth though will be very hard to get to with the F-16s. NATO will have already its fake news ready for the suppliant journalists ready to oblige.

It’s a similar story with a recent statement by Zelensky himself who claimed that something like 30,000 Ukrainians so far had died in battle. Did he forget a zero there reading from his notes? Did too much cocaine affect his vision? Was it a joke? No, it was no joke. Just more fake news dutifully processed by corrupt western media who don’t have journalists among them even capable of questioning the statement. However, the reason why the numbers of dead Ukrainian soldiers is such a polemic is interesting. You might be forgiven for thinking that if the real figure of at least 300,000 dead Ukrainians were to be admitted, that this would have a political consequence for Zelensky himself. And this would be true within a democratic context. But Zelensky has shut down all media that doesn’t replicate his propaganda, eliminated all opposition parties so it’s hardly likely anyone is going to question this ludicrous figure of 30,000 or so. In reality there is a much more salacious, if not mercurial reason why he needs to stick to this work of fiction: graft.

What is not at all reported, even alluded to, is the racket being run by senior army officers close to him who are drawing the salaries of dead soldiers – and how the West turns a blind eye, once again, to this particular scam involving millions of dollars of western aid. Recently the EU agreed to send to Kiev 12.5 billion euros a year in cash for public sector salaries. Given the racket going on over dead soldiers salaries, this makes Brussels complicit in money laundering. Would it be far fetched to assume that senior EU officials are receiving kickbacks, in return? Given Ursula von der Leyen’s murky dealings with Pfizer and the recent news that she is to evade any scrutiny for another 5 years in office, assuming her corrupt friends in the EU support her second term, it becomes clear what the EU and NATO’s objectives are in Ukraine of late: just keep the machine turning over and Zelensky in power.

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“With his plan for Gaza once military operations cease, Netanyahu has formally declared war on Biden and his campaign for re-election..”

• ‘Untenable Positions’ – Warning Signs Abound (Alastair Crooke)

Tuesday’s local elections were a flashing warning light for Israel. The ultra-Orthodox parties, the religious Zionist groups, and the far-right, racist parties – organized in a few communities and scored gains that are disproportionate to the true size of the groups they represent. Conversely, the democratic camp [largely secular liberal Ashkenazi], which for nearly a year turned out weekly for giant demonstrations on Tel Aviv’s Kaplan Street and dozens of locations around the country, failed in most cases to translate the anger into electoral gains in local governments”. “Another conclusion to draw from the elections” continues the Haaretz Editorial “is the growing similarity between the ruling Likud party and [Ben Gvir’s party] the far-right Otzma Yehudit (Jewish Supremacy). In Tel Aviv, the two parties ran together, in a move that was unimaginable in the pre-Benjamin Netanyahu Likud … We can learn from this that Likud is changing: Meir Kahane [a founder of the Jewish radical Right, and of Kach Party] defeated Ze’ev Jabotinsky; Jewish supremacy and forced population transfer replaced liberty”.

Put starkly, Israel is turning further to the Right. Another warning sign: In a (virtually) uncontested primary in the U.S., “a coalition of pro-Palestinian groups had set a modest target of 10,000 uncommitted votes—Trump’s margin of victory in Michigan in 2016—to send a message that voter frustration over Biden’s backing of Israel’s military campaign could cost him in November … ‘Uncommitted’ however, blew past the 10,000 target and clocked in at nearly 101,400 votes – about 13% of the tally. Biden earned more than 80% of the vote, yet the number of uncommitted votes were enough to send two ‘uncommitted’ delegates to the Democratic Party’s national convention in August”. “The biggest danger for the president here is not that too many people voted ‘uncommitted’”, said former Rep. Andy Levin (D., Mich.), who endorsed the effort. “The biggest danger is if he doesn’t get the message”.

A third warning sign: With his plan for Gaza once military operations cease, Netanyahu has formally declared war on Biden and his campaign for re-election: “Far from moving toward [the] two-state solution being promulgated by Biden, Netanyahu is calling for an increased and time-unlimited Israeli occupation not only of Gaza but also of the West Bank and all other areas of that which otherwise would constitute an independent Palestinian state. In effect, Netanyahu is calling for the total conquest by Israel of the remains of Palestine – the exact opposite of what Biden and the rest of the world are suggesting”. Put plainly: Netanyahu is putting Biden “between the devil and the deep blue sea”. The former knows that Biden is heavily dependent on not only the Jewish vote, but even more importantly, on Jewish money for his potential re-election.

Netanyahu seems to assess that he has the leeway safely to ignore Biden – and for the next eight months or so, to pursue his ambition unhindered: to seize control of ‘Greater Israel’ (up to the Litani River inside southern Lebanon) and to consolidate a Jewish Jerusalem. Even Tom Friedman at the New York Times is showing signs of panic: “It felt to me, at least, that the world was ready, initially, to accept that there were going to be significant civilian casualties if Israel was going to root out Hamas and recover its hostages … But now we have a toxic combination of thousands of civilian casualties and a Netanyahu peace plan that promises only endless occupation … So the whole Israel-Gaza operation is starting to look – to more and more people – like a human meat grinder whose only goal is to reduce the population so that Israel can control it more easily … And, I repeat, it is going to put the Biden administration in an increasingly untenable position”.

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“These factors expand the system of military threats to Russia and require a new level of security, where aerospace forces play a key role..”

• Defense Ministry Reveals Possible Scenario of Attack on Russia (Sp.)

An air-ground or air-sea operation could be launched against Russia that would begin with a rapid global strike and several massive missile and air strikes at the same time, reads an article in Military Thought magazine, published by the Russian Defense Ministry. According to the article, foreign experts are considering the emergence of new military structures called “joint operational formations.” These should be compact, highly mobile, multi-sphere groups of troops capable of inflicting a comprehensive defeat on an enemy’s administrative, political, and military-industrial infrastructure in all fields: land, sea, air, space, and information.

“The most expected forms of application of joint operational formations are air-ground campaigns. They begin with air (from 2030 air-space) offensive operations consisting of a quick strike and several (from 2-3 to 5-7) massive missile and air strikes. In this case, aviation will be one of the first to enter combat operations as the most maneuverable and adaptable type of troops, possibly even before the deployment of the main grouping,” the article says. Before the active phase of the operation starts, the enemy’s operational formations will carry out provocative, demonstrative, informational, and other potentially aggressive actions in order to control the situation. The aggressor will intensify all types of reconnaissance, regular aircraft and drone flights near the country’s borders, including flights of strategic bombers. It is also possible that there will be exercises with aircraft carrier groups and ships with cruise missiles.

The article stipulates that the amount of personnel within enemy’s joint operational formations in peacetime may be 50-70% of the troops that would operate during a war. “These factors expand the system of military threats to Russia and require a new level of security, where aerospace forces play a key role,” the Russian Defense Ministry concludes. The utmost importance of the Russian Aerospace Forces in military conflicts raises the need to equip them with new modernized aircraft, including drones and weapon complexes, introduce advanced automated control systems, and improve intelligence support.

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While they’re restructuring..

• Russian Armed Forces Continue to Push Ukrainian Troops Westward – Shoigu (Sp.)

The Russian armed forces did not allow Ukrainian troops who fled from the Avdeyevka strongpoint to gain a foothold on the new line and continue to push them westward, Russian Defense Minister Sergei Shoigu said on Tuesday. “After Ukrainian fighters fled from the Avdeyevka strongpoint, the Russian group of troops did not allow them to gain a foothold on the Stepovoe-Lastochkyno-Severnoe line and continues to push the enemy westward,” Shoigu told a meeting with senior military officials. Russia has created Leningrad and Moscow military districts due to NATO military buildup near the country’s borders, Shoigu said.

“Amid NATO’s military buildup near Russian borders … Two inter-specific strategic territorial units of the armed forces have been created — the Leningrad and Moscow military districts,” Shoigu told a meeting with senior military officials President Vladimir Putin’s decree has established the military-administrative division of Russian, which now incorporates new regions, Shoigu added. Russia plans to create a prototype of a new Il-212 light military transport aircraft with jet engines by the end of 2026, Shoigu said. “The United Aircraft Corporation has already begun developing the technical design of the aircraft. Production of the prototype is planned for the end of 2026,” Shoigu told a meeting with senior military officials.

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“The hybrid war waged by the collective West against the Russian people is in full swing, Foreign Ministry spokeswoman Maria Zakharova said..”

• German Military Leak Becoming Massive Headache for West (Sp.)

An audio recording of a conversation between high-ranking German military officers on security topics concerning Russia and Ukraine was published by Russian media on Friday. The publication of German military officers’ conversations about possible strikes on the Crimean Bridge has hurt the position of German Chancellor Olaf Scholz, undermined Ukraine’s prospects of getting Taurus missiles, and showed the superiority of Russian President Vladimir Putin, according to a Politico article. “After so many years as Russia’s leader, Putin is still a master spy at heart. There is no greater pleasure than outwitting Russia’s adversaries,” the article said. “Nothing on the tape is manipulation. That’s why it’s so powerful: it’s not disinformation, it’s just information revealed,” the article summarized. The leaked recording revealed “the institutional frustration of the German military.”

Opposition politicians may launch an investigation into why Scholz doesn’t intend to send Taurus missiles to Ukraine, but it could take months to finish. This makes it even more unlikely that Kiev will get these weapons, the article concludes. Margarita Simonyan, editor-in-chief of RT and Rossiya Segodnya, Sputnik’s parent media group, published a recording of the February 19 conversation between four German military officers on Friday. German news agency DPA reported earlier that the leaked audio recording was authentic. On Saturday, German Chancellor Olaf Scholz, who has repeatedly ruled out the possibility of supplying Ukraine with Taurus missiles, said that the government was investigating the leak. The Russian Foreign Ministry has requested an explanation from German Ambassador to Moscow Alexander Graf Lambsdorff. The hybrid war waged by the collective West against the Russian people is in full swing, Foreign Ministry spokeswoman Maria Zakharova said.

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“The situation is simply not good and does not match the threat map..”

• Israel’s Manpower Crisis Worsens As Wave Of Resignations Hits Army (Cradle)

The Israeli Army Spokesperson’s Unit, led by Lt Col Daniel Hagari, has witnessed a large wave of resignations. Among those who resigned are Hagari’s second in command, Colonel Butbol, as well Colonel Moran Katz and the army’s International Spokesman Lieutenant Richard Hecht. “A large number of officers recently announced their retirement from the unit responsible for the military’s information system,” Hebrew news outlet Channel 14 reported on 3 March. A number of female officers were also among those who resigned. The resignations came “after things did not work out ‘professionally and personally,’” Channel 14 correspondent Tamir Morg said. Several officers have reportedly complained about not moving up in the ranks, the Hebrew outlet explained.

“The picture is complex, since it is a military system and sometimes people reach retirement age and leave for no particular reason, but despite this, the number of people who retire at once during a war is unusual,” the correspondent said. The Israeli military has not responded to requests for comment. The resignations come as significant tension has overtaken Israel’s military establishment. Israeli Defense Minister Yoav Gallant has been calling for an end to draft exemptions for Israel’s ultra-Orthodox community, citing a severe manpower crisis in the army. Gallant said he would only support legislation to settle the issue if certain members of the ruling coalition backed it.

“The army is in need of manpower now. It’s not a matter of politics, it’s a matter of mathematics,” the defense minister said on Sunday. Gallant’s position is causing tension with ultra-Orthodox parties in the coalition, viewed as integral to the current government’s survival, according to Hebrew media. Israel is taking severe losses from its genocidal war in Gaza and its attempt to eradicate the Palestinian resistance. While Israel claims that Gaza’s southernmost city of Rafah is the final Hamas stronghold, the group’s military wing, along with several other factions, continue to fiercely confront Israeli troops across the strip. “The situation is simply not good and does not match the threat map,” Ynet reported on 1 March.

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“Galloway received 12,335 votes – over 40% of the votes cast – while the Conservatives gained 3,731 votes, and Labour, 2,402..”

• George Galloway Is Not A Threat To Democracy (Hryce)

Last week’s exchange of insults between newly elected MP George Galloway and Prime Minister Rishi Sunak highlighted the festering political divisions that have recently emerged in Western democracies over the ongoing conflict in Gaza. Their vituperative exchange also made clear that rational debate over Gaza is virtually impossible in those Western nations in which both major political parties uncritically support America’s pro-Israel foreign policy in Gaza. Debates over domestic culture war issues in the West have for decades been characterized by irrationality, demonization of opponents, the abolition of history, and the refusal to acknowledge the right to express a view contrary to dominant woke ideologies. Within such a neo-totalitarian intellectual culture, it would be foolish to expect that a debate over a historically contentious issue like Gaza could be conducted rationally. Nevertheless, last week, Galloway won a by-election in Rochdale, a poor Midlands electorate in the UK formerly held by the Labour Party.

It was an astounding and comprehensive victory. Galloway received 12,335 votes – over 40% of the votes cast – while the Conservatives gained 3,731 votes, and Labour, 2,402. Galloway labeled his win as “a thumping victory” over both major parties – and he described Keir Starmer and Sunak, in characteristically provocative fashion, as “two cheeks of the same backside” that he had just “spanked.” Galloway is a controversial and charismatic political figure. He is a former Labour and Independent MP who courageously opposed Tony Blair and George Bush’s war against Iraq, and he has been a trenchant defender of the Palestinian cause for decades. In the Rochdale by-election – an electorate with a Muslim population of around 30% – Galloway focused his campaign on calling for an immediate ceasefire in Gaza. In the UK, the Gaza conflict has become a deeply divisive political issue over the past six months. During that time, more than 30,000 people have been killed by the Israeli military, most of them civilians and many of them women and children.

Many citizens in the West – to their credit – have refused to turn a blind eye to the distinction between terrorists and civilians, and the humanitarian crisis that America’s continuing support for the Netanyahu government has created in Gaza. It cannot be disputed that America’s persistent refusal to support a ceasefire in Gaza has resulted in the deaths of thousands of innocent Palestinian civilians. In the UK and Australia, the governments and major opposition parties have, up until now, resolutely supported America’s stance and refused to call for an immediate ceasefire. In these countries, it has fallen to minor left-wing parties to oppose America’s position – in the UK, it has been Galloway’ Workers Party, and in Australia, it has been the Greens. But principled opposition to America’s Gaza policy does not end there.

Deep-seated divisions have emerged within the Democratic Party in America, the Labour Party in the UK, and the Labor government in Australia – as a result of significant segments of these parties strongly opposing the stance on Gaza taken by US President Joe Biden, UK Labour leader Keir Starmer, and Australian Prime Minister Anthony Albanese. The British parliament recently descended into complete chaos when Starmer pressured the speaker of the House of Commons to breach parliamentary convention and prevent debate over a Scottish National Party (SNP) motion calling for an immediate ceasefire in Gaza.

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“I give interviews to everybody. I’m a free man, I’m an elected free man. I have the right to speak and I will go on speaking to whomsoever wants to hear me..”

• Galloway Explains Why RT Was Banned: ‘Too many people watched’ (RT)

Fresh from his election to parliament to the British parliament, MP George Galloway spoke with RT on Tuesday about the state of media freedom in Britain and London’s disastrous policies in the Middle East and Ukraine. Galloway trounced both Tory and Labour candidates in last week’s Rochdale by-election, winning twice as many votes than both major parties combined. PM Rishi Sunak denounced the result as “beyond alarming” and a threat to “our democracy itself.” As Galloway pointed out, however, he has been elected to Parliament a total of seven times – far more than Sunak or Labour leader Keir Starmer. “These people are hypocrites. Things like democracy, human rights, rule of law, rules-based international order, it’s just lipstick on a pig. They wipe the lipstick off whenever they no longer feel the need to look prettier,” he claimed.

“As Sunak’s speech outside Number 10 [Downing Street] on Friday about my election makes clear, it’s not beyond them even to cancel elections,” he added. British authorities have banned RT and the Iranian PressTV outright, refused to renew the license of China’s CGTN, and blocked outlets like Venezuela’s TeleSur. “The reason is pretty simple if you think about it: Too many people were watching these TV channels. Too many people were watching RT. Not just in Britain, but even more so in Germany. That is why RT was closed down. Because too many of the public were watching it. How’s that for freedom?” said Galloway. The best illustration of press freedom in the UK is that “a good friend of mine is lying in the dungeon of Belmarsh top security prison,” Galloway said. “His name is Julian Assange He is convicted of no crime. And yet he is being held with mass murderers and terrorists in the worst prison for the worst people in England. And for what? For telling the truth as a publisher.”

