Feb 262023
 
 February 26, 2023  Posted by at 10:00 am Finance Tagged with: , , , , , , ,  58 Responses »


W.H. Bartlett and J. Appleton The port of Beirut 1838

 

Western Leaders Privately Say Ukraine Can’t Win the War (Lauria)
Fewer Americans Think That Ukraine Is Winning – Rasmussen (RT)
Ukraine ‘Most Threatened’ By China – Bolton (RT)
Anti-China Rhetoric Is Off the Charts in Western Media (Nair)
Elon Musk Calls 2014 Ukraine Regime Change A ‘Coup’ (RT)
For the First Anniversary: 24 February 2023 (Batiushka)
Russia Confronted With Whole Empire Of Diverse Enemies – Medvedev (TASS)
Biden Team Has ‘Deeply Rooted Hatred For Russia’ – US Congressman (RT)
What the America got Wrong (Observer R)
Putin’s Collaborators (?) and Distant Echoes of WW2 (Moglia)
The World Has Enough Trouble (Kunstler)
From Special Operation To Full-Scale War (Alexander Dugin)
Ukraine Sees Some Value In Chinese Peace Plan (Le Monde)
Russia Comments On China’s Ukraine Roadmap (RT)
UK Sets Up Secret Task Force To Purchase Ammunition For Ukraine (RT)
Hard Evidence in New Study: Brain, Heart Damage Caused by mRNA Vaccine
Yes, Hate Speech Is Constitutionally Protected (Turley)

 

 

 

 

Excellent

 

 

 

 

CNNDonbass

 

 

 

 

Woody

 

 

 

 

“What we shouldn’t do now is inflame the situation further through saber-rattling and warmongering. Whoever believes that a symbolic tank parade on the alliance’s eastern border will bring security is mistaken.”

Western Leaders Privately Say Ukraine Can’t Win the War (Lauria)

Western leaders privately told Ukrainian President Volodymyr Zelensky that Ukraine can not win the war against Russia and that it should begin peace talks with Moscow this year in exchange for closer ties with NATO. The private communications are at odds with public statements from Western leaders who routinely say they will continue to support Ukraine for as long as it takes until it achieves victory on the battlefield. The Wall Street Journal, which reported on the private remarks to Zelenksy, said:“The public rhetoric masks deepening private doubts among politicians in the U.K., France and Germany that Ukraine will be able to expel the Russians from eastern Ukraine and Crimea, which Russia has controlled since 2014, and a belief that the West can only help sustain the war effort for so long, especially if the conflict settles into a stalemate, officials from the three countries say.

‘We keep repeating that Russia mustn’t win, but what does that mean? If the war goes on for long enough with this intensity, Ukraine’s losses will become unbearable,’ a senior French official said. ‘And no one believes they will be able to retrieve Crimea.’ French President Emmanuel Macron and German Chancellor Olaf Scholz told Zelensky at an Élysée Palace dinner earlier this month that he must consider peace talks with Moscow, the Journal reported. According to its source, the newspaper quoted Macron as telling Zelensky that “even mortal enemies like France and Germany had to make peace after World War II.” Macron told Zelensky “he had been a great war leader, but that he would eventually have to shift into political statesmanship and make difficult decisions,” the newspaper reported.

At the Munich Security Conference last week, Gen. Petr Pavel, the Czech Republic’s president-elect and a former NATO commander, said: “We may end up in a situation where liberating some parts of Ukrainian territory may deliver more loss of lives than will be bearable by society. … There might be a point when Ukrainians can start thinking about another outcome.” Even when he was a NATO commander Pavel was a realist in regard to Russia. During controversial NATO war games with 31,000 troops on Russia’s borders in 2016 — the first time in 75 years that German troops had retraced the steps of the Nazi invasion of the Soviet Union — Pavel dismissed hype about a Russian threat to NATO.

Pavel, who was chairman of NATO’s military committee at the time, told a Brussels press conference that, “It is not the aim of NATO to create a military barrier against broad-scale Russian aggression, because such aggression is not on the agenda and no intelligence assessment suggests such a thing.” The German foreign minister at the time, Frank-Walter Steinmeier, also embraced realism towards Russia, saying: “What we shouldn’t do now is inflame the situation further through saber-rattling and warmongering. Whoever believes that a symbolic tank parade on the alliance’s eastern border will bring security is mistaken.”

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“..an Associated Press-NORC poll conducted in late January showed that less than half of US adults (48%) still agreed with sending weapons to Kiev. Just 26% said Washington should continue to play a “major role” in the conflict.”

Fewer Americans Think That Ukraine Is Winning – Rasmussen (RT)

Americans are losing confidence that Ukraine is winning its conflict with Russia, a new Rasmussen Reports poll has shown. The latest figures indicate that more than one-third of US voters who were confident of a Ukrainian victory in December no longer expect Kiev to prevail. The poll, which was conducted last week and released on Friday, found that 46% of likely US voters believe the Russia-Ukraine conflict has become a stalemate. Those Americans who believe that one side or the other is winning are about evenly divided, with 21% in Ukraine’s camp and 19% saying Russia has the upper hand. Just two months ago, a Rasmussen poll asking the same questions showed that 32% of Americans believed Ukraine was winning the conflict.

And just as around one-third of voters who were confident in December that Ukraine would prevail no longer expect a victory for Kiev, the percentage of respondents who see Russian forces winning has increased by about the same proportion. Rasmussen’s findings dovetail with recent polling showing that public support for US aid to Ukraine has dropped sharply. For example, an Associated Press-NORC poll conducted in late January showed that less than half of US adults (48%) still agreed with sending weapons to Kiev. Just 26% said Washington should continue to play a “major role” in the conflict.

Middle-aged voters are most likely to say that President Joe Biden’s administration is doing “too much” to help Ukraine, Rasmussen said. Washington has already allocated $113 billion of military and economic aid for Ukraine since Russia began its offensive against Kiev a year ago. During his visit to Kiev earlier this week, Biden vowed “unwavering” support for Ukraine’s defense, pledging to continue backing the former Soviet republic “as long as it takes.” The US and its NATO allies also have declared that Ukraine will win, and must win, to preserve the “rules-based international order.” However, critics of US foreign policy have argued that Ukraine’s battlefield successes have been greatly exaggerated, and US Chairman of the Joint Chiefs of Staff Mark Milley said last week that the conflict will need to end in a negotiated settlement because neither side can likely achieve victory on the battlefield.

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Where would we be without John Bolton?

Ukraine ‘Most Threatened’ By China – Bolton (RT)

Former top US diplomat John Bolton says he doubts that China can legitimately hold a position of neutrality in the Russia-Ukraine conflict, even as Beijing called for a ceasefire and the resumption of peace talks one year after the launch of Moscow’s military operation in Ukraine. Bolton, who has garnered a reputation for hawkish, interventionist foreign policy stances throughout his political career, has been a prominent critic of China’s policies as it relates to an independent Taiwan and the alleged state-sanctioned theft of Western intellectual property. On Friday, he fired another salvo towards Beijing and the nature of its relationship with Russia. “A lot of so-called experts have said that China was dismayed by Russia’s invasion of Ukraine,” Bolton told the Washington Post. “I think we’ve seen in recent days proof positive that’s not true.”

Bolton added that China had upped its imports of gas and oil from Russian providers to make up for the impact of Western sanctions, and suggested that China’s roadmap to peace in Ukraine would likely have been, he said, signed-off by Moscow. “So, to be clear, I think China’s in this with both feet on Russia’s side,” he said. “And while I certainly don’t diminish the threat that China poses to Taiwan and countries in East and South Asia, I would say the most threatened country in the world today from China is Ukraine.” Bolton, who was a key adviser in the Donald Trump administration for a 17-month spell between April 2018 and September 2019, added that he believes “the Russians and the Chinese are in this together,” referring to the conflict in Ukraine as a “global war.”

“The Chinese have, from the beginning, politically, and I think militarily, had Russia’s back,” Bolton explained. “And the concomitant other side of that is that if China, for example, were to try to attack Taiwan, or throw a blockade around it, they would expect Russia to have their back.” China’s 12-point peace-brokering document, which it issued on Friday, called for an end to hostilities in Ukraine, as well as the removal of Western sanctions on Russia. However, Beijing’s stance has been criticized in the West as being undermined by the country’s diplomatic and economic support for Russia. Various Western officials have also warned that China may be considering providing arms to Moscow – an assertion which Beijing denies.

