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Debt Rattle March 30 2023

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.

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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.”

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“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.

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“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.

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“..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.

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“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.”

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“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.

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“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.”

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“..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.

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“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.

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“..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.

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“..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.

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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.

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“..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.

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

 

 

 

 

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

 

 

Giants

 

 

 

 

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Xi’s Trip To Moscow Solidifies The Sino-Russo Entente

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 Indian–led 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, liberal–globalist 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.

 

 

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India Takes A Leading Role In De-Dollarization

Mar 112023
 
 March 11, 2023  Posted by at 1:15 pm Finance Tagged with: , , , , , , , ,  4 Responses »


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 liberal–globalist 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.

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Tri-Multipolarity

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 Brazil, Iran, South 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”

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Sanctions Made India Indispensable To The Global Energy Market

Feb 092023
 
 February 9, 2023  Posted by at 5:11 pm Finance Tagged with: , , , , , , ,  6 Responses »


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.

 

 

 

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Debt Rattle February 7 2023

Feb 072023
 
 February 7, 2023  Posted by at 10:00 am Finance Tagged with: , , , , , , , , ,  63 Responses »


Georgia O’Keeffe Sunflower, New Mexico I 1935

 

• World Heading Into ‘Wider War’ – UN chief (RT)
• Ukraine Using Chemical Weapons In Donetsk – DPR leader (TASS)
• Ukrainian Refugees Are Becoming A Burden To The Baltic States (Milacic)
• FTX Demands Politicians Return Millions In SBF Donations (ZH)
• Why Shinzo Abe Was Assassinated (Chung)
• India Predicts 500% Increase In Domestic Natural Gas Demand (ZH)
• India and Russia Ditching Dollar In Energy Deal – Novatek (RT)
• ‘Doctor Doom’ Says US Dollar Reign Is Ending (RT)
• Welcome To the Death Spiral (John Rubino)
• Incentives Matter (Denninger)
• GB News Presenter Quits After Channel Tries To Make Him Pay Ofcom Fines (G.)
• Fauci Makes Absurd Amount of Money for “Speaking Engagements” (TP)
• Mind-Blowing Reality of Death after Injection (MOL)
• Chinese Spy Balloon Carried Explosives To Self-detonate (PM)

 

 

 

 

Putin

 

 

 

 

Ausexit
https://twitter.com/i/status/1622679275466891264

 

 

 

 

 

 

Gonzalo: Zelensky going to Brussels? Now? Really. Just as Bakhmut is about to fall—and the Russians launch their offensive. Just as all his supporters have been purged from the government—and he might be next. I bet Zelensky doesn’t return to Kiev from this trip. I bet he’s running.

 

 

 

 

“We need to wake up – and get to work..” Well, what are you waiting for? Get a peace conference together.

• World Heading Into ‘Wider War’ – UN chief (RT)

The world has come close to a global conflict, UN Secretary-General Antonio Guterres warned on Monday. The global community is not “sleepwalking” into “a wider war” but marches towards it “with its eyes wide open,” he stressed in a speech to the General Assembly. “The prospects for peace keep diminishing. The chances of further escalation and bloodshed keep growing,” Guterres said, denouncing the lack of “strategic vision” and “bias” that prevent political decision-makers from taking steps in the right direction. “This near-term thinking is not only deeply irresponsible – it is immoral,” he argued, adding that politicians and entrepreneurs became too absorbed with clinging to power and their business cycles.

The secretary-general also blasted the erosion of international law and order based on UN principles, which, according to him, led to the present sorry state of affairs. “If every country fulfilled its obligations under the [UN] Charter, the right to peace would be guaranteed,” he noted, calling on UN members to “to transform our approach to peace by recommitting to the Charter – putting human rights and dignity first, with prevention at the heart.” “We need to wake up – and get to work,” Guterres said, adding that 2023 had placed humanity in front of a “confluence of challenges unlike any in our lifetimes.”


The UN chief also pointed to the fact that scientists have moved the symbolic “Doomsday clock,” which reflects the potential annihilation of humanity, from 90 seconds to midnight – the closest it has ever been to a possible Armageddon. The UN chief’s words came after the US and its allies vowed to send dozens of Western-designed modern battle tanks to Ukraine amid the ongoing conflict between Moscow and Kiev. The Pentagon also announced supplying the Ukrainian forces with munitions that have a 150-kilometer range, adding that it would allow Kiev to use them as it sees fit. Moscow has previously repeatedly warned that continued weapons supplies to Ukraine by the US and its allies risk further escalation that might spiral into a direct conflict between Russia and NATO.

Read more …

There are videos floating around.

• Ukraine Using Chemical Weapons In Donetsk – DPR leader (TASS)

A search for additional ways to protect troops from the chemical weapons that Ukrainian forces are using is underway in the Donetsk People’s Republic (DPR), the region’s Acting Head Denis Pushilin said on Monday.”We currently seek to equip our units [with chemical protection suits]. Then again, we have some of the things that we need but it’s not always comfortable to constantly wear chemical protection suits while in position. Certainly, it makes it harder for our forces to perform their missions so we are looking for additional ways to protect our troops,” he told the Rossiya-24 TV channel. Pushilin pointed out that experts had not yet had the chance to figure out what substances the Ukrainian forces were using.


“They trigger coughing, followed by watery eyes and general discomfort,” he said, describing the effect of the Ukrainian chemical weapons. Yan Gagin, an advisor to the Donetsk People’s Republic’s (DPR) leader, said earlier that the Kiev regime’s forces had used chemical weapons along the Soledar and Artyomovsk frontlines on February 5. He stressed that it wasn’t the first time that Ukraine had used chemical weapons. Gagin added that the Ukrainian military made no secret that it had prohibited weapons, posting videos showing imported gas grenades and drones designed for discharging them. Pushilin said on Monday that evidence corroborating the use of chemical weapons by the Armed Forces of Ukraine had also been found along the Ugledar frontline.

Read more …

“Ukrainians feel like the masters of Lithuania here. No one talks about this, but in Lithuania, almost every administrative institution has a flag of Ukraine. In our parliament, the flag of Ukraine also hangs.”

• Ukrainian Refugees Are Becoming A Burden To The Baltic States (Milacic)

Every conflict, including this one in Ukraine, always leads to refugees. Considering the size of Ukraine, it is not surprising that a large number of Ukrainian refugees are in Russia and in Europe. Ukrainian refugees were the topic of an interesting online conference, where you could hear very interesting information from experts about Ukrainian refugees in the Baltics. The name of the online conference was “Ukrainian refugees in the Baltic States, social aspects of integration into society”. During the meeting, experts from the Baltic countries discussed the problem of Ukrainian refugees and their impact on the lives of Latvia, Lithuania and Estonia. The conference was held in Russian. It is curious that even 32 years after the collapse of the USSR, the inhabitants of the Baltic countries prefer Russian rather than English in interstate communication.

[..] “Ukrainians feel like the masters of Lithuania here. No one talks about this, but in Lithuania, almost every administrative institution has a flag of Ukraine. In our parliament, the flag of Ukraine also hangs. This is very painful for us Lithuanians!” The Baltics are also annoyed by “imaginary” refugees who travel to European countries from regions where there are no hostilities. And they require special treatment and all kinds of support. Allan Hantsom, editor-in-chief of the Estonian newspaper Delovye Vedomosti: “There are people who are fleeing the war, but the majority quietly leave those regions where there are no hostilities or rocket attacks. Very different people. Some come on buses with trunks, others – on expensive cars, and they also demand free rations and free accommodation. Especially now there is a crisis in the countries and now the Europeans are more and more concerned about their own problems: inflation, shortage of fuel and housing.”

After all, Europe’s resources for accepting refugees from Ukraine are running out, which leads to the curtailment of assistance programs and the cessation of accepting new migrants. At the same time, the Baltics should be prepared for the fact that refugees from Ukraine will remain there for many years even after the end of the conflict. The inhabitants of the Baltics are increasingly tired of forced guests, but they can’t do anything, because the course of the authorities is the same: “Everything for the sake of Ukraine, and let their residents survive somehow on their own!

Because of that, Estonians began to object. Why does a person who came from a foreign country, who does not know the language and has nothing to do with Estonia, get everything, and local people from the provinces are forced to live in poverty, work at low-paid jobs? Why not provide them with conditions? A refugee arrives in the capital – here’s a ration for you, here’s your living allowance. A lot of people from the Estonian hinterland would also like to live in hotels and on ferries, so that the state pays for everything. Ukrainian refugees, instead of learning the language and considering the Baltic states as their “second homeland”, impose their customs and rules of behavior.

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They should ask for Ukraine’s money back too. That would make it real funy.

• FTX Demands Politicians Return Millions In SBF Donations (ZH)

Just when you thought the FTX travesty couldn’t get any more bizarre, the now bankrupt company is trying to claw back political donations and other spending that took place at the direction of former CEO Sam Bankman-Fried. A press release made its way out mid-day Sunday that FTX’s debtors and the company had sent “confidential messages to political figures, political action funds, and other recipients of contributions or other payments that were made by or at the direction of the FTX Debtors, Samuel Bankman-Fried or other officers or principals of the FTX Debtors” requesting the funds back. “These recipients are requested to return such funds to the FTX Debtors by February 28, 2023,” the release states. It continues: “The messages follow the December 19, 2022, announcement by the FTX Debtors that they have established arrangements for such recipients to return funds voluntarily by contacting (FTXrepay@ftx.us).”


Then, the release threatens legal action to those who are unwilling to return funds: “To the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence actions before the Bankruptcy Court to require the return of such payments, with interest accruing from the date any action is commenced.” “Recipients are cautioned that making a payment or donation to a third party (including a charity) in the amount of any payment received from a FTX Contributor does not prevent the FTX Debtors from seeking recovery from the recipient or any subsequent transferee,” the release says. We noted back in December that $73 million in political donations were now at risk as a result of the bankruptcy. SBF also donated to Democratic Rep. Ritchie Torres of New York, who last year was one of 8 members of Congress who lobbied against regulating crypto. “Nobody ends up looking great in this,” said University of Rochester political science professor, David Primo, at the time.

“While there’s precedent for forcing political entities to return contributions in cases of fraud, recovery prospects are unclear in FTX’s case. Recouping campaign funds as part of the bankruptcy proceedings is a complicated and lengthy process, and the scope of the total funds eligible for clawback depends on myriad federal and state laws. It is also subject to the bankruptcy lawyers’ judgment on what money, which may be long spent by the time the FTX trustees try to go after it, is worth the effort. Bankman-Fried is facing additional scrutiny for recently saying he gave equally to Republicans and Democrats, but funded conservatives through “dark money” groups that don’t identify donors. The claim is almost impossible to verify unless the recipients voluntarily disclose they received money from him.” -Bloomberg

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“..Abe was not willing to sell off Japan as a satrapy, however, that was exactly what the western diktat was essentially demanding of Japan..”

Worth reading the whole piece.

• Why Shinzo Abe Was Assassinated (Chung)

Former Prime Minister of Japan Shinzo Abe was assassinated July 8th, 2022, and though no longer in the position of Prime Minister of Japan at the time of his assassination (having served from 2006-2007 and 2012- September 16, 2020) he was the longest serving prime minister in Japanese history and continued to exert major influence on policy-shaping within Japan. News of Abe’s assassination was received around the world with an admixture of very strong emotion from both extremes. Some were horrified by his death and praised what he had done for Japan as something almost saintly. Others ecstatically celebrated his death, thinking no possible good could come from him due to his attempts to revive the dark side of Japan’s imperial past and his public displays of tribute to the Japanese fascists from WWII. When the news was still fresh and the frenzy of confusion at its peak, many even blamed China for the orchestration of Abe’s death, thinking they were clearly the ones to benefit from such an act.

It is true that Abe had a very dangerous and destructive mission to restore Japan to its status as an imperialistic empire. He was a corrupt insider who pushed for the dangerous privatization of the Japanese government and increased the gap between the wealthy and middle-class citizens. However, it is also too simplistic as to celebrate his death as an absolute triumph. As we can clearly see seven months after Abe’s assassination, Japan has not become more peaceful and ready for dialogue with its eastern partners but rather has become much more bellicose and stauncher in its cooperation with the increasingly war frenzied western demands. Japan has also greatly severed motion towards greater economic and political cooperation with Russia and China, which was still moving forward when Abe was alive.

It is also interesting to note that Abe was assassinated weeks before Pelosi’s Circus Tour to Taiwan. Although Pelosi’s provocation did not amount to any military confrontation, we cannot say that that was not its intention, nor that things could have played out very differently in terms of a military confrontation between China and the United States. The reader should be reminded that in 2014, Japan had changed or “reinterpreted” its constitution which gave more powers to the Japan Self-Defense Forces, allowing them to “defend other allies” in case of war being declared upon them. The United States, of course, fully supported the move. This “reinterpretation” of Japan’s constitution effectively entered it into NATO. In December 2022, Japan announced a new national security strategy. This new strategy would double defense spending. Japan also plans to invest in counter-strike capabilities, including buying U.S. Tomahawk cruise missiles and developing its own weapons systems.

It was precisely Abe’s grand vision of Japan returning to its “glory” days as an empire that was problematic for the League of Nations vision, for if Japan saw itself on par with other great empires, or perhaps even greater, it meant that it did not ultimately intend to bend the knee. That is, Abe was not willing to sell off Japan as a satrapy, however, that was exactly what the western diktat was essentially demanding of Japan. Under this western diktat Japan was being ordered to accept its fate to collapse economically and sink into desperation, become increasingly militaristic and extremist and lead a kamikaze charge into a war with China and Russia which would lead to the ruination of the Japanese civilization. It does not look like Abe was going to go along with that stark vision for Japan.

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“I will be very frank,” Puri said, “we will play the market card …”

• India Predicts 500% Increase In Domestic Natural Gas Demand (ZH)

Indian Prime Minister Narendra Modi on Monday projected that the country’s gas demand would rise 500% due to the rapid pace of development, while its share of global oil demand would more than double. While the Indian prime minister did not offer a specific time frame for this major boost in demand, he said that the country’s energy demand would be highest in the present decade. Modi’s statement, delivered during the opening ceremony of India Energy Week 2023, coincides with a recent OPEC report that expects India to be the largest contributor to incremental demand, with the country expected to add some 6.3 million bpd until 2045. Overall, OPEC said it saw demand increasing to 110 million bpd in 2045, up from 97 million bpd in 2021. Modi predicts India’s share in global oil demand will increase from 5% to 11%.


The Indian prime minister used the occasion to highlight the country’s plans to boost exploration and production, which he said would provide opportunities for investors. Right now, India relies on imports for some 85% of its energy needs, with India and China being the largest importers of oil and gas in the world. With this in mind, India will remove significant restrictions on exploration, reducing “no-go” areas for E&P companies. India also plans to expand its refining capacity, along with its LNG import capacity by 2030. Asia is now the biggest buyer of Russian crude since the imposition of Western sanctions following Putin’s invasion of Ukraine. Some 70% of Russian Urals January loading cargoes were bound for India, according to Reuters data. India’s oil minister, Hardeep Singh Puri, also said on Monday that regardless of Western sanctions, the country would not shun Russian oil, which it receives at a discount to Brent crude. “I will be very frank,” Puri said, “we will play the market card …”

Read more …

LNG.

• India and Russia Ditching Dollar In Energy Deal – Novatek (RT)

Russia’s largest independent gas producer, Novatek, is in talks with India over long-term contracts on supplies of liquefied natural gas (LNG), the company’s CEO, Leonid Mikhelson, announced on Monday. Negotiations with several Indian companies are underway as Russia is keen to invest in the country’s energy sector and further expand cooperation, he told reporters on the sidelines of the India Energy Week forum. “We want to be not just LNG suppliers, Indian engineering companies are already taking part in our projects and there’s a certain share of Indian suppliers in equipment. We want to expand and increase it,” Novatek’s CEO pointed out.


Mikhelson added that his company was interested in a broader investment into the Indian market, including the construction of regasification terminals for LNG production. He also revealed that the sides were considering settling LNG supply payments in national currencies – rupees or rubles – bypassing US dollar transactions. “We discussed it with the energy minister [Hardeep Singh Puri],” Mikhelson confirmed without specifying exact numbers. Earlier, Reuters reported that India’s main gas distributor GAIL was discussing the terms of a long-term contract on LNG imports with Novatek. The companies are close to signing a preliminary agreement, according to sources in the industry.