He admitted the government might retaliate against him for speaking to RT, but said, “I don’t care.” “I give interviews to everybody. I’m a free man, I’m an elected free man. I have the right to speak and I will go on speaking to whomsoever wants to hear me. Nothing is solved by covering things up. Nothing is solved by denying people access to a different point of view,” Galloway said, recalling RT’s long-time slogan, “Question More.” Galloway is no stranger to RT. He has written many op-eds for the outlet and hosted his own TV show called ‘Sputnik Orbiting the World’ during his hiatus from Parliament.

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“..if we include off balance sheet assets including the shadow banking system and derivatives, we are looking at assets (which will become liabilities) in excess of $2 quadrillion..”

• Gold – We Have Liftoff! (Egon von Greyerz)

All Empires die without fail, so do all Fiat currencies. But gold has been shining for 5000 years and as I explain in this article, Gold is likely to outshine virtually all assets in the next 5-10 years. In early 2002 we made major investments in physical gold for our investors and ourselves. At the time gold was around $300. Our primary objective was wealth preservation. The Nasdaq had already crashed 67% but before the bottom was reached, it lost another 50%. The total loss was 80% with many companies going bankrupt. In 2006, just over 4 years later, the Great Financial Crisis started. In 2008, the financial system was minutes from imploding. Banks like JP Morgan, Morgan Stanley and many others were bankrupt – BANCA ROTTA – Virtually unlimited money printing postponed the collapse and since 2008 US total debt has almost doubled to $100 trillion. Gold backing of a currency doesn’t always solve a debt problem but it certainly makes it more difficult for the government to cook the books which they do without fail.

So tricky Dick (Nixon) couldn’t make ends meet in the late 1960s – early 70s partly due to the Vietnam war. Thus in 1971 Nixon, by closing the Gold window, started the most spectacular bonfire of the US government budget books. How wonderful, no more accountability, no more shackles and no more gold deliveries to de Gaulle in France who was clever to ask for gold instead of dollars in debt settlement from the US. So from August 1971, the US embarked on a money printing and credit expansion bonanza never seen before in history. Total US debt went from $2 trillion in 1971 to $200 trillion today – up 100X! Since most major currencies were linked to the dollar under the Bretton Woods system, the closing of the gold window started a global free for all with the printing press (including bank credit) replacing REAL MONEY i.e. GOLD.

The consequences of this “temporary” move by Nixon is that all Fiat or paper money has declined by 97-99% since 1971. The price of assets have obviously inflated correspondingly. In 1971 total US financial assets were $2 trillion. Today they are $130 trillion, up 65X. And if we include off balance sheet assets including the shadow banking system and derivatives, we are looking at assets (which will become liabilities) in excess of $2 quadrillion. I forecast the derivative bubble and demise of Credit Suisse in this article (Archegos & Credit Suisse – Tip of the Iceberg) and also in this one (The $2.3 Quadrillion Global Debt Time Bomb). Luke Gromen in his Tree Rings report puts forward two options for the world economy which can be summarised as follows:

1. Dedollarisation continues, the Petrodollar dies and gold gradually replaces the dollar as a global commodity trading currency especially in the commodity rich BRICS countries. This would allow commodity prices to stay low as gold rises and drives a virtuous circle of global trade. If the above option sounds too good to be true especially bearing in mind the bankrupt status of the global financial system, Luke puts forward a much less pleasant outcome. And in my view, Luke’s alternative outcome is sadly more likely, namely:

2. “China, the US Treasury market, and the global economy implode spectacularly, sending the world into a new Great Depression, political instability, and possibly WW3…in which case, gold probably rises spectacularly all the same, as bonds and then equities scramble for one of the only assets with no counterparty risk – gold. (BTC is another.)”

Yes, Bitcoin could go to $1 million as I have often said but it could also go to Zero if it is banned. Too binary for me and not a good wealth preservation risk in any case. As Gromen says, there is a virtuous case and there is a vicious case for the world economy. But above both cases shines GOLD! So why hold the worthless paper money or bubble assets when you can protect yourself with Gold!

Read more …

 

 

 

 

 

 

Plastic roads
https://twitter.com/i/status/1764876916194959761

 

 

Baby peacock

 

 

Hippo

 

 

Big Cats

 

 

Mutualism

 

 

Trunk
https://twitter.com/i/status/1764757944799727681

 

 

Puppies
https://twitter.com/i/status/1765103517000143069

 

 

 

 

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

 

 

 

 

 

Debt Rattle March 2 2024

Mar 022024
 
 March 2, 2024  Posted by at 9:51 am Finance Tagged with: , , , , , , , , , ,  12 Responses »


Camille Corot Study for “The Destruction of Sodom” 1843

 

• Germany Launches Investigation Into Leaked Crimean Bridge Attack Talk (RT)
• France Considering Placing Special Forces In Ukraine – Le Monde (RT)
• Macron’s Idea to Send NATO Troops to Ukraine ‘Made Him Look Very Foolish’ (Sp.)
• NATO Troops Already Deployed to Ukraine, and Getting Killed (SCF)
• Austin: If Ukraine Is Defeated, NATO Will Be At War With Russia (ZH)
• Austin Talking About NATO-Russia War Means US Has A Plan For It – Lavrov (TASS)
• Putin Learned From His Mistakes and Today Gives Us Precious Lessons (Vasco)
• The Blob Quivers (Kunstler)
• The West Is Willing To Destroy Its Financial System To Punish Russia (RT)
• Biden Wants To Give Russian Central Bank Funds To Ukraine, France Resists (ZH)
• The Global South Converges to Multipolar Moscow (Pepe Escobar)
• Haley: Nominating Trump Means ‘Suicide for Our Country’ (RCP)
• Musk Sues ChatGPT Maker Over AI Threat (RT)
• The Truth is a Complete Defense (PO)

 

 

Don’t miss

https://twitter.com/i/status/1763514262096417107

 

 

 

 

Galloway

 

 

Mike Benz

 

 

 

 

McAfee
https://twitter.com/i/status/1763632280289923463

 

 

Bret W.

 

 

Rep

 

 

RFK

 

 

 

 

 

 

This makes Germany a direct participant. We see both Germany and France getting more involved, and denying that at the same time.

The forces for forever war appear to be winning. But wait till their people understand this. They certainly don’t want it. Time for a major false flag?!

• Germany Launches Investigation Into Leaked Crimean Bridge Attack Talk (RT)

Berlin’s first reaction to Friday’s revelations that several German generals discussed helping Ukraine attack Russia was to launch an investigation into how the recording got out. RT Editor-in-Chief Margarita Simonyan first published a transcript of the conversation between senior Luftwaffe officers discussing the matter, followed by a 38-minute audio recording. “We are checking whether communications within the Air Force were intercepted,” a spokesperson for the German Ministry of Defense told the outlet Bild. “We cannot say anything about the content of the communications that were apparently intercepted.” The Federal Office for Military Counterintelligence (BAMAD) has “initiated all necessary measures,” the ministry said in response to an inquiry from the state news agency DPA.

Meanwhile, the Bundeswehr has also resorted to censorship. Multiple accounts on X (formerly Twitter) that distributed the recording were blocked in Germany as of Friday evening. Bild claimed that “it seems obvious” Russian spies “or one of their partners” were behind the recording. The 38-minute audio was dated February 19 and features four officers of the German air force (Luftwaffe), including its head General Ingo Gerhartz and deputy chief of staff for operations, Brigadier-General Frank Graefe. The officers assumed that Germany would send up to 50 Taurus long-range missiles to Ukraine and the ways in which the Luftwaffe could provide the Ukrainians with targeting information without appearing to be directly involved in the conflict with Russia.

They also noted the Ukrainians’ obsession with targeting the Kerch Strait bridge, noting its significance was primarily political rather than military. At one point, Gerhartz admitted that the missiles “won’t change the course of the war,” while another officer expressed doubt that even 20 Taurus hits could actually destroy the bridge. The Russian Foreign Ministry and parliament have both announced they would demand an explanation from Berlin. The government of Chancellor Olaf Sholz has not officially commented on the intercepted call.

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“They have, however, always “stopped at the Ukrainian border..”

• France Considering Placing Special Forces In Ukraine – Le Monde (RT)

The French government is mulling sending a small military force directly into Ukraine to serve as instructors for Kiev’s Armed Forces and as a “deterrent” to Moscow, newspaper Le Monde reported on Friday, citing its sources. The paper did not disclose the number of French military ‘instructors’ that could potentially be authorized to cross into Ukrainian territory but reported that their ranks could include some “conventional units.” According to Le Monde, France’s Special Forces were also involved in training Ukrainian soldiers in neighboring Poland and in escorting the nation’s arms deliveries to Kiev. They have, however, always “stopped at the Ukrainian border,” the outlet added. The training France would like to provide to Ukrainians “on the ground” includes handling air defense systems, Friday’s report said.

Kiev’s surface-to-air weapons installations are frequently targeted by Russian forces, it explained, adding that the “presence of French soldiers or [those] of other nations would potentially protect certain areas of the Ukrainian territory.” The French government allegedly views such a troop deployment as a way of posing a “strategic dilemma” for Moscow, the paper said, adding that it could “constrain” Russia’s targeting and strike capabilities. In particular, it may prove to be “essential” ahead of the arrival of US-made F-16 fighter jets, scheduled to take place later this year, the French daily added. So far, France has denied that any of its troops have been present in Ukraine during the conflict, the media outlet said. French President Emmanuel Macron sparked controversy on Monday when he told journalists that a potential NATO troop deployment to Ukraine could not be ruled out in the future.

“There’s no consensus today to send, in an official manner, troops on the ground,” he said. “In terms of dynamics, we cannot exclude anything. We will do everything necessary to prevent Russia from winning this war.” Macron’s comments prompted other members of the US-led bloc, including the US, UK, Germany and Italy, to clarify that they had no such plans. The French president’s remarks were seemingly supported by two Baltic nations – Estonia and Lithuania – who also said that such a move could not be ruled out. Moscow warned in response that deploying NATO forces to Ukraine would make a direct conflict between Russia and the military bloc inevitable. On Friday, French Foreign Minister Stephane Sejourne denied that Paris was planning to send any combat units to Ukraine, adding that it would do “everything” to avoid a war with Russia. The French president himself doubled down on his comments on Thursday by saying his words had been “thought through and measured.”

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“..the Germans were incensed at the cheekiness of Macron to publish a new initiative which can easily lead to [an] escalation of the war and to Germany being targeted by Russian missiles.”

• Macron’s Idea to Send NATO Troops to Ukraine ‘Made Him Look Very Foolish’ (Sp.)

The past few days have seen Western media discuss “open display of discord” between French President Emmanuel Macron and German Chancellor Olaf Scholz. After Macron recently proclaimed that he refuses to rule out sending EU troops to Ukraine, Scholz rejected the idea by emphasizing that “there will be no soldiers on Ukrainian soil sent there” by European states or NATO members. “There has long been a certain antagonism” between Macron and Scholz, “and the issue of aid to Ukraine has only exacerbated the existing contradictions,” Dr. Gregor Spitzen, German political analyst and independent journalist, said in an interview with Sputnik “France’s ill-considered initiative to send NATO ground troops to Ukraine made Macron look very foolish. The initiative was not even supported by NATO’s main anti-Russian hawks – the UK and Poland. The idea was also viewed negatively in the US,” Spitzen clarified.

He also noted that while “passionate volunteers from the French Foreign Legion are already fighting and dying in Ukraine […], most soldiers in European armies are not eager to take part in modern warfare, where the risk of dying in a rocket attack without even seeing the enemy is high.” Dwelling on the repercussions from Macron’s remarks, Spitzen suggested that “We are likely to see European and American arms deliveries to Ukraine for some time to come.” At the end of the day, however, “the West, seeing that the war is lost, will increasingly tempt Ukraine to make a separate peace,” the analyst predicted. Spitzen was echoed by Gilbert Doctorow, an international relations and Russian affairs analyst, who said that he thinks “the Germans were incensed at the cheekiness of Macron to publish a new initiative which can easily lead to [an] escalation of the war and to Germany being targeted by Russian missiles.”

When asked whether European countries will avoid further confrontation with Russia after Macron’s statement, Doctorow argued they “will likely continue it but in less risky places”, and that if Donald Trump comes to power in the US, they “will have to come to terms with Moscow over a new security architecture for the Continent.” The comments come after Russian President Vladimir Putin warned in his state of the nation address that NATO risks a nuclear conflict if it sends troops to support the Kiev regime. “There’s been talk of sending NATO military forces to Ukraine. We remember the fate of those who sent their contingents to our country before and this time the consequences for the potential interventionists will be far more tragic,” Putin said. He urged the US and Europe to acknowledge the fact that Russia possesses weapons capable of targeting their territories and that all this plainly poses the risk of a conflict involving nuclear weapons, and therefore “the destruction of civilization”.

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“..It is estimated that up to 20,000 foreign personnel have joined the so-called “international legionnaires” fighting on the side of the Kiev regime..”:

• NATO Troops Already Deployed to Ukraine, and Getting Killed (SCF)

NATO has been vigorously arming and training the NeoNazi regime that was installed in Kiev since 2014. Even Jens Stoltenberg and other NATO officials have openly admitted that background involvement. In admitting the NATO presence in Ukraine over the past decade that also corroborates Russia’s reasoning of why it was compelled to launch its military intervention two years ago. Of course, the Western powers and their servile media never go as far as conceding that. They prefer to adopt a position of double-think and hypocrisy, claiming that Russia’s military action was “unprovoked aggression”. Macron may have been shot down for now and made to look like a dangling clown. But as so often in the past, controversial NATO ideas are put forward and seemingly rejected out of hand, only to be adopted later.

As Macron pointed out, Germany and other NATO nations were only two years ago reluctant to send military equipment beyond helmets and sleeping bags. Now these same entities have sent battlefield tanks and anti-aircraft missiles and are debating sending long-range weapons to strike deep into Russian territory. US President Joe Biden once remarked on the unfeasibility of supplying fighter jets to Ukraine “because that would mean starting World War Three”. Well, Biden has ended up consenting to the supply of F-16s and his NATO side-kick Stoltenberg asserts that these warplanes could be used to hit deep Russian targets. In other words, Macron’s notions about NATO ground troops going to Ukraine may be rebuffed for now in public. But the inexorable dynamic over the past decade indicates that the idea could well become a reality shortly.

NATO’s involvement in Ukraine is a strategic wedge to attack, weaken, and eventually vanquish Russia. What starts as a thin quantity inevitably grows into a bigger contingency. NATO military personnel are already in Ukraine and have been since at least 2014 when they started training the NeoNazi brigades to terrorize the ethnic Russian populations in Crimea, Donbass, and Novorossiya. Many of these soldiers are deployed unofficially as mercenaries or ostensibly as security details for NATO diplomats. Numerous reports have attested to the presence of NATO troops in Ukraine in one form or another. A Russian air strike near Kharkov in January killed at least 60 French military officers who were reportedly serving as private contractors. Other reports have cited as many as 50 American military killed in action serving in Ukraine.

It is estimated that up to 20,000 foreign personnel have joined the so-called “international legionnaires” fighting on the side of the Kiev regime against Russian forces. A fair assumption is that most of these soldiers of fortune are temporarily “decommissioned” NATO troops. Germany’s Scholz let the cat out of the bag this week when he said he was opposed to sending long-range Taurus missiles to Ukraine because that would mean the deployment of German troops to assist with operating the weapons. Scholz misspoke by inadvertently disclosing that the British and French had already dispatched special forces to assist with their missile systems, the Storm Shadow and Scalp, respectively.

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“..the already slim chances of jump-starting serious peace negotiations to end the war are slipping away fast.”

• Austin: If Ukraine Is Defeated, NATO Will Be At War With Russia (ZH)

This is the single most important, dangerous and highly revealing statement from a top defense official in the West in a long time… It also demonstrates the precarious urgency of the moment and the huge stakes going into the November US election. The world truly stands on the precipice of a nuclear nightmare with the following fresh assertion of Biden’s Secretary of Defense Lloyd Austin, who said before Congress on Thursday: “If Ukraine falls, I really believe that NATO will be in a fight with Russia,” Austin stated. What’s more is that this came the very day that Russian President Vladimir Putin warned things could easily spiral toward nuclear war in the scenario that NATO sends troops to Ukraine. [..] According to the fuller context of the Pentagon chief’s statements, he emphasized that more Washington funding is crucial for Ukraine in order to prevent a situation where “one country can redraw its neighbors’ boundaries and illegitimately take over its sovereign territory.”

“We know that if Putin is successful here, he will not stop. He will continue to take more aggressive actions in the region. And other leaders around the world, other autocrats around the world will look at this and will be encouraged by the fact that this happened and we failed to support a democracy,” he added. “If you are a Baltic state, you are really worried about whether you are next. They know Putin. They know what he is capable of. And, frankly, if Ukraine falls, I really believe that NATO will be in a fight with Russia,” Austin said. What is even more alarming about this statement is that everyone now knows that Ukraine forces are in retreat at this very moment, especially after the Russian capture of the city of Avdiivka, and surrounding villages.

