Jun 092023
 


Laura Knight The Green Sea, Lamorna 1918

 

Ukraine Has Taken ‘Significant’ Losses This Week – US (RT)
West Has Done Everything For Ukraine – Biden (RT)
Kiev Needs Deadlier Weapons – US Lawmakers (RT)
Ukraine Gave Up Peace Deal With Russia Under US Pressure — Patrushev (TASS)
Kakhovka Attack Lines Up With West’s Scorched Earth Scenario for Ukraine (Sp.)
FBI Document Alleges $5 Million Bribe Paid To Joe Biden By Burisma Exec (ZH)
McCarthy: Unconscionable for Biden to Indict Leading Opposing Candidate (Sp.)
Mar-a-Lago Indictment Designed to Make Trump Reelection ‘Impossible’ (Sp.)
I Didn’t Order Nord Stream Sabotage – Zelensky (RT)
Biden Admin Waging Class War Against Working Americans – Michael Hudson (Sp.)
Russia Being Robbed By The West – Kremlin (RT)
EU Demands Answers Over ‘Instagram Pedophile Network’ (RT)
South Africa Won’t Enforce ICC Putin Warrant – Minister (RT)
Assange Dangerously Close to Extradition After High Court Rejects Appeal (RSF)
Pentagon Struggling To Explain All 437 Earth Genders To Aliens (BBee)

 

 


This is a Royal Mail stamp from 1981 bearing a profile of the late Queen – same hammer symbols, same tyrant uniform. McCarthyite fanatics opposed to any criticism at all of the apartheid Israeli state are trying to cancel this anti-fascist protest from our culture. @rogerwaters

 

 

Stone Putin
https://twitter.com/i/status/1666675508388458500

 

 

 

 

Zel before

 

 

 

 

Sachs China
https://twitter.com/i/status/1666683473426534400

 

 

 

 

JFK Peace Speech

 

 

 

 

 

 

US media say the counteroffensive has started. Ukraine denies. Whatever it is, is a disaster.

Ukraine Has Taken ‘Significant’ Losses This Week – US (RT)

The Ukrainian military has suffered “significant” casualties in its faltering attempt to mount a counteroffensive against Russian forces, US officials told CNN on Thursday. While Kiev has kept quiet about its losses, Moscow estimates that the offensive has already cost Ukraine almost 5,000 lives. Ukrainian troops hoping to break through Russia’s defensive lines have met “greater than expected resistance from Russian forces,”the American network reported, citing anonymous “senior US officials.” CNN’s sources described how Russian forces used anti-tank missiles and mortars to put up “stiff resistance” and inflicted “significant” casualties, as the Ukrainians struggled to get their Western-provided vehicles through densely-laid minefields. After months of delays and mixed messages from Kiev, Ukraine’s counteroffensive began on Sunday with an attack by six mechanized and two tank battalions along five sections of the frontline near Donetsk, and in other regions to the north and south.

Further attacks followed, and although pro-Ukrainian sources described these thrusts as “probing” attacks, it was clear by the beginning of this week that the counteroffensive had begun in earnest. The fiercest fighting took place on Wednesday night along the frontline near Zaporozhye, where the Russian military has spent several months constructing multiple lines of minefields, trenches, gun emplacements, and anti-tank obstacles. The Ukrainian 47th mechanized brigade attacked with a total strength of up to 1,500 troops and 150 armored vehicles, but Russian troops – backed by artillery and air support – repelled the assault, Russian Defense Minister Sergey Shoigu said on Thursday. Key to Russia’s defense has been its suppression of Ukraine’s air defense systems, allowing its fighter jets and attack helicopters to operate with impunity over the frontline.

The minister claimed that during a two-hour battle, the enemy lost 30 tanks, 11 armored personnel carriers and up to 350 troops. According to Shoigu’s daily updates, Ukraine has lost around 4,995 soldiers and almost 100 tanks since Sunday. Despite the apparently colossal losses, US National Security Adviser Jake Sullivan told CNN earlier this week that Washington believed “that the Ukrainians will meet with success in this counteroffensive.” However, General Mark Milley, the chairman of the joint chiefs of staff, urged caution, telling the network on Monday that it was “too early to tell what outcomes are going to happen.” “Everyone knows perfectly well that any counteroffensive in the world without control in the skies is very dangerous,” Ukrainian President Vladimir Zelensky said in a Wall Street Journal interview on Saturday, adding that “a large number of soldiers will die” during the operation.

Read more …

How to distance yourself from failure.

West Has Done Everything For Ukraine – Biden (RT)

Washington and its allies have exhausted their efforts to arm and prepare Ukraine for its counteroffensive against Russian forces, US President Joe Biden has claimed after meeting with UK Prime Minister Rishi Sunak at the White House. “We’ve done everything we could, collectively but individually in the United States, to make them ready, to support ..,” Biden told reporters on Thursday in a joint press briefing with Sunak in Washington. He called Kiev’s faltering attempts to mount an attack “an evolving situation where we’re very optimistic.” The US president made his comments amid reports that Ukrainian forces have suffered “significant” casualties as they battle to break through Russia’s defensive lines in the former Soviet republic. CNN admitted on Thursday that Ukraine’s troops were meeting “greater than expected resistance” and were struggling to get their Western-provided vehicles through minefields.

The long-discussed counteroffensive apparently began with a large-scale attack on Sunday, but met with withering firepower from Russian forces. Kiev admitted that its forces were “shifting to offensive actions” in some areas, but dismissed claims of its failures and losses as Russian propaganda. According to the Russian Defense Ministry, Ukrainian forces lost more than 3,700 troops, 52 tanks and hundreds of armored vehicles during the first three days of their attacks. Russian Defense Minister Sergey Shoigu said on Tuesday that only 71 Russian soldiers were killed over the same period. He added on Thursday that Ukraine’s 47th Mechanized Brigade retreated after losing 350 men and 30 tanks in the latest attack on the Zaporozhye front. Asked whether he expected to get new funding approvals from the Republican-controlled Congress to continue providing aid to Ukraine, Biden vowed “unwavering support” for Kiev. Lawmakers have approved $113 billion in Ukraine aid since February 2022. NATO members plan to discuss long-term security commitments for Kiev at a summit next month in Vilnius.

“Long-term security to deter future aggression after this war ends is the goal, and we’re advancing this goal by providing the support Ukraine needs now on the battlefield and helping them strengthen their military over the long term,” Biden said. “I believe we’ll have the funding necessary to support Ukraine as long as it takes.” Biden argued that while some lawmakers have begun to question whether the US should continue to provide aid to Ukraine, he sees broad agreement on the consequences of failing to do so. Sunak touted increases in UK defense spending, saying, “We’re lucky to have America’s investment in European security, but we need to share the burden alongside you.” He suggested that Russian President Vladimir Putin was betting on NATO members to tire of supporting Kiev. “I think it sends a strong signal to him that there is no point in trying to wait us out. We’re not going anywhere. We will be here for as long as it takes.”

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They want US missiles to be fired at targets inside Russia.

Kiev Needs Deadlier Weapons – US Lawmakers (RT)

Members of Congress have urged US President Joe Biden to provide even more advanced weaponry to Ukraine, including longer-range missiles that the White House previously warned could trigger World War III. Kiev must be given Army Tactical Missile Systems (ATACMS) to strike distant targets in Russia’s supply lines, nine lawmakers said in a letter to Biden on Thursday. The bipartisan group, led by Colorado Democrat Jason Crow, dismissed concerns that such weapons could escalate the conflict or leave US missile supplies too depleted. “We also understand the administration’s stated desire to maintain US stockpiles for future fights, but Ukraine is currently on the front lines in a fight for freedom in a war with immediate and long-term US national security implications,” the lawmakers said.

“The fight for global peace and security is playing out in Ukraine, and we believe this merits a drawdown from our existing stocks of this important capability.” ATACMS missiles can strike targets as far as 300 kilometers (190 miles) away. US National Security Advisor Jake Sullivan said last July that the Biden administration wouldn’t send such long-range missiles to Ukraine because such a precedent could provoke a wider conflict if used to attack targets in Russian territory. However, the UK has since supplied Kiev with an unspecified number of its own Storm Shadow long-range missiles, a decision that was apparently run by Washington first. While Britain has consistently pushed its allies to supply Kiev with heavier armaments, nothing happens without the US approval, NBC News reported last week.

Biden’s professed reluctance to take other potentially escalatory steps has crumbled as the conflict drags on. Last month, he agreed to allow US allies to provide F-16 fighter jets to Ukraine, while in January he approved plans to send M1 Abrams tanks to Kiev. Those concessions weren’t enough for the representatives behind Thursday’s letter. In addition to pushing for ATACMS missiles, they called for Biden to give more tanks and fighter jets to Ukraine, as well as additional Patriot air-defense systems. “Helping Ukraine fight and win is a US national security imperative and signals to the world that thee US will stand by our fellow democracies,” the nine lawmakers said. They called on Biden to do everything in his power, including using his authority under the Defense Production Act to accelerate weapons output, to give Ukrainian troops everything they need to mount a counteroffensive.

Kiev’s long-heralded attack apparently began on Sunday, and Biden said on Thursday that the US and its Western allies had already done everything they could to support the operation. According to CNN, the Ukrainian military has met with “greater than expected resistance” from Russian forces. Ukraine has lost more than 4,000 troops and dozens of tanks and armored vehicles in its failed attacks this week, according to the Russian Defense Ministry.

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“in the morning, they [members of the Ukrainian delegation] gave [the proposals] to us during the negotiations and in the evening they said: ‘No, we give them up.’”

Ukraine Gave Up Peace Deal With Russia Under US Pressure — Patrushev (TASS)

The Ukrainian leadership was ready to settle the conflict with Russia but gave up under the US pressure, Russia’s Security Council Secretary Nikolay Patrushev said on Thursday. “Had it not been for the US pressure on those whom they installed at the head of Ukraine, this situation would have not happened, Even the Ukrainian leaders themselves were ready for signing a peace treaty and gave Russia written proposals that we, in principle, approved,” Patrushev said, obviously referring to the negotiations between the Russian and Ukrainian delegations in Turkey in March last year. However, as Patrushev went on to say, “in the morning, they [members of the Ukrainian delegation] gave [the proposals] to us during the negotiations and in the evening they said: ‘No, we give them up.’”

“This happened only because the United States had put pressure on them and said that no negotiations must be held,” the secretary of Russia’s Security Council stressed. As Patrushev pointed out, “there are interested parties in this conflict,” first and foremost, the United States and Great Britain. The first Russian-Ukrainian negotiations after Russia launched its special military operation in Ukraine took place in Belarus in early March 2022 but the talks yielded no tangible results.

A new round of negotiations took place in Istanbul on March 29, 2022, following which Russian Delegation Head, Presidential Aide Vladimir Medinsky announced that Moscow had for the first time received Kiev’s principles of a possible future agreement in witting, stipulating, in particular, Ukraine’s neutral, non-aligned status commitments and its refusal to deploy foreign troops and armaments, including nuclear weapons, on its soil. Russia pulled out its forces from the Kiev and Chernigov areas. However, the negotiations on the peaceful settlement were totally frozen after that and, as Russian President Vladimir Putin said, Kiev gave up the accords reached in Istanbul. In October last year, Ukrainian President Vladimir Zelensky enacted a decision by the country’s National Security and Defense Council on banning any talks with Putin.

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“For Russia, these same territories are a kind of “shrine,” he said. “These lands were settled and developed by our ancestors. We fought for these lands in two world wars. We are not indifferent to these territories, or the people living there.”

Kakhovka Attack Lines Up With West’s Scorched Earth Scenario for Ukraine (Sp.)

The fallout from Tuesday’s attack on the Kakhovka dam continues to mount, with the Kremlin characterizing the incident as a “barbaric act” ordered “at the suggestion of [Kiev’s] Western curators,” and a calamity which has unleashed a “large-scale environmental and human disaster. A US-based private Earth imaging company released before and after satellite photos showing the consequences of the flooding, with much of the town of Novaya Kakhovka in Russia’s Kherson completely submerged in water, together with other settlements on both the Russian and Ukrainian-controlled sides of the river. A European Space Agency satellite tracking water levels June 5, 6, and 7 showed the extent of the rising water levels across the region over the three days.

Ukrainian and NATO officials quickly blamed Moscow for the disaster, calling it an “ecological catastrophe.” Russia, which has borne an equal share of the direct fallout of the flooding, plus the prospects of the loss of water in the North Crimean Canal and cooling water for the Zaporozhye Nuclear Power Plant, dismissed the claims, pointing out that Kiev had been attacking the Kakhovka hydroplant and its environs for well over a year before Tuesday morning’s fatal blow. The Kakhovka dam attack is another example of the Zelensky regime’s absolute disregard for casualties and destruction in the ongoing NATO-Russia proxy war in Ukraine, and another demonstration of the West’s cynical maxim of “fighting Russia to the last Ukrainian,” says prominent Russian military observer Alexey Leonkov.

“When there are no impressive battlefield victories, but one needs to raise the degree of the demonization of Russia, one can really go all out. The regime in Kiev and those who control it do not care whatsoever about what happens to Ukraine in the future, or speaking more precisely, its people. They want to leave for Russia a territory in accordance with scorched earth tactics – destruction, an embittered population, preferably with environmental pollution, radioactive residues or perhaps [the fallout from] biological weapons,” Leonkov, the editor of Arsenal Otechestva, a Russian military affairs magazine, told Sputnik. Leonkov is convinced that Ukraine’s military and government lack any real independence, and carry out the policy of Western powers paying the bills.

Kiev’s patrons are “absolutely uninterested in Ukraine’s lands or the people who live there…They do not care how many people will die, how many cities and villages are destroyed, how many environmental disasters and other calamities they face. They don’t give a damn about it,” the observer said. For Russia, these same territories are a kind of “shrine,” he said. “These lands were settled and developed by our ancestors. We fought for these lands in two world wars. We are not indifferent to these territories, or the people living there. That’s why we are trying to conduct a military operation, not an all-out war that destroys everything and everyone…Our enemy, and this is clear, consists of [30 countries], all of them members of the NATO bloc. This adversary…has already stated that they will [strive to] realize their goals ‘to the last Ukrainian.’

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The FBI has known for 3 years that Biden was paid for services to Burisma when as VP he was in charge of Ukraine for Obama. “Well, son of a bitch, he got fired..”

FBI Document Alleges $5 Million Bribe Paid To Joe Biden By Burisma Exec (ZH)

Someone has leaked the contents of the stonewalled FBI document, form FD-1023, which alleges that President Joe Biden was paid $5 million by an executive of Ukrainian natural gas firm Burisma Holdings, where his son Hunter sat on the board. This, according to a confidential human source, who told this to the FBI during a June 2020 interview, according to Fox News. The form, dated June 30, 2020, is from a “highly credible” confidential human source who had detailed multiple meetings and conversations they had with a top Burisma executive over the course of several years, beginning in 2015. The CHS had been working with the FBI as a regular, reliable source of information since 2010, and has been paid approximately $200,000 by the bureau.

The Burisma executive sought the advice of the confidential source, a business professional, on gaining U.S. oil rights and getting involved with a U.S. oil company, the sources familiar with the documdnt said. The Burisma executive was speaking with the confidential source to “get advice on the best way to go forward” in 2015 and 2016 According to the FD-1023 form, the confidential human source said the Burisma executive discussed Hunter’s role on the board. The confidential human source questioned why the Burisma executive needed his or her advice in acquiring access to U.S. oil if he had Hunter Biden on the board. The Burisma executive answered by referring to Hunter Biden as “dumb.” -Fox News According to the Burisma executive, the company had to “pay the Bidens” because Ukraine’s lead prosecutor, Victor Shokin, was investigating Burisma.

According to the CHS, he suggested that the Burisma executive “pay the Bidens $50,000 each,” to which the Burisma executive replied “not $50,000,” it is “$5 million.” “$5 million for one Biden, $5 million for the other Biden,” the executive reportedly said. The $5 million payments appeared to reference some sort of “retainer” Burisma intended to pay the Bidens in order to ‘clean up’ several issues – including the investigation led by Shokin. Another source told Fox it was a “pay-to-play” scheme. The CHS believes that the $5 million payment to Joe Biden and $5 million to Hunter happened, as the Burisma executive said he “paid” the Bidens is a way “through so many different bank accounts” that investigators would not be able to “unravel this for at least 10 years.” The document also makes reference to ‘the Big Guy,’ thought (and as seen on Hunter’s laptop) to be a reference to Joe Biden.

According to the Burisma executive, they “didn’t pay the Big Guy directly.” Meanwhile, sources tell Fox that the Burisma executive appears to be at a “very, very high level” of the company, with one source suggesting it could be the president, Mykola Zlochevsky – though the executive’s name is redacted in the document. Biden notably bragged on camera about a quid-pro-quo arrangement to have Shokin fired. “I said, ‘You’re not getting the billion. I’m going to be leaving here in,’ I think it was about six hours. I looked at them and said: ‘I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money,” Biden said in 2018 at a Council for Foreign Relations event, recalling a conversation with former Ukrainian President Petro Poroshenko. “Well, son of a bitch, he got fired,” he continued. “And they put in place someone who was solid at the time.”

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“..Trump is facing seven counts that include willful retention of national defense information, corruptly concealing docs, conspiracy to obstruct justice, and false statements.”

McCarthy: Unconscionable for Biden to Indict Leading Opposing Candidate (Sp.)

US House Speaker Kevin McCarthy said Thursday it was “unconscionable” for US President Joe Biden to indict “the leading candidate opposing him” – ex-President Donald Trump. “Today is indeed a dark day for the United States of America. It is unconscionable for a President to indict the leading candidate opposing him,” McCarthy said on Twitter. “Joe Biden kept classified documents for decades. I, and every American who believes in the rule of law, stand with President Trump against this grave injustice. House Republicans will hold this brazen weaponization of power accountable.” McCarthy’s remarks reiterated similar sentiments aired by Florida Governor Ron DeSantis, who blasted the “weaponization of federal law enforcement agencies” as a “mortal threat to a free society.”