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We’re all saying that. Question is the timing.

• ‘Doctor Doom’ Says US Dollar Reign Is Ending (RT)

The US dollar’s status as the world’s main reserve currency is in jeopardy, renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008, wrote in an article for the Financial Times on Sunday. While no currency is yet capable of replacing the greenback on the pedestal altogether, the US currency is quickly losing its competitive advantage to the Chinese yuan, Roubini said. “Given the increased weaponization of the dollar for national security purposes, and the growing geopolitical rivalry between the west and revisionist powers such as China, Russia, Iran and North Korea, some argue that de-dollarization will accelerate…In a world that will be increasingly divided into two geopolitical spheres of influence – namely those surrounding the US and China – it is likely that a bipolar…currency regime will eventually replace the unipolar one,” the economist, dubbed ‘Doctor Doom’ by Wall Street for his tendency toward grim predictions, stated.

Sceptics note that the yuan cannot become a true reserve currency unless Beijing lifts capital controls, accepts permanent current account deficits, and the yuan’s exchange rate becomes more flexible. But the economist argues that such points are no longer valid, as Washington is actively undermining the allure of its currency with sanctions. “Complete exchange rate flexibility and international capital mobility is not necessary in order for a country to achieve reserve currency status…And while China may have capital controls, the US has its own version that may reduce the appeal of dollar assets among foes and relative friends. These include financial sanctions against its rivals, restrictions to inward investment in many national security-sensitive sectors and firms, and even secondary sanctions against friends who violate the primary ones,” Roubini argued.


The economist also noted that China has been stepping up yuan transactions with its foreign partners, and said this trend will likely continue, with more emerging market economies welcoming “the ability to trade oil in [yuan] and to hold a greater share of their reserves in the Chinese currency… given that they do a great deal more trade with China than the US.” He added that new technologies, like CBDCs, Alipay-like payment systems, swap lines between China and its partners and national analogs of the SWIFT messaging system, “will hasten the advent of a bipolar global monetary and financial system.” “For all these reasons, the relative decline of the US dollar as the main reserve currency is likely to occur over the next decade. The intensifying geopolitical contest between Washington and Beijing will inevitably be felt in a bipolar global reserve currency regime as well,” Roubini concluded.

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“This year the government’s annual interest bill will break $1 trillion. Combine that with the soaring cost of Medicare and Social Security as millions of Baby Boomers retire, and Washington is looking at $2 trillion a year just in just interest and entitlements..”

John Rubino has been a strong supporter of the Automatic Earth since the start. Which reminds me, I totally forgot that we had our 15th anniversary on Jan. 22.

• Welcome To the Death Spiral (John Rubino)

Gold bugs and other long-suffering critics of fiat currency and endless credit expansion have for decades been predicting that soaring debt would eventually blow up the financial world. As the story went, governments with unlimited printing presses would spend and borrow too much, forcing their central banks to keep interest rates unnaturally low to make interest costs manageable, which would encourage even more credit growth, causing inflation to spike, and so on, until everyone loses faith in fiat currencies and the misbegotten things fall to their intrinsic value of zero. That’s a bit hard to visualize when it’s explained in long, convoluted sentences. But it’s a lot clearer when you line up the relevant charts. So let’s start with US government debt, which has gone parabolic.

Ever-increasing debt is manageable if interest rates fall concurrently so the interest on that debt doesn’t change. And that’s what happened between 1980 and 2021. The Fed pushed down interest rates, which minimized interest costs, which lulled a shockingly gullible investment community and political class into the belief that this process could continue forever.

But of course it couldn’t continue forever. As the critics predicted, soaring debt required ever greater currency creation which eventually caused the cost of living to jump by 10% in 2022, leading regular people to demand that it stop. So the Fed now has to raise interest rates to counter inflation. You can see this happening on the far right of the above chart. As the US borrows more money and its existing debts roll over at higher rates, the cost of that debt is soaring. This year the government’s annual interest bill will break $1 trillion. Combine that with the soaring cost of Medicare and Social Security as millions of Baby Boomers retire, and Washington is looking at $2 trillion a year just in just interest and entitlements, which it will have to borrow to fund, which will send interest costs even higher, which will require more borrowing, and so on, until it all comes crashing down.

Read more …

Part of the death spiral.

• Incentives Matter (Denninger)

An interesting data point: A stunning percentage of those young people without children now never intend to have them. In fact one relatively recent survey found the number was as high as one third. The most-common reason cited? Its too expensive. Now you can try to point to this as some sort of selfishness but that’s a dodge on the real issue: You, that is us older people, made it too expensive. Specifically homes and medical care are two places where all the “older people” cheer; we get the “best” but the next can’t buy it at all. Our federal government tries to interfere in both markets and allows blatantly illegal activity when it comes to medical care, specifically as relates to price fixing, which has been a felony for over 100 years. Nobody cares and nobody will prosecute.

Since all criminal offenses in the United States are “the people .v. whoever” — that is, there’s no right of private prosecution as there is with a lawsuit, it never ends since nobody goes to jail and in fact there is a formal government policy not to indict large corporations for felony criminal acts (which could debar them permanently from government and some private activity) after Arthur Anderson. Health care has gone from about 4% to 20% of our domestic output; that is, it has multiplied in price by five. Just having a child is expensive, never mind the near-inevitable little thing here and there. Your kid breaking a leg playing a sport could bankrupt you in this country, and God forbid said child contracts a serious childhood disease such as Leukemia.

Then there’s the always-required housing. One or more kids means more bedrooms, of course; at least one more. When a one-bedroom apartment runs $12,000 a year exactly how am I supposed to pay for that if I don’t make at least $40,000 annually? Oh, we’ll just “subsidize” that you say? Uh, no you won’t because all that does is force the price even higher by throwing printed government credit at it, since the government refuses to tax what it spends first. The last two years have made clear what all the credit emission does: Food, anyone? And kids are hungry, especially teens. I had one; she was a vacuum cleaner in the fridge and pantry and boys are worse. That’s normal. How are you going to pay for it?

Of course nobody seems to think this is a problem, not even Jerome Powell at The Fed, who is saying that he has “the tools” to make inflation come down to 2%. Eventually. Note that what he didn’t say is that he will tighten credit until the price of houses returns to what it was before the 2006-2007 bubble, which was in fact still ridiculously expensive in terms of average wages which is why the bubble happened in the first place — people running up the price by using hinky financial engineering. No, importing millions of people from other lands, most with no skills, will not fix this. They come here with no skills but a willingness to pop out some kids — which makes it worse. That’s basic economics: No skills means low or no wages but demand for goods and services which of course makes the price go up even more.

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One more independent voice silenced.

• GB News Presenter Quits After Channel Tries To Make Him Pay Ofcom Fines (G.)

One of GB News’s leading presenters has quit after the channel tried to make him personally responsible for paying fines issued by the media regulator Ofcom. Mark Steyn, who presented the station’s 8pm peak-time slot, is already subject to two investigations by the media regulator after he used his show to cast doubt on the safety of Covid vaccines. The presenter’s departure has led some viewers of GB News – which has given airtime to conspiracy theorists warning of a globalist elite takeover – to suggest the channel has itself sold out to shadowy globalist forces. Steyn, who has been off-air since last year after suffering two heart attacks, told fans on his personal website that the station bosses initially insisted he could not return unless a defibrillator was fitted in the studio.

He said this was fixed with a call to “Defibrillators R Us”, only for Angelos Frangopoulos, GB News’s chief executive, to demand Steyn agree to personally cover the costs of dealing with Ofcom and paying any fines for breaches of the broadcasting code. This is a highly unusual situation given the fines are the legal responsibility of the broadcast licence holder, not the individual presenter. Steyn, who was employed on a freelance basis, said his response was that “you may be a homicidal maniac intent on bringing on a third fatal heart attack but you’ll have to do better than this”. The presenter said he used to call GB News’s in-house compliance officer “Ofcom’s bitch” when they argued about what he was allowed to say on air. “Well Ofcom’s bitch has had his revenge now,” said Steyn in his video.


Steyn said the proposal would be untenable. “I’m on the hook for Ofcom fines but I don’t have any say in our defence against an Ofcom complaint – that’s all done by GB News. Ofcom’s bitch, as I call the compliance officer, will be making the weedy defence to Ofcom and then I’m the one who has to pay the £40,000 fine,” he added. Although Ofcom has the ability to regulate the content of broadcast television and radio channels, it has no control over online streams – meaning Steyn is able to broadcast whatever he wants online to a potentially bigger audience without any intervention. The contractual terms offered to Steyn suggest GB News bosses are concerned about the impending judgment in the Ofcom investigations – which could scare away some of its remaining advertisers. Earlier this year all staff were put on mandatory Ofcom training.

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Time for a hearing under oath. In public.

• Fauci Makes Absurd Amount of Money for “Speaking Engagements” (TP)

Dr. Anthony Fauci faced criticism online on Sunday after reports emerged about his speaking fee. Critics were stunned to discover that the once highest-paid federal U.S. government employee is charging up to $100,000 for speaking engagements. This news has raised questions about Fauci’s financial motivations and independence in light of his high-profile role as a public health expert during the COVID-19 pandemic. The information was brought to light by Florida Gov. Ron DeSantis’ rapid response director, Christina Pushaw, who tweeted a screenshot from the Leading Motivational Speaker’s Agency’s website. The screenshot showed that Fauci is listed as a motivational and healthcare keynote speaker, with a fee ranging from $50,000 to $100,000.

Many argued that his high speaking fee undermines his credibility and raises ethical concerns, regardless of the public response. On October 19, 2020, President Trump called Dr. Fauci “a disaster.” The chief medical adviser to Biden is scheduled to deliver the 2023 Yale Medical School commencement speech in May. He has also been a keynote speaker at several other university commencement ceremonies, including the University of Maryland, Roger Williams University, and The City College of New York. According to a Freedom of Information Act request, Fauci was once considered the highest-paid employee of the U.S. government, earning more than even the president. In 2019, Fauci’s income reached a record high of $417,608.00, and over the previous two years, he earned $384,625.00.


Between 2010 and 2019, Forbes reported that Fauci, as head of the National Institute of Allergy and Infectious Diseases, earned $3.6 million. Watchdog group OpenTheBooks found that the Fauci family’s net worth expanded from $7.5 million in 2019 to $12.6 million by the end of 2021, due to investment gains, awards, compensation, and royalties.

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“..approximately one-quarter of a million American lives were lost during the first year of the catastrophic COVID-19 vaccine campaign..”

• Mind-Blowing Reality of Death after Injection (MOL)

Many individuals around the globe appear to have fallen into a trance where those who have undergone COVID-19 vaccination do not recognize, nor do they care when large numbers of individuals are dying suddenly without explanation days or months also after taking one of the COVID-19 vaccines. In this issue of the Report, we have an excerpt from the Headwinds documentary “The Psychology of Totalitarianism,” where Dr. Mattias Desmet, Ph.D., gives a summary of mass formation and some of the behaviors it explains, including the fear-driven affiliation with a group who believes so strongly in the vaccine, that they will do unimaginable things to the unvaccinated. Broken families, job loss, and careers ruined for the unvaccinated by those in the formation who are hell-bent on every last person taking a COVID-19 vaccine.


Cumulative excess deaths Scandinavia.

At the same time, the United States is facing catastrophic casualties with the mass vaccination program. Several sources of data emerged in 2021, pointing to a biopharmaceutical public health disaster with the COVID-19 vaccine campaign. Pfizer recorded 1223 deaths occurring shortly after administration of their product within the first 90 days of use starting December 10, 2020. Pantazatos and Seligmann reported an excess in all-cause mortality from vaccine administration and US census data during 2021 between 146k and 187k, with a midpoint of 166k deaths. By the end of December 2021, the CDC VAERS system had reported ~8K with an under-reporting factor of 30; the casualty estimate from that source was 240k. In a recent paper published in BMC Infectious Diseases, Dr. Mark Skidmore used a valid representative survey to learn from population reporting.


A total of 22% knew of someone who was seriously injured by the vaccine, and the estimate based upon deaths attributed to the vaccine by respondents was 278K deaths. In the Skidmore analysis, the average age of death reported was 48 years. This paper is important since it triangulates with two other sources for the same time interval with a conclusion that approximately one-quarter of a million American lives were lost during the first year of the catastrophic COVID-19 vaccine campaign. During 2021 the Delta outbreak took an additional toll, with lives lost to the infection, and there was no evidence to support a tradeoff. That is, no randomized, double-blind, placebo-controlled trial of COVID-19 vaccination demonstrated a reduction in death as a component of a primary or secondary endpoint. The consent form for immunization does not list mortality reduction as an expected benefit, yet it mentions death is possible with the vaccine. I anticipate more direct sources of information will become available, including vaccine administration information from the CDC linked with the National Death Index.

Unvaxxed women
https://twitter.com/i/status/1622705584435867648

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“..200 feet tall, weighed thousands of pounds, and its payload was the size of a jetliner..”

• Chinese Spy Balloon Carried Explosives To Self-detonate (PM)

Following the shooting down of a Chinese spy balloon over the weekend, Pentagon officials have revealed that the balloon potentially was carrying explosives to destroy itself. According to the Daily Mail, Air Force Gen. Glen D. VanHerck, commander of US Northern Command, revealed in a Monday call with reporters that the Balloon, in addition to potentially carrying explosives, was 200 feet tall, weighed thousands of pounds, and its payload was the size of a jetliner. VanHerck’s comments came following a briefing by National Security Council spokesman John Kirby, who defended Biden’s decision to wait to shoot down the balloon until the weekend. “Because the president decided they wouldn’t shoot it down until he could do so safely, and that meant over water, that afforded us a terrific opportunity to gain a better understanding, to study the capabilities of this balloon,” Kirby said.

/

On the coast of South Carolina on Saturday afternoon, the US military, using an F-22 fighter jet, shot down the balloon with a missile. Shortly before the balloon was shot down, Federal Aviation Administration had issued a ground stop for three airports in the Carolinas located in Wilmington, North Carolina, Charleston, South Carolina, and Myrtle Beach, South Carolina. The balloon had entered US airspace on January 28 and was known to the Biden administration for nearly a week before its report in the news on Thursday, February 2. The White House reportedly tried to keep its presence secret to not disrupt Secretary of State Antony Blinken scheduled trip to China, which was postponed after the public’s discovery of the balloon.

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C seeds
https://twitter.com/i/status/1621997452445229056

 

 

 

 

Ring
https://twitter.com/i/status/1622408086081396737

 

 

 

 

Funeral sheep

 

 


A massive sculpture of a legendary bird has taken shape at Jatayu Earth’s Center in Kerala, India, in 2020. Jatayu, the noble bird of divine origin, as recreated in concrete at the Center is 61 meters long, 46 meters wide, and 21 meters tall

 

 

 

 

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Debt Rattle November 14 2022

Nov 142022
 
 November 14, 2022  Posted by at 9:54 am Finance Tagged with: , , , , , , , , ,  47 Responses »


Rembrandt van Rijn Let the little children come to me 1627-28

 

• The Role Of “Useful Idiots” In Modern PSYOPS (Saker)
• G20 Host Urges West To Soften Anti-Russia Rhetoric – Politico (RT)
• SBF’s Disgrace Awkward For Gary Gensler And The Democrats (Fortune)
• Ukraine Invested In Top Dem Donor’s Crypto Company FTX (PM)
• America’s Neo-Nazi Bedfellows In Ukraine Latest In a Long Line (Tony Cox)
• The Road to Totalitarianism -Revisited- (CJ Hopkins)
• White House Launches ‘Climate Gender Equity Fund’ (RT)
• The ‘Garden Vs Jungle’ Worldview Is Not Only Racist, It’s Delusional (Hryce)
• Washington Attempts to Bully India into Cutting Ties with Russia (NC)
• IMF Says Global Economic Outlook Getting ‘Gloomier’ (Az.)
• German Retailers Face Nightmare Before Christmas (RT)
• Twitter Starts Massive Reductions In Contractors (RT)
• US Senator Threatens Elon Musk (RT)
• COVID-19 Mortality in England ‘Extremely Rare’ Among Under-20s (ET)

 

 

 

 

A Freeze in the Conflict?