Bloomberg on Thursday issued a report predicting total collapse of the Ukrainian front lines by summer, as the headline suggests (Ukraine Sees Risk of Russia Breaking Through Defenses by Summer): “Ukrainian officials are concerned that Russian advances could gain significant momentum by the summer unless their allies can increase the supply of ammunition, according to a person familiar with their analysis,” the report says. According to more from Bloomberg: “Internal assessments of the situation on the battlefield from Kyiv are growing increasingly bleak as Ukrainian forces struggle to hold off Russian attacks while rationing the number of shells they can fire. Commander-in-Chief Oleksandr Syrskyi said Thursday that mistakes by frontline commanders had compounded the problems facing Ukraine’s defenses around Avdiivka, which was captured by Russian forces this month. Syrskyi said he’d sent in more troops and ammunition to bolster Ukrainian positions.”

So the consensus narrative and belated mainstream media admission is that Ukraine’s military is a mere months away from clear defeat, and the top US defense chief just said NATO will go to war with Russia “if Ukraine falls”. The conflict has reached a dire and perilously unpredictable moment indeed, and clearly the already slim chances of jump-starting serious peace negotiations to end the war are slipping away fast.

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“..according to Mr. Austin’s open, unambiguous statement, it’s the other way round. We do not have such plans and cannot have them, but the Americans do..”

• Austin Talking About NATO-Russia War Means US Has A Plan For It – Lavrov (TASS)

US Secretary of Defense Lloyd Austin, by saying that NATO and Russia could end up fighting each other if Ukraine is defeated, proved that the US has a plan for it, Russian Foreign Minister Sergey Lavrov said at a diplomatic conference in Antalya. “The meaning of this statement is that if Ukraine loses, NATO will have to go against Russia. In a Freudian slip he blurted out what they had in mind. Before that, everyone was saying: We can’t let Ukraine lose, because [Russian President Vladimir] Putin will not stop at this and will take over the Baltics, Poland, Finland. But it turns out, according to Mr. Austin’s open, unambiguous statement, it’s the other way round. We do not have such plans and cannot have them, but the Americans do,” the minister said. According to Lavrov, Europe is currently the main victim of the US policy of “dragging Ukraine into NATO.”

“All major expenses have been shifted to Europe. People are living increasingly worse, energy resouces have rocketed in price manyfold, compared with what it could have been if the Americans had not blown up the Nord Stream gas pipelines,” the minister said. He said the situation around Ukraine was devised by Washington to make sure that the European Union doesn’t become too strong of a rival to the US economy. “And this goal has been achieved. Europe is now no longer a competitor to the US at all. All the main businesses and manufacturing industry are moving to the US, where conditions are completely different and energy is much cheaper,” Lavrov said. Austin earlier said that he believed “NATO will be in a fight with Russia” if Ukraine was defeated. The US Defense Secretary made the statement at a House Armed Services Committee hearing.

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“..By 1998, eight out of ten farms had gone bankrupt and 70,000 state-owned factories had closed. In 1994, a third of Russians lived below the poverty line..”

• Putin Learned From His Mistakes and Today Gives Us Precious Lessons (Vasco)

In his interview with American journalist Tucker Carlson, President Vladimir Putin mentioned a fact that, for those – like me – who didn’t follow international politics 20 years ago, seems surreal. The Russian leader referred to a meeting he had with then-American President Bill Clinton in the Moscow Kremlin. “I asked him, ‘Bill, if Russia raised the issue of NATO membership, do you think it would be possible?’” Putin told Carlson. “Clinton replied: ‘It would be interesting, I think so!’” he continued. On the evening of that same day, when the two met again for dinner, Clinton’s opinion had changed radically. “‘I talked to my team. It’s not possible now,’” Clinton told Putin, according to the latter. “If he had said ‘yes’, the process of getting closer would have started, and, in the end, this could have happened if we saw a sincere desire from the partners,” he explained to Carlson.

A few days after this famous interview that went around the world, the BBC aired an interview with a former head of NATO confirming Putin’s intentions to join the military alliance in the early 2000s. “We had a good relationship”, revealed George Robertson. The Putin he met “wanted to cooperate with NATO” and “was very, very different from this almost megalomaniac of today”, recalled the historic member of the British Labor Party, staunch defender of Scotland’s slavery under the English yoke – even though he is Scottish – and who doesn’t realize that he lacks absolute morality to criticize the Russian intervention in Ukraine. With all the arrogance of a British man who still thinks he owns the world, Robertson indicated that the imperialist powers that, under his mandate at the head of NATO, finished attacking Yugoslavia and began the invasions of Afghanistan and Iraq did not want to deal with Russia as an equal, but rather as a vassal within the organization.

Putin may not have fully understood the message at the time. He did not yet realize NATO’s expansionist aspirations. He fought against Chechen Muslim separatists, who carried out terrorist attacks on Russian territory. Therefore, he felt the need to support George W. Bush’s infamous “war on terror”. In fact, until then relations between Russia and the West had been relatively good since the dissolution of the Soviet Union. Yeltsin was a darling of the “international community”, as had Gorbachev. But the economic devastation caused by the neoliberal shock did not please an important part of the Russian elite, particularly the military. The political, economic and social crisis was not resolved. By 1998, eight out of ten farms had gone bankrupt and 70,000 state-owned factories had closed. In 1994, a third of Russians lived below the poverty line and, even ten years later, 20% were still in this situation. Russia had lost 10% of its population due to capitalist savagery.

The rates of suicide, murder, alcoholism, drug use, sexually transmitted diseases and prostitution had increased exponentially. Huge street demonstrations expressed the population’s discontent, which almost led to the communist party’s return to power. The country’s president was a drunkard and the Chechen War threatened to spread to other regions and balkanize Russia – the division of Yugoslavia occurred in parallel with the Russian crisis. Putin rose to power as a natural successor to Yeltsin. But the real conditions in Russia (internal and external) forced him to take an opposite path. Internal social pressures were added to the second-class treatment received from Western powers and NATO’s moves towards its border. He began by stabilizing the internal situation. He renationalized key companies in the gas, oil and aviation sectors, such as Rosneft, Yukos (merged into Rosneft), Gazprom and Aeroflot and created RZD to control the transport system.

It also benefited national capitalists (or “oligarchs”, according to the propaganda of international bankers) to the detriment of foreigners. At the same time, he fought the separatists with an iron fist, regained control of the Caucasus, pacified the region and fully unified the country. Despite officially supporting Putin’s war against the Chechens, the U.S. actually had a dual policy. At the same time, it was in the interest of the imperialist powers to divide Russia to weaken it even more than they did with the fall of the USSR. After all, even if the government of a given country is an ally, it is always preferable to imperialism to reduce its territory to facilitate its domination. While they did not accept Russia’s integration, the imperialist powers bought Moscow’s former allies and integrated them into NATO. In 1999, the Czech Republic, Hungary and Poland joined the alliance. In 2004, it was the turn of Bulgaria, Slovakia, Slovenia, Estonia, Latvia, Lithuania and Romania. In 2009, Albania and Croatia.

Macgregor

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“The majority of the voters don’t seem receptive to a replay of this scam but the US government is at war with those voters..”

• The Blob Quivers (Kunstler)

Did the Blob get vaxxed and boosted? Does that explain the severe neurological damage it displays now as its hologram of lies about Ukraine and Russia Russia Russia flickers out in the blinding daylight of reality. First, there was the gigantic New York Times article published last Sunday blowing open the decade-long secret shadow war by the CIA in a sprawling network of underground bunkers on and around the Russian border. The story was a direct feed from Blob Central in Langley, VA, to Times errand boys Adam Entous and Michael Schwirtz, longtime RussiaGate hoaxers, and obviously intended to get ahead of the real news that the neo-con project to turn Ukraine into a NATO forward base against Russia has collapsed. Read closely, the Times story appears to be an effort by current CIA chief William Burns to hang-out-to-dry his predecessors John Brennan, Mike Pompeo, and Gina Haspel for the failed eight-year-long operation. Why? Because it looks like Russia is fixing to shut down the war ASAP, before its March 15 presidential election.

As it happened, Russian diplomats and Ukraine President Zelensky took turns visiting with Crown Prince Mohammed bin Salman (MBS) in Saudi Arabia this week, sparking rumors that these were peace talks with MBS playing mediator. The situation is delicate for all concerned. Ukraine itself verges on collapse with its army decimated, its ammo used up, and its coffers empty, awaiting the $60-plus-billion aid package that is stalled in Congress, meaning no salaries for Ukraine govt employees and no pensions. It’s delicate for the US because “Joe Biden” has declared our country won’t negotiate over Ukraine, despite the fact that there is nothing else to do now, or the end of the war will be negotiated without us. And remember, not many days ago Mr. Putin told Tucker Carlson that he was ready to talk to anybody. What this will demonstrate is that America has neither the ability to continue its proxy war nor the will or sense to engage in peace talks — all due to “Joe Biden’s” abject intransigence, and not a good look for someone pretending to run for re-election.

It’s delicate for Russia because such a humiliating loss for America could provoke “JB” and his NATO allies to some reckless and foolish act, say, sending NATO members’ ground troops directly into battle or a missile strike on Russian territory, setting off nuclear war. At the very least, the situation has already prompted the US government propaganda machine to kick-start Russia Russia Russia 3.0, the threadbare narrative that has been the accelerant of Democratic Party hallucinations about Russia interfering in US elections since 2016 — when it has actually been US spooks collaborating with a motley assortment of Ukrainian stooges, plus Marc Elias’s lawfare corps, plus the Intel Blob coercing social media to work its will. The majority of the voters don’t seem receptive to a replay of this scam but the US government is at war with those voters, so anything goes in the struggle to retain power.

While we await news out of those peace talks, a political firestorm rages around illegal immigrants from all over the world swarming across the US border. Nothing about that seems even remotely comprehensible, let alone defensible, anymore, as women fall prey to rape and murder by mutts released on-purpose into the US population, and cities groan under the financial burden of housing and supporting them. And so, it looks like the person directly responsible, Alejandro Mayorkas, might be riding his House impeachment bill into a senate trial — another bad look for the Democratic Party (of Chaos) going into the heart of election season.

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“..a particular type of paradoxical impulse that arises during times of momentous change..”

• The West Is Willing To Destroy Its Financial System To Punish Russia (RT)

US Treasury Secretary Janet Yellen has become the latest to add her voice to the growing chorus of Western officials calling for the seizure of Russia’s $300 billion in frozen foreign-exchange reserves for the benefit of Ukraine. This comes after UK Prime Minister Rishi Sunak penned an op-ed over the weekend in which he called for the West to be “bolder” in moving toward confiscating the assets. Notwithstanding the reticence being displayed in some quarters of Europe and various admonitions that such an action would be both blatantly illegal and also detrimental to the integrity of the financial system, the idea seems to be taking on a momentum of its own, particularly in Washington and London. What we are seeing is a vivid example of the type of thinking that places perceived short-term gains ahead of a commitment to preserve the integrity of an institution that derives its potency precisely from widespread confidence in that integrity.

It is also, as we will see, a manifestation of a particular type of paradoxical impulse that arises during times of momentous change. In this case, the institution in question is the Western-led global financial system, at the very heart of which is the US dollar. Outright confiscation of the Russian central bank reserves that have been immobilized since shortly after the Ukraine conflict began in February 2022 would deliver another jolting blow to the credibility of this system. Even as most of the assets are actually held in Europe, there would be no confusion about who was calling the shots and whose credibility is on the line. Of course, views differ about how much integrity the dollar-centric system ever had, and certainly the entire Bretton Woods framework established in the waning days of World War II very much served the interests of the victorious Americans.

But it cannot be disputed that for decades the dollar was widely viewed across the geopolitical spectrum as not just a market-determined reference point and currency for trade but as a safe store of value. As trade became increasingly liberalized, assumptions about a safe and dependable dollar system were built into all manner of economic and trade policies. Such assumptions became part of the very fabric of the global financial system. Where risks related to the dollar were understood to exist, they were largely seen as lying in the realm of interest-rate policy – in other words, these were market risks rather than risks inherent to the system itself. A series of emerging-market crises in the 1980s and ‘90s left many countries chastened about the perils of excessive dollar debt and the dangers that US interest-rate hikes can unleash.

But one of the conclusions that many countries drew from these episodes was the necessity of holding greater dollar reserves as a bulwark against shocks. Between 2000 and 2005, right on the heels of two decades of crises often triggered by rising dollar interest rates, emerging markets actually accumulated dollar reserves at a record pace of about $250 billion per annum, or 3.5% of GDP – a level five times higher than in the early 1990s. In other words, countries responded to shocks emanating from the dollar realm by increasing holdings of dollars. This only underscores the nature of how dollar-related risk was perceived at the time. It simply didn’t occur to anybody that greater exposure to the dollar was itself a risk. The idea that hundreds of billions of dollars’ worth of reserves could simply be confiscated if a country found itself at odds with the overseers of the system didn’t factor into any of the equations.

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“This legal basis must be accepted not only by the European countries, not only by the G7 countries, but by all the member states of the world community..”

• Biden Wants To Give Russian Central Bank Funds To Ukraine, France Resists (ZH)

President Biden wants the G7 countries to develop a plan to eventually have Russia’s frozen sovereign assets handed over Ukraine in order to support the war effort, Bloomberg has reported. Bloomberg’s source have also said the US president has privately warned allies that Ukraine’s collapse, and a Russian victory, would signify the international order is effectively destroyed for at least the next half-century. “G-7 officials have been discussing options to use the $280 billion of immobilized Russian Central Bank assets, including using the money as collateral to raise debt or issuing guarantees against the frozen funds, said the people, who spoke on the condition of anonymity,” according to the report. Biden reportedly wants a firm plan proposed by the time of the Italy G7 summit in June. The US has been working behind the scenes to build consensus. The UK and Canada are reportedly on board, but not Germany and France.

Earlier this week France firmly voiced its rejection of seizing the frozen Russian bank funds. “We don’t think this legal basis is sufficient,” French Finance Minister Bruno Le Maire said after the G7 finance ministers meeting in Brazil on Wednesday. “This legal basis must be accepted not only by the European countries, not only by the G7 countries, but by all the member states of the world community, and I mean by all the member states of the G20. We should not add any kind of division among the G20 countries.” Opponents, including of course Russian officials themselves, have highlighted that such a act would be outright and brazen theft. Russian Finance Minister Anton Siluanov has warned in response, “We have ways to respond. We have also frozen sufficient volumes of financial assets and investments of foreign investors in our securities, all of which transfers we carry out for the owners of our securities.”

Europe has to agree to any US push to freeze banks funds, since the bulk of Russia’s money – about $200 billion – is being held by European banks. In such a scenario Moscow may consider the ‘theft’ to be tantamount to an act of war. Still, Treasury Secretary Janet Yellen was undeterred when she was in Brazil this week. “It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance and long-term reconstruction,” she had said from Sao Paulo, speaking to 20 finance ministers and central bank governors. “I believe there is a strong international law, economic, and moral case for moving forward. This would be a decisive response to Russia’s unprecedented threat to global stability,” she added.

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“..the Collective West has been isolated by the Global Rest. “Global Rest”, incidentally, is a misnomer: Global Majority is the name of the game.”

• The Global South Converges to Multipolar Moscow (Pepe Escobar)

These have been frantic multipolar days at the capital of the multipolar world. I had the honor to personally tell Russian Foreign Minister Sergey Lavrov that virtually the whole Global South seemed to be represented in an auditorium of the Lomonosov innovation cluster on a Monday afternoon – a sort of informal UN and in several aspects way more effective when it comes to respecting the UN charter. His eyes gleamed. Lavrov, more than most, understands the true power of the Global Majority. Moscow hosted a back-to-back multipolar conference plus the second meeting of the International Russophiles Movement (MIR, in its French acronym, which means “world” in Russian). Taken together, the discussions and networking have offered auspicious hints on the building of a truly representative international order – away from the agenda-imposed doom and gloom of single unipolar culture and Forever Wars.

The opening plenary session in the first day fell under the star power of Foreign Ministry spokeswoman Maria Zakharova – whose main message was crystal clear: “There can’t be freedom without free will”, which could easily become the new collective Global South motto. “Civilization-states” set the tone of the overall discussion – as they are meticulously designing the blueprints of economic, technological and cultural development in the post-Western hegemonic world. Professor of International Relations Zhang Weiwei at Fudan University’s China Institute in Shanghai summarized the four crucial points when it comes to Beijing propelling its role as a “new independent pole.” That reads like a concise marker of where we are now: 1/ Under the unipolar order, everything from dollars to computer chips can be weaponized. Wars and color revolutions are the norm. 2/ China has become the largest economy in the world by PPP; the largest trade and industrial economy; and it is currently at the forefront of the Fourth Industrial Revolution. 3/ China proposes a model of “Unite and Prosper” instead of a Western model of “Divide and Rule”. 4/ The West tried to isolate Russia, but the Global Majority sympathizes with Russia. Thus, the Collective West has been isolated by the Global Rest.

