Dec 282023
 


Edward Hopper Funnel of Trawler 1924

 

 

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

 

 

Andrew Korybko:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

 

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

Oct 302023
 
 October 30, 2023  Posted by at 8:50 am Finance Tagged with: , , , , , , ,  43 Responses »


William Blake Europe Supported by Africa and America 1796

 

Leaked: Israeli Plan To Ethnically Cleanse Gaza (Cradle)
Israel Faces ‘Near Impossible Task’ in Gaza (Scott Ritter)
Netanyahu Strengthened Hamas to Discredit Palestinian Cause (Sp.)
2 Billion Will Die in New War Cycle – Charles Nenner (USAW)
India’s Solidarity With Israel Is Untenable (Bhadrakumar)
Israel Scaled Back Gaza Ground Campaign After US Intervention – NYT (RT)
EU May Become Complicit In ‘Genocide’ – Spanish Official (RT)
EU No Longer Independent In Politics Even In Europe – Medvedev (TASS)
Western Media ‘Cancel’ the Ukraine Conflict (SCF)
Trump’s ex-Russia Expert Predicts Big Changes In ‘International Order’ (RT)
Israel-Hamas War A Conflict Between ‘Civilization And Savagery’ – Trump (RT)
US Judge Reinstates Gag Order on Trump in Federal Election Case (Sp.)
Jack Smith Quietly Withdraws Second Subpoena in Trump Probe (GP)
China’s Local Governments Are Out Of Money (SCMP)

 

 

 

 

PCR

 

 

 

 

 

 

Trump

 

 

Bibi NL

 

 

 

 

“..the ten-page document is authentic but “was not supposed to reach the media..”

Leaked: Israeli Plan To Ethnically Cleanse Gaza (Cradle)

Israeli culture magazine Mekovit published on 28 October a leaked document issued by Israel’s Ministry of Intelligence recommending the occupation of Gaza and total transfer of its 2.3 million inhabitants to Egypt’s Sinai Peninsula. The document, issued on 13 October, identifies a plan to transfer all residents of the Gaza Strip to North Sinai as the preferred option among three alternatives regarding the future of the Palestinians in Gaza at the end of the current war between Israel and the Hamas-led Palestinian resistance. The document recommends that Israel evacuate the Gazan population to Sinai during the war, establish tent cities and new cities in northern Sinai to accommodate the deported population, and then create a closed security zone stretching several kilometers inside Egypt. The deported Palestinians would not be allowed to return to any areas near the Israeli border.

The existence of the document does not necessarily indicate that its recommendations are being implemented by Israel’s security establishment. The Ministry of Intelligence, headed by Gila Gamliel of the Likud party, does not control any of Israel’s intelligence agencies, but independently prepares studies and policy papers, which are distributed for consideration by the government and its security bodies. However, recent statements by Israeli government officials and actions by the Israeli army in Gaza suggest the plan is indeed being implemented. Since 7 October, Israeli officials have repeatedly issued warnings to Palestinians to move to southern Gaza in advance of a looming ground invasion. Israel has imposed a total siege on Gaza, cutting off food, water, fuel, and electricity. The siege, combined with intense Israeli bombing that has killed over 8,000 Palestinians, the majority women and children, threatens to make Gaza uninhabitable.

An official at the Ministry of Intelligence confirmed that the ten-page document is authentic but “was not supposed to reach the media,” Mekovit noted. According to a right-wing activist, the document from the Ministry of Intelligence was leaked by a member of Likud. Leaking the document was an attempt to find out whether “the public in Israel is ready to accept ideas of a transfer from Gaza.” The document unequivocally and explicitly recommends carrying out a transfer of civilians from Gaza as the desired outcome of the war.

Read more …

“..it is highly likely that Hamas will be able to hold off a concerted Israeli assault..”

Israel Faces ‘Near Impossible Task’ in Gaza (Scott Ritter)

If one combined the above ground rubble of Monte Casino with the below-ground tunnel network of Iwo Jima, you might approximate the hellish scenario awaiting Israel in Gaza. Over 500 kilometers of tunnels dug in under the 360 square kilometers that comprise the Gaza Strip, these tunnels are purpose built, designed to serve as transportation corridors, command centers, supply depots, dormitories and hospitals, defensive positions, and in support of offensive action. Simply put, there has never been a military operation against a target such as the one presented by Hamas in Gaza. Israel has trained a small number of its elite special forces to carry out limited-scope operations in an underground environment.

These operations, typically involving hostage rescue or direct action (i.e., eliminating a high value target), are conducted under very controlled circumstances, with the attacking forces proceeding only when the circumstances support a favorable outcome. As such, the experiences of these troops are counterproductive when it comes to transferring knowledge to the conventional forces that would bear the brunt of any Israeli assault on Gaza. Simply trying to navigate the rubble-strewn streets of Gaza will be a nearly impossible task for the Israeli troops. The going will be slow, and the Israeli infantry will have to operate dismounted, exposing themselves to sniper fire and ambushes. Israeli vehicles will find themselves hemmed in without the ability to maneuver, making themselves vulnerable to mines, improvised explosive devices, and anti-tank weaponry. Close air support under these circumstances will be very difficult, effectively neutralizing Israel’s greatest advantage.

If Israel does not sync its above-ground actions with a simultaneous effort to defeat Hamas’ underground tunnel-based defenses, then the situation above ground will become even more precarious, with Hamas emerging from tunnels behind the Israeli forces, cutting them off and inflicting heavy casualties. But Israel is going to be operating largely blind underground, probing into a tunnel network designed by Hamas to protect against any such effort. Israel’s best bet would be to simply locate tunnel entrances and seal them off, leaving the Hamas forces underground to die of thirst, hunger, oxygen deprivation, or disease. But this will require the physical occupation of every square meter of the city, an immensely difficult problem from both a logistical and operational standpoint. It will also expose more Israeli forces to harm, resulting in a dramatic increase in casualties.

By reacting to the Hamas attack of October 7 in the way it has, Israel has literally walked into a trap designed by Hamas to defeat any Israeli incursion. Israeli forces are neither trained, equipped, organized, nor motivated to carry out the kind of brutal, bloody, and physically demanding combat that will be required to defeat Hamas above and below the ground in Gaza. Israeli political and military leaders have boxed themselves into a corner with their aggressive winner-take-all rhetoric. But now that the time has come to pay the price of their collective verbiage, the question becomes is this a price Israel is willing and able to pay?

The answer is probably no. Israel has defined victory as being predicated on the total defeat of Hamas as a military organization. This is most probably a mission impossible. Hamas, therefore, emerges victorious simply by surviving. Given the strong defensive position Hamas finds itself in, through a combination of its immense tunnel network and the destroyed urban environment brought on by Israeli bombardment, it is highly likely that Hamas will be able to hold off a concerted Israeli assault until which time the Israel Defense Forces, like the German Pioneer battalions in Stalingrad, exhaust themselves on the field of battle.

Read more …

“Netanyahu and Hamas are political partners,” declared a recent article in the Israeli newspaper Haaretz, “and both sides have fulfilled their side of the bargain.”

Netanyahu Strengthened Hamas to Discredit Palestinian Cause (Sp.)

In contrast to the secular Fatah and PFLP, Hamas is an explicitly Islamist group. The political party began to gain support in Palestinian society for their provision of social services and leadership of armed resistance. However, international support for the Palestinian cause was damaged as the United States, the UK, and other Western powers designated Hamas as a terrorist organization, a label that increasingly stigmatized supporters of Palestinian liberation, especially after the September 11, 2001 terrorist attacks. The deeply polarizing nature of Hamas and their tactics began to be recognized as politically useful by certain enterprising figures in Israeli politics. “Netanyahu and Hamas are political partners,” declared a recent article in the Israeli newspaper Haaretz, “and both sides have fulfilled their side of the bargain.”

The article goes on to document some of the ways Netanyahu has materially supported the armed group during his over 16 years as Israeli prime minister, including allowing untraceable cash contributions to Hamas from Iran and Qatar. In the latter country, Hamas’ leader Ismail Haniyeh is allowed to operate freely. Israel tightly controls who and what is allowed to enter into Gaza, but the Qatari envoy is permitted to arrive with suitcases of cash to fund Hamas’ operations. The Israeli government often argues Hamas invests money in building military capability rather than providing social services in Gaza. The free flow of funds to the group, overseen and approved by Israel’s hands-off approach, ensures that this continues.

Netanyahu retains his useful talking point demonizing the terrorist threat while Hamas periodically rebuilds its capability to wage war, providing justification for Netanyahu’s hardline approach. “Netanyahu is the one who turned Hamas from a terror organization with few resources into a semi-state body,” noted Haaretz, emphasizing that the group’s rule in Gaza politically isolates Palestinians in the enclave from those in the West Bank. In case the politically symbiotic relationship weren’t clear, Netanyahu made it explicit during a meeting with members of his Likud party in 2019: “Anyone who wants to thwart the establishment of a Palestinian state has to support the bolstering of Hamas and transferring money to Hamas. This is part of our strategy, to isolate the Palestinians in Gaza from the Palestinians in the West Bank.”

Read more …

“.. I don’t know how many of them are in there already. They are catching Iranians on a terror list. How did Iranians get to Mexico?“

2 Billion Will Die in New War Cycle – Charles Nenner (USAW)

Renowned geopolitical and financial cycle expert Charles Nenner has been warning a once every 120-year war cycle is coming, and with hostilities in the Middle East, it is clearly here. This cycle is for big wars such as WWI and WWII. These two wars were part of one big war cycle according to Nenner, and history is now repeating. Keep in mind, this war cycle comes with many countries in possession of nuclear arsenals. Nenner explains, “If you do cycles on war games and war cycles, you can calculate how many people are going to die in such a war. We discussed this in the past, and it now looks ugly. We are talking about a lot of people. There are so many things bad going on in the world, so I would like to not to tell you the number.”

Nenner has said this war cycle will top all other war cycles in body counts. Nenner predicts, “This war cycle is going to be worse than World War II. So, the question is what do we do and where do we go? A lot of my clients are not interested in ‘how do I make money,’ but where should we go. So, I am studying where are the best places to go. This is what I am trying to find out, and I have been very busy with this.” Back to the death toll that Nenner knows is coming. So, I ask again, how many people will die in the current war cycle? Nenner blurts out, “It could be a quarter of the population of the world.” That’s roughly 2 billion people that could be killed in the current war cycle. Nenner goes on to say, “This may not be in the next war because this is going to continue for many years. It could be in the war after this.

What I see now is the Chinese going to the Middle East and the United States helping Israel because if they don’t do that, nobody would trust the United States anymore. I guess the Chinese are going to watch how tough the United States is going to be because, otherwise, they take over Tiawan just like that. They may still do it because everybody is busy with Ukraine and Israel. . . . The U.S. is going to have to prove themselves, otherwise, they will be laughed off the world.” Nenner also sees a war cycle coming to America through the Southern U.S. border. America will be attacked like never before in this war cycle. Nenner says, “There will be terror attacks in the U.S. and maybe much more because I don’t know how many of them are in there already. They are catching Iranians on a terror list. How did Iranians get to Mexico?”

Nenner thinks the dollar is stable–for now. Interest rates are going to continue to climb but will take a short downward path in the near term. Inflation is going to be going back up soon. Nenner is not a long-term buyer of stocks, and he still thinks the Dow’s downside is 5,000 and global war could take it there in a hurry. The greatest depression in history is still a few years away, but Nenner is 100% sure it is coming. Nenner’s cycles say it will most likely happen in the 2027-2028 time period. Nenner does like gold and silver and thinks gold will be well over $2,500 per ounce within a year and a half. Nenner’s best financial advice is “buy the 2-year Treasury,” and lock in a 5% return with zero risk.

Read more …

“..Qatar and Israel had once collaborated since the mid-nineties to prop up Hamas as an Islamist antidote to the secular-minded PLO..”

India’s Solidarity With Israel Is Untenable (Bhadrakumar)

The Indo-Israeli fusion through the past decade hasn’t gone unnoticed in the Muslim countries. They resent it, perhaps, but it may not surge into view because Arabs are a hospitable people. That said, their resentment may surface if push comes to shove and their core interests are involved. The US-Israeli attempt to put the lid on the region’s growing strategic autonomy is one such core issue. It is far from the case that the regional states — be it Qatar, Iran, Egypt, Syria or even Turkey — do not understand that the Biden administration’s grandiloquent idea of a India-Middle East-Europe Economic Corridor is in reality a wedge to disrupt the nascent trends of unity among regional states so as to insert Israel into the regional processes and rekindle the flame of sectarian schism and geopolitical rifts, which the US invariably exploited to impose its hegemony in West Asia historically.

That is why, the three-way Qatar-India-Israel tangled mess of espionage, which should never have been allowed to happen, becomes a litmus test of mutual intentions in the geopolitics of the region. Lest it is forgotten, Qatar and Israel had once collaborated since the mid-nineties to prop up Hamas as an Islamist antidote to the secular-minded PLO under Yasser Arafat. In a recent interview with the Deutsche Welle, former Israeli Prime minister Ehud Olmert disclosed, inter alia, “We know that the Hamas was financed with the assistance of Israel— for years — by hundreds of millions of dollars that came from Qatar with the assistance of the state of Israel, with the full knowledge and support of the Israeli government led by Netanyahu.” That convergence — rather, Fustian deal — ended in 2009 following the three-week Gaza Massacre by Israel, whereupon, Doha drew closer to Tehran.

Nonetheless, a pragmatic relationship continued, and in 2015, the Qatari government facilitated discussions between Israel and Hamas in Doha in search of a possible five-year ceasefire between the two parties. Suffice to say, the Indian diplomacy is swimming in shark-infested waters. The news from Doha this week is a wake-up call. Equally, our public discourse on Hamas as a terrorist organisation and our branding of that national liberation movement is surreal, to say the least. Although it may be difficult today for the government to openly deal with Hamas, it shouldn’t be that we lack a proper understanding of Islamism. If ever a Palestine settlement comes to fruition, Hamas will have a lead role in it as the fountainhead of resistance. India’s political elite must bear in mind this reality. Eliminating the Hamas from the political landscape is no longer possible, given the massive grassroots support it enjoys among the Palestinian people, which is of course a proven fact in the successive elections held in Gaza and West Bank.

Read more …

The US makes the decisions.

Israel Scaled Back Gaza Ground Campaign After US Intervention – NYT (RT)

The Israeli military has limited the scope of its “expanded” ground operation against the Palestinian armed group Hamas in Gaza following consultations with senior White House officials, the New York Times reported on Saturday, citing sources. According to the paper, the initial plans “alarmed” officials in Washington, who voiced concern that they “lacked achievable military objectives,” with fears that the IDF was not yet prepared for a full-scale ground assault. However, an unnamed US government source told NYT that after discussions with Defense Secretary Lloyd Austin and other officials “the Israelis improved and refined their plan” for the offensive. As a result, the report said, the IDF’s actions in Gaza have so far been “smaller and more narrowly focused” than Israeli officials initially proposed to their US counterparts.

Numerous US officials and former commanders told the outlet that “Israel appeared to be conducting a phased operation” with reconnaissance units probing Hamas positions in Gaza for potential weaknesses. According to the article, however, Israel’s decision-making process was also influenced by deliberations concerning hostages held by Hamas, as well as by a rift in the country’s leadership over how, when, and even whether to kick off the operation. Commenting on the progress of the battle, IDF spokesperson Rear Admiral Daniel Hagari said Sunday that the country’s military had “expanded the entry” into the Palestinian enclave overnight. “We are progressing through the stages of the war according to plan,” he said, adding that the IDF is “gradually expanding the ground activity and the scope of our forces” in the area.

Earlier this month, several media outlets reported the US was exerting strong influence on Israel’s plans, with Bloomberg describing it as “deeper and more intense than any exerted by Washington in the past.” Several outlets said the US also wanted the IDF to delay its incursion to gain more time to secure the release of more than 200 hostages held by Hamas. US President Joe Biden, however, rejected the notion that Washington was pressuring Israel to postpone the ground campaign, saying that “the Israelis can make their own decisions.” So far, the hostilities have claimed the lives of more than 8,000 Palestinians and 1,400 Israelis. After West Jerusalem announced the “complete siege” of Gaza, the UN warned on Wednesday that the humanitarian crisis in the Palestinian enclave had reached an “unprecedented point.”

Read more …

“Israel believes that its international alliances guarantee its impunity.”

EU May Become Complicit In ‘Genocide’ – Spanish Official (RT)

Spanish Social Rights Minister Ione Belarra has urged European leaders to take immediate action against Israel, including severing diplomatic ties and imposing economic sanctions, amid the intensified bombing and expanded ground operations against Hamas militants in the besieged Palestinian enclave. She also called for Israel’s Prime Minister Benjamin Netanyahu to be prosecuted for the alleged war crimes committed against civilians in Gaza. “After this hellish night in Gaza, I have a very simple but very important message for European leaders. Do not make us complicit in genocide. Act. Not in our name,” Belarra said in a passionate video message on X (formerly Twitter) on Saturday.