 

 

 

 

Chappelle

 

 

Footprint

 

 

 

 

“doubleplusgoodshiteaters”

• The Role Of “Useful Idiots” In Modern PSYOPS (Saker)

The second thing I need to address is what I believe is an analytical mistake by Bernhard on Moon of Alabama. He wrote that “This move is operationally sound” and yet he added “Strategically the move is bad“. We could wonder how a move could be operationally sound but strategically bad, but let’s not even go there. Bernhard’s argument is that “It closes for now the possibility of moving into Nikolaev (Mykolaiv) and further towards Odessa“. The problem here is that when we look at a map of the region we realize something very important: there are plenty of streams and rivers which flow north to south and which flow into the Black Sea. So any move along the coastline would imply having to get across quite a few river. Is this possible? Yes, absolutely.

But is that the best option? I am not so sure at all. I will simply say that this is the option the Ukronazis and NATO have been preparing for. Another option might be to move not West but North and then turn West to basically take all the NATO defenses around the Black Sea coastline from behind. Did I mention that there is now a joint Russian-Belarussian force deployed in Belarus which seems to worry NATO a lot and which could be used to pin down NATO forces near and north of Kiev. Is that what the Russians are planning? I don’t know. All I know is that it is wrong to assume that the only way to get to Odessa is by fighting along the coastline. Last, but not least, there is the (inevitable) rumor of a deal having been made between Putin and… … huh… well… somebody in the West (who? Brandon? Sunak? Macron?).


Now that is pure, unadulterated bullshit which only true doubleplusgoodshiteaters could swallow (though clickbaiters will use it to get their clicks and visibility!). Russia and the West have been locked into an existential war for survival since AT LEAST 2013 and we are very close to a possible nuclear war, but some folks still think that Putin works for the US, the WEF, Klaus Schwab, Bibi Netanuyahu. etc. etc. etc. My position on that is simple: anybody seriously believing this crap is not worth talking to, you would have better success arguing with a door nob. I sure won’t bother with them. I would also note that IF a real behind-the-scenes deal was made, the chances of Putin finalizing that deal with Western leaders at the G20 would be a perfect opportunity to finalize a deal. Yet, in reality, Putin is not even going to attend. Reach your own conclusions.

Read more …

German PM Scholz says he wishes Putin were in Bali, so the west can tell him what they think of him.

Scholz is fully blind to the fact that the west is a minority.

• G20 Host Urges West To Soften Anti-Russia Rhetoric – Politico (RT)

G20 Summit host Indonesia is reportedly seeking to prevent the gathering of world leaders from becoming a Russia-bashing fest, urging Western politicians to temper their criticism of Moscow so all members can be brought on board with a communique at the end of the event. Indonesian President Joko Widodo and other officials in his government have asked Western leaders to make concessions on the extent of their anti-Russia rhetoric over the Ukraine crisis, Politico reported on Sunday, citing three unidentified diplomats with knowledge of the talks. The two-day summit will begin on Tuesday in Bali, and Widodo hopes to find enough common ground that all G20 members, including Russia and China, can agree to a group declaration.

Widodo also aims to prevent the group from following in the footsteps of the G8, which kicked out Moscow and became the G7 after Crimea voted to become part of Russia in 2014. A G7 statement earlier this month condemned Russia for its “war of aggression” against Ukraine and called for all Russian forces to be withdrawn from the former Soviet republic. The group also accused Russia of war crimes in Ukraine and blasted the Kremlin for “irresponsible nuclear rhetoric.” Such a statement wouldn’t likely find consensus in Bali, where Russia will be represented by Foreign Minister Sergei Lavrov. Several other G20 members, including China, India, Brazil and Saudi Arabia, would be reluctant, at the least, to sign on to a communique rebuking Russia. Politico said one possibility would be to issue a more general joint statement calling for “upholding international law.”


“Obviously we can’t be as tough as we do it in G7 when you need the Russians, Chinese and Saudis to agree,” a Western diplomat told the media outlet. “The question is how much we need to delete.” The US, Canada, Japan, Australia and major European countries are among the G20 members that Indonesian officials are targeting with their pleas for softer rhetoric. Widodo also hopes to avoid controversy over a group photo, like those typically taken at G20 meetings to show solidarity, given that some members might be reticent to line up in the same image with Lavrov. Last month, before Moscow announced that President Vladimir Putin wouldn’t attend the summit, Politico reported that White House officials were taking steps to ensure that Biden wouldn’t cross paths with the Russian leader.

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“@GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly.”

• SBF’s Disgrace Awkward For Gary Gensler And The Democrats (Fortune)

Gary Gensler blew it again. After his agency failed to warn investors about Terra and Celsius—whose collapses this spring sparked a trillion-dollar investor wipeout—the Securities and Exchange Commission chair allowed an even bigger debacle to unfold right under his nose. I’m talking, of course, about the revelation this week that the $30 billion FTX empire was a house of cards and that its golden boy founder, Sam Bankman-Fried, is the crypto equivalent of Theranos’s Elizabeth Holmes. To be fair, Gensler was not the only one suckered by SBF. Nearly everyone else—myself included—fell for the narrative that SBF, with his cute afro and aw-shucks demeanor, was exactly the savior crypto needed to shake off its dodgy reputation and emerge as part of the mainstream financial system.

The problem is that cop-on-the-beat Gensler not only failed to spot the crime—he appeared set to go along with a legislative strategy that would have given SBF a regulatory moat and made him king of the U.S. crypto market. According to Washington insiders I spoke with, the reason behind SBF’s decision this summer to obtain control over BlockFi was to benefit from the troubled crypto lender’s recent settlement with the SEC—basically extending the amnesty BlockFi had received to FTX. Meanwhile, FTX’s recent tie-up with securities exchange IEX (of Flash Boys fame) would also help SBF’s empire come under the U.S. regulatory umbrella. All of this would clear FTX to have the U.S. market to itself as the company lobbied for legislation that could have torpedoed competitors like Binance as well as the emerging DeFi sector.


This appears to be what prominent House member Tom Emmer (R-Minn.) was referring to when he tweeted on Thursday that “@GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly.” Gensler, a former campaign finance chair for Hillary Clinton, is of course not the only prominent Democrat who may have been willing to flex his influence on behalf of FTX. SBF, you may recall, was one of the biggest donors to President Joe Biden, while his parents—both Stanford law professors—have ties to the party. His mother, Barbara Fried, leads a group called Mind the Gap that helps raise Silicon Valley cash for Democrats, while his father, Joseph Bankman, drafted tax legislation for the powerful Sen. Elizabeth Warren (D-Mass). It’s not a stretch to imagine SBF sought to exploit these political ties to his benefit.

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“It’s fascinating to see that the majority of the net equity in the Alameda business is actually FTX’s own centrally controlled and printed-out-of-thin-air token..”

• Ukraine Invested In Top Dem Donor’s Crypto Company FTX (PM)

Roughly $5 billion was withdrawn from FTX on Sunday. The trouble began for FTX last week when rival crypto company Binance said they were selling off their holdings of FTT, which is the proprietary coin of FTX. After Binance said that, FTX was in financial trouble, and essentially sought a bailout from other firms, Binance among them. The New York Post reports that FTX’s implosion followed revelations “that co-founder Sam Bankman-Fried had been funneling money to a sister trading company run by his girlfriend.” That company, Alameda Research, is run by Bankman-Fried’s girlfriend, Caroline Ellison, and is also based in the Bahamas. Binance announced that they would buy the company, then pulled out of the deal, saying that after some due diligence, they decided it would not be a good investment.

“As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of http://FTX.com,” Binance said on Twitter. “In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help. Every time a major player in an industry fails, retail consumers will suffer. We have seen over the last several years that the crypto ecosystem is becoming more resilient and we believe in time that outliers that misuse user funds will be weeded out by the free market. As regulatory frameworks are developed and as the industry continues to evolve toward greater decentralization, the ecosystem will grow stronger,” Binance said.


Part of the issue for Binance is that Alameda Research, helmed by Bankman-Fried’s girlfriend, holds a great deal of their assets in FTT, and FTX had invested their customers’ funds into Alameda through a “back door,” without oversight. “Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF),” Cryptoslate reported. Bitcoin Archive tweeted this out, which Cryptoslate noted was “used to move assets in the billions of dollars without triggering alerts to staff and external auditors.” “It’s fascinating to see that the majority of the net equity in the Alameda business is actually FTX’s own centrally controlled and printed-out-of-thin-air token,” said Cory Klippsten, CEO of investment platform Swan Bitcoin.

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Must Read?! “Dulles went so far as to send a rescue team to save Wolff when the general’s villa was surrounded by Italian partisans.”

• America’s Neo-Nazi Bedfellows In Ukraine Latest In a Long Line (Tony Cox)

Soviet leader Joseph Stalin was furious when he found out in March 1945 that his supposed World War II ally, Washington, was negotiating with the German Nazis behind his back. In fact, by the accounts of some historians, American spy and future CIA director Allen Dulles essentially kicked off the Cold War when he held secret talks with Waffen SS General Karl Wolff as Hitler’s regime was nearing its collapse. Stalin, US President Franklin Roosevelt, and UK Prime Minister Winston Churchill had agreed that they would accept only unconditional surrender from the Nazis because of the Hitler regime’s monstrous crimes. When the Dulles-Wolff talks came to light, FDR repeatedly and falsely told Stalin that no one was negotiating with the Germans. The Georgian generalissimo was unconvinced and suspected that his Western allies were maneuvering to contain the USSR and occupy territory that might otherwise fall to the Red Army.

The Soviets had reason to be suspicious. Some in Washington, including Dulles, viewed the USSR as America’s biggest long-term threat even as the countries worked together to defeat Germany. As confirmed by documents that were finally declassified more than half a century later, US intelligence agencies were soon to hire upward of 1,000 Nazis as Cold War spies. By then, America already had a history of finding common cause against Moscow with unseemly allies. As the Soviets remembered well, the US had invaded Russia in 1918 in a failed effort to help overthrow the Bolshevik government. At the time, Washington was allied with White Army counter-revolutionaries, some of whom had a nasty taste for pogroms and other murderous atrocities.

Even as then-President Woodrow Wilson moralized to world leaders about self-determination and opposing external aggression – principles that would be applied only according to US self-interest in the generations ahead – he sent American forces to intervene in the Russian Civil War. He was to set a precedent that has continued to play out to this day, from Germany to Central Asia to the current Ukraine crisis. The pattern was clear: Portray America as the virtuous champion of freedom while working with anyone — however abhorrent their deeds and views might be — as long as they share Washington’s burning desire to hurt Russia.

In 1945, Dulles got his way with Wolff, formerly Heinrich Himmler’s right-hand man. The general and his group of SS officers, which was called the Black Order, agreed to surrender northern Italy to Allied forces. The deal didn’t avail much for the US, coming just six days before the full German surrender, and it sowed seeds of distrust with the Soviets and other allies. For his part, Wolff was spared the gallows, as the Nuremberg prosecutors mysteriously took him off their list of major war criminals and treated him as a “witness” to Nazi atrocities, rather than a perpetrator, according to historians. Dulles went so far as to send a rescue team to save Wolff when the general’s villa was surrounded by Italian partisans.

[..] Obama’s administration offered no condemnation when at least 48 people were killed and hundreds injured in an attack on anti-Euromaidan protestors in Odessa. Most of the victims were burned to death by a far-right mob when they tried to take shelter in the city’s union hall. Others were shot or beaten when they tried to escape the burning building. Ukraine’s fascist Right Sector group reacted by celebrating the massacre as “yet another bright page in our fatherland’s history.” Ukrainian MP Lesya Orobets, who had been praised by US media outlet Daily Beast as a “rising star” of the anti-Yanukovych opposition, also celebrated the killings, reportedly calling the Odessa incident a “liquidation” of pro-Russia enemies.

To this day, the perpetrators of the massacre haven’t been held accountable. The Council of Europe concluded in November 2020 that the Kiev government had failed to properly investigate and prosecute those responsible for the killings. Ukraine has continued to embrace its World War II Nazi collaborators, including Stepan Bandera, who is venerated in public marches. Two years after the coup, one of the main avenues in Kiev was renamed Stepan Bandera Street. Lviv also boasts a Stepan Bandera Street. In the eyes of Ukraine’s neo-Nazis, one of Yanukovich’s sins was his decision to revoke an earlier government declaration honoring Bandera as an official “Hero of Ukraine.”

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“Everything is back to normal, right? Wrong. Everything is not back to normal. Everything is absolutely New Normal.”

• The Road to Totalitarianism -Revisited- (CJ Hopkins)

It feels like it’s finally over, doesn’t it, the whole “apocalyptic pandemic” thing? I mean, really, really over this time. Not like all those other times when you thought it was over, but it wasn’t over, and was like the end of those Alien movies, where it seems like Ridley has finally escaped, but the alien is hiding out in the shuttle, or the escape pod, or Ridley’s intestinal tract. But this time doesn’t feel like that. This time it feels like it’s really, really over. Go out and take a look around. Hardly anyone is wearing masks anymore (except where masks are mandatory) or being coerced into submitting to “vaccinations” (except where “vaccination” is mandatory), and the hordes of hate-drunk New Normal fanatics who demanded that “the Unvaccinated” be segregated, censored, fired from their jobs, and otherwise demonized and persecuted, have all fallen silent (except for those who haven’t).


Everything is back to normal, right? Wrong. Everything is not back to normal. Everything is absolutely New Normal. What is over is the “shock-and-awe” phase, which was never meant to go on forever. It was always only meant to get us here. Where, you’re probably asking, is “here”? “Here” is a place where the new official ideology has been firmly established as our new “reality,” woven into the fabric of normal everyday life. No, not everywhere, just everywhere that matters. (Do you really think the global-capitalist ruling classes care what people in Lakeland, Florida, Elk River, Idaho, or some village in Sicily believe about “reality”?) Yes, most government restrictions have been lifted, mainly because they are no longer necessary, but in centers of power throughout the West, in political, corporate, and cultural spheres, in academia, the mainstream media, and so on, the New Normal has become “reality,” or, in other words, “just the way it is,” which is the ultimate goal of every ideology.

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Sometimes I don’t recognize the world I live in.

WTF is “gender-responsive climate action?”

• White House Launches ‘Climate Gender Equity Fund’ (RT)

US President Joe Biden has announced the launch of a Climate Gender Equity Fund to promote female “climate leaders.” He unveiled the new initiative at the United Nations COP 27 conference on Friday. A partnership between online retail company Amazon and government agency USAID, the fund will “leverage private sector contributions to provide women climate leaders with technical skills, networks and capital to develop and scale climate solutions,” the White House noted in a statement. To help solve climate change, according to Amazon worldwide sustainability vice president Kara Hurst, “we must address the gender inequalities that persist in climate finance, and ensure female entrepreneurs have an equal seat at the table and access to the funding, networks and technical support they need to scale climate solutions.”

Outlining the gravity of gender inequity in the climate space, Amazon revealed that “female-founded companies typically receive a fraction of total venture capital, and that percentage fell during the pandemic.” The online shopping giant, which saw its profits skyrocket during the pandemic, promised to supply an additional $50 million from its Climate Pledge Fund for investments in women-founded and -led climate technology firms. Apart from that, it is contributing $3 million toward the Climate Gender Equity Fund’s initial seed funding. The fund launches with $6 million in total, with USAID matching Amazon’s $3 million contribution.


The White House announcement states that the fund was also “enabled” by a $21 million appropriation by USAID from the Biden administration’s Gender Equity and Equality Action Fund with the aim of underscoring its “commitment to gender-responsive climate action.” The latter program, established last year with $100 million in taxpayer funds, an amount set to double for this year, is supposed to “advance economic security for women and girls globally.” A $430 billion spending package Biden signed in August included $386 billion in green energy subsidies and tax credits. The president’s speech at COP27 committed to several more ambitious green initiatives, including “establishing an international Climate Hub for climate-smart agriculture,” tightening emissions standards on the oil and natural gas industry, and using Ukraine as a showcase for small modular reactor (SMR) “advanced nuclear” technology.

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“..Borrell’s extraordinary Pollyanna-like assertion that in Europe and the West “everything works” and that the “garden” nations are havens of political, economic, and social stability.”