“We have for years witnessed an uneven application of the law depending upon political affiliation,” he continued, claiming that a DeSantis White House would “excise political bias and end weaponization once and for all.” Earlier Thursday, Trump revealed on Truth Social that “the corrupt Biden administration” had informed his lawyers that he had been indicted in a federal investigation over alleged mishandling of classified documents at his Florida residency, and was summoned to appear in court on Tuesday. The ex-president expressed despair over the indictment, pointing out that he is being prosecuted as polls show he is by far the leading candidate among both Republicans and Democrats.

US media reported on Thursday that Trump is facing seven counts that include willful retention of national defense information, corruptly concealing docs, conspiracy to obstruct justice, and false statements. Trump has denied any wrongdoing in the classified documents case and the other three criminal probes he is involved in, including charges of falsifying business records and the former president’s alleged involvement in the events on Capitol Hill on January 6, 2021.

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“Joe Biden is a Democrat and therefore his classified documents are a mere oversight and not the foundation–shaking treachery Trump’s documents represent..”

Mar-a-Lago Indictment Designed to Make Trump Reelection ‘Impossible’ (Sp.)

Former US President Donald Trump earlier reported that his legal team had been informed that he was being indicted over his retainment of classified documents at his Mar-a-Lago residence. The revelation came just after it was reported prosecutors had formally informed Trump’s lawyers that he was the subject of their Florida investigation. Michael Shannon, a political commentator and columnist for Newsmax, told Sputnik that he believes the investigation into Trump’s handling of classified documents and alleged obstruction of justice is part of a larger politically-motivated scheme designed to prevent the former president from running for his old seat in the 2024 election.
“This is all part of the process to indict Trump and make it difficult — if not impossible — for him to run for reelection,” Shannon asserted. “The entire investigation, raid on Mar–a–Lago and subsequent developments are entirely political and constitute a genuine attack on democracy.”


Shannon pointed to classified documents that were found at US President Joe Biden’s Delaware home and at the Biden Penn Center in Washington, DC, as evidence that the Mar-a-Lago investigation is politically driven. Earlier reports revealed that documents had been retrieved from the garage area of one of Biden’s homes, a development that later saw the president joke that they were secured along his beloved Corvette. “Joe Biden is a Democrat and therefore his classified documents are a mere oversight and not the foundation–shaking treachery Trump’s documents represent,” Shannon said. The commentator added that while classified documents were also found in the possession of former US Vice President Mike Pence, “the left doesn’t view him as a threat to Biden, the Pence documents are also no big deal.”

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We know.

I Didn’t Order Nord Stream Sabotage – Zelensky (RT)

Ukrainian President Vladimir Zelensky has claimed he had no knowledge of an alleged plot by his government to blow up the Nord Stream gas pipelines. The plan was reportedly uncovered by a European nation, which subsequently informed Washington. “I am president and I give orders accordingly,” Zelensky said, as cited by Politico on Thursday. “Nothing of the sort has been done by Ukraine. I would never act that way.” The alleged intelligence tip was reported by the Washington Post on Tuesday, based on leaked classified Pentagon materials. The pipelines, which were built to carry gas from Russia to Germany, were ruptured by powerful explosions last September, and the newspaper claimed that the US had learned of Ukrainian preparations for a sabotage operation three months prior from an unidentified ally.

The alleged mission was run by Valery Zaluzhny, the commander-in-chief of the Ukrainian armed forces, rather than rogue agents, the Post claimed. Zaluzhny was placed in charge so that Zelensky “wouldn’t know about the operation” and could maintain plausible deniability, it was reported. “I didn’t know anything, 100%,” the president said in the interview. “I said, ‘Show us proof. If our military is supposed to have done this, show us proof.’” According to the Post, Ukraine wanted to blow up the pipelines following NATO’s BALTOPS naval exercise in June 2022. Investigative journalist Seymour Hersh previously claimed that the drills were used as cover to plant remotely triggered explosives, but stated that it was US and Norwegian divers who had done so, acting on orders from US President Joe Biden. Washington and Oslo have denied Hersh’s allegations.

Zelensky’s ability to control his own secret services was previously placed in question by other materials in the trove of leaked Pentagon documents, which were allegedly shared by US Air National Guard member Jack Teixeira. One of the documents stated that the US believed that the Ukrainian agents behind an attack in March on a Russian airborne radar stationed in Belarus had not informed the president about their plans.

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“..there is no way that the government was going to default on its Treasury debt because, after all, the Treasury debt is held by the wealthiest 10%..”

Biden Admin Waging Class War Against Working Americans – Michael Hudson (Sp.)

US President Joe Biden’s economic policies have further enriched financial elites at the expense of working class Americans, Prof. Michael Hudson, US economist and former Wall Street analyst, told Sputnik’s New Rules podcast. Biden struck a debt ceiling deal with House Speaker Kevin McCarthy with a great deal of fanfare late last month following Treasury Secretary Janet Yellen’s apocalyptic prognoses with regard to a US “imminent” default. According to Hudson, however, these dramatic warnings were meant to obfuscate the Biden administration’s real objectives “There was never any debt crisis at all,” Hudson told Sputnik. “The government could have simply continued to pay its bills for projects that Congress had already approved, there is no way that the government was going to default on its Treasury debt because, after all, the Treasury debt is held by the wealthiest 10% and the government is not going to do anything that hurts the 10% and benefits the 90%.”

What really happened, as per economist, was a bipartisan agreement on a further redistribution of wealth from the 90% to the 10%. However, the Democrats could not just go for it as they have always positioned themselves as a pro-labor and pro-economic justice party. Hence, there had been a month-long “good guy-vs-bad guy wrestling match” between the president and the GOP, according to Hudson. Eventually, Biden “reluctantly” agreed on cuts to social programs, cancellation of support to the poor. One should bear in mind that Joe Biden is from Delaware – a “state where most corporations in America have their head offices because the Delaware rules are so pro-corporate and anti-labor that corporations want to be there.” “It’s all just a made up,” Hudson continued. “When they talk about cutting back the government debt, what they mean is cutting back social services.

They would like to do what Biden and [Barack] Obama wanted to do after 2009. They want to cut back Social Security. They want to privatize it as if that will somehow solve the problem. They want to cut back medical care. They want to cut back most social programs, so that the money that the government does spend will be exclusively to support the financial sector, the military sector, the insurance sector, and the real estate sector.” To illustrate his point Hudson referred to the fact that just a day after the debt agreement was struck and social programs were cut, some GOP congressmen, namely Senator Susan Collins from Maine, called for greater military spending to help fund the US proxy war in Ukraine. These military budget increases would come at the expense of US social programs, the economist pointed out.

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“..as of mid-May, EU countries had frozen more than €200 billion ($215 billion) in assets belonging to the Bank of Russia, as well as over $25 billion in private funds..”

Russia Being Robbed By The West – Kremlin (RT)

The seizure of Russian state assets and reserves and those of its citizens, by Western countries, should be perceived as outright theft, Kremlin spokesperson Dmitry Peskov has insisted. He made the statement during a press briefing on Thursday, having been asked about Russian investors’ intentions to prepare a class action lawsuit to unlock the frozen assets. “In different ways, but the government and the entrepreneurs have been robbed by the West,” he stated. According to Peskov, the Russian government and the country’s businesses are looking for ways to protect their interests and return the seized assets, though that is likely to be a very long and difficult process. Peskov noted that Russian entrepreneurs are limited in their rights in EU courts, while the efforts to defend their rights are absolutely justified and should be continued.


Moscow has been hit by multiple waves of Western sanctions since the conflict with Ukraine broke out last February. European Commission spokesman, Christian Wiegand, said recently that as of mid-May, EU countries had frozen more than €200 billion ($215 billion) in assets belonging to the Bank of Russia, as well as over $25 billion in private funds. He argued that the European Union had a legal avenue allowing it to seize frozen Russian assets and use them for the subsequent reconstruction of Ukraine. Moscow has described Western attempts to transfer the seized assets to Ukraine as “barbarism,” and “theft” that violate international law. The Kremlin has also warned that Russia will respond in kind if necessary.

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Pizza.

EU Demands Answers Over ‘Instagram Pedophile Network’ (RT)

The European Union’s Internal Market Commissioner Thierry Breton has called on social media giant Meta to take “immediate action” against child pornography on its platforms, after the Wall Street Journal and Stanford University identified Instagram as a major hub for illicit material. Breton commented on the WSJ report in a tweet on Thursday, saying that Meta’s voluntary code on child protection “seems not to work” while vowing to personally question company CEO Mark Zuckerberg on the issue at an upcoming event.“Zuckerberg must now explain [and] take immediate action. I will discuss [this] with him at Meta’s HQ in Menlo Park on 23 June,” he said, adding that new regulations under the EU’s Digital Services Act will force tech firms to “demonstrate measures to us or face heavy sanctions” after they take effect on August 25.

Published Wednesday, the Journal report was a result of a joint investigation between the outlet and researchers at Stanford University and the University of Massachusetts Amherst, finding that Meta’s Instagram “helps connect and promote a vast network of accounts openly devoted to the commission and purchase of underage-sex content.” Algorithms on the social media site actively promote such illegal material, the researchers claimed, even helping to guide users to those selling child pornography through Instagram’s “recommendation systems,” which were said to “excel at linking those who share niche interests.” While Meta acknowledged that it is not able to remove all underage sexual content on Instagram, the company told the Journal that it has created a special task force for that purpose, claiming it has taken down 27 different “pedophile networks” over the last two years.

It added that it had removed thousands of hashtags which sexualize children and altered the site’s recommendation scheme since speaking to the WSJ. Instagram is not the only large social media platform found to host child pornography, with billionaire entrepreneur Elon Musk vowing make the issue “Priority #1” after purchasing Twitter last year. Another Meta-owned site, Facebook, has also struggled to get a handle on child exploitation content circulating online.Together with Instagram, the company flagged more than 20 million examples of such material in 2020, well outpacing Meta’s competitors, according to data gathered by the National Center for Missing and Exploited Children.

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“..if Putin were to be arrested by “say, Germany… all our missiles would fly to the Bundestag, to the Chancellor’s office.”

South Africa Won’t Enforce ICC Putin Warrant – Minister (RT)

South Africa will not enforce the International Criminal Court’s warrant for the arrest of Russian President Vladimir Putin, Minister in the Presidency Khumbudzo Ntshavheni told reporters on Thursday. “The Deputy Chairperson of the Security Council of Russia has indicated that anyone who arrests President Putin will be tantamount to a declaration of war,” Ntshavheni said, referring to a statement by Dmitry Medvedev in March. At the time, Medvedev declared that if Putin were to be arrested by “say, Germany… all our missiles would fly to the Bundestag, to the Chancellor’s office.” “I don’t think this country wants us to declare war with Russia,” Ntshavheni added.

In mid-March, the International Criminal Court (ICC) issued arrest warrants for Russian President Vladimir Putin and Maria Lvova-Belova, the presidential commissioner for children’s rights. The court accused them of the “forcible transfer of population,” referring to Moscow’s efforts to evacuate children from combat zones amid hostilities with Ukraine. As a signatory to the 2002 Rome Statute, South Africa is obliged to enforce the warrant. However, the country is also hosting this year’s BRICS summit in August, at which the leaders of the world’s largest emerging economies – Brazil, Russia, India, China and South Africa – are due to meet.

Despite media reports suggesting that South Africa had asked China to host the summit, Ntshavheni told reporters that “nothing has changed,” and that the meeting would still go ahead in Johannesburg as planned. Moscow dismissed those reports as a hoax last week. Speaking to the BBC on Wednesday, Obed Bapela, a deputy minister in the South African presidency, said that the government was working on legislation that would make its national law outrank that of the ICC. If parliament passes the bill, Pretoria could then “give itself exemptions of who to arrest and who not to arrest,” Bapela explained.

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“It is absurd that a single judge can issue a three-page decision that could land Julian Assange in prison for the rest of his life,,“

Assange Dangerously Close to Extradition After High Court Rejects Appeal (RSF)

Reporters Without Borders (RSF) is deeply concerned by the UK High Court’s decision rejecting WikiLeaks publisher Julian Assange’s appeal against his extradition order, bringing him dangerously close to being extradited to the United States, where he could face the rest of his life in prison for publishing leaked classified documents in 2010. In a three-page written decision issued on 6 June, a single judge, Justice Swift, rejected all eight grounds of Assange’s appeal against the extradition order signed by then-UK Home Secretary Priti Patel in June 2022. This leaves only one final step in the UK courts, as the defence has five working days to submit an appeal of only 20 pages to a panel of two judges, who will convene a public hearing. Further appeals will not be possible at the domestic level, but Assange could bring a case to the European Court of Human Rights.

Rebecca Vincent, RSF’s Director of Campaigns: “It is absurd that a single judge can issue a three-page decision that could land Julian Assange in prison for the rest of his life and permanently impact the climate for journalism around the world. The historical weight of what happens next cannot be overstated; it is time to put a stop to this relentless targeting of Assange and act instead to protect journalism and press freedom. Our call on President Biden is now more urgent than ever: drop these charges, close the case against Assange, and allow for his release without further delay.

Stella Assange, Julian’s wife, made a statement on Twitter: “On Tuesday next week my husband Julian Assange will make a renewed application for appeal to the High Court. The matter will then proceed to a public hearing before two new judges at the High Court and we remain optimistic that we will prevail and that Julian will not be extradited to the United States where he faces charges that could result in him spending the rest of his life in a maximum security prison for publishing true information that revealed war crimes committed by the U.S. government.”

This is the latest stage in more than three years of legal proceedings in UK courts, as the US government has made its case to extradite Assange in order to try him on 18 counts in connection with WikiLeaks’ publication of hundreds of thousands of leaked classified documents that informed public interest reporting around the world. Although the first instance court ruled against extradition on mental health grounds, the Court of Appeals overturned the decision in consideration of diplomatic assurances presented by the US government. Assange would be the first publisher prosecuted under the Espionage Act, which lacks a public interest defence. He faces a combined total sentence of a possible 175 years in prison.

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“Everything is gender,” SecDef Austin explained. “Even this table is gender.”

Pentagon Struggling To Explain All 437 Earth Genders To Aliens (BBee)

Interstellar peace talks broke down Wednesday after Pentagon officials were unable to adequately explain the intricacies of all 437 Earth genders to aliens from outer space. “Okay, for the last time,” said Secretary of Defense Lloyd Austin during the third hour of talks with extraterrestrials. “Demigender are people who identify partially with one gender at the same time as another. This is totally different from Bigender, which is when a person identifies as two genders and can switch between them. Do you understand now?” “This isn’t at all confusing.”

The aliens spoke via telepathy, communicating easily without the hindrance of language barriers, yet were still unable to understand why their human counterparts kept derailing talks about joining an alliance of free planets to argue that sex and gender are two different things — or even that a developmental condition such as autism can be a gender. “Everything is gender,” SecDef Austin explained. “Even this table is gender.” President Biden was present at the meeting but was unable to communicate due to a failure by alien lifeforms to create a telepathic link to his brain. [Is this man even alive?] asked Xylor Sieth IV. [Is corpse a gender?]


“It can be,” SecDef Austin answered. “You’re catching on!” Pentagon spokesperson Jean Tangerine told reporters, “Honestly, this is a big part of why the government has kept alien life a secret for so long. They’re super bigoted and not ready for the public.” At publishing time, Xylor Sieth IV had asked to speak to Tucker Carlson instead.

Read more …

 

 

 

 

 

 

Goat
https://twitter.com/i/status/1666822364963942402

 

 

Gray whale

 

 


The first case of a crocodile who made herself pregnant has been identified in Costa Rica. She produced a foetus 99.9% genetically identical to herself. The phenomenon was observed in birds, fish, other reptiles, but never before in crocodiles

 

 

Baby thanks

 

 

 

 

 

 

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

 

 

 

 

 

Oct 282021
 
 October 28, 2021  Posted by at 7:19 am Finance Tagged with: , , , , , , , , ,  74 Responses »


M. C. Escher Drawing hands1948

 

Fauci’s NIH Also Funded Medical Experiments on AIDS Orphans in NYC (GP)
Congress Didn’t Give OSHA Authority to Impose Vaccine Mandates (HF)
Japan Drops Vax Rollout, Goes To Ivermectin, Ends Covid Almost Overnight (HTRS)
Two Indian Drugmakers to End Trials of Generic Merck Pill (R.)
Minnesota Surgeon Fired After Saying Parents Should Decide On Kids’ Masks (JTN)
Instagram Censors Popular Animal Rescuer for Slamming Fauci (GP)
Revolt of the Essential Workers (Tab)
Biden’s Nominee Omarova Wants to Move All Bank Deposits to the Fed (Martens)
China Cannot Offset Its Property Bubble Easily (Lacalle)
EU Fines Poland €1 Million Per Day Over Judicial Reforms (DW)
Pfizer Vaccine To Lower Child Deaths From Almost Zero To Almost Zero (BBee)

 

 

 

 

Wait, so we can’t use Ivermectin because “We don’t have enough data,” But..
“Let’s vaccinate children to see how safe the vaccine is because we don’t have enough data.”

 

 

Tucker FDA
https://twitter.com/i/status/1453180072937107456

 

 

 

 

Such a fine man.