More than 8,000 Palestinians, including 3,342 children, have been killed in Gaza since Israel’s air campaign began, according to the latest figures from the Gaza Health Ministry. The unprecedented Hamas raid into Israel, as well as hundreds of rocket strikes on Israeli territory earlier this month, left around 1,400 people dead, while some 230 Israelis and foreigners were taken hostage, according to the Israel Defence Forces. Addressing the severity of the current situation in Gaza and Israel’s disproportionate retaliation, the minister highlighted the termination of internet and telephone services in the strip, claiming that the move “has a very clear objective” of guaranteeing that “Israel commits crimes against humanity without consequences.” “Our inaction is turning us into accomplices,” the minister stressed, arguing that “Israel believes that its international alliances guarantee its impunity.”

“We have to act now, tomorrow will be too late,” she continued, voicing her message to the EU leaders: “Cut diplomatic relations with the State of Israel. Carry out exemplary economic sanctions against those responsible for this genocide. And without a doubt, let’s take Netanyahu before the International Criminal Court, so that he can be tried for what he is, a war criminal.” She also appealed to EU citizens to take to the streets and raise their voice so that “this genocide” comes to an end. The IDF escalated air and ground attack on Gaza on Friday, causing a near-total communication blackout. Connectivity was partially restored over the weekend, but the Israeli blockade of Gaza continues; Netanyahu announced the “second stage” of the war against Hamas on Saturday.

Read more …

“..Let them console themselves with the thought that they are no longer dependent on energy from hated Russia..s”

EU No Longer Independent In Politics Even In Europe – Medvedev (TASS)

The European Union has lost its geopolitical autonomy not only in the international arena but even in Europe, Deputy Chairman of the Russian Security Council Dmitry Medvedev said. “Whatever European leaders might be saying, de facto the European Union cannot act independently not only in the international arena but even on the European soil. Practically all EU countries are standing upright before the United States and Great Britain and have begun to obediently fulfil their orders to support the Nazi regime in Kiev. And now they are fulfilling any orders whatsoever,” he wrote on his VKontakte account. According to Medvedev, dreams about the European Union as a pillar of the world order have vanished as the European Union “has lost its international authority of a mediator in any conflict.”.

Europe’s energy cooperation with Russia has been frozen for a long time and now the European Union is living through difficult time, Medvedev said. “Europe has gelded itself, bloodily and unanesthetized, having refused from energy cooperation with our country. It has been spoiled or frozen for a very long time. And America is rubbing its hands as it sells its LNG to Europe three times over the price,” he wrote. He noted that Europe’s largest economies, which used to be the European Union’s growth drivers for years, have demonstrated a dramatic slump and would recover very slowly, if ever. “And this is a bad outlook for weaker countries of Western Europe. Difficult times have come for a long time,” he wrote.

He drew attention to the fact that the European Commission has downgraded the economic growth forecasts for the euro zone in 2023 from 1.1% to 0.8%. “Inflation in many EU countries is off the charts. Food prices are going up and will continue to do so,” he noted. Touching on other aspects of everyday life in Europe, he noted that no one can guarantee that the coming winter will be warm and mild. “And this means that tariffs for heat and all other things will go up. And American LNG, which is sold to Europe thrice the price, will be of little help. Europe has finally dropped the price policy which ensured Europe’s prosperity a couple of year ago. This time has gone. Let them console themselves with the thought that they are no longer dependent on energy from hated Russia,” he added.

Read more …

“..and then just like that there is a void in any attention to what had been previously billed as an existential crisis for Europe and Western democratic civilization…

Western Media ‘Cancel’ the Ukraine Conflict (SCF)

Every media outlet around the world has been transfixed by the barbarity, albeit differing in their perspective on how much blame to apportion to the Israeli regime or to the Hamas Palestinian militant group that triggered the escalation in violence with its mass killings of 1,400 Israelis on October 7. (It is now becoming clear that many of those deaths were actually caused by the Israeli military using indiscriminate excessive lethal force.) In any case, the point here is how remarkable is the sudden cessation in Western media coverage of the war in Ukraine. For the past three weeks, there has hardly been any mention of that conflict. This peremptory absence is phenomenal. For months on end, the war in Ukraine was given non-stop, saturation coverage – albeit with an anti-Russian propaganda spin – and then just like that there is a void in any attention to what had been previously billed as an existential crisis for Europe and Western democratic civilization.

It’s not as if the hostilities in Ukraine have really diminished. Far from it, the battling between the NATO-backed Kiev regime forces and the Russian military has been as fierce as in previous months. Over the past week alone, it is estimated that more than 2,000 Ukrainian troops were killed by Russian forces on the frontlines in the Donetsk, Kherson and Zaporozhye regions. How is that absence in Western media explained? Part of the “cancelling” of the Ukraine conflict in Western media coverage is due to the failure of the NATO-backed counteroffensive that was launched in early June. That military venture was hyped as the expected breakthrough against Russian forces after months of heavy weapons supply from NATO leading up to the counteroffensive. The gambit has been a disastrous anti-climax in NATO terms.

Up to 90,000 Ukrainian soldiers have been lost in four months adding to a total of 400,000 Ukrainian military deaths over the entire conflict so far. The great NATO surge has been an abject calamity. Russian defense lines all along a swathe of former Eastern Ukrainian territory (now part of the Russian Federation) reaching down to Crimea and the Black Sea remain formidably intact and invulnerable. The expenditure of $200 billion in military and other aid by the United States and the European Union for propping up a corrupt Nazi regime in Kiev can now be seen as the biggest farce and scandal of modern times. The Western governments and their servile media must therefore not let the Western public see this grotesque waste of money and human life. Public attention must somehow be diverted to avoid the resounding political repercussions.

The slaughter of Palestinians going on in Gaza and the Occupied West Bank territory is a global shame that certainly deserves priority attention. A ceasefire must be called immediately and the mass murder and siege must end. Palestinian rights must be defended and a proper peace settlement to the conflict must be pursued urgently in a genuinely brokered legal and diplomatic framework – not the disingenuous process that Washington and the European Union have been peddling for decades. However, even the extensive Western media focus on the violence in Gaza is not out of a genuine concern for facts, let alone truth or justice. It is, as usual, a cover-up for the Israeli regime’s crimes and the complicity of Western states in the decades-long genocide against the Palestinians. A genocide that has going on for 75 years since the creation of the Israeli state in 1948 by British and American subterfuge as our columnist Finian Cunningham contended this week. No, the Western media saturation coverage of terrible events in Gaza over the past three weeks is driven in large part by the onerous need to divert attention from the scandal and debacle of NATO’s proxy war in Ukraine.

The quickness and expedience of canceling Ukraine as a story by Western media and their governments is a powerful demonstration. The purported concerns about Ukraine were never about principle or the alleged narrative of defending democracy. If there was any credible substance to that narrative then how is it dispensed with so readily? It is something to behold how Western media have simply dumped Ukraine as if it were damaged goods of no longer any use, or, worse, a soiled rag. It is a further diabolical tragedy in the long-suffering of the Palestinian people. Not only are they being annihilated, starved and denied their basic human rights by the Western-backed Israeli regime. Their suffering is also poignant proof of the callous deception and criminality of the United States and its Western partners in Ukraine.

Read more …

mamamamamamama My Fiona

Trump’s ex-Russia Expert Predicts Big Changes In ‘International Order’ (RT)

Fiona Hill, the one-time Russia guru in US President Donald Trump’s administration, has posited that the ongoing conflicts in Ukraine and Israel portend seismic geopolitical shifts that Moscow sees working in its favor. “These could be global-system-shifting wars, something like World War I and World War II, which reflected and produced major changes in the international order,” Hill said in a Los Angeles Times interview published on Sunday. “In a sense, the Hamas attack on Israel was a kind of Pearl Harbor moment. It opened a second front.” The first front in today’s geopolitical conflagration was the Russia-Ukraine conflict. With the October 7 Hamas attacks on Israel triggering a new war in the Middle East, the situation became more complicated. Hill did not spell out how she sees the two conflicts changing the international order, but she said Russian President Vladimir Putin sees “everything trending in his favor.”

“This helps Putin,” Hill said of the Israel-Hamas war. “It’s going to distract the United States and European supporters of Ukraine.” Hill argued that the US and other Ukraine backers “put too much weight” on the foundering Ukrainian counteroffensive that began in June. “This is going to be a long war,” she said. “Putin thinks we will give up if he holds on long enough.” The Russian leader also is waiting for the 2024 US election, which could result in Washington cutting off aid for Ukraine if Trump wins back the presidency, Hill suggested. She added that the US presidential race is worrying for US allies: “If the rest of the world thinks every time a new government comes along, we are going to tear up agreements we just made, we won’t be looked at as a very reliable partner.”

Russia, China and Iran are aligned against Ukraine and against Israel, Hill said, and the conflicts have brought Beijing and Moscow closer together. US President Joe Biden’s administration should counter that troubling trend by mending ties with Chinese President Xi Jinping’s government, she suggested. “We’re not going to have any hope of curtailing Russia’s options and getting the Middle East to calm down if we have a super-antagonistic relationship with China,” she said. Hill, who testified against Trump during the then president’s 2019 impeachment inquiry, previously advised former Presidents George W. Bush and Barack Obama. Washington and its Western allies have been fighting World War III against Russia “for a long time,” without being aware of it, she said last month in a New Yorker magazine interview.

Read more …

“I’ll be implementing strong ideological screenings for all immigrants coming in..”

Israel-Hamas War A Conflict Between ‘Civilization And Savagery’ – Trump (RT)

Former US President Donald Trump has condemned Hamas as “monsters,” framing the Palestinian militant group’s war with Israel as a conflict between “good and evil” and vowing to rid America of immigrants and foreign students who sympathize with jihadists. Speaking on Saturday at the Republican Jewish Coalition summit in Las Vegas, Trump vowed to stop the “mass importation of anti-Semitism” into the US if he’s re-elected as president in 2024. He blamed Hamas for all of the deaths that have occurred on both sides – numbering over 1,400 in Israel and 8,000 in Gaza – since the group’s October 7 attacks on Israeli villages triggered the region’s latest war. “Every single life that is lost in this conflict is on the shoulders of Hamas, Hamas alone, and I think you have to really add in the word Iran…,” Trump said.

“There can be no sympathy, no excuses, and no escape for these monsters. We will do what has to be done.” The Hamas attacks, in which hundreds of Israeli civilians were killed or kidnapped, proved that the group’s conflict with West Jerusalem isn’t a battle between “equal sides,” Trump said. He added, “This is a fight between civilization and savagery, between decency and depravity, and between good and evil. There is no comparison between a group that worships death and a group that cherishes life and cherishes our nation.” Trump is polling as the leading Republican candidate to face his successor, President Joe Biden, in the 2024 election. He argued that in the wake of the Hamas attacks, Biden has “turned a blind eye to the greatest outbreak of anti-Semitism in American history.”

The ex-president lamented the “pro-jihadist” protests occurring in major US cities and on college campuses amid the Israel-Hamas war. He blamed Biden’s administration for letting in “colossal amounts of jihadists” as refugees or foreign students. “They’re letting them in at levels that nobody’s ever seen before,” he said. “We cannot allow that to happen, and we don’t want to be like Europe, with jihadists on every corner.” Trump promised to reimpose the travel ban that he instituted shortly after taking office as president in 2017, which restricted entry to the US by travelers from seven predominantly Muslim countries. He also claimed that he would deport foreign nationals who protested in support of Hamas and would ensure that jihadist sympathizers won’t be allowed to enter the US. “I’ll be implementing strong ideological screenings for all immigrants coming in,” Trump told the audience. “If you hate America, if you want to abolish Israel, if you sympathize with jihadists, then we don’t want you in our country, and you’re not going to be getting into our country.”

Pro-Hamas foreign students who joined the protests also will be targeted with cancellation of their study visas, Trump said. “Come 2025, we will find you, and we will deport you.” He also vowed to threaten colleges and universities with the loss of federal funding and academic accreditation if they don’t “purge” their campuses of “anti-Semitism and pro-terrorism.” Trump argued that the attacks on Israel wouldn’t have happened if he had been president, just as he previously claimed that he would have prevented the Russia-Ukraine conflict. “For four years, you didn’t have any of these problems,” he said. “Think of it, you wouldn’t have Ukraine, you wouldn’t have Israel being attacked, you wouldn’t have inflation, you wouldn’t have anything.”

Read more …

A travesty indeed.

US Judge Reinstates Gag Order on Trump in Federal Election Case (Sp.)

A federal judge overseeing former US President Donald Trump’s federal election subversion case has reinstated a gag order that had earlier been issued against the one-time commander-in-chief. The late Sunday ruling also saw US District Judge Tanya Chutkan deny a request by Trump lawyers to prolong the earlier gag order freeze, explaining it would instead remain active while it’s reviewed by a federal appeals court. Chutkan issued the gag order at the behest of the US Department of Justice before temporarily halting it on October 20 as Trump’s lawyers filed an appeal and argued it was vaguely worded. The matter has remained a heated topic of debate among lawyers, with representatives for the former president arguing it bars Trump from his First Amendment rights and acts as a hitch as he undertakes his 2024 reelection effort.

Prosecutors have underscored that regardless of Trump’s 2024 bid, he does not have clearance to issue public remarks that appear to threaten any individuals tied to the election interference case. Trump appears to have publicly responded to the development on social media, writing in a Truth Social post: “The Corrupt Biden Administration just took away my First Amendment Right To Free Speech. NOT CONSTITUTIONAL! MAKE AMERICA GREAT AGAIN.” The weekend decision now puts the former president under two gag orders that prevent him from discussing any aspects of his legal cases with the wider public. The second gag was implemented as part of Trump’s civil fraud trial in New York, which has so far prompted two fines to be issued over violations.

Read more …

“..and 6 other process crimes stemming from his conversations with his lawyer..” (?!)

Jack Smith Quietly Withdraws Second Subpoena in Trump Probe (GP)

Special Counsel Jack Smith quietly withdrew two subpoenas to Donald J. Trump for President Inc. and Save America within the last week. Jack Smith recently expanded his investigation into Trump’s effort to challenge the 2020 election and is focusing on Trump’s fundraising efforts. President Trump raised more than $250 million after the 2020 election to investigate rampant Democrat vote fraud. Jack Smith was investigating whether Trump defrauded investors when he raised money to investigate 2020 election fraud. The New York Times reported:

“Federal prosecutors have quietly withdrawn a subpoena seeking records from former President Donald J. Trump’s 2020 campaign as part of their investigation into whether Mr. Trump’s political and fund-raising operations committed any crimes as he sought to stay in power after he lost the election, according to two people familiar with the matter. The decision this week by the office of the special counsel, Jack Smith, to effectively kill the subpoena to the Trump campaign came on the heels of the withdrawal of a similar subpoena to Save America, the political action committee that was formed by Mr. Trump’s aides shortly after he lost the race in 2020. The rescission of the subpoenas to Donald J. Trump for President Inc. and Save America was an indication that Mr. Smith’s office was slowing down or even closing its monthslong inquiry into whether Mr. Trump’s political operation broke any laws by citing baseless claims of election fraud to raise money. The withdrawal of the subpoena to Save America was first reported last week by The Washington Post.”

Jack Smith indicted Trump on 37 federal counts in Miami in June. Trump was charged with 31 counts of willful retention of national defense information and 6 other process crimes stemming from his conversations with his lawyer. In August Jack Smith hit Trump with 3 additional charges in the investigation into classified documents stored at Mar-a-Lago. The superseding indictment, filed in the Southern District of Florida, claims Trump was part of a scheme to delete security footage from Mar-a-Lago. Last month Trump was hit with 4 counts in Jack Smith’s January 6 case up in DC: Conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against rights.

Read more …

“..the core is the fact that local governments are out of money. And the core reason for that is the downturn in the real estate market.”

China’s Local Governments Are Out Of Money (SCMP)

China’s top leaders are expected to gather in Beijing for a key financial conference this week, with debt risks and strengthening the supervision of the Communist Party set to be top of the agenda, sources familiar with the details said. The closed-door, two-day national financial work conference is scheduled to start on Monday, one source said. China’s top leaders, state executives, regulators and senior bankers have gathered every five years since 1997 for the conference focusing on financial policies and development. The last national financial work conference was held in 2017. “[The conference] will primarily focus on resolving debt. At the moment, the most important thing is to resolve the debt problems,” one of the sources said.