“Global Rest”, incidentally, is a misnomer: Global Majority is the name of the game. The same applies to “golden billion”; those that profit from the unipolar moment, mostly across the collective West and as comprador elites in the satraps, are at best 200 million or so. Monday afternoon in Moscow featured three parallel sessions: on China and the multipolar world, where the star was Professor Weiwei; on the post-hegemony West, under the title “Is it possible to save the European civilization?” – attended by several dissident Europeans, academics, think tankers, activists; and the main treat – featuring the frontline actors of multipolarity.I had the honor to moderate the awesome Global South session, which ran for over three hours – it could have been the whole day, actually – and featured several stunning presentations by a stellar cast of Africans, Latin Americans and Asians, from Palestine to Venezuela, including Nelson Mandela’s grandson, Mandla. That was the multipolar Global South in full flight – as my imperative was to open the floor to as many people as possible. Were the organizers to release a Greatest Hits of the presentations, that could easily become a global hit.

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“She’s not building a big movement. What she’s doing is lying in wait and hoping for disaster.”

• Haley: Nominating Trump Means ‘Suicide for Our Country’ (RCP)

As Nikki Haley stubbornly clings to life ahead of Super Tuesday, warning that nominating Donald Trump for president a third time would mean “suicide for our country,” some of her closest supporters take solace in the fact that the future is unknowable. Perhaps there is a “fatal landmine” that the former president “could step on at any minute” or a lurking controversy that could “land him deep in the bottom of a well,” speculated Michigan State Rep. Mark Tisdal, who served on Haley’s leadership team for that state. “She is an alternative,” added Utah state Sen. Todd Weiler, who campaigned with Haley earlier this week, “and nobody knows what the future holds with the lawsuits and the age of both of our leading candidates.” Such are the unrealized hopes of the anti-Trump coalition. He will turn 78 in June, just three years younger than President Biden. He faces 91 felony counts in total among his four criminal indictments.

He has swept the first six nominating contests regardless. And Trump has yet to trip into a proverbial well or stumble onto any of the aforementioned landmines. During the primary, that is. Haley has urged the GOP to look to November from the beginning, offering up a well-worn rebuttal to the chorus of party members calling on her to exit. Now she has some data to make that case: “He lost 40% of the primary vote in all of the early states.” An accountant before politics, Haley points to the percentages in her favor as evidence of Trump’s weakness. In Minnesota Monday, she told a crowd, “You can’t win the general election if you can’t win that 40%.” Of course, unless the arithmetic changes in a hurry, Haley can’t win a primary with those numbers, either. As one prominent GOP operative put it to RealClearPolitics, requesting anonymity to speak frankly, “She’s not building a big movement. What she’s doing is lying in wait and hoping for disaster.”

Her campaign rejects outright any suggestion that Haley is waiting for catastrophe, legal or otherwise, to fall on Trump. They point to her dogged cross-country schedule and her seven-figure national ad campaign as evidence she hasn’t adopted a rear-guard strategy. They say Haley plans to win. “There’s a lot at stake this election. Nikki is fighting for the future of the Republican Party and long-standing conservative principles like fiscal discipline and a strong national security,” said spokeswoman Olivia Perez-Cubas. “If we don’t right the ship, Republicans are going to keep losing and that means Democrats and the far left will keep winning.” The substance of Haley’s fight has earned her comparisons to once-beloved Republican presidents. “She certainly represents the values and principal policy positions of a Reagan-Bush coalition,” said GOP strategist Whit Ayers.

But unless things change in a hurry, her campaign could be compared to also-rans such as Pat Buchanan in 1992 and Steve Forbes in 1996, said Ayers, who noted that “there are a lot of people who’ve run for reasons other than simply winning the nomination.” Writing in Politico, conservative columnist Henry Olsen speculated about one of those potential reasons to stay in the race. The more delegates Haley wins, the more influence she will have at the Republican National Convention “to get concessions from Trump on things she cares about, such as U.S. support for NATO.” Speculation is in season, and more than one pundit has already written the Haley obituary. For her part, the former U.S. ambassador to the United Nations sticks to her argument that if Republicans nominate her old boss, “we will lose. It is that simple.” She brought this message with her to Utah, where the Republican governor, Spencer Cox, argued that if his party nominates Haley, “or literally anyone else, we would win by 10 to 14 points.”

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“..the company ignored its own ban on the use of its technology for “military and warfare” purposes and partnered up with the Pentagon..”

• Musk Sues ChatGPT Maker Over AI Threat (RT)

US billionaire Elon Musk has taken OpenAI, the artificial intelligence research company he once helped to found, to court over an alleged breach of its original mission to develop AI technology not for profit but for the benefit of humanity. OpenAI, founded in 2015 as a non-profit research lab to develop an open-source Artificial General Intelligence (AGI), has now become a “closed-source de facto subsidiary of the largest technology company in the world,” Musk’s legal team wrote in the suit filed on Thursday in San Francisco Superior Court. The lawsuit claimed that Musk “has long recognized that AGI poses a grave threat to humanity – perhaps the greatest existential threat we face today.” “But where some like Mr. Musk see an existential threat in AGI, others see AGI as a source of profit and power,” it added.

“Under its new board, it is not just developing but is actually refining an AGI to maximize profits for Microsoft, rather than for the benefit of humanity.” Musk left the OpenAI board of directors in 2018 and has since grown critical of the firm, especially after Microsoft invested at least $13 billion to obtain a 49% stake in a for-profit branch of OpenAI. “Contrary to the founding agreement, defendants have chosen to use GPT-4 not for the benefit of humanity, but as proprietary technology to maximize profits for literally the largest company in the world,” the suit read. The lawsuit listed OpenAI’s CEO Sam Altman and president Gregory Brockman as co-defendants in the case, and called for an injunction to block Microsoft from commercializing the tech.

AI technology has improved at a rapid pace over the last two years, with OpenAI’s GPT language model going from powering a chatbot program in late 2022 to performing in the 90th percentile on SAT exams just four months later. More than 1,100 researchers, tech luminaries and futurists argued last year that the AI race poses “profound risks to society and humanity.” Even Altman himself has previously acknowledged that he is “a little bit scared” of the technology’s potential, and barred customers from using OpenAI to “develop or use weapons.” However, the company ignored its own ban on the use of its technology for “military and warfare” purposes and partnered up with the Pentagon, announcing in January that it was working on several artificial intelligence projects with the US military.

https://twitter.com/MarioNawfal/status/1763471083838033941

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Sounds interesting, but I don’t quite know what to make of it.

“MASSIVE WIN FOR TRUMP IN PA! Greg Stenstrom and Leah Hoopes won their legal case in Pennsylvania with co-Defendant @realDonaldTrump and can now say there WAS ELECTION FRAUD in 2020. This is big and may reverse not just #J6 and show the intelligence agencies at fault but actually also show Pfizer and all those who failed to sign oaths of office at fault for Pfizer damage and lack of clinical efficacy docuements. STAY TUNED. THINGS ARE DEVELOPING FAST”

• The Truth is a Complete Defense (PO)

WE WON. “NO MAS!” The Truth is a Complete Defense. Our defamation suit in which we were codefendants with President Trump is over, with the exception of a motion for sanctions that we expect will still be heard tomorrow morning in Philadelphia. Plaintiff Savage and attorney J. Conor Corcoran have withdrawn their complaints less than 24 hours before they were scheduled to appear in Court with Leah Hoopes and myself to consider Motion for Summary Judgement in our Favor for our “truth is a complete defense” and our Motion for Sanctions against Savage and Corcoran. As those of you who have been following along know, we have submitted a large volume of filings with the Court in preparation for tomorrows hearing, and a discovery hearing that was scheduled for 25MAR2024, and were beating them to a pulp.

We have also filed similar Motions to Dismiss and for Sanctions against Delaware County and attorneys from Duane Morris LLP and are beating their brains in there too. Duane Morris officially withdrew as attorneys this week for Newsmax in other litigation that we called out in our motions as conflicts and criminal collusion. To our knowledge, this is the only case against President Trump and Rudy Giuliani in the country (in which we were codefendants with them) that they have won, and credit where credit is due, Leah and I did all the heavy lifting. Expect more “wins” in the near future in our march to show that the November 2020 election was stolen and to restore election integrity and transparency in PA. We’re going after Shapiro hard and not going to quit until they all say “No Mas.” Semper Fi.

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Seal safe

 

 

Martis

 

 

Great white

 

 

Lions
https://twitter.com/i/status/1763621701726720013

 

 

 

 

Billy Crystal

 

 

Keef

 

 

 

 

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

 

 

 

 

 

Debt Rattle January 15 2024

Jan 152024
 
 January 15, 2024  Posted by at 9:17 am Finance Tagged with: , , , , , , ,  54 Responses »


Salvador Dalí The discovery of America by Christopher Columbus 1959

 

• There is Hope After All (Paul Craig Roberts)
• We Are Witnessing The Final Downfall Of The West (Emmanuel Todd)
• The End of Global Leadership (Patrick Lawrence)
• After 100 Days, Netanyahu Vows To Continue Gaza Killing (Cradle)
• Western Strikes On Houthis Mostly Failed – NYT (RT)
• Egypt’s Suez Canal Revenues Plunge (RT)
• Political Survival Now Netanyahu’s ‘Real Objective’ (Sp.)
• Ukrainian Army Mostly ‘Very Old Men’ – Commander (RT)
• Why Did West Put Ukraine Funding Onto Back Burner? (Sp.)
• Germany Unsure Where Its Ukraine Weapons Went – Der Spiegel (RT)
• No Peace Without Russia – Swiss Foreign Minister (RT)
• Fani Willis Says Accusations Of Affair With Trump Prosecutor Are Racist (NYP)
• NBC News Admits ‘Deep State’ Exists… To Save Us From Trump’s Return (ZH)
• Dems Hatch “Republicans For A Day” Scheme To Boost Haley Vs. Trump In Iowa (ZH)

 

 

 

 

Vivek
https://twitter.com/i/status/1746566676026393079

 

 

 

 

David Martin

 

 

 

 

 

 

Jane Doe 3

 

 

Assad

 

 

 

 

“The West is going down in flames. Don’t be discouraged by the collapse of evil. Be encouraged. The collapse of evil brings the opportunity for renewal.”

• There is Hope After All (Paul Craig Roberts)

From time to time I receive a message from a reader that he or she has been reading my analyses for years, is convinced that what we have known as Western civilization is in collapse, but wishes to see some hope. What can we do to resurrect our civilization, integrity, moral behavior, and respect for truth? My position has been that nothing can be done unless the people are aware of their plight. My job is to bring awareness. Nothing can be done until the people seek awareness and become aware. As long as the media and official narratives keep people in The Matrix, nothing can be done. Movies such as V for Vendetta and The Matrix have made this clear. But today I bring you good news. After a conversation with a friend today, I can tell you that it is in the collapse of the system where hope resides. As every aspect of the system is corrupt, collapse is the corrective. The ruling elites have miscalculated. By bringing about the collapse, the elites are collapsing their own power.

Collapse brings reset, not the World Economic Forum’s, but the peoples’ reset. The people have the numbers, not the elites, who are diminished by fights among themselves. As their power shrinks from their miscalculations, their power diminishes. The elites know this, which is why they are trying to kill us with “vaccines,” “pandemics,” and the destruction of our food supply in the name of “saving the planet from global warming.” The only way humans can destroy planet Earth is through nuclear war, which seems to be the goal of US/Israeli neoconservatives, such as Robert Kagan and Victoria Nuland. Why is there hope in collapse of the accumulated evil? Because it clears the agenda. What can you do to survive the collapse? Arm yourselves. Create organizations of family, friends, community, county, and elevate them into state alliances against the anti-American woke, the anti-American neoconservatives, the anti-American Democrats, and your deadly anti-American enemy in Washington. Secession of the red states is possible.

It is the blue states that are the reservoirs of anti-American hatred. These states are a far more dangerous enemy to Americans than Russians, Chinese, Iranians, Hamas, and Houthis in Yemen. Yet we hear from the whore media nothing of the real threat, only the make-believe threat to America from the designated enemies of Zionist Israel’s expansion from the Nile to the Euphrates. Except for the Houthis and Hamas, the Muslim rulers are too content accepting bribes from Washington to do anything about the US/Israeli genocide of the Palestinians. Other than the Houthis, the entire Muslim world could be in the dock, with Israel and the West, at the International Court of Justice. One consequence could be the collapse of American/Israeli power in the Middle East. Arab power collapsed long ago. But American power has failed to take its place.

After a 20-year effort, the American “superpower” was defeated and driven out of Afghanistan by a few thousand lightly armed Taliban, who again rule the country, just as happened in Vietnam where endless US bombing only ensured the Vietcong’s victory. It is the Houthis and Iranians who are likely to control the sea lanes in the territory under attack, not Washington, unless the Houthis and Iranins accept being paid off. None of this works for the anti-American, anti-nation, anti-national sovereignty, anti-white civilization ruling elite of Washington. The ruling anti-western white elites hate America, national sovereignty, and human liberty far more than they hate their self-chosen foreign enemies chosen for profit and control reasons. The US Constitution is in the way of their dictatorship more than are the Houthis.The West is going down in flames. Don’t be discouraged by the collapse of evil. Be encouraged. The collapse of evil brings the opportunity for renewal.

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X thread by Emmanuel Hemmerlé.

“The American ruling class is devoid of morality, it has no more religion, all that remains with it is an obsession with money and war and a kind of enjoyment at creating a mess all over the world.”

• We Are Witnessing The Final Downfall Of The West (Emmanuel Todd)

Emmanuel Todd is a prominent and brilliant French intellectual: a historian, a demographer, and an anthropologist. He is one of France’s last independent thinkers, a category that has become a rarity… while we used to have so many. He has just published a new book: “The Defeat of the West”. In it, he proposes a dispassionate analysis of the world’s geopolitical scene, laying out facts without taking moral stances. In Todd’s assessment, the disappearance of American Protestantism is the key factor in the fall of the West. This fall of the Protestant religion in America has given rise to this new American ideology reigning over the whole Western space: Nihilism. This is the central concept of the book. This Nihilism is both the trigger of the West’s final downfall and the driving force behind the West’s renewed violent imperialism. Here are some of his quotes from interviews he has given over the last couple days:

“My book is basically a sequel to Max Weber’s The Protestant Ethic and the Spirit of Capitalism. On the eve of the 1914 war, he rightly believed that the rise of the West was at its heart the rise of the Protestant world – England, the United States, Germany unified by Prussia, Scandinavia. France’s luck was to be geographically glued to the leading pack. Protestantism had produced a high level of education, unprecedented in human history, universal literacy, because it required that every believer should be able to read the Holy Scriptures for himself. In addition, the fear of damnation and the need to feel chosen by God induced a work ethic, a strong individual and collective morality. On the negative side, there were some of the worst forms of racism that ever existed – anti-black in the United States or anti-Jewish in Germany – since, with its conceptual dichotomy of “Chosen by God” and “Damned by God”, Protestantism renounced the Catholic principle of equality between all people.”

“Today, symmetrically, the recent collapse of Protestantism in the U.S. has set in motion an intellectual decline, a disappearance of work ethic, and its substitution by mass greed (official name: neoliberalism). After the rise of the West comes its downfall. This analysis of the religious element does not denote any nostalgia or moralizing lamentation in me: it is a historical observation.” “I emphasize the industrial deficiency of the United States with the revelation of the fictitious nature of the American GDP. I deflate this GDP and show the root causes of industrial decline: the inadequacy of engineering training and more generally the decline in educational levels. The US GDP is a bubble.” s”The fixation of the Western middle classes on transgenderism raises a sociological and historical question. To constitute in the social horizon the idea that a man can really become a woman and a woman a man is to affirm something biologically impossible, it is to deny the reality of the world, it is to affirm the false.”

“Trans ideology is, therefore, in my opinion, one of the flags of this nihilism that now defines the West, this drive to destroy, not just things and humans but reality.” “The collapse of Protestantism in the United States has caused a decline in the level of education.” “The disappearance of religion: Americans don’t go to church anymore, they don’t believe in God anymore.” “There is a powerful nihilistic impulse in the US: the search for war and violence. This is a lost society without meaning, that provokes or fans conflicts everywhere in the world.” “Something important has happened in the West : the transition from liberal democracy to liberal oligarchy.”