Fauci’s NIH Also Funded Medical Experiments on AIDS Orphans in NYC (GP)

In August Gateway Pundit contributor Cassandra Fairbanks broke the story on Dr. Fauci’s use of taxpayer money to torture beagles in barbaric animal testing. Dr. Fauci funded a study in Tunisia where beagle dogs were eaten alive by parasite-infected flies. Dr. Fauci also spent over $16 million in taxpayer funds on disturbing “toxic brain injection” experiments on monkeys in 2018. And Dr. Fauci was more recently caught funding gain-of-function research in Wuhan, China laboratory blamed for the production and leak of the coronavirus. Fauci lied about his funding of the lab under oath numerous times. Now this… Dr. Fauci’s NIH was also caught funding experiments on AIDS orphans at a New York City hospital in 2004.

The Fauci NIH approved experiments on hundreds of New York City orphans. Government agencies and pharmaceutical companies used the orphans in deadly AIDS drug trials. In 2005, the city of New York hired the VERA Institute to form a final report on the drug trials. VERA was given no access to medical records for any of the children used in trials. Their report was published in 2008. They reported that twenty-five children died during the drug studies, that an additional fifty-five children died following the studies (in foster care), and, according to Tim Ross, Director of the Child Welfare program at VERA (as of 2009), 29% of the remaining 417 children who were used in drug studies had died (out of a total 532 children that are admitted to have been used). [LINK]

The WIKIPEDIA writers cover up all details, as is expected. No payment or compensation has been paid to any of the children used in the trials, or to their families. A hospital nurse later spoke out to reporters about the testing. She reported that children would immediately get sick, break out or throw up during the testing. They were orphans at the Incarnation Children’s Center in New York City. The ICC Investigation website offers several documents and interviews with children and childcare workers at the hospital who participated in the research.

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“OSHA will issue the order. And then get sued.”

Congress Didn’t Give OSHA Authority to Impose Vaccine Mandates (HF)

The Occupational Safety and Health Administration is about to require 80 million working Americans to get vaccinated. You may be among them. There’s just one catch: OSHA lacks the legal authority to impose a vaccine mandate. Declaring that his patience was “wearing thin” with unvaccinated Americans, President Joe Biden on Sept. 9 announced that OSHA would require companies with at least 100 employees to mandate that workers either get vaccinated or submit to weekly COVID-19 tests. OSHA sent a draft mandate to the White House on Oct. 8. Once the White House completes its review, OSHA will issue the order. And then get sued. As we detail in our legal analysis, the courts will almost certainly strike down the OSHA vaccine mandate. Here are a few reasons why:

Congress did not place vaccines within OSHA’s purview. OSHA is establishing the vaccine mandate through an “emergency temporary standard.” This highly unusual process allows OSHA to bypass public notice and comment. Federal agencies, including OSHA, typically must submit major rules to public scrutiny before finalizing them. To take the “emergency temporary standard” shortcut, the agency must persuade a court that workers are in “grave danger” and that it is “necessary” to protect them against that danger. The “grave danger” that an emergency temporary standard must address must come from “exposure to substances or agents determined to be toxic or physically harmful or new hazards.” A toxic substance or agent is a poisonous element or compound. A substance or agent can be “physically harmful” because it is flammable, explosive, or carcinogenic.

The danger a virus causes, by contrast, derives from its ability to replicate within a living organism. Congress created OSHA to promote workplace safety. OSHA inspectors look for hazards that can potentially harm employees, such as improperly stored chemicals, inadequately lighted or ventilated workstations, or lack of protective equipment (e.g., gloves and hard hats). Vaccines against viruses are an entirely different form of protection and are beyond the scope of OSHA’s mandate. Congress tasked the Department of Health and Human Services with determining the safety, efficacy, and appropriate use of vaccines. Congress authorized the Food and Drug Administration to determine whether vaccines should be allowed in interstate commerce. It empowered the Centers for Disease Control and Prevention to recommend who should receive such vaccines. Both agencies are within HHS. OSHA resides in the Department of Labor. Congress has given neither OSHA nor the Labor Department authority over vaccines.

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Are US, EU even studying this?

Japan Drops Vax Rollout, Goes To Ivermectin, Ends Covid Almost Overnight (HTRS)

The European Medicines Agency said Thursday that new preliminary data from the Nordic countries supports a warning the agency adopted in July that inflammatory heart conditions called myocarditis and pericarditis can occur in very rare cases following vaccination with Covid-19 shots made by Moderna and Pfizer-BioNTech. By far, however, the absolute superstar among foreign nations dealing with COVID is Japan. Japan has PULLED the vaccines and substituted Ivermectin – and in one month, wiped COVID out in that country! [..] By September deaths from the COVID-19 Vaccine jabs were being investigated. At roughly that time, the vials were under scrutiny and metal “magnetic” material was found in them.


Very shortly thereafter, the Japanese minister of health announced doctors could prescribe Ivermectin. A month later, the Western press is shocked that COVID has all but disappeared from the island. [..] This is what it looks like in a country that still has rule of law. The governemnt responds to reports of death and contaminated vaxes, moves to real treatment, people get better, and the virus disappears. Now compare that to what is happening in the United States and in Australia and New Zealand. All three countries are in dismal failure in their handling of COVID-19, and that failure has resulted in staggering loss of freedom and destruction of commerce. This is the biggest news story right now Japan has ended COVID. It did it after it stopped the vax rollout and went to Ivermectin.

Rogan IVM

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Why do they call it generic?

Two Indian Drugmakers to End Trials of Generic Merck Pill (R.)

Two Indian drugmakers have requested permission to end late-stage trials of their generic versions of Merck & Co’s promising experimental oral antiviral drug molnupiravir to treat moderate COVID-19, a week after Merck said its own trial had succeeded for mild-to-moderate patients. Merck earlier this year suspended its own development of molnupiravir as a treatment for hospitalized COVID-19 patients since many of them have reached a phase of the disease that is too late for an antiviral drug to provide much help. The Indian companies – Aurobindo Pharma Ltd and MSN Laboratories – did not exclude hospitalized patients in designing their moderate COVID-19 trials, according to study documents, although it was not known if the trials ultimately included people in the hospital.

Merck spokesperson Melissa Moody said Merck and the Indian companies had defined “moderate” disease differently. Merck’s trials are based on U.S. Food and Drug Administration definitions, which for moderate COVID-19 describe blood oxygen levels as no lower than 93%. It defines blood oxygen levels for severe COVID-19 as 93% or lower. The trials in India define moderate COVID-19 blood oxygen levels as 90% to 93%, according to the trial documents for the two companies.Aurobindo and MSN are continuing to conduct studies of molnupiravir in patients with mild COVID-19 who have not been hospitalized, according to trial documents and the website of the Indian drug regulator’s internal expert committee.

Merck and partner Ridgeback Biotherapeutics last week said molnupiravir had nearly halved the risk of hospitalization or death in at-risk non-hospitalized patients with mild-to-moderate COVID-19, results hailed by experts as potentially a major advance in fight against the illness. The Indian drug regulator’s committee also disclosed on its website that Aurobindo and MSN had presented interim clinical trial data for moderate COVID-19 patients and asked to end the trials.

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“.. it’s still their responsibility. It’s not yours. God gave it to them. Honor their wishes, either side of the fence.”

Minnesota Surgeon Fired After Saying Parents Should Decide On Kids’ Masks (JTN)

A Minnesota surgeon was fired from his job earlier this month for giving a speech to school officials in which he advocated for parents to decide whether their children should wear masks. According to Fox News, Dr. Jeffrey Horak spoke before the Fergus Falls School Board on Oct. 11, arguing that parents should have the final decision concerning the health of their children. Dr. Horak’s comments were in response to a district-wide mask mandate that went into effect the day prior. “Who does God put in charge of these kids? Their parents,” Horak said during the meeting. “God gave each one of these kids… to their parents and they speak for them. They may be wrong, they may be dumb, they may be perfect in their decisions. But it’s still their responsibility. It’s not yours. God gave it to them. Honor their wishes, either side of the fence.”


Horak reportedly said that more than a week later, he was dismissed from his position at Lake Region Healthcare because his “views were no longer congruent” with that of the hospital. A spokesperson for Lake Region confirmed that Horak no longer works there as of Wednesday. The spokesperson went on to say that Lake Region’s didn’t make the decision concerning Horak’s employment, rather it was the “Medical Group Board who made the decision about discontinuing Dr. Horak’s practice.”

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Fauci is a protected species.

Instagram Censors Popular Animal Rescuer for Slamming Fauci (GP)

Instagram has censored the founder of SPARTN Monkey Rescue for blasting Dr. Anthony Fauci over experimental COVID vaccines being injected into sanctuary primates. Michael Robison, a primate expert and rescuer, had stated that Fauci “just helped fund a $37M experimental vaccine trial on 77 chimps via a partnership with Zoetis/Pfizer at a Georgia sanctuary!” “Chimps that were rescued from this mess and other abuse… are now part of the largest animal testing trial in history at his guidance,” Robison continued. Robison added that the use of the experimental vaccines in these rescued primates is a violation of the Endangered Species Act and the CHIMPS Act, both of which are federal laws, “for a version of the vaccine meant for kids!”

The comments were flagged by Instagram for possibly “containing racist language or other content that goes against our community guidelines.” Robison is a well-respected rescuer who has developed quite a following on social media for his charming videos of monkeys and other animals that he has saved. Robison was also recently censored on Twitter for speaking out about his own regrets about getting the vaccine after suffering severe side effects — making his desire to defend the chimps even more urgent. As Gateway Pundit previously reported, one of the largest vaccine testing trials in history will be taking place at Project Chimps — a People for the Ethical Treatment of Animals allied “sanctuary” for great apes. Project Chimps was founded in 2014 following the end of National Institutes of Health funding for biomedical research on these animals.

“About 70% of the chimpanzees at Project Chimps have been trained to receive voluntary injections, and the staff is working on preparing the rest,” Science Magazine reports. The nonhuman COVID-19 vaccine was created by Zoetis, a U.S. company that was originally the animal division of Pfizer. It has only been authorized for experimental use in animals. Testing experimental vaccines on these chimps, many of whom were already used for animal research in the past, does appear to be a direct violation of the Chimpanzee Health Improvement, Management and Protection (CHIMP) Act and the Endangered Species Act. Under the CHIMP Act, which passed in 2007, chimpanzees that are retired from biomedical research are prohibited from being returned to laboratories or used for experimentation.

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Wishful thinking. They don’t even protest a jab for their kids.

Revolt of the Essential Workers (Tab)

Back before the COVID-19 pandemic started, the year 2019 saw anti-government demonstrations in Paris, Manila, La Paz, Port-au-Prince, Bogotá, Prague, Quito , Beirut, Hong Kong, London, Baghdad, Barcelona, Budapest, Santiago, New Delhi, Jakarta, Buenos Aires and more, earning the title “the year of the protest.” It was also a year of resurgent labor activity in the United States. After decades of declining union participation, the country saw 25 major work stoppages involving 425,500 workers, the highest number since 2001.

The economic discontent that propelled both Donald Trump and Bernie Sanders to popularity had been building for many years. As a recent article in the journal American Affairs noted, $34 trillion of real equity wealth, in 2017 dollars, was created between 1989 and 2017. Nearly half that sum (44%) consisted of a reallocation of corporate equity to shareholders at the expense of worker compensation, while economic growth accounted for just 25% of that increase in wealth. In other words, despite the advent of seemingly near-miraculous, time- and space-saving digital technologies, the post-Cold War “economic boom” consisted mainly of America’s wealthy shareholders taking money from its increasingly insecure workforce.

America, and other Western societies, had moved from a model of real growth and expanding benefits for all to a model where the rich got richer by impoverishing the less wealthy orders of society—and the lower orders were fighting back. However, after lockdowns were imposed in March 2020, the balance of power abruptly shifted back toward billionaire oligarchs and large corporations. Tech-based U.S. monopolies widened their profit margins as workers and their children were confined to their homes and the Fed pumped money into Wall Street. As the Fed provided unlimited purchases of corporate debt and securities, millions of people filed for unemployment, nearly 1 in 4 households experienced food insecurity, and 200,000 small businesses closed. The result was an estimated loss of $1.3 trillion in household wealth for American workers. Meanwhile, U.S. billionaires gained $1 trillion.

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Have nothing and be happy.

Biden’s Nominee Omarova Wants to Move All Bank Deposits to the Fed (Martens)

This month, the Vanderbilt Law Review published a 69-page paper by Saule Omarova, President Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), the Federal regulator of the largest banks in the country that operate across state lines. The paper is titled “The People’s Ledger: How to Democratize Money and Finance the Economy.” The paper, in all seriousness, proposes the following: (1) Moving all commercial bank deposits from commercial banks to so-called FedAccounts at the Federal Reserve; (2) Allowing the Fed, in “extreme and rare circumstances, when the Fed is unable to control inflation by raising interest rates,” to confiscate deposits from these FedAccounts in order to tighten monetary policy;

(3) Allowing the most Wall Street-conflicted regional Fed bank in the country, the New York Fed, when there are “rises in market value at rates suggestive of a bubble trend,” such as with technology stocks today, to “short these securities, thereby putting downward pressure on their prices”; (4) Eliminate the Federal Deposit Insurance Corporation (FDIC) that insures bank deposits; (5) Consolidate all bank regulatory functions at the OCC – which Omarova has been nominated to head. Republican Senator Pat Toomey has been running a Red Scare campaign against Omarova, who was born in the Kazakh Soviet Socialist Republic (now Kazakhstan) and attended Moscow State University on a Lenin Personal Academic Scholarship.

The real threat that Omarova poses to U.S. financial stability, that Democrats should be calling out, is that she wants to further concentrate all major aspects of the U.S. banking system in the hands of the Federal Reserve, a captured regulator whose 12 regional bank tentacles are, literally, owned by the banks. Omarova offers not one scintilla of a suggestion about restructuring the Fed so that it is not owned by or controlled by the banks. In her paper, Omarova characterizes the current relationship between the Fed and the banks as the Fed running a “franchisor ledger” to assist its franchisee-banks.

But as the Fed’s secret $29 trillion bailout of the mega banks on Wall Street and their foreign derivative counterparties proved following the financial crash in 2008, it’s actually the banks that are cracking the whip and the Fed amicably doing their bidding. That means that the mega banks are the franchisor and they’ve shifted their faux bank examinations and faux stress tests to the Fed, for appearances sake. This point is further demonstrated by the fact that during the Fed’s 2007-2010 bailouts, most of the Fed’s emergency lending programs were farmed out in no-bid contracts to the very banks being bailed out. JPMorgan Chase, a five-count felon, continues to have a contract with the Fed to serve as custodian of more than $2 trillion of the Fed’s agency Mortgage-Backed Securities (MBS).

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“..four times larger than China’s GDP.”

China Cannot Offset Its Property Bubble Easily (Lacalle)

No economy has been able to ignore a property bubble and, even less so, offset it and continue to grow, replacing the bust of the real estate sector with other parts of the economy. Heavily regulated economies from Iceland to Spain have failed to contain the negative impact of a real estate sector collapse. It will not be different in China. China has three real estate problems: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors. According to China researcher George Magnus, writing in The Guardian, “China’s real estate market has been called the most important sector in the world economy. Valued at about $55tn, it is now twice the size of its U.S. equivalent, and four times larger than China’s GDP.”

Considering construction and other real estate services, the sector accounts for more than 25 percent of China’s GDP. Just to consider other previous examples of property bubbles, the average size of the sector was somewhere between 15 and 20 percent of a country’s GDP. And none of those economies managed the excess of the property sector. Of course, the problem of a real estate bubble is always excessive leverage. Developers take on too much debt, and the smallest decrease in housing prices makes their equity vanish and their solvency ratios collapse. In the case of China, the level of debt is simply staggering. According to the Financial Times, the ratio of net debt of 19 of the largest Chinese developers stands at over 60 percent to equity. Evergrande is not even the most indebted.

Two developers stand at more than 120 percent net gearing. The top 10 most indebted Chinese developers amply surpass the level of debt-to-assets that made Spain’s Martinsa-Fadesa collapse. Chinese and foreign retail investors are also heavily exposed to the real estate and construction market. Evergrande was the biggest issuer of commercial paper, and developers’ debt was sold to small investors in different packages. Furthermore, Chinese families have around 78 percent of their wealth tied up in property, more than double the United States, according to a 2018 report by Chengdu’s Southwestern University of Finance and Economics and China Guangfa Bank.

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Bully. All your base are belong to us.

EU Fines Poland €1 Million Per Day Over Judicial Reforms (DW)

The European Court of Justice (ECJ) ordered Poland to pay a fine of €1 million ($1.2 million) per day on Wednesday over its decision to ignore an EU ruling on Warsaw’s judicial reforms. The top EU court imposed the penalty as Poland has not suspended the disciplinary chamber of the Supreme Court. The ECJ had ruled in July that the chamber did not guarantee impartiality. The ECJ said in a press release the fine was “necessary in order to avoid serious and irreparable harm to the legal order of the European Union and to the values on which that Union is founded, in particular that of the rule of law.” The European Commission had requested “financial penalties” be levied on September 9 after Poland failed to comply with the July ruling. On Twitter, Poland’s Deputy Justice Minister Sebastian Kaleta called the fine “usurpation and blackmail.”


The disciplinary chamber was set up in 2018 and is able to dismiss judges and prosecutors. The ECJ fears this could be abused to inflict punitive sanctions on those who show independence in not bowing to political will. Earlier this month, Poland’s constitutional court ruled Polish law supersedes EU law when there is a conflict between the two. Last week, Polish Prime Minister Mateusz Morawiecki told the European Parliament the disciplinary chamber will be abolished, but he gave no timeline for when that would occur and no draft law has been introduced. Poland has been accused of backsliding when it comes to the independence of the judiciary and press freedom by other EU member states. The EU asserts Poland has politicized the judiciary with the placement of judges loyal to the ruling Law and Justice Party.

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“We’re excited to start giving it to them so we can find out.”