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“It has become a feature of Western commentary on China to say that its rise is a concern and a threat.”

Anti-China Rhetoric Is Off the Charts in Western Media (Nair)

Typically, the negative stories adhere to three core ideas, which inform the unspoken guidelines within these press rooms when it comes to reporting on China. First is the belief that China is a threat to the world and that this belief must be relentlessly reinforced at every available opportunity. How and why China is a threat is never explored; such is the deep-rooted and almost religious nature of the belief. Sound arguments do not matter. The basic tenets of good journalism are ignored when it comes to a China story. There is no need to explain or give evidence of why China is a global threat. Left ignored is the plentiful evidence that shows China is not a global threat – even if one can point to mistakes and overreach in certain areas. China has not invaded any country in decades, or imposed sanctions that have devasted the lives of millions in poor countries, unlike the West, led by the United States.

Second is that China must be linked to every possible global event that affects the West. This provides an opportunity for the West to bash China while simultaneously burnishing its own credentials as the supposed arbiters of what is right and wrong in international relations. From the pandemic to the Russia-Ukraine war to carbon emissions; from rising sea levels to the scramble for rare earths; from the building of infrastructure in Africa to the production of vaccines – there must be an angle to demonize the country and instill fear in Western nations (and beyond). Indeed, media outlets are reverting to the “yellow peril” of the late 1800s. There is no subtle and nuanced approach to instilling fear like this. It is full-on and very often blatantly racist – but it is now acceptable for one to be racist about the Chinese in Western media, despite the fact that Black-White relations are very carefully described.

The third part of this phenomenon, which is surprisingly not challenged by liberal readers of mainstream media, is the sentiment that everything must be done – even illegal and unfair methods – to arrest the rise of China. Never mind the rights of hundreds of millions of Chinese to have a better life after a century of poverty and deprivation. Headline after headline that capture this sentiment have normalized the view that there is a need to curb the rise of China, and that this is a legitimate geopolitical objective. There is no explanation about why or if it is even morally acceptable. It has become a feature of Western commentary on China to say that its rise is a concern and a threat. With this assumption unassailably in place, the West has the right to galvanize – and even bully – its allies and ask the absurd question, “what should be done about China’s rise?” – as if China does not have the right to carve its own place in the new world.

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“The same way that Fauci was supposed to be protecting us from viruses and then funded gain of function research, Victoria Nuland was supposed to be our chief diplomat with respect to Russia and Eastern Europe and what did she do instead? She ginned up this conflict.”

Elon Musk Calls 2014 Ukraine Regime Change A ‘Coup’ (RT)

Twitter CEO Elon Musk polarized his followers with a tweet declaring there was “no question” that the 2014 change of government in Ukraine was a “coup.” On Saturday, the billionaire tweeted that while “the election” – presumably referring to the 2010 vote that elected Viktor Yanukovych president – was “arguably dodgy,” what followed “was indeed a coup.” The tweet was a response to a post from user @KanekoaTheGreat that featured the front page of an article by University of Chicago Professor John Mearsheimer titled “Why the Ukraine Crisis Is The West’s Fault.” Dating from 2014, the piece – subtitled “The Liberal Delusions That Provoked Putin” – argues that “NATO enlargement” and Western meddling in Ukrainian politics, and not “Russian aggression,” are to blame for Crimea’s accession to Russia.

Mearsheimer states that “for Putin, the illegal overthrow of Ukraine’s democratically-elected and pro-Russian president – which he rightly labeled a ‘coup’ – was the final straw,” an explanation Musk appeared to agree with, at least in part. While the 2010 election that installed Yanukovych as president was deemed an “impressive display” of democracy by the Organization for Security and Cooperation in Europe, the West soured on the Party of Regions politician when he abandoned a 2013 economic cooperation agreement with the EU. Massive violent protests followed, forcing Yanukovych to flee. The US’ hand in the unrest was confirmed in a leaked phone call between then-assistant US Secretary of State Victoria Nuland and US ambassador to Ukraine Geoffrey Pyatt in which they appeared to be plotting to overthrow Yanukovych and install Arseniy Yatsenyuk – who indeed briefly became Prime Minister following Yanukovych’s ouster.

Musk also replied approvingly to a previous post by Kanekoa that featured a video clip of All In podcast host David Sacks claiming that the US “courted” the Ukraine conflict. The video likened Nuland to former Biden administration medical adviser Anthony Fauci, a frequent target of Musk’s ire.“The same way that Fauci was supposed to be protecting us from viruses and then funded gain of function research, Victoria Nuland was supposed to be our chief diplomat with respect to Russia and Eastern Europe and what did she do instead? She ginned up this conflict. How? We backed an insurrection in Ukraine in 2014,” Sacks said in the video, which Musk described as an “accurate assessment.”

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“In 1714 Tsar Peter I opened a window on Europe. Russia never closed it. But in 2014 the West did.”

For the First Anniversary: 24 February 2023 (Batiushka)

Four Christmases ago an ex-British ambassador to a certain European country asked me why the excellent relations between the West and Russia of the 1990s (when he was an ‘attache’ in the British Embassy in Moscow) had so regrettably dissolved. I answered him simply: ‘Because the arrogant West spat in Russia’s face’. He had not been expecting that answer and the only reply of the old spy was astounded silence. I maintain its truth.

In 1714 Tsar Peter I opened a window on Europe. Russia never closed it. But in 2014 the West did. The bad news was that Russia was sick for 300 years with an obsession with the setting sun of the Western world, the Abendland, the Evening land, as the Germans rightly have it. The good news is that Russia is recovering from this obsession, because in 2014 it turned eastwards with its other head, to the rising sun. In 2014 Russia turned eastwards because the arrogant West had spat in its face. And, unsurprisingly, it found daybreak in the east much more pleasant than nightfall. Russia very quickly made friends with China, India, Brazil, South Africa and Iran – to name but a few. In fact, Russia very quickly made friends with seven-eighths of the world, where its real friends had been all along.

As President Putin said in his speech of 21 February, Russia is ‘an ancient, independent and quite distinct Civilisation’. Therefore, just because arrogant Europe spat in its face, Russia does not now have to face an identity crisis. It has refound its identity in being what it is, Northern Eurasia. It no longer has to pretend to be only the Western half of itself, it has reclaimed the double-headed eagle which faces both East and West. But this does mean that the rest of Europe has to face an identity crisis. And this is serious. For it. Because, having renounced its Civilisation, it has lost its identity. And because without Russia, Europe cannot survive. Why else did the US try to destroy and substitute for Ukrainian Civilisation? It was in order to cut little Kiev off from its Russian child, who had become much greater than Kiev, just as it tried to cut off little Europe from Russia, that had become much greater than it. Why else did the US blow up Nordstream? It was to cut off the small north-western peninsula of Eurasia from the other half of Europe and so from all Eurasia, so as to make it a fully dependent invalid of the US.

As we have said a multitude of times, Russia only ever had three aims in this conflict: the Demilitarisation and Denazification of the territory at present known as the Ukraine and the Liberation of the territory at present known as the Donbass. Demilitarisation. Denazification. Liberation. Three words. It is not the tens of thousands of words of the EU directive on the regulatory height of forklift truck seats. (I used to know the author). What has happened after a year is that through Western foolishness the territory to be demilitarised and denazified, the Ukraine, has had to be expanded, and the territory to be liberated, the Donbass, has had to be expanded. As a result of ever-escalating Western aggression and its supply of ‘long-range weapons’, Russia has now had to go further ‘to repel the menace from our borders’. (I quote from President Putin’s same speech). In other words, the Demilitarisation and Denazification of the Ukraine has become the Demilitarisation and Denazification of all Europe, for Europe has been Ukrainianised. It was its own choice. And the Liberation of the Donbass has become the Liberation of all the Ukraine, for the Ukraine has been Donbassised. It was its own choice.

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“..the so-called ‘Western world’ is just a small part of the international community, about 15% of the planet’s population. A rich, over-satiated but still a minority..”