“France does not exist because it is now aligned with the United States.” “The Americans’ obsession is to prevent the cooperation between Germany and Russia. This is American leaders’ terror. But it’s going to fail because the West is going to lose. It’s reality that’s going to win.” “The best thing that could happen to Europe is the retreat of the US.” “The West is on an aggressive trajectory.” “The American ruling class is devoid of morality, it has no more religion, all that remains with it is an obsession with money and war and a kind of enjoyment at creating a mess all over the world.”

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“..the apartheid state, as it exposes its own grotesquerie, also exposes the West’s centuries of sins..”

• The End of Global Leadership (Patrick Lawrence)

There are many photographs of President Biden floating around these days. Maybe it is because, even allowing for his physical decline and his mental incompetence, his minders can no longer keep him so thoroughly out of sight as this, an election year, begins. The picture I am thinking of, carried by the BBC, is a video frame shot at Biden’s Valley Forge speech last week. That was his first outing as he seeks reelection next November. And there are Joe Biden and First Lady Jill—excuse me, Dr. Jill—standing before the usual prop on such occasions, an immense American flag. Joe smiles out from a mask-like face, blank with what looks like bewilderment. Dr. Jill smiles, too—a frozen smile, but one that suggests she is at least aware of what is going on. Dr. Jill waves, left arm hoisted high. The two are holding hands. What is it about this image, among so many others, that causes it to linger in my mind? I conclude it was the utter emptiness of the poses and the gestures. I have seen few photographs of prominent pols, and in this case the spouse, so abjectly devoid of sincerity and authenticity.

It has something to do with the moment, too. This is a president who has supplied and financed a proxy war in Ukraine that has failed after killing scores of thousands of soldiers and displacing millions more. This is a president who now sponsors a genocide in Gaza as the world watches in real time—a genocide, do you hear me? This president’s signature project—America will lead democratic nations in a crusade against the world’s authoritarians—is virtually nowhere taken seriously. This is a man who presides with imperial distance over a republic that has tumbled into spiritual and social collapse and extreme economic inequality, all the while displaying more or less complete indifference to this national plight. This is a president facing articles of impeachment based on plentiful evidence that he participated in the influence-peddling schemes of his son and brother.

This is a man who is smiling. At the end of the video Dr. Jill has to lead President Joe off the stage. He does not stop smiling as she does so. I suppose the intent is to encourage as many Americans as possible to assume—to assume without thinking too much—all goes swimmingly as 2024 begins, the outlook altogether hunky-dory. My read of the Valley Forge image is upside down to this. I find the president and First Lady’s fixed expressions, and their evident determination that they must not betray any of what lies behind the smiles, frightening. This is what “victory culture” looks like when it is videoed or photographed, to borrow Tom Engelhardt’s very useful phrase. When Tom published The End of Victory Culture in 1995, he thought he had written the epitaph for the peculiarly American preference for the illusion of never-ending “wins,” success everywhere one looks. He knows better now, as a revised edition of this fine book makes clear. If I find the image of Joe and Dr. Jill Biden at Valley Forge frightening, I also find it dangerous. And I may as well add, I find it abusive.

This is a time of many defeats for America and Americans. There is the list noted above. The war in Ukraine is out-and-out lost no matter how long and perversely the U.S. and its clients continue wasting lives and money to avoid this truth. The Israelis will prevail on the ground in Gaza, as argued recently in this space, but Israel and America have already lost big, very big, if we think in strategic terms rather than tactically. The Gaza crisis, in turn, has further shredded the social and political fabric at home. Federal and state legislatures, the courts, the universities, the media, rights of assembly and free speech: How far will America go until it recognizes that U.S. support for an out-of-control Zionist state is damage America inflicts on itself?

I look now to a defeat greater than all of these. Ours is a passage in history that, however difficult it is, we must recognize for its sheer magnitude. It was a long time coming, but the pathological savagery of the Israelis as they exterminate the Palestinians of Gaza announces the end of any claim America and the West altogether have to global leadership on any kind of moral basis, legal basis, or any assumption that the West possesses superior ideals, principles of government, or what have you. Israel’s genocide, we had better acknowledge, has many antecedents. In this way the apartheid state, as it exposes its own grotesquerie, also exposes the West’s centuries of sins.

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“..the war is turning out to be a bloody slog that is demonstrating the limits of Israeli military capabilities—and the sophistication of Hamas’s underground defense network.”

• After 100 Days, Netanyahu Vows To Continue Gaza Killing (Cradle)

In a speech on 13 January, Israeli Prime Minister Benjamin said not even the International Court of Justice in The Hague would stop Israel from continuing its war on Gaza, which has killed some 23,900 Palestinians, including 10,000 children, so far. “No one will stop us — not The Hague, not the Axis of Evil, and no one else. It is possible and necessary to continue until victory, and we will do it,” Netanyahu told a televised press conference marking day 100 of the war. Earlier this week, South Africa brought a case against Israel for breach of the UN Genocide Convention, of which Tel Aviv is a signatory. South Africa is hoping the court will issue a temporary injunction demanding Israel halt its bombing and ground campaign that has seen 65,000 tons of munitions dropped on Gaza, leaving large areas in its cities and refugee camps appearing as “moonscapes” and many dead under the rubble.

Netanyahu accused South Africa of supporting “baby burners,” though Israel has not provided any evidence Hamas committed such crimes. Instead, evidence continues to emerge that the Israeli forces burned many of their own civilians to death during Operation Al-Aqsa Flood by responding to the attack by Hamas’ Qassam Brigades using helicopter and tank fire. Israel issued the “Hannibal Directive” to kill Israeli civilians and soldiers rather than let them be taken captive by fighters from Hamas’ military wing, the Qassam Brigades, to exchange for Palestinians held captive in Israel. The Israeli premier claimed that the war on Gaza had already “eliminated most of the Hamas battalions.” However, The Wall Street Journal noted on 14 January that Netanyahu has not achieved the goals he declared at the beginning of the war, including destroying Hamas, ending its control of Gaza, and freeing Israeli captives taken on 7 October.

Instead, “the war is turning out to be a bloody slog that is demonstrating the limits of Israeli military capabilities—and the sophistication of Hamas’s underground defense network.” “The Israeli military is still seeking to find and destroy tunnels where Hamas’s leader in Gaza, Yahya Sinwar, and others are believed to be hiding,” the paper added. In his speech, Netanyahu told US Secretary of State Antony Blinken earlier this week, “This is not only our war, this is also your war.” As Al-Mayadeen noted, Tel Aviv is deeply dependent on Washington, which has played a vital role in the war to support the killing. Israel’s Channel 12 reported on 26 December that 244 US transport planes and 20 ships had delivered over 10,000 tons of armaments and military equipment to Israel since 7 October.

According to the Defense Security Cooperation Agency, the Biden administration cleared a potential $147.5 million foreign military sale of M107 155mm artillery shells and supporting equipment to Israel on December 30. Israel is also relying on US naval forces to target Yemen’s Ansarallah-led armed forces, who have been targeting Israeli-linked commercial ships traveling through the Red Sea. Ansarallah seeks to blockade and punish Israel for what the resistance group views as the genocide in Gaza. But Israeli leaders are hoping for additional US help to expand the war to Lebanon to confront the most important Axis of Resistance member, Hezbollah

Live genocide

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Ask the Saudis how hard it is.

• Western Strikes On Houthis Mostly Failed – NYT (RT)

The US-led strikes on alleged positions of Houthi militias in Yemen have failed to significantly weaken their military potential and prevent them from further attacks on shipping routes in the Red Sea, the New York Times reported on Saturday, citing sources. According to the first assessment of Friday’s barrage cited by the paper, the attacks successfully hit 90% of designated targets. However, two US officials suggested that while the strikes had destroyed or damaged more than 60 drone and missile sites with more than 150 munitions, the Houthis still retained about 70-80% of their military capability. The article added that some of the militia’s assets are also mobile, meaning they could be hidden if necessary.

Meanwhile, The Times noted that locating Houthi targets is proving more difficult than expected, as Western efforts picked up steam only after the start of the Hamas-Israel conflict on October 7. The Houthis, who control most of Yemen, have rallied to the support of the Palestinian armed group, attacking both Israeli targets and what they describe as Israeli-linked ships in the region in recent weeks. US officials interviewed by the NYT have suggested that Washington may launch another barrage on Houthi targets after it analyzes the damage from the recent strikes. The outlet’s sources also noted that while the militia’s response to the Western attack has so far been muted, they are bracing for a Houthi retaliation.

The US and UK launched what they called “defensive” strikes against the Houthis in the early hours of Friday morning, backed by Australia, Bahrain, Canada and the Netherlands, with President Joe Biden declaring them a success and accusing the militia of “endangering freedom of navigation”. According to Reuters, the barrage has caused mixed reactions in the EU, where several members would have preferred a calmer policy towards the security crisis in the Middle East. Meanwhile, Moscow has called the strikes “illegal,” noting that they had violated the UN Charter. Russian Foreign Ministry spokeswoman Maria Zakharova has also suggested that the latest development risks derailing the Yemen reconciliation process and triggering a “destabilization of the entire Middle East.”

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“Egypt’s Suez Canal saw a 40% year-on-year decline in the first eleven days of 2024..”

• Egypt’s Suez Canal Revenues Plunge (RT)

Revenues generated by Egypt’s Suez Canal saw a 40% year-on-year decline in the first eleven days of 2024, canal authority head Osama Rabie said earlier this week. Ship traffic through the maritime artery connecting the Mediterranean and the Red Sea dropped 30% between January 1 and January 11 compared to the same period a year prior, the official noted, speaking on a talk show Thursday night. According to Rabie, the number of ships that have moved through the Suez Canal fell to 544 in the first eleven days of the current year compared to 777 in the equivalent period of 2023. He pointed out that the period of cargo transportation has increased by at least two weeks while costs for the delivery of goods and insurance were also growing.

“The Cape of Good Hope is not a valid and safe route for ships to cross at this time, especially in light of bad weather and the long duration of the crossing,” the official said, adding that navigating around the African continent adds up to 15 days compared to passing through the Suez Canal. The canal is a major source of foreign currency for Egypt. In recent years, the country’s government has been trying hard to increase revenues generated by allowing commercial vessels through it. The route was expanded in 2015, with further enlargement underway. In June, Egypt’s Suez Canal posted an all-time high annual revenue of $9.4 billion in the fiscal year 2022-2023, up from $7 billion recorded a year earlier.

Back then, 25,887 ships carrying 1.5 billion tons of cargo passed through the route, marking the highest amount on record. However, at the end of last year, cargo traffic through one of the world’s vital trade arteries dropped 28% due to the attacks carried out by Yemen-based Houthis against commercial ships in the Red Sea. The assaults became more frequent after the rebels instituted a de facto blockade through the Red Sea and the Suez Canal. They have been attacking vessels thought to be linked to Israel in what they say is a show of solidarity with the Palestinians following the escalation of hostilities in Gaza.

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“..the real objective of Netanyahu and his government is political survival. The victory, per se, is very far.”

• Political Survival Now Netanyahu’s ‘Real Objective’ (Sp.)

Israel’s invasion of the Gaza Strip in response to Hamas’ attacks on October 7 has essentially devolved into a bloody quagmire. It remains unclear how exactly it might end. While Israeli forces continue to battle Palestinian militants amid the ruins of the Gaza Strip, Tel Aviv’s stated goal of destroying Hamas appears to be far from accomplished, even as Israeli Prime Minister Benjamin Netanyahu boasts that not even International Court of Justice will prevent Israel’s triumph. Commenting on the current situation, Beirut-based scholar and analyst specializing in the Middle East Dr. Lorenzo Trombetta pointed out to Sputnik that now, 100 days after the launch of Israel’s invasion, “it is clear to many Israelis, and perhaps also to Netanyahu and his ministers, that this achievement” – the destruction of Hamas – “is far from being obtained.”

According to Dr. Trombetta, Israeli “military operations on the ground and their airstrikes will continue in the Gaza Strip and in various areas of the region.” “And the victory won’t be something that won’t concern the present in the endgame, the narrative, aim of Netanyahu this victory be something concerning the future,” he remarked. “But between the victory and today, for Netanyahu, that is the political survival. I think the real objective of Netanyahu and his government is political survival. The victory, per se, is very far.” As for what victory might look like for the denizens of the Palestinian strip, Trombetta suggested that a “Hamas victory could be its survival after the October 7 offensive and after so many months, and perhaps because the war would continue, if Hamas will continue to survive and we could have a physical presence in the Gaza Strip, this could be a victory, of course, and this will be claimed as a victory.”

“But for the Palestinian society, it could be seen in another way,” he added. He branded as unrealistic the scenario in which the Israeli military assumes “full control of the Gaza Strip” or where Egypt and other Arab states manage to “exert that control” over the area. “So as far as things are going in this direction, I think that at the end of the day, there would be a sort of truce between Hamas and Israel and Hamas would continue to have a physical presence in Gaza Strip with huge humanitarian aid for basic reconstruction, at least for basic services in some parts of the Strip, where Israel could maintain some partial control of key areas,” Trombetta speculated. “A sort of mixed control between Hamas and Israel, mainly Israel on the internal borders of the Gaza Strip while Hamas can retain some key hotspot here and there.”

He also said it is unlikely that the Gaza Strip would receive some “new legal status” in the near “foreseeable future,” and that he thinks “from now to one year and half of two years, we will see a de facto hybrid scenario in Gaza Strip, something that is resembled to after post-conflict settlement, but not really something that will last the many years.” Regarding the recent escalation in the Red Sea, Trombetta noted that the US-UK strikes on Houthi position in Yemen “didn’t calm down the situation,” achieving the opposite result instead. “It will get worse and worse, because the Houthis will continue to fire, the Anglo-US leading Western coalition will continue to retaliate or to strike Houthi positions and there will not be any truce among parties because the Houthi are very well determined to be present in this conflict, to say, hey, we are here, we want to say our word, we, we want to show our support to Gaza and our other friends, to the axis of resistance,” he predicted.

Nap Sachs

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“..the average age of a soldier is way over 40 years old..”

• Ukrainian Army Mostly ‘Very Old Men’ – Commander (RT)

The Ukrainian Armed Forces are in dire need of younger recruits because the average age of a soldier is way over 40 years old, said Alexey Tarasenko, commander of the 5th Assault Brigade. Speaking to Espresso TV on Sunday, Tarasenko said that it is “outlandish and perplexing” to hear that some people doubt the need for additional mobilization. “The military is eagerly waiting for fresh reinforcements because the situation in many units is critical in terms of personnel,” the commander lamented. “Even those who do come often leave much to be desired. Mostly, these are men of a much older age with a multitude of problems that typically arise [at that age].”

The military desperately needs “young men” because those who joined the army at the very beginning of the conflict are mostly “gone,” he said, adding the average age of soldiers is above 40. Tarasenko’s remarks came after Ukraine’s parliament – the Verkhovna Rada – asked the government for additional revisions of the much-debated bill that would expand the pool of men available for conscription. The proposed legislation would lower the maximum draft age from 27 to 25, limit deferrals, and increase penalties for draft dodgers. The critics have argued that the bill contains provisions that violate the constitution and pave a way for corruption. Last month, President Vladimir Zelensky revealed that the army had requested to mobilize between 450,000 and 500,000 people. Valery Zaluzhny, Ukraine’s top general, however, denied that the military asked for a specific number of new fighters.

Nevertheless, the situation prompted the authorities to consider different options for replenishing battlefield losses, including the introduction of electronic call-up papers, and to explore the conscription of women. The governor of Nikolaev region, Valery Kim, warned at the time that conscripting half a million people “is not enough” and Ukraine needs to enlist at least two million. Ukraine does not reveal its casualty numbers. According to Russia’s estimates, some 400,000 Ukrainian troops have been killed or wounded during the conflict, including 125,000 over the course of Kiev’s failed counteroffensive between early June and late November.

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“.. the escalation in Yemen after US and UK strikes on the Houthis is “more important for the West now, because commercial shipping is at risk.”

• Why Did West Put Ukraine Funding Onto Back Burner? (Sp.)

White House national security spokesperson John Kirby told reporters on Thursday that US assistance for Ukraine “has now ground to a halt.” “While the US would like to sustain the war in Ukraine, because none of its objectives have been met, Washington can see the Ukraine conflict is unwinnable and Russia has the upper hand strategically,” Anuradha Chenoy, a retired professor and dean of the School of International Studies at the New Delhi-based Jawaharlal Nehru University, told Sputnik. She added that Ukraine is “now on the back burner of the Western mindset,” and that the escalation in Yemen after US and UK strikes on the Houthis is “more important for the West now, because commercial shipping is at risk.” This is a “creeping escalation of a regional war,” which Chenoy stressed no one doesn’t want to see because “it can really damage the global economy” and negatively impact oil and other commodities.