Pfizer Vaccine To Lower Child Deaths From Almost Zero To Almost Zero (BBee)

In a moment celebrated by all hard-working lobbyists, Pfizer announced that the COVID-19 vaccine will reduce average daily child COVID deaths from almost zero all the way down to almost zero. “These are phenomenal results. Our internal studies have proven a microscopic benefit to an even more microscopic risk to children,” stated Dee Pimbly, head of Pfizer’s Department of Propaganda to a crowd of journalists who have not allowed their own children to bask in the warm glow of sunlight, or interact with other children for almost no reason whatsoever.


FDA officials praised Pfizer for fighting a virus that is the leading killer of children after cancer, vehicular accidents, suicide, heart disease, drowning, suffocation, the flu, meteors from space, and slipping on a banana peel. Experts say the vaccine will probably kill more kids than it saves, but it’s ok because science. When asked about any safety concerns, an FDA official replied, “We’re excited to start giving it to them so we can find out.”

Read more …

 

 

 

 

 

 

 

 

 

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Feb 122021
 


Ansel Adams The Tetons and the Snake River 1942

 

Cuomo Aide Admits They Hid Nursing Home Data From Feds (NYP)
Kent Covid Variant Mutation Must Be Taken Seriously, Warns UK Scientist (G.)
‘Denier’ Is The Dirty Word Of The Pandemic (Furedi)
Biden Administration Says No Domestic Travel Restrictions Planned (F.)
Twitter Permanently Suspends ‘Project Veritas’ Group (Hill)
Instagram Removes Robert F. Kennedy Jr. Account With 800,000+ Subscribers (RT)
Reckless Rhetoric Is A Reckless Standard For An Impeachment Trial (Turley)
G7 Seen Backing Issuance Of New IMF SDRs (R.)
Markets Are Giddy About Reopening – And That’s The Problem (Pol.)
The Only Way Out of the Death Trap (Rickards)
Why Victoria Nuland Is Dangerous and Should Not Be Confirmed (Antiwar)
Database Of All Ivermectin COVID-19 Studies (C19I)

 

 

A new insight:

 

 

Myopia.

 

 

Remember the hospital ships Trump set to New York? Cuomo didn’t use them. Because it was Trump.

“Cuomo sent 9000 infected patients into nursing homes instead of the USNS Comfort.”

While he be indicted, along with his helpers? I wouldn’t count on it.

Cuomo Aide Admits They Hid Nursing Home Data From Feds (NYP)

Governor Cuomo’s top aide privately apologized to Democratic lawmakers for withholding the state’s nursing-home death toll from COVID-19 — telling them “we froze” out of fear the true numbers would “be used against us” by federal prosecutors, The Post has learned. The stunning admission of a cover-up was made by Secretary to the Governor Melissa DeRosa during a video conference call with state Democratic leaders in which she said the Cuomo administration had rebuffed a legislative request for the tally in August because “right around the same time, [then-President Donald Trump] turns this into a giant political football,” according to an audio recording of the two-hour-plus meeting.

“He starts tweeting that we killed everyone in nursing homes,” DeRosa said. “He starts going after [New Jersey Gov. Phil] Murphy, starts going after [California Gov. Gavin] Newsom, starts going after [Michigan Gov.] Gretchen Whitmer.” In addition to attacking Cuomo’s fellow Democratic governors, DeRosa said, Trump “directs the Department of Justice to do an investigation into us.” “And basically, we froze,” she told the lawmakers on the call. “Because then we were in a position where we weren’t sure if what we were going to give to the Department of Justice, or what we give to you guys, what we start saying, was going to be used against us while we weren’t sure if there was going to be an investigation.” DeRosa added: “That played a very large role into this.”

After dropping the bombshell, DeRosa asked for “a little bit of appreciation of the context” and offered what appears to be the Cuomo administration’s first apology for its handling of nursing homes amid the pandemic. But instead of a mea culpa to the grieving family members of more than 13,000 dead seniors or the critics who say the Health Department spread COVID-19 in the care facilities with a March 25 state Health Department directive that nursing homes admit infected patients, DeRosa tried to make amends with the fellow Democrats for the political inconvenience it caused them. “So we do apologize,” she said. “I do understand the position that you were put in. I know that it is not fair. It was not our intention to put you in that political position with the Republicans.”

Assembly Health Committee Chairman Richard Gottfried (D-Manhattan) immediately rejected DeRosa’s expression of remorse, according to the recording. “I don’t have enough time today to explain all the reasons why I don’t give that any credit at all,” said Gottfried, one of the lawmakers who demanded the death-toll data in August. State Senate Aging Committee Chairwoman Rachel May (D-Syracuse) — who was battered during her re-election bid last year over the issue of nursing-home deaths — also ripped into DeRosa, saying her former opponent had launched another broadside earlier in the day. “And the issue for me, the biggest issue of all is feeling like I needed to defend — or at least not attack — an administration that was appearing to be covering something up,” she said.

Read more …

So start sending out the vitamin D. And boost your ivermectin supplies.

Kent Covid Variant Mutation Must Be Taken Seriously, Warns UK Scientist (G.)

The Kent variant of the coronavirus with a key mutation that enables the South African variant to escape some of the vaccines used against it must be taken very seriously in the UK, according to a leading microbiologist. Prof Ravi Gupta of the Cambridge Institute for Therapeutic Immunology and Infectious Diseases, who is a member of the government’s scientific advisory body Nervtag, warned that the mutated variant, at the moment causing just 21 known cases, should be treated with as much concern as the South African variant. The Kent variant B117, which spreads twice as fast as the original coronavirus, is now dominant in the UK and is present in many countries around the world.

But Public Health England has identified 21 cases of B117 that also have the E484K mutation: 14 in the Bristol region, four in Greater Manchester and three elsewhere. E484K is the change to the spike protein in South Africa that scientists believe is chiefly responsible for vaccines triggering a lower antibody response to infection. Nervtag (new and emerging respiratory virus threats advisory group), which is part of the UK Sage committee of scientists, has designated this a “variant of concern”. This key mutation that had now arisen in the UK has been shown to reduce the efficacy of antibodies in many lab studies, said Gupta. So treating it as we would the South African variant itself is sensible, he said.

“Given that we think this one is responsible for a large knock-off of the effects of vaccine efficacy or even immunity, then, I think it’s wise,” he said. E484K is also found in the Brazilian variant, which it is thought may be infecting people who should be immune because they had previously become ill with the original coronavirus – although the evidence is still anecdotal. “Given all these factors, I think it should be taken very seriously,” he said.

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“The targeting of denial has little to do with the distinct features of any specific issues. It is driven by a mood of intolerance towards those who are sceptical of the received wisdom.”

‘Denier’ Is The Dirty Word Of The Pandemic (Furedi)

Legitimate views about the effectiveness of lockdown are being silenced with accusations of Covid ‘denial’. The misuse of this powerful and emotive word, often associated with the Holocaust, is morally wrong and needs to stop. These days, if you want to shut down critical or dissident views, all you need to do is shout ‘denier’. This morally charged scare word is often hurled at anyone who questions the efficacy of the current lockdown or any of the policies associated with it. Consequently, the term denial is used to delegitimise the view of someone who is sceptical about the lockdown. For some time now, scepticism – an attitude associated with a questioning mind – has been targeted by would-be censors and treated as a marker for insidious behaviour. ‘How climate scepticism turned into something more dangerous’ warns an academic in the Guardian.

The rhetorical strategy of attributing malevolent intent to scepticism is demonstrated by the decision of the Guardian to update its style guide by changing the usage of the term ‘climate sceptic’ to that of ‘climate denier’. With its long-established religious connotation as an expression of heresy, denial communicates an act of mortal sin. This quasi-religious meaning is still conveyed by 21st century moral entrepreneurs. “I have seen Covid denial up close – it was a chilling experience,” writes a commentator. In recent times, the term denial has mutated from its religious connotations to become an all-purpose secular sin. It has emerged as a turbo-charged moral crime because of its association with the Holocaust. [..] This self-conscious exploitation of the Holocaust was illustrated by a journalist for the online magazine Grist, who wanted to see global warming deniers prosecuted like Nazi war criminals.

With the tone of vitriol characteristic of dogmatic inquisitors, he noted that “we should have war crimes trials for these bastards,” adding “some sort of climate Nuremberg.” During the pandemic, the rhetoric of denial has been frequently used to associate people who are sceptical of government policy with the sins of other types of denials. As one commentator explained: “Denial is pernicious and can have dire impacts. Climate change denial leads to lack of action that would preserve a healthy planet. Mask denial leads to increased spread of and mortality from the Covid virus. Denial of sexual abuse leads to horrific instances where an abuser is allowed to persist in their malfeasance for years because those responsible for the institutions in which they operated – schools, churches, companies, scouts, etc) refused to face the terrible reality that existed under their own roofs.”

From this perspective, denial itself, without regard to any specific object is pernicious. The targeting of denial has little to do with the distinct features of any specific issues. It is driven by a mood of intolerance towards those who are sceptical of the received wisdom. The alarmist tone used to rebrand anyone sceptical of a lockdown policy as a denier makes it difficult for many people to openly voice their reservations on the predicament they face. A lockdown sceptic is not simply treated as someone with a different point of view but as a threat to the community. They are also condemned for having blood on their hands. They have “deadly beliefs” which constitute a threat to the survival of a community.

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Florida just made the whole thing up?!

Biden Administration Says No Domestic Travel Restrictions Planned (F.)

The Biden administration has denied reports that it’s actively considering domestic travel restrictions to slow the spread of new coronavirus variants, telling Reuters Thursday that “no specific decisions are under consideration” after Florida Republicans slammed the suggestion that the White House could restrict travel to the state. An anonymous Biden source told the Miami Herald Wednesday the administration was actively discussing “potential travel restrictions within the United States” as a way to curb emerging coronavirus variants, as the more transmissible variant first detected in the United Kingdom is expected to become the U.S.’s primary strain by March.

Though the official said no particular states were so far being targeted by the potential restrictions and no final decisions had yet been made, the variants are especially prevalent in Florida and California, and the official said “all options are on the table.” Republicans heavily opposed the travel restrictions: in a letter to President Joe Biden quoted by the Herald, Sen. Marco Rubio (R-Fla.) said the move would be “an outrageous, authoritarian move that has no basis in law or science.” Florida Gov. Ron DeSantis slammed the possibility of restrictions at a press conference Thursday, saying it “would purely be a political attack against the people of Florida” and “it’s unclear why they would even try talking about that.”

A White House spokesperson denied the report to Reuters Thursday, saying that while the administration is “continuing to discuss” potential travel recommendations, “To be clear, there have been no decisions made around additional public health measures for domestic travel safety.” White House Press Secretary Jen Psaki said at a briefing Thursday that while the administration is “always considering what steps are necessary” for public health, “no decisions have been made” regarding any measures that could affect domestic travel considerations.

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Twitter will go.

Twitter Permanently Suspends ‘Project Veritas’ Group (Hill)

Twitter permanently suspended an account belonging to Project Veritas on Thursday, citing repeat violations of the site’s policies against publishing private information. A Twitter spokesperson confirmed to The Hill that the main Project Veritas account was permanently suspended, while founder James O’Keefe had his account temporarily locked. Several recent tweets on O’Keefe’s timeline appeared to have been deleted by Thursday afternoon. [..] Founded in 2010, Project Veritas is a right-wing group that routinely published undercover sting videos, some of which have been accused of deceptive editing. Last October the group was criticized after claiming to have uncovered a witness to voter fraud in Minnesota only for the witness to backtrack on his claims days later and accuse Project Veritas operatives of trying to bribe him, according to multiple reports.

The group, which frequently targets Democratic politicians and media organizations, scored a victory last year when an ABC News correspondent was suspended after a Veritas video showed him claiming that the network does not care about newsworthy issues. They have also published videos of a “Good Morning America” anchor complaining about the network ignoring her story on disgraced financier Jeffrey Epstein. O’Keefe, in an emailed statement, told The Hill that the content in question was a video of Project Veritas members questioning a Facebook executive, Guy Rosen.

“Late last night, Twitter locked Project Veritas’s and my Twitter accounts, claiming we violated Twitter Guidelines by posting a video of our journalists asking questions of Facebook’s Vice President Guy Rosen which Rosen refused to answer. Twitter claimed the video published private information, which is false. Twitter invited Project Veritas to, and we did, appeal that decision with Twitter. In an apparent act of retaliation for daring to question their authority, Twitter responded to our appeal by suspending our account, continuing to tell us that Project Veritas could delete the tweet and have our account reinstated,” said O’Keefe. “This is nothing new from Twitter – just last fall Twitter CEO Jack Dorsey admitted in Congress his company’s decision to block the New York Post was erroneous while still demanding the Post kneel before them by deleting the tweet,” he continued, adding: “Here we go again – Twitter opting to delete news and demand fealty when their decision is dared to be questioned.”

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This is worse than thought police. Cut them down to size.

Instagram Removes Robert F. Kennedy Jr. Account With 800,000+ Subscribers (RT)

Facebook has taken down the Instagram page of former president John F. Kennedy’s nephew – a prominent vaccine critic with 800,000 subscribers. The tech giant has recently stepped up its offensive on what it deems Covid-19 disinfo Kennedy’s Instagram account with its massive following was erased on Wednesday. “We removed this account for repeatedly sharing debunked claims about the coronavirus or vaccines,” Facebook said, confirming the deletion of his hugely popular page. The account was yanked shortly after the Washington Post reported that it had alerted the Facebook-owned social network to Kennedy’s post with the viral clip from “Planet Lockdown.” The video is an interview starring Kennedy’s ally, Catherine Austin Fitts, who served as assistant secretary of housing in the George H.W. Bush administration.


In the clip, which has since been scrapped from YouTube, Facebook, and other established social media, Fitts reportedly argues that the vaccination drive against Covid-19 is a sinister plot masterminded by a global cabal, and that vaccines can change people’s DNA or render them infertile. Kennedy, who was known to be a vocal vaccine skeptic long before the pandemic, reposted the video on December 29. It had reportedly racked up some 900,000 views before it was taken down. He also boasts a sizable 214,000-strong following on Twitter, however his handle there appears to be intact. Kennedy Jr. has drawn stark criticism for his anti-vaccine stance from the mainstream media, with CNN’s Jake Tapper labeling him a “menace” for calling Dr. Anthony Fauci a “very sinister guy who has turned” America over to “Big Pharma.”

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Reckless rhetoric reflects our age of rage.

Reckless Rhetoric Is A Reckless Standard For An Impeachment Trial (Turley)

The Trump team is likely to play back similar language used by Democrats in both houses to “fight” for the country and to “retake” Congress. During Trump’s 2017 inauguration, Democrats denounced his legitimacy as riots broke out in Washington involving violent groups. Rep. Maxine Waters (D-Calif.) later called on people to confront Republicans in public; Rep. Ayanna Pressley (D-Mass.) insisted during 2020’s violent protests that “there needs to be unrest in the streets.” Then-Sen. Kamala Harris (D-Calif.) said “protesters should not let up” even as many protests turned violent or deadly. House Speaker Nancy Pelosi (D-Calif.) has condemned fellow members as effectively traitors and the “enemy within.” She was criticized last year for stating, in the midst of violent protests, that “I just don’t know why there aren’t uprisings all over the country. Maybe there will be.”

All of these Democrats insist they meant peaceful acts — and I believe them. But that is the point: Rioters sought to burn federal buildings or occupy state capitals and, in some cases, seized police stations, sections of cities, even a city hall. Democrats’ words did not cause that violence on the left. Yet, this impeachment trial invites the same or similar words to be interpreted subjectively, based on whether you believe or approve of the speaker. Reckless rhetoric reflects our age of rage. Senate Majority Leader Chuck Schumer (D-N.Y.) stood in front of the Supreme Court and, citing two justices by name, declared menacingly: “Hey, Gorsuch. Hey, Kavanaugh — you’ve unleashed a whirlwind. And you’re going to pay the price.” Rep. Cori Bush (D-Mo.) seemed to defend the recent violent takeover of a St. Louis prison by tweeting the words of Martin Luther King that “a riot is the language of the unheard.”

Nor is this limited to Washington: Michigan Gov. Gretchen Whitmer (D) defended state Rep. Cynthia Johnson (D) who called for “soldiers” to “make [Trump supporters] pay” for criticizing and harassing her. Fired FBI director James Comey has been given to reckless rhetoric, too. He recently said: “The Republican Party needs to be burned down … It’s just not a healthy political organization.” Likewise, Washington Post columnist Jennifer Rubin declared that “We have to collectively, in essence, burn down the Republican Party. We have to level them because if there are survivors, if there are people who weather this storm, they will do it again.” Since the Republican National Committee was targeted with a pipe bomb on Jan. 6, would that constitute incitement to arson or violence?

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The final step towards oblivion.

G7 Seen Backing Issuance Of New IMF SDRs (R.)

Group of Seven finance ministers are likely to back a new allocation of the International Monetary Fund’s own currency, or special drawing rights, at an online meeting on Friday to help low-income countries, sources said. A new issuance is similar to when a central bank prints money as the new SDRs give each IMF member more reserves to draw on in proportion to their shareholding in the Fund. Officials from the United States, the IMF’s biggest shareholder, have signalled they are open to a new issuance of $500 billion, sources said – a clear shift in position under the administration of new U.S. President Joe Biden. “We expect Friday’s G7 meeting to take decisions on important initiatives, and for France that is the question of a new allocation of IMF special drawing rights,” a French finance ministry source said.


A consensus among the G7 rich nations would pave the way for a broader agreement among G20 countries next month, which could in turn set the stage for a formal decision at the IMF’s annual spring meeting in April. Two sources familiar with the matter said U.S. Treasury Secretary Janet Yellen had not clearly stated her views on the matter. A third source said Republicans in the U.S. Congress would “have a field day” with the potential boost in funding for China, Iran and Venezuela. Proponents said it would be difficult for countries facing U.S. sanctions to access the cash, however, as they would have to use banks wary of running afoul of Washington. Senior Democratic U.S. senators who back an even larger allocation of 2 trillion SDRs are lobbying U.S. Treasury officials personally to move forward, including through direct calls, a Senate aide said.