“Of which the core is the fact that local governments are out of money. And the core reason for that is the downturn in the real estate market.” Another source added that strengthening the leadership of the party, as well as financial discipline in the areas of local government debt, would be given emphasis at the conference. The prolonged downturn in the property market has triggered rising concerns over its impact on local government revenues and outlook for the world’s second-largest economy. In 2018, the central government demanded local authorities stop accumulating so-called hidden debts – informal channels of borrowing often through local government financing vehicles (LGFVs). LGFVs are hybrid entities that are both public and corporate and were created to skirt restrictions on local government borrowing and have proliferated since the global financial crisis in 2008.

However, LGFV debt level remains elevated, and the IMF estimated that their total debt had swollen to a record 66 trillion yuan (US$9 trillion) this year, more than double the 30.7 trillion yuan in 2017. “In the end, the central government may have to bail them out,” a second source said. “This is why relevant personnel in the financial sector have to be dealt with, to prevent new aid from being abused.” On Tuesday, Beijing approved the issuance of 1 trillion yuan (US$137 billion) of sovereign bonds, with the funds from the sale to be transferred to local governments to support reconstruction and improve disaster prevention and relief capabilities.

The new issuance, approved by the National People’s Congress, will raise the budget deficit ratio to about 3.8 per cent of GDP – well above the 3 per cent target set in March. “I think one key objective of the conference is to manage systemic risk. That is, to contain the risk from the property sector and the LGFVs, preventing such problems from causing systemic risks,” said Zhang Zhiwei, president and chief economist at Pinpoint Asset Management.

Read more …

 

 

 

 

Mad

 

 

 

 

Raup snails

 

 

SphereVegas

 

 

 

 

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

 

 

 

 

 

May 012023
 
 May 1, 2023  Posted by at 6:30 pm Finance Tagged with: , , , , , ,  5 Responses »


Edgar Degas Self Portrait 1862

Andrew Korybko:

 

The US is shaping the Asia-Pacific in preparation of a conventional conflict with China, to which end it unveiled the AUKUS alliance in late 2021. This platform is intended to form the core of a NATO-like military structure for containing the People’s Republic, and it’ll replace whatever related role American policymakers initially envisaged the Quad playing. This makes AUKUS extremely dangerous, especially as other regional countries tacitly expand their cooperation with its American leader.

South Korea’s recent decision to let US nuclear-armed submarines dock at its ports for the first time in decades, which was made during President Yoon’s trip to DC last week, signals its interest in de facto integrating into this anti-Chinese bloc. Nearby Japan can already be regarded as an informal member of that alliance after Prime Minister Kishida reaffirmed his country’s commitment to the US’ regional goals in January and implied that it’ll rapidly remilitarize in the coming future in order to contain China.

Taken together and paired with the recent Japanese-Korean rapprochement, it can therefore be concluded that the US has strengthened its alliance network in Northeast Asia in order to facilitate the region’s unofficial integration into AUKUS+. At the same time, it’s also doing something similar with the Philippines in Southeast Asia, whose president visits the US this week. He’s expected to also de facto integrate his country into AUKUS+ too exactly as his South Korean counterpart just did.

The Philippines’ northernmost core island of Luzon is much closer to Taiwan than the Japanese Home Islands are, thus making it an ideal staging post for any American military intervention in that Chinese province. Although President Marcos just denied that his country intends to facilitate anyone’s regional military plans, it was recently revealed that the four new bases that he agreed to let America use are located on that island, thus casting serious doubts on the sincerity of his claim.

Three other recent developments bode ill for peace in this part of Asia. CNN published a lengthy analysis in mid-April arguing that the US should maximally stockpile weapons in Taiwan in order to help its ally’s forces survive in the event that China blockades the island prior to launching a special operation there. Curiously, such resupply challenges were then confirmed a few days later during an anti-Chinese congressional committee’s wargame of precisely that scenario.

The second development concerned top EU diplomat Borrell’s suggestion that the bloc’s navies patrol the Taiwan Strait. This came just several weeks after NATO Secretary-General Stoltenberg declared that “We are now stepping up our cooperation with our partners in the Indo-Pacific: Japan, South Korea, New Zealand and Australia.” The indisputable trend is that the US’ European partners are poised to play a larger military role in the region, including a provocative one if they end up patrolling the Taiwan Strait.

And lastly, it was reported last weekend that US special forces carried out their first-ever drills simulating what they’d do if their country went to war with China over Taiwan, thus removing any so-called “strategic ambiguity” about how Washington would respond to that scenario. It can no longer claim any pretense to neutrality after literally preparing its most highly trained forces for infiltrating into Taiwan to kill whatever Chinese forces might eventually enter that island.

These three developments prove that the US is rounding up allies in both the Asia-Pacific and Europe ahead of a possible war with China, but there are two important players that either won’t participate in this plot or have yet to decide, with these being India and Indonesia respectively. The influential Council on Foreign Relations’ official magazine just published a piece about why India won’t get involved, while Indonesia is being pressured to allow American and Australian forces to transit through its territory.

Even without those two, the US’ emerging anti-Chinese containment coalition is still very formidable and represents its success in getting a multitude of countries to converge around AUKUS. South Korea will serve as an intelligence and missile outpost, Japan’s Ryukyu Islands and the Philippines’ Luzon are complementary staging points for facilitating a US intervention in Taiwan, and NATO will provide back-end support all across the region as well as possibly provoke China by patrolling the Taiwan Strait.

Amidst the solidification of the Asia-Pacific’s NATO-like military structure, the US and its allies will likely fill Taiwan to the brim with weapons exactly as CNN suggested and an anti-Chinese congressional committee curiously confirmed should be a top priority just a couple days later. These interconnected trends represent extremely pressing challenges for China’s objective national security interests, which are being threatened ever more by the day as it holds off on launching a special operation in Taiwan.

There are justifiable reasons for China’s stance, especially since its leadership would truly prefer to peacefully reunify with their country’s wayward region and thus want to completely exhaust all related possibilities before resorting to military means. This moral approach is predicated on their reluctance to be the first to initiate what would be a fratricidal conflict, which is commendable, but it comes at the expense of military interests in the event that a war over that island is inevitable.

No one knows whether it is or not, but the US is doing its utmost to be in the best position possible should that scenario unfold, which thus complicates China’s own position in that event. If the US feels that it’s obtained a decisive edge over China through the crystallization of AUKUS+ and upon maximally stockpiling weapons in Taiwan, then it might even seek to provoke a conflict that wargamers convinced themselves Beijing would lose, which is a frightening scenario that can’t be ruled out.

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

 

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

 

 

Apr 302023
 
 April 30, 2023  Posted by at 8:55 am Finance Tagged with: , , , , , , ,  46 Responses »


Mark Chagall I and the village 1911

 

Zelensky’s Top Adviser Threatens China With Economic Ruin (RT)
Poland’s Top General Has Some Unpopular Truths About The Ukraine Proxy War (ZB)
Medvedev Calls For ‘Complete’ Dismantling Of ‘Kiev Regime’ (RT)
Medvedev Sees No Point In Maintaining Diplomatic Relations With Poland (TASS)
Russian Next-Gen T-14 Tank Makes Ukraine Debut (ZH)
Merkel Says She Used Everything To Try To Prevent Conflict In Ukraine (TASS)
Europe Is Buying Record Amounts Of Refined Russian Fuels Through India
Morocco Supplies Spain With Russian Diesel – El Mundo (RT)
US Troops Drill For Taiwan War – Media (RT)
Kiev Decries EU Restrictions On Ukrainian Imports (RT)
EU Reaches Deal On Ukrainian Food Imports (RT)
War Threatens Ukraine Auto Empire of Biden Megadonor (Sperry)
Hunter’s Collapsing World: A Criminal Plea Could Now Be Best Option (Turley)
No Buyer for First Republic Bank at Any Price (Mish)
Irish President Condemns ‘Obsession’ With Economic Growth (Leahy)

 

 

 

 

Lavrov
https://twitter.com/i/status/1652184461302276096

 

 

 

 

Doctorow

 

 

Net zero

 

 

 

 

“..why China would “help Russia, which is experiencing the collapse of its civilization?”

Zelensky’s Top Adviser Threatens China With Economic Ruin (RT)

Ukrainian President Vladimir Zelensky’s main adviser, Mikhail Podoliak, has claimed that China must follow the West’s position on Ukraine or “lose its influence, including economic influence.” Beijing has given no indication that it intends to take his advice. “Now China has to make a choice,” Podoliak said on Ukraine’s Rada TV on Friday. “Either it works within the framework defined by international law, and then replaces Russia in the full sense of the word, or China continues to stand aside and then it will gradually lose its influence, including economic influence.” Podoliak’s statement came two days after Zelensky and Chinese President Xi Jinping spoke by phone, their first known conversation since Russia’s military operation in Ukraine began last February.

According to the Chinese side, Xi stressed that Beijing’s “core position” on the conflict is that “dialogue and negotiations are the only viable way out.” The US has repeatedly called on China to condemn Russia over the conflict, which Beijing has refused to do. Instead, China and Russia have deepened their diplomatic and trade links, and officials from both countries have repeatedly condemned the US for attempting to impose what it calls a “rules-based international order” upon the world through military force and sanctions. China and Russia have instead called for the construction of a multipolar system based on the rule of international law and respect for the UN charter. “Right now there are changes – the likes of which we haven’t seen for 100 years – and we are the ones driving these changes together,” Xi told Russian President Vladimir Putin in Moscow last month.

Podoliak has attempted to drive a wedge between Moscow and Beijing before. Late last month he asked the Italian Corriere della Sera newspaper why China would “help Russia, which is experiencing the collapse of its civilization?” “It would be an irreversible investment, and China is too pragmatic to make such mistakes,” he added. However, even if China were to break from Russia, it would still face a United States hostile to its interests. The Pentagon’s most recent National Defense Strategy lists countering the supposed “threat posed by China” as its number one priority, while Washington has blocked the sale of some semiconductor manufacturing hardware to China and rallied its Asian allies to shut Beijing out of this vital industrial sector. Meanwhile, US President Joe Biden has said on several occasions that he would use the US military to defend Taiwan – which China considers its territory – from a potential Chinese invasion.

Read more …

“It’s simply impossible to sustain the pace, scale, and scope of the West’s multidimensional aid to Ukraine if the conflict drags on.”

“..Russia can continue conducting its special operation for 1-2 more years before it begins to feel any structural pressure to curtail its activities.”

“We just don’t have ammunition. The industry is not ready not only to send equipment to Ukraine, but also to replenish our stocks, which are melting.”

Poland’s Top General Has Some Unpopular Truths About The Ukraine Proxy War (ZB)

The last time that Chief of the General Staff of the Polish Armed Forces General Rajmund Andrzejczak generated media attention was in late January after he elaborated on how formidable Russia remained at the time, but now he’s once again making headlines for building upon this assessment. Poland’s Do Rzecy reported on his recent participation in a strategy session with the National Security Bureau, during which time he shared some unpopular truths about the NATO-Russian proxy war in Ukraine. Andrzejczak said that the situation doesn’t look good for Kiev at all when considering the economic dynamics of this conflict, with him drawing particular attention to finance, infrastructure issues, social issues, technology, and food production, et al. From this vantage point, he predicts that Russia can continue conducting its special operation for 1-2 more years before it begins to feel any structural pressure to curtail its activities.

By contrast, Kiev is burning through tens of billions of dollars’ worth of aid, yet it still remains very far away from achieving its maximum objectives. Andrzejczak candidly said that Poland’s Western partners aren’t properly assessing the challenges that stand in the way of Ukraine’s victory, including those connected to the “race of logistics”/ war of attrition” that the NATO chief declared in mid-February. Another serious problems concerns refugees’ unwillingness to return to their homeland anytime soon. These economic, logistical, and population factors combined to convince him that he must urgently raise the greatest possible awareness of these problems in order to “give Ukraine a chance to build its secure future”, which in the context that he shared this motivation, is a euphemism for even more Western aid. He elaborated by adding that “As a soldier, I am also obliged to present the most unfavorable and difficult to implement variant, giving a field to all those who can and should help Ukraine.”

Nobody should therefore doubt Andrzejczak’s intentions or suspect that he’s a so-called “Russian agent” since he sincerely wants the West to win its proxy war with Russia in Ukraine, but he’s also very worried that it might lose unless his side acknowledges the unpopular truths that he just shared. In his view, their failure to do so could doom Kiev to defeat, though the argument can also compellingly be made that indefinitely perpetuating this conflict like Poland seeks to do might be even more disastrous. After all, none of the three challenges that he drew attention to can be overcome anytime soon. The only exception might be the population one, but that would entail changing EU legislation in order to allow the expulsion of refugees, which is unlikely to happen. The economic and logistical factors are systemic ones, which affect not only Ukraine, but the entire West in general. It’s simply impossible to sustain the pace, scale, and scope of the West’s multidimensional aid to Ukraine if the conflict drags on.

As Andrzejczak himself admitted, “We just don’t have ammunition. The industry is not ready not only to send equipment to Ukraine, but also to replenish our stocks, which are melting.” Considering that Poland is Ukraine’s third most important patron behind the Anglo-American Axis, this strongly suggests that all other NATO members are struggling just as much as it is to keep up the pace, scale, and scope of support, if not more since many are a lot smaller and thus less capable of contributing in this respect. Accordingly, this observation means that Kiev’s upcoming counteroffensive will likely be its “last hurrah” prior to resuming peace talks with Russia since the West won’t be able to keep up its assistance for much longer. Andrzejczak seems keenly aware of this “politically inconvenient” fact, hence why he wants his side to give its proxies as much as possible until the end of that operation in the hopes that they can then be in a comparatively more advantageous position by the time these talks recommence.

Cavoli
https://twitter.com/i/status/1652039270784180246

Read more …

“Otherwise, they will not calm down, and the drug-addled nonsense can turn into reality and the war will drag on for a long time. Our country does not need that..”

Medvedev Calls For ‘Complete’ Dismantling Of ‘Kiev Regime’ (RT)

Former Russian President Dmitry Medvedev has called for the “complete dismantling” of the “Kiev regime,” as well as for inflicting “mass destruction” on the country’s military personnel and hardware. Medvedev, who currently serves as deputy chair of Russia’s National Security Council, made the remarks in a Telegram post on Friday, commenting on an interview Ukrainian President Vladimir Zelensky recently gave to several Nordic media outlets. He summarized Zelensky’s comments as consisting of demands for more weapons from Kiev’s Western backers and promises of a successful counteroffensive, including an attack on Crimea, while also warning that the conflict may drag on for “decades.” While the interview appeared to be “contradictory” and “delusional,” even such statements should not be underestimated, Medvedev warned.

“One should not underestimate even delusional speeches. This is a hysterical manifesto of the Kiev regime, which is seeking to consolidate its Nazi elites, maintain the morale of the troops and receive additional support from its sponsors.” To successfully foil Kiev’s plans, Russia must inflict “mass destruction of personnel and military equipment” during the much-hyped Ukrainian counteroffensive and inflict a “maximum military defeat” on Kiev’s military, Medvedev said. Ultimately, the “Nazi regime in Kiev” must be “completely dismantled” and demilitarized throughout the entire territory of “former Ukraine,” he added. Apart from that, Russia must pursue those who manage to flee, and seek “retribution” against the “key figures of the Nazi regime, regardless of their location and without statute of limitations,” Medvedev stressed. Anything short of that would not suffice, the ex-president believes.

“Otherwise, they will not calm down, and the drug-addled nonsense can turn into reality and the war will drag on for a long time. Our country does not need that,” Medvedev said. The ex-president has repeatedly warned Kiev against any attempts to seize the Crimean peninsula, which broke away from Ukraine in the aftermath of the 2014 Maidan coup and joined Russia after locals overwhelmingly supported such a move during a referendum. Last month, Medvedev issued a nuclear warning to Kiev, cautioning that any attempt at a “serious offensive” targeting the peninsula would be “the basis for the use of all means of protection, including those provided for by the fundamentals of the Doctrine of Nuclear Deterrence.”

Read more …

“This state must not exist for us while there is no one but Russophobes in power and Ukraine is full of Polish mercenaries..”

Medvedev Sees No Point In Maintaining Diplomatic Relations With Poland (TASS)

Russia sees no sense in maintaining diplomatic relations with Poland as long as anti-Russian forces remain in power, Russian Security Council Deputy Chairman Dmitry Medvedev wrote on his Twitter page on Saturday. “I see no point in maintaining diplomatic relations with Poland. This state must not exist for us while there is no one but Russophobes in power and Ukraine is full of Polish mercenaries, who should be ruthlessly exterminated like stinky rats,” Medvedev wrote in English and Polish.