Russia Confronted With Whole Empire Of Diverse Enemies – Medvedev (TASS)

History repeats itself and Russia is again confronted with an empire of diverse enemies 80 years after the victory in the Battle of Stalingrad, Russia’s Security Council Deputy Chairman Dmitry Medvedev said in an article, Year of Defending Fatherland, published in the National Defense magazine on Saturday.”A year after the start of the special military operation, we celebrated yet another very important date in our history in February 2023: the 80th anniversary of the Soviet people’s victory in the Battle of Stalingrad – the chief battle of the 20th century, after which the final rout of the Hitlerite armies became inevitable,” Medvedev said.

“History repeats itself. We are again confronted actually with a whole empire of diverse enemies: Ukrainian and European Neo-Nazis, the United States, other Anglo-Saxons and their minions (about half a hundred of countries),” he said. The enemies have set the task of wiping Russia off from the face of the earth but their attempts will fail, the security official stressed.”We are stronger and this is also obvious now. And the so-called ‘Western world’ is just a small part of the international community, about 15% of the planet’s population. A rich, over-satiated but still a minority,” he added.

The past year of the special military operation in Ukraine has taught the Russians many things and consolidated the country’s citizens in the fight against the common enemy and “has finally helped get rid of the illusions about the ‘democratic’ West whose hypocrisy and frenzied Russophobia have gone beyond all thinkable limits,” Medvedev pointed out. What Russia has gained over that year is its firm confidence in its own strength and in its victory, he said.

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100+ years.

Biden Team Has ‘Deeply Rooted Hatred For Russia’ – US Congressman (RT)

Senior officials at the US State Department are attempting to get the country “involved in another world war” with Russia, Arizona Congressman Paul Gosar tweeted on Friday. Gosar, Twitter CEO Elon Musk, and former president Donald Trump, have all named Victoria Nuland as the most dangerous among this group in recent days. Responding to an RT article on Musk accusing Nuland of “pushing this war” in Ukraine, Gosar declared that the billionaire “is correct.” “Both Nuland and Blinken have a deeply rooted irrational hatred of Russia, and they seek to get the US involved in another world war,” he continued. “These are dangerous fools who can get us all killed.”

In a follow-up tweet, Gosar wrote that “as a non-soldier, Nuland is quite willing to endorse violence and war.” The Republican lawmaker then quoted the article, which stated that Nuland had “endorsed regime change in Russia, celebrated the US’ destruction of the Nord Stream pipelines, and called for the indefinite flow of arms into Ukraine.” As assistant secretary of state for European and Eurasian Affairs in 2014, Nuland was largely responsible for orchestrating the pro-Western coup that unseated democratically-elected president Viktor Yanukovich. Nuland traveled to Kiev and promised military aid to the rioters, and was recorded plotting to install a successor to Yanukovich. As Biden’s secretary of state, Blinken has promised to keep weapons flowing into Ukraine “for as long as it takes,” and advised Kiev in December not to seek the kind of negotiated settlement that would liken to a “phony peace.”

Gosar has been a persistent critic of the Biden administration’s Ukraine policy since Russia’s military operation began a year ago on Friday. However, although the Republican Party now controls the House of Representatives, there is little the Arizona congressman can do to change the administration’s course. A significant bipartisan majority supports continued military aid to Ukraine, with only 11 Republicans, Gosar included, sponsoring legislation that would cut funding for Kiev. These Republicans are all allies of former president Donald Trump. In a campaign video released on Tuesday, Trump blamed the situation in Ukraine on Nuland and “others like her” in the Biden administration. Nuland, he said, was “obsessed with pushing Ukraine towards NATO,” adding that the conflict would have “never happened if I was your president.”

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“..giving rise to the theory that the purpose of the Defense Department is to spend a lot of money, and not necessarily to win wars.”

What the America got Wrong (Observer R)

Going forward it seems past time to consider some significant deficiencies that have become evident in the American quest to remain a great or the greatest military power. Many of these elements have been brought forward recently in pubic discussions and are important considerations in terms of weapons and military force.

The US has continued to procure weapons that many critics perceive as not suited for the modern age, or that are simply obsolete. These weapons are generally very expensive and prevent funds from being shifted to better uses. The usual examples are aircraft carriers, stealth fighter planes, littoral combat ships, and so forth. Instead, the US should have switched funding and effort into hypersonic missiles, electronic warfare, air defense systems, and perhaps more advanced submarines. Thus, the US really does have a “missile gap” to contend with. The bad name that air defense got with the “Star Wars” episode under President Reagan delayed work in that area for many years. Now it appears that at least one foreign country, Russia, is considerably ahead of the US in air defense equipment.

In addition, long ago the US set up approximately 800 military bases around the world. These bases were useful in the days of gunboat diplomacy and when US hegemony required extensive preparation for military action anywhere around the globe. Then and now these bases require a lot of manpower and funding to operate, but it is not clear that they serve an essential purpose in this age. Other countries have taken up the chore of fighting pirates and bombing terrorist dens. The US effort could be greatly scaled back.

The US system for developing new weapons and producing weapons has suffered from not “getting the biggest bang for the buck.” It is often pointed out that the US spends on weapons many times what other countries do, but does not seem to get any more or better weapons as a result. Probably the entire system needs to be rethought. One option would be to go back to having the military run some of its own factories, as in the days of armories. Perhaps a bit of government ownership would provide some competition which is sorely lacking now. The politicians even require the military buy weapons it does not want—essentially giving rise to the theory that the purpose of the Defense Department is to spend a lot of money, and not necessarily to win wars.

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“Hallstein had accompanied Hitler in his state visit to Mussolini in Italy and had established the framework of the notorious ‘axe’ Hitler-Mussolini. Later he set up the legal framework for the ‘new European order’, now renamed ‘European Union’..”

Putin’s Collaborators (?) and Distant Echoes of WW2 (Moglia)

‘Collaboration’ is a word of easy etymological determination. It derives from Latin, meaning ‘to work together’. Historically, ‘collaboration’ referred to the medieval meaning of “shared possessions acquired through work by a married couple.” However, in France, during the German occupation in WW2, it assumed the significance of ‘cooperating with the enemy’. And as if to ensure that the new WW2 meaning could not be confused with the original, the term ‘collaborator’ was shrunk into the shorter and disparaging-sounding word ‘collabo’. The lexical metamorphosis began on October 24, 1940 when, in the little town of Montoire-sur-le-Loire, a meeting was held at the railway station between Adolf Hitler and Marshall Petain, president of France. A historical photo shows Petain shaking Hitler’s hand.

A transcription of the actual conversation is not available, but six days later, Petain, in a radio speech delivered while sitting by his fireplace, gave the French a status report on the situation. It is during this broadcast that he used the term ‘collaboration,’ in a significantly historical paragraph: “It is a matter of honor, in order to maintain French unity, a unity spanning ten centuries – and in the context of a constructive new European Order – that today I have begun on a path of collaboration” (with Germany). One important consideration. As a matter of principle and action, ‘collaboration’ was an integral foundation of Petain’s philosophy, in relation to the ‘new European order’ spoken-of in his radio address.

Meaningfully, Petain’s words ‘new European order’ are omitted from French history texts in schools, referring to that period and event. Why? Because, in the sanctioned interpretation of history, it was/is important to emphasize Petain’s submission (to Germany) rather than collaboration. Which, more objectively, at least in my view, should have been called ‘modus vivendi’ – a sentence whose flavor of neutrality and antiquity, would better represent the condition when people who declared a war on an enemy and lost it, attempt to survive in objectively critical circumstances. Still, given the aftermath of WW2 and the strongly promoted implementation of the European Union, Petain’s ‘new European order’ returned a few years later under a new flag and – we may add – with a vengeance. Ever since, implicitly, explicitly, officially and unofficially the ‘new European order’ has been imposed, not to say forced-upon the seemingly complacent, compliant, beguiled, gullible, undisturbed and unruffled Europeans.

Furthermore, given that the tale of history cannot be told without (often) strategic and convenient omissions, a curious reader may be interested in another remarkably curious piece of news, usually (or strategically) omitted. One important protagonist in the establishment of the current European Union was Walter Hallstein, a jurist most close to Hitler during the regime. Hallstein had accompanied Hitler in his state visit to Mussolini in Italy and had established the framework of the notorious ‘axe’ Hitler-Mussolini. Later he set up the legal framework for the ‘new European order’, now renamed ‘European Union’, including the structure of what would become the ‘Treaty of Rome’ of 1957. Equally, Walter Hallstein became the first president of the CEE Commission (Commission Economique pour l’Europe). In other words he was a pedigreed Nazi, though he successfully managed to hide it.