• The ‘Garden Vs Jungle’ Worldview Is Not Only Racist, It’s Delusional (Hryce)

[..] let us start with Borrell’s extraordinary Pollyanna-like assertion that in Europe and the West “everything works” and that the “garden” nations are havens of political, economic, and social stability. This pronouncement will no doubt have come as a surprise to many citizens in Europe and the West. Has Borrell not noticed the recent rise of powerful right-wing political movements in a number of European countries? Is he not aware of the recent election results in Italy and Sweden? Have Borrell’s advisors not informed him of the political instability that has engulfed the United Kingdom in recent months, let alone the crisis in democracy that has crippled the United States for the past two years?

Has Borrell not noticed the dramatic recent rise in energy prices; rising inflation; rising interest rates; long-term wage stagnation; and the looming economic recession that is predicted to engulf many Western nations in the near future? Has Borrell not seen the tens of thousands of demonstrators marching in European capital cities in recent months? Is he unaware of the effects that EU austerity programs have had in many of the bloc’s member nations in recent years? Does Borrell really believe that the “garden” nations will sail through the upcoming European winter unscathed?


Has Borrell never heard of the so-called ‘culture wars’? Has he not noticed the collapse of liberal institutions and values throughout the West in recent decades? Has the immigration crisis that has bedevilled Europe in recent years, and has recently engulfed the United Kingdom, not yet been brought to his attention? Borrell, of course, pointedly fails to mention that all of the problems listed above have been severely exacerbated by the ongoing conflict in Ukraine. In fact, Borrell does not seem to appreciate that the increasing political and economic instability within the “garden” nations makes it increasingly difficult – if not impossible – for them to pursue his misguided foreign policy agenda.

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“From Dec. 5, tankers and shipping insurance linked to EU and G7 countries — which dominate oil shipping globally — will be barred from trading Russian crude unless those volumes are sold under the price cap, as yet undetermined.”

• Washington Attempts to Bully India into Cutting Ties with Russia (NC)

For months the US has repeatedly tried to coerce India into cutting ties with Russia, thereby abandoning its national interests. New Delhi, however, continues to spurn American attempts to subject its economy to Washington’s dictates. The latest fuss concerns the G7 price cap on Russian oil and EU and UK bans on shipping and related services for Russian crude. India continues to have no interest in joining the US-led initiative as it gets a steep discount on oil from Russia and wants to maintain the relationship with a long-time strategic partner. Indian Foreign Affairs Minister Subrahmanyam Jaishankar was just in Moscow on Nov. 8 to discuss continued sales of oil. From the South China Morning Post:

“India’s foreign minister hailed New Delhi’s “strong and steady” relationship with Moscow on Tuesday, during his first visit there since Russia invaded Ukraine in February. Subrahmanyam Jaishankar also declared India’s intention to continue to buy Russian oil, again disregarding the US appeal to allies and partners to isolate Russia from the global markets.” The G-7 plans are likely to send oil prices higher (despite US Treasury Secretary Janet Yellen claiming the opposite) and reduce tanker availability, both of which will threaten India’s energy security and hurt its economy as India is the third-largest consumer and importer of oil worldwide. Russia has said it will not sell to any countries that participate in the price cap scheme, and Jaishankar has repeatedly stated that India cannot afford to buy oil at high prices – at least not without undermining its economic growth, which is forecast to be 6.1 percent in 2023, the fastest-growing major economy in the world.

According to Energy Intelligence: “Russia emerged as India’s top crude supplier in October, shipping over 900,000 barrels per day or roughly a fifth of India’s demand. The two countries’ biggest concern is ensuring that Russian oil continues to flow after the Dec. 5 EU and UK bans and related G7 price cap. But despite Jaishankar’s bullish stance in Moscow, India’s state refiners have not placed orders for crude lifting beyond Dec. 5 due to uncertainties about whether shipping and insurance will be available, Energy Intelligence understands. And a recent attempt by an Indian buyer to use the price cap in negotiations with a Russian seller prompted the latter to abandon the deal, market sources said.”


The ongoing lack of clarity on the G-7 could be by design. Russian oil exports have already begun to dip, and Bruce Paulsen, a sanctions expert and partner at law firm Seward & Kissel, told American Shipper, “ If guidance on [price cap] compliance doesn’t come soon, some industry players may sit on the sidelines until they can determine that shipments under the price cap are safe.” The US, in a neat sleight of hand, quit pressuring India to adhere to the price cap, and Yellen now says Washington is “happy” for New Delhi to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap. But there are just a few caveats: India wouldn’t be able to use western insurance, finance, or maritime services to transport the oil. “Russia is going to find it very difficult to continue shipping as much oil as they have done when the EU stops buying Russian oil,” Yellen told Reuters on Friday. “They’re going to be heavily in search of buyers, and many buyers are reliant on Western services.”

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You don’t say.

• IMF Says Global Economic Outlook Getting ‘Gloomier’ (Az.)

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months, Reuters reported. It blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions and food insecurity caused by Russia’s invasion of Ukraine. In a blog prepared for a summit of G20 leaders in Indonesia, the IMF said recent high-frequency indicators “confirm that the outlook is gloomier,” particularly in Europe. It said recent purchasing manager indices that gauge manufacturing and services activity signaled weakness in most Group of 20 major economies, with economic activity set to contract while inflation remained stubbornly high.

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They will simply nominate Putin for the Grinch. Everything that goes wrong with the western world is now exclusively his fault. And they can all hide their failures behind him.

• German Retailers Face Nightmare Before Christmas (RT)

Shop owners in Germany are worried about the upcoming Christmas season, expecting a slump in sales in price-adjusted terms, as double-digit inflation driven by energy prices forced people to shop less in the third quarter, the German Retail Association (HDE) says. According to the latest report, sales will face a 4% drop in price-adjusted terms, despite an expected increase by 5.4% year-on-year in nominal terms projected for the last two months of 2022. The association surveyed 500 companies, and 70% of the respondents said they expect worse business conditions in the upcoming Christmas season than last year.


“There is a great deal of uncertainty among both companies and customers in view of the difficult situation with enormous energy price increases. High inflation and poor consumer sentiment do not really bode well for the Christmas season,” HDE Managing Director Stefan Genth said. In October, the German Federal Statistical Office reported that the harmonized inflation rate in Europe’s largest economy climbed to 11.6%, raising fears that the country will slide into a recession this winter.

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To repeat @JordanSchachtel:”Elon is blowing things up at Twitter because it is necessary to save the company. The old Twitter was a state-sponsored propaganda operation. Twitter as a private company will not have the privilege of unlimited resources.”

That is what Musk is up against. And of course the press.

• Twitter Starts Massive Reductions In Contractors (RT)

After laying off half its staff earlier this month, Twitter has started culling its vast ranks of contract staff, sources confirmed to Axios, Report informs.Many contractors’ status has been in limbo since Twitter cut half its staff earlier this month, with some not knowing whom to even report to, since their counterparts inside the company have been laid off. Now some worry about their final paychecks since their teams no longer have any full-time Twitter employees to sign off on their time cards, sources tell Axios. The contractor cuts were noted earlier by Platformer’s Casey Newton. In at least some cases, if not all, workers did not get any direct communication from Twitter saying that their work had ended.


They instead found out by seeing their access to Twitter computer systems had been shut off. This parallels the scene when full-time employees found out they had lost their job, not from a promised e-mail on Friday, but overnight on Thursday as they lost access to e-mail and other corporate computing systems. Twitter has since reached out to re-hire some full-time employees after realizing their skills were critical to existing projects, including new features that were a priority to the company.

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“Are you suggesting the senator will abuse his political power to attack me?”

• US Senator Threatens Elon Musk (RT)

US Senator Edward Markey has responded to a snarky tweet by Twitter owner Elon Musk by threatening congressional intervention if the billionaire doesn’t “fix” his companies to the lawmaker’s satisfaction. The row began on Friday, when Markey, a Massachusetts Democrat, demanded answers from Musk as to how a Washington Post reporter was able to create a verified account on the platform impersonating the senator. “I’m asking for answers from Elon Musk, who is putting profits over people and his debt over stopping disinformation. Twitter must explain how this happened and how to prevent it from happening again.” Musk, who acquired Twitter in a $44 billion takeover that was completed late last month, replied to Markey on Sunday, saying, “Perhaps it is because your real account sounds like a parody.” He posted another tweet asking why Markey’s profile picture shows him wearing a mask.

The Tesla CEO’s flippant response clearly didn’t sit well with the career politician, who warned, “One of your companies is under an FTC consent decree. Auto safety watchdog NHTSA is investigating another for killing people. And you’re spending your time picking fights online. Fix your companies, or Congress will.” Markey’s threat came amid leftist allegations that Musk’s takeover would make Twitter a “direct threat to public safety” by allowing “harmful” content. President Joe Biden, also a Democrat, suggested last week that his administration may need to investigate whether Musk’s cooperation with foreign countries created a “national security threat.”


Reacting to Musk’s spat with Markey, a Democrat activist group called People for Bernie said it was a bad idea for the billionaire to “troll a high-ranking senator with a history of taking down rich people.” Musk replied, “Are you suggesting the senator will abuse his political power to attack me?” Journalist Glenn Greenwald reacted by posting a 2020 clip of Markey calling for increased social media censorship. “Here’s Senator Markey demanding tech companies censor in accordance with his political views, all in the context of his party threatening social media companies with legal and regulatory reprisals if they fail to obey their censorship orders.”

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Just stop the nonsense. We’re tired of it.

• COVID-19 Mortality in England ‘Extremely Rare’ Among Under-20s (ET)

Deaths from COVID-19 remain “extremely rare” in people under the age of 20, according to a study of follow-up data in the UK. Between March 2020 and December 2021, while there were 185 deaths in England among children and young people (CYP) within 100 days of a lab-confirmed COVID-19 infection, fewer than half died directly because of the virus, the study found. The peer-reviewed study, published on Nov. 8 on the PLOS Medicine Journal website, was conducted by researchers from the UK’s Health Security Agency (UKHSA). Studying the 22-month follow-up data on all 6,790 under-20s deaths, the team corroborated findings from a number of previous analyses that looked at data from a shorter period of time.

Excluding two stillbirth/intrauterine deaths, 81 (43 percent) deaths were attributed to COVID-19. It accounts for 1.2 percent of all-cause CYP deaths, with a COVID-19 infection fatality rate of 7 per million (using estimated infections number) and an overall mortality rate of 6 per million (estimated CYP population). Of the 81 deaths from COVID-19, one in four (20) were otherwise healthy, while 61 had “significant underlying health conditions,” including neuro-disability, immunocompromising conditions, Down syndrome, Edward syndrome, chronic heart disease, and four premature birth, meaning the COVID-19 mortality rate for otherwise healthy CYP was 1.5 per million. COVID-19 deaths were also clustered among older teens and infants, with more than half (47) occurring among those aged between 16 and 19, and 22 under a year old.


Eight children from the 1- to 4-year-old group died from COVID-19, along with 12 children aged between 5 and 11, and 15 children aged between 12 and 15. More than half (45) of the COVID-19 deaths occurred when the Delta variant of the novel coronavirus was dominant, while 21 died during the wild-type-dominant period, and 15 died during the Alpha wave. But the Delta variant was the least deadly in terms of infection mortality rate (6 per million) compared to Alpha (8 per million), and the wild-type (10 per million) as it was more infectious than the previous variants. The Omicron variant, which became dominant this year, wasn’t included in the study. Dr. Shamez Ladhani, pediatric infectious disease consultant at St. George’s Hospital London and consultant epidemiologist at the UKHSA who co-authored the study, told The Telegraph that “emerging data suggest that the Omicron variant is even less fatal in children compared to previous variants.”

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Fitts

 

 

 

 

 

 

Burzinsky

 

 

 

 

 

 

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Debt Rattle July 8 2022

Jul 082022
 
 July 8, 2022  Posted by at 8:53 am Finance Tagged with: , , , , , , , ,  49 Responses »


Pablo Picasso Still life 1936

 

• Ukraine Could Be Wiped Off The Map – Douglas Macgregor (RT)
• No ‘Magic Bullet’ Can Turn The Tide For Ukraine (Davis)
• Putin Says If West Wants To Defeat Russia On Battlefield, ‘Let Them Try’ (AFP)
• Letter from a friend, an Average Russian (Saker)
• Britain: The Titanic Hits the Iceberg (Batiushka)
• White House Won’t Answer Questions About Joe, Hunter Biden Audiotape (Turley)
• Biden Sold a Million Barrels From SPR to China-Owned Gas Giant (FB)
• What India and China Spend on Russian Oil (ZH)
• The Immuno-epidemiological Consequences Of The Mass Vaccination (Geert)
• Lockdowns Have Demolished Our Immunity (DMA)

 

 

Just in: Shinzo Abe declared dead after being shot.

 

 

German parties this winter

 

 

Ingraham/Bexte

 

 

 

 

Tucker Eva
https://twitter.com/i/status/1545210414665007104

 

 

 

 

On the 8th day, God made a farmer.
https://twitter.com/i/status/1545035559029968896

 

 

 

 

“we need a ceasefire”and.. countries like Australia should be pushing for it since “no one in Washington is going to do it.”

• Ukraine Could Be Wiped Off The Map – Douglas Macgregor (RT)

Ukraine could disappear from the map unless the conflict with Russia is resolved peacefully, former Trump military adviser Colonel Douglas Macgregor said in an interview with Sky News Australia on Wednesday. When asked what more could be done to help Ukraine in the ongoing military conflict, Macgregor stated that “the longer this lasts, the more people are going to be needlessly slaughtered, the more damage will be done to Ukraine,” adding that it is now “effectively a failed state, it could be erased completely from the map.” Noting that Ukraine’s military has suffered enormous losses during the conflict and that Russian forces were “by no means overstretched or hurting at this point,”Macgregor argued that “we need a ceasefire”and that countries like Australia should be pushing for it since “no one in Washington is going to do it.”

“We can’t afford to fight this until there are no longer any Ukrainians left,” he insisted, noting that he has heard from people in Berlin, Paris, and London that there is growing support for a ceasefire or coming to “some sort of an arrangement” between Moscow and Kiev. The former adviser also commented on the prospects of Russian President Vladimir Putin agreeing to such a ceasefire, noting that he has “never been interested in all of Ukraine,” and that the territory currently under Russia’s control is the “traditional Russian-speaking area.” Macgregor noted that Ukrainian forces which were concentrated in the Donbass region were of “great concern” to Vladimir Putin, who feared these forces “would attack Russia,” and the US would “inevitably deploy theater ballistic missiles there to hold his [Putin’s] nuclear capability at risk.”

“He’s not going to withdraw, that’s out of the question,” the former top Pentagon adviser said, suggesting that if the two sides were unwilling to come to some sort of arrangement on a territorial basis, then an armistice should be achieved, lest the conflict grow into a “wider, regional war.” Russia sent troops into Ukraine on February 24, citing Kiev’s failure to implement the Minsk agreements, designed to give the regions of Donetsk and Lugansk special status within the Ukrainian state. The protocols, brokered by Germany and France, were first signed in 2014. Former Ukrainian President Petro Poroshenko has since admitted that Kiev’s main goal was to use the ceasefire to buy time and “create powerful armed forces.”

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“..more of Zelensky’s troops will be killed, more Ukrainian cities will be turned to rubble, and more territory Kyiv will lose to the invaders.”

• No ‘Magic Bullet’ Can Turn The Tide For Ukraine (Davis)

Last Sunday when the remaining Ukrainian soldier withdrew from Lysychansk, Ukrainian President Volodymyr Zelensky said evacuating his troops from the city “where the enemy has the greatest advantage in fire power,” was the right call, but “means only one thing… That we will return thanks to our tactics, thanks to the increase in the supply of modern weapons.” While many in the West would like that to be true, the reality is very different: there is no basis upon which to hope for a future offensive to drive Russian troops out of conquered territories. The most likely result for the Ukrainian Armed Forces (UAF) if they continue fighting the Russians is that more of Zelensky’s troops will be killed, more Ukrainian cities will be turned to rubble, and more territory Kyiv will lose to the invaders.

A sober analysis of the capacity of the of the two armed forces, an assessment of the military fundamentals that have historically proven decisive on the battlefield, and an examination of the sustainability potential for both sides, make it plain that Russia will almost certainly win a tactical victory. Ukrainian Presidential Advisor Oleksiy Arestovych said that, to the contrary, the withdrawals in Severodonetsk and Lysychansk weren’t defeats at all, but instead “successful” in that he claimed they allowed Ukraine to “buy time for the supply of Western weapons and the improvement of the second line of defense, to create conditions for our offensive actions in other areas of the front.” This is a common belief in the West but one not borne out by the facts.