Medvedev’s tweet was posted in the wake of the situation with the school at the Russian embassy in Warsaw. Andrey Ordash, Minister-Councilor at the Russian embassy in Poland, told TASS that the Polish authorities had demanded that the staff of the Russian school at the embassy in Warsaw vacate the building by 7 p.m. on Saturday. The Russian Foreign Ministry said that Russia deems the Polish authorities’ intrusion into the Russian embassy school in Warsaw as a blatant violation of the 1961 Vienna Convention and another encroachment on Russian diplomatic property in Poland. The Foreign Ministry said that Warsaw’s steps would not remain without Moscow’s firm response and consequences for Poland.

Read more …

It won’t be their last new toy.

Russian Next-Gen T-14 Tank Makes Ukraine Debut (ZH)

While Western nations are working to upgrade Ukraine’s ground game with US M-1 Abrams and German Leopard 2 tanks, Russia has now introduced its latest-generation tank into the war in Ukraine, according to Russia’s state-owned RIA. The new Russian tank is the T-14 Armata, which features an unmanned turret, with a three-man crew operating the vehicle from what RIA describes as an “isolated armored capsule located at the front of the hull.” The tank has a maximum highway speed of 50 miles per hour. It’s equipped with a 125mm smoothbore main gun with a reported range of 8 kilometers. The gun is fed by an automated loader with a 45-round capacity, and can also fire laser-guided missiles.

On defense, it has both reactive armor that explodes outward upon a projectile’s impact, and an “active protection system” (APS), which BBC has described as “essentially an anti-missile system for tanks, with radars capable of tracking the incoming anti-tank missile, and projectiles that are launched to disrupt or destroy it.” The T-14 is additionally distinguished from predecessor T-90 tanks by having higher ground clearance. A developer also claimed the tank would have technology to hide it from radar- and heat-seeking targeting systems: “We essentially made the tank invisible.” RIA reports the deployed T-14s have received “additional side protection from anti-tank ammunition.”

Until now, T-14 appearances have been largely limited to a series of Moscow Victory Day parades stretching all the way back to 2015, though RIA says they have been “tested in Syria.” [..] The initial order called for 2,300 of them to be delivered by 2020. However, the UK claims “production is probably only in the low tens, while commanders are unlikely to trust the vehicle in combat,” and suggested its introduction in Ukraine may largely be for propaganda purposes. Of course, that jab may itself be propaganda.

Read more …

Mutti knew exactly what was going on with the Misk agreements. No use denying it.

Merkel Says She Used Everything To Try To Prevent Conflict In Ukraine (TASS)

Former German chancellor Angela Merkel said she used every means at her disposal to try to prevent the current conflict in Ukraine. “I used everything at my disposal to try to prevent this situation,” Merkel said, commenting on the Russian special operation in Ukraine on Saturday in an interview with the German daily Die Zeit. “The fact that it failed is not proof that it was wrong to try,” she stressed. Diplomacy is a “necessity,” as the ex-Chancellor noted.However. Merkel repeatedly defended her policy towards Russia. She called the efforts to resolve the conflict in eastern Ukraine after the events in Crimea in 2014 as part of the so-called Minsk agreements correct.

“I support these diplomatic efforts,” the former head of the German government said, adding that she was “very worried” about Ukraine. “To my great chagrin, there were quite a few who were not interested in this,” Merkel admitted. According to her, in the European Council Germany and France, made efforts to resolve the conflict in eastern Ukraine.= The ex-Chancellor of Germany said that she talked a lot with the former President of Ukraine Pyotr Poroshenko and the current President Vladimir Zelensky. “President Zelensky was very critical of the Minsk agreements. He already said this during his election campaign and noted that he considers it unfeasible,” Merkel stated.

She noted that, according to Ukrainian political leaders, this agreement is not popular in Ukraine, and it was very difficult to implement it politically. In an interview with Die Zeit, published on December 7, 2022, Merkel stated that the 2014 Minsk agreements were an attempt to let Ukraine gain time. She said “it was clear to everyone” that the conflict had been frozen and the problem had not been resolved. Russian President Vladimir Putin later said that he found Merkel’s statement completely unexpected and disappointing.

Read more …

“..the Asian country is on track to become Europe’s largest supplier of refined fuels this month..”

Europe Is Buying Record Amounts Of Refined Russian Fuels Through India

Last August, we were the first to show how Russia was bypassing Europe’s so-called commodities embargo: it was selling LNG to China which was then re-selling it to Europe at a substantial mark up. And while we also frequently reported that Russia was using a similar sanctions bypass for oil, this time using India instead of China, few were willing to confirm as much: after all, it would seem very shortsighted if European consumers were paying an extra surcharge to India, while Russia was not suffering any adverse consequences from Europe’s laughable “sanctions.” Not any more: on Friday, Bloomberg reported that for all of Europe’s fire and brimstone about an embargo (which has gotten decidedly quieter in recent months), “Russian oil is still powering Europe just with the help of India.”

As we reported at the time, last December the EU barred almost any seaborne crude oil imports from Russia. It extended the prohibition to refined fuels two months later. However, the rules didn’t stop countries like India from snapping up cheap Russian crude, turning it into fuels like diesel, and shipping it back to Europe at a big markup: as shown in the chart below, just the Brent to Urals price differential, a byproduct of the Russian sanctions, is about $25/bbl, almost a third of the price of a barrel of crude. The markups on Russian product are even greater when dealing with refined products such as gasoline or diesel. In fact, India has become so good at reselling Russian oil to the same Europeans who refuse to buy it directly from Moscow for a much lower price, that the Asian country is on track to become Europe’s largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude, according to data from analytics firm Kpler.


In other words, Europe is still buying Russian oil, keeping Putin’s military machine well-funded, but because of the virtue signaling exercise of buying Russian oil though a mediator, the transaction ends up costing Europeans billions more than if they simply had purchased the oil directly. “Russian oil is finding its way back into Europe despite all the sanctioning and India ramping up fuel exports to the west is a good example of it,” said Viktor Katona, lead crude analyst at the firm. “With India taking in so much Russian barrels, it’s inevitable.”

Read more …

They all do it.

Morocco Supplies Spain With Russian Diesel – El Mundo (RT)

Morocco is purchasing Russian diesel and other refined products at discounted prices and re-exporting the fuel to Spain, El Mundo reported on Friday, citing ship tracking sources. Data from navigation tracking portal Vesselfinder showed that, on April 28, at least three tankers were heading from Russia’s Baltic ports to Morocco carrying approximately 170,000 tons of oil products on board. The North African country, which bought about 600,000 barrels of Russian diesel throughout 2021, ramped up imports of the product to 2 million barrels in January 2023, with another 1.2 million barrels arriving in the country in February, according to tracking sources. Morocco’s fuel exports almost stopped after its only processing plant was shut down in 2015 over unpaid taxes and legal hurdles, leaving the country dependent on refined oil imports.

In the beginning of the year, Rabat resumed fuel supplies and expanded exports of diesel from its Horizon Tanger terminal to Spain, Türkiye, Ghana, and southern Africa, the outlet said. In January, the country sent 280,000 barrels of diesel to the Spanish Canary Islands and another 270,000 barrels to Türkiye. “At the end of 2022, Morocco began to buy diesel fuel from Moscow at an average of more than 7 million liters per day. In parallel, Rabat began to export it to Spain,” the outlet wrote. According to ship tracking data, Moroccan deliveries now account for 10% of monthly Spanish demand for diesel, estimated at $60 million. According to some media reports, in March, Morocco, Tunisia, and Algeria accounted for 30% of Russia’s diesel exports.

Meanwhile, the Spanish government has pledged to ensure that no Russian fuel enters the kingdom. “Our obligation is to investigate what happens with the fuel [supplies],” Spanish Deputy Prime Minister Teresa Ribera told reporters on Friday. “Initially, it comes with documents confirming its appropriate origin,” she added. Russia has been diversifying its energy supplies in response to Western sanctions after the EU stopped accepting the country’s oil transported by sea. In December, the EU, G7, and allied countries imposed an embargo and a $60-per-barrel price cap on Russian crude. Similar restrictions were introduced in February for exports of petroleum products.

Read more …

Posturing.

US Troops Drill For Taiwan War – Media (RT)

The US Army Special Operations Command (USASOC) has reportedly carried out drills simulating its response to a Chinese seizure of Taiwan for the first time, reflecting rising concern in Washington that Beijing may try to seize control of the self-governing island by force. The Taiwan scenario was played out as part of the USAOC’s annual capabilities exercise, known as CAPEX, at North Carolina’s Fort Bragg, Military.com reported on Saturday. Troops practiced being inserted into Taiwan to help defend against a Chinese offensive, using a concrete mock-up on the base to simulate the environment in which they would fight the People’s Republic of China (PRC). “The PRC, in accordance with our national defense strategy, is our true pacing challenge out there,” Lieutenant General Jonathan Braga, commander of USASOC, said in a speech before the exercise on Thursday. “Ultimately, what we’re trying to do is prevent World War III. That’s our job.”

The drills included firing recoilless rifles, breaching tunnels and operating Switchblade drones, the media outlet said. The special forces used some of the same weaponry and tactics employed during Washington’s so-called War on Terror, along with “other tools reflecting a seismic shift for the command as it prepares for potential conflict against major military rivals.” It’s unusual for USASOC to identify the opposition force so directly during APEX, “given the military’s hesitancy to overtly suggest conflict,” according to Military.com. US-China relations have deteriorated in the past year amid Beijing’s refusal to join in a Western sanctions campaign against Russia over the Ukraine crisis. Chinese officials have accused US leaders of emboldening separatists in Taiwan, such as when then-House Speaker Nancy Pelosi traveled to Taipei last August. China responded by breaking off defense and climate ties with Washington and launching massive military drills in the Taiwan Strait.

The US government recognizes, without endorsing, China’s claim to sovereignty over Taiwan. For decades, Washington has maintained a policy of “strategic ambiguity,” keeping Beijing and Taipei guessing as to whether, and to what extent, the US military would intervene if China invaded Taiwan. However, President Joe Biden has repeatedly hinted that Washington would come to Taiwan’s aid militarily in the event of a Chinese offensive. Washington think tanks have conducted wargaming exercises in recent months to simulate how a war over Taiwan might play out. One such study was done for a congressional committee by the Center for New American Security, which found earlier this month that US forces would be unable to resupply Taiwan with weapons and equipment once a Chinese offensive began. An exercise done by the Center for Strategic and International Studies found that although US and Japanese forces would be able to successfully repel Beijing’s offensive, they would lose dozens of warships, hundreds of planes, and thousands of troops.

Read more …

“Such restrictions, for whatever reason, do not comply with the Ukraine-EU Association Agreement and the principles and norms of the EU Single Market..”

Kiev Decries EU Restrictions On Ukrainian Imports (RT)

The Ukrainian authorities have sent notes of protest to the Polish and EU embassies, decrying the restrictions on imports of the country’s agricultural products to the bloc. This was announced on Saturday by Ministry of Foreign Affairs spokesman Oleg Nikolenko in a Facebook post. According to Nikolenko, Ukraine considers the restrictions “utterly unacceptable.” “Such restrictions, for whatever reason, do not comply with the Ukraine-EU Association Agreement and the principles and norms of the EU Single Market,” he wrote. The minister noted that Kiev has “all legal grounds” to immediately resume its exports to Poland, Romania, Hungary, Slovakia, and Bulgaria and continue uninterrupted transit of all Ukrainian products to other countries both inside and outside of the EU. “The Ukrainian Foreign Ministry urged its [EU] partners to find a balanced solution based on EU legislation, the Association Agreement, and in the spirit of solidarity,” he added.


Earlier this month, Poland, Hungary, Slovakia, and Bulgaria unilaterally banned the import of agricultural products from Ukraine in a bid to protect their domestic markets, which has been overflowing with cheap Ukrainian products. Romania did not impose an import ban, but joined the other four in calls for Brussels to free the region of Ukrainian goods. After two weeks of discussions, the European Commission and the five member states struck a deal on Friday, which involves replacing the individual bans placed by the countries on Ukrainian imports with “emergency safeguard measures” for four major staples – wheat, maize, rapeseed, and sunflower seeds. Sources claim that imports of these crops into the five Eastern European countries will likely be blocked unless for transit.

Read more …

They treat Ukraine like a member. It’s not.

EU Reaches Deal On Ukrainian Food Imports (RT)

The European Commission on Friday struck an agreement with five EU member-states to help clear the supply glut caused by Ukrainian agricultural imports. The announcement was made on Twitter by EU trade chief Valdis Dombrovskis. “The European Commission has reached an agreement in principle with Bulgaria, Hungary, Poland, Romania & Slovakia regarding Ukraine agri-food products. We have acted to address concerns of both farmers in neighboring EU countries and Ukraine,” Dombrovskis wrote on the social media platform. According to the official, the key elements of the new deal include the withdrawal of unilateral import restrictions previously placed by the countries on Ukrainian agricultural produce, a €100 million ($110 million) support package for the member-states’ farmers, and “emergency safeguard measures” for four Ukrainian staples – wheat, maize, rapeseed and sunflower seeds.

Dombrovskis did not elaborate on what these emergency measures would entail, but sources claim that the imports of these crops into the five Eastern European countries will likely be blocked unless for transit. European Commission President Ursula von der Leyen welcomed the deal, saying that it would help guarantee the transit of Ukrainian produce. “This agreement preserves both Ukraine’s export capacity so that it continues to feed the world, and the livelihoods of our farmers,” she tweeted. In June last year, the EU lifted tariffs and quotas for Ukrainian agricultural imports for one year in order to enable grain from Ukraine to be shipped to global markets amid the conflict with Russia. Many of the shipments, however, ended up in Eastern European countries, flooding their markets with cheap produce and sparking protests among local farmers.

Earlier this month, Poland, Hungary, Slovakia, and Bulgaria unilaterally banned agricultural products imported from Ukraine in bid to protect their markets. While Romania had not imposed its own import ban, it joined the other four in urging Brussels to find a solution to the glut of Ukrainian produce. Import bans were deemed “unacceptable” by Brussels, as they undermined the bloc’s single market rules. The news of a deal on Ukrainian food imports followed a decision by EU ambassadors to extend Ukraine’s tariff-free access to the bloc’s market by another year. However, the extension is still subject to formal approval by the European Parliament and EU countries in the coming weeks.

Read more …

“The connection between Joe Biden and Hynansky’s business ventures dates back to 2009, when the then-vice president made his first visit to Ukraine..”

War Threatens Ukraine Auto Empire of Biden Megadonor (Sperry)

Ukrainian President Volodymyr Zelensky isn’t the only one demanding more military assistance from President Biden to protect Kiev from Russian forces. So too is a close Delaware friend and financial backer of Biden, who owns several luxury car dealerships around the Ukrainian capital. By sending billions of dollars in weapons and other military aid to help defend Ukraine, Biden also is securing the investments of millionaire car magnate John Hynansky, a Ukrainian American and longtime supporter of the president. Over the course of Biden’s political career, Hynansky and his family have contributed more than $100,000 to his campaigns, including $8,000 in 2020, Federal Election Commission records show. Hynansky family members have been guests at the White House, and Hynansky has floated hundreds of thousands of dollars in loans to Biden family members, property records show.

Hynansky’s son, Michael, who helps run his car empire, lent the use of his Lear jet to Biden when he was a senator. Since Russia started shelling the area around Kiev in February 2022, the U.S. government has spent $77 billion to help Ukraine rebuild and repel future attacks. Government ethics watchdogs say the president’s friendship poses a potential conflict of interest that demands a full accounting of how the massive foreign aid, which includes open-ended humanitarian and economic assistance, has been used and who has benefited from it. On the military side, moreover, billions of dollars have gone to unspecified areas, such as “security,” “intelligence,” and “training.” In the past, Hynansky has supplied the police cars and ambulances in several regions of Ukraine.

[..] The connection between Joe Biden and Hynansky’s business ventures dates back to 2009, when the then-vice president made his first visit to Ukraine. In a speech in Kiev to government officials, Biden singled out Hynansky for praise, noting that he had just had breakfast with “my very good friend, John Hynansky.” (The previous year, Hynansky had individually contributed more than $33,000 to the Obama-Biden ticket primarily through the Obama Victory Fund, according to FEC records.) Within months of his hobnobbing with the vice president and local officials in the Ukrainian capital, Hynansky scored his first international development loan from the U.S. Overseas Private Investment Corporation, or OPIC, a federal body whose board was appointed by President Obama.

Hynansky used the $2.5 million to break ground on a new headquarters and massive distribution center outside Kiev that prepares 8,000 cars for sale every year. In 2012, Hynansky landed another $20 million in OPIC funding to expand his dealership facilities, federal records show, helping him corner roughly 25% of the luxury car market in Ukraine. “The proceeds of the loan will be used to construct and operate two new, state-of-the-art dealership facilities for Porsche and Land Rover/Jaguar automobiles, and repay any outstanding balance of an existing OPIC loan,” according to a 2012 OPIC financing document.