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“Do you suppose Mr. Zelensky still has the prosecutor’s files in his possession?”

The World Has Enough Trouble (Kunstler)

The USA is falling apart from a combination of mismanagement, malice, and negligence. Our economy is a tottering scaffold of Ponzi schemes. Our institutions are wrecked. The government lies about everything it does. The news industry ratifies all the lying. Our schoolchildren can’t read or add up a column of numbers. Our food is slow-acting poison. Our medical-pharma matrix has just completed the systematic murder and maiming of millions. Our culture has been reduced to a drag queen twerk-fest. Our once-beautiful New World landscape is a demolition derby. Name something that hasn’t been debauched, perverted, degenerated, or flat-out destroyed.

And so, the “Joe Biden” show is busy ginning up nuclear war hysteria because that’s all it has left for manipulating public emotion. The Covid-19 derangement lost its mojo in 2022 and the population has only just begun to grok the all-causes death disaster underway courtesy of Pfizer and Moderna (and the CDC with the FDA). Did you notice, by the way, that the CDC just added those unapproved, still-experimental shots to the childhood vaccine schedule, considered official “guidance” that is followed by virtually every school system in America. Rochelle Walensky did that despite massive evidence that the “vaccines” damage children’s hearts, nervous systems, reproductive systems, and immune systems?

Do you know why Ms. Walensky did that? Because adding the mRNA shots to the childhood schedule supposedly confers permanent immunity from legal liability for the drug companies, even after the current emergency use authorization (EUA) runs out. The catch to that cozy arrangement is if there was any fraud committed on the public in the release and administration of those products, the companies lose their immunity and can be sued until there is nothing left of them but the paperclips. Plus, the executives may be liable for criminal prosecution. Hard time.

One Brook Jackson, a technician involved in the sketchy Pfizer drug trials, and who directly witnessed the procedural violations as they occurred, is currently suing Pfizer under the False Claims Act (31 U.S. Code § 3729) saying that the company defrauded the government. Pfizer’s lawyers have asked the judge to dismiss the case on the grounds, they said in court, that, “We did not defraud the government. We delivered the fraud that the government ordered.” So now, millions of schoolchildren in this land will be subject to compulsory harmful mRNA shots in order to cover the Pharma companies’ multi-billion-dollar asses. Doesn’t that sum up our national predicament nicely? Way to go, Rochelle. Don’t think nobody noticed.

It’s also worth pondering whether we are neck-deep in the Ukraine morass because Volodymyr Zelensky is blackmailing “Joe Biden” over the mysterious Biden Family business operations that took place there directly following the US-orchestrated Maidan revolution that overthrew Ukraine President Viktor Yanukovich in 2014. Remember “The Big Guy’s” earnest efforts to get rid of the Ukrainian state prosecutor who was looking into the affairs of the Burisma gas company that invited Hunter Biden and his associate Devon Archer onto the board of directors. Of all people in Western Civ… these two Americans… with no knowledge of or experience in the natgas industry. Weird, a little bit. Do you suppose Mr. Zelensky still has the prosecutor’s files in his possession?

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“Only a year later, Moscow finally realized that this was not a Special Military Operation, but a full-fledged war.”

From Special Operation To Full-Scale War (Alexander Dugin)

A year has passed since the start of Russian Special Military Operation in Ukraine. It began precisely as a Special Military Operation, it is clear today that Russia has found itself in a full-fledged and difficult war. The war not so much with Ukraine – as a regime, not with a people (hence the demand for political denazification was put forward initially), but first of all with the “collective West”, that is, in fact, with the NATO bloc (except for the special position of Turkey and Hungary, seeking to remain neutral in the conflict – the remaining NATO countries take part in the war on the side of Ukraine one way or another).

This year of war shattered many illusions that all sides of the conflict had. The West, hoping for the effectiveness of an avalanche of sanctions against Russia and its almost complete cut-off from the part of the world economy, politics, and diplomacy controlled by the United States and its allies, did not succeed. The Russian economy has held its own, there have been no internal protests, and Putin’s position has not only not wavered, but has only grown stronger. Russia could not be coerced into stopping military operations, attacking Ukraine’s military-technical infrastructure, or withdrawing decisions to annex new entities. There was no uprising of the oligarchs, whose assets were seized in the West, either. Russia survived, even though the West seriously believed that it would fall.

From the very beginning of the conflict, Russia, realizing that relations with the West were crumbling, made a sharp turn toward non-Western countries – especially China, Iran, Islamic countries, but also India, Latin America and Africa – clearly and contrastingly declaring its determination to build a multipolar world. In part, Russia before tried already to strengthen its sovereignty, but with hesitation, not consistently, constantly returning to attempts to integrate itself into the global West. Now this illusion has finally dissipated, and Moscow simply has no way out but to plunge headlong into building a multipolar world order. It has already achieved certain results, but here we are at the very beginning of the way.

However, in Russia itself, everything did not go the way it was supposed to. Apparently, the plan was not to wait for Ukraine to attack Donbass and then Crimea, which was being prepared during the Minsk agreements with the active support of the globalist elites of the West – Soros, Nuland, Biden himself and his cabinet – but to strike a swift and deadly preemptive blow against Ukraine, rush to besiege Kiev and force Zelensky’s regime to capitulate. After that, Moscow planned to bring a moderate politician (someone like Medvedchuk) to power, and begin to restore relations with the West (as it happened after the reunification with Crimea). No significant economic, political, or social reforms were planned. Everything was supposed to remain exactly as before.

However, it all went very wrong. After the first real successes, huge miscalculations in the strategic planning of the entire operation became apparent. The peaceful mood of the army, the elite, and society, unprepared for a serious confrontation – neither with the Ukrainian regime, nor with the collective West – had its impact on the development of the situation. The offensive stalled, encountering desperate and fierce resistance from an adversary with unprecedented support from the NATO military machine. The Kremlin probably did not take into account either the psychological readiness of the Ukrainian Nazis to fight to the last Ukrainian, or the scale of Western military aid.

In addition, we did not take into account the effects of eight years of intensive propaganda, which forcibly inculcated Russophobia and extreme hysterical nationalism in Ukrainian society day in and day out. While in 2014, the overwhelming majority of eastern Ukraine (Novorossiya) and half of Central Ukraine were positively disposed toward Russia, although not as radically as residents of Crimea and Donbass, in 2022 this balance has changed. The level of hatred toward Russians has significantly increased, and pro-Russian sympathies have been violently suppressed, often through direct repression, violence, torture and beatings. In any case, Moscow’s active supporters in Ukraine became passive and intimidated, while those who hesitated before sided finally with Ukrainian neo-Nazism, encouraged in every possible way by the West (I think for purely pragmatic and geopolitical purposes). Only a year later, Moscow finally realized that this was not a Special Military Operation, but a full-fledged war.

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“I am planning to meet with Xi Jinping,” Zelensky said without saying when or where. “This will be important for world security.”

Ukraine Sees Some Value In Chinese Peace Plan (Le Monde)

Ukrainian President Volodymyr Zelensky on Friday, February 24, gave credit to a 12-point peace plan put forward by China as the war between Russia and his country entered a second year, adding Beijing’s interest was “not bad” and might be useful in isolating Moscow. “Our task is to gather everyone to isolate the one,” Zelensky told reporters during a news conference marking the first anniversary of the Russian invasion. “China has shown its thoughts. I believe that the fact that China started talking about Ukraine is not bad. But the question is what follows the words. The question is in the steps and where they will lead to,” Zelensky said, adding he was planning to meet with Chinese President Xi Jinping. “I am planning to meet with Xi Jinping,” Zelensky said without saying when or where. “This will be important for world security.”

China called for a cease-fire and peace talks between Ukraine and Russia in a vaguely worded proposal released on Friday that analysts said was unlikely to deliver results. Beijing claims to have a neutral stance in the war that began a year ago but has also said it has a “no limits friendship” with Russia and has refused to criticize Moscow’s invasion of Ukraine or even refer to it as an invasion. It has accused the West of provoking the conflict and “fanning the flames” by providing Ukraine with defensive arms. Zelensky said there were points in the Chinese proposals that he agreed with and “those that we don’t.” He also said he was doing “everything possible” to prevent China from arming Russia. “I really want to believe that China will not supply weapons to the Russian Federation… It is point number one,” Zelensky said. He also said that he wanted to “believe that China will be on the side of the just world, which means, on our side.”

