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Debt Rattle July 28 2025

Jul 282025
 
 July 28, 2025  Posted by at 8:21 am Finance Tagged with: , , , , , , , , ,  57 Responses »


L.S. Lowry The mill, Pendlebury 1943

 

• Trump, EU Reach Tariff Deal To Avoid Trade War (ZH)
• ‘I’ll Never Be the Same’: Dan Bongino on FBI Secrets That Shook Him (Margolis)
• Trump Urges Prosecution of Kamala Harris (Catherine Salgado)
• The John Bolton Connection to the Steele Dossier (Margolis)
• More Russia Hoax Evidence Set To Drop, Implicating Hillary Clinton (Margolis)
• Intel Board Chairman Wants Security Clearances Revoked, Spies Fired (JTN)
• Trump Says Supreme Court’s Immunity Ruling Likely Helps Obama (ET)
• Declassified Russian Probe Material Shows a Familiar Rogue’s Gallery (Turley)
• What Is It With Russia? (Paul Craig Roberts)
• ‘Corrupt’ Ukraine Cannot Be Trusted – Former Trump Advisor (RT)
• EU Slashes $1.7bn In Aid To Ukraine Over Corruption Concerns (ZH)
• The Epstein Saga: What It Is Really About (Paul Craig Roberts)
• German Police Raid AfD MEP’s Property For The 22nd Time (RMX)

 

 

 

 

Ratcliffe

Kirk

Flynn

DOGE

Shell

 

 

 

 

Looking through the deal, I think the negotiators, Ursula first of all, were afraid to be stuck with 35% tariffs on Aug 1. So they agreed to trillions in spending. Good for Europe? Doubtful. Trump now takes it all.

The EU has agreed:
• To purchase $750 billion in energy
• Invest $600 billion in the US on top of existing investments
• Open up countries’ markets to trade with US at zero tariffs
• Purchase “vast amounts” of military equipment

• Trump, EU Reach Tariff Deal To Avoid Trade War (ZH)

President Trump said he reached a trade deal with the European Union late on Sunday, avoiding a trade war with the US’s largest trading partner and marking his biggest deal so far in his attempt to remake the global trading system through higher tariffs for U.S. trading partners. The pact comes less than a week before a Friday deadline for President Donald Trump’s higher tariffs to take effect on August 1. The president in May threatened to impose a 50% duty on nearly all EU goods, adding pressure that accelerated negotiations, before lowering that to 30%. Trump made the announcement at Trump Turnberry, his seaside golf resort in western Scotland, after meeting with European Commission President Ursula von der Leyen, who leads the EU’s executive body.

Trump said the U.S. would set a baseline tariff of 15% for European goods, including automobiles. He said steel and aluminum tariffs, which are currently at 50%, would remain unchanged. He added that the EU had agreed as part of the deal to buy $750 billion worth of energy products from the US, and the EU would agree to invest $600 billion more than previously in the US, although similar to the $550BN “investment” promised by Japan, this is unlikely to every materialize. Adding to the list of ludicrously big numbers disclosed (or as the case may be undisclosed) today, Trump also said that the EU would buy “a vast amount” of military equipment, and while he explained that “we don’t know what number is” but added that the US makes “the best military equipment in the world so you have to do that.”

To summarize, the US EU has agreed:
• To purchase $750 billion in energy
• Invest $600 billion in the US on top of existing investments
• Open up countries’ markets to trade with US at zero tariffs
• Purchase “vast amounts” of military equipment

“I think it’s going to be great for both parties, I think your various countries are very happy about this,” Trump said, sitting alongside von der Leyen. The two met for about an hour with their top representatives. “We made it,” von der Leyen said. She said the two sides wanted to rebalance their trade relationship, “and we wanted to do it in a way that trade goes on between the two of us across the Atlantic.” Currently, the EU faces a 10% baseline tariff on most of its goods exports to the U.S., as well as a 25% tariff on its auto industry and a 50% tariff for steel and aluminum. “I think that basically concludes the deal,” Trump told reporters at his golf club in Turnberry, Scotland. “It’s the biggest of all the deals.” The terms disclosed on Sunday suggest that 15% is likely a new minimum tariff level for most American trading partners. Economists and trade analysts say that tariffs at that level will have an impact on companies’ decisions and are expected to contribute to higher prices for Americans, but won’t stop global trade flows.

“They are not at the level where the global economy burns down,” said Dmitry Grozoubinski, senior trade adviser at Aurora Macro Strategies. The deal comes after a flurry of recent trade announcements. Trump said this past week that he had reached a deal with Japan, another top U.S. trading partner, which put baseline tariffs at 15%. Separate agreements set Vietnam’s baseline tariff level at 20% and established a 19% rate for the Philippines and Indonesia, Trump has said. The U.K. has the lowest tariffs Trump has so far agreed to as part of a deal, at 10%. Trump also was expected to iron out final details of the U.K. agreement in meetings with British Prime Minister Keir Starmer on Sunday and Monday.

The EU pact removes a major risk for markets and the global economy, a trade war involving $1.7 trillion worth of cross-border commerce, even though it means European shipments to the US are getting hit with a higher tax at the border. The goals, Trump said, were more production in the US and wider access for American exporters to the European market. Von der Leyen acknowledged that part of the drive behind the talks was a rebalancing of trade, but cast it as beneficial for both sides. “The starting point was an imbalance,” von der Leyen said. “We wanted to rebalance the trade we made, and we wanted to do it in a way that trade goes on between the two of us across the Atlantic, because the two biggest economies should have a good trade flow.”

As Bloomberg notes, US and European negotiators had been zeroing in on an agreement this past week. Officials have discussed terms for a quota system for steel and aluminum imports, which would face a lower import tax below a certain threshold and would be charged the regular 50% rate above it. The EU had also been seeking quotas and a ceiling on future industry-specific tariffs, but it’s unclear if the initial agreement will shield the bloc from potential levies that have yet to be implemented. The announcement capped off months of often tense shuttle diplomacy between Brussels and Washington. The EU had prepared to put levies on about €100 billion ($117 billion), about a third of American exports to the bloc, if a deal wasn’t reached and Trump followed through on his warning.

For weeks, the EU has indicated a willingness to accept an unbalanced pact involving a reduced rate of around 15%, while seeking relief on sectoral tariffs critical to the European economy. The US president has also imposed 25% levies on cars and double that rate on steel and aluminum, as well as copper. The deal comes just days after we learned that in June the US collected a new record in tariff revenue, some $26.6 billion: a number which annualizes to an impressive $320 billion. Several exporters in Asia, including Indonesia, the Philippines and Japan, have negotiated reciprocal rates between 15% to 20%, and the EU saw Japan’s deal for 15% on autos as a breakthrough worth seeking as well. Washington’s talks also continue with Switzerland, South Korea and Taiwan.

Read more …

Dan Bongino is a real man.

• ‘I’ll Never Be the Same’: Dan Bongino on FBI Secrets That Shook Him (Margolis)

In a political era addicted to facades and orchestrated outrage, some moments cut through the noise with a force that startles even seasoned observers. Enter Dan Bongino. The former radio firebrand turned deputy director of the FBI has become a lightning rod within Donald Trump’s second-term administration. In recent weeks, there were rumors he was going to quit the administration over frustration with Pam Bondi over how she’s handled the Epstein files. A source close to the matter said Bongino felt betrayed by what he saw as Bondi’s backpedaling and stonewalling—especially after she downplayed the existence of Epstein’s “client list” and dismissed speculation about blackmail or foul play. Bongino, who took the job hoping to help restore public trust, came to believe that mission was dead in the water unless Bondi stepped aside. “He’s done if she stays,” the source said at the time.

And then nothing happened. But Bongino’s recent statement on X is raising eyebrows. In a powerful and emotional message, Dan Bongino pulled back the curtain on what he described as deeply troubling revelations during his time at the FBI, vowing accountability and transparency in the face of corruption. “During my tenure here as the Deputy Director of the FBI,” Bongino began, “I have repeatedly relayed to you that things are happening that might not be immediately visible, but they are happening.” He emphasized a top-down commitment to justice, writing, “The Director and I are committed to stamping out public corruption and the political weaponization of both law enforcement and intelligence operations. It is a priority for us.”

But what he’s uncovered, Bongino said, has changed him forever. “What I have learned in the course of our properly predicated and necessary investigations into these aforementioned matters, has shocked me down to my core. We cannot run a Republic like this. I’ll never be the same after learning what I’ve learned.” He promised that the investigations will be carried out “by the book and in accordance with the law,” adding, “We are going to get the answers WE ALL DESERVE.” “As with any investigation, I cannot predict where it will land,” Bongino admitted, “but I can promise you an honest and dignified effort at truth. Not ‘my truth,’ or ‘your truth,’ but THE TRUTH.”

If that doesn’t sound like a battle cry from inside the halls of federal law enforcement, what does? For years, Americans have watched as justice and intelligence agencies faced allegations of bias, political leaks, and “weaponization” against dissenters from the prevailing establishment narrative. Critics—many of whom once dismissed such talk as conspiracy theory—have realized that these warnings carry real weight. Bongino, who once sat behind a conservative microphone dissecting exactly these threats, now finds himself not only confronting them but, by his own account, being rocked by what he’s uncovered. The message is unmistakable: accountability isn’t optional. Bongino’s cryptic post bears the signature of a man who has glimpsed truths that will shake the nation’s confidence in its governing institutions.

The question is not whether heads will roll, but how deep the rot goes and whether the rot can be cut out before it destroys what those institutions are supposed to protect. Forget the media’s hope for another administration scandal. The real scandal is what Bongino is finding—and what he warns America must soon confront. No matter how much the press wishes otherwise, Bongino’s mission to purge corruption is underway. His refusal to sugarcoat the stakes, and his insistence that “we cannot run a Republic like this,” target the very heart of what’s ailing the country. Whether Bongino ultimately prevails isn’t a footnote; it’s a battle for the soul of the Republic. One thing is certain: Washington can’t ignore Bongino’s warning shot. Nor should anyone else.

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“Eleven Million Dollars to singer Beyoncé for an ENDORSEMENT (she never sang, not one note, and left the stage to a booing and angry audience!)..”

• Trump Urges Prosecution of Kamala Harris (Catherine Salgado)

The Founding Fathers intended that, in America, no one would have a title and no one would be above the law. Too often in modern times, that no longer seems true of our country. But Donald Trump is starting to call for a change to the double standard of justice. Reviewing potentially illegal payouts from the Democratic Party and apparent bookkeeping errors, Donald Trump understandably wants to get to the bottom of the allegations and wants to see the former vice president in court over them. If you or I committed a federal immigration felony, received massive amounts of money from foreign hostile governments, engaged in money-laundering, committed classified documents felonies, fabricated evidence against a rival, or committed other serious crimes, we would almost certainly be going to jail.

But if you have a title like vice president or congressman or governor now, it seems as if you have the “get out of jail free” card. That is terribly dangerous. We quite simply cannot have a Republic if there is one set of laws for ordinary citizens and a totally different set of standards for rich and powerful people. Trump is at least right to recognize the underlying problem here. Trump posted on Truth Social Saturday, “I’m looking at the large amount of money owed by the Democrats, after the Presidential Election, and the fact that they admit to paying, probably illegally, Eleven Million Dollars to singer Beyoncé for an ENDORSEMENT (she never sang, not one note, and left the stage to a booing and angry audience!), Three Million Dollars for ‘expenses,’ to Oprah, Six Hundred Thousand Dollars to very low rated TV ‘anchor,’ Al Sharpton (a total lightweight!), and others to be named for doing, absolutely NOTHING! These ridiculous fees were incorrectly stated in the books and records.”

It is unclear whether paying large sums to a celebrity for an endorsement definitively violates Federal Election Commission guidelines. However, failing to properly report high-cost endorsement payments is a violation. These allegations would be worth investigating legally and in accordance with election laws and standards.

Trump, though he did not clarify that the violation depends on the amount of the payment for endorsement and the level of coordination with a candidate/campaign, referred to this in his usual emphatic style: “YOU ARE NOT ALLOWED TO PAY FOR AN ENDORSEMENT. IT IS TOTALLY ILLEGAL TO DO SO. Can you imagine what would happen if politicians started paying for people to endorse them. All hell would break out! Kamala, and all of those that received Endorsement money, BROKE THE LAW. They should all be prosecuted! Thank you for your attention to this matter.”

The Federal Election Commission states: Disbursements for endorsements made to the general public are not contributions or expenditures as long as the endorsement is not coordinated with any candidate, candidate committee or its agents. If celebrities were paid huge amounts of money by the Democrat party and Harris’s campaign to endorse Kamala, this would indeed seem to be a violation of the FEC rules.

Read more …

This John Bolton connection is straight out of the Baskervilles. The dog that didn’t bark. He had a file on Brennan and sat on it for years.

• The John Bolton Connection to the Steele Dossier (Margolis)

The Steele Dossier saga isn’t over—not even close. If anything, its rot is more obvious than ever, with each new revelation pointing directly to the highest levels of the Obama administration and even reaching into the early days of the Trump White House. What we now know is already damning: the phony Steele Dossier wasn’t just opposition research—it was weaponized disinformation, deliberately shoved into the 2017 Intelligence Community Assessment under orders from Barack Obama himself. Senior analysts warned it was unverified and unreliable, but those concerns were bulldozed in the name of politics.

Obama ordered the revised ICA not because Russia flipped the election, but because the original findings made it clear they hadn’t. That truth was politically inconvenient. So instead of accepting it, they rewrote reality, stuffing baseless allegations into an official intelligence report and turning it into a blunt instrument to kneecap a duly elected president. At the very least, John Brennan, the Obama-era CIA director, may soon find himself in legal jeopardy over his role in this scandal. But this story just took another turn—as it ensnared John Bolton, former national security adviser to President Trump.

In 2018, Bolton received a classified memorandum directly connected to Brennan’s actions. Astonishingly, he chose to bury it, locking it away in a National Security Council safe instead of bringing it to Trump’s attention. His trust in Brennan’s fabricated intelligence prevailed over his duty to the president he served. According to investigative reporter Paul Sperry, in 2018, Bolton received that classified summary, detailing how Brennan manufactured the Putin-Trump intelligence out of thin air—but Bolton left it untouched, sealed from sight and scrutiny.

The list of bad actors goes on. Oleg Smolenkov and Igor Danchenko, once hyped as top-tier Russian sources, turned out to be opportunists with no real intel. But John Brennan needed a show, so Smolenkov was sold as Moscow’s James Bond, just like Comey inflated Steele’s fiction as “Crown material.” It was never about truth—just building a weapon.

Now, thanks to declassified intelligence, reality is catching up with fiction. While Vladimir Putin never possessed any compromising material to blackmail Trump, he did have an extensive dossier on Hillary Clinton. Had she won the presidency, she would have entered the White House compromised, vulnerable to blackmail by Moscow, her decisions always shadowed by the possibility of Russian extortion.

In short, a cabal of partisans weaponized compromised intelligence, invented a Russian conspiracy out of nothing, and employed it to kneecap an incoming president. The deception ran so deep that even those entrusted to defend the presidency—like Bolton—became complicit by omission, not intervention.

Read more …

“CIA Director John Ratcliffe revealed Sunday that explosive new evidence tied to the Russia collusion hoax is about to be declassified..”

• More Russia Hoax Evidence Set To Drop, Implicating Hillary Clinton (Margolis)

CIA Director John Ratcliffe revealed Sunday that explosive new evidence tied to the Russia collusion hoax is about to be declassified—and it points directly at Hillary Clinton and key Obama-era intelligence officials. During an appearance on “Sunday Morning Futures” with Maria Bartiromo on Fox News, Ratcliffe confirmed that the classified annex to Special Counsel John Durham’s report will soon be made public, and what it contains could dramatically shift the narrative on the origins of Crossfire Hurricane. “And what that intelligence shows, Maria, is that part of this was a Hillary Clinton plan, but part of it was an FBI plan to, uh, be an accelerant to that fake Steele dossier, to those fake Russia collusion claims by pouring oil on the fire, by amplifying the lie and burying the truth of … what Hillary Clinton was up to,” Ratcliffe said.

This comes on the heels of fresh scrutiny over former CIA Director John Brennan, Director of National Intelligence James Clapper, and FBI Director James Comey, all of whom, according to Ratcliffe, knowingly pushed a false narrative into official intelligence assessments. “What hasn’t come out yet—and what’s going to come out—is the underlying intelligence that I have spent the last few months making recommendations about for final declassification,” Ratcliffe explained. “That will come out in the John Durham report classified annex.” If accurate, this revelation would confirm what conservatives have long suspected: that the Clinton campaign not only fabricated the Russian collusion story but had help from deep-state operatives inside the federal government.

“And much of that testimony is frankly completely inconsistent with what our underlying intelligence… reflects,” he added, referring to sworn statements given by Brennan, Clinton, and Comey between 2020 and 2022. Ratcliffe emphasized that this was not just a political hit job against Trump—it was a coordinated effort to manipulate both the intelligence community and the public. “You know, Pam Bondi does have a strike force. It is a different Department of Justice, a different FBI, and an opportunity to look at how these people really did conspire to run a hoax, a fraud on the American people, and against Donald Trump’s presidency. ”Despite predictable pushback from Democrats and legacy media dismissing renewed investigations as “revenge” or “retribution,” Ratcliffe said it’s clear why the public supports these efforts.

“They said to everyone, ‘We know what you did to Donald Trump, and we reelected him because we know this was all fake. We know it was a hoax. Now we want to understand how you did it so that it can’t happen again.’” “This declassification process… is so important,” Ratcliffe continued. “There can be accountability and preventability to prevent the same people that did it in 2016 with the Steele dossier, with the Hunter Biden laptop in 2020, from doing it again in the future.” In short, the hoax that consumed years of Trump’s first presidency may finally be fully exposed—and Hillary Clinton’s role in launching it, with FBI help, will no longer be shielded by redactions or media deflection. Investigative reporter Paul Sperry revealed similar news on X Sunday morning:

Read more …

“I just continue to be fascinated by the people who are still carrying a security clearance. It’s amazing who are still in these agencies,” Nunes said..”

• Intel Board Chairman Wants Security Clearances Revoked, Spies Fired (JTN)

The chairman of the President’s Intelligence Advisory Board says he believes crimes were committed by intelligence and law enforcement officials who relentlessly pursued President Donald Trump over the last decade, and he also wants to make sure that spies who abused their powers are stripped of their security clearances and their jobs. “Look, it’s really simple. There’s lots of criminals here, and it was a grand conspiracy,” former House Intelligence Committee Chairman and current PIAB chief Devin Nunes told Just the News. “Remember, we made, I don’t know, a dozen criminal referrals when I was chairman of the House Intelligence Committee,” he added during an exclusive interview on the Just the News, No Noise television show Thursday night.

Nunes said whether people are prosecuted now will depend on whether the statute of limitations for crimes have expired, or whether those deadlines get extended by the pursuit of a conspiracy case. He said he’s comfortable leaving those decisions to FBI Director Kash Patel and Attorney General Pam Bondi. The former Republican lawmaker from California said he’s focused in his role as the head of the civilian oversight board for U.S. intelligence on making sure that intelligence officers face discipline and consequences, regardless of whether they are prosecuted eventually.

“I just continue to be fascinated by the people who are still carrying a security clearance. It’s amazing who are still in these agencies,” Nunes said. “And I’m just shaking my head like every time I turn around, like, wait, wait, wait, wasn’t that person in that position a Russia hoax person. “All of those people need to get their security clearances pulled, and they should not be working anywhere near law enforcement or intelligence for that matter,” he added. “So it’s one of the things that our board is tasked with.”

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There are plenty of them without immunity. Start there.