Read more …

Without implicating the Big Guy?

Hunter’s Collapsing World: A Criminal Plea Could Now Be Best Option (Turley)

This week, Hunter Biden’s defense team traveled to Delaware seeking an update on the federal criminal investigation that has dragged on for almost five years. The reason seems clear: Time is running out on Hunter and the Biden family. After years of delaying disclosures and admissions, Hunter could now be pushing to cap off the criminal side of the scandal before more information is released in Arkansas and Washington. For the White House, even a criminal plea is preferred if they can avoid one particular claim — and they may be succeeding. For years, the Bidens have worked (with the media’s help) to delay any recognition of the influence peddling and corruption that may be revealed on Hunter Biden’s laptop. Even this week, in child support proceedings in Arkansas, Hunter’s counsel continued to refuse to admit ownership of the laptop abandoned at The Mac Shop in Wilmington, Del., in April 2019.

It won’t work any more than his long refusal to acknowledge his fathering of his four-year-old child, Navy. Just as Hunter could not deny DNA, forensic and other evidence will soon make his laptop denials untenable in proceedings in which he and his counsel are required to tell the truth. These proceedings are now colliding for the Bidens. With the laptop being raised in Arkansas and being investigated in Washington by House committees, time is up and the Biden team knows it. An establishment of the laptop’s authenticity in one forum could produce cascading effects in the other forums. There has already been a recent shift to a scorched-earth strategy, including reportedly threatening possible witnesses and calling for the IRS to investigate critics.

New leaks from the Justice Department investigation have indicated that prosecutors are considering four charges: two misdemeanor counts for failure to file taxes, a single felony count of tax evasion related to a business expense for one year of taxes and a potential felony count on falsifying a form linked to a gun permit. Those four charges could well result in jail time, but the situation is likely to get worse for Hunter if the House reveals new evidence of foreign dealings and payments. That is why a capstone plea could control the damage for both Hunter and his father. A capstone is designed to protect against erosion and even help to hold together an arch that might otherwise collapse. This capstone plea could avoid a worst scenario (and charge) that would undermine years of denials by both Bidens.

However, there was one conspicuous omission from the list of potential charges that may also indicate a reason to push toward a plea. There is no mention of a charge as an unregistered foreign agent under the Foreign Agent Registration Act (FARA). The Justice Department aggressively used this charge against Trump figures like Paul Manafort and, if the same standard is applied, it is hard to see the basis for discarding the charge in the Hunter Biden case. The laptop shows emails from various foreign sources, including some with close connections to foreign governments and intelligence services. There are also records of visits of clients and business associates to the White House as well as pictures with then-Vice President Joe Biden. Finally, there are emails showing Hunter reached out to high-ranking officials like Antony Blinken for “advice.” Now our secretary of state, Blinken was then deputy secretary of state.

Read more …

“..merger accounting rules would require a buyer to immediately mark down FRC’s assets to fair value..”

No Buyer for First Republic Bank at Any Price (Mish)

In one of the biggest bank collapses ever, First Republic Bank is down 96 percent in two months. But look on the bright side. Silicon Valley Bank (SVB) fared even worse. At least FRC is still kicking. It rose 8.79 percent on Thursday. You likely can’t give FRC away. There would be no takers. Its assets are worth less than zero. That’s because merger accounting rules would require a buyer to immediately mark down FRC’s assets to fair value. FRC lost $100 billion in deposits. And unlike SVB, it is stuck with severely underwater mortgage loans. The FRC business model was to give ridiculously cheap mortgage loans to high-wealth clients in return for their business. When that model started blowing up, clients pulled their deposits.


Given all around silliness by banks chasing yield, any buyer would likely have to raise capital which would hammer their own share price. According to the WSJ, Autonomous Research analyst David Smith commented “It might cost you $30 billion of capital to buy the bank for free.” If the run on assets continues, either the Treasury or the Fed is likely to step in. Elizabeth Warren would then moan about the Fed bailing out the wealthy. If the bank went under, she would moan about something else. Meanwhile, Treasury Secretary Janet Yellen repeated her comment that the U.S. banking system remains sound and the U.S. government will take “any necessary steps” to keep it the strongest and safest financial system in the world.

Read more …

“envisage our future utopia”, suggesting that Ireland must “rebalance economy, ecology and ethics..”

Irish President Condemns ‘Obsession’ With Economic Growth (Leahy)

President Michael D Higgins has condemned the “obsession” with achieving economic growth in a speech on Friday that was implicitly critical of the economic policies pursued by successive governments. In a reception at Áras an Uachtaráin for Tasc, a think tank dedicated to social change, the President delivered a typically wide-ranging speech that featured a strong critique of economic policy that seeks to prioritise growth, a condemnation of “neoliberalism” and an evaluation of the shortcomings of the teaching of economics at universities. He also urged those present to “envisage our future utopia”, suggesting that Ireland must “rebalance economy, ecology and ethics”. And he insisted that the current exchequer surplus was not just the product of corporation tax receipts from multinationals, but “has been made possible by an educated and hard-working population”.


“Many economists remain stuck in an inexorable growth narrative, or at best a ‘green growth’ narrative,” he said. “A fixation on a narrowly defined efficiency, productivity, perpetual growth has resulted in a discipline that has become blinkered to the ecological challenge – the ecological catastrophe – we now face. “That narrow focus constitutes an empty economics which has lost touch with everything meaningful, a social science which no longer is connected, or even attempts to be connected, with the social issues and objectives for which it was developed over centuries. It is incapable of offering solutions to glaring inadequacies of provision as to public needs, devoid of vision.” Later he added: “Our obsession with inexorable economic expansion expresses, perhaps, a desire to transcend our material limits and rise above the state of nature. Yet this growth fixation paradoxically increases the potency of those very limits. “A deadly cocktail of exploding inequalities, massive deregulation and a globalisation defined solely by trade densities has precipitated this ecological crisis.”

Read more …

 

 

 

 

Fern
https://twitter.com/i/status/1652411867732557825

 

 

 

 


Greta oto, also known as glasswinged butterfly, has transparent wings with a span of 5.6 to 6.1 cm

 

 

 

 

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

 

 

 

 

 

Apr 012023
 
 April 1, 2023  Posted by at 4:51 pm Finance Tagged with: , , , , , ,  25 Responses »


Georgia O’Keeffe Red poppy 1927

 

Andrew Korybko:

 

Background Briefing

Brazil and Chinese reached an agreement earlier this week to de-dollarize their trade, which will accelerate financial multipolarity processes amidst the global systemic transition. The timing was curious, however, since Brazil’s Agriculture Minister Carlos Favaro told the media last weekend that “All government actions are postponed” due to Lula canceling his planned trip after falling ill. Even though he rescheduled it for 11-14 April, the parties decided to sign it last week instead of waiting till then.

Furthermore, this took place on the same week that the US hosted its second “Summit for Democracy”, which Lula didn’t attend via video as planned on the pretext of his recent illness. Nevertheless, he sent a lengthy statement that allied media misreported as pro-Russian, the description of which is discredited by verifiable facts from official sources here as well as the text itself that was later published in full here. Russia isn’t mentioned therein at all, and it actually reads like a love letter to the US Democrats.

Lula’s Ideological Alignment With The US’ Liberal-Globalists

Lula is ideologically aligned with those liberalglobalists, which intrepid readers can learn more about by perusing the collection of articles shared at the end of this analysis here. It’s therefore unsurprising that his letter implied that the Brazilian opposition are “extremists”, condemned the “disinformation” that he hints is driving the latter as a pretext for potentially imposing more censorship in the coming future as part of his US-backed power consolidation campaign, and praised “LGBTQIA+” people.

These agendas that he pushed in his statement to the “Summit for Democracy” also align with the causes that are aggressively propagated across the world by Color Revolution financier George Soros, who enthusiastically endorsed Lula in his speech at the Munich Security Conference in mid-February. The last one regarding LGBTQIA+ people in particular directly contradicts Russia’s official support for traditional moral values as promulgated in its new foreign policy concept that can be read here.

In the eighth paragraph, Russia warns that “A wide-spread form of interference in the internal affairs of sovereign states has become the imposition of destructive neoliberal ideological attitudes that run counter to traditional spiritual and moral values.” This passage justifies its official goal of defending traditional moral values that’s mentioned a dozen times, explains why Russia banned LGBT+ propaganda, and adds context to President Putin’s conclusion that the liberal elite promote pedophilia.

Managing US Perceptions Of Brazil’s Financial Multipolarity Policy

The socio-cultural dimension of Lula’s worldview is therefore opposed to Russia’s, which he presumably regards as “bigoted” and “fascist” just like his liberal-leftist supporters generally do. Nevertheless, these two BRICS countries still share the common goal of financial multipolarity, thus explaining his decision to de-dollarize Brazilian-Chinese trade. Returning to that development, its timing suggests that Lula wanted this to happen comparatively more quietly than him announcing it while standing with his counterpart.

Since it was already agreed upon, his challenge was therefore to manage US perceptions since he didn’t want to risk offending his fellow “social justice warriors” there like AOC and Bernie Sanders, both of whom he met during his trip to DC in February. Lula also wanted to avoid offending his new buddy Biden too after those two agreed to comprehensively strengthen their countries’ strategic partnership in their joint statement, which can be read at the official White House website here and was analyzed here.

To that end, his latest illness was politically convenient in the sense that it allowed him to postpone his planned trip so that it didn’t coincide with the US’ second “Summit for Democracy” and subsequently authorize the de-dollarization deal’s signing in his absence to comparatively less attention. As was explained above, he wanted to do his best to manage US perceptions about this development that advances Brazil’s goal of financial multipolarity at the dollar’s indisputable expense.

The Scenario Of Russian-Brazilian Ideological Competition In Africa

For as much as his media allies and social media sycophants claim otherwise, it’s nevertheless factually false to describe Lula as opposed to the US as proven by his previously cited statement to the last week’s summit participants as well as his joint one with Biden in February that was hyperlinked above too. Despite his promotion of financial multipolarity at the dollar’s indisputable expense, he’s solidly aligned with the US’ ruling liberal-globalists, especially in the domestic political and socio-cultural sense.

The two referenced statements prove that Lula shares Biden’s liberal-globalist mission of delegitimizing their respective opposition as “extremists”, preparing for imposing more censorship on that aforementioned pretext, and propagating LGBT+ causes in full cooperation with each other. The last-mentioned part directly contradicts one of the key precepts contained in Russia’s new foreign policy concept regarding the defense of traditional moral values and thus constitutes a hybrid threat.

Be that as it may, Brazil as a state isn’t a threat to Russia, but its potential propagation of LGBT+ causes in collusion with the US in third countries where Moscow also has interests such as those traditionally conservative ones in Africa like Uganda could constitute an unfriendly asymmetrical challenge. Russia and Brazil might therefore find one another competing for hearts and minds there, with the first defending restrictions on LGBT+ propaganda and the second agitating locals against them.

Brazil’s Envisaged Balancing Act Between China & The US

As regards China, however, Brazil isn’t expected to clash or compete with it in any form since Lula actually envisages his country balancing between it and the US. On the one hand, China is Brazil’s top economic partner and an ally in advancing their shared goal of financial multipolarity. On the other hand, the US is Brazil’s top security partner and is nowadays also a source of inspiration for its liberal-globalists who model themselves off of its ruling Democrat Party, thus explaining his balancing act.

It was earlier touched upon in passing in this analysis here, which interpreted Foreign Minister Vieira’s praise of China in an interview as implying “the possibility of Brazil attempting to balance between the Golden Billion’s US leader with whom Lula has politically aligned himself against Russia and the Sino-Russo Entente’s Chinese economic engine”. Regardless of how successful this approach proves to be, observers should note that Russia isn’t expected to play any prominent role in Lula’s grand strategy.

Trade will likely continue to grow since it’s mutually beneficial, but political ties could soon worsen in the event that Lula extradites a suspected spy to the US to face charges instead of deporting him back to Russia, which readers can learn more about here. Foreign Minister Lavrov’s potential trip to Brazil this month will likely focus on that issue while also exploring the possibility of further expanding their economic ties, particularly in the energy sector like that country’s Ambassador to Russia suggested.

Debunking The “Big Lie” Of The Brazilian Left

Lula’s appointment of former President Rousseff to lead BRICS’ New Development Bank (NDB) should therefore be interpreted in the context of advancing Brazil’s financial multipolarity goals instead of having anything to do with Russia like his media allies and social media sycophants are spinning it as. The ”Big Lie” of the Brazilian left and their supporters abroad is that Lula is pro-Russian even though the facts prove that he’s politically aligned with the US against it in that country’s proxy war with NATO.

They’ll spin anything that he does to lie that he’s secretly allied with Russia against the US despite the facts cited in this analysis from official sources comprehensively debunking that literal conspiracy theory. This “politically inconvenient” fact can never be openly acknowledged even in the scenario that he extradites that suspected spy to the US to face charges instead of deporting him back to Russia since those propagandists fear that it’ll expose the truth about Lula’s US-aligned liberal-globalist worldview.

In their minds, the false perception of Lula as a “multipolar revolutionary opposed to US hegemony” must be maintained at all costs lest the aforesaid truth about his worldview prompts a political revolt among the Workers’ Party’s base that results in him being pressured to recalibrate his grand strategy. This explains why they’re so actively pushing the latest disinformation narrative falsely alleging that his de-dollarization deal with the US supposedly means that he’s opposed to it and aligned with Russia.

The Future Of Russian-Brazilian Relations

In reality, Russia is only considered by Lula to be a commodities partner and a country to cooperate with in pursuit of their shared financial multipolarity goals. He’s fiercely opposed to its official defense of traditional moral values and especially the military moves that it was forced to make in defense of its national security red lines in Ukraine after NATO clandestinely crossed them there. Lula won’t ever say so openly, but he in all likelihood thinks that Russia is “bigoted”, “fascist”, and “imperialist”.

Even so, he’ll still cooperate with it on issues of shared interest as explained, but neither can rely on one another beyond that like Russia can depend on fellow BRICS partner India, which Lula probably also thinks is led by “bigots” and “fascists” in accordance with his liberal-globalist worldview. Artificial limits are imposed on their partnership due to the Brazilian leader’s radical ideology, which all honest observers must acknowledge if they aspire to accurately analyze his grand strategy going forward.

 

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

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

 

Mar 302023
 
 March 30, 2023  Posted by at 9:15 am Finance Tagged with: , , , , , , , , ,  88 Responses »


Roy Lichtenstein Woman With Flowered Hat 1963

 

Lies, Nuttery & Craziness Everywhere in America – James Howard Kunstler (USAW)
Musk, Wozniak Call For Pause In Developing ‘More Powerful’ AI Than GPT-4 (ZH)
The Government Is Fomenting Mass Hysteria (Whitehead)
Moscow Outlines Ukraine Peace Demands (RT)
Kremlin Only Sees Military Solution To Ukraine Conflict (RT)
West’s War Against Russia Is Bound To Last – Peskov (TASS)
Ukrainian Army ‘Almost Destroyed’ – Wagner Chief (RT)
Zelensky Explains Why He Won’t Withdraw From Bakhmut (RT)
Zelensky: “If They Stop Helping Us, We Will Not Win” (ZH)
Only 20% Of US Financial Aid For Ukraine Goes To Kiev, Lawmaker Says (TASS)
Kiev Discloses Its Military Spending (RT)
China Is Winning The Diplomatic Struggle Against The US (Fomenko)
Rosneft Announces Major Oil Deal In India (RT)
ASEAN Looking To Dump Dollar And Euro, Use Local Currencies (RT)
Why You Should Destroy Your Smart Phone Now (OffG)

 

 

 

 

https://twitter.com/GonzaloLira1968/status/1641143573578907656

 

 

Reset

 

 

Nap/Macgregor

 

 


Norm McDonald, 2016

 

 

EdDowd

 

 

LNP

 

 

Ron Johnson

 

 

 

 

Jim lays it out very well. Maybe because he’s an avid reader of the Automatic Earth.

Lies, Nuttery & Craziness Everywhere in America – James Howard Kunstler (USAW)

Renowned author and journalist James Howard Kunstler (JHK) has been complaining and pointing out that the American public is told one lie after another by the Lying Legacy Media (LLM), the government and the medical community. This kind of lying, according to JHK, is pure treason by all parties, from the 600 million CV19 bioweapon/vax injections, to the crumbling banking system, to the war in Ukraine. Let’s start with the genocide of the CV19vax. JHK says, “They are pretending that they didn’t cause any damage, and they are ignoring their own assembled statistics, and they don’t want to paint a realistic picture for the American public to see what the consequences were for their vaccination program. . . . I don’t think they can suppress the reality of it that much longer. There are just too many people who know too many people who have been injured or killed by the vaccines.