“If this war escalates it will be dangerous economically and militarily with global impacts,” she warned. As for Global South nations, Chenoy went on, they are especially up in arms against “any other war” because they all face “developmental challenges and internal issues that they have to concentrate on; many countries are indebted, many have their own conflicts.” “So the Global South does not want to see any conflagration in the Middle East, because if oil prices go up, they are the first to be impacted negatively. They would express neutrality in such a conflict and call for immediate peace. They also appeal to the Houthis, to not endanger commercial shipping, keep sea lanes safe and secure and negotiate a resolution of the Palestine issue,” Chenoy concluded.

Biden Ukr

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“..regarding the massive commitment to finance the Ukrainian military, there have been “no controls” whatsoever, Der Spiegel reported, quoting the ministry..”

• Germany Unsure Where Its Ukraine Weapons Went – Der Spiegel (RT)

The German government checked only twice where the weapons it had sent abroad in 2023 went, Der Spiegel reported on Friday, citing officials. Meanwhile, Berlin’s massive military assistance to Kiev was also left unsupervised, with German policymakers relying on assurances from Ukrainian officials. The Ministry of Economics provided the information in response to a request from Bundestag member Sevim Dagdelen, who is now a member of the recently formed BSW party founded by MP Sahra Wagenknecht. The latter, often described as the ‘Icon of German Left,’ has been a vocal critic of arms deliveries to Kiev. Citing the reply, Der Spiegel noted that Berlin had checked the whereabouts of small arms sent to Taiwan in January 2023, and in June, it carried out a similar inspection in Cape Verde.

German officials insisted that both on-site inspections meant to make sure that the weapons did not leave the end destination went smoothly. However, regarding the massive commitment to finance the Ukrainian military, there have been “no controls” whatsoever, Der Spiegel reported, quoting the ministry. German officials reportedly stated that Kiev had assured them that all German weapons would remain in the country, adding that “any verification measures must under no circumstances impair Ukraine’s effective defense against ongoing Russian aggression.” Ukraine received €17 billion ($18.7 billion) in military aid from Germany between January 2022 and October 2023, according to the Kiel Institute for the World Economy. Meanwhile, the German government approved nearly €12 billion ($13 billion) in arms exports in 2023, setting a new record.

Commenting on the officials’ reply, Dagdelen called the inspections a “laughing stock.” She suggested that the German government was much more eager to check weapons going to Cape Verde than to Saudi Arabia – which she called a “dictatorship” – or the United Arab Emirates. “Given the corruption in Ukraine, checks must be there too,” the MP added. Russia, which has repeatedly condemned Western arms deliveries to Ukraine, has also warned that these weapons could end up in the black market, reaching criminals and terrorists around the world. Meanwhile, in late December, Ukrainian Interior Minister Igor Klimenko admitted that Kiev does not know precisely how many weapons are in the hands of its citizens. He noted that the estimates vary from one to two million and are based mainly on data provided by Ukraine’s international partners and statistics collected in other conflict-ridden countries.

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“The Swiss diplomat insisted on the urgency of ending the war promptly, as lives are lost daily. “We have no right to wait..”

• No Peace Without Russia – Swiss Foreign Minister (RT)

Any peace negotiations to resolve the ongoing conflict between Moscow and Kiev should involve Russia, asserted Swiss Foreign Minister Ignazio Cassis during a press briefing in Davos, where he co-hosted a gathering focused on discussing a “peace formula” proposed by Kiev. The Ukrainian government has consistently sought to engage entities other than Russia in these discussions. Security officials from 83 countries gathered in the Swiss mountain resort before the World Economic Forum, which is scheduled to open on Monday evening. This Sunday gathering marked the fourth of its kind organized by Kiev, which actively promotes its vision for conflict resolution, supported mainly by its Western backers. “One way or another, Russia will have to be included,” Cassis conveyed to journalists on the sidelines of the meeting. “There will be no peace without Russia’s word,” he emphasized. The Swiss diplomat insisted on the urgency of ending the war promptly, as lives are lost daily. “We have no right to wait,” he stated.

Unveiled in November 2022, the Ukrainian proposal, also known as ‘Zelensky’s peace formula,’ demands that Kiev be granted control over its pre-2014 borders. Additionally, it calls for prosecuting Russian leadership and reparations from Moscow. The plan requires Moscow’s forces to withdraw from territories claimed by Ukraine before initiating peace negotiations. The ten-point plan also addresses less contentious areas, such as global food and energy security. Moscow has previously characterized the proposal as detached from reality. It has consistently expressed readiness for peace talks, emphasizing the need to consider the situation on the ground. In the autumn of 2022, four former Ukrainian territories, including two Donbass republics, officially joined Russia following referendums. The Crimean Peninsula, claimed by Ukraine, has been part of Russia since 2014, when its people voted to join Russia in a referendum.

Cassis also underscored the crucial role of BRICS nations, particularly China, in the future peace process. “The participation of the BRICS alliance is crucial because these countries have a relationship with Russia,” he noted, adding that “China plays a significant role.” Cassis called on meeting participants to explore collaboration with China on this matter. Representatives from Beijing did not attend the Davos gathering. China presented its 12-point peace roadmap early last year, addressing measures like a ceasefire, peace talks, abandoning the “Cold War mentality,” and ending sanctions while promoting global stability and international supply chains. The roadmap, welcomed by Moscow, was poorly received by Kiev and swiftly dismissed by Western backers.

Last February, US officials rejected the Chinese proposals, contending they would primarily benefit Russia. NATO Secretary-General Jens Stoltenberg argued that China lacks “credibility” on the issue due to its refusal to condemn Russia for attacking Ukraine. In December, Moscow labeled the entire “peace process” organized by Kiev as a mere PR stunt. Russian Foreign Minister Sergey Lavrov denounced Zelensky’s peace formula as “a figment of a sick imagination,” asserting that demands for Ukraine to reclaim its pre-2014 borders, including the Donbass, amounted to a call “for genocide.”

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“..She called Wade “a great friend and a great lawyer,” along with a “superstar,” but failed to mention him by name once during her more than 30 minute speech..”

• Fani Willis Says Accusations Of Affair With Trump Prosecutor Are Racist (NYP)

A Georgia district attorney accused of hiring her lover to prosecute former President Trump broke her silence on the controversy, saying she and the prosecutor were targeted because they are black. “They only attacked one,” Fulton County District Attorney Fani Willis Sunday at Big Bethel AME Church in Atlanta. “First thing they say, ‘Oh, she’s gonna play the race card now.’ “But no God, isn’t it them that’s playing the race card when they only question one?” The comments were Willis’ first time addressing the allegations publicly — but she neither confirmed nor denied the claims lobbed at her and special prosecutor Nathan Wade, who helped secure an indictment against the former Republican president in an election interference case. She called Wade “a great friend and a great lawyer,” along with a “superstar,” but failed to mention him by name once during her more than 30 minute speech, according to the Atlanta Journal-Constitution.

The pair were accused by Trump co-defendant Michael Roman of having a “clandestine” and “improper” affair when appointments were made for the 2020 election interference case. Roman, a former official on the Trump 2020 campaign, argued in a court filing last week that the integrity of the case had been compromised by their alleged affair and asked that all charges against him be dropped. “The district attorney chose to appoint her romantic partner, who at all times relevant to this prosecution has been a married man,” the filing read. Roman contended in the filing that Wade used some of the $654,000 in legal fees he’d earned on the case to take Willis on vacations to “Napa Valley, California, Florida and the Caribbean.” Willis pointed out during her speech that the other two prosecutors assigned to the case, Anna Green Cross and John Floyd, both are white, and noted that allegations have only emerged targeting the two prominent black members of the prosecution — her and Wade.

“Isn’t it them playing the race card when they constantly think I need someone from some other jurisdiction in some other state to tell me how to do a job I’ve been doing almost 30 years?” she asked. Roman was unmoved by Willis accusations of the charges being racially charged. “The biggest difference between Ms. Cross, Mr. Floyd and Mr. Wade is that Ms. Willis is not in a relationship with Ms. Cross and Mr. Floyd,” he said in a statement to the Constitution-Journal Sunday. Willis is planning to file an official response to the allegations, her spokesperson said. Once that filing is in, Fulton Superior Court Judge Scott McAfee said he would schedule a hearing to address the matter.

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“There are an array of horrors that could result from Donald Trump’s unrestricted use of the Insurrection Act.”

• NBC News Admits ‘Deep State’ Exists… To Save Us From Trump’s Return (ZH)

The last time Donald Trump got within striking distance of the Oval Office in 2016, the Clinton campaign, the Obama administration, and various foreign accomplices invented a hoax accusing the real estate tycoon of being a secret Russian agent, who would use the power of the United States to do Vladimir Putin’s bidding (Which begs the question; why wouldn’t Putin have just invaded Ukraine when his ‘puppet’ Trump wouldn’t have waged a proxy war?). And when Donald Trump asked Ukraine about obvious corruption by the Biden family, one of the key ‘deep state’ players in his impeachment behind the scenes was none other than Mary McCord – who went from taking down Michael Flynn after the FBI set him up, to helping Rep. Adam Schiff (D-CA) to peddle a “whistleblower” complaint about Trump’s Ukraine call. McCord is back with a new hoax to peddle, telling NBC News that the Deep State is preparing for Trump’s return – and is taking action to limit his ability to ‘become a dictator’ and use the military to those ends.

“We’re already starting to put together a team to think through the most damaging types of things that he [Trump] might do so that we’re ready to bring lawsuits if we have to,” McCord – executive director of the Institution for Constitutional Advocacy and Protection at Georgetown Law – told the outlet. The quotes from this fine piece of yellow journalism from NBC are simply hilarious… “Donald Trump is sparking fears among those who understand the inner workings of the Pentagon that he would convert the nonpartisan U.S. military into the muscular arm of his political agenda as he makes comments about dictatorship and devalues the checks and balances that underpin the nation’s two-century-old democracy.” “A circle of appointees independent of Trump’s political operation steered him away from ideas that would have pushed the limits of presidential power in his last term.” “In a new term, many former officials worry that Trump would instead surround himself with loyalists unwilling to say no.”

“He’s a clear and present danger to our democracy.” “His support is solid. And I don’t think people understand what living in a dictatorship would mean.” “There are an array of horrors that could result from Donald Trump’s unrestricted use of the Insurrection Act.” “The military is hundreds of thousands of people strong, and ultimately Trump will find people to follow his legal orders no matter what … The Insurrection Act is a legal order, and if he orders it there will be military officers, especially younger men and women, who will follow that legal order.” This one might be the best: “We’re about 30 seconds away from the Armageddon clock when it comes to democracy,” said William Cohen, a former Republican senator from Maine and defense secretary in the Clinton administration. “I think that’s how close we’re coming to it when you have a presidential candidate who can be indicted on 91 counts, who can be [found liable for] sexual aggression, who we have seen lies pathologically, who has flouted every rule in the book.”

Wow! Narrative: Trump is going to appoint loyal peons to subvert democracy and declare himself a dictator. But wait, the deep state cavalry is here! “Now, bracing for Trump’s potential return, a loose-knit network of public interest groups and lawmakers is quietly devising plans to try to foil any efforts to expand presidential power, which could include pressuring the military to cater to his political needs.”

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Too clever by half.

• Dems Hatch “Republicans For A Day” Scheme To Boost Haley Vs. Trump In Iowa (ZH)

Iowa Democrats and independents have a plan to make a dent in former President Donald Trump’s massive lead over the rest of the GOP field – help Nikki Haley by becoming “Republicans for a day” during the Iowa caucuses. According to Axios, “crossover” voting is a low-key tradition in the Iowa event, as the state allows day-of party registration for voters, while Democrats aren’t holding in-person presidential caucuses this year – providing the perfect opportunity for uniparty Democrats to support yet another perpetual war candidate. As Don McLeese of west Des Moines told Axios, the crossover voting scheme gives anti-Trumpers “a chance to diminish Trump’s inevitability,” adding “I’ll hold my nose and caucus for Haley.”

Iowa Republican precinct captain for Haley, Lyle Hansen, acknowledged that “there could be a good crossover” vote for Haley, because Democrats “get to come over and pick the candidate for Biden to oppose.” Des Moines Democrat Jonathan Neiderbach told the outlet “I believe all Americans should cast a vote against Donald Trump every chance we have.” Reality bites… As Axios notes, the crossover votes are “are highly unlikely to help Haley catch Trump, who’s consistently had a big lead in Iowa polls.” But GOP strategist David Kochel said that if crossovers see Haley as the best Republican alternative to Trump, they could help her finish a solid second in Iowa, ahead of Florida Gov. Ron DeSantis. “If you even had 5,000 or 7,500 people across the state cross over for her, that might be the difference between her and Ron DeSantis,” Kochel said.

The intrigue: There’s some risk for Iowa’s Democratic Party if many of its members cross over to vote with Republicans. People who switch parties to participate in a caucus sometimes don’t switch back, Tim Hagle, a political scientist at the University of Iowa, tells Axios. Responding to the ‘threat,’ Trump senior adviser Chrris LaCivita brushed aside any concerns. “If that is something they are relying on to get through the night, then poor people, I feel bad for them,” he told Axios.

Read more …

 

 

 

 

Japan
https://twitter.com/i/status/1746458766315565447

 

 

Eagle owl

 

 

Lions

 

 

We need this

 

 

 

 

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Debt Rattle November 11 2019

Nov 112019
 
 November 11, 2019  Posted by at 9:52 am Finance Tagged with: , , , , , , , , ,  19 Responses »


Dorothea Lange Negro woman carrying shoes home from church Mississippi Delta July 1936

 

• Bolivian President Morales Calls New ‘General Elections’ (RT)
• Bolivian President Morales Announces His Resignation (RT)
• Mexico Says It Would Offer Asylum To Bolivia’s Morales If He Sought It (R.)
• Niki Haley: Tillerson, Kelly Tried To Get Me To Undermine Trump (Hill)
• Is Pelosi Saving Trump By Shaping Impeachment To Fail In The Senate? (Turley)
• Alan Dershowitz: Congress Is Trying To ‘Create Crimes Out Of Nothing’ (Hill)
• Asian Shares A Sea Of Red As Hong Kong Chaos Hits Sentiment (R.)
• UK One Of Worst-Performing Economies In World Since 2017 (Ind.)

 

 

The US/CIA has conducted yet another coup in Latin America. Brazil (Lula), Ecuador (Correa) and now Bolivia. More will follow. Good luck trying to find even one US news outlet that’s critical of this one.

I left in this article, issued before he “resigned” with a gun to his head, because it includes the role of the OAS.

Note: In Bolivia, there are two counts: the “quick” count and the “official” count. Because much of the country is rural and/or mountainous, it can take a long time to count the votes. Hence the quick count: so the press have something to report, and there’s some initial idea of the result. A candidate needs either 50% of the vote or a minimum 10% lead from no. 2 to win in round 1. Morales has a lot of support in rural areas. But these are underrepresented in the “quick count”. So it looked like he didn’t have the 10%+ lead from no. 2. When the official count began to show that he did, opponents cried Fraud! The ultimate result was in line with pre-vote polls, but the damage had been done. The OAS has seen its opening and gone for it.

“..the OAS, which is based in Washington, has grown into a bloc focused on adhering to US policies rather than representing South American nations.”

• Bolivian President Morales Calls New ‘General Elections’ (RT)

Bolivian leader Evo Morales promised to hold a new election in order to uphold peace and security across the country after the Organization of American States (OAS) mission failed to confirm his win last month. “I made a decision… to call for a new general election that would allow people to democratically choose the authorities,” Morales announced on Sunday. The plebiscite is set to include a new round of voting for the president, the vice president, and the members of both chambers of Parliament. In his address, Morales also promised to completely replace the members of the nation’s election commission.

Earlier on Sunday, OAS issued a preliminary report, saying it is “statistically unlikely” that Morales secured a 10-percent lead, required to avoid a runoff vote. The auditors claimed to have found security flaws in voting software and traces of “clear manipulation” of the vote-tallying system. Therefore, having been unable to validate the results, the mission recommended holding a new round of elections in the country. Morales requested the audit after doubt was cast on him winning a fourth consecutive term as leader of Bolivia on October 20.

[..] Morales criticized the role of the OAS in South American politics in the past, calling it “the spokesman agency for US interests” and “an overseer of the empire.” He also accused its chief, Luis Almagro, of inciting violence in Venezuela and encouraging a foreign intervention in that country. Argentina’s president-elect, Alberto Fernandez, voiced similar thoughts on former leader of Ecuador Rafael Correa’s show ‘Conversation with Correa’ on RT Spanish. He argued that the OAS, which is based in Washington, has grown into a bloc focused on adhering to US policies rather than representing South American nations.