• Trump Says Supreme Court’s Immunity Ruling Likely Helps Obama (ET)

President Donald Trump on Friday said that former President Barack Obama likely has immunity following a U.S. Supreme Court ruling in light of a report that was declassified by Director of National Intelligence (DNI) Tulsi Gabbard earlier this month. Gabbard said the documents showed that Obama and his then-Cabinet members “manufactured and politicized intelligence to lay the groundwork for what was essentially a years-long coup against President Trump,” which Obama denied in a statement earlier this week. Gabbard said in a Sunday interview that she referred some Obama-era officials for criminal prosecution to the Department of Justice (DOJ) and the FBI. Trump on Friday was asked by a reporter during a press gaggle at the White House, “How do you think that the Supreme Court’s ruling that benefited you on presidential immunity would apply to former President Barack Obama and what you’re accusing him of doing?”

The question for Trump was referring to the Supreme Court’s 6–3 ruling in 2024 that stated presidents have prosecutorial immunity for official acts within the executive presidential authority that Congress has no jurisdiction over.
“It probably helps him a lot,” Trump said in response, adding that the ruling “doesn’t help the people around him at all. But it probably helps him a lot.” The president said he believed Obama had committed “criminal acts,” but that “he has Immunity,” which he said “probably helps him a lot.” “Obama owes me big” for the Supreme Court ruling, Trump said. Earlier this week, the president said that Obama officials “tried to rig the election, and they got caught, and there should be very severe consequences for that.” Responding to accusations from Gabbard, a spokesperson for Obama reiterated the assertion that Russia attempted to interfere with the 2016 presidential election.

“Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes,” the spokesperson said on July 22.
Obama’s spokesperson also pointed to a 2020 Senate Intelligence Committee report, saying the committee affirmed that Russia worked to influence the election. Earlier this week, Gabbard said, “There is irrefutable evidence that details how President Obama and his national security team directed the creation of an intelligence community assessment that they knew was false.” Among the documents declassified by the DNI is a House Intelligence report dated Sept. 18, 2020, which found that several intelligence reports that suggested Russian President Vladimir Putin aspired to help then-presidential candidate Trump in the months leading up to the 2016 presidential election were “substandard.”

Specifically, three reports published internally by the CIA after the election contained information that was potentially biased, implausible, unclear, or of uncertain origin, the House Intelligence Committee said in the report that was released by Gabbard on Wednesday. “One scant, unclear, and unverifiable fragment of a sentence from one of the substandard reports constitutes the only classified information to suggest Putin ‘aspired’ to help Trump win,” the panel stated. The reports were used as foundational sources for an intelligence community assessment made public in January 2017.

The intelligence community “ignored or selectively quoted reliable intelligence reports that challenged—and in some cases undermined—judgments that Putin sought to elect Trump” and failed to consider plausible alternative explanations, the House report stated. The DOJ on July 23 announced that it was forming a task force following the declassification of the documents. In a statement posted to X, the DOJ said that the task force would “assess the evidence publicized by Director of National Intelligence Tulsi Gabbard and investigate potential next legal steps which might stem from DNI Gabbard’s disclosures.”

Read more …

View from the law professor.

• Declassified Russian Probe Material Shows a Familiar Rogue’s Gallery (Turley)

The release of declassified material has shed new light on the creation of the Russian collusion investigation and many of the names are crushingly familiar. Indeed, Congress is moving to “round up the usual suspects” in light of the new revelations. It is the story of the real Russian conspiracy: how high-ranking officials in the Obama Administration seeded this false claim with the help of an eager, unquestioning press corps. Not surprisingly, the media (which spent years repeating the false Russian collusion claims) is doing a full-court press to kill the story. Yet, many of these key figures are retaining counsel in anticipation of the unfolding investigation. Many previously secured contracts with MSNBC or CNN, or book deals, where they doubled down on the false claims detailed in these new documents. Here are just a few of the usual suspects:

John Brennan, Former Director, Central Intelligence Agency Brennan is arguably the most at risk in the new disclosures, which allegedly contradict his prior testimony before Congress. On May 23, 2017, Brennan testified that the infamous Steele dossier “wasn’t part of the corpus of intelligence information that we had. It was not in any way used as a basis for the Intelligence Community Assessment that was done.” However, the new material shows that Brennan was the key figure insisting on the inclusion of the Steele dossier in an intelligence assessment, suggesting that the Russians did influence the election in favor of Trump.

Brennan not only intervened to include the dossier but overruled the CIA’s two most senior Russia experts, who said it “did not meet even the most basic tradecraft standards.” One analyst recounted how “[Brennan] refused to remove it, and when confronted with the dossier’s main flaws, [Brennan] responded, ‘Yes, but doesn’t it ring true?’” Notably, it was Brennan who briefed Obama in 2016 about Hillary Clinton’s plan to create a Russian conspiracy “to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security service.” Months later, it would be Brennan who would actively incorporate the dossier secretly funded by Clinton’s campaign.

James Clapper, Former Director of National Intelligence James Clapper, former DNI under Obama, is expecting the worst and said that he has “lawyered up.” Clapper was in the briefing in July 2016 when Obama was told that Clinton was planning to create a Russian conspiracy narrative. In November 2016, Clapper received an assessment from the intelligence community that Russia was “probably not trying … to influence the election by using cyber means.” He also received talking points from staff on December 7, 2016, “Foreign adversaries did not use cyberattacks on election infrastructure to alter the US Presidential election outcome.”

On December 9, 2016, another report stated that “Russian and criminal actors did not impact recent US election results by conducting malicious cyber activities against election infrastructure.” That Presidential Daily Brief was scheduled to be published on December 9, 2016, but CDNI Clapper’s office stopped its publication “based on some new guidance.” Clapper later joined Obama with John Brennan, Susan Rice, John Kerry, Loretta Lynch, Andrew McCabe and others, in a meeting where a new assessment was ordered that would detail the “tools Moscow used and actions it took to influence the 2016 election.” Brennan then reportedly handpicked the analysts who seemed to flip the earlier assessments without any credible intelligence.

In a 2018 interview with the Harvard Gazette, Clapper continued to spread the false narrative, referring to the high-confidence judgment that “Putin directly ordered the hacking and election interference.” He added, “I think they [Russians] actually influenced the outcome.” Clapper later added to his tarnished legacy by signing the letter with more than 50 former intelligence officials dismissing the Hunter Biden laptop story before the 2020 presidential election as likely “Russian disinformation.”

James Comey, Former Director of the Federal Bureau of Investigation James Comey would use this contrived intelligence to green-light the investigations that overwhelmed the first Trump term. The FBI was aware early that the Steele dossier was an unreliable political hit job funded by the Clinton campaign. Moreover, the CIA told the FBI that Trump associate Carter Page was a U.S. intelligence asset, not a Russian spy. The FBI ignored such countervailing intelligence, violated protocols, and lied to a federal court to maintain the Russian investigation. In an interview with Fox’s Bret Baier, Comey was asked about the lack of evidence of “Russian collusion.” Comey dismissed the question by saying “collusion’s not a word that I’m familiar with.”

Putting aside the lunacy of that statement, Comey then says the question is whether Americans were “in cahoots with the foreign intelligence activities.” It appears “cahoots” is a word he is familiar with. He then denied knowing, in April 2018, that the Clinton campaign had funded the report. Comey often appears unfamiliar with terms or facts that contradicted his investigation of Trump, even years later. Comey repeatedly testified to a lack of memory on key decisions made in the Russian investigation. However, documents show that it was Comey who pushed back on a planned statement by Clapper, stating that they had not determined the dossier to be reliable.

Andrew McCabe, Former Acting FBI Director Andrew McCabe, now a CNN contributor, was fired after career Justice Department officials found that the former acting FBI director not only lied to investigators but deserved to be fired. That recommendation was reportedly embraced by the career officials in the inspector general’s office. He was accused of lying four times, including twice under oath. Not surprisingly, McCabe makes appearances in the new disclosures. He is not only present at critical meetings, but it also appears that McCabe was allegedly responsible for blocking congressional investigators from interviewing the FBI analysts who supported Brennan and the drafters of the controversial ICA.

Congress alleged that McCabe walled off at least 30 FBI employees associated with the dossier. These and other names are not new. As the media was spreading the false narrative of Russian collusion, many of these figures knew that there was no evidence of such collusion. They said nothing. Instead, after Obama ordered a new assessment, effectively flipping the conclusions of the earlier assessment, anonymous sources leaked the false narrative to the media, which eagerly ran with the story. While leaks of the false narrative were rampant, none of the actual facts were leaked to the media.

In the meantime, figures like Schiff continued to claim, even after the Special Counsel rejected evidence of collusion, that he had secret evidence to the contrary in the House Intelligence Committee. Schiff never revealed that evidence, and the public now knows that the intelligence community rejected the collusion claims from the outset. The public is now learning about the real Russian conspiracy and its key players. It was the most infamous — and successful — political hit job in history. The same media that pushed the false claims are now, again, imposing a news blackout as they did with the Hunter Biden laptop. The problem is that the truth, like water, tends to find a way out. That trickle just turned into a flood for the architects of the Russian collusion hoax.

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“..only Trump and Putin can resolve the conflict. Trump has made no attempt to resolve it. He has passed it off to Zelensky..”

• What Is It With Russia? (Paul Craig Roberts)

The unreality that prevails in Russia is puzzling. It is not just Putin’s inability to comprehend that by refusing to win the conflict after 3.5 years, he has allowed the conflict to widen out of control. Now Putin is faced with all of Europe organizing to support the West’s proxy war against Russia by purchasing US weapons and supplying the weapons to Ukraine. Trump and Germany have signaled that the next widening is to attack Moscow with missiles. Apparently Russians still haven’t learned anything. Ivan Timofeev, the program director of the Valdai Club, says that “We’re close to the war nobody wants but everyone’s preparing for.” He is wrong. Israel wants America at war with Iran. Zelensky wants Europe at war with Russia. The Zionist neoconservatives want more color revolutions to set at war with Russia. The CIA wants to weaken BRICS by setting India and China against one another.

Putin himself has done more to guarantee future conflict by refusing to use sufficient force to end the conflict in Ukraine before it widens out of control. Timofeev actually believes, God help him, that Trump has pushed for peace in Ukraine. How can Trump push for peace when the military/security complex needs the Russian enemy, without which its budget and power are reduced? Trump has not repudiated the Wolfowitz Doctrine of US hegemony. Trump has not met with Putin. As the Ukraine conflict is Washington’s proxy war with Russia, only Trump and Putin can resolve the conflict. Trump has made no attempt to resolve it. He has passed it off to Zelensky, who cannot resolve it, because it is Washington’s war.

The Western world has not heard a word that Putin has said. Putin said, repeatedly, that the war cannot be resolved unless it deals with the root cause, which is the absence of a mutual security agreement. The West has made it perfectly clear that it does not want a mutual security agreement with Russia. What else explains Washington’s use of the conflict to expand NATO into Finland and Sweden, to militarize Moldavia, to stir up trouble in Soviet Central Asia against Russia? It is extraordinary that one never sees, with the exception of Sputnik journalist Ekaterina Blinova, any intelligent analysis from a Russian commentator available in English. No doubt there is Russian discussion that is kept from us.

Another example of Kremlin insouciance is the announcement last Friday by Kremlin spokesman Dmitry Peskov: “The only way to resolve the Middle East conflict is through the creation of a Palestinian state alongside Israel.” Here we have again the “two-state solution” that has been the cover since 1947 for Israel’s theft of Palestine. Every year Israel steals a little more of Palestine, and the complicit West says “the two-state solution.” The Kremlin is still saying it when there is not a building standing in Gaza and an Israeli government minister has declared the Israeli parliament has in effect annexed the tiny remnants of the West Bank. Trump has already claimed Gaza, so where is Palestine? It is a county that no longer exists. America and Israel have wiped it off the planet.

The Israeli government declaration reads: “the creation of a Palestinian state poses a Mortal danger to Israel’s existence. The Knesset declares that the State of Israel has the natural, historical, and legal right to all parts of the Land of Israel.” In other words, Palestine doesn’t exist. In the face of this unequivocal statement by the Israeli government the Kremlin says the solution is a two-state solution. What more do you need to see that Russia is disconnected from reality, has no comprehension of what is happening, and by failing to exercise a leadership role has committed the world to Third War Three.

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“This raid reeks – and it smells like gangsterism, not democracy.”

• ‘Corrupt’ Ukraine Cannot Be Trusted – Former Trump Advisor (RT)

Kiev’s recent crackdown on anti-corruption agencies is yet more proof that Ukrainian leaders are leaning towards authoritarianism and “cannot be trusted,” Steve Cortes, a former advisor to US President Donald Trump, has said. Earlier this month, Ukraine’s Vladimir Zelensky moved to place the National Anti-Corruption Bureau (NABU) and the Special Anti-Corruption Prosecutor’s Office (SAPO) under executive oversight – which would essentially strip them of any independence – while claiming the agencies were under Russian influence. The move, however, prompted mass protests at home and Western criticism, with EU officials warning that they could reconsider further aid to Kiev. In an op-ed for Newsweek on Friday, Cortes, who is now the president of the League of American Workers advocacy group, described the crackdown as “an extra-judicial attack on decency.”

“This raid reeks – and it smells like gangsterism, not democracy.” The move by Zelensky, reportedly backed by his chief of staff, Andrey Yermak – whom Cortes described as “co-president” – shows that they “act in very authoritarian ways themselves – and increasingly reveal to the world that they are not transparent, reliable partners for the United States.” Cortes went on to accuse Kiev of entrenched high-level corruption and argued that continued US aid is unjustified. “It is no wonder that Americans increasingly realize that sending $175 billion of borrowed money to corrupt leaders in Ukraine is just not sound policy,” he wrote. “Sending mountains of borrowed funds to kleptocrats actually harms America’s national security, all while making our country poorer,” he said while urging Americans to stop lionizing Zelensky and comprehend the reality of Ukraine’s corruption.

The American people have been unbelievably generous, but our patience is wearing thin… In this case, given the latest tactics and optics of the Zelensky/Yermak regime, it becomes ever clearer that these counterparts cannot be trusted. Following domestic and international backlash, Zelensky backpedaled on the crackdown, proposing that the independence of Ukraine’s anti-graft institutions be restored. Meanwhile, Russian Foreign Ministry spokeswoman Maria Zakharova suggested that neither NABU nor SAPO is really fighting corruption but rather are used by Kiev’s backers as tools “to control the flow of money coming to Ukraine from the West.”

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That seems to be a hopeful first. Then again, if the total is $100 billion…

• EU Slashes $1.7bn In Aid To Ukraine Over Corruption Concerns (ZH)

Have we reached the beginning of the end for Zelensky? Does this spell game-over and victory for Putin and Russia? The following is a very rare admission from the hard news pages of The New York Times: “James Wasserstrom, an American anticorruption expert, said in an interview that “the luster is definitely coming off” Mr. Zelensky’s wartime leadership among governments providing financial assistance. He added, “There is exasperation at Zelensky in the donor community.” Early last week, there were unexpected images coming from Kiev of the largest demonstrations against the Ukrainian government since Russia invaded more than three years ago, as more than 2,000 people gathered near the president’s office, shouting “shame” and “veto the law,” after President Zelensky signed a law gutting the country’s anti-corruption agency.

This was enough to get the attention of Kiev’s biggest donors, and days later on Friday the European Union announced it would suspend part of a €4.5 billion fund tied to good governance standards, with the NY Times reporting that the bloc has frozen €1.5 billion (about $1.7 billion) in financial aid to Ukraine over concerns about corruption and delays in key reforms. The decision is said to not be ‘final’ yet, and on Sunday President Zelensky held a crucial call with President of the European Commission Ursula von der Leyen. His office confirmed they discussed Ukraine’s anti-corruption system (…or we should say lack thereof). What is tantamount to EU sanctions being on the table would impact access to the funding, dependent on Ukraine meeting specific reform requirements known as “progress benchmarks.”

One critical unmet benchmark is the appointment of judges to the High Anti-Corruption Court, which is supposed to be an independent judiciary apparatus given the power to spotlight and battle elite corruption. The EU has also raised concerns about a lack of transparency and slow progress in the area of judicial reforms. This rare backlash from close allies with the deepest pocketbooks marks a huge blow to Zelensky – who has also kept himself in power way past his term mandate (citing the war with Russia) – after he pushed legislation through the Verkhovna Rada seen as greatly underminng the independence of two key anti-corruption bodies: the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO).

Critics have increasingly highlighted that these actions have come in unison with other martial law policies during the war, including the silencing of journalists, civil society activists, the suppression of the Russian language, the persecution of the Orthodox Church, as well as the wholesale banning of opposition parties. The New York Times comments as follows: “The two agencies — the National Anticorruption Bureau of Ukraine and the Specialized Anticorruption Prosecutor’s Office — had been investigating top ministers in the Zelensky government. The president’s decision to kneecap them, though reversed, prompted accusations of cronyism that jeopardized backing from civil society groups at home and Western nations bankrolling the war.

The European Union established this aid mechanism, the Ukraine Facility, last year and promised 50 billion euros over three years for repairing war damage and preparing the country for E.U. accession. The European Commission spokesman, Guillaume Mercier, told journalists in Brussels on Friday that Ukraine had requested a disbursement in June despite falling short on three of 16 benchmarks, including failing to make appointments to a specialized anticorruption court.”

Further, the report noted “That court tries cases brought by the two agencies whose independence Mr. Zelensky threatened this week.” Even British prime minister Kier Starmer has reportedly phoned Zelensky’s office this past week to discuss his latest moves regarding corruption investigations. And when you’ve potentially lost the Brits and Europeans, your wartime star power has most definitely faded. President Putin and Kremlin officials are sure to seize on the anti-Zelensky momentum diplomatically, as they engage Trump officials behind the scenes as part of ongoing bilateral talks. Trump has of course never been a close friend of “the world’s greatest salesman” Zelensky – and could be ready to dump him especially if the mood turns drastically in Europe.

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Yes, you can make it confusing. Yes, in some places 8 is the age of consent.

• The Epstein Saga: What It Is Really About (Paul Craig Roberts)

We have to decide whether the Epstein story is child rape or Mossad blackmail. If “child” is defined as under the statutory age of female sexual consent, in the US depending on the state, a child is a female under 16 years of age, under 17 years of age, or under 18 years of age. In New York the age of female consent is 17. In Hawaii it is 16. Hawaii has a “close-in-age” exception that allows 14 year olds to consent with those up to 21 years in age. In Hawaii the goal seems to be not to prevent underaged females from sexual intercourse but to prevent overaged males (over 21) from sex with females declared underaged for them but not for younger men. There is an element here of age discrimination. In the Philippines the age of female consent is 12. In Germany the requirement is for a female to be 14 years old in order for a sexual relationship with a male over 18 to be legal.

In Mexico the age of consent is 15. In Russia it is 16. It Japan it is 13 but is being raised to 16. In England it is 16. In Italy and China the age of consent is 14. In Denmark and Poland it is 15. In Saudi Arabia sex is only legal within marriage. The legal age for marriage for males is 18, for females 16. In the 1950s the age of consent in the state of Georgia was 14. In Delaware in the late 19th century it was 7, yes 7, not a typo. During the 1880s the age of consent in many US states varied between 10 and 12. Whatever the varying legislated age, if the information provided me is correct that some mothers have 12 year old daughters on birth control pills, the de facto age of female sexual consent in the US is 12.