The basic problem is dishonesty puts you in a place of weakness, and the truth puts you in a position of strength. Eventually, if you are not being honest with yourself and the other people around you, you are going to be found out. . . . They have to keep doubling and tripling down on narratives that are manifestly untrue, and pretty soon I think people are going to be super pissed off about how all this went down.” With the banking crisis, JHK says the lie that everything is under control is going to be exposed too. JHK says, “When you are compelled to liquidate like Silicon Valley Bank, they are liquidating their assets below their supposed value and they become insolvent. I would imagine there is a great deal of damage waiting to express itself out there, and we haven’t seen much action in the derivatives racket so far, and that’s going to be a big deal when that happens because of the completely reckless contracts that are made. . . .

It’s really a bad bet, and the people taking the bet can’t pay off the bet, and the whole thing is really a disaster waiting to happen.” JHK says the so-called reset is going to happen, but not the way Klause Schwab wants it to happen. All will go extremely local, and JHK says, “Social discourse will make it all much worse.” The lies about Ukraine and the losing war started by NATO are summed up by JHK, “In retrospect, we could see why Donald Trump would want to have a phone call with Zelensky over the Biden family activities in Ukraine. . . . The whole Ukraine portfolio is just a big bag of crap. . . . Because of those activities, there is a war against the people, and that includes a war against Donald Trump. They are trying every way possible to shove him off the playing field. . . . I think it is safe to say the U.S. government is not your friend.”

In closing, JHK says, “This is an extremely socially and politically perverse period of history. . . .I grew up in the hippie period. . . .It was quite based compared to the baseless nuttery and lunacy that this country is involved in now. The fact that there has to be any debate about drag queen story hour for children is amazing. . . . That’s okay? Deliberately, demonstrable male imitation of a female. That’s supposed to be good for kids and not scare them? . . . There is a uniform craziness across the culture, and people are being asked to swallow increasingly absurd propositions. That’s where we are now. We are being asked to swallow absurd ideas one after another.”

Read more …

“Should we let machines flood our information channels with propaganda and untruth?”

My take is: instead of doing the exact same ourselves?

Musk, Wozniak Call For Pause In Developing ‘More Powerful’ AI Than GPT-4 (ZH)

Elon Musk, Steve Wozniak, AI pioneer Yoshua Bengio and others have signed an open letter calling for a six-month pause in developing new AI tools more powerful than GPT-4, the technology released earlier this month by Microsoft-backed startup OpenAI, the Wall Street Journal reports. “Contemporary AI systems are now becoming human-competitive at general tasks, and we must ask ourselves: Should we let machines flood our information channels with propaganda and untruth? Should we automate away all the jobs, including the fulfilling ones? Should we develop nonhuman minds that might eventually outnumber, outsmart, obsolete and replace us? Should we risk loss of control of our civilization? Such decisions must not be delegated to unelected tech leaders. Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable.” -futureoflife.org

“We’ve reached the point where these systems are smart enough that they can be used in ways that are dangerous for society,” said Bengio, director of the University of Montreal’s Montreal Institute for Learning Algorithms, adding “And we don’t yet understand.” Their concerns were laid out in a letter titled “Pause Giant AI Experiments: An Open Letter,” which was spearheaded by the Future of Life Institute – a nonprofit advised by Musk. “The letter doesn’t call for all AI development to halt, but urges companies to temporarily stop training systems more powerful than GPT-4, the technology released this month by Microsoft Corp.-backed startup OpenAI. That includes the next generation of OpenAI’s technology, GPT-5. OpenAI officials say they haven’t started training GPT-5. In an interview, OpenAI CEO Sam Altman said the company has long given priority to safety in development and spent more than six months doing safety tests on GPT-4 before its launch.” -WSJ

“In some sense, this is preaching to the choir,” said Altman. “We have, I think, been talking about these issues the loudest, with the most intensity, for the longest.” Goldman, meanwhile, says that up to 300 million jobs could be replaced with AI, as “two thirds of occupations could be partially automated by AI.” So-called generative AI creates original content based on human prompts – a technology which has already been implemented in Microsoft’s Bing search engine and other tools. Soon after, Google deployed a rival called Bard. Other companies, including Adobe, Salesforce and Zoom have all introduced advanced AI tools.

Read more …

24/7. Who needs AI?

The Government Is Fomenting Mass Hysteria (Whitehead)

We have become guinea pigs in a ruthlessly calculated, carefully orchestrated, chillingly cold-blooded experiment in how to control a population and advance a political agenda without much opposition from the citizenry. This is mind-control in its most sinister form. With alarming regularity, the nation is being subjected to a spate of violence that terrorizes the public, destabilizes the country, and gives the government greater justifications to crack down, lock down, and institute even more authoritarian policies for the so-called sake of national security without many objections from the citizenry. Take this latest shooting in Nashville, Tenn. The 28-year-old shooter (a clearly troubled transgender individual in possession of several military-style weapons) opened fire in a Christian elementary school, killing three children and three adults.

Already, fingers are being pointed and battle lines are being drawn. Those who want safety at all costs are clamoring for more gun control measures (if not at an outright ban on assault weapons for non-military, non-police personnel), widespread mental health screening of the general population, more threat assessments and behavioral sensing warnings, more CCTV cameras with facial recognition capabilities, more “See Something, Say Something” programs aimed at turning Americans into snitches and spies, more metal detectors and whole-body imaging devices at soft targets, more roaming squads of militarized police empowered to do random bag searches, more fusion centers to centralize and disseminate information to law enforcement agencies, and more surveillance of what Americans say and do, where they go, what they buy and how they spend their time.

This is all part of the Deep State’s master plan. Ask yourselves: why are we being bombarded with crises, distractions, fake news and reality TV politics? We’re being conditioned like lab mice to subsist on a steady diet of bread-and-circus politics and an endless spate of crises. Caught up in this “crisis of the now,” the average person has a hard time keeping up with and remembering all of the “events,” manufactured or otherwise, which occur like clockwork in order to keep us distracted, deluded, amused, and insulated from reality. As investigative journalist Mike Adams points out: “This psychological bombardment is waged primarily via the mainstream media which assaults the viewer by the hour with images of violence, war, emotions and conflict. Because the human nervous system is hard wired to focus on immediate threats accompanied by depictions of violence, mainstream media viewers have their attention and mental resources funneled into the never-ending ‘crisis of the NOW’ from which they can never have the mental breathing room to apply logic, reason or historical context.”

Read more …

“Moscow will simply not tolerate “an openly anti-Russian state, whatever its borders..”

Moscow Outlines Ukraine Peace Demands (RT)

Russian Deputy Foreign Minister Mikhail Galuzin has offered a ten-point list of things the government in Kiev needs to do in order for hostilities to cease. In an interview on Wednesday, Galuzin said the future of Ukraine itself will depend on how soon Kiev and its Western backers come to grips with reality. For Ukraine to bring about peace, its military forces must stand down and the West must halt all deliveries of weapons to Kiev, Galuzin told the outlet RTVI. Several other conditions he listed have been on the table since the hostilities escalated in February 2022, such as Ukraine’s demilitarization and “denazification,” a pledge to never join the EU or NATO, and the affirmation of Kiev’s non-nuclear status. Another was added in October 2022, and involves the recognition of “new territorial realities” – commonly understood to mean the decision of Kherson, Zaporozhye and the republics of Donetsk and Lugansk to join Russia.

Ensuring the protection of the Russian language and the rights of Russian-speaking citizens, as well as all other ethnic groups in Ukraine also made Galuzin’s list. Moreover, he said Ukraine needs to reopen the border with Russia and restore the legal framework of relations with Moscow and other ex-Soviet republics, which it renounced following the US-backed coup in 2014. For the first time, Moscow has demanded the lifting of all anti-Russian sanctions and the “withdrawal of claims and termination of prosecutions against Russia, its individuals and legal entities,” presumably including the recent International Criminal Court (ICC) warrants for President Vladimir Putin and the children’s rights commissioner, Maria Lvova-Belova. The last demand on Galuzin’s list was for the West to pay for the reconstruction of civilian infrastructure destroyed by Ukraine’s military since 2014.

Ukraine’s peaceful future depends on respecting the rights of its Russian population, restoring friendly relations with all neighbors, and returning to its founding principle of neutral and non-bloc status, enshrined in the 1990 declaration of independence, Galuzin said. “The future of the territories of present-day Ukraine should be determined by the inhabitants of this country themselves,” Galuzin told RTVI, noting that this includes “Ukrainians, Russians, Jews, Hungarians, Moldovans, Bulgarians, Romanians, Poles, and Greeks.” Moscow will simply not tolerate “an openly anti-Russian state, whatever its borders,” as a neighbor, said Galuzin. “Neither Russia, nor any other state, would accept this from the standpoint of security.” The “peace platform” adopted by the government in Kiev includes Russia’s total withdrawal from all territories Ukraine claims as its own, payment of reparations, and war crimes tribunals for the military and political leadership in Moscow.

Read more …

“These are politico-diplomatic or – if politico-diplomatic are currently impossible, and in the case of Ukraine, they are impossible, to our regret – through military means..”

Kremlin Only Sees Military Solution To Ukraine Conflict (RT)

There’s no political or diplomatic solution for the ongoing conflict with Ukraine at the moment, with Moscow seeking to resolve it through military means, Kremlin spokesman Dmitry Peskov has said. Speaking to Russian journalists on Wednesday, Peskov reiterated Moscow’s resolve to reach its goals, which were outlined by President Vladimir Putin at the start of the military operation over a year ago. “We have repeatedly said that Russia’s goals … can be achieved in various ways. These are politico-diplomatic or – if politico-diplomatic are currently impossible, and in the case of Ukraine, they are impossible, to our regret – through military means, that is, through the special military operation,” Peskov stated. The spokesman did not provide any estimates on when exactly the ongoing conflict between Moscow and Kiev might end, re-addressing the question to the country’s Defense Ministry.

At the same time, he said the broader conflict – a “hybrid war” between Russia and its adversaries – is likely to drag on for a long time. “This confrontation with hostile states, with the unfriendly countries, this is a hybrid war that they unleashed onto our country, it’ll be there for a long time,” Peskov said. Separately, Russian Deputy Foreign Minister Mikhail Galuzin confirmed that the goals of Moscow in the Ukraine operation are unchanged, and reaching them is the only way to achieve a “comprehensive, just and sustainable peace in Ukraine and Europe.” They include a neutral, non-aligned status of Ukraine, Kiev dropping its plans to join NATO and the EU, confirmation of its non-nuclear status, as well as the demilitarization and denazification of the country, he explained in an interview on RTVI on Wednesday.

Apart from that, Kiev and the international community must recognize the new “territorial reality” on the ground, Galuzin stressed, apparently referring to the incorporation of the four former Ukrainian regions of Kherson and Zaporozhye, as well as of the Donetsk and Lugansk People’s Republics into Russia following referendums held last September. Moscow has repeatedly expressed its readiness for a diplomatic solution to the ongoing hostilities, blaming the lack of any diplomatic efforts on Kiev and its Western backers, who are seeking to inflict a “strategic defeat” on Russia. “Washington, European capitals, but first of all, Washington is filled with the desire not to let, under any pretext, [Kiev] enter into peace negotiations. They simply do not let Kiev even think about it,” Peskov said earlier this month.

Read more …

“..a hybrid war that they have unleashed against our country – it is bound to last..”

West’s War Against Russia Is Bound To Last – Peskov (TASS)

Russian Presidential Spokesman Dmitry Peskov has said that Russia’s struggle with the West is a war in the broad sense and warned that it is bound to last. “If you mean, let’s say, war in a broad context – a confrontation with hostile states, with unfriendly countries, a hybrid war that they have unleashed against our country – it is bound to last. We need to stay firm, confident, self-concentrated and united around the president,” he told a news briefing on Wednesday in response to a question about how long the special military operation might take and if there was any chance it might end this year. As for progress in combat operations, Peskov said, only the authorities concerned, such as the Defense Ministry, were in a position to comment.

Read more …

“The Russian army alone will be left on the chessboard, and all other pieces will be removed..”

Ukrainian Army ‘Almost Destroyed’ – Wagner Chief (RT)

The head of the Wagner Group private military company (PMC) Evgeny Prigozhin has described Ukraine’s losses in the battle for the city of Artryomovsk as almost fatal to Kiev’s entire military. The sacrifices made by his force for the sake of Russia were worth it, he added. “As of today, the battle for Bakhmut has almost destroyed the Ukrainian army,” Prigozhin said in a statement on Wednesday, using the name by which Kiev calls the city. The clash also “gave a serious beating to PMC Wagner,” he acknowledged. He called the battle the “general engagement” of the entire conflict and said that in it Wagner troops got pitted against Ukrainian armed forces and “foreign units installed into them.”

A victory by his troops would be “a turning point” and a historic event, securing a Russian victory, Prigozhin predicted. “The Russian army alone will be left on the chessboard, and all other pieces will be removed,” he forecast. “Even if PMC Wagner is destroyed in the Bakhmut meat grinder but takes the Ukrainian army with it … it would mean that we have accomplished our historic mission.” The fight for Artyomovsk has emerged as one of the most intensive and bloody engagements of the armed conflict in Ukraine, with both sides reportedly suffering significant casualties.

Western officials said that the city poses no strategic military value, but Ukrainian President Vladimir Zelensky pledged to defend it as long as possible after proclaiming the city a fortress. The Ukrainian leader explained his refusal to withdraw in an interview with The Associated Press earlier this week. He claimed that if Russia were to capture Artyomovsk, his government would come under international and domestic pressure to seek peace with Moscow. “Our society will feel tired,” he told the news agency of this scenario. “Our society will push me to have compromise with them.”

Read more …

“Our society will feel tired [if the Russians gain victory in Bakhmut]” “Our society will push me to have compromise with them.”

Zelensky Explains Why He Won’t Withdraw From Bakhmut (RT)

Ukrainian President Vladimir Zelensky has said that if his troops were to surrender the city of Artyomovsk, known as Bakhmut in Ukraine, his government would come under domestic and international pressure to seek peace with Russia. “Our society will feel tired,” he told the Associated Press (AP) in an interview released on Wednesday. “Our society will push me to have compromise with them.” Western officials have described Artyomovsk, the scene of fierce fighting for several months, as lacking in military importance. Behind closed doors, they – along with Zelensky’s own military leadership – have reportedly urged the president to order a withdrawal, so that his forces can focus on preparing a counteroffensive with heavy weapons provided by the US and its allies.

Speaking to AP mostly in English, during what the agency described as a “morale-building journey” by train across Ukraine, Zelensky suggested that Russia would be emboldened if it were to capture Artyomovsk. Russian President Vladimir Putin would “sell this victory to the West, to his society, to China, to Iran,” he predicted. “If he will feel some blood – smell that we are weak – he will push, push, push.” “We can’t lose the steps because the war is a pie – pieces of victories. Small victories, small steps,” Zelensky added. The battle for Artyomovsk, a key logistics hub, has been one of the fiercest and bloodiest in the Ukraine conflict so far. According to media reports, Kiev has lost some of its most experienced troops while holding the city. It has also allegedly been pouring in newly conscripted, untrained soldiers, to shore up the defensive line, leading to significant casualties.

In the interview, Zelensky also complained about his lack of contact with Chinese President Xi Jinping, who visited Moscow last week. The Ukrainian leader claimed that as president he chose to “unite” the country rather than divide it. Zelensky was elected in 2019 on a promise to end ongoing hostilities in Donbass and reintegrate the then-breakaway Donetsk and Lugansk People’s Republics into a federalized Ukrainian state. However, while in office, he maintained the policy of his predecessor Pyotr Poroshenko by stonewalling the so-called Minsk Agreements. Poroshenko later admitted the accords were used by Kiev to buy time to rebuild its military.

Read more …

“The loss of Bakhmut would mean a political defeat, could lead to a general defeat in conflict.”

Zelensky: “If They Stop Helping Us, We Will Not Win” (ZH)

President Volodymyr Zelensky is deeply concerned over ‘Ukraine fatigue’ taking over the West, and especially among the populace of his government’s biggest supporter, funder, and weapons supplier – the United States. “The United States really understands that if they stop helping us, we will not win,” he told the AP in a fresh interview published Wednesday. Waning support has been especially noticeable among Republican voters, according to recent polls, and as we recently reviewed in an article, “The Trump, DeSantis, Tucker Effect: New Polls Show Republicans Increasingly Done With Ukraine.” He issued the words specifically in reference to the still raging battle for the strategic city of Bakhmut in the Donetsk region. Russian forces have it nearly surrounded, even as Kiev has continued to throw additional manpower and weaponry into the city’s defense at a huge cost and amid mounting casualties.