Russia’s Foreign Ministry also welcomed China’s peace plan and said it remains open to political and diplomatic efforts. The plan released by China’s Foreign Ministry mainly reiterated long-held positions. It calls for the “sovereignty, independence and territorial integrity of all countries” to be respected but does not say what will happen to the territory Russia has occupied since the invasion. It also calls for an end to “unilateral” sanctions on Russia, indirectly criticizes the expansion of the NATO alliance and condemns threats of nuclear force. Speaking after China issued the paper, but without referring to it, Zhanna Leshchynska with the Ukrainian embassy in Beijing said her country does not want peace at any price. We will not agree to anything that keeps Ukrainian territories occupied and puts our people at the aggressor’s mercy,” Leshchynska told a gathering at the European Union mission to China.

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“..recognition of the new territorial realities that have developed as a result of the people’s right to self-determination, the demilitarization and denazification of Ukraine, as well as the elimination of all threats emanating from its territory.”

Russia Comments On China’s Ukraine Roadmap (RT)

China sincerely wants a diplomatic solution to the conflict, but the main obstacles to peace are the Ukrainian leadership and its backers in the West, the Russian Foreign Ministry said on Friday. “We highly appreciate the sincere desire of our Chinese friends to contribute to the settlement of the conflict in Ukraine by peaceful means,” ministry spokeswoman Maria Zakharova said in a statement, commenting on China’s 12-point “roadmap” for peacefully ending the hostilities. Moscow shares Beijing’s position that any sanctions not authorized by the UN Security Council are “illegitimate” and “a crude instrument of unfair competition and economic warfare.”

The two countries also agree on the UN Charter, the norms of international law, and the principle of the indivisibility of security. Those considerations informed Russia’s proposals for security guarantees, made to the US and NATO in December 2021 – proposals which the West rejected, Zakharova noted. When it comes to Ukraine, “Russia is open to achieving its goals through political and diplomatic means,” Zakharova said, laying out the criteria for a “comprehensive, just and sustainable peace.” “This involves the West ending the supply of weapons and mercenaries to Ukraine, the end of hostilities, the return of Ukraine to a neutral non-aligned status, recognition of the new territorial realities that have developed as a result of the people’s right to self-determination, the demilitarization and denazification of Ukraine, as well as the elimination of all threats emanating from its territory.”

All citizens of Ukraine, including Russian-speakers and ethnic minorities, should be guaranteed their inalienable rights, and Kiev must end “all illegal restrictive measures and politicized lawsuits,” Zakharova added. According to the Russian Foreign Ministry, the main obstacle to peace is currently the Ukrainian ban on negotiating with Russian President Vladimir Putin, enacted by the government in Kiev at the end of September 2022. The insistence of Ukrainian leader Vladimir Zelensky on withdrawing Russian armed forces “from our new territories – Donbass, Crimea, Zaporozhye and Kherson,” testifies “to what extent official Kiev is detached from reality,” Zakharova said.

She also noted that the Ukrainian government stopped the peace negotiations with Russia, which Kiev had initiated, in April 2022. According to pro-government media in Ukraine, that decision was made after Boris Johnson – who was the British prime minister at the time – visited Kiev and said the West was unwilling to make peace with Russia. NATO and the EU have rejected the Chinese proposal out of hand, saying Beijing had “no credibility” when it came to Ukraine, because it did not join them in denouncing Moscow.

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No, we are not involved..

UK Sets Up Secret Task Force To Purchase Ammunition For Ukraine (RT)

The UK Ministry of Defense has established a secret task force to purchase ammunition for Ukraine, especially Soviet-made weapons, American media reported, citing documents it obtained and people familiar with the matter, Report informs referring to Sputnik International. The task force is mainly focused on obtaining Soviet-style ammunition through third countries and brokers, according to the report. The US has also financed such deals, the report said. Such deals, however, became harder in recent months as suppliers began running out of stock, the newspaper said. Last June, London reportedly struck a deal to buy 40,000 Pakistani-origin artillery shells and rockets made by the government-owned Pakistan Ordnance Factories.


Under the agreement, the UK would pay a Romanian broker to buy the weapons, which would be transferred from Pakistan to the UK, with no mention of Ukraine, according to the newspaper. The deal was not realized because the Pakistani supplier was unable to deliver the ammunition, the report cited Marius Rosu, the head of exports at Romanian broker Romtehnica, as saying. Rosu noted that his company does not provide weapons directly to Ukraine. However, purchasers may obtain them from Romtehnica and later send them to Ukraine.

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“So if you see spike protein on its own, that means it’s vaccine; if you see spike protein and nucleocapsid protein, that means it’s natural viral infection..”

Hard Evidence in New Study: Brain, Heart Damage Caused by mRNA Vaccine

Scientists in Germany have found that mRNA vaccination, not COVID-19 infection itself, caused brain and heart damage in an older adult with underlying conditions. This study was published in October 2022 in the journal Vaccines: “A Case Report: Multifocal Necrotizing Encephalitis and Myocarditis after BNT162b2 mRNA Vaccination against COVID-19.” It examined the situation of a 76-year-old German man with Parkinson’s disease. The patient died three weeks after receiving his third COVID-19 injection. The first vaccine he received in May of 2021 was the Oxford/AstraZeneca vaccine. That was followed by two more injections in July and then December of the same year. His two subsequent vaccines were both made by Pfizer. After the second vaccine, the patient’s family noticed marked changes in his behavior. He started experiencing more anxiety, became more lethargic, and did not want to be touched. He became withdrawn, even from close family members, and the symptoms of his pre-existing Parkinson’s disease worsened considerably.

Given the ambiguous clinical symptoms prior to his death, his family requested an autopsy. [..] As a former vaccine developer with a Ph.D. in molecular genetics, Joe Wang has questioned the design of these vaccines. At the same time, however, this vaccine design makes it easy to distinguish pathology caused by infection by the virus versus pathology caused by the vaccine. “So if you see spike protein on its own, that means it’s vaccine; if you see spike protein and nucleocapsid protein, that means it’s natural viral infection. That’s the difference between the two,” Campbell explained. In order to conduct an autopsy to determine the cause of death in the 76-year-old Parkinson’s disease patient, researchers processed tissues in his body with formalin, cut them into sections, and stained them with hematoxylin and eosin in order to examine them.

Cancer cells

They compared their samples with controls, both of the cultured cells from SARS-CoV-2 positive COVID-19 patients (that contained both the spike protein and the nucleocapsid), and cultured cells that contained vaccine-induced spike protein expression but no nucleocapsid protein. The autopsy uncovered inflammation in both the brain and the heart. The patient experienced acute brain damage that was unrelated to his Parkinson’s disease diagnosis. There were patches of degeneration and inflammation in the front of his brain and his brain further contained three kinds of pathological findings: neuronal death (dead nerve cells), microglial infiltration (defense cells in the brain), and lymphocytes, which are associated with viral infection.


They found spike protein in the frontal lobe of the brain, as well as in other sections of the brain. But there was no nucleocapsid protein present. They found myocarditis–that is, swelling—in the heart. It was clear from the autopsy that the myocarditis was not caused by natural infection but, instead, by vaccine-induced spike proteins.

Thorp

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“..many politicians and pundits are using this false constitutional claim to defend potentially unconstitutional actions by the government..”

Yes, Hate Speech Is Constitutionally Protected (Turley)

Author Salman Rushdie, still recovering from the latest assassination attempt, once said freedom of speech must include “the freedom to offend” or “it ceases to exist.” Rushdie has risked his very life to support that principle after being put under a death threat by Iran’s then-Supreme Leader Ayatollah Ruhollah Khomeini in 1989 for allegedly insulting Islam. Recently, when Secretary of State Antony Blinken responded to the attack on Rushdie, he notably attacked the role of hate speech as one of “the pernicious forces that seek to undermine these rights.” It was a curious spin. Rushdie has fought limitations on speech and was himself accused of a type of hate speech toward Islam. Due to his alleged blasphemy, his accusers declared not just his right to speech but his right to life as forfeit.