In some instances, fighting tenaciously in the face of considerable enemy superiority can prove to be the difference between victory and defeat. For example, in the famous Battle of the Bulge, the U.S. 101st Airborne Division refused to surrender in Bastogne even after it had been surrounded and cut off by the advancing German army. [..] The much-ballyhooed supply of “heavy weapons” from the West that both Zelensky and Arestovych claim is coming will not be enough to turn the tide. Not even close. Zelensky advisor Mykhailo Podolyak correctly noted that the minimum needed by Ukraine to have a chance at reaching parity with the Russian invaders would require modern kit in the range of 1,000 howitzers, 500 tanks, and 300 rocket launchers.

As detailed by The Kiel Institute for the World Economy, the sum total of all heavy weapons delivered or promised by the West through last week’s G7 and NATO summits amounts to a paltry 175 howitzers, 250 Soviet-era tanks, and an anemic dozen or so rocket launchers. To date, no other help is being considered. The ramifications of this mismatch should be clear: despite numerous and boisterous claims of Western support, it is militarily unsound for Ukraine to base its defense plans on the hope that major quantities of high quality Western heavy weapons will show up to help Ukraine stop the Russians. But there is a bigger, less obvious truth at play as well: even if Zelensky got everything on Podolyak’s list, it still would not likely change the battlefield dynamics.

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“People in most countries do not want such a life and such a future,” he said. “They are simply tired of kneeling, humiliating themselves in front of those who consider themselves exceptional.”

• Putin Says If West Wants To Defeat Russia On Battlefield, ‘Let Them Try’ (AFP)

President Vladimir Putin on Thursday challenged the West to try and defeat Russia “on the battlefield” and said Moscow’s intervention in Ukraine marked a shift to a “multi-polar world.” Delivering one of his strongest speeches since he sent troops to Ukraine on February 24, Putin also raged against “totalitarian liberalism” that he said the West has sought to impose on the entire world. “Today we hear that they want to defeat us on the battlefield. Well, what can you say here? Let them try,” Putin told senior lawmakers on the 134th day of Russia’s offensive in Ukraine. He accused “the collective West” of unleashing a “war” in Ukraine and said Russia’s intervention in the pro-Western country marked the beginning of a shift to a “multi-polar world.”


“This process cannot be stopped,” he added. He also warned Kyiv and its Western allies that Moscow has not even started its military campaign in Ukraine “in earnest.” “Everyone should know that we have not started in earnest yet,” he said. “At the same time we are not refusing to hold peace negotiations but those who are refusing should know that it will be harder to come to an agreement with us” at a later stage. Putin said most countries did not want to follow the Western model of “totalitarian liberalism” and “hypocritical double standards.” “People in most countries do not want such a life and such a future,” he said. “They are simply tired of kneeling, humiliating themselves in front of those who consider themselves exceptional.”

Putin

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Not wiped off the map, but partitioned.

• Letter from a friend, an Average Russian (Saker)

* Lvov and Lutsk regions will be annexed by Poland (marked on the map with the Polish flag). Almost a certainty – both Polish and Ukrainian officials made statements about “common land” and Poland already started to take over some administration functions there. The Head of the Russian External Intelligence Service made 2 or 3 public statements about it too, and he very rarely goes public. Poles will find the opportune moment to move in a military “peacekeeping force” to solidify their hold. This will be neither smooth nor bloodless because of history – Ukrainian Nazi collaborators performed ethnic cleansings there, killing up to 100000 ethnic Poles during WW2.


Polish political leaders see this as a populist move to restore historical justice (it will work, too), Polish far-right groups see this as a huge unpaid blood debt, and Polish police and security services see modern Ukrainian neo-Nazis as big trouble to be eliminated (through thorough denazification or other means). They were fine with it as long as neo-Nazis were acting against Russia, but when borders solidify and it will be their territory to govern it will be another matter entirely. It’s not out of the question that all ex-Ukrainians will become second-class citizens, like Russians in Baltic states.

* Zakarpatye region of Ukraine will be annexed by Hungary (marked on the map with the Hungarian flag). Looks very probable, but I didn’t see Hungary making any definitive statements about it. Hungary has been steadily building its influence there since the Soviet Union broke up – supporting Hungarian schools, language, and culture, even going so far as issuing passports. Ukrainian neo-Nazis issued threats of ethnic violence because they want “Ukraine for Ukrainians”, which mandates a set of standards for everyone in Ukraine – Russophobia, language (Ukrainian, other languages are not allowed), “ethnic purity” (this stuff is disgusting to even type). This annexation will be pretty smooth and bloodless, like Crimea was, due to how thoroughly Hungary prepared the ground there. If there is any trouble it will be caused by Ukrainian neo-Nazis. Hopefully, Hungarian police and security services are up to the task to keep people safe there.

* Regions marked with the Russian flag will join Russian Federation, the process has already begun. A follow-up anti-terrorist operation by FSB and RosGuard has started as well because the current regime in Kiev (heavily influenced by US+UK governments and Ukrainian neo-Nazis) already started terrorist attacks there. Thankfully Russian security services have a lot of experience with this sort of thing (Chechnya, Syria). The region in the bottom left, with a red exclamation point is a special one – on May 2, 2014 people protested in Odessa against neo-Nazis, burning the neo-Nazi flags. In response, neo-Nazis shipped their well-organized militia groups into the city, drove the protesters into a building, and set it on fire. 42 people died burning alive, shot, falling to death, or beaten to death. They’ve also killed 8 other protesters on the street.

Ukrainian new government (heavily supported by the US) basically ignored it – police had orders to observe but not interfere, a lackluster investigation was started but never yielded any results, and neo-Nazis had support from local law enforcement. This was a pivotal moment in Ukrainian history – the neo-Nazis made a loud and bloody statement “our ideology is the law in Ukraine, we will kill anyone who disagrees”. There is a high symbolic value in taking the Odessa region, I want to see a memorial to this atrocity right in front of that building. Odessa city itself is (or was) very international (this is common for many warm-water ports around the globe actually, due to sea trade) – Jews, Russians, Ukrainians, and many other ethnicities.

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Is there even one politician left in the UK who’s not a WEF member?

• Britain: The Titanic Hits the Iceberg (Batiushka)

Possibly the greatest clown UK politics has ever seen is on his way out of the door. Ministers and aides, forty-one within twenty-four hours, have left his sinking ship. As for Johnson himself, he is spending his last days or hours rearranging the deckchairs with only the last yes-men by his side. The unsinkable Titanic is starting to go down. Let the band play. The Titanic is sinking. If you are a rat, get off now. Already, before Johnson has actually gone, some are speaking of a future Indian Prime Minster for the UK, the resigned Rishi Sunak, former Chancellor (Minister of Finance), married to the daughter of one of the richest billionaires in India. What an irony: the coloniser is colonised and the top job may go to a man from the most exploited and pillaged British colony of all.

Johnson is the first political victim of Western support for the bandit terrorists of the Ukraine. With swathes of his sanctions-hit population eating from foodbanks, people unable to afford travel or to heat and light their homes, shops closing down and strikes breaking out across the UK, but with billions of pounds to send to the Ukraine and waste on the already absurdly high spending on the military, Johnson’s political choices are being punished by the masses. His continual lies have destroyed all trust in him. The question is: Who will be the second to sink with the bad ship Titanic? Some suggest it will be Biden, in the mid-term elections in the USA on 8 November.

Frankly, he seems unlikely to be the second. It is only early July and the political situation of various political leaders in various European countries is so fragile that it is difficult to predict who or even how many will go before November. The fact that Johnson the Ignominious has been the first to be on his way to leave is significant. For Johnson, master of the moral vacuum, was the fanatic who supported the Fascist junta in Kiev more than any other Western leader, in rhetoric at least even more than Biden the Demented, master of the mental vacuum. Poets know all about poetic justice. Now atheists too should listen. Maybe, just maybe, given that Johnson has gone, there is a God who grants justice after all.

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Curious behavior.

• White House Won’t Answer Questions About Joe, Hunter Biden Audiotape (Turley)

In yesterday’s White House press briefing, there was an extraordinary moment when White House press secretary Karine Jean-Pierre refused to discuss a 2018 voicemail from President Biden that showed that the President lied repeatedly in denying ever speaking with Hunter Biden about his foreign business dealings. Jean-Pierre refused to answer a question from Fox News’ Peter Doocy and then refused again to answer a question from RealClearPolitics reporter Philip Wegmann. The rest of the press seemed content with an answer that was not just openly evasive but contemptful of the press. It is continuing evidence of the success of the Biden campaign to get the media to maintain a false narrative that they helped create during the campaign.

As previously discussed, the recording clearly proves that President Biden has lied about his knowledge of these dealings. The audiotape of the President concerned a Times report on Dec. 12, 2018 detailing Hunter’s dealings with Ye Jianming, the head of CEFC China Energy Company. Ye was later arrested amid allegations of economic crimes. Biden associates reportedly worked on the Times to change aspects of the story and President Biden appears to view that effort as successful. The plan with the Bidens (which included Joe Biden’s brother) specified a proposed 10 percent share for Hunter for “the big guy.” According to Biden associate Tony Bobulinksi, that was a reference to Joe Biden. The voicemail, discovered on Hunter’s discarded laptop, reveals that Joe Biden was following the stories of his son’s alleged influencing peddling and specifically his Chinese dealings.

In his message, Biden tells Hunter, “Hey pal, it’s Dad. It’s 8:15 on Wednesday night. If you get a chance, just give me a call. Nothing urgent. I just wanted to talk to you. I thought the article released online, it’s going to be printed tomorrow in the Times, was good. I think you’re clear. And anyway if you get a chance, give me a call, I love you.” Some of us have written for two years that Biden’s denial of knowledge is patently false. Indeed, it is baffling how Attorney General Garland can ignore the myriad of references to Joe Biden in refusing to appoint a special counsel. Doocy asked the obvious question now that we have an actual audiotape of the President: “Why is there a voicemail of the president talking to his son about his overseas business dealings if the president has said he’s never spoken to his son about his overseas business dealings?”

Despite clearly contradicting the President, Jean-Pierre declared “Well, first I’ll say that what the president said stands. So if he — that’s what the president said, that is what stands.” Such an absurd response is only possible when you know that most of the media will go along with the evasion. [..] There is no plausible reason why the President would not be willing to answer a question about his own statement captured on audiotape. He is not denying that it is his voice, which appears obvious. He simply will not answer a question about whether he lied during the campaign and repeatedly as president. Again, this is only possible when you have the media in your pocket. Could you imagine if this was Trump caught on a tape and refusing to answer a question about the content?

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And this is a lot more serious than just “curious”. Oil from the SPR to make Hunter a profit?

• Biden Sold a Million Barrels From SPR to China-Owned Gas Giant (FB)

The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would “support American consumers” and combat “Putin’s price hike.” Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government. The Biden administration claimed the move would “address the pain Americans are feeling at the pump” and “help lower energy costs.”

More than five million barrels of oil released from the U.S. emergency reserves, however, were sent overseas last month, according to a Wednesday Reuters report. At least one shipment of American crude went to China, the report said. The Biden administration also claimed the Unipec sale would “support American consumers and the global economy in response to Vladimir Putin’s war of choice against Ukraine” and combat “Putin’s price hike.” But as the war rages on, Unipec has continued to purchase Russian oil. In May, for example, the company “significantly increased the number of hired tankers to ship a key crude from eastern Russia,” Bloomberg reported. That decision came roughly one month after Unipec said it would purchase “no more Russian oil going forward” once “shipments that have arrived in March and due to arrive in April” were fulfilled.

The White House did not return a request for comment. Its decision to sell barrels from the country’s Strategic Petroleum Reserve to a Chinese conglomerate comes as the American public increasingly sours on Biden’s energy policies. According to a January Gallup poll, roughly three in four Americans are not satisfied with the federal government’s national energy policy, the highest level in roughly two decades. Power the Future founder Daniel Turner admonished Biden for selling “raw materials to the Communist Chinese for them to use as they want.”

“We were assured Biden was releasing this oil to America so it could be refined for gasoline to drive down prices at the pump. So right off the bat, they’re just lying to the American people,” Turner told the Washington Free Beacon. “What they’re saying they did and what they did are not remotely related.” Turner also said the decision highlights the Biden family’s “relationship with China.” Biden’s son, Hunter Biden, is tied to Sinopec. In 2015, a private equity firm he cofounded bought a $1.7 billion stake in Sinopec Marketing. Sinopec went on to enter negotiations to purchase Gazprom in March, one month after the Biden administration sanctioned the Russian gas giant.

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Expect more.

• What India and China Spend on Russian Oil (ZH)

India and China have both been spending more money on Russian oil in 2022 compared to 2021, but, as Statista’s Katharina Buchholz details below, for different reasons. China’s spending on the commodity rose by 78 percent between March and May 2021 and the same time period this year. According to a report by Bloomberg, this increase can be chalked up to the price increase of oil on the world market. China receives oil from Russia through pipelines crossing the countries’ shared border which makes delivery cheaper but also harder to increase. In addition, China had already been buying most oil that can be shipped out of Russia’s Pacific ports previous to the invasion of Ukraine, another factor showing that the increase in spending in China is for approximately the same amount of oil – which the country hasn’t majorly increased but also didn’t try to decrease since the Russian war in Ukraine started.


This shows that India has been buying additional shipments of Russian crude, which are – according to the report – those coming from Russian ports in the Western part of the country and would normally be shipped to Europe. But since European countries have decreased their buying of Russian oil, India has been accepted more shipments at a discounted prices as the route would normally be too long to be economically viable. The data also shows that despite India’s increase in shipments, the money it pays Putin’s regime is still far lower that the funds coming from China. While India paid $3.5 billion for the three-month period, China shelled out an much higher $15.7 billion.

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He’s been warning for two years.

• The Immuno-epidemiological Consequences Of The Mass Vaccination (Geert)

The current SC-2 pandemic is still expanding as it is a pandemic of ‘more infectious’ variants and is thus enhancing the susceptibility of vaccinees to infection (infection-enhancing antibodies) while diminishing the susceptibility of the unvaccinated (infection-mediated training of innate cell-mediated immunity). In the pre-Omicron era, we saw more infectious variants becoming dominant; however, thanks to the neutralizing antibodies, vaccinees were still protected against disease. However, with the advent of Omicron and its growing resistance to neutralizing antibodies, vaccinees became more susceptible to infection; what we are now seeing is more virulent variants becoming dominant (Omicron subvariants BA.4 and BA.5[1]).

However, thanks to the virulence-neutralizing antibodies (which are the same as those enhancing infection at the upper respiratory tract!), vaccinees were still protected against severe disease (e.g., in case of BA.1 and BA.2). I’ve no doubt, however, that with the growing resistance of BA.4 and BA.5 to the virulence-neutralizing Abs, vaccinees will now rapidly become more susceptible to virulence. Due to repetitive activation of the immune system in C-19 vaccinees, several infectious diseases can now be spread asymptomatically by vaccinees. Due to widespread asymptomatic transmission in highly vaccinated countries and the subsequent rise in infectious pressure, infection-mediated immunity in certain subsets of the population no longer suffices to prevent productive infection.

This is now basically igniting the global spread of a number of acute, self-limiting microbial infections (e.g., ‘seasonal’ Flu, RSV but also vaccine-preventable viral and bacterial infections in countries that interrupted their childhood vax program due to Covid crisis) and also of some acute, self-limiting viral diseases (e.g., monkeypox, pandemic [avian H5N1] flu). In addition, depletion of cytotoxic CD8 T cells due to repetitive cycles of re-infection has also led to an increased recurrence/reactivation rate of chronic infections (e.g., herpetic diseases + CMV, EBV, CMV, HIV, tuberculosis..) and relapse or metastasis of certain cancers in vaccinees. In the summary appended, I am sharing my informed predictions on the health impact these pandemics will entail in different subgroups of a highly vaccinated population.