Zelensky described that the capture of Bakhmut will mean that Putin will smell weakness. According to the Ukrainian leader’s words: Speaking with The Associated Press, Zelenskyy said that if Bakhmut were to fall, Putin could “sell this victory to the West, to his society, to China, to Iran,” as leverage to push for a ceasefire deal that would see Ukraine agree to give up territory. “If he will feel some blood — smell that we are weak — he will push, push, push,” Zelensky continued.

“Our society will feel tired” if the Russians gain victory in Bakhmut, he said. “Our society will push me to have compromise with them.” Implicit in these words are perhaps a first-time admission that significant sectors of the Ukrainian population are ready for compromise and peaceful negotiations to end the war. And tellingly, CBS commentary on the AP interview included the following observation: “He appeared acutely aware of the risk that his country could see its vital support from the U.S. and Europe start to slip away as the 13-month war grinds on.” Zelensky: “The loss of Bakhmut would mean a political defeat, could lead to a general defeat in conflict.”

Read more …

“..with about 60% of this money being received by the US side itself..”

Only 20% Of US Financial Aid For Ukraine Goes To Kiev, Lawmaker Says (TASS)

Washington hands over only about 20% of financial aid allocated for Ukraine directly to Kiev, with about 60% of this money being received by the US side itself, head of the House Committee on Foreign Affairs Michael McCaul said during Committee hearing Wednesday. “Of the $113 billion appropriated across four supplementals, approximately 60% is going to American troops, American workers and modernizing American stockpiles. In fact, only 20% of the funding is going directly to the Ukrainian government in the form of direct budgetary assistance,” the lawmaker said. He pointed out that, when the Republicans gained majority in the House after mid-term elections in November last year, they made it clear that accountability would have key importance for continued aid to Ukraine. The current House Speaker Kevin McCarthy (R-CA) warned last fall that the Republicans would not allow allocation of unlimited and not thoroughly justified aid to Ukraine.

Read more …

“Only 20% Of US Financial Aid For Ukraine Goes To Kiev”, and they still spend $3.5 billion a month on their military?!

Kiev Discloses Its Military Spending (RT)

Ukraine spends 130 billion hryvnia ($3.5 billion) a month on its military, Finance Minister Sergey Marchenko has revealed. The minister, who was meeting with the country’s European Business Association (EBA) on Wednesday, also disclosed that Ukraine’s budget receives 80 billion hryvnias in revenue (almost $2.2 billion) monthly. “The key task is to create conditions for financing the military,” Marchenko reportedly said while disclosing the numbers, according to EBA’s press service. He stressed it’s important to collect the anticipated taxes this year, adding that no major tax changes have been planned. Last week, the Ukrainian Parliament, the Verkhovnaya Rada, adopted a law on increasing budget spending on defense by more than $14.6 billion.

Ukraine’s Prime Minister Denis Shmygal had previously specified that the Cabinet of Ministers proposed to allocate additional funds for payments to the military, as well as the purchase of military and special equipment. According to him, the money will be allocated through the support of Western partners. While approving the 2023 draft budget last November, the parliament set aside more than a trillion hryvnias ($31 billion) to the armed forces and national security, which is 43% of all spending, or 18.2% of the country’s GDP. Ukraine’s budget deficit this year is expected to be a record $38 billion. The government plans to cover the deficit using Western foreign aid.

Last month, the US announced $12 billion in additional aid for Kiev, including a $2-billion arms package and $10 billion more to support energy costs and the Ukrainian government’s budget. According to US Treasury Secretary Janet Yellen, Washington has provided nearly $50 billion in support since last year, much of it devoted to weapons. Meanwhile, the European Union in February approved another €545 million ($590 million) in military aid to Ukraine, bringing its total support for Kiev’s forces to €3.6 billion ($3.8 billion). Since the beginning of war, the EU and its member states have reportedly provided €50 billion ($54 billion) in direct support to Ukraine.

Read more …

“..a potential consequence of China’s strategic partnership with Russia, down the line, could be the weakening of American influence over the EU, which Washington is trying to strengthen by fanning the flames of the Ukraine war..”

China Is Winning The Diplomatic Struggle Against The US (Fomenko)

The past few weeks have seen a comprehensive show of diplomatic force by China. Shortly after Xi Jinping completed a successful trip to Moscow, where he met with Vladimir Putin, Beijing announced it had brokered a deal to normalize relations between Saudi Arabia and Iran. The breakthrough was widely regarded as a blow to US influence in the Middle East. Then China persuaded Honduras to switch diplomatic recognition from Taiwan to Beijing, and now high-ranking Western politicians and EU officials, including French president Emmanuel Macron, European Commission President Ursula Von der Leyen and the Prime Minister of Spain Pedro Sanchez, are piling in to visit Beijing.

When viewed as a whole, the last several weeks have seen China enjoy massive diplomatic gains at the expense of the US, pouring freezing water on Washington’s attempts to isolate Beijing ‘Cold War-style’ on the global stage and on a relentless propaganda campaign steeped in negativity and fear-mongering. But in spite of it all, the reality continues to shine through that China is simply too big and too globally significant to isolate, illustrating that Biden’s strategy of creating overlapping multilateral alliances in a bid to contain Beijing, isn’t going to work. China has demonstrated that it is a superpower with the ability to steer global affairs in its own direction, a privilege which the US believed was its own exclusive entitlement. Beijing’s peace proposal for Ukraine and the Saudi-Iran normalisation deal caused a shock to the system in Washington.

Xi’s visit to Moscow in particular has brought a new balance to the dynamic around the Ukraine conflict and jeopardized hubris-led US miscalculations that it can escalate the conflict to the point of forcing a zero-sum outcome in favour of its own strategic objectives. As noted above, European leaders have responded to Xi’s visit, not by turning against China as was hoped, but by intensifying their diplomatic engagement with Beijing and scrambling to remain on board. But what is China’s response going to be? It is reasonable to expect an element of “Then stop siding with the United States against us”. Thus, a potential consequence of China’s strategic partnership with Russia, down the line, could be the weakening of American influence over the EU, which Washington is trying to strengthen by fanning the flames of the Ukraine war. Beijing is thus bringing some much-needed balance to the equation.

Read more …

“..oil purchases by New Delhi surged more than 20-fold last year..”

Rosneft Announces Major Oil Deal In India (RT)

Moscow and New Delhi have agreed to “substantially increase” the supply of crude oil to India and diversify its grades, Russian energy major Rosneft announced on Wednesday. A deal was reached with the Indian Oil Company during a trip by Rosneft CEO Igor Sechin to the Asian country, the Russian firm said in a press release on its website. Sechin also met with the heads of some of India’s largest oil and gas companies and discussed wider cooperation in the energy sector, the press release states. Possible trade settlements in national currencies were also on the agenda. Russia has for the first time become one of India’s top five trading partners, with turnover reaching $38.4 billion in 2022, according to statistics from India’s Ministry of Commerce and Industry, as cited by Rosneft.


Energy accounts for a major portion of bilateral trade. According to Russian Deputy Prime Minister Aleksandr Novak, oil purchases by New Delhi surged more than 20-fold last year. India, the world’s third-largest crude importer, began to boost purchases of Russian oil shortly after the start of Moscow’s military operation in Ukraine and the ensuing Western sanctions. New Delhi, which has repeatedly stressed that energy security is its top priority, chose not to succumb to Western pressure and continued to stock up on Russian supplies even after the G7 price cap on Russian oil came into force late last year.

Read more …

Local currencies are the future. Backed by gold?!

ASEAN Looking To Dump Dollar And Euro, Use Local Currencies (RT)

The Association of Southeast Asian Nations (ASEAN) is set to discuss dropping the US dollar, euro, yen and pound sterling from transactions and moving to settlements in local currencies, according to the news magazine Tempo. An official meeting of ASEAN finance ministers and central bank governors kicked off on Tuesday in Indonesia. A regional grouping that aims to promote economic and security cooperation among its members, ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. “Efforts to reduce dependence on major currencies through the Local Currency Transaction (LCT) scheme will be discussed. This is an extension of the previous Local Currency Settlement (LCS) scheme that has already begun to be implemented between ASEAN members,” said the report.


Tempo specified that a digital cross-border payments system, allowing ASEAN member states to use local currencies in trade, would be expanded further. An agreement on such cooperation was reached between Indonesia, Malaysia, Singapore, the Philippines, and Thailand in November 2022. Indonesian President Joko Widodo has urged regional authorities to abandon Visa and Mastercard payment systems and start using credit cards issued by local banks. Moving away from Western payment systems is necessary to protect transactions from “possible geopolitical repercussions,” Widodo said. Board member of the Indonesian Credit Cards Association (AKKI), Dodit Proboyakti, told RIA Novosti that Indonesia would apply the experience of Russia and its Mir payment system in promoting its own domestic financial network.

Read more …

“..within the next few years, smartphones will become the digital wallet through which the Bank of England will have complete control over how much, on what and where we spend its Central Bank Digital Currency.”

Why You Should Destroy Your Smart Phone Now (OffG)

In the imminent future, smartphones are the instrument onto which, in the guise of the digital verification of our identity — the Government’s ‘consultation’ on which closed this month — the compliant will upload their biometric data (fingerprints, photograph and DNA swab) to a centralised database to which the 32 public authorities presiding over the UK biosecurity state will have access.=

Under the Digital Economy Act 2017, these public authorities include the Cabinet Office; the Home Office; the Department for Defence; HM Treasury; the Ministry of Justice; the Department for Education; the Department for Business, Energy and Industrial Strategy; the Department for Work and Pensions; the Department for Communities and Local Government; the Department for Culture, Media and Sport; the Department for Transport; the Department for Food, Environment and Rural Affairs; Her Majesty’s Revenue and Customs; all county, district and London councils; the Greater London Authority; the Council of the City of London; all fire and rescue authorities; all police authorities; all education authorities; all gas and electricity authorities; HM Land Registry; and, under Section 35, any other public authority, or private agent providing a service for a public authority, designated for a specific purpose justifying access to that data.

Smartphones are the instrument that will monitor whether their owners are up-to-date with what the UK biosecurity state decides is fully ‘vaccinated’ with whatever our Government and its partners in the pharmaceutical industry decide we must inject into our bodies as a condition of access to the rights of citizenship. Smartphones are the instrument that will monitor and record how many times we leave or enter our 15-minute grazing range currently being implemented by our public authorities to restrict and limit our freedom of movement on the justification of ‘saving the planet’.

Smart phones are the instrument that will track our carbon footprint in order to monitor and control the quantity of meat, dairy products, energy, oil, petrol and other products to which the UK biosecurity state — under the terms of the agreements of Agenda 2030 signed by the UK Government in 2015 — will progressively cut off our access between now and 2030. Smartphones are the means by which our compliance with lockdowns, masking mandates and programmes of gene therapy dictated by the World Health Organization’s Pandemic Prevention, Preparedness and Response Treaty and enforced by the UK biosecurity state will be monitored, recorded and enforced by, among other recourses, cutting off our access to the electronic and digital grid. And, within the next few years, smartphones will become the digital wallet through which the Bank of England will have complete control over how much, on what and where we spend its Central Bank Digital Currency.

Read more …

 

 

 

 

Help Joe
https://twitter.com/i/status/1640793491633586177

 

 

 

 

Levitation
https://twitter.com/i/status/1640916068955828224

 

 

Giants

 

 

 

 

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

 

 

 

 

 

Mar 202023
 
 March 20, 2023  Posted by at 5:40 pm Finance Tagged with: , , , , , , , ,  5 Responses »


Jacob Lawrence Struggle: From the History of the American People, Panel 10 1954

Andrew Korybko:

The impending trifurcation of International Relations will result in the formation of three de facto New Cold War blocs: The US-led West’s Golden Billion, the Sino-Russo Entente, and the informally Indianled Global South. Intrepid readers can review the preceding hyperlinked analysis to learn more about the grand strategic dynamics behind this latest phase of the global systemic transition, while the present one will elaborate on those connected to the Russian-Chinese Strategic Partnership in particular.

These two Eurasian Great Powers had already closely aligned their foreign and economic policies far before Russia was forced to commence its special operation in Ukraine last year after NATO clandestinely crossed its red lines there and refused to diplomatically resolve their security dilemma. This was due to their shared multipolar vision, which in turn resulted in Moscow synchronizing its Greater Eurasian Partnership (GEP) with Beijing’s Belt & Road Initiative (BRI).

The purpose behind doing so was to supercharge multipolar processes across the supercontinent with a view towards making International Relations more democratic, equal, just, and predictable a lot sooner than even the most optimistic observers could have expected. None of this was driven by anti-Western animosity either since both of them envisaged the EU and US playing pragmatic roles in this emerging world order, which is proven by their proactive engagement of each over the years.

Russia expected that it could diplomatically resolve its security dilemma with the US over NATO’s expansion simultaneously with encouraging it and the EU to get Kiev to implement the Minsk Accords, thus ending the then-Ukrainian Civil War and optimizing trans-Eurasian trade. Meanwhile, many EU countries joined BRI and China even clinched an investment pact with the bloc, all while seeking to diplomatically resolve its own security dilemma with the US and work out a new trade deal with it.

Had the US formulated its grand strategy with mutually beneficial economically driven outcomes in mind instead of remaining under the influence of Brzezinski’s zero-sum divide-and-rule teachings, then everything could have been much different. That declining unipolar hegemon could have responsibly carved out a comfortable niche in the new era of globalization that Russia and China were jointly seeking to pioneer, thus ensuring that the global systemic transition smoothly moved towards multipolarity.

Regrettably, liberalglobalist members of the US’ military, intelligence, and diplomatic bureaucracies (“deep state”) continued to believe that Brzezinski’s geostrategic schemes could successfully reverse the aforesaid transition and thus indefinitely retain their country’s dominant position in International Relations. This explains why they subsequently sought to “contain” Russia and China at the same time by worsening regional disputes instead of reciprocating those two’s efforts to peacefully resolve them.

The decision was eventually made to prioritize Russia’s “containment” over China’s with the expectation that the first would either strategically capitulate to NATO’s blackmail campaign or quickly collapse due to sanctions if it resorted to military force for defending its red lines in Ukraine, thus making China’s successful “containment” a fait accompli in that scenario and therefore preserving the US’ hegemony. Where everything went wrong was that the West never prepared for a protracted conflict in Ukraine.

Russia proved much more resilient in all respects than the Golden Billion expected, ergo why they’re panicking that the over $100 billion that they’ve already given to their proxies in Kiev isn’t anywhere near enough for defeating that Eurasian Great Power. The New York Times admitted last month that the sanctions failed just like their “isolation” campaign did, while the NATO chief recently declared a “race of logistics” and the Washington Post finally told the truth about just how poorly Kiev’s forces are faring.

Amidst the past year of international proxy hostilities that the West itself provoked, the globalized system upon which China’s grand strategy depended was unprecedentedly destabilized by their unilateral sanctions regime that’s responsible for the food and fuel crises across the Global South. This influenced President Xi to seriously consider a “New Détente” with the US, which he initiated during last November’s G20 Summit in Bali after he met with Biden and a bunch of other Western leaders.

To be absolutely clear, this well-intended effort wasn’t meant to reverse any of the multipolar progress that China was responsible for over the past decade but purely to pursue a series of mutual compromises aimed at establishing a “new normal” in their ties so as to restore stability to globalization. In other words, it was about buying time for the world’s top two economies to recalibrate their grand strategies, ideally in the direction of working more closely together for everyone’s sake.

Their talks unexpectedly ended in early February, however, after the black swan event that’s known as the balloon incident. This saw anti-Chinese hardliners in the US suddenly ascend to policymaking prominence, thus dooming the “New Détente”, which resulted in China recalibrating its approach to the NATO-Russian proxy war to the point where President Xi, Foreign Minister Qin, and Ambassador to the EU Fu all concluded that it’s part of the US’ anti-Chinese “containment” strategy.

Under these newfound circumstances, the US consolidated its successfully reasserted hegemony over the EU by getting Germany to go along with Washington’s very strongly implied threats that the Golden Billion will sanction China if it decides to arm Russia should Moscow require such aid as a last resort. In response, China felt compelled to consolidate its strategic partnership with Russia to the point of turning it into an entente, hence the purpose of President Xi’s trip to work out the finer details of this.

Just like these two Great Powers earlier synchronized Russia’s GEP and China’s BRI, so too are they now poised to synchronize the first’s Global Revolutionary Manifesto with the second’s global initiatives on development, security, and civilization. This prediction is predicated on the articles that Presidents Putin and Xi published in one another’s national media on the eve of the latter’s trip to Moscow, which confirms that they intend to cooperate more closely than ever before.

Observers can therefore expect the Sino-Russo Entente to solidify into one of the world’s three premier poles of influence as a result of the Chinese leader’s visit, thus making it a milestone in the New Cold War over the direction of the global systemic transition. The worldwide struggle between this pole and the Golden Billion will intensify, especially in the Global South, which will reinforce India’s importance in helping fellow developing states balance between both and thus bring about true tripolarity.