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Until the Fed withdraws, there are no markets.

Markets Are Giddy About Reopening – And That’s The Problem (Pol.)

Gas prices are climbing. Home prices are surging. Stock markets keep hitting fresh records as chatroom-driven mania draws in giddy investors. The economy and financial markets appear to be pricing themselves for perfection, betting on rapid vaccinations and a surge of consumer spending later this year that will pull the nation out of its pandemic funk. Serious risks are still lurking just below the surface: Vaccinations could take far longer than expected. New Covid strains could evade vaccines and spur new lockdowns. All of this could trigger falls in stock prices and other assets and stomp on job creation.

But if the dream scenario does arrive, another risk is lurking: A burst of new spending and economic growth coupled with the massive amount of fiscal stimulus in the system — possibly including nearly $2 trillion more under the White House’s latest plan — could lead to a sharp spike in inflation. That would send stocks tumbling and could force the U.S. Federal Reserve to contemplate raising interest rates to cool the economy. The Goldilocks scenario Wall Street and the White House are hoping for includes a successful vaccination effort and enough federal support to keep millions of suffering Americans afloat until then, followed by an economy that runs neither too hot nor too cold. But there is no guarantee Goldilocks will arrive.

“The Biden plan coming on top of last year’s stimulus, the budding increase in union power, the rising risk of import inflation coupled with a ballooning trade deficit, and other data suggest to me that inflation will jump,” said Richard Bernstein of financial firm RBAdvisors. And it could be that all the easy money from the Fed has created dangerous bubbles that could pop, Bernstein warned. “The Fed is providing tons of liquidity, but because banks have been hesitant to lend, the liquidity is trapped in the financial economy and bubbles are forming. Whether it’s Bitcoin, SPACs, Robinhood day traders, or anything similar, it’s clearly not healthy capital formation.”

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“The Fed can call a board meeting, vote on a new policy, walk outside and announce to the world that effective immediately, the price of gold is $5,000 per ounce.”

The Only Way Out of the Death Trap (Rickards)

Economists Ken Rogoff and Carmen Reinhart carried out a long historical survey going back 800 years, looking at individual countries, or empires in some cases, that have gone broke or defaulted on their debt. They put the danger zone at a debt-to-GDP ratio of 90%. Once it reaches 90%, debt becomes a drag on growth. Meanwhile, we’re looking at deficits of $1 trillion or more, long after the pandemic subsides. In basic terms, the United States is going broke. We’re heading for a sovereign debt crisis. I don’t say that for effect. I’m not looking to scare people or to make a splash. That’s just an honest assessment based on the numbers. Tax cuts won’t bring us out of it, neither can structural changes to the economy. Both would help if done properly, but the problem is simply far too large.

So, an economic time bomb is ticking. Velocity is dropping. Debt is growing while growth is slowing. The explosion will come in the form of asset bubbles bursting and stocks crashing. There’s no way out of the debt death trap. Or is there? There is actually a way out. It’s the only solution left, really. And that’s inflation. Deflation increases the real value of debt. With deflation, the value of money increases, making it more burdensome to pay off debt. This is why debtors hate deflation. And guess who is the world’s largest debtor nation? That’s right, the U.S. On the other hand, inflation decreases the real value of debt. It’s easier to pay down debt because you’re paying back debt with dollars that are less valuable than when you originally borrowed them. But the Fed has failed to produce inflation for over a decade now, despite all the trillions of dollars it’s fabricated.

Then how can the government and the Fed produce inflation now? The solution is to increase the price of gold in order to change inflationary expectations. That will increase money velocity and get the growth engine running again. The Fed could actually cause inflation in about 15 minutes if it used this method. FDR did this to perfection in 1933, and his actions began to dig us out of the Great Depression. Jerome Powell, Biden and his Treasury Secretary Janet Yellen could do it again if they wanted to (assuming they know how, which is probably too much to assume). But how could they increase the gold price to increase money velocity and change inflation expectations? I’ve written about it before, but it bears revisiting, especially since there are newer readers who may be unfamiliar with it. Here’s how they can do it:

The Fed can call a board meeting, vote on a new policy, walk outside and announce to the world that effective immediately, the price of gold is $5,000 per ounce. They could make that new price stick by using the Treasury’s gold in Fort Knox and the major U.S. bank gold dealers to conduct “open market operations” in gold. The Fed will be a buyer if the price hits $4,950 per ounce or less and a seller if the price hits $5,050 per ounce or higher. They will print money when they buy and reduce the money supply when they sell via the banks. The Fed would target the gold price rather than interest rates. The point is to cause a generalized increase in the price level. A rise in the price of gold from $1,900 per ounce to $5,000 per ounce is a massive devaluation of the dollar when measured in the quantity of gold that one dollar can buy.

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She was involved in everything from 2000 on. So much suffering.

Why Victoria Nuland Is Dangerous and Should Not Be Confirmed (Antiwar)

Victoria Nuland exemplifies the neocons who have led US foreign policy from one disaster to another for the past 30 years while evading accountability. It is a bad sign that President Joe Biden has nominated Victoria Nuland for the third highest position at the State Department, Under Secretary for Political Affairs. As a top-level appointee, Victoria Nuland must be confirmed by the US Senate. There is a campaign to Stop her confirmation. The following review of her work shows why Victoria Nuland is incompetent, highly dangerous and should not be confirmed.

Afghanistan and Iraq: From 2000 to 2003, Nuland was US permanent representative to NATO as the Bush administration attacked then invaded Afghanistan. The Afghan government offered to work with the US remove Al Qaeda, but this was rejected. After Al Qaeda was defeated, the US could have left Afghanistan but instead stayed, established semi-permanent bases, split the country, and is still fighting there two decades later. From 2003 to 2005 Nuland was principal foreign policy advisor to Vice President Dick Cheney who “helped plan and manage the war that toppled Saddam Hussein, including making Bush administration’s case for preemptive military actions based on Iraq’s alleged weapons of mass destruction.” The foreign policy establishment, with Nuland on the far right, believed that removing Saddam Hussein and installing a US “ally” would be simple. The invasion and continuing occupation have resulted in over a million dead Iraqis, many thousands of dead Americans, hundreds of thousands with Post Traumatic Stress Disorder at a cost of 2 to 6 TRILLION dollars.

[..] Victoria Nuland has promoted a foreign policy of intervention through coups, proxy wars, aggression, and ongoing occupations. The policy has been implemented with bloody and disastrous results in Afghanistan, Iraq, Libya, Syria, and Ukraine. With consummate hypocrisy she accuses Russia of spreading misinformation in the US, while she openly seeks to put “stress on Putin where he is vulnerable, including among his own citizens.” She wants to “establish permanent bases along NATO’s eastern border and increase the pace and visibility of joint training exercises.”

Victoria Nuland is the queen of chicken hawks, the Lady Macbeth of perpetual war. There are hundreds of thousands of victims from the policies she has promoted. Yet she has not received a scratch. On the contrary, Victoria Nuland probably has profited from a stock portfolio filled with military contractors.Now Victoria Nuland wants to provoke, threaten and “rollback” Russia. A quick look at a map of US military bases shows who is threatening whom. Victoria Nuland is highly dangerous and should not be confirmed.

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Dig in!

Database Of All Ivermectin COVID-19 Studies (C19I)

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Jan 122020
 


Dorothea Lange Crossroads grocery store and filling station, Yakima, Washington, Sumac Park 1939

 

China Wants To Save Iran Nuclear Deal As It Leaves Their Oil Market Behind (F.)
Instagram Says It’s Removing Posts Supporting Soleimani (CNN)
Trump Administration Warns Iraq Could Lose New York Fed Account (CNBC)
Ukraine Tells Israel To Stay Out Of Debate About Nazi Collaborators (JTA)
Obama Campaign Guru: Trump Would Love To Run Against Bernie (Pol.)
Bernie Sanders Rips Biden Revisionist History On Iraq War Support (WE)
Revolving Door Shills On TV Need An ‘Outing’ (AC)
Australia’s Fires Pump Out More Emissions Than 100 Nations Combined (MIT)
Greta Thunberg Tells World Leaders To End Fossil Fuel ‘Madness’ (G.)
Anti-Terror Police Target School Climate Strikers (G.)
‘Like Sending Bees To War’: The Deadly Truth Behind Your Almond-Milk (G.)

 

 

No discussion of the Iran situation is worth a grain of salt if it doesn’t include Putin. He called for a conference on Lybia yesterday; Iran is (one of the) next. But yeah, of course China wants to add its two bits as well.

China Wants To Save Iran Nuclear Deal As It Leaves Their Oil Market Behind (F.)

China’s top foreign policy officials scolded President Trump’s January 3 hit on Iranian general Kassam Soleimani over the weekend, vowing to do what they could to keep nuclear weapons out of Iran’s hands. Geng Shuang, a spokesman for China’s foreign ministry, told the local press on Monday that Iran was basically “forced” to end its commitment to the Joint Comprehensive Plan of Action after the death of Soleimani by drone strike outside of a Baghdad airport last week. Geng said that by doing so, however, they would be in violation of their non-proliferation obligations. The South China Morning Post reported Geng saying that, “China will continue to maintain close communication and coordination with all related parties, and will take relentless efforts” to save the nuclear deal and avoid greater conflict in the Gulf.

The Iran nuclear deal was signed under then-president Barack Obama in the summer of 2015. But the deal has had its critics ever since, with some saying the U.S. was basically bribing Iran not to enrich uranium for nuclear weaponry. Iran has been fighting a proxy war with the United States and its allies since the fall of the Washington-backed Shah of Iran. Soleimani was a lead soldier in that fight, and has since climbed the ranks to lead the elite Quds Force. He was blamed by Washington for leading a militia attack on the U.S. Embassy in Baghdad on December 31. Brent crude oil prices rose to $70 in intraday trading on Monday morning, but have since fallen below $70. Texas crude is still pricing in the low $60s, up half a percent following a rash of pro-Iran militia attacks against U.S. facilities this weekend.

China’s Foreign Minister Wang Yi reportedly held telephone conversations on Saturday with the foreign ministers of Iran, Russia and France, reiterating that China would not back U.S. military strikes on Iran. China, France and Russia are permanent members of the United Nations Security Council. That body has a weapons ban on Iran in place since 2010, set to expire in October of this year. “China will continue to uphold an objective and just position,” Wang said, adding that China will help safeguard “peace and security in the (Persian) Gulf.” On Friday, China’s top diplomat, Yang Jiechi, spoke with Secretary of State Mike Pompeo and urged the U.S. not to start a regional war in the Middle East.

Last week, Russia’s Vedomosti business daily sourced an unnamed diplomat who surmised that Iran would retaliate by blocking free shipping through the Strait of Hormuz. The U.S. Energy Information Administration estimates that roughly 35% of all seaborne traded oil, or almost 20% of oil traded worldwide, goes through that Strait. The Strait curves through the coasts of Oman and Iran and is a key transit route for Saudi Arabian oil into China. China’s imports of Saudi oil have hit a record high of late due to sanctions on Iran and dwindling resources in Venezuela, making that body of water very important to Chinese oil supply. China imported 8.21 million tons of crude oil from Saudi Arabia in November, pushing the total volume for 11 months to a record 76.33 million tons. That’s up 53% from the same period in 2018, based on numbers crunched by Caixin Global..

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Don’t worry, the thought police has your back.

Instagram Says It’s Removing Posts Supporting Soleimani (CNN)

Instagram and its parent company Facebook are removing posts that voice support for slain Iranian commander Qassem Soleimani to comply with US sanctions, a Facebook spokesperson said in a statement to CNN Business Friday. The Iranian government has called for nationwide legal action against Instagram in protest, even creating a portal on a government website for the app’s users to submit examples of posts the company removed, Iranian state media reported. Instagram is one of the few western social media platforms that is not blocked in Iran. Facebook and Twitter are blocked but some Iranians access those sites using VPNs.


In a tweet, Iran’s government spokesperson, Ali Rabiei, called Instagram’s actions “undemocratic.” Instagram shut down Soleimani’s own account on the platform last April after the US government designated the Islamic Revolutionary Guard Corps (IRGC) a foreign terrorist organization. Soleimani was an IRGC commander. “We operate under US sanctions laws, including those related to the US government’s designation of the IRGC and its leadership,” a Facebook spokesperson said in a statement. Iranian soccer player Alireza Jahanbakhsh, who has a verified Instagram account, posted a photo of Soleimani after his death. Jahanbakhsh said Instagram had removed that post.

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Would almost like to see them try, but don’t think they will. Too many risks. Can’t just wave around the petrodollar; it’s not made of steel; we know because it’s getting rusty.

Trump Administration Warns Iraq Could Lose New York Fed Account (CNBC)

The Trump administration this week warned Iraq that it could lose access to its central bank account at the Federal Reserve Bank of New York if Baghdad expels American troops from the region, Iraqi officials told The Wall Street Journal. The State Department’s warning follows the U.S. airstrike that killed Maj. Gen. Qasem Soleimani, Iran’s top military commander and the face of the Islamic Republic’s interventions across the Middle East. The strike led to Iraq’s parliament voting to force out American troops — a move some officials argued would hurt Iraq — and a counterstrike by Iran on two bases housing U.S. troops in Iraq last week. Shutting down Iraq’s account at the Federal Reserve Bank of New York could be detrimental to its financial system.


The country puts its revenue from oil sales there, and takes out that money to pay government salaries and contracts. The Fed held almost $3 billion in overnight deposits at the close of 2018, according to the most recent financial statement from the Central Bank of Iraq. President Trump threatened to place economic sanctions on Iraq after parliament voted to request that Prime Minister Adel Abdul-Mahdi oust about 5,300 American troops. Those sanctions would also extend to Iran. The White House could also end waivers that allow Iraq to buy Iranian gas to fuel generators that supply a large portion of the country’s power, placing another pressure on the prime minister over addressing U.S. troops without enduring economic and financial loss. Mahdi has argued that forcing out American troops is the only way to avoid conflict in Iraq.

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Brought to you courtesy of John McCain and Victoria Nuland. This is America.

Ukraine Tells Israel To Stay Out Of Debate About Nazi Collaborators (JTA)

Ukraine’s ambassador to Israel has told Jerusalem to butt out of the debate about honoring of Nazi collaborators. Thursday’s intervention by Hennadii Nadolenko, head of Ukraine’s diplomatic mission in Tel Aviv, reflects an escalation in the disagreement between Israel and Ukraine over the issue. The subject is related to “internal issues of Ukrainian politics” and Israel’s protests about it are “counterproductive,” Nadolenko told Israeli diplomats, according to the news site Jewish.ru. Last week, Israel’s ambassador to Ukraine, Joel Lion, and his Polish counterpart Bartosz Cichocki wrote officials an open letter condemning the government-sponsored honoring of Stepan Bandera and Andryi Melnyk, two collaborators with the Third Reich.


The two have written on the subject before. In 2018, Lion wrote that he was shocked at an earlier act of veneration for Bandera, saying: “I cannot understand how the glorification of those directly involved in horrible anti-Semitic crimes helps fight anti-Semitism and xenophobia.” Ukrainian diplomats had previously refrained from commenting publicly about Lion’s protests. The veneration of Nazi collaborators, including killers of Jews, is a growing phenomenon in Eastern Europe, where many consider such individuals as heroes because they fought against Russian domination. But few of Lion’s counterparts in those countries have spoken out as forcefully and publicly on this issue.

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For Trump, it’s an easy campaign. Bernie is a socialist, Biden is a sleepy flip flop who blackmailed Ukraine, Warren is Pocahontas squared and a socialist, Buttigieg has a closet full of things he hasn’t yet outed, and nobody likes Bloomberg.

Obama Campaign Guru: Trump Would Love To Run Against Bernie (Pol.)

Barack Obama’s 2012 campaign manager is warning that Democrats would struggle in a general election against Donald Trump if Bernie Sanders is the nominee. In an interview with POLITICO, Jim Messina predicted that Trump would exploit Sanders’ stamp of socialism in battleground states needed to defeat Trump, keep control of the House and have a shot at winning the Senate. “If I were a campaign manager for Donald Trump and I look at the field, I would very much want to run against Bernie Sanders,” Messina said. “I think the contrast is the best. He can say, ‘I’m a business guy, the economy’s good and this guy’s a socialist.’ I think that contrast for Trump is likely one that he’d be excited about in a way that he wouldn’t be as excited about Biden or potentially Mayor Pete or some of the more Midwestern moderate candidates.”

This is not the first time Messina has questioned Sanders’ viability as a general election candidate. His latest remarks come amid Sanders’ first-place showing in the marquee Iowa Poll and as the Vermont senator‘s messaging has increasingly focused on his electability. Messina said he is not endorsing in the 2020 race. He recently attended a fundraiser for Biden in Irvine, Calif., he said, because his wife is a supporter of the former vice president. “From a general election perspective, socialism is not going to be what Democrats are going to want to defend,” Messina added.“If you’re the Democratic nominee for the Montana Senate race, you don’t want to spend the election talking about socialism.”

Messina is the latest Democrat to raise concerns about Sanders at the top of the ticket. Endangered House Democrats are coalescing around Biden because of concerns that Sanders or Elizabeth Warren could threaten their reelection hopes, POLITICO reported Saturday. [..] Sanders surged starting in late October after recovering from a heart attack and receiving a pivotal endorsement from New York Rep. Alexandria Ocasio-Cortez. For more than a week, Sanders has more directly attacked Joe Biden, the national top polling candidate, arguing the former vice president has too much “baggage” to win a general election. Sanders has argued the excitement behind his campaign and his steady dominance in grass-roots fundraising makes him the more electable candidate.