While these new pandemics are developing, the super C-19 pandemic I’ve been warning about is coming our way soon. In highly vaccinated countries, it will definitely overhaul the pandemics mentioned above. This is because massive replacement of ‘natural infection-acquired’ immunity to SC-2 by ‘imperfect’ vaccine-induced immunity is now driving the evolution of the C-19 pandemic in highly vaccinated countries. This will not be the case in poorly vaccinated countries where natural immunity has been largely preserved and the population is often much younger (e.g., African countries). Last, I’d like to repeat my advice: If you’re C-19 vaccinated: Make sure you’ve access to antivirals and antibiotics and that you’ve established a contact with an MD you can trust.

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Plenty warnings about this, too.

• Lockdowns Have Demolished Our Immunity (DMA)

Australia is facing a devastating ‘multi-demic’ assault from a vicious cocktail of viruses attacking the nation, a top medical expert has warned.The country’s defences against a range of different diseases have dropped after Covid lockdowns left Aussies’ immune systems untested by common viruses. Now the rapid spread of killer bugs is being fuelled by cold, damp winter conditions, combined with staff returning to offices and commuting on packed trains and buses. And that’s on top of the new, more infectious Omicron variant BA.5 which is sweeping through the population. ‘We’re facing a multi-demic of respiratory viruses,’ Sydney University infectious disease expert Professor Robert Booy told the Courier-Mail.


‘There’s three or four of them causing trouble – influenza, RSV, para-influenza, adenovirus, HMPV… there are a lot. ‘Because were locked down for two years, the level of natural immunity dropped off against flu and Covid, so we have a lot of cases and deaths due to Omicron and the opening of a society with less natural immunity. ‘If you want to spread an infection, you open up society.’ NSW alone is facing a massive outbreak of RSV which can kill infants, with numbers skyrocketing tenfold from 355 to 3775 cases a week in under a month. Businesses across the east coast have also been decimated by staff falling ill as the range of viruses wreak havoc and spread like wildfire.

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22 inventions

 

 


#MariaCallas and #MarilynMonroe at the birthday party for President John F. Kennedy, at Madison Square Garden, New York, on May 19, 1962.

 

 

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Debt Rattle May 15 2022

May 152022
 
 May 15, 2022  Posted by at 8:55 am Finance Tagged with: , , , , , , , , ,  42 Responses »


Jacques-Louis David Coronation of Napoleon in 1804 in Nôtre-Dame Cathedral, Paris (10 metres wide, 6 metres tall) 1805-7

 

• US-led War On Russia Escalates (WSWS)
• US Senate GOP Delegation Meets With Zelensky In Kiev (CNN)
• Guy Mettan: Ukraine is the First Battle of the Third World War (G&E)
• Ten More European Gas Buyers Open Ruble Accounts For Payments (BBG)
• The Real Reason Behind the EU’s Drive to Embargo Russian Oil
• NY Times Op-ed Warns Of ‘Fantasies Of Regime Change’ (Fox)
• India Bans Wheat Exports, Irks G7 (AFP)
• India Reverses Prior Position and Will Now Block Further Wheat Exports (CTH)
• Survey Shows Over 500,000 Killed By The Covid Vaccines So Far (Kirsch)
• Egypt Considers Issuing Bonds In China’s Yuan (Al-M)
• Karine Jean-Pierre Has History Of Accusing Things Of Being Racist (NYP)
• Biden Phrase “Ultra MAGA” Came from Six Month Study (CTH)

 

 

 

 

Why Did Lloyd Austin Call Sergei Shoigu?

 

 

 

 

Russia, China at UN on biolabs

 

 

 

 

Dr. Cole about Vanden Bossche’s theory

Urso about Vanden Bossche’s theory

Malone about Vanden Bossche’s theory

 

 

Playing war games on Russia’s border.

• US-led War On Russia Escalates (WSWS)

A day after Finland pledged to join NATO “without delay,” Sweden’s ruling social democrats accepted a parliamentary report also calling to join the US-led alliance. NATO is threatening to turn Scandinavia and the entire Baltic Sea into a second front in the war on Russia it has waged since Russia invaded Ukraine in February. Finnish and Swedish troops are joining US and Ukrainian forces in NATO “Hedgehog” war games next week in Estonia, whose border with Russia is just 150 kilometers from Saint Petersburg. The exercise, involving 15,000 troops, will simulate war between NATO and Russia in Estonia. This underscores that Finland’s vast,1,300-km border with Russia is becoming a potential war zone.

Asked on Thursday about Finland joining NATO, Kremlin spokesperson Dmitri Peskov said: “Russia will be forced to take retaliatory steps, both of a military-technical and other nature, in order to stop the threats to its national security that arise in this regard.” Russian officials have said that if Sweden and Finland join NATO, they will try to maintain a regional balance of power by stationing nuclear missiles in Russia’s Baltic port enclave at Kaliningrad. This week, former Russian President Dmitri Medvedev admitted that Europe is rapidly moving towards all-out war. “NATO countries pumping weapons into Ukraine, training troops to use Western equipment, sending in mercenaries and the exercises of Alliance countries near our borders increase the likelihood of a direct and open conflict between NATO and Russia,” he said. “Such a conflict always has the risk of turning into a full-fledged nuclear war.”

Nonetheless, Swedish Prime Minister Magdalena Andersson is to schedule a debate on joining NATO tomorrow. With staggering recklessness, the Swedish social democrats are scrapping a two-century policy of non-alignment in foreign wars that Sweden has observed since the Napoleonic wars ended in 1814, as the Finns scrapped the neutrality they observed since World War II. At a press conference last night, Swedish Defense Minister Peter Hultqvist admitted that Sweden’s announcement could provoke war with Russia, but dismissed the danger: “If Sweden chooses to seek NATO membership, there is a risk of a reaction from Russia. … Let me state that, in such a case, we are prepared to deal with any counter-response.”

The Swedish government’s case for joining NATO is a mixture of political lies and self-delusion. By joining NATO, Sweden is not, as Linde argues, deterring Russia from attacking it by making clear Moscow would potentially run the risk of a military clash with NATO. Rather, Sweden is signing up to a NATO war drive against Russia already being led by Washington, London and Berlin. Hultqvist’s statement that the Swedish government is prepared for “any counter-response” from Russia is astonishing. It appears Sweden’s defense minister has forgotten that Russia has over 6,000 nuclear warheads: In case of a major escalation of the NATO-Russia war, Russia’s “counter-response” could obliterate Sweden.

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So brave to travel into a war zone.

• US Senate GOP Delegation Meets With Zelensky In Kiev (CNN)

Ukrainian President Volodymyr Zelensky met with a congressional delegation led by Senate Minority Leader Mitch McConnell in Kyiv Saturday, and called for Russia to officially be recognized as a “terrorist state,” he said Saturday in his nightly address. McConnell said in a statement Saturday evening the delegation “just left” Ukraine and called it an “honor” to meet with Zelensky and his senior advisers. McConnell was joined on the unannounced trip by Republican Sens. Susan Collins of Maine, John Barrasso of Wyoming and John Cornyn of Texas. McConnell and the other senators became the latest US officials to visit Ukraine since Russia invaded the eastern European nation in late February.

The Kentucky Republican said in the statement the delegation “reaffirmed” to Zelensky “that the United States stands squarely behind Ukraine and will sustain our support until Ukraine wins this war. It is also essential that America not stand alone. He continued: “It is squarely in our national interest to help Ukraine achieve victory in this war and to help Ukraine and other countries deter other wars of aggression before they start.” In his nightly address Saturday, Zelensky said he discussed US support for Ukraine and tightening sanctions on Russia with the delegation. “I believe that this visit once again demonstrates the strength of bipartisan support for our state, the strength of ties between the Ukrainian and American nations,” Zelensky said.

CNN previously reported Zelensky has asked President Joe Biden to designate Russia a state sponsor of terrorism. The Ukrainian president added that he “expressed gratitude for the historic decision to renew the Lend Lease program” during the GOP delegation’s visit. Biden earlier this week signed into law the Ukraine Democracy Defense Lend-Lease Act. The new law, which eases some of the requirements for the US to lend or lease military equipment to Ukraine, passed with a bipartisan majority in the US House and Senate. Its sponsors said the legislation gives Biden much broader authority to help Ukraine defend itself against Russia and addresses how the US can get weapons to Ukraine faster.

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Apologies for sound quality.

• Guy Mettan: Ukraine is the First Battle of the Third World War (G&E)

Guy Mettan discusses the deep thousand year history of Russophobia which informs the current Ukraine crisis. Europe had divided in two parts along religious lines which can still be seen in Ukraine today. He traces Russophobia from medieval Germany to France to Britain and back again to Germany and today the U.S. and EU. Brzezinski outlined the importance of conquering Ukraine because it’s the pivotal power of Europe. Ukraine is the first battle of the Third World War. It won’t be a total war, it will be a global unlimited war, unlimited in space and time where everybody will be affected. He agrees that there is a neo-totalitarian trend in the West and that democracy is a false flag. He’s pessimistic regarding the future development of our world as the U.S. and EU develop into a totalitarian new empire. But he’s optimistic that the light of the truth can’t be extinguished.

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The EU finds ways to circumvent its own sanctions.

• Ten More European Gas Buyers Open Ruble Accounts For Payments (BBG)

Ten more European gas buyers have opened accounts in Gazprombank JSC, doubling the total number of clients preparing to pay in rubles for Russian gas as President Vladimir Putin demanded. A total of twenty European companies have opened accounts, with another 14 clients asking for the paperwork needed to set them up, the person said, speaking on condition of anonymity to discuss confidential matters. He declined to identify the companies. European buyers have been struggling for weeks to figure out how they can meet Putin’s order to pay for Russian gas in rubles starting April 1 and not fall afoul of European Union sanctions imposed over Putin’s invasion of Ukraine.

Under the new mechanism, clients have to open two accounts: one in foreign currency and one in rubles in Gazprombank. After Poland and Bulgaria rejected these terms, Gazprom PJSC halted gas flows to them in late April. As deadlines for payment for April supplies loom later this month for major West European buyers, Russia has moved to address EU concerns that the payment mechanism may violate sanctions. The person close to Gazprom said the current terms mean that the transaction is effectively completed once the buyer pays foreign currency to Gazprombank, since the subsequent conversion to rubles is automatic and doesn’t involve Russia’s central bank, which is subject to EU sanctions.

The bloc so far hasn’t said whether the Russian changes allay its concerns, but Italian Prime Minister Mario Draghi said Wednesday companies will be able to pay for gas in rubles without breaching the restrictions. “Most of the gas importers have already opened their account in rubles with Gazprom,” he told a press conference. He said that Germany’s top gas importer had already paid in rubles. Like Italy, Germany is a massive consumer of Russian gas. The person close to Gazprom said the number of customers who’ve paid in rubles remains at four, the same as late last month. Payments from other buyers are due later this month, he said.

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“The war by the West against Russia has long been in the planning stages.”

• The Real Reason Behind the EU’s Drive to Embargo Russian Oil

The idea that Europe fears a Russian invasion of Poland or even Germany, which necessitates NATO’s expansion to its border in the Donbas, is ludicrous. Russia’s military is not built along these lines nor is its performance in Ukraine evidence it is capable of such an operation. What is unfolding now is a script that was written a long time ago. The war by the West against Russia has long been in the planning stages. The Russians understand this better than many are willing to accept. Their leadership, Putin and Foreign Minister Sergei Lavrov, have articulated this very clearly at every stage of the war to date. They are under no illusions about where the West and Davos are willing to take this conflict, which is why they have made serious threats about striking out at the real “decision centers” who give the Ukrainian Armed Forces their marching orders.

These are warnings not to our politicians, but to us. This is where things lead. They have asked for a parting of the ways, peaceably, between East and West, but that is not part of the agenda. Like classic narcissists with the burning need to control everything, Russia and the rest of Asia will not be allowed to walk away from Davos and their Eurocrat quislings, because they are the righteous saviors of humanity. And we are just, at best, “the help” and at worst an inconvenience. The bigger Davos plan of destroying the old global order to Build it Back Better, where they own everything and you will own nothing and like it or else, is the script.

They are now committed to this plan. It does not matter now whether it will work or not. This is what we have to realize in all of our analyses. Do the Russians and their friends in Asia and across the Global South have the means and the tools to come out on top? Possibly. But the bigger question is whether or not this conflict escalates to the point where winning is an irrelevant concept. When you see a bloc as powerful as the European Union willing to commit acts of domestic vandalism this big—and blaming the victim of their unbridled aggression—it tells you we are far past the point of rational settlement.

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“..the United States and its allies have greatly increased the danger of an even larger conflict..”

• NY Times Op-ed Warns Of ‘Fantasies Of Regime Change’ (Fox)

On Wednesday, The New York Times published an op-ed warning that the United States risks war with Russia if it continues to pursue an expansive strategy in Ukraine. “Nuclear weapons are discussed in easy tones, not least on Russian television. The risk of cities being reduced to corium remains low without NATO deployment in Ukraine, but accident and miscalculation cannot be discounted,” wrote Tom Stevenson. The op-ed, titled “America and Its Allies Want to Bleed Russia. They Really Shouldn’t,” cautions that while America’s initial actions to provide support to Ukraine, American leaders’ willingness to speak in increasingly bold terms about regime change in Russia and “draining” the country poses a risk to American security.

“By expanding support to Ukraine across the board and shelving any diplomatic effort to stop the fighting, the United States and its allies have greatly increased the danger of an even larger conflict,” Stevenson wrote. “They are taking a risk far out of step with any realistic strategic gain,” he added. “The early U.S. response to the invasion was simple: Supply the defenders and apply America’s unique financial weaponry to the Russian economy. The new strategy — call it bleed Russia — is quite different. The underlying idea is that the United States and its allies should seek to recover more from the rubble of Kharkiv and Kramatorsk than the survival of Ukraine as a polity or even a symbolic frustration of Russian aggression.” Stevenson notes that Russia discusses nuclear tensions “in easy tones” and warned that “accident and miscalculation cannot be discounted”.

“It is unclear what more there is to gain by weakening Russia, beyond fantasies of regime change,” he said. “The war was dangerous and destructive enough in its initial form. The combination of expanded strategic aims and scotched negotiations has made it more dangerous still. At present, the only message to Russia is: There is no way out.”

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Much less wheat from Ukraine, Russia and now India, the world’s second-largest wheat producer. It adds up.

• India Bans Wheat Exports, Irks G7 (AFP)

India banned wheat exports without government approval Saturday after its hottest March on record hit production, in a blow to countries reeling from supply shortages and soaring prices since Russia’s invasion of Ukraine. The announcement drew sharp criticism from the Group of Seven industrialized nations’ agriculture ministers meeting in Germany, who said that such measures “would worsen the crisis” of rising commodity prices. “If everyone starts to impose export restrictions or to close markets, that would worsen the crisis,” German Agriculture Minister Cem Ozdemir said at a press conference in Stuttgart. Global wheat prices have soared on supply fears following Russia’s February invasion of Ukraine, which previously accounted for 12% of global exports.

The spike in prices, exacerbated by fertilizer shortages and poor harvests, has fueled inflation globally and raised fears of famine and social unrest in poorer countries. It has also led to concerns about growing protectionism following Indonesia’s halting of palm oil exports and India putting the brakes on exports of wheat. India, the world’s second-largest wheat producer, said that factors including lower production and sharply higher global prices meant it worried about the food security of its own 1.4 billion people. Export deals agreed to before the directive issued Friday could still be honored, but future shipments need government approval, it said. But exports could also take place if New Delhi approved requests from other governments “to meet their food security needs”.

“We don’t want wheat to go in an unregulated manner where it may either get hoarded and is not used for the purpose which we are hoping it will be used for –- which is serving the food requirements of vulnerable nations and vulnerable people,” said BVR Subrahmanyam, India’s commerce secretary. On Thursday New Delhi said it was sending delegations to Morocco, Tunisia, Thailand, Vietnam, Turkey, Algeria and Lebanon “for exploring possibilities of boosting wheat exports from India”. [..] India said that it planned to increase wheat exports this financial year, starting April 1, to 10 million tons from seven million tons the year before. While this is a tiny proportion of worldwide production, the assurances provided some support to global prices and soothed fears of major shortages.

Egypt and Turkey recently approved wheat imports from India. But India endured its hottest March on record – blamed on climate change – and has been wilting in a heatwave in recent weeks, with temperatures upwards of 45 degrees Celsius. This has hit farmers hard, and this month the government said that wheat production was expected to fall at least five percent this year from 110 million tons in 2021 — the first fall in six years.

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About the India export ban. Food, energy and politics.