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

Support the Automatic Earth in virustime. Click at the top of the sidebars to donate with Paypal and Patreon.

Mar 112023
 


Henri Matisse Young Woman at the Window, Sunset 1921

Andrew Korybko:

Reuters reported on Wednesday that “India’s Oil Deals With Russia Dent Decades-Old Dollar Dominance”, which informed their audience that the growing trend of those two using national or third-party currencies like the UAE’s is something significant for everyone to pay attention to. To that outlet’s credit, it also reminded readers that IMF Deputy Managing Director Gita Gopinath foresaw in the month after Russia’s special operation began that the West’s sanctions “could erode the dollar’s dominance”.

Lo and behold, that’s precisely what happened, with India of all countries accelerating de-dollarization through its non-dollar-denominated energy deals with Russia. About them, Russia has since become India’s largest supplier over the past year and now provides a whopping 35% of that country’s needs, which is also the world’s third-largest oil importer and fifth-largest economy. Their new energy ties, and particularly the growing de-dollarization dimension of their deals, are thus globally important.

None of what was just described is driven by any anti-American animus on India’s part since everything is purely motivated by the pursuit of that country’s objective national interests. Delhi had no choice but to gradually diversify away from dollar-denominated energy deals with Moscow due to Washington’s illegal sanctions. Its multipolar leadership wasn’t going to let the world’s most populous country slip into an economic crisis just to please the US by eschewing the import of discounted oil from Russia.

By defying American pressure upon it to unilaterally concede on those aforementioned objective national interests, India’s economy ended up growing at twice the pace of China’s, which contributed to catapulting that country to the forefront of the global systemic transition to multipolarity. Amidst the impending trifurcation of International Relations, India is now poised to de facto lead the Global South in helping fellow developing countries balance between the Golden Billion and the Sino-Russo Entente.

Had India complied with the US’ illegal sanctions, then the New York Times wouldn’t have recently admitted that those restrictions failed just like the West’s efforts to “isolate” Russia did as well. It was largely due to that South Asian Great Power’s truly independent grand strategy that this latest phase of the New Cold War didn’t decisively end in the Golden Billion’s victory over Russia and the restoration of unipolarity, which would have been detrimental to India and every other developing country’s interests.

India therefore changed the course of history by remaining committed to the pursuit of its objective national interests, which to remind everyone, aren’t driven by any desire to harm the interests of third parties like the US. Its leading role in de-dollarization via its increasing number of non-dollar-denominated energy deals with Russia is also reshaping the global financial system by reducing that currency’s prior dominance and thus leading to a more multipolar state of affairs for everyone.

Even the US itself seems to have finally accepted that it can’t reverse this trend, which is evidenced by former Indian Ambassador to Russia Kanwal Sibal recently telling TASS that “Lately, the discourse from Washington has changed and India is no longer being asked to stop buying oil from Russia. In a recent visit to India, the US Treasury Secretary actually said that India can buy discounted oil from Russia as much as it wants so long as western tankers and insurance companies are not used.”

Nevertheless, radical liberalglobalist ideologues like Color Revolution mastermind George Soros are still desperately clinging to the dream of restoring the US’ rapidly declining unipolar hegemony, hence why he de facto declared Hybrid War against India during the Munich Security Conference last month. It remains unclear whether he and his network have enough support in the Western Establishment to advance that regime change agenda, but his threat is still worrisome and should be taken seriously.

Reuters’ latest report about India’s role in accelerating de-dollarization might fuel interest among likeminded “Western Exceptionalists” in supporting his de facto Hybrid War against that country so observers should closely monitor related developments in order to assess whether this happens. In any case, those who sincerely support multipolarity should loudly applaud India for its indispensable role in comprehensively facilitating this process, especially its financial dimension as described in this analysis.

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

Support the Automatic Earth in virustime. Click at the top of the sidebars to donate with Paypal and Patreon.

Mar 042023
 
 March 4, 2023  Posted by at 1:05 pm Finance Tagged with: , , , , , , , ,  8 Responses »


Robert Capa Capucine, French model and actress, on a balcony, Rome 1951

Andrew Korybko:

The global systemic transition’s impending evolution towards tri-multipolarity could see the US-led West’s Golden Billion, the Sino-Russo Entente, and the de facto Indian-led Global South becoming the most prominent poles in International Relations, below which would be rising powers and regional groups. All actors would balance one another by multi-aligning within and between their respective levels, which might result in stabilizing global affairs much more than the prior unipolar and bi-multipolar orders did.

International Relations are hurtling towards tripolarity at an astounding pace as a result of the dramatic events that unfolded over the past year and especially the last month. Those readers who haven’t closely been following this megatrend might be taken aback by this assessment, hence the need for them to review the following analyses that’ll place everything into its appropriate context. After listing them, they’ll then be summarized for convenience before explaining what might soon come next:

The “New Détente”

To oversimplify the confluence of these complex trends, the US prioritized containing Russia in order to facilitate its containment of China, ergo the latest phase of the Ukrainian Conflict that it provoked via Moscow’s ongoing special operation there. Throughout the course of the NATO-Russian proxy war that followed, the US successfully reasserted its unipolar hegemony over the EU while destabilizing the globalized system upon which China’s grand strategy depends, thus giving it an edge over Beijing.

This in turn prompted President Xi to initiate an attempted “New Détente” during mid-November’s G20 Summit in Bali, during which time he hoped that China and the US could eventually reach a series of mutual compromises aimed at establishing a “new normal” in their ties. The purpose behind doing so was to delay the end of the bi-multipolar world order within which these two superpowers exerted the most influence over International Relations, which was challenged by India’s rise over the past year.

India’s Game-Changing Influence

That South Asian state became a globally significant Great Power during this time as a result of its masterful balancing act between the US-led West’s Golden Billion and the jointly BRICS– & SCO-led Global South of which it’s a part. Its kingmaker role in the New Cold War between them over the direction of the global systemic transition enabled the rest of the Global South to rise in India’s wake, thus revolutionizing International Relations by accelerating the emergence of tri-multipolarity.

The aforementioned sequence of events imbued the Sino-American “New Détente” with a sense of urgency since both superpowers had self-interested reasons for regaining joint control of these processes, though their attempted rapprochement was unexpectedly derailed by the balloon incident. The resultantly renewed influence of hardline factions over policymaking that occurred in the aftermath of that incident abruptly ended their incipient talks and placed them on the trajectory of intense rivalry.

China’s Grand Strategic Recalculations

In parallel with the abovementioned development, NATO declared that it’s in a so-called “race of logistics”/“war of attrition” with Russia, which implied that it’ll redouble its military support to Kiev even at the expense of meeting its own members’ minimum national security needs. Should that bloc succeed in making a breakthrough along the Line of Control (LOC), then it could catalyze the worst-case scenario of Russia’s “Balkanization” if those disadvantageous military-strategic dynamics spiral out of control.

Both President Putin and his predecessor Medvedev recently warned about that possibility, which remains unlikely for now but still can’t be discounted, thus contributing to China’s gradual recalibration of its approach to the NATO-Russian proxy war when coupled with the end of the “New Détente”. This directly led to the People’s Republic seriously considering the dispatch of lethal aid to its strategic partner in order to offset that worst-case scenario, thus prompting sanctions threats from the West.

“The Great Trifurcation”

In the event that China feels forced by NATO to aid Russia in such a way and the Golden Billion imposes sanctions against it in response, then it’s expected that a US-initiated Chinese-European “decoupling” along the lines of the prior US-initiated Russian-European one could potentially follow. Reuters’ exclusive report on Wednesday citing four unnamed US officials and other sources extended credence to the preceding scenario by revealing that the Golden Billion is indeed discussing multilateral sanctions.

Should those two developments take place – China arming Russia and then being sanctioned by the Golden Billion in a way that provokes their “decoupling” (whether gradual or instantaneous) – then International Relations would enter a period of tri-multipolarity characterized by the prominence of three poles that exert the most influence over global affairs, but whose influence nevertheless wouldn’t be absolute since it’ll be kept in check to an extent by rising powers and regional groups.

The Tri-Multipolar World Order

The three expected poles are the US-led West’s Golden Billion, the Sino-Russo Entente, and the de facto Indian-led Global South that’ll likely continue informally assembling into a new Non-Aligned Movement (“Neo-NAM”). Within the last-mentioned will reside rising powers like BrazilIranSouth Africa, and Turkiye, among others, alongside regional groups like the African Union (AU), ASEAN, and the Community of Latin American and Caribbean States (CELAC).

Each of these three categories of actors – the three poles as well as the rising powers and regional groups that sit below the former in this informal international hierarchy – are expected to balance one another by multi-aligning within and between their respective levels. India’s role will be the most important of them all since it’s poised to facilitate trade between the Golden Billion and the Sino-Russo Entente in the event that their potential “decoupling” is taken to an extreme, which can’t be ruled out.

India’s Kingmaker Role

Furthermore, India’s earlier virtual hosting of the Voice Of Global South Summit positioned this civilization-state as the center of gravity for its fellow developing peers, which bolsters the likelihood that the Neo-NAM will continue informally assembling around it. From there, India can promote its own financial, technological, and other platforms in order to provide Global South states with a neutral third choice between the Golden Billion and the Sino-Russo Entente’s respective ones in the New Cold War.

Those rising powers and regional groups that participate within the unofficially Indian-led Neo-NAM could also develop their own platforms too, but India’s might become the standard for facilitating engagement between them at their early stages. In parallel, global fora like the UN and G20 will no longer have much significance other than functioning as talking clubs, while interests-driven and regional groups will replace their prior role in promoting tangible cooperation between countries.

Concluding Thoughts

The global systemic transition’s impending evolution towards tri-multipolarity could see the US-led West’s Golden Billion, the Sino-Russo Entente, and the de facto Indian-led Global South becoming the most prominent poles in International Relations, below which would be rising powers and regional groups. All actors would balance one another by multi-aligning within and between their respective levels, which might result in stabilizing global affairs much more than the prior unipolar and bi-multipolar orders did.

Background Briefings

* 7 October 2021: “Towards Bi-Multipolarity

* 16 December 2021: “The Neo-NAM: From Vision To Reality

* 15 March 2022: “Why Did The U.S. Prioritize Containing Russia Over China?

* 26 March 2022: “Russia Is Waging an Existential Struggle in Defense of Its Independence & Sovereignty

* 22 May 2022: “Russia, Iran, And India Are Creating A Third Pole Of Influence In International Relations

* 6 June 2022: “India Is The Irreplaceable Balancing Force In The Global Systemic Transition

* 20 June 2022: “Towards Dual-Tripolarity: An Indian Grand Strategy For The Age Of Complexity

* 5 August 2022: “The Russian Foreign Ministry Comprehensively Explained The Global Systemic Transition

*  1 October 2022: “The Ukrainian Conflict Might Have Already Derailed China’s Superpower Trajectory

* 29 October 2022: “The Importance Of Properly Framing The New Cold War

* 19 November 2022: “Analyzing The US-Chinese-Russian-Indian Interplay In The Global Systemic Transition

* 29 November 2022: “The Evolution Of Key Players’ Perceptions Across The Course Of The Ukrainian Conflict

* 14 December 2022: “India’s Principled Neutrality Reaps Grand Strategic Dividends

* 28 December 2022: “The Five Ways That The US Successfully Reasserted Its Hegemony Over Europe In 2022

* 1 January 2023: “The New York Times Tried To Throw Shade On India’s Global Rise

* 7 January 2023: “India’s Global South Summit Is The Most Important Multilateral Event In Decades

* 11 January 2023: “Exposing Western Media’s Narrative Agenda In Spinning The Sino-American New Détente

* 4 February 2023: “The Chinese Balloon Incident Could Decisively Shift China’s & The US’ ‘Deep State’ Dynamics

* 14 February 2023: “NATO’s Self-Declared ‘Race Of Logistics’ Confirms The Bloc’s Military-Industrial Crisis

* 26 February 2023: “China Compellingly Appears To Be Recalibrating Its Approach To The NATO-Russian Proxy War

* 28 February 2023: “Just How Drastically Would The World Change If China Armed Russia?

* 1 March 2023: “Global Fora Like The UN & G20 Are Gradually Losing Their Importance

* 1 March 2023: “Germany Is Lying: Chinese Arms Shipments To Russia Wouldn’t Violate International Law

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

Support the Automatic Earth in virustime. Click at the top of the sidebars to donate with Paypal and Patreon.

Feb 092023
 


Anthony Van Dyck Self portrait with sunflower 1632

 

 

More from Andrew Korybko on a interesting theme: how the sanctions on Russia created a whole new energy supply line.

 

 

Andrew Korybko:

 

Indian media revealed in mid-January that their country had been processing and re-exporting discounted Russian oil to the West, including the US, in a move that discredited the spirit of that de facto New Cold War bloc’s anti-Russian sanctions. Most observers brushed off those reports since they went against their worldview wherein it was taken for granted that the US-led West’s Golden Billion wouldn’t ever relieve pressure on Russia by having India serve as the middleman in their oil trade.

According to an expert quoted by Bloomberg in their latest report titled “Oil’s New Map: How India Turns Russia Crude Into The West’s Fuel”, “India’s willingness to buy more Russian crude at a steeper discount is a feature, not a bug, in the plan of Western nations to impose economic pain on Putin without imposing it on themselves.” Another one was cited as saying that “US treasury officials have two main goals: keep the market well supplied, and deprive Russia of oil revenue.”

That other expert added that “They are aware that Indian and Chinese refiners can earn bigger margins by buying discounted Russian crude and exporting products at market prices. They’re fine with that.” This insight from Bloomberg, which is held in high regard as one of the world’s premier business outlets, completely shifts the paradigm through which observers interpret the energy dimension of the Golden Billion’s anti-Russian sanctions.

The “official narrative” up until this point was that they were aimed bankrupting the Kremlin in the hopes that it would immediately stop its ongoing special operation and perhaps even “Balkanize” if the desired economic collapse catalyzed uncontrollable socio-political processes like during the late 1980s. The New York Times recently admitted that the anti-Russian sanctions failed, however, pointing to reputable evidence that this targeted state’s economy has stopped contracting and even began to grow.

In the face of these “politically inconvenient” facts, it was thus foreseeable in hindsight that the “official narrative” would have to more comprehensively change in an attempt for the Golden Billion to “save face” before its people, ergo Bloomberg’s latest contribution to this perception management end. The public is now being gaslighted into thinking that the sanctions were never meant to bankrupt the Kremlin, stop its special operation, or “Balkanize” Russia, but just erode a little bit of its revenue.

The reality is that the outcome reported upon by Bloomberg is indeed a “bug” and not a “feature” like they’re claiming in hindsight out of desperation to revise history for self-interested soft power reasons. The Golden Billion didn’t fully forecast the lasting consequences of their sanctions since they naively took for granted that they’d immediately bankrupt the Kremlin, stop its special operation, and subsequently “Balkanize” Russia, none of which ultimately transpired.

They can’t rescind their unilateral economic restrictions though since that would be an unprecedented soft power victory for Russia, hence why they began putting feelers out across the market to explore alternative workarounds for ensuring the reliability of their imports, albeit at a premium. India’s pragmatic policy of principled neutrality towards the Ukrainian Conflict in full defiance of US demands upon it to “isolate” Russia ended up being an inadvertent godsend for the West in this context.

Had that globally significant Great Power not ramped up its purchase of Russian oil to the extent that it did in order to withstand the systemic shocks caused by the West’s sanctions and which destabilized dozens of fellow Global South states, then there wouldn’t be excess supply for re-export. After helping them meet their needs, which wasn’t part of some “5D chess master plan” between India and the West but the organic outcome of how events unfolded, they reduced their pressure upon it as a quid pro quo.

It was difficult to explain late last year why the US noticeably began reducing pressure on India to distance itself from Russia, but it was thought at the time that this was simply a delayed recognition of geostrategic reality and was being done for pragmatism’s sake to retain their strategic ties. Now, however, it appears as though India’s indispensable role in the global energy market as the middleman in facilitating the now-taboo Russian-Western energy trade played a role in the US’ policy recalibration.

From this insight, it can be concluded that India succeeded not only in resisting US-led Western pressure upon it vis-à-vis its relations with Russia, but also unwittingly ended up doing the Golden Billion a favor in the process by placing itself in the position to ensure the reliability of their energy imports. This observation speaks to its newfound role as the kingmaker in the New Cold War, which will imbue it with increasingly more influence within the global systemic transition the longer that this struggle continues.

 

 

 

We try to run the Automatic Earth on donations. Since ad revenue has collapsed, you are now not just a reader, but an integral part of the process that builds this site. Thank you for your support.

 

 

Support the Automatic Earth in virustime. Click at the top of the sidebars to donate with Paypal and Patreon.