Read more …

“I resign so that Mesa and Camacho do not continue to persecute, kidnap and mistreat my ministers, union leaders and their families and so that they do not continue to harm merchants, guilds, independent professionals and transporters who have the right to work.”

• Bolivian President Morales Announces His Resignation (RT)

Bolivian President Evo Morales resigned shortly after the military urged him to do so. Two officials next in line to take over the government also stepped down following weeks of protests. “I resign from my position as president so that (Carlos) Mesa and (Luis Fernando) Camacho do not continue to persecute socialist leaders,” Morales said during a televised address, mentioning the leaders of the opposition. Morales said he decided to step down in hopes that his departure would stop the spate of violent attacks against officials and indigenous people, “so that they [protesters] do not continue burning the houses [of public officials]” and “kidnapping and mistreating” families of indigenous leaders.

“It is my obligation, as the first indigenous president and president of all Bolivians, to seek this pacification,” he said, adding that he hopes the opposition will “understand the message.” Shortly after the announcement, his vice president, Alvaro Marcelo García Linera, also submitted his resignation. The next person in line to take over the government, the president of the Senate, Adriana Salvatierra, resigned soon afterwards. [..] The opposition urged Morales to resign despite his promise to hold a new election. While he briefly resisted the calls, branding them “unconstitutional” and an “attempted coup,” he eventually gave in after the military joined in the chorus.

Shortly before Morales announced his resignation, Bolivian TV channels aired footage of what they say was a presidential plane departing from El Alto International Airport. It was reported that the plane took Morales to his political stronghold of Chimoré in the Department of Cochabamba, 300 kilometers (186 miles) east of La Paz, where he launched his re-election bid in May.

Read more …

Will Morales take the offer and leave his people alone?

• Mexico Says It Would Offer Asylum To Bolivia’s Morales If He Sought It (R.)

Mexican Foreign Minister Marcelo Ebrard said on Sunday that the country would offer asylum to outgoing Bolivian President Evo Morales if he sought it, in a sign of Mexico’s new prominence among left-leaning governments in Latin America. Led by Mexican President Andres Manuel Lopez Obrador, the government delivered a strong defense of Morales, who said on Sunday that he would resign after the country was rocked by protests over a disputed election and the military called on him to step down. “We recognize the responsible attitude of the president of Bolivia, Evo Morales, who preferred to resign rather than to expose his people to violence,” Lopez Obrador wrote on Twitter, adding that the Mexican government would explain its views in more detail on Monday.


Mexico was among the first countries to congratulate Morales after his victory in late October, despite questions surrounding the results. Latin American countries have oscillated over the past few decades between left-wing and conservative governments, often with radically different economic and social policies. Since last year, anger at corruption, inequality and poverty have pushed conservatives out of office in Mexico and Argentina, while fueling protests in recent weeks that forced Ecuador and Chile to water down economic policies. Mexico has a long history of giving refuge to left-wing exiles fleeing military rule and repression in the region, a history that Ebrard nodded to on Sunday.

Read more …

Not surprising in any form. Except perhaps that they thought she would comply. Not a fan of Haley, but her position has always seemed clear.

• Niki Haley: Tillerson, Kelly Tried To Get Me To Undermine Trump (Hill)

Former U.S. Ambassador to the United Nations Nikki Haley claims two of President Trump’s former senior advisers tried to get her to undermine him to “save the country,” The Washington Post reported Sunday, citing Haley’s upcoming memoir and an interview with her. According to the newspaper, Haley said former Secretary of State Rex Tillerson and former White House chief of staff John Kelly would try to get her to work around the president. “Kelly and Tillerson confided in me that when they resisted the president, they weren’t being insubordinate, they were trying to save the country,” Haley wrote, according to the Post.

“It was their decisions, not the president’s, that were in the best interests of America, they said. The president didn’t know what he was doing,” she continued. In one portion of the book, Haley reportedly recalls a disagreement with Tillerson and Kelly during an Oval Office meeting over her suggestion that the United States should withhold funding for a U.N. agency that supports Palestinians. She said she had the backing of Trump’s Mideast envoys, according to the Post. Kelly and Tillerson, however, argued that cutting aid could lead to violence and greater threats to Israel, as well as reduced U.S. influence, Haley reportedly wrote.

Kelly, she added, later responded to Haley in his office: “I have four secretaries of state: you, H.R., Jared, and Rex. I only need one,” she wrote, referring to Jared Kushner and then-national security adviser H.R. McMaster. “I was so shocked I didn’t say anything going home because I just couldn’t get my arms around the fact that here you have two key people in an administration undermining the president,” Haley told the Post. She also wrote that Kelly stalled when Haley requested a meeting with Trump and said the former chief of staff complained when she went around him to do so, according to the Post.

Read more …

Jonathan Turley has an interesting take, that Pelosi “wants Trump mortally wounded but still alive in 2020..”

• Is Pelosi Saving Trump By Shaping Impeachment To Fail In The Senate? (Turley)

Trump, [..] may have a curious ally in House Speaker Nancy Pelosi. When she held a press conference to announce the impeachment inquiry, some of us expressed doubt that she had dropped her opposition to it. Since then, every move she has made strongly supports suspicions that Pelosi is less of a convert than a collaborator in the House impeachment effort. While Trump aides such as Rudy Giuliani have now caused untold damage to the White House position, Pelosi repeatedly has intervened to steer impeachment efforts into either a wall or, more recently, over a cliff. For three years, Pelosi has been widely credited with slowing down the impeachment efforts despite many of her fellow Democrats campaigning on an impeachment pledge in 2018.

Pelosi has struggled to maintain the appearance of wanting to impeach the president while preventing any meaningful steps toward actual impeachment. She wants Trump mortally wounded but still alive in 2020. Moreover, she understood the Russia investigation was not producing clear criminal or impeachable conduct. Indeed, earlier this year, I wrote a column exploring whether the real scandal was not likely Russian but Ukrainian in its origins. I noted that various Trump figures, along with Democrats including Hunter Biden, were involved in suspect dealings in Ukraine. The investigation by former special counsel Robert Mueller found no conspiracy or collusion with the Russians. The Justice Department correctly rejected obstruction. Pelosi moved to put impeachment to bed, saying she would not accept one that was not based on articles with “overwhelming and bipartisan” support.

Everything was going according to plan, until Trump called the Ukrainian president. The danger of pretending that you want to impeach Trump is that you may accidentally stumble over a potentially impeachable offense. Moreover, with a whistleblower complaint, Pelosi lost all her control. The Democratic base was simply not going to accept another bait and switch. So Pelosi was forced to hold her bizarre press conference to announce that an impeachment inquiry would begin in the House, despite other Democrats declaring for weeks that they already were conducting such an inquiry. Despite her recent pledge, she pushed through an impeachment vote with no support from Republicans, and the country divided right down the middle on the issue.

Read more …

As I said the other day with regards to John Solomon, the Hill appears to have made a move away from Trump. They do still let Turley and Dershowitz talk.

• Alan Dershowitz: Congress Is Trying To ‘Create Crimes Out Of Nothing’ (Hill)

Attorney Alan Dershowitz warned that Americans should be “frightened” of the House’s impeachment investigation, accusing Democrats of trying to “create crimes out of nothing.” “Whether you’re from New York or the middle of the country, you should be frightened by efforts to try to create crimes out of nothing,” Dershowitz said Sunday on John Catsimatidis’ radio show. “Well, I spent the afternoon yesterday searching the federal criminal statutes from beginning to end. I couldn’t find the crime.” The House’s impeachment inquiry was launched in September amid Democratic concerns that Trump leveraged $400 million in military aid to pressure Zelensky to publicly open an investigation on unfounded corruption allegations against former Vice President Joe Biden, a top political rival.


The White House has repeatedly blasted the House investigation as a “witch hunt” and decrying Democrats’ efforts as “unhinged” last week after they voted to formalize the inquiry. “First they made up collusion… I searched the statute books. There’s no crime of collusion… with a foreign country. After that, they said obstruction of Congress,” Dershowitz said. “In a desperate effort to try to find crimes [committed by] President Trump, they’re just making it up. And that means we are all in danger.”

Read more …

Hong Kong police have started shooting protesters with live ammo, so let’s talk stocks. So people know we have our priorities straight.

• Asian Shares A Sea Of Red As Hong Kong Chaos Hits Sentiment (R.)

Asian shares a sea of red as Hong Kong chaos hits sentiment. Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong’s Hang Seng index .HSI led the losses in Asia, down 2.4%, after police fired live rounds at protestors on the eastern side of Hong Kong island. Cable TV and other Hong Kong media reported at least one protester being wounded. Video footage showed a protester lying in a pool of blood.


[..] “The China-U.S. trade war and the Hong Kong protest are combining to cast a negative pall on Asian markets today,” said James McGlew, analyst at stockbroking firm Argonaut. “Hong Kong protests have been dragging on for a while and the view from the financial world is that it’s really starting to bite now. The further this drags on it’s certainly going to be very negative.”

Read more …

“When Britain needed to invest, they chose corporate tax cuts. And when Britain needed to rebuild, they chose more austerity.”

• UK One Of Worst-Performing Economies In World Since 2017 (Ind.)

The UK is one of the worst-performing developed economies in the world since the last general election in 2017, new analysis has shown. Annual growth has come in at just 1.3 per cent – less than half the average of 2.7 per cent among members of the Organisation for Economic Cooperation and Development (OECD), a club of wealthy nations. That put the UK 31st out of 35 OECD nations in the period since Theresa May unexpectedly lost the Conservatives’ parliamentary majority. Almost every OECD nation has outperformed the UK on exports and levels of investment, which have slowed markedly as a result of uncertainty surrounding Brexit.


The Trades Union Congress (TUC), which compiled the figures, said a decade of austerity, Brexit mismanagement and a fragile global economy had caused a slump in business confidence. Frances O’Grady, the TUC general secretary, said: “The UK economy has fallen into the relegation zone – and you have to blame the manager. The current government is leaving the economy in a dismal state. “When Britain needed to invest, they chose corporate tax cuts. And when Britain needed to rebuild, they chose more austerity.”

Read more …

 

The UK has an Editors Code of Practice.

 

 

 

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Debt Rattle November 10 2018

Nov 102018
 
 November 10, 2018  Posted by at 10:15 am Finance Tagged with: , , , , , , , , , ,  4 Responses »


Peter Stackpole SophiaLoren in a Manhattan Coffee, NYC 1958

 

• Burying the Other Russia Story (WSJ Op-Ed)
• No Blue Wave In 2018, But A Tsunami Of Hate (ZH)
• Post Mortem (Kunstler)
• ‘Democrats Won The House But Trump Won The Election’ – And 2020 Is Next (G.)
• Federal Court Asks How Sessions Ouster Impacts Lawsuit Challenging Mueller (R.)
• Tech’s Big Five Lost A Combined $75 Billion In Market Value On Friday (CNBC)
• Yelp Craters As Much As 32% As Advertisers Abandon The Site (CNBC)
• Jeremy Corbyn Says Brexit ‘Can’t Be Stopped’ (Ind.)
• New Blow To Theresa May As EU Leaders Demand Scrutiny Of Brexit Deal (G.)
• US Crude Oil Posts Longest Losing Streak In Over 34 Years (CNBC)
• There Will Be An Oil Shortage In The 2020s, Goldman Sachs Says (CNBC)
• EU Version Of Budget Would Be Economic ‘Suicide’ For Italy – Tria (CNBC)
• US Won’t Refuel Saudi Coalition Planes Bombing Yemen Anymore (RT)
• UK Supermarket Anti-Palm Oil Ad Banned For Being Too Political (R.)

 

 

As the post-midterms wars of words escalate, the Wall Street Journal’s editors try to provide some balance.

• Burying the Other Russia Story (WSJ Op-Ed)

Arguably the most important power at stake in Tuesday’s election was Congressional oversight, and the most important change may be Adam Schiff at the House Intelligence Committee. The Democrat says his top priority is re-opening the Trump-Russia collusion probe, but more important may be his intention to stop investigating how the FBI and Justice Department abused their power in 2016. So let’s walk through what we’ve learned to date. Credit for knowing anything at all goes to Intel Chairman Devin Nunes and more recently a joint investigation by Reps. Bob Goodlatte (Judiciary) and Trey Gowdy (Oversight).

Over 18 months of reviewing tens of thousands of documents and interviewing every relevant witness, no Senate or House Committee has unearthed evidence that the Trump campaign colluded with Russia to win the presidential election. If Special Counsel Robert Mueller has found more, he hasn’t made it public. But House investigators have uncovered details of a Democratic scheme to prod the FBI to investigate the Trump campaign. We now know that the Hillary Clinton campaign and the Democratic National Committee hired Fusion GPS, which hired an intelligence-gun-for-hire, Christopher Steele, to write a “dossier” on Donald Trump’s supposed links to Russia.

Mr. Steele fed that document to the FBI, even as he secretly alerted the media to the FBI probe that Team Clinton had helped to initiate. Fusion, the oppo-research firm, was also supplying its dossier info to senior Justice Department official Bruce Ohr, whose wife, Nellie, worked for Fusion. House investigators have also documented the FBI’s lack of judgment in using the dossier to obtain a Foreign Intelligence Surveillance Act (FISA) warrant against former Trump aide Carter Page. The four FISA warrants against Mr. Page show that the FBI relied almost exclusively on the unproven Clinton-financed accusations, as well as a news story that was also ginned up by Mr. Steele.

[..] All of which puts an additional onus on Mr. Trump to declassify key FBI and Justice documents sought by Mr. Nunes and other House investigators before Mr. Schiff buries the truth. A few weeks ago Mr. Trump decided to release important documents, only to renege under pressure from Deputy AG Rod Rosenstein and members of the intelligence community. Mr. Sessions resigned this week and perhaps Mr. Rosenstein will as well. Meantime, Mr. Trump should revisit his decision and help Mr. Nunes and House Republicans finish the job in the lame duck session of revealing the truth about the misuse of U.S. intelligence and the FISA court in a presidential election.

Read more …

What happened to Tucker Carlson’s wife is inexcusable.

• No Blue Wave In 2018, But A Tsunami Of Hate

In the early evening following the midterm elections, Fox News host Tucker Carlson’s wife was home alone when she suddenly became startled by a loud thumping at her door. The thumping came from a group of Antifa radicals, whose desire it was to strike terror into the hearts of Carlson’s family. Susan Carlson ran upstairs as the mob that CNN refers to as “protesters” screamed disgusting threats at the Carlson residence, spray-painted the driveway and continued to try to force entry through the front door, which they broke. The only thing seemingly missing from this display of intimidation and hatred were burning tiki torches.

While the radical left seems preoccupied with labeling everyone that disagrees with their political views as white supremacist Nazis, including Israel-loving Middle Eastern women such as myself, threatening displays like this seem awfully similar to the days of the KKK burning crosses on the lawns of blacks they wanted to leave town. That was the message these radicals wanted to send to Tucker Carlson, along with his wife and children, who thank God were not home at the time: leave town and shut up. As someone who has had my own personal address posted publicly by a leftist reporter, the thought of a mother of four hiding in her upstairs closet fearing for her life sends chills down my spine, as it should any decent human being.

How did we get here? Let’s take a trip down memory lane: “Let’s make sure we show up wherever we have to show up … If you see anybody from that Cabinet in a restaurant, in a department store, at a gasoline station, you get out and you create a crowd, and you push back on them, and you tell them they’re not welcome anymore, anywhere.” Those were the exact words of Congresswoman Maxine Waters at a rally in June 2018. Waters then doubled down on her calls for intimidation and harassment in an MSNBC interview, declaring that she has “no sympathy” for Trump supporters. “The people are going to turn on them. They’re going to protest. They’re going to absolutely harass them until they decide that they’re going to tell the president, ‘No, I can’t hang with you.’

[..] Former Obama Attorney General Eric Holder recently corrected Michelle Obama’s notion that “when they go low, we go high,” referring of course to anyone who didn’t support her husband’s political agenda. “When they go low, we kick them. That’s what this new Democrat party is all about.” Holder proclaimed to a crowd of cheering supporters. Or how about former Secretary of State Hillary Clinton’s statement, “You cannot be civil with a political party that wants to destroy what you stand for, what you care about. That’s why I believe if we are fortunate enough to win back the House and/or the Senate, that’s when civility can start again.”

Read more …

As we’ve said many times: declassify the whole thing.