The use of Rushdie to further calls to curtail hate speech may be bizarre but it is not surprising. There is a concerted effort by the Biden administration and many Democrats to censor anything deemed hateful on the internet and social media. That was evident at the start of a recent House hearing on the government’s role in censoring citizens on social media. As one of the witnesses, I was taken aback by the opening statement of the committee’s ranking Democrat, Del. Stacey Plaskett (D-V.I.). Besides opposing an investigation into the role of the FBI and other agencies in such censorship, Plaskett declared that “I hope that [all members] recognize that there is speech that is not constitutionally protected,” and then referenced hate speech as an example.

Hate speech is indeed a scourge in our nation, but it is also protected under our Constitution. Yet many politicians and pundits are using this false constitutional claim to defend potentially unconstitutional actions by the government. Recently, Sen. Ben Cardin (D-Md.), who is a lawyer, said that “if you espouse hate … you’re not protected under the First Amendment.” Former Democratic presidential candidate Howard Dean declared the identical position: “Hate speech is not protected by the First Amendment.” Even some dictionaries now espouse this false premise, defining “hate speech” as “Speech not protected by the First Amendment, because it is intended to foster hatred against individuals or groups based on race, religion, gender, sexual preference, place of national origin, or other improper classification.”

It is not an argument that improves with repetition. Yet, there have been calls to ban hate speech for years. Even former journalist and Obama State Department official Richard Stengel has insisted that while “the First Amendment protects the ‘thought that we hate’ … it should not protect hateful speech that can cause violence by one group against another. In an age when everyone has a megaphone, that seems like a design flaw.” Actually, It is not a design flaw but the very essence of the Framers’ design. The First Amendment does not distinguish between types of speech, clearly stating: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.”

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Street cat
https://twitter.com/i/status/1629486875109883906

 

 

 

 

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Nov 142018
 
 November 14, 2018  Posted by at 10:15 am Finance Tagged with: , , , , , , , , , , , ,  4 Responses »


Pablo Picasso Still life 1917

 

Britiain, EU Agree on Brexit Plan (G.)
France and Facebook Announce Partnership Against Online Hate Speech (Pol.eu)
Oil’s Unprecedented Slide Accelerates, Capitulates To Darkening Outlook (BBG)
Major Markets Are All Flashing Warning Signs (Roberts)
Trump’s Tariff Battle With China Spurs Record Dollar-Yuan Trading (CNBC)
Goldman Sachs Is Implicated In History’s Largest Financial Con (Ind.)
IMF Says Governments Could Set Up Their Own Cryptocurrencies (G.)
Amazon’s ‘HQ2’ Headquarters Will Cost US Taxpayers $2 Billion (R.)
Decoding The Hypersonic Putin On A Day Of Remembrance (Escobar)
Angela Merkel Calls For Creation Of ‘Real, True’ EU Army (Ind.)
Saudi ‘Kill Team’s’ Luggage Contained Syringes, Defibrillators, Scissors (AFP)
Who Gets to Live in Victimville? (Monics Lewinsky)
Social Media Increases Depression And Loneliness (TI)
Heatwaves Can ‘Wipe Out’ Male Insect Fertility (G.)

 

 

At sort of the last moment, the long awaited deal is announced. Alas, all it really does is push forward any awkward decisions- and there are many. And even that can be voted down by the Cabinet, or parliament, or some other party involved, like the DUP. One thing seems certain: Theresa May will no longer be in charge when actual decisions are made. So why would she care? It’s about saving face by now.

Britiain, EU Agree on Brexit Plan (G.)

Theresa May summoned her cabinet to an emergency meeting on Wednesday afternoon to sign off her long awaited final Brexit deal, prompting hard-Brexit Tories to call for senior ministers to stand up and block it. The critical meeting is the culmination of months of negotiations and will see May’s senior ministers consider whether they can personally endorse the agreement that the prime minister has been able to reach. Ministers were summoned to No 10 in the early evening and some met individually with May or her chief of staff, Gavin Barwell. They were given the chance to read the key documents, although they were not trusted to take any papers home.

Further one-on-one meetings were expected to take place on Wednesday. “Cabinet will meet at 2pm tomorrow to consider the draft agreement the negotiating teams have reached in Brussels, and to decide on next steps,” a No 10 spokesman confirmed. “Cabinet ministers have been invited to read documentation ahead of that meeting.” Key elements of the deal began to leak in the early evening. The UK was understood to have agreed that an independent arbitration committee will judge when a UK-wide customs backstop could be terminated, comprising an equal number of British and EU representatives plus an independent element.

There will be a review in July 2020, Brussels sources added, six months before the end of the transition period, at which it will be determined if the UK is ready to move to a free trade deal; transfer to the backstop; or extend the transition period, possibly by a year to 2021.

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Scary. The leader of one political party seeks to decide with Silicon Valley, what constitutes hate speech. The main potential target of this is Marine le Pen, who’s already had her share of hate accusations. Thing is, Macron has fallen behind her in the -EU election- polls, his popularity has fallen to 23%. And now Zuckerberg gives him the tools to get rid of Le Pen.

France and Facebook Announce Partnership Against Online Hate Speech (Pol.eu)

Emmanuel Macron just “friended” Mark Zuckerberg. The French president announced on Monday a six-month partnership with Facebook aimed at figuring out how the European country should police hate speech on the social network. As part of the cooperation — the first time that Facebook has teamed up with national politicians to hammer out such a contentious issue — both sides plan to meet regularly between now and May, when the European election is due to be held. They will focus on how the French government and Facebook can work together to remove harmful content from across the digital platform, without specifying the outcome of their work or if it would result in binding regulation.

The partnership, which will involve meetings in Paris, Dublin and California, may be broadened out to cover other as yet unnamed areas after six months. A French official who asked not to be named called the partnership an “unprecedented experiment” that would grant authorities insight into Facebook’s processes to formulate recommendations that are “concrete and operational.” The social networking giant is now trying to lobby national lawmakers on the perceived dangers of regulating the internet. “We are giving blind faith to our daily digital tools,” Macron told an audience in Paris. “Today, when I see our democracy, internet is much better used by the extremes … or by terrorist groups.”

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Feeding on itself by now?!

Oil’s Unprecedented Slide Accelerates, Capitulates To Darkening Outlook (BBG)

Oil’s unprecedented decline deepened as investors fled a market hammered by swelling excess supplies, a darkening demand outlook and U.S. President Donald Trump’s Twitter critique of the world’s biggest crude exporter. Futures plunged 7.1 per cent in New York on Tuesday for the biggest one-day drop in three years. OPEC’s dire forecast for 2019 demand came at a time of steadily rising American production and stockpiles. Trump admonished Saudi Arabia for planning to curb output and lamented prices that settled below US$56 a barrel for the first time in a year. “This tweet certainly did not help prices,” said Warren Patterson, a senior commodities strategist at ING Bank.

“Given the growing global surplus over the first half of 2019, OPEC will likely try to ignore President Trump’s call as much as possible.” West Texas Intermediate futures have fallen for a record 12 sessions on fears that a supply glut similar to the price-killing surplus of 2014 is redeveloping. In London, Brent futures have declined in 11 of the past 12 sessions. Money managers’ combined bullish positions in WTI and Brent sank to the lowest in 14 months as of Nov. 6, Commodity Futures Trading Commission data show, as long positions shrank and shorts increased.

“Today’s move is just capitulation,” said Nick Gentile, managing partner of commodity trading advisor NickJen Capital Management & Consulting LLC in New York. “You’re getting a combination of the systematic CTAs, the trend following guys, adding to the shorts and global macro guys liquidating longs.” WTI for December delivery dropped US$4.24 to end the session at US$55.69 a barrel on the New York Mercantile Exchange. Total volume traded Tuesday was about 90 per cent above the 100-day average.

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Master graphmaker Lance Roberts has some more. I picked a few.

Major Markets Are All Flashing Warning Signs (Roberts)

[..] the failure of the market to hold the 200-dma also increases the downside risk of the market currently. There is an important point here to be made about “bull markets” and “bear markets. While there is no “official” definition of what constitutes a “bull” or “bear” market, the generally accepted definition is a decline of 20% in the market. However, since I really don’t want to subject my clients to a loss of 20% in their portfolios, I would suggest a different definition based on the “trend” of the market as a whole. As shown in the chart below: • If prices are generally “trending higher” then such is considered a “bull market.” • A “bear market” is when the “trend” changes from positive to negative.