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From the Sanders campaign: “Jim Messina’s corporate clients include Google, Uber, AirBNB, a major private equity firm, a major airline that has been fighting its workers’ efforts to form a union, and Third Way, the Wall Street front group whose mission is to destroy the progressive movement.”

The campaign had set January 1st as the starting date for attacking rivals long ago.

Bernie Sanders Rips Biden Revisionist History On Iraq War Support (WE)

Bernie Sanders’s campaign ratcheted up its attacks on Joe Biden’s claim that he did not support the Iraq War nearly as soon as it started. “It is appalling that after 18 years Joe Biden still refuses to admit he was dead wrong on the Iraq War, the worst foreign policy blunder in modern American history,” Sanders senior adviser Jeff Weaver said in a statement Saturday. “Unlike 23 of his Senate colleagues who got it right, Biden made explicitly clear that he was voting for war, and even after the war started, he boasted that he didn’t regret it.” Biden voted for the Iraq War in 2002 while he was a Delaware senator, but he has claimed several times on the campaign trail that he opposed the effort “from the moment” the March 2003 invasion started.

The then-senator expressed support for the war, saying in July 2003 that he still thought the job was “doable.” In a Senate floor speech, Biden said, “I voted to go into Iraq, and I’d vote to do it again.” He later changed his position. As vice president, Biden oversaw the withdrawal of nearly 150,000 troops from Iraq in 2011, which many argue fueled the rise of the Islamic State. “Bernie Sanders saw the same information and had the judgment to vote against the Iraq War,” Weaver said. “That’s the kind of commander in chief we need — someone with the toughness and judgment to get those calls right, not someone who undermined Democratic opposition, enthusiastically supported a disastrous war, refuses to admit mistakes, and then tries to rewrite history.”

Foreign policy shot to prominence in the Democratic presidential field after President Trump ordered a strike that killed of Iranian Revolutionary Guard Quds Force leader Gen. Qassem Soleimani on Jan. 2, changing the landscape of Middle East policy. Sanders argued that the move puts the United States on the path to another war. Despite flaunting in Iowa last week that his supporters “have not heard me disparage any of the candidates,” Sanders has been increasing his attacks on the former vice president as the the Feb. 3 first-in-the-nation Iowa caucuses loom. “You know, Joe Biden has been on the floor of the Senate, talking about the need to cut Social Security or Medicare or Medicaid,” Sanders said in an interview on Monday. “Joe Biden pushed a bankruptcy bill, which has caused enormous financial problems for working families.”

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The worst of this relates to Clapper and Brennan’s Russiagate comments.

Revolving Door Shills On TV Need An ‘Outing’ (AC)

David Petraeus, Van Hipp, Jeh Johnson, John Negroponte (and these are just the ones featured in Fang’s piece)—all have ties to the Big 5 contracting companies like Lockheed Martin and Raytheon (whose stocks are soaring in response to recent events) and/or work for venture capital firms that invest in these companies. In fact, General Jack Keane, who is reportedly at the elbow of the president, advising him directly, while alternately appearing on FOX News to congratulate him after launching kinetic attacks like killing Gen. Soleimani, currently serves as a partner for such a firm (SCP Partners) and has worked for General Dynamics and Blackwater. [..] key here, according to Fang is this: “Many of the pundits who appeared on national television or were quoted in major publications to praise the president’s actions have undisclosed ties to the defense industry — the only domestic industry that stands to gain from increased violence.”


Whether they are not disclosing their ties to producers or the hosts don’t bother to mention it on air doesn’t matter. It’s called ethics and journalistic integrity. Due diligence. Honesty. None if it seems to be in evidence here. “It is imperative that viewers are aware when their news commentary is coming from someone with a financial incentive tied to the topic they’re coming on, especially when so many lives hang in the balance,” Gin Armstrong, who’s with the Public Accountability Initiative, told Fang. Quite right. This seems so simple, yet this practice of deception—and it is a deception—has been going on for decades. But that doesn’t mean we have to swallow it passively.

Think of all the damage that was done in the run-up to the Iraq War and after the invasion, when former military generals were cultivated by the Pentagon and delivered to the networks and cable shows as commentators for years, helping to sell the war and pacify public opinion when conditions on the ground went sour. The “Afghanistan Papers” revealed last month that hundreds of government officials and military officers knew for years that the war was lost and that the American people were being sold a bill of goods throughout the entire 18-year campaign. By their silence and complicity they served as enablers. How many of them have cycled through the revolving door to the private sector and have served as “experts” in any media capacity (authors, speechmakers, pundits) to promote those lies back to the American people? If they hadn’t, might there be more public pressure to end the war in Afghanistan and bring our troops home (14,000 still there) today?

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Tree-planting anyone?

Australia’s Fires Pump Out More Emissions Than 100 Nations Combined (MIT)

The wildfires raging along Australia’s eastern coast have already pumped around 400 million metric tons of carbon dioxide into the atmosphere, further fueling the climate change that’s already intensifying the nation’s fires. That’s more than the total combined annual emissions of the 116 lowest-emitting countries, and nine times the amount produced during California’s record-setting 2018 fire season. It also adds up to about three-quarters of Australia’s otherwise flattening greenhouse-gas emissions in 2019. And yet, 400 million tons isn’t an unprecedented amount nationwide at this point of the year in Australia, where summer bush fires are common, the fire season has been growing longer, and the number of days of “very high fire danger” is increasing.

Wildfires emissions topped 600 million tons from September through early January during the brutal fire seasons of 2011 and 2012, according to the European Union’s Copernicus Atmosphere Monitoring Service. But emissions are way beyond typical levels in New South Wales, where this year’s fires are concentrated. More than 5.2 million hectares (12.8 million acres) have burned across the southeastern state since July 1, according to a statement from the NSW Rural Fire Service. Climate change doesn’t spark wildfires. But rising temperatures and decreasing rainfall dries out trees, plants, and soil, converting them into fuel that can amplify fires when they do break out.

A 2018 report by Australia’s national science agency and the Bureau of Meteorology concludes climate change has contributed to the nation’s worsening fire conditions, noting that average temperatures have risen more than 1˚C. In turn, these huge fires are fueling climate change. As trees and plants burn, they release the carbon stored in their trunks, leaves, branches, and roots. That creates a vicious feedback loop, as the very impacts of climate change further exacerbate it, complicating our ability to get ahead of the problem.


Wildfire emissions from September through early January, nationwide and in New South Wales. Copernicus Atmosphere Monitoring Service

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But to be replaced with what? I still haven’t seen an answer to that which makes any sense.

Stay out of Davos, Greta, you’re being bought.

Greta Thunberg Tells World Leaders To End Fossil Fuel ‘Madness’ (G.)

Greta Thunberg and fellow youth climate campaigners are demanding that global leaders immediately end the “madness” of huge ongoing investments in fossil fuel exploration and enormous subsidies for coal, oil and gas use. The 21 young activists are also calling on the political and business leaders who will be attending the World Economic Forum in Davos to ensure investment funds dump their holdings in fossil fuel companies. “Anything less would be a betrayal against life itself,” said Thunberg and colleagues in an article in the Guardian. “Today’s business as usual is turning into a crime against humanity. We demand that you play your part in putting an end to this madness.”

The burning of fossil fuels is the biggest driver of the climate emergency. Scientists predict catastrophic impacts unless deep cuts in emissions are made rapidly, but global emissions are still rising. “Young people are being let down by older generations and those in power,” the climate strikers said. “To some it may seem like we are asking for a lot. But this is just the very minimum effort needed to start the rapid sustainable transition.” Much of the world’s existing coal, oil and gas reserves must be kept in the ground to avoid the worst impacts of global heating. But investment in fossil fuel exploration and extraction remains high.

Since the Paris climate agreement in 2015, the world’s largest investment banks have provided more than $700bn to fossil fuel companies to develop new projects, with the total investment estimated to be trillions of dollars. Fossil fuel companies argue that their products will be used for many years to come and that they have a pivotal role in shifting the energy system to zero emissions. But their investments in green energy are tiny compared with those in fossil fuels. Subsidies for fossil fuels also remain high despite a G20 pledge in 2009 to eliminate them. The IMF estimates such subsidies run at $10m a minute, or $5.2tn a year. “The fact that [ending investment and subsidies] hasn’t been done already is, quite frankly, a disgrace,” said Thunberg and colleagues.

Investors managing funds totalling $12tn have already divested from coal, oil and gas, but the climate activists demand that “all companies, banks, institutions and governments immediately and completely divest from fossil fuels”. Mark Carney, the governor of the Bank of England, said in December that the financial sector was not cutting investments in oil and gas companies rapidly enough and warned that assets in the sector could end up “worthless”. He said in October that companies and industries not moving towards zero-carbon emissions would be punished by investors and go bankrupt.

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UK 2020. Laughing stock.

Anti-Terror Police Target School Climate Strikers (G.)

Extinction Rebellion is threatening legal action against counter-terrorism police for what it said was the illegal listing of the group as an extremist ideology in a guide designed to help stop terrorist violence. The Guardian revealed on Friday that counter-terrorism police had placed the non-violent protest group on a list of extremist ideologies that should be reported to the authorities running the Prevent anti-radicalisation programme. Police now say that was an error. Amnesty International condemned the decision on Saturday as criticism grew and questions remained about how Extinction Rebellion (XR) came to be included in the guide alongside neo-Nazi and terrorist groups.

The climate emergency campaign group was included in a 12-page document produced by Counter Terrorism Policing South East (CTPSE) titled “Safeguarding young people and adults from ideological extremism”. XR has instructed lawyers. Jules Carey, who acted for XR when it successfully struck down police protest bans in the courts last year, told the Guardian that the latest guidance was unlawful. “It is extraordinary that Counter Terrorism Policing South East have added Extinction Rebellion to the list of terrorist groups and extremist organisations that the Prevent strategy was set up to deal with.

“The guidance issued by the CTPSE is clearly unlawful. It constitutes an unlawful interference with human rights including free speech, right to assemble and enjoyment of a private life. “The guidance is clearly designed to harm Extinction Rebellion and cast those who support the movement as domestic extremists. It is a glaring example of the sort of overzealous policing we have come to expect around protests. Being referred to Prevent could have long-lasting and life-changing consequences for a young school activist.”

[..] Kerry Moscogiuri, Amnesty International UK’s campaigns director, said the police guidance added to longstanding concerns about Prevent. “It’s deeply shocking that the police ever seriously considered classifying peaceful climate crisis protesters as extremists. To see that schoolchildren were effectively going to be profiled under these proposed measures, just deepens our shock. “Given that children are potentially those who will be most affected by the climate emergency, it’s vital that they are able to speak out on these issues without this heavy-handed and entirely disproportionate police attention. This episode only adds to our existing concerns about Prevent, which is a highly dubious scheme sorely in need of a proper, independent and impartial review.”

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“Commercial honeybees are considered livestock by the US Department of Agriculture..”

Might as well register them as cartoon characters. Same difference. We really don’t have any connection to anything alive anymore, do we?

‘Like Sending Bees To War’: The Deadly Truth Behind Your Almond-Milk (G.)

A recent survey of commercial beekeepers showed that 50 billion bees – more than seven times the world’s human population – were wiped out in a few months during winter 2018-19. This is more than one-third of commercial US bee colonies, the highest number since the annual survey started in the mid-2000s. Beekeepers attributed the high mortality rate to pesticide exposure, diseases from parasites and habitat loss. However, environmentalists and organic beekeepers maintain that the real culprit is something more systemic: America’s reliance on industrial agriculture methods, especially those used by the almond industry, which demands a large-scale mechanization of one of nature’s most delicate natural processes.

Environmental advocates argue that the huge, commercially driven proliferation of the European honeybees used on almond farms is itself undermining the ecosystem for all bees. Honeybees out-compete diverse native bee species for forage, and threaten the endangered species that are already struggling to survive climate change. Environmentalists argue a better solution is to transform the way large-scale agriculture is carried out in the US. Like all bees, honeybees thrive in a biodiverse landscape. But California’s almond industry places them in a monoculture where growers expect the bees to be predictably productive year after year.

Commercial honeybees are considered livestock by the US Department of Agriculture because of the creature’s vital role in food production. But no other class of livestock comes close to the scorched-earth circumstances that commercial honeybees face. More bees die every year in the US than all other fish and animals raised for slaughter combined. “The high mortality rate creates a sad business model for beekeepers,” says Nate Donley, a senior scientist for the Center for Biological Diversity. “It’s like sending the bees to war. Many don’t come back.”

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The state of -rich western- mankind in a few words.

 

 

 

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May 032019
 


Paul Klee In angel’s care (In Engelshut) 1931

 

Day of the Long Knives (Kassam)
Is The Media Driving America Insane? (LN)
How The News Took Over Reality (G.)
Assange or Khashoggi: Whither Journalistic Standards? (Aziz)
Democrats Rage At Empty Chair As Barr Misses Mueller Hearing (ZH)
How President Trump’s Legal Team Outfoxed Mueller (Chamberlain)
Ukrainian Embassy Confirms DNC Contractor Solicited Trump Dirt In 2016 (Hill)
April US Auto Sales Crash 6.1%, Worst Slide In 8 Years (ZH)
Global Foreign Direct Investment Flows Collapse (DQ)
Hippie-Punching MMT (Edward Harrison)

 

 

“If all these peoples’ ideas were not relevant, or popular, they would not need to be banned.”

It’s World Press Freedom Day today. Painfully ironic. We can’t let Facebook police our world. Or, rather, be police, judge and henchman all in one. We need laws for this and we need to apply them.

I don’t do Facebook anymore since they froze our account, what is it, 3 years ago?! I see Paul Joseph Watson every now and then on Twitter and though I don’t see myself becoming his best friend, he is an intelligent and articulate guy who has never violated Facebook’s regulations. Other than he has a link to Alex Jones. It’s easy to say Good Riddance, but you are next.

Day of the Long Knives (Kassam)

Alex Jones, Paul Joseph Watson, Laura Loomer and Milo Yiannopoulos have been unpersonned by the digital tech giant Facebook and its subsidiary Instagram. They’re coming for you, next. Or more likely, for us. Human Events stands shoulder-to-shoulder with those being routinely targeted by the would-be ‘Masters of the Universe’, no matter if we agree with them or not. Also banned was Louis Farrakhan, the anti-Semitic leader of the repugnant Nation of Islam group. But Farrakhan, like the others, should not have his fate decided by some little nerd in Silicon Valley who has decided his or her feelings are hurt. His fate should be decided in the court of public opinion, with sunlight acting as the greatest disinfectant.

Unfortunately, recent precedent has informed Big Tech that its methods to some extent work. The removal of people like Laura Loomer, Milo, and Tommy Robinson has directly impacted their livelihoods, their work, and their fundamental freedoms. And while Farrakhan is far from someone we would be seen dead around, it is only intellectually consistent if the rules apply both ways. For the psychopaths of Silicon Valley however, intellectual considerations come a distinct last to power, profit, and pandering. The likelihood is Farrakhan’s inclusion on the list is simply a sop to make the decision seem less of a one way street. If I were him, I’d be especially pissed off at being the fall guy in this regard.

But Jones, Loomer, Milo, and Watson have a claim to massive anger too, given they are being lumped in with a man who has said “white people deserve to die”, and who has said to Jewish people, “…don’t you forget, when it’s God who puts you in the ovens, it’s forever!” Tommy now struggles to gain traction – albeit with a smile on his face – and a plan to drive a bus around the country with a big screen on it, to highlight the censorship he faces. Milo – and he will probably hate me for saying this – faces total financial ruin. Alex Jones has had a massive business ripped out from under him. And Laura Loomer has been relegated to staging protests on the front lawns of those who needlessly aggress her.

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If they can make a buck from it, they certainly will.

Is The Media Driving America Insane? (LN)

Now that more of us are consuming news media more often than ever, a higher number of Americans are being fed a steady mental diet of outrage, fear, and hostility wrapped in clickbait headlines designed to make us even more contemptuous of those whose political beliefs clash with our own. Many media outlets have transformed emotionally charged, but ultimately irrelevant, stories into their bread and butter, manipulating their audiences into giving them their precious clicks in exchange for a dose of anger and panic. Otherwise unimportant stories are catapulted into the mainstream simply because the press knows Americans will tune in and boost their ratings.


The Covington kids fiasco is a prime example. What should have been a local matter was morphed into an issue of national importance by a left-wing media apparatus that wanted to further their “MAGA Hat-wearing white people are the spawn of Satan” narrative. In the end, what is accomplished? For the press, it is higher ratings and more clicks. But for the American public, it is a heightened sense of fear, hatred, and stress – a toxic brew rending the social fabric. It is no wonder that many are predicting another civil war. It would be easy to dismiss such claims as pure alarmism, but given how the Fourth Estate wields their influence, this reality is not hard to imagine. Is it possible to reverse course? Sure, but it won’t be easy. The media is in this game for two reasons: To earn a profit, and to achieve their political objectives. They have no incentive to inform rather than persuade. If the trend persists, things are sure to get uglier before they get better.

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Such a piece coming from the Guardian is pretty priceless. Even if it makes some valid points, it’s publications like that which seek to alter reality. Don’t report the news, but manufacture it.

How The News Took Over Reality (G.)

In recent years, there has been enormous concern about the time we spend on our web-connected devices and what that might be doing to our brains. But a related psychological shift has gone largely unremarked: the way that, for a certain segment of the population, the news has come to fill up more and more time – and, more subtly, to occupy centre stage in our subjective sense of reality, so that the world of national politics and international crises can feel more important, even more truly real, than the concrete immediacy of our families, neighbourhoods and workplaces. It’s not simply that we spend too many hours glued to screens. It’s that for some of us, at least, they have altered our way of being in the world such that the news is no longer one aspect of the backdrop to our lives, but the main drama. The way that journalists and television producers have always experienced the news is now the way millions of others experience it, too.