Was Virginia Giuffre a child? If she is American it depends on her state of residence. If she is British, Australian or a New York resident, she is not a child. There was no child rape of Virginia Giuffre for which she collected three million pounds according to reports. Normally we think of a child as before puberty. I don’t know if Epstein had such young kids as sex bait for his entrapment scheme. If so, it would seem to involve kidnapping in addition to illegal underage sex. Would the prominent Jewish billionaires, who Ryan Dawson says was Mossad’s way of directing funds to Epstein, put themselves at risk by being complicit in kidnapping and underage sex? Why would they when there are volunteers attracted to influential men just as groupies are attracted to rock stars.

Young women are not what they formerly were. It is a fact that many young women have porn sites on which they proudly demonstrate themselves in sexual activity that not long ago would have been regarded as depraved. Some of them compete in having the largest number of sexual partners in a 24 hour time period. One has a goal of 1,000 sexual partners in 24 hours, which with no breaks for food, water, or toilet, comes to about 80 seconds per partner. It has become a matter of pride to achieve sexual penetration by 1,000 strangers in 24 hours. According to reports, young women in Internet chat brag about having had 150 sexual partners. True or false, it shows they are not shamed by their behavior whether claimed or real. What I have reported are facts, not a brief for pedophilia. Use the facts to decide whether the Epstein Saga is one of child sex-trafficking or one of a Mossad honey-trap for blackmail purposes to ensure US policy in the Middle East conforms to Israel’s.

Sex-trafficking of children in the US is far more extensive than Epstein’s operation. Principally, the sex-trafficking of illegal alien children. Many were separated from their parents, and if reports are correct tens of thousands, or is it hundreds of thousands, of them have been “lost.” US authorities don’t know where they are. Another source was the seizure of children by Child Protective Services, many of whom allegedly ended up in child prostitution. As far as I know, nothing has been done to find and to rescue these children. As a final suggestion, consider whether the purpose of the hullabaloo over Epstein’s sex-trafficking is to focus attention off the Israeli spy operation that has succeeded in destroying an independent American Middle East policy and five Muslim countries regarded as obstacles to Greater Israel.

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“Anyone who expresses critical views on war preparations must apparently expect house searches…”

” In the latest Yougov poll, the [..] CDU lost 3.5 percent of the vote, while the AfD has jumped 4.2 points.”

• German Police Raid AfD MEP’s Property For The 22nd Time (RMX)

German police have raided Alternative for Germany (AfD) MEP Petr Bystron’s property for the 22nd time, using the pretext of his connection to the defunct Voice of Europe website, which was run by a man exiled from Ukraine. The house raid came while Bystron was in Washington D.C., meeting with Trump officials, including congressmen and allies of President Donald Trump and Vice President J.D. Vance. On early Tuesday morning, German police searched an older warehouse where Bystron conducted business a decade ago. “This is targeted terror against the opposition,” Bystron said in a press release. “There is no other way to classify the absurd behavior of the authorities.” Bystron was the target of Czech intelligence services last year, who decided to release a variety of allegations surrounding their investigation at a rather opportune time—right before EU parliamentary elections.

The raid against Voice of Europe (VoE) and the accusations against Bystron, which Remix News covered, was widely seen as damaging the AfD’s reputation before voters headed to the polls. Notably, Czech intelligence claimed to have voice recordings that revealed Bystron was involved with a scheme to provide politicians with money in exchange for conducting interviews with the outlet VoE. The Czech authorities have never made the recording of Bystron public despite demands from the AfD to release it. Nobody has ever been charged to date in connection with the allegations, including Bystron himself. Bystron, however, was the only name that was released in connection with the case, although authorities claimed six European politicians received money from VoE.

The raid against Bystron may be seen as especially provocative as it was conducted at a time when Bystron was out of the country and meeting with Trump officials and congressmen. He is seen as the AfD party’s key bridge to American policymakers and is known for his connections to the Republican Party. Bystron himself said that despite his properties being raided 21 times, the police have not turned up any incriminating information against him. He also said that the police have even raided his elderly mother’s room in her retirement home and took testimony from her, despite her having been officially declared by the court as a dementia patient. “Every single one of these 22 searches was illegal. Each one marks a step away from a democratic constitutional state and toward an authoritarian regime that seeks to silence dissent by any means necessary,” Bystron told the Gateway Pundit.

Notably, the house raid of Bystron also occurred on the same day that a top German court in Leipzig rejected a significant AfD’s appeal. The party was working to overturn its current designation as a “suspected extremist” party by the powerful domestic spy agency, the Office for the Protection of the Constitution (BfV). With all appeals now exhausted, this means the BfV can conduct extraordinary surveillance on the AfD, including targeting members with wiretaps, reading their chats and emails, and using informants to infiltrate the party. A number of prominent commentators on the German right have already highlighted the case on X, with Naomi Seibt stating: “They are spitting in the face of J.D. Vance.”

Other news outlets have also met the news of the incredible number of house searches targeting the AfD MEP with concern about Germany’s quickly evolving totalitarian methods for dealing with dissent. “Anyone who expresses critical views on war preparations must apparently expect house searches,” said a reporter from AUF1 in a video post shared by Bystron himself. Pressure has grown on the German government over the incredible growth of the AfD. In the latest Yougov poll, the party is tied for first place with the CDU, with 25 percent of the vote. The CDU lost 3.5 percent of the vote, while the AfD has jumped 4.2 points.

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Arno

Piers

Bleach

Blue

Baby owls

 

 

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

 

 

 

 

 

Debt Rattle September 4 2024

Sep 042024
 
 September 4, 2024  Posted by at 8:27 am Finance Tagged with: , , , , , , , ,  64 Responses »


René Magritte Memory of a Journey 1955

 

• Musk ‘Can’t Wait’ To Be Part Of Trump’s Team (RT)
• Robert Reich Calls for Arrest of Elon Musk for Resisting Censorship (Turley)
• Musk Threatens To Go After Brazilian Government Assets (RT)
• Brazilians to be Fined $9000 a Day for Receiving News from X (Turley)
• Why Did Zuckerberg Choose Now to Confess? (Tucker)
• Can They Really Reinvent Kamala Harris in 70 Days? (Victor Davis Hanson)
• Harris’ So-Called ‘Surge’ Is Thanks To Oversampling: Pollsters (ZH)
• Kamala Harris Will Not Bring Prices Down. Her Plan Needs Inflation (Lacalle)
• Durov ‘Too Free’ For The West – Lavrov (RT)
• ‘Developing in All Directions’: Putin Praises Russia-Mongolia Relations (Sp.)
• Mongolia Told ICC To Get Lost With Putin Warrant – Medvedev (RT)
• Mongolia Explains Why It Didn’t Arrest Putin (RT)
• Serious International Crimes to Be Brought to Justice – Moscow (Sp.)
• Netanyahu Refuses Surrender to Israeli Protesters Demanding Hostage Deal (Sp.)
• Epstein Client List ‘Will Be’ Made Public – Trump (RT)

 

 

 

 

 

 

Reagan

 

 

51 days

 

 

Kash Patel
https://twitter.com/i/status/1830814009420918825

 

 

Sen. Kennedy

 

 

Kamala ad

 

 

But nobody knows Kamala

 

 

O’Leary CNN
https://twitter.com/i/status/1830841829987860546

 

 

Tucker WWII

 

 

 

 

“There is a lot of waste and needless regulation in government that needs to go..”

• Musk ‘Can’t Wait’ To Be Part Of Trump’s Team (RT)

Tesla and SpaceX CEO Elon Musk has said he is eager to join Donald Trump’s team if he wins the presidential election in November. According to the Washington Post, Trump is planning to establish a special commission to review the work of federal agencies and is considering Musk for a role on this team. The outlet reported on Monday that the former president and his team had been discussing the initiative behind closed doors in recent weeks. The commission would reportedly be led by prominent business executives, whose task would be to “comb through the government books to identify thousands of programs to cut,” according to the Washington Post.

While Trump has previously dismissed the idea of having Musk join his cabinet due to his sprawling business empire, he said the tech tycoon was a “very smart guy” and could be a helpful consultant to the federal government and provide “some very good ideas.” Trump has also praised Musk for the cost-cutting measures that he implemented after acquiring Twitter (now X) in 2022. Following the takeover, Musk infamously laid off some 6,000 workers, or nearly 80% of the platform’s workforce. Responding to the Washington Post’s claims that he is being considered for the auditing commission, Musk wrote on X on Tuesday that he “can’t wait.” “There is a lot of waste and needless regulation in government that needs to go,” the billionaire said.

Previously, Musk has written that he is “fully” endorsing Trump in the upcoming election and that he is “willing to serve” under the former president if he secures a second term in office. In a post on X last month, the billionaire also shared an AI-generated image of himself standing behind a lectern labeled ‘Department of Government Efficiency’ with the acronym DOGE, referring to the meme-based DOGE coin cryptocurrency, which Musk has personally backed in the past. Last week, Musk also warned that the US was on a “fast lane to bankruptcy” due to government overspending, saying that this is causing rampant inflation in the country. The billionaire also shared a forecast suggesting that the US budget deficit could increase from $1.8 trillion to almost $16.3 trillion over the next ten years at the current rate of spending.

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“..despite their critical role in various national security efforts, including the possible rescue of the stranded two astronauts currently in space. None of that matters to Reich..”

• Robert Reich Calls for Arrest of Elon Musk for Resisting Censorship (Turley)

We have previously discussed the anti-free speech views of Clinton’s former Labor Secretary, Robert Reich, who has tried to sell citizens on the perfectly Orwellian view that more freedom means tyranny when it comes to the freedom of expression. He also demanded that former president Donald Trump be banned from ballots as a “traitor” — all in the name of protecting democracy from itself. Last week, Reich wrote a column declaring Elon Musk “out of control” in his refusal to censor citizens and appeared to call for his arrest. Reich has long been a prominent voice in the anti-free speech movement discussed in my recent book, The Indispensable Right: Free Speech in an Age of Rage. Indeed, he has given a voice to the rage in calling for others to be silenced or arrested. Elon Musk has long been the primary target of Reich and his allies after dismantling the censorship system at Twitter, now X.

Reich called Musk’s purchase of Twitter with a pledge to reduce censorship to be “dangerous nonsense.” Notably, Reich’s friend, Hillary Clinton, was one of the first to call for a crackdown on Musk after his purchase of Twitter. Hillary Clinton and other Democratic figures turned to Europe and called upon them to use their Digital Services Act to force censorship against Americans. Reich has always shown a chilling fluidity in how free speech is protected and argued that public interest should be able to trump the right of any citizens in espousing views that he believes are dangerous. In denouncing Musk, Reich encouraged a campaign to counter his efforts to resist censorship. He wrote that Musk “may be the richest man in the world. He may own one of the world’s most influential social media platforms. But that doesn’t mean we’re powerless to stop him.”

Like Hillary Clinton, Reich is calling on foreign governments and censors to silence American citizens including Musk: “Regulators around the world should threaten Musk with arrest if he doesn’t stop disseminating lies and hate on X.” He even appears willing to undermine national security programs to stop unfettered free speech. He called for the U.S. government to cut off contracts with his companies despite their critical role in various national security efforts, including the possible rescue of the stranded two astronauts currently in space. None of that matters to Reich who appears to view free speech as a greater threat to our nation: “Why is the US government allowing Musk’s satellites and rocket launchers to become crucial to the nation’s security when he’s shown utter disregard for the public interest?

Why give Musk more economic power when he repeatedly abuses it and demonstrates contempt for the public good?” Reich’s call to regulate speech in the public interest is the Siren’s Call of every authoritarian regime in history. He will presumably tell us what speech is no longer tolerable for public policy reasons. Our “Indispensable Right” will, according to Reich, be safely in the hands of the European censors who can protect us from errant and dangerous thoughts. As he explained earlier, “the kinds of things that we do about this is, focus less on thinking about free speech, but thinking about how the times have changed.” In this way, speech regulations can keep us “moving towards how we recommend content and … how we direct people’s attention is leading to a healthy public conversation that is most participatory.” The “healthy public conversation” with Robert Reich increasingly appears to be his talking and the rest of us listening.

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“Unless the Brazilian government returns the illegally seized property of X and SpaceX..”

• Musk Threatens To Go After Brazilian Government Assets (RT)

Tech mogul Elon Musk has vowed to seek the seizure Brazilian government assets in the US, if Brazil does not return property belonging to his companies X (formerly Twitter) and Space X. Last week, the Supreme Court of Brazil ordered the operations of X to be “immediately suspended” and threatened a fine of 50,000 Brazilian reals ($8,874) per day against anyone trying to sidestep the ban on accessing the platform using a VPN. The judge gave Google and Apple five days to remove X from their app stores. The ruling was upheld Monday by a panel of federal supreme court justices. The court also froze the accounts of satellite internet provider Starlink, a subsidiary of Musk’s SpaceX, to ensure the payment of fines imposed for failing to appoint a new legal representative for X in Brazil.

“Unless the Brazilian government returns the illegally seized property of X and SpaceX, we will seek reciprocal seizure of government assets too,” Musk wrote on his social media platform. “Hope Lula enjoys flying commercial,” the billionaire added, referring to Brazilian President Luis Ignacio Lula da Silva. Musk was responding to a tweet of a news report about the US government’s confiscation of a jet allegedly used by Venezuelan President Nicolas Maduro, claiming it violated Washington’s sanctions against Caracas. The fierce dispute between the Brazilian authorities and the US entrepreneur began in April, when Brazilian Supreme Court judge Alexandre de Moraes ordered X to delete the accounts belonging to several supporters of former President Jair Bolsonaro, calling them “digital militants” who spread “disinformation” about himself and the court.

The billionaire rejected the demand, highlighting that to comply with the order would violate Brazilian laws. Musk announced plans to suspend operations in the country, citing what he called censorship orders that his company refused to comply with. Commenting on the seizure of Starlink’s accounts, Musk objected to the “absolutely illegal action” taken without any due process, pointing out that X and SpaceX are “two completely different companies with different shareholders.” He also pledged to provide free internet access to the company’s Brazilian customers while the accounts remain blocked. On Monday, Reuters reported a senior state official as saying that Brazilian telecommunications regulator Anatel could introduce sanctions against Starlink, which is currently the only company that refused to comply with the ruling to shut down X. Anatel has warned that the company’s license for operating in the country could be revoked.

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Brazil’s no. 1 news source.

• Brazilians to be Fined $9000 a Day for Receiving News from X (Turley)

Brazil has not just banned X (formerly Twitter) from the entire country, but citizens will now be fined $9000 a day (more than the average salary in the country) for using VPNs to access the platform. X is the main source of news for Brazilians, who will now be left with government-approved sources or face financial ruin in seeking unfettered information. The Guardian is reporting that the confiscatory fines are part of a comprehensive crackdown on efforts to get news through X, including ordering all Apple stores to remove X from new phones. The move puts Brazil with China in the effort to create a wall of censorship between citizens and unregulated information. For the anti-free speech movement, Brazil is a key testing ground for where the movement is heading next. European censors are arresting CEOs like Pavel Durov while threatening Elon Musk.

However, it is Brazil that foreshadows the brave new world of censorship where entire nations will block access to sites committed to free speech values or unfettered news. If successful, the Brazilian model is likely to be replicated by other countries. The reason is that censorship is not working. As discussed in my book “The Indispensable Right: Free Speech in an Age of Rage,” we have never seen the current alliance of government, corporate, academic, and media interest against free speech. Yet, citizens are not buying it. Despite unrelenting attacks and demonizing media coverage, citizens are still using X and resisting censorship. That was certainly the case in Brazil where citizens preferred X to regulated news sources. The solution is now to threaten citizens with utter ruin if they seek unfettered news.

The question is whether Brazil’s leftist government can get away with this. The conflict began with demands to censor supporters of the conservative former president Jair Bolsonaro. When X refused the sweeping demands for censorship, including the demand to name of a legal representative who could be arrested for refusing to censor users, the courts moved toward this national ban. The man behind the effort is Justice Alexandre de Moraes, who has aggressively used censorship to combat anything that he or the government deems “fake news” or disinformation. With socialist president Luiz Inácio Lula da Silva, they are the dream team of the anti-free speech movement. The question is whether Brazil will become a nightmare for free speech around the world as other nations seek to force citizens to read and hear news from approved, state-monitored sites.

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Because he thinks Trump will win.

• Why Did Zuckerberg Choose Now to Confess? (Tucker)

On many subjects important to public life today, vast numbers of people know the truth, and yet the official channels of information sharing are reluctant to admit it. The Fed admits no fault in inflation and neither do most members of Congress. The food companies don’t admit the harm of the mainstream American diet. The pharmaceutical companies are loath to admit any injury. Media companies deny any bias. So on it goes. And yet everyone else does know, already and more and more so. This is why the admission of Facebook’s Mark Zuckerberg was so startling. It’s not what he admitted. We already knew what he revealed. What’s new is that he admitted it. We are simply used to living in a world swimming in lies. It rattles us when a major figure tells us what is true or even partially or slightly true. We almost cannot believe it, and we wonder what the motivation might be.

In his letter to Congressional investigators, he flat-out said what everyone else has been saying for years now. “In 2021, senior officials from the Biden Administration, including the White House, repeatedly pressured our teams for months to censor certain COVID-19 content, including humor and satire, and expressed a lot of frustration with our teams when we didn’t agree….I believe the government pressure was wrong, and I regret that we were not more outspoken about it. I also think we made some choices that, with the benefit of hindsight and new information, we wouldn’t make today. Like I said to our teams at the time, I feel strongly that we should not compromise our content standards due to pressure from any Administration in either direction – and we’re ready to push back if something like this happens again.”

A few clarifications. The censorship began much earlier than that, from March 2020 at the very least if not earlier. We all experienced it, almost immediately following lockdowns. After a few weeks, using that platform to get the word out proved impossible. Facebook once made a mistake and let my piece on Woodstock and the 1969 flu go through but they would never make that mistake again. For the most part, every single opponent of the terrible policies was deplatformed at all levels. The implications are far more significant than the bloodless letter of Zuckerberg suggests. People consistently underestimate the power that Facebook has over the public mind. This was especially true in the 2020 and 2022 election cycles. The difference in having an article unthrottled much less amplified by Facebook in these years was in the millionfold. When my article went through, I experienced a level of traffic that I had never seen in my career. It was mind-boggling.

When the article was shut down some two weeks later – after focused troll accounts alerted Facebook that the algorithms had made a mistake – traffic fell to the usual trickle. Again, in my entire career of closely following internet traffic patterns, I had never seen anything like this. Facebook as an information source offers power like we’ve never seen before, especially because so many people, especially among the voting public, believe that the information they are seeing is from their friends and family and sources they trust. The experience of Facebook and other platforms framed the reality that people believed existed outside of themselves. Every dissident, and every normal person who had some sense that something odd was going on, was made to feel like some sort of crazy cretin who held nutty and probably dangerous views that were completely out of touch with the mainstream.

What does it mean that Zuckerberg now openly admits that he excluded from view anything that contradicted government wishes? It means that any opinions on lockdowns, masks, or vaccine mandates – and all that is associated with that including church and school closures plus vaccine harms – were not part of the public debate. We had lived through and were living through the most significant far-reaching attacks on our rights and liberties in our lifetimes, or, arguably, on the history record in terms of scale and reach, and it was not part of any serious public debate. Zuckerberg played an enormous role in this. People like me had come to believe that average people were simply cowards or stupid not to object. Now we know that this might not have been true at all! The people who objected were simply silenced!

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“Harris is not so much a flip-flopper as a padder, who supports anything, without any worry about framing each new position by renouncing her original and opposite one.”