[..] what is happening domestically should not be a surprise. The rest of the world markets have already confirmed bear market trends and continue to trade below their long-term moving averages. (The very definition of a bear market.) While it has been believed the U.S. can “decouple” from the rest of the world, such is not likely the case. The pressure on global markets is a reflection of a slowing global economy which will ultimately find its way back to the U.S.

(Note: we closed all international and emerging market positions in our portfolios at the beginning of this year.) Just as a side note, China has been in a massive bear market trend since 2015 and is down nearly 50% from its previous highs.

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China’s foreign reserves are under severe pressure.

Trump’s Tariff Battle With China Spurs Record Dollar-Yuan Trading (CNBC)

Market uncertainty tied to the ongoing U.S.-China trade war has spurred more transactions than ever before between the American dollar and the Chinese yuan in recent months. Much of that volume comes as businesses and investors with exposure to the Chinese market are looking to hedge their foreign exchange risk. Many of them are looking to buy into the strengthening dollar, and that’s stoked speculation that Chinese authorities are intervening in the market to defend their currency, boosting trading volumes to new highs in the process. On Tuesday, currency traders told Reuters major state-owned banks were selling dollars to defend the Chinese yuan, as the greenback climbed to a 16-month peak against a basket for currencies.

Most trading between the two currencies takes place on the spot market, where dollars and yuan change hands as soon as a deal is done. That sort of market has seen volumes surge this year for the currency pair. But futures trading — where the transaction is agreed to take place at a later date at a certain price — is also increasingly catching dollar-yuan traders’ interests, according to Benjamin Lu, an investment analyst with Singapore brokerage Phillip Futures. [..] ups-and-downs in the foreign exchange market have prompted a Singapore-based privately backed Chinese exchange to launch a new dollar-offshore yuan futures contract. “Nobody knows how the trade war will end. There’s a lot of fear and panic in the financial market and worries about trade,” said Eugene Zhu, CEO of the Chinese-backed Asia Pacific Exchange.

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Malaysia should call Blankfein to testify in court. He knew, he was there. But Goldman is far more likely to just pay some huge fine.

Goldman Sachs Is Implicated In History’s Largest Financial Con (Ind.)

Even by Wall Street standards of gouging customers this was one hell of a skim. In 2012 and 2013, the Malaysian government was raising $6.5bn (£5bn) from investors to establish a sovereign wealth fund and finance various domestic infrastructure investment projects. And the cut for Goldman Sachs – the most prestigious investment bank in the world – for arranging the fundraising from the global capital markets? Ten per cent, or $600m. Now we can have a guess as to why the Malaysian authorities were so insouciant about those extortionate fundraising costs: because they themselves were, apparently, going to loot the pot in one of the biggest frauds in history. Around half of the fund has gone missing.

According to the US Justice Department a fair amount has been pumped into luxury American real estate and shady art auction bids. Appropriately, some went into investing in Martin Scorsese’s The Wolf of Wall Street. At one stage $680m mysteriously appeared in the bank account of the former Malaysian prime minister, Najib Razak, who chaired the 1MDB advisory board, and who is now charged in his own country with corruption. Malaysian politicians, officials and financiers had effectively bought Goldman Sachs’ blue chip reputation to pull in naive investors to the “1MDB” state investment fund. Ten per cent probably seemed a reasonable cut in the circumstances. The question is: what did Goldman know about the theft?

The bank claims today that it was completely oblivious. But the senior Goldman banker on the ground in Malaysia, Tim Leissner, certainly knew. He pleaded guilty in New York to financial crimes related to 1MDB last week, including bribery of officials to ensure Goldman was the sole fundraiser. What’s even more problematic for the bank is that Leissner told the court there was a “culture” at Goldman Sachs of bypassing internal compliance. That’s backed up by US prosecutors, who say Goldman’s business culture in the region was “highly focused on consummating deals, at times prioritising this goal ahead of the proper operation of its compliance functions”.

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And then let the IMF control them all.

IMF Says Governments Could Set Up Their Own Cryptocurrencies (G.)

Governments should consider offering their own cryptocurrencies to prevent the systems becoming havens for fraudsters and money launderers, Christine Lagarde, head of the International Monetary Fund said referring to the fast-growing fintech industry. Lagarde said central banks had to work quickly to establish digital cash for burgeoning networks of private financial transactions or risk their mushrooming into trading networks that were inherently unstable. A system regulated by central banks could become the basis for a rapid expansion of financial services to developing world countries and the poorest people in western societies without the risks associated with privately managed digital currencies, she said.

[..] Speaking at a fintech conference in Singapore, Lagarde said central banks would take over the processing of transactions while private-sector providers offered innovative services to customers. “The advantage is clear. Your payment would be immediate, safe, cheap, and potentially semi-anonymous. And central banks would retain a sure footing in payments. In addition, they would offer a more level playing field for competition, and a platform for innovation. Meanwhile your bank or fellow entrepreneurs would have ensured a friendly user experience based on the latest technologies,. “Putting it another way. The central bank focuses on its comparative advantage – back-end settlement – and financial institutions and start-ups are free to focus on what they do best – client interface and innovation. This is public-private partnership at its best.”

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Because Bezos is barely scraping by. Everywhere you look, Amazon gets rewarded for destroying communities.

Amazon’s ‘HQ2’ Headquarters Will Cost US Taxpayers $2 Billion (R.)

Amazon.com picked America’s financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C. The world’s largest online retailer plans to spend $5 billion on the two new developments in Long Island City and Arlington, Virginia, and expects to get more than $2 billion in tax credits and incentives with plans to apply for more. The prize, which Amazon called HQ2, attracted hundreds of proposals from across North America in a year-long bidding war that garnered widespread publicity for the company. Amazon ended the frenzy by dividing the spoils between the two most powerful East Coast U.S. cities and offering a consolation prize of a 5,000-person center in Nashville, Tennessee, focused on technology and management for retail operations.

[..] At the outset of its search last year, Amazon said it was looking for a business-friendly environment. The company said it will receive performance-based incentives of $1.525 billion from the state of New York, including an average $48,000 for each job it creates. It can also apply for other tax incentives, such as New York City’s Relocation and Employment Assistance Program that offers tax breaks potentially worth $900 million over 12 years. What benefit the company would actually get was unclear. In Virginia, Amazon will receive performance-based incentives of $573 million, including an average $22,000 for each job it creates. These rewards come on top of $1.6 billion in subsidies Amazon has received across the United States since 2000, according to a database from watchdog Good Jobs First.

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“We don’t have any defense that could deny the employment of such a weapon against us.”

Decoding The Hypersonic Putin On A Day Of Remembrance (Escobar)

A battle of ideas now rages across Europe, epitomized by the clash between the globalist Macron and populism icon Matteo Salvini, the Italian interior minister. Salvini abhors the Brussels system. Macron is stepping up his defense of a “sovereign Europe.” And much to the horror of the US establishment, Macron proposes a real “European army” capable of autonomous self-defense side by side with a “real security dialogue with Russia.” Yet all these “strategic autonomy” ideals collapse when you must share the stage, live, with the undisputed stars of the global show: President Donald Trump and President Vladimir Putin.

So the optics in Paris were not exactly of a Yalta 2.0 conference. There were no holds barred to keep Trump and Putin apart. Seating arrangements featured, from left to right, Trump, Chancellor Angela Merkel, Macron, his wife Brigitte and Putin. Neither Trump nor Putin, for different reasons, took part in a “walking in the rain” stunt evoking peace. And yet they connected. Sir Peter Cosgrove, the governor general of Australia, confirmed that Trump and Putin, at a working lunch, had a “lively and friendly” conversation for at least half an hour. No one better than Putin himself to reveal, even indirectly, what they really talked about. Three themes are absolutely key.

[..] Vast sectors of the US Deep State are in denial, but Putin may have been able to impress on Trump the necessity of serious dialogue due to an absolutely key vector: the Avangard. The Avangard is a Russian hypersonic glide vehicle capable of flying over Mach 20 – 24,700km/h, or 4 miles per second – and one of the game-changing Russian weapons Putin announced at his ground-breaking March 1 speech. The Avangard has been in the production assembly line since the summer of 2018, and is due to become operational in the southern Urals by the end of next year or early 2019.