From a British or American standpoint, the overwhelmingly dominant features of this changed mental landscape are Brexit and the presidency of Donald Trump. But the sheer outrageousness of them both risks blinding us to how strange and recent a phenomenon it is for the news – any news – to assume such a central position in people’s daily lives. In a now familiar refrain, the New York Times columnist Nicholas Kristof bemoans his social circle’s “addiction to Trump” – “at cocktail parties, on cable television, at the dinner table, at the water cooler, all we talk about these days is Trump.” But Trump’s eclipse of all other news is not the only precondition for this addiction. The other is the eclipse of the rest of life by the dramas of the news.

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Excellent point. But there’s more: how does Assange’s freedom relate to that of the people who got banned from Facebook yesterday? Most of us will initially react to that question with something about what and who we like, but that’s not good enough.

Assange or Khashoggi: Whither Journalistic Standards? (Aziz)

Did international media and free press advocates who once celebrated Assange, utilized his revelations and heaped awards on Wikileaks, collectively agreed to abandon their erstwhile hero? And why the turnaround? (It’s not easy to explain although one observer suggests former associates actually conspired to depose him.) Increased silence from within Assange’s refuge presaged his recent ‘capture’. Then, when he suddenly appeared, subdued by dozens of guards, how shamelessly international media rushed to cheer his arrest. They seemed to delight in highlighting scant, salacious details of his condition at the time of his arrest. Reprehensible. Dismaying. Will those gloating journalists care what his captors do to Assange in detention?


This for the man whose political analyses and Wikileaks revelations had been daily headlines not long ago. This for a journalist and publisher who introduced a profound strategy to expose a government’s sinister diplomatic schemes, excesses and crimes documented by their own internal reports. This for an organization gathering evidence of government wrongdoing at a critical time, starting in 2006 when U.S. wars in Iraq and Afghanistan were being reevaluated by a sobering public. Rumors of military crimes, cover-ups, torture, black-site prisons, etc. had gradually, although belatedly, gained credibility and, following the Abu Graib Prison revelations, Wikileaks provided irrefutable evidence of how U.S.A. and its allies conducted their wars.

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From the WSJ Editorial Board yesterday: “Mr. Barr has since released the full Mueller report with minor redactions, as he promised, and with the “context” intact. Keep in mind Mr. Barr was under no legal obligation to release anything at all. Mr. Mueller reports only to Mr. Barr, not to the country or Congress.

Mr. Barr has also made nearly all of the redactions in the report available to senior Members of Congress to inspect at Justice. Yet as of this writing, only three Members have bothered—Senate Judiciary Chairman Lindsey Graham, Senate Majority Leader Mitch McConnell and ranking House Republican on Judiciary Doug Collins. Not one Democrat howling about Mr. Barr’s lack of transparency has examined the outrages they claim are hidden.”

Doug Collins’ tirade is a good listen. No need to agree with him.

Democrats Rage At Empty Chair As Barr Misses Mueller Hearing (ZH)

Refusing to allow the fact that AG Barr chose not to attend today’s Mueller Report hearing, angry Democrats took full advantage of the photo-op to conjure images of a terrified attorney general cowering from the truth and protecting a clearly guilty-of-something president. Despite Barr’s decision last night not to attend, because he objected to Democratic demands that their staff counsel be able to question him, Democrats went forward with the theater of the hearing anyway, setting up an empty chair for the absent attorney general. As The Hill reports, Rep. Steve Cohen (D-Tenn.) brought a bucket of Kentucky Fried Chicken to the morning event, and accused Barr of being a coward after it ended. House Judiciary Chairman Jerrold Nadler (D-N.Y.) tore into Barr, accusing him of failing to check President Trump’s “worst instincts” and misrepresenting Mueller’s findings.

“He has failed the men and women of the Department by placing the needs of the President over the fair administration of justice,” Nadler said. “He has even failed to show up today.” Republicans did not take it lying down with Rep. Matt Gaetz (R-Fla.) noted vociferously that “Judiciary Democrats say AG Barr is “terrified.” Yesterday he testified for over five hours in an open hearing. Today, they cut off my microphone.” And, Rep. Doug Collins (R-Ga.) accused Nadler of staging a “circus political stunt” and said the Democratic chairman wanted the hearing to look like an impeachment hearing. “That is the reason. The reason Bill Barr is not here today is because the Democrats decided they didn’t want him here today. That’s the reason he’s not here,” Collins said. “Not hearing from him is a travesty to this committee today.”

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Excellent read. Mueller wanted to make Trump’s firing of Comey to be obstruction. But that would have taken some hoops to jump through.

How President Trump’s Legal Team Outfoxed Mueller (Chamberlain)

When the Mueller Report was released on April 18th, most commentators focused on the “explosive” factual allegations. But other than the shocking revelation that the President once used an expletive in private, very few of those facts were novel; most were leaked long ago. At the end of Volume II of the Mueller Report, however, there were 20 pages of genuinely new material. There, the former FBI director turned Special Counsel Robert Mueller defended his “Application of Obstruction-Of-Justice Statutes To The President.” These overlooked 20 pages were dedicated to defending Mueller’s interpretation of a single subsection of a single obstruction-of-justice statute: 18 U.S.C. § 1512(c)(2).

That’s quite strange, but you know what’s stranger still? In June 2018, Bill Barr, then in private practice at Kirkland & Ellis, wrote a detailed legal memorandum to Deputy Attorney General Rod Rosenstein. This memo came to light in December, when Barr was nominated for Attorney General. The subject was Mueller’s interpretation of the aforementioned 18 U.S.C. § 1512(c)(2). [..] Reading Barr’s June 2018 memo alongside the last twenty pages of the Mueller Report is a curious experience. Together, they read like dueling legal briefs on the meaning of 18 U.S.C. § 1512(c)(2); the type of material one would expect to see from adversarial appellate litigators.

So-why did Robert Mueller dedicate 20 pages of his report to a seemingly obscure question of statutory interpretation? Why did Bill Barr write a detailed legal memorandum to Rod Rosenstein about that very same statute? And how, exactly, did Bill Barr know that that § 1512(c)(2) was central to Mueller’s obstruction theory – in June 2018, when he was still in private practice at Kirkland? [..] why, exactly, was the interpretation of 18 U.S.C. § 1512(c)(2) so contested? Let’s start by looking the statute, excerpted here: (c) Whoever corruptly— (1) alters, destroys, mutilates, or conceals a record, document, or other object, or attempts to do so, with the intent to impair the object’s integrity or availability for use in an official proceeding; or (2) otherwise obstructs, influences or impedes any official proceeding, or attempts to do so [is guilty of the crime of obstruction].

Why was this so important to Mueller? Because most of the obstruction statutes couldn’t possibly apply to President Trump’s behavior, as they require that a defendant obstruct a “pending proceeding” before an agency or tribunal. It is settled law that an FBI investigation does not constitute such a proceeding. But § 1512(c) applies to acts of obstruction done with the intent of impairing evidence for a future, potential proceeding. That made it potentially usable against the President.

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Ukraine is central. Even without Biden.

Ukrainian Embassy Confirms DNC Contractor Solicited Trump Dirt In 2016 (Hill)

The boomerang from the Democratic Party’s failed attempt to connect Donald Trump to Russia’s 2016 election meddling is picking up speed, and its flight path crosses right through Moscow’s pesky neighbor, Ukraine. That is where there is growing evidence a foreign power was asked, and in some cases tried, to help Hillary Clinton. In its most detailed account yet, Ukraine’s embassy in Washington says a Democratic National Committee insider during the 2016 election solicited dirt on Donald Trump’s campaign chairman and even tried to enlist the country’s president to help.


In written answers to questions, Ambassador Valeriy Chaly’s office says DNC contractor Alexandra Chalupa sought information from the Ukrainian government on Paul Manafort’s dealings inside the country, in hopes of forcing the issue before Congress. Chalupa later tried to arrange for Ukrainian President Petro Poroshenko to comment on Manafort’s Russian ties on a U.S. visit during the 2016 campaign, the ambassador said. Chaly says that, at the time of the contacts in 2016, the embassy knew Chalupa primarily as a Ukrainian-American activist, and learned only later of her ties to the DNC. He says the embassy considered her requests an inappropriate solicitation of interference in the U.S. election.

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Am I still the only one who thinks this is good news?

April US Auto Sales Crash 6.1%, Worst Slide In 8 Years (ZH)

It was yet another dismal month for US auto sales in April, continuing a recessionary trend that has been in place not only in the US, but globally, for the better part of the last 12 months and certainly since the beginning of 2019. The nonsense-excuse-du jour for this month’s disappointing numbers is being placed on the weather on seasonality on rising car prices, which easily pushed away an overextended, broke and debt-laden U.S. consumer. In a nutshell, US auto sales in April tumbled by 6.1% – the biggest monthly drop since May 2011 – to just 16.4 million units, the lowest since October 2014.

Aside for an incentive-boost driven rebound in March, every month of 2019 has seen a decline in the number of annualized auto sales. Furthermore, as David Rosenberg notes, the -4.3% Y/Y trend is the weakest it has been for the past 8 years. Adding “fuel to the fire”, the average price of a new car in April came in at $36,720, the highest ASP so far this year, according to The Detroit News. It comes at a time where interest rates remain above 6% on average, further pressuring sales.

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Mostly US funds flowing back home.

Global Foreign Direct Investment Flows Collapse (DQ)

Global foreign direct investment flows plunged by another 27% in 2018 — after having already plunged 16% in 2017 — to just $1.1 trillion, the equivalent of 1.3% of global GDP, the lowest ratio since 1999, according to new data released by the OECD. It was the third consecutive annual plunge in global FDI flows, as more and more companies either choose not to invest in businesses or assets in other countries or are prevented from doing so. At the peak in 2015, before the trade wars began, before the Brexit vote happened, and before China began cracking down on the capital outflows that had fueled big-ticket purchases of strategic companies across the globe as well as surging asset prices in multiple jurisdictions, global FDI flows totaled $1.92 trillion and represented around 2.5% of global GDP. FDI has since collapsed by 43%.

The OECD apportions much of the blame for the latest fall in FDI flows on the US tax reform in 2017, which prompted many US companies to repatriate large amounts of earnings held with foreign affiliates in countries such as Ireland and Switzerland, which both suffered a massive reduction in inward foreign investment last year. The U.S. is traditionally the world’s biggest source of FDI, but last year it recorded negative outflows for the first time since 2005, as the movement of funds from U.S. investors into global businesses and assets reversed and flowed back toward the U.S., at least on paper. The total sum of outflows last year was -$48 billion, compared to $316 billion in 2017.

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Time to reserve some space for MMT. Harrison has some valid views.

Hippie-Punching MMT (Edward Harrison)

A lot of people like to argue that the central bank and the central government are independent and autonomous powers. And the argument goes that because of this autonomy, central governments like the US aren’t really all-powerful because the central bank can simply refuse to create more IOUs. I think this is a ridiculous argument, though. The central bank is the central government’s agent. And it exists only as a vehicle for executing banking and monetary policies in the government’s interest. The independence it enjoys is entirely at the central government’s discretion – mostly to create the appearance of non-politically motivated policy which would create inflation and debase the currency. If push came to shove, the central government would do whatever it took to issue IOUs to promise to pay the bearer of its money the required sum of fiat currency.

Notice, though, that Euro Zone governments don’t have the same power because they cannot create euros. Sure, they can enforce tax in euros with the coercive power of the penalty of prison as an incentive. But, when their euro taxes fall short, they can’t create euros to make up the shortfall. The euro is not their IOU. They are just like any other debtor in the eurozone. And the MMT crowd were onto this right from the start. In fact, one of the MMT forefathers, Wynne Godley, predicted the European Sovereign Debt Crisis when the euro was first conceived in 1992. On the other hand, most mainstream economists were caught flat-footed by the crisis. They were operating under the assumption that the bond vigilantes had the same power over all debtors including sovereigns.

They said the bond vigilantes just gave sovereigns more leeway. And that’s still their position today despite all evidence to the contrary. How do you trade that? For me, I trade that by saying Germany is the de facto ‘sovereign’ in the euro zone because of its size and fiscal rectitude. The euro would have to cease to exist before German sovereign debt came under attack from bond vigilantes. Now, if Deutsche Bank went bankrupt and Germany bailed it out at great cost and went on a deficit binge to boot and government debt to GDP ended up ballooning to 120% of GDP, things would be different.

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Aug 252018
 


Henry Bacon Étretat 1890

 

The Dogs of Vengeance (Jim Kunstler)
Chemical Attack Being Staged To Frame Damascus – Russia MoD (RT)
Half Of Millennials Take Out Car Finance To Match Social Media Dreams (Ind.)
Majority Of Young Americans Live In A Household Receiving Welfare (ZH)
Twitter CEO Jack Dorsey To Testify On Conservative “Shadowbans” (ZH)
UK Immigration Minister Blocks Britons Who Sought Help On Twitter (G.)
Paul Singer, Doomsday Investor (New Yorker)
Tesla To Remain A Public Company, CEO Musk Says (AFP)
The Great Chinese Art Heist (GQ)
Drought In Central Europe Reveals Cautionary ‘Hunger Stones’ (NPR)
The Water Crises Aren’t Coming – They’re Here (Esq.)
Venezuela Heads For Refugee Crisis Moment Comparable To Mediterranean (R.)
Ecuador Opens “Humanitarian Corridor” For Venezuelan Migrants (AFP)
‘Begging To Die’: Succession Of Critically Ill Children Moved Off Nauru (G.)

 

 

The only thing today that mentions Trump.

The Dogs of Vengeance (Jim Kunstler)

History has a velocity of its own, and its implacable forces will drag the good, the bad, the clueless, the clever, the guilty, the innocent, the avid, and the unwilling to a certain fate. One can easily see a convergence of vectors shoving the nation toward political criticality this autumn. Mr. Trump is like some unfortunate dumb brute of the ancient Teutonic forests with a bulldog clamped to his nose, the rest of the pack close behind snapping at his hamstrings and soft, swaying underbelly. His desperate bellowing goes unanswered by the indifference of the trees in forest, the cold moon above, and all the other furnishings of his tragic reality.

As these things tend to happen, it looks like the exertions of Robert Mueller have turned from the alleged grave offenses of a foreign enemy to the sequela of consort with a floozie. Down goes Mr. Trump’s private attorney, Michael Cohen, in his personal swamp of incriminating files and audio recordings. Enter, stage left, one David Pecker, publisher of the venerable National Enquirer — the newspaper of wreckage — on his slime-trail of induced testimony. And there is your impeachable offense: an illegal campaign contribution. One way or another, as Blondie used to sing, I’m gonna getcha, getcha, getcha.

Some in this greatest of all possible republics may be asking themselves if this is quite fair play, given the hundreds of millions of dollars washed-and-rinsed through the laundromat known as the Clinton Foundation, and related suspicious doings in that camp of darkness. But remember, another president, Jimmy Carter, once declared to the shock of official Washington that “life is unfair.” What I wonder is what these dogs of vengeance reckon will happen when they achieve their goal of bringing down the bellowing bull and pulling his guts out. Perhaps a few moments of tribal satisfaction, one last war dance around the fire, and when the fire dies out, they will find themselves under the same cold indifferent moon with blood on their snouts and an ill wind blowing in the tree tops.

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Why there’s still support for the White Helmets.

Chemical Attack Being Staged To Frame Damascus – Russia MoD (RT)

The US and its allies are preparing new airstrikes on Syria, the Russian Defense Ministry said, adding that militants are poised to stage a chemical weapons attack in order to frame Damascus and provide a pretext for the strikes. The attack would be used as a pretext for US, UK and French airstrikes on Syrian targets, Russian Defense Ministry spokesman, Major General Igor Konashenkov said. USS ‘The Sullivans,’ an Arleigh Burke-class Aegis guided missile destroyer, was already deployed to the Persian Gulf a couple of days ago, he added. The destroyer has 56 cruise missiles on board, according to data from the Russian Defence Ministry.

A US Rockwell B-1 Lancer, a supersonic bomber equipped with 24 cruise missiles, has also been deployed at the Qatari Al Udeid Airbase. The provocations are being prepared by militants from Al-Nusra Front (now known as Tahrir al-Sham) in Idlib province, northwestern Syria, In order to stage the attack, some eight canisters of chlorine were delivered in to village near Jisr al-Shughur city for the terrorists’ use, he added. A separate group of militants, prepped by private British security company Olive, have also arrived in the area. The group will be disguised as volunteers from the White Helmets group and will simulate a rescue operation involving locals purportedly injured in the attack, according to the military official.

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Instagram shapes the world.

Half Of Millennials Take Out Car Finance To Match Social Media Dreams (Ind.)

Forget fashion, music or gadgets. The desire to live up to social media aspirations has pushed more than half of millennials to buy a car for its status value, new figures suggest, and almost 40 per cent said Instagram or Facebook played a part in deciding which motor they went for. With two thirds of younger drivers reliant on credit to fund the purchase – twice the number of 37- to 54-year-old generation Xers – research from Admiral has revealed the new, expensive face of social media influencing. Younger drivers were found to be more reliant on credit, with 64 per cent taking car finance to fund a purchase compared with 38 per cent of 37- to 54-year-olds.

The consequences have financial implications on younger generations too, as more than half of drivers aged 19 to 36 admit feeling pressure to buy a specific car for status or prestige. More than one in 10 millennials said famous faces played a part in their choice of car, compared with just 4 per cent of gen-X drivers. They may currently own a Ford Fiesta, Vauxhall Corsa, VW Golf or Polo, but millennials dream of BMW i8s, Audi R8s, Ford GTs and Aston Martin Vantages.

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Car finance and food stamps?