• Can They Really Reinvent Kamala Harris in 70 Days? (Victor Davis Hanson)

Harris’s well-funded 2019 campaign quickly blew up early. Indeed, she never entered much less won a single primary–and captured no delegates through voting. In the frenzy following George Floyd’s death, and the mayhem and nationwide rioting and violence of late spring and summer, panicked 2020 nominee Joe Biden announced in advance he would select a diversity candidate as a running mate. And in no time, and under increasing pressure to trump his braggadocious promise, he boxed himself in by assuring his handlers that his running mate would be preselected as a black woman. Given there were then no black female governors and only two black women in the Senate, Kamala Harris was a choice of last resort—even though, as a candidate and competitor of Joe Biden, she had condemned him before a nationwide audience as a veritable racist who had habitually cozied up to segregationists.

When she labels her own running mate a racist it becomes hard to take her charges of racism against Trump seriously. As vice president, Harris predictably proved inept. In a variety of tasks as “border czar” and point woman on space exploration, she proved not merely clueless but embarrassingly so—sappy, cackling, and variously labeled by ex-staff and Democratic insiders as “out of her league” and “way over her head.” Her chief role was to break a sometimes 50/50 deadlocked Senate and therefore, in every one of those votes, owns the passage of hard-left legislation that often turned disastrous. As Biden’s cognitive decline accelerated at a geometric rate, a widely derided Harris was seen by the Bidens as Joe’s Spiro Agnew insurance policy: a vice president so bumbling and unimaginable as a future president that if Biden only breathed, he would be still judged preferable to the travesty of a Harris succession.

Biden utterly imploded on June 13 during a stress-test national debate. His collapse ended the 42-month-long charade that he was “fit as a fiddle.” In 24 hours, Biden was transmogrified by his handlers from an Arnold Schwarzenegger-like health nut to physically and mentally unable to continue as the Democratic nominee. Left unsaid was that his diving polls, not his debility, doomed Biden. Otherwise, he would have survived his latest public humiliation had his approval ratings been respectable. Harris’s race, gender, and status as vice president made it impossible not to anoint her as the new Democratic candidate.

Her machinations to preempt any challengers were achieved almost instantaneously in the same anti-democratic fashion as the removal of Biden himself from the ticket. In the way of the current Democrats, whatever the billionaire donor class and the DEI apparat decide is reified almost instantly by fiat. We now suffer a zombie presidency for the next five months. Biden’s own party insists that he is too enfeebled to campaign as a nominee but not too demented to serve as president. Weirder still, a presidential candidate, who has never in her life won a primary and just days ago was written off by her own party as linguistically challenged, is being reinvented in 70 days as the second coming of Barack Obama.

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Is this how Hillary got that 97% likelihood to win in 2016?

• Harris’ So-Called ‘Surge’ Is Thanks To Oversampling: Pollsters (ZH)

As we’ve been highlighting since 2016, polls are not to be trusted thanks to various ‘tricks of the trade’ – most commonly, oversampling. Last month we noted how the founder of the main outside spending group backing Kamala Harris for president says their own internal opinion polling is “much less rosy” than public polls. “Our numbers are much less rosy than what you’re seeing in the public,” said Future Forward super PAC president Chauncey McLean said during a Monday event hosted by the University of Chicago Institute of Politics. Now, the Washington Times reports that some pollsters are even sounding the alarm over Vice President Kamala Harris’ so-called ‘surge’ in the polls – which Harris pulled ahead in after replacing President Joe Biden as the Democratic nominee on July 21.

Since the switch, Harris is leading Trump nationally by nearly 2 percentage points and is either leading or tied with him in all seven battleground states. However, Republican analysts argue that these polling numbers may not accurately reflect voter sentiment due to biased polling methodology. Critics point out that many polls have been sampling a disproportionately smaller share of Republican voters compared to exit poll data from the 2020 presidential election. The result, they say, is a misleading “phantom advantage” for Ms. Harris. According to them, this skewed sampling could be a strategic move to boost enthusiasm and fundraising for Ms. Harris’ campaign. Trump campaign strategist Jim McLaughlin echoed this sentiment, stating, “They undersample Republicans” intentionally “to tamp down support and donations for Trump.” He added that the polls are part of a larger effort to create a narrative that favors Harris.

Trump has openly criticized the poll results. “It’s fake news,” Trump declared during a rally in Michigan. “They can make those polls sing.” Harris’ recent poll numbers have indeed helped fuel excitement among her supporters, as evidenced by her campaign’s announcement of a $540 million fundraising haul in July, more than four times what Mr. Trump raised in the same period. Still, the growing skepticism over the legitimacy of the polls has prompted some to question whether the surge in support is as real as it appears.

Recent polls that show a Harris lead, such as the Suffolk University/USA Today poll, included more respondents identifying as Democrats (37.1%) than Republicans (33.8%). The poll found Ms. Harris leading Trump by 5 percentage points, a significant turnaround from earlier in the year when Trump was ahead by 4 points vs. Biden. Similarly, a Yahoo News/YouGov poll released on August 27 found Ms. Harris ahead of Mr. Trump by 1 percentage point, with Democrats making up 33% of respondents compared to only 29% for Republicans. The discrepancy in party sampling is causing concern among poll watchers. Data from the 2020 exit polls showed a nearly equal split, with 36% identifying as Republican and 37% as Democrat. Yet, recent polls seem to favor Democrats disproportionately, leading to claims of deliberate skewing.

Mr. Trump’s pollster, Tony Fabrizio, has argued that these polls are designed to suppress support for Mr. Trump. In a memo, he stated, “Once again, we see a series of public surveys released with the clear intent and purpose of depressing support for President Trump.” Pollsters like Don Levy of the New York Times/Siena Poll counter that these claims lack substance. They argue that any gaps between recalled 2020 vote and actual 2020 results are not evidence of intentional bias but may reflect the complexity of polling dynamics, including response bias where Democrats are more likely to participate in polls. Despite these excuses, the controversy surrounding these polls has left many wondering about the true state of the race. Polling analysis site FiveThirtyEight shows Ms. Harris’ approval rating ticking up to 42.3%, up from 37.1% in early July. Yet, doubts persist over how she has managed to rise in the polls without significantly improving her historically low job approval ratings.

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“Inflation is the way in which the government tricks citizens into believing that administrations can provide for anything..”

• Kamala Harris Will Not Bring Prices Down. Her Plan Needs Inflation (Lacalle)

In a recent interview with CNN, Kamala Harris said that Bidenomics is working and that she is “proud of bringing inflation down.” However, the Bureau of Labor Statistics published the latest CPI at 2.9%, despite annual inflation being 1.4% when she took office. Inflation is a disguised tax and accumulated inflation since January 2021, when the Biden-Harris administration started, has increased more than 20%. Of course, Democrats blame inflation on the war, the pandemic, and the science-fantasy concept of “supply chain disruptions.” No one believed it, because most commodities have declined and supply tensions disappeared back to normality, but prices continued to rise. As a result, Harris invented the concept of greedy grocery stores and evil corporations to blame for inflation and justify price controls.

Is it not ironic? She blames grocery stores and corporations for inflation, but when price inflation drops, she proudly takes credit. The reality is that the Kamala Harris plan, like all interventionist governments, creates and strives for inflation. Inflation is a hidden tax. Governments love it and perpetuate it by printing money through deficit spending and imposing regulations that harm trade, competition, and technological creative destruction. Big government is big inflation. Inflation is the way in which the government tricks citizens into believing that administrations can provide for anything. It disguises the accumulated debt, quietly transfers wealth from the private sector to the government and condemns citizens to being dependent hostages of government subsidies. It is the only way in which they can continue to spend a constantly depreciated currency and present themselves as the solution.

Furthermore, it is the perfect excuse to blame businesses and anyone else who sells in the currency that the government creates. Kamala Harris will do nothing to cut inflation because she wants inflation to disguise the monster deficit and debt accumulation. In the latest figures, the deficit has soared to $1.5 trillion in the first ten months of the fiscal year. Public debt has soared to $35 trillion, and in the administration’s own forecasts, they will add a $16.3 trillion deficit from 2025 to 2034. It is worse. The previously mentioned figure does not include the $2 trillion in additional debt coming from Kamala’s economic plan.

Harris is aware that her proposals to impose an unrealized capital gains tax, an economic aberration, and other tax hikes will not generate the $2 trillion in additional taxes she seeks. So, she needs the Fed to monetize as much as possible, eroding the US dollar’s purchasing power and making all Americans poorer in the process, only to blame corporations and grocery stores later. Furthermore, it is a way to present the government as the solution to the problem they create, promising the lunacy of price controls and enormous subsidies in a constantly depreciated currency.

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“..too slow [to react to] or did not listen at all to Western advice about the so-called moderation of his brainchild..”

• Durov ‘Too Free’ For The West – Lavrov (RT)

Telegram CEO Pavel Durov is facing charges in France because he refused to moderate his platform in accordance with Western demands, Russian Foreign Minister Sergey Lavrov has claimed. Durov was arrested after landing in Paris in late August and charged with multiple offenses, including complicity in “administering an online platform” used by criminal groups to conduct illicit activities, and refusing to cooperate with investigators. The Russian tech entrepreneur, who also has citizenship of France, the UAE, and Saint Kitts and Nevis, was released on €5 million ($5.55 million) bail last week. He is banned from leaving the country while the case against him is ongoing. During a meeting with students and educators at the Moscow State Institute of International Relations on Monday, Lavrov suggested that Durov is being persecuted because he “turned out to be too free.”

The Telegram CEO was “too slow [to react to] or did not listen at all to Western advice about the so-called moderation of his brainchild,” he said. Durov is not the only tech entrepreneur to face such pressure from Washington and its allies, the minister stressed, noting how the head of Meta, which owns Facebook and Instagram, Mark Zuckerberg “had been summoned to the US Senate and agreed to cooperate, as he himself admitted.” “The West does not pull any punches when dealing with other large platforms either,” he added. What the US and the EU are now doing to Durov is “analogous to their actions related to the abuse of globalization,” Lavrov noted. Kremlin spokesman Dmitry Peskov said over the weekend that Moscow also had issues with the Telegram CEO in the past, but – unlike Paris – never tried to arrest him.

Holding Durov accountable for crimes committed by other people using his app is the same as arresting the heads of French automobile makers Renault or Citroen because “terrorists also use cars,” Peskov argued. Durov, who was born in St. Petersburg, formally left Russia in 2014 after law enforcement agencies accused him of refusing to grant investigators access to the communications of terrorism suspects. The dispute was settled in 2020 when the Russian telecoms regulator announced that it had no further issues with Telegram. In an interview with American journalist Tucker Carlson in April, Durov insisted that he has repeatedly refused to provide user data to any authorities, including US intelligence services, or to install a surveillance “backdoor” in the app, which has almost a billion monthly users.

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“..last year, 90% of gasoline and diesel fuel entered the Mongolian market from Russia..”

• ‘Developing in All Directions’: Putin Praises Russia-Mongolia Relations (Sp.)

On Monday, Putin arrived in Mongolia for an official visit, during which he is anticipated to participate in celebrations marking the 85th anniversary of the joint victory of Soviet and Mongolian armed forces at the Khalkh River. “Indeed, relations between Russia and Mongolia are developing in all directions,” Putin said at a meeting with Mongolian President Ukhnaagiin Khurelsukh. Putin underscored the effective work in humanitarian areas, in particular in the field of education. “Today, during the course of our work, we will certainly return to the main areas of our cooperation in the economy,” Putin noted. Russia and Mongolia contribute to Asia’s security by cooperating along military-technical lines, as well as countering terrorism, Putin said. “When considering issues of military-technical and anti-terrorist cooperation, it was noted that Russian-Mongolian cooperation in these areas contributes to ensuring security in Asia,” Putin said after talks with Mongolian President Ukhnaagiin Khurelsukh.

Moscow is open to implementing peaceful nuclear energy projects with the East Asian country, Putin said. “We are also open to implementing joint peaceful nuclear energy projects based on the most modern Russian technologies, including the use of small-module reactors,” Putin told reporters following the talks with Mongolian President Ukhnaagiin Khurelsukh. Russia sees prospects for cooperation with Mongolia in the gas sector, President Putin said. “We see good prospects for cooperation in the gas sector,” Putin said after talks with his Mongolian counterpart, adding that the possibility of Russian gas supplies to Mongolian consumers is under consideration. Russia has consistently responded to Mongolia’s requests to meet its growing demand for fuel and lubricants, including on preferential terms, the president said, adding that Russia will also continue to supply Mongolia with electricity.

“Our country has long and reliably provided the Mongolian economy with the energy resources it needs. Thus, last year, 90% of gasoline and diesel fuel entered the Mongolian market from Russia,” he added. Russian President Vladimir Putin said on Tuesday that he had exchanged views on current international and regional issues at talks with Mongolian President Ukhnaagiin Khurelsukh. Moscow and Ulaanbaatar have paid special attention to advancing trade and investment ties during the talks in the Mongolian capital, Putin added.

“Special attention was paid to building up mutually beneficial trade and investment ties. Russia is one of Mongolia’s main foreign economic partners,” Putin said after talks with Mongolian President Ukhnaagiin Khurelsukh. Commercial settlements between Russia and Mongolia are almost entirely carried out in currencies other than the dollar and euro, the president added. In turn, the President of Mongolia thanked Putin for the visit, which coincides with a year of significant celebrations for both nations. This year marks the 85th anniversary of their joint victory at the Khalkhin Gol River and the 50th anniversary of the founding of Erdenet.

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“..go do to themselves something that Russians and Mongols found a word for together, back in the 13th century” and get lost..”

• Mongolia Told ICC To Get Lost With Putin Warrant – Medvedev (RT)

The International Criminal Court’s (ICC) arrest warrant for Russian President Vladimir Putin turned out to be a meaningless scrap of paper, his predecessor Dmitry Medvedev has said. His comments came after Putin arrived in Mongolia, an ICC member state, without facing any obstacles. Writing on Telegram on Tuesday, Medvedev, who now serves as Deputy Chairman of Russia’s Security Council, mocked the Western reaction to Putin’s visit to Ulaanbaatar. “The servile European Union has reportedly expressed ‘concern’ to Mongolia over the visit of Russian President Vladimir Putin,” he said. However, the Asian country “has just told the ICC and Eurodegenerates to go do to themselves something that Russians and Mongols found a word for together, back in the 13th century” and get lost, Medvedev suggested.

The ex-president went on to argue that the ICC – which he labeled a “half-baked ‘court’” – should be afraid of “a scenario where some madman tries to carry out their illegal arrest warrant. […] In that case, their lives would be worth no more than the piece of paper on which this shitty statute is written,” he warned. In March 2023, the ICC issued arrest warrants for Putin and Commissioner for Children’s Rights Maria Lvova-Belova for allegedly participating in unlawful deportation of Ukrainian children to Russia. Moscow does not recognize the ICC’s jurisdiction and declared the order null and void. Russia says that Ukrainian children were evacuated for safety reasons, and that they can be returned to their parents or guardians upon request.

Putin’s visit to Mongolia was his first foreign trip to a country that recognizes the ICC statute. Ahead of the trip, the court’s spokesman, Fadi el-Abdallah, said that the country had to cooperate with the ICC on the detention, adding that failure to do so could trigger an “appropriate” response from the body. However, the Rome Statute, under which the ICC operates, provides for exemptions if an arrest would “breach a treaty obligation” with another country or violate the “diplomatic immunity of a person or property of a third state.” Before Putin landed in Ulaanbaatar, Kremlin spokesman Dmitry Peskov allayed fears of a potential attempt to arrest the Russian leader. “We have excellent relations with our friends from Mongolia,” he said, noting that Moscow “has no concerns” about the ICC warrant.

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“Mongolia has always maintained a policy of neutrality in all its diplomatic relations..”

• Mongolia Explains Why It Didn’t Arrest Putin (RT)

Mongolia is dependent on its neighbors for energy and maintains a policy of neutrality, a government spokesperson has said, responding to demands to detain Russian President Vladimir Putin on a “war crimes warrant.” The International Criminal Court (ICC), Ukraine and the EU have all called on Ulaanbaatar to arrest the Russian leader, citing a 2023 warrant for “forcible deportations” of Ukrainian children. Although Mongolia is a signatory party to the ICC, it did not do so. “Mongolia imports 95% of its petroleum products and over 20% of electricity from our immediate neighborhood, which have previously suffered interruption for technical reasons. This supply is critical to ensure our existence and that of our people,” a government spokesperson told Politico EU via email on Tuesday. “Mongolia has always maintained a policy of neutrality in all its diplomatic relations, as demonstrated in our statements of record to date,” the spokesperson added.

Putin traveled to Mongolia at the invitation of his counterpart, Ukhnaagiin Khurelsukh, and met with top officials in Ulaanbaatar to discuss the two countries’ strategic partnership. The Russian president also attended the ceremony marking the 85th anniversary of the Battle of Khalkhin Gol, a decisive victory of Soviet and Mongolian forces over the Imperial Japanese Army that secured the USSR’s eastern flank for most of WWII. During their meeting Putin invited his Mongolian counterpart, Ukhnaagiin Khurelsukh, to the BRICS summit in the Russian city of Kazan next month. Khurelsukh has accepted the invitation. By refusing to arrest Putin, Mongolia has chosen to share “responsibility for his war crimes,” Ukrainian Foreign Ministry spokesman Georgy Tykhy said on social media, adding that Kiev “will work with partners to ensure that this has consequences for Ulaanbaatar.”

Mongolia is landlocked between Russia to the north and China to the south, and has maintained good relations with both Moscow and Beijing. Ulaanbaatar also signed the Rome Statute and joined the ICC in 2002, and one of its judges was appointed to the court earlier this year. While the court could formally condemn Mongolia for failing to enforce its writ, it lacks authority to impose penalties such as fines or sanctions. Russia has said it considers the ICC’s warrant null and void, since it is not a party to the Rome Statute. Moscow has also rejected the accusations as absurd, pointing out that evacuating civilians from a combat zone, where they faced imminent danger from Ukrainian artillery and drone strikes, was not a crime.

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“The reputation of both the Kiev regime and the ICC is well known. Neither of them are independent and have anything to do with law or justice..”

• Serious International Crimes to Be Brought to Justice – Moscow (Sp.)

“Ukrainian criminals guilty of serious international crimes against their own and Russian citizens, as well as their henchmen, will be brought to justice and will be punished as they deserve to be,” Zakharova said.
Kiev wants to withdraw its citizens from the jurisdiction of the International Criminal Court (ICC), but keep criminal prosecution of foreign citizens, Maria Zakharova said. “In fact, they want to withdraw their citizens from the jurisdiction of even this court, which is as loyal to them as possible, but at the same time reserve the right to criminal prosecution in The Hague of citizens of other countries on charges made up by Kiev itself,” Zakharova said.
Kiev’s words on the ratification of the Rome Statute with conditions shows its true attitude to international humanitarian law, the diplomat added.

“Such a step cannot be regarded otherwise than as an undisguised intention to give their military carte blanche to commit serious war crimes,” Zakharova added. Neither Ukraine nor the International Criminal Court have anything to do with law and justice, Zakharova said. “The reputation of both the Kiev regime and the ICC is well known. Neither of them are independent and have anything to do with law or justice,” Zakharova said. On August 24, Ukrainian President Volodymyr Zelensky signed a law to ratify the Rome Statute, the founding treaty of the ICC. Ukraine will not recognize the ICC’s jurisdiction over its citizens for seven years after the adoption of the draft law.

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Netanyahu is not Israel. Trump should learn that too.

• Netanyahu Refuses Surrender to Israeli Protesters Demanding Hostage Deal (Sp.)