In the near future, the Avangard may be launched by the formidable Sarmat RS-28 intercontinental ballistic missile and reach Washington in a mere 15 minutes, flying in a cloud of plasma “like a meteorite” – even if the launch is from Russian territory. Serial production of Sarmat ICBMs starts in 2021. The Avangard simply cannot be intercepted by any existing system on the planet – and the US knows it. Here is General John Hyten, head of US Strategic Command: “We don’t have any defense that could deny the employment of such a weapon against us.”

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“This is one of the scariest speeches I have heard as an MEP in my nine years. Merkel is an out-and-out European federalist and we should not be pandering to her as if she is on our side. She is on the side of the superstate.”

Angela Merkel Calls For Creation Of ‘Real, True’ EU Army (Ind.)

Angela Merkel has called for the creation of a “real, true” European army, echoing a similar call by her French counterpart. The German chancellor’s backing for the force comes amid a spat with US president Donald Trump, who took offence to a suggestion by Emmanuel Macron that such an army could ensure Europe’s security in the shadow of the United States. Ms Merkel endorsed the creation of the army while addressing MEPs at the European parliament in Strasbourg. “We should work on a vision of one day establishing a real, true European army,” Ms Merkel said. The French president made his call during a radio interview last week: “We have to protect ourselves with respect to China, Russia and even the United States of America.

“We will not protect the Europeans unless we decide to have a true European army.” He added: “When I see President Trump announcing that he’s quitting a major disarmament treaty which was formed after the 1980s Euro-missile crisis that hit Europe, who is the main victim? Europe and its security.” [..] Ms Merkel’s intervention is significant because France has historically been the strongest and most vocal proponent of an EU army, with its neighbour tentatively endorsing proposals for a joint command structure for military interventions. Eurosceptics reacted angrily to the speech. Conservative MEP David Campbell Bannerman said: “This is one of the scariest speeches I have heard as an MEP in my nine years. Merkel is an out-and-out European federalist and we should not be pandering to her as if she is on our side. She is on the side of the superstate.”

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Bone saw was a local purchase. As was the acid.

Saudi ‘Kill Team’s’ Luggage Contained Syringes, Defibrillators, Scissors (AFP)

Luggage carried by a 15-member Saudi team dispatched to Istanbul included scissors, defibrillators and syringes that may have been used against journalist Jamal Khashoggi, who was murdered in the Saudi consulate, a pro-government Turkish daily said Tuesday. X-ray images of the luggage were published in the Sabah newspaper as the New York Times reported that a member of the team at the consulate had told a superior by phone to “tell your boss”, suspected to be Crown Prince Mohammed bin Salman, that the operation was accomplished. Turkish media has published gruesome details of the murder of 59-year-old Khashoggi who according to a Turkish prosecutor was strangled and dismembered soon after he entered the Istanbul consulate on October 2.

After repeated denials, Saudi Arabia finally admitted Khashoggi, a Washington Post columnist and Riyadh critic, had been murdered at the mission in a “rogue” operation. Turkish President Recep Tayyip Erdogan has said the 15-member Saudi team travelled from Riyadh to Istanbul to kill Khashoggi. The luggage carried by the team was loaded into two planes that left for Riyadh at 1520 GMT and 1946 GMT on October 2, Sabah newspaper said. The luggage contained 10 phones, five walkie-talkies, intercoms, two syringes, two defibrillators, a jamming device, staplers, and scissors, the paper reported. [..] Khashoggi’s body has never been found, but Sabah reported on Saturday that his killers poured his remains down the drain after dissolving them in acid.

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“..with the false narrative that my mouth was merely a receptacle for a powerful man’s desire”

Who Gets to Live in Victimville? (Monics Lewinsky)

The process of this docuseries led me to new rooms of shame that I still needed to explore, and delivered me to Grief’s doorstep. Grief for the pain I caused others. Grief for the broken young woman I had been before and during my time in D.C., and the shame I still felt around that. Grief for having been betrayed first by someone I thought was my friend, and then by a man I thought had cared for me. Grief for the years and years lost, being seen only as “That Woman”—saddled, as a young woman, with the false narrative that my mouth was merely a receptacle for a powerful man’s desire. (You can imagine how those constructs impacted my personal and professional life.)

Grief for a relationship that had no normal closure, and instead was slowly dismantled by two decades of Bill Clinton’s behavior that eventually (eventually!) helped me understand how, at 22, I took the small, narrow sliver of the man I knew and mistook it for the whole. The process became meta. As the project re-examined the narratives, both personal and political, surrounding the events of 1998, so did I. I revisited then-President Bill Clinton’s famous finger-wagging Oval Office interview from early 1998, in which I was anointed “That Woman,” and was transported to my apartment in the Watergate apartment complex.

Sitting on the edge of my grandma’s bed and watching it unfold on TV, 24-year-old me was scared and hurt, but also happy that he was denying our relationship, because I didn’t want him to have to resign. (“I didn’t want to be responsible for that,” I thought at the time, absolving anyone else of responsibility.) Forty-five-year-old me sees that footage very differently. I see a sports coach signposting the playbook for the big game. Instead of backing down amid the swirling scandal and telling the truth, Bill instead threw down the gauntlet that day in the Oval Office: “I did not have sexual relations with that woman, Miss Lewinsky.” With that, the demonization of Monica Lewinsky began. As it so often does, power throws a protective cape around the shoulders of the man, and he dictates the spin by denigrating the less powerful woman.

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Just like alcohol and cocaine do.

Social Media Increases Depression And Loneliness (TI)

Ever since sites like Facebook and Instagram became part of daily life, scientists have wondered whether they contribute to mental health problems. In fact, research has hinted at a connection between social media use and depression for several years. A new study, published in the Journal of Social and Clinical Psychology, has added more evidence to the theory. [..] “Here’s the bottom line,” said Melissa G. Hunt, a psychologist at the University of Pennsylvania and lead author of the study. “Using less social media than you normally would leads to significant decreases in both depression and loneliness. These effects are particularly pronounced for folks who were more depressed when they came into the study.”

She added 18-to-22-year-olds shouldn’t stop using social media altogether, but cutting down might be beneficial. “It is a little ironic that reducing your use of social media actually makes you feel less lonely,” she said. “Some of the existing literature on social media suggests there’s an enormous amount of social comparison that happens. When you look at other people’s lives, particularly on Instagram, it’s easy to conclude that everyone else’s life is cooler or better than yours.”

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Mammals too. Semen is temperature sensitive.

Heatwaves Can ‘Wipe Out’ Male Insect Fertility (G.)

Heatwaves severely damage the fertility of male beetles and consecutive hot spells leave them virtually sterilised, according to research. Global warming is making heatwaves more common and wildlife is being annihilated, and the study may reveal a way in which these two trends are linked. The scientists behind the findings said there could also be some relevance for humans: the sperm counts of western men have halved in the last 40 years. Researchers studied beetles because their 400,000 species represent about a quarter of all known species. Insect populations are plunging worldwide as temperatures rise, falling by about 80% in 30 years in Puerto Rico’s rainforest and by 75% in German nature reserves.

Insects are such an integral part of life, as pollinators and prey, that scientists say their decline could lead to “ecological Armageddon”. Little is known about the precise causes of the decline, though climate change, habitat destruction and global use of pesticides are considered probable factors. The research, published in the Nature Communications journal, found that exposing beetles to a five-day heatwave in the laboratory reduced sperm production by three-quarters; females were unaffected. “Beetles are thought to constitute a quarter of biodiversity, so these results are very important for understanding how species react to climate change,” said Kris Sales, at the University of East Anglia, who led the work.

Other research has shown that heat can damage male reproduction in humans as well as cows, sheep and other mammals. “There could be relevance for human fertility,” said Prof Matt Gage, co-leader of the UEA research group. “The paradox is that one of the reasons the climate is warming up and we are having more heatwaves is there are too many humans. So maybe this is a leveller.” Stuart Wigby, of the University of Oxford, who was not involved in the study, said: “Given what we already know about the generality of the sensitivity of sperm to heat, there is every reason to expect that similar effects would be seen in other insects and also in mammals including humans.”

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