• Post Mortem (Kunstler)

Of course The New York Times is no longer a newspaper in the traditional sense, but an advocacy and propaganda arm of the Democratic Party. They’re pushing this desperate gambit because it’s clear that Mr. Trump is taking the gloves off now in this long-running battle. What’s at stake is whether the DOJ will prosecute the actual and obvious collusion that occurred during and after the 2016 election — namely, the misconduct of the highest DOJ and FBI officials in collusion with the Hillary Clinton campaign to cook up the bogus Russia-gate case, and the subsequent scramble to cover up their activities when Mrs. Clinton lost the election and they realized the evidence trail of this felonious activity would not be shoved down the memory hole by Clinton appointees.

The result has been two years with no evidence of Trump-Russia collusion and two years of DOJ / FBI stonewalling over the release of pertinent documents in the matter. There is already an established and certified evidence trail indicating that James Comey, Andrew McCabe, Peter Strzok, Bruce and Nellie Ohr, Lisa Page, and others (including former CIA Director John Brennan and former DNI James Clapper) acted illegally in politicizing their offices. Some of these figures have been subject to criminal referrals by the DOJ Inspector General, Mr. Horowitz. Some of them are liable to further criminal investigation Many of them have been singing to grand juries out of the news spotlight.

Whether Mr. Whitaker remains in his new role, or is replaced soon by a permanent AG confirmed by the Senate, the momentum has clearly shifted. The Democrats, and especially the forces still aligned with Hillary, are running scared all of a sudden. Thus, all the bluster coming from party hacks such as Rep. Jerrold Nadler (D-NY 10th Dist), and Senate Minority Leader Chuck Schumer (D-NY). Mr. Nadler takes the gavel of the House Judiciary Committee in January and is promising a three-ring circus of investigations when he does. If the House moves to a quixotic impeachment effort, they will find that to be a dangerous two-way street, since Mr. Trump’s legal team can also introduce testimony in his defense that will embarrass and incriminate the Democrats. Anyway, the Senate is extremely unlikely to convict Mr. Trump in a trial.

Read more …

I understand the thinking, but really, Nikki Haley?!

• ‘Democrats Won The House But Trump Won The Election’ – And 2020 Is Next (G.)

Henry Olsen, a senior fellow at the Ethics and Public Policy Center thinktank, said Trump had both won and lost. “There’s a split verdict. The voters who made him came back and he maintained a 46% coalition. He lost the voters he lost two years ago in slightly bigger numbers. The Clinton coalition is strong and growing stronger, but it’s electorally inefficient. Trump has kept his minority coalition together and all he needs is a slight improvement to be assured of re-election.” Speaking at the American Enterprise Institute (AEI) thinktank on Thursday, Olsen noted the growing percentage of women in the Democratic party and suggested: “I think it’s very likely that Donald Trump will be facing a woman.”

“And if Donald Trump, who’s known to be ruthless to subordinates, wanted to change the odds in his favour, I think he should dump Mike Pence and select [former UN ambassador] Nikki Haley. “The biggest thing that the Democrats continually push, and the media continually push, is that he is a racist and a sexist, and that is one of the things that weighs very heavily on the Rino- [“Republican in name only”] educated person. So you say: ‘I’ve changed America and the person who’s going to continue this is going to be a competent executive who understands foreign policy and ran her state and is a woman of colour, Nikki Haley.’ It will flummox the left.”

Read more …

How legal is Mueller’s appointment, and his investigation? If there is genuine doubt, the legal system should speak.

• Federal Court Asks How Sessions Ouster Impacts Lawsuit Challenging Mueller (R.)

A federal appeals court that is weighing a legal challenge to Special Counsel Robert Mueller’s authority said Friday it wanted to know whether the sudden ouster of Attorney General Jeff Sessions could impact or change the outcome of how it should rule. The court’s order directed each party in the case to file briefs by Nov. 19 outlining, “what, if any effect, the November 7, 2018 designation of an Acting Attorney General different from the official who appointed Special Counsel Mueller has on this case.” The order came one day after a three-judge panel for the U.S. Court of Appeals for the District of Columbia Circuit heard oral arguments on whether Mueller was unlawfully appointed by Deputy Attorney General Rod Rosenstein in May 2017 and wielded too much power.

The challenge to Mueller’s authority was being brought by Andrew Miller, an associate of President Donald Trump’s long-time political adviser, Roger Stone. Several of Stone’s associates have been subpoenaed by a grand jury in recent months, as part of Mueller’s probe into whether Trump’s campaign colluded with Russia. Miller defied the subpoena in May, was later held in civil contempt, and filed a lawsuit alleging that Mueller’s appointment violated the U.S. Constitution and also that Rosenstein had no authority to hire him. Mueller was named special counsel by Rosenstein after Sessions recused himself from the probe. However, Rosenstein lost his role as Mueller’s supervisor on Wednesday after Trump forced Sessions to resign and replaced him with Matt Whitaker.

Read more …

The losses continue to add up.

• Tech’s Big Five Lost A Combined $75 Billion In Market Value On Friday (CNBC)

It was a down day for big tech. Apple, Microsoft, Amazon, Alphabet and Facebook — the five most valuable U.S. tech companies — lost a combined $75 billion in market value on Friday. They led a 1.7 percent drop in the S&P 500 tech index and a similar slide in the tech-heavy Nasdaq. Amazon was the worst performer of the group, dropping 2.4 percent. Stocks fell across the board Friday as declines in oil prices and skepticism about a trade deal with China raised concerns that economic growth is headed for a slowdown. Thursday’s report from the Federal Reserve pointing to future rate hikes compounded worries and sent investors fleeing from tech companies, which are particularly susceptible to swings in the economy.

Tech stocks are coming off their worst month since 2008. The Nasdaq closed October down 9.2 percent, with Amazon and Alphabet leading the decline down 20 percent and 9.7 percent, respectively. Analysts were underwhelmed by recent tech earnings reports, including those from Amazon, Apple and Alphabet. Amazon gave lower-than-expected guidance going into the holiday season and Apple announced it would no longer disclose unit sales for iPhone, iPad and Mac devices.

Read more …

Because Google, Facebook have monopolized ads.

• Yelp Craters As Much As 32% As Advertisers Abandon The Site (CNBC)

Yelp cratered as much as 32 percent Friday, a day after releasing third-quarter earnings that revealed advertisers are abandoning the site and denting revenue. Shares fell as low as $29.33, a new 52-week low, before paring some losses to close nearly 27 percent down at $31.92. The plunge makes for the stock’s worst day of trading since going public in 2012. Yelp added zero net new advertising customers during the quarter. Yelp earlier this year switched from long-term advertising contracts in local markets to more flexible, nonterm contracts. That change resulted in significant contract cancellations. Though the cancellations were expected, Yelp failed to compensate with lower-than-expected gross customer adds.

The company reported revenue of $241 million for the quarter, just shy of analyst projections of $245 million. “We do not believe that there was any one single factor behind the new sales shortfall relative to our expectations. Instead, a number of smaller, compounding issues arose, including slower-than-expected sales head count growth, a change in advertising promotions, a technical issue in flowing leads to our reps and a lower success rate in contacting business decision-makers by our outbound sales calls,” Chief Financial Officer Charles Baker said on the company’s earnings call.

Read more …

Not sure Corbyn defying his own party is all that wise.

• Jeremy Corbyn Says Brexit ‘Can’t Be Stopped’ (Ind.)

Jeremy Corbyn has said that Brexit cannot be stopped in a blow to Labour MPs trying to inch the party towards backing a second referendum. The Labour leader’s comments mark a departure from the party’s official position, which leaves the prospect of fresh vote firmly on the table, including the option to remain in the European Union. Labour’s preferred option is to campaign for a general election but as the Brexit talks enter the chaotic final stages, the party is under pressure to soften its stance towards a new public vote. It comes as transport minister Jo Johnson dramatically resigned in protest at Theresa May’s Brexit plan, saying Britain is “barrelling towards an incoherent Brexit” and demanding a Final Say referendum.

Delegates at Labour’s conference in September, voted overwhelmingly in favour of a motion saying the party “must support all options remaining on the table, including campaigning for a public vote”. Shadow Brexit secretary Keir Starmer also received a standing ovation when he told the conference hall that remaining in the EU could be on the ballot paper in a future vote. But tensions remain over the issue, as influential figures such as Unite boss Len McCluskey and shadow chancellor John McDonnell are unenthusiastic about a re-run of the Brexit vote. Labour has agreed to vote down the prime minister’s Brexit deal if it fails to measure up to its tests on jobs and workers’ rights, which senior figures believe could allow Labour to pursue its preferred option – a general election.

In an interview with the German newspaper Der Spiegel, Mr Corbyn was asked if he would stop Brexit. He replied: “We can’t stop it. The referendum took place. Article 50 has been triggered. What we can do is recognise the reasons why people voted Leave.” Mr Corbyn said the Brexit vote was triggered by people who were “totally angered” by the way their communities had been left behind. He also indicated he felt sorry for the prime minister over the “impossible task” of reaching agreement with Brussels and uniting the Tory party, Mr Corbyn said: “I am a decent human being, I feel sorry for anyone in distress. But the best way for anyone to alleviate distress is to take yourself away from the source of it.”

Read more …

Everyone wants a say, of course they do, both in Europe and in the UK.

• New Blow To Theresa May As EU Leaders Demand Scrutiny Of Brexit Deal (G.)

Theresa May has been dealt a blow in the Brexit negotiations by EU leaders ahead of a crunch week during which the Brexit secretary, Dominic Raab, had been expected to visit Brussels to unveil the negotiated agreement. Ambassadors for the EU27, including France and Germany, told the European commission that they would need to scrutinise any deal reached with the British before it was made public and a special summit called. The EU’s chief negotiator, Michel Barnier, has largely been given free rein until now. An “optimistic” timetable would have seen Raab arrive on Tuesday to present the legal text agreed between the commission and the British government.

But during a two-hour meeting with the the EU’s deputy chief negotiator, Sabine Weyand, the member states’ representatives insisted they would not be steamrollered into accepting the agreement secured between the two negotiating teams. They told the commission they would need the best part of a week to go through the text should there be an agreement in a sign of the growing nervousness over the prospect of giving away an all-UK customs union in the withdrawal agreement. The development makes it less likely that a November Brexit summit could be convened. EU officials have privately said that 25 November is the last possible date for a summit, and that it would need to be called early next week to allow preparations in EU capitals. May’s chief Brexit adviser, Olly Robbins, is expected to visit Brussels on Sunday given the lack of time to find agreement.

Read more …

Hmmm. China shutting down? Note that this happens as the Iran sanctions are still waiting in the wings.

• US Crude Oil Posts Longest Losing Streak In Over 34 Years (CNBC)

U.S. crude prices fell Friday for a 10th consecutive session, sinking deeper into bear market territory and wiping out the benchmark’s gains for the year. The 10-day decline is the longest losing streak for U.S. crude since mid-1984, according to Refinitiv data. Crude futures fell for a fifth straight week as growing output from key producers and a deteriorating outlook for oil demand deepen a sell-off spurred by October’s broader market plunge. The drop marks a stunning reversal from last month, when oil prices hit nearly four-year highs as the market braced for potential shortages once U.S. sanctions on Iran snapped back into place.

“The market’s not tight. I think there are windows where you could perceive it to be tight, and I think the markets got caught into that,” Christian Malek, head of EMEA oil and gas research at J.P. Morgan, told CNBC on Friday. “The reality is that we’re still in a world where we’re overproducing and we’ve got surplus.” U.S. West Texas Intermediate crude settled 48 cents lower at $60.19 on Friday. The contract is now down nearly half a percent this year. It fell as low $59.26 on Friday, its weakest level in about nine months.

Read more …

Ha! Help is on the way for Big Oil.

• There Will Be An Oil Shortage In The 2020s, Goldman Sachs Says (CNBC)

An oil shortage is coming says Goldman Sachs, because firms cannot fully invest in future production. Global oil majors are increasingly looking to invest in lower-carbon areas of the energy sector, as they react to pressure for cleaner energy, both from government policy and investors. “In the 2020’s we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production,” Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sachs told CNBC Friday. “The low carbon transition will come through higher, not lower oil prices,” he told CNBC’s “Squawk Box Europe.”

Della Vigna said “Big Oils” are starting to understand that if they want to be widely owned by investors, they need to show that they are serious about minimizing the amount of carbon in the atmosphere. The Goldman analyst said oil firms only had to look at the steep derating of coal companies over the last 5 years to understand the shift in investor sentiment. Della Vigna said until a transition to full renewables is made, the interim battle will be to own a greater market share of gas-based power. The analyst said with a huge capital cost of gas infrastructure, big state-backed companies looked best placed. “We talk about the new seven sisters emerging, dominating the global oil and gas market because nobody else can finance these mega-projects,” he said.

Read more …

Brussels is risking its own powers.

• EU Version Of Budget Would Be Economic ‘Suicide’ For Italy – Tria (CNBC)

Brussels and Rome are in a constant back and forth over budget negotiations but analysts told CNBC that it is the markets that matter the most. Officials from the European Union (EU) and Italy have found themselves in a deadlock after the former’s economic forecasts showed the Italian economy would grow at a slower pace in the next two years than Rome thinks. The Italian government was quick to dismiss, blaming the EU for its “inadequate and partial” analysis of the country’s spending plans. These comments came after Brussels said earlier on the day that Italy’s 2019 deficit will reach 2.9 percent and not 2.4 percent as Rome insists.

Both sides have clashed over Italy’s 2019 budget plans after the anti-establishment government promised to increase spending, challenging European fiscal rules. On Friday, Italy’s Economy Minister Giovanni Tria said Brussels’ proposed deficit cuts would be “suicide” for the country’s economy. The unyielding stance from Rome triggered a rise in the yield spread between German and Italian debt, a common measure of risk for European investors. Analysts told CNBC the standoff looks set to continue, and that the EU is laying the ground to open the process that could eventually lead to sanctions — though no EU country has ever been fined for breaching spending limits.

[..] Yields on Italian debt have risen significantly since May — when the two populist parties, Five Star Movement and Lega, joined forces to form the next cabinet. Investors have fretted about the government’s spending plans given that Italy has a massive debt pile — the second largest in the EU at about 130 percent of GDP. In the last seven days alone, the yield on the 10-year Italian bond is up by about 12 basis points. Looking at its performance throughout the year, there has been an increase of about 172 basis points. “The true guardians of fiscal discipline will be, as usual, financial markets,” Lorenzo Codogno, chief economist at LC Macro Advisors said in a note to clients Thursday.

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WIll Khashoggi’s death be good for something after all?

• US Won’t Refuel Saudi Coalition Planes Bombing Yemen Anymore (RT)

The Saudi-led coalition fighting in Yemen is opting to refuel its aircraft independently going forward, ending a controversial collaboration with US military assets. The Saudi Press agency released a statement on Saturday explaining that the coalition was able to “increase their capacity” for refueling their aircraft and would do so independently going forward. US Secretary of Defense Jim Mattis confirmed the decision was made in consultation with the US government. On Friday, Reuters reported, citing unnamed US officials, that Washington considering ending the refueling of coalition aircraft in Yemen, citing both the coalition’s own increased capabilities and growing international outrage over the human consequences of the war in Yemen.

Opposition to US collaboration with the Saudi coalition in Yemen has increased following the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul. The Saudi-led coalition has been accused of targeting hospitals, water infrastructure, and other civilian targets, and raids on wedding parties and the recent bombing of a school bus have sparked international condemnation. The US and UK have both been criticized for continuing to sell arms to the coalition despite their targeting of civilians and alleged war crimes.

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If ever you want to know who f*cked and f*cked up we are. Supermarkets can sell a million products for which a million acres of rainforests are burned and cut down. But when one of them decides not to play that game, its message is forbidden because it’s too political.

What a lovely Christmas ad. We should have tons of those. And of course you can ask how much of it is aimed at profits, but banning it is insane.

“There’s a human in my forest and I don’t know what to do. He destroyed all of our trees for your food and your shampoo.”

• UK Supermarket Anti-Palm Oil Ad Banned For Being Too Political (R.)

British supermarket chain Iceland has been banned from showing its Christmas advert on television because it has been deemed to breach political advertising rules. The discount supermarket company planned to use a Greenpeace-made animated short film, voiced by actress Emma Thompson, called “Rang-tan”, about the destruction of the rainforest caused by palm oil production and its impact on endangered orangutans. Iceland, which earlier this year announced its intention to remove palm oil from its products by the end of 2018, said the film fitted its agenda, leading to its decision to use the film as its Christmas advert.

The film was banned by Clearcast, which is responsible for the clearance of television ads before they are broadcast, on the grounds of it being seen to support a political issue. Under the 2003 Communications Act, an advert is deemed to contravene the bar on political advertising if it is “wholly or mainly of a political nature” or is “directed towards a political end”. Iceland, which trades from 900 stores and specializes in frozen food, said it hoped the advert would raise awareness and improve people’s understanding of rainforest destruction from palm oil production, which it said appears in more than 50 percent of all supermarket products.

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