Prime Minister Benjamin Netanyahu delivered a defiant late-night speech amid mass protests in Tel Aviv Monday, rejecting pressure from the Israeli public to secure a deal to return hostages and bring about a ceasefire in Gaza. “I will not surrender to the pressure,” said Netanyahu during the unusual press conference one day after a general strike shut down much of the country. “No one is more committed to freeing the hostages than me. But no one will preach to me,” he added, insisting there were “certain things we won’t compromise on” in negotiations with Hamas. Key to the controversy is the question of who will maintain control over the so-called Philadelphi corridor, a narrow strip of land separating the Gaza Strip’s southern portion from Egypt. The corridor has been jointly controlled by Egypt and Palestinian authorities since Israel’s military disengagement from Gaza in 2005, with the terms of 1978’s Camp David Accords granting Egypt control of the Rafah border crossing that falls within the route.

But the IDF has seized control of both the Philadelphi corridor and the Rafah border crossing in recent months, insisting that Israeli authority over both is necessary for security reasons. That stance has proven to be a poison pill in ongoing negotiations with Hamas as Netanyahu refuses to compromise on his establishment of a “buffer zone” along the Gazan side of the route. “This corridor is essential for our existence,” Netanyahu said Monday. “For this reason Hamas is insisting on it. And for the same reason I’m insisting on it.” The Israeli leader claimed weapons are smuggled into Gaza over the 8.7 mile border, allowing Hamas to maintain its armed resistance. Netanyahu has controversially allowed money and resources from Iran and Qatar to reach Hamas in an effort to strengthen the group and maintain Gaza’s political separation from the West Bank, which is overseen by the Fatah-led Palestinian Authority.

“Anyone who wants to thwart the establishment of a Palestinian state has to support the bolstering of Hamas and transferring money to Hamas,” said Netanyahu during a meeting with members of his Likud party in 2019, making explicit the symbiotic relationship between the armed group and the hardline Israeli prime minister. “This is part of our strategy to isolate the Palestinians in Gaza from the Palestinians in the West Bank.” US President Joe Biden has at times appeared flustered by Netanyahu’s intransigence amid months of unfruitful peace talks between Israel and Hamas, while Israeli military officials have publicly rebuked the prime minister for his effective sabotage of a hostage deal. Critics have claimed Netanyahu is merely stalling for time, working to prolong hostilities in Gaza in an effort to maintain his grip on power. The Israeli leader faces prosecution on corruption charges if he is forced to step down from his position.

Observers have speculated Netanyahu is attempting to “run out the clock” until November elections in the United States, after which Donald Trump’s possible return to the White House would provide him with more latitude in solving the Palestinian question. Provocative attacks on leaders of Hamas and Hezbollah on foreign soil have led to speculation the prime minister is seeking to provoke a regional conflict during which the US would presumably come to Israel’s support. Netanyahu has long attempted to goad the United States into a war against Iran, traditionally Israel’s most powerful and influential critic in the region. About 101 Israeli captives are thought to remain in Gaza after Hamas’ surprise operation on October 7, during which several dozen hostages were taken back to the Palestinian territory. Meanwhile Israel continues to hold more than 3,600 Palestinians, many of them children, in so-called administrative detention without charge. Recent polling reveals Netanyahu enjoys the approval of about 29% of the Israeli public.

Israel
https://twitter.com/i/status/1830799717300871552

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He can give this to Bobby Kennedy, along with the JFK files.

• Epstein Client List ‘Will Be’ Made Public – Trump (RT)

Republican presidential candidate Donald Trump has suggested that the “black book” with deceased sex trafficker Jeffrey Epstein’s client list would be made public should he be elected president. Epstein worked as a financier and socialized with the rich and famous for years, introducing them to dozens of young women – some of whom were underage at the time – and flying them to his private island in the Caribbean on the jet dubbed the ‘Lolita Express’. “I never went to his island, fortunately. But a lot of people did,” Trump said in an interview with the Lex Fridman podcast, published on Tuesday. “It’s very interesting, isn’t it? Probably will be, by the way,” Trump told Fridman, after the host said it was “very strange” that the list of people who traveled to Little St. James has never been made public.

Trump compared the Epstein disclosures to declassifying the last remaining documents related to the 1963 assassination of President John F. Kennedy, and said he would “certainly take a look at it” and would “be inclined to” release the client list. Trump has previously said that as president (2017-2021) he tried to release the Kennedy files, only for the US intelligence community to persuade him at the last moment that this would somehow be damaging. He has since made a promise to Robert F. Kennedy Jr. to declassify the documents about his uncle’s assassination, after the former Democrat endorsed him last month. Revelations that Epstein lured young women – many below the legal age of consent – and pimped them out to powerful and prominent acquaintances were instrumental in the financier’s arrest in 2019.

FBI searches of his New York residence and Caribbean island reportedly came up with videos potentially containing compromising material on his “guests.” That evidence remained under lock and key even after Epstein died in his Manhattan cell in August 2019, officially due to suicide. Epstein’s sometime girlfriend and accomplice, Ghislaine Maxwell, was arrested in 2020. She wound up convicted of child sex trafficking and sentenced to 20 years behind bars. While the public found out some of the names of the trafficked teens, the names of people they were trafficked to have remained a secret.

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RFK kid

 

 

Tiger mom

 

 

Baby elephant sleep

 

 

Ball
https://twitter.com/i/status/1831004843927867832

 

 

Grandma
https://twitter.com/i/status/1830927268547276820

 

 

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Kamala Harris May Well Win The White House

Aug 212024
 
 August 21, 2024  Posted by at 12:03 pm Finance Tagged with: , , , , , ,  26 Responses »


René Magritte Companions of fear 1942

 

 

When I do the Automatic Earth’s Debt Rattles every day, I always make notes, mentally or physically. Most I don’t have to use -my readers are smart-, some I do. And then today I happenstanced upon an article that would have required so many notes, I decided to use it in a different way than usual: give you the whole thing, and you make up your mind.

The writer, Graham Hryce, “is an Australian journalist and former media lawyer, whose work has been published in The Australian, the Sydney Morning Herald, the Age, the Sunday Mail, the Spectator and Quadrant.” I’ve quoted more of his pieces published at RT. I always understood why RT liked him. But not now. Hryce, in this piece, more or less says that Trump’s campaign is over, and Kamala is the new queen of the US. (I used his headline too)

Even though, as I wrote realier, “Until recently, nobody knew her. Those in the DNC who did, refused to vote for her. And just like that, she’s more popular than Trump? Sure thing.” Kamala may be elected prresident, she may go on to be the best president we’ve ever seen. But for now, let’s be realistic.

Nobody heard of her before this summer. And it takes time to sell a new car. Especially if it already comes with dents and scratches. And that’s what’s happening: they’re selling you a new car. Because you got tired of the old one. So they make you think this is some revolutionary new Tesla. What do they have to lose?

And yes, Trump is lying low. Any limelight he could get would be stolen by the DNC anyway. This week, they have a news monopoly. But that won’t last until November 5.

Time for you to make your notes… And we DO have a comments section..

 

 

Graham Hryce:

Within just a month of becoming the Democratic Party nominee for president, Kamala Harris has forged ahead in the race for the American presidency. How has this remarkable transformation of American politics come about? The answer lies in the departure of the senile and unelectable Joe Biden; Harris’ unexpected effectiveness and dynamism as a campaigner that has re-energized the Democratic Party; and the apparent (post assassination attempt) tiredness, negativity, and ineptitude that now characterizes Donald Trump’s faltering election campaign. Prior to Biden announcing on July 21 that he would step down, most objective political commentators saw a Trump victory in November as inevitable – with the only real issue being how large Trump’s winning margin would be. Many pundits predicted a Trump landslide.

That all changed dramatically a month ago when Biden dropped out of the race. More importantly, within a few days, the Democratic Party had confirmed Harris as its nominee – without her having to go through a time-consuming and distracting primary selection process. It may have taken the Democrats much more time than it should have to depose Biden – contracting Covid-19 was the final nail in the coffin for the doddering president who had become an acute electoral liability – but once they did, they moved swiftly to anoint Harris as his successor. The fact that Biden was not deposed months ago has, oddly enough, worked to Harris’ advantage – because there is now less time before the election for her to be exposed to legitimate and probing criticism from Trump (should he be capable of that) and the media.

Even so, it cannot be denied that Harris has hit the ground running. She has campaigned for the past month with a degree of ability, enthusiasm, and vigor that has probably surprised her own party, as well as a perplexed and seemingly unprepared Trump. Harris’ surprisingly effective performance as a campaigner may be in part due to the inherently low-profile status of the office of vice president. Lyndon Johnson once famously said that being vice president “was not worth a bucket of cold spit” – but Johnson himself, having been sidelined by John F. Kennedy as VP, proved to be a surprisingly capable campaigner in the 1964 presidential election, beating Barry Goldwater in a landslide.

Not only has Harris proved to be an extraordinarily adept campaigner – her recent rallies with vice presidential nominee Tim Walz (a very astute choice by Harris) are drawing large and enthusiastic crowds – she has also re-energized the Democratic Party, as evidenced by the hundreds of millions of dollars in campaign donations that have poured into party coffers in the last month. The contrast between the Democratic Party campaign led by the diminished Biden and the “upbeat and joyous” one led by Harris is stark. Not only can Harris and Walz effectively criticize and, perhaps more importantly, ridicule Trump (“he is just weird”) – they are also able to enthusiastically project a positive vision for America’s future under a Harris presidency.

This vision may be a political illusion, but voters of all stripes in American presidential campaigns have a deep-seated need to believe in the certainty of a better American future. Projecting such a belief was something that was quite beyond the ability of the ailing and much diminished Biden. Harris and Walz have also put forward an economic package that they claim will ease cost of living pressures, as well as other policy initiatives (including lowering the price of prescription drugs) aimed at assisting Americans who have been left behind by the globalized economy. However unviable these measures may prove to be in practice, they will definitely attract voters. Harris’ transformation of the election campaign and her re-vitalization of the Democratic Party are reflected in recent polls – that now show her marginally ahead of Trump in most battleground states.

 

These polls also suggest that Harris has clawed back ground with black and Hispanic voters, and even some of the white voters that comprise Trump’s primary electoral base. Harris has also energized those Democrat voters who may have stayed at home and not voted for Biden – as well appealing to those crucial swing voters whose votes will determine who will become president in November. The electoral momentum is now definitely with the Harris-Walz campaign, and that momentum can be expected intensify as a result of this week’s Democratic Party convention in Chicago. It is also clear that Harris becoming the Democratic presidential nominee has completely wrong-footed Trump and his campaign strategy.

Last week, the well-regarded Republican election strategist Karl Rove pointed out that Trump seems to have been unprepared for Biden’s withdrawal from the race and his swift replacement by Harris – and that he has been utterly unable to effectively deal with her re-energized campaign. Trump did not campaign for two weeks, and when he finally emerged from bunkering down in Mar-a-Lago, he seemed disoriented and lacking in energy. At last week’s press conference and election rallies, Trump focused on irrelevancies and pointless attacks on Harris in relation to her intelligence, name, and crowd sizes. He described Harris as being “dumb,” and accused her of being a “communist” – because she believes in universal healthcare – as well as being a “fascist.”

Trump, to the despair of his advisers, said nothing about the economy or any other policy issue – but he did find time to make reference to “Hilary Clinton’s emails.” Trump also told a completely false story about being in a helicopter emergency with Harris’ former mentor and boyfriend Willie Brown, a former black mayor of San Francisco. According to Trump, Brown said “terrible things” about Harris during this trip. Brown has now threatened to sue Trump over this story, and it has been verified that it was former white California Governor Jerry Brown who was in the helicopter with Trump. This odder than usual behavior may be a consequence of last month’s assassination attempt, which has perhaps affected Trump more than he is willing to acknowledge.

In any event, it is obvious that Trump lacks the energy and focus that he had in 2016 and 2020. In fact, he is starting to look like a desperate, losing candidate who is unable or unwilling to discuss policy issues or articulate a positive vision for America’s future. One Democratic political strategist described Trump’s recent performances as “pitiful,” and Harris characterized them as “the usual lies and deceptions.” In any event, Trump’s recent public appearances have caused even his staunchest supporters a great deal of concern. In the past few days, both Lindsay Graham and Bill O’Reilly have publicly told Trump that he needs to completely readjust his campaign strategy if he wants to win in November.

 

Late last week, Trump announced that he was hiring five new political advisers – including former political adviser Corey Lewandowski, who was previously sacked by Trump after the wife of a donor complained that he had made unwanted sexual advances towards her. When he worked for Trump in 2016, Lewandowski’s motto was “Let Trump be Trump.” Whether or not Lewandowski’s appointment proves to be a success remains to be seen. One of Trump’s main ongoing problems is his vice presidential candidate, J.D. Vance. Trump’s choice of Vance has been an unmitigated disaster – with his misogynistic views of women and his extreme position on abortion alienating female and swing voters, and his previous harsh criticisms of Trump (including comparing him to Hitler) causing ongoing, unnecessary, and distracting controversy.

Trump’s recent waning popularity, however, is not altogether surprising. In 2016, Trump was an intriguing novelty in American politics – a populist who had captured the Republican Party. His opponent was Hillary Clinton, an elite opponent with a great deal of political baggage and limited political skills. Clinton believed that she was entitled to become president, foolishly described Trump voters as “deplorables,” and haughtily refused to campaign in crucial battleground states. After eight years of domestic division, stagnation, and foreign policy debacles under Barack Obama and the Democrats, a slim majority of American voters were willing to elect Trump over Clinton in the misguided belief that he would “make America great again.”

If Biden, rather than Clinton, had been the Democratic candidate in 2016, Trump would never have become president. In 2020, a small majority of American voters decided that four years of Trumpian chaos were more than enough and opted to put Biden in the White House. And in the 2022 midterm elections, the predicted Trump landslide failed to eventuate – with voters refusing to elect candidates endorsed by Trump who falsely and foolishly claimed that Biden had stolen the 2020 election. Trump is still touting this lie – this may appeal to the more ignorant of his voting base, but alienates swing voters who believe in liberal democracy and value political stability.

The truth is that if the Democrats had had a viable candidate for the presidency for the better part of this year, Trump would probably not have been in the position that he was until Harris replaced Biden. Trump, in fact, in a rare moment of political insight, all but admitted this at a recent rally when he said “I shouldn’t have knocked Biden out of the race.” Now that Harris has unexpectedly turned out to be a credible and popular candidate, Trump’s popularity is understandably on the slide once more – and, barring some unforeseen catastrophe, Harris appears headed for the White House.

 

 

 

 

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Debt Rattle August 8 2024

Aug 082024
 
 August 8, 2024  Posted by at 9:34 am Finance Tagged with: , , , , , , ,  52 Responses »


Henry Bacon General View of the Acropolis at Sunset 1900(?)

 

• Stolen Valor: Walz Bailed On Iraq Tour, Then Lied About Combat Deployment (ZH)
• The GOP Plan To Handle Tim Walz, ‘Ideological Soul Mate’ of Harris (RCW)
• Minnesota National Guard Confirms VP Nominee Tim Walz Demoted (JTN)
• Kamala Donated To ‘Defund Police’ Group Pushing For DC Sanctuary City (ZH)
• US Arms Makers Refusing To Invest In Ukraine (RT)
• EU Hails Incursion Into Russia As Ukraine’s Right To ‘Self-defense’ (RT)
• Ukraine Spreading ‘Terrorism’ Around The World – Zakharova (RT)
• Fourth African State Sanctions Ukraine For ‘Supporting Terrorism’ (RT)
• Why Did America Give Away Its Manufacturing Jobs? (Paul Craig Roberts)
• FBI Raids Scott Ritter’s House (RT)
• Vienna Cancels Taylor Swift Concerts Over ISIS Attack Fears (RT)
• Hunter Biden Got ‘Millions’ of Dollars From Romania to Influence US Gov’t (Sp.)
• The “No Kings Act” is a Decapitation of the Constitution (Turley)
• Crazed Authoritarians Demand X Be Shut Down in UK (MN)

 

 

 

 

 

 

Shellenberger

 

 

Pelosi

 

 

Somalia

 

 

Sinwar
https://twitter.com/i/status/1821017557538590978

 

 

Victor Davis Hanson: “Anything That Didn’t Kill [Trump] Made Him Stronger”

 

 

 

 

Did they vet this guy at all? He bailed on his National Guard battalion when he heard he would be deployed to Iraq, and you want to put him second in line for Commander-in-Chief?

• Stolen Valor: Walz Bailed On Iraq Tour, Then Lied About Combat Deployment (ZH)

Kamala Harris’ VP pick Tim Walz has come under fire over his extreme left-wing policies, from joking about helping illegal immigrants into the country by investing in a ‘ladder company,’ to signing a law that gives them driver’s licenses, to delaying the deployment of the National Guard during the Georger Floyd riots. And while there’s much more to discuss, Walz has come under the most intense scrutiny for embellishing his military record, when in reality he bailed on his National Guard battalion – instead running off to Congress after learning that he would be deployed to Iraq.”On May 16th, 2005, [Walz] quit, betraying his country, leaving the 1-125th Field Artillery Battalion and its Soldiers hanging; without its senior Non-Commissioned Officer, as the battalion prepared for war,” wrote retired Command Sergeants Major Thomas Behrends and Paul Herr in a 2018 letter posted to Facebook.

The pair further criticized Walz for abandoning the National Guard for Congress despite being fully aware that he could have requested permission from the Pentagon to seek office while on active duty. And instead of filing the proper paperwork to ensure a smooth transition out of the military, Walz “instead … slithered out the door,” the letter reads, adding that Walz “embellished and selectively omitted facts of his military career for years.” Trump VP pick JD Vance ripped Walz in a press conference, saying “What bothers me about Tim Walz is the stolen valor garbage. Do not pretend to be something you’re not. And if he wants to criticize me for getting an Ivy League education, I’m proud […] I was able to make something of myself and I would be ashamed if I was him and I lied about my military service like he did.” (X via @townhallcom). What’s more, Walz lied – telling a crowd that he was in fact deployed. “I carried weapons of war in war,” he said. Walz insists he has an “honorable record.”

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“..Democrats have “shifted so far to the left as a whole that candidates as extreme as Kamala Harris, as extreme as Tim Walz, are now considered mainstream.”

• The GOP Plan To Handle Tim Walz, ‘Ideological Soul Mate’ of Harris (RCW)

Democrats are eager to introduce Minnesota Gov. Tim Walz to the country. He is a veteran who used the GI Bill to get to college, a former public-school teacher who coached high school football, and a two-term governor of a midwestern state with a record of accomplishments on behalf of working-class families. Republicans are just as excited. Despite his Rust Belt resume, they say Vice President Harris has selected a radical as her running mate. In an interview with RealClearPolitics, Republican National Committee Chairman Michael Whatley said, “Tim Walz is really, truly her ideological soulmate.” The emerging Republican plan to beat the Harris-Walz ticket? Just roll the tape, replied Whatley: “Our opposition research is going to be video clips of Tim Walz.” More specifically, Whatley said the GOP would point to Walz’s previous comments about wanting to invest in a “30-foot-ladder factory” to help migrants scale former President Trump’s border wall, his support for giving undocumented individuals healthcare and driver’s licenses in Minnesota, and his handling of the 2020 riots in Minneapolis that followed the death of George Floyd.

Republicans have already been hitting Harris over illegal immigration and the border, inflation and the economy, and crime. Walz just presents a new wrinkle and new video clips. One immediately began circulating online. Conservatives were quick to criticize Walz for not deploying the Minnesota National Guard sooner in the summer of 2020 as rioters looted and burned through Minneapolis. “I could smell the burning tires, and that was a very real thing,” Minnesota first lady Gwen Walz told a local news reporter in an interview making the rounds online Tuesday. “I kept the windows open as long as I could because I felt like that was such a touchstone of what was happening.” According to the GOP, this is more evidence of the weak-on-crime radicalism of Democrats. The race is now on for Democrats to introduce their new folksy anti-Trump champion while Republicans rush to define him as more of the same.