• India Reverses Prior Position and Will Now Block Further Wheat Exports (CTH)

In April India said it was hoping to expand its wheat exports from 7 million tons to 10 million. However, as precarious winter wheat harvests reflect lower outputs, they are reversing position and will now block any wheat exports in order to ensure their own supply. INDIA – “[…] The announcement drew sharp criticism from the Group of Seven industrialized nations’ agriculture ministers meeting in Germany, who said that such measures “would worsen the crisis” of rising commodity prices. [..] India, the world’s second-largest wheat producer, said that factors including lower production and sharply higher global prices meant it worried about the food security of its own 1.4 billion people. Export deals agreed to before the directive issued Friday could still be honored, but future shipments need government approval, it said.”

Don’t look now, but there’s an ideological alignment in the background of these decisions. Turkey and Egypt will be receiving wheat export from India, both nations are aligned against the western position toward Russian sanctions. Turkey said a few days ago they would not approve of Finland joining NATO (the irony of Turkey in NATO not withstanding). We need to watch carefully, but there are indications in the geopolitical decision making of nationalist-minded countries, that seem to align with the previously discussed energy alliance cleaving. The food alliance per se’, is lining up in similar fashion to the energy sector oil alliance. If this geopolitical and ideological alignment of food imports/exports continues, what we will see is Europe become even more dependent on the U.S. for food exports. That type of reality has the potential to play well for Biden’s pressure and blackmail campaign forcing NATO to stay committed to the war in Ukraine.

Due to sanctions, Western European allies have already become more dependent on the U.S. for energy products including heavy oil, and liquified natural gas (LNG) which is being exported from the U.S. at the highest rate in history; unfortunately, driving up the prices we pay. Now we can overlay food exports as another angle for Biden to keep blackmailing NATO to support his proxy war in Ukraine. Americans are already paying more for energy because we are subsidizing Europe. Now Americans will pay more for food products because we are subsidizing Europe. That, my friends, is a hot mess. This sanctions map starts to take on a new dimension beyond energy. The western team in yellow trading energy and foodstuffs between themselves based on common ideology and outlook. The team in grey trading energy and foodstuff based on common ideology and outlook.

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Time to broaden the survey.

• Survey Shows Over 500,000 Killed By The Covid Vaccines So Far (Kirsch)

A simple survey of my readers provided some extremely compelling evidence that 1) the US government has killed over 500,000 previously healthy Americans and 2) that the vaccine actually caused the deaths. It took me around 30 minutes to create the survey and 11 hours to wait for highly statistically significant results. I was able to accomplish something in less than 12 hours that the CDC has been unable to accomplish in 18 months: prove causality. We see both dose dependency and enormous changes in ACM deaths pre- vs. post-vaccine. We satisfy all five Bradford-Hill criteria applicable to vaccines. We used 400 independent observers. I should note that all follow my Substack so they are correlated: all have excellent judgment, high intelligence, and immunity from mass formation effects. So they have the ability to see what is truly going on.

The survey compared the all-cause mortality (ACM) death rates just PRIOR to a vaccine dose to the ACM death rates immediately AFTER the dose. I predicted they would be dramatically higher after the dose and the effect would be dose dependent. It appears I was right. In fact, the survey projects far more deaths than I thought possible. The number of deaths computed from the reports could be as high as 2M Americans, but the 500,000 number seems more credible, so I’m discounting the result by 4X to account for biases and confounders. I don’t think there is any way anyone is going to be able to “explain away” these results once we redo the survey with a better set of controls (the next step). And these results are ONLY counting the all-cause mortality increase for just the one month after each shot. We know you can die a year later from these vaccines.

We found Dose #4 caused only a 1.27X increase compared with 5.5X to 8.3X for doses 1 and 2 respectively and 2.3X for Dose #3. If this were a highly biased population, Dose 4 would have caused a larger discrepancy, but it’s approaching 1:1 as we’d expect. The decreasing ACM increase with later shots makes sense… The vaccine eliminates anyone whose immune system is susceptible to auto-immune attacks on the spike protein. If it hasn’t killed you after 3 shots, it’s less likely to kill you on shot #4. You’re immune due to both survivor bias and the fact that your immune system has recognized the vaccine as an invader and clears it from the system quicker than on shots 1 and 2. This of course says nothing about it’s impact on effectiveness against the virus which is likely pretty minimal at this point which is a story for another day.

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Question is: who will buy them? China?

• Egypt Considers Issuing Bonds In China’s Yuan (Al-M)

Egypt may soon sell bonds that are priced in China’s currency the yuan. Minister of Finance Mohamed Maait made the announcement yesterday alongside the People’s Republic’s Ambassador in Cairo Liao Liqiang. The move would help diversify Egypt’s financial resources and target China’s large bond market, the state-owned Al-Ahram reported. Bonds are a type of financial security that represent the holder’s obligation to repay the buyer. Governments issue bonds to help finance their expenses. Egypt has pursued several new bond strategies recently. The country is currently preparing to sell Islamic bonds. An Islamic bond, or sukuk, complies with Islamic law’s prohibition on usury.


In February, Egypt named six banks to manage the future sukuk sale. Last year, Egypt issued bonds in Japan’s currency the yen. The move could threaten the position of the US dollar as the world’s dominant currency. Many countries around the region sell bonds in dollars or their own currency. Doing business in yuan is becoming more appealing to some countries. Saudi Arabia is reportedly considering accepting yuan as payment for oil sales to China Egypt recently secured foreign investment from its Gulf allies to mitigate the economic fallout from the war in Ukraine. The war has wreaked havoc on Egypt’s wheat supply, for example.

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Where does Biden find these women?

• Karine Jean-Pierre Has History Of Accusing Things Of Being Racist (NYP)

Newly installed White House Press Secretary Karine Jean-Pierre has a long history of accusing policies and political enemies of “racism,” a review of her social media and TV news appearances show. The Post looked at Jean-Pierre’s tweets between 2015 and 2020 and found a staggering 57 instances where she accused people, policies, ideas, or words of being “racist.” And Jean-Pierre accused people and ideas she was opposed to as “racist” at least 43 times in TV appearances too, according to video clipping service Grabien, whose available analysis spanned just the first two years of President Trump’s term in office. Her target on both social media and TV was overwhelmingly Trump.

“If it walks like a racist, talks like a racist, acts like a racist, it is a racist and we have a racist president in the White House who really pushes his racism like a peacock,” she told a smirking panel on the MSNBC show “AM Joy” in 2018. “Donald Trump is a RACIST!” she railed in a tweet from Jan 2018, echoing what became a common refrain from her during his presidency. “Donald Trump is the most outwardly racist President that we have seen in generations and African Americans voters aren’t blind to that. He uses his megaphone to divide people, spew racism, and give cover to white supremacists,” she tweeted in 2020. Her new boss, President Biden, got in on the act in during the 2020 presidential campaign, claiming Trump was “one of the most racist presidents’ we’ve ever had.”

Trump was far not alone as an object of her derision — Jean-Pierre also ripped the former president’s staff and confidants as racists too. “Steve Bannon is a white Supremacist. Steve Bannon is a white Nationalist. Steve Bannon is a racist,” she thundered in September 2018, of the president’s former White House counselor. She levied the same accusation on Sebastian Gorka, another Trump White House advisor. Jean-Pierre also blasted former Attorney General Jeff Sessions as “a bigot & a racist,” who “views brown and black people as less than, not even human,” according to a tweet from June 2018. She also called racists Texas Sen. John Cornyn in 2020, Arizona Sheriff Joe Arpaio in 2018, and Former Virginia GOP gubernatorial candidate Ed Gillespie in 2017.

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“..a few days ago White House spokesperson Jen Psaki said the terminology “ultra-MAGA” was an “organic utterance” from Joe Biden. Whoops.”

• Biden Phrase “Ultra MAGA” Came from Six Month Study (CTH)

The Washington Post is reporting the shift from the White House to disparage their political opposition with the terms “MAGA”, “Ultra-MAGA” and President Trump as the “Great MAGA King,” came from a six-month poll study led by Anita Dunn, the latest senior advisor in the White House. Keep in mind, a few days ago White House spokesperson Jen Psaki said the terminology “ultra-MAGA” was an “organic utterance” from Joe Biden. Whoops. WASHINGTON DC – […] Biden’s attempt to appropriate the “MAGA” brand as a political attack was hardly accidental. It arose from a six-month research project to find the best way to target Republicans, helmed by Biden adviser Anita Dunn and by the Center for American Progress Action Fund, a liberal group.

The polling and focus group research by Hart Research and the Global Strategy Group found that “MAGA” was already viewed negatively by voters — more negatively than other phrases like “Trump Republicans.” In battleground areas, more than twice as many voters said they would be less likely to vote for someone called a “MAGA Republican” than would be more likely. The research also found that the description tapped into the broad agreement among voters that the Republican Party had become more extreme and power-hungry in recent years.” On May 5th the White House announced Anita Dunn would return to the JoeBama administration as senior advisor.

Dunn’s specific expertise is using pressure, blackmail and political leverage to control information distribution by media organizations. Apparently “ultra-MAGA” was Dunn’s first branding effort for the White House. The reappearance of Anita Dunn aligns with the expressed intent of the DHS ‘disinformation’ board. Dunn’s professional political skillset surrounds being a paid media fixer. She has done this for multiple democrat politicians including Obama. It was Anita Dunn who used her position in the Biden campaign to demand that media stop allowing Rudy Guiliani to explain the Biden family ‘pay to play’ financial system of selling influence. Anita Dunn also advised Harvey Weinstein how to remove media stories of his Hollywood rape issues. Dunn reappearing makes sense, as the U.S. government objective to control information is now in full swing.

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Tesla

 

 

 

 

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Debt Rattle April 7 2022

Apr 072022
 
 April 7, 2022  Posted by at 9:20 am Finance Tagged with: , , , , , , , , ,  49 Responses »


Edward Hopper The Sheridan Theatre 1937

 

• US Is Using Intel To Fight An Info War With Russia (NBC)
• Video Appears To Show Ukrainian Soldiers Executing Russian Soldiers – NY Times (BI)
• UK Delays Tariffs On Russian Whitefish (Pol.eu)
• America’s Largest Farm Cooperative Warns Sanctions May Spark Fertilizer Shortages (ZH)
• US Warns India Faces Significant Long-Term Costs If It Aligns With Russia (ZH)
• Whistleblower To Release 450 GB Of Deleted Files From Hunter’s Laptop (DM)
• Psaki Says Joe Biden And His Son Hunter ‘Were Not Office Mates’ (Fox)
• President Macron Says He is “Opposed to Self-Defense” (SN)
• ‘Pushed to the Brink of Collapse’: Chaos Behind Shanghai Lockdown Measures (ET)
• WHO Will Assume Total Control Of Future Pandemics (Kirsch)
• ‘Mandatory Vaccination’ For All Germans Over 60 Expected To Pass (ZH)
• The Teen Girls Aren’t Going to Forget (Suzy Weiss)

 

 

 

 

 

 

Scott Ritter was banned from Twitter yesterday, and then reinstated.

Ukraine War Could Have Been Avoided, but Here’s Why Putin Will Achieve His Goals

 

 

US intel is very sophisticated and very credible.

• US Is Using Intel To Fight An Info War With Russia (NBC)

It was an attention-grabbing assertion that made headlines around the world: U.S. officials said they had indications suggesting Russia might be preparing to use chemical agents in Ukraine. President Joe Biden later said it publicly. But three U.S. officials told NBC News this week there is no evidence Russia has brought any chemical weapons near Ukraine. They said the U.S. released the information to deter Russia from using the banned munitions. It’s one of a string of examples of the Biden administration’s breaking with recent precedent by deploying declassified intelligence as part of an information war against Russia. The administration has done so even when the intelligence wasn’t rock solid, officials said, to keep Russian President Vladimir Putin off balance.

Coordinated by the White House National Security Council, the unprecedented intelligence releases have been so frequent and voluminous, officials said, that intelligence agencies had to devote more staff members to work on the declassification process, scrubbing the information so it wouldn’t betray sources and methods. Observers of all stripes have called it a bold and so far successful strategy — although not one without risks. “It’s the most amazing display of intelligence as an instrument of state power that I have seen or that I’ve heard of since the Cuban Missile Crisis,” said Tim Weiner, the author of a 2006 history of the CIA and 2020’s “The Folly and the Glory,” a look at the U.S.-Russia rivalry over decades. “It has certainly blunted and defused the disinformation weaponry of the Kremlin.”

Four days before the end of the Cuban Missile Crisis in 1962, the U.S. publicized spy plane photos to show the Soviet Union had deployed nuclear missiles not far from Florida’s coast. The Biden administration began releasing reams of intelligence about what it said were Putin’s plans and intentions even before the invasion of Ukraine began. Just this week, national security adviser Jake Sullivan stood at the White House podium and read out what officials said was more declassified intelligence, asserting that Russia’s pullout from areas around Kyiv wasn’t a retreat but a strategic redeployment that signals a significant assault on eastern and southern Ukraine, one that U.S. officials believe could be a protracted and bloody fight. The idea is to pre-empt and disrupt the Kremlin’s tactics, complicate its military campaign, “undermine Moscow’s propaganda and prevent Russia from defining how the war is perceived in the world,” said a Western government official familiar with the strategy.

Multiple U.S. officials acknowledged that the U.S. has used information as a weapon even when confidence in the accuracy of the information wasn’t high. Sometimes it has used low-confidence intelligence for deterrent effect, as with chemical agents, and other times, as an official put it, the U.S. is just “trying to get inside Putin’s head.” Some officials believe, however, that trying to get into Putin’s head is a meaningless exercise, because he will do what he wants regardless. After this story was published, a U.S. official told NBC News that “the U.S. government’s effort to strategically downgrade intelligence to share with allies and the public is underpinned by a rigorous review process by the National Security Council and the Intelligence Community to validate the quality of the information and protect sources and methods.” The official added that “we only approve the release of intelligence if we are confident those two requirements are met.”

US intel

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”Ukraine’s Defense Ministry said it was “precise work” by Ukrainian troops.”

• Video Appears To Show Ukrainian Soldiers Executing Russian Soldiers – NY Times (BI)

Video posted on Telegram Monday appears to show Ukrainian soldiers killing captured Russian troops in a village near Kyiv, according to a report from The New York Times. The video was verified by The Times, however, the outlet decided not to publish it due to its graphic nature. Per The Times it shows a Ukrainian soldier shooting a Russian soldier three times while another man says “he’s still alive. Film these marauders. Look, he’s still alive. He’s gasping.” The video, The Times reported, also shows at least three other Russian soldiers dead near the victim — identified by white armbands commonly worn by Russian troops. One of the soldiers has an obvious head wound and his hands are tied behind his back, according to the report from The Times.

The soldiers are surrounded by equipment and are laying on the road near a BMD-2 — an infantry vehicle used by Russia’s airborne units, according to military scholar Rob Lee. In the video, which was not independently verified by Insider, Ukrainian soldiers are identifiable by their blue armbands and repeat “glory to Ukraine” but their unit is unclear. A Ukrainian news agency said the ambush was the work of the “Georgian Legion” a group of Georgian volunteers that formed in 2014 to fight for Ukraine, according to The Times report.

The video was filmed north of the village of Dmytrivka, about seven miles southwest of Bucha, according to the Times report. Earlier this week, graphic videos emerged of at least 300 civilians killed in Bucha during Russia’s occupation of the city. Ukrainian officials say they were attacked as Russian troops were retreating. Ukrainian forces ambushed Russian troops around March 30, according to the Times report. In a tweet, Ukraine’s Defense Ministry said it was “precise work” by Ukrainian troops.

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What the sanctions are really worth.

• UK Delays Tariffs On Russian Whitefish (Pol.eu)

Plans to impose sanctions on Russian whitefish have been postponed by the U.K. government amid fears over the impact on Britain’s seafood industry. Whitefish was among the Russian exports set to be slapped with a 35 percent tariff by the U.K. in response to Vladimir Putin’s invasion of Ukraine. A U.K. government official said the sanctions have been “delayed while we sort some technicalities,” but stressed that “we are totally committed to them.” Any suggestion the plans had been dropped entirely was “totally untrue,” the official added. Roughly 30 percent of the U.K.’s whitefish originates from Russia, which controls between 40 to 45 percent of the global supply, according to industry body Seafish.