Majority Of Young Americans Live In A Household Receiving Welfare (ZH)

New analysis from CNS News finds that the majority of Americans under 18 live in households that take “means-tested assistance” from the US government. The study, based on the most recently available data from the Census Bureau, leads with the question: Will they be called The Welfare Generation? The data presented by CNS editor Terrence Jeffrey shockingly reveals that in 2016 “there were approximately 73,586,000 people under 18 in the United States, and 38,365,000 of them — or 52.1 percent — resided in households in which one or more persons received benefits from a means-tested government program.”

It’s a slim majority, but a majority which nonetheless presents an extremely worrisome trend regarding the number of young Americans and possibly young families who’ve experienced some level of government dependency. To put it in another, perhaps more alarming way, if you’re under 18 the data shows you are more likely that not to be living in a home that receives some form of taxpayer-financed largesse. In terms of the country’s total population of 319.9 million Americans, the data finds that 114.8 million, or about 36 percent, lived as part of a household in which someone collected welfare. Jeffrey continued, “When examined by age bracket persons under 18 were the most likely to live in a household receiving means-tested government assistance (52.1 percent), while those 75 and older were least likely (18.8 percent).”

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You can’t have banning and shadowbanning on social media decided by opaque terms overseen by geeks. Just like you can’t ban people from having a phone, radio, TV just because you don’t like them.

Twitter CEO Jack Dorsey To Testify On Conservative “Shadowbans” (ZH)

Twitter CEO Jack Dorsey is scheduled to appear before the House Energy & Commerce committee on September 5th, after several GOP lawmakers demanded action in response to reports of conservatives being “shadow banned” by the San Francisco-based social media giant. “Twitter is an incredibly powerful platform that can change the national conversation in the time it takes a tweet to go viral,” wrote committee Chair Greg Walden (R-OR) in a Friday statement. “When decisions about data and content are made using opaque processes, the American people are right to raise concerns. This committee intends to ask tough questions about how Twitter monitors and polices content, and we look forward to Mr. Dorsey being forthright and transparent regarding the complex processes behind the company’s algorithms and content judgement calls,” the statement continues.

Earlier this month, House Majority Leader Kevin McCarthy sent a letter to Walden, requesting that he be allowed to publicly grill Jack Dorsey over recent allegations that the platform limits the reach of some conservative accounts. “Any solution to this problem must start with accountability from companies like Twitter, whose platforms have enormous potential to impact the national conversation — and unfortunately, enormous potential for abuse,” McCarthy said in the letter to House Energy and Commerce Committee Chairman Greg Walden. “In particular, I would like to request a hearing with Twitter CEO Jack Dorsey so that the American people can learn more about the filtering and censorship practices on his platform.” -Kevin McCarthy

McCarthy, who has worked on tech issues for years, has been investigating reports of Silicon Valley tech giants injecting their admittedly liberal bias into the way they enforce speech on their platforms. McCarthy and other Republican leaders met with Facebook staffers in June over their concerns, and as recently as last month McCarthy was running ads on Facebook inviting supporters to join him “and President Trump in defending our conservative voice against social media censoring,” according to the platform’s public database of political ads. This action follows Rep. Matt Gaetz (R-FL) complaint filed with the Federal Election Commission (FEC) against Twitter after he discovered that his account was being ‘shadowbanned’ – the practice of excluding or reducing the visibility of one’s tweets from normal circulation on the platform.

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Didn’t we already have this with Trump? This lady needs some educating.

UK Immigration Minister Blocks Britons Who Sought Help On Twitter (G.)

The immigration minister blocked at least two British citizens on Twitter when they asked for her assistance after the Home Office failed to respond to their complaints or appeals from their MPs. Caroline Nokes’ action, which means the people concerned are unable to read her tweets or contact her, were described by a leading immigration lawyer as suggesting “complete indifference”. Stephen Buck was blocked from following Nokes or seeing her tweets on 11 August after he sent her three tweets in four months, asking for help to prevent his long-term partner, Rusty Goodall, from being deported to Australia. It took the Home Office 13 months to refuse Goodall’s application to extend his visa, during which time the couple received no update on his case.

“I was nothing but polite in my approaches, but having tried all other avenues available to us (ie contacting the Home Office directly, asking our MP for help) and still feeling as though we were in a position where nobody was doing anything and nobody cared about us, contacting Nokes on Twitter felt like the only option left to try and get somebody in power to listen,” Buck said. “The fact that the only response to these pleas to one of the few people who could make a difference in our case was to block me, was truly upsetting, frustrating and insulting.” John Holden, a British citizen who lives in the UK with his Filipino wife, son and three adopted children, was blocked by Nokes on the same day as Buck after also asking for help.

“The Home Office have refused to issue my British children with British passports: they say we need to change the children’s Philippine passports to their new adopted surnames first,” he said. “The problem is that the Philippine authorities won’t do that unless we take the children out of school and return to the Philippines for a process that could take up to 18 months, during which I would have to readopt children who are already mine and are already British.

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Singer bankrupts countries.

Paul Singer, Doomsday Investor (New Yorker)

In 1995, Singer started working with a trader named Jay Newman, who specialized in the government—or sovereign—debt of developing countries. The collaboration led to the legal battle that would publicly define Singer: his fourteen-year fight with the government of Argentina. Like Singer, Newman was a lawyer by training, and, also like Singer, he had no problem making money using methods that others might find distasteful. For many years, sovereign loans were treated by banks and other lenders much the way that subprime mortgages were prior to 2008—as highly desirable, relatively low-risk investments.

But many countries, particularly poorer ones with fragile economies or corrupt governments, borrowed far more than they could realistically repay, and, during the nineteen-eighties, approximately fifty countries defaulted or had to restructure their debt, including Mexico, most of Latin America, Poland, the Philippines, Vietnam, and South Africa. In most cases, the International Monetary Fund would come in, impose budget cuts and other austerity measures, and help the governments renegotiate what they owed. The countries’ debt holders generally traded their old bonds for new ones under reduced terms, which allowed the country to exit default.

Newman saw an opportunity in these financial crises: purchase the defaulted debt at a very low price and then try to negotiate for, or sue the country for, full repayment on the original terms. An investor who pursued this strategy came to be known as a “rogue creditor.” The tactic could prove extremely profitable—as long as you had the stomach for it. Newman said that he never sued a country that couldn’t afford to pay, but critics argue that rogue creditors interfere with a country’s ability to return to the financial markets, exacerbating the poverty and suffering of its citizens. Singer hired Newman, initially offering him thirty thousand dollars a month and 20% of the profits on investments he recommended.

The Republic of Peru had defaulted on its debt in 1984; in 1996, the government initiated a debt exchange, and more than ninety per cent of Peruvian debt holders traded in their old bonds for new ones, taking a fifty-per-cent discount on the original value. Singer purchased eleven million dollars of defaulted Peruvian bonds, and then began a protracted legal battle to force the government to pay back the full value. In 1998, after a trial, a federal court found Elliott to be in violation of the Dickensian-sounding Champerty laws, which prohibit buying debt with the sole purpose of bringing legal action. Elliott appealed the case and won. The company later engaged in an intense lobbying campaign to change the Champerty laws in New York State.

It also filed a lawsuit in Brussels, attempting to prevent Peru from paying interest on any of its new bonds until it had paid Elliott. Peru was left with an unpalatable choice: default, again, on its new bonds, or pay what it viewed as a ransom to a New York hedge fund.

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What say ye, SEC?

Tesla To Remain A Public Company, CEO Musk Says (AFP)

Tesla CEO Elon Musk said Friday that the company would continue to be publicly traded, weeks after suggesting that he would take the electric carmaker private. Musk met with Tesla’s board of directors on Thursday “and let them know that I believe the better path is for Tesla to remain public. The Board indicated that they agree,” he wrote on the company blog. Musk surprised markets on August 7 by announcing on Twitter he wanted to take Tesla private at $420 a share. But shares fell more than 20 percent since the announcement. After the announcement the controversial entrepreneur came under extensive scrutiny over his Twitter statements related to the proposal, especially a claim that Tesla had “secured” funding for the move.

However, Musk said Friday that based on talks with current shareholders, as well as an assessment by financial advisers Silver Lake, Goldman Sachs and Morgan Stanley, “it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company.” Even though the majority of shareholders “said they would remain with Tesla if we went private, the sentiment, in a nutshell, was ‘please don’t do this,'” he wrote. “I knew the process of going private would be challenging, but it’s clear that it would be even more time-consuming and distracting than initially anticipated.”

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Insane story. Hollywood must have already bought the rights.

The Great Chinese Art Heist (GQ)

The patterns of the heists were evident only later, but their audacity was clear from the start. The spree began in Stockholm in 2010, with cars burning in the streets on a foggy summer evening. The fires had been lit as a distraction, a ploy to lure the attention of the police. As the vehicles blazed, a band of thieves raced toward the Swedish royal residence and smashed their way into the Chinese Pavilion on the grounds of Drottningholm Palace. There they grabbed what they wanted from the permanent state collection of art and antiquities. Police told the press the thieves had fled by moped to a nearby lake, ditched their bikes into the water, and escaped by speedboat. The heist took less than six minutes.

A month later, in Bergen, Norway, intruders descended from a glass ceiling and plucked 56 objects from the China Collection at the KODE Museum. Next, robbers in England hit the Oriental Museum at Durham University, followed by a museum at Cambridge University. Then, in 2013, the KODE was visited once more; crooks snatched 22 additional relics that had been missed during the first break-in. Had they known exactly what was happening, perhaps the security officials at the Château de Fontainebleau, the sprawling former royal estate just outside Paris, could have predicted that they might be next. With more than 1,500 rooms, the palace is a maze of opulence. But when bandits arrived before dawn on March 1, 2015, their target was unmistakable: the palace’s grand Chinese Museum.

Created by the last empress of France, the wife of Napoleon III, the gallery was stocked with works so rare that their value was considered incalculable. In recent years, however, the provenance of those treasures had become an increasingly sensitive subject: The bulk of the museum’s collection had been pilfered from China by French soldiers in 1860 during the sack of Beijing’s Old Summer Palace. In the low light before daybreak, the robbers raced to the southwest wing and shattered a window. They climbed inside, stepping over broken glass, and swiftly went to work dismantling the empress’s trove. Within seven minutes, they were gone, along with 22 of the museum’s most valuable items: porcelain vases; a mandala made of coral, gold, and turquoise; a Chimera in cloisonné enamel; and more.

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History lessons: “If you see me, weep.”

Drought In Central Europe Reveals Cautionary ‘Hunger Stones’ (NPR)

A lengthy drought in Europe has exposed carved boulders, known as “hunger stones,” that have been used for centuries to commemorate historic droughts — and warn of their consequences. The Associated Press reports that hunger stones are newly visible in the Elbe River, which begins in the Czech Republic and flows through Germany. “Over a dozen of the hunger stones, chosen to record low water levels, can now be seen in and near the northern Czech town of Decin near the German border,” the AP writes. One of the stones on the banks of the Elbe is carved with the words “Wenn du mich siehst, dann weine”: “If you see me, weep.” A team of Czech researchers described that stone in detail in a 2013 paper about the history of droughts in Czech lands.

The stone is also chiseled with “the years of hardship and the initials of authors lost to history,” the researchers wrote: “It expressed that drought had brought a bad harvest, lack of food, high prices and hunger for poor people. Before 1900, the following droughts are commemorated on the stone: 1417, 1616, 1707, 1746, 1790, 1800, 1811, 1830, 1842, 1868, 1892, and 1893.” That particular stone is now a bit of a tourist attraction; it’s one of the oldest hydrological landmarks in central Europe. Also, because of a dam on a tributary of the Elbe, it’s seen more often now than it used to be, according to a Decin tourist site — although the current river levels are still exceptional.

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We have 1% of all earth’s water. So of course we’re rapidly poisoning it.

The Water Crises Aren’t Coming – They’re Here (Esq.)

Water cannot be created or destroyed; it can only be damaged. When Gleick says we’ll never run out, he means that at some point, millions of years ago, there was all the water there is, a result of the law of the conservation of matter. Having evaporated from lakes and rivers and oceans and returned as snow and rain, the water we consume has been through innumerable uses. Dinosaurs drank it. The Caesars did, too. It’s been places, and consorted with things, that you might not care to think about. In theory, there’s enough freshwater in the world for everyone, but like oil or diamonds or any other valuable resource, it is not dispersed democratically. Brazil, Canada, Colombia, Peru, Indonesia, and Russia have an abundance—about 40 percent of all there is.

America has a decent amount. India and China, meanwhile, have a third of the world’s people and less than a tenth of its freshwater. It is predicted that in twelve years the demand for water in India will be twice the amount on hand. Beijing draws water from an aquifer beneath the city. From being used faster than rain can replenish it, the aquifer has dropped several hundreds of feet in the last forty years, and in places the city is sinking four inches every year. As for the world’s stock, however, nearly all of the water on earth is salty; less than 3% is fresh. Some of that is in rivers, lakes, aquifers, and reservoirs—the Great Lakes contain one fifth of the freshwater on the earth’s surface—and we have stored so much water behind dams that we have subtly affected the earth’s rotation; but two thirds of all the freshwater we have is frozen in the earth’s cold places as ice or permafrost, leaving less than 1% of the world’s total water for all living things.

Much of that gets a rough ride. American ponds and streams and lakes and rivers contain fungicides, defoliants, solvents, insecticides, herbicides, preservatives, biological toxins, manufacturing compounds, blood thinners, heart medications, perfumes, skin lotions, antidepressants, antipsychotics, antibiotics, beta blockers, anticonvulsants, germs, oils, viruses, hormones, and several heavy metals. Not all of these are cleansed from water before we drink it.

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It’s already there.

Venezuela Heads For Refugee Crisis Moment Comparable To Mediterranean (R.)

The exodus of migrants from Venezuela is building toward a “crisis moment” comparable to events involving refugees in the Mediterranean, the United Nations migration agency said on Friday. Growing numbers are fleeing economic meltdown and political turmoil in Venezuela, where people scrounge for food and other necessities of daily life, threatening to overwhelm neighbouring countries. Officials from Colombia, Ecuador and Peru will meet in Bogota next week to seek a way forward. In Brazil, rioters this month drove hundreds back over the border. Peru tightened entry rules for Venezuelans, requiring them to carry passports instead of just national ID cards, though a judge in Ecuador on Friday rolled back a similar rule enacted there.

Describing those events as early warning signs, a spokesman for the International Organization for Migration, Joel Millman, said funding and means of managing the outflow must be mobilised. “This is building to a crisis moment that we’ve seen in other parts of the world, particularly in the Mediterranean,” he said. On Thursday, the IOM and UN refugee agency UNHCR called on Latin American countries to ease entry for Venezuelans, more than 1.6 million of whom have left since 2015.

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Millions of people moving to Peru and Chile? Maybe helping them at home is a better idea. Get the CIA out of Caracas first.

Ecuador Opens “Humanitarian Corridor” For Venezuelan Migrants (AFP)

Desperate Venezuelan migrants who made it across the border in time were breathing a sigh of relief hours before Peru’s tightened controls came into effect Saturday, preventing those not carrying passports from entering. “We have been on the road for five days. We traveled by bus and saw people, Venezuelans, walking along the road,” Jonathan Zambrano, 18, told AFP. Thousands of migrants fleeing the crippling economic crisis in their homeland had faced a race against time to cross into Peru from either Ecuador or Colombia after last week’s announcement from Lima that they had one week to enter before a passport would be required.

Until Saturday, a simple identity card was enough for Venezuelans heading south to escape food and medicine shortages, hyperinflation and failing public services back home. At one border crossing, Peruvian officers handed out balloons to exhausted children, but many Venezuelans feared it would be a different story once the new rules come into force. “People arrive with very few resources and after having traveled, five or six days being the shortest. There are people who’ve been traveling for months,” Regine de la Portilla of the United Nations refugee agency UNHCR told AFP.

Ecuador opened a “humanitarian corridor” on Friday and lifted its own entry restrictions to facilitate the Venzuelans’ travels to Peru, one of the region’s fastest growing economies with 4.7 percent growth projected for next year. Ecuadoran Interior Minister Mauro Toscanini said Friday that 35 busloads of migrants were on the move along the route authorities had opened to Peru.

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This is Australia. Forget about housing bubbles and yokel PM’s. This is Australia.

‘Begging To Die’: Succession Of Critically Ill Children Moved Off Nauru (G.)

A girl suffering “resignation syndrome” and who is refusing all food and water has been ordered off Nauru by an Australian court, as a succession of critically ill children are brought from the island. At least three children have left the island since Thursday, and reports from island sources say at least three more children, as young as 12, are “on FFR” – food and fluid refusal. The current crisis on the island is overwhelming medical staff, who are referring dozens of children for transfer off the island, only to have their decisions rebuffed by Australian Border Force officials on the island or department of home affairs bureaucrats in Canberra. Two children were moved off the island with their families on Thursday.

Early on Friday morning, a 14-year-old refugee boy suffering a major depressive disorder and severe muscle wastage after not getting out of bed for four months, was flown directly from Nauru to Brisbane with his family. There are concerns, doctors say, he may never be able to walk normally again. Later on Friday, in the federal court, Justice Tom Thawley ordered another girl – given the designation EIV18 by the court – to be moved to Australia for urgent medical treatment. Court orders prevent publication of the girl’s age – other than the fact she is a child – her name or country of origin. [..] The girl has been inside the supported accommodation area of the regional processing centre for three weeks, and has been refusing food and water for much of that time.

Before she, too, fell into acute depression and “resignation syndrome”, and refused to eat or drink anything, she had been one of the brightest and most articulate of the refugee children on Nauru. “Before she got sick, she was the best-performing student,” a source familiar with the girl and her condition told the Guardian. “She had a dream to be a doctor in Australia and to help others. Now, she is on food-and-fluid refusal and begging to die as death is better than Nauru.”

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