For his part, Walz has a history of spoiling GOP plans. He punched his ticket to Congress in 2006 by flipping a Republican House seat. After more than a decade, Walz ran and won the governor’s mansion by more than 10 points in 2018, a post he easily held a second time four years later. Michael Tyler, a spokesman for the Harris campaign, said that by picking Walz, Harris has “cemented the fundamental contrast in this race between the Harris-Walz ticket which is fighting for working families and the Trump-Vance Project 2025 agenda that would unleash harm on Americans across the country.” The pair will spend the coming months, he added, traveling the country talking about “building up the middle class instead of cutting taxes for the rich, and fighting for our fundamental freedoms, including reproductive freedom.” Walz may be an asset particularly in the Midwest. He talks plainly, and his small-town biography explains his appeal.

When President Biden announced his retirement, Walz was quick to throw his support behind Harris as many others did. He emerged as a sort of pathfinder for Democrats with his broadsides against Sen. J.D. Vance as soon as Trump named the Ohio Republican his running mate. “The golden rule” in rural, small-town America, Walz said during a “Morning Joe” interview last month, was to “mind your own damn business.” And then the governor forged the talking point that the left has used with some immediate success to define the GOP ticket. “We do not like what has happened where we can’t even go to Thanksgiving dinner because you end up in some weird fight that is unnecessary,” he continued. “Well, it’s true. These guys are just weird.” And in this way, the word “weird” became the Democratic byword for the Republican ticket. Trump, Vance, and all their ideas, Democrats have said on repeat for weeks, aren’t just a threat to democracy, they are unusual and out of touch with America itself.

The left now enjoys rare alignment. Everyone from New York Rep. Alexandria Ocasio-Cortez to West Virginia independent Sen. Joe Manchin praised the Walz pick. All of it, replied Whatley, is more evidence that Democrats have “shifted so far to the left as a whole that candidates as extreme as Kamala Harris, as extreme as Tim Walz, are now considered mainstream.”

While the party boss said that the GOP playbook remains the same now that Walz has joined the ticket, behind the scenes Republicans expressed giddiness that Walz, instead of a more moderate candidate like Pennsylvania Gov. Josh Shapiro, was selected. One prominent Republican operative accused Walz of “plagiarizing California’s failed far-left liberal agenda for Minnesota.” Republicans hope to compete in that state, despite Donald Trump’s two narrow losses there. The selection of Walz won’t do anything to change that strategy, Whatley told RCP. He said Republicans are looking forward to “a conversation in Minnesota about how, as the governor, Walz allowed riots to basically burn down Minneapolis, and then Kamala Harris came in and bailed out all those people out.” That will continue to be, he said, “a conversation we’re happy to have in Minnesota.”

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“He ran away. It’s sad.” “He had the opportunity to serve his country, and said ‘Screw you’ to the United States..”

• Minnesota National Guard Confirms VP Nominee Tim Walz Demoted (JTN)

The Minnesota National Guard confirmed Wednesday that Gov. Tim Walz, Kamala Harris’ vice presidential running mate, was demoted and did not retire as a command sergeant major like he has claimed for years, including on his official gubernatorial biography. While Walz temporarily held the title of command sergeant major he “retired as a master sergeant in 2005 for benefit purposes because he did not complete additional coursework at the U.S. Army Sergeants Major Academy,” Army Lt. Col. Kristen Augé, the Minnesota National Guard’s State Public Affairs Officer, told Just the News. The statement reignited a controversy that began during his 2018 election for governor in which National Guardsman claimed on social media and in a paid ad that Walz declined to deploy to Iraq for combat duty in 2005 and forfeited his title of command sergeant major. Walz chose to run for Congress that year.

The governor’s biography, published on the state’s official website, says that “Command Sergeant Major Walz” retired from the Minnesota National Guard in 2005. At the time he was serving as one of the highest ranking members of the 1-125th Field Artillery Battalion. The Minnesota National Guard disputed his description of his final rank,. “Governor Tim Walz served from April 8, 1981, to May 16, 2005. Governor Walz served in the Minnesota National Guard’s 1st Battalion, 125th Field Artillery after transferring from the Nebraska National Guard in 1996. While serving in Minnesota, his military occupational specialties were 13B – a cannon crewmember who operates and maintains cannons and 13Z -field artillery senior sergeant. In Nebraska, he served as a 11Z – infantry senior sergeant, and a 71L – administrative specialist. He held multiple positions within field artillery such as firing battery chief, operations sergeant, first sergeant, and culminated his career serving as the command sergeant major for the battalion,” Army Lt. Col. Kristen Augé, Minnesota National Guard’s State Public Affairs Officer, told Just the News in a statement Wednesday.

“He retired as a master sergeant in 2005 for benefit purposes because he did not complete additional coursework at the U.S. Army Sergeants Major Academy,” she added. According to Army Regulation 600-8-19, a solider who does not complete the requisite coursework results is automatically demoted. “The Soldier must complete the U.S. Army Sergeants Major Course as a condition of this promotion. Failure to meet the condition will cause demotion per AR 600 – 8 – 19,” the regulation reads. This is not the first time that Walz’s military records have come under scrutiny. During his campaign for governor in 2018, two retired senior officials in the Minnesota National Guard criticized Walz for retiring shortly before his battalion was set for a deployment to Iraq. The two retired Command Sergeants Major in the guard wrote in an open letter posted to Facebook that they felt it was their “duty and responsibility to bring forth the truth as we know it concerning his service record.”

Thomas Behrends, one signer of the letter, was chosen to replace Walz. According to the letter, Minnesota Governor Walz was selected in 2004 to serve as the Command Sergeant Major of the 1-125th Field Artillery Battalion and by September of that year Walz was conditionally promoted to the rank. But, by early 2005, Walz’s battalion was ordered to mobilize for an active duty deployment to Iraq. Shortly after, in May 2005, Walz “quit, leaving the 1-125th Field Artillery Battalion and its Soldiers hanging; without its senior Non-Commissioned Officer, as the battalion prepared for war,” according to the two Command Sergeants Major. “When your country calls, you are supposed to run into battle — not the other way,” Behrends told the New York Post Tuesday. He ran away. It’s sad.” “He had the opportunity to serve his country, and said ‘Screw you’ to the United States. That’s not who I would pick to run for vice president,” he added.

The office of Governor Walz did not respond to a request for comment from Just the News. Retired U.S. Army Reserve Major General Tim Haake told Just the News that, based on his experience, a Command Sergeant Major resigning shortly before a deployment would likely have a “deleterious” effect on the unit. “The Command Sergeant Major is the highest enlisted rank in a unit and is the key person ensuring the troops are prepared, logistically, emotionally, and any other way, for the mission.” As a result of his abrupt retirement, and breach of his conditional agreement, the authors claimed Walz was demoted to Master Sergeant for his retirement.

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#BlackLivesMatter still exists?

• Kamala Donated To ‘Defund Police’ Group Pushing For DC Sanctuary City (ZH)

Vice President Kamala Harris and second gentleman Doug Emhoff donated to a progressive legal group last year that pushed to defund the police, and wants to make Washington DC a permanent “sanctuary city” for illegals, the Washington Examiner reports, citing a copy of their joint tax return. Harris and Emhoff donated $1,000 to Legal Aid DC, a nonprofit that works on housing law and represents low-income clients in multiple areas. The pair also donated $1,000 to the nonprofit in 2021, according to the report. “News of the donations, which have not been reported on until now, comes as Harris faces scrutiny on the 2024 campaign trail over her support in 2020 for defunding the police and her handling of the border crisis. Harris has reversed course on a variety of her left-wing policy positions after becoming the Democratic presidential nominee.

“But the vice president’s willingness to fund Legal Aid DC as recently as 2023 could raise questions about her ties to controversial progressive activists — including after Harris selected Gov. Tim Walz (D-MN), who has been widely criticized over his response to the 2020 riots in Minnesota, as her running mate.” -Washington Examiner. Legal Aid DC was founded in 1932, and brands itself as “the district’s oldest and largest civil legal services organization” helping to “make justice real in individual and systemic ways.” In 2020, Legal Aid DC published a statement in the wake of George Floyd’s death noting that it “stands in solidarity with those speaking out, demonstrating, and demanding a country and society that will treat every one of its residents with dignity and respect.” Days later, the group’s housing law attorney Amanda Korber was quoted in an article pushing for fewer police officers in DC.

Legal Aid DC shared the article on social media, writing “As Legal Aid’s Amanda Korber noted in the article, we are concerned, especially given the ongoing protest movement, about any solution that involves more police and policing in DC public housing. #BlackLivesMatterDC.” As the Examiner notes further, Legal Aid DC shared an article in 2021 glorifying BLM, and amplifying a quote by Minneapolis City Councilman Jeremiah Ellison declaring “I think the police will view a leftist protester with a gas mask as more dangerous than a right-wing protester with a semiautomatic rifle.” Of note, Ellison – the son of Minnesota AG Keith Ellison, helped lead the charge in 2020 to “dismantle” the Minneapolis Police Department. Legal Aid DC also supported a since-approved law in DC that to make it a “permanent” sanctuary city – legislation which restricts cooperation between US Immigration and Customs Enforcement and local agencies.

Legal Aid’s Adam Jacobs said at the time that the law “could lift some of the terror our immigrant neighbors and their families have faced for many years.” “It also restricts the city’s prisons from functioning as immigration detention centers and amends a loophole used by ICE and the U.S. Marshals to detain immigrants outside of D.C. Superior Court,” reported NBC4 Washington in 2020 upon the City Council’s approval of a permanent version of the then-temporary law. Meanwhile, Harris running mate Gov. Tim Walz (D-MN), has supported similar “sanctuary state” policies in the past, as well as a law allowing illegal immigrants to obtain a driver’s license.

Meanwhile, Legal Aid DC also submitted testimony in 2023 in support of a bill to “create a reparations task force and fund to address the impacts of slavery and institutional racism in Washington, D.C.,” according to documents. The organization’s policy counsel, Jen Jenkins, told the DC City Counsel that it’s essential for the district “to acknowledge that slavery, colonialism, and systemic racism have left deep scars in D.C. and to begin rectifying those impacts for black D.C. residents through enacting this bill.” Also, Walz’s wife is ‘weird’…

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“Making investments into a manufacturing facility that could be obliterated by Russia and may not have sustained demand in the future “has to make sense from a business case..”

• US Arms Makers Refusing To Invest In Ukraine (RT)

American arms manufacturers are reluctant to open workshops in Ukraine despite the Pentagon coaxing them to do so, the military news outlet Defense One reported on Tuesday, citing a US State Department official. The Ukrainian government has touted the build-up of domestic arms manufacturing by foreign firms as an alternative to the long-term supply of military aid by Western sponsors. Germany’s Rheinmetall has so far voiced the most ambitious plans to operate on Ukrainian soil, promising to make not just munitions, but also armored vehicles and tanks in the country. However, other large players, particularly those from the US, have been cautious about making such pledges. Northrop Grumman is an exception, having announced last month that it had finalized an agreement to produce medium-caliber ammunition in Ukraine. The company will provide equipment and training, but has refused to put its own employees on the ground.

Making investments into a manufacturing facility that could be obliterated by Russia and may not have sustained demand in the future “has to make sense from a business case,” a US State Department official told Defense One on the sidelines of the Farnborough air show in the UK. The US industry “is really eager” to profit, but needs the government to hedge their investments for risks, according to the source. ”It has to be a business case for what they’re trying to do, and so looking at maybe starting off with a maintenance, repair, and overhaul type stuff, spare parts production, so kind of starting a crawl-walk-run-type philosophy, before you actually get to the more advanced stuff,” the official said. In addition to the war-related risks, Western firms are also concerned about corruption, the source acknowledged. The US diplomat claimed that Ukraine was making progress in that regard, but was far from where it needed to be to allay the concerns.

Graft has been an endemic problem in the country since it gained independence in the early 1990s. Ukrainian leader Vladimir Zelensky has reportedly complained about the attention paid to the problem by his Western backers, claiming that it is largely irrelevant at a time when his nation is fighting Russia. Russia has described the Ukraine conflict as a US-triggered proxy war against it, waged for the sake of Washington’s geopolitical interests. The American economy has benefited from it by boosting demand for weapons and tanking the competitiveness of Western European manufacturers, Russian officials have said. European firms have lost access to cheap Russian energy and raw materials due to the breakdown of trade with the country, with some relocating plants to the US as a result.

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Where did they find 1,000 extra troops?

• EU Hails Incursion Into Russia As Ukraine’s Right To ‘Self-defense’ (RT)

The European Union fully supports the actions of Ukraine’s forces, including striking Russian territory, European Commission spokesman Peter Stano has said. The statement came a day after Ukraine launched a major cross-border sortie into Russia’s Kursk Region early on Tuesday. At least five civilians were killed in assault as of Wednesday evening, according to the Interim Governor of Kursk, Aleksey Smirnov. Another 31 people – including six children – were injured in the Ukrainian shelling of the town of Sudzha, Russia’s Health Ministry said late on Wednesday. Russian President Vladimir Putin has called the Kursk attack yet another “large-scale provocation” by Kiev, accusing Ukrainian troops of deliberately targeting civilians. Commenting on the raid, Stano said Ukraine has the right to defend itself, “including by striking the aggressor on its territory.”

“The EU continues to fully support Ukraine’s legitimate right to defend itself” and win back its lost territories, the spokesperson told the Ukrainian news network Suspilne on Wednesday. Kiev considers the Kherson and Zaporozhye Regions, the Republics of Donetsk and Lugansk, as well as the Crimean peninsula to be parts of Ukraine. All five territories formerly joined the Russian Federation after a series of democratic referendums. Ukrainian forces numbering up to a thousand, supported by tanks and artillery, moved across the border in an attempt to take hold of the Sudzhinsky district of Russia’s Kursk Region, the Russian Ministry of Defense said on Wednesday, reporting that the Ukrainian advance had been stopped. In the attack, Kiev’s forces suffered at least 315 casualties, with more than 100 killed and the rest wounded as of Wednesday, the chief of the Russian General Staff, Valery Gerasimov, reported.

Ukraine also lost at least 54 armored vehicles, including seven tanks during the push, he stated. Russian Foreign Ministry spokeswoman Maria Zakharova slammed the incursion as a “massed terrorist attack.” The “barbaric attack” aimed to “sow panic among the residents of the region and demonstrate at least some semblance of activity, amid the constant failures of the Ukrainian armed forces in the conflict,” she stated. Commenting on Kiev’s incursion, US State Department spokesperson Matthew Miller said Washington’s stance on Ukraine’s use of US-supplied weapons in cross-border attacks has not changed, and that “with the actions that they are taking today, they’re not in violation of our policy.” Moscow has repeatedly warned that Western arms supplies to Ukraine will not break the course of the conflict, but only prolong it.

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“Things will get worse in terms of Ukrainian terrorism spreading across the planet. It’s not a joke..”

• Ukraine Spreading ‘Terrorism’ Around The World – Zakharova (RT)

The Ukrainian government has become a terrorist organization acting on behalf of Western nations and their “deep state structures,” Russian Foreign Ministry spokeswoman Maria Zakharova has claimed. The official condemned Kiev in an interview on Wednesday, after Ukrainian troops launched an incursion into Russia’s Kursk Region one day previously and several civilians were killed by Ukrainian strikes. “This is an act of terrorism. It was obviously directed against peaceful people. There is no doubt about that,” the spokeswoman told Sputnik Radio. Zakharova brought up Mali’s decision earlier this month to cut diplomatic relations with Kiev, after Ukrainian officials claimed credit for an ambush on Russian military contractors by Tuareg militants. A spokesman for the Ukrainian military intelligence called it a “successful military operation” by his agency, but Bamako described it as support for terrorism in the Sahel region of Africa.

The Ukrainian Foreign Ministry has since denied Kiev’s involvement in the incident, while neighboring Niger joined Mali in condemning Ukraine and breaking ties with it. “Things will get worse in terms of Ukrainian terrorism spreading across the planet. It’s not a joke,” Zakharova warned. People in power in Kiev have turned their country into a “terrorist gang” doing the dirty work for Western nations and their “deep state structures,” the diplomat claimed. She also asked what it would take to convince the American people that by bankrolling Ukraine, their government was sponsoring terrorism. Ukrainian troops have been launching attacks against settlements in the border areas of Kursk Region as they try to push their way inside Russian territory.

On Tuesday evening, acting Governor Aleksey Smirnov reported that the civilian death toll from the hostilities had increased, after a Ukrainian kamikaze drone hit an ambulance near the town of Sudzha, one of the primary targets of the attacks. The strike killed the driver and an elderly paramedic, and left a doctor injured, he said. Previous updates confirmed three civilian fatalities. Meanwhile, local health officials reported on Wednesday that at least 28 people had been injured by Ukrainian strikes. Zakharova cited a deep fake video of Smirnov, in which the governor urged all men in Kursk Region to go to conscription centers and take arms, as evidence that Ukraine’s military activities were primarily meant to disturb Russian civilians. The clip was apparently based on an actual video statement made by the governor on Tuesday, which urged citizens to keep calm and prioritize their safety.

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Mali, Niger, Senegal and Burkina Faso. What business does Kiev have there?

• Fourth African State Sanctions Ukraine For ‘Supporting Terrorism’ (RT)

Niger has severed diplomatic relations with Ukraine in response to Kiev’s alleged support for militants who killed dozens of Malian soldiers and Russian Wagner Group contractors in an attack last month. The West African state’s decision on Tuesday came just two days after Mali took the same step, accusing Kiev of supporting international terrorism. Ukrainian officials had earlier indicated that Kiev had assisted Tuareg rebels who staged an attack in the village of Tinzaouaten. In an interview following the incident, Ukraine’s spy agency spokesman, Andrey Yusov, indicated on national TV that the insurgents had received intelligence to conduct a “successful military operation against Russian war criminals.” He warned that “there will be more to come.” Ukraine’s embassy in Senegal posted the video – now deleted – on its Facebook page along with a comment from Ambassador Yury Pivovarov, who said “there will certainly be other results.”

Niamey’s military government spokesman, Amadou Abdramane, called the remarks “indecent” and “unacceptable” in an address on state TV late on Tuesday, claiming that they characterize “acts of aggression.” “Niger, in total solidarity with the government and people of Mali, has decided in all sovereignty […] to sever diplomatic relations between the Republic of Niger and Ukraine with immediate effect,” Abdramane said. Kiev has yet to respond to the African state’s move. On Monday, the Ukrainian Foreign Ministry denied any involvement in the terrorist attack and described Mali’s decision to break off diplomatic ties as “shortsighted and hasty.” “Ukraine is known in Africa as an important contributor to ensuring regional security,” the ministry stated, arguing that Bamako had acted without providing any evidence of Kiev’s complicity in the ambush near the Algerian border.

On Tuesday, the West African regional bloc ECOWAS condemned the killings in Mali and expressed “strong” opposition to “any foreign interference” that threatens the region’s peace and security. Bamako’s neighbors, including Senegal and Burkina Faso, have all criticized Ukraine over the statements by its officials. Since 2012, Mali has been embroiled in a jihadist insurgency that has claimed thousands of lives. A decade-long French military mission failed to quell the violence, which has spilled over to neighboring Burkina Faso and Niger. All three former French colonies, led by their militaries, have severed defense ties with Paris and formed the Alliance of Sahel States to combat terrorism. Russia, which Bamako, Niamey, and Ouagadougou regard as a strategic security ally, has agreed to assist the troubled Sahel states in combating long-standing terrorist threats.

Read more …

“Journalism as an occupation no longer exists. Today the struggle is not to get at the heart of an issue, but to have one’s agenda prevail.”