When the measure was first announced, Britain’s seafood processing industry and struggling fish and chip shops, which rely on the supply of Russian whitefish including cod, said they feared price rises as a result of the sanctions could squeeze their businesses. Andrew Crook, president of the National Federation of Fish Friers, said: “I think government wants more time to investigate the impact of sanctions on whitefish so have just held off for the time being. “We of course support any measures they deem suitable to bring the conflict to a speedier conclusion.” The whitefish sanctions were announced on March 15. However, unlike other Russian products targeted including cereal, cement and fertilizer, the tariffs were not imposed on whitefish when they came into force on March 24, according to Seafish, a public body that supports the U.K.’s seafood industry.

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It’s already done. Planting season is now.

• America’s Largest Farm Cooperative Warns Sanctions May Spark Fertilizer Shortages (ZH)

America’s largest farmer cooperative sounded the alarm Wednesday about possible disruptions of fertilizer supplies from Russia due to Western sanctions on Moscow. CHS Inc., the largest agricultural cooperative in the US, said in an SEC filing that it’s concerned about obtaining Russian fertilizer because of sanctions making it “more expensive and difficult to do business with Russia.” CHS warned that sanctions could “cause delays with respect to, or prevent, shipments of fertilizer to us, cause inflationary pressures on and impact our ability to purchase fertilizer, disrupt the execution of banking transactions with certain Russian financial institutions and result in volatility in foreign exchange rates and interest rates, all of which could have a material adverse effect on our business and operations.”

The cooperative said it holds no operations in Russia. However, it has $30 million in grain inventories sitting in silos in Ukraine and will have to take an “impairment charge” because of its inability to access those stockpiles. CHS warns there’s a risk the conflict in Ukraine “could lead to a much larger conflict and/or additional sanctions imposed by the United States government and other governments that restrict business with specific persons, organizations or countries or with respect to certain products or services.” And said if such an event did occur, it would wreck more global supply chains and “could materially adversely affect our business operations and financial performance.” For some context, Russia is one of the world’s largest fertilizer exports. Countries already afflicted by food insecurity, such as emerging market economies, will experience some of the first fertilizer and food shortages first. By the way, violent inflation protests are already beginning in Peru.

Famine
https://twitter.com/i/status/1511921482275999754

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The US is blind to its loss of power. Russia, India, the UAE, Brazil and Indonesia, China, that’s way more people than the US can strong-arm in 2022.

• US Warns India Faces Significant Long-Term Costs If It Aligns With Russia (ZH)

Given that a handful of countries that rank among the top largest economies in the world have thus far been reluctant to firmly condemn Russia’s invasion of Ukraine, this could prove the significant monkey wrench in US-EU plans to severely isolate and wreak havoc on global Russian exports. Among these include the obvious – China, but also there’s India, the UAE, Brazil and Indonesia. India for example – standing just behind the UK as the 6th largest economy – remains the the single largest buyer of Russian weapons. India is also reportedly seeking more discounted Russian oil, in what looks to be a potential move away from Saudi crude. In early March, The New York Times noted that India was among those countries dependent on many Russian imports that’s attempting to “stay above the fray”.

“When India abstained from a United Nations vote and the chorus of Western condemnation against the Ukraine invasion, it appeared to be taking sides: offering tacit support for President Vladimir V. Putin of Russia,” the Times emphasized previously. And now Washington is putting New Delhi on notice that it faces ‘significant costs’ should it become aligned with Russia, and as a major export destination allowing Putin to side-step sanctions effects. The Biden administraiton’s Director of the National Economic Council of the United States Brian Deese has said the US remains “disappointed” with aspects of the Indian government’s reaction to the Ukraine crisis. “There are certainly areas where we have been disappointed by both China and India’s decisions, in the context of the invasion,” he said a Wednesday event in D.C.

He was cited as saying in Bloomberg: The US has told India that the consequences of a “more explicit strategic alignment” with Moscow would be “significant and long-term,” he said. India has so far rejected falling in line with the West’s anti-Russia sanctions, instead continuing to import Russian oil, which remains at an estimated 2% of its total oil imports.

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‘Very dear friends of mine, the sharp tip of the spear, were making welfare calls to me every day, basically to see if I was still alive.’

• Whistleblower To Release 450 GB Of Deleted Files From Hunter’s Laptop (DM)

The source who distributed Hunter Biden’s laptop to congressmen and media has fled the US to Switzerland, saying he fears retaliation from the Biden administration. Jack Maxey gave DailyMail.com a copy of the hard drive from Hunter’s abandoned laptop in the spring of 2021. He also gave copies and material from it to the Washington Post, New York Times, and Senator Chuck Grassley in his role as ranking Republican on the Senate Judiciary Committee – but he claims they all sat on it for months. For the past two weeks, Maxey has been in hiding in Zurich, working with IT experts to dig out more data from the ‘laptop from hell’. Maxey, a former co-host of ex-Donald Trump advisor Steve Bannon’s podcast the War Room, claims he and his colleagues have found ‘450 gigabytes of deleted material’ including 80,000 images and videos and more than 120,000 archived emails.

He said he intends to post them all online in a searchable database in the coming weeks. Hunter abandoned his laptop at a Delaware computer store in 2019. The owner, John Mac Isaac, gave a copy to Trump’s lawyer Rudy Giuliani, who passed it on to Maxey. ‘I came here so that we could do a forensic examination of Hunter’s laptop safely in a country that still respects human liberty and the ideals of liberal democratic principles,’ he told DailyMail.com. ‘I do not believe this would have been possible inside the United States. We had numerous attempts on us from trying to do things like this there.’ Maxey said that after contacting DailyMail.com about the laptop last year, black suburban SUVs appeared outside his house, and former US intelligence officer friends he shared copies with told him they received strange calls.

‘I showed this to a friend of mine in desperation in February [2021] because nobody would listen to me. No news organizations would take it. In fact, the very first major news organization to take it was the Daily Mail,’ he said. ‘Very dear friends of mine, the sharp tip of the spear, were making welfare calls to me every day, basically to see if I was still alive.’

Darryl Cooper

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She’s openly calling Hunter a liar now. Shouldn’t Joe stand up for “the smartest man I know”?

And also:

“In the email, Hunter Biden also requests keys for Gongwen Dong, whom he describes as an “emissary” for Ye Jianming — the chairman of CEFC Chinese Energy Co.”

• Psaki Says Joe Biden And His Son Hunter ‘Were Not Office Mates’ (Fox)

White House press secretary Jen Psaki denied on Wednesday previous reports that claimed Hunter Biden and his father, President Biden, were “office mates.” Asked by Fox News White House correspondent Peter Doocy about “evidence that the president, at one point, was office mates with Hunter and his brother Jim here in D.C.,” Psaki said the reports were “not accurate.” Hunter Biden requested in 2017 that keys be made for his new “office mates,” listing his father, Jill Biden, and his uncle Jim Biden, for space he planned to share with an “emissary” for a chairman of a Chinese energy company, according to an email obtained by Fox News.


A Sept. 20, 2017 email obtained by Fox News shows Hunter requesting keys for Joe and Jill Biden, along with Jim Biden, for space he planned to share with an “emissary” for a chairman of a Chinese energy company. The email was sent to the general manager, Cecilia Browning, at the House of Sweden — a building in Washington, D.C., that contains multiple office suites and a number of embassies. “Please have keys made available for new office mates: Joe Biden, Jill Biden, Jim Biden,” said the email, with the subject “507.” In the email, Hunter Biden also requests keys for Gongwen Dong, whom he describes as an “emissary” for Ye Jianming — the chairman of CEFC Chinese Energy Co.

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“..because otherwise the country becomes the Wild West..”

Actually, that is what it is without self-defense…

Idiot.

• President Macron Says He is “Opposed to Self-Defense” (SN)

After a farmer was charged with murder for shooting a man after four burglars broke into his home, French President Emmanuel Macron said people should not have the right to self-defense. Yes, really. “According to the initial investigation, the farmer fired twice with a large caliber rifle at a group of four burglars, killing one of them. The self-defense shooting took place last Friday, between 10 p.m. and 11 p.m., and the man was alone with his 3-year-old daughter at the time,” reports Remix News. However, Macron responded to the story by asserting that the 35-year-old farmer had no right to defend himself or his daughter in such a manner. “Everyone must be safe, and the public authorities have to ensure it,” Macron told Europe 1.


“But I am opposed to self-defense. It’s very clear and undisputable because otherwise the country becomes the Wild West. And I don’t want a country where weapons proliferate and where we consider that it’s up to the citizens to defend themselves,” said Macron. Presumably, the farmer should have just allowed the four burglars to ransack his home and potentially harm his young daughter without doing anything to intervene. Macron insisted that the farmer should have called the police, who in many areas of France are already stretched to the limit thanks to criminal gangs of migrants youths being in a perpetual state of war with them. “I’m not going to judge this news. I convey the rules,” said Macron, whose weak record on security and crime is under scrutiny.

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“Let me reiterate, do not bother checking your health cloud, it’s all a negative result. Only we will notify you when you have tested positive.” The caller responded, “So what we see is all fake?” She said, “That’s right.”

• ‘Pushed to the Brink of Collapse’: Chaos Behind Shanghai Lockdown Measures (ET)

While Shanghai continues its lockdown and massive PCR testing campaign as COVID-19 surges through the city, a CDC expert’s complaint about chaotic PCR test reports that have confused people was recently exposed online. Shanghai CDC issued a notice demanding staff answer public inquiries “in line with the policy.” There have been complaints about the conflicting PCR test results on Chinese social media because people receive a negative test result on their cell phones but then receive a positive test result from the CDC. Shanghai adopted the Healthcare Cloud app as its integrated Internet and Healthcare services platform. Locals register through the app for a PCR test and receive the test result on their cell phones.

However, many people received a negative test notice via the app but still were then notified by CDC that they had tested positive and were thus subject to quarantine. Complaints have flooded the Shanghai CDC hotline. A recently leaked recording of a CDC expert responding to a caller revealed how the app has been problematic, how overloaded health workers have been stymied by a lack of transparency in pandemic prevention, and how the pandemic has become a political issue. In the recording, the expert said, “We have received hundreds of calls every day, but our jobs are epidemiological investigations. We can’t solve your problem.” She said, “Let me tell you the facts: There’s no ward, the quarantine sites are filled, and there’s no ambulance.”

A male was heard complaining, “But we have no way to address our issue, even Weibo is blocked.” The expert said, “I have brought this up too many times; as an expert, I have suggested that the mild to no symptom patients stay at home. Does anyone listen? No!” She continued, “Let me reiterate, do not bother checking your health cloud, it’s all a negative result. Only we will notify you when you have tested positive.” The caller responded, “So what we see is all fake?” She said, “That’s right.”

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No, they won’t. Wanna bet?

• WHO Will Assume Total Control Of Future Pandemics (Kirsch)

Thanks to Mike Yeadon for alerting me to this. Here’s Mike’s message to me (excerpt): “Steve, I’ve heard about this from half a dozen sources & I’m sorry to say that the concerns expressed are wholly justified. It’s a mad idea, but since certain individuals & nations have pretty much taken over the WHO, I think it’s a certainty that, if this new treaty gets signed, within a few years at most, a “public health emergency of International concern” will be declared, and all currently sovereign nations will become controlled subsidiaries of WHO. … No government should even have the power to throw their country over to a third party. If that happened, they’d never give it back. U.K. parliament signed up to emergency powers on the occasion of the first lockdown over two years ago. That temporary bill has never been repealed. We have no rights whatsoever if they decide we don’t. This is the main reason we emigrated.

Here’s the best practical reason not to sign such a treaty, aside from its anti-democratic central problem: Imagine there’s a new pathogen spreading across the world. Nobody, anywhere, knows what the best response should be. By definition it’s not known. History teaches us that we alight most rapidly upon probable best courses of action, not from modeling, but from empirical evidence. Running a large number of experiments, based on the smartest public health, medical & scientific brains, will quickly tell us what kinds of responses are helpful & which are not. Maintaining very good communication makes sure lessons learned are shared quickly. The worst conceivable response would be to place the decision making power in the hands of a single body. They’ll likely run one experiment. We’ll never learn the counterfactual. On this basis, I don’t even understand why anyone would fall for the idiotic notion that letting WHO have the controls would be a great idea. Even if they were honest & competent.

Please let me know if I can help in any way.

Best wishes

Mike

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Mandatory adverse effects.

• ‘Mandatory Vaccination’ For All Germans Over 60 Expected To Pass (ZH)

The COVID pandemic has largely subsided in Europe (although health authorities have warned about an uptick in cases caused by subvariants and hybrid variants of the omicron strain). But this hasn’t stopped German lawmakers from pushing for a new law that would legally require people age 60 and older to be vaccinated. But that’s not all. The deal struck by members of Germany’s ruling “stop sign” coalition, which includes Chancellor Olaf Scholz’s Social Democratic Party, the Greens and the ‘classical liberal’ Free Democrats, also includes an option for making COVID shots mandatory for everybody age 18 and older. That second provision will depend on how the next wave of the pandemic develops during the fall, according to Bloomberg, which cited a local report.


According to other provisions in the proposed law, the government would initially try to “encourage” the unvaccinated to voluntary submit to inoculation (Germany still has millions of unvaccinated citizens, not unlike the US). Fortunately, even if the proposal becomes a law (it’s due for a vote on Thursday), it will also include provisions that would reverse the situation if enough people receive their COVID shots voluntarily before the summer. Lawmakers told Bloomberg that the goal of the proposal is “effective prevention.” “We are united by the goal of effective prevention through the highest possible level of basic immunity for all adults for the fall, because in this way we can prevent the health system from being overwhelmed,” they added. Germany is still recording more than 200,000 cases and more than 300 deaths from the virus on most days. But with more than 75% of its population vaccinated, the pressure on the country’s health-care system has significantly lessened since the depths of the pandemic.

UK jab effectiveness

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“it’s like a sci-fi show where people went to sleep and woke up two years later, and the world has moved on but they haven’t.”

• The Teen Girls Aren’t Going to Forget (Suzy Weiss)

Lily May Holland, 16, remembers the long, lonely days during lockdown when her parents, both doctors, were at work. She’d watch “Gilmore Girls” and “Gossip Girl” and “Grey’s Anatomy” over and over. She stopped eating and started doing Chloe Ting workouts. “I’d have gum and a smoothie all day,” she said. They lived in the sticks north of Charlottesville, Virginia, on a dirt road between farms and trailer parks and the occasional Baptist church, and she didn’t have a license, so she couldn’t go anywhere or meet any friends. Teachers would post assignments online, but it was like—who cared? Everything happened in isolation, like they were atoms. “I would’ve gone to parties, and me and my friends were planning to go to concerts, and homecoming,” Lily said. “I had crushes freshman year. But all that fell away.”

Teenagers need a social life. Every single study and report and piece of data tells us so. But we don’t need studies to tell us what we all already know. Ask yourself: What would it have been like if you had spent your thirteenth year in solitude? It was more than a year, actually. Millions of American kids had gone a year-and-a-half mostly alone. And every single girl I spoke to said the same thing about the experience: They felt like they were sinking, or being swallowed up. So it almost seemed like an understatement when, in December 2021, the Surgeon General, Dr. Vivek Murthy, said the effect of the lockdowns had been “devastating” for young people’s mental health. “Usually, kids would be learning to disobey their parents and stay out late and figure out the consequences, but there was just none of that,” said Regine Galanti, a clinical psychologist in New York who specializes in adolescents with anxiety disorders.

The impact of all that emptiness—the zig-zagging from one hazy, blue-ish screen to another and then to another—was starting to come into focus, and it was scary. Lily said that, at some point mid-lockdown, she got sick of communicating with other human beings via iPhone. So then she stopped communicating at all. Galanti said, “It’s almost like a volcano that we set ourselves up for.”It was an unprecedented volcano. In the past, Earth-shaking events—the Great Depression, World War II, Vietnam—had forced kids to grow up. Teenagers got jobs or were deployed overseas, and when they came back they settled down and had kids or left home and fled to the big city. The point is that they started their lives.

Covid did the opposite. Instead of nudging young people out the door, it anchored them to their parents, to their bedrooms and to their screens. And now that the madness is finally ebbing, they’re unsure how to proceed. Galanti said, “it’s like a sci-fi show where people went to sleep and woke up two years later, and the world has moved on but they haven’t.”

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