• Why Did America Give Away Its Manufacturing Jobs? (Paul Craig Roberts)

Not long ago a couple of publishers asked about my memoirs. I told them I had no interest. Memoirs are an enormous undertaking, especially when your files haven’t been organized for the purpose. Moreover, many of mine have been discarded in moves. When you have lived as long as I have and been involved in so many major issues, files are a voluminous collection. Moreover, I have always had a jaundiced eye toward memoirs, being unsure whether they are an exercise in egotism. In past times I think memoirs, even if they were attempts to control the narrative, something done for us today by the CIA and woke media and universities, still made information available that otherwise would have died with the person. I find this a bit sobering as there is a great deal of information that is going to die with me. Despite all the winnowing of my files, I still have 25 crates that if I did nothing else for one year I might get through. To organize the information, I would need at least two assistants.

I have barely touched the crates, and already I have found important matters long forgotten. In 2004 NY Democrat Senator Chuck Schumer and I opened a New Year with a jointly authored column in the New York Times. We raised the offshoring issue. American manufacturing jobs and the tech jobs of American professionals were being sent to Asia. We posed the question that if jobs offshoring was free trade, as economists claimed, was free trade any longer in America’s interest? My position was that jobs offshoring is a contradiction of free trade–more later–and Schumer was still in his idealistic period when he was concerned about the displacement of American labor by foreign labor in the production of goods and services that Americans consumed. Our article caused a firestorm. The Brookings Institution in Washington called a conference and asked us to come and defend our position. C-Span broadcast the conference live and rebroadcast it a number of times. Schumer and I carried the day.

Delighted with the publicity, Schumer suggested a follow-up article. The NY Times was eager. We began a draft, and then it went cold. My explanation is that Wall Street, which was committed to jobs offshoring, got to Schumer and explained campaign contributions to him. I continued on. Conservatives, free market economists, and libertarians, who are indoctrinated with free trade, but who do not comprehend the theory, called me a heretic. Nevertheless, both the Wall Street Journal and the Washington Post were intrigued that the “most ardent” of the “Reagan policymakers” had taken a position against the policy that Wall Street was imposing on the country. The Wall Street Journal assigned Timothy Aeppel to arrange a series of debates to be published in the Wall Street Journal between me and Columbia University Professor Jagdish Bhagwati. The question was: Is jobs offshoring really free trade?

Adam Smith and David Ricardo’s theory of free trade rests on the principle of comparative advantage. What this means is that a country’s capital remains employed at home and is employed in areas in which the capital is best used. If all countries do this, there are gains from trade, and all countries will be better off than if they are self-sufficient. I have wondered if the free trade theory was used as a stratagem to repeal the British Corn Laws and reduce the income and power of the landed aristocracy. Both Smith and Ricardo made it completely clear that if a country’s capital left the country, it was pursuing absolute advantage, not comparative advantage, and free trade theory is vitiated. This is the point I made. Without comparative advantage, there is no case for free trade. The Wall Street Journal wasn’t the only media institution interested in the facts. So was the Washington Post.

The Washington Post assigned their economics editor Paul Blustein to interview me and my critics and to do a news report. Blustein interviewed me at least three times prior to writing his story. Keep in mind that Blustein had been a critic during my Treasury days with the Reagan administration. Nevertheless, after giving my critics their say, Blustein wrote:“Still, mainstream economists can’t answer a key question that Roberts raises, which is how the U.S. economy can generate better employment opportunities to replace the white-collar jobs that are suddenly vanishing. “Roberts recently got some support for his argument from a heavyweight academic economist, William J. Baumol . . . a past president of the American Economic Association and a book he published with Ralph E. Gomery, [a distinguished mathematician] that pokes some holes in economic orthodoxy by showing that free trade will not necessarily provide mutual gains to countries.”

Today this exchange of ideas in the Wall Street Journal and the Washington Post and the honest appraisal of one’s opponents is not possible. I am banned from the Wall Street Journal, a newspaper I used to edit. I am banned from the Washington Post for which I was a contributor. I am banned from the NY Times which used to call me and ask me to write on current issues. I am banned from the newspapers of the Scripps Howard News Service. I am banned from the San Diego Union, the San Francisco Examiner, and the Los Angeles Times for which I was a regular contributor. There is no debate. There are narratives, and the narratives are imposed. Journalism as an occupation no longer exists. Today the struggle is not to get at the heart of an issue, but to have one’s agenda prevail.

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“..violations of the Foreign Agent Restriction Act (FARA)”

• FBI Raids Scott Ritter’s House (RT)

Federal agents and state police have searched the house of former US Marine and UN weapons inspector Scott Ritter in New York state on Wednesday. State Police and FBI agents descended on the street of Bethlehem township, south of Albany, around noon, according to the local outlet Times-Union. They carried “more than two dozen boxes” out of the house just before 5pm local time. The law enforcement executed a search warrant “related to concerns apparently the US government has about violations of the Foreign Agent Restriction Act (FARA)” Ritter told reporters gathered outside the house after the agents left. He denied any allegations of wrongdoing and said the federal government was trying to intimidate him. An FBI spokesperson confirmed “law enforcement activity in connection with an ongoing federal investigation,” but would say nothing further.

Ritter is a former US Marine Corps major who served as a UN weapons inspector in Iraq during the 1990s. He opposed the 2003 US invasion, insisting that Saddam Hussein’s government did not have weapons of mass destruction, as Washington claimed at the time. He has also been an RT contributor and saw his passport seized by the US government when he tried to attend the St Petersburg International Economic Forum in June. Jim Hoffman, Ritter’s neighbor across the street for two decades, told the Times-Union that the former inspector has kept a low profile. “When he came out against the Iraq War back in early 2000s, he was vilified everywhere,” Hoffman said. “Honestly, he was right. He said there were no weapons of mass destruction in Iraq.”

Ritter himself has not posted anything about the raid on social media. His most recent post on X was from Tuesday’s meeting with independent presidential candidate Robert F. Kennedy Jr. The administrators of his Telegram channel posted photos of the raid and said they have not heard from him either.

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Hmmm…

• Vienna Cancels Taylor Swift Concerts Over ISIS Attack Fears (RT)

US pop mega-star Taylor Swift has canceled three upcoming concerts in Vienna, Austria after two suspects were arrested for allegedly planning terrorist attacks on the shows. Swift was supposed to perform at Vienna’s Ernst Happel Stadium on August 8, 9, and 10 as part of her European leg of the Eras Tour. Venues across the continent have been sold out for weeks. “With confirmation from government officials of a planned terrorist attack at Ernst Happel Stadium, we have no choice but to cancel the three scheduled shows for everyone’s safety,” concert promoter Barracuda Music said in an Instagram post. “All tickets will be automatically refunded within the next 10 business days.” Austrian police arrested a 19-year-old who had pledged allegiance to Islamic State (IS, also known as ISIS) in Ternitz, a town south of Vienna. Another suspect was later detained in the capital

Franz Ruf, director-general for public safety in the Austrian Ministry of the Interior, told reporters that the suspects were allegedly self-radicalized online, planned to attack Vienna, and expressed particular interest in Swift’s concerts. The organizers expected 65,000 concertgoers at each show and an additional 10,000 to 15,000 fans outside the arena, police said. The risk justified raising security precautions, said Vienna police chief Gerhard Purst. The 19-year-old suspect may have been building an explosive device, police said, and the chemical substances found at his home are currently being investigated. The names of the suspects have not been made public. Swift embarked on the Eras Tour in March 2023, aiming to do 152 concerts across five continents, performing hits from her 17-year career. The 34-year-old songstress is expected to make $2 billion from the tour by the time it wraps up in December.

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Pardon him while you still can..

• Hunter Biden Got ‘Millions’ of Dollars From Romania to Influence US Gov’t (Sp.)

Hunter Biden, the son of US President Joe Biden, has received millions of dollars from a Romanian entrepreneur in order to influence the US government during his father’s vice presidency, court filings have revealed. US Department of Justice Special Counsel David Weiss’s office found that Biden received “substantial” sums of money from foreign firms and individuals in exchange for acting as a lobbyist, consultant, or legal adviser. “With respect to his first topic, ‘allegations that Mr. Biden (1) acted on behalf of a foreign principal to influence U.S. policy and public opinion,’ the defendant did receive compensation from a foreign principal to attempt to influence U.S. policy and public opinion, as alleged in the indictment, and this evidence is relevant and not unfairly prejudicial,” the Wednesday filing read. Hunter Biden worked for Romanian businessman Gabriel Popoviciu (referred to as G.P. in the document) to help him escape bribery charges in Romania, Weiss’s office also revealed.

“The evidence of what the defendant agreed to do and did do for G.P. demonstrates the defendant’s state of mind and intent during the relevant tax years charged in the indictment. It is also evidence that the defendants actions do not reflect someone with a diminished capacity, given that he agreed to attempt to influence U.S. public policy and receive millions of dollars,” the document said. In November 2023, House Republicans subpoenaed the president’s brother James Biden and Hunter Biden to appear for a deposition before lawmakers. In May, Smith said that Hunter Biden had repeatedly lied to Congress in his February deposition to distance his involvement in what should be considered a “clear scheme to enrich the Biden family.” The House of Representatives is investigating the Biden family for alleged criminal activity, including foreign influence peddling and bribery.

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The Supreme Court is the only things they don’t control..

• The “No Kings Act” is a Decapitation of the Constitution (Turley)

Senate Majority Leader Chuck Schumer (D., N.Y.) has introduced the “No Kings Act” with great fanfare and the support of most of his Democratic colleagues. Liberal groups have heralded the measure to legislatively reverse the ruling in Trump v. United States. It is obviously popular with the press and pundits. It is also entirely unconstitutional in my view. The “No Kings Act” is not just a cynical abdication of responsibility by Democrats, but would constitute the virtual decapitation of the Constitution. I have previously written about the false claims made about the Supreme Court’s decision by President Joe Biden, Vice President Kamala Harris and other leading democrats. The press and pundits have reached a new level of sensationalism and hysteria in the coverage with MSNBC’s Rachel Maddow even claiming that it was a “death squad ruling.” The Court actually rejected the most extreme positions of both the Trump team and the lower courts.

As it has in the past, the Court adopted a three-tiered approach to presidential powers based on the source of a presidential action. Chief Justice John Roberts cited Youngstown Sheet and Tube Co. v. Sawyer, in which the court ruled against President Harry Truman’s takeover of steel mills. In his famous concurrence to Youngstown, Justice Robert Jackson broke down the balance of executive and legislative authority between three types of actions. In the first, a president acts with express or implied authority from Congress. In the second, he acts where Congress is silent (“the zone of twilight” area). In the third, the president acts in defiance of Congress. In this decision, the court adopted a similar sliding scale. It held that presidents enjoy absolute immunity for actions that fall within their “exclusive sphere of constitutional authority” while they enjoy presumptive immunity for other official acts. They do not enjoy immunity for unofficial or private actions.

Where the coverage has been wildly inaccurate, the No Kings Act is cynically dishonest. To his credit, President Joe Biden was at least honest in proposing a constitutional amendment to overturn the decision in Trump. However, that was dead on arrival in Congress since under Article V it would require a two-thirds majority vote in both houses and then ratification by three-fourths of the states. The Democrats are seeking to circumvent that process with simple majority votes with the No Kings Act. The bill is being presented as a jurisdiction-stripping measure, not an effort to dictate outcomes. Congress does have authority to change the jurisdiction of the federal courts. That authority was recognized by the Court itself in Ex parte McCardle (1869). Chief Justice Salmon Chase ruled that it did have the authority “to make exceptions to the appellate jurisdiction of this court.”

However, Chase also emphasized that the law did “not affect the jurisdiction which was previously exercised” so that prior decisions would remain fully enforceable. Moreover, shortly after McCardle, the Court ruled in United States v. Klein (1871), that Congress may not use its authority of court jurisdiction to lay out a “rule of decision” for the Supreme Court, or effectively dictate results in court cases. The No Kings Act does more than just strip jurisdiction and makes no secret of its purpose in dictating the outcome of future cases. It purports in Section 2 to “clarify that a President or Vice President is not entitled to any form of immunity from criminal prosecution for violations of the criminal laws of the United States unless specified by Congress.” That is a rather Orwellian view of “clarification” since it directly contradicts the opinion in declaring in the very next section that “[a] President, former President, Vice President, or former Vice President shall not be entitled to any form of immunity (whether absolute, presumptive, or otherwise) from criminal laws of the United States unless specified by Congress.”

Schumer and most of the Democratic senators actually believe that they can simply instruct lower courts to ignore a Supreme Court ruling on the meaning of the Constitution. It would undermine the basis of Marbury v. Madison after 221 years. To be sure, it is stated in strictly jurisdictional terms. Yet, it crafts the jurisdictional changes to mirror the decision and future immunity claims. The bill declares that federal courts “may not consider whether an alleged violation of any criminal laws of the United States committed by a President or Vice President was within the conclusive or preclusive constitutional authority of a President or Vice President or was related to the official duties of a President or Vice President unless directed by Congress.” But the Democrats are not done yet. Section 4 actually removes the Supreme Court from such questions and makes appellate courts the effective highest courts of the land when it comes to presidential immunity:

“The Supreme Court of the United States shall have no appellate jurisdiction, on the basis that an alleged criminal act was within the conclusive or preclusive constitutional authority of a President or Vice President or on the basis that an alleged criminal act was related to the official duties of a President or Vice President.” Notably, this is one of the wacky ideas put forward by the President’s Supreme Court Commission. After all, why pack the Court if you can just gut it? Of course, some sponsors like Elizabeth Warren (D., Mass.) want to both pack the Court and strip it of authority. Presumably, once packed, the authority to act as a court would be at least restored with the liberal majority.

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Sorry, Two Tier Kier. NASA need Musk to save their ISS astronauts.

• Crazed Authoritarians Demand X Be Shut Down in UK (MN)

Mimicking a policy that the west once condemned Communist China for pursuing, authoritarians are now calling for X to be shut down completely in the UK to stop civil unrest. After the country was rocked by a series of riots over the past week in response to a 17-year-old son of Rwandan immigrants killing three little girls in Southport, the media and the political class blamed the anger on “misinformation” shared on X. In reality, the UK has been a boiling pot of resentment and rage over mass migration for years, with huge numbers continuing to arrive, putting massive strain on the country and making some parts of major towns and cities unrecognizable, despite nobody having ever voted for it. However, the disorder is being exploited to grease the skids for mass censorship. Cambridge professor Sander van der Linden said the government could “geo-restrict access to a platform if the situation got so bad” and Twitter could also be “banned from the app store for violating policies.”

Jessica Simor QC also called for the UK government to “pass a short bill closing down Twitter in the UK.” Entrepreneur Ana Vilhete also called for Twitter to be temporarily banned in the UK to “limit the spread of inflammatory information.” Journalist Paul Mason, a Marxist who once worked for the BBC, demanded the government use the Online Safety Bill (which passed under the excuse of protecting children from harmful content) to “pull the plug” on X. Apparently, it’s horrendous for Middle Eastern dictators to shut down and block social media networks during times of civil unrest, as occurred during the Arab Spring, but when the UK does it, it’s fine. Whenever there are anti-government protests in China, the Communist regime there also blocks and suspends social media networks, something that was once slammed by western governments as a vicious attack on basic freedom, but a tactic which they now emulate.

Although the riots are cited as the primary reason for mass censorship, the calls are also being driven by the fact that Elon Musk has challenged the mainstream narrative on the riots and embarrassed Prime Minister Keir Starmer. Musk branded Starmer ‘Two Tier Kier’ for pursuing a vigorous crackdown on anti-mass migration demonstrators while turning a blind eye to Muslim mobs who have also rioted and physically attacked innocent people. The British political establishment engaged in a collective hissy fit over Musk’s simple question for Starmer and the government when he asked, “Why aren’t all communities protected in Britain?”. The X owner also drew attention to a viral video clip of a man being arrested in his own home by police over a Facebook post, asking if it was “Britain or the Soviet Union”. The regime is deeply fearful that Musk’s intervention is causing them to lose control of the narrative that the unrest is being fueled by mindless, racist thuggery and not legitimate concerns about the impact of mass migration on working class people in the UK.

Hitchens/Starmer

Read more …

 

 

 

 

All roads…

 

 

Mar a lago
https://twitter.com/i/status/1820943581823299921

 

 

Starlink

 

 

Sting
https://twitter.com/i/status/1820913480192725080

 

 

Rescue
https://twitter.com/i/status/1820900188627857766

 

 

Oh no!
https://twitter.com/i/status/1821068771252916646

 

 

More friends
https://twitter.com/i/status/1821162344866632041

 

 

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

 

 

 

 

 

Debt Rattle June 16 2020

Jun 162020
 
 June 16, 2020  Posted by at 11:25 am Finance Tagged with: , , , , , , , , , , , , ,  22 Responses »


Gustave Dore Dante and the Angel of the Church before the Door of Purgatory 1868

 

• Biden Appears Likely To Pick Kamala Harris As VP (Mcleod)
• Gaslighted by the Ruling Class (Chris Hedges)
• New Zealand Ends Covid-Free Run With Two Cases From UK (G.)
• China Reports 40 New Coronavirus Cases In Mainland, 27 In Beijing (R.)
• Virus-Hit Beijing Tightens Outbound Travel; Shanghai Demands Quarantine (R.)
• FDA Warns Against Combination Of HCQ And Remdesivir (R.)
• FDA Revokes Emergency Use Status For HCQ To Treat COVID19 (R.)
• Fed Says It Is Going To Start Buying Individual Corporate Bonds (CNBC)
• Fed Launches Long-Awaited Main Street Lending Program (R.)
• Hong Kong Chief Says Opponents Of Security Law Are “Enemy Of The People” (R.)
• Disorders Now and To Come (Kunstler)
• Even At 50% Attendance, It’s An Economic Disaster (Y!)

 

 

First: there will be no Debt Rattle tomorrow, Wednesday June 17, or any other articles, because I’m going to try to fly to Athens. The entire game plan, the conditions etc., has kept on changing all the time, but it looks like it might happen.

What I understand at this point is that I will be tested at the airport upon arrival and then sent to a hotel for the night awaiting test results. Then if I test negative I’m free to go, the 1 week mandatory quarantine was scrapped two days ago. If I test positive there’s a 2 week quarantine. That would probably also apply if anyone else on the plane tests positive.

With all the extra safety measures and stuff at airports and planes, something tells me it’ll be a long day tomorrow.

 

 

Worldometer reports new cases (midnight to midnight GMT+0) at + 124,600.

My count from about 6 am EDT to 6 am EDT is + 124,778 cases.

 

 

 

 

New cases past 24 hours in:

• US + 20,722
• Brazil + 23,674
• Russia + 8,248
• India + 10,243
• Pakistan + 5,248
• Chile + 5,143

 

 

• Cases 8,141,389 (+ 124,778 from yesterday’s 8,017,241)

• Deaths 439,705 (+ 3,581 from yesterday’s 436,124)

 

 

 

 

I ike the slogan for Yaneer Bar-Yam’s EndCoronavirus.org:

THERE’S NO SENSE IN BEING PRECISE WHEN YOU DON’T EVEN KNOW WHAT YOU’RE TALKING ABOUT.
John von Neumann (1903 – 1957)

 

 

 

From Worldometer yesterday evening -before their day’s close-:

 

 

From Worldometer:

 

 

From COVID19Info.live:

 

 

 

 

The game plan would be clear enough: Kamala Harris is black and aggressive, tough on crime, and her role will be to stir unrest among African-Americans, get them out on the streets, seen as THE new issue with which to defeat Trump, now that RussiaRussia and impeachment were such abject failures.

But but: Kamala Harris was about the most unpopular candidate running in the Dem prelimiaries, and because of that, one of the first to bow out. How does that not matter?

It sounds convincing though, almost like a done deal: Bookmakers agree, putting Harris’ chances at around 50%. No other candidate [..] has a better than one in ten chance.

Still, reading things like this can’t help to make me think: they don’t really want to win.

• Biden Appears Likely To Pick Kamala Harris As VP (Mcleod)

Amid an anti-police movement that has swept the country, the Democratic Party is choosing to run on a “tough on crime” ticket for November. A new Reuters exclusive reports that California senator and former prosecutor Kamala Harris is the clear favorite for the job of vice-president in a Biden White House. Bookmakers agree, putting Harris’ chances at around 50 percent. No other candidate, according to betting analyst Oddsmaker, has a better than one in ten chance. The nationwide protests, sparked by the police killing of George Floyd on May 25, have been increasingly led by Black Lives Matter, and the calls to defund or dismantle the entire policing system are growing louder. In response, more than 30 states mobilized the National Guard to quash the unrest.

A recent poll found that 74 percent of the country, including 87 percent of Democrats, support the protests, with two-thirds backing Black Lives Matter. Despite this, Biden is moving towards choosing a running mate that is most famous in activist circles for her conservative, “lock them up” stance when it comes to crime. As District Attorney of San Francisco, Harris strongly opposed marijuana legalization. Under her jurisdiction, arrests and convictions for the drug increased, as did the percentage of black people arrested for its possession. Yet during her unsuccessful run for the Democratic nomination last year, she laughed and joked about illegally using marijuana herself.

During the Democratic debates, she was also accused by Hawaii Congresswoman Tulsi Gabbard of blocking evidence that would have freed an innocent man from a death sentence. Harris was also a vocal supporter of the controversial three strikes law that sent repeat offenders to prison for life. When running for Attorney General, her position was to the right of her Republican opponent. Nevertheless, many in the business world appear very excited about the potential pick. “She understands the moment,” claimed Marc Lasry, Chairman of the Avenue Capital Group and a member of Biden’s national finance committee, “They want someone who will galvanize people. She seems to be that person.”

It seems unlikely, however, that either Biden or Harris will galvanize protestors demanding racial justice. Biden’s 1994 Crime Bill imposed the three strikes rule, leading to a great increase in the number of people in prison. Between 1994 and 1998, the total number of people in U.S. prisons rose by 19 percent and continued climbing for a decade longer. Biden himself began his political career by opposing racial desegregation and bussing, something that Harris grilled him on in the Democratic debates. “There was a little girl in California who was part of the second class to integrate her public schools and she was bused to school every day. That little girl was me,” she said directly to him.

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The rulinng class in this case is Joe Biden.

• Gaslighted by the Ruling Class (Chris Hedges)

In 1994, then Senator Biden pushed through the Violent Crime and Law Enforcement Act. It was supported by the Congressional Black Caucus, evidence of the growing disconnect between black political elites and those they should protect. The caucus has, in the face of the current crisis, once again called for the tired and toothless reforms that got us into this mess. “Black elected officials have become adept at mobilizing the tropes of Black identity without any of its political content,” notes Keeanga-Yamahtta Taylor in the New York Times.

The bill authorized $30.2 billion over six years for police and prisons. Biden boasted that he “added back into the Federal statutes over 50 death penalties — 50 circumstances in which, if a person is convicted of a crime at a Federal level, they are eligible for the death penalty.” The bill, he bragged, authorized “over 70 increased — 70, seven zero — 70 increased penalties in new offenses covering violent crimes, drug trafficking, and gun crimes.” It also established the Community Oriented Policing Services or COPS Program that has handed more than $14 billion to state and local governments, most of the money used to hire more police. COPS also provided $1 billion to place police in schools, accelerating the criminalization of children.

The 1994 bill more than doubled the prison population. The United States now has 25 percent of the world’s prison population, although we are 4 percent of the world’s population. Half of the 2.3 million people in our prisons have never been charged with physically harming another person and 94 percent never had a jury trial, coerced to plea out in our dysfunctional judicial system. Biden proudly said in 1994 he represented a new Democratic Party that was tough on law and order.

“Let me define the liberal wing of the Democratic Party,” he said at the time. “The liberal wing of the Democratic Party is now for 60 new death penalties. That is what is in this bill. The liberal wing of the Democratic Party has 70 enhanced penalties, and my friend from California, Senator Diane Feinstein, outlined every one of them. I gave her a list today. She asked what is in there to every one of them. The liberal wing of the Democratic Party is for 100,000 cops. The liberal wing of the democratic Party is for 125,000 new State prison cells.” There is only one way to defeat these forces of occupation and the ruling elites they protect. It is not through voting. It will come from the streets, where tens of thousands of courageous men and women, facing arrest, indiscriminate police violence, economic despair and the threat of Covid-19, are fighting for not only an end to racism, but freedom.

Read more …

No cases for 24 days. Then they allow two UK women in for compassionate reasons. These women then go into a 2-week Isolation but remain untested for 9 days, until one of them gets sick.

Gov’t comment: “The women had “done everything right”. I’m starting to think New Zealand’s success story was based on pure luck.

• New Zealand Ends Covid-Free Run With Two Cases From UK (G.)

New Zealand has recorded its first new cases of coronavirus for 24 days after two women who arrived in the country from Britain were found to be infected. The pair were released early from government quarantine and permitted to drive from the city of Auckland to Wellington, the capital – nearly 650km away – before being diagnosed, health officials said. Their trip was an approved exemption from the mandatory isolation period for new arrivals to the country in order to visit a dying parent. The women had “done everything right” and had not put other members of the public at risk, said Ashley Bloomfield, New Zealand’s director-general of health, on Tuesday.

After both women tested positive for Covid-19 on Monday, one reported that in hindsight she had been experiencing symptoms, but had attributed them to a pre-existing medical condition. The pair marked New Zealand’s first new cases of Covid-19 for more than three weeks, and were diagnosed one week after the last known case in the country had recovered. The discovery of the new cases came one week after all domestic restrictions on the country were lifted, with Bloomfield warning at the time that more cases of the virus would inevitably arise as people infected with it crossed the border. The women – one aged in her 30s and the other in her 40s – had arrived in Auckland on a flight from the UK via Brisbane, Australia, on 7 June, Bloomfield said.

All new arrivals to the country – only New Zealanders, their families, and essential workers are currently permitted to cross the border – are required to spend two weeks in managed isolation at a hotel. But six days after the women arrived, Bloomfield said they travelled from Auckland to Wellington “in a private vehicle” after they were granted a compassionate exemption to do so and made a safety plan with officials. They had not been tested for Covid-19 at the time. The pair had made the drive of approximately eight hours without refuelling their vehicle or disembarking for any reason, including to use public toilets, he said. “They had no contact with anybody else during that trip,” added Bloomfield. He was “not nervous” that the women had infected anyone else, adding that they would now remain in self-isolation with a relative in Wellington.

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Given how fast it spread in the past 2-3 days, it’s obvious the disease had been present for a 1 or 2 weeks.

• China Reports 40 New Coronavirus Cases In Mainland, 27 In Beijing (R.)

Mainland China reported 40 new confirmed coronavirus cases for June 15, down from 49 a day earlier, the National Health Authority said on Monday. Twenty seven of the new cases were in Beijing, down from 36 a day earlier. The city is facing a new outbreak of the virus that is believed to have originated in a local grocery market. The NHC reported 8 new imported coronavirus cases in mainland China as of the end of June 15, down from 10 a day earlier. The commission also reported 6 new asymptomatic cases, down from 18 a day earlier. The total number of coronavirus cases in mainland China now stands at 83,221, and the death toll remains unchanged at 4,634. China does not count asymptomatic patients, who are infected with the virus but do not display symptoms, as confirmed cases.

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1 outbreak, 106 cases and counting.

• Virus-Hit Beijing Tightens Outbound Travel; Shanghai Demands Quarantine (R.)

Beijing banned high-risk people from leaving the Chinese capital and halted some transportation services on Tuesday to stop the spread of a fresh coronavirus outbreak to other cities and provinces. China’s financial hub of Shanghai demanded some travellers from Beijing be quarantined for two weeks, as 27 new COVID-19 cases took the capital’s current outbreak to 106 since Thursday. That makes it the most serious flare-up in China since February, stoking fears of a second wave of the respiratory disease which emerged in the central city of Wuhan late last year and has now infected more than 8 million people worldwide. “Beijing will take the most resolute, decisive, and strict measures to contain the outbreak,” Xu Hejian, spokesman at the Beijing city government, said at a press conference on Tuesday.


The outbreak has been traced to the sprawling Xinfadi wholesale food centre in the southwest of Beijing where thousands of tonnes of vegetables, fruits and meat change hands each day. Beijing had designated 22 neighbourhoods as medium-risk areas as of Monday. Medium-risk areas are required to take stringent measures to block the potential entry of infection. All high-risk groups in Beijing, such as people who are close contacts of confirmed cases, are not allowed to leave the city, state media reported on Tuesday, citing municipal officials. All outbound taxi and car-hailing services have also been suspended. Some long-distance bus routes between Beijing and nearby Hebei and Shandong provinces were suspended.

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A non-clinical study that showed no evidence. It’s becoming a familiar theme.

• FDA Warns Against Combination Of HCQ And Remdesivir (R.)

The U.S. Food and Drug Administration on Monday issued a warning to healthcare providers against administering malaria drug hydroxychloroquine or chloroquine in combination with Gilead Sciences’ experimental COVID-19 drug, remdesivir. The agency, based on data from a recent non-clinical study, said the co-administration may result in reduced antiviral activity of remdesivir. It also added it had no such evidence from a clinical setting and that it continues to evaluate all data related to remdesivir.


The warning comes hours after the agency revoked the emergency use authorization of hydroxychloroquine to treat COVID-19, which has been touted by the U.S. President Donald Trump. FDA said it was no longer reasonable to believe that oral formulations of hydroxychloroquine and chloroquine may be effective in treating the illness caused by the novel coronavirus. Gilead’s drug had received emergency use authorization earlier in May as a potential treatment for COVID-19, clearing the way for broader use of the drug in more hospitals around the United States.

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We get not a word about zinc.

But we do get a rehash of France, Italy and Belgium halting HCQ use, without mentioning that they did so based on a fully discredited piece in the Lancet, which itself has issued apologies for it.

• FDA Revokes Emergency Use Status For HCQ To Treat COVID19 (R.)

The U.S. Food and Drug Administration on Monday revoked its emergency use authorization for hydroxychloroquine to treat COVID-19, but quickly came under fire from President Donald Trump, who said only U.S. agencies have failed to grasp its benefit in fighting the coronavirus. Based on new evidence, the FDA said it was no longer reasonable to believe that hydroxychloroquine and the related drug chloroquine may be effective in treating the illness caused by the novel coronavirus. The FDA also warned that the drugs have been shown in lab studies to interfere with Gilead Sciences Inc’s antiviral drug remdesivir – the only medicine so far to show a benefit against COVID-19 in formal clinical trials.


The move comes after several studies of the decades-old malaria pills suggested they were not effective either as a treatment for or to prevent COVID-19. [..] Current U.S. government treatment guidelines do not recommend its use for COVID-19 patients outside of a clinical trial. France, Italy and Belgium late last month halted use of hydroxychloroquine for COVID-19 patients. But the United States last month sent 2 million doses to Brazil, which has emerged as the pandemic’s latest epicenter. Hundreds of trials testing hydroxychloroquine or chloroquine as interventions for COVID-19 are still underway, including a U.S. study designed to show whether hydroxychloroquine in combination with azithromycin can prevent hospitalization and death from COVID-19.

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Call it what you want: nationalization, socialism, communism.

Or simply: the strongest attempt to kill off price discovery so far.

• Fed Says It Is Going To Start Buying Individual Corporate Bonds (CNBC)

The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is purchasing, the central bank announced Monday. As part of a continuing effort to support market functioning and ease credit conditions, the Fed added functions to its Secondary Market Corporate Credit Facility. The program has the ability to buy up to $750 billion worth of corporate credit. Its March 23 initial announcement is largely considered a watershed moment for the financial markets, reeling from the coronavirus threat spread. “The decision to buy a broad portfolio of corporate bonds represents a shift to a more active strategy for the secondary market corporate credit facility, rather than the passive approach originally envisioned,” said Steven Friedman, senior macroeconomist at MacKay Shields.

The move comes less than a week after a downbeat Federal Open Market Committee view of the U.S. economy in the wake of the coronavirus pandemic. Moving to a more aggressive bond-buying strategy “may also reflect the Committee’s view that the economic recovery from the ongoing COVID-19 crisis will be an extended and challenging one, with credit markets requiring extensive support,” Friedman added. Under the latest guidelines, the Fed said it will buy, on the secondary market, individual bonds that have remaining maturities of five years or less. Those purchases will go along with the ETFs the Fed already has been buying, which are balanced toward investment-grade indexes but also include some junk bond funds that track debt which had been investment grade before the crisis but had been downgraded after.

The intent of the individual debt purchases will be “to create a corporate bond portfolio that is based on a broad, diversified market index of U.S. corporate bonds,” the Fed said in a news release. “This index is made up of all the bonds in the secondary market that have been issued by U.S. companies that satisfy the facility’s minimum rating, maximum maturity, and other criteria. This indexing approach will complement the facility’s current purchases of exchange-traded funds,” the statement said.

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The Fed doesn’t help Main Street. It simply sees an opportunity to help banks make more money at the expense of Main Street under the guise of a beneficial narrative.

• Fed Launches Long-Awaited Main Street Lending Program (R.)

The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic. The program, targeted at companies that were in good shape before the pandemic but may now need financing to retain workers and fund operations, will offer up to $600 billion in loans through participating financial institutions to U.S. businesses with up to 15,000 employees or with revenues up to $5 billion. Lenders must register using the lender portal here and are encouraged by the Fed to begin making program loans to for-profit firms “immediately.”

The central bank also sought feedback on Monday on a proposal to expand the program to allow nonprofit organizations to borrow under the program as well. Administered by the Boston Fed, the Main Street program for businesses aims to offer credit for those that may be too large to qualify for the Paycheck Protection Program, which targets businesses with fewer than 500 employees. Unlike the PPP, which was established by Congress in late March and offers loans that can be converted to grants if businesses meet certain requirements, the loans offered under the Fed program must be repaid.

It has taken nearly three months for the Fed to design, build and launch a program to extend credit to companies in all walks of the economy, a huge departure from its role as a lender to the banking sector. Fed officials adjusted the Main Street program twice by expanding the range of loan sizes to make it available to more companies that need help keeping workers on staff. It also extended the loans to five years, with payments deferred for the first two years, to better help businesses struggling because of the crisis. “Supporting small and mid-sized businesses so they are ready to reopen and rehire workers will help foster a broad-based economic recovery,” Fed Chair Jerome Powell said in a statement last week after the most recent adjustment.

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A.k.a. deplorables.

• Hong Kong Chief Says Opponents Of Security Law Are “Enemy Of The People” (R.)

Hong Kong leader Carrie Lam on Tuesday urged opponents of Beijing’s plan to impose national security legislation in the financial hub to stop “smearing” the effort, saying those who did were “the enemy of the people”. Beijing last month announced a plan to introduce legislation in Hong Kong to tackle secession, subversion, terrorism and foreign interference and which could see Chinese security agencies set up bases in the city. Critics see the law as the most serious threat to a “one country, two systems” formula, agreed when the former British colony returned to Chinese rule in 1997, aimed at ensuring its freedoms and role as a global financial centre.

The Chinese government and Lam’ s Beijing-backed city administration say the law will not curtail freedoms but will target a small number of “troublemakers” and help bring stability after a year of anti-government protests. “I urge opponents who still use the usual tactics to demonize and smear the work to stop because by doing this they become the enemy of the Hong Kong people,” Lam said before a cabinet meeting, referring to the legislation. “The vast majority want to restore stability, and have safety, satisfaction and employment.” The government has mounted a campaign to rally public support for the legislation, with billboards, a booklet with questions and answers and a video of Lam defending the law “in the public interest”.

In the video, posted on the city government’s website, Lam decried a “terrorist threat” against a “traumatized” city, saying advocates of independence were “colluding with foreign forces” and undermining security. “Hong Kong has become a gaping hole in national security, and our city’s prosperity and stability are at risk,” said Lam as she stood flanked by the Chinese and Hong Kong flags, the first bigger than the second.

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“Have Chuck Schumer and Nancy Pelosi appealed to their followers to end their violence? Maybe I missed that.”

• Disorders Now and To Come (Kunstler)

Never in US history has there been a faction as dishonest as today’s Democratic Party or as habituated to the application of bad faith in political conflict. Their addiction to malicious hoaxes and engineered untruths knows no limits — and naturally so, since they are motivated primarily by dissolving all boundaries in policy, law, sexual relations, and personal conduct. They’ve been busy proving the past few weeks that they’re against the social contract as a basic proposition, exhorting for an end to law enforcement while inciting street violence, crimes against property, and murder.

Many voters are onto them, of course, so the Resistance is also determined to derail the 2020 elections by any means necessary, only starting with ballot fraud but surely escalating to new, innovative chicanes and disruptions. Their chosen candidate for president — that is, their putative “leader” — is an obvious empty vessel fronting for sinister forces in the background. They stuffed Joe Biden in a basement twelve weeks ago and have no intention of setting him loose on the landscape where he would reveal his unfitness with every breath he takes and every move he makes. The news media especially, in its bad faith role, pretends not to notice, but its minions are too self-important to realize that there are other ways for citizens to learn what is happening out there.

Events are rushing ahead at a pace you can barely follow. Summer begins in another week and why, now, would you expect any lessening in civil disorders? A heat wave is upon us here in the crowded eastern US at the end of this week and that’s always an invitation to raucous behavior on the steamy streets. Have Chuck Schumer and Nancy Pelosi appealed to their followers to end their violence? Maybe I missed that. They are hinting at a return to Covid-19 lockdown conditions — but you can forget about anyone following that when the temperature tops ninety degrees (and certainly the Dem leadership knows that).

The devastation of small business, careers, livelihoods, households, and futures continues. Take measures to protect your own future, as far as possible. Put your energy into imagining how you can be helpful to other people, and perhaps incidentally earn their trust and their assistance in mutually beneficial ways. Think about finding a plausible place to live where the rule of law perseveres. Think about how you might fit into an economy run at a smaller scale. Start taking action on that thinking. There’s potential for a lot of people to get hurt in the disorders-to-come. There’s plenty you can do to not be one of them.

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The problem with all mass events.

• Even At 50% Attendance, It’s An Economic Disaster (Y!)

College football is twelve Saturdays away. It may be hard to believe amid the ongoing coronavirus pandemic, but Division I colleges and universities across the country began to bring their football players back to campus for workouts this month. Now a number of schools have reported that some of their players tested positive for COVID-19: Auburn had three players test positive; University of Central Florida had three; Oklahoma State had five; Arkansas State had seven. That won’t stop the season from happening. The general attitude from schools is that the players who tested positive will self-isolate for two weeks, and the show will go on. The show must go on, because the money demands it.


“We are going to play football in the fall,” said the 76-year-old West Virginia University president Gordon Gee, “even if I have to suit up.” Gee said that a month ago, when the return of college football was still in question, since some universities were hesitant to commit to having classes in the fall. The California State University system, which includes football schools like San Diego State and Fresno State, announced it would start the fall with mostly online-only classes. The thinking at that time was that schools couldn’t have college football players come back if they didn’t have the rest of their students back on campus. There were also fears that the college football season might get pushed to spring 2021, which would mean NFL-bound stars like Clemson quarterback Trevor Lawrence or Ohio State quarterback Justin Fields would almost surely opt not to play.

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